At Qbix, we built our platform to run on PHP, because that’s the environment most hosting companies around the world supported. Facebook was built on PHP, as well as WordPress, which powers 40% of all websites in the world. Around 2018, we made a decision to build the Intercoin Applications in Solidity, that compiles down to the Ethereum Virtual Machine, or EVM. The vast majority of smart contracts have been targeted to this compilation target, so it’s not surprising that EVM is so ubiqui...| Intercoin
The Role of Banks Most of what we have been using as money is issued by banks, in the form of credit to businesses and consumers. Banks originate this money after having underwriters rate the creditworthiness and solvency of the business or individual they are lending to. During boom periods, as economic activity grows, borrowers can qualify for larger loans – which expands the money supply. During recessions, especially depressions when people lose their jobs, the money velocity slows as p...| Intercoin
Banks, Bitcoin, and UBI: Three Competing Money Systems People often think the way money works is fixed. It isn’t. Over the last century we’ve seen multiple systems rise and fall, each with its own strengths and weaknesses. Right now, three very different models are competing for the future: --- 1. Banks: Money from the Top Down How it works: Banks create money by issuing loans. When a bank approves a mortgage or business loan, it’s essentially typing new deposits into existence, constra...| Intercoin - Latest posts
Introduction: From Bancor to Intercoin At Bretton Woods in 1944, John Maynard Keynes proposed the Bancor — a supranational currency designed to settle trade balances between nations. It would have provided a neutral, algorithmic clearing mechanism. Instead, the U.S. dollar became the global reserve, and later the IMF introduced Special Drawing Rights (SDRs), a synthetic reserve asset tied to major fiat currencies. But SDRs remain rationed by IMF allocations and serve governments, not people...| Intercoin - Latest posts
Markets Without Workers: From Rentier Capitalism to Community Issuance For most of modern history, capitalism and socialism operated under the same assumption: employers needed human employees. Wages were the channel through which productivity gains flowed into society. Whether you sold your time on the market or had it allocated by the state, work was the anchor. But that world is fading. Automation, offshoring, and financialization have unmoored the link between labor and livelihood. To und...| Intercoin
Intercoin: The Internet of Local Currencies A Global Reserve Infrastructure for Communities Abstract Intercoin introduces a decentralized monetary infrastructure designed to empower local communities while ensuring global interoperability. Unlike speculative cryptocurrencies, Intercoin’s reserve asset (INTER) is not for individuals or traders. It functions as a transparent, non-speculative settlement layer between communities, enabling them to issue and govern their own currencies, run t...| Intercoin
The key is here… because finding what is effectively hash collisions has become feasible for some types of hashes: They were able to come up with a malicious program that, if presented with its own hash as the secret input, could compute the random challenges and then arrange its internal workings so the spots being challenged would pass inspection. The verifier would see no reason to doubt that the program really did output what the prover claimed, even though it did not. What’s more, th...| Intercoin - Latest posts
This thread can be used to catalogue all the recebt regulatory decisions about tokenizing Real World Assets on the blockchain. Let’s start with the recent decision from the UAE: and the SEC is considering some proposed frameworks: https://cointelegraph.com/news/robinhood-sec-tokenized-rwa-framework-proposal| Intercoin
The SEC is known to move at a glacial pace. They took years to publish the rules for the JOBS act after being mandated by Congress, and even sued companies like Tumbler after they have ceased to operate. But now that Trump released memecoins, this one was quick: Who knows what the next administration will bring. Changing administrations tend to change the rules established earlier. But the point is this… Law or no law, we developers have a responsibility to the users of the ecosystem we bui...| Intercoin - Latest posts
Given recent events, perhaps a good way to begin our look back at what Intercoin Inc. has accomplished is by putting it in a larger perspective of the technology sector as a whole. In the last few years, individual tech investors had a growing choice of vehicles, ranging from tech stocks to cryptocurrencies, ICOs to meme coins and NFTs. During frothy bull markets, various well-known companies adjacent to the crypto space offered sizable “yields” on money invested with them. But ultimately...| Intercoin
We started Intercoin because we saw that Satoshi’s vision of a “peer-to-peer cash” needed a different architecture. Indeed, Bitcoin may be a store of value, but as a medium of exchange, well… I am old enough to remember when people still thought Bitcoin was going to be a medium of exchange, until around 2013. But ever since some drunk trader misspelled “HOLD”, the narrative around Bitcoin has shifted to “store of value” I’ve also seen other projects falter, including the amb...| Intercoin
This article continues our series on how Intercoin helps you raise money for your projects. The previous installment was here: Four Kinds of Investment People can invest at least four kinds of resources: their time, data, social capital and money. Just as in sales, you’ll benefit from having a value ladder that begins with you giving free value first – products and services you can deliver at almost zero marginal cost to yourself, such as digital web services you’ve already prepared. Th...| Intercoin
Raising Money Being able to raise capital successfully can make a big difference for any project. But raising capital is not easy. Many great initiatives fail because the founders don’t have the connections or the ability to convince investors to raise enough capital. There is much in common between convincing people to become investors, and convincing them to become customers. That’s why sales techniques and training can be very relevant and greatly increase an individual fundraiser’s ...| Intercoin
Growing a Community Around Your Brand Whether you are known as an entertainer or an educator, whether you speak in front of audiences, or simply organize events, you know how challenging it can be to grow your community and your brand: Getting good turnout for large events Having your audience re-share your content online Building a movement around your brand and your ideas Having people learn about your new initiatives and raise money to support them Rather than having to do everything your...| Intercoin
Following Gary Gensler’s departure, the new charieman of the SEC, Mark Uyeda, has announced that Hester Peirce will lead a new cryptocurrency task force. It’s about time: https://www.sec.gov/newsroom/press-releases/2025-30| Intercoin
