Dev Meeting Transcript (September 10, 2021)

[4:00 PM] brianmct: Channel open!

[4:02 PM] kralverde 🇺🇸 {CULT OF JOE}: Howdy

[4:02 PM] kinkajou: Hello! :wave:

[4:03 PM] kralverde 🇺🇸 {CULT OF JOE}: I hear p2sh is officially ready? Just waiting on an audit?

[4:05 PM] Sevvy (CIO of THE GROUP): Hi

[4:06 PM] Tron: The audit will be paid for on Monday from the audit fund and the needed funds are already in USDC. There is a meeting with ISE.io on Tuesday. They can start the code audit on Sept 20th.

[4:10 PM] kralverde 🇺🇸 {CULT OF JOE}: Whens the audit expected to end?

[4:10 PM] Tron: I expect 2-3 weeks, but I'll have better info after the meeting on Tuesday.

[4:14 PM] kinkajou: What's next for Ravencoin after that is completed? Has there been more thought given to Hans_Schmidt Evermore proposal?

[4:17 PM] kralverde 🇺🇸 {CULT OF JOE}: Yeah id imagine segwit and hans’ proposal

[4:20 PM] Vincent: My [general] thoughts hans proposal… we should keep RVN simple… BTC could have created an asset layer, but they didn't… Evermore should be a new coin

[4:20 PM] JustaResearcher: Segwit would be nice.

[4:21 PM] kralverde 🇺🇸 {CULT OF JOE}: We can definitely experiment on some kind of testnet fork

[4:23 PM] kinkajou: Agreed. We are missing out on a lot of potential functionality not being current with Bitcoin. One of the main advantages of being a Bitcoin code fork is being able to utilize their development resources to improve Ravencoin's technology. Bringing our codebase up-to-date could potentially bring a lot of new developers to RVN.

[4:24 PM] kinkajou: Though the new features of Evermore might very well have the same result.

[4:24 PM] push: Hey all

[4:24 PM] Tron: We should talk about this. There are some parts of the proposed roadmap that could put Ravencoin in a category that could prevent Coinbase, and Kraken from listing it.

[4:24 PM] push: I'm working on the next release of RavencoinOS and I wanted to ask, when the next binaries could be expected to be released for Ravencoin?

[4:25 PM] Sevvy (CIO of THE GROUP): I think the community has largely rejected the dev fund element but wants added functionality

[4:25 PM] kinkajou: Which parts specifically do you think might be a problem? I assume the funding mechanism, but are there any others?

[4:25 PM] Vincent: yeah, that's why i said 'general'… maybe cherry pick some features

[4:25 PM] kralverde 🇺🇸 {CULT OF JOE}: If you trust the code w/o the audit, its frozen on gh rn

[4:26 PM] kralverde 🇺🇸 {CULT OF JOE}: The qt sig repo

[4:26 PM] Sevvy (CIO of THE GROUP): Dev fund concept is basically a non starter

[4:26 PM] push: thats great kralverde 🇺🇸 {CULT OF JOE} well, I could potentially preload that and wait for the audit to give it a pass

[4:26 PM] push: thanks :PES_ThumbsUp:

[4:26 PM] kralverde 🇺🇸 {CULT OF JOE}: https://github.com/RavenProject/Ravencoin/tree/develop

[4:26 PM] Sevvy (CIO of THE GROUP): Whalest offered to pay for evermore development if raven can reclaim some higher price levels

[4:27 PM] kralverde 🇺🇸 {CULT OF JOE}: if

[4:27 PM] push: when

[4:28 PM] Sevvy (CIO of THE GROUP): Perhaps the community could also coordinate to fund it

[4:28 PM] Tron: We're probably looking at about 5 weeks out if there are no serious issues found in the security audit. The P2SH feature activation will take longer.

[4:28 PM] push: thanks Tron I appreciate the answer. great

[4:29 PM] Tron: The stablecoin proposals are up at https://ravencoin.foundation/stablecoin_proposals

[4:29 PM] push: someone brought up again the mobile wallet problems, and the way android wallet treats asset utxo. thought id remention it if nobody else did earlier

[4:29 PM] Tron: The donation addresses are being funded.

[4:29 PM] Sevvy (CIO of THE GROUP): Another of our key benefactors was apparently not even aware that the proposal existed

[4:29 PM] Sevvy (CIO of THE GROUP): I suggest translating it into korean

[4:30 PM] Tron: There are mining pools contributing.

[4:30 PM] kralverde 🇺🇸 {CULT OF JOE}: How solid is google translate :thinking:

[4:30 PM] Sevvy (CIO of THE GROUP): This goes for evermore and other proposals

[4:30 PM] Sevvy (CIO of THE GROUP): Sorry. Bad reception. Messages are lagging behind their own context

[4:30 PM] push: not that solid with korean hehe

[4:43 PM] push: I'm proud to announce Ravenclause released another IPFS uploading service a few days ago, a link can be found on the rvnclause twitter. Big thanks to CryptoLifeCrisis and Rikki RATTOE – RVNFT.art for their encouragement.

