NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1315.

isasim

jr. member

Activity: 33

Merit: 20

Quote from: xtester on March 29, 2015, 05:39:11 PM

Important News - NEM is launching!

The waiting period is finally over. The Nemesis block is now complete, Main Net testing is running as planned and everything else appears to be prepared for launch. Thus, we are very happy to announce the official launch date for NEM: 31 March 2015 - at 19:00 UTC.

Important Note: Despite best intentions the above mentioned launch date is a tentative one and we reserve the right to change it if any critical issue would arise in the meantime that could endanger the NEM network.

You can also read a complete update on NEM in Newsletter #10.

P.S. A big thank you goes to our dev team, marketing team and community helpers who have been working hard to get all this ready.

See you at launch,
The NEM Team

WOW, Good news!

Kolbas

sr. member

Activity: 342

Merit: 250

Congratulations!
And I like the new guitar plectrum logo.

rockethead

legendary

Activity: 1059

Merit: 1016

Quote from: Anon136 on March 29, 2015, 05:49:11 PM

Quote from: Come-from-Beyond on March 29, 2015, 04:34:45 PM

Quote from: BloodyRookie on March 29, 2015, 03:56:03 PM

Balance, coin age, incoming and outgoing transactions play a role in calculating the importance. Having the importance the rest is a deterministic random algorithm like nxt.

Litmus test: Does chance of generating a block depend on a snapshot of the system only? (Without taking into account state transitions like transactions.)

CFB I put some weight in your judgement. You very clearly understood nxt (you were the one who explained it to me) and you understood the reason behind all of its various mechanisms, the attack vectors that it faced, and how it cleverly dealt with them. I really very highly doubt that this "Balance, coin age, incoming and outgoing transactions play a role in calculating the importance." wont be able to be gamed. I'm already imagining the attack vectors in my head. Someone creating a ton of accounts and interacting with himself between his accounts inorder to make his activity appear valid in accordance with the demands of w/e schemes the dev comes up with. What do you think?

*edit* i need to point out that im not saying that the system wont be secure, the extent to which it is proof of stake may provide enough security, the real question is whether all these extra bells and whistles added to the consensus mechanism will actually decrease the security of the network.

Be my guest. NEM harvesting community will be very happy for you to do that. Some should be able to write you a script for that too. Warning though: You will need to keep buying XEM to top up as it will drain all your XEM in no time. For the Alice, Bob and Charlie case, I would estimate that you will need to top up 1000 XEM continuously at every 500 minutes or so if you do it serially, faster if you do it in parallel.

rockethead

legendary

Activity: 1059

Merit: 1016

Quote from: Come-from-Beyond on March 29, 2015, 05:03:50 PM

Quote from: gimre on March 29, 2015, 04:40:40 PM

Chance of generating a block depends only on a snapshot of the system.

Then PoI should work.

If it was like that - Alice sends 1000 coins to Bob != Alice sends them to Charlie and then Charlie to Bob - then it could be abused.

Thank you Alice, Charlie and Bob. You will eventually contribute all your 1000 coins to the harvesting efforts of the system for playing the "musical coins".

gsxrl3oi

sr. member

Activity: 315

Merit: 250

well done devs. Thank you for the relentless work. Cheers to the community

freigeist

hero member

Activity: 1116

Merit: 535

Quote from: fartbags on March 29, 2015, 06:38:30 PM

How do I get the cheapest coins?

Maybe by stealing them Roll Eyes

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: Anon136 on March 29, 2015, 05:49:11 PM

What do you think?

I think that if importance grinding attack* requires exponential effort then we still can live with it. For example, in Nxt it's possible to increase forging rate by exploiting TF (you don't forge some blocks to be able to forge more blocks in near future). For double forging power you have to pay with infinite amount of electricity burned for prediction. This doesn't lower security of Nxt much. A similar effect may exist in NEM, I need the whitepaper for a deeper analysis.

-----------
* - such an attack is possible, look at my example about Alice, Bob and Charlie upthread and BloodyRookie's reply.

fartbags

legendary

Activity: 1190

Merit: 1004

How do I get the cheapest coins?

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: BloodyRookie on March 29, 2015, 05:10:57 PM

Snapshot in the sense that gimre meant includes transactions. Transactions do play a role and looking at your example probably in most case will not be the same outcome.

Hm, ok. Whitepaper will be released soon, after that we continue.

jelin1984

legendary

Activity: 2408

Merit: 1004

Yes that the news that we want

Go nem go

kattokassinen

full member

Activity: 169

Merit: 100

Yes yes!! Thank you very much dev team for this fantastic opportunity ☺

Jengo

sr. member

Activity: 382

Merit: 250

Quote from: xtester on March 29, 2015, 05:39:11 PM

Important News - NEM is launching!

The waiting period is finally over. The Nemesis block is now complete, Main Net testing is running as planned and everything else appears to be prepared for launch. Thus, we are very happy to announce the official launch date for NEM: 31 March 2015 - at 19:00 UTC.

