Bitcoin Core version 0.12.0 released

Particl Marketplace: Where Sellers Meet Buyers

Particl Marketplace: Where Sellers Meet Buyers
People had been speculating since the dawn of crypto when the world’s largest online marketplaces, the ones of the Amazon caliber like eBay, Etsy or AliExpress, and, well, Amazon itself, would start to accept cryptocurrencies. There were a slew of rumors, opinions, and theories thickly interspersed with false reports popping up here and there of Amazon and its little cousins being on the verge of embracing cryptocurrencies. On top of that, someone has actually posted a petition on change.org to add Ether to Amazon as a payment method.
by StealthEX
Long story short, that was a waste of time. High hopes fell flat, and people lost religion. But not all. As the common wisdom goes, when hope dies, action begins. This exposition describes one such effort which tries to bring to fruition the idea of a decentralized marketplace for trading goods and services. And as you might have already figured it out, with a cryptocurrency as a means of payment. So let’s welcome Particl Marketplace and see what it has to offer – and what Amazon has missed.

What is it, in simple words?

Particl Marketplace is an online marketplace where you can trade goods and services. Not a big deal, you may think. However, what distinguishes it from places like Amazon as well as cryptocurrency-enabled marketplaces is the decentralized nature of purchases on Particl. You can think of it as a variety of a decentralized cryptocurrency exchange (aka DEX) where trades are being conducted on-chain. But in case of Particl, it is goods and services that are being traded, not fiat or crypto, with deals on-chain as well, fully encrypted and decentralized.
Particl is a global peer-to-peer privacy-centered marketplace that uses an automated two-party escrow system. It is crypto-agnostic and designed to work with any cryptocurrency, creating a secure, highly-scalable environment supported by a privacy-focused blockchain-based platform. The team behind the project sees its mission in developing “a new decentralized, private and democratic economy” that is governed by the network of its users, with no central authority or middleman getting in the way.
In the project developers’ own words, Particl enables everyone to participate in a free, anonymous exchange of all kinds of goods, without paying any fee and regardless of geographical location. To be sure, you are already thinking about Silk Road and its dark fate, and that the government is going to crack down monumentally on Particl one day. Well, the outcome may vary as the payments on the platform are made using its own cryptocurrency PART, with its laser focus on privacy and anonymity. But more on this later.

How did it grow up?

The development of the Particl project started in early 2017 with the release of the white paper describing the team’s vision for the marketplace, which was shortly followed by a successful seed funding that brought in enough funds ($750,000) to support the development of the project for a year (it turned out sufficient to last for over two years).
These donations helped to establish the Particl Foundation, a non-profit Swiss organization with the goal of providing legal protection for the project to ensure its sustained development and compliance with government regulations. It receives 10% of all the staking rewards generated on the Particl network, making the project self-sustainable and free for most uses.
Unlike other such projects in the crypto arena, Particl has been using its own blockchain from day one, which happened to be July 17, 2017. It was specifically designed to be crypto agnostic by supporting and working with any cryptocurrency. Additionally, it supported the smart contract tech out of the box, giving users an ability to build all kinds of decentralized applications (dApps) that can be directly integrated into the Particl marketplace.
On May 31, 2018, the Particl Marketplace, the Holy Grail of the entire endeavor, was made available for alpha testing on the testnet of the project, which later split into development and stable branches. It went live with the mainnet release of the Particl Open Marketplace on August 12, 2019, which featured Particl Desktop 2.0.0, a client-side application providing user interface and built-in wallet functions.
On November 25, 2019, the Particl Desktop 2.3.0 client was released that enabled Bitcoin payments and marked the introduction of untraceable transactions. With the help of the new in-wallet exchange module, everyone can easily swap their bitcoins for the native PART coin. Moreover, the module allows seamless integration of third-party accountless exchange services right into the marketplace, with StealthEX being one of them.

How is it different from other marketplaces?

The common solution many P2P marketplaces implement to protect buyers and sellers from the other party failing to honor their end of the bargain is through third-party escrow, where the “third-party” in the majority of places and cases is the platform itself that the market participants must mutually trust. In short, it is a single point of failure. And the selling (pardon the pun) point of the entire Particl’s marketplace is its decentralized escrow, which is a thing entirely between the two parties engaged. No middlemen allowed here!
And these are not empty words. Particl implements the concept best known as Mutually Assured Destruction (aptly shortened as MAD), a military doctrine you are certainly familiar with, and probably even afraid of, that consists in a mutual destruction of two belligerent parties in an all-out nuclear holocaust. If you are curious, the idea stems from the game theory and has a lot to do with the Nash Equilibrium, of John Nash’s fame. In a nutshell, Particl removes the need for a trusted escrow agent by introducing MAD escrow smart contracts.
A MAD escrow contract allows to lock funds in a multi-signature address that can be released only if all the parties sign off on the transaction. So both the seller and the buyer lock in the contract an agreed amount for a specified period of time, with the buyer also depositing the payment for the items purchased. The escrowed funds are released when both parties confirm the fulfillment of the agreement. Should one party break the terms, the funds remain locked for good causing a mutual financial loss until both parties agree to sign off.
Another crucial aspect of Particl Marketplace is its end-to-end privacy. The problem with conventional marketplaces acting as an escrow agent is that the communication between the parties should be open to the agent for it to serve as an arbitrator. With Particl, it is no longer required, and all messages between the buyer and the seller are encrypted. Despite being public, only their recipient can decrypt them, which effectively makes messages untraceable.
This is also where the PART coin turns up quite handy. It enables three different privacy modes, and with the most secure mode, the Anon mode, PART transactions utilize the RingCT privacy protocol, which hides both the amount transferred and the identity of the parties transacting. Accordingly, every part of the entire Particl trading environment is thoroughly decentralized, and the full anonymity of market participants is maintained at all times, making the platform a completely trustless marketplace. Big Brother is no longer watching you.
Aside from that, you can stake PART and generate a source of passive income for yourself. Particl uses a custom Proof-of-Stake consensus protocol, allowing you to get a piece of the pie in the form of new coins created at each block according to the scheduled inflation process. The annual inflation rate is initially set to 5% and goes down 1 percentage point every year until it finally floors at 2% indefinitely. Moreover, these rates are a bare minimum as they assume that all PART coins have been staked. Otherwise, the income will be bigger and better as the same rewards are paid to fewer coins.
Additionally, your passive income through staking PART will be augmented by the fees generated through the everyday marketplace operations. Whether it is network fees collected via PART transactions or marketplace listing fees paid by the sellers, all of them contribute to the stakers’ rewards. At the end of the day, staking PART can turn into a profitable business once the Particl platform starts to attract more traffic. In simple words, the more popular the market gets, the more fees it generates, the more coins the stakers earn.
As PART is a standalone cryptocurrency, it can be used outside Particl Marketplace as well. So if you plan on using it for purposes other than eCommerce, it is traded on several exchanges, for example, HitBTC and Bittrex, with more exchanges to list PART in the future. There are native Particl wallets available for storing PART such as Particl Qt with Ledger support, Particl-cli, and Particl Copay Wallet, with the latter available for both the desktop and the mobile. There is also a third-party multicurrency Flare Wallet, enabling cold staking for Particl.
Running Particl is a collective effort, which means no operational costs and no company bagging profits from it. The marketplace buyers don’t pay any commissions other than tiny network confirmation fees, while the sellers are only charged a small listing fee to keep spam listings to a minimum. This creates a highly competitive environment, with the sellers making more profits and the buyers having access to cheaper goods and services as a result.

What’s in the pipeline?

The next major release of the Particl Marketplace should have been Particl Desktop 2.4.0, but it was later rebranded as Particl Desktop 3.0 to reflect its breakthrough nature. It is set for release in the second half of 2020 and will enable the addition of user-created markets and storefronts, effectively turning the Particl marketplace into a network of specialized markets.
And if you think about it, that makes perfect sense. Say, you have a social network account highly merited and full of karma that you want to sell, whatever your reasons might be. Then creating a dedicated market for trading such accounts privately and securely may look extremely appealing to you. Whether it is the right thing to do is another matter, of course.
Kidding aside, it is obviously not about selling or offering something that the society on the whole doesn’t approve of or frowns upon. If you are a freelancer, for example, a graphics designer or a translator, you would be certainly interested in the future freelancer markets – along with your potential employers. Put simply, birds of a feather should flock together.
To keep things in perspective, popular freelancer markets that exist today charge up to 10-20% of what you would get from your client if you negotiated directly. All in all, establishing communities across the marketplace seems to be the next logical step in the natural evolution and growth of the platform. In fact, it is a little surprising that the Particl team didn’t come up with this idea earlier.
Meanwhile, we wish Particl success and good luck in achieving their goals and aspirations.
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to PART.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your PART coins!
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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/08/26/particl-marketplace-where-sellers-meet-buyers/
submitted by Stealthex_io to StealthEX [link] [comments]

