Forecast message from Consortium President
Consortium President Sean Worthington recently shared his forecast on the possible trading price of CloudCoin over the next few years:
I believe the price of CloudCoin is dependent on five variables, any one of which can be a bottleneck and keep the price low:
- RAIDA must work if the client software is to work.
- Client software must work if people are to buy, sell and trade CloudCoin.
- People must be able to buy, sell and trade if we are to market them virally so that people continue using CloudCoin and feel confident telling their friends.
- We must market effectively to attract and keep a huge network of users.
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The more users (demand) we have, the higher the price given a fixed (scarce) supply.
The price cannot go up unless all the variables have capacity. The variable with the least degree of freedom controls the equation. It is like having a pipe with five parts and water flowing through each part. The part that constricts the most becomes the bottleneck and holds the price down.
The first part is the capacity of the network infrastructure: RAIDA. I am certain that RAIDA has better infrastructure than any other payment system including Visa, PayPal and bitcoin. RAIDA is more efficient, faster, scalable and more private than anything else. RAIDA is not visible, but we have put huge amounts of work into it and have developed something exceptional that no one can compete with.
The second part of the pipe is the client software. We have just finished 95% of this; it is first-rate and works well. We expect to have our web-based software released soon and we have a new system that makes it look as if we are paying with credit cards. The client software is really opening up the flood gates of value so that the price will go up. I believe we can deliver client software that is better than any other system. When looking at the pure function of sending and receiving money, I am confident that right now our desktop software is better than PayPal, better than Bitcoin, and better than Visa.
The third element is liquidity. People will be more likely to buy and use CloudCoin once they can quickly change dollars into CloudCoin and CloudCoin into dollars (or other fiat currencies). CloudCoin has been attacked or blocked by major payment services and locked out of big exchanges. Banks have closed accounts of Consortium members and related entities. We have put off a big battle with the establishment, but we can now fight back. We have to become more liquid than PayPal, Visa, bitcoin, etc. This is a tall order, but we have something that these payment systems do not have. We have a global authentication system: RAIDA. Although RAIDA is used to authenticate CloudCoins, we can also use it to globally authenticate people and create trust.
There are many aspects of liquidity. The biggest is our peer-to-peer exchange software. We are about 90% done on the exchange. People will initially be able to plug-in their PayPal or Stripe accounts, then we will add 30 of the biggest payment systems in the world including systems from Europe, India, Africa and Asia. We will be able to exchange nearly any digital currency in the blink of an eye. We will even have cash and check systems.
An exchange is not the only liquidity project we are working on. We have a two-month schedule to finish merchant payment systems, white-label CloudCoins, RAIDA Mail, RAIDA Data, APIs, documentation, plug-ins and a CloudCoin store. We hope to accomplish this before the New Year. We will even have a video game that uses CloudCoins.
Next comes marketing. Once the liquidity is achieved, we can tell people about CloudCoin with confidence. This process will not be easy. What we really want is for CloudCoin to go viral. We need to do a little marketing, have people try CloudCoin, find out what they don't like about it, and fix that. Then market again. We will try to improve and improve until everyone tells their friends and it goes viral.
Lastly is what I call operations. This is our ‘make or break’ area. When we are successful, we can expect a lot of attention from governments, hackers, media, etc. We can expect huge traffic growth on our servers. We will need to strengthen everything, and that includes our own organization. I will start stepping aside to allow many others to take leadership roles. Once CloudCoin is around for a while and is able to take the attacks from everything, the price will go up even more.
How much will the price go up?
My expectations are that the price will go increase to at least US$0.95 three years from now. We will gradually ramp up marketing efforts through mid-2020, which I expect will positively affect coin prices. Once we have things working virally, I believe the price will explode. If it does not, it will create an opportunity for us to look at what we are doing wrong and what is not working for people. The number of CloudCoins is fixed and in 29 months all the coins that have been minted will have been spent into existence. It may be this scarcity event, with no new future supply, that stimulates demand and causes prices to explode.
Either way, we should see tremendous and exciting growth for CloudCoin between 2020 and 2022.
Consortium to formally organize as Swiss e.V.
The CloudCoin Consortium plans to have a formal legal structure soon by associating as a Swiss eingetragener Verein , or "registered voluntary association," governed by Swiss Civil Code.
The Verein will be formed in Zug canton, known as a hub for digital currency and other disruptive technologies.
The Consortium may then formally be known as "CloudCoin Consortium, e.V."
CloudCoin Wallet upgrades available
Developers continue to make improvement to the CloudCoin Wallet software. The latest version (v. 2.1.19) is available now for download . This edition adds additional improvements to the user interface and separates some coding logic to make later changes easier to implement. 2.1.19 has all of the functionality currently planned for the wallet, but other more advanced features will be added in the future.
