Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is:
ookhimself Congratulations. I will send you a DM on Reddit.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Why does your blockchain exist and what makes it unique? A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: What is the Colossus Grid? A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Is there any estimated date for the grid? What will set you apart from the opposition? A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available? A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks. A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken? A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project? A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again? A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: When can we expect the grid to come out? A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Can you tell the current budget for development work? A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness. A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately? A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero? A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages? A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network? A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power? A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Do you have any new exchange listings planned in the near future? A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table? A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT? A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?
A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards? Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain? Hope this wasn’t too many questions in one :), Ahmed
A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see
https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan:
http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most? A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?
A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the
[email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: How will you fight with regulators who are trying to stop privacy coins?
A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?
A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition. A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?
A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this? A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project? A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Does Tokens.net plan any kind of staking ($COLX or other coins)? A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project? A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Do you have any special development funds for programmers? A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Why Android Wallet Revision hasn't been done? Any problems? A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live
since June 15, 2020.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Whats the second biggest milestone other than the grid network for COLX team? A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: How is COLX team going to contribute to crypto adoption, other than building a robust network? A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Are their industry partners to COLX that are awaiting your network to go live? A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis? A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net? A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
- Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
- The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
- Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
- They allow the community voting option of only truly decentralized projects after a thorough screening.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers. A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks. A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC? A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Will you try to convince users to trade on tokens.net if so how will you do it? A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: How will you try to create liquidity for your pairs? A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: How big is a development team of #COLX? A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Do you have some security guys in the team? A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
-------------------------------------------------------------------------------------------------------------------------------------------------- Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it? A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Important Information: Website Whitepaper Roadmap Business Plan Wiki Governance Partners GitHub What is ColossusXT? (YouTube) --------------------------------------------------------------------------------- Follow ColossusXT on: Twitter Facebook Telegram Discord Forums --------------------------------------------------------------------------------- AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 Dev meeting? Would say so, yes The people are still exhausted from the payment ID meeting :) Guess we could ping some people vtnerd, moneromooo, hyc, gingeropolous, TheCharlatan, sarang, suraeNoether, jtgrassie Anyone up for a meeting? Yep I'm here Here o/ Perhaps we should just start and people will eventually hop in? oof sorry guys, I'm working on the new FFS and I forgot all about this. Got a couple of new volunteers. This literally might be able to launch tomorrow. I know that. It's called "flow" :) I could run if you're out of time? go for it dEBRUYNE you guys are going to like this new FFS. We're like 99% done. Hi rehrar: someone else do the milestone thing already? All right, jtgrassie, perhaps you'd to start w/ briefly describing your most recent PR? https://github.com/monero-project/monero/pull/5091 oneiric, xiphon did everything like....everything As far as I can see, it allows the user to push his transaction over I2P, thereby masking the origin IP of the sendeuser great And it hooks into vtnerd's PR right? Sure. It basically just builds on vtnerds Tor stuff. sorry dEBRUYNE Really not much added. I have it running and tested. From the perspective of the user, what needs to be configured exactly? Nice Assuming the PR is included in the release binaries I'm using knacccs i2p-zero duirng testing but will of course work with any i2p setup sorry dEBRUYNE <= Np Looks a little like dams breaking, now that we have some dark clouds over Kovri and people take matters into their own hands ... User needs to run i2p, expose a socks service and and inbound tunnel. Basically same as Tor Okay, so should be reasonable as long as we write proper documentation for it (e.g. an elaborate guide) rbrunner, yes, knaccc credit for jumping on i2p-zero really dEBRUYNE: documentation monero side is kindof done. i2p side is very much implementation specific. I suppose we could write some guides for the most popular implementations? e.g. i2p-zero aims to be zero conf, but i2pd or Kovri would be differnet. I see, great vtnerd___: Do you want to add anything? could amend the current kovri guide for monero use from --exclusive-peer to the new proxy support Now I have i2p-zero running and tested with the #5091, I plan to jump back over to helping knaccc on getting that polished. I added support for socks proxy in the basic wallets ^ excellent Yes vtnerd___ I havent tested it yet but looks sweet. So connections to `monerod` over Toi2p are possible within wallet cli and wallet rpc Awesome This also implies auth+encryption even if ssl is not in use (when using an onion or i2p address) All right moneromooo: are you here? If so, could you perhaps share what you've been working on? I am. I revived the SSL PR, more stuff on multi sender txes, an implementation of ArticMine's new block size algorithm. I presume a multi sender tx works similar to multisig insofar as the senders have to exchange data before the transaction can be performed right? Yes. There are 2 SSL PRs. What's the diff? Theoretically this would also allow the sender to provide an output right? Which would be kind of similar to Bitcoin's P2EP The second one adds some things like selecting a cert by fingerprint. Yes. (for the first sentence) All right, awesome For anyone reading, this breaks the assumption of the inputs belonging to a single sender, which makes analysis more difficult Nice side-effect. Much work coming for the various wallets to support that rbrunner: Anything you'd like to share in the meeting btw? Yes, just a little info I have started to seriously investigate what it would mean to integrate Monero into OpenBazaar I have already talked with 2 of their devs, was very interesting In maybe 2 or 3 weeks I intend to write a report Too early to tell much more :) Soon^tm I guess :) Yep Currently wrestling with Go debugging whole new world moneromooo: Has pony recently shared any insights regarding the upcoming 0.14 release btw? No. All right I would love to see the tor & i2p PR's merged sooner rather than later so we can get more testing done. ^ +1 Isn't that famous early code freeze already on the horizon? fluffypony, luigi1111 ^ I suppose I could provide a little update regarding the GUI btw As always, lots of bug fixes and improvements :-P selsta has recently added a feature to support multi accounts dsc_ has revamped the wizard and will now start working on implementing the different modes and a white theme dsc_ is working fulltime on the GUI already? yes :) dsc_ is bae In light of the recent payment ID discussion, we've also, by default, disabled the option to add a payment ID unless the user explicitely activates the option on the settings page rehrar ^ nice I spoke about this yesterday at the coffee chat, this is not a good decision. How does it handle integrated addresses? The same way? rehrar ? For the next many months, we are still stuck with PAyment IDs in the ecosystem. Making it harder for people to access them will make Monero suck so hard to use for the average person for many months. i agree with rehrar Remove the option of Payment IDs when we remove Payment IDs rehrar: The new GUI release won't be live until probably mid march though Which is a few weeks in advance of the scheduled protocol upgrade Payment ID removal comes in October right, but Payment IDs are not removed in March Did we not have loose consensus on removing the old, unencrypted payment IDs in march? they are removed in October We had discussed a deprecation in March and a ban in October ok, then if we are going to do that, we have to commit to it and contact the exchanges like Binance that use them and get rid of them in the next few months (of unencrypted) Binance is huge, and if they still use them, then people will be very upset that they can't deposit or use Payment IDs easily I'm just speaking from a UX perspective. I thought it was unencrypted in April and possibly encrypted in October Yes I do agree Timeline and notes: https://github.com/monero-project/meta/issues/299 impossible to remove them for march, many exchanges still use them We can defer it to the 0.15 release if needed Well, that wasn't the impression for them log that I just read today This was all discussed in the earlier meeting linked above We have to force the