New England New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/ NewEnglandcoin Symbol: NENG NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones. Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt. 1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377 NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number Bitcoin Fork - Suitable for Home Hobbyists NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs. The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity. MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018) https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software. Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%. NENG v1.4.0 release enabled CPU mining inside android phones. Youtube Video Tutorial How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG. We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange. Twitter Airdrop Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners Graphic Redesign Bounty Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form. Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues. Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1 Milestones
Sep 3, 2018 - Genesis block was mined, NewEnglandcoin created
Sep 8, 2018 - github source uploaded, Window wallet development work started
Sep 11,2018 - Window Qt Graphic wallet completed
Sep 12,2018 - NewEnglandcoin Launched in both Bitcointalk forum and Marinecoin forum
Sep 14,2018 - NewEnglandcoin is listed at ShorelineCrypto Exchange
Sep 17,2018 - Block Explorer is up
Nov 23,2018 - New Source/Wallet Release v1.1.1 - Enabled Dynamic Addjustment on Mining Hashing Difficulty
Nov 28,2018 - NewEnglandcoin became CPU minable coin
Nov 30,2018 - First Retail Real Life usage for NewEnglandcoin Announced
Dec 28,2018 - Cheetah_Cpuminer under Linux is released
Dec 31,2018 - NENG Technical Whitepaper is released
Jan 2,2019 - Cheetah_Cpuminer under Windows is released
Jan 12,2019 - NENG v1.1.2 is released to support MacOS GUI CLI Wallet
Jan 13,2019 - Cheetah_CpuMiner under Mac is released
Feb 11,2019 - NewEnglandcoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork
Mar 16,2019 - NewEnglandcoin v220.127.116.11 Released - Ubuntu 18.04 Wallet Binary Files
Apr 7, 2019 - NENG Report on Security, Decentralization, Valuation
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto
Sep 1, 2019 - Shoreline Tradingbot project is Launched by ShorelineCrypto
Dec 19, 2019 - Shoreline Tradingbot v1.0 is Released by ShorelineCrypto
Jan 30, 2020 - Scrypt RandomSpike - NENG v1.3.0 Hardfork Proposed
Feb 24, 2020 - Scrypt RandomSpike - NENG core v1.3.0 Released
Jun 19, 2020 - Linux scripts for Futurebit Moonlander2 USB ASIC on solo mining Released
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining and Ubuntu 20.04 support
Jul 21, 2020 - NENG v18.104.22.168 Released for MacOS Wallet Upgrade with Catalina
Jul 30, 2020 - NENG v22.214.171.124 Released for Linux Wallet Upgrade with 8 Distros
Aug 11, 2020 - NENG v126.96.36.199 Released for Android arm64 Upgrade, Chromebook Support
Aug 30, 2020 - NENG v188.8.131.52 Released for Android/Chromebook with armhf, better hardware support
2018 Q3 - Birth of NewEnglandcoin, window/linux wallet - Done
2018 Q4 - Decentralization Phase I
Blockchain Upgrade - Dynamic hashing algorithm I - Done
Cheetah Version I- CPU Mining Automation Tool on Linux - Done
2019 Q1 - Decentralization Phase II
Cheetah Version II- CPU Mining Automation Tool on Window/Linux - Done
Blockchain Upgrade Dynamic hashing algorithm II - Done
2019 Q2 - Fiat Phase I
Assessment of Risk of 51% Attack on NENG - done
Launch of Fiat USD/NENG offering for U.S. residents - done
Initiation of Mobile Miner Project - Done
2019 Q3 - Shoreline Tradingbot, Mobile Project
Evaluation and planning of Mobile Miner Project - on Hold
Initiation of Trading Bot Project - Done
2019 Q4 - Shoreline Tradingbot
Shoreline tradingbot Release v1.0 - Done
2020 Q1 - Evaluate NENG core, Mobile Wallet Phase I
NENG core Decentralization Security Evaluation for v1.3.x - Done
Light Mobile Wallet Project Initiation, Evaluation
2020 Q2 - NENG Core, Mobile Wallet Phase II
NENG core Decentralization Security Hardfork on v1.3.x - Scrypt RandomSpike
Light Mobile Wallet Project Design, Coding
2020 Q3 - NENG core, NENG Mobile Wallet Phase II
Review on results of v1.3.x, NENG core Dev Decision on v1.4.x, Hardfork If needed
Light Mobile Wallet Project testing, alpha Release
2020 Q4 - Mobile Wallet Phase III
Light Mobile Wallet Project Beta Release
Light Mobile Wallet Server Deployment Evaluation and Decision
Dear Groestlers, it goes without saying that 2020 has been a difficult time for millions of people worldwide. The groestlcoin team would like to take this opportunity to wish everyone our best to everyone coping with the direct and indirect effects of COVID-19. Let it bring out the best in us all and show that collectively, we can conquer anything. The centralised banks and our national governments are facing unprecedented times with interest rates worldwide dropping to record lows in places. Rest assured that this can only strengthen the fundamentals of all decentralised cryptocurrencies and the vision that was seeded with Satoshi's Bitcoin whitepaper over 10 years ago. Despite everything that has been thrown at us this year, the show must go on and the team will still progress and advance to continue the momentum that we have developed over the past 6 years. In addition to this, we'd like to remind you all that this is Groestlcoin's 6th Birthday release! In terms of price there have been some crazy highs and lows over the years (with highs of around $2.60 and lows of $0.000077!), but in terms of value– Groestlcoin just keeps getting more valuable! In these uncertain times, one thing remains clear – Groestlcoin will keep going and keep innovating regardless. On with what has been worked on and completed over the past few months.
UPDATED - Groestlcoin Core 2.18.2
This is a major release of Groestlcoin Core with many protocol level improvements and code optimizations, featuring the technical equivalent of Bitcoin v0.18.2 but with Groestlcoin-specific patches. On a general level, most of what is new is a new 'Groestlcoin-wallet' tool which is now distributed alongside Groestlcoin Core's other executables. NOTE: The 'Account' API has been removed from this version which was typically used in some tip bots. Please ensure you check the release notes from 2.17.2 for details on replacing this functionality.
Builds are now done through Gitian
Calls to getblocktemplate will fail if the segwit rule is not specified. Calling getblocktemplate without segwit specified is almost certainly a misconfiguration since doing so results in lower rewards for the miner. Failed calls will produce an error message describing how to enable the segwit rule.
A warning is printed if an unrecognized section name is used in the configuration file. Recognized sections are [test], [main], and [regtest].
Four new options are available for configuring the maximum number of messages that ZMQ will queue in memory (the "high water mark") before dropping additional messages. The default value is 1,000, the same as was used for previous releases.
The rpcallowip option can no longer be used to automatically listen on all network interfaces. Instead, the rpcbind parameter must be used to specify the IP addresses to listen on. Listening for RPC commands over a public network connection is insecure and should be disabled, so a warning is now printed if a user selects such a configuration. If you need to expose RPC in order to use a tool like Docker, ensure you only bind RPC to your localhost, e.g. docker run [...] -p 127.0.0.1:1441:1441 (this is an extra :1441 over the normal Docker port specification).
The rpcpassword option now causes a startup error if the password set in the configuration file contains a hash character (#), as it's ambiguous whether the hash character is meant for the password or as a comment.
The whitelistforcerelay option is used to relay transactions from whitelisted peers even when not accepted to the mempool. This option now defaults to being off, so that changes in policy and disconnect/ban behavior will not cause a node that is whitelisting another to be dropped by peers.
A new short about the JSON-RPC interface describes cases where the results of anRPC might contain inconsistencies between data sourced from differentsubsystems, such as wallet state and mempool state.
A new document introduces Groestlcoin Core's BIP174 interface, which is used to allow multiple programs to collaboratively work to create, sign, and broadcast new transactions. This is useful for offline (cold storage) wallets, multisig wallets, coinjoin implementations, and many other cases where two or more programs need to interact to generate a complete transaction.
The output script descriptor (https://github.com/groestlcoin/groestlcoin/blob/mastedoc/descriptors.md) documentation has been updated with information about new features in this still-developing language for describing the output scripts that a wallet or other program wants to receive notifications for, such as which addresses it wants to know received payments. The language is currently used in multiple new and updated RPCs described in these release notes and is expected to be adapted to other RPCs and to the underlying wallet structure.
A new --disable-bip70 option may be passed to ./configure to prevent Groestlcoin-Qt from being built with support for the BIP70 payment protocol or from linking libssl. As the payment protocol has exposed Groestlcoin Core to libssl vulnerabilities in the past, builders who don't need BIP70 support are encouraged to use this option to reduce their exposure to future vulnerabilities.
The minimum required version of Qt (when building the GUI) has been increased from 5.2 to 5.5.1 (the depends system provides 5.9.7)
getnodeaddresses returns peer addresses known to this node. It may be used to find nodes to connect to without using a DNS seeder.
listwalletdir returns a list of wallets in the wallet directory (either the default wallet directory or the directory configured bythe -walletdir parameter).
getrpcinfo returns runtime details of the RPC server. Currently, it returns an array of the currently active commands and how long they've been running.
deriveaddresses returns one or more addresses corresponding to an output descriptor.
getdescriptorinfo accepts a descriptor and returns information aboutit, including its computed checksum.
joinpsbts merges multiple distinct PSBTs into a single PSBT. The multiple PSBTs must have different inputs. The resulting PSBT will contain every input and output from all the PSBTs. Any signatures provided in any of the PSBTs will be dropped.
analyzepsbt examines a PSBT and provides information about what the PSBT contains and the next steps that need to be taken in order to complete the transaction. For each input of a PSBT, analyze psbt provides information about what information is missing for that input, including whether a UTXO needs to be provided, what pubkeys still need to be provided, which scripts need to be provided, and what signatures are still needed. Every input will also list which role is needed to complete that input, and analyzepsbt will also list the next role in general needed to complete the PSBT. analyzepsbt will also provide the estimated fee rate and estimated virtual size of the completed transaction if it has enough information to do so.
utxoupdatepsbt searches the set of Unspent Transaction Outputs (UTXOs) to find the outputs being spent by the partial transaction. PSBTs need to have the UTXOs being spent to be provided because the signing algorithm requires information from the UTXO being spent. For segwit inputs, only the UTXO itself is necessary. For non-segwit outputs, the entire previous transaction is needed so that signers can be sure that they are signing the correct thing. Unfortunately, because the UTXO set only contains UTXOs and not full transactions, utxoupdatepsbt will only add the UTXO for segwit inputs.
getpeerinfo now returns an additional minfeefilter field set to the peer's BIP133 fee filter. You can use this to detect that you have peers that are willing to accept transactions below the default minimum relay fee.
