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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346458 times)
kasman5
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September 07, 2014, 09:59:07 PM
 #15641

Few questions I would like to put forward to James.

So can anybody create services on the SuperNet or are we stuck with just these ones Teleport, InstantDEX, Tradebots (NXTcoinsco), Privatebetwill.

Also where do the fees paid for these services go, is it like Bitshares where the people who own the shares get a dividend. Is there a limit on the dividend also?

every feature a supernet core coin has is useable for every coin linked with supernet. ( each coin can even choose what features to use or not )
teleport for example is a service of BTCD.

fees will go as dividends to supernet asset holders and to the supernet core coin community.

Cool.

What's the dividend payment going to be? 100% of the profit split amongst shareholders?

Trade bitcoin futures contracts with high leverage SmileySmiley Click HereSmiley
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jl777
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September 07, 2014, 10:10:43 PM
 #15642

Few questions I would like to put forward to James.

So can anybody create services on the SuperNet or are we stuck with just these ones Teleport, InstantDEX, Tradebots (NXTcoinsco), Privatebetwill.

Also where do the fees paid for these services go, is it like Bitshares where the people who own the shares get a dividend. Is there a limit on the dividend also?
All the coins in the core will add some few new SuperNET API functions
I have describe the tech somewhere, but I cant remember where
basically the API is using JSON string, so if a command can be encoded in a JSON string, the SuperNET is able to send this from any computer in the SuperNET to any other, jumping across coin networks, with optional randomized onion routing built in.
there is also M of N (254) shared secret fragmenting (similar to multisig), but this is not inside the SuperNET, but rather in the Teleport application layer. If needed this tech can easily be used by any application layer

There is a Turing complete language called "C"
this is interpreted and runs in an event driven environment (similar to Metatrader expert advisers and indicators)
The full power of the computer is available as this is node specific so the tradebot write can do horrible things with a Tradebot, but he can do worse with a hammer. No increased risks

All SuperNET API, coin daemon API, networking, etc. accessible in an interpreted environment. The C code is submitted using a JSON API string, so end users can create their own custom service using a Tradebot.

Of course, most end users are no C programmers, but with a set of standard Tradebots linked to buttons, the users can be using them without even knowing they are using Tradebots

Think of the SuperNET like the tcp/ip protocol. How many things can be built on top of tcp/ip
[of course to be confusing to you the SuperNET uses UDP for its transmissions]

The fees are collected in an service specific way, so there is no simple answer. All of the fee activities will be on the various blockchains, but at first it will have to be collected in centralized account. The sum of all the commissions can be done on any node once this software is done, but these are just the addings of numbers so I dont worry about it so much.

In any case it is always best to get the "free mode" working first so that the user behavior is understood. Then you can design the proper monetization methods, actually the proper monetization metrics so that you can analyze this data to experiment to maximize the monetization, which usually means getting as high a response rate without annoying the user, but this is all standard monetization techniques. with no difficult algo, just a matter of being methodical.

I am searching for people to staff the monetization group, so if anybody is interested in working for a percentage of SuperNET revenues, and you have good analytical skills, PM me

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jl777
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September 07, 2014, 10:13:16 PM
 #15643

Few questions I would like to put forward to James.

So can anybody create services on the SuperNet or are we stuck with just these ones Teleport, InstantDEX, Tradebots (NXTcoinsco), Privatebetwill.

Also where do the fees paid for these services go, is it like Bitshares where the people who own the shares get a dividend. Is there a limit on the dividend also?

every feature a supernet core coin has is useable for every coin linked with supernet. ( each coin can even choose what features to use or not )
teleport for example is a service of BTCD.

fees will go as dividends to supernet asset holders and to the supernet core coin community.

Cool.

What's the dividend payment going to be? 100% of the profit split amongst shareholders?
10% for overhead and expenses (it is run at 90% profit margin)
50% of SuperNET revenues go to the assetholders
5% to NXT core developement
5% to BTCD stakers
20% to CORE coin communities (that are not NXT or BTCD)
10% I am keeping in reserve till I know more details

The last two are subject to change

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
YoyodyneSystems
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September 07, 2014, 10:13:44 PM
 #15644


Shakeout.
Weak exit stage left.
Shedding dead skin. Like a snake growing.
Isokoira
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September 07, 2014, 10:21:40 PM
 #15645

