Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 250. (Read 941285 times)
Don't worry. The vote will be via Facebook and Twitter so not sure the Nxt vote would be mobilised. I don't think the calibre of candidates has come through that they expected either.
BCNext currently has ZERO votes 
Got 30 posts now - but still a Noob. Not gonna be Jr. in time I fear.
Forever, in my experience.
Really, keeping the BTC blockchain up-to-date is a complete bastard.
Really, keeping the BTC blockchain up-to-date is a complete bastard.
Is it normal that nxt client blockchain downloads couple of hours?
Depends on your connection, it took me an hour and a bit. Nxt is a year old and the blockchain has around 600,000 transactions in it that not only need to be downloaded, but verified too.
Beware of noobs whooping about how fast they got up on running on their favourite coin. It is usually because the blockchain is 10mb and has 300 transactions in it
Try to compare like for like in terms of age of coin and number of transactions in the blockchain in these cases.Bitcoin has about 25GB blockchain now, how long does that one take to download?
Consensus Research published it's first paper on Multibranch Forging https://www.scribd.com/doc/248208963/Multibranch-forging (scroll down to view) and just open-sourced simulation tool behind! https://github.com/ConsensusResearch/MultiBranch
So you can play with multiple-branch forging and see it's model in action. For example, being implemented for just future predictions, multiple-branch forging == Transparent Forging. Being implemented for storing past & current blockchain state, it's also subject for Nothing-at-Stake concern. Our next paper will be about N@S, with concrete details, not just unclear statements, as previous studies. Then we will start to work on proposals to improve proof-of-stake at whole & concrete implementations.
This work is applied not to Nxt only, but all proof-of-stake cryptos.
Please support Consensus Research by providing feedback, spreading the word around, contributing to work, and donating.
We have own subforum on Nxt forum: https://nxtforum.org/consensus-research
So you can play with multiple-branch forging and see it's model in action. For example, being implemented for just future predictions, multiple-branch forging == Transparent Forging. Being implemented for storing past & current blockchain state, it's also subject for Nothing-at-Stake concern. Our next paper will be about N@S, with concrete details, not just unclear statements, as previous studies. Then we will start to work on proposals to improve proof-of-stake at whole & concrete implementations.
This work is applied not to Nxt only, but all proof-of-stake cryptos.
Please support Consensus Research by providing feedback, spreading the word around, contributing to work, and donating.
We have own subforum on Nxt forum: https://nxtforum.org/consensus-research
good work, thx kushti.
Consensus Research published it's first paper on Multibranch Forging https://www.scribd.com/doc/248208963/Multibranch-forging (scroll down to view) and just open-sourced simulation tool behind! https://github.com/ConsensusResearch/MultiBranch
So you can play with multiple-branch forging and see it's model in action. For example, being implemented for just future predictions, multiple-branch forging == Transparent Forging. Being implemented for storing past & current blockchain state, it's also subject for Nothing-at-Stake concern. Our next paper will be about N@S, with concrete details, not just unclear statements, as previous studies. Then we will start to work on proposals to improve proof-of-stake at whole & concrete implementations.
This work is applied not to Nxt only, but all proof-of-stake cryptos.
Please support Consensus Research by providing feedback, spreading the word around, contributing to work, and donating.
We have own subforum on Nxt forum: https://nxtforum.org/consensus-research
So you can play with multiple-branch forging and see it's model in action. For example, being implemented for just future predictions, multiple-branch forging == Transparent Forging. Being implemented for storing past & current blockchain state, it's also subject for Nothing-at-Stake concern. Our next paper will be about N@S, with concrete details, not just unclear statements, as previous studies. Then we will start to work on proposals to improve proof-of-stake at whole & concrete implementations.
This work is applied not to Nxt only, but all proof-of-stake cryptos.
Please support Consensus Research by providing feedback, spreading the word around, contributing to work, and donating.
We have own subforum on Nxt forum: https://nxtforum.org/consensus-research
Please consider this, vote requested:
https://nxtforum.org/general-discussion/the-crypto-oscars-who-should-nxters-vote-for-3-days-to-decide!/
https://nxtforum.org/general-discussion/the-crypto-oscars-who-should-nxters-vote-for-3-days-to-decide!/
I posted this in the NXT forum as well:
https://nxtforum.org/news-and-announcements/(poh)-proof-of-honor-jean-luc-come-from-beyond-both-have-been-nominated!/msg135068/#msg135068
Congratulations to the both of you having done some amazing work to acquire some great support. Jean Luc you have made it to the voting round as of today.
