Author

Topic: BTCD is no more - page 428. (Read 1328490 times)

legendary
Activity: 1176
Merit: 1134
July 27, 2014, 02:08:53 PM
jl777 can you tell us a bit more about the privacyServers? will that be like a software that anybody can download and let it run, or what kind of knowledge will it need to be operated?
It will be for Ubuntu, so anybody with VPS should be able to build and run it. You would need to be able to survive without a GUI and do some command line.

I just looked at the bid/ask ratio on bittrex and it is some crazy 8:1 ratio. Clearly, we have mostly hodl'ers
usually ratios like that are seen only during massive pump, and this is when the price is going sideways during sleepy time.

OK, I am feeling good positive energy and I see a way to get a very very simple tradebot done. Not sure how long, but I think a simple demonstration for trading would be pretty cool

James
hero member
Activity: 623
Merit: 500
July 27, 2014, 02:02:21 PM
jl777 can you tell us a bit more about the privacyServers? will that be like a software that anybody can download and let it run, or what kind of knowledge will it need to be operated?
full member
Activity: 182
Merit: 100
July 27, 2014, 01:55:32 PM
Great to be a part of a coin with such a dedicated dev.  I'm a LONG-TERM holder.  Need some marketing guys
legendary
Activity: 1176
Merit: 1134
July 27, 2014, 01:52:30 PM
Might be helpful to provide a brief, jargon-free TDLR summary of what this would mean for an average user (for the non-techies among us).
I want to make it so people can say: "buy 1 BTC worth of BTCD at an average price of .00125, but no higher than .0015"
This sounds not so impressive, but I also want to be able to qualify such orders with: "only buy when the slope is positive", or basically any state represented by the colored lines.

This way, when InstantDEX is connecting two people, the tradebot can determine if it is able to trade at that moment.

Now knowing exactly when to trade or not is very difficult thing, but there are people that specialize in making these things. I am creating a framework for people to create very advanced tradebots using SVM tech. Other people can then subscribe to these custom created tradebots. So in a few months it will be possible for people to use highly sophisticated signals. I will make it so that a fee is paid only if it a profitable trade, this way people dont waste money on bots that dont work and the people that do make bots that work will get good income

James

It's amazing to hear about and I hope the price reflects your hard work when this begins to launch.
I am not worried about price. We were holding steady at .00015 for almost a week after I announced my involvement. you can see it right on the charts july 16th. then the press hit along with some pump and dumpers, massive liquidity, but off to the next "hot" coin they went, so now we are about 3 days into the horizontal price. In fact the price action looks very similar to the previous. Of course, highly unlike to exactly repeat.

Anyway, this is marathon. Even if you fall down, as long as you get up and keep going, you will finish the race. I dont intend to even fall down Smiley

It is the value that I work to build. The price will oscillate around the value. BTCD will be one of very few coins with actual value, and I mean financial value. When InstantDEX starts revenue sharing, all privacyServer operators get income, but so will all BTCD stakers. The revenue will probably be in BTC for the BTCD stakers to simplify things. As InstantDEX grows in volume, the value of BTCD grows. There will be times the crazy market pays a lot more than the value and sometimes sells for a lot less.

Price is manic/depressive roller coaster. Value is something that grows steadily. Unfortunately not a way to put a nice number to value, but I do see that a lot of people have become BTCD HODL'ers, so maybe they understand a bit of what is to come.

Some guys are coin pumpers. I am a coin builder.

James
full member
Activity: 234
Merit: 100
July 27, 2014, 01:31:59 PM
Might be helpful to provide a brief, jargon-free TDLR summary of what this would mean for an average user (for the non-techies among us).
I want to make it so people can say: "buy 1 BTC worth of BTCD at an average price of .00125, but no higher than .0015"
This sounds not so impressive, but I also want to be able to qualify such orders with: "only buy when the slope is positive", or basically any state represented by the colored lines.

This way, when InstantDEX is connecting two people, the tradebot can determine if it is able to trade at that moment.

Now knowing exactly when to trade or not is very difficult thing, but there are people that specialize in making these things. I am creating a framework for people to create very advanced tradebots using SVM tech. Other people can then subscribe to these custom created tradebots. So in a few months it will be possible for people to use highly sophisticated signals. I will make it so that a fee is paid only if it a profitable trade, this way people dont waste money on bots that dont work and the people that do make bots that work will get good income

James

It's amazing to hear about and I hope the price reflects your hard work when this begins to launch.
legendary
Activity: 1176
Merit: 1134
July 27, 2014, 01:07:21 PM
Might be helpful to provide a brief, jargon-free TDLR summary of what this would mean for an average user (for the non-techies among us).
I want to make it so people can say: "buy 1 BTC worth of BTCD at an average price of .00125, but no higher than .0015"
This sounds not so impressive, but I also want to be able to qualify such orders with: "only buy when the slope is positive", or basically any state represented by the colored lines.

