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5 topics on blockhead

37 posts

+153.8 votes

by blockhead

we are building a stable coin alternative to btc

+56.2

by blockhead

we are building a stable coin alternative to btc

update
seems these days more people are starting to see the value in a btc alternative 😋

we are making progress and want to thank the biggaz that are helping, particularly the devvy borg who are making significant changes to little biggy's infrastructure in order to accomodate a solana based payment processor.

we still need more devs though, this is the hardest part of developing securely and anonymously. thank you to the biggaz making introductions (especially budzinho), we are grateful and will reward every success.

we also mention that full time dev positions are available in addition to the projects we list, anyone successfully completing a project is eligibile.

every bigga is hurting with these btc fees and we get that, its why we see an opportunity but if you could not use this thread for your grievances we would appreciate it, we're trying to move things forward. 🙏

+6.2

PM2994 9.9/10

Any news on when we can expect to see changes? The BTC gas fees are seriously hurting vendors and customers. 02/02/24.

Reliablealias

God speed and good luck.

Slewdem1184

Nice to see some change in the making. Just out of curiosity, why a stablecoin? Would it not be easier to just implement Sol as the payment token? Don't mean to be negative but it's very difficult to create a stablecoin that will continuously maintain it's peg. Is it an algo based stablecoins you guys are developing?

I did see that Circle have just released their EURO stablecoin which afaik is on Solana Chain. Could possibly be an idea to use. Would be like USDT but without having to pay ETH gas fees.

+6.2

generation last

usdt solana has been around for a while, stable and smallest fees around

blockhead

this is correct, usdc is also a popular usd stablecoin.

blockhead

the new euro backed stable coin is a good suggestion and we are keeping an eye on it's progress.

cretin

would it be viable to add monero (or, honestly, any coin with decent privacy and transaction fees) as an alternative in the meantime? the bitcoin transaction fees have gone utterly mental recently, and it's scaring me away from the site.

Budzinho 10/10

They will use an existing stablecoin on Solana.

Privacy is decent and network fees will be minuscule although you will need a tiny amount of SOL in order to transact.

The Pontiff of Piff 9.6/10

is it actually tether? if so how will they avoid addresses being frozen if the wrong attention ever fell on here?

QueenL

Definitely would be better with BCH. I don't trust solana one bit tbh

brando

bch was deprecated the day it was born.

QueenL

Sad day indeed given it was what BTC should have been. (Could have been).

It's time will come though when people say fuck paying $XXX's in fees bcoz that is frankly ridiculous for the oldest crypto going on 16 years now...

Mrwig27

Understandable given the number of blockchain halting episodes in recent years...although I do genuinely believe Solano to be a more robust and dependable chain now...although still nowhere near as decentralised as Cardano....which along with low fees now has a number of stablecoin options

QueenL

mmm 'blockchain halting' or centralised ownership may be a better term for it.
It's shady af in my opinion, and, BCH is well.. bitcoin. Still decentralised, just the better version with bigger block size and vastly cheaper fees...

Mrwig27

Yup. Its supposedly sacrificing the decentralisation for far higher TPS....but the fact it can be turned on and off doesn't sit right.
Can't wait to see the Cardano network properly battle tested at scale...been using some Defi Dapps and have been impressed so far.
Bitcoin Cash would be a nice option here though

QueenL

If you like ADA, check out ERG, basically a BTC successor without any VC backing, fair pre-mine, ASIC resistant, POW, eUTXO etc...

Osfos

Are you actually creating a new coin from scratch? Would it not make sense to at least switch to a currently existing coin that resolves some of bitcoins issues? At least as a temporary solution until your new coin is finished.

Thank you for working on a fix for this :)

The Pontiff of Piff 9.6/10

they should just switch to litecoin or even better monero

tether is centralised and they can freeze addresses. There is a reason no illicit market uses tether, there are too many cons and barely any pros

Dopey 9.6/10

To little to late for some, how many customers have been lost now!?

Ireland is like a graveyard and the UK is almost as bad.

This should of happened ages ago and now just feels like we are in a perpetual nightmare.

If they wanted different coins they would of implemented them by now. I would say at this rate we have a few weeks left of trading till we go bust.

And all the while the buyers keep throwing money at a new vendor and constantly promote that vendor without regard or any sense of loyalty to others it is just typical of the society that we live in. Where has the peanut vendor gone??

Why is no one calling this out??

Slewdem1184

It's as simple as this really, there's teenagers setting up websites for their 'NFT Projects' which have all crypto payments implemented including BTC, ETH, ADA, XTZ, SOL etc... If LB really wanted to utilize another chain or layer 2, it would of been sorted a long time ago.

