Welcome to the SuperNET.
This week we’ve got the usual roundup of news and developments. The tech is coming together, as James writes: ‘It is getting very close. The core, GUI and windows are really three totally independent projects, but they all need to come together to get a windows release. This is happening.’
James own role could be coming to an end as the core functionality nears completion. ‘I prefer to just make a decentralized self-organizing topology network that allows individuals to remain private and offer services without worrying about all the details cuz it just works.’
TopicsWallet updates
Agents
Dev assets
MGW agent
InstantDEX agent
PrivateBET agents
Crypto777
Discount on CORE assets
SuperNET Services Updates
- Jay
- Cryptocard
- SkyNET
- Pangea Poker
- Freemarket
CORE Coins Updates
SN Related
Drachmae
- SNRN
- BTCOR
- Altnuts Mining Pool
Wallet UpdatesSuperNET Litewallet v2.0.5-betaLitewallet users: update to the new version at
https://forum.thesupernet.org/index.php?topic=545.0. The Litewallet offers the most user friendly SuperNET experience and includes the MGW multiwallet.
SuperNET NRS pluginYou can use SuperNET as a plugin to the Nxt NRS (the standard Nxt client, rather than the dedicated SuperNET release):
https://nxtforum.org/lite-multigateway-releases/supernet-nrs-plugin-v1-0/. Extract and save the plugin component to your NRS client, and simply use SuperNET as a Nxt plugin.
SuperNET NRS 1.5.12 updateAfter the 1.5 hardfork, there have been a couple of updates. To gain all of Nxt’s and SuperNET’s functionality, you’ll need to download the latest SuperNET client:
https://nxtforum.org/lite-multigateway-releases/supernet-v1-5-12-1/AgentsAgents is James’ dev-friendly plugins system. It offers an easy way of creating new features. James writes, ‘I released Lchains MGW, so far not so many bugs at all, and I got the InstantDEX ported into new structure in 2 days. That includes making cgi, which I never did before. Need to debug it, won’t take long. Then we can get a GUI + core to test on unix. When Windows has SuperNET, then we can make a one click installer. My work is almost done.
‘With agents, especially supporting many languages, I just need to be advising other coders, instead of having to do it all myself. It is like completing the operating system, but there are not so many applications yet. That is why I am making reference applications like MGW, InstantDEX, etc.
‘echodemo is 50 lines of code, but it has all that is needed to make an agent. If you can parse and process JSON, that is all an agent needs to do. It is a JSON processor: JSON input -> JSON output. The agent system automagically gets the inputs from the entire SuperNET and returns the output to where it needs to go. All the networking is abstracted out of it.’
If you want to join development, join SuperNET Slack channel #agents.
Dev assetsSuperNET will be issuing SuperNET Dev assets / “carreer assets”.
The dev will own 90% of this, SuperNET 5% and 5% is dividended out.
100% of a devs earnings from SuperNET is pushed through this asset, so investors can for the first time directly invest in the future earnings of a specific dev. Also, each dev will have a high priced sell wall, so people that want to donate can just pay the above market price.
More info:
https://nxtforum.org/unity/supernet-dev-assetsJames writes, ‘Last year I had this idea for artists/athletes, but they are entangled in real world contracts and agents, and therefore problematic, also making sure that they honor the dividend commitment is even more problematic and would require real world contracts.
But the basic idea is sound, ie allow a talented professional to capitalize their future revenues. This allows such a talent to avoid the "starving student" years by selling off part of their future earnings. It also allows investors for the first time (!) to invest in a specific dev, instead of the projects a dev is involved in. Granted, these assets can only assure investors that revenues from SuperNET are paid out, but since it is based on trust in a specific dev, the asset is directly related to the trustworthiness of the dev and his/her future potential’.
Dividend sentBTCDdev and longzai assets have been sent to SN holders as SuperNET Slack reached 777 users.
MGW agent
James now uses Lchains to make deposits to MGW. Integrating Lchains makes it significantly faster: ‘Tx 14981284329551545928 is the first automated Lchain MGW deposit. I still need to get the stats reporting fully debugged, but withdraw is the next (and last) thing needed to be done for MGW to be ready for larger scale testing. Latest really really fast ramchain has regenerated 300K BTC blocks in 10 hours. Since it used to take more than 10 days, this is quite a speed boost and also enables debugging at a much faster cycle.
‘I added the ledgerchain code to the (literally) 7th iteration of the ramchain generation. It still will take some minutes to restart from scratch, but if that becomes an issue I already figured out an instant start solution.