Secure paper wallet tutorial

This is my handout for paranoid people who want a way to store bitcoin safely. It requires a little work, but this is the method I use because it should be resistant to risks associated with:
  1. Bad random number generators
  2. Malicious or flawed software
  3. Hacked computers
If you want a method that is less secure but easier, skip to the bottom of this post.
The Secure Method
  1. Download bitaddress.org. (Try going to the website and pressing "ctrl+s")
  2. Put the bitaddress.org file on a computer with an operating system that has not interacted with the internet much or at all. The computer should not be hooked up to the internet when you do this. You could put the bitaddress file on a USB stick, and then turn off your computer, unplug the internet, and boot it up using a boot-from-CD copy of linux (Ubuntu or Mint for example). This prevents any mal-ware you may have accumulated from running and capturing your keystrokes. I use an old android smart phone that I have done a factory reset on. It has no sim-card and does not have the password to my home wifi. Also the phone wifi is turned off. If you are using a fresh operating system, and do not have a connection to the internet, then your private key will probably not escape the computer.
  3. Roll a die 62 times and write down the sequence of numbers. This gives you 2160 possible outcomes, which is the maximum that Bitcoin supports.
  4. Run bitaddress.org from your offline computer. Input the sequence of numbers from the die rolls into the "Brain Wallet" tab. By providing your own source of randomness, you do not have to worry that the random number generator used by your computer is too weak. I'm looking at you, NSA ಠ_ಠ
  5. Brain Wallet tab creates a private key and address.
  6. Write down the address and private key by hand or print them on a dumb printer. (Dumb printer means not the one at your office with the hard drive. Maybe not the 4 in 1 printer that scans and faxes and makes waffles.) If you hand copy them you may want to hand copy more than one format. (WIF and HEX). If you are crazy and are storing your life savings in Bitcoin, and you hand copy the private key, do a double-check by typing the private key back into the tool on the "Wallet Details" tab and confirm that it recreates the same public address.
  7. Load your paper wallet by sending your bitcoin to the public address. You can do this as many times as you like.
  8. You can view the current balance of your paper wallet by typing the public address into the search box at blockchain.info
  9. If you are using an old cell phone or tablet do a factory reset when you are finished so that the memory of the private keys is destroyed. If you are using a computer with a boot-from-CD copy of linux, I think you can just power down the computer and the private keys will be gone. (Maybe someone can confirm for me that the private keys would not be able to be cached by bitaddress?)
  10. To spend your paper wallet, you will need to either create an offline transaction, or import the private key into a hot wallet. Creating an offline transaction is dangerous if you don't know what you are doing. Importing to a client side wallet like Bitcoin-Qt, Electrum, MultiBit or Armory is a good idea. You can also import to an online wallet such as Blockchain.info or Coinbase.
Trusting bitaddress.org
The only thing you need bitaddress.org to do is to honestly convert the brainwallet passphrase into the corresponding private key and address. You can verify that it is doing this honestly by running several test passphrases through the copy of bitaddress that you plan on using, and several other brainwallet generators. For example, you could use the online version of bitaddress, and brainwallet and safepaperwallet and bitcoinpaperwallet. If you are fancy with the linux command line, you can also try "echo -n my_die_rolls | sha256sum". The linux operating system should reply with the same private key that bitaddress makes. This protects you from a malicious paper wallet generator.
Trusting your copy of bitaddress.org
Bitaddress publishes the sha1 hash of the bitaddress.org website at this location:
https://www.bitaddress.org/pgpsignedmsg.txt
The message is signed by the creator, pointbiz. I found his PGP fingerprint here:
https://github.com/pointbiz/bitaddress.org/issues/18
"527B 5C82 B1F6 B2DB 72A0 ECBF 8749 7B91 6397 4F5A"
With this fingerprint, you can authenticate the signed message, which gives you the hash of the current bitaddress.org file. Then you can hash your copy of the file and authenticate the file.
I do not have a way to authenticate the fingerprint itself, sorry. According to the website I linked to, git has cryptographic traceability that would enable a person to do some research and authenticate the fingerprint. If you want to go that far, knock yourself out. I think that the techniques described in this document do not really rely on bitaddress being un-corrupt. Anyway, how do we know pointbiz is a good guy? ;-)
There are a lot of skilled eyes watching bitaddress.org and the signed sha1 hash. To gain the most benefit from all of those eyes, it's probably worthwhile to check your copy by hashing it and comparing to the published hash.
"But we aren't supposed to use brainwallets"
You are not supposed to use brainwallets that have predictable passphrases. People think they are pretty clever about how they pick their passphrases, but a lot of bitcoins have been stolen because people tend to come up with similar ideas. If you let dice generate the passphrase, then it is totally random, and you just need to make sure to roll enough times.
How to avoid spending your life rolling dice
When I first started doing this, I rolled a die 62 times for each private key. This is not necessary. You can simply roll the die 62 times and keep the sequence of 62 numbers as a "seed". The first paper address you create would use "my die rolls-1" as the passphrase, the second would be "my die rolls-2" and so on. This is safe because SHA256 prevents any computable relationship between the resulting private key family.
Of course this has a certain bad security scenario -- if anyone obtains the seed they can reconstruct all of your paper wallets. So this is not for everyone! On the other hand, it also means that if you happen to lose one of your paper wallets, you could reconstruct it so long as you still had the seed.
One way to reduce this risk is to add an easy to remember password like this: "my die rolls-password-1".
If you prefer, you can use a technique called diceware to convert your die rolls to words that still contain the same quantity of entropy, but which could be easier to work with. I don't use diceware because it's another piece of software that I have to trust, and I'm just copy/pasting my high entropy seed, so I don't care about how ugly it is.
Why not input the dice as a Base 6 private key on the Wallet Details tab?
Two reasons. First of all, this option requires that you roll the die 99 times, but you do not get meaningful additional protection by rolling more than 62 times. Why roll more times if you don't have to? Second, I use the "high entropy seed" method to generate multiple private keys from the same die rolls. Using the Base 6 option would require rolling 99 times for every private key.
I'm a big nerd with exotic dice. How many times to roll?
Put this formula in Excel to get the number of times to roll: "=160*LOG(2,f)" where f = number of faces on the die. For example, you would roll a d16 40 times. By the way, somewhat unbelievably casino dice are more fair than ordinary dice
The "Change address" problem:
You should understand change addresses because some people have accidentally lost money by not understanding it.
Imagine your paper wallet is a 10 dollar bill. You use it to buy a candy bar. To do this you give the cashier the entire 10 dollar bill. They keep 1 dollar and give you 9 dollars back as change.
With Bitcoin, you have to explicitly say that you want 9 dollars back, and you have to provide an address where it should go to. If you just hand over the 10 dollar bill, and don't say you want 9 dollars back, then the miner who processes the transaction gives 1 dollar to the store and keeps the remainder themselves.
Wallet software like Bitcoin-Qt handles this automatically for you. They automatically make "change addresses" and they automatically construct transactions that make the change go to the change address.
There are three ways I know of that the change problem can bite you:
  1. You generate a raw transaction by hand, and screw up. If you are generating a transaction "by hand" with a raw transaction editor, you need to be extra careful that your outputs add up to the same number as your inputs. Otherwise, the very lucky miner who puts your transaction in a block will keep the difference.
  2. You import a paper wallet into a wallet software and spend part of it, and then think that the change is in the paper wallet. The change is not in the paper wallet. It is in a change address that the wallet software generated. That means that if you lose your wallet.dat file you will lose all the change. The paper wallet is empty.
  3. You import a paper wallet into a wallet software and spend part of it, and then think that the change is in the change address that the wallet software generated. If the transaction did not need to consume all of the "outputs" used to fund the paper wallet, then there could be some unspent outputs still located at the address of the paper wallet. If you destroyed the paper wallet, and destroyed the copy of the private key imported to the wallet software, then you could not access this money. (E.g. if you restored the software wallet from its seed, thinking all of the money was moved to the wallet-generated change addresses.)
For more on this, see here
The hot paper wallet problem
Your bitcoin in your paper wallet are secure, so long as the piece of paper is secure, until you go to spend it. When you spend it, you put the private key onto a computer that is connected to the internet. At this point you must regard your paper wallet address as hot because the computer you used may have been compromised. It now provides much less protection against theft of your coins. If you need the level of protection that a cold paper wallet provides, you need to create a new one and send your coins to it.
Destroying your paper wallet address
Do not destroy the only copy of a private key without verifying that there is no money at that address. Your client may have sent change to your paper wallet address without you realizing it. Your client may have not consumed all of the unspent outputs available at the paper wallet address. You can go to blockchain.info and type the public address into the search window to see the current balance. I don't bother destroying my used/empty paper wallet addresses. I just file them away.
Encrypting your private key
BIP 0038 describes a standardized way to encrypt your paper wallet private key. A normal paper wallet is vulnerable because if anyone sees the private key they can take the coins. The BIP38 protocol is even resistant to brute force attacks because it uses a memory intensive encryption algorithm called scrypt. If you want to encrypt your wallets using BIP38, I recommend that you use bitcoinpaperwallet because they will let you type in your own private key and will encrypt it for you. As with bitaddress, for high security you should only use a local copy of this website on a computer that will never get connected to the internet.
Splitting your private key
Another option for protecting the private key is to convert it into multiple fragments that must be brought together. This method allows you to store pieces of your key with separate people in separate locations. It can be set up so that you can reconstitute the private key when you have any 2 out of the 3 fragments. This technique is called Shamir's Secret Sharing. I have not tried this technique, but you may find it valuable. You could try using this website http://passguardian.com/ which will help you split up a key. As before, you should do this on an offline computer. Keep in mind if you use this service that you are trusting it to work properly. It would be good to find other independently created tools that could be used to validate the operation of passguardian. Personally, I would be nervous destroying the only copy of a private key and relying entirely on the fragments generated by the website.
Looks like Bitaddress has an implementation of Shamir's Secret Sharing now under the "Split Wallet" tab. However it would appear that you cannot provide your own key for this, so you would have to trust bitaddress.
Durable Media
Pay attention to the media you use to record your paper wallet. Some kinds of ink fade, some kinds of paper disintegrate. Moisture and heat are your enemies.
In addition to keeping copies of my paper wallet addresses I did the following:
  1. Order a set of numeric metal stamps. ($10)
  2. Buy a square galvanized steel outlet cover from the hardware store ($1)
  3. Buy a sledgehammer from the hardware store
  4. Write the die rolls on the steel plate using a sharpie
  5. Use the hammer to stamp the metal. Do all the 1's, then all the 2's etc. Please use eye protection, as metal stamp may emit sparks or fly unexpectedly across the garage. :-)
  6. Use nail polish remover to erase the sharpie
Electrum
If you trust electrum you might try running it on an offline computer, and having it generate a series of private keys from a seed. I don't have experience with this software, but it sounds like there are some slick possibilities there that could save you time if you are working with a lot of addresses.
Message to the downvoters
I would appreciate it if you would comment, so that I can learn from your opinion. Thanks!
The Easy Method
This method is probably suitable for small quantities of bitcoin. I would not trust it for life-altering sums of money.
  1. Download the bitaddress.org website to your hard drive.
  2. Close your browser
  3. Disconnect from the internet
  4. Open the bitaddress.org website from your hard drive.
  5. Print a paper wallet on your printer
  6. Close your browser
submitted by moral_agent to BitcoinWallet [link] [comments]

Vertcoin's Recent Decisions. The damage hasn't been done yet, please join me in stopping the madness!

Foreword
Alright, I’ve been sitting on the sidelines about most of the dealings with Vertcoin because I felt like a lot of the sensible voices were loud enough on their own. Many people have stepped up to the plate and developed amazing products that benefit Vertcoin at no addition expense to the original development team. I’ve seen and helped test/brainstorm some incredible projects. Vert.geek.nz was a great example: a project that promoted p2pool mining while still allowing miners to reap the benefit of merged mining. Before nzsquirrell brought us this product we were all forced to either solo mine or to switch to a mining pool that support merged coins (namely SimpleVert at the time). V2p was another amazing product. There's the One Click Miner that's being developed right now... There are a lot more, but my point is that people were able to see a need for a new service, and build that service without any voting or public funding or whatever. And they did an amazing job because they thought things through. With input from multiple sources, and a slow, steady brainstorming session, they were able to develop something that really couldn’t have been made better.
Democracy in Action
Alternatively, Vertcoin itself is being left to an absolutely ridiculous voting process right now that WILL destroy the coin, and here’s why: The democratic process doesn’t work. If you build a system by which the majority can make these kinds of decisions, you create an environment based purely on mob mentality. If I can convince a large enough group of people that a certain idea is better than another, I win. This is extremely bad if you’re trying to gather interest from investors as well because it creates too much variance in coin value and feature sets (the idea of changing the also they would probably like, since that’s something Vertcoin has been about since the beginning, changing the inner workings of the coin simply to combat a single “problem” is VERY BAD if you want to attract investors because they see these moves as signs of weakness).
Development
Now, I’ll come back to the VertVote process later, because I think the most important thing to talk about right now is the decision-making process on the part of our developers.
The VTC dev team has done numerous things that don’t make sense to a number of users lately, and they need to be addressed. First, the website update. We’ve beat this horse to a pulp, and I understand that, but I think people still need to keep this in mind. When the new site was released, there wasn’t any input from the community. There wasn’t any play-testing or public brainstorming done to help promote discussion that might have found issues with this site. For example, the “Mining” page still doesn’t have a single mining pool listed, which leaves a user to go out and find a solid pool on their own. This isn’t easy, especially for someone who doesn’t even know how cryptocurrencies work (the primary audience for a site like this should be users with no crypto experience). The same goes for the “Details” page. There’s plenty of technical information, but that doesn’t mean anything to a regular person. They don’t know what an algorithm is, or what block times/rewards are… It even mentioned merged-mining, without any information on what that is. It’s just confusing for a newbie.
Management
Second, and similarly, the marketing fund got thrown into a pit of uselessness. Vertcoin.org was advertised to miners on a site where people go to see the profitability and mining calculations for a number of coins. Let’s just say that the ad actually catches a miners eye and they click on it. It would lead them to a site that has no information on which mining pools they can/should connect to, aside from p2pool. So the most common frequenter of that site can’t access the most important information he would want from the Vertcoin website. I want to know how that seemed like a good idea.
Alternatively, a group of dedicated Vertans (including one miner that has somewhere in the ballpark of 40 rigs, so he’s pretty damn dedicated), built an entire site from scratch that addressed a number of things for regular folks who we should be attracting to Vertcoin, and presented it to the community and the development team. I realize that there’s a sort of pride in work mentality that might have made the devs prefer their own site, but in this case the new presentation was, in my opinion, better. Furthermore, the devs could have taken this new site and moved it over straight away with almost no other changes, besides a couple small fixes and integration to include mobile browsers. Instead, all they got was a 'thanks for the suggestions, I’ll use some of your stuff if it seems fitting’. If you want to check out the alternative site that a few dedicated Vertans built, check it out here.
VertVote
Now, I promised to come back to VertVote. VertVote says on their front page: "You may vote once on any active poll. Make your voice heard Vertan!”, yet there’s literally nothing stopping a member from voting multiple times. So now we’re making decisions about the life of the coin based on how many possible mis-informed people vote for something, with the honest folks losing out more than anyone else (since the honest ones are the ones less likely to cheat)… Probably the most important factor for VertVote would be the fact that it's in the hands of such a knee-jerk crew right now. I didn't even realize that the vote for block maturation was actually a decision-making vote. I assumed it was simply a poll that the dev team wanted to conduct to get a gauge of how strongly the miners feel on the subject. Instead, they took one of the most poorly worded/conducted votes and turned it into the final decision on the continuation of the coin. That was the wrong decision.
Not only that, but it appears that the dev team has decided to interpret the voting results however they see fit, without letting anyone know the conditions of the vote in advance. The example of this being that fact that they completely disregarded the winning vote and instead gave the vote to the second-highest result. To me, this would be like throwing the clear presidential winner out because he only had 49% of the vote (so 51% didn’t want him) and instead picking the candidate who had 30% of the vote simply because he was among the majority… It makes no sense, and if you were going to start a vote with such a senseless base to it, you should have stated as much and given voters more time to decide before they cast their vote(s).
As for the VertVote manipulation, for those who don’t believe me. It’s incredibly easy, and ridiculous. To test things out, I used 100 VTC, spread it out across 10 VTC addresses and cast a vote from each. Nothing in the site, not even a browser cookie, stopped me from casting multiple votes. But then I thought a bit more. Why limit myself by how much VTC I have? All I need is 10 VTC in an address at the moment I cast my vote. So really, I just need 10 VTC plus [number of votes I want to cast] times [transaction fee to send 10 VTC]. I could just keep creating wallets, sending the 10 VTC to the new wallet, and vote again… On the other hand, one of the measures to fight against this behavior is a block on IP addresses submitting multiple votes. This doesn't seem all that logical, considering multiple people could reside at one location / share an internet connection and not be able to voice their opinion as well as a single person / internet user.
Economically, These are Bad Decisions
As for the block subsidy change proposal: This is getting out of hand. Cryptocurrencies’ values need to stay in line with regular products and fiat currency. A very successful cryptocurrency should have about a 1:1 ratio with things normal people are used to. What this means is that we want Vertcoin to settle in value somewhere between $0.50 and $3 each, so that normal people can easily convert the value and go from there. Artificially halting/slowing the production of Vertcoin may result in a slight pump in value, but ultimately it will detract investors because it causes more variance (who knows what the devs/community will want to do next) and it makes Vertcoin less easy to calculate compared to what they’re used to (i.e. the dollar, euro, etc).
Think of it, literally, as a coin. If Vertcoin were an actual coin and each coin were worth over $100, people won’t exactly want to carry it around. For this reason, Bitcoin community members have been discussing creating a denomination of sorts, so they could refer to smaller increments of BTC as something like bits and have each bit worth $0.10-1.00. Your proposal would do the exact opposite and make Vertcoin even more difficult for the layman to comprehend.
Minor side-point
One last thing, and this is mostly unrelated (I noticed it during my experimentation): Vertcoin-Qt has an option to view a transaction on VertExplorer, even though VertExplorer isn’t even around anymore. Alternatively, there’s explorer.vertcoin.org, which works fine. Can the devs please change the wallet so that it can reference transactions without having to copy, browse to explorer.vertcoin.org and then paste/search for that transaction?
For Those Who Think We Need VertVote:
I ask you this, what did you come here for? Did you like Vertcoin, or did you like the idea of a coin that could be constantly changed on the whim of a couple hundred votes? We all bought into Vertcoin because we liked what it stood for (ASIC-resistance), and the economics of it were sound. Even now, the economics of it are only frowned upon because we see so many PoS coins taking over the market. Nobody's out there suggesting we switch to a PoS model, even though PoS is patently anti-ASIC, ASIC-proof for that matter. The whole point of cryptocurrencies is that they are void of any centralized control. If we leave this coin up to the decisions of those who hold it, we're still centralizing the currency's control to those people in particular. Instead, we should be basing the currency on a constitutional model (by that I mean that there should be absolutes that won't be changed, such as the block reward schedule, total VTC supply, time to block solve, etc). The technical details should only change out of absolute necessity to maintain the requirements laid out in the coin's "constitution". In this case, changing the algorithm makes sense, because it maintains the constitutional requirement of being ASIC-resistant. Changing the block reward is just an idea that people like because they see it as a way to increase the value and ROI of their current holdings, without regard to the fact that it'll scare off practically any conscious investor.
submitted by phishfi to vertcoin [link] [comments]

PART 1: Summary (transcript) of Wednesday's AMA given by the Particl Team - Thank you to all who participated!

