[ANN][BITS][Bitstar] Now on Cryptopia, Nova and Yobit new wallet fork in testing

[T3CLtd]

Just to provide a brief update, while we await the SuperNET/iDEX situation to progress there is work being done to create proof-of-concept proposals with which to further the initial talks with non-crypto industries that we have been engaged with over the previous months.

This coin's dev team is assisting us in this endeavor, with regards to collaborating and co-operating on possible changes to be made to it over the coming months so it better suits the commercial environment we seek to integrate with.

Updates will be provided as and when it is appropriate.
 

[1715113670]

1715113670

[ktfutura]

Hi, is this coin still being properly developed?

no not really. it never was.

[T3CLtd]

no not really. it never was.

Care to elaborate on that? What would qualify as 'development' for you?

There are plenty of coin projects in the industry which have undergone endless development, modification and hype, only for there to still be no commercial interest whatsoever, with trading activity being primarily derived from speculators and market manipulators.

We've often heard the statement that Bitcoin is a solution looking for a problem and while most within the cryptocurrency industry are sufficiently tech-savvy enough to recognise the revolutionary innovation that is blockchain technology, the real-world adoption of same is frustratingly slow outside of the few Fintech cages it has rattled, simply because most businesses don't yet know what it is or what to do with it.

In the case of this particular coin project, we have opted to work with the devs, be it through collaboration within the SuperNET environment during most of last year, or by way of continuing to pitch blockchain-technology-based solutions to non-Fintech industries while keeping an eye on 'long-term' (for this industry anyway) technologies which are proving themselves as inherently reliable in order to better gauge what can and cannot be realistically built upon, commercially-speaking. Having experimented with different functions and features for this coin's wallet, as most other altcoins do, it became clear that until a real-world implementation for any non-Bitcoin cryptocurrency were to be established, thereby bringing in a viable economic environment to its market, there is little point in creating more 'solutions looking for problems'.

[richiela]

Guys, looks like we're stuck again ... anyone else?

ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block d39f51181c70d4564281cb7a412b7083242128a9fdfa7068159d838a9b4fdf26
received block 2a449a15b0eac60a4678
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 2a449a15b0eac60a4678588d3537d91478f568fe039a76e7389750e2362e09f8
received block 65dcc457497848cbe0e0
ProcessBlock: ORPHAN BLOCK, prev=2a449a15b0eac60a4678
received block a85967ed03482081ee1f
ProcessBlock: ORPHAN BLOCK, prev=65dcc457497848cbe0e0
received block b9e6f5d0540cf1384d2f
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block b9e6f5d0540cf1384d2f724ff62ab5bf997d7a434f742bd33e65c411141d269c

Stuck on block 1491575

thanks,
richie@bittrex

[jakiman]

Just a quick update, new fast start pack will be uploaded tomorrow, and we're working on a new wallet on a totally different code base, tests so far have been going good with the new wallet code, there should be a private headless build in the next week to make Supernet MGW work again, then after another week or 2 testing we'll release windows/mac versions, our plan is to do this whole release without a hard fork. 

After this update, keep watching this thread as we have a lot more plans in the pipeline

Just wondering if there were any updates on the new windows wallet that was mentioned?

[4emily]

Guys, looks like we're stuck again ... anyone else?

ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block d39f51181c70d4564281cb7a412b7083242128a9fdfa7068159d838a9b4fdf26
received block 2a449a15b0eac60a4678
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 2a449a15b0eac60a4678588d3537d91478f568fe039a76e7389750e2362e09f8
received block 65dcc457497848cbe0e0
ProcessBlock: ORPHAN BLOCK, prev=2a449a15b0eac60a4678
received block a85967ed03482081ee1f
ProcessBlock: ORPHAN BLOCK, prev=65dcc457497848cbe0e0
received block b9e6f5d0540cf1384d2f
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block b9e6f5d0540cf1384d2f724ff62ab5bf997d7a434f742bd33e65c411141d269c

Stuck on block 1491575

thanks,
richie@bittrex

 ^ ^ Prompted me to sync my wallet - it's been some 13 days since the last time. Took ~ 6 hours to get up to date, with 14 active connections to the network. One thing I've found that seems to help is after an hour or so with nothing happening, close and reopen the wallet.

