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Author Topic: [ANN][SIM] Simcoin - A Simple Coin  (Read 157046 times)
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NxtChg
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June 05, 2014, 07:27:28 AM

Dev, please could you give me some thoughts about handling/shrinking blockchain size?

Nobody reads OP?

Database format will be as compact as possible to help with "blockchain bloat". From the start the transaction history can be arbitrary truncated or even turned off completely!

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
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About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
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NxtChg
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June 05, 2014, 08:54:21 AM

Woo-hoo! I've just added a new account all the way from the client, through consensus of 4 nodes and into the ledger database in each one of them!

This is how it looked:



Humble beginnings Grin

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
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About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
SyRenity
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June 05, 2014, 09:26:17 AM



Humble beginnings Grin

What about a bit larger pic Smiley?
NxtChg
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June 05, 2014, 09:29:00 AM

What about a bit larger pic Smiley?

Nah, that's a good size Wink

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
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About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
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June 05, 2014, 09:46:59 AM

What about a bit larger pic Smiley?

Nah, that's a good size Wink

You're the most confusing developer ever. I suspect your game is to eventually make it look like you're scamming by being utterly preposterous in all the things you do and write.

Then I suspect the end game is to actually release an awesome new coin with unique fantastic features. Of course the release only comes when the investors are on the verge of defeat.

Smiley

Am I right?

On a more serious note. You said before that you may be using a consensus system similar to ripple in an effort to achieve instant transaction times. If this is the case why are you worried about other coins?

We can break up possible competitors into two main categories; existing coins and copy cat coins.

Copy cat coins shouldn't be a problem as long as you get at least 1000 early adoptors on board with the IPO.

Existing coins also shouldn't be a problem because if your solution involves that consensus tech it will most likely be quite difficult to port that over to a traditional blockchain based coin.
NxtChg
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June 05, 2014, 10:03:48 AM

I suspect your game is...

Shhhh! Be smart inside your own head Wink

On a more serious note. You said before that you may be using a consensus system similar to ripple in an effort to achieve instant transaction times. If this is the case why are you worried about other coins?

Well, for one, instant transactions is not such a killer feature in itself. In many cases users are quite alright with waiting 30 sec for confirmations. Besides, NXT might actually make something working, who knows, they have plans for "instant" transactions too. I am skeptical, but that doesn't mean they can't do it.

Copycats take all your work in an instant, so they immediately negate any technological lead you have. And investors don't mind jumping from coin to coin. How many here hold both NXT and NEM?

So with copycats, it's difficult to retain any lead you might have. Our species likes everything new just because it's new.

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
--
About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
NxtChg
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June 05, 2014, 10:46:09 AM

Here's a bigger picture for you Smiley



I've just copied current consensus mechanism into the simulator and this is the very first, unoptimised result on a rather "bad" network with "slow" nodes.

Look at the time! Under 1 sec, as promised Grin

(Might upload a video later, if I decide this is not too revealing...)

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
--
About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
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June 05, 2014, 11:14:19 AM

I suspect your game is...

Shhhh! Be smart inside your own head Wink

On a more serious note. You said before that you may be using a consensus system similar to ripple in an effort to achieve instant transaction times. If this is the case why are you worried about other coins?

Well, for one, instant transactions is not such a killer feature in itself. In many cases users are quite alright with waiting 30 sec for confirmations. Besides, NXT might actually make something working, who knows, they have plans for "instant" transactions too. I am skeptical, but that doesn't mean they can't do it.

Copycats take all your work in an instant, so they immediately negate any technological lead you have. And investors don't mind jumping from coin to coin. How many here hold both NXT and NEM?

So with copycats, it's difficult to retain any lead you might have. Our species likes everything new just because it's new.


Yepp, copycats won't have the right developer though. If you actually pull this off, you'll have name, game and a reputation.
Considering the attitude you showed up until now and how you handle the situation you're going to be a serious assett the original simcoin
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June 05, 2014, 01:08:59 PM

Here's a bigger picture for you Smiley



I've just copied current consensus mechanism into the simulator and this is the very first, unoptimised result on a rather "bad" network with "slow" nodes.

Look at the time! Under 1 sec, as promised Grin

(Might upload a video later, if I decide this is not too revealing...)

5% packets lost. Is that bad?

NxtChg
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June 05, 2014, 01:26:32 PM

5% packets lost. Is that bad?

This is a network parameter. Considering that we are talking links between servers, I'd say this is a pretty "bad" network. 50 msec jitter is not particularly nice either.

