Hello Dear Friends!
Perhaps you could notice a rise of activity around BBR during last months. Here we must give credit to b4h4mu7 (https://bitcointalk.org/index.php?action=profile;u=898973) who put a lot of efforts in promoting and enlisting at exchange platforms. He is by far the biggest contributor to BBR and eventually starting his own project, which is great. I wish him success with it.
I have a bit different opinion on some aspects of this new project though. I have reviewed it’s repository and have a few thoughts to share. First, as I can see it’s a copy of ByteCoin and I want to stress that ByteCoin core is incompatible with BBR. Besides the question why is it called a BBR fork then, I would suggest to choose another codebase, e.g. Monero which has stronger developer community. Second, as steps to improve the BBR I would focus on implementing a database first. That is critically important. Third, I personally consider bitcoin cash style hard forks a bad approach in general. That inflates the capitalization of new coin out of nowhere, basically making it a bubble and spoiling the idea of cryptocurrencies itself.
Since we touched this topic I would like to make an early statement. The official announcement is on the way still, but we have big plans for BBR improvement quiet soon. We will bring database, hybrid POS/POW transactions verification, multisig and few other cool features to the project. I will keep you posted with updates, but we already have a strong development and marketing team and look forward to upcoming changes.
Zoidberg So for the non tech guys, what your saying is it would be better without the fork because the code that the new project is written in isn't going to be compatible? Hopefully you guys get the end user stuff worked out ie wallets and exchanges soon. IMO I think forks bring value/exposure to both assets and it gives those who believe in the underling technology a choice to invest in those with the best user outreach and consistency.
Bytecoin code was fully refactored in v2 so any work to migrate chain from Bytecoin v1 code (BBR/XMR/etc) requires extensive serialization and planning to become possible. Other CN projects have done this in the past, so it's not impossible, it just takes planning, time and energy to achieve.
That said, our team at Doubloon has had some discussions this week about a pivot towards a fully zero knowledge system which would make Doubloon the first of its kind with this technology. This new system requires us to forgo ring signature and stealth address based privacy in place of zero knowledge proofs. Rather than spend time on serialization towards a hardfork we decided we would rather launch Doubloon as a pioneer in this field of research as a new reference currency for the protocol and Itsuku mining algorithm.
Since we're not going to use the new ShortRingCCT research in Doubloon, it would be better suited to bring into Boolberry as a future milestone after Zoidberg brings in his planned features. As a holder of Boolberry, I can say this would be the best of both worlds. Zoidberg has some great features planned for Boolberry not present in any other CN currency, although the only drawback is none of these mentioned features improve upon privacy over Monero's RingCT system.
That said, it will be hard to compete with Monero in the privacy vertical if we don't have an
original privacy system that is superior to their system. It creates a unique value proposition over Monero on top of all Zoidberg's features for those who are looking to invest in the privacy vertical.
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Speaking purely from a value proposition perspective:
Monero's biggest strength is its perceived academic research. For the past 3 years it has dominated the Cryptonote space with proposals to improve upon its privacy. Aside from Zoidberg's privacy improvement, not one CN project has attempted to pioneer their own version of improvements to advance CN privacy. In my opinion, as someone who has been in the privacy vertical since 2013, we will need our own community pioneered privacy improvement not taken from Monero or any other currency project to be considered as a potential rival to Monero both as an innovator in the privacy vertical and in marketcap.
ShortRingCCT provides this mechanism and if you combine Zoidberg's unique features planned for Boolberry it's a win from every angle. All major decentralized currency projects have improvement proposal systems. Bitcoin has their BIP system where the community can propose new features and depending on the research behind them, consensus and impact it has on the network it either gets approved or doesn't get included. IMO, ShortRingCCT should be included in BBR as a future milestone after the major issues with the DB have been fixed:
a) because its a massive improvement to the ring signatures
b) because its a massive improvement to Confidential Transactions
c) it was developed by the
Boolberry community not Monero or Bitcoin.
d) it's backed up by real academic research by leading cryptographers
All that said, as a Boolberry holders my team and I will continue to support Boolberry and Zoidberg's efforts here. I believe this community will be stronger united vs divided between forks. Our marketing team has a vested interest in the growth of Boolberry, so they will continue with their plans to market this project to the general public. Nothing against Zoidberg's marketing guy but I know our guys will get results and in this space you need to be a proactive holder if you want to grow your investments. Relying on external forces for results will yield disappointment.
We now have a modern foundation to build the community through communication and organization. Although we do need more activity on the official Twitter and a developer presence on Reddit.
So don't forget to join the conversation! We now have a bridge that connects Riot to IRC, Slack, Telegram, Discord, etc so regardless of which platform you prefer, the conversation will broadcast to all channels.
Riot:
https://riot.im/app/#/room/#boolberry:matrix.orgTelegram:
http://t.me/boolberryDiscord:
https://discord.gg/4zVZkZrSlack:
https://boolberry.slack.comIRC:
http://chat.freenode.net/?channels=boolberry
