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The Retrospect and Prospect of the Crypto Economy——The Development and Evolution of the Consensus Mechanism (Three)

The Retrospect and Prospect of the Crypto Economy——The Development and Evolution of the Consensus Mechanism (Three)

https://preview.redd.it/45wwtygv2rc51.png?width=567&format=png&auto=webp&s=a5f51ea3c620d478231c39e32f198eb64d801897
Foreword
The consensus mechanism is one of the important elements of the blockchain and the core rule of the normal operation of the distributed ledger. It is mainly used to solve the trust problem between people and determine who is responsible for generating new blocks and maintaining the effective unification of the system in the blockchain system. Thus, it has become an everlasting research hot topic in blockchain.
This article starts with the concept and role of the consensus mechanism. First, it enables the reader to have a preliminary understanding of the consensus mechanism as a whole; then starting with the two armies and the Byzantine general problem, the evolution of the consensus mechanism is introduced in the order of the time when the consensus mechanism is proposed; Then, it briefly introduces the current mainstream consensus mechanism from three aspects of concept, working principle and representative project, and compares the advantages and disadvantages of the mainstream consensus mechanism; finally, it gives suggestions on how to choose a consensus mechanism for blockchain projects and pointed out the possibility of the future development of the consensus mechanism.
Contents
First, concept and function of the consensus mechanism
1.1 Concept: The core rules for the normal operation of distributed ledgers
1.2 Role: Solve the trust problem and decide the generation and maintenance of new blocks
1.2.1 Used to solve the trust problem between people
1.2.2 Used to decide who is responsible for generating new blocks and maintaining effective unity in the blockchain system
1.3 Mainstream model of consensus algorithm
Second, the origin of the consensus mechanism
2.1 The two armies and the Byzantine generals
2.1.1 The two armies problem
2.1.2 The Byzantine generals problem
2.2 Development history of consensus mechanism
2.2.1 Classification of consensus mechanism
2.2.2 Development frontier of consensus mechanism
Third, Common Consensus System
Fourth, Selection of consensus mechanism and summary of current situation
4.1 How to choose a consensus mechanism that suits you
4.1.1 Determine whether the final result is important
4.1.2 Determine how fast the application process needs to be
4.1.2 Determining the degree to which the application requires for decentralization
4.1.3 Determine whether the system can be terminated
4.1.4 Select a suitable consensus algorithm after weighing the advantages and disadvantages
4.2 Future development of consensus mechanism
Last lecture review: Chapter 1 Concept and Function of Consensus Mechanism plus Chapter 2 Origin of Consensus Mechanism
Last lecture review: Chapter 3 Common Consensus Mechanisms

Chapter 3 Common Consensus Mechanisms (Part 2)
Figure 6 Summary of relatively mainstream consensus mechanisms

https://preview.redd.it/2yepvjjy2rc51.png?width=567&format=png&auto=webp&s=acaed31fa6106ac2f501fe2cb284f66bb2258a0e
Source: Hasib Anwar, "Consensus Algorithms: The Root Of The Blockchain Technology"
The picture above shows 14 relatively mainstream consensus mechanisms summarized by a geek Hasib Anwar, including PoW (Proof of Work), PoS (Proof of Stake), DPoS (Delegated Proof of Stake), LPoS (Lease Proof of Stake), PoET ( Proof of Elapsed Time), PBFT (Practical Byzantine Fault Tolerance), SBFT (Simple Byzantine Fault Tolerance), DBFT (Delegated Byzantine Fault Tolerance), DAG (Directed Acyclic Graph), Proof-of-Activity (Proof of Activity), Proof-of- Importance (Proof of Importance), Proof-of-Capacity (Proof of Capacity), Proof-of-Burn ( Proof of Burn), Proof-of-Weight (Proof of Weight).
Next, we will mainly introduce and analyze the top ten consensus mechanisms of the current blockchain.
》DBFT
-Concept:
Delegated Byzantine fault tolerance. The improved Byzantine fault-tolerant algorithm makes it suitable for blockchain systems. The system consists of nodes, delegators (who can approve blocks), and speakers (who proposes the next block). It is a consensus algorithm that guarantees fault tolerance implemented inside the NEO blockchain.
-Principle:
In this mechanism, there are two participants: the professional bookkeeper "bookkeeping node" and the ordinary users in the system.
Ordinary users vote based on the proportion of holding stake to determine the bookkeeping node. When a consensus is required, a spokesperson is randomly selected from these bookkeeping nodes to draw up a plan, and then other bookkeeping nodes will vote basing on the Byzantine fault tolerance algorithm.That is, majority principle. If more than 66% of the nodes agree to the spokesperson’ plan, a consensus is reached; otherwise, the spokesperson is re-elected and the voting process is repeated.
-Representative application: Neo, etc.
》PoA
-Concept:
Proof of authority. That is, certified by some accredited accounts, these accredited accounts are called "validators". The software that the verifier runs that supports the verifier to place transactions in blocks.
-Principle:
Three conditions:
  1. The identity must be formally verified on the chain, and the information can be cross-verified in a publicly available domain;
  2. The qualifications must be difficult to obtain, so that the rights of the verification block obtained are precious enough;
  3. The authoritative inspection and procedures must be completely unified.
With PoA, every individual has the right to become a verifier, so there is an incentive to maintain the position of the verifier once acquired. By attaching a reputation to the identity, the verifier can be encouraged to maintain the transaction process. Because the verifier does not want to gain a negative reputation, it will lose its hard-won verifier status.
-Representative applications: VeChain, etc.
》DAG
-Concept:
Directed acyclic graph. Each newly added unit in the DAG is not only added to the long chain block, but added to all the previous blocks, verifying each new unit and confirming its parent unit and the parent unit of the parent unit, and gradually confirming until the genesis unit. As the hash of its parent unit is included in its own unit, the blockchains of all transactions are connected to each other to form a graph-like structure with time.
-Principle:
In the DAG network, each node can be a trader and a validator, because the transaction processing in DAG is done by the transaction node itself. Taking IOTA as an example, IOTA’s Tangle led
ger does not need to pay transaction fees while ensuring high-speed transaction processing. However, it does not mean that the transaction is free, because in this ledger, the initiation of each transaction needs to verify the other two random transactions first, and connect the transaction initiated by itself to these two transactions, so the responsibility that miners on the blockchain bear is distributed to all traders. The DAG method of processing transactions can be called asynchronous processing mode.
Figure 10 The difference between the traditional blockchain structure and the DAG structure

https://preview.redd.it/1xfssxj03rc51.png?width=553&format=png&auto=webp&s=95c382f81943c9a188a89ac6b2dadf64446589e6
-Representative applications: IOTA, etc.
》PoET
-Concept:
Proof of elapsed time. That is, it is usually used in a permissioned blockchain network. It can determine the mining rights of the block holders in the network. The permissioned blockchain network requires any prospective participants to verify their identity before joining. According to the principles of the fair lottery system, each node is equally likely to become the winner.
-Principle:
Each participating node in the network must wait for a randomly selected period, and the first node to complete the set waiting time will get a new block. Each node in the blockchain network will generate a random waiting time and sleep for a set time. The node that wakes up first, that is, the node with the shortest waiting time, wakes up and submits a new block to the blockchain, and then broadcasts the necessary information to the entire peer-to-peer network. The same process will be repeated to find the next block.
Two factors:
  1. Participating nodes will naturally select a random time in nature, rather than deliberately;
  2. The winner did complete the waiting time.
-Representative application: HyperLedger Sawtooth, etc.
》PoSV
-Concept:
Proof of stake velocity. Proposed by Reddcoin, drawing on the concept of "money circulation speed" in economics, it mainly allocates bookkeeping rights based on the coin age of nodes participating in the competition.
-Principle:
PoSV also allocates accounting rights according to the coin age of the nodes participating in the competition, but modifies the coin age calculation formula to a function of exponential decay of growth rate. Taking Reddcoin as an example, Reddcoin sets the half-life of the coin age growth rate to 1 month. Assuming that the unit token can accumulate 1CoinDay coin age on the first day, only 0.5CoinDay coin age can be accumulated on the 31st day, and only 0.25CoinDay coin age can be accumulated on the 61st day, and so on. In this way, the nodes are encouraged to use the token to conduct a transaction after holding the token for a period of time, thereby restarting the calculation of the coin age and increasing the circulation speed of the token in the network.
-Representative applications: Reddcoin, etc.
Table 2 Comparison of the advantages and disadvantages of current mainstream consensus mechanisms

