NXT :: descendant of Bitcoin - Updated Information - page 1486.

garcias

member

Activity: 84

Merit: 10

Quote from: TwinWinNerD on January 20, 2014, 09:00:36 AM

Quote from: punkrock on January 20, 2014, 08:54:02 AM

Quote from: rickyjames on January 20, 2014, 07:41:22 AM

WE NEED AN ACCOUNT FREEZE CODE CAPABILITY A USER CAN LOAD INTO THE BLOCKCHAIN AS A PAID MESSAGE THAT ALL NODES WILL RECOGNIZE AND REJECT ALL TRANSACTIONS OUT OF THIS ACCOUNT UNTIL A USER REVERSES IT AND TURNS IT OFF WITH A SECOND PASSWORD.

No need to shout, but yes. +1

###

woulda saved me 107000 NXT Sad

you lost 107K?? Huh

Thats 7.4K$ right now and the speed train is just on beggining
Angry

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: joefox on January 20, 2014, 03:15:38 PM

http://mynxt.org is lovely. Great work; exactly the kind of beginner-friendly interface we need!

And so much going on today -- gonna have a BUNCH of wiki updates to do tonight....!

Owner of http://mynxt.org - please change my link to https.

https://nxtchg.com

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: TwinWinNerD on January 20, 2014, 03:16:36 PM

Quote from: Anon136 on January 20, 2014, 03:12:55 PM

Quote from: newsilike on January 20, 2014, 03:08:32 PM

Either voting will be truly revolutionizing or it will be a serious threat to Nxt.

Would it be a good to reward the coinage regarding to the voting weight?

voting weight = stake * coinage

Sounds right to me.

and coinage should not be weighted that hard. because we DON'T want to discurage someone from changing passwords once in a time, also for spending and trading!

point taken

though perhaps maybe the better lesson to be learned here is to not give voting to much power.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: Anon136 on January 20, 2014, 03:12:55 PM

Quote from: newsilike on January 20, 2014, 03:08:32 PM

Either voting will be truly revolutionizing or it will be a serious threat to Nxt.

Would it be a good to reward the coinage regarding to the voting weight?

voting weight = stake * coinage

Sounds right to me.

and coinage should not be weighted that hard. because we DON'T want to discurage someone from changing passwords once in a time, also for spending and trading!

joefox

full member

Activity: 210

Merit: 100

http://mynxt.org is lovely. Great work; exactly the kind of beginner-friendly interface we need!

And so much going on today -- gonna have a BUNCH of wiki updates to do tonight....!

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: NxtChg on January 20, 2014, 03:12:07 PM

Quote from: Anon136 on January 20, 2014, 03:03:42 PM

+1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it. that issue doesnt need to be taken into consideration by the person making the voting system. it needs to be taken in to consideration by the person creating the ballots.

Why so pessimistic? What if we add some sort of captcha that will make sure one person can't vote a ridiculous number of times?

With growing user base it will make less and less sense to try and rig just few more votes.

It's no different than bitcoin where someone who has a ton of mining power has more of a vote.

Besides, from a logical point of view a person who owns a lot of NXT deserves to have "more of a say" in any voting mechanism since the outcome will affect his holding more than someone who owns 100NXT. People seem to forget that. But it's understandable since intuitively it might seem undemocratic.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: newsilike on January 20, 2014, 03:08:32 PM

Either voting will be truly revolutionizing or it will be a serious threat to Nxt.

Would it be a good to reward the coinage regarding to the voting weight?

voting weight = stake * coinage

Sounds right to me.

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: Anon136 on January 20, 2014, 03:03:42 PM

+1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it. that issue doesnt need to be taken into consideration by the person making the voting system. it needs to be taken in to consideration by the person creating the ballots.

Why so pessimistic? What if we add some sort of captcha that will make sure one person can't vote a ridiculous number of times?

With growing user base it will make less and less sense to try and rig just a few more votes.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: coolmist on January 20, 2014, 03:04:51 PM

Quote from: TwinWinNerD on January 20, 2014, 02:58:58 PM

This voting math is implemented and 2 people just bought 10.000.000 NXT each.
One of them is keeping all NXT in his one account. Voting power: 100
The other on makes 100 accounts with 100.000 NXT each. Voting Power: 4641

Basically he payed 100 NXT fees, to increase his voting power by 4741%
Does that really sound fair? I think not.

I will try to find a way around this

. I just wanted start the process of developing a mathematical formula for voting.

I'm going to continue to move things around and will post updates for input.

Quote from: Anon136 on January 20, 2014, 03:03:42 PM

+1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it. that issue doesnt need to be taken into consideration by the person making the voting system. it needs to be taken in to consideration by the person creating the ballots.

As someone with millions of NXT, I disagree. I think mathematical equations hold the answer to equality.

As previously stated, if you try to put limits on how much stake someone can use to vote than a whale will simply break his stake up into multiple accounts. If you try to say that you get 1 vote per account than fraudsters will make a zillion accounts with one nxt each. I think your judgment may be clouded by what you would like to be the case.

S3MKi

legendary

Activity: 1540

Merit: 1016

Quote from: BitcoinForumator on January 20, 2014, 03:00:42 PM

Quote from: S3MKi on January 20, 2014, 02:55:43 PM

What is current block guys?

46067

thanks a lot.

newsilike

sr. member

Activity: 630

Merit: 262

This account was hacked. just recently got it back

Either voting will be truly revolutionizing or it will be a serious threat to Nxt.

