Bitcoin's Mining Difficulty Just Posted Its Biggest ...

TradeOptionGains bitcoin site?

Got this weird DM on reddit idk what this guy is up to have any of you ever heard of this https://tradeoptiongains.com Site?
u/mikerobin25

Mikerobin2501:52 AM
Hello there
IDEKMyUsername09:34 AM
Howdy
Mikerobin2509:47 AM
How's it going?
IDEKMyUsername12:13 PM
Not bad.
What's up
Mikerobin2512:36 PM
I'm doing quite alright, How about you?
IDEKMyUsername12:53 PM
Not bad
Mikerobin2501:39 PM
Well, I don't mean to intrude but are you familiar with the term "cryptocurrency", Bitcoin to be precise?
IDEKMyUsername03:10 PM
Yes
Aye
Mikerobin2503:25 PM
Well, I'm at the moment engaging in an outreach aimed at expanding the clientele of my platform and enlightening the populace on the monetary potential of bitcoin trading and mining. Would you be interested in this?
IDEKMyUsername03:26 PM
Uh yeah sure I can look into it.
What does it include?
Mikerobin2503:28 PM
Are you familiar with the term "Bitcoin trading"?
IDEKMyUsername03:29 PM
Yeah somewhat
Like selling and buying it?
Mikerobin2503:33 PM
Well, Bitcoin trading is the process of making profits by buying Bitcoin at a low cost and selling it when the price goes up, This method is referred to as Dollar Cost Averaging(DCA). The Bitcoin trade is volatile, and price move by a significant margin. This activity is done on trading platforms.
Are you following?
IDEKMyUsername04:07 PM
Yep gotcha so far
Sorry had to pickup a call
Mikerobin2506:51 PM
No problem mate. Every platform has an investment procedure and ROI method. Unlike other platforms that engage in day trading (profiting from the volatility of bitcoin which is inefficient), My platform is registered with S9 ant miners that mine the bitcoin you invest to increase exponentially and that’s how you earn profits.
Have you heard of the term "Bitcoin mining"?
IDEKMyUsername06:52 PM
Yes I have
Mikerobin2506:57 PM
Good. For clarification, Bitcoin mining primarily involves generating and earning off the confirmation of blocks of transaction on the network such as the Blockchain network.
This is made possible with the use of special and sophisticated devices called the Bit main devices, Such as the AntMiner S9 and ASIC hardware. These devices are extremely expensive to maintain and require a lot of electricity generation and technical expertise which makes it rarely an option for private individuals who are interested in going into Bitcoin mining. But my platform has been able to provide for this disability.
Are you following?
IDEKMyUsername06:57 PM
I feel ya
Yes
Mikerobin2507:01 PM
Moving on, My platform operates a full S9 Antminer farm. The Antminer s9 has a hash rate of 12.93TH/s which is -+ 7%, Which could generate a ROI of 0.5 BTC within an investment period depending on the investment capital. Note: ROI stands for return of investment while hash rates a measure of how many times the network can attempt to complete this puzzle every second. This means that hash rate is a good indicator of the Bitcoin network's health.
Do i still have your attention?
IDEKMyUsername07:02 PM
Yes
Mikerobin2507:05 PM
Finally, All investments are made and monitored by the client (you) on the platform's website as you earn profits daily and you can contact me a "Broker" on the platform whenever you need assistance or more information.
https://tradeoptiongains.com
IDEKMyUsername07:05 PM
Hm
U have a history of wise investments?
I mean don't really know you so not like your a "professional" of any means
Mikerobin2507:06 PM
Certainly
We've been running for a span of 4 years now with optimum services provided
IDEKMyUsername07:38 PM
oh wow
gimmie some more deets?
how much money would I expect if i put a quick g bar in?
IDEKMyUsername07:53 PM
hm?
Mikerobin2507:54 PM
An investment of $1000 amounts up to the standard ROI stated above which is 50% of 1 bitcoin.
Apologies for the late reply, Was attending to a client of mine.
IDEKMyUsername07:55 PM
so invest of about $1000 would give ruffly 5?
nah ur good fam
like how I go about that tho u know
cause isn't bitcoin like kind of high right now?
Mikerobin2507:57 PM
Yeah though it would have been more profitable if you had started earlier when it was cheaper but you should be expecting more returns due to the halving coming up.
https://www.bitcoinblockhalf.com/
IDEKMyUsername07:58 PM
how high you think its going to get?
Mikerobin2507:59 PM
Its a highly speculative asset but from my experience and following it's previous halving events, Probably 15-18k.
IDEKMyUsername08:01 PM
oh jeez thats like as big as the big boom right?
how you know its gonna do that?
and what if it doesn't lol?
do I just l;ose it all
Mikerobin2508:05 PM
Exactly. If it doesn't, It would remain at its breaking point of 9k or peak point of 10k but i highly doubt it doesn't pump(rise) based on past halving events. You can simply get started by creating your personal account on the platform by which you can start by purchasing bitcoin and you can do this by clicking on the "Register" icon to get started.
IDEKMyUsername08:05 PM
hmmm idk
Kinda need some more security u know what I mean?
Mikerobin2508:08 PM
I understand. Loses are only made when you sell off, You money remains intact whether it rises or falls as long as you don't sell but your ROI is fully attained on your account on the platform.
IDEKMyUsername08:09 PM
o
Mikerobin2508:10 PM
Indeed
Mikerobin2508:20 PM
Any more questions?
IDEKMyUsername08:20 PM
uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
no
Mikerobin2508:22 PM
Okay then, I'm available here if you're interested and need my assistance
Enjoy the rest of your day.
IDEKMyUsername08:25 PM
o
ok
Yesterday
Mikerobin2501:48 PM
https://www.fxstreet.com/cryptocurrencies/news/breaking-bitcoin-price-takes-down-9-000-as-10-000-beckons-202004300334
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-gold-oil-2020-best-performing-assets-a9492641.html
IDEKMyUsername01:51 PM
O
I bought it
Mikerobin2501:51 PM
Pardon?
IDEKMyUsername01:52 PM
I bought one
Mikerobin2501:52 PM
On what platform?
IDEKMyUsername01:54 PM
I'm idk the one u sent me
Um*
Mikerobin2501:55 PM
Really? When did you do this and why wasn't i informed?
Today
IDEKMyUsername10:19 AM
Oh like last last night
I thought it was expected
U sent me the link and everything
;(
Mikerobin2510:22 AM
You would have informed me so i can enlighten you more on the procedure. Are you aware that it's a mining platform and you earn profits as an investor?
IDEKMyUsername10:23 AM
Yah so what would profit be ya reckon?
For let's say $1000 over liek a year
Mikerobin2510:24 AM
What name did you use in registering the account?
IDEKMyUsername10:24 AM
Uh I'd have to look it up
But how much profit did u say it would be about?
Mikerobin2510:27 AM
0.5 BTC a month depending on your investment capital that is, I would need the name of your account to register it under my personal database so i can provide you with information and assistance when needed.
IDEKMyUsername10:28 AM
O damn that's some big bucks right there
.5 btc like what 4g?
4 times 11 that's $44,000 a month
Mikerobin2510:30 AM
How much did you invest and what is the name of your account?
Your profit is calculated in respect of your investment capital
IDEKMyUsername10:31 AM
Like 11grand
Mikerobin2510:31 AM
And the name?
IDEKMyUsername10:31 AM
Mmmm
How do I find it?
Is there a way on the site
Mikerobin2510:31 AM
What name did you use in creating the account?
Didn't you register?
IDEKMyUsername10:32 AM
Oh like my irl name
I thought u meant like a username
Mikerobin2510:32 AM
Username is what i mean
IDEKMyUsername10:33 AM
It's gonna be under Jeffery Henderson
Jeffery L. Henderson
Mikerobin2510:35 AM
Okay, Give me a second to record it and ascertain your expected profit.
IDEKMyUsername10:35 AM
Sick
Did u find my account?
Mikerobin2510:41 AM
I can't find your records on the platform, Maybe a technical difficulty. Could you please sign in and send me a screenshot of your funds deposited through discord please?
IDEKMyUsername10:41 AM
So tell me mike
Where's the cash?
Mikerobin2510:41 AM
Pardon?
IDEKMyUsername10:41 AM
You lost it, oh you misplaced it.
Now mike you know I don't like to be lied to right?
Mikerobin2510:43 AM
Since i can't find your account on the platform, I guess that's the ending of our conversation.
Good day.
IDEKMyUsername10:43 AM
So why
THE FUCK
ARE YOU LIEING TO ME
Mikerobin2510:44 AM
Prove that you have an account on the platform by sending a screenshot
IDEKMyUsername10:44 AM
I cannot
I did it on
Computer
Mikerobin2510:45 AM
The sign in through your phone, Do i seem like a fool to you?
I have a lot of clients to attend to and i don't have time for games
IDEKMyUsername10:45 AM
I ain't the I one that took another man's money and now can't find it
You don't have other clients
Let's not play games here
How do I get my money out of this depreciating asset?
You better help me get my money out of this or were going to have a major issue
Mike...
IDEKMyUsername11:16 AM
U serious rn bro?
Ur gonna scam me out of my 💰
?
A day will come when you think yourself safe and happy,.
But suddenly your joy will turn to ashes in your mouth.
and you'll know the debt is paid
IDEKMyUsername08:01 PM
Br
You still my 11 grand
Stole
What's your name
Tell me
Or I'll find you
submitted by IDEKMyUsername to Scams [link] [comments]

The Convoluted Story of Crypto and Coronavirus (Article; Not a piece of investment advice; Not meant to spread FUD)

The Convoluted Story of Crypto and Coronavirus (Article; Not a piece of investment advice; Not meant to spread FUD)
Hey, all!
The sole purpose of this post is to give an outline of the things happening in crypto during the outbreak of Corona. The article is meant to share information and doesn't support any coin and is not meant to instigate FUD in the community.
Please comment your thoughts below and it helps us in delivering better content.
Thanks in advance.

