[ANN] Circcash has been launched

[jvanname]

On Monday, I will contact McAfee Antivirus by phone about the software so that people don't have to use Ubuntu.

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[jardine]

So, what McAfee say? He was released from jail already?

[jvanname]

John McAfee does not like Circcash because he likes waste (if you saw clips of the Showtime documentary, you know what I am talking about, and you know why John McAfee should be in jail; if you do not know about these clips, then viewer discretion is advised), and Circcash is set out to not waste resources on a mining algorithm that is not designed to help solve some important scientific/technological problem. John McAfee likes Monero and he liked Bitcoin in the past because those cryptocurrencies produce enough waste computation for him.

John McAfee's former company that bears his last name looked into the executable file and has determined that it is not a virus. They made no recommendations about changes to the source code. Other anti-virus programs however may still consider Circcash to be a threat, so I may need to contact other anti-virus companies. Please let me know if any other type of anti-virus software thinks Circcash is malware.

[itismoney4me]

According to explorer, the block reward is increased to 10. when? why?

My bad! 8.75 reward + 1.25 dev fee

[jardine]

Any news about development, maybe?

[jvanname]

Right now my main concern is that a single entity has a majority of the mining power. We need more competition.

[lankymanx]

HI,

No exchange for this coin?

Only 1 mining pool  rplant.xyz

How does one mine and not have the option to take some coins ?

Thanks

[jvanname]

People have been trading Circcash on https://www.bitsails.com/ for over a month. This is the exchange that shows up if you go to google.com and search "Circcash exchange". I do not know why people still believe there are no Circcash exchanges and why they are recommending for me to apply for Circcash to be on an exchange that just got hacked.

[lankymanx]

HI, okay thank you very much , i must have not seen it in google when i first searched.
I will have a look and then help make everybody more aware also.

[LaaMos Seeth]

There are a few things that I want to do in the near future (this list is not exhaustive).

1. I need to contact anti-virus corporations to figure out why the Circcash Windows wallet executable is still quarantined by anti-virus software. When this problem is fixed, we can all start using an official Windows Circcash wallet.

2. Circcash is already listed on bitsails, but I will inquire about additional exchanges. Is it good for a new currency to be on multiple exchanges, or will the fact that Circcash is on multiple exchanges dilute the volume too much? Edited: One exchange that was recommended to me recently got hacked. I therefore cannot recommend any exchanges unless I know the inner workings of the exchange. I am certainly unwilling to pay anything to be on an exchange that could easily be hacked.

3. I want to create a second block explorer for Circcash (yes, there is already a block explorer. I just think it is a good idea for me to try making a different one myself since I am the core developer).

4. I need to add at least one checkpoint to the Circcash source code for security (this is listed as an issue on Github; a mining pool now has majority hash power, so I probably should have thought about doing this earlier; I am unsure of what to write for the time and total number of transactions, so please message me if you know what I should write for these entries in the source code). Checkpoints are good for relatively new cryptocurrencies.

5. I will probably conduct a little bit of cryptographic research into Laver table based cryptography when I have any spare time and/or computing power to do so. I am the only mathematician who has been working on the Laver tables recently, and Laver tables may be useful in cryptography (I want to remain up to speed on Laver tables).

May I ask you what you did for the last 3.5 months ?
I see no progress to be honest.

And you said that:

The online job that I was working on the the past few months is going away (no, I did not get fired.), so I should have much more time to work on Circcash.

But where is the result ?

[jvanname]

What kind of progress are you looking for?  Do you even know anything about reversible computation? Are you a holder of any Circcash?

[LaaMos Seeth]

Are you a holder of any Circcash?

Yes, I'm miner and holder.

Do you even know anything about reversible computation?

I've read the whitepaper, but I'm not technical specialist.

What kind of progress are you looking for?

Well, at least it:
- Official pool
- Official website (not that wordpress shit)
- Marketing and attracting community attention
- Official Roadmap
- Official explorer (you promised to make it 3.5 months ago)


What did you do for the development of your own project for these 3.5 months, except that you write nonsense in Telegram that Bitcoin is shit, the dollar is shit and so on.
What did you do ?

[jvanname]

Official pool-Ok. An official mining pool is not necessary and does not do much good. An official mining pool is a point of centralization. Right now, there is the RPlant mining pool which holds a majority of the Circcash hash power. Furthermore, the purpose of a mining pool is to reduce the variance in one's mining reward when the mining reward is very high and blocks are found very seldomly. Mining pools are kind of like an insurance for when you mine but by chance do not receive a block. Since the current block reward of 8.75 CIRCs is worth $0.07 (USD), it does not make much sense to have this sort of insurance for not receiving a few block rewards. Mining in pools also presents a risk. For example, on 3/2/2021, the RPlant mining pool was pretty much all day and Circcash went for hours without producing any new blocks. Instead of having a second mining pool, it is better for Circcash users to mine solo.

Official website (not that wordpress shit)-I appreciate the suggestion for something better.

Marketing and attracting community attention-I am planning to spend much of the development fund as a reward for Circcash users. For example (the rules and details still need to be fleshed out), if a user sets up a Circcash node, verifies his identity, and then signs a message in favor of Circcash using the Circcash wallet, then I will give a 100 CIRC reward for being a valued Circcash user.

Official Roadmap-https://github.com/jvanname/circcash/wiki/Goals-and-roadmap

In the most recent update to the roadmap, I mentioned plans on adding another layer on the Circcash protocol that will be in charge of voting so that Circcash does not have to split in two every time there is a need for an upgrade (hard fork). This voting layer will not disturb the underlying Circcash protocol until the community votes for a hard fork, so we do not need to implement a hard fork to add this layer. Furthermore, voting for a hard fork will only be possible once a majority of users have upgraded their nodes.

