[ANN] [SFR] SaffronCoin | Latest Version - 1.4.2/2.6.2 | Mandatory Wallet Update

[saffroncoin]

Personally I don't know too many devs willing to take the time and answer questions and explains things as much as the saffron guys do. I do think Vald you are posing important questions, because others may feel like you do and do hope the answers being provided are offering some clarity. About the UI of the wallet, you seem like a design oriented person, you should design some layouts and send them to the devs, help them improve their product The goal is to make crypto ever better and we can only to this if they all come together to build something greater.

Yea that would help us and SFR users. We could have a look at some mock designs, let the community decide what to use and then we will code it.

I personally do not have good design sense. Lol. I am honest about it.

[1714950838]

1714950838

[saffroncoin]

This whole discussion is somewhat odd to me, since we are talking about peripheral services and not the blockchain or PoW network itself.  The Saffron guys are trying to do it "in-house" and create an intergrated ecosystem around their coin. Bitcoin have thousands of companies creating centralized products that use bitcoin as their backbone.

We are talking about built-in peripheral services that are endorsed by the devs you will find no such thing done by the active developers of BTC. I think this opens up a massive can of worms.

Totally agree with you that crypto shoul dbe decentralized and distributed but thats is for the blockchain and network itself, the services and tools using the blockchain is a completelly different story. Maybe etherium? is attempting to created everyhting via the blockchain but idk. Crypto is the currency but the products/apps/services using it like I said is a different animal entirely as far as I see it. This is my take.  

Ethereum is awesome, but it's never put alongside Bitcoin-QT and made interchangeable.

I know SFR has a classic wallet which doesn't have these vulnerabilities, but the 'integrated wallet' for SFR different than Ethereum, not only because the latter has significantly more pressure and security than the former (As well as real names attached), but because it is decentralized to the same degree as Bitcoin-QT. (AFAIK, I'm not TOO familiar with Ethereum)

I know who they are, I'll hunt them down if ever lol (kidding). From my observations, this hands off approach dev typically take I feel is what has precisely been preventing cryptos from acheiving more than what they have done so far. I know it seems counter to the crypto culture but at some point the prevailing dev strategy needs to evolve and i have been a proponent of pushing further into the realm of allowing/advising the devs to create an intergrated platform.. because lets face it other than bitcoin, there are no companies that will step in and do it so how can a coin possibly build from nothing? relying solely on the blockchain etc is a mistake, if you want adoption by mainstreet, the gen public you have to build the infrastructure, build services that are easy to use, are compelling etc to reduce friction for adoption etc. As these are peripheral services that sit on top of the blockchain and are not intergral to the blockchain itself they are therefor optional. The devs are steadfast in this that they are added layers but are OPTIONAL. should someone be uncomfortable with them, no problem, the classic wallet will always have the core wallet/network without the added feature. At that point, it become a user CHOICE and are not forced into anything.

I was just saying that the devs should not be so behind opening up your system to external parties, but you are correct. If the devs don't build it at this point, no one will. It is too early and not adopted enough. So my criticism was unfair.

If you have knowledge on networks, there are two types of requests, GET and POST. The exchange data is a publicly available API which uses GET request.
In a GET request, no info is given but only retrieved. Users are not "connecting" to the price check or the "explorer". All these are GET requests and loaded directly from the appropriate websites.
Every feature that downloads content from the Web, has an independant container. Example, the price check and explorer.
The beauty of implementing such a technology is in case for example the Bittrex exchange is hacked, and some malicious code enters into the exchange API. Even though your wallet is accessing that API, that malicious code cannot affect the entire wallet or the system unlike a web browser that can install extensions infecting your entire computer.

All containers are independant. We are not saying this is 100% secure. Nothing in the world is 100% secure. If your system has access to the outside network, there are many ways it can get affected. We are just trying to increase the security as much as we can.

Independent containers increase security. The same can happen to a block explorer. But these are all one-way displays. So it wouldn't matter.
Also phishing attack is negligible. Because we embed the website in the code.
For example to display the block explorer, we embedded the explorer's website url into the code so a fake url can't be shown to you. But then someone can hack the block explorer website and display some other content. But the users security is in place since no info of their's is given out since all this is a GET request.
If you are worried about coins being lost, nothing of this can happen because all are independent containers. The malicious code CANNOT have access to your wallet.

