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Author Topic: **MANDATORY UPGRADE REQUIRED** [ANN] B&C Exchange - All users must upgrade  (Read 165020 times)
cryptog1
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July 01, 2015, 04:40:30 AM
 #381

Another question.

Distributing dividends in bitcoins implies connecting the B&C client to the Bitcoin client in the current design, I believe.
Since downloading the bitcoin client could be a problematic with the increase in block size (even now it is troublesome), would there be an easy way to enable users to specify any bitcoin addresses, including within B&C?
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BCExchange
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July 01, 2015, 03:32:03 PM
 #382

Distributing dividends in bitcoins implies connecting the B&C client to the Bitcoin client in the current design, I believe.
Since downloading the bitcoin client could be a problematic with the increase in block size (even now it is troublesome), would there be an easy way to enable users to specify any bitcoin addresses, including within B&C?

Question answered here: https://bitcointalk.org/index.php?topic=1033773.msg11249649#msg11249649

Can the BlockShare holders get dividends in thier lightweight BTC wallets? Peershares export private keys to the Peercoin satoshi wallet. I hope the BlockShare shareholders don't have to have updated BTC satoshi wallet with its monster size blockchain.

I'm certainly aware that few BlockShare holders will be interested in hosting a Bitcoin node. While the B&C Exchange client will support export to the Bitcoin reference client because it requires no additional development, other Bitcoin key export methods are needed. The difficulty is every client that can handle Bitcoin keys will have a different way of permitting adding keys to the wallet. Probably the only practical choice initially is to export Bitcoin keys to the clipboard or text file. Then the shareholder can import that to whatever Bitcoin client they choose to use. It is possible that later the B&C Exchange client will support automated export of Bitcoin keys to a number of popular wallet applications.
cryptog1
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July 02, 2015, 02:09:03 PM
 #383

@bcexchange Tks.

I have checked. Electrum offers a very straightforward way to import a bitcoin private key according to [http://electrum.orain.org/wiki/Frequently_Asked_Questions#Can_I_import_addresses_from_other_Bitcoin_clients.3F]
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July 02, 2015, 02:34:37 PM
 #384

"July 3rd (end of day) - BlockShares creation date."
Is that tomorrow that we get to download the blockchain?
BCExchange
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July 02, 2015, 03:11:29 PM
 #385

"July 3rd (end of day) - BlockShares creation date."
Is that tomorrow that we get to download the blockchain?

From before:

The dev team is working to get a B&C Exchange test network up and running right now. The end of 3 July is the date of record for obtaining BlockShares by way of holding NuShares. We expect to have the production network up and running shortly after 3 July and have promised to deliver all BKS paid for by 17 July by 19 July.

This first iteration of B&C Exchange is designed to give shareholders direct possession of their BlockShares and to make their holding liquid. It will not contain any exchange features.

The end of July 3 UTC is the date of record for obtaining BlockShares. The production network will be up and running shortly after, using that date and time to create the distribution. However, BKS will not be delivered until July 19 at the latest. We need to first create a B&C client that will allow shareholders to receive their BlockShares.
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July 02, 2015, 03:41:11 PM
 #386

The end of July 3 UTC is the date of record for obtaining BlockShares. The production network will be up and running shortly after, using that date and time to create the distribution. However, BKS will not be delivered until July 19 at the latest. We need to first create a B&C client that will allow shareholders to receive their BlockShares.

Got it. Tks for the info.
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July 03, 2015, 05:11:10 PM
 #387

The B&C Exchange test network is now operational. It is working as expected, which gives us confidence that the rollout of the release candidate blockchain and network will proceed smoothly.

If anyone is interested, you can run and mint on the test network now. 40% of the BlockShares created in the test network were granted to holders of production or mainnet NuShares. There is an import NSR wallet function off the File menu that NuShare holders as of June 27th can use to gain access to test BlockShares. The other 60% of testnet BlockShares are practice for creating shares that will belong to investors that paid for BlockShares. There isn't much point in distributing those to purchasers of BlockShares. However, anyone is welcome to request and receive testnet BlockShares for free from pennybreaker.

The B&C Exchange client for use on test net can be downloaded now for Windows or Linux

The distribution of release candidate BlockShares to NuShare holders will be based on share ownership as of the end of today, UTC (less than eight hours from now). Tomorrow we will begin the process of setting up the release candidate B&C Exchange blockchain. Once it is up and running manual distributions to those who purchased BlockShares will begin. Those who purchased BlockShares will receive a request for BlockShare addresses you would like to receive your BlockShares at, and then they will be sent. Please note that these will be release candidate BlockShares at first. Once we are confident the distribution was completed properly and the network proves to be stable, we will promote the release candidate blockchain to production status. We expect this process to take a couple weeks. No one should be a buyer of release candidate BlockShares from individual sellers because there is a chance the blockchain could be discarded and a second release candidate would be used with BlockShares distributed based on the centralized ledger we possess. Accordingly, exchanges should not be listing BlockShares during the release candidate period. If you wish to purchase BlockShares during the release candidate period you should buy them directly from B&C Exchange so that the transaction appears in the temporary centralized ledger that would be used in the case that a second release candidate blockchain becomes necessary.
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July 05, 2015, 06:10:22 AM
 #388

seednode IPs would be useful.

