I did some digging into why devcoin's difficulty is increasing so much. Vircurex says the hash rate is around 6thash. A list of recent devcoin coinbase are: "5b323031332d30362d30325431333a33313a33362e3436323531375a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"04c02d151a010152"
"5b323031332d30362d30325431333a34313a35382e3432353934345a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"04ca0f151a010152"
"5b323031332d30362d30325431343a31363a32332e3439373238385a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431343a33313a32332e3533303138385a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"049aec141a010152"
"5b323031332d30362d30325431343a35383a34352e3234303439385a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"044cee141a010152"
"5b323031332d30362d30325431353a30363a34392e3439373934395a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431353a31313a35362e3631323439335a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431353a32303a35372e3139303232355a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431353a32323a31352e3234383030325a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431353a33303a34382e3435303432395a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431353a33353a30342e3630353339305a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
Eleven out of those 15 are the long coinbase which contains the string "Made in China" when translated to ASCII. This appears to be a bitcoin pool that is currently only identified by the string in the coinbase. An example of a bitcoin block of theirs. I assume from the coinbase string these are the same miners. Looks like they have a substantial hash rate! They could also be the ones dumping coins. Maybe some of the ASIC makers are finally using p2pool to set up merged mining instead of wasting all their ASICs on bitcoin alone? -MarkM- |
|
|
|
If OT trades tokens how can it exchange tokens into fiat? Or is he then also referring to dUSD dJPY etc and it's a matter of agreement between buyer and seller whether thay perceive that dUSD or dJPYto have equal exchange value against something as a USD would have?
Take that up with the fiat authorities, me I don't touch the stuff as I said it is impractical to even try. -MarkM- |
|
|
|
A lot of testing has been going on also of CPU-only systems for distributing coins. As pointed out earlier, mining is not actually needed for securing currencies, Ripple uses consensus, proof of stake uses stake, so making people burn up lots of electricity might not really be all that necessary. Sheer intensity is something GPUs and FPGAs and ASICs are good at, so an approach to CPU mining that takes advantage more of a CPU's ability to adapt to circumstance is being looked into that actually does not really take a heck of a lot of pure power per se. I have written up on it a little at http://www.devtome.com/doku.php?id=cpu_mining-MarkM- |
|
|
|
man so I went to the site to DL the source.. there is nothing there?
Don't worry about it, obviously it is far from ready to launch. It needs to set some ports that do not conflict with bitcoin's, it needs to set a massively higher difficulty that will take a hell of a lot more than just two miners to manage to mine faster than the target difficulty, it might even need handshake magic-bytes to make it unable to "accidently" connect to some other coin's clients. All in all it is an abortive mess, wait for the author to fix it up and probably even make a new genesis block so all this garbage pre-test stuff goes away, and launches it properly with a reasonable difficulty. -MarkM- |
|
|
|
|
This "problem" nicely matches a "problem" Open Transactions servers have.
With my Open Transactions server, I only issue stuff on the server for which I have the corresponding actual thing secured frozen in deep-freeze in a cold-wallet vault.
What incentive is there for anyone to tie up coins in such "frozen forever" deep freeze?
With PPcoin, I could maybe provide an incentive: I could make available to people the proof of stake mintage the frozen-forever coins can earn.
With all other coins I have had, myself, to provide the frozen-forever coins the traded tokens on the server represent.
Maybe with PPCoin I could talk some people into providing some PPCoin for me to freeze forever so I can issue dPPC (digiPPCoin) tokens on the server.
-MarkM-
|
|
|
|
|
Well that was a total waste of time.
It took only two miners to totally ruin the whole thing, turning it into just another orphan-fest of insta-mining.
I'll stick to Tenebrix and Fairbrix.
Notice that: just TWO miners.
The pathetically stupidly low difficulty is basically no different from zero difficulty.
You obviously do need one or probably much more than one as initial difficulty to do any kind of reasonable launch these days.
TWO miners should have been NEGLIGIBLE, just two such guys should have needed hours per block, since in a proper launch there would be dozens and dozens of such miners...
-MarkM-
|
|
|
|
The Digitalis Open Transactions server has issued 220 million dDVC (digiDeVCoins) so far, corresponding to 220 million actual devcoins secured in cold wallet vaults.
Of those digiDeVCoins how many are in what account gets somewhat more political. I think Martian regulations only require corps to show any kind of balance sheets and such to shareholders who own 10% of the corp, so its not like you could buy one share of a corp to get a list of all the assets it holds...
