Transcript of how Philip the tyrant admin of the Bitcoin Cash Telegram group called Spoice stupid, an idiot, a parrot among other insults then banned her instead of discussing Bitcoin Cash. That Telegram group is hostile, ABC/IFP shills run and follows the rBitcoin toxic censorship modus operandi.
David B., [18.10.20 01:46] https://www.reddit.com/btc/comments/jdagi3/whats_up_with_the_bchn_hypocrisy/ David B., [18.10.20 01:47] Wut x2 J Stodd, [18.10.20 01:49] [In reply to David B.] Their words are meaningless. They have no principles. Wish i could comment but bitcoinxio banned me from rbtc and never told me why David B., [18.10.20 01:59] These comments are so toxic Spoice, [18.10.20 01:59] In reality, the real continuation of Bitcoin as we all know it is what is carried on by BCHN, BU, BCHD and others Spoice, [18.10.20 02:00] ABC is changing the rules to something that is not Bitcoin Spoice, [18.10.20 02:00] anyone denying those facts is selling you snake oil Spoice, [18.10.20 02:00] If Blockstream tried to take some % to their own benefit, we would have never needed BCH in the first place Spoice, [18.10.20 02:00] everyone would have rejected them in a second J Stodd, [18.10.20 02:01] [In reply to Spoice] Bitcoin Cash is not Bitcoin to start with, so who cares? David B., [18.10.20 02:01] [ Album ] Spoice, [18.10.20 02:01] yet we have ABC trying to pull this theft and all those puppets think it's ok Spoice, [18.10.20 02:01] JSTodd that's bullshit David B., [18.10.20 02:01] Like trying to talk to a core maxi about altcoins Spoice, [18.10.20 02:01] Bitcoin Cash is the most Bitcoin out of all Bitcoins Spoice, [18.10.20 02:01] it is the continuation of what Satoshi started David B., [18.10.20 02:02] Tbh they aren't even toxic Michael Nunzio, [18.10.20 02:02] [In reply to Spoice] If the hash follows then it is Bitcoin Cash. Only if it doesn't is your claim true J Stodd, [18.10.20 02:03] [In reply to Spoice] Bitcoin is Bitcoin. Bitcoin failed to be Peer to Peer Cash, so Bitcoin Cash attempted to fix this by forking Bitcoin and attacking the root of the problem. This does not mean Bitcoin Cash is literally Bitcoin. Adopt a different argument. Sorry if you bought into that bc of Rogers rantings J Stodd, [18.10.20 02:05] Bitcoin Cash can replace Bitcoin, and if Bitcoin dies and BCH wins then sure maybe it can take its name from its grave, but they are different products, trying to say Bitcoin stopped being "Bitcoin" and became BCH is a self contradiction. Jingles, [18.10.20 02:08] Jstodd's got some good points. Jingles, [18.10.20 02:08] He's learnt so much in the last year ☺️ Spoice, [18.10.20 02:08] "Bitcoin is Bitcoin" is a false statement. BTC is just an instance of Bitcoin. Bitcoin is the set of rules defined in the whitepaper first and foremost, it is peer to peer electronic cash. BTC no longer fits that criteria. Bitcoin Cash meets them. The fork proposed by ABC also fails to meet that criteria. Therefore the continuation of Bitcoin is in whatever BU, BCHN, Flowee and others will continue. Jingles, [18.10.20 02:09] What rules were defined in the WP? Spoice, [18.10.20 02:10] Let's see which rules aren't: 1) No coinbase tax going to any centralized entity such as ABC 2) No throttling of TX throughput such as BTC Spoice, [18.10.20 02:10] therefore they both fail the simple "Is this Bitcoin?" test Spoice, [18.10.20 02:11] Finally, Michael, if you think Hash rate defines what Bitcoin is, you should stick to BTC Jingles, [18.10.20 02:11] 21 million coins isn't in the WP Jingles, [18.10.20 02:11] I asked what rules did the WP define. Spoice, [18.10.20 02:12] Because BCH failed that criteria since it forked, therefore your point is wrong Spoice, [18.10.20 02:12] https://www.metzdowd.com/pipermail/cryptography/2009-January/014994.html Spoice, [18.10.20 02:12] The announcement of the white paper included the 21 million limit, close enough Jingles, [18.10.20 02:12] HIs announcement isn't the WP Spoice, [18.10.20 02:12] show me where Satoshi said that Amaury shoudl tax the chain? Spoice, [18.10.20 02:12] Doesn't matter- close enough Jingles, [18.10.20 02:12] Bitcoin is the set of rules defined in the whitepaper first and foremost - You Jingles, [18.10.20 02:13] My ears pricked up on that comment, so I'm asking you what you meant. Spoice, [18.10.20 02:13] Correct. Changing the 21 million hard limit is still more Bitcoin than taxing the Coinbase, yet both will never ever happen. Not to Bitcoin anyway Jingles, [18.10.20 02:13] If you meant Satoj's writings pre and post WP then you should be clear about it Spoice, [18.10.20 02:13] some bastardized chain might, just not Bitcoin Jingles, [18.10.20 02:14] The closest we have to anything to indicate what is "Bitcoiness" is general things like "the longest chain" Spoice, [18.10.20 02:14] No, it is never a single thing David B., [18.10.20 02:15] REEEE Jingles, [18.10.20 02:15] trustless, no single trusted third parties, and rules can change due to incentives via consensus Spoice, [18.10.20 02:15] it is a set of common sense and experiment driven and historical relevance and initial parameters and "peer to peer electronic cash" definition indicators Spoice, [18.10.20 02:15] never a single thing Jingles, [18.10.20 02:16] [In reply to Spoice] This is like the exact opposite of what you said earlier Jingles, [18.10.20 02:16] Bitcoin is defined by the rules in the WP, I mean common sense. Jingles, [18.10.20 02:16] 🤷♂️ Spoice, [18.10.20 02:16] Nope, the rule set is defined in the white paper should never change, but I never said all rules are defined in the white paper Jingles, [18.10.20 02:16] What rules? Spoice, [18.10.20 02:16] It is a union Jingles, [18.10.20 02:17] What rules are there? Spoice, [18.10.20 02:17] Rules in the white paper + what continued to define Bitcoin thereafter J Stodd, [18.10.20 02:17] [In reply to Spoice] > "Bitcoin is Bitcoin is a false statement." Alas, if we cannot agree on the law of identity, aka A=A, then i dont understand how to hold a conversation with you using logic. > BTC is an instance of Bitcoin No, BTC is a ticker used optionally by exchanges. Other common tickers for bitcoin include XBC, XBT, BC (correct me if im wrong on any of these) > "Bitcoin is a set of rules in the whitepaper" Super hard to defend this. Theres no mention of a 21M supply cap, no blocksize limit *at all*, and it also says additional rules and incentives can be enforced (implying maybe they should). Jingles, [18.10.20 02:17] I go through this with BSVers all the time. We have no spec sheet of rules defining what Bitcoin is from Satoshi. Spoice, [18.10.20 02:18] Rules such as what defines a correct block, miners receiving the full incentive of mining it, etc Jingles, [18.10.20 02:18] The WP is a highlevel document Spoice, [18.10.20 02:18] The WP is a description of a scientific experiment Spoice, [18.10.20 02:18] if you want to start your own experiment, be my guest Jingles, [18.10.20 02:18] [In reply to Spoice] Valid tx rules aren't defined in the WP Spoice, [18.10.20 02:18] just don't try to call it Bitcoin Jingles, [18.10.20 02:19] The word majority is in the WP an awful lot wouldn't you say? Spoice, [18.10.20 02:19] Not valid TX rules, but what a proof of work block is and how it diverts the reward to the miner, etc Jingles, [18.10.20 02:20] [In reply to Spoice] and? what about BTC doesn't apply? Jingles, [18.10.20 02:20] I'm not arguing for any fork of BCH here. Spoice, [18.10.20 02:20] It no longer meets the very title of the white paper experiment, "Peer to peer electronic cash" Spoice, [18.10.20 02:20] The BTC instance of the experiment is destined to move away from the very title of the white paper Jingles, [18.10.20 02:20] It's electronic, and I use it like cash. Spoice, [18.10.20 02:20] that the maintainers even wanted to edit the white paper (Cobra and co) because of this fact J Stodd, [18.10.20 02:20] u/Spoice When did BTC stop being Bitcoin in your view? The day Amaury decided to launch the fork, before Segwit happened? If someone else launched a fork first, they would have been "the real bitcoin"? This is a game of whoever forks first becomes the real Bitcoin? What if two people launched a fork at the exact same time, maybe even with identical specs? Jingles, [18.10.20 02:21] Where did I go wrong? Jingles, [18.10.20 02:21] [In reply to Spoice] Did they? Spoice, [18.10.20 02:21] Doesn't matter if you use it today, its very technical fabric will have to move your transactions to 2nd layers and it will no longer be peer to peer electronic cash on chain Jingles, [18.10.20 02:21] peer to peer electronic cash on chain - Not in the wp Jingles, [18.10.20 02:22] We have satoj talking about HFT with sidechannels. Jingles, [18.10.20 02:22] So what? Jingles, [18.10.20 02:23] I think this is a good discussion Phil, nothing disrespectful is being said. I hope this is ok? Spoice, [18.10.20 02:23] Doesn't matter, the rule of common sense, which is closer to that title? Increasing a simple variable (Blocksize) to stay on track of the title and experiment, or introduce IOUs and Watchtowers and channels and locked BTC and that whole LN Bastardization? Which is close to the title? Jingles, [18.10.20 02:23] No one said that can't happen Michael Nunzio, [18.10.20 02:24] [In reply to Spoice] Congratulations you've made an argument which isn't an argument. Jingles, [18.10.20 02:25] The whole thing that was said was the system is based on majority rules, and incentives can be changed. Majority breaks any deadlock. David B., [18.10.20 02:25] How to kill a coin 101 Spoice, [18.10.20 02:25] Logic fails anyone who tries to claim BTC, ABC, BSV or any similar standalone experiments as Bitcoin, because of simple sanity checks and logic checks, often stemming out of common sense - If what you have moves you a single step away from what is otherwise the same old experiment which Satoshi wrote about and unleashed, you're not Bitcoin. If what you have moves you a step closer, it is Bitcoin. and so on and so forth. Phlip - Not giving away coins, [18.10.20 02:25] Wow, really fanatical almost religious statements. I guess its Sunday morning. Jingles, [18.10.20 02:27] [In reply to Spoice] There's nothing common about common sense. You point to the WP to make a point, and your point isn't in there. Spoice, [18.10.20 02:27] Throttled and you need off-chain IOUs and always-on services to function (BTC) ? Not Bitcoin. Requires permission to be used and could be centrally confiscated on the whim of the organization behind it (BSV)? Not Bitcoin. Premined (Bitcoin Gold, Diamond)? Not Bitcoin. Taxing the miners through Coinbase and changing the incentives which were at play since day 0 (ABC)? Not Bitcoin Spoice, [18.10.20 02:27] simple checks really, yet those who are set to benefit will of course be oblivious to these Phlip - Not giving away coins, [18.10.20 02:28] This whole “Bitcoin Cash is the true Bitcoin - see whitepaper” is really stupid. It also ignores the history of how Bitcoin Cash came into existence Jingles, [18.10.20 02:28] Phillip, remove anyone here that has said Bitcoin Gold was the original Bitcoin immediately Jingles, [18.10.20 02:28] ^^^^ Jingles, [18.10.20 02:29] [In reply to Phlip - Not giving away coins] It falls to pieces the moment it's questioned. Spoice, [18.10.20 02:29] It is not about "True" Bitcoin Spoice, [18.10.20 02:30] It is about the Bitcoin closest to the experiment which always was Spoice, [18.10.20 02:30] I don't care about "True" or