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21  Other / Archival / Re: [ANN][PoW] 🚀BBSCoin: a cryptocurrency built for exchanging virtual credits 🚀 on: May 23, 2018, 09:15:14 AM
Very nice project, I have supported through mining.

However there is a little grammatical error on the landing page of the website https://bbscoin.xyz/ I just want to point out

"We Create Safe Cryptocurrency
Drive Your Site Successful"

should be

"We Create Safe Cryptocurrency
Drive Your Site Successfully"

Would look more professional if you correct this IMHO
 Smiley
22  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RTO] Arto - The Digital Cash - PoW - No Premine - No ICO - Fair Launch on: May 16, 2018, 11:54:40 AM
Deposit is not showing up at Tradeogre.

Was initiated 3 hours ago, 140 confirmations (confirmed on explorer.arto.cash) but nothing showing up in Tradeogre at all.

And yes, I have double-checked I used the right address and correct payment ID
23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 16, 2018, 09:28:24 AM

You know decent projects have GUI wallets right away. Most developers are able to make them in a couple days. I never understood why Dero wanted to wait until Q2. Six months after starting the project. Maybe they are making a wallet that will blow our minds, maybe they wanted to wait until Atlantis, but who knows. Six months is a long time.

Have you tried the command line wallet for Dero?  It is a big improvement on the regular CN CLI wallets.  Significantly more user-friendly, with a menu system, and useful functions (such as transferring entire wallet balance with automatic fee calculation instead of endless fiddling with the amount).

My one grip so far is that when showing transaction history, it would be nice to see date/time as well as block height.
24  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 15, 2018, 11:34:34 AM

much complaining & nagging and nobody took notice how well dero withstand 300mh on its network?


It's been topping 500 at times.
25  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Campaign] Dero: CryptoNote Privacy with Smart Contracts on: May 11, 2018, 02:04:53 AM
Can fractional reserve lending be implemented on the blockchain?  I am not sure, but it seems like something worth thinking about.  If it can, does Dero offer any advantages over other blockchains?  Yes, because of the privacy aspect and because of the sophistication of the planned smart contracting.

Fractional reserve lending means that a wallet holder could loan another wallet holder more than they hold in "reserve" against the loan.  If Alice agrees to lend Bob 10 Dero and the protocol requires 1/10 of this to be held in reserve (the amount normally required in private lending in our regular economy), this means (a) Alice must have at least 1 Dero in her wallet, which will be "locked" and unavailable to spend while the loan is outstanding, and (b) a pair of smart contracts are created, one which says that Alice owes Bob 10 Dero (this is the "money" of the loan) and another which says that Bob owes Alice 10 Dero with interest (this is the repayment contract).  The contract that says Alice owes Bob money can then be implemented by the blockchain as a "credit" to Bob's wallet, and would be spendable, i.e. it could be circulated amongst further wallets.  This mirrors fractional reserve banking in the normal economy, whereby banks lend to customers by creating two IOUs, one of which circulates as money, the other which is the repayment contract.  Thus money is created "out of thin air" and is then destroyed again when the loan is repaid (as the two contracts cancel each other out and are then simply annulled).

The roadmap currently does not allow for "credit money" (M1) to appear to the wallet user as if it were just like regular Dero to be spent; this would require some special update to the blockchain, which would mean fractional reserve lending would have to be adopted as one of the features of Dero rather than just an application of it.  But it does allow for the smart contracts required for implementing the loan and an app which would have the credit money appear alongside the regular Dero and spendable to other wallets, but there is no guarantee other wallet holders would accept this in lieu of real Dero for payments.  This is an advantage of the fiat banking system; users cannot tell from a bank balance whether the money is cash or is credit created from issuing loans.  The two kinds of money circulate freely in the economy as if they were equivalent and I think for fractional reserve lending to succeed this must be the case.  You don't want people doubting whether one kind of money is as good as another, even if the system guarantees that there is no problem with it.  (In effect this is what happens in a "bank run"; people start doubting the credit money and want to convert all their money to M0 which is not possible because it is only part of the money supply.)

Fractional reserve lending is possible in principle on any blockchain; what Dero brings to the table is the privacy aspect, which is crucial.  When holding credit money, it is no good if you can see the source of the money (i.e. what loans it originated from) or if in general people's debt obligations were publicly viewable.

For fractional reserve lending to be implemented, there would have to be other elements in place, the most obvious being a system to deal with loans that go into default.  When Alice lends to Bob, it is on her assessment of whether the risk of not being repaid is justified by the reward of the interest rate she sets and which Bob agrees to.  This puts the risk assessment of lending in the hands of wallet holders (and probably lending pools as these would spring up), which may or may not be a good thing (perhaps requiring only 1/10 of the loan is too little for blockchain lending; perhaps 1/3 or 1/5 is more suitable).  But if the loan is not repaid, she only risks losing the fraction held in reserve in her wallet, not the whole amount loaned (just as in the case of our beloved banks).  This means when loans go into default, there is a permanent increase in the (M1) money supply.  The M0 money supply would have to be more flexible than is currently implemented for this to be offset (for example by changing the emission rate or converting M1 tokens officially in default into M0 tokens when new ones are being mined).

