In some places in the world 6 BTC in a month is a very good salary. Is this going to be setting a precedent? Will another 6 BTC be required for development next month etc etc.
I am not saying that you (the developer) are not doing great work with Bitmark, but I do think this is potentially a dangerous path. Should the reward not be in the projects success?
The rewards will be in the projects success, this has been my own approach to the project since inception, and why I was so firmly against IPO/premine etcetera. Bitmark and it's projects are only possible if my personal balance at home is correct. I find myself in a position where to keep up with Bitmark's momentum and demand at this crucial time means sacrificing the balance, which is not physically possible. I see this as a one off, because a community is forming who will help maintain balance as the project matures, allowing me to step back a little and restore the balance of Bitmark / Work / Life. Think of it as a 'kick start' to the project, after one month of showing the potential and lots of hard work. We are not in a speculative IPO position, we have a solid project with lots of valuable interest. I am prepared to put everything I have in to this permanently, earn it's value, but for now, for a short period of time, I need some financial help to solidify what we are doing here. The proposal came about after I raised the subject with the community, I always promised I would be transparent if there were ever any issues with Bitmark which affected me personally. Here I am doing that, after consulting with the community as to what was the most reasonable risk limiting approach. "snapshot support. Devices will never need more than 1 GB of storage or RAM to run full client"
Did you read the post about 500 thin clients rather than one bulky full client?  Ideally we would all have the resources to be able to focus all of our attention singularly on Bitmark but in reality with living expenses it's generally not going to be possible with out some method of sustaining oneself.
Coinsolidation/Mark has been working like crazy since this idea was born and I don't think he's had much time for much else. Since there is no IPO or no premine that can be sold off the alternative is development funded by donation, or in this case crowdfunded projects that are separate from Bitmark but still add significant value to the project.
This is an issue we've been debating for a long time now, how to ensure sustainable development and proper incentive. Projects like this should pay for themselves many times over, but it's an investment in both Bitmark and an what is basically an open source startup. People will also be able the take to project and expand its scope as an internet value transfer system outside(but still connected to) Bitmark. But that comes after.
Exactly, we have solved 99% of the problem, the only thing that was never addressed was a fair way to support the developer in the first year at times when a concerted effort is needed. What is being discussed is the proposal to do that. I live in Europe and have a family, I wish the economic costs of supporting them were lower, but they are not. The amount being discussed subsidises what I would otherwise be making by working for a few weeks, I cannot do both, I have been trying that for weeks. As an added incentive and show of good will, I would be prepared to send all of the Bitmarks I own 421.67310715 BTM to the first reasonable investor, to be sent back after GetMarked is launched. That way I am putting my full stake in Bitmark on the line, and can only earn it back.Simply, I am just trying to do some hard work on a project people want to see happen. |
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Definition of 'Get Marked'GetMarked is a distributed reputation system, like karma which follows people around the web. It is something simple which your friends and family can use. Reputation is given by the process of 'Marking' giving someone a mark for something they have created or shared. It's implementation and usage is similar to clicking Facebook's 'Like' button, no complicated crypto currency client to be seen. Reputation systems such as scores, karma, and likes have proven successful, Marks follow people around the web, and also real life. The novel part is that they are backed by currency, they are literally currency as '1 Mark' is '0.001 Bitmark'. The more the marking system is used the higher the value of each single mark. This adds a layer of competition and incentivization for users, they will compete for marks and watch the value rise. Natural milestones exist, to get 1000 Marks, and later 100, adoption milestones where a mark is worth a cent, then ten. Eventually marking something could be synonymous with paying for something. Marks are to be earned, each mark earned by an individual adds value to all. Consider marks to be spendable karma, an amusing post on a social network could pay for your coffee, marking a video of the crisis in syria could pay for aid on the ground, marking an article about a mistreated animal could pay for it's shelter, and marking this idea could pay for it's creation.GetMarked also acts as a faucet. 1,000,000 Marks will be distributed by it to each new user. Additional marks to send can be acquired by people depositing them from the block chain. Each users reputation is the sum of all Marks they have been sent. Their available balance to give as marks to others, to withdraw, or to spend is the balance of inputs they have been given minus any marks they have sent. The GetMarked system is to be royalty free and open source. It also provides everything needed for services to integrate with GetMarked or Bitmark. In this manner we can both rapidly grow adoption, stabilize our libraries for services to adopt, and begin the thought process of users considering marks as something to be earned, something with value. For the most recent incarnation of the specification see Get Marked on the github wiki
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There is an 8 BTC investment opportunity in GetMarked and Bitmark, which will enable me to keep up with our earned momentum for a month or more, pay for resources required, and provide a fair amount of Bitmarks to any investors, whilst reasonably securing their investment.
