2018-08-22 00:05:20
What is master node? I don't know anything about it.
Fireduck
2018-08-22 00:05:26
So I am against it.
Fireduck
2018-08-22 00:19:09
In my opinion, a way to keep people from being disloyal and trying to cheat the system by using "borrowed" CPU computing power is to require the miners to stake in order to receive POW rewards.
aikida3k
2018-08-22 00:22:10
That is what masternodes do: @Fireduck A masternode is a node that usually does some specialized task for the coin and receives a reward for performing the task. The masternode owner has to stake coin to buy the masternode in order to own a masternode and receive mining or work rewards. In the case of DASH for instance, I think the masternodes help with Instant Send currency transactions: The send transaction is done much faster without the usual required confirmations.
aikida3k
2018-08-22 00:24:00
I like masternodes, but in the case of Arionum, in my opionion, they basically precluded themselves from being a CPU coin anymore.
aikida3k
2018-08-22 00:24:15
Ok. I'm against that. I am not bothered by others using them.
Fireduck
2018-08-22 00:25:07
The idea could be neat but it seems somehow wrong
Fireduck
2018-08-22 00:26:02
It was somewhat profitable for me to mine on servers when it was about .15. Then the price dropped to .03; it was unproffitable to CPU mine for me without just mining on spare clock cycles. Then they cut the reward by 1/3 by spreading the rewards to CPU, GPU and masternodes. So then my returns would have dropped by a third.
aikida3k
2018-08-22 00:27:14
Ok. I like the idea of having to stake coin in order to mine because that makes miners become loyal to the coin and it also makes the coin more expensive to 51% attack, but it would take decentralization away.
aikida3k
2018-08-22 00:27:24
I think the low effusion of this coin will help it.
aikida3k
2018-08-22 00:30:13
Well said @aikida3k
CryptoQuan
2018-08-22 00:30:42
I’m not necessarily for it, just wanted to see your guys opinions
CryptoQuan
2018-08-22 00:34:21
@CryptoQuan Thanks. I guess we'll have to see how price does once it gets on an exchange.
aikida3k
2018-08-22 00:34:49
$5
Fireduck
2018-08-22 00:45:08
:raised_hands::raised_hands::raised_hands:
CryptoQuan
2018-08-22 00:46:18
If it goes to $100 I can retire but it won't do that for a few years
Fireduck
2018-08-22 00:59:54
I can wait a few years for $100
CryptoQuan
2018-08-22 01:00:04
Is the ticker going to be SNOW?
CryptoQuan
2018-08-22 01:08:27
Sure. I'm not the boss of itm
Fireduck
2018-08-22 01:58:16
What do you mean by "stake coin" @aikida3k ?
Clueless
2018-08-22 02:08:03
@Clueless to stake coin, you withhold a required amount of coin that must be kept in order to receive a reward. An example is one coin I used to mine, the work was quantified in Recent Average Credit. So running the program on your server would generate so much RAC per day, somewhere usually around 5,000 to 10,000 RAC per day. So in order to receive reward, we had to do a very small, negligible burn transaction on the blockchain to register a CPID. We associated our CPID with our stake amount, which was required to be 20 coin per RAC. So 10k RAC required 200,000 coins to be held, staked, in order to receive 100% reward. This leads to a coin lock up effect, that should eventually lead to stable or higher prices, especially with a higher effusion coin.
aikida3k
2018-08-22 04:00:37
the important thing to remember is that dignity grows back
Fireduck
2018-08-22 04:00:46
it is a renewable resource
Fireduck
2018-08-22 04:03:37
just 100$ ? 1 SNOW = 1 bitcoin at the end of this year.:joy:
alistar
2018-08-22 11:32:02
@Clueless Ethereum is supposedly switching to Staking (PoS) when Casper is released
CryptoQuan
2018-08-22 14:07:48
I like how snow is mined, one actually has to learn something new to participate :nerd_face:
SidGrip
2018-08-22 15:26:50
hey guys
mjay
2018-08-22 16:44:00
Hey there, is it mandatory to install Bazel to export private key ?
