[ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments

[RaiBlocksCommunityWill]

how this is possible ? dev say 15claim/min it mean 900 claim/hour and now 8 hours since reset.maks claim is  900*8=7200 claim

I've disabled ATM the limit of 15 captcha per minute per account. Actually there is no limit. I'm doing it to test how much captcha I can get by an account. I'm even considering if put a limit or not.

[honghaisea]

- distribution each 1 hour

This can be a good idea.

yeah，long before ,distribution each 2 hours,  1 hour is a good idea.

[RaiBlocksCommunityWill]

Distribute every hour to all claiming account is just impossible due to high PoW.

[versprichnix]

340,282,367 total supply and @600! Am I wrong or is it overrated?

Circulating Supply
45,158,125 XRB

Total Supply
340,282,367 XRB

I'm sorry if I don't understand .. but if the Circulating Supply increase the price falls?

Of course rising supply yields price pressure. It's this with fiat money, you can see it on rising market prices on all assets. If you had double the amount of gold on earth, the apropriate price for it could be expected half as high.

The same is with cryptos too. But this is not the only influence on the price, it's also technology, marketing, usage, confidence, and hype.

[poptok1]

Distribute every hour to all claiming account is just impossible due to high PoW.

How about 12 hours distribution? 200K each and periodic claims, like 1 every 55min/IP/address?
More like classic faucet style.
I think its much more fair that way. Even one claim per day could produce decent amount of Rai.
That new idea of pools will cause empty claims -> unnecessary traffic load -> losses

If you want to go the pool way, there would have to be some sort of system to group all addresses in to 6-10 teams, competing with each other. But what about people who whants to do it solo? 
It would have to be automatic with auto balance, one IP goes another must be added etc.

Heavy traffic, we get that, I my self generated 150Mb of data yesterday. And I think it will rise even more.
There must be more elegant way of sorting this out.

[BigShady]

https://www.fastpic.jp/images.php?file=0501082239.png

how this is possible ? dev say 15claim/min it mean 900 claim/hour and now 8 hours since reset.maks claim is  900*8=7200 claim

I've disabled ATM the limit of 15 captcha per minute per account. Actually there is no limit. I'm doing it to test how much captcha I can get by an account. I'm even considering if put a limit or not.

but even with no captcha limit, it's human impossible to make so many claims

[RaiBlocksCommunityWill]

Distribute every hour to all claiming account is just impossible due to high PoW.

How about 12 hours distribution? 200K each and periodic claims, like 1 every 55min/IP/address?
More like classic faucet style.
I think its much more fair that way. Even one claim per day could produce decent amount of Rai.
That new idea of pools will cause empty claims -> unnecessary traffic load -> losses

If you want to go the pool way, there would have to be some sort of system to group all addresses in to 6-10 teams, competing with each other. But what about people who whants to do it solo? 
It would have to be automatic with auto balance, one IP goes another must be added etc.

Heavy traffic, we get that, I my self generated 150Mb of data yesterday. And I think it will rise even more.
There must be more elegant way of sorting this out.

PoW is generated by Colin, not by me. That's why I can't do much with it.
Chain will raise, yes, that' why I see pruned nodes a very common situation further.

[zeko]

https://www.fastpic.jp/images.php?file=0501082239.png

how this is possible ? dev say 15claim/min it mean 900 claim/hour and now 8 hours since reset.maks claim is  900*8=7200 claim

I've disabled ATM the limit of 15 captcha per minute per account. Actually there is no limit. I'm doing it to test how much captcha I can get by an account. I'm even considering if put a limit or not.

but even with no captcha limit, it's human impossible to make so many claims

This is possible
https://bitcointalk.org/index.php?topic=1835038.0
bots vs. humans who will win??
One of possible solution is thath devs make they own captcha for fair distribution

[ujang1]

how this is possible ? dev say 15claim/min it mean 900 claim/hour and now 8 hours since reset.maks claim is  900*8=7200 claim

I've disabled ATM the limit of 15 captcha per minute per account. Actually there is no limit. I'm doing it to test how much captcha I can get by an account. I'm even considering if put a limit or not.

but even with no captcha limit, it's human impossible to make so many claims

This is possible
https://bitcointalk.org/index.php?topic=1835038.0
bots vs. humans who will win??
One of possible solution is thath devs make they own captcha for fair distribution

Do not believe everything that they write. Do you think he has such a bot? And why he will not run a few and will not earn himself?

[Byte16]

Do not believe everything that they write. Do you think he has such a bot? And why he will not run a few and will not earn himself?

Because this script is trying to use 2captcha and even if it works, it isn't profitable with Mrai?)

[RaiBlocksCommunityWill]

I announce I'm working on the algoritm of the first XRB "mixer".
I say "mixer" and not mixer, just because it doesn't mix, but wants to reach the same goal.
Would be better call it: XRB deceiver.

