CREDITS [CRE] | SHA256 | SIDECHAIN | NEW BLOCK-DEPOSIT FEATURE | OFFICIAL THREAD

[MickGhee]

Okay never mind that....  This as a sidechain app would be more valuable if it weren't tied to 1 chain
the most successful organisms are the ones which adapt the best

Now do u get it

[starblocks]

Okay never mind that....  This as a sidechain app would be more valuable if it weren't tied to 1 chain
the most successful organisms are the ones which adapt the best

Now do u get it

You might be right however

First in best dressed usually wins and in this case I'll go with that (BTC)

People not like you and me have enough trouble understanding what even a bitcoin is

The rest is a side show (you and your thoughts are not discredited but included - no offence intended)

But feel free to submit opinion on this thinking

[Gabriel Eiger]

I'll give a short explanation here about the rationale behind the link to Bitcoin.

The main purpose of the claiming process is to enable a transition from one currency to another currency with what we consider to be superior properties.

At the same time, the claiming process gives an initial distribution of the coin supply, to prevent centralisation of coin ownership. A wide distribution is vital for the deposit system to be as safe as possible.

Every time someone claims a credit from Bitcoin the value of the work put into creating the bitcoin is duplicated into Credits. Simplified you could say that the proof-of-work done to create the bitcoin will secure Credits to the same extent.

In this situation it is only natural to choose the system with the most value put into it to the current date. That is, by far, Bitcoin.

A system where several coins can be linked into Credits, is possible, but much more complex. The value it brings is for the moment too small considering the complexity that comes with it at the same time.

[GreydonIselmoe]

I'll give a short explanation here about the rationale behind the link to Bitcoin.

The main purpose of the claiming process is to enable a transition from one currency to another currency with what we consider to be superior properties.

At the same time, the claiming process gives an initial distribution of the coin supply, to prevent centralisation of coin ownership. A wide distribution is vital for the deposit system to be as safe as possible.

Every time someone claims a credit from Bitcoin the value of the work put into creating the bitcoin is duplicated into Credits. Simplified you could say that the proof-of-work done to create the bitcoin will secure Credits to the same extent.

In this situation it is only natural to choose the system with the most value put into it to the current date. That is, by far, Bitcoin.

A system where several coins can be linked into Credits, is possible, but much more complex. The value it brings is for the moment too small considering the complexity that comes with it at the same time.

MickGhee: This is what I meant... the dev explains it better

[Gabriel Eiger]

Credits version 0.9.1.30 released

A new version of the Credits client has been released. This is a renaming release reflecting the update to the new name Credits. The client is mostly updated but references to the old name may appear in some parts of the client. Updates will continue to be done in the following releases.

Make a copy your existing version, replace it with the new version and start it instead. The transition should be seamless.

Downloads can be found at:
http://credits-currency.org/viewforum.php?f=5

[GreydonIselmoe]

Credits version 0.9.1.30 released

A new version of the Credits client has been released. This is a renaming release reflecting the update to the new name Credits. The client is mostly updated but references to the old name may appear in some parts of the client. Updates will continue to be done in the following releases.

Make a copy your existing version, replace it with the new version and start it instead. The transition should be seamless.

Downloads can be found at:
http://credits-currency.org/viewforum.php?f=5

Should be as easy as closing down the client if its running, and running the new version to update, to those folks already running the client!

[MRKLYE]

Code:

Date: 2015-04-25 21:56
To: 1Ee7RxseZESFziN928YmHWsHLyJFgm5Epf
Debit: -10.00 CRE
Net amount: -10.00 CRE
Transaction ID: beed759bcd511c4796c1456a40dd6613df527762f0bc455de14b512aeefc3677-000

Thanks idol for the pm, 10 free CRE to you!!! good luck with your Credit mining!

[Ecnad]

New miner, would welcome a credit

1EuyfphhfPhvWgofCr5P79mBx6JQaXvreT

Still synching, will be live mining soon.

[Lorenzo]

How much are credits worth? I see that it's not listed on Coinmarketcap. Are there any exchanges where I can buy credits?

Glad to see the new ANN hopefully the name change will help bring more people onboard the CRE train

Glad to hear that you find it interesting. Make sure to dig into the code to see why for yourself why it is a game changer.

since you seem to not have noticed yours is the third coin to use *credits.

https://bitcointalk.org/index.php?topic=412591.0

i wasn't posting FUD , i was warning of another possible naming collision. if that equates to FUD then you need to be examined. I have no problem with people's idea's, just thought you'd be better off knowing that you may end up sharing a name again with another project, and in this case , two other projects.

