Author

Topic: BTCD is no more - page 389. (Read 1328490 times)

legendary
Activity: 1176
Merit: 1134
August 11, 2014, 11:05:30 AM
I have some questions for jl777/dev team;

i'm currently involved (hodling) a lot of coins for special tech/upcoming features; as you imagine i bought many btcd and keep hodling.

what prevents me from buying more is the fact that only anon through teleport + "nxt-like" interface (instadex is that if i understand it right) is planned so far; when exiting/promising stuff is also (i think) peering finance and decentralized "everything" - so storage. (not saying that anon is not important huh; but as an investor and jl777 plan I assume the community don't need to discuss too much about this; except for specific problems to come like dev team did with the encryption poll)

the roadmap until teleport/instadex etc is great; but hodling means long term; ur coding fast and it seems that people/the market love that; i'd love to see the community discussions oriented on the stuff to work on after anon implementation.

so maybe could i throw those questions now  Grin

after teleports; will you keep achieving what the community wants or will you choose the projects you will be working on ?

do you think you are capable doing "any" projects which could come from the community; and is that your plan ?

what's your opinion (if you have one) on counterparty platform; swarm project and storj/cloudcoin ?

Can we make an evolutive roadmap for a longer timeframe; obv subject to changes; but to keep checking what the community wants to use their btcd; and for the fellow hodlers to decide earlier if they want to keep hodling or diversify because the roadmap wouldn't fit their needs (i have in mind that crypto investment are mainly short term because of that lack of informations considering real future in years rather than weeks/months; if I invest in google i can check what are their plans/research fields etc way ahead)

I'm a bit like jl777 when he says he's not a very good trader; my strategy is more to buy low only than sell high and ping pong shit.

Having that kind of roadmap with the active communication of devs; i'd consider going more into btcd; and maybe i'm not alone.

So my longterm roadmap would be :

instadex
teleport anon feats: estimated release : end of september ? who cares :d (yaaay)
peering finance: creating assets with dividends in instadex on btcd blockchain: estimated release : no estimate < 8months
decentralized hosting: rent your hdd space for btcd: estimated release : no estimate <1 year
DAO: discuss the shit out of the DAO principle and make DAO management possible and noobproof/real life-ready: release date : none

i throw that as an example; so at this point we would be debating/discussing about peering finanace/decentralized hosting or DAO implementation while dev team would be finishing instadex/teleport; before release we would answer a poll with projects on the big roadmap listed asking what people want to see first in that map. idk how it worked but i remember some coins with voting features; voting wasn't really easy.

I recently voted in a poll for swarm through counterparty and it was easy as fuck : receive vote (token); send to 1yes 2no 3idk; done. maybe could we have a easy way to officially vote through btcd; and not using a 1337 forum like we're doing now Cheesy (btcd itself could be a dao maybe?  Grin)

tl;dr: i would like to see a bigger picture of btcd when reading the roadmap; implying community discussion and dev opinion (if the communication remains of that quality; that could be easily done) !

keep up the great work; some people are already of hodling that coin  Cheesy don't read me wrong : I just want btcd to improve; so i'm not criticizing for fun  Kiss
I am creating an integrated system that will be the foundation for a large number of future applications. NXT has one minute block times and the most features of any other 2.0 crypto and I find that too slow. I do not consider anything running on BTC blockchain as anything more than niche, I mean it is possible to get a one hour gap between blocks. One Hour!

The roadmap for this year is:

Teleport + privacyServers
tradebots (Turing complete scripting language in C with access to all the power features)
BTCD -> [BTC payments, visa/mastercard, anon card] basically taking care of payments to outside world
InstantDEX for crypto and assets
SVM dev kit to allow high accuracy predictions for tradebots (85%+ possible)
super network (to create the most users of InstantDEX
Privatebet (peer to peer betting using telepods for privacy when betting), maybe this expands to get casino games

With tradebots, BTCD will provide a platform for anybody that knows C to be able to write add on modules to the BTCD network. I am not saying we will be able to replace etherium, even though my guess is that some people will misunderstand this point. However using a totally different approach it is possible to create decentralized tradebots of various levels, so things like storage can be done.

The whole virtual corporation thing seems pretty trivial to me now. I didnt understand it so well before, but now I think I can do it in several weeks, but my first priority is to get the encryption and realtime trading infrastructure in place. Once that exists, then ANYTHING can be built.

