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Please correct my understanding of what you are proposing if I am wrong: What you propose is that you have data agreements in place with telecom operators across the world. A user connects to your service and then selects a telecom operator in the country that the person is in at that time and in the background you switch the person to use that local operators data instead of international roaming data?
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The opening page says you are headquartered in Dubai. On your exchange website you have lots of references to Estonia and you quote licenses from Estonia. What is the link between Dubai and Estonia and are you actually based in Estonia or are you just using a bank in Estonia for the trading in Dubai?
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** Notice of New BiblePay version coming soon **
Someone asked recently if these old versions were harming biblepay.
I've been doing analysis of governance propagation and I'm coming to the conclusion that these old versions *are* hurting biblepay.
I'm seeing that the reason we have excessive traffic and a failure to replicate objects is the high percentage of nodes that never upgraded (25%-50% are running a version that has different gobject propagation rules).
In light of this we will be having a mandatory upgrade soon (within 7 days).
Please keep an eye on this thread.
The reason why I asked is that sometimes older nodes are problematic with some other coins. If I want to run a node, will the new mandatory upgraded wallet compile on Ubuntu 19.04? I am trying to get a away from Ubuntu 14/16. |
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Thanks for the read. In the one section it says "In the end, due to the popularity of the program, the genesis block supported 150 Foundational Nodes instead of just the previously planned 100. The number of actual nodes was 600, with 450 nodes operated by Harmony in order to help seed a healthier blockchain while outsiders gain operational excellence.". Where can I see how many nodes are currently running in the various shards? |
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Good Morning
It looks BBP/ETH trading is alive already on Tokok exchange.
Yeah he is already live in Tokok and don't forget about the trading competition for top 50 trader. I would say it was the best move for gain volume in the new exchange, I'm sure people will pay attention. I see some bogus trading there on small quantities, sounds like a bot buying with one account and selling the same with the other, so the first account can reap the prize after buying millions (and selling millions with the second one). I wonder if the exchange owners can detect this fraud and disqualify those accounts from the contest. Its too early to know if they are "bogus" or not; What I see so far is a lot of trades being executed between the bid and ask, that are in the execution list and on the chart but not in the order book. I think Tokok might have some type of market maker program where they provide an edge for people to buy/sell off of the level 2 book (IE if you act as a market maker you take part of the trading fee, if you take liquidity you pay the fee etc). Its not clear to me "who" is running the bot, if its an exchange bot, or a market maker jumps in on every new ticker (similar to pools who jump on new coins the moment they are released). Someone would need to ask Tokok who runs this. One thing I did notice, is the trade that is executed in-between the bid & ask just now did change the chart and volume. So the other question is, do market makers get special privileges (to trade bots between the market that arent even part of the order book)? (As these small trades dont go in the order book). Lets see how it plays out when we get entered into the ETH page, hopefully more people from China/Hong Kong will come on board and be part of BiblePay. it is not bot or someone, it is just fake volume generator. it is generating orders between buy and sell. if buy will be 200 and sell 201 then it will stop, you can try. same with eth, ltc or other coins, just check. same was on qiex. I'm not sure I come to the same conclusion. The IT dept of Tokok sent me a 100meg "program" and asked me if I wanted to be a market maker. It requires a massive amount of setup. It has a lot of rules. I wasn't particularly interested in it because I've got a backlog and more important things to do for God. But it sort of appears to be the same thing being run by someone else - they put in a certain amount of risk capital, IE .50 BTC, add in the business logic and let it run and it executes these through the API. The thing I don't know about is if those trades in between bid-ask are "real" on a level2 book. Someone should ask Tokok if they really debit/credit balances with those (for professional traders etc). These things should actually be banned. It will never be allowed with normal share trading and should not be allowed in crypto. Fake volume is one of the big culprits in crypto. Luckily it is easy to spot a bot but some noobs might be caught. I wonder if coinmarketcap will pick up on it and mark as fake volume. |
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Any idea why Waves was removed from the list of coins/tokens being considered for Binance US? It was part of the original 30 but now it is not being considered anymore. Here is the link to the original list and here is the link to the current list going live. |
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where to download bootstrap for fast wallet sync?  There is a link on the first page of this thread that takes you to a bootstrap file. I have no idea up to which block that is however but the file seems very small. First page looks a bit dated. I don't know if it is still possible to make bootstraps. If I have some free time Ill look into if it is still possible and let you know as I have made many bootstrap files in the past. |
