Author

Topic: Closed Thread - page 212. (Read 677683 times)

hero member
Activity: 531
Merit: 500
November 10, 2014, 01:56:43 PM
i foge only fees?
ok thank you for the information. this is then NOT my coin.
then this is the same like NXT.. Instead of Proof-of-Stake we Have Proof-of-(Time + Change in Stake )

where do all the coins come from? forging fees is only re-distributing money. ( it will not get more )
it has to be created someday..
i guess the company sold them, and is already rich? ^^

Personally forging for me is a plus. Im not in this coin because of forging. Im in this coin because next year i'll have the need to move my money fast through countries because i'll have to travel a lot and this is what i'm gonna use. Because alternatives are banks.. this means high commisions.. paying taxes in x country.. lot's of controls and they take weeks! If u only think about forging u didnt get what this coin means and the potential. I see many people still having the pump and dump coins mentality which offered x% earning 1º year and 2º year bit less and so on..

This is a payment system which really hit the street with a solid and real use. If u buy now only because of forging u dont get the point.. but this is good because when NODE reach the goal it will be 10x or even 100x times higher than now. But because of not getting the point u will have already sold maybe at 1,5x and will regret later.

When NODE were distribute people paid between 0.05BTC and 1,5BTC.. currently a stake is about 0.4-0.5 BTC. It's still early. NODE already went through the getting rid of dumpers and weak hands and no marketing stage. Marketing started, we have a solid and wide user base and this is just the begin. This is not just about forging.
sr. member
Activity: 450
Merit: 250
November 10, 2014, 01:53:59 PM
Node up now. Smiley

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers
So I'll never find a block only leave the wallet open all the time? Sad

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!
I don't think your score gets reset. You get 1 point for each second/minute/hour (I don't remember) having the wallet opened and 1point for each Node you sent.
If someone finds a block his points are reset to 0 while you still have your points for the open wallet.

If I'm not mistaken Wink
You can mine a block even if just leave wallet open, without transactions.
I personally mined 3 blocks in the last 2 days, without trasaction.
Ok. So the points are cumulative for open wallet while the transactions resets every block?
 

From the White Paper: https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit?pli=1

TimeHeight =  time in seconds
Spent Amount = Each extra coin spent will equivalate one unit of time, in this case 1 Node = 1 second
Nodeheight = Timeheight + Units (Spent Amount)
As soon as a transaction is made, the network will be scouting the most active node by NodeHeight(by the longest activity + Nodes sent in the last 24h). When that node is identified it will be selected to generate the block.
After the generation the node’s NodeHeight is reseted. Time and 24h sent coin amount is calculated again, till the next positive generation call.

Pretty clear.
sr. member
Activity: 393
Merit: 250
November 10, 2014, 01:50:07 PM
Node up now. Smiley

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers
So I'll never find a block only leave the wallet open all the time? Sad

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!
I don't think your score gets reset. You get 1 point for each second/minute/hour (I don't remember) having the wallet opened and 1point for each Node you sent.
If someone finds a block his points are reset to 0 while you still have your points for the open wallet.

If I'm not mistaken Wink
You can mine a block even if just leave wallet open, without transactions.
I personally mined 3 blocks in the last 2 days, without trasaction.
Ok. So the points are cumulative for open wallet while the transactions resets every block?
 

No. both this points reset only after you forge a block and every 24 hours.
legendary
Activity: 1697
Merit: 1074
November 10, 2014, 01:47:45 PM
Node up now. Smiley

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers
So I'll never find a block only leave the wallet open all the time? Sad

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!
I don't think your score gets reset. You get 1 point for each second/minute/hour (I don't remember) having the wallet opened and 1point for each Node you sent.
If someone finds a block his points are reset to 0 while you still have your points for the open wallet.

If I'm not mistaken Wink
You can mine a block even if just leave wallet open, without transactions.
I personally mined 3 blocks in the last 2 days, without trasaction.
Ok. So the points are cumulative for open wallet while the transactions resets every block?
 
