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Re: [Ann]Vote New coins on Bter.com - Which new coin should Bter add in next week?
Please consider DIEM - More than half of the total LTC volume on Poloniex since the first day it was added
Buying Carpe Diem Coins
What does Carpe Diem have to do with virtual currencies?
Great question! Carpe Diem, seize the day, inspired this coin. By taking advantage of today instead of waiting for tomorrow, you will ensure yourself a stronger stake in the DIEM block chain. With block reward halvings every day and only 8 second blocks, DIEM aims to corner both the long-term investor market, as well as the merchant interest with extremely fast transactions and an ASIC backed network for added security
Won't 8 second blocks have tons of forks at launch?
We knew 8 second blocks were going to be what merchants needed, but it leaves us open to a launch full of miniforks, as many coins have done in the past. Those were also Scrypt, not SHA, and ASIC mining at launch brought another factor we had to use in our math. In the end, we chose a very fast difficulty retarget, active on launch to avoid instant mining, and set up the network a little different prior to launch
When setting up the initial seednodes, we actually mined 1 block per node (16 blocks) at 40,000 DIEM each instead of the standard 1,000,000, also using standard BTC diff retarget so it would stay at launch difficulty. This was our "safe guard" to ensure no mini forks on launch. After those first blocks were mined, we took the entire network down and forked the coin to properly reward 1,000,000 DIEM each, and implemented our difficulty retargeting. Essentially, we hard coded a hard fork to DIEM and launched with the post fork clients. This is why you won't see the fork in the code, but a block explorer will verify all of this
Anyway, why did we do these extra steps? Simple. When connecting to the network for the first time, your client had to go through either the seed nodes or proper, synced nodes, and "checkpoint" the first few blocks at different rewards. This way if someone got a minifork from block 1, they would not be able to continue due to no connections, which also stops that node from spreading any misinformation
As you have all seen, it worked flawlessly. Even with the huge hash rate fluctuations of the first day of a coin, we STILL were only 45 minutes ahead of schedule, thanks to our planning and difficulty retargeting
TL:DR; DIEM didn't fork once, even with ASIC mining and 8 second blocks and the difficulty is working perfectly. Flawless launch and difficulty adjustments
Translation
Carpe is the second-person singular present active imperative of carpō, "pick or pluck," used by Ovid to mean "enjoy, seize, use, make use of". Diem is the accusative case of the noun "dies", that means "day". A less literal translation of "Carpe diem" would thus be "enjoy the day" or "pluck the day [as it is ripe]"
Original usage from Odes 1.11, in Latin and English:
Tu ne quaesieris, scire nefas, quem mihi, quem tibi finem di dederint, Leuconoe, nec Babylonios temptaris numeros. ut melius, quidquid erit, pati. seu pluris hiemes seu tribuit Iuppiter ultimam, quae nunc oppositis debilitat pumicibus mare Tyrrhenum. Sapias, vina liques et spatio brevi spem longam reseces. dum loquimur, fugerit invida aetas: carpe diem, quam minimum credula postero.
---
Don't ask (it's forbidden to know) what end the gods have given me or you, Leuconoe. Don't play with Babylonian numerology either. How much better it is to endure whatever will be! Whether Jupiter has allotted you many more winters or this one, which even now wears out the Tyrrhenian sea on the opposing rocks, is the final one be wise, be truthful, strain the wine, and scale back your long hopes to a short period. While we speak, envious time will have {already} fled: seize the day, trusting as little as possible in the next (day).
Carpe Diem concept
Perhaps the first written expression of the concept is the advice given by Siduri to Gilgamesh, telling him to forgo his mourning and embrace life although some scholars see it as simply urging Gilgamesh to abandon his mourning, "reversing the liminal rituals of mourning and returning to the normal and normative behaviors of Mesopotamian society."
Meaning
In Horace, the phrase is part of the longer Carpe diem quam minimum credula postero, which can be translated as "Seize the day, put very little trust in tomorrow (/the future)". The ode says that the future is unforeseen and that one should not leave to chance future happenings, but rather one should do all one can today to make one's future better. This phrase is usually understood against Horace's Epicurean background. It is important to note that the "Carpe diem" phrase is often misinterpreted and misused in contemporary popular culture, to justify reckless behaviour ("you only live once"). However, the meaning of Carpe diem is not to ignore the future, but rather not to trust that everything is going to fall into place for you and taking action for the future today.
http://i.imgur.com/PWGggGZ.png
CarpDiemCoin.org
Carpe Diem Clients
Carpe Diem Block Explorer
DIEM Cold Storage
Exchanging Carpe Diem Coins
Carpe Diem Mining Pools
Quick Coin Specs
QQ Group
Facebook Giveaway
Reddit
Community Bounties
Community Contributions
If anyone wants to contribute to bounties, here's an address: 19nW2uLr9m5S5ngAEGqvudf9LLSiTNk6Vt
Please don't feel like you have to, only send some if you want to. Thanks mates!
Sample carpediemcoin.conf
Buying Carpe Diem Coins
http://i.imgur.com/PWGggGZ.png
CarpDiemCoin.org
Carpe diem is an aphorism usually translated "seize the day"
From a poem written in the Odes in 23 BC by the Latin poet Horace
CarpDiemCoin.org
Carpe diem is an aphorism usually translated "seize the day"
From a poem written in the Odes in 23 BC by the Latin poet Horace
What does Carpe Diem have to do with virtual currencies?
Great question! Carpe Diem, seize the day, inspired this coin. By taking advantage of today instead of waiting for tomorrow, you will ensure yourself a stronger stake in the DIEM block chain. With block reward halvings every day and only 8 second blocks, DIEM aims to corner both the long-term investor market, as well as the merchant interest with extremely fast transactions and an ASIC backed network for added security
Won't 8 second blocks have tons of forks at launch?