not, they all are true Phlip - Not giving away coins, [18.10.20 02:30] [In reply to Jingles] Sorry, I hve stopped reading all the sillyness above. Will reread later Jingles, [18.10.20 02:30] [In reply to Phlip - Not giving away coins] I'm joking around 😂 Spoice, [18.10.20 02:30] but the rule of entropy says I shouldn't place my money nor effort in experiments which are set to fade eventually, because they have skewed incentives Phlip - Not giving away coins, [18.10.20 02:31] [In reply to Spoice] You get to chose that for yourself but you do not get to dictate it for others David B., [18.10.20 02:31] [In reply to Phlip - Not giving away coins] Don't read it. You will have no braincells left Spoice, [18.10.20 02:31] Bitcoin as we know it has a long track record of incentives which work Spoice, [18.10.20 02:31] I won't ever dictate it for others Spoice, [18.10.20 02:31] I only would dictate it for myself, just like how I never use BTC or BSV today, I won't use ABC tomorrow Spoice, [18.10.20 02:32] only because they're new experiments Spoice, [18.10.20 02:32] interesting, and I wish them luck Jingles, [18.10.20 02:32] "Bitcoin is Bitcoin" is a false statement - Spoice 2020 Spoice, [18.10.20 02:32] but I would rather stick to the Bitcoin I know Spoice, [18.10.20 02:32] that's all Jingles, [18.10.20 02:32] I won't ever dictate it for others - Also Spoice Phlip - Not giving away coins, [18.10.20 02:32] Bitcoin Cash came with a plan snd goals. They were clearly presented in two presentations that happened before viabtc announced they would mine with ABC software and create a coin and chain named Bitcoin Cash Spoice, [18.10.20 02:32] Yes, because he means BTC is Bitcoin, and that's a false statement Jingles, [18.10.20 02:32] How is it false? Spoice, [18.10.20 02:32] It is an instance of Bitcoin Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:33] [In reply to Michael Nunzio] you're looking intimidatingly handsome in your new profile picture Phlip - Not giving away coins, [18.10.20 02:33] [In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]] Lol Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:33] [In reply to J Stodd] actually a good question Spoice, [18.10.20 02:34] Anyway, those are my two cents Spoice, [18.10.20 02:34] Everyone is free to choose which experiments to pour their effort on and their money in Phlip - Not giving away coins, [18.10.20 02:34] [In reply to Spoice] You are entitled to your opinion. Spoice, [18.10.20 02:34] Andreas is publishing Lightning Network books, I mean Spoice, [18.10.20 02:34] So to each his own Phlip - Not giving away coins, [18.10.20 02:35] [In reply to Spoice] Lets leave it at that Spoice, [18.10.20 02:35] but Bitcoin as I know it continues with no Tax, and that in my opinion is BCH with no tax Phlip - Not giving away coins, [18.10.20 02:35] Ah you had to continue Phlip - Not giving away coins, [18.10.20 02:36] Good thing no tax is proposed by anyone Spoice, [18.10.20 02:35] Isn't this the Bitcoin Cash telegram? Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:35] 😅 Spoice, [18.10.20 02:36] If I don't discuss Bitcoin Cash here, where should I? Spoice, [18.10.20 02:36] Tax, IFP, call it what you will Spoice, [18.10.20 02:36] from my perspective as a user, it's one the same J Stodd, [18.10.20 02:36] [In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]] I bet nobody will answer it, either Phlip - Not giving away coins, [18.10.20 02:37] [In reply to Spoice] Apparently btc /s David B., [18.10.20 02:37] [In reply to Spoice] As a user what do you care? Jingles, [18.10.20 02:37] Ooh, can I shill the Bitcoin room in here? Spoice, [18.10.20 02:37] Nah, I prefer quick responses and chats Spoice, [18.10.20 02:37] Reddit is broken Phlip - Not giving away coins, [18.10.20 02:37] [In reply to Jingles] Lol J Stodd, [18.10.20 02:37] [In reply to Spoice] Nobody even pays it, it just comes out of the block reward. The block reward is not sentient, it cannot be stolen from or wronged Phlip - Not giving away coins, [18.10.20 02:37] Dont push your luck 😉 Jingles, [18.10.20 02:37] [ 😀 Sticker ] Michael Nunzio, [18.10.20 02:38] [In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]] You too brother. 🙏 Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38] [In reply to Michael Nunzio] but mine is the same....i need new ones everyone always calls me fat because of this one Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38] literally if i say 1 thing to any troll anywhere first thing they say is "ok fatass" Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38] i blame this dumb photographer Michael Nunzio, [18.10.20 02:38] [In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]] Don't listen. Phlip - Not giving away coins, [18.10.20 02:39] u/spoice maybe write a read.cash article if you really feel you need to educate people Spoice, [18.10.20 02:39] David, as a user I believe that each new experiment carries risk with it, why should I take part in a new fork of Bitcoin which has a new set of game-theory rules which doesn't even benefit me, rather it benefits some other entity which will take 5% of any effort or economic activity I produce on this chain? They're also off-loading the risk to me as a usebuildebusiness who choose to join their experiment. Spoice, [18.10.20 02:40] Why should I take that risk while the Bitcoin I know and have known for over 10 years worked perfectly for me thus far? (BCH, that is) Jingles, [18.10.20 02:40] small fees and empty blocks? Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:41] It will insure that a centralized group has control over development and they are by decree in the code, it's a literal take over. Phlip - Not giving away coins, [18.10.20 02:41] [In reply to Spoice] “BSV-freeze the protocol - true Bitcoin” sounds like more your thing David B., [18.10.20 02:41] [In reply to Spoice] Better run bitcoin core 0.1 Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:41] Imagine if satoshi keyd his address in the code to be paid out of every block, but instead of paying himself started a company "Bitcoin Dev Co" Spoice, [18.10.20 02:42] Not really, BSV kills the incentives I am discussing too Phlip - Not giving away coins, [18.10.20 02:42] [In reply to Jingles] Please stay nice now Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:42] No one would ever be able to say Bitcoin was Decentralized, Bitcoin Dev Co would get paid directly from the reward. Jingles, [18.10.20 02:42] [In reply to Phlip - Not giving away coins] "BSV: We have all the Bad Idea. On chain" Spoice, [18.10.20 02:42] The Nash equilibrium we have tested for the past 10 years will be changed with ABC, it changed with BTC and BSV too Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:42] "Bad Solutions Verified" Spoice, [18.10.20 02:42] that game-theory set of incentives Spoice, [18.10.20 02:43] why would I want to take a risk with any of those experiments when I gain 0? David B., [18.10.20 02:43] Better run bitcoin core 0.1 Spoice, [18.10.20 02:43] Nope, you're talking technical freezing of development, that's not what I am addressing Jingles, [18.10.20 02:43] [In reply to David B.] Thats the BTC chain though Phlip - Not giving away coins, [18.10.20 02:43] [In reply to Spoice] O please share with us your background in the subject. Or are you now just parroting others Spoice, [18.10.20 02:44] BSV wants to freeze the technical development and they want a stable protocol from an API/development perspective Spoice, [18.10.20 02:44] but from an incentive ruleset perspective, they already butchered the equilibrium Bitcoin had Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:44] [In reply to Phlip - Not giving away coins] That's one of those phrases, when you hear it you know they are just a parrot of someones propaganda. "MUH NASH EQUILIBRIUM!" David B., [18.10.20 02:44] Stable = bad? Jingles, [18.10.20 02:45] [In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]] I love you Spoice, [18.10.20 02:45] Philip, for an admin you are ought to be nicer, if you think I am parroting others you're free to think that, but to state it so bluntly in your position is just... wrong Spoice, [18.10.20 02:46] If you think the point I made is wrong, discuss it Phlip - Not giving away coins, [18.10.20 02:46] [In reply to Jingles] Maybe talk to him in DM about that?😉 Spoice, [18.10.20 02:46] not me Jingles, [18.10.20 02:46] [In reply to Phlip - Not giving away coins] working on it. Phlip - Not giving away coins, [18.10.20 02:46] [In reply to Spoice] I ought to be nicer...😂😂😂 Spoice, [18.10.20 02:47] Also, anyone who studied Bitcoin at length and its set of incentives and game-theory ruleset should know what a Nash Equilibrium is and who the players are in the Bitcoin game Phlip - Not giving away coins, [18.10.20 02:47] [In reply to Spoice] You state as fact. You get to dhow why your statements or opinions are even relevant. Spoice, [18.10.20 02:48] If it's not a fact, highlight how Spoice, [18.10.20 02:48] don't attack me Spoice, [18.10.20 02:48] prove me wrong Spoice, [18.10.20 02:48] if you fail that simple debate test David B., [18.10.20 02:48] How's that breakfast helping? Spoice, [18.10.20 02:48] you should rename from Janitor to Tyrant Jingles, [18.10.20 02:48] I'm still waiting to see the defined rules as per the wp Michael Nunzio, [18.10.20 02:49] [In reply to Spoice] Didn't know this was stand up comedy night in here. Michael Nunzio, [18.10.20 02:49] I missed the memo Phlip - Not giving away coins, [18.10.20 02:49] If I have to prove all idiots on the internet wrong I would have a hard time. You are starting to really waste everybody’s time. You state, you prove. Or you are just generating noise Phlip - Not giving away coins, [18.10.20 02:50] [In reply to Spoice] Be careful now. Michael Nunzio, [18.10.20 02:50] Noisy bugger. Phlip - Not giving away coins, [18.10.20 02:52] Getting close to just do some cleaning up. Spoice, [18.10.20 02:52] If you can't debate technical points I am making about Bitcoin Cash on a Bitcoin Cash Telegram, and within the span of 10 minutes you called me stupid, idiot, noisy and a parrot, you absolutely are a tyrant and I stand by my point: You should not be an admin here, nor anywhere actually. If you think I should be careful for the fear of you banning me, go ahead. You still fail to debate the simplest technical point and yet claim you can "but can't be bothered to". You remind me of that Thermos guy. Spoice, [18.10.20 02:53] How do people with 0 technical know how end up in these admin positions is beyond me Jingles, [18.10.20 02:53] I challenged your comments and you just changed the goal posts. Phlip - Not giving away coins, [18.10.20 02:53] [In reply to Spoice] Ok. You are not paying me and you are free to create noise elsewhere
The no-IFP coalition gets vast majority of hashrate in November. Those mining with ABC fork off onto a very small minority hashpower chain without nearly any ecosystem support. Their taxcoin is worth a fraction of BCH. Nobody gives a shit except themselves and a few pump-and-dumpers. The devs and coat-tail-riders fake rage-quit after cashing out retire or return back to Facebook, LinkedIn, AvaLabs or whatever they prefer. Some of their employees who might actually not have supported the IFP stay on and continue to apply their skills to BCH software and business development. The network effect is largely preserved and good growth and development is possible again.
