NXT :: descendant of Bitcoin - Updated Information - page 1640.

opticalcarrier

full member

Activity: 238

Merit: 100

Quote from: jl777 on January 15, 2014, 10:54:37 AM

I believe 32K, which can hold 255 transactions, much fewer AM. Cost of AM at 1 NXT seems to be a bargain considering the space in the blockchain it uses.

If we say each block is worth 255NXT for 255 transactions or around 30NXT for AM, that makes AM almost 10 times cheaper. I strongly suggest AM cost of 0.01 is a disaster. It is long term storage in blockchain, distrubuted, redundant, etc.

James

Offloading off this thread, I believe Ive good a pretty good scheme over here:
https://forums.nxtcrypto.org/viewtopic.php?style=1&f=17&t=587#p2631

(get rid of that "style=1&" in there if you want to use the default nxtcrypto forum theme. I dont like the default as in I get more real estate efficiency by preempting the theme type in there.)

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: msin on January 15, 2014, 11:22:01 AM

Quote from: PeercoinEnthusiast on January 15, 2014, 11:06:48 AM

Quote from: gbeirn on January 15, 2014, 09:29:56 AM

Quote from: l8orre on January 15, 2014, 06:16:40 AM

going to a size-of-wallet voting scheme is plain MEDIEVAL - sure this has been brought up here before, but how about this:

Thanks everyone for the great ideas and discussion about voting, it's what I was hoping for

I agree with the above statement and that's why I proposed what I did. My concept of voting is only based on the American democratic process. So that's why I proposed how I did.

I am curious that no one commented about the account restrictions based on blockchain height I mentioned: If a vote was proposed and went public on block height of 45,000 an account would have to have existed for 'X' number of blocks before the block containing the vote (i.e, you have to be 18yrs old to vote in the U.S.), we could take it a bit further and say that that account would also have to NXT in it for a certain amount of blocks before the vote as well (like the 1440 blocks before you can forge). This could surely cut down on the amount of gaming no?

This makes a lot of sense on so many levels. Not only would it prevent gaming the system from large holders, but it prevents people from buying large sums of NXT (for a short period) to try to manipulate the vote. The more I think about this approach, the more it grows on me.

This is a great idea. A forging account with public key will be able to get one vote. Or as mentioned above, only an account that existed at a particular block height would get to vote on the particular topic. That way you could go back in time and put up a vote for a smaller group of founders, etc...

+1 I like the idea. But if you go back to the first block, there aren't anyone else to vote except BCNext or anyone else ?

jl777

legendary

Activity: 1176

Merit: 1134

Just found out about http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

Seems Russia following in China's footsteps. war on bitcoin continues

James

notsoshifty

sr. member

Activity: 378

Merit: 250

Quote from: jl777 on January 15, 2014, 10:54:37 AM

I believe 32K, which can hold 255 transactions, much fewer AM. Cost of AM at 1 NXT seems to be a bargain considering the space in the blockchain it uses.

If we say each block is worth 255NXT for 255 transactions or around 30NXT for AM, that makes AM almost 10 times cheaper. I strongly suggest AM cost of 0.01 is a disaster. It is long term storage in blockchain, distrubuted, redundant, etc.

James

I'm coming around to this thinking too: distributed redundant long term storage shouldn't be cheap.

How about a fee proportional to both:
- size (bytes)
- TTL (days)?

If we then had an efficient way to prune the blockchain, then the price of the transaction would at least be related to the cost to the network of storing the message.

Regarding size, once the network becomes busy this should resolve itself: forging nodes would include/exclude transactions on a fee-per-byte basis. But it has no incentive to take TTL into account.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: PeercoinEnthusiast on January 15, 2014, 11:06:48 AM

Quote from: gbeirn on January 15, 2014, 09:29:56 AM

Quote from: l8orre on January 15, 2014, 06:16:40 AM

going to a size-of-wallet voting scheme is plain MEDIEVAL - sure this has been brought up here before, but how about this:

Thanks everyone for the great ideas and discussion about voting, it's what I was hoping for

I agree with the above statement and that's why I proposed what I did. My concept of voting is only based on the American democratic process. So that's why I proposed how I did.

I am curious that no one commented about the account restrictions based on blockchain height I mentioned: If a vote was proposed and went public on block height of 45,000 an account would have to have existed for 'X' number of blocks before the block containing the vote (i.e, you have to be 18yrs old to vote in the U.S.), we could take it a bit further and say that that account would also have to NXT in it for a certain amount of blocks before the vote as well (like the 1440 blocks before you can forge). This could surely cut down on the amount of gaming no?