Below is a summary (PART 1) of our AMA held Wednesday, 2017.06.28. Thank you for everyone who participated!
Please refer to /Particl/wiki/faq for our maintained collection of questions. We ask you make sure your question hasn't already been answered before submitting. Thank you.

QUESTIONS:

Where are we as far as the mainnet release?

we are waiting for Particl foundation to be approved. Paperwork is in Swiss regulator's hands and we're waiting for them to approve so they can oversee us create PART tokens and distribute PART tokens

Did they say anything as far as when they will approve like an approximate date or just when they get to it?

once foundation is formed we'll use a couple days to do final prep for mainnet setup and then release the clients, source and tokens

and you guys are 100% sure they will approve and is just a matter or time?? Are you guys sure of the Swiss foundation approval, that they will approve?

our legal counsel is Swiss based and have been through this process before so we're trusting they have all the right docs to get the job done. We were only told it takes 2 weeks to receive the answer once they have paperwork

Since Micah seems not to be present, is he still part of the team?

micah is still a member of the team as an adviser. he has and will continue to contribute to the Particl project. On top of that, his fiance just said yes, so he's pretty busy

Can I ask how much did you guys raise and currently holdings you have (mainly asking if you have enough for years to come) ?

the team has raised 591 btc and roughly 250k particl. this will last the team for an expected 9 months, which is more than what we need to come up with a working marketplace. there will be a 2nd crowdfunding early next year and we will be expecting particl to be self funding after that.

What is particl

to put it simply, Particl will be an anonymous, crypto-agnostic marketplace. this will be a self-governed decentralized system

Hey Particl team, can you comment on whether or not the fact that it's taking the Swiss Regulator so long to approve has anything to do with any problems that have surfaced, and if so, what those problems are, or is it typical for it to take this long?

I know Zug is getting bombarded with cryptocurrency startups.

Hi there team at Particl, will the GUI be released alongside mainnet?

we have started testing the GUI internally. There will be a testnet with the GUI prior to mainnet

Who do you see as your biggest competitor in blockchain and in traditional sense of the way atm?

there have been markets around for a while. We are focusing on anonymity and decentralized governance.
Particl in it's current state is a privacy platform, so we would be in competition with privacy coins. We are testing Confidential Transactions and RingCT on our TESTNET3 atm. Monero is the only other currency using RingCT and only a view others are using CT. Particl is the first to use this tech on Bitcoin codebase. We also have a decentralized voting mechanism so projects like Decred who are excelling at governance are projects we would also be similar too.
Once our market is out we'd have competition from other decentralized marketplaces like bitbay, OpenBazaar, Syscoin's blockmarket and a couple ethereum projects in early phases of development. We'd also be competing against ecommerce sites on clearnet that are strictly centralized models.
The cool thing with the market is it'll be crypto-agnostic so no crypto would be competition. OB also will offer a crypto-agnostic market and I don't recall if Syscoin's does at this time.

So if it's crypto agnostic where does the value of PART come from?

what's good about particl is that buyers can pay in whatever coin they want, provided it's available in shapeshift. it will automatically be converted to particl. it will be the receiver's choice to sell, hold or stake particl

When can we expect a working beta of the marketplace? Is the team focused on developing a mobile app version that can do staking on a mobile platform as well?

In terms of our timeline, we anticpate the beta to be out mid October, that's without the reputation system.
we intend to have the reputation system in place towards the end of October, at the same time we will have the protocols and codebase audited

Long time supporter for Shadowcash/Particl since the early days. The biggest gripe I have with the transparency and delays between the team and the community/supporters/investors. This has stemmed from the Shadowcash days - do you have any plans to change the way you address any delays? NB. Nothing against your team, I love the work produced - as a long term supporter I would like to see a company take a more proactive approach to issues that have stemmed in the past and not release hype/release dates until 100% certain.

as you can probably see on twitter, blogs, 3rd party media etc, we are actively informing the community about the status of particl. good or bad. you can see this on https://particl.news

Can you explain your exchange mechanism somewhat? What exactly takes place in the background? Explain the client server side of that token being exchanged to the customer receiving that different coin

what we want for particl marketplace to be is a seamless system where buyer doesn't even know he's buying particl to transact. this will be beneficial to normal users who are not familiar with crypto

Any plans to integrate fiat gateway? I don´t see how particl can go mainstream without this feature!

yes there is a plan. there are ideas but not limited to coordinating with companies like changelly, so buyers can use credit cards. but priority is still the marketplace

will Particl team implant feature similiar to delegatation (dPoS) in order for small staker to vote on propsoal without setting a node? I quite like the delegate feature in ARK. Will Particl team implant feature similiar to delegatation (dPoS) in order for small staker to vote for their delegate on propsoal without setting a node?

currently there is no plan on changing the PoS structure. I agree dPoS has their upsides, but for the product that particl is setting up, PoS is the perfect choice currenctly

Hi there, long-term supporter. I bought SDC back in February of 2015 and have been following the project closely the whole time. One thing I have a problem with is that you have announced the marketplace launch a number of times. For the first half of 2015 you continually said that it would be ready by the end of the year, then the same message was communicated in 2016. The constant missed deadlines have caused me concern, and now I'm still not sure what to believe about the market launch. So why now should we believe in the October date?

back then we barely had a functioning team. In 2015 the SDC team pretty much fell apart. Funding dried up and there was no real teamwork.. People work working on what they wanted to work on, and there were constantly issues arising that would take priority over the MP. Particl has a team now, as well as funding, a project manager, and we are busy growing.
there have been governance issues that have arisen that have delayed the project but now there is a dedicated team of 15 people of which 10 are working full time

How will you approach sellers to use particl market?

there are a lot of upsides for sellers to use particl market. less paper works, tax breaks (depending on location), more security for seller, not to mention cheaper. we will approach them on more than 1 way. 1 st priority however will be existing crypto sellers

what do you mean with "existing crypto sellers" as your 1st priority?

sorry, let me clarify. currently, there are a lot of existing sellers who are also sellers on amazon/ebay etc, also people capitalizing on selling crypto merchandize, these will be our initial users and we'll work on that growth

thanks for clarifying, that makes sense. Will there be any mechanisms in place to ensure that no illegal products are sold?

yes, we will put in a governance model where stakers can vote whether they are ok with putting a product in. as there are grey areas for products, this will be based on votes

Will you guys release with ringCT due October?

ringCT is currently in testnet 3

Will the marketplace allow the ability to create a private market that would require either registration or invitation?

will users be able to create a 'private market' or is everything 100% public? Yes there will be support for Private Markets

thanks! Has this feature been fully fleshed-out in terms of development? Like will there be an integrated invitation system or ability to create user credential authentication information? And also, will the private market be subject to its own separate governance?

conceptually it is not much different to the public market other than the key to access the private channel is a secret and shared by the creator with those he wishes to invite .. there will be no governance on the private market as its impossible to govern something you cannot access
particl platform itself is a private marketplace. no one will be able to know what anyone buys/sells, thanks to the CT, RingCT features and encrypted msgs

so the answer is no? People won't be able to create sub-markets within the main marketplace? like with authentication restriction

yes

What will be the main differences between the Part wallet and the old Umbra?

Particl is being built on the bitcoin core 0.14 codebase. We are building the GUI from the ground up, using Angular (2), and electron. Umbra used QtWebkit, and native html5 + jquery. The UI is new, as well as a way healthier backend inherited from bitcoin core
The main difference is codebase. Umbra was built on bitcoin .08. Particl is built on bitcoin .14. So we'll have native segwit, malleability fixes, increased security, bip65, lightning network readiness.
The privacy is increased as well. Umbra used ring-sigs and Particl is using Confidential Transactions and is testing RingCT.

Is Crz here with a different username? if not can you guys tell us how the GUI of Part is going? What is he working on now?

here is a link to their GitHub, you can see the progress: https://github.com/particl/partgui
crz is working on the GUI wireframes still, as well as the new website design. He will be helping out with the GUI as soon as he is finished with his current tasks, to give it some polish

Will their be a 3rd party Audit for RingCT feature before forking it, and do you have an idea how much time this audit could take?

Yes, definitely. It was one of our funding milestones and it'll be around 3 months to audit and correct major bugs. TESTNET3 currently has RingCT on it but we'll probably remove it for TESTNET4 because it's so raw and we're focusing on mainnet.

When's Particl expected to reach exchanges?

we are in ongoing conversations with majority of the exchanges, in an ideal scenario we would be listed on launch date, this is a work in progress and has been given priority by team
we are waiting for foundation to be finalized first before we can release the mainnet, then exchange. same as other coins, it has to be the exchange's discretion when to add a coin, but we have already communicated with numerous exchanges to list this, and we are seeing positive replies

Do you guys have an idea of when the new website will be released? which Domain will it be Particle.io still or what?

We’re working on it right now. It’ll be https://particl.io

In June 1st - blog update - you told us there was 3 new faces who joined to the team. Can you reveal who they are? What's their background?

Our new members are:

Will mainet be released with implemented ringct?

Original mainnet (this first one) won't have ringct. We'll need to audit the code first jeffjam so it'll be on testnet for a while before going live. we haven't contracted any party yet to do this. I'd imagine a 3 month window to audit is to be expected jeffjam Will mainet be released with implemented ringct?

It seems the business side of particl (picking up more clients, instead of customers to use the service) is moving faster then the developers. Any explanation on this?

by saying clients, do you mean contributors? if so, this is exactly what we expect, as this indicates speculations. same with other successful projects
our dev team is working full steam ahead and making sure we are testing properly. We are in the final stages of the GUI development. The Blockchain and daemon are working and in public testing.

So do you blame the advertising side of particl, for these announcements, or does the finger point mostly toward the developers for not meeting there timeline? What is causing the team to not work insync (as one) What improvements or changes have been made in this area?

i think it's a product of the fast paced crypto ecosystem. when people's money is on the line, deadlines and firm dates are expected and we want to be as transparent as possible so we try to accomadate, but roadbumps happen and deadlines sometimes get pushed
there certainly are challenges we are expecting like any other team/company, but we believe we are working better than an average team. now that the team is well funded, we can expect faster project and more deadlines to be met. as a matter of fact, the team has already contributed more that 100k lines on github
submitted by sexystick to Particl [link] [comments]

