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Topic: NXT :: descendant of Bitcoin - Updated Information - page 1394. (Read 2761645 times)

full member
Activity: 182
Merit: 100
NXT.org
Bingo. A writer from Bloomberg wants to talk about Nxt (along with Peercoin). Constant emails, they eventually pay off.

Nice. This is 100% true.
People underestimate the power of marketing.
sr. member
Activity: 602
Merit: 268
Internet of Value
Bingo. A writer from Bloomberg wants to talk about Nxt (along with Peercoin). Constant emails, they eventually pay off.

You are a treasure of PR and community building effort.
full member
Activity: 126
Merit: 100
JustabitofTime - Co-Founder of CoinTropolis
Bingo. A writer from Bloomberg wants to talk about Nxt (along with Peercoin). Constant emails, they eventually pay off.
sr. member
Activity: 294
Merit: 250
Someone here, how would be able to code a simple mass-sending client? One fix amount, sending to unlimited addresses - one recipient per line.





Code:

  

Amount:


  

Fee:


  

  

Address:
  


  

   if(isset($_POST['submit']) )
   {
      
$array preg_split ('/$\R?^/m'$_POST['addresses']);
      
$countaddress count($array);
      for(
$i=0;$i<$countaddress;$i++){
      
$array[$i] = preg_replace('/\s+/'''$array[$i]);
      
$jsonurl "http://localhost:7874/nxt?requestType=sendMoney&secretPhrase=SECRET&recipient=".$array[$i]."&amount=".$_POST['amount']."&fee=".$_POST['fee']."&deadline=1440";
$json file_get_contents($jsonurl);
var_dump(json_decode($json));
}
   }
?>



I did it in PHP if you want, have not tested... you have to change "SECRET" in the code with the sender passphrase  and localhost with your server maybe localhost idk

Before use it try it with maybe 2 recipient and send only 1 NXT
full member
Activity: 224
Merit: 100
Well, taking a break from the heated discussion was good: the C++ version of the New Address Format is 99% complete.

Need to port it to PHP and JS and we can roll.

Nice work!
hero member
Activity: 910
Merit: 1000
Should i join a forging pool? at my current amount i won't ever get anything lol

Hi, there will be advanced options where you can lend your Nxt to a forging pool without the Nxt ever having to leave your account.  At this point, don't send your Nxt to any account claiming to be a pool.

Already discussed. Will maybe be implemented via account control.

Edit: Lol, too late for me. Thought it was a question...

Gn8
legendary
Activity: 1512
Merit: 1004
With a block time of 1 min give or take 10 seconds, transactions would have to happen offline, right? I think this is possible due to proof of stake. But if this is the method behind 1,000 TPS there should be no limit to the amount of transactions per second aside from the maximum size of a block.

Theoretically, would 60k tps be possible if in the other 59 seconds 0 transactions occurred?

I don't think that there will be empty blocks in the future.
The max transactions for every block is 255, that means 255 transactions per minute,so how to realize instant transaction with more transactions ?
hero member
Activity: 644
Merit: 500
You mentioned that PoS is not going to stay with Nxt forever.

What is coming after the Proof of Stake?

I dunno. BCNext once said that at final stage Transparent Forging would become so transparent that we wouldn't even need it.
What do you mean? To sign a block anyone'll need proof of... what? Instead of stake. Equal chances to all forgers? It'll decrease natural PoS-protection — attack'll become cheaper, won't it?

For klee:
Quote
From what I've understood the rig doesn't matter. What matters is how many coins you have in your wallet. And unless you have millions I don't think you will be forging much of anything. Please correct me if I'm wrong.
1 coin = 1 perfect rig. Almost 0 amortization, we've to keep entropy as low as possible, haven't we?

Quote
but how does rewarding the rich for being rich (Proof of stake algorithms) make any sense at all?
That's not about reward. Mining or forging needed for keeping crypto run. Reward is stimulation, forging takes so small effort, so I'd forge even for free, if it would set that way. But balances+txs+fees=0 make sense, so makes sense >0 fee to make both txs'es senders compete and avoid spam. Maybe 1 NXT soon will be too much though.

