I have pushed new versions to the dev MGW servers and the bridge for mgwBTCD. I have tested realtime deposit address generation, deposit recognition, deposit triggering an asset transfer (and publishing pubkey), withdraws being detected and also withdraws being processed when all three servers are in total agreement. This is only accessible via the jnxt.org URL for now and deposit/withdraw processing needs to be manually done. I put in a "softwall" so that only nodes on the whitelist are able to even get the SuperNET packets through to the code. It is also in an isolated private supernet. The bridge is currently technically not a bridge as it is just on the same private supernet and it is bridging via the PHP web interface.

you can get status of the servers by: http://jnxt.org/init/?requestType=status&pubkey=734b83479469164e6059b98c1679043a278c1ba8d18d1d42d348d255baf2f656&NXT=NXT-MEXA-RJSP-NKDU-FWWHM&coin=BTCD
basically any NXT/pubkey that isnt used will do

now if you make it  a "newbie" call, it will create a multisig address and you can then send a deposit to that address. if "convertNXT" field is set (eventually) you will get in your account a mix of the mgwCOIN asset + NXT. this is not done yet but it is the link between MGW and InstantDEX, so it will be done next week. you can also specify "email" field and it will email you the JSON. not very friendly, but this is for debugging (and also I think the ssmtp on the bridge is not quite ready yet)

what is missing is to automatically process deposits and withdraws when the servers are in consensus. Also, large status reports dont fit and I havent had a chance to get it properly processed on the receiving bridge node. So, to see the actual results for now you can get static HTML: http://209.126.70.159/MGW/msig/ALL or http://209.126.70.159/MGW/msig/<NXTnumericaladdr>

the above msig dir is for multisig addrs and the following are for the status returns:  http://209.126.70.159/MGW/status/ALL or http://209.126.70.159/MGW/status/<NXTnumericaladdr>

James

P.S. This is a version only for testing with small amounts, API channel in slack if you want to help out. The key thing to note is that the MGW tech (v2.0) is in testing and InstantDEX will be added to it soon and I have connected the Teleport telepod creation into the MGW withdraw process.

Also supernet and sharkfund have some of these top wallets and these, like exchange wallets, are owned by a large number of people, along with the BTCD deposited in the MGW

My guess is that the vast majority of BTCD holders hold the coins on the exchanges.

James

http://www.supernet.org/en/home-of-the-supernet/the-team

checkout the page at the bottom, really cool!

you are understanding well the plan. The bigger SuperNET becomes, the better for BTCD. And yes it is the XRP role in InstantDEX, not to mention teleport.

BTCD is in a totally unique position. When InstantDEX is active, there will be a lot more trading volumes and even if the price doesnt go up, having a lot of volumes in and of itself makes a currency more valuable.

Once I start sending out the first dividends and SuperNET keeps growing, the smart investors will discover the BTCD at the center of it all.

Until then, stake away. Oh, I have a really powerful feature coming with the initial release, but I will refrain from posting details, since last time I did many people got all confused

James

unlike exchanges that offer DOGE or whatnot as reference currency, the usage of BTCD as the reference currency will be automated.

So to trade from anything to anything, it does 2 BTCD trades. It also means that from BTCD you are one trade away from all the other currencies and also the fact that it is in BTCD means it can be teleported

if there are any group of 100+ people who will hodl the SuperNET for a while, it is the people most actively working on it. Maybe some amount of selling to pay bills, but I wouldnt expect any large scale selling as it will be distributed fairly widely and evenly.

average of a few hundred to 100+ people, not exactly making a dumping ground. If anything, having that many people having a personal stake worth a few thousand USD might just have a very powerful effect as with a supercharged SuperNET the high end potential is quite good. What is worth a few thousand USD now, could well be worth quite a bit more in 6 months

James

I divided the 17000 number by 90% of outstanding assets. The method has been agreed to and voted on, so really a moot point to debate.

Anyway, in the unlikely event the 0.234 threshold is hit, I am giving it out as holiday bonus to the SuperNET contributors.

The allocation will use a decentralized process. First round of voting to determine each person's "weight" and then a second round where each person allocates the portion of the bonus (calculated by their weight) to 3 to 5 people. The process itself will be finalized via community consensus, or lacking that even another vote to determine what method to use to do the allocation. I do not want to do any arbitrary bonusing as with 300 people in the slack now I dont know the exact level of contribution from most of them as I am spending most of my time coding and answering questions. I am not a micromanager.

So investors should be happy that the key contributors as determined by the community will be getting the largest bonuses

I believe this makes for a happy community, which in turn will create a better SuperNET

James

P.S. I do not want to do premature marketing as that could just create some hype. Since SuperNET's tech goals are quite unique and never done before, it is best to be totally ready before doing the big marketing thing. And I already have some budget for this anyway, I just feel getting 100+ people more vested with SuperNET will help the project more at this stage than premature marketing

Thanks for your support and very good suggestion!

Hopefully my post above will clarify things

James

you are partially correct. I put in a lot of assets at below market and so I shouldnt have to triple the value of what I essentially donated, but the divisor is 90% of the total.

My calculation shows 0.0234 as the threshold and really, not much chance of this happening at this point so no sense in getting all worked up about it.

However on the off chance that it happens, I would like to share the bonus with everyone that has helped SuperNET to get to where it is. There are 300+ people in the SuperNET slack now, a large number of them working really hard and while I was critical to get the SuperNET started, already I am becoming a small part of the big picture.

I expect some large controversy over how it will be split up, but I think giving everyone in Slack the ability to allocate some part of the bonus would be a decent way.

