BTCD is no more

[cloudboy]

For 2 weeks now I've been watching this pennant formation form on the daily chart.   
It's coiled up up pretty tight. Looks like we might have a breakout any day now.

Oh, it's coming 

[Counterpartybtc]

wow , we will to da moon.

[criptix]

loading as much ammo as possible right now *choo choo*  

/edit

question about mgw:

is there a way to profit from mgw?
like im understanding you get mgwbtc/mgwltc by depositing btc/ltc, then you can sell it for nxt right?

now is there a way to get shares of mgw itself? (or does something like that even exist?)
might be really interesting to get dividends from the trading fees (even though there are no right now lol)

[clovis A.]

loading as much ammo as possible right now *choo choo*  

/edit

question about mgw:

is there a way to profit from mgw?
like im understanding you get mgwbtc/mgwltc by depositing btc/ltc, then you can sell it for nxt right?

now is there a way to get shares of mgw itself? (or does something like that even exist?)
might be really interesting to get dividends from the trading fees (even though there are no right now lol)

"mgw" asset is available on nxt asset exchange 

ASSET ID: 10524562908394749924

[jl777]

unlike the local file encryption, that went faster than I expected!
always hard to estimate time to do stuff you havent done before

it turned out my onionizing code was already pretty much ready for adding intermediate layers, so I just needed to create a list of peers to be able to randomly select one for each layer and write an iterative function that just wrapped each layer into the output of the previous

still untested, but once I get 3 layers working, then 4, 5, 6, ... are all just part of the same code, so if 3 and 4 work (I have two alternative buffers for src and dest), then I think 254 layers will work too, just will take a long time.

I created an "Lfactor" in the coin JSON to specify the max number of onion layers that are added. There is always the layer to the final destination and if it is a broadcast packet, then no need for any onion layers (gotta fix that in the code!) and another layer for the privacy server with 0 to Lfactor layers in between.

This creates an N*L problem.

Remember the M of N multisig fragments? What if someone uses N of 254 and L of 100? that would be 25400 packets just for a single telepod! Seems like I need to really require a giant deposit for anything crazy like that.

With a random selection of Lfactor and N, the average N*L is:

(max N/2) * (Lfactor/2), with the max being 4 times that
so if the average teleport has 5 telepods, we have (5 * maxN * Lfactor) / 4 as the expected number of packets

Some seriously large bandwidth can be used, so I need to really clamp down on Lfactor. Maybe just a max of 3? I think that is plenty good as any attacker getting a packet wont know even the dest after the next, nor whether that is the final destination.

Next up is to code some local accounting as that ties into local encryption/decryption, I want to see what sort of code is needed for some basic teleport accounting. Expanding it will be much easier once the basics are there.

Also need to get the broadcast pathway and updating of peerinfo's but that code is what I just did for local info, so will just be a matter of making the right call in the right place and sending the packet to the right entry point.

It seems I am forgetting something...

Maybe need some API calls to allow creation of traceable telepods. Not for ordinary use, but at least one person needs to do this to inject telepods into the teleport economy.

The pieces are coming together like two glaciers gradually colliding with each other

James

P.S. somebody liked my 82.5 NXT bid for BTCD, I put another one there. it is nice 15%+ premium over market price

[jl777]

loading as much ammo as possible right now *choo choo*  

/edit

question about mgw:

is there a way to profit from mgw?
like im understanding you get mgwbtc/mgwltc by depositing btc/ltc, then you can sell it for nxt right?

now is there a way to get shares of mgw itself? (or does something like that even exist?)
might be really interesting to get dividends from the trading fees (even though there are no right now lol)

MGW is operating in non-profit mode for deposits and withdraws and NXT AE costs 1 NXT per bid/ask regardless of how much the transaction if for. I think the largest tx was 50 BTC exchanged, it cost 1 NXT in fees, probably some sort of record

InstantDEX will be providing realtime orderbooks, arbitrary trading pairs, multiple clearance methods and it will be charging a trade commission only on completed trades. NXT AE charges for every bid or ask, plus another time if you cancel. good for large tx, not so good for lots of small trades or in fast moving market

MGW will be getting the same revenue share from InstantDEX as BTCD stakers will get.
MGW asset number is 10524562908394749924 currently trading between 7 and 10 NXT
InstantDEX asset number is 15344649963748848799 currently trading between 32 and 33 NXT

James

P.S. InstantDEX will get 10 times the dividends as MGW so it currently undervalued relative to MGW, probably due to its higher price.

