Just another way Google does evil.

I'm an not a robot.. why must I work for Google! 😬

tdlr; stay logged in because logging back in is a pina.

[https://bnktothefuture.com/pitches/maidsafe-net]

Maidsafe have an equity offer on bnktothefuture that is on point but seemingly under advertised
https://bnktothefuture.com/pitches/maidsafe-net (Bitcoin accepted here)

For the basics see: https://maidsafe.net/ - SAFE is at Alpha atm and doing well https://safenetforum.org/t/safe-network-alpha-release/10687/

Having undersold it, there's now incentives introduced but no thread here I could see!
bnktothefuture: MaidSafe.net - Building a new, secure and decentralised Internet.

From:
!BIG UPDATE! 17 days left | 13% | MaidSafe’s BnkToTheFuture equity fundraising now live!

Video: Maidsafe update with Simon Dixon, Nick and David

For everyone that can't access the bnktothefuture forum:

We believe that BnkToTheFuture qualifying investors want to invest in the MaidSafe pitch, but the lack of incentive for investing early has probably caused many to hold back. To address this issue, and to give everyone an extra thank you for the support, we are going to be offering everyone who invests in our pitch two bonuses, one from us and one from BnkToTheFuture.

MAIDSAFE BONUS

Those of you who follow MaidSafe will know that MaidSafeCoin currently exists and is currently traded on a number of exchanges. MaidSafeCoin is a proxy token for Safecoin and will be traded on a 1:1 basis when Safecoin goes live on the SAFE Network.

Safecoin is the currency that can only be used within SAFE, and the distribution of Safecoin is handled entirely by the network on a per use basis.

The Safecoins that we will be offering to early investors will be amongst the first to be farmed on the network by MaidSafe. This is a great way to be involved in the SAFE Network story while also receiving a little slice of history.

The Safecoin will be delivered both digitally, as per a normal transfer, but also on a uniquely branded memory stick as a memento and thank you, providing investors verifiable proof of being an early adopter and supporter of MaidSafe and the SAFE Network.

These Safecoin will be allocated with the ID of the individual claiming the reward and delivery of these coins will be made as soon as Safecoin has been integrated into the network. This offer will be backdated to investors that have already taken part in our BnkToTheFuture funding round.

For the duration of the fundraising campaign, the amount of Safecoin you receive will relate to the amount that you invest. The incentive is offered on a decreasing sliding scale so if you are looking to maximise the offer we suggest you get in early.

Sep 12 - Sep 26th - 1 safecoin for every £2 invested
Sep 27th - 30th Sep - 1 safecoin for every £5 invested
2nd Oct - 5th Oct - 1 safecoin for every £8 invested
7th Oct - 9th Oct - 1 safecoin for every £11 invested



BNKTOTHEFUTURE BONUS

All investors in this pitch will also receive bonus Bitcoin mining hash power that will pay them Bitcoin dividends everyday BUT only for as long as the mining process is profitable and or until it expires.

The earlier you invest the more hash power you will receive and the more Bitcoin you will receive as a “thank you” for investing in MaidSafe.

How much Bitcoin mining hash power will I receive as a bonus?

Mining power will pay you Bitcoins every day for as long as the Bitcoin mining process is profitable and is available with zero technical knowledge or input from you.

How many Bitcoins you receive each day depends on the everyday price of Bitcoin, the difficulty rate of mining Bitcoin, the daily maintenance fee and the amount of hash power you receive. We take care of all the technical stuff, you just receive the coins to your BF account each day with an email to let you know how many you are receiving.

The price and difficulty rate of mining Bitcoin is 100% market driven and we have no control over it. The maintenance fee is automatically taken from the coins generated each day and is fixed at the same rate for all. How much Hash power you receive depends on the amount invested and how early you invest as outlined below.

You will receive:

100 GH/s of Bitcoin mining Hash power for every £1,000 invested in this pitch round ONLY and PRIOR to September 26th 2016.
75 GH/s for every £1,000 invested before 12 Midnight GMT on 30th September 2016.
50 GH/s for every £1,000 invested before 12 Midnight GMT on 5th October 2016.
25 GH/s for every £1,000 invested before 12 Midnight GMT on 9th October 2016.

How do we define profitability?

