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· 11d · memo
Why is Memo no longer open-source? It's a shame. I think it's a major roadblock toward getting more adoption. Should we assume it has been hijacked like BTC?
replied · 11d
It's an open protocol with multiple implementations. It's hijack-proof.
replied · 11d
not sure why the change but it looks to me like Memo is one of the main SLP enabled platforms right now, deff not hijacked.
replied · 11d
I hope you're right but the lack of transparency about why it suddenly got closed-source is concerning to say the least...
replied · 11d
I don't want to speak for Jason,I'm not sure why he changed it and if you're concerned you shouldn't put a lot of BCH on your wallet
(I don't mean for that to sound cold)
replied · 11d
The purpose for open sourcing was to have other implementations and to get community support. Neither happened so that plan was aborted. The code is still available though.
replied · 10d
Thanks @memo however it's still unclear what you get by keeping it closed-source. Would open-sourcing it conflict with future plans to turn it into a profitable venture somehow?
replied · 10d
I wish there would be a better alternative to reddit and rbtc but I can't recommend people to switch to a closed-source platform unless there is a good reason for it to be proprietary.
Although the Memo portal is closed source
the Memo protocol upon which it is based is very visible.
It is all you need to code your own portal to the 'memoVerse'.
replied · 10d
Sure and I hope I'll have time to write my own Memo client one day but in the meantime I think it really hinders adoption :(
replied · 9d
Offering up to 300 USDH reward for an open-source memo protocol plugin for Electron Cash
What is USDH ? (not on my radar)
I have something composed elsewhere for decoding
but rewriting for EC would need clarifying - would only for sending be enough?
replied · 8d
USDH is a stablecoin 1:1 backed by U.S. dollars on the Bitcoin Cash blockchain.
replied · 8d
"Up to 300 USDH" - depending on features, etc. - 300 USDH = a full memo in EC
replied · 10d
There are existing open source implementations
*Useless code is available though

FTFY
replied · 11d
I've had many interactions with Jason and I feel like I can trust him, that's just me though,if anyone chooses not to use Memo they have the right to do so
replied · 11d
I trust Jason too. But I exported my private keys, of course.
replied · 11d
I would deff suggest everyone makes a back up of their Memo keys
in case the site goes down or you get locked out or forget your password
replied · 9d
I have imported my memo key in Electron Cash SLP works for balance and tokens - I also have a paper backup
replied · 11d
Yeah, everyone should do that.
replied · 11d
replied · 11d
It was only open source for a few months over a year ago. Nothing sudden happened.