The Convoluted Story of Crypto and Coronavirus

The recent Coronavirus outbreak in China has brought businesses to a standstill. It cost hundreds of lives and sent shockwaves to the entire world. On the other hand, the cryptocurrency market witnessed huge gains in early February and took a nose-dive in the last week. These series of events does bug everybody if the epidemic is impacting crypto. In this short post, ChangeHero will reveal what is happening to crypto amid this epidemic.
https://preview.redd.it/goqdtfslk9k41.jpg?width=1901&format=pjpg&auto=webp&s=dd48e4f3629ec813f1cd3e2d5700470ab1e329e4
The Outbreak
According to the World Health Organization Coronovirus disease (COVID-19), was first reported in Wuhan, China on 31 December 2019. A Bloomberg report suggests that there are 82,302 confirmed cases and 2,802 deaths worldwide, but China has been the most affected. In measures to contain the spread, the Chinese government has locked down cities and restricted the free movement of people which made the factories and businesses to shut the doors. The steep in the factory output has taken a toll on the Chinese economy and also threatened the global economy. Industries such as manufacturing, oil and gas, tourism and supply chain suffered the most. In the same vein, crypto is also not immune to this virus.
Miners hammered
China has a history of crackdowns on cryptocurrencies and exchanges. On the contrary, they are spearheading the blockchain adoption race and working towards digital currency, quickly go through this article for more info about China and cryptocurrencies. Moreover, the top five mining companies — AntPool, BTC.com, BTC.top, F2 Pool and ViaBTC are based in China. These firms control almost 60% of the hash power in the Bitcoin network. Mining farms are the first to be affected by the outbreak and a few representatives of these firms expressed their concerns on Social Media. Many stated that the government has cut off the electricity, supplies and also drove away workers from mining facilities. It reflected in the difficulty of bitcoin mining, a measure which indicates the effort required to solve the math in finding the block. This measure is adjusted once every two weeks and in the last difficulty correction, the measure rose only by 0.52% which is significantly lesser than the previous corrections of 4.67 and 7.08.
Mining may soon turn out to be a not so profitable activity, credits to the Bitcoin Halving. Bitcoin will undergo its third halving event somewhere around May and the block reward will be slashed to 6.25 BTC. It leads to tougher and unfavourable economic conditions. To boost their chances of surviving, miners are gearing up with advanced machines. Yet again, China is one of the largest suppliers of the mining equipment. Coronavirus outbreak has also locked up the doors of the factories and the companies have postponed the deliveries. Although there is a significant impact on the crypto mining industry in China, Bitcoin hash rate has seen a negligible change.
Community reflex
To restrain the spread of the virus, the Chinese government has halted the distribution of Yuan worth almost a Billion Dollars. Meanwhile, the S&P 500 Index and other traditional markets have also recorded their worst performances due to the epidemic. Crypto community was quick to react and hinted that digital currency can fix this. Big names in the crypto sphere like Binance and Tron have also pledged support to the coronavirus victims. Moreover, the epidemic has spread a sense of terror amongst the community and led to the cancellation and postponing of the conferences and public events.
Amidst the crisis, CoronaCoin, an ERC-20 token was launched with the ticker NCOV. Though the website states that the token is meant for charity, it’s approach has shocked the crypto community. The cryptocurrency has a total supply equal to the world’s population and the tokens will be burnt every 48 hours, proportionate to the number of casualties. The concept of investors benefitting with the spread of the virus poses serious moral questions on this project.
Impact on the crypto
Bitcoin kickstarted the new decade with a massive bull run and crossed the ten thousand dollar mark in early February. Many have contributed this to the upcoming halving and some connected it to the coronavirus outbreak. Things didn’t fare well long for crypto and the whole market crashed and lost a whopping 50 Billion Dollars in the last week of February. The epidemic has indeed affected the people and processes behind the crypto industry but it is still unclear if there is a correlation between the coronavirus and the crypto market prices. Nevertheless, the notion of Bitcoin as a safe haven during the crisis still exists but hasn’t been proven yet, at least for now. We hope the crisis will end soon and peace be restored. Until then, all our strength to the effected, families and businesses around.
Upvote if you have liked the article and comment to spark a discussion. Follow ChangeHero for more of such articles and updates in crypto.
The article was originally published on our Medium profile and reposting it here for more reach. Thanks for understanding.
submitted by Changehero_io to CryptoCurrencies [link] [comments]