How are you getting the block explorer information via GET..? I'm pretty sure that's not possible considering its size. Can you link me to that part on github?

I do not know much about networks, I am reading more now.

Is it always one way though? What if a command to download and external files is send along with other display data? It's 'good game' from there.

Personally I don't know too many devs willing to take the time and answer questions and explains things as much as the saffron guys do. I do think Vald you are posing important questions, because others may feel like you do and do hope the answers being provided are offering some clarity. About the UI of the wallet, you seem like a design oriented person, you should design some layouts and send them to the devs, help them improve their product. The goal is to make crypto ever better and we can only to this if we all come together to build something greater.

Hmm, okay, sure, why not.

explorer.saffroncoin.com is the explorer. This URL is embedded in the code. The block explorer is not downloaded into the wallet. That would bloat the wallet! Everything is dynamic. It is like you are using a mini-browser. This may sound confusing because we are the only wallet to implement the Webkit technology.
Bitcoin Qt wallets do not support webkit technology out of the box and it is very difficult to implement. If you research on qt5 webkit, you will notice that many people consider it as a pain since it is very difficult to successfully implement it and requires a lot of dependencies. But we wanted to have this technology into the wallet since this would make the wallet more "lively" and would make us stand out from the rest since we are the only coin that have implemented qt5 webkit. We are able to implement true GUI stuff into the wallet. It took us 2 weeks to have this successfully implemented and work as desired.

As i said earlier, if a malicious code affects the GET data, the wallet is safe since we are using independent containers called QWebView. You can research on this. These containers only display data and do not affect the running of the other parts of the wallet. Let's say if the block explorer website explorer.saffroncoin.com is hacked and the page is changed to something else, you can only see from your wallet that the page is showing some other content. But the hacker cannot access your wallet since he/she is dealing directly with the website not your wallet. A QWebView container only acts as an "interface" between you and the website so whatever happens on the website remains there.

[saffroncoin]

This is a basic Roadmap outlining SaffronCoin's tasks in the nearest future:

- Expand the POOF! system to include self destroying voice messages. This provides even more anonymity and privacy since your message can't be copied but just heard!

- Implement SFRMS SMS alerts for transactions in most countries. (Current SFRMS has only Email alerts).

- Setup a community fund. A donation address moderated by the community to progress developments of the coin.

- Implement optional "Stealth Addresses" to send anonymous transactions. At the same time, the community will discuss on the coin supply.

- The same Devs that brought you SaffronCoin will develop an exchange named cryptoxindia.com to trade SFR and other coins in fiat such as INR, USD, EUR. India does not have a multi-crypto exchange so this will be the first.

- Could be teaming up with Unocoin, India's biggest BTC only exchange to co-develop cryptoxindia.com and help promote cryptos in countries that are not exposed much to crypto-currencies.


***If you would like to add anything, please let me know so we all can discuss it and i can update the list. Remember these are short term goals about 4-10 weeks.***

P.S. Some of you might know about a long term goal we have planned. But i would like to mention this for those that do not know. This could take more than a year depending on the success of SFR. We want to include BTC as well as SFR ATMs in India. There is no such thing in India. After some months, we would make a proposal to the Govt. to look into cryptos and its benefits. This would greatly benefit the crypto community!

[lin0sspice]

Let me make it easier for you .
If you think new wallet feature is not secure use the classic wallet.

People want to use its feature, then use the new wallet.

Then move on.

There is nothing wrong with it wallet or blockchain.

Just some fancy UI dev want to included. Not hurt anyone.

Just move on to the final wallet.

I love its feature anyway.

[cryptoholic11]

Nice roadmap! How about Android wallet?

[lin0sspice]

I want iOS wallet also

There is no one makes iOS wallet ?

SFR can be the first ?

[charles33200]

Nice roadmap! How about Android wallet?

Great idea !

I'll try to do that

[cryptoholic11]

Nice roadmap! How about Android wallet?

Great idea !

I'll try to do that

Sounds awesome!

[saffroncoin]

Nice roadmap! How about Android wallet?