I see a lot of people going on about privacy concerns etc, yet majority are using a CEX to on-ramp/off-ramp so your privacy is already out the window I'm afraid. Even BTC, to people that know what they're doing, come on it really ain't hard to follow the coin on-chain.

We are buying bits of herb at the end of the day, LB is pretty tame with the products on here so I can't imagine feds are gunna be spending resources and money to track down JimmyBois half oz he bought for the weekend. Obviously maybe a bit different for vendors though I appreciate that.

Is anyone actually able to clarify what the issue is? Is it something to do with the escrow settlements which is causing problems for implementing? Tbh it would be cool for th escrow to be a SC and just autonomously act out.

pollypuff23

Very good points mate, most of which could no doubt be answered if the Borgs would only talk to us in more than riddles.🙄
Personally I suspect that the payment processor transaxe.com insists only on btc and to offer an alternative means a departure and a whole new processor which is blowing noodles.
Just a hunch 🤷‍♂️

Slewdem1184

Yeah the cryptic riddles and communication could be a bit better!
Must be something like that, all I can think is that it's moreso to do with transaxe side of things. But then again speaking as someone who has very little knowledge on coding, even I can create a SC that receives payments, distributes under certain parameters/conditions, creates information functions etc.. It'd be simple ASF don't get me wrong, but I really don't think this would be hard at all for someone that is clued up on it.

You could probably even copy and pasta the template lol

Dopey 9.6/10

It seems to of gone quite there was talk about it in December.

Yes you are right with the next generation of quantum computers and AI most sites are going to become even more vulnerable.

29/01/24

eybic

I find it astonishing that they're happy for buyers to go elsewhere. I use another platform now and pay in LTC, £100 costs me about £3 to buy and less than 1p to transfer which is completed in less than 20 minutes. Its a real shame as I love LB but I'm not willing to pay through the nose for the privilege when there are very much comparable market places, that accept 3 or 4 payment methods.
08/02/24

PM2994 9.9/10

Good work guys. Have we any rough ETA's of when implementation will be? Wish I could help but I not very computer minded.

Lost_odins-Eye

Have you got any links to your current works?

Shananda

Any chance of an update on this blockhead?
17/02/24

hesh 10/10

Saw something recently on a completely random topic from transaxe saying this is all still months away from implementation

to me it still feels like the seemingly intentional vagueness of it all is a bit odd, and not really aiding progress
17/02/24

Construct

The more payment methods the better in my opinion but i get how hard it is to restructure these things.
Pity the evil overlords wont let you guys just use Fiat payments would be cool if i could just buy using the good old British pound.

pollypuff23

Yet there are other clear net sites that do just that- give the option to pay in £££...why are they not bothered I ask myself?

Dopey 9.6/10

Good to hear lets just hope it is as stable as BTC with price fluctuations would be good for vendors while we are waiting to be paid out to have the facility to switch into stable.

22/12/23

Ladyinred

🙌🏼🙌🏼 thank you!!!!

eybic

Any updates on this?
I along with many others, no doubt have had to resort to other sources that accept other crypto (ltc) with practically no fees, I love LB but when I can save a small fortune, I'm spending my crypto elsewhere.

J.Man

What sort of timeframe are we looking at for a move to using a different coin .. we need it now more than ever .

All the best LB Famo 💪💪

therealStoneLee

Who's "we"?

14 posts

+101.2 votes

by blockhead

Building a stable coin alternative for LB payments.

+48.2

by blockhead

Building a stable coin alternative for LB payments.

Blockhead is building a new, 0 trust payment processor for little biggy. We will facilitate usd coin payments on the Solana blockchain, the fastest and lowest cost network in crypto.

We've listed some opportunities for devs and would love some coding biggaz to have a look.

+11

Lost_odins-Eye

Bump

korneliuschebowski

That's music to my ears because the last 30 days have been a joke regarding BTC network fees and there seems to be no sign of a let up

Alleyne

What are you using to be able to select the timing? Anyone that has the option should just be using the flexible option and not worrying about it... Not everyone has the option

MightyRux

Not currently mate. It's pay the maximum or it won't get through at the moment. It was over 300 sat/vB for entry to the block just before confirmation yesterday (19/11), and if you weren't paying the maximum then that 1 hour quickly turns into 24 hours or more as people pay higher and higher fees, and the 24 hour one never gets confirmed.

kempy

I got quite lucky. Tbh I find fees change really randomly. $70 could be $20 fee and $71.50 is a $5. Worth a play anyway.

