Bitcoin Forum

What is it good for?

The idea behind MillenniumCoin DAAE can be best understood by an imaginary example.

So let's say that Alice is surfing the web and comes to a very intriguing site...


All her life, Alice has been secretly dreaming of possessing a pair of delightfully kinky underwear... but she is deadly afraid that someone might know about her affectation. So she's scared of placing an order.


One day, a new hope dawns as Alice learns about Bitcoin and cryptocurrency,
but soon finds out that all the world can see her transactions in the blockchain!
She reads about the TOR network, but she still has some misgivings.


Being a person of common sense, Alice thinks to herself







Let's take that apart one word at a time...

A is for Anonymous

MillenniumCoin makes it possible for any user to act as a delegate – a proxy or a middleman to process other user's transactions.

Transactions by delegate hide the connection between sender and recipient, and increasingly so,
when there are lot of users who act as delegates.


A is also for Automatic

Delegate transactions are easy. To become a delegate you just announce to the network your willingness to use a part of your balance for delegate transactions. To send MIL by delegate you just push a button. The wallet software takes care of the rest.

E stands for Escrow

Whether you are a delegate or send by delegate, your MIL is placed on escrow. That way, if for some reason either the delegate or the sender goes suddenly offline before transactions are finalized, you will always get your coins back. Automatically, without trust.

D means Decentralized

There are no centralized processing of anonymous transactions. No bunch of devs that run the show behind the curtain of code. Everything is done by the user community. Anyone can become delegate and provide anonymity to their fellow users.



Lastly but not least, delegates profit from providing the service to other users. With every anonymous transaction, the delegate gets a fee (currently 0.3 % of the amount transferred)



How do you use it?

First off, let's see how you become a delegate. Select Options in the wallet overview and you will see the advertised balance settings on the main tab.



Enter the percentage of your balance that you are willing to put into service.

For example: If you have 1000 MIL, and select 30% advertised balance, then you can act as a delegate for amounts under 300 MIL. If you put another 1000 MIL into your account, and do not change your advertised balance settings, you will be able to handle transactions up to 600 MIL.

That's all that the delegate needs to do. Now let's see how to send by delegate. In the upper portion of the wallet user interface, you have "Send by delegate" tab:



Click that and send MIL exactly like you were making ordinary transfer.



Sender can see his transaction as “Sent by delegate” with different color in the transaction list.



Likewise, the delegate see a transaction where he is a delegate as “Sent as delegate”.



As soon as the delegate transactions are finalized - that is, delegate wallet has sent MIL to the recipient, and sender wallet has sent an equal amount + fee to delegate, these transactions lose their special colors and look just like ordinary sends.

Now if something goes wrong, like delegate or sender goes offline before the transactions are finalized, sender/delegate can retrieve their coins.

If five blocks have passed and the transaction still shows up in the list as “sent by/as delegate”, doubleclick the transaction in the list. It will bring up the transaction details window with a retrieve button.



By clicking retrieve button, The MIL bound up with the unfinalized transaction has been recovered.



The retrieval process is the same for both the sender and delegate.


How does it work?

Here's a short sketch about what goes under the hood. When the user sends by delegate, her wallet selects one of the delegates with sufficient advertised balance from its list of delegates that it has seen.

The wallet sends to the delegate wallet a  request for transfer, which contains information about the amount transferred and recipients MIL address. The wallets exchange some magic numbers that help them to identify this delegate transaction from all the other possible transactions that may be going on at the same time.

The wallets prepare two special escrow transactions, one returns to the sender his coins and is signed by delegate. Its purpose is to return the sender's coins to a recovery address in case the delegate does not transfer the amount to the recipient. The other escrow transaction returns coins to the delegate in case the sender does not recompense him.




So the two escrow transactions are like written contracts that are signed by the other party. The amount of MIL being transferred is bound up into these transactions.

The wallets keep scanning every new block until they see that the escrow transactions have been included into the blockchain. When delegate's wallet sees that his MIL is in the escrow, he transfers the MIL to the recipient. The delegate's wallet sends the payment transaction id to the senders wallet.





The sender's wallet scans the blockchain and when it sees that the payment transaction has been included in the blockchain, it finalizes the delegate process by sending the amount plus the delegate
fee to the delegate.



In case of retrieval, the wallet sends a retrieval transaction that satisfies the conditions in the escrow transaction and the coins are returned to the recovery address.

FAQ


Can I spend the coins that are in my advertised balance?

Yes. They are simply a percentage of your total available balance at any time. They are also eligible to stake. If you have some coins in reserve (so they do not stake), they will not be included in the advertised balance.

How can I know if there are any delegates online?

Use console command listadvertisedbalances

How does the wallet decide what delegate to use?

The only criteria is that the coins in delegate's advertised balance exceed the amount being transferred. If there are more than one delegate with sufficient advertised balance, the wallet selects one of them randomly.

Can I decide what my delegate fee is?

Not at the moment, no. In future releases it might be possible to set competitive fees, but now it is for all delegates 0.3% of the amount transferred.

I still don't understand how all this is supposed to work.

We'll put out a whitepaper soon. Watch this space for a link.

Anything else I should be aware of before I start?

This software is in early beta, so don't transfer large amounts. Backup your wallet regularly.

Well, this is somewhat intriguing. Watching.

I'm confused, why are you making a new ann for a coin that's nearly a year old?

Dev should add the link of the previous thread in the OP to avoid confusion.

So now the "I want bad things" anon tx goes through me? No thanks.

you confused , me too
but any new feature for this

Nice paint skills, with arrows and all.

Thats what every masternode wallet in DASH does.

Can the transaction be splitted into many small transactions like that of dash?
Maybe this feature could be taken into account for the future additions.
Anon, smart contract (escrow) . .

How do we upgrade the wallet? Just run the new installer? Or do we need to uninstall (backup then delete) the previous wallet before installing the new one? Up to when is the old wallet functional?

yep ... fork ? waiting for more info

Hi, I'm the technical dev of this one, and I'm happy to answer
your questions.


Yes, on WIndows just run the new installer. It will create a folder called
"MillenniumCoin2" on your desktop with the wallet exe inside.

Stilll, backing up is a good idea, esp. at the time of upgrade.


Right now the delegate process is sort of dumb, just one batch of coins
via just one delegate, but splitting up the amount like you propose, as well
as ability to chain up delegates is definitely on the to-do list.


Only if you set up your wallet to become a delegate.
The fee is precisely for the reason that you're helping others to become anon.


Thank you  :D Arrows are quite useful!

Amazing job YarkoL and E9800!

Yarkol,

Congratulations for the latest MIL release. It's finally here. Thanks for the explanation regarding the wallet upgrade.

Here are additional questions:

What happens if no one is willing that his wallet become a delegate? Would you set up dedicated delegate wallet servers?

Will MIL be now listed in other exchanges like bittrex? This could be a good way to spread the news about the new MIL.

It would be nice if you could give a road map of future features.



We already got few early birds, as you can see in this output
from listadvertisedbalances:


I think more are coming on..



I hope to return to this subject soon ...  ;)


No formal roadmap just yet.. but here is a possible trajectory.

- trivial improvements : chat window, in-wallet block explorer..

- little bit more interesting: more control over delegate transactions like variable delegate fees,
chaining of delegate transactions, splitting the amounts..

- and, highly interesting: multisig as default with the delegate acting as the 3rd party in 2-of-3
signing of transactions. Automatic trust metric for resolving disputes.

Perhaps you can see what this could develop into....


Yes, I should have addressed this in my previous post. The old wallet (1.1) will not be able to
handle the escrow transactions, and so I recommend switching to the new wallet.

Looks interesting. Any ETA on the block explorer? Would be nice to have an idea about the distribution before investing.

" " No formal roadmap just yet.. but here is a possible trajectory.

- trivial improvements : chat window, in-wallet block explorer..

- little bit more interesting: more control over delegate transactions like variable delegate fees,
chaining of delegate transactions, splitting the amounts..

- and, highly interesting: multisig as default with the delegate acting as the 3rd party in 2-of-3
signing of transactions. Automatic trust metric for resolving disputes.

Perhaps you can see what this could develop into.... " "

Dev what you have done is actually a smart contract right?
And further multisig additions would shimmer it obviously.

A bootstrap file would be better for the wallets to get synced.

I'll try to upload a bootstrap once I'm synced. Should be an hour or so. Problem is I only have 1 node connected.

Thats welcoming.

Also, from going through the previous thread, it is found that the DAAE has took 7 months of labor.
Very poor marketing has buried this coin really deep enough.
Appreciate the hardwork devs.

I actually like this approach. I think working first and marketing later is much better than overhyping a coin based on promises.
So far my hat is off to the devs.

The crowd would soon flock in here when they realise some real shit had happened in here.
The dev has delivered a working smart contract feature, which have been still un-attained by many established coins out there.

DEV could you please change the title as ( Re: *MillenniumCoin | TOR | Anon | Decentralized ESCROW-DAAE | Smart Contracts * )

Early adopters, could you please sell some of your stash?
Since the supply is very very low, i.e; only around a million, its better to point some entry for the new ones.

where can I get this coin... (minen) ?

• alice says to bob that she would like for bob to pay charlie and she will pay bob.
• bob says to alice, ok if we were to make some sort of arrangement like this, than my transaction to charlie would look like txB.
• alice says to bob, ok well if you were to make a transaction like txB i would make a transaction that would look like txA.
• bob says to alice, ok well ill tell you what, ill make a transaction, txC, with a script that says if txA is published but txB is not published than transfer funds from Bobs Wallet to Alices Wallet and ill go ahead and digitally sign that transaction using my relevant private keys, bob signs this scripted transaction txC and sends it to alice
• alice recieves txC but she is unable to publish it since the requirements of the script are not yet met.
• alice says, ok well now im safe, so ill go ahead and sign txA. so alice signs and broadcasts txA.
• bob says if i dont publish txB than alice just publishes txC and im no better off, and the moment i publish txB alice can no longer publish txC so im safe there, and infact if i do publish txB than i get to keep a cut so im actually better off.

So this is the idea in a nutshell right?

If thats right, anything appreciable been done in here?

You're on the right track..
The escrow transactions have a conditional scriptPubKey.
The other path of execution corresponds to the finalization of delegate tx,
the other one to the retrieval. Both ways consume the input of the escrow.

So it's a bit more like, Alice sends a transaction A to Dave that says
If I see you pay to Bob this amount, these funds can be spent by you,
else they return to me. And Dave sends a transaction B to Alice that
says if I have sent the amount to Bob then I can get the funds in your
transaction.

The wallets also exchange info that allows them, and them only to
construct the claim to the coins in the escrow. The escrow transactions are
made in several steps, where each party adds info to them. When they're
ready they are relayed to the network.

To give credit to where it's due, I did not invent this procedure. It was
already present in a now defunct coin called New Universal Dollar (NUD), but in an
unfinished, unuseable form. I liked the approach, as it mirrors the privacy model
of TOR, where the anonymity does not derive so much from an algorithm, but
from the community of users themselves.

What is the current block height?

