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NEXUS NEWSLETTER: JANUARY 2018

VOLUME 1: NUMBER 8

JANUARY  11th, 2018

Welcome to the Nexus Newsletter!

Happy New Year and welcome to the first Nexus newsletter of 2018! This last year was an amazing time of positive growth. In 2017 many things were accomplished and the Community has become stronger than ever. We would like to thank everyone for all your hard work and the dedication it took to bring these accomplishments to life and we are looking forward to many great new achievements in 2018.

December was another fast paced month for the Nexus core team: We have been organizing, creating processes and preparing for the next wave of new core team members. We also released official news about the Vector partnership which was a great step forward for our ambitions to bring cryptocurrency to space.

The highlights of 2017 include the Nexus conference, which was a huge success, the announcement of the world’s first three dimensional chain, the formation of a non-profit dedicated to the betterment of Nexus, the official announcement of the partnership with Vector to bring cryptocurrency to space, and various other accomplishments that set the stage to take Nexus to the next level.

In 2018 we are planning to further strengthen and expand the core team, release key new updates to the code base, increase Community transparency and engagement, develop enhanced strategies to propel us into the future, and continue the overall task of bringing our vision for Nexus to reality. Nexus is here to change the world for the better and we are very thankful to be amalgamating such an amazing team to help us along the way.

Once again we are very thankful for the support of the Community as a whole. Without your support this would not be possible and we plan on doing great things in 2018.

Here is a brief update from the development team via Nexus Founder, Colin Cantrell:

Brian Smith and his team at Eidetic Mind have been heading up the development on the Nexus Interface while Colin has been progressing steadily on core. A new wallet was released last week version 0.2.3.4 which smoothed out the network and included some changes to the RPC. We have also been actively reaching out to find more coders to continue to improve the core and speed up development on the run up to the Tritium release.

PR NewsWire & Bitcoin Magazine:

Vector and Nexus Team Up to Bring Cryptocurrency to Space

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On December 20th, 2017 PR NewsWire reports: “Vector, a nanosatellite launch company comprised of new-space and enterprise software industry veterans from SpaceX, Virgin Galactic, McDonnell Douglas, Boeing, Sea Launch and VMware, today announced a partnership with Nexus to host its decentralized cryptocurrency in space using Vector’s GalacticSky Software-Defined Satellite platform. Nexus will be the first company to deploy a cryptocurrency on a satellite orbiting the earth.”  The Newswire went on to describe the use-cases the collaboration will provide for both parties including highlighting “the partnership allows future Vector customers to pay for launches using Nexus’ cryptocurrency, NXS”.

“With Bitcoin’s valuation at an all-time high, people are beginning to accept cryptocurrency as a real form of payment, but there are still problems with storage and ownership,” said Colin Cantrell, Founder and Chief Architect of Nexus. “The capabilities provided by the GalacticSky platform, combined withthe flexibility of Vector’s launch model, bring us one step closer to accomplishing our mission of providing the world with a decentralized currency that can be accessed virtually anywhere, anytime.”

An article in Bitcoin Magazine went on to elaborate on what Nexus aims to do in the future:

“The future of Nexus combines satellites, ground-based mesh networks, and blockchain technology to facilitate the formation of a decentralized internet,” notes the joint press release. “Nexus is building the foundation to broadcast the blockchain and Nexus Network from space,” adds the Nexus website.

Shortly after the announcement of the partnership, Vector released these “First look” drawings:

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Rendering of a prototype GalacticSky Software Defined Satellite. Dimensions; dish 1/2 meter, center chassis and panel segments are 15 x 30 inches (roughly the size of a mini-tower desktop computer). Coming soon. Photo Credit: Vector’s Twitter

 

Read the rest of the PR News Wire Press Release here: http://bit.ly/PRWIRE

Read the rest of the Bitcoin Magazine article here: http://bit.ly/BitCoinMag

Syndicated feature on Nasdaq:  http://bit.ly/2CISjtu

We Are Nexus!

Nexus on RightBTC

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Today; Thursday, January 11th, Nexus was listed on RightBTC, Duabi’s first global coin-to-coin exchange. The trading platform is Dubai’s #1 exchange with an average trade volume of $20 million per day. Those looking to acquire Nexus on the exchange can use Bitcoin (BTC) or Ethereum (ETH).  