Great work guys, this shows how more than one person from a community can go through our Proof of Honor voting round. It just shows how strong NXT is as well.
Cheers!
Twitter
https://twitter.com/ev0k3d/status/538021854360129538
Thread
https://bitcointalksearch.org/topic/m.9673449
https://nxtforum.org/news-and-announcements/(poh)-proof-of-honor-jean-luc-come-from-beyond-both-have-been-nominated!/msg135068/#msg135068
Congratulations to the both of you having done some amazing work to acquire some great support. Jean Luc you have made it to the voting round as of today.
Great work guys, this shows how more than one person from a community can go through our Proof of Honor voting round. It just shows how strong NXT is as well.
Cheers!
https://twitter.com/ev0k3d/status/538021854360129538
Thread
https://bitcointalksearch.org/topic/m.9673449
BCNext currently has ZERO votes
If you haven't voted in this yet, we need 15 of our loyal Nxt-official-thread-browsers to go over to....
https://bitcointalksearch.org/topic/2014-proof-of-honor-poh-awards-ended-unoffical-results-available-855130
...an nominate BCNext. Only THREE days to go! Remember, if you have nominated already then you can't do it again. We need silent members to speak up
Then Nxt will have the most nominations of any crypto platform or coin in the vote: Come-from-Beyond, JL777, Jean-Luc and BCNext (if you count BCNext as a Nxter...)
Then we need a decide on who is most likely to garner the most votes in the actual voting... we made our point with the nominations but we don't want to split the Nxter vote to the point where a Nxter doesn't win! A pre-vote vote is in order (consider this the pre-announcement to the pre-vote vote...)
Stay tuned...
Is it normal that nxt client blockchain downloads couple of hours?
Depends on your connection, it took me an hour and a bit. Nxt is a year old and the blockchain has around 600,000 transactions in it that not only need to be downloaded, but verified too.
Beware of noobs whooping about how fast they got up on running on their favourite coin. It is usually because the blockchain is 10mb and has 300 transactions in it
Try to compare like for like in terms of age of coin and number of transactions in the blockchain in these cases. 
I posted this in the NXT forum as well:
https://nxtforum.org/news-and-announcements/(poh)-proof-of-honor-jean-luc-come-from-beyond-both-have-been-nominated!/msg135068/#msg135068
Congratulations to the both of you having done some amazing work to acquire some great support. Jean Luc you have made it to the voting round as of today.
Great work guys, this shows how more than one person from a community can go through our Proof of Honor voting round. It just shows how strong NXT is as well.
Cheers!
Twitter
https://twitter.com/ev0k3d/status/538021854360129538
Thread
https://bitcointalksearch.org/topic/m.9673449
https://nxtforum.org/news-and-announcements/(poh)-proof-of-honor-jean-luc-come-from-beyond-both-have-been-nominated!/msg135068/#msg135068
Congratulations to the both of you having done some amazing work to acquire some great support. Jean Luc you have made it to the voting round as of today.
Great work guys, this shows how more than one person from a community can go through our Proof of Honor voting round. It just shows how strong NXT is as well.
Cheers!
https://twitter.com/ev0k3d/status/538021854360129538
Thread
https://bitcointalksearch.org/topic/m.9673449
WTB 200k-5M NXT. PM me, I can pay a good rate.
Is it normal that nxt client blockchain downloads couple of hours?
NXT, like all currencies, underlies heavy swings. So when all altcoins on average take a dive, NXT follows. If you graph the biggest 100 altcoins starting from June you will see a very strong correclation of that downtrend. One reason for this is probably the Ethereum IPO that drained enormous amounts of BTC out of the altcoin scene. Another reason is that before June, NXT saw a 300% rise from 20 M to 80 M market cap. April --> June.
So it's basically this?: The only reason leasing exists is because it would exist regardless, someone would build such a system to allow stake leasing whether it was "officially" sanctioned or not?
http://wiki.nxtcrypto.org/wiki/Account_Leasing
Quote
This feature introduces two main benefits.
Firstly, you no longer need to leave your client running 24/7 in order to take part on the forging process. You can lease your balance to someone that does.
Secondly, it allows the formation of forging pools where multiple users can combine their forging power to increase their chance at forging a block. Any NXT forged is not automatically sent to your account, it's up to the pool owner what to do with it.
