[KOBO] Kobocoin - Mobile Money for Africa

[no141]

How many transactions should i let my wallet have before i make a new wallet.dat file

or is it more like

 how small should i let the amounts in coin control get before i make new wallet.dat file

cheers

Answering "how small should i let the amounts in coin control get"

This is completely up to you. You lose no staking interest as long as the pieces eventually stake. You can always take a look on the blockchain to see what amounts are splitting. If you see only 2 transactions for a block, the amount seen is what split. So if you have a piece 1500 kobo big and another 500 kobo big, it'll take the 500 kobo roughly three times longer to stake because of it's smaller size. If you gather pieces up, sending them as one bigger piece back to yourself, you lose their accrued interest. They will stake faster that way, but at a loss in two ways. First, the initial pieces age; every movement of coins starts with 0 aged coins. Second, bigger pieces split faster, having you earn only a tiny bit of interest on the new large piece, only to start the cycle over. If you want the best of both worlds, you could gather coins then shut the wallet down for a time period, or better yet, change wallets to keep supporting the network. I think it's safe to just wait the blocks out as long as they aren't too tiny. My smallest is 358 kobo with 31038 confirms(from 2/19)--maybe it will stake in a full months time.

A new wallet file won't change anything really. Wait until it gets over 10mb, to even give a seconds thought to it.

[GlitterRush]

no buy support no nothing cant even sell my kobo what is this

[no141]

@GlitterRush, of course you can sell your Kobo at anytime, at the prices people are willing to buy it at the same time. On bittrex you can immediatly sell 1000 kobo for 161 sats each currently.

[GlitterRush]

@GlitterRush, of course you can sell your Kobo at anytime, at the prices people are willing to buy it at the same time. On bittrex you can immediatly sell 1000 kobo for 161 sats each currently.

i cant sell it! it will go to 1sat

[penoze]

@GlitterRush, of course you can sell your Kobo at anytime, at the prices people are willing to buy it at the same time. On bittrex you can immediatly sell 1000 kobo for 161 sats each currently.

i cant sell it! it will go to 1sat

No worry,  this coin is only 1 month old. Give it some time. 

[no141]

@GlitterRush, of course you can sell your Kobo at anytime, at the prices people are willing to buy it at the same time. On bittrex you can immediatly sell 1000 kobo for 161 sats each currently.

i cant sell it! it will go to 1sat

You hold enough coins to wipe out all the buy orders? That's 2,756,979 Kobos.

You don't have to sell everything at once, you can sell some on bittrex, some on yobit, and then wait for prices to recover. Prices will recover.

[leigh2k14]

@GlitterRush, of course you can sell your Kobo at anytime, at the prices people are willing to buy it at the same time. On bittrex you can immediatly sell 1000 kobo for 161 sats each currently.

i cant sell it! it will go to 1sat

You should dump all your coins, as you have no faith, gimme a few mins to put up a buy order first

[leigh2k14]

Interesting article about M-Pesa and bitpesa: http://cointelegraph.com/news/113639/kenya-adopts-bitcoin-with-bitpesa-tagpesa-and-m-pesa

[TheTribesman]

Interesting article about M-Pesa and bitpesa: http://cointelegraph.com/news/113639/kenya-adopts-bitcoin-with-bitpesa-tagpesa-and-m-pesa

Very interesting. Good move by BitPesa.

[leigh2k14]

Interesting article about M-Pesa and bitpesa: http://cointelegraph.com/news/113639/kenya-adopts-bitcoin-with-bitpesa-tagpesa-and-m-pesa

Very interesting. Good move by BitPesa.

Hopefully if bitPesa gets any traction, it would be a lot easier for the West Africans to start to use the Kobo network.

What are your plans to introduce this system into Africa? (not an easy task).

[TheTribesman]

UPDATE:

I've completed the following basic installations. Basic installation means that the software starts correctly, or that the code being compiled compiles without compilation errors.

1. Abe explorer basic install - Completed
2. Kobocoinj basic build - Completed
3. Android wallet basic install - Completed
4. DNS seeder basic install - Completed

What does it all mean?

I've been able to install the Kobocoin PoS Android wallet on my phone, but it crashes. I'm still very happy with this progress because it means that the process flow of building, upgrading, packaging and installing the wallet is valid.

There are still errors in the main apps. The challenge is that there are no other full X15 PoS Android wallets (probably why the original android developer ran away), so the X15 hashing calculation for Abe and Bitcoinj (cloned to Kobocoinj) is still being worked out. There is a very well know dev currently looking at this so it will reach resolution soon. It's just about numbers and calculations(!).

Once the hashing issue is sorted then the wallet can be released. I'm still working on both Abe and Kobocoinj myself. They're the 2 apps affected by the hashing issue. I've been trying different settings to see what effects it has on the system. If I can get it to a point where the Android wallet doesn't crash (the embedded Kobocoinj is what's crashing) then I'll post a screenshot.

The next step is to get dns1.kobocoin.com resolving to the DNS seeder (should take 24-48hrs before being available). That way as soon as there's a resolution we also have the basic infrastructure ready.

