Topic: BTCD is no more - page 114. (Read 1328516 times)

Native ramchains will allow us to have both a localhost-client and a lite-wallet version.  So, yes the goal is to get to pass-phrase type system where wallets can be accessed on multiple devices.  The specifics still need to be worked out, but now with btcddev making good progress on native ramchain implementation and Onsightit getting started on the back-end, the solutions should soon become clear.

I like the idea of a pass phrase based wallet, which would attract Nxt users to BTCD and vice versa.

Would the wallet work deterministically using the pass phrase? So if my computer went on fire I could log in on a brand new PC with just a pass phrase and my BTCD would be there? If so, how would this affect the current wallet.dat system? Will we have to generate a new account and send our BTCD to it?

Update (5/15):

New Developer on Board
I'd like to announce that with the donation funds the community has raised so far we have been able to hire Onsighit, VRC's GUI and Cross-Platform Developer, to help primarily with the back-end of the new BTCD HTML-localhost Wallet GUI.  Getting talented developers on board is important to meeting our goals so please keep those donations coming!

Front-End Demo:
Below is a video demo of the front-end.  Please keep in mind that there are still a few kinks to work out, but feedback and constructive criticism is encouraged.
https://vid.me/jmWE

BTCD Market Making Asset
Check Out Cassius and Coinomat's great work on putting together a Market Making project for BTCD: https://bitcointalksearch.org/topic/m.11375150

Donations
We have raised around 2500 of 10000 BTCD so far and about .05 BTC.  Torrn will give an update on donation totals soon.


Development Update and Donation Request:

 

Dear BitcoinDark Community,

BitcoinDark development has been ongoing behind the scenes for quite a while and we are now approaching a time when that development will begin to bear fruit.

One of the new developments includes a new HTML-local-host Wallet GUI to replace the old QT version.   The plan is to first release a basic port, in terms of features, of the original QT wallet and then add additional features/enhancements in subsequent versions. The front-end is almost finished and work on the back-end of the wallet will begin soon.

                                                                          

The HTML Wallet will bring a host of new benefits to BTCD users:

-GUI with an updated cutting edge look that is easy to operate  
-Combination of HTML and Native Ramchains allows wallet access using multiple devices
-New tech features, such as Teleport, can easily be added to later client versions
-BTCD tech will make it to the BTCD client first before it becomes available on the SuperNET branded client
-Future in-client access to SuperNET affiliated coins and services

Donation Goal:

We are aiming to raise 10,000 BTCD to help see the current development through to completion.  Not only will your donation help contribute to BitcoinDark development, but also will act as an investment to enhance the future value of BTCD.  

Uses for Donation Funds:

-Back-end GUI development                                           (~2000 BTCD)
-Marketing/PR for upcoming tech releases                     (~2300 BTCD)
-Continued Webmaster and Weekly Blog payments      (~1200 BTCD)
-Hiring additional developers and specialists                (~2500 BTCD)
-Bounties for apps that utilize BitcoinDark tech            (~2000 BTCD)

Please help support BitcoinDark development by sending your donations to the following Official BTCD Donation Address:
RDtnnLj5LQ8YMxBJbHX1N4jNKeaC67FLGW

or you can donate using BTC using the Official Multisig Donation Address:
36vQrrrjT1A8X3s56fdfkYzWzMgjSWhTWY

Sure. I'm not certain about the timetable though, and instantDEX won't get up to full speed immediately. And every little helps, particularly after a long and brutal bear market.

Shouldn't InstantDEX be taking care of that imminently?

The main idea is to add liquidity and buy support to BTCD. The effect will likely be limited, especially at first, but I hope that it will still be worthwhile. BTCD's thin orderbooks mean that it is susceptible to market manipulation and large price swings on low volumes. If we can gradually increase value ahead of the major tech releases, that would be good.
I'm still thinking about the best way to distribute revenues to BTCD stakers. A database is not necessary. The simplest way would be to make a transaction with a large tx fee. It could be one tx fee per week, or 100 or 1000. It's chance who gets it, but the more transactions made, the more likely any given staker is to get that block. With one large payout it is effectively a lottery, and larger stakers are likely to get it. We'll need to strike a balance here.
The new wallet is under development, but I'll let someone else who knows a little more than me update you on that.