Firstly, you no longer need to leave your client running 24/7 in order to take part on the forging process. You can lease your balance to someone that does.
Secondly, it allows the formation of forging pools where multiple users can combine their forging power to increase their chance at forging a block. Any NXT forged is not automatically sent to your account, it's up to the pool owner what to do with it.
So if you don't feel comfortable leaving the client running logged into an account that has lots of NXT in it, you use a forging account with little NXT in it, and lease the other big account to it. If the small account gets hacked or something, you don't lose much
Hi
Where I can find nxt price chart?
Something similar to bitcoinwisdom.com
Where I can find nxt price chart?
Something similar to bitcoinwisdom.com
https://bitcoinwisdom.com/markets/bter/nxtbtc
They still don't list it directly? Politics eh.
Does anyone know if Kushti published his N@S research? Would be a good time alongside Vitaliks latest
They list it directly: https://bitcoinwisdom.com/
there is just no place within the dropdown
Hi
Where I can find nxt price chart?
Something similar to bitcoinwisdom.com
Where I can find nxt price chart?
Something similar to bitcoinwisdom.com
https://bitcoinwisdom.com/markets/bter/nxtbtc
They still don't list it directly? Politics eh.
Does anyone know if Kushti published his N@S research? Would be a good time alongside Vitaliks latest
Hi
Where I can find nxt price chart?
Something similar to bitcoinwisdom.com
Where I can find nxt price chart?
Something similar to bitcoinwisdom.com
https://bitcoinwisdom.com/markets/bter/nxtbtc
Hi
Where I can find nxt price chart?
Something similar to bitcoinwisdom.com
Where I can find nxt price chart?
Something similar to bitcoinwisdom.com
There should be some sort of social organization where people who are substantial holders either publically lease their stake out to a group of known forgers(similar to DPoS) or publically state that they won't lease their stake out and forge themselves.
Why do you think that would be necessary? Substantial stakehodlers have a good reason to protect the network: securing the future of their stakes.They do but if they lease their stakes to an attacker then the attacker has a chance to mount their attack at a much lower cost.
Sometimes people choose short term gains over long term gains because they don't fully realize the consequence of their actions. Like Bitcoin miners mining of Ghash during the period where they went over the 50% threshold.
So what I'm saying is that people need to fully acknowledge the dangers of leasing stake and have at least some sort of social system that demonstrates a commitment to securing the network.
I don't even really understand why leasing stake exists in the first place. I guess the only reason someone would lease their stake is to reduce their variance in staking rewards? And what does the person renting this stake gain? I assume they're paying less than the expected value of what the stake would generate else it wouldn't be profitable. Also it makes it more complicated that there's no block rewards so the expected value would have to be estimated on some sort of average transaction fees over time I guess.
So it's basically this?: The only reason leasing exists is because it would exist regardless, someone would build such a system to allow stake leasing whether it was "officially" sanctioned or not?
https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/
Nice article by Vitalik Buterin about PoS.
Nice article by Vitalik Buterin about PoS.
Damelon thanks for the link and I hope you don't mind me quoting you here, but I totally agree on your observations:
Quote
What makes Vitalik so very strong is that he's actually a very good writer. He writes clear and pleasant English.
He also has the know-how to rather simply explain the concepts that most people on social media just fumble around with.
When you put the two together, that alone gives him the edge over fudders, who inevitably have to resort to "your mum" level, because they either don't have the know-how or the language to counter him.
The way he picks the argument apart in posts like this is a joy to read and an education. Regardless of what I may or may not think about Ethereum, as a writer about crypto he's very important and most of these articles are platform agnostic anyway, so it helps everyone who is serious about the crypto movement and not júst in it for being a fanboy of whatever coin/platform.
Source: https://nxtforum.org/index.php?topic=6749.msg134651#msg134651 He also has the know-how to rather simply explain the concepts that most people on social media just fumble around with.
When you put the two together, that alone gives him the edge over fudders, who inevitably have to resort to "your mum" level, because they either don't have the know-how or the language to counter him.
The way he picks the argument apart in posts like this is a joy to read and an education. Regardless of what I may or may not think about Ethereum, as a writer about crypto he's very important and most of these articles are platform agnostic anyway, so it helps everyone who is serious about the crypto movement and not júst in it for being a fanboy of whatever coin/platform.
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