RightBTC, among other things, is committed to low trade fees.  They recently shared their strategies with Nexus: “We have been carrying out RightBTC Trading Fees Discount activity from Jan 1, 2018 – Jan 31, 2018, Dubai time for registered users of RightBTC. During the discount period, the trading fees for all trading pairs will be reduced to 0.1%. There will be no change in minimum transaction fees.”

“RightBTC is designed to be the first class exchange worldwide with relatively lower trading fees. We plan to hold further trading fees discount activities to give back to old and new customers in the near future. RightBTC would like to cooperate with excellent blockchain projects for win-win results as well. RightBTC has extremely stringent listing procedures, therefore, only eligible projects that pass due diligence could be listed on RightBTC.”

In several recent news publications including the Wall Street Journal and Forbes, Dubai disclosed its efforts to become the world’s first blockchain based government including plans to process over 100 million documents each year on the technology.

“With the world’s first 3D-Chain, advanced contracts and commitment to speed, security and scalability, Nexus is dedicated to having a prominent presence in Dubai and ensuring the country knows what we have to offer that can significantly propel their blockchain goals forward,” said Colin Cantrell, Nexus Founder and Chief Architect.

Speed, Security & Scalability = Nexus

Read the PR News Wire Press Release here: http://bit.ly/PRNewswireDubai

Syndicate feature on Yahoo Finance: http://bit.ly/DubaiYahooFinance

Syndicated feature on Market Watch: http://bit.ly/DubaiMarketWatch

New Additions to the Nexus Team:

Colin Forbes, CFO & John Saviano, Graphic Design

Colin Forbes, CFO:

Colin Karewa Forbes is a self-proclaimed Evolutionary Businessman & Educator.  He began his career with Ernst & Young CPA’s, and has since worked in accounting and executive management teams for various public and private, profit and non-profit enterprises for more than 30 years.  His dedicated intention to his own personal evolution combined with his business experience led him to live and work on six of the seven continents in the world and have uniquely qualified him to walk at the forefront of movements which advance the evolution of humanity.  The Nexus Embassy is such a movement and his passion and expertise will be dedicated full force to the harmonization and success of this amazing evolutionary endeavor!   

John Saviano, Graphic Design:  

John graduated from the University of Illinois at Urbana-Champaign. While earning his degree in finance he simultaneously began to pursue his passion for art, design and music which led to establishing his own creative studio. With over 15 years of experience providing graphic design, web design, branding and marketing services to B2B and B2C clients, he has developed a versatile design aesthetic that can adapt to any industry. John has worked on projects for Britney Spears, Sony, BMG, Interscope, and Bergdorf Goodman. His art has been shown in Marshall Fields Look Gallery (now Macy’s), and his t-shirt designs have been worn by Fergie and David Guetta, ultimately leading to a t-shirt collaboration with David Guetta. With his desire to help change the world, Nexus is the perfect home for John, providing him the opportunity to fully utilize his knowledge of finance combined with his business and creative skill sets.

Tools we Love: 


At Nexus, we’re continuously impressed with the innate intelligence and creativity of the people in our community—it’s a pleasure to work with you every day. We’re adding a new feature to the newsletter where we’ll be featuring different tools every month. They are tools that help our people run their lives pristinely, from investment trackers, to ways to organize and get inspired. Please give us your feedback on your favorite tools for crypto, blockchain and those that have simply make your life more amazing.

Please send your favorite tools and feedback on the ones listed to tools@nexus.io.  

Disclaimer: These are products recommended by the Nexus Community at Large. The Nexus Embassy will never give investment advice.

1) Fiatleak:

Category:  Crypto Education

Website: fiatleek.com

Fiatleak has created a website where you can view all the individual Bitcoin (BTC) investments as they flow into the market, by country. We love watching which countries are most active at any given time or when larger streams of instruments are flooding in. It also has a bell that you can set to alert you when individual BTC investments come in over a certain limit.

2) BitLy

Website: Bitly.com

Category: Business Tools

BitLy is a handy business tool for shortening your web links. It shortens links down to a few letters and numbers handy for things like twitter and newsletters (see examples in this newsletter). Not only can you shorten links with BitLy, you can customize them. The site also provides valuable tracking tools useful for observing things about your audience like how many clicked the link per day and what countries they are clicking from.

