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Showing 20 of 23 results by magnebit
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Board Announcements (Altcoins)
Re: [ANN] [XEL] :: Elastic - The Decentralized Supercomputer ::
by
magnebit
on 15/08/2017, 04:19:11 UTC
I have a question on Elastic PL.  Will SHA256 and other public encryption functions in the src/nxt/crypto folder be available as ElasticPL Built-In functions?  Else, we have to rebuild these functions from scratch with the EPL native operators - ugh.

BTW, the link to the GitHub for "More Elastic PL" on elastic.pw is broken and needs to be updated.
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Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling
by
magnebit
on 15/08/2017, 03:44:04 UTC
Anyone know if C-Cex plans to add Bitcoin Cash and credit users who had BTC in their wallet at that time?  Or did C-Cex just spend it themselves?   {cryptopia did credit users - good of them.}
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Topic
Board Marketplace
Re: Restaurants accepting bitcoin!
by
magnebit
on 15/08/2017, 03:30:26 UTC
Al's Pizza accepts bitcoin now on website and in restaurant.  The waiter said that they had several online orders in BTC, but never anyone in seating.  At first, I thought Cool.  Then, I thought, why would anyone pay with bitcoin with the larger transfer cost.  $2 to pay a bill?   Bitcoin needs to bridge in Dogecoin for Point-of-Sale centers.  That is the entire purpose of Dogecoin, to reduce transaction cost.
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Topic
Board Announcements (Altcoins)
Re: LBRY.IO - DICUSSION THREAD
by
magnebit
on 15/08/2017, 03:10:33 UTC
Wish there was a web interface like STEEM - it is so easy to use.  I do not wish to download an exe that is advertised at "This software is in beta. It may crash, work unreliably, or inadvertently put a curse on your family for generations (a common programming error)".
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Topic
Board Announcements (Altcoins)
Re: [ANN][NET] - The Browser Based Blockchain - Main net December - Liqui
by
magnebit
on 15/08/2017, 01:28:51 UTC
So, it is a miner in a browser?   not the browser in the blockchain like FAI?
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Topic
Board Announcements (Altcoins)
Re: [ANN] [AIRDROP-ICO] www.PR.Network – Incentivized Real-Time Reputation Network
by
magnebit
on 15/08/2017, 00:56:09 UTC
I'm a little confused by how to use this coin.  A few questions - sorry for how many there are.

1) Do I get more credits if someone votes for a card that I created and voted for?
2) Do I get more credits if someone votes against a card that I created and voted against?
3) What happens if I create a card and vote for it, then people vote against it?  Will my vote count ever decrease in this situation?
4) Why did the voting period say 24 days this weekend - it is lower now?

5) If I am a coward and choose not to create cards, how can I increase my votes?  I continue to vote and did a survey for a few more credits.  How might my profile increase?

One last point, how do you plan to build "community".  At one level, I see that a community develops around people that vote in common.  But, how do we interact and converse, etc?  Is PR.NETWORK a starting point for other community tools like facebook?

Thanks for any response.  Good luck with the project!
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Topic
Board Announcements (Altcoins)
Re: [ANN][STEPS] Let's make a new altcoin environment
by
magnebit
on 09/02/2016, 00:20:16 UTC
Tried out the service with coin 1337 and have receive a POS stake transaction. 

Some feedback...
- Initially, the transfer of STEPS coins to my "wallet" is confusing.  I created a RECEIVE address, but that is apparently not my "wallet".  The "wallet" is under the account menu and I had to send from RECEIVE address to wallet address.  Very confusing when trying to setup\buy a POS wallet.
- I mistyped my password too many times and it froze account for a while.  This is great.  Please send email when this occurs too.

Questions:
- For how long will my POS account (that I bought for 250 STEPS) be active?  ..Pretty cheap hosting if for a long time..
- What would stop STEPS devs from running away with my POS coins?   I would guess this is like trusting coins in an exchange.
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Topic
Board Announcements (Altcoins)
Re: NXTL: Next Coin Lite - Officiall Topic - Fair Distribution
by
magnebit
on 12/04/2014, 15:48:09 UTC
4) PPS Module: Payment processing module in USD and EUR - this module will be centralized through a payment gateway. (In progress)

Exp:
You’ve created an account using a secret phrase: 13612210224060154205;

You automatically get 3 accounts, every account works with a separate module:
a) 13612210224060154205 - NXTL & Genesis’s Block decentralized module;
b) 13612210224060154205USD - centralized module through a payment gateway;
c) 13612210224060154205EUR - centralized module through a payment gateway;

All the transactions are saved in its blockchain;