This way, when InstantDEX is connecting two people, the tradebot can determine if it is able to trade at that moment.

Now knowing exactly when to trade or not is very difficult thing, but there are people that specialize in making these things. I am creating a framework for people to create very advanced tradebots using SVM tech. Other people can then subscribe to these custom created tradebots. So in a few months it will be possible for people to use highly sophisticated signals. I will make it so that a fee is paid only if it a profitable trade, this way people dont waste money on bots that dont work and the people that do make bots that work will get good income

James
member
Activity: 112
Merit: 10
July 27, 2014, 12:46:12 PM
Any recommendations of which pool to use, have a few S1 like to run?

I been using http://btcd.xpool.ca/ without any problems but the problem I see is that I generaly do not think its worth mining on a multipool unless can add considerably more coins to the kitty to mine on. I generally mine about 4 to 6BTCD daily with 700GH or so but to be honest looking at conversions better to mine other coins and then buy up BTCD

Was on http://sha256d.ispace.co.uk/ said "This pool is marked for closure, please withdraw your coins as soon as possible"  What happened there?

The POW stage finished. You can't mine BTCD anymore. Mining will not generate any coins. You need to trade / buy from exchanges.
legendary
Activity: 1206
Merit: 1000
July 27, 2014, 12:26:15 PM
Wish BTCD was on BitcoinWisdom; sure would like to have better charts to view  Undecided
newbie
Activity: 63
Merit: 0
July 27, 2014, 12:02:28 PM
Any recommendations of which pool to use, have a few S1 like to run?

I been using http://btcd.xpool.ca/ without any problems but the problem I see is that I generaly do not think its worth mining on a multipool unless can add considerably more coins to the kitty to mine on. I generally mine about 4 to 6BTCD daily with 700GH or so but to be honest looking at conversions better to mine other coins and then buy up BTCD

Was on http://sha256d.ispace.co.uk/ said "This pool is marked for closure, please withdraw your coins as soon as possible"  What happened there?
legendary
Activity: 1820
Merit: 1001
July 27, 2014, 11:48:16 AM
Any recommendations of which pool to use, have a few S1 like to run?

I been using http://btcd.xpool.ca/ without any problems but the problem I see is that I generaly do not think its worth mining on a multipool unless can add considerably more coins to the kitty to mine on. I generally mine about 4 to 6BTCD daily with 700GH or so but to be honest looking at conversions better to mine other coins and then buy up BTCD
newbie
Activity: 63
Merit: 0
July 27, 2014, 11:35:18 AM
 Any recommendations of which pool to use, have a few S1 like to run?
legendary
Activity: 1206
Merit: 1000
July 27, 2014, 10:11:57 AM
I'm so thankful for the lack of patience in the market, hence the cheap coins  Grin.  Gotta love it!!
full member
Activity: 224
Merit: 100
July 27, 2014, 07:57:18 AM
Well, I had to disable some parts, but the basic display is working!



This is just from half a day's data and just the basic, price, slope and slope of slope displayed in green, purple, blue

I dont like having to keep switching timescales, so I have a variable timescale implemented. It starts out at one minute per pixel (rightmost) and gets longer and longer as you go to the left. This way you can see the entire dataset, but still see the most recent price movements.

I also dont like the big delays that standard SMA and even EMA have, you cant see it on this chart as I removed the raw data, but it is essentially random noise away from the green line. Once there is enough data gathered, then it will be possible to do much better. I have dozens of different types of signals that I can generate. The most important are my SVM predictors that achieved ~85% accurate predictions for 2 hours ahead forex, just as I discovered crypto. So I never got a chance to use them to full advantage.

I am now able to automatically gather data from NXT AE, bter, poloniex, mintpal, cryptsy and bittrex for any pair they support. All this is integrated into InstantDEX and I will have API calls so you can retrieve data for specific timeframes. It even automatically updates in realtime as the data comes in, all via the localhost :7777 page

Now that the data is coming in and looking decent, I can finally implement the simple tradebot logic. Once that works, then the first use case I want to implement is an autoconvert BTCD -> BTC bridge. So it is looking like by next weekend it should be possible to trade via InstantDEX on testnet and autoconvert BTCD -> BTC. Somewhere in there I need to decentralize the storage of the price data so as long as one person is gathering the data, the network can have access to it.

