Author

Topic: BTCD is no more - page 191. (Read 1328507 times)

full member
Activity: 237
Merit: 100
October 17, 2014, 08:33:54 AM
Its not clear to me how the community can help. I often read about testing, server hosting. Hows this realized? Id like to give some support, have 1-2 free internet connections (no static IP, however) and also spare computers I could set up as nodes for testing 24/7. I just need to know what has to be done...
Is there a client for testing I can run, easy as that?
hero member
Activity: 529
Merit: 505
I'm on drugs, what's your excuse?
October 17, 2014, 08:22:21 AM
I don't know about you all, but at this point I will see BitcoinDark go to 0 before I sell a single coin. This price is insulting, it doesn't reflect our value at all. Just wait until v2 is released  Smiley

+ 1 Jon Wink
hero member
Activity: 690
Merit: 501
October 17, 2014, 07:13:16 AM
I don't know about you all, but at this point I will see BitcoinDark go to 0 before I sell a single coin. This price is insulting, it doesn't reflect our value at all. Just wait until v2 is released  Smiley
legendary
Activity: 1176
Merit: 1134
October 17, 2014, 04:39:56 AM
So if you trade for a telepod on InstantDEX, can you keep it as long as you like and later modify it with the amount of money,message,,ect,you want to send via aged telepod? Will aged telepods become desireable because the age makes them that much harder to trace?
very close!
the older it is, the larger the anon set. However you cannot really modify a telepod, only clone it. Still I expect there to be a market for telepods and maybe the older ones will fetch a premium.

James
newbie
Activity: 51
Merit: 0
October 17, 2014, 01:11:38 AM
So if you trade for a telepod on InstantDEX, can you keep it as long as you like and later modify it with the amount of money,message,,ect,you want to send via aged telepod? Will aged telepods become desireable because the age makes them that much harder to trace?
legendary
Activity: 1176
Merit: 1134
October 17, 2014, 01:05:10 AM
pushed a new version
please update asap with ./m_unix if you are running a test server
legendary
Activity: 1176
Merit: 1134
October 16, 2014, 10:27:10 PM
The problem with these automatic purchases will be that the spread of the low volume coins will usually lead to a rather large hit upon conversion... any idea how that will be solved?

That was the one problem I could think of. It may be a far fetched idea, I was just throwing it out there.
I will make InstantDEX trading for small denomination telepods to be used for fees
so you buy a bunch of them for one purchase. To facilitate things, probably will do this on breakeven basis, maybe even have some sort of faucet type of mechanism.

We need to jumpstart things, which requires injecting the system with telepods. Once they are created, they can be traded like cash.

James
newbie
Activity: 39
Merit: 0
October 16, 2014, 10:09:17 PM
The problem with these automatic purchases will be that the spread of the low volume coins will usually lead to a rather large hit upon conversion... any idea how that will be solved?

That was the one problem I could think of. It may be a far fetched idea, I was just throwing it out there.
legendary
Activity: 817
Merit: 1000
October 16, 2014, 09:54:48 PM
The problem with these automatic purchases will be that the spread of the low volume coins will usually lead to a rather large hit upon conversion... any idea how that will be solved?
newbie
Activity: 39
Merit: 0
October 16, 2014, 09:42:58 PM


What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.

In order to send money anonymously, you must own BTCD - even if temporarily.
So must everyone else. So there will be demand for BTCD. The same could be said of gold - some people like to transact in it or use it store value. Maybe not you, but if you think more of those people are going to exist, then maybe there's a case for getting some.
Then you have the 5% stake, and the SuperNET dividends going to BTCD, which are separate from the SuperNET dividends going to holders of SuperNET.


So in order to use teleport you will require some btcd?

Now here I'm a little hazy. I think you may not have to, but BTCD will be involved at some point along the way. So although you may not directly own any yourself, if you want to send BTC anonymously, it will go through a BTCD transaction, and will have a fee attached too.
People that want to use Teleport will need to have some BTCD for the fees, which will be paid in BTCD telepods.
I also think we might need to have some bandwidth usage fees to prevent spam attacks, again to be paid with BTCD telepods

James

Any way for a purchase of BTCD to be made automatically in the background to cover the Teleport fee? I think it would streamline the process.
member
Activity: 89
Merit: 10
October 16, 2014, 07:45:10 PM
Page 369

BitcoinDark is fine

Give it to me sock it to me one more time


http://www.youtube.com/watch?v=IYH7_GzP4Tg
legendary
Activity: 1176
Merit: 1134
October 16, 2014, 02:14:04 PM


What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.

In order to send money anonymously, you must own BTCD - even if temporarily.
So must everyone else. So there will be demand for BTCD. The same could be said of gold - some people like to transact in it or use it store value. Maybe not you, but if you think more of those people are going to exist, then maybe there's a case for getting some.
Then you have the 5% stake, and the SuperNET dividends going to BTCD, which are separate from the SuperNET dividends going to holders of SuperNET.


So in order to use teleport you will require some btcd?