Coin mixer concept:

Differents users or holders join their funds and an algorithm split them back. (Very basic concept)

Coin deceiver concept:

Since I want to provide a solution that allow to "mix" coin without the help of third parts, I can't call it mixer. Just deceiver.
What's the concept? XRB allows us to a potentially infinite number of tx, since no fee is required.

Deception is more efficient as:

- more time deception lasts
- more txs are generated from the source account (the account wants to to deceive)

The basic idea is to analyze how much tx in the network happen, how many different amounts are send, what's the amount average and other txs property.

The goal is to make believe to your "account stalker" that you don't hold your funds anymore and that such funds have just being send to someone else.

At the end of deception, from your source account you'll get many many more accounts with different amounts. You'll be able to spend such splitted amount with a proper tool.

(You'll loose some funds, because to perform a proper deception, your funds will be sent to accounts of other ppl, that you don't own).

Will be written in PHP and posted on GitHub (so other devs can write in different language).

Give me your feedback.

[traumschiff]

The privacy feature looks great, the coin would be so much more with it. Any summary on what the pros and cons would be compared to ringsigs or zcash level anonimity?

On a different note tidex (sashas exchange, dev of waves) is looking for listings, would be great if you could officially submit RaiBlocks. https://twitter.com/sasha35625/status/843906844578009089

[RaiBlocksCommunityWill]

The privacy feature looks great, the coin would be so much more with it. Any summary on what the pros and cons would be compared to ringsigs or zcash level anonimity?

On a different note tidex (sashas exchange, dev of waves) is looking for listings, would be great if you could officially submit RaiBlocks. https://twitter.com/sasha35625/status/843906844578009089

Zcash is based on BC where only receiver/sender of tx can see proper data. This is a different concept. I've to draft the algo again, I'll do it next days.

[Watsuji]

I announce I'm working on the algoritm of the first XRB "mixer".
I say "mixer" and not mixer, just because it doesn't mix, but wants to reach the same goal.
Would be better call it: XRB deceiver.

Coin mixer concept:

Differents users or holders join their funds and an algorithm split them back. (Very basic concept)

Coin deceiver concept:

Since I want to provide a solution that allow to "mix" coin without the help of third parts, I can't call it mixer. Just deceiver.
What's the concept? XRB allows us to a potentially infinite number of tx, since no fee is required.

Deception is more efficient as:

- more time deception lasts
- more txs are generated from the source account (the account wants to to deceive)

The basic idea is to analyze how much tx in the network happen, how many different amounts are send, what's the amount average and other txs property.

The goal is to make believe to your "account stalker" that you don't hold your funds anymore and that such funds have just being send to someone else.

At the end of deception, from your source account you'll get many many more accounts with different amounts. You'll be able to spend such splitted amount with a proper tool.

(You'll loose some funds, because to perform a proper deception, your funds will be sent to accounts of other ppl, that you don't own).

Will be written in PHP and posted on GitHub (so other devs can write in different language).

Give me your feedback.

Monero's ringct would be amazing but I'm not sure if it's possible to implement that into raiblocks.

On your idea, since transactions and creating accounts are free, i think it would be better just to use your own accounts rather than accounts of other people, it reduces risk.

[kamiyama]

mercatox
Service offline.
Technical updates.

[t3ChNo]

mercatox
Service offline.
Technical updates.

Great! At least they started their site updates already. Hopefully, their site improves once it comes online again.

[Doamader]

What do you think about a distribution system similar to bitcoin?

Proposed features:

- distribution each 1 hour
- get paid only top first 6 accounts
- chance to start pool captcha and so 3rd part business

What would change?

Only the top 6 accounts every hour get paid.
Ppl would join in a pool to send bulks of captcha for the same account.
Faster distribution.
Less resources usage by faucet / community side.

Say your opinion.

I do vote to the 6 rounds of 4 hours with 66.666 mrai each round, and i did like the pools concept, but how would it work? I mean 6 pool would  had to let all people to join with their adress and show total captchas solved, but its unfair to only reward the lunatic captchas workers.

Faucet is being abused by someone those 40k claims in a day its insane and not fair with all comunity, you must set back the number captcha, last time Mike tryed to make a distribution fair model, to let this community more healthy. But no one is forced to do faucet, they arent slaves, they use their free time to earn mrai just those.

[Murat]

 someone is using bot to claim mrai

This is not fair at all, What you guys think?

Automatic Raiblocks claims - Bot for sale

[kamiyama]

someone is using bot to claim mrai

This is not fair at all, What you guys think?

Automatic Raiblocks claims - Bot for sale

Is not it a fraud?

[khufuking]

someone is using bot to claim mrai

This is not fair at all, What you guys think?

Automatic Raiblocks claims - Bot for sale

Is not it a fraud?

there is no automated captcha solving that i know of . all it is is you pay someone else to solve for you so basically you pay to get paid 2saptcha is not really profitable for raiblock. i could be wrong