Nyancoins Megapost - Central Link Collection

Edit: Going to finally start an overhaul on this (April 23rd, 2016); it's been six months since the last edit. I'm going to go from current back, so there's going to be a gap between this top, new stuff and what's below until I finish the update.
I'm just going to have the last six months all shoved together into one large update here. There's weak categorization, but basically just think of it as a huge list. In general, the newer items will be higher within a given category than the older items. I apologize if I left anything out which people would like to see included. Some things I considered more of a temporary update than something relevant months later, but just PM me and I'll add anything requested!
We're currently in a quiet low point. Nothing catastrophic is happening, but we are relatively weak. I call it "the best nadir" because if this is as bad as it gets, we're doing alright. The price is down to 4 satoshi now, which is the lowest sustained price since the beginning of the revival. I'm going on a year behind my original goal for releasing NYAN2, still stuck on a new build computer (alternately time and energy to cripple together a build system out of what I have available).
One major new element: I've set a goal for us to have a mission to visit the site of Apollo 17 in twenty years. This is basically a new dimension. For the first ten years, I envision this as a purely "paper program", doing research on past space programs, in particular Mercury through Apollo, but any and all launch platforms and spacecraft which have been done. We may additionally seek to gain additional education (for instance, I would like aerospace engineering and material science undergraduate degrees at a minimum; we also are going to need experienced test pilots).
Space Program Initial Vision: [NYAN 2035] We must send a mission to visit the site of the Apollo 17 plaque on the Moon
Also, I've replaced the previous "Nekonauts of the Month" competition with a "Who Wants to be a Nillionaire?". The major difference is that rather than relying upon me to track everything, the expectation is that Nekonauts will sign up and self-report accomplishments.
Nyan Projects
[Hype] Browser based MMORPG accepting Nyancoins for member items: KojoSlayer's latest foray into nyan video game development! I've seen an early preview and it reminds me of a primitive Runescape (meant as a compliment)
Fun Posts
Insert NyanDisk 1 into Drive A:: NyanDOS!
Nyan like it's 1999 ....: telnet into nyan!
[breaking news] Nyancoins will be bought out by Garza in a last-ditch attempt to save Paycoin - April fool's post
Trumpchain on Twitter: "It can happen. Our blockchain has tremendous potential. We have tremendous people. #MakeTheBlockchainGreatAgain" - Terrific shitpost; really fantastic!
Join the Nekonauts today! - Cool nyan poster
"I really hope Satoshi is finally dumping and declaring that, like, Nyancoin is the true bearer of his vision." - CountOneInterrupt - My favorite idea ever
Nyancoin Zen - So cute. This may be my favorite nyan image ever for its understatement and beauty.
High Definition Nyan up close - Amusing
Making PC more Nyan-Friendly! - cute; amusing. Such nyan!
Typical Nyancoiner breakfast. - DobbsCoin is great with this stuff!
[meta] [misadventures of coinaday] [Pizza Boy Adventures] Late Night Pizza - Just a little choose-your-own-delivery I wrote during my stint as a pizza delivery boy.
I don't know how I wasn't aware of this site before - I still can't believe there's an entire site for this!
Get NYAN
Want more NYAN? Faucet Mrai and trade to me for NYAN (and then hodl!): What is says on the tin. The faucet is down temporarily at time of this writing, but it'll be back up before I update this section likely. The price offered there is low (mailing list mentioning 200-300 satoshi currently; my offer is worth about 2 satoshi currently); I would consider higher, but probably wouldn't pay those apparent market rates (no actual exchange yet).
Force Multipliers
Content about the difference a determined person can make. Intended as inspiration.
[Force Multiplier] [Original Content] [pdf; 23 pages] Archimedes and the Siege of Syracuse - Previously unpublished paper I wrote for a history course in college.
[Force Multipliers] [Military History] Julius Caesar's Greatest Military Victory (Video; 10 minutes) - An explanation of achieving victory in an apparently unwinnable situation.
[Force Multipliers] [Naval History] Korea: Admiral Yi - I: Keep Beating the Drum - Extra History - Incredible loyalty and dedication from this greatest Admiral saved his country
Philosophy
Content which fits the themes of fun, self-improvement, and service to others.
Wikipedia essay: WikiLove - I think Wikipedia's policies are in a lot of ways something to look up to. It's true that they're stuck in bureaucracy now, and have driven away many experts, but they function and their policies have helped to give some structure to the anarchy.
[US history and macroeconomics] [59 minute video] Thom Hartmann, "The Crash of 2016" - Interesting video. I think the predicted outcome is something of a longshot, but it's interesting to me that he called Sanders as a major factor in the election years ago.
Taylor Mali, "Words and Their Consequences" (68 min video) - Poetry and philosophy
We Are One - Didn't get any attention at the time, but this is a general statement about the power of people working together.
A Message of Hope for the World - What's the point of Nyancoins? To inspire people.
A brief word on censorship - tl;dr: Censorship is bad, m'kay?
Who Owns Nyancoins? - Hodlers.
To The Moon is Not Enough: 100 Year Planning - About the importance of an unlimited time horizon. We build to last.
General
Catch-all category. Okay, this category got out of hand. I should do a second round later and break this out into a few different ones.
The best argument I've heard so far for keeping the 1MB cap in Bitcoin - I still think it would have been better for Bitcoin to grow, but this is the strongest argument for its stagnation in capacity that I've seen.
[conceptual design] How we should expect 100,000 transactions in a minute (or second?) to be handled - This is about the idea that we should expect to be able to handle large loads without crashing. Pretty basic. Related to an /cryptocurrency post I'd made: 100,000 Transactions Per Second: How Do We Get There?, which gives a very high-level overview of one way to reach high throughput capacity using blockchains.
Interesting cryptocurrency to try: raiblocks, protocol without transaction fees or block rewards - I think Raiblocks will be a valuable "companion coin" to Nyancoins ultimately. I don't know how exactly that'll work, but I believe that good cryptocurrency communities should make alliances. If nothing else, we can be valuable to each other as the "loyal opposition", critics who want to see success.
Coin-a-Year: Nyancoin : link to /CryptoCurrency post - Summary of the first year or so of NYAN revival
[far future concept] Nyanshares, Nythereumbits, and all-in on 37 rainbow - A double post: first part describes a possible spin-off, hybrid, 'companion coin' we could make in future years. The second part talks about what a gamble NYAN is.
NyanCoin compilation guide and downsizing nyan.space / NyanChain [semi-meta] - Has a link to a guide for compiling nyancoind on servers.
[meta] [misadventures of coinaday] Stuck in the Dihydrogen Monoxide - Another in a series of coinaday posts proving "play stupid games; win stupid prizes"
[Data] Faucet Stats - KojoSlayer's faucet stats
Thing to do a thing that can't do that thing.... - Bit of code for pulling BTC/NYAN feed from Cryptopia.
Fresh builds, coming up! - initial report from vmp32k on attempting to modernize the codebase
DigiShield - suggestion for different difficulty algorithm
BIP101 implementation to be made available for altcoins - prohashing announcing that they will have a Scrypt BIP101 implementation; this is planned to be our base for NYAN3
Year 1: Acquisition and Triage ; Year 2: Acquisition and Build - Optimistic; in reality, year two of the revival has largely been me just trying to survive. Hopefully more acquisition and build as the year goes on.
[technical] [financial] Price Stability and Consistent Hashing - Basic theory. If we have consistent prices, we'll have more consistent hashing.
[technical] [forking] [NYAN3] Should running old defaults be considered a vote against a hard fork or should the veto need to be explicit? / General voting discussion - What it says on the tin. I haven't gotten feedback on this yet. It's far in the future, but I think it's a critical question. I'm not sure which way is correct.
2015 in review: overview - Initial summary of the previous year; written before the Coin-a-Year post which did similar
[meta] [finance] [misadventures of coinaday] Paying Debts - Since writing this, I've gone further into debt. I need to get my personal finances together this year, for my own sake, for the sake of those I owe, and for the sake of Nyancoins.
Countdown to the Second Halving - The current block is 1168851 as I write this; we've got less than 350,000 more blocks until the third halving!
I updated the major risks page for Nyancoins to include mention of the fork bug and 'time warp'. Please review and comment. - bolded for visibility; I consider the risks document and making sure that we inform potential buyers as much as possible to be a critical requirement for us
[technical] [security] Time warp, fork bug, disclosure policies, and practical results: a working system despite flaws - Discussion of the success of Nyancoins as a working system despite its technical vulnerabilities.
Zero Fees (*) - Discussion of the role of zero fee transactions and why I consider them important
[finance] [meta] [Misadventures of coinaday] overdrafts and consequences / Cryptopia 1sat Dump - Discussion of my stupidity and its consequences on Nyancoins' financial health
[technical] NIP 1: Base NYAN3 on XT - I consider this critical. We will make a statement about not following the path Bitcoin is currently going down. This is not urgent for us because our activity is so low, but it will be part of building a strong foundation for the future.
Hodling Update: 30% - I haven't done the math recently. I'm probably within 5% of this, but I don't know if I've gone up or down. I haven't given away a whole lot, but I have put no new money into Nyancoins for months from being so broke. I've still gained some millions more from when my 5 satoshi bids got hit though.
[finance] Up? Down? Horizontal? - Considering 30 - It's pretty sad how far we are from 30 satoshi now (4 satoshi at the moment). I believe we'll get it back ultimately, but the revival certainly hasn't had the financial success I'd hoped.
Dice soft launch - Not sure of the current state here. Check with KojoSlayer.
State of the NYAN October 2015: An interlude for gratitude and yearning for more - I should get back to doing these monthly eventually. Right now it's quiet enough that there doesn't seem to be a real need.
[financial] NYAN vs DOGE as a long-term store of value - What it says. I believe that the lower supply inflation and smaller supply of NYAN will ultimately lead to NYAN trading above DOGE (currently trading at less than 10:1).
[finance] [stats] [gaming] Breaking the Bank: Risk-of-Ruin, Dice Games, and Basic Logic - I'm pretty proud of this one. By having more money than god, and a screwed up default max bet rule, I was able to beat the house. 8-)
100M - Talking about the remaining supply and the implications.
I think I'm done with this update (at least getting the new content in; I have not changed the old text and content, which is everything below).
Since I can only have one thing stickied at a time, but there are a lot of different things going on, I've switched over to having one main link collection post. And this is it.
I'll update this periodically (I'll try to do a major update once a month) and might replace it at some point. It'll have general discussion of the context behind why these various threads are significant.
I'm doing August and September together for Nekonaut awards and updates here since I got a bit busy at work. NYAN2 is released as a first-draft, but I haven't built it yet (nor done final changes and fixes). I need a computer with more RAM than what I have available to me now. However, I'm quite satisfied with the performance of NYAN1.2, ancient though it may be, so I'm not treating it as an emergency.
