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Topic: [ANN][BWK] BULWARK | NO ICO | Masternodes | Accelerated PoW | Seesaw PoS/MN - page 26. (Read 125735 times)

full member
Activity: 378
Merit: 103
Revolutionising Marketing and Loyalty
The Bulwark Whitepaper has been streamlined and updated to clarify our goals. Give it a read and let us know what you think!

Whitepaper
https://bulwarkcrypto.com/docs/EN_-_Bulwark_Cryptocurrency_Whitepaper.pdf

Lightpaper
https://bulwarkcrypto.com/docs/EN_-_Bulwark_Light_Paper.pdf

(Translations coming soon!)

Just sent you a PM regards to that Wink
jr. member
Activity: 65
Merit: 4
The Bulwark Whitepaper has been streamlined and updated to clarify our goals. Give it a read and let us know what you think!

Whitepaper
https://bulwarkcrypto.com/docs/EN_-_Bulwark_Cryptocurrency_Whitepaper.pdf

Lightpaper
https://bulwarkcrypto.com/docs/EN_-_Bulwark_Light_Paper.pdf

(Translations coming soon!)
jr. member
Activity: 65
Merit: 4
Great work. Timely updates and awesome communication, really appreciate it guys (and gals?) Smiley

Thanks, we are trying our best!
jr. member
Activity: 32
Merit: 3
Great work. Timely updates and awesome communication, really appreciate it guys (and gals?) Smiley
newbie
Activity: 14
Merit: 3
UPDATE


Over the last few weeks we’ve been gathering all of the documentation and guides for everything Bulwark related. We've compiled it for you all in to an easy to use package, the Bulwark Knowledge Base -

http://kb.bulwarkcrypto.site/

Going forward, the Knowledgebase will be the home of all of our “How To” guides, documentation, and frequently asked questions, such as:

-How do I install a masternode?
-What is SeeSaw?
-SwiftTX explained

We welcome any feedback or suggestions for topics to cover, we will be expanding the Knowledgebase as Bulwark continues to be developed, starting with any topics you feel we have missed.
newbie
Activity: 16
Merit: 0
newbie
Activity: 14
Merit: 3
Hello BWK Community.

The game for the event has been decided by the community and it is going to be Town of Salem.

The event is going to be this Saturday(09.06.2018) and there is going to be a prize pool of 70 BWK!

So if you want to play you can register by filling this form + joining our Discord server!

Register here: https://[Suspicious link removed]/forms/lCGoXe3EtUBhGPNh1

Join our Discord here: https://discord.gg/prcbjFa

I hope to see you guys this Saturday!
full member
Activity: 322
Merit: 101
Update

As we get closer to the update, we wanted to give everyone a sense for what is going to be happening over the next few weeks. On block 172800, we will have our quarterly reward decrease. While the best we can do is approximate the date this will happen, it is set to occur 8.37 days from the time of this post, approximately June 9th/10th. We plan on releasing the new wallet update shortly after this occurs.

Once released, everyone will be required to update their wallets as well as their masternodes to the latest version. We will be updating our script so that masternode operators can login to their VPS and copy/paste a single command to update their node. We will then be immediately contacting exchanges and pool operators to update their wallets as well. Should anybody ignore the update, know that your wallet will simply just stop working as we pass over into PoS, so please follow directions.

We’ve tested the PoS changeover over half a dozen times and made a number of improvements to the process to make it as painless and bug free as possible. If all goes well, we should pass over into PoS on block 182700 with no issues. If an issue does arise, we may need to institute a slight rollback along with a new update. Hopefully this won’t be required, it is more of a last resort. Thank you to everyone that has been supporting us so far.

Once we pass over into PoS and do not need to keep a watchful eye out for nicehash attacks on our network, we’ll really be able to ramp up development on the project in the areas we want to improve and work on without having to concern ourselves with network maintenance as much.


