🤖[ANN][BIS]Bismuth 2.0 - Beyond DeFi

[EggdraSyl]

I am very impressive with this project and It seems it's an platform of many integrated blockchains through a modular framework

Generic spam is a pain you know

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[kiddo]

I am very impressive with this project and It seems it's an platform of many integrated blockchains through a modular framework

Generic spam is a pain you know

Yes, the 'merit' system is not enough to stop the spam or generic posts as I saw around bitcointalk. Anyway I want to ask how the shared hypernode works, I didn't find to much info on the website or onto this thread. Do we need to send our coins to a pool like a POS pool - I don't want to mention any here -  or sign a message from the wallet containing the coins? Thank you in advance, K!

[Sadiscontly]

Greetings,  Is that token will be treated as official currency of the forum to take part into auction or purchase advertisement. I hope this is not joke because it is started by admin of this forum so that I will keep this under my watch list before take any action.

[EggdraSyl]

I want to ask how the shared hypernode works, I didn't find to much info on the website or onto this thread. Do we need to send our coins to a pool like a POS pool - I don't want to mention any here -  or sign a message from the wallet containing the coins? Thank you in advance, K!

Real thread is on the official Bismuth discord, #hyper-bisafe-net channel but I can give some info here.
There are now 2 shared HN services.

You have to send your coins in any case, since to be activated a HN has to sign the reg message from a single collateral account.
So, whatever the service, all shared funds have to be consolidated onto a single wallet per HN.

I personally run the bisafe.net service. Funds are splits into distinct 30K wallets, one per HN, cold stored after registration.
iyomisc, operator of dragginator.com, is my backup in case I have an accident so the funds are not lost.
You can claim the funds back when you want - no large lock in period - just some notice so we can plan ahead. You ask some funds back by signing a message, let 2 saturdays pass and you get them.
There is already something like 335K deposited to the service, some large accounts, should give an idea of the trust of the current users.

[EggdraSyl]

Number of Bismuth Hypernodes per round are now plotted at bottom of https://hypernodes.bismuth.live/?page_id=21
Pretty smooth launch!
< 10 hns: was internal testing
up to 40/45: pre-release, then release.

[TheHas]

https://twitter.com/EggPoolNet/status/1036629486874312706

#Bismuth Hypernodes freshly launched.
More than 2M Collateral already.
And guess what? 2 shared Hypernodes services are now available.
https://hyper.bisafe.net , 1K $BIS seats, powered by Eggdrasyl and Iyomisc
https://pickaxe.mn/product/bis/  , 250 $BIS seats, powered by pickaxe.

So for these shared masternode services, do you send your bismuth to an address you don't control to 'buy' a part of the masternode, and hope that the owner will provide you the correct payout amount for running that node? And do you also have to wait until all the 'seats' are full before payouts start?

Shared nodes are great but just want to make sure I (and everyone else) understand the possible risks before sending anything through.

[EggdraSyl]

So for these shared masternode services, do you send your bismuth to an address you don't control to 'buy' a part of the masternode, and hope that the owner will provide you the correct payout amount for running that node? And do you also have to wait until all the 'seats' are full before payouts start?

Shared nodes are great but just want to make sure I (and everyone else) understand the possible risks before sending anything through.

- Sending the Bis to an address you don't control is a technical requirement. The alternative being running and maintaining a full HN yourself (10K bis).
I think it's the same for any shared masternode out there, be it bis or not.

- Hope that the owner will pay the correct amount: Why reputation is important. For bisafe, all the data is public (you can trace the bis flows, there is the list of all working balances, rewards will also be public, since they are public transactions), nothing is hidden, and it's run by me, also core Bis dev. If you don't trust me, you don't trust Bis. I think pickaxe also has a pretty good reputation in the crypto world.

- With Bisafe, you don't have to wait until all the seats are full to get your rewards. HNs are setup in advance when we see that non working balance within the week raises, so we can plan ahead.
Then on saturday, after the payouts have been issued, we lock the working balances for the next week. We keep some margin so we can "fill up" the potential missing HN collateral with our own funds (that is, we do not put all our bis into HNs so we have "free" bis to fill up yours. We can kinda get not all possible rewards so you can get yours).


I know that on crypto, you are guilty until proven innocent. But unless you have 10K bis and can run and maintain a HN yourself, this offers are a great way to go the easy way.

Some people even sent 20K, 30K and even more in the service, so they could run a HN themselve, but prefer not to bother with setup, hosting and maintenance.
It's a choice, and a matter of trust.

[EggdraSyl]

Dev? Python?
Knowing a Python dev?
#Bismuth starts some bounty projects, spread the word, more to come!
https://github.com/bismuthfoundation/Awesome-Bismuth/blob/master/Bounties.md

One is Python, the other one is Html/Js

[TheHas]

So for these shared masternode services, do you send your bismuth to an address you don't control to 'buy' a part of the masternode, and hope that the owner will provide you the correct payout amount for running that node? And do you also have to wait until all the 'seats' are full before payouts start?

Shared nodes are great but just want to make sure I (and everyone else) understand the possible risks before sending anything through.

- Sending the Bis to an address you don't control is a technical requirement. The alternative being running and maintaining a full HN yourself (10K bis).
I think it's the same for any shared masternode out there, be it bis or not.

- Hope that the owner will pay the correct amount: Why reputation is important. For bisafe, all the data is public (you can trace the bis flows, there is the list of all working balances, rewards will also be public, since they are public transactions), nothing is hidden, and it's run by me, also core Bis dev. If you don't trust me, you don't trust Bis. I think pickaxe also has a pretty good reputation in the crypto world.