Miners persuade ABC to drop its splitting plans, whether directly or through on-chain signaling of their opposition to IFP. ABC issues a new client version that is IFP-free. ABC takes a minor hit on user base, but remains otherwise a viable option and continues the development plans on the roadmap together with the other clients. A large majority of the BCH community rejoices at the aversion of a potentially damaging split. The November upgrade passes smoothly and protocol devs, builders, marketers can all resume focusing on their respective work to improve the network, providing value to everyone.
Just posting this to show that good outcomes are imaginable, even achievable. It depends on everyone...
Yeah it kind of sucks that miners have to pay 8%, but maybe it will allow all the cool stuff we want like code-audit, pruning, fractional satoshis, avalanche pre-consensus, Graphene/Xthin block compression, etc. Maybe I'm wrong.. Time to pay the road builders. (Nobody should do work for free). I don't get up on Monday and go to work for free. And I know using Bitcoin Cash is awesome, but I don't expect the ABC devs (who have been here since 2017) to do it for free. I would love to live in la la land where everyone donates their time and stuff, but people should be paid. I would love more transparency though on use of funds from ABC. OK. Roast me.
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.
Builds are now done through Gitian
Calls to getblocktemplate will fail if the segwit rule is not specified. Calling getblocktemplate without segwit specified is almost certainly a misconfiguration since doing so results in lower rewards for the miner. Failed calls will produce an error message describing how to enable the segwit rule.
A warning is printed if an unrecognized section name is used in the configuration file. Recognized sections are [test], [main], and [regtest].
Four new options are available for configuring the maximum number of messages that ZMQ will queue in memory (the "high water mark") before dropping additional messages. The default value is 1,000, the same as was used for previous releases.
The rpcallowip option can no longer be used to automatically listen on all network interfaces. Instead, the rpcbind parameter must be used to specify the IP addresses to listen on. Listening for RPC commands over a public network connection is insecure and should be disabled, so a warning is now printed if a user selects such a configuration. If you need to expose RPC in order to use a tool like Docker, ensure you only bind RPC to your localhost, e.g. docker run [...] -p 127.0.0.1:1441:1441 (this is an extra :1441 over the normal Docker port specification).
The rpcpassword option now causes a startup error if the password set in the configuration file contains a hash character (#), as it's ambiguous whether the hash character is meant for the password or as a comment.
The whitelistforcerelay option is used to relay transactions from whitelisted peers even when not accepted to the mempool. This option now defaults to being off, so that changes in policy and disconnect/ban behavior will not cause a node that is whitelisting another to be dropped by peers.
A new short about the JSON-RPC interface describes cases where the results of anRPC might contain inconsistencies between data sourced from differentsubsystems, such as wallet state and mempool state.
A new document introduces Groestlcoin Core's BIP174 interface, which is used to allow multiple programs to collaboratively work to create, sign, and broadcast new transactions. This is useful for offline (cold storage) wallets, multisig wallets, coinjoin implementations, and many other cases where two or more programs need to interact to generate a complete transaction.
The output script descriptor (https://github.com/groestlcoin/groestlcoin/blob/mastedoc/descriptors.md) documentation has been updated with information about new features in this still-developing language for describing the output scripts that a wallet or other program wants to receive notifications for, such as which addresses it wants to know received payments. The language is currently used in multiple new and updated RPCs described in these release notes and is expected to be adapted to other RPCs and to the underlying wallet structure.
A new --disable-bip70 option may be passed to ./configure to prevent Groestlcoin-Qt from being built with support for the BIP70 payment protocol or from linking libssl. As the payment protocol has exposed Groestlcoin Core to libssl vulnerabilities in the past, builders who don't need BIP70 support are encouraged to use this option to reduce their exposure to future vulnerabilities.
The minimum required version of Qt (when building the GUI) has been increased from 5.2 to 5.5.1 (the depends system provides 5.9.7)
getnodeaddresses returns peer addresses known to this node. It may be used to find nodes to connect to without using a DNS seeder.
listwalletdir returns a list of wallets in the wallet directory (either the default wallet directory or the directory configured bythe -walletdir parameter).
getrpcinfo returns runtime details of the RPC server. Currently, it returns an array of the currently active commands and how long they've been running.
deriveaddresses returns one or more addresses corresponding to an output descriptor.
getdescriptorinfo accepts a descriptor and returns information aboutit, including its computed checksum.
joinpsbts merges multiple distinct PSBTs into a single PSBT. The multiple PSBTs must have different inputs. The resulting PSBT will contain every input and output from all the PSBTs. Any signatures provided in any of the PSBTs will be dropped.
analyzepsbt examines a PSBT and provides information about what the PSBT contains and the next steps that need to be taken in order to complete the transaction. For each input of a PSBT, analyze psbt provides information about what information is missing for that input, including whether a UTXO needs to be provided, what pubkeys still need to be provided, which scripts need to be provided, and what signatures are still needed. Every input will also list which role is needed to complete that input, and analyzepsbt will also list the next role in general needed to complete the PSBT. analyzepsbt will also provide the estimated fee rate and estimated virtual size of the completed transaction if it has enough information to do so.
utxoupdatepsbt searches the set of Unspent Transaction Outputs (UTXOs) to find the outputs being spent by the partial transaction. PSBTs need to have the UTXOs being spent to be provided because the signing algorithm requires information from the UTXO being spent. For segwit inputs, only the UTXO itself is necessary. For non-segwit outputs, the entire previous transaction is needed so that signers can be sure that they are signing the correct thing. Unfortunately, because the UTXO set only contains UTXOs and not full transactions, utxoupdatepsbt will only add the UTXO for segwit inputs.
getpeerinfo now returns an additional minfeefilter field set to the peer's BIP133 fee filter. You can use this to detect that you have peers that are willing to accept transactions below the default minimum relay fee.
The mempool RPCs, such as getrawmempool with verbose=true, now return an additional "bip125-replaceable" value indicating whether thetransaction (or its unconfirmed ancestors) opts-in to asking nodes and miners to replace it with a higher-feerate transaction spending any of the same inputs.
settxfee previously silently ignored attempts to set the fee below the allowed minimums. It now prints a warning. The special value of"0" may still be used to request the minimum value.
getaddressinfo now provides an ischange field indicating whether the wallet used the address in a change output.
importmulti has been updated to support P2WSH, P2WPKH, P2SH-P2WPKH, and P2SH-P2WSH. Requests for P2WSH and P2SH-P2WSH accept an additional witnessscript parameter.
importmulti now returns an additional warnings field for each request with an array of strings explaining when fields are being ignored or are inconsistent, if there are any.
getaddressinfo now returns an additional solvable Boolean field when Groestlcoin Core knows enough about the address's scriptPubKey, optional redeemScript, and optional witnessScript for the wallet to be able to generate an unsigned input spending funds sent to that address.
The getaddressinfo, listunspent, and scantxoutset RPCs now return an additional desc field that contains an output descriptor containing all key paths and signing information for the address (except for the private key). The desc field is only returned for getaddressinfo and listunspent when the address is solvable.
importprivkey will preserve previously-set labels for addresses or public keys corresponding to the private key being imported. For example, if you imported a watch-only address with the label "coldwallet" in earlier releases of Groestlcoin Core, subsequently importing the private key would default to resetting the address's label to the default empty-string label (""). In this release, the previous label of "cold wallet" will be retained. If you optionally specify any label besides the default when calling importprivkey, the new label will be applied to the address.
getmininginfo now omits currentblockweight and currentblocktx when a block was never assembled via RPC on this node.
The getrawtransaction RPC & REST endpoints no longer check the unspent UTXO set for a transaction. The remaining behaviors are as follows:
If a blockhash is provided, check the corresponding block.
If no blockhash is provided, check the mempool.
If no blockhash is provided but txindex is enabled, also check txindex.
unloadwallet is now synchronous, meaning it will not return until the wallet is fully unloaded.
importmulti now supports importing of addresses from descriptors. A desc parameter can be provided instead of the "scriptPubKey" in are quest, as well as an optional range for ranged descriptors to specify the start and end of the range to import. Descriptors with key origin information imported through importmulti will have their key origin information stored in the wallet for use with creating PSBTs.
listunspent has been modified so that it also returns witnessScript, the witness script in the case of a P2WSH orP2SH-P2WSH output.
createwallet now has an optional blank argument that can be used to create a blank wallet. Blank wallets do not have any keys or HDseed. They cannot be opened in software older than 2.18.2. Once a blank wallet has a HD seed set (by using sethdseed) or private keys, scripts, addresses, and other watch only things have been imported, the wallet is no longer blank and can be opened in 2.17.2. Encrypting a blank wallet will also set a HD seed for it.
signrawtransaction is removed after being deprecated and hidden behind a special configuration option in version 2.17.2.
The 'account' API is removed after being deprecated in v2.17.2 The 'label' API was introduced in v2.17.2 as a replacement for accounts. See the release notes from v2.17.2 for a full description of the changes from the 'account' API to the 'label' API.
addwitnessaddress is removed after being deprecated in version 2.16.0.
generate is deprecated and will be fully removed in a subsequent major version. This RPC is only used for testing, but its implementation reached across multiple subsystems (wallet and mining), so it is being deprecated to simplify the wallet-node interface. Projects that are using generate for testing purposes should transition to using the generatetoaddress RPC, which does not require or use the wallet component. Calling generatetoaddress with an address returned by the getnewaddress RPC gives the same functionality as the old generate RPC. To continue using generate in this version, restart groestlcoind with the -deprecatedrpc=generate configuration option.
