[ANN] Mini-Bitcoin (MBTC) - Bitcoin made simple

[soldate]

English / Portuguese

WhatsApp https://chat.whatsapp.com/DVjTNFvuC6a81Q3vT4P1ay
Discord     https://discord.gg/bhN5kxd
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Twitter      https://twitter.com/1mbtc

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Just started mining.

https://github.com/soldate/mini-bitcoin

Bitcoin (Satoshi White Paper) made in pure Java.

Just 8 files. No external libraries, just java standard.

Java is the most used programming language. More than ten million programmers.

All of them are able to understand the code and help or creating clones from it.

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Enjoy.  

Why this new currency? What are the advantages?

In short:
- It is much more decentralized in terms of having more developers able to develop the currency
- It allows miner to create transactions for other people, join their money. Example: John has two outputs (5 and 6 bitcoins). The miner can create a tx to john join the 5 and 6 in one output of 11 bitcoins, decreasing UTXO space.
- "Human address". Your account/address is like 12345-6.
- The address is an Integer, a pointer to the publick key (about 4 billions of possible address). So, the tx is much smaller and can be a lot more of them in a 1 MB block, for instance.
- Im putting just one tx per address, per block. This limitation protected the nodes from flood and allow transactions without fees.

Its a simpler Bitcoin. Its a better Bitcoin.    

[1715134872]

1715134872

[1715134872]

1715134872

[1715134872]

1715134872

[daniel.roman]

Reserve

[daniel.roman]

let see where it goes, will be easier if you give details to mine more specific, for no tech people

[gameparadise007]

Hi,

When I start and turn verbosity to 3.
I keep getting below logs -

/2020-08-08 04:31:26: INFO: ...no new connection..handle the open channels..
2020-08-08 04:31:26: INFO: nothing to be read
2020-08-08 04:31:26: INFO: nothing to be read
2020-08-08 04:31:26: INFO: nothing to be read
2020-08-08 04:31:26: INFO: mining...
l2020-08-08 04:31:27: INFO: ...no new connection..handle the open channels..
2020-08-08 04:31:27: INFO: nothing to be read
2020-08-08 04:31:27: INFO: nothing to be read
2020-08-08 04:31:27: INFO: nothing to be read
2020-08-08 04:31:27: INFO: mining...

on local host the block count is also showing as 0, seems no blocks synchronized yet. How to fix this ?

[gameparadise007]

Looks like there is no seed node.
I started to mine in my own chain.

Hi, dev
Can you check.

[soldate]

sorry folks.. too many bugs 

if you want to mine, the easiest way is doing this

docker pull soldate/mbtc
docker run -it -p 10762:10762 -p 8080:8080 -v "${PWD}/data/keypair:/tmp/data/keypair" --rm soldate/mbtc


by the way, i already saw that i made a big mistake placing the transactions and not just a single hash (in bitcoin the merkle tree root) to be mine.

So, when the block size increases, mine is much more difficult. Mine empty blocks is really profit.

Well, i will fix this.. but its just to you know that we are at the beginning of the beginning of this currency.

We have just one seed node.

[sammyisking123]

There are still issues.
Everytime I mine few block and if I close and launch the docker app again, the block restart from 904.
So all the coins are lost.

[soldate]

There are still issues.
Everytime I mine few block and if I close and launch the docker app again, the block restart from 904.
So all the coins are lost.

yeah.. sorry.. i fix it just now. this 904 block has a really big transaction that made i realize about the bug that i mention.

[soldate]

Almost 1000 blocks!

https://github.com/soldate/mini-bitcoin#how-to-go---users

[Twinkledoe]

Another crap coin in the making using the name of bitcoin. Why would people still waste their resources for a project like this which is clearly have no reason to exist? How many projects have used the name of bitcoin, and abandoned after getting some money from gullible users?

[soldate]

Bitcoin was created in 2008 and only started to be worth something in 2011. At that time, it was considered trash. If you don't want to help, that's fine. But know that it is not easy to develop a cryptocurrency from scratch. Let's respect each other. I called it Mini Bitcoin because it was based on Satoshi's White-Paper, except Merkle-Tree. I also didn't write the scripting language. Anyway, I called it mini bitcoin because that's exactly what it is.
A simpler Bitcoin.

Another crap coin in the making using the name of bitcoin. Why would people still waste their resources for a project like this which is clearly have no reason to exist? How many projects have used the name of bitcoin, and abandoned after getting some money from gullible users?

[VVVTRADER]

What is the total number?How should I mine it?

[VVVTRADER]

You should write a tutorial, I didn't see how to mine it


How do I set my password?How do you keep a wallet?

[VVVTRADER]

*** Welcome to Mini-Bitcoin (MBTC)! ***
== Your Wallet ==
Balance: 25
Address: 4d43b-8

[soldate]

docker pull soldate/mbtc
docker run -it -p 10762:10762 -p 8080:8080 -v "${PWD}/data/keypair:/tmp/data/keypair" --rm soldate/mbtc

http://localhost:8080

http://localhost:8080/chain

height = 1055

What is the total number?How should I mine it?

[VVVTRADER]

docker pull soldate/mbtc
docker run -it -p 10762:10762 -p 8080:8080 -v "${PWD}/data/keypair:/tmp/data/keypair" --rm soldate/mbtc

http://localhost:8080

http://localhost:8080/chain

height = 1055

What is the total number?How should I mine it?

I woke up this morning and my wallet balance was gone, tried again and then all my accounts were gone and I had a new one.

[soldate]

sorry, i just implemented a "keep live" function, so if you lost connection you try to reconnect.

i also implemented a automatic git push of blocks and docker. so, if you give docker pull you will get the most update
version with all the blocks and start mining fast.

well, its a fresh new coin.. probably a lot of bugs still coming. each time less bugs, i hope.

docker pull soldate/mbtc
docker run -it -p 10762:10762 -p 8080:8080 -v "${PWD}/data/keypair:/tmp/data/keypair" --rm soldate/mbtc

http://localhost:8080

http://localhost:8080/chain

height = 1055

What is the total number?How should I mine it?

I woke up this morning and my wallet balance was gone, tried again and then all my accounts were gone and I had a new one.

[soldate]

if you run commands inside a folder

/temp

it will be created a /temp/data/keypair inside.

if then you run in a diferent folder, a new keypair will be create, otherwise it will use the same.

so, be sure that you run the commands inside the same folder (/temp) to use the same wallet/account/keypair.

I woke up this morning and my wallet balance was gone, tried again and then all my accounts were gone and I had a new one.

[VVVTRADER]

if you run commands inside a folder

/temp

it will be created a /temp/data/keypair inside.

if then you run in a diferent folder, a new keypair will be create, otherwise it will use the same.

so, be sure that you run the commands inside the same folder (/temp) to use the same wallet/account/keypair.

I woke up this morning and my wallet balance was gone, tried again and then all my accounts were gone and I had a new one.

Do you know the PINETWORK computer node?It is a bit like yours is also used "DOCKER", but it has a client operation is much more convenient, you this is too difficult.

[soldate]

How To GO

For the first time, do

git clone https://github.com/soldate/mini-bitcoin.git

Then

cd mini-bitcoin/
git pull
docker build -t mbtc .
docker run -it -p 10762:10762 -p 8080:8080 -v "${PWD}/data:/tmp/data" --rm mbtc

Go to http://localhost:8080