3) Coin Tracking

Category: Crypto Organization

Website: cointracking.info

We all know that tracking crypto trades and investments is a hot topic as the tax laws and regulations continue to be put in place around this newly evolving industry. Investment Tracker is a way to keep track of all your trades across different exchanges in one place. Very handy when it’s time to pay your taxes!

4) Ray Dalio’s Principles:

Category: Motivation and Organization

Website: Principales.com (audio available on audible.com)

Ray Dalio founded Bridegwater Associates in 1975, which, according to Fortune magazine, grew into the fifth most important private company in the US. Dalio has also been named to Time’s 100 most influential people in the world. How did he get there? He discovered a set of principles that have led to Bridgewater’s highly effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through transparency.” Not only have these specific principles inspired many in our community, but they have inspired the discovery of our own principles that have served us endlessly.

Community Contributions:

Alex El-Nemer: RightBTC

Alex El-Nemer played an instrumental role in getting Nexus listed on RightBTC.  Alex will also be representing Nexus at the Dubai Blockchain conference in January, continuing his efforts of building Nexus’s presence in the United Emirates. Thanks for all of your efforts in the many Nexus projects you’re involved in Alex.

April Bunje (Chambermaid on Slack): General Contributions

The Nexus team would like to give a special thank you to April Bunje for her continued and ongoing involvement in assisting Nexus with the completion of so many projects. Great work April.

Nick Earl (bibbityjibbity on Slack): Support Channel

We’d like to give a very big thank you to Nick who has helped many of the Nexus Community members within the support channel. He has also taken time to write instructions on how to download the Nexus wallet and troubleshoot it once it is in use. Thank you Nick!

Alberic and Bugsdx (Slack names): Translators

Thank you to Aleberic and Bugsdx for their great work of late on translating the FAQ and white paper and helping us to grow our international education of Nexus.

Closing:

We hope everyone had a wonderful holiday season with their family and friends and an incredible start to the New Year. We’d like to thank everyone from the Community for an incredible 2017 and look forward to changing the world together in 2018!

Thank you –

The Nexus Team

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NEXUS NEWSLETTER: DECEMBER 2017

VOLUME 1: NUMBER 7

DECEMBER 8th, 2017

Welcome to the Nexus Newsletter!

November was a busy month for the Nexus core team as we continue to move our various projects forward. Growth of the core team itself has slowed as we are now looking to consolidate the growth in our numbers into strong organizational capabilities. Overall the strategy remains the same – to create a great core team that is augmented by the best Community members in the world!

We recently released a new Community-created FAQ document, and we’re really proud of the Community members who created it. This stands as a testament to the power and ingenuity a strong Community can provide. Nexus is highly focused on developing strong Community involvement as it will greatly help us in our mission to create the best digital currency in the world.

NXS was recently added to Stocks.exchange providing Nexus users the capability to make trades from their mobile devices for the first time! The Nexus core team and the Nexus Community remain highly committed to Nexus being added to as many exchanges and wallets as possible, and this represents clear progress being made on this front. We will continue to diligently work towards these goals until NXS is ubiquitous throughout the digital currency space and beyond.

Progress continues on the marketing side of things as we are constantly working to develop innovative ideas and strategies to help people understand a highly complex project like Nexus.  Nexus is about changing the world by giving people tools that can be utilized in a beneficial way to affect positive change in the world. We see a future that is more free, more convenient, more open, and more abundant for all. Nexus will continue to broadcast our story around the world for all to see and will tailor specific messages to various constituencies in order to help them truly understand the project.  As our reach continues to expand, we will become better at relating to people as we receivemore and more feedback on the messaging we are emanating. We recently surpassed 10,000 Twitter followers which is one manifestation of the increase in our concentrated marketing efforts.

We are very happy with how things have been progressing since the successful conference we hosted in Aspen this year. Nexus core team members as well as Community members continue to perform very well in moving key aspects of the project forward each day. All good things take time to create, and Nexus is building the peer-to-peer framework of the future that solves the key challenges in the space. The core team is growing, the Community is stronger than ever and we are committed to the ongoing development of the best project in crypto.

Here is a brief update from the development team via Nexus Founder, Colin Cantrell:

Wallet version 0.2.3.3 is in pre-release addressing the delivery of work to miners and improved consensus code in Unified Time. We are also in the development of a native mobile app, and developing the Tritium modular interface for easy deployment of modules in the soon-to-be module store.

