883
edits
Changes
Jump to navigation
Jump to search
Since 6) register names you can use (if you register a brand name please consider giving it to the brand owner if they ask, this coin had no premine or set aside helps the economics are different as there is no insider looking to dump presale coins or something because they don't exist. network)
All exchange activity so far has been community driven. There 7) imho best early tokens will be game and experiments - fun things — this is no official party with an authority to deal with exchanges-/ that doesn't mean no one has still early stage and experimental — will be ready for things like securities once lots of testing in the power --- it means everyone has the power. This project belongs 100% to the communitylive world — don’t take unwise financial risks -this is an experiment!- it was created by a community have fun and remains that. build something cool
So anyone wishing to list this coin or do any other economic activity == 05 Oct 2018 - go for it. Discord 2 == The entire structure of ravencoin is VERY different from almost every other project literally belongs — so it takes a lot of learningThanks to you as much as anyone if you are reading this.all who participate
Securities tokens the thing is that Ravencoin is a protocol not a company — this is why no partnerships -// not because they aren’t valuable but because they are not necessary Ravencoin doesn’t have partnerships with multiple share classes companies because 1) there’s no one to make such a partnership 2) the companies and devs wanting to build on this don’t need anyone’s permission - they can just build
Game items that can This is a good model — imho it’s the best model----Finding the right balance of how much to talk about this project is hard----Software is allowed to be removed from a game and printed onto a paper wallet centralized.
Activist tokens which can be divisible and with built in messaging When people say this isn’t it’s not because they are lying to pretend something — it’s because it’s accurate.---- so you can split a coin in The main misunderstanding seems to 10 and give it to 10 friends who will all receive whatever message be that ravencoin is controlled or directed by Medici or tZero
The possibilities are endlessIt’s just not the case
== 2 Apr 2018 - Discord 2 ==Discord channels, like other aspects of Ravencoin, don't have This isn’t some claim that someone is trying to make to comply with some rule — its the actual truth. Also there is no law that this would be relevant for — the idea that a centralized authority or controller.company working on an open source project “makes it a security” is silly and it’s super insulting
ICOs, scam-coins and centralized Whether raven is centrally controlled or has corporate coins have controlled involvement / oversight / investment etc do not make it a security anyway — that entire line of thinking is based on faulty logic and managed chat channels run by paid marketing employees. not understanding now Ravencoin works or was issued
Anyone can set up Even if it had one person as a ceo and even if that one person worked for Medici it would not matter —- still not a chat, there is no "official" anything other than the Git security----my time doesn’t belong to you. Usually when people write articles and websitemention someone they get quotes from them and check for accuracy first —- I do what I can to give accurate info.
If a majority of I waste hours on this and the community prefers one admin / mod style they can migrate to any banned. If various groups from who have competing ideas or preferences then multiple groups can form.only result is time wasted
Many people are so used to centralized scam coins that they don't know what to think when they see a real open source coin.
The internet is messy. The opposite of control is chaos. So some chaos is inevitable. But It doesn’t matter if something it doesn't affect the protocol in any way.centralized
This is as intendedThat doesn’t make it a security
It will all even out and work wellA coin being centralized or controlled by a company matters when the company or coin raises money - a project like Raven is completely different
Have faith in the wisdom there’s nothing whatsoever “hinging” on that — that’s crazy talk. No reasonable or knowledgeable person I’ve heard of crowdsconsiders RVN a security. If they do then :shrug:♂️ Litecoin and Bitcoin would be as well. It’s insane ... no — not at all. Ridiculous This all stems from people who don’t understand securities
Does Bitcoin have There’s tons of info out thereNot sure why people assume a conspiracyThere’s no one “at the top” There’s no one “worried” It’s REALLLY key to understand that this is an official chat?open source, decentralized project —- there is no person or people or corporation running it There is no conspiracy etcPeople just work in their own interests
It's hard to have no one in charge and seems chaotic to >>>>Ravencoin is not have control. Many corporate coins have antiseptic and controlled chats which regularly censor criticism.an entity at all <<<<
the only thing official What matters is the code whether ravencoin can and website.does work
The roadmap and white paper is an implementation that a group of devs supports --
Yes -- but KYC/ AML isn't part of the protocolCrap projects have an interest in promoting “partnerships” and stuff — actual protocols don’t
Ravencoin will allow easy creation of assets such as tokens''(In reference (I think) to Medici / Overstock / RVN)'' I’ve said 100 times that they aren’t related — even made videos about it
Anyone can post a new ANNRvn is better than ever - amazing - one of the strongest projects ever
There's no "core" reallyBecause raven isn’t like that and isn’t a corporate project with “deals” and “agreements” / joint ventures and that kind of ico crap
you seem to think I have some special powers -- it's your coin as Medici donates dev timeWhich is great But people assume much as it more of a corporate tie Which is mjne.a shame
Well if so then that's even more reason to not do it. :smiley: the "core team" is anyone who wants to be.Not a gift from MV
This isn't hand waiving -- it's the structure of a real decentralized open source project.
