[ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 571.

clemahieu

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Quote from: Byte16 on April 19, 2016, 01:09:23 PM

Quote from: cryptoboy.architect on April 19, 2016, 12:38:11 PM

My guess is that people who hold large Mrai balances will want to run a node, otherwise their holding will devalue.

What is system requirements to run RAI node? Wallet is CPU incentive. Is VPS enough or you need something like dedicated 16-core Xeons? Also the transaction rate grows...

The CPU usage is put on to transaction generators. Being a representative is extremely light. The representative nodes I run are on 1 core 4$/mo vps machines.

The goal is to make running a representative as cheap as possible so we can get a greater diversity and decentralization.

Byte16

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Quote from: cryptoboy.architect on April 19, 2016, 12:38:11 PM

My guess is that people who hold large Mrai balances will want to run a node, otherwise their holding will devalue.

What is system requirements to run RAI node? Wallet is CPU incentive. Is VPS enough? Or only something like dedicated 16-core Xeons? Also the transaction rate grows...

cryptoboy.architect

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Quote from: LemonAndFriesOne on April 19, 2016, 12:13:18 PM

Quote from: cryptoboy.architect on April 19, 2016, 12:01:26 PM

Quote from: LemonAndFriesOne on April 19, 2016, 11:58:31 AM

How is the RAI blockchain secured without incentives for securing it? What about if only 10 people open up their wallets daily? I don't get how captchas will replace the pow/pos security

Bitcoin doesn't exactly have incentives for running a full node either. Miners could just mine blocks without processing any transactions.

So the fees paid to the miners are not incentives? whaaaaa???

edit: actually, since bitcoin is the #1 crypto used, I'm sure there is plenty of incentives and doubt empty blocks will be mined

My bad - yes, but they are so miniscule, that in theory if it's too costly to run a full node, it may be worth to just mine blank blocks.

I didn't explain myself correctly. What meant is that any system that has incentives also has some flaws.

My guess is that people who hold large Mrai balances will want to run a node, otherwise their holding will devalue.

Just like big BTC holders invest in technologies that help the whole ecosystem, not just themselves.

clemahieu

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Quote from: LemonAndFriesOne on April 19, 2016, 12:15:39 PM

Quote from: ?? on ??

Quote from: LemonAndFriesOne on April 19, 2016, 12:13:18 PM

Quote from: cryptoboy.architect on April 19, 2016, 12:01:26 PM

Quote from: LemonAndFriesOne on April 19, 2016, 11:58:31 AM

How is the RAI blockchain secured without incentives for securing it? What about if only 10 people open up their wallets daily? I don't get how captchas will replace the pow/pos security

Bitcoin doesn't exactly have incentives for running a full node either. Miners could just mine blocks without processing any transactions.

So the fees paid to the miners are not incentives? whaaaaa???

Yes, but RaiBlocks doesn't need miners.

I don't think a lot of people understand how RaiBlocks works, dev should put up a simple explanation on how everything is secured and how it compares in tech with other cryptos.

Does this help? https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU/edit

LemonAndFriesOne

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Quote from: ?? on ??

Quote from: LemonAndFriesOne on April 19, 2016, 12:13:18 PM

Quote from: cryptoboy.architect on April 19, 2016, 12:01:26 PM

Quote from: LemonAndFriesOne on April 19, 2016, 11:58:31 AM

How is the RAI blockchain secured without incentives for securing it? What about if only 10 people open up their wallets daily? I don't get how captchas will replace the pow/pos security

Bitcoin doesn't exactly have incentives for running a full node either. Miners could just mine blocks without processing any transactions.

So the fees paid to the miners are not incentives? whaaaaa???

Yes, but RaiBlocks doesn't need miners.

I don't think a lot of people understand how RaiBlocks works, dev should put up a simple explanation on how everything is secured and how it compares in tech with other cryptos.