Nexus Market Cap Growth

Over the past year the market cap of NXS has grown from $1.3 million on December 6th, 2016 to $101 million on December 6th, 2017, a 7607% growth rate. We believe this growth rate reflects our strong community, advanced technology, passionate team, and dedication to affecting positive change in the world.

We are Nexus! 

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                         Nexus on Stocks.exchange

Nexus Earth (NXS) is now listed on Stocks.exchange, an exchange that enables users to buy and sell Nexus from their computer or iPhone using their iOS app. The application can be downloaded from the App store and also has an Apple Watch application where cryptocurrency activity can be viewed and monitored daily.

Make sure to visit us on this new exchange that puts Nexus in the palm of your hand:  https://stocks.exchange/

Binance Winners

Thank you to everyone from the Community who participated in the vote to get Nexus listed on the Binance exchange. The vote took an outpouring of effort. In order to thank those that participated, Nexus held a drawing of three winners chosen at random to receive 1000, 500 and 250 Nexus. The Nexus team also rewarded 10 members of the Community who referred the most participants to the Binance vote a sum of 100 Nexus each.

The drawing winners were selected through Google’s Random Number Generator in the order we received the entries. Those winners were: Kevin Smith – kevsmif80 (250 NXS), George Papadopoulos (500 NXS) and Pete Kay – blockheadtwo (1000 NXS).  The winners of the referral program were (slack names): siddh008, mrprobz, calin, mnafta, Alext01, ss36, hakimnas, robinhaung9876, mike.casey, and Jules.  Thank you all for your valuable contributions.

FAQ Document on the Website

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The Nexus Community compiled a list of Frequently Asked Questions and answers packed full of information on the subjects of Nexus, cryptocurrency, and blockchain located on the nexusearth.com website. The resource details many of the the technologies that drive Nexus including the 3DC architecture, LLD, and extended hash and can be utilized by those new to cryptocurrency and blockchain to experts looking to learn the inner workings of Nexus.

Speed, Scalability, & Security = Nexus

Check out the FAQ document here: http://www.nexusearth.com/faq.html

Nexus Reaches 10,000 followers on Twitter:

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The Nexus Earth Twitter account, @NxsEarth, reached 10,000 followers on December 1st. We love our growing community of active followers and participants. Thank you for your participation.

Make sure to join us on twitter for all of the latest updates at: https://twitter.com/NxsEarth

Community Contributions:

Nexus Pod’s update:

From The Nexus Hub, introduced in previous newsletters, we’ve formed several pods that have gotten together and created everything from content documents to facilitating Nexus getting listed on exchanges. Each pod has a specific project that they work on for a period of time created from and driven by the pod’s passions.

We wanted to extend a big thank you to Pod 1 for the extensive work that went into creating the Nexus FAQ document. Their knowledge of Nexus will help to inform so many. Thank you pod 1!  Nexus would also like to thank members of Pod 3: The Exchange Pod for working to get Nexus listed on Stocks.exchange, especially (slack handle) Mr. Probz.

Nexus Meetups around the world:

Community member Anastasiya Sergeyevnagave a talk at the Philadelphia Bitcoin Meetup on Nexus: How it works and its advantages.  Anastasiya works for two blockchain companies in addition to being a very active member and contributor to Nexus. Thank you Anastasiya!

Check out her very informative talk here:  https://youtu.be/Kw3mYdFubfA

The Nexus Community had a Meetup in Sydney, organized by Mike Casey. We love seeing Community members taking an active role in their local communities.

Steemit article: Nexus delivers a NEW LLD Wallet update with staking improvement:

Community member seymourmac contributed an article on Steemit highlighting his experience with the Nexus LLDwallet update.  The article covers his process downloading the wallet update in addition to his initial experience operating it.  Thanks for the article seymourmac.

Check it out here: http://bit.ly/2izDb9X

Closing:

We hope everyone has a wonderful holiday season with their family and friends. We thank everyone from the Community for an incredible 2017 and we look forward to changing the world together in 2018!

Thank you –

The Nexus Team

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NEXUS NEWSLETTER: NOVEMBER 2017

VOLUME 1: NUMBER 6

NOVEMBER 6TH, 2017

Welcome to the Nexus Newsletter!