I think that it is very good and liquidity.

I want to check,
As a way to distribute the stakers of BTCD,
DB (database) and I think that's necessary, but there is a distribution of the new purse for it?

The timing of the start of the reward?

Thank you

MMBTCD asset is live. Asset id: 8122396658538927693
See https://bitcointalksearch.org/topic/m.11375150
The aim of this asset is to increase liquidity for BTCD and place gentle upward pressure on it. It will pay out in mgwBTCD / superBTCD.
Coinomat has already done great work with the MMNXT asset. BTCD has much lower volumes and thinner order books, so we're hoping we can do something about that.

This coin is looking mint.

Good to see BTCD is at the center of the attention. BTCD needs project like this that can provide constant small incomes.

Ah. Thanks for the reply.

No. BTCD operates as a currency just fine as it is, without Teleport etc.

If BTCD is said to be InstantDEX's reference currency and needs more time to be finished, can we extrapolate that InstantDEX cannot be finished until BTCD is finished?

BTCD market-maker (MM-BTCD) proposal

BTCD is a strong ‘sleeper’ coin, with groundbreaking tech in the pipeline: Teleport, Telepathy, Ramchains and Transparent Forging, as well as acting as InstantDEX’s reference currency. However, in the medium term the market has punished BTCD for several reasons. These include the long BTC bear market, which compounds a downturn in the alts. Crypto investors tend to have short-term timeframes, and several large holders from the proof-of-work phase have dumped thousands of coins on the market. Combined with BTCD’s otherwise low volumes, these factors have pushed the price from a high of 0.015 BTC down to 0.003, and from over $6 down to under $1.

BTCD will be integral to SuperNET and likely its #1 use case, but BTCD’s tech has wider appeal, with a broad range of potential applications. We would like to see a thriving BTCD ecosystem on its own terms to complement and facilitate its role in SuperNET.

Purpose
The aims of MM-BTCD are:

• To reward long-term holders of BTCD
• To incentivise stakers and strengthen the network
• To add liquidity to the markets
• To reduce volatility
• To encourage developers and entrepreneurs to build further apps on top of BTCD

Form
MM-BTCD will take the form of a Nxt asset. The reasons for this over a centralised solution are to enable transparency and security, and to facilitate payouts and a secondary market for shares. Most BTCD users are already familiar with Nxt via the SuperNET client.

A market-making and arbitrage bot will be used to generate revenues from price differences across several exchanges, including Poloniex, Bittrex and the Nxt Asset Exchange (where BTCD trades as mgwBTCD and superBTCD). These are low-risk activities. Further higher-risk, higher-reward activities such as swing trading in BTCD and other key alts may gradually be phased in depending on initial revenues and risk tolerances.

Coinomat
The bot has been coded by Coinomat and is already operating with limited capitalisation. This is a natural choice because Coinomat is known in the BTCD/Nxt communities and already operates the MMNXT bot/asset, which raises revenues from the NXT markets. (Revenues are currently in the region of 3% per month.) Coinomat will also be involved in the new BTCD wallet, offering an integrated instant exchange function, as in the SuperNET client, and the ability to cash out to an anon card. Care will need to be taken to avoid a conflict of interests with MMNXT’s activities.

Funding and revenues
Initial capitalisation of 1 million NXT is estimated to be sufficient. Raising money in BTCD and BTC was considered, but these cannot be used to buy assets on the Nxt Asset Exchange.

A total of 1 million MM-BTCD assets will be created. Asset id: 8122396658538927693.

