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Author Topic: BTCD is no more  (Read 1328438 times)
darylluke
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August 11, 2014, 12:36:55 PM
Last edit: August 11, 2014, 12:53:35 PM by darylluke
 #3161

I have made some market rate exchanges to make sharkfund0 (asset 3006420581923704757) a one stop purchase that will benefit from Teleport

The following numbers are not 100%, I am rounding, but they are pretty close. I wont bother with <10 BTC holdings, such as FIM, NAS, NTX, etc.

sharkfund0 major holdings:

BTCD 10% ~$240K
NXT 0.4% ~$150K
InstantDEX 10% ~$100K
NXTprivacy 20% ~$70K
JLH 10% ~$70K
coinomat(1) 20% ~$50K
XCP 0.5% ~$25K
BBR 10% ~$16K

~$721K / 1415 sharkfund0 assets = ~510 USD -> 14166 NXT
I dont expect to be making many changes to the portfolio for a while and I will announce any such changes. With the above figures anybody should be able to get a pretty good NAV calculation done. I will put some assets for sale and if they sell out, I will make some more available, but maybe with the portfolio composition public info, a reasonably efficient market will form?

I will make available NAV bids for those that need some liquidity if the free market isnt being efficient enough

James

P.S. Yes, sharkfund0 has 120,000 BTCD and is most likely one of the largest BTCD hodlers. It is like an open ended mutual fund and I think it is the NXT asset with the largest trading volume and a pretty widely held asset.

****IMPORTANT!!
For people waking up in USA this morning to read. ~darylluke.
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August 11, 2014, 12:45:01 PM
 #3162

I have some questions for jl777/dev team;

[snipped]


Seems to me there's no point reinventing the wheel. BTCD is integrating with the NXT blockchain which should allow it to do stuff like peer finance and voting, so why does BTCD have to redevelop those same features. Also, if a coin can do one thing (that people want) well, then that may be all it needs. This is ultimately about gaining real world adoption, not about adding stuff that altcoin investors might consider cool. If bitcoin users start using bitcoindark to teleport their funds, then that'll gain it a lot more adoption and value than adding feature after feature.
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August 11, 2014, 12:46:27 PM
 #3163


****IMPORTANT!!
For people waking up in USA this morning to read. I, myself am not sure what this means other than these are assets held by BTCD making us an asset-based cryptocurrency.

Please correct this if I am wrong asap. ~darylluke.

Those assets and coins are held by another asset called sharkfund0 (asset 3006420581923704757) and are not held by BTCD.
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August 11, 2014, 12:47:06 PM
 #3164


No XNF?

[/quote]
why on earth would I have XNF? fractional reserve with precious metals that might or might not be there? I didnt understand it when they launched it on ripple, I still dont understand it

Anyway, I wanted sharkfund0 to benefit as directly from Teleport's world domination, so of course lots of BTCD, InstantDEX and NXTprivacy, but also coinomat is going to do a lot of processing. XCP I couldnt figure out how to get it from the burn address to an exchange without doing their horrible all day install and I didnt have time to fiddle with that. BBR is best cryptonote at bargain 10:1 ratio against XMR, so it is nice thing to have. And JLH just to have a broadspectrum holding to smooth things out.

I think overall the mix is pretty good and should provide a reasonably balanced price action. It is up 40% since late May when I first issued it, but of course no promises of such crazy good gains moving forward. It is a quite big fund with ~1500 assets, so over 20 million NXT worth. It can be purchased in .0001 amounts so even 1.4 NXT can get some sharkfund0

James

P.S. nobody is surprised I have so much BTCD? Cost me 100+ BTC, actually closer to 200 BTC so this is a significant investment of my capital and not to mention my time. You can say I am FULLY motivated to make BTCD have as much value as possible. I wonder how many other coin devs have put so much into their coin? I was willing to put so much in because I trust the dev to deliver the tech he is talking about Smiley
[/quote]

****IMPORTANT
This is James other follow-up post with much detailed information about our coin.(REASONS TO INVEST)

~darylluke.
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August 11, 2014, 12:50:58 PM
 #3165


****IMPORTANT!!
For people waking up in USA this morning to read. I, myself am not sure what this means other than these are assets held by BTCD making us an asset-based cryptocurrency.

Please correct this if I am wrong asap. ~darylluke.

Those assets and coins are held by another asset called sharkfund0 (asset 3006420581923704757) and are not held by BTCD.

Jeezz.....I'm so stupid. IT does clearly state just that doesn't it....?