So who is this Iginio Shaw also known as Buy4crypto?  Nice lot of domains, perhaps one day some of them will be worth something. 
torshammer
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September 07, 2014, 10:24:02 PM
 #15646

James

Your statement before that any coin would be able to use the characteristics of any other coin in the network - that is by converting though instadex? Or natively? If natively, what would be the advantage of holding one net coin over the other, if they ca "do" the same things?
wetwipe
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September 07, 2014, 10:37:41 PM
 #15647

James

Your statement before that any coin would be able to use the characteristics of any other coin in the network - that is by converting though instadex? Or natively? If natively, what would be the advantage of holding one net coin over the other, if they ca "do" the same things?

the coins in the mix all have unique features any so no coin is remotely comparable. and they are getting coded extras?.

VGWNxRiC1s3jMi7S6Nzuv2PpDKT9PmqiQy   <-----  VRC treatment fund for the clinically insane. -----> (Barabbass-AltcoinUK).
torshammer
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September 07, 2014, 10:39:30 PM
 #15648

Thanks, but this does not answer the question.
souljah1h
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September 07, 2014, 10:54:59 PM
 #15649

When on IRC, i got a PM from some one who needs help.

He made a startjoin but hasnt recieved any funds (for more information https://www.startjoin.com/surgery ). I think Vericoin can help this man.

We raised 500k VRC in 24 hour, can we raise another 13k (about 1.6 BTC needed)? Or use some from the 500k funds which we got back 'donated' from James?

After talking with him, i dont have the feeling this is a 'scam', let discuss.

https://twitter.com/AltMinerD/status/508044356419219456

https://twitter.com/btcdrak/status/498130414884900865

_@/'
SolarBTC
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September 07, 2014, 11:02:19 PM
 #15650

jl777 [James] thanks again! proud to be part of super net.


and welcome to vrc community.


working under positive energy.


ps: anybody negative just block/mute/ignore

everybody have a nice day! we will be moving forward.

future angel investors

jl777
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September 07, 2014, 11:10:09 PM
 #15651

James

Your statement before that any coin would be able to use the characteristics of any other coin in the network - that is by converting though instadex? Or natively? If natively, what would be the advantage of holding one net coin over the other, if they ca "do" the same things?
Each coin would implement the JSON handling specific to their coin, so when they receive the API command, they can process it.

The SuperNET is the transport
The services are applications

Easier to understand is telephone system. yes this is very good analogy.

There are local phone calls and long distance calls. The local calls are comms between people using the same coin. Long distance are comms between different coins. The area code is the coin.

Doesnt matter who you are calling, you can use the same phone connected to the same socket.
here is where it is not so exact, but thing of a service as a specific type of phone.
some phones have video, others have cameras, not exactly right, but hopefully you get the idea.

all the data is on the internect
all the different services are sending packets directly between two computers
each computer can properly decrypt all the packets sent to it and route the JSON request to the right service

Currently it requires changing the source code to add a new API call and of course the code to actually perform the API function.

I hope this is understandable, it is no easy to explain in english what should be a matter of showing some code fragments

current commands
Code:
    static char **commands[] = { getpubkey, maketelepods, transporterstatus, telepod, transporter, tradebot, respondtx, processutx, publishaddrs, checkmsg, placebid, placeask, makeoffer, sendmsg, orderbook, getorderbooks, sellp, buyp, send, teleport, select  };

example of one of the above
Code:
    static char *teleport[] = { (char *)teleport_func, "teleport", "V", "NXT", "secret", "amount", "dest", "coin", "minage", "M", "N", 0 };

the "glue" function that actually calls the teleport function
Code:
char *teleport_func(char *sender,int32_t valid,cJSON **objs,int32_t numobjs,char *origargstr)
{
    double amount;
    int32_t M,N;
    struct coin_info *cp;
    char NXTACCTSECRET[512],destaddr[512],minage[512],coinstr[512],*retstr = 0;
    if ( Historical_done == 0 )
        return(clonestr("historical processing is not done yet"));
    copy_cJSON(NXTACCTSECRET,objs[1]);
    amount = get_API_float(objs[2]);
    copy_cJSON(destaddr,objs[3]);
    copy_cJSON(coinstr,objs[4]);
    copy_cJSON(minage,objs[5]);
    M = get_API_int(objs[6],1);
    N = get_API_int(objs[7],1);
    if ( M > N || N >= 0xff || M <= 0 )
        M = N = 1;
    printf("amount.(%.8f) minage.(%s) %d | M.%d N.%d\n",amount,minage,atoi(minage),M,N);
    cp = get_coin_info(coinstr);
    if ( cp != 0 && sender[0] != 0 && amount > 0 && valid != 0 && destaddr[0] != 0 )
        retstr = teleport(sender,NXTACCTSECRET,(uint64_t)(SATOSHIDEN * amount),destaddr,cp,atoi(minage),M,N);
    else retstr = clonestr("{\"error\":\"invalid teleport request\"}");
    return(retstr);
}