This makes a lot of sense on so many levels. Not only would it prevent gaming the system from large holders, but it prevents people from buying large sums of NXT (for a short period) to try to manipulate the vote. The more I think about this approach, the more it grows on me.

This is a great idea. A forging account with public key will be able to get one vote. Or as mentioned above, only an account that existed at a particular block height would get to vote on the particular topic. That way you could go back in time and put up a vote for a smaller group of founders, etc...

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: PeercoinEnthusiast on January 15, 2014, 11:06:48 AM

Quote from: gbeirn on January 15, 2014, 09:29:56 AM

Quote from: l8orre on January 15, 2014, 06:16:40 AM

going to a size-of-wallet voting scheme is plain MEDIEVAL - sure this has been brought up here before, but how about this:

Thanks everyone for the great ideas and discussion about voting, it's what I was hoping for

I agree with the above statement and that's why I proposed what I did. My concept of voting is only based on the American democratic process. So that's why I proposed how I did.

I am curious that no one commented about the account restrictions based on blockchain height I mentioned: If a vote was proposed and went public on block height of 45,000 an account would have to have existed for 'X' number of blocks before the block containing the vote (i.e, you have to be 18yrs old to vote in the U.S.), we could take it a bit further and say that that account would also have to NXT in it for a certain amount of blocks before the vote as well (like the 1440 blocks before you can forge). This could surely cut down on the amount of gaming no?

This makes a lot of sense on so many levels. Not only would it prevent gaming the system from large holders, but it prevents people from buying large sums of NXT (for a short period) to try to manipulate the vote. The more I think about this approach, the more it grows on me.

I like the idea. What's the catch?!

wesleyh

sr. member

Activity: 308

Merit: 250

Quote from: jl777 on January 15, 2014, 11:06:57 AM

Quote from: pinarello on January 15, 2014, 11:04:03 AM

Quote from: pinarello on January 15, 2014, 03:37:13 AM

Quote from: superresistant on January 15, 2014, 03:32:52 AM

Quote from: pinarello on January 15, 2014, 03:29:58 AM

Quote from: superresistant on January 15, 2014, 03:14:52 AM

Quote from: salsacz on January 15, 2014, 02:59:57 AM

bit777 asks about Nxt Daemon https://bitcointalk.org/index.php?topic=183798.new#new

Ah thank you ! I was asking for help from devs but no one is moving.
If bit777 add Nxt this will be the biggest promotion ever.

With what exactly can we help? what do you need?
Pin

Just helping him understand how the client work and how to implement it to his casino (considering the high traffic/transactions).
The Nxt client is very different from BitcoinQt.

This is a main problem we see also appear with exchange, people dont know how to implement it in they environment. Can we have somebody other than core DEVs JL and CfB to help people with this?

who is willing to do this?

Pin

repost:

This is a main problem we see also appear with exchange, people don’t know how to implement it in they environment.

Can we have somebody other than core DEVs JL and CfB to help people with this?

Do we have someone other than core devs that could explain how NXT works and help them setup business; this is also in the interest of NXT

wesleyh?

Well certainly they're free to read the code at http://nxtra.org/api - it should be pretty self-explanatory. Setting up nxt isn't much harder than setting up a BTC clone. The problem is making sure it runs consistently and is not stuck or something like that. While vircurex and bit777 are not programmed in PHP, the concepts are the same.

rigel

legendary

Activity: 1240

Merit: 1001

Thank God I'm an atheist

Quote from: pinarello on January 15, 2014, 11:04:03 AM

Quote from: pinarello on January 15, 2014, 03:37:13 AM

Quote from: superresistant on January 15, 2014, 03:32:52 AM

Quote from: pinarello on January 15, 2014, 03:29:58 AM

Quote from: superresistant on January 15, 2014, 03:14:52 AM

Quote from: salsacz on January 15, 2014, 02:59:57 AM

bit777 asks about Nxt Daemon https://bitcointalk.org/index.php?topic=183798.new#new

Ah thank you ! I was asking for help from devs but no one is moving.
If bit777 add Nxt this will be the biggest promotion ever.

With what exactly can we help? what do you need?
Pin

Just helping him understand how the client work and how to implement it to his casino (considering the high traffic/transactions).
The Nxt client is very different from BitcoinQt.

This is a main problem we see also appear with exchange, people dont know how to implement it in they environment. Can we have somebody other than core DEVs JL and CfB to help people with this?

who is willing to do this?

Pin

repost:

This is a main problem we see also appear with exchange, people don’t know how to implement it in they environment.

Can we have somebody other than core DEVs JL and CfB to help people with this?

