Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 95. (Read 804672 times)

My PC is recent state of the art, with a 4 core CPU.  The problem with home computers for forging as a delegate is the 10 second block times.  I am on a DSL line.  The time it takes for the information to be transmitted both ways thru the DSL, to the fibre, to the internet backbone is just too close to the 10 seconds to forge more than 75% of the time successfully. 

The fix is to lengthen the block times to 15 or 20 seconds, but this will greatly expand the confirm times for transactions.  We are trying to be the fastest confirmation crypto.   Hmm, might be interesting to try 5 second blocks?

So its still possible that pc can have very good uptime its just most present delegate use cloud. We just need some more delegate or standby delegate to try.
I can not have a reliable pc run 24 hours now or I would test it.

But lets assume most pc can not uptime better than 75% isn't this something Boris should try and fix? If it is fixable?
For crypti to scale in the future is not important for pc to reliably forge with high uptime for delegate?

Again maybe it is just Litoshi pc and internet that is not perform well. We should see if others can forge well with pc.
Otherwise fix it if it can.

The foundation only controls 11% of the coins/votes.  It was 15% at the IPO.  4% has been used for bounties, and the faucet.

The devs own individually another 20%.  Most of this has been purchased since the IPO.  After the IPO, the devs only had 5% of the XCR.

SO there is 69% of the XCR owned outside of the devs.  23% is at Bter, 8% Crypty, and I believe 12% at Polo. 

Does not sound central to me. 

You are just upset becuz you cant get enough votes to forge.      

Mal, interesting post about DDOS attacks.  Let me comment.

The Delegates in our system, once voted into the 101 Club, remain there even if they fail to forge blocks sent to them.  There is not a system presently to demote a non-performing delegate to standby status.  Vultr shut off a dozen of our delegates yesterday due to a billing change (they dont bill PayPal accounts anymore).  We still had a viable network with only 90 delegates running.  I was unable to access my delegate on Vutr.  I simply opened the node on my laptop, and forged for 3 hours at home until Eric could straighten it out.  His delegates were offline for that period.

In every 101 block cycle, there are one or more blocks that dont get forged by the randomly chosen delegate.  The unforged block is sent to another delegate, and another until it is forged.  An attacker would have to DDOS  all 101 delegates at the same time to stop the network.  

The delegates are presently on cloud servers because they performed poorly on laptop and home PCs.  It is possible to run the network from home computers, its just slower and only has a 75% forging rate (for my computer anyway).  

No, it is surely centralized if controlled by one person or one group of persons. 
Geographic locations does not equal decentralization

Actually, there is a related problem I think is more serious that won't be fixed by going from cloud servers to local PCs, and that is susceptibility to DDoS attack.  NXT got hit with this when they were first setting up their network and it nearly sunk them.  Limiting the active forgers to the 101 Club with a ten-second response time means there's a relatively limited infrastructure with little time to waste on spoof packets.  It would be interesting to see some of the devs comment specifically on how vulnerable Crypti is to DDoS and how they plan to deal with the DDoS attack that IS COMING once Crypti starts gaining wider acceptance...

http://www.prolexic.com/knowledge-center-about-ddos-attacks-faq.html

"...it is possible to rent 80,000 -120,000 hosts capable of launching distributed denial of service (DDoS) attacks of 10 to 100Gbps – more than enough to take out practically any popular site on the Internet for just US$200 per 24 hours."

I would suggest that we start coming up with mods to the code to create a network of "back channel" IP address for members of the 101 Club that ONLY THEY KNOW AMONG THEMSELVES and that they use to communicate as a first line of defense.  DDoS is most effective against publically known IP addresses and Crypti has the luxury of being able to create a darknet for the 101 Club...

I understand that but what I mean by centralized is all the delegates are relying on a cloud computing service. For now sounds fine.
But we want crypti be hundred billion in daily worldwide volume in future. If all delegates rely on private company service to host their node
then its centralized. Govt can shut down. Or Amazon can blacklist aws accounts running crypti because it hurt their business. Get what I'm trying to say?

Beauty of a crypto was bitcoin anyone can mine their pc. Pos coin anyone can forge they need some coin and cheap pc no electricity waste.
Crypti has delegates which I like. But the delegate themselves need freedom to run it in non third party relying ways. Don't you think?

It's not centralized. We have nodes in over 20 different locations in the world. China, Japan, Philippines, Australia, many Europe countries, several different states in the USA, and so on. This is decentralized enough already.