Quote
In POS they just keep generating more out of thin air. That is just ridiculous.
That's incorrect point with Nxt.

Quote
It's just not a good way of distributing value.
Do the math. For eye's estimation current distribution of wealth almost the same for bitcoiners and nxters.

Quote
Now with POScoin you acquire a 1% position in the coin the first month and basically have to do nothing to maintain that position in the future except not sell.
Valid. It's an equation: at some point big amount of coins hurting you versus potential scenarios. How much? Well, Satoshi's funds doesn't stop Bitcoin from spreading so far, so u can estimate deadly %. Even XRPs are trading, for God sake  Grin

Quote
I'm going to have to provide value to other people in society for them to pay me it.
U can't provide value. It's generally relative thing. And PoW just getting oldtech as block's signing system: too much effort, same result.

Quote
They won't be rewarded just for owning coins either and that is also a good thing.
Excuse me? They will. If Bitcoin'll get even higher success (as u suggest — to spread the word, for myself I was going to non-profitable-Bitcoin-mining as form of supporting the idea until I read about Nxt), any holder'll become richier.

Quote
One huge thing that bitcoin has going for it is that it is already very well established.
"Outcome bias", bro. One of the cognitive ones.

And 2 cents about ROI%:
ROI% of mining PoW-currency (any) can be very high. There's already market of rigs for BTC for example. But it's not a passive income. For profitable in long-term mining u'll need or arms race (CPUs, GPUs, FPGAs, ASICs — check, what's next?  Grin ), or coins-to-mine race (BTC, LTC, 5 more, 10 more, 50 more — check), where u've to be with or most powerful rig, and/or to be in best currency to mine at that moment. And we'll get some field of decisions (rig/coin in dynamic) for "+" ROI% of mining.
legendary
Activity: 1470
Merit: 1004
Should i join a forging pool? at my current amount i won't ever get anything lol

Hi, there will be advanced options where you can lend your Nxt to a forging pool without the Nxt ever having to leave your account.  At this point, don't send your Nxt to any account claiming to be a pool.


damn that actually sounds amazing.. does anyone know what the founders typically get per day forging?

A lot of the stake holders don't forge, but it really depends, you can click on some of the top accounts to see what some accounts have forged in total.  Obviously there aren't a ton of transaction fees yet, but that will increase. 

http://87.230.14.1/nxt/nxt.cgi?action=34
legendary
Activity: 1092
Merit: 1010
Should i join a forging pool? at my current amount i won't ever get anything lol

Hi, there will be advanced options where you can lend your Nxt to a forging pool without the Nxt ever having to leave your account.  At this point, don't send your Nxt to any account claiming to be a pool.


damn that actually sounds amazing.. does anyone know what the founders typically get per day forging?

Probably around 10-100 Nxt max
legendary
Activity: 1190
Merit: 1001
Should i join a forging pool? at my current amount i won't ever get anything lol

Hi, there will be advanced options where you can lend your Nxt to a forging pool without the Nxt ever having to leave your account.  At this point, don't send your Nxt to any account claiming to be a pool.


damn that actually sounds amazing.. does anyone know what the founders typically get per day forging?

You get about 1NXT/24h per 100,000 NXT. You will realise no one will get rich forging, the main point is securing the network for your own benefit.
hero member
Activity: 490
Merit: 504
People crying that with PoS you make little money forging don't realise that your ROI as a particular in PoW mining usually is -50%.

You shoould tell them that the main advantage of PoS forging is that you're guaranteed to not lose anything (also you won't get high profits). Instead in PoW you're guaranteed to being fooled by the ASIC sellers...

I think we should make a list with the ROI you get if you buy PoW rigs to show all the new people how they will lose money.
I will! (tell)
member
Activity: 112
Merit: 10
People crying that with PoS you make little money forging don't realise that your ROI as a particular in PoW mining usually is -50%.

You shoould tell them that the main advantage of PoS forging is that you're guaranteed to not lose anything (also you won't get high profits). Instead in PoW you're guaranteed to being fooled by the ASIC sellers...

I think we should make a list with the ROI you get if you buy PoW rigs to show all the new people how they will lose money.



Im not crying lol i make more money mining on alt coins per day (on my gfx card) and between the two it is a huge difference
member
Activity: 112
Merit: 10
Should i join a forging pool? at my current amount i won't ever get anything lol

Hi, there will be advanced options where you can lend your Nxt to a forging pool without the Nxt ever having to leave your account.  At this point, don't send your Nxt to any account claiming to be a pool.


damn that actually sounds amazing.. does anyone know what the founders typically get per day forging?
legendary
Activity: 1190
Merit: 1001
People crying that with PoS you make little money forging don't realise that your ROI as a particular in PoW mining usually is -50%.

You shoould tell them that the main advantage of PoS forging is that you're guaranteed to not lose anything (also you won't get high profits). Instead in PoW you're guaranteed to being fooled by the ASIC sellers...

I think we should make a list with the ROI you get if you buy PoW rigs to show all the new people how they will lose money.
legendary
Activity: 1470
Merit: 1004
Should i join a forging pool? at my current amount i won't ever get anything lol

Hi, there will be advanced options where you can lend your Nxt to a forging pool without the Nxt ever having to leave your account.  At this point, don't send your Nxt to any account claiming to be a pool.
legendary
Activity: 1190
Merit: 1001
can someone request http://www.cryptmarketcap.com to add NXT??
I twitted with him/them, he/they said everything was ready but when it as announced ppl start complaining -_- Huh

That website was made in response to delete non mining cryptos because PoW mining mafia was too scary about competition. It is completely normal that now they don't want them to add NXT.
newbie
Activity: 56
Merit: 0
I like PoS MUCH more then PoW without a doubt. Of course it's a good idea to buy ASICs and figurally "print money", but from the other hand, you are investing in hardware and power, doing nothing usefull. With PoS, you can use your investment in coins to generate an extra profit. I realy like this idea.

But, your example is "little" unfair. In first situation, rich guy is "parasite" just spending his money, but in second he is ASICs manufacturer, that is I believe is not the easiest business and I am sure that at least 99% of bitcoin holders would not be able to effectively control such enterprise. So you are compairing, let's say CryptoRockefeller's grandson spending millions on drugs, drinks and girls to a CryptoRockefeller himself)

This is why I also included an example of the richest guy's neighbor, who is a "parasite":

Obviously, the richest person in this example is also industrious, because he set up an ASIC manufacturing business, but this is an opportunity that is only afforded to the rich. Lets say his neighbor, who is not quite as rich, and not as industrious, simply bought 800 ASIC miners from him at a 40% discount rate from full retail, and then sat back and did nothing all year except to be a "parasite to society and offer NOTHING back". Well, he is still receiving a MUCH higher ROI than the poorest person who could only afford one miner at full retail.
hero member
Activity: 840
Merit: 1002
Simcoin Developer
Ive got an idea for tracking down if this windows based close source vanity program is the source of the theft.  If the user who was stolen from  can pull the installer from his hard drive and send it to me, I can install it and use ethereal (IP Packet sniffer) to see if the program phones home anywhere.

It must be originally pulled from the users HD.  I dont want to DL it from anywhere where it may have been changed.

Obviously I will blow the PC away with a fresh OS load after im done testing

If nobody sends you their versions, I have one from Jan 10. Never used it, it just lays there in an archive.

I looked at it briefly in a hex editor when people reported and didn't notice anything particularly funny, though it seems like it has some network functions, but that might be from OpenSSL.

And you can run it in VM, no need to ruin your PC.
legendary
Activity: 1092
Merit: 1010
I've been playing a game: "Try to make a sentence using all words that would either make the bitcoin thread people throw a fit or just slam their heads into their keyboards in frustration"

So far I have:

"Maybe we need a vote about the fees that should go towards an academic white paper about an open source full feature client"

I'm sure something better could be made.  Smiley
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