Do we have someone other than core devs that could explain how NXT works and help them setup business; this is also in the interest of NXT

Perhaps I can help: I'm a Linux system administrator and a PHP programmer.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: pinarello on January 15, 2014, 11:04:03 AM

Quote from: pinarello on January 15, 2014, 03:37:13 AM

Quote from: superresistant on January 15, 2014, 03:32:52 AM

Quote from: pinarello on January 15, 2014, 03:29:58 AM

Quote from: superresistant on January 15, 2014, 03:14:52 AM

Quote from: salsacz on January 15, 2014, 02:59:57 AM

bit777 asks about Nxt Daemon https://bitcointalk.org/index.php?topic=183798.new#new

Ah thank you ! I was asking for help from devs but no one is moving.
If bit777 add Nxt this will be the biggest promotion ever.

With what exactly can we help? what do you need?
Pin

Just helping him understand how the client work and how to implement it to his casino (considering the high traffic/transactions).
The Nxt client is very different from BitcoinQt.

This is a main problem we see also appear with exchange, people dont know how to implement it in they environment. Can we have somebody other than core DEVs JL and CfB to help people with this?

who is willing to do this?

Pin

repost:

This is a main problem we see also appear with exchange, people don’t know how to implement it in they environment.

Can we have somebody other than core DEVs JL and CfB to help people with this?

Do we have someone other than core devs that could explain how NXT works and help them setup business; this is also in the interest of NXT

wesleyh?

PeercoinEnthusiast

full member

Activity: 126

Merit: 100

JustabitofTime - Co-Founder of CoinTropolis

Quote from: gbeirn on January 15, 2014, 09:29:56 AM

Quote from: l8orre on January 15, 2014, 06:16:40 AM

going to a size-of-wallet voting scheme is plain MEDIEVAL - sure this has been brought up here before, but how about this:

Thanks everyone for the great ideas and discussion about voting, it's what I was hoping for

I agree with the above statement and that's why I proposed what I did. My concept of voting is only based on the American democratic process. So that's why I proposed how I did.

I am curious that no one commented about the account restrictions based on blockchain height I mentioned: If a vote was proposed and went public on block height of 45,000 an account would have to have existed for 'X' number of blocks before the block containing the vote (i.e, you have to be 18yrs old to vote in the U.S.), we could take it a bit further and say that that account would also have to NXT in it for a certain amount of blocks before the vote as well (like the 1440 blocks before you can forge). This could surely cut down on the amount of gaming no?

This makes a lot of sense on so many levels. Not only would it prevent gaming the system from large holders, but it prevents people from buying large sums of NXT (for a short period) to try to manipulate the vote. The more I think about this approach, the more it grows on me.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: jl777 on January 15, 2014, 11:03:04 AM

Quote from: Come-from-Beyond on January 15, 2014, 10:56:41 AM

Quote from: jl777 on January 15, 2014, 10:50:22 AM

Quote from: punkrock on January 15, 2014, 10:18:08 AM

Project Kharon @ Nextcoin.org

CfB,

I have a lot of experience with SVM predictors. Basically given training data and answer, it can produce pretty accurate predictions. Overfitting can be controlled by special constant, so the smallest factor that gives acceptable prediction result is usually a good compromise.

Unlike NN that take forever to train when there are a lot of inputs, the SVM can handle almost arbitrarily large feature set. Millions of features can be used. Prediction is a simple dotproduct of feature vector with linear model.

I think here is finally a technical part of NXT I can really contribute to! Just need to develop a set of features and zombie/not-zombie categorization for each set of features.

James

Great. Post in that thread, plz.

Can't. Login didn't work. Asked to reset password, still waiting on email. Any chance of having thread on nxtcrypto?

James

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: pinarello on January 15, 2014, 03:37:13 AM

Quote from: superresistant on January 15, 2014, 03:32:52 AM

Quote from: pinarello on January 15, 2014, 03:29:58 AM

Quote from: superresistant on January 15, 2014, 03:14:52 AM

Quote from: salsacz on January 15, 2014, 02:59:57 AM

bit777 asks about Nxt Daemon https://bitcointalk.org/index.php?topic=183798.new#new

Ah thank you ! I was asking for help from devs but no one is moving.
If bit777 add Nxt this will be the biggest promotion ever.

With what exactly can we help? what do you need?
Pin

Just helping him understand how the client work and how to implement it to his casino (considering the high traffic/transactions).
The Nxt client is very different from BitcoinQt.

This is a main problem we see also appear with exchange, people dont know how to implement it in they environment. Can we have somebody other than core DEVs JL and CfB to help people with this?

who is willing to do this?

Pin

repost:

This is a main problem we see also appear with exchange, people don’t know how to implement it in they environment.

Can we have somebody other than core DEVs JL and CfB to help people with this?

