I assumed that unlike bitcoin cfn will need people to have the entire blockchain downloaded ?
A spv client wound't make too much sense since the most important data is what's encrypted in the chain , right?
You should make a more detailed explanation about how the coin works to avoid poeple getting the wrong idea like i have probably.
Fair enough. We have a brief description on the site, but basically here's the flow: - A user enters a confession on confessioncoin.com and presses confess - The user is displayed a CFN address and a penance amount - The site monitors this address and determines when the penance has arrived - If the penance doesn't arrive in 48 hours, the confession is deleted and never displayed - If the penance arrives, the confession is: 1) inserted into the blockchain via a new transaction made, and 2) displayed on the site with a link to the block that the transaction is stored in The reason we chose this model is because we are trying to add value with the site, although it introduces centralization. We're not big fans of centralization, but this isn't life or death here, it's a virtual confessional :-) The penance discourages users entering spam since it costs CFN (but can't eliminate spam if that's what people choose to spend their CFN on). The site however can filter as needed. If you perform a transaction manually, a user can insert any message/confession into the blockchain, however it won't be displayed on our site because it did not use the penance system required to be displayed. Part of the value add of being displayed is that others can 'like', 'sympathize' (via the 'me too' link) or tip the author (grant absolution). So in short, there's no need to have the entire blockchain and SPV clients would work just fine. Does this help clear things up? So in reality, your site is not parsing the chain to display the confessions... it is capturing them to a database and just submitting them to the chain as an afterwards... does the site even have a check that the confession exists in the chain before it can be displayed, or can one be made on the site and it will show regardless of if you submit it to the chain as a transaction? Partially incorrect! The first version parsed everything from the chain, which was vetoed due to the noise issues. The current version issues the transaction to the blockchain and records the transaction ID, which is linked from every confession (have you seen the site?) But since the site is the one automatically issuing the transactions upon penance arrival, it only 'displays' the confessions from the transactions that it issues. It wouldn't surprise us if someone wrote a new site that shows all confessions, or even does something similar to what we're doing on the same blockchain. |
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I assumed that unlike bitcoin cfn will need people to have the entire blockchain downloaded ?
A spv client wound't make too much sense since the most important data is what's encrypted in the chain , right?
You should make a more detailed explanation about how the coin works to avoid poeple getting the wrong idea like i have probably.
Fair enough. We have a brief description on the site, but basically here's the flow: - A user enters a confession on confessioncoin.com and presses confess - The user is displayed a CFN address and a penance amount - The site monitors this address and determines when the penance has arrived - If the penance doesn't arrive in 48 hours, the confession is deleted and never displayed - If the penance arrives, the confession is: 1) inserted into the blockchain via a new transaction made, and 2) displayed on the site with a link to the block that the transaction is stored in The reason we chose this model is because we are trying to add value with the site, although it introduces centralization. We're not big fans of centralization, but this isn't life or death here, it's a virtual confessional :-) The penance discourages users entering spam since it costs CFN (but can't eliminate spam if that's what people choose to spend their CFN on). The site however can filter as needed. If you perform a transaction manually, a user can insert any message/confession into the blockchain, however it won't be displayed on our site because it did not use the penance system required to be displayed. Part of the value add of being displayed is that others can 'like', 'sympathize' (via the 'me too' link) or tip the author (grant absolution). So in short, there's no need to have the entire blockchain and SPV clients would work just fine. Does this help clear things up? |
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Are there technical limitations to the amount of data you can store in the blockchain? I see you set the character limit at 256, but could you put, say, an image in that field if you wanted to? I imagine the blockchain would get pretty large and unweildy if you were to store the Harry Potter series in 1080p on there, but there could be some room for interesting applications.
Just curious -- where did you get the 256 character limit from? That's not correct, it's actually 500 bytes (technically 512, but we truncate confessions at 500). And no, an image wouldn't make it intact (or any binary data) based on how we're passing and storing data. But yes, storing arbitrary data (that can be arbitrarily large) in the blockchain is something to be explored, although disk space may need to be cheaper, as it could discourage people from running full nodes if the blockchain is Terabytes in size ...It also gets into legal questions, e.g. is it legal to run a full node if the Harry Potter movie is a part of the blockchain (regardless of if you ever plan to watch it)? The bitcoin blockchain is already to big for some users and many complain about it. Bitcoin has a solution at hand , truncate the blockchain , but what will confession coin do? The same , truncating old confessions? This is not a solution... Waiting to see how thing unfold We will wait for people to complain :-) We also don't think the bitcoin blockchain is very large, but could anticipate how it could become large and unwieldy at some point in the future. Personally, I have the entire bitcoin blockchain on an SSD on a lightweight laptop (that's more or less a netbook). I can understand this is too big for some users, but frankly, if it really is too big for them (considering the advantages it's providing by participating in the system), then those users are free to use more centralized solutions (such as blockchain.info). For CFN, we are considering offering a centralized online wallet for people to use easily, perhaps built into confessioncoin.com. |
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dev ,did you contact bittrex.com,when they will add this coin?
We did contact them, but we don't know when they'll add it. Please contact them and ask, it might help! |
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Hey We want to gauge if there is interest in a web wallet?
Would you use it? Why or why not? should we implement? Thoughts?
You need to promote the strengths of your coin: Innovative use of blockchain storage, website tie-in, perfect launch, active/responsive devs, possible forks/other great dares? Very useful feedback -- keep it coming! Also, know anyone that can help with the promo (as a potential team member)? |
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Hey We want to gauge if there is interest in a web wallet?
Would you use it? Why or why not? should we implement? Thoughts?