Be reminded that parts of the validateaddress command have been deprecated and moved to getaddressinfo. The following deprecated fields have moved to getaddressinfo: ismine, iswatchonly,script, hex, pubkeys, sigsrequired, pubkey, embedded,iscompressed, label, timestamp, hdkeypath, hdmasterkeyid.
The addresses field has been removed from the validateaddressand getaddressinfo RPC methods. This field was confusing since it referred to public keys using their P2PKH address. Clients should use the embedded.address field for P2SH or P2WSH wrapped addresses, and pubkeys for inspecting multisig participants.
A new /rest/blockhashbyheight/ endpoint is added for fetching the hash of the block in the current best blockchain based on its height (how many blocks it is after the Genesis Block).
A new Window menu is added alongside the existing File, Settings, and Help menus. Several items from the other menus that opened new windows have been moved to this new Window menu.
In the Send tab, the checkbox for "pay only the required fee" has been removed. Instead, the user can simply decrease the value in the Custom Fee rate field all the way down to the node's configured minimumrelay fee.
In the Overview tab, the watch-only balance will be the only balance shown if the wallet was created using the createwallet RPC and thedisable_private_keys parameter was set to true.
The launch-on-startup option is no longer available on macOS if compiled with macosx min version greater than 10.11 (useCXXFLAGS="-mmacosx-version-min=10.11" CFLAGS="-mmacosx-version-min=10.11" for setting the deployment sdkversion)
A new groestlcoin-wallet tool is now distributed alongside Groestlcoin Core's other executables. Without needing to use any RPCs, this tool can currently create a new wallet file or display some basic information about an existing wallet, such as whether the wallet is encrypted, whether it uses an HD seed, how many transactions it contains, and how many address book entries it has.
Since version 2.16.0, Groestlcoin Core's built-in wallet has defaulted to generating P2SH-wrapped segwit addresses when users want to receive payments. These addresses are backwards compatible with all widely used software. Starting with Groestlcoin Core 2.20.1 (expected about a year after 2.18.2), Groestlcoin Core will default to native segwitaddresses (bech32) that provide additional fee savings and other benefits. Currently, many wallets and services already support sending to bech32 addresses, and if the Groestlcoin Core project sees enough additional adoption, it will instead default to bech32 receiving addresses in Groestlcoin Core 2.19.1. P2SH-wrapped segwit addresses will continue to be provided if the user requests them in the GUI or by RPC, and anyone who doesn't want the update will be able to configure their default address type. (Similarly, pioneering users who want to change their default now may set the addresstype=bech32 configuration option in any Groestlcoin Core release from 2.16.0 up.)
BIP 61 reject messages are now deprecated. Reject messages have no use case on the P2P network and are only logged for debugging by most network nodes. Furthermore, they increase bandwidth and can be harmful for privacy and security. It has been possible to disable BIP 61 messages since v2.17.2 with the -enablebip61=0 option. BIP 61 messages will be disabled by default in a future version, before being removed entirely.
The submitblock RPC previously returned the reason a rejected block was invalid the first time it processed that block but returned a generic "duplicate" rejection message on subsequent occasions it processed the same block. It now always returns the fundamental reason for rejecting an invalid block and only returns "duplicate" for valid blocks it has already accepted.
A new submitheader RPC allows submitting block headers independently from their block. This is likely only useful for testing.
The signrawtransactionwithkey and signrawtransactionwithwallet RPCs have been modified so that they also optionally accept a witnessScript, the witness script in the case of a P2WSH orP2SH-P2WSH output. This is compatible with the change to listunspent.
For the walletprocesspsbt and walletcreatefundedpsbt RPCs, if thebip32derivs parameter is set to true but the key metadata for a public key has not been updated yet, then that key will have a derivation path as if it were just an independent key (i.e. no derivation path and its master fingerprint is itself).
The -usehd configuration option was removed in version 2.16.0 From that version onwards, all new wallets created are hierarchical deterministic wallets. This release makes specifying -usehd an invalid configuration option.
This release allows peers that your node automatically disconnected for misbehaviour (e.g. sending invalid data) to reconnect to your node if you have unused incoming connection slots. If your slots fill up, a misbehaving node will be disconnected to make room for nodes without a history of problems (unless the misbehaving node helps your node in some other way, such as by connecting to a part of the Internet from which you don't have many other peers). Previously, Groestlcoin Core banned the IP addresses of misbehaving peers for a period (default of 1 day); this was easily circumvented by attackers with multiple IP addresses. If you manually ban a peer, such as by using the setban RPC, all connections from that peer will still be rejected.
The key metadata will need to be upgraded the first time that the HDseed is available. For unencrypted wallets this will occur on wallet loading. For encrypted wallets this will occur the first time the wallet is unlocked.
Newly encrypted wallets will no longer require restarting the software. Instead such wallets will be completely unloaded and reloaded to achieve the same effect.
A sub-project of Bitcoin Core now provides Hardware Wallet Interaction (HWI) scripts that allow command-line users to use several popular hardware key management devices with Groestlcoin Core. See their project page for details.
This release changes the Random Number Generator (RNG) used from OpenSSL to Groestlcoin Core's own implementation, although entropy gathered by Groestlcoin Core is fed out to OpenSSL and then read back in when the program needs strong randomness. This moves Groestlcoin Core a little closer to no longer needing to depend on OpenSSL, a dependency that has caused security issues in the past. The new implementation gathers entropy from multiple sources, including from hardware supporting the rdseed CPU instruction.
On macOS, Groestlcoin Core now opts out of application CPU throttling ("app nap") during initial blockchain download, when catching up from over 100 blocks behind the current chain tip, or when reindexing chain data. This helps prevent these operations from taking an excessively long time because the operating system is attempting to conserve power.
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
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.
Groestlcoin Mainnet & Testnet supported
Multiple wallet support
Electrum - Support for both random and custom peers
Biometric + Pin authentication
Custom fee selection
Import mnemonic phrases via manual entry or scanning
BIP39 Passphrase functionality
Support for Segwit-compatible & legacy addresses in settings
Support individual private key sweeping
UTXO blacklisting - Accessible via the Transaction Detail view, this allows users to blacklist any utxo that they do not wish to include in their list of available utxo's when sending transactions. Blacklisting a utxo excludes its amount from the wallet's total balance.
Ability to Sign & Verify Messages
Support BitID for password-free authentication
Coin Control - This can be accessed from the Send Transaction view and basically allows users to select from a list of available UTXO's to include in their transaction.
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.
Simplified payment verification for fast mobile performance
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.
If a word is wrong, the tool will try to suggest the closest option.
If a word is missing or unknown, please type "?" instead and the tool will find all relevant options.
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).
Fixed size arithmetic
Fast Modular Inversion (Delayed Right Shift 62 bits)
SecpK1 Fast modular multiplication (2 steps folding 512bits to 256bits using 64 bits digits)
Use some properties of elliptic curve to generate more keys
SSE Secure Hash Algorithm SHA256 and RIPEMD160 (CPU)
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).
Ability to continue finding keys after first one is found
Includes warning on start-up if connected to the internet
Ability to output keys to a text file (And shows button to open that directory)
Show and hide the private key with a simple toggle switch
Show full output of commands
Ability to choose between Processor (CPU) and Graphics Card (GPU) ( NVidia ONLY! )
Features both a Light and Dark Material Design-Style Themes
Free software - MIT. Anyone can audit the code.
Written in C# - The code is short, and easy to review.
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.
Works via TOR or SOCKS5 proxy
Can use bootstrap.dat format as blockchain database
Import/Export blockchain to/from bootstrap.dat
Import wallet.dat from Groestlcoin-qt wallet
Export wallet to wallet.dat
Use both groestlcoin-wpf and groestlcoin-qt with the same addresses in parallel. When you send money from one program, the transaction will automatically be visible on the other wallet.
Rescan blockchain with a simple mouse click
Works as a full node and listens to port 1331 (listening port can be changed)
Fast Block verifying, parallel processing on multi-core CPUs
Mine Groestlcoins with your CPU by a simple mouse click
All private keys are kept encrypted on your local machine (or on a USB stick)
Lite - Has a lightweight "thin client" mode which does not require a new user to download the entire Groestlcoin chain and store it
Free and decentralised - Open Source under GNU license
Fixed Import/Export to wallet.dat
Rescan wallet option
Change wallet password option
Address type and Change type options through *.conf file
Import from bootstrap.dat - It is a flat, binary file containing Groestlcoin blockchain data, from the genesis block through a recent height. All versions automatically validate and import the file "grs.bootstrap.dat" in the GRS directory. Grs.bootstrap.dat is compatible with Qt wallet. GroestlCoin-Qt can load from it.
In Full mode file %APPDATA%\Groestlcoin-WPF\GRS\GRS.bootstrap.dat is full blockchain in standard bootstrap.dat format and can be used with other clients.
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.
Use your own node
Uses less CPU and RAM than ElectrumX
Used intermittently rather than needing to be always-on
Doesn't require an index of every Groestlcoin address ever used like on ElectrumX
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.
Add confidence messages, helping users to understand the confidence state of their payments.
Handle edge case when restoring via an external app.
Count devices with a memory class of 128 MB as low ram.
Introduce dark mode on Android 10 devices.
Reduce memory usage of PIN-protected wallets.
Tapping on the app's version will reveal a checksum of the APK that was installed.
Fix issue with confirmation of transactions that empty your wallet.
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.
Are there factors in addition to those noted in Part 2 that we should consider?
What best practices exist for Platforms to mitigate the risks outlined in Part 3? Are there any other significant risks which we have not identified?
Are there any global approaches to regulating Platforms that are appropriate to be considered in Canada?
What standards should a Platform adopt to mitigate the risks related to safeguarding investors’ assets? Please explain and provide examples both for Platforms that have their own custody systems and for Platforms that use third-party custodians to safeguard their participants’ assets.
Other than issuance of Type I and Type II SOC 2 Reports, are there alternative ways in which auditors or other parties can provide assurance to regulators that a Platform has controls in place to ensure that investors’ crypto-assets exist and are appropriately segregated and protected, and that transactions with respect to those assets are verifiable?
Are there challenges associated with a Platform being structured so as to make actual delivery of crypto assets to a participant’s wallet? What are the benefits to participants, if any, of the Platforms holding or storing crypto assets on their behalf?