I am not sure if FRB can be implemented, but if it can, Dero is probably in a very good position to do it, and I think it is a possibility that is fun to think about in terms of what would be required.

Whether it can be done and how seems to be controversial, e.g. see this discussion

https://bitcointalk.org/index.php?topic=51899.0

It has also been discussed on medium.com, though the issue of how to deal with bad loans is not discussed (surely a critical detail)

https://medium.com/@tonywillenberg/fractional-reserve-banking-the-bitcoin-crypto-economy-b2a9f2e28073

26  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Campaign] Dero: CryptoNote Privacy with Smart Contracts on: May 11, 2018, 01:21:51 AM
Here's some stuff to get your creative minds working  Smiley

* DERO is the first blockchain to have complete SSL in the P2P layer. This greatly increases privacy and security.
* DERO will be the first CryptoNote blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains.
* Dero is currently backwards compatible with the old CryptoNote protocol (Helium Hydra)
* Dero is a new blockchain technology based on CryptoNote
* Dero combines Cryptonote privacy and smart contracts
* Dero just completed its Q1 roadmap 3 weeks ahead of time
* Dero is now starting smart contract development
* Golang daemon utilizes less resources and syncs faster than original CryptoNote daemon
* Dero Virtual Machines (in development) is a Turing complete, 256-bit virtual machine built for Dero
* Dero Virtual Machines will support the Golang language
* GUI wallets are being added in Q2
* Dero is developing atomic swaps for its new blockchain technology based on CryptoNote
* Dero is now listed on SouthXchange
* Assets may be privately managed on Dero's blockchain
* Dero is developing hardware wallets with biometric protection
* Dero will be performing regular audits and updates of the core cryptography to negate the benefits of quantum computations.
* DERO will be the first CryptoNote blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains.

Authentication/certification is missing from this list; is it still on the roadmap?  Is a critical feature, since (as you pointed out) is required for regulatory compliance and many important applications.
27  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 08, 2018, 08:33:49 AM
Dero VS the leading smart contract platform in 1 very brief tweet!

https://twitter.com/Serena_fox_dero/status/993753261575409664

Is that the point at which Dero is ready for prime-time, then? I thought there was still much to do.

28  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 08, 2018, 08:32:28 AM
Dero VS the leading smart contract platform in 1 very brief tweet!

https://twitter.com/Serena_fox_dero/status/993753261575409664

What happened to the creative writing campaign?  Is it still around?

When I visit the page I don't see a link to where you can actually view and submit proposals.
29  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 08, 2018, 12:13:24 AM
FPGAs are coming to Cryptonight.

What then?

https://bitcointalk.org/index.php?topic=3459858.0
30  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 07, 2018, 03:30:02 PM
In the long term all 100% proof of work coins are dead.

The question is what is the team's position on this.

Why you say that, can u provide an example of what could happen?

Thanks

As MagicSmoker said, PoW coins cannot be scaled up without enormous energy usage; there must be an alternative plan that hybridises PoW somehow.

You can see an example of this with Loki, a newer fork of Monero that implements inventivised service nodes.

https://loki.network/wp-content/uploads/2018/01/LokiWhitepaperV1-2.pdf

The Dero team is reluctant to implement anything off-chain as far as I know, which rules out a system such as Loki's.  But then I am curious as to the plan as to how Dero can be scaled up with everything they said is going to be implemented on-chain.
31  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 07, 2018, 12:50:08 PM
In the long term all 100% proof of work coins are dead.

The question is what is the team's position on this.
32  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 07, 2018, 12:38:18 PM
...
I am still waiting to hear how the developers intend to solve the problem of scalability with regard to the energy use for any proof of work network.  I have asked that question a couple of times on this message board, and I have also asked it in private correspondence with the team, and have yet to hear any answer.


That's because there is no answer: the dramatic increase in network hashrate strongly suggests, if not outright proves, the theory that miners will deploy hashrate up to the limit of their available power, so "more efficient" miners like ASICs don't lower energy use, they just increase the network hashrate (and therefore the difficulty). It's a situation where nobody but the ASIC miner manufacturers win.


