[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 395.

aquarius

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Activity: 275

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Quote from: Sou on November 07, 2013, 12:19:03 AM

Quote from: aquarius on November 07, 2013, 12:06:27 AM

I rather go with Master Coins or Colored Coins than a legacy trading platform like Havelock

Unfortunately neither of those is close to a final release. Havelock is all we have right now.

I forgot to add that I rather wait until one of those, that I previously mentioned, is operational than to use a legacy platform.

hazryder

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Just transferred my shares to AMC-TENDER, afaik I don't have to email Ken like last time, can someone else confirm this?

JoTheKhan

sr. member

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Just got paid w/e money I had left on BTCT lol (Like a dollar). So whoever said they got paid divs today, that was probably from BTCT and not actually divs.

Sou

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(Bitcoin related text here)

Quote from: aquarius on November 07, 2013, 12:06:27 AM

I rather go with Master Coins or Colored Coins than a legacy trading platform like Havelock

Unfortunately neither of those is close to a final release. Havelock is all we have right now.

aquarius

sr. member

Activity: 275

Merit: 250

I rather go with Master Coins or Colored Coins than a legacy trading platform like Havelock

drawingthesun

legendary

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I spoke with Havelock, they are no longer interested in listing pass through shares. If Ken wanted to be on Havelock he would have to issue full shares himself. In this way he could have direct shares and shares on Havelock, but unfortunately we will never be able to issue pass through shares on Havelock without having to involve Ken.

This is obviously a new policy since the panama fund thing happened, because they still have a Labcoin pass through on their exchange.

EDIT: This has nothing at all to-do with ActiveMining, its a new policy for all new securities. And like I said Ken could issue shares on Havelock like he did on CryptoStocks, Btct, Bitfunder, etc... but he would have to be involved. I prefered the idea that Havelock would accept a pass through so Ken could be freed from this share movement crap the exchanges keep putting us through.

MilkyWayMasta

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Quote from: somestranger on November 06, 2013, 07:40:21 PM

Quote from: MilkyWayMasta on November 06, 2013, 07:21:54 PM

Quote from: somestranger on November 06, 2013, 06:55:28 PM

Huh I thought Mastercoin was some sort of new blockchain just for stocks etc and that colored coins were a layer on top of Bitcoion. It seems I'm wrong on both accounts. Mastercoin seems like the best option since it would use the robustness of the Bitcoin blockchain to its advantage. It will be interesting to see which one ends up being adopted by the community at large... either protocol would be a huge development.

Colored Coins would use the bitcoin blockchain as well.

Not necessarily according to this CC dev.

Quote from: killerstorm on November 05, 2013, 05:32:35 AM

And while we are here, there is an important difference between Mastercoin's distributed exchange and p2ptrade which is implemented for colored coins:

Mastercoin uses blockchain to store orders, while p2ptrade doesn't. p2ptrade can work with any communication medium.

Our first version simply uses a HTTP service for communication. This doesn't look like a distributed system, does it?

Colored Coin would begin from a Genesis Transaction so lets say I deposit 1 BTC to what I say is the Genesis address and I offer 1000 shares, each share would consist of 0.001 Bitcoin and the Colored Coin Client would track the Colored Coins by following where the Colored Coin came from. But you're right because the trading of Colored Coins could be done off the blockchain. A question I have is if you can buy a fraction of a share? Lets say in that example above, am I allowed to split my share into 10 by selling 0.00001 off of that Bitcoin which comes from the Genesis transaction?

knybe

hero member

Activity: 658

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decentralize EVERYTHING...

Quote from: julz on November 06, 2013, 08:05:50 PM

in: https://bitcointalksearch.org/topic/m.3492434
kslaughter said:

Quote

...
At this time all shareholders should follow the procedure for transferring shares to AMC-TENDER.
...

So what is 'the procedure' ??
Just transfer.. or send an email as well?

https://bitcointalksearch.org/topic/m.3493271

julz

legendary

Activity: 1092

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in: https://bitcointalksearch.org/topic/m.3492434
kslaughter said:

Quote

...
At this time all shareholders should follow the procedure for transferring shares to AMC-TENDER.
...

So what is 'the procedure' ??
Just transfer.. or send an email as well?

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

Quote from: MilkyWayMasta on November 06, 2013, 07:21:54 PM

Quote from: somestranger on November 06, 2013, 06:55:28 PM

Huh I thought Mastercoin was some sort of new blockchain just for stocks etc and that colored coins were a layer on top of Bitcoion. It seems I'm wrong on both accounts. Mastercoin seems like the best option since it would use the robustness of the Bitcoin blockchain to its advantage. It will be interesting to see which one ends up being adopted by the community at large... either protocol would be a huge development.

Colored Coins would use the bitcoin blockchain as well.

Not necessarily according to this CC dev.

Quote from: killerstorm on November 05, 2013, 05:32:35 AM

And while we are here, there is an important difference between Mastercoin's distributed exchange and p2ptrade which is implemented for colored coins:

Mastercoin uses blockchain to store orders, while p2ptrade doesn't. p2ptrade can work with any communication medium.

