When was the last time developers replied? Maybe they're gone? 
Yesterday Dev posted a new version and koop4u also replied to some questions, What is wrong with you? you expect devs to come here after every hour and post comments?
Topic: Closed Thread - page 286. (Read 677683 times)
Yesterday Dev posted a new version and koop4u also replied to some questions, What is wrong with you? you expect devs to come here after every hour and post comments?
When was the last time developers replied? Maybe they're gone?
Yep thats it!
I read about PoA and I am really happy to see a new innovation. Basically, the way I understand it is that the longer a person leaves their wallet (node) running the higher their priority. If a person in addition to this sends out coins, they get a bonus for each coin they send out and that bonus basically adds one second of time to their node. The node with the highest "time" on the network gets to forge. (in this case "time" equals real time + one bonus second for each coin spent). Is this a correct understanding of PoA?
I really like POA.. similar to a concept I worked on for another hypothetical coin.
I think we should setup a separate Forum for NODE to discuss these things..one thread on btt is too constrained with too much clutter.. Need a dedicated place to delve deeper into these conversations without the background noise..
Will post some thoughts on on the algo when I have a chance.
I think we should setup a separate Forum for NODE to discuss these things..one thread on btt is too constrained with too much clutter.. Need a dedicated place to delve deeper into these conversations without the background noise..
Will post some thoughts on on the algo when I have a chance.
Koop or Silk,
When are you planning to lower the transaction fees?
thanks,
boestin
When are you planning to lower the transaction fees?
thanks,
boestin
Try to read whitepaper
I actually have tried to read it
But there is not a "hard" date set. look:
Quote
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.
1st trimester: 0.35%
2nd trimester: 0.25%
3rd trimester: 0.15%
4th trimester: 0.1% - fixed, but not less than 0.0001.
I guees counting starts from the day when Bter added NODE.
Koop or Silk,
When are you planning to lower the transaction fees?
thanks,
boestin
When are you planning to lower the transaction fees?
thanks,
boestin
Try to read whitepaper
I actually have tried to read it
But there is not a "hard" date set. look:
Quote
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.
1st trimester: 0.35%
2nd trimester: 0.25%
3rd trimester: 0.15%
4th trimester: 0.1% - fixed, but not less than 0.0001.
This is not good. Why I should by this if I can forge it without any coins?
The forging is based on POA (proof of activity) .. The more active your node the more likely you are to generate the next block. It is actually much more fair than traditional POS forging.
read about it in the white paper here > https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit
The forging is based on POA (proof of activity) .. The more active your node the more likely you are to generate the next block. It is actually much more fair than traditional POS forging.
read about it in the white paper here > https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit
Typo
Q: How does the Magic happen?
Basically the FIat Module -> Basically the Fiat Module
and content change
Important! Bitcoins are kept in your account, and you are the sole proprietor of them! Node can’t, by any means, inflict with your bitcoin account. -> (interact/interfere) your bitcoin account
Do I get a bounty? hahaha
This is very important, I bet there are already people setting up thousands of wallets for forging. A minimum balance would make this more difficult and could stimulate normal users to set up extra nodes, improving security.
And we will be back to nxt forging system but with insta transactions and liteweight blockchain. Why reinvent the wheel if we can improve it?
Except that's not at all where it'll be at. It'll still be PoA but with a requirement for having a minimum buy in in order to forge. Prevents "spam" of forging accounts, the same reason why transaction fees exist at particular levels of cost (preventing spam of transactions bloating the blockchain, etc).
This is very important, I bet there are already people setting up thousands of wallets for forging. A minimum balance would make this more difficult and could stimulate normal users to set up extra nodes, improving security.
And we will be back to nxt forging system but with insta transactions and liteweight blockchain. Why reinvent the wheel if we can improve it?
Like any other system - Rules need to be set, in order to avoid vicious intent!
We specified an example of those rules in the white-paper and i don't know if you guys perceived my intention of making the rule setting a community quest!
