[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS

Quote from: joelao95 on January 04, 2015, 09:44:11 PM

[MagiPay internal tests]

A little thoughts before the update, personally I am satisfied with the current implementation of magi. What puzzled me regarding what a coin looks like are nearly addressed in the design.

I have a good vision of magi as long as the crypto is on the track, though magi is not a completely new system but constructed based upon bitcoin/litecoin/ppcoin. We've touched both the PoW and PoS, # CPU minable # Minable available to a broad audience, fair distribution (either mining or staking) #Most secured PoS coin # Energy efficient. All of these are treasures of magi. Please be aware of the energy-efficient argument that can be something big.

Relying on the fundamental implementations, very much needed from now on are (speaking from getting and spending XMG point of view):

# a variety of miners: to be used in various systems, linux/mac os/windows/unix, apparently; specific focus is given to easy use, like wallet built-in miners / web page miners, and miners for smart devices;
# payment like the magipay which plugs in at the first place, and a marketplace we may focus on in the near future;
# apps that assist mining/spending.

It's hard to imagine what magi looks like in the future, nether do I. An apparent fact is that magi is very much different from the beginning, that's one of the reasons I can't tell. I am neither a software developer nor a business man, but mostly doing good thinking stuffs. You know when you're researching something, you have to stick to that despite frustrations (always happened) and find solutions; that's particularly important and critical to a work published in a notable journal (e.g., Nature), that's a process I've been going through, so I understood it very well. The coin is not just about the dev's delivery, but the community. I wish community could take part of development outside the magi team, also call for more business ideas based on magi.

Alright, I am updating the MagiPay status. We have done a few tests; the backend works as expected.

# Merchant creates a payment through m-epays website
The details are for accepting coins paid by buyers:

# MagiPay box
This is basically seen as a web page right now:

# Pay the amount by sending coins to the above address
After 6 confirmations, the above link automatically changes to the follow page; coins show up in merchants' wallet as well:

# Details of above transaction
Price: 48.66821918 XMG
Coins buyer paid: 48.66831918 XMG
Coins merchant received: 48.66821918 XMG
The difference 0.0001 XMG is the mining fee, which is taken care of by the buyers. Merchants get what the item is priced, so basically 0% charge.

We need improvements to facilitate user experience, a more user friendly interface, and also easy use to merchants. Expected merchant's test will be initiated on the 7th.

Please suggest any improvements we need to include.

So the merchants test are postponed! No problem. Did not say launch on the 7th. Will be patience!