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Topic: NXT :: descendant of Bitcoin - Updated Information - page 22. (Read 2761606 times)

hero member
Activity: 572
Merit: 506
It is based around the 90% forger getting penalised if he doesn't forge a block in turn. This is detected by the remaining 10% and the 90% has forging power reduced to 0. The 10% then effectively go to 100% of forgers and the dance continues.
This implies that even if the adversry skips forging only 11.1% of his blocks, he penalised so much, that his mining power reduces at least 9 times.

Edit: My last sentence is wrong. Having 90% of the coins, the adversary does not need to skip forging even a single block. Just orphan all their blocks, that's it.
hero member
Activity: 616
Merit: 500
Imagine someone is going to do a "51%" attack against Nxt and he owns 90% of all coins. The adversary must stop generating blocks for legit branch coz he won't be able to compete against 100% mining power with his 90%.
The adversary only needs to compete against 100% - (his)90% = 10% mining power => the adversary does not need to stop generating blocks for the legit branch.
How this could be published on the official NXT website?




It is taken from the discussion on transparent forging here  >>>> https://bitcointalksearch.org/topic/transparent-mining-or-what-makes-nxt-a-2nd-generation-currency-364218


It is based around the 90% forger getting penalised if he doesn't forge a block in turn. This is detected by the remaining 10% and the 90% has forging power reduced to 0. The 10% then effectively go to 100% of forgers and the dance continues.


Come-from-beyond is the one to ask if your current train of thought has not already been covered in that thread  Grin


Or better still, post in the Transparent Forging technical subforum at https://nxtforum.org/transparent-forging-*/ for a pool of people to get eyes on it.

Can you explain in simple language what this penalty will cause? Who would get penalized and why? Etc.

Does this mean that NXT forgers with 50.000 NXT get more chance to forge for example?
hero member
Activity: 574
Merit: 500
Imagine someone is going to do a "51%" attack against Nxt and he owns 90% of all coins. The adversary must stop generating blocks for legit branch coz he won't be able to compete against 100% mining power with his 90%.
The adversary only needs to compete against 100% - (his)90% = 10% mining power => the adversary does not need to stop generating blocks for the legit branch.
How this could be published on the official NXT website?




It is taken from the discussion on transparent forging here  >>>> https://bitcointalksearch.org/topic/transparent-mining-or-what-makes-nxt-a-2nd-generation-currency-364218


It is based around the 90% forger getting penalised if he doesn't forge a block in turn. This is detected by the remaining 10% and the 90% has forging power reduced to 0. The 10% then effectively go to 100% of forgers and the dance continues.


Come-from-beyond is the one to ask if your current train of thought has not already been covered in that thread  Grin


Or better still, post in the Transparent Forging technical subforum at https://nxtforum.org/transparent-forging-*/ for a pool of people to get eyes on it.
legendary
Activity: 2212
Merit: 1199
Don't forget

www.nxtforum.org

Majority of development discussions are there.

Indeed this is good forum for NXT fans and holders Smiley

I hope all NXT enthusiast will register over there too!
hero member
Activity: 572
Merit: 506
Imagine someone is going to do a "51%" attack against Nxt and he owns 90% of all coins. The adversary must stop generating blocks for legit branch coz he won't be able to compete against 100% mining power with his 90%.
The adversary only needs to compete against 100% - (his)90% = 10% mining power => the adversary does not need to stop generating blocks for the legit branch.
How this could be published on the official NXT website?

hero member
Activity: 574
Merit: 500
Who are the tech/dev people on nextcoin.org?
hero member
Activity: 574
Merit: 500
Don't forget

www.nxtforum.org

Majority of development discussions are there.

Is this thread  no longer used?
Even the bitcointalk is not used forever?

Look up the dates and number of the recent posts on here and nxtforum for users: Come-from-beyond, jean-luc, Ciyam + 2 devs on his team, jl777, wesleyh, anon136, mtchcl, msin... all the techie people  Grin Grin (apologies if I missed anyone)  Smiley

And I am confident is will show that now probably <5% of tech discussion is here.

Come and join us   Grin Grin Grin
member
Activity: 92
Merit: 10
Don't forget

www.nxtforum.org

Majority of development discussions are there.

