Ah, didn't know the term
we need more people in DEV:joy:
I count for many
I need less regular jobs
If you don’t know what a utility token is, in general you’re not in a position to worry about that part of the law :grinning:
Which is a good thing
IANAL, etc
Ah, different legal status in some places?
Generally applies to people doing ICOs and trying to justify that their “created from scratch” aka fundraiser money is not a security
Fools, money, parted
HI homies, I'm a recovering lawyer and still active in policy and regulatory space (mostly internet governance). Tried to mine this coin in week 1, failed, now a conspirator on this thread got things fired up again. I'm a happy miner. Anywhooo the issue for SNOW at the outset isn't a big thing, but it's not really a question of whether or not SNOW is a cryptocurrency. A cryptocurrency (or currency) isn't really a meaningful designation. The question is whether or not SNOW would be considered a "security" or not. From what I can tell the decentralized governance and community involvement (plus, no premine, right?) takes it out of most of the danger zone for being designated as a security. Now, that doesn't actually mean, at all, that it's a utility token. (That's a red herring for this purpose). The whole thing to avoid is the "security" designation.
I can't see how it would ever be classified as a security.
It's kind of an open question, actually, as to whether or not a project like this needs to formally adopt governance rules, or whether it's better not to. There's an attorney on Ravencoin that's opined that Ravencoin isn't a security and also that it doesn't need formal governance.
Interesting
You are a handy person to have around ;)
hey. :slightly_smiling_face:
@Fireduck http://qtrade.io appears to be listing lots of new coins that started similar to snow
Here's the ravencoin paper. I think you're right, @Shoots, it's hard to think of SNOW becoming a security but this is the kind of thing that's good to address via pro-active activity rather than dealing with a responsive inquiry.
Ha. If the SEC is up in my business we've already won
That is an interesting read on rvn. It helped me understand what classifies a crypto currency as a security
Yeah
Is Snow a Security? haha
if I were to make a tool to notify people of payments to their addresses, what forms of notifications would you like?
and how would you like that to look?
@Clueless I love a iOS or Android app.
app wallet
or web wallet
web wallet? oh god
haha
doable, but would have to reimplement a ton of code in javascript
anyways, I need to get to work
I mined anther coin http://nimiq.com
its wallet just web wallet
ha
but snowblossom's homepage must redesigned.
it looks like from last centory.
maybe it was
well, my html skills are absolutely from last century
and not friendly to mobile phone
hah
If want many people know the Snowblossom, we need a new website, friendly wallet. When I saw ur website first time, I think I visited a fraudulent website.lol
I can make a web wallet
but the problem is you should only use it on a dedicated machine
anyway, wallet must be easy to use for end user.
anyone know, if you are doing jsonrpc over http, should there be multiple requests per http post?
or one per post?
rather do rpc over websocket
sir, can u help me to build a snow pool like ur
like this thx
why u add RPC in client?
For people to integrate with for things like exchanges
So may be we can integrate exchanges soon?
I want a wallet with GUI, so I can advertise Snow to my Chinese friend.
it will be relatively easy for someone who is into python or such things to make a gui wallet using the json rpc interface
once I am done
yes, I c.
Anyone want to generate field 12 for me so I can check the hash that I'll hopefully have in another week?
you only need a bit over 4TB of SSD
INFO: Generating snow field at 4200.48 writes per second. Estimated total runtime is 497.05 hours. 0.55 complete.
wow
yeah, it is a bear
plus it will have to be a SIP to include the next set of fields
but probably won't need them for a while
Hey guys
Just wanting to know what wallet of the ones listed in the releases section should I download?
I am running windows, but noticed it said it is OS agnostic
Most recent
IS 1.2.0 the one I should run?
Yeah
Beautiful! Thank you Fireduck
No problem
I am at nordstroms. It looks like they are shooting a commercial.
That's hilarious
So, this is probably another stupid question
but is there no GUI wallet?
And, as someone who isn't SUPER techy, is a non gui wallet easy enough to use?
Do I just run the Client Batch file?
I apologize for the incredibly simple questions, I just try to err on the side of caution with things I don't know
First the node, then the client, that's how i do it.
Hi lads, i would have a question as well. If i want to set a fixed difficulty for a pool, i just add a dot behind the address and then the difficulty (address.difficulty). Is that correct?
Thanks man!
@Columna Cripto that feature does not exist
It is a good idea
Thanks a lot for that answer. So there is nothing i can do - except a restart of the miner - to stop the pool raising my difficulty over the time?
Currently, correct
It shouldn't raise it too high
It it based on how fast you solve shares
Ok, that will bring up another questions. I don't really have a lot of experience mining, but i have the impression, that a share every 30 minutes is a bit too long. More or less, i have the feeling, that i don't get enough coins that way. Even that i know, higher difficulty get your bigger shares. Thanks for the help.
the variance is problem
when the difficulty creeps up too high it is hard to know your mining rate
since the shares are so infrequent
that should help once pools update
Thanks for the support. It's a pleasure to learn mining based on snowblossom.
why one wallet need 8 addresses?for anonymous?thx
@alistar that is just from that first version of the client
the next release will have a better one
and yes, for privacy it is preferred to use a fresh address for each transaction
the new client will create them and give them out as needed
got it
the new version is checked in already, you can try it if you build from source
thank u, i will have a try.
is high tps necessary for a coin? what is the tps of now?thx
transactions per second? We could do 10 tps pretty easily based on my testing in testnet
however, we average 0 tps
yes,most of us just mining snow
very little transaction here.