[UNO] Unobtanium Info & Discussion - Merge Mine w/BTC! - Update NOW to qt 0.11.5

[CrystalSufir]

Tone's MA #53 - Bitcoin the Rock of Stability
https://www.youtube.com/watch?v=yqKl7RDPS7o

Unobtanium is mentioned: 31:42

[natmccoy]

Tone's MA #53 - Bitcoin the Rock of Stability
https://www.youtube.com/watch?v=yqKl7RDPS7o

Unobtanium is mentioned: 31:42

Question: Will some of the more limited supply altcoins like Unobtanium have value as collectibles in the future?

Answer: Unobtanium? Is that really an altcoin because I've never freaking heard of it. Hold on a second. Opens tab to research Unobtanium then immediately forgets about it. No, no they won't. Because what is securing that coin? There's no security in that altcoin.

My response: 10 PH/s is securing it, but you wouldn't know it's merge mined with bitcoin because you stopped researching it immediately after you opened the tab in order to advertise your $9,000 Casascius coin! FFS! Alright buddy, I'll be sure to share that clip in the future when UNO is highly valuable. We'll all get a good laugh.

[CrystalSufir]

10PH/s is a lot but does it really count when 79.7 % of last 1000 blocks were mined by one miner?
And there was 219 orphan blocks at 26 march 2017.  The technology is in progress, but is security in progress?

[natmccoy]

10PH/s is a lot but does it really count when 79.7 % of last 1000 blocks were mined by one miner?
And there was 219 orphan blocks at 26 march 2017.  The technology is in progress, but is security in progress?

I actually don't know, I've wondered about that before. If it's a mining pool then theoretically customers could migrate if an unsavory decision was being made. I'd guess that kind of majority creates a vulnerability to potential attacks by the pool operator? Maybe that's something we should all focus on, improving mining pool hash distribution.

I have also spoken about raising the minimum block reward from 0.0001 to 0.001 (if it drops below 0.001 at the millionths block, which I haven't been totally convinced that it will). Such a low reward (0.0001/block, ~0.05 UNO/day, 1/20th of what it is now) may make hashrate distribution even worse. In the telegraph app recently it seemed like 3 of 3 people said if it goes to 0.0001 we should keep it there. I'm of the opinion that we should wait and see, but reconsider if hashrate &/or distribution falters significantly.

I'm also not sure about orphan blocks, can anyone comment on that? Is it a problem? IIUC, it's about UNO's somewhat fast block generation rate (3 minutes) coupled with the sometimes significant shifts in hashrate (with the coin ranging from about 1-10 PH/s lately). I suppose it is "inefficient", but it doesn't seem to cause any significant issues.

[CrystalSufir]

Raising the minimum block reward is SIMPLY STUPID. What makes you unconvinced about block reward?
Let's assume that price will be also 20x higher, to archieve that goal unobtanium community have 4 halvings on horizon and 29 months.

[learminer]

Since you were wondering wether or not it was a typo Nat, this is from the UNO sourcecode:

[CrystalSufir]

right now it's: 0.00195312  per block
after halving:  0.00097656
after halving:  0.00048828
after halving:  0.00024414
after halving:  0.00012207
after halving:  0.00001000
The last halving seems not a halving.
0.0048 Uno per day.

[natmccoy]

Since you were wondering wether or not it was a typo Nat, this is from the UNO sourcecode:

Ahh, thank you Learnminer! This is the answer I've been trying to get for some time.

I understand why people are opposed to raising the minimum block reward. I've even said in the past that I'm in support of UNO development as long as it doesn't touch the maximum coin count or the block reward. I was just thrown off that people had been saying '250 years to mine!' for years, then when I ran the calculation it was 2,500 years.

I'll shut up about it (other than celebrating halvings) unless we run into related problems that may be caused by the 0.0001 reward.

Edit: Oh, 0.00001  

That's even lower than I was thinking, so actually there is a typo on the website, just not in the direction I was thinking. So it's ~25,000 years to reach completion? Well like I said, we'll see what the hashrate and hashrate distribution looks like at that reward level.

