Saw my transaction, I sent my "donation" via Coinbase. Will that be a problem, since I don't own the private key?
Well, so how does this coinbase system work? Do you have any type of key? I know that some coinbase users have at least "one private XPUB key" and "one encrypted shared XPUB key". But there is still this thing called Vault where I fear you have no key at all. I have no idea 1. why coinbase would want to implement such thing and give their customers no control about their BTC whatsoever 2. how you could cryptographically prove (to the protocol) that you have actually performed a certain transaction. I am open for any suggestions. It would have been a lot simpler to follow the instructions which (when I remember correctly) said "only donate if you have the private key to the first input to your transaction". Maybe you got one or two ideas here (regarding point 2)? EDIT: Just a thought, does the coinbase vault always send from the same address? Or you not only have no control of your private keys but also no control where the money goes to or comes from? You should really think to change your preferred wallet! If this is the case, then you can say BYE to your BTC if their site ever gets hacked, the database and backups get corrupted, or anything else. It's always best to be the only person who has control over his own BTC. Let's say I get this resolved with Coinbase, how will you distribute XEL? You're just going to send them back to the BTC address that were used to donate? Whats so hard to understand about it? Basically the same procedure we use for voting. Generate XEL address and sign message with your BTC Key: "My XEL address = 7h3h38883hdhdh8" Done. |
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lol i ask "is your body ready!?!" is your lambo in town?!?  |
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I'd prefer to not talk about lambos before we fund bigdeal.
I'd prefer to not talk about lambos even AFTER we fund bigdeal. |
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Sum of this is 49Ti and We are about to reach the BIG DEAL and we all become millionaires in terms of USD (you know that!).
oldisoft, how many iotas we have to keep to buy a Lambo?  depends, if you want to actually use it, or just have it ;-) Indeed, there is always a difference between affordable and buyable.  Lambo and such things you need 3mio$+ otherwise you are overspending your income. |
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Ach so ein bisschen kann man da doch reinlesen, hängt halt auch immer von der Zeit und Muße ab.
Klar. Aber ich verstehe den Sinn nicht, hier die immergleichen GODMODE-Analysteneinschätzungen ellenlang zu quoten. Wer den Krempel lesen möchte, kann sich auch gleich dort zuballern lassen. Aber, jeder, wie er mag. Wir sind hier ja schließlich in "Der Aktuelle Kursverlauf". Ich hab den Bub gleich zu Beginn auf Ignore gesetzt und gut is. |
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The last record in the genesis block here ( https://raw.githubusercontent.com/elastic-project/genesis-block/master/genesis-block.json) reads: {
"btc_amount": 0.8082131,
"mir_amount": 0,
"btc_tx": "c091160dcaaaac6879cdfd7726a200801670a9f31bf7a7c531e0ae7b77f6e70e",
"btc_block": 425929,
"owner_pubkey": "04810e546fd2472a6ff9d6b7413ef663bc34231f460b1724080a94f2674d4264dd136af52cd1b9b987263ba198bccde1cf4b304c616e04fde67a4c2308d1b2df89"
}Does this mean this guy will get exactly 0 XEL..? So this donation becomes a pure altruistic act, regardless of the intent of the donator..?  I guess his BTC amount will be sent back to his sending account. Not sure. According to OP - "as a general rule, all donations by their very nature can't be refunded". But anyway, let the guy speak for himself; maybe he is ok with this, who knows. In fact i know him and he is pretty desperate in regards to money. He has an account here at BTT "Architron" but hasnt been logged in since years i suppose. |
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lol@that 7 year cycle
perfect example of: i see what i wanna see.
