◈◈Bitcredit ◈◈ Migrating to UniQredit◈◈

[bitcreditscc]

hey guys. I'm having trouble getting the client to run. I am using an amazon ec2 ubuntu 14 instance. I thought I installed everything correctly, however, I keep getting this message

Bitcredit server starting
root@i###-###-###-###:/usr/local/src# Secure messaging starting.
Error opening file: No such file or directory (877)
Failed to read smsg.ini
No address keys loaded.
Processed 1 files, loaded 1 buckets containing 1 messages.
Secure messaging enabled.
Warning: Peer buckets matched in the future: 1428364093.
Either this node or the peer node has the incorrect time set.

I can communicate with bitcredit-cli

 bitcredit-cli getinfo
{
    "version" : 301604,
    "protocolversion" : 70007,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "darksend_balance" : 0.00000000,
    "blocks" : 82267,
    "timeoffset" : 0,
    "moneysupply" : 13707684.99811479,
    "connections" : 9,
    "proxy" : "",
    "difficulty" : 0.00019114,
    "testnet" : false,
    "keypoololdest" : 1428360693,
    "keypoolsize" : 2,
    "paytxfee" : 0.00000000,
    "relayfee" : 0.00001000,
    "errors" : ""
}
I used the master branch for the install of bitcredit.
I also set the time on the machine but keep getting the error. Thanks in advance for any and all help.

Ignore it. That is smsg

Thanks! Should have another masternode joining the party soon

great news!!!

i'm 90% done upgrading the MN codebase to match dash and 99% done adding checknlocktime verify op code.

this means that we can effect new types of transactions in the chain.

Now i will work on colored coins and the stats engine.

Damn man!!!! You're gonna get dev of the year in just a months time.
I am very close to setting up a masternode and am unable to get it started. Seems to be something small but it says I am not capable. Here is the output from the debug.log
2015-04-07 05:08:24 CActiveMasternode::ManageStatus() - Checking inbound connection to '52.5.85.5:9999'
2015-04-07 05:08:24 CActiveMasternode::GetMasterNodeVin - Could not locate specified vin from possible list
2015-04-07 05:08:24 CActiveMasternode::ManageStatus() - Could not find suitable coins!
2015-04-07 05:08:24 CActiveMasternode::Dseep() - Error: masternode is not in a running status
2015-04-07 05:08:24 CActiveMasternode::ManageStatus() - Error on Ping: masternode is not in a running statusconnected to self at 52.5.85.5:43069, disconnecting
I have a balance of 250000.96000000
is the .96 messing it up? I'll jet it out now. Any help would be great

Yes, it requires a very specific 250K amount. to the dot.

start again. Use this guide

https://bitcointalk.org/index.php?topic=678191.0

[1714770614]

1714770614

[1714770614]

1714770614

[topcat363]

im a bit behind here....what exactly is about to be accomplished?

[bitcreditscc]

Those who've been mining on p2pool know we suffered some random crash when huge transactions were in the chain, i'm sure you've noticed an increase in performance. We may have figured out the issue and we will soon address this once and for all.

In other news, Mn payments are increasing and will soon normalize.

Version 0.30.17-rc will be available in two days and will feature the "transaction lock" for BN transactions of 250 K , effectively locking in your commitment for 3 months. To counter the risk incurred and make it more lucrative for owners, your subsidy will be increased by 50%. (unless there are objections)

Version 0.30.17b-rc will introduce colored assets. If possible, we will also have asset swapping included. Also the updated trust engine

Version 0.30.17c/d-rc will likely have the start of reversible transactions depending on how well i can negotiate help on this issue.

Transactions are the very core of our systems and i am loathe to modify too much without someone looking over my shoulder and double checking.

[bitcreditscc]

im a bit behind here....what exactly is about to be accomplished?

We are on "tock" phase mainly improvements and a few small feature in development. look at the git for more information.

[antonio8]

I personally feel that 50% of block rewards are too high for BN.

[bitcreditscc]

I personally feel that 50% of block rewards are too high for BN.

hey

i hear you. i meant a bump of 50%. meaning that since they currently pay 10 , this would become 15 coins. but after considerations, i ahvce withdrawn this idea. instead i will modify the payouts schedule an d accelerate the rate of increase.

[bitcreditscc]

First build of 0.30.17

**MN update 98% complete**
**ChecklocktimeVerify 98% **
** Colored Credits/ Asset Management  0%**
** New Ui look 10% **

[qwep1]

great job dev

[Gonzox]

Once people figure out that this coin now has working masternodes with even more utility than CRAVE or DASH, things are really going to go places.

[Department of]

Once people figure out that this coin now has working masternodes with even more utility than CRAVE or DASH, things are really going to go places.

For real.  The large amount required to own a Banknode might scare some people away at first who are used to thinking about Dash Masternodes, but these serve a whole different purpose.  Partnership owners of Banknodes will be really good for the ecosystem in the future.  I think it's a unique aspect of the coin that will provide for quality and necessary banking services that other coins haven't even thought about.  This project makes me pretty excited for the crypto-future...

[Department of]

great job dev

For real to this too.  This dev is pumping out the features, works harder than any other I've seen, and has great vision and ideas.  There's really nothing else like this coin right now and nothing like it being planned anywhere else.  I think the loan system will be huge even if it's just used for speculation on other coins to start out.  I wish we could jump a month or two into the future...

