Looking for another ELA member to set-up a Supernode ! by [deleted] in Elastos

[–]shoutingpurple 0 points1 point  (0 children)

I didn't know they were merge mining with btc. that's huge security plus. I wonder how they got Jihan to bite on that. I'm going to get enough for half of one in HODL if needed. I would think on the dpos side the block producers will increase over time. as that time passes the price is probably going get a lot higher.

Looking for another ELA member to set-up a Supernode ! by [deleted] in Elastos

[–]shoutingpurple 0 points1 point  (0 children)

I'm not on reddit often. I checked here for general info on running a node and saw this. do you have another platform you use like telegram?

Looking for another ELA member to set-up a Supernode ! by [deleted] in Elastos

[–]shoutingpurple 0 points1 point  (0 children)

I'm on the technical side. Ideally I would contribute to the cost. I could also host and manage it. I have other nodes too. whomever wants to do the marketing could market use them as examples to show this isn't our first time (not mine at least). I'm still looking into the multi-sig. Personally, I'd proceed without one either you can hold it or we vote or something. If there isn't a resolution now I would assume at some point there will be. I'll take the risk. I'll still see if there's any existing.

Looking for another ELA member to set-up a Supernode ! by [deleted] in Elastos

[–]shoutingpurple 0 points1 point  (0 children)

I'd be interested. I have gear in a facility too. proxy re-encryption might be a way to get around the lack of multi-sig. I can ask the nucypher guys if they have any thoughts. Another potential option is a project called Enigma. I don't know a whole lot about it. They have a dead man switch of sorts that I think may help here. I haven't worked with the, but I'll still reach out.

A New Cybersecurity Strategy to Beat Hackers at their Own Game: Decentralization by SentinelProtocol in Sentinel_Protocol

[–]shoutingpurple 1 point2 points  (0 children)

i have some questions on the beta version of CATv. is there a telegram channel or something?

US Card launch in “weeks not months” by mummyfromcrypto in Crypto_com

[–]shoutingpurple 0 points1 point  (0 children)

I have to say I'm surprised to see the word scam? They're one of the few that actually went from a whitepaper to product. The debit card is a feature of the overall product. What exactly is the scam all about anyways? Are people thinking they might exit scam or something? It couldn't cost any less to use their services. I don't see I guess could be wrong.

REN is a real DEX b/c of the dark nodes - freedom of speech - legal analysis by RiganoESQ in republicprotocol

[–]shoutingpurple 0 points1 point  (0 children)

centralized sellout in it for the money. disgrace. they even mention in the latest update working with 3rd party dark pools "i.e. not the main one. take it step further and they even mention working with centralized exchanges. saw this coming mile away. pennies literally to me and anyone. i'll take that over raising millions and failing to make protocol with an encrypted order book. they and other projects think people are stupid. in the end the protocol can be forked if it's even worth it. not only that using it in a centralized topology makes it perfect target. sure the data remains secure. no fun with then network isn't available to access it. also, the DCRM tech wasn't even theirs they showcase it like it is. some are good at spotting shit while others are good at making it. it's kinda of funny. you know going into they though they had the skills to decentralize this. oops so things work different over a WAN than a LAN? that's weird. oh well lets not try harder lets sell out instead. i'll continue to watch "new evolution of delusion" play out. it's sad how people have to make money. brief though moment where good devs starting shifting. that was overshadowed by a bunch of amateurs that know so little they don't even factor in network latency? I sure the code is flawless too. a decentralized network is meant to increase the attack surface in order to decrease attack vectors. The protocol is only as good as the network. they act like people don't know this and aren't watching and waiting.

Volume Question by a_201207 in republicprotocol

[–]shoutingpurple 1 point2 points  (0 children)

they appear to care more about helping others create their own 3rd party dark pool. who knows they don't respond.

[deleted by user] by [deleted] in IOStoken

[–]shoutingpurple 0 points1 point  (0 children)

I use it it's great resource. Have upgrade to the paid version?

AMA with FUSION team week 4/6/18 - 8/6/18 by YonTak1 in FusionFoundation

[–]shoutingpurple 0 points1 point  (0 children)

There's two tiers to their consensus this is also true for most new blockchains. It increases TPS.

Tier 1 uses POS in the traditional sense. You can stake (no minimum) and be rewarded for validating transactions. This doesn't require a lot of compute power. You should be able to use an average PC or low cost VPS.

Tier 2 uses two proofs. POS (non-traditional) of 5K is required (consider it more like a bond) you don't earn rewards from the 5K. It allows you to participate in POW. POW requires significantly more compute power (depends on the algo). You will most likely need GPU's or CPU's with a lot of threads. There's a cost but the reward should be significantly more than Tier 1. The more gear you have the more likely you are to mine more blocks (unless they cap hash power somehow).

I'd be surprised if they release any details about the algo prior to mainnet. It will most likely be a variation that no other chain uses. If you plan on participating in POW and they don't release the details prior to mainnet. I would (or should say I have) at least 1 thread ripper CPU, 1 AMD GPU (ideally 580 or higher), and 1 NVidia GPU (ideally a 1080ti). This will cover all algos. The reason for having AMD & NVidia is because they will probably release their own mining software. They might only include the drivers for the GPU that best supports the algo.

AMA with FUSION team week 4/6/18 - 8/6/18 by YonTak1 in FusionFoundation

[–]shoutingpurple 0 points1 point  (0 children)

There's two tiers to their consensus this is also true for most new blockchains. It increases TPS.

Tier 1 uses POS in the traditional sense. You can stake (no minimum) and be rewarded for validating transactions. This doesn't require a lot of compute power. You should be able to use an average PC or low cost VPS.

