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Author Topic: AT and CLTV - Truly disruptive technology!  (Read 6424 times)
CIYAM (OP)
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January 05, 2016, 05:54:40 PM
 #1

After having played with the new CLTV Bitcoin (and soon to be Litecoin) op code (https://bitcointalk.org/index.php?topic=598860.msg13435766#msg13435766) CIYAM is now busy working on a decentralised crypto to crypto exchange.

We had already somewhat achieved that goal with the ACCT AT between Qora and Burst but unfortunately the PR didn't go well (apparently the funds that were meant to be used for PR were stolen) and of course it didn't involve Bitcoin (so wasn't noticed by most Bitcoin followers either).

But now I think we have something much more exciting about to happen. It will allow people to trade QORA/BURST with BTC/LTC without the need for any centralised exchange.

Unlike others trying to do similar things we are not going to be setting up a centralised website for order matching (nor taking a commission) - both Qora and Burst will be able to work as exchanges themselves (due to their AT support) and we will consider creating either a CIYAM application (which will be decentralised and free of charge) or an addition for Bitcoin/Litecoin (also free of charge) to work in a similar fashion.

Basically what we are talking about is "true disruption" (so even the new businesses that are making money out of crypto to crypto trades will be put out of business with this model).

(a note to mods - although Qora and Burst are alts this topic is about using OP_CHECKLOCKTIMEVERIFY to trade between them and Bitcoin so this is relevant to Bitcoin - I hope this isn't confusing the boundaries too much to work out whether this topic is in the right place or not)

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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January 05, 2016, 06:36:32 PM
Last edit: January 05, 2016, 06:55:26 PM by luxe
 #2

I'm following this for a while, awesome to see the progress ... keep up the good work!
The BURST community wants to support this ... http://forum.burst-team.us:4567/topic/8/decentralized-exchange-btc-burst-qora

As CIYAM are the ones i would trust (after the stolen funds last time) ... you guys should start a crowdfunding via BURST to help finance the PR/development.
I really want to support a decentralized exchange ... and sure others would, too!


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January 05, 2016, 07:58:36 PM
 #3

Exceptional.  Glad to see this taking shape.  I've always had a good feeling about Qora and Burst, as if they were destined to do great things, so thank you for all your efforts in creating this bridge to Bitcoin's blockchain and truly taking things to the next level.  Decentralised exchange has been something the crypto community has been aspiring to for some time now, so people should stop waffling about the halving and take note that this is the reason 2016 will be a fantastic year for Bitcoin.

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January 05, 2016, 11:47:19 PM
 #4

I'm following this for a while, awesome to see the progress ... keep up the good work!
The BURST community wants to support this ... http://forum.burst-team.us:4567/topic/8/decentralized-exchange-btc-burst-qora

As CIYAM are the ones i would trust (after the stolen funds last time) ... you guys should start a crowdfunding via BURST to help finance the PR/development.
I really want to support a decentralized exchange ... and sure others would, too!




I love the ideia and would support it as well.
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January 06, 2016, 01:15:45 AM
 #5

I'm super excited to see where the development and progress goes. I will be eagerly following and would love to know the updates.  Smiley
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January 06, 2016, 03:27:34 AM
 #6

I'm super excited to see where the development and progress goes. I will be eagerly following and would love to know the updates.  Smiley

Yeah! I'm very excited as well. They have great things planned and we don't even know half of it! I'm always pretty happy with the updates.
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January 06, 2016, 02:42:52 PM
 #7

Where I think that we are headed is towards a new decentralised infrastructure that simply doesn't need "middle-men".

This is a true revolution that will connect providers with consumers without the layers in between that not only are a "friction impediment" but also a "denial of service" problem.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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January 06, 2016, 03:26:51 PM
 #8

Where I think that we are headed is towards a new decentralised infrastructure that simply doesn't need "middle-men".

This is a true revolution that will connect providers with consumers without the layers in between that not only are a "friction impediment" but also a "denial of service" problem.


CIYAM is coin or service?

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January 06, 2016, 03:29:37 PM
 #9

Where I think that we are headed is towards a new decentralised infrastructure that simply doesn't need "middle-men".

This is a true revolution that will connect providers with consumers without the layers in between that not only are a "friction impediment" but also a "denial of service" problem.


