BTCD is no more

[clovis A.]

Listening now Cassius..... great job so far man!  http://letstalkbitcoin.com/blog/post/beyond-bitcoin-19-supernet

Network stake: 557,469

[1714815126]

1714815126

[1714815126]

1714815126

[1714815126]

1714815126

[1714815126]

1714815126

[Cassius]

Listening now Cassius..... great job so far man!  http://letstalkbitcoin.com/blog/post/beyond-bitcoin-19-supernet

Network stake: 557,469

I don't think there's a correlation between those 2 things

[clovis A.]

Listening now Cassius..... great job so far man!  http://letstalkbitcoin.com/blog/post/beyond-bitcoin-19-supernet

Network stake: 557,469

I don't think there's a correlation between those 2 things

Lol, I agree.  I've been watching the stake closely and figured it was a great opportunity to provide an update .  Just like it is now.... we're all over the place with stake weight

403,944

[clovis A.]

Truly well done on "Beyond Bitcoin" Mr. Cassius !!!!  If you have not listened, I urge you to do so.....

NW Stake:  177,111

[CryptoGuu]

cheap btcd's on trex

[Cassius]

Hey everyone,
there's a 'working draft' of the white paper available. If you're not on Slack already, please sign up and take a look in the whitepaper channel.
I'm looking for pretty robust feedback - I want this to be as useful a document as possible. It's necessarily technical, but I don't want it to be needlessly so - whilst still explaining everything it needs to.
Keep it constructive, but I have a fairly thick skin so don't hold back.
From a marketing perspective it may make sense to have a different doc - or a series of docs - but this is a starting point for confidence in BTCD/SuperNET's tech.

[visual111]

Hey everyone,
there's a 'working draft' of the white paper available. If you're not on Slack already, please sign up and take a look in the whitepaper channel.
I'm looking for pretty robust feedback - I want this to be as useful a document as possible. It's necessarily technical, but I don't want it to be needlessly so - whilst still explaining everything it needs to.
Keep it constructive, but I have a fairly thick skin so don't hold back.
From a marketing perspective it may make sense to have a different doc - or a series of docs - but this is a starting point for confidence in BTCD/SuperNET's tech.

Could you post a link to slack channel?

[Cassius]

Hey everyone,
there's a 'working draft' of the white paper available. If you're not on Slack already, please sign up and take a look in the whitepaper channel.
I'm looking for pretty robust feedback - I want this to be as useful a document as possible. It's necessarily technical, but I don't want it to be needlessly so - whilst still explaining everything it needs to.
Keep it constructive, but I have a fairly thick skin so don't hold back.
From a marketing perspective it may make sense to have a different doc - or a series of docs - but this is a starting point for confidence in BTCD/SuperNET's tech.

Could you post a link to slack channel?

https://sprnt.slack.com/messages/whitepaper/

[jl777]

cheap btcd's on trex

whale dumper is back, but much smaller amounts this time

[jl777]

Hey everyone,
there's a 'working draft' of the white paper available. If you're not on Slack already, please sign up and take a look in the whitepaper channel.
I'm looking for pretty robust feedback - I want this to be as useful a document as possible. It's necessarily technical, but I don't want it to be needlessly so - whilst still explaining everything it needs to.
Keep it constructive, but I have a fairly thick skin so don't hold back.
From a marketing perspective it may make sense to have a different doc - or a series of docs - but this is a starting point for confidence in BTCD/SuperNET's tech.

Could you post a link to slack channel?

https://sprnt.slack.com/messages/whitepaper/

If you need an invite to slack, just PM me your email address

[YesOrNo]

I'm also wondering whether going open source is a good idea or not. If a clone platform comes out where fees are half the price, won't ordinary everyday users who want things like cloud storage just go with the cheapest option? This isn't like Bitcoin, since the value of this platform is derived from the services not from a currency... I therefore anticipate clones to be more damaging than ordinary coin clones.

Wonder what James thinks about this.  In my opinion, I really like the openness of SuperNET.  That's really the way it should be in the crypto world.

In my opinion it would be insane to give code to scammers to copy. As we all see James working hard weeks and source have to be closed at least 3-6 months.
Can somebody tell me who first announced and create principles SuperNet(or whatever you want name it) network and how it will work ?
Soon it turned out that the same idea has been copied ( probably someone will say that was a coincidence /for sure in an environment where 99,9 percent ideas are copied )
Certainly they have a spy close to James or they want him to be closer
dot.

[jl777]

I'm also wondering whether going open source is a good idea or not. If a clone platform comes out where fees are half the price, won't ordinary everyday users who want things like cloud storage just go with the cheapest option? This isn't like Bitcoin, since the value of this platform is derived from the services not from a currency... I therefore anticipate clones to be more damaging than ordinary coin clones.