We knew 8 second blocks were going to be what merchants needed, but it leaves us open to a launch full of miniforks, as many coins have done in the past. Those were also Scrypt, not SHA, and ASIC mining at launch brought another factor we had to use in our math. In the end, we chose a very fast difficulty retarget, active on launch to avoid instant mining, and set up the network a little different prior to launch
When setting up the initial seednodes, we actually mined 1 block per node (16 blocks) at 40,000 DIEM each instead of the standard 1,000,000, also using standard BTC diff retarget so it would stay at launch difficulty. This was our "safe guard" to ensure no mini forks on launch. After those first blocks were mined, we took the entire network down and forked the coin to properly reward 1,000,000 DIEM each, and implemented our difficulty retargeting. Essentially, we hard coded a hard fork to DIEM and launched with the post fork clients. This is why you won't see the fork in the code, but a block explorer will verify all of this
Anyway, why did we do these extra steps? Simple. When connecting to the network for the first time, your client had to go through either the seed nodes or proper, synced nodes, and "checkpoint" the first few blocks at different rewards. This way if someone got a minifork from block 1, they would not be able to continue due to no connections, which also stops that node from spreading any misinformation
As you have all seen, it worked flawlessly. Even with the huge hash rate fluctuations of the first day of a coin, we STILL were only 45 minutes ahead of schedule, thanks to our planning and difficulty retargeting
TL:DR; DIEM didn't fork once, even with ASIC mining and 8 second blocks and the difficulty is working perfectly. Flawless launch and difficulty adjustments
Translation
Carpe is the second-person singular present active imperative of carpō, "pick or pluck," used by Ovid to mean "enjoy, seize, use, make use of". Diem is the accusative case of the noun "dies", that means "day". A less literal translation of "Carpe diem" would thus be "enjoy the day" or "pluck the day [as it is ripe]"
Original usage from Odes 1.11, in Latin and English:
Tu ne quaesieris, scire nefas, quem mihi, quem tibi finem di dederint, Leuconoe, nec Babylonios temptaris numeros. ut melius, quidquid erit, pati. seu pluris hiemes seu tribuit Iuppiter ultimam, quae nunc oppositis debilitat pumicibus mare Tyrrhenum. Sapias, vina liques et spatio brevi spem longam reseces. dum loquimur, fugerit invida aetas: carpe diem, quam minimum credula postero.
---
Don't ask (it's forbidden to know) what end the gods have given me or you, Leuconoe. Don't play with Babylonian numerology either. How much better it is to endure whatever will be! Whether Jupiter has allotted you many more winters or this one, which even now wears out the Tyrrhenian sea on the opposing rocks, is the final one be wise, be truthful, strain the wine, and scale back your long hopes to a short period. While we speak, envious time will have {already} fled: seize the day, trusting as little as possible in the next (day).
Carpe Diem concept
Perhaps the first written expression of the concept is the advice given by Siduri to Gilgamesh, telling him to forgo his mourning and embrace life although some scholars see it as simply urging Gilgamesh to abandon his mourning, "reversing the liminal rituals of mourning and returning to the normal and normative behaviors of Mesopotamian society."
Meaning
In Horace, the phrase is part of the longer Carpe diem quam minimum credula postero, which can be translated as "Seize the day, put very little trust in tomorrow (/the future)". The ode says that the future is unforeseen and that one should not leave to chance future happenings, but rather one should do all one can today to make one's future better. This phrase is usually understood against Horace's Epicurean background. It is important to note that the "Carpe diem" phrase is often misinterpreted and misused in contemporary popular culture, to justify reckless behaviour ("you only live once"). However, the meaning of Carpe diem is not to ignore the future, but rather not to trust that everything is going to fall into place for you and taking action for the future today.
http://i.imgur.com/PWGggGZ.png
CarpDiemCoin.org
Carpe Diem Clients
Carpe Diem Block Explorer
DIEM Cold Storage
Exchanging Carpe Diem Coins
Carpe Diem Mining Pools
Quick Coin Specs
- Port: 6480
- Symbol: DIEM
- Algo: SHA-256
- Mined DIEM Confirmations: 120
- Coin target block time: 8 Seconds
- Block reward halves once per day
- Initial block reward: 1,000,000 DIEM For the First Day
- Total coin supply: 21.6 billion DIEM
- No premine
QQ Group
- Download QQ Software
- After you have downloaded, click here to join the DIEM group
Facebook Giveaway
Community Bounties
ABE Block Explorer: 250,000 DIEMCreate a Paper Wallet: 100,000 DIEM- Create any online games: 100,000 DIEM
- Get CarpeDiemCoin on the front page of Reddit: 1,000,000 DIEM
- Create awesome Youtube video about CarpeDiemCoin (30 Seconds Max): 50,000 DIEM
- Create a Viral Video about CarpeDiemCoin (Use your insane side), 100,000+ Views: 300,000 DIEM
Carpe Diem Coin Android Wallet: 15,000,000 DIEM- Carpe Diem Original Memes: 1000 DIEM sent to the DIEM address in your signature per picture that makes me laugh
Community Contributions
If anyone wants to contribute to bounties, here's an address: 19nW2uLr9m5S5ngAEGqvudf9LLSiTNk6Vt
Please don't feel like you have to, only send some if you want to. Thanks mates!
Sample carpediemcoin.conf
Code:
server=1
listen=1
daemon=1
rpcuser=yourusername
rpcpassword=yourpassword
rpcport=6480
rpcallowip=127.0.0.1
addnode=23.92.60.76
addnode=162.243.85.72
addnode=162.243.105.94
addnode=162.243.228.207
listen=1
daemon=1
rpcuser=yourusername
rpcpassword=yourpassword
rpcport=6480
rpcallowip=127.0.0.1
addnode=23.92.60.76
addnode=162.243.85.72
addnode=162.243.105.94
addnode=162.243.228.207
ADD DIEM, bter, already!
