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Topic: Closed Thread - page 193. (Read 677683 times)

full member
Activity: 123
Merit: 100
November 14, 2014, 10:13:21 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html

I noticed, that only two accounts forging last blocks. Can we state, that NODE PoA is easy gamed?

It is easily gamed in a small population just like if BTC had been a second generation concurrency and there was already competition for cryptos it would be easy for a large hashing pool to come in and mine all of the BTC. After the population grows doing this kind of manipulation will become a loosing game, a REALLY BAD loosing game. If people would just keep their nodes logged in after 5 days they would accumulate about 500k node worth of activity and once these guys lost a few of those large transaction fees this would stop. The problem is the pool of nodes is small and people aren't sticking around for the 5 days needed to make this a bad bet. The other thing is if there is enough competition for gaming then it quickly becomes a ponzi scheme in which a few gamers earn the node of the rest of the gamers and then price them out of the game. If you stick around a while this will stop. I also think the Devs are working on a short term solution to this problem till the node pool grows but until the update comes out this is the situation we are left with.

I proposed to Silk to decreace reward to every NODE sent. Now it's 1 NODE = 1 point. So sending 30k I can easily overrun people who had client open for over 8 hours. 90k - and people who are sending no txs have no chances, because points reset every 24 hours (if I understant correctly).

My understanding is the tx points reset every 24hrs but not the time. The white paper was kind of vague on this point (understandably since it was only translated to English not written in English). If you are correct the only way to beat the game is to play, this will remain true even after the pool grows, a very poor structure if you ask me and I will probably not stick around if that is the long term plan. If I am correct you only have to wait it out. We will see, code is not out and Devs will have an announcement on Monday.  Smiley
sr. member
Activity: 393
Merit: 250
November 14, 2014, 10:04:53 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html

I noticed, that only two accounts forging last blocks. Can we state, that NODE PoA is easy gamed?

It is easily gamed in a small population just like if BTC had been a second generation concurrency and there was already competition for cryptos it would be easy for a large hashing pool to come in and mine all of the BTC. After the population grows doing this kind of manipulation will become a loosing game, a REALLY BAD loosing game. If people would just keep their nodes logged in after 5 days they would accumulate about 500k node worth of activity and once these guys lost a few of those large transaction fees this would stop. The problem is the pool of nodes is small and people aren't sticking around for the 5 days needed to make this a bad bet. The other thing is if there is enough competition for gaming then it quickly becomes a ponzi scheme in which a few gamers earn the node of the rest of the gamers and then price them out of the game. If you stick around a while this will stop. I also think the Devs are working on a short term solution to this problem till the node pool grows but until the update comes out this is the situation we are left with.

I proposed to Silk to decreace reward to every NODE sent. Now it's 1 NODE = 1 point. So sending 30k I can easily overrun people who had client open for over 8 hours. 90k - and people who are sending no txs have no chances, because points reset every 24 hours (if I understant correctly).
legendary
Activity: 1708
Merit: 1000
Reality is stranger than fiction
November 14, 2014, 10:04:00 AM
If POA can be easily manipulated by creating lots of txs between wallets, then that's a big disadvantage of NODE imho.

POA needs to find a way to encourage users to perform transactions, but it needs to verify that this transactions belong to a different person. In this case, the pseudoanonymity of cryptos forbids that..
full member
Activity: 123
Merit: 100
November 14, 2014, 09:59:09 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html

I noticed, that only two accounts forging last blocks. Can we state, that NODE PoA is easy gamed?

It is easily gamed in a small population just like if BTC had been a second generation concurrency and there was already competition for cryptos it would be easy for a large hashing pool to come in and mine all of the BTC. After the population grows doing this kind of manipulation will become a loosing game, a REALLY BAD loosing game. If people would just keep their nodes logged in after 5 days they would accumulate about 500k node worth of activity and once these guys lost a few of those large transaction fees this would stop. The problem is the pool of nodes is small and people aren't sticking around for the 5 days needed to make this a bad bet. The other thing is if there is enough competition for gaming then it quickly becomes a ponzi scheme in which a few gamers earn the node of the rest of the gamers and then price them out of the game. If you stick around a while this will stop. I also think the Devs are working on a short term solution to this problem till the node pool grows but until the update comes out this is the situation we are left with.
sr. member
Activity: 393
Merit: 250
November 14, 2014, 09:57:02 AM

We will try:


Would not it be interesting to add a weight depending on the volume traded in each transaction.
The formula that is available? I would like to analyze.