ecosystem off of Payment IDs before we remove them from the UI, is all I'm saying Remove != make difficult to use ... or make them more difficult there, right? ping sgp_ sarang, I understand, and I agreed with you during that meeting. But then I started thinking of it as a UX person, which I am. And that huge massive problem leapt out at me i think making them difficult to generate is a good idea but making them difficult to consume and use is a bad idea well, maybe not a good idea, but a better idea ^ If we defer the decision to depriciate long payment IDs to october, won't we have the same issue then? The UI can gave an expandable payment ID field like MyMonero and we can still call it deprecated It is foolhardy to remove an option that the ecosystem uses. So I suggest we keep the Payment ID in the UI until October when they are completely banned. no dEBRYUNE, because they will be banned via consensus sgp_ imo it may be a misdirection of dev resources to add that since things are proceeding in the short term rather than long term but this is a relatively minor point Nothing matters til exchanges change All right The issue is that consensus will still have them in April, and exchanges won't upgrade because they are still allowed. Thus they must still be in the UI. endogenic these changes are already merged in the GUI to hide it like you do ok But when they are banned, exchanges are forced to upgrade or stop using Monero, so we can remove them safely because they won't be in use rehrar: that's a strong assumption sarang that they will upgrade? yes if they don't, then they can't use Monero If exchanges require pid, users need a way to set a pid. Making it hard for the user in the interim is just going to be a nightmare. we have decided to take our "stand" in October A way that is not too hard, then To be clear, we still intend to deprecate long encrypted payment IDs in April right? But no enforcement until October the term "deprecated" doesn't mean much if it's still allowed, and used in popular places yes, as far as I understand it jtgrassie, exactly True I suppose dEBRUYNE: we need to be more specific when talking about deprecation the person who suffers is the user There are two proposals for GUI deprecation: 1. Hide it in the send screen with a simple option to expand (currently merged iirc) 2. Hide it completely in the send screen unless users enable the field in advanced settings (PR'd but not merged yet iirc) What are the arguments for 2? Both are poor options, but 1 is better than 2 by a long shot Well the people who need to be made to "suffer" are the exchanges. And I don't see a way to make exchanges "suffer" other than by having their suffering customers complain to them constantly that they need to update. ^ CLI has something similar where users need to set a manual payment ID transfer mode. Not sure if it's merged yet the way to make the exchanges suffer is when we ban PIDs. They either upgrade or don't use Monero. exact;y Agree with rerahr here have exchanges been provided with clear, practical, sufficient technical upgrade plans for supporting what they're doing with PIDs but with subaddrs? Both are poor options, but 1 is better than 2 by a long shot <= I wouldn't call 1. a poor option. Have you actually checked how it looks? Because it states "Payment ID" and a user has to click on the + to expand the field endogenic: yes the email when out. Blog post coming soon, but contains the same info as the email also the exhcnages' users are often using wallets that don't support subaddresses ok great as well, it should be noted that the timeline for exchanges to upgrade is September, not October when the fork is. Which wallets are that? Rehrar: I don't see option 1. causing any issues/confusion i guess it doesnt matter too much if withdrawing as a personal user the main address should suffice Because September is when the new versions will be coming out without PIDs in the UI If there's opposition to 2, 1 is fine. We can still call it deprecated which is the optics we need anyway exchange users are often just using other exchanges lol. No wallets involved. dsc_ dEBRUYNE, ok, I trust you guys here then rbrunner: i was thinking mymonero last i heard Ok pigeons: rbrunner yes receiving on subaddresses won't be supported yet sending to them has been possible though and yes as learnandlurkin says often they withdraw to other systems like exhcnages that also dont yet support subaddresses I really can't come up with any good argument for 2. right now endogenic: seems not much of an issue then. Exchanges will typically support withdrawals to both subaddresses and plain addresses (especially if we are going to force them to use subaddresses) For deposits, MyMonero works properly if the user sends to a subaddress Actually the second solution was already merged: https://github.com/monero-project/monero-gui/pull/1866 Maybe not enough eyes watching :) The important thing is to have done something to justify having a big "DEPRECATED IN APRIL" stamp on PIDs to spook exchanges in the interim This was for solution 1: https://github.com/monero-project/monero-gui/pull/1855 The Monero Community Workgroup will start making noise everywhere we can to exchanges, and everywhere else that will listen. Try to get on those garbage news sites also. So everyone knows that deprecated in April, and banned in September Hey, for solution 1, write "Payment ID (optional, deprecated)" or similar there rbrunner: noted rehrar: probably wait until the blog post, but it should only be a few days Maybe a Reddit sticky post would be useful? With the blog post If people are over freaking out about the hashrate or terabyte blockchain :) sigh Any questions for the MRL side?