https://preview.redd.it/kb04i7eh3rc51.png?width=1236&format=png&auto=webp&s=42de13bc99afaf258c0a740a6618e2d579b59100
Source: network resources
Chapter 4 Summary of the Selection and Status Quo of Consensus Mechanism
4.1 How to choose a consensus mechanism that suits you
Step 1: Determine whether the final result is important
For some applications, the end result is very important. If you are building a new payment system that can support very small amounts, it is acceptable for the transaction result to change. Similarly, if you are creating a new distributed social network, 100% guarantee that the status is updated immediately is not particularly necessary. On the contrary, if you are creating a new distributed protocol, the final result is critical to the user experience. For example, Bitcoin has a final confirmation time of about 1 hour, Ethereum has a final confirmation time of about 6 minutes, and Tendermint Core only has a final confirmation time of 1 second.
Step 2: Determine how fast the application process needs to be
If you are building a game, is it reasonable to wait 15 seconds before each action? Due to the low block processing time of Ethereum, games built on it will cause poor user experience due to Ethereum's throughput. However, the application for the transfer of housing property rights can be run on Ethereum. Use the Cosmos SDK to build an application that allows developers to freely use Tendermint Core. It has a short block processing time and high throughput, and is capable of processing 10,000 transactions per second. You can reduce the required communication overhead and speed up the application by setting the maximum number of validators for the application.
Step 3: Determine the application's demand for decentralization
Some applications such as games may not require very high censorship resistance as a by-product of decentralization. In theory, does it really matter that the validator can create a cartel in the game and reverse the transaction result for profit? If it is not important, a blockchain such as EOS may be more suitable for your needs because of the fast transaction speed and free fees. However, some applications such as autonomous banks are more powerful and decentralized. Although Ethereum is considered to be decentralized, some supporters claim that Ethereum's mining pool is an important part of centralized platform, although there are actually only 11 validators (mining pools). One of the major benefits of building your own blockchain instead of building on a smart contract platform is that you can customize the way the application completes verification. However, it is difficult to build your own blockchain, so the Cosmos SDK is very useful, you can easily build your own blockchain and customize the degree of decentralization you need.
Step 4: Determine whether the system can be terminated
If you are building a new application similar to a distributed ride-sharing service, then ensuring 24/7 service must be the first priority, even if there are occasional errors in accounting similar to transactions. One of the properties of Tendermint Core is that if there is a disagreement between network validators, the network will suspend operations instead of proceeding erroneous transactions. Applications such as decentralized exchanges require correctness at all costs-if there is a problem, it is far better to suspend trading on the decentralized exchange than there may be trading problems.
Summary: Choose a suitable consensus algorithm after weighing the advantages and disadvantages
All in all, there is no single best consensus algorithm. Each consensus algorithm has its own value and advantages. You need to have your own judgments and choices. However, by understanding the relevant processes of the consensus mechanism, including proposals and agreements, and establishing a framework to consider the types of consensus algorithms that your application may require, you should be able to make wiser decisions.
4.2 Future development of consensus mechanism
The consensus algorithm is one of the core elements of the blockchain. Although there are more than 30 consensus mechanisms listed in the article, there are still many niche consensus mechanisms that may not be discussed. As the blockchain technology is gradually known and accepted by the public, more and more newer and better consensus algorithms may appear in the future, which may be brand-new consensus algorithms, and more should be improvement and optimization version based on the current consensus algorithm.
After 2016 and 2017 years’ fast development, the current consensus algorithm does not have a recognized evaluation standard, but is generally more biased towards fairness and decentralization, as well as some technical related issues, such as energy consumption and scalability , Fault tolerance and security, etc. However, blockchain technology must be combined with requirements and application scenarios, and the consensus mechanism algorithm and incentive mechanism are inseparable. How to customize a suitable consensus mechanism according to the characteristics of your own project and optimize the current consensus mechanism will become the future direction of consensus mechanism development
CelesOS
As the first DPOW financial blockchain operating system, CelesOS adopts consensus mechanism 3.0 to break through the "impossible triangle", which can provide high TPS while also allowing for decentralization. Committed to creating a financial blockchain operating system that embraces supervision, providing services for financial institutions and the development of applications on the supervision chain, and formulating a role and consensus ecological supervision layer agreement for supervision.
The CelesOS team is dedicated to building a bridge between blockchain and regulatory agencies/financial industry. We believe that only blockchain technology that cooperates with regulators will have a real future. We believe in and contribute to achieving this goal.
📷Website
https://www.celesos.com/
📷 Telegram
https://t.me/celeschain
📷 Twitter
https://twitter.com/CelesChain
📷 Reddit
https://www.reddit.com/useCelesOS
📷 Medium
https://medium.com/@celesos
📷 Facebook
https://www.facebook.com/CelesOS1
📷 Youtube
https://www.youtube.com/channel/UC1Xsd8wU957D-R8RQVZPfGA
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submitted by j259awesome to u/j259awesome [link] [comments]

Charlie Lee's (aka coblee) final thoughts on Merged Mining

I'm glad to see that my post has got the community talking. This is what I wanted to do. Sorry for trying to scare you guys into action. Most shibes do not realize how bad the situation is and will become.
I was around when Namecoin went through the rollercoaster difficulty problem and had to merged mine in 2011. I've mined Namecoin and I have also mined Namecoin merged mined with Bitcoin. I created Litecoin and spent 3 years working on it seeing it go from a CPU coin to a GPU coin and now a ASIC coin. I've seen many coins get attacked for lulz. So there are only a few people that truly understands the situation you are in as well as I do. Most of them are happy to sit back and make popcorn. But, I felt responsible for doing something (anything) to try to help. The first time I approached you guys, I thought it was win/win for Dogecoin and Litecoin. Today, it's pretty much only to help Dogecoin survive. I own some Doge, not a trivial amount but also not a huge amount. So I won't lose sleep over it if it goes to 0, but I am definitely not doing this to protect my investment. And I don't make posts to try to manipulate the market.
You may not have liked the way I presented the facts in my post. Some think it's FUD. Maybe I did do a little of that to scare people to action. But whatever the case, at least it's working. Some of you hate me. Some of you think that I'm an egotistical maniac that just came here to gloat and say I told you so. Whatever. I'm too thick-skinned to let this bother me. I do what I feel is right. All I know is that I will hate to live with the fact that I knowingly let dogecoin get attacked when I could have done something about it. Maybe it's because if Litecoin is my child, Dogecoin is my grandchild (or is it my child's dog?) The community and good will you have built in such a short time is admirable. I would hate to see it get destroyed by someone doing it for lulz. And if Dogecoin does get attacked, it will be bad for all of crypto-currency. Dogecoin introduced a lot of new people to crypto-currency. These people will be hurt the most. And that's bad for everyone.
I still see a lot of confusion about merged mining, and I would like to clarify as much as I can:
And if you have questions about how merged mining works, please read my whole merged mining AMA again. It answers all your questions about why merged mining does not hurt dogecoin price. And why merged mining is really the best solution to this unique problem.
I will be around to answer any questions. (But please read the AMA first) And I am at the Chicago Bitcoin conference today and will be at CoinCongress in San Francisco on Wednesday/Thursday. If anyone wants to approach me to talk in person, I will be glad to. I don't bite... really, I don't. :)
*EDIT: I tipped the top posts each 1000 doge until I ran out of coins. I got most of these coins as thanks when I did the AMA. Figure I should pass these back to people who are contributing to this conversation. Thanks! *
submitted by coblee to dogecoin [link] [comments]

Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero) - Reformatted for Reddit

Original post by rethink-your-strategy on Bitcointalk.org here
This post has been reformatted to share on Reddit. What once was common knowledge, is now gone. You want a quality history lesson? Share this like wildfire.
August 15, 2014, 08:15:37 AM

Preamble

I'd like to start off by stating categorically that the cryptography presented by CryptoNote is completely, entirely solid. It has been vetted and looked over by fucking clever cryptographers/developers/wizards such as gmaxwell. Monero have had a group of independent mathematicians and cryptographers peer-reviewing the whitepaper (their annotations are here, and one of their reviews is here), and this same group of mathematicians and cryptographers is now reviewing the implementation of the cryptography in the Monero codebase. Many well known Bitcoin developers have already had a cursory look through the code to establish its validity. It is safe to say that, barring more exotic attacks that have to be mitigated over time as they are invented/discovered, and barring a CryptoNote implementation making rash decisions to implement something that reduces the anonymity set, the CryptoNote currencies are all cryptographically unlinkable and untraceable.
Two other things I should mention. I curse a lot when I'm angry (and scams like this make me angry). Second, where used my short date format is day/month/year (smallest to biggest).
If you find this information useful, a little donation would go a long way. Bitcoin address is 1rysLufu4qdVBRDyrf8ZjXy1nM19smTWd.

The Alleged CryptoNote/Bytecoin Story

CryptoNote is a new cryptocurrency protocol. It builds on some of the Bitcoin founding principles, but it adds to them. There are aspects of it that are truly well thought through and, in a sense, quite revolutionary. CryptoNote claim to have started working on their project years ago after Bitcoin's release, and I do not doubt the validity of this claim...clearly there's a lot of work and effort that went into this. The story as Bytecoin and CryptoNote claim it to be is as follows:
They developed the code for the principles expressed in their whitepaper, and in April, 2012, they released Bytecoin. All of the copyright messages in Bytecoin's code are "copyright the CryptoNote Developers", so clearly they are one and the same as the Bytecoin developers. In December 2012, they released their CryptoNote v1 whitepaper. In September 2013, they released their CryptoNote v2 whitepaper. In November 2013, the first piece of the Bytecoin code was first pushed to Github by "amjuarez", with a "Copyright (c) 2013 amjuarez" copyright notice. This was changed to "Copyright (c) 2013 Antonio Juarez" on March 3rd, 2014. By this juncture only the crypto libraries had been pushed up to github. Then, on March 4th, 2014, "amjuarez" pushed the rest of the code up to github, with the README strangely referring to "cybernote", even though the code referred to "Cryptonote". The copyrights all pointed to "the Cryptonote developers", and the "Antonio Juarez" copyright and license file was removed. Within a few days, "DStrange" stumbled across the bytecoin.org website when trying to mine on the bte.minefor.co.in pool (a pool for the-other-Bytecoin, BTE, not the-new-Bytecoin, BCN), and the rest is history as we know it. By this time Bytecoin had had a little over 80% of its total emission mined.