Agreed. We have already added DIEM to the Paysha.com launch so they will be used for merchant services as well soon. You want LTC market volume? Pick DIEM they are on top right now of LTC trading
Almost no more mining supply either. Its a straight traders coin now
Also the fastest in the world at 8 second blocks
Just do it. It feels good to be on the ground floor of a unique rewarding coin like this. The community is amazing. They do a shitload of giveaways and are always there to help new comers, even if they aren't interested in DIEM, the community still helps out. A lot of really cool people with money to spend are following DIEM right now and the first big exchange to add them is going to make soooo much on transaction fees it's not even funny. The community is really behind the coin, and until you add it I have a feeling you will be seeing the OP quoted quiteeee a bit cloggin up the thread. They are relentless in getting their coin advanced
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
If you guys find anyone to do it, we will set up a pool for all 4 coins on Paysha to be merge mined at the same time. Should help the network a bit
I'll throw another 1000 BEN into the bounty because I agree whole heartedly with merged mining, just post an address to send it to
I'll throw another 1000 BEN into the bounty because I agree whole heartedly with merged mining, just post an address to send it to
If you spent more than five minutes on this you have wasted your time.
I was rather perturbed seeing a couple of pre-announced "doriancoins" using (without permission) pictures of Dorian S. Nakamoto in their imagingYour picture also says Royal Dansk, still, on the bottom...
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
yeah totally luck.
I am okay with that. Just wasn't sure if anything had been changed because those blocks came pretty quick.
But I am sure Ben is working hard, nice work so far. My main concern is security since that's where existing POS systems fail badly. Admittedly they do billions in $$$ with no problem, but in this new era, their outdated antique network and devices are a serious weakness. Therefore, if one doesn't build next-gen POS devices and networks with security first (a new paradigm) then there is no point in doing it at all, else more innocents will just be fleeced.
But anyway, back to the topic, do what you want with the coin, but as for merchants, you need to convince them that it is in their best interests to purchase a mining device A: for TX improvemnts, and B: to pay themselves a bit. So, if trying to see the future at zero-cost for the merchants, that's not realistic.
But then, merchants are dummies when it comes to tech. So, it is hard to educate the monied parties, because, the past ways have made them rich. And, they think they won't lost their money. But then, all fiat is actually debt, not money. So, I would say a technically-supported cryptocoin as BEN, is actually more real and more appropriate, than all these debt based fiat systems.
The first nation or concern that goes all in, on some coin or basket of coins, will gain a huge advantage over other players. I feel sad that America is run by dummies who can't see that. Or, perhaps that is why they fight BTC and crypto and make fun of it. That is often what people do, when they are scared.
POS system is something that will come later, and most likely be done with mobile apps. We already have lower fees than credit and debit cards, I think merchants will see the benefits right away after they make their first sale or two and see how easy it is
Last I heard, Ben was working on the fork, but having some problems
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
Instead of flooding the BEN thread, we will post updates on https://twitter.com/PayshaPayments
Just made it now and it will not be very active until the Paysha beta
After we officially launch, that will be our preferred method of announcements
Just made it now and it will not be very active until the Paysha beta
After we officially launch, that will be our preferred method of announcements
If you follow us and send a BEN address with #Paysha I'll send you 20 BEN each
DO IT
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
Instead of flooding the BEN thread, we will post updates on https://twitter.com/PayshaPayments
Just made it now and it will not be very active until the Paysha beta
After we officially launch, that will be our preferred method of announcements
Just made it now and it will not be very active until the Paysha beta
After we officially launch, that will be our preferred method of announcements
If you follow us and send a BEN address with #Paysha I'll send you 20 BEN each
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
Instead of flooding the BEN thread, we will post updates on https://twitter.com/PayshaPayments
Just made it now and it will not be very active until the Paysha beta
After we officially launch, that will be our preferred method of announcements
Just made it now and it will not be very active until the Paysha beta
After we officially launch, that will be our preferred method of announcements
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
I see Benjamins is on https://coins2themoon.com
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
Price & Charts here: http://crypto-prices.com/BEN
I love your site
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
Getting closer to launch...
http://paysha.com/FinCEN/PayshaFinCEN.pdf
Or search Paysha under DBA on FinCEN - Launch is near
http://www.fincen.gov/financial_institutions/msb/msbstateselector.html
http://paysha.com/FinCEN/PayshaFinCEN.pdf
Or search Paysha under DBA on FinCEN - Launch is near
http://www.fincen.gov/financial_institutions/msb/msbstateselector.html
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
That is only due to low hash rate. Although you are quite off
Est. Avg. Time per Round (Network) 1 hour 16 minutes 3 seconds
Are we looking at the same coin?
http://ben.pitythepool.com/index.php?page=statistics&action=pool
indicates that it takes well over 4h per block - and they are finding ALL the blocks...
Yea, once an hour on average
24211 nickbiker 07/03 01:58:15 23,719
24210 nickbiker 07/03 00:56:08 109,892
24209 nickbiker 06/03 20:09:18 66,989
24208 HenryFord 06/03 17:15:07 22,989
24207 HenryFord 06/03 16:12:34 125,696
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
....The problem with visa and mastercard is any 12yr old russian script kiddy can fire up sqlmap or similar tool and with no actualy skills in sql let alone hacking go out and scan all of africa and third world countrys for shitty configured webstores, then with the press of a button dump the data, loginto tor and sell it to carders....
I wouldnt blame visa as much as i would blame shitty third world web devs, pay penuts get monkeys.
Paysha will not be vunrabile to such exploits, even if the data was dumped the passwords (one would hope would be hashed) so "theif" has nothing....
Also in regards to mastercard and visa alot of the data for sale is from actaull employees and stoer owners they install skimmers on there own POS and harvest the data then sell. You will find 90% of card data comes from dodgy store owners and employee's the rest from third world countrys..... many a times swim has found a thirdworld webstore running mysql as root user and hosting 100+ pages from the same DB.... you would be suprised how many well known USA sites are hosted in a dodgy thirdworld shared hosting enviroment.