The mempool RPCs, such as getrawmempool with verbose=true, now return an additional "bip125-replaceable" value indicating whether thetransaction (or its unconfirmed ancestors) opts-in to asking nodes and miners to replace it with a higher-feerate transaction spending any of the same inputs.
settxfee previously silently ignored attempts to set the fee below the allowed minimums. It now prints a warning. The special value of"0" may still be used to request the minimum value.
getaddressinfo now provides an ischange field indicating whether the wallet used the address in a change output.
importmulti has been updated to support P2WSH, P2WPKH, P2SH-P2WPKH, and P2SH-P2WSH. Requests for P2WSH and P2SH-P2WSH accept an additional witnessscript parameter.
importmulti now returns an additional warnings field for each request with an array of strings explaining when fields are being ignored or are inconsistent, if there are any.
getaddressinfo now returns an additional solvable Boolean field when Groestlcoin Core knows enough about the address's scriptPubKey, optional redeemScript, and optional witnessScript for the wallet to be able to generate an unsigned input spending funds sent to that address.
The getaddressinfo, listunspent, and scantxoutset RPCs now return an additional desc field that contains an output descriptor containing all key paths and signing information for the address (except for the private key). The desc field is only returned for getaddressinfo and listunspent when the address is solvable.
importprivkey will preserve previously-set labels for addresses or public keys corresponding to the private key being imported. For example, if you imported a watch-only address with the label "coldwallet" in earlier releases of Groestlcoin Core, subsequently importing the private key would default to resetting the address's label to the default empty-string label (""). In this release, the previous label of "cold wallet" will be retained. If you optionally specify any label besides the default when calling importprivkey, the new label will be applied to the address.
getmininginfo now omits currentblockweight and currentblocktx when a block was never assembled via RPC on this node.
The getrawtransaction RPC & REST endpoints no longer check the unspent UTXO set for a transaction. The remaining behaviors are as follows:
If a blockhash is provided, check the corresponding block.
If no blockhash is provided, check the mempool.
If no blockhash is provided but txindex is enabled, also check txindex.
unloadwallet is now synchronous, meaning it will not return until the wallet is fully unloaded.
importmulti now supports importing of addresses from descriptors. A desc parameter can be provided instead of the "scriptPubKey" in are quest, as well as an optional range for ranged descriptors to specify the start and end of the range to import. Descriptors with key origin information imported through importmulti will have their key origin information stored in the wallet for use with creating PSBTs.
listunspent has been modified so that it also returns witnessScript, the witness script in the case of a P2WSH orP2SH-P2WSH output.
createwallet now has an optional blank argument that can be used to create a blank wallet. Blank wallets do not have any keys or HDseed. They cannot be opened in software older than 2.18.2. Once a blank wallet has a HD seed set (by using sethdseed) or private keys, scripts, addresses, and other watch only things have been imported, the wallet is no longer blank and can be opened in 2.17.2. Encrypting a blank wallet will also set a HD seed for it.
signrawtransaction is removed after being deprecated and hidden behind a special configuration option in version 2.17.2.
The 'account' API is removed after being deprecated in v2.17.2 The 'label' API was introduced in v2.17.2 as a replacement for accounts. See the release notes from v2.17.2 for a full description of the changes from the 'account' API to the 'label' API.
addwitnessaddress is removed after being deprecated in version 2.16.0.
generate is deprecated and will be fully removed in a subsequent major version. This RPC is only used for testing, but its implementation reached across multiple subsystems (wallet and mining), so it is being deprecated to simplify the wallet-node interface. Projects that are using generate for testing purposes should transition to using the generatetoaddress RPC, which does not require or use the wallet component. Calling generatetoaddress with an address returned by the getnewaddress RPC gives the same functionality as the old generate RPC. To continue using generate in this version, restart groestlcoind with the -deprecatedrpc=generate configuration option.
Be reminded that parts of the validateaddress command have been deprecated and moved to getaddressinfo. The following deprecated fields have moved to getaddressinfo: ismine, iswatchonly,script, hex, pubkeys, sigsrequired, pubkey, embedded,iscompressed, label, timestamp, hdkeypath, hdmasterkeyid.
The addresses field has been removed from the validateaddressand getaddressinfo RPC methods. This field was confusing since it referred to public keys using their P2PKH address. Clients should use the embedded.address field for P2SH or P2WSH wrapped addresses, and pubkeys for inspecting multisig participants.
A new /rest/blockhashbyheight/ endpoint is added for fetching the hash of the block in the current best blockchain based on its height (how many blocks it is after the Genesis Block).
A new Window menu is added alongside the existing File, Settings, and Help menus. Several items from the other menus that opened new windows have been moved to this new Window menu.
In the Send tab, the checkbox for "pay only the required fee" has been removed. Instead, the user can simply decrease the value in the Custom Fee rate field all the way down to the node's configured minimumrelay fee.
In the Overview tab, the watch-only balance will be the only balance shown if the wallet was created using the createwallet RPC and thedisable_private_keys parameter was set to true.
The launch-on-startup option is no longer available on macOS if compiled with macosx min version greater than 10.11 (useCXXFLAGS="-mmacosx-version-min=10.11" CFLAGS="-mmacosx-version-min=10.11" for setting the deployment sdkversion)
A new groestlcoin-wallet tool is now distributed alongside Groestlcoin Core's other executables. Without needing to use any RPCs, this tool can currently create a new wallet file or display some basic information about an existing wallet, such as whether the wallet is encrypted, whether it uses an HD seed, how many transactions it contains, and how many address book entries it has.
Since version 2.16.0, Groestlcoin Core's built-in wallet has defaulted to generating P2SH-wrapped segwit addresses when users want to receive payments. These addresses are backwards compatible with all widely used software. Starting with Groestlcoin Core 2.20.1 (expected about a year after 2.18.2), Groestlcoin Core will default to native segwitaddresses (bech32) that provide additional fee savings and other benefits. Currently, many wallets and services already support sending to bech32 addresses, and if the Groestlcoin Core project sees enough additional adoption, it will instead default to bech32 receiving addresses in Groestlcoin Core 2.19.1. P2SH-wrapped segwit addresses will continue to be provided if the user requests them in the GUI or by RPC, and anyone who doesn't want the update will be able to configure their default address type. (Similarly, pioneering users who want to change their default now may set the addresstype=bech32 configuration option in any Groestlcoin Core release from 2.16.0 up.)
BIP 61 reject messages are now deprecated. Reject messages have no use case on the P2P network and are only logged for debugging by most network nodes. Furthermore, they increase bandwidth and can be harmful for privacy and security. It has been possible to disable BIP 61 messages since v2.17.2 with the -enablebip61=0 option. BIP 61 messages will be disabled by default in a future version, before being removed entirely.
The submitblock RPC previously returned the reason a rejected block was invalid the first time it processed that block but returned a generic "duplicate" rejection message on subsequent occasions it processed the same block. It now always returns the fundamental reason for rejecting an invalid block and only returns "duplicate" for valid blocks it has already accepted.
A new submitheader RPC allows submitting block headers independently from their block. This is likely only useful for testing.
The signrawtransactionwithkey and signrawtransactionwithwallet RPCs have been modified so that they also optionally accept a witnessScript, the witness script in the case of a P2WSH orP2SH-P2WSH output. This is compatible with the change to listunspent.
For the walletprocesspsbt and walletcreatefundedpsbt RPCs, if thebip32derivs parameter is set to true but the key metadata for a public key has not been updated yet, then that key will have a derivation path as if it were just an independent key (i.e. no derivation path and its master fingerprint is itself).
The -usehd configuration option was removed in version 2.16.0 From that version onwards, all new wallets created are hierarchical deterministic wallets. This release makes specifying -usehd an invalid configuration option.
This release allows peers that your node automatically disconnected for misbehaviour (e.g. sending invalid data) to reconnect to your node if you have unused incoming connection slots. If your slots fill up, a misbehaving node will be disconnected to make room for nodes without a history of problems (unless the misbehaving node helps your node in some other way, such as by connecting to a part of the Internet from which you don't have many other peers). Previously, Groestlcoin Core banned the IP addresses of misbehaving peers for a period (default of 1 day); this was easily circumvented by attackers with multiple IP addresses. If you manually ban a peer, such as by using the setban RPC, all connections from that peer will still be rejected.
The key metadata will need to be upgraded the first time that the HDseed is available. For unencrypted wallets this will occur on wallet loading. For encrypted wallets this will occur the first time the wallet is unlocked.
Newly encrypted wallets will no longer require restarting the software. Instead such wallets will be completely unloaded and reloaded to achieve the same effect.
A sub-project of Bitcoin Core now provides Hardware Wallet Interaction (HWI) scripts that allow command-line users to use several popular hardware key management devices with Groestlcoin Core. See their project page for details.
This release changes the Random Number Generator (RNG) used from OpenSSL to Groestlcoin Core's own implementation, although entropy gathered by Groestlcoin Core is fed out to OpenSSL and then read back in when the program needs strong randomness. This moves Groestlcoin Core a little closer to no longer needing to depend on OpenSSL, a dependency that has caused security issues in the past. The new implementation gathers entropy from multiple sources, including from hardware supporting the rdseed CPU instruction.
On macOS, Groestlcoin Core now opts out of application CPU throttling ("app nap") during initial blockchain download, when catching up from over 100 blocks behind the current chain tip, or when reindexing chain data. This helps prevent these operations from taking an excessively long time because the operating system is attempting to conserve power.
How to Upgrade?
Windows If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), then run the installer. OSX If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), run the dmg and drag Groestlcoin Core to Applications. Ubuntu http://groestlcoin.org/forum/index.php?topic=441.0
ALL NEW - Groestlcoin Moonshine iOS/Android Wallet
Built with React Native, Moonshine utilizes Electrum-GRS's JSON-RPC methods to interact with the Groestlcoin network. GRS Moonshine's intended use is as a hot wallet. Meaning, your keys are only as safe as the device you install this wallet on. As with any hot wallet, please ensure that you keep only a small, responsible amount of Groestlcoin on it at any given time.
Groestlcoin Mainnet & Testnet supported
Multiple wallet support
Electrum - Support for both random and custom peers
Biometric + Pin authentication
Custom fee selection
Import mnemonic phrases via manual entry or scanning
BIP39 Passphrase functionality
Support for Segwit-compatible & legacy addresses in settings
Support individual private key sweeping
UTXO blacklisting - Accessible via the Transaction Detail view, this allows users to blacklist any utxo that they do not wish to include in their list of available utxo's when sending transactions. Blacklisting a utxo excludes its amount from the wallet's total balance.
Ability to Sign & Verify Messages
Support BitID for password-free authentication
Coin Control - This can be accessed from the Send Transaction view and basically allows users to select from a list of available UTXO's to include in their transaction.