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What is the impact on stability by running different version of nodes? I notice on the Cryptoid block explorer a wide range of versions running ranging from 1.4.3.2 to 1.4.4.7 and one unknown version number. Will the old ones just be ignored or are the differences not mandatory. Basically, we have not had a hard fork consensus break since 1.2.0.1 (that changes the consensus rules), so we have these old versions still running because they can - and there is very little harm in running the old versions. That's why you still see some older versions in 'versionreport' because we havent enforced the upgrade in a hard way - this is primarily driven because we are trying to keep the exchanges on the last mandatory as long as possible. (They view it as a nuisance to upgrade and could delist us if we abused the privilege). The more recent versions are more efficient with gobject propagation. Some things we learned this year require us to add business logic on top of dash's logic to delete old objects. Then we have the endeavor to upgrade to deterministic sancs (pushed by Dash .14) in the recent versions, with the turnkey providers not supporting deterministic, so we are now adding code and testing it that allows workarounds to upgrade to deterministic in steps, etc. In about 90 days though we should have all this consolidated into the .14 branch and be "allowed" to push a mandatory again - that would cause everyone to upgrade to one single version. Thanks for the reply and it makes sense. Have you considered reducing the coin supply from 1.78bn to a lesser amount of say 1.78m? A lesser number of coins are almost always more preferable and of interested to the market. I also looked at the links to the exchanges to try and analyse the trading patterns and noticed that the C-CEX link on p1 does not work. Thanks for the update: I removed QIEX and C-CEX and added Tokok. As far as the supply count: I personally believe in the original 5~ billion max supply for a few reasons. One, I feel people who don't care about BBP lose more coins per year (IE coins that people could care less about if they accidentally lose the wallet or throw away the PC) - because they are dealing with tiny numbers. I think over time, this will result in higher prices for us. But more importantly, I think we will design a novel service that will use up all of our coin supply- over the long term. For one, we have an announcement coming at the end of the month, for a new product called DSQL that will act as a utility (allowing people to buy and sell BBP for gas-type transactions in a decentralized database). The other larger use case is we are investigating document mining. If we ever make this part of the mining algorithm, miners will prove allocated space and users will lease the space for Christian storage, etc. Once we have this and church tithing I think we will be able to setup an environment where each currency unit becomes much rarer. On an unrelated side note, Sun asked if I believe in DGW: Yes, I still personally like DGW also. The document storage sounds interesting. Although several other coins have done something similar ( Storj comes to mind). Will the storage reside on the mining nodes or somewhere on the cloud and rights protected by the crypto and blockchain? Things that come to mind are distribution of gospel music and storage of biblical texts. What was interesting with other storage projects is that it becomes almost impossible to ensure that the content stays on topic. A content storage container on the Internet will very quickly become eg. a pornographic content store. |
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Can you please confirm if the cold staking from Ledger hardware wallets (Ledger Nano S or Ledger Nano X) is live and is there a link to verify it? The process is explained here but what is the current status? |
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What is the impact on stability by running different version of nodes? I notice on the Cryptoid block explorer a wide range of versions running ranging from 1.4.3.2 to 1.4.4.7 and one unknown version number. Will the old ones just be ignored or are the differences not mandatory. Basically, we have not had a hard fork consensus break since 1.2.0.1 (that changes the consensus rules), so we have these old versions still running because they can - and there is very little harm in running the old versions. That's why you still see some older versions in 'versionreport' because we havent enforced the upgrade in a hard way - this is primarily driven because we are trying to keep the exchanges on the last mandatory as long as possible. (They view it as a nuisance to upgrade and could delist us if we abused the privilege). The more recent versions are more efficient with gobject propagation. Some things we learned this year require us to add business logic on top of dash's logic to delete old objects. Then we have the endeavor to upgrade to deterministic sancs (pushed by Dash .14) in the recent versions, with the turnkey providers not supporting deterministic, so we are now adding code and testing it that allows workarounds to upgrade to deterministic in steps, etc. In about 90 days though we should have all this consolidated into the .14 branch and be "allowed" to push a mandatory again - that would cause everyone to upgrade to one single version. Thanks for the reply and it makes sense. Have you considered reducing the coin supply from 1.78bn to a lesser amount of say 1.78m? A lesser number of coins are almost always more preferable and of interested to the market. I also looked at the links to the exchanges to try and analyse the trading patterns and noticed that the C-CEX link on p1 does not work. |
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The reason why Russia is early in this industry is because of international economic sanctions, it is a problem for their lackeys to hide capital around the world now because of international treaties.