the teleport function, which triggers other API functions sometimes locally sometimes remotely, uses some genetic algo for telepod selection, etc.
Code:
char *teleport(char *NXTaddr,char *NXTACCTSECRET,uint64_t satoshis,char *otherpubaddr,struct coin_info *cp,int32_t minage,int32_t M,int32_t N)
{
    static unsigned char zerokey[crypto_box_PUBLICKEYBYTES];
    char buf[4096];
    uint8_t sharenrs[255];
    struct telepod **pods = 0;
    struct NXT_acct *np,*destnp;
    struct transporter_log *log;
    int32_t n,err = -1;
    uint32_t height;
    if ( M <= 0 )
        M = cp->M;
    if ( N <= 0 )
        N = cp->N;
    if ( M <= 0 )
        M = 1;
    if ( N <= 0 )
        N = 1;
    memset(sharenrs,0,sizeof(sharenrs));
    if ( N > 1 )
        init_sharenrs(sharenrs,0,N,N);
   
    sprintf(buf,"%s -> teleport %.8f %s -> %s minage.%d | M.%d N.%d dest.(%s)\n",NXTaddr,dstr(satoshis),cp->name,otherpubaddr,minage,M,N,otherpubaddr);
    if ( minage == 0 )
        minage = cp->minconfirms;
    destnp = search_addresses(otherpubaddr);
    height = (uint32_t)get_blockheight(cp);
    if ( (pods= evolve_transporter(&n,0,cp,minage,satoshis,height)) == 0 )
        sprintf(buf,"{\"error\":\"teleport: not enough  for %.8f %s to %s\"}",dstr(satoshis),cp->name,otherpubaddr);
    else
    {
        free(pods), pods = 0;
        np = find_NXTacct(NXTaddr,NXTACCTSECRET);
        if ( memcmp(destnp->pubkey,zerokey,sizeof(zerokey)) == 0 )
        {
            query_pubkey(destnp->H.NXTaddr,NXTACCTSECRET);
            sprintf(buf,"{\"error\":\"no pubkey for %s, request sent\"}",otherpubaddr);
        }
        if ( memcmp(destnp->pubkey,zerokey,sizeof(zerokey)) != 0 )
        {
            printf("start evolving at %f\n",milliseconds());
            pods = evolve_transporter(&n,cp->maxevolveiters,cp,minage,satoshis,height);
            printf("finished evolving at %f\n",milliseconds());
            if ( pods == 0 )
                sprintf(buf,"{\"error\":\"unexpected transporter evolve failure for %.8f %s to %s\"}",dstr(satoshis),cp->name,otherpubaddr);
            else
            {
                log = send_transporter_log(NXTaddr,cp->NXTACCTSECRET,destnp,cp,minage,satoshis,pods,n,M,N,sharenrs,otherpubaddr);
                if ( log == 0 )
                {
                    sprintf(buf,"{\"error\":\"unexpected error sending transporter log %.8f %s to %s\"}",dstr(satoshis),cp->name,otherpubaddr);
                    free(pods);
                    pods = 0;
                }
                else
                {
                    err = 0;
                    sprintf(buf,"{\"result\":\"teleport AFTER CREATE BUNDLE to %s err.%d\"}",destnp->H.NXTaddr,err);
                    printf("teleport AFTER CREATE BUNDLE to %s err.%d\n",destnp->H.NXTaddr,err);
                    process_pingpong_queue(&Transporter_sendQ,log);
                }
            }
        }
    }
    return(clonestr(buf));
}

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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September 07, 2014, 11:28:46 PM
 #15652

Thanks. This seems to be a relentless criticicism in the different trollboxes & forums, that once a coin joins the net it loses it's identity - and thus it's value.

It is an important distinction to be drawn.
ereborltc
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September 07, 2014, 11:32:49 PM
 #15653

Thanks. This seems to be a relentless criticicism in the different trollboxes & forums, that once a coin joins the net it loses it's identity - and thus it's value.

