Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come - page 252. (Read 785531 times)

Transparency is the most appropriate choice, I am glad to see we are on the same page 
I'll keep everyone up to date as the internal workings develop further.

Thank You,
Viz.

Very well.  I have substantial buy support for CSD cryptocurrency on Bittrex and will continue to maintain this.

I hope that there is good news somewhere on the horizon, and that you can support your investors and community with a viable and transparent business plan as soon as possible.

You can see proof in your debug.log files, in the block explorer, in my pool source code including usage of the LLP/LLD, in the prime miner holding some of the functions generated for the prime channel, by probing rpc commands, by verifying earlz third party review, reading coinbase tx outputs to verify minting system, running your calculations of the decay equations, etc. You have many avenues to pursue my friend to find your own personal veracity besides just trusting me.

As far as people trusting, this is why the price is lower at this moment, as there is higher risk until some of the other components are released and verified by the public. It is just the nature of this asset in this current moment in time, which is a temporal state that is being endured in the progression of building the tangible, physical business structures. I hope you know I understand your concerns and agree completely, this is reflected in our internal changes that have given such a perspective as of recently; but necessary to bring the technology constructively forward that I have dedicated my time developing for the past year, with many more years to come.

Thank You,
Viz.

The ideas and concepts are not vague because they are hard to understand, they are vague because it cannot be verified that they actually exist.

Therefore, the only way to accept that "there is application of a great many features already in the base", is to trust you.

I am not criticizing you or the project, but merely pointing out that currently the only thing that is tangible at this moment is the wallet binaries, mining software, the website, and white paper.  Beyond that there is nothing tangible to invoke trust. 

Without source code or disclosed identities, there is little reason for people to trust you and take the project seriously. 

This is positive feedback not criticism.

If the concepts and ideas are vague to you, inquisition helps, or you can email me at [email protected] for the white paper which stands at 42 pages currently; you will realize there is application of a great many features already in the base, and new developmental features being released in their timely orders - to allow promotion and marketing around all of these new features step by step.

It takes time to do something correctly, patience for it to grow through its season to work itself to fruition.
If you are curious as to the Digital Recyclers, this link will bring you a deeper understanding:
http://coinshieldtalk.org/forum/coin-shield-talk/509-digital-recyclers-capitalization-activation

Thank You,
Viz.

That's good because ultimately my point is that communities form around tangible products/services.  Vague ideas and concepts are fun to theorize and explore, but they remain theories until they are accessible to consumers.  I am referring to source code and the digital recyclers.

In the absence of a finished product/service, tangible information and full-disclosure gives people something they can grasp onto which builds trust and appreciation for the concepts .  

We are releasing everything in stages, so there is always somewhere to go  
Further technology is to be further released with disclosure of Nexus Tech, Inc. along with my physical identity. This is the first step of a long series of stages.

Thank You,
Viz.

When everything is out and about, this should probably hit the sky like how VNL did today.....

If long-term investors loose interest, i promise you they will be back. probably a bit sore, but oh they will be back.

think about Bitcoin that it was worth pennies for the longest time, even when they had no developer to correspond with :p the long term investors who had weak hands and lost interest just think of how their impatience payed out for them

That is a great feature and your foresight there is noted and appreciated

I understand your reluctance to give time-frames.  I would certainly hope that whatever you decide to do regarding the core protocol, it seems to me there is currently no correlation between the core protocol development and the disclosure of company/business details and plans.  So, my recommendation would be to provide as much disclosure as possible for the sake of retaining project interest and long-term investors regardless of what you decide to do in the core protocol.

Thanks for the thoughtful answers

These graphs are the decayed amount of CSD to be produced into the market, PoS interest rates will be variable from 0.1 - 3% with 3% being for holding the longest. This will give incentive to even free electricity users to hold, to gain larger stake rewards over longer time. You'll see the decayed amounts reducing quicker now as time moves on, they are exponential decay functions so they are automatically reducing to a minimum over the next 10 years. This is to ensure fair distribution by making the public distribution phase 10 years. Keep in mind CPU channel only has 50% of the produced mint, so therefore can only effect 50% of the market.

I would like to refrain from giving time frames as it has been obvious that they have been inaccurate. I can keep you posted as to the developments of such, but as I said in my previous post - I am considering designing the PoS system into a completely new binary structure for transaction processing which is partial to the delays as well - there is no point in releasing PoS now just to depricate it at a point in the future.

Thank You,
Viz.

My pleasure.  I have two more questions and points I would like you to address.

#1 Are you planning on altering the minting rate?  It seems that the current high rate of minting puts a lot of downward pressure on market prices - even though mining is technically not profitable at the moment. The reason for high rate of selling in the market is most likely that some people get free electricity.  Anyone with access to a computer lab at a university or business can install CPU miners on dozens or perhaps even hundreds of computers and pass the cost of electricity off to someone else.  This is definitely the biggest downfall to CPU mining overall because it short circuits the proof-of-work profitability model. They can raise the difficulty so high with no cost.  This makes it difficult to invest knowing that someone is likely getting coins for nearly free and they have no incentive to hold them.  This can actually suck value out of the economy.

Therefore, I would argue that Proof-of-Stake should have a significantly higher reward for it's channel to start with that is also reduced on a decay function and the high minting rate from mining could be reduced and the economy balanced better.

#2 Is there any ETA or time-frame (ie: 1-2 weeks, 1 month, 3 months) at the moment for 1.0.3 release?

Thats some good stuff. Not even a small portion of what is in the works though.

You're welcome, the inquisition is likewise appreciated 

Thank You,
Viz.

Excellent.  We've now got some great information over last few days.  Thank you for explaining more to investors/public


Re: Delay of 1.0.3 Release:


Keep up good work!

Thank you for that detailed explanation , Viz. You have the support from the community , cheers

It's not due to developmental deficiencies, rather coordinating many changes in which I am implementing the PoS system with. I projected this time over a month ago before the internal changes we have been undergoing as far as the rebrand, new features, etc. in which I feel it most appropriate to release the stake system at this point. There will be no effect to the end user as their stake amount will be compensated in the extra time after postponing release - so with this being the case, I feel it is good practice to implement all the changes into a coordinated point.

I'm also working out a new technology I call "The Block Tree" in which inflation branches would be generated from the trunk via PoS systems, I am still undecided whether I will allow PoS on the Trunk, rather than their competing stake branches. This will allow rapid transaction processing as more branches are generated from their root transactions, allowing the network transaction processing to be expanded as transaction load increases because each branch will be capable of simultaneous transaction processing with other branches.

We will keep you informed with the establishing of the physical business structures such as office, corp, etc. The first will be called: Nexus Tech, Inc. in which will be responsible for the development of secure systems to be used in Nexus and many other industries.

Thank You,
Viz.

Hey Viz, this was over 1 month ago now since you posted this ETA.  Can you give us a little more info on when you expect to release 1.0.3 and if you have run into any difficulties preventing the release?  I appreciated your last update but it would be nice to have a little more info so community can help promote and bring in new investors/participants.

Shedding some more light on the actual progress being made by dev team behind the scenes would be great!

Here's one 5JwsFz27yQ9gRRfGXZeV2YTVEcP1W2AdSjjQM2TgmtmKRkw66P9
It's the skein256 hash of 0 converted to base58check.

Public key generated from sect571r1 private key, hashed with SK576 then to SK256 for final address then bytes converted to base58 encoding.
This creates a 256 bit Base58 encoded string: 2RC9FfVXkbfbLKgUqWoPN8NHgmNqA1NxrVpPeHsNwSNtufuES6h

Thank You,
Viz.