The executors? Evenly split? The first executor? If later, then this boy could easily bloat the chain because paying 0 NXT per op.
Forger gets all the fees.
Topic: NXT :: descendant of Bitcoin - Updated Information - page 1068. (Read 2761640 times)
Forger gets all the fees.
Btw. something that came to my mind. How's gonna get the fees for executing the scripts?
The executors? Evenly split? The first executor? If later, then this boy could easily bloat the chain because paying 0 NXT per op.
Script will be executed only by forger. So forger will get fee.The executors? Evenly split? The first executor? If later, then this boy could easily bloat the chain because paying 0 NXT per op.
The same TF for the same blockchain? Aren't we going to have a different chain for each domain [transaction, script state, files] ?
why dont adjust fees in a predictably, dynamically and automatically way?? i mean, drecrease fees in relation with number of blocks in the block chain or something that makes fees go down as people use nxt more....as people use nxt more, price should rise, so, it would also be related to prices...
I would also be worried more about potential forks if the state could not be predicted in advance.
Final state can't be predicted. But u can't get different results if u have no truly random events. Transaction processing is completely deterministic, we just have to make sure we don't include RANDOMIZE opcode.
No RANDOM opcode is unfortunate. I actually had an idea to do anonymous mixing that would rely on a RANDOM implementation and AM...
RANDOM is fine, I'm talking about RANDOMIZE.
Fee: 1.0
Until we really have high price for 1 NXT.
Until we really have big number of transactions per block.
Until we really start to scream: "WTF, I buyone gram of blow cheap cheneese smartphone and need to pay 5% of it's price as fee!"
Until we really have high price for 1 NXT.
Until we really have big number of transactions per block.
Until we really start to scream: "WTF, I buy
Exactly, my thoughts. Would also like a % of transaction's amount to be spent as fee with min 1NXT.
Btw. something that came to my mind. How's gonna get the fees for executing the scripts?
The executors? Evenly split? The first executor? If later, then this boy could easily bloat the chain because paying 0 NXT per op.
Script will be executed only by forger. So forger will get fee. The executors? Evenly split? The first executor? If later, then this boy could easily bloat the chain because paying 0 NXT per op.
I would also be worried more about potential forks if the state could not be predicted in advance.
Final state can't be predicted. But u can't get different results if u have no truly random events. Transaction processing is completely deterministic, we just have to make sure we don't include RANDOMIZE opcode.
So, no timestamps and the like?
Why? U'll be able to get timestamp of any block/transaction.
I mean the real time. Like in datetime.datetime.now().
The clock for these scripts will be the blocks, right?
How's the weather in St. Petersburg these days?
Why do you think he is from St.Petersburg? You? Of course you should not. It's designed for people thinking about secure messaging.
For secure messages I can use OTR for free.
The entire vision behind Nxt is to have the longest feature list among all alt-coins.
Nxt - "Everything but the kitchen sink".
I guess this is a good time to announce that I plan to sell a Nxt kitchen sink by end of '15.
That could be one of the features in BCNxt 'secret plans' that he has "yet to reveal".
Perhaps that was the end game all along, Nxt Kitchen Sink in every home.
I guess I am missing something - how then does it fly? Surely it needs to be validated as to what it does by all (or at least the majority) of nodes otherwise how can we know it has been processed correctly?
When u see a new block u attach it to ur blockchain. Upon attaching u iterate thru all transactions in the block and analyze them. If it's a payment, then u adjust corresponding balances. If it's a script, then u feed it to the interpretator. The interpretator processes all script commands one by one. If at some point it faces a problem (like division by zero), then it simply stops the processing.
Edit: Of coz scripts must be deterministic. No random events that could lead to different results.
Btw. something that came to my mind. How's gonna get the fees for executing the scripts?
The executors? Evenly split? The first executor? If later, then this boy could easily bloat the chain because paying 0 NXT per op.
Fee: 1.0
Until we really have high price for 1 NXT.
Until we really have big number of transactions per block.
Until we really start to scream: "WTF, I buyone gram of blow cheap cheneese smartphone and need to pay 5% of it's price as fee!"
Until we really have high price for 1 NXT.
Until we really have big number of transactions per block.
Until we really start to scream: "WTF, I buy
""Transparent Forging" allow each user's client to automatically determine who will generate the next block, so that they can then send their transactions to that node. This will also allow additional fees to be realized for immediate/priority transactions.
