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Topic: NXT :: descendant of Bitcoin - Updated Information - page 1332. (Read 2761645 times)

full member
Activity: 224
Merit: 100
The more NXT someone has, the more right he has to decide. It's natural. Someone with 50% ownership on a company has a 50% right to decide something..

It's so easy. So why do you fighting over this so much?
I agree too, but this is only under the assumption that large stakeholders will always do things in the best interest of the currency's growth and health. However, I am sure at some point there could be large NXT stakeholders that would vote for something just not acceptable by a majority of the community and it would be interesting to see how that would play out in the actual decision making process.
Well, they are the majority. So let it be.

They're not the majority. That's the point here.
They are. If you have 50$ and the other guy 1$ then you have the majority of wealth. So you are should be allowed to say more.

Fortunately, our democratic systems do not work this way (not yet, I fear).

You should be allowed to say more if you spend more of you wealth:
Say, if you spend 1/10 of your wealth it's more than if somebody spend 1/10000 of theirs. It appears it's not so important to them.

NXT is an economic ecosystem, not a state. In PoS 1 NXT is equivalent to 1 person (like SSN, birth certificate, or whatever) because this is the only way to truly account for the validity of each NXT, so 1 NXT = 1 Vote. All other methods will be gamed by the rich to make the poor poorer. For example, using 1 account = 1 Vote, a large stakeholder can create 10k accounts easily, while a small stakeholder will go broke doing it. No matter what you do, the rich can always afford more accounts than the poor can. Thus voting on an account basis is unrealistic.

I think a good analogy would be (within the NXT ecosystem), 1 NXT = 1 Person, Account Owner = Representative. So if you own 10k NXT, you are their representative and represent their "views", but you cannot speak for all the NXTs under other representatives.
legendary
Activity: 866
Merit: 1002
Once you find valid reason major stakeholders
are delaying those blocks let us know.
It is already known because its in the code Cool

Hey fuck it, whatever, go stupid and invest big time into coin that can be stalled for 20+ minutes on will, awesome deal!

R U mad bro? It cannot be stalled*.

Also have you seen the code? have you tried compiling it? NO!
If you did, you'd knew published code DOES NOT work with rest of nodes on the network...

* - ok as someone said already it "sort-of" can, but with risk, that someone else will generate block instead
hero member
Activity: 597
Merit: 500

I could try to invent some graphics for other parts of Nxt too. I know it is not just a coin but I thought it is the biggest part of it, was I wrong?

I believe that coder-masters will show other great features of Nxt.


wow marek3ball, most realistic looking rendered coin i have seen so far.
even if nxt is no coin per definition, this looks great. whish i could have a
platinum version my pocket ;-)

hm... btw, while ltc = silver / btc = gold -> nxt = platinum  Grin
(ok, if we follow this analogy, which we don't of course ;-)
full member
Activity: 196
Merit: 100
NXT - 3D graphics: Update #02

I'm not sure about the date on the coin. It is right 2013 or when was official release?

  • png transparency bug fixed
  • Nxt coin shadow v02

All 3d renderings will be here:
forums.nxtcrypto.org
nextcoin.org



Nice, yes. But the round coin thing really bothers me. Have you thought about a rectangular design? It would have infinitely more recognition value than just another round thing.
It would be harder to make it obvious that it is money though.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
The more NXT someone has, the more right he has to decide. It's natural. Someone with 50% ownership on a company has a 50% right to decide something..

It's so easy. So why do you fighting over this so much?
I agree too, but this is only under the assumption that large stakeholders will always do things in the best interest of the currency's growth and health. However, I am sure at some point there could be large NXT stakeholders that would vote for something just not acceptable by a majority of the community and it would be interesting to see how that would play out in the actual decision making process.
Well, they are the majority. So let it be.

They're not the majority. That's the point here.
They are. If you have 50$ and the other guy 1$ then you have the majority of wealth. So you are should be allowed to say more.

Fortunately, our democratic systems do not work this way (not yet, I fear).

You should be allowed to say more if you spend more of you wealth:
Say, if you spend 1/10 of your wealth it's more than if somebody spend 1/10000 of theirs. It appears it's not so important to them.

We are not a democratic state. We are an ecosystem based on money. Not on people.

It always come back to people. Not the ecosystem is transferring money. It's people doing so.

An ecosystem which is uncomfortable to people because they feel it is unfair aren't willing to accept it.
full member
Activity: 180
Merit: 100
If you make more in different colors it coul be a nice promotion for colored coins concept Smiley

Good idea Smiley.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
NXT - 3D graphics: Update #02

I'm not sure about the date on the coin. It is right 2013 or when was official release?

