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Topic: NXT :: descendant of Bitcoin - Updated Information - page 1278. (Read 2761629 times)

full member
Activity: 168
Merit: 100
This is not a get rich quick scheme, This is the history of decenteralized payment systems in the making, That includes etherium and other coins, want pump and dumps? This is not one sorry, So let the big boys discuss code and math and get the FUCK out of here.

Don't be so rude. Use something like "Thank you for your competent opinion".  Cheesy

PS: Current price is irrelevant, Nxt will outperform with VISA + MasterCard anyway.

 Cheesy dream on my belarus friend dream on. There is still something called reality. come back to earth lets face the FACTS

facts about NXT:

60 whale waiting to dump on the slightes price move
No client
No TF
No AE
No nothing

the only thing you have is non useble alias
now you have nothing.
legendary
Activity: 2142
Merit: 1010
Newbie
Maybe there are many nodes but their solution to the byzantine generals problem is the same one that has been used for thousands of years, central authority. If the ripple foundation was ever compromised than ripple would not be able to continue without them. That is precisely the problem that bitcoin solved and ripple unsolved.

Wow, you are sure quick to pass judgement with such certainty, when all you are basing it on is this:

I'm not a ripple expert either all i know is they don't use mining and if they had found a new novel solution to the byzantine generals problem than it would have made waves and i would have heard about it.

So Bitcoin found the Nobel Prize-winning "solution to the byzantine generals problem" and Ripple didn't?

Just because you know a fancy name for some problem, doesn't mean you are an expert and unquestionably right.

This might work for floozies in a bar, but if you want to be taken seriously in other places, this is not enough.

Me and 100 other guys disagree with u and agree with Anon. Just read the forum posts regarding Ripple and u'll see this.
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto


You can kick this pig, is going nowhere. One of your big stakeholders in all respect of NXT dumped 1M coins on Bter just to let you all see I can.
I hope you all not surprised this pig is not moving.
The big stakeholders are offloading for more than a weeks now and they will continue to do so for months so don’t expect price to rise in the coming months, but expect the worse, and don’t give me the“good coins getting wide spread” now sh**, cos coins going nowhere, 60 people own 80% of NXT.!!!
You were still not able to release the “official” client (vaporware) so people will have to use other clients instead.
Nexern is personally responsible for the price dip (3x he did not deliver) that will follow after my message.
Just like CCinvestor I am a whale waiting to dump but as you do not succeed to produce anything I start dump right now. (and don’t give me the “good coins getting wide spread” again)
Marketing is a disaster and a joke, you gave 1M to 1 guy that decides to give it out on stupid translations and stupid video.
Nowhere have I seen any marketing effort of value! There is no master plan, no guidance and leadership like dogecoin did, lack of that will kill this puppy soon
Meanwhile you all discussing stupid things like voting system and color of the coin, NXT get your act together and start do something cos ethereum and emunie will kill you instantly they hit the market. What you all got right now is hot air.
It is arrogant to think you have something to offer that others don’t have, if you don’t start get NXT ibn to the open before ethereum and emunie might as well sell all your freaking coins right now cos rhey are worth sh***

and where is that f*** client!

This is not a get rich quick scheme, This is the history of decenteralized payment systems in the making, That includes etherium and other coins, want pump and dumps? This is not one sorry, So let the big boys discuss code and math and get the FUCK out of here.

You have no right to speak, I know you dumping millions of coins below market price so STFU.

You personally ar the reason price dont get up!


I distribute to new users at a convenience because I am not as greedy as you, I have all the right to speak since I actually contribute in coins, code, projects in crypto space and much much more since 2010.

I am not the one cursing low prices and an empty wallet, Even though I don't have a job I have a career, Never complained when I was dead poor, never raised my head higher than people because I made money.

its okay little boy, your nuts will grow someday no need to scream and act tough. *_^
full member
Activity: 168
Merit: 100

... the price dip (3x he did not deliver) that will follow after my message.

Please, make it happen! I'd like to buy more Nxt's.

When I dump newbie, you will have no chance to buy any, only 60 will get some not you little shrimp
legendary
Activity: 2142
Merit: 1010
Newbie
This is not a get rich quick scheme, This is the history of decenteralized payment systems in the making, That includes etherium and other coins, want pump and dumps? This is not one sorry, So let the big boys discuss code and math and get the FUCK out of here.