If any one has interest do speak up.
of course  deadline? No deadline to secure the full 8 BTC. As soon as any one makes the first part investment I can immediately give Bitmark/GetMarked my full attention, and restore some much missed time with my family. An alternative way of looking at it is, if I can secure enough for the first few days, GetMarked can be created to a point that showcases the concept and also Bitmark, to such an extent that the remaining investment flows in. Earn it. |
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Bitmark will thrive by having businesses grow out of, and having value, because of its value. I think it's great! To sow the seeds and nuture a business, an idea, an organisation, that others perceive to be of sufficient 'worth' to consider (so soon) potential off-shoot businesses / services - is this not a great compliment?! Forwards >>> !  To have people already planning new businesses and organizations on the back of GetMarked, which is just a single part of Project Bitmark, will surely enhance the value proposition to both users and existing businesses alike. Things are moving fast on this little thread. I am sorry to do this but I must bring this back up: I started defining an unnamed project on this thread exactly 1 month ago today. What is achievable in a single month is clear to see.
To do the same thing for GetMarked and have it adopted and being actively used by non crypto web citizens can be achieved by this date next month.
To balance my families needs, paid work, and bitmark is nearly impossible. To balance all of that and getmarked is impossible.
If I can replace the paid work for clients with a funding/investment to create getmarked, then balance is restored and even more than the last month is achievable.
6 BTC would cover my families needs, all project resources, enable some tips to those helping.
2 BTC would provide a reasonable amount of BTM as investment to those who invested.
After a month we would have bitmark a month more mature, and getmarked beginning to be adopted and used.
The work on bitmark and getmarked will continue with or without this, I do not want to loose our momentum or burn out.
Any future adoption focused side projects would be proposed by me or others, and considered at that time. Some may take a few hours, or some a few weeks, many will fall out naturally and with no cost incurred, others may need some financial commitment in order to be completed.
Taking this transparent approach is fairer, less expensive, less risk, and more guaranteed than anything like IPO, as if getmarked is not of merit and does not earn value then any subsequent proposal would be rejected by any potential investors.
I look forward to our status in one years time, for then the bitmark foundation will cover funding for anything the community decides is worth doing.
There is an 8 BTC investment opportunity in GetMarked and Bitmark, which will enable me to keep up with our earned momentum for a month or more, pay for resources required, and provide a fair amount of Bitmarks to any investors, whilst reasonably securing their investment. If any one has interest do speak up. |
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Here is a redacted private message relevant to GetMarked. I know you aren't too concerned about country code top-level domains but I have registered: getbitmark.co.uk.
If you ever wish to use the domain (Or you wish for me to point it anywhere) let me know.
Take Care
Thank you, you can also use it. As getmarked progresses it may be a business for multiple people, probably people who have claimed a stake in bitmark or getmarked early. As businesses expand they need some geographical targeting and management. If it was of interest to you then you may have just registered the domain for the UK branch of a future getmarked organization. Bitmark cannot manage it, it can create it, support it's growth through the bitmark foundation, but there will come a time when others need to focus on it exclusively. That makes sense I think!? Mark Others may have an opinion on this. |
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GPU miners can't mine it fairly, it's impossible, arguments there in wiki ain't make GPU owners to mine it. Lots of Titans will land on this coin and in a week expect incredible difficulty. You have to make it at least scrypt-n, so home miners can win several months. This is it. Good luck.
