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Topic: BTCD is no more - page 117. (Read 1328507 times)
Can I store BTCD anywhere besides in an exchange, in the BTCD wallet, and in the NXT blockchain via MGW?
A fourth place would be in a telepod and I will finally be able finish that when InstantDEX is in maintenance mode.Is there no BTCD paper wallet generator?
Not that I know of.
I'm not sure what the criteria are for a BTCD private key. Perhaps someone who does could post. It might be possible to adapt a BTC key generator if it's close to that.
Can I store BTCD anywhere besides in an exchange, in the BTCD wallet, and in the NXT blockchain via MGW?
A fourth place would be in a telepod and I will finally be able finish that when InstantDEX is in maintenance mode.Is there no BTCD paper wallet generator?
In this weeks bulletin: Transparent forging comes to BitcoinDark
http://bitcoindark.pw/transparent-forging-comes-to-bitcoindark/
https://i.imgur.com/wvFr21P.jpg
http://bitcoindark.pw/transparent-forging-comes-to-bitcoindark/
https://i.imgur.com/wvFr21P.jpg
Hey folks, long time lurker and holder here.
I'm sure this has been asked already but there are just too many pages ...
Any ETA for updates or news releases on SupetNET / InstantDEX / BTCD? Even extremely rough, like, estimated quarter or year?
Glad to see you're still so active and plugging away jl777. Your dedication and energy is always such an breath of fresh air in the world of crypto!
The near term timeline is for me to get the code into plugins, GUI release, windows port, one click installerI'm sure this has been asked already but there are just too many pages ...
Any ETA for updates or news releases on SupetNET / InstantDEX / BTCD? Even extremely rough, like, estimated quarter or year?
Glad to see you're still so active and plugging away jl777. Your dedication and energy is always such an breath of fresh air in the world of crypto!
all four of these things are working to some degree, so we need to do a test cycle, find the bugs, fix them, retest
If it takes 2 weeks per cycle (test, fix, retest), then over the next month or two we will get progressively more complete and more solid versions.
James
Timescale - month or two maybe
Goal progressively more complete, more solid versions of 4 different features
Dreamers...
Hey folks, long time lurker and holder here.
I'm sure this has been asked already but there are just too many pages ...
Any ETA for updates or news releases on SupetNET / InstantDEX / BTCD? Even extremely rough, like, estimated quarter or year?
Glad to see you're still so active and plugging away jl777. Your dedication and energy is always such an breath of fresh air in the world of crypto!
The near term timeline is for me to get the code into plugins, GUI release, windows port, one click installerI'm sure this has been asked already but there are just too many pages ...
Any ETA for updates or news releases on SupetNET / InstantDEX / BTCD? Even extremely rough, like, estimated quarter or year?
Glad to see you're still so active and plugging away jl777. Your dedication and energy is always such an breath of fresh air in the world of crypto!
all four of these things are working to some degree, so we need to do a test cycle, find the bugs, fix them, retest
If it takes 2 weeks per cycle (test, fix, retest), then over the next month or two we will get progressively more complete and more solid versions.
James
Can I store BTCD anywhere besides in an exchange, in the BTCD wallet, and in the NXT blockchain via MGW?
A fourth place would be in a telepod and I will finally be able finish that when InstantDEX is in maintenance mode.My new "wireless" plugin architecture is working pretty well so far, so by the end of next week I should have pretty much all the current code base into these plugins that are dynamically loadable and easier to test and more reliable
James
As not to create any confusion, I have a question.... Once the code base is loaded into the plugin architecture, will this qualify InstantDEX as being in maintenance mode?
James
Hey folks, long time lurker and holder here.
I'm sure this has been asked already but there are just too many pages ...
Any ETA for updates or news releases on SupetNET / InstantDEX / BTCD? Even extremely rough, like, estimated quarter or year?
Glad to see you're still so active and plugging away jl777. Your dedication and energy is always such an breath of fresh air in the world of crypto!
I'm sure this has been asked already but there are just too many pages ...