Don't be so rude. Use something like "Thank you for your competent opinion".  Cheesy

PS: Current price is irrelevant, Nxt will outperform VISA + MasterCard anyway.
hero member
Activity: 840
Merit: 1002
Simcoin Developer
Maybe there are many nodes but their solution to the byzantine generals problem is the same one that has been used for thousands of years, central authority. If the ripple foundation was ever compromised than ripple would not be able to continue without them. That is precisely the problem that bitcoin solved and ripple unsolved.

Wow, you are sure quick to pass judgement with such certainty, when all you are basing it on is this:

I'm not a ripple expert either all i know is they don't use mining and if they had found a new novel solution to the byzantine generals problem than it would have made waves and i would have heard about it.

So Bitcoin found the Nobel Prize-winning "solution to the byzantine generals problem" and Ripple didn't?

Just because you know a fancy name for some problem, doesn't mean you are an expert and unquestionably right.

This might work for floozies in a bar, but if you want to be taken seriously in other places, this is not enough.
newbie
Activity: 37
Merit: 0

... the price dip (3x he did not deliver) that will follow after my message.

Please, make it happen! I'd like to buy more Nxt's.
full member
Activity: 168
Merit: 100


You can kick this pig, is going nowhere. One of your big stakeholders in all respect of NXT dumped 1M coins on Bter just to let you all see I can.
I hope you all not surprised this pig is not moving.
The big stakeholders are offloading for more than a weeks now and they will continue to do so for months so don’t expect price to rise in the coming months, but expect the worse, and don’t give me the“good coins getting wide spread” now sh**, cos coins going nowhere, 60 people own 80% of NXT.!!!
You were still not able to release the “official” client (vaporware) so people will have to use other clients instead.
Nexern is personally responsible for the price dip (3x he did not deliver) that will follow after my message.
Just like CCinvestor I am a whale waiting to dump but as you do not succeed to produce anything I start dump right now. (and don’t give me the “good coins getting wide spread” again)
Marketing is a disaster and a joke, you gave 1M to 1 guy that decides to give it out on stupid translations and stupid video.
Nowhere have I seen any marketing effort of value! There is no master plan, no guidance and leadership like dogecoin did, lack of that will kill this puppy soon
Meanwhile you all discussing stupid things like voting system and color of the coin, NXT get your act together and start do something cos ethereum and emunie will kill you instantly they hit the market. What you all got right now is hot air.
It is arrogant to think you have something to offer that others don’t have, if you don’t start get NXT ibn to the open before ethereum and emunie might as well sell all your freaking coins right now cos rhey are worth sh***

and where is that f*** client!

This is not a get rich quick scheme, This is the history of decenteralized payment systems in the making, That includes etherium and other coins, want pump and dumps? This is not one sorry, So let the big boys discuss code and math and get the FUCK out of here.

You have no right to speak, I know you dumping millions of coins below market price so STFU.

You personally ar the reason price dont get up!
legendary
Activity: 2142
Merit: 1010
Newbie
Please try to concentrate and read all three paragraphs right one after another. It is not SO difficult Wink

I can't pass the 2nd paragraph coz writing the code at the same time. I let someone else to continue the discussion instead of me.
legendary
Activity: 2142
Merit: 1010
Newbie
1) The bigger the number of faces on one die is the smaller is the probability of collision. And for sha256 it is about 10^76 faces.
So the probability is something like 10-76
2) We can redefine the events 'A' and 'B':
instead of 'wallet forges a block' we can take 'wallet gets the reward' then the effect of orphans will be eliminated.
3) I don't know the mechanism of resolving an orphan. It should be something like 'let's try again' with really diminishing probability of two or more orphans going one after the other - then my analogy works without any corrections.


1. It's ~1/100 coz of orphane blocks
2. Then u can't rely on assumption that ROI ~ balance
3. Mechanism is stochastic and heavily depends on network topology
legendary
Activity: 2142
Merit: 1010
Newbie
Now for nxt that would be awesome it means we can make the passphrase generate numerious account numbers and the client can track them all BUT, there is the "gap limit issue".