GPU miners can mine Bitmark fairly, you will receive an amount of BTM according to how much hashrate you commit to securing the networking for it's users. Mining is a service offered, not a money printing machine. If you offer a less efficient service that is not as beneficial to the users then your service will not generate as much revenue. Technology progresses over time, GPU miners made CPU miners redundant, ASICs make GPUs redundant. You keep up or you fall behind. I am the developer, I do not have an asic, I cannot mine the coin I created. When I can I will buy an asic to do so, and if I want to sooner I will hire one, or later buy some BTM, but that is speculation on my part. My service is not mining, my service is developing. If your service is mining then treat it as a business and upgrade your hardware, or target your service at people who require gpu hashing to secure their network. Bitmark's focus is on it's users, the decision to use scrypt is in their best interests, to keep their network reliable and secure. |
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Quite simply that - I have registered mymarks.org
This is good news, we have our first third party service being planned before getmarked is even created! I m not a miner.. How could I buy some coin just to be part of the project? Are u thinking about a crowd fund giving coins to the investors? thanks for the reply
Yes, you may either rent a miner, ask someone with coins to sell them, or here is the current crowd funding proposal: We do need to work on Budget Proposals for the different facets of Bitmark. In addition, how much BTC is required to register the domain? I will contribute what I can, just let me know what the minimum requirements are.
This is an issue which is quickly having an impact on me personally. Bitmark was started with the intention of balancing my time between Bitmark, a small amount of paid work, and family life over the first year. Bitmark has grown much quicker and faster than I anticipated and the other two are suffering badly as a consequence. Momentum on this project feels very important to maintain. I have discussed this in IRC and something has been proposed. Keep the main channel of bitmark development and support under the model of unpaid work which earns value over time, things like Bitmark, Pfennig, IPM Pool, electrum client, block chain explorers and so on. Crowd fund side projects such as 'GetMarked' which focus on adoption. This allows me to work on bitmark full time over the first year, covers resource requirements, and caters for anybody else who wants to join the specific side project. The crowd funding allows us to gauge whether a side project is worth doing. Achieving the budget allows us to put full effort in to the rapid development of the specific side project. A portion of the budget (20%) would be used to mine bitmarks and distribute them to the funders. The side project itself would increase adoption, earn value for bitmark, and remunerate those funding by the BTM they hold. As a practical example, 8 BTC could ensure GetMarked's success, 6 BTC would cover all of my time for a full month, allow for budget of resources, and allow to tip the people who help. The 2 BTC would generate roughly 16,000 BTM to distribute to funders. As Bitmark grows, this approach could be used for each adoption based side project whether it is me leading it or another community member, and until such a time that the Bitmark Foundation pays for all these things with BTM directly. I would appreciate any feedback that can be given, Bitmark progress could be far more rapid than it currently is if basic budgeting constraints were not an issue. Some users expressed this as a worry before Bitmark began, and tried to convince me to do an IPO, even pledging large amounts to it. I refused the offer, and would do the same again. This perhaps feels more balanced, and earned.I didn't find information about what algo this coin uses.
Our Proof of Work is Scrypt |
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Updated OS-X ClientThe OS-X Bitmark client has been updated to fix a minor bug, it also includes the latest checkpoints. You can download it from the tagged release on github. dc6222d67170d60109baf224868fa355401c4ecda6b6ee0d72aed703b04ca1d3 Bitmark-Qt.dmg
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Somebody mentioned a 'market cap' earlier, we have no market. A measurement is the production cost, we can calculate the cost to produce 1 BTM at any given period of time, then use this to calculate a 'production cap' and an average production price for each bitmark. I have calculated this with a quick script http://bitmark.co/production.txtBlocks BTM Hashrate BTM Cost Production Cap Av BTM Cost
60 1200 49020728 0.00000400 0.00479995 0.00000400
120 2400 81693444 0.00000667 0.01279910 0.00000533
180 3600 279351728 0.00002279 0.04015229 0.00001115