Any ETA for updates or news releases on SupetNET / InstantDEX / BTCD? Even extremely rough, like, estimated quarter or year?
Glad to see you're still so active and plugging away jl777. Your dedication and energy is always such an breath of fresh air in the world of crypto!
Can I store BTCD anywhere besides in an exchange, in the BTCD wallet, and in the NXT blockchain via MGW?
A fourth place would be in a telepod and I will finally be able finish that when InstantDEX is in maintenance mode.My new "wireless" plugin architecture is working pretty well so far, so by the end of next week I should have pretty much all the current code base into these plugins that are dynamically loadable and easier to test and more reliable
James
As not to create any confusion, I have a question.... Once the code base is loaded into the plugin architecture, will this qualify InstantDEX as being in maintenance mode?
Can I store BTCD anywhere besides in an exchange, in the BTCD wallet, and in the NXT blockchain via MGW?
A fourth place would be in a telepod and I will finally be able finish that when InstantDEX is in maintenance mode.My new "wireless" plugin architecture is working pretty well so far, so by the end of next week I should have pretty much all the current code base into these plugins that are dynamically loadable and easier to test and more reliable
James
If I understand correctly, InstantDEX will at first require that the coins it trades are in a centralized exchange. Because of this, is it fair to say that InstantDEX will at first be a method for combining exchange liquidity instead of a method for trading without trusting a centralized exchange?
Of course anything you leave on a central exchange requires you to trust them. However by having a single unified view as to all the possible orders in all the places, if you see an order that happens to be a direct InstantDEX order, then the natural result is to grab the better price. Remember that all the InstantDEX quotes will only have a few NXT fixed fee vs. the ~0.2% commissions for exchanges.
I think it sounds great.
With all of the MGW assets that are added to all the NXT assets, there will be totally decentralized trading possible, at launch. MGW assets are special assets that map 1:1 to the supported coins, and any NXT assetA/assetB trades via InstantDEX (or NXT AE) is fully totally completely decentralized.
If I understand correctly, the coin in question here would need to be supported by both MGW and InstantDEX.
Also, is it correct to say that this process is totally decentralized? According to my very limited understanding of MGW, it is a well-designed but centralized service.
Which coins will be supported at launch?
We will support BTC and BTCD for sure, and probably up to a dozen total coins, including most of the SuperNET core coins that support gen1 multisig.
InstantDEX is independent of MGW. The only linkage is that InstantDEX knows about MGW assets being 1:1 to native crypto and it uses this to calculate virtual prices across all exchanges, but this is nothing to do about the order clearing side of things. On that side a NXT asset is a NXT asset is a NXT asset. I think the nuance here is that the NXT assets are 100% totally decentralized as far as their trading, but they each have various levels of centralization depending on the issuer.
InstantDEX <-> NXT AE <-> MGW
|
v
centralized exchanges
I did a "graphic" for you. When the tiernolan method is added, another arrow goes out from InstantDEX. also when teleports are added, yet another arrow. Hopefully you can see how InstantDEX is connecting all the different places and creating a single virtual view, but creates a one click ability to actualize this virtual view. so maybe "virtual" is not the right word for it
James
Can I store BTCD anywhere besides in an exchange, in the BTCD wallet, and in the NXT blockchain via MGW?
If I understand correctly, InstantDEX will at first require that the coins it trades are in a centralized exchange. Because of this, is it fair to say that InstantDEX will at first be a method for combining exchange liquidity instead of a method for trading without trusting a centralized exchange?
Of course anything you leave on a central exchange requires you to trust them. However by having a single unified view as to all the possible orders in all the places, if you see an order that happens to be a direct InstantDEX order, then the natural result is to grab the better price. Remember that all the InstantDEX quotes will only have a few NXT fixed fee vs. the ~0.2% commissions for exchanges.
I think it sounds great.
With all of the MGW assets that are added to all the NXT assets, there will be totally decentralized trading possible, at launch. MGW assets are special assets that map 1:1 to the supported coins, and any NXT assetA/assetB trades via InstantDEX (or NXT AE) is fully totally completely decentralized.