The biggest news is that we are now listed on cryptopia.co.nz ! They are a great community and provide better ecosystem support than most exchanges: they include a pool and explorer along with the exchange. And their exchange has a lot of basepairs, with NYAN/BTC, NYAN/UNO, NYAN/DOGE, and NYAN/DOT being relatively active, NYAN/LTC being quiet, and the other two (popularcoin and feathercoin) being unfamiliar to me and generally unused.
Oh, also, when I've taken a look at it, the Nyanchain seems to be running smoothly. I haven't been watching too closely, but the status page is usually showing all green. I especially like seeing the high number of connections (generally close to 30). [Comment from July version; still accurate. I should get automated metrics on the Nyanchain someday, but in the meantime, it seems to be moving pretty smoothly anecdotally.]
Top stories from August and Septemberish
Nekonauts of the Months, August and September 2015 - Combined awards, three awards for 1M as a result, and such. Just check it out. :-)
New IRC channel and tipbot - This came about during the listing process; we are now at #nyan2
WE ARE LIVE! Cryptopia added us just now!! - Culmination of the process of getting listed on Cryptopia. After leading in user votes and DOT votes after the first couple days, the admins decided to add us. So as I count it, we won three votes. :-)
Looking good on Cryptopia so far - My early reaction to the exchange.
The past few days. - Repost of a classic, which is always a good idea in NYAN, given our rich archives.
Miners We Need YOU! - Brief discussion by KojoSlayer about the importance of miners to the Nyancoin ecosystem.
Nyancoind Dockerfile (for the tech-nyans) - Cool demo by vmp32k
Nyancat all up on your Vim command line. - Cool xpost from /vim.
[financial] I hit a positive balance on Cryptsy-NYAN again - I started buying on Cryptsy. I've since withdrawn from Cryptsy and am working on eliminating my balances there, but I've got a lot of altcoins to consolidate yet.
100M - A discussion of the remaining supply to be generated (now under 100 million more coins)
Top stories from July
Gitian Build Instructions - !!! This is exactly what I was trying to figure out. With this roadmap, we should be able to help others build *coins with gitian as well as provide a solid introduction to our own community members. This should be linked and submitted for feedback elsewhere; I should report back to the Litecoin thread with a link to this for discussion. I cannot overstate how important I find this contribution.
Nekonauts of the Month, July 2015 - Still going with this. I may not always get this perfect, but I hope that it will help add some motivation and recognition to the community who is building the next generation of Nyancoins.
Ɲyancoins for Nekonauts! [designs] - Some logos and concept art; a start by W7phone; we hope to see more of this type of thing!
[hypothetical] What would it take for us to be able to start our own Nyan exchanges? - tl;dr: Let's get setup on some decentralized exchanges!
Linux Nekonauts: Building nyancoind - I should get this in the sidebar somewhere. An excellent first post by gentlenyan !
Top stories from June
Nekonauts of the Month, June 2015 - Latest round of awards; I plan to keep doing this each month for as long as I can
[community] You are a leader of Nyancoins / Herding Cats: Leading Leaders; Leadership in a Decentralized Community - A discussion of the importance of you to the success of Nyancoins
vmp32k launches a beta of a faucet - When is this going live?
kojoslayer launches a faucet
Various post on mining being stuck - we are still a bit spotty, but it seems like it might be a bit better. We could use something more than just an instantaneous status page; if someone wants to make something which does statistical analysis of the performance of the nyanchain, that would be awesome.
Broke through the 40 satoshi ceiling, and Plagiarizing great speeches in history and claiming to have a community mandate: Coin-a-Day writes inspirational pap as we stand on the verge of breaking through the 50 satoshi ceiling and envisions the glorious future ahead - and rather more. The price dipped back down on Cryptsy since, but we had a nice rise for a while. I'm hoping that when we get an exchange we have confidence in, we'll see more buying again.
Warning: Cryptsy does not process large NYAN withdrawals - This is why I recommend not using Cryptsy; plus this
Top stories from May
First off: Ɲyancoins needs YOU! - This is a discussion of how all of us have something we can do for Nyancoins, and how improving your own life is absolutely one of those things.
Nekonauts of the Month, May 2015 - This is my first month running this competition. I'm looking to recognize people who are active and contributing to the community and to give them NYAN to help further whatever they'd like to do next.
The network is stable! - Thanks to a new miner, spydud22, we are showing all green on status!
Wow, very large chunk of NYAN at 40 satoshi (6 million) - The title is outdated; there's about double this volume now. [Edit: And now the title is accurate again.]
Initial notes and thoughts on the Nyancoins client update - I've identified the approximate version of Litecoin that Nyancoins is based on and looked at a diff. It looks reasonable and do-able. I haven't yet looked at the latest branch on which I'll apply these changes.
Nyancoins 2.0
https://github.com/mathwizard1232/nyancoins/tree/nyancoins2 - first draft of NYAN2
(intentional duplication from top stories for July; I consider it that important): Gitian Build Instructions - !!! This is exactly what I was trying to figure out. With this roadmap, we should be able to help others build *coins with gitian as well as provide a solid introduction to our own community members. This should be linked and submitted for feedback elsewhere; I should report back to the Litecoin thread with a link to this for discussion. I cannot overstate how important I find this contribution.- earlier working notes
Cross-platform Gitian builds - Discussion about getting Gitian builds to work for Mac without access to a Mac.
Initial notes and thoughts on the Nyancoins client update - Right now I haven't had time to do much more on this, but I need to work on doing the Litecoin gitian build yet.
Gitian Build - jwflame's initial notes on trying the gitian build
DLC
Distributed Library Coin; stealing^Wrepurposing the ideas of others - Introducing the concept; basically a virtual lending library for the community; Learned Optimism is offered.
[DLC] Siege of Earth - Second post, offering Siege of Earth, a classic sci fi tale
Minecraft
[Idea] Minecraft NyanCoins - KojoSlayer is making a cool Minecraft Nyancoins faucet sort of thing (get Nyancoins for playing Minecraft).
[Sneak Peak] Nyancoin Minecraft Server - This project is moving forward quite quickly! See also /NyanCoinsMC for more information.
[Beta] Launch Nyancoins Minecraft Server : NyanCoinsMC - BOOM! I'm amazed at how quickly this has gotten setup. Go check it out!
Background / theory
Overview of major risks of buying Nyancoins - I've tried to collect every risk I could think of in this one place. This is important reading before investing.
Nyan's core principles and why they matter
draft one of Cold Storage 101: How to secure your coins for long-term hodling - I need to incorporate the suggestions still, but between the article and the comments, this is decent.
I will work harder: in which Coinaday reports for duty - My statement that this is going to a new level for me: I'm considering this my dream job now, rather than just my hobby. I'm dedicating myself to serving this community as best I can.
[community] You are a leader of Nyancoins / Herding Cats: Leading Leaders; Leadership in a Decentralized Community - This is a discussion of the importance of each individual, in particular you, to this revival.
A really good read about fiduciary duties in running an exchange - discussion of the responsibility one takes on in managing money for others
[rant] In response to "there is only BTC [and maybe LTC [and maybe DOGE]] AND DEFINITELY NOTHING ELSE MATTERS" - Possibly amusing rant.
My most worthless and most valuable coins: Comparing DIME and 42 - A discussion about interpreting spot price in context
[theory] Bitcoin discussion of hard forks - Talking about the risks involved with a hard fork
Rooting for LTC's Rally to Hold: Nyancoins and the Cryptocurrency Market - Nyancoins do not stand alone. Although it's easy to see the rise of another cryptocurrency as weakening us, because we might trade lower against them temporarily, I believe that a stronger CryptoCurrency market as a whole will be important for our long-term health.
[financial] Cryptocurrency valuation models: Considering Nyancoins as a zero-coupon bond against the community
Classic Posts
Why Nyancoin will hit $1/NYAN (and much more). We're going to space, and you're invited! - This is an infamous post by americanpegasus. I believe it was actually someone mocking him in /bitcoin by linking to this which first made me aware that Nyancoins existed, and got the idea in my head that it was a deadcoin (from seeing a post/comments on the sub at the time which claimed that). So the dream of this post was actually so bold that it brought it back from the grave, because it was bold enough to be mocked, and that mockery eventually led me to investigate it, and that investigation led me to fall in love.
1Ɲ >= 1Đ - This is a vision I have, that we shall rise above DOGE. This is not a dig against DOGE but merely a statement about the growth I expect to see us have. There are about 500x as many Dogecoins as there are Nyancoins, so even if we remain significantly smaller we can easily pass their unit price. We've done so briefly previously but are currently below this mark.
We choose to go to the Moon - This is my manifesto about why I am doing this. Cribbed from JFK's moon speech, it is meant to express that it is because of, not in spite of, the challenges that we face that I am here. This started out as a personal challenge. While I certainly would like to get rich off of this, the reason I chose to pursue this is because if we do then, then we're awesome badasses that people can be impressed by.
The original Nyancoins intro video - wasn't really sure where to categorize this
Older stories
I'll move stories down here as they get older. For now it's the block stoppage stuff as that seems to have stabilized.
Holy shit, 22 hours since the last block. At this rate, I'm going to have to start solving hashes by hand... - This was my post about the block stoppage.
Difficulty has spiked again; if we hit another stall I'll try the transaction fee trick again - Another block stoppage, and a record of my attempt to use the same trick to break it loose again (transaction fee incentive).
I'm ready to give up on life; in which coinaday finally has his full-blown mental breakdown. So long, and thanks for all the rainbows! - My personal mental breakdown. Just listed here because it made an impact. Also, it was an amazing response from the community which meant a lot to me.
Fuck it; encore une fois - My reaction afterward, saying that I'll give things another shot.
GFS
Disregard the below: GFS has been down for a few months and probably won't be back. At one point, this project had been offered to me, and perhaps I should have taken it, but I felt like I was already heavily committed here and couldn't take that on as well. It's a shame that no one managed to keep it running though. I really liked the idea.
Disregard the below: it's back down again, last I checked. Not sure what to link on that. The new bot got mildly political again / referenced being a shadowbanned user, and bam. I'm not sure where this is going to go now, if anywhere. Although I suppose the on-blockchain stuff isn't affected, and I'd wager go1dfish will do something again.
/GetFairShare will be attempting another distribution today; go try it out! - GetFairShare is back! Go get free money!
I don't really understand what's going on, but apparently the bot used for /GetFairShare got banned - Some background on GFS having gone down
I think that this will continue to be useful as we gain a larger and larger volume of posts and help me not have to worry about burying something significant posted a couple weeks back or something.
Also, right now I'm just gleaning from the frontpage, but I'll add in some great classic posts too.
Let me know in the comments if there are other posts you'd like to see added here.
submitted by coinaday to nyancoins [link] [comments]

