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Author Topic: BTCD is no more  (Read 1328426 times)
cloudboy
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July 21, 2014, 06:15:26 PM
 #1621

This is about to blow up big time guys.

I hope it doesn't blow up...that would indicate a bubble, which would eventually pop.

I hope it keeps a nice steady rise.  We'll see.  Regardless, considering everything in the works, we're extremely undervalued right now.

Hey cloudboy, do you have any suggestions for the "btcd wallet" name?

You are right, but I also meant blow up in terms of popularity and not just price. I would like it to have a name which indicates what it is, a complete wealth portfolio. We want btcd to not just be a crypto currency, but our gateway to commodities and other assets. Portal could be good, wealth manager could be good too.

I've removed a shit ton of btcd from bittrex over the last 24 hours, and I will continue to do so.

Me too. BIG things are coming, I'm not gonna let bittrex be staking my coin. Honestly I'm not even worried about price, there are only 6k coins for sale on bittrex lol, that's nothing.
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Starfleet.Intelligence
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July 21, 2014, 06:34:32 PM
 #1622

Since Im quite not familiar with the PoS and how the staking works, I feel its time to post some noob questions here and hoping to get answers and clear this up:

What means "spendable" and "stake" amount in the wallet? I have two different numbers there and when I add it sums up to the total amount I have. I would suppose stake and spendable should be the same, to get the full amount staking. I transferred coins yesterday, maybe I have to wait for some time period...

In the status field of staking I get: Staking: Your weight is xx, network weight is yy.
How does the wallet account to these numbers and what is the unit? E.g. network weight right now is 66290, does this mean there are total 66290 BTCD staking? Suppose not...  Cheesy


Hi Starfleet, (I feel like one of the Maquis saying that, Grin)
'Spendable' amount refers to the coins you have available in your wallet to use or to send. If some coins are 'staking'(earning you interest) you are unable to touch them until they have finished staking. The staking coins are taken from your spendable total temporarily and become inaccessible during this phase.

Below is a basic explanation for 'weight' and network 'weight' (this info comes from Wikipedia). I hope it helps.

The weight of every address starts at 0. When an address provides a signature, its weight increases so that after several signatures, the weight approaches the number of coins in the address as of the last signature block. For example,
New weight = 0.9 * Old weight + 0.1 * Balance

If a signature is not provided by the address in a signature block, its weight decreases:
New weight = 0.9 * Old weight

This way, addresses whose owners do not wish to participate in signing do not hamper the ability to reach a majority.
If an address signs two conflicting blocks, its weight is reset to 0. This is to limit the power of malicious stakeholders.
If coins move to a new address, weight is proportionally taken away from the address, but is not transferred to the new address. The new stakeholder will have to build up his weight.


If anyone can explain it better, please do. Its always good to make these explanations as clear as possible and easy to follow.

Torrn


Thank your Torrn!

This cleared it up and I think I got it how it works. Everytime I generate BTCD my "stake" increases and the "spendable" ammount decreases for some time to weaken the generation process. After some blocks its back to normal... Basic but difficult for someone like me to understand the whole process behind the math  Undecided
jl777
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July 21, 2014, 06:55:08 PM
 #1623

I got a good question about the pros and cons of being open source with the privacy algo.

Being open source allows the possibility of knowing that your privacy is properly honored.
Imagine if it was closed source. Then what is to prevent there being something that logs all the activities? There would be no way to know that this is not happening. So any anonymity solution that is not open source is not really viable.

Now, the other side is whether the attacker can compromise you because they can see the source code.

The answer to that depends on the details of the anon algorithm.

For example, if the anon algorithm was weak and could not withstand anybody actually knowing what it is doing, then surely being open source will be its doom. But anything so weak has no chance for survival anyway and this is another reason for it must be open source!

So, now a strong anon algorithm is one that the attacker knows exactly what it is doing, but still there is nothing they can do. Being open source, everybody can see what it is doing. Good guys will help by pointing out potential weaknesses and it improves.

James

P.S. From a branding perspective it is important to use a word that has no prior meanings. Think "Tesla" for the car. "Apple" for the computer. The word can have existed before, just not in the context of crypto/trading. "Wealth" is good, but probably too close, but a word that clearly indicates wealth could work. What word is short, catchy and means wealth to everyone? Dont say gold.

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
mikesbmw
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July 21, 2014, 06:55:51 PM
 #1624

This is about to blow up big time guys.
There is hardly any volume driving the price up. Bids en sells are ridiculously low unfortunately.
You couldn't sell anything above 1BTC worth.  Undecided

Hopefully volume will come with new exchanges.

