Topic: NXT :: descendant of Bitcoin - Updated Information - page 2517. (Read 2761650 times)

Top bid order on the exchange is 1.25 BTC for 1M NXT. Already +25%

Now I just need the Price of NXT to skyrocket  so I can tell my boss to go Fuk himself!

Yup that did it.  Thanks very much.
I appreciate the active support you provide.

Guys, what are your long term plans for Nxt? I understand that it is early in the life of Nxt, but some of the attitudes confuse me.

- The very real problem of a possible brute force attack to access accounts was shrugged of more than once now. The anwser basically was, use longer passphrase. This will work (maybe) if you want a few hundred geeks to use Nxt. In the "mainstream" you can never, ever trust the user to be smart.

- The integraded exchange and stuff will be good to have, but some point an effort has to be made with the API so major exchanges can potentially add Nxt. People don't like to use 5 different exchanges. If they have money on Btc-e, they will mainly buy and sell there. This is not an urgent problem, but needs to be addressed at some point.

- Java, localhost, interface look. Again, if you want Nxt to be successful, it can not remain this. An avarage user will not stand for it.

- We have to make more of an effort to explane Proof-of-Stake, and mining in Nxt. We need a catchy phrase for it, a standard reply. like: "In Nxt your coin is your mining equipment. Buy coin!"
It encourages coin distributon, transactions, and explains mining, and the point of PoS. Don't invest in hardware, invest in the coin.

If you know all this and have plans that brings this coin to the big league, then never mind me.
But it would be nice to know, what is the goal? Making a good coin, or making a good _and_ successful coin?

Thanks for reading.

Refresh the webpage. Maybe client lost new block data.

Why does it sometimes skip blocks?
Height:
4095 jump to 4099
4104 jump to 4107

Ok, let's see ur math. Coz when I asked about this issue BCNext said that 2 accounts would mine the same amount of blocks. Low-balance accounts lose the race more often and this compensates their combined chance to find a block.

Aye, we can, but should we change the algo?

Btw, r u talking about the situation that 2 accounts with 500 coins could mine blocks more often than 1 account with 1000 coins?

Did some more analysis.
Nxt is vulnerable to a type of sibyl attack.  
Will post the math later.
Sorry I missed this earlier.
Can we get the developer to rise from the dead so we can fix the mining algorithm?


Edit: False Alarm. I was basing this on an older description of the Nxt algorithm. The algorithm has been changed. And this problem was fixed with the change.

It's even allowed to send coins back to the same account.

They can be used to fill 1 nxt to all the blocks. That's easy to implement cause we just need to create another account and transfer to it every minute.

It can be implemented now and continue until the account is claimed. The loss in tx fee is a kind of penalty to the late claimer. More penalty for later.

Yes, understandable. I would not do it either if I were you, considering all the risks (hacking) and troubles in maintaining.  

Now we can see the drawback of little incentive for mining, cause even there's a 3% pool fee, it is still almost nothing. I don't see there's any incentive for people other than the main share holders to create the pool now.

As I see 55M still not claimed. If noone takes them till 3rd of Jan, then all the coins will be distributed, at least BCNext was going to do so.

perhaps the unclaimed account could be used as the working horse
for small miners. getting some mined fee's, even in fraction would
help adoption a lot.

miners could check the system or mner api to see the mining stats
and pool creators could call the system for the actual payment
queue. this way the system just delivers the logic without any
account access of course.

ok, thus said, if there is a demand for this later let me know.

Incorrect time, bad connections, low memory. Relaunch client and try again AFTER that transaction expire.

Thx, but I don't want to bother with all that stuff.

I bought some nxt with a friend, 150k, and been trying to send him his half. Managed to send about 10k. After that each transfer got rejected. What could be the problem

I think as long as they belong to the main developers, like you two, they can be trusted.
If we are scammed by the main developers of Nxt, Nxt will become valueless anyway.

Could work. If there are 3 pool owners then I would better split my coins among them to lower risk of losing coins.

what about this?

i could built a trusted mining system, where any trusted stakeholder could
register and declare an account number as pool mining. the small miners can
see which mining accounts are available and connected with which stakeholder.
based on this they can decide to use the pool-account.

i could write the analyzer and earning/payout logic for each registered
account, delivering stats about the mining process etc. would this make sense?

edit: of course, the best would a client built-in solution but don't know what's
on the dev roadmap now and the next month.