Goodbye to an eventful 2014

Fireworks
Photo: GoToVan, CC BY 2.0 (Not changes made)

Throughout 2014 we have been working hard, really hard. We received the year working on Coinffeine, and even if we say goodbye in the same way, we are now starting to see how we can change the world.

Just over a year ago, the four of us had a clear commitment for the technology behind Coinffeine. At that moment the project did not even have a name. 12 months later Coinffeine is much more than a name: it is the first company to establish itself with share capital in Bitcoin, it is a team that has seen the hard work recognized and supported by the Bitcoin community and it is the materialization of our passion for programming. The protocol is changing the way financial institutions, such as pay processors, understand Bitcoin. Coinffeine is, basically, our bet.

We gave up a lot of things for Coinffeine, but we have also got a lot in return. To embark on your own project has got many implications, but today we can say that it was worthwhile. We are, without a doubt, proud to have founded Coinffeine.

We wrap up a 2014 that has been a happy year both personally and professionally. And we enter 2015 more eager than ever for Coinffeine to be a project for everybody, and to open a new important niche in the Bitcoin ecosystem.

We are sure that the next months will bring many challenges, many satisfactions, many worries, many mistakes, many things done right, many risks, many new responsibilities, many commitments and a lot of hard work! But we are also sure that all of those moments will be unforgettable and will contribute to write the history of Coinffeine and the Spanish Bitcoin movement.

Thanks for joining and supporting us during 2014 and we hope that in 2015, we are many more!

Goodbye to an eventful 2014

Hello World!

Trial Demostration
Photo: David Cid

The last 18th. of December was a great day for Coinffeine. No doubt about it! Our meetup in Madrid was supported by an exclusive and dedicated audience. For us this alone is a great success.

The event looked promising, as it was fully booked one day in advance. But you never know with these things… Luckily it materialized, and the venue at Impact Hub was packed full, something of which Coinffeine are infinitely grateful. Again we felt that support from the Bitcoin community which have followed us since the very beginning of this adventure.

Alberto, our CEO, remarked many times during his speech, that the fact that we were “at home” made the day even more special. And Madrid became the perfect place to emphasize what has marked Coinffeine’s personality as a company and as software, and that it is all about the people behind it.

Alberto, Ximo, Álvaro y Sebastián worked together in a high performance team in a previous professional adventure, and since then they have been sure that their teamwork was a safe bet. The implementation of the mathematic problem of Game Theory, which Alberto had sketched out earlier in an international publication, became the perfect excuse to get back together and create Coinffeine.

To manage the seed capital in less than 6 months, or milestones such as being the first company in the Bitcoin ecosystem with an investment from a bank, or being selected by the Spanish Institute for Foreign Trade (ICEX) as one of twelve Spanish startups with the greatest growth potential, confirm the intuitions of the founders of Coinffeine.

“This is not a here it is, this is a Hello World, soon we will be ready!” Alberto assured before Álvaro took over the demonstration. He showed the application publicly for the first time, not without some technical problems due to the internet connection, but the time was used to clear all the doubts from the audience.

Then Sebastián gave a brief but inspiring talk about Game Theory, which is the theoretical and technical base behind the Coinffeine’s protocol. The dazzling presentation was praised by many in the audience.

The ten first participants to post a tweet with the hashtag #coinffeineuser got the valued voucher that has allowed them to be the first to install the application and participate in the private testing. The experiences from this testing stage will help Coinffeine’s team of developers to make the application more efficient, fast and fun to use.

And this has been our main focus for the last days.

 

P.S. We share a few photos of the event and a short video.

Hello World!

Come and see the BitTorrent for your Bitcoins!

18
Photo: Patricia M, CC BY-SA 2.0 (Not changes made)

Christmas is just around the corner, and the agendas are filled up with social events for the holiday season. We are meeting up with friends and family, having dinners with colleagues and ex-colleagues… any excuse for a celebration is warmly welcomed. This year Coinffeine add another excuse for bitcoiners and developers; the launch of the Trial version. And since a next generation exchange platform for Bitcoin is not an everyday event, we hope that you can clear space in your already busy pre-holiday agendas.

