Bitcoin Forum

A Quick Hello:

My name is Nicholas.  I am conflicted about creating this thread, but there is a necessity to announce publicly in order for the bitcoinR network to grow.  My hesitation is borne specifically from the fact that bitcoinR must necessarily and unavoidably challenge the libertarian viewpoint that underlies Bitcoin and many popular altcoins, namely: that most functions must be decentralized.  This fundamentally trustless ethos had been one that I myself espoused for over a decade but is incomplete without a more formalized version of quantitative balance which may be most efficiently instituted by a centralized entity.

This in and of itself is not a new idea; central banks make attempts to stabilize currency at regular intervals; however, they do so without the discipline of a fixed money supply; thus, there is very rarely any deflationary activity and generally when a government prints money the value of existing money goes down.  Bitcoin has the opposite challenge, which is that there is no way to create an inflationary impact to stabilize the price of BTC, the increasing price of which has proven to be partially reliant upon a naturally-occuring deflation; this, combined with other factors can enable price manipulation by large holders.  bitcoinR was developed in an attempt at reaching an equilibrium via the structured simplicity of centralized open market operations.  This will require trust, an unpopular concept due to its historic abuse by certain monetary authorities.

We have all studied or are at least aware of this economic history.  Myself and my team members have been educated at Brown, Harvard, MIT and a fair number of other lesser known but still academically rigorous schools.  We have studied economics, law, cryptography and computer science.  bitcoinR is the result of these learnings, combined with what was accomplished by a small group of individuals over the past four decades that is now best known as Bitcoin; for the former we are grateful to our professors and academic advisors, for the latter we are very much indebted to David, Eric, Gavin, Hal, John, Nick, Paul, Phil, Tim & Wei.

We are hopeful to provide value in a structured, predictable and transparent manner while cooperating fully with regulators in the United States if and when we are asked to do so.  bitcoinR is not a privacy coin, in fact it is the exact opposite.  It is important to get away from the idea that major cryptocurrencies are run by a mysterious shadowy figure whether acting alone or as part of a cohort with an undisclosed profit motive.

As a matter of full disclosure, we do hope to make a return on our time and money investment; however we do not expect this to come quickly or easily, and we will not get there by selling bitcoinR units (XBR) directly to the public outside of an AML/KYC compliant exchange.  For now the public can only obtain units via mining or bounties; and in the latter case they must provide their full name, address and contact information for us to do an AML / KYC check prior to sending the earned bounty units.  More detail may be found in the bitcoinR whitepaper.

We understand that some will choose not to participate in the bitcoinR network as a result of their personal privacy ideal; however, we urge that this decision be predicated upon the idea that privacy even in the Bitcoin network can always be overridden.  Either way, we wish you the very best of luck with mining XBR and do hope that your participation will fuel the attention necessary for creation of intrinsic value, continued gradual growth and eventual institutional momentum.

Thanks,

NS

bitcoinR Overview:

bitcoinR is based largely upon Satoshi’s original design of the technically decentralized Bitcoin blockchain. We paired this improved technology with a centralized economic governance model designed specifically to allow central-bank-like quantitative easing and quantitative tightening within set tolerances. This quantitative flexibility should equate to a more stable money supply, one that is less likely to be manipulated by an unseen hand.

We have chosen to re-begin with a new Genesis block to ensure equal ability for all to accumulate the new virtual currency unit XBR. To have forked and airdropped would have largely defeated the purpose of addressing the high concentrations of BTC through quantitative adjustment.

XBR’s network is called "bitcoinR". In choosing this name, we give credit to Satoshi for their original design, with the newly appended "R" to signify the currency’s "Reserve"-like feature of quantitative flexibility.

Quick bitcoinR Facts:

Algorithm:  SHA-256
Block Halving: 52,500 blocks
Block Reward (initial): 100 XBR
Block Type: Proof of Work (PoW)
Coin Name: XBR
Coin Unit: Satoshi
Coinbase Maturity: 99+1 Default Confirmation Blocks
Initial Address Letter (Mainnet): X
Initial Address Letter (Testnet): B
Last Reward Block: 1,785,000
Network Name: bitcoinR
Node 1: 204.48.17.237 (New York)
Node 2: 167.172.122.211 (San Francisco)
Node 3: 167.99.88.236 (London)
Node 4: 167.172.42.86 (Amsterdam)
Node 5: 206.189.95.138 (Singapore)
Node 6: 167.71.41.67 (Frankfurt)
Node 7: 138.197.143.76 (Toronto)
Node 8: 139.59.63.124 (Bangalore)
P2P Port: 17482
RPC Port: 17481
Supply: 21,000,000 XBR
Supply (minable): 10,500,000
Target Spacing: 5 minutes
Target Timed Difficulty Adjustment: 15 minutes
Transaction Confirmations: 12 blocks


Miscellaneous:

bitcoinR Team
https://www.bitcoinR.org/

(scroll down mid-page)

Whitepaper
https://www.bitcoinR.org/whitepaper

Mining:
https://www.bitcoinR.org/mine

Exchanges:

bitcoinR will apply to AML/KYC exchanges only; we cannot control whether or not foreign or decentralized exchanges eventually trade XBR.

XBR CPU/GPU Mining Videos for Beginners:

Macintosh (https://youtu.be/Iadnisn_n1U)
Windows (https://youtu.be/JAvSltfj1AA)

Mining Pools:

To be released in late Q2'2020.  To facilitate gradual growth of hashpower, we first released for CPU mining only.  As of mid-may, it has become fairly difficult for standard CPUs to mine blocks; this occurred more quickly than we would have preferred.  If past is prologue, once we release the mining pool, chances become vanishingly small that even powerful GPUs will retain the ability to mine blocks.  It is for this reason that these announcements have been deliberately and totally staggered and will continue in this manner until bitcoinR can transition entirely to ASIC miners.  We are doing this so some level of equitable distribution can still be maintained.  To do otherwise would be dumb and unfair.  Early release of pools could create the exact challenge that we are attempting to solve.  Thanks for understanding.

Blockchain Explorer:
bitcoinR Block Explorer (http://167.99.88.236:3001/)

AML Compliance and Auditing Firm:
BitAML (https://bitaml.com/)

Contact Us:

team@bitcoinr.org

Pool ????

Hey Olkah,

Sorry if I didn't make that clear, and further apologies because I might be repeating myself here but the root problem with making the mining pool software available at this point is that it we feel would unfairly concentrate XBR in the hands of very few mining operators.  The good news is that if you have a powerful CPU or a decent GPU, you can mine full blocks yourself.

As of right now, the aggregate hashpower is only 198,389.857 Network (KH/s) and the difficulty is <500.

If one were to unearth some "obsolete" BTC GPU or ASICs, that might work surprisingly well; however, we'd prefer that the ASICS weren't deployed for another 30-45 days or so.

NS

where source code?)

Sorry, a fresh copy of the deployed source code is located here:

https://github.com/fancywarlock/bitcoinR

NS

---

Sweet!  Thank you.  I was looking for a few additional ways to share this.  I like the structure of your site, check out our bounties page at https://bitcoinr.org/partners/xbr-bounty-hunters/ (https://bitcoinr.org/partners/xbr-bounty-hunters/).  For example, we'd happily award a bounty to those who are linguistically skilled enough to translate the ANN thread into the multiple different languages here on BT.

We are happy to pay both media / advertising bounties as well as bug bounties with the obvious caveat that anyone seeking a bounty payment must go through our AML/KYC check.

Thanks again!

NS



[moderator's note: consecutive posts merged]

Its completely different idea from bitcoin or other alt coin.So if govt. regulate it then they can impose anything as they want.won't they take tax ?

Well, yeah. But for now the hashpower is  5.5 billion (5,496,695,624.208 Network (KH/s) and the difficulty is more than 50 million...
So i think the solo mining with CPU already is out of question....

most of your team members don't include XBR project on their portfolio. can you ask them to include this project if they are indeed part of this project? also, why not create a new name for your coin? why use bitcoin in your name, just to attract users because it has bitcoin in it? most projects that are still attaching bitcoin on their name has no confidence that they will make it without it.

also please address below post :

Hi!

Wow.  You're right!  I uploaded the wrong version of the source code from 2018 with the wrong hashing algo and even to the wrong github repository address.  How embarrassing.  Sorry.

Thank you for pointing it out. Again, I really apologize.  What a boneheaded move.

