Bitcoin Miner Software

[ANN][ANDROID MINING][AIRDROP] NewEnglandcoin: Scrypt RandomSpike

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
Roadmap
NENG v1.4.0 Android Mining, randomSpike Evaluation https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/NENG_2020_Q3_report/NENG_2020_Q3_report.pdf
RandomSpike - NENG core v1.3.0 Hardfork Upgrade Proposal https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2020Q1_Report/Scrypt_RandomSpike_NENGv1.3.0_Hardfork_Proposal.pdf
NENG Security, Decentralization & Valuation
https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2019Q2_report/NENG_Security_Decentralization_Value.pdf
Whitepaper v1.0 https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/whitepaper_v1.0/NENG_WhitePaper.pdf
DISCORD https://discord.gg/UPeBwgs
Explorer
http://www.findblocks.com/exploreNENG http://86.100.49.209/exploreNENG http://nengexplorer.mooo.com:3001/
Step by step guide on how to setup an explorer: https://github.com/ShorelineCrypto/nengexplorer
Github https://github.com/ShorelineCrypto/NewEnglandCoin
Wallet
Android with UserLand App (arm64/armhf), Chromebook (x64/arm64/armhf): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.5
Linux Wallet (Ubuntu/Linux Mint, Debian/MX Linux, Arch/Manjaro, Fedora, openSUSE): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.3
MacOS Wallet (10.11 El Capitan or higher): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.2
Android with GNUroot on 32 bits old Phones (alpha release) wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0
Windows wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.3.0.1
addnode ip address for the wallet to sync faster, frequently updated conf file: https://github.com/ShorelineCrypto/cheetah_cpumineblob/mastenewenglandcoin.conf-example
How to Sync Full Node Desktop Wallet https://www.reddit.com/NewEnglandCoin/comments/er6f0q/how_to_sync_full_node_desktop_wallet/
TWITTER https://twitter.com/newenglandcoin
REDDIT https://www.reddit.com/NewEnglandCoin/
Cheetah CPU Miner Software https://github.com/ShorelineCrypto/cheetah_cpuminer
Solo Mining with GPU or ASIC https://bitcointalk.org/index.php?topic=5027091.msg52187727#msg52187727
How to Run Two Full Node in Same Desktop PC https://bitcointalk.org/index.php?topic=5027091.msg53581449#msg53581449
ASIC/GPU Mining Pools Warning to Big ASIC Miners Due to DynDiff Algo on top of Scrypt, solo mining is recommended for ASIC/GPU miners. Further more, even for mining pools, small mining pool will generate better performance than big NENG mining pool because of new algo v1.2.x post hard fork.
The set up configuration of NENG for scrypt pool mining is same as a typical normal scrypt coin. In other word, DynDiff on Scrypt algo is backward compatible with Scrypt algo. Because ASIC/GPU miners rely on CPU miners for smooth blockchain movement, checkout bottom of "Latest News" section for A WARNING to All ASIC miners before you decide to dump big ASIC hash rate into NENG mining.
(1) Original DynDiff Warning: https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708 (2) New Warning on RandomSpike Spike difficulty (244k) introduced in RandomSpike served as roadblocks to instant mining and provide security against 51% attack risk. However, this spike difficulty like a roadblock that makes big ASIC mining less profitable. In case of spike block to be mined, the spike difficulty immediately serve as base difficulty, which will block GPU/ASIC miners effectively and leave CPU cheetah solo miners dominating mining almost 100% until next base difficulty reset.
FindBlocks http://findblocks.com/
CRpool http://crpool.xyz/
Cminors' Pool http://newenglandcoin.cminors-pool.com/
SPOOL https://spools.online/
Exchange
📷
https://shorelinecrypto.com/
Features: anonymous sign up and trading. No restriction or limit on deposit or withdraw.
The trading pairs available: NewEnglandcoin (NENG) / Dogecoin (DOGE)
Trading commission: A round trip trading will incur 0.10% trading fees in average. Fees are paid only on buyer side. buy fee: 0.2% / sell fee: 0% Deposit fees: free for all coins Withdraw fees: ZERO per withdraw. Mining fees are appointed by each coin blockchain. To cover the blockchain mining fees, there is minimum balance per coin per account: * Dogecoin 2 DOGE * NewEnglandcoin 1 NENG
Latest News Aug 30, 2020 - NENG v1.4.0.5 Released for Android/Chromebook Upgrade with armhf, better hardware support https://bitcointalk.org/index.php?topic=5027091.msg55098029#msg55098029
Aug 11, 2020 - NENG v1.4.0.4 Released for Android arm64 Upgrade / Chromebook Support https://bitcointalk.org/index.php?topic=5027091.msg54977437#msg54977437
Jul 30, 2020 - NENG v1.4.0.3 Released for Linux Wallet Upgrade with 8 Distros https://bitcointalk.org/index.php?topic=5027091.msg54898540#msg54898540
Jul 21, 2020 - NENG v1.4.0.2 Released for MacOS Upgrade with Catalina https://bitcointalk.org/index.php?topic=5027091.msg54839522#msg54839522
Jul 19, 2020 - NENG v1.4.0.1 Released for MacOS Wallet Upgrade https://bitcointalk.org/index.php?topic=5027091.msg54830333#msg54830333
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining, Ubuntu 20.04 support https://bitcointalk.org/index.php?topic=5027091.msg54803639#msg54803639
Jul 11, 2020 - NENG v1.4.0 Android Mining, randomSpike Evaluation https://bitcointalk.org/index.php?topic=5027091.msg54777222#msg54777222
Jun 27, 2020 - Pre-Announce: NENG v1.4.0 Proposal for Mobile Miner Upgrade, Android Mining Start in July 2020 https://bitcointalk.org/index.php?topic=5027091.msg54694233#msg54694233
Jun 19, 2020 - Best Practice for Futurebit Moonlander2 USB ASIC on solo mining mode https://bitcointalk.org/index.php?topic=5027091.msg54645726#msg54645726
Mar 15, 2020 - Scrypt RandomSpike - NENG v1.3.0.1 Released for better wallet syncing https://bitcointalk.org/index.php?topic=5027091.msg54030923#msg54030923
Feb 23, 2020 - Scrypt RandomSpike - NENG Core v1.3.0 Relased, Hardfork on Mar 1 https://bitcointalk.org/index.php?topic=5027091.msg53900926#msg53900926
Feb 1, 2020 - Scrypt RandomSpike Proposal Published- NENG 1.3.0 Hardfork https://bitcointalk.org/index.php?topic=5027091.msg53735458#msg53735458
Jan 15, 2020 - NewEnglandcoin Dev Team Expanded with New Kickoff https://bitcointalk.org/index.php?topic=5027091.msg53617358#msg53617358
Jan 12, 2020 - Explanation of Base Diff Reset and Effect of Supply https://www.reddit.com/NewEnglandCoin/comments/envmo1/explanation_of_base_diff_reset_and_effect_of/
Dec 19, 2019 - Shoreline_tradingbot version 1.0 is released https://bitcointalk.org/index.php?topic=5121953.msg53391184#msg53391184
Sept 1, 2019 - NewEnglandcoin (NENG) is Selected as Shoreline Tradingbot First Supported Coin https://bitcointalk.org/index.php?topic=5027091.msg52331201#msg52331201
Aug 15, 2019 - Mining Update on Effect of Base Difficulty Reset, GPU vs ASIC https://bitcointalk.org/index.php?topic=5027091.msg52169572#msg52169572
Jul 7, 2019 - CPU Mining on macOS Mojave is supported under latest Cheetah_Cpuminer Release https://bitcointalk.org/index.php?topic=5027091.msg51745839#msg51745839
Jun 1, 2019 - NENG Fiat project is stopped by Square, Inc https://bitcointalk.org/index.php?topic=5027091.msg51312291#msg51312291
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto https://bitcointalk.org/index.php?topic=5027091.msg50714764#msg50714764
Apr 7, 2019 - Announcement of Fiat Project for all U.S. Residents & Mobile Miner Project Initiation https://bitcointalk.org/index.php?topic=5027091.msg50506585#msg50506585
Apr 1, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50417196#msg50417196
Mar 27, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50332097#msg50332097
Mar 17, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50208194#msg50208194
Feb 26, 2019 - Community Project - NewEnglandcoin Graphic Redesign Bounty Initiated https://bitcointalk.org/index.php?topic=5027091.msg49931305#msg49931305
Feb 22, 2019 - Dev Policy on Checkpoints on NewEnglandcoin https://bitcointalk.org/index.php?topic=5027091.msg49875242#msg49875242
Feb 20, 2019 - NewEnglandCoin v1.2.1 Released to Secure the Hard Kork https://bitcointalk.org/index.php?topic=5027091.msg49831059#msg49831059
Feb 11, 2019 - NewEnglandCoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork https://bitcointalk.org/index.php?topic=5027091.msg49685389#msg49685389
Jan 13, 2019 - Cheetah_CpuMiner added support for CPU Mining on Mac https://bitcointalk.org/index.php?topic=5027091.msg49218760#msg49218760
Jan 12, 2019 - NENG Core v1.1.2 Released to support MacOS OSX Wallet https://bitcointalk.org/index.php?topic=5027091.msg49202088#msg49202088
Jan 2, 2019 - Cheetah_Cpuminer v1.1.0 is released for both Linux and Windows https://bitcointalk.org/index.php?topic=5027091.msg49004345#msg49004345
Dec 31, 2018 - Technical Whitepaper is Released https://bitcointalk.org/index.php?topic=5027091.msg48990334#msg48990334
Dec 28, 2018 - Cheetah_Cpuminer v1.0.0 is released for Linux https://bitcointalk.org/index.php?topic=5027091.msg48935135#msg48935135
Update on Dec 14, 2018 - NENG Blockchain Stuck Issue https://bitcointalk.org/index.php?topic=5027091.msg48668375#msg48668375
Nov 27, 2018 - Exclusive for PC CPU Miners - How to Steal a Block from ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48258465#msg48258465
Nov 28, 2018 - How to CPU Mine a NENG block with window/linux PC https://bitcointalk.org/index.php?topic=5027091.msg48298311#msg48298311
Nov 29, 2018 - A Warning to ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708
Disclosure: Dev Team Came from ShorelineCrypto, a US based Informatics Service Business offering Fee for service for Coin Creation, Coin Exchange Listing, Blockchain Consulting, etc.
submitted by honglu69 to NewEnglandCoin [link] [comments]

Reddcoin (RDD) 02/20 Progress Report - Core Wallet v3.1 Evolution & PoSV v2 - Commits & More Commits to v3.1! (Bitcoin Core 0.10, MacOS Catalina, QT Enhanced Speed and Security and more!)

