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1  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN][HLM] HELIUM on: March 01, 2017, 09:06:13 AM
OP being updated - please keep up with the thread or join Slack


* Snippet from one of three white papers. This is an example of a service.


*This is an example of a MasterNode function designed before DASH announced something very similar and called it Evolution.

* There will also be significant time and effort placed in to writing one possibly two patents. These will be defensive patents to prevent people copying our ideas and releasing them before us. Once we release our patents, we will review the option of non-enforcement against open source projects. Open source is open source, but at least give us the time to release our ideas first before copying them and labelling them as your own.

Technical Architecture

MasterNodes or ServiceNodes?
The network will support both. This is a first for any project and goes back to a system design first considered in 2014.

* MasterNodes will perform network related functions. MasterNode operators will be paid by the network.

We will be implementing a payments network and introducing some features not seen before in digital currencies to make payments accessible to the masses. We are targeting to have millions of ordinary users taking control of their own accounts, without the need to download complicated clients and with no loss of security.

Master nodes will require 1,000 HLM as collateral. When the master node count is very well established and stable, we will consider options to make the collateral dynamic, but this will primarily be influenced by the need to create more server capacity.

* ServiceNodes will perform for profit related services. An Uber type model will be created where the network and users rate providers.

Our initial focus will be for Service Nodes to run fast relay networks, called Decentralized Digital Services Networks (DSDN). These will enable anyone to run a full Bitcoin node for anyone else, for a fee. Or users can run their own secure Helium Nodes, Bitcoin nodes, Monero nodes, etc.

These full nodes will be linked with an encrypted connection to an SPV running on a smartphone. We will also look at adding support for hardware wallet security for those who wish to take those extra steps.

ServiceNodes are essential to keeping long-term income flowing into the network to pay for MasterNode operators.

The DSDN white paper can be found on our web site here

Agile Development
We will be looking to build up a development team based on work packages. This will protect the project long into the future as teams can come in and carry out specific packages of work for defined periods of 1 day or 1 year. From maintaining the web site(s), tweaking wallet designs, to documentation.

We will try to avoid all the knowledge being in the hands of too few people who then pose a systemic risk to the project if something happens to them.

A core team will be responsible for project governance, setting priorities and network architecture.  This team too can be fairly Agile.

Helium will be a self-funded project via block subsidy. So that we can secure the network and invest in it's future, we will have an ongoing source of funding for development work through a consensus rule that will allocate [10% tbc] of the coinbase from each block subsidy to a development fund.

This will be operated through an open and transparent framework to fund current and new developers so that the project remains self-sustainable without needing to be dependent on outside forces that can divert the project away from the aims set by the users of the network.

By using this self-funding option, the development team will be answerable to those network users who have a stake in the success of the network. The users who give the project it's value through their support can collectively influence the direction of the project and also what work packages get priority and what doesn't get funded.

* Coins101

I have had the chance to help build a real life payments company from a $200 start-up to one that was valued at $80m at the time it was sold to one of the biggest banks in the world. That process meant I had to deal with just about every aspect of consumer payments and moving money around the world. There are very few aspects of the consumer payments sector that I haven't had to understand and deliver a suitable real life product around.

I want to take my knowledge and experience of knowing what works and what doesn't, and apply that expertise to blockchain payments - a coming together of the best parts of each to create something truly outstanding that can work for ordinary people in everyday life.

* Karmashark

My background is in managing people, communications and technologies. I left a successful career at BlackBerry to come into the blockchain industry in 2012 . I  am an active and public presence in the space, having worked on blockchain projects in the past via my consultancy as well as advising governments on blockchain technology. I also raise awareness for Fintech in my own country through my role as the Vice Chairman at the Blockchain Association of Canada.

My desire is to use my background to help create something special in the blockchain industry.  Helium is that network of value that offers solutions to real world problems. Solutions that work for everyone on this planet.

Initial Sectors Overview

Rolling Road Map

As a rolling road map, things will keep changing, so check Slack for most recent updates.

Spreadcoin > HLM economic fork
Please see initial notice to Spreadcoin holders

* Effective cut off date for redemption, will be a block height (tbc)
* Two explorers will be used to check against
* Chainz SPR here
* Cryptoguru SPR (we've paid for premium status) here

We will be looking at a snapshot of the Spreadcoin addresses on a well advertised specific date, giving people plenty of notice. Discussions with exchanges will take place prior to any formal details being released.

The total coin supply will remain at around 20m, although the emissions schedule will be changed to an annual reduction of about 7%.