There are no leaders or authorities. Only merit and individuals choosing who to follow and what code to runMV gifts some dev
I choose to support this project because it's decentralizedBig difference
There are 1000 corporate coins who have very neat and clean comms channels: everyone agrees, a few people decide on a message There’s an impression that tZero and raven fit together in some special way or work together or that one platform is being designed for the people are fed a line.other
Anyone can create these tools''(In reference to an article speculating on the connection between various OSTK / MV projects and RVN)'' thanks! I’m not a fan of the screen shot from discord — I’ve tried to make clear many times that the projects really are not related — that screen shot taken on its own and out of the context of its convo seems like I’m winking and being coy or something imho Basically it was in reply to people who think the opposite: which is that tZero has nothing to do with rvn and will never list it because they are competitors or something Neither is true It’s really not a corporate coin -/ existed before anyone at tZero heard of it and before I joined the board There’s no team of folks at tZero working on raven and it defiantly wasn’t designed by tZero or created for some tZero purpose
There is Yes but ostk owns a mess of stuff and there’s no central authority over Bitcoin commsIt's impossiblemajor direction from ostk to any portfolio cos to support ravencoin
Ravencoin is YOUR coin. It is TZero and ravencoin are much less related than people assume == 23 Sept 2018 - Baltic Honeybadger 2018 Bitcoin conference ==Title: Global Ledgers: Scaling & Capacity for Legacy Securities Systems in the Age of Atomic Swaps Conference: Baltic Honeybadger 2018 Bitcoin conference, Riga, Sep 22-23 Bruce talks about the peoplehistory of securities, it's coincurrent problems, and block chain. Talk at: https://youtu.be/D2WXxgZ8h-0?t=1h48m23s Slides at: https://threadreaderapp. A real open source and decentralized projectcom/thread/1043833386257854464.html
The decentralized nature enables this coin to do WAY more than a centralized corporate coin or ICO can do.
Look Bruce Fenton (Discord): I didn’t mention Raven because as soon as you mention a specific product at the results!!certain events people stop listening and are closed minded Also so many people don’t even understand tokenized securities that it’s best to explain that first Once they understand this concept then Rvn makes more sense == 12 Sept 2018 - Telegram == Bruce Fenton:Because this is protocol development not something like an ICO scam Ravencoin is a protocol — that’s it — it’s software
Look what you badasses have built in less than 3 months!There is NO ONE to “make announcements” or “sign partnerships”
NO ONE can duplicate It’s open source - for all community members to contribute how they wish — this. IBM has spent $4.5 billion on its internal blockchain and we beat them in EVERY metric that matters: better code, stronger network, bigger community etc is a VERY VERY different model than centralized projects who did ICOs etc.
Why? Because If you are expecting centralized sales, marketing, announcements — that will never happen with this project and people can smell authenticity a mile a way. Then should know that the hundreds of scam coins don't actually belong to them. This coin does.
Your efforts in Ravencoin are building what you wish - What the strength of this project will not depend does do is focus on 20 marketers or lawyers in some ivory tower office but the efforts of the thousands of people who've put in time, resources building secure and useful software— anyone can contribute and sweat decide if they want to build this this. run that software
With this grassroots decentralization we have some drawbacks but overall massive advantages. == 25 Aug 2018 - Discord 2 == consensus works in open source by open discussion over what code to run
This is why we will prevail.
We Everyone should contribute to the discussion There is no division between devs and non devs - there is no special authority who bestows the title “developer” - it’s just based on what code people run and who decides to run what they choose So we don’t say “just do what the devs say” because there are likely no specific “devs” with any official role - just people who have done a lot of work and implemented the fastest growing network vision in history of crypto. the paper Anyone can be a dev Anyone on this page can write code And call themselves a dev No one has authority over any other We are the users and holders have the authority by deciding what code to run So if you say “trust the devs” the first question one needs to ask is “who? / which devs” The way to flush that out is by discussion Open and free discussion There’s also a top 10 of fairly mined coins in 3 months.no special authority for any other person - no ceo or founder or master node or author or dev has special power or authorityDecentralization works.
