Topic: NXT :: descendant of Bitcoin - Updated Information - page 1990. (Read 2761645 times)

What more do you want to hear ? most think you are just saying nonsensical. You do not yet understand what NXT is.

@ the owner of account 4071545868996394636

U r forging 2 branches at once. After TF is activated this will lower ur forging power to zero. Rethink ur forging strategy plz.

 

Nxtcafe

"Fair" again. OK, I'm concerned, I'm strongly disagree with Global Voting in first place. Let's hear what others think. I can't get how that idea supported by creator of Nxt too (who went away from forum with second post with may be rational awareness).

1 NXT nothing to do with 1 person in my eyes. Money's just a tool, not a criteria of specialism.

I just realized I'd have to transfer all my Nxt from Dgex to my account every time I'd like to vote. And a bunch of people hold all their money there or will hold on another exchanges.

I was just going to ask, since it's Java it should be compatible with coffeemakers too, right?

I'm using 0.4.8 client
when I send money, it complains:"wrong secret phrase"
but there's no place to input secret phrase!

@CfB, @Jean-Luc

A progress report to you:

My public VPS node, latop computer and PI now work fine with 0.4.8 client, and now all @29257

Especially the PI works great than before.

Thanks you guys.

I disagree. Stakeholders ought to decide.

Nxt the currency Unit is an Asset....but other Assets will also be traded on the Nxt Asset Exchange.

 

No you are wrong. Payment system is just one feature. Alias system, asset exchange would eventually have more impact than payment system. NXT is a network or a complete system.

We are not deciding laws of what people can and cannot do in their lives, we are deciding the direction of NXT through the VS.

The risk of 51% of stakeholders deciding, for example, to randomly destroy someone's account without a valid reason will have dire consequences, such as investors losing confidence in the system, thus causing a massive sell-off. Thus, it would not be in the 51%'s interest to just randomly destroy accounts. However, if there is a valid reason, such as a very large stakeholder intentionally distributing false blocks to attack the network (which can be proven, apparently), then the rest of the network can defend against this by perhaps voting to include that peer in the default blacklist (or just reduce his traffic), or even more drastically to freeze his funds.

My point is that the >51% stakeholders will never, ever (unless it's 1 or a few persons with enormous accounts conspiring. This is a concern if it does happen, but right now NXT is not even close to that, top holder is 5%) decide to do something that would cause the value of NXT to go down, thus hurting themselves. There may be other issues, if there are, I would like to hear them - after all that is why were are discussing this in the first place.

So now that's out of the way, there can be many positives of this system. First, deciding which features should be prioritized, funded and released. Secondly, to increase the number of sub-divisible units, for example, to cents. Etc. the list goes on. Without some kind of global agreement, then it would be hard to claim the system is truly decentralized. Like others have mentioned before, perhaps we could have different categories/levels of voting, because it is unrealistic to expect everyone to care enough to vote:

Related to accounts: Require >51%, period.
Related to features: Require a majority vote.

So in a way, it this can be translated to a democracy. Imagine 1 NXT = 1 Person. 1 Person = 1 Vote. Completely fair.

I'd prefer 1 Nxt = 1 vote, with a built-in safety for hostile takeovers.

Why NXT is asset? It's bigger than that. It's decentralized payment system with written down scheme of sharing profit (fees). Am I right? PoS+TF push potential maleficent center away to 90%+ of all coins to attack. And Global Voting simply get it back to cheaper area. What I am missing?
   

[quote author=chanc3r link=topic=345619.msg4237880#msg4237880

for NXT - all holders of the NXT asset should have a right to vote/influence on decisions that affect the whole of the NXT asset
for an asset held within the exchange - then the scope should be restricted to holders of that asset rather than all holders of the NXT asset.
[/quote]

Edit:

The voting system will allow you to vote along Asset ownership lines...thats why its soooooo cool.

Yes, someone already registered skynxt alias, or something like that

It's up to devs IMO. What new code can they suggest. And nodes'll decide install updates or not. Why built-in? If 51%+'ll decide that they wanna make a world better place (in thie view) every dev immidiately should start working on this?!

I guess it's just easier.
Mine updated fast once I inserted peers.

Isn't this just about scope..

for NXT - all holders of the NXT asset should have a right to vote/influence on decisions that affect the whole of the NXT asset
for an asset held within the exchange - then the scope should be restricted to holders of that asset rather than all holders of the NXT asset.

U can, I don't mind. Just make sure that we won't do it simultaneously...