$0.00026 per GH/s per day will be deducted on a daily basis from the generated coins as a maintenance fee. Dividends stop if the coins mined and converted into USD does not exceed the daily maintenance fee for 20 consecutive days.

How will I receive my Bitcoin?

You will receive Bitcoins everyday paid to your BnkToTheFuture account or to an external wallet when you update your dividend settings on your account page once dividends are enabled.

You are also able to receive them in an alternative crypto currency like Ether or DASH which can be enabled in the dividends and wallet section of your account once we have enabled dividends.

We aim to start paying them 14 days after this pitch round expires and closes.

BnkToTheFuture shall reserve the right to refuse/deny, cancel or delete any fraudulent and illegal or Hash power bonus claims that was created under false credential, including inappropriate/trouble investor individuals and if in breach of our investor member eligibility terms and conditions. BF Investor member accounts created under fraud, illegal or false credentials shall be denied/refused Hash power bonus claims, or for any other reasons as per our terms and conditions BF shall reserve the right to claim refunds for Hash power dividends paid out from all cancelled BF individual investor member.

These bonuses and many other things were discussed in an Google Hangout with Simon, David and Nick. Enjoy!

For those unfamiliar with Maidsafe they have ambitions far beyond just storage

There are seven layers to the internet and we are replacing three of them.

http://www.ibtimes.co.uk/maidsafe-rebuilding-secure-decentralised-internet-bnktothefuture-equity-fundraising-1579724
http://www.computerweekly.com/news/450304075/MaidSafe-secure-internet-concept-enters-testing-phase

These guys are extraordinary at the tech. How this has been undersold is a wonder

SAFE Network Alpha Release!

TechCruch: After a decade of R&D, MaidSafe’s decentralized network opens for alpha testing
> Not many startups have spent a decade fine-tuning their tech platform prior to launch. But not many startups are trying to radically rethink the structure of the Internet.
...
> The aim for the alpha is to see how the network operates, garner feedback and grow its community of developers — to fuel the necessary app ecosystem to drive adoption of the real-deal down the line (an API is slated as launching this week).
> MaidSafe’s ambition for the Safe network, as it will be called (aka ‘Secure Access For Everyone’), is for it to be useable by as wide a user-base as possible

See also MaidSafeCoin (MAID)
https://coinmarketcap.com/assets/maidsafecoin/#markets

See also http://maidsafe.net/ and https://maidsafe.readme.io/

 

I wonder that we are already moving beyond simple notions of digital currency, sufficiently that it would be worth considering whether the structure of the forum here could be better. I'm aware of BTT's thought relative to simple altcoins but what is available is already more complex. If BTT wants to be useful it needs to reflect what blockchain technology is becoming.


I would suggest there are these classes of blockchain technology and as such there is a good opportunity to rationalise the forum to reflect these:

Class 1: Money
BTC certainly; and others whose ambition is principally to be the most simple digital altcoins. So, by all means keep a simple alt forum for LTC; DGC and others.

Class 2: Money transport
Ripple XRP - are there others? I'd be happy Ripple was separate.

Class 3: Tokens with value pegged to match other assets
BitShares bitUSD, bitCNY; bitGOLD etc; CounterParty assets; ?Peershares and whatever others are trying the same.

Class 4: Tokens that are explicitly linked to real world assets
Mastercoin [property tokens]; CounterParty-Overstock-market; BitShares DACs and perhaps Ethereum - distributed businesses et al exotic capabilities that are not Class 5.

Class 5: Zero value applications, such as private key signing.
Interesting proof of person applications and other zero value applications I haven't imagined.


Organising by type of capability might allow discussions to be more focused on what those capabilities are offering rather than shouting amongst a crowd of others. I expect it might help the main forum pair back down to be more directly Bitcoin focused too?


0.00000002

I wonder there would be more depth to [Bitcoin Discussion] threads, if the brand new users were held to a [Welcome to Bitcoin] subforum aka noobs-r-us  .
Perhaps locking new users to posting only in that forum for their first few posts would help have them read threads before repeating them?

Found a couple of my RPi dates badly off and the alt-coin daemons don't like it and then don't work properly.

It seems the simple setting of the international time zone in raspi-config, only suggests what to look for from time servers but I guess those servers are still getting ddos.

If date is wrong then, set with the format
date -s "3 Nov 2013 10:18:00"

I don't know, if restarting the daemons is required but perhaps safe in case they've stopped themselves because of this.