240 4800 230605789 0.00001882 0.06273244 0.00001307
300 6000 227752514 0.00001858 0.08503320 0.00001417
360 7200 422116248 0.00003444 0.12636542 0.00001755
420 8400 704103743 0.00005745 0.19530891 0.00002325
480 9600 985475984 0.00008041 0.29180343 0.00003040
540 10800 1244937053 0.00010158 0.41370352 0.00003831
600 12000 1212715152 0.00009895 0.53244855 0.00004437
660 13200 1493924463 0.00012190 0.67872865 0.00005142
720 14400 1732095208 0.00014133 0.84832964 0.00005891
780 15600 2493093770 0.00020343 1.09244507 0.00007003
840 16800 2723402588 0.00022222 1.35911157 0.00008090
900 18000 2019212301 0.00016476 1.55682611 0.00008649
960 19200 1665279289 0.00013588 1.71988471 0.00008958
1020 20400 1708049511 0.00013937 1.88713122 0.00009251
1080 21600 1644031706 0.00013415 2.04810933 0.00009482
1140 22800 1689848983 0.00013789 2.21357371 0.00009709
1200 24000 1961575413 0.00016006 2.40564463 0.00010024
1260 25200 2013296640 0.00016428 2.60277993 0.00010328
1320 26400 1806849920 0.00014743 2.77970065 0.00010529
1380 27600 1574954743 0.00012851 2.93391497 0.00010630
1440 28800 1662593354 0.00013566 3.09671057 0.00010752
1500 30000 1769401697 0.00014438 3.26996448 0.00010900
1560 31200 1725201472 0.00014077 3.43889046 0.00011022
1620 32400 1516172649 0.00012372 3.58734903 0.00011072
1680 33600 1593827413 0.00013005 3.74341130 0.00011141
1740 34800 2176422021 0.00017759 3.95651929 0.00011369
1800 36000 2282442025 0.00018624 4.18000841 0.00011611
1860 37200 2348750509 0.00019165 4.40999023 0.00011855
1920 38400 2697567235 0.00022011 4.67412702 0.00012172
1980 39600 2136943000 0.00017437 4.88336935 0.00012332
2040 40800 1640108003 0.00013383 5.04396326 0.00012363
2100 42000 1855222281 0.00015138 5.22562044 0.00012442
2160 43200 1844002147 0.00015047 5.40617899 0.00012514
2220 44400 1129279294 0.00009215 5.51675425 0.00012425
2280 45600 1069183315 0.00008724 5.62144512 0.00012328
2340 46800 1119950419 0.00009138 5.73110693 0.00012246
2400 48000 1125823234 0.00009186 5.84134379 0.00012169
2460 49200 1176946213 0.00009604 5.95658644 0.00012107
2520 50400 1130209862 0.00009222 6.06725282 0.00012038
2580 51600 969124326 0.00007908 6.16214624 0.00011942
2640 52800 846911412 0.00006911 6.24507299 0.00011828
2700 54000 862776094 0.00007040 6.32955315 0.00011721
2760 55200 1008556054 0.00008230 6.42830759 0.00011645
2820 56400 1099980350 0.00008976 6.53601400 0.00011589
2880 57600 922773719 0.00007530 6.62636893 0.00011504
2940 58800 776256299 0.00006334 6.70237736 0.00011399
3000 60000 905431222 0.00007388 6.79103417 0.00011318
3060 61200 1138467506 0.00009290 6.90250911 0.00011279
3120 62400 961728085 0.00007847 6.99667832 0.00011213
3180 63600 848408274 0.00006923 7.07975163 0.00011132
3240 64800 988191656 0.00008063 7.17651206 0.00011075
3300 66000 1091366774 0.00008905 7.28337506 0.00011035
3360 67200 1038184608 0.00008471 7.38503063 0.00010990
3420 68400 938098403 0.00007655 7.47688610 0.00010931
3480 69600 968727375 0.00007905 7.57174066 0.00010879
3540 70800 965632605 0.00007879 7.66629218 0.00010828
3600 72000 683901163 0.00005580 7.73325750 0.00010741
3660 73200 572106293 0.00004668 7.78927625 0.00010641
3720 74400 588033458 0.00004798 7.84685452 0.00010547
3780 75600 557011792 0.00004545 7.90139526 0.00010452
3840 76800 554624734 0.00004526 7.95570227 0.00010359
3900 78000 541595017 0.00004419 8.00873344 0.00010268
3960 79200 508575042 0.00004150 8.05853142 0.00010175
4020 80400 453505733 0.00003700 8.10293719 0.00010078
4080 81600 446061825 0.00003640 8.14661407 0.00009984
4140 82800 494230026 0.00004033 8.19500743 0.00009897
4200 84000 516921570 0.00004218 8.24562267 0.00009816
4260 85200 800649010 0.00006533 8.32401955 0.00009770
4320 86400 1257259955 0.00010259 8.44712625 0.00009777
4380 87600 1146676837 0.00009357 8.55940503 0.00009771
4440 88800 1124757489 0.00009178 8.66953753 0.00009763
4500 90000 1178355463 0.00009615 8.78491817 0.00009761
4560 91200 1257031700 0.00010257 8.90800252 0.00009768
4620 92400 1126593078 0.00009193 9.01831476 0.00009760
4680 93600 1099819292 0.00008974 9.12600540 0.00009750
4740 94800 1295361830 0.00010570 9.25284291 0.00009760
4800 96000 1392475862 0.00011362 9.38918951 0.00009780
4860 97200 1128127319 0.00009205 9.49965198 0.00009773
4920 98400 1090122240 0.00008895 9.60639311 0.00009763
4980 99600 1099527330 0.00008972 9.71405516 0.00009753
5040 100800 1034199168 0.00008439 9.81532050 0.00009737
5100 102000 1313515933 0.00010718 9.94393560 0.00009749
5160 103200 1417751126 0.00011568 10.08275706 0.00009770
5220 104400 1150382449 0.00009387 10.19539868 0.00009766
5280 105600 1105662796 0.00009022 10.30366149 0.00009757
5340 106800 1267870559 0.00010345 10.42780715 0.00009764
5400 108000 681507085 0.00005561 10.49453806 0.00009717
5460 109200 395005402 0.00003223 10.53321567 0.00009646
5520 110400 430309375 0.00003511 10.57535013 0.00009579
5580 111600 618221385 0.00005045 10.63588431 0.00009530
5640 112800 740674761 0.00006044 10.70840871 0.00009493
