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Topic: [ANN] BitBean | Innovative PoS | Scalability | No IPO | No premine - page 33. (Read 75533 times)

hero member
Activity: 574
Merit: 500
( ͡° ͜ʖ ͡°)

Check dev's post in that Gavin Anderson 20MB proposal discussion thread.

after you read all that discussion, you will know why big blocksize is vital.


https://bitcointalksearch.org/topic/m.10456221



One of the things I like about this coin is how the dev handled things, he didn't promise anything, he didn't make a big fancy ann promising time travel or anything weird. He simply delivered, launched a coin with some very important improvements which is a first in a very long time.
legendary
Activity: 1148
Merit: 1000

Check dev's post in that Gavin Anderson 20MB proposal discussion thread.

after you read all that discussion, you will know why big blocksize is vital.


https://bitcointalksearch.org/topic/m.10456221

sr. member
Activity: 406
Merit: 250
Can anyone explain that new feature ?

20mg block size and fixed POS reward.

This POS reward is actually a clever feature.  It gives more incentive to stake, the money supply is fixed and deterministic.  To me the POS seems much cleaner and simplistic to other POS coins.  
hero member
Activity: 644
Merit: 500
nice strong buys but i dont yet see use for the coin. too early to speculate good luck as nice trading this

the use of this coin is in proving this next fen tech

if indeed they are testing it then im confident this will fade away as bitcoin replacement would not be called bitbean. they are just testing it for no real purpose. if its not them then id be intrested. i wouldnt be surprised to see a wave of coins saying new tech max size 20mb lol.

there are 40btc in buys but 18btc of those orders sitting under 7sats. that shows they have little intent of buying

So you're saying this could be the next wave of bad forks in coins, like what happened when BTCD hit it big? Possibly, it'd be good marketing, lol.

just saying trade do not invest in this
Agreed, but aye, just like most alts out there
hero member
Activity: 616
Merit: 500
nice strong buys but i dont yet see use for the coin. too early to speculate good luck as nice trading this

the use of this coin is in proving this next fen tech

if indeed they are testing it then im confident this will fade away as bitcoin replacement would not be called bitbean. they are just testing it for no real purpose. if its not them then id be intrested. i wouldnt be surprised to see a wave of coins saying new tech max size 20mb lol.

there are 40btc in buys but 18btc of those orders sitting under 7sats. that shows they have little intent of buying

So you're saying this could be the next wave of bad forks in coins, like what happened when BTCD hit it big? Possibly, it'd be good marketing, lol.

just saying trade do not invest in this
hero member
Activity: 644
Merit: 500
nice strong buys but i dont yet see use for the coin. too early to speculate good luck as nice trading this

the use of this coin is in proving this next fen tech

if indeed they are testing it then im confident this will fade away as bitcoin replacement would not be called bitbean. they are just testing it for no real purpose. if its not them then id be intrested. i wouldnt be surprised to see a wave of coins saying new tech max size 20mb lol.

there are 40btc in buys but 18btc of those orders sitting under 7sats. that shows they have little intent of buying

So you're saying this could be the next wave of bad forks in coins, like what happened when BTCD hit it big? Possibly, it'd be good marketing, lol.
hero member
Activity: 952
Merit: 501

If you want to know more about that big blocksize 20M proposal by Gavin Anderson,

Check these posts:



1 http://www.gavintech.blogspot.hk/2015/01/looking-before-scaling-up-leap.html

Code:
I just had to figure out how to repackage them into bigger blocks. After a couple of false starts over a couple of frustrating days (wouldn't it be nice if our ideas always worked perfectly the first time?), I came up with the following scheme:

First, I hacked the reference implementation and changed some constants related to the block size (MAX_BLOCK_SIZE, DEFAULT_BLOCK_MAX_SIZE, MAX_BLOCKFILE_SIZE). That part is easy.

The tricky bit is how to take transactions from the 1-MB and repackage them in bigger blocks. For most transactions, it is trivial, because ordinary transactions don't care what block they are in.

There are two exceptions:

1. Transactions that use the 'locktime' feature so they are not valid until a particular block height or date. I dealt with these by simply treating all transactions as 'final'.

2. There are special rules for 'coinbase' transactions: there can be only one coinbase transaction per block, it must be the first transaction, etc. My first couple of false starts went down the path of relaxing those rules, but I gave up that approach because I found myself changing more and more code. I think if I was 22 years old I probably would have just forged ahead, unwilling to let go of a couple of days of programming effort because "just one more change and it will probably all start to work..."

