Topic: BTCD is no more - page 352. (Read 1328490 times)

THe short answer is yes. The long answer is, I don't know which asset is the correct one. James has a large list of interlocking and over lapping assets, some pay dividends, and some just hold other assets. I think if you hold the mgw asset you will possilby get dividend and maybe the price will go up. But, read the asset descriptions carefully.

now there is reasonable trading volumes on mgwBTCD, someone needs to get a hold of coinmarketcap so they will add its volumes to the total BTCD volumes. They already are getting data from NXT AE for JLH, nemstake and others, so this shouldnt be so much work for them

MGW is already the #3 place for BTCD volumes!
and the withdraw times are a bit less than the one week that cryptsy takes, but it has 1 NXT fee to trade and .02 BTCD fee to withdraw

James

thanks for the explanation 

MGW is operating in non-profit mode for deposits and withdraws and NXT AE costs 1 NXT per bid/ask regardless of how much the transaction if for. I think the largest tx was 50 BTC exchanged, it cost 1 NXT in fees, probably some sort of record

InstantDEX will be providing realtime orderbooks, arbitrary trading pairs, multiple clearance methods and it will be charging a trade commission only on completed trades. NXT AE charges for every bid or ask, plus another time if you cancel. good for large tx, not so good for lots of small trades or in fast moving market

MGW will be getting the same revenue share from InstantDEX as BTCD stakers will get.
MGW asset number is 10524562908394749924 currently trading between 7 and 10 NXT
InstantDEX asset number is 15344649963748848799 currently trading between 32 and 33 NXT

James

P.S. InstantDEX will get 10 times the dividends as MGW so it currently undervalued relative to MGW, probably due to its higher price.

unlike the local file encryption, that went faster than I expected!
always hard to estimate time to do stuff you havent done before

it turned out my onionizing code was already pretty much ready for adding intermediate layers, so I just needed to create a list of peers to be able to randomly select one for each layer and write an iterative function that just wrapped each layer into the output of the previous

still untested, but once I get 3 layers working, then 4, 5, 6, ... are all just part of the same code, so if 3 and 4 work (I have two alternative buffers for src and dest), then I think 254 layers will work too, just will take a long time.

I created an "Lfactor" in the coin JSON to specify the max number of onion layers that are added. There is always the layer to the final destination and if it is a broadcast packet, then no need for any onion layers (gotta fix that in the code!) and another layer for the privacy server with 0 to Lfactor layers in between.

This creates an N*L problem.

Remember the M of N multisig fragments? What if someone uses N of 254 and L of 100? that would be 25400 packets just for a single telepod! Seems like I need to really require a giant deposit for anything crazy like that.

With a random selection of Lfactor and N, the average N*L is:

(max N/2) * (Lfactor/2), with the max being 4 times that
so if the average teleport has 5 telepods, we have (5 * maxN * Lfactor) / 4 as the expected number of packets

Some seriously large bandwidth can be used, so I need to really clamp down on Lfactor. Maybe just a max of 3? I think that is plenty good as any attacker getting a packet wont know even the dest after the next, nor whether that is the final destination.

Next up is to code some local accounting as that ties into local encryption/decryption, I want to see what sort of code is needed for some basic teleport accounting. Expanding it will be much easier once the basics are there.

Also need to get the broadcast pathway and updating of peerinfo's but that code is what I just did for local info, so will just be a matter of making the right call in the right place and sending the packet to the right entry point.

It seems I am forgetting something...

Maybe need some API calls to allow creation of traceable telepods. Not for ordinary use, but at least one person needs to do this to inject telepods into the teleport economy.

The pieces are coming together like two glaciers gradually colliding with each other

James

P.S. somebody liked my 82.5 NXT bid for BTCD, I put another one there. it is nice 15%+ premium over market price

"mgw" asset is available on nxt asset exchange 

ASSET ID: 10524562908394749924

loading as much ammo as possible right now *choo choo*  

/edit

question about mgw:

is there a way to profit from mgw?
like im understanding you get mgwbtc/mgwltc by depositing btc/ltc, then you can sell it for nxt right?

now is there a way to get shares of mgw itself? (or does something like that even exist?)
might be really interesting to get dividends from the trading fees (even though there are no right now lol)

wow , we will to da moon.

Oh, it's coming 

For 2 weeks now I've been watching this pennant formation form on the daily chart.   
It's coiled up up pretty tight. Looks like we might have a breakout any day now.

That's great thankyou. Better do some reading up on these assets. Never dealt with it before

multigateway.org.

You can also go to secureae.com to trade in the NXT AE. That site lets you buy assets with BTC or deposit BTC into your account which will be converted to market rate amount of NXT. The multigateway assets all start with mgw.

You only need to use the mgw to move from coins to assets and back.

Still no sell orders at this time, only buy orders.

https://trade.secureae.com/#11060861818140490423

MGW? Anyone got a link?

I will be offline for some hours, lots of code to write
should be back late tonight

James

I have above market bid of 82.5 NXT per BTCD on MGW

I think I figured out why the Mac wallet gets worse staking performance for me
it has nothing to do with the Mac wallet itself, but rather the networking auto-reconnect of the OS
in this regard, it seems Windows is actually doing better than Max OSX!

I have VERY bad ISP. it used to be bad, so I changed to new ISP and now it is HORRIBLE.
I literally lose all connection about a dozen times a day and have to reboot the modem each time.

This of course really messes up any staking. Thankfully after some period, things automatically reconnect using the new connection and all is well. Its just that Windows appears to do this quicker than Mac and that explains the staking difference

So, if you have reliable internet, then I doubt there will be any noticeable difference in staking. However if you have bad ISP, then you will get a bit better performance from Windows

James

I'm checking out the mgwbtcd now, doubt I'll sell any though 

I am seeing some big spreads on both exchanges, 5% to 10% apart the bids and asks are
seems buyers are patiently waiting for WH to dump, but sellers are not wanting to go so low
Now that MGW is released, hopefully that constant distraction will not be a factor and I can crank out the routing code
If I am not too active posting, it just means I am in coding frenzy

James

We have a fix in testing, but it will require mass adoption of this to have strong effect

We have other priorities now, but long term I want to switch to NXT TF algo, so kind of have to wait for that to come out
In the meantime, I can say that we are making improvements in this area, but specifics to wait until release