5700 114000 734874671 0.00005996 10.78036519 0.00009456
5760 115200 693231969 0.00005657 10.84824415 0.00009417
5820 116400 669127822 0.00005460 10.91376292 0.00009376
5880 117600 723361795 0.00005902 10.98459209 0.00009341
5940 118800 934473049 0.00007625 11.07609258 0.00009323
6000 120000 854796926 0.00006975 11.15979144 0.00009300
6060 121200 817211800 0.00006668 11.23981010 0.00009274
6120 122400 916463412 0.00007478 11.32954714 0.00009256
6180 123600 900822770 0.00007350 11.41775270 0.00009238
6240 124800 873902487 0.00007131 11.50332232 0.00009217
6300 126000 843324975 0.00006881 11.58589789 0.00009195
6360 127200 832091278 0.00006790 11.66737350 0.00009172
6420 128400 841107644 0.00006863 11.74973195 0.00009151
6480 129600 963120645 0.00007859 11.84403752 0.00009139
6540 130800 1052094344 0.00008585 11.94705509 0.00009134
6600 132000 1181580282 0.00009641 12.06275149 0.00009138
The exact figures are unknown as every hashing device has a different cost, and many people use rented mining rigs. This is a reasonable measurement. This calculation can be used on any currency, it would be interesting to apply it to some other currencies and cross reference it the market price Update: getbitmark.org has been donated to the project! |
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Just skimmed over the text so please be clement if i miss something. We talk about ~100 BTC (8x12) for first year? As a practical example, 8 BTC could ensure GetMarked's success, 6 BTC would cover all of my time for a full month, allow for budget of resources, and allow to tip the people who help. The 2 BTC would generate roughly 16,000 BTM to distribute to funders.
No, only 1x. I started defining an unnamed project on this thread exactly 1 month ago today. What is achievable in a single month is clear to see. To do the same thing for GetMarked and have it adopted and being actively used by non crypto web citizens can be achieved by this date next month. To balance my families needs, paid work, and bitmark is nearly impossible. To balance all of that and getmarked is impossible. If I can replace the paid work for clients with a funding/investment to create getmarked, then balance is restored and even more than the last month is achievable. 6 BTC would cover my families needs, all project resources, enable some tips to those helping. 2 BTC would provide a reasonable amount of BTM as investment to those who invested. After a month we would have bitmark a month more mature, and getmarked beginning to be adopted and used. The work on bitmark and getmarked will continue with or without this, I do not want to loose our momentum or burn out. Any future adoption focused side projects would be proposed by me or others, and considered at that time. Some may take a few hours, or some a few weeks, many will fall out naturally and with no cost incurred, others may need some financial commitment in order to be completed. Taking this transparent approach is fairer, less expensive, less risk, and more guaranteed than anything like IPO, as if getmarked is not of merit and does not earn value then any subsequent proposal would be rejected by any potential investors. I look forward to our status in one years time, for then the bitmark foundation will cover funding for anything the community decides is worth doing. |
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I wholeheartedly agree, to reach out to other communities and bring people in is always our primary goal. We do not want to become a community of people swapping money between ourselves, it is clear where that ends up. To bring in one potential adopter or somebody to the discussion, that is as more valuable than any funding could be. OK, well then lets move in this direction. I agree that Crowdfunding Bitmark's Side Projects will provide a good metric by which to gauge public interest. We could also consider RocketHub.com. - Funds donated through RocketHub are given to the project, regardless if the project meets its monetary goals. - Also noteworthy, RocketHub's new partnership with A&E could potentially magnify Bitmarks exposure outside of the crypto community. (This appears to be inline with Bitmarks long term Strategic Vision) Rockethub.com is very good, it is a shame we do not have an active crypto equivalent. We should put that on our list of side projects, focussed at the same user base, they can pay with fiat and the project can receive bitmarks. The Bitmark Foundation could also sponsor projects which it felt had merit, or give them what is needed to reach their target. For now I feel we are too immature, the work we would have to do on Bitmark's website, presentation, documentation, and community would be more than to create a working version of GetMarked. This thread is interesting if you are following it yet fractured and expensive to read if you are not, this serves us well on the forum. To bring new people from something as pleasant, modern, and creative as rockethub to a thread in the alternative coins section of bitcointalk is not the first impression we want to give. If you would bold and state it that for example 20-30% of donator fund would be used for mining Bitmark and he/she would get them in return then it wouldn't be just a fund, but also an investment.
