Mining City Compensation Plan – Bitcoin Cloud Mining Flatform

Groestlcoin 6th Anniversary Release

Introduction

Dear Groestlers, it goes without saying that 2020 has been a difficult time for millions of people worldwide. The groestlcoin team would like to take this opportunity to wish everyone our best to everyone coping with the direct and indirect effects of COVID-19. Let it bring out the best in us all and show that collectively, we can conquer anything.
The centralised banks and our national governments are facing unprecedented times with interest rates worldwide dropping to record lows in places. Rest assured that this can only strengthen the fundamentals of all decentralised cryptocurrencies and the vision that was seeded with Satoshi's Bitcoin whitepaper over 10 years ago. Despite everything that has been thrown at us this year, the show must go on and the team will still progress and advance to continue the momentum that we have developed over the past 6 years.
In addition to this, we'd like to remind you all that this is Groestlcoin's 6th Birthday release! In terms of price there have been some crazy highs and lows over the years (with highs of around $2.60 and lows of $0.000077!), but in terms of value– Groestlcoin just keeps getting more valuable! In these uncertain times, one thing remains clear – Groestlcoin will keep going and keep innovating regardless. On with what has been worked on and completed over the past few months.

UPDATED - Groestlcoin Core 2.18.2

This is a major release of Groestlcoin Core with many protocol level improvements and code optimizations, featuring the technical equivalent of Bitcoin v0.18.2 but with Groestlcoin-specific patches. On a general level, most of what is new is a new 'Groestlcoin-wallet' tool which is now distributed alongside Groestlcoin Core's other executables.
NOTE: The 'Account' API has been removed from this version which was typically used in some tip bots. Please ensure you check the release notes from 2.17.2 for details on replacing this functionality.

How to Upgrade?

Windows
If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), then run the installer.
OSX
If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), run the dmg and drag Groestlcoin Core to Applications.
Ubuntu
http://groestlcoin.org/forum/index.php?topic=441.0

Other Linux

http://groestlcoin.org/forum/index.php?topic=97.0

Download

Download the Windows Installer (64 bit) here
Download the Windows Installer (32 bit) here
Download the Windows binaries (64 bit) here
Download the Windows binaries (32 bit) here
Download the OSX Installer here
Download the OSX binaries here
Download the Linux binaries (64 bit) here
Download the Linux binaries (32 bit) here
Download the ARM Linux binaries (64 bit) here
Download the ARM Linux binaries (32 bit) here

Source

ALL NEW - Groestlcoin Moonshine iOS/Android Wallet

Built with React Native, Moonshine utilizes Electrum-GRS's JSON-RPC methods to interact with the Groestlcoin network.
GRS Moonshine's intended use is as a hot wallet. Meaning, your keys are only as safe as the device you install this wallet on. As with any hot wallet, please ensure that you keep only a small, responsible amount of Groestlcoin on it at any given time.

Features

Download

iOS
Android

Source

ALL NEW! – HODL GRS Android Wallet

HODL GRS connects directly to the Groestlcoin network using SPV mode and doesn't rely on servers that can be hacked or disabled.
HODL GRS utilizes AES hardware encryption, app sandboxing, and the latest security features to protect users from malware, browser security holes, and even physical theft. Private keys are stored only in the secure enclave of the user's phone, inaccessible to anyone other than the user.
Simplicity and ease-of-use is the core design principle of HODL GRS. A simple recovery phrase (which we call a Backup Recovery Key) is all that is needed to restore the user's wallet if they ever lose or replace their device. HODL GRS is deterministic, which means the user's balance and transaction history can be recovered just from the backup recovery key.

Features

Download

Main Release (Main Net)
Testnet Release

Source

ALL NEW! – GroestlcoinSeed Savior

Groestlcoin Seed Savior is a tool for recovering BIP39 seed phrases.
This tool is meant to help users with recovering a slightly incorrect Groestlcoin mnemonic phrase (AKA backup or seed). You can enter an existing BIP39 mnemonic and get derived addresses in various formats.
To find out if one of the suggested addresses is the right one, you can click on the suggested address to check the address' transaction history on a block explorer.

Features

Live Version (Not Recommended)

https://www.groestlcoin.org/recovery/

Download

https://github.com/Groestlcoin/mnemonic-recovery/archive/master.zip

Source

ALL NEW! – Vanity Search Vanity Address Generator

NOTE: NVidia GPU or any CPU only. AMD graphics cards will not work with this address generator.
VanitySearch is a command-line Segwit-capable vanity Groestlcoin address generator. Add unique flair when you tell people to send Groestlcoin. Alternatively, VanitySearch can be used to generate random addresses offline.
If you're tired of the random, cryptic addresses generated by regular groestlcoin clients, then VanitySearch is the right choice for you to create a more personalized address.
VanitySearch is a groestlcoin address prefix finder. If you want to generate safe private keys, use the -s option to enter your passphrase which will be used for generating a base key as for BIP38 standard (VanitySearch.exe -s "My PassPhrase" FXPref). You can also use VanitySearch.exe -ps "My PassPhrase" which will add a crypto secure seed to your passphrase.
VanitySearch may not compute a good grid size for your GPU, so try different values using -g option in order to get the best performances. If you want to use GPUs and CPUs together, you may have best performances by keeping one CPU core for handling GPU(s)/CPU exchanges (use -t option to set the number of CPU threads).

Features

Usage

https://github.com/Groestlcoin/VanitySearch#usage

Download

Source

ALL NEW! – Groestlcoin EasyVanity 2020

Groestlcoin EasyVanity 2020 is a windows app built from the ground-up and makes it easier than ever before to create your very own bespoke bech32 address(es) when whilst not connected to the internet.
If you're tired of the random, cryptic bech32 addresses generated by regular Groestlcoin clients, then Groestlcoin EasyVanity2020 is the right choice for you to create a more personalised bech32 address. This 2020 version uses the new VanitySearch to generate not only legacy addresses (F prefix) but also Bech32 addresses (grs1 prefix).

Features

Download

Source

Remastered! – Groestlcoin WPF Desktop Wallet (v2.19.0.18)

Groestlcoin WPF is an alternative full node client with optional lightweight 'thin-client' mode based on WPF. Windows Presentation Foundation (WPF) is one of Microsoft's latest approaches to a GUI framework, used with the .NET framework. Its main advantages over the original Groestlcoin client include support for exporting blockchain.dat and including a lite wallet mode.
This wallet was previously deprecated but has been brought back to life with modern standards.

Features

Remastered Improvements

Download

Source

ALL NEW! – BIP39 Key Tool

Groestlcoin BIP39 Key Tool is a GUI interface for generating Groestlcoin public and private keys. It is a standalone tool which can be used offline.

Features

Download

Windows
Linux :
 pip3 install -r requirements.txt python3 bip39\_gui.py 

Source

ALL NEW! – Electrum Personal Server

Groestlcoin Electrum Personal Server aims to make using Electrum Groestlcoin wallet more secure and more private. It makes it easy to connect your Electrum-GRS wallet to your own full node.
It is an implementation of the Electrum-grs server protocol which fulfils the specific need of using the Electrum-grs wallet backed by a full node, but without the heavyweight server backend, for a single user. It allows the user to benefit from all Groestlcoin Core's resource-saving features like pruning, blocks only and disabled txindex. All Electrum-GRS's feature-richness like hardware wallet integration, multi-signature wallets, offline signing, seed recovery phrases, coin control and so on can still be used, but connected only to the user's own full node.
Full node wallets are important in Groestlcoin because they are a big part of what makes the system be trust-less. No longer do people have to trust a financial institution like a bank or PayPal, they can run software on their own computers. If Groestlcoin is digital gold, then a full node wallet is your own personal goldsmith who checks for you that received payments are genuine.
Full node wallets are also important for privacy. Using Electrum-GRS under default configuration requires it to send (hashes of) all your Groestlcoin addresses to some server. That server can then easily spy on your transactions. Full node wallets like Groestlcoin Electrum Personal Server would download the entire blockchain and scan it for the user's own addresses, and therefore don't reveal to anyone else which Groestlcoin addresses they are interested in.
Groestlcoin Electrum Personal Server can also broadcast transactions through Tor which improves privacy by resisting traffic analysis for broadcasted transactions which can link the IP address of the user to the transaction. If enabled this would happen transparently whenever the user simply clicks "Send" on a transaction in Electrum-grs wallet.
Note: Currently Groestlcoin Electrum Personal Server can only accept one connection at a time.

Features

Download

Windows
Linux / OSX (Instructions)

Source

UPDATED – Android Wallet 7.38.1 - Main Net + Test Net

The app allows you to send and receive Groestlcoin on your device using QR codes and URI links.
When using this app, please back up your wallet and email them to yourself! This will save your wallet in a password protected file. Then your coins can be retrieved even if you lose your phone.

Changes

Download

Main Net
Main Net (FDroid)
Test Net

Source

UPDATED – Groestlcoin Sentinel 3.5.06 (Android)

Groestlcoin Sentinel is a great solution for anyone who wants the convenience and utility of a hot wallet for receiving payments directly into their cold storage (or hardware wallets).
Sentinel accepts XPUB's, YPUB'S, ZPUB's and individual Groestlcoin address. Once added you will be able to view balances, view transactions, and (in the case of XPUB's, YPUB's and ZPUB's) deterministically generate addresses for that wallet.
Groestlcoin Sentinel is a fork of Groestlcoin Samourai Wallet with all spending and transaction building code removed.

