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Author Topic: [ANN] CREDITS - New Blockchain for financial industry [OFFICIAL THREAD]  (Read 24580 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (49 posts by 5 users deleted.)
buurraakk
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December 27, 2018, 09:01:42 AM
 #1781

Hello Guys! What will happen to CS erc20 tokens if etherium hardforks before the token swap?

Who cares.

Mainnet won’t release anytime soon anyway Smiley

Probably q4-19 earliest looking at the state of testnet.

Will probably drop to .004ETH this week.


Well, people who are holding CS would care for starters.   

Yeah, q4, don't make me laugh, you're not a developer, you haven't look at the code or tested the platform. So what that testnet is unstable right now?  It has all functions, all they have to do is stabilize it which surely won't take them long and then continue with optimizations while audits are cooking.

Sometimes I simply don't get this negativity from people...

Yeah exactly. Audits were the excuse

Red4sec audit took 4 months
Fpcomplete is still ongoing.
3 more are planned

And you think those 3 will finish their audits in 2 months?

Will take at least 6 months.

Dude, when red4sec was announced and afterwards the code went through a lot of iterations and each time new code had to be provided to Red4Sec, because at that time platform didn't have all functions, but this one has and remember that auditing security of a wallet is not the same as auditing security of a consensus algo.  Wallets won't take much time, as for the other components, they are already finished and just require optimizations. 3months will suffice for audit companies to finish security audit


What wallet?
You mean the two lines of java called an excuse of a wallet? XD

How is the testnet 3.4 going?
How long did it take for the network to fork and crash? 4 minutes?

Yeah the 1.3mtps internal speed test result sounds really reliable with a testnet that crashes after 4 minutes.

Dont think mainnet will launch anytime soon.
They made almost 0 progress with the testnet since the “private mainnet” bullshit.

I mean the wallet, the code of which you can find at Github, but, well, it's you who I'm talking to, so know that there's github available.

It can be considered reliable, cause nodes were spread across the globe, dude, and number of nodes is not that relevant for their performance, it's relevant for stable tps.

That's how real environment testing goes, you know, 2.x run stable for a month or so, but at that time it hadn't all features, so I assume once they added all of them, something triggers network to go down. They patch things, release it to public and see how network behaves. All I can see is some frustraded dude who got banned for being a jerk in the chat.

Just  don't pay attention to him, he's been rightfully banned from TG, now he came here to release his frustration.

“Banned” gimme a break.
Making a new telegram account takes less than a minute if I would care about joining their channel.

Just as foolproof as their consensus, which forks after 15 minutes of runtime lol.
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December 27, 2018, 09:03:41 AM
 #1782

I haven't been following credit for a long time, so has the token swap occurred, between CS erc20 into the CS token? Has the platform been launched?

Credits have recently released new version of their platform Testnet 3.4 and are going to make additional security audits, so the swap of tokens moved to Q1

Yeah did you know the .x stands for how many minutes the network was online?
When 3.5 comes out, it will last 5 minutes before forking lol.

Nothing to worry about, this is Testnet. Do you know its purpose?

Do you know what a “release candidate” is?
You know, that shit they launched in july.
They lied to you but you guys are still believing the crap they are putting out.

Testnet is buggy as shit.
Nobody knows the consensus mechanism.
Price is dumping everyday.

Yet you people keep holding on like you have gold lol.
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December 27, 2018, 09:08:52 AM
 #1783

Dude they are having issues with block propagation because their block times is under a second.
No way they are going to solve a fundamental problem in 2 months, AND develop everything else like wallet website etc

So all this promises about millions TPS was just a lie? A lot of such project promising huge TPS bu in fact have problem with simple things. This should be classified like a scam.

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December 27, 2018, 10:26:53 AM
 #1784

Dude they are having issues with block propagation because their block times is under a second.
No way they are going to solve a fundamental problem in 2 months, AND develop everything else like wallet website etc

So all this promises about millions TPS was just a lie? A lot of such project promising huge TPS bu in fact have problem with simple things. This should be classified like a scam.

