Weak / Narrow Blockchain AI

[Blockchain Mechanic]

I prefer one wallet. Single backup, less hassle.

Agree with Pallas, one single wallet with multiple coins is better then managing multiple wallets.
Will they all sync together ? i mean, lets say there are 4 chains in the wallet, if i open a specific one, will the others sync with the network or only one at once ?
Your project seems to be advancing well, i would be happy to provide you with any support you may need for the release.

Yes, they will all sync together if there are 4 chains, when you look at your balance in GUI or request via RPC, it will give you your balances across all chains.
When you start the client, it loads all blockchains, syncs them, updates balances and does all operations like any other normal wallet. When you want to send/recieve, you need only specify which coin you wish to use.

[Blockchain Mechanic]

I'm sure those following the thread can see that i had to re-arrange the plan a little, it now stands as :-


1) Blockchain
2) Proof of stake
3) Assets
4) Cross chain interaction
5) Data Acquisition
6) Kernel v1
7) Simulators
8 ) Self replication
9) Inter-AI communication
10 ) Reasoning and Explanation (let the Ai make decisions and tell us why it did (simple enough as this is mostly mathematics and probabilities))
11) Network wide AI
12) Decentralized exchange (and internal interface for centralized exchanges)

Stages 1, 2 , 3, 5 are already complete.

I am working on stages 4, 6 , 9 and 11.

I guess i will have to update the doc to match my progress and changes.

[pallas]

I'm sure those following the thread can see that i had to re-arrange the plan a little, it now stands as :-


1) Blockchain
2) Proof of stake
3) Assets
4) Cross chain interaction
5) Data Acquisition
6) Kernel v1
7) Simulators
8 ) Self replication
9) Inter-AI communication
10 ) Reasoning and Explanation (let the Ai make decisions and tell us why it did (simple enough as this is mostly mathematics and probabilities))
11) Network wide AI
12) Decentralized exchange (and internal interface for centralized exchanges)

Stages 1, 2 , 3, 5 are already complete.

I am working on stages 4, 6 , 9 and 11.

I guess i will have to update the doc to match my progress and changes.

This is quite exciting.
I hope we can work together in some way in the future, so the project evolves faster.

[blockDoc]

I'm sure those following the thread can see that i had to re-arrange the plan a little, it now stands as :-


1) Blockchain
2) Proof of stake
3) Assets
4) Cross chain interaction
5) Data Acquisition
6) Kernel v1
7) Simulators
8 ) Self replication
9) Inter-AI communication
10 ) Reasoning and Explanation (let the Ai make decisions and tell us why it did (simple enough as this is mostly mathematics and probabilities))
11) Network wide AI
12) Decentralized exchange (and internal interface for centralized exchanges)

Stages 1, 2 , 3, 5 are already complete.

I am working on stages 4, 6 , 9 and 11.

I guess i will have to update the doc to match my progress and changes.

I gotta say i'm impressed, i've been following this project for the start and it keeps getting better. it looks like you really putting a lot of thought and work into this. If ever you need help, i'd really like to be part of the team

[Xosihc]

Just wanted to hop in here and say hello. I stumbled upon this project while doing some research on QTL. I was trying to figure out if there was any active development on that coin and you seemed to be the last person working on it.

Anyway, I read through this post from start to where we are today and it seems like there is some real progress being made. I'll definitely be keeping a close eye on the project.

[Blockchain Mechanic]

Just wanted to hop in here and say hello. I stumbled upon this project while doing some research on QTL. I was trying to figure out if there was any active development on that coin and you seemed to be the last person working on it.

Anyway, I read through this post from start to where we are today and it seems like there is some real progress being made. I'll definitely be keeping a close eye on the project.

Hi

Yes, i have been working on this a while now. I will be posting additional updates later today.

[Xosihc]

Just wanted to hop in here and say hello. I stumbled upon this project while doing some research on QTL. I was trying to figure out if there was any active development on that coin and you seemed to be the last person working on it.

Anyway, I read through this post from start to where we are today and it seems like there is some real progress being made. I'll definitely be keeping a close eye on the project.

Hi

Yes, i have been working on this a while now. I will be posting additional updates later today.

Awesome - I'll continue to check in on this thread for updates.

[barnaba]

Is that to show up or have much value ?

[Blockchain Mechanic]

Hello

I am considering dropping Dash from the multi-wallet. It's just got way , way too many forks and integrating each and every change they made is too much work.

So as it stands, it's Bitcoin, Litecoin and Oracle. Maybe i will add more in future releases.

[pallas]

Hello

I am considering dropping Dash from the multi-wallet. It's just got way , way too many forks and integrating each and every change they made is too much work.

So as it stands, it's Bitcoin, Litecoin and Oracle. Maybe i will add more in future releases.