It is an important distinction to be drawn.
ya , its normal when they don't fully understand the concept... its like saying , louis vitton is worth nothing now because they joined the internet ... superNET is for coins ,like interNET is for websites..
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September 07, 2014, 11:45:37 PM
 #15654

Thanks. This seems to be a relentless criticicism in the different trollboxes & forums, that once a coin joins the net it loses it's identity - and thus it's value.

It is an important distinction to be drawn.
ya , its normal when they don't fully understand the concept... its like saying , louis vitton is worth nothing now because they joined the internet ... superNET is for coins ,like interNET is for websites..
exactly!

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
SolarBTC
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September 07, 2014, 11:54:35 PM
 #15655

well i understand it! thats why i am happy being included in the super net.

and help with the 10% escrow.

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September 08, 2014, 12:46:52 AM
 #15656

Thanks. This seems to be a relentless criticicism in the different trollboxes & forums, that once a coin joins the net it loses it's identity - and thus it's value.

It is an important distinction to be drawn.
ya , its normal when they don't fully understand the concept... its like saying , louis vitton is worth nothing now because they joined the internet ... superNET is for coins ,like interNET is for websites..

Good analogy!

VRC Tip Jar: VERiTAS2MPYM94kTwtni3GvnwdmWXqJsQf
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September 08, 2014, 12:55:25 AM
 #15657

James

Your statement before that any coin would be able to use the characteristics of any other coin in the network - that is by converting though instadex? Or natively? If natively, what would be the advantage of holding one net coin over the other, if they ca "do" the same things?
Each coin would implement the JSON handling specific to their coin, so when they receive the API command, they can process it.

The SuperNET is the transport
The services are applications

Easier to understand is telephone system. yes this is very good analogy.

There are local phone calls and long distance calls. The local calls are comms between people using the same coin. Long distance are comms between different coins. The area code is the coin.

Doesnt matter who you are calling, you can use the same phone connected to the same socket.
here is where it is not so exact, but thing of a service as a specific type of phone.
some phones have video, others have cameras, not exactly right, but hopefully you get the idea.

all the data is on the internect
all the different services are sending packets directly between two computers
each computer can properly decrypt all the packets sent to it and route the JSON request to the right service

Currently it requires changing the source code to add a new API call and of course the code to actually perform the API function.

I hope this is understandable, it is no easy to explain in english what should be a matter of showing some code fragments

current commands
Code:
    static char **commands[] = { getpubkey, maketelepods, transporterstatus, telepod, transporter, tradebot, respondtx, processutx, publishaddrs, checkmsg, placebid, placeask, makeoffer, sendmsg, orderbook, getorderbooks, sellp, buyp, send, teleport, select  };

example of one of the above
Code:
    static char *teleport[] = { (char *)teleport_func, "teleport", "V", "NXT", "secret", "amount", "dest", "coin", "minage", "M", "N", 0 };

the "glue" function that actually calls the teleport function
Code:
char *teleport_func(char *sender,int32_t valid,cJSON **objs,int32_t numobjs,char *origargstr)
{
    double amount;
    int32_t M,N;
    struct coin_info *cp;
    char NXTACCTSECRET[512],destaddr[512],minage[512],coinstr[512],*retstr = 0;
    if ( Historical_done == 0 )
        return(clonestr("historical processing is not done yet"));
    copy_cJSON(NXTACCTSECRET,objs[1]);
    amount = get_API_float(objs[2]);
    copy_cJSON(destaddr,objs[3]);
    copy_cJSON(coinstr,objs[4]);
    copy_cJSON(minage,objs[5]);
    M = get_API_int(objs[6],1);
    N = get_API_int(objs[7],1);
    if ( M > N || N >= 0xff || M <= 0 )
        M = N = 1;
    printf("amount.(%.8f) minage.(%s) %d | M.%d N.%d\n",amount,minage,atoi(minage),M,N);
    cp = get_coin_info(coinstr);
    if ( cp != 0 && sender[0] != 0 && amount > 0 && valid != 0 && destaddr[0] != 0 )
        retstr = teleport(sender,NXTACCTSECRET,(uint64_t)(SATOSHIDEN * amount),destaddr,cp,atoi(minage),M,N);
    else retstr = clonestr("{\"error\":\"invalid teleport request\"}");
    return(retstr);
}

