Author

Topic: BTCD is no more - page 300. (Read 1328505 times)

legendary
Activity: 1176
Merit: 1134
August 29, 2014, 02:18:16 AM
not much time
One request: Do not stoop to the level of the trolls!
Please, I do get a bit upset at times, but I try to respond in a way that is logical and certainly never resort to namecalling
If they just go illogical just respond, "I am not made of cheese"
trolls get really confused by that, still waiting for one of them to ask me what that means

About BBR. I am in discussions with crypto_zoidberg. More details when we are ready

much debugging
little time
Please set a high standard of behavior and make me proud. If there is any pollution in this thread, then it should only be from trolls.

Thanks

James
I'm sorry
Sure, it will not repeat. But I believe my comment is right.

it's ok to think it Smiley
just be civilized when posting
legendary
Activity: 1176
Merit: 1134
August 29, 2014, 02:17:23 AM
I want to understand how staking works and where the staked coins come from.

Is it like Nxt forging and the coins come from tx fees or are there new coins created by staking?
new coins created
legendary
Activity: 1176
Merit: 1134
August 29, 2014, 02:16:40 AM
Jame, asked this earlier, have not seen any answer:

Regarding telepod creation, you have noted several times that telepod creation will not be an attractive activity for all. Can you develop your ideas about this, what situations / conditions would make creation attractive, be it legal situation, economic entity, liability limitation, national jurisdiction etc.  Thx.
maybe profit?
I think there will be vendors who setup selling telepods for a markup
they would have the expertise so that there are setup to be immune from foreign laws and maybe they are setting up funding via already anon source.

Basically these "Teleport-station terminals" that feed into the overall teleport economy is what I think will happen.
I will make some demonstration version so that anybody that wants to can set one up and they can add whatever additional protections they feel warranted. The mechanism to then have a way to trade for these telepods would be made, eg. InstantDEX tradebots, or just some alternate channel communications.

For most people, I think to make a "transporter" account and then fund it from coinbase will be fine for small amounts. nobody is going to care about a few BTC being fed into the system. but of course N users * 3 BTC creates quite enough telepods for any normal level of activity.

I havent worked out all the details, but it is like making the carpet and paint for a house after it is built. Without it, nobody will like it so much, but compared to the actual building of the house it is not a matter to lose sleep over.

James

P.S. I am hoping to have some prearranged "vending machines" for people to be able to get telepods, especially via other anon coins. send any coin to the vending machine and telepod appears in your computer.

Will be interesting how much these telepods can fall under the same legal definitions as digital currency instruments, so that the jurisdictions that are developing favorably for btc will have an advantage. I like the vending machine idea. The gui keeps getting more important here.

Kristov Atlas mentions at show closing that he is studying the darkpaper and will likely have something to say about it next week, might be an very opportune moment to forward him a schema of the mechanics with the onion routing, randomizing, m numbers etc. plus the ecosystem perspective.


if you are in contact with anybody reviewing DarkPaper, let them know I am always available for answering questions (in writing)
sr. member
Activity: 294
Merit: 250
August 29, 2014, 02:10:46 AM
Jl777 you might want to look into using neoscoin in colaberation with BTCD, has his own brand of anon sending "arbitrush". Well known coder (syntaks).

Whoa 12btc buy wall on neos after I said this?

whats happening Shocked

Neos part of btcd coins like bbr?

If so then expect a pump, considering its got a 98k usd market cap


Damn I love btcd
legendary
Activity: 1512
Merit: 1004
August 29, 2014, 02:01:54 AM
0x107834a00 create    0.00010000 height.630866    LTC LbyWaKvRLTpwP88YZ6MucwdzQUpd9dQYA6 b90b4a4d345b994b93613c17b83f093f9f28028513841ff87fa65d87d80b547e/vout_1

The first non-BTCD telepod has been created
Great.
How to set up a telepod for a ordinary user?
There will be some tutorials?
member
Activity: 77
Merit: 10
August 29, 2014, 01:56:52 AM
I tried to build the source code into executable files, all goes fine, but where is the configuration files located?

Using Ubuntu desktop.

Thanks
hero member
Activity: 552
Merit: 500
August 29, 2014, 01:47:49 AM
not much time
One request: Do not stoop to the level of the trolls!
Please, I do get a bit upset at times, but I try to respond in a way that is logical and certainly never resort to namecalling
If they just go illogical just respond, "I am not made of cheese"
trolls get really confused by that, still waiting for one of them to ask me what that means

About BBR. I am in discussions with crypto_zoidberg. More details when we are ready

much debugging
little time
Please set a high standard of behavior and make me proud. If there is any pollution in this thread, then it should only be from trolls.