IRC Log from Ravencoin Open Developer Meeting - Aug 24, 2018

[14:05] <@wolfsokta> Hello Everybody, sorry we're a bit late getting started
[14:05] == block_338778 [[email protected]/web/freenode/ip.72.214.222.226] has joined #ravencoin-dev
[14:06] <@wolfsokta> Here are the topics we would like to cover today • 2.0.4 Need to upgrade - What we have done to communicate to the community • Unique Assets • iOS Wallet • General Q&A
[14:06] == Chatturga changed the topic of #ravencoin-dev to: 2.0.4 Need to upgrade - What we have done to communicate to the community • Unique Assets • iOS Wallet • General Q&A
[14:06] <@wolfsokta> Daben, could you mention what we have done to communicate the need for the 2.0.4 upgrade?
[14:07] == hwhwhsushwban [[email protected]/web/freenode/ip.172.58.37.35] has joined #ravencoin-dev
[14:07] <@wolfsokta> Others here are free to chime in where they saw the message first.
[14:07] == hwhwhsushwban [[email protected]/web/freenode/ip.172.58.37.35] has quit [Client Quit]
[14:08] Whats up bois
[14:08] hi everyone
[14:08] hi hi
[14:08] <@wolfsokta> Discussing the 2.0.4 update and the need to upgrade.
[14:08] <@Chatturga> Sure. As most of you are aware, the community has been expressing concerns with the difficulty oscillations, and were asking that something be done to the difficulty retargeting. Many people submitted suggestions, and the devs decided to implement DGW.
[14:09] <@Tron> I wrote up a short description of why we're moving to a new difficulty adjustment. https://medium.com/@tronblack/ravencoin-dark-gravity-wave-1da0a71657f7
[14:09] <@Chatturga> I have made posts on discord, telegram, bitcointalk, reddit, and ravencointalk.org from testnet stages through current.
[14:10] <@Chatturga> If there are any other channels that can reach a large number of community members, I would love to have more.
[14:10] <@wolfsokta> Thanks Tron, that hasn't been shared to the community at large yet, but folks feel free to share it.
[14:10] When was this decision made and by whom and how?
[14:10] <@Chatturga> I have also communicated with the pool operators and exchanges about the update. Of all of the current pools, only 2 have not yet updated versions.
[14:11] <@wolfsokta> The decision was made by the developers through ongoing requests for weeks made by the community.
[14:12] <@wolfsokta> Evidence was provided by the community of the damages that could be caused to projects when the wild swings continue.
[14:12] So was there a meeting or vote? How can people get invited
[14:12] <@Tron> It was also informed by my conversations with some miners that recommended that we make the change before the coin died. They witnessed similar oscillations from which other coins never recovered.
[14:13] only two pools left to upgrade is good, what about the exchanges? Any word on how many of those have/have not upgraded?
[14:13] <@wolfsokta> We talked about here in our last meeting Bruce_. All attendees were asked if they had any questions or concerns.
[14:13] == blondfrogs [[email protected]/web/freenode/ip.185.245.87.219] has joined #ravencoin-dev
[14:13] == roshii [[email protected]/web/freenode/ip.41.251.25.100] has joined #ravencoin-dev
[14:13] sup roshii long time no see
[14:14] <@Chatturga> Bittrex, Cryptopia, and IDCM have all either updated or have announced their intent to update.
[14:14] == wjcgiwgu283ik3cj [[email protected]/web/freenode/ip.172.58.37.35] has joined #ravencoin-dev
[14:15] sup russki
[14:15] what's the status here?
[14:15] I don’t think that was at all clear from the last dev meeting
[14:15] I can’t be the only person who didn’t understand it
[14:15] <@wolfsokta> Are there any suggestions on how to communicate the need to upgrade even further? I am concerned that others might also not understand.
[14:17] I’m not sold on the benefit and don’t understand the need for a hard fork — I think it’s a bad precedent to simply go rally exchanges to support a hard fork with little to no discussion
[14:17] so just to note, the exchanges not listed as being upgraded or have announced their intention to upgrade include: qbtc, upbit, and cryptobridge (all with over $40k usd volume past 24 hours according to coinmarketcap)
[14:18] <@wolfsokta> I don't agree that there was little or no discussion at all.
[14:19] <@wolfsokta> Looking back at our meeting notes from two weeks ago "fork" was specifically asked about by BrianMCT.
[14:19] If individual devs have the power to simple decide to do something as drastic as a hard fork and can get exchanges and miners to do it that’s got a lot of issues with centralization
[14:19] <@wolfsokta> It had been implemented on testnet by then and discussed in the community for several weeks before that.
[14:19] == under [[email protected]/web/freenode/ip.72.200.168.56] has joined #ravencoin-dev
[14:19] howdy
[14:19] Everything I’ve seen has been related to the asset layer
[14:19] I have to agree with Bruce_, though I wasn't able to join the last meeting here. That said I support the fork
[14:20] Which devs made this decision to do a fork and how was it communicated?
[14:20] well mostly the community made the decision
[14:20] Consensus on a change is the heart of bitcoin development and I believe the devs have done a great job building that consensus
[14:20] a lot of miners were in uproar about the situation
[14:20] <@wolfsokta> All of the devs were supporting the changes. It wasn't done in isolation at all.
[14:21] This topic has been a huge discussion point within the RVN mining community for quite some time
[14:21] the community and miners have been having issues with the way diff is adjusted for quite some time now
[14:21] Sure I’m well aware of that -
[14:21] Not sold on the benefits of having difficulty crippled by rented hashpower?
[14:21] The community saw a problem. The devs got together and talked about a solution and implemented a solution
[14:21] I’m active in the community
[14:22] So well aware of the discussions on DGW etc
[14:22] Hard fork as a solution to a problem community had with rented hashpower (nicehash!!) sounds like the perfect decentralized scenario!
[14:23] hard forks are very dangerous
[14:23] mining parties in difficulty drops are too
[14:23] <@wolfsokta> Agreed, we want to keep them to an absolute minimum.
[14:23] But miners motivation it’s the main vote
[14:24] What would it take to convince you that constantly going from 4 Th/s to 500 Gh/s every week is worse for the long term health of the coin than the risk of a hard fork to fix it?
[14:24] == Tron [[email protected]/web/freenode/ip.173.241.144.77] has quit [Ping timeout: 252 seconds]
[14:24] This hardfork does include the asset layer right? if so why is it being delayed in implementation?
[14:24] <@wolfsokta> Come back Tron!
[14:24] coudl it have been implement through bip9 voting?
[14:24] also hard fork is activated by the community! that's a vote thing!
[14:24] @mrsushi to give people time to upgrade their wallet
[14:25] @under, it would be much hard to keep consensus with a bip9 change
[14:25] <@wolfsokta> We investigated that closely Under.
[14:25] == Tron [[email protected]/web/freenode/ip.173.241.144.77] has joined #ravencoin-dev
[14:25] <@wolfsokta> See Tron's post for more details about that.
[14:25] <@spyder_> Hi Tron
[14:25] <@wolfsokta> https://medium.com/@tronblack/ravencoin-dark-gravity-wave-1da0a71657f7
[14:25] Sorry about that. Computer went to sleep.
[14:26] I'm wrong
[14:26] 2 cents. the release deadline of october 31st puts a bit of strain on getting code shipped. (duh). but fixing daa was important to the current health of the coin, and was widely suppported by current mining majority commuity. could it have been implemented in a different manner? yes . if we didnt have deadlines
[14:27] == wjcgiwgu283ik3cj [[email protected]/web/freenode/ip.172.58.37.35] has quit [Quit: Page closed]
[14:27] sushi this fork does not include assets. it's not being delayed though, we're making great progress for an Oct 31 target
[14:28] I don’t see the urgency but my vote doesn’t matter since my hash power is still CPUs
[14:28] <@wolfsokta> We're seeing the community get behind the change as well based on the amount of people jumping back in to mine through this last high difficulty phase.
[14:28] So that will be another hardfork?
[14:28] the fork does include the asset code though set to activate on oct 30th
[14:28] yes
[14:29] <@wolfsokta> Yes, it will based on the upgrade voting through the BIP9 process.
[14:29] I wanted to ask about burn rates from this group: and make a proposal.
[14:29] we're also trying hard to make it the last for awhile
[14:29] Can you clear up the above — there will be this one and another hard fork?
[14:29] <@wolfsokta> Okay, we could discuss that under towards the end of the meeting.
[14:30] If this one has the asset layer is there something different set for October
[14:30] <@wolfsokta> Yes, there will be another hard fork on October 31st once the voting process is successful.
[14:31] <@wolfsokta> The code is in 2.0.4 now and assets are active on testnet
[14:31] Bruce, the assets layer is still being worked on. Assets is active on mainnet. So in Oct 31 voting will start. and if it passes, the chain will fork.
[14:31] this one does NOT include assets for mainnet Bruce -- assets are targeted for Oct 31
[14:31] not***
[14:31] not active****