The wisdom of But main point is that this crowd is stronger than any 100 peopleopen source — there is no authority
Together we can do amazing things. Wish not for leaders or control. Instead make the changes you We don’t want and ask for help.to ever discourage discussion — especially over security related issues
No one All this project is is a group of people choosing to run code based on what they think Ravencoin means and what code is effective for that definition — every person has any power the right to discuss what they think that vision is or means ---- The term hoi polloi is funny but it’s the antithesis of what open source is about — there is no “commoners” or higher class of people There’s no special category called developers It’s not ideal to say that people should defer to devs — that’s got a lot of issues I can explain — what if a new dev joins tomorrow and creates the code to change the supply to 5 trillion with an insta mine of 1 trillion to himself and burning all addresses bringing in R5? Would you don't also have.say “stay in your lane, don’t discuss forks”? Of course not - it’s not what the coin is If you want something It’s super relevant and key to discuss things like hard forks — any hard fork changes the consensus mechanism and the rules which everyone on the network previously agreed to happen don't wait So it’s really a big responsibility for permission. You have it. Just do it. every user to know and care what all code changes are
Tuesday will be There’s also a Roadmap HUGE difference between non technical people discussing technical matters and an expanded paper based on a combo of the original Medium article and the roadmapoverall DESIGN matters
there are drawbacks to a decentralized system like You won’t see me talking specific code almost ever — it’s not my area of expertise But overall economics, functionality and design is an area of expertise I have for this -- but advantages as well. No coin — Andy one does can develop expertise and have opinions on the direction — anyone can choose to listen or should have controlnot - and run what they want based on a combo of vision and capabilities and functions with the specific code
some advantages Ravencoin will have to token issuers over Eth:
- more secure chainWell this is why consensus is so important
- more censorship resistant Just something to plan for — for the future
- simpler / more elegant
- native in We can all continually improve the protocol quality of review of code changes
- will allow dividends Bitcoin
- will allow messagingBitcoin system has worked best and that’s what Ravencoin is developed after
It's the next gen
Ravencoin plans to integrate RSK --
Advantage is shorter block time Bitcoin has made many leaps forward on this - there are lots of contributors and that it's native to the protocol -- but for smart contracts RSK will eneable solidity to work on the Ravencoin blockchaindiscussions
ASIC resistance and a wider and more fair distribution is another advantage of Ravencoin.
By this time period in Bitcoin's history the coin had less than a dozen miners. We have thousandsThis @name — well one thing is one that there isn’t and shouldn’t be much of a line between “devs” and “the community” —- devs ARE the most widely distributed coins if not THE mostcommunity and the community is devs in this project — there is no separate wall
the protocol won't be ready to issue tokens on for 7-8 months or so. But the network is already very strong and will have a lot of appeal
Securities tokens are one of the key use cases and reasons Ravencoin was created
Securities tokens are my main focusYou don’t need to just “speak with a Bitcoin dev” you can BE a Bitcoin dev by simply submitting code Secret sauce of Bitcoin is no leaders No authority Consensus Same with Ravencoin-
I think everything will be tokenized
Especially interesting is small companies who can't now go public on old markets but will be able to using Ravencoin
And also conventional asset managementThere’s some bad habits from ICOS where people come in to protocol projects looking for leaders or thinking a central authority makes all decisions
Many exciting areasIt’s wise to plan for contentious forks
SEC regs are misunderstood by almost everyone in the spaceIt’s wise to plan for contentious forks
Things like lawyers will be the market not part of the protocolAnd have healthy debate over all changes
Not Tron:x16r is the hashing algorithm, and is different than the difficulty adjustment algorithm. It will still be x16r. The difficulty adjustment tries to make it so it is 1 minute blocks no matter how many cpus/gpus are mining. Currently it adjusts by looking back 2016 blocks and making a percentage adjustment to bring it inline. There is a smart contract 4x limit, which we are close to hitting. It isn’t good but native to the protocolit shouldn’t get much worse.
Sure real estate or any asset anyone wants
To issue
Game currencyTron:RVN will still be RVN. The problem is that anyone that doesn’t upgrade when the algo switches over, will be on a different chain. Imagine the problems if CryptoBridge doesn’t upgrade, or Cryptopia, etc. and they have a different view. A hard fork is just a software upgrade, but it is really important that certain nodes upgrade. SecuritiesWe have a managed upgrade already scheduled for the end of Oct that lets everyone decide on their own whether to upgrade and when enough mining nodes have upgraded, it seamlessly switches over at a set percentage.
Also unique assets
yes with any offering issuers will still need a legal team Tron:No, shorter block times aren’t the problem. Rentable hashpower, and offering management (not from the protocol but multipools which auto-redirect hashpower to the market)most profitable coin makes it more difficult to calibrate. That’s what changed.
not a SDK but native abilities within Tron:The longest chain is the protocol itselfwinner. We just need to make sure it is crystal clear which one that is. If we have 1/2 mining power on one chain and 1/2 on another, it gets murky. If that ever happens, just don’t transfer RVN during that time and you’ll be fine. And, if you’re mining, make sure you’re on the longest chain.