CIYAM is coin or service?

As it stands it is neither - it is an open source project that can be a service or a coin (I guess).

The point of the project is to further decenstralisation rather than to make a profit from anything.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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January 08, 2016, 12:11:20 AM
Last edit: January 08, 2016, 07:04:59 AM by daWallet
 #10

Where I think that we are headed is towards a new decentralised infrastructure that simply doesn't need "middle-men".

This is a true revolution that will connect providers with consumers without the layers in between that not only are a "friction impediment" but also a "denial of service" problem.


And a decentralized exchange can't get hacked, robbed or shut down with losing everyone's funds!

Without exaggeration: This is true innovation solving a REAL problem.

github/dawallet   Burst Client for Win & Burstcoin.biz
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January 08, 2016, 02:14:55 PM
 #11

The design is going to actually go a lot further than just the trading of crypto-currencies (although that will be the initial application).

We are working on two new ATs (Escrow and Reputation) which in combination will actually provide a framework for a completely decentralised marketplace (details about this will be released after we have tested code and extended the current AT API).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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January 08, 2016, 05:36:14 PM
 #12

Always good to see CIYAM is still hammering at it Smiley

Looking forward to the future, hope more people will come on board this time round.

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January 13, 2016, 03:34:07 AM
 #13

...
 It will allow people to trade QORA/BURST with BTC/LTC without the need for any centralised exchange.
What about other pairs? BTC/NXT, QORA/NXT?
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January 13, 2016, 05:56:38 AM
 #14

...
 It will allow people to trade QORA/BURST with BTC/LTC without the need for any centralised exchange.
What about other pairs? BTC/NXT, QORA/NXT?

Implementing Nxt should be possible by using "phased transactions":
https://nxtforum.org/general/2-phased-transactions-post-implementation-specification/

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January 16, 2016, 02:45:53 AM
 #15

Although I think decentralised crypto trading is an important technical achievement the question is whether people are really going to use it.

As time stamps in Bitcoin (and its clones) are not very accurate (two hours variance is allowed) then at a minimum you would want the automatic refund to be at least more than two hours.

Once the P2SH address has been worked out and funds sent to it then the party that is going to reveal the secret isn't going to do so until they see at least one confirmation (and you'd probably be best advised to wait for more than one confirmation in case of a possible re-org) so I can't see a single trade happening much faster than around half an hour (if we are talking about Bitcoin).

My guess is that having to wait half an hour to do a single trade is going to be simply too unattractive to the average Joe who can trust a (unfortunately likely to eventually get hacked and go bankrupt) website with their coins in order to do near instant trading.

Also no matter how much the UI is simplified it will at least require a secret to be provided by one party and then entered by the other which is going to be an extra step for at least the second party (assuming the secret was able to be automatically generated for the first party).

So as much as people are screaming out that they need a decentralised exchange I would have to say that I am not very optimistic that they will actually use what CLTV ACCT will provide.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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January 16, 2016, 10:19:35 AM
 #16

Well despite not being convinced that this is going to be a case of "build it and they will come" here are some screenshots of the prototype Trade application (this part will initially be hosted on ciyam.org and would not contain any sensitive information other than addresses and secret hashes).

Firstly "user1" has created a Trade Offer:



and we can see the details of that here:



assuming that they clicked the "Open Offer" button and assuming "user2" had done similar then if we were logged in as "guest" and were wanting to sell some LTC for BTC we would check the list of Open Offers:



Although the offer from "user2" is higher the minimum amount is perhaps more than "guest" has to trade so he clicks on the offer from "user1":



And assuming he clicks the "Create Transaction" button he might create a potential ACCT like this:



With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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January 16, 2016, 06:57:37 PM
 #17

Although I think decentralised crypto trading is an important technical achievement the question is whether people are really going to use it.

As time stamps in Bitcoin (and its clones) are not very accurate (two hours variance is allowed) then at a minimum you would want the automatic refund to be at least more than two hours.

Once the P2SH address has been worked out and funds sent to it then the party that is going to reveal the secret isn't going to do so until they see at least one confirmation (and you'd probably be best advised to wait for more than one confirmation in case of a possible re-org) so I can't see a single trade happening much faster than around half an hour (if we are talking about Bitcoin).