Changes

Download

Source

UPDATED – P2Pool Test Net

Changes

Download

Pre-Hosted Testnet P2Pool is available via http://testp2pool.groestlcoin.org:21330/static/

Source

submitted by Yokomoko_Saleen to groestlcoin [link] [comments]

Decred is insanely undervalued - A Confluence of Blockchain mechanics and Raw Scarcity

Decred is insanely undervalued - A Confluence of Blockchain mechanics and Raw Scarcity
Decred has caught a burst of long overdue wind today.
Below is my thesis on recent price action drivers and why I think Decred is insanely undervalued right now from an on-chain/blockchain mechanics perspective.
This is an expansion on a tweet I put out here https://twitter.com/_Checkmatey_/status/1190349477120552961
Fundamentally, the project is one of the most undervalued assets in the market and I believe the largest information asymmetry next to Bitcoin. The smart money know this. They have been accumulating. Looking at the volume of DCR moving on-chain, we can see a significant amount of DCR moving in 2019 at the current support range. We know that DCR is always on the move due to tickets so when we see high volume nodes like this, it supports the notion of actual accumulation in addition to the usual transaction flow. We have seen similar growth in the median and mean transaction sizes throughout 2019. Larger wallets, larger DCR purchases.
Update: Note how the 2019 volume node, if just looking at USD chart could be attributed to Dec-Apr period or the recent drawdown. However looking against the BTC chart confirms that the dominant accumulation has occurred during the recent period as the BTC price probes the lows. This is what I consider a high volume zone of support characterised by a large transfer of coins (miners selling, accumulating buyers).
On-chain DCR volume profile plotted against price for BTC (black) and USD (blue)
The recent price action drawdown in my opinion is a result of Miners going too hard to fast. ASICs were introduced in early 2018 and we see an explosion in PoW Difficulty. Mining is a leveraged play for DCR and in this case is unlike what occurred for BTC in that it was almost four years until ASICs were on the scene for Bitcoin. This means that Bitcoins naturally high early inflation had time to disperse before ASICs and serious hardware investment came online. ASICs are capital intensive, not hobbyist grade meaning coins mined must necessarily become coins sold.
We can compare the insane growth in Decred mining since Jan 2018 against the market to see this on a relative scale. Mind you, this is a bullish signal. Miners are committing heavy capital to the Decred chain security. They have done their due diligence and have high conviction. That is not something to ignore.
Full tweet on this here https://twitter.com/_Checkmatey_/status/1177650799050133504
Normalised difficulty growth (left) since Jan 2018 and (right) 2019 Year to Date
As miners over-extend without support of price appreciation, they must sell more coins to pay bills. Eventually the weak miners have to capitulate and difficulty ribbon squeezes as mining equipment is switched off. We have seen this play out for Bitcoin where squeezing of the difficulty ribbon indicates a valuable period for accumulation. Willy Woo talks about this here https://woobull.com/introducing-the-difficulty-ribbon-the-best-times-to-buy-bitcoin/.
What happens next is that the strong miners gain an increasing share of the hashrate. Their energy is thus rewarded with more DCR and so they can sell less of their income and Hodl more. This effectively begins to constrain supply rather than the oversaturation during capitulation. Over time this leads to a reversal in price action which further perpetuates the effect.
Price of a scarce asset must appreciate with reduced circulating supply assuming demand relatively remains stable or increases.
Decred total cumulative block subsidy paid (price x block reward DCR) and Difficulty ribbon
This is actually very healthy for Decred. Coins are being distributed by miners en-mass right now, nullifying the risk of miners holding too high of a supply within the staking system leading to centralisation. I would argue that this distribution of coins is one of the most important and bullish signals long term. We know that miners stake as well and thus they are able to generate income on Hodled coins. I expect this to actually soften the degree of miner capitulation as they can turn off power whilst still generating income.
For this reason, I do not suspect we will see photos of mountains of Decred ASICs being thrown out as we saw for Bitcoin in 2018. The machines are simply put on hold until price reverses to justify power consumption. This is a valuable business feasibility case for miners and a feature of long term sustainability in the chain security.
Decred Resilience
This is where the elegance of Decred resilience steps in.
As miners slow, supply saturates, price drops.
DCR Tickets become cheaper.
Stakeholders step in and accumulation begins.
The Ticket Price hit an ATH of 140+ DCR as Stakeholders begin accumulating and commit capital to secure the chain. The Hybrid PoW/PoS system works as a counter balance. When price is in a strong uptrend, stakeholders are provided an exit to capitalise on gains as miners have a strong case for expanding their operations (PoW dominant security). During price drawdowns, miners drop out and the cheap DCR stimulates Hodlers buying and locking capital which locks down available supply from attackers. An attack would thus drive price higher and the cycle repeats.
As above, showing the total DCR locked in tickets hits an ATH as price drops due to miner capitulation
PermabullNino made the observation that Decred functions as an elegant yet robust accounting system. His discussion on block subsidies are shown in the charts above and linked here https://medium.com/@permabullnino/decred-on-chain-a-look-at-block-subsidies-6f5180932c9b.Decred has a has past, present and future cash flows distributed to those who support it most. This puts Decred security in good hands- Miners 60%- Stakeholders 30%- Builders 10%
Price is currently hovering around the PoW total subsidy paid (red line) and means miners are indeed feeling the squeeze as this is the cost basis of all DCR paid to date. Once you factor in overheads and capital costs, it makes sense we are seeing DCR supply distribution. The last time we saw price dip to this line was early in Decreds history and was followed by a rapid repricing.
We now have three mechanisms at play which will act to constrain supply
  • Miners are distributing heavily but eventually will switch to hodling as the strong miners hash share grows.
  • Stakeholder are absorbing supply en mass and locking in tickets due to relatively cheap prices
  • Inflation rate is in a state of constant reduction
Scarcity
My recent work looking at the Decred stock-to-flow model (which does exist and is convincing, contrary to what the Bitcoin maxi community may want to believe), suggests that DCR is in the oversold range. It has deviated by 1.5 standard deviations from the S2F model mean which is near identical to Bitcoin at 50% supply mined. Historically for Bitcoin and Decred, this has been an opportune period for accumulation. More on this discussion in my tweet here https://twitter.com/_Checkmatey_/status/1184159137564889089
Note that Decred, likely due to the smooth issuance and difference in market awareness, is less volatile than Bitcoin. The significant undervaluation of Bitcoin at 50% mined was due to the first 2012 halving where it was a very different and far smaller market. I would expect DCR to be repriced sooner rather than later as the smart money steps in having now developed Bitcoin hindsight.
Standard deviations of DCR and BTC price from the respective stock-to-flow linear regression models
As a final note, if we look at Decred and Bitcoin market valuations plotted against ratio of 21M coins issued, which normalises for coin age, we see a fascinating similarity in these coins trajectory. Bitcoin was worth $127M at 50% coins mined and Decred was worth $180M. Considering we are in a log scale market, this is practically the same. Decred has achieved this value both benefiting from market awareness and size, but also in the face of heavy (albeit generally ill-equipped) alt-coin competition, quite remarkable.
Decred and Bitcoin Market and Realised Caps and S2F models plotted against ratio of 21M coins mined
Given that Decred has such insanely strong fundamentals, has developed a convincing monetary premium in it's short life and traverses the same stock-to-flow path as Bitcoin, I believe there is immense value flying under the markets radar.
The recent price action drawdown can reasonably be attributed to miners over-extending. However based on both prior Decred behaviour and drawing comparisons to Bitcoin history, there is a strong argument to be made that supply will soon be constrained on multiple fronts and the current value is both highly undervalued and being absorbed by the smart money.
Feedback, counter-points and discussions welcome.
Cheers,
CM.
submitted by __checkmatey__ to decred [link] [comments]