What factors should be considered in determining a fair price for crypto assets?
Are there reliable pricing sources that could be used by Platforms to determine a fair price, and for regulators to assess whether Platforms have complied with fair pricing requirements? What factors should be used to determine whether a pricing source is reliable?
Is it appropriate for Platforms to set rules and monitor trading activities on their own marketplace? If so, under which circumstances should this be permitted?
Which market integrity requirements should apply to trading on Platforms? Please provide specific examples.
Are there best practices or effective surveillance tools for conducting crypto asset market surveillance? Specifically, are there any skills, tools or special regulatory powers needed to effectively conduct surveillance of crypto asset trading?
Are there other risks specific to trading of crypto assets that require different forms of surveillance than those used for marketplaces trading traditional securities?
Under which circumstances should an exemption from the requirement to provide an ISR by the Platform be appropriate? What services should be included/excluded from the scope of the ISR? Please explain.
Is there disclosure specific to trades between a Platform and its participants that Platforms should make to their participants?
Are there particular conflicts of interest that Platforms may not be able to manage appropriately given current business models? If so, how can business models be changed to manage such conflicts appropriately?
What type of insurance coverage (e.g. theft, hot-wallet, cold-wallet) should a Platform be required to obtain? Please explain.
Are there specific difficulties with obtaining insurance coverage? Please explain.
Are there alternative measures that address investor protection that could be considered that are equivalent to insurance coverage?
Are there other models of clearing and settling crypto assets that are traded on Platforms? What risks are introduced as a result of these models?
What, if any, significant differences in risks exist between the traditional model of clearing and settlement and the decentralized model? Please explain how these different risks could be mitigated.
What other risks could be associated with clearing and settlement models that are not identified here?
What regulatory requirements (summarized at Appendices B, C, and D), both at the CSA and IIROC level, should apply to Platforms or should be modified for Platforms? Please provide specific examples and the rationale.
Goal of this thread: I'm hoping that people will answer some of these questions in the comments. Even answering one question that you are interested in would be helpful, but don't feel obligated to answer all the questions. Anyone can participate. My hope is that all responses can be aggregated into one document and submitted on behalf of myself or another user to the OSC. If you don't want your reddit username to be included in the aggregated document then please make mention of that in your comment. Less then professional or trolling responses will not be included. If you would like to be the person to put your real name on the aggregated submission to the OSC please feel free to make a throw away account and pm me with your details. UPDATE: I believe this thread got enough positive support to sticky it for the time being and move forward tentatively with faze two. I view this exercise as an opportunity to give the regulators a strong response from the Bitcoin community at large. A growing trend has been "Blockchain experts" being the only participants in this kind of process, so I'm hoping we can change that and add our collective voice to this process. Faze two will involve me drafting an introduction and adding comments posted here to a publicly viewable/but not editable, google doc. I encourage you all to give some thought and consideration to your posts, as low quality posts may be excluded. Please give some thought to punctuation, sentence structure and formatting. The more professional the better. You do not need to answer each question, you can even give a general opinion that does not address any of the questions asked by the regulators. Furthermore, if you do not want your reddit name associated with the submission, please mention this in your post. Lastly, if you are a credible Bitcoin enthusiast or computer science expert and would like to publicly represent the collective comments that are accumulated in this exercise, then please PM me with a throwaway reddit acocunt for next steps.
Trading, psychology, and the benefits of Trading Bots.
https://preview.redd.it/8lhgwekhbmv31.jpg?width=823&format=pjpg&auto=webp&s=35c417aa683b9fcdf37a126127c2e60c3ab405c2 Most beginners who open trading accounts on cryptocurrency exchanges and start independent trading, see only one goal — to earn as quickly as possible. This is a big mistake. The fact is that trading on the stock exchange will only become truly profitable when it becomes a priority for the person who came to trading. As a rule, to combine trade with any other occupation and at the same time everywhere to succeed will not work. Trading for a novice trader should be if not the main, then a very important and priority occupation. No need to wait for quick results. Trading on the stock exchange — the same profession as a doctor, Builder or engineer. The only difference is that she can’t go to University. Just as one learns to be a Builder for five years, so it takes years to learn all the wisdom and secrets of the trade. Trading on the stock exchange is not a Stayer distance, it is a marathon. And the winner is the one who will find the courage to reach the end. In addition, trade is very much changing a person, showing his qualities, which in everyday life he does not know. Over time, if a trader really wants to succeed in trading, he must completely rethink his life, change the system of values and look at many things, change himself.
Fear as a Component of Trading
The strongest emotion known to man is, of course, fear. What gives rise to the exchange’s fears? We can not predict the behavior of the market, and therefore fully control their money invested in its instruments. In addition to the unknown, when there is no understanding of how to safely get out of a predicament, we are afraid in advance of what traumatized us earlier. Because fear is so emotional, you need to surround yourself with the right facts to drive it away. We need to know for sure that our trading system should not generate more than three consecutive losing trades. Winners plan what to do if their trades fail. So only a systematic approach will protect us from ourselves. That is why the investment rules written in the trading templates exist not only to communicate the best market opportunities but, more importantly, to protect us from our own internal “demons”.
Emotions in Trading
Seekers of strong emotions, adrenaline forget everything in pursuit of excitement. It follows that a novice investor, overtaken by the “adrenaline curse”, will trade at the slightest opportunity. Yet Dostoevsky, one of the most famous and avid players, said that for him the most acute feeling in life — to win money. The second most acute feeling is to lose them. Paradoxically, few things give more pleasure than getting rid of the pain and torment of being in a losing trade. This creates a mental internal conflict. Awareness of losses brings “excitement” or a sense of exaltation, and our emotionality does not care what we pay for these experiences losses in the brokerage account. “Adrenaline curse” will drive us into the trade for thrills and extract them from there, regardless of the price.
Intuition on the Exchange
The mind of an intuitive investor tries to construct mental constructions of events. I will try to explain what mental construction is by the example of a chess player’s thinking. The grandmaster understands and remembers the position of each figure in terms of its mental constructions and relationships inherent in the arrangement of figures. The random arrangement of the figures does not fit into any of his mental constructs, and he cannot structure what he sees. Market patterns on cryptocurrency charts compared to chess compositions include an excessive element of chaos so that they can be interpreted intuitively. Investors with intuition are able to achieve success with the help of” flair”, but this flair often leaves them. The intellect of the rational trader, on the contrary, is manifested in his ability to logically comprehend what is happening to him and to the reality around him and to make on this basis the simplest and most correct decision. Intuition is the ability of a person to penetrate into the essence of things not by reasoning or logical thinking, but by instantaneous, unconscious insight. This is the ability of a trader to “ see the market not with his mind but with his heart.” But, even with a highly developed intuition, you can not act on the market, using only it.This is the trap of intuitive trading — it is impossible to learn.
Fear of Taking Responsibility
What distinguishes successful traders from losers who lose money? First of all look at life. Most people are very passive. If you ask people if they are happy with their lives, the answer is likely to be negative. On the question of who is to blame, I would say that the fault of the parents who have not given a good education, why now not get a good job; blame the employer who delays wages; blame the dollar, which is rising, then falling; to blame the President and the government who do not pay pensions, etc., In their troubles and problems most of the people blame anyone but themselves. The same thing happens in the market because the exchange is a mirror of our life. Talk to the trader losing money, ask why he can’t make money in the market. He replied that the fault of the insiders, manipulators, blame the binary options broker too much Commission, to blame the neighbor who suggested the deal, which turned into a heavy loss. In other words, he himself would have been a millionaire long ago, but for a number of reasons, certainly beyond his control, until that happened. If a person wants to achieve something-not just to lead a life, which are millions of ordinary people (every day to go to work, save five years for a car, twenty years for an apartment, etc.), and to live a full life, so that the financial issue went into the background, to work for fun, not for money, he needs to take responsibility for everything that happens in his life. A person needs to realize that the cause of everything that happens to him is himself.It is this view that allows you to succeed in life and in any business. And trade is no exception. This is the way successful traders look at life. Once you realize that the cause of all your losses is yourself, and not some mythical manipulators, then the case will move forward. ******************************************************************************************************* In the age of digital technologies, when artificial intelligence develops, computer technologies improve, mankind creates various tools to facilitate their own life and everyday life. If we pay attention to trading, then this direction is actively developing, getting new and unique tools. Since any trader (beginner or experienced specialist) is subject to emotions and various psychological factors, there are tools such as trading bots.
A trading robot (bot) is a program that has a certain algorithm. It buys or sells cryptocurrency assets, focusing on the situation in the market. The first trading robots appeared in 2012, and since then they have become more and more perfect. Currently, according to some estimates, 90% of short-term transactions are made either by bots or with their participation. Bots are usually developed for specific trading platforms. Most cryptocurrency exchanges have an API, and they are generally positive about free auto trading within their platform. In contrast to the positive attitude to exchange robots, exchanges often have a negative attitude to arbitration robots. On the rules of trade can be found in the official documentation of the exchange, and if there is no such information, the question can be asked directly to technical support.Some people wonder: is it possible to write your bot trader? This is not an easy option, which is suitable only for experienced programmers. After writing, bots are tested for a long time in the market, corrected numerous errors, corrected strategy. A programmer can also write a bot based on someone else’s code. Some bots are open source, and anyone can find it on GitHub and modify it to fit their needs. Buy a bot for trading cryptocurrency: there are inexpensive programs for trading (about $ 10), and the cost of more high-quality and complex exceeds more than $ 200 and even $ 1000. There is no maximum price limit for bots, top bots are written to order $ 1500 and more. Users are usually offered a choice of several tariff plans for crypto bots, from economy to luxury. The inexpensive option includes the most basic trading algorithms, and the expensive one brings maximum profit and works on more complex algorithms. Arbitration bots are a more expensive exchange. Known cases when downloading the bot, people got on your computer virus-miner or virus-cipher, which encrypt all your personal files and demanded a ransom in bitcoin, usually in bitcoin. Naturally, after transferring the ransom to the specified wallet, no decryption of the files occurred. Trading strategy of stock and arbitrage bots can be very simple, for example:- When the price of cryptocurrency decreases, you need to buy it.- If the price rises, it should be sold.- Or much more complicated. The algorithm can take into account historical data for the last time, indicators, navigate by signals. Quality bots analyze more than a hundred parameters when placing orders. Some programs do not change the algorithm, and there are bots that can connect or configure additional parameters. This option is well suited for experienced traders who have their own preferences in the style of trading. A standard bot can perform such actions:- To assess the market situation, to monitor the rate at a given period of time, to make a forecast. In manual trading, it can show signals to the trader.- Create buy or sell orders.- To report on the profit or loss received. On the example of our IMBA-Exchange, we came to the conclusion that we also need to provide an opportunity for each trader to use bots so that they can be in a comfortable trading environment. Our exchange specialists are developing their own bot for cryptocurrency trading, which will be an excellent and convenient addition to every trader who wants to eliminate the psychological factor and seeks to get stable earnings without losing personal time. ******************************************************************************************************* IMBA-ExchangeMetronix botmakes life easier for every investor. For example, Ing. Michael Eder the CEO of IMBA-Exchange, who has 10 years of experience in trading and the last 3 years in cryptocurrency trading, has firmly decided for himself that in the current realities trading on the exchange simply needs bots:
Throughout the time that I have been trading, I can confidently say that today trading bots are necessary for all traders as the main tool. No matter how long you are in exchange trading, but the nature of the person is designed so that under the influence of psychological factors, market conditions, etc. You still make mistakes and, as a result, this leads to financial losses.OurMetronix Trading Botwill help to solve these problems and eliminate negative consequences. A bot is a tool; it has no feelings. He performs a specific task for a given program and performs it almost unmistakably. The task of the trader is to monitor the situation on the market and correctly, as well as at the right time to configure your bot.