[14:31] correct me if I'm wrong here, but if everyone upgrades to 2.0.4 for this fork this week, the vote will automatically pass on oct 31st correct? nothing else needs to be done
[14:31] Will if need another download or does this software download cover both forks?
[14:31] <@wolfsokta> Correct Urgo
[14:32] thats how the testnet got activated and this one shows "asset activation status: waiting until 10/30/2018 20:00 (ET)"
[14:32] Will require another upgrade before Oct 31
[14:32] thank you for the clarification wolfsokta
[14:32] <@wolfsokta> It covers both forks, but we might have additional bug fixes in later releases.
[14:32] So users DL one version now and another one around October 30 which activates after that basically?
[14:33] I understand that, but I just wanted to make it clear that if people upgrade to this version for this fork and then don't do anything, they are also voting for the fork on oct 31st
[14:33] Oh okay — one DL?
[14:33] Bruce, Yes.
[14:33] Ty
[14:33] well there is the issue that there maybe some further consensus bugs dealing with the pruneability of asset transactions that needs to be corrected between 2.0.4 and mainnet. so i would imagine that there will be further revisions required to upgrade before now and october 31
[14:33] @under that is correct.
[14:34] I would highly recommend bumping the semver up to 3.0.0 for the final pre 31st release so that the public know to definitely upgrade
[14:34] @under +1
[14:35] out of curiosity, have there been many bugs found with the assets from the version released in july for testnet (2.0.3) until this version? or is it solely a change to DGW?
[14:35] <@wolfsokta> That's not a bad idea under.
[14:35] <@spyder_> @under good idea
[14:35] @urgo. Bugs are being found and fixed daily.
[14:35] Any time the protocol needs to change, there would need to be a hard fork (aka upgrade). It is our hope that we can activate feature forks through the BIP process (as we are doing for assets). Mining pools and exchanges will need to be on the newest software at the point of asset activation - should the mining hash power vote for assets.
[14:35] blondfrogs: gotcha
[14:35] There have been bugs found (and fixed). Testing continues. We appreciate all the bug reports you can give us.
[14:36] <@wolfsokta> Yes! Thank you all for your help in the community.
[14:37] (pull requests with fixes and test coverage would be even better!)
[14:37] asset creation collision is another major issue. current unfair advantage or nodes that fore connect to mining pools will have network topologies that guarantee acceptance. I had discussed the possibility of fee based asset creation selection and i feel that would be a more equal playing ground for all users
[14:38] *of nodes that force
[14:38] <@wolfsokta> What cfox said, we will always welcome development help.
[14:38] So just to make sure everyone know. When assets is ready to go live on oct 31st. Everyone that wants to be on the assets chain without any problems will have to download the new binary.
[14:39] <@wolfsokta> The latest binary.
[14:39] under: already in the works
[14:39] excellent to hear
[14:39] == UserJonPizza [[email protected]/web/freenode/ip.24.218.60.237] has joined #ravencoin-dev
[14:39] <@wolfsokta> Okay, we've spent a bunch of time on that topic and I think it was needed. Does anybody have any other suggestions on how to get the word out even more?
[14:40] maybe preface all 2.0.X releases as pre-releases... minimize the number of releases between now and 3.0 etc
[14:41] <@wolfsokta> Bruce_ let's discuss further offline.
[14:41] wolfsokta: which are the remaining two pools that need to be upgraded? I've identified qbtc, upbit, and cryptobridge as high volume exchanges that haven't said they were going to do it yet
[14:41] so people can help reach out to them
[14:41] f2pool is notoriously hard to contact
[14:41] are they on board?
[14:42] <@wolfsokta> We could use help reaching out to QBTC and Graviex
[14:42] I can try to contact CB if you want?
[14:42] <@Chatturga> The remaining pools are Ravenminer and PickAxePro.
[14:42] <@Chatturga> I have spoken with their operators, the update just hasnt been applied yet.
[14:42] ravenminer is one of the largest ones too. If they don't upgrade that will be a problem
[14:42] okay good news
[14:42] (PickAxePro sounds like a Ruby book)
[14:43] I strongly feel like getting the word out on ravencoin.org would be beneficial
[14:44] that site is sorely in need of active contribution
[14:44] Anyone can volunteer to contribute
[14:44] <@wolfsokta> Okay, cfox can you talk about the status of unique assets?
[14:44] sure
[14:45] <@wolfsokta> I'll add website to the end of our topics.
[14:45] code is in review and will be on the development branch shortly
[14:45] would it make sense to have a page on the wiki (or somewhere else) that lists the wallet versions run by pools & exchanges?
[14:45] will be in next release
[14:45] furthermore, many sites have friendly link to the standard installers for each platform, if the site linked to the primary installers for each platform to reduce github newb confusion that would be good as well
[14:46] likely to a testnetv5 although that isn't settled
[14:46] <@wolfsokta> Thanks cfox.
[14:46] <@wolfsokta> Are there any questions about unique assets, and how they work?
[14:47] after the # are there any charachters you cant use?
[14:47] will unique assets be constrained by the asset alphanumeric set?
[14:47] ^
[14:47] <@Chatturga> @Urgo there is a page that tracks and shows if they have updated, but it currently doesnt show the actual version that they are on.
[14:47] a-z A-Z 0-9
[14:47] <@Chatturga> https://raven.wiki/wiki/Exchange_notifications#Pools
[14:47] There are a few. Mostly ones that mess with command-line
[14:47] you'll be able to use rpc to do "issueunique MATRIX ['Neo','Tank','Tank Brother']" and it will create three assets for you (MATRIX#Neo, etc.)
[14:47] @cfox - No space
[14:48] @under the unique tags have an expanded set of characters allowed
[14:48] Chatturga: thank you
[14:48] @UJP yes there are some you can't use -- I'll try to post gimmie a sec..
[14:49] Ok. Thank you much!
[14:49] 36^36 assets possible and 62^62 uniques available per asset?
[14:49] <@spyder_> std::regex UNIQUE_TAG_CHARACTERS("^[[email protected]$%&*()[\\]{}<>_.;?\\\\:]+$");
[14:50] regex UNIQUE_TAG_CHARACTERS("^[[email protected]$%&*()[\\]{}<>_.;?\\\\:]+$")
[14:50] oh thanks Mark
[14:51] <@wolfsokta> Okay, next up. I want to thank everybody for helping test the iOS wallet release.
[14:51] <@wolfsokta> We are working with Apple to get the final approval to post it to the App Store
[14:51] @under max asset length is 30, including unique tag
[14:51] Does the RVN wallet have any other cryptos or just RVN?
[14:52] == BruceFenton [[email protected]/web/freenode/ip.67.189.233.170] has joined #ravencoin-dev
[14:52] will the android and ios source be migrated to the ravenproject github?
[14:52] I've been adding beta test users. I've added about 80 new users in the last few days.
[14:52] <@wolfsokta> Just RVN, and we want to focus on adding the asset support to the wallet.
[14:53] == Bruce_ [[email protected]/web/freenode/ip.67.189.233.170] has quit [Ping timeout: 252 seconds]
[14:53] <@wolfsokta> Yes, the code will also be freely available on GitHub for both iOS and Android. Thank you Roshii!
[14:53] Would you consider the iOS wallet to be a more secure place for one's holdings than say, a Mac connected to the internet?
[14:53] will there be a chance of a more user freindly wallet with better graphics like the iOS on PC?
[14:53] the android wallet is getting updated for DGW, correct?
[14:53] <@wolfsokta> That has come up in our discussion Pizza.
[14:54] QT framework is pretty well baked in and is cross platform. if we get some qt gurus possibly
[14:54] Phones are pretty good because the wallet we forked uses the TPM from modern phones.
[14:54] Most important is to write down and safely store your 12 word seed.
[14:54] TPM?
[14:54] <@wolfsokta> A user friendly wallet is one of our main goals.
[14:55] TPM == Trusted Platform Module
[14:55] Ahhh thanks
[14:55] just please no electron apps. they are full of security holes
[14:55] <@spyder_> It is whats makes your stuffs secure
[14:55] not fit for crypto
[14:55] under: depends on who makes it
[14:55] The interface screenshots I've seen look like Bread/Loaf wallet ... I assume that's what was forked from
[14:55] ;)
[14:56] <@wolfsokta> @roshii did you see the question about the Android wallet and DGW?
[14:56] Yes, it was a fork of breadwallet. We like their security.
[14:56] chromium 58 is the last bundled electron engine and has every vuln documented online by google. so unless you patch every vuln.... methinks not
[14:56] Agreed, great choice
[14:57] <@wolfsokta> @Under, what was your proposal?
[14:58] All asset creation Transactions have a mandatory OP_CHECKLOCKTIMEVERIFY of 1 year(or some agreed upon time interval), and the 500 RVN goes to a multisig devfund, run by a custodial group. We get: 1) an artificial temporary burn, 2) sustainable community and core development funding for the long term, after OSTK/Medici 3) and the reintroduction of RVN supply at a fixed schedule, enabling the removal of the 42k max cap of total As
[14:58] *im wrong on the 42k figure
[14:58] <@wolfsokta> Interesting...
[14:59] <@wolfsokta> Love to hear others thoughts.