I prefer to make reference applications, like Privatebet (multi billion dollar industry where it will have huge competitive edge) and then share revenues with other devs/companies for the zillion other applications. So, like what Microsoft and Apple did. They make OS and allow application companies make money selling applications. So I see my role as showing people the possibilities, creating the tools and the monetization system. There is the entire universe of software to recreate in decentralized crypto form, but it is quite difficult due to lack of tools and lack of understanding. Not to mention how to market it and actually make money.

I do not believe in reinventing the wheel. I like to use the best of what is out there and only code what is missing. I also do not like to do things that other people are better at than me, so I dont do GUI, graphics, and other things that are somewhat subjective. I also find application software is quite subjective, so while if there is an interesting problem to solve like with Privatebet, then I of course will do the "magic" API, but the user interface part is done by others. I think my role is to make a system that allows others to easily create decentralized applications that are making money.

If the community wants XYZ application, then I will make sure the infrastructure is in place to allow this to be done as easily as possible. It could be a matter of a few days via tradebots, so maybe what we should do is have a "tradebots university" where we train people how to write tradebots (they can do a lot more than just trade, in fact they are Turing complete, so they can do anything) and then these tradebot writers will be able to make a living writing things that the community wants.

I am not sure if I answered your question.

James

P.S. After I complete the first batch of all this, I will take a long vacation to recharge. At some point, we should get a dozen more devs and I can train them. How I am so productive is not magic, just years of experience on how to be productive and this is trainable. The intuitive flashes I get does not seem to be something that can be learned, you have it or you dont
hero member
Activity: 966
Merit: 550
August 11, 2014, 10:49:10 AM
Please sign up!
We needs testers for teleport etc. so I made a sign up form for a testers group. When you sign up, jl777, PondSea or I will contact you when development goes into testing stage. When you sign up now you can always sign out any time, no obligation to participate in the testing.

BTCD & Teleport Testers Group Sign Up Group
https://docs.google.com/forms/d/16xIwHeQ0aPtybNJbB-F_G1v2M1MocBt0_yfjzk5nsKw/viewform

3 people already signed up, thank you!

Do you have to be a 1337 h4x0r type of guy or can any run of the mill internet user sign up? I am somewhere in between, I can't code, but I know how to use my computer for more than menial tasks.
hero member
Activity: 623
Merit: 500
August 11, 2014, 07:58:10 AM
In the spirit of Monty Python I would like to register a complaint Grin
well it's just about the Mac wallet problem I was reporting about earlier, that over 50% of the mined blocks were rejected. I tried using the windows wallet, also under mac but used parallels to run my windows on it, and I get significantly better results. so there is obviously something not right with the mac wallet. I wish this gets fixed.
if there is any additional info I can provide let me know!
full member
Activity: 237
Merit: 100
August 11, 2014, 07:53:40 AM

Those assets and coins are held by another asset called sharkfund0 (asset 3006420581923704757) and are not held by BTCD.

Jeezz.....I'm so stupid. IT does clearly state just that doesn't it....?

THANKS.

Can you tell us how does one get into this sharkfund-thingy? Links? Charts? etc....?Does one buy sharkfund with NXT (coin) ONLY?

~darylluke.

You can buy with NXT in the Nxt client. Alternatively, you can use this site: https://trade.secureae.com/#3006420581923704757

It will allow you to buy with NXT or BTC, I believe.
full member
Activity: 196
Merit: 100
August 11, 2014, 07:50:58 AM

****IMPORTANT!!
For people waking up in USA this morning to read. I, myself am not sure what this means other than these are assets held by BTCD making us an asset-based cryptocurrency.

Please correct this if I am wrong asap. ~darylluke.

Those assets and coins are held by another asset called sharkfund0 (asset 3006420581923704757) and are not held by BTCD.

Jeezz.....I'm so stupid. IT does clearly state just that doesn't it....?

THANKS.

Can you tell us how does one get into this sharkfund-thingy? Links? Charts? etc....?Does one buy sharkfund with NXT (coin) ONLY?

~darylluke.
full member
Activity: 196
Merit: 100
August 11, 2014, 07:47:06 AM

No XNF?

