Does calling 500 halfway down page 499 count?
And is this the longest thread on bct ?
Topic: NXT :: descendant of Bitcoin - Updated Information - page 2077. (Read 2761645 times)
I'm propose. Who will write on 500 page will receive 500 nxt 
I'm glad to post here too. See you on page 100500..
I am on page 500 of the NXT thread (if they dont delete some)
hello page 500.
;]
;]
If you've had an alias nabbed: it's always possible for a bot to listen to the network for new alias request messages, and quickly submit a new one for the same alias and +1 fee, on the basis that if it's requested by one person it might be valuable one day, and so worth a (probably 2nxt) punt. Doubt anyone would bother now though.
Transparent Mining solves this problem. Transactions will be encrypted and only miners of next blocks will be able to decrypt them.
(No mining in Nxt!
)
I got yer 500. Right here.\
Dang!
Dang!
in b4 500
I'd like to get ur opinions what features should be implemented in the 1st place.
I'm voting for TM/F, I wanna forge MOAR in long term I'm little surprised why "Transparent Forging" wasn't built-in. Code wasn't ready?
Transparent Mining is an advanced feature and won't be included into released source code. It's the most powerful feature of Nxt atm.
A compromise could be to logarithmically weight the votes based on NXT balance. So a larger NXT balance has more of a say but not linearly more.
A bit of a hassle, but couldn't a large stakeholder sidestep that (or any other method that isn't just a count of the votes) by distributing his/her coins amongst multiple accounts?
Yes. NXT is a proof of stake currency and holders of more NXT should certainly have more of a say in how it's to change if it should. The largest stakeholders have the most to risk after all and so, it's just plain rational that the market would seek the greatest amount of input from those market actors if the currency is to be democratized in this way.
Arguments that amount to "it's unfair" are emotional arguments, not economic ones...generally. The arguments that are economic that favour weighted influence to favour smaller stakeholders are simply wishful thinking when you boil them down.
I agree actually. Stupid people won't though.
We could always vote about how to handle the voting mechanism
But seriously, I'm fine with votes having more weight linearly in accordance with account balance 
500?
Nope!
Nope!
Are we on page 500 yet?
**oops...just a little premature...***
**oops...just a little premature...***
Perhaps weight votes in accordance with how much NXT is in the account.
this approach could bring us in another ethical problem ;-)
(I got your point to make it expensive to gain the vote-power via multiple accounts)
LOL. The NXT transaction fee distribution algorithm already weights participation in accordance with how much NXT is in the account of an individual, not the sheer number of nodes being contributed by computers operated by that individual - which is far more important to the health of the NXT network. And you talk about ethical problems applying the exact same arrangement to member voting?
Just a wry observation, I see the merit (and pitfalls) of both approaches...
Voting System is based on number of coins, more coins = more voices. This is applied to global voting. Local voting (among asset shareholders) takes into account number of shares.
U can issue a "fake" asset and give exactly 1 share to 1 person who proves their identity by providing scanned copy of a passport (similar to KYC). Then u can do voting among "verified" accounts on whatever u want.
thx!
Yes this is ok for you and me who are tech heads but what about mainstream..... mum, dad, gran aren't going to do this.
Erm, it's not thát difficult to make a long and safe password and store it safely.
Also, just like mum, dad and gran now ask their kids (or someone else they trust) to set up their equipment, if they want to get into NXT safely, they will have to ask for help.
There is always risk involved, but there are simple ways of getting better safety. However, if they cannot, then for now, NXT and other currency online is not for them.
You'd be surprised how difficult it is, I've taught IT at university and secondary levels for over 10 years and daily I'm doing face plants.
I know, I have a mum who lifted her mouse to make the arrow go "up", too
But that's exactly what I mean: for the time being, they either get help or they don't get in. I'm sure with time tools will be developed. That's the good thing about a collaborative venture
Edit: just saw your last post. I want to make clear by nó means I want to exclude anyone! I am just saying that for now, for the mainstream that you were referring to, this is way over their head. In time, there should of course be tools to make the whole thing accessible for everyone. Otherwise this whole effort is basically a futile thing.
Could I propose another simple but powerful feature? I already posted it in the dedicated NXT Features ¦ VOTE thread:
Quote
I would like to offer up another potentially simple to implement but extremely powerful feature:
16 Beneficiary Address : This feature allows you to define the account number/address to which your earned fees are sent. This would allow for a number of potential applications...
(i) Decentralized Forge Bank (every member of the bank performs their own forging, the transaction fees get sent to a central authority that divides the spoils which then redistributes them accordingly/proportionally)
(ii) Running your own Savings account 24/7 which sends the transaction fees to your checking account.
(iii) Donating all your transaction fees to a charity, bounty etc.
16 Beneficiary Address : This feature allows you to define the account number/address to which your earned fees are sent. This would allow for a number of potential applications...
(i) Decentralized Forge Bank (every member of the bank performs their own forging, the transaction fees get sent to a central authority that divides the spoils which then redistributes them accordingly/proportionally)
(ii) Running your own Savings account 24/7 which sends the transaction fees to your checking account.
(iii) Donating all your transaction fees to a charity, bounty etc.
This seems like a good idea. This could solve the problem of trusted forging. Not sure how possible it would be to implement though, because whoever is running the pool needs a way to figure out how much each person is contributing. Since you aren't constantly sending hashes to the pool, how would they know you are actually contributing instead of saying "I'm just unlucky, I never get blocks but let's share profits!"? ... I suppose the devs could create an API request so the pool owner can constantly ping to see if an account is actively forging as well as checking if it's transaction fees are pointed at the pool.
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