Topic: BATA BTA ◈ OLD THREAD - NOW @ https://bitcointalk.org/index.php?topic=2297895.0 - page 48. (Read 283701 times)

Is there a Slack for BTA?

Anyone know how long yobits wallet has been in maintenance?

Yes masternodes are part of the plan outlined for PoW / PoS Hybrid.

 

I read the whitepaper, it says BTA will have masternode, is it true?

Putting aside the value of the coin , which will increase obviously , I am thinking about the practical possibilites that BTA has.
For the moment , i am curious where( in which countries ) is the Bartercard operating ? And how will the coin itself be integrated with this idea?

BTA certainly has huge potential.

whitepaper + masternodes + ico could really make things fly for us

BTA is now coming up to the time where we are going to move towards the main goal of creating a Barter Platform.

I will now start working on a whitepaper as I know have the contacts to implement the platform in the real world, from day one.



An ICO will be required so BTA to achieve it's goals. More information will be provided once whitepaper is released.



The video link is about "Bartercard" https://youtu.be/ggya9tYjnlI

We intended to do this, decentralised and blockchain based.

Keep tuned.

It seems that BTA could go up with these news , i just wait that !
Good luck to everyone

Work is continuing on BTA for a stable POW / POS Hybrid - Midnight advised it would be most likely towards the end of march as previously announced.

Nthcoin's work is not dependant on BTA's work, or visa versa.

And how will nthcoin affect BTA (or your work on it)?
The advances BTA made and is set to make are really promising, so it would be a pity to see them blown away. When are the next releases scheduled for?

RE: NthCoin - EntangleIT https://bitcointalksearch.org/topic/nthcoin-1783254

posted by pc888 (Myself)

I am posting on behalf of Rick who I spoke with a few days ago via phone.

I'm going to make nthcoin a BIP instead to avoid competition and confusion.


From : https://github.com/Auxon/nthCoin#nthcoin---a-cryptocurrency-for-creating-a-distributed-blockchain-of-blockchains---a-meta-blockchain


nthCoin - A cryptocurrency for creating a distributed blockchain of blockchains - a meta-blockchain.

Future Home: http://nthco.in (under development)

Conceptual Overview

Cryptocurrencies are designed to support private, secure, reliable, transparent, and trustless transfer of value, or more generally, any information, from one medium to another. The importance of cryptocurrency and p2p distributed ledgers

blockchains - cannot be over stated. It is a fundamentally important breakthrough. However, despite being a revolutionary breakthrough, cryptocurrency has some very difficult challenges ahead.
Due to vast amount of money to be made, there is a new altcoin or scamcoin created almost every day, it seems. Even in the case of Bitcoin, there are still remaining attack vectors, most obvious at this time is the trust put in the developers.

This will become increasingly important problem to address, or mass adoption of cryptocurrencies will stall, and rise and fall with endless pump and dumps and bubbles and crashes. I have no doubt that someday these problems will be solved, or at least mitigated enough that any potential vunerability is detectable, and correctable.

nthCoin will help solve this problem by creating an audit trail of other blockchains, and correlating any exchanges between them, detecting inconsistencies between and within the blockchains, and a method by which to record the history of cryptocurrencies as a whole. This history would expand the possibilies of blockchain technologies, by providing metadata to analyze the "weather" of value, allowing us to visualize and predict the flow of value and information at various levels of abstraction.

Recursive Chains

Generation of recursive chains would be interesting to explore.

Antichains

Blockchain Healing

By implementing a standards based API, nodes can request healing from nthCoin by generation of proxy tokens pinned to the healing coins value, to take over the corrupted blockchain transactions. If and when recovery of the corrupted blockchain is completed, the proxy tokens are burned in conversion back into the original cryptocurrency. If recovery is not possible, or the altcoin is fundamentally flawed and no longer safe to use, then the tokens are converted into Bitcoin, or other high-difficulty, known good, cryptocurrencies.