[4:45 PM] CryptoLifeCrisis: Seriously , great work Push! :mechanical_arm:

[4:45 PM] push: appreciate it man, much more to come ahead. :PES_ThumbsUp:

[4:46 PM] push: go ravencoin nft's, ravencoin business, ravencoin wallstreet

[4:46 PM] push: excited for the what the next months and years hold ladies and gentleman. Thanks to all for keeping the dream alive

[4:48 PM] Tron: Thanks Push. It's great to have you back.

[4:48 PM] push: Thanks Tron, I feel the same way.

[4:54 PM] dan99abram: Tron what current projects is Raven working on? When do they plan on being released?

[4:55 PM] Hans_Schmidt: Hi y'all

[4:56 PM] Tron: Focus at the moment is making sure there are no security issues with the current changes (for P2SH and new improvements) and getting that into everyone's hands.

[4:56 PM] Tron: We might be too cautious, but there is over $1 billion on the line. It's worth some extra effort.

[4:57 PM] dan99abram: Thanks for answering! Tron

[4:59 PM] push: $1 billion on the line indeed. I remember when people told me several years ago, when Ravencoin mcap was only a few million, it was absurd to anyone to believe that ravencoin could make a $1bn market capitalization. Less surprised today are the people I spoke to then, at my then suggestion the chain will one day be double or possible triple digit in billions of its market capitalization. It is well known that the US bonds market alone commands about $100tn of capitalization. Ravencoin is much more than a way of life, it is a new way of doing business.

[5:00 PM] Hans_Schmidt: Yes, the regulatory climate is getting tricky. I still love Ravencoin and I believe that RVN can do Defi better without Ethereum or the EVM. But if the SEC insists that paying interest on a coin is illegal, then all of Defi is illegal.

[5:06 PM] Tron: This video explains the current regulatory climate, and this is from a crypto guy (Gary Gensler – SEC chair – formerly MIT). https://m.youtube.com/watch?v=tusQLLCgrDs Ravencoin currently has the advantage in this environment because it was launched cleaner than ETH, EOS, SOL, XRP, etc.

[5:12 PM] Hans_Schmidt: Ravencoin's "purity" does have strength. I just want to do good engineering. But we also need to navigate the legal minefield. Lots to think about.

[5:12 PM] push: Hans_Schmidt agreed, EVM is not necessary for securities. There is in fact many reasons why one might not want EVM. Bitcoin has a simplicity which makes it unique for currency and asset issuance that is instep with regulatory requirements that already exists, including restricted assets, etc. Even if a persons 'type of usage' of a chains tools is not considered proper or authorized by some government entity thru other asset types or uses, certainly Ravencoin chain provides ample and intentional functionality for replication of legacy securities and bond and traditional dividend issuance in what will likely be close but in fact more efficient, better regulated, and potentially SEC compliant means, of operating in international markets.

[5:12 PM] push: amen

[5:16 PM] JustaResearcher: If we do get segwit, we will have to make sure it’s implemented. Hopefully we can use LTC as an example and not BTC.

[5:16 PM] kralverde 🇺🇸 {CULT OF JOE}: How do you mean?

[5:17 PM] JustaResearcher: I mean BTC segwit wasn’t super quick to be adopted as a TX type. Many fell back on legacy for awhile.

[5:17 PM] JustaResearcher: Last I heard it was still close to 70% of tx

[5:21 PM] JustaResearcher: I think it wasn’t until dec 2020 that binance adopted segwit. Not sure why LTC had seemingly such quick Adoption compared to BTC but last I heard it was closer to 90% of tx in ltc were segwit

[5:22 PM] Tron: I'll be in Austin on Sept 22nd on a live-streamed panel on why Ravencoin is best for tokenized securities (conference by Vertalo) – demonstrating in a smackdown why Ravencoin is better than Hadera and BSV. On Sept 24th, I'll be on the NiceHash episode talking about Ravencoin. On Oct 1, I'll be presenting at the Utah Bitcoin Conference (on What is Mining (for beginners), and Ravencoin – Making your own coin in 30 seconds). In Nov, I'll be in Miami to talk about P2SH and integration with AtomicDex (Komodo). Then the Ravencoin meetup (cruise). I gotta run, but I'll come back here and get caught up with the rest of the conversation.

[5:24 PM] JustaResearcher: Sounds like you got a busy schedule Tron – appreciate all you do!

[5:26 PM] brianmct: going to close up the channel in 5 mins unless folks have other stuff they wanna discuss

[5:27 PM] kinkajou: Want to mention the stablecoin proposals again: https://ravencoin.foundation/stablecoin_proposals/

In case any forgot/haven't seen them. OpenDAO in particular seems to be getting a lot of interest.

[5:27 PM] push: Thanks all :peepoBlanketThumbs: also thanks kinkajou for being such a dude

[5:28 PM] kinkajou: Thank YOU for continuing to innovate exciting new tools for Ravencoin! :rvn:

[5:29 PM] push: :PES_CowboyLove:

[5:29 PM] push: ta mate, y'all make it worth it