Transcript of Open Developer Meeting in Discord - 7/19/2019

[Dev-Happy] BlondfrogsLast Friday at 3:58 PM
Hey everyone. The channel is now open for the dev meeting.
LSJI07 - MBITLast Friday at 3:58 PM
Hi
TronLast Friday at 3:59 PM
Hi all!
JerozLast Friday at 3:59 PM
:wave:
TronLast Friday at 3:59 PM
Topics: Algo stuff - x22rc, Ownership token for Restricted Assets and Assets.
JerozLast Friday at 4:00 PM
@Milo is also here from coinrequest.
MiloLast Friday at 4:00 PM
Hi :thumbsup:
Pho3nix Monk3yLast Friday at 4:00 PM
welcome, @Milo
TronLast Friday at 4:00 PM
Great.
@Milo Was there PRs for Android and iOS?
MiloLast Friday at 4:01 PM
Yes, I've made a video. Give me a second I'll share it asap.
JerozLast Friday at 4:02 PM
I missed the iOS one.
MiloLast Friday at 4:02 PM
Well its 1 video, but meant for all.
JerozLast Friday at 4:02 PM
Ah, there's an issue but no pull request (yet?)
https://github.com/RavenProject/ravenwallet-ios/issues/115
[Dev-Happy] BlondfrogsLast Friday at 4:03 PM
nice @Milo
MiloLast Friday at 4:04 PM
Can it be that I have no video post rights?
JerozLast Friday at 4:05 PM
In discord?
MiloLast Friday at 4:05 PM
yes?
[Dev-Happy] BlondfrogsLast Friday at 4:05 PM
just a link?
JerozLast Friday at 4:05 PM
Standard version has a file limit afaik
Pho3nix Monk3yLast Friday at 4:05 PM
try now
gave permissions
MiloLast Friday at 4:05 PM
it's not published yet on Youtube, since I didn't knew when it would be published in the wallets
file too big. Hold on i'll put it on youtube and set it on private
LSJI07 - MBITLast Friday at 4:06 PM
no worries ipfs it...:yum:
Pho3nix Monk3yLast Friday at 4:06 PM
ok, just send link when you can
[Dev-Happy] BlondfrogsLast Friday at 4:07 PM
So guys. We released Ravencoin v2.4.0!
JerozLast Friday at 4:08 PM
If you like the code. Go update them nodes! :smiley:
[Dev-Happy] BlondfrogsLast Friday at 4:08 PM
We are recommending that you are upgrading to it. It fixes a couple bugs in the code base inherited from bitcoin!
MiloLast Friday at 4:08 PM
https://www.youtube.com/watch?v=t\_g7NpFXm6g&feature=youtu.be
sorry for the hold up
YouTube
Coin Request
Raven dev Gemiddeld
LSJI07 - MBITLast Friday at 4:09 PM
thanks short and sweet!!
KAwARLast Friday at 4:10 PM
Is coin request live on the android wallet?
TronLast Friday at 4:10 PM
Nice video.
It isn't in the Play Store yet.
Pho3nix Monk3yLast Friday at 4:10 PM
Well, this is the first time in a while where we have this many devs online. What questions do y'all have?
LSJI07 - MBITLast Friday at 4:11 PM
Algo questions?
Pho3nix Monk3yLast Friday at 4:11 PM
sure
KAwARLast Friday at 4:11 PM
KK
LSJI07 - MBITLast Friday at 4:12 PM
what are the proposed 22 algos in x22r? i could only find the original 16 plus 5 on x21.
TronLast Friday at 4:12 PM
Likely the 5 from x21 and find one more.
We need to make sure they're all similar in time profile.
liqdmetalLast Friday at 4:14 PM
should we bother fixing a asic-problem that we dont know exists for sure or not?
TronLast Friday at 4:14 PM
That's the 170 million dollar question.
[Dev-Happy] BlondfrogsLast Friday at 4:14 PM
I would prefer to be proactive not reactive.
imo
JerozLast Friday at 4:14 PM
same
LSJI07 - MBITLast Friday at 4:15 PM
RIPEMD160 is a golden oldie but not sure on hash speed compared to the others.
liqdmetalLast Friday at 4:15 PM
in my mind we should focus on the restricted messaging etc
Sevvy (y rvn pmp?)Last Friday at 4:15 PM
probably won't know if the action was needed until after you take the action
liqdmetalLast Friday at 4:15 PM
we are at risk of being interventionistas
acting under opacity
TronLast Friday at 4:15 PM
Needs to spit out at least 256 bit. Preferably 512 bit.
LSJI07 - MBITLast Friday at 4:15 PM
ok
TronLast Friday at 4:15 PM
If it isn't 512 bit, it'll cause some extra headache for the GPU mining software.
liqdmetalLast Friday at 4:16 PM
i seek to avoid iatrogenics
TronLast Friday at 4:16 PM
Similar to the early problems when all the algos except the first one were built for 64-bytes (512-bit) inputs.
Had to look that one up. TIL iatrogenics
JerozLast Friday at 4:17 PM
I have to google most of @liqdmetal's vocabulary :smile:
liqdmetalLast Friday at 4:17 PM
@Tron tldr: basically the unseen, unintended negative side effects of the asic "cure"
Sevvy (y rvn pmp?)Last Friday at 4:18 PM
10 dolla word
liqdmetalLast Friday at 4:19 PM
we need a really strong case to intervene in what has been created.
TronLast Friday at 4:19 PM
I agree. I'm less concerned with the technical risk than I am the potential split risk experienced multiple times by Monero.
Sevvy (y rvn pmp?)Last Friday at 4:20 PM
tron do you agree that forking the ravencoin chain presents unique risks compared to other chains that aren't hosting assets?
JerozLast Friday at 4:21 PM
Yes, if you fork, you need to figure out for each asset which one you want to support.
Sevvy (y rvn pmp?)Last Friday at 4:21 PM
yeah. and the asset issuer could have a chain preference
TronLast Friday at 4:22 PM
@Sevvy (y rvn pmp?) Sure. Although, I'd expect that the asset issuers will be honor the assets on the dominant chain. Bigger concern is the branding confusion of multiple forks. See Bitcoin, Bitcoin Cash, Bitcoin SV for an example. We know they're different, but do non-crypto folks?
Hans_SchmidtLast Friday at 4:22 PM
I thought that the take-away from the recently published analyses and discussions was that ASICs for RVN may be active, but if so then they are being not much more effective than GPUs.
Sevvy (y rvn pmp?)Last Friday at 4:22 PM
agreed on all accounts there tron
TronLast Friday at 4:23 PM
I'm not yet convinced ASICs are on the network.
KAwARLast Friday at 4:23 PM
It would be better to damage an asic builder by forking after they made major expenses. Creating for them the type of deficit that could be negated by just buying instead of mining. Asic existence should be 100 percent confirmed before fork.
liqdmetalLast Friday at 4:23 PM
170million dollar question is right.lol
TronLast Friday at 4:24 PM
I've had someone offer to connect me to the folks at Fusion Silicon.
Sevvy (y rvn pmp?)Last Friday at 4:25 PM
yes. and if they are active on the network they are not particularly good ASICs
which makes it a moot point probably
TronLast Friday at 4:26 PM
The difficult part of this problem is that by the time everyone agrees that ASICs are problematic on the network, then voting the option in is likely no longer an option.
Sevvy (y rvn pmp?)Last Friday at 4:26 PM
yes. part of me wonders if we would say "okay, the clock on the asic countdown is reset by this new algo. but now the race is on"
[Dev-Happy] BlondfrogsLast Friday at 4:26 PM
There are always risks when making a change that will fork the network. We want wait to long though, as tron said. It wont be a voting change. it will be a mandatory change at a block number.
Sevvy (y rvn pmp?)Last Friday at 4:26 PM
acknowledge the inevitable
MiloLast Friday at 4:27 PM
I had just a small question from my side. When do you think the android version would be published, and do you maybe have a time-frame for the others?
TronLast Friday at 4:27 PM
Quick poll. How would everyone here feel about a BIP9 option - separate from the new features that can be voted in?
KAwARLast Friday at 4:27 PM
Maybe voting should not be a strictly blockchain vote. A republic and a democratic voice?
[Dev-Happy] BlondfrogsLast Friday at 4:27 PM
@Milo We can try and get a beta out next week, and publish soon after that.
MiloLast Friday at 4:28 PM
@[Dev-Happy] Blondfrogs :thumbsup::slight_smile:
[Dev-Happy] BlondfrogsLast Friday at 4:28 PM
BIP9 preemptive vote. I like it.
TronLast Friday at 4:30 PM
The advantage to a BIP9 vote is that it puts the miners and mining pools at a clear majority before activation.
LSJI07 - MBITLast Friday at 4:30 PM
Centralisation is inevitable unless we decide to resist it. ASIC's are market based and know the risks and rewards possible. A key step in resisting is sending a message. An algo change to increase asic resistance is imho a strong message. A BIP9 vote now would also be an indicator of bad actors early....
TronLast Friday at 4:30 PM
The disadvantage is that it may not pass if the will isn't there.
LSJI07 - MBITLast Friday at 4:30 PM
Before assets are on main net and cause additional issues.
KAwARLast Friday at 4:31 PM
I am not schooled in coding to have an educated voice. I only understand social problems and how it affects the economy.
SpyderDevLast Friday at 4:31 PM
All are equal on RVN
TronLast Friday at 4:31 PM
It is primarily a social problem. The tech change is less risky and is easier than the social.
LSJI07 - MBITLast Friday at 4:32 PM
All can have a share....people who want more of a share however pay for the privilege and associated risks.
KAwARLast Friday at 4:33 PM
Assets and exchange listings need to be consistent and secure.
brutoidLast Friday at 4:36 PM
I'm still not entirely clear on what the overall goal to the algo change is? Is it just to brick the supposed ASICs (unknown 45%) which could still be FPGAs as seen from the recent block analysis posted in the nest. Is the goal to never let ASICs on? Is it to brick FPGAs ultimately. Are we making Raven strictly GPU only? I'm still unclear
LSJI07 - MBITLast Friday at 4:37 PM
What about the future issue of ASICs returning after a BIP9 fork "soon"? Are all following the WP as a community? i.e asic resistant or are we prepared to change that to asic resistant for early coin emission. Ideally we should plan for the future. Could the community make a statement that no future algo changes will be required to incentivise future public asic manufacturers?
Lol. Same question @brutoid
brutoidLast Friday at 4:37 PM
Haha it is
You mind-beamed me!
[Dev-Happy] BlondfrogsLast Friday at 4:38 PM
The is up to the community.
Currently, the feel seems like the community is anti asic forever.
The main issue is getting people to upgrade.
KAwARLast Friday at 4:38 PM
Clarity is important. Otherwise we are attacking windmills like Don Quixote.
brutoidLast Friday at 4:39 PM
I'm not getting the feeling of community ASIC hate if the last few weeks of discussion are anything to go by?
Hans_SchmidtLast Friday at 4:39 PM
A unilateral non-BIP9 change at a chosen block height is a serious thing, but anti-ASIC has been part of the RVN philosophy since the whitepaper and is therefore appropriate for that purpose.
[Dev-Happy] BlondfrogsLast Friday at 4:39 PM
We can use the latest release as an example. It was a non forking release, announced for 2 weeks. and only ~30% of the network has upgraded.
TronLast Friday at 4:39 PM
@Hans_Schmidt Well said.
liqdmetalLast Friday at 4:40 PM
I'm not concerned about a "asic hardware problem" so much as I believe it more likely what we are seeing is several big fish miners (perhaps a single really big fish). For now I recommend standing pat on x16r. In the future I can see an algo upgrade fork to keep the algo up to date. If we start fighting against dedicated x16r hashing machines designed and built to secure our network we are more likely to go down in flames. The custom SHA256 computers that make the bitcoin the most secure network in existence are a big part of that security. If some party has made an asic that performs up to par or better than FPGA or GPU on x16r, that is a positive for this network, a step towards SHA256 security levels. It is too bad the community is in the dark regarding their developments. Therefore I think the community has to clarify its stance towards algorithm changes. I prefer a policy that will encourage the development of mining software, bitstreams and hardware by as many parties as possible. The imminent threat of ALGO fork screws the incentive up for developers.
JerozLast Friday at 4:40 PM