Good luck)

No idea about formula.
full member
Activity: 123
Merit: 100
November 14, 2014, 09:50:53 AM
What in terms of network security does Node sacrifice to make instant transactions happend?

In some ways it is more secure. What you sacrifice is that it is possible for a "Bad" forger to get lucky every once in a while and if he just so happens to be ready he could forge a bad block. This is analogous to the ability of a "Bad" hasher with less hashing power getting lucky and hashing a block in BTC allowing him to double spend but a lot of things would have to go just right. VERY LOW probability. The thing it solves is the 51% attack because in a 51% attack the "Bad" Hasher can just out run the good ones and get almost all of the blocks. With PoA even if the "Bad" forger has 75% of the node Activity (I'm just going to call it that without going in to the math of spending verses time) the good nodes still get to forge 25% of the blocks making his double spend effective only 25% of the time and quickly revealing who he is. Basically the 51% attack has now become a 90% attack. also the network distribution should be better so it makes it harder to cut off a large portion of the network by disconnecting a few nodes.

Read more here http://eprint.iacr.org/2014/452.pdf it's not a fun read at all but there is some good stuff in there.
full member
Activity: 182
Merit: 100
November 14, 2014, 09:31:26 AM
What in terms of network security does Node sacrifice to make instant transactions happend?
sr. member
Activity: 322
Merit: 250
Super Smash Bros. Ultimate Available Now!
November 14, 2014, 09:30:13 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html

I noticed, that only two accounts forging last blocks. Can we state, that NODE PoA is easy gamed?
i don't know. somebody out there take advantage with Node POA
Looks like so, there should be some kind of function where the same account could not forge next 10 blocks if there are more than 10 peers.

I already said those are mines accs. FYI I made today only 2 txs, each 30k. POA working. Noone makes txs.

We will try:


Would not it be interesting to add a weight depending on the volume traded in each transaction.
The formula that is available? I would like to analyze.

so, to try must have minimum 2 account with balance 500k each and you must have total 1 million node, right?

Yeep. It has 820k and 519k.

ok, if you made good amount with this way, don't forget to donate me. look my node address in my signature   Tongue Grin
full member
Activity: 231
Merit: 100
November 14, 2014, 09:26:11 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html

I noticed, that only two accounts forging last blocks. Can we state, that NODE PoA is easy gamed?
i don't know. somebody out there take advantage with Node POA
Looks like so, there should be some kind of function where the same account could not forge next 10 blocks if there are more than 10 peers.

I already said those are mines accs. FYI I made today only 2 txs, each 30k. POA working. Noone makes txs.

We will try:


Would not it be interesting to add a weight depending on the volume traded in each transaction.
The formula that is available? I would like to analyze.

so, to try must have minimum 2 account with balance 500k each and you must have total 1 million node, right?

Yeep. It has 820k and 519k.
sr. member
Activity: 322
Merit: 250
Super Smash Bros. Ultimate Available Now!
November 14, 2014, 09:22:17 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html

I noticed, that only two accounts forging last blocks. Can we state, that NODE PoA is easy gamed?
i don't know. somebody out there take advantage with Node POA
Looks like so, there should be some kind of function where the same account could not forge next 10 blocks if there are more than 10 peers.

I already said those are mines accs. FYI I made today only 2 txs, each 30k. POA working. Noone makes txs.

We will try:


Would not it be interesting to add a weight depending on the volume traded in each transaction.
The formula that is available? I would like to analyze.

so, to try must have minimum 2 account with balance 500k each and you must have total 1 million node, right?
full member
Activity: 231
Merit: 100
November 14, 2014, 09:18:01 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html

I noticed, that only two accounts forging last blocks. Can we state, that NODE PoA is easy gamed?
i don't know. somebody out there take advantage with Node POA
Looks like so, there should be some kind of function where the same account could not forge next 10 blocks if there are more than 10 peers.

I already said those are mines accs. FYI I made today only 2 txs, each 30k. POA working. Noone makes txs.

We will try:


Would not it be interesting to add a weight depending on the volume traded in each transaction.
The formula that is available? I would like to analyze.
sr. member
Activity: 393
Merit: 250
November 14, 2014, 08:55:16 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html

I noticed, that only two accounts forging last blocks. Can we state, that NODE PoA is easy gamed?
i don't know. somebody out there take advantage with Node POA
Looks like so, there should be some kind of function where the same account could not forge next 10 blocks if there are more than 10 peers.