sr. member
Activity: 450
Merit: 250
November 10, 2014, 01:46:07 PM
i foge only fees?
ok thank you for the information. this is then NOT my coin.
then this is the same like NXT.. Instead of Proof-of-Stake we Have Proof-of-(Time + Change in Stake )

where do all the coins come from? forging fees is only re-distributing money. ( it will not get more )
it has to be created someday..
i guess the company sold them, and is already rich? ^^

https://docs.google.com/spreadsheet/ccc?key=0AnYj5G7gBeXIdGtHam1UOXlDaDR6VFFZMGp3bVRnSHc&usp=drive_web#gid=4
IPO  ... long time ago  Roll Eyes
sr. member
Activity: 450
Merit: 250
November 10, 2014, 01:44:27 PM
From the White Paper: https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit?pli=1
The fee will be decreased within a 4 trimester plan:
1st trimester: 0.35%
2nd trimester: 0.25%
3rd trimester: 0.15%
4th trimester: 0.1% - fixed, but not less than 0.0001.
full member
Activity: 201
Merit: 100
November 10, 2014, 01:44:08 PM
i foge only fees?
ok thank you for the information. this is then NOT my coin.
then this is the same like NXT.. Instead of Proof-of-Stake we Have Proof-of-(Time + Change in Stake )

where do all the coins come from? forging fees is only re-distributing money. ( it will not get more )
it has to be created someday..
i guess the company sold them, and is already rich? ^^
hero member
Activity: 500
Merit: 500
November 10, 2014, 01:41:08 PM
Node up now. Smiley

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers
So I'll never find a block only leave the wallet open all the time? Sad

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!
I don't think your score gets reset. You get 1 point for each second/minute/hour (I don't remember) having the wallet opened and 1point for each Node you sent.
If someone finds a block his points are reset to 0 while you still have your points for the open wallet.

If I'm not mistaken Wink

1 point for 1 second
1 point for 1 node
you are right

let the wallet open is free, send a node cost 0,35%
sr. member
Activity: 450
Merit: 250
November 10, 2014, 01:38:47 PM
Node up now. Smiley

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers
So I'll never find a block only leave the wallet open all the time? Sad

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!
I don't think your score gets reset. You get 1 point for each second/minute/hour (I don't remember) having the wallet opened and 1point for each Node you sent.
If someone finds a block his points are reset to 0 while you still have your points for the open wallet.

If I'm not mistaken Wink

1 point for 1 second
1 point for 1 node
you are right
legendary
Activity: 1274
Merit: 1000
November 10, 2014, 01:38:10 PM
I just read thet Ukrainian central bank forbade Bitcoin, because of "financial terrorism"... National currency is collapsing in Ukraina. Maybe NODE could use some anonymization + advertising on VK.

Source?

I think is just trolling and fudding.. but if there is collapse then that is great for NODE. Same than with chipre to bitcoin. Anyway.. Ukraine has more than 5000 btc atm and is totally crypto friendly.. and i think central bank has more important things to do than forbidding BTC. And if that was the case that would be great cos then NODE would be the main option there Smiley

Im not troll type of person. I just read it here. I would like to hear more about it from other sources..But I dont know ukrainian, to check out other sites.

http://www.zerohedge.com/news/2014-11-10/ukraine-central-bank-bans-bitcoin-protect-citizens-financing-terrorism

If u go to source they just say they take no responsibility for possible losses if u trade with bitcoin. Like almost every central bank did. Not ban or forbidding.

Source: Ukraine bank http://bank.gov.ua/control/uk/publish/article?art_id=11879608&cat_id=80928


this would be a good time to do a twitter campaign where people tweet about node and how it is bu Ukrainian devs .

perfect time if you ask me

; )
sr. member
Activity: 450
Merit: 250
November 10, 2014, 01:37:49 PM
Node up now. Smiley

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers
So I'll never find a block only leave the wallet open all the time? Sad

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!

You can mine a block even if just leave wallet open, without transactions.
I personally mined 3 blocks in the last 2 days, without trasaction.
hero member
Activity: 984
Merit: 1000
November 10, 2014, 01:31:34 PM
Node up now. Smiley

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers
So I'll never find a block only leave the wallet open all the time? Sad

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!
I don't think your score gets reset. You get 1 point for each second/minute/hour (I don't remember) having the wallet opened and 1point for each Node you sent.
If someone finds a block his points are reset to 0 while you still have your points for the open wallet.

If I'm not mistaken Wink
legendary
Activity: 1697
Merit: 1074
November 10, 2014, 01:28:37 PM
Node up now. Smiley

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers
So I'll never find a block only leave the wallet open all the time? Sad

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!
hero member
Activity: 500
Merit: 500
November 10, 2014, 01:19:11 PM
i read the whitepaper.. ( https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit )

Quote
This is a simple and efficient method to select eligible forgers. In order for it to work properly rules will be involved to eliminate the possibility of gaming the system, for example:
Singles (blocks with only 1 transaction) will not be forged by the sender.
Bounty quest link!

there is nothing metnioned about "how much coins are forged" or how this is prevented..
yes there is a 0.35% fee for existing coins.. but where do the coins come from?




