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gitbknowsall
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July 22, 2014, 07:07:30 PM |
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Seems there is big sale %%% on bittrex...  yea I missed that one... note to self set low buys before having a break. |
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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IceColdTommy
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July 22, 2014, 07:08:19 PM |
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Seems there is big sale %%% on bittrex... someone pushed the price down into the orders or 116k-118k thanks for the one, just bought more in  |
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Starfleet.Intelligence
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July 22, 2014, 07:09:00 PM |
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Seems there is big sale %%% on bittrex... yea I missed that one... note to self set low buys before having a break. The transition to bittrex is one of the fastest among the exchanges I know. But in this case not that quick to get a catch for a buy  |
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koralon
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July 22, 2014, 07:20:00 PM |
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Took a crack at a new logo. Thoughts? :/  Donations welcome: RGb89Xv4NRsAasi9a8Go9Ak9SNkoFocrEX How about.. no. |
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$howmetheMoney
Member
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Activity: 74
Merit: 10
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July 22, 2014, 07:21:30 PM |
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Hello! I am part of BTCD community now and I happen to be developing a cryptonote fork to add anon features to NXT. It turns out that my methods should apply to BTCD also. I will be working on integrating cryptonote tech into BTCD, but it is more than "just" cryptonote anon tech as I am also making my solution include a near realtime exchange (InstantDEX) so people can directly trade just by running the coin. How will all this work you ask? https://github.com/jl777/pNXT has the current source code and it is rapidly being developed. Once InstantDEX is done, I will be adding Privatebet (peer to peer sportsbook) to the pNXT framework, plus the way it is implemented there is no reason any other number of useful services cant be added. My efforts are in parallel with all the other BTCD coders and I try to design a clever way to integrate to require minimal changes to the BTCD codebase. So, if I succeed, then all the peoples selling at current prices will not be so happy. There is no reason that other anon tech in BTCD can't combine with the cryptonote tech, in fact pushing tx through two independent anon algos would only help if it is done properly. So, I bring very good news to BTCD and now I expect a massive in increase in the FUD level James P.S. I am not so active on BTT, but you can find out more about me on NXT forums and jl777.org Will the cryptonote tech lead to any issues with blockchain bloat? yes,blockchain bloat is an issue for all cryptonote coins, however I chose the boolberry fork to base my work on as it was the most advanced as far as blockchain pruning and just being more efficient. However, I have a plan to use a blockchain FIFO to deal with whatever bloat issues we get. There is no reason to store the entire blockchain, but you do have to process it once. A FIFO is perfect for that, just set the FIFO size to the max lookback window into the blockchain dataset you need (of course you need to store all the keyimages, but that is smaller than the full blockchain). Then after loading the blockchain the first time, all that is left in memory is the FIFO. So as long as you have HDD space you are fine, not limited by system RAM James P.S. I am also toying with the idea of using the cryptonote blockchain as a sidechain and maintaining a decentralized ledger. Then we can simply toss the blockchain as soon as there is consensus. However, this is pretty tricky, so most likely not for the first version. It hasn't been done yet because you if you ever need to revert the blockchain because of a fork, or if an exchange is hacked, then you cannot. This just encourages hackers to infiltrate exchanges, or even exchanges themselves to take the coins because they know they have them permanently. Cool idea though. Well klee lost over 1000 bitcoins last week when he was hacked, no mention of reverting the blockchain then. Fork idea ill let someone else answer. I dont agree with what vericoin did on that fork. It should of been mintpals responsibility to pay everyone back even if it put them out of business. If someone isn't responsible keeping their coins secure it is there fault The vericoin protocol was to blame not the exchange. Otherwise the hackers would have just attacked bitcoin or litecoin. If the vericoin developer had done what the BTCD developer is proposing (blockchain ledger), then everyone would have lost their money, and the hacker wins. You need to be able to roll back the chain if something as significant as an exchange getting hacked happens, look at MTgox, that is what happens when they don't roll back the blockchain. CryptoNote inevitably bloats the blockchain at an exponential rate. Period. |
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meccoin4me
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July 22, 2014, 07:30:52 PM |
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i have a great believe in darkcoin , sold all my other coins and going all-in on BTCD , is going well today
love BTCD
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xtent
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July 22, 2014, 07:32:24 PM |
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i have a great believe in darkcoin , sold all my other coins and going all-in on BTCD , is going well today
love BTCD
If this hits the China exchanges, I can see .01 happening quickly. |
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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July 22, 2014, 07:33:44 PM |
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Good work JL777! Don't forget to finish MGW for Nxt also  There are currently no known bugs for MGW, also I released Universal MGW that allows anybody to host a MGW server for dozens of different gen1 coins. James |
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BDdomino
Newbie
Offline
Activity: 57
Merit: 0
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July 22, 2014, 07:37:25 PM |
