<h1> <img src="https://scontent-iad3-1.xx.fbcdn.net/t31.0-8/13925926_1293697213982199_1495700488793481262_o.jpg" /></h1>
<h1><strong>Captaining the Ship </strong><br />
</h1>
<p>The idea was simple. There needs to be a platform to build a new market upon. A decentralized platform. One where no one can shut it down. <br />
</p>
<p>New technology emerged where interest payments known as Proof Of Stake can act like mining without the need of power and hardware mining requires.<br />
</p>
<p>Many projects adopted this technology as they would each argue for the perfect interest rate to combat inflation. Some ran 100% interest and some had 1% interest yearly.<br />
</p>
<p>One thing was certain. All these projects were still heavily centralized and controlled by fairly simple math. They had no checks and balances. They had no hardware to run these interest baring wallets and the time had come to begin developing it.<br />
</p>
<p>There needed to be a variable proof of stake model. One that would act as treasury bonds and incentivize people to maintain network and grow their interest the longer they maintain. <br />
</p>
<p>I proposed the ideas to fellow team members and we decided upon rates of interest based upon time spent staking.<br />
</p>
<p>Time and time again, the developers in our project would fail on implementing code that would work. The coin would fork itself, have outrageous amounts of orphaned blocks and the hardware developed would never serve a use as a point of sale device. We rebranded and started from scratch again. The hardware had serious security flaws. <br />
</p>
<p>Another cryptocurrency developer was brought into Skype meeting one day. He spoke of everything I spoke of in my papers which signed NDAs ensured ideas would not be leaked. He even saw the use of contracts, patents and ultimately, free energy systems.<br />
</p>
<p>He proposed absorbing our project and ideas. After careful consideration and investigation of the integrity of our team as a collective, the deal fell through. I did not blame him. Smart call.</p>
<p>Due to outside crypto forces, I was forced to tend other matters in the Fiat world and take a break from crypto. This break allowed others in the team to take the direction of development and roadmap. <br />
</p>
<p>By the time I came back certain members had run up large amounts of debt to the community and outside of it. Hardware devices were never delivered and the code had run to crap. <br />
</p>
<p>I attempted to save the project relentlessly. I mitigated, I fought and attempted to keep this vision alive. The FUD ended when I finally gave up. It was a futile fight and time to move on. </p>
<p> ---------------------------------</p>
<p>END OF CHAPTER 1</p>
<p>Chapter 5:<a href="https://steemit.com/cryptocurrency/@keithsmih/cryptowars-the-nexus-creature-from-satoshi-island-chapter-5" rel="noopener">https://steemit.com/cryptocurrency/@keithsmih/cryptowars-the-nexus-creature-from-satoshi-island-chapter-5</a></p>
<p>By: Keith Smith</p>
<p>The Nexus Project</p>
<p><a href="https://bitcointalk.org/index.php?topic=657601.0" rel="noopener">https://bitcointalk.org/index.php?topic=657601.0</a></p>