My guess is that having to wait half an hour to do a single trade is going to be simply too unattractive to the average Joe who can trust a (unfortunately likely to eventually get hacked and go bankrupt) website with their coins in order to do near instant trading.

Also no matter how much the UI is simplified it will at least require a secret to be provided by one party and then entered by the other which is going to be an extra step for at least the second party (assuming the secret was able to be automatically generated for the first party).

So as much as people are screaming out that they need a decentralised exchange I would have to say that I am not very optimistic that they will actually use what CLTV ACCT will provide.

I thought the secret could be handled by the exchange software itself ... so this problem could be solved, once the exchange itself is decentral?!
The time issue is bad for day trading ... but i guess it is acceptable considering the benefits of beeing decentral.

Thanks again for your work and efford!
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January 17, 2016, 10:12:09 AM
 #18

Great job Ian. I will code the equivalent AT script and GUI for the AT enabled coins ( qora, burst ).

 
Quote
I thought the secret could be handled by the exchange software itself ... so this problem could be solved, once the exchange itself is decentral?!
The time issue is bad for day trading ... but i guess it is acceptable considering the benefits of beeing decentral.

Thanks again for your work and efford!


For sure we don't expect it to be a replacement for normal day trading via exchanges, but you could think it more this way: "Shapeshift meets localbitcoin" Cheesy

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January 18, 2016, 02:46:39 PM
 #19

I thought the secret could be handled by the exchange software itself ... so this problem could be solved, once the exchange itself is decentral?!

It would not be a good idea to have the exchange software actually *know* your secret (it should only know the hash) just in case you decide not to reveal your secret (the idea of the ACCT protocol allows for this so you wouldn't want to potentially take that power away from the initiator).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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January 22, 2016, 03:51:11 PM
 #20

You guys are truly amazing. I hope to one day be half as good as you with development. Keep up the awesome job. Smiley



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ORTAL
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January 24, 2016, 10:32:31 PM
 #21

Yes, I also think that you guys are doing an awesome job!

Thank you!

Vin
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January 25, 2016, 04:46:06 PM
 #22

The CIYAM Trade package is nearly finished - in order to test it I created an application with the Trade package and used a CIYAM script to act as the wallet (I plan to add the functionality to the CIYAM's Wallet package next).

Although when the Wallet package is used the UI will be improved there are still a number of steps that involve copying and pasting information - so here is what it looks like currently from the console's perspective (the Trade application UI is described so is not illustrated as you can assume it).

Code:
Generating a spendable amount of RHS for "user1"...
Generating a spendable amount of LHS for "user2"...

Login as "user1" and create a Trading Pair (with Maximum Amount as at least 25) and then Logout.

Now login as "user2" and create a tx from the offer in the All Open Offers list with the following details:

Sending Amount: 25
Refund Address: mtW4pzRHXwNwkHa2mdy2EokKy5GZ4aMWtu
Receiving Address: mkoJtKoxHmdL8aXJvPudmUgZKC1xXHb9KT
Secret Hash: 2bb80d537b1da3e38bd30361aa855686bde0eacd7162fef6a25fe97bf527a25b

Now login as "user1" and edit the Trade Transaction in the My Trade Transactions list with the following:

Refund Address: mids4AKKn42KmcJTvaynUzmnhWnmfgwRMw
Receiving Address: mgF67ucKz7CddjuJwDvDUgC5HiJBRDGNBx

Now login as "user2" and from the tx click on the Waiting tx and copy and paste the Sending Address:

USER2_P2SH=2N1dPcqdkNyfNqysHDqWRq8hqSs6sT91LTP

Now "user2" will send LHS to their P2SH address.

Now login as "user1" and from the tx click on the Waiting tx and copy and paste the Sending Address:

USER1_P2SH=2NFtwQWeiQzMgeidPCrZZhATv6ULXqA8WaB

Now "user1" will send RHS to their P2SH address...

