Hey,

Can someone post an invite to the Discord channel, I need to get up to date and download the current blockchain.

Thanks.

@All, looks like I have to be quite for a week more (minimum time watching over stuffs); having a scheduled trip to deal with stuffs.

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Satoshi is a legendary figure already, however not enough time has passed for people to really realize how big of a legend he is and how big he will become, take a look at the disappearance of Amelia Earhart, almost 90 years have passed since she disappeared and there are still people looking for her, Satoshi in my opinion will be way bigger than her as I have no doubts that at some point in time he will become the richest person alive and maybe even the first trillionaire, so I can assure you that there will always be someone looking for Satoshi trying discover his real identity for the foreseeable future.

X1 Released

https://github.com/bLeYeNk/X1Coin/releases/tag/v2.0.0.0

21,000,000 COINS

MINING BLOCKS> 50 COIN REWARDS PER BLOCK> BLOCK TIME 8 MINS> 100 CONFIRMATIONS> X1COIN = A STORE OF VALUE.

Website: https://x1coin.org
White paper: https://x1coin.org/whitepaper
Mining Pools: https://x1coin.org/miningpools
Source Code: https://github.com/bLeYeNk/X1Coin
Twitter: https://twitter.com/x1coin
Discord X1 Coin

Any really good "hard" money like Bitcoin is going to be useful for both of money's main two uses: transactions and storing value. Considering the fact that being useful for transactions is the final phase of adoption (because you literally can't transact on a mass scale until there is a large enough mass of people willing to be paid with the currency), it makes perfect sense that in these still early days of Bitcoin its main use is as an investment/store of value. This is very straightforward.

Payments on any sort of a large scale don't come until much later in the adoption of Bitcoin (or any currency growing organically from the ground up). There has been no transition from Bitcoin's original idea to a different idea. Bitcoin is simply following a natural growth cycle where one part of money's use case comes before the second major use case.

The natural growth cycle is:
1. investment / store of value
2. payments AND investment / store of value

We are simply still fairly early in the first phase. Of course the second phase is happening at the same time but it takes much more mature growth to achieve so it's use case growth naturally lags far beyond the first phase. So if Bitcoin is say 10% into phase 1 it's only maybe 0.1% into phase 2. And it's not until Phase 1 gets to a very mature point that Phase 2 can really start to take off as Bitcoin ownership and acceptance reaches a critical mass allowing people to start readily paying for things with it.

Satoshi's idea of Bitcoin being p2p cash is still very much alive, it just naturally happens to be the use case, or the part of the ecosystem, that takes the longest to develop.

It is a transition.  Right now it is more of an investment with other use cases included.  Once bitcoin reaches an equilibrium with fiat pricing then it will be much easier to use as digital cash.  That is another few orders of magnitude away and at that point (if not before) one hopes that you don't need to "get out" of bitcoin and can just remain in without needing gatekeepers to convert.

That AI will give you a false positive that will make the hunt much more difficult because there's more people that's going to get involved that aren't even remotely linked or is even Satoshi plus I don't think that pattern recognition for writing style is difficult to be called accurate, think about this, the story Bourbon Kid doesn't have any author and even if you investigate the writing style, you're probably going to do an impossible because there's going to be a lot of comparison, it's the same with email comparison. If we never perfected the identification of a person through their writing style then how do you think would an AI be able to do that if there's no frame of reference? And that AI can't be scouring all the email out there because that's invasion of privacy to the most glorious fashion.

I was unaware of that, thanks for pointing out. It's unfortunate, but it's also normal. I mean, the story with pizzas seems very intriguing even for someone with zero knowledge in Bitcoin. Unfortunately the open source work he has done is only appreciated by a few people... Thats life...

Yeah, I agree with this.

Visa for example has a relatively similar amount of "nodes", and it makes sense for them to run them because they get paid through their fees.

In Bitcoin, the fees go completely to the miners.

In the whitepaper the idea was that the miner and the node where the same machine, so probably this issue wasn't really important back then. But now, miners are a completely different industry, and they are the ones making all the money.

Still there are dozens of thousands of Bitcoin nodes that are running securing the network, without getting any financial incentive.

It reminds me of landmark open source projects like SSH for example, which are used by millions of people but maintained by a handful of people for free in their spare time.

Open source is probably one of the best inventions in human kind, and yet it pays almost zero to the people developing it. Instead, useless and bloated software based on open source gets millions of dollars.

