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Title: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: masayoshi.kobayashi on July 14, 2023, 08:11:04 AM Bitnet: A Peer-to-Peer Programmable Money Network
Masayoshi Kobayashi masayoshikob@gmail.com www.bitnet.money I've been working on the creation of a decentralised network protocol to resolve ideological issues I have against all programmable money networks in existence and their inherent centralisation issues that, in my opinion, disallows them to be used in the formation of the new global financial system. I am not looking for anything but to share my idea with you, and if you deem it valid, if you could keep a node running that accepts incoming connections, you'll really be helping the network a lot. I'm calling it Bitnet, and I have posted a brief paper (https://bitnet.money/d/bitnet.pdf) with my thoughts on the website (https://bitnet.money/). You can read the abstract below: Quote Peer-to-peer networks based on blockchain technology made possible for value to be transferred from one individual to another without the need for an intermediary financial institution, enabling self-custody and full control of funds by the individual participants of such networks. The evolution of the technology started with the launch of Bitcoin in 2009 with a further breakthrough being achieved by Ethereum in 2015 with the introduction of smart contracts, making money highly programmable, enabling the tokenisation of value through fungible and non-fungible assets, and more. Bitcoin’s original intent was to serve as a decentralised medium of exchange, but for reasons we will elaborate further in this paper, it has failed in its core mission, and instead converged into what could be compared to a digital version of gold, or a decentralised digital store of value. Ethereum on the other hand, enables the implementation of more adequate payment technology but fails in being sufficiently decentralised, with more than half of its current supply in circulation (around 70M out of 120M, at the time of writing) being pre-mined, creating an uneven and unfair distribution of the circulating supply of ETH, which is added to the fact it has now migrated from what is seen as an efficient and truly decentralised consensus mechanism, PoW, to an unproven and somewhat fragile PoS consensus mechanism, further favouring big holders at the expense of newcomers. It also has an appointed CEO and a very centralised and concentrated core development team, that hold the de facto power to decide on the implementation of improvement proposals that could drive price, adoption, and the distribution of ETH, making such currency resemblant of a security more than what should be a properly decentralised means of exchange. Bitnet aims to solve these issues by conceiving a PoW implementation of Ethereum to run in parallel with Bitcoin and serve as a truly decentralised vehicle for programmable money, with a built-in monetary policy that favours its usage as a means of exchange rather than a store of value, with a predictable and hardcoded supply creation mechanism that allows for a healthy supply growth over time to foster economic expansion, true decentralisation, and fairness. What is Bitnet? Bitnet is a decentralized technology that powers programmable money. Much like Bitcoin, users can make use of the protocol to generate, send, and receive Bitnets among themselves, and like Ethereum, it is also compatible with smart contracts and can be used to develop complex subprotocols that can power programmable money, digital assets, non-fungibles, decentralized autonomous organizations and more. It has no pre-mined supply, and for a while after the launch, anyone with a regular PC will be able to setup a node, mine, and generate Bitnets. By doing that you will help securing the network and keeping it decentralized. Bitnet can be used with any EVM-compatible wallet, including MetaMask. Download (https://github.com/BitnetMoney/bitnet/releases) Bitnet Client comes with an integrated miner and you can use it to mine both with your CPU and your GPU. Visit Website: https://bitnet.money/ Join the Conversation: https://bitnet.money/forum Join the Discord: https://discord.gg/dtw7rKQfRs Join Telegram: https://t.me/Bitnet_Official_Group Read the Paper: https://bitnet.money/d/bitnet.pdf Explorer 1: http://expedition.bitnet.money:3000/ (thanks hashmi9887) Explorer 2: https://btnscan.com/ (thanks krugzetag, superstar) Mining Pools: https://bitnet.money/mining-pools/ Compatible Wallets: https://bitnet.money/wallets/ Exchanges: https://bitnet.money/buy/ Follow the progress on Github (https://github.com/BitnetMoney/) or send me an email (http://mailto:masayoshikob@gmail.com) if you have any questions or want to contribute. Bitnet is open source software, distributed under the LGPL-3.0 license. Title: Re: Bitnet Post by: Janu Hyder on July 14, 2023, 03:16:48 PM any discord
