Awesome article thanks Blue Magic.

Also guys the article with Bitcoinbuzz is still going on. I wrote the first draft of the pegging whitepaper its 18 pages and pretty technical. So I figured doing that would give me practice in writing about pegging for the article. So far client is running well its nice to see more people actually using its features. 

Hey everyone, I was invited to an interview on Pirate Radio... https://www.wprpn.com/

They are pretty popular on "minds.com" supposedly. The audio was a little rough since I was at my friends place and it was a laptop mic.

I was sure to mention BitBay and the pegging stuff. All in all it was fun.

Here is the link:
https://www.youtube.com/watch?v=YGJzX5Dpy1o

BitSquare is not decentralized. They claim to be and it's just insane. They are simply an escrow. They hold the 3rd key and if their key gets stolen everything can get hacked. They can also collude. No matter how many times I bring this up with them, they continue to claim they are decentralized when nothing can be further from the truth.

Bitbay IS decentralized. Halos double deposit escrow is two parties only. Each one puts up their own collateral there are no 3rd parties. Sure I can add you on Skype.

That's cool it sounds like at least you keep yourself busy. Yes I'm still developing BlackHalo. There are differences. blackhalo/bithalo is multicoin BitBay is similar to Blackcoin for now although it will have pretty major differences when I finish the rolling peg.

The client has changed a lot. I've coded the world's first decentralized markets, unbreakable contracts, etc. There is a pretty long feature list with things like steganography, pay to email, automated joint accounts , price tracking, automatic translation to 92 languages, and a bunch of other things.

The history since BLK is definitely a long read if you are like TLDR then basically what happened was I was asked to project manage BitBay by BTER and a few others who quickly abandoned the project with what they raised and tried to drag me through the mud. Of course I stayed and mapped out a rolling peg feature that can revitalize any coin by controlling and freezing supply. I still work on Blackcoin too however I've got less control since that coin is technically someone elses. I was going to do decentralized exchange with a microtrader in BLK called NightTrader but that is on hold because i think it would be too slow and consist of too many transactions per trade (Bitcoin is very slow). And I've been coding a couple years on this project and will be working the rest of 2017 to see everything finally completed.

It's cool to see the stuff you are working on, dev work is pretty big workload indeed.

Winner:

https://chainz.cryptoid.info/bay/block.dws?1056984.htm

The riddle was designed by slack. A good hint but probably too many features to guess. A single feature would have been easier to solve.

Okay so the passwords to the two keys for the competition are:

DecentralizedMarketMultisigPegging

Pay2MailSteganographySmartContracts

Now somebody should really take that $15 in the image. Next riddle we will make easier 

Right NightTrader can be a microtrader but it would trade live coins and require users to buy Blackcoin to set up a double deposit contract. This is why it is something I'm hesitant to finish. Since the time it would take to set up that contract (a few minutes) and the amount of trades required per trade (10-20 transactions) and the fact that Bitcoin transactions are expensive IF you want it in a block (several dollars per trade) and the amount you would put in a deposit in BLK (at least 20% collateral)

All of it makes me worried that 1000 hours of coding the user interface charting and fail safes and ability to check any blockchain would be in vain if nobody used it. Guys, I always try to keep my promises to myself and others. We have decentralized exchange already, but it might not be worth additional effort for the pretty UI and dedicated nodes for fast order matching if nobody wants to deal with the slow trading.


In theory you can ALREADY do microtrading in BlackHalo. Its just you will have a hard time finding trade partners. People want speed, marketing, muscle. Without fast trading, we get low volume.


This is why atomic trading is actually a little more exciting. The only problem with AT means that NightTrader will not be exclusive to Blackcoin anymore since the double deposit would be unnecessary.

Also AT still requires you to clear all your orders live. Thats a lot of transactions added to the already slow Bitcoin. Again, I'm not sure people will even wait for AT orders to confirm on Bitcoin blockchain (because AT can't be done in one transaction). Again, if I build out NightTrader as an AT exchange those are the drawbacks.