[
    {
        "involvesWatchonly" : true,
        "account" : "user2 (user1's p2sh)",
        "address" : "2NFtwQWeiQzMgeidPCrZZhATv6ULXqA8WaB",
        "category" : "receive",
        "amount" : 25.00000000,
        "vout" : 1,
        "confirmations" : 4,
        "blockhash" : "55647bfcc1ea60124e3e358a046a1e6494babb666d656aec3a9ad7ea3b179e71",
        "blockindex" : 1,
        "blocktime" : 1453733457,
        "txid" : "1b0effc3dbb318d988c5f8f3525c1e79fec7f327aebbc2028274361139042870",
        "walletconflicts" : [
        ],
        "time" : 1453733457,
        "timereceived" : 1453733475
    }
]

Now enter the following from the transaction information above:
TXID=1b0effc3dbb318d988c5f8f3525c1e79fec7f327aebbc2028274361139042870
VOUT=1

Now login as "user2" and from the tx click the Receive Checked button and paste the Secret Reveal Script:
SCRIPT=76a8202bb80d537b1da3e38bd30361aa855686bde0eacd7162fef6a25fe97bf527a25b87637576a91439f079037b44caa047b19f66f9446ad29ca1835888ac6704d0dea656b17576a9142
236ea542963ca5022db4332cd63aa2ed895af6888ac68

0100000001702804391136748202c2bbae27f3c7fe791e5c52f3f8c588d918b3dbc3ff0e1b01000000d44730440220456e9d366d89034c7321a900f17e60506cb9e6fb3c280587301609fda6af65
8502206d785719bc42de81ce05ac4b461fc9d4aab5286d4ec3ef8d0589ab3ed1076d7501210334ae38e2f6331bfc4832893edd540377bcfc08b1a63730339b91cf8a6e0b6636067365637265744c
6176a8202bb80d537b1da3e38bd30361aa855686bde0eacd7162fef6a25fe97bf527a25b87637576a91439f079037b44caa047b19f66f9446ad29ca1835888ac6704d0dea656b17576a9142236ea
542963ca5022db4332cd63aa2ed895af6888ac68000000000100f90295000000001976a91439f079037b44caa047b19f66f9446ad29ca1835888ac00000000

Now "user2" will redeem RHS from the "user1" P2SH address tx (exposing their secret).

Balance of RHS for "user2" is:
25.00000000

Now login as "user1" and from the tx click the Receive Checked button and paste the new Check Address:
ADDR=mkoJtKoxHmdL8aXJvPudmUgZKC1xXHb9KT

[
    {
        "involvesWatchonly" : true,
        "account" : "user1 (user2's reveal)",
        "address" : "mkoJtKoxHmdL8aXJvPudmUgZKC1xXHb9KT",
        "category" : "receive",
        "amount" : 25.00000000,
        "vout" : 0,
        "confirmations" : 1,
        "blockhash" : "5ea97dcb1e76ca90ef0b71aae2208488df5d8344248be2713fbb8f1bae8a1667",
        "blockindex" : 1,
        "blocktime" : 1453733502,
        "txid" : "d374d12b0cee799e7d3b233332b87ae41f18ffae9c1a5dc49f7436df4f216fcf",
        "walletconflicts" : [
        ],
        "time" : 1453733502,
        "timereceived" : 1453733536
    }
]

Now copy and paste the secret reveal txid:
TXID=d374d12b0cee799e7d3b233332b87ae41f18ffae9c1a5dc49f7436df4f216fcf