I guess now is as good a time as any to reiterate that if anyone finds something that doesn't quite make sense or is functioning improperly, we are happy to compensate them with an XBR bounty so long as they provide their identity and contact information so we can do an AML/KYC check.

I'm happy to send you some XBR as a bounty for seeing this and bringing it to my attention SCAM-detector-X.

Please send your:

- Name
- Contact Information
- bitcoinR wallet address

The error has been corrected and you can now find the correct source code at https://github.com/fancywarlock/bitcoinR (https://github.com/fancywarlock/bitcoinR)

Thanks again for taking the time to send a note, and to keep users here on BitcoinTalk safe!

NS

---

Hi AmoreJaz,

Thanks for the note.  I'll respond to each of your points below:

1.  The github repository link (https://github.com/fancywarlock/XBR) has been replaced with https://github.com/fancywarlock/bitcoinR (https://github.com/fancywarlock/bitcoinR). I did make a mistake and published the wrong code to the wrong repository address.  I thanked the user via PM and publicly and will happily send a bounty his/her way (if they choose to disclose their identity for AML/KYC) for pointing out my error.  It was not a good first look on my part- apologies again to the board.

2.  I need to understand your comment about the team members' "portfolios" a bit better please.  I am not sure to what exactly you are referring, but I can assure you that they are all very much a part of the bitcoinR project, and all of whom have signed contracts that indicate that we can publicly associate them via our website and other media.  Please clarify what you are looking for here and I'll see if I can make it happen.

3.  In the early days, our project was not called bitcoinR; and very much to your point, I wrestled with the idea of calling it any name that derived from "Bitcoin"; however, even a cursory examination of our source code will indicate that we haven't changed a great deal from the original Bitcoin code.  Technically, Bitcoin Core and bitcoinR are quite similar with the exception of crypto-economic parameters such as Block Halving, Target Spacing, Target Timed Difficulty Adjustment, Block Halving, # of Transaction confirmations, etc.  If you are scientifically inclined, you'll know that you want to change as few variables as possible when conducting an experiment.  We even left the money supply the same at 21,000,000; but sped up the block time for two reasons: First to accelerate the timeline of the experiment and the Second, to give regular people a shot at mining XBR while they were quarantined due to COVID-19.  So, it really seemed LESS transparent to name our project / experiment something other than bitcoin"X" since the technology is admittedly derivative. 

As for the balance of the name, we added the "R" to ensure that we delineated our project and brand from the original, and to (hopefully) indicate our charge which is to operate a Bitcoin-fork in a manner that is consistent with the way a central bank / reserve bank would operate from a quantitative easing/tightening perspective.  I could go on, but respectfully, all of this is explained in the whitepaper.

-----

So, in summary: we are trying our very best to make something that will be adopted within the market, but we aren't shilling it or promising units of XBR will be worth anything at all.  We are making a level attempt to ensure that we follow all AML/KYC rules in the process.  We aren't going to get everything right in the beginning, and maybe we won't get them right at all; but we will be honest and transparent in the process, and hopefully we will have made something that rewards the active participation of others.

Lastly, please understand that not all innovations are of the technical variety, there are economic and procedural innovations as well.  The real social experiment of bitcoinR is technical de-centralization paired with an economic centralization that requires a trusted party to stabilize unit value.  This is a combination requiring human intervention because we are unaware of a coding algorithm to assimilate, process and assign real world value of items / effort.
 
So, in this way, the bitcoinR project is a very, very different experiment than was Satoshi's Bitcoin (even while it is technically derivative).  In the end, we are not sure that XBR will ever have any value at all and plainly state this on our official website, in the whitepaper and here in the ANN thread.  It's for this reason (and others) that we have chosen to release bitcoinR to the mining community instead of continuing our attempt to understand whether or not XBR would be classified as a security if it were sold. 

Thanks again for the questions.

NS

---

Hey Kalyn,

You are absolutely right.  No one here on the team can believe the jump in hashpower and difficulty today.  The hashpower has gone from 198,389 Network (KH/s) to 24,365,170,193 Network (KH/s) in a matter of hours.  This is unexpected and unprecedented; certainly not what we were hoping for.  We wanted a gradual transition from CPU to GPU and from GPU to ASIC in order to ensure regular people had an opportunity to accumulate XBR.  Difficulty is now 159,779,998; the thought of which first delighted us, but then we realized that it is not likely possible to mine a block without a rig.  :(

Tomorrow I'll reach out to a few GPU miners that were having success last week to see when the last time they were able to mine a block.

---

Hey Sherriffin-

Thanks.  We were looking for an Altcoin like this, we couldn't find one so we built bitcoinR as an experiment.

Governments can and do tax crypto.  The bitcoinR network is very transparent and theoretically its movements are easily tracked.  We will never sell XBR except through an AML/KYC licensed exchange and encourage our users to do the same.  Thus, a government should have the ability to easily discern who buys and sells XBR and can tax them appropriately if they choose to do so.

If users are concerned about this, they should not attempt to trade XBR (or BTC or XRP). 

[moderator's note: consecutive posts merged]

 https://github.com/fancywarlock/bitcoinR

Support up

It is a good thing if we have something very similar to BTC, and the unique part of this project is the centralized aspect. I personally believe there is a secret government that is controlling BTC so, bringing it to the open with a project like this is a welcome development.

You have chosen a bad time for bringing a new project in the cryptocurrency world, it’s really tough to get a positive response from across the pandemic world, whatever the case is, your project looks potential for the future perspectives.

It's self contradictory that you are saying that you are following the original satoshi’s design but in an improved way? Why haven't you followed the original one? Do you think the base one is not updated?

Hi dev, this project sounds very interesting and quite new to cryptoworld. hope this project will get the success.I have an eye on it.

So far a Nice project,  It’s really good to see that this project is focusing on some risk factors along with manipulation of the currency price, let’s see how they could cover these factors.

Hey Ozing,

Thank you for the kind words; yes, we did try to honor the original design of BTC with XBR by keeping consensus decentralized while centralizing the economic parameters.  Regarding the idea that a "secret government" controls BTC, I think that it is unlikely that any sovereign nation exercises direct control over Bitcoin Core; however, I do think it is possible that there could be some indirect control by certain countries where lines blur between the private and public sector.

Regardless, the backend economics of Bitcoin that may be manipulated by a loose federation of non-transparent entities is the challenge that we were looking to solve.  There is no question that Bitcoin Core will always be the original and the champion of all crypto; however, that does not negate the need for a transparent, quantitatively flexible version of Bitcoin which is bitcoinR.

There is room in the ecosystem for both BTC and XBR.

---

Hey cooltoadfrommmoon,

Appreciate your input; but we must politely disagree regarding the bad timing.  The COVID-19 pandemic was the perfect time to release the CPU miner to the general public because they were stuck at home for quarantine.  While some were lucky enough to retain their jobs, other folks lost their jobs entirely and had no way to compensate themselves- yet, they still had time on their hands and a computer that they could use to mine XBR. 

Interestingly enough, when we announced the project via Twitter, LinkedIn and Facebook, we were met with varying interest by audiences that didn't understand what crypto or mining was.  Most people ignored the announcement, but many did not and those individuals successfully mined a few thousand blocks using their laptops, Macbooks and regular desktops that they would normally just use to browse Facebook or update their resumes in MS Office.

You can get a rough idea of how popular the CPU mining videos were by checking out the initial two CPU mining videos on the bitcoinR YouTube Channel (https://www.youtube.com/channel/UCEtVZWLWxTgJ6VGSX8ReefQ).  The Mac mining video had a little over 7k views and the Windows video had a little over 5k views.

Until yesterday morning the difficulty was <500 and as of right now it is 724,592,054; and while one cannot just success by hashpower and difficulty alone, I do believe it is directionally indicative of a project that may succeed in the long run.

---

Hey NITER2018,

Thanks for the note.  I'm struggling a bit to understand your question, XBR is not intended to replace, supplant or challenge BTC.  Our hope is that it may prove to be a fairly price stabilized (+/- 15%) alternative as a store of value and medium of exchange when the market is getting hysterical and BTC is commanding crazy high prices or has become artificially depressed.

To address some of your points directly.

1.  We forked Bitcoin prior to Satoshi's genesis block, thereby creating an entirely new blockchain with zero history shared with Bitcoin Core.  In this way; we are not technically identical to Bitcoin Core, but share 99% of Bitcoin Core's DNA.