Something like, we rank everyone's contribution according to a sliding scale. Maybe simply the number of posts in Slack, or hours worked, or servers contributed, etc. So, maybe 5 categories of people, each with a different wt and they can allocate a proportional amount of the bonus to 3 to 5 people, using open voting.

Tally it up and distribute out the SuperNET.

What do you think?

James

you can unlock only for staking
however by staking you are most likely leaking some info, similar to forging in NXT, so stuff like IP address correlation becomes easier if you are staking (or forging with NXT)

James

the new wallet wont fix any connectivity issues you are having.
I think you just need to addnode the right nodes, just a few good ones are better than a lot of them
try deleting peers.dat

so make sure you are exited, delete peers.data and start again

if that doesnt work, then change the BitcoinDark.conf file to use just a few good nodes, which others can post about which ones they are

financially it will work like a multipool. Whatever form the revshare comes in, will be converted to BTCD and then sent directly to the addresses in proportion to their staking. That is the only way to maintain privacy

James

all blocks will be counted with the same weight, so if an account staked 0.1% of the blocks, 0.1% of the revshare will be sent to that account. I just happen to have a database with the required info to find and tally the accounts that are staking

if NW weight is 100,000 then at least 300,000 staking
this ratio could be as high as 10!
the thing is that it is always fluctuating. so when you get a block, you lose some time "recharging"
now since the largest stakes are most likely to get a block, that means at any given point in time, the recent history would be mostly large accounts that got them.

So, the natural effect would be to reach an active value that is much, much lower than the actual coins staking. There is probably a way to get a much better idea of the true number, but I am not familiar enough with this aspect to do it myself

James

P.S. I have seen the NW go below the number of coins I had staking, so I am sure a lot more coins are staking than the network weight. In fact I look at my current wt vs coins and it is 4:1, so you can look at your ratio and see how it changs over time

SuperNET price is finally back to fiat breakeven from ICO price. In BTC terms up around 35%, in NXT terms up over 100%

Not so bad considering we have been in this bear market

Just did a mgwBTCD deposit address generation in about 3 seconds, actually cryptosleuth from a testnode did.

After about a 3 minute startup time, all pending deposits and withdraws are identified in 5 to 20 seconds.

I also implemented variable confirmation requirement based on the amount of the withdraw and account history, so for smaller withdraws, it should be reasonably fast. Even the larger withdraws should be limited by the required NXT confirmations. And now that I have a remote deposit addr generation in realtime, I can also get realtime status and realtime request to process tx.

Still need to debug the bridge across to the isolated network, but one step at a time.

James

Couldnt we have reference NXT nodes that a new node queries to find the right chain?
Just look at the block explorer sites, it becomes quite clear if you are on the wrong chain (assuming the block explorers are on the right chain, seems safe assumption).

So having a list of websites/nodes to query about the right chain would seem to prevent any new node from using the false chain.

Why is this a big problem? Maybe I am missing something significant.

Pick half a dozen websites that are the NXT main websites, have a way for the user to add new ones to add to the consensus list. All these sites would need to agree about the hash value for the chain as of 1440 blocks ago and closer. Some checking could be done for the initial blocks during the time of vulnerability against the false chain.

This simple method seems to prevent any new node from believing the history attack created false chain (not that it is likely to be achieved).

James

that is not clear
i think there is a significant discount and adjustments to this
You can test it by taking some coins off staking and putting in back on and seeing if the weight changes 1:1
I think it is more like 1:3 or more, so it needs to be multiplied to estimate the actual number of coins staking

I think there are just some supply/demand things going on. For those outside the NXT community, you probably dont know about the LTCgear mining assets. There was over 10 mil NXT of these purchased in last few weeks. this was all sold to get BTC to buy LTCgear shares. Notice this is a LOT of selling, so NXT price has dropped due to this by 25%

now, over time these LTCgear are paying 10% per week, but last week some delays and so we are hoping for two weeks worth of dividends for all the LTCgear shares. In other words some significant supply/demand imbalance and the NXT price could easily go up 20% or so.

With there being less than 20BTC of UNITY under 0.02 BTC on bter and it is trading ~300 NXT on the NXT Asset Exchange, this creates a significant arbitrage possibility as 300 * 5500 sats is .0165 BTC, etc.

James

You can sell to a bid and then try again. It seems many are trying to squeeze between GLYDA
Also, you can PM libertynow for a direct exchange

James

we have a few hundred BTC traded on polo due to all this
in ripple there was a 17 million buy order, so that triggered allthis
what people dont realize is that in ripple you can place an order for any size WITHOUT having any funds in your account other than the minimum needed to place orders!!

So it would be quite easy to make it look like a massive orderbook demand, backed by nothing.
then buy and sell to your self, commission free. so a few thousand dollars being traded back and forth can create millions of demand.

Something like that, or all Russians are buying XRP.

James

The SHA256 of the SHA256 of the 100K prize is d7060caf1a82ebc0db7b78b8d4c8c6b253bb9dcbc2da235c378bd6731e6f761e

The lower 64 bits of what hashes to this will be the reference txid

for 50K prize: 2f8787ad9e58331fda47c487874f21360c5de0ade0fe043ae7353bb9a99b1b69
for 25K prize: 4f3af14c7df81beba936ae1374af8512cf85670e73631908399397a9ad8054d8

After the drawing I will reveal the lottophrases that generate these and everybody can verify that this is something that has been chosen as of now.

Since the lotto tickets will be calculated using a deterministic method, it allows anybody to verify that winners won it fairly

James