Topic: ◈◈Bitcredit ◈◈ Migrating to UniQredit◈◈ - page 47. (Read 284543 times)

I can see that you will never admit that people are having issues with this wallet.

I am on Windows 7 64 bit on all three rigs and still can't get the wallet to sync. You still have not answered from my previous attempt to find out what the current wallet is. I know what it says in the OP and I have mentioned that with the current "beta" versions out that the OP does not always mention the current one in use.

When you have to delete everything in the roaming folder but wallet.dat, config file and backup folder just to get the wallet to open and then let it resync then there is a issue with the wallet.

You can call me a complainer, you can call me a fudster but hell make sure you also call me an investor since that is what I did with 2 of the bank nodes. And now you ask for donations and some of us can't even get our wallets to work. I have never had an issue like this with any other wallet.

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I'm torn on the ideas presented. crowdfunding for the 6 mil increases the tradable ammt by more than a quarter of the coin supply. And at todays prices it wouldnt be enough to raise the 10 BTC requested by bitcreditscc to hire a dev.
To increase the bidding prices per BCR, you could sell 1 or 2 million of the reserve, and add the stipulation that a % of all emissions distributed to these investors. hopefully people would be more quick to invest in this crowdsale if it also came with future income.
you could do it like the US Fed auctions.
sell the 6 mil off in blocks.
10,000 bcr right now costs .012 btc sell a block for .025 with the incentive to get another 10,000 within 6 months or a year.
after the 6 months or year expires have another auction
200 auction blocks of 10,000bcr at .025btc a piece would be 5BTC raised. and put us halfway to the goal.

We do need to make an attempt at keeping the fees and rewards simple though.
We have superblocks where your tip addresses get 20% those addresses have recieved nearly 3 million coins (over 15% of the total supply of BCR), and last superblock the miner got 230BCR on a normal bid payout.
every 5 blocks the offices get 2.25BCR split between them. so far officers have recieved nearly 5k bcr.
and if we crowdsale the 6 mil premine and give them future income equirty then those addresses will get paid out also.
obviously we also have 8.4 normally for miners, 6 for banknodes, and the other 4 mil of the premine that was spent or something.

we would need to do some math to figure out an ammt to compensate crowdfund winners that isnt to high or low.

these equity officers could be tradable so we dont have to hardfork to put in new addresses after each auction. and i do think putting a cap on how long they get paid couldbe good.

also a webwallet running off the daemon would be good as you can design it nicer.
it would also be nice to have an explorer that tracks the current officer addresses and votes/topics.

I agree , but i also see where the dev is coming from. The issue here though is that very few people can and will donate towards development, and rather than investing in "coins" this seems more like investing in the =whole ecosystem, pretty much what it actually should be like.

Think on it, i'll use the example he gave me :- by buying USD are you investing in the F.Reserve ? Is buying a song on itunes an investment in APPL ?

This idea could work but the incentives need to be adjusted.

Btw , you are wrong about the organizations, it would be part of protocol from my understanding ergo enforced by code.

Maybe instead of 0.1%  of profit, why not a once off 1% of shares? And rather than perpetual rewards, you create cycles? ie those who donate now will get a % of blocks starting today till 3 or 4 months, then another round. This will allow new users to join in and keep investments coming in.

The wallet never needed fixing.  I ask for people's thoughts because this is not a dictatorship. While i may control many aspects of this project, i lean on the opinions of users and supporters.

certain amount of blocks going to developers is not liked so i dont think that some early birds should get reward forever. they may not even be invested in it later and they would be still earning not attractive for newcomers also would you need the organizations permission to allocate 0.1% to investors. the less fee the better just my 2 cents if i had the money i would donate

While you mull what hack_ and i said, i need to hear comments of a different approach to the wallet.

Since the QT is really gonna grow, it runs the risk of becoming sluggish. Just in case i am thinking of starting a run for a html browser wallet. ie you start the wallet as a daemon-server then access evrything via your browser.

Thoughts?

Bitcredit will open an investment option as follows:

1) a % of the pre-mine will be divided proportionally among investors based on % of the total that they have donated.

2) We will add a stipulation that a % of all emissions (blocks) are to be distributed to each of the investors proportionally.

3) Organizations spun off BNs on the network will allocate a % of their gross profit to the investors. (this is the real good part)

The above may change slightly based on community response but that is the gist of it.