Immediate Red Flags

The first thing that is a red flag in all of this is that nobody, and I mean no-fucking-body, is a known entity. "Antonio Juarez" is not a known entity, "DStrange" is not a known entity, none of the made up names on the Bytecoin website exist (they've since removed their "team" page, see below), none of the made up names on the CryptoNote website exist (Johannes Meier, Maurice Planck, Max Jameson, Brandon Hawking, Catherine Erwin, Albert Werner, Marec Plíškov). If they're pseudonyms, then say so. If they're real names, then who the fuck are they??? Cryptographers, mathematicians, and computer scientists are well known - they have published papers or at least have commented on articles of interest. Many of them have their own github repos and Twitter feeds, and are a presence in the cryptocurrency community.
The other immediate red flag is that nobody, and I mean no-fucking-body, had heard of Bytecoin. Those that had heard of it thought it was the crummy SHA-256 Bitcoin clone that was a flop in the market. Bytecoin's claim that it had existed "on the deep web" for 2 years was not well received, because not a single vendor, user, miner, drug addict, drug seller, porn broker, fake ID card manufacturer, student who bought a fake ID card to get into bars, libertarian, libertard, cryptographer, Tor developer, Freenet developer, i2p developer, pedophile, or anyone else that is a known person - even just known on the Internet - had ever encountered "Bytecoin" on Tor. Ever. Nobody.

Indisputable Facts

Before I start with some conjecture and educated guesswork, I'd like to focus on an indisputable fact that obliterates any trust in both Bytecoin's and CryptoNote's bullshit story. Note, again, that I do not doubt the efficacy of the mathematics and cryptography behind CryptoNote, nor do I think there are backdoors in the code. What I do know for a fact is that the people behind CryptoNote and Bytecoin have actively deceived the Bitcoin and cryptocurrency community, and that makes them untrustworthy now and in the future. If you believe in the fundamentals in CryptoNote, then you need simply use a CryptoNote-derived cryptocurrency that is demonstrably independent of CryptoNote and Bytecoin's influence. Don't worry, I go into this a little later.
So as discussed, there were these two whitepapers that I linked to earlier. Just in case they try remove them, here is the v1 whitepaper and the v2 whitepaper mirrored on Archive.org. This v1/v2 whitepaper thing has been discussed at length on the Bytecoin forum thread, and the PGP signature on the files has been confirmed as being valid. When you open the respective PDFs you'll notice the valid signatures in them:
signature in the v1 whitepaper
signature in the v2 whitepaper
These are valid Adobe signatures, signed on 15/12/2012 and 17/10/2013 respectively. Here's where it gets interesting. When we inspect this file in Adobe Acrobat we get a little more information on the signature
.
Notice the bit that says "Signing time is from the clock on the signer's computer"? Now normally you would use a Timestamp Authority (TSA) to validate your system time. There are enough public, free, RFC 3161 compatible TSAs that this is not a difficult thing. CryptoNote chose not do this. But we have no reason to doubt the time on the signature, right guys? crickets
.
See these references from the v1 whitepaper footnotes? Those two also appear in the v2 whitepaperth. Neither of those two footnotes refer to anything in the main body of the v1 whitepaper's text, they're non-existent (in the v2 whitepaper they are used in text). The problem, though, is that the Bitcointalk post linked in the footnote is not from early 2012 (proof screenshot is authentic: https://bitcointalk.org/index.php?topic=196259.0)
.
May 5, 2013. The footnote is referencing a post that did not exist until then. And yet we are to believe that the whitepaper was signed on 12/12/2012! What sort of fucking fools do they take us for?
A little bit of extra digging validates this further. The document properties for both the v1 whitepaper as well as the v2 whitepaper confirms they were made in TeX Live 2013, which did not exist on 12/12/2012. The XMP properties are also quite revealing
XMP properties for the v1 whitepaper
XMP properties for the v2 whitepaper
According to that, the v1 whitepaper PDF was created on 10/04/2014, and the v2 whitepaper was created on 13/03/2014. And yet both of these documents were then modified in the past (when they were signed). Clearly the CryptoNote/Bytecoin developers are so advanced they also have a time machine, right?
Final confirmation that these creation dates are correct are revealed those XMP properties. The properties on both documents confirm that the PDF itself was generated from the LaTeX source using pdfTeX-1.40.14 (the pdf:Producer property). Now pdfTeX is a very old piece of software that isn't updated very often, so the minor version (the .14 part) is important.
.
pdfTeX 1.40.14 pushed to source repo on Feb 14, 2014
.
This version of pdfTeX was only pushed to the pdfTeX source repository on February 14, 2014, although it was included in a very early version of TeX Live 2013 (version 2013.20130523-1) that was released on May 23, 2013. The earliest mentions on the Internet of this version of pdfTeX are in two Stack Exchange comments that confirm its general availability at the end of May 2013 (here and here).
The conclusion we draw from this is that the CryptoNote developers, as clever as they were, intentionally deceived everyone into believing that the CryptoNote whitepapers were signed in 2012 and 2013, when the reality is that the v2 whitepaper was created in March, 2014, and the v1 whitepaper haphazardly created a month later by stripping bits out of the v2 whitepaper (accidentally leaving dead footnotes in).
Why would they create this fake v2 whitepaper in the first place? Why not just create a v1 whitepaper, or not even version it at all? The answer is simple: they wanted to lend credence and validity to the Bytecoin "2 years on the darkweb" claim so that everyone involved in CryptoNote and Bytecoin could profit from the 2 year fake mine of 82% of Bytecoin. What they didn't expect is the market to say "no thank you" to their premine scam.

And Now for Some Conjecture

As I mentioned earlier, the Bytecoin "team" page disappeared. I know it exists, because "AtomicDoge" referred to it as saying that one of the Bytecoin developers is a professor at Princeton. I called them out on it, and within a week the page had disappeared. Fucking cowards.
That was the event that triggered my desire to dig deeper and uncover the fuckery. As I discovered more and more oddities, fake accounts, trolling, and outright falsehoods, I wondered how deep the rabbit hole went. My starting point was DStrange. This is the account on Bitcointalk that "discovered" Bytecoin accidentally a mere 6 days after the first working iteration of the code was pushed to Github, purely by chance when mining a nearly dead currency on a tiny and virtually unheard of mining pool. He has subsequently appointed himself the representative of Bytecoin, or something similar. The whole thing is so badly scripted it's worse than a Spanish soap opera...I can't tell who Mr. Gonzales, the chief surgeon, is going to fuck next.
At the same time as DStrange made his "fuck me accidental discovery", another Bitcointalk account flared up to also "accidentally discover this weird thing that has randomly been discovered": Rias. What's interesting about both the "Rias" and "DStrange" accounts are their late 2013 creation date (October 31, 2013, and December 23, 2013, respectively), and yet they lay dormant until suddenly, out of the blue, on January 20th/21st they started posting. If you look at their early posts side by side you can even see the clustering: Rias, DStrange.
At any rate, the DStrange account "discovering" Bytecoin is beyond hilarious, especially with the Rias account chiming in to make the discovery seem natural. Knowing what we unmistakably do about the fake CryptoNote PDF dates lets us see this in a whole new light.
Of course, as has been pointed out before, the Bytecoin website did not exist in its "discovered" form until sometime between November 13, 2013 (when it was last captured as this random picture of a college girl) and February 25, 2014 (when it suddenly had the website on it as "discovered"). This can be confirmed by looking at the captures on Wayback Machine: https://web.archive.org/web/*/http://bytecoin.org
The CryptoNote website, too, did not exist in its current form until after October 20, 2013, at which time it was still the home of an encrypted message project by Alain Meier, a founding member of the Stanford Bitcoin Group and co-founder of BlockScore. This, too, can be confirmed on Wayback Machine: https://web.archive.org/web/*/http://cryptonote.org
~It's hard to ascertain whether Alain had anything to do with CryptoNote or Bytecoin. It's certainly conceivable that the whitepaper was put together by him and other members of the Stanford Bitcoin Group, and the timeline fits, given that the group only formed around March 2013. More info on the people in the group can be found on their site, and determining if they played a role is something you can do in your own time.~
Update: Alain Meier posted in this thread, and followed it up with a Tweet, confirming that he has nothing to do with CryptoNote and all the related...stuff.

Batshit Insane

The Bytecoin guys revel in creating and using sockpuppet accounts. Remember that conversation where "Rias" asked who would put v1 on a whitepaper with no v2 out, and AlexGR said "a forward looking individual"? The conversation took place on May 30, and was repeated verbatim by shill accounts on Reddit on August 4 (also, screenshot in case they take it down).
Those two obvious sockpuppet/shill accounts also take delight in bashing Monero in the Monero sub-reddit (here are snippets from WhiteDynomite and cheri0). Literally the only thing these sockpuppets do, day in and day out, is make the Bytecoin sub-reddit look like it's trafficked, and spew angry bullshit all over the Monero sub-reddit. Fucking batshit insane - who the fuck has time for that? Clearly they're pissy that nobody has fallen for their scam. Oh, and did I mention that all of these sockpuppets have a late January/early February creation date? Because that's not fucking obvious at all.
And let's not forget that most recently the sockpuppets claimed that multi-sig is "a new revolutionary technology, it was discovered a short time ago and Bytecoin already implemented it". What the actual fuck. If you think that's bad, you're missing out on the best part of all: the Bytecoin shills claim that Bytecoin is actually Satoshi Nakamoto's work. I'm not fucking kidding you. For your viewing pleasure...I present to you...the Bytecoin Batshit Insane Circus:
.
https://bitcointalk.org/index.php?topic=512747.msg8354977#msg8354977
.
Seriously. Not only is this insulting as fuck to Satoshi Nakamoto, but it's insulting as fuck to our intelligence. And yet the fun doesn't stop there, folks! I present to you...the centerpiece of this Bytecoin Batshit Insane Circus exhibit...
.
Of course! How could we have missed it! The clues were there all along! The CryptoNote/Bytecoin developers are actually aliens! Fuck me on a pogostick, this is the sort of stuff that results in people getting committed to the loony bin.
One last thing: without doing too much language analysis (which is mostly supposition and bullshit), it's easy to see common grammar and spelling fuck ups. My personal favorite is the "Is it true?" question. You can see it in the Bytecoin thread asking if it's Satoshi's second project, in the Monero thread asking if the Monero devs use a botnet to fake demand, and in the Dashcoin thread confirming the donation address (for a coin whose only claim is that they copy Bytecoin perfectly, what the fuck do they need donations for??).