Reddcoin (RDD) Core Dev Team Informal Progress Report, Feb 2020 - As any blockchain or software expert will confirm, the hardest part of making successful progress in blockchain and crypto is invisible to most users. As developers, the Reddcoin Core team relies on internal experts like John Nash, contributors offering their own code improvements to our repos (which we would love to see more of!) and especially upstream commits from experts working on open source projects like Bitcoin itself. We'd like tothank each and everyone who's hard work has contributed to this progress.
As part of Reddcoin's evolution, and in order to include required security fixes, speed improvements that are long overdue, the team has up to this point incorporated the following code commits since our last v3.0.1 public release. In attempting to solve the relatively minor font display issue with MacOS Catalina, we uncovered a complicated interweaving of updates between Reddcoin Core, QT software, MacOS SDK, Bitcoin Core and related libraries and dependencies that mandated we take a holistic approach to both solve the Catalina display problem, but in doing so, prepare a more streamlined overall build and test system, allowing the team to roll out more frequent and more secure updates in the future. And also to include some badly needed fixes in the current version of Core, which we have tentatively labeled Reddcoin Core Wallet v3.1.
Note: As indicated below, v3.1 is NOT YET AVAILABLE FOR DOWNLOAD BY PUBLIC. We wil advise when it is.
The new v3.1 version should be ready for internal QA and build testing by the end of this week, with luck, and will be turned over to the public shortly thereafter once testing has proven no unexpected issues have been introduced. We know the delay has been a bit extended for our ReddHead MacOS Catalina stakers, and we hope to have them all aboard soon. We have moved with all possible speed while attempting to incorproate all the required work, testing, and ensuring security and safety for our ReddHeads.
Which leads us to: PoSV v2 activation and the supermajority on Mainnet at the time of this writing has reached 5625/9000 blocks or 62.5%. We have progressed quite well and without any reported user issues since release, but we need all of the community to participate! This activation, much like the funding mechanisms currently being debated by BCH and others, and employed by DASH, will mean not only a catalyst for Reddcoin but ensure it's future by providing funding for the dev team. As a personal plea from the team, please help us support the PoSV v2 activation by staking your RDD, no matter how large or small your amount of stake.
Every block and every RDD counts, and if you don't know how, we'll teach you! Live chat is fun as well as providing tech support you can trust from devs and community ReddHead members. Join us today in staking and online and collect some RDD "rain" from users and devs alike!
If you're holding Reddcoin and not staking, or you haven't upgraded your v2.x wallet to v3.0.1 (current release), we need you to help achieve consensus and activate PoSV v2! For details, see the pinned message here or our website or medium channel. Upgrade is simple and takes moments; if you're nervous or unsure, we're here to help live in Telegram or Discord, as well as other chat programs. See our website for links.
Look for more updates shortly as our long-anticipated Reddcoin Payment Gateway and Merchant Services API come online with point-of-sale support, as we announce the cross-crypto-project Aussie firefighter fundraiser program, as well as a comprehensive update to our development roadmap and more.
Work has restarted on ReddID and multiple initiatives are underway to begin educating and sharing information about ReddID, what it is, and how to use it, as we approach a releasable ReddID product. We enthusiastically encourage anyone interested in working to bring these efforts to life, whether writers, UX/UI experts, big data analysts, graphic artists, coders, front-end, back-end, AI, DevOps, the Reddcoin Core dev team is growing, and there's more opportunity and work than ever!
Bring your talents to a community and dev team that truly appreciates it, and share the Reddcoin Love!
And now, lots of commits. As v3.1 is not yet quite ready for public release, these commits have not been pushed publicly, but in the interests of sharing progress transparently, and including our ReddHead community in the process, see below for mind-numbing technical detail of work accomplished.
e5c143404 - - 2014-08-07 - Ross Nicoll - Changed LevelDB cursors to use scoped pointers to ensure destruction when going out of scope. *99a7dba2e - - 2014-08-15 - Cory Fields - tests: fix test-runner for osx. Closes ##4708 *8c667f1be - - 2014-08-15 - Cory Fields - build: add funcs.mk to the list of meta-depends *bcc1b2b2f - - 2014-08-15 - Cory Fields - depends: fix shasum on osx < 10.9 *54dac77d1 - - 2014-08-18 - Cory Fields - build: add option for reducing exports (v2) *6fb9611c0 - - 2014-08-16 - randy-waterhouse - build : fix CPPFLAGS for libbitcoin_cli *9958cc923 - - 2014-08-16 - randy-waterhouse - build: Add --with-utils (bitcoin-cli and bitcoin-tx, default=yes). Help string consistency tweaks. Target sanity check fix. *342aa98ea - - 2014-08-07 - Cory Fields - build: fix automake warnings about the use of INCLUDES *46db8ad51 - - 2020-02-18 - John Nash - build: add build.h to the correct target *a24de1e4c - - 2014-11-26 - Pavel Janík - Use complete path to include bitcoin-config.h. *fd8f506e5 - - 2014-08-04 - Wladimir J. van der Laan - qt: Demote ReportInvalidCertificate message to qDebug *f12aaf3b1 - - 2020-02-17 - John Nash - build: QT5 compiled with fPIC require fPIC to be enabled, fPIE is not enough *7a991b37e - - 2014-08-12 - Wladimir J. van der Laan - build: check for sys/prctl.h in the proper way *2cfa63a48 - - 2014-08-11 - Wladimir J. van der Laan - build: Add mention of --disable-wallet to bdb48 error messages *9aa580f04 - - 2014-07-23 - Cory Fields - depends: add shared dependency builder *8853d4645 - - 2014-08-08 - Philip Kaufmann - [Qt] move SubstituteFonts() above ToolTipToRichTextFilter *0c98e21db - - 2014-08-02 - Ross Nicoll - URLs containing a / after the address no longer cause parsing errors. *7baa77731 - - 2014-08-07 - ntrgn - Fixes ignored qt 4.8 codecs path on windows when configuring with --with-qt-libdir *2a3df4617 - - 2014-08-06 - Cory Fields - qt: fix unicode character display on osx when building with 10.7 sdk *71a36303d - - 2014-08-04 - Cory Fields - build: fix race in 'make deploy' for windows *077295498 - - 2014-08-04 - Cory Fields - build: Fix 'make deploy' when binaries haven't been built yet *ffdcc4d7d - - 2014-08-04 - Cory Fields - build: hook up qt translations for static osx packaging *25a7e9c90 - - 2014-08-04 - Cory Fields - build: add --with-qt-translationdir to configure for use with static qt *11cfcef37 - - 2014-08-04 - Cory Fields - build: teach macdeploy the -translations-dir argument, for use with static qt *4c4ae35b1 - - 2014-07-23 - Cory Fields - build: Find the proper xcb/pcre dependencies *942e77dd2 - - 2014-08-06 - Cory Fields - build: silence mingw fpic warning spew *e73e2b834 - - 2014-06-27 - Huang Le - Use async name resolving to improve net thread responsiveness *c88e76e8e - - 2014-07-23 - Cory Fields - build: don't let libtool insert rpath into binaries *18e14e11c - - 2014-08-05 - ntrgn - build: Fix windows configure when using --with-qt-libdir *bb92d65c4 - - 2014-07-31 - Cory Fields - test: don't let the port number exceed the legal range *62b95290a - - 2014-06-18 - Cory Fields - test: redirect comparison tool output to stdout *cefe447e9 - - 2014-07-22 - Cory Fields - gitian: remove unneeded option after last commit *9347402ca - - 2014-07-21 - Cory Fields - build: fix broken boost chrono check on some platforms *c9ed039cf - - 2014-06-03 - Cory Fields - build: fix whitespace in pkg-config variable *3bcc5ad37 - - 2014-06-03 - Cory Fields - build: allow linux and osx to build against static qt5 *01a44ba90 - - 2014-07-17 - Cory Fields - build: silence false errors during make clean *d1fbf7ba2 - - 2014-07-08 - Cory Fields - build: fix win32 static linking after libtool merge *005ae2fa4 - - 2014-07-08 - Cory Fields - build: re-add AM_LDFLAGS where it's overridden *37043076d - - 2014-07-02 - Wladimir J. van der Laan - Fix the Qt5 build after d95ba75 *f3b4bbf40 - - 2014-07-01 - Wladimir J. van der Laan - qt: Change serious messages from qDebug to qWarning *f4706f753 - - 2014-07-01 - Wladimir J. van der Laan - qt: Log messages with type>QtDebugMsg as non-debug *98e85fa1f - - 2014-06-06 - Pieter Wuille - libsecp256k1 integration *5f1f2e226 - - 2020-02-17 - John Nash - Merge branch 'switch_verification_code' into Build *1f30416c9 - - 2014-02-07 - Pieter Wuille - Also switch the (unused) verification code to low-s instead of even-s. *1c093d55e - - 2014-06-06 - Cory Fields - secp256k1: Add build-side changes for libsecp256k1 *7f3114484 - - 2014-06-06 - Cory Fields - secp256k1: add libtool as a dependency *2531f9299 - - 2020-02-17 - John Nash - Move network-time related functions to timedata.cpp/h *d003e4c57 - - 2020-02-16 - John Nash - build: fix build weirdness after 54372482. *7035f5034 - - 2020-02-16 - John Nash - Add ::OUTPUT_SIZE *2a864c4d8 - - 2014-06-09 - Cory Fields - crypto: create a separate lib for crypto functions *03a4e4c70 - - 2014-06-09 - Cory Fields - crypto: explicitly check for byte read/write functions *a78462a2a - - 2014-06-09 - Cory Fields - build: move bitcoin-config.h to its own directory *a885721c4 - - 2014-05-31 - Pieter Wuille - Extend and move all crypto tests to crypto_tests.cpp *5f308f528 - - 2014-05-03 - Pieter Wuille - Move {Read,Write}{LE,BE}{32,64} to common.h and use builtins if possible *0161cc426 - - 2014-05-01 - Pieter Wuille - Add built-in RIPEMD-160 implementation *deefc27c0 - - 2014-04-28 - Pieter Wuille - Move crypto implementations to src/crypto/ *d6a12182b - - 2014-04-28 - Pieter Wuille - Add built-in SHA-1 implementation. *c3c4f9f2e - - 2014-04-27 - Pieter Wuille - Switch miner.cpp to use sha2 instead of OpenSSL. *b6ed6def9 - - 2014-04-28 - Pieter Wuille - Remove getwork() RPC call *0a09c1c60 - - 2014-04-26 - Pieter Wuille - Switch script.cpp and hash.cpp to use sha2.cpp instead of OpenSSL. *8ed091692 - - 2014-04-20 - Pieter Wuille - Add a built-in SHA256/SHA512 implementation. *0c4c99b3f - - 2014-06-21 - Philip Kaufmann - small cleanup in src/compat .h and .cpp *ab1369745 - - 2014-06-13 - Cory Fields - sanity: hook up sanity checks *f598c67e0 - - 2014-06-13 - Cory Fields - sanity: add libc/stdlib sanity checks *b241b3e13 - - 2014-06-13 - Cory Fields - sanity: autoconf check for sys/select.h *cad980a4f - - 2019-07-03 - John Nash - build: Add a top-level forwarding target for src/ objects *f4533ee1c - - 2019-07-03 - John Nash - build: qt: split locale resources. Fixes non-deterministic distcheck *4a0e46e76 - - 2019-06-29 - John Nash - build: fix version dependency *2f61699d9 - - 2019-06-29 - John Nash - build: quit abusing AMCPPFLAGS *99b60ba49 - - 2019-06-29 - John Nash - build: avoid the use of top and abs_ dir paths *c8f673d5d - - 2019-06-29 - John Nash - build: Tidy up file generation output *5318bce57 - - 2019-06-29 - John Nash - build: nuke Makefile.include from orbit *672a25349 - - 2019-06-29 - John Nash - build: add stub makefiles for easier subdir builds *562b7c5a6 - - 2020-02-08 - John Nash - build: delete old Makefile.am's *066120079 - - 2020-02-08 - John Nash - build: Switch to non-recursive make
Whew! No wonder it's taken the dev team a while! :)
TL;DR: Trying to fix MacOS Catalina font display led to requiring all kinds of work to migrate and evolve the Reddcoin Core software with Apple, Bitcoin and QT components. Lots of work done, v3.1 public release soon. Also other exciting things and ReddID back under active dev effort.
submitted by TechAdept to reddCoin [link] [comments]

Groestlcoin 6th Anniversary Release

Introduction

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.