Also here all the nodes are randomly distributed across all continents, in reality they will be clustered much closer, many inside the same data centers with 1 Gbps links between them, so it will be significantly better.

To answer your question: the fact that it performs well under such adverse conditions is good.

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
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About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
Mrrr
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June 05, 2014, 02:26:59 PM

Here's a bigger picture for you Smiley



I've just copied current consensus mechanism into the simulator and this is the very first, unoptimised result on a rather "bad" network with "slow" nodes.

Look at the time! Under 1 sec, as promised Grin

(Might upload a video later, if I decide this is not too revealing...)

5% packets lost. Is that bad?

I see a node 500 miles south west off the coast of Cape Town. No islands in sight so I think NxtChg just accidentally gave away the location of his hidden subterranean headquarters.

EDIT: OT: As long as this is consistently at such high speeds it could be a thing. I remember a BTC block taking close to 1,5 hours last week which wasn't all that cool since I was in the middle of something.

burp...
NxtChg
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June 05, 2014, 02:30:12 PM

I see a node 500 miles south west off the coast of Cape Town. No islands in sight so I think NxtChg just accidentally gave away the location of his hidden subterranean headquarters.

That's where my boat is currently moored Smiley

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
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About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
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June 05, 2014, 03:17:18 PM

Here's a bigger picture for you Smiley



I've just copied current consensus mechanism into the simulator and this is the very first, unoptimised result on a rather "bad" network with "slow" nodes.

Look at the time! Under 1 sec, as promised Grin

(Might upload a video later, if I decide this is not too revealing...)

5% packets lost. Is that bad?

I see a node 500 miles south west off the coast of Cape Town. No islands in sight so I think NxtChg just accidentally gave away the location of his hidden subterranean headquarters.

EDIT: OT: As long as this is consistently at such high speeds it could be a thing. I remember a BTC block taking close to 1,5 hours last week which wasn't all that cool since I was in the middle of something.

The tentacle overload lies in eternal slumber beneath the waves.
Ph地glui mglw地afh NxtChg R値yeh wgah地agl fhtagn
NxtChg
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June 05, 2014, 03:21:17 PM

Wow, one of the first things BCNext released was also an address gen! Smiley

I created a small program for address generation.  https://mega.co.nz/#!94IETDZL!FRbFAnAi4uu4G5dh6HUSvmHfgK5GXKsh4NWdgY2avJ0
...
While you are waiting for the release you can try to generate a short memorable address Wink

Did not know that...

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
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About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
NxtChg
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June 05, 2014, 03:24:02 PM

Ph地glui mglw地afh NxtChg R値yeh wgah地agl fhtagn

I do not talk like that!

Well, maybe in my sleep... Wink

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
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About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
NxtChg
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June 05, 2014, 03:36:31 PM

I decided to use Ed25519 instead of the standard Java ECDSA.

More and more interesting... What happened along the way that made him switch to Curve25519 instead?

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
--
About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
NxtChg
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June 05, 2014, 06:35:56 PM

Simcoin distribution vs NXT:



Anybody knows why the top account owns 17%? Is it a special account or a really big whale? Currently it's more than 3 times off the chart...

With that huge account included the top 10 accounts owned 60.4% of all coins.

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
--
About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
TwinWinNerD
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June 05, 2014, 06:39:11 PM

Simcoin distribution vs NXT:

REMOVED THAT PICTURE

Anybody knows why the top account owns 17%? Is it a special account or a really big whale? Currently it's more than 3 times off the chart...

With that huge account included the top 10 accounts owned 60.4% of all coins.

The 17% account held the coins that were not claimed on the day of the launch. Basically investors that were not online and submitted a NXT address to BCnext. Most of them received their NXT in the following days.

NxtChg
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June 05, 2014, 07:32:49 PM

The 17% account held the coins that were not claimed on the day of the launch. Basically investors that were not online and submitted a NXT address to BCnext. Most of them received their NXT in the following days.

That's what I suspected...

I also like it when people quote pictures. What a nice way to say to all your readers: "See how little I care about you? Because I couldn't be bothered to spend 2 seconds to remove that pic, now each and every one of you have to skip over it, suckers!"

Very simple and effective, indeed.

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
--
About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
mladen00
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June 06, 2014, 06:44:53 AM

The site is up, transaction was very fast.

Dev, maybe you have date for coin launch?

aprox?

IOTA
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