Our first version simply uses a HTTP service for communication. This doesn't look like a distributed system, does it?

MilkyWayMasta

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Activity: 221

Merit: 100

Quote from: somestranger on November 06, 2013, 06:55:28 PM

Huh I thought Mastercoin was some sort of new blockchain just for stocks etc and that colored coins were a layer on top of Bitcoion. It seems I'm wrong on both accounts. Mastercoin seems like the best option since it would use the robustness of the Bitcoin blockchain to its advantage. It will be interesting to see which one ends up being adopted by the community at large... either protocol would be a huge development.

Colored Coins would use the bitcoin blockchain as well.

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

Quote from: jimmy3dita on November 06, 2013, 06:55:20 PM

Guys I'm lost. What should I do -now- to pull my stocks from Bitfunder? And what is going to happen after they have been pulled out?

Is there any official announcement, like the tender from AMC of months ago?

https://bitcointalksearch.org/topic/activemining-the-official-active-mining-announcement-thread-self-moderated-297543

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

Huh I thought Mastercoin was some sort of new blockchain just for stocks etc and that colored coins were a layer on top of Bitcoion. It seems I'm wrong on both accounts. Mastercoin seems like the best option since it would use the robustness of the Bitcoin blockchain to its advantage. It will be interesting to see which one ends up being adopted by the community at large... either protocol would be a huge development.

jimmy3dita

hero member

Activity: 588

Merit: 500

Guys I'm lost. What should I do -now- to pull my stocks from Bitfunder? And what is going to happen after they have been pulled out?

Is there any official announcement, like the tender from AMC of months ago?

stenkross

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Activity: 330

Merit: 250

Quote from: kslaughter on November 06, 2013, 05:26:23 PM

Colored Coins Developer Update

Cool.
Have you considered Mastercoin also?
https://bitcointalksearch.org/topic/mastercoin-new-protocol-layer-starting-from-the-exodus-address-265488

Here's killerstorm explaining key differences between colored coins project vs mastercoin:
https://bitcointalksearch.org/topic/m.3487339

I have no opinion on which option to choose, I just want to make sure you are aware that there are multiple project running in paralell.

MilkyWayMasta

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Merit: 100

Quote from: kslaughter on November 06, 2013, 05:26:23 PM

Colored Coins Developer Update

LETS GET READY TO RUMBLEEEEEEEEE!

ffssixtynine

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Activity: 364

Merit: 250

For those with money stuck in Bitfunder/WeExchange:

Quote from: Ukyo on November 06, 2013, 03:45:19 PM

Finally have an update.

After trying and trying, and talking to sipa in #bitcoin-dev:

Quote

[13:34] hey guys. I got an issues with bitcoind. a. wallet size causes it to take 5~10 miuntes to load. b. as soon as send is issued, it maxes cpu/ram until restarted, and takes about 10~20 minutes until it announces to the network
[13:34] and then rpc times out after that
[13:34] how many keys/transactions?
[13:34] over ten thousand easily
[13:35] there have been some improvements to that recently in head
[13:36] so this is kind of a known issue for the size? i.e. bitcoind isnt really meant for the size and its something being worked on?
[13:37] it wasn't designed for it, no

I wanted to say thanks real quick to Warren on irc who is a Litecoin dev who is helping me to straighten this out and make sure there is no problem in the future.

As it stands, I have started initiating manual withdraws. It takes about 20 to 30 minutes between each one as mentioned in the above irc quote so please bare with me
for a bit. We are going through tickets trying to get things caught up in proper order for fairness. If you get your withdraw, please post and let people know.

I will continue to work on this 24/7 excluding unintentional sleeps as I have been for the last week now. I hope to get all withdraws caught up very shortly.

Thank you for your patience and understand,
Ukyo

kslaughter

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Activity: 476

Merit: 250

Colored Coins Developer Update

Ozymandias

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Activity: 644

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I'm also curious what is going to come first, tradeable shares, or significant news (for better or worse though I'm leaning heavily towards the better side). Not quite sure how the market would/could react to news when there is no medium in which to transfer shares.

Stuartuk

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Activity: 266

Merit: 250

Quote from: ColdCrypto on November 06, 2013, 04:56:58 PM

I always viewed the sales side of actm as a huge risk and waste of time. Engineering something for the consumer is an expesive and time costly task with little reward. The only reason it worked for AM is because they HAD to sell hashrate in order to be able to deploy the remainder of their chips while staying under a 51% threat. Many asic producers are around now. The fear of anyone capturing a portion of the network that size no longer exists. Mining is a race to the bottom by those who own chip ip . There is no room for for a consumer device. imo actm should focus on mounting our easic chips and cheaply as possible and bring hashrate online as quickly as possible. ... unfortunately presales have us locked into making those damn customer modules I guess Sad

+1

We don't have massive pre-orders so don't worry too much on that front we can get them made and shipped next to no time.

They did us a service in raising early funds. I think Ken might be holding our mining machine price high right now just because of what you say. We will make our money down the farm.

We is farmers now boy.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 395. (Read 771288 times)