BTCD is no more

[jl777]

Do you understand that when you are staking, the address that stakes is recorded on the blockchain?
so if you stake, your address that staked is recorded
this has nothing to do with your public address
ALL BTCD addresses that stake will get recorded
Each time an address stakes, it will get a share
all shares added up to calculate each addresses proportion
total dividend is divided by number of shares to calculate BTCD per share
each address is allocated its BTCD based on this
BTCD is sent to each address according to the shares

Let us say there are 30000 blocks that staked in a month and 300 BTCD is the total dividend amount. Each staking is thus worth 300/30000 = .01 BTCD. If your addresses staked a total of 55 times, that would be 0.55 BTCD total, but since we dont know who controls what BTCD address, the .55 BTCD would be sent proportionally to each address you have based on the number of times they staked.

I hope this is clear enough

James

James.  I understand how staking works..

Please bear with me.. I must be missing something simple about this...

What about the payments above and beyond the normal staking.. from superNet.

from this doc  http://www.weebly.com/uploads/3/8/5/6/38564127/supernet.pdf

It says that  5% of payments for supernet stuff will go to BTCD stakers---

5 percent for BTCD stakers, via an associated NXT address

...  are the payments above and beyond the normal staking???

yes, over and above.
SuperNET revenues * 5% -> converted to BTCD and allocated to BTCD stakers
why is this so confusing?

[jl777]

Do you understand that when you are staking, the address that stakes is recorded on the blockchain?
so if you stake, your address that staked is recorded
this has nothing to do with your public address
ALL BTCD addresses that stake will get recorded
Each time an address stakes, it will get a share
all shares added up to calculate each addresses proportion
total dividend is divided by number of shares to calculate BTCD per share
each address is allocated its BTCD based on this
BTCD is sent to each address according to the shares

Let us say there are 30000 blocks that staked in a month and 300 BTCD is the total dividend amount. Each staking is thus worth 300/30000 = .01 BTCD. If your addresses staked a total of 55 times, that would be 0.55 BTCD total, but since we dont know who controls what BTCD address, the .55 BTCD would be sent proportionally to each address you have based on the number of times they staked.

I hope this is clear enough

James

James.  I understand how staking works..

Please bear with me.. I must be missing something simple about this...

What about the payments above and beyond the normal staking.. from superNet.

from this doc  http://www.weebly.com/uploads/3/8/5/6/38564127/supernet.pdf

It says that  5% of payments for supernet stuff will go to BTCD stakers---

5 percent for BTCD stakers, via an associated NXT address

...  are the payments above and beyond the normal staking???

btcd addresses are mapped to nxt addresses.

so what you have to do to get the extra from superNET is stake btcd.
only people who stake btcd will be eligible for the superNET dividends.
you will get the dividends on top of the btcd staking interest which will be transfered to your corresponding nxt address.

i hope this makes it a bit clearer?

this would be ideal, but would require everybody to get quite a few accts if they have to get one for each acct that staked, especially if change addresses start staking. Also, this would make it hard to stay anon.

It would be much simpler to just convert the SuperNET dividend to BTCD (so this wont work for any asset dividends, just the "cash" dividends) and this would be like a big mining pool, Once it is BTCD then it can be sent directly to the staking addresses without any user involvement

James

[criptix]

this is a great idea, thanks for the clarification  

[jl777]

Well, today is totally lost. Between dealing with investor support issues I have to spend hours fiddling with MGW server.

I have way too much coding to do to be stuck doing MGW server maintenance!

So far the issues have not been related to MGW itself, server out of RAM, new versions, shellshock, test versions crashing and messing up the cache, etc.

As of next weekend, I will formally stop running MGW servers. Until the production servers are running, there wont be any MGW servers.