NXT: Next Generation of Cryptocurrency http://nxtcrypto.org
NEM:New Economy Movement http://www.ournem.com/
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July 21, 2014, 06:56:20 PM
Last edit: July 24, 2014, 03:30:58 AM by crackfoo
 #1625


BitcoinDark by xpool - The Official BTCD Multipool

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xpool offers 3 different sets of coins to mine. SHA256, Scrypt and X11. Each algorithm runs on a shift (see below). The confirmed coins are traded throughout the duration of the shift automatically to maximize the profits from exchanging them into BTCD. Once the shift ends, the shift is moved into "Confirming" status while all the coins are confirmed as successfully traded and exchanged, the BTCD payments are sent.

Current shifts run 24 hours, Monday - Friday and end at 7PM Eastern each day except Saturday & Sunday. The weekend shift ends on the Monday. Payments are then finialized and typically complete 2-3 hours after a shift ends.

The advantage of the pool is that you can utilize your any GPU, CPU and older ASIC equipment to earn you the more desired BitcoinDark.
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Any issues, please report them here or feel free to PM me, as I can't always see every post.

ZPOOL - the miners multipool! Support We pay 10 FLUX Parallel Assets (PA) directly to block rewards! Get paid more and faster. No PA fee's or waiting around for them, paid instantly on every block found!
jl777
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July 21, 2014, 07:01:27 PM
 #1626

This is about to blow up big time guys.
There is hardly any volume driving the price up. Bids en sells are ridiculously low unfortunately.
You couldn't sell anything above 1BTC worth.  Undecided

Hopefully volume will come with new exchanges.
Hey Mike! Nice to see you here.

You should have seen the orderbook a few days ago. 100,000+ on both sides. Those days will be remembered like the 20000 BTC pizza Smiley

We are still doing 100 BTC per day of trades, so that is actually quite good. More exchanges wont change much of anything. More tech will

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
damiano
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103 days, 21 hours and 10 minutes.


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July 21, 2014, 07:04:54 PM
 #1627

80K  Roll Eyes

All the money is flowing out of Via

Quantumbud
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July 21, 2014, 07:06:19 PM
 #1628

I've been hoarding a fair few of these babies too after reading through the thread and liking what i see Tongue

EDIT:even at 80k it's undervalued imo
mikesbmw
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July 21, 2014, 07:07:30 PM
 #1629

This is about to blow up big time guys.
There is hardly any volume driving the price up. Bids en sells are ridiculously low unfortunately.
You couldn't sell anything above 1BTC worth.  Undecided

Hopefully volume will come with new exchanges.
Hey Mike! Nice to see you here.

You should have seen the orderbook a few days ago. 100,000+ on both sides. Those days will be remembered like the 20000 BTC pizza Smiley

We are still doing 100 BTC per day of trades, so that is actually quite good. More exchanges wont change much of anything. More tech will

James
Hi James,

Likewise, good to see you on "the other side"  Grin

I agree that tech, especially what you have in store, will change A LOT!
We will see in the coming weeks / months  Wink

NXT: Next Generation of Cryptocurrency http://nxtcrypto.org
NEM:New Economy Movement http://www.ournem.com/
salsacz
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July 21, 2014, 07:21:40 PM
 #1630

James are you able to get BTCD on it as NXT Huh

http://info.txtcoinsnow.com/

That just wao me.j
I got Nxt on txtcoinsnow
Azeh (OP)
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July 21, 2014, 07:24:16 PM
 #1631

Hey everyone, this is kind of a re-post from last night.  

I love price watching too, but I'd like to keep us focused on development as well.




Call to action!

Alright everybody, James is making real progress and will continue to do so on the technical advancement of BTCD.

I would like to ask the communities support in ramping up marketing activities.  

We need people to help spread the word.  Get on social media, re-tweet our messages.  Let crypto oriented news outlets know about our progress.

Some basic things that we should be doing:

-contact more media outlets (If you have any special connections to any media outlets, please put in a word)

-create a more professional looking website (IceColdTommy has said he will develop the website)

-find someone that can do HTML5 and is willing to start building an html wallet

-come up with a unique name for our "wallet", which will be able to do trades, bets, privatesends, asset exchanges

-improve the logo


Whatever else you guys can think of!
IceColdTommy
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July 21, 2014, 07:43:27 PM
 #1632

Hey everyone, this is kind of a re-post from last night.  