For instance...
If you use the SAME PASSWORD YOU USE HERE anywhere else then you are fucked, ie: if you use the same password from bitcointalk on paysha, say goodby to your funds, this isnt paysha's fault, its yours. Hacker hacks this site bitcointalk, dumps DB uses his "bitcoin mining" ASICS to crack your passowrd hash with salt then uses bot to try combo's on a list of 100+ bitcoin related sites, stores results and laughs all the way to the bank, but who is to blame? not paysha but you for using the same dodgy password for everythign you do online...... No asic could crack my 16 + char password, and its different for everysite.
I wouldnt blame visa as much as i would blame shitty third world web devs, pay penuts get monkeys.
Paysha will not be vunrabile to such exploits, even if the data was dumped the passwords (one would hope would be hashed) so "theif" has nothing....
Also in regards to mastercard and visa alot of the data for sale is from actaull employees and stoer owners they install skimmers on there own POS and harvest the data then sell. You will find 90% of card data comes from dodgy store owners and employee's the rest from third world countrys..... many a times swim has found a thirdworld webstore running mysql as root user and hosting 100+ pages from the same DB.... you would be suprised how many well known USA sites are hosted in a dodgy thirdworld shared hosting enviroment.
For instance...
If you use the SAME PASSWORD YOU USE HERE anywhere else then you are fucked, ie: if you use the same password from bitcointalk on paysha, say goodby to your funds, this isnt paysha's fault, its yours. Hacker hacks this site bitcointalk, dumps DB uses his "bitcoin mining" ASICS to crack your passowrd hash with salt then uses bot to try combo's on a list of 100+ bitcoin related sites, stores results and laughs all the way to the bank, but who is to blame? not paysha but you for using the same dodgy password for everythign you do online...... No asic could crack my 16 + char password, and its different for everysite.
Wow! You seem to know a lot about computer things, the world, and all....
My question is, why are you still mining and supporting BEN when the next diff retarget is not to occur before 360 days from now? (1997 blocks x 4h 20min). 24h for a transaction to confirm. 20 days for a mined coin to mature.... and the dev-team that doesn't want to do anything about the diff issue with BEN?
I am really confused.
That is only due to low hash rate. Although you are quite off
Est. Avg. Time per Round (Network) 1 hour 16 minutes 3 seconds
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
Ideally, yes 
So then,
VeeSA says: "Hur durr, maybes needs encryptions? Much dollars needed!"
And, yet, that is what the SHA hashcube DOES: Encryption.
The blockchain of some good and true coin (not debauched by diff forks) if it can deliver true security where Visa hath fumbled (all their 1000s customers robbed the last holiday) will see an adoption like none every before. AND YET, that coin must think ahead as to how to provide TX identifiers that are true, but which do not contain payload that contains user data.
From a legal perspective, if you look at the crushing penalties for fumbling customer data, well, it makes one want to become a lawyer (haha not really) because of the sheer volume of litigation which is pending against companies that now owe the states millions of theorized-legal-dollars in future terms, because of recent data fumblings.
All acceptors of any customer identifiable data, shall suffer hard fines if they screw that fiduciary duty up. That is what the code says. So, the coin which brings POS security, will exploit the current milieu which is one of customer pain and theft-sufferings.
You would have been good to have in our meeting a few weeks ago when we were discussing a lot of this. That's when we decided to trademark Paysha and register the DBA individually with FinCen
Transaction details only show the address it's coming from and going to. That's like writing a check, as that also has your account information on it. It goes back to what I was saying earlier, though, about the lockbox working one way. Even with your routing and account information, they can only put money in, not take it out.
All information, transactions and payments are verified with multiple layers in our system through several random identifiers, which I won't get into in public for obvious reasons
POS speed like it is with cards won't be possible operating this way, at least not with the current list of coins. There are a few options to do it, but that involves holding funds, which is not something we are looking to do right now. After the recent MtGox bullshit, we want to get the money to the seller as quickly as possible with no delays and not even give an opportunity for us to "misplace" it due to full automation
Another advantage to longer block times is more secure block chains, which is what Paysha is focused on, rather than transaction speed. As said earlier, most merchants are used to 2-3 days for ACH to transfer, so even at a few hours, we are still improving the wait time, not to mention lowering their merchant and transaction fees by +/- 50% depending on volume of credit and debit sales
On a legal note, we are only keeping the minimum amount of required information to keep both our website and payment structure in compliance, and again, that is only for our cold stored records, not to sell or share with anyone else, nor be stored online and accessible to attacks
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
We are going to be exploring POS systems in the near future once our online system is sound and functional and we find the right guy for this part of the project. For now we are generating QR codes that can be used how UPC codes are currently used. A customer or employee can scan the QR code with any smart phone and be sent directly to that item's payment page. Not ideal as a POS solution, but functional temporarily
We are also going to offer Paper Wallet Payments, as well, though not at launch. This will allow merchants to redeem payment in physical form, rather than electronically
We are also going to offer Paper Wallet Payments, as well, though not at launch. This will allow merchants to redeem payment in physical form, rather than electronically
The template for your POS should be: Security. I say this because the Visa model is being crushed by hackers (Target, TJX hack, etc) so whatever you come up with, it should sell itself because of being MORE secure than the old crap which is fading away.
1: Think about how broken and failed the existing Visa/MC model and hardware are.
The way we are designing Paysha is with merchant funds in mind before anything else. This is why we won't be holding any funds
When it comes to POS, there's not too much we are ready to say, yet. However, think of the way the payment system will work as how cold storage works. It's a one way street where money can go in, but not come out
Think of it like the lockbox at a gas station. They have the safe that's locked with a slot to insert the receipts and cash from the register, but the people putting money in don't have the key to open the safe, so even if you rob the store and ransack the place, the stuff in the safe is left untouched
Keep in mind, as well, that we are using coin block chains to secure transactions, rather than our own systems
Quote
http://www.zdnet.com/visa-cfo-quite-a-bit-of-investment-needed-to-install-chip-and-pin-technology-7000027067/
[...]