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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July 22, 2014, 07:37:41 PM |
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Btw, this is how easy this 'CryptoNote' protocol is to implement. https://cryptonotestarter.org/Ring signatures bloat the blockchain insanely as well. Monero's is almost 1 gigabyte now and it was 100 megabytes 20 days ago. However, I will give it to the developer; you perfected the initial distribution and PoW. This coin will trump Monero (100%) because of that, plus since the network is supported by ASICS, the speeds will be faster. But, again, this coin is no less, and no more anonymous than any other CryptoNote coin, Boolberry, Monero, Bytecoin. Also ring signatures are not the same as stealth addresses, but they are VERY similar. It's like a stealth address collective, that the receiver signs with a one time key. I chose BBR due to its superior code base to base pNXT on. If you actually read my post about privacyServers, your will realize that ring signatures is just one possible means for anon tech. When zerocash comes out, it will be another. Also, you never know, I just might have my own method. What happens if I am able to combine all of them? So, please study my post on privacyServer and tell me how this is similar in ANY way to other cryptonotes. In ANY way?? James |
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meccoin4me
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July 22, 2014, 07:41:36 PM |
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i have a great believe in darkcoin , sold all my other coins and going all-in on BTCD , is going well today
love BTCD
If this hits the China exchanges, I can see .01 happening quickly. blieve in it to |
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xtent
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July 22, 2014, 07:43:53 PM |
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i have a great believe in darkcoin , sold all my other coins and going all-in on BTCD , is going well today
love BTCD
If this hits the China exchanges, I can see .01 happening quickly. blieve in it to I love the fact, my buy orders are still getting filled. |
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ebliever
Legendary
Offline
Activity: 1708
Merit: 1035
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July 22, 2014, 07:45:16 PM |
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Took a crack at a new logo. Thoughts? :/ Donations welcome: RGb89Xv4NRsAasi9a8Go9Ak9SNkoFocrEX Horrible sorry... Sorry, I have to give it a thumbs down as well. The logo on the OP does need updating though, IMHO. |
Luke 12:15-21
Ephesians 2:8-9
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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July 22, 2014, 07:48:27 PM |
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Hello! I am part of BTCD community now and I happen to be developing a cryptonote fork to add anon features to NXT. It turns out that my methods should apply to BTCD also. I will be working on integrating cryptonote tech into BTCD, but it is more than "just" cryptonote anon tech as I am also making my solution include a near realtime exchange (InstantDEX) so people can directly trade just by running the coin. How will all this work you ask? https://github.com/jl777/pNXT has the current source code and it is rapidly being developed. Once InstantDEX is done, I will be adding Privatebet (peer to peer sportsbook) to the pNXT framework, plus the way it is implemented there is no reason any other number of useful services cant be added. My efforts are in parallel with all the other BTCD coders and I try to design a clever way to integrate to require minimal changes to the BTCD codebase. So, if I succeed, then all the peoples selling at current prices will not be so happy. There is no reason that other anon tech in BTCD can't combine with the cryptonote tech, in fact pushing tx through two independent anon algos would only help if it is done properly. So, I bring very good news to BTCD and now I expect a massive in increase in the FUD level James P.S. I am not so active on BTT, but you can find out more about me on NXT forums and jl777.org Will the cryptonote tech lead to any issues with blockchain bloat? yes,blockchain bloat is an issue for all cryptonote coins, however I chose the boolberry fork to base my work on as it was the most advanced as far as blockchain pruning and just being more efficient. However, I have a plan to use a blockchain FIFO to deal with whatever bloat issues we get. There is no reason to store the entire blockchain, but you do have to process it once. A FIFO is perfect for that, just set the FIFO size to the max lookback window into the blockchain dataset you need (of course you need to store all the keyimages, but that is smaller than the full blockchain). Then after loading the blockchain the first time, all that is left in memory is the FIFO. So as long as you have HDD space you are fine, not limited by system RAM James P.S. I am also toying with the idea of using the cryptonote blockchain as a sidechain and maintaining a decentralized ledger. Then we can simply toss the blockchain as soon as there is consensus. However, this is pretty tricky, so most likely not for the first version. It hasn't been done yet because you if you ever need to revert the blockchain because of a fork, or if an exchange is hacked, then you cannot. This just encourages hackers to infiltrate exchanges, or even exchanges themselves to take the coins because they know they have them permanently. Cool idea though. Not sure what you mean by "it hasnt been done yet" I happen to specialize in doing stuff that "hasnt been done yet" So, if you are talking about the blockchain FIFO, just set the FIFO depth to longer than the longest fork, say 3 days. Then functionally the blockchain FIFO will be identical to the full blockchain. The one issue is that it cannot provide historical blockchains for other nodes, so there would need to be reference nodes with the full blockchain. Hmm, maybe something like hubs in a hub and spoke network? Say within the privacyServer? As far as InstantDEX, yes it is quite an "impossible" problem to solve. That is why it has taken me 3 months to get a workable design that incorporates atomic exchanges. To cover additional cases, I also did a subatomic exchange, that's where you have overlapped and synchronized micropayment channels setup directly between two wallets. No exchange at all. Just direct peer to peer trading. The problems are that it is cumbersome and not so fast to do subatomic trades, but if you want to be able to swap 100 BTC for 1000 BTCD directly, there would be no alternative method. Now as long as both nodes are on the same fork, then any trades between them will either be nullified or accepted when the fork resolves. If it is nullified, then the protocol would be for both sides to resubmit their tx. Now it is possible that one of the nodes wont be around to do so and the other node is compromised and does only the half of the trade advantageous to do so, but I think the requirement is that if you are trading and it happens that there was a major fork then you need to do some cleanup, if not, then you will lose out, so my guess is that most people will resubmit their tx. James |
