Topic: NXT :: descendant of Bitcoin - Updated Information - page 2006. (Read 2761645 times)
When I am trying to send my NXT, after I click "send" it simply hangs there and does nothing. Anyone experience this? Nevermind, can't relog in either, something must be frozen.
It's deterministic, no chance involved from that moment on. Transparent forging will use that information i guess.
If it'd work that way, low stakes'd never get possibilty to generate a block if there's big stake online; and inside-attack'd become cheaper too — all you've to do is run biggest amount of NXT in moment of attack.So there's hashing to hit your own Base Target with low freq. — game of chances, I suppose. And if I understand TF correct, your "set to be fast" tx'll go exactly to this node that'll have closest to 100% chance of forging in nearest future calculated by analysing all forgers at moment of sending tx. Ofc, there'll be some risk node'll ruin (or whole system will) in nearest future, or another forger win a block earlier, but average time of that kind of txs will be almost "0 + nearest future".
If there's only one question we really don't need big dangerous feature for this, I suppose. Just some scheme to vote one time proportional to coins. Txs to one address + script to calculate result or something else. Do I miss something?
Anyway only part of coins'll vote in reasonable time.
Anyway only part of coins'll vote in reasonable time.
now how many of that top are initial donators?
and add country to
Pin
I am! From US. Took a couple of days off and have tons of reading to catch up on
Ah, we need VS to vote on how to spend funds collected during IPO on Asset Exchange. Global voting is just a side-effect.
?! How to spend: you're welcome. Why add "which one of you we'll freeze next"? More info requested. I have no problem at all with temporary penalty for forging set by algo, and with fees to system to live. But there math ends. Really, anyone here wanna see potential of built-in penalties of any kind created by mind/center?
And why VS still exist and get mentioned? Who insist is stays? And why?!
Ah, we need VS to vote on how to spend funds collected during IPO on Asset Exchange. Global voting is just a side-effect.
So when it claims I can generate the next block in 55 days, does that imply that's how long my coins need to sit to be Stake? What's my benefit to forge in the meantime? None?
Now ROI% of forging lies near 0. If activity'll grow, situation can change. At any moment u've chance to hit the target. "55 days" — estimated time. May be u'll never generate a block, may be u'll generate next 10k blocks in a row.In the moment that a new block is forged, the timer for all clients (who have received the new block) is updated with a new value. From that moment on it is determined who will forge the next block (the client with the lowest value displayed, unless he/she locks his/her account). It's deterministic, no chance involved from that moment on. Transparent forging will use that information i guess.
Why we need another blade to be built-in?
I think we don't. I'm just playing devil's advocate.
Why we need another blade to be built-in?
I think we don't. I'm just playing devil's advocate.
Unlimited possibilities is a double-edged blade, we can hurt ourselves.
Cryptos appeared ang continue to grow to make double-edged blade of authority go away. Why we need another blade to be built-in? Nxt gives unlimited possibilities.
Mind gives unlimited possibilities. And when I use any tool (my hands, my brain or Nxt) I wanna know what I'd expect from it. Is there benefits of VS against threat to decentralization? Or most of imaginable decisions gonna push us to some future center? Anyone?
So when it claims I can generate the next block in 55 days, does that imply that's how long my coins need to sit to be Stake? What's my benefit to forge in the meantime? None?
Now ROI% of forging lies near 0. If activity'll grow, situation can change. At any moment u'мy chance to hit the target. "55 days" — estimated time. May be u'll never generate a block, may be u'll generate next 10k blocks in a row.Thanks to both of you.
So when it claims I can generate the next block in 55 days, does that imply that's how long my coins need to sit to be Stake? What's my benefit to forge in the meantime? None?
Now ROI% of forging lies near 0. If activity'll grow, situation can change. At any moment u've chance to hit the target. "55 days" — estimated time. May be u'll never generate a block, may be u'll generate next 10k blocks in a row. So when it claims I can generate the next block in 55 days, does that imply that's how long my coins need to sit to be Stake? What's my benefit to forge in the meantime? None?
No. It shows ur current hit. After next block this will be changed. And then again and again, until u hit very close to 1 minute and then forge a block.
But still: why idea appeared? How many benefits it have to cloud THREAT TO DECENTRALIZATION?
Nxt gives unlimited possibilities. I mentioned destruction of coins to catch attention of the community*. Unlimited possibilities is a double-edged blade, we can hurt ourselves.
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* - actually this is the 2nd time, the 1st time was ignored.
So when it claims I can generate the next block in 55 days, does that imply that's how long my coins need to sit to be Stake? What's my benefit to forge in the meantime? None?
We'll write history...
We'll make history. The winner will write it.
"We need potential system of control"
"We don't need potential system of control"
will be historic.
But still: why idea appeared? How many benefits it have to cloud THREAT TO DECENTRALIZATION? I suppose VS came from creator of Nxt, right? How does it connect?
We'll write history...
We'll make history. The winner will write it.
Nothing interesting on that thread. I already explained why all coins were created at once - https://bitcointalksearch.org/topic/m.4206645
Why implement that kind power in first place?! I don't get it. As I see, it's really dangerous. What about "+"s? Not so much. We can create a poll in forum.
I like it. Let's use Voting System (just voting) to ask if we need this. And implement the rest only if we get 51%.
Should we turn this potential system of control off forever?
Only after that feature will be or gone, or fully opened.
I Love it!
Anyway I still don't get why idea appeared in first place. It's real threat to decentralization. Genius manipulator'll create center for sure with such tool with time.
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