[ANN] [XCH] ★ ClearingHouse - Freedom by Blockchain ★

[smokim87]

Just wondering and want to make sure I understand the VIA to XCH conversion process. Sorry if this was mentioned before but if I convert my Via to XCH, the burn means that my via is gone?

If so does that mean the via I converted are destroyed meaning the via i converted are removed from the total supply? Also was wondering after 45 days when the XCH supply becomes fixed, what will via be used for?

Thanks for the help.

[1714000999]

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[btcdrak]

Just wondering and want to make sure I understand the VIA to XCH conversion process. Sorry if this was mentioned before but if I convert my Via to XCH, the burn means that my via is gone?

If so does that mean the via I converted are destroyed meaning the via i converted are removed from the total supply? Also was wondering after 45 days when the XCH supply becomes fixed, what will via be used for?

Thanks for the help.

We chose not to destroy viacoins during the process. This is more a "fire-sale". We'll keep the viacoins for bounties and project developments of ClearingHouse. Running a project on community alone is long feasible long term.

To answer your other questions, once you convert XCH, you trade in your VIA irreversibly.

[smokim87]

Just wondering and want to make sure I understand the VIA to XCH conversion process. Sorry if this was mentioned before but if I convert my Via to XCH, the burn means that my via is gone?

If so does that mean the via I converted are destroyed meaning the via i converted are removed from the total supply? Also was wondering after 45 days when the XCH supply becomes fixed, what will via be used for?

Thanks for the help.

We chose not to destroy viacoins during the process. This is more a "fire-sale". We'll keep the viacoins for bounties and project developments of ClearingHouse. Running a project on community alone is long feasible long term.

To answer your other questions, once you convert XCH, you trade in your VIA irreversibly.

Thanks for the help.

So the converted via goes to development via wallet? Quite interesting and well planned out. If everyone converts their via to XCH demand goes up, via worth more hence mining via becomes more profitable for miners thus via gets even stronger than it is now.  But wondering after 45 days when the "fire-sale" is over and XCH supply becomes fixed, what can via be used for? Sorry if this was mentioned before, haven't been following news lately.

Thanks.

[qqNxt]

already 149940 burned via, at this rate there will be no more via left for burning. people are going to burn themselves burning all that via. lol
ABOUT 15MILLION XCH already! by then end of 45 days there will be one billion xch. LOL

price of via going to go very high soon once the demand hits.

ps. don't forget viacoin is the platform, xch is the service on the via platform.
via is going to be the store of value. xch is a token for exchanging assets.

[JoeRigs]

ClearingHouse records transactional information using the viacoin blockchain. To send XCH from Alice to Bob means sending a small amount of Viacoin to addresses. Those transactions have the metadata in them. This means ClearingHouse can then go back over the blockchain and extract the data from the blockchain.

Does that make sense? When you send XCH the XCH control moves from your address to the destination address. No XCH is reduced, you only pay a tiny *viacoin* fee for making the transaction (just as you would for a normal viacoin transaction).

Are you saying that I can convert the 500 XCH that is now represented as .0012 VIAcoin in my wallet back into 500 XCH (minus the small VIA fee) by sending it from my VIAcoin wallet back to ClearWallet?

If this is correct, is there any special procedure? (Or would I just send .0012 VIAcoin to my ClearWallet address?)

What i am saying is it was never converted. You sent XCH, what you are seeing, this 0.0012 is just the fee. XCH does not show up on the viacoin block explorer since it is not Via.

You say that "no XCH is reduced" and that it "wasn't converted." That implies to me that I sent 500 XCH and (because it wasn't reduced or converted) that 500 XCH still exists somewhere. Since it is not visible in my ClearWallet wallet, or in my VIA wallet, how do I retrieve it?

I am sincerely trying to understand what happened when I "sent" the 500 XCH. Normally, when you "send" something, it arrives somewhere; somebody gains access to what was sent.

[btcdrak]

ClearingHouse records transactional information using the viacoin blockchain. To send XCH from Alice to Bob means sending a small amount of Viacoin to addresses. Those transactions have the metadata in them. This means ClearingHouse can then go back over the blockchain and extract the data from the blockchain.

Does that make sense? When you send XCH the XCH control moves from your address to the destination address. No XCH is reduced, you only pay a tiny *viacoin* fee for making the transaction (just as you would for a normal viacoin transaction).

Are you saying that I can convert the 500 XCH that is now represented as .0012 VIAcoin in my wallet back into 500 XCH (minus the small VIA fee) by sending it from my VIAcoin wallet back to ClearWallet?

If this is correct, is there any special procedure? (Or would I just send .0012 VIAcoin to my ClearWallet address?)

What i am saying is it was never converted. You sent XCH, what you are seeing, this 0.0012 is just the fee. XCH does not show up on the viacoin block explorer since it is not Via.

You say that "no XCH is reduced" and that it "wasn't converted." That implies to me that I sent 500 XCH and (because it wasn't reduced or converted) that 500 XCH still exists somewhere. Since it is not visible in my ClearWallet wallet, or in my VIA wallet, how do I retrieve it?

I am sincerely trying to understand what happened when I "sent" the 500 XCH. Normally, when you "send" something, it arrives somewhere; somebody gains access to what was sent.