{
    "txid" : "d374d12b0cee799e7d3b233332b87ae41f18ffae9c1a5dc49f7436df4f216fcf",
    "version" : 1,
    "locktime" : 0,
    "vin" : [
        {
            "txid" : "1b0effc3dbb318d988c5f8f3525c1e79fec7f327aebbc2028274361139042870",
            "vout" : 1,
            "scriptSig" : {
                "asm" : "30440220456e9d366d89034c7321a900f17e60506cb9e6fb3c280587301609fda6af658502206d785719bc42de81ce05ac4b461fc9d4aab5286d4ec3ef8d0589ab3
ed1076d7501 0334ae38e2f6331bfc4832893edd540377bcfc08b1a63730339b91cf8a6e0b6636 736563726574 76a8202bb80d537b1da3e38bd30361aa855686bde0eacd7162fef6a25fe97bf5
27a25b87637576a91439f079037b44caa047b19f66f9446ad29ca1835888ac6704d0dea656b17576a9142236ea542963ca5022db4332cd63aa2ed895af6888ac68",
                "hex" : "4730440220456e9d366d89034c7321a900f17e60506cb9e6fb3c280587301609fda6af658502206d785719bc42de81ce05ac4b461fc9d4aab5286d4ec3ef8d0589a
b3ed1076d7501210334ae38e2f6331bfc4832893edd540377bcfc08b1a63730339b91cf8a6e0b6636067365637265744c6176a8202bb80d537b1da3e38bd30361aa855686bde0eacd7162fef6a25
fe97bf527a25b87637576a91439f079037b44caa047b19f66f9446ad29ca1835888ac6704d0dea656b17576a9142236ea542963ca5022db4332cd63aa2ed895af6888ac68"
            },
            "sequence" : 0
        }
    ],
    "vout" : [
        {
            "value" : 25.00000000,
            "n" : 0,
            "scriptPubKey" : {
                "asm" : "OP_DUP OP_HASH160 39f079037b44caa047b19f66f9446ad29ca18358 OP_EQUALVERIFY OP_CHECKSIG",
                "hex" : "76a91439f079037b44caa047b19f66f9446ad29ca1835888ac",
                "reqSigs" : 1,
                "type" : "pubkeyhash",
                "addresses" : [
                    "mkoJtKoxHmdL8aXJvPudmUgZKC1xXHb9KT"
                ]
            }
        }
    ]
}

Now copy and paste the revealed secret:
HEX_SCRT=736563726574

[
    {
        "txid" : "e6af2d2c7e6cda9ea14c166a57c83112376a39b24524b5d2b1e607d740663b71",
        "vout" : 0,
        "address" : "2N1dPcqdkNyfNqysHDqWRq8hqSs6sT91LTP",
        "account" : "user1 (user2's p2sh)",
        "scriptPubKey" : "a9145bf232454e73c9cafa022f52d819bbf59c63df1087",
        "amount" : 25.00000000,
        "confirmations" : 9,
        "spendable" : false
    }
]

Now copy and paste the P2SH txid and vout:
TXID=e6af2d2c7e6cda9ea14c166a57c83112376a39b24524b5d2b1e607d740663b71
VOUT=0

Now click the Secret Checked button and paste the Secret Reveal Script:
SCRIPT=76a8202bb80d537b1da3e38bd30361aa855686bde0eacd7162fef6a25fe97bf527a25b87637576a91407f8009f5b6b12a5ae10e0ae539ea06ce232cfbf88ac67047387a756b17576a9148
e6eac4b9e5944a76f2305a736ed2a7d65742f7688ac68

0100000001713b6640d707e6b1d2b52445b2396a371231c8576a164ca19eda6c7e2c2dafe600000000d4473044022027523c5d0aaf22798d0503c67c073bf4a78522d88d8128720091289845ac0f
1d022078d69e74bea88f7d727a4a04650179136ca24872477f052f58d17f825ce1b0ad01210220d666741f2e8be672556ca8f0b7a7352516422c7b7b3f0681d39adf4cabd953067365637265744c
6176a8202bb80d537b1da3e38bd30361aa855686bde0eacd7162fef6a25fe97bf527a25b87637576a91407f8009f5b6b12a5ae10e0ae539ea06ce232cfbf88ac67047387a756b17576a9148e6eac
4b9e5944a76f2305a736ed2a7d65742f7688ac68000000000100f90295000000001976a91407f8009f5b6b12a5ae10e0ae539ea06ce232cfbf88ac00000000

Now "user1" will redeem LHS from the "user2" P2SH address tx.

Balance of LHS for "user1" is:
25.00000000

Clearly with the right stuff added into the Wallet package the need for dumping raw txs will disappear so it will be much cleaner but there is no real way of getting around the copying and pasting of pieces of information.

For those that use Qora or Burst the AT implementation will actually be much nicer.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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February 03, 2016, 11:03:24 PM
 #23

Hey I've noticed you are talking about decentralized coin trading. You can do this using BitHalo, BlackHalo or Bitbay using double deposit escrow smart contracts.

Basically both parties make deposits and trade 1/2 the value of the contract over and over again until target is reached.

Example:
Both parties deposit $100 in Blackcoin using Halo
Bob sends $50 - $50 - $50 etc... until target
Alice sends $50 - $50 -$50 etc... until target

Its the proposal for my decentralized exchange "NightTrader" where the collateral will be in Blackcoin

I like AT also, i just wanted to mention this.