Thats a nice thing to say. Honestly its not about money at this point. I've got a huge workload with this decentralized pegging tool and templates. Currently, I'm working here and am in a negative cash flow position. So I've got to build this out, I'm essentially paying myself a couple grand a month.

Its a matter of priority, the feeling of being completely liberated. The fact that if I keep coding, BitHalo and BitBay will be completely finished. It will be worth it even if nobody ever uses the software. Just the idea that the project is completed. Sure it works... we have unbreakable contracts and decentralized markets. But there is a lot more on the dev schedule.

Crysx have you looked at the decentralized rolling peg design here?

this only works if the payload hash stays the same for each anonymous partner does it not? Otherwise, it would just be a chain of nonsense hashes that could claim to contain anything. A user could collude with themselves and spread fake funds over many accounts with data that is apparently okay as the new recipient can't confirm or deny the validity of previous transactions. It doesn't seem like it would be easy to hide data because the spending transaction needs to get change as well which would have to be public to know quantity.

If the payload hash is always the same i guess it makes sense however it would not allow coins to be subdivided would it not be similar to minting a coin? Also when the data becomes non-private it would be easy to expose everyone involved.

It's not "better" than double deposit escrow! Thats crazy talk. The fedex example doesn't work because fedex doesn't know the CONTENTS of the box. Double deposit escrow is meant to stop deception forever. This means only the two parties involved know about the truth of the deal. A tracking number system can be gamed by filling boxes with incorrect items or making them empty. It can harm buyer on purchases and seller on returns (depending on who the platform favors). Double deposit is superior to all escrow systems and it always will be due to its purity. There is no middleman in DDE, thats the point. It forces both parties to put a deposit and only they can sign off on it. Oracles are no different from judges and juries. Biased third parties that have no knowledge of the truth beyond superficial guesses.

WITH THAT SAID,
Byteball is doing something new and amazing. They are enhancing the p2sh multisig accounts by making them much more legible. Instead of n of m keys they can give different keys weight which eliminates the need for redundant keys. So its basically better multisig.

Byteball can do double deposit escrow pretty easily with this in a couple transactions using a Halo protocol. If they have locktimes they can even do it in one elegant transactions (not sure what codebase supports but would highly recommend locktimes)

I didn't make the riddle, however good we think that it was a little too tricky. The clues actually are clever and do lead to this conclusion. It's a combination of the following features each key has a different password.

DecentralizedMarket

SmartContracts

Pegging

Multisig

Pay2Mail

Steganography


I won't give the order yet or which key they apply to.

Well actually when it asks you to do "key to image" the ninja feature is changing it from looking at private keys in the dropdown box to "all files" and then open the photo. Then it will realize there is something hidden inside and ask you to extract it. That doesn't seem to be covered in the tutorial. I should probably make that less of a "ninja" feature. Since you can do the same for files. If you find a file you want to hide you can select it and the software realizes its just a normal file, it will ask you if you want to hide it in an image.

Key to image in the menu, it's a ninja feature

I'm bumping this, this has happened with me before on multiple watchonly addresses. It's a bug with Bitcoin and wallets. I think they connect to a node that drops and then another node doesn't know about the transaction and the wallet skips it or something crazy.

For me rescan didn't work until I restarted the client perhaps in some cases delete and resync the chain and check to see if you are on a small fork. Regardless there is a weird bug in Bitcoin with txids and I've seen it twice and I send a lot of transactions. The daemon skips transactions sometimes. I don't think this has been fixed an issue should be opened on github.

Yeah the issue is not with Halo, its with Blackcoind. It might have already been running or Blackcoin-QT or like it says antivirus(check task manager). We used to have a problem with avast blocking python but we sent our program to them and i think its no longer an issue. You can always build from source of course at www.davtonia.com/bithalo/haloobf.zip

As for finishing NightTrader this has been discussed before. First off, I have a few more templates to finish (python contracts, barter, buy/sell) those make the client more user friendly. The question of NT is weather or not I will make it a microtrader or not. Let me explain the problem I ran into, it didn't have anything to do with coding per se.