Exp:
You got your new account 13612210224060154205USD, now you can: add USD to it trough a secured payment gateway, send/receive USD to/from another XXXXXXXXXXXXXXXXUSD account for instance your friends, family, etc. or withdraw them through a convenient payment gateway.
Can you explain how this could ever work?  Who and what will be a "trusted gateway" and how will the network behave if a gateway goes down (think GOX).  Is NXTL-to-USD fractional reserve at that point (last one out loses) or do NXTL-USD become worth less than real USD when you redeem at a gateway (everyone loses)? 
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Topic
Board Bitcoin Discussion
Re: The difference between Ripple and Bitcoin
by
magnebit
on 12/03/2014, 01:11:49 UTC
To back this up with some facts:
https://blockchain.info/charts/estimated-transaction-volume?daysAverageString=30 <-- 30 day transaction volume on the block chain.
http://bitcoincharts.com/markets/ <-- there are 4(!) different active closed source centralized purely trust based exchanges that have several times that volume alone, not counting others and not counting the volume that comes from sending money to and from these exchanges. Also not counting brokers like Coinbase or BitPay.
Exactly, maybe up to 20% of bitcoins (probably far less - I hope) are on a "trusted" exchange\online wallet.  We trust them only up to what we are willing to lose.  Otherwise, these coins are on USB drives, printed wallets, whatever.  I only use a trusted exchange when I have to - conversions, purchases, etc.  Else, cold storage is the way to go.
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Topic
Board Bitcoin Discussion
Re: The difference between Ripple and Bitcoin
by
magnebit
on 12/03/2014, 00:27:50 UTC
Basically, Ripple is based on Trust; and Trust is the greatest liability of all.
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Topic
Board Announcements (Altcoins)
Re: [ANN] Nxt :: descendant of Bitcoin
by
magnebit
on 26/11/2013, 02:35:15 UTC
Where does it say "You will mine the next block in X time"?  I don't see that anywhere.
Account has to be a day old (I think) and have coins for mining.  But, the mining reward = ALL FEES in the block mined.  Not much fees right now as more blocks have no transactions in them at this state of the game.  This will be a few weeks out before the new functionality comes out.
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Topic
Board Announcements (Altcoins)
Re: [ANN] Nxt :: descendant of Bitcoin
by
magnebit
on 25/11/2013, 03:30:23 UTC
This is the problem i have with POS currencies:
http://88.198.210.245:7876/?request=getBalance&account=10105875265190846103
has 10% of the NXT, and will just keep getting richer as time goes on and he/she/they collect 10% of all mined fees.  After a while they will have 11% of all the coins, and will collect 11% of all mined fees.  Wait long enough, and they will have all of the coins.

Seriously, please explain to me why this isn't a problem?

Edit: Also, nobody donated 10% of 21 BTC to that donation address.  So i can only assume that this 10% stakeholder is most likely the dev himself. Speaking of which, how many coins of the 1billion went to the dev?  I'm not trying to harass, i'm just asking for a bit of transparency here since i am now an investor as well.

Did you bother search for that account # in this thread?  It is not a user's account.  It is the unclaimed accounts from the IPO.  If those users don't come forward by Jan 3rd(?), it rolls over to the XNT faucet.

Not specified accounts replaced with corresponding hashes that will be used to claim coins later. "10105875265190846103" is the account that holds funds with incorrect or missing hashes.
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Topic
Board Announcements (Altcoins)
Re: [ANN] Nxt :: descendant of Bitcoin
by
magnebit
on 23/11/2013, 21:22:11 UTC
How to set nxt cleint up on windows?

1. Download and install http://www.oracle.com/technetwork/java/javase/downloads/jre7-downloads-1880261.html
2. Download http://88.198.210.245/Nxt.zip, don't unpack it
3. Go to a directory with Nxt.zip
4. Type
Code:
java -cp Nxt.zip Nxt
5. Open http://localhost:7875

I got it working...I had mis-understood how it works.  

Step 4 :  This step is executing for the java client.  Leave this running!

      How To in Windows....I put stuff in C:\NXT folder...Then...
      Start -> RUN -> CMD.exe  
      > cd \Nxt
      > java -cp Nxt.zip Nxt

      Place these two lines in a text file and rename NXT.CMD and all you need to do is click on it.

Step 5 : Paste "http://localhost:7875" in your browser of choice.  {Step 4 must be running!}

Seems to be working fine.  Thanks
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Topic
Board Announcements (Altcoins)
Re: [ANN] Nxt :: descendant of Bitcoin
by
magnebit
on 23/11/2013, 19:54:21 UTC
As feedback....Am getting the following error....Does this require a webserver on our PC?  I'm missing a  requirement.