Important Note: Despite best intentions the above mentioned launch date is a tentative one and we reserve the right to change it if any critical issue would arise in the meantime that could endanger the NEM network.

You can also read a complete update on NEM in Newsletter #10.

P.S. A big thank you goes to our dev team, marketing team and community helpers who have been working hard to get all this ready.

See you at launch,
The NEM Team

YESSSS

McDoxy1

full member

Activity: 134

Merit: 100

Quote from: xtester on March 29, 2015, 05:39:11 PM

Important News - NEM is launching!

The waiting period is finally over. The Nemesis block is now complete, Main Net testing is running as planned and everything else appears to be prepared for launch. Thus, we are very happy to announce the official launch date for NEM: 31 March 2015 - at 19:00 UTC.

Important Note: Despite best intentions the above mentioned launch date is a tentative one and we reserve the right to change it if any critical issue would arise in the meantime that could endanger the NEM network.

You can also read a complete update on NEM in Newsletter #10.

P.S. A big thank you goes to our dev team, marketing team and community helpers who have been working hard to get all this ready.

See you at launch,
The NEM Team

FINALLY!!!

gimre

legendary

Activity: 866

Merit: 1002

Quote from: Anon136 on March 29, 2015, 05:49:11 PM

Someone creating a ton of accounts and interacting with himself between his accounts inorder to make his activity appear valid in accordance with the demands of w/e schemes the dev comes up with.

not that easy, vested balances comes into play. (well also one more mechanism too, but I won't disclose it as of now)

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: Come-from-Beyond on March 29, 2015, 04:34:45 PM

Quote from: BloodyRookie on March 29, 2015, 03:56:03 PM

Balance, coin age, incoming and outgoing transactions play a role in calculating the importance. Having the importance the rest is a deterministic random algorithm like nxt.

Litmus test: Does chance of generating a block depend on a snapshot of the system only? (Without taking into account state transitions like transactions.)

CFB I put some weight in your judgement. You very clearly understood nxt (you were the one who explained it to me) and you understood the reason behind all of its various mechanisms, the attack vectors that it faced, and how it cleverly dealt with them. I really very highly doubt that this "Balance, coin age, incoming and outgoing transactions play a role in calculating the importance." wont be able to be gamed. I'm already imagining the attack vectors in my head. Someone creating a ton of accounts and interacting with himself between his accounts inorder to make his activity appear valid in accordance with the demands of w/e schemes the dev comes up with. What do you think?

*edit* i need to point out that im not saying that the system wont be secure, the extent to which it is proof of stake may provide enough security, the real question is whether all these extra bells and whistles added to the consensus mechanism will actually decrease the security of the network.

gimre

legendary

Activity: 866

Merit: 1002

who would have thought

Amalgamus

full member

Activity: 189

Merit: 100

Awesome

EvilDave

hero member

Activity: 854

Merit: 1001

Much 'Yay'........

xtester

hero member

Activity: 840

Merit: 500

Risk taker & Black Swan farmer.

Important News - NEM is launching!

The waiting period is finally over. The Nemesis block is now complete, Main Net testing is running as planned and everything else appears to be prepared for launch. Thus, we are very happy to announce the official launch date for NEM: 31 March 2015 - at 19:00 UTC.

Important Note: Despite best intentions the above mentioned launch date is a tentative one and we reserve the right to change it if any critical issue would arise in the meantime that could endanger the NEM network.

You can also read a complete update on NEM in Newsletter #10.

P.S. A big thank you goes to our dev team, marketing team and community helpers who have been working hard to get all this ready.

P.S.S. Please don't trust any quotations of this post unless it's made by the original poster or a trusted NEM member.

See you at launch,
The NEM Team

antonioc

newbie

Activity: 15

Merit: 0

Quote from: zoata87 on March 29, 2015, 01:05:54 PM

Quote from: coingirl87 on March 29, 2015, 01:01:25 PM

Quote from: ?? on ??

Quote from: coingirl87 on March 29, 2015, 12:53:14 PM

when we see newsletter 10?? can you give us an update?

you wrote on 20.03 this on facebook: "An outline has begun for Newsletter 10. It will be an important issue to read."

more than 8 days are gone..so whats going on?

its coming.... #soon..

Wink

your "soon" was funny at the beginning but now its not longer funny for me. why nobody can set an date or deadlines for things like this?

good companys also dont say "soon"

for me its sounds more and more like a fake or a scam...sorry but thats my opinion

http://adamjwhitlatch.com/wp-content/uploads/2014/02/Oh-Boy-here-we-go-again.jpg

Things are starting to pick up around here. It's looking like we are closer to a launch than we ever were.

Stake holders just do not have any patience.
https://4.bp.blogspot.com/-Qg-cqmvGJhk/UodbHN5tO6I/AAAAAAAAxqg/yk5XR0CR5Hw/s1600/014-funny-captions-017-baby-elephant-are-we-there-yet.jpg

This must be what the dev team is hearing.
http://bulk2.destructoid.com/ul/user/2/25455-161901-simpsonscarjpg-620x.jpg

Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1315. (Read 2985623 times)