Note: you can read this on GitHub (link), Medium (link) or old Reddit (link). submitted by
Final version 1.3.0 of the core software was released bringing all the enhancements reported last month
to the rest of the community. The groundwork for SPV (simplified payment verification) is complete, another reduction of fees is being deployed, and performance stepped up once again with a 50% reduction in startup time, 20% increased sync speed and more than 3x faster peer delivery of block headers (a key update for SPV). Decrediton's integrations of SPV and Politeia are open for testing by experienced users. Read the full release notes and get the downloads on GitHub
. As always, don't forget to verify signatures. dcrd
: completed several steps towards multipeer downloads
introduction to the software in the main README
, continued porting cleanups and refactoring from upstream btcd
Currently in review are initial release
of smart fee estimator
and a change to UTXO set semantics
. The latter is a large and important change that provides simpler handling, and resolves various issues with the previous approach. A lot of testing and careful review is needed so help is welcome.
Educational series for new Decred developers by @matheusd added two episodes: 02 Simnet Setup
shows how to automate simnet management with tmux and 03 Miner Reward Invalidation
explains block validity rules.
Finally, a pull request template
with a list of checks was added to help guide the contributors to dcrd. dcrwallet
: bugfixes and RPC improvements to support desktop and mobile wallets.
Developers are welcome to comment on this idea
to derive stakepool keys from the HD wallet seed. This would eliminate the need to backup and restore redeem scripts, thus greatly improving wallet UX. (missed in July issue
: bugfixes, refactoring to make the sync process more robust, new loading animations
, design polishing. Politeia
: multiple improvements
to the CLI client (security conscious users with more funds at risk might prefer CLI) and security hardening. A feature
to deprecate or timeout proposals was identified as necessary for initial release and the work started. A privacy enhancement
to not leak metadata of ticket holders was merged
: update from @collins: "Second test release for dcrandroid is out. Major bugs have been fixed since last test. Latest code from SPV sync has been integrated. Once again, bug reports are welcome and issues can be opened on GitHub
". Ask in #dev room for the APK to join testing.
A new security page was added that allows one to validate addresses and to sign/verify messages, similar to Decrediton's Security Center. Work on translations is beginning.
Overall the app is quite stable and accepting more testers. Next milestone is getting the test app on the app store. iOS
: the app started accepting testers last week. @macsleven: "the test version of Decred Wallet for iOS is available, we have a link for installing the app but the builds currently require your UDID. Contact either @macsleven or @raedah with your UDID if you would like to help test.".
Nearest goal is to make the app crash free.
Both mobile apps received new design themes. dcrdata
: v3.0 was released for mainnet! Highlights: charts
, "merged debits" view, agendas
page, Insight API support, side chain tracking, Go 1.11 support with module builds, numerous backend improvements. Full release notes here
. This release featured 9 contributors
and development lead @chappjc noted
: "This collaboration with @raedahgroup on our own block explorer and web API for @decredproject has been super productive.".
Up next is supporting dynamic page widths site wide and deploying new visual blocks home page
Trezor: proof of concept implementation for Trezor Model T firmware is in the works
(previous work was for Model One). Ticket splitting
: updated to use Go modules and added simnet support, several fixes. docs
: beginner's guide overhaul
, multiple fixes and cleanups. decred.org
: added 3rd party wallets, removed inactive PoW pools and removed web wallet.
@Richard-Red is building a curated list
of Decred-related GitHub repositories.
Welcome to new people contributing for the first time: @klebe, @s_ben, @victorguedes, and PrimeDominus!
Dev activity stats for September: 219 active PRs, 197 commits, 28.7k added and 18.8k deleted lines spread across 6 repositories. Contributions came from 4-10 developers per repository. (chart
Hashrate: started and ended the month around 75 PH/s, hitting a low of 60.5 and a new high of 110 PH/s. BeePool is again the leader with their share varying between 23-54%, followed by F2Pool 13-30%, Coinmine 4-6% and Luxor 3-5%. As in previous months, there were multiple spikes of unidentified hashrate.
Staking: 30-day average ticket price is 98 DCR (+2.4). The price varied between 95.7 and 101.9 DCR. Locked DCR amount was 3.86-3.96 million DCR, or 45.7-46.5% of the supply.
Nodes: there are 201 public listening nodes and 325 normal nodes per dcred.eu
. Version distribution: 5% are v1.4.0(pre) dev builds (+3%), 30% on v1.3.0 (+25%), 42% on v1.2.0 (-20%), 15% on v1.1.2 (-7%), 6% on v1.1.0. More than 76% of nodes run v1.2.0 and higher and therefore support client filters. Data as of Oct 1.
