@Rotonen who says india?
It's a scam no token needed, pays for oracle, pay to sergey lol
The economic doesn't work good project no need token
I think price
1 SNOW = 10 BTC
Might take a decade
Because BTC price drop due to hashwar?
Just plain old better solution winning. If the first thing we're best we would all be using friendster.
What snowfield by then 100TB?
What is Bitcoin difficulty in bit?
Incase your too busy craig coin controlling BCH
it doesn't matter what deals he's struck if the if the price doesn't go with the hashing rate the hashing will move back to where the price is.
7,184,404,942,701
I expect a good shit show
Anyways it is hard to say how big the snow fields will get. 4x hash rate increase for each snow storm is a lot.
```Coingeek and nChain, understanding that keeping the network unstable will lead to heavily reduced investor confidence and predictable sell-offs of BCH on exchanges, are playing a game of chickens.```
Can i copy paste here
Maybe at random
Interesting story by vin (bitcoiner since 2012)
Yeah, bch mess is for <#CAR9AKG64|random>
This story made me want to become a miner i mean if u left like Satoshi who's going to be incharge of snow... Miners
Yep
New release posted 1.4.2 - Duck's Vision
@Fireduck You honestly believe SNOW will win over BTC on the basis that it is "better"
I think it has some things that are better, mostly because we know 10 years more things that Satoshi did
I think it is possible but a lot will depend on what communities want to do
What's your vision of where Snow is at in 5 years or so?
If you don't mind me picking your brain
not at all
There are some key things I want to see. 1) is a good micropayment ecosystem. For this I mean, you are on a web site. You drop 5 cents into a slot and then the ads go away. When you come back, it remembers that you paid and doesn't bug you with ads for a while. No logins, no accounts. Just easy.
2) a good channel system for sharing content without a centralized point
We have plans on doing both of these things with snowblossom, but any cryptocurrency could do it
What do you think is SNOW's primary edge? ASIC resistant?
I think the UTXO root hash is each block is pretty key. ASIC resistant is important as well.
Also the ability add signature methods as we approach quantum computing
I don't think there is any one thing
I've seen a lot of people FUD on the its written with java
Any issue with that or rebuttal?
I haven't seen any of that so hard to respond in detail.
In general, java is an often misused tool. People use languages to prove they are smart.
So in java, bad programmers make super complex object oriented designs
that are completely terrible and unmaintainable
which is what people associate with java
but it is a great, fairly simple and fast language with a ton of support and libraries for everything
I like it a lot and can do a lot of things very quickly with it
just avoid writing terrible code and it is good (like any language really)
What about people thinking it was unfairly distributed? Seems the supply is held by some of these big miners?
Why, or who, are these miners putting so much effort into SNOW? Do you know?
I can't think of a more fair way to do it, people who were interested put in the effort and resources to mine
of course I wish we had a wider initial audience but it is hard to get anyone's attention in this space so we were happy to have the interest that we did
and I don't know who the big miners are or why they are putting in so much hash power
I guess they think the project has potential
So, lets say there was the bitcoin talk ann. Was there anything else like with a lot of your friends or something?
I'm just curious if there was an insider group or was everything kept low-key until the ann
most of my friends don't do what I say, I don't think a single person I know did any mining other than @Clueless
the mainnet launch was after the bitcoin talk announcement
I really don't trust ICO or premined thing
You think all the hash power was put into SNOW "fairly" or did someone figure out how to game it in the early days
me either,,
I don't think anyone is gaming it or has. I think some early folks were willing to work around some rough edges that existed then (and still do)
> I think some early folks were willing to work around some rough edges that existed then (and still do) You mean the higher barrier to entry?