Of course, If the ability to write the word SOON without a mistake and begging for likes, retweets and reposts can be called technological advancements.

Waow, another project who copied another project who has copied another project.

This is a brilliant innovation ...

Seriously, stop wasting your time by forking projects it doesn't work anymore.
Just make something unique and special.

A small update for those browsing this thread,

For those interested in mining BTCW, I have made a mining guide for our community, and would like to extend awareness of the video's existence to the BitcoinTalk community as well. This tutorial is in English, and is currently up to date with the newest edition of the GUI wallet's latest features, which streamline the mining and transaction sending process:

https://www.youtube.com/watch?v=Wa4IjIakJhQ&t=1405s

Also, I will respond to the user above me


I have not verified the wallet file, but have had no issues up to date. I'm assuming that the developer of BTCW can find a way to prove, without a shadow of a doubt, that the wallet is clean and passes on some of the more comprehensive antivirus scanners. I would suggest hopping in the Telegram group, and shooting him a direct message. If not, see if an admin can get the information you're looking for. They may have a more direct line of contact to the developers.

Also going to try to answer the questions above the previous users' post, to the best of my ability:


1.) PoT is not something that I truly have a firm grasp of at this point, namely because I am not a coder. How it seems to work, as far as I can understand, is that the transactions have a load that the GUI wallet must bear to maintain it's status as a node for the network that is synced to the current block. This puts a load on the CPU, and that load is somehow translated into a supporting hashrate for the network. The criteria of a valid transaction (for mining) is a transaction that is either sent or received. Typically transactions accumulate more easily in the receiving wallet though, for reasons I may need to ask the admins about. Like the user I quoted above, I would suggest hopping in the Telegram chat to find someone more qualified to provide you the information you're looking for.

2a.) Security and scalability of the network, in my opinion, could best be exemplified in BTCW because, if it had a similar number of users (not hashrate, but users) it is harder to attack than Bitcoin. Look back on my earlier posts in this thread, I don't completely recall, but I believe that I pasted a quote from the developer in regards to the security aspect of BTCW. Scalability is namely going to play out for a number of reasons. For starters, I would say that the transaction fee market is a market in its own right. People want to mine, so they are executing a TON of transactions so that their mining wallets can net a higher hashrate (given that their CPU is not already completely overloaded, currently it seems that my CPU would require at least about 200k transactions for it to be at capacity, maybe slightly more). People need both transactions and hardware/electricity to mine BTCW. Mining BTCW requires BTCW to be spend on transaction fees, and in the current market, it costs about 0.007 BTCW in fees per transaction. BTCW is about $0.50 at the moment, so you can see how there is an inherent crypto-based mining cost to this procedure. I think that this makes BTCW scalable, namely, because the transaction market and direct BTCW speculation markets will be inversely correlated. If BTCW price is higher, less people will be willing to blow BTCW on transaction fees, so the transaction fees will drop (in units of BTCW, perhaps not in USD or fiat currency value).

2b.) Now, as far as SHA-1 as the algorithm, I'm not sure what it's all about. This would be another good question for the developer. I suggest hopping in Telegram to ask about this one.

3a.) There were about 10 blocks that had to be mined by the team at the start of BTCW. Once the team had this BTCW, they began airdropping and spreading the word about the project. The first day or so, they were sending 1 BTCW to each user in order to begin executing their own transactions and mining. This gave rise to the speculation and transaction fee markets that exist within BTCW. It all grew organically from here, and for the first 3 weeks, the team was sending about 0.1 BTCW to each new member of the group. After awhile, the transaction fees got so high that 0.1 BTCW would only be good for about 25 transactions, when typically a user needs several thousand transactions to have good odds of hitting a solo block. If you check the beginning of this post, I posted a YouTube link that I recently made (well, I made the video), on how to currently mine BTCW with the latest version of the wallet. The mining process has become extremely streamlined from it's earliest days, and I would say that despite a slightly higher inherent mining cost, the convenience is worth it, to an extent. With BTCW, the cost of mining is reallocated... so instead of buying ASICs and having a big electric bill, you mien with the CPU in your computer, or get a CPU rig if you're really trying to get a high yield... but the thing is, you also have to look into buying a $100-200 stack of BTCW to get perhaps 50-200k transactions paid for in advance (in the current fee market). When compared to the cost of ASICs and electric bills, BTCW is a very affordable way to mine cryptocurrency, especially one with unique fundamentals and an arguably bright future. I have been sold on the project since I joined, and think that it's novelty will attract a lot of new users.

