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Topic: ◈◈Bitcredit ◈◈ Migrating to UniQredit◈◈ - page 147. (Read 284545 times)

hero member
Activity: 602
Merit: 501
There is an error on this website:  "Download the Windows x64 wallet, compiled by our lead Developer himself guarateed to be the official supported windows client.

And: "Download and compile/view the source code form our git"  

"Startinbg from the launch of bank nodes, major decisions will be made through democratic vote"

Thanks, i'll push the fixes.
sr. member
Activity: 471
Merit: 250
There is an error on this website:  "Download the Windows x64 wallet, compiled by our lead Developer himself guarateed to be the official supported windows client.

And: "Download and compile/view the source code form our git"  

"Startinbg from the launch of bank nodes, major decisions will be made through democratic vote"
hero member
Activity: 602
Merit: 501
our website is back

:- http://bitcredits.website/

we need more content!!
legendary
Activity: 1308
Merit: 1011
hero member
Activity: 602
Merit: 501
Kind of interesting to wonder what might happen to the market price of BCR if possession of it meant you could acquire eg. "This week's Special - BTC at a 2% discount vs. other exchange spot price!"

Digital assets under the direct control of the Banknodes would allow for the efficiencies of centralised systems while still benefiting from the safety of network-distributed risk.

We are entering what shooters refer to as a 'target rich environment.'  Shocked

That would be amazing.

When we are sure colored coins are working and secure (maybe a rudimentary exchange too), we approach all companies that have expressed an interest in blockchains and ask them to set aside a couple of their shares, which we will represent on the chain as assets issued by BNs using the 250K collateral and an additional "proof of funding".

Using this platform we can showcase the software and using their input possibly improve our systems to become closer to what the industry would want. Eventually, this has the possibility to gain momentum and instead of token amounts of shares we could see adoption on a larger scale.

Here's one caveat our system provides:- currently most exchanges are open 8 - 12 hours a day, due to the restrictions of "working hours". Software on the other hand doesn't need it...and is not restricted by borders...so that means anyone anywhere anytime can buy stock in any company with shares represented on our chain. This can be done in the office , or in the comfort of your homes.

Once you have reached an adoption level like that, you can push normal BCR adoption by merchants and payment processors meaning that cash out and real world uses increase.

Man, if only i had a better budget to work with. I'd bring scores of developers and make the technical part a reality by July.
legendary
Activity: 966
Merit: 1000
Kind of interesting to wonder what might happen to the market price of BCR if possession of it meant you could acquire eg. "This Week's Special - BTC at a 2% discount vs. other exchange spot price!"

Digital assets under the direct control of the Banknodes would allow for the efficiencies of centralised systems while still benefiting from the safety of network-distributed risk.

We are entering what shooters refer to as a 'target rich environment.'  Shocked
hero member
Activity: 602
Merit: 501
If BCR had BTC coloured coin capability and a coinbase compatible API, partnering with eg.
https://btcjam.com   
https://btcjam.com/partner
... might be mutually beneficial. And doesn't mean BN's can't still offer p2p lending in-house. An approach to consider anyway.

https://github.com/bitcreditscc/bicreditsnew/commit/695fc35ecee2db5f8383a450b7ec8d677bea0b14

 Tongue

Coloured coin capability (CCCTM) basically makes the BCR network a distributed exchange, right...?  Grin

In a sense yes, so...have you seen how transactions are visible in real-time on blockchain-info?

Imagine real world stock being traded with real time transactions like that..on the blockchain.

Just some ideas that may be in reach soon.
legendary
Activity: 966
Merit: 1000
If BCR had BTC coloured coin capability and a coinbase compatible API, partnering with eg.
https://btcjam.com   
https://btcjam.com/partner
... might be mutually beneficial. And doesn't mean BN's can't still offer p2p lending in-house. An approach to consider anyway.

https://github.com/bitcreditscc/bicreditsnew/commit/695fc35ecee2db5f8383a450b7ec8d677bea0b14

