BTCD is no more

[AltCoinBuddah]

I don't think this is pumping anymore is it?

[Fern]

Wait for the next BTC parabolic rise, most likely next year. BTCD around the $100 wouldn't surprise.

[jl777]

sneak peek at new BTCD GUI: https://forum.thesupernet.org/index.php?topic=246.msg1718;topicseen#msg1718

James

[PhilipMorris]

So James I know that you said earlier it would be a race to see which finishes first, the GUI or all the new tech coming out. Seems like the wallet is almost done, how is the tech? Are we talking about days? Weeks? Would be very nice to see BTCD along with BTC to new levels 

[jl777]

So James I know that you said earlier it would be a race to see which finishes first, the GUI or all the new tech coming out. Seems like the wallet is almost done, how is the tech? Are we talking about days? Weeks? Would be very nice to see BTCD along with BTC to new levels 

We are still some weeks away, but a lot of independent things are in motion and we might get staged releases. There is a v1 project management team that is dealing with release issues. I am still quite busy finishing up the API level code.

I just pushed a version that creates database files for each exchange/crypto, eg. bittrex BTCD/BTC. This is necessary to calculate the prices for converting between the currencies via InstantDEX. This is the biggest gap in the API code as to make it work the way I want, I think we will need Tradbots to automate the multistep processes needed for best practice usage for privacy.

Telepathy is working decently, but there are some cases where the connection is not quite reliable enough. We need to get the GUI to help manage the peer to peer connections and to display the transaction history between contacts.

Teleport has worked, even with BTC telepods, but need to properly integrate it with InstantDEX. Transactions are stored in the database file, but I am not happy with the accounting API quite yet and the GUI has to display it properly.

Working with a new GUI dev to get graphical display of InstantDEX orderbooks.

So, the major tech pieces are there, but not quite interfacing with each other perfectly yet.

Kristov Atlas has started the review of the design.

As you see, the GUI is making good progress and we have 100+ people in slack!

Now that BTC seems to have started reversing out of the bear market, when the fiat flows back into BTC, it will be able to flow back into the alts. However, these are really things that cant be controlled, so I will just keep working on the tech.

James

[clovis A.]

Kristov Atlas has started the review of the design.

James, can you elaborate on what exactly a design review entails?

Thanks

[nwfella]

Any bets on the price? Onto a third month of a falling knife before the SN GUI is released?

I'm willing to bet it's less than it is now (0.00493796 current high buy order on Cryptsy).

I'll wager 0.02 BTCD
..going once
..going twice

I'm going to assume you meant 0.002, not 0.02.  There is such little buy and sell volume and so few orders on the books that the price is pretty volatile and largely meaningless.  That said, it has been pretty stable with a bottom around 0.005 for the last month now.  My guess is that it will not dip below 0.004 for any significant amount of time.  I doubt that I am the only one willing to put my hand up and say that I'll be buying decent amounts at that price point.  It's laughable that it would only take 5 BTC to drop the price to 0.004 though, so who knows!.  If I had to bet whether the price would be 0.002 or 0.02 in 6 months time, I know which I would pick...

No, I meant I was willing to risk 0.02 BTCD cents that the price pre-wallet release falls below it's current level.  I too suspect that if/when it reaches 0.004 that more than a few people will be plopping some decent coin down to snatch up as much as they can.  And if/when it drops below 0.003 many will likely do the same only with more vigor.  If by some miracle we hit the 0.002 range again, this is where I suspect we might find a bottom...perhaps the 0.00225 range?  <--my absolute low-ball guess

Optimistically, maybe see another 100K satoshi's per BTCD again maybe by the middle of next year? Hopefully the new wallet release goes off without a hitch

I'm confused.  Why do you think it will keep going down with all the new tech that will be released by the end of this year?