Obelisk posted two updates on their mailing list
. 70% of Batch 1 units are shipped, an extensive user guide
is available, Obelisk Scanner application was released that allows one to automatically update firmware
. First firmware update was released and bumped SC1 hashrate by 10-20%, added new pools and fixed multiple bugs. Next update will focus on DCR1. It is worth a special mention that the firmware source code is now open
! Let us hope more manufacturers will follow this example.
A few details about Whatsminer surfaced
this month. The manufacturer is MicroBT, also known as Bitwei and commonly misspelled as Bitewei. Pangolinminer
is a reseller, and the model name is Whatsminer D1
Bitmain has finally entered
Decred ASIC space with their Antminer DR3
. Hash rate is 7.8 TH/s while pulling 1410 W, at the price of $673. These specs mean it has the best GH/W and GH/USD of currently sold miners until the Whatsminer or others come out, although its GH/USD of 11.6 already competes with Whatsminer's 10.5. Discussed on Reddit
, unboxing video here
Meet our 17th voting service provider: decredvoting.com
. It is operated by @david
, has 2% fee and supports ticket splitting
. Reddit thread is here
For a historical note, the first VSP to support ticket splitting was decredbrasil.com
@matheusd started tests on testnet several months ago. I contacted him so we could integrate with the pool in June this year. We set up the machine in July and bought the first split ticket on mainnet, using the decredbrasil pool, on July 19. It was voted on July 30. After this first vote on mainnet, we opened the tests to selected users (with more technical background) on the pool. In August we opened the tests to everyone, and would call people who want to join to the #ticket_splitting channel, or to our own Slack (in Portuguese, so mostly Brazilian users). We have 28 split tickets already voted, and 16 are live. So little more than 40 split tickets total were bought on decredbrasil pool. (@girino in #pos-voting) KuCoin
DCBTC and DCETH pairs. To celebrate their anniversary they had a 99% trading fees discount
on DCR pairs for 2 weeks.
Three more wallets integrated Decred in September:
- Atomic desktop wallet added Decred in version 0.1.31. The team answered many questions on Reddit.
- AnyBit wallet added Decred. It features built-in price and news tracking. Notably, the source code is open for their Android and iOS wallets.
- Cobo added Decred support into their Android and iOS wallets.
Decred addition to their Android app that allows accountless swaps between 150+ assets.
informational asset pages
for top 50 coins by market cap, including Decred. First the pages started showing
in the Coinbase app for a small group of testers, and later the web price dashboard
The birth of a Brazilian girl was registered on the Decred blockchain using OriginalMy, a blockchain proof of authenticity services provider. Read the full story in Portuguese
and in English
Advertising report for September is ready
. Next month the graphics for all the ads will be changing.
Marketing might seem quiet right now, but a ton is actually going on behind the scenes to put the right foundation in place for the future. Discovery data are being analyzed to generate a positioning strategy, as well as a messaging hierarchy that can guide how to talk about Decred. This will all be agreed upon via consensus of the community in the work channels, and materials will be distributed.
Next, work is being done to identify the right PR partner to help with media relations, media training, and coordination at events. While all of this is coming up to speed, we believe the website needs a refresher reflecting the soon to be agreed upon messaging, plus a more intuitive architecture to make it easier to navigate. (@Dustorf)
- Raedah Group went on the streets of Portland, USA with a pretty blue tent. (photos)
- Manual Blockchain in Sao Palo, Brazil.
- CryptoFacil Summit in Rio de Janeiro, Brazil. (photos)
- Meetup at Binzantin Cafe in Taipei, Taiwan. @morphymore: "There were 20-ish attendees, and about half of them have joined the Chinese FB group. Most of them don't hear about Decred before, but have expressed the interest in learning more about it after the event. Overall, it's a good exposure for Decred in the Taiwan community.". A report with photos was posted on Facebook, more photos are here and here.
- @joshuam made a Decred Jacket appearance at Singapore Grand Prix. (photos)
- NewTech PDX meetup in Portland, USA. Raedah Group presented Decred and reported "lots of new converts". (photos)
- North Shore Bitcoin & Blockchain in Glenview, USA. @dustorf gave a five minute overview of Decred and noted: "There were only about 25 people, but about 1/3 of them were aware of Decred prior. (...) Our simple presence and explanation of the project moved opinion from 'another shitcoin they sold after mining' to 'an interesting and viable project worthy of further investigation'.". (photos: 1 2)
- Ethfinex Governance Summit in Lugano, Switzerland. @Haon attended the event and posted a report on decred, in addition this and this Twitter threads. (video)
- Bitcoin Meetup CDMX in Mexico City on Oct 6. @elian will be talking about Decred at the oldest Bitcoin meetup in Mexico.
