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IQ.Cash Cryptocurrency - Way To Generate is good service

IQ.Cash Cryptocurrency - Way To Generate is good service

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The IQ.cash project team has already developed for their investors the IQ Masternode network that they use. Also, the IQ coin is presented on such well-known exchanges as HitBTC, BitHumb Glogal, P2PB2B, CoinsBit, BitForex, CREX24 and Mercatox. Therefore, traders can easily trade it! If an investor has more than 3000 IQ on his balance sheet, then he can receive passive income 57% of the block, miners, in turn, receive 43% of the block. We still have 6%, which are reserved for DAO (decentralized autonomous organizations), that is, they are used to invest, for example, in ICO projects, websites, trading bots, and improving the entire IQ ecosystem . cash and so on. All of these unique features can help make the IQ.cash platform popular around the world. You may come to this article to find out about the massive passive income, but worth noting that you should know what it is about. Think about it, investing money to something vague is very risky. Thus, what is IQ cash? To make it brief, this is another cryptocurrency that has quite clear and potential income. Just like bitcoin, this IQcash has a potential fluctuation which increases and give great passive income through the magnificent distribution splits. It is also easy to say that IQ cash is an investment master nodes Cryptocurrency which is open for everyone. In this matter, whether it is for investors, traders, or even miners. Yes, those who are familiar with the world of cryptocurrency are the target of this project. The main task is to provide instant anonymous online payment along with the investing system. The IQ cash platform ecosystem work as DAO (decentralized Autonomous Organization.

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One thing that makes this digital money gain quite a lot of participants in the available wallets. Not a real physical wallet, but one to store all your cryptocurrency. In this case, the wallet is available for Windows, Linux, and Mac. You can choose one that fits with the equipment you have. Along with that, you can install the masternode on your home pc or Linux VPS. Your masternode will just do the earning rewards, without all the other extra features. If you want to install, you can use PC running windows Mac or even Linux. However, on VPS you have to use Linux with Ubuntu 16.04 version. Other than that, there are some requirements you have to fulfill. The first one is having a 3000 IQ or more on balance. Even 3001 coin is acceptable. Then, use only one PC for dedicated IP-address and also a 24/7 network connectivity (network loos less than 30 – 60 mins) without any interrupted operating system. Security - it is the most considered aspect of investment, as we know that investing in cyberspace is very risky. Therefore, IQ.Cash presents the security of investor accounts, where all accounts cannot be blocked and, most importantly, account funds can only be accessed by the account holder. Masternodes - how do we know IQ. Cash uses the PoW consensus algorithm that supports the Masternode system. this certainly adds to the intrinsic value of this project, which economically can add a value of approximately 43% and indirectly increases passive income by around 57% for all participants in the masternode. Masternode provides network integrity. Transaction anonymity and transaction speed. Of course, to run a masternode system, everyone can only invest 3000 IQ and then immediately enjoy the results obtained with this IQ.Cash masternode feature. Anonymity of the transaction - this is more about the privacy of the transaction itself. where users can completely trust the system. and you don’t have to worry about data access by irresponsible parties. because the system automatically encrypts data when transferring and receiving assets

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The IQ.cash platform operates on the basis of the POW consensus with support for a system such as MASTERNODE. And this is very cool, since this system makes the project more interesting and attractive for crypto enthusiasts. Indeed, thanks to the MASTERNODE system, miners receive 43% from mining, and people who own MASTERNODE receive a passive income of 57%. MASTERNODE supports the network, i.e. data privacy, transaction anonymity and speed, and much more. To become the owner of MASTERNODE you need to have more than 3000 IQ on your balance sheet. Anonymity. Transaction anonymity is provided by the PrivateSend algorithm. Users can feel safe and not worry about their assets. Since this system perfectly encrypts data. Therefore, you can safely send and receive any crypto assets. ASIC RESISTANCE. This technology is struggling with such a serious problem as a significant acceleration in the growth of network complexity. IQ network . cash works on the basis of the NeoScrypt algorithm, which is struggling with this problem. High transaction speed. Such an instant transaction speed, because the InstantSend algorithm works. Just think about it, the transaction speed is only about five seconds. Absolute decentralization. Affect both participants and crypto assets of the IQ network . cash no one can. Because everything will be safe, reliable and transparent.
Only requires a transaction speed of only about 5 seconds / transaction. And all transactions are done instantly, so this will provide a very efficient way of working for the users later. more and more projects have started to appear, whose actions are directed to one of the niches of our daily activities. This is excellent, we have been waiting for this for many years, but at the moment, strange as it may seem, projects aimed exclusively at the crypto industry have become a minor order of magnitude. It was simply impossible to take it. And now a project has appeared on the horizon that positions its activities exclusively as a useful product for mining companies, investors and even traders. As it turned out, the team has a work product, whose currency is traded on many major exchanges. That's good luck, I smiled and started to study the IQ.cash project and its capabilities. Go back to the main interface and choose a personal tab (bottom right corner). Then, move to the next phase by choosing the Fee & Payment tab. You will see fee balance, FLS, BTC fee deposit address, and other information. In here, copy the IQ.cash wallet address in the FLS address tab. To move on to the next stages, you should have bought the required number of IQ cash (3000 IQ cash) beforehand. You can buy the IQ cash masternode from the official sites.
Official Resources Website: https://iq.cash/ Discord: https://discord.gg/qekuX6r Github: https://github.com/IQ-Cash/iqcash/releases Youtube: https://www.youtube.com/finexpo ANN thread: https://bitcointalk.org/index.php?topic=4360591 Twitter: https://twitter.com/IQ\_Crypto Telegram: https://t.me/IQ\_cash Wallets: https://iq.cash/ Explorer: https://explorer.iq.cash/
AUTHOR: Lost Stories Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2733279
submitted by TasnuvaTahani to CryptocurrencyICO [link] [comments]

[FULOOSCOIN] Welcome to our Community and everything you need to know in a few minutes.

What is Fuloos Coin and why should we use it?

Fuloos Coin is an open-source digital currency, allowing merchants and users across the globe to send transactions fast and with low fees. We officially released Fuloos Coin on December 1st, 2017.
We are the next digital currency that uses the Scrypt Algorithm to allow users to transact their funds fast and with low fees across the world without delays with the ability to stake your coins to earn interest on your funds.
Fuloos Coin has grown a lot since we started in 2017, reaching other 20,000+ members supporting the community and the development team for the future of the Fuloos making us the most affordable cryptocurrencie for merchants and users around the world making it easier to pay for services, friends or employees with almost instant transactions.
Our main infrastructure is backed by multiple dedicated nodes to insure our network never goes down and allowing users to use Fuloos Coin any time of the day providing a secure and reliable environment for merchants with no downtime what's so ever.

Where can I buy Fuloos Coins?

Here's a list of the current exchange platforms that allow you to trade FLS with different cryptocurrencies:
We are hoping to be listed on many more exchanges over the coming weeks to improve the accessibility of purchasing coins and daily trading for Fuloos.
Any other questions regarding this? Please, contact one of the team members in one of the social chats we provide.

What is staking?

Staking also known as Proof-of-Stake or POS, is the ability for Fuloos Coin holders to earn interest on their funds with our inbuilt stake-miner into our desktop wallets which allows our network to run smoothly with our community support by validating transactions or by mining blocks just by keeping your wallet open.
For example, if I had 1000 Fuloos Coin's and if the transaction's dates have been longer than seven days, I could potentially earn 0.85 Fuloos Coin's every 10 minutes.
Technical Specifications:
If you would like to know more information about staking your funds, you can use our own calculator to find out how much you can earn.
Proof-of-Stake Calculator

Where can I store my coins?

There are several options on places to store your coins, starting from the exchange platforms which have inner wallets like Stocks.Exchange. However, the most secure way to store your coins is to keep it in outside wallets. Here’s a list of wallet options to store your coins:
Choose the best option that is suitable for you and don’t feel shy to ask us for help when setting up your wallet. Please, understand that your wallet is a source where you store your funds. Take it seriously, use all the available protection methods (backups, 2FA, complicated passwords).

Are there any local communities presented in my native language?

Definitely, Fuloos Coin is a cryptocurrencie with supporters all over the world. Be the first one to hear news in your native language and meet other users in our community!
You can see our community managers via our official team page on our website and also can ask questions in our chats to speak one of the community managers directly, if you have any suggestions for the Fuloos Team or your local community.

Can I use Fuloos Coin as a payment method? Is it possible to spend the coins in a store, shop, hotel, etc.?

Of course, you can purchase items or buy goods/services using Fuloos. We are currently working on our new merchant platform which will allow online store owners to accept Fuloos easily using a created plugin by our development team.
Popular E-commerce Platforms will be supported:
If you are a developer and would like to help create service or integrate Fuloos into your own website, you can use the created PHP Class created by LiteSpeed to make it easier to install and use, there will also be a c++ version released soon for programs integration.
https://github.com/LiteSpeedDev/FuloosRPC/

Social Links & Community Chats.

Following our social media and joining our community chats will allow you to keep up to date with the Fuloos Development and News relating to Fuloos Partners and Announcements.
The Fuloos team is glad to welcome every new user into our community. Join our family to be a part of one of the most prospective cryptocurrencies and enjoy it!
Yours truly,
LiteSpeed, CryptoKnight & the Fuloos Team.
submitted by Fuloos to Fuloos [link] [comments]