Is this thread  no longer used?
Even the bitcointalk is not used forever?
sr. member
Activity: 312
Merit: 254
It's incredible how price sinks considering the big developements efforts here. NXT is being developed/there are so many people working many more hours than almost any other coin but at the same time, price is going slowly down (even though all market is going down).

When I have doubts I usually check this thread, realise of how many people are involved/coding and think it's impossible it won't go up. So I'm holding my NXT for sure. However, would I be a newbie I wouldn't got into nxt, so weird it's taking so long (considering nxt projection)

Keep it up!

This thread explain many things for me: https://bitcointalksearch.org/topic/m.6138143

I think many people don't realize what nxt is, don't look into any obvious reason for price to drop, for me is like the mistery of why DOGE went up...

The effort being put into this project is awesome, almost as much as the things which we'll can do with this platform  Cheesy
So I'm holding for sure too, hope one day people realize about. Think in this low price like an opportunity to finish with all the conspiracy about big stakeholders
hero member
Activity: 910
Merit: 1000
Don't forget

www.nxtforum.org

Majority of development discussions are there.
member
Activity: 88
Merit: 10
It's incredible how price sinks considering the big developements efforts here. NXT is being developed/there are so many people working many more hours than almost any other coin but at the same time, price is going slowly down (even though all market is going down).

When I have doubts I usually check this thread, realise of how many people are involved/coding and think it's impossible it won't go up. So I'm holding my NXT for sure. However, would I be a newbie I wouldn't got into nxt, so weird it's taking so long (considering nxt projection)

Keep it up!
hero member
Activity: 597
Merit: 500
emuppet must be responsible for btc free fall today also.
this is something to remember. when btc becomes worth hardly anything again and all cryptos that trade to btc will also be dead. but people hodling nxt will be laughing as our ae will give us a way to trade without btc. the futures bright for nxt. after the dust settles alot of people will be running wild for nxts. this makes me smile and grip my nxt tighter  Cool

good morning/afternoon redsn0w. the boy who cried wolf is very active today again. lol

yes, same view here. there is a very high chance exactly this will happen.
moreover, just bought a bunch gridseed miner for the multipool, catching some more nxt step by step.
legendary
Activity: 1540
Merit: 1016
Goodmorning people!

How are you ?
fine thanks!)
legendary
Activity: 1778
Merit: 1043
#Free market


good morning/afternoon redsn0w. the boy who cried wolf is very active today again. lol



Emule ?
hero member
Activity: 714
Merit: 500
emuppet must be responsible for btc free fall today also.
this is something to remember. when btc becomes worth hardly anything again and all cryptos that trade to btc will also be dead. but people hodling nxt will be laughing as our ae will give us a way to trade without btc. the futures bright for nxt. after the dust settles alot of people will be running wild for nxts. this makes me smile and grip my nxt tighter  Cool

good morning/afternoon redsn0w. the boy who cried wolf is very active today again. lol
legendary
Activity: 1778
Merit: 1043
#Free market
Goodmorning people!

How are you ?
hero member
Activity: 574
Merit: 500
How is Isracoin still up  Shocked Shocked The top 34 coins are in the red over the last 24hours except them...

Must be their superior tech, talented team of devs and huge following. Or a huge pump.... though Auroroacoin made it past Litecoin IIRC so there still might be some legs left in them Smiley  Cheesy Cheesy Cheesy

Who knows  Grin
hero member
Activity: 714
Merit: 500
ye me too. a certain muppet predicted the same price a week ago. didnt happen lol
nxt on rebound already.
hero member
Activity: 574
Merit: 500

smart money sells and buys back at 0.00003 than sell again at 0.00004 never to look back cos it will crash after that


I had a strong de ja vu just now  Grin


If you keep saying it, it might come true one day.

member
Activity: 64
Merit: 10
anyone wants to buy Nxt from cryptsy and bter to beat Peercoin and get Nxt to the 4th position? Smiley

Dear buyer, thank you for last weeks buys into the 5th position. Now you have a second chance to beat Peercoin. It will be very easy today! Simply buy Nxt from Bter  Wink

Have to say is
About NXT people is very much
Relatively stable
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