Ona a large scale, this only works  if the loan is secured. in other words, you need to place a deposit.

We did try that out on our exchange but the interest was neglegtible and the discussions around the sense or nonsense made us switch of the feature again and replace it with an options system.

Here the basic thoughts on the loan system that we had in place:
1. Trader A would place an offer to loan coans for a defined fee, for a defined period of time and he specifies the deposit that he requires.
2. Trader B taking up the loan offer would then deposit the amount with the exchange, and receive the coins from trader A (obviously the deposit into the exchanges' escrow account happens automatically)
3. Trader B at a later point in time decides either to forfeit his deposit (incase the price of the loaned coins went up) or pay back the loaned amount and receive back his deposit (if the price of the loaned items went down).

Obviously Trader A - in order to protect himself against trader B forfeiting the deposit - will choose a deposit that is considerably) higher than the current market price of the loaned amount.

So the question is, why would anyone be loaning the amounts? Trader B could just go and buy the coins of the market with the current market value (i.e. lower than what Trader A asked as a deposit) , and in case he needs to hedge his investment, he can buy a sell-option.

But if you guys thnk it still makes sense to put up a loan system based on above "strategy", I will seriously consider activating the feature again.

i have reviewed the csv files of the devcoin daemon and there are no addresses in them that are registered with the exchange other than one of m. in other words, all account balances are correct. the functioning of the exchange is ensured.

I am currently looking into the details. The difference between the coins that you send to the exchange and the coins that you get via bounty is, that the bounty coins show up as "generate" instead of "receive". Unfortunately the devcoind does not fill the account number when it generates a block for a known address, it leaves the account field blank

There are currently two options to solve this:
1. Devcoind sets the account property for the transaction that is generated to the account that is linked to the address in the wallet
2. extend the details of the listtransactions output to include the address

In the meanwhile I will be manually checking on this, I am double checking the devcoind CSV files and compare them against all the current generated DVC addresses in the exchange to look for overlaps.

Urgent announcement:

Do NOT use an address generated from the exchange (vircurex.com) for receiving DVC bounties. The exchange currently cannot identify and process coins received (directly) from bounties. I am working on a fix but this may take some time.

The receipt of coins that you send from a devcoind is not affected by this.

Regards
Kumala

+1 for lightlord for the fast and easy trade of I0coins.

[quote ]
Maintenance shares have been added for maintaining devcoin services which don't get fees.  This includes block explorers and permanent nodes.  The maintenance share is 1/5 of a generation share, it will get payed each round as long as the service is working.
[/quote]


Question, what resources doe a permanent node need (# connections, memory, CPU load)?

Awesome, thanks.

For the not so experienced miners, how do you do merged mining when solo mining?   

Congratulations.

True, I guess it will be manual withdrawals for the time being. Send an email to customerservice@vircurex.com if you wish to withdraw the I0Coins.

War da nicht das Thema, dass wenn Kunden Gelder auf meinem Konto "parken" - und ich den Kontostand der Einzelnen verwalte - um auf meiner Boerse zu Handeln, dann benoetigt man eine Banklizenz (wenn ich die Auseinandersetzung zwischen MTGox und den franzoesischen Behoerden richtig verstanden habe), daher derzeit kein Angebot an SEPA Ueberweisungen und (fast) alle Wire-Transfers gehen aus der EU raus.

 

Now also allowing you to trade Solidcoins.

Once the block count of I0Coin reaches 160000 and we see an increase in hashing power, we'll be activating I0coin trading too. In the meanwhile you can deposit and withdraw I0Coins already.

We just released the feature of Stop-Orders. We'll be extending this to trailing-stop orders in the coming week or two.

Happy trading.

What measures are in place to prevent similar coin spamming as is currently happening to Litecoin?

Buy Options in order to hedge your virtual coins at https://vircurex.com

Ignore this question, for some odd reason I was under the impression that it's CPU mining chain. Powering up my GPUs, that should do the trick.

Mining away at10KHash/sec. After not finding a block for 24 hours I was wondering how long it would take (statistically). I came across the following extract

time = difficulty * 2**32 / hashrate

from the page at https://en.bitcoin.it/wiki/Difficulty

Does this formula also apply to Devcoin?

If it does, then I am getting worried cause: Getinfo shows difficulty of 592 -> time=592*2**32/10000 = ~3000 days

I deleted the wallet and the DB files as well as downloaded the CSV files as you mentioned. It works now.

An observation I made during the loading of the blocks. from block number 11199 onwards I get to see the following error message a couple of times:
 Number of pages in getCommonOutputByText: 3
 Insufficient identical pages in getCommonOutputByText.
Could not get the page: http://galaxies.mygamesonline.org/receiver_4.csv
Exception: Host not found (authoritative)

From then onwards the block download speed drastically reduced to a few blocks per second only.

2MB/day, thats less than 1GB per year, nothing I personally worry about. I'm sure he'll loose interest soon.