HODL GRS connects directly to the Groestlcoin network using SPV mode and doesn't rely on servers that can be hacked or disabled. HODL GRS utilizes AES hardware encryption, app sandboxing, and the latest security features to protect users from malware, browser security holes, and even physical theft. Private keys are stored only in the secure enclave of the user's phone, inaccessible to anyone other than the user. Simplicity and ease-of-use is the core design principle of HODL GRS. A simple recovery phrase (which we call a Backup Recovery Key) is all that is needed to restore the user's wallet if they ever lose or replace their device. HODL GRS is deterministic, which means the user's balance and transaction history can be recovered just from the backup recovery key.
Simplified payment verification for fast mobile performance
Groestlcoin Seed Savior is a tool for recovering BIP39 seed phrases. This tool is meant to help users with recovering a slightly incorrect Groestlcoin mnemonic phrase (AKA backup or seed). You can enter an existing BIP39 mnemonic and get derived addresses in various formats. To find out if one of the suggested addresses is the right one, you can click on the suggested address to check the address' transaction history on a block explorer.
If a word is wrong, the tool will try to suggest the closest option.
If a word is missing or unknown, please type "?" instead and the tool will find all relevant options.
NOTE: NVidia GPU or any CPU only. AMD graphics cards will not work with this address generator. VanitySearch is a command-line Segwit-capable vanity Groestlcoin address generator. Add unique flair when you tell people to send Groestlcoin. Alternatively, VanitySearch can be used to generate random addresses offline. If you're tired of the random, cryptic addresses generated by regular groestlcoin clients, then VanitySearch is the right choice for you to create a more personalized address. VanitySearch is a groestlcoin address prefix finder. If you want to generate safe private keys, use the -s option to enter your passphrase which will be used for generating a base key as for BIP38 standard (VanitySearch.exe -s "My PassPhrase" FXPref). You can also use VanitySearch.exe -ps "My PassPhrase" which will add a crypto secure seed to your passphrase. VanitySearch may not compute a good grid size for your GPU, so try different values using -g option in order to get the best performances. If you want to use GPUs and CPUs together, you may have best performances by keeping one CPU core for handling GPU(s)/CPU exchanges (use -t option to set the number of CPU threads).
Fixed size arithmetic
Fast Modular Inversion (Delayed Right Shift 62 bits)
SecpK1 Fast modular multiplication (2 steps folding 512bits to 256bits using 64 bits digits)
Use some properties of elliptic curve to generate more keys
SSE Secure Hash Algorithm SHA256 and RIPEMD160 (CPU)
Groestlcoin EasyVanity 2020 is a windows app built from the ground-up and makes it easier than ever before to create your very own bespoke bech32 address(es) when whilst not connected to the internet. If you're tired of the random, cryptic bech32 addresses generated by regular Groestlcoin clients, then Groestlcoin EasyVanity2020 is the right choice for you to create a more personalised bech32 address. This 2020 version uses the new VanitySearch to generate not only legacy addresses (F prefix) but also Bech32 addresses (grs1 prefix).
Ability to continue finding keys after first one is found
Includes warning on start-up if connected to the internet
Ability to output keys to a text file (And shows button to open that directory)
Show and hide the private key with a simple toggle switch
Show full output of commands
Ability to choose between Processor (CPU) and Graphics Card (GPU) ( NVidia ONLY! )
Features both a Light and Dark Material Design-Style Themes
Free software - MIT. Anyone can audit the code.
Written in C# - The code is short, and easy to review.
Groestlcoin WPF is an alternative full node client with optional lightweight 'thin-client' mode based on WPF. Windows Presentation Foundation (WPF) is one of Microsoft's latest approaches to a GUI framework, used with the .NET framework. Its main advantages over the original Groestlcoin client include support for exporting blockchain.dat and including a lite wallet mode. This wallet was previously deprecated but has been brought back to life with modern standards.
Works via TOR or SOCKS5 proxy
Can use bootstrap.dat format as blockchain database
Import/Export blockchain to/from bootstrap.dat
Import wallet.dat from Groestlcoin-qt wallet
Export wallet to wallet.dat
Use both groestlcoin-wpf and groestlcoin-qt with the same addresses in parallel. When you send money from one program, the transaction will automatically be visible on the other wallet.
Rescan blockchain with a simple mouse click
Works as a full node and listens to port 1331 (listening port can be changed)
Fast Block verifying, parallel processing on multi-core CPUs
Mine Groestlcoins with your CPU by a simple mouse click
All private keys are kept encrypted on your local machine (or on a USB stick)
Lite - Has a lightweight "thin client" mode which does not require a new user to download the entire Groestlcoin chain and store it
Free and decentralised - Open Source under GNU license
Fixed Import/Export to wallet.dat
Rescan wallet option
Change wallet password option
Address type and Change type options through *.conf file
Import from bootstrap.dat - It is a flat, binary file containing Groestlcoin blockchain data, from the genesis block through a recent height. All versions automatically validate and import the file "grs.bootstrap.dat" in the GRS directory. Grs.bootstrap.dat is compatible with Qt wallet. GroestlCoin-Qt can load from it.
In Full mode file %APPDATA%\Groestlcoin-WPF\GRS\GRS.bootstrap.dat is full blockchain in standard bootstrap.dat format and can be used with other clients.
Groestlcoin Electrum Personal Server aims to make using Electrum Groestlcoin wallet more secure and more private. It makes it easy to connect your Electrum-GRS wallet to your own full node. It is an implementation of the Electrum-grs server protocol which fulfils the specific need of using the Electrum-grs wallet backed by a full node, but without the heavyweight server backend, for a single user. It allows the user to benefit from all Groestlcoin Core's resource-saving features like pruning, blocks only and disabled txindex. All Electrum-GRS's feature-richness like hardware wallet integration, multi-signature wallets, offline signing, seed recovery phrases, coin control and so on can still be used, but connected only to the user's own full node. Full node wallets are important in Groestlcoin because they are a big part of what makes the system be trust-less. No longer do people have to trust a financial institution like a bank or PayPal, they can run software on their own computers. If Groestlcoin is digital gold, then a full node wallet is your own personal goldsmith who checks for you that received payments are genuine. Full node wallets are also important for privacy. Using Electrum-GRS under default configuration requires it to send (hashes of) all your Groestlcoin addresses to some server. That server can then easily spy on your transactions. Full node wallets like Groestlcoin Electrum Personal Server would download the entire blockchain and scan it for the user's own addresses, and therefore don't reveal to anyone else which Groestlcoin addresses they are interested in. Groestlcoin Electrum Personal Server can also broadcast transactions through Tor which improves privacy by resisting traffic analysis for broadcasted transactions which can link the IP address of the user to the transaction. If enabled this would happen transparently whenever the user simply clicks "Send" on a transaction in Electrum-grs wallet. Note: Currently Groestlcoin Electrum Personal Server can only accept one connection at a time.
Use your own node
Uses less CPU and RAM than ElectrumX
Used intermittently rather than needing to be always-on
Doesn't require an index of every Groestlcoin address ever used like on ElectrumX
UPDATED – Android Wallet 7.38.1 - Main Net + Test Net
The app allows you to send and receive Groestlcoin on your device using QR codes and URI links. When using this app, please back up your wallet and email them to yourself! This will save your wallet in a password protected file. Then your coins can be retrieved even if you lose your phone.
Add confidence messages, helping users to understand the confidence state of their payments.
Handle edge case when restoring via an external app.
Count devices with a memory class of 128 MB as low ram.
Introduce dark mode on Android 10 devices.
Reduce memory usage of PIN-protected wallets.
Tapping on the app's version will reveal a checksum of the APK that was installed.
Fix issue with confirmation of transactions that empty your wallet.
Groestlcoin Sentinel is a great solution for anyone who wants the convenience and utility of a hot wallet for receiving payments directly into their cold storage (or hardware wallets). Sentinel accepts XPUB's, YPUB'S, ZPUB's and individual Groestlcoin address. Once added you will be able to view balances, view transactions, and (in the case of XPUB's, YPUB's and ZPUB's) deterministically generate addresses for that wallet. Groestlcoin Sentinel is a fork of Groestlcoin Samourai Wallet with all spending and transaction building code removed.
What is a Cryptocurrency Wallet? Use this straightforward guide to learn what a cryptocurrency wallet is, how they work and discover which ones are the best on the market. A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet. How do they work? Millions of people use cryptocurrency wallets, but there is considerable misunderstanding about how they work. Unlike traditional ‘pocket’ wallets, digital wallets don’t store currency. In fact, currencies don’t get stored in any single location or exist anywhere in any physical form. All that exists are records of transactions stored on the blockchain. Cryptocurrency wallets are software programs that store your public and private keys and interface with various blockchain so users can monitor their balance, send money and conduct other operations. When a person sends you bitcoins or any other type of digital currency, they are essentially signing off ownership of the coins to your wallet’s address. To be able to spend those coins and unlock the funds, the private key stored in your wallet must match the public address the currency is assigned to. If public and private keys match, the balance in your digital wallet will increase, and the senders will decrease accordingly. There is no actual exchange of real coins. The transaction is signified merely by a transaction record on the blockchain and a change in balance in your cryptocurrency wallet. What are the different types of Cryptocurrencywallets? There are several types of wallets that provide different ways to store and access your digital currency. Wallets can be broken down into three distinct categories – software, hardware, and paper. Software wallets can be a desktop, mobile or online.
Desktop: wallets are downloaded and installed on a PC or laptop. They are only accessible from the single computer in which they are downloaded. Desktop wallets offer one of the highest levels of security however if your computer is hacked or gets a virus there is the possibility that you may lose all your funds.
Online: wallets run on the cloud and are accessible from any computing device in any location. While they are more convenient to access, online wallets store your private keys online and are controlled by a third party which makes them more vulnerable to hacking attacks and theft.
Mobile: wallets run on an app on your phone and are useful because they can be used anywhere including retail stores. Mobile wallets are usually much smaller and simpler than desktop wallets because of the limited space available on a mobile.
Hardware: wallets differ from software wallets in that they store a user’s private keys on a hardware device like a USB. Although hardware wallets make transactions online, they are stored offline which delivers increased security. Hardware wallets can be compatible with several web interfaces and can support different currencies; it just depends on which one you decide to use. What’s more, making a transaction is easy. Users simply plug in their device to any internet-enabled computer or device, enter a pin, send currency and confirm. Hardware wallets make it possible to easily transact while also keeping your money offline and away from danger.
Paper: wallets are easy to use and provide a very high level of security. While the term paper wallet can simply refer to a physical copy or printout of your public and private keys, it can also refer to a piece of software that is used to securely generate a pair of keys which are then printed. Using a paper wallet is relatively straightforward. Transferring Bitcoin or any other currency to your paper wallet is accomplished by the transfer of funds from your software wallet to the public address shown on your paper wallet. Alternatively, if you want to withdraw or spend currency, all you need to do is transfer funds from your paper wallet to your software wallet. This process, often referred to as ‘sweeping,’ can either be done manually by entering your private keys or by scanning the QR code on the paper wallet.