2.  I'm usually careful about calling our changes "improvements" because to do so would likely be interpreted as little more than self-aggrandizing propaganda.  That said, it is important to "talk one's own book" because it is important to recruit new supporters for the project to effectively exceed XBR's Dunbar number, a threshold that I believe we have crossed at this juncture. 

3.  Do I think "the base is not updated"?  No.  The Bitcoin Core source code is lovingly maintained, far more than is the bitcoinR source code at this time.  Code maintenance beyond initial commits is generally a community function.  As the XBR community grows, perhaps the maintenance of our code base will approach the quantity and quality of the code commits by the BTC community; but I do not rank the probability of a 1:1 XBR to BTC code-commit frequency to be very high in the short run or the long run. 

Said another way, we have a long way to go before the size and active participation of the bitcoinR community reaches parity with that of Bitcoin Core; a goal that is not impossible, nor is it terribly probable.

Long story short, bitcoinR is not a new idea, rather it is a combination of Bitcoin Core, the old Chaumian central mint ideas from the 1980s and 1990s and the old / established processes described in the 2nd Edition of The Federal Reserve System: Its Purposes and Functions authored collectively by The Board of Governors of the Federal Reserve System in November of 1947.

NS

[moderator's note: consecutive posts merged]

Why you don't make this cryptocurrency on CPU mining algo at first place?

Yes, the entire basis of the quantitative adjustment for the currency is that there needs to be a money supply that can be tightened or eased at set intervals.  Where would these funds come from if we did not pre-mine?  This is explained in detail in Appendix B of the Official Whitepaper (https://www.bitcoinR.org/whitepaper). 

These are the properties of the 50% pre-mine:

~33.33% (7,000,000 units) of the total money supply was pre-mined and is reserved for periodic OMO.   
~6.67% (1,400,000 XBR) of the total money supply was pre-mined and is allocated to team compensation.
  10% (2,100,000) of the total money supply was pre-mined and is allocated to ongoing operations (bounties, development, infrastructure, etc.). 




Obviously, it is tempting for a developer to print his or her own money; but the main benefits are lost if a development team overpowers market demand with its own self interested supply.  Strong control of ownership in our semi-centralized model is important since its almost certain that effective circulation will be reduced via quantitative tightening effort at some future point.  Lastly, it's important to compensate oneself and one's team with an amount more substantial than just walking around money should the project prove sustainable.

Lastly, Bitcoin Core was 0% "pre-mined" and Ripple Labs was 100% "pre-mined".  Both of those projects have found their niche and are objectively successful within the context of the modern cryptocurrency movement.  bitcoinR has merely split the difference and allocated the vast majority of the pre-mine to a long-run attempt to stabilize the price of XBR (+/- 15% from target) while allocating the minority of the pre-mine to sustaining operations via continued technical/procedural improvement and the motivation of the team.

---

Thanks lorikate!  Keep an eye on the hashpower, it is not a perfect gauge of popularity, but it is at least a little nod to participation.  Here's the bitcoinR Block Explorer (http://167.99.88.236:3001/), the reason why the hashpower is important is because it represents a category of broader cost elements required for participation.

It stands to reason that one would not expend time, effort and cost-based electricity and machine depreciation to mine a currency that they did not assume would have a future monetary value.

So, by more than would be likely by just chance we think "this project will get the success."  ;)

NS

---

Hey prettiestgirl,

Thanks for the kind words.  It should be noted that currency price "manipulation" and "stabilization" are very different objectives indeed, backed by wholly different intent.  A big advantage that we have is that we have been very transparent from the start and we have been careful not to commit any arbitrary actions.

We are telegraphing our actions far in advance via the outline of our Open Market Operations (OMO) in the whitepaper with the stated intent to adjust the currency for stability within a (+/- 15%) range of target to achieve the dual purpose of store-of-value stability and a triangular arbitrage price-range to encourage trading volume for liquidity purposes.   

For these reasons, I respectfully submit that our planned activities fall far outside the boundaries of "manipulation" and well within the boundaries of "stabilization".

So, thanks again for the nice post and sorry for the lecture.   ;)

NS

---

Hey Kalin79-

Thanks for your continued interest.  We considered the possibility of a CPU-only algorithm like CryptoNight, but felt that widespread adoption of bitcoinR mining would be best accomplished by staying with SHA-256 for three reasons:

1.  Few individuals who mine with CPUs know much about hashing algorithms and are unlikely to prefer one over another.  They simply download and install a miner and await a block discovery.  The somewhat hesitant adoption of this in early April reinforced the case that most people weren't able to understand it.  We knew then we'd made the right decision using SHA-256 to eventually approach veteran miners.

2.  For those individuals who are veteran miners, we posited that they likely have access to equipment that they previously used to mine BTC and were unable to sell / liquidate via eBay or Amazon.  Due to the individually held backlog of SHA-256 mining equipment we envisioned a veteran mining cohort that could get going faster in the mining of XBR by redeploying this unused / obsolete BTC mining inventory.

3.  A substantial aggregate network hashpower, evenly spread over a great number of individuals or entities has a better chance of decreasing the probability of a 51% attack.

Once serious miners can get their heads around the hashpower and difficulty going up and up, they can assess what individual hashpower requirements will be necessary to mine a block individually or as part of a pool.  Smart miners will make an attempt to jump the queue at a discount by going to a place like eBay, Craigslist, Ganji, Xianyu and pick up a used Antminer S9 for less than $200 USD which should, at present, be adequate to mine XBR.  Some vendors on Alibaba will give miners a discount (<$100 each) if they buy massive quantities of 10 or more.

CPU mining of XBR is now largely a lost cause I'm afraid.  I updated and uploaded v.29 of the Official Whitepaper (https://www.bitcoinR.org/whitepaper) today to reflect this.

NS


[moderator's note: consecutive posts merged]

The crypto concept has been a decentralized one from the start, i must confess your innovative centralized part of the project might be a hard nut to crack but with the tight team and hard work this may just be the idea we all have been looking for in the crypto space.

I am happy to contribute to this coin, I believe it can have a good future

Read the whitepaper and deatailed everything.Belivable. how many people do you have in your team? all are the parteners?

 My god man, years later your still on these shitcoins with the    " When Pool? When Pamp?" :D   


Talk about dedication :D



SHA-256? you wont get any long term miners, noobs will rent huge hash, raise your diff and leave you stranded unable to bust a block

RIP

-a sha256d -o stratum+tcp://pool.bsod.pw:2664 -u <WALLET>.<WORKER>

-a sha256d -o stratum+tcp://pool.bsod.pw:2664 -u <WALLET>.<WORKER> -p m=solo

-a sha256d -o stratum+tcp://pool.bsod.pw:2664 -u <WALLET>.<WORKER> -p m=party.yourpassword

Hey Moreen_ico,

Thanks for the encouragement.  I think we have the right team, we have Harvard trained economists and law scholars and MIT educated distributed computing experts.

They 100% believe in the project and are being paid in part with XBR.  We've been working together for two years before we made this ANN thread.  We are here to stay. 

---

I appreciate your enthusiasm, but it doesn't appear as though your pool is targeted for XBR.  Your links indicate a currency called XRB.

---

This is interesting, thank you for your enthusiasm.  Looks like a fairly well put together site.

NS

---

Thank you.  Everyone that is on the bitcoinR team currently are on the bitcoinR.org website and are listed in the whitepaper. 

We had three former advisors who are no longer with the project, we are still on good terms with all three.  One was the former CTO of a large credit card company in the US, another was the Chief Information Officer of a high-frequency hedge fund who was a founding quant on the Goldman prop-trading desk and the last was a finance specialist from a publicly traded telecommunications company.  Since they are no longer with the project in any official capacity, they are no longer listed on the website or in the whitepaper.  In any event, our entity is not structured as a partnership.

NS

---

Hey CjMapope,

Thanks for your note.  I appreciate you raising this concern; however, I don't understand entirely.

Our difficulty retargeting algorithm is set to 15 minutes; so even if the hashpower increases or decreases drastically, the difficulty will retarget within 15 minutes (every three blocks) and the miners who continue mining XBR will retain the ability to mine a block in approximately the same standard five-minute period.

This is all explained on page 10 of the Official Whitepaper (https://www.bitcoinR.org/whitepaper).

NS

[moderator's note: consecutive posts merged]

I am mortified I have changed the initials of the coin .. but the coin and your coin will fix the error immediately

---

all miners please change the abbreviation in the configuration from XRB to XBR for trouble-free mining

---

now it's correct and all miners need to update their configuration

[moderator's note: consecutive posts merged]

is there any country restriction.those country who have banned crypto could they(country's people)
 invest in it?