[T3CLtd]

We will shortly be releasing the details of an experimental project under development by our company.

This new project is the creation of an app which will, in part, utilise a public blockchain for the 'token' element of its functionality.

Some of the Bitstarcoin dev team will be creating this public blockchain by way of a new wallet cloned from another existing coin and rebranded. The purpose of this is to use suitable PoS cryptocurrency tech which is already proven and known to be reliable.

While it will be a public and open-source new blockchain, the dev team have expressed their willingness to support the needs of our app by way of committing whichever mods/dev/forks are required to ensure the functionality needed for the app to operate smoothly and securely.

This beta app may or may not be released as a commercially-launched finished product.

Distribution of the new 'coin' will be done by way of participants receiving a proportional share of those issued from the genesis block as a primer for the public network and its market. To participate you will be required to burn the amount of Bitstarcoins you wish to commit to the project, thereby reducing the issued and max supply of Bitstars.

This app project is an entirely speculative venture. Your choice to participate in the burn/buy for the coin is taken as acknowledgement of the risks associated with an experiment such as this.

[richiela]

All we still cant' sync.. If we dont hear from a dev in the next few days, we will be removing the market and wallet next weekend.

richie@bittrex

[Bitstar_coin]

All we still cant' sync.. If we dont hear from a dev in the next few days, we will be removing the market and wallet next weekend.

richie@bittrex

Odd not sure why your wallet is having problems, I just tested resyncs.  Will create another fast start pack and upload it in a few hours.

[richiela]

All we still cant' sync.. If we dont hear from a dev in the next few days, we will be removing the market and wallet next weekend.

richie@bittrex

Odd not sure why your wallet is having problems, I just tested resyncs.  Will create another fast start pack and upload it in a few hours.

We wiped everything and are bootstrapping off our latest bootstrap:

bitstar_faststart_051015.zip

Every 5-10 mins... the wallet stops syncing:

SetBestChain: new best=aec6d798c1bad30425f529bc69b42c577e0b67cbb25e4091c44a403b0a38310e  height=1464491  trust=24871420735034  date=11/10/15 20:29:48
Stake checkpoint: b33a3d01
ProcessBlock: ACCEPTED
Flushed 4365 addresses to peers.dat  31ms
received block 8d900cd064edc33f0641
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 8d900cd064edc33f06417ca58ce2601e92bc5bc0281486e8273e608380b8eddb
received block d7e9ddc8041fdc4fc53e
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block d7e9ddc8041fdc4fc53e3f627caad7d21bd8397dd93f84d75eeebdd567846885
Flushed 4365 addresses to peers.dat  27ms
received block fbc1be142238f12c2354
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block fbc1be142238f12c23548bf19c9bc832819f36c099e1a9073529179749e71f68
received block 83803c68f5ca0e716c3a
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 83803c68f5ca0e716c3ae08d086192c2f12a8bfd7077ea838aa8217de2f5ade7
received block 8d900cd064edc33f0641
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 8d900cd064edc33f06417ca58ce2601e92bc5bc0281486e8273e608380b8eddb
Flushed 4365 addresses to peers.dat  59ms
received block d7e9ddc8041fdc4fc53e
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block d7e9ddc8041fdc4fc53e3f627caad7d21bd8397dd93f84d75eeebdd567846885

A restart sometimes fixes it... but it eventually stops syncing all together.

Thanks,
richie

[Bitstar_coin]

All we still cant' sync.. If we dont hear from a dev in the next few days, we will be removing the market and wallet next weekend.

richie@bittrex

Odd not sure why your wallet is having problems, I just tested resyncs.  Will create another fast start pack and upload it in a few hours.