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

Other Linux

http://groestlcoin.org/forum/index.php?topic=97.0

Download

Download the Windows Installer (64 bit) here
Download the Windows Installer (32 bit) here
Download the Windows binaries (64 bit) here
Download the Windows binaries (32 bit) here
Download the OSX Installer here
Download the OSX binaries here
Download the Linux binaries (64 bit) here
Download the Linux binaries (32 bit) here
Download the ARM Linux binaries (64 bit) here
Download the ARM Linux binaries (32 bit) here

Source

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.

Features

Download

iOS
Android

Source

ALL NEW! – HODL GRS Android Wallet

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.

Features

Download

Main Release (Main Net)
Testnet Release

Source

ALL NEW! – GroestlcoinSeed Savior

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.

Features

Live Version (Not Recommended)

https://www.groestlcoin.org/recovery/

Download

https://github.com/Groestlcoin/mnemonic-recovery/archive/master.zip

Source

ALL NEW! – Vanity Search Vanity Address Generator

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).

Features

Usage

https://github.com/Groestlcoin/VanitySearch#usage

Download

Source

ALL NEW! – Groestlcoin EasyVanity 2020

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).

Features

Download

Source

Remastered! – Groestlcoin WPF Desktop Wallet (v2.19.0.18)

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.

Features

Remastered Improvements

Download

Source

ALL NEW! – BIP39 Key Tool

Groestlcoin BIP39 Key Tool is a GUI interface for generating Groestlcoin public and private keys. It is a standalone tool which can be used offline.

Features

Download

Windows
Linux :
 pip3 install -r requirements.txt python3 bip39\_gui.py 

Source

ALL NEW! – Electrum Personal Server

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.

Features

Download

Windows
Linux / OSX (Instructions)

Source

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.

Changes

Download

Main Net
Main Net (FDroid)
Test Net

Source

UPDATED – Groestlcoin Sentinel 3.5.06 (Android)

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.

Changes

Download

Source

UPDATED – P2Pool Test Net

Changes

Download

Pre-Hosted Testnet P2Pool is available via http://testp2pool.groestlcoin.org:21330/static/

Source

submitted by Yokomoko_Saleen to groestlcoin [link] [comments]

[TUTORIAL] -- How to SAFELY Claim New RNG Coins Using Your Private Keys

[TUTORIAL] -- How to SAFELY Claim New RNG Coins Using Your Private Keys

https://preview.redd.it/u4x1o4p37zc41.png?width=700&format=png&auto=webp&s=01d1ff52c0b7fc1c9ae5bb4f161979ad1f4bb559
I’m a longtime blockchain enthusiast and developer and one of my biggest gripes about this space is how quickly every new project is widely dismissed as a “scam” or “shitcoin” by so many people before it even gets off the ground. Sure, there is a lot of uncharted territory with pirates lurking to steal your bags left and right but with a small amount of personal education you can exist safely in the world of crypto I promise! With this article I aim to help lift your knowledge a little higher while helping keep your funds a little safer!

So What Is Happening?

On Tuesday February 18, 2020 a new coin named Ring (RNG) will be minted. This coin aims to bring two unique and fresh methods of proofing to the crypto game, quite literally: Agent-Based Hive Mining (borrowed from LCC) and Proof-of-Play Mining, where literal gameplay is used to hash and reward miners! To celebrate and help spread the word, the team is giving away claims of free RNG to all holders of the following coins:
  • Litecoin Cash (LCC)
  • Bitcoin (BTC)
  • Dash (DASH)
  • Dogecoin (DOGE)
It's being touted as the world's first crypto "4-way fork" but I'd really call it more of a "4-way claim" since its a brand new chain and not based on the code of any of the rewarded coins. It's simply a clever method of allowing a wider range of coin holders a chance to participate in the launch of these exciting new features!

How Will This Process Work?

On the 18th of February, a balance snapshot will be taken of the four chains listed above. Anyone holding a balance with any of these coins at the time of the snapshot will be forever eligible to claim their RNG at any time. Because the only way to prove ownership of a crypto address is to supply the private keys, and pretty much EVERYONE will tell you to guard those things with your life, below I will outline exactly what to do so there is absolutely 0% risk of losing a single satoshi! This method will apply to ANY claim rewards of any coin in the future as well. Always practice #SafeForking!

How Do I Safely Claim My RNG?

STEP 1 -- BEFORE THE SNAPSHOT -- VERIFY ACCESS TO YOUR PRIVATE KEYS
All core wallets will allow you to export a private key of any address in your wallet but many third party services like exchanges and hot wallets do not allow access to them. In these cases you will need to send your funds out of the third party service and into some kind of personal wallet where you can reach the private keys yourself. Then just wait for the snapshot to happen…
To make things easier on yourself, you can optionally collect your original coins into as few addresses as possible BEFORE the snapshot. Doing so reduces the number of keys you will need to empty and import later. It’s just less work!
\** SNAPSHOT HAPPENS HERE... ****
STEP 2 -- ATER THE SNAPSHOT -- EMPTY ALL ADDRESSES YOU WISH TO CLAIM
After the snapshot is confirmed, withdraw all coins OUT of each of your origin coin addresses into brand new addresses leaving the original ones quite empty. This way when you import later there is NO risk of losing anything! Also know that after you import these private keys you should never use them again for safety’s sake! It’s kind of the whole reason you’re even reading this article in the first place.
STEP 3 -- EXPORT PRIVATE KEYS FOR ALL ADDRESS YOU WISH TO CLAIM
This is the most difficult part, are you ready? Once each claim address is confirmed to be EMPTY, you must obtain each one’s private keys. This will entirely depend on the wallet you use (QT example below) but for all core wallets there is generally an option for exporting private keys somewhere in there. Collect them all!
How to Export QT Wallet Private Keys:⛔️ — DISABLE INTERNET FOR SAFETY — ⛔️- Open the QT wallet client- Click on HELP in the menu bar- Click on DEBUG WINDOW- Click on the CONSOLE tab- Click inside the input box at the bottom(if your wallet is locked…)- Type: walletpassphrase [Password] 600(this unlocks your wallet for 10 minutes)- Type: dumpprivkey [Address]- Copy the output hash, paste it into a list somewhere.(repeat as needed, clear your clipboard history after)- Type: walletlock (if applicable)⚡ — RE-ENABLE YOUR INTERNET —
STEP 4 -- IMPORT ALL PRIVATE KEYS INTO RNG CORE WALLET
\** PLEASE VERIFY THAT EVERY CLAIM ADDRESS IS EMPTY BEFORE CONTINUING... ****
The final step is to simply import each of these private keys into the new Ring Core Wallet to claim your free RNG rewards. The wallet handles this part automatically and you will see your new RNG balance right away. You can find this option under the File > Import Private Keys menu.
Importing a private key is the only way to prove ownership of a crypto address so this is unavoidable if you want to claim new coins from it. The steps above will allow you to prove ownership of your snapshotted address balance plus use its empty key to then claim your new coins thus keeping your original coins completely protected in the brand new address with a new private key (which you should now also keep VERY private!)
By emptying the address before you import it’s private key you eliminate the risk of theft entirely. One cannot take from an already empty jar. It should also be noted to NEVER use the imported address again as an added safety precaution*!*
👏👏👏 DONE! ENJOY YOUR FREE MONEY! 👏👏👏

How Much RNG Will I Receive?

Litecoin Cash holders will receive the highest claim ratio (5000 LCC = 1 RNG) as the LCC team are the ones responsible for creating Ring and wanted to extend a heart-felt thank you to the LCC community for their years of support. All other coins will be based on a 1:1 ratio with the value of Bitcoin at the time of the fork. This of course means 1 BTC = 1 RNG. For DASH and DOGE, however, their BTC market prices will determine their reward ratios. (For example if DASH is trading at 0.015 BTC each, then each DASH coin will net you a reward of 0.015 RNG to match.) Of course you don't need whole coins to claim, partial decimals work just fine!

What Value Will RNG Have?

That, my friends, is entirely up to the markets. No one in the history of crypto has had a perfect track record of price predictions so I'm not even going to try here. I will say, though, having gotten to play with their Testnet a bit so far that I am very impressed with the new Proof-of-Play method and how they have initially implemented it. It bodes very good things for the future of their project and this coin so I personally would expect its value to hold and most likely rise steadily as more people become aware of this groundbreaking new tech and it's potential to expand outward!

Is Litecoin Cash Still Going To Exist?

Absolutely! At least, from what I can gather. LCC has it's own purposes and will continue to be developed on. Ring is not meant to be a replacement or upgrade of any kind to Litecoin Cash. It is an entirely different proofing algorithm and a different mission statement altogether. It's more so meant to help expose the amazing new technologies developed on the LCC blockchain to a wider audience beyond simply its own fan base. If anything it'll act a sister chain that can help expose more folks to LCC in the future!

Disclaimer

While I am a moderator for the Litecoin Cash Discord server, I am writing this from an independent point of view as an educated crypto enthusiast with a passion for helping others navigate these waters. Having been an initial forker and third party developer on top of LCC myself, I feel I have some valuable insight into the direction the team is taking and I wanted to offer some sound advice for the upcoming Ring fork before the FUD gets caked on too thick.
I know a lot of people get scared easily in crypto because of the rampant scamming that goes on but I've watched this team work their asses off for two years to get out from under the stain of Charlie Lee's very biased, uneducated "its a scam" tweet which was endlessly parroted throughout the Litecoin community with nothing but blind party loyalty and no due diligence. The LCC folks are kind, wonderful hard-working people with big hearts and ambition and they have actually developed a unique proofing methodology that is likely going to impress a lot of people!
So before you go jumping on the "it's just another shitcoin" bandwagon please stop and take a real hard look at both Litecoin Cash (LCC) and Ring (RNG): two viable projects with something to bring to the table! If nothing else, hey, just claim your new coins and dump them off for some free money. You literally cannot lose if you PRACTICE SAFE FORKING!!!
Good luck, cryptonauts!
=A=
submitted by auscoine to RingCoin [link] [comments]

[TUTORIAL] -- How to SAFELY Claim New RNG Coins Using Your LCC Private Keys

[TUTORIAL] -- How to SAFELY Claim New RNG Coins Using Your LCC Private Keys

https://preview.redd.it/9csw52aw30d41.png?width=700&format=png&auto=webp&s=53ceb329c9772d7f0abbcc56b44ba405e34dd8a8
I’m a longtime blockchain enthusiast and developer and one of my biggest gripes about this space is how quickly every new project is widely dismissed as a “scam” or “shitcoin” by so many people before it even gets off the ground. Sure, there is a lot of uncharted territory with pirates lurking to steal your bags left and right but with a small amount of personal education you can exist safely in the world of crypto I promise! With this article I aim to help lift your knowledge a little higher while helping keep your funds a little safer!