I see your point and I agree if you are talking about 100% proof of work coins like Dero is now.  But I think there are other possibilities you are not considering.  One, for example, is that the team implements some sort of hybridised proof of work and proof of stake in some future update (beyond Atlantis).  I am just shooting off the top of my head here because I don't have any technical expertise in this field.  But how about a system where each wallet is staked as in a PoS system but instead of a single coin, a group from different stakers is chosen at random and then they then have to mine in order to determine who among that subgroup will find the next block.  This could see a dramatic decrease in energy usage without (with the right implementation) sacrificing the cryptographic security that is inherent to PoW.  I am not actually suggesting this is a good solution; my point is that the innovation space of this field is still wide open, and there might be as-yet undiscovered technical solutions waiting to be developed.  If this is the case, it would be nice to know from the Dero team that they are exploring leads, even if they don't want to reveal what these are yet.

PS.  I'd also like to see the elimination of mining pools by incorporating 'virtual pooling' directly on the blockchain.  Seems to me like you could implement a system where solo miners mining directly from their wallet get rewards that are proportional to their hashrate with every new block.  See no reason why this can't be implemented (in combination with PoS, too).  With native SSL any miners not wallet based could be locked out, and with certification only certified wallets could be mining, eliminating the possibility that one person distributes mining across a bunch of hardware.  I'm just brainstorming here but seems to me the possibilities are wide open with the features Dero has on the roadmap.

PPS.  With only certified wallets mining and certification through tax authorities, mining profits could be automatically taxed - see what I mean about being regulatory-friendly.  Obviously we are looking far ahead here, but the Dero team IS looking far ahead.  Short block times of a couple of seconds are also nicely compatible with hybrid PoS it seems to me, too.
33  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 07, 2018, 12:29:51 PM
Network HR at 371 now - impressive  Shocked

Can't wait to see what will happen after next big update - I hope it will go Nicehash proof too as IPBC has done, so Dero can be properly returned to the community that has supported it.

This is too depressing to follow anymore, and the situation was made even worse by the announcement of the Z9 Equihash ASIC which will make it totally impractical to mine another of my favorite coins, ZenCash. I'm seriously considering either buying a Z9 and joining the dark side, or else selling off most of my GPUs and quit chasing these Quixotic projects that say they stand for one thing only to get Rick-Rolled by an ASIC a few weeks/months later.


I'm satisfied with the team's answer for now: wait until Dero Atlantis because that will solve this problem as well as introducing other new and valuable features.  I think it is quite feasible that this whole ASIC nonsense is a temporary blip that no-one will care about 6 months down the line.  My guess is that the team is working on a way to future-proof the network against future ASIC control by enabling protocol changes through updates that defeat hardware ASICS (and nicehash) but without having to go so far as to implement hardforks.  Perhaps it is an impossible dream but that is what I am waiting for.
34  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 07, 2018, 12:14:20 PM
Hi CapDero and Serena, I have a question regarding the virtual machine of DERO that will allowed to run smart contracts. Whit this virtual machine is possible to create tokens?
Thanks for your answer

Given the recent regulatory uncertainties around ICOs, Dero is going to make sure we do thorough research on the subject before we give a firm answer. They're not a bad idea, we just really need to make sure we choose the correct path, and for now, all paths are less clear until we have some regulatory certainty.

I find this to be an interesting answer.  It means the Dero developers want to be regulatory compliant/friendly (like Cardano) despite being a privacy blockchain.  It puts Dero in quite a unique position, quite unlike any other coin, I think.  This and other responses from them (and the feature wishlist of Dero, especially the combination of privacy and transparency via certification/identity verification) reveal the Dero team to be extremely ambitious - they really are designing a coin for the big time, ready to challenge the likes of bitcoin and ethereum.  (Probably 'coin' is the wrong term; we should really be calling it an asset or cryptoasset.)

I am still waiting to hear how the developers intend to solve the problem of scalability with regard to the energy use for any proof of work network.  I know it is on the featurelist, but no information has been released as to how it will be achieved.   I have asked that question a couple of times on this message board, and I have also asked it in private correspondence with the team, and have yet to hear any answer.
35  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 07, 2018, 10:23:51 AM
Network HR at 371 now - impressive  Shocked

Can't wait to see what will happen after next big update - I hope it will go Nicehash proof too as IPBC has done, so Dero can be properly returned to the community that has supported it.
36  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [POW] [XHV] Haven Protocol - untraceable payments x stable value storage on: May 06, 2018, 03:12:45 AM
Haven implements a great idea in a clever way, but I have a few questions about how it is going to work in practice, mainly around the issue of TRUST, which is very important for this coin

- When retrieving from offshore, how will the exchanges be chosen to calculate the correct number of coins to mine?  I can imagine that this coin is not exactly government-friendly, so what if it has been 6 months and all the original exchanges were shut down, and now there are some new exchanges? 