LemonAndFriesOne

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Quote from: cryptoboy.architect on April 19, 2016, 12:01:26 PM

Quote from: LemonAndFriesOne on April 19, 2016, 11:58:31 AM

How is the RAI blockchain secured without incentives for securing it? What about if only 10 people open up their wallets daily? I don't get how captchas will replace the pow/pos security

Bitcoin doesn't exactly have incentives for running a full node either. Miners could just mine blocks without processing any transactions.

So the fees paid to the miners are not incentives? whaaaaa???

edit: actually, since bitcoin is the #1 crypto used, I'm sure there is plenty of incentives and doubt empty blocks will be mined

DeadBirdzz

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Wallet status: Disconnected............

cryptoboy.architect

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Quote from: LemonAndFriesOne on April 19, 2016, 11:58:31 AM

How is the RAI blockchain secured without incentives for securing it? What about if only 10 people open up their wallets daily? I don't get how captchas will replace the pow/pos security

Bitcoin doesn't exactly have incentives for running a full node either. Miners could just mine blocks without processing any transactions.

LemonAndFriesOne

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Activity: 1050

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How is the RAI blockchain secured without incentives for securing it? What about if only 10 people open up their wallets daily? I don't get how captchas will replace the pow/pos security

joksim299

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Bitdice is scam scam scammmmmmmmmmmmmmmmmmmmmmmmmm

Quote from: Cryptorials on April 19, 2016, 05:34:32 AM

Quote from: cryptoboy.architect on April 18, 2016, 04:51:45 PM

For the exchange - I would say we could do a campaign for Poloniex, it is by far the best alt exchange out there.

Poloniex is very hard to get onto. It may be better to start with a less ambitious option. Would be great to get onto Polo though.

YoBit, C-Cex would add RaiBlocks without any probems

robelneo

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Quote from: lhinglhung on April 19, 2016, 10:15:55 AM

buyers start decrease mrai price, while every day getting mrais more harder Grin

any issue about that?

I think they had a lot of Mrai already these are whales who wants to take this opportunity to get a lot of MRAI while they are not yet on exchanges this is such a clever idea,it will be great once it hit the exchange and the starting value is 1000 sats each

nicojaewpunk

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Quote from: minime0105 on April 19, 2016, 11:25:51 AM

my rai_wallet status is synchronizing for 1 hr..please help..what do i need to do? why is it not yet synchronizing?

WHen was the last you synchronizing it? if you are new download it just wait it
My first time synchronizing last for 15 minute maybe your internet cnnection too make it to slow synchronizing

V.Lace

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Quote from: minime0105 on April 19, 2016, 11:25:51 AM

my rai_wallet status is synchronizing for 1 hr..please help..what do i need to do? why is it not yet synchronizing?

Im glad I didnt update my wallet, you guys should stop mining till issue is fixed

minime0105

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my rai_wallet status is synchronizing for 1 hr..please help..what do i need to do? why is it not yet synchronizing?

stoneage

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Quote from: Krista on April 19, 2016, 10:26:23 AM

Quote from: Flomess on April 19, 2016, 10:08:19 AM

Quote from: Krista on April 19, 2016, 09:57:27 AM

How to make a backup of the wallet?

Advanced > Accounts > Backup/Clipboard wallet seed > paste and send it into a PM to me
DONE! Cheesy

Where is the file "wallet.dat"? In the folder "Roaming" I have not found.

There is no wallet.dat AFAIK, you can only backup your wallet with the said procedure your quoted and be sure to have atleast 2 backup and store it in a very safe place

metalizer

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I give two doge 1 mai

nicojaewpunk

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Quote from: iSimantri on April 19, 2016, 10:11:08 AM

Quote from: idev on April 19, 2016, 08:04:14 AM

Quote from: iSimantri on April 19, 2016, 07:58:01 AM

i'm downloading raiwallet, how long synchronizing process take time ?

It takes a couple of minutes to sync up.

thanks, but the problem now is, i can't open my raiwallet, every i click wallet icon, nothing happen, anyone knows what wrong with this ?

Try to see your task manager, is there have processes from rai_wallet.exe
If not maybe you need to reinstaling
If yes just wait it, my wallet also have upto 5 minutes to open

Krista

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