THANKS.

Can you tell us how does one get into this sharkfund-thingy? Links? Charts? etc....?Does one buy sharkfund with NXT (coin) ONLY?

~darylluke.
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August 11, 2014, 12:53:40 PM
 #3166


Those assets and coins are held by another asset called sharkfund0 (asset 3006420581923704757) and are not held by BTCD.

Jeezz.....I'm so stupid. IT does clearly state just that doesn't it....?

THANKS.

Can you tell us how does one get into this sharkfund-thingy? Links? Charts? etc....?Does one buy sharkfund with NXT (coin) ONLY?

~darylluke.

You can buy with NXT in the Nxt client. Alternatively, you can use this site: https://trade.secureae.com/#3006420581923704757

It will allow you to buy with NXT or BTC, I believe.
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August 11, 2014, 12:58:10 PM
 #3167

In the spirit of Monty Python I would like to register a complaint Grin
well it's just about the Mac wallet problem I was reporting about earlier, that over 50% of the mined blocks were rejected. I tried using the windows wallet, also under mac but used parallels to run my windows on it, and I get significantly better results. so there is obviously something not right with the mac wallet. I wish this gets fixed.
if there is any additional info I can provide let me know!

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SpringfieldM1A
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August 11, 2014, 03:49:10 PM
 #3168

Please sign up!
We needs testers for teleport etc. so I made a sign up form for a testers group. When you sign up, jl777, PondSea or I will contact you when development goes into testing stage. When you sign up now you can always sign out any time, no obligation to participate in the testing.

BTCD & Teleport Testers Group Sign Up Group
https://docs.google.com/forms/d/16xIwHeQ0aPtybNJbB-F_G1v2M1MocBt0_yfjzk5nsKw/viewform

3 people already signed up, thank you!

Do you have to be a 1337 h4x0r type of guy or can any run of the mill internet user sign up? I am somewhere in between, I can't code, but I know how to use my computer for more than menial tasks.
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August 11, 2014, 04:05:30 PM
 #3169

I have some questions for jl777/dev team;

i'm currently involved (hodling) a lot of coins for special tech/upcoming features; as you imagine i bought many btcd and keep hodling.

what prevents me from buying more is the fact that only anon through teleport + "nxt-like" interface (instadex is that if i understand it right) is planned so far; when exiting/promising stuff is also (i think) peering finance and decentralized "everything" - so storage. (not saying that anon is not important huh; but as an investor and jl777 plan I assume the community don't need to discuss too much about this; except for specific problems to come like dev team did with the encryption poll)

the roadmap until teleport/instadex etc is great; but hodling means long term; ur coding fast and it seems that people/the market love that; i'd love to see the community discussions oriented on the stuff to work on after anon implementation.

so maybe could i throw those questions now  Grin

after teleports; will you keep achieving what the community wants or will you choose the projects you will be working on ?

do you think you are capable doing "any" projects which could come from the community; and is that your plan ?

what's your opinion (if you have one) on counterparty platform; swarm project and storj/cloudcoin ?

Can we make an evolutive roadmap for a longer timeframe; obv subject to changes; but to keep checking what the community wants to use their btcd; and for the fellow hodlers to decide earlier if they want to keep hodling or diversify because the roadmap wouldn't fit their needs (i have in mind that crypto investment are mainly short term because of that lack of informations considering real future in years rather than weeks/months; if I invest in google i can check what are their plans/research fields etc way ahead)

I'm a bit like jl777 when he says he's not a very good trader; my strategy is more to buy low only than sell high and ping pong shit.

Having that kind of roadmap with the active communication of devs; i'd consider going more into btcd; and maybe i'm not alone.

So my longterm roadmap would be :

instadex
teleport anon feats: estimated release : end of september ? who cares :d (yaaay)
peering finance: creating assets with dividends in instadex on btcd blockchain: estimated release : no estimate < 8months
decentralized hosting: rent your hdd space for btcd: estimated release : no estimate <1 year
DAO: discuss the shit out of the DAO principle and make DAO management possible and noobproof/real life-ready: release date : none

i throw that as an example; so at this point we would be debating/discussing about peering finanace/decentralized hosting or DAO implementation while dev team would be finishing instadex/teleport; before release we would answer a poll with projects on the big roadmap listed asking what people want to see first in that map. idk how it worked but i remember some coins with voting features; voting wasn't really easy.

