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Showing 20 of 21 results by jasonv75
Reaching consensus on this "event" won't be an easy task, if not impossible.
And if you get rid of transaction history periodically, what argument is left to get rid of all transactions all together and only rely on balance amounts?
J.V.
And if you get rid of transaction history periodically, what argument is left to get rid of all transactions all together and only rely on balance amounts?
J.V.
Crypto isn't morality, but the radical free market structure in this new environment will eventually lead to moral behaviour through the laws of behavioural incentives.
There are huge incentives to capitalise on ignorance, however these actors won't be around for long. Because where ever there is an inefficiency, there is incentives to counter them. Investing blindly in scams with devs with no reputation or even completely nameless actors is being punished while investing in well
vetted projects with realistic promises and a solid model are rewarded. So there is a behavioural shift occurring and there is a market of trust being built.
The scams will eventually diminish to a minimum and thats also when mass adoption is going to happen. Instead of capitalising on peoples ignorance by scamming them, people will do so by providing a reputational platform (for a fee of course). Like gateways for the masses.
I don't know how far away we are, but we are definitely moving in that direction.
J.V.
There are huge incentives to capitalise on ignorance, however these actors won't be around for long. Because where ever there is an inefficiency, there is incentives to counter them. Investing blindly in scams with devs with no reputation or even completely nameless actors is being punished while investing in well
vetted projects with realistic promises and a solid model are rewarded. So there is a behavioural shift occurring and there is a market of trust being built.
The scams will eventually diminish to a minimum and thats also when mass adoption is going to happen. Instead of capitalising on peoples ignorance by scamming them, people will do so by providing a reputational platform (for a fee of course). Like gateways for the masses.
I don't know how far away we are, but we are definitely moving in that direction.
J.V.
How do install if for windows? I can't find the "vector-qt.exe" file 
Yea I'll get that done!
what algo and objectives of this coin ?
Algo: Thor's riddle
(shavite, skein, shabal and Gost)
Source:
https://github.com/veltor
Bounty:
GUI (Graphical User Interface) for the new codebase, PM for details and if you are interested in contributing.
Reward of 490 VLT
https://github.com/veltor/veltor-old
(This is the legacy codebase, built on bitcoin. A coin swap is going to take place once the new codebase, built from scratch, is operational)
Windows:
https://mega.nz/#!6MVFlTiL!JKsj6aC1HOievwSbKx7IJ_EqN-RemBJk6kSCRAL8ukQ
Block time: 30min
Website: http://www.veltor.org
Twitter: https://twitter.com/Veltor_Official
Unofficial Twitter: https://twitter.com/VeltorPR
Reddit: https://www.reddit.com/r/Veltor/
Block Explorers:
http://block.veltor.org:8080
http://yiimp.ccminer.org/explorer/VLT
http://www.zpool.ca/explorer/VLT
Slack chat:
Please PM me your email for access.
Nodes:
Add the following in your Veltor.conf file:
Code:
addnode=2a01:4f8:201:6211::2101
addnode=78.94.32.195
addnode=2001:41d0:8:250e::
addnode=veltor.suprnova.cc
addnode=178.33.228.14
addnode=144.76.237.39
addnode=78.94.32.195
addnode=2001:41d0:8:250e::
addnode=veltor.suprnova.cc
addnode=178.33.228.14
addnode=144.76.237.39
If you don't have one, just create one.
OR run
Code:
addnode add
In the command one by one.Pools:
http://yiimp.ccminer.org
http://www.zpool.ca/site/gomining?algo=veltor
https://veltor.suprnova.cc
CPU Miners:
https://github.com/ocminer/cpuminer-veltor use "-a sib"
cpuminer-opt: https://bitcointalk.org/index.php?topic=1326803.0
GPU Miner (NVIDIA) by ocminer:
https://github.com/ocminer/ccminer-veltor
use "-a sib"
GPU Miner (AMD) by Epsylon3:
Source: https://github.com/tpruvot/sgminer/tree/veltor
Compiled exe: https://mega.nz/#!SJ80nDCL!EfZGFCVl90pQPJdhFTVpvNq3iweEQIXnAPVEVehgEuI
CCminer by Tpruvot:
http://ccminer.org/preview/ccminer-rel1.8.2-veltor-x64.7z
Exchange:
Alcurex: https://alcurex.com/#VLT-BTC
Yobit: https://yobit.net/en/trade/VLT/BTC
Holy shit! Thanks for that!
Yep, that post by DannyHamilton indeed was very useful and educational.
Compressed and easy to understand information like that is rare!
Would have taken me days to figure out how the conversion would work step by step like that.
Would have taken me days to figure out how the conversion would work step by step like that.
Honestly guys, all I did was read these two pages:
https://en.bitcoin.it/wiki/Technical_background_of_version_1_Bitcoin_addresses
https://en.bitcoin.it/wiki/Base58Check_encoding
And re-state it in terms of the particular RIPEMD160 hashes that were being asked about (all zeros, and all zeros except the last byte).
Ok... yea I feel a bit stupid now. lol
Holy shit! Thanks for that!
