Topic: BTCD is no more - page 418. (Read 1328490 times)

nice, I'll try to get more funds soon and will donate to anon card too 

awesome!! 

Over 184 BTCD sent out on Fridays shift.

FYI it looks like the other pool is non-operational anymore. I would suggest you mine with xpool, the official BTCD Multipool.

We have been paying out daily however mining support is slowing down. I would like to continue paying out daily, so please, if you want to earn BTCD daily with your mining hardware, send some hash over.

Cheers!

Kinda off topic, but I'm excited because Trezor is now selling their hardware wallets online and I just bought one for $119.  The price is pegged to the US dollar but you must pay in btc.  Also, free shipping worldwide.  This is something I've been waiting for  

I will do my best to make sure you will be very happy with BTCD ROI
I am very invested in both BTCD and NXT too

James well i am all in on BTCD.

Sold most of my alt coins, leaving me with QORA/NXT/BTCD.

Bought most at 165k after not listening to you at like 30k. I think with you around the only way this coin will go is up.

Ran into a bit of an unexpected complication.
Since each teleport will actually be many separate telepods, the whole issue of partial completion needs to be handled properly. Since I am using encrypted UDP in some paths with no guaranteed delivery, I need to implement some sort of retry with congestion control, eg. similar to TCP/IP protocol. And then to deal with partial completion, I decided to just abort and sweep all the telepods whether they were transmitted or not, to local telepods. This sacrifices the aging, but better safe than sorry.

So after this sort of thing happens, the blockchain needs to be monitored to determine exactly what got through and what didnt. Actually that has to happen in any case, so no extra work there. Creating and maintaining some sort of encrypted accounting record is on the list of stuff to get done after the initial version is working.

The whole implementing TCP/IP like protocol sounds like a lot of work (and it was!), but good news is I did exactly that a couple months ago for NXTsync and the code is eerily similar. So, I already have it all coded.

All that is left is the coding proper cloning of a telepod as described in the darkpaper. I have to make sure there is no contamination in the cloning, so this is not for late night coding.

I think I am up to ~1500 lines of new code for teleport, with a bit more to go to finish the cloning. After that a day or two to debug, then a few brave testers can verify it works for them too. Then another day or two to enhance the onion routing and scrub the broadcast packets, and propagating public keys. At that point it will be ready for some people to test. Maybe I will skip the enhanced onion routing for the first release.

So, my coding writing block disappeared and it feels like the hardest stuff is behind me. A significant part of the Teleport code is using MGW code, so that explains how it is coming together so quickly, especially with the NXTsync stuff also coming into play.

James

No, Teleport means to send BTCD (or BTC or NXT, etc) to somebody else, but without leaving any traces on the blockchain that can identify you. However, the transaction does use the blockchain to verify that it happened (or if only partway, the exact status is determined using the blockchain)

darkpaper that explains this is being revised by professional copy writer based on my draft. While he is doing that I am completing the coding. Currently on the receiving side of the teleport, actually there needs to be some back and forth to make sure the other side is able to receive. We dont want any transporter malfunctions. Something as basic as the other side is not able to accept a specific coin, etc.

James

P.S. InstantDEX will let you convert from any coin to any other as long as there are orders in the orderbook

Let me be clear and catch up what is going on.

By "teleport," do you mean convert one coin to the other?

And if so, is there any way I can stake that cool idea?

Thanks

BTCD stakers will get 10% of InstantDEX operating budget (which is 5% of its revenues)

BTCD wont have any fees (other than normal txfee) for teleporting itself, but when BTCD Teleports BTC, then 0.1% fee goes to NXTprivacy.  BTCD stakers will get 10% of the teleport fees from other coins, with the possible exception of NXT. I am thinking maybe it gets a nice discounted teleporting fee.

It is actually 1/1024 = 0.09765625%, so a bit less than 0.1%

I dont do "info slides"

James

am i right that btcd holders also get a % of that?
if yes would it be possible if you make a info slide with information like this?

great work!

It is actually not a donation, but it will get you prorata share of the anon card assets. The anon card assets will be getting 1% of transaction volumes.

Just finished recoding the send side of Teleport. Even have a little genetic algo to optimize privacy. Not debugged, but I think it matches darkpaper requirements.

Now for some lunch and recoding the rematerialization side of the transporter, and destruction of the original. Can't have two Captain Kirks!

