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

[Alexbt]

We're excited to release a new versions of the whitepaper on RaiBlocks! This is a technical dive in to the protocol design considerations and is a significant elaboration over the previous version https://raiblocks.net/media/RaiBlocks_Whitepaper.pdf

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[Btchunter3333]

On what new exchange is planned XRB to be listed first and when? Maybe next year the price will grow if development will be done right.

[BitcoinArsenal]

I started reading information about RaiBlocks to improve my understanding about the technology. What I did not understand yet, what are the incentives to secure the network and to find the consensus when there are no fees? IOTA follows a similar feelss approach. It solved the problem by making each transaction possible only after confirming two other transactions. How is it with Raiblocks?

[RaiBlocksCommunityWill]

RaiBlocks Community team proudly announce:

We did a great improvment to the miner: mining XRB with web interface or CLI interface now is cheaper than using coinhive and even as good as mine directly on a monero pool (considering also trading fee to convert XMR to XRB).

We can say: if you want to mine XRB, https://raiblockscommunity.net/miner is the greatest choice.

[mexicantarget]

On what new exchange is planned XRB to be listed first and when? Maybe next year the price will grow if development will be done right.

XRB is a double-edged sword for exchanges.
They can't bank on withdraw fees (they can, but they can't charge you ((ethically)) for a "feeless" coin).

This is the only bad thing I can think about the tech behind XRB.

Everything else is more than satisfying.
Been accumulating XRB for more than 7 months now and I can say that right now, I'm more confident about this coin's future than I've ever been before.

Kudos for the miner, btw. Great addition to the ecosystem.

[kamiyama]

RaiBlocks Community team proudly announce:

We did a great improvment to the miner: mining XRB with web interface or CLI interface now is cheaper than using coinhive and even as good as mine directly on a monero pool (considering also trading fee to convert XMR to XRB).

We can say: if you want to mine XRB, https://raiblockscommunity.net/miner is the greatest choice.

Your job is great.
Please continue to work hard at your job.

[Byte16]

I started reading information about RaiBlocks to improve my understanding about the technology. What I did not understand yet, what are the incentives to secure the network and to find the consensus when there are no fees? IOTA follows a similar feelss approach. It solved the problem by making each transaction possible only after confirming two other transactions. How is it with Raiblocks?

Read Whitepaper attacks section. What kind of security are you talking about?
For consensus. In case of forks representative nodes will vote with delegated weight balance (DPOS).

[FUTURECRYPTO]

I started reading information about RaiBlocks to improve my understanding about the technology. What I did not understand yet, what are the incentives to secure the network and to find the consensus when there are no fees? IOTA follows a similar feelss approach. It solved the problem by making each transaction possible only after confirming two other transactions. How is it with Raiblocks?

Read Whitepaper attacks section. What kind of security are you talking about?
For consensus. In case of forks representative nodes will vote with delegated weight balance (DPOS).

Whitepaper ---> https://raiblocks.net/media/RaiBlocks_Whitepaper.pdf

[SparkyU]

**This post is for the XRB fans who badmouth IOTA on Iota forums**

I see a lot of XRB fans bashing IOTA on Iota forums. Don't think badmouthing IOTA would help XRB gain value. In general all DAG cryptos are undervalued. People haven’t realized the potential of DAG technology. 2018 will be huge for XRB IOTA and byteball. Unfortunately XRB is so under the radar because of lack of big exchanges trading. It should change hopefully soon. I could clearly see iota becoming no. 3 crypto in 2018. XRB should easily be > $100MM. I don’t see iota as competition. They are aiming for different goals. But iota’s success could get more eyes look into XRB’s technology.

There is some sort of the correlation between Iota's price and XRB's price. I am active in Iota speculation slack. They call everything shitcoin besides Iota (including Eth.) XRB does have some respect  in Iota slack. Iota fanboys seemed to be curious about XRB and its tech. Some iota folks that I know recently bought XRB a small % of portfolio with Iota profits. Whenever Iota is making big news on reddit or twitter, XRB comes into discussion. People research Raiblocks and identify how gem of crypto XRB is.

See now that's a quality post with some solid info many of us may have missed.  Kudos on that.

[FUTURECRYPTO]

*** This is posted by one of the XRB devs on discord group. It explains the history of XRB distribution and faucet ***



Because it gave so much value compared to privately funded faucets, it attracted both those in third world circumstances who could actually make a living from using the faucet, as well as "entrepreneurs" who would use the labor of indigent for their own profit. At 1k satoshi price, we were essentially giving away 28 btc weekly. People claimed, sold on the market, and did as they pleased. Pools offered direct btc payments from working on the faucet but kept a hefty cut (around 30%). Others found ways to use machine learning to solve the captchas more rapidly. In the end, it became a mess of people only concerned with selling for btc and cashing out, not wanting to actually learn about or really use RaiBlocks, and thus causing massive trouble for the early exchange(s) that traded XRB. Cryptopia delisted us due to the volume of support tickets, some say even due to death threats from angry users. Ultimately we found that while a very fair method of distributing, the Faucet model was causing far too much harm to RaiBlocks as a currency, as a project. Approx 30 percent distributed was enough, so we ended it and destroyed the remaining funds.

Whatever negatives there may have been, we can say, really, that the distribution of RaiBlocks could be considered the first implementation of Universal/Basic income in the cryptocurrency space. Philipinos, Venezuelans, and many others in distressed economies were able to provide for themselves using it.

