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alganonim
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April 24, 2015, 02:49:28 PM |
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I tell you this guys. You may call me stupid but the fact that there may only be a few banknodes is not helping this project.
 Anyone is welcome to set one up. Quick comparison at current market prices: DASH MN - cost ~14 BTC, monthly return ~0.19 BTC BCR BN - cost ~7 BTC, monthly return ~0.45 BTC Of the two, I think BCR has the greater potential upside from current position by far. And don't forget, there will soon be other ways of earning money from your Bitcredit Banknode. I have bought mine with avarage price 0,00001370 per coin, since 03/28/2015 till 04/13/2015 , which gives you 3,425 BTC. I'm a terrible trader but still think it's possible now too, even lower and without any price manipulations but it's time consuming.  |
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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tombtc
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April 24, 2015, 02:52:29 PM |
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I tell you this guys. You may call me stupid but the fact that there may only be a few banknodes is not helping this project.
Anyone is welcome to set one up. Quick comparison at current market prices: DASH MN - cost ~14 BTC, monthly return ~0.19 BTC BCR BN - cost ~7 BTC, monthly return ~0.45 BTC Of the two, I think BCR has the greater potential upside from current position by far. And don't forget, there will soon be other ways of earning money from your Bitcredit Banknode. Anyone is welcome to set one up Up to 24 people. |
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bitcreditscc (OP)
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April 24, 2015, 03:07:17 PM |
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I tell you this guys. You may call me stupid but the fact that there may only be a few banknodes is not helping this project.
Anyone is welcome to set one up. Quick comparison at current market prices: DASH MN - cost ~14 BTC, monthly return ~0.19 BTC BCR BN - cost ~7 BTC, monthly return ~0.45 BTC Of the two, I think BCR has the greater potential upside from current position by far. And don't forget, there will soon be other ways of earning money from your Bitcredit Banknode. Anyone is welcome to set one up Up to 24 people. Incorrect , 34 BNs possible now. How about you try getting one of your own and see how that changes things? |
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Department of
Member
 Offline
Activity: 102
Merit: 10
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April 24, 2015, 03:17:43 PM |
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I tell you this guys. You may call me stupid but the fact that there may only be a few banknodes is not helping this project.
I don't think it's stupid. It's definitely a barrier to entry for some people- and will only become more of one as the price rises. That's why I think group-owned Banknodes will become the norm. That will even be good for them because they'll have more people to run them once other features and services are available. It'll be easy to do with the colored coin features that are being worked on right now. And it will actually be a lot easier than people having to set up their own Banknode- they'll just pay to buy into one. |
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bitcreditscc (OP)
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April 24, 2015, 03:29:17 PM |
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When we started out i knew very little, can't believe how much i've learned about code and how it interacts. was re-writing the network transaction participation ratio (trust engine) , and from ~ 30 lines, i learned to write it in less than 8.
applying this discovery has already reduced the bloated engine to manageable code that anyone can verify.
though i will again insist on a code review.
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tombtc
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April 24, 2015, 03:31:04 PM |
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I tell you this guys. You may call me stupid but the fact that there may only be a few banknodes is not helping this project.
I don't think it's stupid. It's definitely a barrier to entry for some people- and will only become more of one as the price rises. That's why I think group-owned Banknodes will become the norm. That will even be good for them because they'll have more people to run them once other features and services are available. It'll be easy to do with the colored coin features that are being worked on right now. And it will actually be a lot easier than people having to set up their own Banknode- they'll just pay to buy into one. Not saying it's stupid. Just think the amount of possible nodes is a bit low. Maybe I am wrong and the dev is a mastermind Anyway, a bank node setup guide available? edit:// and is there any ubuntu wallet I can just download and run? Or I have to compile? |
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bitcreditscc (OP)
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April 24, 2015, 03:50:53 PM |
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I tell you this guys. You may call me stupid but the fact that there may only be a few banknodes is not helping this project.