342038

Oh god. Mine is at 214100 after about 4 hours. It's still syncing slowly but the progressbar on the bottom has disappeared for some time now so I though I must be close.
Can anyone list more than just the one node?

addnode=eo4nn4b4xo5apyjl.onion

Thanks! Now I can see the end of the chain.

very nice work! watching  ;)

Just to be clear, supposing there are no problems in the send by delegate and everyone performs their roles as they should, than no scripted transactions show up on the block chain right? Just 2 transactions that appear the same as if 2 random people had made normal non delegated transactions.

No, the escrow transactions do show up on the blockchain and they are
conspicously different from "standard" transactions. But the point is that
you can't infer from them any connection between original sender and the
ultimate recipient.

Here's an example of a sender escrow. It outputs the amount to be transferred (1000)
plus the fee (here 0,01, this is from an earlier test version) and the change. All go
to the same recovery address n2j4MTGYYdhsjJcpVacgUSQtYYKxpXj1oQ which is owned
by the sender. Note the script has some exotic operations, there is the contractual
logic.

So looking at this we can tell that the owner of the address is using a delegate. But
we can't know about the ultimate recipient.


This is the corresponding delegate escrow, again paying to the delegate's
address.


And here finally is the delegate sending coins to the recipient.


So here we can see that the delegate is paying to Dirty Bob,
but on whom's behalf, that we can't tell. The delegate therefore
is the end-point who is willing to carry more risk than the sender.

Well color me intrigued. You just might be onto something here.


Cant we look at the owner of the address and the delegate and look for a transaction authored by the delegate from around the same time frame for around the same amount and make a pretty good educated guess from this information that the owner and the recipient are connected?

YarkoL,you are a thief,you steal the NUD's technologys!!!

Do you have the permission from the NUD devteam??

ideas aren't property ::)

You registered a new account just to say hello to me? Aww I'm touched.

Now, if you re-read the NUD thread, you'll see that I never
made secret of my intention to implement a working delegate system
in some other coin. And NUD devteam never voiced any negative
opinion on that.

Indeed why should they? I'm carrying on the legacy of
NUD, and should the dev one day return I'll be back there also.

For the present, I think MIL is to NUD as Monero is to Bytecoin.

What does the dev got to say for this?

This is where i believe the splitting of coins aka coinjoin technique has to be implemented.

I am Julian Sheen.

That is a possibility right now, but becomes increasingly
harder as the number of delegate transactions increase.

And yes, the splitting and chaining-up are one way to deal
with the issue.

Though the number of transaction increases, the particular amount of coins being transacted will get us caught.

Only way to avaoid this is splitting of coins in small round numbers, imean 0.1, 1, 10 sort of.

Edit: Taking into account the time the transaction being made will also let us down.

Bootstrap until about 342k blocks (it is basically blk0001.dat renamed since there isn't more blk*.dat files to merge them):

https://mega.co.nz/#!qFtElKja!zyqjCRshRORHP7tmTyvEPBAj7t_-xB-9iXa9kMh9YTw
 (https://mega.co.nz/#!qFtElKja!zyqjCRshRORHP7tmTyvEPBAj7t_-xB-9iXa9kMh9YTw)
http://www.mediafire.com/download/t5ffsly2fsmyral/MillenniumCoin_bootstrap.7z

By my estimation it roughly takes 25 minutes to extract the blocks from it (depending on disk I/O and CPU).

You should consider using the proposal I described. I believe it would be superior to what you are using for a couple of reasons. Delegated transactions would appear the same as any other transactions. And delegated transactions would take up less space on the block-chain. With this proposal you could certainly chain delegates too. You would almost certainly want to break units into standard denominations and use delegates to "tumble" coins in the back ground sort of like darkcoin. Then use "mixed" coins to make payments in an ordinary transaction. It would have a lot of the advantages and functionality of darkcoin without the centralization of masternodes.

Ok so lets talk distribution. Is it already completed? When? How? Where? Do we have any records of who is holding? Do we have a thread where people are trading?

There is a basic block explorer (http://explorer.millenniumcoin.pw/chain/MillenniumCoin) but the rich list part doesn't work and it is currently traded on poloniex. I really want to see a decent block explorer with rich list though.

I'm as new to this coin as you are and this is all I could find on their site:

Sounds interesting ...

We are working on a better explorer and rich list. Has anyone tried the Mac Wallet yet? If so, please provide some feedback.

Trex,Cryptsy soon ? :)

Looks like I screwed up.

Will report back later, using the mac wallet and built source on an ubuntu box, bother were giving me problems but I found the error of my ways.

You really need to trash everything from the directory except the wallet.dat and the conf file.

Also on mac/linux I recommend adding to the configuration file


The tx fee is not enforced by the wallet in this release , but still you need it
to ensure that your transactions get confirmed in reasonable time.

That doesn't seem to work for me (Method not found (code -32601)).

ahh my bad.

listadvertisedbalances

yarkol are you a dev?

I like this project. Please keep us informed dev.

It doesn't return anything to me


listadvertisedbalances

[
]

And if I try to test the delegate sending feature it says it couldn't find any delegates.

It returns an empty set. That happens, especially when the network
have just a small numbers of delegates.
Having the wallet open for some time should eventually reveal some of them.

Well, the wallet was running since yesterday and I tried it several times, restarted it and so on but it's the same. Transferred some coins into it and increased my advertised balance but that doesn't changed anything as far as I could tell. I think the tech (at least on paper) is great but it doesn't seem to work at the moment. Furthermore the coin needs more nodes, a block explorer with rich list and a fix regarding the wallet's unwarrented CPU usage which is constantly above 10% on a modern CPU even though it's fully synced.

Yes we are having trouble getting things working
smoothly at this early stage. Let's hope as many as possible
upgrades and set his wallet as a delegate.

The block explorer at
http://explorer.millenniumcoin.pw/
has been updated and I'm working on the rich list right now.

The advertised balance will not make any visible difference, but
you ought to see the number of coins in it when you type getinfo

The 10% percent hogging of CPU sounds worrying, and I'd like to
hear if anyone has been having the same thing?

To all:

Right now the network has a handful of v.2 nodes and
an equal handful of the old v.1 nodes. Majority of the coins
are in the old v.1 wallets, so all the blocks are produced by them.
And v1. wallets will reject delegate transactions. When I check the memory pool of
my wallet, I see it stuffed with delegate transactions waiting
to get confirmed.

As soon as a v2 wallet produces a PoS block that includes delegate transaction,
the network will fork and we need to monitor the block heights and if necessary, sync
with the two 24/7 servers we currently have. (they are
eo4nn4b4xo5apyjl.onion
and
fidikevyotzv22pz.onion
so if you haven't added them to the conf already, please do so)

I have had it running on 2-6% for a couple of minutes then it went down to 0.2-1.0% then back to the 2-6% range.

Although I can clearly say that Bitcoin QT eats up way more resources.


Also running listadvertisedbalances i can see multiple addresses with a total of more than 10k MIL

We have now forked.
The #official" fork starts from Block #344129 which contains several delegate transactions

http://explorer.millenniumcoin.pw/block/25f52a1ad7e47de4731a02c114820cba5f31a1560f2f9b0a8c2f5e7c5b17435f7

The chain has stalled for a while, I believe due to
coins in v.2 wallets acquiring age.

Dev.

I think I use the old client which is syncing for hours (yesterday it was synced). Try to reinstall but same old problem.

What to do?

Is this coin working fully now? Delegates too? 

I have the newest client but my client isnt syncing up since the coin has forked, says that the last block was found 6 hours ago.
Can anyone upload the new proper blockchain or something?

Give it a little time. We are waiting on the new clients to produce POS blocks. When this happens things will start moving again. The same thing happened when we moved to TOR wallets and was fine after a few days.

New Explorer and Rich List. https://chainz.cryptoid.info/mil/ (https://chainz.cryptoid.info/mil/) Currently still syncing but should be fully functional soon.

Is this wallet safe to install?

https://mega.co.nz/#!4kwTlKIa!3TtV2k8zWExgiw6E6BRXvHOqX6mS32O1NibaioIEPtE

Yes. This is the latest Windows Wallet.

I think it might be possible that I caused the fork since I threw some hash at the wallet when I saw the wallet reported there's still a PoW difficulty. No block rewards other than 1 block with 0.01 coins followed by a bunch of empty but accepted blocks. I'm not sure why a PoS coin still accepts work though. I resynced it from ground zero with the bootstrap and now it's synced but whatever I tried I couldn't see even one delegate connected on the network in the last few days and I still only have a maximum of 2 nodes connected. The block explorer and the rich list looks surprisingly good but otherwise the coin at this stage I think is a mess and the new thread was kind of premature.

I'm abit confused about how the escrow works? How to determine the if criteria met?  ???

You may have noticed that we have a lot of PoW blocks with
zero reward.

This was intentional, as with the network this small
a pure PoS chain has a tendency to stall, so the PoW was reimplemented
for the sole reason of driving the chain forward and leaving the older wallets
behind.

This feature will - I think - be disabled in the next wallet update - soon.

All the delegate transactions so far should have been confirmed
by now.


It's allright. A fork was to be expected. We're now sailing.


Well you should see the transaction in the transaction list of your wallet.

Now it works like a charm :) synced in seconds

Good to hear you are synced. We are still running extremely slow but things should start moving faster soon.

Thanks, I will try to test an escrow payment...

A delegate transaction shows up on the list with a different
color. But when it's finalized, done and dealt with, it will
appear as normal send / receive.

The entire process of initiating, committing and finalizing
should take 3 blocks.
On first block the escrows are registered on the blockchain,
on second one the delegate transfers the amount to the recipient,
and on third one the sender pays the delegate.

If you see a delegate transaction dangling on the list after more
than 5 blocks, something has possibly gone awry, and that's when
the recovery button comes handy.

Right now we're having a steady stream of staking, so it's a
fine time to experiment.

There may be an issue when transferring MIL to and from Poloniex. I have notified them and waiting for a response. I recommend waiting until this is sorted to attempt a transfer.

I am also having issues. 

My latest response from their support "It seems the blockchain isn't moving at all. The issue should resolve itself once PoS gets going."

Transaction details - MIL 3326.66666666 Sent to: MJ8nwfSqiaC2Bv1Gxmrz3kQrQvm7A6hp7V 2015-04-01 e156a8b5e1749d63c44cc31121d387f0b3e0262836b7c44192e85fe37e1f5487

I don't see this transaction when I search the block explorer.

Sure is cheap market cap for a Polo coin

Your wallet may not have succeeded in sending
this transaction. Since all traffic goes through Tor, there's some
additional complexity in relaying data.

Try restarting the wallet. If that doesn't help, wait til you
have connections and resend the transaction manually

getrawtransaction e156a8b5e1749d63c44cc31121d387f0b3e0262836b7c44192e85fe37e1f5487

then copy the result and paste after sendrawtransaction

why isnt the distribution info on the main post

Thanks for the response, but I was sending from my poloniex wallet to my local wallet.  I have reinstalled and re-synced my wallet with no success.  I will send their support another email.  Do you have any other suggestions? 

Poloniex is having issue syncing their wallet. We have been in contact with them and they are aware of the issue. Once they are synced your transaction should show up.

Good to know, thanks.  I will post again when I see my funds come through.

I can't seem to connect and sync with the network today. Anyone else having the same problem? Is there a server maintenance going on?