Now here I'm a little hazy. I think you may not have to, but BTCD will be involved at some point along the way. So although you may not directly own any yourself, if you want to send BTC anonymously, it will go through a BTCD transaction, and will have a fee attached too.
People that want to use Teleport will need to have some BTCD for the fees, which will be paid in BTCD telepods.
I also think we might need to have some bandwidth usage fees to prevent spam attacks, again to be paid with BTCD telepods

James
legendary
Activity: 1764
Merit: 1031
October 16, 2014, 10:21:23 AM


What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.

In order to send money anonymously, you must own BTCD - even if temporarily.
So must everyone else. So there will be demand for BTCD. The same could be said of gold - some people like to transact in it or use it store value. Maybe not you, but if you think more of those people are going to exist, then maybe there's a case for getting some.
Then you have the 5% stake, and the SuperNET dividends going to BTCD, which are separate from the SuperNET dividends going to holders of SuperNET.


So in order to use teleport you will require some btcd?

Now here I'm a little hazy. I think you may not have to, but BTCD will be involved at some point along the way. So although you may not directly own any yourself, if you want to send BTC anonymously, it will go through a BTCD transaction, and will have a fee attached too.
legendary
Activity: 817
Merit: 1000
October 16, 2014, 09:57:33 AM


What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.

In order to send money anonymously, you must own BTCD - even if temporarily.
So must everyone else. So there will be demand for BTCD. The same could be said of gold - some people like to transact in it or use it store value. Maybe not you, but if you think more of those people are going to exist, then maybe there's a case for getting some.
Then you have the 5% stake, and the SuperNET dividends going to BTCD, which are separate from the SuperNET dividends going to holders of SuperNET.


So in order to use teleport you will require some btcd?
legendary
Activity: 1764
Merit: 1031
October 16, 2014, 09:51:46 AM


What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.

In order to send money anonymously, you must own BTCD - even if temporarily.
So must everyone else. So there will be demand for BTCD. The same could be said of gold - some people like to transact in it or use it store value. Maybe not you, but if you think more of those people are going to exist, then maybe there's a case for getting some.
Then you have the 5% stake, and the SuperNET dividends going to BTCD, which are separate from the SuperNET dividends going to holders of SuperNET.
legendary
Activity: 817
Merit: 1000
October 16, 2014, 09:25:20 AM
So does supernet, more so I believe... why not just buy supernet?
legendary
Activity: 3570
Merit: 1126
October 16, 2014, 09:13:11 AM


What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.
hero member
Activity: 635
Merit: 500
October 16, 2014, 09:03:31 AM
I think its because its all done on the Btcd blockchain, however Im far from a technical expert but that's what I thought.
legendary
Activity: 817
Merit: 1000
October 16, 2014, 08:36:40 AM
Right. There is some super-cool stuff (no pun intended this time) going on behind the scenes, as anyone able to get even the gist of James' coding updates will realise. I'm pretty sure that no system like this privacy network exists anywhere in crypto, and possibly anywhere, full stop - feel free to comment if you know more about what's out there. (One of the reasons I suspect this is because James, possibly as a punishment for something unpleasant I did to him in a previous life, has asked me to write up his new ideas on sending messages anonymously. This breaks new ground - it's like sending someone a letter without knowing their name or address. This anonymity will be built into BTCD's communications, within the client.) Anyway.

There remains some ongoing confusion over the relationship between BTCD and SuperNET, as well as the overall development process, timetable and so on. That's understandable, and is mainly just a result of the decentralisation on which all crypto is based; decentralisation has its cons as well as pros. In any case, it's worth addressing to the extent that is possible, especially in the light of recent price slides. These could be due to any number of reasons unrelated to the progress of the tech and as far as I am concerned are no big deal, but it gives trolls a foothold to spread their FUD within the community and cause various problems. The best lies, after all, are close to the truth.

There are regular updates in the SuperNET newsletter. We will be making a point of filling in some of the background as well as detailing the tech updates. Please sign up for these at http://thesupernet.org/, and get over to the SuperNET forum (https://forum.thesupernet.org/index.php) for more information. In the meantime, here's a sneak peek from the draft of this week's SuperNET newsletter. Hopefully it will be useful.

BTCD and SuperNET

Analogies are often more powerful than explanations. Imagine a new country, spread out in front of you. Scattered around the landscape is everything you might need or want. Stores, selling anything you could ever hope to buy. Casinos and other entertainment centres. Exchanges, financial services and trading posts. News and information outlets. These are like the services offered by SuperNET. Incredibly, though the cryptocurrency world offers so many remarkable businesses, no one has thought to link them together before. They are just a set of isolated organisations, either competing with each other or just operating independently.

BTCD is the highway that connects everything. The infrastructure it provides will enable communication between you and all of the different services, through what it shaping up to be one of the most secure communication links ever developed. It’s like a network of roads, tunnels and bridges that enables you to go anywhere and do anything.

To complete the analogy, NXT is the sophisticated engine that gets you around this network of roads and the services you can find there. It’s a 2.0 car that’s designed to do far more than drive from A to B. NXT doesn’t just allow you to transact; it houses the Asset Exchange and many of the other services that will allow you to interact meaningfully with others on your way around SuperNET - the whole Super Network of integrated coins and services.