Layer After Layer

One of the things that happened soon after the Bytecoin "big reveal" was a string of forks popping up. The first was Bitmonero on April 18. Fantomcoin was launched May 6. Quazarcoin was launched May 8. HoneyPenny was announced on April 21, although only launched as Boolberry on May 17. duckNote was launched on May 30. MonetaVerde as launched June 17.
Now for some reason unbeknownst to anyone with who isn't a retarded fuckface, the Bytecoin code was pushed up to SourceForge on 08/04/2014 (the "Registered" date is at the bottom of the page). I have no idea why they did this, maybe it's to try and lend credence to their bullshit story (oh hey, look how old Bytecoin is, it's even on Sourceforge!)
Coincidentally, and completely unrelated (hurr durr), Quazarcoin, Fantomcoin, and Monetaverde are all also on Sourceforge. This gives us a frame of reference and a common link between them - it's quite clear that at least these three are run by the same team as CryptoNote. There is further anecdotal evidence that can be gathered by looking at the shill posts in the threads (especially the way the Moneteverda shills praise merge mining, in a way that is nearly fucking indistinguishable from the Bytecoin praise for multi-sig technology).
QuazarCoin is a special case and deserves a little attention. Let's start with OracionSeis, who launched it. He's well known on Bitcointalk for selling in-game currencies. In that same thread you'll notice this gem right at the end from Fullbuster: "Hey,OracionSeis is no longer under my use so please https://bitcointa.lk/threads/selling-most-of-the-game-currencies.301540/#post-5996983 come into this thread! thank you !" Click through to his new link and Fullbuster clarifies: "Hello, I may look new around here but i've sold my first account and created new one and i have an intention to keep the same services running as my first account did." So now that we know that OracionSeis is a fucking bought account, we can look at his actions a little more critically.
On May 7, just when Monero was being taken back by the community (see below), OracionSeis out of the blue decided to take it overelaunch it himself. This included a now-defunct website at monero.co.in, and a since-abandoned Github. The community pushed back hard, true to form, with hard-hitting statements such as "To reiterate, this is not the original devs, and thus not a relaunch. OP, fuck you for trying this. This should warrant a ban." A man after my own heart. OracionSeis caved and decided to rename it to...QuazarCoin, which launched on May 8. To recap: bought account, launched by trying to "relaunch" Monero, got fucked up, renamed it to QuazarCoin. Clearly and undeniably goes in our pile of fuckface coins.
The other three are a little more interesting. Let's start with ~fuckNote~duckNote. It's hard to say if duckNote is a CryptoNote/Bytecoin project. The addition of the HTML based wallet is a one-trick pony, a common thread among most of the CryptoNote/Bytecoin controlled coins, but that could also be the result of a not-entirely-retarded developer. Given the shill posts in the duckNote thread I'm going to flag it as possibly-controlled-by-the-fuckface-brigade.
And now we come to ~HoneyPenny~ ~MoneyPenny~ ~HoneyBerry~ ~Boolean~ Boolberry. This is an interesting one. This was "pre-announced" on April 21, although it was only released with the genesis block on May 17. This puts it fourth in line, after Fantomcoin and Quazarcoin, although fucktarded proponents of the shittily-named currency insist that it was launched on April 21 because of a pre-announcement. Fucking rejects from the Pool of Stupidity, some of them. At any rate, "cryptozoidberg" is the prolific coder that churned out a Keccak-derived PoW (Wild Keccak) in a month, and then proceeded to add completely fucking retarded features like address aliasing that requires you to mine a block to get an address (lulz) and will never cause any issues when "google" or "obama" or "zuckerberg" want their alias back. Namecoin gets around this by forcing you to renew every ~200 - 250 days, and besides, nobody is making payments to microsoft.bit. This aliasing system is another atypical one-trick-pony that the CryptoNote developers push out and claim is monumental and historical and amazing.
There's also the matter of cryptozoidberg's nickname. In the Bytecoin code there's the BYTECOIN_NETWORK identifiert, which according to the comment is "Bender's nightmare" (hurr durr, such funny, 11100111110001011011001210110110 has a 2 in it). Now this may be a little bit of conjecture, yo, but the same comment appears twice in the "epee" contributed library, once in the levin signature, and again in the portable storage signature. The contexts are so disconnected and different that it would be a fucking stretch to imagine that the same person did not write both of these. We can also rule out this being a Bytecoin-specific change, as the "Bender's nightmare" comments exist in the original epee library on githubw (which is completely unused anywhere on the planet except in Bytecoin, most unusual for a library that has any usefulness, and was first committed to github on February 9, 2014).
We know from the copyright that Andrey N. Sabelnikov is the epee author, and we can say with reasonable certainty that he was involved in Bytecoin's creation and is the dev behind Boolberry. Sabelnikov is quite famous - he wrote the Kelihos botnet code and worked at two Russian security firms, Microsoft took him to court for his involvement (accusing him of operating the botnet as well), and then settled with him out of court on the basis of him not running the botnet but just having written the code. Kelihos is a botnet that pumped out online pharmacy spam (you know the fucking annoying "Y-ou Ne3D Vi-4Gra!?" emails? those.) so it's good to see he transitioned from that to a cryptocurrency scam. Regardless of BBR's claim to have "fixed" CryptoNote's privacy (and the fake fight on Bitcointalk between the "Bytecoin devs" and cryptozoidberg), it's clear that the link between them is not transparent. BBR is either the brainchild of a spam botnet author that worked on Bytecoin, or it's the CryptoNote developers trying to have one currency distanced from the rest so that they have a claim for legitimacy. I think it's the second one, and don't want to enter into a fucking debate about it. Make up your own mind.
Which brings us to the oddest story of the bunch: Bitmonero. It's pretty clear, given its early launch date and how unfamiliar anyone was with creating a genesis block or working in completely undocumented code, that thankful_for_today is/was part of the CryptoNote developers. He made a fatal error, though: he thought (just like all the other cryptocurrencies) that being "the dev" made him infallible. Ya know what happened? He tried to force his ideas, the community politely said "fuck you", and Bitmonero was forked into Monero, which is leading the pack of CryptoNote-based coins today. Let me be perfectly fucking clear: it doesn't matter that the Bytecoin/CryptoNote developers know their code and can push stuff out, and it doesn't matter that Sabelnikov can shovel bullshit features into his poorly named cryptocurrency, and it doesn't matter that Monetaverde is "green" and has "merged mining". Nobody working behind these cryptocurrencies is known in the cryptocurrency community, and that alone should be a big fucking red flag. Monero is streets ahead, partly because of the way they're developing the currency, but mostly because the "core devs" or whatever they're called are made up of reasonably well-known people. That there are a bunch of them (6 or 7?) plus a bunch of other people contributing code means that they're sanity checking each other.
And, as we saw, this has fucking infuriated the Bytecoin/CryptoNote developers. They're so angry they waste hours and hours with their Reddit accounts trawling the Monero sub-reddit, for what? Nobody has fallen for their scam, and after my revelation today nobody fucking will. Transparency wins, everything else is bullshit.
As pointed out by canonsburg, when the Bytecoin/CryptoNote people realised they'd lost the fucking game, they took a "scorched earth" approach. If they couldn't have the leading CryptoNote coin...they'd fucking destroy the rest by creating a shit-storm of CryptoNote coins. Not only did they setup a thread with "A complete forking guide to create your own CryptoNote currency", but they even have a dedicated website with a fuckton of JavaScript. Unfortunately this plan hasn't worked for them, because they forgot that nobody gives a fuck, and everyone is going to carry on forking Bitcoin-based coins because of the massive infrastructure and code etc. that works with Bitcoin-based coins.
There are a bunch of other useless CryptoNote coins, by the way: Aeon, Dashcoin, Infinium-8, OneEvilCoin. We saw earlier that Dashcoin is probably another CryptoNote developer driven coin. However, this entire group is not really important enough, nor do they have enough potential, for me to give a single fuck, so make up your own mind. New CryptoNote coins that pop up should be regarded with the utmost caution, given the bullshit capabilities that we've already seen.

