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Author Topic: BTCD is no more  (Read 1327500 times)
crackfoo
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October 16, 2014, 02:13:11 PM
 #7201



What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.

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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin Core and some of its derivatives are the only known safe implementations of full nodes. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and Bither are OK.)
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_mr_e
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October 16, 2014, 02:25:20 PM
 #7202

So does supernet, more so I believe... why not just buy supernet?
Cassius
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October 16, 2014, 02:51:46 PM
 #7203



What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.

In order to send money anonymously, you must own BTCD - even if temporarily.
So must everyone else. So there will be demand for BTCD. The same could be said of gold - some people like to transact in it or use it store value. Maybe not you, but if you think more of those people are going to exist, then maybe there's a case for getting some.
Then you have the 5% stake, and the SuperNET dividends going to BTCD, which are separate from the SuperNET dividends going to holders of SuperNET.
_mr_e
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October 16, 2014, 02:57:33 PM
 #7204



What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.

In order to send money anonymously, you must own BTCD - even if temporarily.
So must everyone else. So there will be demand for BTCD. The same could be said of gold - some people like to transact in it or use it store value. Maybe not you, but if you think more of those people are going to exist, then maybe there's a case for getting some.
Then you have the 5% stake, and the SuperNET dividends going to BTCD, which are separate from the SuperNET dividends going to holders of SuperNET.


So in order to use teleport you will require some btcd?
Cassius
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October 16, 2014, 03:21:23 PM
 #7205



What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.

In order to send money anonymously, you must own BTCD - even if temporarily.
So must everyone else. So there will be demand for BTCD. The same could be said of gold - some people like to transact in it or use it store value. Maybe not you, but if you think more of those people are going to exist, then maybe there's a case for getting some.
Then you have the 5% stake, and the SuperNET dividends going to BTCD, which are separate from the SuperNET dividends going to holders of SuperNET.


So in order to use teleport you will require some btcd?

Now here I'm a little hazy. I think you may not have to, but BTCD will be involved at some point along the way. So although you may not directly own any yourself, if you want to send BTC anonymously, it will go through a BTCD transaction, and will have a fee attached too.
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October 16, 2014, 07:14:04 PM
 #7206



What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.

In order to send money anonymously, you must own BTCD - even if temporarily.
So must everyone else. So there will be demand for BTCD. The same could be said of gold - some people like to transact in it or use it store value. Maybe not you, but if you think more of those people are going to exist, then maybe there's a case for getting some.
Then you have the 5% stake, and the SuperNET dividends going to BTCD, which are separate from the SuperNET dividends going to holders of SuperNET.


So in order to use teleport you will require some btcd?

Now here I'm a little hazy. I think you may not have to, but BTCD will be involved at some point along the way. So although you may not directly own any yourself, if you want to send BTC anonymously, it will go through a BTCD transaction, and will have a fee attached too.
People that want to use Teleport will need to have some BTCD for the fees, which will be paid in BTCD telepods.
I also think we might need to have some bandwidth usage fees to prevent spam attacks, again to be paid with BTCD telepods

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
Aptidude
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October 17, 2014, 12:45:10 AM
 #7207

Page 369

BitcoinDark is fine

Give it to me sock it to me one more time


http://www.youtube.com/watch?v=IYH7_GzP4Tg
futurist
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October 17, 2014, 02:42:58 AM
 #7208



What I don't understand is why oh why would I want to hold any actual BTCD token? That is great that it is providing the highway but when I already own Nxt and Bitcoin, both will be able to use this highway no problem, I cannot understand the benefit of owning any BTCD. The risk/reward just doesn't seem to be there for me to bother making such a purchase.

BTCD holders also receive dividends from SuperNET.

In order to send money anonymously, you must own BTCD - even if temporarily.
So must everyone else. So there will be demand for BTCD. The same could be said of gold - some people like to transact in it or use it store value. Maybe not you, but if you think more of those people are going to exist, then maybe there's a case for getting some.
Then you have the 5% stake, and the SuperNET dividends going to BTCD, which are separate from the SuperNET dividends going to holders of SuperNET.


So in order to use teleport you will require some btcd?

Now here I'm a little hazy. I think you may not have to, but BTCD will be involved at some point along the way. So although you may not directly own any yourself, if you want to send BTC anonymously, it will go through a BTCD transaction, and will have a fee attached too.
People that want to use Teleport will need to have some BTCD for the fees, which will be paid in BTCD telepods.
I also think we might need to have some bandwidth usage fees to prevent spam attacks, again to be paid with BTCD telepods

James

Any way for a purchase of BTCD to be made automatically in the background to cover the Teleport fee? I think it would streamline the process.
_mr_e
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October 17, 2014, 02:54:48 AM
 #7209

The problem with these automatic purchases will be that the spread of the low volume coins will usually lead to a rather large hit upon conversion... any idea how that will be solved?
futurist
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October 17, 2014, 03:09:17 AM
 #7210

The problem with these automatic purchases will be that the spread of the low volume coins will usually lead to a rather large hit upon conversion... any idea how that will be solved?

