Topic: Slimcoin | First Proof of Burn currency | Decentralized Web - page 30. (Read 137085 times)

what are the requirements for slimcoin node ? i have static IP, is this enough ?

Unfortunately ... "This code is now unmaintained. The replacement code for electrum server is ElectrumX: https://github.com/kyuupichan/electrumx"

Could I ask you to spell out the advantages of introducing non-contributory SPV wallets when the network is so precariously positioned at the moment?

There are now just three (3) Slimcoin nodes that are broadcasting transactions (i.e. configured with listen=1) and they are currently saving the network from grinding to a complete halt. Two of these nodes are hosted in Germany on Hetzner boxes (one of those is mine) and there's one hosted by OVH in either France or (more likely) Spain. That's it.

If the three people currently funding these hosted nodes (with their own fiat) decide to terminate their support then (AIUI) the chain will  seize up and stop - because no listening nodes means that no further txs can be confirmed.

Given that the community can muster only three listening nodes out of 25-30, I doubt whether you'll see much enthusiasm for anything that requires hosting.

Cheers

Graham

I have gathered some more resource citing Proof of Burn and Slimcoin particularly:

https://tokens-economy.gitbook.io/consensus/chain-based-proof-of-burn/proof-of-burn-pob

https://golden.com/wiki/Proof_of_burn_(cryptocurrency)

https://coinclarity.com/know-your-crypto-proofs-pob/

https://www.btcwires.com/round-the-block/differences-between-proof-of-work-stake-and-burn/

https://www.tokens24.com/cryptopedia/basics/proof-of-burn

https://captainaltcoin.com/proof-of-burn/

https://ripplenews.tech/2018/03/11/what-is-poof-of-burn/

https://www.masonforest.com/blockchain/ethereum/ellipticoin/2018/05/29/the-ellipticoin-proof-of-burn-algorithm.html

https://decentralpost.com/alternative-consensus-algorithms-how-does-proof-of-burn-work/

https://www.investopedia.com/terms/p/proof-burn-cryptocurrency.asp

On doc.ic.ac.uk (Iain Stewart's website - inventor of Proof of Burn concept - https://bitcointalksearch.org/topic/proof-of-burn-a-potential-alternative-to-proof-of-work-and-proof-of-stake-131139) Slimcoin whitepaper: http://www.doc.ic.ac.uk/~ids/realdotdot/crypto_papers_etc_worth_reading/proof_of_burn/

That's mainly for personal use, but I wanted to share some articles, and mentions that I found looking around.

Https on first post is preventing to get on slimco.in website.

And anybody tried this?

https://github.com/slimcoin-project/electrum-server-slm/tree/slimcoin

I saw @gjhiggins made some adjustment to Slimcoin in late 2017, but dunno is it working. If it was we would have a shot to be included in Coinomi-like wallet, that is developed by a other coins developer (Hilux wallet).

And if it's not possible to be added, can't we just fork the code of Coinomi open source: https://github.com/cosmojg/open-coinomi-android and run the electrum server to host it? I mean I don't know, how operable is electrum server for now.

It's possible to have BIP39/44 mneumonic code: https://iancoleman.io/bip39/

I believe I did, but I think it was mainly to see if there was any interest. It makes sense to me that users may want to run a wallet burning on their phone because it is a low power device that is usually on. If there is interest now, I will consider doing it, but it will probably be slow, intermittent work as I am fairly busy at the moment. It may also depend on how QT is set up in the codebase at the moment.

Regards

Yep, I have ZeroNet on the radar. It's potentially most interesting feature is the "content.json" file, that is shared via a torrent but actually points to another torrent file which contains the real content. The content.json file can be modified by the file owner. This is more scalable than our current "Slimweb/Web2Web" approach where each modification of a site has to be inscribed with a new Slimcoin transaction.

However, in its original version ZeroNet does not use a blockchain. But I guess it can be "enhanced" using a blockchain to permanently store site identifiers.

An example:

Let's have a site that uses address SZWZYPi5XUHwicoVU5n4EhyvsWMMkfSHE7 (the bounty address at slimco.in, only as an example).