An equally important feature of Transparent Forging is an outstanding security feature of the protocol to temporarily reduce to zero the forging power of nodes who should generate the next block but don't. This transparent forging feature will prevent against even a 90% majority owner of all NXT branching out and forcing a fork. So if a node that has 90% of all Nxt, and doesn't generate a block when scheduled, the system will reduce its mining power to zero temporarily to prevent a bad fork from being forced. "
this is what I read in Nxt wiki... but can anyone elaborate why this really enhances the network security? I mean it´s kind of random who are my nodes at the moment so if I get unlucky
and have more then a bunch of nodes with bad intentions (double-spending or w/e) they could deliberately miss out on generating a scheduled block
and getting away with it.
Or is this not a problem in reality? Sorry if this is a really stupid question, but I´m really unexperencied with this proof-of-stake / forging as underlying security for a coin.
An equally important feature of Transparent Forging is an outstanding security feature of the protocol to temporarily reduce to zero the forging power of nodes who should generate the next block but don't. This transparent forging feature will prevent against even a 90% majority owner of all NXT branching out and forcing a fork. So if a node that has 90% of all Nxt, and doesn't generate a block when scheduled, the system will reduce its mining power to zero temporarily to prevent a bad fork from being forced. "
this is what I read in Nxt wiki... but can anyone elaborate why this really enhances the network security? I mean it´s kind of random who are my nodes at the moment so if I get unlucky
and have more then a bunch of nodes with bad intentions (double-spending or w/e) they could deliberately miss out on generating a scheduled block
and getting away with it.
Or is this not a problem in reality? Sorry if this is a really stupid question, but I´m really unexperencied with this proof-of-stake / forging as underlying security for a coin.
I would also be worried more about potential forks if the state could not be predicted in advance.
Final state can't be predicted. But u can't get different results if u have no truly random events. Transaction processing is completely deterministic, we just have to make sure we don't include RANDOMIZE opcode.
So, no timestamps and the like?
Why? U'll be able to get timestamp of any block/transaction.
I would also be worried more about potential forks if the state could not be predicted in advance.
Final state can't be predicted. But u can't get different results if u have no truly random events. Transaction processing is completely deterministic, we just have to make sure we don't include RANDOMIZE opcode.
So, no timestamps and the like?
I'll use twitter. It is HTTPS. If I'm paranoid that it knows my IP - I'll use Tor.
SO... u think twitter is secure? have you read all that things about NSA obama and all that friends? There is a sentence about Tor which is older, more reviewed and have bigger community. And it is free and open-source.
I actually agree with you when you think about messaging as a stand alone feature. I look at it this way. Secure messaging is just one tool I use when completing a fully independent Nxt transaction. Meaning, at one point you will be able to browse products, communicate with seller, initiate purchase, put Nxt in escrow (receive item), send funds, leave feedback, all within Nxt client. That is just one example of hundreds that could be used with Nxt secure messaging.
Fee should not be static. It's not good to set a static value without knowing how the market evolves.
As a quick fix i vote for 0.1 because forging needs to yield some income. This quick fix should have a set deadline. Say 1. April.
Until then, a new automatic fee adjustment system has to be agreed on.
I think it would be wise to keep block output about constant and have a maximum fee. Adjust each block based on a moving average.
As a quick fix i vote for 0.1 because forging needs to yield some income. This quick fix should have a set deadline. Say 1. April.
Until then, a new automatic fee adjustment system has to be agreed on.
I think it would be wise to keep block output about constant and have a maximum fee. Adjust each block based on a moving average.
I'd like an static fee. Voted on by the community via VS.
It gives everybody a baseline. Ever-changing fees? What's the point?
For dump. Emule's deeds don't follow his words, I bet I lose nothing if ignore his further posts.
You loose some fun.
He wasn't funny enough anyway. He is far from FC who has unimaginable potential. I wish more jokers come to this thread.
Thanks for the compliment. How's the weather in St. Petersburg these days?
You? Of course you should not. It's designed for people thinking about secure messaging.
For secure messages I can use OTR for free.
The entire vision behind Nxt is to have the longest feature list among all alt-coins.
Nxt - "Everything but the kitchen sink".
I guess this is a good time to announce that I plan to sell a Nxt kitchen sink by end of '15.
That could be one of the features in BCNxt 'secret plans' that he has "yet to reveal".
Time to move to smaller fees. What MIN fee should we set? Remember that lower values make it cheaper to bloat the blockchain.
Discuss.
Discuss.
Don't agree. Wait until April and ask again.
For dump. Emule's deeds don't follow his words, I bet I lose nothing if ignore his further posts.
You loose some fun.
He wasn't funny enough anyway. He is far from FC who has unimaginable potential. I wish more jokers come to this thread.
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