  • png transparency bug fixed
  • Nxt coin shadow v02

All 3d renderings will be here:
forums.nxtcrypto.org
nextcoin.org



Holy crap!! That's huuuge. I like it. Smiley

(even when nxt shall not be coins)
hero member
Activity: 714
Merit: 500
Crypti Community Manager
The more NXT someone has, the more right he has to decide. It's natural. Someone with 50% ownership on a company has a 50% right to decide something..

It's so easy. So why do you fighting over this so much?
I agree too, but this is only under the assumption that large stakeholders will always do things in the best interest of the currency's growth and health. However, I am sure at some point there could be large NXT stakeholders that would vote for something just not acceptable by a majority of the community and it would be interesting to see how that would play out in the actual decision making process.
Well, they are the majority. So let it be.

They're not the majority. That's the point here.
They are. If you have 50$ and the other guy 1$ then you have the majority of wealth. So you are should be allowed to say more.

Fortunately, our democratic systems do not work this way (not yet, I fear).

You should be allowed to say more if you spend more of you wealth:
Say, if you spend 1/10 of your wealth it's more than if somebody spend 1/10000 of theirs. It appears it's not so important to them.

We are not a democratic state. We are an ecosystem based on money. Not on people.
full member
Activity: 196
Merit: 100
I read the following link in a previous post:

http://wiki.nxtcrypto.org/wiki/Account_Control

This would be a really brilliant feature!

It means almost theft-safe accounts, provided that you can set a control as not reversible

I would do this way:

1) I create a "safe" account A and a "spending" account B
2) I set that account A can only send Nxt to account B and only a limited daily amount

If someone stole my passphrase for account A he could do nothing, if he stole account B he could steal my Nxt but the damage would be limited. If I found that account B is compromised I can create account C and lock account B in the same way as A   Grin

I wonder if such feature could be implemented in bitcoin? Probably it requires some great change in the protocol


+1.  This is a great idea as an option that should be implemented and offered ASAP, if for no other reason to give my caplock button a break so I don't go off on a rant about account freeze codes.
legendary
Activity: 1092
Merit: 1010
Once you find valid reason major stakeholders
are delaying those blocks let us know.
It is already known because its in the code Cool

Hey fuck it, whatever, go stupid and invest big time into coin that can be stalled for 20+ minutes on will, awesome deal!
I am not CfB, but thank you for your competent opinion.

Well people like you will obviously need to hear an opinions of an angry moob waiting in line at some shopping mall to
realise something is not right and should be fixed.

Bye, no more time to waste here.

Yes, very mature to run away when the person above you just posted a documented refutation.

That really shows you are actually interested in a discussion based on facts instead of just trying to win an argument by proving you have more abuse at your verbal command. Smiley

Hey fuck it, whatever, go stupid and invest big time into coin that can be stalled for 20+ minutes on will, awesome deal!

Way to be constructive.  You looked through the blockchain with utter and complete confirmation bias, won't provide objective evidence, and politely argue your point by calling people stupid and swearing.  Well done.

While you were beating your head against the wall trying to make us prove a negative, I trolled the blockchain myself and discovered that the average block generation time for the last several hundred blocks is just a hair over 60 seconds, which is right on target.

Don't take my word for it, though.  Look at some real data: http://brosephus.github.io/nxt-explore/  You will likely find the full analysis of block forging time, presented there, of interest.

sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
The more NXT someone has, the more right he has to decide. It's natural. Someone with 50% ownership on a company has a 50% right to decide something..

It's so easy. So why do you fighting over this so much?
I agree too, but this is only under the assumption that large stakeholders will always do things in the best interest of the currency's growth and health. However, I am sure at some point there could be large NXT stakeholders that would vote for something just not acceptable by a majority of the community and it would be interesting to see how that would play out in the actual decision making process.
Well, they are the majority. So let it be.

They're not the majority. That's the point here.
They are. If you have 50$ and the other guy 1$ then you have the majority of wealth. So you are should be allowed to say more.

Fortunately, our democratic systems do not work this way (not yet, I fear).

You should be allowed to say more if you spend more of you wealth:
Say, if you spend 1/10 of your wealth it's more than if somebody spend 1/10000 of theirs. It appears it's not so important to them.
full member
Activity: 196
Merit: 100
Is this including exchange accounts?
yes, and i see no reason in excluding them, as the exchange owners have FULL control of those NXT. (Voting and forging power)
Which account numbers go to which exchanges? 
sr. member
Activity: 490
Merit: 250
I don't really come from outer space.