So What Is Happening?

On Tuesday February 18, 2020 a new coin named Ring (RNG) will be minted. This coin aims to bring two unique and fresh methods of proofing to the crypto game, quite literally: Agent-Based Hive Mining (borrowed from LCC) and Proof-of-Play Mining, where literal gameplay is used to hash and reward miners! To celebrate and help spread the word, the team is giving away claims of free RNG to all holders of the following coins:
  • Litecoin Cash (LCC)
  • Bitcoin (BTC)
  • Dash (DASH)
  • Dogecoin (DOGE)
It's being touted as the world's first crypto "4-way fork" but I'd really call it more of a "4-way claim" since its a brand new chain and not based on the code of any of the rewarded coins. It's simply a clever method of allowing a wider range of coin holders a chance to participate in the launch of these exciting new features!

How Will This Process Work?

On the 18th of February, a balance snapshot will be taken of the four chains listed above. Anyone holding a balance with any of these coins at the time of the snapshot will be forever eligible to claim their RNG at any time. Because the only way to prove ownership of a crypto address is to supply the private keys, and pretty much EVERYONE will tell you to guard those things with your life, below I will outline exactly what to do so there is absolutely 0% risk of losing a single satoshi! This method will apply to ANY claim rewards of any coin in the future as well. Always practice #SafeForking!

How Do I Safely Claim My RNG?

STEP 1 -- BEFORE THE SNAPSHOT -- VERIFY ACCESS TO YOUR PRIVATE KEYS
All core wallets will allow you to export a private key of any address in your wallet but many third party services like exchanges and hot wallets do not allow access to them. In these cases you will need to send your funds out of the third party service and into some kind of personal wallet where you can reach the private keys yourself. Then just wait for the snapshot to happen…
To make things easier on yourself, you can optionally collect your original coins into as few addresses as possible BEFORE the snapshot. Doing so reduces the number of keys you will need to empty and import later. It’s just less work!
\** SNAPSHOT HAPPENS HERE... ****
STEP 2 -- ATER THE SNAPSHOT -- EMPTY ALL ADDRESSES YOU WISH TO CLAIM
After the snapshot is confirmed, withdraw all coins OUT of each of your origin coin addresses into brand new addresses leaving the original ones quite empty. This way when you import later there is NO risk of losing anything! Also know that after you import these private keys you should never use them again for safety’s sake! It’s kind of the whole reason you’re even reading this article in the first place.
STEP 3 -- EXPORT PRIVATE KEYS FOR ALL ADDRESS YOU WISH TO CLAIM
This is the most difficult part, are you ready? Once each claim address is confirmed to be EMPTY, you must obtain each one’s private keys. This will entirely depend on the wallet you use (QT example below) but for all core wallets there is generally an option for exporting private keys somewhere in there. Collect them all!
How to Export QT Wallet Private Keys:
⛔️ — DISABLE INTERNET FOR SAFETY — ⛔️
- Open the QT wallet client
- Click on HELP in the menu bar
- Click on DEBUG WINDOW
- Click on the CONSOLE tab
- Click inside the input box at the bottom
(if your wallet is locked…)
Type: walletpassphrase [Password] 600
(this unlocks your wallet for 10 minutes)
- Type: dumpprivkey [Address]
- Copy the output hash, paste it into a list somewhere.
(repeat as needed, clear your clipboard history after)
- Type: walletlock (if applicable)
⚡ — RE-ENABLE YOUR INTERNET — ⚡
DONE!
STEP 4 -- IMPORT ALL PRIVATE KEYS INTO RNG CORE WALLET
\** PLEASE VERIFY THAT EVERY CLAIM ADDRESS IS EMPTY BEFORE CONTINUING... ****
The final step is to simply import each of these private keys into the new Ring Core Wallet to claim your free RNG rewards. The wallet handles this part automatically and you will see your new RNG balance right away. You can find this option under the File > Import Private Keys menu.
Importing a private key is the only way to prove ownership of a crypto address so this is unavoidable if you want to claim new coins from it. The steps above will allow you to prove ownership of your snapshotted address balance plus use its empty key to then claim your new coins thus keeping your original coins completely protected in the brand new address with a new private key (which you should now also keep VERY private!)
By emptying the address before you import it’s private key you eliminate the risk of theft entirely. One cannot take from an already empty jar. It should also be noted to NEVER use the imported address again as an added safety precaution*!*
👏👏👏 DONE! ENJOY YOUR FREE MONEY! 👏👏👏

How Much RNG Will I Receive?

Litecoin Cash holders will receive the highest claim ratio (5000 LCC = 1 RNG) as the LCC team are the ones responsible for creating Ring and wanted to extend a heart-felt thank you to the LCC community for their years of support. All other coins will be based on a 1:1 ratio with the value of Bitcoin at the time of the fork. This of course means 1 BTC = 1 RNG. For DASH and DOGE, however, their BTC market prices will determine their reward ratios. (For example if DASH is trading at 0.015 BTC each, then each DASH coin will net you a reward of 0.015 RNG to match.) Of course you don't need whole coins to claim, partial decimals work just fine!

What Value Will RNG Have?

That, my friends, is entirely up to the markets. No one in the history of crypto has had a perfect track record of price predictions so I'm not even going to try here. I will say, though, having gotten to play with their Testnet a bit so far that I am very impressed with the new Proof-of-Play method and how they have initially implemented it. It bodes very good things for the future of their project and this coin so I personally would expect its value to hold and most likely rise steadily as more people become aware of this groundbreaking new tech and it's potential to expand outward!

Is Litecoin Cash Still Going To Exist?

Absolutely! At least, from what I can gather. LCC has it's own purposes and will continue to be developed on. Ring is not meant to be a replacement or upgrade of any kind to Litecoin Cash. It is an entirely different proofing algorithm and a different mission statement altogether. It's more so meant to help expose the amazing new technologies developed on the LCC blockchain to a wider audience beyond simply its own fan base. If anything it'll act a sister chain that can help expose more folks to LCC in the future!

Disclaimer

While I am a moderator for the Litecoin Cash Discord server, I am writing this from an independent point of view as an educated crypto enthusiast with a passion for helping others navigate these waters. Having been an initial forker and third party developer on top of LCC myself, I feel I have some valuable insight into the direction the team is taking and I wanted to offer some sound advice for the upcoming Ring fork before the FUD gets caked on too thick.
I know a lot of people get scared easily in crypto because of the rampant scamming that goes on but I've watched this team work their asses off for two years to get out from under the stain of Charlie Lee's very biased, uneducated "its a scam" tweet which was endlessly parroted throughout the Litecoin community with nothing but blind party loyalty and no due diligence. The LCC folks are kind, wonderful hard-working people with big hearts and ambition and they have actually developed a unique proofing methodology that is likely going to impress a lot of people!
So before you go jumping on the "it's just another shitcoin" bandwagon please stop and take a real hard look at both Litecoin Cash (LCC) and Ring (RNG): two viable projects with something to bring to the table! If nothing else, hey, just claim your new coins and dump them off for some free money. You literally cannot lose if you PRACTICE SAFE FORKING!!!
Good luck, cryptonauts!
=A=
submitted by auscoine to LCCofficial [link] [comments]

