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Topic: [ANN]-[IUM] Neuralium MAINNET launch date Confirmed. January 23nd 2021 ≈11:00-5 - page 2. (Read 3454 times)

sr. member
Activity: 1540
Merit: 282
tBTC - https://dapp.tbtc.network/
https://discord.com/channels/619305180235825162/680089781618737203/819984300765347881

@stoner19(Moderator) has created a private, independent and unnoficial but "friends of the project" community dedicated to OTC trading with the IUM. We the Neuralium team can never discuss money because as we all know so well by now, the IUM has no monetery value and never will, but there is still the need for safe OTC transfers between people. Stoner's new community aims to help bring people together for this purpose.

We the IUM dev team like to encourage good projects from the community so we give it a recommendation here. In the future, the Neuralium team will offer escrow services for on the blockchain gated OTC trades, this service will help us raise some operating funds for the project. but until then, we will observe and see how this public community will grow.

good luck to all and we will hang out there once in a while as observers.

https://discord.gg/ZvwjYM8cRd



If you do not have time to mine it or you want to sell/buy IUM, you can go directly to that link above.
That is an unofficial discord server created by a moderator and the community, but do not worry so far everything is fine.
A few people already made their deal there so far.
newbie
Activity: 21
Merit: 0
jr. member
Activity: 96
Merit: 6
hey everyone,

little update to inform you that the latest version 1.0.1.24 is finally released with multiple bug fixes.  The whitepaper has also been updated with a first draft of the inflation model.

 

1.0.1.24 release notes
--------------------

1. The Reset the wallet index operation now allows to clear the transaction and timeline history. Most of the time it is not required, but it can help remove transactions that may be added as duplicates by mistake. Simply check the "Clear Entire History" open in the wallet before resetting the index. As always, a wallet backup is recommended before performing the operation

2. The "attempt wallet rescue" operation has been removed since it will be rescued automatically from now on if any incomplete transaction is detected. A new version which will be more sophisticated will be added in a further version.

3. Breaking changes in the format of gossip messages has been implemented. these changes improve the ability of a node to optimize the flow of messages under high load, and will result in significant performance enhancements when high gossip load is underway. 1.0.1.24 will thus be incompatible with previous versions when propagating gossip messages.

4. In order to improve assurances of data integrity of the wallet during write to disk operations, this version adds 2 new options:
{"AppSettings": {
  "NeuraliumChainConfiguration": {
    "EnableTransactionFileVerification" : true,
    "EnableTransactionDataVerification" : true
  }
}}
Both options are disabled by default and can be enabled if desired.

a. EnableTransactionFileVerification = true|false : If enabled, all files written to disk during a wallet transaction will be re-read and verified for data integrity to the original file before being committed. It can slow the transaction speed and use more battery, but will offer much stronger assurances of data integrity.

b. EnableTransactionDataVerification = true|false : If enabled, all compressed and encrypted files will be verified for validity before being written to disk. It can slow the transaction speed and use more battery, but will offer much stronger assurances of data integrity.

Also note that these protections entail more data checks and may result in reduced battery performance.

5. Daily automatic backups have been added to the wallet for increased data integrity security. This behavior is enabled by default and will automatically make a new backup every day
that the wallet is running. Up to 5 backups will be kept in history at all times. These backups can later be used to perform advanced wallet rescue if any corruption ever happened. (rescue wallet will be implemented in a later version)

{"AppSettings": {
  "NeuraliumChainConfiguration": {
    "EnableAutomaticWalletSafetyBackups" : true
  }
}}

6. please take notice that although v24 has a lot of bug fixes, it did not receive all the attention that was required to be fully stable. the team was busy in security work during it's development cycle. 1.0.1.25 will probably be the version everyone is truly waiting for.
jr. member
Activity: 96
Merit: 6
it is a very good opinion Daltonik, and very valid also. we could certainly go in that sense and it would work. but let's consider what motivates the choice to keep going with the current model:

The current inflation is actually not a lot. You are looking at the total and think it is high, but it is not. The inflation is dynamically calculated to remain stable and pegged to active miner count to a ratio of 10 tokens per day per miner.  so even if the inflation seems to be large, it is only because the number of active miners of IUM has been growing VERY quickly!  

so, we have a lot of tokens, but also a lot of users. But we have to consider that every real user brings a larger economy, with more activity, more hands to use these tokens, and the economy increases with every new user also. so, the token count goes up, but so does the size of the economy, proportionally.

at 10 tokens per day per miner, it's an average of 3650 tokens per year per miner. it really is not such a large amount. Thus, we really have to take the total "per capita", and never as a whole.