More details to follow and will be posted here.

See and slack

* Twitter
* Slack Auto-Invite
* Slack channel It's our very own trollbox, so feel free to vent any strong views and concerns.
* Facebook (When average Joe mass adoption roll out begins - but hopefully won't be needed for a little while)
* Instagram (When average Joe mass adoption roll out begins)

* Budget proposals website (still in development / testing)
* Budget proposals discussions are only on Slack at the moment

There will likely be a logo and branding competition announced around May or June. However, we are likely to start by talking to a creative agency. For ideation around branding and logos, please consider:

* ServiceNodes and MasterNodes represented by electrons orbiting as a second layer around the core protocol layer
* Build around values of supporting Bitcoin and blockchains
* Cloud based wallets
* Decentralisation is what we're about. But don't bother trying to communicate that as your average person doesn't (A) get it or (B) care. Focus instead on 'cloud' based products and services.
* Anyone working on the branding before the patents are filed needs to sign an NDA. This is also the main reason for leaving the logo competition until later in the year when our full patented plans will be made public.

Moderation Policy
* There are a few ISIS supporters who have offensive flags in their profiles. Their posts will get flat out deleted. This is the primary reason for having a moderated thread. Being a mod creates hassle in having to do the job that the site moderators would otherwise perform, but they will not ban ISIS supporters. I will ban them from this thread.

* Any other deletions will be through moderator type reports. If there is a post you feel you would report to a mod, I'll look at it in the context of the general site mod policies.

The self-moderation policy will be set with a very narrow objective (over and above the general forum policies) and will be strictly followed. It's not a self-moderated thread to create an echo chamber.

Proof of account ownership will be signed from this Bitcoin address: 19yHKVqJhH91ow4XvWpXWzFoYhS4LgXT4y
2  Local / 中文 (Chinese) / vTorrent - 硬币与BitTorrent包括 Coin with BitTorrent Included on: December 19, 2016, 07:03:30 PM

How to get vTorrent listed on Chinese exchanges, please


This is an official announcement for vTorrent project

We are more than happy to take on board suggestions from the community.

Our goal is to make vTorrent the choice for people who uses bittorrent protocol
and for people who love crypto-currency around the globe.

We are not aiming to be 'the next Bitcoin', but we are aiming to be limewire or kazaa with blockchain at its core.

Currency Specification

Max Total supply: 20 million
Coinbase maturity: 50 blocks
Target spacing: 60 seconds
Premine: 3%
*more about premine below

Algorithm: Scrypt (Hybrid PoW/PoS)

Stealth: All-time, impossible to trace transactions through the block chain.

Proof of Work
Last POW block: 97,000
Block reward: 200 VTR

Proof of Stake
PoS interest: 5% per year
Min stake age: 6 hours
Max stake age: 6 days

Ports: 22524 (22525 TestNet)
RPC: 22523 (22521 TestNet)

Additional Node

Bounty For Developer

We will reward 1% of premine to anyone or team of developer that could develop a working concept of 'BitTorrent on Blockchain'
One of the rule is that the solution must be achievable with decentralised/distributed concept, contribute it to our project.
and only if they can deliver it before us.


Please PM me if you want to join our private beta program for Windows, OSX and Ubuntu.

Beta user please report your feedback in PM.




Currently BitTorrent in-client features are still in development.
-Distribute BitTorrent metadata on Blockchain.
-System to reward both uploader and seeders.

Screenshot of early-beta version of client with BitTorrent build-in, currently only download function is available.

Follow us on Twitter: @vTorrentCrypto    
3  Bitcoin / Bitcoin Discussion / How Many Bitcoin Full Nodes Are Operated By Businesses? on: December 14, 2016, 11:15:46 AM
Of the 5,300 full nodes listed on Bitnodes or Coindance, just how many of them are run by Bitcoin focused businesses and Bitcoin developers?

In other words, how many ordinary individuals or ordinary businesses who are not focused on Bitcoin development run nodes - the ordinary folk on the street?

For example,

* BTCC has around 100-120 Bitcoin nodes
* There are well over 100 Bitcoin developers, so another 100 full nodes
* There are firms like Tradeblock, Chainalysis and Ellipitic who between them need lots of nodes to do analysis, so probably another 200 between them (if not much more)

So in just this small sample we have something approaching 10%.