Humans help the Andalites... Again. Ch.1

The war against the Yeerks was over, both the Andalites and Humans races enjoyed a time of blossoming peace, trade, and prosperity. The Humans faired well in the aftermath of the war, Earth being spared mass commitment or damage, and little loss of life. The Andalites were advanced, but weakened, from the long war against the now defeated and subjugated parasitic slug-like race of Yeerks. The part deer, part scorpion, part human looking Andalite race was slowly recovering from the war and wearily exploring new opportunities for trade with its new "friend", the Humans.
The Andalites are a powerful race, with some of the best technology in their explored corner of the galaxy. A warrior species at heart, Andalites are well developed for combat, with 4 eyes, 2 of those eyes on bendable stalks, 4 strong legs, a deadly fast tail with a scorpion blade, and a bright mind. Though fairly gentle hearted by nature, the Andalite's 100 million or so members nonetheless appreciate the role of the warrior more than almost anything, other than maybe family, being that they live in close knitted groups in their outdoor homes called "scoops".
The Andalites were fairly proud race, and some may call them arrogant about their abilities, technology and their species. They did not think all that much of the Human race and what they could bring to the table, and were naturally suspicious due to the Yeerks betrayal of the Andalites in the past. The Humans, however, proved themselves to be very able at waging war, with a paltry 5 human teenagers and 1 Andalites cadet managing to topple the powerful Yeerk empire with well-timed guerrilla attacks and smart thinking, combined with illegally gifted Andalite morphing technology from the war-price Andalite hero Elfangor.
The Human race lost approximately 90,000 souls from the Yeerk infiltration of Earth. The slug-like Yeerks, who takes over their host's brains and bodies, can perfectly mimic a person and use their memories and brains to help them do so. Thousands of people were killed by their controlling Yeerks who rathered go out fighting then be starved to death from lack of their precious Kandrona rays generators. While few Humans were killed during the actual "war", there were some deaths from the Animorphs guerrilla fighters vs infested humans and free Human vs Yeerk forces. Tens of thousands of civilians were also killed during suicidal bombing attacks on Yeerk infestation centers by the small teenaged Human guerrilla force and their Andalite companion.
The Humans proved themselves to be tenacious, determined, adaptive, quick learning, and good in a fight. Surprising everyone, the Human race managed to beat back an invasion from a species most Humans had no idea existed. Humans did not just beat back the invasion, they managed to take over a pool ship, and transferred its command codes to the Andalite, allowing them to snap up a major yeerk fleet and the Yeerks top ranking general. With the Yeerk high command in turmoil, their top generals all dead or captured due to Humans, and in some cases civil-war between other yeerks, the Andalites were able to use the stolen Yeerk command data and a promise of morphing out of their bodies to subdue the Yeerks and blockade their homeworlds.
Humans were new to the galactic scene, but already were making waves, Human body morph permissions and foodcourt establishments on the Andalite homeworld promised Humans a big bargaining chip in trade with the Andalites. The Andalites did not have mouths themselves but could morph to human to experience taste, and it was becoming a booming trade, helping secure technology transfer deals to the Humans benefit. The technology transfers were coming somewhat slowly, but, Humans were already making giant leaps and their first faster than light spaceship was already under construction. Humans also reversed engineered some captured yeerk technology, circumventing the Andalites refusal to trade weapons tech.
The Andilites were somewhat wary of the Humans, while most Andalite civilians loved that Humans and Andalite cooperate well together and wanted good relations, Andalite command was less warm to the upstart and primitive race of humans. Andalites viewed human technology to be laughable, with every piece of human tech shocking Andalites with how old school it is, how dangerous it is, or how Humans even managed to get that far yet. Andalites high command viewed Humans as unpredictable, self-serving, primitive, and very weak looking creatures. Humans only had 2 legs, and 2 eyes, and looked as if they could barely stand up, lacking any tail! Humans were helplessly weak and had no real advantage to their bodies, the only reason yereks even wanted Humans was that they were too weak to resist, had fairly good senses and hands to handles technology, and had a supermassive 6 billion hosts bodies available. The one thing Andalite command hated the most about Humans, however, was that they could be competition.
Humans, as stated before, are in a laughably primitive state compared to Andalites or any other spare fairing civilization, such as the Skirt-Naa or the Leer. Most Andalites would be surprised to learn that a Human even knew about black holes. Most Andalite would be surprised that Humans invented books before the computer, as if the idea of powerless instantly accessible data was simple to think of. Most Andalites would be surprised to learn that Humans went from their first flight, to their moon, in just 60 years, 3 times faster than the Andalites. And most Andalites would be a bit nervous, more so than surprised, to find out that Humans went from having a man walk on their moon to discovering and inventing a Zero-space faster than light communication device in 50 years, right around the middle of the invasion of Earth by the yeerks.
The Human race works well with Andalites, both feeling a kindred with one another easily. Even before the invasion of Earth, a pair of teenage Humans would frequently surprise the to-be War price Elfangor when he was a cadet. Elfangor would be constantly surprised at how the soft, weak, and unsteady looking human body could take an amazing amount of punishment and still recover. and could be surprisingly strong and capable with their powerful and well-adapted arms and hands. Even the Humans unstable-looking 2 legs could be rather effective in giving the Human mobility in terms of running, jumping, and dodging. The young Elfangor found that both of his Human charges, kidnapped from their home planet, were rather determined. In fact, both of them had a key part to play in setting the stage for the eventual invasion of Earth. One for good, and one for evil. Truth be told, chances are the yeerks would have come either way, but, even 2 Human teenagers can have a huge impact on the galaxy many years down the road.
Peace now reigned, but it was to be short-lived, the Kelbrid bordered Andalite space, and may have killed an Andalite prince and former Animorph. Prince Aximilli, Elfangors younger brother, had survived the war on earth as a cadet and sole Andalite on the Animorphs team, and sole Andalite on earth, in general, most of the time. As a new prince and war hero, "Ax" was given the task of hunting down a rouge Yeerk force in a powerful "blade-ship" class cruiser. Ax's Andalites cruiser broke a treaty to stay out of each others space that was brokered with the Kelbrid, and after entering Kelbrid space Ax's cruiser was inspecting a craft it found via boarding party when the ship opened fire on Ax's vessel. Ax's ship had no choice but to run, and was subject to further attack, with only 1 survivor saved to tell the tale of Ax's capture on the strange ship they encountered during the search for the Blade ship.
The Andalite could not risk a war by entering Keldbrid space, even though they knew their hero was likely captured on a potentially Kelbrid ship. With 1 primary Animorph in addition to all the handicapped child auxiliary Animorphs killed, due to various suicide attacks at the end of the Yeerk war, 3 out of the 4 remaining Animorphs go on a mission to save their friend Ax, and all of them, the 3 rescuers and Ax, are killed in a suicide attack by the would-be rescuers, after learning their friend Ax was twisted into an abomination of a new sort, and that they were outclassed and under-prepared. The last known transmission from the Animorphs leader on the rescue mission was, "Ram the blade ship." There is only one confirmed Animorph left alive from the over 20 prime and auxiliary Animorphs during the war with the Yeerks, the intuitive tree hugger, Cassie. All known Animorph deaths have occurred due to suicide attacks, with the exception of one, and the possible exception of a second, (depending on if a suicide wish was granted to ease an evil traitor Animorphs pain of being stuck in rat morph to his arch-rival Animorphs who hovered on the edge of good and going too far down the path of becoming a monster herself. Nobody knows if she granted his death wish.)
With all known Animorphs dead, save for 1, and the Andalite war prince Ax believed dead, tensions rise in the command rooms for both Andalites and Humans, especially for the Andalites, who territorial space bordered the Kelbrid. The mission to rescue Aximilli lost Humanity its best heroes, and the Andalites lost their greatest war hero for good this time, the little brother of war-prince Elfangor was dead, as was almost the entire Animorphs team. Even Arborn, a fellow cadet and friend of Elfangor who was trapped in Taxxon morph, was dead, shot by a poacher on earth, after the war with the Yeerks ended. All the heroes who beat back the Yeerk invastion of the galaxy, with the exception of the tree hugger Cassie, were now dead, and not even the powerful time warping Ellimist would be able to bring them back this time, not being allowed in his comic game of chess to do them any other favors. The Andalites now had to worry about the fallout of the incursions into Kelbrid space, and both races would have to explain their Heros mysterious disappearances to its people using lies and tall tales.
As the Andalites desperately tried to predict what the Keldbrid race would do next, Humans continued to advance into making the transition to a galactic civilization. The moon was colonized with bases, thousands of humans now lived there in science and military outposts. Humanity continued to advance, the first "Zero Space" was launched, a second and third launched a few months later. With new each ship made, Humans modified, optimized, and resigned them to be better, faster, and more spaceworthy. Weapons on human spacecraft were still unheard of, but Human leadership was planning on adding those soon, the Human-modified dracon beams taken from the defeated yeerks being renamed "phasers" and given better damage and longer burst rates thanks to Human ingenuity. As the Andalites became to scan their borders fervently, Humans began to learn the art of weaponizing their space-ships with laser weaponry and began exploring captured shield tech and learning how it worked.
Years past, Andalite and Humans are rarely found in each other territory anymore. The Andalites have become recluse, nobody knows why, but they claim its to protect their species identity in these news times of species to species contact. The Humans and Andalites were working together on various business and governmental endeavors when suddenly, the Andalite high command issued orders to cease most contact with Humans, citing cultural identity concerns and the need to slow down and take more time to build trust. Humans were confused, the Andalite military folks could be a bit arrogant, but, Andalites and Humans got on pretty well, and Humans did not understand the sudden pullback in Andalite policy. Secretly, despite all the talk about "trust", Humans began to spy. They wanted to know what exactly was going on with the Andalites, and it did not help for Human leadership to secretly know that Andalite high command was planning on glassing planet Earth in a scorched earth policy during the war to stop the yeerks, and only reluctantly change gears after the Animorphs handed them a whole Yeerk fleet and the top general of the Yeerks.