Log of AMA with particl

boldninja
Let's all give a warm welcome to Particl.io team members - @umbrah, @dasource, @litebit, @rynomster, @imyb, @ludx, @synergy - you can start asking them questions. You know the drill - wait till they respond (not more than 3 questions of backlog) so they can catch up. (edited)
umbrah Thanks @boldninja , we're ready to answer questions anytime :slightly_smiling_face:
rynomster thanks @boldninja, thanks Ark for having us
macdac Hey guys, so Ill be the first to ask, where are we as far as the mainnet release?
litebit macdac: we are waiting for Particl foundation to be approved. Paperwork is in Swiss regulator's hands and we're waiting for them to approve so they can oversee us create PART tokens and distribute PART tokens
jeffjam Since Micah seems not to be present, is he still part of the team?
litebit jeffjam: micah is still a member of the team as an advisor. he has and will continue to contribute to the Particl project. On top of that, his fiance just said yes, so he's pretty busy :slightly_smiling_face:
litebit is it ok to answer in threads @boldninja or do we usually just do a long string?
tranzer welcome Particl - just learning about you guys looks promising and interesting concept. Can I ask how much did you guys raise and currentl holdings you have (mainly asking if you have enough for years to come) ?
litebit @macdac we are waiting for Particl foundation to be approved. Paperwork is in Swiss regulator's hands and we're waiting for them to approve so they can oversee us create PART tokens and distribute PART tokens
umbrah @jeffjam micah is still a member of the team as an advisor. he has and will continue to contribute to the Particl project. On top of that, his fiance just said yes, so he's pretty busy :slightly_smiling_face:
macdac @litebit, did they say anything as far as when they will approve like an approximate date or just when they get to it?
litebit macdac: once foundation is formed we'll use a couple days to do final prep for mainnet setup and then release the clients, source and tokens
litebit @macdac once foundation is formed we'll use a couple days to do final prep for mainnet setup and then release the clients, source and tokens
ryano What is particl
litebit ryano: to put it simply, Particl will be an anonymous, crypto-agnostic marketplace. this will be a self-governed decentralized system
commodore64 Hey Particl team, can you comment on whether or not the fact that it's taking the Swiss Regulator so long to approve has anything to do with any problems that have surfaced, and if so, what those problems are, or is it typical for it to take this long?
litebit commodore64: I know Zug is getting bombarded with cryptocurrency startups.
zedsix Hi there team at Particl, will the GUI be released alongside mainnet?
litebit zedsix: we have started testing the GUI internally. There will be a testnet with the GUI prior to mainnet
macdac @litebit, and you guys are 100% sure they will approve and is just a matter or time??
umbrah @ryano to put it simply, Particl will be an anonymous, crypto-agnostic marketplace. this will be a self-governed decentralized system
tranzer Who do you see as your biggest competitior in blockchain and in traditional sense of the way atm?
mgaruccio So if it's crypto agnostic where does the value of PART come from?
litebit mgaruccio: what's good about particl is that buyers can pay in whatever coin they want, provided it's available in shapeshift. it will automatically be converted to particl. it will be the receiver's choice to sell, hold or stake particl
mr_robot @rynomster When can we expect a working beta of the marketplace? Is the team focused on developing a mobile app version that can do staking on a mobile platform as well?
rynomster @zedsix, we have started testing the GUI internally. There will be a testnet with the GUI prior to mainnet
jarunik Why should i use it and how will you ensure a vivid marketplace?
macdac Are you guys sure of the Swiss foundation approval, that they will approve?
umbrah @mgaruccio what's good about particl is that buyers can pay in whatever coin they want, provided it's available in shapeshift. it will automatically be converted to particl. it will be the receiver's choice to sell, hold or stake particl
litebit @commodore64 I know Zug is getting bombarded with cryptocurrency startups.
zedsix Long time supporter for Shadowcash/Particl since the early days. The biggest gripe I have with the transparency and delays between the team and the community/supporters/investors. This has stemmed from the Shadowcash days - do you have any plans to change the way you address any delays? NB. Nothing against your team, I love the work produced - as a long term supporter I would like to see a company take a more proactive approach to issues that have stemmed in the past and not release hype/release dates until 100% certain.
rynomster @mr_robot, In terms of our timeline, we anticpate the beta to be out mid October, that's without the reputation system.
michaelthecryptoguy Can you explain your exchange mechanism somewhat? What exactly takes place in the background? Explain the client server side of that token being exchanged to the customer receiving that different coin :coinspin:
sacode Any plans to integrate fiat gateway? I don´t see how particl can go mainstream without this feature!
b.b.2k17 will Particl team implant feature similiar to delegatation (dPoS) in order for small staker to vote on propsoal without setting a node?
umbrah @zedsix as you can probably see on twitter, blogs, 3rd party media etc, we are actively informing the community about the status of particl. good or bad. you can see this on particl.news
litebit @macdac our legal counsel is Swiss based and have been through this process before so we're trusting they have all the right docs to get the job done. We were only told it takes 2 weeks to receive the answer once they have paperwork
rynomster @mr_robot, we intend to have the reputation system in place towards the end of October, at the same time we will have the protocols and codebase audited
umbrah @sacode
commodore64 @rynomster Hi there, long-term supporter. I bought SDC back in February of 2015 and have been following the project closely the whole time. One thing I have a problem with is that you have announced the marketplace launch a number of times. For the first half of 2015 you continually said that it would be ready by the end of the year, then the same message was communicated in 2016. The constant missed deadlines have caused me concern, and now I'm still not sure what to believe about the market launch.
So why now should we believe in the October date?
umbrah @sacode yes there is a plan. there are ideas but not limited to coordinating with companies like changelly, so buyers can use credit cards. but priority is still the marketplace
zedsix ^ That's currently how I feel, everytime we receive a release date it never happens - it gets concerning when a company keeps doing this and doesn't learn from the previous time it occurs that you shouldn't release a release date if you're not 100% certain that you'll meet the timeline, @umbrah - the announcements posted on social media primarily are related to delays. I won't go into detail - we'll leave it there. (edited)
rynomster @commodore64, back then we barely had a functioning team. In 2015 the SDC team pretty much fell apart. Funding dried up and there was no real teamwork.. People work working on what they wanted to work on, and there were constantly issues arising that would take priority over the MP. Particl has a team now, as well as funding, a project manager, and we are busy growing. (edited)
sacode How will you approach sellers to use particl market?
tranzer Posting questions again : Can I ask how much did you guys raise and currentl holdings you have (mainly asking if you have enough for years to come) ? Who do you see as your biggest competitior in blockchain and in traditional sense of the way atm?
macdac Will you guys release with ringCT due October?
rynomster @macdac, ringCT is currently in testnet 3
b.b.2k17 I quite like the delegate feature in ARK. Will Particl team implant feature similiar to delegatation (dPoS) in order for small staker to vote for their delegate on propsoal without setting a node?
umbrah @sacode there are a lot of upsides for sellers to use particl market. less paper works, tax breaks (depending on location), more security for seller, not to mention cheaper. we will approach them on more than 1 way. 1 st priority however will be existing crypto sellers
commodore64 @rynomster thank you.
throwplastic @umbrah what do you mean with "existing crypto sellers" as your 1st priority?
umbrah @b.b.2k17 currently there is no plan on changing the PoS structure. I agree dPoS has their upsides, but for the product that particl is setting up, PoS is the perfect choice currenctly
synergy @commodore64 there have been governance issues that have arisen that have delayed the project but now there is a dedicated team of 15 people of which 10 are working full time
commodore64 Another question for the particl team: Will the marketplace allow the ability to create a private market that would require either registration or invitation?
mr_robot Was this answered? I'm also curious on the details of how this works michaelthecryptoguy Can you explain your exchange mechanism somewhat? What exactly takes place in the background? Explain the client server side of that token being exchanged to the customer receiving that different coin :coinspin: Posted in #trading_altcoinsToday at 6:09 PM
macdac What will be the main differences between the Part wallet and the old Umbra?
umbrah @throwplastic sorry, let me clarify. currently, there are a lot of existing sellers who are also sellers on amazon/ebay etc, also people capitalizing on selling crypto merchandize, these will be our initial users and we'll work on that growth
b.b.2k17 (dont forget slack has reply to thread feature, easier to follow the questions and answer)
rynomster @macdac, Particl is being built on the bitcoin core 0.14 codebase. We are building the GUI from the ground up, using Angular (2), and electron. Umbra used QtWebkit, and native html5 + jquery. The UI is new, as well as a way healthier backend inherited from bitcoin core
macdac Is Crz here with a different username? if not can you guys tell us how the GUI of Part is going? What is he working on now?
b.b.2k17 macdac: here is a link to their GitHub, you can see the progress: https://github.com/particl/partgui
sherp Also curious about this tranzer Posting questions again : Can I ask how much did you guys raise and currentl holdings you have (mainly asking if you have enough for years to come) ? Who do you see as your biggest competitior in blockchain and in traditional sense of the way atm? Posted in #trading_altcoinsToday at 6:15 PM
litebit Particl in it's current state is a privacy platform, so we would be in competition with privacy coins. We are testing Confidential Transactions and RingCT on our TESTNET3 atm. Monero is the only other currency using RingCT and only a view others are using CT. Particl is the first to use this tech on Bitcoin codebase. We also have a decentralized voting mechanism so projects like Decred who are excelling at governance are projects we would also be similar too.
Once our market is out we'd have competition from other decentralized marketplaces like bitbay, OpenBazaar, Syscoin's blockmarket and a couple ethereum projects in early phases of development. We'd also be competing against ecommerce sites on clearnet that are strictly centralized models.
The cool thing with the market is it'll be crypto-agnostic so no crypto would be competition. OB also will offer a crypto-agnostic market and I don't recall if Syscoin's does at this time. tranzer Who do you see as your biggest competitior in blockchain and in traditional sense of the way atm? Posted in #trading_altcoinsToday at 6:06 PM
umbrah @mr_robot what we want for particl marketplace to be is a seamless system where buyer doesn't even know he's buying particl to transact. this will be beneficial to normal users who are not familiar with crypto
b.b.2k17 macdac: here is a link to their GitHub, you can see the progress: https://github.com/particl/partgui GitHub particl/partgui partgui - Particl Angular GUI - The source for the Particl GUI.
rynomster @macdac, crz is working on the GUI wireframes still, as well as the new website design. He will be helping out with the GUI as soon as he is finished with his current tasks, to give it some polish (edited)
throwplastic @umbrah thanks for clarifying, that makes sense. Will there be any mechanisms in place to ensure that no illegal products are sold?
umbrah @tranzer currently there is openbazaar (OB), but we believe we will have more features like anonymity, staking and others.
trixter- Particl team: Will their be a 3rd party Audit for RingCT feature before forking it, and do you have an idea how much time this audit could take?
zedsix When's Particl expected to reach exchanges?
michaelthecryptoguy Can you explain your exchange mechanism somewhat? What exactly takes place in the background? Explain the client server side of that token being exchanged to the customer receiving that different coin :coinspin: Does this take place with shapeshift?
macdac Cool, thanks for all the answers guys, Do you guys have an idea of when the new website will be released? which Domain will it be Particle.io still or what?
sacode In June 1st - blog update - you told us there was 3 new faces who joined to the team. Can you reveal who they are? What's their background?
umbrah @throwplastic yes, we will put in a governance model where stakers can vote whether they are ok with putting a product in. as there are grey areas for products, this will be based on votes
litebit The main difference is codebase. Umbra was built on bitcoin .08. Particl is built on bitcoin .14. So we'll have native segwit, malleability fixes, increased security, bip65, lightning network readiness.
The privacy is increased as well. Umbra used ring-sigs and Particl is using Confidential Transactions and is testing RingCT. macdac What will be the main differences between the Part wallet and the old Umbra? Posted in #trading_altcoinsToday at 6:18 PM
@umbrah can speak to this, we're catching up sorry :slightly_smiling_face: sherp Also curious about this Posted in #trading_altcoinsToday at 6:21 PM
mr_robot How does the governance feature work and what's stopping people from making multiple accounts to collude on voting? Is it based on the reputation or staking? (edited)
umbrah @tranzer the team has raised 591 btc and roughly 250k particl. this will last the team for an expected 9 months, which is more than what we need to come up with a working marketplace. there will be a 2nd crowdfunding early next year and we will be expecting particl to be self funding after that.
jeffjam Will mainet be released with implemented ringct?
litebit Yes, definitely. It was one of our funding milestones and it'll be around 3 months to audit and correct major bugs. TESTNET3 currently has RingCT on it but we'll probably remove it for TESTNET4 because it's so raw and we're focusing on mainnet. trixter- Particl team: Will their be a 3rd party Audit for RingCT feature before forking it, and do you have an idea how much time this audit could take? Posted in #trading_altcoinsToday at 6:22 PM
trixter- @litebit thanks
michaelthecryptoguy It seems the business side of particl (picking up more clients, instead of customers to use the service) is moving faster then the developers. Any explanation on this?
litebit michaelthecryptoguy: our dev team is working full steam ahead and making sure we are testing properly. We are in the final stages of the GUI development. The Blockchain and daemon are working and in public testing.
litebit by saying clients, do you mean contributors? if so, this is exactly what we expect, as this indicates speculations. same with other successful projects
umbrah @michaelthecryptoguy by saying clients, do you mean contributors? if so, this is exactly what we expect, as this indicates speculations. same with other successful projects
zedsix When's Particl expected to reach exchanges?
litebit zedsix: we are in ongoing conversations with majority of the exchanges, in an ideal scenario we would be listed on launch date, this is a work in progress and has been given priority by team
rynomster @michaelthecryptoguy, our dev team is working full steam ahead and making sure we are testing properly. We are in the final stages of the GUI development. The Blockchain and daemon are working and in public testing.
macdac Are you guys concerned of the competition? like Bitbay and others that have or plan to release a market
litebit macdac: there have been markets around for a while. We are focusing on anonymity and decentralised governance.
imyb @zedsix we are in ongoing conversations with majority of the exchanges, in an ideal scenario we would be listed on launch date, this is a work in progress and has been given priority by team
umbrah @zedsix we are waiting for foundation to be finalized first before we can release the mainnet, then exchange. same as other coins, it has to be the exchange's discretion when to add a coin, but we have already communicated with numerous exchanges to list this, and we are seeing positive replies
sdcpod How far are you with the Gui ? Will it be in Testnet 4 and if yes when is testnet 4 ?
zedsix Thanks @umbrah / @imyb
umbrah :slightly_smiling_face:
sacode There will be a marketplace app on app store or google play? If so, when?
rynomster @macdac, there have been markets around for a while. We are focusing on anonymity and decentralised governance.
molefish Will there be a way to run the wallet at launch on Mac OS X?
litebit Original mainnet (this first one) won't have ringct. We'll need to audit the code first jeffjam so it'll be on testnet for a while before going live. we haven't contracted any party yet to do this. I'd imagine a 3 month window to audit is to be expected jeffjam Will mainet be released with implemented ringct? Posted in #trading_altcoinsToday at 6:25 PM
michaelthecryptoguy So do you blame the advertising side of particl, for these announcements, or does the finger point mostly toward the developers for not meeting there timeline?
litebit Any mobile version of the marketplace will come after the second funding round. This first seed round is to get the MVP to market. Greater enhancements will come with additional funding and larger focused teams. sacode There will be a marketplace app on app store or google play? If so, when? Posted in #trading_altcoinsToday at 6:32 PM
Yes. molefish Will there be a way to run the wallet at launch on Mac OS X? Posted in #trading_altcoinsToday at 6:32 PM
rynomster @sdcpod, right now we are working towards getting the GUI ready for public testing. Based on our estimates we will have some GUI elements ready for testing next week.
michaelthecryptoguy What is causing the team to not work insync (as one) What improvements or changes have been made in this area?
throwplastic Will there be a browser-based market or do users always have to use a dedicated particl software to make purchases?
dasource throwplastic: Particl wallet will work both in browser and as an application .. to ensure privacy you require your own particld daemon running within the same network. Whilst it is possible for it to work with external/shared daemons that is not part of the current scope to effects it has on ones privacy
sdcpod What you mean with "some elements" you mean the gui like back in sdc but like say without widgets ?
rynomster @sdcpod, there will be basic functionality, but it won't be complete as its still in development.
michaelthecryptoguy Who do you see as your main customer base? Average people that use or work with Crypto Currencies?
litebit @michaelthecryptoguy i think it's a product of the fast paced crypto ecosystem. when people's money is on the line, deadlines and firm dates are expected and we want to be as transparent as possible so we try to accomadate, but roadbumps happen and deadlines sometimes get pushed
trixter- Particl Team: Will TOR, I2P be integrated in the wallet on release?
dasource trixter-: TOR - yes I2P - no
mike where can we buy Particl now?
umbrah @michaelthecryptoguy there certainly are challenges we are expecting like any other team/company, but we believe we are working better than an average team. now that the team is well funded, we can expect fster project and more deadlines to be met. as a matter of fact, the team has already contributed more thatn 100k lines on github
commodore64 I'll ask this question again: will users be able to create a 'private market' or is everything 100% public?
dasource commodore64: Yes there will be support for Private Markets
commodore64 @dasource thanks! Has this feature been fully fleshed-out in terms of development? Like will there be an integrated invitation system or ability to create user credential authentication information? And also, will the private market be subject to its own separate governance?
dasource conceptually it is not much different to the public market other than the key to access the private channel is a secret and shared by the creator with those he wishes to invite .. there will be no governance on the private market as its impossible to govern something you cannot access
imyb @mike you will need to wait until PART hits the exchanges
litebit To start it'll be trend setters so crypto users. Big picture we'll be reaching out to vendors, sellers and buyers in countries that don't have access to the ease of amazon or ebay due to political positioning and restrictions on where they live. That's the big goal of the market michaelthecryptoguy Who do you see as your main customer base? Average people that use or work with Crypto Currencies? Posted in #trading_altcoinsToday at 6:36 PM
umbrah @commodore64 particl platform itself is a private marketplace. no one will be able to know what anyone buys/sells, thanks to the CT, RingCT features and encrypted msgs
mike does Particl have a wallet available for OTC exchanges?
macdac Will you guys make a video showcasing the wallet GUI soon?
litebit The wallet will be on testnet soon so people can be hands on with it :slightly_smiling_face: much better than video macdac Will you guys make a video showcasing the wallet GUI soon? Posted in #trading_altcoinsToday at 6:40 PM
commodore64 @umbrah so the answer is no? People won't be able to create sub-markets within the main marketplace?
sacode May i set my favorite currency and language to navigate on marketplace?
umbrah @mike particl will have a very user-friendly wallet :slightly_smiling_face:
commodore64 like with authentication restriction
litebit CHANNEL: is this method of question answering helping or hurting? it seems a mess and hard to keep up. we want to make sure everyone is being heard. Could we answer using threads instead?
umbrah @commodore64 that is a feature-based question. i'll ask one of my colleagues to answer that
mr_robot Threads would make more sense it seems
umbrah @commodore64 dasourced has answered your question in threads. and the answer is yes :slightly_smiling_face:
rynomster Our new members are: Imran, our Commercial and Partner Strategy Pierre-Alexis Ciavaldini, Talented developer * experienced in C, AngularJS, Web development Jason Eybers, Junior developer * he is still studying, but he is adding valuable things like unit tests, linting, and little things that the seniors aren't currently focused on. sacode In June 1st - blog update - you told us there was 3 new faces who joined to the team. Can you reveal who they are? What's their background? Posted in #trading_altcoinsToday at 6:23 PM
michaelthecryptoguy How do you overcome a vendor that is brand new to Crypto Currencies, that can't pay for his supplies or merchandise in crypto? Will you be working directly with any banks? (edited)
umbrah michaelthecryptoguy: working with banks would not be a good strategy. as of the moment, we will make particl marketplace to be a decentralized marketplace free from paperwork etc.
imyb michaelthecryptoguy: we are in discussions with partners who should be able to provide us with the facility to entertain these types of transactions
sacode The fact that you guys met in Hong Kong in the past, has something to do with the possibility of establishing contacts in the Chinese market? (edited)
umbrah sacode: yes :slightly_smiling_face:
litebit sacode: Establishing a prescence in China is a major reason for this Particl pivot
mr_robot Private sub markets... What would prevent that developing into unfavorable things that would bypass the community governance voting?
dasource mr_robot: Private markets are precisely that, no governance.
throwplastic But there is a way of voting certain products out by stakers from what I've gathered?
litebit Private markets are just that private, who is in there, what is happening, what is selling is all private. the network is unable to tell what is going on. similar to how signal or whatsapp encrypts on client side
commodore64 @litebit @dasource what if someone gains access to a private market and it's determined that there are undesirable products being sold in there and they take some screenshots and post it up online like in reddit or bitcoin talk or something? Is there a governance model overseeing the private markets at all?
dasource There will be no governance on private markets .. it is impossible todo.
commodore64 @dasource @rynmos
commodore64 @dasource @rynomster rynomster indicated in the main thread here that 'the network will only be supported while it is being run cleanly'. is this concern not relevant within private markets?
litebit the only way to "gain access" is for 1 or both parties to "give access" by posting these images themselves. otherwise everything is encrypted with industry standard cryptography
commodore64 like why is it relevant within the main marketplace but not within private markets? particularly if it becomes publicly known through screenshots on public channels? Like I get into a private market and take some screenshots and put them on reddit, is that not concern about the market being run cleanly?
dasource this has already been answered in another question ... you cannot govern something you cannot access .. the whole point of a private market place is that it is private by the creator and shared with those he wishes to only.. I am not sure what is the misunderstanding here? (edited)
mr_robot I think the concern is that any private market would bypass the community governance and therefor allow any kinds of black market items that could be used to hurt particl's reputation for larger more legitimate things. Ie larger sellers on Amazon wouldn't want to have anything to do with a marketplace that had screenshots of nefarious things being sold... (edited)
dasource I see your point and understand it however let me give you another example ... If you and I use Signal and we decide to trade Cuban Cigars ... you post that on the internet. Should Signal be held liable because they provided a secure means for you to communicate and trade? Particls Private Markets are no different, we are providing a means for people to trade in 100% privacy (anything from cigars to private paintings etc) .. in that environment you cannot govern because it is encrypted for everyone else. Is it possible people may use this for nefarious items? Yes... but it is also possible for that to happen on Signal or any other good encrypted chat platform. Should we stop developing for the good because a few bad actors might use it?
2cuse What about the case where people just don't vote?
umbrah 2cuse: if people do not want to vote, we cannot force them to. this however, remains a feature in the particl
b.b.2k17 this is why i would love to see dPoS
2cuse Seems like you'd have to spend allot of time voting to stop bad stuff that may pop up
throwplastic Is there a legal risk of staking if illegal products are traded on the platform?
umbrah throwplastic: the reason why we are taking a lot of time with foundation is because we want to make sure there are no loopholes in terms of legality. i'm confident that we have this covered
throwplastic Good to know, thanks!
rynomster @2cuse, the required threshold will be set quite low at first, as failed governance will be very fatal for Particl. The network will only be supported while it is being run cleanly
2cuse Hmmm ok that sounds ominous
michaelthecryptoguy Is their a current partner that can re-distribute particl or another coin, back into my choice of monetary unit? (usd, eur, rupee, peso, etc) (edited)
imyb michaelthecryptoguy: yes
mr_robot Can you explain how the governance will work and what will prevent people from gaming the system with multiple accounts?
umbrah mr_robot: the governance will be based on a staking vote (not yet final) we will ensure that there are no duplications
litebit mr_robot: for the market we're still researching and developing models of governance. a seller will need to pay a fee to list which can become expensive if gaming a system. voting will be an incentive for the network so it would become expensive to gain a majority % to manipulate voting
2cuse I could see spammers testing the governance then worth illicit goods
litebit 2cuse: of course. there is no centralized control so the network affect will be in effect :slightly_smiling_face:
macdac Will the people who were gracious enough to donate 25% or more from their bonus receive any incentive outside of just having username be mentioned?
dasource macdac: How does early access to Market sound? Open to ideas
macdac That sounds good
macdac I donated a good amount of coins
umbrah we are actively thinking of ways to reward donators. if you can think of a reasonable reward let us know :slightly_smiling_face:
dasource Thank you .. I am sure the 100s of people who genuinely missed out on the conversion will be grateful
macdac Youre welcome, ive been supporting this project since day one
macdac Early access would be nice ill think of something else and let you know
macdac Hope you guys look at the number of coins donated too when considering because I know that many people had multiple accounts and could have chosen to donate from only 1 but not the rest, I only have one Particl.io accoutn
michaelthecryptoguy Would you be willing to introduce that partner to the :ark: team? (edited)
umbrah michaelthecryptoguy: i don't see any reason not to :slightly_smiling_face:
michaelthecryptoguy :partywizard::slightly_smiling_face::sun: (edited)
michaelthecryptoguy @mike This might be something you would be interested in pursuing.
mike thanks for bringing up.
mr_robot I understand that details of particl being on what exchanges at what time is not currently possible due to the unforseen events of the delays of the terms of service. But is there still open communication with the exchanges and are they responding positively to the idea of listing particl when it's released?
umbrah mr_robot: a lot of exchanges are responding positively. we are actually expecting to be listed a few days after mainnet release, but could not confirm any of exchanges of course
commodore64 litebit, commodore64, and mr_robot @litebit @dasource what if someone gains access to a private market and it's determined that there are undesirable products being sold in there and they take some screenshots and post it up online like in reddit or bitcoin talk or something? Is there a governance model overseeing the private markets at all?
trixter- Particl Team: How much % of wallets are created and how much has been donated to this day?
dasource trixter-: 83% are ready for genesis with 125k Donated
trixter- 125k does that include the teams donation of 40k or without?
dasource that is without .. and the team will match upto 40k based on 5:1 formula ... so 125+25k=150k ... well short of the 250k we are aiming for
trixter- nice Im rooting for the project to achieve this goal. This is a uniqum in crypto that people give away money to help out other people. I hope you guys will provide an address for people to donate their staking rewards to so we can achieve this goal
sdcpod Yea staking to address function would be nice but @dasource said wont be possible im near future due another feature in the pipeline ?
umbrah we will do what we can to stake, but the priority will stil be focused on producing a marketplace
dasource I said "it was unlikely" ... however we wont know until we get down to the nitty gritty on it ... best way to donate to the cause is the increase your donation % before the genesis block
trixter- im alreaddy on 100%
sacode About marketing? Are you doing it all by yourselves or are you going to work with a specialized company?
umbrah sacode: we have a few partners in terms of Pmarketing
umbrah you might have seen taizen and leon fu videos, we have hired PR firms as well
sacode Yep i saw leon fu videos
umbrah :+1::slightly_smiling_face:
litebit we have been ramping up and beginning contracts with professionals beginning in June. in prep for mainnet and PART tokens being live in the wild
sacode So I presume we will start seeing some marketing very soon
sacode :slightly_smiling_face:
sacode This PR firms have any kind experience in crypto world?
submitted by Jarunik to ArkEcosystem [link] [comments]

