[ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue

[OcTradism]

Unfortunately, I could not decode the BGL Segwit address  and immediately at the first step got an error. I am not strong in the code to change it myself for bgl... addresses

Code:

Error: Invalid human-readable prefix, "bc" or "tb" expected

I did not say you can apply it for Bitgesell Segwit address. I shared that topic for Bitgesell developers and hope that they will look at it then develop something.

I know they have many priorities and this one can not be on top of their priorities. I only shared what I know and hope it is helpful for the team as well as the community. Maybe someone from the community can contribute something.

[1714517785]

1714517785

[1714517785]

1714517785

[1714517785]

1714517785

[my luck]

The 1st round of lottery has ended, congratulations to all the winners! Participate in the next round.

[SPQRCoin]

Why are there so many nodes with 0.1.1 version on the network? Why do the owners ignore the developer's requests? If the owner does not follow the development of the project, then need to remove them from the weekly nodes contest.

[vv181]

I just want to confirm that I received the BGL from the lottery reward whose run by @my luck Thanks!

If the owner does not follow the development of the project, then need to remove them from the weekly nodes contest.

I don't know why some users are still running older nodes versions, but I don't think forcing them/users to upgrade to the newer is a good idea, except there are some vulnerabilities. After all, the one who runs older nodes also still helps the networks, I don't think it good to remove them from the contest.

[my luck]

The 2nd Round of the weekly BGL coin draw has started

★☆★ $5 $15 $30 and $50 ★☆★

[vv181]

@EmmaWu

I just run the BGL node over Tor for a couple of days. I checked the hourly updated nodes lists website, but I can't see my node being listed there. Does the site updating the nodes that run over Tor? And does the node incentives program participating the nodes that run on Tor?

[my luck]

I just want to confirm that I received the BGL from the lottery reward whose run by @my luck Thanks!

If the owner does not follow the development of the project, then need to remove them from the weekly nodes contest.

I don't know why some users are still running older nodes versions, but I don't think forcing them/users to upgrade to the newer is a good idea, except there are some vulnerabilities. After all, the one who runs older nodes also still helps the networks, I don't think it good to remove them from the contest.

I'll add my 50 cents.
At the moment, 237 nodes are active in the network. I uploaded the data to excel, then sorted it and received such data:

• the number of nodes with version 0.1.1 that participate in the weekly nodes contest - 86 (36%)

Of these:

• location of Fort Lauderdale (WZ Communications Inc.) with an IP mask is 199.80.55.xxx - 19
• RU location (servers.ru hosting services) with an IP mask is 23.105.26.xxx - 10
• RU location (servers.ru hosting services) with an IP mask is 23.11.202.xxx - 20
• RU location (servers.ru hosting services) with an IP mask is 23.11.204.xxx - 23.11.206.xxx - 16

That is, in fact, 72 nodes out of 86 with the old version are concentrated on several VPS servers.

[EmmaWu]

@EmmaWu

I just run the BGL node over Tor for a couple of days. I checked the hourly updated nodes lists website, but I can't see my node being listed there. Does the site updating the nodes that run over Tor? And does the node incentives program participating the nodes that run on Tor?

The nodes running through Tor does not have IP address which is used in the scanner of the network peers. So unfortunately Tor nodes do not appear in BGL explorer stats or node contest. Same goes for many BTC utils with similar approach.



Congratulations to the winners of the node incentive program!
https://bglcontest.bitaps.com/nodes
2021-07-05
Total network nodes: 246
bgl1ql9yzngyu459gq5d6ewhhyfxp3ajchmlnucq5xf
bgl1qpt8fcu5rjlwvy9r6yshp4y4ucxf4zsll5fpdgz
bgl1qxw2krtxjdvlutuwrusuhp7mh8yrgafvhxqflea
bgl1q2v4zf9gtw9qx34j8c2xvzas6tjmjq9nd6dpx85
bgl1qetx5aclx3ge22gqns9mv2juj8rmm9fcjky60mu
bgl1qk7v986srwh6u7qy4zkj282cq6sc8vd6clhknmu
bgl1qts2m2mj2866e7ep6u237y2ett8jn4l5le03u9g
bgl1q0v4y7jchglqana3pkwx7s50k88tms48erf2cy0
bgl1qewf8g85y7apjehe7dnfy9r95t4vjpl7et6xnc2
bgl1qtsfwfhdlfz789uwvymdky06x6ye92htrf9peuz
bgl1q5rasf25nllug4hlk4jhqhp8y57t4ckw98cr95c
bgl1qnel5qqrzqahez6m35qaj9avysymcngdcc8mrra
bgl1qyhvl7h3xvjrhyqlnwtrtznfukvj8tpn3j6mquk
bgl1qckwfpqyk5ye5njul92vkkxwjmf7kpraje7m6zn
bgl1q3rs2tskwylnc7zq964ec2aehjqm5ycwn3c0vfe
bgl1qpau2ff7zu070fr3rgwjtrsd5jv4y0whsjcxg59
bgl1qux3rsswva957nvzpe6mq0rext2y34auhjj70t6
bgl1q3s7vywvcgzx4cwu09wzlcxzqacp0lzprc832f9
bgl1qkdhrra9rp7aw8wdse9tf584qngghuvqtceuzhh
bgl1qlf4vsqa2wdkshxazmluhem3gcea9zjtg3lzhve
The reward is 1350 BGL for everyone.