Why does this matter? Well, it goes towards the centralization argument. All these firms and arguably most of the individuals can be censored and controlled by targeted governmental actions. So we need to know and not just sweep this issue under the rug.
4  Alternate cryptocurrencies / Speculation (Altcoins) / >>> PUMP WATCH <<< on: October 17, 2016, 02:39:50 PM
Pump Groups operate in the shadows.

Let's bring pumps out in to the open so those that want to join, know what they are getting into and we can level the playing field.

Don't be that noob that gets burned.

Some rules:

* Post pump details, include evidence of pump groups or some form of marketing / promotion

* Try to focus on pumps happening within the week you are posting. Evidence of past pumps is interesting, but we're looking for 'in the moment' pumps

* Try to include some evidence for organised pumps. % spike, random and unusual price support, evidence of accumulation

* Don't randomly promote, you'll get your post deleted

Market Makers

These guys don't try and use others people's money to create pumps.  They use their own money, perhaps also as part of a private club, to push the price of a coin.

* Otoh




Week ending 30 Oct 2016

* Waves
5  Alternate cryptocurrencies / Speculation (Altcoins) / Pump Watch on: October 15, 2016, 12:33:14 PM
Pump Groups operate in the shadows.

Let's bring pumps out in to the open so those that want to join, know what they are getting into and we can level the playing field.

Some rules:

* Post pump details, include evidence of pump groups or some form of marketing / promotion

* Try to focus on pumps happening within the week you are posting. Evidence of past pumps is interesting, but we're looking for 'in the moment' pumps

* Try to include some evidence for organised pumps. % spike, random and unusual price support, evidence of accumulation

* Don't randomly promote, you'll get your post deleted

Week ending 16 Oct 2016

* Horizon, HZ
6  Alternate cryptocurrencies / Service Discussion (Altcoins) / Litecoin Being Added to Coinbase? on: October 09, 2016, 11:20:50 PM
Came across this on r/litecoin

Has Coinbase started to open up? First Ethereum and now Litecoin?
7  Bitcoin / Bitcoin Discussion / You accidentally find Satoshi.....What would you do? on: October 03, 2016, 07:16:37 PM
Satoshi is a real person. He is probably in his early forties. The problem with being an innovative thinker and filthy rich is that you get bored unless you're keeping yourself busy.

So, he is likely to be working somewhere in the technology world.

What if you accidentally figure out the guy you've been working with (sitting next to, is a customer, is a consultant, is your client, etc) is actually Satoshi.

What would you do?
8  Bitcoin / Bitcoin Discussion / How Many Full Nodes Does Bitcoin Need? on: October 03, 2016, 11:06:07 AM
While conducting a casual survey into how many people use Bitcoin, the question of how many nodes do we need arose.

Here is how many reachable nodes are on the network supporting these users, along with the original version release dates:

The key question is is a little complicated: how many full nodes do we need for the current users, how many do we need for double the current users; how many do we need for 100m users; and how many do we need for double that again?

Rather than ask those questions first, I thought it would be interesting to get a common base for how many nodes do we need for the current user base of between 2m to 10m going into a growth period which might see numbers go up to 30m?

Thanks to Lauda for reminding me about this post from Gavin:

Lets ignore pruning; segwit, etc. Those are fantastic technological advances, that I would call tricks of the trade to make everyday users lives easier. The backbone of the network is always going to be full nodes.

9  Bitcoin / Development & Technical Discussion / OP_REMOVE? on: September 29, 2016, 03:43:35 PM
Say Bob wants to generate an OP_RETURN with some information that will give his customer, Alice, a confirmation for purchase proof.

But neither Bob or Alice care about that confirmation still being held in the blockchain after x period. Let's say x period = 6 years for statute of limitations purposes, but it could equally be redundant data after 90 days, or an equivalent block time.

There could be many reasons for wanting an OP_RETURN message proof from being removed.

Executing an OP_RETURN should also be supplemented with another option for OP_RETURNREMOVE

This would give the person signing the OP_RETURNREMOVE with the option to set a removal date when the blockchain can effectively delete the data and maintain a record of its creation with a smaller size alternative or a group of OP_RETURNREMOVE signed with the same private key hashed into a single string and moved to the merkle root when they have common removal periods set at the outset (lets say its a retailer that does thousands of transactions each month).

So, this is not to replace OP_RETURN, but give an alternative with an expiry period on the full data. At the very least it could be an ignore function so some nodes just never download these messages when the expiry date is effective.


What the network needs, if it is to last 100+ years of data growth, is a rescan to remove these temporary pieces of information.

Whilst dangerous and not very practical to do, a rescan voted upon by 95% of miners, or some other consensus rule, could see temporary additional data removed.