None of the top coins are decentralized, NEO is china, Binance - China, NEXO - Goldman, CMC - Goldman, Bitcoin is same rich people and governments as before.
This industry stopped being decentralized years ago in 2017 with bittrex subversion by American Government through KYC implementation.
It was very easy to contact developers and demand that they follow the rules of their military commanders, because these developers are unarmed.
HARD TRUTHs Decentralization is a pipe dream of crypto anarchists and they can have their privacy masternode sandbox at a far corner of crypto space, but mainstream will always follow the herd. It is the people who choose this Neo Feudal model of society for 21st century due to passivity and compliance. Everyone gets out, the effort that is put-i-n.
https://tokenrating.wavesexplorer.com/?filter=top&page=1What is the purpose of posting the tokenrating link? Most tokens seem to get a good score. I have yet to see a coin/token with high adoption or usage apart from Bitcoin. Perhaps if a government gets involved in a token somewhere in the world it would be an upside regarding adoption. It would not be good for decentralization but at least good for adoption and widespread use. |
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Max supply should remain unaltered, it is better to increase fees to cover reward increase. Or in combination.
Inflation is a zero sum game because the reward is offset by discounted price appreciation due to increased supply.
Liquidity is not a problem for waves because it is divisible to many decimals.
It is better for community to vote on max supply increase, all the coins I invested in 2018 went to -99% because of staking dumps in exchanges. Although their annual inflation was over 100%.
Bitcoin is well known to increase in value after halvings because supply inflation is decreased, similarly, price demand of waves will have no effect if the reward is dependent only on supply inflation, then it is not a real incentive for professional investors.
On the contrary, 5% is not much, and bitcoin is a healthy market maybe partially because of block minting emission rate by miners, who knows. Perhaps it is good for waves.
Waves is not bitcoin, they behave differently and with different use case.
There are other more pressing issues with waves demand at the moment, and that is VST integration with Waves in 2021, it will lead to increased supply from 100 million to 1.1 billion because VST will do everything that waves can do now. This is Russian government who are invading this decentralized space, it is very bad.
Waves market cap should be determined from supply of 1.1 billion because VST cloning. So the value is actually 1.1 billion at $1 and this can go to $0.1.
There are many truths in here. The problem is that crypto is a short term game and the whales will vote whatever brings them the biggest profit in the short term. If they can quickly score larger stakes with their big wallets they will vote for it and then dump the stakes on the market. Holders will probably move on before 2021. I am still trying to figure out why Waves dropped from 18000 to 9000 in just a few weeks, but is probably because people are pricing in the future supply side. When the proposal is voted in (and it will most probably be voted in by the whales) then everyone should move their tokens to staking to protect their holdings or move out of Waves and move back in later when the price has dropped a lot. |
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What is the impact on stability by running different version of nodes? I notice on the Cryptoid block explorer a wide range of versions running ranging from 1.4.3.2 to 1.4.4.7 and one unknown version number. Will the old ones just be ignored or are the differences not mandatory. |
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this is an important modification with a new reward:
"To make WAVES mining attractive, we suggest a reward of 6 WAVES for every generated block, which corresponds to target annual revenues of around ~5.3% (in WAVES) taking into account the possible increase of the generating balance". but will the total number of waves be still stable, or increase with time ? Yes total supply of WAVES will increase, This is very bad idea With fixed supply WAVES is losing value how about minting new coins? Why Shasha Ivanov need to listen to Trolls on telegram and twitter page! They are not part of WAVES community i bet they dont even holding 1 WAVES. "Target annual revenues of around ~5.3%" It's a fixed annual inflation rate if you don`t lease your waves to a node. You have no risks or disadvantages if you lease your waves. With higher revenues, more people will join the waves community and if the growth of the community, caused by the higher revenues, is greater as the ~5% inflation rate then it's for everybody successful, even for people without the leasing feature. The possibility of a bull bubble will also increase because a lot of new investors could join the waves project, caused by the ~5% growth rate. And if you lease your waves to a node, you will get back the ~5%inflation rate caused by the leasing