In the original ZeroNet this identifier, and the torrent (content.json) to which it points, is saved in a torrent tracker. But if no tracker knows it, you never know if it exists, or existed (you could use external tools like search engines but that doesn't guarantee that you'll find it). It's also likely that a torrent tracker will delete it if it's not available for some time.

If we save the identifier in the Slimcoin blockchain, however (with an OP_RETURN inscription) then the network will know it as long as the blockchain is online. The content, however, may be offline.

If anyone is willing to bring more liquidity into Slimcoin markets, please contact me.

Btw. have anybody tried to run electrum server for Slimcoin with this code? https://github.com/slimcoin-project/electrum-server-slm/tree/slimcoin

@eddycurrent, you said something in 2017 about Android version of client?

Well, I have fixed the issue where coincontrol was failing to respect an explicitly-set change addy and have suggested to the exchange representative that they check whether the fix also cures the problematic listunspent issue.

Cheers

Graham

I have contacted some people, that can help us, and @gjhiggins also informed that he and nova staff is working on one of the possible solutions.

Yes. Apparently the Slimcoin code does not behave as expected in that it does not properly handle the inclusion of change txs in either getbalance or listunspent, the accuracy of which is crucial to the exchange's accounting requirements for AML/KYC complicance. This isn't the first time we've had a run past this problem and I was privately advised on an earlier pass-through that this is a delisting issue for the exchange.

Unfortunately, even if I did have a clue where to start looking for the source of the problem, right now is not a good time. Ngaio and I have a couple of months to move out of the property we've been renting for the last 18 years and find somewhere else to live (sadly, our landlady was widowed earlier this year and this is all probate fallout). So my attention will be very much elsewhere for the next calendar quarter at least.

The gory details are on the discord server. I've advised the person representing the exchange of my position/unavailability and recommended that they approach the group.

(There are times when I wonder whether any of the active addresses in the SLM "rich list" are actually controlled by human actors or whether they're now all just algorithmically-driven, given the apparent degree of  disconnection with the reality of the Slimcoin blockchain.)

Cheers

Graham

Nova opened SLM for withdrawal/deposits

@gjhiggins - there are still problems with SLM integration with novaexchange?

That too is my experience, also with several K of effective burnt coins. It seems to go in cycles as far as I can make out. As I mentioned, the code is canonical (albeit probabilistic, AIUI).
There's possibly some further enlightenment to be had from the Technical Discussions doc that I added (basically just a collation of early bitcointalk posts but it is focused on minting/mining).

BTW, I have reworked ACME so that it now gets its data from SPARQL queries of the blockgraph and not from RPC commands sent to the client. It's is mostly working, just a few wrinkles to iron out. It's testnet-only atm, handling a few K blocks is way more tractable than 1.7million:

http://tessier.bel-epa.com:5064/test/

Work on browsing the blockgraph is continuing, as is the calculation of network hash stats, the ordered list of balances and the address/tx history.

Cheers,

Graham

i mean PoB, not PoW
earlier it was about 1-10 rewards per day (i have 10K effective burnt coins so it 12-14 coins per reward)

I may well have encountered it previously, it was relationship between the mixed reactions/expectations in the HN discussion that triggered my interest/post.

Cheers

Graham

Well, the network seems to be in a PoS minting phase right now ...

https://chainz.cryptoid.info/slm/#!extraction

It is possibly settling into a new equilibrium reflecting a lower PoW component but that's just a guess - the code is canonical.

Cheers

Graham

I thought you knew about Zeronet, I have read about it some time ago - neat idea, dunno however how it works in reality.

Something of potential interest, primarily to d5000 and myself maybe but perhaps also of general interest in terms of "Is that something we could adapt to Slimcoin?"...

HN discussion of ZeroNet - ZeroNet: Decentralized websites using Bitcoin cryptography, BitTorrent network

ZeroNet itself (Python3) - https://zeronet.io/

Cheers

Graham

moreover now i don't have burn rewards after return to fullbackup with 0.5 wallet about 3 days

Cryptopia is done: https://twitter.com/Cryptopia_NZ/status/1128491715608727553

Good that we aren't here in the end.