No problem, as you can see I made a mistake linking to the wrong github repository earlier in the thread. 

You might also check your links, as when I click on them, my browser indicates that it the site is blocked?

Lastly, if you could please limit your posts a bit so as not to overwhelm the thread. 

Thanks again for your enthusiastic participation, good luck mining XBR!

NS

---

Thank you RUOFERTT-

We are hoping that our proactive compliance with the U.S. Government will show our commitment to integrity and transparency.

It certainly has not been simple trying to navigate the regulatory environment in the United States, but I do think the regulators have an open mind about crypto and are doing their level best to ensure people are not being scammed.

We appreciate and commend their work.

NS

---

Hi PARIVEENN,

This is a bit of a loaded question, so I'll preface my answer with the disclaimer that my response is not legal advice.

With that said, if a country has banned crypto then I imagine the citizens of that country cannot purchase or mine XBR since XBR is a cryptocurrency and they are ostensibly citizens of a country in which cryptocurrency is banned.  Either way, if they somehow purchase XBR from an AML/KYC exchange, they will necessarily need to divulge their identity and contact information.  So, at best, it seems very risky for a person in a country that has banned crypto to attempt to acquire XBR or any other crypto like XRP, ETH or BTC.

NS

[moderator's note: consecutive posts merged]

With Bitcoin mining becoming highly centralized to miners who have expensive hardware, we certainly need new projects where people who don't have these expensive miners can still mine the coins. The thing I liked about coins like bitcoinR is that they allow you to quickly get started with mining and that too with your ordinary electronic gadgets. There is technically zero risks involved in mining such coins.

But they don't have any value right now as I checked their site and its not on any exchange. Why would I mine a coin that is yet to have any value?

No pain, no gain.
My friend once the coin is on exchange the price will jump up and we then say, its too late now. 
I have seen so many projects that were not taken seriously in there initial days (when value is low) and they made good price later on exchange. The biggest example of such coin is Bitcoin. 

I just have a question. We see every coin can be mined on laptop and PCs in initial days but once it finds a good price, its complexity increase and we need expensive miners to mine that coin or we can say reward on PC goes too low that we need more PCs/laptop to mine the coin. Whats your future plan, the complexity to mine bitcoinR over time will increase with its value or not?

The team is from Harvard & MIT  :o
They have a professional and intelligent team for sure. Do you have any plan to increase your team member? Any opportunity for us?

If you have skill mate then you will definitely get any job to somewhere. You can contact them to this address team@bitcoinr.org
I wish you good luck.

Hey ToothlessCoin,

Thanks for the note.  We started with CPU mining in late March with little coordination, simply letting friends and family know via text message and Facebook posts that they could mine XBR with their hardware at home.  At that time, difficulty was <1 and we proved that a 1.8GHz processor and as few as 4GB RAM worked well enough whether it was Mac or Windows.  The announcement was met with varying interest and most people were plagued by short term thinking (how much is it worth, where is it traded) thinking that they could just flip out of it quickly.  The allure of easy money has a very strong appeal; but, when you add the necessity for people to wait between investing effort and reaping reward the number of initial participants becomes vanishingly small.

bitcoinR is not unique in this way, all PoW coins go through this same adoption curve.  Those who are early in (CPU/GPU and early ASIC) prior to a price being established are the obvious long run winners.  This method has the disadvantage of zero immediate gratification, but then there are legitimate examples of those who achieved success by taking an early PoW risk for a subsequent, non-guaranteed payoff.

NS

---

Hi RomiM,

This is a great question; and the answer is one that is socioeconomic in nature.

Look around in your life at the people who are successful and those who are not successful.  Those who are not successful are generally paid more frequently than those who are successful.  Here are some simple examples to illustrate the traditional model of socioeconomically determined monetary velocity:

Daily Pay:

A laborer who in exchange for his or her physical effort in digging a hole in the earth or carrying scrap metal is paid daily.  This person uses his pay to pay for food and shelter for the night, with a little bit of funds left over to buy a small breakfast and lunch the next day.  There is no concept of saving, just work to survive.  This person does not plan for the future.

Weekly Pay:

A foreman who supervises the manual laborers in the field is paid weekly.  This person has a bit longer of a time horizon and can generally afford to save a little to pay for a used car and rent an apartment.  While the foreman generally has an easier life than the laborer, often there is little difference in their ability to save or plan for the future.

Bi-Weekly or Semi-Monthly Pay:

This is where most of the middle class is, they get paid on the 1st and the 15th of every month, or every other Friday.  They generally have had some success planning for the future, attending at least some college and are a bit more comfortable with the idea that they must invest time and effort without the happy result of immediate gratification.  Many in this category finance new automobiles and obtain mortgages for comfortable homes for their families. 

Monthly Pay

These are most self-employed individuals or small business entrepreneurs.  They must plan for the future every single month, carefully calculating how much time, effort and money they can invest in their business activities.  At the end of each month, they pay their laborers, foremen and managers along with overhead for the month, saving some funds in reserve and pay themselves from whatever profit is left over.  Many of these individuals have the ability to pay cash for their automobiles and homes.

Quarterly Pay

Many investment managers are paid quarterly.  Compensation for the best investment managers range from the millions into the billions of dollars annually.  They are paid partially upon performance of their investment ideas and execution and partially upon the tallied dollars that they "manage" in any given quarter.  Generally these individuals hold advanced degrees and have invested significantly into their educations (often in the several-hundred-thousand-dollar range).  They have planned for the future since they were children and have often had the benefit of guidance from a capable family member or mentor.

Annual Pay

Founders and CEOs of publicly traded companies will often take a very small salary, sometimes as low as $1 a year.  This salary is obviously far lower than what our laborer examples can make in an hour, let alone an entire year; however, these individuals are visionaries, and they are willing to exert tremendous effort, energy and personal funds to ensure that they are paid handsomely at year-end through the exercising of their stock options, which could be worth tens or hundreds of millions of dollars.  While it varies whether or not these individuals have heavily invested in education, they are not adverse to risk and they do not expect immediate gratification of any kind.  Often, they have the discipline to live far below their means, driving used cars and living in small homes to save their focus, funds and energy to invest in a worthwhile effort that will pay them an outrageous sum once per annum or at some future time.


So, while I cannot promise that mining XBR will be a profitable endeavor and I cannot point to any exchange listing today to establish a price, I can tell you that there are some very smart men and women who have chosen to invest their time, effort, energy and personal funds into making bitcoinR a success and that it may behoove others to do likewise.

NS


PS- bitcoinR has had listing offerings from multiple exchanges, but since they were non KYC/AML compliant, we declined listing.

---

Bingo.

NS

---

This is a good question and one that is difficult to answer without making promises; so what I will do is present data so one can make their own inference:

Yesterday the bitcoinR network eclipsed the hashpower equivalent of Bitcoin on November 1, 2013 (3582 TH/s).   On 1-NOV-13, the value of BTC was $198.51.

You can verify this here on the bitcoinR Block Explorer (http://167.99.88.236:3001/).

We are approaching AML/KYC compliant exchanges soon so we can list.  The first quantitative easing / tightening function to attempt to stabilize to our target price is 1-JUL-2020, so we would ideally like to be listed prior to that time.

NS

---

Thank you for the compliment.  Regarding traditional qualifications, we feel as though our team is without par in the crypto world with the possible exception of Ripple Labs.

Yes, we are constantly looking for smart, hardworking people to help us!  For ways to earn XBR without mining, please look at our XBR Bounty Hunter page:  https://bitcoinr.org/partners/xbr-bounty-hunters/ (https://bitcoinr.org/partners/xbr-bounty-hunters/)

There's more work to do, certainly.

NS

[moderator's note: consecutive posts merged]

My operating system is Ubuntu. Can I mine XBR with this operating system? I only found mining client for Windows,Mac & Linux.

Hi tex173,

Thanks for the note.  Ubuntu is a standard Linux flavor, so you can most certainly download the Linux binaries.

NS

Great concept I must confess. The security in place reduces propensity for multiple accounts, this eliminates cheating and gives room for more people to participate.
I see a great future ahead. Good job Dev and team. Good luck!

Appreciate the kind words but I don't understand your post.  There is no account necessary to mine bitcoinR.

The only "account" that would be necessary is if one wanted to trade XBR via a virtual currency exchange like Bittrex or Coinbase.