- SF Blockchain Week in San Francisco, USA on Oct 9. @lukebp will discuss DPoS vs PoS on a panel 9:30a-10:15a at the Titans of Tech Stage, Hilton Union Square.
- Decred Meetup in Casablanca, Morocco on Oct 27. @butterfly will host the event and talk about Decred in French.
- Texas Bitcoin Conference Austin, USA on Oct 27-28. @BAB: "The great thing about this is that it will also be a Decred Summit. We will have half of the conference dedicated to Decred topics, updates, etc."
- Websummit in Lisbon, Portugal on Nov 5-8. @moo31337 will be on a panel discussing "2018: A Rollercoaster Year for Cryptocurrencies"
We'll begin shortly reviewing conferences and events planned for the first half of 2019. Highlights are sure to include The North American Bitcoin Conference in Miami (Jan 16-18) and Consensus in NYC (May 14-16). If you have suggestions of events or conferences Decred should attend, please share them in #event_planning. In 2019, we would like to expand our presence in Europe, Asia, and South America, and we're looking for community members to help identify and staff those events. (@Dustorf)
August issue of Decred Journal was translated to Russian
. Many thanks to @DZ!
Rency cryptocurrency ratings published a report
on Decred and incorporated a lot of feedback from the community on Reddit
September issue of Chinese CCID ratings was published
), Decred is still at the bottom.
- The underbelly of blockchain Governance - fiat licensing and our code with Marco Peerboom and Chris DeRose (youtube, tweet, decred, missed in August issue)
Insightful dialogue about men's underwear, licenses, subtleties of GPL, BSD wars, tiling window managers and much more.
- Introduction to Decred (Korean, youtube)
@Killawhale collected a lot of feedback from the community and produced this video to spread the word in Korea.
- Perspectives on Governance from Nathan Wilcox, Jonathan Zeppettini, Vitalik Buterin (z.cash)
- Decred - an example of governance (Portuguese, youtube)
- Decred, the crypto that wants to compete with Bitcoin (French, youtube)
- Exodus.io Live with Marco from Decred! (youtube)
Marco joins Exodus.io to discuss what makes DCR an asset that will stand the test of time.
- Building Decred With Systems Development Lead Marco Peereboom - Governance, Politeia, Lightning (youtube)
Topics: early days, Politeia, the structure of Decred, dcrtime, Lightning Network, attracting users and developers, future plans (DEX, Schnorr signatures, privacy, DAEs).
- Decentralized autonomous funding of blockchain projects by @Richard-Red (medium, discussion on decred and dashpay)
- How to obtain Decred? by @mm (stakey.club, also in Portuguese)
- Digital certificates for RPC connections by @mm (stakey.club, also in Portuguese)
- An overview of the Politeia system architecture by @fernandoabolafio (medium)
- One of Investors' Favorite Governance Blockchains Is Handing Over $20 Million by Brady Dale (coindesk.com, discussion on decred)
- What is Decred? (qoinbook.com)
- Decred Cryptocurrency Gives Analysis of Dash (dashforcenews.com, ed: Good job, Decred Cryptocurrency!)
- Decred Price Analysis: Alterations to blockchain governance (bravenewcoin.com, snapshot for non-js readers)
- Decred: A Different Kind of Hybrid (cryptodetail.com)
- Decred Gets Listed on KuCoin as Asset Nears 4-Month Lows (cryptovest.com)
- From PoS to dBFT: A Brief Review of Consensus Protocols (cointelegraph.com, tweet, ed: Decred is mistakenly categorized as pure PoS)
- What is Decred? (Spanish, hardwareate.com)
- Decred Technical Analysis: Breakout Possible, but Which Way Will it Go? (cryptovest.com)
- What is Decred and is it a Credible Blockchain Project? (blockchainreporter.net)
- Governing Decentralization: How On-Chain Voting Protocols Operate and Vary (cointelegraph.com, Spanish version here)
- Decred: A virtual currency with a hybrid approval system combining PoW and PoS (Japanese, cryptocurrency.theater, ed: excellent domain name)
- What is Blockchain Governance? Complete Beginner's Guide (blockonomi.com, discussion on decred)
- Antminer DR3 - Bitmain's Next Target Is Decred (cryptodisrupt.com)
- Q4 2018 Bitcoin Mining Projections (theminersunion.com, snapshot for non-js readers)
- What is Decred? (cryptofinance24.com)
- Twitter followers 39,784 (+192)
- Reddit subscribers 8,784 (+153)
- Matrix users 187 (+24)
- Slack users 6,149 (+82)
- YouTube subscribers 3,718 (+51)
- Facebook 3,060 (+12) followers and 2,826 (+12) likes
- GitHub 419 (+2) stars and 1,073 (+52) forks of dcrd repository
Comm systems news: Several work channels were migrated to Matrix, #writers_room is finally bridged.
