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Topic: NXT :: descendant of Bitcoin - Updated Information - page 1594. (Read 2761647 times)

sr. member
Activity: 644
Merit: 250
I am living in the wrong timezone. Anyway:



AWESOME!!!  Grin
hero member
Activity: 808
Merit: 1011
I am living in the wrong timezone. Anyway:

legendary
Activity: 1470
Merit: 1004
I would like to offer a personal 100k bounty for anyone who can develop a Nxt torrent function using AM.  I believe we could also develop a decentralized marketplace using the same model, I need SR back!  But seriously, I'm sure the community would reward in addition to my bounty.  I can start a separate thread as well.
legendary
Activity: 1470
Merit: 1004
0.5.8 running so smooth, and much faster!  Thanks JLP.
legendary
Activity: 1722
Merit: 1217
nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.

*edit* i may write a paper about this

Would be great. I was going to implement Parallel Blockchains by April, but I see that u already got the same idea ("or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains"), so I'll focus on other things.

The only problem that I'm having with the idea of writing a paper about it is that i pretty much communicated everything that i needed to communicate in a paragraph >.< While at the same time I cant say, "hey guys i wrote a paragraph, everyone check out my awesome paragraph!"

Plz expound,  i do not grasp concept of 'parallel secure blockchains'  much less how they correlate with dac

I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains.
full member
Activity: 238
Merit: 100
nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.

*edit* i may write a paper about this

Would be great. I was going to implement Parallel Blockchains by April, but I see that u already got the same idea ("or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains"), so I'll focus on other things.

The only problem that I'm having with the idea of writing a paper about it is that i pretty much communicated everything that i needed to communicate in a paragraph >.< While at the same time I cant say, "hey guys i wrote a paragraph, everyone check out my awesome paragraph!"

Plz expound,  i do not grasp concept of 'parallel secure blockchains'  much less how they correlate with dac
legendary
Activity: 1722
Merit: 1217

The only problem that I'm having with the idea of writing a paper about it is that i pretty much communicated everything that i needed to communicate in a paragraph >.< While at the same time I cant say, "hey guys i wrote a paragraph, everyone check out my awesome paragraph!"


best paragraph I read this year.   Thank you!

I love this nxt community. You guys never fail to say things that brighten my day.
xgc
member
Activity: 69
Merit: 10

The only problem that I'm having with the idea of writing a paper about it is that i pretty much communicated everything that i needed to communicate in a paragraph >.< While at the same time I cant say, "hey guys i wrote a paragraph, everyone check out my awesome paragraph!"


best paragraph I read this year.   Thank you!
legendary
Activity: 1181
Merit: 1002
Also catching up a couple of pages at the moment.

I totally agree with msin:


3Mil is not enough to allocate for development, especially if you are thinking of spending 7Mil on marketing.  Again, I can't emphasize enough the things we can do with 200k-500k bounties to developers, incredible progress in a short period of time.  Marketing is good, but the general crypto user base will know Nxt based on features alone.


I would clearly prefer an allocation of
70% development/network/code reviews/etc.
30% marketing/advertisements/social networking/etc.

should go hand in hand but led by technology
legendary
Activity: 1722
Merit: 1217
nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.

*edit* i may write a paper about this

Would be great. I was going to implement Parallel Blockchains by April, but I see that u already got the same idea ("or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains"), so I'll focus on other things.

The only problem that I'm having with the idea of writing a paper about it is that i pretty much communicated everything that i needed to communicate in a paragraph >.< While at the same time I cant say, "hey guys i wrote a paragraph, everyone check out my awesome paragraph!"
legendary
Activity: 2142
Merit: 1010
Newbie
https://bitcointalksearch.org/topic/m.4543546
Someone is this thread is claiming that: P > p
where P means the probability of forging to put all Nxt into one acount,
p means the probability of forging to split Nxt to 2 accounts.

Could you confirm whether this is correct?

If it's true, it's absolutely unfair. The large holders will have much more forge chances than they should be.

Answered - https://bitcointalksearch.org/topic/m.4558623
full member
Activity: 189
Merit: 100
I guess I am bit late for 1000, but anyway wohoo page 1001, keep up guys Smiley
legendary
Activity: 2142
Merit: 1010
Newbie
nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.