Are Cryptocurrency wallets secure? Wallets are secure to varying degrees. The level of security depends on the type of wallet you use (desktop, mobile, online, paper, hardware) and the service provider. A web server is an intrinsically riskier environment to keep your currency compared to offline. Online wallets can expose users to possible vulnerabilities in the wallet platform which can be exploited by hackers to steal your funds. Offline wallets, on the other hand, cannot be hacked because they simply aren’t connected to an online network and don’t rely on a third party for security. Although online wallets have proven the most vulnerable and prone to hacking attacks, diligent security precautions need to be implemented and followed when using any wallet. Remember that no matter which wallet you use, losing your private keys will lead you to lose your money. Similarly, if your wallet gets hacked, or you send money to a scammer, there is no way to reclaim lost currency or reverse the transaction. You must take precautions and be very careful!
Backup your wallet. Store only small amounts of currency for everyday use online, on your computer or mobile, keeping the vast majority of your funds in a high security environment. Cold or offline storage options for backup like Ledger Nano or paper or USB will protect you against computer failures and allow you to recover your wallet should it be lost or stolen. It will not, however, protect you against eager hackers. The reality is, if you choose to use an online wallet there are inherent risks that can’t always be protected against.
Update software. Keep your software up to date so that you have the latest security enhancements available. You should regularly update not only your wallet software but also the software on your computer or mobile.
Add extra security layers. The more layers of security, the better. Setting long and complex passwords and ensuring any withdrawal of funds requires a password is a start. Use wallets that have a good reputation and provide extra security layers like two-factor authentication and additional pin code requirements every time a wallet application gets opened. You may also want to consider a wallet that offers multisig transactions like Armory or Copay. A multisig or multi-signature wallet requires the permission of another user or users before a transaction can be made. Multi-currency or single use?
Although Bitcoin is by far the most well-known and popular digital currency, hundreds of newcryptocurrencies (referred to as altcoins) have emerged, each with distinctive ecosystems and infrastructure. If you’re interested in using a variety of cryptocurrencies, the good news is, you don’t need set up a separate wallet for each currency. Instead of using a cryptocurrency wallet that supports a single currency, it may be more convenient to set up a multi-currency wallet which enables you to use several currencies from the same wallet. Are there any transaction fees? There is no straightforward answer here. In general, transaction fees are a tiny fraction of traditional bank fees. Sometimes fees need to be paid for certain types of transactions to network miners as a processing fee, while some transactions don’t have any fee at all. It’s also possible to set your own fee. As a guide, the median transaction size of 226 bytes would result in a fee of 18,080 satoshis or $0.12. In some cases, if you choose to set a low fee, your transaction may get low priority, and you might have to wait hours or even days for the transaction to get confirmed. If you need your transaction completed and confirmed promptly, then you might need to increase the amount you’re willing to pay. Whatever wallet you end up using, transaction fees are not something you should worry about. You will either pay minuscule transaction fees, choose your own fees or pay no fees at all. A definite improvement from the past! Are cryptocurrency wallets anonymous? Kind of, but not really. Wallets are pseudonymous. While wallets aren’t tied to the actual identity of a user, all transactions are stored publicly and permanently on the blockchain. Your name or personal street address won’t be there, but data like your wallet address could be traced to your identity in a number of ways. While there are efforts underway to make anonymity and privacy easier to achieve, there are obvious downsides to full anonymity. Check out the DarkWallet project that is looking to beef up privacy and anonymity through stealth addresses and coin mixing. Which Cryptocurrency wallet is the best? There is an ever-growing list of options. Before picking a wallet, you should, however, consider how you intend to use it.
Do you need a wallet for everyday purchases or just buying and holding digital currency for an investment?
Do you plan to use several currencies or one single currency?
Do you require access to your digital wallet from anywhere or only from home?
Take some time to assess your requirements and then choose the most suitable wallet for you.
Bread Wallet Bread Wallet is a simple mobile Bitcoin digital wallet that makes sending bitcoins as easy as sending an email. The wallet can be downloaded from the App Store or Google Play. Bread Wallet offers a standalone client, so there is no server to use when sending or receiving bitcoins. That means users can access their money and are in full control of their funds at all times. Overall, Bread Wallet’s clean interface, lightweight design and commitment to continually improve security, make the application safe, fast and a pleasure to use for both beginners and experienced users alike.
Pros: Good privacy & security, beginner friendly, simple & clean, open source software, free.
Cons: No web or desktop interface, lacks features, hot wallet.
Mycelium Advanced users searching for a Bitcoin mobile digital wallet, should look no further than mycelium. The Mycelium mobile wallet allows iPhone and Android users to send and receive bitcoins and keep complete control over bitcoins. No third party can freeze or lose your funds! With enterprise-level security superior to most other apps and features like cold storage and encrypted PDF backups, an integrated QR-code scanner, a local trading marketplace and secure chat amongst others, you can understand why Mycelium has long been regarded as one of the best wallets on the market.
Pros: Good privacy, advanced security, feature-rich, open source software, free
Cons: No web or desktop interface, hot wallet, not for beginners
Exodus Exodus is a relatively new and unknown digital wallet that is currently only available on the desktop. It enables the storage and trading of Bitcoin, Ether, Litecoins, Dogecoins and Dash through an incredibly easy to use, intuitive and beautiful interface. Exodus also offers a very simple guide to backup your wallet. One of the great things about Exodus is that it has a built-in shapeshift exchange that allows users to trade altcoins for bitcoins and vice versa without leaving the wallet.
Pros: Good privacy & security, beginner friendly, intuitive, easy to use, in-wallet trading, supports multiple currencies, open source software, free.
Cons: Hot wallet, no web interface or mobile app
Copay Created by Bitpay, Copay is one of the best digital wallets on the market. If you’re looking for convenience, Copay is easily accessed through a user-friendly interface on desktop, mobile or online. One of the best things about Copay is that it’s a multi-signature wallet so friends or business partners can share funds. Overall, Copay has something for everyone. It’s simple enough for entry-level users but has plenty of additional geeky features that will impress more experienced players as well.
Pros: Good privacy & security, multisig transactions, multiple platforms & devices, multiple wallet storage, beginner friendly, open source software, free
Cons: Can be slow & unresponsive, limited user support
Jaxx Jaxx is a multi-currency Ether, Ether Classic, Dash, DAO, Litecoin, REP, Zcash, Rootstock, Bitcoin wallet and user interface. Jaxx has been designed to deliver a smooth Bitcoin and Ethereum experience. It is available on a variety of platforms and devices (Windows, Linux, Chrome, Firefox, OSX, Android mobile & tablet, iOS mobile & tablet) and connects with websites through Firefox and Chrome extensions. Jaxx allows in wallet conversion between Bitcoin, Ether and DAO tokens via Shapeshift and the import of Ethereum paper wallets. With an array of features and the continual integration of new currencies, Jaxx is an excellent choice for those who require a multi-currency wallet.
Pros: Good privacy & security, Multi-currency, wallet linking across multiple platforms, great user support, feature rich, user-friendly, free.
Cons: Code is not open source, can be slow to load
Armory Armory is an open source Bitcoin desktop wallet perfect for experienced users that place emphasis on security. Some of Armory’s features include cold storage, multi-signature transactions, one-time printable backups, multiple wallets interface, GPU-resistant wallet encryption, key importing, key sweeping and more. Although Armory takes a little while to understand and use to it’s full potential, it’s a great option for more tech-savvy bitcoiners looking to keep their funds safe and secure.
Pros: Good privacy, great security features, multi-signature options, solid cold storage options, free.
Cons: Only accessible via the desktop client, not for beginners. Trezor
Trezor is a hardware Bitcoin wallet that is ideal for storing large amounts of bitcoins. Trezor cannot be infected by malware and never exposes your private keys which make it as safe as holding traditional paper money. Trezor is open source and transparent, with all technical decisions benefiting from wider community consultation. It’s easy to use, has an intuitive interface and is Windows, OS X and Linux friendly. One of the few downsides of the Trezor wallet is that it must be with you to send bitcoins. This, therefore, makes Trezor best for inactive savers, investors or people who want to keep large amounts of Bitcoin highly secure.
Pros: Good security & privacy, cold storage, easy to use a web interface, in-built screen, open source software, beginner friendly.
Cons: Costs $99, must have device to send bitcoins
Ledger Nano The Ledger Wallet Nano is a new hierarchical deterministic multisig hardware wallet for bitcoin users that aims to eliminate a number of attack vectors through the use of a second security layer. This tech-heavy description does not mean much to the average consumer, though, which is why I am going to explain it in plain language, describing what makes the Ledger Wallet Nano tick. In terms of hardware, the Ledger Wallet Nano is a compact USB device based on a smart card. It is roughly the size of a small flash drive, measuring 39 x 13 x 4mm (1.53 x 0.51 x 0.16in) and weighing in at just 5.9g. Pros:
Screen/device protected by metal swivel cover
3rd-Party apps can run from device
When recovering wallet from seed, the whole process can be done from the device without even connecting it to a computer!
Fairly inexpensive (~$65 USD)
Not as advanced wallet software (no transaction labeling)
No ability to create hidden accounts
No password manager
Green Address Green Address is a user-friendly Bitcoin wallet that’s an excellent choice for beginners. Green Address is accessible via desktop, online or mobile with apps available for Chrome, iOS, and Android. Features include multi-signature addresses & two-factor authentications for enhanced security, paper wallet backup, and instant transaction confirmation. A downside is that Green Address is required to approve all payments, so you do not have full control over your spending
Cons: Hot wallet, average privacy, the third party must approve payments.
Blockchain (dot) info Blockchain is one of the most popular Bitcoin wallets. Accessing this wallet can be done from any browser or smartphone. Blockchain.info provides two different additional layers. For the browser version, users can enable two-factor authentication, while mobile users can activate a pin code requirement every time the wallet application is opened. Although your wallet will be stored online and all transactions will need to go through the company’s servers, Blockchain.info does not have access to your private keys. Overall, this is a well-established company that is trusted throughout the Bitcoin community and makes for a solid wallet to keep your currency.
Pros: Good security, easy to use web & mobile interface, well-known & trusted company, beginner friendly, free.
Cons: Hot wallet, weak privacy, third party trust required, has experienced outages.
The Toomin brothers, Bitcoin Classic's main devs are debating Core devs and trying to show them the light. It gets quite fishy at the end.