All Tied Up in a Bow

I want to cement the relationship between the major CryptoNote shitcoins. I know that my previous section had a lot of conjecture in it, and there's been some insinuation that I'm throwing everyone under the bus because I'm raging against the machine. That's not my style. I'm more of a Katy Perry fan..."you're going to hear me roar". There were some extra links I uncovered during my research, and I lacked the time to add it to this post. Thankfully a little bit of sleep and a can of Monster later have given me the a chance to add this. Let's start with an analysis of the DNS records of the CN coins.
If we look at the whois and DNS records for bytecoin.org, quazarcoin.org, fantomcoin.org, monetaverde.org, cryptonote.org, bytecoiner.org, cryptonotefoundation.org, cryptonotestarter.org, and boolberry.com, we find three common traits, from not-entirely-damming to oh-shiiiiiiit:
  1. There's a lot of commonality with the registrar (NameCheap for almost all of them), the DNS service (HurricaneElectric's Free DNS or NameCheap's DNS), and with the webhost (LibertyVPS, QHosteSecureFastServer.com, etc.)
  2. All of the CN domains use WhoisGuard or similar private registration services.
  3. Every single domain, without exception, uses Zoho for email. The only outlier is bitmonero.org that uses Namecheap's free email forwarding, but it's safe to disregard this as the emails probably just forward to the CryptoNote developers' email.
The instinct may be to disregard this as a fucking convenient coincidence. But it isn't: Zoho used to be a distant second go Google Apps, but has since fallen hopelessly behind. Everyone uses Google Apps or they just use mail forwarding or whatever. With the rest of the points as well, as far-fetched as the link may seem, it's the combination that is unusual and a dead giveaway of the common thread. Just to demonstrate that I'm not "blowing shit out of proportion" I went and checked the records for a handful of coins launched over the past few months to see what they use.
darkcoin.io: mail: Namecheap email forwarding, hosting: Amazon AWS, open registration through NameCheap monero.cc: mail: mail.monero.cc, hosting: behind CloudFlare, open registration through Gandi xc-official.com: mail: Google Apps, hosting: MODX Cloud, hidden registration (DomainsByProxy) through GoDaddy blackcoin.io: mail: Namecheap email forwarding, hosting: behind BlackLotus, open registration through NameCheap bitcoindark.org: mail: no MX records, hosting: Google User Content, open registration through Wix viacoin.org: mail: mx.viacoin.org, hosting: behind CloudFlare, closed registration (ContactPrivacy) through Hostnuke.com neutrinocoin.org: mail: HostGator, hosting: HostGator, open registration through HostGator
There's no common thread between them. Everyone uses different service providers and different platforms. And none of them use Zoho.
My next check was to inspect the web page source code for these sites to find a further link. If you take a look at the main CSS file linked in the source code for monetaverde.org, fantomcoin.org, quazarcoin.org, cryptonotefoundation.org, cryptonote-coin.org, cryptonote.org, bitmonero.org, and bytecoiner.org, we find a CSS reset snippet at the top. It has a comment at the top that says "/* CSS Reset /", and then where it resets/sets the height it has the comment "/ always display scrollbars */". Now, near as I can find, this is a CSS snipped first published by Jake Rocheleau in an article on WebDesignLedger on October 24, 2012 (although confusingly Google seems to think it appeared on plumi.de cnippetz first, but checking archive.org shows that it was only added to that site at the beginning of 2013). It isn't a very popular CSS reset snippet, it got dumped in a couple of gists on Github, and translated and re-published in an article on a Russian website in November, 2012 (let's not go full-blown conspiritard and assume this links "cryptozoidberg" back to this, he's culpable enough on his own).
It's unusual to the point of being fucking impossible for one site to be using this, let alone a whole string of supposedly unrelated sites. Over the past few years the most popular CSS reset scripts have been Eric Meyer's "Reset CSS", HTML5 Doctor CSS Reset, Yahoo! (YUI 3) Reset CSS, Universal Selector ‘’ Reset, and Normalize.css, none of which contain the "/ CSS Reset /" or "/ always display scrollbars */" comments.
You've got to ask yourself a simple question: at what point does the combination of all of these fucking coincidental, completely unusual elements stop being coincidence and start becoming evidence of a real, tenable link? Is it possible that bytecoin.org, quazarcoin.org, fantomcoin.org, monetaverde.org, cryptonote.org, bytecoiner.org, cryptonotefoundation.org, cryptonotestarter.org, and boolberry.com just happen to use similar registrars/DNS providers/web hosts and exactly the fucking same wildly unpopular email provider? And is it also possible that monetaverde.org, fantomcoin.org, quazarcoin.org, cryptonotefoundation.org, cryptonote-coin.org, cryptonote.org, and bytecoin.org just happen to use the same completely unknown, incredibly obscure CSS reset snippet? It's not a conspiracy, it's not a coincidence, it's just another piece of evidence that all of these were spewed out by the same fucking people.

The Conclusion of the Matter

Don't take the last section as any sort of push for Monero. I think it's got potential (certainly much more than the other retarded "anonymous" coins that "developers" are popping out like street children from a cheap ho), and I hold a bit of XMR for shits and giggles, so take that tacit endorsement with a pinch of fucking salt.
The point is this: Bytecoin's 82% premine was definitely the result of a faked blockchain. CryptoNote's whitepaper dates were purposely falsified to back up this bullshit claim. Both Bytecoin and CryptoNote have perpetuated this scam by making up fake website data and all sorts. They further perpetuate it using shill accounts, most notably "DStrange" and "Rias" among others.
They launched a series of cryptocurrencies that should be avoided at all cost: Fantomcoin, Quazarcoin, and Monetaverde. They are likely behind duckNote and Boolberry, but fuck it, it's on your head if you want to deal with scam artists and botnet creators.
They developed amazing technology, and had a pretty decent implementation. They fucked themselves over by being fucking greedy, being utterly retarded, being batshit insane, and trying to create legitimacy where there was none. They lost the minute the community took Monero away from them, and no amount of damage control will save them from their own stupidity.
I expect there to be a fuck-ton of shills posting in this thread (and possibly a few genuine supporters who don't know any better). If you want to discuss or clarify something, cool, let's do that. If you want to have a protracted debate about my conjecture, then fuck off, it's called conjecture for a reason you ignoramus. I don't really give a flying fuck if I got it right or wrong, you're old and ugly enough to make up your own mind.
tl;dr - CryptoNote developers faked dates in whitepapers. Bytecoin faked dates in fake blockchain to facilitate an 82% premine, and CryptoNote backed them up. Bytecoin, Fantomcoin, Quazarcoin, Monetaverde, Dashcoin are all from the same people and should be avoided like the fucking black plague. duckNote and Boolberry are probably from them as well, or are at least just fucking dodgy, and who the fuck cares anyway. Monero would have been fucking dodgy, but the community saved it. Make your own mind up about shit and demand that known people are involved and that there is fucking transparency. End transmission.
Just a reminder that if you found this information useful, a little donation would go a long way. Bitcoin address is 1rysLufu4qdVBRDyrf8ZjXy1nM19smTWd.
submitted by OsrsNeedsF2P to CryptoCurrency [link] [comments]

The Synthetic Newbe Doge buy guide, plus my 2 cents

Hi guys, this is my first post/comment/whatever on reddit, I hope it can be useful to everyone. I want to talk mainly about 2 topics:
Section 1) : To The Mooooon!
I'm a proud owner of 3.6K dogecoins, I mainly earned them in 2 ways
I'm a newbe in dogecoins or cryptocurrency in general, but I'm not a newbe on the net. I'm skilled in researches, payments and avoid scam/frauds, since I was a newbe I needed 2 things on my way to buy: affordable and safe.
What it comes is what I found.

=========== START OF TUTORIAL ================

Section 1a) : Buy Them
IMPORTANT: You CANNOT use Paypal, just SEPA or credit/debit card, even prepaid ones (which I suggest, safety first!)
Coinbase is the most safe "crypto-bank" I've been able to find. To join their board, you need to subscribe a new account, set your phone number, send a document so they can verify your ID, save a payment method.
Step 1/3:
IMPORTANT: keep in mind that you will pay a small fixed fee on your transfer, in my case if I buy an amount:
Step 2/3: Now that you own your bitcoin/ethereum/litecoin, you have to exchange them, but before this you need a wallet! I found a nice and safe site:
Just subscribe here, follow ALL the instruction the site asks, and in a couple of minutes you'll have a safe, fast with no fees doge wallet. Remember to backup all your wallet in a safe place!
Step 3/3:
Since it's almost impossible to directly buy dogecoin, you need a way to buy something else (bitcoin, ethereum or litecoin in this tutorial), and then exchange in to dogecoins. For this pourpose, I used changer.
All you have to do is subscribe an account, it is a legit site, you have to (obviously) pay some fees when converting a coin to another, but they're not that high. Safeness means fee, remember!
IMPORTANT: remember that every coin transaction pays a fee, so keep in mind that from the amount of coins you are going to trasnfer from your coinbase account, you have to substract the automatically applied fees (what you can send FROM coinbase will ALWAYS be a bit less than your balance!) . To check how much you can transfer, just go into coinbase, the 3th menu option on the top (the wallet icon), select the coin you bought (in my case Litecoin) and click on send, click on the amount you want to send (there are 2 fields, first euusd and second the amount of coin) and then click maximum amount. Copy that number.
Now, go back to changer:
Now you have to wait 10-20 min in order to transfer the coinbase amount to changer, then from changer to your dogecoin wallet, that's it!
IMPORTANT: there's always a loading bar over the amount to transfer field in changer, when it is full it will update the change rate from one coin to another, it depends on the market change rate.
That's it, congratulations, you safely bought dogecoins! Welcome new shiber!
Section 1b) : Faucet
There are many faucet or things that promise you free coins, 2 considerations:
Anyway during my researches, I found a "group" of inter-related faucets that really pay, I received about 300 doge from them. The idea behind this kind of faucets I'm about to talk is: the more often you'll check the page (not less than 5 minutes), the more you'll learn (anyway we're talking of cents even assuming you'll never sleep and stop living, just be on the site to claim every 5 minutes). Anyway, this set of faucets will continue generating coins even if your browser is absolutely closed, so they're worth a try.
That's it new shiber, you got some free dogecoins!
Actually, I spent 40 eur on dogecoin, buying in different times, hope we'll go on the moon soon :)