Basically you cannot know when the addresses will replicate but it is VERY unlikely, so how would you know which addresses are in use? What electrum does is you have to tell it that you use for example up to 100 addresses so when you regenerate the wallet from seed it generates the first 100, But what if you used the 101? The client will have no idea unless you tell it to look beyond 100 keys.

So I got you interested? Wink. Lets make this happen.

Basically my exchange is delayed mainly because of this, right now NXT is hot on the server which I do not like, Bitcoin is 100% cold and withdrawals are automated with an external requests fetcher. This feature would be so awesome to make this easy for alot of things Smiley.

In Nxt u could do it via Account Control with the rate of SHA256 hashing (100'000 accounts per second). Not sure though if it's the same functionality as in Electrum...
legendary
Activity: 1181
Merit: 1002

... I am a whale waiting to dump but as you do not succeed to produce anything I start dump right now. ...


prove it - in the meantime don't behave like a mule  Wink
sr. member
Activity: 281
Merit: 250


let's 3D print, engrave with QR-code or something to represent a colored coin.
or just 3D print and deploy as marketing article.

Actually.. these could be even more easily produced from coloured transparent acrylic with high-pressure water jet cutting.

could you provide 3D data for this cutting or CNC molding?

I could! It's propably iges-format you're looking for. Which size, three options: paperweight 10x40x90 mm, sidetable 100x400x900 mm or modern art landmark 10000 x 40000 x 90000 mm?  Grin
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto


You can kick this pig, is going nowhere. One of your big stakeholders in all respect of NXT dumped 1M coins on Bter just to let you all see I can.
I hope you all not surprised this pig is not moving.
The big stakeholders are offloading for more than a weeks now and they will continue to do so for months so don’t expect price to rise in the coming months, but expect the worse, and don’t give me the“good coins getting wide spread” now sh**, cos coins going nowhere, 60 people own 80% of NXT.!!!
You were still not able to release the “official” client (vaporware) so people will have to use other clients instead.
Nexern is personally responsible for the price dip (3x he did not deliver) that will follow after my message.
Just like CCinvestor I am a whale waiting to dump but as you do not succeed to produce anything I start dump right now. (and don’t give me the “good coins getting wide spread” again)
Marketing is a disaster and a joke, you gave 1M to 1 guy that decides to give it out on stupid translations and stupid video.
Nowhere have I seen any marketing effort of value! There is no master plan, no guidance and leadership like dogecoin did, lack of that will kill this puppy soon
Meanwhile you all discussing stupid things like voting system and color of the coin, NXT get your act together and start do something cos ethereum and emunie will kill you instantly they hit the market. What you all got right now is hot air.
It is arrogant to think you have something to offer that others don’t have, if you don’t start get NXT ibn to the open before ethereum and emunie might as well sell all your freaking coins right now cos rhey are worth sh***

and where is that f*** client!

This is not a get rich quick scheme, This is the history of decenteralized payment systems in the making, That includes etherium and other coins, want pump and dumps? This is not one sorry, So let the big boys discuss code and math and get the FUCK out of here.
full member
Activity: 168
Merit: 100


You can kick this pig, is going nowhere. One of your big stakeholders in all respect of NXT dumped 1M coins on Bter just to let you all see I can.
I hope you all not surprised this pig is not moving.
The big stakeholders are offloading for more than a weeks now and they will continue to do so for months so don’t expect price to rise in the coming months, but expect the worse, and don’t give me the“good coins getting wide spread” now sh**, cos coins going nowhere, 60 people own 80% of NXT.!!!
You were still not able to release the “official” client (vaporware) so people will have to use other clients instead.
Nexern is personally responsible for the price dip (3x he did not deliver) that will follow after my message.
Just like CCinvestor I am a whale waiting to dump but as you do not succeed to produce anything I start dump right now. (and don’t give me the “good coins getting wide spread” again)
Marketing is a disaster and a joke, you gave 1M to 1 guy that decides to give it out on stupid translations and stupid video.
Nowhere have I seen any marketing effort of value! There is no master plan, no guidance and leadership like dogecoin did, lack of that will kill this puppy soon
Meanwhile you all discussing stupid things like voting system and color of the coin, NXT get your act together and start do something cos ethereum and emunie will kill you instantly they hit the market. What you all got right now is hot air.
It is arrogant to think you have something to offer that others don’t have, if you don’t start get NXT ibn to the open before ethereum and emunie might as well sell all your freaking coins right now cos rhey are worth sh***

and where is that f*** client!
hero member
Activity: 840
Merit: 1002
Simcoin Developer
member
Activity: 80
Merit: 10
It is completely different '+' than the '+' from P(A or B) =/= P(A) + P(B)  Grin

