Canonical source: https://git.communitycoins.org/Communitycoins.Archive/core
Mirrors (GitLab/GitHub) may be read-only and may lag behind.

Core

Since 2018, Core members of community coin project teams have been in direct contact. Until now, this dialog has not been an open invitation. However, the website of communitycoins has served as a CQ-call, inviting anyone inspired by the shared manifest.

Considerations

The core idea behind CommunityCoins is that all teams face similar challenges. Without collaboration this results in reinventing the wheel and wasting valuable resources. Cooporation, on the other hand, could address the fragile state of many CommunityCoins. There is a Dutch expression "Side by Side you stand Strong, which captures the essence of this idea. Sharing resources would not only increase their usability but also enhance the visibility and effectiveness of the collective in a competitive environment.

Since the mission of every community coin is to serve a much larger community beyond the team and early adopters, we consider ourselves grassroots initiatives. For this reason, we’ve chosen the name ROOTY as a project identity—or rather, as a badge of honor.

We took the next step by creating a GitLab group @c4319, named it CommunityCoins and imported the website into it as a shared project. A massive amount of comments, chats, notes, statements and proceedings have been generated by both visitors and loyal participants. While we experimented with recordings, particularly in volatile environments, maintaining them consistently proved challenging. This GitLab project has turned out to be the most stable option, although it cannot reference everything that has been said and done. In a significant effort, much of the project’s history has been analyzed and compiled into what we now call our bucket_list.

The bucket list demonstrates the vast scale of a community coin project and suggests that, if successful, it could become an indispensable and continually evolving part of its associated societies. So, where to begin? Each team has already launched its project, established a mining infrastructure, implemented an explorer, submitted their coin to exchanges, and issued press releases. But what are the priorities for ROOTY?

Since community coins are an extension of Bitcoin, we should focus on areas where Bitcoin encounters issues or fails to deliver. This primarily revolves around peer-to-peer (P2P) payments, Bitcoin’s main promise. For P2P payments to be viable, a mobile solution is essential. Users must be able to pay whenever they encounter a peer. Billions—or at the very least, millions—of transactions should be handled. Currently, Bitcoin cannot deliver at that scale. Although the Bitcoin community has developed a mobile solution through Simplified Payment Verification (SPV), our experience in the spectrum of community coins has shown that SPV is unreliable, particularly through Electrum.

We concluded that Priority-1 should be the development of a multicoin wallet that supports all communitycoins alongside a few major global coins to improve usability. A prototype of the wallet is available at Wallet and that is what we are our focus lies. However, progress has been hindered by issues with the SPV middleware. If we want to extend Bitcoin’s capabilities, we must establish a stable SPV layer where each community can easily install and maintain SPV servers sufficiently and redundantly. A project aimed at solving this is called Ring of Trust.