[XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS

[Litoshi]

[The 10 min load time will only be for ppl who what to run a node. Meaning some one who either want to setup and run a delegate or someone who want to host a wallet for say a web wallet or exchange (yes there are a few other reasons). I think you misunderstand the necessity to run a node. In bitcoin (I don't bash other Crypto's this is just a comparison) if you want to put your coins in to a wallet that you own and control the keys for, you MUST download and sync the wallet. However in Crypti you can own and control your own keys with out ever downloading and synchronizing the wallet.

That's interesting. How does it work? If you login to a remote note and enter your private key to login; what prevents the owner of the node/webserver from recording your key?

If you log in from a public computer, or do not have anti-virus software running;  there is always the danger of a keylogger getting your password to Crypti and any other account you may have, banks, credit cards, porn sites, email, Facebook, etc.  

If you are in a public place and use a wifi or Bluetooth keyboard, the information typed on such a keyboard is not encrypted when sent to your I-Pad, and can be intercepted and used to steal your funds.

The Crypti passphrase is hashed before being sent over the web, so interception, while possible, is encrypted.  

[MalReynolds]

[The 10 min load time will only be for ppl who what to run a node. Meaning some one who either want to setup and run a delegate or someone who want to host a wallet for say a web wallet or exchange (yes there are a few other reasons). I think you misunderstand the necessity to run a node. In bitcoin (I don't bash other Crypto's this is just a comparison) if you want to put your coins in to a wallet that you own and control the keys for, you MUST download and sync the wallet. However in Crypti you can own and control your own keys with out ever downloading and synchronizing the wallet.

That's interesting. How does it work? If you login to a remote note and enter your private key to login; what prevents the owner of the node/webserver from recording your key?

If you log in from a public computer, or do not have anti-virus software running;  there is always the danger of a keylogger getting your password to Crypti and any other account you may have, banks, credit cards, porn sites, email, Facebook, etc.  

If you are in a public place and use a wifi or Bluetooth keyboard, the information typed on such a keyboard is not encrypted when sent to your I-Pad, and can be intercepted and used to steal your funds.

The Crypti passphrase is hashed before being sent over the web, so interception, while possible, is encrypted.  

To clarify, this means Crypti DOES have protection against WiFi / Bluetooth sniffing but DOES NOT have protection against keyloggers.  EVERY cryptocoin has this vulnerability and ALWAYS WILL.

If you have sizable amounts invested in ANY cryptocurrencies including Crypti, do yourself a favor:

1. Buy a cheap used laptop at EBay.  
2. Zero every single byte on its hard drive using a program from this list:  http://pcsupport.about.com/od/toolsofthetrade/tp/free-data-destruction-software.htm
3. Reinstall from scratch the operating system of your choice FROM A FACTORY ORIGINAL (NOT PIRATED!) CD OR A DOWNLOAD THAT IS MD5 HASH VERIFIED BEFORE INSTALLATION.
4. Go directly to the cryptocoin's website (and ONLY that website - DO NOT SURF THE NET AT ALL) and download the coin wallet program.
5. Use ONLY THIS LAPTOP for all future coin transactions.  
6. Use this laptop for NOTHING else.  Consider it your private, dedicated banking terminal.  FOR GOD'S SAKE DONT EVER USE IT TO SURF THE INTERNET.

As a cryptocoin user, keyloggers are your mortal enemy.  Isolate your cryptocoin activity to a zone where you have taken active measures to prevent keyloggers from ever being installed.  

Are you REALLY paranoid (like me)?  Consider using a virtual keyboard to enter your password:  https://www.raymond.cc/blog/how-to-beat-keyloggers-to-protect-your-identity/  None are perfect;  Oxynger KeyShield is probably best:  http://www.oxynger.com/download.html

But wait!  What if Oxynger has a secret keylogger installed in its software?  Or what if Awesome Password Generator sends emails straight to the NSA?