So user will be able to issue:
100,000 token shares of Janes Startup
17 Platinum Swords of PowerTron:DGW will go a long way towards that. We actually want increased hashing, we just don’t want it coming and going in multi-day intervals.
1 Mona Lisa Token---- Tron:I don’t think miners using a pool will need to change anything. Just make sure the pool you’re using has upgraded whenever the software is upgraded. Make sure you’re using the latest version to view/store/transfer your RVN.
Etc
You won't get dividends Tron:Yes, unix (linux), Mac, and Windows. We need to make sure the client cross-compiles for holding rvnall of them.It will be paid by token issuers to token holders
Rvn willl be burned for users Tron:Yeah, there were some awful asset names. I imagine that some of the web explorers and asset marketplaces will want to issue or name tokensrun names through a filter.
The assets Tron:There’s going to be lots of interesting opportunities. I think someone will be on the rvn chainbuild a marketplace for asset names.
Right holders have to trust each issuer if they claim there We’re hiring like crazy. Most of our hires are for tZero, Medici, and Bitsy. If you’re a great developer, you should apply. Bruce is an asset backing itin NH and he visits Utah and we visit him in NH.
No no
Only for physical assets
Real worldTron:Yes. I don’t know how trademark rules would apply. I fought two trademark battles where I felt I was in the right. I won one, and folded the other against a giant “perfect” word processing company.
Virtual items like digital currencyTron:There is support for that. I’m not in favor of that, utility and game currency or items would stay digitalin general, but it did make sense for our asset hard fork.
Providers of legal Tron:I hope not, because I think it would devalue RVN, but it is certainly a possibility. Interestingly enough, anyone who had RVN before that fork would have RVN and KYC services willl RVC, but I still think it would would be able to easily integrate with rvna net negative overall.
Ravencoin doesn't compete with Polymath - Tron:Sometimes it is cheaper to mine, and sometimes it is cheaper to buy. Right now it's is cheaper to buy — until the diff adjusts. I wrote a separate type of thingpaper on how the two are interlinked. https://letstalkbitcoin.com/blog/post/bitcoin-value-and-mining-difficulty
Poly has said Tron:Bruce and I agree that it doesn’t need shilling. Eventually, we’ll need to let more people know it exists and that it is a platform they are chain agnostic so can use rvnbuild on, but that isn’t even true until the end of October when assets activate on mainnet.
Unlike EthTron:If there’s a Raven Classic, Ravencoin was specifically built for the purpose of issuing tokensit probably wont have asset support.
Using RSK solidly Ravencoin will Tron:Yes, we would like RVN to continue to be able to do everything Eth can doviable cash. We hope it gets used for rewards (paying all holders of your token in RVN), and for on-chain atomic swaps (paying for assets with RVN where the trade happens all at once).
the published policy Tron:I’m not 100% sure. It seems like we’re in a bear market — similar to 2014-2015. Some of it is being sold to change buy into RVN, EOS, and ADA, or into ICOs which are still going strong outside the algo to break asics if they are createdUS.
no asics DECREASE security because Tron:I agree - kinda dumb. It is a completely arbitrary line. Enforce rules against outright fraud, but let everyone invest their money any way they increase centralizationchoose.
Asics make mining less distributedTron:I think there will be sites listing assets for sale. We’ve put “forsale” and “forsale_price” keys in the metadata spec for this reason. Brokers could scan the chain and the meta data to build a website for exchanging asset names.