Congratulations to winner of the transaction contest!
block# 66677
2021-07-08 02:20
The address bgl1qv5ss3h7matzvgmx323xzjyc4dhkgrz3ja8fxdd (145241 transactions).
The reward is 6750 BGL

Reward txid is  2028d45bca9ecb309a8cc37de56862bc3862a0838dfcea7a1d03586559aaa3ff

[my luck]

I did not find information about how does work the process of burning 90% commission coins. At the time of writing this post, the number of coins burned is 47 694.46250556 BGL. Where are these coins stored? I didn't find an address with such a coin balance...

[vv181]

The nodes running through Tor does not have IP address which is used in the scanner of the network peers. So unfortunately Tor nodes do not appear in BGL explorer stats or node contest. Same goes for many BTC utils with similar approach.

I don't particularly understand about the "scanner of the network peers". Does it integrated within the whole BGL codebase or it's just the third-party apps like https://bglcontest.bitaps.com/nodes_list ?

As far as I know, there are Bitnodes, a site whose listed/crawl onion Bitcoin nodes.

[EmmaWu]

I did not find information about how does work the process of burning 90% commission coins. At the time of writing this post, the number of coins burned is 47 694.46250556 BGL. Where are these coins stored? I didn't find an address with such a coin balance...

On the first post it's stated
Block Reward = nFees*0.1 + GetBlockSubsidy()
it means that block reward (which is composed of coinbase tx for mining and sum of tx fees.
The burn is implemented in the code, it is not by transfer to some burning address, it's in the core logic itself (validation.cpp https://github.com/wu-emma/bitgesell/blob/64c24348f1ba8788fbffaf663b3df38d9b49a5d1/src/validation.cpp#L2161), you can check fees in a block and see that reward is 0.1 of those, so 0.9 are burned forever.


___________________________________________________________


Congratulations to the winners of the node incentive program!
https://bglcontest.bitaps.com/nodes
2021-07-12
Total network nodes: 238
bgl1qtv5s2rfdupxpynpp58d77myyh8hwv2932c95al
bgl1q5rcy283wmqjnqk7s0kcslxyjf70t0jtg28t07e
bgl1q5s4kwty0f3mt88tfqpk4kcg8ev5sjj4lswe9vy
bgl1qut2pyar0zqzydknvaylhvgqa5sadk5zejzzxax
bgl1qhs5nrzf8g3g85d2cvytgz5zsfd60fsdtdwthlk
bgl1qly3q33uhqcrhmjj55pk0f3maffnwcqufhj9czw
bgl1qtlpjfwk2vs4lqh3w2uwpk2al9r8yg0pgndw2rr
bgl1q5a0z6qnfeg0fcp25fgset2rg9hfxw4lpkjrc4p
bgl1qfrm60940ernfuu44kel9hwtu3lvygzxjkr5kmj
bgl1qtncte2jdapmnvnhftn5j2c0pc7yd5g5ckc7lyn
bgl1qchtvtjwjcnzp9hd0q32ae7q2gjmg06af9pcvwr
bgl1qanjuhh063jmdpc4lcska8l7enzr0z5v8d8grsf
bgl1qn5dxttjjml55eqvp6adp4rjxpk572rl8d4artw
bgl1q8fs72jg2tny7jsvhe2axd88jmvtu8j3ngxuunk
bgl1qfuyl5xjl67fsshqkldu6gatc9td3t727ksl89k
bgl1q0j2wp68ymw2ffehyr440gr0ypm03pjr6kuhdtp
bgl1qzcyg2v7wd0cggwgw2re0ea38j0fxpucv5q02sn
bgl1qc6u073ll4uxap89sy9l7nl9kg935zza0f2wcgm
bgl1q5rasf25nllug4hlk4jhqhp8y57t4ckw98cr95c
bgl1qskg4jnlyk6j7cfdyulsz2xvef5yn5yc3xcduf6
The reward is 1600 BGL for everyone.