Of Wolves and Weasels - Day 189 - The State of Dogecoin

Hey all! GoodShibe... on Vacation!
Please enjoy this post by Guest Writer thistime1 and tip them well ;D)
Note: To tip them directly: +dogetipbot @thistime1 xxx doge verify
I have collected as much data as I could possibly find and contacted as many major players in the Dogecoin community as I could. I hope you all find this synthesis of information informative and worthy of discussion.
Anything that was announced in the few days before this was posted may not be included here, due to me working on this for the last 2 weeks! Sorry if I missed you.
I hope to do this again, maybe even as a quarterly report.
Please take all the information presented to you here and make your own conclusions about how important each piece of data is to YOUR view of Dogecoin.
Price
1 Doge = $0.00029 USD
Price would have to increase ~750% to be back at peak value ($0.0022/dogecoin).
COMPARED TO LITECOIN
1 LTC = $7.60 USD
Price would have to increase ~650% to be back at peak value ($48/litecoin).
Market Capitalization
7th of all digital currencies, ~$23 Million USD
Our market cap has been declining the last few months, most coin’s have. I am excited to know what our year-to-year price change will be as that is a better measure of change than the last 30 days.
For the past few days I have been trying to find a graph of the TOTAL market cap of all coins together over time.
I have a theory that not a lot of money is being put into cryptocurrencies at the moment, and the coins that go up in value are taking away value from others. What do you think?
I want to know if this is true, or if I am crazy. If that is somewhat true, there is a limit to how many coins will make it big.
I'd love to just see the total ALTCOIN market cap over time as well.
Hashrate/Halving
Hashrate = ~50GH/s
Oddly, this is about the same hashrate we had after the last halving! ASICs inbound…
I could not find what proportion of the SCRYPT hashrate we have over time, as that is the best measure of hashrate in relation to other coins.
I do have this though.
Litecoin’s hashrate is about 10 times larger than ours now.
The current block reward (recent halving) will create 90 Million Dogecoins/day or 38.7BTC at current prices.
This means that if ALL mined Dogecoins are sold every day they would only make up 3.8-7.5% off all transaction volume per day, which is around 500-1000BTC/day.
When the price stays the same, we can assume 250-500BTC of Dogecoins are bought or sold in that day. Therefore miners do not make up a large portion of the selling anymore, and they haven't for a while.
Another BIG assumption you have to make is that 38.7BTC cannot move markets. From my personally observations, the Cryptsy DOGE/BTC market controls the price of Dogecoin. I have watched the Chinese markets (BTC100, BTC38, BTER) respond to changes in price after they happen on Cryptsy. ~38BTC can have a HUGE impact on price if buy/sell walls are not there to support it.
We need more demand, but it is nice to have less pressure from miners anyways.
Liquidity is still much much higher with Litecoin though!
Transactions per Day
Dogecoin has more transactions per day Litecoin, and all other altcoins.
Sent from addresses
Dogecoin has more unique addresses sending coins per day than Litecoin, and all other altcoins.
Average Transaction Value
Average Litecoin transaction value for today was $9,380 USD.
Average Dogecoin transaction value for today was $122 USD.
Average Bitcoin transaction value for today was $3,250 USD.
http://bitinfocharts.com/comparison/transactionvalue-btc-ltc-doge.html Dogecoin is potentially being used exactly as intended. Lots of people sending small amounts of money to each other or things.
I am stunned that the AVERAGE person sending Litecoins that day, sent almost $10K.
That is 3x higher than Bitcoin. In fact, oddly, Litecoin always has a higher average transaction value than Bitcoin since the Bitcoin bubble in late 2013. Anybody know why?
We usually DO NOT have higher transaction volumes than Litecoin, but we do consistently have ~500-1000BTC/day that is transacted, putting Dogecoin in the top 5 most traded coins.
Dogecoin Address Growth
Dogecoin has also GAINED 14,653 positive addresses in the month of June, where Litecoin has LOST 33,875. (info from bitinfocharts and currency4world)
Wikipedia Statistics (http://stats.grok.se/)
Bitcoin traffic – Average ~9000 views in the last 90 days (highest 18614 views/day) – total views/90 days 819,193
Litecoin traffic – Average ~380 views in the last 90 days (highest 998 views/day) – total views/90 days 40,036
Dogecoin traffic – Average ~1200 views in the last 90 days (highest 8629 views/day) – total views/90 days 154,415
Circlejerking Statistics
Bitcoin recently surpassed 1 Yottahash, I believe we are up to almost 1 Yottajerk of circlejerking power. I am excited for a few years from now, when the QuantumJerk ASICs are released.
Every time I read someone calling /dogecoin a circlejerk I laugh, not because they are wrong, but because they are just stating the obvious.
Do you think there is someone in the corner of the room at NASA who just comments about how all they talk about is rockets and space?
If dreaming big and congratulating ourselves on our achievements is a circlejerk, then I guess it’s human to circlejerk. Every subreddit is a circlejerk, the only difference in /dogecoin is that you can get tips from circlejerking. (Is that prostitution?)
The main point of this section was to see how many times I could type circlejerk.
Foundation
The new Dogecoin Foundation is now a legal enitiy and will have a road map of working projects
Personally I would love to see someone from the Chinese Dogecoin community represented on the Foundation. They buy and sell a lot of Dogecoins Maybe just a liason position or something.
At the very least, during fundraisers, the Chinese community should be contacted to see if they want to help out!
Development
Dogecoin is the ONLY altcoin with the Core/Wallet/qt based off of Bitcoin 0.9. Dogecoin Core will be kept up to date and features from the Bitcoin Core will be adopted quickly. The devs are doing great so far, especially against coins with full-time PAID developers!
CrytoSaga
Unprecedented cryptocurrency modeling software will be written to test possible outcomes to changes in Dogecoin’s algorithm. Main candidates are PoS 2.0, Tendermint, and SIMD. To my knowledge, this has never been created before in all of cryptocurrency, and will definitely further highlight the abilities of Dogecoin’s development team.
A payment protocol is also being worked on.
Cryptiv
Dogetipbot
Twitch tipping with dogetipbot will go live soon! You can sign up to be invited to the beta, here.
After Twitch tipping goes live, there will be a huge announcement
I have followed what mohland and dvorwak have said about it, here.
Coingecko
Price might not be so encouraging at the moment, but stay faithful. Keep up the good work. Encourage more people to join. The community is something special. I have strong faith that it will be heading to the moon!
Coinplay.io
http://www.cryptocoinsnews.com/news/kansas-city-startup-incubator-partners-dogecoin-based-coinplay-io/2014/07/09
Suchlist
SnapCard
Buy ANYTHING in Dogecoins that is for sale online. Available in over 50 countries. Only BTC, LTC, DOGE, and XRP are supported.
WeSellDoges
Onarbor
The biggest new Onarbor feature announcement is ability to back and re-back works and reviews. This was the top request so we're glad to finally implement it. Coming soon will be more tailored feeds where we will allow people to follow creators that interest them (will allow TwitteFB/linkedin auth to find friends/colleagues).
What can Dogecoin do better?
Marketing
For a coin that has done some of the best marketing out there, we suck at getting major announcements across on multiple platforms.
I am hoping /dogecoin_pr will bring this up to par.
EXAMPLE:
51.54% of Dogecoin users are on Dogecoin Core 1.6.( http://bitinfocharts.com/dogecoin/)
Maybe merchants and such are not to keen on updating if it is not required, but maybe they just do not know about 1.7.
When 1.8 comes out, I would love to see a sticky thread on the subreddit, an announcement on the official Dogecoin Twitter and Facebook pages, an announcement on the front of the BitcoinTalk forum, as well as contacting cryptonews websites.
Dogecoin has a large social media presence and should be taking advantage of THAT!
Tipping
I am concerned that there are not that many external deposits made to everyone’s dogetipbot accounts. Until there are more tipping users, I fear that we may be only be tipping coins that were tipped to us in the first place. That is not the best way to build demand. I am hoping mohland has some data on this.
I strongly believe in the tipping economy and culture of Dogecoin, and personally, that is how I think we can best build demand. Until we have more tipping users, it is up to us to build that demand, and the work could pay off.
Dogecoin.com
I know you powerlemons is working on updating this, but the website is COMPLETELY MISSING a section on how to accept Dogecoin. This should be just as big as the other coloured sections!
ALSO
This should be added to the “Get Dogecoin” section at the bottom of the page.
I have tried to keep it updated as much as possible, but would love the community to notify me of any changes
COMMENTS
Josh Wise
“I have said this to a few people in the community but my two cents on this is to keep it fun, charitable, and stick to the fundamentals that made the community grow so much initially. My personal opinion (and I really have no clue what I am talking about) is that this community grew so fast because it was so much fun, anything seemed possible, everything seemed worth trying and there were not many negative undertones with anything. It seems like people are really getting wrapped up in a lot of negatives right now and that is never productive. The law of attraction will rule in the end and as long as people are positive- no matter the circumstance- the circumstance will become positive. I love this place and wish only the best for dogecoin and the community, and like I said, I have no clue as to all of the intricacies and the many moving parts past and present. Only my two cents on what I see (:
As far as upcoming projects- I am still working on some new shirts by popular demand. I would really love to either race the Dogecoin car in a few Superspeedway races next year, or try to raise money so that we can run the rear bumper all season. I am super thankful for all that has come of this and want to continue to help build the brand and awareness in any ways possible. A lot of that is really up to the community though and not me.”
Co-founder (BillyM2K aka Shibetoshi Nakamoto)
“A community that is having fun, building cool things, and coming together for great causes and fun causes alike is exceptionally more valuable than one that is trying desperately to create value by finger pointing, complaining, witch hunting, attempting to market useless features, and ultimately eating itself.”
thistime1 - High Anxiety Shibe
I hope you all learned something today. I tried really hard to make sure that was the case.
Who do I love?
It's 7:41AM EST and we've found 87.49% of our initial 100 Billion DOGEs -- only 12.51% remains until our period of Hyper-inflation ends! Our Global Hashrate is up from ~44 to ~47 Gigahashes per second and our Difficulty is up from ~708 to ~724.
I Hope you enjoyed today's Guest Post by thistime1!
Note: To tip them directly:
+dogetipbot @thistime1 xxx doge verify
GoodShibe
submitted by GoodShibe to dogecoin [link] [comments]

