Messages

316

Archived Proposals / Re: New Exchange - Coinsbit

« on: October 25, 2019, 10:39:25 AM »

Togo just made us all aware that Coinsbit does not support US citizens.

Lets discuss what should we do, offer .10 btc for the listing, or cancel the deal until they offer services to US citizens?

Time is of the essence so that we can either vote this down, or change the terms;

Community, what should we do?

Not being able to serve USA is a pretty big deal killer IMO. SouthXchange is nice because it seems to be welcome person from anywhere.


I believe crex24 has been requested before but they do not serve USA nor Canada either.

317

Archived Proposals / Re: BiblePay Evolution 2.0 Changes for Future Growth

« on: October 25, 2019, 12:30:32 AM »

That's a good analysis of Lynx Rob. The remainder BBP after PoDC will not use ABN. In lieu of ABN, what are the alternatives? How can you implement a way that uses existing blockchain data to diversify the miners and further mitigate 51% attacks? Recall that in the coinbase transaction, miners specify their own address. This change will propagate up causing all the Merkle hashes to change ensuring that no two miners are hashing the same inputs. In this scenario, I'm not sure how you can game the last two hex digits for coinbase address and block hash. I'm not married to this idea -- I'm just saying without ABN, I'd like to see a blockchain based scheme (no oracle) that will diversify who mines the reward..


If nothing changes, then it'll be a few hardware whales that mine all the blocks and discourage new members from mining. Already, I see difficulty spiking. This person only mined 1 block a day when ABN was on. Now, s/he is 2nd next to pool.biblepay.org and mines over 10% of the blocks daily: https://chainz.cryptoid.info/bbp/extraction.dws?1725459.htm

318

Archived Proposals / Re: BiblePay Evolution 2.0 Changes for Future Growth

« on: October 24, 2019, 04:49:19 PM »

You also have less predictable times between blocks when difficulty is higher. This is not good for perception. Is there a blockchain problem? Why is my transaction not confirming? Is my wallet okay? If you can keep difficulty low the time between blocks should be more predictable. That's a win-win there.

319

Archived Proposals / Re: BiblePay Evolution 2.0 Changes for Future Growth

« on: October 24, 2019, 02:03:23 PM »

Matching the last hex digit (sha256 of receiving address and sha256 of block hash) means you only have a 6.25% chance (1 out of 16) even after submitting an acceptable nonce. This by design allows other miners to submit a candidate block too. The white paper mentions other rules involved, but matching the hash of receiver address and candidate block will spread the reward around a bit more than it does now. Certainly, CPK (PoG) and CPID (PoDC) is a better way to identify miners but it comes at the cost of anonymity and depending on centralization (CPK) or anonymity (CPID).


If you consider what is required for a miner to keep mining is the reward. Someone who mines 1 block a day will keep mining versus someone finding a block only every 14 days. Already you can see that with ABN off, only a smaller handful of miner get block. At least with 125k ABN, you had more diversity since high hash power was choked out by ABN. This 1/16 idea is like in that is diversifies who gets the block.


I realize you're going with PoDC which will take the bulk of rewards, but if the remainder goes to geokats or bbp41b, that is very discouraging to the other smaller miners.


Sources:


Code is here: https://github.com/getlynx/Lynx/blob/b0ccb859ee03ee89b18d1db72ec4d4a7f4fcff77/src/lynx_rules.cpp#L280


See page 21-22 http://cdn.getlynx.io/2019-03-17_Lynx_Whitepaper_v1.1.pdf


Is the last digit value found in the coinbase address (as a hash) different from the last digit value found in the candidate block hash? If yes, the candidate block is not confirmed and not propagated to peers.

320

Archived Proposals / Re: BiblePay Evolution 2.0 Changes for Future Growth

« on: October 21, 2019, 05:48:39 PM »

- Lower ABN fees:  Although counter intuitive that with a rising diff, you would expect a *higher* abn, we actually want a higher diff (to make each currency unit more expensive), and we want a lower abn, to bring in as many users as possible.

I've been working on a graph of CPK miner. I can show you that 8 ppl are mining more than 33% of the blocks per day.


148 unique cpk. On average, only 20 CPK have gotten 3 blocks or more blocks per day.


If you want more miners (and keep them mining), more "luck" needs to be introduced into the mix. Hash power & a little a ABN can not be the sole determinants for mining a block. That's why I still feel matching hash of miner reward address to block hash will be more effective in recruiting miners and keeping miners with BiblePay. 1 in 16 chance to mine the block means another miner will get an opportunity to mine the block. This allows for block distribution to more miners and provides the positive feedback that single computer miners need. True decentralization of miners will be a big selling point (as opposed to Bitcoin, DASH, etc).

321

Archived Proposals / Re: BiblePay Evolution 2.0 Changes for Future Growth

« on: October 20, 2019, 01:40:21 PM »

turning off qt is a good idea.



is world community grid (wcg) a possibility instead of rosetta? there are projects that align with children, cancer (smash childhood cancer), and improving infrastructure in places where we support orphans (Africa) :
https://www.worldcommunitygrid.org/research/viewAllProjects.do?proj=comp







http://oncoapop.sdf.org/biblepaymain/emission_table.html[/font]

currently:
monthly super block 10%
mining 25%
sanctuary 25%
gsc 40%

from gsc 40%
... pog 47.5%
... poom 47.5%
... healing 5%


new proposal:
monthly super block 10%
mining 20%
sanctuary 35%
gsc 35%

from gsc 35%:
... podc 80%
... healing 5%
... poom 15%


if the new percentages are correct, does poom 15% cover the monthly 10%. it would still be shored up with monthly proposals after exchange listing fees are paid up?