Be sure to fix that part of unobtanium.uno Learnminer: "finishing with a minimum subsidy of .0001 after 15 halvings."

[natmccoy]

after halving:  0.00012207
after halving:  0.00001000
The last halving seems not a halving.

Ya... It should go 0.00012207 > 0.00006103 > 0.00003052 > 0.00001526 > 0.00001000

Maybe there's a typo in the source code and they meant to code for a 0.0001 minimum?  

[learminer]

My bad, I was looking in the wrong repo (the launch one from 2013), it was a typo and has since been fixed! Current repo:

[FallingKnife]

UNO is at 9 PHS right now.

For the record, here's UNO's position on coinmarketcap's currency list at this moment.






This rally is approaching Wolong territory in marketcap.

In terms of longevity, it's exceeding Wolong's stamina.

Will $20 UNO soon be the new normal?

[FallingKnife]

The UNO forum at Cryptocointalk.com has a great new look. Check it out.

https://cryptocurrencytalk.com/forum/2423-unobtanium-uno/

Cross posting to cryptocointalk, reddit, twitter, is encouraged. Help UNO expand its community.

[cragv]

Hi all, it's been a while but I'm still around. Today I come to you in need of a little help! I have 149kg in a Cryptapus paper wallet from Dec 2014 that I'd like to import. I'm having a problem importing the private key to my updated and current UNO Bluechist wallet, which itself holds more UNO correctly and without error.

Someone else had this problem in 2015:

When trying to import a private key in Bitcoin core v0.10.0rc1 I'm getting:

Invalid private key encoding (code -5)

Address was generated at Blockchain.info.

I'm trying to import the address with:

Code:

importprivkey yourPrivateKeyInWalletImportFormat "TheLabelThatIWant"

As described here: https://en.bitcoin.it/wiki/How_to_import_private_keys_v7%2B

Blazr came to the rescue...

I have two keys to import, one starts with 'D' the other with 'C', same error with both.

Your private keys aren't in Wallet Import Format, they are base58 which doesn't work with Bitcoin Core.

On blockchain.info, go to import/export > export unencrypted and on the dropdown "select private key format" select "Bitcoin-Qt Format". They should begin with 5, K or L.

I have no idea why blockchain.info uses base58 as the default format, they really should change that to WIF. Almost no clients use base58.

Like the OP there, it appears my private key is stored in unencrypted Base58 format (58 character private key, starts with '6') and I need to convert it to Bitcoin-qt format. Blazr's advice to the other poster seems to be just what I need to do - however, it appears Blockchain.info has now removed the Export tool from their wallet.

Is there anywhere else I can get my paper wallet address into the right format? Sincere thanks for anything you can suggest! -Craig

ps. cryptocointalk looks great! easy on the eyes

[learminer]

Like the OP there, it appears my private key is stored in unencrypted Base58 format (58 character private key, starts with '6') and I need to convert it to Bitcoin-qt format. Blazr's advice to the other poster seems to be just what I need to do - however, it appears Blockchain.info has now removed the Export tool from their wallet.

Is there anywhere else I can get my paper wallet address into the right format? Sincere thanks for anything you can suggest! -Craig

ps. cryptocointalk looks great! easy on the eyes

Hi craigv, maybe this Reddit post can help.

[cryptapus]

Hi all, it's been a while but I'm still around. Today I come to you in need of a little help! I have 149kg in a Cryptapus paper wallet from Dec 2014 that I'd like to import. I'm having a problem importing the private key to my updated and current UNO Bluechist wallet, which itself holds more UNO correctly and without error.

Someone else had this problem in 2015:

When trying to import a private key in Bitcoin core v0.10.0rc1 I'm getting:

Invalid private key encoding (code -5)

Address was generated at Blockchain.info.

I'm trying to import the address with:

Code:

importprivkey yourPrivateKeyInWalletImportFormat "TheLabelThatIWant"

As described here: https://en.bitcoin.it/wiki/How_to_import_private_keys_v7%2B

Blazr came to the rescue...