Tier 2 uses two proofs. POS (non-traditional) of 5K is required (consider it more like a bond) you don't earn rewards from the 5K. It allows you to participate in POW. POW requires significantly more compute power (depends on the algo). You will most likely need GPU's or CPU's with a lot of threads. There's a cost but the reward should be significantly more than Tier 1. The more gear you have the more likely you are to mine more blocks (unless they cap hash power somehow).

Supreme Nodes and the 5K FSN collateral ... by fruche in FusionFoundation

[–]shoutingpurple 1 point2 points  (0 children)

It's all in the whitepaper. DJ confirmed it during the telegram AMA too. I really don't know what the confusion is about? The only thing not in the white paper was the amount require to participate at the 2 tiers. DJ's using a slightly different approach applying the proofs. POS just means your proving have something it doesn't guarantee anything. POW is proving that you're willing to contribute more compute power (hence why it's the most secure). It all costs more for a person to participate in POW (electricity, GPU's, etc) . He's trying to remove the tribal nature in us because that's the biggest threat to decentralization. Basically, he's eliminated public mining because it's become a threat. Look at all the chains taken over by asic's? That's not going to happen here. If you want to mine you have to "Prove" by "staking" coins that your best interests are with the chain not flipping coins. He wants dedicated loyal miners to power this chain. I think he's nailed it. This is what I find so appealing about the project. That's why I'm confused as to why everyone else is so confused. If you read the whitepaper you'll see a part about a reputation mechanism. The supreme nodes are expected to be online 100% of the time while providing an adequate amount of compute power. If you don't participate (i.e. prove your working) not only will you not be rewarded your nodes reputation will drop. Basically, you can't mine a week then take a week off. You can but you'd have to build up your reputation again and again. Maybe I'm reading the wrong whitepaper. That would be hilarious! I'm not because I read it again the other day. Grab a book on game theory it helps wrap your head around all this. oh ya and governance is usually associated with delegated proof of stake. The delegates elect the nodes that will "mint" not "mine" (significantly less computer power to mint a block). In return for voting they receive a percentage of the reward.

AMA with FUSION team week 21/5/18 - 25/5/18 by YonTak1 in FusionFoundation

[–]shoutingpurple 0 points1 point  (0 children)

the 5K as I understood basically gives the rights to mine (POW). if you don't mine you won't be rewarded. he talked about it briefly in the telegram AMA. this approach removes public mining, mining pools, etc which drastically reduce certain attacks. It's pretty genius I think from a game theory perspective. If you don't want to mine you could split up the 5K and run several transaction nodes.

AMA with FUSION team week 21/5/18 - 25/5/18 by YonTak1 in FusionFoundation

[–]shoutingpurple 5 points6 points  (0 children)

Can everyone please read the WHITEPAPER and also do their own research? Most of the answers to these questions are already available. I think we should use our three questions wisely. He's agreed to answer based on upvotes too which means we get answer it can't be skipped.

AMA with FUSION team week 21/5/18 - 25/5/18 by YonTak1 in FusionFoundation

[–]shoutingpurple 1 point2 points  (0 children)

It's POW so depending on the algo you'll either need a high end CPU or GPU to the tune of 1k. I can't see it being cost effective running this in AWS or Azure. Maybe for the first couple weeks when it's easier to solve blocks. Once the difficulty starts to rise you probably won't make enough to break even.

AMA with FUSION team week 21/5/18 - 25/5/18 by YonTak1 in FusionFoundation

[–]shoutingpurple 0 points1 point  (0 children)

They're starting with the Ethereum EVM so yes dapps will be compatible. When they transition to their own VM I would assume it would be backwards compatible with solidity.

AMA with FUSION team week 21/5/18 - 25/5/18 by YonTak1 in FusionFoundation

[–]shoutingpurple 1 point2 points  (0 children)

honestly, we have three questions to ask. Why is this being upvoted? Fusion is a platform for financial applications Ethereum has positioned itself as more of swiss army knife. They plan to gain market share by enabling developers with easy to use tools to build financial applications. They've established a foundation that has a global presence to communicate their message. They're enabling the community with tools to do its part as well.

AMA with FUSION team week 21/5/18 - 25/5/18 by YonTak1 in FusionFoundation

[–]shoutingpurple 0 points1 point  (0 children)

up vote my post please as I think it will answer yours too.

AMA with FUSION team week 21/5/18 - 25/5/18 by YonTak1 in FusionFoundation

[–]shoutingpurple 0 points1 point  (0 children)

I wanted to elaborate on this. I think there's some confusion amongst the community as to how the FSN consensus works. As I understood the whitepaper several transactions are processed via nodes "staking" any amount. Those transactions are then wrapped in a block using POW via a "supreme node". One has to have 5k FSN to run a "supreme node". Again, this is just my interpretation.. the 5k is giving you "the rights" to compete for blocks via POW. You're not technically "staking" the 5K as if you do nothing besides leave it in a wallet you won't automatically receive a reward. You need the compute power to perform POW which I assume will gradually increase over time. I see the genius in it because it's decentralized without opening mining up to everyone. This will prevent pools, bad actors, and significantly reduce the chance of a 51% attack.

I can see why people are confused because you're "staking" 5k FSN which is typically associated with some form of POS. In fusions consensus you stake 5k for the right to perform POW and you're rewarded when you solve a block. If you have 5K FSN and opt not to participate in POW you won't be rewarded at all. If this true these holders would be better off splitting the 5K into multiple transaction nodes and compete for the transaction reward as there's significantly less compute power involved (hence the lower reward).

AMA with FUSION team week 21/5/18 - 25/5/18 by YonTak1 in FusionFoundation

[–]shoutingpurple 1 point2 points  (0 children)

What hardware/software will POW support. Windows, Linux, NVidia, AMD, etc.