Official explorer-This would be nice, but there is already a block explorer.

I have spent most of my time researching multigenic Laver tables which may be used for cryptography (I am the only person in the world who has researched this), so I have not given Circcash as much attention as I could have. You can find some code for this research on my Github page. In any case, most of these features will cost money, and with Circcash at a price of 14 sats, I would rather just wait until the price of Circcash becomes more reasonable (I am waiting for more people to come to their senses) before I spend many CIRCs on advertising. In fact, if I spend the entire development fund of 292,993.39 CIRCs, then I would only spend $2,382 (actually less than that since selling coins depresses the price), and I am unwilling to spend any CIRCs at this low rate.

[jvanname]

So for a price of 14 sats/CIRC, core development of Circcash is not paid enough to do much of anything. If you want better services, then please pay more than 14 sats per CIRC.

[jardine]

As a summary: everybody (included dev) wants milk before the cow, but nobody (included dev) dont want to pay for cow.

[jvanname]

Fortunately cryptocurrencies are mostly self-sustaining, and many of the services (such as exchanges, mining pools, and block explorers) can be outsourced to entities who are good at making exchanges, mining pools, and block explorers. And right now, we really do not need any Circcash mining pools at all. Right now the main thing is for me to get Circcash listed on coinmarketcap.com or coingecko.com and to advertise Circcash.

[jardine]

Before advertise, i strongly advice to make some preparations for the better impact - make nice website, at least.

Either way, steam just go up in the air.

[jvanname]

A basic website just means that the price of Circcash is still low and that Circcash is a buyer's market. This is what you want. You want to buy low and sell high. You do not want to buy high and sell low.

[GAZK]

I would like to see circcash take off and that's not only because I'm holding some, but it seems like it could be a good thing.

Quite honestly, a lot of the whitepaper is over my head.  I'm not the only one.

I understand some of the feelings you have as reasons for doing things a certain way, but I think you might be missing another the other side of things.

You've said... "So for a price of 14 sats/CIRC, core development of Circcash is not paid enough to do much of anything. If you want better services, then please pay more than 14 sats per CIRC."

Saying that that comes off like either entitlement or you want to be paid before doing the work.  It seems like you are more like the latter and I don't think you feel entitled.  I just mentioned that because I can see your statement(s) being taken that way.  You may not actually feel either of those, but it does come across that way.

Either perception is a problem though.

You can get aggressive to those who mention that to you, but that isn't going to help.  It's only going to increase those feelings and alienate people.

If you want people to pay more than 14 sats for CIRC, then make it worth more than 14 sats to them.  I realize your goals are different from someone who may be mining it or buying/selling it.  We all have our own reasons and there is no right or wrong to that.  It just IS.

You can say how mining pools aren't needed and we shouldn't be mining that way.  You could be right, but don't try to make them feel bad because they asked the question or like to mine that way.

Pools, explorers and exchanges make coins worth more in the eyes of people who will mine it, buy/sell it, or hodl it.  You can tell me I shouldn't be using a pool, but that is the way I'm going to mine it.  I have a decent amount of CPU's that I mine on and I am absolutely not going to wallet mine on each one of them.  That would be a huge waste of my time.

Again, I realize I may not be the type of person you are aiming for, but myself and people like me are pretty much what you have at the moment.

How can you hope to attract lots and lots of people to mine this if they don't know about it or see many others taking an interest in it?

You say you want to get CIRC on coinmarketcap and such, but you aren't going to get there by being listed on one exchange that isn't tracked.

It would probably be beneficial if you could get word out about your project. I know you don't want to advertise without it being worth much yet, but how is it going to be worth much if no one knows about it?

[jvanname]

Thanks for the comments. As for the mining pools, I encourage people to mine solo since there is a security risk when everyone joins the same mining pool. For example, the RPlant mining pool was down for Circcash all day on March 2, 2020 and very few blocks were mined during this period. This blunder was probably a major factor in the decrease in the price of Circcash from 30 sats to 11 sats or so A second mining pool will alleviate some of these insecurities, but I still think it is best to mine solo. Of course, the only thing I can do is state my opinion about mining pools; I cannot pressure anyone into mining solo.

Exchanges also pose a security risk since they are often hacked, so I am not willing to endorse any exchange nor will I put any effort to get Circcash on different exchanges. I do not want to be responsible for Circcash being listed on an exchange if that exchange gets hacked, so I will not endorse any exchange. Exchanges also produce a different problem. If few people are buying or selling Circcash, then it will be unnecessarily difficult to buy or sell Circcash if it is on multiple exchanges especially if CIRCs are traded not just for BTC but also for all sorts of coins. This is not what we want. In order for it to make sense to have Circcash on several exchanges, the price of Circcash must increase first.

"How can you hope to attract lots and lots of people to mine this if they don't know about it or see many others taking an interest in it?"-The goal in purchasing a novel cryptocurrency is not to buy the most popular coin or the most hyped coin out there. The goal is to buy low and sell high. More specifically, the goal is to maximize the ratio "Price of the coin later"/"Price of the coin now". Circcash satisfies this goal since the price is currently extremely low, but Circcash is the best way of solving the most important scientific problem. All the issues that people seem to have with Circcash are a function of its low price; instead of taking an issue with Circcash having a low price, it is better to buy low and then sell high.