Visa's chief financial officer said that securing retail point-of-sale infrastructure will take a hefty investment, chips on credit cards are critical and better encryption may be the fastest way to secure transactions.
Byron Pollitt, CFO of Visa, said at the Morgan Stanley Technology Media & Telecom conference that cybersecurity is the No. 1 topic in the payment ecosystem following the widely publicized data breaches at Target. Target CIO Beth Jacob resigned on Wednesday.
[...]
Visa's chief financial officer said that securing retail point-of-sale infrastructure will take a hefty investment, chips on credit cards are critical and better encryption may be the fastest way to secure transactions.
Byron Pollitt, CFO of Visa, said at the Morgan Stanley Technology Media & Telecom conference that cybersecurity is the No. 1 topic in the payment ecosystem following the widely publicized data breaches at Target. Target CIO Beth Jacob resigned on Wednesday.
^^^ These people have literally no clue.
Do you think merchants or taxpayers will want to pay the salaries of such educated-fools as these? I say ditch these well paid failures, because, vulnerabilities and stupid flaws, always follow thinkers like these people.
They ALL should be fired, not just the CIO. Well, my .02 cents as an IT worker. I know how vulnerable the existing world's "money" actually is.
So this whole cryptocoin movement is basically 'the people' demanding a true security. And yet, BTC is now fully associated with scumbag thieves of the highest level. So, credibility is what is desirable in this era of well paid fools.
They are old school and don't understand the impact of mobile in today's business owners
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ NO HARD FORK INCOMING ►◄ Cryptsy ►◄ PAYSHA! ►
Holy cow NorCalNewbie707 on ben.hashers.ca jumping in with 50+ghs --and also donating to the exchange. KUDOS TO YOU miner of note! Yours is a heady pace we shall see who is equal to you. So far: You are the King.
Yes, he was a solid miner, but I think he's moved on to one of my other pools now as we haven't found a BEN block since the diff change.
Yeah, but there are only relatively few Benjamins so I am fine mining them. A lot of this is about adoption. And I don't see any of these other coins doing anything except wimping out their difficulty so as to increase their pool, but this is short sighted and I am not convinced any of those other SHA coins have any potential like Benjamins. I just have a good feeling about this one, the ghost of Benjamin Franklin seeks to bring prudence and long term thought to this sea of confusion.
So, can you guys think of any way to get merchants, to also be miners? Because with that sort of buy-in (500 bucks for a cube say) they then would also be building the TX muscles a bit bigger. People shell out big bucks for registers, so why not have one that serves as a register but also mines and facilitates the TX fluidity? I was a POS tech for a long while so I feel that devices are a big part of whomever succeeds in this. The one who makes the blockchain desirable for customers (merchants) is who will win.
We are going to be exploring POS systems in the near future once our online system is sound and functional and we find the right guy for this part of the project. For now we are generating QR codes that can be used how UPC codes are currently used. A customer or employee can scan the QR code with any smart phone and be sent directly to that item's payment page. Not ideal as a POS solution, but functional temporarily
We are also going to offer Paper Wallet Payments, as well, though not at launch. This will allow merchants to redeem payment in physical form, rather than electronically
Re: [Ann]Vote New coins on Bter.com - Which new coin should Bter add in next week?
http://i.imgur.com/WnmmM2D.gif
Benjamins Reddit
Benjamins Twitter
Fair Launch, No Premine
Benjamins confirmed to be accepted payment for the PaySha.com launch
Exchanging Benjamins (12 trading markets)
Live Chart
http://kryptokursy.pl/BEN
Benjamins now on the Cryptsy BTC market
https://www.cryptsy.com/markets/view/157
Benjamins now on Swisscex in the BTC, LTC, and DOGE markets
| BEN/BTC | BEN/LTC | BEN/DOGE |
Benjamins now on CryptoRush in the BTC, LTC, and DOGE markets
| BEN/BTC | BEN/LTC | BEN/DOGE |
Benjamins on OpenEx
https://openex.pw/index.php?page=trade&market=121
Benjamins will be on LazyCoins at launch
http://www.LazyCoins.com
What is a Benjamin?
