I recently noticed a huge uptick in the price of the crypto currency Boolberry (BBR) to .00024. Whenever I see this happen I immediately go looking for the reason. In this case, a coin many considered dead has come back to life with a new development team and a passionate vision.
I contacted 1blockologist, the acting lead for the new BBR project development, and asked if he minded answering some questions for us all. Below is the interview providing the details Boolberry investors have been waiting to hear.
https://www.reddit.com/r/Crypto_Currency_News/ (CCN) – Can you tell me about your previous experience in the industry?
1blockologist (1B) – My team and I have worked on cryptocurrency technologies for four years now. The last two years we have operated under the name Blockchain Development Company and have been working on cryptonote currencies. We work in many different cryptoasset communities with the belief we will be able to contribute growth to the entire sector, not just one individual currency. We have worked on metalayers, such as Counterparty, as well as asset exchanges on other cryptocurrency networks, including Ethereum contracts and other scripting languages.
CCN – What are your short term goals?
1B – First, we will be increasing the utility of BBR by incorporating the LMDB database from Monero. We also have some fixes to implement to mining and the client. The second important step we plan to take is to increase the scarcity of BBR. We will accomplish this by implementing privileged full nodes (like masternodes) that stake a portion of BBR and have meta asset creation via burning. Last on our list, we plan to create connection nodes to allow people to use light clients, getting BBR tokens off of exchanges, eliminating the need for the entire Blockchain.
CCN – What enticed your team to start working on BBR development?
1B – One of the main criticisms of cryptonote technology is the ever increasing size of the blockchain. BBR allows an exciting alternative approach to optimize the blockchain by incorporating the pruning of old ring signatures. In addition, when we are able to incorporate other advances, such as Ring CT when it is available, we are going to have a world-class, robust cryptocurrency to work with.
It also helps to already have a fully functional BBR GUI, making it easily accessible to the entire community. This is an advantage Boolberry has over Monero, Aeon, and other cryptonote competitors.
CCN – Where do you think BBR goes from here?
1B – I think the market value of Boolberry is exceptionally low compared to its potential. Once we implement the changes we are currently working on to modernize and increase its accessibility, I believe the crypto-community will start to see BBR as a terrific opportunity. We ask any potential investors to stay tuned to our progress as we polish and sculpt this rough diamond to reveal the prized jewel hiding underneath.
CCN – Have you had contact with CryptoZoidberg, the original founder of BBR?
1B – Yes. When we realized the unique opportunity Boolberry offered, I announced our interest in contributing to its development. There had not been any code updates for a year, but our declaration did give us the opportunity to contact and meet with CryptoZoidberg on Skype where we had a productive meeting. He claims to still be working on some features for BBR, and reappeared on the crypto scene the same day to let BBR supporters know he is alive.
CCN – CryptoZoidberg charged a 1% miner’s tax for BBR mining. Are there any plans to change that policy?
1B – My team is not planning to fork BBR where we could change the issuance schedule. The current code does not give anyone the authority to make the decision to remove the miner’s tax, but the miners themselves do have the capability of voting to remove it if they are inclined to. Until that time, CryptoZoidberg will continue to collect this tax. It is worth noting, our team has acquired more than a 1% stake in BBR, and our incentive is to make it as valuable as possible.
CCN – I have seen some of your work begin to appear publically. Can you give us an idea when we can expect additional updates?
1B – You should start to see the aforementioned plans released in the next few months as we complete them. Although our stewardship has been a welcome relief for the community, continued updates after the ones we have planned will be dependent on community sentiment as we deliver on our promises. We will be looking to organically attract additional developers as others realize the opportunity BBR provides. We will be closely monitoring Monero’s growth. Without the scaling and development cycle issues (Monero) has, BBR will be able to react and grow more quickly.
CCN – Is your team working full time on cryto projects?
1B – The team consists of quantitative software engineers and financial experts with careers in those fields outside of the crypto community. Our team invests in real immutable blockchain tokens, akin to the involvement you see from George Soros or Carl Icahn when they invest in corporations. Our vision is to be positioned as leaders in blockchain and crypto projects touching every sector of the business world. Our involvement will continue to raise the bar and lift crypto technology to greater heights.
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