I suspect it will continue it's downward movement for several reasons:
1.) Existing buy support for this coin is weak on both Cryptsy and Bittrex imho and overall daily purchase volume is lousy.  Not alot of new money getting into BTCD atm imho.
2.) Though new wallet soon to be released and it looks good, sounds like most of the tech is still at least several weeks away and even when released will likely require a fairly decent amount of beta-testing to work out whatever bugs will likely still be lingering.
3.) Obvious bot-like manipulation of orderbooks has been going on for sometime and it appears whomever is doing it has alotta BTCD.  (I honestly thought this was James himself for quite sometime:)
4.) Given #1 above it doesn't take much for even a relatively small bag holder to quite literally crush the price selling off a couple hundred coins at any given time.

[jl777]

Kristov Atlas has started the review of the design.

James, can you elaborate on what exactly a design review entails?

Thanks

He will produce a document like he did for DRK
If he does find any attack vectors, I will work to fix them before finalizing

James

[Cassius]

I suspect it will continue it's downward movement for several reasons:
1.) Existing buy support for this coin is weak on both Cryptsy and Bittrex imho and overall daily purchase volume is lousy.  Not alot of new money getting into BTCD atm imho.
2.) Though new wallet soon to be released and it looks good, sounds like most of the tech is still at least several weeks away and even when released will likely require a fairly decent amount of beta-testing to work out whatever bugs will likely still be lingering.
3.) Obvious bot-like manipulation of orderbooks has been going on for sometime and it appears whomever is doing it has alotta BTCD.  (I honestly thought this was James himself for quite sometime:)
4.) Given #1 above it doesn't take much for even a relatively small bag holder to quite literally crush the price selling off a couple hundred coins at any given time.

What about the other side of this - the very thin sell side?
Assuming any kind of revenue from SuperNET, btcd stakers will receive 5% of this as btcd, meaning btcd will need to be bought before payment. Given its currently tiny market cap, that should create some constant upward pressure, without factoring in its attractiveness as (effectively) a dividend-paying stock.

[durdur23]

I suspect it will continue it's downward movement for several reasons:
1.) Existing buy support for this coin is weak on both Cryptsy and Bittrex imho and overall daily purchase volume is lousy.  Not alot of new money getting into BTCD atm imho.
2.) Though new wallet soon to be released and it looks good, sounds like most of the tech is still at least several weeks away and even when released will likely require a fairly decent amount of beta-testing to work out whatever bugs will likely still be lingering.
3.) Obvious bot-like manipulation of orderbooks has been going on for sometime and it appears whomever is doing it has alotta BTCD.  (I honestly thought this was James himself for quite sometime:)
4.) Given #1 above it doesn't take much for even a relatively small bag holder to quite literally crush the price selling off a couple hundred coins at any given time.

I have as a good amount of BTCD and am still holding in spite of downtrend of the price.
I sometimes check BTCD Top 500 Rich list and where I am at and there were so little changes in ranking despite of the price decline. (http://explorebtcd.info/bitcoindark-btcd-rich-list-top-500)
Yes, it is true that buying support is drying out and not that many transactions take place for this coin.
However, in spite of this declining price trend, none of the Big coin holders seem to sell their shares.
Considering the fact that there exists not that many merchants that accept BTCD, I can safely assume that most of big whales of BTCD doesn't care about the downtrend because
1) they have firm beliefs on BTCD
or
2) they are so rich that they don't care about few dozens of thousands dollars.
Moreover, big portion of the main BTCD thread is about its development progress, not some random greedy people with euphoria.
That's why I am holding this coin and not worrying too much about current downtrend

[nwfella]

Oh I'll be trying to beef up the Buy order side with any spare satoshi's I can find whenever I can spare them for as long as the price keeps declining.  I suspect there are great things ahead for BTCD mid to long term. 

Slow and steady wins the race no?

[jl777]

Oh I'll be trying to beef up the Buy order side with any spare satoshi's I can find whenever I can spare them for as long as the price keeps declining.  I suspect there are great things ahead for BTCD mid to long term. 

Slow and steady wins the race no?

If you have any doubts, please join slack, even just to observe

100+ people and a lot of them regular contributors

just PM me your email and I will send invite.

Something very special is happening!

James

[RichardT]

Any bets on the price? Onto a third month of a falling knife before the SN GUI is released?