322

Archived Proposals / Re: New Exchange - Coinsbit

« on: October 19, 2019, 11:35:18 AM »

What do you see as the benefit of getting on another exchange?


Do you think additional exchange will dilute the volume?


What trade pairs are initially being offered?


Do any of the non-profits that wish to liquidate benefit from a new exchange? For example, a BBP to USD pair and easy withdrawal might streamline the process for USA non-profits?

323

Archived Proposals / Re: Lower ABN Requirement?

« on: October 07, 2019, 07:25:44 PM »

did you have a point about the abnweight? lower yes or lower no?

324

Archived Proposals / Re: Lower ABN Requirement?

« on: October 03, 2019, 09:38:13 AM »

I say raise ABN requirements to 256k.

325

TestNet Discussion Archive / Re: TestNet - BiblePay-Evolution & GSCs (Generic Smart Contracts)

« on: September 24, 2019, 04:40:54 PM »

In my case, I used our upgradesanc command.  Heres how I created a deterministic using the legacy with upgrade method:
- Send 4,500,001 to myself using QT wallet
- Type masternode outputs - copy the TXID and ordinal
- Edit the controllers testnet3/masternode.conf file
- Past IP:Port MNP txid ordinal (in the file)
- Type 'upgradesanc sancname 0' .  Verify this will work.
- Type 'upgradesanc sancname 1'.  Copy the masternode bls priv key to the Sanc "biblepay.conf" file.  Also ensure the sanc has masternode=1 in it.
- Reboot the sanc so it uses the bls priv key.

Will instructions differ for someone who creates a sanctuary after having bought 4.55M from an exchange and want to self-host?


The upgradesanc only applies if a 4.55M sanctuary already exists but upgrading to a newer version?


I want to write a sanctuary set up guide but it is not clear what the sanctuary creation options are.

326

Archived Proposals / Re: Remove Port Restriction on Hosted Sanctuaries

« on: September 21, 2019, 04:11:26 PM »

It is certainly cheaper because of consolidating nodes onto one server. You can rent one beefy server (hetzner, scaleway) and not have to pay for multiple IPs per month. Downside is that is a potential DDoS attack or network route going down will take all the sanctuaries (masternodes) offline. With (B) IPFS, having all nodes on the same server would be risky since one server or network down means all the IPFS nodes go offline.

327

TestNet Discussion Archive / Re: TestNet - BiblePay-Evolution & GSCs (Generic Smart Contracts)

« on: September 17, 2019, 05:17:19 PM »

The 20% POBH would be a standard calculation (692,193 * .20 = 138,438) per day.

Hi Rob - Can you clarify something for me? When a block is mined, the split between miner and sanctuary is split evenly. The amount that is split varies based (I think) on the difficulty set by Dark Gravity Wave (DGW) algorithm. So, your figure of 692,193 comes from a fixed difficulty value of some sort? I would think the PoBH and Sanctuary split will adhere to their respective percentages, but amount being split is not a fixed known is it?


I had considered that with ABN (anti bot net) being so successful, if you've considered making mined block values to be fixed or to dwindle on a fixed schedule of some sort like Bitcoin. It feels like to me that the economics breakdown is easier to project without the difficulty variable. Easier to market, easier to predict BBP earnings, and you don't have to change documentation as often.

328

Archived Proposals / Re: Should we Re-Enable our Anti-Bot-Net Feature in Prod (ABN)

« on: September 03, 2019, 10:49:46 AM »

Average difficulty last 1000 blocks is 4.3k


286 blocks out of 1000 had difficulty greater than 5k.


I wonder if it is time to consider raising the abn weight requirement from 125k to 250k.


Since greater abn weight will encourage more hodling this will:


1) encourage more bbp purchases from exchange,
2) better payout for miners & masternodes,

3) discourage bot net even further

329

Archived Proposals / Re: Cryptoid Explorer for next six months (Aug 2019 ~ Mar 2020)

« on: August 30, 2019, 01:54:50 PM »

We got 4.7 months paid for.

bbp (Biblepay) on 2019-08-30 20:53 Expires 2020-01-27 23:09 (in 149.1 days) On 2019-08-30 20:00, credit "Paymium c36c24" (144.88 days), new expiry 2020-01-27 23:09 On 2019-05-14 09:15, credit "BTC at $8000 bonus!" (8.00 days), new expiry 2019-09-05 01:57 On 2019-04-29 09:07, credit initial contribution ()

330

Archived Proposals / Re: Cryptoid Explorer for next six months (Aug 2019 ~ Mar 2020)

« on: August 30, 2019, 12:29:16 PM »

The price of BBP changed from 8 sat to 5 sat since writing the proposal.


We barely got 4 months extended due to BBP/BTC price change.



100,000 bbp
-2500 bbp proposal fee
97,500 bbp
to BTC @ 5 satoshi


SouthXchange
taker fee: 0.00001462
to receive .00486038 BTC
withdraw fee: .0001


to receive .00476038 BTC


97500 BBP is ~$46.56 USD


This is the chainz BTC address I was given.
https://chainz.cryptoid.info/btc/address.dws?1AGzwDaszLFr2DPqZnxfMNvjysnqLwmdbf.htm


I sent them 0.00476038 BTC for 4+ months of service