- Installed Java JDK 7.0 (Standard install)
- Downloaded NXT from http://88.198.210.245/Nxt.zip

java -cp Nxt.zip Nxt  > outfile.txt

[2013-11-23 14:43:49.229] Nxt 0.1.5 started.
[2013-11-23 14:43:49.394] Genesis block id = -2662702412830904299
[2013-11-23 14:44:29.437] java.io.IOException: An established connection was aborted by the software in your host machine
[2013-11-23 14:44:49.437] java.io.IOException: An established connection was aborted by the software in your host machine
[2013-11-23 14:45:04.437] java.io.IOException: An established connection was aborted by the software in your host machine


P.S. The old version (that does not compile) is still out there...https://mega.co.nz/#!3pImwbbA!DeQTSC6Yhb5lxRsPYLOh7DF121A5DtZOTDFTUWTQqj8
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Topic
Board Altcoin Discussion
Re: Ripple price in January. And your opinion about Ripple Protocol future!
by
magnebit
on 30/09/2013, 00:36:52 UTC
The ripple currency XRP is only bootstrapping in that it is used to execute transactions in Ripple network.  Each ripple XRP unit can execute 10000 transactions.  So, you will only ever need one or two for your whole life.  Ripple currency XRP were never meant to have any real value beyond spam revention.
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Topic
Board Hardware
Re: HashFast announces specs for new ASIC: 400GH/s
by
magnebit
on 10/09/2013, 00:10:50 UTC
Interesting......I see that you can pre-order up to 9,223,372,036,854,775,807 unit at a price is $51,650,883,406,386,744,524,800.   Pity that I don't have that much   Cry
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Topic
Board Speculation
Re: September and October will be eventful.
by
magnebit
on 02/09/2013, 23:47:18 UTC
... Especially if that $500m requires 'clean bitcoins' from a known source of funds.
Sorry for off topic question, but what is meant by 'clean bitcoins'?  Is this related to coins that can be traced back to a miner source (IP), or it is related to coins involved in some prior theft?  {I searched and could not find a answer.}   Thanks in advance.
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Topic
Board Bitcoin Technical Support
Re: Bitcoin-QT Failed to read block error
by
magnebit
on 22/06/2013, 06:19:46 UTC
I downloaded bitcoin qt and everytime I try to load it says failed to read block. I have tryed uninstalling and reinstalling always get same error. Any help would be much appreciated.

I encountered the same problem (on v8.0.2) and figured out the cause.  When downloading for the first time, my antivirus (Trend Micro) was interfering with the download.  I stopped Trend (Task Manager -> uiSEAgnt.exe) and then I could download the whole blockchain without an error.  {This is easily reproducable.}   Once you get the whole blockchain, you can run Bitcoin-QT with antivirus just fine.  It has to do with the fast IO during the initial download.

At first, I was getting the "FAILED TO READ BLOCK" error randomly even 1000 blocks or so.  Start it up, and a few thousand more blocks come down - then get error again.

In the log file C:\Users\Gateway\AppData\Roaming\Bitcoin\debug.log

...
received block 000000009342a7b5d434088a48d94dc05ca2b8543f11d8042c4fa2a32f3cfad5
Unable to open file c:\bitcoin\datadir\blocks\blk00000.dat
ERROR: CBlock::ReadFromDisk() : OpenBlockFile failed
*** Failed to read block
connection timeout
ERROR: AcceptBlock() : AddToBlockIndex failed
ERROR: ProcessBlock() : AcceptBlock FAILED
received block 00000000b4faa2facc1e5f54978b5c4cc770457d0ce921ac7c8a45d766e0858a
addcon thread interrupt
dumpaddr thread stop
SetBestChain: new best=000000009342a7b5d434088a48d94dc05ca2b8543f11d8042c4fa2a32f3cfad5  height=366  log2_work=40.519658  tx=374  date=2009-01-13 19:56:49 progress=0.000008
msghand thread interrupt
net thread interrupt
connection timeout
opencon thread interrupt
Flush(false)


I started up an old version 6 Bitcoin client.  It too got the error; which is odd since I've used it on the same computer last year.  Then, I stopped the Antivirus and it downloaded the whole blockchain fine with version 8.0.2.

Again, once you get the full download, I have not seen the problem with the Antivirus running.  The IO is much slower with the higher blocks.

Hope this helps others...
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Topic
Board Altcoin Discussion
Re: LTC fork?
by
magnebit
on 06/04/2013, 13:59:36 UTC
Has Litecoin forked? I'm hearing over at BTC-E that Litecoin has forked?

Is this true or a load of lies?


The "fork" issue that occurred to Bitcoin is in the Litecoin code, but it only affects people who are mining.  The users are fine (as I understand that issue).  Blocks mined with a certain setting are dis-regarded by the bulk of clients as they do not have that setting.  Any fork (if someone went out of their way to do it), would be short-lived and not effect transactions being processed on the main fork.  It appears there are plans to patch in future lease.  Read on other thread at https://bitcointalk.org/index.php?topic=47417.msg1726129#msg1726129
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Topic
Board Service Announcements
Re: New website for buying Dominos Pizza with BTC! In Beta!
by
magnebit
on 23/03/2013, 00:53:25 UTC
DANG IT! i had this same idea months ago, but had no way to implement it. well done.

We had the same problem. Had the idea for a few months and finally figured out how to do it. Its live if you hadnt heard! Order away! Smiley

Any requests are welcomed!

http://pizzaforcoins.com

In case you missed it, your pizza site got mention on page 1 of "Money and Investing" section of the Wall Street Journal today.  Article is on "Web Money Gets Lsaundering Rules", but your site got a call out.  Nice!