I mean the software is not super well documented and is sometimes a little hard to run
especially since the PoW has this new snow field idea that people weren't used to
What was the design decision behind not letting fields revert to a lower field?
and the decision on fields in general, I hardly understand but want to
I should put that in a faq, it comes up a lot :wink:
Lets suppose most people couldn't memory mine at 256gb. So they memory mine the 128gb field until it flips then the hash rate drops, hard. So it reverts. Then they start memory mining again and then it flips back to 256gb again. The difficulty bounces back and forth, block times are erratic and it is just a mess.
When we hit that wall that drops the hash rate, good. That is what I want.
The difficulty can drop down, but the field won't.
That is why the field doesn't revert.
in my ideal world, everyone would be mining with SSD/NVME
>When we hit that wall that drops the hash rate, good. That is what I want. Why is this a good thing?
Because it means we have knocked out a chunk of memory miners, which are fat cats who can afford big memory mining setups.
I want people mining on cheaper and more available SSDs
Is the goal to remain as decentralized as possible?
absolutely
How do you feel about the current state of the market?
Premines everywhere
Flashy marketing
yeah, it is cancer
which just makes it hard to get any attention if you are doing something original for real
but that is how people operate so can't really be mad
Why do you think no one did this before. iops PoW
There are some hard problems to solve to make it happen
the real trick was in the snow field generation itself, which is basically a nightmare to avoid people being able to checkpoint and generate chunks of it on the fly
you should read the comments in SnowFall.java for kicks
the other part is using those large fields as part of a merkle tree to make a proof
so that nodes validating the blocks don't need the fields themselves
and that involved doing some tricks with adding decks to the merkle trees to make them not take too long to calculate the proofs
none of it was super hard, but it took some thought to put it all together
When you realized it would work
What was your mindset?
I thought this would be a fun project, a way to do some creative real programming work
I didn't even expect this level of success
Can I ask when you first started building for bitcoin?
I used Satoshi dice back in the day. I gambled away what at the time was worth nothing basically
I got into it a little in 2011 or so. Didn't really do much and barely understood what was going on.
I made a little toy app to save a hash in a transaction by encoding data in the last bits of amounts in a series of outputs
then when I understood more I made satoshidice because gambling should be provably fair
no reason in the world it shouldn't be and we had the perfect tools for that
After that I made a mining pool server and an electrum server
How would you react if Youtube influncers contacted you for interviews?
Ivan On Tech. Jimmy Song. Those guys
I'm game. It is hard for me to find blocks of time to do things but I'd be willing.
With lower hash rate you aren't worried about double spends?
not at all. I imagine people will be hashing as hard as they can, it doesn't really matter what the rate is
if they are hashing as fast as they can, unless they control a large fraction they can't double spend
Can you see dedicated mining boxes being sold that don't really give an advantage but are plug'n'play with fields built in
I've been playing around with that idea
yeah, I could see something with an ok embedded processor and an m.2 slot working well
What do you see as SNOWs biggest threat
I'm not really sure, I've countered all the things I could think of
so it would probably be something I haven't thought of
There will never be a team that is paid in SNOW by the "foundation"
Am I right in thinking that?
I guess we could form a foundation and fund it and have it hire people
but if that did happen, it would be from donations since there is no big pile of SNOW for anything like that
No plan for spending on marketing or exchanges out of your own pockets?
I know thats not "decentralized" but thats an uphill battle without it unless community steps up a lot
Clueless and I are personally funding a few things, like this slack subscription and an android client
Thanks for that
I will be meeting Jameson Lopp in 2 weeks. Would you like me to ask him anything considering BTC design decisions that you might be curious about?
I'm going to try and shill SNOW but its not an alt-coin friendly crowd, as I'm sure you know
Good luck and thanks for your efforts
Prefer chris deros bitcoin uncensored he'll ask hard questions lol
What about UTXOs in blockheaders. Doesn't that make it easier to spam attack or something like that?
Utxo in headers allows for giving proven answers to lite clients. I don't see how it would have anything to do with spam.
It also makes it easier to be sure that the nodes all have the same concept of what the utxo set is.