[ANN] ◈◈UNIQREDIT P2P LENDING✔✔ BLOCKSHARES✔✔ TECHSTRAP ◈◈

[thelonecrouton]

Much as I was looking forward to getting the equivalent of millions of BCR @ < 1 sat, nobody else deserves it that cheap so suggestion to postpone and redo thirded.

No point giving it away.

Release client/chain with P2P finance demonstrably working, and have the Blockshares auction after we've done more work on outreach.

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[uniqredit]

Because of the beta nature of p2p lending and peculiarities in calculations surrounding transactions, for now only one lender per borrow request. Eventually, i will resolve the multiple lender issue. The key advantage is that it spreads around the risk.

[tommyj1]

Much as I was looking forward to getting the equivalent of millions of BCR @ < 1 sat, nobody else deserves it that cheap so suggestion to postpone and redo thirded.

No point giving it away.

Release client/chain with P2P finance demonstrably working, and have the Blockshares auction after we've done more work on outreach.

I agree with you that by now the bidders get it a lot cheaper than anticipated and that the auction didn't bring in the amount that we tough.
But anyhow this is the risk of an auction and how it works,  we also bid on v1 to get cheaper bcr.

What will new investors think when they see that the auction discharged and had a redo because it didn't bring in enough? That said the aution is for 1 year and who ever gets the reward can swap their share every 3 months.

The auction is not risk free for bidders either it doesn't matter if the price are 1 sat or 10000sat

that means we have to do a better jobb with the crowd fund.

We don't need to rush the crowdfund, if this project needs more funding I'm sure that most of the people in this community will be happy to help.

Most of us have fb, instagram and a twitter account. Get the word out, give this project some exposure and people will come naturally.

[Arrakeen]

Dev, can I PM you my email for a slack invite?  I'd love to help out as part of the team

[uniqredit]

Dev, can I PM you my email for a slack invite?  I'd love to help out as part of the team

You can use the auto invite link here : Slack Invite

[thelonecrouton]

Much as I was looking forward to getting the equivalent of millions of BCR @ < 1 sat, nobody else deserves it that cheap so suggestion to postpone and redo thirded.

No point giving it away.

Release client/chain with P2P finance demonstrably working, and have the Blockshares auction after we've done more work on outreach.

I agree with you that by now the bidders get it a lot cheaper than anticipated and that the auction didn't bring in the amount that we tough.
But anyhow this is the risk of an auction and how it works,  we also bid on v1 to get cheaper bcr.

What will new investors think when they see that the auction discharged and had a redo because it didn't bring in enough? That said the aution is for 1 year and who ever gets the reward can swap their share every 3 months.

The auction is not risk free for bidders either it doesn't matter if the price are 1 sat or 10000sat

that means we have to do a better jobb with the crowd fund.

We don't need to rush the crowdfund, if this project needs more funding I'm sure that most of the people in this community will be happy to help.

Most of us have fb, instagram and a twitter account. Get the word out, give this project some exposure and people will come naturally.

Fair points.

Plus it would be good to see the blockshares tech in action, albeit it's an evolution from daily bidding.

[WastedLTC]

I think we have to cancel the auction. The results are ridiculous so far.
It had too less exposure, we have to fix that and start again!

I agree, cancel it. You can either return the funds, or if users agree, hold them in advance of the re-do.

Hold an auction, take the risk and move on.   No Min/Max amount was set, only time.   

If the auction is changed, I'll be sure to dump all my holdings and move on.

[tommyj1]

I think we have to cancel the auction. The results are ridiculous so far.
It had too less exposure, we have to fix that and start again!

I agree, cancel it. You can either return the funds, or if users agree, hold them in advance of the re-do.

Hold an auction, take the risk and move on.   No Min/Max amount was set, only time.   

If the auction is changed, I'll be sure to dump all my holdings and move on.

the auction IMO have to go on as planed, now we need to focus on how to attract new investors to the crowdfund

[Penetrator10]

Hi dev when pow will start ?

[uniqredit]

Everyone, please just join slack , the conversation is faster and smoother.

[thelonecrouton]

Bear in mind that 2 million UNIQ with a final supply of 11 million is equivalent to about 38 million BCR given the reduction in final supply from BCR's 210 million. Then you have the decimal point drop.

So 1 UNIQ / 11 million  ~  190 BCR / 210 million BCR.

Anyone yet to bid for a UNIQ blockshare might want to do the maths re: the curent blockshare bids vs. the current BCR price...

https://blockchain.info/address/1UniQ1TiDyGbB7KXejnjUAZMEjLCyiEPe

Looks like someone did the math...

...still very cheap though.

[uniqredit]

Wow!!! The auction closes in a few hours, please place your bids in a timely fashion.

Meanwhile, we successfully tested a live upgrade of the ACTIVE server with an expansion module for ChainIDs, this confirms that TechStrap is not only feasible, but now a reality.

[bitcreditscc]

The bidding window is still open for the next 30 minutes. Once closed, there will be no further modifications, the donors will be hard coded into the client and the genesis block created within an hour afterwards. The next event will be the crowd funding event. More details to come.

[tommyj1]

The bidding window is still open for the next 30 minutes. Once closed, there will be no further modifications, the donors will be hard coded into the client and the genesis block created within an hour afterwards. The next event will be the crowd funding event. More details to come.

will there be a download link as soon as the auction ends?

[uniqredit]

Auction closed. Download links will be made available in a few hours after new genesis block is created. Don't waste your time trying to mine  the mining reward is lower than tx fee , so no matter how much you mine, you can never send it 

[WastedLTC]

So the next question is,   step by step for setup?

Installation of wallet
Export of private key from Bitcoin-QT
Import of private key
etc.?


Thanks!

[thelonecrouton]

OK, just cloned + built from https://github.com/bitcreditscc/uniqredit,..

WE HAVE LIFTOFF!

1. Encrypt and back up wallet, restart.
2. Go to Utilities and Settings and under Wallet Utilities tab click RPC console.
3. In RPC console, unlock your wallet with 'walletpassphrase passphrase 60' without the quotes, then type 'importprivkey your-old-BCR-privkey(s)' without the quotes.
3 (alternative) - place you old BCR wallet.dat file in your .uniqredit folder and restart.
4. To get your blockshares if you were a bidder, go to  Utilities and Settings > Blockshares, enter wallet passhrase and the privkey of the Bitcoin address you made your bid from, then click Import. Or you can do the same thing via the RPC\ console.

You should now have your old BCR balance in UniQ evivalent, and see your blockshare payouts.

edit: I got a segfault crash just after step #4, I'm looking into it but I suspect the core was pushing entries to the transaction history tableview faster than it could handle them. No biggie, restarted and all was fine, running stable now.

edit2: forgot to add, for #4 to work via the Blockshares UI, you'll need uniqredit-cli in your uniqredit folder (wherever your wallet is) as well as a uniqredit.conf file containing the following:

Code:

rpcuser=blah
rpcpassword=blahblah
rpcallowip=127.0.0.1
server=1

Note: Some of the P2P Finance stuff via the GUI needs you to have the cli executable and a uniqredit.conf file in place too. We'll get around to packaging it all for users eventually.

[thelonecrouton]

Seems the auction has hit the 22BTC mark right in time, congratulations to those involved!

Any date available for when the crowdfund will be starting?

Crowdfund will be starting, I hope, when and only when we have it all planned 100% and are in consensus about it, after we've thoroughly researched all the available options.

[gavrilo77]

Will be some link to download the binaries for the wallet ?

[uniqredit]

Users can now download :-

Windows binaries