We wiped everything and are bootstrapping off our latest bootstrap:

bitstar_faststart_051015.zip

Every 5-10 mins... the wallet stops syncing:

SetBestChain: new best=aec6d798c1bad30425f529bc69b42c577e0b67cbb25e4091c44a403b0a38310e  height=1464491  trust=24871420735034  date=11/10/15 20:29:48
Stake checkpoint: b33a3d01
ProcessBlock: ACCEPTED
Flushed 4365 addresses to peers.dat  31ms
received block 8d900cd064edc33f0641
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 8d900cd064edc33f06417ca58ce2601e92bc5bc0281486e8273e608380b8eddb
received block d7e9ddc8041fdc4fc53e
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block d7e9ddc8041fdc4fc53e3f627caad7d21bd8397dd93f84d75eeebdd567846885
Flushed 4365 addresses to peers.dat  27ms
received block fbc1be142238f12c2354
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block fbc1be142238f12c23548bf19c9bc832819f36c099e1a9073529179749e71f68
received block 83803c68f5ca0e716c3a
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 83803c68f5ca0e716c3ae08d086192c2f12a8bfd7077ea838aa8217de2f5ade7
received block 8d900cd064edc33f0641
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 8d900cd064edc33f06417ca58ce2601e92bc5bc0281486e8273e608380b8eddb
Flushed 4365 addresses to peers.dat  59ms
received block d7e9ddc8041fdc4fc53e
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block d7e9ddc8041fdc4fc53e3f627caad7d21bd8397dd93f84d75eeebdd567846885

A restart sometimes fixes it... but it eventually stops syncing all together.

Thanks,
richie

new bootstrap file https://www.mediafire.com/?0dtqhid6th3olxc

[richiela]

All we still cant' sync.. If we dont hear from a dev in the next few days, we will be removing the market and wallet next weekend.

richie@bittrex

Odd not sure why your wallet is having problems, I just tested resyncs.  Will create another fast start pack and upload it in a few hours.

We wiped everything and are bootstrapping off our latest bootstrap:

bitstar_faststart_051015.zip

Every 5-10 mins... the wallet stops syncing:

SetBestChain: new best=aec6d798c1bad30425f529bc69b42c577e0b67cbb25e4091c44a403b0a38310e  height=1464491  trust=24871420735034  date=11/10/15 20:29:48
Stake checkpoint: b33a3d01
ProcessBlock: ACCEPTED
Flushed 4365 addresses to peers.dat  31ms
received block 8d900cd064edc33f0641
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 8d900cd064edc33f06417ca58ce2601e92bc5bc0281486e8273e608380b8eddb
received block d7e9ddc8041fdc4fc53e
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block d7e9ddc8041fdc4fc53e3f627caad7d21bd8397dd93f84d75eeebdd567846885
Flushed 4365 addresses to peers.dat  27ms
received block fbc1be142238f12c2354
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block fbc1be142238f12c23548bf19c9bc832819f36c099e1a9073529179749e71f68
received block 83803c68f5ca0e716c3a
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 83803c68f5ca0e716c3ae08d086192c2f12a8bfd7077ea838aa8217de2f5ade7
received block 8d900cd064edc33f0641
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 8d900cd064edc33f06417ca58ce2601e92bc5bc0281486e8273e608380b8eddb
Flushed 4365 addresses to peers.dat  59ms
received block d7e9ddc8041fdc4fc53e
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block d7e9ddc8041fdc4fc53e3f627caad7d21bd8397dd93f84d75eeebdd567846885

A restart sometimes fixes it... but it eventually stops syncing all together.

Thanks,
richie

new bootstrap file https://www.mediafire.com/?0dtqhid6th3olxc

Thank you, that worked... hopefully we dont get forked like that again... ;(

[jakiman]

We will shortly be releasing the details of an experimental project under development by our company.

This new project is the creation of an app which will, in part, utilise a public blockchain for the 'token' element of its functionality.

Some of the Bitstarcoin dev team will be creating this public blockchain by way of a new wallet cloned from another existing coin and rebranded. The purpose of this is to use suitable PoS cryptocurrency tech which is already proven and known to be reliable.

While it will be a public and open-source new blockchain, the dev team have expressed their willingness to support the needs of our app by way of committing whichever mods/dev/forks are required to ensure the functionality needed for the app to operate smoothly and securely.

This beta app may or may not be released as a commercially-launched finished product.

Distribution of the new 'coin' will be done by way of participants receiving a proportional share of those issued from the genesis block as a primer for the public network and its market. To participate you will be required to burn the amount of Bitstarcoins you wish to commit to the project, thereby reducing the issued and max supply of Bitstars.

This app project is an entirely speculative venture. Your choice to participate in the burn/buy for the coin is taken as acknowledgement of the risks associated with an experiment such as this.