James

Are these straight donations to the anon card project, or does a donation entitle one to some future benefit, like anon card assets? Donation is fine, just checking for any fine print.

Is there a way where the coins generated through staking could go directly into the anon card fund?  That would be a great way for people to donate.  I would opt in to something like that if it were available in the wallet.

Just updated the page, so far there are 1362.32590027 BTCD donated

http://bitcoindark.net/anon-cards

I have found Friday/Saturday the pumpers are offline probably at parties celebrating their weeks gains

It will take about 2 to 4 weeks AFTER the funds are raised for the anon card, to get things in place.

For the standard BTCD -> visa/mastercard support, it will be close race between that and command line Teleport

On the Teleport front, gotten some feedbacks with a few small possible weaknesses, so these of course will be patched up. The biggest danger is user carelessness and inadvertently linking telepod funds with publicly known addresses. With anon card as exit, this chance of user error goes away. I will also create safe paths into the normal crypto space.

The recommended way to fund the initial telepod (as this can also be traced) is to simply withdraw from an exchange directly to the "transporter" address or any standard mixing method is fine too. Now you could just fund it, this is actually not so bad. Its just that people will know that you put some funds into a telepod, so if you are OK with that, then no need for obscuring the funding of transporter. Also NEVER use funds in transporter address for anything other than funding creation of initial telepods. All this will be automated, but since it will be in your wallet, until we make a new wallet that just doesnt let you do that, you have to take some care. If you really need these funds, you can use the transporter to fund a telepod and use an approved withdraw method.

So, I will probably go dark (no posts!) over the weekend in a massive coding frenzy (more like debugging as almost all the code is already written) and I hope to have a working very early not user friendly at all version for testing by mid-week. Once it tests out for people other than me, wont be long to add all the error checks, etc. Thats just normal code.

So with me silent for a couple days, hopefully we will see some good bargain prices for getting more BTCD before all the press hits. After that, we could well be looking at one less "0" in the price. With all these other "promise" coins that get big valuations without any actual tech and who even knows if it actually solves the privacy requirements, well I have no idea what happens with price.

I will just keep coding. After Teleport, its back to tradebots and InstantDEX and Privatebet, so I still have lots more to do. Its a good thing MGW has had so few bugs and is taking very little of my time.

James

Me too, just sent 25btcd to RJCzAjZMYVvqbyQHKcD7X8s61MKmaSF76p

Lol, you know you can't come with some news like that and not create a small pump. Telling cryptoholics not to pump..... yeah right.  I'm kinda surprised there still hasn't been much upward movement...... and it's been an hour since you posted.  It only took like 5 minutes for a bump last time you had good news.  

How long we talking on the coinomat card btw?

Edit: Hold off on anymore news, btcd has already become too expensive compared to the deals over the last week.

I have been working with coinomat.com for a couple of months now.
They offer this wonderful service for directly sending crypto -> visa/mastercard
Since it is a visa/mastercard, of course there is no privacy, but still you can go directly from your wallet to your credit card

Now, they only support BTC, LTC, PPC and NXT

Well, soon they will add a fifth crypto to their supported list. Care to guess which one?


Also, I can confirm that coinomat.com will be the company that will do the card processing for the anon card, but we really need to raise more funds!

I cannot over stress the importance of the anon card.

Let me put it this way. The anon card will be one of the recommended ways to retrieve funds out of telepods into the normal space. So, all that BTCD (and BTC and NXT) being teleported, when it finally comes out of telepods a lot of it will go through the anon card and investors in the asset will get 1% of this traffic. Now, dont raise too much, I still want to have 50% of this 1%. Since bitcoin does around $50 million per day, if just 1% of this became telepod transfers, that will be $15 million per month of overall activity, some of which will go through the anon card. I dont expect it to take more than a year for $5 million to be processed by anon card and that is the rough breakeven point.

There will be alternate paths out of hyperspace but that will only be into normal crypto space, not fiat-land. I will convert the amounts raised when BTCD price is not at depressed levels, but we really need this anon card to have a complete Teleport solution. I hope that we can reach the 25,000 BTCD level soon. It will take some time after funds are raised to have the card.

James

P.S. Plz dont pump the price, the 5% per day gains are plenty and more sustainable. I mention this right before weekend as that is usually slow time as normal pumpers seem to take the weekends off.