We will celebrate our meetup Thursday 18th December at the very heart of the Letras neighborhood in Madrid. Those who come to the Impact Hub at 19.30, will see how the BitTorrent for your bitcoins actually work. And if you are interested in participating in our private testing, this is the place to be. We will give you the chance to try it for yourselves! The more of you that participate in this the better it is. The ten first advanced users that sign-up will leave the event with our software installed on their laptops, and we will gradually include more users as we advance in the process.

For us it is important that you play with the application, that you explore it, try it, leave it for a while, only to return to buy some more bitcoins. At this stage all your experiences, opinions and comments are valuable to us. It will help us to polish the application down to the very last line of code. Any thought or suggestion is useful. Do not worry about insisting on details, because patience has been one our trusted companions on this adventure…

We want to remark that it does not cost a penny to participate in the testing. We have been mining “bitcoins” from our own net for months, and the euros we give you are just mock-ups. So there are no excuses! Come and trade bitcoins for euros and vice versa with no strings attached! And for the ones of you that put in the most effort, we have prepared a small reward.

On top of this, we will share some pizzas, talk about our trip to Silicon Valley, network and clear out any doubts about Coinffeine…

Enough said, update your agendas:

Topic: Meetup Coinffeine.

Date: Thursday 18th December, 7:30 p.m.

Place: Impact Hub (C/ Alameda, 22, 28014 Madrid).

Sign-up is very easy!

 

Join: Yes!

Perfect, see you there!

Come and see the BitTorrent for your Bitcoins!

Our small but powerful protocol meets the world

pizza
Photo: Divya Thakur, CC BY-SA 2.0 (not changes made)

Until now our software has been an idea that we have worked on around the clock, but now it is a reality. Line by line the code has taken shape to be a real desktop application. It is ready to be used, and more importantly, it works!

This represents an important step, and is something we want to share with all of you that have followed us throughout this long process. It has been many hours of work, many lines of code typed and corrected, many ideas exchanged, and a lot of trial and error… Basically a lot of effort that has without a doubt been worthwhile!

We are launching the Trial version. The Beta version is still some months away. We are aware that there is still a lot of work to be done, but Coinffeine enters the next stage: the time for our small but powerful protocol to meet the world has arrived. We want to celebrate this important milestone in style.

The last weeks have been full of good news. The international Bitcoin community has welcomed the announcement of Bankinter’s investment in Coinffeine with open arms, and the news got worldwide media attention. Our recent trip to Silicon Valley has, among many other events, helped us to further strengthen our business vision. With Coinffeine we have established a framework where both banks and Bitcoin users feel comfortable.

We think all these are good reasons for Coinffeine to organize a meetup. There we can talk face-to-face between bitcoiners about Coinffeine’s latest experiences, and more importantly, let the public know our product.

And of course we will do it Silicon Valley-style!

You are all invited, and we will provide details in a few days. But we can disclose some of them; we will give the first public demonstration on how our platform works, there will be pizzas and more surprises. Some of you can as well leave with our software installed on your computers.

Coinffeine is launching a phase of private testing. With this as an aim, we have been mining “monopoly money” for months. Testing our application will not cost you a penny, but it will require effort. We have a modest plan to reward the ones of you that puts in the greatest efforts. All your experiences using our application are valuable to us. We want to polish the code right down to the last detail, so don’t be shy.

We are ready. Are you?

Our small but powerful protocol meets the world

Coinffeine breaks new ground in Silicon Valley

San Francisco
Photo: Mike Behnken, CC BY-ND 2.0 (Not changes made)

A few months ago we were selected by the Spain Tech Center (STC), as one of twelve Spanish companies with the greatest growth potential, to participate in the Immersion Program in Silicon Valley. This pioneer program aims to strenghten internationalization of Spanish tech companies by organizing a trip to Silicon Valley, the global epicenter of innovation and technology.