[/quote]
why on earth would I have XNF? fractional reserve with precious metals that might or might not be there? I didnt understand it when they launched it on ripple, I still dont understand it

Anyway, I wanted sharkfund0 to benefit as directly from Teleport's world domination, so of course lots of BTCD, InstantDEX and NXTprivacy, but also coinomat is going to do a lot of processing. XCP I couldnt figure out how to get it from the burn address to an exchange without doing their horrible all day install and I didnt have time to fiddle with that. BBR is best cryptonote at bargain 10:1 ratio against XMR, so it is nice thing to have. And JLH just to have a broadspectrum holding to smooth things out.

I think overall the mix is pretty good and should provide a reasonably balanced price action. It is up 40% since late May when I first issued it, but of course no promises of such crazy good gains moving forward. It is a quite big fund with ~1500 assets, so over 20 million NXT worth. It can be purchased in .0001 amounts so even 1.4 NXT can get some sharkfund0

James

P.S. nobody is surprised I have so much BTCD? Cost me 100+ BTC, actually closer to 200 BTC so this is a significant investment of my capital and not to mention my time. You can say I am FULLY motivated to make BTCD have as much value as possible. I wonder how many other coin devs have put so much into their coin? I was willing to put so much in because I trust the dev to deliver the tech he is talking about Smiley
[/quote]

****IMPORTANT
This is James other follow-up post with much detailed information about our coin.(REASONS TO INVEST)

~darylluke.
full member
Activity: 237
Merit: 100
August 11, 2014, 07:46:27 AM

****IMPORTANT!!
For people waking up in USA this morning to read. I, myself am not sure what this means other than these are assets held by BTCD making us an asset-based cryptocurrency.

Please correct this if I am wrong asap. ~darylluke.

Those assets and coins are held by another asset called sharkfund0 (asset 3006420581923704757) and are not held by BTCD.
full member
Activity: 237
Merit: 100
August 11, 2014, 07:45:01 AM
I have some questions for jl777/dev team;

[snipped]


Seems to me there's no point reinventing the wheel. BTCD is integrating with the NXT blockchain which should allow it to do stuff like peer finance and voting, so why does BTCD have to redevelop those same features. Also, if a coin can do one thing (that people want) well, then that may be all it needs. This is ultimately about gaining real world adoption, not about adding stuff that altcoin investors might consider cool. If bitcoin users start using bitcoindark to teleport their funds, then that'll gain it a lot more adoption and value than adding feature after feature.
full member
Activity: 196
Merit: 100
August 11, 2014, 07:36:55 AM
I have made some market rate exchanges to make sharkfund0 (asset 3006420581923704757) a one stop purchase that will benefit from Teleport

The following numbers are not 100%, I am rounding, but they are pretty close. I wont bother with <10 BTC holdings, such as FIM, NAS, NTX, etc.

sharkfund0 major holdings:

BTCD 10% ~$240K
NXT 0.4% ~$150K
InstantDEX 10% ~$100K
NXTprivacy 20% ~$70K
JLH 10% ~$70K
coinomat(1) 20% ~$50K
XCP 0.5% ~$25K
BBR 10% ~$16K

~$721K / 1415 sharkfund0 assets = ~510 USD -> 14166 NXT
I dont expect to be making many changes to the portfolio for a while and I will announce any such changes. With the above figures anybody should be able to get a pretty good NAV calculation done. I will put some assets for sale and if they sell out, I will make some more available, but maybe with the portfolio composition public info, a reasonably efficient market will form?

I will make available NAV bids for those that need some liquidity if the free market isnt being efficient enough

James

P.S. Yes, sharkfund0 has 120,000 BTCD and is most likely one of the largest BTCD hodlers. It is like an open ended mutual fund and I think it is the NXT asset with the largest trading volume and a pretty widely held asset.

****IMPORTANT!!
For people waking up in USA this morning to read. ~darylluke.
hero member
Activity: 1680
Merit: 506
Trphy.io
August 11, 2014, 07:34:00 AM
Panic buying ?
legendary
Activity: 3556
Merit: 1126
August 11, 2014, 07:13:03 AM
xpool works?

Yes btcd.xpool.ca does. I posted a msg a page or two back.