Timely update,
Glat to see constant progress being made in Bulwark, keeping everyone interested in the project and new developments
full member
Activity: 406
Merit: 170
Update

As we get closer to the update, we wanted to give everyone a sense for what is going to be happening over the next few weeks. On block 172800, we will have our quarterly reward decrease. While the best we can do is approximate the date this will happen, it is set to occur 8.37 days from the time of this post, approximately June 9th/10th. We plan on releasing the new wallet update shortly after this occurs.

Once released, everyone will be required to update their wallets as well as their masternodes to the latest version. We will be updating our script so that masternode operators can login to their VPS and copy/paste a single command to update their node. We will then be immediately contacting exchanges and pool operators to update their wallets as well. Should anybody ignore the update, know that your wallet will simply just stop working as we pass over into PoS, so please follow directions.

We’ve tested the PoS changeover over half a dozen times and made a number of improvements to the process to make it as painless and bug free as possible. If all goes well, we should pass over into PoS on block 182700 with no issues. If an issue does arise, we may need to institute a slight rollback along with a new update. Hopefully this won’t be required, it is more of a last resort. Thank you to everyone that has been supporting us so far.

Once we pass over into PoS and do not need to keep a watchful eye out for nicehash attacks on our network, we’ll really be able to ramp up development on the project in the areas we want to improve and work on without having to concern ourselves with network maintenance as much.
member
Activity: 95
Merit: 10
Hey everyone! The Bulwark shop is back online and Secure Home Nodes can be purchased again! Thanks for your patience while we made modifications!

https://bulwarkcrypto.com/product/bulwark-home-node/
member
Activity: 95
Merit: 10
The Bulwark Secure Home Node is now available for purchase via BWK on our website! The stock is limited so get 'em while they're hot!

https://bulwarkcrypto.com/product/bulwark-home-node/
member
Activity: 95
Merit: 10
The website will be offline for up to two hours while we prepare for the sales of the Secure Home Node! Following this, the hardware will be on sale at 7pm UTC! Keep in mind, the only currency usable to buy them is BWK! More info soon!
full member
Activity: 406
Merit: 170

We also feel the same way about the "One Click Masternode Setup" or "Masternode Setup Services" based solely on the fact that while they may not be directly able to access your collateral, they can turn your node off and affect your earning capabilities at any point. This in essence, could easily be used to cheat their users as well as manipulating the masternode reward system should they have enough people using their service.

That's fair. Although I would (unfortunately) think many users might feel less concerned about these 'one-click' services, where they can't access your collateral, since the risk isn't there in the same way for services where coins actually need to be sent. Also, many people just sit on their coins anyway, so having them be essentially 'staking' through a shared masternode might sound like a good idea to many, particularly if the returns are higher than actual staking.

The issue of 'manipulating the masternode reward system' becomes less of a concern as soon as you take away much of the individual user's risk (because their collateral is 'safe') and add more money to the equation. Perhaps if users understood the ramifications of shared one-click masternodes on the entire bulwark system they may be less inclined to go down this path.

It seems to have worked out just fine so far. We've made our masternode script about as easy as it can be. Login as root to VPS, paste command we provide, let the script do the work for you. Easier to just provide detailed documentation and good work than opening our community up to potential scams.
full member
Activity: 616
Merit: 167

We also feel the same way about the "One Click Masternode Setup" or "Masternode Setup Services" based solely on the fact that while they may not be directly able to access your collateral, they can turn your node off and affect your earning capabilities at any point. This in essence, could easily be used to cheat their users as well as manipulating the masternode reward system should they have enough people using their service.

That's fair. Although I would (unfortunately) think many users might feel less concerned about these 'one-click' services, where they can't access your collateral, since the risk isn't there in the same way for services where coins actually need to be sent. Also, many people just sit on their coins anyway, so having them be essentially 'staking' through a shared masternode might sound like a good idea to many, particularly if the returns are higher than actual staking.

