There is a saying that absolute power corrupts absolutely. The extent to which power can and will corrupt an individual is different from what its effect will be in another. This is as a result of personality differences, exposure, background etc. A selfish person will use power for personal gains and self interest. All over the world, we have seen and read about people whose entire personality had a swift change when they tasted power and everything it comes with. I think that to answer this question, we have to personalize it by pondering on what we will do if given power. Are we going to let it take over our humanity?, Is it going to be an avenue of oppression?, etc.

Pix here:

http://imgur.com/a/Sx24m

crosspost from instantdex slack ...

pix here:

http://imgur.com/a/Sx24m



jl777 [7:21 AM]
I also figured out how to get automatch, without automatch

jl777 [7:22 AM]
well, the GUI will be doing some basic automatch when you submit the order, but I am making a background task that will poll all openorders

jl777 [7:22 AM]
then if it sees an order anywhere that would satisfy it, it will proactively do a makeoffer process

jl777 [7:24 AM]
so when we add support to trade on centralized exchanges (user activates this by putting in trading API key for exchange in GUI), then you can put in an InstantDEX order and if it sees a good chance that it can get the order filled on poloniex, it will punch an order through

jl777 [7:25 AM]
anyway, I have a dozen test vectors to get past and still on the easiest ones, so it wont be till much later today for a release

jl777 [7:25 AM]
that is assuming I dont go crazy from all the possible combinations

smiley [7:57 AM]
you're the man @jl777, Its been fun to watch you work over the last 7 months......... Still Hodling........ This channel has been getting interesting these past few weeks. I can't wait to move my trading to Instadex!

jl777 [7:58 AM]
thanks! I want InstantDEX GUI to be something that I would use for trading

jl777 [7:59 AM]
and so I need to make sure the API supports all the things that are needed

jl777 [8:00 AM]
after things calm down, I can port all my trading signals into the API
NEW MESSAGES

cryptosleuth [6:53 PM]
http://imgur.com/a/Sx24m

cryptosleuth [6:53 PM]
here are some pics from one of the latest versions

cryptosleuth [6:53 PM]
it would be good to hear about the major things people want changed

kitchentable [6:55 PM]
that is insanely good looking. I'm loving the panels on the right side.

libertynow [6:59 PM]
Very nice guys.  I"m chomping at the bit.

libertynow [6:59 PM]
Give me some DEX!

kitchentable [7:00 PM]
Buy all instantdex!

jl777 [2:34 PM]
cross posted:

jl777 [2:36 PM]
InstantDEX GUI is almost ready for beta, I got virtual orderbooks working (and it is being displayed) for any assetA/assetB (or assetB/assetA if you like it that way)
today I will debug the automatic trade clearing of such dual orderbook entries
each one will have the magic API sequence needed to do the trade and I expect over time I will keep adding more and more methods for trade completing

jl777 [1:48 PM]
crypto777 library is my new sourcebase that I started writing a couple weeks ago, I am combining ideas from TF, new tech from CfB, and just doing what makes sense to me. turns out I am doing things that are similar to previously described http://ftp://intranet.dei.polimi.it/users/Carlo.Piccardi/VarieCda/ArticoliStudenti/i15.pdf, https://www.cs.unm.edu/~saia/papers/RandomBeacon.pdf and others, but it is a method that I will use to solve network security, quantum computer attacks and pangea realtime betting. It is currently able to do pretty fast blocktimes on my 128 thread localhost network, but I still need to add command processing so it can add new nodes, catch up if it falls behind, etc. The consensus mechanism is totally abstracted out from the block contents, so a plugin can be created for any new tx type.

I believe I improved on BCnext TF, at least I have a method to practically do thousands of tx per block, with a very fast blocktime, but this is still "theoretical" I havent coded it yet, but it is "only" a distributed network application level complexity once the decentralized consensus is taken care of. The big problem is what to do with all that data! this I dont have a solution for yet, but I do have ideas and once the older projects go into maintenance mode, I will have time to experiment

mr_e [2:10 PM]
Is this using btcd or is it a completely separate "coin"?

jl777 [2:36 PM]
the crypto777 "coin" (I think I will name it CLOCK as the blocks come out like clockwork) is a framework to add a decentralized consensus onto anything, eg. pangea chips, but I am also investigating BTCD sidechains as it makes no sense to release yet another coin when you can enhance an existing one. CLOCK supports the concept of a ledger, which is simply a balance tied to an account and there are transactions that modify the ledger. I use 48 byte signature and 32 bytes for simple tx, but all the tx handling I would prefer to be totally abstracted away from CLOCK itself.