Great interview questions for bitcoin engineers

From here...
https://bitcointalk.org/index.php?topic=5006583.0
Questions. Chapter 1: Introduction 1. What are the main Bitcoin terms? 2. What is a Bitcoin address? 3. What is a Bitcoin transaction? 4. What is a Bitcoin block? 5. What is a Bitcoin blockchain? 6. What is a Bitcoin transaction ledger? 7. What is a Bitcoin system? What is a bitcoin (cryptocurrency)? How are they different? 8. What is a full Bitcoin stack? 9. What are two types of issues that digital money have to address? 10. What is a “double-spend” problem? 11. What is a distributed computing problem? What is the other name of this problem? 12. What is an election? 13. What is a consensus? 14. What is the name of the main algorithm that brings the bitcoin network to the consensus? 15. What are the different types of bitcoin clients? What is the difference between these clients? Which client offers the most flexibility? Which client offers the least flexibility? Which client is the most and least secure? 16. What is a bitcoin wallet? 17. What is a confirmed transaction and what is an unconfirmed transaction? Chapter 2: How Bitcoin works. 1. What is the best way to understand transactions in the Bitcoin network? 2. What is a transaction? What does it contain? What is the similarity of a transaction to a double entry ledger? What does input correspond to? What does output correspond to? 3. What are the typical transactions in the bitcoin network? Could you please name three of such transactions and give examples of each type of the transaction? 4. What is a QR and how it is used in the Bitcoin network? Are there different types of QRs? If so, what are the different types? Which type is more informational? What kind of information does it provide? 5. What is SPV? What does this procedure check and what type of clients of the Bitcoin network usually use this procedure? Chapter 3: The Bitcoin client. 1. How to download and install the Core Bitcoin client? 2. What is the best way to test the API available for the Core Bitcoin client without actually programming? What is the interface called? 3. What are the major areas of operations in the Bitcoin client? What can we do with the client? 4. What are the available operations for the Bitcoin addresses? 5. What are the available read operations for the Bitcoin transactions? How is a transaction encoded in the Bitcoin network? What is a raw transaction and what is a decoded transaction? 6. If I want to get information about a transaction that is not related to any address in my own wallet, do I need to change anything in the Bitcoin client configuration? If yes, which option do I need to modify? 7. What are the available read operation for the Bitcoin blocks? 8. What are the available operations for the creation of the transactions in the Bitcoin network? 9. How do you normally need to address the unspent output from the previous transaction in order to use it as an input for a new transaction? 10. What is the mandatory operation after creating a new transaction and before sending this new transaction to the network? What state does the wallet have to be in order to perform this operation? 11. Is the transaction ID immutable (TXID)? If not why, if yes, why and when? 12. What does signing a transaction mean? 13. What are the other options for Bitcoin clients? Are there any libraries that are written for some specific languages? What types of clients do these libraries implement? Chapter 4: Keys, Addresses and Wallets. 1. What is a PKC? When it was developed? What are the main mathematical foundations or functions that PKC is using? 2. What is ECC? Could you please provide the formula of the EC? What is the p and what is the Fp? What are the defined operations in ECC? What is a “point to infinity”? 3. What is a Bitcoin wallet? Does this wallet contain coins? If not, what does it contain then? 4. What is a BIP? What it is used for? 5. What is an encrypted private key? Why would we want to encrypt private keys? 6. What is a paper wallet? What kind of storage it is an example of? 7. What is a nondeterministic wallet? Is it a good wallet or a bad wallet? Could you justify? 8. What is a deterministic wallet? 9. What is an HD wallet? 10. How many keys are needed for one in and out transaction? What is a key pair? Which keys are in the key pair? 11. How many keys are stored in a wallet? 12. How does a public key gets created in Bitcoin? What is a “generator point”? 13. Could you please show on a picture how ECC multiplication is done? 14. How does a private key gets created in Bitcoin? What we should be aware of when creating a new private key? What is CSPRNG? What kind of input should this function be getting? 15. What is a WIF? What is WIF-Compressed? 16. What is Base58 encoding and what is Base58Check encoding? How it is different from Base64 encoding? Which characters are used in Base58? Why Base58Check was invented? What kind of problems does it solve? How is Base58Check encoding is created from Base58 encoding? 17. How can Bitcoin addresses be encoded? Which different encodings are used? Which key is used for the address creation? How is the address created? How this key is used and what is the used formula? 18. Can we visually distinguish between different keys in Base58Check format? If yes, how are they different from each other? What kind of prefixes are used? Could you please provide information about used prefixes for each type of the key? 19. What is an index in HD wallets? How many siblings can exist for a parent in an HD wallet? 20. What is the depth limitation for an HD wallet key hierarchy? 21. What are the main two advantages of an HD wallet comparing to the nondeterministic wallets? 22. What are the risks of non-hardened keys creation in an HD wallet? Could you please describe each of them? 23. What is a chain code in HD wallets? How many different chain code types there are? 24. What is the mnemonic code words? What are they used for? 25. What is a seed in an HD wallet? Is there any other name for it? 26. What is an extended key? How long is it and which parts does it consist of? 27. What is P2SH address? What function are P2SH addresses normally used for? Is that correct to call P2SH address a multi-sig address? Which BIP suggested using P2SH addresses? 28. What is a WIF-compressed private key? Is there such a thing as a compressed private key? Is there such a thing as a compressed public key? 29. What is a vanity address? 30. What is a vanity pool? 31. What is a P2PKH address? What is the prefix for the P2PKH address? 32. How does the owner prove that he is the real owner of some address? What does he have to represent to the network to prove the ownership? Why a perpetrator cannot copy this information and reuse it in the next transactions? 33. What is the rule for using funds that are secured by a cold storage wallet? How many times you can send to the address that is protected by the private key stored in a cold storage? How many times can you send funds from the address that is protected by the private key stored in a cold storage? Chapter 5: Transactions. 1. What is a transaction in Bitcoin? Why is it the most important operation in the Bitcoin ecosystem? 2. What is UTXO? What is one of the important rules of the UTXO? 3. Which language is used to write scripts in Bitcoin ecosystem? What are the features of this language? Which language does it look like? What are the limitations of this language? 4. What is the structure of a transaction? What does transaction consists of? 5. What are the standard transactions in Bitcoin? How many standard transactions there are (as of 2014)? 6. What is a “locking script” and what is an “unlocking script”? What is inside these scripts for a usual operation of P2PKH? What is a signature? Could you please describe in details how locking and unlocking scripts work and draw the necessary diagrams? 7. What is a transaction fee? What does the transaction fee depend on? 8. If you are manually creating transactions, what should you be very careful about? 9. Could you please provide a real life scenario when you might need a P2SH payment and operation? 10. What is the Script operation that is used to store in the blockchain some important data? Is it a good practice? Explain your answer. Chapter 6: The Bitcoin Network. 1. What is the network used in Bitcoin? What is it called? What is the abbreviation? What is the difference between this network architecture and the other network architectures? Could you please describe another network architecture and compare the Bitcoin network and the other network architectures? 2. What is a Bitcoin network? What is an extended Bitcoin network? What is the difference between those two networks? What are the other protocols used in the extended Bitcoin network? Why are these new protocols used? Can you give an example of one such protocol? What is it called? 3. What are the main functions of a bitcoin node? How many of them there are? Could you please name and describe each of them? Which functions are mandatory? 4. What is a full node in the Bitcoin network? What does it do and how does it differ from the other nodes? 5. What is a lightweight node in the Bitcoin network? What is another name of the lightweight node? How lightweight node checks transactions? 6. What are the main problems in the SPV process? What does SPV stand for? How does SPV work and what does it rely on? 7. What is a Sybil attack? 8. What is a transaction pool? Where are transaction pools stored in a Bitcoin network client? What are the two different transaction pools usually available in implementations? 9. What is the main Bitcoin client used in the network? What is the official name of the client and what is an unofficial name of this client? 10. What is UTXO pool? Do all clients keep this pool? Where is it stored? How does it differ from the transaction pools? 11. What is a Bloom filter? Why are Bloom filters used in the Bitcoin network? Were they originally used in the initial SW or were they introduced with a specific BIP? Chapter 7: The Blockchain. 1. What is a blockchain? 2. What is a block hash? Is it really a block hash or is it a hash of something else? 3. What is included in the block? What kind of information? 4. How many parents can one block have? 5. How many children can one block have? Is it a temporary or permanent state of the blockchain? What is the name of this state of the blockchain? 6. What is a Merkle tree? Why does Bitcoin network use Merkle trees? What is the advantage of using Merkle trees? What is the other name of the Merkle tree? What kind of form must this tree have? 7. How are blocks identified in the blockchain? What are the two commonly used identities? Are these identities stored in the blockchain? 8. What is the average size of one transaction? How many transactions are normally in one block? What is the size of a block header? 9. What kind of information do SPV nodes download? How much space do they save by that comparing to what they would need if they had to download the whole blockchain? 10. What is a usual representation of a blockchain? 11. What is a genesis block? Do clients download this block and if yes – where from? What is the number of the genesis block? 12. What is a Merkle root? What is a Merkle path? Chapter 8: Mining and Consensus. 1. What is the main purpose of mining? Is it to get the new coins for the miners? Alternatively, it is something else? Is mining the right or good term to describe the process? 2. What is PoW algorithm? 3. What are the two main incentives for miners to participate in the Bitcoin network? What is the current main incentive and will it be changed in the future? 4. Is the money supply in the Bitcoin network diminishing? If so, what is the diminishing rate? What was the original Bitcoin supply rate and how is it changed over time? Is the diminishing rate time related or rather block related? 5. What is the maximum number of Bitcoins available in the network after all the Bitcoins have been mined? When will all the Bitcoins be mined? 6. What is a decentralized consensus? What is a usual setup to clear transactions? What does a clearinghouse do? 7. What is deflationary money? Are they good or bad usually? What is the bad example of deflationary spiral? 8. What is an emergent consensus? What is the feature of emergent consensus? How does it differ from a usual consensus? What are the main processes out of which this emergent decentralized consensus becomes true? 9. Could you please describe the process of Independent Transaction Verification? What is the list of criteria that are checked against a newly received transaction? Where can these rules be checked? Can they be changed over time? If yes, why would they be changed? 10. Does mining node have to be a full node? If not, what are the other options for a node that is not full to be a mining node? 11. What is a candidate block? What types of nodes in the Bitcoin network create candidate blocks? What is a memory pool? Is there any other name of the memory pool? What are the transactions kept in this memory pool? 12. How are transactions added to the candidate block? How does a candidate block become a valid block? 13. What is the minimum value in the Bitcoin network? What is it called and what is the value? Are there any alternative names? 14. What is the age of the UTXO? 15. How is the priority of a transaction is calculated? What is the exact formula? What are the units of each contributing member? When is a transaction considered to be old? Can low priority transactions carry a zero fee? Will they be processed in this case? 16. How much size in each block is reserved for high priority transactions? How are transactions prioritized for the remaining space? 17. Do transactions expire in Bitcoin? Can transactions disappear in the Bitcoin network? If yes, could you please describe such scenario? 18. What is a generation transaction? Does it have another name? If it does, what is the other name of the transaction? What is the position of the generation transaction in the block? Does it have an input? Is the input usual UTXO? If not – what is the input called? How many outputs there are for the generation transaction? 19. What is the Coinbase data? What is it currently used for? 20. What is little-endian and big-endian formats? Could you please give an example of both? 21. How is the block header constructed? Which fields are calculated and added to the block header? Could you please describe the steps for calculation of the block header fields? 22. What is a mantissa-exponent encoding? How is this encoding used in the Bitcoin network? What is the difficulty target? What is the actual process of mining? What kind of mathematical calculation is executed to conduct mining? 23. Which hash function is used in the Bitcoin mining process? 24. Could you describe the PoW algorithm? What features of the hash function does it depend on? What is the other name of the hash function? What is a nonce? How can we increase the difficulty of the PoW calculation? What do we need to change and how do we need to change this parameter? 25. What is difficulty bits notation? Could you please describe in details how it works? What is the formula for the difficulty notation? 26. Why is difficulty adjustable? Who adjusts it and how exactly? Where is the adjustment made? On which node? How many blocks are taken into consideration to predict the next block issuance rate? What is the change limitation? Does the target difficulty depend on the number of transactions? 27. How is a new block propagated in the network? What kind of verification does each node do? What is the list of criteria for the new block? What kind of process ensures that the miners do not cheat? 28. How does a process of block assembly work? What are the sets of blocks each full node have? Could you please describe these sets of blocks? 29. What is a secondary chain? What does each node do to check this chain and perhaps to promote it to the primary chain? Could you please describe an example when a fork occurs and what happens? 30. How quickly forks are resolved most of the time? Within how many new block periods? 31. Why the next block is generated within 10 minutes from the previous? What is this compromise about? What do designers of the Bitcoin network thought about when implementing this rule? 32. What is a hashing race? How did Bitcoin hashing capacity has changed within years from inception? What kind of hardware devices were initially used and how did the HW utilization evolved? What kind of hardware is used now to do mining? How has the network difficulty improved? 33. What is the size of the field that stores nonce in the block header? What is the limitation and problem of the nonce? Why was an extra nonce created? Was there any intermediate solution? If yes, what was the solution? What are the limitations of the solution? 34. What is the exact solution for the extra nonce? Where does the new space come from? How much space is currently used and what is the range of the extra nonce now? 35. What is a mining pool? Why was it created? How are normally such pools operated? Do they pay regularly to the pool participants? Where are newly created Bitcoins distributed? To which address? How do mining pools make money? How do the mining pools calculate the participation? How are shares earned calculated? 36. What is a managed pool? How is the owner of the pool called? Do pool members need to run full nodes? Explain why or why not? 37. What are the most famous protocols used to coordinate pool activities? What is a block template? How is it used? 38. What is the limitation of a centralized pool? Is there any alternative? If yes, what is it? How is it called? How does it work? 39. What is a consensus attack? What is the main assumption of the Bitcoin network? What can be the targets of the consensus attacks? What can these attacks do and what they cannot do? How much overall capacity of the network do you have to control to exercise a consensus attack? Chapter 9: Alternative Chains, Currencies and Applications. 1. What is the name of alternative coins? Are they built on top of the Bitcoin network? What are examples of them? Is there any alternative approach? Could you please describe some alternatives? 2. Are there any alternatives to the PoW algorithm? If yes – what are the alternatives? Could you please name two or three? 3. What is the operation of the Script language that is used to store a metadata in Bitcoin blockchain? 4. What is a coloured coin? Could you please explain how it is created and how it works? Do you need any special SW to manage coloured coins? 5. What is the difference between alt coins and alt chains? What is a Litecoin? What are the major differences between the Bitcoin and Litecoin? Why so many alt coins have been created? What are they usually based on? 6. What is Scrypt? Where is it used and how is it different from the original algorithm from which it has been created? 7. What is a demurrage currency? Could you please give an example of one blockchain and crypto currency that is demurrage? 8. What is a good example of an alternative algorithm to PoW? What is it called and how is it different from the PoW? Why the alternatives to Bitcoin PoW have been created? What is the main reason for this? What is dual-purpose PoW algorithms? Why have they been created? 9. Is Bitcoin “anonymous” currency? Is it difficult to trace transactions and understand someone’s spending habits? 10. What is Ethereum? What kind of currency does it use? What is the difference from Bitcoin? Chapter 10: Bitcoin security. 1. What is the main approach of Bitcoin security? 2. What are two common mistakes made by newcomers to the world of Bitcoin? 3. What is a root of trust in traditional security settings? What is a root of trust in Bitcoin network? How should you assess security of your system? 4. What is a cold storage and paper wallet? 5. What is a hardware wallet? How is it better than storing private keys on your computer or your smart phone?
submitted by 5tu to BitcoinTechnology [link] [comments]