I recently voted in a poll for swarm through counterparty and it was easy as fuck : receive vote (token); send to 1yes 2no 3idk; done. maybe could we have a easy way to officially vote through btcd; and not using a 1337 forum like we're doing now Cheesy (btcd itself could be a dao maybe?  Grin)

tl;dr: i would like to see a bigger picture of btcd when reading the roadmap; implying community discussion and dev opinion (if the communication remains of that quality; that could be easily done) !

keep up the great work; some people are already of hodling that coin  Cheesy don't read me wrong : I just want btcd to improve; so i'm not criticizing for fun  Kiss
I am creating an integrated system that will be the foundation for a large number of future applications. NXT has one minute block times and the most features of any other 2.0 crypto and I find that too slow. I do not consider anything running on BTC blockchain as anything more than niche, I mean it is possible to get a one hour gap between blocks. One Hour!

The roadmap for this year is:

Teleport + privacyServers
tradebots (Turing complete scripting language in C with access to all the power features)
BTCD -> [BTC payments, visa/mastercard, anon card] basically taking care of payments to outside world
InstantDEX for crypto and assets
SVM dev kit to allow high accuracy predictions for tradebots (85%+ possible)
super network (to create the most users of InstantDEX
Privatebet (peer to peer betting using telepods for privacy when betting), maybe this expands to get casino games

With tradebots, BTCD will provide a platform for anybody that knows C to be able to write add on modules to the BTCD network. I am not saying we will be able to replace etherium, even though my guess is that some people will misunderstand this point. However using a totally different approach it is possible to create decentralized tradebots of various levels, so things like storage can be done.

The whole virtual corporation thing seems pretty trivial to me now. I didnt understand it so well before, but now I think I can do it in several weeks, but my first priority is to get the encryption and realtime trading infrastructure in place. Once that exists, then ANYTHING can be built.

I prefer to make reference applications, like Privatebet (multi billion dollar industry where it will have huge competitive edge) and then share revenues with other devs/companies for the zillion other applications. So, like what Microsoft and Apple did. They make OS and allow application companies make money selling applications. So I see my role as showing people the possibilities, creating the tools and the monetization system. There is the entire universe of software to recreate in decentralized crypto form, but it is quite difficult due to lack of tools and lack of understanding. Not to mention how to market it and actually make money.

I do not believe in reinventing the wheel. I like to use the best of what is out there and only code what is missing. I also do not like to do things that other people are better at than me, so I dont do GUI, graphics, and other things that are somewhat subjective. I also find application software is quite subjective, so while if there is an interesting problem to solve like with Privatebet, then I of course will do the "magic" API, but the user interface part is done by others. I think my role is to make a system that allows others to easily create decentralized applications that are making money.

If the community wants XYZ application, then I will make sure the infrastructure is in place to allow this to be done as easily as possible. It could be a matter of a few days via tradebots, so maybe what we should do is have a "tradebots university" where we train people how to write tradebots (they can do a lot more than just trade, in fact they are Turing complete, so they can do anything) and then these tradebot writers will be able to make a living writing things that the community wants.

I am not sure if I answered your question.

James

P.S. After I complete the first batch of all this, I will take a long vacation to recharge. At some point, we should get a dozen more devs and I can train them. How I am so productive is not magic, just years of experience on how to be productive and this is trainable. The intuitive flashes I get does not seem to be something that can be learned, you have it or you dont

http://www.digitalcatallaxy.com/report2015.html
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August 11, 2014, 04:06:36 PM
 #3170

Good point on XNF. I can't find any audits or anything.

Is there a NXT asset for BTCD so I can purchase some on the AE? I can't seem to find one. Shark fund is quite a bit above my current NXT balance level to even get a handful of shares.

As soon as I get Teleport into testing I will get mgwBTCD live on NXT AE

Does this mean BTCD <--> NXT will be a go?  (sorry, I have not used the mgw)
yes of course we will have BTCD <-> NXT, in addition to many others

http://www.digitalcatallaxy.com/report2015.html
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August 11, 2014, 04:07:42 PM
 #3171

I prefer the bcnext method of implementing errors into the code over the remote kill switch method.
How do you I wont do both Smiley
Also, BCNext did put in a remote kill switch, at least I think he did

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August 11, 2014, 04:09:14 PM
 #3172

Voted.
I'm getting a couple of cryptographer friends to look over the darkpaper. Hopefully we'll get some good feedback. Like 'ok, my job just got a lot harder.'
I am not using any new form of crypto with some possible unknown vulnerability, so maybe it is also good to get opinion of people just familiar with bitcoin tech

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August 11, 2014, 04:10:35 PM
 #3173


I can help with transcription of the darkpaper into LaTeX format if wanted. That would make the paper look somehow scientific...
Also I can do some of the designs in a vector graphics format if wanted.