[hodlftw]

**This post is for the XRB fans who badmouth IOTA on Iota forums**

I see a lot of XRB fans bashing IOTA on Iota forums. Don't think badmouthing IOTA would help XRB gain value. In general all DAG cryptos are undervalued. People haven’t realized the potential of DAG technology. 2018 will be huge for XRB IOTA and byteball. Unfortunately XRB is so under the radar because of lack of big exchanges trading. It should change hopefully soon. I could clearly see iota becoming no. 3 crypto in 2018. XRB should easily be > $100MM. I don’t see iota as competition. They are aiming for different goals. But iota’s success could get more eyes look into XRB’s technology.

There is some sort of the correlation between Iota's price and XRB's price. I am active in Iota speculation slack. They call everything shitcoin besides Iota (including Eth.) XRB does have some respect  in Iota slack. Iota fanboys seemed to be curious about XRB and its tech. Some iota folks that I know recently bought XRB a small % of portfolio with Iota profits. Whenever Iota is making big news on reddit or twitter, XRB comes into discussion. People research Raiblocks and identify how gem of crypto XRB is.

Thank you for your detailed post and I must agree with it in majority. Guys if we are trying to give legitimacy to crypto and the coins we have why would you bash the other coin that is doing similar things to you? I think I get the logic in lets lower their value so our value increases but that is incredible flawed and short-sighted. Why not say something like if you like IOTA come check out XRB! That is simple and would communicate that both projects are good. Again thanks for your post more people need to read this and that is why I am re quoting despite it being two posts above me.

[bituperio]

**This post is for the XRB fans who badmouth IOTA on Iota forums**

I see a lot of XRB fans bashing IOTA on Iota forums. Don't think badmouthing IOTA would help XRB gain value. In general all DAG cryptos are undervalued. People haven’t realized the potential of DAG technology. 2018 will be huge for XRB IOTA and byteball. Unfortunately XRB is so under the radar because of lack of big exchanges trading. It should change hopefully soon. I could clearly see iota becoming no. 3 crypto in 2018. XRB should easily be > $100MM. I don’t see iota as competition. They are aiming for different goals. But iota’s success could get more eyes look into XRB’s technology.

There is some sort of the correlation between Iota's price and XRB's price. I am active in Iota speculation slack. They call everything shitcoin besides Iota (including Eth.) XRB does have some respect  in Iota slack. Iota fanboys seemed to be curious about XRB and its tech. Some iota folks that I know recently bought XRB a small % of portfolio with Iota profits. Whenever Iota is making big news on reddit or twitter, XRB comes into discussion. People research Raiblocks and identify how gem of crypto XRB is.

Thank you for your detailed post and I must agree with it in majority. Guys if we are trying to give legitimacy to crypto and the coins we have why would you bash the other coin that is doing similar things to you? I think I get the logic in lets lower their value so our value increases but that is incredible flawed and short-sighted. Why not say something like if you like IOTA come check out XRB! That is simple and would communicate that both projects are good. Again thanks for your post more people need to read this and that is why I am re quoting despite it being two posts above me.

Iota is amazing and great news are comming

[jayycox]

RetroXRBWallet (https://github.com/jamescoxon/RetroXRBWallet) is a pathfinder design, to demonstrate and test some of the technology which will be used in the mobile/light wallet. It is purposefully retro to make it fast and efficient.
 
Currently works on Mac OS X and Linux, we are going to make some Windows binary soon.
 
For more discussion see #development on RaiBlocks Discord

Check out https://www.youtube.com/watch?v=Sb8u9YyuBzk for a guide to setting up the wallet.

[Adriano2010]

Is great news if a faster wallet will be launched, maybe after the price of XRB will boom. I will test new mobile wallet once will be launched.

[RarePepeQuadNitroSS]

with ththe  raiblocks fork for the catchpa miners, will i be elegible if my coins are stored on http://myraiwallet.com or do i have to use the windows wallet?    Im told webwallet will work,  but just confirming, there was a notice in the wallet but cant find it now.

[FUTURECRYPTO]

The dev team met at Austin recently to talk about XRB future development plans. The team looks great together.

https://twitter.com/IcarusGlider/status/935655755222540288?s=09

[bloodyvio]

The dev team met at Austin recently to talk about XRB future development plans. The team looks great together.

https://twitter.com/IcarusGlider/status/935655755222540288?s=09

finally, I know the face of xrb core devs haha.  
I'm curious, is it because of this meeting the price of xrb goes up by 20%?


Can you tell me anyone name from left to right?
Is there mikerow? I just know the face of colin lol

[felixando]

Good to see XRB following its big brother IOTA, XRB is IOTA's silver, in a similar way as LTC/BTC + XRP/XLM.

Im so proud of the developers.

[themathiasmiller]

The dev team met at Austin recently to talk about XRB future development plans. The team looks great together.

https://twitter.com/IcarusGlider/status/935655755222540288?s=09

finally, I know the face of xrb core devs haha.  
I'm curious, is it because of this meeting the price of xrb goes up by 20%?


Can you tell me anyone name from left to right?
Is there mikerow? I just know the face of colin lol

Probably that's one of the reasons for the sudden price growth, I think right now people are more confident that xrb will really have a bright future and it's not being abandoned by its devs and I think the other reasons for the sudden price growth are the recently released whitepaper and the newly developed retrowallet, this gives the community the assurance that the roadmap will be met and accomplished on time. I honestly don't know any of the devs on there but I don't think mikerow is on that picture, he's not part of the official raiblocks team anymore.

[carajillu]

Is the wallet in raiblocks.net safe? Would be good to have a checksum.

Anyway, I downloaded it, but it says I am disconnected. I just created my first block (account), do I have to do additional steps to start syncing?