Why Reddcoin is going to the top, part 3 (conclusion)

Why Reddcoin is going to the top, part 3 (conclusion)
Firstly, my apologies to everyone who read the first two parts to this article...
1) http://www.reddit.com/reddCoin/comments/2bspjm/why_reddcoin_is_going_to_the_top_part_1/
2) http://www.reddit.com/reddCoin/comments/2buwvt/why_reddcoin_is_going_to_the_top_part_2/
… because at the end of part 2 I promised the final part the very next day. Life and work took over ‒ I'm sure many of you can sympathise ‒ but sorry for this late last instalment anyway. ;)
So... In part 1, I separated the top 20 altcoins on coinmarketcap into three groups:
- Currency coins - Anon currency coins - Decentralised something-or-other coins
... and provided some argument as to why all the coins in the group “Decentralised something-or-other coins” are going to grow slower than Reddcoin.
Part 2 focussed on anon currencies, and listed multiple obstacles that this type of cryptocurrency will face, which Reddcoin neatly sidesteps.
For the final part of this article, part 3, I am going to look at the “Currency coins” that share several of the top 20 places on coinmarketcap with Reddcoin, and then finish with a few thoughts about Reddcoin itself.
Blackcoin, Vericoin and Quark
You may wonder why I have grouped these three coins together under one sub-heading. Indeed, some readers may find this grouping offensive!
I have grouped these three projects together as they have all suffered from the same terminal problem: a severe breakdown within the community and nasty infighting.
Quarkcoin is the oldest of the three projects, and the least convincing in my opinion. When Quark was created it had little in the way of innovation, but one thing that did stand out was the way the dev launched into very aggressive attacks on other projects and on other people personally. It was extremely off-putting and embarrassing to watch. Quark did however manage to garner some support, in my view mainly due to mentions on the Keiser Report and other such broadcasts, but this is of course not what will bring a project lasting success.
Blackcoin appears to be a project with much more behind it than Quark. It has a range of activities on the go and a good dev team. But Blackcoin has suffered from some particularly unpleasant community infighting. Aside from this unfortunate development, it is also the case that the team has put work into seemingly clever features, such as Blackhalo, that may in fact be far from the “killer apps” that will really convince people to invest in the Blackcoin project in particular. And just like Darkwallet renders a core premise of the anon currency projects obsolete, Blackhalo shares exactly the same smart contract functionality as Bithalo, meaning that holders of Bitcoin looking for this functionality alone have no need to look elsewhere.
The Vericoin team looked like they had the communication aspect well-managed when they launched a series of Google hangouts to explain their project. While this caused a spike of interest it also sadly seemed to attract a range of dubious attention, leading to all kinds of controversy playing out on that most entertaining of forums, Bitcointalk. And then, of course, there was the Mintpal hack and the blockchain roll-back, and since that time, whether fair or not, it has been impossible for Vericoin to claw back its reputation. (As a side note, I for one applaud the devs in their decision to roll back the blockchain after the theft of 1/3 of all Vericoins in existence. I believe that in principle being able to thwart theft in this way is a positive thing, and that given the technology the possibility of a case serious enough to warrant action will always exist.)
Litecoin and Peercoin
While Peercoin pioneered Proof-of-Stake, something we are of course extremely grateful for, the project appears to have made little headway in terms of continuing ground-breaking achievements following its launch 2 years ago. This distinct lack of development has resulted in a steady decline in price since the beginning of 2014.
Litecoin suffers from the same stagnation as Peercoin. Of course Litecoin ushered in the era of scrypt mining, again a ground-breaking advance in its day, but while cryptocurrency enthusiasts are now practically unanimous in agreeing that a successful cryptocurrency project cannot be based on scrypt mining alone (due to the advent of scrypt ASICS and the fact that the Proof-of-Work algorithm wastes immense amounts of energy) the Litecoin project has not adapted in any way to accommodate this advance in understanding. Recently cracks have appeared in the market; investors have been taking flight from Litecoin and the process shows no signs of abating.
Dogecoin
Last but not least, let's look at the coin that gets compared most often to Reddcoin – Dogecoin!
I believe Dogecoin had perhaps the biggest chance to win the ultimate altcoin prize: to make it into mainstream use. This is what all altcoins aspire to, and through a combination of creative, gung-ho marketing and a healthy dose of right-place/right-time luck, Dogecoin was propelled close to a point where it could have escaped the gravity that seems to pull on all cryptocurrency...
But alas Doge has not been able to achieve orbit, a necessary stage before Moon travel is possible! And I have a theory as to why this is the case.
When I first heard about Dogecoin there were several times when I was close to becoming a “shibe”, but I never quite managed to become involved. I couldn't get around the whole joke part of it, and the fact that people didn't just buy and use the coin; they also adopted shibe personalities and philosophies. Each to their own, live and let live, but for me this was a red flag. I always had the feeling Doge was a flash in the pan, a kind of craze...
It is true that there were and still are associations with charities and events, and all this kind of activity is of course laudable, but ironically the strain of virality that made Dogecoin soar is the strain fuelled by pure satire, humour, “jokiness”... but facetiousness is quite clearly the antithesis of money. I see money itself as quite straight and boring – it is simply a tool – and I believe that deep down, people won't trust any digital money that looks too wacky or exotic. The network has to be serious and straight enough that you could imagine everyone using it.
No-one really wants "funny money"!
Which brings me to Reddcoin!
So why do I think Reddcoin has the best chance of success? For me to be able to explain my ideas fully will require another article at least as long as this one! But I will put some of the core reasons down here as bullet points:
Conclusion
I will finish off this article with a promise of more to come. I believe it would be extremely beneficial to the community to have an understanding of what is really being created, of the network that is coming into existence. In my view what is really happening, above and beyond the adoption of a new currency, is the natural founding of a unique organisation – a kind of open-source company – with a community of ultra-early adopters and alpha-testers, who are also still currently going through a phase of awakening and of vision-forming: learning to see the real potential of the project.
But as a last word I would like to repeat how impressed I am with the Reddcoin team. The devs and the moderators continue to make relevant, enthusiastic and intelligent contributions to the forum on a daily basis, and I have yet to read any of them latching on to price movements as if they make an important topic of discussion. I cannot stress how reassuring this is. I have seen so many other devs that at first appear devoted to building interesting technology, lose their cool and stress out about price movements like they are the thing that will make or break a project. When devs start obsessing with price it guts the very soul of a project.
So continue just as you are, devs: obsessed with innovation and building a great and powerful network over and above all else!
(Every idea expressed in the above article is my own, and I am not expressing any kind of official viewpoint or speaking directly for the core Reddcoin team. I am interested in cryptocurrency generally and I apologise for any offence I may cause when discussing other projects. This article is short and necessarily limited to an overview, an overview that I claim entirely as my own.)
submitted by reddibrek to reddCoin [link] [comments]

General info and list of exchanges for QYNO (QNO)

Qyno is a blockchain-based financial ecosystem centered around Qyno Coin, a high performance digital currency. Qyno aims to bring the cryptocurrency world closer to the real world through the use of Qyno Coin, our highly applicable and adoptable digital currency. Qyno Coin (QNO) is embedded with InstantSend and PrivateSend featurues, making QNO transactions instant, anonymous and nearly free to send. With Qyno, businesses finally have a solution for trading assets and goods in a secure, low-cost environment that allows them to reach their financial objectives.
New edge Complex Secure New edge crypto currency
discord BitcoinTalk facebook twitter youtube github
Passive income with a 1323% anual return of investment Qyno Project Qyno project's goal is the development of tools and products that can allow everyone acces to faster, safer, anonymous, and near-zero cost financial products and services. Having meticulously studied and tested existing blockchain-based financial products and networks, we created Qyno with the aim of becoming a reference in the blockchain financial services sector after concluding that others fail to deliver on the goals which are our vision.
Predecessors are meant to be learned from and eventually overcome. If this weren't the case, we would still be stuck with Friendster for social networking or Napster for peer-to-peer sharing. Bitcoin may be just such a predecessor, yet there isn't enough being done in the blockchain space to move beyond its slow transaction times and exorbitant fees.
The core of the Qyno Project is Qyno Coin (QNO), a digital currency based on the latest blockchain technology and network architecture created go beyond Bitcoin by providing seamless, instant, and low cost transactions secured by masternodes.
Qyno Coin Specification Symbol: QNO QNO picks up where BTC left off. Due to it's elegant masternode architecture, low cost of use, and instantaneous transaction capabilities, global adoption of QNO will be rapid and steep.
Algorithm: NeoScrypt NeoScrypt is an ASIC-resistant proof of work algorithm that it is stronger cryptographically than other hashing algorithms and is less memory intensive while providing a fair return to miners.
Type: POW + Masternode A proof-of-work (PoW) blockchain is a system that helps to prevent denial of service attacks and spam on the network. This is done by receiving work from the service requester.
Max coin supply: 100,000,000 Max coin supply is the maximum amount of QNO coins to be minted. The supply release schedule avoids inflation while providing the network sufficient liquidity.
Block generation: 60 seconds The block generation time is the time needed to mine a block. Block time is set as a constant to ensure that miners' computational power will not impact the security of the network.
Masternode Collateral: 5000 QNO In order to own and operate a masternode, 5000 QNO are required as a collateral. This collateral prevents Sybil attacks on the network whereby would-be attackers are able to setup numerous masternodes and interfere with network operations.
Reward Table Blocks Miners Masternodes Total 1-43200 2.5 22.5 25 43201-86400 3 27 30 86401-129600 3.5 31.5 35 129601-1051200 4 36 40 1051201-2102400 4.5 25.5 30 After block 2102401 25% decrease every year
Qyno - Trading Made Easy on the Blockchain From the outset, the pillar of the Qyno project will be the Qyno coin, a utility coin with two aims. First, the Qyno coin will function as a stable asset enabling the development of the project's ecosystem. Second, the Qyno coin will reward masternode operators with industry-leading ROI, as masternode operators will earn a generous passive income due to a staggering 90% block reward. The purpose of such a mammoth block reward is to create a very high incentive for masternode operators working to secure the network.
The Qyno coin's stability will allow users to engage the Qyno financial system easily. Without major fluctuations in price affecting the net cost of users looking to enter and use the Qyno financial system, adoption of the system will happen quickly and globally. The entry into and use of blockchain-based financial systems tend to be prohibitive, due in part to the fact that the utility coins associated with those financial systems fluctuate wildly in value, making cost analysis for users looking to enter the system difficult to calculate.
The Core of the Qyno Financial Ecosystem Q-Paygate Apps and eCommerce Solutions Users adopting Qyno will find the timely deployment and integration of Q-PayGate, the payment gateway milestone at the core of the Qyno financial ecosystem. With Q-PayGate any tool, product, or merchant service can be seamlessly integrated with the blockchain, allowing users a time-saving, streamlined experience that delivers unmatched functionality. Developing and implementing payment plugins for any eCommerce platform, such as industry giants WooCommerce, is part of the Q-Paygate mission.
The plugins developed as part of the Q-Paygate engine will differ from traditional eCommerce plugins in that they will, notably, generate extra income for merchants accepting Qyno payments. For merchants the implications of the Qyno income-generating plugins will be staggering: Merchants with a high amount of traffic and sales will be able to use those funds to run a masternode. Masternodes generate a 90% block reward, provide merchants with a large extra income for adopting the Qyno platform, while at the same time providing additional network stability.
The Qyno foundation will fund the creation and additional development of plugins from an allocation entitled strictly to product development, leading to contented and very well supported developers who in turn provide the Qyno financial ecosystem with unparalleled product development.
Blockchain Made Simple When compared to the total amount of people worldwide using traditional forms of money such as Euro, Yen, and American Dollars, the use and spread of cryptocurrency appears very small. That is owing in part to the relative infancy of the cryptocurrency world, but if crypto is to see adoption on the scale necessary to compete with traditional forms of money both physical and digital, then blockchain-based financial platforms need to have, as their primary quality, ease of use for the most amount of people worldwide. Only then will the crypto world see the adoption necessary for blockchain to fulfill its revolutionary potential.
Qyno financial ecosystem has, at the core of its mission, the adoption of worldwide users in mind and as such has created a platform for the people. Access to Qyno is global, painless, and offers financial mobility unlike other platforms past or present. Bank account withdrawals and deposits are core functions of the Qyno ecosystem, and ease of these two functions are blended into every Qyno tool available.
Because bank deposits are a key factor in financial access globally, the Qyno development team has studied and developed a proof of concept relating to integrating this functionality into the Qyno blockchain with excellent results. Qyno bank deposits are being enabled to function with different accounts such as checking, savings, time deposit, and call deposit accounts.
Financial Products on the Blockchain Traditional financial systems are more than just payment solutions; they're entire ecosystems aimed at capturing all of the financial activity present in society. The difference between traditional and blockchain based financial systems is that traditional, or centralized systems, rely on third parties for processing data and require high financial upkeep for executives, presidents, and trustees. Decentralized, blockchain based solutions such as Qyno are able to capture the same financial ecosystem without any of the costs associated with third parties, CEO's, or brick and mortar locations. Because of this, Qyno is able to offer users and merchants alike eCommerce solutions at fractions of the traditional costs.
Qyno Foundation The Qyno team is concurrently developing functionalities in addition to current milestones as part of the Qyno foundation protocol. The allocation of development resources to research means the Qyno team is perpetually refining and advancing its product for the ease and adoption of users worldwide.
EXCHANGE LIST
Binance
Huobi
Kucoin
Bibox
Qryptos
Satoexchange
BIGone
Bitrue
Bilaxy
Bit-Z
Linkcoin
SECURE WALLET
Ledgerwallet
Trezor
submitted by icoinformation to QYNO [link] [comments]