Just PM me some of the devs if that help is appreciated.

Yes!
Soon I hope we will get some fancy math formulas and will definitely need something like this to display it right.
Anything to make it better will be great

I also have Chinese translation underway. Maybe we should also translate to some other major languages?

James

http://www.digitalcatallaxy.com/report2015.html
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August 11, 2014, 04:14:59 PM
 #3174

by the way http://btcd.xpool.ca/   doesn't work for many hours.
Also a bit worried about this. It seems shares are still being submitted as normal. Safe to assume payouts will continue as normal?
We will soon start our official pool, should be in less than 24 hours, we are curentlly testing, if you like to join just PM me or join me on skype, my id is theXpooky

Any reason you've delisted my pool as the official? You know, you can point your domain at it too and I can debrand from Xpool.

Thanks

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!
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August 11, 2014, 04:16:13 PM
 #3175

Just an idea here, but I DO believe it holds merit for consideration.
***(Independent verified audit: BTCD assets)

A few weeks ago Sync Foundations announced and Independent Lawfirm review. I am no legal eagle, but it sounded like a true independent audit. On PAGE 160 here James listed assets, then added more info on how complex this coin is getting to achieve the stated result(s). I propose we do the same thing with our coin. From what I read here,it seems to me just on asset-basis, our coin is undervalued by at least 1/10 right now! So, there is James reason to believe we will be in TOP-10. But, when other coins implement our technology, the streams of revenues from what,over 5 sources, will be unimaginable to me after 12 months!! I actually see a 1:1 ratio with BITCOIN at some point. Probably 12-24 month window is very realistic, imho & from my simple perspective.

I just wish I could do more. I was asked to help here, but I failed. The man I was asked to contact simply replied,
"I may answer the email after 3-4 months". So, I tried, but failed because we needed a much more timely response from him regarding our coin devel0pment's Black Paper.The reply was received from a friend who knew how to contact the man, so I know he never gave the reason for my wanting to contact him in the first place.

I am 53 with a family.Times are horrific for us here.Fired almost 3 yrs ago w/ no job prospects nor any benefits, so you may be able to imagine. I am blessed and grateful to my landlord to be so patient with us.YES, there are good people out there in the world. I only mention these things to highlight what motivation I do have here. I want to help, but don't know what I can do of any merit worth anything. My online time is nearly like James'. I have been ripped off so many times trying to make some sort of income online it makes me sick just thinking about it!! I can easily dedicate 10 hours a day to this coin. But, I have no tech skills. Just honesty, integrity, perseverance and a fighting spirit.This IS an uphill battle after all, isn't it?

Sincerely,
~darylluke.
I am all for optimism, but lets not get carried away. 1:1 against bitcoin is quite far away, unless you are talking about the price of each coin and not the marketcap

You have big energy, this is very much needed. You can help by bringing more people into the community, especially C devs for tradebots. I am still a few months away from having the tradebots university thing ready, but maybe its not too early to get people signed up for it. I am not sure yet the best way to conduct it, maybe just via posts on a separate thread will do.

There is also the social media thing, I dont use it at all, but I hear it is quite popular. Maybe there are things you can help with there. contact Azeh, this is more in his area than mine of course.

James

http://www.digitalcatallaxy.com/report2015.html
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August 11, 2014, 04:22:52 PM
 #3176

I have some questions for jl777/dev team;

[snipped]


Seems to me there's no point reinventing the wheel. BTCD is integrating with the NXT blockchain which should allow it to do stuff like peer finance and voting, so why does BTCD have to redevelop those same features. Also, if a coin can do one thing (that people want) well, then that may be all it needs. This is ultimately about gaining real world adoption, not about adding stuff that altcoin investors might consider cool. If bitcoin users start using bitcoindark to teleport their funds, then that'll gain it a lot more adoption and value than adding feature after feature.
We dont know what is needed to crack the non-crypto market, but I know that I dont know what the magic application is. By making an "operating system" and making it as good as can be, then making sure we get as many devs making as many apps as possible (like AppStores) we can maximize the chance of mass market adoption.

I think we need to combine the above shotgun approach with a rifle approach and pick the big payoff target, which is corporate use of Bitcoin that is turned dark. Corporations dont use bitcoin since it is crazy to let competition know your finances in realtime. With teleport, that is not a risk anymore, so for the first time ever, there is a chance for corporations to adopt crypto. Also, let us no kid ourselves into thinking they will use BTCD. BTC is the only thing they will consider at first. In any case there isnt enough BTCD for corporate use, certainly not at our current marketcap.

