Topic: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue - page 40. (Read 27090 times)

I downloaded and installed the new version. Why does the client now work like this? I have an additional open cmd window. If I close it, my client closes as well. My OS Windows 10 Pro ver. 20H2.

Hi BGL community!

We have prepared a new new BGL core distribution, version 0.1.6 for major operating systems.
This one is important: we have synced to the BTC code for up to April 2021 (most credits go
to our fellow dev Emeka, he did huge amount of work).
As BGL is a fully decentralized system: a check is built-in if it would be possible to enable Taproot 6-months before BTC,
The parameters for switch are set as following:

- If 80% of last 2016 blocks upgrade to this taproot-supporting version bit by using latest distribution before 15 June 2021,
  then taproot would be enabled approximately on 1 July 2021 (block 66000).

This event is interesting in several regards, in particular, we can treat it as some forward-production testing for bitcoin to see how it work out (on a lesser scale) but in real (BGL) mainnet.

Some related reading regarding what is taproot:
- https://bitcoinmagazine.com/technical/taproot-coming-what-it-and-how-it-will-benefit-bitcoin
- https://bitcoinops.org/en/topics/taproot/
In short, Taproot and Schnorr signatures provide:
1. Better privacy for transactions, as various scripts, multi-signatures, etc. under most circumstances look like a regular tx on the blockchain;
2. Size reduction for some scripted transactions, like multi-signatures and others;
3. Creating a transactions requiring up to virtually unlimited number of signers.

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Please do upgrade your node (esp. if you're running pool) to the latest version
version 0.1.6 (available in GitHub releases)

Linux (BGL node): https://github.com/BitgesellOfficial/bitgesell/releases/download/0.1.6/bitgesell_0.1.6_amd64.deb

Linux (with Qt wallet): https://github.com/BitgesellOfficial/bitgesell/releases/download/0.1.6/bitgesell-qt_0.1.6_amd64.deb
MacOS: https://github.com/BitgesellOfficial/bitgesell/releases/download/0.1.6/BGL-Qt_0.1.6.dmg
Windows (64-bit installer): https://github.com/BitgesellOfficial/bitgesell/releases/tag/0.1.6 (download .exe)
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I activated the PIN, overloaded the app, and tried many times to enter the wrong PIN. The system allowed me to do this an unlimited number of times. Maybe make a timeout after a certain number of failed attempts? Or completely block the application in order to prevent hackers from using the funds in case of theft? Otherwise, you can search for the correct PIN in a certain amount of time.

Hi! We've already added a new functionality of PIN! Would you update APP from play market. Also If you need something else, let me know!

I know Binance give free listing but they break their reputation with SUSHI and the tweet from Changpeng Zao months ago in 2020. Recently they listed SHIBA and said it is because demand from the community.

They list coin or token because they see potential to get money from exchange fee.

I raised my opinion in previous post that the Bitgesell team can consider about community donation for listing. It is not weird idea in crypto.

Now the hashrate of the network is more than 70 TH/sec. Tell me, how many devices are currently mining BGL? I think this may be an approximate value. And which device is now the most profitable for mining the Keccak algorithm?

I totally agree this is one of the coin that has a potential right now, and it's only a matter right now before we are in a good situation, they just continue marketing this coin, they are on the top media and they have the support of some of the ranking members of the community, I believe Bitgesell will be push to the top by one big news, developers and community are working hard to get to the top

From what I know in Binance, they don't charge listing fee but some sort of donation fee as they send those funds to charity. So it depends on the project itself, how strong this is in the market. Like for example, SHIB, Binance listed it because of the demand from the market, and they know they need to list it to get the share from the market. And we all know, there's nothing in its foundation. But for other exchanges, would be hard if you have no funds as they have ridiculous fees that the team can use it for their development instead.

Do you know the common listing fee on exchanges nowadays?

Tier 1 and lower Tier exchanges. I hope that exchanges don't charge too expensive listing cost.

If possible, the community can consider to contribute to the listing pool for this project. One person can not help but if the community do together, the listing pool will have good fund.

Generally, contributions will bring win win situations for all participants in the pool.

The team can run a contest with it too. Contributors will have records for their donation amount. If the listing process goes well and the price after listing is a big successful, top contributors will be rewarded with some awards.

50 BGL now can have same value of 10 BGL after a big successful listing. I think it is fair enough if 50 BGL contributor will be rewarded back with 5 BGL award. 

the biggest obstacle is in listing BGL on many other exchanges, I don't know what is the current criterion that big exchanges like kucoin, Binance, Huobi Global, Okekx, Bittrex and poloniex. But there are many other alternatives like:

Liquid

ZB.COM

BigONE

ProBit Exchange

BitForex

HitBTC

I'm pretty sure that making such conclusions based on a comparison of the total/circulating supply and the current price is a crappy decision, (especially considering that the cmc displays thousands of the same shitty coins with the same parameters). Therefore, my first question remains valid ... and by the way, since when is HotBit a top exchange?

I guess it's more on the supply of this coin, it's only 11,007,978.84 BGL circulating supply and the price is currently at 0.04 USD.. if Elon could pump DOge with billions of supply, then at least BGL could get $1 at a very minimum anytime, and more so once it's listed in bigger exchanges.

Can someone fill me in on the details of the hype? Since recently quite a lot of people have become interested in this little-known coin, (apparently I'm missing something).

The art of consecrating himself as king...


https://steemit.com/bitgesell/@eddyc/bitgesell-the-art-of-consecrating-himself-as-king


Good reading friends,

Diamond hands, please shill it to Elon. 

That guy has big interest with hidden germ.

MXC exchange can be a good start as preparation for Tier 1 exchange. I witnessed many small cap hidden germs listed in MXC and then went directly to Tier 1 exchanges.

I saw the community manager, Emma contacted Whattomine and it is a good initiative. Miners will join more and make the network stronger, healthier. Things will come naturally.

Only 21M coins, one tier 1 exchange can move the market to ATH!

BGL in Diamond hands!

Early stage, that is correct. If you actually install the Bitgesell wallet on your computer and sync it. You will notice in recent weeks, it takes more time to sync your wallet. If you sync its from genesis block, you will see the difference. It is possibly a signal for the network growth (not imply about network hashrate) and more transactions, adoption for Bitgesell.

Liquidity on exchanges, I believe we will see its growth more visibly. Buyers want to buy but want to bargain for cheap price. Sellers don't want to sell with low prices that they think as undervalued.

Sometimes, buyers and sellers will meet with each other in demand. 

The market is empty. You can buy about only 60k BGL coins and you will have to pay $1 per coin. Therefore, most of the day's trading is occupied by bots trading. This is DigiFinex data...



... for Hotbit volume of the Sell glass is the same.

No, they can always buy as much as they want, the demand will increase, the price will rise. Hotbit has millions of volume, if there's really a demand then we would see that the trading volume of BGL will also increase. The thing is, BGL is still in the early stage and exchanges are not liquid enough to expect a huge volume, this also affects the decision of the traders.

Because the market is very poor and those who want to can not buy a large number of coins so as not to greatly increase the price. There is a smooth gradual accumulation. I think you can guess why.