Had a thought yesterday... (sorry it's a long one).
... About OP_RETURN and the question of allowing large amounts of data to be uploaded to the block chain. I have seen and read various opinions on this. Allow me to add what might be a different perspective to the mix and see what you all think. ~~~~~~ TL;DR: Allowing large OP_RETURN uploads is a form of testing/proving the network, and whilst the demand for lots of small transactions does not yet exist, it (uploading large amounts of data) is economical. As demand for smaller transactions increases, the cost to post large OP_RETURNs will increase proportionately and so those kinds of transactions will slowly become less of the used block space. It's actually a smart way of testing and demonstrating that BSV is open for business. Proving that scaling works on the real network, before it's needed. This reduces the risk for new entrants (users, application builders etc). ~~~~~ When thinking about this yesterday I came to the conclusion that opening up OP_RETURN is actually a genius move. Let me explain. For Bitcoin to scale we need to support large blocks. By "support" this means the entire eco-system from miners to tools that deal with parsing transactions and data. I'm not sure about you folk, but I can't think of a better way to test and exercise those systems than allowing people to post real transactions with real data attached. Comparatively speaking, you can either stress test with thousands of transactions or a single transaction with a large OP_RETURN. Sure, these are not exactly the same thing, but every day that goes on where large blocks are being produced is more proof that the network can handle large blocks and is able to propagate them. (Testing large amounts of small transactions is also advisable, but that doesn't need to be the primary method for testing block propagation and validation). People have argued that uploading photos and the like is a silly idea, and even though I think I understand their rationale, I think there should always be the opportunity for people to upload an important file or document or photo is they so choose to do so, and they are happy to pay the fee for it. A free market in action. Miners get to decide how they manage the storage (or maybe in future that's a service provided to miners by someone else). To make sure that the use case works, however, it needs to be (and is being) tested. Plus there's the tools like Bitstagram that are making use of the feature now; creating ideas for new tools. What all the above does though, and this is the key point I have been pondering, is that it all simply shows that the network can handle large blocks, and as time goes on, likely larger and larger blocks, and that the sky doesn't fall, like has been prophesized by the opposition, especially those that believe every single Raspberry Pi needs to be able to run a full validating node. The fact that the sky doesn't fall and the network keeps on trucking, builds up confidence in the network and its ability to scale on-chain. Once this happens, the door is open for large numbers of transactions on a proven network. I haven't checked the exact numbers but based on what I see on BTC, a rough back of the envelope calculation yields that, for example, 32MB blocks likely allow for around 80 million transactions per day (with no or little OP_RETURN data), or about 90 Tx/s. I hear you saying "Wait.... but we can fill up a 32MB block with a relatively small number of transactions with large OP_RETURN data, so we now need even bigger blocks!". But here's the genius part. We don't. At least not for the 32MB to be highly utilized by small transactions. (Of course larger blocks mean more support for of all types of transactions...) ... The available block space is still subject to use by people's willingness to pay the associated fees. In a recent post by Ryan Charles, and IIRC, he was talking about $120 worth of fees to upload a series of about 30 or so, high resolution photos. Fees are still sats/byte. So if people want to do small transactions they can still pay a tiny fee, even if they double or triple the sats/byte that they pay. The effect that this has though (the doubling or tripling), is that now Ryan's exercise to upload the large OP_RETURN data just doubled or tripled in price (assuming competition for block space). In other words, what I am trying to say is that people will always be more readily able to pay for and afford very small transactions (so long as they are not personally making thousands of them), even if others are using large portions of block space though large OP_RETURNS. The cost of posting larger amounts of data will scale up accordingly with the demand for regular transactions. (And even if people are making thousands of transactions, they can still decide how much they are willing to pay for them, in the context of whatever they are doing that necessitates the need to execute those transactions). The Utopian goal is to always have more block space available, or at least enough so that fees stay at a reasonable level. So actually, whilst the block space is not being used, we shouldn't have a problem with people uploading photos and whatever they want to; it's proving the network can handle it and allowing participants of the network to test and improve their setups based on that usage. Furthermore, there are no doubt people taking notice of this fact, and seeing how BSV is providing something that neither of the other two Bitcoin projects can provide; which is a network that has demonstrated scaling in practice, whilst keeping the approach as simple and as secure as possible.
/r/Monero - Newcomers Please Read. Everything You Need To Know.
What is Monero (XMR)? Monero is a secure, private, untraceable (crypto-)currency. It is open-source and freely available to all. Don't believe us? Click here. Monero is a tool that people can actually use. It makes receiving payments hassle-free, since merchants and individuals no longer need to fear the source of funds they are accepting. With transparent systems like Bitcoin, Ethereum, Verge, or Dash, these people need to hope (or spend substantial resources verifying) the sender did not use the funds illicitly. Furthermore, merchants do not want all their vendors known, and individually do not want everyone to know how much they are spending. If I spend more than I should at Newegg (store), that's my own business. Monero is different because every transaction is always private. There is no way for pools and exchanges to opt out of sending private transactions. Thus, Monero's anonymity set far exceeds any other coin's anonymity set. Over 86,000 transactions in the past month of August, 2017 hid the sender and receiver, and about 99.95% of them also hid the amount (will increase to 100% of all new transactions in September)! There is no suspicion in using a private transaction, since all transactions are private. A single transaction does not stick out.* This privacy is afforded with the best technology. I implore you to take a few minutes to learn about the four main technologies that Monero uses to provide privacy:
Ring signatures hide where the money comes from. Spent inputs in a transaction are hidden among several others that also appear to be spent. Thus, no one knows which source of money is actually being spent. Think of inputs as individual dollars or euros. View a video about this topic here. Note: this is NOT the same as mixing.
RingCT hides the amount. Instead of spending a known value of an input, you can cryptographically commit to a certain value without revealing what the value actually is. This is a very complicated topic, so please view this video for more information.
Kovri is a work-in-progress tool to hide the transaction broadcast. Kovri will make it easy for users to hide their IP address when telling the network that they would like to make a transaction. Kovri will work with other cryptocurrencies and other projects through a common API, and Kovri can be used in a way to hide that you are using Monero at all. Kovri adds additional layers of network security for miners and pools, and it allows for the highest level of censorship resistance possible. A video for this project is available, and you can also check out the Kovri website. In the meantime, there are several guides to using Monero with Tor that work today, including an unofficial Tails build.
Stealth addresses hide where the money goes to. Instead of sending money to a specific address directly, certain outputs are allocated for addresses, but outside observers do not know which addresses these belong to. Even if ring signatures were compromised for some reason, then people would still not know the sending address in a transaction thanks to stealth addresses. View a video about this topic here.
There are several other things that make Monero great! It has a smooth tail emission, dynamic blocks and fees, and an accessible Proof of Work (mining) algorithm. *You can optionally choose a very large, unusual ringsize to make the transaction stick out. This is not recommended, and normal users who leave the ringsize at the default setting will not experience any issues. Also, it's possible for a user to manually add identifying information to the tx_extra field, which is something that a user must seriously go out of their way to do. Now you know Monero (XMR) has the best technology. What else makes Monero (XMR) different than other cryptocurrencies?
Fungible: Every Monero remains equal and identical to any other Monero. It is the property of a crypto asset whose units/value are capable of mutual substitution no matter what historical transactions occurred in the past.
Value-Growth: Monero has a proven chart record of growth and will continue to grow. Don't believe us? August 2015: $0.45, August 2016: $12, August 2017: $100. Growing really fast right? The difference is that it is growing because it's being used appropriately for it's technology and the demand keeps increasing. Swiss banks and offshores management organizations are starting to move from physical assets to Monero (XMR). Monero is dedicated to continue growing.
Development-Growth: Monero has the best team. Over 270 contributors have brought Monero to where it is today. The vast majority of people donate their time to help Monero, but a few get paid through the Forum Funding System (FFS). This is how Monero can be a strong project despite not taking a portion of the block rewards or launching with a premine.
P.S. Want a quick-start, simple your-grandma-could-do-it guide?Here's a great one! Am I a bad person to consider using this? No, Monero is freedom money. You can do whatever you want with it, whenever you want, where ever you want. We make it clear that you should own your wealth 100%. What you do with it, is none of our concern. Where does the word Monero come from? The word Monero comes from the language Esperanto. Monero means coin oand currency. The plural way of saying Monero in Esperanto and in our cryptocurrency is Moneroj.
Is there a lightweight wallet for Monero? Not yet, but you can use the official GUI with a remote node.
Are there any other ways to store Monero (XMR)? Yes, there are many mobile wallets out there that allow you to store Monero (XMR). We do not recommend them, because they are not official releases of Monero. If you do decide to use other wallets, please make sure to do your research first before storing any Moneroj in the wallet. Anything used for Monero outside of official releases, will be used at your own risk. Some may be used for scamming purposes. If you still decide to take the risk; do not use them for large amounts. Also keep in mind that there is a high chance that Monero support will not be able to help you if you bump into any problems from applications outside of official releases. Why should you not use non-official wallets? Well would you buy a house and give your only key you have to the buildemanagement and wait for him/her to open the door to the house you supposedly own? No. Same goes with cryptocurrencies. You should always have possession of your private keys, and your Moneroj. Most non-official releases own your private keys, therefore you do not own the Moneroj.
How can I setup a local wallet while running node with little bandwidth? You can use GUI, as a remote node as it uses very little bandwidth. Go to settings tab and change: "localhost:18089" to "node.moneroworld.com:18089". If you are still having problems, then just use our Monero Web-Wallet.