[bitcreditscc]

great job dev

For real to this too.  This dev is pumping out the features, works harder than any other I've seen, and has great vision and ideas.  There's really nothing else like this coin right now and nothing like it being planned anywhere else.  I think the loan system will be huge even if it's just used for speculation on other coins to start out.  I wish we could jump a month or two into the future...

Smart man!!! you have uncovered one of the biggest boons.

Developers can now approach BCR BNs and ask for funding to launching a coin. The contract may negotiated however they please , either a hard-coded stipend or even a premine for the BN to hold.

And if a BN owner is skittish about it they can offer shares (through colored coins) of the project to users who are interested. This spreads the risk, and the potential rewards. with Bn owners getting a piece of every pie.

[Department of]

great job dev

For real to this too.  This dev is pumping out the features, works harder than any other I've seen, and has great vision and ideas.  There's really nothing else like this coin right now and nothing like it being planned anywhere else.  I think the loan system will be huge even if it's just used for speculation on other coins to start out.  I wish we could jump a month or two into the future...

Smart man!!! you have uncovered one of the biggest boons.

Developers can now approach BCR BNs and ask for funding to launching a coin. The contract may negotiated however they please , either a hard-coded stipend or even a premine for the BN to hold.

And if a BN owner is skittish about it they can offer shares (through colored coins) of the project to users who are interested. This spreads the risk, and the potential rewards. with Bn owners getting a piece of every pie.

Yeah, once that's all easy to do and user friendly, it will be amazing.  But even right now just a simple loan is a huge feature.  Say someone wants to get on the CRAVE pump but they don't have any extra BTC lying around.  Ask for a loan from a Banknode for 1 BTC worth of coins, buy some CRAVE, dump it when it goes up, pay back the 1 BTC plus whatever they decided on for interest and you pocket the rest.  Then do it again when you see something else you want in on.   BITCREDIT is the only thing like this right now.  The ecosystem will be booming soon.

[bitcreditscc]

great job dev

For real to this too.  This dev is pumping out the features, works harder than any other I've seen, and has great vision and ideas.  There's really nothing else like this coin right now and nothing like it being planned anywhere else.  I think the loan system will be huge even if it's just used for speculation on other coins to start out.  I wish we could jump a month or two into the future...

Smart man!!! you have uncovered one of the biggest boons.

Developers can now approach BCR BNs and ask for funding to launching a coin. The contract may negotiated however they please , either a hard-coded stipend or even a premine for the BN to hold.

And if a BN owner is skittish about it they can offer shares (through colored coins) of the project to users who are interested. This spreads the risk, and the potential rewards. with Bn owners getting a piece of every pie.

Yeah, once that's all easy to do and user friendly, it will be amazing.  But even right now just a simple loan is a huge feature.  Say someone wants to get on the CRAVE pump but they don't have any extra BTC lying around.  Ask for a loan from a Banknode for 1 BTC worth of coins, buy some CRAVE, dump it when it goes up, pay back the 1 BTC plus whatever they decided on for interest and you pocket the rest.  Then do it again when you see something else you want in on.   BITCREDIT is the only thing like this right now.  The ecosystem will be booming soon.

Exactly, I just need to add dispute resolution, escrow, colored coins and reversible transactions, then this will be on par with not only normal banks, but stock exchanges as well. This is why i push hard, we are nearly there.

[Department of]

I know you mentioned that you were working on a system to allow multiple people to form a Banknode.  Any more info on when that might be coming down the pipeline?  I feel like getting that information out there could benefit people who may be overwhelmed by the amount to have their own BN.  I like that the idea down the line is that most BNs will be owned by multiple people.

[bitcreditscc]

I know you mentioned that you were working on a system to allow multiple people to form a Banknode.  Any more info on when that might be coming down the pipeline?  I feel like getting that information out there could benefit people who may be overwhelmed by the amount to have their own BN.  I like that the idea down the line is that most BNs will be owned by multiple people.

when i was looking into this i could not find a trustless way of doing so. also what happens when someone decides to pull out their investment?

currently the best solutions for this require support of a trusted party, preferably a  heavily funded BN.

1) BN requires specific amount 250K to the dot, made in a single tx.
2) Formation of an agreement and cumulation of required funds is extremely user dependent.

so we have to divide the 250K into shares and hope there is enough interest from other users to fund the amount.

So for example, you and i want to set up a shared BN, but together we only have 180K....what to do?

since you and i would not want to wait and hope just based on whether people will join in, it can be a venture supported by a BN.

the owner covers the balance and sets up the node. We agree on payout % and the owners cut for running costs.

[bitcreditscc]

My node isn't being too lucky

But still, at these immense hash rates i make more than most miners.

[bitcreditscc]

In the next few hours i will release a mandatory update that will disconnect all pre 0.30.16.4 clients.

[NaN_PTS]

In the next few hours i will release a mandatory update that will disconnect all pre 0.30.16.4 clients.

You know that this will kill the whole network because p2pool does not handle transactions correctly. First, p2pool needs to be fixed because most blocks are mined with my solo miner. After that you can enforce the update.

[dragos_bdi]

In the next few hours i will release a mandatory update that will disconnect all pre 0.30.16.4 clients.

You know that this will kill the whole network because p2pool does not handle transactions correctly. First, p2pool needs to be fixed because most blocks are mined with my solo miner. After that you can enforce the update.

p2pool on what wallet version run ?