I probably should pitch in a little bit.

We take the view that multiple projects will develop anon systems, if our userbase demands some form of chain level anonymity, then in the future we will find the most proven mature implementation and add it to the core. That's if they demand it, we hope adoption will drive innovation rather than innovation driving adoption.

Further, we enable off chain pseudonymous instant transactions within every implementation of marking, and feel going off chain in such a manner can do much to make transactions harder to trace and piece together. Whilst also making them very usable by being instant, micro trust. Transparency can still be enabled by users simply saying I am 'address' and also domain/jim and otherdomain/bob and sms:0012348823838, but that's optional if they wish. Of course there is still a chain for larger transactions, cold storage, and fund management.

Regarding the current situation, I cannot yet tell if BCX's attack is social or technical, or both. I only hope that people do not lose their life savings, that is my only concern.

In my honest opinion, as a programmer, if somebody finds a bug in software they should report it, and offer a fix if they have one. More so when money is involved. To use it as an exploit for financial gain, or as a social weapon, or to gain some kind of short lived reputation, I feel is unethical. If I had knowledge of an exploit on any currency, I would personally not do this.

Perhaps brighter, is that many decent minds are coming together to share thoughts and have insightful conversation, without promoting single solutions to technical problems. It looks like the community is starting to change to be less money oriented and more interested in things that really matter. This is reassuring to see.

I'll continue to follow the discussion quietly as I have time.


There are some.

If only somebody would invent a way for users to crowd fund software with a single click, maybe whilst also giving reputation. That would help software development massively!

Quite the opposite, you see it stops us going in to the hyper inflated death spiral that most alts do, because we treat it as currency to be used, rather than a free money printing machine. We have written about it on nearly every previous page, please read back.

For now, every time a bitcoin block is found we can assume somebody else has caught Ebola.  Concerning.

It may prove useful, or may not - my gut feeling is it's a pump and dump, they have not spoken to us in any capacity as far as I know.

I'd like to confirm that markings are anonymous, pseudonymous, or identified giving complete choice to the users of the system anyway. So "Anonymous Marking" is limiting rather than enabling.

Further, hopefully they know that marking is a new unreleased protocol, any changes to a daemon do not affect marking which resides at a layer above, on the web.

1. no affiliation
2. use pfennig
3. don't be useless
4. dark wallet is likely better than anything you can come up with
5. if you think "bitmark" has anything to do with bitmark gaining traction, you're missing the point.
6. I'd like to confirm that markings are anonymous, pseudonymous, or identified giving complete choice to the users of the system anyway. So "Anonymous Marking" is limiting rather than enabling.
7. Further, hopefully you know that marking is a new unreleased protocol, any changes to a daemon do not affect marking which resides at a layer above, on the web.

Good luck

Some sha256 miners can also be used to mine scrypt at a lower hashrate, any mining hardware which can calculate the scrypt PoW can be used on Bitmark.

I am also not the only developer or community member, if I pass away the project continues with or without my presence.

This is an open source decentralized project where anybody can do what they want to, and they do. There is no single point of failure.

That is correct, we have a low hashrate and a high difficulty, please check http://bitmark.co:3000/ for the latest blocks.

We are hopeful that miners will begin to mine more consistently, for everyone's benefit, including their own.

The Bitmark aware miners problem is a social problem entirely under the control of Bitmark aware miners.

We encourage you to form a community and educate each other, agree that it is better to suffer a marginally too high difficulty once for an extra few hours and prevent a large difficulty drop than to withdraw all support and keep yourselves in the "feast and famine" cycle.

It is the BTM miners who determine the current and subsequent difficulty, by adding and withdrawing hashing power, it can only be resolved with education and communication. The users, developers, traders, investors, and general community cannot help you, all we can do is repeat the same information month after month. Mine consistently or suffer inconsistency.

When it drops many people join to mine it pushing the difficulty back up again. Eventually it will reach a point where hashrate evens out and grows consistently, until then it's better to have less supply when there's less demand, than to have the same supply.

Miners are rewarded with BTM according to their hashrate, the more consistently miners (as a whole) mine the more consistent their rewards. As for the price-tag of those rewards in some other currency, well that changes over time and can't be calculated in advance, it depends if you ever swap it for some other currency, and at which point you do if you choose to.

Because it is reputation and money. Maybe Poloniex will change the limits, it is their implementation and every marking implementation is free to choose their own constraints, interface, and usage.

Marking, the main part of this project, is now implemented on poloniex. If you don't know what marking is head to the OP, or scroll backwards through our twitter for lighter reading.

I'd like to thank the team at Poloniex for getting to know our project, and taking the decision to implement marking on their website, I hope it proves to be both useful and fun.

Very impressed with this idea, great work and novel thinking!

Awesome, and unique, I love it!

You simply must get this exposed on Vimeo and such channels, bticointalk is not the place to bring in people to do this, video communities are - they often do competitions for free, let alone a 3 BTC prize. Don't be afraid to reach out guys.

It would be good to know how much loss has potentially been incurred through minep.it by having print screens of people's balances, but first somewhere to aggregate them that is not the thread. Maybe somebody could do a shared document somewhere and link to it from here?

Personally I am still reserving judgement, the site is still running and no contact has came, perhaps one many is running it and has been in an accident. We do not want to judge to quickly, whilst recognizing that scams are prevalent so it is a possibility.

Let us count the potential loss, and perhaps as a community we can address it later. We can probably also track down the blocks they mined and use the chain to calculate how much as been paid and how much has not, to avoid anybody over claiming.

Why? The price of BTM is based on speculation of future work, and perceived value of work done so far.

The price should and will be based on adoption, it's not a traders token to go up and down arbitrarily - for now the market is open to manipulation by whales and subject to the usual movements. Value will be earned by marking, quite literally, over time.

Can anybody confirm whether only Bitmark is affected, thank you.

720*(average-hashrate/target-hashrate)

in the above example 720*(9.81/69.91) = 101 blocks per 24 hours

edit: http://api.bitmark.co gives you all the info you need

Clearly defined usage is important, to be able to say that ORAs are passed from one person to another for some purpose, what is that purpose? It could be as simple as 'for payment' but it also could be something else.

Once you have a usage/purpose then the distribution of ORA becomes an invite system, to give ORA you have to have some, and to get it you need to have done the thing(s) that gives you them, or importantly lets you earn them.

The meme post is an example, you could continue this so that those who were given some for a good meme could give to others for their good meme. Later a meme host may accept the tokens as payment to host the meme's. I'm not advising you do that exactly, but the example shows how coins will distribute and flow as soon as you give it a purpose.

If you could together define a usage, or a set of uses, give ORA it's purpose, then I feel the project would take a big leap forward. It will also allow you to answer such questions as how much ORA should be created? You can determine that one unit should be perceived as having value, but not so valuable that people will not use it for it purpose. Work out a projected audience then say how many coins they should reasonably have each, then issue that many in total - distribution through purpose will handle the rest.

I hope this helps a little.