What IUM is doing has never occurred in the history of humanity. Never in history has a resource been:

1. impossible to corner by anyone, available to all at all times
2. inflation actively and proportionally pegged to the number of active miners at all times.

this has never been done before, we are making history here!  and the results will be the best, most stable and most accurate inflation ever; Laser precision!

so let's keep going and let the IUM ecosystem continue to grow, and you will see, the IUM economy will be the most stable of all, because the model is balanced now and forever.

the whitepaper will be updated in the coming weeks to explain the inflation model in greater detail. this will help explain it well. as soon as i have time to write it...  Smiley
legendary
Activity: 2618
Merit: 1505
It seems to me that it is better to make a fixed issue of coins that is not tied to the number of miners and make it reasonable, if the algorithm allows it, now circulation supply 2,525,588.386108399 IUMs on average 143 blocks are mined per day mining began in early January, but there were a small number of blocks mined in the first days, 143 blocks per day the network began to mine from January 26. Thus, in 45 days, 2,525,588 IUMs were extracted, it turns out that the reward for the block is 392,47 IUMs, I think that this is quite a large amount, it turns out that in a year the inflation will be 20,485,324 IUMs. But now if you reduce the reward for a block you will have to do halving like bitcoin and is this provided for in the Neuralium network?
jr. member
Activity: 96
Merit: 6
Hey everyone!

well, I barely slept last night; I was thinking intensely about the topic of the potential modification to the daily user:token ratio, and I am confident that I found the right solution.

First and foremost, I want to thank EVERYONE, whomever you are and wherever you are in the world for your thoughts, comments and participation yesterday in the discussion.  What it showed to us all is that we have a fantastically smart, powerful and engaged community that is able to think and reflect as a team and as a unit, and that we are very powerful all together. The new IUM community is top in class and I am VERY proud to be with every single one of you. thank you for joining up with us!

So, I came up with the question yesterday because in the end, the IUM is doing something that is entirely new and something that has never been done in humanity up to this point. A constantly growing (mining) token pool that is pegged to both a daily user:token ratio AND pegged to the block active miner count is completely innovative. nobody has ever done it before at such a large and dynamic scale before. And since it is all new, we are all learning as we go about how this inflation model will behave over time and with fluctuations of active miners. We are all learning as we go, and so am I, and it is normal to reflect and question certain things until they become clearer.

In the end, after intense reflection and spining it all from all angles, I came to the conclusion that our current model is already perfect and does not require any changes at all. As we all know, the key to inflation is it's constance and predictability. Inflation can increase or decrease over time, this is actually fine as long as the rest of the economy proportionally follows with it. But what truly matters is that this inflation be constant and predictable in time. In this vein, I realized that we could not change the inflation model now; it is too late. We made a choice at launch, and now we live with it forever.

The current formula generates very nice numbers. For example, I inquiried with a distant friend that I knew was mining last evening to gather some comments, and she told me that within 3 or 4 hours, she had mined 2 IUMs. I reflected on this and realized, these are fantastic numbers!   0.000343211 would be an impractical number, but 2, it's perfect.

The real issue and what prompted me to consult the community was not the formula per say, but rather that this formula would make very large numbers over time as the daily mining always carries over. For example, when we have a billion miners, then the mining would unlock 10 billion tokens per day! its a large number, even if it remains a proportional 10 tokens per day per miners (which produces stable inflation). There would one day come a time where this number would be too impractically large for the human mind, and this is where I thought we might need to adjust the ratio. But in the end, the numbers are arbitrary and can become arbitrarily large, the only thing affected is their human level usefulness (ease of use. for example, it is much easier to use 10 tokens then 10,000,000,000 tokens, even if 10 is really 0.0000000001 relative to the larger version.)