Video and handbook tutorials are also available to help users master the new software.
A fun "learn and earn" program is underway to reward users for downloading the latest CloudCoin Wallet software, learning about its functionality and providing feedback. There are additional opportunities to earn CloudCoins by sharing your experiences with friends and through social media.
The quantum revolution
There continues to be new advances and developments in quantum computing each week, and CloudCoin Weekly Bulletin will try to keep readers up-to-date.
phys.org: Researchers create quantum chip 1,000 times smaller
Scroll.in: On molecular spintronics (& good overall quantum primer)
Advances in quantum computing continue to be realized much more quickly than expected. Its advent will effectively make all current forms of encryption, the basis of all digital currencies except CloudCoin, obsolete.
Quantum computers rely on quantum mechanical phenomena like superposition and quantum entanglement to radically outperform classical computers, both in terms of speed (possibly 20 million times faster) and sheer dimension (a quantum computer can approach problem solving in ways no conventional computer can). Quantum computing calculations involve qubits rather than traditional bits. While bits are binary (limited to being either a 1 or a 0), a qubit can be a 1, a 0, or anything in between or both 1 and 0 at the same time !
An easy analogy is to imagine a globe of the earth. A bit can be either the point on the globe that is the North Pole (1) or the point on the globe that is the South Pole (0). A qubit, however, can be every point on the globe and every point within the sphere of the globe, all at once.
Do you have what it takes to be a RAIDA Guardian?
RAIDA Guardians operate proxy servers to make RAIDA more reliable and robust, and they can receive 100,000 CloudCoins for participating.
Guardians are a vital part of CloudCoin's global effort to create a perfect monetary system that will increase the freedom and prosperity of everyone, while helping combat authoritarian governments who rely on currency manipulation for their existence.
https://i.redd.it/txcj4bnl36w31.gif
If you are interested in becoming a Guardian, please sign up here for more information and an invitation to a members-only Telegram group.
RAIDAtech completes successful crowdfunding
RAIDAtech , the private company that develops new applications for RAIDA technology, has completed a crowdfunding raise of over $300,000 from nearly 200 small investors. The company conducted a private placement round last year, as well.
RAIDAtech will be officially launching its RAIDA Engage suite of customer engagement/immersion solutions this month at a major smart packaging conference in the Netherlands. The technology allows digital currency (CloudCoins) to be placed in or on consumer product packaging to reward and incentivize customers.
RAIDAtech was founded last year by Sean Worthington and is a separate entity from the CloudCoin Consortium, although RAIDAtech's success will also benefit CloudCoin by expanding utility and value of the RAIDA network's native currency.
Earn CloudCoins & $$$ as a RAIDA Detection Agent
There are still slots remaining for people interested in becoming founding RAIDA Detection Agents.
Operators of these units help make the RAIDA network stronger, faster, and more secure. Operators earn a portion of network traffic revenues, as well as a bonus paid in Cloudcoins. Be advised, however, there are a limited number of special "Founders" opportunities available.
There is also a referral program where you can become a Detection Agent, with zero licensing fees, simply by referring potential operators.
Email [solutions@raidatech.com](mailto:solutions@raidatech.com) for more information about becoming a Detection Agent operator or joining the referral program.
Happy Birthday Jenny McCarthy
Happy Birthday to one of CloudCoin's earliest celebrity backers--author, model, actress and Masked Singer star Jenny McCarthy .
Nearly two years ago McCarthy urged her social media followers (1 million plus) to learn about CloudCoin and read Beyond Bitcoin . She was the first celebrity to be enshrined in Celebrium digital collectibles.
Happy Birthday!
Interested in using your talents to make a difference?
Are you interested in using your talents and experience to make a difference? Do you have a passion for learning about the revolutionary new world of digital currency? Would you like to connect with like-minded, liberty-loving people from around the globe?
Consider joining the CloudCoin Consortium. There are opportunities available in numerous capacities. Whether you can spare a few hours a week or devote several hours a day working from the privacy and comfort of your own home, or are available to join us in our California HQ, we encourage you to apply. If you have experience in any of the following fields, visit our Opportunities page with a resume or CV.
- Social Media pros and community managers
- Marketers and PR experts
- Content creators
- Web developers
- Filmmakers and video specialists
- Graphic designers
- Writers and bloggers
- Attorneys/Paralegals
- Grant Writers
- Software developers/programmers
- Software testers for all operating systems
- Software solutions salespeople
- Minecraft developers/modders
- Electron programmers
- HR/personnel professionals
- Accounting/bookkeeping professionals
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