Alleyne

Thank you both for clarifying!

korneliuschebowski

It's risky, I've seen multiple cases when the 0 fee flexible payment still hasn't cleared after 8 weeks.. you probably might start worrying then! Besides vendors have cut off times etc & with my THC appetite I can just about wait 24hrs for NDD as it is 😂

I have access to SafePal & Bitvavo (registered outside UK). Otherwise I use Coinbase with my regular uk bank.

tnicho

👏👏👏

J.Man

Sounds good, yes the fees on BTC can be a sting when u add it up overtime. Definitely something I would support 🤜 good work lads

420thejackal

so when might b an expected arrival of this payment option ... are we talking weeks, months even years ?

Aristophanes

Why 'USD'?
I thought most on here were UK

coldspurs

This bigga

13 posts

+97 votes

by blockhead

you can help us build a stable coin alternative for little biggy

+30

by blockhead

you can help us build a stable coin alternative for little biggy

if you can code take a look at our project: https://littlebiggy.com/link/V8riGC

we've just increased the reward by 1,000 usd thanks to a seller that graciously pledged to chip in.

but you don't need to do code or invest to bring a new payment processor to little biggy, you can help by simply letting developers know about this community and our opportunity within it. lb is a place you can't believe is real at first (it happened with us) so finding good people to join us is challenging. your endorsement or intro goes a very long way.

if you know a dev let them know about this, or if you have a chance, just spread the word.

thanks :)

+11

zeppomarx

Here is someone actually doing something, rather than saying what "should happen". You deserve our support, not armchair criticism. Any way I can help count me in.

Anon1385

0 criticism towards anyone trying to help so not sure where you pulled that from.

Owner could have this change and alot of other changes on here generously bountied to incentivise them getting completed.

Hope you can help with this 🙏

+10

Anon1385

Very generous of the vendor, but the amount of profit this site brings in on a daily basis, a few thousand is literally pennies.

Why are vendors having to chip in? The owner should increase the reward themselves for everyone's benefit. Money talks, if the incentive is high enough the job will get completed.

+14

blockhead

no, it wasn't generosity, it was from an investment.

Anon1385

Owner still should be the one funding this regardless of where the money come from off the vendor.

Either way, hopefully it gets implemented soon 🤞

Whitenoize

I really hope something comes of this I've just made two small transactions and charged almost $40 in fees , unfortunately it makes purchasing weed on lb really bad value

brakefast

Appreciate you, will spread the word at my uni

Dopey 9.6/10

All I see is people complaining about miner fee's why is there hardly any chat on here??

All this so called intelligence on here where are we with this?

Is anyone doing anything to move this forward or do we just like to moan and chat when no one is actioning??

19/12/23

Please can we date stamp so we can start to see some progress.

Shananda

Hey blockhead, is there any movement on this at all?

blockhead

yes thanks, you want to help?

Shananda

I would if I could but I have no understanding of these things, I'm just wondering where you are at with this, as I'm sure many other biggas are too.

3 posts

+9 votes

by blockhead

Smart Contract 1

by blockhead

Smart Contract 1

This contract and accompanying functionality facilitates a USD stable coin payment processor for little bigggy.

From its operations little biggy generates order ids, adresses and release instructions. These will be exported into oracle form so they can be inserted into smart contracts on the solana blockchain.

This is a pre-release discovery version of the software predicated on some platform assumptions that require further investigation and encapsulation into a technical specification, the 1st milestone of this project.

Solidity + solana pay + chainlink smart contract

1. Create a detailed technical specification for the work below.

2. Using Solidity, Solana Pay, Solana Blockchain:

Write a smart contract that upon instructions from oracle:
- generates a new address and
- a unique identifier (b) linking to a Transaction
- sends payments as specified

Using Chainlink
and x.com as a data source create an oracle
transmitting:
order details
unique identifier (a)
default send to address
current send to address
default send to date
current send to date
send now

1 post

+2 votes

by blockhead

solana dialect messaging

7 posts by blockhead

4 posts

+26 votes

on Blockhead Smart Contract 1

solidity + solana pay + chainlink smart contract ($6,000 + bonus)

started topic + 4 more

+18

on Blockhead Smart Contract 1

solidity + solana pay + chainlink smart contract ($6,000 + bonus)

This project creates a working proof of concept for a new little biggy payment processor, using USD stable coins on the Solana blockchain. You will:

1 Create a detailed technical specification for the project. You obtain provisional test credentials for the Chainlink and Solana api's, analyze the documentation, determine the necessary fxs and test them. We award $1,500 upon completion.