Great idea !

I'll try to do that

Wow Charles you know a lot of stuff! Let's have both the versions for the IOS wallet. POOF would be even more awesome in mobile!

[hughjays77]

Dev,

Please dont forget my suggestion for a counterparty protocol using the existing Saffron blockchain that will allow 3rd party financial instruments[ commercial & private] to be created. Its complicated stuff but Wall street money is starting to move into alternative crypto's and I believe this feature will put Saffron in the top 5. If SFR is targeted by even a small hedge fund using just 1% of their assets then 0.1btc per SFR is NOT out of the question! 




quote author=hughjays77 link=topic=586320.msg7595659#msg7595659 date=1404118557]
This is one of the hardest working Dev's in the business. We have had our issues in the past but no matter what I for one can vouch for his honest, integrity and work ethic. He will listen to the community and not rest[sleep] until issues are 100% resolved. Many new features are in store for Saffroncoin but I think the POOF system, prospective Unocoin deal and possible ALTcoin exchange are the biggest upcoming features. Anonymity has also been postulated but I think Saffron should also consider a deal with XCP [Counterpartycoin] protocol that allows an 'Asset Creating' protocol to be overlaid on the existing Saffroncoin blockchain. I'm not going to pretend to understand the entire system but it would allow existing SAffroncoin addresses to store another coin called say SaffronCounterparty that could be used for personals loans, financial instruments, casino games, peer to peer finance, etc. I think a new wallet would be required but the blockchain would remain the same and one's existing saffroncoin address would be used for transfers. Saffroncoin would have be 'burned' for SaffronCounterparty

Here is an example of XCP Counterparty coin that works over the Bitcoin protocol. It would be the same for SaffronCounterparty.

Here are some examples:

https://dl.dropboxusercontent.com/u/20787619/Clients/Betxcp/Round%2006/Chart-04.jpg
https://docs.google.com/presentation/d/17sfPIBmSDacbUpVAImgPdCWwyFm9yOgaTzcEuXJwIQE/edit



Best, Hugh




[/quote]

[vipin.khatri20]

Coin viking I think 180 secs will be too slow, In fact I was about to say reduce block reward  by 75%  and block time by 50%( only if its possible and viable option).  But yeah supply is too much and network can be secured by the POS as well by just opening as well. There are so many coins now that even 50 million looks so high that nobody will buy it for more. It is an disadvantage for any coin to constantly increase supply, We can also use some formula in which difficulty will be inversely related to supply, so more the difficulty and lesser the coins, with maximum per day to half less than current supply. We can also reduce the total supply. Lets start the discussion with community, whatever everybody decides we can go ahead with that.

[lin0sspice]

MAKE it down to 55 millions coin then POS
9-12% POS to secure the network.

block time 60-120secs is better.
People like fast and that easy for mobile use as payment option also.

[m4xp0w3r7]

this coin just looking better and better, great dev

[mo]

dev,You can give me some coin to test wallet

[saffroncoin]

Dev,

Please dont forget my suggestion for a counterparty protocol using the existing Saffron blockchain that will allow 3rd party financial instruments[ commercial & private] to be created. Its complicated stuff but Wall street money is starting to move into alternative crypto's and I believe this feature will put Saffron in the top 5. If SFR is targeted by even a small hedge fund using just 1% of their assets then 0.1btc per SFR is NOT out of the question!  




quote author=hughjays77 link=topic=586320.msg7595659#msg7595659 date=1404118557]
This is one of the hardest working Dev's in the business. We have had our issues in the past but no matter what I for one can vouch for his honest, integrity and work ethic. He will listen to the community and not rest[sleep] until issues are 100% resolved. Many new features are in store for Saffroncoin but I think the POOF system, prospective Unocoin deal and possible ALTcoin exchange are the biggest upcoming features. Anonymity has also been postulated but I think Saffron should also consider a deal with XCP [Counterpartycoin] protocol that allows an 'Asset Creating' protocol to be overlaid on the existing Saffroncoin blockchain. I'm not going to pretend to understand the entire system but it would allow existing SAffroncoin addresses to store another coin called say SaffronCounterparty that could be used for personals loans, financial instruments, casino games, peer to peer finance, etc. I think a new wallet would be required but the blockchain would remain the same and one's existing saffroncoin address would be used for transfers. Saffroncoin would have be 'burned' for SaffronCounterparty

Here is an example of XCP Counterparty coin that works over the Bitcoin protocol. It would be the same for SaffronCounterparty.