- Presumably in answer to the above question there is some sort of registration system for incorporating new exchanges into the protocol.  Who gets to decide which exchanges are bona fide exchanges to be incorporated and which not?   There seems to be some issues of third party trust here, which blockchain is supposed to avoid.  How will fraudulent or potentially fraudulent exchanges be handled?  What about exchanges set up by governments explicitly to manipulate the price?  Very likely if the coin is perceived as an actual threat - which it will be if it is successful.

- What if all the original exchanges were shut down and there are no more exchanges at all when funds are brought back?  What would the fall-back position be to decide on the number of coins to mine?  Or would all funds simply be irretrievable in that scenario?

- Cryptoasset prices can be very volatile.  What about the delay between issuing the command to retrieve funds, and the completion of all the mining?  The price could change in that time, perhaps significantly, especially if manipulated by governments (if considered an actual, real threat).  Will the amount to be mined be continually updated throughout mining?  Won't there be the danger of mining too much?  Or too little?  Does the coin holder simply take on some price risk here?  I thought the coin was supposed to avoid that?

- How will the mining pools to be used decided on?  Pools come into and go out of existence.  Would the coin holder simply be able to decide which pools?  Or will the protocol itself set up virtual pools on chain as the need arises?

For someone interested in sending a significant amount of money offshore, these are very live questions.  Although the coin implements a really nice, clever idea, I think it will be hard to build a robust offshore storage system that people can really trust with significant quantities of funds.
37  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 04, 2018, 06:52:36 PM
Im mining 2hours in https://dero.miner.rocks with 220khs and still nothing.

Pending Balance: 0.0000 DERO / $0
 Income 24h: 0.0000 DERO / $0
 Total Paid: 0.00 DERO / $0
 Paid 24h: 0.00 DERO / $0
 Last Share Submitted: less than a minute ago
 Hash Rate: 218.03 kH/sec Avg: 198.08 kH/sec
 Total Hashes Submitted: 2,142,071,423

I should receive atleast 1 Dero
Or is not anymore cryptonight?

You have to check blocks found to see if blocks were found on the pool since you started mining.

Then you have to check whether the block has been unlocked for payment yet, or still waiting for confirmations.

Only then will you see anything under "pending balance" and it could take some time.
38  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 04, 2018, 05:35:59 PM
Daemon crashed with message: panic: close of closed channel

and a bunch of stuff after that:

goroutine 94016 [running]:
github.com/deroproject/derosuite/p2pv2.(*Connection).Send_Message_prelocked(0xc04225c3c0, 0xc0423aa780, 0x67, 0xa0)
        /root/godero/src/github.com/deroproject/derosuite/p2pv2/connection_handler.go:115 +0x15f
github.com/deroproject/derosuite/p2pv2.(*Connection).Send_Message(0xc04225c3c0,0xc0423aa780, 0x67, 0xa0)
        /root/godero/src/github.com/deroproject/derosuite/p2pv2/connection_handler.go:91 +0xcd
github.com/deroproject/derosuite/p2pv2.(*Connection).Send_TimedSync(0xc04225c3c0, 0x1)
        /root/godero/src/github.com/deroproject/derosuite/p2pv2/timedsync.go:47+0x1b9
github.com/deroproject/derosuite/p2pv2.Handle_Connection.func3(0xc04225c3c0, 0x8ec0e0, 0xc042356380)
        /root/godero/src/github.com/deroproject/derosuite/p2pv2/connection_handler.go:231 +0x196
created by github.com/deroproject/derosuite/p2pv2.Handle_Connection
        /root/godero/src/github.com/deroproject/derosuite/p2pv2/connection_handler.go:216 +0x409
39  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: May 03, 2018, 01:30:29 AM
Dero is all ASICs right now.. until they release their update in like a month. Until then all we can do is cheerlead from the side lines an hope they fork to cryptonight v7 (cuz i have rx rigs and rx cards got a bump in hashrate from cryptonight to cryptonight v7 lol) Tongue

I think with the Atlantis release Dero will provide the world with a new Cryptonight protocol, might not even be called Cryptonight any more. Not some existing variant of Cryptonight for sure.  But the devs keep their cards close to their chest so I am just guessing like every one else of you on here....
40  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 30, 2018, 09:53:13 AM
Personally I used stocks.exchange several times before. NEver had any issues. Withdrawals always processed within 5-10 mins. Just always withdraw your coins to a personal wallet which you control the private key for.

I just bit the bullet and opened an account at stocks.exchange to sell Dero there.

However the Dero wallet is shown as disabled.  Is this the case for all account owners or is it just me?  Are Dero accounts disabled for new users or something like that?  How do I get this resolved?

  Asked them to disable DERO wallet. Wallets will be back in another 6-8 hrs.

Ah, right. Because of the update. Makes sense.

Didnít see a changes.log file in the update.  What are he main changes with this update?  Bug fixes?
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