Cheers!
full member
Activity: 171
Merit: 100
August 11, 2014, 07:05:22 AM
xpool works?
member
Activity: 72
Merit: 10
August 11, 2014, 06:43:07 AM
I have some questions for jl777/dev team;

i'm currently involved (hodling) a lot of coins for special tech/upcoming features; as you imagine i bought many btcd and keep hodling.

what prevents me from buying more is the fact that only anon through teleport + "nxt-like" interface (instadex is that if i understand it right) is planned so far; when exiting/promising stuff is also (i think) peering finance and decentralized "everything" - so storage. (not saying that anon is not important huh; but as an investor and jl777 plan I assume the community don't need to discuss too much about this; except for specific problems to come like dev team did with the encryption poll)

the roadmap until teleport/instadex etc is great; but hodling means long term; ur coding fast and it seems that people/the market love that; i'd love to see the community discussions oriented on the stuff to work on after anon implementation.

so maybe could i throw those questions now  Grin

after teleports; will you keep achieving what the community wants or will you choose the projects you will be working on ?

do you think you are capable doing "any" projects which could come from the community; and is that your plan ?

what's your opinion (if you have one) on counterparty platform; swarm project and storj/cloudcoin ?

Can we make an evolutive roadmap for a longer timeframe; obv subject to changes; but to keep checking what the community wants to use their btcd; and for the fellow hodlers to decide earlier if they want to keep hodling or diversify because the roadmap wouldn't fit their needs (i have in mind that crypto investment are mainly short term because of that lack of informations considering real future in years rather than weeks/months; if I invest in google i can check what are their plans/research fields etc way ahead)

I'm a bit like jl777 when he says he's not a very good trader; my strategy is more to buy low only than sell high and ping pong shit.

Having that kind of roadmap with the active communication of devs; i'd consider going more into btcd; and maybe i'm not alone.

So my longterm roadmap would be :

instadex
teleport anon feats: estimated release : end of september ? who cares :d (yaaay)
peering finance: creating assets with dividends in instadex on btcd blockchain: estimated release : no estimate < 8months
decentralized hosting: rent your hdd space for btcd: estimated release : no estimate <1 year
DAO: discuss the shit out of the DAO principle and make DAO management possible and noobproof/real life-ready: release date : none

i throw that as an example; so at this point we would be debating/discussing about peering finanace/decentralized hosting or DAO implementation while dev team would be finishing instadex/teleport; before release we would answer a poll with projects on the big roadmap listed asking what people want to see first in that map. idk how it worked but i remember some coins with voting features; voting wasn't really easy.

I recently voted in a poll for swarm through counterparty and it was easy as fuck : receive vote (token); send to 1yes 2no 3idk; done. maybe could we have a easy way to officially vote through btcd; and not using a 1337 forum like we're doing now Cheesy (btcd itself could be a dao maybe?  Grin)

tl;dr: i would like to see a bigger picture of btcd when reading the roadmap; implying community discussion and dev opinion (if the communication remains of that quality; that could be easily done) !

keep up the great work; some people are already of hodling that coin  Cheesy don't read me wrong : I just want btcd to improve; so i'm not criticizing for fun  Kiss

You forgot the huge value-adding feature: debit card program.

You can find more information from http://nxtprivacy.org/ and coinomat.com

If I understood correctly James has plans for a long time
full member
Activity: 196
Merit: 100
August 11, 2014, 06:31:30 AM
 Shocked  90.9% Favor the TELEPORT DISRUPTOR!!  Shocked
full member
Activity: 196
Merit: 100
August 11, 2014, 06:26:03 AM
Just an idea here, but I DO believe it holds merit for consideration.
***(Independent verified audit: BTCD assets)

A few weeks ago Sync Foundations announced and Independent Lawfirm review. I am no legal eagle, but it sounded like a true independent audit. On PAGE 160 here James listed assets, then added more info on how complex this coin is getting to achieve the stated result(s). I propose we do the same thing with our coin. From what I read here,it seems to me just on asset-basis, our coin is undervalued by at least 1/10 right now! So, there is James reason to believe we will be in TOP-10. But, when other coins implement our technology, the streams of revenues from what,over 5 sources, will be unimaginable to me after 12 months!! I actually see a 1:1 ratio with BITCOIN at some point. Probably 12-24 month window is very realistic, imho & from my simple perspective.

I just wish I could do more. I was asked to help here, but I failed. The man I was asked to contact simply replied,
"I may answer the email after 3-4 months". So, I tried, but failed because we needed a much more timely response from him regarding our coin devel0pment's Black Paper.The reply was received from a friend who knew how to contact the man, so I know he never gave the reason for my wanting to contact him in the first place.