So, the solution I came up with is to inspire from the concept of decimal readjustments like the mBTC and uBTC concepts in bitcoin and create the concept of an IUM scale modifier that represents the inverse of a 10 based logarithmic scale.


I thus introduce the (tentative) scale format for IUM as IUM|x, meaning the inverse logatihmic scale modifier to apply to the number. the modification formula thus becomes y = IUM * (10^x);

example, for now, the baseline IUM represents IUM|0. so IUM == IUM|0.

10 IUM|0 is equal to 1 IUM|1. (1*(10^1)) = 10;

---------

1000 IUM|0 is also equal to:

1 IUM|3 (1*(10^3)) = 1000.
10 IUM|2  (10*(10^2)) = 1000.

-----------

1_000_000.1 IUM|0 is also equal to:

1.0000001 IUM|6 (1.0000001*(10^6)) = 1_000_000.1
10.000001 IUM|5 (10.000001*(10^5)) = 1_000_000.1
10_000.01 IUM|2  (10_000.01*(10^2)) = 1_000_000.1

etc.

For the forseable future, we will stick with the default baseline of IUM (a.k.a. IUM|0), but in the coming years, we will add the concept of scale modifier. Then as the token base grows over time, the scale can be adjusted infinitely to push us into the future and maintain perpetual proportional balance.

This concept combined with a stable inflation per block active miner becomes the most powerful inflation method that has ever existed in humanity up to this point. And we can be very proud to be on the forefront of innovation. lets keep going, great things are ahead of us.

I will define all the above in much greater detail in the whitepaper in the coming weeks once I have time to sit down and write this new chapter in our story.
jr. member
Activity: 96
Merit: 6
hey! thanks Javi for posting this.

Yes, we are facing our first big community decision.  When we started in January, we took a decision, and now that we have about a month and a half of observation, we can better evaluate the consequences of these decisions and adjust if necessary. In this case, the 10:1 token per user per day ratio is proving to make the numbers of tokens a bit high, and it will become more of a potential issue in the future once the number of user grows and time passes by.

So, while it is still early, we have an opportunity to reevaluate our decision and correct course with what we now know. its a community decision, so everyone's vote matters. if we stick to 10:1, its perfectly fine, and we will live with the numbers.  if we retarget to 1:1, then numbers will be smaller, easier to manage for people. it will give a bonus for the early miners, but it is fair since mining was very rocky in the first few weeks, and miners deserve the bonus for having stuck with the token during it's difficult times and help us push through.  anyways, the depreciation through the early years will mitigate this advantage very quickly, so we are still fine to adjust.

it's exciting, our first community move all together,   Grin
sr. member
Activity: 1540
Merit: 282
tBTC - https://dapp.tbtc.network/
There is a vote happening until the end of the day talking about re-targeting the inflation ratio on Discord.

I am thinking of re-targeting the inflation ratio from 10:1 tokens per user per day to 1:1. The reason is, the numbers are going up a bit too quickly.
if we do this, it would give a huge bonus to early miners, but the bonus is not yet too large, we can still adjust. and we can say that this bonus is to compensate for the buggy first 3 months that we had; which is somewhat fair.
please vote with the reaction icons:
if you agree that we should retarget to 1:1 then vote Thumbs up, if you think we should stick to 10:1, then vote thumbs down

https://discord.com/channels/619305180235825162/680089781618737203/818129334640181268

Vote your option and let the team hear your opinion about this matter, your voice matters a lot for the future.
jr. member
Activity: 96
Merit: 6
what is this?



a simple display bug. to be fixed in the future when we can get around to it
jr. member
Activity: 96
Merit: 6
Thank you Javi!

yes, very important, everyone should upgrade to the new version v23. Desktop is already released and mobile will be released anytime now. It has very important bug fixes and previous versions should be deleted as they can be dangerous if transactions are sent. Same thing for appointments, v23 is now required to make appointments.

so, after all this, v23 has been released and seems to finally bring us the stability we wanted. It was a lot of work, but we did it! so, we can finally breathe a bit. IUM is on rails; there are still a few bugs here and there but nothing catastrophic. mobile mining is stable; server mining is stable; now we are getting somewhere.

so, at this point, here is what we have ahead of us:

1. mining pool.

we will begin work on the pool this week. I already have the design in mind, so it's just to put it down on paper, and then the team will share the dev load. I myself am often called to fix bugs on the server nodes so I can't quite focus on the pool too much. Will take care of the design and then hand it over.

