At the request of Hive account@hipster I made a translation of his article kiber-fond-etim-letom from Russian into English. I hope I will not be accused of plagiarism. Publish this post agreed with the author.

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We have closed our first investment round. One respected entrepreneur praised our team at $ 1.5 million dollars per cyber • Fund at $ 1 million. Satoshi • Fund. The estimation is conditional, because it can be calculated in different ways. All investments were in bitcoins and under the multisig control of the Boards of Directors of these blockchain organizations. We are very pleased that in our midst there are such entrepreneurs as our new private investor. 80% of invested assets were put into Satoshi • Pai under control. It was comfortable for both companies to keep mid-term money in such investment instrument. You can compensate the burn rate for operations without revenue due to the yield of attracted investments. This adds something special to our business model. By closing this deal, we can confidently look to the future. We form a full-time team. Furthermore, right now we have gathered in the city of Kaliningrad for some time in order to become more familiar and fulfill all of our ideas.

Who are we?

• Hive account@hipster Dima Starodubtsev - architecture
• Hive account@marina Marina Guryeva - CEO cyber • Fund
• Hive account@creator Konstantin Lomashuk - CEO Satoshi • Fund
• Hive account@vitaly-lvov  Vitaly Lvov - COO cyber • Fund and Satoshi • Fund
• Hive account@litvintech Valery Litvin - blockchain and clever contracts
• Hive account@pioner Alex Frumin - backend
• Hive account@misha Michael Paley - frontend
  Sooner a few very interesting people will join us!
  

cyber•Fund

The development of the cyber fund on one side wasn’t very active, because Hive account@pioner was busy with personal affairs for some time, on the other hand, we are ripe for changes. We decided to redo everything from scratch. Gradually the understanding what data you need to take came, how to verify them and where to store this. From this all the quality of rating and applications will increase and become simpler. We decided to start to do this with the transfer of frontend to React. A real frontend developer appeared in our team - Hive account@misha. And now at react.cyber.fund a new version is gradually appearing . It is not clear when we’ll release it, because it is exactly clear that we will use Graphene for processing purposes, verification and motivation of the backend. And for research of all this it need to be a certain amount of time. Soon I will publish the roadmap cyber • Fund, in which I’ll try to describe the complex of required tasks to solve the key problems related to blockchain investments.
At the moment, we have added a simple form for the listing of projects and crowdsales. This week we will begin to support the SLA on the 24-hour processing of requests for listing.

Blockchain Boom

We have already released the 4th bilingual edition together with Coinfox. We believe our review is sufficient quality compared to similar products, and unique in the investment niche of media communications for blockchains. At the same time we publish this review on Steemit. Thus we maintain our analytical story publicly in the blockchain. This is a very interesting experience. It helps us to keep abreast.

Satoshi•Fund

Kostya as the leader of this project and CEO of this organization led the project to that condition, in which it is now. 49 accounts are taken into account in Satoshi • Pai, the niche and trust investment product. 38 accounts are served by Satoshi • Steam. Satoshi • Foundation is a kind of the outlet for us. We have an opportunity to invest in the projects that we want, and people are getting better of this :-) Also, thanks to it we touch with hands and head all the technologies in which we invest. It's fun too! As a result, since May 9 more than $ 1 million is under the control. Now we make a prototype of application on these invest products. Kostya will release a sane paper soon on what we do. It so happened that we will publish investment offer after the core of investors have formed. But it can also mean that the supply for products doesn’t keep up with demand. We will correct it!

cyber•Fund Labs

We decided to position separately the prototypes, which appear as a result of our research. I present to you our laboratory! cyber•Fund Labs!

Let me remind you that over the past three months we have been able to present Elon, it is a smart socket, Eva, it is intelligent vending machine and intelligent lock. All was done by Valerchik on Raspberry Pi and smart contracts of Ethereum! And Hive account@pmartynov helped to make Eva. The purpose of Labs is a demonstration of the technology opportunities in working prototypes. We do not plan to make money on it. We do not have time. Therefore, if someone picks up the idea it would be cool! Come to our chat, we will discuss how we can help you in this. Furthermore! We can announce what projects are lurking in our heads at the moment. It is rather wishes and at the moment we have no ideas when we will be able to realize all this.

Enterprise

This is a public version of the very powerful PC which is software sharpened on servicing of all blockchain nodes and earning money by selling resources: CPU, GPU, RAM and Storage. So we want to create an open model of the computer, which is made from the available hardware and knows how to make money. By itself. Project evaluation of hardware is 8 thousand dollars.

Preliminary specifications:

• Chipset Intel C612. Allows 2 CPU
• Socket LGA2011-3. It supports the next generation of Intel processes2x
• Intel 6 Core.Will mining Steam, Monero, Gridcoin. Now such things as the Golem still appear.
  And if Elastic would suddenly not a scam? CPU is always in value. Stick two at once.
• 7 GPU 8x PCI-E. Ethereum, Gridcoin, Monero. I was left with just such amount of Radeon 290x from my previous frills.
• 256 GB RAM
• 1 TB SSD
• 40 TB HDD. Sia, SafeNetwork, Storj

I thought and realized that by this approach saves a lot on repeating hardware, than if you compare this machine with the tight-functional miners. We want to try to make a universal miner. For cyber fund such a device will implement for node of a very fast indexing of all blockchains in RAM, because all communications of the index with serving nodes for indexing will occur within a single machine without network delay. The same machine will carry out the routing of objects querying to nodes on hashes using the index in which the key information on the location of the object will be mapped. This index can be synchronized (though not obvious) with other nodes using Graphene and as a result we will get what many of blockchain developers dream about. This is the goal of the Enteprise project. It will live in Labs.

Sixth Sence

I had a long-standing dream to send bitcoins by thought. Then Valery had the idea to buy a thing titled Open BCI and to do such a demo. Hardware price $ 2,000. You can try to dig deeper. There is a lack of virtual reality to complete the picture! We want to prove that virtual reality as real. Blockchains will help in it. The second step after purchase of Open BCI is to buy Oculus Rift. In addition, in order to learn to send Bitcoins using thoughts you should immediately feel the result of that dispatch. Then you get something like a sixth sense. It is so interesting!

Space

Valery has (Hive account@litvintech) such crazy idea to run a Ethereum node in space. But I do not know the details. He promised to write a post on this topic!

Steemit need to be Russian

The most important thing I put on the dessert! We took a volitional decision to put our efforts during next months on focusing the launch of Russian version of Steemit. This is a separate blockchain. We understand how to do it in the Russian-speaking sector, and the most importantly, how it is needed here. Soon there will be an official announcement posts.