the teleport function, which triggers other API functions sometimes locally sometimes remotely, uses some genetic algo for telepod selection, etc.
Code:
char *teleport(char *NXTaddr,char *NXTACCTSECRET,uint64_t satoshis,char *otherpubaddr,struct coin_info *cp,int32_t minage,int32_t M,int32_t N)
{
    static unsigned char zerokey[crypto_box_PUBLICKEYBYTES];
    char buf[4096];
    uint8_t sharenrs[255];
    struct telepod **pods = 0;
    struct NXT_acct *np,*destnp;
    struct transporter_log *log;
    int32_t n,err = -1;
    uint32_t height;
    if ( M <= 0 )
        M = cp->M;
    if ( N <= 0 )
        N = cp->N;
    if ( M <= 0 )
        M = 1;
    if ( N <= 0 )
        N = 1;
    memset(sharenrs,0,sizeof(sharenrs));
    if ( N > 1 )
        init_sharenrs(sharenrs,0,N,N);
   
    sprintf(buf,"%s -> teleport %.8f %s -> %s minage.%d | M.%d N.%d dest.(%s)\n",NXTaddr,dstr(satoshis),cp->name,otherpubaddr,minage,M,N,otherpubaddr);
    if ( minage == 0 )
        minage = cp->minconfirms;
    destnp = search_addresses(otherpubaddr);
    height = (uint32_t)get_blockheight(cp);
    if ( (pods= evolve_transporter(&n,0,cp,minage,satoshis,height)) == 0 )
        sprintf(buf,"{\"error\":\"teleport: not enough  for %.8f %s to %s\"}",dstr(satoshis),cp->name,otherpubaddr);
    else
    {
        free(pods), pods = 0;
        np = find_NXTacct(NXTaddr,NXTACCTSECRET);
        if ( memcmp(destnp->pubkey,zerokey,sizeof(zerokey)) == 0 )
        {
            query_pubkey(destnp->H.NXTaddr,NXTACCTSECRET);
            sprintf(buf,"{\"error\":\"no pubkey for %s, request sent\"}",otherpubaddr);
        }
        if ( memcmp(destnp->pubkey,zerokey,sizeof(zerokey)) != 0 )
        {
            printf("start evolving at %f\n",milliseconds());
            pods = evolve_transporter(&n,cp->maxevolveiters,cp,minage,satoshis,height);
            printf("finished evolving at %f\n",milliseconds());
            if ( pods == 0 )
                sprintf(buf,"{\"error\":\"unexpected transporter evolve failure for %.8f %s to %s\"}",dstr(satoshis),cp->name,otherpubaddr);
            else
            {
                log = send_transporter_log(NXTaddr,cp->NXTACCTSECRET,destnp,cp,minage,satoshis,pods,n,M,N,sharenrs,otherpubaddr);
                if ( log == 0 )
                {
                    sprintf(buf,"{\"error\":\"unexpected error sending transporter log %.8f %s to %s\"}",dstr(satoshis),cp->name,otherpubaddr);
                    free(pods);
                    pods = 0;
                }
                else
                {
                    err = 0;
                    sprintf(buf,"{\"result\":\"teleport AFTER CREATE BUNDLE to %s err.%d\"}",destnp->H.NXTaddr,err);
                    printf("teleport AFTER CREATE BUNDLE to %s err.%d\n",destnp->H.NXTaddr,err);
                    process_pingpong_queue(&Transporter_sendQ,log);
                }
            }
        }
    }
    return(clonestr(buf));
}

That's impressive James. Very.

Jay Jay
@VeryVeriViral


Jay Jay
@VeriCoin + @VeriumReserve
Online Media/Marketing
ereborltc
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September 08, 2014, 01:44:19 AM
 #15658

Thanks. This seems to be a relentless criticicism in the different trollboxes & forums, that once a coin joins the net it loses it's identity - and thus it's value.

It is an important distinction to be drawn.
ya , its normal when they don't fully understand the concept... its like saying , louis vitton is worth nothing now because they joined the internet ... superNET is for coins ,like interNET is for websites..
exactly!
Wink
nhrf3
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September 08, 2014, 02:07:01 AM
 #15659

I wonder how long before dev 1, 2, and 3 fade away and the anon BCT user takes full control. This coin is now nothing more than a typical p&d pile of shit. Good job Pat and Doug. Way to sell out.

Amalgamus
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September 08, 2014, 02:15:18 AM
 #15660

I have just sent 20k. Cheesy

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