I have two keys to import, one starts with 'D' the other with 'C', same error with both.

Your private keys aren't in Wallet Import Format, they are base58 which doesn't work with Bitcoin Core.

On blockchain.info, go to import/export > export unencrypted and on the dropdown "select private key format" select "Bitcoin-Qt Format". They should begin with 5, K or L.

I have no idea why blockchain.info uses base58 as the default format, they really should change that to WIF. Almost no clients use base58.

Like the OP there, it appears my private key is stored in unencrypted Base58 format (58 character private key, starts with '6') and I need to convert it to Bitcoin-qt format. Blazr's advice to the other poster seems to be just what I need to do - however, it appears Blockchain.info has now removed the Export tool from their wallet.

Is there anywhere else I can get my paper wallet address into the right format? Sincere thanks for anything you can suggest! -Craig

ps. cryptocointalk looks great! easy on the eyes

Hi,

Please try to import the private key in Electrum_uno. It seems to usually do a good job picking the correct format... Also, what is the first character of the string of the private key? Don't post more than the first character obviously.

[four3200]

The UNO pool is a symptom of BTC.
The issue is the same for BTC.  UNO is just a microcosm.

If you blame UNO then you condemn BTC.  Visa Vera.

Main idea is competition between miners is good enough, and that it is not in the interest of the dominate pools to corrupt the integrity of the block chain.

UNO is rare.  And keeping up with the Jones.
UNO just holds its place in the continuum given all ships are rising in this tide.
BTC has grasped 'store of value' as its last straw.
UNO is that 'store of value' riding on BTC tech/network.
Seek stability, BTC still faces daily operation cost in the millions, UNO not so much, like $20/day.
'store of value' TITLE belongs to UNO.
(for the SHA256D network industry ... yes industry)

The question is is what happens on the downside?

Great to be a base pair!  Know your reserve capital, trade off and trade back in.


UNO proves itself on that downside cycle.

Also, very cool to notice the very wide range of prices depending on the coin trading against UNO.  Very cool.

[Craig Swalby]

The life of a revolutionary is... public.

Are UNO T-shirts still available?  I wanted to give credit to 51%attack for allowing me to buy the T-shirt for ~8 UNO, but I couldn't find anything on their site.  Maybe UNO Ts are like UNO crypto itself???

https://bitcointalk.org/index.php?topic=527500.3340

[cragv]

Big thanks to Learminer for his help here and in Telegram! For anyone else in future, he put me onto this git repository: https://github.com/bitcoinjs/bs58check (and suggested I download the github repo, make a new file (e.g. app.js) and then simply include the demo code from the github page).

...it appears my private key is stored in unencrypted Base58 format (58 character private key, starts with '6') and I need to convert it to Bitcoin-qt format.

Hi,

Please try to import the private key in Electrum_uno. It seems to usually do a good job picking the correct format... Also, what is the first character of the string of the private key? Don't post more than the first character obviously.

And my sincere thanks for checking in with this gem, cryptapus, I really appreciate it! I'd forgotten about Electrum_uno. It's been awhile since I've been in a crypto mindset. I'll absolutely give this a go if Learminer's method falls through (I've already made headway on that one, though won't get to finishing the process until I'm back at a computer later today. Big work weekend here! Thanks again

EDIT: cryptapus, THANK YOU!! I just did it by Sweeping the wallet and pasting its public key in the Address box and putting the private key in hexadecimal format in the Private Key box (after simply pasting it in base58 format didn't work) and FINALLY, I'm staring at the balance in the wallet! YES!! Thanks again guys.

EDIT 2: cryptapus, I can see the two transactions but the wallet is in 'watching mode':



How would I get this to an active mode so I can send the UNO to another address? I tried finding my way with the console but I'm struggling a bit, here. Thanks for any advice you can offer here. -C.