I'm going to start the process of getting dns1.kobocoin.com resolving to the seeder and then get back to the desktop wallets. The Android issue stalled me getting the updated wallets out. I'm still keeping my eye on everything else as well.

I'll update you as I progress with things.

[TheTribesman]

This is the error I get when I'm testing the android wallet against the blockchain:

Caused by: org.apache.maven.plugin.MojoFailureException: There are test failures.

I'm really not happy with that message
 

[olcaytu2005]

This is the error I get when I'm testing the android wallet against the blockchain:

Caused by: org.apache.maven.plugin.MojoFailureException: There are test failures.

I'm really not happy with that message
 

We support you tribesman. We belive you and you ll struggle

[TheTribesman]

This is the error I get when I'm testing the android wallet against the blockchain:

Caused by: org.apache.maven.plugin.MojoFailureException: There are test failures.

I'm really not happy with that message
 

We support you tribesman. We belive you and you ll struggle

No issue with the struggle. I knew exactly what I was taking on.

The delay is a massive silver lining for me. It's shown me that skills I have, that I didn't think mattered, are actually worth something when it comes to crypto software. I'm still learning, but I'm more comfortable with the code now I've seen and played with it. Without the delay I'd be none the wiser.

[ActualUpsurge]

keep up the good work!

looks like the android wallet will be delivered sooner than expected!

[yuvi10]

In my first transaction i've sent 2k kobo coins from bittrex to c-cex.com and it was successful. But second time when i've sent 9087 kobo coins to the same address i've recieved nothing.     Address: F5tSVbso2bHZSP5NkGWycpJvKbNSXguQrM
    TxId: 035d643c62b828c08a063439acfcaad284e9e863c43def10e412d476fe3f7f96

please help...

[TheTribesman]

In my first transaction i've sent 2k kobo coins from bittrex to c-cex.com and it was successful. But second time when i've sent 9087 kobo coins to the same address i've recieved nothing.     Address: F5tSVbso2bHZSP5NkGWycpJvKbNSXguQrM
    TxId: 035d643c62b828c08a063439acfcaad284e9e863c43def10e412d476fe3f7f96

please help...

I'm looking into this.

[TheTribesman]

In my first transaction i've sent 2k kobo coins from bittrex to c-cex.com and it was successful. But second time when i've sent 9087 kobo coins to the same address i've recieved nothing.     Address: F5tSVbso2bHZSP5NkGWycpJvKbNSXguQrM
    TxId: 035d643c62b828c08a063439acfcaad284e9e863c43def10e412d476fe3f7f96

please help...

I'm looking into this.

Sent you a PM

[no141]

In my first transaction i've sent 2k kobo coins from bittrex to c-cex.com and it was successful. But second time when i've sent 9087 kobo coins to the same address i've recieved nothing.     Address: F5tSVbso2bHZSP5NkGWycpJvKbNSXguQrM
    TxId: 035d643c62b828c08a063439acfcaad284e9e863c43def10e412d476fe3f7f96

please help...

I'm looking into this.

This is an interesting one. Without generating a block, my wallet stopped at 61801. It still thinks it's current with that block being generated 1 sec ago. Was there an orphan chain? Nothing unusual shows up on the block following the one the wallet stopped at http://altcoinguys.blockexperts.com/kobo/height/61802

As this transaction was at block 62345, could someone still be on the possible orphan chain? Restarting the wallet got me current with the block explorer.

I'm thinking some wallets are needing a resync, possibly both the block explorer and c-cex. Certainly, a block resync by c-cex, at the minimum, would have those coins show up for you.

Need more peers on the wallet, anyone have some to add?


EDIT: It looked like the blockchain explorer was down for a minute a little time ago, and now it shows correct for that transaction. If it's not showing up at c-cex, they need a rescan too.

[TheTribesman]

In my first transaction i've sent 2k kobo coins from bittrex to c-cex.com and it was successful. But second time when i've sent 9087 kobo coins to the same address i've recieved nothing.     Address: F5tSVbso2bHZSP5NkGWycpJvKbNSXguQrM
    TxId: 035d643c62b828c08a063439acfcaad284e9e863c43def10e412d476fe3f7f96

please help...

I'm looking into this.

This is an interesting one. Without generating a block, my wallet stopped at 61801. It still thinks it's current with that block being generated 1 sec ago. Was there an orphan chain? Nothing unusual shows up on the block following the one the wallet stopped at http://altcoinguys.blockexperts.com/kobo/height/61802

As this transaction was at block 62345, could someone still be on the possible orphan chain? Restarting the wallet got me current with the block explorer.

I'm thinking some wallets are needing a resync, possibly both the block explorer and c-cex. Certainly, a block resync by c-cex, at the minimum, would have those coins show up for you.

Need more peers on the wallet, anyone have some to add?


EDIT: It looked like the blockchain explorer was down for a minute a little time ago, and now it shows correct for that transaction. If it's not showing up at c-cex, they need a rescan too.

Yes, that address now contains 3 inputs (including 0.0005 sent from me as a test). Let us know if it's reached C-CEX OK.

Also, the DNS seeder will be online soon so the peers issues hopefully will be resolved. I'll post details once it shows up.

0.00050000