Silk Network: The Transparent Underground

Zero Hype
It is likely that you have not heard of the underground team/project Silk Network, nor their ICO for DarkSilk(DSLK) which is due for release on the 5th of November. This is fully understandable as the team doesn’t consist of marketers or promoters, but simply visionaries and visionary developers. The value of Silk Network is apparent once the team, their vision and the work achieved thus far are brought to light.
The Silk Network team consists of 8 protagonists (https://silknetwork.org/), all of whom are involved with crypto-currency for not just the social change it will bring, but to proactively improve the securing of the user via trust-less systems, hardened algorithms, encryption, quantum cryptography, blockchain development and decentralisation.
Silk Network Team:
• Spencer Lievens (CTO) • Mark Sanders (Business Strategist/Spokesman) • Matthew Langdon (Web Admin/Developer) • Amir Abrams (Developer) • Gregory Betz (Developer) • Ahmad Kazi (Developer) • Romeo Demurashvili (Social Media/Marketing) • Jan Fox (Graphic Designe3D Modelling)
Fundamental Problem
The fault in present day crypto-currencies they say, ‘is in the way that every crypto-asset comes into being’. ‘Without addressing fundamental shortcomings, price stability is near impossible to achieve, and stability is essential for consumer markets and day-to-day purchases’.
Investors are naturally cautious, in a high risk environment who dares to make an investment? Compared to company shares, crypto-currencies are like unfilled shares: there is no currency backing. Only when a great level of market maturation has taken place can problems of dried-up markets and high price impact be overcome. All coins, yes even Bitcoin, suffer from the same fundamental problem resulting in illiquidity and high price fluctuations. Silk Network introduces a new way for crypto valuation, by changing the acquisition process it claims to have created a dynamic backing mechanism, ensuring price stability and liquidity.
Tripartite Stability
Over the course of the last two years Silk Network has sought out and adapted the best technical innovations from modern crypto-currencies into a coherent ecosystem, thus ensuring security, anonymity and long-term viability.
DarkSilk, their flagship product, is best described as a privacy-centric crypto-currency. DarkSilk is the first crypto-currency to be consistently backed by a crypto-asset i.e. Silk; a new codebase/blockchain which offers a swap from the old Silkcoin to Silk. Using the platform Weaver, Silk Network is able to place smart bids based on DarkSilk orders between Silk, DarkSilk & Bitcoin. Silk’s main function within the price stability mechanism will be to regulate demand fluctuations of DarkSilk and keep its price stable and supply abundant, all of which make up the tripartite, which is Silk Network. More on the stability mechanism can be read in their online brochure(https://silknetwork.org/files/brochure.pdf).
Roots
Silk Network is a continuation of the Silkcoin project which started in 2014. Due to the original Silkcoin having issues with its codebase, it was decided by the development team to create and swap to a new Silkcoin, simply called Silk. Previous investors of Silkcoin have the ability to exchange their old Silkcoin to Silk in Weaver at a 1:1 ratio, DarkSilk will be available in exchange of Silk or Bitcoin at market price. Silk is now traded on the American crypto-currency exchange Bittrex.
Direction and Growth
Initially revenue will be made by offering services through Weaver and through the stabilisation mechanism. Even though the majority of Weaver is a free service at this very second, once the rest of the features come online, there will be also a paid account options. The profitability of their stabilisation method is explained in the online brochure.
They are also launching a development portal named Kowari which will provide a central hub for developers to converse, share ideas, download tools and create new applications utilising both the Silk and DarkSilk blockchains.
Silk Network are also looking to begin talks with an American based private healthcare company about the Silk(SLK) blockchain being used to enable patient identity and record locations services, which is a high value industry and would bring a large amount of value in both price and exposure.
Talk Code
Codebase, they are very similar, but differ in terms of features. They are both based upon 0.11/0.12 Bitcoin, however, Silk has Proof-of-Stake that pays 2SLK per stake reward and there is no Proof-of-Work period, whereas, DarkSilk has no Proof-of-Stake but an unlimited Proof-of-Work period with no block halving and a static reward of 1DSLK per block.
In terms of features, Silk contains a decentralised DNS, MultiSig UI and a Watch-Only Address UI for the Qt wallet. Even though it has ToR connectivity, it isn’t aimed as strongly towards anonymity as DarkSilk is, however, we are looking at adding Stealth addresses and our own ring signatures from DarkSilk to Silk.
DarkSilk contains the same features as Silk in terms of the decentralised DNS, MultiSig UI and Watch-Only UI but also has the anonymity features of Sandstorm, Stealth addresses, ToR connectivity and ToR control. Currently we do not have ring signatures within DarkSilk, but this is solely because we want to create our own for both Silk and DarkSilk.
This is simply on a codebase/feature level, the key difference between the two coins is how they operate off of each other via the stabilisation mechanism in Weaver, DarkSilk being the currency and Silk the asset/collateral.
ICO
The ICO for DarkSilk(DSLK) has now entered week 2 and the second tier of bonuses (10%). Unlike many ICOs this team has brought everything to the table, including their expenditure to date prior to even releasing a single piece of software. Also, at the end of the ICO(23rd October @ Midnight GMT) the software is released less than two weeks later and payouts to investors take place. To find out more about the DarkSilk(DSLK) ICO and invest before time runs out, head over to https://silknetwork.org/darksilk/ico
Knowledge Is Power
To find out more about Silk, DarkSilk, Weaver and the Silk Network please follow the links below:
DarkSilk ICO Website - https://silknetwork.org/darksilk/ico Silk Network Website – https://silknetwork.org Weaver – https://silknetwork.org/login Silk Network Brochure – https://silknetwork.org/files/brochure.pdf Silk Network Whitepaper – https://silknetwork.org/files/whitepaper.pdf Bitcointalk Thread - https://bitcointalk.org/index.php?topic=1601099.0
Silk Network Press Release – October 2nd 2016
submitted by SilkNetwork to CryptoCurrency [link] [comments]

