I am not a stakeholder, but 5.

pm or email me.

Good, our friend intelle is back, they have jumped on and off the network since day three I think.

Difficulty, revisited

Satoshi told us, and we have quoted before:


now what has happened with other currencies, is that they have changed the special formula from "If the price is below cost, then production slows down."

through short diff changes and things like kgw/dgw they have changed it to "If the price is below cost, then production cost falls"

which has killed them, or made it hard for them to survive

whereas with us we have the special formula from satoshi, on sunday I wrote, in slack:


so at diff 400, the network may quarter, slowing production down, giving the market a time to adjust, and making our btm more scarce, and thus more valuable

so the adjustment goes up, not down, on market - as long as we earn it

and with that, our network changes difficulty to just over 400, and we enter this phase.

Let this be a lesson to trust those before, and reinforce our decision to not change how our difficulty works.

mini extension on EsteNuno's post, marking is itself to be integrated with identifi so it's trust+reputation

Can take a hotwallet approach with reload from multisig cold storage as it get's low.

Martti/Sirius is working on identifi, and will be utilizing this in some ways, to give some measures of trust between persona's and identities, coupled with public key signing of resources to who ownership. What falls out the back is a graph of reputation+trust, WoRT (not such a nice name!), it is not a perfect solution, but perhaps provides enough data to be useful in accountability solutions, and certainly enough to be managing reputation and perhaps small measures of trust. The notion of micro-trust is important, to say we trust a service with some disposable amount of income, but not our full life savings.

Friends at ORA, if you feel this is becoming noise, and would be better on a different thread for mutual discussion, please speak up

GPG signed messages, or perhaps dogfood and use bitcoin signed messages. Communications of this nature should not be easily spoofed or open to mitm.

It would be terribly rude to not thank those properly who supported the project early on.

What I may have done is put a portion of the donations in to BTM, and put that portion in to a couple of addresses, to be released to those that helped the project with donations, when the network reaches particular difficulties, some at a five figure difficulty, and some at a certain six figure difficulty

After looking at the thread it appears to be quite baron of updates, I'll prepare something to let you all know the state of the project, as it has grown in size, outreach, and accomplishments quite considerably, with many positive things in every direction.


I am sorry to say, but this means you don't understand what the project is, you would benefit from becoming familiar with what we are doing, to say it's a coin like any other is quite far from the truth, it is significantly more than that.

Please take the time to read more about the project, it's really quite interesting.

Two little things
The first markings have now been done, we are now marking via irc, soon twitter, facebook, email, and slack.
Our little team of people collaborating is now over 20, with significant outreach in to most technical areas and multiple projects and technologies are being aligned.

Update
Due to the increase in price-tag, developer loans are now closed, I will not be accepting any more. Due to this increase however, all loans received are very secure.

Thank you to all of those who helped get us this far.

Check with xhash support please.


no idea, in slack all the time, you (anybody) should join it, it's like an all day long giant brainstorming session

pm or email me or medic or estenuno to get an invite.

from now on we'll be pushing out a small selection of our ideas out through @RobotMarkus on twitter, worth following.

Sounds good, I don't have unlimited time but fire something to mark@bitmark.co and I'll review when I can, expect random responses usually within 48 hours.

I'm happy to sign an NDA, if doing so under a pseudonym would be much use! Perhaps it would be easier to just send a few files from the core, I presume you've caught things generically for anything rest based, data too large or ill-formed and the like. Any client code is perhaps irrelevant, so we'd just be looking at the core, pick a few files you feel are important to review and I can look at them in a test-to-fail manner to see if I catch anything. I'm not a specialist but many sets of eyes are better than one or two. Does that work for you?

Oops, which language?

Warm regards, and apologies for not researching context and history first - now that you've said I remember some of the things you mentioned, sorry,

Mark

Well now I can't escrow you my family, friends, and brain - but you're welcome to escrow all of my opensource unlicensed code and every idea documented which is all public domain.

Your asset is you brain and those around you, your code will be redundant in some time, as will mine, let us hope our brains and friends are not. I know one thing for sure, my own ideas and creations are better when merged with those of others, I was simply offering the same to you, to give another set of eyes to review your hard work, to help you, not to steal it.

You are writing to me on the web which was given to us free, and mentioning fielding's rest which he gave us free, and about json and ajax also free, can you imagine the state of our world had they all been closed and protected? We wouldn't be speaking, and you wouldn't have a project, nor I.

I digress. If you just have some binaries connecting to a network with no implementation details, then one can't really help, it's kind of impossible to review security by just hitting the thing to see if it breaks, somebody else may have a bigger or better hammer later, or more pertinently a little toothpick which opens it all right up.

can you link me to the code, pm or email is fine - I'll review then decide

Exactly.

As another example, we are going to be knowledge sharing and specifying different ways to make acquiring crypto currency easier with leads and memebers of the Ora project, good people who are working hard to improve the ecosystem. It's just people who care about technology and enjoy making things working together, rather than traders uniting for common profit.