Wonder what James thinks about this.  In my opinion, I really like the openness of SuperNET.  That's really the way it should be in the crypto world.

In my opinion it would be insane to give code to scammers to copy. As we all see James working hard weeks and source have to be closed at least 3-6 months.
Can somebody tell me who first announced and create principles SuperNet(or whatever you want name it) network and how it will work ?
Soon it turned out that the same idea has been copied ( probably someone will say that was a coincidence /for sure in an environment where 99,9 percent ideas are copied )
Certainly they have a spy close to James or they want him to be closer
dot.

Internet of coins published a similar concept a couple weeks before I announced SuperNET, but their solution wasnt described and it turned out to be a totally different approach.

After getting 5700+ BTC and almost 1000 different investors and about 6 weeks later, we are seeing projects with similar approaches to SuperNET or at least in the same space.

I have opened sourced even my active dev branch. https://github.com/jl777, so no need to infiltrate a spy, just follow my commits.

If there are any clone devs who are able to keep up with me, I want to hire them! A privacy solution that is closed source is DOA in my opinion. Any single subtle bug and all the anonymity is gone. Even Tor, which is a significant project, is always getting this attack or that. Imagine a closed source project, anything would be possible. So, any anon tech that is not open source, I recommend to avoid.

Now, if anybody wants to use a clone of BTCD with a clone of SuperNET using a clone of NXT using a clone of the SuperNET GUI, instead of the original, well, why would they? What happens if there is a bug due to a mistake in the cloning or some subtle algo problem that requires the original author to fix it? it is quite likely that if any significant part of the total solution is changed, nothing will work.

I dont think you realize how difficult it is to get a stable system as complex as what I am building. Even timing dependencies are important. It is like taking the engine and transmission from one car and just expecting to pop it into another. will it work? probably to some degree. will it perform at maximum levels where the wind resistance is tuned along with using the heat output to recharge the batteries to give extra battery voltage, which allows some extra feature, which is needed for another, etc.

Since I am coding and coding and not spending the time to document the specific reasoning for all the choices, that means just cut and paste will make, another SuperNET node!

Now LTC has maintained 1/100 to 1/30'th of BTC value and this is probably about right for a clone. With SuperNET worth several million, that means a clone will be worth less than $100K
It takes a lot more than 1000 hours to create something like BTCD + SuperNET.

Also, the 5700 BTC gives some protection to SuperNET and thus BTCD as without it, I just dont see getting many coins to cooperate. Without significant funding, there is no "glue" to bind together a supernetwork and after the blocknet result, I doubt any clone scammer will be able raise any significant amount of funding.

James

[halum]

Dividends in BTC for BTCD Holders

BitcoinDark will be the first cryptocurrency to pay regular dividends in a form other than itself, in a game-changing new development that will shift the way investors view different currencies.

A percentage of revenues generated from InstantDEX and Teleport fees will be paid to BTCD holders. Payments can be made in any currency or asset, to the associated address in the BTCD wallet’s built-in asset exchange.

BitcoinDark is the only cryptocurrency that will reward holders with income denominated in Bitcoin.



**Proof of Stake Reward**: 5% per year
**Minimum Coin Stake Age**: 8 hours

It appears as though the BitcoinDark wallet automatically disables the staking feature if the user encrypts the wallet; therefore, any BTCD holder who encrypt their BitcoinDark wallet will not be able to stake and as a result, will not receive 5% interest on the BTCDs in their wallet.  If this is correct, then those who are security minded and choose to enable encryption on their BitcoinDark wallet are being penalized for trying to protect their BTCDs in the most basic way and usually recommended by crypto-currencies security professionals.

Is there a current plan for a work around this staking problem?

Thank you.

[jl777]

Dividends in BTC for BTCD Holders

BitcoinDark will be the first cryptocurrency to pay regular dividends in a form other than itself, in a game-changing new development that will shift the way investors view different currencies.

A percentage of revenues generated from InstantDEX and Teleport fees will be paid to BTCD holders. Payments can be made in any currency or asset, to the associated address in the BTCD wallet’s built-in asset exchange.

BitcoinDark is the only cryptocurrency that will reward holders with income denominated in Bitcoin.



**Proof of Stake Reward**: 5% per year
**Minimum Coin Stake Age**: 8 hours

It appears as though the BitcoinDark wallet automatically disables the staking feature if the user encrypts the wallet; therefore, any BTCD holder who encrypt their BitcoinDark wallet will not be able to stake and as a result, will not receive 5% interest on the BTCDs in their wallet.  If this is correct, then those who are security minded and choose to enable encryption on their BitcoinDark wallet are being penalized for trying to protect their BTCDs in the most basic way and usually recommended by crypto-currencies security professionals.

Is there a current plan for a work around this staking problem?

