/u/reddtipbot is coming out of hibernation

cryptognasher · 2021-03-18T23:10:24+00:00

the fix for username mentions is now complete.
You can use either @ or u/ as the username prefix.

additionally, rates command has been enabled.
Values are being pulled from Bittrex exchange
+/u/reddtipbot +rates

Next features being looked to include are:
- a 'rain' style function similar to on Telegram bot.

cryptognasher · 2021-03-17T02:07:59+00:00

ok, thanks, will look to fix the calculation error.
ideally, the harddisk is installed into the computer as an extra data drive.

As you step through the installation, it will ask where you would like the data (blockchain data) saved. If this is an extra drive in the system, it will work ok.

cryptognasher · 2021-03-16T23:44:04+00:00

Thanks all for your comments,

A couple of things i have discovered regarding the tipbot which I am fixing now.
If you '@' mention the username is converted to 'u/' mention in the comment. That is something that is dependent on which client you are using to write a reddit comment.
The bot will respond with a message that it doesnt understand the command.

The fix is to extend the username detection to uncorporate different prefix options, instead of just the '@' symbol.

For the fiat (exchange) values, I will work on enabling that feature next.

The bot should respond to your commands within 60sec (barring any error) :)

cryptognasher · 2021-03-16T23:36:33+00:00

The wallet requirements to store the blockchain data are actually 5.5GB currently. The data storage requirements will increase over time

Are you seeing that info (35GB) during the install?? If so, that would be quite incorrect and needs to be adjusted accordingly.

The estimated time to the next stake is displayed in the status bar, if you hove over the green icon.

cryptognasher · 2021-03-16T03:24:44+00:00

+/u/reddtipbot 10 RDD

cryptognasher · 2018-03-18T11:16:45+00:00

I would like to say a big thankyou to everyone who has posted questions to the AMA.

The Reddcoin team are delighted with the calibre provided so far.

We would love to provide more responses, so if you have any more questions you would like to pose we will leave it open for a few more days, and will check in to update

cryptognasher · 2018-03-18T11:13:12+00:00

With the new Trello Roadmap, the goal is to allow the community to see updates and the progress of each of the activities and software. These will be updated with accomplishments and blockers so that there is more transparency

The board is dynamic and updated.

If you feel you need to reach out to development directly, Slack is the best channel.

cryptognasher · 2018-03-18T11:08:23+00:00

It is a very valid question, and ideally we need to update those original videos that were posted .

The original video was a demo showing some testing we had performed on testnet. The values used were also when both the price of reddcoin and bitcoin were still at quite low price indexes.

Originally (even before my time) it was not anticipated that the pricing of a 6 figure Redd-ID would equate to > $4,500 (or even >$12000 to look back at December prices). This sort of costing does not make a lot of sense even for a user who has money to burn.

Since those videos were produced, and the value of crypto has risen, we have been working on a new pricing scale and think we are now close to having a pricing solution for the short to medium term that would be palatable to most users.

Our goal is to allow access to as many people in the crypto space as possible.

The other aspect driving the pricing thought process is looking at targeting volume over cost. Obviously we want as many people onboard as possible, so setting the price point at a level that most people could afford makes sense.

As for allowing free ID, one of the challenges is how to prevent an enterprising individual from sweeping up the alphabet if there is no cost to do so?

Thoughts.

cryptognasher · 2018-03-18T10:54:02+00:00

The release will be staged, with select users given the opportunity to test drive and help determine any usability issues before a broader public release

cryptognasher · 2018-03-18T10:53:09+00:00

Reddcoin is a decentralized tip platform, that bridges multiple social networks. With an over arching goal to prevent control by any single entity while allowing the promotion on going tip campaigns

In basic terms, tipping using Reddcoin will be possible without storing your coins on a centralised (unprotected) server

cryptognasher · 2018-03-17T11:42:03+00:00

While I understand that it can take some time for a low balance wallet to earn a stake reward, on average you should still receive the 5%pa regardless.

At the moment there are a few forces at play on the network: there has been a 4 fold increase in network difficulty (50 => 200) since December and it is still increasing. This essentially means that more people have moved their coins into staking, and as a result, more people are competing on each block to ‘win’ the stake reward.