They can achieve 1m tps, on nodes through virtual machines and vpn

The pointless internal test that was done on an old version, so thats utter bullshit.

Let's see whether v3.5 solves the forking issue.
Only way I see how is to increase blocktimes to at least couple of seconds, reducing the TPS to max 100ktps maybe


Or, of course, centralising the network on IBM hosted nodes, basically making credits a glorified database, aka Ripple
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December 27, 2018, 07:12:33 PM
 #1785

Any info from the team about when the patch for current version will come out?

No, no info for now, I think it's by the end of this week or 1st week of Jan.

Thanks, bud, I've heard we can play with web-wallet or something, haven't tried it myself, don't have much time for that these days.
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December 27, 2018, 07:23:10 PM
 #1786

Dude they are having issues with block propagation because their block times is under a second.
No way they are going to solve a fundamental problem in 2 months, AND develop everything else like wallet website etc

So all this promises about millions TPS was just a lie? A lot of such project promising huge TPS bu in fact have problem with simple things. This should be classified like a scam.

Not a lie, lol, they haven't taken back their claims for 1M tps and already achieved it, though with some optimizations for speed test during internal test, check it here.  If you don't trust any kind of internal tests, then just wait for the test with anyone able to participate, IMO it's likely to come some time during Jan or early Feb.
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December 27, 2018, 07:27:01 PM
 #1787

I haven't been following credit for a long time, so has the token swap occurred, between CS erc20 into the CS token? Has the platform been launched?

Credits have recently released new version of their platform Testnet 3.4 and are going to make additional security audits, so the swap of tokens moved to Q1

Yeah did you know the .x stands for how many minutes the network was online?
When 3.5 comes out, it will last 5 minutes before forking lol.

Nothing to worry about, this is Testnet. Do you know its purpose?

Agree, people still don't understand that it's still testnet with all features, though unstable. It's actually even better this way now that they give all releases with patches to public so they can test it in real environment, not an isolated one. Just let them work and they will make it come true.
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December 27, 2018, 09:20:31 PM
 #1788

I haven't been following credit for a long time, so has the token swap occurred, between CS erc20 into the CS token? Has the platform been launched?

Credits have recently released new version of their platform Testnet 3.4 and are going to make additional security audits, so the swap of tokens moved to Q1

Yeah did you know the .x stands for how many minutes the network was online?
When 3.5 comes out, it will last 5 minutes before forking lol.

Nothing to worry about, this is Testnet. Do you know its purpose?

Agree, people still don't understand that it's still testnet with all features, though unstable. It's actually even better this way now that they give all releases with patches to public so they can test it in real environment, not an isolated one. Just let them work and they will make it come true.

Apparently you dont get that the testnet has a fundamental problem.
The problem why ALL other chains are running at tps max 10k tps.
Its blocktimes.

The fact that it is applicable in the testnet suggest that cs team didnt know ablut this, lied in the internal test phase, and is now unable to solve this provlem (like all other chains).

Likely outcome will be lowering block times, decreasing tps, and basically being an eos look a like, or ripple look a like.
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December 27, 2018, 09:21:38 PM
 #1789

Oh and what about the LIE that they delayed due to audits.

Freking lied to your face

They delayed because they have no idea how to fix the forking issue and testnet is nowhere near completion.

THATS why they delayed in july, thats why they delayed in december, and they will delay in march also.
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December 28, 2018, 12:08:27 AM
 #1790

I haven't been following credit for a long time, so has the token swap occurred, between CS erc20 into the CS token? Has the platform been launched?

Credits have recently released new version of their platform Testnet 3.4 and are going to make additional security audits, so the swap of tokens moved to Q1

Yeah did you know the .x stands for how many minutes the network was online?
When 3.5 comes out, it will last 5 minutes before forking lol.

Nothing to worry about, this is Testnet. Do you know its purpose?