Yes, it is an investment, as the creation of getmarked will enable adoption which eclipse's that of all cryptographic currencies combined. As an immediate starting point - can anybody donate the domain name getmarked.org (or funds to buy it) to the project? - I will create a one page website which coherently lays out the concept in an easy way Doing this will enable us to refine and present the idea simply, the concept and impact need to be made clear. |
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I wholeheartedly agree, to reach out to other communities and bring people in is always our primary goal. We do not want to become a community of people swapping money between ourselves, it is clear where that ends up. To bring in one potential adopter or somebody to the discussion, that is as more valuable than any funding could be. |
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We do need to work on Budget Proposals for the different facets of Bitmark. In addition, how much BTC is required to register the domain? I will contribute what I can, just let me know what the minimum requirements are.
This is an issue which is quickly having an impact on me personally. Bitmark was started with the intention of balancing my time between Bitmark, a small amount of paid work, and family life over the first year. Bitmark has grown much quicker and faster than I anticipated and the other two are suffering badly as a consequence. Momentum on this project feels very important to maintain. I have discussed this in IRC and something has been proposed. Keep the main channel of bitmark development and support under the model of unpaid work which earns value over time, things like Bitmark, Pfennig, IPM Pool, electrum client, block chain explorers and so on. Crowd fund side projects such as 'GetMarked' which focus on adoption. This allows me to work on bitmark full time over the first year, covers resource requirements, and caters for anybody else who wants to join the specific side project. The crowd funding allows us to gauge whether a side project is worth doing. Achieving the budget allows us to put full effort in to the rapid development of the specific side project. A portion of the budget (20%) would be used to mine bitmarks and distribute them to the funders. The side project itself would increase adoption, earn value for bitmark, and remunerate those funding by the BTM they hold. As a practical example, 8 BTC could ensure GetMarked's success, 6 BTC would cover all of my time for a full month, allow for budget of resources, and allow to tip the people who help. The 2 BTC would generate roughly 16,000 BTM to distribute to funders. As Bitmark grows, this approach could be used for each adoption based side project whether it is me leading it or another community member, and until such a time that the Bitmark Foundation pays for all these things with BTM directly. I would appreciate any feedback that can be given, Bitmark progress could be far more rapid than it currently is if basic budgeting constraints were not an issue. Some users expressed this as a worry before Bitmark began, and tried to convince me to do an IPO, even pledging large amounts to it. I refused the offer, and would do the same again. This perhaps feels more balanced, and earned. |
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also ensure you have downloaded the blockchain and it is up to date.
how does one verify that with bitcoind? getinfo also check the block number corresponds to that you see on blockchain.info |
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bitmark.co is registered. bitmark.foundation is registered. a domain for getmarked is not yet registered, we will need to find the budget as bitmark has none. I am comfortable discussing domains publicly for now. We move fast on this thread, by the end of the day we may have the domain bought, hosted, and being developed. Thank you for your words of warning, I am aware of the practises of the domain name industry, let us not worry, open discussion to find the right one is more important. The GetMarked thing is something we should put some efforts right away. It's not only a good idea - it's 'just' the future of crypto... I've watched some talks by cryptocurrency gurus (and other scientists that are doing investigation about this matter) and what comes to attention regarding the adoption of digital money is: "trust and credibility", "focused on/supervised by the community", "more then call it 'money' it should be known as a reward system".