@brutoid the vocal ones are lenient towards asics, but the outcome of the 600+ votes seemed pretty clear.
brutoidLast Friday at 4:40 PM
This is my confusion
TronLast Friday at 4:41 PM
More hashes are only better if the cost goes up proportionally. Machines that do more hashes for less $ doesn't secure the network more, and trends towards centralization.
JerozLast Friday at 4:41 PM
I would argue for polling ever so often as it certainly will evolve dynamically with the state of crypto over time.
TronLast Friday at 4:41 PM
Measure security in two dimensions. Distribution, and $/hash.
liqdmetalLast Friday at 4:41 PM
and volume of hash
traysiLast Friday at 4:42 PM
45% of the hashrate going to one party is unhealthy, and standing pat on x16r just keeps that 45% where it is.
TronLast Friday at 4:42 PM
Volume doesn't matter if the cost goes down. For example, lets say software shows up that does 1000x better than the software from yesterday, and everyone moves to it. That does not add security. Even if the "difficulty" and embedded hashes took 1000x more attempts to find.
brutoidLast Friday at 4:42 PM
My issue is defintely centralization of hash and not so much what machine is doing it. I mine with both GPU and FPGA. Of course, the FPGAs are not on raven
TJayLast Friday at 4:44 PM
easy solution is just to replace a few of 16 current hash functions, without messing with x21r or whatever new shit
TronLast Friday at 4:44 PM
How do folks here feel about allowing CPUs back in the game?
traysiLast Friday at 4:44 PM
Botnets is my concern with CPUs
brutoidLast Friday at 4:44 PM
Botnets is my concern
SpyderDevLast Friday at 4:44 PM
Yes please.
LSJI07 - MBITLast Friday at 4:44 PM
the poll votes seem not very security conscious. More of day miners chasing profits. I love them bless! Imho the future is bright for raven, however these issues if not sorted out now will bite hard long term when asset are on the chain and gpu miners are long gone.....
ZaabLast Friday at 4:45 PM
How has the testing of restricted assets been on the test net?
liqdmetalLast Friday at 4:45 PM
Agreed. I dont think x16r is obsolete like that yet however
[Dev-Happy] BlondfrogsLast Friday at 4:45 PM
@Zaab not enough testing at the moment.
HedgerLast Friday at 4:45 PM
Yes, how is the Testing going?
justinjjaLast Friday at 4:45 PM
Like randomX or how are cpus going to be back in the game?
TronLast Friday at 4:45 PM
@Zaab Just getting started at testing at the surface level (RPC calls), and fixing as we go.
ZaabLast Friday at 4:45 PM
And or any updates on the review of dividend code created by the community
Lokar -=Kai=-Last Friday at 4:45 PM
if the amount of hash the unknown pool has is fixed as standarderror indicated then waiting for the community of FPGAers to get onto raven might be advantageous if the fork doesn't hurt FPGAs.
ZaabLast Friday at 4:45 PM
Can't rememeber who was on it
SpyderDevLast Friday at 4:45 PM
@Zaab But we are working on it...
Lokar -=Kai=-Last Friday at 4:46 PM
more hash for votes
JerozLast Friday at 4:46 PM
@Maldon is, @Zaab
TronLast Friday at 4:46 PM
@Zaab There are unit tests and functional tests already, but we'd like more.
[Dev-Happy] BlondfrogsLast Friday at 4:46 PM
@Zaab Dividend code is currently adding test cases for better security. Should have more update on that next meeting
KAwARLast Friday at 4:46 PM
Absolute democracy seems to resemble anarchy or at least civil war. In EVE online they have a type of community voice that get voted in by the community.
ZaabLast Friday at 4:46 PM
No worries was just curious if it was going as planned or significant issues were being found
Obviously some hiccups are expected
More testing is always better!
TronLast Friday at 4:47 PM
Who in here is up for a good civil war? :wink:
ZaabLast Friday at 4:47 PM
Tron v Bruce. Celebrity fight night with proceeds to go to the RVN dev fund
SpyderDevLast Friday at 4:48 PM
Cagefight or mudpit?
JerozLast Friday at 4:48 PM
talking about dev funds..... :wink:
Pho3nix Monk3yLast Friday at 4:49 PM
and there goes the conversation....
KAwARLast Friday at 4:49 PM
I am trying to be serious...
ZaabLast Friday at 4:49 PM
Sorry back to the ascii topic!
traysiLast Friday at 4:49 PM
@Tron What do we need in order to make progress toward a decision on the algo? Is there a plan or a roadmap of sorts to get us some certainty about what we're going to do?
LSJI07 - MBITLast Friday at 4:50 PM
Could we have 3 no BIP9 votes? No1 Friendly to asics, retain status quo. No2 change to x17r minimal changes etc, with no additional future PoW/algo upgrades. No3. Full Asic resistance x22r and see what happens...
:thonk~1:
Sounds messy....
TronLast Friday at 4:51 PM
Right now we're in research mode. We're building CNv4 so we can run some metrics. If that goes well, we can put together x22rc and see how it performs. It will likely gore everyone's ox. CPUs can play, GPUs work, but aren't dominant. ASICs VERY difficult, and FPGAs will have a tough time.
ZaabLast Friday at 4:51 PM
Yeah i feel like the results would be unreliable
TronLast Friday at 4:51 PM
Is this good, or do we lose everyone's vote?
PlayHardLast Friday at 4:52 PM
Fpga will be dead
Lokar -=Kai=-Last Friday at 4:52 PM
why isn;t a simple XOR or something on the table?
ZaabLast Friday at 4:52 PM
The multiple bip9 that is
Lokar -=Kai=-Last Friday at 4:52 PM
something asic breaking but doesn't greatly complicate ongoing efforts for FPGA being my point.
justinjjaLast Friday at 4:52 PM
How are you going to vote for x22rc?
Because if by hashrate that wouldn't pass.
traysiLast Friday at 4:52 PM
Personally I like the idea of x22rc but I'd want to investigate the botnet threat if CPUs are allowed back in.
TronLast Friday at 4:52 PM
XOR is on the table, and was listed in my Medium post. But, the social risk of chain split remains, for very little gain.
traysiLast Friday at 4:53 PM
@Lokar -=Kai=- A small change means that whoever has 45% can probably quickly adapt.
LSJI07 - MBITLast Friday at 4:53 PM
Research sounds good. x22rc could be reduce to x22r for simplicity...
TronLast Friday at 4:53 PM
x22r is a viable option. No CNv4.
LSJI07 - MBITLast Friday at 4:53 PM
Don't know how much time we have to play with though...
Lokar -=Kai=-Last Friday at 4:53 PM
if they have FPGAs yes if they have ASIC then not so much, but I guess that gets to the point, what exactly are we trying to remove from the network?
PlayHardLast Friday at 4:54 PM
Guys my name is Arsen and we designed x16r fpga on bcus. Just about to release it to the public. I am buzzdaves partner.
Cryptonight
Will kill us
But agreed
Asic is possible on x16r
And you dont need 256 core
Cores
traysiLast Friday at 4:55 PM
Hi Arsen. Are you saying CN will kill "us" meaning RVN, or meaning FPGA?
JerozLast Friday at 4:55 PM
This is what im afraid of ^ an algo change killing FPGA as I have the feeling there is a big fpga community working on this
PlayHardLast Friday at 4:55 PM
Fpgas ))
whitefire990Last Friday at 4:55 PM
I am also about to release X16R for CVP13 + BCU1525 FPGA's. I'm open to algo changes but I really don't believe in CPU mining because of botnets. Any CNv4 shifts 100% to CPU mining, even if it is only 1 of the 22 functions.
Lokar -=Kai=-Last Friday at 4:55 PM
namely FPGAs that aren;t memory equipped
like fast mem
not ddr
PlayHardLast Friday at 4:55 PM
Hbm non hbm
Cryptonight
whitefire990Last Friday at 4:56 PM
Right now with both Buzzdave/Altered Silicon and myself (Zetheron) about to release X16R for FPGA's, then the 45% miner's share will decrease to 39% or less.
PlayHardLast Friday at 4:56 PM
Will be dead for fpga
LSJI07 - MBITLast Friday at 4:56 PM
sound so x22r is fpga "friendly" ... more so than asic anyway...
PlayHardLast Friday at 4:56 PM
But a change must be planned
X16r is no way possible to avoid asics
TJayLast Friday at 4:56 PM
@LSJI07 - MBIT I would say less friendly...
whitefire990Last Friday at 4:57 PM
As I mentioned in thenest discussion, asic resistance increases with the square of the number of functions, so X21R is more asic resistant than X16R, but both are pretty resistant
PlayHardLast Friday at 4:58 PM
Yeah more algos make it heavier on ASIC
DirkDiggler (Citadel Architect)Last Friday at 4:58 PM
My interpretation of the whitepaper was that we used x16r as it was brand new (thus ASIC resistant), and that was to ensure a fair launch... We've launched... I don't like the idea of constantly forking to avoid the inevitable ASICs.
x16r was a great "experiment" before we had any exchange listings... that ship has sailed though... not sure about all these x22rs lmnop changes
KAwARLast Friday at 5:00 PM
I believe that it is easier to change the direction of a bicycle than an oil tanker. We feel more like a train. We should lay out new tracks and test on them and find benefits that are acceptable to everyone except train robbers. Then open the new train station with no contentious feelings except a silently disgruntled minority group. ???
Hans_SchmidtLast Friday at 5:01 PM
The most productive action the community can do now re ASICs is to voice support for the devs to make a non-BIP9 change at a chosen block height if/when the need is clear. That removes the pressure to act rashly to avoid voting problems.
LSJI07 - MBITLast Friday at 5:01 PM
Thats why im proposing to fork at least once to a more asic resistant algo (but FPGA "friendly/possible"), with the proviso ideally that no more PoW algo forks are require to provide future ASICs some opportunity to innovate with silicon and efficiency.
TJayLast Friday at 5:01 PM
folks should take into account, that high end FPGAs like BCU1525 on x16r can't beat even previous gen GPUs (Pascal) in terms of hash cost. so they aren't a threat to miners community
PlayHardLast Friday at 5:02 PM
A proper change
Requires proper research
eyz (Silence)Last Friday at 5:02 PM
Just so I'm clear here, we are trying to boot ASICS, don't want CPUs because of Botnets, and are GPU and FPGA friendly right?
PlayHardLast Friday at 5:02 PM
It is not a quick one day process
eyz (Silence)Last Friday at 5:02 PM
If there is a bip9 vote there needs to be a clear explanation as I feel most in the community don't understand exactly what we are trying to fix
TronLast Friday at 5:03 PM
@Hans_Schmidt I like that route. It has some game theoretics. It gives time for miners to adapt. It is only used if needed. It reduces the likelihood of ASICs dominating the network, or even being built.
[Dev-Happy] BlondfrogsLast Friday at 5:03 PM
Hey guys. great convo. We are of course looking to do the best thing for the community and miner. We are going to be signing off here though.
justinjjaLast Friday at 5:03 PM
TJay that comes down to power cost.
If your paying 4c/kw gpus all the way.
But if your a home miner in europe an fpga is your only chance
LSJI07 - MBITLast Friday at 5:03 PM
@Hans_Schmidt How do we decide the block limit and when sufficient evidence is available? I would say we have had much compelling information to date...
[Dev-Happy] BlondfrogsLast Friday at 5:03 PM
Thanks for participating. and keep up the good work :smiley:
Have a good weekend.
CAWWWW
TronLast Friday at 5:03 PM
I haven't seen any compelling evidence of ASICs - yet.
Pho3nix Monk3yLast Friday at 5:03 PM
:v:
JerozLast Friday at 5:04 PM
I suggest to continue discussion in #development and #thenest :smiley:
thanks all!
TronLast Friday at 5:04 PM
Cheers everyone!
KAwARLast Friday at 5:04 PM
Agree with Hans.
DirkDiggler (Citadel Architect)Last Friday at 5:04 PM
thanks Tron
Pho3nix Monk3yLast Friday at 5:04 PM
Ending here. continue in Nest if wanted
DirkDiggler (Citadel Architect)Last Friday at 5:04 PM
I am waiting for compelling evidence myself.
submitted by mrderrik to Ravencoin [link] [comments]