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Just so you guys know we are still doing free confessions for a limited time at confessioncoin.com!
... and if you feel like paying the penance yourself, feel free! The only problem with us paying for them is that it tends to seem like they all showed up around the same time since it's manual process on our end for now. We're choosing not to automate the process (of automatic payouts from our end) to keep spam/non-sense confessions out, but it does have that downside. In truth, we don't care if you don't care ;-) |
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Just so you guys know we are still doing free confessions for a limited time at confessioncoin.com!
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Dev, have you considered hiring that hype man thisweekscoin? I suspect that this coin could thrive with a bit of exposure.
We have not -- any links? We're happy to get more exposure, as it's still pretty early on for us. But so far so good :-) It's this dude: https://twitter.com/ThisWeeksCoin He's pretty well known in the crypto community. I think confessioncoin could do really well if it were to reach twitter/facebook type crowds. Thanks for the reference, I think our team is on it! |
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Dev, have you considered hiring that hype man thisweekscoin? I suspect that this coin could thrive with a bit of exposure.
We have not -- any links? We're happy to get more exposure, as it's still pretty early on for us. But so far so good :-) |
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Not sure why you would be getting that error at all...? The site is up and running and someone is hashing at 1MH right now. It looks good from here. Thanks for opening the pool! |
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Are there technical limitations to the amount of data you can store in the blockchain? I see you set the character limit at 256, but could you put, say, an image in that field if you wanted to? I imagine the blockchain would get pretty large and unweildy if you were to store the Harry Potter series in 1080p on there, but there could be some room for interesting applications.
Just curious -- where did you get the 256 character limit from? That's not correct, it's actually 500 bytes (technically 512, but we truncate confessions at 500). And no, an image wouldn't make it intact (or any binary data) based on how we're passing and storing data. But yes, storing arbitrary data (that can be arbitrarily large) in the blockchain is something to be explored, although disk space may need to be cheaper, as it could discourage people from running full nodes if the blockchain is Terabytes in size ... It also gets into legal questions, e.g. is it legal to run a full node if the Harry Potter movie is a part of the blockchain (regardless of if you ever plan to watch it)? Did we just postulate Torrentcoin?  Could even just store the .torrents in the blockchain. OP, I mis-remembered the character limit. Another use could be storing wikipedia entries on a blockchain. Just trying to think of things that would be good to have duplicated/distributed across the globe for preservation. I think we did postulate it! It's not a new idea though, e.g. https://bitcointalk.org/index.php?topic=145278.0A developer (or dev team) contacted us just before our launch and asked about the very same thing and we are considering a possible collaboration. It's not a far stretch from what we have built (as you noticed) to lend some sharing efforts for that kind of project. PM me about this when you have some serious people willing to start... I discussed this with members of the Franko Collective and Cryptsy backroom and we came up with some really good ideas and pointed out where code already exists for most of the needed features. A handful of great coders and a few idea and research people could get a true P2P blockchain based torrent tracker going in a few months if not sooner. Will do! :-) |
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Are there technical limitations to the amount of data you can store in the blockchain? I see you set the character limit at 256, but could you put, say, an image in that field if you wanted to? I imagine the blockchain would get pretty large and unweildy if you were to store the Harry Potter series in 1080p on there, but there could be some room for interesting applications.
Just curious -- where did you get the 256 character limit from? That's not correct, it's actually 500 bytes (technically 512, but we truncate confessions at 500). And no, an image wouldn't make it intact (or any binary data) based on how we're passing and storing data. But yes, storing arbitrary data (that can be arbitrarily large) in the blockchain is something to be explored, although disk space may need to be cheaper, as it could discourage people from running full nodes if the blockchain is Terabytes in size ... It also gets into legal questions, e.g. is it legal to run a full node if the Harry Potter movie is a part of the blockchain (regardless of if you ever plan to watch it)? Did we just postulate Torrentcoin? Could even just store the .torrents in the blockchain. OP, I mis-remembered the character limit. Another use could be storing wikipedia entries on a blockchain. Just trying to think of things that would be good to have duplicated/distributed across the globe for preservation. I think we did postulate it! It's not a new idea though, e.g. https://bitcointalk.org/index.php?topic=145278.0A developer (or dev team) contacted us just before our launch and asked about the very same thing and we are considering a possible collaboration. It's not a far stretch from what we have built (as you noticed) to lend some sharing efforts for that kind of project. |
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Are there technical limitations to the amount of data you can store in the blockchain? I see you set the character limit at 256, but could you put, say, an image in that field if you wanted to? I imagine the blockchain would get pretty large and unweildy if you were to store the Harry Potter series in 1080p on there, but there could be some room for interesting applications.
Just curious -- where did you get the 256 character limit from? That's not correct, it's actually 500 bytes (technically 512, but we truncate confessions at 500). And no, an image wouldn't make it intact (or any binary data) based on how we're passing and storing data. But yes, storing arbitrary data (that can be arbitrarily large) in the blockchain is something to be explored, although disk space may need to be cheaper, as it could discourage people from running full nodes if the blockchain is Terabytes in size ... It also gets into legal questions, e.g. is it legal to run a full node if the Harry Potter movie is a part of the blockchain (regardless of if you ever plan to watch it)? |
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so whats up are we mining or re-launch or what?
Yes, the mining has been ongoing. The launch was only delayed about an hour but everything has been up and running since then. There is no need for a re-launch since it did happen, just a touch later than expected! |
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Now all the juicy secrets are coming out!
Heh, perhaps. Based on a recent confession, if anyone would like to join our team, just PM us! |
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