[criptix]

loading as much ammo as possible right now *choo choo*  

/edit

question about mgw:

is there a way to profit from mgw?
like im understanding you get mgwbtc/mgwltc by depositing btc/ltc, then you can sell it for nxt right?

now is there a way to get shares of mgw itself? (or does something like that even exist?)
might be really interesting to get dividends from the trading fees (even though there are no right now lol)

MGW is operating in non-profit mode for deposits and withdraws and NXT AE costs 1 NXT per bid/ask regardless of how much the transaction if for. I think the largest tx was 50 BTC exchanged, it cost 1 NXT in fees, probably some sort of record

InstantDEX will be providing realtime orderbooks, arbitrary trading pairs, multiple clearance methods and it will be charging a trade commission only on completed trades. NXT AE charges for every bid or ask, plus another time if you cancel. good for large tx, not so good for lots of small trades or in fast moving market

MGW will be getting the same revenue share from InstantDEX as BTCD stakers will get.
MGW asset number is 10524562908394749924 currently trading between 7 and 10 NXT
InstantDEX asset number is 15344649963748848799 currently trading between 32 and 33 NXT

James

P.S. InstantDEX will get 10 times the dividends as MGW so it currently undervalued relative to MGW, probably due to its higher price.

thanks for the explanation 

[jl777]

now there is reasonable trading volumes on mgwBTCD, someone needs to get a hold of coinmarketcap so they will add its volumes to the total BTCD volumes. They already are getting data from NXT AE for JLH, nemstake and others, so this shouldnt be so much work for them

MGW is already the #3 place for BTCD volumes!
and the withdraw times are a bit less than the one week that cryptsy takes, but it has 1 NXT fee to trade and .02 BTCD fee to withdraw

James

[PilotofBTC]

loading as much ammo as possible right now *choo choo*  

/edit

question about mgw:

is there a way to profit from mgw?
like im understanding you get mgwbtc/mgwltc by depositing btc/ltc, then you can sell it for nxt right?

now is there a way to get shares of mgw itself? (or does something like that even exist?)
might be really interesting to get dividends from the trading fees (even though there are no right now lol)

THe short answer is yes. The long answer is, I don't know which asset is the correct one. James has a large list of interlocking and over lapping assets, some pay dividends, and some just hold other assets. I think if you hold the mgw asset you will possilby get dividend and maybe the price will go up. But, read the asset descriptions carefully.

[jl777]

loading as much ammo as possible right now *choo choo*  

/edit

question about mgw:

is there a way to profit from mgw?
like im understanding you get mgwbtc/mgwltc by depositing btc/ltc, then you can sell it for nxt right?

now is there a way to get shares of mgw itself? (or does something like that even exist?)
might be really interesting to get dividends from the trading fees (even though there are no right now lol)

THe short answer is yes. The long answer is, I don't know which asset is the correct one. James has a large list of interlocking and over lapping assets, some pay dividends, and some just hold other assets. I think if you hold the mgw asset you will possilby get dividend and maybe the price will go up. But, read the asset descriptions carefully.

InstantDEX is the most direct play for trading commissions as it will be InstantDEX generating the commissions. half of it is allocated to InstantDEX asset holders and the other half is shared among various contributing parties, BTCD stakers, MGW asset holders, issuer of asset, NXTprivacy, NXTcoinsco.

If this is all too complicated, JLH owns pieces of all these (other than BTCD) so that is diversified way to get a horizontal slice.

sharkfund0 is a concentrated fund that will benefit from Teleport

James

[criptix]

i donated 9,x btcd to round up the numbers

i looked at the instantdex asset, seems as not much trading going on?

/edit

nvm, im using nxtreporting to look at it now.