I wonder if old programmers throw away more code than young programmers. I bet we do.

Anyway, after a rethink I came up with a much cleaner solution for handling coinbase transactions from the real blockchain: I write them to a 'coinbasetx.dat' file which the hacked bitcoind reads at startup and stores in memory (there are only 73 megabytes of them). As blocks are added to the big-block chain, those coinbases are added to the "unspent transaction output set" so they are available to be spent (and I set the COINBASE_MATURITY constant to zero instead of 100, so they can be spent right away, in the same big block).

I wrote a tool ("gen_megablocks") that creates the coinbasetx.dat file and blk*.dat files that are valid-but-oversized, -regtest-mode blocks.

2 https://blog.bitcoinfoundation.org/a-scalability-roadmap/

My rough proposal for optimizing new block announcements resulted in lots of discussion about lots of scaling-up issues. There was some misunderstanding that optimizing new block messages would be a silver bullet that would solve all of the challenges Bitcoin will face as usage grows; this blog post is meant to sketch out one possible path for the behind-the-scenes technical work that is being done (or will need to get done) over the next few years to scale up Bitcoin.

3 http://gavintech.blogspot.de/2015/01/twenty-megabytes-testing-results.html

But then we need a concrete proposal for exactly how to increase the size. Here's what I will propose:

Current rules if no consensus as measured by block.nVersion supermajority.
Supermajority defined as: 800 of last 1000 blocks have block.nVersion == 4
Once supermajority attained, block.nVersion < 4 blocks rejected.
After consensus reached: replace MAX_BLOCK_SIZE with a size calculated based on starting at 2^24 bytes (~16.7MB) as of 1 Jan 2015 (block 336,861) and doubling every 6*24*365*2 blocks -- about 40% year-on-year growth. Stopping after 10 doublings.
The perfect exponential function:
size = 2^24 * 2^((blocknumber-336,861)/(6*24*365*2))
... is approximated using 64-bit-integer math as follows:



double_epoch = 6*24*365*2 = 105120
(doublings, remainder) = divmod(blocknumber-336861, double_epoch)
if doublings >= 10 : (doublings, remainder) = (10, 0)
interpolate = floor ((2^24 << doublings) * remainder / double_epoch)
max_block_size = (2^24 << doublings) + interpolate
This is a piecewise linear interpolation between doublings, with maximum allowed size increasing a little bit every block.


4 bitbean source code main.h

https://github.com/nokat/bitbean/blob/master/src/main.h

from line 34

Code:
static const unsigned int MAX_BLOCK_SIZE = 20000000;
static const unsigned int MAX_BLOCK_SIZE_GEN = MAX_BLOCK_SIZE/2;
static const unsigned int MAX_BLOCK_SIGOPS = MAX_BLOCK_SIZE/50;
static const unsigned int MAX_ORPHAN_TRANSACTIONS = MAX_BLOCK_SIZE/100;
static const unsigned int MAX_INV_SZ = 50000;
static const int64_t MIN_TX_FEE = 1000000;
.....


hero member
Activity: 550
Merit: 500
Can anyone explain that new feature ?
hero member
Activity: 616
Merit: 500
nice strong buys but i dont yet see use for the coin. too early to speculate good luck as nice trading this

the use of this coin is in proving this next fen tech

if indeed they are testing it then im confident this will fade away as bitcoin replacement would not be called bitbean. they are just testing it for no real purpose. if its not them then id be intrested. i wouldnt be surprised to see a wave of coins saying new tech max size 20mb lol.

there are 40btc in buys but 18btc of those orders sitting under 7sats. that shows they have little intent of buying
legendary
Activity: 1148
Merit: 1000
nice strong buys but i dont yet see use for the coin. too early to speculate good luck as nice trading this

The speculation is on who's behind it, and why the block size increase? Is it a test for something else? Also what the new OP will look like. Well written OP but the DEV hase plans to elaborate on what he has planned (reserved 1st reply) excited to see what they got.
legendary
Activity: 1428
Merit: 1001
Fucker of "the system"
nice strong buys but i dont yet see use for the coin. too early to speculate good luck as nice trading this

the use of this coin is in proving this next gen tech

so beat this network up like a 14 year old virgin the night before u turn 18
hero member
Activity: 952
Merit: 501
This is the first big 20MB blocksize coin.