My vendor only accepts bitcoin but I only have Monero, and I know bitcoin is not private/anonymous. What should I do? Use XMR.TO, but you should also educate them about bitcoins lack of privacy. Tell them to visit this post.
How long does it take to sync to the blockchain? It can take from a few hours (using SSD drive) or even 24 hours, depending on hard drive and connection speed.
List of scams: (Always do a background check / research for anything outside of official releases.)
Freewallet (Mobile Wallet App)
Did you knowover 50 high profile artistsaccept Monero on their online stores? Check out Project Coral Reef
Are there any other sub-reddits that specialize in certain parts of Monero or just related to Monero? Yes, there are a few. However, please keep in mind that this sub-reddit (/Monero) is the official Monero sub-reddit. /xmrtrader - Trading, and investing related discussions & inquires. /MoneroMining - Mining related discussions & inquires. /MoneroCommunity for those who want to help grow the community. /moonero for shitposts and memes. /MoneroMarket for buying and selling wares for Monero. /MoneroSupport for, you guessed it, Monero support. Want to get involved?Click here for a list of sources.
How can I participate in the Monero community? We welcome everyone to join us and help out. Check the "Community Info" section on our subreddit for our website, forum, stack exchange, github, twitter, and facebook. Anyway, we hope you stick around beyond the hype. Monero has a lot going for it, and we hope you agree! We really need your help, since this project is entirely driven by the community!
Chances are, you’ve heard about the buzzing prices of cryptocurrencies like Bitcoin but probably know jack about anything else of it. Understanding how Bitcoin and Blockchain technology works can be a bit intimidating and overwhelming for new users into the Crypto-space. But hey, I’m no expert either and I just dabble in it to know enough not to miss out. As someone who aspires to become a digital nomad and travel the world, you may want to consider looking to start now. And here I can show you how easy it is to start with zero knowledge of Bitcoin, Blockchain, and cryptocurrency. If you know how to download an app to your smartphone or tablet. Then you are ready to earn cryptocurrency. You use your smartphone for pretty much everything from communicating, paying bills, watching videos on YouTube all day, looking for restaurants and etc. So why not also use it to make you money every single day and doesn’t cost you anything more but to just download an app? The tides are ever-changing, and to survive, you must sail with the wind. Not against it. Don’t leave free money on the table and read on. Pi Network (Minepi.com) is getting increasingly popular every day and is perhaps one of the fastest-growing networks in the Cryptocurrency world as of 2019. It’s no wonder you would want to get as many members under you as quickly as possible. Mining for Pi Coin cryptocurrency takes almost no effort but to simply make a single tap on the lightning symbol once a day. After that, you can continue to use your phone as normal or shut the screen off. The Pi coin is continuously mined for the next 24 hours in the background of your device without using massive amounts of energy unlike mining for Bitcoin. As the Pi Network continues to grow with 1000’s of new miners signing up every day, the mining rate will be halved accordingly, which means it’ll be harder and slower to get Pi coins. So, it’s quite obvious to be one of those people to get a really early start on this popular rising cryptocurrency. But why am I sharing my secrets? Aren’t you afraid of the competition? No, not really. Because for 1, I am a believer in Pi vision so I want to help it grow by helping you grow. Plus, even if this information is out there, I doubt that everyone who reads this will actually put in the effort to actually grow (please prove me wrong). Please read on and learn the secret! 24h a day 7d a week 168h a week 4 weeks a month 672h a month If the PI coin is listed on markets and the price is at $0,05 you have passive income from $336. If you mine passive 1 PI a hour. Its only one click on your mobile a day.
What Is Pi Network?
Pi Network is a small connected group of people within a security circle stitched along with other smaller security circles to create a “trust graph” that will help users know who to trust and transact with. The security circle is used to validate one’s identity to allow seamlessly and trusted transactions in the Pi cryptocurrency marketplace. This is to secure trust in the network that no fraudulent activities can take place.
The Core Team Members
Dr. Nicolas Kokkalis – Head of Technology Stanford Ph.D. and instructor of Stanford’s first decentralized applications class; combining distributed systems and human-computer interactions to bring cryptocurrency to everyday people. Dr. Chengdiao Fan – Head of Product Stanford Ph.D. in Computational Anthropology harnessing social computing to unlock human potential on a global scale. Vincent McPhillip – Head of Community Yale and Stanford-trained social movement builder on a mission to democratize how society defines, creates, and distributes wealth.
Their Mission is to build a cryptocurrency and smart contracts platform secured and operated by everyday people like us, but with simplicity.
Their vision is to make Cryptomining and spending as easy as “Pie”, making it the world’s most inclusive peer-to-peer marketplace that is fueled by Pi.
· The network has about 70k daily active members mining every day on the Pi Network app and is growing incredibly fast. Once they reach the first threshold of 100k users, they will HALVE the mining rate. That’s right, so mining speed for you will become lesser and lesser as more users join the network. However, if you join today and become a (PI)oneer and help steer the Pi network into the right general direction. You’ll get a larger piece of the PI(E) and grow it into massive savings until it hits the exchange market. · They are going to release an update during Q4 2019 that will enable users to send their Pi coins to any other user on the network. This will be the beginning of seeing the true value of the coin. Personally, for me, I’m all in for the what if factor, especially when all it took was to download a single app. · You don’t have to spend any extra money to mine so long as you have a smartphone or a tablet.
· Invitation Into The Pi Network
· Currently, Pi network is in beta and to join the network is through an invitation code only by someone who is already a member. You can join under my name and be added into my security circle.
What Can You Do with Your Pi Coins?
In the future:
Pioneers can wager Pi to engage the attention of other members of the network, by sharing content (e.g., text, images, videos) or asking questions
Trade Pi coins with other members
Use Pi to purchase goods in the Pi marketplace
Use Pi for advertisement
Exchange Pi for ETH or BTC which can be exchanged into fiat money
Much more as the network grows to mass adoption
As they are in beta now, you get to mine Pi coins at higher rates since there are fewer users on the network. Like Bitcoin for example; mining Bitcoin 10 years ago you would be able to get a few Bitcoin every hour or so. Now, you’ll get somewhere around 0.000001 BTC per hour since there are millions of miners now (mining rate differs for everyone depending on their rig). Think of Pi like in the early stages of Bitcoin when nobody really knew or understood what its technology is really all about. Imagine if you knew then what you know now. Wouldn’t you mine it like crazy? It goes exactly the same for Pi coin.
08-14 04:43 - 'Silent XMR Miner Builder v0.2+Tutorial' (self.Bitcoin) by /u/bilalkhanicom removed from /r/Bitcoin within 17-27min
''' Silent XMR Miner Builder v0.2+Tutorial A free CPU & GPU (AMD & Nvidia) silent miner updated for the new CryptoNightR algorithm. Based on Lime Miner Uses XMRRig, XMRig-AMD and XMRig-Nvidia .NET - Coded in Visual Basic .NET, requires .NET Framework 4.0. Codedom - No need for external libraries to compile Injection - Hide payload behind another process CPU & GPU Mining - Can mine on Both CPU and GPU (Nvidia & AMD) Install - Can be installed so that the miner runs at startup [link]1 jabber: [email protected] ''' Silent XMR Miner Builder v0.2+Tutorial Go1dfish undelete link unreddit undelete link Author: bilalkhanicom 1: ICQ:653580170
##UPDATE## Step 8 - Option 2, has some bugs in the final build process. i haven't had time to work them out yet! This guide will take you through building and running a headless x42 Full Node! The OS I am using here is Ubuntu 18.04, this guide picks up from a complete/fresh ubuntu install. This is meant to setup a staking node and so this guide will run you through building, configuring and setting up staking. It will not cover sending transactions or anything else. The things we are going to do:
Step 1 - Install .net core
Step 2 - Download The x42 Node Source & Compile It
Step 3 - Setting The x42 Node Up To Run On Boot
Step 4 - Setup A New Wallet
Step 5 - Configure The x42 Daemon
Step 6 - Get Address
Step 7 - Check Balance
Step 8 - Connect The UI Wallet To A Headless Node
Step 8 - [Option 1 - Use Installer] Connect The UI Wallet To A Headless Node
Step 8 - [Option 2 - Build/Compile UI Only] Connect The UI Wallet To A Headless Node # BROKEN#
cd ~/ git clone https://github.com/x42protocol/X42-FullNode.git # “cd” into the source folder cd X42-FullNode/src/
Now .net core uses NuGet for package management, before we compile, we need to pull down all of the required packages.. its as simple as running (this will take a couple of minutes) inside of “X42-FullNode/src/”:
now we are ready to compile the source, execute (inside of “X42-FullNode/src/”):
dotnet build --configuration Release
ignore the yellow warnings, this is just the rosyln compiler having a grumble.. if you get red ones then something went wrong! The “--configuration Release” will strip out all debug symbols and slim things down.. only a little, this optional parameter is not mandatory. Once this is done everything is built/compiled, you can run the daemon directly from the repository, this can be done by going to:
cd ~/X42-FullNode/src/x42.x42D/bin/Release/netcoreapp2.1 dotnet x42.x42D.dll
this will kick off the node, however if you exit SSH at this time it will kill the process! however I always recommend copying out the binaries to a separate folder. This can be done with the following:
now we have everything we need to run the node outside the git repository! What we need to do now is run the node and have it create the default x42.conf file.. so
cd ~/x42node dotnet x42.x42D.dll
feel free to hit “CTRL + C” to exit the application after a couple of seconds, by then the folders/files would have been created at the following path:
Step 3 - Setting The x42 Node Up To Run on Boot
Now we are going to create a service file so our x42 node automatically starts when the system is rebooted. THINGS TO NOTE ABOUT BELOW.. CHANGE THE ##USER## to the username your currently using as these files are within your home directory! We need to drop to root for this..
sudo -i cat < /etc/systemd/system/x42node.service [Unit] Description=x42 Node [Service] WorkingDirectory=/home/##USER##/x42node ExecStart=/usbin/dotnet /home/##USER##/x42node/x42.x42D.dll Restart=always # Restart service after 10 seconds if the dotnet service crashes: RestartSec=10 SyslogIdentifier=x42node User=##USER## Environment=ASPNETCORE_ENVIRONMENT=Development [Install] WantedBy=multi-user.target EOF
To enable the service, run the following (as the root user):
systemctl enable x42node.service
BOOM.. the node isn’t running yet.. but next time the system restarts it will automatically run! now lets exit out of root!