Not good enough for 2014. and supposedly 2nd gen cryptocoin, sorry. Even BTC Testnet works better, there it takes just
CPU to create a block after 20 minutes of no block added and that is because difficulty will be artificially dropped to 0.5

I'll rephrase:  if you stall generating the next block, someone else will jump in line ahead of you and generate it instead.
full member
Activity: 210
Merit: 100
Hey fuck it, whatever, go stupid and invest big time into coin that can be stalled for 20+ minutes on will, awesome deal!

Way to be constructive.  You looked through the blockchain with utter and complete confirmation bias, won't provide objective evidence, and politely argue your point by calling people stupid and swearing.  Well done.

While you were beating your head against the wall trying to make us prove a negative, I trolled the blockchain myself and discovered that the average block generation time for the last several hundred blocks is just a hair over 60 seconds, which is right on target.

Don't take my word for it, though.  Look at some real data: http://brosephus.github.io/nxt-explore/  You will likely find the full analysis of block forging time, presented there, of interest.
hero member
Activity: 834
Merit: 524
Nxt NEM
So are we forking badly or not?

noob question but what happens when it forks???

Every fork of a network is effectively a new network itself. If you get stuck on a new fork/network then the coins you have are newNXT coins, as opposed to originalNXT coins. And they are not usable on the main NXT network. So they are almost useless.

situation A)
- I have money in my account
- I will not update and start new bad fork
- nobody will send me NXT coins
- I will fix situation and update
- are my old NXT ok?

situation B)
- the same as A, however somebody sent me NXT during my bad fork
- will be useless only money received during my bad fork?
- money I had before bad fork are ok?


bad fork ... useless money??

Is that planned feature?

I'd have thought that new versions are backwards compatible (at least in the code is e.g. block.version ...)

full member
Activity: 182
Merit: 100
NXT.org
NXT - 3D graphics: Update #02

I'm not sure about the date on the coin. It is right 2013 or when was official release?

  • png transparency bug fixed
  • Nxt coin shadow v02

All 3d renderings will be here:
forums.nxtcrypto.org
nextcoin.org



After all this effort to not let NXT be viewed as "coins" you make a coin rendering. hmm

I could try to invent some graphics for other parts of Nxt too. I know it is not just a coin but I thought it is the biggest part of it, was I wrong?

I believe that coder-masters will show other great features of Nxt.



If you make more in different colors it coul be a nice promotion for colored coins concept Smiley
legendary
Activity: 1367
Merit: 1000
Once you find valid reason major stakeholders
are delaying those blocks let us know.
It is already known because its in the code Cool

Hey fuck it, whatever, go stupid and invest big time into coin that can be stalled for 20+ minutes on will, awesome deal!
I am not CfB, but thank you for your competent opinion.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Just translated this post to German: http://www.cryptocoinsnews.com/2014/01/17/whats-nxt-world-cryptocurrencies

https://bitcointalksearch.org/topic/m.4762678

Könnt mir gerne Bescheid sagen wenn ihr Verbesserungsvorschläge habt ! Smiley

Sieht gut aus. Smiley
hero member
Activity: 714
Merit: 500
Crypti Community Manager
The more NXT someone has, the more right he has to decide. It's natural. Someone with 50% ownership on a company has a 50% right to decide something..

It's so easy. So why do you fighting over this so much?
I agree too, but this is only under the assumption that large stakeholders will always do things in the best interest of the currency's growth and health. However, I am sure at some point there could be large NXT stakeholders that would vote for something just not acceptable by a majority of the community and it would be interesting to see how that would play out in the actual decision making process.
Well, they are the majority. So let it be.

They're not the majority. That's the point here.
They are. If you have 50$ and the other guy 1$ then you have the majority of wealth. So you are should be allowed to say more.
sr. member
Activity: 490
Merit: 250
I don't really come from outer space.
If you think it is impossible to create "hold that block for a minute" button than you are not coder and also don't know much
about cryptocoin history
If you are coder, then you could read the code and see where are you wrong  Tongue Who is lazy ass then?  Grin

See lines 4727 - 4761 in the published source.

Everyone who has their client open and forging will be waiting to forge.  If you delay too long as the target grows, the more likely it will be that others will get the hit and be able to forge the next block.

Remember, while forging is deterministic, the nodes who will be forging at any given time is basically random.  This leads to blocks that may be forged by different accounts one after another in less than 1 minute intervals, or may have several minutes between them.  The actual time is random.  But the average time will be 1 minute between blocks when a large sampling of block times are taken together.
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