Benjamins Reddit
Benjamins Twitter
Fair Launch, No Premine
Benjamins confirmed to be accepted payment for the PaySha.com launch
Exchanging Benjamins (12 trading markets)
Live Chart
http://kryptokursy.pl/BEN
Benjamins now on the Cryptsy BTC market
https://www.cryptsy.com/markets/view/157
Benjamins now on Swisscex in the BTC, LTC, and DOGE markets
| BEN/BTC | BEN/LTC | BEN/DOGE |
Benjamins now on CryptoRush in the BTC, LTC, and DOGE markets
| BEN/BTC | BEN/LTC | BEN/DOGE |
Benjamins on OpenEx
https://openex.pw/index.php?page=trade&market=121
I'm pleased to announce https://CryptX.io is now the first exchange to trade BEN
Benjamins has been added at Coin-Swap.net
Benjamins will be on LazyCoins at launch
http://www.LazyCoins.com
The United States one hundred-dollar bill ($100) is a denomination of United States currency featuring statesman, inventor, and diplomat Benjamin Franklin on the obverse of the bill. On the reverse of the banknote is an image of Independence Hall. The $100 bill is the largest denomination that has been printed since 1969, when the denominations of $500, $1,000, $5,000, and $10,000 were retired
The Bureau of Engraving and Printing says the average life of a $100 bill in circulation is 90 months (7.5 years) before it is replaced due to wear and tear. The bills are also commonly referred to as "Benjamins", in reference to the use of Benjamin Franklin's portrait on the denomination, or "C-Notes", based on the Roman numeral for 100. The bill is one of two denominations printed today that does not feature a President of the United States; the other is the $10 bill, featuring Alexander Hamilton. The time on the clock of Independence Hall on the reverse, according to the U.S. Bureau of Engraving and Printing, shows approximately 4:10 on the older contemporary notes and 10:30 on the series 2009A notes in 2013
On April 24, 2013, the Federal Reserve announced the new $100 bill would enter circulation on October 8, 2013. The new bill will cost 12.6 cents to produce and have a blue ribbon woven into the center of the currency with "100" and Liberty Bells, alternating, that appear when the bill is tilted
According to the Federal Reserve, more than two thirds of all $100 notes circulate outside of the United States, making it the most popular banknote
Paper Wallets now available at http://www.BenjaminsBaby.com/paperwallet.html
Official Website NOW LIVE: BenjaminsBaby.com
http://i.imgur.com/WDNQGzk.gif
Coin Specs
SHA Based
10 Minute blocks
100 Coins per block
Max BENs: 12,800,000
Halves at 64,000 blocks
No Premine and 0 Instamine
Binaries and Source provided
Windows QT - http://www.BenjaminsBaby.com/BEN/Benjamins-WindowsQT.rar
Windows Daemon - http://www.BenjaminsBaby.com/BEN/Benjamins-WindowsDaemon.rar
Linux QT - http://www.BenjaminsBaby.com/BEN/Benjamins-LinuxQT.rar
Linux Daemon - http://www.BenjaminsBaby.com/BEN/Benjamins-LinuxDaemon.rar
Source Code: https://github.com/BenjaminsSource/Benjamins
ABE Block Explorer: http://198.147.23.176:2750
addnode=95.85.39.131
addnode=97.112.91.126
addnode=192.227.160.84
addnode=71.240.166.229
addnode=79.30.41.82
addnode=79.35.184.193
addnode=178.210.43.53
addnode=37.4.59.204
addnode=188.162.40.145
addnode=67.233.202.8
addnode=66.186.168.160
addnode=70.169.118.178
addnode=216.145.101.106
addnode=123.211.105.43
addnode=50.42.35.91
addnode=46.118.221.232
addnode=124.169.133.2
addnode=86.5.174.41
addnode=151.50.110.59
addnode=184.75.214.210
addnode=199.217.117.170
addnode=71.240.166.229
addnode=95.85.39.131
addnode=23.25.122.113
addnode=69.64.63.162
addnode=46.118.221.232
addnode=198.147.23.176
The Benjamins support team is comprised of several very talented individuals all working towards a common goal of providing a safe, secure, and easy transition for merchants from fiat-only businesses to accepting virtual currencies with just the click of a button. These members are located in the United States, Europe, Asia, and Australia, so most global timezones will be covered as far as support team being available for assistance. 8 blocks at normal (100 BEN) rewards were mined to sync up the nodes and the pool for launch
The Benjamins Merchant Services division is providing users, traders, and merchants alike with the option to easily integrate and customize our system into an already existing business or website. We will also provide live support to assist you or your business in the transition to the newest technology available for financial transactions. Let us bridge the gap between virtual currencies and those that don't know, yet. Benjamins have arrived. And they're here to stay
The Benjamins team has made it easier than ever to accept virtual currencies as payment. Instead of tracking down a programmer to integrate payments, you can just sign up with us and let our code do the work for you! Easily customizable buttons are available to fit your business and website style with only a few clicks! You can be accepting Benjamins TODAY. The Merchant Services will be launched when BEN has hit an exchange or two and a market price has been set
Benjamin himself will also provide an official mining pool within 48 hours of launch, as well as an ABE based Block Explorer for easy transaction tracking, both coming up at the same time. The reason we are launching with no pool is to prevent forks an get the block chain spread across multiple nodes rather than everyone putting their hashes into one place and screwing over solo miners. If anyone else wants to set up a pool before that, we have no problems with that at all and will include your link in this post
Live support is available to answer any questions you may have about Benjamins, or just virtual currencies in general. Not only will we provide these services to you, but we will also work with you to help get you the exposure you desire in the crypto currency community. Accept virtual currencies and take advantage of the newest technology available. We will provide the same service that CoinPayments provides, but specifically coded for Benjamins designed to coordinate with both the coin and website that will be launched in the next 48 hours with the pool, explorer, paper wallets, and other very useful services provided by the Benjamins development team
Benjamins Mining Pools (SHA-256)
Neocities P2Pool: http://p2pool.neocities.org/coin_ben.html (Pool Op: deeppurple72)
Benjamins PityThePool: http://ben.pitythepool.com (Pool Op: Mortimer452)
Hasher BEN Pool: http://ben.hasher.ca (Pool Op: crackfoo)
Coinminer P2Pool: http://coinminer.net:19986 (Pool Op: RobRoy)
iSpace Pool (UK): http://ispace.co.uk (Pool Op: Marty19)
BEN on TomPool: http://tompool.org (Pool Op: Tommo_Aus)
Deadly Silence (EU): http://ben.deadly-silence.org (Pool Op: ArcticWolfie)
Coinmining Pool: http://ben.coinmining.pw (Pool Op: PhatJ [CryptoCoinTalk])
BEN on Coin-Pool: http://ben.coin-pool.org (Pool Op: gjerek)
Coin Specs
SHA Based
10 Minute blocks
100 Coins per block
Max BENs: 12,800,000
Halves at 64,000 blocks
No Premine and 0 Instamine