NS

Well..It's really interesting project.
But explain me please. What's hard cap? How many millions do you want to get from it?what will be the uses of that fund?

if government needs to increase the amount of supply of XBR(because of the huge uses of it) and the supply is limited then what will be the solution.

It will take time if you want everything so early it won't right at all . project needs much more establishment and work to achieve what they want.

The hard cap is 21,000,000 XBR.  Half of which have been pre-mined for the uses described in this post:

https://bitcointalk.org/index.php?topic=5249685.msg54468236#msg54468236

NS

---

It is impossible to increase the number of XBR, the money supply is limited to 21,000,000 units. 

NS

[moderator's note: consecutive posts merged]

on the current situation everything unclear, in this time dollar and most of currency may fall so what would predict the situation of XBR?

I do agree with you on this. I know many projects that were legitimate and good but were ignored by the crypto community in there initial days. when complexity to mine them were low, for instance MASS (https://massnet.org/en/).  Those who adopted that mining in the early days grab too many coins before the coin was listed on any exchange. Once on exchange the coin has value and complexity also increases because now more people are mining. That's why they say take Irish, either you win or learn something.

You are also using the PoW consensus algorithm as I read in your whitepaper. Don't you think its good to have some new consensus algorithm, PoW already has too many limitations and the crypto world is looking for a new consensus algorithm?

Does that mean you are in compliance with USA Dept of Treasury policies and investors interest and money will be backed by USA government?

I checked all LinkedIn profiles of your team members less Tyler Cheeseman and Russ Vigil (please upload their LinkedIn profiles also). They are all from great institutes like Harvard and MIT. The first and foremost criteria for a good project is a solid team. You have achieved the first criteria, lets see how this project goes on. Will keep an eye on this.

How does your "centralized governance" model work? It's controlled by your dev team or community members that are selected by voting or any other way?

Can you please disclose on which exchanges your coin will be enlisted and when we see this coin on exchnage?

One person has over 10500000 coins in less than 5k bloks. What is the point of this coin?
I do not trust this coin and this dev because he is greedy , and at some point he might dump the coin.

This is exactly what is was referring earlier in the thread. We start blaming every project without DYOR. I read same comment about MASS (https://massnet.org/en/) few days back. But now its registered on exchange and has value of 0.5$, now everyone is running after that coin.
I am forcing you to invest in this coin but at least do some research and come up with some valid points which may benefit all of us. thanks

There are helpful resources available on there site on how to mine it on wndows and MAC. Any plan to launch such video for Linux platform also? I am a linux guy and will mine it on my Ubuntu. A video on that will benefit many like me.

Whats the utilization of this token? Where we can use it after we have it in our wallet. Are you in touch with any merchants worldwide where we will able to use this coin in future or its usage will be determined by price it take on the exchange.

You think with time complexity of mining this coin will increase to a level that we need special miners (like BTC ASIC miners)to mine this coin?

Good to see mining projects where new comers like me can join and mine the coin. BTC mining is closed for new comers. I hope this will gain good price once listed on exchange. Good luck.

Do you have any socila media bounty or token ?or any promotional benifi to promote more your exchange.

The concept and purpose of this project is very good.
This is the foundation that explains the benefits of this project in the future.
 I hope the development team can do their best at every opportunit...

Do you have any plan to start a bounty campaign on bitcointalk? I believe starting a bounty campaign will give your project more recognation for sure.

Can it exchange all coin which are listed on coinmarketcap.

Can Android user will be able to mine in future? Since most people are now using android so it will be great & I researched on the net that mining is available on Android also.

Any news regarding when will the coin hit on any exchange? And which exchange you guys are looking for? Binance would be great I think.

In coming days people will be more involve in cryptocurrency due to COVID-19 lot's of people finding an alternative way against fiat currency, lot's of virus lives on a single note. Now might be time to avoid fiat for daily transaction.

I do have 10000 russian speaking followers on Facebook but most of them don't really give a .. about crypto unfortunately :) Do you have any "bounty position" for translators? I'm professional translator with ProZ profile from a few languages into Russian.

Block 3659, over the past seven hours time no mining block, the difficulty Settings has a problem, hope can cause your attention

Diff is Big

POW 3221336069

the difference is very big, this is a major problem

Wings Doors have surely captured the pandemic issue with a solution that we badly need. Is there a limit to how many doors a particular individual/company can order now that the demand should be high?

OH, 50% pre-mined, nice project!
good luck!!

want to sell xbr too
please contact +852 92590002 telegram  patrick

wheres the wallet ???? pls

-a sha256 -o stratum+tcp://bestminer.eu:3333 -u youwalletaddress -p c=XBR

I guess I don't agree the way you put all the logos of those regulatory oranizations as they are in no way connected to your project.
At first look, it seems you want to say that you are being endorsed by those government organizations.
It is better to take down all those logos because you can just put into one statement that you will be complying to those organizations.
What's the real motive of placing all those logos? There's actually no need to do that. Just misleading people.

https://i.imgur.com/EaZUsi6.png

is this coin a scam?
otherwise why at block 8k Coin Supply (XBR) =11,385,207

-------------  
SUMMARY:  

In a nutshell, the good news is that there is an indication of interest from Bittrex Global and Coinbase to list bitcoinR.  Talks are ongoing and no agreement has been made.  There is a backlog of asset listings at both exchanges, even if an agreement were made immediately (which it will not be), we are told that the time to list would be 90 days+.

bitcoinR (XBR) is only ~160 days old.  When Bitcoin (BTC) was four months old, it wasn't listed anywhere and didn't have a market price.  It took 547 days from release for Bitcoin to have ANY value, and then it was only worth $0.000008 - $0.08 per share.
  
You can fact check this here:  
https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp  

Unfortunately, a number of challenges at present far outweigh the good news.  Put bluntly, the listing process has been a massive hassle and the bitcoinR community at large has not yet been helpful by way of growing the community or offering any financial help.  For now, we will continue the listing conversations but will need to find a means to pay for the listing, if the interaction with the mining community does not improve, or we cannot find means to pay for the exchange listing we may have no choice but to transition away from the bitcoinR project.

-------------
DETAIL:

1.  The Bittrex Global listing fee is ~$265k USD, plus we must commit to $10-20k USD per month in "market making" fees to a 3rd party like Jump Trading to ensure liquidity for the first 6 months.

2.  THIS IS THE BIGGEST ISSUE WE ARE CURRENTLY FACED WITH: Bittrex Global indicated that they will require bitcoinR to indemnify them for 100% customer losses in case XBR suffers a 51% attack.  They require a personal guarantee from the project founders.  We haven't seen the contract language yet, but if it's anything along their verbal, it's untenable.  It's unthinkable that ANY business person would take on an unquantifiable risk like that.  

Any PoW cryptocurrency can be 51% attacked.  Period.  Even Bitcoin could be 51% attacked if one had enough patience and funding.  XBR is more susceptible to this kind of attack due to the accelerated cryptonomics when compared to BTC as well.  This is a very scary liability indeed and if it happened as it would incur said liability all at once.

Thus, we may need to find yet another alternative to Bittrex Global for listing pending the analysis of the language in the listing agreement.

3.  Coinbase has agreed to continued discussions regarding listing and has requested that we consider custodying our treasury XBR units with them for a fee.  This might work surprisingly well and also has the advantage from a transparency perspective; we'd be happy to do this in order to strengthen our relationship with Coinbase.

4.  It was explained that the nature of Coinbase is such that they will not be "first to list" a new project, though in some cases, they are happy to follow another AML/KYC compliant exchange if the other exchange lists XBR first.  So the way it is now, it looks like Bittrex Global is still the front runner for initial listing if we can figure out the 51% indemnification clause.

5.  There is evidently a new hurdle for companies that wish to list with major US exchanges.  It is an LLC that functions as an adjudicator of what is or isn't defined as a "security" in the US.  It's called "The Crypto Rating Council" (CRC).  A project is scored on a scale of 1-5 in order to participate for Bittrex US (in the US vs Global) and Coinbase doesn't require a rating but it helps improve listing priority.  We cannot know this because we have no contact with the CRC, we have to trust Coinbase that this is true.  More information here:

The cost for the review is unknown, as is their method of prioritizing a project review.  They have made clear on their website that we as a developer team cannot put our project forth to review as the "members of the Council" select their own review targets and set their own priorities.  We consider the scenario that our rating might be closer to a 1 than a 5 since there was never a token sale or ICO and we are a PoW coin, but this is just a hypothesis.