What address did you send the XCH to? PM me, then you can post your results.

[JoeRigs]

What address did you send the XCH to? PM me, then you can post your results.

OK, just sent you the address via PM...

[btcdrak]

There have been a few questions about the clearwallet.co. This service does not store your private keys on the server, it's all processed by BIP32 in the browser. There is no way for server operators to get access to your XCH funds. That is why the seed *is* the password. Think of it as Vialectrum online.

[PilotofBTC]

OK, I obviously don't understand something here...

I saw at Clearwallet that I had the ability to "send" my recently acquired XCH to my VIA wallet. ...So, I sent 500 XCH to see what happened.

I guess I expected to see a separate entry in the wallet showing 500 XCH. Instead, the wallet converted the 500 XCH to just .0012 VIAcoin.

I certainly didn't expect this "send" feature to reduce the 5 VIAcoin worth of XCH (5 via = 500 XCH) down to .0012 VIAcoin. Pretty glad I didn't send ALL of my XCH to my wallet. (A 99.98% devaluation is pretty harsh.)

I will translate drak's dev speak for you.

Basically, your Via wallet doesn't know anything about XCH coins. Only the clearing house wallet does. So, if you add a watch to the clearwallet for your Via wallets address it will show your XCH in all their glory.

[btcdrak]

Thank you pilot.

[PilotofBTC]

hi dev

can we set a  Google Authenticator （2FA） for https://clearwallet.co/?

then it's more safety.

Clearwallet doesnt store any data. It's all using deterministic wallets - that's what the seed is. There is therefore nothing to secure against using 2FA.

Where does the clear wallet keep watch addresses and how many address you have generated? Is that info stored on the server?

[PilotofBTC]

So the converted via goes to development via wallet? Quite interesting and well planned out. If everyone converts their via to XCH demand goes up, via worth more hence mining via becomes more profitable for miners thus via gets even stronger than it is now.  But wondering after 45 days when the "fire-sale" is over and XCH supply becomes fixed, what can via be used for? Sorry if this was mentioned before, haven't been following news lately.

Thanks.

It's an asset class like any other coin, but specifically XCH is required to issue other tokens/assets within ClearingHouse.

Will XCH be traded on exchanges or only in Clearing House?

[PilotofBTC]

U wabnt more funding? 370,000$ not enough from community? ppls cant see u are stealing their money, lol


and u issue like 0.45 btc to logos n stuff. u spent maybe 2 out of 600 btc on via yet ahahahah

He also hired two other developers to work with him. I'm 99% sure they are getting paid.

[MuffinMaster]

U wabnt more funding? 370,000$ not enough from community? ppls cant see u are stealing their money, lol


and u issue like 0.45 btc to logos n stuff. u spent maybe 2 out of 600 btc on via yet ahahahah

He also hired two other developers to work with him. I'm 99% sure they are getting paid.

Would you rather have this project be underfunded and fail like everything else or be fully funded with a strong team?

No more fly by night coins.

[btcdrak]

hi dev

can we set a  Google Authenticator （2FA） for https://clearwallet.co/?

then it's more safety.

Clearwallet doesnt store any data. It's all using deterministic wallets - that's what the seed is. There is therefore nothing to secure against using 2FA.

Where does the clear wallet keep watch addresses and how many address you have generated? Is that info stored on the server?

BIP32 means it generates the same addresses every time. They have an index, so #1 will always be the same, address #2 will always be the same etc. It is therefor unnecessary to store private keys on the server.

[PilotofBTC]

BIP32 means it generates the same addresses every time. They have an index, so #1 will always be the same, address #2 will always be the same etc. It is therefor unnecessary to store private keys on the server.

Right, but where does it store how many PK's I have generated and the watch addresses I have added? If it isn't on the server I assume it is on the client, local storage perhaps?

Also, is anyone else getting invalid cert message on the clearwallet? I'm getting this in FireFox:

clearwallet.co uses an invalid security certificate. The certificate is not trusted because no issuer chain was provided. (Error code: sec_error_unknown_issuer)


 

[kelvng105]

Hi... Is it possible to build a XCH ticket somehow? Thx

[kebabman]

Hmm, so there was a sell order on https://clearwallet.co/ for 5000XCH @ 0.0857VIA so I put in a bid for 200VIA (2333.72228705XCH), the moment I did it the sell order disappeared leaving my buy order hanging, I cancel the buy order and I've lost 2.01VIA in fees on an unexecuted order! That's not so cool.  

btcdrak any comment on this? The clearwallet VIA address is VgXFuderEt7ngnPdDrpEiMnumfmqfyQMC6 if that helps?

[CryptoTrout]

Okay can someone please use retard speak to explain why I would want to invest my VIA into XCH rather than selling for a BTC profit?  How do I get money back out of XCH after the 45 day period?  What will VIA still be good for after the 45 Days?

[Honeycutt22]

Okay can someone please use retard speak to explain why I would want to invest my VIA into XCH rather than selling for a BTC profit?  How do I get money back out of XCH after the 45 day period?  What will VIA still be good for after the 45 Days?

Haha yea please. I understand retard very well!!