Thanks

James
I'm sorry
Sure, it will not repeat. But I believe my comment is right.
legendary
Activity: 2044
Merit: 1055
August 29, 2014, 01:12:11 AM
I want to understand how staking works and where the staked coins come from.

Is it like Nxt forging and the coins come from tx fees or are there new coins created by staking?
hero member
Activity: 820
Merit: 1000
August 29, 2014, 12:47:20 AM
... and with all this going on, and a cryptocurrency game-changing release imminent, people are selling!  That's not my buy wall at 850k on bittrex, but I have filled my boots from 800k to 850k between the exchanges today.  There's going to be some very sorry people soon, and I don't think it will be those who bought at this price...
sr. member
Activity: 378
Merit: 250
August 29, 2014, 12:36:35 AM
Jame, asked this earlier, have not seen any answer:

Regarding telepod creation, you have noted several times that telepod creation will not be an attractive activity for all. Can you develop your ideas about this, what situations / conditions would make creation attractive, be it legal situation, economic entity, liability limitation, national jurisdiction etc.  Thx.
maybe profit?
I think there will be vendors who setup selling telepods for a markup
they would have the expertise so that there are setup to be immune from foreign laws and maybe they are setting up funding via already anon source.

Basically these "Teleport-station terminals" that feed into the overall teleport economy is what I think will happen.
I will make some demonstration version so that anybody that wants to can set one up and they can add whatever additional protections they feel warranted. The mechanism to then have a way to trade for these telepods would be made, eg. InstantDEX tradebots, or just some alternate channel communications.

For most people, I think to make a "transporter" account and then fund it from coinbase will be fine for small amounts. nobody is going to care about a few BTC being fed into the system. but of course N users * 3 BTC creates quite enough telepods for any normal level of activity.

I havent worked out all the details, but it is like making the carpet and paint for a house after it is built. Without it, nobody will like it so much, but compared to the actual building of the house it is not a matter to lose sleep over.

James

P.S. I am hoping to have some prearranged "vending machines" for people to be able to get telepods, especially via other anon coins. send any coin to the vending machine and telepod appears in your computer.

Will be interesting how much these telepods can fall under the same legal definitions as digital currency instruments, so that the jurisdictions that are developing favorably for btc will have an advantage. I like the vending machine idea. The gui keeps getting more important here.

Kristov Atlas mentions at show closing that he is studying the darkpaper and will likely have something to say about it next week, might be an very opportune moment to forward him a schema of the mechanics with the onion routing, randomizing, m numbers etc. plus the ecosystem perspective.

legendary
Activity: 1176
Merit: 1134
August 29, 2014, 12:29:41 AM
Jame, asked this earlier, have not seen any answer:

Regarding telepod creation, you have noted several times that telepod creation will not be an attractive activity for all. Can you develop your ideas about this, what situations / conditions would make creation attractive, be it legal situation, economic entity, liability limitation, national jurisdiction etc.  Thx.
maybe profit?
I think there will be vendors who setup selling telepods for a markup
they would have the expertise so that there are setup to be immune from foreign laws and maybe they are setting up funding via already anon source.

Basically these "Teleport-station terminals" that feed into the overall teleport economy is what I think will happen.
I will make some demonstration version so that anybody that wants to can set one up and they can add whatever additional protections they feel warranted. The mechanism to then have a way to trade for these telepods would be made, eg. InstantDEX tradebots, or just some alternate channel communications.

For most people, I think to make a "transporter" account and then fund it from coinbase will be fine for small amounts. nobody is going to care about a few BTC being fed into the system. but of course N users * 3 BTC creates quite enough telepods for any normal level of activity.

I havent worked out all the details, but it is like making the carpet and paint for a house after it is built. Without it, nobody will like it so much, but compared to the actual building of the house it is not a matter to lose sleep over.

James

P.S. I am hoping to have some prearranged "vending machines" for people to be able to get telepods, especially via other anon coins. send any coin to the vending machine and telepod appears in your computer.
sr. member
Activity: 294
Merit: 250
August 29, 2014, 12:27:43 AM
Jl777 you might want to look into using neoscoin in colaberation with BTCD, has his own brand of anon sending "arbitrush". Well known coder (syntaks).
sr. member
Activity: 294
Merit: 250
August 29, 2014, 12:25:30 AM
BitcoinDark with teleport
LOL

give it 1 more month

we will also see
BitcoinGreen --- the green no energy coin
BitcoinBlack --- the bitcoin black
BitcoinRed -- the communist China coin
BitcoinBrown -- the Latin coin ..........

btc wave rofl

coming soon...
BitcoinGreen -- BCG

Bitcoinlight ann thread announced. I guess if dark means hidde  then bitcoinlight must be the honest version, it must sent a excel document containing all transactions sent to every user:)
sr. member
Activity: 378
Merit: 250
August 29, 2014, 12:17:41 AM
Jame, asked this earlier, have not seen any answer:

Regarding telepod creation, you have noted several times that telepod creation will not be an attractive activity for all. Can you develop your ideas about this, what situations / conditions would make creation attractive, be it legal situation, economic entity, liability limitation, national jurisdiction etc.  Thx.
legendary
Activity: 1176
Merit: 1134
August 29, 2014, 12:07:41 AM
running out of things to do. I guess I will look into changepods as it seems we will need those.
You can always copy+paste some of your local notes into your or the btcd wiki.
i'd rather peel raw encrypted onions Smiley
remembered I still need to address the packet to the privacy server and not the actual destination as the only path to a random peer is via broadcast and no sense in using that unless absolutely necessary

Its just a few line that need to change, but has to be precise
legendary
Activity: 1764
Merit: 1000
August 28, 2014, 10:04:35 PM
BitcoinDark with teleport
LOL

give it 1 more month

we will also see
BitcoinGreen --- the green no energy coin
BitcoinBlack --- the bitcoin black
BitcoinRed -- the communist China coin
BitcoinBrown -- the Latin coin ..........

btc wave rofl

coming soon...
BitcoinGreen -- BCG
hero member
Activity: 690
Merit: 501
August 28, 2014, 09:01:09 PM
If you ignore these whale games and draw a smooth long term line you will see BTCD is making nice "turtle" like progress.


Slow and steady wins the race!

I suck at daytrading, so even though I've been able to call most rises/falls in price, I'm not risking any of my investment. Hodl!
legendary
Activity: 1176
Merit: 1134
August 28, 2014, 08:57:34 PM
I took a look at the price and it seems the whales have stopped their silly games!
This allows the price to build a nice solid base at .009 and like a foundation for a building, the taller the building you want, the wider the base should be.
Unless you make it out of superstrong materials from the future Smiley

The longer term average has finally caught up with the price and for most coins, it would be going into negative territory during this consolidation phase. But as has been the case, BTCD's "down" cycle is just going sideways.
A 10:1 buy vs sell ratio and this looks like actual people bids, not silly bots, so with support like this it gives nice confidence for traders to come in.

Now some people say we are down from ATH of .012, but really all the .01 to .012 stuff started when somebody bought out the entire polo sell side up to .025 or something like that and this rippled to the other markets. If you ignore these whale games and draw a smooth long term line you will see BTCD is making nice "turtle" like progress.

So while it is quite fun to see the trampoline clown (and profitable now we know the game), the real progress is the turtle just making steady gains day by day. That is really the sustainable price growth, so if you just buy when it is at the long term green line and sell when the whale makes a big splash, then soon maybe you become the whale.

When you have something you can be confident in and it has a solid base, the risk level goes down as it approaches the support. Then you can estimate how high the trampoline games will take it and if the ratio of falling to the support vs. rising to the expected level is a minimum of 3:1, then you are going to be fine in the long run. Even if you are only right 1 of three times, you are still fine. If you are right 2 of 3 you are making nice gains.

Now if the ratio goes to some crazy 10:1 then you just need to be right a few times. Also the bigger of a gain you are waiting for, the less you are trading and the opposite the smaller gain, the more you are trading. Finding the right balance is tricky and depends on your risk tolerance, time availability, etc. The other thing is that if you do get over excited (not hard in this market) and end up buying at the higher end of the range, it means you need to wait for the turtle to catch up to you. So maybe you are on the sidelines for a while

James
newbie
Activity: 41
Merit: 0
August 28, 2014, 08:45:45 PM
0x107834a00 create    0.00010000 height.630866    LTC LbyWaKvRLTpwP88YZ6MucwdzQUpd9dQYA6 b90b4a4d345b994b93613c17b83f093f9f28028513841ff87fa65d87d80b547e/vout_1

The first non-BTCD telepod has been created

This is awesome news !!!. Great job James!
legendary
Activity: 1176
Merit: 1134
August 28, 2014, 08:42:25 PM
Not sure if I mentioned, the local encryption/decryption is debugged. Actually it just worked the first time, so I didnt really have to debug it, maybe that's why I dont think I posted about it.

I did make some simplications, but also a new requirement that each coin must have a "pubaddr" and that when you are teleporting coinX, it will end up encrypted with the coinX's pubaddr. I just realized this might have created a bug with the sending to BTCD pubaddr.  I just dont think it is practical to have a different pubaddr for each coin that you will be getting telepods with. What a mess. This way, all teleports are sent to BTCD pubaddr and it ends up in the proper coin's encryption sequence.

James
It looks like the code is properly separating the delivery coin destination from the telepod cointype, but really need a live test to make sure.

Still waiting on the release, running out of things to do. I guess I will look into changepods as it seems we will need those.

James
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