=========== END OF TUTORIAL ================

Section 2): My 2 cents
I think that what is happening to cryptomarket in these days is related to many factors.
In my opinion, there's no reason to get scared, in 10 days cryptomarket lost an average of 30% value, why shouldn't it gain back again? In february I expect dogecoin to skyrocket, as well as other cryptocurrencies, this is a sea that cannot be stopped anymore, so shibers let's hold, and don't forget that
1 Doge = 1 Doge.
Hope all this poem will be useful to someone, keep rocking guys :)
Thank you for your existence reddit, I learned a lot thanks to you!
submitted by Skull_47 to dogecoin [link] [comments]

r/Bitcoin recap - August 2018

Hi Bitcoiners!
I’m back with the twentieth monthly Bitcoin news recap.
For the Daily Discussion Thread please go here.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in August 2018
submitted by SamWouters to Bitcoin [link] [comments]

IRC Log from Ravencoin Open Developer Meeting - Aug 24, 2018

[14:05] <@wolfsokta> Hello Everybody, sorry we're a bit late getting started
[14:05] == block_338778 [[email protected]/web/freenode/ip.72.214.222.226] has joined #ravencoin-dev
[14:06] <@wolfsokta> Here are the topics we would like to cover today • 2.0.4 Need to upgrade - What we have done to communicate to the community • Unique Assets • iOS Wallet • General Q&A
[14:06] == Chatturga changed the topic of #ravencoin-dev to: 2.0.4 Need to upgrade - What we have done to communicate to the community • Unique Assets • iOS Wallet • General Q&A
[14:06] <@wolfsokta> Daben, could you mention what we have done to communicate the need for the 2.0.4 upgrade?
[14:07] == hwhwhsushwban [[email protected]/web/freenode/ip.172.58.37.35] has joined #ravencoin-dev
[14:07] <@wolfsokta> Others here are free to chime in where they saw the message first.
[14:07] == hwhwhsushwban [[email protected]/web/freenode/ip.172.58.37.35] has quit [Client Quit]
[14:08] Whats up bois
[14:08] hi everyone
[14:08] hi hi
[14:08] <@wolfsokta> Discussing the 2.0.4 update and the need to upgrade.
[14:08] <@Chatturga> Sure. As most of you are aware, the community has been expressing concerns with the difficulty oscillations, and were asking that something be done to the difficulty retargeting. Many people submitted suggestions, and the devs decided to implement DGW.
[14:09] <@Tron> I wrote up a short description of why we're moving to a new difficulty adjustment. https://medium.com/@tronblack/ravencoin-dark-gravity-wave-1da0a71657f7
[14:09] <@Chatturga> I have made posts on discord, telegram, bitcointalk, reddit, and ravencointalk.org from testnet stages through current.
[14:10] <@Chatturga> If there are any other channels that can reach a large number of community members, I would love to have more.
[14:10] <@wolfsokta> Thanks Tron, that hasn't been shared to the community at large yet, but folks feel free to share it.
[14:10] When was this decision made and by whom and how?
[14:10] <@Chatturga> I have also communicated with the pool operators and exchanges about the update. Of all of the current pools, only 2 have not yet updated versions.
[14:11] <@wolfsokta> The decision was made by the developers through ongoing requests for weeks made by the community.
[14:12] <@wolfsokta> Evidence was provided by the community of the damages that could be caused to projects when the wild swings continue.
[14:12] So was there a meeting or vote? How can people get invited
[14:12] <@Tron> It was also informed by my conversations with some miners that recommended that we make the change before the coin died. They witnessed similar oscillations from which other coins never recovered.
[14:13] only two pools left to upgrade is good, what about the exchanges? Any word on how many of those have/have not upgraded?
[14:13] <@wolfsokta> We talked about here in our last meeting Bruce_. All attendees were asked if they had any questions or concerns.
[14:13] == blondfrogs [[email protected]/web/freenode/ip.185.245.87.219] has joined #ravencoin-dev
[14:13] == roshii [[email protected]/web/freenode/ip.41.251.25.100] has joined #ravencoin-dev
[14:13] sup roshii long time no see
[14:14] <@Chatturga> Bittrex, Cryptopia, and IDCM have all either updated or have announced their intent to update.
[14:14] == wjcgiwgu283ik3cj [[email protected]/web/freenode/ip.172.58.37.35] has joined #ravencoin-dev
[14:15] sup russki
[14:15] what's the status here?
[14:15] I don’t think that was at all clear from the last dev meeting
[14:15] I can’t be the only person who didn’t understand it
[14:15] <@wolfsokta> Are there any suggestions on how to communicate the need to upgrade even further? I am concerned that others might also not understand.
[14:17] I’m not sold on the benefit and don’t understand the need for a hard fork — I think it’s a bad precedent to simply go rally exchanges to support a hard fork with little to no discussion
[14:17] so just to note, the exchanges not listed as being upgraded or have announced their intention to upgrade include: qbtc, upbit, and cryptobridge (all with over $40k usd volume past 24 hours according to coinmarketcap)
[14:18] <@wolfsokta> I don't agree that there was little or no discussion at all.
[14:19] <@wolfsokta> Looking back at our meeting notes from two weeks ago "fork" was specifically asked about by BrianMCT.
[14:19] If individual devs have the power to simple decide to do something as drastic as a hard fork and can get exchanges and miners to do it that’s got a lot of issues with centralization
[14:19] <@wolfsokta> It had been implemented on testnet by then and discussed in the community for several weeks before that.
[14:19] == under [[email protected]/web/freenode/ip.72.200.168.56] has joined #ravencoin-dev
[14:19] howdy
[14:19] Everything I’ve seen has been related to the asset layer
[14:19] I have to agree with Bruce_, though I wasn't able to join the last meeting here. That said I support the fork
[14:20] Which devs made this decision to do a fork and how was it communicated?
[14:20] well mostly the community made the decision
[14:20] Consensus on a change is the heart of bitcoin development and I believe the devs have done a great job building that consensus
[14:20] a lot of miners were in uproar about the situation
[14:20] <@wolfsokta> All of the devs were supporting the changes. It wasn't done in isolation at all.
[14:21] This topic has been a huge discussion point within the RVN mining community for quite some time
[14:21] the community and miners have been having issues with the way diff is adjusted for quite some time now
[14:21] Sure I’m well aware of that -
[14:21] Not sold on the benefits of having difficulty crippled by rented hashpower?
[14:21] The community saw a problem. The devs got together and talked about a solution and implemented a solution
[14:21] I’m active in the community
[14:22] So well aware of the discussions on DGW etc
[14:22] Hard fork as a solution to a problem community had with rented hashpower (nicehash!!) sounds like the perfect decentralized scenario!
[14:23] hard forks are very dangerous
[14:23] mining parties in difficulty drops are too
[14:23] <@wolfsokta> Agreed, we want to keep them to an absolute minimum.
[14:23] But miners motivation it’s the main vote
[14:24] What would it take to convince you that constantly going from 4 Th/s to 500 Gh/s every week is worse for the long term health of the coin than the risk of a hard fork to fix it?
[14:24] == Tron [[email protected]/web/freenode/ip.173.241.144.77] has quit [Ping timeout: 252 seconds]
[14:24] This hardfork does include the asset layer right? if so why is it being delayed in implementation?
[14:24] <@wolfsokta> Come back Tron!
[14:24] coudl it have been implement through bip9 voting?
[14:24] also hard fork is activated by the community! that's a vote thing!
[14:24] @mrsushi to give people time to upgrade their wallet
[14:25] @under, it would be much hard to keep consensus with a bip9 change
[14:25] <@wolfsokta> We investigated that closely Under.
[14:25] == Tron [[email protected]/web/freenode/ip.173.241.144.77] has joined #ravencoin-dev
[14:25] <@wolfsokta> See Tron's post for more details about that.
[14:25] <@spyder_> Hi Tron
[14:25] <@wolfsokta> https://medium.com/@tronblack/ravencoin-dark-gravity-wave-1da0a71657f7
[14:25] Sorry about that. Computer went to sleep.
[14:26] I'm wrong
[14:26] 2 cents. the release deadline of october 31st puts a bit of strain on getting code shipped. (duh). but fixing daa was important to the current health of the coin, and was widely suppported by current mining majority commuity. could it have been implemented in a different manner? yes . if we didnt have deadlines
[14:27] == wjcgiwgu283ik3cj [[email protected]/web/freenode/ip.172.58.37.35] has quit [Quit: Page closed]
[14:27] sushi this fork does not include assets. it's not being delayed though, we're making great progress for an Oct 31 target
[14:28] I don’t see the urgency but my vote doesn’t matter since my hash power is still CPUs
[14:28] <@wolfsokta> We're seeing the community get behind the change as well based on the amount of people jumping back in to mine through this last high difficulty phase.
[14:28] So that will be another hardfork?
[14:28] the fork does include the asset code though set to activate on oct 30th
[14:28] yes
[14:29] <@wolfsokta> Yes, it will based on the upgrade voting through the BIP9 process.
[14:29] I wanted to ask about burn rates from this group: and make a proposal.
[14:29] we're also trying hard to make it the last for awhile
[14:29] Can you clear up the above — there will be this one and another hard fork?
[14:29] <@wolfsokta> Okay, we could discuss that under towards the end of the meeting.