- Blockchains are not companies by Dean Eigenmann discussed in #governance
- How the DEX could benefit Decred:
The trouble with infrastructure, "thin" protocols in particular, is that someone has to build them at a cost. e.g. LN takes a ton of work, doesn't necessarily generate value itself, but it magnifies the value of BTC or whatever coin that uses it. I see the DEX in a similar light - whoever creates it is not going to make a bunch of money from it, but it will magnify the value of the underlying asset(s) that end up having a deep order book on the DEX. (@jy-p in #dex)
decentralized governance and funding are necessary for network survival and the power of controlling the narrative; learning
about governance more broadly by watching its evolution in cryptocurrency space, importance of community consensus and communications infrastructure.
Reddit: yet another strong pitch
by @solar; question
about buyer protections; dcrtime
internals; a proposal
to sponsor hoodies in the University of Cape Town; Lightning Network support
to operate a stakepool; voting details
: 2 of 3 votes can approve a block, what votes really approve are regular tx, etc; scriptless script atomic swaps
using Schnorr adaptor signatures; dev dashboard
, choosing work, people do best when working on what interests them most; opportunities
for governments and enterprise for anchoring legal data to blockchain; terminology
: DAO vs DAE; human-friendly payments
, sharing xpub vs payment protocols; funding
btcsuite development; Politeia vote types
: approval vote, sentiment vote and a defund vote, also linking proposals and financial statements; algo trading
and programming languages (yes, on #trading!); alternative implementation
, C/C++/Go/Rust; HFTs
, algo trading, fake volume and slippage; offline wallets
, usb/write-only media/optical scanners vs auditing traffic between dcrd and dcrwallet; Proof of Activity
did not inspire Decred but spurred Decred to get moving, Wikipedia page hurdles; how
stakeholders could veto blocks; how many
votes are needed to approve a proposal; why
Decrediton uses Electron; CVE-2018-17144
and over-dependence on single Bitcoin implementation, btcsuite, fuzz testing; tracking proposal progress
after voting and funding; why
the wallet does not store the seed at all; power connectors, electricity, wiring and fire safety
; reasonable spendings
from project fund; ways
to measure sync progress better than block height; using Politeia
without email address; concurrency in Go
, locks vs channels. #support
is not often mentioned, but it must be noted that every day
on this channel people get high quality support. (@bee: To my surprise, even those poor souls running Windows 10. My greatest respect to the support team!)
In September DCR was trading in the range of USD 34-45 / BTC 0.0054-0.0063. On Sep 6, DCR revisited the bottom of USD 34 / BTC 0.0054 when BTC quickly dropped from USD 7,300 to 6,400. On Sep 14, a small price rise coincided with both the start of KuCoin trading and hashrate spike to 104 PH/s. Looking at coinmarketcap
charts, the trading volume is a bit lower than in July and August.
As of Oct 4, Decred is #18 by the number of daily transactions with 3,200 tx, and #9 by the USD value of daily issuance with $230k. (source: onchainfx
: while we sit at 2018 price lows the amount locked in tickets is testing 2018 high.
ASIC for Lyra2REv2 was spotted
on the web. Vertcoin team is preparing a new PoW algorithm. This would be the 3rd fork after two previous forks
to change the algorithm in 2014 and 2015.
A report titled The Positive Externalities of Bitcoin Mining
discusses the benefits of PoW mining that are often overlooked by the critics of its energy use. A Brief Study of Cryptonetwork Forks
by Alex Evans of Placeholder studies the behavior of users, developers and miners after the fork, and makes the cases that it is hard for child chains to attract users and developers from their parent chains.