3b.) BTCW has the same emission rate as BTC, with the same halving times and everything. So, if you look at BTC's block reward/coin emission history, you will know the exact inflation rate or emission rate of BTCW.

4a.) I think that BTCW may grow by word of mouth. There are a handful of users, like me personally, who are confident in the project's fundamentals. I think that it stands out compared to other cryptocurrencies by it's PoT protocol, and how it is hybrid with PoW in a sense. It is a very new concept. Word of mouth is more powerful than nearly anything else in this space. Additionally, the team already paid for a DexTrade listing that should be live within a few days, this should give BTCW a bunch of new exposure, which can attract more users like me to the project, which perpetuates the cycle of raising awareness of BTCW:

https://dex-trade.com/news/btcw-will-be-listed-on-dex-trade

4b.) I think the main use case or benefit of BTCW over other cryptocurrencies is the fact that the transaction fee market is directly associated, yet inversely correlated, with the block emissions and mining markets. It makes for a completely new distribution of risk and reward to speculators, accumulators, sellers, and miners. The PoT model is somehow more secure than BTC's mining process (don't ask me how, hop in Telegram and ask the developers, I just don't have my mind wrapped around it all, all I know is I'm bullish on BTCW). Additionally, BTCW gets rid of mining pools. In a sense, BTCW is like "lottery mining"... I'm sure some types of pools will come to be, and this will play out. If BTCW gets massive, ASIC mining may become a thing as well. However, the fact that the PoT protocol will not be changed, poses a challenge to pools in terms of how they will distribute rewards, when compared to traditional mining pools. The entire dynamic of accumulating block rewards has been shifted within BTCW, and could prove to be revolutionary.

5.) I think, in the USA at least, a PoW coin without a pre-mine is deemed not a security, especially if the development team does not ensure a profit based on the efforts of the team. There are specific ways to be legally cautious in regards to establishing a new coin, and this developer has seemed to be ahead of the ball in nearly every aspect as it pertains to the coin's improvements, response to feedback, development, and implementation of new protocols (new wallets, new functions, updates on the sites, etc.). I think that if the developer has premeditated this as much as it seems he has, he likely has the legal aspect ruled out as well.


For those who wish to learn more about BitcoinPoW, I suggest checking out the LinkTree, and most especially the Telegram group. It seems to be where the most activity is. But also, if you are so inclined, please check out my YouTube video. It is a mining tutorial that is dummy-proof, so it should help a lot of the guys who are new to this concept. If you hit a few blocks, and appreciate what I'm doing within the BTCW community, consider sending a BTCW contribution to the cause. I have a BTCW donation address in my video description. I appreciate support, but aim not to beg. In any case, thank you guys for your time and interest.

LinkTree:
www.LinkTr.ee/BitcoinPoW

My BitcoinPoW Mining Tutorial on YouTube:
https://www.youtube.com/watch?v=Wa4IjIakJhQ&t=1405s

BitcoinPoW is Bitcoin using proof of work(PoW) and proof of transactions(PoT) to verify blocks. This new mining technique naturally makes mining pools useless. This will form a highly mining decentralized Bitcoin.

Here is the White paper:

https://github.com/fluffyfunction/BitcoinPoW/blob/23.x/README.md


Come to Telegram to learn how to start mining:
https://t.me/BitcoinPoWPoT

Twitter:
https://twitter.com/bitcoin_pow

Website:
https://www.bitcoin-pow.org

Explorer:
https://explorer.bitcoin-pow.org

@All, looks like I have to be quite for a week more (minimum time watching over stuffs); having a scheduled trip to deal with stuffs.

I am forking MagiCoin all the way up from old PeerCoin codebase.

This is a personal project in order to learn what are the differences between PeerCoin, MagiCoin and all of the altcoins from around that time.

The current status (need to be read from right to left) is the following one:


Feel free to watch me crafting many fake/virtual commits and probably some other related Magi development on Youtube:
Ruckard Smith's Magi Development Playlist

Donations are welcome (check on the video descriptions) but do not expect me to rebase MagiCoin onto newest Peercoin codebase in return.