You could pm the last 20 lines of your debug.log
to me, so we can try figuring out together what is
causing this.

Hi Yarkol,

I finally was able to sync with the network. I don't know what did it though. I tried many things that didn't work like restoring from backup, used another ISP with different modem, reinstalled MIL from scratch and used another PC. Then my last run of the wallet just connected and started updating as seen in the debug.log file.

Thank you for your assistance.

Poloniex is still having issues with the new wallet. We are working with them to find a solution.

polo is going to be willing to put up with VERY little crap from such a small market cap project. tread lightly.

We're working with them all the time, trying to figure
out what the cause of problem is. MIL has been listed
there from the very beginning and has endured there
despite long periods when this coin was all but forgotten.

Is there any update on the issues with Poloniex?  I have been waiting almost a week for my coins.  Loosing hope that I will ever see them.  :(

Same...

YarkoL is working with Poloniex right now to get this resolved. Sorry this is taking so long.

So, is it fixed?

Doesn't seems to be.

Regarding the Poloniex, it's a little hard to get to the root
of the trouble,  as we are separated by ocean, and tests need to be done
and logs read, and at their end they're probably very
busy.

But rest assured the issue will see a resolution,
and despite gaps in communication I'm working towards
it all the time.

Also if anyone else is having connectivity problems, let
me know.

In fact if you have any questions at all concerning MIL,
let me know that too.  :)

After successfully connecting and synching with the MIL network 4 days ago, I failed to connect the following day. I've been trying since then but still no luck. I only get the following logs and the wallet becomes unresponsive but using 25% of the CPU processing. I'm pretty sure it's not my DSL connectin because I can sync with the URO network just fine which was 7 weeks behind when I started the URO wallet.


ThreadDNSAddressSeed exited
SOCKS5 connecting fidikevyotzv22pz.onion
Flushed 15 addresses to peers.dat  41ms
SOCKS5 connected fidikevyotzv22pz.onion
refreshWallet
ipcThread started
accepted connection 127.0.0.1:60567
send version message: version 60014, blocks=346759, us=ubkrxvwi4e6tkdh6.onion:35552, them=0.0.0.0:0, peer=127.0.0.1:60567
Added time data, samples 2, offset +5 (+0 minutes)
socket inactivity timeout
disconnecting node 127.0.0.1
accepted connection 127.0.0.1:52128
socket no message in first 60 seconds, 1 0
disconnecting node 127.0.0.1
accepted connection 127.0.0.1:52984
socket no message in first 60 seconds, 1 0
disconnecting node 127.0.0.1
accepted connection 127.0.0.1:53929
socket no message in first 60 seconds, 1 0
disconnecting node 127.0.0.1
accepted connection 127.0.0.1:55386
socket no message in first 60 seconds, 1 0
disconnecting node 127.0.0.1
accepted connection 127.0.0.1:56728
socket closed
disconnecting node 127.0.0.1

I encountered this before and I remember leaving the computer overnight and after I wake up, I found the wallet already in sync with the network. Unfortunately, that does not work anymore.

How about the others, can you connect and sync easily with the MIL network?

I noticed the new MIL wallet changes the conf file to:

addnode=fidikevyotzv22pz.onion
paytxfee=0.01


Are those two entries enough?

Thank you Ianshop, that's valuable info.


It tries to connect to itself, then hang up.
I remember this happening with the earlier version
sometime and I'd better check if something is
still allowing this kind of bizarre behavior to happen
with the recent wallet.


put addnode=eo4nn4b4xo5apyjl.onion
there too.

great work,Yarkol!

Transfers from/to Poloniex ought to be
working again.

Can confirm.  I see my coins in my wallet now.

Yes. I have mine as well. Good work YarkoL.

Ah, that explains why setup didn't work for me and I had to extract the msi with 7zip :) Never thought of looking for a new folder on my desktop ;p

More importantly, running on W2K12R2... Why is the wallet so "dark" - for example, I cannot set up options because all is black: and I cannot read black on black :) Little bug?

And could explain how the delegation works? If I set it to 75%, will I only get PoS on 25%? And is this an automated way for me to earn some more Millennium...? Should the wallet be fully unlocked for delegation to work?


Devvie
twitter.com/devnullius

The advertised balance is a percentage of your
spendable balance. It does not affect staking.

If someone's wallet chooses your wallet as a delegate
when sending by delegate you earn a delegate fee, so yes,
in this way you earn MIL automatically

On my machine and on those where I have tested the
wallet, it's been grey on black. But you're now the second person
who has told me that he's finding it difficult to read, which means
that the color scheme will be altered in next release

I also can now connect, sync and stake with the MIL network.

I deleted all files except the Millennium.conf and wallet.dat files and run the new MIL wallet and let it connect and sync. My original wallet files were from the old wallet. I don't know if that was the cause of all my troubles because it was working fine before.

I also have a problem with the color scheme of the new wallet. It is too black. I can't see if an option is already checked or not.

When trading on another exchange?

Poloniex Deposits and Withdrawals have resumed. Be sure to keep your MIL in the DAAE wallet if you do not plan to trade. You will be rewarded by staking and additionally rewarded by setting up your wallet to be used for delegate transfers. We plan to extensively test the delegate functions next week so rewards will be much higher than normal. For example, 1000 MIL transfer by delegate will cost the sender 3 MIL. This cost is to pay the delegate who is used for the transaction. Below are the current delegates who will be paid during the testing. Don't miss out on easy MIL!!!

"address" : "fidikevyotzv22pz.onion",
"balance" : 4431.00764269

"address" : "jk2icq3nhoillqyl.onion",
"balance" : 6068.57645038

"address" : "mm2cwrpnbcopkzto.onion",
"balance" : 5.99269163

"address" : "rlnl6dnz6uaovpaf.onion",
"balance" : 1879.98075085

"address" : "uxyazroipdst5hca.onion",
"balance" : 8269.94333060

"address" : "xuf4aiy6fsct6abu.onion",
"balance" : 5000.00000000

"address" : "z23q7ggwbimlfj6c.onion",
"balance" : 5002.23964124

"address" : "4xpof3ji567tjzlg.onion",
"balance" : 9756.88619433

So... I can't delegate yet? I set it up though... Shouldn't I yet?

Devvie
twitter.com/devnullius

Everyone is free to put up a delegate.

Any news on the recent test? Has the network and staking stabilized?

What's next for MIL coin in terms of marketing, promotion, and technical development?

The recent test brought up a minor issue in delegate selection,
which is hardly consequential, unless you do a lots of delegate transactions at once.
This will be fixed of course.

I'm currently refactoring the some of the code and working towards the next release.
I can't give any ETA for that except "soon-ish"..  my free time is a little limited
at the moment.

But, before that I hope to put up the whitepaper. It will also give an outline
of the future development and you will see a roadmap at that time.

My thoughts on promoting: in short, everyone is free to promote MIL. And I see
in these forums that lots of energy goes into promoting coins instead of getting
real users for them, in the real world. I think that's totally backwards, and I think
MIL could make a difference here.

Thanks for the update YarkoL.

A whitepaper could help a lot in explaining the technology behind MIL. The roadmap will let everyone know where MIL is headed. That will make it easy for the press to check out and test MIL.

If there are no major problems with MIL especially the delegate feature, it maybe time to start contacting sites that review digital coins. Writing blog articles about MIL here and there might also help.

It looks as if someone still needs to update to our new DAAE wallet. Please do so ASAP. Thanks to everyone who is holding and supporting the network.  :)

MIL block times are back to 30 seconds once again. I know it took a while but we are now fully functional. Stay tuned for the next release with improved DAAE functionality and possibly a few extras. If the community has some ideas or features to request please let us know. Again thanks to all who are holding coins and supporting the network.

MIL moving forward but slow. Hey it's progress. Didn't think I would see any movement here but I was wrong. I just bought 35,000 and look forward to the next update.


Cheers
Joe

Thanks Joe,

As the long-time followers of MIL know, it's not called
"The Coin to Last Thousand Years" for nothing!  ;D

It is a good investment, it takes time but the developers are honest and help you with everything. My friend got MilleniumCoin for staking because poliniex did not update their wallet and his coins were locked... That is how things should be... Skills in development and support.

Thanks Harry.

I'm the only one to blame for things proceeding at
snails pace.. Busy at daytime job and so on. But still we try to
keep things chugging on. And whenever I read things like
this, it gives a boost to my stamina.

Anyways I may have one noteworthy news item soon about
certain thing that has popped up in the discussion every
now and then... stay tuned..

I believe when a developer gives you coins/money so you can still earn on staking he is a trustworthy.

Now I hope Yarkol will not be kidnapped by Google or Apple and can finish the project :P

Ah, that must have been E9800 then,
he's a saintly guy doing good deeds when no one's
looking!  :)

Maybe, I don't now, my friend told me and I sold some Ripple for MIL. You guys do very good!

MIL is exciting no doubt about it. YarkoL had a vision which he's already made a reality. It will be interesting to see what he has planned next. Tor+Delegate option make MIL special. Now it's up to us as a community to spread the word about MIL and it's continued development. We are over a year old and still going strong. If you want to help the MIL community the best way to do so is talk about us. Do not try to be a salesman. Just state the facts and be as helpful as possible when answering questions.

1,000,000 Total MIL (Currently 940,612)
POS Only (No More Mining or Major Inflation)
Tor+Delegate (Extremely Anonymous)
Trading on Poloniex (Others are being discussed)
Active Team for over a year now.

Glad to see some new people and investors. Crazy to see someone buy 3.5% of the total supply. You should get some good POS rewards if you send them to a wallet.

 

I put all my MIL in a wallet. How long before I can expect a reward? I'm in the top 10 on the block explorer. Is the explorer correct?

You will see your first reward in around 3 to 4 days. The longer you leave them in a wallet the more frequent rewards will be. You are also supporting the MIL network by leaving them there with the wallet turned on. Yes, the Block Explorer is correct. You appear to be number 6 on the Rich List.

Hello from alcurEX.
MillenniumCoin MIL has been added in alcurEX.
https://alcurex.org/index.php/crypto/market?pair=MIL_BTC
Welcome!
-halibit-

https://i.imgur.com/PeGCkdp.png (https://alcurex.org/index.php/crypto/market?pair=MIL_BTC)
ALCUREX is an cryptocurrency financing company registered in Finland.
Business ID: 2612007-8 FINLAND

^ That was the noteworthy news item that I
alluded to previously. Thx Halibit.

OP , when ever you get a chance , could you please add AlcurEX to the exchange lists. Thank you!

may you to contact with https://yobit.net (https://yobit.net/?bonus=yoAMd)

Done.

MIL looking stronger today. ;D POS is working well. Took 3 days to get my first reward. Glad I bought in. I have almost doubled my investment ATM. Any word on next release? What is being worked on or added?


Joe

expected time to earn reward 0 seconds... can someone help me? has not changed for last 5 days

Does anyone have any suggestions on game sites so we can use our MIL? I am also interested in a marketplace if there are any suggestions. It's time to find some ways to spend MIL. Feel free to post or PM me.

Thanks

Lets keep this momentum going.

http://coinmarketcap.com/currencies/millenniumcoin/ (http://coinmarketcap.com/currencies/millenniumcoin/)

It might be wishful thinking but I won't mind a $1 M market cap for MIL. The name suits it well. :D

MIL is quietly beginning to look solid. Wouldn't be surprised to see a big jump relatively soon. We'll see, but it does look much better lately.

I am very impressed by what i have seen, very surprised this has not seen more adoption. I am looking through the code and may use part of it for BCR Escrow nodes, in the future , MIL users could get access to banking services and other platforms in the BCR ecosystem.

I wish this project a bright future.

To bitcreditscc, thanks for the thumbs-up and keep us
informed about the project. The delegate system is very unique
with special strengths, so I'm excited to learn how it will
integrate with your framework.

To all: I have now started working on the next update (I decided to
turn down some paid work to reserve time for this). I estimate
we will have new version by August. The new main features
will be

- stronger anonymity in the form of stealth addresses
- a new user category/role : besides delegates, there will be also vendors
- splitting of delegate transactions to make tracing payments more harder.

Plus a whole lot of other stuff. Stay tuned and stay free.

Anyone else getting really excited about MIL?  ;D

Yarkol, those are exciting major features to be added. I guess that would be mouth watering for anon coin users and fans. Those added features could make the anon crowds finally pay attention to MIL.

M I L L E N N I U M C O I N
Saturday Night
 Bulletin #1


http://i60.tinypic.com/2n6eowg.jpg


I thought of reporting regularly on what I've been up to concerning
the development, and other items of interest. Welcome to the first
installment ever.

So this week we've taken the first significant step towards MIL3 as
I've added a lightweight web server to the source. The idea is that
wallet will generate two onion addresses on startup: the first one
is the wallet address we're already familiar with, and the other one will
be a (darknet) website that can be viewed in the in-wallet browser or
in the "official" Tor Browser (https://www.torproject.org/projects/torbrowser.html.en).

Those users who have registered as vendors can easily publish content
using editing tools that will be added later to the wallet. Another cool
feature is that the wallet will encrypt the web source using the AES-128 (https://en.wikipedia.org/wiki/Advanced_Encryption_Standard)
algorithm to make them inaccesible to prying eyes. The wallet will then
decrypt them on the fly when requested by browser. There will be other
security measures as well.

The code commits can be inspected here:
https://github.com/YarkoL/MillenniumCoin/commits/master

the darknet publishing is still bare-bones stuff but the core functionality is there to be
enhanced in later stages. That's all for now, more goodness next weekend.


I am, for one!  :D

Yarko

This is a surprise. For a moment there, after delivering a working anon coin, I thought stabilizing and fixing some issues will be the only goal for MIL. It looks like you have many more features in store for MIL.

If ever there will be few remarks/posts/comments here regarding the development of MIL, I hope you'll continue the weekly updates. In that way new investors can see what's happening to this coin and what the plans are for future updates.

I received a PM asking details about how the buying and
selling will work, so I wrote following outline:

0. New Vendor makes a transaction that burns a registration
fee

1. He can then use a Designer Tool in the wallet to make a product list.
Basically the tool is a form with fields productname, optional image,
description, price

2. The wallet stores the product list in encrypted xml file (edit - or JSON) that looks
something like this (in plain text)

<vendor>                                <- id number
  <registration>                       <- proof of burn tx id
  <address>                            <- stealth address
  <products>
    <product>                            
      <id>
      <name>
      <description>
      <image>
      ...

3. Customer opens Market Browser in his wallet
He inputs the onion address of the vendor. If the vendor wallet is online,
the wallet checks that the vendor registration is valid by seeing that the proof of burn tx is in block.
(this will be validated by the delegates too)
If that's ok. it requests the xml from the  vendor wallet and displays the
product list in the market browser.

4. Every product item comes with a buy button. When customer hits that, another
form opens where the customer can enter his contact details. These are sent encrypted
to the vendor wallet. Customer sees his order details, confirms them and the wallet
automatically sends a delegate transaction, paying to the vendor.

---

The delegate transaction that ends the purchase will be a little different
too. For one thing, you can split the amount of MIL to standard even sizes of
5, 10, 100 etc that are transferred by different delegates. There are even more
profound changes that are related to how the vendor wallet can recombine the
split payments, but I won't go into that yet.

TL;DR we're making a marketplace on tor, with purchases on
wallet to wallet basis, no central authority running the show.

What has been described above when completed will be extremely interesting. As we have said before "New Ground for Crypto".  What I find most interesting is "multiple delegates" and "Tor Marketplace". Both features will make MIL standout.

I cannot wait to test the marketplace. The possibilities are endless.


Yes Joe and YarkoL I am excited.

Looks to me like more people need to be following MIL. Glad I stumbled into this community. I have a feeling things are going to get busy around here. Probably in August. ;D


Thanks for the update
Joe

So far it seems you made a good investment JoeCoinman. I remember reading when you bought your MIL. Quite adventurous. Exciting things are highly probable for MIL now. After a year of hard work, Yarkol is still at it and this time with  more features and improvements.

Can't wait for 3rd and 4th quarter. I hope Santa comes early. I'm dreaming of this coin doing a CLAM move but much much bigger. :)

I'm not interested in trading MIL for $$$ or BTC. I want to see MIL exchanged as currency for goods and services. Until this happens no currency is truly successful.


Joe

M I L L E N N I U M C O I N
Saturday Night
 Bulletin #2


http://i57.tinypic.com/14l6p2e.png

Now that we have a skeletal web publishing and browsing
system, the integration of stealth transactions has begun.
Stealth addresses, as I'm sure many of you know is a very
elegant cryptosystem, where recipient of coins creates a stealth
public key, and the sender derives "ordinary" one time MIL
address from that. So with this no one can connect the derived
address to you.

Actually, this is pretty much the same what delegates already do, so why
stealth addresses? Is that an overkill? Or - just a pretty but
irrelevant, cosmetic feature to pull in some investor money, right?

Well, no. If it were simply a feature to paint over the wallet, I could
do this much quicker by just pulling the code from Github and compiling and hey
presto, we have a pretty nifty darknet market application. But I intend
to make every layer of the MIL3 play synergistically together to bring
about something novel.

I'm going to talk about this much more in the coming weeks, but here's
a first bird's eye view of the entire concept. So far, the absolute killer
app that has been based on cryptocurrency - the one that has the best
chance to break out from the money-game ghetto of Bitcointalk forum
and actually get some real users has been the darknet market (DNM).
Many DNMs model themselves after the centralized model of Silk Road,
which has caused problems, as the users can never tell if the owner of
the market is going to vanish with all the BTC. As this has happened a
number of times, there has been a growing demand for decentralized
marketplaces.

Recently we have seen some decentralized marketplaces emerge, such
as Open Bazaar. These have teams of very gifted devs and often substantial
funding too, and it is the latter aspect that kind of sabotages their chances of
success. The reason being, Investors don't want to be seen funding a new
Silk Road, even though that is clearly more in demand than the "decentralized EBay"
idea that they are trying promote in order to be "respectable".

But our MIL is small and under the radar, and therefore well equipped to employ
the window of opportunity. Usability has been very high on the list of design goals from the
start, and if done well, it will attract users.

However, there is of course an ethical problem here, and one that I've given much
thought to. Do I want to make an application that allows people to trade anything,
however reprehensible to myself? And I think I have made a small advance towards
a solution by introducing a new way to do anon transactions that I call the "Glass Onion",
something that combines partial transparency with strong anonymity. That is, no one
can see who is trading with whom, but the delegates will see what is being traded and
they can refuse transferring the funds if they do not appreciate the trade (or the vendor or
the merchandise). As a result, if the majority of users do not like the vendor, he has
much harder time establishing business on the network compared to someone whose
list of merchandise is more non-controversial.

All this is to be implemented in a trustless and decentralized manner and this
is no easy task. But it is just this challenge what motivates and inspires me. Not the money,
although of course I'd like my tiny stash of MIL to appreciate in value. So this is the reason why I don't just slap
stealth addresses into the existing codebase and be done with it. They will function as building
pieces in the Glass Onion Market that I've described here and this takes a little more.

So that's all from me now. This missive became a little lengthier than usual, but I thought
it would be nice to get the cat - or sizable portion of the feline at least - out of the bag at this stage
already.

See you soon,

Yarko


 

Thanks for the update.

Does this imply that there will be a waiting period before a transaction can be completed because a delegate has to approve it first?

It's understandable that no one wants his program to be used on something that is reprehensible to him. However, there are some tools that were designed for good but that can be used for evil if a user wanted to. Our common physical money can be used to buy anything that can be helpful to others (food, housing, etc.) or it can be used to buy things that can kill (guns, chemicals, etc.) or even destroy the world (nuclear weapons). A knife can be useful for preparing food but it can also use to kill. The same with power tools. These facts don't prevent us from using money, buying knives or using power tools or carpentry tools.

The idea of the "glass onion" concept is laudable but couldn't  the dark market vendor easily bypass the delegates refusing his transactions by simply setting up his own delegates?

I think the anonymity feature of any digital coin will always cause it to be used in ways that are not acceptable to its programmers.

looks like a stumbled upon something great in the works. Buying some mil and holding.

No, the transfer by delegate is automatic and there
will not be a manual approval. Instead, a person running an advertised
balance may choose to inspect what is being offered in the market
and put vendors to an ignore list. (similar to the "ban score" that is in
the standard peers list)


The transaction is split among at least three delegates, some of which
are picked by buyer, and some by vendor. This is not a fool-proof system
but I try to make it very hard to bypass the default delegate selection process
without altering the code. And if they do alter the code, they lose the security
benefit of random delegate selection, as using the same set of delegates over
and over will potentially risk an exposure.


Well it actually matters little what I personally find acceptable. The
idea is to allow the user community to arrive into some kind of
consensus over how the market is to segmented into tiers of
"acceptability"

And in the coming release, vendors can set their fees individually,
so vendors with controversial merchandise may entice delegate by offering
higher fees. So market forces come into play here too.

These are very good points and I'm glad you took the time to
bring them up.

Very well explained Yarkol, thank you for giving us more details about your idea. I'm beginning to appreciate the design you are making based on your "glass onion" concept.

"Segmented into tiers of acceptability" is a good one.  People hosting delegate computers can minimize or completely remove risks from participating in transactions they think are unacceptable or illegal in their home countries. Those who have other views or situations can take more risks if they want to. These risks may just be perceptions because the coin will have anonymity and stealth addresses that make it difficult to unmask the real people involved. Even though anonymity is designed in the coin, it does not hurt to make precautions especially when we saw how some of those using supposedly anonymous coins were traced and unmasked.

I also like the option to set higher fees for transactions. It's like a free market for those wanting extreme anonymity and wanting their transactions to be done with immediately.

I also read about other coins where you have to pay to become a delegate server with substantial investment required as proof of commitment and viability. In MIL, being a delegate is open for anyone and everyone and one can pull out from being one if he/she so desires.  That adds another option of security from prying eyes where one can get in and out with ease as a delegate and come back with different addresses.

This is one of the places where MIL and BCR differ, I have decided to tie Escrow to ownership of a Banknode and a given minimum balance.  This will encourage serious users and service providers to be economically active on the chain, i am also working on a floating fee rate , much like tx fees. All this is to encourage growth of the ecosystem , we have even lowered the entry level.

I hope i can figure out inter-blockchain transfers soon , it would be great if users could easily swap between MIL and BCR to settle finances using either or a combination of both. The overall security would be amazing.

No update this weekend? I'm disappointed.  >:(

Sorry about that. The "Bulletin" will be back next weekend.
Been a little busy most of the week, not much
time for MIL. I have completed the stealth integration but not committed
it yet.

Really I haven't had much news or to add to what I wrote about last
weekend.

We are waiting for new currency seems to be very promising.

Rather than new currency, MIL3 will be a service platform ("Glass Onion")
built around the delegate system. It is integrated with the wallet, but
ultimately ought to be able to perform autonomously. For instance,
you could do a DNM onion site that accepted BTC, but under the hood,
MIL would be the token of accounting.

M I L L E N N I U M C O I N
Saturday Night Bulletin
 #3


http://i61.tinypic.com/synz8w.jpg

I've been occupied with the stealth address integration
and modifying it to suit our purposes. The work is being bogged
down a little by the fact, that at the company where I work,
everyone's on holiday so I need to take up tasks that call for immediate
attention, but that are normally handed by someone else. That
situation will however ease up soon.

So starting next week, I'll be moving on to implement the "Glass
onion" portion of the code. Thanks to the little discussion I had with
Ianshop2010 earlier in the thread (https://bitcointalk.org/index.php?topic=1006799.msg11801348#msg11801348), I've been able to sharpen some crucial details in the design. There will be some new changes, and
that's what this post will be mainly about.

If you recall, the basic idea was to allow users to approve or disapprove
vendors by refusing to relay their delegate requests. Ianshop2010 pointed
out that a vendor could just set up delegates of his own, to which I countered
that using same delegates would be less secure than allowing a delegate to
be selected randomly among suitable nodes.

But (I confess!) this answer seemed weak to even myself. A vendor could easily
set up multiple delegates and rotate them, placing extra funds on the active
delegate's if necessary. And the benefits of random delegate selection may
seem to be too meager if they come with prohibitive costs in the form of raised
fees, especially as the stealth addresses provide high level of privacy by
themselves.

So the new design will
1) get rid of the random delegation selection (which is buggy to begin with)
and
2) make "personal delegates" so impractical that vendors need to submit
their orders to the approval of the network in order to conduct business.

This will be realized by the following protocol: After a buyer has made a
purchase, the vendor sends to the network a "global delegate request" that
will be relayed to all nodes. It is a message that contains as payload
the vendor's stealth address plus the fee he is offering. A receiving node
then inspects the stealth address, and then any of the following will happen:
- if the stealth address is not valid, the message will be totally ignored.
- if it belongs to a vendor that is on the nodes "ban list", it will not be
relayed, but the node will keep it on memory.
- if the node thinks the vendor is ok, it will forward the message to other
nodes, and keep it on the memory.
- and if the node is a delegate and thinks the vendor is ok, it will contact
the vendor and the delegate transaction process will start from there. The
first delegate to do this will win the job.
The message will expire after N blocks, and if no delegate has picked up the
offer, the vendor has to try again.

Suppose there has been a global delegate request and a delegate has been found.
Then the next thing that the vendor submits to the network, will be the escrow
transaction that will be just as it is today except that hash of the global
delegate request is added to it. Then when this transaction has been received
by a node, any of the following can happen:
- if the hash does not correspond with any of the in-memory global requests,
the transaction will be totally ignored.
- if the hash is found to correspond with a global request belonging to a vendor
on the ban list, it will be totally ignored too, and both the request and the
escrow transaction are erased from that node's memory.
- if the hash corresponds to a request that the node is OK with, the escrow
transaction will be relayed and eventually it gets included to a block.

The upshot is that it is not practical for vendor to bypass the network approval,
as he needs the escrow transactions (without which the delegate process won't work)
to be confirmed ASAP. That is, unless he owns 51% of the coins.

The third major change is that I won't be implement the splitting of the delegate
transaction in this release. First off, all the above will be a lot of work to code and
test properly. Secondly, it hardly matters anyway, since the sole reason for the splitting
of the transactions to a rounded amounts is to make tracing payments harder, but
both the vendor and buyer are protected by delegates and stealth addresses and anyone
now knows that a particular transaction pays to who vendor anyway - although his real-life
identity is protected by a (non-static) onion address and stealth address,
while the buyer is protected by delegates in addition to these layers of privacy.

Ok, that was a wall of text, and questions are, as always, not only very welcome
but also very useful to the development, as I hope this post makes clear.

Oh and that crazy opening image is the MIL graphic put through Google's DeepDreaming (http://googleresearch.blogspot.fi/2015/07/deepdream-code-example-for-visualizing.html) code,
just for fun of it.

The new MIL3 logo will of course be, as always, very different.

Love
Yarko

it is worth to look at this project. YarkoL is a cool guy and as you can see constantly working on this coin.

Some coins just die after 6 months to a year, after a pump and dump, or the developer just got tired. Yarkol looks to be just starting, with many more features planned for future versions. It's exciting to see what happens next to MIL. :)

M I L L E N N I U M C O I N
Saturday Night Bulletin #4


http://i57.tinypic.com/9qjs6q.png


As I already wrote in #2 this coin either stands or falls
with its users, not with exchanges. The vast majority of cryptocoins
are purely speculative instruments, and any real use cases they put forward
are mostly pipe dreams to attract some more BTC. But I guess
you all know the game, even better than I do.. so enough of that.

Ok, so how are we going to attract real users? Because of
the nature of Glass Onion, it would be ideal to get both
users that are already used to dark markets, and new users
that are not interested in the sort of merchandise that
"regular" DNM patrons indulge in, but might be more into
"decentralized eBay". I think these eBayers on the whole will be
minority although the possibility of downvoting vendors
might be a kind of selling point to them.

Therefore, marketing efforts are to be done in the darknet
forums, with special incentives to early bird vendors.
I will be doing a series of tutorial videos, that do not
require any specialized crypto knowledge, but aim to
show how easy it is to make purchases and sell stuff with
MIL3.  

I'm now doing tests on private network using
port 35556. The development on this week has been just
debugging and doing little fixes. Those of you who can
build in linux (you know who you are!) are welcome to join
in. Later on there may be need for testing with many nodes,
at which time a windows test client will be available.

I'd better come clean about the ETA. Even though it is still
"some time in August", there could be, erm, a slight delay (or maybe I get
sacked and can devote all my time to this). Anyway, I'd like to believe
that even the most cynical doubting Thomases (you know who you are!),
who have been following this coin for some time know that even
if it takes a little extra time, I do deliver - eventually.

Sincerely
Yarko

Yarkol, you have been developing this coin for more than a year now. Sometimes it surprises me that you're still at it even though the price of MIL hasn't move much. Even those who spearheaded the management of the new MIL from the original are still here like E9800. Everyone has been patient fore more than a year,  I think a few weeks of delay won't be a problem for anyone.

Anonymity features I think normally attract darknet participants. This happened to the early years of bitcoin and dark/dash coin. After some volume comes to a coin, traders and coin market speculators take their turn. And after that hopefully public adoption. If that happens to MIL, the decentralized anonymous ebay-like market Yarkol envisions could happen.

It seems the technical features of MIL is nearly complete. Marketing will be the next hurdle for MIL. With so many digital coins in the market, this will not be an easy task. I agree with you that ease of use is a major important factor. Apple already proved that with their products and interfaces. My background is in IT but even I find using crypto wallet programs not very intuitive. It is easy to make mistakes and I have to double, triple or even quadruple check addresses before clicking anything. There should be a better way of doing these things in crypto.

Part of the reason why I keep at
doing this, is that right from the start I've found it gratifying
to help existing coins than start a new one.

When I got involved with MIL, there were some people who
kept saying in the thread "Just let this shitcoin die already".
It seemed to me that these were just the persons who had already made
money by dumping at the launch, and that sort of infuriated me.
Think about it: same people who rant about shitcoins and how
bad they are are nevertheless profiting from them. So I thought
to myself, I'll go totally against the accepted culture and cold economical
reasoning - and start making gold out of the shit.

Another reason, starting a new coin has been a temptation, but that
kind of endeavor does come with some heavy pressure, and in my current life
situation I don't wish to bring that on me.

Third and final reason is that I simply like to build on what I've worked
on before, and I like a long story to see where it goes.

We thank you for all your efforts Yarkol. I do hope this shit can become gold someday.  :)

It looks like the community here is very small and I'm guessing many of those who have bought or mined in the beginning have forgotten about this coin. Marketing is also non existent.  But development has made much progress as compared to the state of the coin last year. The possibilities of what one can do with this coin is just unraveling. I hope the technical merits and ease of use platform will carry MIL through and make it mainstream.

MIL is indeed a long story and I wait in anticipation of what will happen next.

M I L L E N N I U M C O I N
Saturday
Night
Bulletin
#5


http://i60.tinypic.com/r1csnr.png



I have now the stealth address thing mostly figured
out and tested. This week I moved into the real features
that the stealth addresses serve as building blocks, namely
processing global delegate requests that I wrote about in
#3. The rather convoluted design that I expounded there is
already outdated, as I have altered and streamlined the process
considerably. Very briefly, a vendor relays a request to all
delegates with sufficient advertised balance. The recipients
of the message can then announce their intention to become
a delegate by publishing a one-time MIL address, and the actual
delegate is selected by a kind of lottery, based on the digits
of the block hash when the global request expires. This design allows all
nodes involved to arrive at the consensus as to who is the
selected delegate, and it makes impossible for a shady vendor to
misuse the delegate system.

So no, we're very far from having all the new features implemented,
in fact the all this time has been expended on laying the
groundwork and right now is when the real work - and fun (as well as frustration)
 - begins. But we're moving on with full steam.
 
The picture this time is a draft of the new logo.
It is kind of stylized onion, with the curved lines intersecting in a
letter "m" inside. It could be seen as a figurative expression of a delegate transaction, the
lines representing parties of the transactions, and "m" represents
a delegate. It also brings to mind the famous yin-yang symbol,
which nicely hints at the complementary interplay of anonymity
and transparency at the Glass Onion Market.

Now that I've explained the logo, let me add that I'm still undecided
about it. I'd be happy to receive some feedback. Do you
think that the current logo with 3D-style is better?

Keep it real,
Yarko

I would say it is better. Not everyone must to know why onion is here and that is just vegetable for them. Also original logo would be better than "copied" for someone who understand why. I know how hard is create anything and make something new, so big respect for what you doing.
In my opinion with 943k total supply MILs (according to coinmarketcap) and only POS coin  you have big chance to succeed. Constant work should bring many eyes here for sure. Many peope are watching, but not to many active in crypto.

Thank you. I however want to point out the current logo shows the vegetable even more prominently,
whereas the more abstract logo can be seen just as a nice line drawing.

One vote against so far.. Any more?

With regards to logos, I prefer simplicity over an exquisite design. I prefer the new one because I think it is easier to remember and easily recognizable than the one with the 3D onion graphic. The new logo with its centralized letter "m" immediately points to the coin - Millennium. In my opinion, the current logo's face plate  focuses on the onion, rather than on the name of the coin.

I also don't understand the "onion" thing. Is that a code  name for a technology? I probably missed reading it.

Logos can be subjective. If I had my way, I'll just let you pick the one you like best. You deserve choosing the logo because you have put so much work into this coin. Many of the rest of us, mostly are just waiting to see what happens to MIL or in true honesty, waiting to see if MIL can turn into gold. :)

One thing I noticed, you sure do like the color black. :)

Hi all,

I was away for a while, also my laptop broke down, so
development has been going on rather slowly. I guess I
need to buy a new machine, but then again my car needs
some attention too  :(

Not sure if I'm going to go on with the weekend updates,
because there really isn't that much attention. Maybe switch
to biweekly/monthly review?


TOR means The Onion Router.
Onion routing is a tech where your real IP address is being
masked by successive "layers" where you are being assigned a different
ip addresses by hopping thru a circuit consisting of relay nodes. 
You are assigned an onion address (somethingsomething.onion)
to represent your circuit in the network.

In the new MIL, you actually get two onion addresses. The other one is your
node that sends and receives the standard cryptocoin traffic (new block headers,
transactions, etc), and the other one is a web address, where you can run a
darknet site, if you wish.


This is darknet stuff.

Thanks for that explanation Yarkol.

I hope you continue the regular updates even if there is not much attention. It's for the sake of new users or new investors looking for new alternative secure coins. If there are major developments, a weekly update is ideal. If none, a bi-weekly schedule will do. I don't know about the others but I have gotten used to checking this thread for the regular updates. It's kind of refreshing to know that when you check up on MIL, you'll read something new.

The lack of attention to this coin in my opinion is due to lack of promotion, its very small community and the coin being thinly traded. Hopefully that will change soon, as in the Field of Dreams movie would say "If you build it, he will come." :)

I would say there is nothing wrong with the coin, also Yarkol working a lot here, but no volume on polo and poor promotion > no attention > no community (unless they are hidden here ;) ). This can change any moment. Community of the coin is very important and there is many ways to build it, knows simple methods like: giveaway, faucet, social media: tweeter, facebook, or interesting website, videos etc. I am not saying nothing new, just trying to give a point what is missing. Maybe current price is still to hi, coin need to become cheap to make buy pressure and allow to new investors get in easily, or get more buy support. Only 1mil total supply and pure POS is also positive argument.  

I'm going to write a bulletin next Saturday,
so stay tuned.

HarryPorter (or anybody), got a vote about the different
logos to weigh in?

M I L L E N N I U M C O I N
Saturday Night
Bulletin
#6


http://static2.fjcdn.com/comments/Ikaros+from+sora+no+otoshimono+because+ikaros+is+best+angel+_69e99f7831c469491aea7538697a26c4.jpg

There's no escaping it, folks. I'm admitting defeat.

The more I refine the glass onion consensual system,
the more I become aware of its loopholes. I still believe it
is possible, it's just that it should work in a whole lot
simpler way than in the convoluted manner that it has become.

So am I giving up? No way! But I simply haven't enough time at this point
to develop the Glass Onion. So it will go to the backburner,
to wait for some special insight.

Instead of consensually-tiered marketplace I'm
going to put together the pieces that we already have and make
a basic dark market application on top of the wallet. And in fact
seeing it in action will probably simulate my thought towards
better implementation of the Glass Onion.

To recap, we will now have

- 3 layers of privacy; Tor, delegates and stealth addresses
- onion website editor
- marketplace browser

So this is a stripped down version of my original vision.
But maybe I can work incrementally towards the final goal, and it would
be nice to get something actually out already.

I've talked with Bitcreditscc and he's consented gracefully to help in coding
the UI features. More news next weekend. keep on trucking.
 
Yarko

For a moment there, I thought you're already abandoning this project. :D

It seems the privacy layers are already tough enough. Additional features will be icing on the cake in the future.

I think ease of use of the UI will be a critical factor for the adoption of this coin. Howto's like your video tutorial ideas will also contribute much for newbies or not so newbies in understanding how to use the coin's features.

Even though I have some computer background, I was amazed at the lack of simple documentation or readme's when I started dabbling in digital currencies. It seems many coin developers were not very thoughtful in presenting to new users how to configure or use their coin wallets or how to use features of their coins.

Step by step and easy to understand instructions and ease of using an interface, I think will make MIL easily break into new markets.

nodes? cant  connection ???

addnode=7g7uxpbwwmkaakis.onion
addnode=h37psahr5r2jxhqy.onion
addnode=mm2cwrpnbcopkzto.onion
addnode=njsvq6y2cwxn47eq.onion
addnode=pnluxchbdpb2ulvg.onion
addnode=tbmri6ogyr4cnshw.onion
addnode=xuf4aiy6fsct6abu.onion
addnode=z23q7ggwbimlfj6c.onion

I truly don't understand why there is so little interest in MIL. Possibly the bad start by being a scam coin. Lets face it the scammers have moved on to scam others. What we are left with is YarkoL and other real investors who wish to see MIL successful. Remember that if you own MIL you should be as involved as possible to see it thrive. Being involved can be as little as posting in this thread weekly. Others who want to do more please step up. If you believe MIL is dead please sell me your coins because I believe MIL is just getting started.

I will set a buy order on Poloniex at 0.000015 BTC. Anyone wishing to exit please do so by selling to me.

My challenge to other investors is to post here just to let us know you are still watching.




Joe

M I L L E N N I U M C O I N
Saturday
Night Bulletin
#7

https://upload.wikimedia.org/wikipedia/commons/d/db/Blue_disco_quad_roller_skates.jpg

Yes we are getting started.. or moving on with
the usual relaxed near-stupified pace because of real life
demands and stuff. But I guess y'all know that song already.

Now it has been only now that I've taken a more in-depth
investigation into existing dark markets and their clientele.
Market research you could say. The field is usually dominated
by one huge site that then vanishes overnight, leaving two or three
of the bigger sites to compete for domination.

Of course, this is number one grief of the users, and therefore
a decentralized market could become a game-changer. But the
existing solutions are still in so rude state, that they have made absolutely
no impact into the landscape yet.

Besides, DNM users are people who are rather conservative
in their habits. If a decentralized market requires the user to hop through
lot of rings, it will not win their hearts. To put it bluntly, most users just
want to get some dope fast with the least amount of paranoia. They will not start to learn
multisig and encryption for the love of technology, but they want
them to be invisible and under the hood. All these facts have to be taken in
the account when designing MIL user interface.

Now that I've given up on implementing the Glass Onion in this version,
and gotten over the blues about that decision, I have slowly warmed to a  thought of contacting
some virtual private networks (VPN) to become vendors or at least accepting
MIL for their use. I think this is a very reasonable way for starting to get some real
practical uses for the fine tech we already have, and it would enhance the users privacy even
more.

That's all for now.. hey it's saturday night, let's all go rollerskating!
Yarko

Wow!!! I didn't expect someone to fill my order so fast. I now own close to 10% of all MIL.

Thank You.
Joe

That is good news or a good problem in some way. It means MIL's timing is just right. The tech is ready to be implemented in real world use.


I just read in cointelegraph.com that there are folks now competing to simplify the Ethereum wallet interface. Apple has proven that an intuitive interface is one of the keys to mass technology adoption. MIL's underlying technological foundation is ready. The next challenge will be it's human interface so it's features can be used easily.


Real world use is a big deal for many coins. I don't have any clue as to how other coins developers were able to persuade vendors into accepting or using their coins. I'll be watching with interest how this will develop.


Would it possible for you to write a blog article about MIL, explaining it's many features and how it can be used in the real world? And also the plans for the future? I'm thinking that an article about MIL can be sent to popular altcoin web sites to be considered for their publication. It can be the start of slowly letting other people know and understand MIL. Some folks can also use the article url to send to friends or other cryptocurrency online communities. I'm not sure if it will be effective though, might be worth a shot.

I'm not sure if it's just my internet connection but it seems the images on the first page are no longer visible.

Could one of the devs post a link to the windows MIL wallet, the mega.co.nz link doesn't work.

Thanks.

I got this file https://mega.nz/#!TJVQVQyL!M-o9b2nOK2mgpoHeYdFygOtJYpHLgrNTB8WH8B-h7r0 (https://mega.nz/#!TJVQVQyL!M-o9b2nOK2mgpoHeYdFygOtJYpHLgrNTB8WH8B-h7r0), downloaded when link was still active. It will install all packed necessary to run client in to tor network, after you install it just run ....qt.exe file. Is running fine for me, no problems with syncing or connection. As I know Yarkol is a developer of this software.

I think the server that hosts the files has gone down,
maybe E9800 will fix that, or we will open a new thread.

We need more trading activity, holding coin and waiting is not good enough. You can keep all coins if you like it, but with no volumen it may end up not to well. It doesn't cost to much to buy or sell something sometimes. It is useful if coin got right depth of market on sell side too (proper and spread one)  I noted there was few buys and some new investors, so let people get in, more of us then better for the coin. Even more - if someone's sell order has been eaten, he can place those btc on buy support (or part of it). If someone want to get out or push price low and scare others, look that there are some buy orders waiting to fill up, so thats not a problem,  but who gone stay after this? Let give some help to YarkoL. Are we have explorer to make coin more visible for potentially investors? How many coins are in clients and staking or on exchange?

Here's the MIL explorer. You can find various details there.

https://chainz.cryptoid.info/mil/

In order to have trading activity, I think you must have any of the following:

-genuine interest in the coin or interest generated by hype
-interest can come if the coin has some perceived valuable feature, the coin is being used in the real world, or there is perceived rising in prices that many may think that they might get left behind
-market maker or mover that can move prices, generating interest in trading, a whale in trading
-new rich investors who are willing to invest in the coin

Aside from those, I don't know how else can a coin gain trading activity. Can a sustainable trading activity be started and kept moving by a few holders of a coin?

I'd like to help but do not know how. I can only wish you more luck.

Is this project completely dead or is Yarkol still working away quietly?

Be a shame to let it go to the altcoin graveyard.

Your latter guess is correct.

Great to hear man :)

Dont forget to ask for help if you think theres anything anyone can do, in the mean time ill keep staking  ;D

Same here, also just staking.

It's good to hear Yarkol is still working on this coin.

Bitcoin is going up. If history is to be repeated, the altcoins will not be far behind.

A bullish market, a great MIL tech and with real world applications, that will be a fine combination for 2016! :D

So much volume on polo and nothing for this coin :(

Its great to be on Polo in the first place, i just wish this moved a bit so we could have bit of hope lol

Give up already.  Your coin is DEAD.  Just like your band without Tom.

I gave an entire roadmap last summer. Since the community response
was not forthcoming, it cannot but affect the pace of development. I have
lots of other things to do.

Even so, like always before, MIL will burst out from the shadows and
put its detractors to the shame. Patience is the key.

The coin is alive till got community, and someone who working on it. MIL is still on one of the best in my opinion exchanges - polo, YarkoL is skilled dev and always around. I see price and volumen not great, but market decide how they looks like.

My current sojourn as a software tester in a certain company
is about to end, so I'll have some more time to devote to this
project along with Bitcoin Unlimited with which I've been
involved with lately.

Expect more news next week.

YarkoL don't forget TALK ;)
If you find some time to patch it up and compile an up date it be much appreciated.
If you don't no worries.

In time maybe MIL and TALK can work on specific dev projects. 

What I like about TALK is that it is effectively devless, yet manages
to stay afloat. That is an example of true community coin.

Devs should be not leading the show for impassive spectators.
They ought to be semi-invisible wrench-wielding guys in the background
that become active only when something is wrong.

That would be ideal, the dev and the community all contributing to the advancement of a coin.

But at the start, someone has to lead, someone has to inspire and convince people that a project is worth supporting, either for the betterment of society or financial gain. I think that challenge falls on the shoulders of the dev or founders because he or they have the initial vision and expertise to develop the project.

With so many competing altcoins and scams perpetrated by many devs and their supporters, building and growing a community around an altcoin is not that easy.

That's why it's quite admirable to see some devs pursue projects amidst so many odds and challenges.

Thanks for the input Ianshop2010

Ok. It's time to start the spring cleaning!

The server that was run by E9800 is down, so are block explorers etc.

Could you or someone post the current block height?

im not sure about this technical stuff lol but my wallet says downloaded 734309 of 736146 blocks of transactions?

is that what you're looking for?

Yes, that kind of info is appreciated.

Would you be so kind as to post your getpeerinfo result?
(open console, type getpeerinfo and paste the output here)

yessir. here you go  :)
12:03:55

getpeerinfo


12:03:55

[
{
"addr" : "127.0.0.1",
"services" : "00000001",
"lastsend" : 1457629354,
"lastrecv" : 1457629354,
"conntime" : 1457625869,
"version" : 60014,
"subver" : "/MIL:2.0.1/",
"inbound" : true,
"startingheight" : 736146,
"banscore" : 0
},
{
"addr" : "tbmri6ogyr4cnshw.onion",
"services" : "00000001",
"lastsend" : 1457628051,
"lastrecv" : 1457628051,
"conntime" : 1457626477,
"version" : 60014,
"subver" : "/MIL:2.0.1/",
"inbound" : false,
"startingheight" : 736146,
"banscore" : 0
},
{
"addr" : "127.0.0.1",
"services" : "00000001",
"lastsend" : 1457628051,
"lastrecv" : 1457628051,
"conntime" : 1457627603,
"version" : 60014,
"subver" : "/MIL:2.0.1/",
"inbound" : true,
"startingheight" : 736146,
"banscore" : 0
}
]

Perfect, thank you.

I haven't run a MIL node for some time so need to sync.

No problem man, happy to help.

hit me up if you need anything else

Maybe someone with at least 736146 blocks
could make a bootstrap?

Get the blk files and upload them zipped to Mega.

if no one else can do that, im 800 blocks short of it being up to date, when it is, if you wanna walk me through that, ill send them to mega and shoot you a message with the info

Here's the latest complete blk0001.dat file of MIL as of about 30 minutes ago. It's a 208 MB zip file.

https://mega.nz/#!MZ90VCLA!qbgx2QvzlGaK07Un51l-xtFIaED1RAy8N6OWQBrtvLM (https://mega.nz/#!MZ90VCLA!qbgx2QvzlGaK07Un51l-xtFIaED1RAy8N6OWQBrtvLM)

hi the wallet link in OP and on site don't work? win version

Here's the MIL wallet I've been using and the accompanying conf file. Put the conf file in your C:\Users\YOUR USERNAME\AppData\Roaming\MillenniumCoin  folder. Just replace YOUR USERNAME with the username you use in Windows or the one shown in your C:\Users folder.  As for the MIL wallet program, you can put it anywhere you like.


https://mega.nz/#!wJd3SDxb!Fg1OpaS0PqFUMJLFvmT3b_M49X9iVZFTDFB2w1Jdw70 (https://mega.nz/#!wJd3SDxb!Fg1OpaS0PqFUMJLFvmT3b_M49X9iVZFTDFB2w1Jdw70)

tyty sir ;)

Great job, Ianshop2010!!

I'm now setting up a node on VPS and will host a webserver
plus explorer later. Now with the minimal required infra it's time
to resume work on code.

I fire up the client after a long break, synchronized quickly and easily - it is on #737191 right now. It seems that the network is healthy and always was as I had no problems with getting synced in the past either.

Right now at 737312, does everyone agree?

Yup, 737312, that's what I saw from my other wallet trying to sync awhile ago. At the time of this writing, I'm seeing 737340.

Interest in MIL seems to be starting to pick up. There's even some buying interest in Poloniex.

In case anyone is in need of reliable sync, here's the address of the
always-on node on VPS

MIL has been running exclusively on Tor network since 2014
without issues. I think that makes us the Official Onion Currency  :)

It looks like many altcoins are moving in Polo, MIL included. Here's hoping that MIL will take center stage someday. :)

Don't know about center, but I'm pretty positive
MIL will have a residence of its own somewhere
on the shadowy side...

I'm now implementing the minimal viable product as
described in the last of the dev posts of last summer.
Additional it will have split delegate transfers when buying
from a vendor.

Hi all, interested and following.

https://i.imgur.com/tAe3VZy.jpg
in MIL huge potential for growth , MIL pre-sell for 56500 sat. Max Coins: 1,000,000

max. coin 1mil -that not much?  so what is total number of coins today? anyone know?

moneysupply 952344.54566750
says my node.

thanks for quick answer, I like this number even more.

Wow, MIL trading is picking up.  Yarkol is back coding the next phase of MIL. And we are in, what seems to be a bullish BTC and altcoin market. Not bad, not bad at all for 2016. How's that for hope and inspiration? :)

If you are running a node or a wallet, please keep
it on if possible. More we have participants on the network,
the faster I can do testing and we arrive to the next upgrade
sooner.

In particular, it will be a huge help if I start seeing more
delegates.

For a reminder, this is how you set up a delegate.
In your wallet go to Options ->
Advertised Balance and fill in the percentage of your
total balance that you wish to put into service of anon
transfers. Then restart the wallet.

For instance if you have 250 MIL and make your
Advertised Balance 50, then when I issue
listadvertisedbalances on the console,
I will see that you have put 125 (50% of 250) coins for
delegate sending.

The advertised amounts do not need to be much.
Since I'm coding functionality
where anon transfers are split into 3 delegate transactions,
I will be testing this a lot in the coming days.

So please take advantange of the situation and collect
the delegate fees from my testing  :D

Just set mine up Yarkol. Cant say no to those delegate fees :)

Since i changed my advertised balance, my wallet said my coins arent mature to stake,
and now its been out of sync for a few hours.

Any idea why?

Hi! Adv balance will affect neither maturing nor
sync, as it's just a number written in database.

Possibly restarting the wallet caused the connection to
drop. To keep in sync, add to conf

addnode=wppdomsuhxfnjsaf.onion

I also set up a delegate wallet. I also experienced what crypto182 posted. Adding the entry addnode=wppdomsuhxfnjsaf.onion fixed the syncing problem. I hope the testing goes well.

Yeah man its working fine for me too, now that i added that node.

Thanks Yarkol

I have now concluded the testing of delegate splits
on live network, thanks for everyone who participated.

This feature allows to break up a single
transfer of coins to multiple smaller delegate transfers,
which helps untraceability of payments. So you can be
assured that this will make it to the upcoming release.

The next phase will be making the feature user-friendly
and as automatic as possible.

That's good news Yarkol. If I remember it right, that's one of the major features that anon coin enthusiasts here were asking from MIL.

What does it mean when there is a "sent as delegate" transaction in your transactions, but its in a blue colour? it seems to have sent
2 days ago, but i never received it back. Does the blue mean it never sent? In previous times, the sent coins transactions were red.

If you haven't got it back, then the delegate process
was not completed. That can happen for instance if
the original sender (possibly me doing tests) went offline.

Double click the transaction and press the "Retrieve"

oh wow that was really cool, it instantly retrieved it. thanks man.

This coin is so cool, and way more valuable than people think at the moment.

It retrieves instantly because delegate transaction is a
type of smart contract. It is a signed IOU from the sender
to delegate, which is voided only when the sender has
reimbursed the delegate. In case that does not happen,
all the delegate has to do is to broadcast the contract to
the network, and the coins committed in the contract are
transferred to the delegate's balance.

could you make some picture how its works, I think visual explanation will help to understand the idea of delegate transaction?

There were some images in the opening post of this
thread, but they were hosted on a server that wasn't
controlled by me and has gone down since. I'll see if
I can find them on one of my machines.

If you think of Bitcoin, you probably know that it has
something called "Script", which makes possible to
ascertain ownership of the coins. Every time a transaction
is broadcast to the network, all the full nodes run that
script to see that the transaction is valid.

Now Ethereum makes that script completely programmable,
which makes all kinds of smart contracts possible in
theory (in actual practice I'm doubtful it will work in
long term but that's another story)

Millenniumcoin is more modest:
it extends the Bitcoin's script operation set just a
little to enable just one kind of smart contract, namely
anonymous transfers via delegate, and it aims to
do that one thing very well.

Your explanation is very interesting Yarkol. I'm not a developer but because MIL already has a smart contract, would it be possible to extend that feature in the future to have other smart contracts for other purposes? The idea is that from  a coin designed for extreme privacy and anonymity with an infrastructure for vendors and buyers, another layer or feature set will be added to enable other smart contracts like those being pushed by other altcoins. Does that make sense or even practical?

That makes sense, but whether it is practical
is another question.

When you extend the script, you also need to
extend the protocol. In MIL we have about a dozen
additional network messages to make the delegate
process run smoothly and semi-automatically, and
right now I'm adding few more for the split transactions.

All this adds to bandwidth requirements and extending
the script increases the need for processing power
as well. With regard to MIL the bandwidth issue is important
since we operate on Tor. I hope to include a significant
optimization on the level of communicating block data
- more of that later.

Perhaps there are some additional contract types that
could be supported by the existing functionality without
placing too much pressure to network, but I don't know
what they are. I'd rather specialize and do one useful
thing really well than cause a feature bloat.

Thank you for the explanation Yarkol, that was very informative. I can't wait for the next version of MIL. I have a feeling you have some pretty cool surprises. :)

when i try to run my wallet, its not working and i get an assertion failed message?

if i click ignore, i get an error loading blkindex.dat popup

anyone know what i can do?

I think your block database has become
corrupted for some reason.

Before anything else, backup your wallet.
That's wallet.dat in your data folder.

You need to re-sync from scratch. Download
IanShops bootstrap file.

https://mega.nz/#!MZ90VCLA!qbgx2QvzlGaK07Un51l-xtFIaED1RAy8N6OWQBrtvLM

Delete everything in the data directory except
the wallet.dat - which you have backed up - and your
MillenniumCoin.conf.


Unzip the bootstrap file. Rename it to bootstrap.dat if it
wasn't that already (I don't remember). Put it into the
data directory. Restart. The wallet will read the block data
from the bootstrap and afterwards it will sync with the nodes
in the conf file.

This kind of thing happens infrequently with altcoins. What I have just
described is a very basic procedure. The fact that no one but me has
responded tells something about the size of the community.

Many of the original supporters or community of MIL when it debuted in Poloniex with its ICO are probably gone now. We all know what happened after that ICO. The community maybe small but if I take a look at the page views of this thread, there is some interest but the readers are just quiet.

The hope that is giving life to MIL now is your development,  innovation and hard work for MIL. A new bigger community may come when they see the unique features of MIL when it is complete. Trading has picked up for the coin and you are now giving updates on development. I hope it's just a matter of time for the community to grow.

Thanks for the info Yarkol.

I followed your instructions and now my wallet opens, but ive been out of sync for a day.

I added the node you posted a while back as well, so hopefully it connects to the network soon.

In terms of the community, i think Once word gets out that we have a really great and honest dev, who in my experience alone, has
been beyond helpful, combine that with the really interesting and unique idea here, im sure people will see how valuable this project
could be, it may take time to build it bigger.  all we can do for now is share the info and tweet about it and hope that people jump
on board.

I had been doing some things on the server
and had stopped the node - sorry about that!

It's back now.

haha no problem man, i woke up today and it was fully sync'd and up to date.

thanks again  ;D

Wow what a big price hype on polo. why is that?

Maybe someone came across this thread
and thought this was a bargain.

And that my friend wouldn't have been
very far from the truth.

Almost every day I check this thread for news and also the daily trading of MIL in polo. My jaw almost dropped to the floor today when I saw the 50 BTC worth of MIL traded. Somebody scooped up that many MIL. Wow! That will surely attract attention.  :D

As for me, I only learnt about it when
VladimirAmfodent posted here, above, and by
then it had already come down a lot.

I'm not sure if this occurrence will convert to anything
useful. No new nodes are appearing, and no traffic
in this thread. Just some confusion on the poloniex
trollbox (although one or two comments I've read there
indicate an understanding of what we're aiming to
accomplish here)

To tell the truth, that kind of crazy hike is a
symptom of an unstable currency, and I did not
anticipate such a thing happening before the
next release. At the same time I'm happy for those
holders who have had faith for so long and I hope
that some of them benefited amply.

A status update - I'm still working on the vendor/buyer
communication with regard to split transactions. After
that another test round to see that the retrieval works
as it should on splits. At the same time I'm looking for
a new employment, which can again be a slowing factor.

Thank you for tempering our expectations Yarkol. If I remember it right, this is the only time that a big investor bought that much MIL for that big amount of BTC. You are right, if the coin has generated an interest in someone or some group, new nodes should appear and trading activity should be high for a number of days. Whatever the reason of the buyer, I still welcome it as a positive development.

Increased traffic in this thread can take some time, as some details about MIL in the first page need to be updated, especially with the new features you are adding.

Thanks for the update, I hope the testing goes well. I also hope you find a good employment soon. If by any chance MIL gets the interest of traders, that would be great and may give you more time and resources to concentrate on improving the coin.

Happy to see this coin doing well, wish you to stay on uptrend for long. ...Since now I shell keep visiting this thread more often.

What's also interesting is the volume of trades. I haven't seen that amount of BTC coming into MIL trading for a very long time.

MillenniumCoin blockchain, currently in sync, is available for download from CryptoChainer.com (http://CryptoChainer.com)

Thanks Steve321

An interesting thought just occurred to me ;) .

Did you know that the earliest version of Satoshi's Bitcoin (0.1)
included the beginnings of an implementation of a P2P marketplace (https://www.reddit.com/r/Bitcoin/comments/2pm6oq/opened_up_bitcoin_01_in_wxformbuilder_to_see_that/)?

He apparently thought that for Bitcoin (or back then it was BitCoin)
to catch on big time, it needed to have some real-world use in the form of exchanging
goods and services right from the wallet.

Well, that's exactly the same kind of thinking we are advancing here.
So you could even say that MillenniumCoin is picking up Satoshi's original vision
from where he left it.

Except that we're way, way more anonymous  8).

http://i63.tinypic.com/10cr8lf.png

someone wants to buy a large piece of the pie

https://i.imgur.com/NTQ1N0R.png

Hi Yarkol,

Last night, I saw a delegate transaction appear in my wallet. It is in light blue color. It says it is an unfinished delegate transaction. I tried to double click on the transaction and click retrieve, but it says "transaction unknown." How can I retrieve the coins used?

Hi Ianshop

Could you give the txid so I can look into it.

I'm currently doing another testing round, so funny things
might be occurring .

Hi Yarkol,

I sent to you the transactions details via pm. When I saw the delegate transaction, I figured you might be doing some tests or someone was already using the coin for real. :)

Very strange, as the volume is really picking up and
we're getting nearer to a major release.

I'll be in contact with Polo. In case they really drop us,
I think Alcurex will be happy to relist MIL

That's also what immediately came to my mind. Increasing volume and number of trades. But was included for delisting? Strange. I hope it was just a mistake.

I was hoping it will not happen but MIL is no longer tradable in Poloniex. My cheap bid was not even hit even with the announcement of delisting.

I hope MIL can be listed again soon in another exchange. Good luck MIL holders.

With regards to Polo, I wrote to the addresses that I got when
I was fixing the wallet problem they had back then. No answer.
I then asked a guy I know that used to work there if he could have
their ear; they responded by saying that I needed to raise an official
ticket, which I did It is still in the "Processing" status.

I asked Alcurex, but got only a vague answer. They used to list
MIL but apparently no one traded there so...

I'm thinking of quitting, not just MIL but crypto entirely Too
much ill will, and it is not fun anymore.

There are others and more serious tasks and needs that we humans should
be occupying ourselves with than providing new platforms for financial speculation.

Yarkol,

Maybe Poloniex and Alcurex will respond one of these days.

I understand if you want to quit crypto. I read many famous personalities in crypto already quit or took a long break for one reason or another. (from Dogecoin, Litecoin, and even Bitcoin, to name a few, if I'm not mistaken)

It is regrettable that this has to happen in the midst of new ideas in digital coin development like Ethereum and others. This year 2016 is a good start for MIL with a bullish bitcoin and altcoin market. There were some setbacks when we lost the MIL explorer (was not renewed) and I noticed E9800 became inactive. I read he was one of the most active proponents of MIL.

The positive was that you started developing the coin again. Adding to that, trading volume and frequency in MIL were also increasing and the nearing next version release seems to be a game changer in crypto and coin anonymity.

Whatever your decision, I'll respect it. I considered MIL a dream investment, it was a long shot but like they said, it might just happen. At least you care enough to settle the fate of the coin rather than leave supporters in the dark like what other coin developers did. Thank you for all your efforts.

where can trade?

poloniex have delisted this coin!

Prompt teapot, is it possible to translate something like the millennium in Bitcoin for early thanks

Bad to see such a great coin got delisted. Really did not expect that since price and volume were picking up big time...
Yobit?

I like exchange ?

Chinese exchanges? It could be a good idea and could give MIL a new start in a new market. How about it Yarkol? Would you reconsider? :)

exchange?

yes I have Millennium Coin  and I like to sell ?

why buy?

i have to sell

have still alive?

alive ;)

where can trade?

dead? >:(

https://poloniex.com/exchange/btc_mil

Nope

Any chance MIL can rise up from the dead? A Chinese exchange is one good option for relisting.

Too early to say

can sync?

Dead ? Can i borrow the code ?  :P

Open source code, you are absolutely free to do whatever you want
with it.

Of course it is always for the better if you know what you are doing and
can explain it to others.

I seem to get the gist of what is going on, but if you have some time , I do have some questions. This is such a unique functionality, wonder why more aren't interested....perhaps something to do with "knowing what you are doing, and explaining to others".

If you have a few moments, i'd really appreciate a quick chat. Are there any coins that have/attempted to use this code as well ? Would be nice to see it in action.

Any questions you got, shoot it here. I confess I haven't looked at
the codebase since I dropped the project. But if you're seriously on to something
I'll be happy to help.

I was interested in this idea since the beginning but sadly it never did go anywhere. Please if you could let me know if you decide to do anything with it I would appreciate it. If it ever goes anywhere I would very much like to be in on the ground floor.

Same to you too YarkoL. If anything interesting ever happens or is going to be happening please let me know :).

Well what do you know it's like a gathering of old friends...

But sadly I don't think there's anything going to happen on this one anymore..

I would also support you guys in any way I can.

Good lord, now even E9800 is back. What is going on?

I'm all for resurrection, but again, at this point I have even less spare time
than I had back then.

Any progress on this? I found an old wallet from 2014 for this..

Thanks

No. But I may have something new coming up. You'll be informed if
and when that happens.

How can we help to make coin alive?

I'd back YarkoL 100% on a new coin. MIL started out as a scam and it's just too hard to come back from that.

What I'm working on is a new coin with nothing to do with MIL
or it's delegate system. However I believe it will be much more
innovative.

E9800 is right, the Millionairecoin was scam and the main reason
I took on developing it to something more interesting was mainly
to challenge the "logic" of greed that dominates the cryptocurrency
scene

Similar to the situation with monero.

Not sure if you mean that Monero is afflicted by this
culture of greed, or is trying to get above it.

I know for a fact that a certain Monero dev who used
to bash "shitcoins" took part in altcoin pumps
and dumps at the same time, and I suspect he wasn't the only one.

I mean it was started by a scammer but taken over by a new developer.

But I am interested in who took part in an altcoin pump and dump and what the evidence for that is.

Hello YarkoL!

Any news about the new coin you are working on? What's it's name? Could you link us to a thread if there is one?

No thread, just a github repository for now, under another name.

At its most basic the idea is to build a virtual reality that runs on blockchain.
You can buy, sell and develop properties. It will be very accessible and low-end,
and you need just a modern web browser and a smartphone with a decent resolution.

I hope to get into this full-time so my schedule is to have something ready by
next spring.

I'll have some sort of special offer for everyone who has contributed to this thread
from the beginning until NOW as a compensation for the MIL you have invested in.

Awesome, thanks! :)

I still have MIL coins since it was delisted in Poloniex. I always wondered if Millenium will be revived. I guess not. How about some sort of swap of old MIL coins for the new one if ever it materializes? :)

No, since I don't want to subsidy inactive holders of Millionairecoin, just
the people who contributed by giving feedback in the threads.

Lets bring this one back!!! The is a great coin.

You got a point there. This year could be the best time to launch your coin when there is a bullish market and many are interested in crypto. Too bad to see MillenniumCoin finally go. I was the one who suggested the Millennium name of this coin that was chosen.  I just can't recover my old account (lanshop2010) to prove it.   :(

I hope your next coin will be a success. We are interested in taking part in your project again.   :)

Oh you're ianshop? You're in, of course.

However this week I learned about very similar idea as mine,
using even some of the components I was thinking of employing (A-Frame),
only that it is built on Ethereum.

https://decentraland.org/

I need to study this more before decxiding what to do.

The thing about MIL is that it is pretty old by now. The escrow
functionality that it implemented can be done more safely and efficiently
with scripting in the more modern versions of Bitcoin. The reason
that it has not (to my knowledge) been done is because of the
vulnerability in the off-chain negotiation process - something that
also always worried me with MIL

Anyhow keep us updated :) To be honest I would be interested in pretty much almost anything you will do :) Regarding crypto projects of course :)

 such a great coin got delisted. Really did not expect that since price and volume were picking up big time.good to see it

take back？