I love price watching too, but I'd like to keep us focused on development as well.




Call to action!

Alright everybody, James is making real progress and will continue to do so on the technical advancement of BTCD.

I would like to ask the communities support in ramping up marketing activities.  

We need people to help spread the word.  Get on social media, re-tweet our messages.  Let crypto oriented news outlets know about our progress.

Some basic things that we should be doing:

-contact more media outlets (If you have any special connections to any media outlets, please put in a word)

-create a more professional looking website (IceColdTommy has said he will develop the website)

-find someone that can do HTML5 and is willing to start building an html wallet

-come up with a unique name for our "wallet", which will be able to do trades, bets, privatesends, asset exchanges

-improve the logo


Whatever else you guys can think of!

I will start work on website tomorrow morning, I will start with template and as soon as I finish it willvpost it for community opinion
cloudboy
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July 21, 2014, 07:53:53 PM
 #1633

Hey everyone, this is kind of a re-post from last night.  

I love price watching too, but I'd like to keep us focused on development as well.




Call to action!

Alright everybody, James is making real progress and will continue to do so on the technical advancement of BTCD.

I would like to ask the communities support in ramping up marketing activities.  

We need people to help spread the word.  Get on social media, re-tweet our messages.  Let crypto oriented news outlets know about our progress.

Some basic things that we should be doing:

-contact more media outlets (If you have any special connections to any media outlets, please put in a word)

-create a more professional looking website (IceColdTommy has said he will develop the website)

-find someone that can do HTML5 and is willing to start building an html wallet

-come up with a unique name for our "wallet", which will be able to do trades, bets, privatesends, asset exchanges

-improve the logo


Whatever else you guys can think of!

I will build online wallet
Azeh (OP)
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July 21, 2014, 08:01:53 PM
 #1634

Hey everyone, this is kind of a re-post from last night.  

I love price watching too, but I'd like to keep us focused on development as well.




Call to action!

Alright everybody, James is making real progress and will continue to do so on the technical advancement of BTCD.

I would like to ask the communities support in ramping up marketing activities.  

We need people to help spread the word.  Get on social media, re-tweet our messages.  Let crypto oriented news outlets know about our progress.

Some basic things that we should be doing:

-contact more media outlets (If you have any special connections to any media outlets, please put in a word)

-create a more professional looking website (IceColdTommy has said he will develop the website)

-find someone that can do HTML5 and is willing to start building an html wallet (Cloudboy will do the html wallet)

-come up with a unique name for our "wallet", which will be able to do trades, bets, privatesends, asset exchanges

-improve the logo


Whatever else you guys can think of!

I will build online wallet

Nice, thanks Cloudboy for stepping up and actively contributing!
qiwoman2
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July 21, 2014, 08:08:58 PM
 #1635

Great news..I love this coin and bought a bit more..I even trolling on poloniex trollbox..Shall I do another blog article? Smiley


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Voltarius
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July 21, 2014, 08:21:54 PM
Last edit: August 18, 2015, 04:21:48 PM by Voltarius
 #1636

BTCD at 84k sats and rising.

I can't program, but I'll try and help develop some influence through social networks..
shrekster
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July 21, 2014, 08:28:53 PM
 #1637

Price predictions anyone?
shrekster
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July 21, 2014, 08:30:51 PM
 #1638

That current price though ( ͡° ͜ʖ ͡°)
ralexvalex
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July 21, 2014, 08:33:27 PM
 #1639

Price predictions anyone?


1BTC in 3 months
Azeh (OP)
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July 21, 2014, 08:33:38 PM
 #1640

Hey everyone, this is kind of a re-post from last night.  

I love price watching too, but I'd like to keep us focused on development as well.




Call to action!

Alright everybody, James is making real progress and will continue to do so on the technical advancement of BTCD.

I would like to ask the communities support in ramping up marketing activities.  

We need people to help spread the word.  Get on social media, re-tweet our messages.  Let crypto oriented news outlets know about our progress.

Some basic things that we should be doing:

-contact more media outlets (If you have any special connections to any media outlets, please put in a word)

-create a more professional looking website (IceColdTommy has said he will develop the website)

-find someone that can do HTML5 and is willing to start building an html wallet

-come up with a unique name for our "wallet", which will be able to do trades, bets, privatesends, asset exchanges

-improve the logo


Whatever else you guys can think of!

I will start work on website tomorrow morning, I will start with template and as soon as I finish it willvpost it for community opinion

Awesome, thanks ICT.  I'm pumped to see what you have in mind.
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