If I understand correctly, the coin in question here would need to be supported by both MGW and InstantDEX.
Also, is it correct to say that this process is totally decentralized? According to my very limited understanding of MGW, it is a well-designed but centralized service.
Which coins will be supported at launch?
We will support BTC and BTCD for sure, and probably up to a dozen total coins, including most of the SuperNET core coins that support gen1 multisig.
Initial launch will not support all coins and all exchanges and all trade methods.
I believe in incremental improvements, so at first it will be a limited set of coins, limited set of exchanges and without tiernolan
I believe in incremental improvements, so at first it will be a limited set of coins, limited set of exchanges and without tiernolan
OK, I think we have the list of supported exchanges above. Which coins will be supported at launch?
If I understand correctly, InstantDEX will at first require that the coins it trades are in a centralized exchange. Because of this, is it fair to say that InstantDEX will at first be a method for combining exchange liquidity instead of a method for trading without trusting a centralized exchange?
With all of the MGW assets that are added to all the NXT assets, there will be totally decentralized trading possible, at launch. MGW assets are special assets that map 1:1 to the supported coins, and any NXT assetA/assetB trades via InstantDEX (or NXT AE) is fully totally completely decentralized.
We will support BTC and BTCD for sure, and probably up to a dozen total coins, including most of the SuperNET core coins that support gen1 multisig.
James
The Top 3 coins (BTC, LTC, XRP) did 97.61% of crypto volume the last 24 hours...
So adding any other coins is basically a Public Service.
You should list BTC, LTC, NXT and BTCD and get that working flawlessly...
And think about adding features such as SHORTING before supporting obscure coins.
Also, your revenue appears based on capturing the bid-ask spread (since the fixed fee won't amount to much)...
I realize that this is a composite spread based on several exchanges...
But the typical spread until you reach MEANINGFUL liquidity (say, $100) is huge for most Alts...
Just a sample of actual bid-ask spreads based on Polo/Bittrex:
NXT..... 1-2%
BTCD....3-4%
VRC......5-7%
FIBRE...10-20%
OPAL...15-25%
Pro/Day traders that do most of the volume succeed by:
(a) capturing the spread over and over
(b) riding pumps and trading on inside information
No serious, hi-volume trader is going to give you that spread.
Is InstantDEX Business Model = help day traders capture the spread via Limit Orders by creating "composite liquidity"...
Or, like ShapeShift, is it a "black box" designed to charge the spread to occasional crypto exchangers?
Your fee structure indicates the latter... and is a poor fee structure for the former.
lower fees will create more volumes
InstantDEX does both and its fixed fee will make larger amounts much more economical, though even for relatively small amounts it will still be pretty cost effective.
plus its decentralized
I want InstantDEX to provide the best prices with the most liquidity. That way it will be the logical place to trade. After all if you dont use InstantDEX, then maybe you end up paying more.
Keep in mind that I am projecting forward in the future and not needing to maximize profits in the short term. Without any ongoing overhead, InstantDEX will last for many years and to maximize the lifetime dividends, having the largest user base is the solution. Also, the InstantDEX API will be able to be used by many crypto businesses that want to get the best prices/liquidity
James
Initial launch will not support all coins and all exchanges and all trade methods.
I believe in incremental improvements, so at first it will be a limited set of coins, limited set of exchanges and without tiernolan
I believe in incremental improvements, so at first it will be a limited set of coins, limited set of exchanges and without tiernolan
OK, I think we have the list of supported exchanges above. Which coins will be supported at launch?
If I understand correctly, InstantDEX will at first require that the coins it trades are in a centralized exchange. Because of this, is it fair to say that InstantDEX will at first be a method for combining exchange liquidity instead of a method for trading without trusting a centralized exchange?
With all of the MGW assets that are added to all the NXT assets, there will be totally decentralized trading possible, at launch. MGW assets are special assets that map 1:1 to the supported coins, and any NXT assetA/assetB trades via InstantDEX (or NXT AE) is fully totally completely decentralized.