Compete?  Yes and no.

If you mean "compete" as in "OMG, they have something we dont, Hurry up, lets copy it"....... no we dont do that.

If you mean "compete" as in "We are developing an exceptional product; everyone will be trying to copy us soon".... then Yes, we are that.

We, in fact, I tried , to use my home PC to forge as a delegate.  So did another dev.  We found that the forging was hitting about 40% instead of 100%.  The reason was because of the 10 second block times.  It just takes too long for a DSL connected computer to receive, hash, and return a block before the 10 seconds times out.  We found that the delegates that were closest to the internet backbone forged the best percentage.

If we wanted to make it possible for home PCs to forge, we would have to increase the block times to 15 or 20 seconds.  That is unacceptable.  With the 10 second blocks, we can confirm a transaction in 60 to 100 seconds.  BitCoin has 10 minute blocks, and you need 1.5 hours to confirm a transaction.  That is why we are better than BTC. 

To run a delegate, it is recommended that you use Vultr or other cloud services, that charge $5 a month.  My delegate is there, and is forging around 99% now.

Curious to know if any Crypti dev team members follow skycoin?
They are so smart and over my head but if they are right or do half the things they say they can does Crypti compete?

Thinking for the long long term and big picture for Crypti, how can it be if regular pc can not be reliable uptime.
Isn't it too centralized to depend on cloud computing to run delegates with high uptime?

How can Crypti be big as or bigger than Bitcoin one day if that is so?
Are devs working on this specific problem or not yet?

Mal is talking about silver and gold MINING STOCKS, not physical metals.

The miners are all operating near or less thatn the price of production of silver and gold.  At this point, any increase in PM prices is pure profit.
When silver goes up $2, the silver miners go from making pennies an ounce to $2 an ounce. If silver goes up $10 an ounce, WATCH OUT STOCK PRICE.

I'd advise against Investing in gold or silver. I just don't like to take the opposite trade, short the dollar. Should be interesting to see what the US dollar is, at the end of the year. Also jay Taylor, I don't think is someone I would trust. Look at some criticism of him. http://goo.gl/ylZyNJ

LOL, I included the link to identify where the term "hodl" comes from, which I find amusing.  I agree it's no way to trade.  Buying low is a great idea and now is that time for Crypti.  Unfortunately, I am tapped out with no available funds to buy more right now.  I'm happy with my current Crypti holdings and confident in its future.

I've been watching precious metal stocks and agree they could be ready for liftoff.  They certainly have been savaged for the past few years on the Toronto Venture exchange where they are traded.  I've read quite a few of Jay Taylor's free reports and learned a lot, tho probably only enough to be dangerous....

http://miningstocks.com/

Two companies I've been watching are Gainey Capital for gold ( http://www.gaineycapital.com/ ) which Jay Taylor thinks very highly of and also EMC Metals for....wait for it....scandium in Australia.  ( http://www.emcmetals.com/s/home.asp )  Scandium is a very interesting story.  It is a rare earth element with little current use, but that could change.  A pinch of carbon in liquid iron makes an alloy called steel, which is the backbone of 20th Century civilization.  A pinch of scandium in liquid aluminum makes an alloy with no common name yet that may become the backbone of 21st Century civilization.   It could revolutionize both the aircraft industry by making super light, super strong aircraft and also the fuel cell industry by making a revolutionary new fuel cell chemistry / electrode possible.  

Unfortunately, I don't have a lot of money to invest in either Gainey or EMC.  At least, not for a few more months, until Crypti goes to da moon.

Mal, that is a perfect example of how not to trade.  Watching the price daily only gets you regret, ulcers, and headaches.

Best strategy is to buy quality when everyone else is selling, and hold it long term.

If you are into stocks, right now the buy and hold is silver mining stocks.   

I Am Hodling.

https://bitcointalksearch.org/topic/i-am-hodling-375643

Any ETA for the new UI? Still in May?

For those worried about price, just give it a bit longer. We are building some pretty compelling reasons to buy in to Crypti. We will post more as soon as we are ready to get into specifics.

Keep in mind the low price is due to low volume trading at this time.

With 2 BTC either way on Polo, I could take the price all the way down to 600 sats, or all the way up to 1920.

I voted for you.  You need to convince others to vote for you as well.  The foundation only controls 11 million votes, the devs control 20 million more. 

Bter controls 24 million votes.  Ask Lin to vote for you.