[ANN] Syscoin- FINAL 2.0 LAUNCHED! *ENCRYPTION, MARKETPLACE, BTC INTEGRATION*

[bitcoinrocks]

Any ETA for a test release?

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[sidhujag]

Any ETA for a test release?

There is a beta release up now. Scroll up a few pages and see danosphere's release notes. For the plugins.. I have to sit down with the team and come up with a design and then software requirements spec.. depends on how busy the guys are but few weeks to get the design down and atleast a month of coding for a early sneak preview.

To solve the bloat we will do this as we update to latest bitcoin core.. and then implement our custom pruning solution as well as probably a lite wallet desktop version of the wallet which runs in SPV mode. Hopefully the IOS/Android wallets will be around by then too.

Perhaps the supernet dev's can help out in coding too now that we are collaborating.

[keriferocoius]

Hi ALL!!

I started a NOMP pool with fee 0,6% , no registration needed.

http://vacerpool1.ddns.net/

(Litecoin, Startcoin can be also mined.)

Thanks for mining Syscoin!

Since Syscoin is merge mineable with any Scrypt coin, you should be able mine Syscoin with either Litecoin or StartCoin at the same time, let's save the environment a little bit and start merged mining!

PS: I don't really care personally but part of the bitcointalk rules is that you are not allowed to post your pool in these threads.

So, that's the reason why they're deleting my posts. 

[mario012]

price falling a bit. Probably a good time to buy some again

Shhhh you'll scare the price up, I have some btc incoming in on Thursday. Hopefully I'll be able to buy some more cheap Sys 

[sebastien1234]

Hi ALL!!

I started a NOMP pool with fee 0,6% , no registration needed.

http://vacerpool1.ddns.net/

(Litecoin, Startcoin can be also mined.)

Thanks for mining Syscoin!

Since Syscoin is merge mineable with any Scrypt coin, you should be able mine Syscoin with either Litecoin or StartCoin at the same time, let's save the environment a little bit and start merged mining!

PS: I don't really care personally but part of the bitcointalk rules is that you are not allowed to post your pool in these threads.

So, that's the reason why they're deleting my posts. 

Most likely, I know there's a place you are allowed to post in the pools section though! Good luck with your mining

[sigwo]

Will Blockmarket listings be stored on a particular node/server so that if that node/server is taken offline, the listings disappear?  That is how OpenBazaar works.

No, the blockmarket IS ON THE blockchain. The address http://syscoin.market is only a 'viewing pane' for the actual listings. No server crash will take out the blockmarket. This is 100x better than OpenBazaar if for no other reason in my opinion.

[MR1]

Will Blockmarket listings be stored on a particular node/server so that if that node/server is taken offline, the listings disappear?  That is how OpenBazaar works.

Good question, I plan on creating a blog post about the differences of something like OB, Shadow(SDC), BitBay etc (which are P2P based) and Syscoin which is blockchain based. OpenBazaar works with Ricardian contracts that try to mimick what the blockchain is doing externally while sending messages to nodes via p2p (BitMessage) about listings. The blockchain stores it in the ledger and is fully secure and a blackbox from system perspective.. more moving parts with the p2p model which may open it up to DDOS or Poison attacks. With the blockchain method (only Syscoin and NXT free market are the ones to do this) you dont store the listings on any particular node, they all get each listing and payments can happen offline. The front-end running the marketplace needs to be online (obviously) for the person to be able to view and pay for the offer.

Bloat is the ONLY downside with this method but MANY MANY upsides which you will see with very cool integrations I will do in the near future. The bloat issue can be solved by pruning the blockchain similar to the approach done in bitcoin recently which prunes old blocks that are fully spent (https://github.com/bitcoin/bitcoin/commit/f9ec3f0fadb11ee9889af977e16915f5d6e01944)

It will be really good if you make a comparison between OB, SDC market, BitBay, NXT freemarket and SYS blockmarket.

Review also the security/vulnerability issues of these decentralized markets. 

[danosphere]

Will Blockmarket listings be stored on a particular node/server so that if that node/server is taken offline, the listings disappear?  That is how OpenBazaar works.