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The last record in the genesis block here ( https://raw.githubusercontent.com/elastic-project/genesis-block/master/genesis-block.json) reads: {
"btc_amount": 0.8082131,
"mir_amount": 0,
"btc_tx": "c091160dcaaaac6879cdfd7726a200801670a9f31bf7a7c531e0ae7b77f6e70e",
"btc_block": 425929,
"owner_pubkey": "04810e546fd2472a6ff9d6b7413ef663bc34231f460b1724080a94f2674d4264dd136af52cd1b9b987263ba198bccde1cf4b304c616e04fde67a4c2308d1b2df89"
}Does this mean this guy will get exactly 0 XEL..? So this donation becomes a pure altruistic act, regardless of the intent of the donator..? I guess his BTC amount will be sent back to his sending account. |
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Btw looks like we have with 100M a clear favorite so far. |
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Well they are all donations, do you expect them to just keep it in their wallet? Just with that rate of spending in about one month there will be no more BTC for developing. I'm just curious if this amount was spent or moved somewhere else. Another curiosity is that all that BTC where pushed trough mixing/laundering software. I know @Lannister is trying best to be anonymous but some info would be good for us all. It's all good , they should have some real $$ to live vs having BTC. You can't pay bills in BTC (yet) or your children's school they probably want to hedge against possible BTC drop, that caught ETH out BTC drop - wtf??? are you insane? laundering these btc makes me think this was a fake. say bye to your btc Don't rush your tongue. @Evil-Knievel had to sign those transactions so I think once he show up here he will give us more info. What make me curious is what @Lannister told to @Evil-Knievel that he signed all those transactions with his key. Perhaps just moving BTC to another address I hope. Would be awesome if there will be some BTC if some other developer want to join in few months. they are free to do with those BTCs whatever they choose to. if they spent it all on coke&hookers no reason for complain, its not like those funds were thought for further work that has to be done or something, they were though as voluntary donation to make this project real. thats it. nothing to discuss imo. |
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the remaining funds should be distributed among donators as initialy planned
I totally agree with that! I also totally agree! No problem, but what if more funds will be needed in the future for the development? Many coins have such funds, and 93.5k XEL isn't anything substantial, but it can grow to nice $$$ over years, so XEL will have an advantage over other coins. Why can't we vote it? You cant vote to breach a treaty. Even if there would be a 90/10 majority it would be wrong cause in its initial terms it was exactly stated that those funds will be deployed. But that being said, no one hinders you/us to setup another development fund that is donated voluntarily. The voting for changing the supply isn't breaching the treaty? For sure nobody gets confiscated his funds in a forceful way. Altering the total supply might be a change to the initial plan, thats right, but i doubt that even in front of a court a claim would have any chance of being heard. Its basically nothing else than a https://en.wikipedia.org/wiki/Stock_split which happens everyday in the world of finance and is nothing to complain about as you are not being confiscated anything. While in your scenario someone would be forced to give away value that he didnt want to give away. Thats something COMPLETELY different. But like i said there is always a way to do this by free choice. Also the devs could take some of those BTC and buy XEL with them, just to be sure to profit from an eventual rise in XEL value. |
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the remaining funds should be distributed among donators as initialy planned
I totally agree with that! I also totally agree! No problem, but what if more funds will be needed in the future for the development? Many coins have such funds, and 93.5k XEL isn't anything substantial, but it can grow to nice $$$ over years, so XEL will have an advantage over other coins. Why can't we vote it? You cant vote to breach a treaty. Even if there would be a 90/10 majority it would be wrong cause in its initial terms it was exactly stated that those funds will be deployed. But that being said, no one hinders you/us to setup another development fund that is donated voluntarily. |
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Just a hint: If you like more options, its possible (and wanted) to vote for more than one option.
EDIT: I have just voted for 5M and 21M.
is there any particular reason that speaks against 100M? |
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My 699 XEL have spoken
21mil sounds like a nice compromise and thankfully for me it seems to be a clear winner.
I should say however that such votes with multiple choices where only one can be voted are seriously flawed in determining the best possible outcome
Just imagine a case where many choices were roughly equal in popularity but one slightly ahead. It would win even if in fact it is a minority.
For example
5m - 24%
10m - 22%
21m - 20%
100m - 15%
500m - 14%
1b - 5%
It makes sense to assume that voters of 21m and more would prefer 10m to 5m but 5m won.
That's why such votes need to be repeated by eliminating the weakest participants each time, or by letting voters rank all choices (choice1 gets 6 votes, choice 2 gets 5 etc)
We will almost certainly not have this problem but it should be taken into account for future issues
why are you assuming so? we discussed this since days now in this thread. you are obv able to vote for multiple options because of exactly this mentioned issue. |
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Quick question, how Sybil attacks are avoided in elasticracy (bitcoinocracy), if someone votes than shuffles the coins around and votes again?
its voting per address, so shuffling coins around wont change anything |
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I hope we gonna have a 2 stage voting, because the spread of votings for different options will be hight and 5m will definetly win.
not if you are able to vote for several different options |
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nice! thanx evil! don't forget 500M and 1B as voting options. |
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yes, marketcap of 5m would still be undervalued imo. but dont forget that we have competition out there, golem is in the works also. and someone mentioned Tau-Chain as aiming for the same task, but i dont know much about that one.
edit: also a transpiler could be needed to achieve full usability and accessibility.
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