[ANN] Joinmarket - Coinjoin that people will actually use

[giszmo]

3% per year? I could just invest in a S&P mutual fund tracker if I wanted to make that much.

I wonder how you can track bitcoin and S&P at the same time though. For me, selling bitcoins to put them into whatever other economic opportunity feels stupid for me, as I'm so bullish on Bitcoin. Earning 3% on bitcoin savings though sounds great.

[Mythoughts]

My patientsendpayments seems to crash every time someone actually tries to initiate a transaction.
First I assumed there might have been some communication problem, but now this has happend two times in a row making that reason unlikely.

Running Debian Jessy, Joinmarket with bitcoind, both over TOR. Start command:
python patientsendpayment.py -f 5000 -w 48 -c 5000 wallet.json 1000000 <targetaddress>

There's >0.1btc in mixing level 0 of the wallet, the payment to be sent was 0.01 btc.

Debug log:

Code:

2016-04-17 10:45:42,171 [MainThread  ] [DEBUG]  new cjorder nick=TakerNickName oid=0 amount=279749
2016-04-17 10:45:42,171 [MainThread  ] [DEBUG]  get_utxos_by_mixdepth = 
{0: {u'<removed_for_privacy>:1': {'address': u'<removed_for_privacy>',
                                                                             'value': 12000000}}}
2016-04-17 10:45:42,171 [MainThread  ] [DEBUG]  for mixdepth=0 amount=279749 selected:
2016-04-17 10:45:42,171 [MainThread  ] [DEBUG]  [{'utxo': u'<removed_for_privacy>:1',
  'value': 15000000}]
2016-04-17 10:45:42,196 [MainThread  ] [DEBUG]  maker utxos = {u'<removed_for_privacy>:1': {'address': u'<removed_for_privacy>',
                                                                         'value': 12000000}}
2016-04-17 10:45:42,362 [MainThread  ] [DEBUG]  >>privmsg nick=TakerNickName cmd=pubkey msg=<removed_for_privacy>
2016-04-17 10:45:45,301 [MainThread  ] [DEBUG]  <<privmsg nick=TakerNickName message=!auth 03bc3d29583d621e16a56c13992d52fe1635e09e51bd525feac71c5c00344eb740 GztJJT/Hvp5qHqN2uEgrIgP5vsa1JR6THbN/uN94V8Zh/r7DzETP0kgVA5QXGwlIoejTzvgzegT5JT1AEhQ9+XI=
2016-04-17 10:45:45,317 [MainThread  ] [DEBUG]  CRASHING, DUMPING EVERYTHING
2016-04-17 10:45:45,317 [MainThread  ] [DEBUG]  Class debug dump, name:Wallet
2016-04-17 10:45:45,317 [MainThread  ] [DEBUG]  key=unspent
2016-04-17 10:45:45,317 [MainThread  ] [DEBUG]  {u'<removed_for_privacy>:1': {'address': u'<removed_for_privacy>',
                                                                         'value': 12000000}}
2016-04-17 10:45:45,317 [MainThread  ] [DEBUG]  key=gaplimit
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  6
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  key=index
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  [[2, 1]]
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  key=index_cache
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  [[2, 1]]
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  key=spent_utxos
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  []
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  key=utxo_selector
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  <function select at 0x7f88a56b0b18>
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  key=path
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  string: len:19
2016-04-17 10:45:45,318 [MainThread  ] [DEBUG]  wallets/wallet.json
2016-04-17 10:45:45,319 [MainThread  ] [DEBUG]  key=storepassword
2016-04-17 10:45:45,319 [MainThread  ] [DEBUG]  False
2016-04-17 10:45:45,319 [MainThread  ] [DEBUG]  key=max_mix_depth
2016-04-17 10:45:45,319 [MainThread  ] [DEBUG]  1
2016-04-17 10:45:45,319 [MainThread  ] [DEBUG]  key=imported_privkeys
2016-04-17 10:45:45,319 [MainThread  ] [DEBUG]  {}
Traceback (most recent call last):
  File "patientsendpayment.py", line 241, in main
    irc.run()
  File "/home/username/joinmarket-develop/joinmarket/irc.py", line 657, in run
    self.__handle_line(line)
  File "/home/username/joinmarket-develop/joinmarket/irc.py", line 540, in __handle_line
    self.__handle_privmsg(_chunks[0], _chunks[2], get_irc_text(line))
  File "/home/username/joinmarket-develop/joinmarket/irc.py", line 491, in __handle_privmsg
    self.__on_privmsg(nick, parsed)
  File "/home/username/joinmarket-develop/joinmarket/irc.py", line 377, in __on_privmsg
    self.on_seen_auth(nick, i_utxo_pubkey, btc_sig)
  File "/home/username/joinmarket-develop/joinmarket/maker.py", line 253, in on_seen_auth
    self.active_orders[nick].auth_counterparty(nick, pubkey, sig)
  File "/home/username/joinmarket-develop/joinmarket/maker.py", line 96, in auth_counterparty
    btc_pub = btc.privtopub(btc_key)
  File "/home/username/joinmarket-develop/bitcoin/main.py", line 280, in privkey_to_pubkey
    f = get_privkey_format(privkey)
  File "/home/username/joinmarket-develop/bitcoin/main.py", line 191, in get_privkey_format
    elif len(priv) == 32: return 'bin'
TypeError: object of type 'NoneType' has no len()
done