The issue of 'manipulating the masternode reward system' becomes less of a concern as soon as you take away much of the individual user's risk (because their collateral is 'safe') and add more money to the equation. Perhaps if users understood the ramifications of shared one-click masternodes on the entire bulwark system they may be less inclined to go down this path.
full member
Activity: 406
Merit: 170

The Bulwark team does not support or endorse any shared masternode or staking groups. They pose too large of a risk to the userbase for us to ever recommend anyone take part in them.

Anyone thinking of shared masternode services should understand that they are essentially forfeiting any 'right' to 'their' coins.

You are sending your coins to a third party, who promises to use your coins and others to run a masternode, but with no recourse if something goes wrong. Now some of these services may be more reputable than others, but you are wearing 100 percent of the risk and sharing in any gain.

Up to you, but with the bulwark team's warning as well just think twice before hitting send.

We also feel the same way about the "One Click Masternode Setup" or "Masternode Setup Services" based solely on the fact that while they may not be directly able to access your collateral, they can turn your node off and affect your earning capabilities at any point. This in essence, could easily be used to cheat their users as well as manipulating the masternode reward system should they have enough people using their service.
full member
Activity: 406
Merit: 170
Are there any other POS/MN without POW out there?

Since MN will compete with staking directly, a very large number of coins will be locked on MN instead of staking, unlike pure POS coins where all the (hodled) coins would be staking.

It just occurred to me that this combination might be dangerous for double spending attacks as there will be periods where the staking coins will be very low in number.

I might be paranoid but has anyone else considered this?

the see saw mechanism is supposed to help out with this. When the amount of coins staking is low, the portion the staking gets from the block reward increases. I believe PIVX is a POS/MN coin, now.

Correct. The seesaw mechanism increases block reward share for PoS as locked supply increases. PIVX is one of the more prominent MN/PoS projects out there and this system has worked very well for them.
full member
Activity: 616
Merit: 167

The Bulwark team does not support or endorse any shared masternode or staking groups. They pose too large of a risk to the userbase for us to ever recommend anyone take part in them.

Anyone thinking of shared masternode services should understand that they are essentially forfeiting any 'right' to 'their' coins.

You are sending your coins to a third party, who promises to use your coins and others to run a masternode, but with no recourse if something goes wrong. Now some of these services may be more reputable than others, but you are wearing 100 percent of the risk and sharing in any gain.

Up to you, but with the bulwark team's warning as well just think twice before hitting send.
hero member
Activity: 771
Merit: 521
Bulwark is now ready for cross-chain dapps with the Blocknet Protocol!





Now that BWK is compatible with the Blocknet Protocol, it can be used in cross-blockchain dapps and traded on beta Block DX!

You can read more about Blocknet, the Blocknet Protocol, and Block DX here:

https://blocknet.co

https://sites.google.com/view/blocknet/directory

To get started with trading on Block DX, follow this setup guide: https://docs.google.com/document/d/1ciwLFSXwv6CXd3QEvVW88lHXo9CSIlweYOoSbDHkies/preview

The setup is in the process of being automated/abstracted so it's much easier and streamlined to use for beginners. In addition to that, in July we are planning to release SPV support which will allow for the creation of litewallets so whole blockchains will not need to be downloaded.
legendary
Activity: 1806
Merit: 1828
Are there any other POS/MN without POW out there?

Since MN will compete with staking directly, a very large number of coins will be locked on MN instead of staking, unlike pure POS coins where all the (hodled) coins would be staking.

It just occurred to me that this combination might be dangerous for double spending attacks as there will be periods where the staking coins will be very low in number.

I might be paranoid but has anyone else considered this?

the see saw mechanism is supposed to help out with this. When the amount of coins staking is low, the portion the staking gets from the block reward increases. I believe PIVX is a POS/MN coin, now.
legendary
Activity: 2165
Merit: 1002
Are there any other POS/MN without POW out there?

Since MN will compete with staking directly, a very large number of coins will be locked on MN instead of staking, unlike pure POS coins where all the (hodled) coins would be staking.

It just occurred to me that this combination might be dangerous for double spending attacks as there will be periods where the staking coins will be very low in number.

I might be paranoid but has anyone else considered this?
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