It’s possible that, after legal counsel, the Labs decided that the best way to get regulatory clarity would be to bait the SEC with this proposed rule change, not fully implement it, and then deal with a lawsuit while the UNI token is as it has been for the past several years.| Intercoin
“Gamers shouldn’t need to rely on a calculator anytime they want to make an informed decision on how much they want to spend. The money they spend should be displayed in real money and deceptive practices must be stopped.” Intercoin is designed to make this part simple. They identified the following areas of concern: Consumers cannot see the real cost of digital items, leading to overspending: the lack of price transparency of premium in-game currencies and the need to buy extra currenc...| Intercoin
SEC served a Wells Notice to OpenSea: https://www.thestreet.com/crypto/markets/sec-targets-nfts-as-securities-in-looming-opensea-lawsuit Do you think NFTs are securities? Reminds me of this Bloomberg article: https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud| Intercoin
A few weeks ago, I went on a trip to Roatan with a few people, including Mark Edge whose libertarian show Free Talk Live first introduced people to Bitcoin (and Intercoin too). We ended up meeting not one, but two billionaires, working to make a difference in the world. Here are some photos from the trip. DUNA residences on Próspera have really come along, and now boast coworking spaces: On Roatan Island and residences: The beach club on Roatan had a lot of libertarians gath...| Intercoin
Empowering People. Uniting Communities. Qbix works with communities to release their own local social network, and help gradually onboard all the administrators, members, and guests. This lets people connect over common interests, date, make reservations at local establishments, get group discounts with local merchants, and so on. Meanwhile, the community could get statistical reports on how people are socializing. Intercoin was launched in 2017 with the same vision – work with communities ...| Intercoin
StatsContract Intercoin has developed a smart contract library to collect statistics about on-chain operations, such as payments and transactions in a community. It lets other smart update() its statistics, such as daily and weekly averages. Addresses can be tagged with one or more tags, allowing on-chain statistics to be calculated across various categories. Imagine everyone funding a university stipend for its students knowing the answers to questions like: How much does an average student...| Intercoin
ControlContract When it comes to crypto applications, it often happens that some address or another amasses a lot of value, either because it has a lot of tokens, or a lot of decision-making power, credibility, reputation, etc. In the past, Bitcoin and other projects introduced “multisig” wallets, requiring multiple people to sign off on transfers or other actions taken by that account. Ethereum smart contracts enabled a better solution, allowing complex governance rules to be specified u...| Intercoin
AuctionContract In a ContestContract providers compete for money that has been contributed to a fund. By contrast, an AuctionContract is for times when buyers compete to purchase a limited set of items – which could be NFTs, digital content, concert tickets, limited spots in a course or on a trip, or any other valuable things. An AuctionContract can be initialized to allow a certain number N of winners, and then people bid on the items. The price increases after every M bids (typically M = ...| Intercoin
Disbursing Payments Reliably So you’ve succeeded in collecting payments on various blockchains, perhaps by using Intercoin solutions such as recurring subscriptions, auctions, token sales or some combination of those. Congratulations! Now it’s time to pay people out. How can you disburse the money in an orderly way, that can be audited, giving your backers the confidence that the money is being used as intended? When people invest in a project, or donate to a community, they often want to...| Intercoin
SubscriptionContract Intercoin developed SubscriptionContract in order to help, collect recurring revenues from around the world. It can be used by event organizers, content creators, membership organizations, or community portals of any kind. People and organizations around the world are looking for easier ways to monetize their content and services. Podcasters, artists, end up giving their audience to YouTube or Twitter Spaces, because they have the infrastructure. Those sites then promptly...| Intercoin
His own website has now been commandeered and has this notice: On 20 May 2024, Dr Craig Steven Wright was found by the High Court of England and Wales to have been dishonest in his claims to have been the person behind the pseudonym Satoshi Nakamoto (the creator of Bitcoin). The Court found that Dr Wright “lied to the Court extensively and repeatedly” in his evidence and that he attempted to create a false narrative by forging documents “on a grand scale” and presenting them in eviden...| Intercoin
Tornado Cash was sanctioned by the US Treasury Department in 2022 over allegations it obscured funds stolen by North Korean state hackers. Pertsev was arrested days later, dealing a major blow to the embryonic crypto privacy sector. The Dutch court particularly noted that the platform was designed for criminals, and that its developers should have done more to prevent bad actors from laundering money. Bitcoin Magazine has quite a hyperbolic take on the result, implying that all financial pri...| Intercoin
A couple days ago, Moxie Marlinspike wrote an article about his first impressions with Web3. In it, he advances several valid criticisms of the Ethereum ecosystem, but overall throws the decentralization baby out with the bathwater. Although Moxie is self-admittedly new to Web3, this is one of most substantive critiques of the current Web3 commercial space. And being one of the few pioneers of encryption who is openly outspoken against decentralization, it’s important to engage with his arg...| Intercoin
Publications online are starting to talk about our efforts. Here is an article that came out in LA Weekly about how our technology is helping build and restore healthy communities, in a start contrast to the fallout to our society from Big Tech platforms. Our article in Benzinga got syndicated across multiple venues, including investing.com and other venues: International Business Times focused on the ways Intercoin can help organizations, influencers and others raise money for their projec...| Intercoin
This is an overview of how the Intercoin Investor Token Presale on Binance Smart Chain will work. We are making it trustless and organized with no room for error and will all the rules enforced up front by smart contracts. It will take place through at least May 1, 2025. ITR tokens are for early investors and the team. INTER tokens are for customers (communities). ITR holders will be able to gradually obtain INTER. To translate to Bitcoin terms, ITR is like buying a “bitcoin mining rig” a...| Intercoin