2. The mining pool is the prerequisite for us to get back into the app stores

we know that behind the appstores is a tsunami of users. In order to accomodate them, we need code to be stable (pretty much there) and we need a pool. so let's revisit this topic once the pool is live, perhaps in a month

3. documentation

obviously, all this crazy work since december prevented us to find the time to update the documentation. Whitepaper needs a serious review, and of course, general documentation for the various software we publish.

4. The final inflation formula

Since launch, we used a simplistic inflation formula which was fine up to this point. Now I want to design the actual formula that will keep us going for the foreseeable future. Once this new formula is coded, I will publish it on github and the current one will become an antique. (i will publish the current one too, so we can have the history of inflation algos)

5. More sophisticated server verification

The server verification protocol we use right now is effective but simplistic. In order to be ready for decentralized appointments, we need to test port 32888, and perhaps test for general latency, "pocket" THS, also blockchain sharing memory hard questions, etc. So the validation protocol will be made more sophisticated in the coming weeks

6. patience

other than that, we just have to be patient. Every day, more tokens are mined and released out in the world, and more users join all the time. More users talk to their friends which brings even more users, and so we grow. We just have to be patient and every day, the IUM reputation solidifies a little bit more
if you are curious, we now have 3750 server miners and 5150 mobile miners for an estimated total of 8900 miners
growing every day. now that appointments are fixed, more will come as we know some people lost their verification.


so, if you never tried the IUM before, now is a good time to do so. Hope to see you around and come to see us on discord.
sr. member
Activity: 1540
Merit: 282
tBTC - https://dapp.tbtc.network/
Since JD has not posted anything about it here and it is pretty crucial or important for the users.

https://discord.com/channels/619305180235825162/619305180235825166/815929976129060884

Quick note for those who have upgraded their wallet either it is a server or a user wallet to v22.
v22 has a bug in base32 serialization that is causing issues with account Ids, there is a chance for your transaction to go missing.
That means please do not send anything right now if you are still using this version to prevent you from losing your coin.

jr. member
Activity: 96
Merit: 6
yup, network is fine and going strong. and every day we fix more bugs that make it even better. for example, v22 brings in more fixes that will make a huge difference.

Some people don't understand what is the process of development of new and innovative projects.  They forget that BTC was riddled with bugs for it's entire first year of existence too. They only want the "corporate experience" of pitch perfect software from day one. For these people, other projects are surely better; IUM is fully home-brew. Getting massively better every day though, but still hand crafted by a small team of 4 unpaid devs.  Some people will never understand that and it's fine. let's move forward shall we.   Smiley

For everyone else, version 1.22 should arrive by the end of the week end and will bring a large number of bug fixes. stay tuned
legendary
Activity: 2618
Merit: 1505
yes, continue speaking like a polithic about abstract things and not materials facts.
and keep ignoring the problem of sync stucked from more than 12h Cheesy
your project deserve total failure if you are not able to fix a thing like this
really people want to listen someone that don't care that at all?

I am not sure that desynchronization is a common problem, for example, I switched to using the mobile version of mining and there is no lag from the network for the last four days, according to my observations, the transition from the mobile network to wi-fi is not noticeable. Smiley
jr. member
Activity: 96
Merit: 6
Hey everyone!

here is an update from the team.

Things are doing very well, we now have 8000 active miners, and still growing fast, yoohoo! The team continues to be very active in improving everything daily. every day a bit better as we say.

Now important for everyone, we all have to update to the latest version of 1.0.1.20.  I had a bug in my math and the account Ids in previous versions are wrong, so we all need to upgrade to latest version. Especially if you intend to do appointments. Due to regional differences in the dates interpretation, we had to change the format to make sure it was more international, and everybody needs to new version to perform appointments correctly.

Because of this week's transition to the new version, appointments will surely be rocky a bit this week, but everything should be resorbed by next week. again, be sure to keep up to date on versions, it will move fast this week.