Welcome to the hall of mirrors.  If you worry about this kind of thing, do a binge catchup session and join me in watching my second-favorite TV show:  http://www.fxnetworks.com/shows/the-americans/episodes

[Litoshi]

Mal, great post on keyloggers.

There are HARDWARE key loggers as well.  A USB extension cable can contain a hidden keylogger in the plug.  PS2 keyboard cable adapters are also available with a keylogger.  I used one for years as a backup recorder for my daily reports for work.  

There is also a USB stick available that monitors WiFi transmissions in the immediate area.  I use a WiFi keyboard at home (concrete walls, 1 mile from other houses) for my laptop because I like the screen to be 3 feet away, not on my knees.   My I-Pad also has a detached Bluetooth keyboard, from which the keystrokes can be farmed.  

Using this keyboard in a public place would make my keystrokes farm-able by such a device.  

Always practice safe computing....... especially when traveling to other countries.  Internet cafes and hotel courtesy computers are prime abusers of keyloggers.

[Litoshi]

Welcome to the hall of mirrors.  If you worry about this kind of thing, do a binge catchup session and join me in watching my second-favorite TV show:  http://www.fxnetworks.com/shows/the-americans/episodes

second favorite TV show? Let me guess at your #1 favorite TV show........... could it be FIREFLY ?   

[MalReynolds]

Welcome to the hall of mirrors.  If you worry about this kind of thing, do a binge catchup session and join me in watching my second-favorite TV show:  http://www.fxnetworks.com/shows/the-americans/episodes

second favorite TV show? Let me guess at your #1 favorite TV show........... could it be FIREFLY ?    

I am indeed a Browncoat forever.  My user name here was a natural when I became involved with Crypti and saw you had a lead dev named Syrenity.  Firefly (how can it possibly be more than a decade old now?) goes beyond being my favorite TV show into effectively being a personal creed.



My top current TV show is Better Call Saul, which has its season one finale tonight.  I can certainly empathize with a guy who is called a chimp with a machine gun.  

http://www.amctv.com/shows/better-call-saul

BCS is a worthy prequel to Breaking Bad, which is right up there with The Sopranos as a Shakespearian-level drama vying for Best TV Show Ever.  

[Tobo]

My top current TV show is Better Call Saul, which has its season one finale tonight.  I can certainly empathize with a guy who is called a chimp with a machine gun.  

Love this show. one of the best on the TV now.

[dzarmush]

We are finalizing the details at our meeting today. We are talking single digit days, possibly as low as 1-3 days from now. We will announce our plans for the release after our meeting this afternoon.

Did you have a chance to finalize plans?

[MalReynolds]

The Bter hot wallet is down to only 37K.  Have you got a contact at Bter that you can ask for a reload to keep the withdrawal of Crypti going? 

[Litoshi]

The Bter hot wallet is down to only 37K.  Have you got a contact at Bter that you can ask for a reload to keep the withdrawal of Crypti going? 

Yes, Max is on it... The lag is because Lin is the only one trusted with the passwords to the cold wallet.

He could use the web wallet for a secure transaction, but I bet Lin "Trusts no one"

[GreXX]

My top current TV show is Better Call Saul, which has its season one finale tonight.  I can certainly empathize with a guy who is called a chimp with a machine gun.  

Love this show. one of the best on the TV now.

All this talk of TV Shows... I have to say I love me some Vikings. That show is amazing! (Also a huge firefly fan though).

[MalReynolds]

Let's talk about DPoS Forging.  What has been the observed monthly upload / download transfer of data in MB required to run a DPoS node on your testnet?  What's the average number of bytes being added to a DPoS blockchain every ten seconds?  What's the minimum number of bytes added for a zero block in 0.2.0?

[Karen98]

With such a short block time you can expect a dramatic blockchain file size increase after a month of operation.

[s11made]

As a cryptocoin user, keyloggers are your mortal enemy.  Isolate your cryptocoin activity to a zone where you have taken active measures to prevent keyloggers from ever being installed.  

And this is the main issue with crypto. If your credit cards get stolen you can blame the banks and they'll refund you.
If your crypto keys get stolen... Well you are responsible and have to take the loss.