actually they make a 51% attack easier because asics tend to concentrate mining in the hands of a small number of giant miners with data centers
Bitcoin can be 51% attacked by compromising 4 people or soTron:https://github. com/RavenProject/Ravencoin you'd need to compromise an army of Ravens with their gpus/blob/master/assets/asset_metadata_spec.md
<name removed> users acquire rvn and use that to create assets or pay dividend
once someone issues Tron:I will share the scripts to allow anyone to register any names they want. I’m excited to see what gets registered. ----Tron:Sending assets will require a small RVN fee. I’d love to get rid of the fee, but it opens up too many attacks that don’t cost anything. ---- Tron:It’s been wonderful chatting with all of you. Thanks for your support of RVN. I’m working on some python scripts that’ll let you create batches of assets (with associated meta data) from a Google spreadsheet or csv. I’ll make them available next week for everyone to play with. It’ll make it easier for anyone wanting to register multiple assets. == 03 Aug 2018 - Telegram == ''Some interesting posts from tron on telegram'' Tron:http://raven-blockchain.info/ext/getmoneysupply is stalled on an old block. Needs to be switched to: https://ravencoin.network/api/supply ----'' referring to testnet launch''Tron:Thanks. We had a few glitches that we're fixing, but overall it seems to be performing as expected. ---- Tron:Brace yourself. The limits of free speech are being tested. FREEDOM!!! ---- Tron:In the qt, go to Help->Debug, then the console tab, and type listassets ---- Tron:I'd be interested in knowing which ones it doesn't fulfill. It is portable, fungible, divisible, durable, transferable, and limited. USD is 5 of those 6. ---- Tron:Michael Any wallet, explorer, exhange, etc. can use the .png. It likely will not be built into the reference client because we don't want to be downloading and showing the types of images that could be added. If you've looked at the list of assets created on testnet, you'll understand our concern. ----'' referring to facilitating adoption''Tron:Adoption - ease of use, cross platform (Windows, Mac, Linux, iOs, Android) , and secure. ---- Tron:We hope assets will be tradable on decentralized exchanges. I think this will happen organically as soon as some real projects are using the tokens. ---- Tron:Medici has investments in about 14 different companies. I expect some of them will be able to use RVN, but RVN is not being developed in support of any particular project. It has larger ambitions to be a platform for asset issuance with multi-OS support and much easier to use than ERC20. ----Tron:Verhoven RVN should be a currency. We want it to have a value because phase 3 will allow paying token holders in RVN. Imagine a project that's profitable where the early supporters are rewarded (with RVN) based on the percentage of tokens they hold. ---- Tron:I'm not allowed to talk about tZero stuff. ---- Tron:I had experience with Counterparty, Mastercoin, colored coins, and open assets which had similar capabilities on top of Bitcoin. It was secure, but clunky because some bitcoin had to be sent with every asset, and the fees became prohibitively high last year. We've been able to fix these issues because we can make adjustments that the core Bitcoin developers can't make. ---- Tron:The ideas behind the project and using the blockchain for tokenizing assets came from Bruce Fenton, as well as the project name and logo. ----Tron:I'm in talks with the leadership and developers on that project. We've agreed that Ravencoin is great once they're tokenizing the land. First stages are about recording ownership and Ravencoin doesn't fit that use case as well. ---- Tron:I've talked to lots of companies about their projects on RVN. Two game companies, one tokenized real-estate company, and a VC company that wants to do tokenized Reg A+ offerings. ---- Tron:I created a crypto accounting system called CoinCPA -- look for the podcasts from 2014. I was an early employee of Tzero. I'm a Tzero advisor. I worked for crypto company out of Hong Kong. I've helped Spera, and Bitsy which are portfolio companies of Medici Ventures. ---- Tron:I do what they have some coins. If anything bad happens to the Ravencoin chain, it will affect me personally. ---- Tron:It's exciting. I'm a huge fan of everything that's happening in the crypto space. I think the Ravencoin community is the best! I feel honored and blessed to be a part of the project. I really want with itto succeed. ---- '' in reference to some significant purchases seen recently on cb ''Tron:I can say for certain it isn't me. It really don't think it's Patrick. I don't think it's Bruce, but I don't know that. ==31 July 2018 - Discord 2 == Reminder: careful using testnet and wallets etc - someone WILL lose money because they get confused, send real coins to the wrong place only use if you know what you are doing :smiley: ----I propose that we as a community voluntarily white hat any major names like Google -/ hopefully if the real Google wants to use it the community member will give it to them at cost — but that’s optional of course----There isn’t any way to pre-reserve or verify names----But we can cooperate to register good ones---- No first dibs :smiley:----White hats racing against squatters ----Testnet will give people a chance to see what has been built and will also allow more contributors to easily contribute and do security testing because the code is published and everyone can be on the same page Testnet also allows 2nd and third layer developers to see how the protocol works and build and test apps Since the network was built first with ravencoin we already have a massive head start when mainnet is launched (versus if the network genesis and the asset layer were launched together) This means that since racencoin already has tons of users, community members and interested parties the usability of the asset layer capabilities increases There are a lot of us in the community who can test and build on this