So, we need someone to head up this corporate marketing/sales effort. It needs to be someone with experience selling to large corporations, maybe someone that already works in the finance dept of one of them?

James

P.S. also need someone to head up the AppStore initiative. Still in the formation stage as we dont have any framework for it yet, but we can maybe start defining some goals, required items, etc.

http://www.digitalcatallaxy.com/report2015.html
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August 11, 2014, 04:26:53 PM
 #3177

In the spirit of Monty Python I would like to register a complaint Grin
well it's just about the Mac wallet problem I was reporting about earlier, that over 50% of the mined blocks were rejected. I tried using the windows wallet, also under mac but used parallels to run my windows on it, and I get significantly better results. so there is obviously something not right with the mac wallet. I wish this gets fixed.
if there is any additional info I can provide let me know!
I can confirm the Parallels on Mac gets fewer dropped blocks than the pure mac wallet. I only had one rejected block since I switched. this is big improvement.

Unfortunately, I am not GUI dev so I cant fix this. Maybe we can just recommend for Mac users to stake using Parallels, at least until it gets fixed

http://www.digitalcatallaxy.com/report2015.html
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August 11, 2014, 04:49:57 PM
 #3178

James,

1:1 BTC:BTCB valuation within 12-24 months is not unrealistic inho, from my simplistic view of things here.

I believe others here who know cryto coins better than I would agree. Our total coins out is way below BTC,
so market cap vs. BTC will, of course be WAY smaller than them. They, of course are the HORSE which draws us coins around(in the "cart"), right? NOBODY will ever unseat their #1 position. I don't care what anyone sez in that area.
What is good for BTC, is GREAT for us!! BTC actually seems to need us. But, that is a topic for another thread, which I am unwilling to make. Suffice to say it is a win/win for BOTH coins what you all are doing with this coin!!

~darylluke.
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August 11, 2014, 05:08:53 PM
 #3179

I have some questions for jl777/dev team;

[snipped]


Seems to me there's no point reinventing the wheel. BTCD is integrating with the NXT blockchain which should allow it to do stuff like peer finance and voting, so why does BTCD have to redevelop those same features. Also, if a coin can do one thing (that people want) well, then that may be all it needs. This is ultimately about gaining real world adoption, not about adding stuff that altcoin investors might consider cool. If bitcoin users start using bitcoindark to teleport their funds, then that'll gain it a lot more adoption and value than adding feature after feature.
We dont know what is needed to crack the non-crypto market, but I know that I dont know what the magic application is. By making an "operating system" and making it as good as can be, then making sure we get as many devs making as many apps as possible (like AppStores) we can maximize the chance of mass market adoption.

I think we need to combine the above shotgun approach with a rifle approach and pick the big payoff target, which is corporate use of Bitcoin that is turned dark. Corporations dont use bitcoin since it is crazy to let competition know your finances in realtime. With teleport, that is not a risk anymore, so for the first time ever, there is a chance for corporations to adopt crypto. Also, let us no kid ourselves into thinking they will use BTCD. BTC is the only thing they will consider at first. In any case there isnt enough BTCD for corporate use, certainly not at our current marketcap.

So, we need someone to head up this corporate marketing/sales effort. It needs to be someone with experience selling to large corporations, maybe someone that already works in the finance dept of one of them?

James

P.S. also need someone to head up the AppStore initiative. Still in the formation stage as we dont have any framework for it yet, but we can maybe start defining some goals, required items, etc.

Is someone keeping track of those BTCD related todos? (I do partially.)  Something like trello?
I am very disorganized. Often I find some company is getting millions of VC funding, and for an idea I had a few years before
I post so hopefully none of the good ideas are forgotten

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August 11, 2014, 05:11:43 PM
 #3180

I prefer the bcnext method of implementing errors into the code over the remote kill switch method.
How do you I wont do both Smiley
Also, BCNext did put in a remote kill switch, at least I think he did

Critics would say "The dev put in a backdoor", bad marketing. Better automate it ;-)
It just wont work properly for clones, in probably unpredictable ways. We need to put big red letter warnings so anyone thinking of cloning will have to go through the source code line by line to find and remove the BTCD dependency.

Of course, maybe this dependency is not solely in the source code, but only apparent when you combine the data set and even some network topology factors Smiley

James

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