Progress on the Nexus project continues apace, the core team continues to grow and following a very successful conference we are now stronger than ever as a Community. We have more people working on marketing, more people working on code, more people focused on business development, and more people working to organize our various online communities. This work includes developing a comprehensive strategy that includes plans for various areas of development through the end of 2018 for both The Nexus Embassy as well as the wider Nexus Community.

These plans include but are not limited to: An omni-channel marketing strategy, Nexus core software development, Nexus Hub development, Business development (exchanges – wallets – use Cases for various Industries), and other areas that are key to making the entire ecosystem run. Nexus is a large project and we are working everyday to grow and organize the team, envision future strategic direction, and connect with business and opinion leaders who are ready to change the world.

Following the post-conference Newsletter, The Nexus team had a very successful YouTube live on Thursday, October 12th with many of the core team present. The team gave a brief update of what’s been happening with Nexus and took questions from the Community. Colin introduced Brian Smith who has come onto the Nexus Core as a full-time Developer, bringing with him a team of five additional developers that are also working on Nexus.

The Dev team has been getting Tritium polished and ready for the Tritium Trust update, finalizing some of the architectures and formulating Nexus’s plans to unlock the 3-Dimensional Chain (3DC) through the TAO framework. They have also been setting up an agile framework to enhance the Nexus organizational tools for the team. The YouTube Live went on to cover some of the things different members of the team are developing as well as taking questions from the Community. We have highlighted some of the Q&A in verbatim transcripts at the end of the newsletter.

For more details, check out the full version of the YouTube Live:

https://www.youtube.com/watch?v=2lrRAMCEMG8

The marketing team has been working to bring the newly developed omni channel marketing strategy to life – these are the same strategies used to market the conference and now they are being adapted to the platform as a whole. This includes all forms of communication emanating from the core, with key input consideration given to the Community as a whole. We take Community input seriously and work to integrate the best ideas we find no matter where they materialize from. Nexus is a very complex idea and when considering a marketing plan there are many dynamics to recognize; many people have different levels of understanding so the messaging needs to reflect this. We are working to take very complex ideas and boil them down into simple messages that make sense and help people understand how advanced Nexus truly is.

On the business development side we have been working to expand into new exchanges and wallets and are also working on various ways to integrate into economic ecosystems. For various reasons, cryptocurrencies are becoming much more popular, and we are constantly searching for new ideas and opportunities to work with people to help them understand the advantages of utilizing these technologies.

Since the last newsletter, significant progress has been made and we will continue to push the envelope each and every day. Blockchain is one of the fastest paced and most exciting technologies on the planet and Nexus will continue to surprise!

We have included an additional development update from lead developer and founder of Nexus, Colin Cantrell on the recent Wallet release 0.2.3:

Wallet release 0.2.3 contains many updates to the core code including Unified Time, Staking, Network Reliability, and RPC Commands. This update is the first step in the incremental development updates that can be expected from here forward. We have decided to improve the development strategy by creating more frequent updates more often to create more consistency in the development roadmap, without needing for hard dates. This will give everybody a better idea of the development timelines as they see more updates happening with certainty. The next update will include changes to the LLD syncing and loading system, GUI improvements, and eventual soft releasing of base Tritium features such as signature chains.

We hope this new strategy helps everyone see more consistent progress rather than the previous approach of larger updates in longer timelines. We look forward to hearing your feedback, and if you have any issues with this current version feel free to let us know and we will make sure to include fixes to bugs, improvements to the user experience, or feature requests for newer wallet releases.

Thank you for your continued support.

3-Dimensional Chain (3DC) Simplified: Paper by Community Member Garrett Steele (Spaid on Slack)

Thank you to Nexus Community member Garrett Steele (Spaid on Slack) for his extraordinary article titled “3-Dimensional Chain Simplified”. The Nexus Core participated in bringing it to fruition and helping to spread the word about the FIRST 3D-CHAIN, which solves the ongoing blockchain problems of speed, security and scalability. This paper delves deeper into the architecture. Community support is what makes Nexus spread, so please hop in and show Spaid some love. Please enjoy. NEXUS: THE WORLD’S FIRST 3D-CHAIN!