Do we have someone other than core devs that could explain how NXT works and help them setup business; this is also in the interest of NXT

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: Come-from-Beyond on January 15, 2014, 10:56:41 AM

Quote from: jl777 on January 15, 2014, 10:50:22 AM

Quote from: punkrock on January 15, 2014, 10:18:08 AM

Project Kharon @ Nextcoin.org

CfB,

I have a lot of experience with SVM predictors. Basically given training data and answer, it can produce pretty accurate predictions. Overfitting can be controlled by special constant, so the smallest factor that gives acceptable prediction result is usually a good compromise.

Unlike NN that take forever to train when there are a lot of inputs, the SVM can handle almost arbitrarily large feature set. Millions of features can be used. Prediction is a simple dotproduct of feature vector with linear model.

I think here is finally a technical part of NXT I can really contribute to! Just need to develop a set of features and zombie/not-zombie categorization for each set of features.

James

Great. Post in that thread, plz.

Can't. Login didn't work. Asked to reset password, still waiting on email. Any chance of having thread on nxtcrypto?

James

msin

legendary

Activity: 1470

Merit: 1004

Quote from: Come-from-Beyond on January 15, 2014, 09:52:22 AM

Quote from: instacalm on January 15, 2014, 09:47:45 AM

What are your plans?

Project "Kharon".

I get the feeling Project Kharon is a CFB & BCNext collaboration.

Coinonaer

full member

Activity: 168

Merit: 100

Quote from: pinarello on January 15, 2014, 10:40:39 AM

CfB

did BCNext already paid out for the websites? fact is we forgot three.

I can not catogorize them as social media and will create another category (web2)

Pin

So Pin, will there be a second round just for websites? What is a Blog in your view, social Media or a website?

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: Come-from-Beyond on January 15, 2014, 10:53:56 AM

Quote from: lucky88888 on January 15, 2014, 09:43:06 AM

Quote from: Come-from-Beyond on January 15, 2014, 09:35:37 AM

Someone asked me about Cryptsy. They did contact me a hour ago. I already sent all info they asked for.

Good news is good!

Oops, sorry. I've just checked. That was Vircurex, not Cryptsy.

Would wesleyh's glue code be of use to them?

James

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: jl777 on January 15, 2014, 10:50:22 AM

Quote from: punkrock on January 15, 2014, 10:18:08 AM

Project Kharon @ Nextcoin.org

CfB,

I have a lot of experience with SVM predictors. Basically given training data and answer, it can produce pretty accurate predictions. Overfitting can be controlled by special constant, so the smallest factor that gives acceptable prediction result is usually a good compromise.

Unlike NN that take forever to train when there are a lot of inputs, the SVM can handle almost arbitrarily large feature set. Millions of features can be used. Prediction is a simple dotproduct of feature vector with linear model.

I think here is finally a technical part of NXT I can really contribute to! Just need to develop a set of features and zombie/not-zombie categorization for each set of features.

James

Great. Post in that thread, plz.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: pinarello on January 15, 2014, 10:40:39 AM

CfB

did BCNext already paid out for the websites? fact is we forgot three.

I can not catogorize them as social media and will create another category (web2)

Pin

Only to Nxtgirls (10K) AFAIK.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: opticalcarrier on January 15, 2014, 10:41:06 AM

Some thoughts on fees.

I had earlier posted some thoughts on making fees different depending on the size of the amount transferred, but now have different thoughs, since we also have to include aliases and AM and other transaction types.

Im putting some items together, but can someone please break down the blockchain and blocks vs transactions for me?

Is my assumption correct that every block is always the same size? Or perhaps the size can vary but zeros are prepended to make all blocks the same size?

Im thinking size may vary since you can have losts of transactions per block. but where can I go to get this info?

Edit: OK I see that size of a block can vary....

OK what are the max number of transactions per block? Is this fixed or are there ideas for changing it in the future? Whats the max size of a transaction?

I believe 32K, which can hold 255 transactions, much fewer AM. Cost of AM at 1 NXT seems to be a bargain considering the space in the blockchain it uses.

If we say each block is worth 255NXT for 255 transactions or around 30NXT for AM, that makes AM almost 10 times cheaper. I strongly suggest AM cost of 0.01 is a disaster. It is long term storage in blockchain, distrubuted, redundant, etc.

James

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: lucky88888 on January 15, 2014, 09:43:06 AM

Quote from: Come-from-Beyond on January 15, 2014, 09:35:37 AM

Someone asked me about Cryptsy. They did contact me a hour ago. I already sent all info they asked for.

Good news is good!

Oops, sorry. I've just checked. That was Vircurex, not Cryptsy.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1640. (Read 2761645 times)