James



Might be helpful to provide a brief, jargon-free TDLR summary of what this would mean for an average user (for the non-techies among us).
sr. member
Activity: 378
Merit: 250
July 27, 2014, 07:29:57 AM
Impressive!
legendary
Activity: 1176
Merit: 1134
July 27, 2014, 05:44:07 AM
Well, I had to disable some parts, but the basic display is working!



This is just from half a day's data and just the basic, price, slope and slope of slope displayed in green, purple, blue

I dont like having to keep switching timescales, so I have a variable timescale implemented. It starts out at one minute per pixel (rightmost) and gets longer and longer as you go to the left. This way you can see the entire dataset, but still see the most recent price movements.

I also dont like the big delays that standard SMA and even EMA have, you cant see it on this chart as I removed the raw data, but it is essentially random noise away from the green line. Once there is enough data gathered, then it will be possible to do much better. I have dozens of different types of signals that I can generate. The most important are my SVM predictors that achieved ~85% accurate predictions for 2 hours ahead forex, just as I discovered crypto. So I never got a chance to use them to full advantage.

I am now able to automatically gather data from NXT AE, bter, poloniex, mintpal, cryptsy and bittrex for any pair they support. All this is integrated into InstantDEX and I will have API calls so you can retrieve data for specific timeframes. It even automatically updates in realtime as the data comes in, all via the localhost :7777 page

Now that the data is coming in and looking decent, I can finally implement the simple tradebot logic. Once that works, then the first use case I want to implement is an autoconvert BTCD -> BTC bridge. So it is looking like by next weekend it should be possible to trade via InstantDEX on testnet and autoconvert BTCD -> BTC. Somewhere in there I need to decentralize the storage of the price data so as long as one person is gathering the data, the network can have access to it.

James
hero member
Activity: 512
Merit: 500
★YoBit.Net★ 1400+ Coins Exchange
July 27, 2014, 05:22:52 AM
I heard that staking 5000 btcd will make you 1btc per day. Is this correct?


5000 BTCD will get you 1 BTCD if you stake them properly.

Clarify on the "stake them properly part" please

Big James's post:

How to maximize your staking income

The staking is a bit tricky. After you wait for the coins to start staking, you will notice that when you do get a "mining" tx coming in, then your power is reduced temporarily. I havent dug into all the details, but the following is a practical way to minimize the downtime.

You need to make N addresses, make sure to backup the wallet after you do this as this generates new private keys, so an old backup wont have them all.

Make sure you enable the "display coin control" option in preferences

Now comes the tricky part. Most of you probably have all your precious in a single address. This means that whenever you get a new block, you have to wait. So, we need to spread the balance evenly to the N addresses. To do this, you need to control the inputs, so do a send to your first new address and to do this you need to click the inputs button on the send dialog.

Select your big account as the input. Now when you send you will have to wait a block or two until your big address gets the change.

Keep doing this until all your addresses have approx the same number of coins.

You will have to wait a while before they kick into gear, but when they do, what happens is that only a fraction of your power goes offline when you get a block!

So if you split into 10 addresses, you lose 10% power for a bit. Not sure the full recovery time, but it seems to take a few hours, so the optimum number of addresses is based on how long on average you will get a block. Of course, if you have the time and patience to do this, you could just split it up into 100 accts and then only 1% goes into recovery phase at a time, but that is only worth it if you are a BTCD whale

James
legendary
Activity: 1237
Merit: 1010
July 27, 2014, 05:14:15 AM
I heard that staking 5000 btcd will make you 1btc per day. Is this correct?


5000 BTCD will get you 1 BTCD if you stake them properly.

Clarify on the "stake them properly part" please
hero member
Activity: 714
Merit: 500
July 27, 2014, 05:12:50 AM
I heard that staking 5000 btcd will make you 1btc per day. Is this correct?


5000 BTCD will get you 1 BTCD if you stake them properly.
Thats the confusion there 1BTCD not BTC haha
hero member
Activity: 512
Merit: 500
★YoBit.Net★ 1400+ Coins Exchange
July 27, 2014, 05:07:56 AM
I heard that staking 5000 btcd will make you 1btc per day. Is this correct?


5000 BTCD will get you 1 BTCD if you stake them properly.
hero member
Activity: 714
Merit: 500
July 27, 2014, 04:52:36 AM
That pigs fly lmao
Jump to: