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Any updates to share? Silence before the storm?
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Will this video also be posted on the official DASH YouTube channel? As the above link links to an unknown channel, at least for me. Thanks for sharing though!  That's just awesome! The guy has 47k+ followers, great exposure!  |
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Strange, that should only take a few mins.
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I agree.. However, the "Swap in progress" message has been there for a couple of days already. @dev any word or news from Bittrex? |
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The signature campaign was, by far, not as successful as the Twitter campaign: 9 vs 200+ attendees.. I always thought signature campaigns were the more popular ones, guess I was wrong. |
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Seems the auction has hit the 22BTC mark right in time, congratulations to those involved! Any date available for when the crowdfund will be starting? Crowdfund will be starting, I hope, when and only when we have it all planned 100% and are in consensus about it, after we've thoroughly researched all the available options. Couldn't have said it any better, I totally agree! For any newscomers, feel free to join the Official UNIQREDIT Slack: Join here. (Automated invitation link) |
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Very nice, about to reach 60 contenders for the Twitter campaign! Wondering why people prefer Twitter campaigns over Signature campaigns.. You guys should check out the PIO Signature campaign as well, much more people are needed! |
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You are right, it's about time, I'll try and give an overview of all the "fields of work" that keep me occupied right now.
Will do that this week,...
That sounds great! I am definitely excited to see what you're up to. Likewise, curious to see what the progression is. |
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Howdy fellow Spreaders, how does one get access to the SPR Slack channel? Unless it's public/open and I completely overlooked... |
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Ahhhh cool.
So when you say basenode you mean a simple full node?
I like the idea of mining via nodes, very unique approach.
Is there a set of instructions i can follow to set a basenode up?
By the way, i synced my wallet. All ready for v2.
Welcome! As far as basenodes are concerned, perhaps dragosdbi can help you? And not to forget.. Currently a lot of discussion is happening in the BCR Slack channel. For any newcomers or people interested, here's an auto-invite link to the OPEN/PUBLIC official BCR Slack channel: http://bcrofficial.herokuapp.com/ (No validation/confirmation required!) |
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To improve the readability of the recent post by bitcreditscc aimed towards the community I decided to add titles. In case you find any mistakes, let me know! Dear Community
Communication & apology
Many have raised concerns about my failure to communicate recently. This is in part due to my own RL problems , but also because i had nothing to report until i completed the design and crafting of BCR Phase 1 . (Lending Platform)
So allow me, to start by apologizing, and I promise to try my best to find something to say every now and then...
Chain swap & new exchanges
We have decided to implement the chain swap to v 2.0 on the 6th of June @ 00:00. Please ensure that your coins are in your local wallet and fully confirmed at this time or risk losing them during the balance import. This means also that Bittrex and Chainz will go offline as they also move to the new chain. And while we are on the subject of exchanges and services, I am counting on your support to push hard to get BCR V2.0 listed on other exchanges.
BCR V 2.0
Change of algorithm
I have decided to move away from momentum algorithm which has served us well but fails to meet the standards I have in mind for our future. As a result. we are going to sha256, with a view towards merged mining with other sha256 mining to make the most of our "green" commitment. Further, the initial assets integration has been sidelined in favour of a more comprehensive and user friendly implementation (more on this when specifics are finalized).
Money supply reduction & bidding
Money supply in v2.0 will be reduced from 210 Million to 50 Million. This is part of my idea to begin normalizing prices, as well as keeping sanity with regard to numbers and dust. Along the same lines I have acceded to the vote to keep Bidding as part of our system, however this will entail changes based on lessons learnt from v 1.0. Of particular concern was that some "bad" miners could at times make off with coins rightfully meant for bidders. To counter this a variety of measures are in the works, but mainly, i will be raising the minimum threshold of bids to 0.005 BTC, anything below will be ignored. Also, effectively users will have to bid in the first hour of the day , ie between 00:00 GMT and 00:59 at which point a hard file will be created for the days bids. By having this hard file and it's contents checked at every block, I can ensure that every coin goes where it is meant to.
Voting model
Thus far i have not yet settled on a voting model , our previous version was ineffective, and the Dash version...nope, i have to come up with one better and more suited to our requirements. Therefore we will have to wait until the lights come on in my mind and i implement a vote system that can adequately present the collective will of users.
P2P FX platform & release candidate
As for the P2P FX Platform, out of the three proposed systems i have finally settled on the client-server-web design and am nearly done with it's implementation. An unpolished Client-Side release candidate has already been made available for you to familiarize with and also point out any potential issues pre-launch.
Masternodes & 3-Tier network
As you know we had ported Masternode code with a view towards using it's structure, but ultimately, during development, i went balls deep and I have now written my own, far better suited to an expandable p2p financial instruments platform. This means we have a three tier network, clients, servers and websites. For an idea of how some aspects will work, If you look at the client side you will find that it has a loan manger module which acts as a clients way of accessing and using the system, the server side has loan manager and loan server module, with the web end having a loan monitor module.
System workflow
The overall system works as follows :
new user joins network with new wallet, they will have zero trust , zero credit rating rating and zero balance .
They can either mine coins (highly inefficient ) or buy some.
The more they interact on the blockchain, by sendiing , receiving and accumulating, their activity is logged and used to build a profile which then helps calculate their trust rating. While the are free to request a loan right from the start, noone is likely to lend to someone with zero trust. Eventually, their trust rating can get high enough that a lender may decide to lend them. If they return the loan on time and without hassle, they gain credit points. The more they repeat the process, the higher their trust and credit ratings.