I know. I say that u roll 1 (one) die, not 2 (two) dice. That's how I knew that u had assumed that P(A or B) == P(A) + P(B).

Quote
Steps 3-5 in http://wiki.nxtcrypto.org/wiki/Transparent_Forging from the statistics point of view are equivalent to comparing random numbers uniformly distributed between 0 and 1/N where N is number of coins in the wallet (normalization coefficient is the same for all wallets and is omitted for clarity).

Now imagine that you throw a dice with numbers from 1 to 6 and your opponent throws a semi-dice with three possible values from 1 to 3. Who gets the lower number wins the round. In half of the cases you will throw 4-6 and win. In the other half you will have 50:50 chances to win. Thus your chances are 1/2 + 1/4 = 0.75 and his chances are 1/4 = 0.25. Which is 3 times lower.

For arbitrary ratio K between two wallets the probability ratio is 2K-1. For example, a wallet with 100k coins is 199 times more likely to forge a block than 1k wallet.

Do you know how to count from 1 up to 2, or you hadn't read THAT far?  Grin

Please try to concentrate and read all three paragraphs one by one. It is not SO difficult Wink
member
Activity: 80
Merit: 10
Orphaned blocks don't make A and B not mutially exclusive...

They do and this is by design to make it impossible to predict next forging accounts 1440 blocks in advance.


In TF it is possible by design to predict who will forge the next block. That's exactly what I address in this post.

Well, u should roll 2 dice, not 1 die. When u roll 1 die we get P(A or B) = P(A) + P(B).

1) The bigger the number of faces on one die is the smaller is the probability of collision. And for sha256 it is about 10^76 faces.
So the probability is something like 10-76
2) We can redefine the events 'A' and 'B':
instead of 'wallet forges a block' we can take 'wallet gets the reward' then the effect of orphans will be eliminated.
3) I don't know the mechanism of resolving an orphan. It should be something like 'let's try again' with really diminishing probability of two or more orphans going one after the other - then my analogy works without any corrections.
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
I am sill checking how it works to find out if I can generate the priv key for an "i" without having to calc all the priv keys in the sequence.

Let me know if u figure out how they do this, plz. If u can create a new public key without knowledge of the corresponding private key... it's something awesome. Or insecure, coz 2 consecutive public keys would reveal ur private key.

asked that question last year and an electrum dev answered me here https://bitcointalksearch.org/topic/question-the-security-of-disclosing-mpk-and-gap-limit-security-332500.

granted that weakens the security of the keys but not significantly that they become insecure. I agree with you it is futile to search for a way to reproduce the priv of an arbitrary "i" instantly, that would mean the generating hashing function is basically broken, And that means such thing doesn't exist in electrum.

Now for nxt that would be awesome it means we can make the passphrase generate numerious account numbers and the client can track them all BUT, there is the "gap limit issue".

Basically you cannot know when the addresses will replicate but it is VERY unlikely, so how would you know which addresses are in use? What electrum does is you have to tell it that you use for example up to 100 addresses so when you regenerate the wallet from seed it generates the first 100, But what if you used the 101? The client will have no idea unless you tell it to look beyond 100 keys.

So I got you interested? Wink. Lets make this happen.

Basically my exchange is delayed mainly because of this, right now NXT is hot on the server which I do not like, Bitcoin is 100% cold and withdrawals are automated with an external requests fetcher. This feature would be so awesome to make this easy for alot of things Smiley.
full member
Activity: 184
Merit: 100


let's 3D print, engrave with QR-code or something to represent a colored coin.
or just 3D print and deploy as marketing article.

Actually.. these could be even more easily produced from coloured transparent acrylic with high-pressure water jet cutting.

could you provide 3D data for this cutting or CNC molding?
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