Garrett’s contribution can be found here:

https://steemit.com/bitcoin/@gjsteele71/the-nexus-three-dimensional-chain-simplified

Nexus Hub:

Necessity is the mother of invention, and the Nexus Hub is a new idea we conceptualized to help organize Community members who are eager to help out with the project. We are very excited about this initiative and the implications for decentralization and the utilization of the amazing minds in our Community. Two of our Nexus Core members have worked to lead the creation of this powerful resource: Jacynda Smith and Mike Casey. People looking to be a part of the Nexus Hub can go to our Nexus Earth Facebook Page here:

https://www.facebook.com/nxsearth/

or click this link:

https://docs.google.com/forms/d/e/1FAIpQLScVaALt6Fzc03ICUq8bFr6eIBCzajX4nGr_XXPCP65bbTCI-A/viewform

Those interested can answer a series of questions. Then, with your permission, you will be placed in an approximately 8-person pod. Each pod will have a focus based on the talents and passions of the individuals that make up that pod. We like to think of these pods like nodes in a network, working independently but all connected and working towards the common goal of changing the world via Nexus. The Nexus Hub is experimental and we are working on processes to facilitate this undertaking, so remember we are building this together and we will need your help. With the proper amount of effort and patience we can demonstrate how to organize a large Community of people towards a common goal in a decentralized manner.

Highlighting our Community: April Henderlong (Aries on Slack) &

Garrett Steele (Spaid)

Out of their love of Nexus and to help spread the word both Spaid and Aries have stepped up in a great way. Spaid took the initiative to draft an interpretation of the 3D Chain (3DC), as mentioned previously, and Aries has been behind the scenes creating graphics for many things including the Binance (BNB) submissions and the Nexus Hub. We appreciate her dedication working at all hours to make Nexus stronger.

For their contributions we are rewarding each of them 111 Nexus. We know that during the infancy of crypto, rewards and tips were some of the biggest transactions, and we would like to keep that crypto tradition alive. Congratulations and thank you Aries and Spaid.

We are pleased to announce that we will be celebrating and rewarding Community members going forward, and look forward to announcing details in future newsletters.

Nexus on UpBit: South Korean Exchange

We are also pleased to announce that UpBit, the South Korean exchange and mobile app, has added Nexus to its trading database. Bittrex is collaborating with Dunamu to launch UpBit in the South Korean exchange market, and all 111 cryptocurrencies that are currently listed on Bittrex will be integrated into the exchange. Look for us there, South Korea! Find Nexus here when it goes live on UpBit: https://upbit.com/exchange?code=CRIX.UPBIT.BTC-NXS .

Read the full article here:

https://themerkle.com/kakaos-upbit-exchange-will-support-100-digital-currencies/

Slack Update:

Some Community members newly looking to join our Nexus Slack might have experienced trouble with our auto-invite option this past week. Spam bots infiltrated our Slack. We took countermeasures to ensure we have fewer bots joining, and spam is at a minimum. We are happy to announce that we resolved the issue with Slack, and we are up and growing our amazing Nexus Community. WE ARE NEXUS!

Texas Bitcoin Conference with Nexus

Dionna Bailey, Ambassador for the Nexus Embassy, represented Nexus at the Texas Bitcoin Conference in Austin, TX October 28th & 29th. Nexus had a booth set up for people to come by and learn about Nexus. Dionna also made a speech on behalf of Nexus on Saturday, “Beyond Bitcoin.” She educated her audience about what differentiates Nexus from other cryptocurrency and blockchain technologies, and spoke about how Nexus has changed her life.

You can watch Dionna’s full speech here:

https://youtu.be/GsRUWtPcJbc

Nexus Reddit Update

Thanks to a huge Community drive we are proud to announce that our subreddit, (r/nexusearth) has just passed the 1,000th subscriber mark. A special shoutout to Preston Smith (Pdogg on Slack), Mike Casey (MikeCasey on Slack), Scott Simon (SS36 on Slack) and Glen Luyckx (MrProbz on Slack) for being active and answering questions. This is a big Community milestone for Nexus.

 

Nexus Conference Highlights: At a Glance (continued) & New Developments

 Dave North, “The Blockchain: Changing the World of Business”

A very impactful talk at the Nexus Conference came from Dave North, President and CEO of Sedgwick, the largest insurance provider in the world. Dave has over 35 years of experience in risk management services and is a frequent speaker at conferences of Fortune 500 companies around the world. Dave is a celebrated repeat entrepreneur and thought leader and we were honored to have him at the Nexus Conference.

