Topic: Closed Thread - page 299. (Read 677685 times)
Really great whitepaper. Good job dev, keep working to make it happen, we will support you
so what good is NODE if everyone will be using USD/EURO on the chain as it has the only real utility?
You will be able to pay for the USD / EUR in the store, and NodeBank will help get cash
Our client is easy to install for Online Store
Sorry do you mean you will be able to pay in store with NODE or be able to purchase USD/EURO with NODE?
He was trying to say, that you are able to buy with fiat trough NODE in online stores!
I understand that. But people will be using the FIAT on NODE network rather than NODEcoin .. So what utility has the coin?
Can you exchange NODEcoin for NODEusd/NODEeuro?
As i understand, for example(maybe wrong)
Bob send 100 USD to Alice through NODE network.
Inside the network, 100 USD converts to 1000 NODE, Alice gets 1000 NODE, and inside the Alice's wallet, 1000 NODE automaticly exchanges to 100 USD.
So there is no difference between NODE and BTC/USD/EUR/CNY/GBP/... It's just like a MARK or a TITLE for your money =)
Best part about it is that they plan on allowing users to be able to use VISA, MasterCard, bank account, etc.
This will make introduction to crypto for the average user much more simpler.
Would this PoA protocol not be susceptible to a "51% attack"? An attacker, with enough nodes running, could simply send large amounts of Node back and forth between accounts (perhaps hundreds of transactions per second), thereby boosting its "spent amount" and take over all forging. Yes, they would pay fees every time, but those fees would start to end back in their own hands, and the fees would be a drop in the bucket if they could manipulate the blockchain and steal money.
What is being done to prevent such an attack?
What is being done to prevent such an attack?
From the whitepaper:
"After syncing with the network, a node will become active, and will be able to generate blocks thus receiving rewards. After connecting to the network, the time of that connection will be recorded and constantly compared with other active nodes. 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, it will: send the intention, sign the block, validate , and consolidate it in the chain. After the generation the node’s NodeHeight is reseted. Time and 24h sent coin amount is calculated again, till the next positive generation call.
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."
so what good is NODE if everyone will be using USD/EURO on the chain as it has the only real utility?
You will be able to pay for the USD / EUR in the store, and NodeBank will help get cash
Our client is easy to install for Online Store
Sorry do you mean you will be able to pay in store with NODE or be able to purchase USD/EURO with NODE?
He was trying to say, that you are able to buy with fiat trough NODE in online stores!
I understand that. But people will be using the FIAT on NODE network rather than NODEcoin .. So what utility has the coin?
Can you exchange NODEcoin for NODEusd/NODEeuro?
As i understand, for example(maybe wrong)
Bob send 100 USD to Alice through NODE network.
Inside the network, 100 USD converts to 1000 NODE, Alice gets 1000 NODE, and inside the Alice's wallet, 1000 NODE automaticly exchanges to 100 USD.
So there is no difference between NODE and BTC/USD/EUR/CNY/GBP/... It's just like a MARK or a TITLE for your money =)
NODE is already accepted in OFFLINE in Ukraine - because at this moment we CAN NOT BUY EUR/USD in BANKS !
They DO NOT SELL IT !!! So every Ukrainian Citizen looking to sell HRYVNYA vs Bitcoin or other crypto.
NODE is our hope, because today it has only NODE gateway, tomorrow NODE/BTC, and in few months NODE/BTC/EUR/USD/HRYVNYA/CNY gateway.
As you can understand, NODE is new way to exchange international currency with no fee and no questions like 'WHERE YOU GET THEY MONEY??'
If you search well, you will discover 'NodeROAD' onion-site that exchanges NODE to some 'stable' currency, just like SilkRoad did =) ..
They DO NOT SELL IT !!! So every Ukrainian Citizen looking to sell HRYVNYA vs Bitcoin or other crypto.
NODE is our hope, because today it has only NODE gateway, tomorrow NODE/BTC, and in few months NODE/BTC/EUR/USD/HRYVNYA/CNY gateway.
As you can understand, NODE is new way to exchange international currency with no fee and no questions like 'WHERE YOU GET THEY MONEY??'
If you search well, you will discover 'NodeROAD' onion-site that exchanges NODE to some 'stable' currency, just like SilkRoad did =) ..
Just finished reading the white paper, much more than I expected. wow!
This is one of the many things that caught my attention the most:
Proof of Action Concept:
" Time
Each node’s active time will be recorded and calculated in seconds, since its last connection. This way a TimeHeight will be determined and used in the algorithm.
Spent Amount
Each extra coin spent will equivalate one unit of time, in this case 1 Node = 1 second. The Spent amount will be calculated within a day timeframe. Those extra units will be added to the timeheight to determine the actual Nodeheight = Timeheight + Units."
And also the easy FIAT gateway.
Good job!
This is one of the many things that caught my attention the most:
Proof of Action Concept:
" Time
Each node’s active time will be recorded and calculated in seconds, since its last connection. This way a TimeHeight will be determined and used in the algorithm.
Spent Amount
Each extra coin spent will equivalate one unit of time, in this case 1 Node = 1 second. The Spent amount will be calculated within a day timeframe. Those extra units will be added to the timeheight to determine the actual Nodeheight = Timeheight + Units."
And also the easy FIAT gateway.
Good job!
i have to read it in detail but from a quick look it is more than expected, although if i am honest, i didnt expect a lot
I guess Nodecoin will have a value. And let's say you have 1000 euros you will be able to buy 2 node (because every node will be 500 euros) and then u go to store click and pay with you node's. Being that anonymous. Then after buying 75 porno movies valued 10 euros each you will have left 0.5 node.
Just finished reading the white paper, much more than I expected. wow!