There is no way to know how many coins u can forge. U can forge a block. And that block can contain a 1M transaction or just 10K node transaction. U will forge the "fees" those transactions paid. If u forge a block containing 1M u will forge 3500 NODE.. If u forge the one containing 10k u will forge 35 node. U forge the fees.
exactly. you can't forge more than the fee.
and if you are active to increase your "forging probability", you will forge more blocks but without any warranty on the amount of these blocks. you can receive less "forging reward" than the 0.35% fee that you spent.
hero member
Activity: 531
Merit: 500
November 10, 2014, 01:16:00 PM
Anyway this would be a good moment to show to those people that now there will be another option called NODE. With usd and eur integrated Smiley
hero member
Activity: 531
Merit: 500
November 10, 2014, 01:13:13 PM
I just read thet Ukrainian central bank forbade Bitcoin, because of "financial terrorism"... National currency is collapsing in Ukraina. Maybe NODE could use some anonymization + advertising on VK.

Source?

I think is just trolling and fudding.. but if there is collapse then that is great for NODE. Same than with chipre to bitcoin. Anyway.. Ukraine has more than 5000 btc atm and is totally crypto friendly.. and i think central bank has more important things to do than forbidding BTC. And if that was the case that would be great cos then NODE would be the main option there Smiley

Im not troll type of person. I just read it here. I would like to hear more about it from other sources..But I dont know ukrainian, to check out other sites.

http://www.zerohedge.com/news/2014-11-10/ukraine-central-bank-bans-bitcoin-protect-citizens-financing-terrorism

If u go to source they just say they take no responsibility for possible losses if u trade with bitcoin. Like almost every central bank did. Not ban or forbidding.

Source: Ukraine bank http://bank.gov.ua/control/uk/publish/article?art_id=11879608&cat_id=80928
sr. member
Activity: 393
Merit: 250
November 10, 2014, 01:08:44 PM
I just read thet Ukrainian central bank forbade Bitcoin, because of "financial terrorism"... National currency is collapsing in Ukraina. Maybe NODE could use some anonymization + advertising on VK.

Source?

I think is just trolling and fudding.. but if there is collapse then that is great for NODE. Same than with chipre to bitcoin. Anyway.. Ukraine has more than 5000 btc atm and is totally crypto friendly.. and i think central bank has more important things to do than forbidding BTC. And if that was the case that would be great cos then NODE would be the main option there Smiley

Im not troll type of person. I just read it here. I would like to hear more about it from other sources..But I dont know ukrainian, to check out other sites.

http://www.zerohedge.com/news/2014-11-10/ukraine-central-bank-bans-bitcoin-protect-citizens-financing-terrorism

On the site of National Bank of Ukraine said that it is not regulated currency so all risks for payments in BTC lays uppon people and companies which are using it. And that NBU as national financial governor take no responsibility for possible losses.

It is just warning. They didn't forbid it.
full member
Activity: 223
Merit: 100
🌟 æternity🌟 blockchain🌟
November 10, 2014, 01:00:30 PM
I just read thet Ukrainian central bank forbade Bitcoin, because of "financial terrorism"... National currency is collapsing in Ukraina. Maybe NODE could use some anonymization + advertising on VK.

Source?

I think is just trolling and fudding.. but if there is collapse then that is great for NODE. Same than with chipre to bitcoin. Anyway.. Ukraine has more than 5000 btc atm and is totally crypto friendly.. and i think central bank has more important things to do than forbidding BTC. And if that was the case that would be great cos then NODE would be the main option there Smiley

Im not troll type of person. I just read it here. I would like to hear more about it from other sources..But I dont know ukrainian, to check out other sites.

http://www.zerohedge.com/news/2014-11-10/ukraine-central-bank-bans-bitcoin-protect-citizens-financing-terrorism
hero member
Activity: 531
Merit: 500
November 10, 2014, 12:58:06 PM
i read the whitepaper.. ( https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit )

Quote
This is a simple and efficient method to select eligible forgers. In order for it to work properly rules will be involved to eliminate the possibility of gaming the system, for example:
Singles (blocks with only 1 transaction) will not be forged by the sender.
Bounty quest link!

there is nothing metnioned about "how much coins are forged" or how this is prevented..
yes there is a 0.35% fee for existing coins.. but where do the coins come from?




There is no way to know how many coins u can forge. U can forge a block. And that block can contain a 1M transaction or just 10K node transaction. U will forge the "fees" those transactions paid. If u forge a block containing 1M u will forge 3500 NODE.. If u forge the one containing 10k u will forge 35 node. U forge the fees.
Jump to: