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[ANN] Developer Announcements - September 2017

All messages are taken from the official Linx Slack with permission of the developer to share here
Previous threads:
[ANN] Developer Announcements - August 2017
September 5
Dev: Temporary Block Stats on the mining pool are now working again. It now shows the last 100 blocks found by the pool instead of the last 50 too.
Dev: We will be updating the pool software to something a lot more detailed in the near future but right now we have our hands full working on other aspects so please bear with it for the moment ;)
Dev: Hey guys, just a little primer about Linx and how we operate for the newcomers to the Slack. Linx isn't a token, it is a limited supply mineable currency that is released steadily over time as the blocks are mined. We chose this route for two main reasons:
1) We didn't want our currency reliant on another platform and any potential issues that could arise from being tied to a third party platform.
2) We believe coins should ideally have some real value from the moment they are minted. This initial value is derived from the computing power and money spent on generating the coins in the first place (which is why we chose the Scrypt algorithim for the PoW), along with a limited supply of coins. To simply issue 1 billion tokens and expect people to see value in them on based on a whitepaper of ideas is not something that sat well with us. This is no different to a bank printing money backed by nothing - the very thing that Satoshi tried to free us from when he gave the world Bitcoin.
We are confident that Linx will find it's future value from it's real-world uptake and usage and not from a bag of magic beans.Linx isn't an ICO, there was no crowd funding and we have never tried to entice anybody into investing, other than by keeping the community aware of our current developments and giving you a rough guide of where we plan to take this project.
We don't disclose the details of our roadmap or forthcoming projects for several reasons:
If you see the potential in what we are doing here, then it's a pleasure to have you onboard. We value your support for what we're sure is going to be a very exciting ride
September 12
Dev: Hey guys, we understand that you want to know what's going on but please bear in mind what we have said from the start. The current crypto community isn't our target market. It’s really great that people in the crypto world are supporting the project in its early stages, but it was never our aim to be just another coin that only finds it’s value as a trading token on the exchanges.
Our plan has always been to deliver something fresh and exciting with real use to an entirely new audience.
That said, there are several areas that we are working on right now, some of which you already know about. These include : the next release of the source code along with a redesigned QT wallet, a new mining pool and a new block explorer that will allow you to search by addresses and TX IDs so you can verify paper wallet deposits.
Most importantly we are building the Linx platform, which will be the heart of the project as far as users of the currency (new and existing) are concerned. We are also working with our first retail partner with regards to Linx payment integration.
There is no fixed timescale in place for any of the above, but we are working to get everything out there as soon as possible. Please remember that Linx was launched just 3 months ago and we are working non stop to achieve more in the first 6 months than other cryptocurrencies have done in years.
Linx is currently available on a limited amount of exchanges to allow for circulation from the miners to early adopters. Some of you have expressed concern about the price fluctuations, but at this early stage in the project any price swings at such low levels are not really a concern to us.
It is completely understandable if you don't feel comfortable holding Linx until you see current developments put in to action. As said previously, this is why we did not go down the ICO route.
Hope this has answered some of your questions & we wish you all a great week.
September 21
Dev: As you will be aware, we disabled the Linx Web Wallet recently so we could run tests against potential risks.
We take the security of your holdings very seriously.
We have concluded, that at this current time, web wallets as a model for storing cryptocurrencies have potential vulnerabilities that we are not happy to expose our users to.
With our current plans, Linx is about to be introduced to a significant amount of new users with very little or no previous crypto experience. We want Linx to be a smooth, pleasurable and most importantly safe way for all users to transact and store currency.
We know that most of you are already fully aware of the risks of holding large amounts of your currencies in web wallets and have alternative storage as recommended, but new Linx users may not be.
is very important to us that we protect all users as much as possible, and to this end, we have decided that the Linx web wallet will remain offline for the foreseeable future or until we feel confident that the potential risks with web wallets have been eliminated.
All users of the Linx web wallet with positive balances will be contacted directly to arrange transfer of their funds*.
If you don’t already have an alternative wallet you can download a version for your operating system directly from us. If you need help installing or using your new wallet please don’t hesitate to get in touch with us and we’ll guide you through it.
Kind regards,
Team Linx
*If you did not supply an email address when you signed up, please contact us.
September 27
Dev: Notice regarding the Linx Web Wallet : All Linx Web Wallet users with a positive balance were notified by email on the 20th September with instructions of how to receive their coins. Please check your spam folder if you think this may be relevant to you and you didn't receive it. If you have any questions drop us an email.
September 28
Dev: Pool update : Running tests at the moment but the brand new Linx Mining Pool, complete with detailed stats, should be open for business soon. We'll let you know when it's ready!
submitted by CryptoSaul to LINXcoin [link] [comments]

My experience with bitcoins - why it won't take off and replace "fiat currencies"

I have been experimenting with bitcoins for more than 2 years now and I returned to see where my experiment stood after the recent twittering in the copper lines.
When I first used bitcoins a few years ago, there was one client and the transactions were not much. Now there are a plethora of clients to use and each comes with its own set of headaches. I tried Bitcoin-QT (the "official" client), electrum and multi-bit.
Guess what? chicken butt!
Storage space: I installed Bitcoin-QT and it has used up 12GB of my hard disk space and still has not synced up. The issues with this "official" or most popular client is acknowledge here
Imagine if everybody in the world started using bitcoins and this preliminary set up takes a week or so now, even more later on, how easy it would be for financial transactions. It is definitely not like transferring "fiat money" electronically or just walking over and handing cash.
Problems with safety and security: I did this mistake once in my early days - I wiped off my hard disk without proper backup (who backs up roaming profiles - unnecessary in the real world, but paramount in bitcoin world) and I lost my bitcoins. It wasn't worth much, so cheaper than losing some coins in my sofa.
There have been atleast 3 instances reported this month of coins stolen, supposedly through the bitcoin-qt client - read about it here
The most common analogy given is, you wouldn't let your real life wallet lying around, but it is just not the same as taking all precautions and still losing bitcoins because the technology involved is just too much for the common man. Just read through the friendly instructions given on how to do a secure transaction. The corresponding shitty analogy in real life will be - keep your wallet under layers of clothes, possibly tied to a chain around your waist. If you want to give someone money, walk into a secure room, remove clothes to access chain, remove wallet from chain, take out the money, secure wallet to chain around waist, wear clothes, walk outside to the room, and give money to the concerned party.
Transaction fees: Right now it is voluntary for transferring money, but of course, transfers can be "expedited" by simply "donating" a small fee (wink wink, nudge nudge, eh?). A few years ago, when bitcoin was not more than $20, it was a fraction of cents; today it is 1/1000th or 1/100th of a cent. Imagine if bitcoin reaches $100,000 as some claim, this "speed fees" or as they call baksheesh or bribe in my country, could be a good chunk of money. This is documented here
Ease of use, huh, what's that?? As I mentioned earlier, there are 3 different clients recommended (each with its own headache, of course,) but none of them are user friendly.
One has a huge set up time, one needs you to turn on certain features, and the third connects to a server to validate transactions, which is like, I need to be online whenever I need to do this "transaction thingie." In a country where there are powercuts for upto 10 hours in some cities, or where there are frequent brownouts, and the internet speed is abysmally slow, the ease of cold hard cash, even if it is undervalued, triumphs all the proponents' arguments.
Read the analogy about IRL wallet in 'safety and security' for this 'ease of use'
Corruption: Let's see, corruption is not widespread in USA (I guess it is called lobbying over there, loosely regulated and even encouraged), bribe/speed money/baksheesh is a way of life. Right now, we have anti-corruption wings of the state police and national investigation agency successfully nailing down a handful of perps by using marked banknotes and tracking electronic transactions through banks to a good degree. Most of it is let slide, but when they want, they get their man. Imagine what will happen with bitcoins - corruption will rocket through the sky, bundled with all the problems mentioned above, and will make life worse than it is.
submitted by manojar to EnoughLibertarianSpam [link] [comments]

Learn How to Tie the 'Quick Tie' Mayfly - YouTube Beautiful recycle tie craft ideas - YouTube How to Sync your Bitconnect QT wallet NEW updated Coinbase Exchange Tutorial - How To Buy Bitcoin On ... HOW TO TIE YOUR FLIGHT ATTENDANT SCARF LIKE A PRO - YouTube

Private keys can be exported on all QT based wallets and it can be exported using the console tab on debug window. Here is a step by step instructions on exporting the private keys of your wallet address. Step 1: In your wallet go to Tools >> and open Debug Window. Step 2: Now in Debug window go to console tab. Where can I find the blockchain, wallet.dat, etc. on each of the operating systems Bitcoin-Qt supports? Stack Exchange Network Stack Exchange network consists of 176 Q&A communities including Stack Overflow , the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. Bitcoin Cash Node is a fork of Bitcoin ABC, which is an original Bitcoin Cash client and builds the backbone of the network. It downloads and, by default, stores the entire history of Bitcoin Cash transactions, which requires a few hundred gigabytes of disk space. Depending on the speed of your computer and network connection, the synchronization process can take anywhere from a few hours to a ... Install Bitcoin-Qt Since version 0.9, Bitcoin-Qt was renamed to Bitcoin Core t o reduce confusion between Bitcoin-the-network and Bitcoin-the-software. Bitcoin Core is a full Bitcoin client. It is a thick client, meaning it requires the full blockchain (explained below) on local disk to operate and expose blockchain back to the network to help relay and verify transactions. Keep a copy (sync ... The Bitcoin Core daemon (bitcoind) is not included in the .dmg file you may have downloaded to install Bitcoin-QT. Bitcoind, along with its support binaries, is instead included in the OS X .tar.gz file listed on the official Bitcoin Core download page. To download this file using Terminal, execute the following command:

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Learn How to Tie the 'Quick Tie' Mayfly - YouTube

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