Immediate action required before Vertcoin dies a slow and painful death...

Dramatic title.. but it got your attention. Why? Because you can easily understand what I'm talking about, regardless of how accurate it is. And that is what Vertcoin needs to do.
The price is dropping, and we pretend that it's not so important. Vertcoin is good.. so it'll bounce back, right? Wrong.. it is losing momentum. Fast. The reputation is becoming damaged as we speak. I won't beat around the bush. .Here is what I think we need to do. Take it for what it's worth:
1) The developers must stop whatever they're doing and issue an immediate statement in the subreddit and pin it to the top. Keep it there for a week. In a clear, concise and non-technical way let people know what's going on and what the future plans are.
2) ...then do the same thing in a video. It doesn't need to be professionally-produced. Post it today here and on the website. Let the public get to look at you, know who you are. This creates an emotional connection, which I'll revisit in #4
Zerocash is of secondary importance to the communicating to investors and stakeholders right now.
3) People from BTC and Dogecoin are coming over. Non-technical people. Lots of them. They're looking for new opportunities. Learn how to talk to every folks about the value Vertcoin brings to the table in a way that a 10 year old can understand. Others will become frustrated and leave, like this user. I'm still here, despite having already sold thousands of coins in the past week. When I get some confirmation that Vertcoin knows what it is doing as a product then I'll re-gain enough confidence to buy it back.
4) The emotional connection. Vertcoin needs it badly. I've already talked about this alot. I don't believe anyone is interested (from the responses) so I will say no more than this. No emotional connection = failure. Vertcoin doesn't have it yet. Make one.
5) Re-think the message. Get rid of the technical shit. 99.99% of the population doesn't give a rat's ass. Talk to people about what they care about. Vertcoin should be all about security and safety. That's the best angle going for it. The "Early Adoption" period has already passed. People like me have already been here for weeks. Heck, even my girlfriend bought some Vertcoin when I explained it to her in a way that made sense to her. If most (all?) of you explained it she would have tuned out in 3 seconds.
Vertcoin is a digital currency, like Bitcoin, but focused on security. [Bitcoin uses SHA256, which is far less secure that the way Vertcoin's secures your transactions. ASIC computers are able to crack your password quickly, whereas Vertcoin is ASIC-resistant]
Vertcoin secures your transactions in a way that Bitcoin cannot, and will not be able to.
Don't focus on having some unique technology that will be extinct in 1 year and cloned in 1 week. Be the King of Scrypt. Scrypt is secure. SHA256 is not. Bitcoin is old technology that uses SHA256. Simple. Oh, and by the way we have these other features if you're interested in that kind of thing.
Don't assume that people know what you're talking about. The question from the Dogecoin member i linked above is a perfect example.
6) Find out who your visitors are. Find out who your users are. Find out who the people that are interested in Vertcoin are. From reading this forum and the Bitcointalk thread, you guys haven't the slightest idea. This will most definitely be the death of you.
There was once a dating site called Tune In, Hook Up. It was an interesting place. But the founders were smart. They began to understand their users. And they pivoted, re-thinking their entire concept. They renamed it YouTube and the rest is history. Honestly, I think the crew at Vertcoin would have taken the original concept to their graves.
So the only question is, do we want to create shareholder value or destroy it?
just my 2 verts
submitted by pauldowin to vertcoin [link] [comments]

The State of Dogecoin

STATE OF DOGECOIN
Preface:
I have collected as much data as I could possibly find and contacted as many major players in the Dogecoin community as I could. I hope you all find this synthesis of information informative and worthy of discussion.
Anything that was announced in the few days before this was posted may not be included here, due to me working on this for the last 2 weeks!
I wish I could have included EVERYTHING, but there is just too much to add that fits in one reddit post.
I hope to do this again, maybe even as a quarterly report.
Please take all the information presented to you here and make your own conclusions about how important each piece of data is to YOUR view of Dogecoin.
Price
1 Doge = 0.00029 USD
Price would have to increase ~750% to be back at peak value.
COMPARED TO LITECOIN
1 LTC = 7.60 USD
Price would have to increase ~650% to be back at peak value.
Market Capitalization
7th of all digital currencies, ~$23 Million USD
Our market cap has been declining the last few months, most coin’s have. I am excited to know what our year-to-year price change will be as that is a better measure of change than the last 30 days.
For the past few days I have been trying to find a graph of the TOTAL market cap of all coins together over time.
I have a theory that not a lot of money is being put into cryptocurrencies at the moment, and the coins that go up in value are taking away value from others. What do you think?
I want to know if this is true, or if I am crazy. If that is somewhat true, there is a limit to how many coins will make it big.
I'd love to just see the total ALTCOIN market cap over time as well.
Hashrate/Halving
Hashrate = ~50GH/s
Oddly, this is about the same hashrate we had after the last halving! ASICs inbound…
I could not find what proportion of the SCRYPT hashrate we have over time, as that is the best measure of hashrate in relation to other coins.
I do have this though.
Litecoin’s hashrate is about 10 times larger than ours now.
The current block reward (recent halving) will create 90 Million Dogecoins/day or 38.7BTC at current prices.
This means that if ALL mined Dogecoins are sold every day they would only make up 3.8-7.5% off all transaction volume per day, which is around 500-1000BTC/day.
When the price stays the same, we can assume 250-500BTC of Dogecoins are bought or sold in that day. Therefore miners do not make up a large portion of the selling anymore, and they haven't for a while.
Another BIG assumption you have to make is that 38.7BTC cannot move markets. From my personally observations, the Cryptsy DOGE/BTC market controls the price of Dogecoin. I have watched the Chinese markets (BTC100, BTC38, BTER) respond to changes in price after they happen on Cryptsy. ~38BTC can have a HUGE impact on price if buy/sell walls are not there to support it.
We need more demand, but it is nice to have less pressure from miners anyways.
Liquidity is still much much higher with Litecoin though!
Transactions per Day
Dogecoin has more transactions per day Litecoin, and all other altcoins.
Sent from addresses
Dogecoin has more unique addresses sending coins per day than Litecoin, and all other altcoins.
Average Transaction Value
Average Litecoin transaction value for today was $9,380 USD.
Average Dogecoin transaction value for today was $122 USD.
Average Bitcoin transaction value for today was $3,250 USD.
http://bitinfocharts.com/comparison/transactionvalue-btc-ltc-doge.html Dogecoin is potentially being used exactly as intended. Lots of people sending small amounts of money to each other or things.
I am stunned that the AVERAGE person sending Litecoins that day, sent almost $10K.
That is 3x higher than Bitcoin. In fact, oddly, Litecoin always has a higher average transaction value than Bitcoin since the Bitcoin bubble in late 2013. Anybody know why?
We usually DO NOT have higher transaction volumes than Litecoin, but we do consistently have ~500-1000BTC/day that is transacted, putting Dogecoin in the top 5 most traded coins.
Dogecoin Address Growth
Dogecoin has also GAINED 14,653 positive addresses in the month of June, where Litecoin has LOST 33,875. (info from bitinfocharts and currency4world)
Wikipedia Statistics (http://stats.grok.se/)
Bitcoin traffic – Average ~9000 views in the last 90 days (highest 18614 views/day) – total views/90 days 819,193
Litecoin traffic – Average ~380 views in the last 90 days (highest 998 views/day) – total views/90 days 40,036
Dogecoin traffic – Average ~1200 views in the last 90 days (highest 8629 views/day) – total views/90 days 154,415
Circlejerking Statistics
Bitcoin recently surpassed 1 Yottahash, I believe we are up to almost 1 Yottajerk of circlejerking power. I am excited for a few years from now, when the QuantumJerk ASICs are released.
Every time I read someone calling /dogecoin a circlejerk I laugh, not because they are wrong, but because they are just stating the obvious.
Do you think there is someone in the corner of the room at NASA who just comments about how all they talk about is rockets and space?
If dreaming big and congratulating ourselves on our achievements is a circlejerk, then I guess it’s human to circlejerk. Every subreddit is a circlejerk, the only difference in /dogecoin is that you can get tips from circlejerking. (Is that prostitution?)
The main point of this section was to see how many times I could type circlejerk.
Foundation
The new Dogecoin Foundation is now a legal enitiy and will have a road map of working projects
Personally I would love to see someone from the Chinese Dogecoin community represented on the Foundation. They buy and sell a lot of Dogecoins Maybe just a liason position or something.
At the very least, during fundraisers, the Chinese community should be contacted to see if they want to help out!
Development
Dogecoin is the ONLY altcoin with over a $1 Million USD market cap with the Core/Wallet/qt based off of Bitcoin 0.9. Dogecoin Core will be kept up to date and features from the Bitcoin Core will be adopted quickly. The devs are doing great so far, especially against coins with full-time PAID developers!
CrytoSaga
Unprecedented cryptocurrency modeling software will be written to test possible outcomes to changes in Dogecoin’s algorithm. Main candidates are PoS 2.0, Tendermint, and SIMD. To my knowledge, this has never been created before in all of cryptocurrency, and will definitely further highlight the abilities of Dogecoin’s development team.
A payment protocol is also being worked on.
Cryptiv
Dogetipbot
Twitch tipping with dogetipbot will go live soon! You can sign up to be invited to the beta, here.
After Twitch tipping goes live, there will be a huge announcement
I have followed what mohland and dvorwak have said about it, here.
Coingecko
Price might not be so encouraging at the moment, but stay faithful. Keep up the good work. Encourage more people to join. The community is something special. I have strong faith that it will be heading to the moon!
Coinplay.io
http://www.cryptocoinsnews.com/news/kansas-city-startup-incubator-partners-dogecoin-based-coinplay-io/2014/07/09
Suchlist
SnapCard
Buy ANYTHING in Dogecoins that is for sale online. Available in over 50 countries. Only BTC, LTC, DOGE, and XRP are supported.
WeSellDoges
Onarbor
The biggest new Onarbor feature announcement is ability to back and re-back works and reviews. This was the top request so we're glad to finally implement it. Coming soon will be more tailored feeds where we will allow people to follow creators that interest them (will allow TwitteFB/linkedin auth to find friends/colleagues).
What can Dogecoin do better?
Marketing
For a coin that has done some of the best marketing out there, we suck at getting major announcements across on multiple platforms.
I am hoping /dogecoin_pr will bring this up to par.
EXAMPLE:
51.54% of Dogecoin users are on Dogecoin Core 1.6.( http://bitinfocharts.com/dogecoin/)
Maybe merchants and such are not to keen on updating if it is not required, but maybe they just do not know about 1.7.
When 1.8 comes out, I would love to see a sticky thread on the subreddit, an announcement on the official Dogecoin Twitter and Facebook pages, an announcement on the front of the BitcoinTalk forum, as well as contacting cryptonews websites.
Dogecoin has a large social media presence and should be taking advantage of THAT!
Dogecoin.com
I know you powerlemons is working on updating this, but the website is COMPLETELY MISSING a section on how to accept Dogecoin. This should be just as big as the other coloured sections!
ALSO
This should be added to the “Get Dogecoin” section at the bottom of the page.
I have tried to keep it updated as much as possible, but would love the community to notify me of any changes
COMMENTS
Josh Wise
“I have said this to a few people in the community but my two cents on this is to keep it fun, charitable, and stick to the fundamentals that made the community grow so much initially. My personal opinion (and I really have no clue what I am talking about) is that this community grew so fast because it was so much fun, anything seemed possible, everything seemed worth trying and there were not many negative undertones with anything. It seems like people are really getting wrapped up in a lot of negatives right now and that is never productive. The law of attraction will rule in the end and as long as people are positive- no matter the circumstance- the circumstance will become positive. I love this place and wish only the best for dogecoin and the community, and like I said, I have no clue as to all of the intricacies and the many moving parts past and present. Only my two cents on what I see (:
As far as upcoming projects- I am still working on some new shirts by popular demand. I would really love to either race the Dogecoin car in a few Superspeedway races next year, or try to raise money so that we can run the rear bumper all season. I am super thankful for all that has come of this and want to continue to help build the brand and awareness in any ways possible. A lot of that is really up to the community though and not me.”
Co-founder (BillyM2K aka Shibetoshi Nakamoto)
“A community that is having fun, building cool things, and coming together for great causes and fun causes alike is exceptionally more valuable than one that is trying desperately to create value by finger pointing, complaining, witch hunting, attempting to market useless features, and ultimately eating itself.”
submitted by thistime1 to CryptoCurrency [link] [comments]