Thanks for the update. So this sounds like a separate app completely unrelated to BITS?
When you say it requires burning the amount of BITS, what does that mean exactly?
So this will in turn reduce the max supply of BITS? To how much are we expecting?

As a long time BITS miner, holder & trader, whatever makes BITS worth something is always welcome. 

[wsmolive]

how about the ATM project?? i like bitstar.only if the wallet is not strong enough.

[Mark81]

And why you cant use bits as this technology? It feels like you moving value from bits to this new coin. And is this related to that non crypto industrial collaboration?

[T3CLtd]

Thanks for the update. So this sounds like a separate app completely unrelated to BITS?

Correct, the ATM project for BITS still exists, albeit we have had to pause our development schedule while we wait for iDEX to be completed. So in the meantime we are proceeding with this side-project.

When you say it requires burning the amount of BITS, what does that mean exactly?

There will be a release of a set amount of coins from the genesis block of the new coin. The process of claiming a share will require Bitstarcoins to be sent to a burn address, the new coin's dev team will be providing details on how to go about this closer to the time.

So this will in turn reduce the max supply of BITS? To how much are we expecting?

Yes it will result in a reduced number of Bitstarcoins in circulation and max supply. I have no idea how many this will be.

how about the ATM project?? i like bitstar.only if the wallet is not strong enough.

As mentioned, the ATM project for Bitstar is still scheduled, we just want to use this waiting period to experiment with another project idea.

And why you cant use bits as this technology?  

There are a number of reasons why we can't use Bits for this side-project, we may need to ask the coin devs to perform hard-forks, soft-forks or, dare I say it, blockchain-rollbacks, during the beta testing for this app. We may need to abandon the initial coin tech/spec and request an entirely new chain. All at short notice. We also want a fresh chain so it can be handled quicker for such things as resyncing and reindexing during this period.

It feels like you moving value from bits to this new coin.

But this is actually the opposite of that, given the reduction in coin supply for Bits. This isn't moving value to a new coin, far from it, it is an entirely separate project which needs to utilise a new wallet/chain and it may or may not result in a viable business model. We make no promises about this new app becoming a commercial product, nor any about the new coin being created which, don't forget, will be an open-source decentralised coin network, it is not being created or maintained by my company. If this project succeeds and does become a commercial product utilising this new coin, it could end up bringing value to it and thereby reward those who chose to support it. Those are the factors that people will need to consider when deciding how much of their Bits holdings to commit to burning and how much to retain to possibly capitalize on the reduction in coins.

We are wanting to experiment with a number of factors concerning how feasible it is for a commercial project to work with a public decentralised coin network, such as being able to sufficiently influence the devs and its community to accept and work with short-notice forks and/or modifications to support commercial entities which potentially bring value to their coin through utilising it in non-cryptocurrency industries. We also want to see what proportion of the new coin's holders will stake and support the network.

[Mark81]

Thanks for your answers T3cltd. Btw, any idea of this new coin stake percentages?

[T3CLtd]

The new coin being prepared will be based on Blackcoin, so will have a 1% Inflationary rate which, depending on the percentage of users actually staking their coins and supporting the network, will likely result in a 5-6% PoS staking rate 'interest'.

[bitkokos2]

will that coin be POW for some time?

[T3CLtd]

will that coin be POW for some time?

No it will be pure Proof-of-Stake and there are good reasons for it to be distributed this burn/buy way. If the new coin were to be Proof-of-Work there would be both an expectation of return on investment from the miners and they, along with anybody they were selling to from outside of this informed community, would not take kindly to potential short-notice code-changes, forks and possible roll-backs.

As I said, this new coin is an experiment in public/private commercial collaboration, while it is being launched by its own dev team the fact is that my company will be engaging in this arrangement with the understanding that as the app we are developing is progressing, we may state that there is a need for the coin network to be modified in some way to allow for a better fit. It will be up to the dev team to decide whether they wish to respond to commercial requirements in order to cooperate in the hope of a viable long-term use-case being established for their coin.

We will continue to remind people that there are no guarantees or promises being made in regards to this side-project, so their decision to participate in the coin distribution must be taken in the knowledge that there may or may not be a viable product using this new coin at the end of this experiment.