2 Oracle Functions
Using Chainlink or the Solana SDK create oracles from the littlebiggy api for
- order identifier
- default release date
- default (seller's) release-to address
- new release-to addresses (in event of refund or dispute settlement). We award $1,000 upon completion.

3 Use Solidity, Solana Pay, Solana Blockchain to
write a smart contract that upon directions from oracle above:
- generates a new invoice address and
a unique identifier (b) linking to a Transaction
- sends payments as specified by little biggy api.
We release $3,500 upon completion.

The developer will be eligible for an additional bonus after completion. This reflects unanticipated work, changes, quality and speed. A successful project is eligible for an additional 5,000 in bonuses.

These funds are payable in USDT and can be escrowed as a little biggy item or with the service of the developer's choice.

blockhead

some helpful links
https://blog.chain.link/apis-smart-contracts-and-how-to-connect-them/
https://solanapay.com/ (includes supporting wallets)
https://solana.com/news/solana-pay-autonomous-case-study

https://docs.chain.link/any-api/introduction
https://docs.chain.link/chainlink-nodes/external-adapters/external-adapters

https://squads.so/protocol

blockhead

thanks for your consideration does pyth support external adapters or something equivalent to bring in the data?

blockhead

thanks for thinking of us, we like usd stable coins on solana for the speed and commerce support, to say nothing of the best fees.

those fees are in SOL 1st time users will need a buck or 2 of SOL in their wallet to send usd on the solana blockchain.

1 post

+16 votes

on {littlebiggy initiatives}

Alternate Cryptocurrency 20/11/23

thanks, yes we are solving this problem with usd stable coins on the solana blockchain. the community can help by letting developers know of the opp…

+38.5

on {littlebiggy initiatives}

Alternate Cryptocurrency 20/11/23

Commence Discussion: Ensure to timestamp each comment. Additionally, remember to cast your vote on all comments posted by LB members. This will keep the conversation relevant to current events, as the existing topics are from last year. Let's engage in a debate on 20/11/2023.Add FOR to your comments,

+21.2

MrDank95

For. These BTC network fees will be the death of this community if we can’t find alternative pay options.

20/11/23 - 10:55am

mojoman

Spot on and that would be a travesty 25/11/23

+20

defnote

https://littlebiggy.com/link/fW8hUe

20 nov

coldspurs

This is the perfect answer

+13

420thejackal

FOR ....21/11/23 ... Love weed, hate fees ... sort it out LB ... these fees are screwing us allover

+12.2

tnicho

For

+11.2

Green Avenger Weed 9.6/10

Can you put time stamp on as well so community knows its a recent topic. GAW

+11

tnicho

For 20/11/23. 11.05

+11.2

Green Avenger Weed 9.6/10

Keep it up community and let get some changers made

+12

Lost_odins-Eye

For - Good shout on the format GAW, the initiative I started on Friday is now long gone in the wall.

I think there’s some movement we are just short of devs.

21/11/23

+12

korneliuschebowski

For 20/11/2023 17:00

strongly agree an alternative is key.. ive taken the hit during the last month but definitely can't continue doing so.

+10

BakedBoomer

For. Network fees are crazy high. Took the hit on one order but this week the fee has doubled so had to leave current order. It means the end of the green road to LB for me:( 21/11/23

Green Avenger Weed 9.6/10

Continue the conversation, everyone, and endeavor to bring about substantial changes. Maintain the momentum and actively contribute to making impactful adjustments. GAW

+10

Shananda

For. It would be great if LB could implement a crypto payment method with low volatility and consistently low network fees.

5.10pm 20/11/23

+10

Pukoman

The more choice the better even when BTC calms down,not sure how feasible/easy this it to do, I sure don't know how, but hopefully something can get done.

Green Avenger Weed 9.6/10

Let's keep up with comments and try get things changed. GAW

lxz

For! LTC has always been great on fee's & speed. always thought it was beyond sufficient replacement

Green Avenger Weed 9.6/10

Continue the discussion, everyone, and strive for meaningful changes. Keep the momentum going and actively contribute to making impactful adjustments. GAW

jsa91827

FOR. 21/11/23.
These btc network fees are ridiculous atm, there needs to be a change and an alternative payment system implemented even when btc calms down. I feel like the fees may price out a lot of people from LB and would force people to look for alternatives. Really hope this gets sorted soon as I love LB but I won’t be able to continue using if the fees remain this high. 21/11/23 18:05

PlumpusRex

For
Simply won't be able to justify the expense if something doesn't change. Will have to find an alternative, which I'd be gutted to have to do to be honest.
21/11/2023 19:47

UKbudbroz 9.3/10

Would xmr (monero) be a better option than btc for fees etc? I don't know an awful lot about crypro just throwing this in the mix
23/11/23 13:45pm

Green Avenger Weed 9.6/10

Maintain the ongoing discussion, everyone, and strive for changes that truly matter. Keep the momentum alive and actively participate in bringing about impactful adjustments.