New Crypto boom!!!

Hey guys and girls.
VIOG - Stable and Fast Masternode Asics Resistant Digital Asset
The story behind our take over
At the end of the year a couple of members of the community noticed a coin that had a very stable wallet and fast transactions. The masternodes give good retrun and most of all: they never ever stop working! Once you configure a masternode and turn it on it just keeps running even after a reboot, a PC crash,... whatever. Transaction are very fast and the whole blockchain is very stable. The only downside: the dev dumped his coins and abandoned the project some time before. Some community members strated buying some coins to create masternodes and started mining the coin to keep it from failing. After some time it was needed to take over the communication channels because the domain name and webhosting wasn't being paid anymore. So first we created a new discord channel (actually it was the first one) and a little later we managed to get our own block explorer live because if that fails the coin is dead. then came the pools, there were several during the beginning of 2018 but they failed sometimes and when there was only one left (Thanks Nosekefik for keeping the pool online!) we decided we needed a new pool, we got support from Masternodes.lu that vowed to put up a server and a pool and never shut it down, not that difficult because he is a community member too. The next step of course was to get back on an exchange because the only way to get VIOG is by mining it. We got on an exchange that is still starting up but works called Yade.io, once this ANN is put online we will apply to more exchange starting with Graviex, CryptoHub and Upcoin.
Come and join us, this coin has a very low supply and has a very small amount of coins getting created every day so as an investment this is the coin of choice at the moment.
Our plans with VIOG as a community
To start we want to make VIOG run smoothly. Our plans to make VIOG not just a simple Masternode coin like what it was intended for by the original dev are being discussed at this moment in our new team, we will post this as soon as we have our plans figured out. There has been a brilliant idea posted by one of our community and that is being reviewed right now!
VIOG Specifications
Maximum supply: 22,000,000 VIOG Algorithm: NeoScrypt Type: PoW/Masternodes Address prefix: x Block time: 150 seconds Block Reward: 5 VIOG, decreasing 12% every 210240 blocks Reward Distribution: 50% Miner, 50% Masternodes InstantSend confirmation: approx. 5 seconds Collateral for a Masternode: 1000 VIOG Current rewards for a Masternode: 2.5 VIOG every 7 hours approx. Superior Difficulty Retargeting Using Dark Gravity Wave Superior Transaction Anonymity Using PrivateSend Original premine: 2% (Premine was mined by the original dev, nobody from the community has any of those)
Buy VIOG at these exchanges
https://www.yade.io/market/btc-viog.html
https://cryptohub.online/market/VIOG/
https://crex24.com/exchange/VIOG-BTC
Exchanges Processing Graviex: submitted and getting funds together (ETA: unknown) SouthXchange: submitted and waiting for quote (ETA: unknown)
Exchanges Planned Upcoin: April 2018 CryptoBridge: Q3/2018 CoinsControl: Q3/2018 Cryptopia: 2019
Bitcoin donation address: 3EY8rTuyK7NUscCZuVHszVbwpHD59emc4T
This is the link to our original ANN https://bitcointalk.org/index.php?topic=3308878
submitted by Plenk1 to u/Plenk1 [link] [comments]

EighthCoin(8TH) join us before too late

EighthCoin
Please vote here:
https://c-cex.com/?id=vote&coin=8th https://request.coinpulse.io/suggestions/6728/eighthcoin Eight represents infinity, and everything good in the universe. EighthCoin represents the infinity of our faith in the crypto world.
https://www.youtube.com/watch?v=DvM3LyK3dzc Credit: fitraok09
EighthCoin is listed at
https://c-patex.com/markets/8thbtc https://alltrade.centeexchange.php?p=LTC&s=8TH Currently PoW, PoS starts at Block Height 8888
EighthCoin is a digital currency designed for low fees, high ROI and instant transactions for payments all around the world and merchants that accept cryptocurrency as a form of payment and investment. EighthCoin benefits from the open source and transparent nature of Bitcoin and Peercoin. EighthCoin utilizes a more distributed encryption system known as Staking combined with a reward system for mining. This makes earning rewards more possible from your desktop and resisting ASCI machines. With high PoS ROI and profit, EighthCoin is a great choice for your investment.
Website: https://eighthcoin.github.io Source: https://github.com/EighthCoin/ Twitter: https://twitter.com/EighthCoin Facebook: https://www.facebook.com/8thCoin/ Discord: https://discord.gg/K3U6r6J Wallets: https://github.com/EighthCoin/eighthcoin/releases EighthCoin Specifications
Coin name: EighthCoin Algorithm: Scrypt Type: PoW/PoS Symbol: 8TH Address Prefix: 8 Total supply: 8,888,888,888 Last block PoW: 8888 Minimum stake age: 8 hours Maximum stake age: infinity Block maturity: 20 blocks Target block time: 1 min coins Block Reward: 88 coins normally (8888 coins JackpotBlock) PoS percentage: 88% per year normally (up to 8888888% JackpotBlock) JackpotBlocks: 8, 16, 24, 32, 40, 48, ..., 888, ..., 8888, 88888, ..
Block Reward
Normal award is 88 new EighthCoins per block, the award goes up to 8888 per JackpotBlock when the height number is a multiple of 8.
PoS
The normal PoS ROI is 88%.
When the block height is a multiple of 88888, the PoS ROI rockets to 8888888%; When the block height is a multiple of 8888, the PoS ROI rockets to 888888%; When the block height is a multiple of 888, the PoS ROI rockets to 88888%; When the block height is a multiple of 88, the PoS ROI rockets to 8888%; When the block height is a multiple of 8, the PoS ROI rockets to 888%; Start 8TH now and Earning!
Staking
Join Airdrop, or mining now.
Download EighthCoin wallet (Windows, Linux, macOS, etc. ) to begin staking and earn profits .
Solo-mining:
https://github.com/poolecpuminereleases
./minerd -a scrypt -u admin -p password -o 127.0.0.1:32049
Nodes and config file
rpcuser=admin rpcpassword=password rpcallowip=127.0.0.1 rpcport=32049 listen=1 server=1 addnode=35.231.57.253 addnode=35.185.107.113 Block explorer:
https://8th.blockrex.info/ Credit: eboot73
** Road Map: **
Finished:
Blockchain Launch Website Windows wallet Mac Os wallet Linux wallet Preparing:
listing on Exchanges Android wallet iOS wallet Web wallet Launch whitepaper ** What are the big plans of EighthCoin in the future? **
Planning: PoS platform in personal online streaming service as Proof of Streaming.
Current Bounty:
(Please join Discord for verification of bounty)
Translation: 1888 (Please don't google translate)
German: https://bitcointalk.org/index.php?topic=3129167.msg32359383#msg32359383 credit: @ChrisB in Discord Chinese: https://bitcointalk.org/index.php?topic=3128003.new credit @mako jr in Discord Malay: https://bitcointalk.org/index.php?topic=3128851.0 credit @zulrayyan in Discord Italian: https://bitcointalk.org/index.php?topic=3131588 credit: @CryptoReggae in Discord Dutch: https://bitcointalk.org/index.php?topic=3134037 credit: @Cryptobel in Discord Bulgarian: https://bitcointalk.org/index.php?topic=56593.new#new Credit: @radohaema in Discord Indonesian https://bitcointalk.org/index.php?topic=3130498.msg32374691#msg32374691 Credit: @WoKay_ in Discord Filipino: https://bitcointalk.org/index.php?topic=3130671.new#new Credit: @ziggy in Discord French: https://bitcointalk.org/index.php?topic=3144257.new#new Credit: @ziggy in Discord Korean: https://bitcointalk.org/index.php?topic=3146251.msg32528012#msg32528012 Credit: @ziggy in Discord Thailand: https://bitcoingarden.org/forum/index.php?topic=31608.0 credit:@tazmako Youtube: 1888
https://www.youtube.com/watch?v=DvM3LyK3dzc Credit: fitraok09 For Block Explorer: 8888 (888 every month after 3 month) credit: angrypool.com
For helping developing Android wallet: 88888
For helping developing iOS wallet: 88888
For helping developing web wallet: 88888
Airdrop
Twitter: Free 8TH when you follow, like, retweet. https://twitter.com/EighthCoin https://docs.google.com/forms/d/e/1FAIpQLSfINDNzDbbxIHDGR506bjflbj6W8mGV1TcMY7C1x6OWOtKavQ/viewform As we received too many spam from Twitter Airdrop, now Discord airdrop/bounty start!
Discord Invites Bounty:
Each Invites worth 16 8TH!
Use !invites in Discord to check your ranking.
Discord Rank Bounty:
Keep being active and claim bonus.
Top 10 will receive (score/10) 8TH coins
Discord Meme Bounty:
Be creative and collect likes.
Each meme will receive 16 8TH, and most voted will receive 88 8TH everyday.
Discord Jackpot:
Be online and active, random online Eighthcoiner (level > 1) will be chosen to win 88 EighthCoin
submitted by yangglan to u/yangglan [link] [comments]

Some thoughts on where Vertcoin could take us, and where bitcoin got it wrong.

