Topic: BTCD is no more - page 377. (Read 1328490 times)

http://bitscan.com/articles/anonymity-why-dark-is-the-new-black

Must read article!

James

I picked up more in the low 400's, but it seems I could have waited and got them around 360-370k.  Oh well nvm,  We are still up from 7 days ago, but I was quite hopeful to be holding around 500k by now, especially given how much work has gone in.  I'm quite surprised by how much was dumped this week.  I guess some weak hands and some taking advantage of the pump and dump to try and accumulate. 

There's going to be a huge rush for coins when the first of the features goes live though, it will hit 700k in no time, and a lot of people will be pissed at their missed opportunity!

I saw the low price caused by the big drop in BTC price and I thought I could get some nice BTCD below .004, but it looks like there is not much available, ~250 BTCD below that price on bittrex

James

I finally got a chance to try the mgw today. It works very well, and was quite easy. But, why oh why do you have to wait for 6 BTC confirms? Most every exchange is happy with 1 confirm and surely 3 should be more than enough.

For whoever wants to know more about how Multigateway works  v.01 of the Multigateway Service Docs - http://multigateway.org/downloads/Multigateway_docs.pdf

James

P.S. Teleport is a descendant of MGW

We have little more than 1000 blocks before PoS starts. Adding 80,000 coins to the current total only gets it to 1.2 million coins. There is no way we will get to 1.4 million, let alone 1.6 million.

So, probably late tonight/early tomorrow we go to a 5% per year rate of new coins, that's ~60,000 per year! Not 100,000+ per day. OK, so it will compound, but we are talking 164 new coins per day, so this compounding will not be so fast.

Not sure if this is right, but daily rate of 1.00013698630137 compounded 365 times goes from 5% to 5.12%, so it is a gain, but really we can ignore it for the first... decade!

I estimate that in 10 years, we will get to 2 million coins. Then it does start growing faster, so after 20 years we will have 3.5 million coins, etc.

Realistically we will have < 1.5 million coins with practically no selling pressure. When I first found out about BTCD it was interesting, but I assumed it would have 22 million coins pretty fast. Also the "giant premine" was calculated not on the full 22 million like I had assumed, but on the PoW phase, so the devs have a whopping 20,000 BTCD or something like that. While in the future this will be worth quite a bit, this amount was easily obtained for 1 BTC and even after appearing on exchange for 3 BTC. So all the "premine FUDsters" can explain to us how a few BTC to the coin creators is a problem.

With DRK in the first days of the coin, there was a "bug" that allowed the early miners to get over 1 million coins. Guess who was running the official mining pool? Yes, the dev of the coin. So, Evan certainly deserves his millions from what he achieve with DRK, but on a fairness scale BTCD is orders of magnitude more fair, like 100 times more fair.

I dont know how many different people are mining, but the petahash(!) rate is absolutely incredible and this indicates it is more than the half dozen early miners that get all the cheap coins that is usual. So, for marketing if we can figure out how widely BTCD is distributed, this will head off any of the "unfair distribution" nonsense that is bound to come our way.

How else will they attack us? We dont have anything new? Ha! Let them try that and explain how 30,000 lines of new code is not new.

Awesome name. Maybe the logo is on the weak side. Hopefully there is a professional graphic artist among us. I am sure bounty for a fantastic logo will be made available. I know so far it has mostly been about the mining and I would think that BTCD community did more hash in its first week than any other coin. [Can somebody back this up with facts?]

So as we transition into PoS, the mining will go away, but please keep at least one server ready. Each server running a node will earn revenue sharing and be the cornerstone for a decentralized infrastructure that will literally change crypto. I think big, I talk big, and I achieve big.

DRK has something like 500 masternodes. It would be great if we had more nodes than DRK, so I hope somebody can document the number of active (server type) of nodes vs just people running the Qt on their PC. We wont need all these nodes for a bit yet, but I want to make sure that we can ramp up to it when it is ready.

For the next two months or so, I would like the BTCD community to become a software testing community. That is what I need to get my stuff done as soon as possible. So bug tracking, of course testers, documentation, usability focus groups, etc. there will be things for everyone who can use a computer to do. After all to get to top 10 coinmarketcap, we need a lot of new users and that means all the software needs to be easy enough to use for everyone, including all of us!

So, if you have organizational skills, we need you.
if you have graphics skills, we need you.
if you have communication skills, we need you.
if you have PR contacts, we need you
if you have common sense and can use a computer, we need you
if you have tech skills, we need you too!

I wont divulge the full tech roadmap yet, but I will show with my actions that I put my money behind what I say. I believe in my abilities to deliver the tech that I will purchase another 10+ BTC worth and to make sure I actually get the coins, I will put the bid in at .000666

HODL is the best strategy for a coin like BTCD. HODL and TESTL, then we will release and market and dominate. So if you are with me, help out to the best of your abilities and availability and dont sell below the magic price of .000666

I want today to be the last day BTCD was available below that price.

James

P.S. Its been quite a week, my multigateway went live today, you can see it at http://www.multigateway.com

For single server setups, I think it is better to not be putting passwords in the .conf file as it just creates chances to post it by accident. But for a remote setup, it is more risk to be making copies of the .conf files.

So, I added "rpcuserpass" field in the .conf JSON for you. It this one is set, it will ignore any bitcoin.conf file (so you dont need the "conf" field for that coin)

the format of the argument is ":"

James

P.S. I only coded it, so it is untested for now, maybe you can test it when it is released?

figured as much. so if I'm running a privacy server on a different box, I could just copy all the .conf's over, but perhaps having them in the json would be more flexible?

I parse the bitcoin.conf file to get the credentials, so specifying the location of the .conf file authorizes access

Yes that's what I do now, but just looking at the json you posted, the credentials are expected in a file location?

I think you could put the requesting server's IP address in the rpcallow field, so only your server can access the daemon's remotely.
If that wont work, I could add some authentication JSON fields to the .conf file, just let me know what you need

Yup actually, way underestimated that, I'm at 62 now. It's my coin master and dedicated for providing the daemons/wallets for my pools. So looks like the privacyserver would have to be local to the wallets. Would there be any way to provide authentication details for remote access? I say remote, but simply another machine on the same private network.

Wow 30 daemons running stable on one server! You can use the same ones, just need to add a JSON entry for each coin:

{"name":"BTC","conf":"/home/root/.bitcoin/bitcoin.conf","asset":"4551058913252105307","rpc":"127.0.0.1:8332","minconfirms":3,"estblocktime":600},

This will allow the tradebot to know how to communicate with each coin's daemon

Have you considered doing reed-solomon on the data to correct any corrupt packets?  It would add some redundant overhead, but you'd gain reliability in noisy networks.

http://www.drdobbs.com/cpp/reed-solomon-error-correction/184410107