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bitcoinwonders010
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July 22, 2014, 07:53:50 PM |
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this coin has paid me well with so little in circulation i don't know whether to buy back in or wait. ive moved profits into saffron coin but feel this may beat dark if cryptonote tech actually gets implemented. the problem with cryptonote coins is sending payments where you have give tx id. if that could be solved with BTCD, it would be awesome
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$howmetheMoney
Member
Offline
Activity: 74
Merit: 10
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July 22, 2014, 07:54:49 PM |
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Btw, this is how easy this 'CryptoNote' protocol is to implement. https://cryptonotestarter.org/Ring signatures bloat the blockchain insanely as well. Monero's is almost 1 gigabyte now and it was 100 megabytes 20 days ago. However, I will give it to the developer; you perfected the initial distribution and PoW. This coin will trump Monero (100%) because of that, plus since the network is supported by ASICS, the speeds will be faster. But, again, this coin is no less, and no more anonymous than any other CryptoNote coin, Boolberry, Monero, Bytecoin. Also ring signatures are not the same as stealth addresses, but they are VERY similar. It's like a stealth address collective, that the receiver signs with a one time key. I chose BBR due to its superior code base to base pNXT on. If you actually read my post about privacyServers, your will realize that ring signatures is just one possible means for anon tech. When zerocash comes out, it will be another. Also, you never know, I just might have my own method. What happens if I am able to combine all of them? So, please study my post on privacyServer and tell me how this is similar in ANY way to other cryptonotes. In ANY way?? James Okay read. So you push all the transactions through these centralized nodes; but its utilizing ring signatures, and possibly in the future other algorithms as well. It is a new concept I'll give you that, combining them that is, but it is a trusted system. If you can figure a way to make the privacyServers trustless then this will be on par with the leading two anonymous coins. XCurrency, CloakCoin. They have trustless decentralized anon methods; they also have transactions speeds sub 5 minutes for fully washed funds. Keep innovating man I'm sure you can solve these issues, I'm just bringing them to light. |
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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July 22, 2014, 07:56:52 PM |
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Now I realize why someone asked me to PM them when I was going offline Seems there is some sort of correlation between my being around to post and the price So if I want to get more cheap BTCD, I just have to stay offline for 2 days. Imagine the panic selling Its a nice sunny day, making morning coffee so today if all goes well, some progress with primitive order matching. The reason this is so important and frontloaded on the debugging schedule is that once there is a realtime (or even 1 minute blocktime) market built in, then we can do all sorts of things. For example, an automatic BTCD -> BTC payment bridge. This way BTCD will effectively be accepted by all merchants that accept BTC. On the privacy side, it would allow BTCD -> pNXT via market trade -> dest pNXT via cryptonote tx -> market trade to BTCD. Not the most elegant solution, but at least some level of privacy. So, should I go offline for 48 hours and see what happens to the price? James |
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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July 22, 2014, 07:59:14 PM |
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Btw, this is how easy this 'CryptoNote' protocol is to implement. https://cryptonotestarter.org/Ring signatures bloat the blockchain insanely as well. Monero's is almost 1 gigabyte now and it was 100 megabytes 20 days ago. However, I will give it to the developer; you perfected the initial distribution and PoW. This coin will trump Monero (100%) because of that, plus since the network is supported by ASICS, the speeds will be faster. But, again, this coin is no less, and no more anonymous than any other CryptoNote coin, Boolberry, Monero, Bytecoin. Also ring signatures are not the same as stealth addresses, but they are VERY similar. It's like a stealth address collective, that the receiver signs with a one time key. I chose BBR due to its superior code base to base pNXT on. If you actually read my post about privacyServers, your will realize that ring signatures is just one possible means for anon tech. When zerocash comes out, it will be another. Also, you never know, I just might have my own method. What happens if I am able to combine all of them? So, please study my post on privacyServer and tell me how this is similar in ANY way to other cryptonotes. In ANY way?? James Okay read. So you push all the transactions through these centralized nodes; but its utilizing ring signatures, and possibly in the future other algorithms as well. It is a new concept I'll give you that, combining them that is, but it is a trusted system. If you can figure a way to make the privacyServers trustless then this will be on par with the leading two anonymous coins. XCurrency, CloakCoin. They have trustless decentralized anon methods; they also have transactions speeds sub 5 minutes for fully washed funds. I am confused. How can privacyServers be centralized, when anybody can set one up? I thought that was sort of the definition of decentralization. Nobody controls who is allowed to setup a privacyServer and anybody can download source, recompile and run one. So, yes, you do have to trust ONE privacyServer and if you cant find a vendor you trust, then can you trust yourself? If you cant trust yourself, then I think you have some serious trust issues James |
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Poll