Edit:
New entries in the bitcoind-debug.log as well. This I've also not seen before I I started using Joinmarkt... google didnt help with that error message:

Code:

2016-04-17 11:41:45 AddToWallet <removed_for_privacy>  update
2016-04-17 11:41:45 runCommand error: system(curl -sI --connect-timeout 1 http://localhost:62602/walletnotify?<removed_for_privacy>) returned 1792

[domob]

My patientsendpayments seems to crash every time someone actually tries to initiate a transaction.
First I assumed there might have been some communication problem, but now this has happend two times in a row making that reason unlikely.

I had the same issue some time ago - the short answer is that the JoinMarket protocol requires you to have the target address of a join in your wallet.  I. e., patientsendpayment only works if you send to yourself, and then only if you import the target address into your JoinMarket wallet.  I think there is some incentive to change the protocol to make it work as originally envisioned, but I don't think that actual work is already done on that.

In my case, this was not much of an issue, since I wanted to use that for internal wallet restructuring and sent to myself.  Importing the target address' private key into JoinMarket made it work.  Not sure if that is an option for you, though.

[Mythoughts]

I had the same issue some time ago - the short answer is that the JoinMarket protocol requires you to have the target address of a join in your wallet.  I. e., patientsendpayment only works if you send to yourself, and then only if you import the target address into your JoinMarket wallet.  I think there is some incentive to change the protocol to make it work as originally envisioned, but I don't think that actual work is already done on that.

Thanks, that's good to know.

I've also talked to belcher about this error from bitcoind's debug.log:

2016-04-17 11:41:45 AddToWallet <removed_for_privacy>  update
2016-04-17 11:41:45 runCommand error: system(curl -sI --connect-timeout 1 http://localhost:62602/walletnotify?<removed_for_privacy>) returned 1792

This occurs when a new transaction is detected, which was sent externally (e.g. not part of a joinmarket-transaction) to the joinmarket-wallet. This error can safely be ignored. If a yield-generator is running, he won't see the funds though until restarted.

[belcher]

Please complete this questionnaire on how you use JoinMarket. (Should take only 60 seconds)

http://surveynuts.com/surveys/take?id=57841&c=716997053JRPF

The results are here:

https://surveynuts.com/surveys/admin?id=57841&stoken=8933114612517&section=results

Thanks to everyone who answered!

[belcher]

JoinMarket v0.1.4 released!

https://github.com/JoinMarket-Org/joinmarket/blob/master/doc/release-notes-0.1.4.md


We will be signing our git commits.

You can check them like this link

Import my GPG public key (do the same for other developers like waxwing)

Clone the repository and verify

Code:

    $ git clone https://github.com/JoinMarket-Org/joinmarket.git my-joinmarket-folder
    $ cd my-joinmarket-folder
    $ git log --show-signature

It should show

Code:

    commit f169351c1dc8e9b485f4b00366fc8f94b1773e0a
    gpg: Signature made Wed 04 May 2016 01:50:53 BST using RSA key ID 77F31129
    gpg: Good signature from "Chris Belcher <false@email.com>"
    Merge: d1092f5 809b654
    Author: chris-belcher <chris-belcher@users.noreply.github.com>
    Date:   Wed May 4 01:50:45 2016 +0100

git commits are a chain of hashes, so one signed commit at the top is enough to verify all the ones below it.