I've been talking about Bitcoin on my podcast since around $10 per coin, and I'm completely, unapologetically fascinated by it regardless of whether it eventually goes to $100,000 per coin or $10 per coin.
The same excitement I felt for Bitcoin when I first heard about it I now have (cautiously, that is) for Vertcoin -- it's the first alt coin to attract my interest. I think this community could lead to truly great things for everyone involved.
Vertcoin could be the currency sent from the future to address all the small things Bitcoin got wrong on day one that, over time, could cascade into critical flaws. I don't think, for example, that ASIC-resistance is a must have today - but I think it will be all anybody's talking about in a year or two.
There's also an opportunity here to take every single action with the benefit of hindsight -- it's always easier to be the second to do anything big. The first is the hero, to be sure, but sometimes that first mover doesn't live long enough to see all the permutations of their groundbreaking creation.
Some things I can't stop thinking about:
1) The community here and on Bitcointalk so far has been amazing. I see a lot of intelligent, hardworking people coming together around this new currency -- without the puerile silliness of dogecoin, or the get rich quick scumminess of the pre-mined alt coins that go nowhere aside from making the founders rich within the first couple days. The fact that Vertcoin is not pre-mined, and that everyone has an equal chance at accruing coins now, is effin' huge. As one of the core developers explained when Vertcoin launched, "There is no premine except three, normal blocks done to test the network (150 coins). You can use the block explorer below to look them up. Unlike many other coins, no one has received a large amount of free coins to dump on an exchange."
Again, this is hugely attractive to me. Bitcoin had a very uneven introduction into the population, with many users accruing a medieval king's hoard worth of coin - and it would take only one or two of them turning on the community and dumping their coins to cause quite a bit of short-term havoc. I think a long term stable and viable digital currency would benefit tremendous from a broad foundation of early users... the kind of foundation you "Vertans" have been quietly building.
2) This place is exactly how the Bitcoin community used to feel. Even though many members of that community are still utterly AMAZING, I can't help but feel some have lost their way: the Bitcoin Foundation's emerging prominence, and Bitcoin advocates constantly dancing like little circus monkeys for all kinds of clueless government regulators, banking panels, etc on nearly every continent.
To be clear, I'm not against regulation. If you're a company that's moving funds out of crypto currencies and into local currencies like the dollar or euro, holding customer deposits, etc and performing other bank-like functions I can totally see why that should be subject to regulation.
However, I'd like to see FAR more pushback from the Bitcoin community when it comes to regulation of nearly anything else - transactions within the protocol should not be subject to the same million dollar licenses and expensive compliance costs a major FDIC-insured bank has to contend with... because it's not a bank! Digital currency is the antithesis of a traditional bank.
And can you imagine if I needed a "publishing license" from every country where these words might be seen? Or if I needed to obtain an expensive "broadcasters' license" from the F.C.C. before putting up a podcast or YouTube video? Or if in the early days of email, the Postal Service was tasked with regulating this scary new "electronic mail" and assessing a digital postage rate on every email sent.
That kind of stuff, especially too early on, crushes innovation. The paradigm shattering Bitcoin app some 20 year old thinks up in his dorm room simply never gets made because he doesn't want to spend the rest of his life dealing with lawyers, licenses, grey areas of liability, etc.
That and the fact that whenever I check Blockchain.info, it seems all the new blocks and coins are coming from just two pools: GHash.io, which I trust about as much as I'd trust a Bond villain, and Eligius. So two massively powerful mining pools are doing a lot of the heavy lifting... that's not very decentralized, and the brief panic over GHash.io potentially reaching 51% - although the community swiftly resolved it - left a bad taste in my mouth.
Pretentious foundations, non-stop talks with regulators, most of the control already in the hands of a few -- It's starting to look an awful lot like... a bank over in Bitcoin land. A good app shouldn't need a Foundation.
And the Bitcoin community used to be very jazzed about the idea of crypto in general - they genuinely welcomed any alternatives or competitors. "Competition keeps us innovating," was the kind of answer you'd typically receive when asked how a big Bitcoiner felt about a new coin.
Today... hahahaha, not so much the same. I think too many people in Bitcoin are focused on the price now, and taking actions to protect or increase that price - rather than taking actions that lead to long-term health and additional innovation for the network of users.
And this kind of reactionary, short-term thinking is the same kind of crap that caused Apple to pull the Blockchain app from the App Store -- Apple's thinking about the short term bottom line. They aren't thinking about the future of technology, the future of finance, nor even are they thinking about improving the user experience -- removing a highly popular app does not improve one's experience. It's purely about the money. And that's a terrible approach.
I hope Vertcoin can become something great, remain humble as the price increases, and remember why we're in this: to change the world. Not to buy a new car or home in six months. A lot of work ahead, Vertans. But you can do it - the tech industry contains countless stories of the #2 or #3 variant becoming the runaway success, not the innovative (yet flawed) first to the finish line.
Example: it was Netscape Navigator that dominated in the 90s, learning from and improving upon Mosaic. And it was Facebook that took the social media cake, not Friendster or MySpace, even though those two did most of the initial innovating... all it took was for Facebook's founders to realize one little - but crucial - tweak (base the network around schools and require a university email)... and the rest is history.
I believe the faster block time and the Scrypt-Adaptive-Nfactor algorithm are things that, over time, will be the same kind of tweak that Facebook benefited from. Don't want to get anyone's hopes too inflated - long way to go before Vertcoin can start calling itself the Facebook of cryptos - but that's the magnitude of possibility I see with this coin.
submitted by DavidSeamanUS to vertcoin [link] [comments]

[Table] AMA: We are the developers of a new internet currency (DigiByte) similar to Bitcoin! Ask us anything!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-03-21
Link to submission (Has self-text)
Link to my post
Questions Answers
1) With scrypt ASICs being announced recently (and in development for some time now), what was the reasoning behind using the scrypt algorithm as opposed to something ASIC-resistant, like scrypt-n used by vertcoin and others? 2) It is my understanding that a block time of 2.5 minutes has been a "sweet spot" of sorts in balancing fast transactions without leaving too many orphaned blocks for miners. What drove your decision for a 60 second time? 1st Scrypt is ASIC resistant. Even "if" Scrypt ASICS are delivered on time without issues they will not be delivering anywhere near the jump SHA-256 Bitcoin ASICS did. At most we are talking a 2-3 fold performance incease with a significant reduction in electricty usage. Memory is the bottleneck here. We are not going to see Scrypt ASICS make massive jumps like Bitcoin ASICS do every couple months. Finally most of these other "ASIC resistant" algorithms were not and still have not been tried like Scrypt has when we started development. We are looking into other techs and we are not opposed to changing in the future as technology advances. Biggest difference is the speed at which adjustments are made. KMG "averages" several of the previous blocks and can take awhile to catch up with a major net hash increase. KMG can also get "stuck" for several hours following a major hash decrease. The secret to DigiShield is an asymetrical approach to difficulty. With DigiShield the difficulty is allowed to decrease much faster than it increase. This keeps a blockchain from getting "Stuck" ie not finding the next block for several hours following a major net hash decrease. We spent about 5 days testing about 50 different setups before we found the optimum ratios DigiByte & Dogecoin are now using.
3) Tell us more about DigiShield, and how this differs from KGW, for example. As to Speed, we wanted to make sure DigiByte was fast for every day purchases of goods & services. 60 seconds ensures a merchant can accept DigiByte as payment as the payment transmits within a couple seconds and is confirmed in 60 seconds. DigiShield allows for much larger movements from block to block. This allows DigiShield to counter multi-pools much quicker than KMG. It is all a balancing act. You need to allow the difficulty to increase enough between blocks to catch up to a sudden spike in net hash, but not enough to accidentally send the difficulty sky high when two lucky blocks are found side by side.
Do you ever intend to implement a PoS? For those who are wondering what POS is it refers to Proof of Stake. It essentially means the more coins you hold in your wallet, the more new coins you will recieve as they are generated.
At first POS sounds like a novel idea, but for a real world currency traded for every day goods & services it would not be effective.
Why would people want to spend their coins when they have a stronger incentive to hold on to them?
A POS coin may use less energy, but we want to give people incentive to spend their coins, not hold on to them.
We also believe this technology will never be adopted by a main stream currency.
So as POS currently stands we have no plans of implementing it to DigiByte.
Thank you for detailed and professional reply! +digitipbot 50 dgb.
Alright, you meet someone completely unaware of any cryptocurrency, where do you direct them to teach them about DigiByte? We're talking absolutely no idea, and probably not very good at technology in general either. We are working on developing several new guides for people completely un aware of crypto currency technology. These will be posted on the main DigiByte website.
Our goal is to become a bridge for new people into crypto technology. We have been conducting some focus groups and research with some marketing professionals to find the best way to do this.
We plan on completing this before the Crypto Convention in NY on April 9th.
We are also working on a promotional video that would explain things in visual detail.
How's the promo video coming along? We have lost contact with the original person who was working on it. We are now looking to other people/places to finish what he started. We would like to get this done ASAP.
We have a professional vocie over completed to augment the video.
If you know anyone who would be good at this please let us know. We are looking for a professional video expert who can make something better than the bitcoin video :Link to www.youtube.com
Wish I knew someone or could help contribute any skills in that field. Maybe post something in /Digibyte seeing if anyone has the skills? Great idea!
What differentiates DigiByte from all the other e-currencies out there? 1st of you store data in megabytes & gigabytes. Why not store & send money in DigiBytes?
2nd DigiByte has 21 billion coins so it has a nice ratio to Bitcoin of 1:1000.
3rd We have much faster transaction times with 60 second blocks.
4th We were the 1st to develop & implement the DigiShield difficulty adjustment code. Dogecoin has now succesfully implemented it as well.
Thanks for your reply. As there are so many coins, I am looking for ones that have something unique, something different that could be the 'killer feature' that moves a coin into the mainstream. Most importantly with the name "DigiByte" we have one of the most brand-able names out there.
I don't know what your difficulty adjustment code does but if other coins also have it, there does not seem to be anything that would make people choose your coin over all the others. People understand what a megabyte or gigabyte is. According to our focus group research the idea of using a "Digibyte" as a digital unit of payment is an easy extension or idea for the average person to understand and identify with.
What extras add DigiByte in the cryptocurrency world? What is your goal? The most exciting new trading site to adopt DigiByte has been Prelude.io by Moolah. They are just about to add USD/DGB trading.
Check them out here: Link to prelude.io
DigiByte is to become a billion dollar world-wide payment system that will change the way people of all races, nationalities and backgrounds purchase or sell every day goods and services. Within the next twelve to twenty-four months you will be able to walk into a store and with the press of a button on a smart phone purchase your coffee, groceries or rent a movie.
The mission and vision seems similar to most of the other cryptos. What is your opinion , should coins be more cooperative in this goal? Absolutely, this is why we helped Dogecoin implement DigiShield. There is room for more than 1 crypto just like we have Visa, Mastercard, American Express, Paypal & Western Union.
That is the technical part of helping. Do you think your mission and vision can be accomplished by DigiByte alone? We believe we are all a community, and it is good to have several currencies and new ideas floating around.
We feel it would be narrow minded to say DigiByte will accomplish this all on our own. We are not trying to replace Bitcoin by any means or be the "single" crypto out there. It is likely that different currencies will take root in different parts of the world. So absolutely there will be others to achieve this vision.
As this technology emerges we hope to adapt and improve DigiByte to make it the best we can.
I have been talking to someone on your facebook account about working with sponsored non-profit events/drives but your customer support is lacking. I keep asking questions and proving info but there isnt an effort back to help. How are you going to address customer support moving on, and helping non-profits like other community based coins that are preferred? We apologize for the delay in this. We have been completely swamped and will will look more into it. We receive dozens & sometimes hundreds of messages between Twitter, Facebook, Bitcointalk, DigiByteTalk & Reddit each day. Its a lot to keep on top of while still doing development /promotional work.
Also keep in mind we have been approached by several scammers recently and we like to take time to verify things.
Will you change your mascot? Change as in to something else, or get rid of? What specifically are you referring to?
In your personally opinion what are the odds that a internet currency become so usual to the people as the money in cells? Not sure what you mean by cells?
It is very likely it will become very familiar to common consumers just like money.
1st off crypto technology will save merchants billions each year once they adopt it. With a crypto technology merchants do not have to pay the 3-5% credit/debit card fees. This can equate to billions for some corporations, this alone may be a strong motivation for increased adoption.
2nd, transaction speeds will help encourage adoption. It currently takes several days for Debit or Credit card transactions to clear before a payment receiver can spend the money that has been received. With Bitcoin you can spend money you receive within an hour, with DigiByte it takes 6 minutes.
Finally it is easy to move money around the world. You can move millions around the world in a matter of minutes with no fees or third party involved.
Why should I use DGB over LTC? DigiByte stands a much better chance at being adopted by main stream consumers & merchants. DigiByte is very brandable.
People store data in megabytes & gigabytes. Storing & sending money as DigiByte is very easy for the common person to understand.
Next, DigiByte is much faster than Litecoin. This will make it easier for merchants and consumers to make every day transactions.
Finally, 84 million coins is not enough for a wide spread currency used across the globe. With 21 billion coins DigiByte will eventually have a price of around $1-$10. Perfect for buying low ticket goods & services.
Shibe here. I noticed you guys have a way to buy Digibyte for GBP. I'd like to buy in too, and am in the US. Is the big exchange-train (coinbase->BTC->exchange->digibytes) the only way right now? Are you referring to Moolah.io? They should be implementing the USD/DGB trading any moment now.
We were told yesterday that US customers would be the first ones to deposit fiat there. We have not checked in the last few hours if this is the case yet.
With the recent bitcoin travesty, how do you feel about your cryptocurrency's future? We feel it has opened the door for people to begin taking other alt coins seriously. With the upcoming Crypto Currency convention in New York we feel we will be making a big splash and some good headway among some bigger investors.
The key is getting DigiByte tied directly to the USD which we are working very hard on doing. Then all we need is one big merchant and we are off to the big time!
How do I get in on the premined coins? Not sure what you are getting at. The remaining part of the pre-mine is being used for development expenses.
The most recent of which includes paying for a booth at the NY crypto convention on April 9th as well as all the relate expenses including, travel, brochures, stickers, handouts etc.
I wasn't sure what I was getting at either. I skimmed the faqs and read some blurb about premined coins being given away and my lazy ass decided to ask. I guess I'll be seeing you in NY then! Sounds good, make sure to stop by our booth as we will be giving DGB away there! Also you can use the promo code "digibyte" and get half of your ticket to the cryoto convention. $99 instead of $200.
Will there be an android app for storing and/or mining? There already is an android wallet for DigiByte. You can download it here: Link to play.google.com
There are also several other apps you can mine DigiByte with on a smart phone.
Who is your favorite pokemon? Lol! +digitipbot 100 dgb Not sure how to answer that as I could not tell you the names of any pokemon. Perhaps xploited or politicalwave could help answer this one. :)
I know nothing about this, do you believe that these e-currencies will ever replace/overshadow national currencies, or just supplement them? We do not see them ever "replacing" national currencies as some very bad things would happen before that becomes a reality. We do however see them augmenting traditional currencies. There are several practical uses. Such as increased transaction speeds, ie being able to spend money minutes after you received it. A reduction in merchant fees that would save everyone money in the end. And most importantly the ease of use. What other way could you put millions onto a flash drive? Or send money anywhere on the planet in a few seconds without paying any fees?
Oh. Where is your favorite vacation destination? I have always dreamed of going to the Caribbean and swimming in the crystal clear blue water. So that would be my favorite "dream" vacation and the place where I have never been.
That would be really nice. What do you think happened to that jet that disappeared? Not sure. As a pilot this is really bizare to me. Have not learned the latest, but the last I heard they were looking in Pakistan.
That is a long ways from their intended flight path. Perhaps the plane moved interdimensionaly in a worm hole that opened up?
Perhaps. A random customer at my place of work is pretty convinced aliens have something to do with it. Who is your favorite Muppet? Aliens cannot be ruled out. Definitely Kermit the frog. He is just one cool dude ,who doesn't like him?
Beats me, I don't know how you couldn't! Do you like sushi? Not a fan at all. Meat & potatoes all the way!
What are you doing to try to make the digibyte a standard? Any upcoming online stores? Moolah.io just launch US bank deposits to buy DigiByte! This is a huge step forward! Link to prelude.io
Also we expect some great connections/networking/deals to come out of the New York Crypto convention on April 9th to help make things happen.
Ask you anything? Okay...Will you send me 1 million of your coin to use and distribute here at my own pleasure? Are you good with making promotional videos? If so we may be able to hook you up with 1 million DGB. :)
I don't have any questions, just wanted to say keep up the good work. +digitipbot 50 dgb
Not a question, but just a quick comment to say I love the name, love the look and love the community here, I think you guys are doing a great job and look forward to seeing you grow and flourish. Thank you for the support! We are doing out best and we are in this for the long haul! DigiByte is the only coin we are working on and we are very committed to taking it to the top!
Good to see an AMA from devs :) Thanks for your support! Feel free to ask us anything!
No question, just a comment: please spend some time cultivating a subreddit opt out list. Many mod teams don't allow crypto currency in their subreddit(s) and view it as spammy. No sure what you mean by an "opt out" list or how that pertains to this AMA.
Last updated: 2014-03-26 05:56 UTC
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Helpful Bitcoin Links Please Donate