New research on private atomic swaps: the paper "Anonymous Atomic Swaps Using Homomorphic Hashing" attempts to break the public link between two transactions. (bitcointalk
On Sep 18 Poloniex announced
delisting of 8 more assets. That day they took a 12-80% dive showing their dependence on this one exchange.
USDC markets on Poloniex: "USDC is a fully collateralized US dollar stablecoin using the ERC-20 standard that provides detailed financial and operational transparency, operates within the regulated framework of US money transmission laws, and is reinforced by established banking partners and auditors.".
new asset listing process and is accepting submissions on their listing portal
The New York State Office of the Attorney General posted a study
of 13 exchanges that contains many insights.
A critical vulnerability
was discovered and fixed
in Bitcoin Core. Few days later a full disclosure
was posted revealing the severity of the bug. In a bitcointalk thread
btcd was called 'amateur' despite not being vulnerable, and some Core developers voiced their concerns about multiple implementations. The Bitcoin Unlimited developer who found the bug shared his perspective in a blog post
. Decred's vision so far is that more full node implementations is a strength, just like for any Internet protocol.
About This Issue
This is the 6th issue of Decred Journal. It is mirrored on GitHub
. Past issues are available here
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Feedback is appreciated: please comment on Reddit
or #writers_room on Matrix
Contributions are also welcome: some areas are adding content, pre-release review or translations to other languages.
Credits (Slack names, alphabetical order): bee, Dustorf, jz, Haon, oregonisaac, raedah and Richard-Red.
About Counterparty Foundation submitted by
The Counterparty Foundation is a non-profit organization dedicated to advancing the Counterparty protocol and its products, educating the community on the Counterparty technology, driving global Counterparty awareness, and ensuring Counterparty remains a successful and growing financial platform.
The Foundation is governed by five directors, one Founding Director
, Robby Dermody, and four Community Directors
. About the Counterparty Foundation 2016 Election
On April 19th last year, the Counterparty community elected three Counterparty Foundation community directors9 to help shape the direction of the Counterparty project and grow the community around it. Candidates with most votes from the community were Devon Weller, Robert Ross and Chris Derose.
With the term of one year coming to an end, the Foundation is running new elections with nine candidates competing for the four director seats.
Users who want to give their votes to one or more candidates may do so by broadcasting a message with the following parameters:
text = XCPELECTION2016 + Candidate Number value = votes
Candidate numbers used as the broadcast parameter:
1 - Krassimir Stoynov 2 - Jeremy Johnson aka "J-Dog" 3 - Trevor Altpeter 4 - Matt Young 5 - JP Janssen 6 - Adam B. Levine 7 - Haixiong Ouyang 8 - Dan Anderson 9 - Koji Higashi
More about the election and voting - https://counterpartytalk.org/t/ann-starting-the-foundation-election-2016-voting-period/2006
Voting will be held till block #409774
with the up-to-date scoreboard being published on blockscan - http://blockscan.com/vote/XCPELECTION2016
. About the Candidates Krassimir Stoynov
- IT specialist with ten years work experience in major international banks – Société Générale, Citibank and Emporiki Bank. Krassimir started to work with Bitcoin at the beginning of 2014. If elected for the community director position, he will focus his efforts on introducing new users to Counterparty, participating in discussions in the Counterparty Slack channel and presenting the Counterparty marketplace to companies which are interested in implementing the platform in the real business Jeremy Johnson
- In late 2014 Jeremy decided to start up a company with the mission of making the Counterparty platform easier to understand and use for new users. CoinDaddy.io launched in March 2015 and offers the following services : * Asset Registration Service2 (no XCP needed) * Asset Enhancement Service * Broadcast Enhancement Service * Asset TransfeEscrow Service * Asset Vending Machine Service
In addition to the above paid services, he has been a big supporter of Counterparty and run a number of Counterparty related services which are hosted at no cost to the community including: * Public blockchain viewer and APIs (counterpartychain.io) * Public counterwallet server (counterwallet.coindaddy.io) * Public development servers (counterparty/counterblock) * Public whois service (whois.coindaddy.io1) Trevor Altpeter
- a long time XCP investor and one of the largest Counterparty asset creators. If elected as Community Director Trevor promises to: * Create a written bi-weekly update of XCP related news * Be professional while representing the Counterparty community * Actively work to bring positive exposure to Counterparty Matt Young
- volunteered full-time for Counterparty when the project was in its infancy and has been around ever since. If elected, Matt promises to provide information to new and existing users that inquire about the project in all of the major communication channels. He is a mod on Reddit, an admin on the Facebook page and active in the Skype and Slack chats as well as on BitcoinTalk. JP Janssen