- With Bisafe, you don't have to wait until all the seats are full to get your rewards. HNs are setup in advance when we see that non working balance within the week raises, so we can plan ahead.
Then on saturday, after the payouts have been issued, we lock the working balances for the next week. We keep some margin so we can "fill up" the potential missing HN collateral with our own funds (that is, we do not put all our bis into HNs so we have "free" bis to fill up yours. We can kinda get not all possible rewards so you can get yours).


I know that on crypto, you are guilty until proven innocent. But unless you have 10K bis and can run and maintain a HN yourself, this offers are a great way to go the easy way.

Some people even sent 20K, 30K and even more in the service, so they could run a HN themselve, but prefer not to bother with setup, hosting and maintenance.
It's a choice, and a matter of trust.

Thanks, great explanation. Yeah most node hosting services or shared nodes require sending coins to a particular address (but not all). The fact you're part of the core dev should definitely make people more comfortable and less concerned that you'll 'run off' with the collateral. Crypto is just one of those places where it is better to be on the cautious (or at least informed) side of things.

[EggdraSyl]

You're absolutely right!

== Unrelated:

Did you know?
The Hypernode scoring process - used by the reward contract - uses a variant of so called "Naive Bayes Classifier".
It's a well known method of categorization from multidimensional features space, competitive with more advanced methods such as neural networks.
It's used - for instance - in Spam detection or automatic medical diagnosis.
These classifiers are fast, scalable, and run in linear time.
The currently used variant is pretty raw and needs supervised params tuning, but we can expect the classifier to be more feature aware and independent with time.
7 different features are currently at play. Way more will come in future versions.

First rewards coming tomorrow Saturday, exact time still TBA.

[Mithksomenburk]

What do you check fistful when invest money in new project? I check team. Ethereum have the best team on crypto market. Anything else you need to hear?

[EggdraSyl]

What do you check fistful

Don't hurt yourself

[Toliver Ross]

I am glad that I invested in this business and I think it will only go up from here. If the team is able to bring what they've done so far im 100% sure this business is here to stay and really be one of the better ideas out there.

[kiddo]

I am glad that I invested in this business and I think it will only go up from here. If the team is able to bring what they've done so far im 100% sure this business is here to stay and really be one of the better ideas out there.

Good, if you bought in now when the prices are so low, I think you can't loose, now the Bismuth price is lower then one year back when they launched the coin. The devs are commited and they will deliver as they did all they said so far, the masternodes were launched in a record time even if they needed to be built from scratch, not a copy/paste from other project.

[Piston Honda]

BIS will be one of the better off coins once the bulls return.  Looking fwd to it!
HN seem to run well...BUT...can payout amounts not improve?? 

[Piston Honda]

So for these shared masternode services, do you send your bismuth to an address you don't control to 'buy' a part of the masternode, and hope that the owner will provide you the correct payout amount for running that node? And do you also have to wait until all the 'seats' are full before payouts start?

Shared nodes are great but just want to make sure I (and everyone else) understand the possible risks before sending anything through.

- Sending the Bis to an address you don't control is a technical requirement. The alternative being running and maintaining a full HN yourself (10K bis).
I think it's the same for any shared masternode out there, be it bis or not.

- Hope that the owner will pay the correct amount: Why reputation is important. For bisafe, all the data is public (you can trace the bis flows, there is the list of all working balances, rewards will also be public, since they are public transactions), nothing is hidden, and it's run by me, also core Bis dev. If you don't trust me, you don't trust Bis. I think pickaxe also has a pretty good reputation in the crypto world.

- With Bisafe, you don't have to wait until all the seats are full to get your rewards. HNs are setup in advance when we see that non working balance within the week raises, so we can plan ahead.
Then on saturday, after the payouts have been issued, we lock the working balances for the next week. We keep some margin so we can "fill up" the potential missing HN collateral with our own funds (that is, we do not put all our bis into HNs so we have "free" bis to fill up yours. We can kinda get not all possible rewards so you can get yours).


I know that on crypto, you are guilty until proven innocent. But unless you have 10K bis and can run and maintain a HN yourself, this offers are a great way to go the easy way.

Some people even sent 20K, 30K and even more in the service, so they could run a HN themselve, but prefer not to bother with setup, hosting and maintenance.
It's a choice, and a matter of trust.

[sokuyaku]

The business is still new and we can still expect more new updates and developments from the team. But they should be more active so that possible serious investors will join the project.

[EggdraSyl]

Required Hypernode update, with some slick features

https://github.com/bismuthfoundation/Bismuth-FAQ/blob/master/Hypernodes/HN_PreRelease_0-0-95.md


You can track the Hypernodes status on https://hypernodes.bismuth.live/?page_id=163

[EggdraSyl]

Python enters the TIOBE index Top 3

https://www.tiobe.com/tiobe-index/

"Python is becoming increasingly ubiquitous. It is already the first choice at universities and is now also conquering the industrial world"

The TIOBE Programming Community index is an indicator of the popularity of programming languages. The ratings are based on the number of skilled engineers world-wide, courses and third party vendors.

[vv181]

Python enters the TIOBE index Top 3

https://www.tiobe.com/tiobe-index/

"Python is becoming increasingly ubiquitous. It is already the first choice at universities and is now also conquering the industrial world"

The TIOBE Programming Community index is an indicator of the popularity of programming languages. The ratings are based on the number of skilled engineers world-wide, courses and third party vendors.

Python is getting in the top tier of programming index, soon Bismuth too will enter the top tier of Coinmarketcap index . Time will tell. We just need to sit down patiently and keep accumulating Bismuth while its cheap.