-MarkM-
Thanks. Been doing some reading on open transactions and had a listen to an oldish cypherpunkd interview with fellow traveller. Appreciate you don’t speak for him and vice-versa, but have a few basic questions if you have a mo to entertain them: (1) OT combines some digital cash concepts. It creates an untraceable, anonymising exchange for say btc, into any other currency type/basket etc. Unless I'm misunderstanding something, what's the basis for it's ability to legitimately do this but not exchange other (fiat?) into btc as a starting point? (2) Following from (1), if it can't serve a role as a starting fiat exchange point does that infer that OT is treating all assets as virtual from the point of its involvement in a process, such that transactions/exchanges incorporating OT are dependant solely on the self-verifying nature of contracts created (i.e. all good so long as you know another party will accept your contract – e.g. an OT ‘US dollar’ as a US dollar etc?). (3) A large part of what I’m reading seems to build upon the example of btc as the backing asset/currency, facilitating transactions rather than necessarily acting as the medium of exchange itself. Is the choice of Bitcoin purely circumstantial i.e. it could be any crypto really, or does this perhaps add weight to the idea of Bitcoin in its limited numbers serving a different monetary role to any actual medium of exchange proposition; rather as the backing medium or commodity. (4) Following from (2), I’m left with a better appreciation of the growing blur between ‘real’ and ‘virtual’ assets. Frankly, what is a financial asset anyway, it seems a moot point which future cash flows are more imagined or real. Hope that makes sense (posted here as the OT threads are more technical). Cheers Open Transactions markets trade tokens, such as digiBiTCoins, digiDeVCoins and so on. The issuer of the tokens creates a contract, and the hash of the contract is the ID of the asset, so changing the contract in any way would result in an entirely new different distinct separate asset. In the case of dBTC, dDVC etc the contract pretty much is about there being real BTC, real DVC in cold storage that each token represents. The problem with using fiat at all is all the laws about fiat that make fiat pretty much impractical to use. -MarkM- |
|
|
|
..
I upoaded an image to the root of the images galleries, but cannot find any working syntax for causing it to actually get displayed on a wiki page.
Anyone know how? Hopefully in a portable way that does not rely on directory structure but, rather, the namespace structure?
..
I added the syntax description to: http://www.devtome.com/doku.php?id=earn_devcoins_by_writing#earnings_per_imageBecause of a bug, images have to be part of a link to be displayed, the link can be to anything. An image link looks like: [[link to anywhere|{{image file name}}]] [[https://bitcointalk.org/index.php?topic=34586.msg2084348#msg2084348|{{devcoin_button_fheenix.jpg}}]] Many images can be seen in the devcoin gallery: http://www.devtome.com/doku.php?id=devcoin_galleryIs there an info page about each image, so you can use as link the image's own page, like on wikipedia? -MarkM- |
|
|
|
You upload it to an image hosting site like imgur or tinypic, then it will give you a link for image boards and forums. It will look like this without the **'s [*IMG]http://i41.tinypic.com/2uyj7lz.png[/*IMG] And when pasted without the stars will work like this.  That is a HORRIBLE idea! We need to own the image, that is, have a copy of it ourselves, not depend on some third party site. -MarkM- |
|
|
|
Actually backing your coin, as in standing ready to buy it back at very nearly the price you sold it for, does seem to be useful. Take a look at http://galaxies.mygamesonline.org/digitalisassets.htmlSee all those assets valued at more than one bitcoin? Those are the ones whose theory was that its backing your currency that makes it valuable. -MarkM- |
|
|
|
|
I put a couple of CPUs on it, as you need a connection in order to mine so had to set up two nodes.
I hoped we could have another of those nice CPU-mined coins, at least for a while.
But no, just one other person on it and instead of economising on electricty by just using the least necessary amount of hashing they are zooming through blocks so fast they are darn close to orphaning their own blocks were it not for the fact one doesn't orphan one's own blocks.
So who-ever joins as third participant likely will also have to spend insane amounts of electricity and both of them will be making it much harder much faster than need be and likely both start getting orphans too. Sigh.
Tenebrix and Fairbrix are so much more civilised, lots of people quietly CPU mining month after month, so far none of these "lets spoil it for everyone by wasting more electricity than need be" folks screwing it up for everyone yet...
-MarkM-
|
|
|
|
|
You'd be lucky to happen upon an IRC channel that has someone else in it, as it picks from 100 channels at random so until there are many more than 100 clients on IRC chances are good that you will land in a channel that has no one else in it.
However you can use -addnode=198.154.60.61:19312 to find a node with an open incoming port.
(Its default ports seem to be the same as bitcoin's, hooking up to a bitcoin node wouldn't be very useful...)
-MarkM-
|
|
|
|
No binaries at start, as usual.  So? The pre-mine is already built in, the dev gets 50% no matter who mines, right? So what does it matter whether some people are faster at compiling than others? The pre-mine is already a done deal. -MarkM- |
|
|
|
Anyone could on theory start mining if they compile the code themselves. At this time, any changes will involve just network parameters.
and that means? ... That it has launched, presumably. Go ahead and compile for your system and start mining... The part about network parameters though, does that maybe mean the magic handshake bytes have not been changed from whichever coin this was cloned from, so that it is not really actually a separate coin-network of its own yet? -MarkM- |
|
|
|
Oh nice, now we can tell you all about all the coins we are NOT launching(*), all the ones that we didn't want to clutter up the forum with... An additional benefit of all these coins is there are no orphans, because the miners who have been mining them, having heard about them person to person in a friend to friend fashion that avoids spamming the forum, have already brought their difficulties up to a nice stable level where orphans are rare...  (*) Not launching because we already launched them, we just were politely not cluttering up the forum with launch announcements about them... -MarkM- |
|
|
|
|
Are projects that already receive DeVCoin funding eligible?
