Topic: Transparent Crypto Coin Swap Guidelines (Read 5010 times)

not at all viable and its not fud, try to goto #bitcoin IRC and tell them that.. they will laugh at you. Gluck anyways!

Your statement about loss of "massive" entropy is FUD -- based on theory -- when it becomes fact we'll worry about it.

The real risk to date is BAD pseudorandom number generators -- I'd freak out more about that then I would about a few bits off of an ECC key....

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Our transparent swap of Givecoin 1.0 (GIVE) to 2GIVE has been completed and the market seems to approve...

According to coinmarketcap.com, GIVE had an estimated market cap of $3,807 when it stopped trading

https://coinmarketcap.com/currencies/givecoin/

As of right now, 2GIVE has a market cap of approximately of $125,000

https://coinmarketcap.com/currencies/2give/

And is now traded on three exchanges:   BITTREX, BTCPool, and YOBit.

So despite what some of the "haters" here have said about our approach the market agrees and it should absolutely be considered a viable method for swapping other coins in the future.

-dvd

Really I'm helping to try to save your time..I could care less about the project. I Dont think you havr been around here much by not understanding the inherint rules that communities here work by. I was trying to help you and even gave you resources on how to solve your problem properly..but it's ok anyway gluck

Yawn.  Sorry I'm all out of Purina Troll Chow at the moment.

If you can't deal with ideas respectfully without resorting to pathetic personal jabs I've got nothing for you.

The fact that you are technically incompetent and chose to use a trustful process to a decentralized and trust less project will forever hang over your new projects head just FYI as long as there are people who got left put of the loop... Gluck I hope this ends that..
Now if you want to see how to do it in a better way check out syscoin2 snapshot unit tests for how to do a proper snapshot supporting older chain

We are NOT assuming -- we are specifically socializing out that Bittrex is our exchange agent.

No one is forfeiting any coins -- you can keep using V1 if you want, it's just no longer supported BY US -- just like Windows XP for example.

You are MORE THAN WELCOME to take over the maintenance of a broken blockchain -- PLEASE by my guest.

The chain swap is required since V1 was built on a chain that did not support staking.

I'm going to stop responding to the "rules" comment because there are no rules -- you have to let that go.

We are under absolutely NO obligation to do any swap or conversion -- it's opt-in.  There are no contracts or warranties made by any chain -- to think otherwise is foolish.

Please check your entitled attitude at the door -- no one owes you or anyone else here anything.

We voluntarily took over the development of Givecoin v1 and have put a lot of time and money into building V2.

I hope you'll join the 2GIVE economy ;-)

-dvd

You can never assume that people will be on some exchange and carry a risk of forfeiting those coins because its a centralized entity and above all there are trustless ways to do so for the devs that do not require swap deadlines... like I said if the team is not competent hire someone who is, its clearly doing the opposite of what the rules in the OP are laid out. Has nothing to do with advice from people who do not know how to code.

OFFS -- I think Fartbags has resolved this on the 2GIVE thread:

https://bitcointalksearch.org/topic/m.14677478

The reality is, THERE ARE NO RULES

We obtained the best viable model according to the advice of our lawyers and accountants.

In the real world, when one company acquires another companies shares there is a registered transfer agent and all shareholders of record are permitted to exchange them.   If you lose your share certificate you lose the right to make a claim.

Now with regard to THIS particular post -- it is a ridiculous assertion to say the the coins are being "stolen" -- the V1 coins will still exist and any coin holder will continue to enjoy any rights and claims to them.  If someone doesn't elect to do the swap that's on them.  Strength in Numbers Foundation (SNF) will no longer be supporting the coinbase nor providing any hashpower to fuel the chain post swap.  There is nothing preventing anyone from continuing to mine the coins, transact in them and seek to have another exchange list them.

We have been socializing the swap now for well over six months and Bittrex ceased exchange on 12/31/2015 -- therefore the nominal value of the tokens are essentially zero.

This notion of backwards chain binary compatibility makes about as much sense as say having Microsoft require that the underlying Windows 10 OS still be based on Windows 3.1 :p

All we're doing is demonstrating another viable model for doing a coin swap -- and unless you're a stakeholder in our chain, your opinions will be duly noted ;-)

And just like everything else in the consensus model world of crypto -- we're letting the majority decide

-dvd

He is not following the rules that's for sure..

