Dear Fellow Reddheads:
It has been a little while in the making, but I would like to take this opportunity to announce to you that the Reddcointalk tip platform is now LIVE! The forum has been updated, and it now includes the Reddcoin Tip Plugin that i have been working on for nodebb. This version is the first cut, so i look forward to your feedback. I would also like to thank those who volunteered and took the time to help troubleshoot and validate progress during development.
Ok. so lets get started!!
First up, unlike a lot of other tipbots, this is a decentralised tip platform There is no wallet or program in the background receiving or storing your Reddcoin It relies on you having your own wallet address stored safely somewhere. This could be the Chrome extension, or the QT wallet (and others like Firefox and Safari apps will follow). And as other wallets types do become available they will be introduced and tested
You will need
Firstly, a valid Reddcoin wallet address, without this tipping is not going to work for you. You will need this to enter into the next step. You can use an existing, or generate a new
Store your Reddcoin address
The address is stored as apart of your forum user settings. What, your not a user yet?? Better register first then… Once registered, you need to find your user profile settings
Congratulations… you have now finished registering for the tip platform
How to use??
Well, now that you have registered as a user, your user name will show up on every post or comment with a prominent icon and user-name. If you want to tip someone, just click on their Reddcoin icon at the bottom of their post or comment. This will launch your wallet, and you can enter your desired amount.
Any problems, or you need assistance you can message me @gnasher Also, any feedback and suggestions are welcome
One final note, if the name is not clickable, then that user has not entered their Reddcoin address.
Dear fellow Reddheads:
Some of you requested me to remove the requirement for trailing ” RDD” or ” Reddcoins” in all tipping commands and now this feature is available on all tipbots. I’ve also consolidated the servers and made miscellaneous minor fixes. Let me know if anything doesn’t work as expected.
Dear fellow Reddheads:
Our Reddit tipbot is now offline as we upgrade the servers and implement a couple of minor features. We expect it to be back later today. All the other tipbots are working fine.
Thank you for your understanding and patience.
Dear fellow Reddheads:
It’s been a month since the successful launch of PoSV, which marked the end of stage one of Reddcoin project. There were three main goals for stage one:
The three goals have all been achieved so it’s time for us to enter stage two: the buildout of services to make Reddcoin actually useful.This is what Social X is meant for. I’m still polishing the whitepaper to make it live up to my own self-imposed high standard, but I think the time is right for me to unveil it in broad strokes. There are three main problems Social X aims to solve.
To achieve wide adoption of Reddcoin (or any cryptocurrency) by the non-tech-savvy general public, wallets must solve the following issues:
Ever increasing blockchain size discourages users from running full-blown wallets. It takes too much time and efforts to install or repair. A common user tends to find the process frustrating or even impenetrable and is forced to either give up adoption or rely on 3rd-party service providers (e.g. exchanges, wallets using ReddAPI) to take full control of her fund. Blockchain size grows everyday and grows faster with wider adoption.
Current wallets generate private keys randomly. As a user engages in staking or normal transactions, she has to back up wallet.dat file periodically to make sure all newly generated private keys are backed up. If wallet.dat file is corrupted or lost, there is no way to recover lost fund.
Again, due to the fact that private keys are randomly generated, it’s impossible for a user to share the same wallet.dat file across multiple devices (e.g. desktop, iOS, Android) and multiple platforms (e.g. Windows, Linux, Mac). Different copies of wallet.dat will get out-of-sync. A user has to manage each wallet independently, which leads to significant operational burden and risk.
It would be extremely valuable for a service provider, such as an exchange or e-commerce site, to be able to generate unique public keys to receive fund while putting the corresponding private keys in cold storage. The impact on security is significant.
One essential feature of Bitcoin is pseudo-anonymity. To pay someone, you need to get hold of her impenetrable public hash key, somehow. And the hash key, i.e. the wallet address, may not be valid a moment later because the owner might have lost the corresponding private key. Ironically, this awkwardness, even backwardness, is not perceived as a disadvantage by almost all the cryptocurrencies. In fact, on the contrary, the single biggest, hottest, most wanted feature is full decentralised anonymity, which has seen the rise and fall of many cryptocurrencies and their copycats. While all the other cryptocurrencies compete with each other on this front, Reddcoin, aiming to the social currency of the digital age, moves in the opposite direction. Social lives are not possible without social identities.
The vast majority of 3rd-party service providers which hold fund on a user’s behalf has exclusive full control of her private keys. If a service is indeed worthy, a user has no choice but to trust the 3rd party with security and integrity. It’s ironic, to say the least, that cryptocurrencies which are created to remove exactly this need for blind trust in middlemen end up in a much worse position than fiat currencies due to the fact that many cryptocurrency companies are unregulated and incompetent. Then the question is: is there a way to create an ecosystem where anyone can write and provide valuable social applications in a fully decentralised fashion?
Social X has many components which are already being actively developed. Below I give a brief description of some of them.
Below I’ll only answer questions selectively. Much more details will be available in the whitepaper and there is no reason to jump the gun and repeat it here. Stage one took us 6 months. We expect stage two to take 6 months also. It may be the most exciting period in the history of Reddcoin project.
Dear fellow Reddheads:
Today we’d like to announce three pieces of news:
The social wallet is already being used by Reddcoin developers on a daily basis. Starting from today, everyday we’ll send out invitations to the Top 10 Contributors of the Day to join us in beta testing. In coming weeks, the social wallet will be available to all.
An online slideshow of the screenshots are available here.
Reddcoin Core Team
Reddcoin core developers today unveil the next-generation social wallet that implements several innovative features not seen in the cryptocurrency world before:
The social wallet is fully functional on Windows, Linux and Mac OS X and is now in invitation-only beta testing. A public beta testing will start within weeks. More social features are under development and will be introduced in due course.
The screenshots of the social wallet is available at http://imgur.com/a/6nKII#0
The social wallet is a central piece in the Reddcoin infrastructure and is designed to work with the proprietary Proof of Stake Velocity (PoSV) algorithm that will soon replace Proof of Work. PoSV was designed by Reddcoin lead developer Larry Ren and published in April in a landmark white paper that has received wide attention among the cryptocurrency communities.
Proof of Stake Velocity is an innovative algorithm that encourages both ownership (Stake) and activity (Velocity). It’s designed to address various flaws in Proof of Work and Proof of Stake from both technical and economic points of view. The white paper also provides the first comprehensive review of the state of economies of cryptocurrencies in general.
Another key piece of the Reddcoin infrastructure is the next-generation social platform that will integrate with all social networks and provide the easiest and smoothest user experience for micropayment and content creation across those social networks. The platform is under active development and is on track to be unveiled in summer 2014.