protocol So - when mainnet launches :rocket: there will be a lot of people ready to jumpstart that network and build on it I predict a lot of asset names reserved right away, sell (it, run will be like domain registration races / land grab) When mainnet is launched people will be able to immediately create real assets which will be verified by the ravencoin blockchain == 29 July 2018 - Discord 2 == We had mini raven sculptures hidden all around the Satoshi Roundtable == 14 July 2018 - Discord 2 == Ravencoin as a real open source & fair launched project will never have the captive marketing budget of an ICO — but those projects will never have the tech depth or STO, put it in scalability that the Ravencoin protocol has. ----Icos as we know them will not be as big as securities tokens == 12 July 2018 - Discord 2 == The dlr is a different thing - it’s a game or whatever they choosespecific tool to help crypto interface with existing wall st touting systems Aside from this Tzero is also an exchange which will trade security tokens ==11 July 2018 - Discord 2 == Just one solid exchange would be very relevant
To be clear: the Ravencoin protocol will support RSK / solidity but ALSO have a native capability built in which makes it easier for many use cases
And has Rvn took a path more capabilities like messaging and dividendsBTC or ltc ---- I think an exchange will happen
<name removed> once someone issues There actually is a token they can do what they want with it: give it away, sell it, run an ICO or STO, put it in a game or whatever they chooselot of raven marketing - it’s all pretty much done by volunteer community members bits be trippin etc
To be clear: the Ravencoin protocol will support RSK / solidity but ALSO have a native capability built in which makes it easier for many use cases
And I think Tzero hasn’t announced exactly how they will make listing decisions — there will be lots of factors Rvn could be appealing to any exchange because it has high interest and volume and is not a security and also its code base is based on Bitcoin so well understood Rvn is an especially natural fit for exchanges focusing on securities tokens == 11 July 2018 - Discord 2 == From @Chatturga Hello, everyone. I bring exciting news about the asset layer! Assuming that everything goes smoothly, the binaries to test the asset layer on testnet will be available for download on July 30th. Additionally, the target date for mainnet release has been tentatively set for October 31st. These dates give the community time to find any issues and for PR's to be processed - with October 31st also being the 1 year anniversary of the first Medium article about Ravencoin. == 3 July 2018 - Discord 2 == Have I mentioned that this is Game of Thrones? GAME OF THRONES! This space is very treacherous and risky - there is a ton of uncertainty. A coin claiming they will “beat Bitcoin” is not credible — neither is it credible to say Bitcoin has a 100% chance of being both global money and the rails for all tokens with zero exceptions. There are a few possible outcomes: 1) Bitcoin becomes the only chain, all projects become sidechains on Bitcoin - RVN and ALL other coins/ projects die completely (possible but unlikely / not certain enough to bet on 100%) 2) Bitcoin dies, other coin or coins / projects serve that need (unlikely) 3) Bitcoin becomes important money and important chain for tokens but other projects survive and serve large or niche markets 3a Raven is one of these survivors 3b it isn’t (This is the most likely scenario imho of the 3 — even if I felt an 80% chance of option 1 then it would still be prudent to support other coins in case BTC fails or in case any can develop a niche which serves one area better than BTC) ----- So if option 3 occurred and raven survived then it could be used in even a “small” niche of the possibly deca trillion dollar token market and end up being very important. Cross chain atomic swaps and lots of other things will make cooperation between projects make sense — LTC is a good example - the project has never tried to be at odds with Bitcoin. Bitcoin was always going to do tokens — that a HQ co like Blockstream is working on this is exciting and validated the entire idea.Just a month ago all the best “experts” were saying that tokens couldn’t be put on Bitcoin or a fork of Bitcoin — this is specifically why I always used Bitcoin not raven in the periscope video examples on security tokens. When we did these demos everyone laughed — well now the smartest devs in the space are doing what we’ve been working on for a while as well (Blockstream has worked on this a long time too) It will be great if both Bitcoin and Raven serve markets in tokens successfully - there are certainly plenty of ways that can work — I also think other projects like ada and eos will have a good chance of surviving and several platforms will thrive for different reasons. Anyway — being that this is Game of Thrones and in the grand timeline of global money and blockchains - we are early in season 1 ... it’s a good time to be supportive of all projects and focus on building great tech rather than “beating” someone.Also — most importantly — Blockstream is NOT a competitor of Raven - Blockstream is a company with investors and some top devs and products etc. - Ravencoin is an idea and some code / software which generates a scare digital asset. So back to the Blockstream announcement ...If this is Game of Thrones here we are over at Raven Tower okay — and Adam Back is like the Maester from Fort Block — he just moved in and says he wants to fight white walkers with the weapon he’s been working on — Okay I could go on :joy:... But seriously, Blockstream is not an enemy to this project - that’s absurd - they are awesome people and high quality cypherpunks and some of the smartest people in the industry. The “competitor” isn’t Blockstream it’s Bitcoin (for tokens!) — obviously Bitcoin is the strongest chain and it’s very unlikely raven would replace it — that was never the goal, point or idea (at least from my