BTC 1HxvAEC4nj37hyenz9DwsyrMMnkwzpbzno PPC PU6zS8RRBWP2UxhuRFengGsu8n4tEYB5xV XPM AJAgBpPjGQoL38mrtW91dVqhbMHqu25vfG
pennybreaker
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July 05, 2015, 05:23:06 PM
 #389

Here you go ...

addnode=62.4.15.180
masterOfDisaster
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July 06, 2015, 07:13:30 PM
 #390

create a file called "bcexchange.conf" at
  • %appdata%\BCExchange\ if you are on Windows
  • ~/.bcexchange/ if you are on Linux
  • too lazy to look that up for MacOS (but that might be able to wait until somebody compiled the qt wallet or the daemon for MacOS Wink )

Contents of bcexchange.conf
Code:
rpcuser=yourUserName
rpcpassword=yourPassword
rpcport=yourPort (only required if Nu runs as well...)
addnode=62.4.15.180
testnet=1
gagalady
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July 06, 2015, 07:21:00 PM
 #391

Looks interesting, where can I find info about the team?
masterOfDisaster
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July 06, 2015, 08:23:41 PM
 #392

Looks interesting, where can I find info about the team?

If you are looking for info about the team, you might want to investigate Nu as both lead architect (Jordan Lee) and team members that developed Nu are involved in B&C Exchange.
A good point to start might be https://docs.nubits.com/history/
You will recognize that a part of the Nu community, which had its part in Nu's success, will also be a part of B&C Exchange (due to the BKS that will be distriuted to the NSR holders and I bet some have invested in the funding).
This basis will be supplemented by lots of new community members and I bet we'll see some skilled new developers at B&C Exchange as well.
It really looks interesting!

BCExchange
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July 06, 2015, 11:45:13 PM
 #393

Total funds received have reached $199,901.
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July 06, 2015, 11:55:40 PM
 #394

Looks interesting, where can I find info about the team?

Thank you @MasterofDisaster for linking the comprehensive History of Nu at https://docs.nubits.com/history/

B&C architect Jordan Lee's contributions to Nu are provided on that page. His open-source creations include Peershares, Nu, and now B&C Exchange. You can review all of his public discussion and correspondence on peercointalk.org and discuss.nubits.com too. He is a global leader in the creation of decentralized finance software.

Sigmike is a lead developer for Peercoin and Nu. He has built a well-deserved reputation of being one of the top cryptocurrency experts. His development skill is very highly regarded by both the Peercoin and Nu communities. One example of his ability was shown in his joint solution (beginning in Nu v0.4.0) with Jordan Lee to the "nothing-at-stake" problem faced by Proof-of-Stake cryptocurrencies.

Eramospunk is the creator of the popular open-source Coinomi wallet, and is also a senior core developer for Nu. If you haven't had the pleasure of using the Coinomi wallet on your Android phone, we would recommend checking it out.

Other marketing and QA team members have been actively involved with the Nu and Peercoin communities over the past few years. We are lucky to have a very talented group of professionals who work effectively together.

gagalady
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July 07, 2015, 12:26:16 AM
 #395

^^Thanks for the info! Is the crowdfunding over? How can I contribute my life savings?  Grin
BCExchange
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July 07, 2015, 12:34:38 AM
 #396

^^Thanks for the info! Is the crowdfunding over?

We're glad you find value in our project! If you refer to the main post, there is information on purchasing BlockShares: https://bitcointalk.org/index.php?topic=1033773.msg11153629#msg11153629

The current price per BlockShare is $4.08. You can make a purchase by emailing bkssale@vistomail.com or sending a BitMessage to BM-2cTihATJ5FwJ7vWBwZmJjr55eFPFWBCmCQ. Please ensure you provide us with the information requested in the original announcement, including your requested quantity of BlockShares, the asset type you will pay with (BTC, LTC, PPC or NBT), and finally a cryptocurrency forum username (bitcointalk, discuss.nubits.com, or others) that is a minimum of one week old as of the date of the main announcement. The email address and BitMessage address are the only two channels we will sell BlockShares through. We will never contact you in any other format or with any other address.

How can I contribute my life savings?  Grin

Probably not the best idea Smiley Invest responsibly. B&C Exchange is a very promising innovation, but it is still a highly speculative investment.
hankrules
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July 07, 2015, 08:23:42 AM
 #397

Would it make more sense to buy blockshares or nushares at this point?  As I understand, nushares will earn blockshares.  How will they be distributed to NSR?  A snapshot?
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July 07, 2015, 11:09:33 AM
 #398

Would it make more sense to buy blockshares or nushares at this point?  As I understand, nushares will earn blockshares.  How will they be distributed to NSR?  A snapshot?


Since B&C Exchange will utilize nubits, buying nushares is still a smart decision because there will be symbiosis between nubits and B&C Exchange.

Nagalim
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July 07, 2015, 02:57:40 PM
 #399

Would it make more sense to buy blockshares or nushares at this point?  As I understand, nushares will earn blockshares.  How will they be distributed to NSR?  A snapshot?


The snapshot has happened.  Buying nsr will not earn you bks any longer.
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July 07, 2015, 04:18:41 PM
 #400

Would it make more sense to buy blockshares or nushares at this point?  As I understand, nushares will earn blockshares.  How will they be distributed to NSR?  A snapshot?


The snapshot has happened.  Buying nsr will not earn you bks any longer.

When was it done?
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