[Part - 9] Large college ebooks/eTextbooks thread for cheap rates [$4 to $25]

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  119. Health Disparities in the United States, 2nd edition: Donald A. Barr
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  125. Dynamics: Analysis and Design of Systems in Motion, 2nd Edition: Benson H. Tongue
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  150. Personality Psychology, 1st Canadian Edition : Randy J. Larsen &, David M. Buss & David King & Carolyn Ensley
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  153. Lifespan Development, 6th Canadian Edition : Denise Boyd & Paul Johnson & Helen Bee
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  156. Invitation to Psychology, 7th Edition: Carole Wade & Carol Tavris & Samuel R. Sommers & Lisa M. Shin
  157. The Cell: A Molecular Approach, 8th Edition: Geoffrey Cooper
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A question to the NEM Dev’s The age of extinction. (Feel free to delete again Nem)

This will be a too long didn’t read for many but for the few enjoy.
I and my three friends were caught up in the age of extinction and were awarded 2 of 4 accounts when the NEM dev in charge couldn’t decide if we were 4 guys or 1 guy with sock puppets.
This was after providing all information and proof that was requested such as linked in accounts and Facebook accounts that were never verified (Ie never messaged) by the dev in addition to volunteering to provide any additional information that could prove definitively one way or the other that we were 4 guys. (an offer which was repeatedly ignored as can be seen in the below emails)
So the question, has the dev team ever considered actually bringing someone in to review the information in an unbiased manner to determine without a doubt that legitimate NEM supporters weren’t turfed? After all the accounts are all still sitting in the development fund so they are there, and the Nem tokens still do exist so they could be issued in order to ensure that the fair egalitarian thing is done.
In our case it came to a coin toss
Also my offer still stands we are willing to all prove that we are real live people who all went to university together who lived in residence ie the same home together and all went to Vegas together as well as any other evidence that you require to prove that you made a mistake.
Ps when are we getting the silver coins…. “original Nemians will get this”
For amusement sake I have included the bitcoin talk emails between my group patmast3r and makoto1337 so if you are all bored feel free to read and watch a little begging a little banter and what became a growing frustration. But if you do manage to read it all you will see that in the end offers of proof were ignored and that makoto1337 wasnt really sure. Oh and if a dev wants to actually read them in btt I would be happy to show them.
Now the facts:
Me and my friends provided all information that was requested of us. We provided linked in account and facebook accounts upon the dev teams request however no one was ever contacted ie messaged to verify if they were legitimate. We offered to provide any additional information that the dev team could think of to prove that we were legitimate. If we were sock puppets having survived the first few rounds of culling why didn’t we take the early tokens that were offered and run, why did we stick around for the additional rounds that the devs made clear were coming? Now to answer some questions that will be forth coming.
Why didn’t you guys bring this up before, we have tried however there has never really been a public forum in which I might get a legitimate answer and until recently did not use reddit as you can see from the age of my account. Why were all of your IP addresses different if you lived in the same place? The answer is that we all lived in the university residence (which we can prove) and we all ran vpn’s because we like a diverse range of Netflix. If you all had different IP’s how did they even associate your accounts and decide you were sock puppets, well we all went for a trip to Vegas to celebrate convocation from University and while we were there we checked on NEM (which we can prove there are picture) Why were your bitcoin talk accounts so new, back then who’s wernt? In order to participate in NEM you needed a BTT account so we signed up for them. Why were to login so far apart and at times one after the other, because I got the guys into NEM and was the driving force prodding them along. If you guys weren’t a sock puppet why didn’t you fight harder?? I did I asked the man in charge and he made his decision so what could I possibly do? Why did you guys take the two accounts in the end instead of holding out. Well when you get fleeced and you get the option of keeping half of your money or none of it you take half. You guys are just a couple of NEM losers looking to cash in now and probably have nothing to do with NEM anymore. Actually after we divided the accounts I was tasked not so long ago with cashing it out, I also still trade a little under half a million in NEM coins on a regular basis. Squibbels
The Age of Extinction Please Read « Sent to: makoto1337 on: March 13, 2015, 11:55:49 PM »
Hello Makoto
I will keep this short as I imagine you are a busy man these days. I am emailing on behalf of myself and three of my buddies J, J and G as we figured that it was best to just send one message and let you decide on a course of action rather than to send four separate messages saying more or less the same thing, however if you would like we can each send you one.
The situation is this, our four accounts have been flagged as sock puppets I am guessing because we are roommates and have moved all accounts to one machine, we didnt realize that this would cause an issue. So my question is what can we do and what do you need from us to prove that without a doubt that these account belong to four separate individuals. If you need we can even send a scanned copy of our driver’s licenses to prove that these belong to four separate individuals.
I convinced my three friends to join Nem because it looked like it could be a fun coin and I came across it when I was getting into mining and attempting to figure out config files for cards.
Anyways I have helped them along the way with figuring out bitcoin clients and the Nem client and purchasing their stakes and so on. One guy knows what he is doing more or less when it comes to this type of thing and the other two don’t really know that much. Basically we are their IT support in most things computer related.....
Initially they were eager to learn however they did not expect the launch to take as long as it has even though I warned them beforehand that it may take a long time and that it might not even launch at all. As a result they have mostly lost interest until the launch and have left account maintenance to me and spend most of their Nem time making fun of me because I convinced them to actually spend money on their stakes where as I got mine for free.
So the facts
We are talking about 4 accounts here not 40 or 50 or 200 like that crazy sock puppet person.
If these four accounts were sock puppets why would I not have simply loaded up on accounts during the free account registration period and avoided paying actual cash for them. I think my one buddy spent like $60 or a $100 buck the plus side to that is I got cash in hand for my bitcoin instead of paying an exchange/withdraw fee.
If these 4 accounts were sock puppets ie pump and dumpers we would have exchanged them for Nxt tokens and dumped them when each stake was worth $3600 but we didnt!
The reason our BTT accounts have been dead is because we for the most part only got them for Nem and are active on your FB page instead I under the Name of blank I am both positive and Negative in my posts as I find it gets the conversation going...... I am also the one that jokingly suggested a Nem Dev date auction.
We recently just threw all of the accounts on to one primary laptop to make life easier since the two guy lost interest in it until launch and G did not feel like deleting his Java again, deleting Nem client files again and then doing another fresh install every time a new beta was posted. We figured it was just easier to run one machines and keep it up to date then once everything launched if it launched we could go from there. We didn’t think that or at least I certainly did not think that since a person could now own/redeem multiple accounts from the exchange that centralizing all accounts would be an issue.
You can look at this two ways I suppose, the first would be that these account belong to four University buddies who hang out with one another a lot and live together or they are sock puppet accounts. Once again we are willing to do whatever is needed to prove that these accounts belong to four separate people some of us more eagerly than others.
So please let us know what we need to do the get this resolved, hope you have a great weekend and thank you for your time Makoto.
makoto1337 Legendary
I am not Dorian Nakamoto. « Sent to: Squibbels on: March 24, 2015, 07:45:35 AM »
Hi,
Sorry for the late reply. Things have been quite busy.
I have no problem with giving you 2 of the 4 stakes. Your story is quite long and I confirmed your facebook account. However, it seems a little strange that the 4 of you would all have different IPs when registering from the same computer in the same house.
Does that sound reasonable?
Squibbels « Sent to: makoto1337 on: March 25, 2015, 05:41:47 AM »
Hello Makoto1337
Thank you for the reply, I can only imagine how busy you guys are getting ready for launch and dealing with account issues such as these.
I can also appreciate how different IP's might look a little strange however the explanation is fairly simple as I mentioned to the mysterious Nem Face Book person. We run Hola in order to experience the joys of American, Canadian and United kingdom netfilx as well as other on-line content. That combined with the fact that we were worried that we would get into this situation where we looked like sock puppets we did our best to avoid that situation basically by changing our vpn.... apparently we failed and then once multiple accounts could be claimed we didn't or at least I didn't think there there would be an issue combining everything and waiting for launch. I imagine no matter how you look at it if you have 2, 3 ,4 or 5 people living in one place they are potentially going to come off as sock puppets. Two accounts are tempting however unless we share them amongst the four of us at least two guys are getting hung out to dry.
We are willing to do whatever you need us to do the prove that we are in fact four guys living at the same place. If you are worried about us being sock puppets and dumping on launch you could always give us some of the accounts back after the launch and in the mean time we could just split the two Nem accounts 4 ways until then. That way we can prove that we arnt just here to pump and dump and if we are sock puppets we wouldn't have any negative effect on the launch of Nem.
Does that sound reasonable or is there something else that we can do to actually get all four of our accounts back?
makoto1337 Legendary I am not Dorian Nakamoto.
Hi,
Sorry for the late reply. We are busy with launch, but will consider your case some more post-launch
Sorry for the inconvenience!
Squibbels
« Sent to: makoto1337 on: March 30, 2015, 12:54:04 AM » « Bcc: patmast3r »
Hello Makoto
G, J, J and myself were wondering if we could get an update on the status of our accounts. We realize that you and the Nem team are probably extremely busy with getting ready for the launch of new however since it has been 16 days since this process was started and our accounts were seized we would really like to get this sorted out.
As we have stated repeatedly we are willing do whatever is needed to prove that we are four roommates and that these accounts belong to four separate guys. Please get back to us as soon as possible since after waiting for a year and checking repeatedly we would really like to actually be part of Nem and the launch of Nem
Thank you for your time.
