BTCD is no more

[kyma]

What different roles do BTCD and BBR play in SuperNet and InstantDex?

BTCD is the reference currency by which all InstantDEX currency trades will be paired. (For example, BTC-->Doge will really be BTC-->BTCD-->DOGE behind the scenes)

BTCD stakers will receive 5% of all revenues generated by InstantDEX and SuperNET.

http://104.131.45.236/instantdex

Matthew

are dividends just paid to BTCD stakers in the form a BTCD?

[1713992257]

1713992257

[1713992257]

1713992257

[1713992257]

1713992257

[jl777]

What different roles do BTCD and BBR play in SuperNet and InstantDex?

BTCD is the reference currency by which all InstantDEX currency trades will be paired. (For example, BTC-->Doge will really be BTC-->BTCD-->DOGE behind the scenes)

BTCD stakers will receive 5% of all revenues generated by InstantDEX and SuperNET.

http://104.131.45.236/instantdex

Matthew

are dividends just paid to BTCD stakers in the form a BTCD?

yes, this is the only way to maintain privacy
I also think this could be a very good way to get people some small changepods that are untraceable as the source of these funds are the mere fact of owning BTCD, so then they can be used for change without any risk of being correlated to any specific person

James

P.S. since most dividends will be generated in non-BTCD form, they will have to purchase BTCD to be able to send out the dividends in BTCD

[jl777]

any idea what www.xpool.ca paid out to miners today?

it seems bitcointalk has suspended crackfoo for providing information that was specifically requested. The priorities here are quite strange. There are no rules against DOXing someone, but post info on how the official multipool is doing and you get suspended!

Freedom and decentralization for all, unless it goes against the wishes of the powers that be.

Anyway, a recent result: https://nxtforum.org/index.php?topic=8816.msg173757#msg173757

He is posting in slack (where most of the people are now) and the NXTforum, which doesnt use arbitrary rule enforcement to push forward their agenda

James

[jl777]

some details on InstantDEX: https://nxtforum.org/index.php?topic=8847.msg173841#msg173841

[Zer0Sum]

any idea what www.xpool.ca paid out to miners today?

yeah, we just finished.  We paid out 78+ BTCD

Any problems, please PM or post to the Xpool thread linked in my forums sig as I may miss your post.

Cheers!

www.xpool.ca

Great job, nice to see your pool growing...
And great support for NXT + very interesting SuperNET coins like BTCD, FIBRE, and BITS.

In general, SuperNET coins have been great to trade in 2015...
This week VPN and FIBRE have staged big rallies... while OPAL announces new revenue streams.

Alts with revenue in the pipeline is the place to be going forward  

[indeed]

Apologies if this is an obvious one, but I just saw the GUI screenshot of instantDex and noticed it appears to be served html via a browser. Who ultimately hosts the web server, does that not imply centralization or is that just one example of an interface? I'm guessing anyone with sufficient knowledge of how everything communicates could make their own GUI?

Tech looks really promising and I like James's philosophy, so I really hope this takes off.

[jl777]

Apologies if this is an obvious one, but I just saw the GUI screenshot of instantDex and noticed it appears to be served html via a browser. Who ultimately hosts the web server, does that not imply centralization or is that just one example of an interface? I'm guessing anyone with sufficient knowledge of how everything communicates could make their own GUI?

Tech looks really promising and I like James's philosophy, so I really hope this takes off.

it is localhost HTML
the server runs on your computer (and also on everyone elses computer)

people dont seem to want to submit commands using text JSON API requests, so we are making GUI's that do this and present the info in a visual way

(HTML in browser) <-> [127.0.0.1 localhost interface] <-> { SuperNET API codebase } <-> networks, blockchains, internet, etc

The above is a simplified "diagram"

The HTML in the browser is essentially just an easy to use way to issue API calls, which are what implements all the decentralized logic, along with interfacing to all the coin's blockchains, etc.