‘I had to get the BTC MGW not only working, but fast to run and fast to start and fast to regenerate. These actually are three completely different problems and each one not so easy, but the latest solution is getting close to the "speed of light" type of barrier where I can’t see how to make it go much faster. Maybe someone smarter than me will find ways to make it go even faster… oh, it uses a lot less RAM too. When the code is really optimized, both the algorithm, resource usage and code, then it starts becoming harder and harder to improve it.’
Lchains are the evolved form of ramchains in which ramchains are used to create another layer of data, i.e. the ledger. Learn more about Ramchains here:
http://nxter.org/?p=7826Test itBTCD Lchains MGW is ready for testing. The same code for BTCD MGW is used for BTC MGW. Instructions:
Install BitcoinDarkd:
git clone
https://github.com/jl777/btcd; cd btcd/libjl777; make dependencies;
make onetime; make btcd; echo "{\"secret\":\"randvals\",\"userdir\":\"$HOME\"}" > SuperNET.conf; ./BitcoinDarkd
then get a deposit address: ./BitcoinDarkd SuperNET '{"plugin":"MGW","method":"msigaddr","coin":"BTCD","userNXT":"NXT-KAK4-SDL7-DHGT-9W37B","broadcastflag":1}'
The JSON cannot have any syntax errors and it needs to be a valid btcd address. The message cannot be encrypted.
./BitcoinDarkd SuperNET '{"plugin":"relay","destplugin":"MGW","method":"msigaddr","coin":"BTCD","userNXT":"NXT-KAK4-SDL7-DHGT-9W37B","broadcastflag":1}'
The above is the proper syntax to query the MGW servers via the relays.
Small fees to cover server costs‘MGW [Nxt asset ID 10524562908394749924] has a valuation that is 10% of InstantDEX, actually a bit less due to server costs. I added a bit of withdraw fee (0.05%) and nobody complained, so maybe it can cover server costs from there’.
InstantDEX agent
InstantDEX (Nxt asset ID is looking great:
James writes, ‘I predict I will reach code complete (meaning only bug fixes left to do) for my portion of InstantDEX on / - what day is today? - / - [tuesday] - / - cool. I think I am at code complete’.
‘The first version will be limited to a few thousand nodes. There are other components too; still a wider scale beta test is hopefully possible soon as the MGW servers are being configured, windows actually got past init and recv packets and the GUI is looking good. Quite a few parts to put all together and we will need as many testers as possible’.
It is still unix only, if you’re interested, join SuperNET Slack channel #testing-instantdex
‘The advantage to testing early is that you will be able to take advantage of the arbitrages that InstantDEX will find automatically for you. I still have improvements in the core I want to do, but I think I can do this as the rest is being finished. I don’t like the long time it takes to regenerate orderbooks, but from the Lchains work I have a way to realtime update NXT tx so it takes no time.
Once I use that for the NXT AE orderflow, then it should be able to create orderbooks in less than 1 second. That and making a dynamic topology for efficient native InstantDEX orderbook propagation. I hope to get both things working this weekend, just might be a long weekend, but when it is done, then we will be able to handle thousands of active InstantDEX traders.’
Cryptosleuth, working on the GUI, writes, ‘I am trying to make it so mostly everything can be customized. The charts on the right you can switch between candlestick/line/areaspline atm, and I am thinking of some other things you can put in there, like combining two to make a mini orderbook/place order window to trade multiple markets easy. I haven’t spent much time on extra things that aren’t needed at GUI’s core.’
You can get a feeling for the iDEX experience in this video:
https://vid.me/LVzaPrivateBET agentsBtcddev will be writing a set of C-based agents. The decentralized relays will act as a clearinghouse of all available bets, results, etc. By using the agents method, the problem is divided into several pieces, each becoming a single purpose agent.
Data feed‘We have the data feed agents, which are there to get (for example) the sports results published to SuperNET - they don’t have to deal with exactly who needs to get it, etc, as SuperNET handles all that. Just get the data and publish.’
Privatebet‘Now, SuperNET has this data about the sports events and any client with the Privatebet client agent will be able to browse and subscribe, but most importantly the end user will be able to post privatebets, and all the other privatebet clients will be able to find all the available privatebets. Then, similar to InstantDEX direct peer-to-peer process, they will verify terms, lock funds, and then when the event is completed release payment to the winner.’
Cashier Agent‘There will be a generic cashier agent available to all the other SuperNET agents, so the process of payments is abstracted. At first it will need to be for the same currency in matched amounts, but later I will allow matching X amount of this currency for Y amount of that currency. Of course if the market moves, the value changes, but this is part of the fun.