[14:59] Update: I posted a message on the CryptoBridge discord and one of their support members @stepollo#6276 said he believes the coin team is already aware of the fork but he would forward the message about the fork over to them right now anyway
[14:59] Ifs 42 million assets
[14:59] yep.
[15:00] I have a different Idea. If the 500 RVN goes to a dev fund its more centralized. The 500 RVN should go back into the unmined coins so miners can stay for longer.
[15:01] *without a hardfork
[15:01] <@wolfsokta> lol
[15:01] that breaks halving schedule, since utxos cant return to an unmined state.
[15:01] @UJP back into coinbase is interesting. would have to think about how that effects distribution schedule, etc.
[15:01] only way to do that would be to dynamicaly grow max supply
[15:02] and i am concerned already about the max safe integer on various platforms at 21 billion
[15:02] js chokes on ravencoin already
[15:02] <@wolfsokta> Other thoughts on Under's proposal? JS isn't a real language. ;)
[15:02] Well Bitcoin has more than 21 bn Sats
[15:02] Is there somebody who wants to volunteer to fix js.
[15:02] hahaha
[15:03] I honestly would hate for the coins to go to a dev fund. It doesn't seem like Ravencoin to me.
[15:03] Yep, but we're 21 billion x 100,000,000 -- Fits fine in a 64-bit integer, but problematic for some languages.
[15:03] <@wolfsokta> Thanks UJP
[15:04] <@wolfsokta> We're past time but I would like to continue if you folks are up for it.
[15:04] Yeah no coins can go anywhere centrality contorted like a dev fund cause that would mean someone has to run it and the code can’t decide that so it’s destined to break
[15:05] currently and long term with out the financial backing of development then improvements and features will be difficult. we are certainly thankful for our current development model. but if a skunkworks project hits a particular baseline of profitability any reasonable company would terminate it
[15:05] Yes let’s contibue for sure
[15:05] the alternative to a dev fund in my mind would be timelocking those funds back to the issuers change address
[15:06] But we can’t have dev built in to the code — it has to be open source like Bitcoin and monero and Litecoin - it’s got drawbacks but way more advantages- it’s the best model
[15:06] Dev funding
[15:06] i highly reccommend not reducing the utility of raven by removing permanently the supply
[15:07] == BW_ [[email protected]/web/freenode/ip.138.68.243.202] has joined #ravencoin-dev
[15:07] timelocking those funds accompllishes the same sacrifice
[15:07] @under timelocking is interesting too
[15:07] How exactly does timelocking work?
[15:07] <@wolfsokta> ^
[15:07] I mean you could change the price of assets with the Block reward halfing.
[15:07] == Roshiix [[email protected]/web/freenode/ip.105.67.2.212] has joined #ravencoin-dev
[15:08] funds cant be spent from an address until a certain time passes
[15:08] but in a what magical fairy land do people continue to work for free forever. funding development is a real issue... as much as some might philosphically disagree. its a reality
[15:08] You’d still need a centralized party to decide how to distribute the funds
[15:08] even unofficially blockstream supports bitcoin devs
[15:08] on chain is more transparent imho
[15:09] == Tron_ [[email protected]/web/freenode/ip.173.241.144.77] has joined #ravencoin-dev
[15:09] @UJP yes there are unlimited strategies. one factor that I think is v important is giving application developers a way to easily budget for projects which leads to flat fees
[15:09] If the project is a success like many of believe it will be, I believe plenty of people will gladly done to a dev fund. I don't think the 500 should be burned.
[15:09] *donate
[15:09] centralized conservatorship, directed by community voting process
[15:10] == Tron [[email protected]/web/freenode/ip.173.241.144.77] has quit [Ping timeout: 252 seconds]
[15:10] <@wolfsokta> Thanks Under, that's an interesting idea that we should continue to discuss in the community. You also mentioned the existing website.
[15:10] It would need to be something where everyone with a QT has a vote
[15:10] think his computer went to sleep again :-/
[15:10] I agree UJP
[15:10] with the website
[15:10] No that’s ico jargon — any development fund tied to code would have to be centralized and would therefor fail
[15:11] ^
[15:11] ^
[15:11] ^
[15:11] dashes model for funding seems to be pretty decentralized
[15:11] community voting etc
[15:11] Once you have a dev fund tied to code then who gets to run it? Who mediates disputes?
[15:11] oh well another discussion
[15:11] Dash has a CEO
[15:12] <@wolfsokta> Yeah, let's keep discussing in the community spaces.
[15:12] Dash does have a good model. It's in my top ten.
[15:12] having the burn go to a dev fund is absolute garbage
[15:12] These dev chats should be more target than broad general discussions — changing the entire nature of the coin and it’s economics is best discussed in the RIPs or other means
[15:13] <@wolfsokta> Yup, let's move on.
[15:13] just becuase existing implementation are garbage doesnt mean that all possible future governance options are garbage
[15:13] <@wolfsokta> To discussing the website scenario mentioned by under.
[15:13] the website needs work. would be best if it could be migrated to github as well.
[15:13] What about this: Anyone can issue a vote once the voting feature has been added, for a cost. The vote would be what the coins could be used for.
[15:14] features for the site that need work are more user friendly links to binaries
[15:14] <@wolfsokta> We investigated how bitcoin has their website in Github to make it easy for contributors to jump in.
[15:14] that means active maintenance of the site instead of its current static nature
[15:15] <@wolfsokta> I really like how it's static html, which makes it super simple to host/make changes.
[15:15] the static nature isn’t due to interface it’s due to no contributors
[15:15] no contribution mechanism has been offered
[15:15] github hosted would allow that
[15:16] We used to run the Bitcoin website from the foundation & the GitHub integration seemed to cause some issues
[15:16] its doesnt necessarily have to be hosted by github but the page source should be on github and contributions could easily be managed and tracked
[15:17] for example when a new release is dropped, the ability for the downlaods section to have platform specific easy links to the general installers is far better for general adoption than pointing users to github releases
[15:18] <@wolfsokta> How do people currently contribute to the existing website?
[15:18] they dont?
[15:18] We did that and it was a complete pain to host and keep working — if someone wants to volunteer to do that work hey can surely make the website better and continually updated — but they could do that in Wordpress also
[15:19] I’d say keep an eye out for volunteers and maybe we can get a group together who can improve the site
[15:19] == digitalvap0r-xmr [[email protected]/web/cgi-irc/kiwiirc.com/ip.67.255.25.134] has joined #ravencoin-dev
[15:19] And they can decide best method
[15:20] I host the source for the explorer on github and anyone can spin it up instantly on a basic aws node. changes can be made to interface etc, and allow for multilingual translations which have been offered by some community members
[15:20] there are models that work. just saying it should be looked at
[15:20] i gotta run thank you all for your contributions
[15:20] <@wolfsokta> I feel we should explore the source for the website being hosted in GitHub and discuss in our next dev meeting.
[15:21] <@Chatturga> Thanks Under!
[15:21] == under [[email protected]/web/freenode/ip.72.200.168.56] has quit [Quit: Page closed]
[15:21] <@wolfsokta> Thanks, we also need to drop soon.
[15:21] There is no official site so why care. Someone will do better than the next if RVN is worth it anyway. That's already the case.
[15:21] <@wolfsokta> Let's do 10 mins of open Q&A
[15:22] <@wolfsokta> Go...
[15:23] <@Chatturga> Beuller?
[15:24] No questions ... just a comment that the devs and community are great and I'm happy to be a part of it
[15:24] I think everyone moved to discord. I'll throw this out there. How confident is the dev team that things will be ready for oct 31st?
[15:24] <@wolfsokta> Alright! Thanks everybody for joining us today. Let's plan to get back together as a dev group in a couple of weeks.
[15:25] thanks block!
[15:25] <@wolfsokta> Urgo, very confident
[15:25] Please exclude trolls from discord who havent read the whitepaper
[15:25] great :)
[15:25] "things" will be ready..
[15:25] Next time on discord right?
[15:25] woah why discord?
[15:25] some of the suggestions here are horrid
[15:25] this is better less point
[15:25] == blondfrogs [[email protected]/web/freenode/ip.185.245.87.219] has quit [Quit: Page closed]
[15:25] Assets are working well on testnet. Plan is to get as much as we can safely test by Sept 30 -- this includes dev contributions. Oct will be heavy testing and making sure it is safe.
[15:26] people
[15:26] <@wolfsokta> Planning on same time, same IRC channel.
[15:26] == BW_ [[email protected]/web/freenode/ip.138.68.243.202] has quit [Quit: Page closed]
[15:26] @xmr any in particular?
[15:27] (or is "here" discord?)
[15:27] Cheers - Tron
[15:27] "Cheers - Tron" - Tron
submitted by Chatturga to Ravencoin [link] [comments]