In my opinion: one head is ok, a dozen of heads is ok*10!
A rule example is: Singles (blocks with only 1 transaction) will not be forged by the sender. This rule will make sure not to let senders of a single transaction block receive the fee.
I would like the community to understand the forging mechanism and help us find vulnerabilities and solutions to them!
Making this an open debate will cover our needs and engage individuals into constructive discussions!
*The link on the WhitePaper & Announcements will be made after the page is set!
There are no possible rules that will help against someone who will be using dozen of clients until there is no rule about zero balances. To get protected from multiaccounting we need to add rule about non zero balances that can forge. I say leave the rule about time spend and transactions but add some coefficient that depends on account balance. And if balance is 0 then then this coefficient is zero and all probability is 0 as well.
This is very important, I bet there are already people setting up thousands of wallets for forging. A minimum balance would make this more difficult and could stimulate normal users to set up extra nodes, improving security.
Like any other system - Rules need to be set, in order to avoid vicious intent!
We specified an example of those rules in the white-paper and i don't know if you guys perceived my intention of making the rule setting a community quest!
In my opinion: one head is ok, a dozen of heads is ok*10!
A rule example is: Singles (blocks with only 1 transaction) will not be forged by the sender. This rule will make sure not to let senders of a single transaction block receive the fee.
I would like the community to understand the forging mechanism and help us find vulnerabilities and solutions to them!
Making this an open debate will cover our needs and engage individuals into constructive discussions!
*The link on the WhitePaper & Announcements will be made after the page is set!
There are no possible rules that will help against someone who will be using dozen of clients until there is no rule about zero balances. To get protected from multiaccounting we need to add rule about non zero balances that can forge. I say leave the rule about time spend and transactions but add some coefficient that depends on account balance. And if balance is 0 then then this coefficient is zero and all probability is 0 as well.
Koop or Silk,
When are you planning to lower the transaction fees?
thanks,
boestin
When are you planning to lower the transaction fees?
thanks,
boestin
Try to read whitepaper
Koop or Silk,
When are you planning to lower the transaction fees?
thanks,
boestin
When are you planning to lower the transaction fees?
thanks,
boestin
Wallet a little humanity, hoping to improve, the block loading slow
There are some misspellings in the client.
Blockchain verified complaite, wait synced blocks. -> Blockchain verification complete, wait for blocks synced.
Blockchain verified blocks. Verified 1338 of 2705 -> Blocks are being verified. Verified 1338 of 2705
Verified 1338 of 2705 -> Verified 1338 of 2705. (point was missing)
I am no native english speaker. Maybe somebody else can take a look.
And please rename c:\nxtl to c:\node or c:\nodemoney. Nxtl is history.
Blockchain verified complaite, wait synced blocks. -> Blockchain verification complete, wait for blocks synced.
Blockchain verified blocks. Verified 1338 of 2705 -> Blocks are being verified. Verified 1338 of 2705
Verified 1338 of 2705 -> Verified 1338 of 2705. (point was missing)
I am no native english speaker. Maybe somebody else can take a look.
And please rename c:\nxtl to c:\node or c:\nodemoney. Nxtl is history.
How many coins I need to have in my wallet for forging?
The beauty is you don't need any!
Forging is to be based on wallet up time and wallet activity(sent transactions).
The forging is based on POA (proof of activity) .. The more active your node the more likely you are to generate the next block. It is actually much more fair than traditional POS forging.
How many coins I need to have in my wallet for forging?
The beauty is you don't need any!
Forging is to be based on wallet up time and wallet activity(sent transactions).
The forging is based on POA (proof of activity) .. The more active your node the more likely you are to generate the next block. It is actually much more fair than traditional POS forging.
read about it in the white paper here > https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit
How many coins I need to have in my wallet for forging?
The beauty is you don't need any!
Forging is to be based on wallet up time and wallet activity(sent transactions).
How many coins I need to have in my wallet for forging?
The beauty is you don't need any!
Forging is to be based on wallet up time and wallet activity(sent transactions).
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