Topic: [ANN][RSU]█ ReserveShare █ NXT AE | FAIR distribution | First POR| UNIQUE Source - page 15. (Read 256312 times)

From the white paper:

" VII. When reserving takes place it is broadcasted to the network, so offline block generation is possible by other peers, no need for keeping the wallet online to get the return. A generated block will be signed by other peers. Example of offline block generating: A puts in reserve X amount, and the reserving is brodcast to B, C, D, E, F, G, H, J peers. D generates a block for A, that is accepted only if B, C, E, F, G, H signs the transaction as valid. "

I am not so sure if i am getting this right, but it sounds like this proposed system is a brain wallet. Isn't POS is a system where a block is created every x amount of time. IN NXT, a block is created every 60 secs, therefore 1440 blocks per day.

Tan, with all respect this is not an answer for my question.
I see that you already in, so I wish you all good luck.

Hi, community.

I read the ann topic from which I got that you are looking for a new dev. My attention were attracted by the previously unknown to me PoR model. After reading through whitepaper I got some questions that most likely would keep me from attempt to implement something similar.

The most important question is about point VII of the Block Generation Method description. The traditional models of block creation (both PoW and PoS) assume that no node is able to create a block at will, so there could be no storm of messages over the network advertising a newly created blocks (if that happens then difficulty is adjusted to meet the target time between such advertisements), and, in a sense, the block creation method itself arbitrages who creates the block.

With PoR model described it is necessary to decide somehow who is the node 'D' (see the whitepaper). To accomplish this some kind of election should be performed over the network but the criteria for this election is completely artificial in relation to the block generation process. Also, it is fine to perform an election when the number of nodes is relatively small. But with growth of the network the number of messages to exchange to complete such election should grow exponentially, as at least 51% of all nodes should confirm to each other that they agree to make some node X the generating one. Thus, the complete idea looks unfeasible to me at least now.

Did you discuss this question somewhere in this thread?

Thank you.

Edited for clarity.

what problem?

Tan,
Do you have any experience building a coin? btw are you from China?

Guys,

I received a pm from an interested developer. I will let you guys to do the interview and let us know your opinion.

tan625747,
I hope you would be able to answer the questions in this thread. And thank you for letting me know your interest.

I have posted / created a new thread on this

https://bitcointalk.org/index.php?topic=838902.new#new

Please support.

We should put more effort in finding a new dev. Would it be a good idea to open a new thread looking for a new developer? What do you guys think?

To the rest, there are no source code available, we have nothing. Best we can do is invite a new developer with a new idea. 

It's the US Securities Exchange Commission and you can read about it's latest ruling that exchanges must apply for money transmtter licenses here.

https://bitcointalksearch.org/topic/spoetnik-warned-you-all-hes-sicking-the-sec-on-your-ass-now-837026

Thanks for your efforts. I believe that if we all should put 10 or 20 % of our RSU, we would find several available dev.

what do youo mean? explain please

what is SEC?

Hey DEV!!!!

Did you read about the SEC???


You're going to jail bitch.
they will find you... 

definitely, he is now enjoying his btc from the shareholders.

Unfortunately I'm not a developer, but I am very willing to contribute towards a bounty to find a dev. I've already offered 20,000 RSU (2% of coin supply) to any dev who gets this up and running

If you can do that, let´s go.

I think basing something on HyperStake might work too.

https://bitcointalksearch.org/topic/hyp-hyperstake-generous-reward-staking-advanced-staking-controls-wallet-678849

It's a reboot of 'truckcoin' blockchain which was PoW, but HyperStake is pure PoS, and it has some very innovative economic features. Very high stake 750%, but it also includes very clever inflation control through having a maximum block reward of 1000HYP.

The innovation with HyperStake is in the 'numbers' and the economics, so we could alter them slightly and see what happens. Maybe change the stake interest to 1000%, with a max block reward of 1500, something like that.

Code would probably be a copy-edit-paste job, so less demanding, but still an interesting experiment.

is the dev run away?

i think it later, this is not easy

forget the dev, he is gone ,
and the coin is dead indeed.

where is the old source code?