*edit* i may write a paper about this

Would be great. I was going to implement Parallel Blockchains by April, but I see that u already got the same idea ("or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains"), so I'll focus on other things.
sr. member
Activity: 336
Merit: 250
AKA jefdiesel
went to work, came home and you guys broke into 4 digits. good job
sr. member
Activity: 449
Merit: 250
Owning nxt doesn't but using the nxt that you own to forge does. In-order to doublespend a person needs to silently make a chain that is longer (technically chains arnt selected by length in nxt but i dont want to get into that here) than the chan that is being used currently and publish it absent the transaction that he wishes to unspend. The more evenly distributed the stake the less likely it is for someone to be able to silently get multiple blocks in a row. By having a portion of the stake and forging with it you help to make this distribution more even (unless you own too much of it).

anyway thats not a perfect explanation its just a quick overview of the basic idea.

Thank you for the explanation. Now riddle me this....

The "transparent forging" mechanism defends against a 90% attack, because if the 90% stakeholder did not forge a block when it was his turn, the network would select another forger for the next block, thus preventing a malicious person from making their own chain.

Could this the be defeated by the hypothetical 90% stakeholder splitting his NXT into 5 or more accounts that he controls so that he may be "tapped" to forge the next block a few times in a row and then he ultimately releases a phony chain with one of his puppet accounts?
legendary
Activity: 2142
Merit: 1010
Newbie

Thank u for the link. Unfortunatelly, it doesn't contain an implementation of EC-KCDSA.

PS: BCNext modified original version of EC-KCDSA to increase requirements to hardware implementations of an Nxt wallet. This was supposed to increase protection of end users. But this also has some disadvantages, like inability to find other source code that does the same thing. I'm not even sure that the original contained such the code.

I don't even know what that means, but the guy just replied to me and I have his code. It seems to be the same as the source linked to, only it adds sign25519 and verify25519 methods. and there is another archive included by Michele Bini. Should I email it to you? what's your email?

Never mind, I've uploaded them to copy.com:

https://copy.com/uOipoZkrpqO6
https://copy.com/sC8yYDyhhLmo

Let me know if this helps?

I haven't asked the guy yet, he may also be appropriate to do a code review? Should I ask him CFB?

Edit: Oh, actually, this was the guy that ported from C to Java - dmitry skiba - not the guy that wrote the C implementation - haven't heard back from him yet.

Thank u, I'll check it.
full member
Activity: 238
Merit: 100
can someone get me the peerexplorer scanner's IP address?  I have my VPSs API locked down, would like to add them as a bot
full member
Activity: 140
Merit: 100
My impression is that this means that if btc devalues by a factor of 5 over the next month (let's ignore the following recovery down the road for the sake of argument), NXT will also devalued by a very similar factor.

The week bitcoin crashed twice nxt bumped x10.



I am not sure how effective parallel thinking is when applied to exponential data...
legendary
Activity: 1806
Merit: 1001
My impression is that this means that if btc devalues by a factor of 5 over the next month (let's ignore the following recovery down the road for the sake of argument), NXT will also devalued by a very similar factor.

The week bitcoin crashed twice nxt bumped x10.

legendary
Activity: 1806
Merit: 1001
Wut? GW is a proved fake. Even pro-global-warming "scientists" already agreed to change its name to "global climate change" since everyone sees that it's total crap. There were always periods of global warming and global cooling and they will always be. It has nothing to do with us. Especially with mining.

Really, what planet do you live on, not earth.

Yeah, we should probably downplay the "carbon footprint / global warming" thing. The global warming ship has sailed, fewer and fewer people believe in it as time goes on.

We CAN say that Nxt "conserves resources," as that is not up for debate and the people that still believe in global warming can make their own connections to carbon footprints and what not.


It's funny, but 20,000 years ago, in the spot right where I am sitting, there w a glacier two kilometers thick. Now it's melted and the nearest glacier is 2200 km away. I used to blame that on carbon emissions from the industrial revolution, but people kept laughing at me, so I became a climate change denier.

Exactly. How much data do we have? For the last 10-20 years? How can anybody make conclusions based on it?
Yesterday my temperature was 97.9 F (33.6 C), today it's 99.7 F (37.6). Does it mean my temperature will be 300 F (150 C) a hundred days from now?  Smiley
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