I already said those are mines accs. FYI I made today only 2 txs, each 30k. POA working. Noone makes txs.
3x2
legendary
Activity: 1526
Merit: 1004
November 14, 2014, 08:49:59 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html

I noticed, that only two accounts forging last blocks. Can we state, that NODE PoA is easy gamed?
i don't know. somebody out there take advantage with Node POA
Looks like so, there should be some kind of function where the same account could not forge next 10 blocks if there are more than 10 peers.
sr. member
Activity: 322
Merit: 250
Super Smash Bros. Ultimate Available Now!
November 14, 2014, 08:48:42 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html

I noticed, that only two accounts forging last blocks. Can we state, that NODE PoA is easy gamed?
i don't know. somebody out there take advantage with Node POA
full member
Activity: 231
Merit: 100
November 14, 2014, 08:43:17 AM
Hello there
As instructed by koop4u, I am releasing the app in public testing phase.
Here are the apps

Windows 8.1 : http://apps.microsoft.com/windows/en-us/app/node/303e7496-b6ae-4019-a4b3-6bca3bba19df
Windows Phone 8.1 : http://www.windowsphone.com/en-us/store/app/node/35f97a7d-de74-40e0-b4ba-a491c4731cae
Android: http://www.filedropper.com/comnodesbscukskmeobgfsw

I would be grateful for anyone who downloads the app and give me feedback on the thread.
Thanks
Ahmed

What this app do?

Just for news reading?
Yes ! Could you please test it.

I'll try later at home on windows 10.  Wink
sr. member
Activity: 393
Merit: 250
November 14, 2014, 08:42:54 AM

He intentionally pumped BBR and BTCD, i think you dont follow him much?


No I didn't. Thanks.
sr. member
Activity: 357
Merit: 251
November 14, 2014, 08:32:09 AM
Hello there
As instructed by koop4u, I am releasing the app in public testing phase.
Here are the apps

Windows 8.1 : http://apps.microsoft.com/windows/en-us/app/node/303e7496-b6ae-4019-a4b3-6bca3bba19df
Windows Phone 8.1 : http://www.windowsphone.com/en-us/store/app/node/35f97a7d-de74-40e0-b4ba-a491c4731cae
Android: http://www.filedropper.com/comnodesbscukskmeobgfsw

I would be grateful for anyone who downloads the app and give me feedback on the thread.
Thanks
Ahmed

What this app do?

Just for news reading?
Yes ! Could you please test it.
legendary
Activity: 1162
Merit: 1005
November 14, 2014, 08:31:10 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html

I noticed, that only two accounts forging last blocks. Can we state, that NODE PoA is easy gamed?
3x2
legendary
Activity: 1526
Merit: 1004
November 14, 2014, 08:26:18 AM
You cant compare BTC with BBR, BTC was entirely a different case, jl777 personally said that he bought cheap bbr and then comes the supernet pump and hype and after that we all know what happened. BTC was also hyped but people believed in technology and also the sudden increase in price was not because of one single entity.

But jl777 not always makes good desisions. He also bought FunBotAsset on NXT AE, for instance, which turned to be a scam. So? Is it his fault that people blindly follow his moves? He is not a god. Just realy great and honest dev. IMO

Plus from your words I understood it like he sold all of his BBR which was bought right after hype. Are you sure about it?

He intentionally pumped BBR and BTCD, i think you dont follow him much?

excited how supernet integration will do, james has been absent in this thread for a while..

He's been absent in the market, too.

Absent, or on the sell side?   Wink

He who pumpeth, shalt dumpeth away!   Cheesy

I know you're probably joking but I'm almost certain that none of the selling is associated with jl777.
If you are not 100% sure why comment then?

Sockpuppet
I've pretty busing coding:
https://bitcointalksearch.org/topic/m.9313397

James

P.S. I have never used any sockpuppet
You have traders to sell.

You are not one man show, your word says nothing in this matter, sorry.

Klee said something and its look like he was correct.
sr. member
Activity: 322
Merit: 250
Super Smash Bros. Ultimate Available Now!
November 14, 2014, 08:22:28 AM
just found this Make $500 per day with NodeCoin Crypto currency  Shocked
http://nodecoin.blogspot.com/2014/11/how-to-make-500-per-day-with-NodeCoin-Crypto-currency.html
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