With the capability that Bitcoin2.0 protocols are looking to offer now, I am wondering now exactly where the limits of a mature Bitcoin might be. Etheream, of course, is looking at Turing complete trading and that alongside other protocol efforts, suggests an extraordinary leap forward from traditional services that we've all familiar with.. but what lies beyond even those?

Could it be possible that beyond simple exchange of currencies and trade, that we might one day see open source democracy?

I've wondered for a long time that a good bug management system for politics, could help resolve problems in better ways that we struggle with now; and that such a system could help better engage the People and hold our representatives accountable in an efficient manner.

A lot of the problems in current politics, do seem to stem from the growth of Big Politics - all thud and blunder, being not local; fluid; or dynamic as a good liberal democracies perhaps should be. It seems then that the small voice doesn't get fair representation, relative to big power and wealth who look out only after their own priorities - with all the corrupt and institutionalised errors those generate.

Has anyone here seen anything of open source democracy attempted before? What are the chances that automated protocols could help with this??

We live in interesting times.. 

MtGox obviously taking flax for its abliity to communicate information and its price looks substaintially down from other exchanges. However, I wonder that http://bitcoinity.org/markets/ suggests that the Ask/ForSale side of the valley, is still suggesting 19.42k BTC avaliable before price hits $1500. Is the price down because everyone in MtGox is moving back to fiat in the hope they can withdraw that better than BTC?

If sellers are not withdrawing, is MtGox not still likely to survive as a big player?

Also, if peer to peer exchanges come alive, will there be any future for ye olde exchanges or will the cliff between fiat and crypto always require those?

If a transaction is signed by two different private keys related to the same public address, is the signature different?
I'm expecting perhaps not, since I'm wondering that it must be the public key that contributes to the confirmation that a signature was actioned by an 'pwner' of that public address.

If there's a simple description of how a public address is used to confirm a signature that was actioned by a private key, that would be interesting to see. I don't understand yet how the private key actions a signature but the public key cannot.

What is the Activity figure for each user that appears on the left of each post?
I've not paid any attention to it before but notice it's not the post count I'd taken it to be and it doesn't appear to change.

Can someone suggest, perhaps ELI5, how it isn't possible for a miner to see a transaction payment to themselves; duplicate it many times; and put those into a block that they confirm? That would be trying to suck the donating account dry, down to the modulus. How is each transaction unique, that miners cannot exploit them in the block they are creating? Obviously, trying that would still be a matter of luck in order they are the miner confirming the next block but still not clear to me, how it's not possible. I'm expecting that transactions can't be duplicated from one block to another because of some ?Merkle root signature of the existing tree or similar but how is in-block duplication prevented?

I have a list of prices of MtGox $vwap from 17/7/2010 through 30/3/2013 but can't recall where that's from.

Is the history of exchange prices available somewhere?
With MtGox price off normal, having this data for other exchanges would be interesting too.

So we seem to have had a month of relatively stable price in BTC, obviously BTC value is growing slowly and in line with the long term trend and perhaps there is a compound and exponential ahead of us but what changed from the previous six weeks instability? Obviously, a few dash for cash investors got burned but that's not repeated in the way that it could have done.

Are there now fewer miners, more deliberate with setting a price they know will sell or some great attractor to stability? Do miners or buyers have more control over the market now or does no-one really know wtf is going on? I noticed a lot of fractional buying a selling on MtGox when they were talking of DDos; would those fractions be just miners selling and there is less of that now the difficulty has risen?

So, I just reset my OS and was reinstalling Bitcoin, deamon and -qt

Drawing source from https://github.com/bitcoin/bitcoin.git as usual, it all went well but I'm rather surprised that the -qt declares the version as pre-release test, as I'd expected that bitcoin.git to be a good flavour.

In orange the is the message : "This is a pre-release test build - use at your own risk - do not use for mining or merchant applications". This is apparently v0.8.2rc1-beta. I built the -qt through QT Creator this time having not been able to recall the method to make qmake work.. but would expect the same form to follow from qmake.

Is this then not a stable version on https://github.com/bitcoin/bitcoin.git? Shouldn't that only ever be a stable version from there??

 

If not https://github.com/bitcoin/bitcoin.git, then where should I get the good flavour from?