Thank you.

you can stake with encrypted wallet
just unlock wallet and make sure the "for staking only" is selected

[RichardT]

I'm also wondering whether going open source is a good idea or not. If a clone platform comes out where fees are half the price, won't ordinary everyday users who want things like cloud storage just go with the cheapest option? This isn't like Bitcoin, since the value of this platform is derived from the services not from a currency... I therefore anticipate clones to be more damaging than ordinary coin clones.

Wonder what James thinks about this.  In my opinion, I really like the openness of SuperNET.  That's really the way it should be in the crypto world.

In my opinion it would be insane to give code to scammers to copy. As we all see James working hard weeks and source have to be closed at least 3-6 months.
Can somebody tell me who first announced and create principles SuperNet(or whatever you want name it) network and how it will work ?
Soon it turned out that the same idea has been copied ( probably someone will say that was a coincidence /for sure in an environment where 99,9 percent ideas are copied )
Certainly they have a spy close to James or they want him to be closer
dot.

Bitcoin has been "copied" hundreds/thousands of times by scammers.  That doesn't make Bitcoin any weaker or less relevant.  What no one can make a copy of is Satoshi.  Along the same lines, no one can make a copy of jl777. 

Unless of course, James has an identical twin brother who is equally as intelligent, then someone could kidnap Jame's twin brother and force him code for them.

[halum]

It appears as though the BitcoinDark wallet automatically disables the staking feature if the user encrypts the wallet; therefore, any BTCD holder who encrypt their BitcoinDark wallet will not be able to stake and as a result, will not receive 5% interest on the BTCDs in their wallet.  If this is correct, then those who are security minded and choose to enable encryption on their BitcoinDark wallet are being penalized for trying to protect their BTCDs in the most basic way and usually recommended by crypto-currencies security professionals.

Is there a current plan for a work around this staking problem?

Thank you.

you can stake with encrypted wallet
just unlock wallet and make sure the "for staking only" is selected

Hi jl777,


Thank you for your prompt reply. I did what you suggested and the BTCDs in my wallet in currently staking.


Cheers!

[crackfoo]

The latest shift for the BitcoinDark multipool paid out over 60 BTCD.

We need more mining support. It is down 40% from several weeks ago. Help and point your old ASIC's to the pool and pick up more and more of these cheap BTCD while we still can!

Cheers!

[jl777]

Added "stop", "start", "GUIpoll" and "settings" API calls

This allows the SuperNET to be stopped and restarted. Especially useful after the settings API is used to modify the SuperNET.conf. GUIpoll allows the GUI to receive the results of pending requests. With these, I believe all the interface API are in place, so the GUI can be completed.

Now I go back to debugging teleport, current status there is that maketelepods creates telepods and telepodacct displays the telepods that you have, including the changing status. It should also display all the transactions relative to a specific contact or coin or everything.

Also, the contacts API appears to work fine.

James

P.S. also fixed a subtle and small info leak in onion construction, thanks to discussions with Cassius

[jeezy]

Added "stop", "start", "GUIpoll" and "settings" API calls

This allows the SuperNET to be stopped and restarted. Especially useful after the settings API is used to modify the SuperNET.conf. GUIpoll allows the GUI to receive the results of pending requests. With these, I believe all the interface API are in place, so the GUI can be completed.

Now I go back to debugging teleport, current status there is that maketelepods creates telepods and telepodacct displays the telepods that you have, including the changing status. It should also display all the transactions relative to a specific contact or coin or everything.

Also, the contacts API appears to work fine.

James

P.S. also fixed a subtle and small info leak in onion construction, thanks to discussions with Cassius

Thanks for the frequent updates James. Keep up the good work!

[jl777]

Added "stop", "start", "GUIpoll" and "settings" API calls

This allows the SuperNET to be stopped and restarted. Especially useful after the settings API is used to modify the SuperNET.conf. GUIpoll allows the GUI to receive the results of pending requests. With these, I believe all the interface API are in place, so the GUI can be completed.

Now I go back to debugging teleport, current status there is that maketelepods creates telepods and telepodacct displays the telepods that you have, including the changing status. It should also display all the transactions relative to a specific contact or coin or everything.

Also, the contacts API appears to work fine.

James

P.S. also fixed a subtle and small info leak in onion construction, thanks to discussions with Cassius

Thanks for the frequent updates James. Keep up the good work!

no problem. I feel like I am not making much progress as I never get to where I can debug teleport itself, but all these other things need to be in place for a user friendly GUI based solution.

I added a mode with "settings" API that allows the entire SuperNET.conf file to be replaced, so the first time you run the GUI, it can walk you through the basic variables that are needed and make a working SuperNET.conf. Then it can automatically relaunch the SuperNET, so from the end user point of view, it should just look like it works.

Then there will be a settings page where you can see and change each setting, so the forms on this page just call the settings API to update a specific field.

James