If we do it the way I had intended, we can do NightTrader by the following methods:

MICROTRADING:
THE ORIGINAL plan was to microtrade under double deposit (this can already be done actually if you do it manually under a contract). Where the software would automate payments (BTC for ETH or LTC for DOGE etc) and the deposits would be double deposit in Blackcoin. So lets say you want to trade 1 BTC for 90 ETH you would deposit .5 btc each of BLK and trade like this:
.25 .25 .25 .25 until the trade is complete
That seems great but the problem I foresee is this... will anyone use a decentralized exchange that has to wait for Bitcoin confirmations?! This means the trade can take up to an hour unless you use online services to confirm early. Also many deals might be for higher amounts AND you would need to do that contract with all traders on the order book.

So Bob wants to trade with Alice, Joe and Steve because they ALL had orders on BlackHalo. So they arrange deposits in BLK and can end up doing anywhere from 4 to 50 transactions for the same trade. (imagine 500 btc wall waiting for hundreds of little payments)

All this live trading bloats the blockchain. So it works but WILL PEOPLE USE IT???

Will people buy Blackcoin just for the deposit? And will rising in prices of Blackcoin and then dumping in some cases make the deposit value go below the trade causing defaults? We would need higher deposits then.

I had a huge problem with BlackHalo and BitHalo. I thought BitHalo would replace localbitcoins because you don't need to trust anyone, not even an arbiter. But if nobody uses BitHalo what the hell was the point? Nobody sells anything on the markets, it was years ahead of Ethereum and Open Bazaar, translates to 92 languages has like 50 different little features (joint accounts, steganography etc) and still never got used by the masses.

So imagine if I build an exchange interface for NightTrader to do microtrading and then nobody even uses it because its not lightning fast like poloniex and they have to form multiple contacts. Also being peer to peer if any of your trade partners disconnect during a trade that would greatly extend the amount of time you are waiting for the trade to finish. Its amazing that we can do decentralized exchange this way but I want people to use what I make and not deal with the same bullshit of not having users.

Granted I don't advertise, but its hard to advertise and code.

Plus should I list all the orders on my decentralized markets? Because then it means waiting for the POW on each order which can make for a slow orderbook where orders are accepted out of order. Its a tricky engineering job. I can do it but i would want users and some sort of knowledge that my 1000s of hours of coding wasnt in vain.

So here is the OTHER options:

ATOMIC TRADING:
This is a great idea, we use checklocktimeverify to do trades between coins. The problem here is, this doesn't make NightTrader Blackcoin centric and it just means Blackcoin is listed as a coin. Also this means only coins with checklocktimeverify can get on the exchange (Blackcoin, Bitcoin, BitBay, Ethereum etc)... there is very few coins with true locktimes. And adding Ethereum is a custom contract meaning more work if I want to add them. Also it still means multiple trading partners and more than one transaction per trade. Granted its dropped to only a couple transactions per trade which is wonderful but still speed is the issue.

MULTISIGNATURE EXCHANGE:
So this is one of my original ideas but again its not BLK exclusive. Basically the exchange holds the 2nd key to all joint accounts. Then users sign over transactions of SIGHASH SINGLE for their change which is blank checks basically where the exchange routes IOUs to the users. There is a couple problems, the same as BitSquare, there is still a security risk that the exchange can collude. And even without exchange collusion a hacker who gets exchange signing keys can effectively try double spending by getting involved in trades and defaulting. Its not as secure as it looks. Sure its 100 times more secure than a normal exchange but is it truly worth the effort?? And plus I have to take the liability of holding that exchange key. So I'm subject to the laws of governments who will say I'm holding the key and this added responsibility is very unattractive.
The advantage? Its fast.