[cryptapus]

Big thanks to Learminer for his help here and in Telegram! For anyone else in future, he put me onto this git repository: https://github.com/bitcoinjs/bs58check (and suggested I download the github repo, make a new file (e.g. app.js) and then simply include the demo code from the github page).

...it appears my private key is stored in unencrypted Base58 format (58 character private key, starts with '6') and I need to convert it to Bitcoin-qt format.

Hi,

Please try to import the private key in Electrum_uno. It seems to usually do a good job picking the correct format... Also, what is the first character of the string of the private key? Don't post more than the first character obviously.

And my sincere thanks for checking in with this gem, cryptapus, I really appreciate it! I'd forgotten about Electrum_uno. It's been awhile since I've been in a crypto mindset. I'll absolutely give this a go if Learminer's method falls through (I've already made headway on that one, though won't get to finishing the process until I'm back at a computer later today. Big work weekend here! Thanks again

EDIT: cryptapus, THANK YOU!! I just did it by Sweeping the wallet and pasting its public key in the Address box and putting the private key in hexadecimal format in the Private Key box (after simply pasting it in base58 format didn't work) and FINALLY, I'm staring at the balance in the wallet! YES!! Thanks again guys.

EDIT 2: cryptapus, I can see the two transactions but the wallet is in 'watching mode':

...

How would I get this to an active mode so I can send the UNO to another address? I tried finding my way with the console but I'm struggling a bit, here. Thanks for any advice you can offer here. -C.

Ah, I think you probably imported your public key.... Try to create a new wallet and import the string of digits that begins with "6", I think that's your private key in base64 format. If that fails, go to the paperwallet generator and click on the "Wallet Details" tab. Then enter the "6" string in the box and "View Details". You can there get the private key in base58 WIF format (either compressed or not will work) that can be imported in either Qt or electrum.

Edit: you can tell if it's base64 format if it has any of these characters: "/+=O0I" Base58 is missing them and is used for WIF since these can be mistaken when writing them by hand.

[cragv]

Big thanks to Learminer for his help here and in Telegram! For anyone else in future, he put me onto this git repository: https://github.com/bitcoinjs/bs58check (and suggested I download the github repo, make a new file (e.g. app.js) and then simply include the demo code from the github page).

...it appears my private key is stored in unencrypted Base58 format (58 character private key, starts with '6') and I need to convert it to Bitcoin-qt format.

Hi,

Please try to import the private key in Electrum_uno. It seems to usually do a good job picking the correct format... Also, what is the first character of the string of the private key? Don't post more than the first character obviously.

And my sincere thanks for checking in with this gem, cryptapus, I really appreciate it! I'd forgotten about Electrum_uno. It's been awhile since I've been in a crypto mindset. I'll absolutely give this a go if Learminer's method falls through (I've already made headway on that one, though won't get to finishing the process until I'm back at a computer later today. Big work weekend here! Thanks again

EDIT: cryptapus, THANK YOU!! I just did it by Sweeping the wallet and pasting its public key in the Address box and putting the private key in hexadecimal format in the Private Key box (after simply pasting it in base58 format didn't work) and FINALLY, I'm staring at the balance in the wallet! YES!! Thanks again guys.

EDIT 2: cryptapus, I can see the two transactions but the wallet is in 'watching mode':

...

How would I get this to an active mode so I can send the UNO to another address? I tried finding my way with the console but I'm struggling a bit, here. Thanks for any advice you can offer here. -C.

Ah, I think you probably imported your public key.... Try to create a new wallet and import the string of digits that begins with "6", I think that's your private key in base64 format. If that fails, go to the paperwallet generator and click on the "Wallet Details" tab. Then enter the "6" string in the box and "View Details". You can there get the private key in base58 WIF format (either compressed or not will work) that can be imported in either Qt or electrum.

Edit: you can tell if it's base64 format if it has any of these characters: "/+=O0I" Base58 is missing them and is used for WIF since these can be mistaken when writing them by hand.

Heh, thank you I feel silly! Will give that a spin soon as I can this afternoon. Ta!