I suggest to withdraw all the MGW assets ASAP. if they get stuck after I shutdown the MGW on my dev servers, it could take a while for me to figure out how to properly to manual withdraws. I need to code for 14 to 20 hours at a stretch and I cannot be monitoring people's deposit/withdraws that are not appearing after 17 blocks. So if you do not withdraw before the weekend, the funds will be safe but inaccessible for some weeks.

James

[zigpumper]

Guys, can BTCD cost $ 10.00 one day or not?

[CryptKeeper]

Guys, can BTCD cost $ 10.00 one day or not?

Sure it can!

PANIC BUY!!! 

[Bitinvestor]

Guys please help me set up wallet staking.

Just send some BTCD to your wallet and leave your wallet open (or open it whenever you are at your computer). It should start staking after a few days. Let us know if you're having a specific problem.

[jjiimm_64]

this would be ideal, but would require everybody to get quite a few accts if they have to get one for each acct that staked, especially if change addresses start staking. Also, this would make it hard to stay anon.

It would be much simpler to just convert the SuperNET dividend to BTCD (so this wont work for any asset dividends, just the "cash" dividends) and this would be like a big mining pool, Once it is BTCD then it can be sent directly to the staking addresses without any user involvement

James

Thank you James.

this finally answers my question.. however it contradicts the documentation.

Revenues received from the services detailed above and any others added by participating
cryptocurrencies will be distributed in the following proportions:
 5 percent for BTCD stakers, via an associated NXT address

To sum:

currently BTCD stakers get approx 5% of the staked coins per year.   additionally once superNet pays dividends, 5% of those dividends will also go to the staked BTCD addresses.

[randallface]

Well, today is totally lost. Between dealing with investor support issues I have to spend hours fiddling with MGW server.

I have way too much coding to do to be stuck doing MGW server maintenance!

So far the issues have not been related to MGW itself, server out of RAM, new versions, shellshock, test versions crashing and messing up the cache, etc.

As of next weekend, I will formally stop running MGW servers. Until the production servers are running, there wont be any MGW servers.

I suggest to withdraw all the MGW assets ASAP. if they get stuck after I shutdown the MGW on my dev servers, it could take a while for me to figure out how to properly to manual withdraws. I need to code for 14 to 20 hours at a stretch and I cannot be monitoring people's deposit/withdraws that are not appearing after 17 blocks. So if you do not withdraw before the weekend, the funds will be safe but inaccessible for some weeks.

James

Is this why price dropped today? lol to all those who sold. BTCD under .012 = NOM NOM NOM ... James is the man.

[randallface]

https://i.imgur.com/OabxFF1.jpg

[mecus]

I bought some btcd under 0.012 thanks a lot guys

Your coins are very tasty.

[cloudboy]

Who is selling with all the Bitcoindark testing with SuperNET going on? Lol cheap coins!

[mecus]

Who is selling with all the Bitcoindark testing with SuperNET going on? Lol cheap coins!

Who? Loosers sells, we use

[jl777]

Well, today is totally lost. Between dealing with investor support issues I have to spend hours fiddling with MGW server.

I have way too much coding to do to be stuck doing MGW server maintenance!

So far the issues have not been related to MGW itself, server out of RAM, new versions, shellshock, test versions crashing and messing up the cache, etc.

As of next weekend, I will formally stop running MGW servers. Until the production servers are running, there wont be any MGW servers.

I suggest to withdraw all the MGW assets ASAP. if they get stuck after I shutdown the MGW on my dev servers, it could take a while for me to figure out how to properly to manual withdraws. I need to code for 14 to 20 hours at a stretch and I cannot be monitoring people's deposit/withdraws that are not appearing after 17 blocks. So if you do not withdraw before the weekend, the funds will be safe but inaccessible for some weeks.

James

Is this why price dropped today? lol to all those who sold. BTCD under .012 = NOM NOM NOM ... James is the man.

The production team is saying they will get the production MGW servers running soon, so it is possible that there will be minimal downtime. If there is downtime, just dont blame me!
Also, it looks like there will be support for at least half a dozen coins maybe more.