For example, anyone using OP_RERTURNREMOVE, could be given fee incentives or penalties. Store your data for <90 days, then its almost free; 90-365 days the fee is x; and so on.

While some might use the chain for spam, if it's got a temporary life and people pay a fee for temporary storage, why not have this option?

Ok, let's face it. It's got some problems. But you get the gist.
10  Bitcoin / Bitcoin Discussion / How Many Millions of People Use Bitcoin? on: September 27, 2016, 12:11:26 PM

* India Counts over 1 Million Bitcoin Users

* counts nearly 10m wallet users (some of those 1 million Indian users might have wallets on; and some others might have multiple wallets on there)

* Some research says there are less than 5m active users and it won't go over that number until 2020

So, how many people do you think are currently using Bitcoin?


Not looking good:

Please try to use links to any *good* sources of user stats; pretty please, with sugar on top.  "My mom thinks it's less than 20" type of bollocks will get you deleted off the face of this earth.

11  Alternate cryptocurrencies / Altcoin Discussion / Decentralized 2FA Wallet Services on: September 19, 2016, 05:12:30 PM
New decentralized 2FA services for wallets are now a reality.  

One project has deployed 2FA and I think every project should implement this new feature.

New features:
-multiple windows for trading on bittrex
-2FA via Google Authenticator
-Key management
-HD addresses
-Block explorer

Let's face it, this stuff is important and the developers need to keep the software updated so that everyone benefits. It might need a bounty to encourage the developers to keep improving the service on an open source basis so everyone else benefits.
12  Bitcoin / Bitcoin Discussion / FACT CHECK: Bitcoin Blockchain will be 700GB in 4 Years on: September 09, 2016, 09:52:08 PM
My guess is that the Bitcoin Blockchain is growing at around 4% per month.

Is that assessment about right?

And what about the bandwidth each node will require each month if it's sharing data - 100 TB / month; 1,000TB / month?

What does this mean for the next halving?  All miners will be running SPV's?
13  Bitcoin / Bitcoin Discussion / Satoshi's Second Bitcoin Whitepaper on: May 06, 2016, 08:09:38 AM
It was easily missed given the media focus on one person, but Satoshi wrote a second whitepaper to debunk stuff:

Appeal to authority: A failure of trust

Looks to be in response to:

It was discussed, on r/btc

Looks like, Dr CSW's r/ account was pushing it around:
14  Bitcoin / Bitcoin Discussion / The Satoshi's Unmasking is Aimed at Blockstream's Adam Back on: May 02, 2016, 11:05:17 PM
Strange that Craig Wright's website has a number of blog posts that have the same date and clearly took weeks to compose:

The website also say's its mission statement is to pursue Bitcoin / cryptocurrency projects.

So, this guy is trying to dismiss Blockstream's Adam Back as having any input into the creation of Bitcoin, and instead setting himself up as the leader of a Bitcoin organisation.

What next, seeking an $80m investment into his 'organisation'?

Very cleverly, Craig has flatly refused to accept any prizes that come with a monetary prize.

Very clever, why?  If it is later found out that he is not Satoshi, having taken monetary prizes under false pretenses would likely lead to criminal charges.

Not that I'm saying he isn't Satoshi.  It just smells very fishy.

15  Bitcoin / Bitcoin Discussion / Satoshi Nakamoto aka Craig Wright Can't Spell Signature. Craig's Career is #REKT on: May 02, 2016, 06:17:04 PM
I find it hard to believe that someone as careful and grammatically accurate as Satoshi Nakamoto can't spell 'signature' especially when trying to prove who he is in real life  Undecided

Using 'Signiture' is sloppy at best if you are an average Joe, but when your creation is based around cryptographic proofs and signatures, the correct spelling of something so fundamental becomes second nature.

Tell me, what am I missing?
16  Bitcoin / Bitcoin Discussion / Satoshi's Birthday is 5th April on: April 05, 2016, 04:50:56 PM
Satoshi used 5th April 1975 as his birthday.

This is based on the UK financial year running from 6th April to 5th April.

Another clue from the creator that he is from the UK  Grin

Other clues include a copy of the The Times, UK edition, referenced in the Genesis Block

Did this ever sell?

I have the same one in perfect condition with a Certificate of Authenticity.

Any interested?

