Topic: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx - page 8. (Read 14267 times)

Just want to note - built-in native miner is not enabled by default, so if you see something much slower than 1btm for 1min, probably it's not turned on. It can be enabled (as and proper thread count) in 'Main' -> 'Local mining' -> 'Settings'. I anticipated different quotes on exchange, probably that's the cause.

No, they can't, same as from balance of message account.

can coins be sent from the "destination balance" back to other wallets?

As TripleA said, it's too early. I'll try to contact with exchanges administration though i suppose they will not be glad to add such specific currency without some history behind even for 3k btm... http://exchanged.i2p/ owner has plans to receive BitMoney as i know. Main goal is to create economy, volume will rise then.

New currencies have low volume and  liquidity on any exchange as I heard. It's more the matter of currency popularity. If we separate low BTM free-float, then liquidity may become even less.
That's why we are first concentrating on more important things: to get new testers and to demonstrate the utility of system implementation for different services.
I am sure that the spread will be lower as we have more people here.

Even so we'll be glad to make BitMoney listing on any exchange, and we'll do it eventually. I'm ready to pay 750 BTM for any exchange, if you can add BitMoney there by yourself (I have max 3k BTM for this task now). PM me anyone, if you can help to do it fast.

What about trading on the big exchange ( bittrex, poloniex etc... )

Buit-in exchange has very low volume and  liquidity

(as a confirmation) It's my topic https://litecointalk.org/index.php?topic=28222.0

By the way, our forum balance is not only a matter of registration.
User needs BTM on his balance for any forum activity: to make topics and post, to make poles and votes, to rate other users.

Here is my balance changelog:
-0.10      New reply creation
-0.50      New topic creation
-0.50      New topic creation
-0.10      New reply creation
-0.10      New reply creation
-0.50      New topic creation
-16.10      Rate send
-0.26      Poll vote
-0.10      New reply creation
-5.10      Poll vote
-2.30      Poll vote
-2.90      Poll vote
-0.10      Poll creation
-4.10      Poll vote
-2.92      Poll vote
-6.51      Poll vote
-0.10      Poll creation
-0.10      New reply creation
-0.10      New reply creation
-0.50      New topic creation
100.00           (account balance replenishment)

Current fee rates:

Registration - 1 BTM
New topic - 0.5 BTM
New post - 0.1 BTM
Rate post - 0.1 BTM
Limitations (operation forbidden if balance less than X)
New topic - 0.1 BTM
New post - 0.1 BTM

Although it's only a demonstration system, you may change rates on your own site or forum like you want. Your own system of paid activities may also be different in general. Anyway, site owner may design it to reach 100% spam protection. If a spamer breaks through the first steps of registration, he may be defeated and autobanned by negative rates from other users.
With this approach users will not need to enter captchas or to have posting limitations, and site host may earn some income.
 

GUI definitely requires improvement i agree. Please create someday the topic with suggestions on our forum in 'feature requests' not to lose.

Hi all. It's always interesting to discuss something with clever guys.

First thing. There will be (as always in the future) weekly\daily backups of DB with tuples of (wallet guid, public keys, balance at 12:00 pm) for those who wants to share this information (additional field in wallet settings on server). So if fbi knocks to my door or some heavy attack happens there will be the way to fork the system or convert these records to another such payment systems currencies (i guess competitors will appear and will be ready to do it with some discount instead of own mining to get additional clients).

So with some confidence the data about audience and current supply will be available.

But in general i don't think market cap means anything. Your service payments, common infrastructure development, exchange liquidity and rate volatility are more important for everyday business and they can be calculated. We can publish everything but these numbers could be just made up so it should not be the parameter to estimate your profit\risks imho.

Mining alg is very simple - server generate 32 byte salt for scrypt function and mask\maskEqual, so client should find the 32 byte pass when scrypt (pass, salt, params) & mask == maskEqual to get btm. MaskEqual randomly generated, bit count in mask calculates from wishfulIncome. Emission rate is 1/2048 btm for 1 hash calculation. Scrypt function parameters were given in Tech details. The code will be presented later, i'm optimising some server settings right now, a little patience, there is nothing special anyway. Btw i haven't dive into current scrypt asic\gpu situation, 32Mb looked better than 128kb for LiteCoin when it was all started but i'm not an expert so little digest could be helpful.

Thank you for review. I have sent you 200 BTM.

I have rewards for 2 other comments about forum registration.

There's still no decision about other "quests", but my CPU is in work for this, anyway.

I also sold 0.009 BTC during the first days of release, but this BTM will be used for more serious actions, like services integration tasks.

I have the same concerns but apparently they see no reason to provide that information.



I don't understand how it would be deemed appropriate not to provide a method for people to know the coin supply and emission rate.  Access to that data is essential.  It's basic information that should be provided. 

just registred on your forum, basicly you need to pay the fee of 3 BTM to get registration Token (it took few seconds to get it) i guess Fee its kind of spam protection. everything worked well and i will be collecting Free BTM thanks.
I must say you guys put a lot of work behind this project, POC confirmed, exchange works fine, mining works fine.. what worries me is ppl like me likes to know information like current supply, daily amount of mined coins to know if its worth of mining/investing/holding. What is misses is kind of block explorer, maybe next update? Whitepaper how mining algo works? And maybe on exchange (DOM) add some more Columns like total amount of coins/btc Traded. kind of makes it more user friendly, like when placing new order to directly input wished amount instead of calculating how much do you want to sell/buy. thanks & GL

Free BTM for our forum registration from TripleA http://bitmoney.i2p/forum/viewtopic.php?f=5&p=80#p80. New quests will be presented soon i think.

It's not our asks=) So please welcome our first market maker with such generous offers on the exchange!

for 0.001 BTC lot.

Every call to our servers cost you a little (around 0.0025 except any profile registration which costs 1.0) amount of btm, its subtracted from that balance. With 0 balance you'll get rejected constantly except some general rpc calls like solve mining task to refill this balance. Kinda ddos protection.
I think i found the bug, will fix soon.

EDIT: done, must be faster now. Report if it is not.

yea noticed the same thing, one question what effect does adding balance to "I2p destination balance" have? faster mining? faster connection? more stability? thanks

Servers restart in 15 mins. Clients should reconnect automatically and without any problems. If I2p destination balance for a long time, try to reconnect 'proxy'. Report if something goes wrong.

I confirm some lags with wallet server (like login or payment processing) in comparison to other 3 profiles. Everything works but slow. Looks not related to i2p.

"Exchange" >  "Security list" > Right click on the information string > "Depth of market". Then right click on the DOM > "New order".
Input order data and click Add.