NXT :: descendant of Bitcoin - Updated Information - page 1339.

Komputor

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Quote from: Passion_ltc on January 26, 2014, 02:25:48 PM

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.

ivanzhou

newbie

Activity: 2

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Quote from: Passion_ltc on January 25, 2014, 07:00:23 PM

http://cryptolife.net/in-depth-analysis-nxt/

lol. So many wrong things written there.

After reading the entire article, the guy only seemed interested in condemning NXT, as he has done many other altcoins, as he focuses on 3 things:
1) short account # invites passphrase collisions -- this can be mitigated by injecting alphabets or simply scale it up to 30+ numeric digits
2) initial distribution -- need we say more?!
3) lack of exchanges -- we are going on 2 and soon the major names

I suppose any coin that the author DOESN'T have a stake in, he feels the need to rub it in.

Btw, he charges a freaking 1BTC for his so called premium content account. 1 freaking BTC!

iruu

full member

Activity: 148

Merit: 100

Quote from: okaynow on January 26, 2014, 11:57:51 AM

To me the question between the two is somewhat loaded. Let me explain why:

To participate one needs an account, and an account has a minimum cost
1 acc = 1 Nxt(open acc) + 1 Nxt(register public key) = 2Nxt per account

This is wrong. Why? Because a medium-sized holder (500k NXT) can do this for free in about one day. Just include all these transactions in his own block. No fees.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: Passion_ltc on January 26, 2014, 02:25:48 PM

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?

+1

Passion_ltc

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?

Komputor

newbie

Activity: 26

Merit: 0

Quote from: TwinWinNerD on January 26, 2014, 02:17:13 PM

Quote from: Komputor on January 26, 2014, 02:12:10 PM

Quote from: TwinWinNerD on January 26, 2014, 02:05:47 PM

Actually, if we make voting "costly" then the whales will gain wealth even fast!

Please explain how, exactly?

Because we are in a POS system, and if voting cost more than the minimum fee amount, than a majority of the money spend for voting will go directly to the big account holders.

But in the example provided, isn't the voting fee one-time only / per account?

starik69

legendary

Activity: 1367

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It is so oxymoronic to watch those Nxters who already entrusted their finances to PoS system but still trying to cheat "1NXT=1Vote" Grin

TwinWinNerD

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CEO Bitpanda.com

Quote from: shoichikun808 on January 26, 2014, 02:19:54 PM

the way I see it is.

We have a bunch of NXT accounts designated for each voting idea. Each person can send NXT to those accounts to determine which idea get's pushed to the front. Then at the end of the voting period the NXT that was sent to the accounts will be pooled and a majority of the NXT(small portion going to dev costs maybe?) then is distributed among all the NXT accounts that helped in the voting process created prior to the announcement of the voting period (to prevent people from creating accounts just for voting).

So if 150M NXT gets donated and maybe like 100M NXT is to be distributed by 10,000 individual accounts that submitted a vote. Each account that took place in the voting process will receive around 10K NXT each, sort of like a "Thank You for Voting".

Whales will have to pay to play the voting game if they want something implemented while the people that can't afford much NXT in the beginning get paid at the end to help distribute NXT more.

idk, just an idea I was thinking of. Not sure how logical it is Tongue

That is an astonishingly retarded idea Cheesy

hahaha

Anon136

legendary

Activity: 1722

Merit: 1217

everyone is really making this whole voting thing more complicated than it needs to be. Just give people voting power in proportion to their stake. enforce a fee equal to the minimum transaction fee to ensure that they actually care about what they are voting on. and as for how long the stake must have remained stationary, let the issuer of the ballot determine that. its not perfect but nothing ever will be and its the best trade off in incentives problems i can think of.

*edit* really why does this even need to be done on the blockchain anyway. its just going to hog resources. let programmers build systems ontop of the blockchain for this. the tokens that we can already produce are all we need.

shoichikun808

newbie

Activity: 21

Merit: 0

the way I see it is.

We have a bunch of NXT accounts designated for each voting idea. Each person can send NXT to those accounts to determine which idea get's pushed to the front. Then at the end of the voting period the NXT that was sent to the accounts will be pooled and a majority of the NXT(small portion going to dev costs maybe?) then is distributed among all the NXT accounts that helped in the voting process created prior to the announcement of the voting period (to prevent people from creating accounts just for voting).

So if 150M NXT gets donated and maybe like 100M NXT is to be distributed by 10,000 individual accounts that submitted a vote. Each account that took place in the voting process will receive around 10K NXT each, sort of like a "Thank You for Voting".

Whales will have to pay to play the voting game if they want something implemented while the people that can't afford much NXT in the beginning get paid at the end to help distribute NXT more.

idk, just an idea I was thinking of. Not sure how logical it is Tongue

Damelon

legendary

Activity: 1092

Merit: 1010

Summary will be a little late today. I'm working on something special

TwinWinNerD

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CEO Bitpanda.com

Quote from: Komputor on January 26, 2014, 02:12:10 PM

Quote from: TwinWinNerD on January 26, 2014, 02:05:47 PM

Actually, if we make voting "costly" then the whales will gain wealth even fast!

Please explain how, exactly?

Because we are in a POS system, and if voting cost more than the minimum fee amount, than a majority of the money spend for voting will go directly to the big account holders.

Komputor

newbie

Activity: 26

Merit: 0

Quote from: TwinWinNerD on January 26, 2014, 02:05:47 PM

Actually, if we make voting "costly" then the whales will gain wealth even fast!

Please explain how, exactly?

wastedbit

newbie

Activity: 10

Merit: 0

Quote from: xyzzyx on January 25, 2014, 03:13:42 PM

Quote from: wastedbit on January 25, 2014, 03:02:28 PM

I'm wondering if a webpage can get a listing of your url history?

I don't know Javascript, but: http://www.w3schools.com/jsref/obj_history.asp

Quote

The history object contains the URLs visited by the user (within a browser window).

The history object is part of the window object and is accessed through the window.history property.

Note: There is no public standard that applies to the history object, but all major browsers support it.

I researched this last night for a few hours. There are techniques to see if a browser has been to a site (like http:\\localhost); but, by design, a webpage (via javascript or DOM) does not allow review of full URL history. Seems to use an internal browser function to check if a site has been visited - that's it - no general browsing of a client history. You can throw the browser back to previous pages and then get the URL in DOM, but that would double buy an alias - which has never occurred. Based on this, it appears URL history, by browser design, cannot be accessed from a webpage.

I'll check if a webpage can read the clipboard. That's about the only thing coming to mind.

BTW. If anyone was clever enough to do this, they would make millions in advertising. No need to waste time with NXT atm.

TwinWinNerD

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CEO Bitpanda.com

Actually, if we make voting "costly" then the whales will gain wealth even fast!

Komputor

newbie

Activity: 26

Merit: 0

Quote from: okaynow on January 26, 2014, 11:57:51 AM

with 1 voting acc at 4Nxt to participate we have the following:

Code:

1 acc (1Nxt) = 1 vote = 3Nxt to create + 1Nxt to vote = 1 voice 3Nxt + 1 vote = 4Nnxt
1 acc (5Nxt) = 1 vote = 3Nxt to create + 1nxt to vote = 1 voice 3Nxt + 1 vote = 4Nnxt
1 acc(5milNxt) = 1 vote = 3Nxt to create + 1Nxt to vote = 1 voice 3Nxt + 1 vote = 4Nnxt

Still we can't be sure that everyone will behave. What we can do from here is to
make it more expensive and less cost effective for an account with a large balance
trying to create voting puppets to rig the vote.

Quote

If 1acc(5mil) creates 5acc(1mil) to try to rig the vote, his vote would cost him
5acc (1milNxt) = 5 votes = 20Nxt to create + 5Nxt to vote = 1 voice 25Nxt
if 1acc(5milNxt) creates 10.000 vote puppets, let him go bankrupt and pay the fees.

Let the nodes collect the fees

This is my idea. NXT is bringing a whole new message to our society and we should
try to emphasize on making it more transparent. Giving voting power to a large wallet
will be a fatal blow to the foundations of NXT, as it is completely anti-social.

Sorry for the wall of text, but voting is a serious issue.
-Fo-

Does anyone else think this is an excellent suggestion? Why can't we adopt this approach to the voting system?

starik69

legendary

Activity: 1367

Merit: 1000

Quote from: ChuckOne on January 26, 2014, 01:52:31 PM

You see. The wealth of the whales will diminish over time. Because the fees will drain their accounts bit by bit. Even when 95% goes back to them. The 5% will make it in the long run.

I don't see. Fees will not drain, they are collecting them. Cool

And even that, is your 5% worth the game (voting)? Huh

Damelon

legendary

Activity: 1092

Merit: 1010

Btw, updated my front page a bit, so relevant information is easier accessible.

http://www.nxtcoins.nl/

Damelon

legendary

Activity: 1092

Merit: 1010

Quote from: Uniqueorn on January 26, 2014, 01:47:53 PM

Quote from: Damelon on January 26, 2014, 01:45:07 PM

Quote from: EvilDave on January 26, 2014, 01:19:02 PM

NXT should emphasise low energy consumption and emissions reduction, can we agree on that ?

This seems the logical thing to me.
Anyone is free to think as they please.

The global warming discussion is one I would happily discuss, but not in regards to Nxt. That's a personal matter.

Not really a personal matter, the reason it was brought up is marketing strategies, not to start debating global warming in general.
I had no idea that so many NXTers are so uninformed, so I was surprised as hell.

The reason it is important to highlight (in my opinion) is that it's currently a hot topic in tech magazines in regards to Bitcoin. So it's a free marketing oppourtunity.

The reason why I'd like to avoid it is exactly becáuse it's such a hot topic, where science, politics and emotions get mixed up so the thing you want to promote is likely to be forgotten.

You see how easily that happens in this thread. Imagine what can happen in other places.

It's not that I disagree it's an important issue, it's that it is very likely to cloud the fact that what Nxt does is reduce power consumption, no matter what.

Whether you "believe" (and I know that is the wrong word) in GW isn't important for the fact that power consumption goes down, which is a good thing from any angle except the people that profit by generating power.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: starik69 on January 26, 2014, 01:48:29 PM

Quote from: ChuckOne on January 26, 2014, 01:44:43 PM

Quote from: starik69 on January 26, 2014, 01:40:55 PM

Quote from: ChuckOne on January 26, 2014, 01:28:17 PM

The possibility seems quite low to me.

Look into the blockchain Wink

Coincidences?

Statistics

You see. The wealth of the whales will diminish over time. Because the fees will drain their accounts bit by bit. Even when 95% goes back to them. The 5% will make it in the long run.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1339. (Read 2761645 times)