Topic: BTCD is no more - page 170. (Read 1328507 times)

What about the other side of this - the very thin sell side?
Assuming any kind of revenue from SuperNET, btcd stakers will receive 5% of this as btcd, meaning btcd will need to be bought before payment. Given its currently tiny market cap, that should create some constant upward pressure, without factoring in its attractiveness as (effectively) a dividend-paying stock.

He will produce a document like he did for DRK
If he does find any attack vectors, I will work to fix them before finalizing

James

I suspect it will continue it's downward movement for several reasons:
1.) Existing buy support for this coin is weak on both Cryptsy and Bittrex imho and overall daily purchase volume is lousy.  Not alot of new money getting into BTCD atm imho.
2.) Though new wallet soon to be released and it looks good, sounds like most of the tech is still at least several weeks away and even when released will likely require a fairly decent amount of beta-testing to work out whatever bugs will likely still be lingering.
3.) Obvious bot-like manipulation of orderbooks has been going on for sometime and it appears whomever is doing it has alotta BTCD.  (I honestly thought this was James himself for quite sometime:)
4.) Given #1 above it doesn't take much for even a relatively small bag holder to quite literally crush the price selling off a couple hundred coins at any given time.

James, can you elaborate on what exactly a design review entails?

Thanks

We are still some weeks away, but a lot of independent things are in motion and we might get staged releases. There is a v1 project management team that is dealing with release issues. I am still quite busy finishing up the API level code.

I just pushed a version that creates database files for each exchange/crypto, eg. bittrex BTCD/BTC. This is necessary to calculate the prices for converting between the currencies via InstantDEX. This is the biggest gap in the API code as to make it work the way I want, I think we will need Tradbots to automate the multistep processes needed for best practice usage for privacy.

Telepathy is working decently, but there are some cases where the connection is not quite reliable enough. We need to get the GUI to help manage the peer to peer connections and to display the transaction history between contacts.

Teleport has worked, even with BTC telepods, but need to properly integrate it with InstantDEX. Transactions are stored in the database file, but I am not happy with the accounting API quite yet and the GUI has to display it properly.

Working with a new GUI dev to get graphical display of InstantDEX orderbooks.

So, the major tech pieces are there, but not quite interfacing with each other perfectly yet.

Kristov Atlas has started the review of the design.

As you see, the GUI is making good progress and we have 100+ people in slack!

Now that BTC seems to have started reversing out of the bear market, when the fiat flows back into BTC, it will be able to flow back into the alts. However, these are really things that cant be controlled, so I will just keep working on the tech.

James

So James I know that you said earlier it would be a race to see which finishes first, the GUI or all the new tech coming out. Seems like the wallet is almost done, how is the tech? Are we talking about days? Weeks? Would be very nice to see BTCD along with BTC to new levels 

sneak peek at new BTCD GUI: https://forum.thesupernet.org/index.php?topic=246.msg1718;topicseen#msg1718

James

Wait for the next BTC parabolic rise, most likely next year. BTCD around the $100 wouldn't surprise.

I don't think this is pumping anymore is it?

I'm confused.  Why do you think it will keep going down with all the new tech that will be released by the end of this year?

No, I meant I was willing to risk 0.02 BTCD cents that the price pre-wallet release falls below it's current level.  I too suspect that if/when it reaches 0.004 that more than a few people will be plopping some decent coin down to snatch up as much as they can.  And if/when it drops below 0.003 many will likely do the same only with more vigor.  If by some miracle we hit the 0.002 range again, this is where I suspect we might find a bottom...perhaps the 0.00225 range?  <--my absolute low-ball guess

Optimistically, maybe see another 100K satoshi's per BTCD again maybe by the middle of next year? Hopefully the new wallet release goes off without a hitch

I'm going to assume you meant 0.002, not 0.02.  There is such little buy and sell volume and so few orders on the books that the price is pretty volatile and largely meaningless.  That said, it has been pretty stable with a bottom around 0.005 for the last month now.  My guess is that it will not dip below 0.004 for any significant amount of time.  I doubt that I am the only one willing to put my hand up and say that I'll be buying decent amounts at that price point.  It's laughable that it would only take 5 BTC to drop the price to 0.004 though, so who knows!.  If I had to bet whether the price would be 0.002 or 0.02 in 6 months time, I know which I would pick...

I'm willing to bet it's less than it is now (0.00493796 current high buy order on Cryptsy).

I'll wager 0.02 BTCD
..going once
..going twice

BTCD and NXT both get same 5% revshare from SN
but NXT is 10x bigger marketcap, so the effect on BTCD will be a lot more

What is good for SN is good for NXT, but much better for BTCD. Also the 5% to NXT goes to fund their devs, while the 5% for BTCD will be used like a multipool, eg. whatever form the 5% is in (BTC, NXT) will be used to purchase BTCD so it can be sent directly to the staking accts. That is necessary to maintain privacy

James

P.S. a v0 wallet will be coming out soon, but it is just to add MGW support for production servers and it didnt make sense to go backwards with the GUI, so it is kind of an in-between release.

Well, it will be always cheaper then when the new wallet comes out, so i'm thinking of just grabbing some of them. Possible it will go lower because some hodlers get into panic mode when they see the price, but real hodlers grab them. Also the BTC price forces many to sell their alts. Profit is profit.

Was thinking of buying 5BTC NXT's, but perhaps i'm going for the 50/50. Anyone any idea about that? Will BTCD be more leading with SN or will NXT rise up?

I'm not sure about that. It may just be that people haven't recognised it as such yet.

BTCD is trading incredibly thinly. There's less than 0.5 BTC between 0.005 and 0.0055 on Trex. I guess we're a community of hodlers. Wally is also playing his games, I see. Now isn't a bad time to start playing back.

Yes, and besides of all the Scams and Shitcoins there was and is a lot of Innovation. Sometimes I think, it's like a big laboratory, including many huge fails etc. But the best learn from it all and I'm sure that there will be some Coins in a few years that could become real game-changers. We haven't seen the "Google" or "Facebook" of Crypto yet. ;-)

Yep, a year ago apart from LTC (a bit faster) there were no real alternatives to BTC. You had Namecoin with their DNS/alias-tech, and Peercoin with some PoS. That seemed about it, if I remember correctly. Cryptoworld certainly has changed a lot this year! 

The latest shift for the BitcoinDark multipool paid out over 44 BTCD.

Cheers!

Why?