The Andalites grew more distant, and Humanity watched from afar, using their secret Z-space telescopes to spy on Andalites planets and military movements. The Andalites were not an expansive race, having little desire to conquer new land, they only had 3 planets under their control. 20 years after the war with the yeerks, Humans were in the middle of terraforming Mars, and the moon was a full-fledged base of Humanity, with over 100,000 souls living there in domes and enclosed buildings. Humans had no real military space force, but the moon did contain powerful plasma turrets on its surface, with enough fire-power in its somewhat primitive model to surprise the Andalites, had they bothered to keep tabs anymore. The Andalites knew about the plasma turrets of course, but they did not care too much to check them out, and assumed humans had no real ability other than fighting wars limited to their own planet, and only shadow-based wars at that, believing humans to be unable to stand up to an advanced force of any kind with real numbers supporting them. The Andalites were occupied with something... Else... And Human leadership wanted to know what.
Andalite fleet movement had been detected by Human Z-space spy telescopes, lots of it, and Human leadership knew what it must be... War. They were not sure who the Andalites were gearing up to fight, but, Human leadership suspected it was the Kelbrid, knowing of the secret missions Andalites had taking place in their territory. The Kelbrid were considered to be advanced, powerful, and savage, but were known to keep their agreements, they would likely be very angry about their borders being intruded by Andalites after the agreement they made to stay out of each other's way. The Human leadership know what the signs pointed to, Humans had spent its whole existence fighting and killing, and it knew a fight brewing when it saw one. Humans made upgrades to their z-space spy scopes to take a better look at Andalite territory, what they found, was scary, if not surprising. The Andalites were indeed at war, and losing, badly.
The Andalites were in a panic, one of their worlds was burning, millions of Andalites dead, and the whole system it resided in was lost. The Andalites lost nearly half their fleet in trying to save their third planet and newest acquisition. After downsizing their military only 20 years ago, the newest generation of Andalites was tapped for war and hundreds of new ships were built at a frantic pace. The Andalite cadets knew what was expected of them.
Humans watched the development with great interest, they saw the third planet of the Andalites, Teeassic, burn. None seemed to be left alive, and the fleet around its orbit was devested. Humans watched as the Andalites pulled back to their remaining 2 planets, and build new more defense platforms to ring them. The Kelbrid were clearly a powerful foe, their ships massive in size, though old, and having massive firepower and defense shielding on their ships. Even the mighty Andalites dome ships, with shedder lasers that could punch a hole in a moon, were hard-pressed to stop even 1 Kelbrid battlecruiser. Humans watched as the Kelbrid matched the Andalites with 1 capital ship for every 3 of the Andalites own. The Andalites, while powerful, had clearly met their match, the Kelbrid was stronger than the yeerks and could push the Andalites back with their fierceness. Andalites, however, are brave to the point of ridiculousness, much like Humans, and the Andalites did not hesitate to self-sacrifice to attempt to win the war. Out of honor for their people, the Andalites forces again and again committed themselves to suicide attacks, fights that led to the self-destruction of the vessel they resided on, and just generally INSANE acts of heroism to try to stop the Kelbrid. But it was not enough, and the Andalites found themselves pushed out of open space and huddled around their 2 remaining planets.
All this time, the Andalites pretended nothing was wrong to the Humans. Civilian contact was cut off years ago, and Andalite military command, that acted as the species overall government more often than not, would send less frequent ambassadors, who nonetheless insisted everything was "fine" and the Andalite just wanted to take things slowly with Humans. For a time, Human leadership, consisting of the semi-centralized new earth government, took them at face value but grew less and less accepting of the excuses over time. The Humans did not want to admit to spying, but, it was a non-invasive long-range visual observation method, using holes in space-time, so they did not feel too ashamed of themselves for admitting it. Besides, the Andalites were losing and clearly needed help, badly. After witnessing a failed but close contested attack on the Andalites second planet, Luaminoa, Humans knew the Andalites were risking destruction and felt compelled to do something and say something.
Planet: Earth Year: 2022 Ambassador to the Andalites office, Washington D.C.
An old, haggard-looking Andalite of 160 years walks through the tall and wide door to the Ambassador's office, finding their species could not properly sit down like humans, a comfortable carpet would make due instead of a chair for the Andalite ambassador. The Andalite faces a middle-aged human of 40 years old, the blue-furred Andalite looks at the Human man standing before him, a man with bright blue clears eyes and a smile but sad smile on his face.
"Hello ambassador Theor-Getil-Illii", says the Human, using the Andalites full name rather then the shortened version. The Human did not shake the Andalites hand, knowing they are more fragile appendages than the ones Humans have. , said the Andalite telepathically, with a modest bow of its stalk-eyed head and human-like torso. , asked the Andalite. The small smiled faded off the Human ambassador's face, and in its wake was just sadness. "Theor", using the Andalites shorten named, "What is happening to your people?" The Andalite paused for a moment, seemed slightly taken aback, and responded. "Yes you do", the Human ambassador responded. "Your people are at war, and you are losing". The Andalites 4 eyes, trained on the Human, got big and his body tensed. The Human, not waiting for a response, continued. "We know you are down to 2 of your planets and are in a defensive position around their orbits, and we know about the Kelbrid and what is going on." The Andalite looked at ambassador Paul, and after a moment, asked,
the Andalite asked incredulously. "Well..." said the Human. "They really are more like micro cameras that look through micro holes in Z-space.", the Human explained. "Using just a tiny amount of energy, we can create a high-speed tunnel through Z-space, with nothing in the tunnel but a simple stream of quarks. The force of those quark streams keeps a small rift open that we peak inside of using a tiny camera that picks up on photons that enter the Z-space hole created as the quarks squeeze out of it.", the Human lectured. "This allows us to send tiny mass through Z-space at extremely high speeds, allowing for near-instant observation at the end of the tunnel created by the mass exiting Z-space at the target observation area." Shocked, Theor-Getil-Illii simply started at the Human, for a long time. The Human waited, and after a time, the Andalite seemed to find his thought-speak voice. , the Andalite babbled. , said the Andalite, trying to sound calm.
The old Andalite ambassador read Aximillis report, but could hardly believe it, let alone allow its impact to truly wash over him. However, the truth of Human now started to dawn him, and his body grew cold as his smart mind did the calculations and he thought to himself. The Andalite looked again at the Human, , the Andalite said slowly and half-mindedly> The Human nooded, understanding how the Andalite must feel, "Yes, we know we are the type to advance quickly compared to the most races we have learned of, it's just in our nature.", the Human said slightly sadly, "We just hope for the best", Paul said. Looking at the quite Andalite, Paul said, "Now, have you considered asking us for help? We would be willing to aid you, freely." Theor took a moment to think about that statement, before responding, Theor-Getil-Illii replied, borrowing the Human phrase to express a problem.
, Theor asked while taking a deep breath. "Certainly", said Paul. Theor started. Theor continued. Theor finished off. Theor said in thought-speak. Theor bristled. , ended the Andalite firmly. The Human ambassador looked on, knowing this would be a tough job, but one he would have to do.
"What if we offered you a million soldiers right now?" Paul asked. "Well trained, and we could even provide weaponry and supplies for them." Paul looked at the old Andalite. "We could even give you 3 million soldiers, armed and with some armored support, within 3 months time," Paul said. "China has already agreed to give a million soldiers today on the spot, and the United States and its alliances can provide 2 million after we formalize things a bit," Paul explained. "You could station them on Luaminoa, to use in defense in case of a troop based invasion.", Paul finished. The old Andalite stared, thought briefly, and said, Ambassador Paul nodded, but countered, "But you could still use the help when they try to take the planet as their own by troop invasion.", he said plainly. The Andalite ambassador countered, "Your people would all die." Ambassador Paul looked Theor in his 2 main eyes on his head, and said, "Yes, we know, but we are willing to do it to help you anyway. Out of friendship between the kin we know we have between our races.
The Andalite ambassador stood there that night, attempting to fall asleep in the middle of a moon-lit grass field, isolated and protected by security agents from the worlds cooperative governments for official Andalite guests to sleep in. No deal with struck today, just talk, the Andalite asked for an early recess to think and contact Andalite command. Theor-Getil-Illii would have preferred a tree to sleep by, in the half-asleep trance manner his forest and plains based species were accustomed to. The open field would have to do, however, not that his mind was letting him sleep. <3 million soldiers, in less than 3 months time?", he wondered to himself. The entire Andalite military force consisted of about 18 million Andalites, and that is even after the addition of female soldiers and higher than normal recruiting. A huge portion of the Andalite population was involved in the military in some way. It was like that in the time of the Yeerks, but now even more so, as the Kelbrid was a terrible enemy, and were using the entrance of 2 ships of Andalite belonging as a reason to continue to ignore any peace treaty and keep on the attack. Andalites understood their anger but believed this war to be a vast overreaction on the part of the Kelbrid.
3 million soldiers, the Andalite ambassador thought to himself, as he drifted off to sleep. It would be enough to nearly double the ground forces on their second world. It was a tempting offer, if the reports of humans being good ground-based soldiers were true. Allegedly Humans were tenacious ground-based combatants, who would not give up a fight easily and would use strategy and tactics as well as a wide variety of primitive but effective weaponry. Theor did the math, <3 million soldiers, out of over 6 billion people. That leaves them with 5 billion 997 million left, bare minimum.> Theor let the shock of that information wash over him. 3 million soldiers is a lot to Andalites sensibilities, and since yeerks were dependent on host bodies to do anything, it was a lot to the yeerks also. But to Humans, 3 million soldiers was a drop in the bucket, as Humans say it. It barely took a scratch out of their numbers. , the old Andalite thought to himself as he fell asleep. Humans had a vast population, and could make for very effective military use, should they be able to use weapons and have good mobility and senses. And they were primitive, vastly outmatched by all the other races in terms of technology, and bodies that could little to no damage to most creatures as well. And yet, somehow, Human minors, with the ability to morph from the Andalite Elfangor, were able to adapt and engineer the defeat of the Yeerks through guerrilla warfare. Theor-Getil-Illii slept while still pondering what to do about the Humans offer of soldiers and aid...
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Full English Transcript of Gavin's AMA on 8BTC, April 21st. (Part 1)