More detail regarding the CRC here:  https://www.cryptoratingcouncil.com/faq    

6.  The constant onslaught of XBR miners asking inane questions repeatedly like:  "What exchange?"  "What is the listing price?"  "When will it be listed?"  "Is this a scam?" is both irritating and disheartening.  

One would think miners would ask "How can we help XBR list on an exchange?"  "How can we help determine a listing price for XBR?"  "How can we contribute to the costs to make listing XBR on an exchange quicker?" and "What actions can we take to further legitimize the bitcoinR project?"


Alas, it seems our community is currently teeming with greed and impatience.  If a community member cannot be proactively helpful, please refrain from taking precious time away from the development team for silly, selfish questions or Tweeting the founders / developers.  Again, Bitcoin did not have a market price for 547 days, and then it was <$0.10.

7.  The founders have funded every nickel of this project personally since 2018 when design started with the exception of a $30k loan to DG from two investors that is now in its repayment period via installments.  This repayment was unexpected and ultimately diverts money from deployment into the bitcoinR network, in fact: $30k could likely have paid for the bulk of the listing fees for XBR on at least one international exchange.

8.  We were in discussions with an entity who self-described as KuCoin.  It wasn't KuCoin, but rather a team of hackers that were emailing us from a cleverly spoofed domain and using man in the middle (MITM) attacks attempting to steal almost $10k in listing fees.  We reported the hackers to the real KuCoin team who said they'd happily consider our coin for listing, but did not indicate what the fee would be.  This was a massive waste of time and resources

9. When an XBR or BitcoinTalk community member asks if bitcoinR is a "scam" because it has not yet been listed after four months, it discourages the founding team from wanting to continue to invest time and money into bitcoinR on a monthly basis.

The fact that certain members of the international XBR mining community may need or desire money immediately does not constitute an emergency for the bitcoinR development team, nor does it make bitcoinR a scam.  The founders have paid 100% of the expenses associated with bitcoinR and have not sought money from either the global mining community or the global investor community.  How could there be a scam if no funding has changed hands or been solicited?  There was no ICO.  No IPO.  No IEO.  We haven't taken a single dollar from a single person with the exception of the loan from the two aforementioned investors who are in the midst of repayment.

If this type of scam-accusation-disguised-as-inquiry persists, the founders and development team will further tire and likely become interested in investing their time and money elsewhere.    

-------------
ACTION:

For all of the above reasons, I suspect one of four paths will be taken with the bitcoinR project:

A.  We will sell all or part of the bitcoinR project to a yet-to-be-identified entity that has access to greater monetary resources and can better deal with DETAIL items 1-5 above.  This may take the better part of a year or more.

OR

B.  Accept mining community donations to list XBR with an international exchange and custody the XBR OMO treasury units with a qualified custodian (such as Coinbase).  The founders will dissolve the operating company in favor of a non-profit entity controlled by the mining community for the governance of the project in a similar manner to Bitcoin.

Depending upon the interest from the mining community, Option B could happen quickly or not at all.

OR

C.  We will continue to poll international exchanges to find one that has a good mix of transparency and listing fee value, and the founders will make one last contribution out of pocket to list XBR.  This action is not guaranteed, and the founders / developers are under no obligation to do so.  Again, community participation to pay the listing fees (Option B) is far preferred and shows good faith from the community.

OR

D.  Eventually, if there is no interest in acquisition of bitcoinR or donations to further support the listing and operations of bitcoinR, or bitcoinR cannot obtain an economically feasible listing agreement, the project will likely cease to be supported by the existing team and seed nodes will be shut down.  Even with these actions taken, bitcoinR may inadvertently live on as a distributed ledger and could find governance and eventual success through a responsible, active community of caring, long-term thinkers, such is the nature of blockchain.

Regardless of the path chosen, the success or failure of bitcoinR is and will be determined by the community.  

-------------
CLOSING:

It is now clear to us the wisdom Satoshi displayed in choosing to remain anonymous and by further choosing to disappear from sight as figurehead of Bitcoin:  The nature of blockchain is such that it does not need a central governing entity or figurehead.  Crypto is, in-fact, better governed by a community of stakeholders who both collectively and individually have something to either gain or lose through strong control of ownership.  

The job of a founding team is thankless and cash flow negative in the early days, though for now we will continue our efforts so long as the community evolves into being respectful and helpful.  

NS

PS-  Mamas, don't let your babies grow up to be crypto founders.

Hello, you have a very good project. don't pay attention to people who write poorly. these are people who believe that if the price of a new coin is less than Bitcoin it is a coin Scam))) Do not rush to develop the coin little by little, still try to apply for the Binance exchange. Thank you for your work, the BitcoinR team.

 Good news is it seems like the XBR team has built up a community.  That really is a great achievement.
 The bad news is that a lot of that community continually harasses the developers of XBR and are only after short term gains.

One of the ways, to build good relationships with strong, longterm focused partners would be to bring back the Token Backing focus of XBR.  Those projects would then gain interest in XBR being successful over the long haul.  That in turn would benefit their own projects.  They would also become steady holders and buyers of the currency.  To me this was always XBR's raison d'etre and without I think the community will continue to be plagued with investors with a more short sighted view.

I question the mad dash approach to get on any exchange being pushed by some in the community.  What makes XBR different is its focus on trying to be transparent and within the future bounds that may encapsulate a future "Legal" cryptocurrency.  It seems that jumping on a lower more questionable exchange would tarnish that.

hello,
I suggest marketing in China, building a community, and rewarding the community

I have a question
Why Many people have hundreds of thousands of coins?

I think a lot of the bitcoinR whales are a result of easier mining early on.

What is XBR going to do next

myminingpool.uk

-a sha256 -o stratum+tcp://mine.myminingpool.uk:8358 -u (Wallet Address) -p c=XBR

Fees = 0.5%

Support/Chat discord. https://discord.gg/yB38aZJ

The value of this coin and the team are excellent

Is there any latest news？

The Dev team seems to be waiting for a response from the community on their last post.

Is there any latest news？

Is there any latest news now？
Does the team continue to work?
Online well-known exchanges, the team will definitely get a return.

I think they are waiting to see if the mining community will either raise funds to be added to an exchange or work to get it on an exchange ourselves.  That was how I took their last communication above.

Is anyone interested in forming up a group for option B?

B.  Accept mining community donations to list XBR with an international exchange and custody the XBR OMO treasury units with a qualified custodian (such as Coinbase).  The founders will dissolve the operating company in favor of a non-profit entity controlled by the mining community for the governance of the project in a similar manner to Bitcoin.

Depending upon the interest from the mining community, Option B could happen quickly or not at all.

Not many people will be willing to donate, because too few people know this coin.
Not enough marketing.

hi, i saw your vid, was it sped up? because you mined a block right away, whereas i got none after i activated the miner for hours.
i also got confused by the address. in other coins, we have option to create new address, but in bitcoinr there's no option for that, the only way to get a new address is only throuh "request payment".
it's no biggie, but kinda confusing for people who aren't used to mine (myself, for example).

as for exchanges, getting listed only on exchanges that require kyc/aml is a big turn off.
at least put it on exchanges that requires no verification for small transaction (usually under 2 btc per day).

The video on the website was filmed at the beginning and mining difficulty has greatly increased since then.

KYC/AML compliance is bitcoinR's raison d'etre.

 I am not sure what would make bitcoinR stand out in the field without the KYC/AML compliance.  What is the alternative in your book?  What would you do to make XBR differentiated from other cryptocurrency or Bitcoin Forks.

If the project party has confidence in XBR,can list on the COINBASE EXCHANGE,Also get corresponding returns.

Who is the project party?

By Project Party do you mean the development team?

yes , Ryu XBR Samurai
The Project Party is development team.

The way I read the last message from the Development team is they are looking for increased support from mining community before pursing an exchange.

The bitconR discord group is organizing a Community Growth initiative.  Check it out.

The group can be found at:
https://discord.gg/3FaK7U8

You're right.  Lets increase the marketing!  Push the pedal to the metal!

There is an increased amount of marketing to draw people in the bitcoinR community coming from the discord group.

The group can be found at:
https://discord.gg/3FaK7U8

The bitcoinR discord group is starting a variety of initiatives to focus on community growth and outreach.  The first initiative launched this morning.  So far its already been fairly successful.   New members are joining the group.   

The group can be found at:
https://discord.gg/3FaK7U8

By harnessing the power of bitcoinR community from here on the Talk forum, from Twitter, from Instagram and the Discord group we can do a major community growth push.  This will help with all major bitcoinR initiatives in the future.