- active in the community since the very beginning, and this February his project CounterTools1 won the 1st prize in the Devparty contest. JP is determined to stay active in the community and volunteer on offering support in the forums/Slack. He'd also like to contribute with documentation and code that can assist 3rd parties to build projects on Counterparty. Adam B. Levine
- founder of Let's Talk Bitcoin and CEO of Tokenly.. Adam’s priorities regarding Counterparty are that it is: * Managed with a long term point of view * Stable, Tested and Safe * Grows to take advantage of emerging opportunities as they become apparent * represented by professional, respectful individuals Haixiong Ouyang
- an ios development engineer with seven years work experience in the field of mobile development. In 2014, he developed CounterpartyApp. If elected, he will focus his efforts in: * Introducing new users to Counterparty In China. * Bring the latest news about Counterparty to the Chinese community. * building up the chinese community, speaking about counterparty at events. Dan Anderson
- Bitcoiner / Podcaster / XCPDex.com Koji Higashi
- Co-founder of IndieSquare, a provider of mobile token wallet for both iOS and Android. (wallet.indiesquare.me) He is also involved in Spells of Genesis, a mobile game that integrates Counterparty to represent game items on the blockchain. If elected, Koji will: * Advocate for non-financial use cases of Counterparty * Represent the Asian community and encourage more diversity and global reach The AMA will start at 1PM ET. Ask us anything!
rubensayshi [10:39 PM] there's a bunch of big projects using counterparty tokens for serious business, in production
afaik that's more than ethereum has, and for good reason, ethereum hadn't even reached their production ready release yet and are still working on a switch of their consensus algorithm cuz PoW isn't safe enough for them with the current hash rate
excluding the DAO insanity xD
the EVM on counterparty will actually work with the existing CP assets, so it's far from seperate. this is actually and advantage because for ethereum contracts to work with a different token then eth it needs to be coded into the contract or if multiple contracts want to be interoperable they need to agree on a standardized contract for the tokens (afaik).
CP already has a standard in place on how everyone should/could be dealing with tokens because we already have the base layer of assets
also if you read around the Symbiont chats enough you should have picked up that they no longer want to be tied to counterparty and visa versa and instead only want to be seen as individuals who work on an open source project.
first last [10:59 PM] Does counterparty has any actual competent project leaders that commit 100% of their productive time to research and development of counterparty itself (not the projects that use counterparty created tokens)? If not and the project operates on some bounty programs, than I consider this project close to dead.
Harri [11:31 PM] first last, Etherem is sand box for Bitcoin
first last [11:41 PM] The counterparty token does not reflect the potential value something that counterparty supposdly should offer to the market. There are only two reasons to explain this: 1. The market is stupid, doesn't understand why counterparty backed by the security of bitcoin blockchain should have value. 2. The market isn't stupid and it sees what is going on, lack of commitment, founders moved to other projects. Which one is true. This is what I'm trying to understand here.
rubensayshi [11:43 PM] both?
Robby Dermody [11:47 PM] regarding commitment, we (I, the board, and several other devs) are in the process of revitalizing the project. I won’t try to convince you on what that means — I think the results will speak for themselves a few months down the road. your #1 is largely the case I think because we’ve done a poor job raising awareness of the project (which works well, today, unlike many other projects). that is under change as well (just last week we put together our outreach team and had our first meeting a few days ago). so I won’t make a bunch of empty promises, but things are definitely headed in the right direction
rubensayshi [11:48 PM] tbh the current protocol has enough features and is stable. if you need tokens on a secure chain then the current version of CP without any development is probably sufficient for a project to use it and never need much change to it?
EVM enables advanced features to be added loosely for people who want it to enhance their current tokens. other people who just want smart contracts but on the bitcoin blockchain.
Harri [11:48 PM] sounds like both are/have been situation, but mean that if it can solve then counterparty is good investment/not even near dead?
rubensayshi [11:49 PM] I agree with Robby that I think counterparty has drifted to the back of peoples mind too much and they now look to do simple token things on ethereum I hate people calling counterparty a good investment, it's a good protocol / product to use if you need tokens.
I don't care about it being an investment or not. and you're guaranteed that it will be there as long as bitcoin and remains secure even if usage would decline instead of grow, if you use counterparty for having a secure decentralized token protocol you won't really care because it's stable and will keep all its properties as long as bitcoin doesn't die.