personal POV or imho)- the better competitor is ETH who actually has serious weaknesses. Goal as I’ve always personally seen it is to work on this specific use case on a PROTOCOL level to see if it develops advantages overall — it has had some since day one — Just build good stuff and keep focusing If you want to attack someone ETH is a better target but even those folks are pretty cool — better to hope the rising tide lifts all boats!! ----- Yeah no one should care so much what I say — centralized authorities are bad I love this coin and project and community — this is why I’ve given what I think is a fair share of free work to the project — but my activity shouldn’t be so relevant (and neither should anyone else’s) ----- I don’t see it as competition and even if so it would be silly to claim this chain is stronger than Bitcoin - imho far smarter way to look at things is the way LTC and to a lesser extent cardano does: we are all in the same ecosystem ----- I’ve supported raven as best I can and will continue to — I’ve done about 15 speeches and a hundred tweets and 12 interviews and I’ve received death threats and nearly daily criticisms and accusations of being a scammer / pumper because of being such a vocal supporter — I’ve spent hundreds of thousands of dollars of my own money on support of raven — I’ve taken time from my family to fly to meet devs and I’ve spent hundreds of hours on everything from writing and research to design to chatting in forums or answering questions. I receive zero pay and zero special coins or bonus for any work or commentary I do on Raven —Every hour I spend on Raven is uncompensated and I have to skip other paying work to do - If people think it’s not enough or can do better then by all means hopefully they can step up and be spokespeople also — I offered to help others do so a while ago & will make more ppt etc when I can ----- Asset layer test net should be out in July ----- Blockstream moving into this is great news for the overall ecosystem ----- It’s a $40 trillion market ----- Personally I see it as very different ----- Raven is open sourceIf you want to compete with a company you canOr use the code and software how you choose == 2nd July 2018 - Discord 2 == I have over 150,000 social media followers and announced Raven to over 2000 conference attendees at crypto conferences including Miami BTC and Texas Bitcoin Conference It was posted by many others aside from me and retweeted and reposted by many others We had 4500 miners within a week and the network grew so fast that solo mining and cpu rigs were obsolete within two weeks To claim that no one was on the network and that some secret miner dominated the mining is preposterous and easily provably false In the very earliest days the network was widely distributed — the three largest miners (Overstock / Medici and three parties I don’t know who they are) each never reached more capabilities like messaging than 10-15% of hash power —- and that was only for a short few weeks or so in the earlier days Since then the math can easily show that for anyone to have significant network power they would have to spend a significant amount on GPU rigs — the math & metrics behind this are trivial for anyone with a basic understanding of mining and crypto It is simply impossible to have had a special advantage on the launch - all anyone could have possibly done is what early miners did:: take a big risk on early equipment-/ No one had any advantage whatsoever and dividendsthere was absolutely no premine or set aside or insta mine at all This is what is great about this tech - a blockchain is provableI guess at the ravencoin annual meeting we can ask early miners to raise hands ----- Blockstream is a company — raven is a protocol We are not competing with Blockstream
no edit summary
{{#seo:
|title=Ravencoin Wiki: Fenton Files
|keywords=Ravencoin Fenton files
|description=A page capturing some of the chat posts from Bruce Fenton and the core team developers on the community chat servers. Not comprehensive, but covers most of the more important discussions.
}}
This page aims to capture some of the thoughts from [https://twitter.com/brucefenton Bruce Fenton] and some of the core devs about [http://ravencoin.org RavenCoin], it's purpose and future. It's not comprehensive, just some of the interesting comments spotted on the community chats.
__TOC__
== 3 Apr 11 Nov 2018 - Discord 2 ==Note Economics of token creation - raven ends up being exactly the same issuance schedule as Bitcoin but with this perpetual drain on exchanges: total supply in the form of whatever is burned. That-/ and the fact that it’s real 100% pow coins getting burned - that means RVN assets have sort of a neat double POW / a real asset (energy) has been burned to allow assets to exist This gives them value. Not much, it’s tiny. since But it does exist and that’s very different than other projects and very fascinating. ==09 Nov 2018 - Discord 2 == Talking your own book is exactly ethical and legal— especially if disclosed. It’s one of the purest form of ethical interaction in commerce.Some had to not only risk public reputation to support this project coin but also give miners over $ of my capital to get the coins we own. So a miner could have dumped on us and I’d be the one conned.Someone being well known or ostk backing some dev is also not relevant. Oprah or Andreas could mention this coin for five seconds and instantly have more influence than paper authors. If Greg Maxwell came and said something was a security risk, people would listen etc etc. that’s how a real open source there is no central project works. In a fair launch like this it’s almost impossible to have one party have the upper hand. That’s not marketing talk or something to speak pump ravens structure — that’s just the truth.Projects with exchangesa fair & open launch are literally a gift to the users — anything created from those projects is created by fair work to the people. It’s absolutely incomparable to something that raised money. Nothing wrong with raising money