[superresistant]

 
Congrats for the new version.

[2c0de]

Maker broadcast, Bitcoin crypto, will surely join some join.

[waxwing]

Joinmarket-Qt update to the new version: https://github.com/JoinMarket-Org/JMBinary/releases

, plus some bits and pieces mentioned in the reddit comment here:

https://www.reddit.com/r/joinmarket/comments/4hsaz9/joinmarket_v014_released/d2u4xv8

[belcher]

JoinMarket v0.1.4 has a new feature that calculates your effective interest rate from running a yield generator, as though it was a bank account.

https://github.com/JoinMarket-Org/joinmarket/blob/master/doc/release-notes-0.1.4.md#wallet-history

To use, configure JoinMarket to use a Bitcoin node as a method of accessing the blockchain and run:

Code:

python wallet-tool.py wallet.json history

It takes into account all your deposits and withdrawals, so it should calculate the rate even if you were adding to your wallet or spending from it.

For my own yield generator wallet the figure is 0.67% per annum. I've been running it since the very start including when very few people used JoinMarket, so you can expect my yield to be on the low end.

grubles tried this and got 3.2% as an effective interest rate. I assume he's been running it for less time.

Whats your yield ?



https://www.reddit.com/r/joinmarket/comments/4hwwa0/calculate_your_yield_generators_perannum_return/

I'm aiming to get more people running yield generators.

Riding the pump-and-dump rollercoaster of Eth/TheDAO and similar is ultra high risk/reward, JoinMarket is more aiming for the slow and steady winning the race.

Earning about 1% per annum in a deflationary currency with basically zero risk where you can withdraw your money at any time must be unique in the cryptocurrency space.

[danda]

Hi, I found the output of wallet-tool.py hard to read so I made a patch that formats the output into text tables with borders.

Here's a very basic example:

Code:

+-----------+---------------+
| Mix Depth | Balance       |
+-----------+---------------+
|         0 | 0.34898343btc |
|         1 | 0.23468934btc |
|         2 | 0.23123434btc |
|         3 | 0.82397493btc |
|         4 | 0.22356223btc |
+-----------+---------------+
| total:    | 1.84839232btc |
+-----------+---------------+

Wallet addrs and history are also in tables.

Pull request is here:  
https://github.com/JoinMarket-Org/joinmarket/pull/539

If anyone wishes to try it before the pull request is approved, you could clone from my repo at:
https://github.com/dan-da/joinmarket

[belcher]

The JoinMarket IRC channel so far was hosted on freenode, which is very unfriendly to tor users.

So I've set up an IRC relaying bot between the freenode channel and a channel on cyberguerrilla which is far more friendly to tor.

Tor Details:

Code:

channel = #joinmarket
host = 6dvj6v5imhny3anf.onion
port = 6697
ssl enabled

[twinkletoes007]

Looks like  alot of the bumps are getting smoothed out along with more volume. Steep learning curve but im catching on.

[danda]

In the spirit of "Coinjoin that people will actually use", I'm wondering if any of the regular bitcoin wallets have integrated joinmarket, or have announced any plans to do so?

Along these lines...

Is there a joinmarket API that would make it straightforward for a wallet to integrate?

Has any effort been made to approach wallet makers?

If not, perhaps we should open issues requesting joinmarket support on their respective github pages.

[belcher]

In the spirit of "Coinjoin that people will actually use", I'm wondering if any of the regular bitcoin wallets have integrated joinmarket, or have announced any plans to do so?

Along these lines...

Is there a joinmarket API that would make it straightforward for a wallet to integrate?

Has any effort been made to approach wallet makers?

If not, perhaps we should open issues requesting joinmarket support on their respective github pages.

IMO joinmarket is at too early of a stage for this, there are still a few problems that would be nice to fix before anything happens.
Right now it seems most of the adoption comes from people using the tumbler script.

[waxwing]

The JoinMarket IRC channel so far was hosted on freenode, which is very unfriendly to tor users.

