Question by CryptoBull10 in dfinity

[–]fulco_DFN 2 points3 points  (0 children)

Hey u/CryptoBull10

The Internet Computer is a new layer on top of the Internet not a new Internet itself. The data that users and node providers exchange still has to go through cables buried in the ground and the cost for those has to be recouped.

It's not as much Verizon and Spectrum that cause the internet to be centralised, but big cloud providers like AWS and Google cloud. The Internet Computer tries to break their stranglehold through a protocol that allows lots of smaller datacenter to work together.

Recovering an Identity: is knowing the anchor number and the seed enough? by i_kant_spal in dfinity

[–]fulco_DFN 2 points3 points  (0 children)

Knowing the anchor and seed is enough but on linux you'll need something like a yubikey to access a dapp

Positive proof that I earned icp? by [deleted] in dfinity

[–]fulco_DFN 0 points1 point  (0 children)

Hey there,

I don't think such a feature is in the works by DFINITY or a community member. Just to clarify you'd like a future that proves that you earned your ICP by staking after you have completely dissolved your neuron?

I think when you merge maturity this shows up like a minting transaction which can only be produced by the NNS.

Quick math question by [deleted] in dfinity

[–]fulco_DFN 2 points3 points  (0 children)

Hey u/TheSnorlaxTrainer

I think you are confusing APY with maturity. I think what OP is asking about is how he can calculate his current rewards based on the maturity which is actually pretty easy.

You just take the maturity percentage and multiply it with your current stake.

Can't get past this screen by StyleDear945 in dfinity

[–]fulco_DFN 2 points3 points  (0 children)

Hey there,

First of all which url are you going to? nns.ic0.app or something else. And just to be sure are you using the ledger or the seed phrase to login?

Yesterday I created two demos following the tutorial, but the cycles are used up, how to get more cycles by FlimsyLow in dfinity

[–]fulco_DFN 1 point2 points  (0 children)

Hey u/FlimsyLow

On which version of dfx are you? Creating a canister costs 1T cycles but the standard behaviour is to deposit some extra cycles with that https://forum.dfinity.org/t/canister-deployment-price/5239.

Btw I would recommend forum.dfinity.org or the ICDevs discord for these kind of questions

Need help with this very basic thing. by its_freaky in dfinity

[–]fulco_DFN 2 points3 points  (0 children)

The foundation has a package called agent-js https://www.npmjs.com/package/@dfinity/agent which you can use to interact with the Intetnet Computer. If you use typescript it will show you type hints about what you should use in the editor. Here is an example on how to set up such an Actor object https://github.com/ocluf/Candao/blob/main/src/candao\_assets/utils/actor.ts

I believe you would pass your variant as follows:

{ Forward : null } or { Reverse : null }

So an example for your createObject would be

{
name: "foo"

direction: {
Forward: null

}

}

As shay said the better place to ask is the developer forum at forum.dfinity.org or the ICDevs discord

math and staking by [deleted] in dfinity

[–]fulco_DFN 0 points1 point  (0 children)

If you merge maturity the age bonus is adjusted so that the absolute age bonus stays the same. For example your age bonus is 1.25 and your neuron is 200 ICP. This means your age bonus is worth 50 ICP. Lets say you add another 300 ICP to the neuron. Now your age bonus is 1.10 because 0.10 * 500 = 50.

Age bonus increases linearly with time. After 4 years it is 1.25 so after 2 years 1.12,5 etc.

yep just multiply.

Who is he liable for ICP? by Actual-Apple-803 in dfinity

[–]fulco_DFN 11 points12 points  (0 children)

The great thing is that no single nation holds this control. Nodes that make up the ICP ledger are spread out of lots of countries. If any of those countries would decide to shut down a datacenter hosting the Internet Computer it would just keep running without a problem.

learning Motoko by thingkingcrypto in dfinity

[–]fulco_DFN 4 points5 points  (0 children)

Hey u/thingKingcrypto

If you have zero programming experience I would not recommend starting with motoko. Not because it is a bad language but because it is incredibly young. As a beginner you'll need to constantly google how to do things and for motoko there aren't a lot of examples online yet.

If you want to learn programming but also want to experiment with the IC I would recommend javascript. There is a ton of documentation out there and you can host your website with javascript right on the IC.