If we know the number of coins being produced and we know the volume of sales, might we also have an indication of whether the price is in balance?

If there are fewer coins being produced that are being bought currently, then perhaps we might expect a rise as the market tries to find balance; even before we see more customers?
If there are more coins being produced than are being sold; regardless of whether they are in the market or being held by miners, then perhaps that suggests the price might fall; or more correctly that the market needs to see more customers, in order to find balance?

Would it be simple to gather that data or is that already too difficult with so many new exchanges??

So, a reality check. Why you might want to think and spend more effort promoting BTC and real world use.

All these new coins recently have only helped make me think more closely about what each was offering. I've been following the Alt-TC for a long while and yet today, I'm rethinking and consolidating the small wins I've made; which I have say is really refreshing.


Firstly the bleeding obvious for those who need it: Steps to lazy profit - Pump and dump
1. Find something of value (Bitcoin)
2. Copy it; adding little or no value.
3. Point at it - and shout "see how much profit we're going to make!!!!!!!". Create the excitement.
4. Wait for noobs and opportunists to jump before thinking.. hell it's fun; why wouldn't people get caught up in it. This new thing, is the same as the successful thing!!
5. Profit and repeat


Most new coins are offering nothing - you might as well be holding Linden dollars, for all the prospect of spending them in the real world.

BTC works - it really does work well. So, why would a real world merchant need to use another coin? Please, tell me why.
None of the alt's beats a green address in a fast and reliable way.

In the event that Proof of Stake becomes useful, then PPC will be affected by that and it's unlikely that a mix coin will win if Proof of Work is stung. PPC then is the only real other option at the moment.

Namecoin is a fun application but if you have no use for it, then why are you buying it?
Devcoin, nice idea but is it working?.. Frankly I don't see it, though I'd really like to see it happen.


Beyond BTC and PPC then is really wild guessing with your eyes closed - if you've got money to burn then fine but it's all just pump and dump until one of them resolves.

So, some coins use scrypt.. so what, that's just a different crypto and the effect on mining isn't going to make or break the coin. TRC starved of oxygen for a while but if that happened to BTC, you wouldn't be looking to similar coins, you'd be looking for something different. Perhaps LTC would lend some support for a while but if BTC failed then LTC would surely follow; if BTC becomes everything we hope, then what use LTC? The developers of new coins benefit enormously for the experience and the profit but we need to see Alt-TC coins for what they are. Unless the Alt-TC coins become known in the real world as linked to something concrete they will never be secure store of value.. perhaps one will become a gaming currency but right now.. I'm sticking with BTC and PPC.

Tell me I've got it wrong and maybe tomorrow I'll rethink

How many of each flavour of coin are currently being produced each day?
=How many need to be bought for the price to be stable?

Are some coin fluxing with miners dipping in and out?

What does 'Difficulty' really suggest? I've yet to find a simple suggestion of numbers of coins expected over time, other than for BTC which I think is graphed on some wiki. Do we know the halving days of each coin??

https://github.com/Cubox-/BBQCoin showing 404.. BBQ was off to a good start it seemed but where is it at now!?

http://www.bbqcoin.com/download2 still shows a Windows .exe but who wants that!

I just wondered that if there was a coin that was VAT-Coin, a government might rather like that.
That is a coin for commercial transactions that takes VAT tax off each transaction.. 20% for the UK, for example.

Just a thought..

That perhaps would require .gov are sole miners and I don't know, if there's a way to restrict who is a miner.



(# Posting here in BTC-dev rather than Alt-TC because 'Note that discussion of how these currencies *relate to* Bitcoin may fit in other categories.')

Are we confident yet that BTC can scale to handle large volumes of transactions?
Can each block and each miner accept enough transactions that the market doesn't stall?

I'm seeing really slow transactions.. 20mins for the 1st and 30mins for the 2nd then upto an hour for the 6th. It's still magic but cf real world I wonder how practical that is.
Perhaps I'm wrong to have set transaction fee as 0.005BTC but then the promise is "Low or zero processing fees" and miners are making their money already.

Should all transactions be 0.01BTC and if that's the case now are we heading for WU rates in the future!.. or will miners be able to accept more transactions into each block and the fees perhaps will stay low.


On that thought, can any of the Alt-TC maintain an advantage by having faster confirmations.. or will they face the same issues later?