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Topic: NXT :: descendant of Bitcoin - Updated Information - page 1642. (Read 2761645 times)

sr. member
Activity: 602
Merit: 268
Internet of Value
...before quiting the project in April.

Hey... if people are freaking out today... I don't even want to think about what will happen when you quit!?!?!   Undecided

Don't worry. U have Jean-Luc and Klee's team.

ImmortalAlex, ricot, jaguar could join the core team at some points. Al least I hope so.
full member
Activity: 238
Merit: 100

@allwelder  Are you the owner of nxts.org and http://blog.sina.com.cn/nextcoin ?  I was just told that the above website reposted my Chinese translation of Anon136's essay (https://bitcointalksearch.org/topic/m.4505311) in your website. Could you please repost as its own full form and please don't replace the author's donation address with your own. Thanks.



hero member
Activity: 798
Merit: 500
... before quiting the project in April.

What are your plans?

By the way (I am probably not up to date)
-- what happened to the community questions and BCNext's answers? Are they available?
legendary
Activity: 1176
Merit: 1134
It seems "Arbitrary Messages" has gotten a lot of people thinking that its purpose is for messaging. Wouldn't the name "Arbitrary Storage" be more appropriate for what it does?

Arbitrary Storage would be confused with Alias System if u used abbreviations.
Arbitrary Data
legendary
Activity: 2142
Merit: 1010
Newbie
...before quiting the project in April.

Hey... if people are freaking out today... I don't even want to think about what will happen when you quit!?!?!   Undecided

Don't worry. U have Jean-Luc and Klee's team.
legendary
Activity: 2142
Merit: 1010
Newbie

http://blog.ethereum.org/?p=39/slasher-a-punitive-proof-of-stake-algorithm

"Slasher: A Punitive Proof-of-Stake Algorithm" seems to be very similar to Nxt TF, right?

TF is really what makes Nxt the 2nd generation cryptocurrency!


Cfb can you take a look at this. His solution sounds similar to what we are doing.

Ok.
sr. member
Activity: 404
Merit: 250
https://nxtforum.org/
Someone asked me about Cryptsy. They did contact me a hour ago. I already sent all info they asked for.

Good news is good!  Smiley
sr. member
Activity: 602
Merit: 268
Internet of Value

http://blog.ethereum.org/?p=39/slasher-a-punitive-proof-of-stake-algorithm

"Slasher: A Punitive Proof-of-Stake Algorithm" seems to be very similar to Nxt TF, right?

TF is really what makes Nxt the 2nd generation cryptocurrency!


Cfb can you take a look at this. His solution sounds similar to what we are doing.
legendary
Activity: 2142
Merit: 1010
Newbie
In the future, the whole blockchain is only saved by service providers, that's already what CfB mentioned. So it is not absolutely necessary to implement this for AM again. Sure, we could implement some kind of TTL for AM in the range of days or weeks, i suppose?! Smart people, please discuss Grin

edit: too slow. already mentioned.

I hope I'll implement Parallel Blockchains before quiting the project in April.
full member
Activity: 121
Merit: 100
Who will deposit in dgex, if the withdrawal is 1.4%? Everyone profitable?
legendary
Activity: 2142
Merit: 1010
Newbie
Someone asked me about Cryptsy. They did contact me a hour ago. I already sent all info they asked for.
full member
Activity: 238
Merit: 100

http://blog.ethereum.org/?p=39/slasher-a-punitive-proof-of-stake-algorithm

"Slasher: A Punitive Proof-of-Stake Algorithm" seems to be very similar to Nxt TF, right?

TF is really what makes Nxt the 2nd generation cryptocurrency!
hero member
Activity: 910
Merit: 1000
In the future, the whole blockchain is only saved by service providers, that's already what CfB mentioned. So it is not absolutely necessary to implement this for AM again. Sure, we could implement some kind of TTL for AM in the range of days or weeks, i suppose?! Smart people, please discuss Grin

edit: too slow. already mentioned.
hero member
Activity: 798
Merit: 500
Free lunch. The more features, the bigger blockchain. There are tricks to reduce that but the common sense is that if you want to put in a lot of furnitures, your house will necessarily be bigger.
now you heard it, don't complain later that no one told you.

Given the ever-raising blockchain size in the future, light (and mobile) NXT clients should / will be instant on in an Electrum-style manner, meaning that the clients do not download the blockchain but use a remote server to fetch required data. The blockchain will thus be verified by and stored in the decentralized network of tens/hundreds of thousands of NXT nodes.

Anyhow, the blockchain is indeed an issue of BTC, its copies as well as of NXT that results from their decentralized nature. As you may or may not know, the issue is actually described in the original BTC white paper under #7 Reclaiming Disk Space. "Once the latest transaction in a coin is buried under enough blocks, the spent transactions before it can be discarded to save disk space. To facilitate this without breaking the block's hash, transactions are hashed in a Merkle Tree, with only the root included in the block's hash. Old blocks can then be compacted by stubbing off branches of the tree. The interior hashes do not need to be stored." -- keeping the entire blockchain on each and every client is not necessary for Bitcoin/NXT to work.
legendary
Activity: 2142
Merit: 1010
Newbie
CfB
Can you confirm that all Arbitrary Messages (Storage) in the blockchain are encrypted

They r plaintext if the sender doesn't encrypt them.
legendary
Activity: 2142
Merit: 1010
Newbie
It seems "Arbitrary Messages" has gotten a lot of people thinking that its purpose is for messaging. Wouldn't the name "Arbitrary Storage" be more appropriate for what it does?

Arbitrary Storage would be confused with Alias System if u used abbreviations.
full member
Activity: 126
Merit: 100

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 Smiley

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?

hero member
Activity: 910
Merit: 1000
Lowering fee opens up NXT blockchain to spam attack. Cost of a few cents to store 1K of data for 1 year (or permanently?) seems to be a pretty low price already

With NXT
the message is encrypted in the client but your passphrase unlocks it
it is unreadable anywhere except on a client that has the keys
the network of NXT nodes holds it so you can always get to it unless NXT ceases to exist.
no one can search, copy steal your ideas or communication.

You could also use arbitrary messages to communicate to yourself (sorry store) those secrets that you want to remember.

+1
sr. member
Activity: 952
Merit: 253
It seems to me that any actual text/messaging service that needs long term storage would be best tackled by a service provider.  

The service provider could charge useage fees in NXT, and would have its own parallel blockchain for its data.

The concept as I see it is basically outlined here:
https://bitcointalksearch.org/topic/m.4257311

Just replace the idea of SMS provider with client messaging provider.
 

I like this too, the NXT block chain gets pruned to maintain performance but if you subscribe to one or more (for resilience) service providers your chain elements are stored in their copy and of course they still can't read them Smiley

If they are storing the whole block chain forever then they can also charge for non-subscribers who suddenly find they need to recover a transaction record or message.
legendary
Activity: 1181
Merit: 1002
Can you confirm that all Arbitrary Messages (Storage) in the blockchain are encrypted

no, as is demonstrated with the client (html file) from wesley.

but client software can easily implement using the algo described on https://nextcoin.org/index.php/topic,727.0.html

at least that's my guess  Wink
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