I am not Dorian Nakamoto. « Sent to: Squibbels on: March 31, 2015, 02:05:08 AM »
All the funds from the accounts marked as socks are being put into a multisig account and will be distributed from there based on the outcome of the appeal process.
Sorry for the inconvenience. Within 1-2 weeks, it should all be settled.
makoto1337 Legendary
Squibbels
Quick questions! Sorry « Sent to: makoto1337 on: March 31, 2015, 01:31:46 AM »
Hey Makoto
We were just wondering if you were still going to activate two of our accounts prior to launch and if so which of the two. We were just checking out the new client and kept getting a 121 error.
Sorry for bugging you it is just that we are really excited about the New Zealand launch on the first!!!!!
If you cant turn two of the accounts on prior to launch and prior to further looking into our account we understand
If you can please indicate which of our two accounts will come back on-line
Squibbels
« Sent to: makoto1337 on: March 31, 2015, 07:57:55 PM » « Bcc: patmast3r »
Hello Makoto
Sadly I doubt that you and the Nem team can fully appreciate the level of inconvenience and disappointment that this is really causing the people that you have labeled as sock puppet. We have waited for 13 months for this coin to launch with multiple maybe launches and have gotten excited each time only to be disappointed with a delay.
Now as Nem readies for launch or well actually has just launched after 13 months of waiting we are now being asked or rather being told to wait another 1 to 2 weeks until the Nem team sits down and decides how plausible each of our stories are and whether or not we will be granted the privilege of being allocated our Nem stakes.
Now I one hundred percent agree that this should have been and needed to be done however they way you guys executed it couldnt be more horrible one the Name ie age of extinction that was a big slap in the face for everyone that was nailed innocent or otherwise. 2. Anyone that was a true sock puppet most probably laundered there Btt account through via Nxt tokens the moment you offered them 3. The fact that you had plenty of time to do it pre launch assuring that everyone could be part of launch instead you guys pull this the month of launch and leave a bunch of Nemians holding the bag. Basically saying hey we dont really care about you guys thanks for investing and waiting but we dont really need you around for the launch and hey maybe we will get back to you later. You guys didnt say this however thats what you actions have said.
So congrats on burning a bunch of people really interested in Nem heck I cant even run as a Node because I am not part of the genesis and I sure as heck am not putting more money into a coin that just burnt me and my roommates at launch.
I am sure that you have heard this before however I felt that I should at least have the right to voice my opinion hey who know maybe you will give the four of us our accounts maybe you will decide hey that I/we have sent to many emails and pissed you guys off so we wont get anything.
Regardless of what you decide with mine and my roomates accounts if you truly value and actually care about your community and are as egalitarian as you say. I think the Nem team should consider including a short apology to each account that they deem valid as well as a small compensation of additional Nem for making them miss the Nem launch necessary or not. After all the first two weeks of a new launch are the most exciting and have a tone of potential to sell and buy with the fluctuating price. In my case I was hoping to sell high and buy low to increase my overall Nem holdings however I clearly cant do that now.
Anyways there is my rant Nem team I will endeavor to continue keeping my posts civil however I cant really speak for G, K, and J, after all they are their own people and I am surprised that they have even started complaining on your fb page.
Have a great launch as I am sure it will be fun
makoto1337 Legendary I am not Dorian Nakamoto.
« Sent to: Squibbels on: April 01, 2015, 04:48:49 AM »
Sorry for the inconvenience. We will get things sorted out fairly soon.
Squibbels
« Sent to: makoto1337 on: April 01, 2015, 06:09:12 AM » « Bcc: patmast3r »
That is beyond the point, today for example as I am sure you know Nem coin was trading for around $15,000 per stake only for about 20 minutes or so. Regardless I could have liquidated my share like many other did clear all of my debt and then bought back in for six shares at 2 bitcoin per share and hung out for the long term.
However due to the devs poor planing I and many other merely got to watch, and yes it was poor planning you guys could have done this early enough that it would have been resolved in time for launch.
Regardless that opportunity is well past and there will not be any big spikes with the chance to buy back in at a lower cost perhaps there will be a few minor ones if Nem hits other exchanges however they will be minimal. I imagine Nem will make it to .01 or .02 cents eventually in a year or so but hey after 13 months waiting for a final shafting without even the ability to be a node whats another 12 or 24 months.
Anyways my suggestion stands that the dev issue and appolagy and some form of compensation for whomever you deem worth of a Nem stake might make them a little less pissed about losing out on the same opportunity that was presented to the rest of the Nem community to you know make 15k and participate in launch.
Anyways I am clearly annoyed so before I say something inappropriate I will leave it here and maybe all get a reply saying hey where do we send your guys nem or hey you pissed us off and we had decided that you guys are sock puppets and no we wont bother taking you up on your offer to provide whatever we want as proof that you are four guys.
Just try looking at it from our point of view watching from the side lines.
Have a good one
Squibbels
makoto1337 Legendary
« Sent to: Squibbels on: April 01, 2015, 06:46:58 AM »
Sorry that you missed the chance to dump
Anyway, I looked at your data a little more and it is not so convincing that you are all real people.
Post counts ranged from 1-6, accounts were registered 8-10 days after NEM was started, and all 4 accounts did not log in for between 148 and 152 days on BTT. Bobthebuilder23 and Squibbels both were last active at the same time as of the analysis.
I'm not trying to be mean or anything. We will probably end up giving you 2 of the 4 accounts, but even then I am not sure because all the accounts could be controlled by another user. We will think about this some more, rather than just rejecting outright, though.
« Sent to: makoto1337 on: April 01, 2015, 07:18:40 AM »
There you go twisting my words Dump no, trade yes.
After all Nem coin is a currency if you dont use it what is the point of it. If you can trade it for say 20 bit coins and then re-buy it at 2 why wouldnt you heck if I had my account today and things went well I would have my node running be up $6,000 and would have 10 Nem accounts to hold long term instead of one. After all isnt that what the bulk of nemians were doing today or should they just sit back and look at all there pretty Nem?
What can I say I look at potential and profit and I trade real stock in my spare time, I dont have much yet but I have learned a few things such as there will probably be a spike as each exchange takes on Nem so there is an opportunity to sell high and buy low and the more it is traded the more it will be traded like any currency, commodity or company on txm is.
Secondly I told you I got my roomates on board they registered got there accounts and waited I am Squibbels the squirrel as it is my gaming name G is Bob the builder he was probably a little more active as he is a miner after a while account maintenance fell to one machine and mainly me, even now they are only making the few odd posts on FB because they realized how shafted they just got. I imagine if you look back as per analysis many nemians registered a btt account got a Nem stake and didnt look back except for notifications but hey if you can get them from the guy sitting next to you or via facebook where most people are pretty much permanently logged in why would you bother with btt.
As far as the you might be a sock puppet or you might be four guys the thing I find funny is that we have offered to provided you with whatever poof that four people can reasonable provide that they live together and yet you don't seem interested. Seems like a real thorough process. So flip a coin or let us prove that we are who we say we are if this is really a egalitarian process rather then just a couple of guys sitting in a room saying hmm he/she has a good story but that guy over there we arent so sure.
Anyways I have said what I have to say so there really isnt much more that I can do/say. So I guess all wait for one of three emails
B, G, J and K where can we send your Nem Guys please provide us with x info so we can get this sorted out. Great story guys but your out have a good one. Or some other variation .
Anyways regardless of how the devs could have handled this prior to launch good job on a successful coin launch and no crashes.
Have a good one.
makoto1337 Legendary
I am not Dorian Nakamoto.
« Sent to: Squibbels on: April 01, 2015, 07:35:13 AM »
I must give you credit for being persistent
Can you give me some linkedin/facebook pages, etc? Something to prove these are real people? So far I am just getting messages from you, so it would help make your case better with more evidence. Otherwise, people are allowed 2 accounts (1 for themselves, 1 for a loved one), so that is probably the decision that will be made.
Anyway, I was awake until 3 AM, so you probably don't want me to make a firm decision today
« Sent to: makoto1337 on: April 01, 2015, 03:19:09 PM » « Bcc: patmast3r » I find that you do not get anywhere unless you are willing to be persistent so all take that as a compliment.
Firstly I can assure you in regards to one account for you one for a loved one that I do not love any of these guys. Well maybe G face.
To prove that other three guys are real people here are copy/pasted links to there fb accounts.
https://www.facebook. https://www.facebook. https://www.facebook.
If you need anything else feel free to let me know or message one of those guys.
Have a good day.
makoto1337 Legendary
« Sent to: Squibbels on: April 01, 2015, 03:28:13 PM »
Thanks for the quick reply.
Which FB profile is with which BTT acct?
Squibbels « Sent to: makoto1337 on: April 01, 2015, 07:11:41 PM » Bit coin talk accounts are Me Squibbels
and If I recall correctly bitcoin talk accounts for the other three are as follows
Bobthebuilder23 https://www.facebook.com/ DoctorNem https://www.facebook.com/ FredandBob https://www.facebook.com/
Thanks for the quick reply.
makoto1337 Legendary
« Sent to: Squibbels on: April 09, 2015, 07:02:23 AM » Quote Reply Delete The earliest that stakes will be sent out is on the 19th. You'll be in the first batch if we decide in your favor
« Sent to: makoto1337 on: April 09, 2015, 05:24:08 AM » Reply with quoteQuote ReplyReply Remove this messageDelete
Hello Makoto1337
I have been busy getting ready for my finals so haven't checked in here much lately. We were just wondering if there has been any update in regards to ourselves and Nem as I believe the first mentioned redemption for claims is coming up on the tenth here.
Have a good evening.
Squibbels
makoto1337 Legendary I am not Dorian Nakamoto.
« Sent to: Squibbels on: April 10, 2015, 08:44:19 AM »
Hi,
Sorry for the late reply.
We will give back 2 of the 4 accounts. Which 2 would you like to have?
« Sent to: makoto1337 on: April 11, 2015, 08:24:53 PM » « Bcc: patmast3r »
.... Very well, if that is what you guys have decided you might as well split the nem or xem equally amongst our four accounts. I have listed our account wallet names and addresses below. Feel free to let me know if you need anything further ie there is an issue with the addresses.
makoto1337 Legendary Thank you for your reply. We will give back stakes to Squibbels and Bobthebuilder23. Feel free to further share them with others in the future. They will be sent out next week
submitted by Sha_Bi to nem [link] [comments]