Harri [11:53 PM] for me it is investment because it is only reason why i have come for cryptos and for counterparty, so used that word. I havent any skills to code etc. Maybe someday hope to start some project around Counterparty or make last one ready if that is someday possible with Counterparty, but its not atm thing for me. but yes it is good protocol / product :slightly_smiling_face: and now things have go much more forward than what was situation few months ago and that is great.
rubensayshi [11:57 PM] also the EVM enables us to loosely add more features through smart contracts, things as complex as the DEX could probably be added as a (big) smart contract. and because the underlying token layer provides a standard for everyone it's easy to have interoperability.
though as we've already seen with the first big smart contract last week, the DAO, it can contain bugs and then it's immutable lol
Robby Dermody [12:01 AM] also on the dev front, I’m in the process of updating and streamlining the toolset — for instance yesterday I took counterblock to python3, in the next few days I’m revamping the build system to be much easier to use and more useful, then I’m going to be revamping the documentation organization and working with others to make better getting started resources for both users and devs.
Counterwallet is in the process of getting much needed updates and improvements — we’ve recently ordered the tasks to work on, and are starting to knock those down P2SH support and some other updates will be hitting develop here in the next few days, and ( @rubensayshi can correct me if I’m off) should hopefully be able to go live on mainnet in 4-6 weeks time
the outreach group will be working to help get this news out there, and raise awareness of CP through our connections with several journalists. it’s run by myself, Trevor, David Allen (who has done this same thing for Gems, LTB, etc) and Matt Young. most of the team has solid marketing and PR-type experience (and we’re open to 1 or 2 more additional members) we’ll be releasing an update shortly with all of this information
first last [12:31 AM] Thanks for answering, Some questions about the potential of counterparty. I see 3 major potential use cases for counterparty. Prediction markets, DEX, IOT. All of them demand some kind of lighting implantation in order to offer high speeds and maintain some decentralization. Will/can Lighting network be used by counterparty? Also what are your thoughts about rejection of counterparty by some of the bitcoin core devs, calling the transaction as spam? Will counterparty have to move to a sidechain? If so, it will probably be less secure. Are there any plans to get the core devs of bitcoin on board with counterparty, as they probably see the potential of ethereum. If ethereum surpasses the market cap of bitcoin than bitcoin will become irrelevant even as a store of value. At least with counterparty bitcoin has a use case, with ethereum bitcoin has no value.
Robby Dermody [12:36 AM] Regarding lightning, @rubensayshi can provide more info here, but AFAIK some CP support should be possible (if @rubensayshi doesn't, I will be looking into it/doing that implementation after this tools work)... Here is some work storj did recently around CP and micropayment channels: https://github.com/f483/picopayments
the upcoming p2sh support makes that possible
GitHub F483/picopayments picopayments - Counterparty micropayment channels
F483 [12:36 AM] still doing not done yet
the main probem with counterparty is it doesnt support multiple inputs/outputs in a single tx so two way channels as wcith lighting are not possible, however two unidirectional channles are possible
Robby Dermody [12:38 AM] The rejection from core devs is old news. That was the case in early 2014, (and is still the case with a few, probably). Everyone will have the opinions on embedded consensus, bit CP I think has shown a lot of value to Bitcoin, and we intend to show more. Also, there is really no risk on any kind of censorship of Bitcoin tx... That ship has sailed
(Last I heard, Chris DeRose was even working on lukejr coming around :smile:)
F483 [12:40 AM] @robbyd: I would gladly work with you guys on getting picopayemnts more tightly integrated into counterparty
Robby Dermody [12:40 AM] @f483: we can address that limitation, especially if it impedes lightning network dev
a first step would be removing that limitation
currenly I am implementing this protocol design https://github.com/F483/picopayments#protocol
GitHub F483/picopayments picopayments - Counterparty micropayment channels
Robby Dermody [12:42 AM] @counterpartybitcoin: cp will not have to move to a side chain... That's a big value to it... It runs on Bitcoin mainnet. That won't/shouldn't change in the future, although that's not to say that it couldn't run on a side chain as well possibly, in the future
F483 [12:44 AM] with multiple inpuits and outputs lighting network should be able to be implemented with a design similar to https://github.com/Storj/storjspec/blob/mastestorjlib/micropayments.md#bidirectional-trustless-micropayent-channels
GitHub Storj/storjspec storjspec - Storj protorcol specification and compatibility tests.
im not sure if the whitepaper of lightning network is now updated to use the new opcodes
Robby Dermody [12:48 AM] @f483: would you possibly be open to working on a PR to add multi input/output support to cp-lib? I'd or @rubensayshi would be happy to go over the relevant internals with you, if so
F483 [12:48 AM] im not sure if I have the time for that I currently work full time with storj
rubensayshi [12:48 AM] I've taken a few hours in the past to see how doable it wouldbe though on protocol level it shouldn't be hard the codebase is very biased towards single input / single output
F483 [12:49 AM] helping with micropayments would work as our intrests overlap, but im not sure if going further would be viable for us. i mostly code in the trenches and such decisions are made highr up ...