James

P.S. and yes anybody with sufficient knowledge can make GUI

[indeed]

Gotcha, sounds fantastic. So this would make it fairly easy for people to write their own tradebots that interface with the network/blockchain via the supernet api? Will instantdex be able to handle the high frequency trading that happen on conventional exchanges? I assume this system somehow accommodates a lot of this off the blockchain? If this is as powerful as it sounds, I'm a bit surprised more people haven't been talking about this. No offense to the legitimate exchanges out there, and I'm sorry so see their efforts being made obsolete, but people need a secure solution and this is the most elegant solution I've seen so far.

it is localhost HTML
the server runs on your computer (and also on everyone elses computer)

people dont seem to want to submit commands using text JSON API requests, so we are making GUI's that do this and present the info in a visual way

(HTML in browser) <-> [127.0.0.1 localhost interface] <-> { SuperNET API codebase } <-> networks, blockchains, internet, etc

The above is a simplified "diagram"

The HTML in the browser is essentially just an easy to use way to issue API calls, which are what implements all the decentralized logic, along with interfacing to all the coin's blockchains, etc.

James

P.S. and yes anybody with sufficient knowledge can make GUI

[Cassius]

Gotcha, sounds fantastic. So this would make it fairly easy for people to write their own tradebots that interface with the network/blockchain via the supernet api? Will instantdex be able to handle the high frequency trading that happen on conventional exchanges? I assume this system somehow accommodates a lot of this off the blockchain? If this is as powerful as it sounds, I'm a bit surprised more people haven't been talking about this. No offense to the legitimate exchanges out there, and I'm sorry so see their efforts being made obsolete, but people need a secure solution and this is the most elegant solution I've seen so far.

I think you have summarised it quite well

[jl777]

Gotcha, sounds fantastic. So this would make it fairly easy for people to write their own tradebots that interface with the network/blockchain via the supernet api? Will instantdex be able to handle the high frequency trading that happen on conventional exchanges? I assume this system somehow accommodates a lot of this off the blockchain? If this is as powerful as it sounds, I'm a bit surprised more people haven't been talking about this. No offense to the legitimate exchanges out there, and I'm sorry so see their efforts being made obsolete, but people need a secure solution and this is the most elegant solution I've seen so far.

it is localhost HTML
the server runs on your computer (and also on everyone elses computer)

people dont seem to want to submit commands using text JSON API requests, so we are making GUI's that do this and present the info in a visual way

(HTML in browser) <-> [127.0.0.1 localhost interface] <-> { SuperNET API codebase } <-> networks, blockchains, internet, etc

The above is a simplified "diagram"

The HTML in the browser is essentially just an easy to use way to issue API calls, which are what implements all the decentralized logic, along with interfacing to all the coin's blockchains, etc.

James

P.S. and yes anybody with sufficient knowledge can make GUI

I will be making a lot of Tradebots libraries and reference bots so yes, it will be easy to make bots, but I want to push InstantDEX as far as I can as far as making it a useful trading platform.

The high frequency trading will be limited by the trade clearing speed of the blockchains, so the central exchanges will still have a speed advantage.

however for most people who are trading, this speed difference wont be so meaningful as the trades are matched and locked in seconds. At the high level, it means that you are limited to trading your entire inventory at the rate of the blockchains, which is really plenty unless you are doing some crazy low margin algos.

In any case I set the commission to be fixed fee to discourage lots of small trades and annoying satoshi bots (the ones that bid 1 satoshi more and crowds the orderbooks), so it is more oriented toward the larger trades.

Also, this weekend I coded up support for central exchanges, so InstantDEX creates aggregated order books from all sources of liquidity and so it is getting the best price available. And this is not just for simple trades, but I make a combined orderbook via combinatorially making orderbooks going through NXT, BTC and BTCD. Today I got a "oneclick" arbitrage by getting an orderbook for coinomat/coinomat1 (they are equivalent assets, but different asset numbers). It found a 10% gain, I selected it and it did the orders and I got the 10% gain.

This arbitrage was done manually without need for any bot or special code. Since the liquidity from all the central exchanges are all combined, InstantDEX will instantly have the most liquidity of any single exchange!

James

P.S. To activate an exchange you just need to add the API key and secret in the SuperNET.conf, this automatically triggers fetching the orderbooks and for the exchanges with authenticated API support, you can one click trade between different exchanges. You do need to make sure you have the required funds in the exchanges you are trading on. Automated funds management wont be done until Tradebots.

[PhilipMorris]

If I would have like 2k coins, how much BTCD could I stake per week or month? And do I need to split into smaller amounts to get the maximum stake rewards? The current PoS reward is still 5% right? Those additional Supernet revenues are not active yet ?