This is one of the many things that caught my attention the most:
Proof of Action Concept:
" Time
Each node’s active time will be recorded and calculated in seconds, since its last connection. This way a TimeHeight will be determined and used in the algorithm.
Spent Amount
Each extra coin spent will equivalate one unit of time, in this case 1 Node = 1 second. The Spent amount will be calculated within a day timeframe. Those extra units will be added to the timeheight to determine the actual Nodeheight = Timeheight + Units."
And also the easy FIAT gateway.
Good job!
This is one of the many things that caught my attention the most:
Proof of Action Concept:
" Time
Each node’s active time will be recorded and calculated in seconds, since its last connection. This way a TimeHeight will be determined and used in the algorithm.
Spent Amount
Each extra coin spent will equivalate one unit of time, in this case 1 Node = 1 second. The Spent amount will be calculated within a day timeframe. Those extra units will be added to the timeheight to determine the actual Nodeheight = Timeheight + Units."
And also the easy FIAT gateway.
Good job!
so what good is NODE if everyone will be using USD/EURO on the chain as it has the only real utility?
You will be able to pay for the USD / EUR in the store, and NodeBank will help get cash
Our client is easy to install for Online Store
Sorry do you mean you will be able to pay in store with NODE or be able to purchase USD/EURO with NODE?
He was trying to say, that you are able to buy with fiat trough NODE in online stores!
I understand that. But people will be using the FIAT on NODE network rather than NODEcoin .. So what utility has the coin?
Can you exchange NODEcoin for NODEusd/NODEeuro?
so what good is NODE if everyone will be using USD/EURO on the chain as it has the only real utility?
You will be able to pay for the USD / EUR in the store, and NodeBank will help get cash
Our client is easy to install for Online Store
Sorry do you mean you will be able to pay in store with NODE or be able to purchase USD/EURO with NODE?
He was trying to say, that you are able to buy with fiat trough NODE in online stores!
is a 5million marketcap realistic? 
so what good is NODE if everyone will be using USD/EURO on the chain as it has the only real utility?
You will be able to pay for the USD / EUR in the store, and NodeBank will help get cash
Our client is easy to install for Online Store
Sorry do you mean you will be able to pay in store with NODE or be able to purchase USD/EURO with NODE?
Here we describe in more detail
https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit?usp=sharing
Hello all,
i have a noob question.
How do i mine this coin ?
I did download the wallet.
i have a noob question.
How do i mine this coin ?
I did download the wallet.
it's a unique forging system , just read the white paper
At this time forging is set to random! So just by being online, you are able to generate a block!
It will take us a couple of weeks to fully integrate the PoA algorithm in the client!
Check the functional part in the white paper!
so what good is NODE if everyone will be using USD/EURO on the chain as it has the only real utility?
You will be able to pay for the USD / EUR in the store, and NodeBank will help get cash
Our client is easy to install for Online Store
Sorry do you mean you will be able to pay in store with NODE or be able to purchase USD/EURO with NODE?
Any time frame with the fiat gateway? One assumes Node Bank will be a deposit / withdraw acc with a standard bank in some far flung tax haven.
Are there any more details with regard to how investors $ can be safe with this centralised point ?
As you understand most Alt investors are slightly on the para side.
Also may i ask where this centralised point is and who is in charge of it.
Congrats on the white paper very polished. Interested if it all works as stated.
Are there any more details with regard to how investors $ can be safe with this centralised point ?
As you understand most Alt investors are slightly on the para side.
Also may i ask where this centralised point is and who is in charge of it.
Congrats on the white paper very polished. Interested if it all works as stated.
An objective ETA will be the second quarter of 2015!
The security system, is custom built from ground up, by infield specialists, we are aiming to create a “distributed security” network — one that ensures protection throughout the banking process — on your computer, during the transmission of information, and in the bank’s own computer systems.
This project part is still young, so i can'd disclose much! We are focusing our current resources to finish with the crypto part of the project!
Hello all,
i have a noob question.
How do i mine this coin ?
I did download the wallet.
i have a noob question.
How do i mine this coin ?
I did download the wallet.
it's a unique forging system , just read the whitepaper
Hello all,
i have a noob question.
How do i mine this coin ?
I did download the wallet.
i have a noob question.
How do i mine this coin ?
I did download the wallet.
so what good is NODE if everyone will be using USD/EURO on the chain as it has the only real utility?
You will be able to pay for the USD / EUR in the store, and NodeBank will help get cash
Our client is easy to install for Online Store
so what good is NODE if everyone will be using USD/EURO on the chain as it has the only real utility?
Any time frame with the fiat gateway? One assumes Node Bank will be a deposit / withdraw acc with a standard bank in some far flung tax haven.
Are there any more details with regard to how investors $ can be safe with this centralised point ?
As you understand most Alt investors are slightly on the para side.
Also may i ask where this centralised point is and who is in charge of it.
Congrats on the white paper very polished. Interested if it all works as stated.
Are there any more details with regard to how investors $ can be safe with this centralised point ?
As you understand most Alt investors are slightly on the para side.
Also may i ask where this centralised point is and who is in charge of it.
Congrats on the white paper very polished. Interested if it all works as stated.
NODE developers are in close contact with Ukrainian Novator Idea Bank (http://bnk.ua/) , so.. (Dev's, sorry if revealing some secrets).
They are going to be first bank 'on the Bright/Light Side of Power' in Ukraine (as you know, we are having SHITTY CIVIL WAR TIMES AND OUR CURRENCY IS FAAAAAAAAAAAAAALLLING every second).
NODE is not a currency for INVESTORS, NODE is currency for everyday single-user(usual people) usage..
I can buy FOOD in my town with NODE right now, by the way.
Don't know why dev's do not publish all the NODE benefits and currently availeble services, but hope they will do soon...
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