So supernet has both aspects, and our announcement is that after lengthy discussion, we are happy to do the technology improvement part, but not the currency trading price related profiting union part of it.

context

It is the opposite, we do not want the publicity and would suffer from it - check every post from every previous page and this will be clear.

We prefer to work quietly creating new useful things, without having to worry about threads full of noise and irrational trading. We are creating a distributed reputation system and mounting crypto on the web.

A way to frame it is that we work in parallel to the alt coin sector, would we integrate supernet? no. Are we doing work that can be intergrated in to supernet (or any coin) later? yes. Does our reputation system reside on the same level as qt's and p2p networks? no. Does it work on a layer above that can be bootstrapped on do other currencies? yes.

We are an open source development project with a growing list of contributors, the bitmark-btm bit is a foundation, something we require so that we have ownership over the code base and can add or subtract what we need to create a stable efficient network free from the troubles normally associated with 'coins'.

Each BTM is 1000 marks, and marks are tokens which you give to other people freely as reputation when they have earned it through the process of marking.

Our project is quite different, and may not even belong in the alt-coin section, we're just here temporarily until we have our own area of discourse.

I would encourage anybody reading to take the time to familiarize themselves with the project, if they are so inclined, and of a nature who likes to get involved with things and contribute.

If you are here as a trader because you've seen mention that we are NOT going to be part of supernet and wonder if there's some speculation to be done, you're probably in the wrong place, you won't benefit from our presence and we won't benefit from your noise - meant with the best of intentions of course.

Take a look at the previous 66 pages of discussion, there is no noise, no new faces wondering about marketing or prices, no shilling, no speculation, no trolls - just people discussing ideas and creating things - please don't reduce our thread to such a thing, we've worked very hard, and hope to be able to continue to.

Warmest Regards,

Mark

Cross post regarding Bitmark and SuperNET.
-------------------------------------------------------------------------

James and I have been discussing both SuperNET and Bitmark extensively, to see how they may benefit the wider community together.

We have a gentleman's agreement that:

1. Our future extensive work on creating a public api which liberates the block chain and mounts it on the web will be applied in the future to supernet, once it is tested matured and proven, so all coins which implement supernet will benefit from our work.

2. Marking will be integrated in to the SuperNET GUI once ready to layer on additional functionality, such as voting where all candidates get a fair apportionment of reputation+money based on merit and demand, rather than traditional voting which entails picking a single winner.

3. Ongoing outreach and communication between both projects, to align work and vision, and drive the effort of consolidation together, with any other like minded projects who may share complimenting goals.

We will not be joining SuperNET as there is no benefit to either of us in doing so, but we will be joining in the spirit and working closely together.

I'd like to thank James for his time and understanding, he is a busy man but I believe he has best interests at heart, and critically some moral fiber.

Warm Regards,

Mark, on behalf of the Bitmark Community.

James and I have been discussing both SuperNET and Bitmark extensively, to see how they may benefit the wider community together.

We have a gentleman's agreement that:

1. Our future extensive work on creating a public api which liberates the block chain and mounts it on the web will be applied in the future to supernet, once it is tested matured and proven, so all coins which implement supernet will benefit from our work.

2. Marking will be integrated in to the SuperNET GUI once ready to layer on additional functionality, such as voting where all candidates get a fair apportionment of reputation+money based on merit and demand, rather than traditional voting which entails picking a single winner.

3. Ongoing outreach and communication between both projects, to align work and vision, and drive the effort of consolidation together, with any other like minded projects who may share complimenting goals.

We will not be joining SuperNET as there is no benefit to either of us in doing so, but we will be joining in the spirit and working closely together.

I'd like to thank James for his time and understanding, he is a busy man but I believe he has best interests at heart, and critically some moral fiber.

Warm Regards,

Mark, on behalf of the Bitmark Community.

With threads like this.

Start discussing your needs, asking questions, start forming a community, when you need to centralize conversation then start an announcement and continue discussion. Everything will flow naturally from there.

It is not so hard, you've started well.

for transparency


I will list the reasons here to archive.

1. The architectural approach of supernet (cross daemon p2p communication) conflicts with our own architectural approach, which is to expose data through public APIs and have things integrated by layering on top in a modular decoupled way.

2. The ethical approach of supernet conflicts with our own philosophy of earned value through end user usage and adoption together with our work to avoid hype and speculative price-tag inflation (both hand in hand).

3. Critically, we are creating two things, a well defined API, and a web scale reputation+monetary system, neither of these are applicable to supernet as I understand it, the first once proven can be integrated in to any recent bitcoin based code base, and the second works at a layer above.

4. We could not accept or merge the supernet code until it was mature, expertly tested, and proven over time. See also (1) which would make it impossible. If in the future supernet was created in a modular way, as a separate application which communicated to coin daemon's via api, then bitmark would be supported anyway with each person using it optionally.

5. Signal to noise, lack of hype and lack of speculation keeps our conversation and threads on topic, allowing us to focus on working and creating the things we need to - which are not so much crypto currency daemon related, more on the layers above.

This is no negative reflection on supernet or the work of James et al, it is simply a statement that our mid term goals and approaches are different, which is healthy, we can't all be doing the same things.