We will support BTC and BTCD for sure, and probably up to a dozen total coins, including most of the SuperNET core coins that support gen1 multisig.
James
The Top 3 coins (BTC, LTC, XRP) did 97.61% of crypto volume the last 24 hours...
So adding any other coins is basically a Public Service.
You should list BTC, LTC, NXT and BTCD and get that working flawlessly...
And think about adding features such as SHORTING before supporting obscure coins.
Also, your revenue appears based on capturing the bid-ask spread (since the fixed fee won't amount to much)...
I realize that this is a composite spread based on several exchanges...
But the typical spread until you reach MEANINGFUL liquidity (say, $100) is huge for most Alts...
Just a sample of actual bid-ask spreads based on Polo/Bittrex:
NXT..... 1-2%
BTCD....3-4%
VRC......5-7%
FIBRE...10-20%
OPAL...15-25%
Pro/Day traders that do most of the volume succeed by:
(a) capturing the spread over and over
(b) riding pumps and trading on inside information
No serious, hi-volume trader is going to give you that spread.
Is InstantDEX Business Model = help day traders capture the spread via Limit Orders by creating "composite liquidity"...
Or, like ShapeShift, is it a "black box" designed to charge the spread to occasional crypto exchangers?
Your fee structure indicates the latter... and is a poor fee structure for the former.
Initial launch will not support all coins and all exchanges and all trade methods.
I believe in incremental improvements, so at first it will be a limited set of coins, limited set of exchanges and without tiernolan
I believe in incremental improvements, so at first it will be a limited set of coins, limited set of exchanges and without tiernolan
OK, I think we have the list of supported exchanges above. Which coins will be supported at launch?
If I understand correctly, InstantDEX will at first require that the coins it trades are in a centralized exchange. Because of this, is it fair to say that InstantDEX will at first be a method for combining exchange liquidity instead of a method for trading without trusting a centralized exchange?
With all of the MGW assets that are added to all the NXT assets, there will be totally decentralized trading possible, at launch. MGW assets are special assets that map 1:1 to the supported coins, and any NXT assetA/assetB trades via InstantDEX (or NXT AE) is fully totally completely decentralized.
We will support BTC and BTCD for sure, and probably up to a dozen total coins, including most of the SuperNET core coins that support gen1 multisig.
James
Initial launch will not support all coins and all exchanges and all trade methods.
I believe in incremental improvements, so at first it will be a limited set of coins, limited set of exchanges and without tiernolan
I believe in incremental improvements, so at first it will be a limited set of coins, limited set of exchanges and without tiernolan
OK, I think we have the list of supported exchanges above. Which coins will be supported at launch?
If I understand correctly, InstantDEX will at first require that the coins it trades are in a centralized exchange. Because of this, is it fair to say that InstantDEX will at first be a method for combining exchange liquidity instead of a method for trading without trusting a centralized exchange?
Bitcoinrocks, thanks for the interesting questions, these are things I was curious about but wasn't quite sure how to ask. jl777, thanks for all the great answers - exciting stuff. Please keep this dialog going, I didnt get the impression bitcoinrocks is impatient, but just trying to understand what the near term goals are and how exactly it will initially work vs how you ultimately plan for it to all come together. I think discussions like this only help to clarify and demonstrate how significant and important your vision is.
Initial launch will not support all coins and all exchanges and all trade methods.
I believe in incremental improvements, so at first it will be a limited set of coins, limited set of exchanges and without tiernolan
I believe in incremental improvements, so at first it will be a limited set of coins, limited set of exchanges and without tiernolan
OK, I think we have the list of supported exchanges above. Which coins will be supported at launch?
If I understand correctly, InstantDEX will at first require that the coins it trades are in a centralized exchange. Because of this, is it fair to say that InstantDEX will at first be a method for combining exchange liquidity instead of a method for trading without trusting a centralized exchange?
that is an old list, I know a lot more are in testing, the MGW process it totally independent of InstantDEX, it is just a special case asset and InstantDEX supports all NXT assets. MGW can support any gen1 coin that supports multisig, just a matter of getting enough demand.