Join here: http://slack.bitcoincore.org Start somewhere here: https://bitcoincore.slack.com/archives/general/p1453096627008444 Some extracts: Michael Toomim [8:06 AM] Satoshi believed the only way to prevent control is to give everyone a copy of the ledger. [8:06] Give everyone an opportunity to vote. eric-ledger [8:06 AM] @mtoomim: I think you are delusional Michael Toomim [8:06 AM] Give everyone an opportunity to transact. anduck [8:06 AM] mtoomim: bitcoin classic is against that, too. [8:06] as you very well know.(edited) Michael Toomim [8:06 AM] We give everyone an opportunity to upgrade the protocol. Adam Back [8:06 AM] mtoomim: do you understand why the developers of bitcoin used to propose a HF but switched to a SF once it became clear that it was possible because it is safer and faster? Michael Toomim [8:06 AM] You can take part in bitcoin. [8:06] You can add yourself to it. [8:06] Express yourself on consider.it. anduck [8:06 AM] are you a bot? Michael Toomim [8:07 AM] Are you a bot? dts [8:07 AM] I'm convinced, I welcome our new pot smoking master James Hillard [8:07 AM] @opet: when did I ever refer to you as being part of the uneducated masses? Michael Toomim [8:07 AM] Do you wanna speak bot? Bleep Bleep Bloop! [8:07] 1010111 Adam Back [8:07 AM] opet: "it's an image and communication problem." this is agreed Michael Toomim [8:07 AM] What's your favorite wave? Mine's triangle. eric-ledger [8:07 AM] you sound like a cultist anduck [8:07 AM] mtoomim: quit advertising your platform Michael Toomim [8:07 AM] Haha I'm just stoned guys. Adam Back [8:07 AM] lol Michael Toomim [8:07 AM] Cultists do get stoned a lot. [8:07] But I'm just stoned. Adam Back [8:07 AM] mtoomim: are you serious? Michael Toomim [8:07 AM] You're mistaking correlation with causation. dts [8:07 AM] If any miners are here, please pay attention to @mtoomim words Michael Toomim [8:07 AM] Yes I'm serious. Do you not believe me? Test me! anduck [8:08 AM] mtoomim: so how much did you pay the miners? 0 or more Michael Toomim [8:08 AM] I'd love more attention. I love attention! [8:08] What? I am the miner! [8:08]https://toom.im Toomim Bros. Bitcoin Mining Concern Toomim Bros. provides hosting for bitcoin mining. Our mining center is powered by some of the most wallet- and climate-friendly power in the world. eric-ledger [8:08 AM] meltdown anduck [8:08 AM] as stated earlier, it's a valid concern that you may have paid miners. you offered money to other to do things that people have been doing for NO money earlier. Michael Toomim [8:08 AM] I pay myself every day. anduck [8:08 AM] @mtoomim: did the miners get paid to express support for Classic or not? Adam Back [8:08 AM] mtoomim: are you literally stoned? you may want to unplug for a while. Nicolas Bacca [8:09 AM] At that point I think the best course of action is to demonstrate to the miners that segwit works well with multiple wallets and that well, one team is slightly more serious than the other one. Michael Toomim [8:09 AM] No they didn't get paid. Duh. The miners have all the money. They are the ones who pay. dts [8:09 AM] It is legal in Washington State as far as I know taek [8:09 AM] @mtoomim: you keep trying to flatter us. We don't work for free. We are not impressed with the direction you are taking things and we don't feel inclined to work on your vision. Ours is in the process of being shredded to pieces, why do you think we will maintain morale and motivation? James Hillard [8:09 AM] I hardly consider a sub MW mining operation to be much of anything at this point. taek [8:09 AM] ugh anduck [8:09 AM] mtoomim: thanks Michael Toomim [8:09 AM] Yeah it's legal here. 1 Colin Delargy [8:09 AM] I don’t think I could think of something more off topic. 1 Michael Toomim [8:09 AM] @taek I don't give the vision. YOU give the vision. Come give it. [8:09] I just create a place for you to talk and listen. dts [8:09 AM] @mtoomim: you really aren't doing yourself any favors Michael Toomim [8:10 AM] I'm hosting the forum. eric-ledger [8:10 AM] this is insane p2phash [8:10 AM] funny though dts [8:10 AM] I hope this is saved for posterity Adam Back [8:10 AM] mtoomim: i dont think yes. i think you should go sleep it off. Michael Toomim [8:10 AM] This is great! I love this conversation guys! eric-ledger [8:10 AM] doe anyone know for sure he is the real Michael Toomim? Michael Toomim [8:10 AM] You are real fun. dts [8:10 AM] he verified his email as the same one on Classic Slack Michael Toomim [8:10 AM] Nobody texted me. [8:10] :stuck_out_tongue: gamersg [8:10 AM] mtoomim: If SW via SF increases effective block size to 2MB, why are you pushing for a 2MB HF (honest qsn) Michael Toomim [8:10 AM] Text me a random code at +++++++++++++ Adam Back [8:11 AM] eric-ledger: oh maybe it's a look alike account. dts [8:11 AM] why do you have an Oakland number Michael Toomim [8:11 AM] Because the people who voted aren't pushing for it. [8:11] I went to school at uc berkeley. Colin Delargy [8:11 AM] content style matches https://www.reddit.com/usetoomim reddit: the front page of the internet p2phash [8:11 AM] @gamersg: not a full 2mb of transactions really is it? anduck [8:11 AM] gamersg: that's been asked like hundred times. he refuses to answer. taek [8:11 AM] I do feel like I've been properly baited. @mtoomim: my vision is a cryptocurrency that is immune to political influence. That vision does not seem to be present in the current ecosystem Michael Toomim [8:11 AM] @dts are you nearby? dts [8:11 AM] that explains the pot Michael Toomim [8:12 AM] haha Yeah it does. [8:12] And acid judahmu [8:12 AM] we liked dts better as luke-jr dts [8:12 AM] I'm flattered James Hillard [8:12 AM] Is this what future bitcoin development conversations are going to look like? 1 dts [8:12 AM] Yes he is the real deal, not a troll, kind of unbelievable James Hillard [8:13 AM] This is insane oneeman [8:13 AM] tomorrow is a holiday taek [8:13 AM] :} dts [8:13 AM] He did go to UC berkeley and slack sends you an email to verify it oneeman [8:13 AM] as good a day as any to cut loose, I guess drdave [8:14 AM] joined #general Adam Back [8:15 AM] are we sure mtoomim is actually michael toomim? wasnt it toomim before? anduck [8:15 AM] it's michael toomim [8:15] changed nick to mtoomim Brian Hoffman [8:15 AM] What a cluster fuck Michael Toomim [8:15 AM] @taek There are politics in every social system. Our job is to improve them. That's why we made Bitcoin Classic. The problem with politics is that they get in the way, and so make political communication more efficient, so it gets out of the way. Adam Back [8:16 AM] anduck: well he said that, but what if that itself was a spoof? anduck [8:16 AM] @adam3us: the email looks legit, at least Adam Back [8:16 AM] mtoomim: what hashrate does toom.im have? Michael Toomim [8:16 AM] We are the first forum that can visualize over 1,000 opinions on a single page. dts [8:16 AM] less than 1% Michael Toomim [8:16 AM] We scale. Adam Back [8:16 AM] so email him a code see if he can answer it? Luke-Jr [8:16 AM] what's the invite link again? Michael Toomim [8:16 AM] @adam3us: We only have a small amount. Most of our capacity goes to customers who host with us. Adam Back [8:16 AM] slack.bitcoincore.org Michael Toomim [8:17 AM] We have 750 kW of power capacity. dino_m [8:17 AM] joined #general dts [8:17 AM] @btcdrak: should put it on the front page of bitcoincore.org :confused: Luke-Jr [8:17 AM] thx. what is the share rules for this link? dts [8:17 AM] it's posted already on there just hidden behind "contribute" Luke-Jr [8:17 AM] k, so public Michael Toomim [8:17 AM] So you can multiply 750 kW by the average efficiency to get the hashrate at our facility. kang [8:18 AM] joined #general Michael Toomim [8:18 AM] Text me it's faster. Patrick Strateman [8:18 AM] @mtoomim: well divide by x and carry the... <1% oneeman [8:18 AM] someone in ##bitcoin asked a day or two ago if maybe bitcoin classic was just a viral marketing ploy for consider.it ... 2 Michael Toomim [8:18 AM] Probably anduck [8:19 AM] oneeman: well it certainly looks like so [8:19] mtoomim has advertised it like 10 times in an hour oneeman [8:19 AM] I thought the question was a joke, but now I'm not so sure anduck [8:19 AM] and nobody still cares about it. Michael Toomim [8:19 AM] And we're all a viral marketing campaign for bitcoin! 2 Patrick Strateman [8:19 AM] @oneeman: lold Michael Toomim [8:19 AM] Ok what am I not answering now? anduck [8:19 AM] mtoomim: read the log. [8:19] please. Michael Toomim [8:19 AM] Come on! Adam Back [8:19 AM] mtoomim: nice. yes coincidentally i had looked at your hosting service for some miners i had a while back. Michael Toomim [8:19 AM] It's so long [8:19] You talk fast [8:20] I've responded very well to everything I've been able to tackle anduck [8:20 AM] you're already deeming others to do the btc deving work for you, don't make us read the logs you should read(edited) Michael Toomim [8:20 AM] I want you to choose [8:20] There are a lot of options up there Patrick Strateman [8:20 AM] @mtoomim: Would you be OK with a world in which virtually all Bitcoin users run SPV clients and only a handful of trusted third parties operate full nodes? alie1 [8:20 AM] joined #general Michael Toomim [8:20 AM] You get power, you can choose what I talk about! [8:20] Good question! [8:21] Ok, so I need to answer this well. Give me these numbers:
The percent of SPV clients
The number of full nodes