It is undeniable that Bitcoin has made its mark in this Californian valley, so to Coinffeine this has been a great opportunity that we wanted to get the most out of as possible.

Alberto, our CEO, stuffed his suitcase with the motivation that characterizes him and a strong desire to learn from this experience. When he touched the ground on Monday 10th of November, there was not even time for jet lag. Ahead he had two weeks with an intense and busy schedule: mentoring sessions, workshops, company visits and presentations to international investors.

So far, leading companies in the Bitcoin ecosystem, such as Ripple Inc, have been able to learn about Coinffeine. We have also had the opportunity to introduce our company to respected investors, VC´s, corporate venture partners and Angels. Spain Tech Center, RocketSpace, Silicon Valley Forum and the California Spain Chamber of Commerce have been some of the scenarios in which Alberto has been sharing experiences and had inspiring and productive conversations.

During these days, the feeling of empathy with fellow bitcoiners has been constant. Before our departure for Spain, we made a firm proposition to establish contact with the Bitcoin community in San Francisco. We have, without a doubt, felt more included than we ever could have imagined. Many important Bitcoin companies wanted to know more about us, and one of Alberto’s most successful pitches was one that he improvised in a Bitcoin meetup. The attendants understood the tremendous effort that has gone into developing such a technology in a country where entrepreneurship is not easy, and where the national banks are considered among the most important in the world.

The news of Bankinter’s investment in Coinfeine was made public during our stay, and has been a key element to make us noticed. We are proud to have managed to transmit our firm belief that the technology we are developing is a perfect bridge between the banks and the Bitcoin ecosystem, and that we are creating a product that is satisfying to both sides.

Another goal we have accopmplished was to meet with payment processors and banks such as Bank of America and Standard Chartered Bank. Our main intention with these meetings was to learn more about their needs and interests, in order to offer better services to our actual partners in the future.

Back in Madrid, Alberto brings back a suitcase bursting with even more motivation to make Coinffeine grow and tonnes of new knowledge. It has been an unique experience sprung out of breathing San Francisco’s air of innovation.

A breath of fresh air that will undoubtedly help us to continue programming.

Coinffeine breaks new ground in Silicon Valley

The Spanish bank Bankinter invests in Coinffeine

Foto firma Bankinter - Coinffeine

Good news for Coinffeine today!

The Spanish bank Bankinter has invested in the capital of Coinffeine, through the Bankinter Innovation Fundation. With this movement, Bankinter becomes one of the first banks in the world dealing with Bitcoin ecosystem.

Funded last June by Alberto, Ximo, Álvaro y Sebastián, four Spanish engineers as the first company in the world using Bitcoin as social capital, Coinffeine is developing a distributed platform to exchange FIAT by crypto-currencies in a secure and anonymous way, using your own bank account for sending FIAT money and transferring the bitcoins outside the bank, in a pure P2P way.

Coinffeine is a desktop application ‘like Bittorrent for your bitcoins’ and will be launched the next January. The big innovation here is the Coinffeine protocol, a mathematical model based on Game Theory. This protocol ensures the safety in the FIAT-Bitcoin exchange without a trusted third party and in a automatically way, offering the same experience as a traditional exchange thought the transactions are really P2P.

Bankinter Innovation Foundation invest in products and services that relate to its business ecosystem and, when possible, wants to be a first friendly early-adopter customer that helps the startup to develop. In the case of Coinffeine, they are working on finding the best collaboration framework to make it happen.

Coinffeine has been selected among the 12 most innovative startups in Spain at the stcimmersion.com to be presented this week at the Silicon Valley Forum in San Francisco.

The launch of our platform is imminent, and this will motivate us even more to continue our passionate work to develop new aspects of our pioneer project.

 

 

The Spanish bank Bankinter invests in Coinffeine