Silk Network: The Transparent Underground

Zero Hype
It is likely that you have not heard of the underground team/project Silk Network, nor their ICO for DarkSilk(DSLK) which is due for release on the 5th of November. This is fully understandable as the team doesn’t consist of marketers or promoters, but simply visionaries and visionary developers. The value of Silk Network is apparent once the team, their vision and the work achieved thus far are brought to light.
The Silk Network team consists of 8 protagonists (https://silknetwork.org/), all of whom are involved with crypto-currency for not just the social change it will bring, but to proactively improve the securing of the user via trust-less systems, hardened algorithms, encryption, quantum cryptography, blockchain development and decentralisation.
Silk Network Team:
• Spencer Lievens (CTO) • Mark Sanders (Business Strategist/Spokesman) • Matthew Langdon (Web Admin/Developer) • Amir Abrams (Developer) • Gregory Betz (Developer) • Ahmad Kazi (Developer) • Romeo Demurashvili (Social Media/Marketing) • Jan Fox (Graphic Designe3D Modelling)
Fundamental Problem
The fault in present day crypto-currencies they say, ‘is in the way that every crypto-asset comes into being’. ‘Without addressing fundamental shortcomings, price stability is near impossible to achieve, and stability is essential for consumer markets and day-to-day purchases’.
Investors are naturally cautious, in a high risk environment who dares to make an investment? Compared to company shares, crypto-currencies are like unfilled shares: there is no currency backing. Only when a great level of market maturation has taken place can problems of dried-up markets and high price impact be overcome. All coins, yes even Bitcoin, suffer from the same fundamental problem resulting in illiquidity and high price fluctuations. Silk Network introduces a new way for crypto valuation, by changing the acquisition process it claims to have created a dynamic backing mechanism, ensuring price stability and liquidity.
Tripartite Stability
Over the course of the last two years Silk Network has sought out and adapted the best technical innovations from modern crypto-currencies into a coherent ecosystem, thus ensuring security, anonymity and long-term viability.
DarkSilk, their flagship product, is best described as a privacy-centric crypto-currency. DarkSilk is the first crypto-currency to be consistently backed by a crypto-asset i.e. Silk; a new codebase/blockchain which offers a swap from the old Silkcoin to Silk. Using the platform Weaver, Silk Network is able to place smart bids based on DarkSilk orders between Silk, DarkSilk & Bitcoin. Silk’s main function within the price stability mechanism will be to regulate demand fluctuations of DarkSilk and keep its price stable and supply abundant, all of which make up the tripartite, which is Silk Network. More on the stability mechanism can be read in their online brochure(https://silknetwork.org/files/brochure.pdf).
Roots
Silk Network is a continuation of the Silkcoin project which started in 2014. Due to the original Silkcoin having issues with its codebase, it was decided by the development team to create and swap to a new Silkcoin, simply called Silk. Previous investors of Silkcoin have the ability to exchange their old Silkcoin to Silk in Weaver at a 1:1 ratio, DarkSilk will be available in exchange of Silk or Bitcoin at market price. Silk is now traded on the American crypto-currency exchange Bittrex.
Direction and Growth
Initially revenue will be made by offering services through Weaver and through the stabilisation mechanism. Even though the majority of Weaver is a free service at this very second, once the rest of the features come online, there will be also a paid account options. The profitability of their stabilisation method is explained in the online brochure.
They are also launching a development portal named Kowari which will provide a central hub for developers to converse, share ideas, download tools and create new applications utilising both the Silk and DarkSilk blockchains.
Silk Network are also looking to begin talks with an American based private healthcare company about the Silk(SLK) blockchain being used to enable patient identity and record locations services, which is a high value industry and would bring a large amount of value in both price and exposure.
Talk Code
Codebase, they are very similar, but differ in terms of features. They are both based upon 0.11/0.12 Bitcoin, however, Silk has Proof-of-Stake that pays 2SLK per stake reward and there is no Proof-of-Work period, whereas, DarkSilk has no Proof-of-Stake but an unlimited Proof-of-Work period with no block halving and a static reward of 1DSLK per block.
In terms of features, Silk contains a decentralised DNS, MultiSig UI and a Watch-Only Address UI for the Qt wallet. Even though it has ToR connectivity, it isn’t aimed as strongly towards anonymity as DarkSilk is, however, we are looking at adding Stealth addresses and our own ring signatures from DarkSilk to Silk.
DarkSilk contains the same features as Silk in terms of the decentralised DNS, MultiSig UI and Watch-Only UI but also has the anonymity features of Sandstorm, Stealth addresses, ToR connectivity and ToR control. Currently we do not have ring signatures within DarkSilk, but this is solely because we want to create our own for both Silk and DarkSilk.
This is simply on a codebase/feature level, the key difference between the two coins is how they operate off of each other via the stabilisation mechanism in Weaver, DarkSilk being the currency and Silk the asset/collateral.
ICO
The ICO for DarkSilk(DSLK) has now entered week 2 and the second tier of bonuses (10%). Unlike many ICOs this team has brought everything to the table, including their expenditure to date prior to even releasing a single piece of software. Also, at the end of the ICO(23rd October @ Midnight GMT) the software is released less than two weeks later and payouts to investors take place. To find out more about the DarkSilk(DSLK) ICO and invest before time runs out, head over to https://silknetwork.org/darksilk/ico
Knowledge Is Power
To find out more about Silk, DarkSilk, Weaver and the Silk Network please follow the links below:
DarkSilk ICO Website - https://silknetwork.org/darksilk/ico Silk Network Website – https://silknetwork.org Weaver – https://silknetwork.org/login Silk Network Brochure – https://silknetwork.org/files/brochure.pdf Silk Network Whitepaper – https://silknetwork.org/files/whitepaper.pdf Bitcointalk Thread - https://bitcointalk.org/index.php?topic=1601099.0
Silk Network Press Release – October 2nd 2016
submitted by SilkNetwork to Bitcoin [link] [comments]

Silk Network: The Transparent Underground

Zero Hype
It is likely that you have not heard of the underground team/project Silk Network, nor their ICO for DarkSilk(DSLK) which is due for release on the 5th of November. This is fully understandable as the team doesn’t consist of marketers or promoters, but simply visionaries and visionary developers. The value of Silk Network is apparent once the team, their vision and the work achieved thus far are brought to light.
The Silk Network team consists of 8 protagonists (https://silknetwork.org/), all of whom are involved with crypto-currency for not just the social change it will bring, but to proactively improve the securing of the user via trust-less systems, hardened algorithms, encryption, quantum cryptography, blockchain development and decentralisation.
Silk Network Team:
• Spencer Lievens (CTO) • Mark Sanders (Business Strategist/Spokesman) • Matthew Langdon (Web Admin/Developer) • Amir Abrams (Developer) • Gregory Betz (Developer) • Ahmad Kazi (Developer) • Romeo Demurashvili (Social Media/Marketing) • Jan Fox (Graphic Designe3D Modelling)
Fundamental Problem
The fault in present day crypto-currencies they say, ‘is in the way that every crypto-asset comes into being’. ‘Without addressing fundamental shortcomings, price stability is near impossible to achieve, and stability is essential for consumer markets and day-to-day purchases’.
Investors are naturally cautious, in a high risk environment who dares to make an investment? Compared to company shares, crypto-currencies are like unfilled shares: there is no currency backing. Only when a great level of market maturation has taken place can problems of dried-up markets and high price impact be overcome. All coins, yes even Bitcoin, suffer from the same fundamental problem resulting in illiquidity and high price fluctuations. Silk Network introduces a new way for crypto valuation, by changing the acquisition process it claims to have created a dynamic backing mechanism, ensuring price stability and liquidity.
Tripartite Stability
Over the course of the last two years Silk Network has sought out and adapted the best technical innovations from modern crypto-currencies into a coherent ecosystem, thus ensuring security, anonymity and long-term viability.
DarkSilk, their flagship product, is best described as a privacy-centric crypto-currency. DarkSilk is the first crypto-currency to be consistently backed by a crypto-asset i.e. Silk; a new codebase/blockchain which offers a swap from the old Silkcoin to Silk. Using the platform Weaver, Silk Network is able to place smart bids based on DarkSilk orders between Silk, DarkSilk & Bitcoin. Silk’s main function within the price stability mechanism will be to regulate demand fluctuations of DarkSilk and keep its price stable and supply abundant, all of which make up the tripartite, which is Silk Network. More on the stability mechanism can be read in their online brochure(https://silknetwork.org/files/brochure.pdf).
Roots
Silk Network is a continuation of the Silkcoin project which started in 2014. Due to the original Silkcoin having issues with its codebase, it was decided by the development team to create and swap to a new Silkcoin, simply called Silk. Previous investors of Silkcoin have the ability to exchange their old Silkcoin to Silk in Weaver at a 1:1 ratio, DarkSilk will be available in exchange of Silk or Bitcoin at market price. Silk is now traded on the American crypto-currency exchange Bittrex.
Direction and Growth
Initially revenue will be made by offering services through Weaver and through the stabilisation mechanism. Even though the majority of Weaver is a free service at this very second, once the rest of the features come online, there will be also a paid account options. The profitability of their stabilisation method is explained in the online brochure.
They are also launching a development portal named Kowari which will provide a central hub for developers to converse, share ideas, download tools and create new applications utilising both the Silk and DarkSilk blockchains.
Silk Network are also looking to begin talks with an American based private healthcare company about the Silk(SLK) blockchain being used to enable patient identity and record locations services, which is a high value industry and would bring a large amount of value in both price and exposure.
Talk Code
Codebase, they are very similar, but differ in terms of features. They are both based upon 0.11/0.12 Bitcoin, however, Silk has Proof-of-Stake that pays 2SLK per stake reward and there is no Proof-of-Work period, whereas, DarkSilk has no Proof-of-Stake but an unlimited Proof-of-Work period with no block halving and a static reward of 1DSLK per block.
In terms of features, Silk contains a decentralised DNS, MultiSig UI and a Watch-Only Address UI for the Qt wallet. Even though it has ToR connectivity, it isn’t aimed as strongly towards anonymity as DarkSilk is, however, we are looking at adding Stealth addresses and our own ring signatures from DarkSilk to Silk.
DarkSilk contains the same features as Silk in terms of the decentralised DNS, MultiSig UI and Watch-Only UI but also has the anonymity features of Sandstorm, Stealth addresses, ToR connectivity and ToR control. Currently we do not have ring signatures within DarkSilk, but this is solely because we want to create our own for both Silk and DarkSilk.
This is simply on a codebase/feature level, the key difference between the two coins is how they operate off of each other via the stabilisation mechanism in Weaver, DarkSilk being the currency and Silk the asset/collateral.
ICO
The ICO for DarkSilk(DSLK) has now entered week 2 and the second tier of bonuses (10%). Unlike many ICOs this team has brought everything to the table, including their expenditure to date prior to even releasing a single piece of software. Also, at the end of the ICO(23rd October @ Midnight GMT) the software is released less than two weeks later and payouts to investors take place. To find out more about the DarkSilk(DSLK) ICO and invest before time runs out, head over to https://silknetwork.org/darksilk/ico
Knowledge Is Power
To find out more about Silk, DarkSilk, Weaver and the Silk Network please follow the links below:
DarkSilk ICO Website - https://silknetwork.org/darksilk/ico Silk Network Website – https://silknetwork.org Weaver – https://silknetwork.org/login Silk Network Brochure – https://silknetwork.org/files/brochure.pdf Silk Network Whitepaper – https://silknetwork.org/files/whitepaper.pdf Bitcointalk Thread - https://bitcointalk.org/index.php?topic=1601099.0
Silk Network Press Release – October 2nd 2016
submitted by SilkNetwork to altcoin [link] [comments]