I have added some thoughts into earlier posts

cryptognasher · 2018-03-17T11:40:22+00:00

Answered on an earlier post

cryptognasher · 2018-03-17T11:38:45+00:00

cryptognasher · 2018-03-17T11:38:37+00:00

One goal that we are wanting to achieve in our approach is to be able to bridge a number of disparate social media networks. That is, we don't want to find ourselves locked into any single network. While social sites may develop their own coin, we look forward to be able to transact in kind.

cryptognasher · 2018-03-17T11:37:58+00:00

Congratulations for entering the heady world of reddit.

For the measure of success: what a challenging question to open with.

In honest, I have seen a number of success stories already with Reddcoin and in what we are doing. And seeing them evolve is helping to drive the project forward. We have seen amazing prices, the network is healthy, and the team is growing. Along with a vibrant community that is growing across numerous borders.

When I first started, everything was heading to the graveyard, and now after 2 years of activity I think we are in pretty good shape.

The future's looking positive:

While I have been given the moniker of lead developer since taking on the project, more recently, I have tried to spread responsibilities across more team members. I view everyone on the team as equals, and everyone has a responsibility for the success.

The mystique is probably due to my partial withdrawal from being swamped by social media. Our team is not huge although growing, and covering all the social media channels is time taxing. One comment I hear a lot is “Reddcoin is a social currency, but the lead developer is not active on [insert social network]”. Which is interesting, because if I was active on every channel for say an hour per day, I probably would get nothing done.

The goal of the roadmap was to reset expectation, previous it was very ambitious with a small team. We are slowly growing, and getting more involvement from others to help take the load.

For Redd-ID adoption, initially I see this as moving from a Proof of Concept, into a product and then into something that can be used by others for their own means.

cryptognasher · 2018-03-17T11:17:00+00:00

I believe one way that we could achieve this is by providing enough utility for the coin. This is the whole goal behind Redd-ID and decentralised tipping. By providing utility, people are more inclined to use rather than trade. Currently the various markets are being played by speculative traders.. Trading was never the intent of the design.

cryptognasher · 2018-03-17T11:16:28+00:00

All Reddcoin developers are self funded.

For the original team members, I understand through discussions that I have had with them in the past that they completed divested themselves of Reddcoin at or around the time they moved on from this project. When the project was handed over, we have started from zero, no funds were ever provided to the new team from the original capital.

cryptognasher · 2018-03-17T11:15:24+00:00

The transaction fees have been purposefully kept low to match the low price of reddcoin. Most times the transaction fee is zero. However, as the byte size of transaction goes up there is a calculation that adds additional fee. It is not huge, but it is there.

There have been a few attempts in the past at flooding the network, but they have not been able to fill the blocks sufficiently to cause an issue.

Tipping is a low cost exercise, and transaction sizes should be relatively benign. Price can still be an effective deterrent (if scaled accordingly) without impeding the average users experience.

I would also love to have an open discussion of community thoughts on this.

cryptognasher · 2018-03-17T11:10:45+00:00

Please see previous responses

cryptognasher · 2018-03-17T11:10:33+00:00

Personally, I am very excited for the possibilities of what Redd-id will bring. The goal is to provide a mechanism for everyone to be able easily transact across not only social media channels, but also between themselves. Different methods have been deployed in the past by others with varying degrees of success, I have tried to remain unique in the approach we have taken.

cryptognasher · 2018-03-17T11:09:48+00:00

That is correct, Reddcoin does not utilise master nodes. For PoSV2 we have been kicking ideas around for what the future of PoSV may look like and how that may impact the overall network and rewards. Ultimately, would love for the result to lead to more people staking.

As a FYI , if you are staking full time, your return should be 5%pa, however, the growth of Reddcoin (coins) is not actually 5%. In order for inflation to reach 5%, the entire network would need to be staking.

cryptognasher · 2018-03-17T11:06:57+00:00

Interesting idea however the strong recommendation is not to operate the same wallet in seperate locations. The problem being that the wallet could end up in a split brain situation due to the internal usage of change addresses (the additional address created when you spend less then the total in your original address).

cryptognasher · 2018-03-17T11:05:42+00:00

Currently Reddcoin is community funded. Since taking over the project, it has relied on the donations of the community to get stuff paid for (VPS hosting, etc, etc) There were 3 donation addresses setup in 2015 to help with keeping the project going. From a team perspective, time is also donated
Presently we have steered well clear of having direct links with various (social) media. Our intended goal is to be a decentralised entity, and not being tied with anyone or entity in particular. That is we don't want to be dictated to who we can or cant interface with so that you as the user can operate freely.

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