◈◈Bitcredit ◈◈ Migrating to UniQredit◈◈

[siameze]

btw, this was the error I got when it crashed last nite after completing sync:

EXCEPTION: St11logic_error       
basic_string::_S_construct null not valid       
bitcredit in Runaway exception       

bitcredit-qt: ./allocators.h:47: LockedPageManagerBase<Locker>::~LockedPageManagerBase() [with Locker = MemoryPageLocker]: Assertion `this->GetLockedPageCount() == 0' failed.
Aborted

[siameze]

so everyone just add litemode=1 in your config for now.

Backtracking through the thread, seems others have reported this issue I am having.  I found some interesting info here as well:  https://bitcointalk.org/index.php?topic=227287.msg3031319#msg3031319

[bitcreditscc]

Ensure you are on the master branch, all other branches are used for development and/or testing new ideas.

[hack_]

You all read about the crave debacle? I think the first coin to get multi-sig masternodes will gain popularity.

[bitcreditscc]

I have a question. I am running through the colored coin implementation. And there are some questions i'd like to hear your opinions on:

1) should just anyone be able to issue an asset, or should that be a privilege open only to an active BN?
2) should any BN be able to issue assets, or should we impose extra restrictions?
3) should we create a rule that if a BN goes inactive, then all assets issued by the BN are frozen until it is active again?
4) What kind of protections from fraud should we incorporate?
5) Or do you prefer a more centralized asset issuing policy?

[thelonecrouton]

I have a question. I am running through the colored coin implementation. And there are some questions i'd like to hear your opinions on:

1) should just anyone be able to issue an asset, or should that be a privilege open only to an active BN?
2) should any BN be able to issue assets, or should we impose extra restrictions?
3) should we create a rule that if a BN goes inactive, then all assets issued by the BN are frozen until it is active again?
4) What kind of protections from fraud should we incorporate?
5) Or do you prefer a more centralized asset issuing policy?

Some general opinions, assuming you're talking about assets similar to NXT...

1) + 2) Anyone, but subject to an asset issuance fee or bond of some kind?
3) What would be utterly awesome, and is well above my paygrade as to whether it's even possible, would be a system whereby all BN's could back/host assets in a distributed fashion. Or at least opt in to such a system.
4) Require some collateral in BTC or something else?
5) See 3)

One thing I found restrictive when I played briefly with NXT assets last year was the lack of any way of establishing a finite asset lifespan - maybe the IX transaction locking principle could be used to enable this?

[tombtc]

Fancy a banknode service like the one flare has got for dash, crouton?

[thelonecrouton]

Fancy a banknode service like the one flare has got for dash, crouton?

I've thought about it, but I reckon my RL prices would put people off... 

[bitcreditscc]

Fancy a banknode service like the one flare has got for dash, crouton?

what service is this?

[bitcreditscc]

I have a question. I am running through the colored coin implementation. And there are some questions i'd like to hear your opinions on:

1) should just anyone be able to issue an asset, or should that be a privilege open only to an active BN?
2) should any BN be able to issue assets, or should we impose extra restrictions?
3) should we create a rule that if a BN goes inactive, then all assets issued by the BN are frozen until it is active again?
4) What kind of protections from fraud should we incorporate?
5) Or do you prefer a more centralized asset issuing policy?

Some general opinions, assuming you're talking about assets similar to NXT...

1) + 2) Anyone, but subject to an asset issuance fee or bond of some kind?
3) What would be utterly awesome, and is well above my paygrade as to whether it's even possible, would be a system whereby all BN's could back/host assets in a distributed fashion. Or at least opt in to such a system.
4) Require some collateral in BTC or something else?
5) See 3)

One thing I found restrictive when I played briefly with NXT assets last year was the lack of any way of establishing a finite asset lifespan - maybe the IX transaction locking principle could be used to enable this?

An asset in this case could be many things. If i issued assets, i would for example sell shares in a BN. 250K shares @ 1.1 BCR each (10% profit margin). Another could fund a venture and sell shares in it. the suggestion for BNs being the only ones to issue assets was based off (in part) on proving one's ability to back the asset. my general view was that an asset would require backing by a active Bn, this means that users will have security in that the asset issuer would be available for recourse, An additional rule would be that the BNs coins could not be spent unless all assets have been redeemed (no fly by night BNs running with investments).

I am investigating the idea of colleteral from separate chains (BTC/DRK/Anycoin)

[thelonecrouton]

Fancy a banknode service like the one flare has got for dash, crouton?

what service is this?

Someone with 1000DRK (or 250000 BCR) runs 'masternode/banknode genkey' and sends it to you, you do the rest inc. VPS hosting for a monthly fee. Makes more sense with thousands of DRK MNs, not so much with the lower number of BCR BNs.

[bitcreditscc]

Fancy a banknode service like the one flare has got for dash, crouton?

what service is this?

Someone with 1000DRK (or 250000 BCR) runs 'masternode/banknode genkey' and sends it to you, you do the rest inc. VPS hosting for a monthly fee. Makes more sense with thousands of DRK MNs, not so much with the lower number of BCR BNs.

oh, ok

but tbh, for now i encourage all users to maintain full control of their nodes and to make them ALL cold. i'm sure by now you've heard what happened with crave.

[tombtc]

Fancy a banknode service like the one flare has got for dash, crouton?

what service is this?