Dave North said he was at the Nexus Conference because “he wants to be in the room where it happens.” He then described what he deemed the antiquated insurance claims process. Why? He believes blockchain will be the solution to revolutionize the industry. He is currently working on a board with approximately 30 insurance providers to address how blockchain can modernize and streamline the insurance industry. He noted that “if he doesn’t figure this out, someone else will,” and that he, like the industry, will become outdated. Dave’s talk was very inspiring and well crafted as he addressed how hard people work to get to the pinnacle of their industry. Then they have to work twice as hard to stay there. Dave had some advice for Nexus and the blockchain world: Ensure we speak at Fortune 500 companies’ conferences and spread the word that the blockchain revolution is here and teach the world how to use it. Let’s get to work solving the world’s problems. We couldn’t agree more, Dave, and together, Nexus is ready to change the world. Thank you for the inspiring talk.

Here is a link to watch Dave North’s full speech:

https://youtu.be/_6Kx4gPNZS4

Peter Schiff vs. Max Keiser Debate: Bitcoin Bug vs. Gold Bug

Bitcoin rose in market capitalization this week. It hit a high just over $121 billion surpassing the worth of Goldman Sachs or JPMorgan and feeding the ongoing media debate of gold vs. Bitcoin. Peter Schiff (of CNBC) and Max Keiser (of The Keiser Report) faced off in this debate, moderated by Stacey Herbert at the Nexus Conference in Aspen.

The debate started with a comparison of Peter Schiff to Jamie Dimon. Peter spoke of his disagreement with Dimon, who doesn’t see current risks in our financial system or the dollar. The debate then covered how people view Bitcoin versus how they view gold. Schiff described buying gold as a store of wealth. Keiser said gold is a safe haven, as Bitcoin is a safe haven, in that it fills the requirements of a safe haven. Schiff debated the point, stating that because Bitcoin is so young, it has no track record and is a risk asset. He noted that Bitcoin could be at $5,000 next week as easily as $3,000, and therefore, how is Bitcoin safe? (Bitcoin was at approximately $3500 at the time of this debate.) Bitcoin is the most risky asset in existence right now, he noted further.

Max Keiser stated that gold was as unique as Bitcoin. Schiff countered, saying that there are other cryptocurrencies more valuable than Bitcoin, but there is no metal more valuable than gold. Keiser said that was Schiff’s opinion and not fact. Schiff noted that there will be so many more cryptocurrencies that will come around, and some may be better than Bitcoin. He asked who knows what the supply of Bitcoin and Bitcoin spin-offs (like Bitcoin Cash) will be, not to mention all the other cryptos that will inevitably come along. The supply of digital currency is huge. Max Keiser argued that the market is supporting this large supply because of the problems in the banking industry that Bitcoin addresses. Schiff commented that there is “ a lot of demand because there are a lot of fools trying to get rich, but that the supply is going to overwhelm the demand and the price is going to collapse.” He asked Keiser what the lowest price was that Bitcoin could fall to, and Keiser replied that that’s a function of the cost of mining, which is approximately $1000 per Bitcoin. Just like in the mining industry, when the cost of mining is more expensive than the value of what you are mining, mining stops. Schiff said that at that point, creating supply stops, yes, but you still have a huge supply already in existence. Keiser replied that supply will not outpace demand and cause a crash, as we have only scratched the surface of demand for cryptocurrency due to the hundreds of trillions of dollars in derivatives that are collapsing around the world and the debts that are skyrocketing. Of course they have to collapse because you cannot move to negative interest rates, he noted. You can’t incentivize people to lend money to the government at a guaranteed negative rate of return.

The debate became quite heated, with lots of great points made. Watch the entire debate here https://youtu.be/cP1pSR1O44w Following the Nexus Conference and this debate, Goldmoney – the company Peter Schiff is an investor in and advisor to – went on to offer clients the opportunity to purchase gold and other metals with cryptocurrency. In a letter to its customers, Goldmoney stated: “From today, Goldmoney clients with full verified holdings are able to fund their holdings using digital assets, such as Bitcoin and Ethereum, to purchase precious metals.”

 

 

Roger Ver announces FreeSociety.com

Roger Ver (Bitcoin.com) came to the conference with breaking news, releasing a new project he is working on, FreeSociety.com. In speaking with Ver just before his talk, he informed Nexus that he had decided to switch the topic of his speech just prior, from Bitcoin Cash, to announce FreeSociety.com, his next step after Bitcoin.