Congratulations to winner of the transaction contest!
67685
2021-07-15 11:56
The address bgl1qv5ss3h7matzvgmx323xzjyc4dhkgrz3ja8fxdd (102029 transactions).
The reward is 8000 BGL

Reward txid is  64d186b4fdcd49e6410428d527c581aa46af4852cf0b3e392208cbaf1e723b80

[my luck]

There are less than a day left before the end of registration
in the 2nd Round of the Weekly Lottery

★☆★ $5 $15 $30 и $50 ★☆★

[gcf0z]

can i get 1 merit pls? i want to participate too! 

[Murat]

can i get 1 merit pls? i want to participate too! 

Sure! Happy to help newbies to increase their Rank!

[gcf0z]

can i get 1 merit pls? i want to participate too! 

Sure! Happy to help newbies to increase their Rank!

Thank you!!

[my luck]

can i get 1 merit pls? i want to participate too! 

Sure! Happy to help newbies to increase their Rank!

Thank you!!

Unfortunately, according to the terms of the lottery, your rank must be at least Member rank or above, or a Cooper Member. In addition, you specify the wrong data for participation.

Code:

Your forum link: https://bitcointalk.org/index.php?action=profile

[gcf0z]

can i get 1 merit pls? i want to participate too! 

Sure! Happy to help newbies to increase their Rank!

Thank you!!

Unfortunately, according to the terms of the lottery, your rank must be at least Member rank or above, or a Cooper Member. In addition, you specify the wrong data for participation.

Code:

Your forum link: https://bitcointalk.org/index.php?action=profile

ahh oops, sorry

[vv181]

I'm trying to follow the Taproot signaling block using this: https://bitcoin.stackexchange.com/a/105854. It should do the job right?

Currently, there is still no block signaling for Taproot, assuming the above method which is used by Bitcoin could be applied to BGL.

BGL-cli getblockchaininfo | jq '.softforks | .taproot'

Code:

{
  "type": "bip9",
  "bip9": {
    "status": "started",
    "bit": 2,
    "start_time": 1626307200,
    "timeout": 1629936000,
    "since": 67824,
    "statistics": {
      "period": 432,
      "threshold": 237,
      "elapsed": 299,
      "count": 0,
      "possible": false
    },
    "min_activation_height": 74574
  },
  "active": false
}

The awk script also returns no blocks of Taproot signaling.

I also fork the https://taproot.watch/ to match with the BGL taproot activation threshold.
https://github.com/vv181/fork-explorer/tree/BGL

[my luck]

Round 2 of the weekly BGL lottery has ended. The results can be found here.
Some statistics:

Round 1:

• participants - 23
• number of BGL blocks per round - 12

Winners:

• 3meek
• AlexLvov
• mandor
• vv181

Round 2:

• participants - 35
• number of BGL blocks per round - 10

Winners:

• vv181
• mandor
• CryptocurencyKing
• Furious 7

Two participants win prizes for the second time running. If it were not for the blockchain data as a result of the draw, I would say that this does not happen

[vanorton]

I'm trying to follow the Taproot signaling block using this: https://bitcoin.stackexchange.com/a/105854. It should do the job right?

Currently, there is still no block signaling for Taproot, assuming the above method which is used by Bitcoin could be applied to BGL.

BGL-cli getblockchaininfo | jq '.softforks | .taproot'

Code:

{
  "type": "bip9",
  "bip9": {
    "status": "started",
    "bit": 2,
    "start_time": 1626307200,
    "timeout": 1629936000,
    "since": 67824,
    "statistics": {
      "period": 432,
      "threshold": 237,
      "elapsed": 299,
      "count": 0,
      "possible": false
    },
    "min_activation_height": 74574
  },
  "active": false
}

The awk script also returns no blocks of Taproot signaling.

I also fork the https://taproot.watch/ to match with the BGL taproot activation threshold.
https://github.com/vv181/fork-explorer/tree/BGL

I received mention of successful upgrade of a pool where Stratum v2 is used, but two other pools (our most active ones) just yesterday gave feedback that getblocktemplate needs to be fixed, so would test it and fix asap, then ping the pools
Nice adapted taproot.watch screen btw!