We should ask Gavin Anderson to check his proposal for improve bitcoin core has been completed by bitbean.

https://blog.bitcoinfoundation.org/a-scalability-roadmap/





ps: this coin is amazing. Wink
hero member
Activity: 616
Merit: 500
nice strong buys but i dont yet see use for the coin. too early to speculate good luck as nice trading this
hero member
Activity: 644
Merit: 500
Thanks Mrcashking
600k BITB bounty sent
9849b375fa869537938fddcbe7cf3b5dda315e82f38fcb869329ea4f0a6dfec3

Basic block explorer will be up later today
Going to get a new one also today or tomorrow that has a richlist and some other cool features.

OP tell us moar, specially about bitbean relationship with bitcoin core developers.

+1 I have a feeling nokat is someone big in the Bit/alt world. Would be nice to know his relationship to other projects.
Not saying that it's likely, but wouldn't it be crazy if they were testing the 20MB block size, as well as adding PoS to Bitcoin..  Roll Eyes

P.S. It's looking like the next push up in price is coming soon..

It's a good test for a bitcoin fork. Almost #1 on bittrex, volume going crazy!

+1 on that . I know I would love to see it just keep rising and rising .
And the dev is at least at work. OP updated to include the new logo and the block explorer is almost here!
http://cryptobe.com/chain/BitBean

Edit: These buys though..
sr. member
Activity: 392
Merit: 250
TimSweat
Thanks Mrcashking
600k BITB bounty sent
9849b375fa869537938fddcbe7cf3b5dda315e82f38fcb869329ea4f0a6dfec3

Basic block explorer will be up later today
Going to get a new one also today or tomorrow that has a richlist and some other cool features.

OP tell us moar, specially about bitbean relationship with bitcoin core developers.

+1 I have a feeling nokat is someone big in the Bit/alt world. Would be nice to know his relationship to other projects.
Not saying that it's likely, but wouldn't it be crazy if they were testing the 20MB block size, as well as adding PoS to Bitcoin..  Roll Eyes

P.S. It's looking like the next push up in price is coming soon..

It's a good test for a bitcoin fork. Almost #1 on bittrex, volume going crazy!

+1 on that . I know I would love to see it just keep rising and rising .
legendary
Activity: 1148
Merit: 1000
Thanks Mrcashking
600k BITB bounty sent
9849b375fa869537938fddcbe7cf3b5dda315e82f38fcb869329ea4f0a6dfec3

Basic block explorer will be up later today
Going to get a new one also today or tomorrow that has a richlist and some other cool features.

OP tell us moar, specially about bitbean relationship with bitcoin core developers.

+1 I have a feeling nokat is someone big in the Bit/alt world. Would be nice to know his relationship to other projects.
Not saying that it's likely, but wouldn't it be crazy if they were testing the 20MB block size, as well as adding PoS to Bitcoin..  Roll Eyes

P.S. It's looking like the next push up in price is coming soon..

It's a good test for a bitcoin fork. Almost #1 on bittrex, volume going crazy!
hero member
Activity: 644
Merit: 500
Thanks Mrcashking
600k BITB bounty sent
9849b375fa869537938fddcbe7cf3b5dda315e82f38fcb869329ea4f0a6dfec3

Basic block explorer will be up later today
Going to get a new one also today or tomorrow that has a richlist and some other cool features.

OP tell us moar, specially about bitbean relationship with bitcoin core developers.

+1 I have a feeling nokat is someone big in the Bit/alt world. Would be nice to know his relationship to other projects.
Not saying that it's likely, but wouldn't it be crazy if they were testing the 20MB block size, as well as adding PoS to Bitcoin..  Roll Eyes

P.S. It's looking like the next push up in price is coming soon..
legendary
Activity: 1148
Merit: 1000
Thanks Mrcashking
600k BITB bounty sent
9849b375fa869537938fddcbe7cf3b5dda315e82f38fcb869329ea4f0a6dfec3

Basic block explorer will be up later today
Going to get a new one also today or tomorrow that has a richlist and some other cool features.

OP tell us moar, specially about bitbean relationship with bitcoin core developers.

+1 I have a feeling nokat is someone big in the Bit/alt world. Would be nice to know his relationship to other projects.
hero member
Activity: 582
Merit: 500
Thanks Mrcashking
600k BITB bounty sent
9849b375fa869537938fddcbe7cf3b5dda315e82f38fcb869329ea4f0a6dfec3

Basic block explorer will be up later today
Going to get a new one also today or tomorrow that has a richlist and some other cool features.

OP tell us moar, specially about bitbean relationship with bitcoin core developers.
legendary
Activity: 1148
Merit: 1000
4.3 BTC to 30 satoshi. Eat it!!!
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