So how might it look in practice? (Thanks to mackowski for this concept)

You’ll need the new BTCD wallet that longzai is working on to access SuperNET. The good news is, that’s it: everything is housed inside it. That’s the whole point of SuperNET - unity.

You’ll click a tab in the BTCD client and it will open SuperNET. From there, you’ll directly be able to access SuperNET’s functionality. You can send cash anonymously, using Teleport (James’ new anonymity protocol). If you’re particularly concerned about privacy, you can pass it through a Boolberry exchange first to make absolutely sure, layering Teleport with BBR’s ring signature technology. Perhaps you play neoDice for a while - that will be built into the client. You check your portfolio of assets, which include SuperNET itself; you’ve been paid dividends, which include both NXT and shares in a new company that has recently joined SuperNET.

You may want to exchange some NXT for BTC, which you can do through the peer-to-peer instant exchange, InstantDEX. Maybe you also need some to spend in the real world, so you cash some coins out to your SuperNET card - the anon card offered by Coinomat. Then you decide to browse FreeMarket for a while to see whether anything interesting is for sale. Lastly, you message a friend about a joint project you’re working on. All of this happens completely securely, because privacy is built into every transaction that takes place with BTCD.

What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.
legendary
Activity: 3570
Merit: 1126
October 16, 2014, 06:09:56 AM
Right. There is some super-cool stuff (no pun intended this time) going on behind the scenes, as anyone able to get even the gist of James' coding updates will realise. I'm pretty sure that no system like this privacy network exists anywhere in crypto, and possibly anywhere, full stop - feel free to comment if you know more about what's out there. (One of the reasons I suspect this is because James, possibly as a punishment for something unpleasant I did to him in a previous life, has asked me to write up his new ideas on sending messages anonymously. This breaks new ground - it's like sending someone a letter without knowing their name or address. This anonymity will be built into BTCD's communications, within the client.) Anyway.

There remains some ongoing confusion over the relationship between BTCD and SuperNET, as well as the overall development process, timetable and so on. That's understandable, and is mainly just a result of the decentralisation on which all crypto is based; decentralisation has its cons as well as pros. In any case, it's worth addressing to the extent that is possible, especially in the light of recent price slides. These could be due to any number of reasons unrelated to the progress of the tech and as far as I am concerned are no big deal, but it gives trolls a foothold to spread their FUD within the community and cause various problems. The best lies, after all, are close to the truth.

There are regular updates in the SuperNET newsletter. We will be making a point of filling in some of the background as well as detailing the tech updates. Please sign up for these at http://thesupernet.org/, and get over to the SuperNET forum (https://forum.thesupernet.org/index.php) for more information. In the meantime, here's a sneak peek from the draft of this week's SuperNET newsletter. Hopefully it will be useful.

BTCD and SuperNET

Analogies are often more powerful than explanations. Imagine a new country, spread out in front of you. Scattered around the landscape is everything you might need or want. Stores, selling anything you could ever hope to buy. Casinos and other entertainment centres. Exchanges, financial services and trading posts. News and information outlets. These are like the services offered by SuperNET. Incredibly, though the cryptocurrency world offers so many remarkable businesses, no one has thought to link them together before. They are just a set of isolated organisations, either competing with each other or just operating independently.

BTCD is the highway that connects everything. The infrastructure it provides will enable communication between you and all of the different services, through what it shaping up to be one of the most secure communication links ever developed. It’s like a network of roads, tunnels and bridges that enables you to go anywhere and do anything.

To complete the analogy, NXT is the sophisticated engine that gets you around this network of roads and the services you can find there. It’s a 2.0 car that’s designed to do far more than drive from A to B. NXT doesn’t just allow you to transact; it houses the Asset Exchange and many of the other services that will allow you to interact meaningfully with others on your way around SuperNET - the whole Super Network of integrated coins and services.

So how might it look in practice? (Thanks to mackowski for this concept)

You’ll need the new BTCD wallet that longzai is working on to access SuperNET. The good news is, that’s it: everything is housed inside it. That’s the whole point of SuperNET - unity.

You’ll click a tab in the BTCD client and it will open SuperNET. From there, you’ll directly be able to access SuperNET’s functionality. You can send cash anonymously, using Teleport (James’ new anonymity protocol). If you’re particularly concerned about privacy, you can pass it through a Boolberry exchange first to make absolutely sure, layering Teleport with BBR’s ring signature technology. Perhaps you play neoDice for a while - that will be built into the client. You check your portfolio of assets, which include SuperNET itself; you’ve been paid dividends, which include both NXT and shares in a new company that has recently joined SuperNET.

You may want to exchange some NXT for BTC, which you can do through the peer-to-peer instant exchange, InstantDEX. Maybe you also need some to spend in the real world, so you cash some coins out to your SuperNET card - the anon card offered by Coinomat. Then you decide to browse FreeMarket for a while to see whether anything interesting is for sale. Lastly, you message a friend about a joint project you’re working on. All of this happens completely securely, because privacy is built into every transaction that takes place with BTCD.



Great write up. Makes it a lot easier for most people to digest when presented like this.
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