FreeSociety.com is purchasing sovereign land from a government to create the world’s first Libertarian country. Roger Ver (Co-Founder) and Olivier Janssens (Founding Father, CEO), early Bitcoin adopter and Libertarian, are the founders. Ver talked about being a voluntarist, someone who thinks that all human interactions should exist on a voluntary basis – or not at all – and how this will be important for participants of this new society. They have been speaking with many different governments who were all very interested. Ver spoke to what this Free Society can do for these governments, including clear their national debt, provide financial prosperity by providing economic freedom, and provide tremendous employment opportunities. They have over $100,000,000 in US capital committed to the project, raised from many libertarians that have made money in the cryptocurrency space and who are dedicated to the vision. Ver took audience questions but was not ready to reveal too many specifics. We look forward to hearing more and following this Free Society at https://www.freesociety.com.

Here is a link to watch Roger’s full speech,

https://youtu.be/9RK8CPdZ6B8

YouTube Live: Thursday, October 12th Q&A Highlights

These are some highlights from the YouTube Live that took place on October 12th with some members of the Nexus Core team. (The Q & A’s are transcribed verbatim)

Q: “Will Tritium release with a mobile wallet and can we expect any NFC functionality in the future?”

A: “We have been working with the Coinomi Wallet for a little while, and it’s a bit of a process to set up but that should be happening soon. That will be an Android functioning wallet. Tritium is coming along really well with Brian’s team working on the framework and the GUI. It’s written in HTML CSS JavaScript so it’s web compatible as well. One of the ultimate goals is having a reverse proxy. It’s really hard to get a wallet on an Apple IOS and it has to be signed by Apple’s key’s, same with Androids, so Nexus wants more specialized wallets. This will take teams of developers, which we are always looking for. But the simplest way of thinking of it is being able to work with your web browser and remotely connect with you wallet even if you have for example, a mining node on a server you can just connect directly to that to connect directly to your computer and it’s all encrypted and should be secured. We are bridging that right now instead of having to deal with resistance from working with Apple.”

Q: “Can you explain what separates the Nexus 3DC from a traditional (1D) blockchain?”

A: “Essentially, Bitcoin is a glorified linked list, like for a computer program, which means that every block links to itself. Every new block has to have that link previous to it hashed in there, so that work itself is done. You can’t rewrite all of that data. But its one dimensional in that it’s like a flowing river and if you have more water that needs to flow through that river, it’s going to back up and create a dam. So what we are doing with the 3DC is allowing it to expand out in multiple directions as it’s needed (as opposed to just one direction), but they will be chained that way too (so it’s chained out on three planes) and be weighted down and up with the Trust and the actual computation. We are also removing the mining pools from it by making it a decentralized mining pool where the miners can do the processing. The 3DC also has three different tiers or layers of verification. Your transaction locking done at the base, which can be done on cell phones around the world, which is something we are working on formalizing at Nexus. Not everybody has money, but everybody has time.”

“The staking system that we have now with the Trust System we have now building up your Trust and interest rate was your first step in that. But then we are like transactions can be free and people can run this app on their cell phones. Some people in Africa have cell phones but they – don’t even have fresh water, so that’s something that really puts it (the technology) in everybody’s hands. The locking happens on that, and then you have the Trust Level Locks on the Second Level with the Merkles, and then the Miner Level Locks on the top (Third Level Locks) that are verifying the same data themselves and agreeing upon that data creating a mining consensus instead of one hash rules all. So the cool thing about this too is as the contracting systems evolve, like they are evolving on the Tritium code base and they are obviously going to be expanding on Amine Vault and then Obsidian Mine is that miners are doing a lot of work so a lot of the generic processing like Bit Wise operations or Arithmetic or anything else like that can be done by miners and cross links to the the contracts can be processed in three steps. So memory requirements can be done by the Trust Nodes and then miners can be doing a lot of the actual generic processing, which is really cool because that architecture allows us to create a truly distributed computing model instead of a flood giant network computer that has to process the same thing over and over again. This really allows us to open the doors to organic scalability where the node count builds the scalability rather than reduces it.”

Closing:

This concludes our November Newsletter. We send our warm wishes for a Happy Thanksgiving with your family, and look forward to communicating with you next month.

Kind Regards,

The NEXUS Team