profits. I am pretty sure it's a great idea and it will strengthen the waves project. This is a really good solution for this!! https://forum.wavesplatform.com/t/wep-7-an-alternative-proposal-for-block-generation-reward/17013I dont think that this is a good idea. Unless you are staking, you will not benefit from a higher supply. Lets say someone stores their tokens on a Ledger and keep it long term as an investment. Now supply is increased through a higher stake reward. This means that the price per Waves will decrease as that is how crypto economics works. The person holding it on the Ledger, or any other wallet, will have their investment devalued. In order to maintain value, the person will have to stake their tokens to at least get more tokens. The article mentions "The use of a Proof of Stake consensus algorithm leads to some WAVES being withheld from circulation in full nodes. Similarly, some tokens are withheld because of leasing, and with the arrival of sidechains yet more tokens will be locked up and removed from circulation." The introduction of higher rewards and increasing supply will therefore increase the problem with more people withholding tokens by locking them up in staking nodes to not devalue their holdings. I cannot see any benefit with increase in rewards. it seems like a short term "solution" to increase interest in Waves in the short term. Why not rather wait until it becomes clear that there is a real problem. Currently the problem is only a perceived one as the writer of the article uses the words " Ultimately, this may prove unsustainable". Why make this change on something that may happen. The only know issue that will materialize out of this is that the price of Waves is going to the gutters and the whale holders will increase their holdings even more as they will get the most of the increase rewards. I would much rather prefer if the team ramps up adoption and usage so that circulating token supply becomes a real problem. There are way enough tokens already in supply. A shortage of token supply would in fact cause an increase in the price of Waves which would create much more interest in the token than getting more tokens in the short term. |
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I read in the AMA about staking through Honest Mining. Normally with staking through a service there is a risk if coins have to be transferred. Do yo have any plans to introduce a mechanism for cold wallet staking if holders want to keep their coins/tokens on a Ledger hardware wallet? Similar to what Stratis has developed here. |
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is burning still alive ?
It looks like the initial coin generation phase is over - instead of Proof of Work, we had Multi-Proof-of-Burn. Now the plan is to move onto a new blockchain with a new purpose, and begin Proof of Stake. Of course, as always, anyone who doesn't want to burn their BARR and swap to the new blockchain can keep their coins and continue on the NXT Platform as always. Their BARR will still continue to function the same. But we haven't set a firm date yet for the swap, so there's plenty of time to think and discuss. I have tracking BARR in the past and is also interested to know about plans for the future. Have you decided yet on which blockchain you will be moving to? For example token on Eth, token on Waves, token on Binance chain etc. or will you create your own new chain? |
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The characteristics of this project seems to be that of a security token. Can you confirm how you will be handling this as the exchange opportunities for a security token is very limited. You also automatically excludes the USA from your holder base.
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I notice in your roadmap that you will be creating an Elrond DEX. Since Elrond is BEP2 will this be a DEX on the Binance chain or do you foresee Elrond becoming its own chain independent from Binance chain? Also, on your roadmap there is mention of a payment gateway. Will this be to facilitate normal retail transactions by humans as you focus in your documentation on inter machine IoT transactions?
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Any speculation on the news that will be released tomorrow? Any idea of the topic? I hope it will be an announcement of a big partnership and adoption of Waves by a large company or sector.
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I cant seem to update my wallet. None of the nodes work.
Can anyone help and give me a list of working nodes. please?
Did you manage to get your wallet working? If you want I can give you a bootstrap file that will take you right up to the current block. It is just very large @ several hundred MB. Unless of course you managed to sync your wallet on your own. thanks for the nodes! Is this coin worth it, or is it DOA? Is it even on any exchanges?
Whether it is worth it or not is up to you. It certainly is fun watching the blocks tick over after all this time. It was last traded on Yobit but I dont think it is active for withdrawal. |
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