Now, some users may decide that right off the start line they want a boost, so there is a option to register an address , a registered address starts with 10 trust points and 2 credit points. This allows serious users to immediately be able to attract potential lenders. The registration also acts as a barrier to entry against potential scammers who would just start a wallet, get a loan and abscond. The process of using a unregistered account to earn trust and credit to the point that lenders do not hesitate is intentionally time consuming and labour intensive to ensure that the amount of resources used in gaining those ratings will not be easily discarded , acting as another barrier to entry against fly by night scammers.
While users can access the loans DB from inside their wallet, the web interface will act as a more visually appealing and centralized overview of the loan book and general system health. The web interface will take a bit longer to complete , but it will be done soon after i complete the server side.
Open source
Another thing to note is that i have decided to open source the client side only, server side and web interface will remain closed source until further notice.
Phase 2
Part of the Phase 2 will include addition of fiat processing in wallet, ie , in the near future, you can bid, or loan users fiat....
Anyway , more on that after a successful v 2.0 phase 1 launch.
Please feel free to ask questions.
~M
Things look really promising, very curious to see how this will unfold. It's been a rough ride the past year, but it seems the dev has finally found his way. Step by step great things can be achieved, congratulations! Now it's a matter of time, but you have my support. Oh, before I forget.. Currently a lot of discussion is happening in the BCR Slack channel. For any newcomers or people interested, here's an auto-invite link to the OPEN/PUBLIC official BCR Slack channel: http://bcrofficial.herokuapp.com/ (No validation/confirmation required!) |
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bang bang boom boom, your 190K sell wall is gone Someone doesn't want to miss out on CHIP?  New all time highs on price and market cap. Graphs like these are sexy..  |
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It is quiet here!
It indeed is quiet here, but development is still ongoing! Here's an auto-invite link to the OPEN/PUBLIC official BCR Slack channel: http://bcrofficial.herokuapp.com/ (No validation/confirmation required!)didn't get any invite Can you try again? Should be working.. |
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It is quiet here!
It indeed is quiet here, but development is still ongoing! Here's an auto-invite link to the OPEN/PUBLIC official BCR Slack channel: http://bcrofficial.herokuapp.com/ (No validation/confirmation required!) |
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Almost done... Having some last minute issues here.. And Luc created us a slack channel tonight.. I don't use slack myself, so I need to get the hang of it first.. But I think I'll manage I tested a bootstrap load with a clean wallet today, and it was fully loaded and synced within 45-55 minutes.. In comparison to a fresh sync without bootstrap which takes about 2-3 hrs.. I will include the bootstrap with the wallet release.. Meanwhile.. keep staking guys! The network weight is having an overall steady rise the last few days Yep! Working on a Slack auto-invite link, so we don't have to manually add email addresses. The link will be shown in the new ANN, which matches the new wallet's styling a lot better. Meanwhile I'm still staking and waiting patiently for the new wallet to be released. Keep up the good work Banzai! |
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Welcome aboard sir, keep that quality discussion coming! Good having you and seeing you around the BCR topic. They have been 'basenodes' for a while now, although 'bank' still appears in the sourcecode in a bunch of places but that word shouldn't be end-user-visible anywhere. Nomenclature remains fluid at this point. There was talk in Slack today about possibly rebranding from 'Bitcredit' to something else to accompany the launch of v2.0... suggestions welcome. Agree, both names can still be found. However, things are most likely be cleaned especially with the move towards v2.0. Slack is open invite. Bcrofficial.herokuapp.com As far as I can tell the 6 mil was broken up and sold in the past day. (There might be 1 mil waiting payment but spoken for) The goal was get the premine out of the devs hands to eliminate it's stigma. And get bitcreditscc dev some funding for the project he has been trying to raise for a while. It's a double win situation, and the icing on the cake is that the 6 million were broken up and did not go to a single user. All has been sold and paid for by now. Great explanation about selling the pre-mine, +1 on that. Glad it's finally dealt with, time to focus on v2.0. For those who are looking to join the BCROfficial Slack: http://bcrofficial.herokuapp.com (Auto-invite) |
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I'm trying my best to understand what the hell is going on here, as I really didn't see a shitstorm of such extent coming... Now, I don't want to pick sides or get in between fights among some of you guys, but I think Stonehedge really raised some valid points. Truly opening up to the community by being transparent, involve (new) people, and admitting/solving setbacks is a great way to become stronger (as a project) and move forward. Unlike many of you guys, I haven't been active in this topic on a daily basis. So I can't really say what's right and what's wrong. But whatever the outcome may be, I'm strongly convinced the Spreadcoin project will adapt and overcome! However, Stonehedge, something that slightly bothers me coming from you... Really? ...
Talk to people! Stop disappearing for weeks on end, start telling people what is happening and start sticking to your promises.
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This is slightly getting out of hand guys.. As much as I respect everyone's beliefs and opinions let's just stick to crypto. Also, it saddens me to see some early-adopters and long-term supporters leave the project. For now I'm here to stay, and will keep an eye out for upcoming updates. Good luck @georgem and anyone else involved! |
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No news? CHIP has a future?
Chip definitely has a future but with a 1 man team, progress need patience. I am sure Banzai would like help . If you have shill and time please PM him. Saw Banzai online on Skype and reached out to him a little over a week ago, but still haven't heard back from him. We used to chat on a daily basis, so I honestly have no idea what's going on. What I do know is that he's a trustworthy guy and dedicated to his cause. However, ever since he got a full-time job he simply might be lacking time to work on anything else. Let's not forget he runs a household which requires time, money and effort as well. Whatever reason he has for being absent, I hope all is good to him and his family. |
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Updated, thank you! |
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