And use of the English version of the word 'colour' and not the American spelling of 'color' in his posts.
17  Alternate cryptocurrencies / Altcoin Discussion / Spreadcoin: Blockchain Services, Big Bitcoin Data, Decentralized Coinbase on: March 19, 2016, 01:21:31 AM
The concept of Services running on ServiceNodes or Masternodes was pushed by me and others back in early 2014 when MasterNodes were first introduced in Dash as a means to provide anon transactions.


> Mining - SPR has one of the most decentralized mining algos with a unique approach that encourages solo mining - white paper here

> Blockchain data mining - SPR has written a detailed Whitepaper about generating revenues for Bitcoin nodes by harnessing Bitcoin and other blockchains data. Data intelligence tools can be used by third parties to generate data dashboards via SPRs proposed blockchain data market - details here

ServiceNodes will be paid to operate services and as services generate revenues, these will be distributed around the network. This overview of payments gives an indication of how much serviceNode operators can expect to earn, details here and monthly estimations here

The services that the SPR community is looking to develop are:


* Decentralised explorer for any coin - more details here & here

* Big Bitcoin Data - more details here


* Automated Escrow (CLTV and the new zero knowledge verification)

* Decentralised Exchange - more details here

* Instant Bitcoin Transactions (if we can figure out the decentralized exchange and instant locking via ServiceNodes) - details here


* Decentralised search engine - some info here

* Decentralised Coinbase type accounts - subject to regulatory compliance, more details here

The SPR community is also one of the key teams behind the Blockchain series of events that are aimed at raising funds as incentives for Bitcoin full nodes
18  Alternate cryptocurrencies / Altcoin Discussion / Name change: Spreadcoin to Openstream on: March 15, 2016, 10:16:51 AM
Openstream because ServiceNodes will be providing several open source services people will be able to stream via professionally managed nodes.

The new name sounds more appealing and less like another me-to-coin.

Now is a good time for a name change, before the project takes off and changing the name becomes a headache to manage.

If the vote is yes to change the name, we will have a second vote on the ticker, either Open or SPR.

Main Spreadcoin thread

Main Openstream thread

(See, sounds better already)
19  Alternate cryptocurrencies / Altcoin Discussion / Spreadcoin on MS Azure: Community Free Vote on: March 08, 2016, 08:29:55 PM

Back in January, someone (we don't know him/her) posted a comment on an Azure blog post that Microsoft Azure should allow Spreadcoin onto the Azure BaaS platform:

Marley Gray, Director @Azure, said it would be great to have Spreadcoin on the platform.

Read more about the Azure Blockchain as a Service, here:

The dev team discussed this at the time and we pushed the decision out until progress was made on ServiceNodes.

There was some disagreement about the amount of time involved in making the application to join the platform and if it was warranted. Discussions about overt corporate relationships was also an issue.

We have reviewed the situation again and as ServiceNode testnet gets closer, we are asking the community if some dev time should be allocated to making an application to join the Azure Cloud.  The application will be made after ServiceNodes are on testnet; plus it might not be successful and that is the main risk that we see at the moment.

The lead dev, Georgem, wants to know what the community thinks and he want to listen to the pros and cons. He is open to the idea of working towards joining the Azure program if the overall feedback warrants a closer look and it doesn't end up compromising the project or the principle of decentralization.

Personally, I consider the Azure platform could be a great partner for Spreadcoin and it's stated goals of running many different services, in particular full Bitcoin nodes.  A package testnet build could be created so spinning up ServiceNodes could be a fast and easy way to launch a spreadcoin node and a Bitcoin full node.

Azure competes with many other cloud environments, such as AWS so this would not be an exclusive cloud relationship. ServiceNode operators have the ultimate choice of where to host their nodes, locally or on a cloud platform. The main criteria will be that each ServiceNode will need its own IP address.

So, vote and have your say. All pros and cons welcome.  To avoid competitors and trolls hijacking the vote, no votes in particular need to have a post saying why not.  The votes will be weighted accordingly.

Main Spreadcoin thread:


As part of my day job, Azure are considering using a software product I support and they might end up using an app I built as they seek to grow their Cloud offering.

20  Other / Meta / Allowing ISIS Flags on accounts kinda fucking sucks on: March 04, 2016, 03:07:52 AM

I can no longer be part of spreadcoin
rests on  "Abou Talha", i cannot for moral reasons be associated with a project where someone is for cruelty toward people of other
religions, against women, and stoneage punishments towards other people.

Normally i dont care about other people´s religion, but he is just too much, his tagline, and support of a flag, that now stands for
something that im totally against

im sad to say, but i am out, even though i believe in the vision of spreadcoin....

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