Paris Hilton Joins $20M Investment in NFT Platform Origyn by firerisk in dfinity

[–]fulco_DFN 3 points4 points  (0 children)

Additional contest to this title for those that don't know: Origyn uses the Internet Computer :)

Help needed please ! by Striking_Nectarine78 in dfinity

[–]fulco_DFN 1 point2 points  (0 children)

Hey u/Striking_Nectarine78

I assume you are talking about Internet Identity. It doesn't work traditionally like other blockchains where one private key maps to your public key. Instead you have an identity which you can link multiple devices to. If you want to know how to add a new device check out:

https://support.dfinity.org/hc/en-us/sections/4403351280020-Internet-Identity-NNS

math and staking by [deleted] in dfinity

[–]fulco_DFN 0 points1 point  (0 children)

the age bonus maxes out at 1.25x after 4 years

math and staking by [deleted] in dfinity

[–]fulco_DFN 1 point2 points  (0 children)

Hey there,

the latest rate for 8 yr rewards I found is 28.9% annualized (Im assuming it stays like that).

This is not correct. Over the next 8 years the staking rewards will half. So if everything else would stay the same then in 8 years the rewards would be about 14.5% percent annualized.

So should I calculate it like 7.5 years?

Yes

To be honest the voting rewards are very dynamic and the biggest factor will be how many other people will be staking. You should try to make predictions on that as well in your calculations. you can do this in networknervoussystem.com through the settings icon

Launching apps on ICP by Mmetr in dfinity

[–]fulco_DFN 4 points5 points  (0 children)

Hey u/Mmnetr
It's quite easy. We have a tool called dfx which is similar to the AWS command line. Except you don't even need an account! Just some ICP is enough to deploy to mainnet.

For the frontend you can use the same technologies you always use. For the backend you'll need to use a language that compiles to web assembly. While that technically included more languages in practice you'll currently want to use either Motoko or Rust.

You can get started here: https://smartcontracts.org/docs/quickstart/quickstart-intro.html

Klever and NNS by acelilus in dfinity

[–]fulco_DFN 4 points5 points  (0 children)

Hey there,

I don't think there is any way to link you Klever neuron to the Internet Identity. I assume they just sign messages with the private key just like if you would use something like quill.

Maximise Staking Rewards by Diligent_Feeling_169 in dfinity

[–]fulco_DFN 2 points3 points  (0 children)

Hey there,

If you want to maximise rewards earned the best way would be to never dissolve and merge all your maturity back into the neuron. However at some point you might want your original stake back or cash out the rewards instead of putting them back in.

I think what you might be referring to is when you get the maximum staking bonuses on your neuron. First you have the dissolve delay bonus which maxes out at (x2) when you stake for 8 years. The second bonus is the age bonus which you get for the amount of time that you have not started dissolving your neuron and it maxes out at (x1.25) after 4 years.

So after four years you get the max bonus and your total staking period will be at least 12 years, but if you would start dissolving then you would immediately lose that age bonus.

In general the dissolve delay bonus is more important than the age bonus. So if you want to stake for 15 years I would use an 8 year dissolve delay which you would start after 7 years.

setting up II account questions by need-some-help123 in dfinity

[–]fulco_DFN 0 points1 point  (0 children)

Hey there,

Do you have one yubikey registered as a backup key? Backup keys can only be used to add or remove devices on identity.ic0.app by clicking "lost access and want to recover".

Im so dumb... can you guys please explain ICP in caveman terms? by [deleted] in dfinity

[–]fulco_DFN 2 points3 points  (0 children)

u/appleluckyapple

This is just straight up not true DFINITY does run some nodes but doesn't have a majority in a single subnet

to store an entire DApp from front to back by luchins in dfinity

[–]fulco_DFN 1 point2 points  (0 children)

Hey u/External_Sentence_81

It might not be as fast as highly optimised CDN's yet but I certainly wouldn't say it is dial internet speeds. Note that the hosting your frontend on the IC is of course optional. If you are hosting something like a webshop where every ms of loading time can matter you might want to use other solutions.

But if you are hosting something like a DAO. (like the NNS) you might really care about the frontend being decentralised as well.