Key Points from the Latest blog by TBC Admin

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Below are the key points by the TBC admin explaining the maintenance done on the TBC wallet:

“I have some good news and some bad news, so I’m of course, I’m going to give you the bad news first… The backlog on TBC transactions continues to increase. This is not a small problem, this ever increasing backlog of about 50,000 TBC transactions at this time, is screwing up our tests as we experiment with the crypto-currency code in our attempts to get TBC transactions to complete fully (100%) and do so quickly. We are completing thousands of TBC transaction daily as you can see by watching the blockchain explorer: http://blockchain.tbc004.net/ Yet, even though I have asked the whole community repeatedly to stop doing any transactions, the demand of existing transactions continues to exceed the number of the number of transactions that we can complete at this time. So, here is what happens. When we do an experiment on the code, we can’t fully tell if that experimental code has made a real difference or not until it slowly makes it’s way through the existing backlog to give us a result that we can measure. This is what has turned days of experimentation into weeks of experimenting and it makes everyone feel frustrated.”

“Some of you may not like our solution to speeding up our experiments, but we have to take a step or two backwards in order to move forward. Soon, most of you will notice that you don’t have a functional send button in your TBC wallet. Your wallets can still receive TBC/Kringle coins, but you will not be able to send TBC/Kringle coins, because we will have “Disabled” your send button. We will selectively turn on the send button for some of you. Those that have an “Enabled” send button can enter into a transaction to send to another TBC/Kringle coins. The TBC blockchain will continue to process the existing backlog of transactions and take on much less newer transactions until the backlog is wiped out. Then, as we continue our experiments with our crypto-currency code we will get test results much faster. That is how we are going to solve the capacity problem. Once we can see that all transactions are fully (100%) completing again and doing so quickly, we will “Enable” more of your send buttons in the TBC community. This will be a systematic approach making our way through the whole TBC community as we expand the number of “Enabled” send buttons as we go. At some point, the capacity problem will be completely solved to handle all of the transactions of the whole TBC community. Then ALL send buttons will be “Enabled.” Just remember, this capacity problem has already been solved in the crypto-currency world, we just need to implement what others have already done successfully. In other words, this is not going to be a lingering problem that takes several months to solve.”

“Now you are probably asking yourselves: “Who gets to have their send buttons ‘Enable” first?” It should be no surprise to you, that I would start with those funding TBC at this time–those that paid the $10 annual fee for their Kringle Cash Back Office. The truth is, if funding dries up, then we can’t pay the bills that keeps the TBC coin network up an running. So, consider this an added incentive to complete that payment immediately. At first, we will even start with a smaller number of users. We do have over 20,000 members that have completed their payment already. We have 10,000 Testers and also 10,000 more that are Back Up Testers for the Fiat Bank Exchange testing program. We have asked all of them to complete 100 referrals to join the top ranks of the Leadership matrix inside the testing platform. 1541 of them have done so already. It only take 2 or 3 days to complete this requirement if you follow the training in the Kringle Cash system. These 1541 Members will have their send buttons “Enabled” first. The backlog of TBC transactions should clear out pretty fast once we limit new transactions to just this small group. Then our code experiments should progress much faster after that. We will continue to ratchet up the number of Members with “Enabled” send buttons as fast as possible until all that have completed payment have an operating send button on their TBC wallets. This will be done on a first in first out basis. It is just like getting in a line, we will serve the Members in the front of the line before we service the Members at the end of the line. So, the sooner you pay this fee the sooner you will have an “Enabled” send button.”

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2 thoughts on “Key Points from the Latest blog by TBC Admin

  1. OGAONU IDU

    Please you people should fast track all your processes to enable us change tbc to fiat to build up our confidence in tbc.

    Like

    Reply

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