As far as direct local wallet trading, the coins that support tiernolan's cross chain protocol, which should be most of them. The old up for that is that only about one third of the bitcoin miners even accept these transactions, and there are some other fixes needed to make it totally secure.
I have designed InstantDEX to be modular, so as soon as there is a viable way to trade coins, I can add it into the overall structure. So new coins, new exchanges, new methods are all possible to add. However, we have to start somewhere before we can get the ability to trade any coin that is anywhere. Keep in mind that the tiernolan approach has some latency issues, so it has some tradeoffs but it will be the way to do totally peer to peer trading.
It sounds like you are impatient, but we need to get through a few test/debug cycles with the core coins and exchanges before we start expanding. Once the baseline is working, it will be minimal effort to add a new coin or exchange
As far as direct local wallet trading, the coins that support tiernolan's cross chain protocol, which should be most of them. The old up for that is that only about one third of the bitcoin miners even accept these transactions, and there are some other fixes needed to make it totally secure.
I have designed InstantDEX to be modular, so as soon as there is a viable way to trade coins, I can add it into the overall structure. So new coins, new exchanges, new methods are all possible to add. However, we have to start somewhere before we can get the ability to trade any coin that is anywhere. Keep in mind that the tiernolan approach has some latency issues, so it has some tradeoffs but it will be the way to do totally peer to peer trading.
It sounds like you are impatient, but we need to get through a few test/debug cycles with the core coins and exchanges before we start expanding. Once the baseline is working, it will be minimal effort to add a new coin or exchange
I'm not impatient, I'm just trying to understand how InstantDEX will work from a user's perspective at launch.
Can any coin in a supported centralized exchange be traded with InstantDEX at launch, or only coins specifically supported by InstantDEX?
At launch, will InstantDEX be able to trade any coin in a local wallet that is compatible with TierNolan's cross-chain protocol?
I believe in incremental improvements, so at first it will be a limited set of coins, limited set of exchanges and without tiernolan
that is an old list, I know a lot more are in testing, the MGW process it totally independent of InstantDEX, it is just a special case asset and InstantDEX supports all NXT assets. MGW can support any gen1 coin that supports multisig, just a matter of getting enough demand.
As far as direct local wallet trading, the coins that support tiernolan's cross chain protocol, which should be most of them. The old up for that is that only about one third of the bitcoin miners even accept these transactions, and there are some other fixes needed to make it totally secure.
I have designed InstantDEX to be modular, so as soon as there is a viable way to trade coins, I can add it into the overall structure. So new coins, new exchanges, new methods are all possible to add. However, we have to start somewhere before we can get the ability to trade any coin that is anywhere. Keep in mind that the tiernolan approach has some latency issues, so it has some tradeoffs but it will be the way to do totally peer to peer trading.
It sounds like you are impatient, but we need to get through a few test/debug cycles with the core coins and exchanges before we start expanding. Once the baseline is working, it will be minimal effort to add a new coin or exchange
As far as direct local wallet trading, the coins that support tiernolan's cross chain protocol, which should be most of them. The old up for that is that only about one third of the bitcoin miners even accept these transactions, and there are some other fixes needed to make it totally secure.
I have designed InstantDEX to be modular, so as soon as there is a viable way to trade coins, I can add it into the overall structure. So new coins, new exchanges, new methods are all possible to add. However, we have to start somewhere before we can get the ability to trade any coin that is anywhere. Keep in mind that the tiernolan approach has some latency issues, so it has some tradeoffs but it will be the way to do totally peer to peer trading.
It sounds like you are impatient, but we need to get through a few test/debug cycles with the core coins and exchanges before we start expanding. Once the baseline is working, it will be minimal effort to add a new coin or exchange
I'm not impatient, I'm just trying to understand how InstantDEX will work from a user's perspective at launch.
Can any coin in a supported centralized exchange be traded with InstantDEX at launch, or only coins specifically supported by InstantDEX?
At launch, will InstantDEX be able to trade any coin in a local wallet that is compatible with TierNolan's cross-chain protocol?
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