I'm willing to bet it's less than it is now (0.00493796 current high buy order on Cryptsy).

I'll wager 0.02 BTCD
..going once
..going twice

I'm going to assume you meant 0.002, not 0.02.  There is such little buy and sell volume and so few orders on the books that the price is pretty volatile and largely meaningless.  That said, it has been pretty stable with a bottom around 0.005 for the last month now.  My guess is that it will not dip below 0.004 for any significant amount of time.  I doubt that I am the only one willing to put my hand up and say that I'll be buying decent amounts at that price point.  It's laughable that it would only take 5 BTC to drop the price to 0.004 though, so who knows!.  If I had to bet whether the price would be 0.002 or 0.02 in 6 months time, I know which I would pick...

No, I meant I was willing to risk 0.02 BTCD cents that the price pre-wallet release falls below it's current level.  I too suspect that if/when it reaches 0.004 that more than a few people will be plopping some decent coin down to snatch up as much as they can.  And if/when it drops below 0.003 many will likely do the same only with more vigor.  If by some miracle we hit the 0.002 range again, this is where I suspect we might find a bottom...perhaps the 0.00225 range?  <--my absolute low-ball guess

Optimistically, maybe see another 100K satoshi's per BTCD again maybe by the middle of next year? Hopefully the new wallet release goes off without a hitch

I'm confused.  Why do you think it will keep going down with all the new tech that will be released by the end of this year?

I suspect it will continue it's downward movement for several reasons:
1.) Existing buy support for this coin is weak on both Cryptsy and Bittrex imho and overall daily purchase volume is lousy.  Not alot of new money getting into BTCD atm imho.
2.) Though new wallet soon to be released and it looks good, sounds like most of the tech is still at least several weeks away and even when released will likely require a fairly decent amount of beta-testing to work out whatever bugs will likely still be lingering.
3.) Obvious bot-like manipulation of orderbooks has been going on for sometime and it appears whomever is doing it has alotta BTCD.  (I honestly thought this was James himself for quite sometime:)
4.) Given #1 above it doesn't take much for even a relatively small bag holder to quite literally crush the price selling off a couple hundred coins at any given time.

I agree that there's definitely a downtrend right now and it probably will continue until the end of this year, but you're predicting that it's going to keep decreasing up to the middle of next year.  I think when everything comes together at the end of this year or early next year, there will be a lot of new people coming into BTCD.

[BTCDDev]

Lots of exciting things going on! If you are unsure, please join us on slack!

BitcoinDark has some nice days ahead 

[kingscrown]

ill do some BTCD giveaway soon on my twitter

[Abraxas147]

I installed the NXT SuperNet Client yesterday - amazing!

Just one question regarding multigateway integration:  On multigateway.org it reads BTCD is "UNDER MAINTENANCE". In the NXT SuperNet GUI BTDC seems to work, there is no message that the coin is "under maintenance". Will sending/receiving BTCD via mgwBTCD work right now?   

[BTCDDev]

I installed the NXT SuperNet Client yesterday - amazing!

Just one question regarding multigateway integration:  On multigateway.org it reads BTCD is "UNDER MAINTENANCE". In the NXT SuperNet GUI BTDC seems to work, there is no message that the coin is "under maintenance". Will sending/receiving BTCD via mgwBTCD work right now?   

mgwBTCD is currently functional.

[Cassius]

I installed the NXT SuperNet Client yesterday - amazing!

Just one question regarding multigateway integration:  On multigateway.org it reads BTCD is "UNDER MAINTENANCE". In the NXT SuperNet GUI BTDC seems to work, there is no message that the coin is "under maintenance". Will sending/receiving BTCD via mgwBTCD work right now?   

mgwBTCD is currently functional.

I'm just downloading the blockchain. It's all pretty cool

[kyma]

was hoping to see some neodice in there

[jl777]

was hoping to see some neodice in there

this is just the v0 release to allow MGW production servers
With so many different projects I expect a rolling release where we get more and more things added as they become available

James