Yep, that post by DannyHamilton indeed was very useful and educational.
Compressed and easy to understand information like that is rare!
Would have taken me days to figure out how the conversion would work step by step like that.
What confuses me the most is that hex 0000000000000000000000000000000000000000 is 1111111111111111111114oLvT2 (27 characters) but hex 0000000000000000000000000000000000000001 is 11111111111111111111BZbvjr (26 characters).
20 zeroes in the beginning of the BTC address payoad results in an address of length 27.
19 zeroes in the beginning of the BTC address payload and then byte with decimal value of 1 results in an address of length 26.
But now all of sudden 17 zeroes in the beginning followed by the byte with value 1 results in an address of length 27 again.
What logic is there? It is said that the number of 1s in the beginning of the address depends on the number of zeroes in the beginning of the address payload but this dependency is no way trivial.
20 zeroes in the beginning of the BTC address payoad results in an address of length 27.
19 zeroes in the beginning of the BTC address payload and then byte with decimal value of 1 results in an address of length 26.
But now all of sudden 17 zeroes in the beginning followed by the byte with value 1 results in an address of length 27 again.
What logic is there? It is said that the number of 1s in the beginning of the address depends on the number of zeroes in the beginning of the address payload but this dependency is no way trivial.
Lets walk through the steps and see what happens:
Starting with an RIPEMD-160 hash of 20 bytes that are all 0's...
0000000000000000000000000000000000000000
Add a version byte in front (in the case of a P2PKH address, that would be a byte with value 0).
000000000000000000000000000000000000000000
Now we have 21 bytes that are all 0's.
Calculate a checksum on this value:
Code:
SHA256(SHA256(000000000000000000000000000000000000000000)) =
94a00911c4da27f9271727ffa7a14d8d5588fc0fff9964340ec4065f387e622b
94a00911c4da27f9271727ffa7a14d8d5588fc0fff9964340ec4065f387e622b
Append the first 4 bytes (8 characters) of the checksum to the RIPEMD-160 hash with version byte:
00000000000000000000000000000000000000000094a00911
Temporarily ignore leading zero bytes:
94a00911
Convert the value from hex to base58:
0x94a00911 =
4oLvT2 (base 58)
Each LEADING 00 BYTE is replaced with a single 1:
Code:
00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Concatenate 21 ones with 6 base58 digits:
1111111111111111111114oLvT2
21 "ones" plus 6 base58 digits = 27 characters
Now lets try the same with 19 zeros and a bytes with value 1...
0000000000000000000000000000000000000001
Add a version byte in front (in the case of a P2PKH address, that would be a byte with value 0).
000000000000000000000000000000000000000001
Now we have 20 bytes that are all 0's, followed by a byte that is represented in hex as "01"
Calculate a checksum on this value:
Code:
SHA256(SHA256(000000000000000000000000000000000000000001)) =
9d35b5b9d5befcf2d6b89994f7f64279b0645d5d4a5f1a6fa2dcc615bbed04ef
9d35b5b9d5befcf2d6b89994f7f64279b0645d5d4a5f1a6fa2dcc615bbed04ef
Append the first 4 bytes (8 characters) of the checksum to the RIPEMD-160 hash with version byte:
0000000000000000000000000000000000000000019d35b5b9
Temporarily ignore leading zero bytes:
019d35b5b9
Convert the value from hex to base58:
0x019d35b5b9 =
BZbvjr (base 58)
Each LEADING 00 BYTE is replaced with a single 1:
Code:
00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Concatenate 20 ones with 6 base58 digits:
111111111111111111111BZbvjr
20 "ones" plus 6 base58 digits = 26 characters
(notice that the number of leading 0 bytes was decreased by 1 because the last byte was now a 01, however the number of base58 digits didn't increase since both 0x94a00911 and 0x019d35b5b9 can be represented with 6 base58 digits (4oLvT2 and BZbvjr respectively).
Holy shit! Thanks for that!
Re: What is the next most demanding cryptocurrency and blockchain feature?
True anonymity is going to be a challenge, while also keeping the network efficient and not bloating.
I guess true anonymous system will be banned by governments. So it is a very small dark niche.They won't be able to ban it, how are you going to ban math?
I read that Bitcoin has node incentive problems, meaning people don't get rewarded for running a node... are there any good coins out there that have solved that problem in a simple jet effective manner?
There are many altcoins out there however not everyone of them have good stats right now. Altcoin with good and active dev team with enough fund to promote their services overseas get good attention worldwide while other fails.
But security in network is also very critical for popularity and trust. Just read about recent DAO hack and how that have effected ETH market.
But security in network is also very critical for popularity and trust. Just read about recent DAO hack and how that have effected ETH market.
Yea, I read about the DAO hack.
It really wasn't a hack, the contract simply wasn't waterproof.
But thats often a problem with new languages like Solidity.
What are the most interesting alternatives "Bitcoin" coins currently out there and worth studying?
The Cryptonote coins, more specifically Monero: https://www.youtube.com/watch?v=YVlQE-ObEXk
Thank you! I'll look in to it.