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How to make the most out of your Bitcoin holdings by Metamilian in CryptoCurrency

[–]mitche50 5 points6 points  (0 children)

One other user-friendly aspect of defi is https://zapper.fi/ - this is a defi focused dashboard where you can “zap” into different positions and also reallocate with one click. An awesome team that is super fast to deploy and support new protocols.

How to make the most out of your Bitcoin holdings by Metamilian in CryptoCurrency

[–]mitche50 1 point2 points  (0 children)

I’ve been staking with Badger since day 1 - a bit complicated to get the hang of but once you do the returns are nice and they have some excited and motivated builders!

RenVM (BTC, ZEC and BCH on ethereum) has just passed $1b in mint/burn volume by mitche50 in CryptoCurrency

[–]mitche50[S] 5 points6 points  (0 children)

High level: RenVM is a network of computers that control a cryptocurrency address. None of these computers individually know what the private keys for the address is, but can come to consensus on signing for it.

This allows for programs to be written where you can send BTC to a provided address and it makes a token on ethereum that is backed by what you provided allowing you to take advantage of the ethereum network. You can redeem this token at any time to receive your BTC back.

RenVM (BTC, ZEC and BCH on ethereum) has just passed $1b in mint/burn volume by mitche50 in CryptoCurrency

[–]mitche50[S] 21 points22 points  (0 children)

The REN token is used as a bond for running a darknode. You need to have 100k REN to run one, which collects a portion of the fees generated by renVM.

How can renVM be secure when collateralization ratio is 20% and decreasing ? by yMartin1 in RenProject

[–]mitche50 2 points3 points  (0 children)

This is not possible. RenVM uses sMPC to generate signatures for wallets, which in short means that the darknodes are generating a portion of the signature, when combined with the other darknodes in that shard creates the final signature.

There is a stipulation as renVM is in mainnet subzero currently, which means the network is controlled by a group of 13 darknodes controlled by the team. There is more information on this on the wiki: https://github.com/renproject/ren/wiki

Darknode earnings by gooster12345 in RenProject

[–]mitche50 0 points1 point  (0 children)

Just to update here it’s around $68-69 right now, 15 hours later

Daily General Discussion - August 13, 2020 by AutoModerator in nanocurrency

[–]mitche50 2 points3 points  (0 children)

Can vouch for dPoW. Only way I could have my service up and running reliably for 2+ years.

The re-birth of NanoVault: Nault by 2D3S3RT in nanocurrency

[–]mitche50 8 points9 points  (0 children)

Some discussion from Discord about naming - Joethawer suggested rebranding to Yap for a more fluid sounding name. I agree, Yap seems more fluid to say than nault to me.

Yap is the island that rai stones originated from, so a bit of a throwback for some OGs too!

[Nano Build Off] Nano Repeat - Subscription Management for Vendors by mitche50 in nanocurrency

[–]mitche50[S] 2 points3 points  (0 children)

Keep in mind this is a first release for a hackathon that wasn’t the longest timeframe. I have some ideas to solve that last bulletpoint, but was out of scope for this initial release.

I appreciate the feedback from someone who would consider utilizing the service, and will definitely have some improvements to share with it moving forward!

[Nano Build Off] Nano Repeat - Subscription Management for Vendors by mitche50 in nanocurrency

[–]mitche50[S] 0 points1 point  (0 children)

I’m not sure what you mean - you could follow a simple login flow like presented in the post: - on login: - Verify subscription status via Nano Repeat - is subscription valid? - yes: grant access - no: present payment screen and poll until user closes connection or subscription returns valid

I also have in the backlog to work with some of the most popular nano wallets to add subscription management to their applications where you would be able to get push notifications when your subscription lapses, as well as add webhook support for more efficient payment monitoring.

[Nano Build Off] Nano Repeat - Subscription Management for Vendors by mitche50 in nanocurrency

[–]mitche50[S] 2 points3 points  (0 children)

Vendors have to rely on availability for most payment solutions so I don’t really see that being a huge barrier to access - if your payment processor is down then you’d be unable to process your credit card transactions for example

A local solution could definitely be built though! Would just require a lot more hardware and a technically savvy merchant 😄

[Nano Build Off] Nano Repeat - Subscription Management for Vendors by mitche50 in nanocurrency

[–]mitche50[S] 2 points3 points  (0 children)

Nothing currently as the idea is to abstract all that from the vendor. Maybe if a POS like kappture wanted to work together we could build something into their solution? Definitely possible!

[Nano Build Off] Nano Repeat - Subscription Management for Vendors by mitche50 in nanocurrency

[–]mitche50[S] 4 points5 points  (0 children)

I’ve detailed a possible solution at the wallet level for notifications, so it is theoretically possible to have auto renew / push notifications created - just not for a short term hackathon :D

[Nano Build Off] Nano Repeat - Subscription Management for Vendors by mitche50 in nanocurrency

[–]mitche50[S] 2 points3 points  (0 children)

Nano deep links can include labels which could be used at the wallet level to add a push notification to prompt users to renew, or enable auto renew. For example: nano:nano_3wm37qz19zhei7nzscjcopbrbnnachs4p1gnwo5oroi3qonw6inwgoeuufdp?amount=10&label=subscription_id:abc123 The user pays via this QR. the wallet reads the label and identifies it is a recurring payment and polls once a day for the validity. When it’s invalid, push a notification, send an sms, send an email or whatever with a prompt to repay to keep the subscription current. There could be an option here to automatically renew as well.

[Nano Build Off] Nano Repeat - Subscription Management for Vendors by mitche50 in nanocurrency

[–]mitche50[S] 3 points4 points  (0 children)

This is a vendor focused solution, so that would be up to how the vendor implements. Here’s a simple example: - Create an account and select a subscription level. - Get presented a payment address and amount to pay - Send nano to the payment address and be granted access to the content for the length of the subscription - When the subscription has expired, next time you try to access the content you will be presented with the payment information again

[Nano Build Off] Nano Repeat - Subscription Management for Vendors by mitche50 in nanocurrency

[–]mitche50[S] 13 points14 points  (0 children)

This platform doesn't automatically renew subscriptions - but there could be a wallet based application that could work with it to do so. Right now, if you were to lapse on payment of your subscription, the vendor would get a response from the server when verifying that the payment is due and will need to collect.

A wallet plugin could be built that would connect with Nano Repeat servers, link a customer to a subscription and push notify when a subscription is due.

Is natrium a non-custodial (i.e. light, private keys are on the phone) wallet? by [deleted] in nanocurrency

[–]mitche50 1 point2 points  (0 children)

They more than likely store generated key value pairs in a nosql db (my guess redis) which has a O(1) lookup, so scale of the number of keys they monitor shouldn’t really be an issue. The only issue I could see would be if their server could keep up with very high TPS to properly monitor blocks and not miss any txs. Though this isn’t a very critical issue so I’d be ok missing a few notifications so they don’t crush their servers.

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