'you click something; you do something = you get marked => you are rewarded'. Nowadays, that's how things get value, presence, relevance. The more badges, likes, subs, marks you have more popular and relevant you are - That's how it already works everywhere. So what's been missing? Imo, what's been missing is the acknowlegment of the importance of this method of adoption. And implement it.
Another thing is, this will ease the marketing of the coin. It's much more easy to make people to adopt a reward system then to 'sell' the idea of use a new crypto currency. Much more!
(There are some other communities working on this aswel. So lets jump on asap.)
It is good that we have a shared understanding of the fundamental parts so early on, this bodes well. Today I will write what I feel has been discussed, as a starting point for us all to adapt and agree. GetMarked is only one string in our bow, it will be taking shape by the end of the week and ready to test and play with soon after. We are fortunate that we can move quickly with very little 'noise', we have the term 'Mark' as a unit of currency, our foundation is balanced in all respects, and we have many people who want to join in. |
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IPM ClarificationsIPM doesn't define Bitmark, it's entirely optional. The only goal of it is to balance the interests of people through the growth period over the first year or so, we expect it to naturally phase out as investor-miners either hold or move to being miners. Over time we expect it to be used on an as needed basis, where if the network comes under attack investors can show a vote of confidence by stabilizing the network, securing their investment, and acquiring some more bitmarks fairly in the process. There is a hard cap on the donation to the Bitmark Foundation, the goal is a total of 70,000 BTM, 0.250% of the total supply to be minted. Put another way, IPM is a way of managing the crypto community over the first year. It allows us to get the usual issues out of the way to concentrate on adoption. Is it possible that there is a bot that crawls the web to find domain names that are not registered and register them? Seems plausible.
getmarked.org
Yes, I actually created one for a contract some years ago. getmarked.org, how did I miss that? I am happy with that, perfect in fact. Thank you.
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1. The blockchain on the computer will be larger than the cloud storage offered 2. It's a P2P program, the blockchain is the decentralized storage (cloud), or should be. 3. Why is this a currency? 4. Why do you have shiny graphics and the logo of an exchange but no specification? 5. Why are you trying to pass off owncloud ( https://github.com/owncloud/apps) as being your own work and having anything to do with cryptographic currency or blockchain? |
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The simpler and easier it is, the more people invest to build on it.
I cannot improve on that answer, I have tried to say it before, although it took me a page and you a few words. Do you mind if I quote you in order to add clarity? Absolutely not. Feel free. Reading your essay now.  Edit: Wow, reading through Bitmark now. Impressive stuff. Thank you, if you ever feel like discussing something interesting or sharing some insight, please feel free to drop in. |
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Program version 4.8 doesn't match environment version 5.3
It looks like the wallet was created (or modified) with a version of bitcoin that was built to use berkeley 5.3, and you are trying to salvage it using the built in 4.8 What can I do to get a newer version of Berkeley? I've never heard of this before. And why would the latest version of core have an older version than one from a year ago? If you are on linux, and say building from source, then the default berkeley is 5.3 for the operating system, and bitcoin uses 4.8 in the compiled executables. I do not know if this applies to you, but it may well be the problem. |
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Before proceeding I would like to take the time to thank eThought for his service, we have found it to be very fair and stable, the miners and I are very happy. If this were ebay I would write "a+++++++++ top service!".
eThought, I have been studying the hashrate graph over several days, and I feel it would be nice to tweak the network hashrate display.
When you call 'getnetworkhashps' on the daemon it can take two parameters which are 'blocks' and 'height'.
Whilst many may think hashrate is measured, it is actually just an estimate from the average times of the last [number] blocks, similar to how difficulty is calculated.
The default 'blocks' parameter is 120, in Bitmark's case that is a 2 hour sample. What I have found is that large changes in network hashrate take a very long time to filter through to getnetworkhashps, it can take an hour or more to reflect an addition of 30% to the network hashrate.
So, would it be possible for you to play with that number, to see how it reflects on the chart?
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