The whole point of mentioning this is because decentralized exchange was always possible just nobody wrote the nice UI for it yet.

You can also do an exchange thats not fully decentralized using green addresses.

Basically you just have every user set up a 2 of 2 account with the exchange and then they approve each TX. This is good because the exchange cant take your full balance but it involves trust because the exchange can pose as the counterparty and take individual transactions. Note that you can use sighash single for your change address which gives the exchange a blank check.

Lastly there is the lightning network, similar to AT still depending on locktimes but no blockchain bloat. More decentralized ways of lightning is daisy chain the accounts for example:
Bob/Alice  Alice/John John/Jane Jane/Joe etc...
Then you are only routing IOUS, the exchange only needs to pair users, from there users use the famous transaction replacement techniques and locktimes for micropayment channels, they only route each others debt without need for a centralized "Mt Box" but you can also have the exchange be a "Mt Box" but the protocol is considerably more complex

The point being DDE is the only way that all coins can currently do decentralized exchange until they all start using locktimes.
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February 03, 2016, 11:04:18 PM
 #24

anyways, just keep up the good work... cool stuff, I support all the devs who are actually working and building Smiley
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February 10, 2016, 10:36:42 AM
 #25

The whole point of mentioning this is because decentralized exchange was always possible just nobody wrote the nice UI for it yet.

I think that with the new ACCT AT implementation we'll end up with a very nice UI and if it's not too hard to extend the Qora/Burst wallet to be able to work with Bitcoin (doing the ACCT CLTV stuff) then you would have a standard UI that would handle both the wallet and trading (which would be extremely convenient).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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February 12, 2016, 08:22:18 AM
 #26

I will be starting a BURST AT Crowdfund for this project's implementation into BURST wallet via vbcs and his brilliance.

This will be posted here as well as the BURST thread. Hoping to have this accomplished tomorrow if not early next week.



Then, I'll take CIYAM's suggestions in the BURST thread as well, and get some other promo started and rewrite some documentation (with some assistance of mostly links in my direction for informational purposes, and possibly some developer insight. Smiley)

Thank you again for everything CIYAM, once I get a few of the things going here, I would like to also start a secondary CF for you, as well as one for the BURST implementation of any technology you develop. Keeping a close eye here, let me know any information you can, and I'll begin work on this ASAP.




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ORTAL
    ..Web and Application hosting.
     ⊙ decentralized infrastructure
    ..leveling and voting.
| https://qortal.org - Infrastructure for the future World
            Founder/current dev group facilitator
[/td][/tr][/table]

[/table]
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February 12, 2016, 04:05:51 PM
 #27

Hey @crowetic - please don't worry about a CF for CIYAM at this stage (but thanks for the consideration).

I have brought up the idea with @vbcs of merging the code-base between Burst and Qora and hope you will be happy to discuss this with him (this would not change the Burst blockchain history nor its "proof" algorithm but simply bring the two projects much closer together).

A big advantage to Burst would be to having pretty much the same code as its cousin and having identical AT code (making the work for @vbcs much easier as this progresses which is going to be important if you want to see big changes happening).

In this scenario the majority of code would be the from the Qora project as @vbcs is of the opinion that it is better quality code and that it has the more development support between the two projects.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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February 12, 2016, 11:54:27 PM
 #28

Hey @crowetic - please don't worry about a CF for CIYAM at this stage (but thanks for the consideration).

I have brought up the idea with @vbcs of merging the code-base between Burst and Qora and hope you will be happy to discuss this with him (this would not change the Burst blockchain history nor its "proof" algorithm but simply bring the two projects much closer together).

A big advantage to Burst would be to having pretty much the same code as its cousin and having identical AT code (making the work for @vbcs much easier as this progresses which is going to be important if you want to see big changes happening).

In this scenario the majority of code would be the from the Qora project as @vbcs is of the opinion that it is better quality code and that it has the more development support between the two projects.


Sounds fantastic to me, I'll contact vbcs directly about this myself, he hasn't been in the BURST slack lately but hopefully I can bring him back!


I'm working on the wallet now to start the CF for him to do this, but I have to leave my office in about 10 min, so I will finish it up when I get home, and I will be first to drop 500k+ BURST into it for him!