Auxon - 2017-01-20

Copyright 2017, Botcoin Inc.


auxon0 Update:

As posted by pc888, just above, I've decided that nthCoin should be a Bitcoin BIP instead, to avoid competition and confusion.  The purpose of nthCoin is to help Bitcoin and other coins, not hinder them, or take anything away from them, but to help with fraud and the pain of losing your funds with no means of recovery, forever.  So, it makes more sense, after a lot of consideration, to build the concepts of nthCoin into Bitcoin.

Since I really believe the Core code base needs to be refactored into a monadic design, I will do what I can do to refactor Core, and then will do what I can do to help Satoshi Nakamoto implement a Tobin Tax as he has in mind to implement a form of Universal Basic Income using Bitcoin.

So, there's not going to be any premine, or anything like that, instead it's going to be integrated into Bitcoin itself.  I hope to work more closely with Satoshi to implement the UBI, and have started talking to him about issues of identity, and how he envisions the secondary blockchain that holds the unique wallet addresses for individuals. 

Cheers,

Richard Anthony Hein

Thank you for sharing. I have also tweeted this via @CryptoOz @Bata_Money

Regards,
Peter

If anyone is wanting to learn more about some of the basic concepts behind the development of the Peer to Peer Profit Share Platform, please feel free to view the document below.
Self-regulation of Bitcoin & derivatives http://biznaturally.ca/Self-regulation_of_Bitcoin_derivatives.pdf

An official Project Whitepaper, Webpage and BETA version is under development. We look forward to working with BATA and their supporters during our experimental launch phase.

Thank you for your support.

Your efforts are truly appreciated, every project begins with sacrifices and hardships. For over a decade, the basic framework for a Profit Share Platform has been theorized and partially constructed, inspired at a time when the 2008 recession was not fully acknowledged by most economists. Prior to Bitcoin, this basic framework for improving financial markets was simply too ahead of its time. Lacking very important fundamentals that are only starting to become adopted by mainstream finance. All present developments have been personally financed with zero help from outside sources.

After extensive evolution: we've been nearing completion of a conceptual release for a few years now, although some issues with Bitcoin has prevented this. Network congestion and lack of consensus on users to agree upon block-chain size, centralized mining and price manipulations are very concerning. If Bitcoin developers can't simply work together then any new improvements made to that protocol will be very slow in implementing.

Litecoin is popular, and was a very good improvement upon the original Bitcoin source code, it's truly unique. It does require additional support from merchants and services to survive though.

BATA coin has intrigued us in a few ways. It appears most crypto-currency users have simply ignored it, or are waiting for new improvements. This unique name, extensive support from the founder, a relatively stable price; presents a perfect opportunity for us to begin implementing what we would consider a long-overdue public release while working closely with the development team.

During our pre-release phase, Bitcoin, Litecoin, and BATA will be the exclusive coins used. No other coins will be implemented at that time, and a real-world small-scale test will begin. We're getting very close to that phase, and we thank everyone for their interest, contributions and dedication to their related projects. After extensive testing, and improvements an official release will made including source code, allowing for other coins to be implemented and custom developments to the protocol.

Profit Hunters Club

In order for BTA to survive, I too have to survive. I have been through hell and back personally throughout the last years - something I had hinted on but not fully expressed.

The direction of BTA will go in the direction that I have presented. Whether my holdings are affected in the short term.

We will not be making any deals with other Cryptocurrencies, unless it is in the benefit of BTA.

Nthcoin will be part of this vision.

Quoting for archive, but also I do agree with some of the points presented.

Crypto will must develop self regulation and not rely on the 'wild' for justification.  If crypto cannot get organized in a loose but consistent manner, governments will stomp over the efforts of free, open and decentralized.  Decentralized markets scare the centrocracy types of governments and businesses that maintain the control and power today.

There is a new economy and new currencies for this new economy developing.  We are the fortunate that are part of its development.