Binaries and Source provided
Windows QT - http://www.BenjaminsBaby.com/BEN/Benjamins-WindowsQT.rar
Windows Daemon - http://www.BenjaminsBaby.com/BEN/Benjamins-WindowsDaemon.rar
Linux QT - http://www.BenjaminsBaby.com/BEN/Benjamins-LinuxQT.rar
Linux Daemon - http://www.BenjaminsBaby.com/BEN/Benjamins-LinuxDaemon.rar
Source Code: https://github.com/BenjaminsSource/Benjamins
ABE Block Explorer: http://198.147.23.176:2750
Donation address for Bounties, Giveaways, and other community promotions: 1KM6JTbmXHQ9KxT1PAUcKjGHPafbXjFgAV | Thank you
Official Website NOW LIVE: BenjaminsBaby.com
Benjamins Reddit
Benjamins Twitter
Paper Wallets now available at http://www.BenjaminsBaby.com/paperwallet.html
Official Website NOW LIVE: BenjaminsBaby.com
http://i.imgur.com/WDNQGzk.gif
Coin Specs
SHA Based
10 Minute blocks
100 Coins per block
Max BENs: 12,800,000
Halves at 64,000 blocks
No Premine and 0 Instamine
Binaries and Source provided
Windows QT - http://www.BenjaminsBaby.com/BEN/Benjamins-WindowsQT.rar
Windows Daemon - http://www.BenjaminsBaby.com/BEN/Benjamins-WindowsDaemon.rar
Linux QT - http://www.BenjaminsBaby.com/BEN/Benjamins-LinuxQT.rar
Linux Daemon - http://www.BenjaminsBaby.com/BEN/Benjamins-LinuxDaemon.rar
Source Code: https://github.com/BenjaminsSource/Benjamins
ABE Block Explorer: http://198.147.23.176:2750
addnode=95.85.39.131
addnode=97.112.91.126
addnode=192.227.160.84
addnode=71.240.166.229
addnode=79.30.41.82
addnode=79.35.184.193
addnode=178.210.43.53
addnode=37.4.59.204
addnode=188.162.40.145
addnode=67.233.202.8
addnode=66.186.168.160
addnode=70.169.118.178
addnode=216.145.101.106
addnode=123.211.105.43
addnode=50.42.35.91
addnode=46.118.221.232
addnode=124.169.133.2
addnode=86.5.174.41
addnode=151.50.110.59
addnode=184.75.214.210
addnode=199.217.117.170
addnode=71.240.166.229
addnode=95.85.39.131
addnode=23.25.122.113
addnode=69.64.63.162
addnode=46.118.221.232
addnode=198.147.23.176
The Benjamins support team is comprised of several very talented individuals all working towards a common goal of providing a safe, secure, and easy transition for merchants from fiat-only businesses to accepting virtual currencies with just the click of a button. These members are located in the United States, Europe, Asia, and Australia, so most global timezones will be covered as far as support team being available for assistance. 8 blocks at normal (100 BEN) rewards were mined to sync up the nodes and the pool for launch
The Benjamins Merchant Services division is providing users, traders, and merchants alike with the option to easily integrate and customize our system into an already existing business or website. We will also provide live support to assist you or your business in the transition to the newest technology available for financial transactions. Let us bridge the gap between virtual currencies and those that don't know, yet. Benjamins have arrived. And they're here to stay
The Benjamins team has made it easier than ever to accept virtual currencies as payment. Instead of tracking down a programmer to integrate payments, you can just sign up with us and let our code do the work for you! Easily customizable buttons are available to fit your business and website style with only a few clicks! You can be accepting Benjamins TODAY. The Merchant Services will be launched when BEN has hit an exchange or two and a market price has been set
Benjamin himself will also provide an official mining pool within 48 hours of launch, as well as an ABE based Block Explorer for easy transaction tracking, both coming up at the same time. The reason we are launching with no pool is to prevent forks an get the block chain spread across multiple nodes rather than everyone putting their hashes into one place and screwing over solo miners. If anyone else wants to set up a pool before that, we have no problems with that at all and will include your link in this post
Live support is available to answer any questions you may have about Benjamins, or just virtual currencies in general. Not only will we provide these services to you, but we will also work with you to help get you the exposure you desire in the crypto currency community. Accept virtual currencies and take advantage of the newest technology available. We will provide the same service that CoinPayments provides, but specifically coded for Benjamins designed to coordinate with both the coin and website that will be launched in the next 48 hours with the pool, explorer, paper wallets, and other very useful services provided by the Benjamins development team
Benjamin Franklin has already been contacted via séance and approves of the choice for SHA over Scrypt. He finds electricity fascinating and wishes to conserve it for future generations by using efficient mining hardware
Benjamins Mining Pools (SHA-256)
Neocities P2Pool: http://p2pool.neocities.org/coin_ben.html (Pool Op: deeppurple72)
Benjamins PityThePool: http://ben.pitythepool.com (Pool Op: Mortimer452)
Hasher BEN Pool: http://ben.hasher.ca (Pool Op: crackfoo)
Coinminer P2Pool: http://coinminer.net:19986 (Pool Op: RobRoy)
iSpace Pool (UK): http://ispace.co.uk (Pool Op: Marty19)
BEN on TomPool: http://tompool.org (Pool Op: Tommo_Aus)
Deadly Silence (EU): http://ben.deadly-silence.org (Pool Op: ArcticWolfie)
Coinmining Pool: http://ben.coinmining.pw (Pool Op: PhatJ [CryptoCoinTalk])
BEN on Coin-Pool: http://ben.coin-pool.org (Pool Op: gjerek)
Coin Specs
SHA Based
10 Minute blocks
100 Coins per block
Max BENs: 12,800,000
Halves at 64,000 blocks
No Premine and 0 Instamine
Binaries and Source provided
Windows QT - http://www.BenjaminsBaby.com/BEN/Benjamins-WindowsQT.rar
Windows Daemon - http://www.BenjaminsBaby.com/BEN/Benjamins-WindowsDaemon.rar
Linux QT - http://www.BenjaminsBaby.com/BEN/Benjamins-LinuxQT.rar
Linux Daemon - http://www.BenjaminsBaby.com/BEN/Benjamins-LinuxDaemon.rar
Source Code: https://github.com/BenjaminsSource/Benjamins
ABE Block Explorer: http://198.147.23.176:2750
Donation address for Bounties, Giveaways, and other community promotions: 1KM6JTbmXHQ9KxT1PAUcKjGHPafbXjFgAV | Thank you
Official Website NOW LIVE: BenjaminsBaby.com
I'm pleased to announce https://CryptX.io is now the first exchange to trade BEN
Benjamins has been added at Coin-Swap.net
http://i.imgur.com/WnmmM2D.gifBenjamins Reddit
Benjamins Twitter
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ 12 Exchange Markets ►◄ Cryptsy ►◄ PAYSHA!! ►
Correct in what the target is currently. Difficulty is making sense if you use those numbers in the math. The block count is way ahead of where we should be with that target time
Ahh, I think I get it - the diff retarget is using the current bock height versus expected block height to determine next difficulty, rather than current network block time. That explains the huge diff jump, we *should* be at block ~4400 right now
So, this coin is pretty much a clone of BTC, with 10 min block times and 2-week retarget, just with different rewards structure.