Bitcoin Core 0.14.2 released | Wladimir J. van der Laan | Jun 17 2017

Wladimir J. van der Laan on Jun 17 2017:
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512
Bitcoin Core version 0.14.2 is now available from:
https://bitcoin.org/bin/bitcoin-core-0.14.2/
Or by torrent:
magnet:?xt=urn:btih:b4fc7820df95b8b39603ad246c241272ec403619&dn;=bitcoin-core-0.14.2&tr;=udp%3A%2F%2Ftracker.openbittorrent.com%3A80%2Fannounce&tr;=udp%3A%2F%2Ftracker.publicbt.com%3A80%2Fannounce&tr;=udp%3A%2F%2Ftracker.ccc.de%3A80%2Fannounce&tr;=udp%3A%2F%2Ftracker.coppersurfer.tk%3A6969&tr;=udp%3A%2F%2Ftracker.leechers-paradise.org%3A6969&tr;=udp%3A%2F%2Ftracker.openbittorrent.com%3A80%2Fannounce
This is a new minor version release, including various bugfixes and
performance improvements, as well as updated translations.
Please report bugs using the issue tracker at github:
https://github.com/bitcoin/bitcoin/issues
To receive security and update notifications, please subscribe to:
https://bitcoincore.org/en/list/announcements/join/
Compatibility

Bitcoin Core is extensively tested on multiple operating systems using
the Linux kernel, macOS 10.8+, and Windows Vista and later.
Microsoft ended support for Windows XP on April 8th, 2014,
No attempt is made to prevent installing or running the software on Windows XP, you
can still do so at your own risk but be aware that there are known instabilities and issues.
Please do not report issues about Windows XP to the issue tracker.
Bitcoin Core should also work on most other Unix-like systems but is not
frequently tested on them.
Notable changes

miniupnp CVE-2017-8798
Bundled miniupnpc was updated to 2.0.20170509. This fixes an integer signedness error
(present in MiniUPnPc v1.4.20101221 through v2.0) that allows remote attackers
(within the LAN) to cause a denial of service or possibly have unspecified
other impact.
This only affects users that have explicitly enabled UPnP through the GUI
setting or through the -upnp option, as since the last UPnP vulnerability
(in Bitcoin Core 0.10.3) it has been disabled by default.
If you use this option, it is recommended to upgrade to this version as soon as
possible.
Known Bugs

Since 0.14.0 the approximate transaction fee shown in Bitcoin-Qt when using coin
control and smart fee estimation does not reflect any change in target from the
smart fee slider. It will only present an approximate fee calculated using the
default target. The fee calculated using the correct target is still applied to
the transaction and shown in the final send confirmation dialog.
0.14.2 Change log

Detailed release notes follow. This overview includes changes that affect
behavior, not code moves, refactors and string updates. For convenience in locating
the code changes and accompanying discussion, both the pull request and
git merge commit are mentioned.

RPC and other APIs

P2P protocol and network code

Build system

Miscellaneous

GUI

Wallet

Credits

Thanks to everyone who directly contributed to this release:
As well as everyone that helped translating on Transifex.
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original: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-June/014597.html
submitted by dev_list_bot to bitcoin_devlist [link] [comments]

Silk Network: The Transparent Underground

Zero Hype
It is likely that you have not heard of the underground team/project Silk Network, nor their ICO for DarkSilk(DSLK) which is due for release on the 5th of November. This is fully understandable as the team doesn’t consist of marketers or promoters, but simply visionaries and visionary developers. The value of Silk Network is apparent once the team, their vision and the work achieved thus far are brought to light.
The Silk Network team consists of 8 protagonists (view team), all of whom are involved with crypto-currency for not just the social change it will bring, but to proactively improve the securing of the user via trust-less systems, hardened algorithms, encryption, quantum cryptography, blockchain development and decentralisation.
Silk Network Team:
• Spencer Lievens (CTO) • Mark Sanders (Business Strategist/Spokesman) • Matthew Langdon (Web Admin/Developer) • Amir Abrams (Developer) • Gregory Betz (Developer) • Ahmad Kazi (Developer) • Romeo Demurashvili (Social Media/Marketing) • Jan Fox (Graphic Designe3D Modelling)
Fundamental Problem
The fault in present day crypto-currencies they say, ‘is in the way that every crypto-asset comes into being’. ‘Without addressing fundamental shortcomings, price stability is near impossible to achieve, and stability is essential for consumer markets and day-to-day purchases’.
Investors are naturally cautious, in a high risk environment who dares to make an investment? Compared to company shares, crypto-currencies are like unfilled shares: there is no currency backing. Only when a great level of market maturation has taken place can problems of dried-up markets and high price impact be overcome. All coins, yes even Bitcoin, suffer from the same fundamental problem resulting in illiquidity and high price fluctuations. Silk Network introduces a new way for crypto valuation, by changing the acquisition process it claims to have created a dynamic backing mechanism, ensuring price stability and liquidity. Tripartite Stability
Over the course of the last two years Silk Network has sought out and adapted the best technical innovations from modern crypto-currencies into a coherent ecosystem, thus ensuring security, anonymity and long-term viability.
DarkSilk, their flagship product, is best described as a privacy-centric crypto-currency. DarkSilk is the first crypto-currency to be consistently backed by a crypto-asset i.e. Silk; a new codebase/blockchain which offers a swap from the old Silkcoin to Silk. Using the platform Weaver, Silk Network is able to place smart bids based on DarkSilk orders between Silk, DarkSilk & Bitcoin. Silk’s main function within the price stability mechanism will be to regulate demand fluctuations of DarkSilk and keep its price stable and supply abundant, all of which make up the tripartite, which is Silk Network. More on the stability mechanism can be read in their online brochure. Roots
Silk Network is a continuation of the Silkcoin project which started in 2014. Due to the original Silkcoin having issues with its codebase, it was decided by the development team to create and swap to a new Silkcoin, simply called Silk. Previous investors of Silkcoin have the ability to exchange their old Silkcoin to Silk in Weaver at a 1:1 ratio, DarkSilk will be available in exchange of Silk or Bitcoin at market price. Silk is now traded on the American crypto-currency exchange Bittrex.
Direction and Growth
Initially revenue will be made by offering services through Weaver and through the stabilisation mechanism. Even though the majority of Weaver is a free service at this very second, once the rest of the features come online, there will be also a paid account options. The profitability of their stabilisation method is explained in the online brochure.
They are also launching a development portal named Kowari which will provide a central hub for developers to converse, share ideas, download tools and create new applications utilising both the Silk and DarkSilk blockchains.
Silk Network are also looking to begin talks with an American based private healthcare company about the Silk(SLK) blockchain being used to enable patient identity and record locations services, which is a high value industry and would bring a large amount of value in both price and exposure.
Talk Code
Codebase, they are very similar, but differ in terms of features. They are both based upon 0.11/0.12 Bitcoin, however, Silk has Proof-of-Stake that pays 2SLK per stake reward and there is no Proof-of-Work period, whereas, DarkSilk has no Proof-of-Stake but an unlimited Proof-of-Work period with no block halving and a static reward of 1DSLK per block.
In terms of features, Silk contains a decentralised DNS, MultiSig UI and a Watch-Only Address UI for the Qt wallet. Even though it has ToR connectivity, it isn’t aimed as strongly towards anonymity as DarkSilk is, however, we are looking at adding Stealth addresses and our own ring signatures from DarkSilk to Silk.
DarkSilk contains the same features as Silk in terms of the decentralised DNS, MultiSig UI and Watch-Only UI but also has the anonymity features of Sandstorm, Stealth addresses, ToR connectivity and ToR control. Currently we do not have ring signatures within DarkSilk, but this is solely because we want to create our own for both Silk and DarkSIlk.
This is simply on a codebase/feature level, the key difference between the two coins is how they operate off of each other via the stabilisation mechanism in Weaver, DarkSilk being the currency and Silk the asset/collateral.
ICO
The ICO for DarkSilk(DSLK) has now entered week 2 and the second tier of bonuses (10%). Unlike many ICOs this team has brought everything to the table, including their expenditure to date prior to even releasing a single piece of software. Also, at the end of the ICO(23rd October @ Midnight GMT) the software is released less than two weeks later and payouts to investors take place. To find out more about the DarkSilk(DSLK) ICO and invest before time runs out, head over to https://silknetwork.org/darksilk/ico
Knowledge Is Power
To find out more about Silk, DarkSilk, Weaver and the Silk Network please follow the links below:
DarkSilk ICO Website - https://silknetwork.org/darksilk/ico Silk Network Website – https://silknetwork.org Weaver – https://silknetwork.org/login Silk Network Brochure – https://silknetwork.org/files/brochure.pdf Silk Network Whitepaper – https://silknetwork.org/files/whitepaper.pdf Bitcointalk Thread - https://bitcointalk.org/index.php?topic=1601099.0
Silk Network Press Release – October 2nd 2016
submitted by SilkNetwork to btc [link] [comments]

The next big thing - THE NEW INTERNET

FreeSpeechMe-SPECIFIC IMPROVEMENTS WE PLAN TO DO:
Hide nmcontrol/namecoind windows on Windows
GNU/Linux users don't see the terminal windows for backend software; Windows users shouldn't be bothered by them either.
Don't try to visit .bit websites when blockchain isn't downloaded
Right now, visiting a .bit website with an incomplete blockchain will use an older version of that name's data. Usually this results in a failure to load the page with no good explanation of what's wrong, but in certain rare cases it could also hypothetically result in security issues such as hijacking. A better version of FreeSpeechMe should refuse to use incomplete blockchains.
Facilitate non-Firefox usage
FreeSpeechMe uses a networking method, HTTP, which is specific to website traffic. Replacing it with a different method, SOCKS, would make it much more flexible, so you could use Dot-Bit for non-website Internet applications such as SSH. It should also be possible to route other web browsers such as Chromium through FreeSpeechMe. FreeSpeechMe should support being installed as a standalone application for users who don't use Firefox (although obviously Firefox will remain the main method of installation).
Improvements for anonymous browsing
Right now FreeSpeechMe supports routing its traffic through anonymization proxies such as Tor and I2P (if they are installed), but it is not compatible with TorBrowser, so while attackers generally can't see your location or IP address, they can deduce that different activities you do online may have come from the same person. FreeSpeechMe should be improved to function in TorBrowser, which would prevent linkage of different online activities.
Improvements for anonymous hosting
FreeSpeechMe supports Tor and I2P hidden services (if the user has Tor or I2P installed), but does not support Freenet, OnionCat, GarliCat, or other anonymous hosting networks. This should be improved.
Support for next-gen TLS specification
FreeSpeechMe is using a method of specifying certificates to prevent hijacking which is deprecated in the Dot-Bit specification. While this method remains very secure, the newer specification has more features, and FreeSpeechMe should implement it.
HTTPS enforcement
Websites which claim to support HTTPS in their domain record should automatically be loaded in HTTPS, even if the user accidentally forgets the "s", to prevent hijacking in such cases. (Note for geeks: this is like the HSTS specification, but works even for sites you haven't visited before.)
Intelligent Redirecting
Websites that want to support Dot-Bit should be able to do so without changing their server configuration, and instead have FreeSpeechMe make the server think the preexisting domain is being requested. The user would still see the Dot-Bit URL in Firefox, and unlike iframe-based methods, the URL displayed in Firefox would change accordingly as the user clicks links..
Fix HTTP protocol bugs
Unencrypted HTTP Dot-Bit websites occasionally have odd behavior in FreeSpeechMe (sometimes manifesting as links not working properly); this is most frequently seen in WordPress websites. While we strongly encourage the use of HTTPS (which isn't subject to these bugs), we still want to fix the bugs with HTTP websites.
Round-Robin Load Balancing
Some large websites use multiple server IP addresses for a single domain. FreeSpeechMe should be able to randomly choose one.
OTHER NAMECOIN SOFTWARE IMPROVEMENTS
Some of this is possibly out of the scope of this one Indiegogo campaign, depending on funds raised. But these are things we're very interested in helping implement:
Rebase on the latest Bitcoin code
Namecoin is based on an outdated version of Bitcoin (0.3.x). We should rebase on a current release. We inquired with a well-qualified and well-respected contractor (who developed Namecoin-Qt) about how much this rebase would cost; the estimate was around $17,000-$35,000 US. Spending that much on one project would be out of the realm of this first campaign. However, it may be possible to reduce this cost significantly by rebasing on a codebase other than Bitcoin, such as libcoin.
Improve scalability
Namecoin currently requires having the entire blockchain for good security. While the 1.6GB blockchain isn't a large concern right now, future scalability requires that clients be able to securely resolve names without possessing the blockchain. There is a proposal for this called SPV+UTXO.
Automatic renewal of names
Losing your names because you forgot to renew them is a problem.
Names should be able to be renewed automatically. Preferably without decrypting the wallet each time the name is renewed, and maybe without even needing your client to be open when it renews. Any solution must be trust-free.
Cold storage of Namecoin name keys
To update a Namecoin name, the keys must be decrypted on a computer with Internet access; this could be a security risk if malware is installed on that computer. To fix this, cold storage should be used, as is possible with Bitcoin.
This is in two parts: (1) port the Armory client to Namecoin (this allows transactions to be signed offline), and (2) allow a cold-storage name to be used as a revocation key for a hot-wallet name (this is called the "import" field).
Optimize Speed
Dot-Bit is already much faster than other top-level domains for both name lookup and name propagation. However, it can be made even faster.
We estimate that pre-cached name lookup time can be decreased by 2- to 5-fold in some cases, uncached name lookup time can be decreased significantly, name update propagation can be reduced from 40 minutes to under 1 minute, and blockchain sync time can be reduced significantly.
Android support
Namecoin software currently does not support Android; this situation should be improved.
Better blockchain anonymity
Like Bitcoin, Namecoin can keep the location and IP address of name owners anonymous (if used with Tor), but the various activities of name owners can be linked by an attacker. This should be improved, e.g. by implementing Zerocoin.
Better blockchain privacy
Some name owners may wish their records to not be publicly accessible; encryption would improve this situation.
Decentralized website single sign-on
Namecoin can be used to log into websites in a secure way without needing a password (protecting people from database leaks or cracked passwords without trusting a third party such as "all your data are belong to us" systems like Facebook); this is implemented as the NameID library by domob. Unfortunately, this library is not easy for non-programmers to integrate with existing websites. Plugins should be created for major website backends such as Drupal, phpBB, WordPress, and SMF, to allow trust-free NameID sign-on to be as easy as checking a box.
Automated builds
Namecoin software should support automated builds and testing so that our developers and testers can work more efficiently. The builds should also be deterministic (as Bitcoin and Tor are doing) to improve security.
Offline signing of static websites
Verifying signatures of static websites against the blockchain would prevent hijacking even if a web server is completely compromised.
SSH client integration
Log into your servers remotely without trusting your network or manually verifying fingerprints, using the same anti-hijacking features that FreeSpeechMe first implemented.
submitted by kitthecar to Bitcoin [link] [comments]

