Topic: NXT :: descendant of Bitcoin - Updated Information - page 257. (Read 2761645 times)

Isnt this price/MH much more attractive than regular ATI-based mining rigs?  With a 6 card rig, costing around 6000 or so, you might get 6MH/s.  They are advertising min of 100MH/s for only 10G.

This will be interesting.

ROFL.

ROFL

on https://bitcoinwisdom.com/markets/bter/nxtbtc buy orders about 2mln on 5000/4900/4800/4700/4600 etc. http://clip2net.com/s/72Y0Az
There are not same buy orders on bter  http://clip2net.com/s/72Y3Wp
Why?

http://www.coindesk.com/kncminer-accepting-pre-orders-first-scrypt-miner-titan/

This might push people away from scrypt altcoins. An arms race for mining litecoin and dogecoins helps us, right?

if these sporting bet can be done in a 100% decentralized manner, that would be so huge for Nxt!

The main problem is "how do you trust" the chains reporting?

Basically "block chain tech" can only accurately report on "other block chains".

So I was brainstorming the decentralized sports betting idea with my friend yesterday, and I've got some new ideas. Can smarter people than me give me some feedback? These ideas might be really dumb, because I'm not a programmer and I don't fully understand how everything works.

1) A parallel blockchain that contains the history of scores generated by a crawler that pulls data from ESPN, Yahoo Sports, Google, etc and crosschecks the data against the sources. Users of the betting service must somehow reference the correct score history when placing bids for a new bet. After a certain number of confirmations (ie when the future bettors come to a consensus on the correct score history), the old bets are paid out.

2) A parallel blockchain that contains the history of scores generated by a crawler that pulls data from ESPN, Yahoo Sports, Google, etc and crosschecks the data against the sources. Users of the betting service must submit corrections to the blockchain, to be verified by "miners" which are rewarded for the verification (somehow, to be determined). If you submit a false claim for correction, you get penalized in a big way.

These two ideas are trying to decentralize the score reporting portion, so that payouts can be automated without trusting a 3rd party to correctly report the scores.

https://en.bitcoin.it/wiki/Transactions#Input

What do you mean by input?

Bitcoin signs each input. Nxt doesn't have inputs.

That's what I thought. Though collisions are always possible

The newly created account error was just a bug in my code I will upload new version later today that fixes it.

Because there is no brainwallet, so all addresses are different.

Btw, any advancment on the wallet system?

how come this type of thing doesn't work on bitcoin clones, what's different there? (Or does it?)

That's not funny opticalcarrier   and no I did not as a matter of fact. Now I am starting to question whether we are in a simulation.
and What is up with all the Asset Transfers? And I couldn't send testNXT last night or this morning from a newly created account, getting the "Unknown Account" error.

Depends on deadline. Default 24h is long enough to do the attack successfully in 99.9%.

You can't create new nxt, it has to be in the withdrawal account.

Should not if you add some kind of field to transaction that signifies the chain it is on.