bilounet
2018-08-22 16:44:43
not at all
Fireduck
2018-08-22 16:44:59
the newest release has the functionality built in
Fireduck
2018-08-22 16:45:20
it would be something like
java -jar SnowBlossomClient.jar client.conf export plain.txt
Fireduck
2018-08-22 16:49:13
Hi Fireduck, thanks for your answer :grinning:
bilounet
2018-08-22 16:49:38
It has been implemented in 1.3.2 or before ?
bilounet
2018-08-22 16:52:13
it is in 1.3.0 and later, I think
Fireduck
2018-08-22 16:52:19
absolutely it is in 1.3.2
Fireduck
2018-08-22 16:56:13
I'm on Win7, I've got that answer: "Error: Unable to access jarfile SnowBlossomClient.jar"
bilounet
2018-08-22 16:56:39
Shit, I should have installed that on my Linux partition
bilounet
2018-08-22 16:57:28
you can take a look at what client.bat does
Fireduck
2018-08-22 16:57:42
most likely your jar file is in some other location and my command line was bad
Fireduck
2018-08-22 16:58:06
I was assuming that SnowBlossomClient.jar would be in the current directory
Fireduck
2018-08-22 17:04:46
I have a jarfile whose name is SnowBlossomClient_deploy.jar
bilounet
2018-08-22 17:04:52
I guess it's not the good one
bilounet
2018-08-22 17:10:03
That is a fine one
Fireduck
2018-08-22 17:10:07
Maybe
Fireduck
2018-08-22 17:10:27
There is a reason I said a command something like what I typed
Fireduck
2018-08-22 17:19:54
OK, thanks for the insistance on "something like", lol
bilounet
2018-08-22 17:20:45
I obtained a plain.txt file, with about 80 public & private keys
bilounet
2018-08-22 17:23:19
Sounds about right
Fireduck
2018-08-22 17:32:42
TBH, I'm still a bit lost
I have this collection of 80 public & private keys following that form :
"keys": [{
"signatureType": 1,
"publicKey": "AnegiZWsGC3seLvtiukUJXg2XIf7wcw0l8xwrtVpwd1i",
"privateKey": "XXXXXXxxxxxxxxxxxxxxxxXXXXXXXXXXXXXXXxxxxxxxxxxxxxxxxXXXXXXXXXXXXXXXXXXXxxxxxxxxxxxxxxxxxxXXXXXXXXXXXXXXXXXXXXXXxxxxxxxxxxxxxxxxxxxXXXXXXXXXXXXXXXXXXX"
bilounet
2018-08-22 17:34:03
After that, I've got about 80 times the following form:
"addresses": [{
"requiredSigners": 1,
"sigSpecs": [{
"signatureType": 1,
"publicKey": "AnegiZWsGC3seLvtiukUJXg2XIf7wcw0l8xwrtVpwd1i"
bilounet
2018-08-22 17:35:08
And then, I got my 80 or so SNOW adresses with their timestamp creation
bilounet
2018-08-22 17:35:46
So how am I supposed to link a SNOW address to its public & private key ?
bilounet
2018-08-22 17:35:59
They are in the same order of creation ?
bilounet
2018-08-22 17:37:58
You want to separate out a single address?
Fireduck
2018-08-22 17:38:20
Don't count on any ordering
Fireduck
2018-08-22 17:38:40
I want to know the private key of a specific SNOW address
bilounet
2018-08-22 17:38:51
Is the plain.txt file a kind of array ?
bilounet
2018-08-22 17:39:28
Yes, you're right, I want to separate a single address
bilounet
2018-08-22 17:41:42
It is a json file
Fireduck
2018-08-22 17:42:06
Read wiki technical page about address spec / claim structure
Fireduck
2018-08-22 17:42:17
You don't want just the private key
Fireduck
2018-08-22 17:43:29
OK, I will dig that.
bilounet
2018-08-22 17:44:06
Thanks for ur help, I will come back to confirm my success (I hope lol)
bilounet
2018-08-22 17:51:32
You are probably better off making a new wallet with fewer keys
Fireduck
2018-08-22 17:51:41
And transfer to that
Fireduck
2018-08-22 17:52:38
key_count=1
key_pool_size=0
Fireduck
2018-08-22 23:18:12
Is there a snow telegram group?
mjay
2018-08-22 23:18:21
It was mentioned on discord
mjay
2018-08-22 23:19:05
Not that I have seen
Fireduck
2018-08-22 23:45:13
what's a telegram?
Clueless