That was the one problem I could think of. It may be a far fetched idea, I was just throwing it out there.
jl777
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October 17, 2014, 03:27:10 AM
 #7211

The problem with these automatic purchases will be that the spread of the low volume coins will usually lead to a rather large hit upon conversion... any idea how that will be solved?

That was the one problem I could think of. It may be a far fetched idea, I was just throwing it out there.
I will make InstantDEX trading for small denomination telepods to be used for fees
so you buy a bunch of them for one purchase. To facilitate things, probably will do this on breakeven basis, maybe even have some sort of faucet type of mechanism.

We need to jumpstart things, which requires injecting the system with telepods. Once they are created, they can be traded like cash.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jl777
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October 17, 2014, 06:05:10 AM
 #7212

pushed a new version
please update asap with ./m_unix if you are running a test server

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
tj303
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October 17, 2014, 06:11:38 AM
 #7213

So if you trade for a telepod on InstantDEX, can you keep it as long as you like and later modify it with the amount of money,message,,ect,you want to send via aged telepod? Will aged telepods become desireable because the age makes them that much harder to trace?
jl777
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October 17, 2014, 09:39:56 AM
 #7214

So if you trade for a telepod on InstantDEX, can you keep it as long as you like and later modify it with the amount of money,message,,ect,you want to send via aged telepod? Will aged telepods become desireable because the age makes them that much harder to trace?
very close!
the older it is, the larger the anon set. However you cannot really modify a telepod, only clone it. Still I expect there to be a market for telepods and maybe the older ones will fetch a premium.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
cloudboy
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October 17, 2014, 12:13:16 PM
 #7215

I don't know about you all, but at this point I will see BitcoinDark go to 0 before I sell a single coin. This price is insulting, it doesn't reflect our value at all. Just wait until v2 is released  Smiley
jd1959
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October 17, 2014, 01:22:21 PM
 #7216

I don't know about you all, but at this point I will see BitcoinDark go to 0 before I sell a single coin. This price is insulting, it doesn't reflect our value at all. Just wait until v2 is released  Smiley

+ 1 Jon Wink

          dICO Disguised Instant Cash Out
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October 17, 2014, 01:33:54 PM
 #7217

Its not clear to me how the community can help. I often read about testing, server hosting. Hows this realized? Id like to give some support, have 1-2 free internet connections (no static IP, however) and also spare computers I could set up as nodes for testing 24/7. I just need to know what has to be done...
Is there a client for testing I can run, easy as that?
SHossain
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October 17, 2014, 02:00:08 PM
 #7218

Its not clear to me how the community can help. I often read about testing, server hosting. Hows this realized? Id like to give some support, have 1-2 free internet connections (no static IP, however) and also spare computers I could set up as nodes for testing 24/7. I just need to know what has to be done...
Is there a client for testing I can run, easy as that?

This is the build instructions doc https://docs.google.com/document/d/1CGUgDAhimVhz7aHAnITeZGr2S4RiZPzF2LYZIWGbJ1E/

I've added another node yesterday night. Two of my nodes running the latest build.
Starfleet.Intelligence
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October 17, 2014, 02:25:10 PM
 #7219

Its not clear to me how the community can help. I often read about testing, server hosting. Hows this realized? Id like to give some support, have 1-2 free internet connections (no static IP, however) and also spare computers I could set up as nodes for testing 24/7. I just need to know what has to be done...
Is there a client for testing I can run, easy as that?

This is the build instructions doc https://docs.google.com/document/d/1CGUgDAhimVhz7aHAnITeZGr2S4RiZPzF2LYZIWGbJ1E/

I've added another node yesterday night. Two of my nodes running the latest build.


Thank you!
Is there a Windwos build available?
Does it work with dynamic IP addresses or DynDNS service?
BTCDDev
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October 17, 2014, 03:47:26 PM
 #7220

Its not clear to me how the community can help. I often read about testing, server hosting. Hows this realized? Id like to give some support, have 1-2 free internet connections (no static IP, however) and also spare computers I could set up as nodes for testing 24/7. I just need to know what has to be done...
Is there a client for testing I can run, easy as that?

This is the build instructions doc https://docs.google.com/document/d/1CGUgDAhimVhz7aHAnITeZGr2S4RiZPzF2LYZIWGbJ1E/

I've added another node yesterday night. Two of my nodes running the latest build.

Is there a Windwos build available?


Working on it.

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Top Donations: juicybirds 420BTCD ensorcell 84BTCD Stuntruffle: 40BTCD
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