Part 2
Part 3
Raw transcript on Google Docs (English+Chinese): https://docs.google.com/document/d/1p3DWMfeGHBL6pk4Hu0efgQWGsUAdFNK6zLHubn5chJo/edit?usp=sharing
Translators/Organizers: emusher, kcbitcoin, nextblast, pangcong, Red Li, WangXiaoMeng. (Ranked in alphabetical order)
1.crypto888
Q: What is your relationship with Blockstream now? Are you in a Cold War? Your evaluation on BS was pretty high “If this amazing team offers you a job, you should take it,” tweeted Gavin Andresen, Chief Scientist, Bitcoin Foundation.” But now, what’s your opinion on BS?
A: I think everybody at Blockstream wants Bitcoin to succeed, and I respect and appreciate great work being done for Bitcoin by people at Blockstream.
We strongly disagree on priorities and timing; I think the risks of increasing the block size limit right away are very small. I see evidence of people and businesses getting frustrated by the limit and choosing to use something else (like Ethereum or a private blockchain); it is impossible to know for certain how dangerous that is for Bitcoin, but I believe it is more danger than the very small risk of simply increasing or eliminating the block size limit.
2. Ma_Ya
Q: 1) Why insist on hard fork at only 75%? You once explained that it is possible to be controlled by 5% if we set the threshold at 95%. I agree, but there should be some balance here. 75% means a high risk in splitting, isn’t it too aggressive? Is it better if we set it to 90%?
A: 1)The experience of the last two consensus changes is that miners very quickly switch once consensus reaches 75% -- the last soft fork went from 75% support to well over 95% support in less than one week. So I’m very confident that miners will all upgrade once the 75% threshold is reached, and BIP109 gives them 28 days to do so. No miner wants to create blocks that will not be accepted by the network.
Q: 2) How to solve the potentially very large blocks problem Classic roadmap may cause, and furthur causing the centralization of nodes in the future?
A: 2)Andreas Antonopoulos gave a great talk recently about how people repeatedly predicted that the Internet would fail to scale. Smart engineers proved them wrong again and again, and are still busy proving them wrong today (which is why I enjoy streaming video over my internet connection just about every night).
I began my career working on 3D graphics software, and saw how quickly we went from being able to draw very simple scenes to today’s technology that is able to render hundreds of millions of triangles per second.
Processing financial transactions is much easier than simulating reality. Bitcoin can easily scale to handle thousands of transactions per second, even on existing computers and internet connections, and even without the software optimizations that are already planned.
Q: 3) Why do you not support the proposal of RBF by Satoshi, and even plan to remove it in Classic completely?
A: 3) Replace-by-fee should be supported by most of the wallets people are using before it is supported by the network. Implementing replace-by-fee is very hard for a wallet, especially multi-signature and hardware wallets that might not be connected to the network all of the time.
When lots of wallet developers start saying that replace-by-fee is a great idea, then supporting it at the network level makes sense. Not before.
Q: 4) . Your opinion on soft fork SegWit, sidechain, lighnting network. Are you for or against, please give brief reasons. Thanks.
A: 4) The best way to be successful is to let people try lots of different things. Many of them won’t be successful, but that is not a problem as long as some of them are successful.
I think segregated witness is a great idea. It would be a little bit simpler as a hard fork instead of a soft fork (it would be better to put the merkle root for the witness data into the merkle root in the block header instead of putting it inside a transaction), but overall the design is good.
I think sidechains are a good idea, but the main problem is finding a good way to keep them secure. I think the best uses of sidechains will be to publish “write-only” public information involving bitcoin. For example, I would like to see a Bitcoin exchange experiment with putting all bids and asks and trades on a sidechain that they secure themselves, so their customers can verify that their orders are being carried out faithfully and nobody at the exchanges is “front-running” them.
Q: 5) Can you share your latest opinion on Brainwallet? It is hard for new users to use long and complex secure passphrase, but is it a good tool if it solves this problem?
A: 5) We are very, very bad at creating long and complex passphrases that are random enough to be secure. And we are very good at forgetting things.
We are much better at keeping physical items secure, so I am much more excited about hardware wallets and paper wallets than I am about brain wallets. I don’t trust myself to keep any bitcoin in a brain wallet, and do not recommend them for anybody else, either.
3. BiTeCui
Q: Gavin, do you have bitcoins now? What is your major job in MIT? Has FBI ever investigated on you? When do you think SHA256 might be outdated, it seems like it has been a bit unsafe?
A: Yes, a majority of my own person wealth is still in bitcoins -- more than a financial advisor would say is wise.
My job at MIT is to make Bitcoin better, in whatever way I think best. That is the same major job I had at the Bitcoin Foundation. Sometimes I think the best way to make Bitcoin better is to write some code, sometimes to write a blog post about what I see happening in the Bitcoin world, and sometimes to travel and speak to people.
The FBI (or any other law enforcement agency) has never investigated me, as far as I know. The closest thing to an investigation was an afternoon I spent at the Securities and Exchange Commission in Washington, DC. They were interested in how I and the other Bitcoin developers created the software and how much control we have over whether or not people choose to run the software that we create.
“Safe or unsafe” is not the way to think about cryptographic algorithms like SHA256. They do not suddenly go from being 100% secure for everything to completely insecure for everything. I think SHA256 will be safe enough to use in the all ways that Bitcoin is using it for at least ten years, and will be good enough to be used as the proof-of-work algorithm forever.
It is much more likely that ECDSA, the signature algorithm Bitcoin is using today, will start to become less safe in the next ten or twenty years, but developer are already working on replacements (like Schnorr signatures).
4. SanPangHenBang
Q: It’s a pleasure to meet you. I only have one question. Which company are you serving? or where do you get your salary?
A: The Media Lab at MIT (Massachusetts Institute of Technology) pays my salary; I don’t receive regular payments from anybody else.
I have received small amounts of stock options in exchange for being a techical advisor to several Bitcoin companies (Coinbase, BitPay, Bloq, Xapo, Digital Currency Group, CoinLab, TruCoin, Chain) which might be worth money some day if one or more of those companies do very well. I make it very clear to these companies that my priority is to make Bitcoin better, and my goal in being an advisor to them is to learn more about the problems they face as they try to bring Bitcoin to more of their customers.
And I am sometimes (once or twice a year) paid to speak at events.
5.SaTuoXi
Q: Would you mind share your opinion on lightning network? Is it complicated to implement? Does it need hard fork?
A: Lightning does not need a hard fork.
It is not too hard to implement at the Bitcoin protocol level, but it is much more complicated to create a wallet capable of handling Lightning network payments properly.
I think Lightning is very exciting for new kinds of payments (like machine-to-machine payments that might happen hundreds of times per minute), but I am skeptical that it will be used for the kinds of payments that are common on the Bitcoin network today, because they will be more complicated both for wallet software and for people to understand.
6. pangcong
Q: 1) There has been a lot of conferences related to blocksize limit. The two took place in HongKong in Decemeber of 2015 and Feberary of 2016 are the most important ones. Despite much opposition, it is undeniable that these two meetings basically determines the current status of Bitcoin. However, as the one of the original founders of Bitcoin, why did you choose to not attend these meetings? If you have ever attended and opposed gmax’s Core roadmap (SegWit Priority) in one of the meetings, we may be in a better situation now, and the 2M hard fork might have already begun. Can you explain your absence in the two meetings? Do you think the results of both meetings are orchestrated by blockstream?
A: 1) I attended the first scaling conference in Montreal in September of 2015, and had hoped that a compromise had been reached.
A few weeks after that conference, it was clear to me that whatever compromise had been reached was not going to happen, so it seemed pointless to travel all the way to Hong Kong in December for more discussion when all of the issues had been discussed repeatedly since February of 2015.
The February 2016 Hong Kong meeting I could not attend because I was invited only a short time before it happened and I had already planned a vacation with my family and grandparents.
I think all of those conferences were orchestrated mainly by people who do not think raising the block size limit is a high priority, and who want to see what problems happen as we run into the limit.
Q: 2) We have already known that gmax tries to limit the block size so as to get investment for his company. However, it is obvious that overthrowing Core is hard in the short term. What if Core continues to dominate the development of Bitcoin? Is it possible that blockstream core will never raise the blocksize limit because of their company interests?
A: 2) I don’t think investment for his company is Greg’s motivation-- I think he honestly believes that a solution like lightning is better technically.
He may be right, but I think it would be better if he considered that he might also be wrong, and allowed other solutions to be tried at the same time.
Blockstream is a funny company, with very strong-willed people that have different opinions. It is possible they will never come to an agreement on how to raise the blocksize limit.
7. HeiYanZhu
Q: I would like to ask your opinion on the current situation. It’s been two years, but a simple 2MB hard fork could not even be done. In Bitcoin land, two years are incredibly long. Isn’t this enough to believe this whole thing is a conspiracy?
A: I don’t think it is a conspiracy, I think it is an honest difference of opinion on what is most important to do first, and a difference in opinion on risks and benefits of doing different things.
Q: How can a multi-billion network with millions of users and investors be choked by a handful of people? How can this be called decentrilized and open-source software anymore? It is so hard to get a simple 2MB hard fork, but SegWig and Lighting Network with thousands of lines of code change can be pushed through so fast. Is this normal? It is what you do to define if you are a good man, not what you say.
A: I still believe good engineers will work around whatever unnecessary barriers are put in their way-- but it might take longer, and the results will not be as elegant as I would prefer.
The risk is that people will not be patient and will switch to something else; the recent rapid rise in developer interest and price of Ethereum should be a warning.
Q: The problem now is that everybody knows Classic is better, however, Core team has controlled the mining pools using their powers and polical approaches. This made them controll the vast majority of the hashpower, no matter what others propose. In addition, Chinese miners have little communication with the community, and do not care about the developement of the system. Very few of them knows what is going on in the Bitcoin land. They almost handed over their own power to the mining pool, so as long as Core controls the pools, Core controls the whole Bitcoin, no matter how good your Classic is. Under this circumstance, what is your plan?
A: Encourage alternatives to Core. If they work better (if they are faster or do more) then Core will either be replaced or will have to become better itself. I am happy to see innovations happening in projects like Bitcoin Unlimited, for example. And just this week I see that Matt Corallo will be working on bringing an optmized protocol for relaying blocks into Core; perhaps that was the plan all along, or perhaps the “extreme thin blocks” work in Bitcoin Unlimited is making that a higher priority. In any case, competition is healthy.
Q: From this scaling debate, do you think there is a huge problem with Bitcoin development? Does there exsit development centrilization? Does this situation need improvment? For example, estabilish a fund from Bitcoin as a fundation. It can be used for hiring developers and maintainers, so that we can solve the development issue once and for all.
A: I think the Core project spends too much time thinking about small probability technical risks (like “rogue miners” who create hard-to-validate blocks or try to send invalid blocks to SPV wallets) and not enough time thinking about much larger non-technical risks.
And I think the Core project suffers from the common open source software problem of “developers developing for developers.” The projects that get worked on are the technically interesting projects-- exciting new features (like the lightning network), and not improving the basic old features (like improving network performance or doing more code review and testing).
I think the situation is improving, with businesses investing more in development (but perhaps not in the Core project, because the culture of that project has become much less focused on short-term business needs and more on long-term exciting new features).
I am skeptical that crowd-funding software development can work well; if I look at other successful open source software projects, they are usually funded by companies, not individuals.
8.jb9802
You are one of the most-repected person in Bitcoin world, I won’t miss the chance to ask some questions. First of all, I am a Classic supporter. I strongly believe that on-chain transcations should not be restrained artificially. Even if there are transcations that are willing to go through Lighting Network in the future, it should be because of a free market, not because of artificial restrication. Here are some of my questions:
Q: 1) For the past two years, you’ve been proposing to Core to scale Bitcoin. In the early days of the discussion, Core devs did agree that the blocksize should be raised. What do you think is the major reason for Core to stall scaling. Does there exist conflict of interest between Blockstream and scaling?
A: 1) There might be unconscious bias, but I think there is just a difference of opinion on priorities and timing.
Q: 2) One of the reason for the Chinese to refuse Classic is that Classic dev team is not technically capable enough for future Bitcoin development. I also noticed that Classic does have a less frequent code release compared to Core. In your opinion, is there any solution to these problems? Have you ever thought to invite capable Chinese programers to join Classic dev team?
A: 2) The great thing about open source software is if you don’t think the development team is good enough (or if you think they are working on the wrong things) you can take the software and hire a better team to improve it.
Classic is a simple 2MB patch on top of Core, so it is intentional that there are not a lot of releases of Classic.
The priority for Classic right now is to do things that make working on Classic better for developers than working on Core, with the goal of attracting more developers. You can expect to see some results in the next month or two.
I invite capable programmers from anywhere, including China, to help any of the teams working on open source Bitcoin software, whether that is Classic or Core or Unlimited or bitcore or btcd or ckpool or p2pool or bitcoinj.
Q: 3) Another reason for some of the Chinese not supporting Classic is that bigger blocks are more vulnerable to spam attacks. (However, I do think that smaller blocks are more vlunerable to spam attack, because smaller amount of money is needed to choke the blockchain.) What’s our opinion on this?
A: 3) The best response to a transaction spam attack is for the network to reject transactions that pay too little fees but to simply absorb any “spam” that is paying as much fees as regular transactions.
The goal for a transaction spammer is to disrupt the network; if there is room for extra transactions in blocks, then the network can just accept the spam (“thank you for the extra fees!”) and continue as if nothing out of the ordinary happened.
Nothing annoys a spammer more than a network that just absorbs the extra transactions with no harmful effects.
Q: 4) According to your understanding on lighting network and sidechains,if most Bitcoin transactions goes throught lighting network or sidechains, it possible that the fees paid on the these network cannot reach the main-chain miners, which leaves miners starving. If yes, how much percent do you think will be given to miners.
A: 4) I don’t know, it will depend on how often lightning network channels are opened and closed, and that depends on how people choose to use lightning.
Moving transactions off the main chain and on to the lightning network should mean less fees for miners, more for lightning network hubs. Hopefully it will also mean lower fees for users, which will make Bitcoin more popular, drive up the price, and make up for the lower transaction fees paid to miners.
Q: 5) The concept of lighting network and sidechains have been out of one or two years already, when do you think they will be fully deployed.
A: 5) Sidechains are already “fully deployed” (unless you mean the version of sidechains that doesn’t rely on some trusted gateways to move bitcoin on and off the sidechain, which won’t be fully deployed for at least a couple of years). I haven’t seen any reports of how successful they have been.