As long as there is no good solution for this tedious safety work, crypto will not be adopted by the masses.
If you want to make crypto be adopted, solve this part of the puzzle.

[MalReynolds]

With such a short block time you can expect a dramatic blockchain file size increase after a month of operation.

Let's talk about DPoS Forging.  What has been the observed monthly upload / download transfer of data in MB required to run a DPoS node on your testnet?  What's the average number of bytes being added to a DPoS blockchain every ten seconds?  What's the minimum number of bytes added for a zero block in 0.2.0?

My point exactly.  I am trying to shine a light on this by asking for some observed numbers to be made public before we all start off on this grand 0.2.0 adventure.  My goal as always is to quantify the need for algorithms that support both (1) no zero transaction blocks being added and (2) automatic regeneration of a genesis block when the chain reaches a certain length.

[50cent_rapper]

1. Buy a cheap used laptop at EBay.  
2. Zero every single byte on its hard drive using a program from this list:  http://pcsupport.about.com/od/toolsofthetrade/tp/free-data-destruction-software.htm
3. Reinstall from scratch the operating system of your choice FROM A FACTORY ORIGINAL (NOT PIRATED!) CD OR A DOWNLOAD THAT IS MD5 HASH VERIFIED BEFORE INSTALLATION.
4. Go directly to the cryptocoin's website (and ONLY that website - DO NOT SURF THE NET AT ALL) and download the coin wallet program.
5. Use ONLY THIS LAPTOP for all future coin transactions.  
6. Use this laptop for NOTHING else.  Consider it your private, dedicated banking terminal.  FOR GOD'S SAKE DONT EVER USE IT TO SURF THE INTERNET.

It's much more easily Mal:

Step 1. Make usb bootable flash stick with Ubuntu Linux
Step 2. Boot into Ubuntu and do your operations
Step 3. Reboot into Windows 

[MalReynolds]

1. Buy a cheap used laptop at EBay....  

It's much more easily Mal:

Step 1. Make usb bootable flash stick with Ubuntu Linux
Step 2. Boot into Ubuntu and do your operations
Step 3. Reboot into Windows  

As long as you aren't planning on forging with your client, I certainly agree!

[MalReynolds]

While we're waiting on historical observed 0.2.0 testnet blockchain numbers to show up here, lets also start a discussion on the economics of 0.2.0 forging.   Reference http://blog.crypti.me/introduction-to-dpos/ for the origin of the numbers used below...

Say you are a Delegate running a node and you need to make $10 per month forging to pay for your node costs.  Crypti is currently $0.004 each.  Let's say that when 0.2.0 launches the value of Crypti pops 2.5X to a penny each or $0.01 each.  As a node, to get your $10 you have to "clear" as your monthly fee cut $10/$0.01 = 1000 Crypti.   That's your take AFTER you pay a 10% "tax" to the Foundation.  In order for you to put 1000 XCR in your pocket every month you've got to take in as fees a total of 1111 Crypti, with 111 going to the Foundation and 1000 going to you.  This is true for all 101 delegates, so the total fees required to let ALL forgers break even at $10 per month is 1111 X 101 = 112,211 Crypti.  

Thus for a "breakeven month" with a $0.01 Crypti value 2.5X higher than at present, 101,000 Crypti  must be split by the 101 Delegates (who get $10 each) and the Foundation gets 11,211 Crypti worth $112.  

Initial forging fees are apparently going to be a tenth percent or 0.1%.   This means that for every 1000 Crypti processed as node traffic, the nodes pass 999 on to the recipient and keep 1 as a fee.  So for the nodes to take in 112,211 Crypti as fees, they've got to process 112,211 / 0.001 = 112.2M as Crypti traffic.

So for a Delegate to make "just" $10 in a month, the Crypti price has got to be 2.5X higher than it is now coupled with more than the entire total supply of Crypti changing hands every month.  