 Tongue

Coloured coin capability (CCCTM) basically makes the BCR network a distributed exchange, right...?  Grin
hero member
Activity: 602
Merit: 501
If BCR had BTC coloured coin capability and a coinbase compatible API, partnering with eg.
https://btcjam.com   
https://btcjam.com/partner
... might be mutually beneficial. And doesn't mean BN's can't still offer p2p lending in-house. An approach to consider anyway.

https://github.com/bitcreditscc/bicreditsnew/commit/695fc35ecee2db5f8383a450b7ec8d677bea0b14

 Tongue
legendary
Activity: 966
Merit: 1000
If BCR had BTC coloured coin capability and a coinbase compatible API, partnering with eg.
https://btcjam.com   
https://btcjam.com/partner
... might be mutually beneficial. And doesn't mean BN's can't still offer p2p lending in-house. An approach to consider anyway.
hero member
Activity: 602
Merit: 501
Central Reserve Subsidizing

The BCR chain maintains an account that acts as a buffer for operations that can be used to boost/ develop any aspect we require.

Already payouts have been made to two active assistant developers with the rest being held until the others respond to requests for their addresses.

see :- 62b7111c7966896d892b0866eb442f2425aa2449f76242abfa3f8f89866f5f47-000

and :- cbc7eef28a0a33e0a58d1d612f2e7243b3d39e09f6d8569ba05915d836cf1fb2-000

Paid out to tlc and dragos for their work so far, with more to come.

under the same banner i would like to launch a signature campaign. There are two signatures and you can choose whichever you prefer.

I am allocating 10 000 BCR per week to the campaign, and this figure will rise to 15000 when additional graphics are made available.

I am also allocating another 10 000 BCR to a loyalty campaign, all this requires is that you post 10 times a day (not spam ) in threads relating to BCR, banking , and applications of Masternodes and their derivatives with specific mention of BCr and a link to our thread.

I repeat, spa does not count and will not be rewarded, intelligent and informative posts with links will receive bonuses.

I am allocating 100 000 BCR to a fund to get us listed on more exchanges. getting us listed on a major excahnge will earn you 50K BCR, and 15K BCR for every listing on an exchange whose volume (verified) is + 100 BTC.

hero member
Activity: 602
Merit: 501
while i wait for more feedback i have been tinkering and studying our chain.

Average block time is definitely ~ 2 minutes with ~ 800 Blocks a day.

This is currently 10000 BCR for BNs meaning that each BN should report earnings of 800 BCR a day.

800 BCR x 7 is 5600 BCR a week.

In 15 days the algo will push up BN payments @ block 128200 to 32.5%. this will be the last change and is as a result of a decision made based on the rather small sample group that responded to my question about BNs.

This will result in daily BCR total for BNs going up to 13000, meaning that on average each BN will receive ~1100 BCR a day. 7700 a week.

The market price is rather depressed, so this may seem small for now but i believe the price will start improving soon and see even more profitable running of BNs.

Development is ongoing, but part of the key issues requires 1) community response to my earlier questions and 2) I need to consult with a fellow dev who has more experience than myself. The information gathered from your responses as you know is pivotal in the decision making process, so please express your thoughts, opinions and ideas.


note:-these numbers fluctuate based on number of active BNs, market price and block count.

for example a drop in price to 300 sats would mean that BNs are running at break even (will result in BNs being subsidized by the central reserve ) or the price could rise back up to 2200 sats... they you'll wish you had a BN.
hero member
Activity: 602
Merit: 501

Sologap was setting up masternodes for a few crave, often people were sending him directly 500 crave for one MN. Now VPS passwords are changed, MNs don't work anymore, he do not respond, it over a week so he ran off.

We are sure we don't have anything from him in the code ?

https://bitcointalksearch.org/topic/m.9880900

I'm not a programmer or linux guru, just asking.

Not to worry, he never committed anything to the git. No binary is official unless i built it. That actually touches on one of my niche projects...auto-updating clients.

sr. member
Activity: 260
Merit: 250
Fancy a banknode service like the one flare has got for dash, crouton?Cheesy




what service is this?