pool explorer plan exchange Title: Re: Bitnet Post by: masayoshi.kobayashi on July 14, 2023, 07:16:01 PM any discord pool explorer plan exchange Hi Janu, I've published the pre-release yesterday, so it is still quite early days. There's apparently a lot of hash already going into the network, and hopefully we will be able to front up a community to create a discord server (among other socials), an explorer, and the pool will be needed too. As for the exchanges, I envision that if enough people is attracted to the network and the project, there should be an organic interest from them to list Bitnet for trade. Title: Re: Bitnet Post by: ReversedOne on July 14, 2023, 07:19:59 PM Pool is already there from what I see is a bad idea to set ethash based coin without a pool at start :D
2GH diff is not from Gpus I think Title: Re: Bitnet Post by: masayoshi.kobayashi on July 14, 2023, 07:32:39 PM Pool is already there from what I see is a bad idea to set ethash based coin without a pool at start :D 2GH diff is not from Gpus I think I believe it's all cpu mining thus far. I've just released the code unpretentiously, but I believe that that's how decentralised infrastructure should develop, and that's part of the ethos of it all. I'm surprised with the amount of participants though, since it has been released only 13 hours ago. Title: Re: Bitnet Post by: jason_fifa on July 14, 2023, 08:47:15 PM When I run command " sudo ./bitnet.node.sh ",
it return error "Starting node... invalid command: "bitnet.db". Title: Re: Bitnet Post by: masayoshi.kobayashi on July 14, 2023, 09:17:34 PM When I run command " sudo ./bitnet.node.sh ", it return error "Starting node... invalid command: "bitnet.db". Have you ran Code: sudo chmod 755 bitnet.node.sh If it still doesn't work, try bypassing the script, starting the node with flags instead. Eg.: Code: sudo bitnet --datadir bitnet.db --networkid 210 --miner.etherbase YOURWALLET --config .config Tell me if it works. Title: Re: Bitnet Post by: masayoshi.kobayashi on July 14, 2023, 09:36:54 PM create Discord. nothing is clear, but very interesting Hi vitik, I'm sure it will be created at some point, but I was hopeful that it would be by someone in the community. I'm happy to join, answer and participate, just don't have the time to manage it. Between the paper, website, and github there's a lot of info, but feel free to ask anything you find isn't clear here and I'll respond promptly. Title: Re: Bitnet Post by: masayoshi.kobayashi on July 14, 2023, 09:45:42 PM create Discord. nothing is clear, but very interesting There's a forum that i forgot to mention https://bitnet.money/forum/ Title: Re: Bitnet Post by: masayoshi.kobayashi on July 14, 2023, 09:51:57 PM create Discord. nothing is clear, but very interesting There's a forum that i forgot to mention https://bitnet.money/forum/ I replied before seeing your latest post. The client should connect automatically to the preloaded peers, so you don't really need to do anything in that regard to start with, and surely could/should connect to more peers as you go. I will be releasing a list of enode addresses for miners to connect to in the forum later on today, all from community nodes. There's a guide on github on how to mine https://github.com/masayoshikob/bitnet#generating-bitnets-via-mining and if you're on Windows it is as simple as setting your wallet address, executing the `Bitnet.cmd` batchfile script, and enabling mining via the console - you can open it by running `BitnetConsole.cmd`. Sorry if it is confusing. Could you please let me know what suggestions would you have so I can make it clearer for newcomers? Title: Re: Bitnet Post by: masayoshi.kobayashi on July 14, 2023, 10:05:10 PM restart looking for peers peercount=0 only these lines run What the software will do before it enables your mining is to sync with the network, create the dag tree, and then your hash input will start from the block where your node synced and the dag was created. A discord server will come in due course. it has been less than 24h since the pre-release code was published, so there's a lot we need to do still. In what OS are you? Title: Re: Bitnet Post by: masayoshi.kobayashi on July 14, 2023, 10:11:22 PM restart looking for peers peercount=0 only these lines run You can add me on discord if you want masayoshikob#7106 I can't reply here with less than 6 minutes apart posts. Title: Re: Bitnet Post by: masayoshi.kobayashi on July 14, 2023, 10:26:01 PM You can add me on discord if you want masayoshikob#7106 I can't reply here with less than 6 minutes apart posts. https://discord.gg/dtw7rKQfRs join there then Title: Re: Bitnet Post by: ocean1223 on July 15, 2023, 03:27:20 PM Created an unofficial bitnet explorer: http://107.151.240.190:3000/ .
Title: Re: Bitnet Post by: masayoshi.kobayashi on July 16, 2023, 07:37:54 AM Mining Pool: https://btn.coin-miners.info/
Explorer 1: http://107.151.240.190:3000/ Explorer 2: https://explorer.bitnet.money/ Title: Re: Bitnet Post by: masayoshi.kobayashi on July 17, 2023, 07:09:03 PM a telegram group was created by one of our community members, please join the conversation there https://t.me/Bitnet_Official_Group
Title: Re: Bitnet Post by: shell32 on July 19, 2023, 08:23:30 AM Bitnet: A Peer-to-Peer Programmable Money Network The name Bitnet already has an owner - bitnet-io(dot)orgMasayoshi Kobayashi masayoshikob@gmail.com www.bitnet.money BTN abbreviation already has an owner - bitcoinnova(dot)org With this approach, what did you expect from your Title: Re: Bitnet Post by: unnamed0simple on July 22, 2023, 09:55:16 AM Total Supply = ∞?