That's OK, it will prove the point anyways ;-)
I think that you may add other coins in the future, if there is interest in the feature (or you have fun doing it, of course).

[johhnyUA]

Very strange, but sounds interesting for me.

"Oracle has a dynamic fees policy that is determined by the kernel reflecting the free market. Fee policy as acts as a tool of supply control and miner incentivization, the kernel can set fee rates that can help further incentivize miners, or in some cases reign in inflation."

But does that means that sometimes fee can be lower than miners want?

"Rewards are controlled by the kernel and are recalculated once a cycle, in the beta version, the aspiration is to make it real time."
I dont like this moment. uncertainty of rewad it's very bad for all chain. Who want to mine if he don't know which reward he will receive? Sometimes more, sometimes less. It's bad for business.

"AI will operate the blockchain independent of any forms of hard coded parameters"
Sounds scary. Like skynet or something. Where garantees that this AI will not go wrong?

[Blockchain Mechanic]

Very strange, but sounds interesting for me.

"Oracle has a dynamic fees policy that is determined by the kernel reflecting the free market. Fee policy as acts as a tool of supply control and miner incentivization, the kernel can set fee rates that can help further incentivize miners, or in some cases reign in inflation."

But does that means that sometimes fee can be lower than miners want?

"Rewards are controlled by the kernel and are recalculated once a cycle, in the beta version, the aspiration is to make it real time."
I dont like this moment. uncertainty of rewad it's very bad for all chain. Who want to mine if he don't know which reward he will receive? Sometimes more, sometimes less. It's bad for business.

"AI will operate the blockchain independent of any forms of hard coded parameters"
Sounds scary. Like skynet or something. Where garantees that this AI will not go wrong?

Hello

You are quite right, fees are incentive for miners in typical cryptos, but here they also have other roles such as helping to manage the overall supply. If you remember Bitcoin before CORE took over, fees were optional so what i am suggesting is not too radical, it's just a different approach to the issue. Fess in Oracle, can be high, moderate or even go down to zero. The thing is the fee rate is part of consensus, thus across the network, the fee is the same, miners cannot discriminate transactions since they all have the same fee per kb.

I disagree with you when it comes to the reward issue, firstly the purpose of mining is not to reward the miners. Actually the purpose of mining is processing of transactions and securing the chain by producing subsequent blocks. Miners are simply paid to do this. The money supply control mechanism in most coins is actually the "halving" concept. in our case, we want strict control of money supply so that it makes sense and reflects current financial conditions. This means that if there is a slump or boom IRL
the chain will reflect this. The way i am setting up the network is such that there is little reliance on mining, since PoS (which is less resource intensive) is available.

You need not worry about this AI taking over the worls. It is not a GAI it is a NAI.

Thanks for coming in the thread and feel free to ask any questions you may have.

[Blockchain Mechanic]

Hello

I am considering dropping Dash from the multi-wallet. It's just got way , way too many forks and integrating each and every change they made is too much work.

So as it stands, it's Bitcoin, Litecoin and Oracle. Maybe i will add more in future releases.

That's OK, it will prove the point anyways ;-)
I think that you may add other coins in the future, if there is interest in the feature (or you have fun doing it, of course).

Likely will have to be demand, it's a hell of a lot of work.

[monarx911@i.ua]

will there be ico or when is the exit of chinks planned?

[poptop]

Who is the dev team?

[Blockchain Mechanic]

will there be ico or when is the exit of chinks planned?

Yes there will be.

[Blockchain Mechanic]

Who is the dev team?

Only myself and justin have access to the private git we are using for development, we do consult with other devs. We are trying to keep it under wraps as much as possible to avoid some of our ideas being used before we launch our own project.

[poptop]

Only myself and justin have access to the private git we are using for development, we do consult with other devs. We are trying to keep it under wraps as much as possible to avoid some of our ideas being used before we launch our own project.

When the mining is to start?

[Blockchain Mechanic]

Only myself and justin have access to the private git we are using for development, we do consult with other devs. We are trying to keep it under wraps as much as possible to avoid some of our ideas being used before we launch our own project.

When the mining is to start?

Oracle Blockchain is 100% fully functional already, Oracle AI is still in development ~ 20 % complete, Oracle Multiwallet is 75% done, Oracle Cross-chain swap is at 0% , and so is Oracle Financial Markets.

So to answer your question, mining can start anytime, though i'd like to launch more than just a blockchain. Wait a while longer, you'll be happy with what comes of it.

[Blockchain Mechanic]

So if you look closely, you can see that the debug log shows 3 working chains. There is still some work to be done. The GUI, i have not even started making it show balances. My biggest problem now is syncing Bitcoin and litecoin. Once sync is flawless i will mod the GUI to show balances.

Progress!!!!