by the way ICOs but it’s utterly and completely different from giving away something for free. It’s decentralized versus centralized corporate coins typically . Permissioned versus free. It’s the very core of our industry. A foundational core of what open source / decentralized/ cypherpunk networks can be. Now ravencoin may be stupid, a bad idea, it may fail, it may break, it may have marketers unforeseen problems or it might just be outpaced by any of a dozen projects trying to do the same. All those are potentially valid debates. —- but there’s just no reasonable way to say this project wasn’t fair. It’s provable on the blockchain that this was the most widely participated in and others who serve fastest growing network in history. One may think raven is a weak project but it’s fairness is completely undeniable— if someone doesn’t believe that then they either don’t understand or believe in crypto or they don’t fully understand how this roleproject works. By the way:: we need to spread that far and wide. People should understand that this is their project — anyone can build on it All this work we’ve done:: it’s free! All the code, the network — all that’s been invested — it all belongs to all members of the community. Anyone can use it and any one can benefit from this network. Now for 500 RVN you can create a permanent asset backed by this absolutely massive amount of hashpower. That asset can do all kinds of cool stuff. This is amazing. People don’t even see it yet. The structure is a key part. No leaders, no rulers, no centralized parties. That’s best practices. It’s harder. ==17 Oct 2018 - Discord 2 == New folks be sure to 1) download the latest wallet - recognize that this is YOUR project - it’s open source and NOT controlled by any specific people - you can build on this and use it without permission! 2) start mining — with a gpu you can get some coins to use and reserve names with but even if not then it still helps the network 3) running a full mining node helps strengthen the coin and helps everyone 4) download testnet NOW and mess with creating assets (!) this way you are ready for: 5) be ready to create real assets after mainnet launches on Oct 31 - you only get one shot at each asset name
----
Ravencoin is different. It's was released for free exactly like Litecoin — because it was never sold it was not run by a central team or person who tells people what to say or so. an offering
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
- more decentralized ---
----
----
----
----
The system is working well as it is — I was a stockbroker don’t see any problems at all — just giving thoughts on best practices and ideas for almost 20 years so have been interested in securities tokens since I came into Bitcoin 6 years agothe future — there are several things we learned from this hard fork which can be improved on next time - mainly around communicating
----
----
----
----
----
Forks also present a risk — every code change presents a possibility of unforeseen consequences == 14 Aug 2018 - Telegram == Chatturga:The v2.0.3 binaries are available to download on the ravencoin github. Assuming that everything continues to run smoothly, and no significant bugs need to be addressed, this is the version that will activate DGW and BIP9/RIP2 consensus voting for the asset layer. The devs recommend updating to this version soon (before block 338778), with a particular emphasis toward pool owners and exchanges. I'll reach out to those people at the end of the day since the devs want to do a bit more testing. https://github.com/RavenProject/Ravencoin opens up /releases/tag/v2.0.3 == 05 Aug 2018 - Telegram =='' Tron '' Tron:Ravencoin is a protocol platform for assets and will work with anybody's infrastructure. Additional requirements can always be added by exchanges, or issuers, but are not just new doors native to securities but entirely new types of aligning intereststhe asset protocol. For example co-ops
----
Tron:You’re absolutely right. We are watching the issue closely. To put it in perspective though, our block times have been roughly 1.5x the speed of BTC during the worst of it. We have already switched to DGW on testnet and Ravencoin is slated to move to DGW on mainnet at the end of October. Our primary concern is not the code, that’s already done. Our primary concern is not allowing the chain to split. A chain split would cause far more damage and confusion than 5 minute blocks. The diff swings are a result of being profitable, then not, then profitable again, in an undamped oscillation. DGW will enable users to issue STOsfix it, but it requires a hard fork where everyone must upgrade the software. This carries some risk.
----
----
----
----
----
----
Tron:My understanding is that's exactly something my company is working there was a Pull Request for RVN onLedger. I don’t know if/when that will make it into production.Chainstone Labs plans to be one of the first users of Ravencoin
----
----
----
----
Tron:There’s really only one chain. The problem is that when you change the diff algo, then the version of the software using the old algo sees only old algo blocks as valid, and software using the algo only sees new algo blocks as valid. The assets will “real” one SHOULD be using Ravencoin the new algo chain as rails<name removed> , but there’s no BOSS that says you can’t run older software. So it is really up the users to upgrade and all agree to use the newer software. I founded Atlantic Financialcan’t compel anyone to upgrade, but it would make economic sense for everyone to use the new software. We can write software that doesn’t change the algorithm until it sees that most miners have upgraded because we can put a Registered Investment advisor version number in the blocks and also own chainstone labscount the mined blocks. That’s what BIP9 does — Google it if you’re interested in how it works.And Satoshi Roundtable
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
== Older Posts ==
[[Fenton Files: April 2018 - June 2018]]
[[Fenton Files: start - March 2018]]