I am 53 with a family.Times are horrific for us here.Fired almost 3 yrs ago w/ no job prospects nor any benefits, so you may be able to imagine. I am blessed and grateful to my landlord to be so patient with us.YES, there are good people out there in the world. I only mention these things to highlight what motivation I do have here. I want to help, but don't know what I can do of any merit worth anything. My online time is nearly like James'. I have been ripped off so many times trying to make some sort of income online it makes me sick just thinking about it!! I can easily dedicate 10 hours a day to this coin. But, I have no tech skills. Just honesty, integrity, perseverance and a fighting spirit.This IS an uphill battle after all, isn't it?

Sincerely,
~darylluke.
full member
Activity: 237
Merit: 100
August 11, 2014, 06:19:45 AM

I can help with transcription of the darkpaper into LaTeX format if wanted. That would make the paper look somehow scientific...
Also I can do some of the designs in a vector graphics format if wanted.

Just PM me some of the devs if that help is appreciated.
full member
Activity: 168
Merit: 100
August 11, 2014, 06:08:35 AM
It seems that AES totally winning the poll, so I think it is safe to default to that method.
You can always change it to any of the others and even do one after another after another.

So, now I want to do a new poll. Not sure if you know about BCNext and how he injected some flaws into the NXT code. People that just forked it would end up with a dead coin within a day. Since I am being very open to share Teleport tech with other coins for a small fee, I dont think it is so bad to do what BCNext did.

I came up with a way make it so that if anybody just blindly forks it, well, I wont be held responsible where their telepods end up. Now if they took the time to understand the 40,000 lines of code I wrote, then they could probably work around it, but I could get pretty clever in making the flaw virtually impossible to detect. They would have to be as good a coder as me to detect it. I call this the "teleport disruptor"

I would like a poll on whether to inject the teleport disruptor or not. Of course the BTCD Teleport will work fine, it would just be any other coin that attempts to take the BTCD's rightful spot as supreme teleporter of other coins, well you've seen the results of transporter accidents? Not a pretty thing. The scary thing for any that would attempt to do this is that it would appear to work fine for a while, so it probably wont happen during testing, but after they go live. Maybe it is even remotely triggered

They could just write something from scratch using the DarkPaper as reference.
Or they could just let BTCD teleport their coin for 1/1024'th fee

What do you think?

James

P.S. I wouldnt feel right in actually pushing the destruct button, so if we do this, I need some ruthless guy who wouldnt have a problem triggering the teleport disruptor on another coin.

With the mass copy and paste "devs" out there, I say implement it.  I am more than willing to pull the trigger on any "dev" that tries to claim this technology.
I think you need some sort of scary nickname!

Let's wait for the poll to confirm we are not in a pacifist community. I dont mind devs that add value, but cut and pasters, well they kind of make me upset.

James

New nickname?  Hmmm something scary, Tony Stewart?


Aww- that's fucked up, but I'm with ya. BTW, Rest In Peace Kevin Ward Jr. Sorry to get off-topic.
hero member
Activity: 966
Merit: 550
August 11, 2014, 05:28:34 AM
Voted.
I'm getting a couple of cryptographer friends to look over the darkpaper. Hopefully we'll get some good feedback. Like 'ok, my job just got a lot harder.'

That would be very cool  Smiley
legendary
Activity: 1764
Merit: 1031
August 11, 2014, 05:11:53 AM
Voted.
I'm getting a couple of cryptographer friends to look over the darkpaper. Hopefully we'll get some good feedback. Like 'ok, my job just got a lot harder.'
sr. member
Activity: 441
Merit: 500
August 11, 2014, 05:06:23 AM
Updated OP!


We're now asking the community to help raise funds for development purposes.  We currently have a lot in the pipeline, and we have need to fund Core Development, Website Development, Promotion and Marketing, etc.

All donations will be pooled into one large fund with which the dev team will then use on a need to need basis.  The process will be transparent and all funds being paid out will be listed on the new website.  

Our short term goal is to raise 5000 BTCD.  We hope the BitcoinDark community can provide the support we need to make BTCD one of the top coins around!

Please support BitcoinDark development by providing a donation to the following address:

RDtnnLj5LQ8YMxBJbHX1N4jNKeaC67FLGW

25 BTCD underway, I'll donate some more when my salary arrives!

Awesome, thanks.

Donations will be integrated into the website with an updated total count.  In the meantime, I'll give manual updates.

Thanks guys, donations are critical at this juncture!
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