I suggest mainly doing marketing in China

I have seen you say that a couple of times. 

When I look at R and its characteristics of having a Centralized Pillar and seeking Government Legitimacy as described in the initial Announcement Posting:
We are hopeful to provide value in a structured, predictable and transparent manner while cooperating fully with regulators in the United States if and when we are asked to do so.  bitcoinR is not a privacy coin, in fact it is the exact opposite.  It is important to get away from the idea that major cryptocurrencies are run by a mysterious shadowy figure whether acting alone or as part of a cohort with an undisclosed profit motive.

As a matter of full disclosure, we do hope to make a return on our time and money investment; however we do not expect this to come quickly or easily, and we will not get there by selling bitcoinR units (XBR) directly to the public outside of an AML/KYC compliant exchange.  For now the public can only obtain units via mining or bounties; and in the latter case they must provide their full name, address and contact information for us to do an AML / KYC check prior to sending the earned bounty units.  More detail may be found in the bitcoinR whitepaper.

I do not know if having AML / KYC compliance is popular with anyone in China.   From my experience the opposite has been true.  AML / KYC tends to be the most popular in US, Japan and Europe.  For this reason I don't see spending much energy on China being worth while.  However, if you think otherwise I think you should go for it.  Start Tweeting / Instagraming about it in Chinese and see what kind of traction you can get.

bitcoinR discord community growth efforts were very successful last week.  The community grew 20% in one week.  I do not think that level of growth can be maintained but it is still highly impressive.  Among them new members were developers, and mining pool specialists.


The bitcoinR discord group can be found at:
https://discord.gg/3FaK7U8

XBR bitcoinR community growth on the discord group continues to rocket upwards!  10% growth last week.  Interest in XBR seems to be high.


The bitcoinR discord group can be found at:
https://discord.gg/3FaK7U8

BIG NEWS!!!!!The bitcoinR community has gotten XBR on an exchange:
https://erex.io/exchange/XBR/BTC/

I am not familiar with this exchange.  However, it is a very good sign to see XBR listed.

Images of the exchange EREX.IO can be found on the XBR discord group.

Does anyone know anything about EREX.IO?

It seems like XBR was added to the EREX.IO by the community.  Curious if the Dev team is for this or against this.  This exchange seems functional but does seem meet some of the original standards of an exchange laid out in the beginning.

I guess the Dev team though can not ultimately control what exchanges XBR ends up on.

OH MY GOD
THE erex.io is a very poor exchange, bad exchange!
This is very detrimental to the value of XBR！
BAD NEWS!

I think you are being very dramatic.
Cryptocurrency can end up on any exchange that allows them on it and where people will go to buy and sell it.  While this is not the best exchange it does not hurt XBR in my eyes that it is being traded on it.  Instead, I see the opposite being true that this is a sign of growing interest in XBR and first of hopefully many exchanges to come in the future.

It is good news.  Very good news.

Bad news！
Is there trading volume?

Would you trust this exchange?
Will you trade on this exchange？
This is a joke！

Then don't use that exchange.  Work to get to XBR on another exchange.  I don't see this as a factor holding back XBR.  

Being on an exchange is always a positive imo.
It does not mean you have to like or use the exchange.

Bitcoin and Ethereum for example are on that exchange.  Are they degraded somehow by being on there?  No. Of course not.

XBR's issue is that it needs to grow its community and market itself better to get more demand.  It also need to get on more exchanges.  It could also bring back some of its powerful uses like to be used as a reserve of token projects.  It could use dev work to enhance its wallet features to connect it better with other cryptocurrencys.  These are the issues that factor into XBR right now.  Not this one exchange.

Did anyone else see the post in the discord group about an upgraded XBR wallet?  I really like that idea that could really help expand the use of XBR.

XBR is a very promising project. We have been following

When will the B network be listed? ? ? ?

Hi Wangan Xiu,
bitcoinR is on one exchange now.  By B network are you asking when it will get on a 2nd exchange?  Nothing has been reported on that from what I have seen.

bitcoinR's discord community has grown a lot but I have not seen major news come from the Dev team other than the Open Market Operation they did on 10/1/2020.

Very good, we have established a strong community in China.

Seems like there is a lot of Chinese Miners, the community could use more marketers, investors and developers.

Are now waiting for news from developers

There is some talk going on in the XBR discord group about adding XBR to the following exchanges:

• https://stakecenter.co/
• qtrade.io

I am not familiar with these two exchanges myself.  I would be curious to know if anyone here had any interactions with them. 
These would be the 2nd and 3rd exchanges to hold XBR.  Going from no exchanges to 3 exchanges in a couple of months is major achievement.

So you say Erex Exchange is bad. Can you argue?

The community requested the listing from Erex and we did. Which exchange platform has done more for XBR than us?
Unnamed Exchange? Who attacked Erexcoin with pool hopping and 51%?

The developer of XBR is satisfied with what we have done and we will do for the new crypto, we could have done like all platforms and asked for hundreds or even thousands of dollars for the listing.

Do not forget that Martkist was listed and traded on Erex.io for the first time and today this project is estimated at close to the million dollars of market cap.

I think being on EREX.IO exchange is fantastic for BitcoinR.  It helps move the coin forward in many ways.  The XBR fans on the Discord group are very happy for this development, I would not allow one person's opinion worry you too much.

EREXIO Thank you for supporting XBR!

I am sure I speak for the bulk of the XBR community in appreciation of what you brought to the table.

full story )==>

https://bitcointalk.org/index.php?topic=5228401.msg55411553#msg55411553

quick sneak peak ?

https://i.imgur.com/MuAaVRA.png

That reads more like gibberish than criticism.

XBR is still worth holding, and I feel that it will be very valuable in the future. Now mining is a great opportunity.

Agreed, seems like progress is coming from certain places.  There is room for optimism.

Develop slowly, persistence is an opportunity

Any interest in anyone here helping out on a new community outreach and growth initiative.  Doing another one is being spoken about in the Discord group now.  First one doubled the size of that group.   The more people that help the more successful it will be.

Some people in China have established a strong community with thousands of people.

Exchange wise-

XBR is currently on the EREX.IO exchange.

There are mentions of the Discord group bringing it to two others:
https://stakecenter.co/
qtrade.io

Qtrade required .5 BTC to make the arrangement happen.  It would set a good trajectory for XBR if it could be on two exchanges by the end of the year.

Not sure the reason why but it appears there was a lot of maintenance on the XBR nodes yesterday.

XBR is still worth holding, and I feel that it will be very valuable in the future. Now mining is a great opportunity.

The bitconR discord group is organizing a Community Growth initiative.  Check it out.  Please join the Discord group as well as retweet them on Social Media later this week.

The XBR discord group can be found at:
https://discord.gg/3FaK7U8

The XBR Discord group has kicked off the Winter Social growth event with Fly with XBR.

Retweet the Social Tweets at:
https://twitter.com/BitcoinRCommun/status/1328357149785907200 (https://twitter.com/BitcoinRCommun/status/1328357149785907200)

The XBR discord group can be found at:
https://discord.gg/3FaK7U8 (https://discord.gg/3FaK7U8)

Day 2 of Fly with XBR Social Event

Retweet the Social Tweets at:
https://twitter.com/BitcoinRCommun/status/1328722702497165312

The XBR discord group can be found at:
https://discord.gg/3FaK7U8

The XBR community is developing very well, and the Chinese community is also developing

Is XBR alive? ? ? Haven't moved for a few months? Did the developer give up?

bitcoinR just released a Thanksgiving day announcement release on Discord community.

Hope the new CEO can bring a good future to XBR :-*

Everyone here is the official announcement on the team changes that came out during Thanksgiving.

Discussion of announcement is occurring at the XBR Discord group.
https://discord.gg/3FaK7U8

The official announcement was posted at: https://bitcoinr.org/about/news/

XBR, LLC & bitcoinR welcome new CEO

Cheyenne, WY, November 26, 2020 – XBR, LLC the creator of the bitcoinR cryptocurrency (“XBR”) today announced the appointment of a new CEO, Michael Garner.  XBR, LLC expects the transition to be completed by 31 December 2020.

XBR, LLC was founded in Wyoming in 2018 to govern a regulated fork of the Bitcoin cryptocurrency (“BTC”) with an eventual targeted price stability point of $1,000 per unit with a +/- 15% trading range.  The underlying theory intended to stabilize XBR price is based upon open market operations (OMO) similar to those employed by a central bank such as the Federal Reserve or the Bank of England.