We also finally decided on our the schedule that will get us going for the next few months.  Here it is:

  • Central region will be on Mondays at 12:00 UTC
  • Orient region will be on Wednesdays at 16:00 UTC
  • Occident region will be on Saturdays at 00:00 UTC   (friday in the targeted timezones)

so come and visit us in our channels, at this point, sky's the limit everyone!

member
Activity: 157
Merit: 10
yes, continue speaking like a polithic about abstract things and not materials facts.
and keep ignoring the problem of sync stucked from more than 12h Cheesy
your project deserve total failure if you are not able to fix a thing like this
really people want to listen someone that don't care that at all?
jr. member
Activity: 96
Merit: 6
beautiful attempt at false equivalencies, bravo marco, you are right in your mind i guess. and because the IUM sucks for you, you will go to beautiful BTC right, I wish you the best of success. again have a good life.



Now for the smarter people out there with the ability to think and see the world like it truly is, here is a bit more for your convenience.

Many people are way to quick to place decentralized/centralized dichotomy in a black & white paradigm.
not all decentralization is good, and not all centralization is bad. People are becoming obsessed with this, and their beliefs on the matter are based on complete ignorance of the nuances of the matter. the truth is that everything in this world is centralized. Computer manufacturing is centralized, electricity production is also. this very board is too. Centralization is unavoidable right now because decentralization is the victim of human nature. The key is not to avoid or hate this fact, it is to structure it in a way that is good for everyone. This is why that the true workable solution to the problems of this world is accountability through transparency.

Bitcoin, ETH 1 & 2, Monero, XRP, IOTA and many others are all fully centralized, point blank. The users have no control. In the case of pool dominated tokens like BTC for example, it is the pool that has all the power and users have no choice but which pool they will mine on. The pool makes all the blocks and picks all the transactions and receives all the tokens. The users are just delegated the scraps. If the pools stop operation, the tokens remain stuck to impossible difficulty levels from which they will never come back down unless centralized again.

there is a quote I love:

Quote
The Greatest Trick the Devil Ever Pulled Was Convincing the World He Didn’t Exist


this is VERY true with crypto. some very clever minds have managed to market cryptos as if they are decentralized and the people believe that. But the cryptos are not decentralized at all, every single one of them, no exception (any successful and large enough one). These cryptos are very centralized and DANGEROUS, because they are disingenuous and hide this centralization, which is the absolute worst kind of oppression: hidden absolute power with no accountability.

and hence again:

Quote
The Greatest Trick the Devil Ever Pulled Was Convincing the World He Didn’t Exist

there is nothing worst than thinking that we are free when it is not so. If there is a government or some form of management entity, it should be KNOWN, it should VISIBLE, it should be ACCOUNTABLE and it should be TRANSPARENT. Failing at all these things, cryptos are a tyrannical synarchy.

====================
FYI, wikipedia definition for the word "synarchy":
https://en.wikipedia.org/wiki/Synarchism

Quote from: wikipedia
The word synarchy is used, especially among French and Spanish speakers, to describe a shadow government or deep state, a form of government where political power effectively rests with a secret elite, in contrast to an oligarchy where the elite is or could be known by the public.


====================


Neuralium is actually being honest about being managed by a custodian that is transparent (and will be more and more as we move forward), and we get flamed for being truthful and honest; It's a sad state of affairs. But lets move on, we can change the way people think about transparency in the world. We will bring honesty and accountability through cryptographic transparency. The people will get used to accountability through transparency and will begin to request it in more institutions. we are starting a movement, one that can make a real difference!

another similar quote from Charles Beaudelaire:

Quote from: Beaudelaire
One of the artifices of Satan is, to induce men to believe that he does not exist

im not talking about religion at all here, just taking the quote to image the fact that the most evil bad actors will hide to make a product seem to be without influence, while they very much are. People hate the banks, think they are fighting the banks with crypto, but they don't realize the banks (through their various forms) are already behind all the cryptos and control it all. except with crypto, they are not accountable to anyone and can run a full on tyranny. If the mining pool owners decides to block your transactions, who will you turn to? exactly...

cryptos are a synarchy, a very very cleverly disguised one to boot. Neuralium is honest, and we put all the cards on the table. its the only way we can build something true and great in full honesty and respect of people and humanity
member
Activity: 157
Merit: 10
your way to answer questions denying what i say but confirming that few lines later is unique in the world. ridicolous Wink

DENYING:
It is not something that is changed on a whim, like you seem to imply. It is a formula that is known to the public and is not changed often if ever.
CONFIRMING:
But it could be changed if inefficiencies in the inflation were detected, and this is always done with the public and is also true of other tokens;
you have chance to change that? yes. so you can't keep deny what i said. only because you don't do now does not mean you won't do in future.
moreover are we really sure that accounts getting high rewards when these "strange" network problems are not really yours? i'm referring accounts that the other customers shared before. or do you want a refresh memory?