AMA Recap: DBCrypto and 8BTC

AMA Recap: DBCrypto and 8BTC
AMA Recap: DBCrypto and 8BTC
by bloXroute Team (Original post here)
https://preview.redd.it/wofpz6u4s4m21.png?width=1200&format=png&auto=webp&s=130a488552c9485affdc14a08f8f8a49c6b48cb8
This past month the bloXroute team participated in 2 AMA’s. Our Co-Founder Professor Emin Gün Sirer synced up with our Chinese-speaking community on the 8BTC Forum, and our Co-Founder and Chief Architect Professor Aleksandar Kuzmanovic, Strategy & Operations Manager Eleni Steinman, and Marketing Associate Brooke Walter connected with blockchain enthusiasts on the DBCrypto Telegram group.
There were many great questions asked so we wanted to share our answers with the rest of our community on Medium. For some of the questions, we expanded upon our answers and edited for clarity and brevity.
The questions are organized into four sections: Tech, BLXR, General, and the Blockchain Ecosystem.

Tech

Can someone explain the “magic gateways” a little more? Is this patented and closed source tech?
  • “Magic gateway” is a small piece of code that sits on a machine running a blockchain node with one side speaking the blockchain “language” with the node, and on the other side speaking bloXroute “language” with our Relays. It also shrinks blocks from the nodes to the Relays, propagates transactions etc. Yes this has been patented for a simple reason — the work was initially done at a University, hence we had to license (our own work) from the University. That’s how it works. While we patented the system, we are going to open source the Gateways.
When will the source code be released?
  • The source code for the Gateway software will become available from Day 1, i.e., as soon as we start testing with miners. The source code for the rest of the system, i.e., Relays, will become available soon after.
From reading the whitepaper it seems as though on-boarding bloXroute can take a bottom up approach. I.e. it sounds like crypto miners can start using the bloXroute network right away, without needing to integrate software into the bloXroute servers or get any approval from the developers of the crypto project? Is this right?
  • That’s right! Any miner can start using bloXroute on its own without any approval. We will provide open source code that miners download, we call magic gateways, that is run on the same machine they mine on. Miners send blocks to the gateway like they would any other peer node. And that’s it. Since bloXroute BN lets you hear about and send blocks faster, miners who use it are obviously at an advantage.
Will the blockchain be able to test bloXroute’s net neutrality? If yes, how? Will bloXroute’s net neutrality testing ability be on the developer or miner level?
  • Certainly! Net neutrality is at the heart of bloXroute, and something I am personally passionate about. Net neutrality mechanisms (please see the WP for details) will be enabled from day one. Everyone, including miners and developers, will be able to test, in real time, bloXroute’s network and its behavior.
How can bloXroute be decentralized and trustless? Does it rely on servers? If we can’t find a better way to solve block propagation problems other than bloXroute, then obviously nodes (especially mining nodes)have to completely rely on bloXroute. If bloXroute has any problems, the whole network will be at risk.
  • Excellent question that gets to the heart of bloXroute’s core contribution. bloXroute is a unique solution that is *centralized yet trustless*. It consists of a network of servers operated very efficiently by a centralized entity — this is how it achieves its high performance. At the same time, the technology is constructed such that these servers *cannot* misbehave. They cannot discriminate on the basis of transaction content, and they cannot selectively censor. So, the overall network is efficient because it’s centralized, like Akamai’s content distribution network, and it’s also trustless, like Bitcoin’s underlying network. Also, by open-sourcing our entire codebase (once the system reaches some maturity) we enable everyone to run a backup network to take over in case bloXroute is shut down by any means, preventing it from becoming a single-point-of-failure.
Also, I remember that ‘bloXroute will keep neutrality by encrypting blocks’, but what if somebody uses bloXroute to send spam? Will it be a problem?
  • Indeed, we have implemented various measures to handle the spam issue. In particular, the bloXroute network keeps and propagates provenance information, allowing the system to limit the traffic a node sends based on their usage of the system. Keep in mind that all large networks, whether it’s Google’s, Facebook’s or Akamai’s, are under constant spam attacks. We use well-established techniques from that domain to ensure that spammers can be efficiently identified and limited.
What is a sufficient number of servers?
  • Our V1 is going to have around 15 servers on 5 continents, roughly. Blockchain traffic currently isn’t particularly large. We hope to change that!
Is it advantageous for miners to be in relative close proximity to a BloXroute server?
  • Yes. But the difference is very small. A really dramatic difference will be between bloXroute-enabled vs. non-bloXroute enabled miners.
Could you elaborate on the servers a bit more? I heard Uri talking about utilizing trusted organisations to do this. I know my concern is that this may create some level of centralised power.
  • We are fully aware of this concern. This is why we are making sure to utilize a large number of independent providers. This is creating a lot of operational issues on our end (because different providers use different software environments) but this is a top priority for us.
How quickly will idle backup networks be operational/online in the case of a main bloxroute network fatal failure? Does this backup network set-up require some work/adjustments on the client/nodes side?
  • The backup will be automatic, such that the effects of a possible failure on the mainnet is minimized. Given that the process will be automatic, no adjustments will be needed on the client side.
Have you established an “ideal” number of independent providers to reduce such concerns? Or is this something still being established?
  • There’s no magic number, the more the better!
I assume having servers in different geographical regions is important. The EU for example could outlaw BloXroute servers. I assume it would be way too expensive for a regular person to setup a BloXroute server?
  • I am hopeful the EU would not do that! :) But the point is that even in absence of servers in a particular region, things can still work pretty well for users in that region.
If that was the case, will they be disadvantaged as the message will need to be relayed further?
  • Necessarily so. But the system would still be operational, and would be able to operate at a fairly high TPS rate.
From both a tech and adoption level, what are some of the biggest difficulties bloXroute faces?
  • Technical difficulties are present on a daily basis, but we are coping with them. As a technical person, I simply know we will resolve them all. I am also convinced that a number of blockchain communities will adopt our system. But if you ask what a bigger challenge is, I think adoption.

BLXR

Does bloXroute have native tokens? If yes, when will the tokens be released? Is it an ERC20 token? Will it be listed on exchanges? What can the tokens do on your network?
  • Yes, bloXroute will have BLXR tokens, which will be listed on exchanges. The BLXR tokens are security tokens that entitle the holder to a share of the revenues of the company. Of every future dollar that bloXroute makes, a proportion goes into a pot, and this pot is divided among the BLXR holders. Think of it as instant, auditable dividends in perpetuity. And BLXR tokens thus act like a fund, where the fund’s contents change over time to track whichever coins are using bloXroute more. If BCH miners use bloXroute, BLXR will have more BCH in it; if ETH adopts bloXroute, then it’ll swing towards ETH, etc. So the tokens can serve as a blanket bet on adoption and use of cryptocurrencies, kind of like how Akamai was a play on Internet content being in demand. I will leave it up to the company to announce its projected dates. I’m focusing mainly on the technology behind the scenes.
Is it correct that you plan to go down the STO path or simply the security token path and the BLXR will be a security token?
  • Yes, BLXR is a security token. The good thing is that we’re clear about this from the very beginning. Hence we were able to cope with regulations on time.
When do you plan to do the STO?
  • Our team of lawyers is working very closely with the SEC to take all of the required steps to ensure everything we do is in compliance with regulations. We hope to have all necessary approvals for an STO in Q3 / Q4 2019.
That’s really great that you’ve been working with the SEC. Does that mean you plan to sell the BLXR token to American citizens?
  • We hope that to do as wide of a sale as possible, so not just Americans.
How does this work? What jurisdiction have you chosen to setup this token etc? Or is this all still being figured out?
  • It has to do with the regulation you file under. Some regulations require that you only raise from accredited investors and others let you raise from anyone.
Will accredited investors only be able to participate in the the BLXR token sale or is there a plan to try an include non-accredited investors as well?
  • The plan is to make it as wide of a sale as regulation allows. We (our lawyers) are working hard so it’s not just accredited investors.
You have recently changed your BLXR security token from 50% revenue reserve model to 100% revenue direct dividend model. How direct will it be? In what time frame or frequency will BLXR token holders will receive their pro rata share of collected revenues to their wallets?
  • 100% of the fees associated with the cryptocurrencies using bloXroute’s BDN become immediately available for withdrawal by BLXR token holders. Right now the plan is for a calculation to run once every 24-hours to update what we call an “Owner balance” — this is how much crypto is available for withdrawal for a given BLXR holder based on their pro-rata share. To withdraw one’s dividends, a BLXR holder must provide a wallet address in the same currency as the crypto they wish to withdraw. The owner balance will then instantly update to reflect this outflow.
How will bloXroute operations be covered in this new direct dividend model?
  • In the new model 100% of the revenues will go to token holders. bloXroute, as a token holder, can use the revenues it receives for its ownership portion to fund operations.
With BLXR being an ERC-20 token, does Bloxroute plan to set up the benefits of the token (accumulation of relative % of fees for projects using the network) so that it can be accumulated by the owner whilst also possibly locking BLXR in a MarkerDao CDP?
  • Dividends will accumulate in a reserve account and be available for withdraw. Our current plan is for Owner Balances to be updated every 24 hours. BLXR holders can transfer their dividends to their wallets and use them as they wish. :)