Here are some examples:

https://dl.dropboxusercontent.com/u/20787619/Clients/Betxcp/Round%2006/Chart-04.jpg
https://docs.google.com/presentation/d/17sfPIBmSDacbUpVAImgPdCWwyFm9yOgaTzcEuXJwIQE/edit



Best, Hugh

Yes Hugh but that would be more of medium term since we need to study that properly. Also counterparty would have to consider working with us. That could take time. But yes that is definitely on the plate.

[Equate]

Nice roadmap! How about Android wallet?

Great idea !

I'll try to do that

Wow Charles you know a lot of stuff! Let's have both the versions for the IOS wallet. POOF would be even more awesome in mobile!

yeah , both android and iOS wallets would be great.

[vipin.khatri20]

MAKE it down to 55 millions coin then POS
9-12% POS to secure the network.

block time 60-120secs is better.
People like fast and that easy for mobile use as payment option also.

It will not be a good idea to make it full POS but yeah POS can be added on top of it with a very low rate of interest say for example between 2-5 % per year. But the reduced supply could be structured in a way that it takes more than 100 years to mine the remaining coins.

[vipin.khatri20]

Just noticed an interesting thing in Vertcoin "Stealth address implementation announcement thread". People are complaining about the reward structure and block halving there. Vertcoin has about only 6 million coins in circulation in "six months" time period. Currently about only 576 vertcoins are minted daily, which amount to about 0.3 BTC dumping per day and people are still upset about it. They are saying that devs are too ignorant to change block halving which is currently  4 years.  SFR has total 110 million coins , approximately 70k coins are minted daily and at current prices it amounts to around 0.5 BTC. That is way more than VTC. The point is to draw interest of investors we need to do something sooner about the supply and reward system, so that miners dumping don't affect the price. Price is the main thing that investors are interested in as if they are loosing money in their investment, they will never invest.

[saffroncoin]

Just noticed an interesting thing in Vertcoin "Stealth address implementation announcement thread". People are complaining about the reward structure and block halving there. Vertcoin has about only 6 million coins in circulation in "six months" time period. Currently about only 576 vertcoins are minted daily, which amount to about 0.3 BTC dumping per day and people are still upset about it. They are saying that devs are too ignorant to change block halving which is currently  4 years.  SFR has total 110 million coins , approximately 70k coins are minted daily and at current prices it amounts to around 0.5 BTC. That is way more than VTC. The point is to draw interest of investors we need to do something sooner about the supply and reward system, so that miners dumping don't affect the price. Price is the main thing that investors are interested in as if they are loosing money in their investment, they will never invest.

Yea we will definitely decrease daily supply from 70k to about 40-45k. Anything more than will affect the coin's stability and it is not technically supported and it will end up becoming a new coin entirely. We need to include another hardfork feature mostly "optional" stealth addresses. We need to calculate the development time needed for that feature. If it is quite high then we will undergo a hardfork just to reduce the coin supply. But we will do our best for the developments to happen fast.

[djnocide]

Just noticed an interesting thing in Vertcoin "Stealth address implementation announcement thread". People are complaining about the reward structure and block halving there. Vertcoin has about only 6 million coins in circulation in "six months" time period. Currently about only 576 vertcoins are minted daily, which amount to about 0.3 BTC dumping per day and people are still upset about it. They are saying that devs are too ignorant to change block halving which is currently  4 years.  SFR has total 110 million coins , approximately 70k coins are minted daily and at current prices it amounts to around 0.5 BTC. That is way more than VTC. The point is to draw interest of investors we need to do something sooner about the supply and reward system, so that miners dumping don't affect the price. Price is the main thing that investors are interested in as if they are loosing money in their investment, they will never invest.

it's suppose to be 28 800 VTC mined each day and a big part of those are mined by multipools dumping them after.
50 Vtc/ block, 2.5 mins/block