The need for self-regulation of Bitcoin Derivatives

Today, the world's first Bitcoin Exchange-Traded Fund (ETF) was officially rejected after seeking SEC approval. This can be seen as a major set-back for anyone else seeking to implement Bitcoin in modern financial markets. Others, can view this opportunity to re-evaluate the current situation and all factors involved and simply create something better.

"The commission ultimately concluded that the price of Bitcoin is still too vulnerable to manipulation for it to be certified. “Regulated markets related to the underlying asset provide a ‘necessary deterrent to manipulation,’” the commission wrote in its analysis. “To the extent there is some question as to the degree to which Bitcoin is subject to manipulation... regulated markets relating to Bitcoin would help answer that question and address instances of such manipulation. Two other ETF proposals pending before the SEC, and there are significant differences that might allow either one to succeed” - TheVerge.com

Those whom been involved with Bitcoin for quite a few years can all agree on one thing: Bitcoin has been like the "wild-west" on steroids. Most of us can vividly remember exchanges going bankrupt after thieves broke into their servers and stole all the coins, investment funds that became ponzi schemes, and price manipulations by malicious miners and robotic traders. This wild ride has shaken, stirred, and affected investor confidence that could have supported a positive SEC assessment.  

Truth be known: the SEC and other financial regulators are desperately trying to keep up with the ever changing crypto-currency ecosystem. This complex independent peer to peer economic model conflicts with their own  ideologies focusing more on centralized oversight rather than consensus among those involved within the industry. Most Bankers are only beginning to understand Bitcoin, the Block-chain, peer to peer networks, and how these concepts can transform finances for many generations to come. Pioneering Bitcoin users, realize the risks involved and already understand that any oversight from regulating agencies won't affect their own confidence in protecting themselves with market risks. Some enthusiasts actually fear industry regulation due to a threat of negative interference in what most view as a true free-market. The concept of a free-market having regulation is viewed as somewhat of a contradiction by some people, although nearly everyone can agree that some kind of government oversight is required for mass-adoption and integration into the current system.

Controlling Money Laundering, Fraud and Terrorism activities has been the general mission for current regulating agencies, their focus has been directed towards the large exchange platforms and services. Yes, they should be a priority, although the effectiveness can be argued since the very foundation of fiat money is unlimited untraceable units of wealth, this undermines the transparent and limited supply ideology of Bitcoin. Simply asking for and verifying passport and identification documents will never fully stop criminal activities using Bitcoin. The problem is not born from a "new age" payment method; Digital currencies using very advanced cryptographic encryption along with algorithms for controlling inflation, payment processing, and transaction fees... The problem is the current financial system.

A new approach of self-regulation and education regarding digital commodities/currencies and their derivatives is the only way to move new concepts forward by minimizing risks involved.

Beginning at the protocol level for crypto-coins; implementing a user-based voting system should become priority in the future. If account addresses can be rated by users of the network to publicly display the potential risks involved in dealing with certain merchants, exchanges, or users on the network this could allow for simple due diligence to be performed and prevent fraud. Decreasing the resources used for regulating by centralized third-party oversight formed as "regulating agencies". A simple self-regulating protocol with transparent integrity checking will automatically assist legal proceedings of criminal activities warranting investigation or prosecution.

Regulating ETF and other crypto-coin derivatives & investment assets is a very difficult task to accomplish. If this can be achieved; it would most certainly be a positive thing for Bitcoin. In our most humble opinions: Bitcoin and related investments should not be traded on the major markets alongside ETF or considerably safe hedge funds or labeled as such. A new "side-market" should be designed and implemented with caution, one that embraces the fundamental transparency of block-chain technology. As described above: a user-based voting system for accounts should also be implemented, along with a proprietary method for pricing shares based on real performance of companies or hedge funds, and backing their non-speculative worth using digital commodities like Bitcoin and BATA. Profit Hunters Club is currently working very hard to create the foundation required to move these experimental technologies further ahead and allow them to have a greater impact upon global financial markets and e-commerce in general.

@Profit Hunters Club

Thank you I could not have said it better myself.