I have my original $GIVE coins in paper wallets. I don't think it is right for you to just steal my coins from me because they aren't on bittrex.

have you taken a look at the code? its pretty ugly. To keep up to date with bitcoin core requires more and more work, thus slowly dying... for those that coded it sure it looks fine and works for them, but I havent seen any unit tests around it or anything coin you point them out to me? As bitcoin code matures, POS wil lbe harder to port, unless its a total different platform, then consensus is wide open, but for general purposes the bitcoin code base is the most well tested and code coverage is above 90%.

 POS is slowly becoming dying codebase.?

can you explain what you mean there?

That is the wrong way because some ppl may not be around and have coins in cold storage. I've already outlined how to do it properly. Anyways Gluck but you will be labelled a scam as per this guideline.

By hiring Bittrex we effectively "hired someone" to handle this.  If you don't have your coins on Bittrex, you are not eligible for the swap -- that's what having a "registered agent" solves -- plus legally under advice of our attorney's we are not permitted to do the exchange nor "day trade".

These are "guidelines" -- not "rules" -- there is a huge difference between the two and our example should serve as a viable model for anyone else that want's to pursue a coin swap.

-dvd

So bittrex will handle exchanging? what if people don't have coins on bittrex? Why not just hire someone or simply start a new coin and forget the swap guidelines because I don't think you are following them anyway?

I have actually read the suggestions and comments here -- which is why we decided to have Bittrex handle the exchange.

Fundamentally I don't really care if people here bitch about it being a scam -- the coinbase is for the non-crypto non-profit world -- where we can leverage a new "underwriter model" where any donor/supporter can acquire the tokens from the non-profit at whatever value they see fit.  It's just like a "silent-auction" model that many non-profits enjoy now for fundraising.  In fact any exchange is an unregulated SECONDARY market as far as I'm concerned.

If any other exchange wants to setup Give 1.0 -- that's their prerogative.   We have confirmed with Bittrex the the majority of the current mined coins are on deposit with them and that is the basis for our 1:1 exchange.  The rest of the "early mining" will be distributed to non-profits until fully liquidated.

-dvd

I dont think you read many posts here about what this thread is intended for have you?

Your whitepaper

"We have yet to determine how we will handle any coin conversions after this period since a greedy miner could continue to mine GIVE v1 and seek to convert it to 2GIVE.   We currently do not have the capacity to exclude coins generated after a given block number.  Anyone with ideas or experience here please contact the author."

What you do is a simple snapshot, take a look at syscoin2 github and the snapshot unit test, its based off of utxo.json... thats all you need and then you dont have to worry about timingof conversion... get rid of the 1 month window bullshit that will ruin confidence in your ability to technically manage a blockchain project.

You have taken the time to promote your 500M premine of give 2 but you havent actually partaken in the guidelines.. please post some code on how you will do it to avoid scam accusation of your new project.People want to see what you will do before you do it not after.

All the code will be uploaded here once we produce the final final chain:

https://github.com/LittleDuke/2GiveCoin

The white paper has most of the details:  http://bit.ly/2GiveCoin

Would love to get some more big brains on reviewing it

-dvd

entropy is not about anon but about security.  The pegging sounds alot like thr alias pegs I did for syscoin.. I also used coloured coins.. you have source code avail?

Only the primary addresses of every human wallet leverages Give* addresses -- all paper wallets use Gift* and all exchanges begin with just G*

as for entropy and addresses -- it's all "theory" -- anyone with half a wit can tie addresses back to the same user through "change" tx's -- and all thin client wallets have to talk to some indexing server which can instantly determine which addresses are tied to the same user.

Pseudo-Anonymity is NOT a design requirement for 2GIVE -- there is enough entropy in the coin selection and block formation to satisfy security needs.  The actual value of the coinbase is not in the storage but in accounting of the fiat exchange -- which means anyone can acquire the coins at any value extrinsic of the nominal, third party spot value pegged to another crypto currency.

It's a color-coin-like implementation -- some TX's are worth more than others.

In the end, just like Bitcoin, this is yet another experiment to help us learn and grow

-dvd