Good question, I plan on creating a blog post about the differences of something like OB, Shadow(SDC), BitBay etc (which are P2P based) and Syscoin which is blockchain based. OpenBazaar works with Ricardian contracts that try to mimick what the blockchain is doing externally while sending messages to nodes via p2p (BitMessage) about listings. The blockchain stores it in the ledger and is fully secure and a blackbox from system perspective.. more moving parts with the p2p model which may open it up to DDOS or Poison attacks. With the blockchain method (only Syscoin and NXT free market are the ones to do this) you dont store the listings on any particular node, they all get each listing and payments can happen offline. The front-end running the marketplace needs to be online (obviously) for the person to be able to view and pay for the offer.

Bloat is the ONLY downside with this method but MANY MANY upsides which you will see with very cool integrations I will do in the near future. The bloat issue can be solved by pruning the blockchain similar to the approach done in bitcoin recently which prunes old blocks that are fully spent (https://github.com/bitcoin/bitcoin/commit/f9ec3f0fadb11ee9889af977e16915f5d6e01944)

It will be really good if you make a comparison between OB, SDC market, BitBay, NXT freemarket and SYS blockmarket.

(emphasis mine)

Excellent point and the focus of an upcoming blog post- its definitely not a light subject but we've been researching the various competitors (at a code level) or those to which we're compared to often (sometimes completely incorrectly, ie: SDC / p2p v SYS / on-chain). We're planning by the end of the week, weekend at the latest to have a post up with a clear comparisons between SYS and these other types of implementations- all with their own merits. We're running just a lil behind due to the busy marketing weekend and packaging blockmarket.

We've been rapidly iteratively updating the readme.MD files related to Blockmarket and all its related dependent libraries as we've been receiving very helpful feedback regarding "gaps" in the instructions. We'll also be working to make these instructions more Windows/Mac friendly as currently they are Ubuntu Linux based, and add a FAQ section and a small Wiki section as well.

Last night @coderboo and I were on "Let's Talk Bitcoin" for the first time the episode should be public in a week or so. I will get the "weekend wrapup" blog post up later tonight and also package up and release the 1.5.1.1 latest mainnet binaries with the new global DNS seeds for faster syncing anywhere in the world, additional checkpoints and a small bugfix. This release is not yet in 'master' so you should not pull and build manually yourself just yet, wait til the blogpost tonight please. With this update it should completely remove the need to use "addnode" anymore in your Syscoin.conf unless you're using addnode to connect to cakenet (testnet) nodes to test the 1.5.2 beta out, which we highly encourage  

[Hegelian]

syscoin will touch 350 very soon

[mladen00]

syscoin will touch 350 very soon

imho 3500 very soon

[sidhujag]

Will Blockmarket listings be stored on a particular node/server so that if that node/server is taken offline, the listings disappear?  That is how OpenBazaar works.

Good question, I plan on creating a blog post about the differences of something like OB, Shadow(SDC), BitBay etc (which are P2P based) and Syscoin which is blockchain based. OpenBazaar works with Ricardian contracts that try to mimick what the blockchain is doing externally while sending messages to nodes via p2p (BitMessage) about listings. The blockchain stores it in the ledger and is fully secure and a blackbox from system perspective.. more moving parts with the p2p model which may open it up to DDOS or Poison attacks. With the blockchain method (only Syscoin and NXT free market are the ones to do this) you dont store the listings on any particular node, they all get each listing and payments can happen offline. The front-end running the marketplace needs to be online (obviously) for the person to be able to view and pay for the offer.

Bloat is the ONLY downside with this method but MANY MANY upsides which you will see with very cool integrations I will do in the near future. The bloat issue can be solved by pruning the blockchain similar to the approach done in bitcoin recently which prunes old blocks that are fully spent (https://github.com/bitcoin/bitcoin/commit/f9ec3f0fadb11ee9889af977e16915f5d6e01944)

It will be really good if you make a comparison between OB, SDC market, BitBay, NXT freemarket and SYS blockmarket.

Review also the security/vulnerability issues of these decentralized markets. 

On it

[bitcoinrocks]

NXT FreeMarket has failed to gain any meaningful usage.  How will Blockmarket succeed?

Is there a ratings/trust system in place?