Bytecoin (BCN) and Bytecoin (BTE) have the same names but most people know the difference. There have been a few similar cases where people ended up buying the wrong coin but if the other coin(s) is/are dead, then it's usually not a big deal.

[buddynuno]

Any exchange for CRE?

[Bizmark13]

Any plans for a lightweight client? The idea looks interesting but the requirement that users must download the Bitcoin blockchain might turn off some people from getting involved. Is this a limitation inherited by all BTC sidechain coins?

[Miftach]

Credits version 0.9.1.30 released

A new version of the Credits client has been released. This is a renaming release reflecting the update to the new name Credits. The client is mostly updated but references to the old name may appear in some parts of the client. Updates will continue to be done in the following releases.

Make a copy your existing version, replace it with the new version and start it instead. The transition should be seamless.

Downloads can be found at:
http://credits-currency.org/viewforum.php?f=5

i was try to download windows version
but i can't get it there
is the link broken? the link can't loaded

[Gabriel Eiger]

How much are credits worth? I see that it's not listed on Coinmarketcap. Are there any exchanges where I can buy credits?

Glad to see the new ANN hopefully the name change will help bring more people onboard the CRE train

Glad to hear that you find it interesting. Make sure to dig into the code to see why for yourself why it is a game changer.

since you seem to not have noticed yours is the third coin to use *credits.

https://bitcointalk.org/index.php?topic=412591.0

i wasn't posting FUD , i was warning of another possible naming collision. if that equates to FUD then you need to be examined. I have no problem with people's idea's, just thought you'd be better off knowing that you may end up sharing a name again with another project, and in this case , two other projects.

Bytecoin (BCN) and Bytecoin (BTE) have the same names but most people know the difference. There have been a few similar cases where people ended up buying the wrong coin but if the other coin(s) is/are dead, then it's usually not a big deal.

The coin is new so it hasn't been established on exchanges yet.

MRKLYE here is for the moment running a buy/sell ledger. Until the coin is included on exchanges send him a PM.

[Gabriel Eiger]

Any exchange for CRE?

See reply above.

[Gabriel Eiger]

Credits version 0.9.1.30 released

A new version of the Credits client has been released. This is a renaming release reflecting the update to the new name Credits. The client is mostly updated but references to the old name may appear in some parts of the client. Updates will continue to be done in the following releases.

Make a copy your existing version, replace it with the new version and start it instead. The transition should be seamless.

Downloads can be found at:
http://credits-currency.org/viewforum.php?f=5

i was try to download windows version
but i can't get it there
is the link broken? the link can't loaded

I don't have any problems loading the link or downloading the client.

Send me a PM with your mail and I'll post it to you.

[ltcnim]

I just built from git and my client shows the following error:

Code:

"errors" : "This is a pre-release test build - use at your own risk - do not use for mining or merchant applications"

[Gabriel Eiger]

Any plans for a lightweight client? The idea looks interesting but the requirement that users must download the Bitcoin blockchain might turn off some people from getting involved. Is this a limitation inherited by all BTC sidechain coins?

Yes, there are plans for a lightweight client, and plans for making it possible to point Credits to the Bitcoin working directory, so that it can read the required data from the already installed Bitcoin client, if one exists.

Unless the required information about the Bitcoin blockchain can be acquired from elsewhere, for example an online resource, then yes the Bitcoin blockchain must be downloaded to run a sidechain.

There are ways to shrink the storage requirement or completely get rid of the Bitcoin blockchain download. These approaches all involve trade-offs, for example disabling the claiming part in the client. There are however plans on getting rid of the Bitcoin blockchain with a specialised client. Unfortunately no time plan can be given yet.

[Gabriel Eiger]

I just built from git and my client shows the following error:

Code:

"errors" : "This is a pre-release test build - use at your own risk - do not use for mining or merchant applications"

That shouldn't be an error, just a warning in the Credits-Qt interface. Are you running Creditsd or Credits-Qt?

If you can't get around the problem in any other way, try this:

Change line 5 in configure.ac to this:
define(_CLIENT_VERSION_IS_RELEASE, true)

and line 18 in clientversion.h to this:
#define CLIENT_VERSION_IS_RELEASE  true

Once this is done the flag indicating release version will be true and the error message should go away.

[ltcnim]

I'm running creditsd. If it's just a display issue I can live with it. I just don't want to lose my coins ^^

[Gabriel Eiger]

I'm running creditsd. If it's just a display issue I can live with it. I just don't want to lose my coins ^^

The error message that you are seeing is ONLY a warning telling that the flag I described is set to false. It affects nothing else. It won't make you loose any coins.

Does the client start as intended or does it halt on the error?