I think Lightning will take longer than people estimate. Seven months ago Adam Back said that the lightning network might be ready “as soon as six months from now” … but I would be surprised if there was a robust, ready-for-everybody-to-use lightning-capable wallet before 2018.
Q: 6)Regarding the hard fork, Core team has assumed that it will cause a chain-split. (Chinese miners are very intimitated by this assumption, I think this is the major reason why most of the Chinese mining pools are not switching to Classic). Do you think Bitcoin will have a chain-split?
A: 6) No, there will not be a chain split. I have not talked to a single mining pool operator, miner, exchange, or major bitcoin business who would be willing to mine a minority branch of the chain or accept bitcoins from a minority branch of the main chain.
Q: 7) From your point of view, do you think there is more Classic supporters or Core supporters in the U.S.?
A: 7) All of the online opinion pools that have been done show that a majority of people worldwide support raising the block size limit.
9. btcc123
Q: Which is more in line with the Satoshi’s original roadmap, Bitcoin Classic or Bitcoin Core? How to make mining pools support and adopt Bitcoin Classic?
A: Bitcoin Classic is more in line with Satoshi’s original roadmap.
We can’t make the mining pools do anything they don’t want to do, but they are run by smart people who will do what they think is best for their businesses and Bitcoin.
10.KuHaiBian
Q: Do you have any solution for mining centralization? What do you think about the hard fork of changing mining algorithms?
A: I have a lot of thoughts on mining centralization; it would probably take ten or twenty pages to write them all down.
I am much less worried about mining centralization than most of the other developers, because Satoshi designed Bitcoin so miners make the most profit when they do what is best for Bitcoin. I have also seen how quickly mining pools come and go; people were worried that the DeepBit mining pool would become too big, then it was GHash.io…
And if a centralized mining pool does become too big and does something bad, the simplest solution is for businesses or people to get together and create or fund a competitor. Some of the big Bitcoin exchanges have been seriously considering doing exactly that to support raising the block size limit, and that is exactly the way the system is supposed to work-- if you don’t like what the miners are doing, then compete with them!
I think changing the mining algorithm is a complicated solution to a simple problem, and is not necessary.
11. ChaLi
Q: Last time you came to China, you said you want to "make a different". I know that in USA the opposition political party often hold this concept, in order to prevent the other party being totally dominant. Bitcoin is born with a deep "make a different" nature inside. But in Chinese culture, it is often interpreted as split “just for the sake of splitting”, can you speak your mind on what is your meaning of "make a different"?
A: I started my career in Silicon Valley, where there is a lot of competition but also a lot of cooperation. The most successful companies find a way to be different than their competitors; it is not a coincidence that perhaps the most successful company in the world (Apple Computer) had the slogan “think different.”
As Bitcoin gets bigger (and I think we all agree we want Bitcoin to get bigger!) it is natural for it to split and specialize; we have already seen that happening, with lots of choices for different wallets, different exchanges, different mining chips, different mining pool software.
12. bluestar
Q: 1) The development of XT and Classic confirmed my thoughts that it is nearly impossible to use a new version of bitcoin to replace the current bitcoin Core controlled by Blockstream. I think we will have to live with the power of Blockstream for a sufficient long time. It means we will see the deployment of SegWit and Lighting network. If it really comes to that point, what will you do? Will you also leave like Mike Hearn?
A: 1) With the development of Blockchain, bitcoin will grow bigger and bigger without any doubts, And also there will be more and more companies related to the bitcoin network. When it comes to money, there will be a lot of fights between these companies. Is it possible to form some kind of committee to avoid harmful fights between these companies and also the situation that a single company controlling the direction of the bitcoin development? Is there any one doing this kind of job right now?
Q: 2) My final question would be, do you really think it is possible that we can have a decentralized currency? Learning from the history, it seems like every thing will become centralized as long as it involves human. Do you have any picture for a decentralized currency or even a society? Thanks.
A: 2) I think you might be surprised at what most people are running a year or three from now. Perhaps it will be a future version of Bitcoin Core, but I think there is a very good chance another project will be more successful.
I remember when “everybody” was running Internet Explorer or Firefox, and people thought Google was crazy to think that Chrome would ever be a popular web browser. It took four years for Chrome to become the most popular web browser.
In any case, I plan on working on Bitcoin related projects for at least another few years. Eventually it will become boring or I will decide I need to take a couple of years of and think about what I want to do next.
As for fights between companies: there are always fights between companies, in every technology. There are organizations like the IETF (Internet Engineering Task Force) that try to create committees so engineers at companies can spend more time cooperating and less time fighting; I’m told by people who participate in IETF meetings that they are usually helpful and create useful standards more often than not.
Finally, yes, I do think we can have a “decentralized-enough” currency. A currency that might be controlled at particular times by a small set of people or companies, but that gives everybody else the ability to take control if those people or businesses misbehave.
13. satoshi
Hi Gavin, I have some questions:
Q: 1) I noticed there are some new names added to the classic team list. Most people here only know you and Jeff. Can you briefly introduce some others to the Chinese community?
A: 1)
Tom Zander has been acting as lead developer, and is an experienced C++ developer who worked previously on the Qt and Debian open source projects.
Pedro Pinheiro is on loan from Blockchain.info, and has mostly worked on continuous integration and testing for Classic.
Jon Rumion joined recently, and has been working on things that will make life for developers more pleasant (I don’t want to be more specific, I don’t want to announce things before they are finished in case they don’t work out).
Jeff has been very busy starting up Bloq, so he hasn’t been very active with Classic recently. I’ve also been very busy traveling (Barbados, Idaho, London and a very quick trip to Beijing) so haven’t been writing much code recently.
Q: 2) if bitcoin classic succeeded (>75% threshold), what role would you play in the team after the 2MB upgrade finished, as a leader, a code contributor, a consultant, or something else?
A: 2)Contributor and consultant-- I am trying not to be leader of any software project right now, I want to leave that to other people who are better at managing and scheduling and recruiting and all of the other things that need to be done to lead a software project.
Q: 3) if bitcoin classic end up failed to achieve mainstream adoption (<75% 2018), will you continue the endeavor of encouraging on-chain scaling and garden-style growth of bitcoin?
A: 3) Yes. If BIP109 does not happen, I will still be pushing to get a good on-chain solution to happen as soon as possible.
Q: 4) Have you encountered any threat in your life, because people would think you obviously have many bitcoins, like what happened to Hal Finney (RIP), or because some people have different ideas about what bitcoin's future should be?
A: 4) No, I don’t think I have received any death threats. It upsets me that other people have.
Somebody did threaten to release my and my wife’s social security numbers and other identity information if I did not pay them some bitcoins a couple of years ago. I didn’t pay, they did release our information, and that has been a little inconvenient at times.
Q: 5) Roger Ver (Bitcoin Jesus) said bitcoin would worth thousands of dollars. Do you have similar thoughts? If not, what is your opinion on bitcoin price in future?
A: 5) I learned long ago to give up trying to predict the price of stocks, currencies, or Bitcoin. I think the price of Bitcoin will be higher in ten years, but I might be wrong.
Q: 6) You've been to China. What's your impression about the country, people, and the culture here? Thank you!
A: 6) I had a very quick trip to Beijing a few weeks ago-- not nearly long enough to get a good impression of the country or the culture.
I had just enough time to walk around a little bit one morning, past the Forbidden City and walk around Tianmen Square. There are a LOT of people in China, I think the line to go into the Chairman Mao Memorial Hall was the longest I have ever seen!
Beijing reminded me a little bit of London, with an interesting mix of the very old with the very new. The next time I am in China I hope I can spend at least a few weeks and see much more of the country; I like to be in a place long enough so that I really can start to understand the people and cultures.
14. Pussinboots
Q: Dear Gavin, How could I contact you, we have an excellent team and good plans. please confirm your linkedin.
A: Best contact for me is [email protected] : but I get lots of email, please excuse me if your messages get lost in the flood.
15. satoshi
Q: Gavin, you've been both core and classic code contributor. Are there any major differences between the two teams, concerning code testing (quality control) and the release process of new versions?
A: Testing and release processes are the same; a release candidate is created and tested, and once sufficiently tested, a final release is created, cryptographically signed by several developers, and then made available for download.
The development process for Classic will be a little bit different, with a ‘develop’ branch where code will be pulled more quickly and then either fixed or reverted based on how testing goes. The goal is to create a more developer-friendly process, with pull requests either accepted or rejected fairly quickly.
16. tan90d
I am a bitcoin enthusiast and a coin holder. I thank you for your great contribution to bitcoin. Please allow me to state some of my views before asking:
  1. I'm on board with classic
  2. I support the vision to make bitcoin a powerful currency that could compete with Visa
  3. I support segwit, so I'll endorse whichever version of bitcoin implementation that upgrades to segwit, regardless of block size.
  4. I disagree with those who argue bitcoin main blockchain should be a settlement network with small blocks. My view is that on the main chain btc should function properly as a currency, as well as a network for settlement.
  5. I'm against the deployment of LN on top of small block sized blockchain. Rather, it should be built on a chain with bigger blocks.
  6. I also won’t agree with the deployment of many sidechains on top of small size block chain. Rather, those sidechains should be on chain with bigger blocks.
With that said, below are my questions:
Q: 1) If bitcoin is developed following core's vision, and after the 2020 halving which cuts block reward down to 6.125BTC, do you think the block transaction fee at that time will exceed 3BTC?
A: 1) If the block limit is not raised, then no, I don’t think transaction fees will be that high.
Q: 2) If bitcoin is developed following classic's vision, and after the 2020 halving which cuts block reward down to 6.125BTC, do you think the block transaction fee at that time will exceed 3BTC?
A: 2) Yes, the vision is lots of transactions, each paying a very small fee, adding up to a big total for the miners.
Q: 3) If bitcoin is developed following core's vision, do you think POW would fail in future, because the mining industry might be accounted too low value compared with that of the bitcoin total market, so that big miners could threaten btc market and gain profit by shorting?
*The questioner further explained his concern.
Currently, its about ~1.1 billion CNY worth of mining facilities protecting ~42 billion CNY worth (6.5 Billion USD) of bitcoin market. The ratio is ~3%. If bitcoin market cap continues to grow and we adopt layered development plan, the mining portion may decrease, pushing the ratio go even down to <1%, meaning we are using very small money protecting an huge expensive system. For example, in 2020 if bitcoin market cap is ~100 billion CNY, someone may attempt to spend ~1 billion CNY bribe/manipulate miners to attack the network, thus making a great fortune by shorting bitcoin and destroying the ecosystem.
A: 3) Very good question, I have asked that myself. I have asked people if they know if there have been other cases where people destroyed a company or a market to make money by shorting it -- as far as I know, that does not happen. Maybe because it is impossible to take a large short position and remain anonymous, so even if you were successful, you would be arrested for doing whatever you did to destroy the company or market (e.g. blow up a factory to destroy a company, or double-spend fraud to try to destroy Bitcoin).
Q: 4) If bitcoin is developed following classic's vision, will the blocks become too big that kill decentralization?
A: 4) No, if you look at how many transactions the typical Internet connection can support, and how many transactions even a smart phone can validate per second, we can support many more transactions today with the hardware and network connections we have now.
And hardware and network connections are getting faster all the time.
Q: 5) In theory, even if we scale bitcoin with just LN and sidechains, the main chain still needs blocks with size over 100M, in order to process the trading volume matching Visa's network. So does core have any on-chain scaling plan other than 2MB? Or Core does not plan to evolve bitcoin into something capable of challenging visa?
A: 5) Some of the Core developer talk about a “flexcap” solution to the block size limit, but there is no specific proposal.
I think it would be best to eliminate the limit all together. That sounds crazy, but the most successful Internet protocols have no hard upper limits (there is no hard limit to how large a web page may be, for example), and no protocol limit is true to Satoshi’s original design.
Q: 6) If (the majority of) hash rate managed to switch to Classic in 2018, will the bitcoin community witness the deployment of LN in two years (~2018)?
A: 6) The bottleneck with Lightning Network will be wallet support, not support down at the Bitcoin protocol level. So I don’t think the deployment schedule of LN will be affected much whether Classic is adopted or not.
Q: 7) If (majority) hash rate upgraded to blocks with segwit features in 2017 as specified in core's roadmap, would classic propose plans to work on top of that (blocks with segwit)? Or insist developing simplified segwit blocks as described in classic's roadmap?
A: 7) Classic will follow majority hash rate. It doesn’t make sense to do anything else.
Q: 8) If most hash rate is still on core's side before 2018, will you be disappointed with bitcoin, and announce that bitcoin has failed like what Mike did, and sell all your stashed coins at some acceptable price?
A: 8) No-- I have said that I think if the block size limit takes longer to resolve, that is bad for Bitcoin in the short term, but smart engineers will work around whatever road blocks you put in front of them. I see Bitcoin as a long-term project.
Q: 9) If we have most hash rate switched to classic's side before 2018, what do you think will be the fate of Blockstream company?
A: 9) I think Blockstream might lose some employees, but otherwise I don’t think it will matter much. They are still producing interesting technology that might become a successful business.
Q: 10) If we have most hash rate still on core's side before 2018, what do you think will be the fate of Blockstream company?
A: 10) I don’t think Blockstream’s fate depends on whether or not BIP109 is adopted. It depends much more on whether or not they find customers willing to pay for the technology that they are developing.
Q: 11) If we have most hash rate still on core's side before 2018, what do you think will be the fate of companies that support classic, such as Coinbse, bitpay, and Blockchain.info?
A: 11) We have already seen companies like Kraken support alternative currencies (Kraken supports Litecoin and Ether); if there is no on-chain scaling solution accepted by the network, I think we will see more companies “hedging their bets” by supporting other currencies that have a simpler road map for supporting more transactions.
Q: 12) If we have most hash rate switched to classic's side before 2018, will that hinder the development of sidechain tech? What will happen to companies like Rockroot(Rootstock?) ?
A: 12) No, I think the best use of sidechains is for things that might be too risky for the main network (like Rootstock) or are narrowly focused on a small number of Bitcoin users. I don’t think hash rate supporting Classic will have any effect on that.
Q: 13) Between the two versions of bitcoin client, which one is more conducive to mining industry, classic or core?
A: 13) I have been working to make Classic better for the mining industry, but right now they are almost identical so it would be dishonest to say one is significantly better than the other.
17. Alfred
Q: Gavin, can you describe what was in your mind when you first learned bitcoin?
A: I was skeptical that it could actually work! I had to read everything I could about it, and then read the source code before I started to think that maybe it could actually be successful and was not a scam.
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