A long term outlook at the Dogecoin economy and currency (intro & pt 1 - mining power and a 51% attack) [meta]

Dogecoin is awesome. Dogecoin is too the moon!
But like any moon mission, it's worth asking the question what can go wrong on the way there. What stakeholders exist in the Dogecoin economy, what outcomes are possible in Dogecoin's journey, and how those outcomes could affect the behavior of the stakeholders.
This post is designed to encourage you to ask questions about every aspect of how Dogecoin functions. I do not intend this as investment advice in any sense of the word and have worked hard to avoid any discussion about what will happen to the price of dogecoin in the future.
In this post I will outline the stakeholders, outline the factors that affect the currency, and address the question of how Hashrate is related to miners decisions, and how it protects Dogecoin from a 51% attack
A few of the key facts I'll discuss:
Disclosure: I own a small amount of Dogecoin and Bitcoin (less than $100 in total at current market value) It's purely for entertainment and research purposes.
At the moment, I see the following people in the Dogecoin community:
  1. Long term investors (individuals holding Dogecoin either as a store of value or an investment opportunity)
  2. Short term investors (individuals holding Dogecoin as an investment opportunity)
  3. Professional Dogecoin miners (individuals choosing to mine Dogecoin rather than other Scrypt based coins, motivated by income)
  4. Community Dogecoin miners (individuals choosing to mine Dogecoin because they like Dogecoin, not motivated by income)
  5. Dogecoin buyers and sellers (individuals using dogecoin as a short term medium of exchange)
  6. Dogecoin community members (individuals holding Dogecoin for fun and/or using it for non-monetary compensation {irrelevant of market value}
  7. Dogecoin developers (Individuals who will decide what changes are made to the Dogecoin protocol {some of which may affect market behavior})
It's important to note that individuals in the community can be in more than one category (someone who holds dogecoin for short term investment can also buy and sell dogecoin on the market)
Variables which can affect the above stakeholders:
A. The average (and future) mining reward from a block of Dogecoin per kilohash hour. (How much can I make mining Dogecoin, what will Dogecoin inflation look like)
B. The total mining power (in GH) focused on Dogecoin vs other Scrypt coins (the more distributed miners, the safer the blockchain)
C. The price of Dogecoin/Market Cap (to determine if Dogecoin is worth mining)
D. The market perception about the future price of Dogecoin (to determine if Dogecoin is worth holding/spending and worth mining) {this is harder to quantify}
E. The Transaction volume of Dogecoin (to determine the community interest in the currency)
F. The reliability of Fiat to Dogecoin exchanges and Crypto to Dogecoin Exchanges (to facilitate an efficient/accurate market price for Dogecoin)
G. The speed of Dogecoin conversion into fiat (for instant transactions by merchants)
H. The development pipeline for new Dogecoin compatible mining hardware (how far off are ASICs for Scrypt)
As I see it, there's one major outcome that affects the entire community equally.
A 51% attack on Dogecoin would be of massive adverse value to everyone (except the individuals perpetrating the attack). If Dogecoin's blockchain was corrupted, It would cease to function as a useful medium of exchange and as a store of value. Miners would leave because the value would plummet from it not being trusted. Short term investors would dump their holdings as they started to lose value. Long term investors would do the same.
The currency would die.
How does one prevent a 51% attack? Have a large total mining hashrate in the hands of a diverse number of miners. If the cost of running a 51% attack is so high it's not worth the money, it won't happen.
This leads to a fundamental question: what keeps people mining Dogecoin?
Dogecoin miners are separated into two groups (as mentioned above), Professional miners who will go where they can make the most money, and amateur miners who will mine Dogecoin because they like the currency.
From a community health perspective, the professional miners are the main concern (with a few caveats). If professional miners leave, that affects trust in Dogecoin.
So what keeps them mining for us? There are two major Scrypt based cryptos out right now, Litecoin and Dogecoin, and the community, as of this writing, is essentially split 50/50 is split 55/45 in favor of Dogecoin.
What this reflects is that miners expect to make more money mining Dogecoin than litecoin. Since an efficient market exists for trading Litecoin into Bitcoin and Dogecoin into Bitcoin, it seems to this author that value should be assessed in terms of current actual value (that miners choose what coin to mine based on how much they can sell it for today)
Since two large scale profitable currencies exist (LTE and DOGE) miners are going to choose the more profitable up until the point where the two converge. This depends on three variables:
Difficulty, total hash rate, and average reward.
As of Jan 23, DOGE is a little over twice as profitable as LTC.
This is what has prompted the major switch of the past few days.
I need help modeling is how much total value comes from LTC and how much from DOGE (essentially, if I owned the entire mining pool and split my work equally, how much could I make from each currency?)
At some point, enough miners will leave LTC that it's difficulty will drop. Assuming LTC retains its value (in fiat), falling difficulty will make it more profitable. Eventually, its profitability will once again match that of Dogecoin, and miners will stop leaving LTC for DOGE.
The problem is that as miners leave, it is possible that the currency value will drop as well.
On Jan 20, LTC had a 115GH rate, Doge had 57GH. Doge was trading at .00003 LTC. On Jan 23, Doge had 95, LTC had 75, and Doge more than doubled in price to .0000675. (Litecoin has also dropped about $1 (~5%) in value in USD over the same period.)
This is likely why even though Dogecoin has more miners than LTC, Litecoin is still less profitable for Miners (at this precise moment). Dogecoin has increased in currency value more than it has decreased in mining value.
Thus, the fundamental question is what kind of change is required in the price of DOGE/LTC and what hashing ratio will LTC and DOGE settle on based on their current price. It's important to remember that LTC has not dropped in value significantly, Doge has simply rose dramatically.
Fundamentally, as long as LTC has some value, it will have some percentage of Scrypt hashing power devoted to it. The same is true for Doge. So as long as people still want both currencies to some degree, mining power will be split. *Depending on that split, Dogecoin will be safe if it has enough mining power to prevent a malicious third party, and if that mining power remains in the hands of a diverse group of DOGE mining pools. *
My next post will address the different needs of the Long term investor, the short term investor, and the casual owner. (Some want a long term stable currency, some want a dramatic increase in price (even if it hurts the currency long term)
Please feel free to leave comments about anything you disagree with, any changes I should make, any thoughts about other factors that could affect the health of the currency, any other subjects you'd like to see explored. Thanks!
submitted by harddata to dogecoin [link] [comments]

Cryptocurrency Market Evolution

I'd like to publicly make a prediction about the evolution of cryptocurrencies which I believe we are seeing the first iteration of played out now.
First, I believe that a system of multiple cryptocoins will improve the overall health and security of cryptocoins as a whole. Issues with a single currency which impede their reliability temporarily will not affect the efficient flow of the market if multiple chains are in wide use.
Second, I believe that the key differentiating factor of the chains that predominate will be their proof of work algorithm. I expect this because as high-efficiency hardware is produced for a chain (e.g. purpose-built FPGAs and ASICs), general purpose computing miners (those using CPU and/or GPU) will look to use their general purpose hardware on a new chain which doesn't yet have purpose-built hardware ready for its proof of work algorithm. This will be because mining against ASICs leads to CPU/GPU mining being completely unprofitable.
Once interest in the newest chain reaches a critical mass, a hardware team will develop new hardware for that chain's proof of work algorithm. The critical mass will be proportionate to the difficulty of creating efficient hardware for the algorithm and to the efficiency gain that is expected to be able to be made by the purpose-built hardware.
This will continue until there is a chain built on an algorithm which can barely be made more efficient through an ASIC. Then all CPU/GPU mining will be done on that chain indefinitely.
Of currently available and used algorithms, I see Scrypt as the leader as it is widely reputed to be costly to create an FPGA or ASIC for it. In the next few months we should see all CPU/GPU mining move to Scrypt as ASICs begin displacing SHA256 GPU miners.
I'm not naming any chains to avoid any flaming, as I intend this to be a general purpose long-term prediction that's not tied up in allegiance to any name.
If this prediction leads you to great fortune in the future, please come back here and say thanks.
EDIT: In my conversation with Julian702 below I covered the key points of not just why this pattern will play out, but actually why it is beneficial to cryptocurrencies in general, including Bitcoin. Specifically:
EDIT TWO: I posted a new revelation about ASIC resistance (and some more insights into the general future of cryptocurrencies) here: http://www.reddit.com/Bitcoin/comments/1b5e3f/the_future_of_cryptocurrencies_long_term/
submitted by Normif to Bitcoin [link] [comments]

Bitcoin basics: What is the difficulty target and how does it adjust itself? Mining FUD! Wie sieht es wirklich aus? Preis, Hashrate und Difficulty. CryptoCurrency Mining Difficulty Log Jan 21 2020 Hash Rates of Difficulty Mining Bitcoin BTC at Home is NOT PROFITABLE  Network ... BITCOIN DIFFICULTY ADJUSTMENT  Satoshi Nakamoto's Wallet  Market Analysis and Bitcoin News

Mining difficulty refers to how difficult it is to mine a Bitcoin block. Technically, it means how much computing power is needed to find a hash within the block target (10 minutes). To keep the rate of confirming blocks at 10 minutes, every 2,016th block (approximately every two weeks) the mining difficulty is adjusted, along with the overall hash rate. As the rate increases, so does the ... What does it mean for the health of the network and the price? Bitcoin mining in a nutshell. In order to understand the hash rate and its functions, you first need a basic understanding of Bitcoin mining. Bitcoin mining is a computerised process with three main functions: Issue new Bitcoins; Confirm transactions; Ensure the Bitcoin network remains secure . Where fiat currencies are issued by ... Generally speaking, as hash rate increase, so does Bitcoin’s mining difficulty, but that’s a topic for another day. Published August 5, 2019 — 14:00 UTC Matthew Beedham Bitcoin mining difficulty – a measure of how hard it is to compete for mining rewards on the world’s first blockchain network – has posted its largest two-week increase in 12 months. According to BTC.com data, mining difficulty reached 9.06 trillion (T) at block height 584,640 around 9:17 UTC on July 9, surpassing the previous record of […] Bitcoin's mining difficulty and hash rate has fallen substantially overnight, prompting concern among investors and traders. According to data from Coin Dance, Bitcoin's hash rate has plunged from ...

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Bitcoin basics: What is the difficulty target and how does it adjust itself?

Video guide/tutorial showing how to start Bitcoin mining with https://www.hashgains.com Learn how you can earn bitcoin using HashGains mining plans. #Mining #Ethereum #Cryptocurrency Welcome to the 11th episode of CCMDL , January 21 2020 We go over talk a little about the difficulty of Ethereum , Bitcoin, Monero & LiteCoins difficulty for ... Fundamental sieht die Kryptowelt so gut aus wie noch nie. Viel wird entwickelt und steht vor der Fertigstellung. Die Letzte Ethereum Konferenz Devcon4, hat klar gezeigt, wo es hingehen kann und ... Live Bitcoin Trading With Crypto Trading Robot DeriBot on Deribit DeriBot Alternative channel 932 watching Live now Crypto Mining Difficulty 101 - Everything You Need to Know - Duration: 18:40. This usually relates to the difficulty of generating a new hash address, also known as mining. This is a variable that the Bitcoin system is using to keep the growth of new Bitcoins on a ...

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