So I've set up an IRC relaying bot between the freenode channel and a channel on cyberguerrilla which is far more friendly to tor.

Tor Details:

Code:

channel = #joinmarket
host = 6dvj6v5imhny3anf.onion
port = 6697
ssl enabled

Just for clarification: this is referring to the IRC channel we use to *chat*, not the IRC channel(s) we use for joinmarket orders/joining activity (what we call the "pit" like trading pit).

[waxwing]

In the spirit of "Coinjoin that people will actually use", I'm wondering if any of the regular bitcoin wallets have integrated joinmarket, or have announced any plans to do so?

Along these lines...

Is there a joinmarket API that would make it straightforward for a wallet to integrate?

Has any effort been made to approach wallet makers?

If not, perhaps we should open issues requesting joinmarket support on their respective github pages.

IMO joinmarket is at too early of a stage for this, there are still a few problems that would be nice to fix before anything happens.
Right now it seems most of the adoption comes from people using the tumbler script.

First, for danda, it's worth noting that this has been very extensively investigated/discussed for more than a year. Also worth noting is that, to the surprise of no one, when Joinmarket was first widely announced in public, the most common response was "please make this appear in my wallet, or at least in some wallet". Again, I emphasize: to the surprise of no one, we know that that's what people prefer.

Second, w.r.t belcher's "too early a stage": it's difficult to make a general statement. It's true that there are aspects of how joinmarket works that can make it awkward to integrate it into a wallet; things like, HD structure (mixdepths, see below), approach to E2E encryption of messages, code language, packaging etc. But I don't think there's some fundamental problem making it impossible, especially if you restrict the scope, and especially if the wallet code has its own model for integration.

Which brings me to:

For those reading who are interested in such things (wallet integrations), let me point you at: https://www.reddit.com/r/joinmarket/comments/4m1b7r/requesting_linux_testers_for_an_experimental/ which links to an Electrum plugin for testing. Install is multi-step (but not complex) for reasons described in the post, but if anyone here's willing to give it a test would appreciate it. It allows the creation of coinjoins (sendpayments) directly from your Electrum wallet (only "Standard" type).

I've gotten only 1 person so far after more than a week who even installed it, which is disappointing after *so* many requests in the early days to do an Electrum plugin.

Electrum accounts within a standard BIP32 HD wallet are exactly like Joinmarket mixdepths, so a natural extension to that plugin (which for now just does sendpayment) is to implement that, and eventually I'd hope, something like tumbler could be programmed (mixdepths->accounts). Obviating the need for any separate wallet management for *users* of Joinmarket (takers). Providers, i.e. makers, should be using Core and joinmarket's own wallet and script set up probably (although there is the dream of passively acting as maker from your own wallet, maybe that's possible too).

[dserrano5]

For those reading who are interested in such things (wallet integrations), let me point you at: https://www.reddit.com/r/joinmarket/comments/4m1b7r/requesting_linux_testers_for_an_experimental/ which links to an Electrum plugin for testing. Install is multi-step (but not complex) for reasons described in the post, but if anyone here's willing to give it a test would appreciate it. It allows the creation of coinjoins (sendpayments) directly from your Electrum wallet (only "Standard" type).

I've gotten only 1 person so far after more than a week who even installed it, which is disappointing after *so* many requests in the early days to do an Electrum plugin.

I keep a tab in my browser for this thread and refresh it from time to time. I just read this.

The installation is easy. I applied the patch with vim instead of patch , there was some offset (line 1194 instead of 1212). Now I guess I should fund any of the addresses that was written to stdout upon electrum startup and then, just make any payment? (I'll play with it nevertheless later today but I thought I could post anything to show interest, and then I thought I could put a dumb question at the end ).

[dserrano5]

and then, just make any payment?

Hmm, there must be something else. In the preferences I ticked "View transaction before signing" and it's a regular tx, no CJ apparently involved. I can't tell whether the plugin was loaded or not.

[waxwing]

and then, just make any payment?

Hmm, there must be something else. In the preferences I ticked "View transaction before signing" and it's a regular tx, no CJ apparently involved. I can't tell whether the plugin was loaded or not.

Go to Tools->Plugins, if Joinmarket isn't there it hasn't installed properly, if it is, check the checkbox and it should create a Joinmarket tab.

Thanks for taking a look!