Note there are other combinations of these two value / traffic criteria that yield $10 per month per Delegate, but making one of them "somewhat more reasonable" makes the other one "even more unreasonable".   Thus another scenario is, if the monthly transaction traffic target is dropped to "only" 10M Crypti per month (a tenth of the total Crypti supply), then compensating a Delegate $10 per month requires a Crypti value of $0.112 each, or over X25 the current value.

These are kinda sobering numbers in my opinion.  A delegate had better be prepared to fund a node out of his own pocket for probably many months until either Crypti prices and/or transaction volumes ramp up VERY significantly.

<Insert standard MalReynolds rant about calling for volunteer Delegates to run cheap Crypti nodes funded out of their own pocket (which they gotta do anyway) and so enable zero fees / huge boost in Exchange value of retained Crypti holdings instead of tenth-percent fee / crummy $10 per month and probably much less forging profit>

[jari76]

Let's talk about DPoS Forging.  What has been the observed monthly upload / download transfer of data in MB required to run a DPoS node on your testnet?  What's the average number of bytes being added to a DPoS blockchain every ten seconds?  What's the minimum number of bytes added for a zero block in 0.2.0?

I'm now running a delegate on the testnet for three days (barie/jari76), and have not seen any exorbitant bandwidt usage from the node. the node is running both a 0.1.9g Client, and an 0.2.0 client. in the four days that the node has been running, it has used about 3.12GB of bandwith , which also includes setting up the node. keep in mind this is running both 2.0 and 0.1.9, and that the 0.1.9 one could be using a lot of that bandwith. 
The ram usage on the node is about 489 MB. this is a clean ubuntu install.

[50cent_rapper]

I was thinking yesterday about Crypti and it's low marketcap. And I found that it just has not enough "selling points" for end-user. Yes, it has some "selling points" for investors, for example:
- wonderful team
- funding
- fair long-term plans and attitude

But it hasen't to much selling points/features for XCR regular user.
NEM has:
  1) beautiful wallet design. Crypti hasn't.
NXT has:
  1) beautiful wallet design
  2) in wallet asset exchange (so regular user can speculate there)
Bitshares has:
  1) DPOS
  2) Derivatives to make and play
Qora has
  1) Voting system

Today (in 2015) the ability to send and recieve virtual tokens in 1 minute is not enough.

The first selling point for XCR is DPOS, before that XCR is just bored  

Here is the first NXT thread: https://bitcointalk.org/index.php?topic=303898.0 BCNext wrote:

I got some offers, on the launch or shortly after it we will have the following services:

1]  Faucet.  It will be funded by our donations
2]  Currency exchange.  Classical BTC-to-NXT-n-back exchange
3]  Stock exchange.  If I got it correctly this is going to be a simplified (for non-pro traders) version of a stock exchange, can be used for crowdfunding
4]  Virtual goods store.  The goods will be provided by ordinary users (books, links, game codes, anything represented as plain text)

I know that XCR team tries to make Virtual Apps store, and before this happen, before the killer app for end-user is out, we can't talk seriously about 1 USD per 1 XCR.

[MalReynolds]

Let's talk about DPoS Forging.  What has been the observed monthly upload / download transfer of data in MB required to run a DPoS node on your testnet?  What's the average number of bytes being added to a DPoS blockchain every ten seconds?  What's the minimum number of bytes added for a zero block in 0.2.0?

I'm now running a delegate on the testnet for three days (barie/jari76), and have not seen any exorbitant bandwidt usage from the node. the node is running both a 0.1.9g Client, and an 0.2.0 client. in the four days that the node has been running, it has used about 3.12GB of bandwith , which also includes setting up the node. keep in mind this is running both 2.0 and 0.1.9, and that the 0.1.9 one could be using a lot of that bandwith. 
The ram usage on the node is about 489 MB. this is a clean ubuntu install.

Would you consider shutting down your 0.1.9 for a few days, resetting your bandwidth and memory meters to zero, and running 0.2.0 for exactly 48 hours to get some statistics?  That would be very interesting...