Yup, that's the whole purpose of it, give to public, they tear it apart, report to the team, team fixes it and the cycle repeats.
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December 28, 2018, 12:18:07 AM
 #1791

Dude they are having issues with block propagation because their block times is under a second.
No way they are going to solve a fundamental problem in 2 months, AND develop everything else like wallet website etc

So all this promises about millions TPS was just a lie? A lot of such project promising huge TPS bu in fact have problem with simple things. This should be classified like a scam.

Nah, Dectonn explained it to you briefly below. If you don't have any trust in the team and what they say, just wait for the external load test, more audits and when full source code will be published and then make a decision based on the results.
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December 28, 2018, 12:19:52 AM
 #1792

Any info from the team about when the patch for current version will come out?

No, no info for now, I think it's by the end of this week or 1st week of Jan.

Thanks, bud, I've heard we can play with web-wallet or something, haven't tried it myself, don't have much time for that these days.

np, I haven't tried it myself, don't like using the web-wallet, prefer the desktop one, so I'll just wait for the patches.
buurraakk
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December 28, 2018, 12:22:03 AM
 #1793

Dude they are having issues with block propagation because their block times is under a second.
No way they are going to solve a fundamental problem in 2 months, AND develop everything else like wallet website etc

So all this promises about millions TPS was just a lie? A lot of such project promising huge TPS bu in fact have problem with simple things. This should be classified like a scam.

Nah, Dectonn explained it to you briefly below. If you don't have any trust in the team and what they say, just wait for the external load test, more audits and when full source code will be published and then make a decision based on the results.

And when was that load test supposed to happen?

Oh yeah, last week lol.

Good luck waiting.

The external load test will never happen.
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December 28, 2018, 06:28:58 PM
 #1794

Any info from the team about when the patch for current version will come out?

No, no info for now, I think it's by the end of this week or 1st week of Jan.

Thanks, bud, I've heard we can play with web-wallet or something, haven't tried it myself, don't have much time for that these days.

np, I haven't tried it myself, don't like using the web-wallet, prefer the desktop one, so I'll just wait for the patches.

Thanks, I've heard testnet is up again, gonna give it a try today
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December 28, 2018, 06:31:55 PM
 #1795

So what are the next milestones for CS? Anyone's got any info or maybe someone from team can share with us?)

Like decentralization test, external test, audits, maybe some conferences, maybe even some info about patents?
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December 28, 2018, 06:55:05 PM
 #1796

Congratulations to Cs team by the way, Happy New Year, let devs have a good rest during holidays:)


https://twitter.com/creditscom/status/1078617942030462981
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December 29, 2018, 12:23:50 AM
 #1797

Any info from the team about when the patch for current version will come out?

No, no info for now, I think it's by the end of this week or 1st week of Jan.

Thanks, bud, I've heard we can play with web-wallet or something, haven't tried it myself, don't have much time for that these days.

np, I haven't tried it myself, don't like using the web-wallet, prefer the desktop one, so I'll just wait for the patches.

Thanks, I've heard testnet is up again, gonna give it a try today

Yup, I've already downlaoded it and seems working,  I've synced and running a node right now. Monitor sometimes freezes though and cathes up with the network later
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December 29, 2018, 12:29:22 AM
 #1798

So what are the next milestones for CS? Anyone's got any info or maybe someone from team can share with us?)

Like decentralization test, external test, audits, maybe some conferences, maybe even some info about patents?

I think the list looks like that or something similar:
1) Decentralization test
2) Load test with anyone able to participate
3)Hackathon
4)Paris Conference
Somewhere inbetween I think announcements about audits will follow and new iterations of testnet.
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December 29, 2018, 12:31:04 AM
 #1799

Congratulations to Cs team by the way, Happy New Year, let devs have a good rest during holidays:)


https://twitter.com/creditscom/status/1078617942030462981

Pretty good summary,  Congrats to Cs team, happy New Year and Merry Christmas on Jan 7th:)
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December 29, 2018, 12:40:17 AM
 #1800

How can blockchain, and Credits in particular, help Healthcare industry? Maybe someone has any research from research companies or something similar?
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