The funding target for this drive will be set by what the community wishes to fund and will determine the % that will be allocated to investors.

Thoughts?

no need to guess. I use it as a way to help pay tips. It's original purpose is shelved until we can pay for more developers.

I'd guess that's where the dev tips come from?

The address are BANK_SCRIPT and RESERVE_SCRIPT and are here from almost all the life of this coin.
  

Curious about that too.

last i checked we were working on 19.1

19.1, 18-banking or 18-b2

Yeah, funding will be an issue, but that's why i want us to pursue as any avenues as possible. The end result of me having  funds is a fully functional client with a lot more services. Can you imagine real full p2p banking by April...Insurance by May and a decentralized stock market by July?  I think it's time we expanded  I tried getting people to contact their favourite exchanges so we get listed on more , but noone seems interested in helping.

I am currently working on p2p lending , so if we can do that by month end (rc) we can try for a stable release. have you built from the dev branch?

its going to take a while to raise funds either through the bid system (currently just over 1 month active, has raised 0.6BTC) with average daily net of 0.02BTC.
its also going to take a while to raise funds by projecting advertisements to the 10-15 daily active nodes (based on ip address) or the 70 Banknodes (running daemons possibly unable to view ads)

If you detail how to use the vote feature im guessing everyone would be happy to vote to use the bid money for development fund towards the 10btc you'd like to raise.

If we get a stable release and push some marketing just getting another 50 users could drive daily bidding to .1btc where it would still take 3 months to afford development without outside cash influx.

if we did market and gather new users and the price rises perhaps we can vote again to use some of the reserve. if the bcr price was 10x it would make a dent in the reserves to fund a 10btc project but not wipe them out. but as it stands if there was a buywall at the current price 120 sat, the entire 6 mil reserves wouldnt even cover the 10btc cost as it would generate ~7.2btc on a huge dump.

Everyone is behind you bitcreditscc with varying levels of involvement and personally im very happy with the work, and i know everyone else is too. Its a wonder how your able to do so much with our nitpicking. but at this point we need to be realistic about the community size and what it can afford.

The question then: Is BCR able to get to a point where this is working well enough to make a push for a larger community...
If so we can train and help new members and focus troubleshooting while building up the dev fund to a point it is usable for your coloredcoins and other ideas then make the next big push forward.

That should have to be discussed, The key idea here is fund raising so we can make real progress in good time, and since most people can't really afford to help fund the project, we need external sources of funds.

Tracking is only there if we include admob, otherwise internal ads will pose no issues save for annoyance if you don't like them.


I'll take a look. If possible yes we want to get swift codes and all it entails. This means stuff like corres banks and what not, but it also puts us one step closer to mainstream.

forever or just to raise money. I see enough ads in life, I dont want my blockchain based personal bank utilities to become riddled with ads, and im sure it is a security risk to add ads, and im sure the tracking involved with adding advertisments would go against most peoples wishes.

actually it could be a good idea.

but at this time it'd only lead to trolling. see craigscoin or any social platform attempt by coins recently.


Random:
Also has anyone looked at XEM (NEMcoin) with its proof of importance? its similar to the chainid relational address Db. could be worth looking at how they derive their "proof of importance"

Also looking to get hooked into the swift system? would that mean getting swift codes for BCR??

BNs will be able to push adverts to the network.... which will pop up occasionally in the QT wallets across all platforms. We intend to monetize this , with a "queue" that BNs pay to join. Also thinking about Admob.

Any objections?

1. Sorry but when i at first did the calc i was at the university and during the math lession (i was infact watching even flying numbers)
2. I suggest we can make a new thread about the coin or put the to-do list on another thread that is still connected to this one

LOL it's $3210 and yes it's an approximation. I have looked into colored coins and seen different implementations and was leaning towards one, then realised how specialised and customiseable we'll need it to be, it's beyond my coding capability at the moment and taking time to study and try it myself, will result in implementation likely in late 2016, which is not ideal.

Even at 10 BTC the dev(s) would have done us a huge favour. Average hourly wage here is 15 quid.... i estimate it would take a 3-4 weeks of 8 hour days to get everything we want in , tried and tested;

If the community were larger i'd ask for

1) Implement as much as we can off the to-do list
2) fix everything that is half implemented /not working
3) go for broke and add support FIX messages and see if we can get the network to communicate with SWIFT network.

While in it'self nothing until we get "in", it would help our case if we could demonstrate secure , working cross-platform trades.