I don't think it's stupid. It's definitely a barrier to entry for some people- and will only become more of one as the price rises. That's why I think group-owned Banknodes will become the norm. That will even be good for them because they'll have more people to run them once other features and services are available. It'll be easy to do with the colored coin features that are being worked on right now. And it will actually be a lot easier than people having to set up their own Banknode- they'll just pay to buy into one. Let me use an analogy Right now the bus can comfortably seat 34 people, and he is standing outside the bus noting that there is not enough room yet he can see inside clearly that there are 28 seats , of which he can have as many of them as he wants. I think it's unreasonable to complain about there not being enough room before the current number of seats is filled. Lets not forget that this bus is magical, it naturally grows every day and has a trailer with another 24 seats should the need arise. |
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thelonecrouton
Legendary
Offline
Activity: 966
Merit: 1000
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April 24, 2015, 04:44:07 PM |
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Anyway, a bank node setup guide available?
edit:// and is there any ubuntu wallet I can just download and run? Or I have to compile?
There's a quick guide here for running a hot (connected to internet) wallet Bitcredit Banknode on a local machine: http://bitcredit.wikia.com/wiki/How_to_Create_A_MasternodeYou're best bet is to read through one of the many Darkcoin MN guides, the process is basically identical, just eg. replace darkcoind with dashd. I have been meaning to write a BCR BN specific guide for a cold/remote setup using a VPS (your BN wallet remains safely offline after startup) but haven't had time yet. As to the wallet, it should compile from source without issue following these instructions: http://bitcredit.wikia.com/wiki/How_to_Compile_Bitcredit - but I don't think the current git master yet has the UI improvements posted a little while ago. If you can't compile it yourself let us know and someone can post a working binary for you. |
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tombtc
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April 24, 2015, 05:23:48 PM |
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Anyway, a bank node setup guide available?
edit:// and is there any ubuntu wallet I can just download and run? Or I have to compile?
There's a quick guide here for running a hot (connected to internet) wallet Bitcredit Banknode on a local machine: http://bitcredit.wikia.com/wiki/How_to_Create_A_MasternodeYou're best bet is to read through one of the many Darkcoin MN guides, the process is basically identical, just eg. replace darkcoind with dashd. I have been meaning to write a BCR BN specific guide for a cold/remote setup using a VPS (your BN wallet remains safely offline after startup) but haven't had time yet. As to the wallet, it should compile from source without issue following these instructions: http://bitcredit.wikia.com/wiki/How_to_Compile_Bitcredit - but I don't think the current git master yet has the UI improvements posted a little while ago. If you can't compile it yourself let us know and someone can post a working binary for you. Thanks for this Crouton. I'll better wait for a binary. There is no rush |
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dbt1033
Legendary
Offline
Activity: 1274
Merit: 1000
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April 24, 2015, 10:06:19 PM |
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LOL So true. Don't believe the FUD. |
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starblocks
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April 24, 2015, 10:10:56 PM |
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LOL So true. Don't believe the FUD. You'd better believe it alright lol |
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MickGhee
Legendary
Offline
Activity: 1386
Merit: 1000
Fucker of "the system"
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April 24, 2015, 10:19:47 PM |
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LOL So true. Don't believe the FUD. You'd better believe it alright lol dude u just sent me a crazy pm so i just had to stop in and say HI love the youtube |
Last night, while you were sleeping. I fucked the system!
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starblocks
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April 24, 2015, 10:21:19 PM
Last edit: April 24, 2015, 10:40:44 PM by starblocks |
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LOL So true. Don't believe the FUD. You'd better believe it alright lol dude u just sent me a crazy pm so i just had to stop in and say HI love the youtube Good then you're starting to get it lol  |
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starblocks
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April 24, 2015, 10:22:27 PM |
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I tell you this guys. You may call me stupid but the fact that there may only be a few banknodes is not helping this project.
I don't think it's stupid. It's definitely a barrier to entry for some people- and will only become more of one as the price rises. That's why I think group-owned Banknodes will become the norm. That will even be good for them because they'll have more people to run them once other features and services are available. It'll be easy to do with the colored coin features that are being worked on right now. And it will actually be a lot easier than people having to set up their own Banknode- they'll just pay to buy into one. Let me use an analogy Right now the bus can comfortably seat 34 people, and he is standing outside the bus noting that there is not enough room yet he can see inside clearly that there are 28 seats , of which he can have as many of them as he wants. I think it's unreasonable to complain about there not being enough room before the current number of seats is filled. Lets not forget that this bus is magical, it naturally grows every day and has a trailer with another 24 seats should the need arise. At first I thought this was a bus, but then i realized it was a virtual bus ie just wow |
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MickGhee
Legendary
Offline
Activity: 1386
Merit: 1000
Fucker of "the system"
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April 24, 2015, 10:29:34 PM |
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so i can mine this ??
also i will need to see info on block rewards total coins etc other than that this looks really good unless an ico or something stupid idk op lacks details
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Last night, while you were sleeping. I fucked the system!
