[ANN][RIC] Riecoin: constellations POW *CPU* HARD FORK successful, world record - page 192.

trny

newbie

Activity: 48

Merit: 0

Quote from: surfer43 on March 19, 2014, 10:51:13 PM

Quote from: bitcoinvideos on March 19, 2014, 10:15:46 PM

Check out this message which explains it nicely too: https://bitcointalksearch.org/topic/m.906833

Quote

You can then send funds into that 2-of-3 transaction using the normal sendtoaddress/sendmany RPC commands, or the GUI (or anything that's been updated to recognize multisig addresses).

That will create a multi signature transaction.

If you want to then SPEND the funds sent in that 2-of-3 transaction... that isn't implemented yet (well, if bitcoin has all 3 private keys in it's wallet then the funds will show up in the wallet's total balance and it may be selected to be spent like any other funds received by the wallet). "We" need to implement RPC calls to implement BIP 10 or something like it.

So it looks like maybe the spend isn't there yet?

I think it is, this explains how to spend: https://gist.github.com/gavinandresen/3966071
That was written much later than the post you linked.

Found this beta open source multisig address generator for BTC: https://coinb.in/multisig/

Perhaps someone could look into forking it for RIC. We don't even need to use it, it'd still be a valuable asset

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: bitcoinvideos on March 20, 2014, 12:06:29 AM

Quote from: surfer43 on March 19, 2014, 11:23:43 PM

diff down to 1504

Excellent for us low level miners!

profit factor is through the roof!
avg. block time = 180
target time = 150
this means diff will go down even further at current rates Grin

and RIC shows no signs of going below 0.25 milibits! 0.25 is resistance.

Yes, I will hodl these coins long term.

bitcoinvideos

sr. member

Activity: 251

Merit: 250

Quote from: surfer43 on March 19, 2014, 11:23:43 PM

diff down to 1504

Excellent for us low level miners!

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

diff down to 1504

agx.io

member

Activity: 84

Merit: 10

Did you know you can trade RIC/BTC at agx.io and earn entries into our AMD Radeon R9 280x giveaway through Sunday 03/23 11:59p UTC? Did you also know that BTC deposits at agx.io >.02 BTC through Sunday 03/23 11:59p UTC will earn you deposit bonuses up to 50k NOBL? Check out our infographic for more information.

- The Austin Global Team

Find us at:
agx.io
bitcointalk.org/index.php?topic=507474
bitcointalk handles: "agx.io," "AustinGlobal"
twitter.com/AustinGlobalX
austinglobal.tumblr.com

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: bitcoinvideos on March 19, 2014, 10:15:46 PM

Check out this message which explains it nicely too: https://bitcointalksearch.org/topic/m.906833

Quote

You can then send funds into that 2-of-3 transaction using the normal sendtoaddress/sendmany RPC commands, or the GUI (or anything that's been updated to recognize multisig addresses).

That will create a multi signature transaction.

If you want to then SPEND the funds sent in that 2-of-3 transaction... that isn't implemented yet (well, if bitcoin has all 3 private keys in it's wallet then the funds will show up in the wallet's total balance and it may be selected to be spent like any other funds received by the wallet). "We" need to implement RPC calls to implement BIP 10 or something like it.

So it looks like maybe the spend isn't there yet?

I think it is, this explains how to spend: https://gist.github.com/gavinandresen/3966071
That was written much later than the post you linked.

northranger79510

sr. member

Activity: 308

Merit: 250

Riecoin and Huntercoin to rule all!

Quote from: surfer43 on March 19, 2014, 10:00:39 PM

Quote from: northranger79510 on March 19, 2014, 09:52:41 PM

I wonder if there is a way for the multi sig to be configured to accept a majority of the sig and not everyone's (forgive me if there is. Never used a multi-sig address). I think that would be better in case one person holding a key has a family emergency, vanished, died, etc. Then, the foundation wouldn't be able to access the funds.

AFAIK this is possible: https://en.bitcoin.it/wiki/Original_Bitcoin_client/API_calls_list
Say we use 5 people.
use

Code:

riecoind addmultisigaddress 3 '["publicKey1","publicKey2","publicKey3","publicKey4","publickey5"]'

To add a multisig address that requires 3 out of the 5 people to agree the funds should be spent.

Can someone knowledgeable on this subject confirm?

btw, about 10 blocks left until diff adjustment.

Quote

Never used a multi-sig address

Me neither. It just popped out of the back of my head, and then I researched it.

Excellent! Looks like we have a winner. But all foundation members should agree (or majority) in case someone thinks of a better idea. I will be PMing those on the list on Monday. Looks like we are ahead of schedule. Thanks surfer for your contributions!

bitcoinvideos

sr. member

Activity: 251

Merit: 250

Check out this message which explains it nicely too: https://bitcointalksearch.org/topic/m.906833

Quote

You can then send funds into that 2-of-3 transaction using the normal sendtoaddress/sendmany RPC commands, or the GUI (or anything that's been updated to recognize multisig addresses).

That will create a multi signature transaction.