[8:21] I'll give you my opinion. James Hillard [8:21 AM] toomims hosting service is small peanuts in the scheme of things, I manage multiple MW scale large farms in multiple countries and even then have only about 1% of network hashpower Michael Toomim [8:21 AM] Good job James! [8:21] Congratulations! epscy [8:22 AM] joined #general Michael Toomim [8:22 AM] Hey can someone get Greg Maxwell? I love that guy! Patrick Strateman [8:22 AM] @mtoomim: 100 full nodes run by say blockstream, coinbase, mit, etc etc everybody else runs spv clients Michael Toomim [8:22 AM] I want him to work with Classic! Adam Back [8:22 AM] mtoomim: i sent you an email to auth your slack handle here dts [8:22 AM] yeah verify Adam Back [8:22 AM] can you paste or type the code in dts [8:23 AM] otherwise bravo on excellent trolling taek [8:23 AM] @phantomcircuit: I don't think conversation with mtoomim is going to go anywhere. Michael Toomim [8:23 AM] uploaded an image: Cool! Add Comment dts [8:23 AM] it's listed as his email in the classic slack Adam Back [8:23 AM] ok then. that's pretty confirmed. Michael Toomim [8:23 AM] Fuck yeah it is! Oliver [8:23 AM] @jameshilliard you inadvertently did so when you referred to those voting on consider.it and supporting Classic as the "uneducated masses." After all, I didn't give up my anonymity and finally get involved with bitcoin dev in any way until Classic arrived on the scene. There are many more exactly like me who have signed up to finally have our voices heard and votes counted. Some, like me, are incredibly sick of (and saddened) by the Core devs' seeming ignorance of the fact that it's NOT ok to completely ignore the wants of the community. I'm here now, and I'm here to help. My greatest desire is to somehow help bring Core and Classic together with a compromise. I'd like to see collaboration and an understanding that the road map requires a lot more than Core's blessing.(edited) Michael Toomim [8:23 AM] That's like, real! [8:23] It'd be so hard for me to photoshop that in 50 seconds [8:24] Photoshop sucks [8:24] I can do better in omnigraffle [8:24] and built-in OSX screenshotting [8:24] @phantomcircuit: That scenario is fucked up, dude! Everybody runs an SPV client? Sounds like fucking fascist china man! Luke-Jr [8:24 AM] considering how quickly my PR for Classic was shot down without discussion... frankenmint [8:24 AM] joined #general Michael Toomim [8:25 AM] I lived in china for 6 months man, it wasn't pretty with the government [8:25] I'm so glad the chinese are finding freedom with bitcoin eric-ledger [8:25 AM] @mtoomim: You should come back when you are not stoned; you are not helping yourself 3 Michael Toomim [8:25 AM] They need it! Luke-Jr [8:25 AM] lol dts [8:25 AM] uploaded an image: Here is his email listed in classic slack Add Comment Michael Toomim [8:25 AM] @eric-ledger: I'm loving this conversation! [8:25] I'm here to help you guys! eric-ledger [8:25 AM] well I do also love it James Hillard [8:25 AM] @opet: I didn't mean to imply that everyone voting on there is uneducated. Michael Toomim [8:25 AM] I want to make it easier to dev bitcoin! eric-ledger [8:25 AM] but it may come back and bite you in the ass Michael Toomim [8:26 AM] Haha [8:26] That would be fun! [8:26] Like a snake. Patrick Strateman [8:26 AM] @mtoomim: Do you not realize that scenario is exactly the one you're moving towards with classic? Michael Toomim [8:26 AM] Woah! No I don't! [8:26] Please tell me how that's happening! [8:26] How are we going to force everyone to use SPV clients? [8:27] That means that we have to force people not to run a full node. [8:27] Right now it's pretty easy to run a full node. [8:27] I run one on this laptop. [8:27] My laptop's only getting bigger and better every year. [8:27] And the democracy cares about this! [8:27] They won't let full nodes stop running on their laptops. elliotolds [8:27 AM] @opet: what do you think as this (proposed earlier by someone else here) for a compromise: in April we hard fork to 2 MB, then we do segwit later in the year, maybe October or something, but whenever Core is comfortable releasing it? (sooner is fine, even along with the April HF is OK if they want it then) Michael Toomim [8:27 AM] They want full nodes to run on their laptops! [8:27] They want it so bad! Patrick Strateman [8:27 AM] @mtoomim: so four or five tabs? 4 Michael Toomim [8:27 AM] I want it so bad! [8:27] I love bitcoin on my laptop! [8:28] It's like a girlfriend in your lap! [8:28] Isn't it? eric-ledger [8:28 AM] omg Michael Toomim [8:28 AM] Who wants to relegate her to the server room? dinbits [8:28 AM]
I'm here to help you guys! @mtoomim: Do you plan on saying anything helpful?(edited)
Michael Toomim [8:28 AM] That's for herems. [8:28] I support sexual equality! [8:28] @dinbits I want to be helpful! What would you like me to help you with? jdebunt [8:28 AM] joined #general Michael Toomim [8:28 AM] Or help other people with? dts [8:29 AM] what he's saying is very illuminating to me 3 Michael Toomim [8:29 AM] @phantomcircuit: I once took 4 tabs and went free-diving off the coast of hawaii. [8:29] Kapoho tide pools on the big island [8:29] That was so great! [8:29] I saw fish world. [8:29] Like the clan of the little cute white fish with the red stripe that swish you left and right. [8:29] I came up speaking in a new style. 1 1 justino [8:30 AM] joined #general Michael Toomim [8:30 AM] Every once in a while my words would disiintegrate into strange snap crackle popping, the sounds of fish world. [8:30] I called it a flubbergust. [8:30] It is the moment where your spirit veers into void and disappears. [8:30] It's when you are wrong. [8:30] In Bitcoin, we have a problem of admitting when we're wrong. [8:30] Because there's no data on it. elliotolds [8:30 AM] I wonder if this is some sort of Machiavellian plot, and later Jonathan will come in here and seem like the most reasonable person in the world in comparison 3 Michael Toomim [8:30 AM] We're giving you social data. [8:30] bitcoin.consider.it Nathan Cook [8:30 AM] shh, this is great Michael Toomim [8:30 AM] It tells you when you're right and wrong [8:31] So that you can learn [8:31] When you learn, you get better [8:31] And you get shit done [8:31] You can make changes to bitcoin dts [8:31 AM] I still can't quite believe it's you even with the proof Michael Toomim [8:31 AM] We are hardforking the blocksize limit to 2mb [8:31] Join us. anduck [8:31 AM] why not 6 mb? Adam Back [8:31 AM] i think it's him anduck [8:31 AM] it would allow more transactions Michael Toomim [8:31 AM] @dts wanna video chat me? Nicolas Bacca [8:31 AM] is there drug for everybody ? dts [8:31 AM] like my mind can't make the two parts fit together eric-ledger [8:31 AM] a selfie maybe? Michael Toomim [8:31 AM] Guys come meet me in tawk.space. I'll be online in 5 minutes. taek [8:31 AM] Things have gotten terribly off topic, I would like to request that people stop responding to the nonsense, and also stop encouraging it. There is more valuable conversation that is being blocked by the ridiculousness happening right now. Michael Toomim [8:32 AM] That's https://tawk.space. Use chrome or go home. dts [8:32 AM] let's rename this chat mtoomim's magical bus trip and make a new channel 4 kang [8:32 AM] Not before that selfie plz Michael Toomim [8:33 AM] hahaha jake7849 [8:33 AM] joined #general alie1 [8:33 AM] is this a joke ? jwade [8:34 AM] joined #general Michael Toomim [8:34 AM] Fuck! Tawk.space is down! Karthik!!!!!!!! [8:34] Can we make a group video chat in skype? [8:34] Oh a hangout
Testimonials “Not enough trolling” - nanoakron, XMR Contributor “you are so obviously a shill” - ButtBazaar, in comments on the ETH survey “Wow.” - jstolfi, in reply to the ETH survey Survey ID: 00002 Coin: Monero (XMR) Client: jwinterm Executive Summary Monero is a leading privacy-oriented cryptocurrency. It was originally forked from Bytecoin which introduced Cryptonote, and whose launch was so bad they needed another chance to get it wrong. After their launch, they were a proving ground for Bytecoin exploits. Since then, Monero has become the leader in Cryptonote comedy gold, surpassing Bytecoin. Its future promises exciting drug market comedy gold, while the development team is a zoo of likely furries. 6 Top Comedy Gold Veins
Slow development - Likely due to the amount of time spent yiffing, “nice-to-have” extras like a GUI take a while to be released. After more than two years since at least one possible design for multisig in Cryptonote (curiously enough, from a paper co-authored by Gmax), multisig is still not in Monero yet, although still in development.
Launch issues - Launched because of complaints that the Bytecoin launch was unfair (i.e., not announced on Bitcointalk), Monero launched after about a week’s notice without an overabundance of communication from its founder. It released without 32-bit support, without a GUI, and without a mac client which according to BCT trollscritics is functionally equivalent to a premine.
Fenty - Monero is poised to take a commanding lead in the drug markets because of its combination of market share and stronger privacy commitment. Fent is known to be the leader in comedy gold potential for drug markets. Someday, there will be a major incident linked to a fent shipment arranged by a cryptocurrency. If that’s Monero, the fallout could be substantial.
Bleeding Edge: Monero started out as a clonecoin, a relaunch of Bytecoin, the first CryptoNote coin. However, it is in a position which is I think unique, or at least quite rare: despite starting as the clone, it is now leading the original upstream in market cap. Further, as a result CryptoNote / Bytecoin exploits have been demonstrated first on Monero. Monero has also developed its codebase such that it could not directly import upstream easily like most clonecoins could. Like all of the bleeding edge cryptocurrencies, Monero may produce more comedy gold from bugs being exploited on the chain.
51% / miner attack: Monero has had at some points large concentration in mining. As with most if not all cryptocurrencies, this centralization can lead to miners having significant control over a coin. So far, there doesn’t seem to have been any direct impact on Monero from this, and there may not be any effect. But Bitcoin and Ethereum have both had issues relating to functional centralization in mining in one way or another. Monero could as well. If anything does develop here, the popcorn futures could be explosive.
A brief history of comedy gold in Monero
There's an old proverb that says just about whatever you want it to.