Title: Re: Bitnet Post by: rafxyz on July 23, 2023, 10:00:17 AM Total Supply = ∞? Yes, the supply is infinite Title: Re: Bitnet Post by: bynitomomer on July 28, 2023, 11:06:40 AM exchange https://safe.trade/trading/btnusdt its victim exchange? Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: madogss on July 31, 2023, 02:01:24 AM I don't know why but I like this project the name is simple and it combines what we like about Bitcoin and Ethereum together while letting anybody with a computer mine it using ethash. not a problem but when I think bitnet I think decentralized internet or anonymous internet but unlike others everyone uses it like google. bitnet reminds me of a futuristic movie when I hear it.
Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: Sergey2015 on August 01, 2023, 07:22:44 PM what happened to the site?
https://fastpic.org/view/122/2023/0801/_72b4d280b768c52d7de1c9ecf46c4483.jpg.html Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: ocean1223 on August 14, 2023, 01:10:55 AM the price raise from 0.1 To 1.7U in 1 month, nice project!
Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: Janu Hyder on August 18, 2023, 02:28:30 PM the price raise from 0.1 To 1.7U in 1 month, nice project! and the price dump from 1.7 To 0.5U in 1 month, nice projectTitle: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: j1792 on August 20, 2023, 01:25:46 PM This coin has a nice name and I like it.
No ICO, no premine. It's cool. And it's a fair release. Unlimited supply and constant miner income is a bold attempt, I hope more people can know about this coin. Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: masayoshi.kobayashi on August 29, 2023, 07:36:38 AM BITNET V0.0.4B RELEASED, UPDATING YOUR NODE IS MANDATORY!
There are important security and features updates on v0.0.4b and updating your node is mandatory. Else, you might be forked out of the network in the coming days. Updating is simple and should take no more than a few minutes if done correctly. Please tag or dm me if you need technical support to do so. Nodes that do not mine might not fork, but it is still recommended to update your node nonetheless.
Download: https://github.com/BitnetMoney/bitnet/releases/tag/v0.0.4b If you're on Linux, you can download and unpack your Bitnet update using: Code: mkdir bitnet-0.0.4b && cd bitnet-0.0.4b && wget https://github.com/BitnetMoney/bitnet/releases/download/v0.0.4b/Linux_Bitnet_v0.0.4b.tar.gz && tar –xvzf Linux_Bitnet_v0.0.4b.tar.gz Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: liusheng521 on October 16, 2023, 05:27:13 AM https://bitnet.money/forum/
great Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: Janu Hyder on June 27, 2024, 12:04:44 PM any news
tradeogre maybe Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: liusheng521 on June 28, 2024, 03:10:36 AM any news Let's apply for listing togethertradeogre maybe Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: liusheng521 on August 13, 2024, 11:08:40 AM # Xenwave Update Note
https://xenwave.com There was a feature I have been wanting to add for a while now that I've decided to finally code and add to the app, which is the ability of seeing each other's wallet, assets held, and financial info. Now, there's an additional tab in the profile page called "Wallet" and through there you will be able to see all the aforementioned information compiled in an easy-to-understand manner. We've also fixed some annoying bugs and improved a few UI elements. **Including improvements to the way the app deals with single users with multiple wallets**, by modifying the authentication function - now every time the app detects an invalid token, a button next to "My Profile" will show, labelled "Update Security Token". Clicking on this button will result in a signature request to be sent to your wallet, and the new auth token should replace the invalid one after you sign it. Full list of changes below: - New feature "Wallet" allow users to view any user's financial information directly on the profile page, with no need to navigate to the explorer to do so, - Improved the way in which the profile information is displayed, and now users can click on the profile's wallet to navigate to its page on BTNScan, - Improved the NFTs rendering method in the profile page, - Minor UI improvements across the platform, - Fixed a bug where sometimes the feed "blinked" repeatedly when refreshing posts, - Improved multi-wallet compatibility - we expect users to have less auth issues now when using multiple wallets, Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: j1792 on August 25, 2024, 04:34:48 PM When will the hash rate reach 1TH/s?
Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: wow.moon on September 29, 2024, 12:34:41 PM This is the coolest altcoin project I have ever seen
Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: wow.moon on November 27, 2024, 02:02:28 PM Let me record the price, the current price is $0.10
Maybe in ten years the price will reach one million dollars Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: L-Momo on February 11, 2025, 06:32:12 AM It feels like it's quietly growing.
Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: L-Momo on March 01, 2025, 07:27:06 AM Title: Re: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network Post by: vladiklesyk on May 05, 2025, 06:10:27 PM Hey everyone,
Just started mining Bitnet (BTN) today and honestly... it feels like discovering Bitcoin back in 2010. Low market cap, fair distribution, and strong cypherpunk vibes. I'm curious though — as this grows, is there any way we can make it harder for governments or centralized institutions to accumulate BTN and control the supply like they did with BTC? This project needs to stay truly decentralized and for the people. Would love to hear your thoughts or ideas on this. Stay sovereign. BTN to the future. |