LIGHTNING NETWORKS:
Again this is much like multisignature exchanges, this creates a "Mt. Box" for routing live daisy chained micropayments. The problem here is the same (and by the way Lightning networks look very insecure to me because of this). The exchange can simply collude with itself and withdraw pretending to be a trade partner. The only way to avert this threat is if the exchange had collateral in frozen coins which requires pegging so this is like ultra future tech. Also it requires crazy segwit, servers and tons of engineering.

I'm not entirely sure why everyone loves lightning networks so much. True its really brilliant engineering. But it gives too much power to the exchange. Since the exchange doesn't actually put up collateral you have access to, the only way to make "Segwit" work is with a pegging frozen coins system where Mt.Box is sitting on tons of frozen collateral so they have to be very wealthy to begin with and then use that as a deposit in case they collude.

Otherwise the only way to do P2P payment routing is by forming joint accounts with many people and using the lightning network principals with withdraw from those daisy chained payments and form multiple relationships and then it would never be "off the chain" it would only be less bloat and a little bit more P2P. That's the only trustless way. Of course you can always prune the blockchain and not care about bloat (bandwidth might be the bigger problem anyways which is why P2P options are more attractive). Then again there is always servers than can host all that data too. Is bloat the biggest problem or not? How many terabytes does facebook process a day? 500?

Lightning networks should not be a "Mt. Box / All the users" relationship it should be a daisy chained "all the wealthy users / routing payments to everyone else" kind of network. That is still P2P bloat free and it means settlement will happen all the time to form new relationships for missing joint partners. That I think would completely prevent collusion since in the case of the "rich users" example, they would put collateral. Of course Mt. Box can put collateral and should. Can we assume they will be holding any funds to begin with?


So you guys can give me your thoughts but I'm stuck. Thats why I'm just building out BlackHalo and waiting to see if it catches on before going and committing myself to another couple years of coding for no clear purpose(when it comes to NightTrader).

BlackHalo on the other hand is improved so much in the last year people should really try it. It will be 100% done for commercial use this year. Its already pretty commercial, but there are more templates and an api to finish.
 

Hmm I opened it, the riddle is pretty hard. But there is 15 dollars in there! Definitely worth solving if anyone can get it. I haven't solved it, credits to munti and Craig!

Yeah I've seen 3d food. Someone said it tasted great!

Organs I haven't seen will add this to my archives.

Dude the tires is amazing I can tell you it's 20 minutes per tire pounding dirt. My friends dad built one. In Mexico we have very cheap labor so if you pay by the tire like a dollar a tire you will get your house built and a very large one built for a couple thousand. For a few hundred per wall spray on stucco for a nice finish and protect against offgassing.

My other favorites on the list are Expandable Chinese Shipping Container homes that slide out in both directions. You can get a set of 2 houses for 5,000 USD and each one is 15 ft by 20 ft roughly. Shipping was about 1500 or so.

Also I like Cob 3d dirt printing. I also dedicated an entire section to aircrete and i can see it being mixed with flyash(which is recycled). You can mix with hemp for ultra strength. The aircrete was so inspirational that I bought the machine and have had long talks with the guy from Gibran center.

Compressed earth bricks are great but they need to cure for a few weeks. Unless you buy the very expensive horizontal press and those can and should be dry stacked because they are uniform height. Interlocking bricks is a gimmick use rebar instead. I think if you've got 20k the horizontal press pays for itself. I think that is the one that makes uniform bricks.

Earth bags are good but getting those very long bags is actually hard to find and not as cheap as it looks. It requires a little research.

But those are some of the best ones. However they are all so exciting and this research will take me a year to finish.

I'm trying to find a clear "winner". Tires is definitely up near the top. But CEB 3d printing Aircrete Cob and inflatable forms are also very interesting.

Dirt homes have the best advantages for insulation being resistant to pests and being free and locally sourced. Which also makes underground options interesting if a flooding technique is found that is cheap.

You are right, I didn't realize so many things were already "printed". Well the good thing about houses is they are being 3d printed now, so this is extremely close to being commercially viable.

https://www.youtube.com/watch?v=SObzNdyRTBs