- Anonymous (from this page of anonymous quotes) In the beginning there was Bytecoin. Of course, the original bytecoin was actually just a basic BTC clonecoin. And I think there was at least one other Bytecoin not the one we’re talking about here, since deceased as well. And when exactly this Bytecoin started is a matter of no little dispute. But, whenever it was, it was. By the time it was “discovered” and posted on BCT, about 80% of the total supply had been mined. Regardless of what exactly led to this, there were many in the cryptocurrency community on BCT who wanted a relaunch to use the tech without having to buy into the existing distribution. Then came “bitMonero” (first reference BCT ANN). Launched on relatively short notice, with a de-optimized miner inherited from upstream, no mac client, without 32bit support, and without a GUI. The original developer of the bitMonero fork, thankful_for_today (TFT), supported the network through an initial bug inherited from upstream [ 1 ]. TFT disappears from the thread for a while, and some of the community pull together to make a sort of rebranding, changing to “Monero”, making a new ANN (second BCT ANN listed in references) and forming a new team to run the coin. In the meantime, TFT made another Cryptonote based coin, Fantomcoin, but TFT continued to try bitMonero development as well , before finally abandoning the attempt again. And then the coin gets pretty boring. There’s a potentially serious issue revealed  which was inherited from Cryptonote and potentially even a deliberate backdoor left in, but the fix is in pretty quick and the ecosystem is small enough there’s not really an opportunity to exploit it further. While development is slow, the coin continues to work and move on. The coin gets adopted on one of the darknet markets in 2016, and around the same period it sees a surge in market price. While there is potential for comedy gold fallout from this, there hasn’t been anything obvious so far that I’ve seen. Researcher’s Narrative: After wrapping up the ETH survey, I put up the new $5 survey special sign and settled in with a bottle of cheap vodka to contemplate deep questions like how I got here, where I’m going, and why the ground is swaying like that. By the time I woke up, the bottle was empty, but there was a $5 bill slipped under the door with a note which read “Monero?” After only a few short hours of pondering the note and where the vodka had gone, I knew what I had to do next. A dark night in a world that never sleeps and knows how to keep its secrets...But on the 12th Floor of the Acme Building, one man is still trying to find the answers to life's persistent questions: Guy Noir, drunken sotprivate comedy gold surveyor. Thanks Narrator. Although I can do without the judgemental commentary. At least I struck it out. I’ll strike you out! But this is going even more off-course than usual. I should really make at least a token effort to do my job. So off I go to the furriest corner of cryptocurrency, and I ask the Monerons what they think their greatest weaknesses are. A rather clever move, if I do say so myself, as they’ll either do much of my job for me, or they’ll say they are entirely without fault and thus provide me with more fodder about how unselfaware they are! They rather surprise me by providing solid responses, with only a rather token “we’re flawless!” attitude to be found. This actually makes my job somewhat harder, as now I have to try to figure out whether the seeming lack of major flaws is a result of such a biased “research” method, general laziness, or being co-opted by actually enjoying the community. So I take the only logical route and go on a weeklong acid binge. At the end, I realize I’m an insignificant mote in an uncaring universe where humanity itself is an unnoticed blip. The futility of civilization and life itself is obvious. After some further reflection aided by bottles and pipes, as well as overdue bill notices, I realize that while all of this is true, none of it is relevant, and my foggy mind is further from any useful answers than when I started. Disclosure of biases: I was hired to write this article with $5 in BTC from jwinterm who is a participant in Monero. In the thread where I asked Monerons what their greatest weaknesses are, I learned a bit about their development process and decided I wanted to pitch my services to them. This has unquestionably made me biased. However, I did do my best to try to figure out where the critical flaw was to maximize the comedy gold yield. In coming up short, I’m not sure whether I’ve missed flaws or simply blinded myself to them. I know there are additional paths to find more comedy gold. I should ask the Bytecoin community what they think of Monero. And DASH and etc. to try to find all of its critics. But this piece must stand as simply an initial survey and I must move on to my next step. References
[ ] https://bitcointalk.org/index.php?topic=563821.msg6147116#msg6147116 - states rationale for not using Bytecoin rather than Monero (presented as Bytecoin clonecoin at this point) as being “Also the fact that cryptonote/bytecoin was hidden deep for the last few years and was being mined by a "big" unknown community the fork would give people a fair start on this new technology.”
[ ] https://bitcointalk.org/index.php?topic=563821.msg6286990#msg6286990 - Johnny Mnemonic, “There may be no pre-mine, but not a single step was taken to make this coin any more accessible than BCN. An easy GUI miner is super critical for early adoption, as is a cross-platform wallet that can be used out of the box. So now the only miners are the same few people willing to fuss around in the command line.”
[ ] https://bitcointalk.org/index.php?topic=563821.msg6300505#msg6300505 - “The problem is in block generation code. In one of last updates in Bytecoin there was a bug introduced: it calculates extra-size penalty the wrong way. As a result we see that a mined block isn't accepted by the network. I will consume the big transaction now into correct block. As soon as network accepts this block I will release new mining code to git.”
[ ] https://coinmarketcap.com/currencies/fantomcoin/ - Fantomcoin, merged mining cryptonote coin. Gets mentioned in BCT XMR thread since the cryptonote world is relatively small, with Bytecoin being the other one I know, and the reference implementation which isn’t actually a coin. (Subsequent to writing this learned about other ones, and learned Fantomcoin was created by TFT (original creator of BMR which was rebranded to XMR))
[ ] https://news.ycombinator.com/item?id=7765455 - nullc on zerocash vs bytecoin; “(And come on, I'm not usually one to lean on authority— but you ought to believe /me/ when I say it's not copying Bitcoin and that it's doing something very useful and interesting for cryptographic privacy)”
[ ] https://bitcointalk.org/index.php?topic=583449.14980 bookmark at page 750 in case computer crashes before I’m back from smoke break; actually an interesting page; all about talking about changing the emission rate and what is fundamental and unchangeable and who needs to approve changes. Very core cryptocurrency discussion.
---> CREDITS CRYPTOCURRENCY CRED CX : JULY - AUGUST COMMUNITY UPDATES AND RUNNING ANALYSIS
https://new.reddit.com/CreditsCryptocurrency/comments/937w1n/we_need_to_talk_about_credits_llc_re_cfo/ We entered into August 2018 now a full 7 months after the launch of Cred CX @ Credits.Energy As the jingle goes we have been hearing "Credits Cryptocurrency, Supports Green Energy" Many are only waiting to have an exchange listing.... Many are questioning what they really have received after they paid for their Cred CX coins. Most do not know they are still waiting for an actual Cred CX cryptocurrency coin. If you read this I hope it will help educate some on matters of a cryptocurrency the one in review here is based upon cryptonote - The most popular cryptocurrency like Cred CX is Monero. I would go over the last 7 months but there is little to Report. So little to report that Credits has not released a much anticipated end of July update as they did with the end of June. The end of June report was mostly about challenges and future or forward thinking and goals. Nothing in the way of a verifiable blockchain / coin. Some ICO fundamentals: ~Dollars and Cents~ How well did the pre ICO and ICO and Now crowd sales do from a financial perspective is not clear to to purchasers and or investors alike. The only thing I find is that in a May 2018 they edited the timeline infograph they ~ failed to reach the softcap of 100 million Cred CX sold. They have subsequently said that they have exceeded the softcap but have not made known a hard cap, nor do we know how many Cred CX where purchased as of this date. As well they also have not published any official figures from their corporate offices regarding bonuses, incentives, airdrops or other distributions etc. This in addition to corporate distribution among themselves and their stake or holdings, the company, and what appears to be a un published foundation or "entity", there are no details about any such entity as of yet in our knowledge. Perhaps the whitepaper plans have changed again with out noting public revisions. We do know that they are still taking orders for Cred CX and are reportedly going to "explore" merchant account options. July saw Paypal suspended on Credits.Energy website. Another red flag. Our analysis leads us to think it went something like this... Read the following:https://www.reddit.com/CryptoCurrency/comments/7zkzjz/go_fuck_yourself_paypal/ Hello xxxxx, We are writing to you in regards to your PayPal Account. PayPal appreciates that you have chosen us to accept payments for your business. A periodic review of your account shows that you are cryptocurrency trading using PayPal. However, unfortunately we have determined there to be excessive risk involved with the business model that you engaged in using PayPal. While we wish you the best of success in your future business endeavors, we respectfully ask that you seek another method of payment for the online business. Your remaining balance will be held in your PayPal account for 180 days from the date your account was limited. After 180 days, you will be notified via email with information on how to receive your remaining funds. We deeply regret any inconvenience this matter may cause you. Sincerely, PayPal Compliance Department PayPal" ^^The above was of an IOTA trader a well established coin. Cash is still king with this ICO it appears. Looking at their past known published crypto addresses used at some time over the last 7 months to receive crypto payments for orders of Cred CX it reveals "nominal" volumes. The current address advertised shows zero activity for in puts and out puts at the time of this writing. I it is another cleaning of the crypto slate as it where. No update notification has been given of the change on social media other than now perhaps here. By publishing the explorer to their adresses and hashes here I am not promoting anything. You can explore them here: Bitcoin: https://www.blockchain.com/btc/address/1JFz4UHRrsKnL5aGj5V87FxFz7RxAmDJ3m?sort=0 Ethereum: https://etherscan.io/address/0x8ca65a6e0839ea2de06e0741b6325b9629eff928 With out the public having kept track of previously published address one would not know that they raised anything via crypto during this ICO and the pre ICO based on currently available data. Please see this post for IMPORTANT INFORMATION: https://new.reddit.com/CreditsCryptocurrency/comments/937w1n/we_need_to_talk_about_credits_llc_re_cfo/ ~ EXCHANGE LISTING/S ~ There is no data to reference as to who Credits llc has been in talks with or what applications they have submitted to whom. They say that is what they are doing still. Acceptance is reported to have been granted by two exchanges as to why thy have not taken the listing offer and acted upon it until now is not clear at all. They have said they want to get it just right and the coin was not ready for release and others agreed. I am presuming that includes exchanges feedback, with out comments on the acceptance and negotiating there is nothing definitive I can find to clarify anything re exchange listings chatter. The exchange listing seems to be the number one question with Cred CX owners. ~CODE~ We did not see any new code commits to the official github. Reginald Gaines created the first cryptonote fork 2 years ago. Forked from Appinvestocred and is found here: https://github.com/CreditsCryptocurrency/cred-1 Appinvestor Reginald Gaines aka Appinvestor a seemingly abandoned github account that points to a now defunct domain and email, attached to a Business "AppInvestor.Co Inc" Seattle Wa USA [[email protected]](mailto:[email protected]) http://www.appinvestor.co/ We do see the blockchain project for Cred CX "CRED-1" was updated 6 months ago on or about the time Reginald Gaines was last known to be developing for Credits LLC. Reginald Gaines was known by me to have been paid by the founders based on past phone conversations, In fact I advised founder Luke to cut him loose as he was at the time failing to deliver as contracted and development of the blockchain rested solely with him. He was holding the project up and I advised Luke to not be held hostage by a prepaid contractor and take the loss and move on quickly. Last conversation I had with him about it in Feb 2018 he reported to me that he had candidates lined up to replace him. Mobile apps: Bidhan Baral Co founder of Technojagat.com is said to be responsible for the android and iOS apps. We are not certain that what Bidhan and or others @ Credits in collaboration have released is a cryptocurrency / blockchain wallet. On Andorid the back end is served by firebase.google.com Firebase is built on Google infrastructure and scales automatically, for even the largest apps. Firebase is not a open distributed ledger aka blockchain. Credits plans to include a credits run private (in app) auth network in tandem with an actual open distributed ledger. How they have implemented this is unknown. App Store Preview gives it a 5 out of 5 out of 8 Ratings currently. The current progress report is minor setbacks re the mobile miner. No reports on any Windows, Mac, Linux wallets, or mining pools. As for as we know there is no published list of mining nodes or if code exist for "testnet" and or actual mining. We have seen no community activity among miners to create their own pools to Mine Cred CX and there are literally billions that need to be mined. What kind of computing