Someone with 1000DRK (or 250000 BCR) runs 'masternode/banknode genkey' and sends it to you, you do the rest inc. VPS hosting for a monthly fee. Makes more sense with thousands of DRK MNs, not so much with the lower number of BCR BNs.

oh, ok

but tbh, for now i encourage all users to maintain full control of their nodes and to make them ALL cold. i'm sure by now you've heard what happened with crave.

In 2 words, what happened?

[Department of]

Fancy a banknode service like the one flare has got for dash, crouton?

what service is this?

Somebody, please do this.

He starts the vps and deals with that side of the masternode and just gives the people a file and tells them the commands they need to start it from their wallet, so you don't have to trust anyone with coins. He just charges a flat monthly fee for the vps, updates, etc.

[alganonim]

Fancy a banknode service like the one flare has got for dash, crouton?

what service is this?

Someone with 1000DRK (or 250000 BCR) runs 'masternode/banknode genkey' and sends it to you, you do the rest inc. VPS hosting for a monthly fee. Makes more sense with thousands of DRK MNs, not so much with the lower number of BCR BNs.

oh, ok

but tbh, for now i encourage all users to maintain full control of their nodes and to make them ALL cold. i'm sure by now you've heard what happened with crave.

In 2 words, what happened?

Sologap was setting up masternodes for a few crave, often people were sending him directly 500 crave for one MN. Now VPS passwords are changed, MNs don't work anymore, he do not respond, it over a week so he ran off.

We are sure we don't have anything from him in the code ?

https://bitcointalk.org/index.php?topic=896133.msg9880900#msg9880900

I'm not a programmer or linux guru, just asking.

[bitcreditscc]

Sologap was setting up masternodes for a few crave, often people were sending him directly 500 crave for one MN. Now VPS passwords are changed, MNs don't work anymore, he do not respond, it over a week so he ran off.

We are sure we don't have anything from him in the code ?

https://bitcointalk.org/index.php?topic=896133.msg9880900#msg9880900

I'm not a programmer or linux guru, just asking.

Not to worry, he never committed anything to the git. No binary is official unless i built it. That actually touches on one of my niche projects...auto-updating clients.

[bitcreditscc]

while i wait for more feedback i have been tinkering and studying our chain.

Average block time is definitely ~ 2 minutes with ~ 800 Blocks a day.

This is currently 10000 BCR for BNs meaning that each BN should report earnings of 800 BCR a day.

800 BCR x 7 is 5600 BCR a week.

In 15 days the algo will push up BN payments @ block 128200 to 32.5%. this will be the last change and is as a result of a decision made based on the rather small sample group that responded to my question about BNs.

This will result in daily BCR total for BNs going up to 13000, meaning that on average each BN will receive ~1100 BCR a day. 7700 a week.

The market price is rather depressed, so this may seem small for now but i believe the price will start improving soon and see even more profitable running of BNs.

Development is ongoing, but part of the key issues requires 1) community response to my earlier questions and 2) I need to consult with a fellow dev who has more experience than myself. The information gathered from your responses as you know is pivotal in the decision making process, so please express your thoughts, opinions and ideas.


note:-these numbers fluctuate based on number of active BNs, market price and block count.

for example a drop in price to 300 sats would mean that BNs are running at break even (will result in BNs being subsidized by the central reserve ) or the price could rise back up to 2200 sats... they you'll wish you had a BN.

[bitcreditscc]

Central Reserve Subsidizing

The BCR chain maintains an account that acts as a buffer for operations that can be used to boost/ develop any aspect we require.

Already payouts have been made to two active assistant developers with the rest being held until the others respond to requests for their addresses.

see :- 62b7111c7966896d892b0866eb442f2425aa2449f76242abfa3f8f89866f5f47-000

and :- cbc7eef28a0a33e0a58d1d612f2e7243b3d39e09f6d8569ba05915d836cf1fb2-000

Paid out to tlc and dragos for their work so far, with more to come.

under the same banner i would like to launch a signature campaign. There are two signatures and you can choose whichever you prefer.

I am allocating 10 000 BCR per week to the campaign, and this figure will rise to 15000 when additional graphics are made available.

I am also allocating another 10 000 BCR to a loyalty campaign, all this requires is that you post 10 times a day (not spam ) in threads relating to BCR, banking , and applications of Masternodes and their derivatives with specific mention of BCr and a link to our thread.

I repeat, spa does not count and will not be rewarded, intelligent and informative posts with links will receive bonuses.

I am allocating 100 000 BCR to a fund to get us listed on more exchanges. getting us listed on a major excahnge will earn you 50K BCR, and 15K BCR for every listing on an exchange whose volume (verified) is + 100 BTC.

[thelonecrouton]

If BCR had BTC coloured coin capability and a coinbase compatible API, partnering with eg.
https://btcjam.com   
https://btcjam.com/partner
... might be mutually beneficial. And doesn't mean BN's can't still offer p2p lending in-house. An approach to consider anyway.

[bitcreditscc]

If BCR had BTC coloured coin capability and a coinbase compatible API, partnering with eg.
https://btcjam.com   
https://btcjam.com/partner
... might be mutually beneficial. And doesn't mean BN's can't still offer p2p lending in-house. An approach to consider anyway.

https://github.com/bitcreditscc/bicreditsnew/commit/695fc35ecee2db5f8383a450b7ec8d677bea0b14