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dbt1033
Legendary
Offline
Activity: 1274
Merit: 1000
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April 24, 2015, 10:30:48 PM |
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so i can mine this ??
also i will need to see info on block rewards total coins etc other than that this looks really good unless an ico or something stupid idk op lacks details
No ICO man. There are, however, 6 million BCR held in public escrow. Their use will be determined by the community. I think it's ripe for VC investment. |
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bitcreditscc (OP)
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April 24, 2015, 10:43:24 PM |
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double Bankmath::Gettrust()
{
double trust=0;
{
Rawdata data;
int onemonth = data.onemonth;
double lifetime = data.lifetime();
{
// lifetime carries up to 15
if (lifetime > 12 * onemonth )
trust+= 15;
else if (lifetime > 3* onemonth && lifetime < 12 * onemonth )
trust+= lifetime/onemonth;
else
trust+= 0;
}
{//wallet useage up to 15
if (pwalletMain->mapWallet.size()>10000){
trust+= 15;
}
else if (pwalletMain->mapWallet.size()>0 && pwalletMain->mapWallet.size()< 10000){
trust+= pwalletMain->mapWallet.size()/1000;
}
else
trust+= 0;
}
{//wallet balance up to 15
CAmount balance = data.balance();
if(balance > 1000000){
trust+= 15;
}
else if(balance > 0 && balance < 1000000){
trust+= balance/100000;
}
else
trust+= 0;
}
{ //network tx participation up to 15
double networktxpart = data.networktxpart();
if (networktxpart> 0.01)
trust+=15;
else if (networktxpart> 0.0001 && networktxpart< 0.01)
trust+= networktxpart *1000;
else
trust+= 0;
}
{//is BN 20
if(activeMasternode.status == MASTERNODE_IS_CAPABLE)
trust += 20;
}
{ //network freq up to 30
CCoinsStats stats;
double freq = (data.getNumTransactions()/ (data.lifetime()/data.oneday));
double gblfreq = (stats.nTransactions/ (data.gbllifetime()/data.oneday));
{
if (freq> 100)
trust+=15;
else if (freq> 0.0001 && freq< 100)
trust+= freq/10;
else
trust+= 0;
}
double relfreq =freq/gblfreq;
{
if (relfreq> 0.01)
trust+=15;
else if (relfreq> 0.00001 && relfreq< 0.01)
trust+= relfreq*100;
else
trust+= 0;
}
}
{ //network stake 15
double stake = data.balance()/data.moneysupply();
if (stake> 0.01)
trust+=15;
else if (stake> 0.0001 && stake< 0.01)
trust+= stake *1000;
else
trust+= 0;
}
}
return trust;
} So, that's part of the improved trust rating without the credit rating. Let me know what you think. Basically it looks at how much you have participated and contributed to the network. Credit calculation is a bit more complicated since it takes into account other factors like # of tx to and from banks, of if you have outstanding transactions. Still working on some of the raw data extraction for the credit algorithm. Also realized i may need to store every single BN that ever exists along with a list of active ones to provide a more accurate calculation. I need more coders!!!! |
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Department of
Member
Offline
Activity: 102
Merit: 10
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April 24, 2015, 10:48:00 PM |
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so i can mine this ??
also i will need to see info on block rewards total coins etc other than that this looks really good unless an ico or something stupid idk op lacks details
Most of that info is in there, but there is some missing. I'll give you that. Total coin cap is ~210m. Current total is ~14.5m with 6 in the public escrow. Block reward is 50 bcr, right now 25% goes to banknodes I think. |
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fishbone
Member
Offline
Activity: 89
Merit: 10
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April 24, 2015, 10:59:09 PM |
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Any knows why i im getting this error:
getinfo from wallet:
00:55:16
CDB : Error -30974, can't open database (code -1)
all is new installed, synced
v0.30.16.5-3b2e655-dirty
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