[sidhujag]

NXT FreeMarket has failed to gain any meaningful usage.  How will Blockmarket succeed?

Is there a ratings/trust system in place?

Too many moving parts.. needs to be simple. Also noone is focused on real integration. The ui is hard to use.

[bitcoinrocks]

Does Blockmarket have a ratings system?

[sidhujag]

Does Blockmarket have a ratings system?

No rep system yet although we talked about it. We have to get ppl to use first so we can service further requirements.

[bitcoinrocks]

Does Blockmarket have a ratings system?

No rep system yet although we talked about it. We have to get ppl to use first so we can service further requirements.

I don't think many people will use it without a rep system.  In fact, I think the lack of one is a big part of what's holding FreeMarket back.

[sidhujag]

Does Blockmarket have a ratings system?

No rep system yet although we talked about it. We have to get ppl to use first so we can service further requirements.

I don't think many people will use it without a rep system.  In fact, I think the lack of one is a big part of what's holding FreeMarket back.

The users are not only the ebay alibaba listing types but say someone like overstock (no feedback) yet still people buy because they are regulated. My priority is to be able to put their stores on the blockchain.. there isthen a seperation of concerns between the function of a ecommerce site and the marketting of it via vetting/regulation/review system. Having a builtin rep system may not be useful for thesr businesses already in place which already solve the issue... however long term if there is demand it will get prioritized and done.

[bitcoinrocks]

Does Blockmarket have a ratings system?

No rep system yet although we talked about it. We have to get ppl to use first so we can service further requirements.

I don't think many people will use it without a rep system.  In fact, I think the lack of one is a big part of what's holding FreeMarket back.

The users are not only the ebay alibaba listing types but say someone like overstock (no feedback) yet still people buy because they are regulated. My priority is to be able to put their stores on the blockchain.. there isthen a seperation of concerns between the function of a ecommerce site and the marketting of it via vetting/regulation/review system. Having a builtin rep system may not be useful for thesr businesses already in place which already solve the issue... however long term if there is demand it will get prioritized and done.

I could put up a store called Overstock and no one would know if it's really Overstock or just me.  That's where the rep system comes in.

Overstock and other large companies won't be interested in listing on Blockmarket until it's popular.  And it won't be popular until Average Joe is using it.  And Average Joe won't use it without a rep system.

eBay's success is due in large part to its rep system, and that's with reversible payments.  With irreversible blockchain payments, the rep system is even more important.

[sidhujag]

Does Blockmarket have a ratings system?

No rep system yet although we talked about it. We have to get ppl to use first so we can service further requirements.

I don't think many people will use it without a rep system.  In fact, I think the lack of one is a big part of what's holding FreeMarket back.

The users are not only the ebay alibaba listing types but say someone like overstock (no feedback) yet still people buy because they are regulated. My priority is to be able to put their stores on the blockchain.. there isthen a seperation of concerns between the function of a ecommerce site and the marketting of it via vetting/regulation/review system. Having a builtin rep system may not be useful for thesr businesses already in place which already solve the issue... however long term if there is demand it will get prioritized and done.

I could put up a store called Overstock and no one would know if it's really Overstock or just me.  That's where the rep system comes in.

Overstock and other large companies won't be interested in listing on Blockmarket until it's popular.  And it won't be popular until Average Joe is using it.  And Average Joe won't use it without a rep system.

eBay's success is due in large part to its rep system, and that's with reversible payments.  With irreversible blockchain payments, the rep system is even more important.

Its pretty easy to do it.. I think the cumalative benefit of using the service will outweigh any missing features with todays implementation.. I personally dont think rep system is a show breaker but noone is right or wrong in a subjective matter.

It would be easy to gather feedback after payment and surface the rating on thr payment gateways or custom UIs like blockmarket can show next to the seller.

[bitcoinrocks]

Its pretty easy to do it.. I think the cumalative benefit of using the service will outweigh any missing features with todays implementation.. I personally dont think rep system is a show breaker but noone is right or wrong in a subjective matter.

It would be easy to gather feedback after payment and surface the rating on thr payment gateways or custom UIs like blockmarket can show next to the seller.

eBay never would have gotten off the ground without its rep system.  And neither would have SR.