‘The handling of monies can of course be monetized using the golden rule. Just a percentage of bets to be kept, and the privatebet itself is not needing a bankroll.
‘When the privacy agents become available, betting will be private. In the meantime if you are in USSA please don’t use this, as it is most likely not allowed. Unless you are in Las Vegas, or one of the 14,000 Indian casinos...
‘Since there isn’t a lot of liquidity on the sell side, I can offer bulk amounts direct in BTC or NXT, 1% discount from market price per BTC to a max discount of 20%, but only for a limited time and total amount. PrivateBET [asset ID 17083334802666450484] is majority owned by NXTprivacy [ID 17911762572811467637], which SuperNET has 25% stake in.’
Crypto777DividendJames has donated a significant proportion of his new Crypto777 asset (id: 13476425053110940554) to SuperNET. 7.5% / 7.5% / 5% has been donated to SuperNET / NXTventure / JLH, and 24%+ has been sent into the SuperHODL account.
James writes, ‘Yes, I did just put in nearly half of crypto777. It is now the fourth core asset and I didn’t want there to be any resistance for its usage within SuperNET. What is good for crypto777 is good for SuperNET. The crypto777 donated to SuperNET has added around 30 NXT to UNITY’s NAV’.
Crypto777 is a pipeline asset, and the dividend won’t be made for some time. ‘Current AE orderbook sells need to be cleared and the tech needs to be in beta release or very close’, James writes.
How is crypto777 going to be monetized?
‘There are several ways it can be monetized. It is not officially out yet, I just had a bit of spare time so wanted to get it all in place. It will take some time to get ramped up for the selling of services. It is not a short term thing.
‘The backed and pegged system aims to make a blockchain-enforced mechanism to allow people to get interest on their crypto holdings and there will also be a bid/ask spread built into the blockchain, so these are two sources of monetization.
‘Additionally my idea for providing crypto consulting services to fiat companies, especially with tech like Lchain, well just a few big contracts and it will be making for quite a large cashflow. With the agents system that I will extend to have crypto777 primitives, customizing private blockchain (or even nochain) will be much more efficient than making something from scratch.’
Crypto777 aims to ‘be the tech that solves the final unsolved things about crypto’:
- Blockchain bloat
- Price volatility
- Inconsistent blocktimes
- Too easy to get hacked
‘With the new SuperNET agents system, I am seeing how many parts can be done in a nice and simple way and reducing the scope of the remaining issues, but this is not an easy problem to solve, as a fully decentralized fiat peg is kind of hard to do. Consensus Research (andruiman and kushti,
https://nxtforum.org/consensus-research/) is helping from the theoretical and math side and will even be doing a white paper, which everybody seems to like so much.
Job offer to technical sales creature‘I am seeing literally dozens of companies getting millions of dollars, and the tech they are needing doesn’t seem to be very much advanced. So, I think with the crypto777 agents system, it would be possible to create customized solutions for corporates, especially the ones with tons of VC money and not enough devs.
‘I need somebody to take the lead for developing this service. We can offer fixed price contracts (for projects with very high confidence levels) so there won’t be any budget risk.
I think contracts in the $50,000 to $100,000 range are possible. Such contracts at first would need to be done by myself, so clearly can’t get this sold in the near term - then again, maybe if we had budgets like that, we can hire coders to work under my guidance. Net profits would be going out as dividends. So if you have experience with technical sales to corporates, contact me.
‘I think some sort of bounty for business brought in and/or percentage of deal flow makes this worth the while for someone who already has the contacts. And if you have experience managing dozens of coders doing half a dozen projects, then this could ramp up into a nice amount of business.’
1%-20% discount on core assetsJames writes, ‘I can offer a discount of 1% off of marketprice per BTC, up to a max of 20% off. I accept BTC, NXT, maybe even other things’.
‘Short term I think NXTcoinsco/Tradebots will be pretty good, medium term NXTprivacy or Privatebet, and longer term crypto777. Maybe allocating among these would be a good balance of risk/reward. I can make a single bundle for you at the standard discount.
‘Tradebots/NXTcoinsco gets 30% the revenues that InstantDEX asset holders get, so from a valuation standpoint it is worth at least 30% of InstantDEX. Additionally it will get monetization from the tradebots leasing that it facilitates, it might even do some trading itself. Other than NXTprivacy I think it is one of the most undervalued. But NXTprivacy is further out, so it is longer term hodl.’
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