If you look at the prices, we are painting a giant flag pattern starting sep 4th with the centerline around .0125
We need a nice long base for the next move up and it is still quite a large swing from high to low, so maybe another week of sideways.

now I am freeing myself from MGW server and customer support and also I stopped following the SuperNET thread (moved to SuperNET forum), this will free up a lot of my time and let me concentrate on the coding.

got the Privatebet XML dev in sync and so all the projects are ~90% complete, just need to start connecting them all together.

James

[cloudboy]

11 BTC buy wall on Bittrex @ .01180579 

[positivehigh]

Someone is thinning the Orderbook at Bittrex, this is clear manipulation of the coin. Don't fall for it there is a 25btc wall at 0,0105btc.

Hello, Can you tell me please whats the matter if there is a 25btc wall at 0,0105btc? We should wait for that price before we buy? Im waiting for the lowest price before buying and that price is low enough for me to buy. I hope you explain it to me as i am a newbie.



James please dont stop replying at supernet thread because it shows that the thread is controlled by no one unlike the supernet forum. I hope i get it right. THe only problem at the supernet thread that we cant control the fuders but just ignore them. You dont need to explain them anything. Just let others do that for you but dont leave the supernet thread. thank you.  Sorry about my english.

[visual111]

Someone is thinning the Orderbook at Bittrex, this is clear manipulation of the coin. Don't fall for it there is a 25btc wall at 0,0105btc.

Hello, Can you tell me please whats the matter if there is a 25btc wall at 0,0105btc? We should wait for that price before we buy? Im waiting for the lowest price before buying and that price is low enough for me to buy. I hope you explain it to me as i am a newbie.

 is the current range ~.0115-.0135 a fair evaluation of BTCD price? Do you think it will go up from here? Has the technology fundamentally changed (for better or worse)?

it is best to decide on your own. 99.9% of the active users in this thread will tell you to buy and hold BTCD.

[paulthetafy]

Someone is thinning the Orderbook at Bittrex, this is clear manipulation of the coin. Don't fall for it there is a 25btc wall at 0,0105btc.

Hello, Can you tell me please whats the matter if there is a 25btc wall at 0,0105btc? We should wait for that price before we buy? Im waiting for the lowest price before buying and that price is low enough for me to buy. I hope you explain it to me as i am a newbie.

The "thinning the orderbook" means that lots of small orders being placed so that the orderbook that is visible on the site appears as if there is no buy support (it only shows the top 50 orders).  You can clearly see someone is doing this by adding lots of small 0.0005 BTC buy orders.  The effect of this is that anyone looking at the orderbook on Bittrex will think that the sells are stacked up and the buys are thin (which would normally indicate a strong downtrend in the price), encouraging people to sell.  This can also be seen in the red/green sells/buys indicator on Bittrex.

Stealthcoin is just reassuring people that the buy orderbook is NOT thin because he (or someone he knows) actually has a large 25 BTC buy order at 0.0105, but this is not visible on the bittrex orderbook because they only display the top 50.  

I have to agree that manipulation is clear so don't fall for it.  If you are looking to buy to hold (rather than looking for a quick profit), then you probably want to just buy some now at around 0.012.  I doubt we will see 0.010 again anytime soon and, even if we do, you would only have been able to buy ~20% more coins.  The market is awaiting the release of the Teleport and SuperNET features, at which point people like me expect a fast rise in the price.  So I guess you need to ask yourself whether you think you will be able to buy in at 0.010x before that happens or whether you will be kicking yourself for not buying at 0.012x

[Breasal]

Really quiet around here...any update on teleport / BTCD NXTinside wallet integration? Thanks!

[koralon]

Really quiet around here...any update on teleport / BTCD NXTinside wallet integration? Thanks!

https://bitcointalk.org/index.php?topic=684090.msg9008113#msg9008113