infrastructure is Cred CX relying on in the future or have already deployed the blockchain on, who are the service providers, they are part and parcel to a healthy "ecosystem" who are the supply partners? I am not convinced that withholding details about logical questions asked of a blockchain company start up, or not, is good for business. The current advertised CTO @ Credits.energy is Justin Farmer, he has a previous private relationship with Rick Floyd CEO before both of them came to Credits.energy executive team. He has been the chief technical officer according to the website since approx mid March of 2018...? Justin's code developments or those of others he is in charge of as CTO appear to be one of the most closely guarded secrets about Credits LLC's coin Cred CX's development, just as much as fundraising data and operations. Although this is not a secret many people do not know about the webwallet (https://wallet.credits.energy/) that is believe to be in part coded by Justin and Bindam. There are no verifiable details know to me. It is the code that I can reference as proof of development and evidence of an accomplishment task as set forth in the companies whitepaper... We do not beieve it is a webinterface to an actual blockchain but the same corporate ledger as is found in firebase.google.com that drives the android app. Why Credits LLC Cred CX did not update github over most of the life of this opensource code based project has no official explanation as far as we are aware. Why they have not released where the development logs and code are is a mystery to us. We have to presume that there are in fact those things some where. Both developmentally as is financially this companies ICO has been anything but transparent where it matters most. Lastly on the subject of this topic heading is Steven Crider the Sr. Product Analyst is hoped to be in a position to provide his analysis on the product. ~GREEN ENERGY~ "Kendra" highlights the relationship between Credits (CRED - CX) and renewable energy. https://www.youtube.com/watch?v=YjSKSKMeK0k - Published on 2 May 2018 ^^That is pretty much all of what some know regarding aabout Cred CX and how it support green energy. Last know relationship building with green energy groups was focused on Denver area associations. A Missed speaking engagement. Former acting CEO and Credits LLC's founder Mr. Ingraham was said to have be confirmed as speaking on March 13th at Solar Power Mountain West about how Credits LLC via Cred CX is incorporating blockchain technology into the renewable energy sector. Mr. Ingraham was not able to attend that conference @ Colorado Solar Energy Industries Association (COSEIA). Since that time there has been no updates regarding green energy relationships or building a community of interested parties in the purported solar energy project on the outskirts of Denver Colorado. With out a doubt the real world clean or green energy producing project is the most significantly complex and challenging part for Credits LLC and it's Cryptocurrency with a purpose . It seems that Jared Wells has the best publicly documented insight on how credits is actually thinking in part what they are achieving in what can be called a Green energy Cypto Currency - A Crypto with a purpose. "Credits.Energy, the “crypto with a mobile mining app that supports green energy,” aims to virtually eliminate the cost of supporting renewable energy. We asked Credits.Energy COO, Jared Wells, to explain what the current barri-ers to entry are in the renewable energy market: “Mainstream adoption of solar and wind power is all about efficiency. Obviously, if I put a solar panel on my house, I need batteries to harness that power overnight, charge controllers to manage wattage and voltage, and a way to integrate that energy into the power system. These same basic components are required whether you have 1 panel or 400 panels . . . 1 turbine or 50 turbines. . . . So while the overall cost per watt in the solar and wind power har-nessing platform decreases incrementally by increasing the number of generation components involved in the sys-tem, it is inversely more expensive per unit of electricity to implement the smaller scale systems that can be afford-ed by an individual homeowner. In addition to that, there are so many people who live in leased or rented housing and are unable to attach solar panels or wind generators to their residences or who maybe just can’t afford to have their own system.... Credits.Energy intends to resolve this problem by allowing for simple purchasing and management of the CRED cryp-tocurrency token through their intuitive website and mobile applications. " Source: https://cryptogo.news/2018/04/21/pr-green-energy-crypto-credits-energy-ico-is-now-live/ Google search: Credits.Energy ICO is now live Jared wells As it is with the CEO, CFO, CTO, and Developers, Operations @ Credits has very little shared data on the strides taken to invest into a green energy project/s on the outskirts of Denver Colorado. The location of the Solar Project remains undisclosed. There has been no comments by the COO Jared or press releases with regards to acquisitions, investment or strategic partnerships with any Green energy related entities to date. Participants in this ICO who participated based on the green energy components are due for a long anticipated report on how their investment and purchases have contributed to green energy, the environment and how it has helped the Cred CX ecosystem" and various charities. ~Community and Ecosystem~ Other than this reddit and the Facebook & Twitter pages Credits does not have a perceptible community. Some cryptonote forks attract anaon coin investors, cryptopunks, miners etc. As there is know known blockchain and wallet / node / miner for Cred CX it is no surprise they have not joined our ranks as of yet. There is always the future. Adoption and traction take time and delivering open source software tools to the community to create an ecosystem / auth network and mine the coins as reward for participation in the auth network. Potentially billions and billions of of hashes waiting to make this a viable anaon coin. As for Ecosystem there is none that we can speak of. One can use the apps or webwallet to send and receive in app tokens. The functionality is only extended to include the ability to send a one line note. We have not tested to see what is the character limit is or if it is encrypted and will be recorded on the immutable open ledger. So as a community, or one on one, holders I suppose could use it as a message or note app. It would "cost" you 1 Cred CX per as many characters you can write in the line space provided. Although Cred CX is as said as being based on cryptonotes cryptonight algorithm it shares the note feature. XDN has built a solid cryptonote enterprise on this one feature. Cred CX is it's sibling technically speaking. "DigitalNote XDN is a decentralized private cryptocurrency. It is based on CryptoNote anonymous technology and has a unique untraceable encrypted messaging system with blockchain based staking for a defined period." https://digitalnote.biz/ There is always a bright side and we hope Cred CX will come into that as soon as is possible. DigitalNote XDN had a name change and a history that had it reinvent it's self several times... About DigitalNote XDN Formerly known as DarkNote XDN Formerly known as duckNote XDN As you can see they have had some stormy seas and needing to "right the ship". The question is how is Cred CX navigating those waters? "May 30, 2014 — day of the first XDN block" We have been long waiting and anticipating the announcement of Cred CX first block announcement. With a new cryptocurrency the first block mined is like the fist minting of a new coin in metal. It is generally a celebrated event and anniversary date. Accounts... It is unclear how one deletes or closes out their accounts. Example in the case of refunds. Do you send them back their Cred CX using the convenient email address feature they sent it from and use the Note space to file an invoice / refund? After that is settled how does one close the account out for good. How does one close an account or in cypto speak burn their coins with proof (on the open blockchain). Not being able to transfer off app has left Cred CX use limited to, limited in app only functionality. I have not ever seen any press or pr promoting this feature alone. A community of testers would have really helped. No group feed back forum was used including this the reddit group. That leads us to... ~ PR / IR / Social Media ~ Very little evidence of a concerted social media campaign/s Relative new comer to the Credit's team is Torin Tostanoski the "Social Media Strategist". The strategy seems to be that less is more in the way of social media and customer relations / support. As was pointed out to me in analysis of this aspect of this ICO was that one could have looked at the youtube channel and some have said it speaks volumes perhaps even enough to make an informed decision to pass on Cred CX - https://www.youtube.com/channel/UChi2qFyDx5mynP52lTjDRLQ Stats Joined Jan 16, 2018 162 views 0 Comments VIDEOS: Uploads 1 title "Credits Cryptocurrency & Platform" 162 views 6 months ago It appears to be abandoned. Rick Floyd has a youtube Chanel set up for credits but the original "official" youtube account is inactive for over 6 months now.... Bitcointalk.org - Good news they created a Topic for Cred CX there. A powerful creditable account and community to have a voice in as an ICO, trader, miner. Minimal activity on the content and any substantial information shared has given no cause for exposure to arguably an ICO's best source of support in all things cryptocurrency. It is a market place for ideas and collaboration as well as investment and traders. See: https://bitcointalk.org/index.php?topic=3086671.20 Most PR was done in the form of paid for press releases and they where picked up and syndicated on crypto centric investments aka ICO's and technology blogs. I do not know of the effectiveness of the paid adwords and facebook ads. Facebook delivered a blow to all ICO's this year with a change in policy. Many holders of Cred CX are baffled by the choice to not improve Credits social media presence and reach. As it is, it remains a decidedly non communicative, non transparent ICO on this front as well. With some issues in its executive ranks, lacklustre ICO participation, and very little to report regarding progress some might think it not surprising to have a policy that seems to be based on one of silence is golden. ~WHERE ARE WE AT?~ The issue is at this point very, very, basic: Where are our cryptonote blockchain tokens / coined as Cred CX? What many holders in the public do not know is they do not need an exchange or mobile app with a mobile miner to hold the coins and exchange them. We have yet to see code written by them for the actual blockchain. There are mobile apps and a webwallet. OK. Where are Windows, OSX, and Linux wallets and miners? Where are Cred CX testnet/s? and the credits internal node network? Who has been recruiting or building a mining pool? This reddit should be abuzz with posts about such things and @ Bitcointalk.org The last update on twitter after a full calendar month of no updates @ credits.energy we hear that there are minor set backs and re the mobile mining feature. That could very well may be. It is understandable to have compliance issues both technical and policy, to not ever reference technical or policy data is a red flag for many. It also does not explain why a mobile platform with an off app network cannot not give us our hashes, our coins on an immutable ledger aka blockchain. Cred CX Cryptocurrency a cryptonote fork is an anonymous coin by default. Transactions on the apps and on credits internal auth network are not truly anon, and require the public open blockchain for distributed off credits network authentications of transactions for them to be so. We have not been given it. When looking at credchain.org (<--- Hint the foundation that is or is not?) it redirects to credits.energy. The chain explorer is not publicly active nor is the source code for anything as far as we can see other than the github - Last updated 6 months ago... It is a fork (a copy for those who might not know what a fork is) - no development code or update to or of code have been committed to the projects opensource software repository as advertised on the website. How is the premine going? Is it started or over? Where are the cryptonotes coined and mined as Cred CX? Do I need a mobile app with mining features to use my cryptonote wallet, no, no one does. So if a "feature" is what the project hangs on that is a red flag. A quick way Cred CX could be made viable and live right now is like this: MyMonero is the only web wallet for Monero. It is operated and owned by Riccardo Spagni, who is one of the lead Monero developers. The wallet works like any account. You create an account and can login online to access your funds. MyMonero only encrypts your keys and stores the data on its servers. It cannot access your funds. See https://mymonero.com/ for a live example Monero Desktop Wallet The best and only Monero desktop wallet is the official client which is a full node. It can be downloaded from the official Monero website. Credits position: "...crypto with a mobile mining app..." A Crypto. A mobile mining app. One does not need a mobile mining "feature" in an app for there to be a coin or crypto wallet, in fact it is quite the opposite in certain respects. "Technicalities" --------------------------------------------------------------------------------------------------- So set backs as of August 2018... We have no progress reports we just have our own ongoing independent analysis. I hope this has been helpful to the community. Your feed back is welcomed. If you have questions or concerns feel free to post here. Start a new topic. I am certain there are other things people can share here that would be of a benefit to the community as small as it may be at the moment. Supporters and fans of Cred CX are welcomed to share what good news the have and what inspires their enthusiasm and support for Cred CX. COME WAVE THE GREEN FLAGS FOR CRED (CX) We are looking into sponsoring a Cred CX airdrop and give aways! Tell your Friends :-) We hope for the best and truly want to see the CRED CX coin succeed "Stay tuned" here for more in depth reports and analysis on (Cred) (CX) John
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