Would it be a good to reward the coinage regarding to the voting weight?

mr_random

legendary

Activity: 1344

Merit: 1001

The trading volume of NXT on bter.com is looking very healthy indeed.

When you add up the BTC and CNY pairs, the total volume of NXT traded on BTER exceeds dgex.com by 50%.

The future is bright gentlemen.

coolmist

newbie

Activity: 56

Merit: 0

Quote from: TwinWinNerD on January 20, 2014, 02:58:58 PM

This voting math is implemented and 2 people just bought 10.000.000 NXT each.
One of them is keeping all NXT in his one account. Voting power: 100
The other on makes 100 accounts with 100.000 NXT each. Voting Power: 4641

Basically he payed 100 NXT fees, to increase his voting power by 4741%
Does that really sound fair? I think not.

I will try to find a way around this

. I just wanted start the process of developing a mathematical formula for voting.

I'm going to continue to move things around and will post updates for input.

Quote from: Anon136 on January 20, 2014, 03:03:42 PM

+1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it. that issue doesnt need to be taken into consideration by the person making the voting system. it needs to be taken in to consideration by the person creating the ballots.

As someone with millions of NXT, I disagree. I think mathematical equations hold the answer to equality.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: TwinWinNerD on January 20, 2014, 02:58:58 PM

Quote from: coolmist on January 20, 2014, 02:52:56 PM

Working on the math behind the voting system.

What variables do you think should be included to determine voting power?

So far I have

(This isn't in any known language, just organized in a way that people should be able to understand)

Code:

variables that are added to vote weight

account size
account age

Hypothetically let
lastblock ==1400
account creation[0]== 1400
account creation[1]== 700
account creation[2]== 100

accountSize[0]== 1,00,000
accountSize[1]== 500,000
accountSize[2]== 250,000

Let relativeAge = (lastBlock) / (accountCreation) '

therefore : relativeAge[0]= 1
relativeAge[1]= 2
relativeAge[2]=14

Let fairWeight = (accountSize)^(1/3)

therefore : fairWeight[0]= 63
fairWeight[1]= 51
fairWeight[2]=41

votingPower = (relativeAge)*(fairWeight)

votingPower[0] = 63
votingPower[1] = 102
votingPower[2] = 574

I know you guys just want to make Voting not so "top-heavy". But that is no solution.

Let's look at this szenario:

This voting math is implemented and 2 people just bought 10.000.000 NXT each.
One of them is keeping all NXT in his one account. Voting power: 100
The other on makes 100 accounts with 100.000 NXT each. Voting Power: 4641

Basically he payed 100 NXT fees, to increase his voting power by 4741%
Does that really sound fair? I think not.

+1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it. that issue doesnt need to be taken into consideration by the person making the voting system. it needs to be taken in to consideration by the person creating the ballots.

brooklynbtc

sr. member

Activity: 336

Merit: 250

AKA jefdiesel

Quote from: Anon136 on January 20, 2014, 02:40:12 PM

Quote from: brooklynbtc on January 20, 2014, 02:35:07 PM

Quote from: jdebunt on January 20, 2014, 10:41:41 AM

http://www.cryptoarticles.com/crypto-news/2014/1/20/poloniex-adds-more-coins-includes-noblecoin-ltcnxt-pair

Congratz on the NXT/LTC trading pair! and a new exchange with NXT/BTC

not much of an exchange. I wouldnt trust them at this point.

why wouldnt you trust them?

it just doesnt look very trustworthy, no other reason.

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

Quote from: S3MKi on January 20, 2014, 02:55:43 PM

What is current block guys?

46067

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: coolmist on January 20, 2014, 02:52:56 PM

Working on the math behind the voting system.

What variables do you think should be included to determine voting power?

So far I have

(This isn't in any known language, just organized in a way that people should be able to understand)

Code:

variables that are added to vote weight

account size
account age

Hypothetically let
lastblock ==1400
account creation[0]== 1400
account creation[1]== 700
account creation[2]== 100

accountSize[0]== 1,00,000
accountSize[1]== 500,000
accountSize[2]== 250,000

Let relativeAge = (lastBlock) / (accountCreation) '

therefore : relativeAge[0]= 1
relativeAge[1]= 2
relativeAge[2]=14

Let fairWeight = (accountSize)^(1/3)

therefore : fairWeight[0]= 63
fairWeight[1]= 51
fairWeight[2]=41

votingPower = (relativeAge)*(fairWeight)

votingPower[0] = 63
votingPower[1] = 102
votingPower[2] = 574

I know you guys just want to make Voting not so "top-heavy". But that is no solution.

Let's look at this szenario:

This voting math is implemented and 2 people just bought 10.000.000 NXT each.
One of them is keeping all NXT in his one account. Voting power: 100
The other on makes 100 accounts with 100.000 NXT each. Voting Power: 4641

Basically he payed 100 NXT fees, to increase his voting power by 4741%
Does that really sound fair? I think not.

Passion_ltc

hero member

Activity: 714

Merit: 500

Crypti Community Manager

Quote from: pinarello on January 20, 2014, 02:53:06 PM

Would love to here from nexern if 26th is still standing as testdate and if VS is implemented in the client.

Nexern?

Pin

May you (nexern) post some screenshots of your client?

S3MKi

legendary

Activity: 1540

Merit: 1016

What is current block guys?

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Would love to here from nexern if 26th is still standing as testdate and if VS is implemented in the client.

Nexern?

Pin

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