I have worked hard to make the code as simple and easy to understand as possible. With the line count being so low, it becomes feasible to get a full code review for any and all flaws. The temptation to contaminate the consensus mechanism with blockdata is quite high though... But if I can totally abstract out the blockdata semantics, then it will be a framework for any sort of data consensus, in realtime, that a subset of nodes can maintain. So a node would subscribe to a tx stream type X, Y and Z and only have to deal with them and if a tx type B is having a problem, it would just mess up ledger B, while all the other ledgers just keep on going. So like a blockchain OS, you can run multiple "processes" but just one consensus chain. My breakthrough idea is to overlap the time variable consensus generation with the actual blockchain data, since the consensus is only about which nodes are to become generators (no tx data at all), there is little room for disagreement, forks, etc. and this chain builds very fast. <2 seconds in my localhost test network of 128 threads. I have a logN network topology, so add 6 hops at worst case 500 milliseconds each hop still gets us to 5 second blocktimes for the consensus chain.

now we have a consensus chain growing once per 5 seconds and that means the data chains can be any time above this and it will be like a CLOCK

Since the codebase is so small and I fully understand it, I can start to solve the more difficult issues, like a backed and pegged fiat crypto, realtime ledger consensus, hmm actually I think those are the only two unsolved things left

so combined with the other improvements, BTCD is quite a sleeper now

btcddev [2:44 PM]
:smile:

uh yeah. you are so right. my wallet is not even syncing. oh wait a minute, yea it is, solid as rock, going on six months now.

get a life.

wut? bob surplus was in cloak?

Bud, I can tell you James has been in the BTCD / SN / Instandex slack pretty much 24 / 7 for the past six months running, working endlessly with dozens of devs. You are pretty much talking out your ass at this point, maybe you should give it a rest.

That would be redundant.  You will be able to trade against any other coin via the Supernet integration and Instandex.

If they are blowing you off in chat i'd say start a dedicated name & shame thread in this forum. Plenty of people will help keep it bumped to the top. Cryptsy deserves to be shamed until they change their ways or loose all the customers. Just my 2 sat.

BTCD will be the reference currency for the InstantDex decentralized exchange, which is nearing completion. This will allow a large liquidity aspect no matter which pairs are being traded. Dividends from InstantDex and Supernet both flow into BTCD. In addition, the BTCD teleport system will serve as the main anon backbone for the entire SuperNet ecosystem.

Most of this has been happening well under the radar - out of sight of this forum - since the SuperNet / BTCD community works in a decentralized Slack-based structure (currently around 400 active participants, 100 channels). The recent implosion of BTER has led to a full court press on finishing both the GUI and the backend of the InstantDex decentralized exchange. The current activity in the Slack is quite impressive to watch - both in the level of activity, and the decentralized mode it is all happening in.

The low liquidity for BTCD currently is a symptom of both a deep-set holding mentality among current investors - who are well aware of what's ahead for BTCD - and the disappearance of BTER, which was the most liquid exchange for BTCD. Add this to the fact that BTCD is being ruthlessly accumulated each time it drops below 4.

So the previous poster's advice is solid advice if the trading time frame is day trading.  Viewing the longer time frame a different picture emerges.

This post should be endlessly bumped. Along with every other post about Crypsy fraud.

They are gaming you to see if you give up, and let them keep the money.  There is no other explanation for an exchange to be doing this to so many people, for so many months in a row.

You have three options:

1) give up

2) contact the florida Better Business Bureau and join the many complainants trying to regain their funds

3) lurk on the cryptsy chat and politely but insistently harass any mod that shows up with your ticket number and request for resolution. That's how i finally got my funds back.

good luck man. and for anyone else, get your money the fuck outa cryptsy while you can.

yes.i suppose mozart would not be mozart at all if we did not know mozart.

Or maybe you are not paying attention to the single, most obvious trend of the last 15 years  -which is decentralization - in everything.

You are apparently not currently aware of the massive numbers of people who are having problems with cryptsy. By seemingly recommending them or minimizing the current situation you are venturing into the territory of being co - responsible for people who rely on your word.

In the meantime i think the above is a very good idea: folks in the slack channel should be pasting interesting bits here. This will help with the information flow and give a more realistic activity level in this thread.

such silliness. people saying that ethereum has achieved nothing?

they are building an ecosystem that is very much there in the public space to be seen by anyone who looks.

i think tilecoin is a fine project but it is like comparing something very small to something much, much larger in concept & ambition. your decision to use foul language further sabotages whatever point you are trying to make.

My personal opinion is that no altcoin these days can afford to discourage people showing up with basic questions. As for SN, having been in the slack channel there a couple months, i can say without exaggeration that it has some of the most interesting and active dev work currently happening, and a refreshingly open atmosphere.

BTW Noahssh is pretty central in the scene there, he might have even been checking things out here with regard to possible supernet functionality. Would not hurt to show him around.

my advice would be to open a ticket immediately. took me over three weeks to get them to credit 40000 missing opal.

Or one might consider that SN thread is a friendlier place that is more welcoming to basic questions, instead of being met with a major bug up ones ass attitude attack.

I think this is a excellent idea. A lot of people are coming from a non-nxt background and have an intuitive familiarity with Electrum. SBits is doing it, why not.