Someone with 1000DRK (or 250000 BCR) runs 'masternode/banknode genkey' and sends it to you, you do the rest inc. VPS hosting for a monthly fee. Makes more sense with thousands of DRK MNs, not so much with the lower number of BCR BNs.

oh, ok

but tbh, for now i encourage all users to maintain full control of their nodes and to make them ALL cold. i'm sure by now you've heard what happened with crave.



In 2 words, what happened?

Sologap was setting up masternodes for a few crave, often people were sending him directly 500 crave for one MN. Now VPS passwords are changed, MNs don't work anymore, he do not respond, it over a week so he ran off.

We are sure we don't have anything from him in the code ?

https://bitcointalksearch.org/topic/m.9880900

I'm not a programmer or linux guru, just asking.
member
Activity: 102
Merit: 10
Fancy a banknode service like the one flare has got for dash, crouton?Cheesy




what service is this?

Somebody, please do this.

He starts the vps and deals with that side of the masternode and just gives the people a file and tells them the commands they need to start it from their wallet, so you don't have to trust anyone with coins. He just charges a flat monthly fee for the vps, updates, etc.
sr. member
Activity: 471
Merit: 250
Fancy a banknode service like the one flare has got for dash, crouton?Cheesy




what service is this?

Someone with 1000DRK (or 250000 BCR) runs 'masternode/banknode genkey' and sends it to you, you do the rest inc. VPS hosting for a monthly fee. Makes more sense with thousands of DRK MNs, not so much with the lower number of BCR BNs.

oh, ok

but tbh, for now i encourage all users to maintain full control of their nodes and to make them ALL cold. i'm sure by now you've heard what happened with crave.

In 2 words, what happened?
hero member
Activity: 602
Merit: 501
Fancy a banknode service like the one flare has got for dash, crouton?Cheesy




what service is this?

Someone with 1000DRK (or 250000 BCR) runs 'masternode/banknode genkey' and sends it to you, you do the rest inc. VPS hosting for a monthly fee. Makes more sense with thousands of DRK MNs, not so much with the lower number of BCR BNs.

oh, ok

but tbh, for now i encourage all users to maintain full control of their nodes and to make them ALL cold. i'm sure by now you've heard what happened with crave.
legendary
Activity: 966
Merit: 1000
Fancy a banknode service like the one flare has got for dash, crouton?Cheesy




what service is this?

Someone with 1000DRK (or 250000 BCR) runs 'masternode/banknode genkey' and sends it to you, you do the rest inc. VPS hosting for a monthly fee. Makes more sense with thousands of DRK MNs, not so much with the lower number of BCR BNs.
hero member
Activity: 602
Merit: 501
I have a question. I am running through the colored coin implementation. And there are some questions i'd like to hear your opinions on:

1) should just anyone be able to issue an asset, or should that be a privilege open only to an active BN?
2) should any BN be able to issue assets, or should we impose extra restrictions?
3) should we create a rule that if a BN goes inactive, then all assets issued by the BN are frozen until it is active again?
4) What kind of protections from fraud should we incorporate?
5) Or do you prefer a more centralized asset issuing policy?

Some general opinions, assuming you're talking about assets similar to NXT...

1) + 2) Anyone, but subject to an asset issuance fee or bond of some kind?
3) What would be utterly awesome, and is well above my paygrade as to whether it's even possible, would be a system whereby all BN's could back/host assets in a distributed fashion. Or at least opt in to such a system.
4) Require some collateral in BTC or something else?
5) See 3)

One thing I found restrictive when I played briefly with NXT assets last year was the lack of any way of establishing a finite asset lifespan - maybe the IX transaction locking principle could be used to enable this?

An asset in this case could be many things. If i issued assets, i would for example sell shares in a BN. 250K shares @ 1.1 BCR each (10% profit margin). Another could fund a venture and sell shares in it. the suggestion for BNs being the only ones to issue assets was based off (in part) on proving one's ability to back the asset. my general view was that an asset would require backing by a active Bn, this means that users will have security in that the asset issuer would be available for recourse, An additional rule would be that the BNs coins could not be spent unless all assets have been redeemed (no fly by night BNs running with investments).

I am investigating the idea of colleteral from separate chains (BTC/DRK/Anycoin)
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