[Juicemixer]

JLH doesn't pay any dividends though. You can't really buy JLH and expect a dividend payout even if you are receiving a portion of all the other assets. It's more like you hold and sell later and hope someone buys it higher than you payed for it. I own 10k JLH so I knew it was going to be a long term asset. Which btw, if you want to buy some JLH just place a buy order in over at poloniex and wait for someone to sell into it. The people over there is basically giving it away although very slowly so it might take some time to fill in the order.

[jl777]

i donated 9,x btcd to round up the numbers

i looked at the instantdex asset, seems as not much trading going on?

/edit

nvm, im using nxtreporting to look at it now.

secureae.com is another good site, click on the smart assets link

[jl777]

JLH doesn't pay any dividends though. You can't really buy JLH and expect a dividend payout even if you are receiving a portion of all the other assets. It's more like you hold and sell later and hope someone buys it higher than you payed for it. I own 10k JLH so I knew it was going to be a long term asset. Which btw, if you want to buy some JLH just place a buy order in over at poloniex and wait for someone to sell into it. The people over there is basically giving it away although very slowly so it might take some time to fill in the order.

yes, polo traders are opposite of hodlers
definitely different assets for different risk profiles, income requirements
I just dont have time to get it all properly explained
too busy bringing them to life
maybe next year I will have time to properly document the assets, but by then the dividends will do the most clear explaining

[Juicemixer]

i donated 9,x btcd to round up the numbers

i looked at the instantdex asset, seems as not much trading going on?

/edit

nvm, im using nxtreporting to look at it now.

Nxtreporting is having problems. Just wanted to mention incase you didn't know. It hasn't updated in three days now. Should be fixed by Monday from what I've read.

InstantDEX went up a substantial amount today which makes me glad I got my order in a few days ago.

[jl777]

I had a feeling something was missing from my todo list.
I found a leak of info!

When doing the M of N fragmenting, I only do this for the most important part of the telepod, but I must have been tired when I decided to do that as the processing time isnt that much and this totally leaks the details of the teleport to the random node in the middle!

Good thing I go over the code, many many times so horrible mistakes like this are found and fixed before releasing.

Need to get some lunch before solving this one

James

[jl777]

i donated 9,x btcd to round up the numbers

i looked at the instantdex asset, seems as not much trading going on?

/edit

nvm, im using nxtreporting to look at it now.

Nxtreporting is having problems. Just wanted to mention incase you didn't know. It hasn't updated in three days now. Should be fixed by Monday from what I've read.

InstantDEX went up a substantial amount today which makes me glad I got my order in a few days ago.

I think someone just figured out InstantDEX should be worth a lot more and the lowest ask is 46!?
I hope it doesnt turn into a bubble, not so many people are selling InstantDEX

James

[jl777]

i donated 9,x btcd to round up the numbers

i looked at the instantdex asset, seems as not much trading going on?

/edit

nvm, im using nxtreporting to look at it now.

Nxtreporting is having problems. Just wanted to mention incase you didn't know. It hasn't updated in three days now. Should be fixed by Monday from what I've read.

InstantDEX went up a substantial amount today which makes me glad I got my order in a few days ago.

I think someone just figured out InstantDEX should be worth a lot more and the lowest ask is 46!?
I hope it doesnt turn into a bubble, not so many people are selling InstantDEX

James

I hate to sell it, but I also dont want it to sell for too high a price too soon so I made some available at 40.
just noticed on secureae the top 7 traded assets:
mgwBTC, nemstake, MGW, nxttycoin, instantDEX, mgwBTCD(!), jl777hodl (aka JLH)

5 of the top 7 traded assets (8 millon NXT/wk ~$250K USD).
maybe that's why some call me the asset master

[criptix]

sell me some tommorow, i will get some nxt by then 

[Juicemixer]

I think someone just figured out InstantDEX should be worth a lot more and the lowest ask is 46!?
I hope it doesnt turn into a bubble, not so many people are selling InstantDEX

James

During the whole Bter incident someone bought up all the MGW assets leaving only one sell order up. Price has stayed steady since then which kind of made me sad. Loved to had picked up more at the 3 nxt range I first purchased at. Speaking of, followers of btcd I noticed are the only people that actually cheer for the coin to go down in price as the time nears for the new wallet release. Even when the coin lost half it's value after the first pump no one was chanting doom and gloom. It was all around highfives as they purchased more.