We can now start the node up and begin downloading blocks, by running the following command:
sudo systemctl start x42node.service
if you want to check its loaded and see some of the output, you can run:
sudo systemctl status x42node.service
an example of the output:
$ sudo systemctl status x42node.service ● x42node.service - x42 Node Loaded: loaded (/etc/systemd/system/x42node.service; enabled; vendor preset: enabled) Active: active (running) since Thu 2019-01-24 15:47:55 UTC; 14s ago Main PID: 5456 (dotnet) Tasks: 23 (limit: 1112) CGroup: /system.slice/x42node.service └─5456 /usbin/dotnet /home/darthnoodle/x42node/x42.x42D.dll Jan 24 15:48:09 x42staking x42node: Batch Size: 0 Mb (0 headers) Jan 24 15:48:09 x42staking x42node: Cache Size: 0/50 MB Jan 24 15:48:09 x42staking x42node: Jan 24 15:48:09 x42staking x42node: =======Mempool======= Jan 24 15:48:09 x42staking x42node: MempoolSize: 0 DynamicSize: 0 kb OrphanSize: 0 Jan 24 15:48:09 x42staking x42node: Jan 24 15:48:09 x42staking x42node: info: Stratis.Bitcoin.Connection.ConnectionManagerBehavior Jan 24 15:48:09 x42staking x42node: Peer '[::ffff:184.108.40.206]:52342' connected (outbound), agent 'x42:1.2.13 (70012)', height 213920 Jan 24 15:48:09 x42staking x42node: info: Stratis.Bitcoin.Connection.ConnectionManagerBehavior Jan 24 15:48:09 x42staking x42node: Peer '[::ffff:220.127.116.11]:52342' offline, reason: 'Receiving cancelled.'. All node screen output can be found in the /valog/syslog file.
Step 4 - Setup a New Wallet
With the Node running, we now need to setup and/or restore a wallet! Everything will be performed through the API’s, however by default these API’s are listening on localhost (127.0.0.1), if you are connecting in remotely then this would be a problem since you cant hit that IP. The solution, SSH TUNNEL! Execute the following command on your local system:
ssh -L 42220:localhost:42220 @
This binds the local port (on your system) with 127.0.0.1:42220 on the remote system, once you have executed the command you can type the following address in your laptop/desktop’s web browser and be able to access the API’s:
It should be noted that the password and mnemonic are is the most important parts of this request where the “password” will encrypt the wallet and Is required to unlock it.
Hit the “Try it out” button
input the necessary data
Insert the mnemonic
Put a password & passphrase
“Name” is what your wallet will be called
It should look something like the following: https://preview.redd.it/958ttfbxb8d21.jpg?width=603&format=pjpg&auto=webp&s=ce48336436ea4b469b5e87513da802de0bf444ee Hit “Execute”, the “Loading” sign may spin for a few minutes while the wallet is created… once the wallet has been created the “Response Body” will return the mnemonic you have just used.. we now have a wallet!! HOWEVER IT IS NOT LOADED INTO THE NODE JUST YET! This is where we will now jump back out and to configure the node to automatically load the wallet and automatically start staking when it first loads. AGAIN BACKUP YOUR MNEMONIC AND PASSWORD, MAKE SURE THEY ARE ENCRYPTED AND STORED SOMEWHERE SAFE!
Step 5 - Configure The x42 Daemon
Now we are going to modify the x42.conf file in order to automatically load our wallet and start staking 😊 First things first, lets stop our node by running the following command:
sudo systemctl stop x42node.service
CD to the following folder and view its contents:
~/.x42node/x42/x42Main ls -lah
within that folder there should be 2 files you are interested in:
-rw-r--r-- 1 darthnoodle darthnoodle 18K Jan 28 16:01 TestWallet.wallet.json -rw-rw-r-- 1 darthnoodle darthnoodle 3.1K Jan 24 15:25 x42.conf
So TestWallet.wallet.json is our physical wallet that will be loaded, but for right now we want to modify the x42.conf file.. fire up your favourite text editor (if you use VI you’re a masochist)..
The area we are interested in is the following:
####Miner Settings#### #Enable POW mining. #mine=0 #Enable POS. #stake=0 #The address to use for mining (empty string to select an address from the wallet). #mineaddress= #The wallet name to use when staking. #walletname= #Password to unlock the wallet. #walletpassword= #Maximum block size (in bytes) for the miner to generate. #blockmaxsize=1000000 #Maximum block weight (in weight units) for the miner to generate. #blockmaxweight=1000000 #Enable splitting coins when staking. #enablecoinstakesplitting=1 #Minimum size of the coins considered for staking, in satoshis. #minimumstakingcoinvalue=10000000 #Targeted minimum value of staking coins after splitting, in satoshis. #minimumsplitcoinvalue=10000000000
Uncomment (remove the #) of the following lines and change their value:
stake=1 (changed to 1) walletname=TestWallet (changed to our Wallet Name) walletpassword=password123 (changed to the wallet password)
save the file and exit back to the command prompt, now we shall restart the node with the following command:
sudo systemctl status x42node.service
now the wallet is automatically loaded and ready for action! YES I KNOW YOU HAVE PUT YOUR PASSWORD IN CLEARTEXT, THIS IS WHERE YOU SHOULD HARDEN YOUR BOX. IF THEY CAN GET TO THE POINT WHERE THEY CAN READ YOUR CONF FILE THEY CAN JUST GRAB YOUR WALLET AND BRUTEFORCE THE PASSWORD. You can check its loaded by going back to the API and executing the following command:
Or execute the following command on the NODE:
curl -X GET "http://127.0.0.1:42220/Dashboard" -H "accept: application/json"
both will produce the same output, if you scroll to the bottom you should see something like this:
The UI utilises a combination of technologies, however the important part is the code attempts to access the x42 Node API on 127.0.0.1:42220. So you have 2 options here:
Download the Wallet Installers
Compile The UI Yourselves
Pick the option that best suits you given the pros/cons below: Option 1 - Pro's/Cons Pro's
If you use the installer, its quick and easy.
This also installs an x42 node on your system which runs when the UI loads.
If you dont setup an SSH tunnel before running the wallet the local node will bind to the port and the tunnel wont work.. you will be connecting to the local wallet!!
Option 2 - Pro's/Cons Pro's
You only run the UI, the x42 node is not installed
you dont have a superfluous node running, downloading blocks on your local system
Have to download dependencies and manually compile the code
Pre-Requirement - Needed For Both Options!! As previously mentioned, the UI attempts to access the API's on 127.0.0.1:42220, however our node isnt running on our local system. IN ORDER TO GET IT WORKING YOU NEED TO HAVE AN SSH TUNNEL, THIS TUNNEL NEEDS TO REMAIN ACTIVE WHENEVER YOU WANT TO ACCESS THE WALLET. this can be done by executing the following command:
ssh -L 42220:localhost:42220 @
Step 8 - [Option 1 - Use Installer] Connect The UI Wallet To A Headless Node
Step 8 - [Option 2 - Build/Compile UI Only] Connect The UI Wallet To A Headless Node ###BROKEN
THIS IS STILL A WORK IN PROGRESS, THE ELECTRON BUILD DOESNT WANT TO COMPILE BECAUSE SOME CODE IS MANGLED SOMEWHERE!! Ok, this is the fun bit! .. we need to install the following dependencies. these instructions are written for a Windows system but it should be easy enough to perform the same on a *NIX system. Install Dependencies In order to build the wallet UI, you need to install the following components:
when this is done, we have fixed most of the package vulnerabilities 😊 We also get a complaint about the typescript library being too new for the version of angular in use, so run the following command to install the additional dependency:
Hello buildapc, the title serves as my main question. This is my first attempt at building a pc, and hearing that GPU prices have increased I want to make sure that I am buying the most cost-effective one. My sole purpose in building this pc is for gaming and entertainment. I have $2000 budgeted for this and I want a PC which lasts for as long as possible. Almost all the parts have been bought except the GPU. Initially I was planning to buy an EVGA 1070 SC since the 1080ti was a bit... costly, but a recent conversation with my friend has me hesitating. He has already built his own pc and keeps track of computer parts far more extensively than I do. He strongly suggests that I get a 1080ti for several reasons:
Even if I did get a 1080ti I'd still be within my $2000 dollar limit. Though personally if I can get away with cheaper that would be better.
I've already bought a Ryzen 7 1700x, a B350 motherboard, and a 16GB (2x8GB) DDR4-3200 memory. He argues that the rest of my parts are so high end that a 1070 would limit overall capability by holding everything back.
He said, "Bitcoin mining is irrelevant after 1060." However he's definitely not a bitcoin miner and I'm not sure if he's informed on bitcoin. I don't do bitcoin either so that comment is out of my consideration. I assume he meant that the price of either GPU will not change because they were not affected by the bitcoin mining in the first place.
A 1080ti will last longer. This is the crux of the argument. Like I said before I want this build to last as long as possible. I imagined doing this once only and not worrying about it anymore for as long as I can. I don't want to do any incremental upgrades either. My friends knows this, and says a 1080ti will be relevant even when the 1100 series comes out. Or at the very least it will outlast the 1070 by 2 years, if not 3.
In terms of how long I'm willing to keep the pc, I've been willing to play games at the lowest graphical quality and 30fps for the last 8 years. At times even worse than that. My friends (read: plural, not just the other pc builder) think it's because I haven't been exposed and a good gaming desktop will change my mind. I decided to accept their advice, but I still want to make the pc last for as long as it can. I plan to keep it all the way until the pc can only run games at, once again, lowest quality 30fps. At which point I plan to begin overclocking to squeeze out the last bits of value. So now I'm leaning towards buying a 1080ti; but in case my friend had incorrect information what do you all think? How long would you predict the 1080ti will last vs the 1070? Alternatively, if I buy a normal 1080 as a compromise, is that even a smart thing to do? A Few Extra Questions I will also admit that I might have my priorities all backwards. Even if a 1080ti could last that long, would you predict the GPU will "break" or essentially stop working due to age? I've read that there's no telling when a GPU will break. If mine breaks after 20 days... so will my heart. I live in a Mediterranean climate as well, which I understand is not the best, but is there anything I can do on my end to prolong its life? And if you say liquid cooling, I'd need a strong argument as to why. Because:
For one, I've already bought an air fan (though I admit I could easily buy another).
Two, I don't want my place to be any hotter than it needs to be. I heard that although liquid cools better the radiator makes the room hotter and (Mediterranean climate) + (indoor radiator heat) = don't want.
Three, I don't want to ever replace/fix a leaking problem in the entire time I own it.
Lastly, I do care about fan noise if you have any input concerning that. Thanks. The PC Build PCPartPicker part list (See price listed in table, not price in link)
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