Topic: NXT :: descendant of Bitcoin - Updated Information - page 2466. (Read 2761638 times)

- no, PoS more safe then PoW, because big stakeholders aren't interested in attack on the currency.

I´ve read a very interesting post which I would like to share with you.

"I think everyone here will agree that NXT is an interesting concept - and I think that implementing it first in Java was a great choice for getting more developers on board. However, I think there is a seriously problem with NXT, and indeed proof-of-stake in general: that of pooled mining.

As with all modern decentralized crypto-currencies, an even spread of influence is desirable: Bitcoin would hardly work if all of the hashing power belonged to one group. Similarly with a proof-of-stake currency, the total wealth needs to be spread across many real world owners, each with small balances, for the system to work.

Small influence leads to small block solving power and so less steady mining returns. Bitcoin solves this through pooled mining. Pooled mining in Bitcoin is particularly elegant since very little trust is required between the pool operator and the owner of the hashing power. Can we do the same in NXT? Solving blocks in NXT requires signing them with an account private key, a good balance and considerable luck. Thus, pooled mining in NXT requires either;

handing over the private key to the pool, without the pool owner running off with the account funds;
trusting the signer to pay back the pool if the get lucky;
or some clever crypto to guarantee one of the above

At present, none of these options are both desirable and possible. So with this in mind, how will NXT work at all?"

What do you think about this?

Good to know... Time for an even stronger pass phrase for me then 

You can use even national characters.

Speaking of pass phrases... Can you use caps and any other characters such as $£"!)(:>< and so on?

Click the padlock on the top left of the client... Enter a very long pass phrase (numbers and letters). Click OK and your account id is in green next to the padlock.

KEEP YOUR PASS PHRASE PRIVATE AND SAFE

- there is exchange: http://dgex.com/

and Trading Thread: https://bitcointalksearch.org/topic/trading-thread-for-nxt-descendant-of-bitcoin-345336

- press the orange "lock" icon at the top left corner, and then type a really long secret phrase. The green numbers near the open "lock" icon stands for your account #.

Any1 selling NXT, about 1 BTC worth?

how create nxt address with the client

Nice logo, I can't even do better than that.
What program did you use?

Offtopic:
Can you help us translate our guide and Nxt info into Czech

- [salsacz] "Sign me up for the translations into Czech language"
http://nextcoin.org/index.php/board,16.0.html

The community would appreciate this. Thanks!

ok, I will also share my vision of logo

Feedback: Ver: 0.3.7
Got this error and application stops running normally.
Physical memory used 139M, with plenty of free RAM left.

No, Im just a moderator of the forums I don't own Dgex.com nor Nextcoin.org

Thank you Drexme

Are you the owner of http://dgex.com also?

Help NXT Go Global!  
https://bitcointalksearch.org/topic/nextcoinorg-forums-looking-for-translators-356677

BTW Nice Logo crazybonkers...

While its a bit quiet here I thought I would send an idea I have been working on regarding a Nxt coin graphic for the shareholders to see.
I will not be precious over this design. If you like it and would like to see some changes, I will be happy to make the changes.

Also if there is an official Nxt coin design thread, I apologize for posting it here.

Crazybonkers

Some feedback for you dev:

I got error and couldn't open "localhost:7875" for both 0.3.5 and 0.3.6 yesterday and now. This error is on win XP system, but I can run succesfully on my laptop Windows 7 system. So I'm wondering whether the client has some problems on Win XP system.

I like this. When can you do it?

I'll offer you 5,000