If you want to then SPEND the funds sent in that 2-of-3 transaction... that isn't implemented yet (well, if bitcoin has all 3 private keys in it's wallet then the funds will show up in the wallet's total balance and it may be selected to be spent like any other funds received by the wallet). "We" need to implement RPC calls to implement BIP 10 or something like it.

So it looks like maybe the spend isn't there yet?

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: northranger79510 on March 19, 2014, 09:52:41 PM

I wonder if there is a way for the multi sig to be configured to accept a majority of the sig and not everyone's (forgive me if there is. Never used a multi-sig address). I think that would be better in case one person holding a key has a family emergency, vanished, died, etc. Then, the foundation wouldn't be able to access the funds.

AFAIK this is possible: https://en.bitcoin.it/wiki/Original_Bitcoin_client/API_calls_list
Say we use 5 people.
use

Code:

riecoind addmultisigaddress 3 '["publicKey1","publicKey2","publicKey3","publicKey4","publickey5"]'

To add a multisig address that requires 3 out of the 5 people to agree the funds should be spent.

Can someone knowledgeable on this subject confirm?

btw, about 10 blocks left until diff adjustment.

Quote

Never used a multi-sig address

Me neither. It just popped out of the back of my head, and then I researched it.

northranger79510

sr. member

Activity: 308

Merit: 250

Riecoin and Huntercoin to rule all!

I wonder if there is a way for the multi sig to be configured to accept a majority of the sig and not everyone's (forgive me if there is. Never used a multi-sig address). I think that would be better in case one person holding a key has a family emergency, vanished, died, etc. Then, the foundation wouldn't be able to access the funds.

bitcoinvideos

sr. member

Activity: 251

Merit: 250

I think it's hard for people not to pump and dump in general. They invest energy + resources and expect a return so the moment they can they dump. The people involved in developing a thriving community continue to hold (myself included). Looking forward to your PM (I have a diff u/n on rietalk)

northranger79510

sr. member

Activity: 308

Merit: 250

Riecoin and Huntercoin to rule all!

Quote from: surfer43 on March 19, 2014, 09:15:25 PM

Quote from: northranger79510 on March 19, 2014, 09:01:44 PM

Quote from: surfer43 on March 19, 2014, 08:23:04 PM

Can't we use a multi-signature address rather than an exchange? Although complicated, it seems like it would be much simpler than the exchange. Also, people would be able to verify the funds are at that address.

I didn't think of that! Great idea! I am assuming Riecoin client has that option correct?

yes I just tested it

. To learn how to use multi-signature addresses, go here

Also, difficulty is going to halve to about 1456 in 20 something blocks (if my math is correct, that is). Get ready to mine!

Well ok. Guess we have a nice way to do the donations. I will be PMing all those on the list and hopefully we can come to mutual agreement on this. And darn. Hopefully low difficulty doesn't make it easier for people to pump and dump.

GreekBitcoin

legendary

Activity: 1428

Merit: 1001

getmonero.org

How many confirmations does upCpu pool needs to send mined RIC?

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: northranger79510 on March 19, 2014, 09:01:44 PM

Quote from: surfer43 on March 19, 2014, 08:23:04 PM

Can't we use a multi-signature address rather than an exchange? Although complicated, it seems like it would be much simpler than the exchange. Also, people would be able to verify the funds are at that address.

I didn't think of that! Great idea! I am assuming Riecoin client has that option correct?

yes I just tested it

. To learn how to use multi-signature addresses, go here

Also, difficulty is going to halve to about 1456 in 20 something blocks (if my math is correct, that is). Get ready to mine!

northranger79510

sr. member

Activity: 308

Merit: 250

Riecoin and Huntercoin to rule all!

Quote from: surfer43 on March 19, 2014, 08:23:04 PM

Can't we use a multi-signature address rather than an exchange? Although complicated, it seems like it would be much simpler than the exchange. Also, people would be able to verify the funds are at that address.

I didn't think of that! Great idea! I am assuming Riecoin client has that option correct?

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Can't we use a multi-signature address rather than an exchange? Although complicated, it seems like it would be much simpler than the exchange. Also, people would be able to verify the funds are at that address.

northranger79510

sr. member

Activity: 308

Merit: 250

Riecoin and Huntercoin to rule all!

Update: Since I've been getting more response than expected for Riecoin Foundation, sign up will close this Sunday and the Riecoin Foundation will begin creating the trustless system for donations. Any suggestions is welcome!

northranger79510

sr. member

Activity: 308

Merit: 250

Riecoin and Huntercoin to rule all!

Quote from: surfer43 on March 19, 2014, 04:08:07 PM

difficulty to drop in 10 hours (at current rate of 6 mins/block)

Thatll suck Sad

Bigtruck45

newbie

Activity: 37

Merit: 0

https://www.youtube.com/watch?v=UYkLz8BIS8k

Is there a pattern to prime number distribution?

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

difficulty to drop in 10 hours (at current rate of 6 mins/block)

Topic: [ANN][RIC] Riecoin: constellations POW *CPU* HARD FORK successful, world record - page 192. (Read 685381 times)

Topic: [ANN][RIC] Riecoin: constellations POW CPU HARD FORK successful, world record - page 192. (Read 685381 times)