DENYING:
Comparing Neuralium to a bank is trolling in it's purest form; banks are an entirely different thing and you are only trying to hurt by throwing ad hominem attacks towards the project. this is trolling at it's best.
CONFIRMING:
roles 1: Benevolent custodian of the token:  like any token out there, there is a dev team (a company) that takes care of managing the token.
i can call this a bank Wink other coins does not have your power, other coins are managed from miners, not from a company. keep denying that if you like.

you use different words but they are the same Wink
i can call my cat a dog, but always a cat remains
jr. member
Activity: 96
Merit: 6
marco: you sure seem to have quite the grudge and an axe to grind Wink

The Neuralium inflation model is a formula that is pretty much constant, and it has to be keept that way so that the inflation remains balanced. It is not something that is changed on a whim, like you seem to imply. It is a formula that is known to the public and is not changed often if ever. But it could be changed if inefficiencies in the inflation were detected, and this is always done with the public and is also true of other tokens; they will hard fork if they have to. The goal is to maintain the system stable.

Comparing Neuralium to a bank is trolling in it's purest form; banks are an entirely different thing and you are only trying to hurt by throwing ad hominem attacks towards the project. this is trolling at it's best.

but you know what marco, if you don't like Neuralium, just move on; go to the other 3000+ tokens out there. we never claimed to be everything for everyone. Some people wont like what we do and there is plenty of token diversity just for this. We strongly encourage and respect the other tokens, they have great offerings that offer something different for different kinds of people. Have a nice life!

I have a question for the developer, if a commercial company is registered in Canada, then it should earn. What will your company earn if you don't want to be in the business of selling your coin?

This is a great question!  I've answered it multiple times in discord and telegram, but I will be happy to do it again here:

We really are a crypto token service company; in short our business model is to make money on valuable services we will offer on the blockchain. We could have taken the easy way and done what everybody else does and start the services on an existing blockchain, but we have larger dreams. We knew we could make a better blockchain, especially one that had the features we wanted like being green (this is capital, we did not want to further help the destruction of the planet through mining), we needed quantum proof and other cool features that the IUM has or will have in the future.

So, we decided to create our own blockchain first, to the specs we wanted, and AFTER that we would start running services on that blockchain.

For sure, creating a new blockchain and crypto token took much more time than we had initially expected! haha, knowing what I know now, if I was to go back to the start of it all, im not sure I would do it again, lol. it was HARD!  but anyways, we are here now.

So, the idea is that we now have a defacto double role.

roles 1: Benevolent custodian of the token:  like any token out there, there is a dev team (a company) that takes care of managing the token. it is the roles we take on neuralium. Because of the laws in Canada, we are not allowed to make profit directly with the token itself and we are not allowed to mine it or it would be illegal and we would go to jail. so, we donate our time to maintain the project for free. This is good because it helps the team keep a cool head and remain disinterested with the token, in order to lead it correctly and bring it to become the best it can be.

Because we can't make money but it does cost money to maintain the IUM, we intend to do an  STO (on another new and independent token) later this year to fund the project through the community. a kind of "GoFundme".

2. once the blockchain is fully stable and working, then we will switch mode and begin creating valuable services on the blockchain, which is our primary business model. Anybody on earth is free to make services for the IUM ecosystem, and we will make some too. This should bring us some money to be able to operate. For example some of the first few projects we have in mind is a mining pool and escrow services to facilitate safe OTC transfers of tokens.
 
I hope this answers your question feeltun  Smiley
member
Activity: 1038
Merit: 16
I have a question for the developer, if a commercial company is registered in Canada, then it should earn. What will your company earn if you don't want to be in the business of selling your coin?
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