Bitcoin Core 0.13.2 released | Wladimir J. van der Laan | Jan 03 2017

Wladimir J. van der Laan on Jan 03 2017:
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512
Bitcoin Core version 0.13.2 is now available from:
https://bitcoin.org/bin/bitcoin-core-0.13.2/
Or by bittorrent:
magnet:?xt=urn:btih:746697d03db3ff531158b1133bab5d1e4cef4e5a&dn;=bitcoin-core-0.13.2&tr;=udp%3A%2F%2Ftracker.openbittorrent.com%3A80%2Fannounce&tr;=udp%3A%2F%2Ftracker.publicbt.com%3A80%2Fannounce&tr;=udp%3A%2F%2Ftracker.ccc.de%3A80%2Fannounce&tr;=udp%3A%2F%2Ftracker.coppersurfer.tk%3A6969&tr;=udp%3A%2F%2Ftracker.leechers-paradise.org%3A6969&ws;=https%3A%2F%2Fbitcoin.org%2Fbin%2F
This is a new minor version release, including various bugfixes and
performance improvements, as well as updated translations.
Please report bugs using the issue tracker at github:
https://github.com/bitcoin/bitcoin/issues
To receive security and update notifications, please subscribe to:
https://bitcoincore.org/en/list/announcements/join/
Compatibility

Microsoft ended support for Windows XP on April 8th, 2014,
an OS initially released in 2001. This means that not even critical security
updates will be released anymore. Without security updates, using a bitcoin
wallet on a XP machine is irresponsible at least.
In addition to that, with 0.12.x there have been varied reports of Bitcoin Core
randomly crashing on Windows XP. It is not clear
what the source of these crashes is, but it is likely that upstream
libraries such as Qt are no longer being tested on XP.
We do not have time nor resources to provide support for an OS that is
end-of-life. From 0.13.0 on, Windows XP is no longer supported. Users are
suggested to upgrade to a newer version of Windows, or install an alternative OS
that is supported.
No attempt is made to prevent installing or running the software on Windows XP,
you can still do so at your own risk, but do not expect it to work: do not
report issues about Windows XP to the issue tracker.
but severe issues with the libc++ version on 10.7.x keep it from running reliably.
0.13.1 now requires 10.8+, and will communicate that to 10.7 users, rather than crashing unexpectedly.
Notable changes

Change to wallet handling of mempool rejection
When a newly created transaction failed to enter the mempool due to
the limits on chains of unconfirmed transactions the sending RPC
calls would return an error. The transaction would still be queued
in the wallet and, once some of the parent transactions were
confirmed, broadcast after the software was restarted.
This behavior has been changed to return success and to reattempt
mempool insertion at the same time transaction rebroadcast is
attempted, avoiding a need for a restart.
Transactions in the wallet which cannot be accepted into the mempool
can be abandoned with the previously existing abandontransaction RPC
(or in the GUI via a context menu on the transaction).
0.13.2 Change log

Detailed release notes follow. This overview includes changes that affect
behavior, not code moves, refactors and string updates. For convenience in locating
the code changes and accompanying discussion, both the pull request and
git merge commit are mentioned.

Consensus

RPC and other APIs

Block and transaction handling

P2P protocol and network code

Build system

GUI

Wallet

Tests and QA

Miscellaneous

Credits

Thanks to everyone who directly contributed to this release:
As well as everyone that helped translating on Transifex.
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original: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-January/013412.html
submitted by dev_list_bot to bitcoin_devlist [link] [comments]

[Meta] Re: Bitcoin Core 0.13.2 released | Luke Dashjr | Jan 07 2017

Luke Dashjr on Jan 07 2017:
I don't think release announcements are really appropriate for the bitcoin-dev
mailing list. People who want these can subscribe to the bitcoin-core-dev list
and/or the Core announce mailing list. Maybe sending to bitcoin-discuss would
also make sense, but not bitcoin-dev...
Luke
On Tuesday, January 03, 2017 8:47:36 AM Wladimir J. van der Laan via bitcoin-
dev wrote:
Bitcoin Core version 0.13.2 is now available from:
https://bitcoin.org/bin/bitcoin-core-0.13.2/
Or by bittorrent:
magnet:?xt=urn:btih:746697d03db3ff531158b1133bab5d1e4cef4e5a&dn=bitcoin-co
re-0.13.2&tr=udp%3A%2F%2Ftracker.openbittorrent.com%3A80%2Fannounce&tr=udp%
3A%2F%2Ftracker.publicbt.com%3A80%2Fannounce&tr=udp%3A%2F%2Ftracker.ccc.de%
3A80%2Fannounce&tr=udp%3A%2F%2Ftracker.coppersurfer.tk%3A6969&tr=udp%3A%2F%
2Ftracker.leechers-paradise.org%3A6969&ws=https%3A%2F%2Fbitcoin.org%2Fbin%2
F
This is a new minor version release, including various bugfixes and
performance improvements, as well as updated translations.
Please report bugs using the issue tracker at github:
https://github.com/bitcoin/bitcoin/issues
To receive security and update notifications, please subscribe to:
https://bitcoincore.org/en/list/announcements/join/
Compatibility

Microsoft ended support for Windows XP on [April 8th,
2014](https://www.microsoft.com/en-us/WindowsForBusiness/end-of-xp-support
), an OS initially released in 2001. This means that not even critical
security updates will be released anymore. Without security updates, using
a bitcoin wallet on a XP machine is irresponsible at least.
In addition to that, with 0.12.x there have been varied reports of Bitcoin
Core randomly crashing on Windows XP. It is [not
clear](https://github.com/bitcoin/bitcoin/issues/7681#issuecomment-2174398
91) what the source of these crashes is, but it is likely that upstream
libraries such as Qt are no longer being tested on XP.
We do not have time nor resources to provide support for an OS that is
end-of-life. From 0.13.0 on, Windows XP is no longer supported. Users are
suggested to upgrade to a newer version of Windows, or install an
alternative OS that is supported.
No attempt is made to prevent installing or running the software on Windows
XP, you can still do so at your own risk, but do not expect it to work: do
not report issues about Windows XP to the issue tracker.
From 0.13.1 onwards OS X 10.7 is no longer supported. 0.13.0 was intended
to work on 10.7+, but severe issues with the libc++ version on 10.7.x keep
it from running reliably. 0.13.1 now requires 10.8+, and will communicate
that to 10.7 users, rather than crashing unexpectedly.
Notable changes

Change to wallet handling of mempool rejection
When a newly created transaction failed to enter the mempool due to
the limits on chains of unconfirmed transactions the sending RPC
calls would return an error. The transaction would still be queued
in the wallet and, once some of the parent transactions were
confirmed, broadcast after the software was restarted.
This behavior has been changed to return success and to reattempt
mempool insertion at the same time transaction rebroadcast is
attempted, avoiding a need for a restart.
Transactions in the wallet which cannot be accepted into the mempool
can be abandoned with the previously existing abandontransaction RPC
(or in the GUI via a context menu on the transaction).
0.13.2 Change log

Detailed release notes follow. This overview includes changes that affect
behavior, not code moves, refactors and string updates. For convenience in
locating the code changes and accompanying discussion, both the pull
request and git merge commit are mentioned.

Consensus

  • #9293 e591c10 [0.13 Backport #9053] IBD using chainwork instead of
height and not using header timestamp (gmaxwell) - #9053 5b93eee IBD
using chainwork instead of height and not using header timestamps
(gmaxwell)

RPC and other APIs

  • 8845 1d048b9 Don't return the address of a P2SH of a P2SH (jnewbery)

  • 9041 87fbced keypoololdest denote Unix epoch, not GMT

(s-matthew-english) - #9122 f82c81b fix getnettotals RPC description
about timemillis (visvirial) - #9042 5bcb05d [rpc] ParseHash: Fail when
length is not 64 (MarcoFalke) - #9194 f26dab7 Add option to return
non-segwit serialization via rpc (instagibbs) - #9347 b711390 [0.13.2]
wallet/rpc backports (MarcoFalke)
  • #9292 c365556 Complain when unknown rpcserialversion is specified
(sipa) - #9322 49a612f [qa] Don't set unknown rpcserialversion
(MarcoFalke)

Block and transaction handling

  • 8357 ce0d817 [mempool] Fix relaypriority calculation error (maiiz)

  • 9267 0a4aa87 [0.13 backport #9239] Disable fee estimates for a confirm

target of 1 block (morcos) - #9196 0c09d9f Send tip change notification
from invalidateblock (ryanofsky)

P2P protocol and network code

  • #8995 9ef3875 Add missing cs_main lock to ::GETBLOCKTXN processing
(TheBlueMatt) - #9234 94531b5 torcontrol: Explicitly request RSA1024
private key (laanwj) - #8637 2cad5db Compact Block Tweaks (rebase of

8235) (sipa)

  • #9058 286e548 Fixes for p2p-compactblocks.py test timeouts on travis
(#8842) (ryanofsky) - #8865 4c71fc4 Decouple peer-processing-logic from
block-connection-logic (TheBlueMatt) - #9117 6fe3981 net: don't send
feefilter messages before the version handshake is complete (theuni) -

9188 ca1fd75 Make orphan parent fetching ask for witnesses (gmaxwell) -

9052 3a3bcbf Use RelevantServices instead of node_network in

AttemptToEvict (gmaxwell) - #9048 9460771 [0.13 backport #9026] Fix
handling of invalid compact blocks (sdaftuar) - #9357 03b6f62 [0.13
backport #9352] Attempt reconstruction from all compact block
announcements (sdaftuar) - #9189 b96a8f7 Always add
default_witness_commitment with GBT client support (sipa) - #9253
28d0f22 Fix calculation of number of bound sockets to use (TheBlueMatt)
  • #9199 da5a16b Always drop the least preferred HB peer when adding a
new one (gmaxwell)

Build system

  • 9169 d1b4da9 build: fix qt5.7 build under macOS (theuni)

  • 9326 a0f7ece Update for OpenSSL 1.1 API (gmaxwell)

  • 9224 396c405 Prevent FD_SETSIZE error building on OpenBSD (ivdsangen)

GUI

  • #8972 6f86b53 Make warnings label selectable (jonasschnelli)
(MarcoFalke) - #9185 6d70a73 Fix coincontrol sort issue (jonasschnelli)
  • #9094 5f3a12c Use correct conversion function for boost::path datadir
(laanwj) - #8908 4a974b2 Update bitcoin-qt.desktop (s-matthew-english)
  • #9190 dc46b10 Plug many memory leaks (laanwj)

Wallet

  • #9290 35174a0 Make RelayWalletTransaction attempt to AcceptToMemoryPool
(gmaxwell) - #9295 43bcfca Bugfix: Fundrawtransaction: don't terminate
when keypool is empty (jonasschnelli) - #9302 f5d606e Return txid even
if ATMP fails for new transaction (sipa) - #9262 fe39f26 Prefer coins
that have fewer ancestors, sanity check txn before ATMP (instagibbs)

Tests and QA

  • #9159 eca9b46 Wait for specific block announcement in p2p-compactblocks
(ryanofsky) - #9186 dccdc3a Fix use-after-free in scheduler tests
(laanwj)
  • #9168 3107280 Add assert_raises_message to check specific error message
(mrbandrews) - #9191 29435db 0.13.2 Backports (MarcoFalke)
  • 9077 1d4c884 Increase wallet-dump RPC timeout (ryanofsky)

  • 9098 ecd7db5 Handle zombies and cluttered tmpdirs (MarcoFalke)

  • 8927 387ec9d Add script tests for FindAndDelete in pre-segwit and

segwit scripts (jl2012) - #9200 eebc699 bench: Fix subtle counting issue
when rescaling iteration count (laanwj)

Miscellaneous

  • #8838 094848b Calculate size and weight of block correctly in
CreateNewBlock() (jnewbery) - #8920 40169dc Set minimum required Boost
to 1.47.0 (fanquake)
  • #9251 a710a43 Improvement of documentation of command line parameter
'whitelist' (wodry) - #8932 106da69 Allow bitcoin-tx to create v2
transactions (btcdrak) - #8929 12428b4 add software-properties-common
(sigwo)
  • #9120 08d1c90 bug: Missed one "return false" in recent refactoring in

9067 (UdjinM6) - #9067 f85ee01 Fix exit codes (UdjinM6)

  • 9340 fb987b3 [0.13] Update secp256k1 subtree (MarcoFalke)

  • 9229 b172377 Remove calls to getaddrinfo_a (TheBlueMatt)

Credits

Thanks to everyone who directly contributed to this release:
  • Alex Morcos
  • BtcDrak
  • Cory Fields
  • fanquake
  • Gregory Maxwell
  • Gregory Sanders
  • instagibbs
  • Ivo van der Sangen
  • jnewbery
  • Johnson Lau
  • Jonas Schnelli
  • Luke Dashjr
  • maiiz
  • MarcoFalke
  • Masahiko Hyuga
  • Matt Corallo
  • matthias
  • mrbandrews
  • Pavel Janík
  • Pieter Wuille
  • randy-waterhouse
  • Russell Yanofsky
  • S. Matthew English
  • Steven
  • Suhas Daftuar
  • UdjinM6
  • Wladimir J. van der Laan
  • wodry
As well as everyone that helped translating on
Transifex.
bitcoin-dev mailing list
bitcoin-dev at lists.linuxfoundation.org
https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
original: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-January/013442.html
submitted by dev_list_bot to bitcoin_devlist [link] [comments]

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