General

I understand that one of the benefits of bloxroute for the ecosystem is users will have a much lower fee to pay for their transactions. Will users be able to get this much-lower-fee benefit from bloxroute only through wallet(s) they use by choosing to pay a *tiny* fee to bloxroute instead of a *large* fee to miners or can they also get that benefit in some other way?
  • To start, users can use bloXroute immediately as the first 100 TPS are always free. Only after 100 TPS can a user choose to pay bloXroute a tiny fee to reduce her overall fee (albeit a user would only choose to pay bloXroute if this is true). All users benefit from bloXroute on day one as the first 100 TPS are always free. Users do not have to use wallets that partner with bloXroute to take advantage of the fee reduction service, but it’ll certainly be the most streamlined method. Any user that knows bloXroute’s public address can include in their transaction an additional output that pays bloXroute’s public address to reduce her overall fee.
Typically, how many X tps improvement should we see for the various major blockchains that bloXroute will target?
  • We are targeting approximately 3,000 TPS for Bitcoin and Ethereum.
In terms of technology, what is bloXroute’s core competitiveness? How many people are on your team?
  • Our core competencies are as follows: (1) we have some of the world’s foremost experts on blockchain and network scaling, (2) we have innovated across all aspects of the emerging blockchain stack in the past and bring that experience to bear on the chain scaling problem, and (3) we are the first group to identify Layer-0 as a scalability bottleneck, the first to apply network neutrality techniques to blockchains, and thus the group with the most extensive track record on how to build efficient and trustless systems. The team is just over 20 employees, it is hard to keep track now because, in addition to our headquarters in Chicago, we also have a satellite office in Tel Aviv, Israel and two need employees start this week. We are currently building our platform. Though the core of the platform has been in operation for 2.5 years already on the BTC and BCH networks, we are extending it to other systems, e.g. ETH, and adding new features.
How does bloXroute’s solution work on different blockchain networks?
  • bloXroute’s solution has been operating continuously for the last 2.5 years. In that time frame, it has been deployed on Bitcoin (BTC) and Bitcoin Cash (BCH). It has ferried every transaction and every block found in that time frame. To this, we recently added the ability to support Ethereum. And we recently announced a partnership with a large miner. In all of these cases, bloXroute provides an additional fast-path to existing coins for the delivery of financial data, just like Akamai added a fast path for the delivery of regular content on the Internet. It’s optional, opt-in, and completely voluntary. It’s just a faster way to deliver blocks and transactions. In return for ferrying this financial data, bloXroute collects transaction fees, and BLXR tokens receive these collected feeds.
With bloXroute already forming a partnerships with mining companies, do you plan to establish more relationships with similar organisations? If so, given the obvious concerns about the environmental impact of traditional mining, does bloXroute aim to establish/support relationships with mining companies who utilise renewable and sustainable energy?
  • We hope to establish relationships with all miners :) In regards to environmental concerns, our BDN actually helps miners more efficiently utilize their power consumption. Since miners hear about blocks sooner, they can immediately start mining the next block, and thus more efficiently utilizing their resources.
When will you start v1 testing with miners?
  • Early to mid March.
Will the v1 testing be predefined (for preselected miners/mining pools) or it will be possible to join the testing on the go? How can a miner apply for the testing?
  • Yes, the V1 testing will happen with a predefined group of miners. If you’d like to join, please send me an email ([[email protected]](mailto:[email protected])) and I’ll follow up.
Will the v1 testing be with one or with multiple blockchains? Will there be BTC and/or ETH miners in the v1 test pool?
  • It will be with multiple blockchains and yes, we connect with both BTC and ETH (and BCH) miners in V1.
Will bloXroute produce better results (TPS) for PoW or for PoS consensus protocols?
  • We are currently working with PoW and we are seeing some great results (still can’t share publicly). We should definitely see a comparable performance with PoS, but we currently have no empirical data.
Are there any difficulties you faced trying to convince major blockchains like btc, eth etc to increase block size?
  • We view ourselves as providers of networking that removes the scalability bottleneck. It is up to each community to take advantage of that efficiency how they see fit. That said, we already know some communities want scale. For example BCH has 32 MB blocks because after 32MB the thing breaks (i.e. they hit the scalability bottleneck). With bloXroute, I’d expect them to increase their blocksize.
Which pipelines of blockchains likely to come on board 1st on bloXroute in 2019?
  • In V1 we will provide support for BTC, ETH, and BCH. We are talking to many other blockchain communities, and will provide an open API allowing any blockchain to use bloXroute.
If 10% of the blockchain miners/pool have 10% of the hash power (which results in approximately a 10% probability of mining a block) and they start using bloxroute while the other 90% of miners/hash power do not use bloxroute yet (gradual deployment), how does the usage of bloxroute benefit the 10% of miners vs. the other 90%?
  • Good question. The benefits for early-adopting miners start to kick in immediately. In your example, the probability of the 10% of miners that use bloXroute increases above 10% the probability to win a mining round. This is because they “waste” (much) less time on mining blocks that will not eventually get “on chain”.
Does the TPS order of improvement through bloxroute depend on the network size and distribution of nodes (decentralization level) of particular blockchain?
  • It necessarily does. The larger and more decentralized a network is, the TPS rate decreases. The big difference is that without bloXroute, the TPS decreases exponentially, i.e., very quickly. With bloXroute, we are seeing sublinear, i.e., marginal, degradation in TPS as the network size increases.
Are you partnering already with some wallets? If yes, with which ones? If not, is it too early to disclose?
  • Our first goal is to gain adoption. Once we have adoption, we plan on working with wallets to add in an option to streamline the process of including a bloXroute fee. We expect wallets to include such a fee to have an advantage because it offers their users lower overall fees compared to competitors. It would be up to the wallet to decide to show an “bloXroute transaction” feature or simply show lower fees. That said, we are very well connected to some of the most successful wallets in the crypto ecosystem, and have already discussed the matter with some of them.
Do you foresee users migrating to wallets that partner with bloXroute from the ones that don’t?
  • Users do not have to use wallets that partner with bloXroute to take advantage of the fee reduction service, but it’ll certainly be the most streamlined method. Any user that knows bloXroute’s public address can include in their transaction an additional output that pays bloXroute’s public address to reduce her overall fee. Our first goal is to gain adoption. Once we have adoption, we plan on working with wallets to add in an option to streamline the process of including a bloXroute fee. We expect wallets to include such a fee to have an advantage because it offers their users lower overall fees compared to competitors. It would be up to the wallet to decide to show an “bloXroute transaction” feature or simply show lower fees.
Will it be easy for a wallet to integrate bloXroute or it will require deeper dive?
  • Integration with wallets should be equally straightforward, from the technical point of view. We plan to actively work with open-sourced wallets to help them implement the change. The change includes a UI update to prompt the user and ask if they want to use bloXroute or not, and if they do, update the transaction to commit a tiny fee to a publicly-known bloXroute address.
Are you on track with your roadmap?
  • We are only a few weeks behind on our roadmap (we wanted to do our miner test for end of Feb and now it is early march) but I think for the tech world that’s still pretty good!
Did crypto winter changed your roadmap in certain aspects?
  • The crypto winter I think actually helped us. We are a free service to make miners more money. That has to be appealing in this environment.
When will the Proof of Concept be released?
  • The PoC should come at a similar time like V1, maybe a couple of weeks later, we’ll see.
What is the biggest challenge you’ve encountered after starting the company? What has helped you overcome challenges and stick to your goals?
  • Biggest challenge we have faced is finding talented individuals who understand this technology. The area is brand new, and it’s difficult to find qualified engineers, builders, and business folks. What makes me really motivated every morning is looking at the world and noticing just how antiquated our current systems are, how much they operate based on trust, and how much better they would be if they were open to all and auditable by anyone.
The white paper doesn’t give a full description of bloXroute’s tech, instead it gives a very simple explanation. Do you have concrete plans on how your project will be applied?
  • Our technology has been in operation for 2.5 years. Writing a whitepaper is a difficult task, trying to make a complex technology accessible to the masses. That said, I am pretty sure that we covered the core of our plans, and we have more papers in the pipeline describing the operation of the system for an academic audience. [Check out our resources page for detailed explanations about our technology]

Blockchain Ecosystem

People are talking a lot about Layer-2 scaling solutions in recent years. Compared with layer-0, will layer-2 be a better scaling choice? Or does it depend on different scenarios?
  • When it comes to scaling, there is no “one good layer to scale.” To reach really large numbers of transactions per second, one needs to tackle the bottlenecks at all levels. And Layer-2 cannot actually be made secure unless Layer-1 has enough space to on-board new users, as well as settle the transactions from existing channels. This all cannot be done at 3 tps. To support 1,000,000 tps and above, the underlying chain has to offer high throughput. So it’s absolutely essential to examine Layer-0 solutions.
You said currently there’s no crypto that can be truly decentralized. You also believe PoS is better than PoW. Does that mean that you think bitcoin is not decentralized? What’s the problem with bitcoin’s PoW mechanism?
  • Bitcoin’s blockchain today is created by around 19 mining entities. Some of these are pools, but nevertheless, these are individuals that came together and are operating in unison towards a common aim — they may not have corporate paperwork filed, but they are indistinguishable from any other corporate entity at this point. Just 4 of these command the majority of the hashpower. That’s it, the sum total of Bitcoin’s decentralization. EOS has 21 block producers. Ethereum has 11 miners now, and will reach around 60 with Casper. These are all tiny numbers. The big elephant in the room that no one dares to talk about is precisely how centralized most coins are today.
Do you find there is enough awareness about the block propagation as one of the major (if not the major) scalability bottlenecks within the crypto community/blockchains?
  • The short answer is no. Many people have heard about scalability being a hot topic in crypto/blockchain, but almost no one knows exactly what or where the bottleneck is. That’s why one of the most important parts of telling our story is educating at the same time. The blockchain community has many different types of people with varying levels of knowledge, so it’s a balance to develop a voice that speaks to everyone. In response to this challenge we have developed an educational Youtube series where we give detailed explanations about topics in crypto and blockchain. We hope it will provide tools to have more technical understanding and meaningful conversations about our product and the ecosystem in general.
During the BCH Hash War there was a block propagation bottleneck real case scenario on the mainnet when BSV tried to mine large blocks — something like 40MB and later 64 MB, but at both trials they failed on block propagation as it took too long and forks occurred. The large blocks were orphaned so the experiment clearly failed. As bloXroute’s focus is on this exact scalability bottleneck, block propagation, you came out as a *winner* from the hash war according to Professor Sirer. Have you experienced some benefits of being a winner, such as a larger awareness and interest in your project within the crypto and blockchain community?
  • We are having a lot of communication and open discussion with a lot of blockchain projects out there. We did indeed notice an increased interest after the events that you mention above.
What if industrial giants launched their own public chains one after another, what do you think the community should do?
  • This is exactly what we are going to see, with Facebook leading the way. I’m not too worried about these corporate approaches. While these companies have immense resources, they are starting quite late and do not have the kinds of thought leadership we possess on building peer-to-peer systems. All of these big behemoths are experts at building centralized client-server systems, which are the exact antithesis of what we are building with cryptocurrencies. So I don’t think we should be worried or do much: let them build out, welcome their efforts, and treat them the same way we treat every other altcoin. They will play a big role in onboarding new users into crypto, and they will help make the space more healthy and exciting for all of us.
What different scaling challenges are Ethereum and Bitcoin facing now? What do you think of these challenges?
  • The scaling problems faced by these two systems are slightly different. Bitcoin is a payments system. As such, it is concerned primarily with point-to-point value transfers. And it is facing a basic capacity problem: if everyone in Venezuela were to switch to Bitcoin today, every adult would get to transact only once per month! That’s clearly nowhere near the dream that has been sold to the masses. And it’s not clear what Layer-2 can achieve, because its capacity depends on the emergent network. At the moment, most attempts to send $1000 over LN fail. The challenge in Bitcoin and similar systems is to retain the security of the underlying protocol, avoid forks, and at the same time, increase the number of transactions per second. Naive attempts to do this, for instance, by arbitrarily increasing the block size to really large numbers, are not a good idea. We have seen that BSV is going down this route, and it is leading to excess centralization. bloXroute can help avoid centralization, and help drive protocol scales up by orders of magnitude. The challenges faced by Ethereum are slightly different. The interactions with smart-contracts tend to be multi-point to multi-point, that is, they involve multiple parties. So we see a different, more difficult problem emerge. And Ethereum is driving its network to its limits at the moment. The Ethereum mining network is beginning to show signs of centralization. ETH’s current set of block size and block frequency parameters are a little bit aggressive, and we are seeing signs that would indicate an advantage for mining centralization. bloXroute can help reverse this process and enable the protocol to be driven even more aggressively.
Ethereum researchers claim that their sidechain snark handles 17,000 TPS, do you think we can achieve higher capacity while the network is absolutely safe?
  • We can, and need to, achieve far higher numbers if the blockchain revolution is going to be anywhere near as big as it can be. If IoT devices go online, we will need 1M tps. On the other hand, I’m highly skeptical of all performance claims. BTC achieves around 4tps today, while ETH achieves 15 on a good day. Achieving 100–500, sustained in the real world, is actually very difficult. Any time I hear a number in excess of 10,000 tps, and the technology involved still uses LevelDB, I know that the numbers are obtained in laboratory conditions. That said, I believe this announcement was referring to a sidechain with a small number of trusted peers. In such a setting, sure, one can do anything because the trustlessness is not an issue. I’m concerned about public blockchains, where the nodes do not and cannot trust each other. We can only get to 10,000tps and above by re-thinking Layer-1, as we are doing with Avalanche, and re-doing Layer-0, as we are doing with bloXroute.
Thank you again to everyone who participated ! If you have more questions for our team, feel free to ask us on the bloXroute Telegram channel or ourReddit page.
— — —
We’re always looking for good people!
If you’re equally excited to solve the scalability bottleneck for all blockchains, consider joining our team! We are always looking for passionate partners to help us on this important journey. Check out our available positions to work with us in our Chicago offices.
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