Longjohnjoe

FOR 23.11.23 10.31AM

I want to make my monthly purchase but can't and won't with these fees. Anyone having any luck?

tnicho

Just bought £150 btc on Revolut cost me £7 in fees went through in 30 mins
23/11/23

Shaun657

Think we are all on the same boat, I did check the fees at around 2am this morning 23/11 an the fees was down to just over £7 now it’s nearly 2pm same day an the fees gone back up to just over £9, just a waiting game and time of day seems to make a slight difference 💚

justarift

FOR 22/11/23 - 16:03

Is it hard to add another option like litecoin or whatever? Seems like an obvious thing to do but I don't know how it all works for littlebiggy admin... anyone shed any light on why this isn't already an option? is it laziness or some kind of obstacle... or is there a counter incentive... anyone know?

Green Avenger Weed 9.6/10

Sustain the dialogue, ladies and gentlemen, and strive to effect meaningful changes. Keep the momentum going and work towards making modifications. ............................GAW

Jdizzle6

FOR. 22/11/23. I’ve really had enough of paying high fees when there is simply no need for it! LB is just becoming too expensive especially as the pound is dropping against the dollar as well!! Bring in a new coin and change to ££ sterling!! Wake up LB it’s ridiculous!!

Green Avenger Weed 9.6/10

Continue the dialogue, everyone, and strive for substantial changes. Maintain the momentum and actively contribute to making impactful adjustments.
GAW

Blazin_Esx

For 22/11/23 15:50

QueenL

FOR 23.11.23
BITCOIN CASH (BCH) only decent alternative. Is what BTC should have been, but they didn't want to increase block size so it forked and now look...

Compare it for yourself if you must https://bitinfocharts.com/comparison/transactionfees-btc-bch.html#3y

Green Avenger Weed 9.6/10

Yesterday, I encountered a challenge when cashing out £3000 to a recipient. The fee associated with this transaction amounted to £350. This fee was a result of the accumulation of various payments, and as a vendor, it's becoming increasingly challenging to manage these costs, especially considering the site fees. Balancing the need to absorb these fees while also keeping costs down for customers is proving to be quite a complex task. GAW

Shaun657

FOR 22/11/2023

20:40 fees are down to just over £9 it’s going down but slowly 😞 # coinbase

Green Avenger Weed 9.6/10

We need this sorted btc situation going to kill the site.

Omega554

FOR. just like in other systems, adapt or become obsolete. All it takes is for someone to build a better iteration with alternative crypto, and LB is dead. 25/11/23

bpwmemmott

FOR

Shaun657

FOR 22/11/2023

20:40 fees are down to just over £9 it’s going down but slowly 😞 # coinbase

Green Avenger Weed 9.6/10

Keep the conversation going, everyone, and aim for meaningful changes. Sustain the momentum and actively contribute to making impactful adjustments. GAW

Otherlyether

Theyre back up again. Not mental high but high enough ive still got a paymwent stuck unconfirmed two weeks later, a week after the order expired. Total shite. Cant afford another order til that eventually gets back to my wallet and no idea when thatll be. Havent had a smoke since. Pish

Otherlyether

For 26/11/23 20.42

Prime 9.6/10

FOR - 26/11/2023

Emz2460

FOR 25/11

Emz2460

FOR

Green Avenger Weed 9.6/10

Got his responce from cleanup borg.

little biggy does not process payments. we are seeking payment processors with alternative currencies.

Prime 9.6/10

Little help to any vendor or customer, I don’t think anyone is actively seeking as this issue been going on since I joined and most likely before

It’s coming up to Xmas and I would sure love to have my payments for then.

Johnnyh2

FOR -24/11/23

Green Avenger Weed 9.6/10

I've reached out to all borgs, urging them to bring the issue to the attention of the administrators. If each of us sends a message, it could potentially strengthen our case and demonstrate to the administrators that significant changes are necessary for the survival of both vendors and the community. The increasing difficulty posed by fees from both the customer and vendor perspectives needs to be addressed, and collaborative efforts in highlighting these concerns may contribute to a more sustainable solution. GAW