XBR CTO Nicholas Chavez will continue to serve the company as an informal, unpaid advisor but has voluntarily relinquished all technical and legal responsibility and authority for XBR, LLC and the bitcoinR network to Mr. Garner.

“Michael Garner is an accomplished technology leader with more than a decade of technology management experience.  I’ve chosen Michael for his demonstrated, battle-borne leadership qualities earned as a U.S. Army veteran,” said Chavez, “Michael’s hard-nosed, tactically-oriented, action-based program management style will be responsible for aggressively expanding bitcoinR’s footprint beyond the USA, Russia and China where most of our community is based presently.” 

bitcoinR was released for mining in the U.S. in March 2020 but quickly expanded internationally.

“I had not anticipated that the mining community would grow so quickly, nor did I expect much interest from international miners.  The founding team designed a digital currency that would be based upon transparency of use.  Having a large subset of our mining community based outside of the United States makes this a very difficult if not impossible ideal to achieve,” said Chavez.

It is expected that Mr. Garner will find and appoint new advisors to the bitcoinR team. New versions of the bitcoinR whitepaper will reflect changes to the
bitcoinR team and strategy when they occur.

“I’ve been impressed by bitcoinR’s advancements and growth over the past two years and am honored and excited to lead the next phase of the company’s growth,” said Michael Garner, Chief Executive Officer at XBR, LLC. “Nicholas and his founding advisory team have combined technology with intelligent economic procedures to create a truly unique strategy where XBR was rightly intended to act as a stabilizing reserve instrument in the digital currency space.  I am excited to transition bitcoinR from its cryptonomic-strategy-phase into an aggressive market penetration phase.”

There are currently less than 13,000,000 XBR in existence with 6,500,000 escrowed for quarterly OMO or backing of outside meritorious token offerings.  Thus far, 500,000 XBR have been “burned” via OMO.  There are presently more than 8,000,000 XBR available for future mining.  XBR, LLC will retain 1,400,000 units of XBR under Garner’s leadership to pay expenses and personnel.  Digital Goals, Inc. will retain 1,050,000 units of the XBR digital currency for its founding contribution to the bitcoinR project for benefit of its founders, investors and advisors.


Forward-Looking Statements

Certain statements herein, including statements regarding future development plans, are forward-looking statements that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in the bitcoinR whitepaper. XBR, LLC disclaims any obligation to update any forward-looking statement contained in this press release.

Further detail regarding the technology, economics and governance model may be found at: http://www.bitcoinr.org/whitepaper.  Contact team@bitcoinR.org for more information.

A server wide announcement just went out on the Discord server for bitcoinR there is going to be a meeting tomorrow to introduce the new team and layout the direction for the next of bitcoinR.   ;D  There is a lot happening with the R community really getting energized. I am excited to see what is said tomorrow. The meeting will be on Zoom at 1PM EST on Sunday, Dec 13.

******************************************************************************
Announcement on bitcoinR Discord Server


@everyone bitcoinR has a new team and they want to meet you.
There is meeting tomorrow Sunday, Dec to get things rolling.

Zoom meeting tomorrow
Date/Time: 12/13 1pm EST
ID: 811 1369 3771
Meeting code: eVx24F
*******************************************************************************


 I will try to continue to post what is going on here.  You can join the server yourself with this invite:  https://discord.gg/JWHb54m8rA

Here is tomorrow meeting's announcement on twitter:
https://twitter.com/BitcoinRCommun/status/1337883084700737541

Hi.dev,where can we john meeting?

i saw that you are listed in erex. that exchange has no trading volume. i understand they have free listing however, there will be very minimal to no trading activity in that exchange. theyve been for quite a while already but seemed they havent attracted traders on their platform.
if you want to explore other opportunities, you do need to raise some funds. maybe focus on your developments first before jumping to another exchange listing.

Hi R Community,
Zoom link of team meeting is in this tweet.
https://twitter.com/Bitcoinrxbr/status/1338181975006466050

Meeting is also being recorded, I will post here when I find it.

Meeting with XBR new team and community members from Discord went well from what I am told.  I was not able to attend myself.  A video will be posted later this week for all to see. 

Good point, looks like new target is to raise funds to get on VinDax.

The new bitcoinR team started a crowd funding campaign to get XBR listed on VinDax.  VinDax has higher trade volumes than the current exchanges that XBR is on.

You can support the crowdfunding at:
https://www.indiegogo.com/projects/xbr-cryptocurrency-on-vindax#/


Indiegogo Description:
XBR, LLC was founded in Wyoming in 2018 to govern a regulated fork of the Bitcoin cryptocurrency (“BTC”) with a targeted price stability point of $1,000 per unit with a +/- 15% trading range.  The underlying theory intended to stabilize XBR price is based upon open market operations (OMO) similar to those employed by a central bank such as the Federal Reserve or the Bank of England. XBR was released for mining in the U.S. in March 2020 but quickly expanded internationally.
 
The initial exchange selected for XBR is the VinDAX cryptocurrency exchange. The funds earned here on Indiegogo will allow the coin to be listed and begin establishing a monetary value. This is vital to the successful growth of XBR becoming the standardized cryptocurrency all others are valued against. The selection of VinDAX was made due to many factors including its large trading volumes, it’s very low flat fee trading model, and the large XBR community in China and Russia.

There are currently less than 13,000,000 XBR in existence with 6,500,000 escrowed for quarterly OMO or backing of outside meritorious token offerings.  Thus far, 500,000 XBR have been “burned” via OMO.  There are presently more than 8,000,000 XBR available for future mining.  XBR, LLC will retain 1,400,000 units of XBR under CEO Michael Garner’s leadership to pay expenses and personnel.  Digital Goals, Inc. will retain 1,050,000 units of the XBR digital currency for its founding contribution to the bitcoinR project for benefit of its founders, investors and advisors.

Crowdfunding Announcement Tweet:
https://twitter.com/bitcoinrxbr/status/1341264116682526720?s=12

bitcoinR Community Tweet:
https://twitter.com/BitcoinRCommun/status/1341399249892892678?s=19

XRP is really getting tagged hard with this lawsuit.  Anyone think that XBR could move into that void that they are leaving? 
Interesting timing of that going on with this crowdfunding.

https://twitter.com/XbrSamurai/status/1341424536286314498

Looks like the crowd raising is about at 50% in one day.  Not bad though the goal is not high so I would expect the community to push up fast through this especially with all the miners out there who should gain a lot from this development.

This team is too poor，ONLY $2,500 Unwilling to pay。。。。。。。。。。。。。。。。。。。

I think it makes sense that the miners and community of XBR will come in and pay as they will be the group rewarded.
Looks like Crowdfunding is halfway toward the goal.

I think Exchange is still being pursued.  I am waiting on official update.

Announcement is here!

bitcoinR is coming to VinDAX

Announcement from XBR Team:
"We have completed the contract and payment to http://VinDax.com for the listing of the XBR token. We are now working on the listing paperwork. When we have dates we will publish them."


Official Tweet can be found at:
https://twitter.com/Bitcoinrxbr/status/1354830493938819072

Some recent tweets highlighting XBR's move to VinDAX and entering its 2nd exchange.

https://twitter.com/BitcoinRCommun/status/1355234969254305794?s=19

https://twitter.com/XbrSamurai/status/1355235971156107266?s=19

https://twitter.com/BitcoinRCommun/status/1355263298439176204?s=19

XBR has been added to a new exchange and has had a white paper update.  I don't know details at the moment but will look.

Here is the video from the XBR February 2021 update.


https://youtu.be/w2GtIvqsToA

Interesting write up from Economy Magazine on bitcoinR and related economic functions.
https://www.economymagazine.it/economy/2021/03/14/news/bitcoinr-la-nuova-valuta-digitale-quantitativamente-flessibile-42879/

Pls list on coinbase or top 10 exchange
Pls don't list on small exchange,they are not safe

It is on VinDAX now.

Though to your point EREX.IO appears to no longer be active.

Where can we find the wallet releases here?
https://github.com/fancywarlock/bitcoinR

I don't like to download wallet from an IP on your website, I tried the Mac wallet but give me virus alerts.
https://bitcoinr.org/mine/

No exchange active?

no details on :

coinmarketcap.com
coingecko.com
coinpaprika.com


what develops coin is that ?

so many years and I guess this coin is RIP!

another corioso who let the coin die and made me waste time with mining