If so you can get quite a few directly from DeVCoin's receiver files.
(Such as the various people involved in Open Transactions development,just getting hold of them all and getting an address from each of them took a crazy amount of time so their entries in the receiver files represent months of work in and of themselves!)
Which reminds me, are you going to use compatible addresses like DeVCoin did, so worthy projects can be placed in the receiver files without having to go through what to them often seems like "all the hassle" of obtaining a special new address possibly even having to run a special new client? Beign able to simple put people's existing bitcoin addresses into the receiver files sidestepped tons of work and huge delays it would have taken if we had made up some new address system; some people in the receiver files likely still have no specifically-DeVCoin address nor have yet exported their bitcoin donation address and imported it into a DeVCoin wallet; all those people would not have been receiving all these many many months if we hadn't used the compatible addresses method...
(Though technically I think you could also just run a conversion to whatever special new address offset; it would just make explaining the whole export from other coin, import into new coin thing seem even more confusing to some users.)
-MarkM-
|
|
|
|
Is there any way to quantify the total dvc volume ties up in OT reserves, GM loans and securities? I find the game ideas interesting but honestly struggle with the abstract (actually not so abstract, but I don't yet have my head fully around this) nature of the 'virtual' vs 'real'.
Generally, there's not really an issue with the economics, it's just about perception. Which, putting aside my own specific views, is interesting because it demonstrates just how early these developments must be in the move towards progress.
The Digitalis Open Transactions server has issued 220 million dDVC (digiDeVCoins) so far, corresponding to 220 million actual devcoins secured in cold wallet vaults. Of those digiDeVCoins how many are in what account gets somewhat more political. I think Martian regulations only require corps to show any kind of balance sheets and such to shareholders who own 10% of the corp, so its not like you could buy one share of a corp to get a list of all the assets it holds... -MarkM- |
|
|
|
|
The devtome wiki syntax page seems to assume images will be on third party sites, which surely is wrong since images are supposed to be uploaded to the wiki, for example that ensures they are appropriately licensed and also makes sure they actually still exist, we cannot go relites to retain our images for us.
I upoaded an image to the root of the images galleries, but cannot find any working syntax for causing it to actually get displayed on a wiki page.
Anyone know how? Hopefully in a portable way that does not rely on directory structure but, rather, the namespace structure?
I tried {{root:yeworld.jpg}} but that doesn't work so no idea how to tell it the namespace. Trying just the file name with no namespace didn't work either, nor even did putting square brackets around it nor using /root/yeworld.jpg on a wild guess that just maybe the root namespace might correspond to a directory named root...
-MarkM-
|
|
|
|
Note that a huge number of the DeVCoins frozen into cold wallets so that tokens representing them can exist on the Digitalis Open Transactions server are already tied up in game stuff. I went looking recently for active digiDeVCoins (the tokens that are used in the Open Transactions server to represent DeVCoins) and discovered that vast numbers of them are tied up in the abstract " economic sectors" system... The same applies to a number of the other currencies on the server. -MarkM- |
|
|
|
|
DeVCoin is not producing any more coins really than "normal" until it reaches the block at which, if it had been bitcoin, it would have halved the block reward. That isd, when it is approximately four years old. Until then it is not doing anything different than any normal coin really.
So maybe the only trick needed is to somehow make sure that when we reach that point we are still growing enough that people are actually glad we aren't halving the block reward.
I don't think that is really very difficult.
Think of DeVCoins as millicoins if that helps. People keep talking about 200 million coins being produced per round, but really that is more like 200,000 coins, it is just that DeVCoin chose to move its decimal point early to avoid all the arguments bitcoin was having about people not liking to use fractions of a coin, the decimanl point has to be moved etc.
We moved the decimal point early is all, we are producing 50 coins per block the same as bitcoin used to, but we call those 50 coins 50 thousand coins just to avoid all the old arguments about the need to move the decimal position.
The fears about coins hitting the market lowering the price interest me because I am wondering whether such fears are strong enough that they could actually be leveraged to support a game?
I am thinking of things like, lets say, just as an off the cuff idea indicating the type of ideas I have in mind, a game in which planets are formed out of coins, so that every ton or kilo or whatever matter the planet is formed of is a coin. Those coins could thus only be spent by reducing the amount of matter in the game. This would lead to some pressure to vanish matter from the game to get coins to spend, but if billions of coins were tied up in the game would people's fear of having billions of coins hit the market motivate them to make the game interesting and keep players playing and bring in new players and so on purely for the sake of ensuring the game continues to be played so that the game does not shut down thus does not disband all those coins back into coins instead of freezing them as matter within the game?
-MarkM-
|
|
|
|
|
Show Posts