[14:30] If this one has the asset layer is there something different set for October
[14:30] <@wolfsokta> Yes, there will be another hard fork on October 31st once the voting process is successful.
[14:31] <@wolfsokta> The code is in 2.0.4 now and assets are active on testnet
[14:31] Bruce, the assets layer is still being worked on. Assets is active on mainnet. So in Oct 31 voting will start. and if it passes, the chain will fork.
[14:31] this one does NOT include assets for mainnet Bruce -- assets are targeted for Oct 31
[14:31] not***
[14:31] not active****
[14:31] correct me if I'm wrong here, but if everyone upgrades to 2.0.4 for this fork this week, the vote will automatically pass on oct 31st correct? nothing else needs to be done
[14:31] Will if need another download or does this software download cover both forks?
[14:31] <@wolfsokta> Correct Urgo
[14:32] thats how the testnet got activated and this one shows "asset activation status: waiting until 10/30/2018 20:00 (ET)"
[14:32] Will require another upgrade before Oct 31
[14:32] thank you for the clarification wolfsokta
[14:32] <@wolfsokta> It covers both forks, but we might have additional bug fixes in later releases.
[14:32] So users DL one version now and another one around October 30 which activates after that basically?
[14:33] I understand that, but I just wanted to make it clear that if people upgrade to this version for this fork and then don't do anything, they are also voting for the fork on oct 31st
[14:33] Oh okay — one DL?
[14:33] Bruce, Yes.
[14:33] Ty
[14:33] well there is the issue that there maybe some further consensus bugs dealing with the pruneability of asset transactions that needs to be corrected between 2.0.4 and mainnet. so i would imagine that there will be further revisions required to upgrade before now and october 31
[14:33] @under that is correct.
[14:34] I would highly recommend bumping the semver up to 3.0.0 for the final pre 31st release so that the public know to definitely upgrade
[14:34] @under +1
[14:35] out of curiosity, have there been many bugs found with the assets from the version released in july for testnet (2.0.3) until this version? or is it solely a change to DGW?
[14:35] <@wolfsokta> That's not a bad idea under.
[14:35] <@spyder_> @under good idea
[14:35] @urgo. Bugs are being found and fixed daily.
[14:35] Any time the protocol needs to change, there would need to be a hard fork (aka upgrade). It is our hope that we can activate feature forks through the BIP process (as we are doing for assets). Mining pools and exchanges will need to be on the newest software at the point of asset activation - should the mining hash power vote for assets.
[14:35] blondfrogs: gotcha
[14:35] There have been bugs found (and fixed). Testing continues. We appreciate all the bug reports you can give us.
[14:36] <@wolfsokta> Yes! Thank you all for your help in the community.
[14:37] (pull requests with fixes and test coverage would be even better!)
[14:37] asset creation collision is another major issue. current unfair advantage or nodes that fore connect to mining pools will have network topologies that guarantee acceptance. I had discussed the possibility of fee based asset creation selection and i feel that would be a more equal playing ground for all users
[14:38] *of nodes that force
[14:38] <@wolfsokta> What cfox said, we will always welcome development help.
[14:38] So just to make sure everyone know. When assets is ready to go live on oct 31st. Everyone that wants to be on the assets chain without any problems will have to download the new binary.
[14:39] <@wolfsokta> The latest binary.
[14:39] under: already in the works
[14:39] excellent to hear
[14:39] == UserJonPizza [[email protected]/web/freenode/ip.24.218.60.237] has joined #ravencoin-dev
[14:39] <@wolfsokta> Okay, we've spent a bunch of time on that topic and I think it was needed. Does anybody have any other suggestions on how to get the word out even more?
[14:40] maybe preface all 2.0.X releases as pre-releases... minimize the number of releases between now and 3.0 etc
[14:41] <@wolfsokta> Bruce_ let's discuss further offline.
[14:41] wolfsokta: which are the remaining two pools that need to be upgraded? I've identified qbtc, upbit, and cryptobridge as high volume exchanges that haven't said they were going to do it yet
[14:41] so people can help reach out to them
[14:41] f2pool is notoriously hard to contact
[14:41] are they on board?
[14:42] <@wolfsokta> We could use help reaching out to QBTC and Graviex
[14:42] I can try to contact CB if you want?
[14:42] <@Chatturga> The remaining pools are Ravenminer and PickAxePro.
[14:42] <@Chatturga> I have spoken with their operators, the update just hasnt been applied yet.
[14:42] ravenminer is one of the largest ones too. If they don't upgrade that will be a problem
[14:42] okay good news
[14:42] (PickAxePro sounds like a Ruby book)
[14:43] I strongly feel like getting the word out on ravencoin.org would be beneficial
[14:44] that site is sorely in need of active contribution
[14:44] Anyone can volunteer to contribute
[14:44] <@wolfsokta> Okay, cfox can you talk about the status of unique assets?
[14:44] sure
[14:45] <@wolfsokta> I'll add website to the end of our topics.
[14:45] code is in review and will be on the development branch shortly
[14:45] would it make sense to have a page on the wiki (or somewhere else) that lists the wallet versions run by pools & exchanges?
[14:45] will be in next release
[14:45] furthermore, many sites have friendly link to the standard installers for each platform, if the site linked to the primary installers for each platform to reduce github newb confusion that would be good as well
[14:46] likely to a testnetv5 although that isn't settled
[14:46] <@wolfsokta> Thanks cfox.
[14:46] <@wolfsokta> Are there any questions about unique assets, and how they work?
[14:47] after the # are there any charachters you cant use?
[14:47] will unique assets be constrained by the asset alphanumeric set?
[14:47] ^
[14:47] <@Chatturga> @Urgo there is a page that tracks and shows if they have updated, but it currently doesnt show the actual version that they are on.
[14:47] a-z A-Z 0-9
[14:47] <@Chatturga> https://raven.wiki/wiki/Exchange_notifications#Pools
[14:47] There are a few. Mostly ones that mess with command-line
[14:47] you'll be able to use rpc to do "issueunique MATRIX ['Neo','Tank','Tank Brother']" and it will create three assets for you (MATRIX#Neo, etc.)
[14:47] @cfox - No space
[14:48] @under the unique tags have an expanded set of characters allowed
[14:48] Chatturga: thank you
[14:48] @UJP yes there are some you can't use -- I'll try to post gimmie a sec..
[14:49] Ok. Thank you much!
[14:49] 36^36 assets possible and 62^62 uniques available per asset?
[14:49] <@spyder_> std::regex UNIQUE_TAG_CHARACTERS("^[[email protected]$%&*()[\\]{}<>_.;?\\\\:]+$");
[14:50] regex UNIQUE_TAG_CHARACTERS("^[[email protected]$%&*()[\\]{}<>_.;?\\\\:]+$")
[14:50] oh thanks Mark
[14:51] <@wolfsokta> Okay, next up. I want to thank everybody for helping test the iOS wallet release.
[14:51] <@wolfsokta> We are working with Apple to get the final approval to post it to the App Store
[14:51] @under max asset length is 30, including unique tag
[14:51] Does the RVN wallet have any other cryptos or just RVN?
[14:52] == BruceFenton [[email protected]/web/freenode/ip.67.189.233.170] has joined #ravencoin-dev
[14:52] will the android and ios source be migrated to the ravenproject github?
[14:52] I've been adding beta test users. I've added about 80 new users in the last few days.
[14:52] <@wolfsokta> Just RVN, and we want to focus on adding the asset support to the wallet.
[14:53] == Bruce_ [[email protected]/web/freenode/ip.67.189.233.170] has quit [Ping timeout: 252 seconds]
[14:53] <@wolfsokta> Yes, the code will also be freely available on GitHub for both iOS and Android. Thank you Roshii!
[14:53] Would you consider the iOS wallet to be a more secure place for one's holdings than say, a Mac connected to the internet?
[14:53] will there be a chance of a more user freindly wallet with better graphics like the iOS on PC?
[14:53] the android wallet is getting updated for DGW, correct?
[14:53] <@wolfsokta> That has come up in our discussion Pizza.
[14:54] QT framework is pretty well baked in and is cross platform. if we get some qt gurus possibly
[14:54] Phones are pretty good because the wallet we forked uses the TPM from modern phones.
[14:54] Most important is to write down and safely store your 12 word seed.
[14:54] TPM?
[14:54] <@wolfsokta> A user friendly wallet is one of our main goals.
[14:55] TPM == Trusted Platform Module
[14:55] Ahhh thanks
[14:55] just please no electron apps. they are full of security holes
[14:55] <@spyder_> It is whats makes your stuffs secure
[14:55] not fit for crypto
[14:55] under: depends on who makes it
[14:55] The interface screenshots I've seen look like Bread/Loaf wallet ... I assume that's what was forked from
[14:55] ;)
[14:56] <@wolfsokta> @roshii did you see the question about the Android wallet and DGW?
[14:56] Yes, it was a fork of breadwallet. We like their security.
[14:56] chromium 58 is the last bundled electron engine and has every vuln documented online by google. so unless you patch every vuln.... methinks not
[14:56] Agreed, great choice
[14:57] <@wolfsokta> @Under, what was your proposal?
[14:58] All asset creation Transactions have a mandatory OP_CHECKLOCKTIMEVERIFY of 1 year(or some agreed upon time interval), and the 500 RVN goes to a multisig devfund, run by a custodial group. We get: 1) an artificial temporary burn, 2) sustainable community and core development funding for the long term, after OSTK/Medici 3) and the reintroduction of RVN supply at a fixed schedule, enabling the removal of the 42k max cap of total As