• 200,000 will be sold at 5 NXT each = 1,000,000 NXT.
• 200,000 will be retained by the asset issuers in return for BTCD capitalisation, development, marketing, maintenance and admin.
• A further 600,000 will be reserved for later sale if additional capitalisation is required.

No issuer-owned assets will be sold below 10 NXT. No further assets for additional capitalisation will be sold below 10 NXT.

Payout will be in mgwBTCD/superBTCD, weekly on Wednesdays. Revenues will be distributed as follows:

• 90% to assetholders
• 10% to BTCD stakers (this may be as simple as making regular transfers with large tx fees)

Given that BTCD has around 10% of Nxt’s market cap and 5% of the volume, revenues are likely to be low at first. However, the constant buy-pressure will also make a greater difference to the market.


Feedback?

Donation update, Thanks to those who contribute.
New Total: 2537.71765

Date: 14/05/2015 17:03
Source: Generated
Debit: 0.00 BTCD
Net amount: -1023.70423054 BTCD
Transaction ID: 070b17843313f58b1772f2839b1a45d4150f6b922247b905f1f842a451a2c365

Hi,

I think donation is needed to develop BTCD a stronger coin. I did a donation and I have a suggestion if you can provide some kind of weekly updated on the progress with what feature is being work on or maybe just a percentage is completed on the feature. I would be more likely to donate again in the future.

Thanks,

Really... What do you need donations for? Why aren't supernet development assets being used for this? Is btcd really in such a sad state of affairs that it's now pandering for money??

Update (5/13):
We now have a BTC Multisig Donation Address: 36vQrrrjT1A8X3s56fdfkYzWzMgjSWhTWY

The address is controlled by Torrn, Cassius, and myself, and requires 2 of 3 signatures to approve a spending request.

Also, Please join us on BTCD Slack to provide feedback for the HTML Wallet, which can be found in the #gui channel.

Development Update and Donation Request:

 

Dear BitcoinDark Community,

BitcoinDark development has been ongoing behind the scenes for quite a while and we are now approaching a time when that development will begin to bear fruit.

One of the new developments includes a new HTML-local-host Wallet GUI to replace the old QT version.   The plan is to first release a basic port, in terms of features, of the original QT wallet and then add additional features/enhancements in subsequent versions. The front-end is almost finished and work on the back-end of the wallet will begin soon.

                                                                         

The HTML Wallet will bring a host of new benefits to BTCD users:

-GUI with an updated cutting edge look that is easy to operate 
-Combination of HTML and Native Ramchains allows wallet access using multiple devices
-New tech features, such as Teleport, can easily be added to later client versions
-BTCD tech will make it to the BTCD client first before it becomes available on the SuperNET branded client
-Future in-client access to SuperNET affiliated coins and services

Donation Goal:

We are aiming to raise 10,000 BTCD to help see the current development through to completion.  Not only will your donation help contribute to BitcoinDark development, but also will act as an investment to enhance the future value of BTCD. 

Uses for Donation Funds:

-Back-end GUI development                                           (~2000 BTCD)
-Marketing/PR for upcoming tech releases                     (~2300 BTCD)
-Continued Webmaster and Weekly Blog payments      (~1200 BTCD)
-Hiring additional developers and specialists                (~2500 BTCD)
-Bounties for apps that utilize BitcoinDark tech            (~2000 BTCD)

Please help support BitcoinDark development by sending your donations to the following Official BTCD Donation Address:
RDtnnLj5LQ8YMxBJbHX1N4jNKeaC67FLGW

or you can donate using BTC using the Official Multisig Donation Address:
36vQrrrjT1A8X3s56fdfkYzWzMgjSWhTWY

This weeks BitcoinDark bulletin: BTCD vs SuperNET clients
http://bitcoindark.pw/bitcoindark-vs-supernet-clients/
https://i.imgur.com/AHwwaGf.jpg

My wallet is located synchronization.

Did you add the BitcoinDark.conf of OP?