Robby Dermody [12:50 AM] @rubensayshi: agreed about the single input/output bias...
rubensayshi [12:51 AM] though it's probably the 1 feature that would be at the top of my list cause it enables atomic swaps with a specific person, atm only the DEX enables atomic swaps
F483 [12:51 AM] has the p2sh PR found its way into the main repo yet, or whats the eta on it? yeah I would say its high prio, atomic swapts are pretty nice
rubensayshi [12:52 AM] I rebased it yday
F483 [12:53 AM] nice
rubensayshi [12:53 AM] we gotta make a plan on how to release it testnet first and then mainnet etc
Robby Dermody [12:55 AM] I was planning on merging it into develop this week (everyone feel free to run through the diff again)....the mainnet block is way off in the PR... We can run it on testnet, then at some point (a few weeks, once we get some more validation??), set the mainnet release block and do a new release of the software? (edited)
F483 [12:59 AM] I can checkout your PR later and run my tests with it, see if its still ok
Robby Dermody [12:59 AM] Optimally, I'd like to get the p2sh support in counterwallet ASAP, and reach out to the community to mess around with p2sh multisig via cw... We'd get the best testing, realistically (in addition to the devs mucking with it)
F483 [12:59 AM] ^ this
rubensayshi [1:00 AM] tbh we maybe should reach out to some people who are in production and discuss their testing strategy, because it looks to me like many people either aren't testing or testing on mainnet judging by the activity on testnet.
I think the EVM safeguard discussion is also boiling down to this
F483 [1:01 AM] yeah sometimes I feel only my transactions are on testnet ...
Harri [1:32 AM] sounds pretty good Robby and Ruben, nice work
F483 [1:55 AM] @robbyd: @rubensayshi if we want micropayments to be included in the api I can change the picopayments api to be better suit for that and submit it as a PR instead of being a stand alone project. from there we could evlove it into a more lightning network like protocol once cp supports the needed features
rubensayshi [1:57 AM] atm my focus is mostly on the EVM, but I do think that it would be really nice of we could have an easy way for people to do payment channels with CP and if we have it build into cp-lib then we could also consider it the defacto standard and add support for it to counterwallet
F483 [1:58 AM] I think that would also be in our intrest, as more users = more bugs found/squashed etc
and it is general purpose and in now way limited to storj I think keeping it in picopayments is good for now until I have implemented. Then when it works move it over in a way that makes sense I think I need some basic additional calls that are not exposed (get utxos for address, get rawtx for txit) but I may be able to work around that, not sure yet. (edited)
Robby Dermody [2:30 AM] @f483: that sounds good to me. I would like for your work to see wider use in counterparty-lib if it’s possible… CP really needs this functionality and it makes sense to pull from something already working, especially since that is written in python as well (given the normal caveats about the code styles matching (aiming towards pep8), unit tests, etc …but all of that is rather simple…)
F483 [2:31 AM] yes I agree, I code python 2/3 code and am using pycoin internally to parse/sign etc I try to get 100% coverage and my build fails on lacking pep8 currently no auto travis builds though as I need a local branch for p2sh and a local bitcoind client but as soon as p2sh makes it to the public dev servers I will use them for unit tests
Robby Dermody [3:00 AM] pep8 is rather easy with autopep8 (to at least take care of all the annoying whitespace issues)
Robby Dermody [4:04 AM] regarding P2SH:
p2sh will be merged to develop in a few days and after a few weeks of testing in develop it will go live on mainnet. feature live on mainnet: we’re aiming at 4-6 weeks.
F483 [4:12 AM] I think I should also have working micropayments by then and can start working on a PR for cp-lib, good timing!
rubensayshi [4:15 AM] yea, after the EVM I really want to do auto formatting on the whole codebase to make everything pep8 but it ruins the git history a lot cuz our codebase is pretty ... meh so need a moment when there's not too many outstanding branches open
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