[14:58] *im wrong on the 42k figure
[14:58] <@wolfsokta> Interesting...
[14:59] <@wolfsokta> Love to hear others thoughts.
[14:59] Update: I posted a message on the CryptoBridge discord and one of their support members @stepollo#6276 said he believes the coin team is already aware of the fork but he would forward the message about the fork over to them right now anyway
[14:59] Ifs 42 million assets
[14:59] yep.
[15:00] I have a different Idea. If the 500 RVN goes to a dev fund its more centralized. The 500 RVN should go back into the unmined coins so miners can stay for longer.
[15:01] *without a hardfork
[15:01] <@wolfsokta> lol
[15:01] that breaks halving schedule, since utxos cant return to an unmined state.
[15:01] @UJP back into coinbase is interesting. would have to think about how that effects distribution schedule, etc.
[15:01] only way to do that would be to dynamicaly grow max supply
[15:02] and i am concerned already about the max safe integer on various platforms at 21 billion
[15:02] js chokes on ravencoin already
[15:02] <@wolfsokta> Other thoughts on Under's proposal? JS isn't a real language. ;)
[15:02] Well Bitcoin has more than 21 bn Sats
[15:02] Is there somebody who wants to volunteer to fix js.
[15:02] hahaha
[15:03] I honestly would hate for the coins to go to a dev fund. It doesn't seem like Ravencoin to me.
[15:03] Yep, but we're 21 billion x 100,000,000 -- Fits fine in a 64-bit integer, but problematic for some languages.
[15:03] <@wolfsokta> Thanks UJP
[15:04] <@wolfsokta> We're past time but I would like to continue if you folks are up for it.
[15:04] Yeah no coins can go anywhere centrality contorted like a dev fund cause that would mean someone has to run it and the code can’t decide that so it’s destined to break
[15:05] currently and long term with out the financial backing of development then improvements and features will be difficult. we are certainly thankful for our current development model. but if a skunkworks project hits a particular baseline of profitability any reasonable company would terminate it
[15:05] Yes let’s contibue for sure
[15:05] the alternative to a dev fund in my mind would be timelocking those funds back to the issuers change address
[15:06] But we can’t have dev built in to the code — it has to be open source like Bitcoin and monero and Litecoin - it’s got drawbacks but way more advantages- it’s the best model
[15:06] Dev funding
[15:06] i highly reccommend not reducing the utility of raven by removing permanently the supply
[15:07] == BW_ [[email protected]/web/freenode/ip.138.68.243.202] has joined #ravencoin-dev
[15:07] timelocking those funds accompllishes the same sacrifice
[15:07] @under timelocking is interesting too
[15:07] How exactly does timelocking work?
[15:07] <@wolfsokta> ^
[15:07] I mean you could change the price of assets with the Block reward halfing.
[15:07] == Roshiix [[email protected]/web/freenode/ip.105.67.2.212] has joined #ravencoin-dev
[15:08] funds cant be spent from an address until a certain time passes
[15:08] but in a what magical fairy land do people continue to work for free forever. funding development is a real issue... as much as some might philosphically disagree. its a reality
[15:08] You’d still need a centralized party to decide how to distribute the funds
[15:08] even unofficially blockstream supports bitcoin devs
[15:08] on chain is more transparent imho
[15:09] == Tron_ [[email protected]/web/freenode/ip.173.241.144.77] has joined #ravencoin-dev
[15:09] @UJP yes there are unlimited strategies. one factor that I think is v important is giving application developers a way to easily budget for projects which leads to flat fees
[15:09] If the project is a success like many of believe it will be, I believe plenty of people will gladly done to a dev fund. I don't think the 500 should be burned.
[15:09] *donate
[15:09] centralized conservatorship, directed by community voting process
[15:10] == Tron [[email protected]/web/freenode/ip.173.241.144.77] has quit [Ping timeout: 252 seconds]
[15:10] <@wolfsokta> Thanks Under, that's an interesting idea that we should continue to discuss in the community. You also mentioned the existing website.
[15:10] It would need to be something where everyone with a QT has a vote
[15:10] think his computer went to sleep again :-/
[15:10] I agree UJP
[15:10] with the website
[15:10] No that’s ico jargon — any development fund tied to code would have to be centralized and would therefor fail
[15:11] ^
[15:11] ^
[15:11] ^
[15:11] dashes model for funding seems to be pretty decentralized
[15:11] community voting etc
[15:11] Once you have a dev fund tied to code then who gets to run it? Who mediates disputes?
[15:11] oh well another discussion
[15:11] Dash has a CEO
[15:12] <@wolfsokta> Yeah, let's keep discussing in the community spaces.
[15:12] Dash does have a good model. It's in my top ten.
[15:12] having the burn go to a dev fund is absolute garbage
[15:12] These dev chats should be more target than broad general discussions — changing the entire nature of the coin and it’s economics is best discussed in the RIPs or other means
[15:13] <@wolfsokta> Yup, let's move on.
[15:13] just becuase existing implementation are garbage doesnt mean that all possible future governance options are garbage
[15:13] <@wolfsokta> To discussing the website scenario mentioned by under.
[15:13] the website needs work. would be best if it could be migrated to github as well.
[15:13] What about this: Anyone can issue a vote once the voting feature has been added, for a cost. The vote would be what the coins could be used for.
[15:14] features for the site that need work are more user friendly links to binaries
[15:14] <@wolfsokta> We investigated how bitcoin has their website in Github to make it easy for contributors to jump in.
[15:14] that means active maintenance of the site instead of its current static nature
[15:15] <@wolfsokta> I really like how it's static html, which makes it super simple to host/make changes.
[15:15] the static nature isn’t due to interface it’s due to no contributors
[15:15] no contribution mechanism has been offered
[15:15] github hosted would allow that
[15:16] We used to run the Bitcoin website from the foundation & the GitHub integration seemed to cause some issues
[15:16] its doesnt necessarily have to be hosted by github but the page source should be on github and contributions could easily be managed and tracked
[15:17] for example when a new release is dropped, the ability for the downlaods section to have platform specific easy links to the general installers is far better for general adoption than pointing users to github releases
[15:18] <@wolfsokta> How do people currently contribute to the existing website?
[15:18] they dont?
[15:18] We did that and it was a complete pain to host and keep working — if someone wants to volunteer to do that work hey can surely make the website better and continually updated — but they could do that in Wordpress also
[15:19] I’d say keep an eye out for volunteers and maybe we can get a group together who can improve the site
[15:19] == digitalvap0r-xmr [[email protected]/web/cgi-irc/kiwiirc.com/ip.67.255.25.134] has joined #ravencoin-dev
[15:19] And they can decide best method
[15:20] I host the source for the explorer on github and anyone can spin it up instantly on a basic aws node. changes can be made to interface etc, and allow for multilingual translations which have been offered by some community members
[15:20] there are models that work. just saying it should be looked at
[15:20] i gotta run thank you all for your contributions
[15:20] <@wolfsokta> I feel we should explore the source for the website being hosted in GitHub and discuss in our next dev meeting.
[15:21] <@Chatturga> Thanks Under!
[15:21] == under [[email protected]/web/freenode/ip.72.200.168.56] has quit [Quit: Page closed]
[15:21] <@wolfsokta> Thanks, we also need to drop soon.
[15:21] There is no official site so why care. Someone will do better than the next if RVN is worth it anyway. That's already the case.
[15:21] <@wolfsokta> Let's do 10 mins of open Q&A
[15:22] <@wolfsokta> Go...
[15:23] <@Chatturga> Beuller?
[15:24] No questions ... just a comment that the devs and community are great and I'm happy to be a part of it
[15:24] I think everyone moved to discord. I'll throw this out there. How confident is the dev team that things will be ready for oct 31st?
[15:24] <@wolfsokta> Alright! Thanks everybody for joining us today. Let's plan to get back together as a dev group in a couple of weeks.
[15:25] thanks block!
[15:25] <@wolfsokta> Urgo, very confident
[15:25] Please exclude trolls from discord who havent read the whitepaper
[15:25] great :)
[15:25] "things" will be ready..
[15:25] Next time on discord right?
[15:25] woah why discord?
[15:25] some of the suggestions here are horrid
[15:25] this is better less point
[15:25] == blondfrogs [[email protected]/web/freenode/ip.185.245.87.219] has quit [Quit: Page closed]
[15:25] Assets are working well on testnet. Plan is to get as much as we can safely test by Sept 30 -- this includes dev contributions. Oct will be heavy testing and making sure it is safe.
[15:26] people
[15:26] <@wolfsokta> Planning on same time, same IRC channel.
[15:26] == BW_ [[email protected]/web/freenode/ip.138.68.243.202] has quit [Quit: Page closed]
[15:26] @xmr any in particular?
[15:27] (or is "here" discord?)
[15:27] Cheers - Tron
[15:27] "Cheers - Tron" - Tron
submitted by Chatturga to Ravencoin [link] [comments]

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