I'm looking to raise some money to develop a advanced Bitcoin shopping cart system. I'm trying to raise some money so I've compiled a list of helpful links for those of you who use or plan on using Bitcoins. Please donate to my Bitcoin address if you find this list helpful and to help the development of my projects
Bitcoin address 18e2MbUAbH7jNpYtY9Qt2WFUZpagCCEaVs
  1. http://bitcoin.org/en/ -The basic website for bitcoin
  2. http://en.wikipedia.org/wiki/Bitcoin -Information for people that know little to nothing about btc
  3. http://blockchain.info/ -Best website to track down transactions
  4. https://mtgox.com/‎ -Trusted with btc transactions, gives good current value of the coin but don't recommend depositing USD to buy coin from them
  5. https://btc-e.com/ DO NOT RECOMMEND USD DEPOSITS. Great for foreigners that can do deposits because bitcoin is always 15-17 dollars cheaper so you can buy there and sell on mtgox
  6. https://bitcoinfoundation.org/‎ -Brings some good news and promote btc
  7. https://www.bitmit.net -The ebay for bitcoins. Buy and sell items for bitcoins
  8. http://www.coindesk.com/ -One of my all time favorite websites. Has everything possible that you need to know about btc and constantly updates information
  9. http://raisebitcoins.com/ -Raise bitcoins for different causes
  10. https://bitcointalk.org/- Obviously
  11. https://coinbase.com/- Good to buy/sell, and run your business with
  12. http://brainwallet.org/- If you have large amount of coins and don't plan on spending them anytime soon then store them in custom wallets
  13. http://www.coinwarz.com/- Good mining profit calc for sha and scrypt
  14. http://bitcoinnews.com/- Has the news but updates late sometimes, and not organized
  15. http://thedailybitcoin.com/- Interesting articles everyday
  16. https://bitminter.com/- simplest way to mine btc. fast and reliable
  17. http://thegenesisblock.com/ -Good information but just another coindesk.com in my opinion
Best websites to purchase mining hardware
  1. http://wtcr.ca/ -Number one because the ship almost instantly. Rates do tend to me a lot more but you know for sure you are getting what you ordered in a week and a half of less. No BS preordering and mess
  2. http://cointerra.com/ -2th miner for 14k. Best deal, has the most reputable staff, and is more for the customers then themselves
  3. http://www.bitfurystrikesback.com/ -somewhat new the game but already shipping and producing! Definitely one of the best mining companies in the game (us buyers can now purchase off of their website now to or their resellers website at https://megabigpower.com/shop/ )
  4. https://www.kncminer.com/ -400 gh miner, yet to ship, but seems reliable
  5. http://launch.avalon-asics.com/ -Can't buy anything, beat butterfly labs, but is becoming less and less dependable by the day
  6. https://terrahash.com/- waiting on avalon chips, could turn out to be a good company but companies that can develop chips on their own such as cointerra are your best bet
  7. http://virtualminingcorp.com/shop1/ -Trying to catch up in the asic miner game, could possibly be a reliable company in the near future
Best Web Sites To Spend Your Bitcoins
  1. http://www.coingig.com
  2. The Ebay of Bitcoin https://www.bitmit.net
  3. http://www.bitcoinclassifieds.ne
  4. https://cryptothrift.com
Desktop Bitcoin Wallet
  1. multibit.org Compatible with both Mac and PC
Mining Pools For BitCoin
https://bitcointalk.org/index.php?topic=104664.0
Open Source Shopping Cart Scripts Wordpress Scripts
For digital Content
http://bitmonet.com
For Digital Downloads
http://wordpress.org/plugins/easy-digital-downloads
Please donate if you appreciate this list it will go to a advanced shopping cart system to further expand the growth of Bitcoin
Donate address Bitcoin address 18e2MbUAbH7jNpYtY9Qt2WFUZpagCCEaVs
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The 21 Bitcoin Computer - YMB Podcast E91 Free Digital Goods Delivery Script How to create an online Bitcoin wallet Bitcoin Casino Script! #Bitcoin #BTC #XVG Downloadabit.com - Bitcoin Digital Marketplace Credits - Digital Currency

Bitcointalk Digital Goods Cryptocurrency . Bitcointalk Digital Goods . May 10, 2018 DTN Staff. twitter. pinterest. google plus. facebook. Emercoin Info - Emcssh/emcdns/emcssl ... A crypto currency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds. The popular rise of virtual currency started in 2009 with the creation of Bitcoin, the first decentralized cryptocurrency.Since then, over 1000 cryptocurrencies have emerged, each with their own unique ... Bitcoin Discussion General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere. News, the Bitcoin community, innovations, the general environment, etc. Discussion of specific Bitcoin-related services usually belongs in other sections. Moderator: hilariousandco. 2275123 Posts 92013 Topics Last post by kawetsriyanto in Re: Jamie Dimon's ( "Bit... on October 25, 2020, 11:47 ... Are you willing to use an Escrow for the deal? With the “Trade with Extreme caution” mark under your profile its going to be hard to find s… The 21 Command Line Interface (CLI) is a collection of tools that enable you to quickly mine fractions of bitcoin and use them to buy and sell digital goods. It is also the gateway to developing and serving all of your bitcoin-payable applications. ( source ) SSH into Bitseed and run the following command in the terminal: Go to and follow the instructions to create a 21 account. If you do not ...

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The 21 Bitcoin Computer - YMB Podcast E91

This video is unavailable. Watch Queue Queue Satoshibox is the largest online platform for selling digital products in its vast majority are tools like software and scripts to generate bitcoins in the most varied possible forms! If you ... Litecoin is pretty much a copy of bitcoin although there are a few differences , it could very well be like digital silver if people regard Bitcoin as digital gold. In this video we explain how to create an online Bitcoin wallet. Video realized in the campaign bounty program of Cresio. CRESIO NETWORK LINKS : → Facebook :... MP3: https://ymb.tc/bitcoin-podcast/the-21-bitcoin-computer-ymb-podcast-e91/ This is episode 91 of You, Me, and BTC – your liberty and Bitcoin podcast! A few...

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