Questions questions .. 

[jl777]

If I would have like 2k coins, how much BTCD could I stake per week or month? And do I need to split into smaller amounts to get the maximum stake rewards? The current PoS reward is still 5% right? Those additional Supernet revenues are not active yet ?

Questions questions .. 

yes 5% per year so 2000 * 0.05 / 52 -> about 2 per week
if your connection is good, more stakes wont matter. the issue is on a bad connection you could easily lose out to another node the time you were all set to stake.

SuperNET revenues are not active yet, but InstantDEX should be the first one to start making revenues

James

[PhilipMorris]

If I would have like 2k coins, how much BTCD could I stake per week or month? And do I need to split into smaller amounts to get the maximum stake rewards? The current PoS reward is still 5% right? Those additional Supernet revenues are not active yet ?

Questions questions .. 

yes 5% per year so 2000 * 0.05 / 52 -> about 2 per week
if your connection is good, more stakes wont matter. the issue is on a bad connection you could easily lose out to another node the time you were all set to stake.

SuperNET revenues are not active yet, but InstantDEX should be the first one to start making revenues

James

Ok thanks for your reply. 2 BTCD per week is not alot lol. Ill wait for those additional revenues. Any eta for those yet?

[BTCDDev]

http://104.131.45.236/InstantDEX updated to the latest btcd code and InstantDEX gui!

Check it out 

Matthew

[MadCow]

http://104.131.45.236/InstantDEX updated to the latest btcd code and InstantDEX gui!

Check it out 

Matthew

wow, that looks & feels like the future!! Can't wait Well done James & Co!

[jahl]

If I would have like 2k coins, how much BTCD could I stake per week or month? And do I need to split into smaller amounts to get the maximum stake rewards? The current PoS reward is still 5% right? Those additional Supernet revenues are not active yet ?

Questions questions .. 

yes 5% per year so 2000 * 0.05 / 52 -> about 2 per week
if your connection is good, more stakes wont matter. the issue is on a bad connection you could easily lose out to another node the time you were all set to stake.

SuperNET revenues are not active yet, but InstantDEX should be the first one to start making revenues

James

Ok thanks for your reply. 2 BTCD per week is not alot lol. Ill wait for those additional revenues. Any eta for those yet?

Well 2k coins isnt a lot either, buy more coins for more staking reward 

[PhilipMorris]

If I would have like 2k coins, how much BTCD could I stake per week or month? And do I need to split into smaller amounts to get the maximum stake rewards? The current PoS reward is still 5% right? Those additional Supernet revenues are not active yet ?

Questions questions ..  

yes 5% per year so 2000 * 0.05 / 52 -> about 2 per week
if your connection is good, more stakes wont matter. the issue is on a bad connection you could easily lose out to another node the time you were all set to stake.

SuperNET revenues are not active yet, but InstantDEX should be the first one to start making revenues

James

Ok thanks for your reply. 2 BTCD per week is not alot lol. Ill wait for those additional revenues. Any eta for those yet?

Well 2k coins isnt a lot either, buy more coins for more staking reward  

It once was worth alot  

[raimch89]

depend of futur value of btcd...

[MadCow]

If I would have like 2k coins, how much BTCD could I stake per week or month? And do I need to split into smaller amounts to get the maximum stake rewards? The current PoS reward is still 5% right? Those additional Supernet revenues are not active yet ?

Questions questions ..  

yes 5% per year so 2000 * 0.05 / 52 -> about 2 per week
if your connection is good, more stakes wont matter. the issue is on a bad connection you could easily lose out to another node the time you were all set to stake.

SuperNET revenues are not active yet, but InstantDEX should be the first one to start making revenues

James

Ok thanks for your reply. 2 BTCD per week is not alot lol. Ill wait for those additional revenues. Any eta for those yet?

Well 2k coins isnt a lot either, buy more coins for more staking reward  

It once was worth alot  

You only lose money if you sell for less than you bought, simple as that. Which direction is more likely for price after InstantDEX is launched? JUst hodl!

[4emily]

When I click on my btcd address at http://explorebtcd.info/ the transactions (number: 1114) don't load.

I'm guessing I need to use the wallet's coin control feature (something I've not done with my btcd wallet before) and send the coins back to my address. Is that correct?

Anyone know?

Thanks in advance for any help.