As for the other CF, just say the word man, and I'll get working on it. But I'll keep it on pause for time being Smiley Thanks@ bringing it up to vbcs! Much appreciated! Yea, I would very much like to keep the two coins as close as possible, in fact, I would love to implement some sort of massive community out of the two, in which we can be more unified, I'm going to start working on a plan in this direction, as I think it would be very useful. Smiley

I'll post the BURST CF link here along with the BURST thread upon completion later this evening. Thanks again for everything bossman! Keep up the ground-breaking development work! We do appreciate it!



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ORTAL
    ..Web and Application hosting.
     ⊙ decentralized infrastructure
    ..leveling and voting.
| https://qortal.org - Infrastructure for the future World
            Founder/current dev group facilitator
[/td][/tr][/table]

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February 16, 2016, 07:36:58 PM
 #29

I have created the CF for vbcs, and will be the first to donate 500k BURST to it once my tests succeed. Just wanted to make sure my 500k would get there. But as far as I remember, you can either send via the AT interface built into the new GUI wallet, which sends directly to the CF, or you can send to the BURST address associated with the account itself that started the CF, this is correct, isn't it CIYAM?

But anyway, here it is!




figured I would just post now after completed tests...






Funding works as expected! Let's get to donating! Show vbcs how much we do appreciate what he has done and would likely continue to do for BURST and QORA, and crypto as a whole!

*I was incorrect about the sending directly to creator part though, you send to the AT address, derp. I knew that...)

If you would like to directly donate without having to use the AT, simply send to BURST-Q65F-6VNE-6YNS-7JKMQ


(I will accept BTC donations as well, just PM me)



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                   ▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓


ORTAL
    ..Web and Application hosting.
     ⊙ decentralized infrastructure
    ..leveling and voting.
| https://qortal.org - Infrastructure for the future World
            Founder/current dev group facilitator
[/td][/tr][/table]

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February 17, 2016, 03:31:03 AM
 #30

It should be noted that assuming the CF achieves its target on time then any further funds sent to that AT will effectively become donations (minus the small AT processing fee of course).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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February 17, 2016, 07:19:43 PM
 #31

It should be noted that assuming the CF achieves its target on time then any further funds sent to that AT will effectively become donations (minus the small AT processing fee of course).


True, and should it be fulfilled in time, I will likely start another for general AT and other related development for BURST.

Here's where the AT is thus far, with my 500k donation...




I will not take up any more space in this thread, but I encourage everyone to donate to this, it isn't just a donation to help BURST, it is a donation to this project! Thank you!



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                   ▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓


ORTAL
    ..Web and Application hosting.
     ⊙ decentralized infrastructure
    ..leveling and voting.
| https://qortal.org - Infrastructure for the future World
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March 21, 2016, 10:41:24 PM
 #32

how are things going? Any news?

btw: the crowdfund got fully funded Smiley

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March 22, 2016, 02:34:11 AM
 #33

I think @vbcs was taking a bit of time of to "charge his batteries" but I think that he is keen to continue work soon.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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March 23, 2016, 06:37:09 PM
 #34

This sounds really good. A p2p exchange with a massive liquidity could truly disrupt the ecosystem.
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March 23, 2016, 07:10:02 PM
 #35

I think @vbcs was taking a bit of time of to "charge his batteries" but I think that he is keen to continue work soon.


I've messaged vbcs

whenever he gets back I've got the funds for him Smiley



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                   ▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓


ORTAL
    ..Web and Application hosting.
     ⊙ decentralized infrastructure
    ..leveling and voting.
| https://qortal.org - Infrastructure for the future World
            Founder/current dev group facilitator
[/td][/tr][/table]

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April 06, 2016, 02:18:51 AM
 #36

I think @vbcs was taking a bit of time of to "charge his batteries" but I think that he is keen to continue work soon.


I've messaged vbcs

whenever he gets back I've got the funds for him Smiley


vbcs has successfully received his crowdfund payment of 3.8 million BURST Smiley Thanks again guys!



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ORTAL
    ..Web and Application hosting.
     ⊙ decentralized infrastructure
    ..leveling and voting.
| https://qortal.org - Infrastructure for the future World
            Founder/current dev group facilitator
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