[06:42:13] @dash main page - https://navcoin.org/en [06:42:50] navcoin has been around since 2014. it's one of the oldest cryptocurrency projects. so it's like bitcoin, and i know you know what that is. [06:43:16] one of the big projects that are being worked on are to bring privacy features back to nav, so people can send/receive anonymously like monero. [06:43:27] neato [06:43:37] nav is based on bitcoin-core but it uses proof of stake. [06:43:54] that differs from bitcoin in that bitcoin uses brute force hashing to mine blocks [06:44:03] btc is proof of work [06:44:06] got it [06:44:12] users have to 'stake' their coins [06:44:13] rather than proof of stake [06:44:35] they allocate coins to the staking pool and based on coin age they stake blocks [06:44:44] the greater the coin age, the higher the chance of staking a block [06:44:57] proof of work is energy intensive [06:45:06] you know about the massive bitcoin mining farms [06:45:12] how do you protect the stake cryptographically? [06:45:16] proof of work uses barely any energy resources [06:45:34] @aguycalled can you giv eyou more info on that [06:45:39] he's one of the main devs [06:45:53] you'll have to have a look at the code [06:46:10] but i know you're a talented software engineer so i'm sure you'll figure it out quickly [06:46:23] yeah ill bug him when he responds [06:46:27] https://github.com/navcoin/navcoin-core [06:46:35] repo is public [06:46:40] it's open source, like bitcoin [06:46:56] none of that closed source centralized shit that other cryptocurrencies are doing [06:47:07] that's pretty awesome [06:47:09] im into it [06:47:12] e.g. XRP [06:47:30] yeah seeing a lot of corporate fingers in a lot of open source pies these days [06:47:57] https://medium.com/nav-coin/a-closer-look-at-the-navcoins-community-fund-354dac8759aa [06:48:36] https://navcoin.org/assets/NavCoinDeveloperManifesto.pdf [06:49:15] https://navcoin.org/assets/NavCoinOverview_September2019.pdf [06:49:36] development has been slow since the bear market kicked in a few years ago [06:49:55] good chance it'll crank up again. it always does. just a matter of time. [06:50:21] https://99bitcoins.com/bitcoin-obituaries/ [06:50:34] lol yeah you don't have to sell me [06:50:52] i just need to understand basically how I could buy in and how to contribute [06:51:07] i think @aguycalled requires friend requests to DM him [06:51:15] there's a lot of spammer on discord [06:51:21] spammers [06:51:29] is his name gerald? lol [06:51:42] nah, but i'm sure that's why he picked the name [06:51:50] he lives in berlin IIRC [06:52:01] prole, one of the other leads is in NZ [06:52:05] and he's a DNB head [06:52:09] ha ha [06:52:10] DJ an all that stuff [06:52:12] my people [06:53:11] there are a few other devs that have been active, but i think that's been dependent upon the projects they're getting paid for through the Community Fund [06:53:39] the CF was built as a way to generate income for development since there's no centralized entity that owns Navcoin [06:53:54] this is a really nice codebase [06:54:23] the private companies that have popped up are centralized and can fund through other methods, but navcoin has resisted that model as they want to follow the bitcoin path to ensure the protocol can never be owned by anyone [06:54:34] that way they avoid the bitcoin/bitcoin cash debacle [06:54:41] yeah oh man [06:54:42] what a story [06:54:48] greed [06:54:51] pure greed [06:54:55] politics [06:55:14] engineering [06:55:14] you know i'm not a software engineer but maybe it's time i start to get my feet wet [06:55:18] ha ha [06:55:28] perhaps you know some other talented software folks looking for something to get involved in [06:55:35] i'm sure i can develop into a decent coder [06:55:56] just been focused on the infrastructure architecture roles [06:56:04] how do i write a proposal? [06:56:04] but i'm nearly maxxed out in that realm [06:56:12] the guys can fill you [06:56:18] you'll need coins first [06:56:26] i can send you a few hundred and you can start staking [06:56:57] or you can add them to the navpool staking service that was created by another user [06:57:10] IIRC his navpool service was self-funded and now is funded through the CF [06:57:19] there is some more info here. Some are a bit out dated though. https://info.navcoin.org/general-support/ [06:57:42] https://www.navpool.org [06:58:38] prodpeak built the navpool service. it's pretty widely used. [06:58:44] think of it like a bank [06:58:52] users deposit coins and navpool stakes on their behalf [06:59:05] they get a percentage of stakes based on their percentage of the pool [06:59:22] faster returns because straight up stakes can take a while unless you have 10,000+ coins [07:00:01] hmm [07:00:08] yeah i need to do some reading [07:00:34] off the bat it looks like it would be fun to write some python bindings, I haven't written bindings since ddate ha ha [07:00:48] but as far as development, there's a general roadmap, but contributors can build whatever they want [07:01:04] the crypto community is self pollinating [07:01:05] it doesn't look immediately like there is a python lib [07:01:16] most ideas are replicated by other projects [07:01:32] my guess is long term each crypto will function like a modern day bank [07:01:59] hopefully not [07:02:01] the crypto community is basically building next generation banking infrastructure that is free from federal reserve oversight [07:02:54] so no 'quantitative easing' where the fed just injects liquidity into the market and causes all currency to devalue as a result of inflation. [07:03:13] with true crypto projects, it's impossible because the creation of currency is finite at a given rate. [07:03:31] they can't just inject $6T into the money supply like the federal reserve did recently due to COVID [07:04:16] thing is, when the Fed injects liquidity, it never really reaches the general public [07:04:41] that's why you see billionaires holdings ballooning and the every day person's wages never go up [07:04:44] it's bullshit [07:05:51] regardless of what happens, the code you contribute can be public and who knows, like i said, it could lead you to new opportunities because your code will be public and you can show people what you've created and contributed to [07:06:44] there are a lot of crypto projects. navcoin may not be the end all be all, but there's plenty of opportunity out there. plus the various projects are in communication sharing ideas. [07:07:00] PIVX is another project that is proof of stake but it's a bit more centralized [07:07:45] NEO uses proof of stake and the main devs are in china [07:08:39] the market is shaking out, as it always does during bear markets. hopefully nav continues on as it has since 2014. [07:24:31] this is why i know crypto isn't dead [07:24:32] https://www.blockchaincenter.net/bitcoin-rainbow-chart/ [07:25:05] just a matter of time until things kick back up. but we'll have to wait for COVID vaccines before the world can get back to normal [07:26:16] regardless, like i said, my guess is crypto is simply the foundation for open source banking infrastructure [07:26:50] at least, i'm hopeful [10:36:08] @aguycalled is currently not available, maybe @mxaddict can help out on technical questions