My vote goes to a fork asap. The much, much longer block times not only affect mining but all transactions on the network - BEN is now looking at 30+ minutes per confirmation which will not stand a chance against other coins if the plan is to use BEN for purchasing power through payment providers such as Paysha.
I vote for forking back to the announced coin parameters of 64 second block times, and a much shorter diff retarget, something closer to 60 blocks (~1 hour) rather than 2016. Just my $0.02
This would affect people trying to buy a soda with it, yes. However, retailers and merchants are used to 2-3 days for transfers via ACH. If it were to stay at 10 minute blocks, it would allow Paysha to process payments earlier than 6 confirmations. Also, in the long run, 10 minute block times are much more secure than 64 seconds. The other 3 coins are secured by large hashrates, Benjamins doesn't have that yet, so the longer block times would help it stay safer, if anyone cares what I think about the situation
It doesn't matter to us either way, but it is our responsibility to give pros and cons for both options as an outside observer. It's pretty close to Bitcoin's numbers, but Bitcoin also started with just CPU mining, so it is a fairly interesting idea showing the impact ASIC miners would have had on Bitcoin when it first launched
Either way, we will still process Benjamins payments, whether it forks or not
I agree 2-3 days for ACH transfers is pretty normal, but that's more on the back-end, not at the point-of-sale.
Right now BEN is looking at 30+ minutes per confirmation just to send coins. That means if you go to a website, buy stuff, checkout and pay with BEN, the merchant can't know whether he was paid for something like 2-3 hours (length of time for 4-6 confirmations). It would be like if you swiped your card at Best Buy and the checkout clerk had to wait for 3 hours before she knew your card was approved. That just can't work.
Cryptocurrencies will probably never offer the same "instant approval" that credit card processing does, but waiting 15 minutes or so is a pretty acceptable compromise in trade for much, much lower fees and much, much less regulatory hassle. 30 minutes per confirmation just isn't going to work.
At current network hashrates BEN will be stuck with 30 minute confirmations for the next 42 days. As the days go on, unless BEN's exchange prices go up dramatically, this will increase to 60 minutes or longer, as more miners bail due to the extremely low profitability of this coin. It will be months before the diff adjusts again and gets us back down to "normal" 10-minute block times.
If anything - I think this goes to show (yet again) that the original BitCoin parameters do *NOT* work in today's world of high-powered ASIC's and drive-by miners. BTC is only able to stay alive with these parameters due to its massive network hashrate - it's just too big to be swung one way or another.
Today's coins *require* faster confirmation times and faster difficulty adjustments, or they fail. EVERY semi-successful coin I have been involved with over the past 6 months that has started with > 1 hour diff retarget has eventually been forced to implement KGW or retarget after every block. Unfortunately that's just the way it is now
Keeping it at 10 minutes would make our life a lot easier, I should say, since all 4 coins on the site would be the same block times
If a fork were to happen, I would suggest merged mining. That would speed it up quite a bit, but destroy the price most likely. Otherwise I wouldn't bother changing it, but it's not up to me. I don't think they are really trying to be the new groundbreaking coin, but more of a solid system that can be used for payments
Re: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ 12 Exchange Markets ►◄ Cryptsy ►◄ PAYSHA!! ►
Correct in what the target is currently. Difficulty is making sense if you use those numbers in the math. The block count is way ahead of where we should be with that target time
Ahh, I think I get it - the diff retarget is using the current bock height versus expected block height to determine next difficulty, rather than current network block time. That explains the huge diff jump, we *should* be at block ~4400 right now
So, this coin is pretty much a clone of BTC, with 10 min block times and 2-week retarget, just with different rewards structure.
My vote goes to a fork asap. The much, much longer block times not only affect mining but all transactions on the network - BEN is now looking at 30+ minutes per confirmation which will not stand a chance against other coins if the plan is to use BEN for purchasing power through payment providers such as Paysha.
I vote for forking back to the announced coin parameters of 64 second block times, and a much shorter diff retarget, something closer to 60 blocks (~1 hour) rather than 2016. Just my $0.02
This would affect people trying to buy a soda with it, yes. However, retailers and merchants are used to 2-3 days for transfers via ACH. If it were to stay at 10 minute blocks, it would allow Paysha to process payments earlier than 6 confirmations. Also, in the long run, 10 minute block times are much more secure than 64 seconds. The other 3 coins are secured by large hashrates, Benjamins doesn't have that yet, so the longer block times would help it stay safer, if anyone cares what I think about the situation
It doesn't matter to us either way, but it is our responsibility to give pros and cons for both options as an outside observer. It's pretty close to Bitcoin's numbers, but Bitcoin also started with just CPU mining, so it is a fairly interesting idea showing the impact ASIC miners would have had on Bitcoin when it first launched
Either way, we will still process Benjamins payments, whether it forks or not