Topic: NXT :: descendant of Bitcoin - Updated Information - page 361. (Read 2761645 times)

IMO, most miners are not innovators. Sure, they can do a lot of work looking up the most profitable coin to mine, but they aren't actually contributing anything to the community (besides securing the network, which PoS does for pennies). The only innovators in the mining community I can think of are ASIC manufacturers, they actually are making new technology - which, unfortunately, is making PoW gravitate towards centralization.

I'm not against "useful" mining such as NodeCoin suggested earlier, processing scripts, etc. because it does something that is actually useful. PoW (in the sense of keeping the network secure) is an antiquity.

So to respond to Jame's question, we should make PoW coins on top of NXT that provide useful services. For example, in-line with BCNext's vision, implementing a coin with mining inflation (eventual target ~1%) for everyday use is useful. NodeCoin could be used to reward node operators, and entitle them to buy special node services, thus being valuable (@ZeroTheGreat, this is pretty much proof-of-node). ScriptCoin to run Scripts, etc. So many possibilities!

+1

James, please ignore the trolls and keep up the fine work.  

I have tested your client on my iPhone 5 and iPad 4 with iOS 7.1. Here are some things I discovered:

The logo and the spinningwheel are not retina. (not that important, but retina just looks great!)

iPad landscape

Almost everything looks good, but in the Asset Exchange the two collums Buy and Sell give a problem to the wordt "Ammount".




iPad portrait

The links on the top are set at a fixed size, so they are to big and are displayed a bit to low over the header.




In some items a second menu is displayed (at Asset Exchange, Messages, etc) this menu is displayed on top of the normal menu on the left side. So the normal menu is not usable anymore. Maybe you can hide the menu and show it on top of everything, such as iNxt is doing in his app: https://itunes.apple.com/us/app/inxt/id802351888?mt=8

iPhone landscape

The same problem with the links on the top is showing on the iPhone landscape.




I cannot scroll in the menu on the left side. When I scroll the total page, only the right side is scrolling. So I cannot access any menu-items below "Contacts".

Also is the second vertical menu (at Asset Exchange, Messages, etc) covering the menu on the left side. Once I am in the Asset Exchange I cannot go back to other menuitems.

iPhone portrait

The splashscreen can use some more padding between buttons:



When I am a registrered user there isn't much padding around the logo and boxes.



We see the same problems with the menu's as in the iPhone landscape version:



and the transaction id's are to big too in on the iPhone:




Hope this will help you! Good luck!

You're joking...  right?   

Also, notice that if trying to boost the NXT network via nodecoin purchases doesnt work, what have we lost? Without nodecoin, there wouldnt even be that option. nodecoin price fluctuations do not impact NXT. nodecoin is not NXT. nodecoin is a NXT asset. If NXT relies on nodecoin for all of its network infrastructure incentive and nodecoin fails, then where are we? I think we would be where we are now, without nodecoin.

James

Cfb

I claim the 100,000 NXT bounty for finding the fatal flaw in NXT.

nodecoin!

yes, nodecoin will kill NXT. As soon as nodecoin comes out there will be no need for NXT. Lets ignore the fact that without NXT, nodecoin cannot exist, but the consensus is that nodecoin is a NXT killer. It doesnt exist outside of NXT, but it kills NXT.

Quite magical actually.

James

+1

James, please ignore the trolls and keep up the fine work. 

Wow.

I trust this guy more than C++ converted to Java implementation that we are using right now.

I talked to both the original C++ author and Java converter and both seem to be clueless, really.

public static final boolean sign(byte[] v, byte[] h, byte[] x, byte[] s) {
    // v = (x - h) s  mod q
    int w, i;
    byte[] h1 = new byte[32], x1 = new byte[32];
    byte[] tmp1 = new byte[64];
    byte[] tmp2 = new byte[64];

    // Don't clobber the arguments, be nice!
    cpy32(h1, h);
    cpy32(x1, x);

    // Reduce modulo group order
    byte[] tmp3=new byte[32];
    divmod(tmp3, h1, 32, ORDER, 32);
    divmod(tmp3, x1, 32, ORDER, 32);

    // v = x1 - h1
    // If v is negative, add the group order to it to become positive.
    // If v was already positive we don't have to worry about overflow
    // when adding the order because v < ORDER and 2*ORDER < 2^256
    mula_small(v, x1, 0, h1, 32, -1);
    mula_small(v, v , 0, ORDER, 32, 1);

    // tmp1 = (x-h)*s mod q
    mula32(tmp1, v, s, 32, 1);
    divmod(tmp2, tmp1, 64, ORDER, 32);

    for (w = 0, i = 0; i < 32; i++)
        w |= v = tmp1;
    return w != 0;
}

@wesleyh: Did you see my PM's regarding asset aliases and categorizing? Obviously, it's not a super-priority right now, but would be good to have it integrated into your client before AE is released on mainnet.

I have no control over what goes into the NXT core.

For someone to acquire any meaningful amount of nodecoins, they will have to buy them via AE. This means NXT being paid for nodecoins, indirectly supporting the NXT network. If there are people like this, odds are that the NXT network is strong. At current network size, I estimate that the average people will get is 5 to 10 nodecoins per day.

nodecoin is a response to the need for people to get regular and predictable feedback for running a NXT node. It satisfies this requirement. As to what all the other side effects it creates, I am just a simple C programmer and when you start extrapolating things like the behaviors of large groups of people, well, I admit I cannot predict. AUR proves this.

Also, notice that if trying to boost the NXT network via nodecoin purchases doesnt work, what have we lost? Without nodecoin, there wouldnt even be that option. nodecoin price fluctuations do not impact NXT. nodecoin is not NXT. nodecoin is a NXT asset. If NXT relies on nodecoin for all of its network infrastructure incentive and nodecoin fails, then where are we? I think we would be where we are now, without nodecoin.

James

Sorry for the scissors. Trying to keep the walls under control.

I read nearly, but not quite every page in this thread. Despite that, I have to say it was up to this point and sort of still is mysterious as to how exactly nodecoins are to be implemented and what their role will effectively be in the grand scheme. Your post clarifies some things and that helps. I suggest writing out a FAQ to briefly cover the biggest concerns and misunderstandings that have been brought up here.

 I still believe a fee system being integrated into the core to reward nodes would be the smartest choice. It seems like your way just replaces one problem with another. If someone or a group were accumulate large amounts of nodecoins over time, then when we want to increase the infrastructure by buying up/pumping the nodecoin price in any which way, if thats even functionally sustainable, in order to incentivise growing out operational nodes, the accumulators dump on the market and essentially steal the incentive. Then the system of nodes is at the whim of nodecoin market behaviour, including manipulation.... seems like a contorted version of the selfish miner issue, but maybe worse. The network needs to be dynamic and flexible, but not at the great expense of stability.

This is just to clarify, I AM NOT EMULE.

I am someone who had hopes for NXT as the crypto 2.0, but not anymore.

I invested a large amount of fiat into it, I want NXT to be succesful but seeing how this community actually works has turned me off.

What about you? Are you sure you're not BCNext posing under a different surname?

If you'd like heres a little about me:

At 15 I taught myself HTML (yes I can code whole website systems just with notepad), Flash 5 (I'm old), some Python, Java, and even a bit of C++.
I taught myself fine arts and have become a master artist since then.
I have also been an electrician, electronics engineer (not quite good), was majoring in electrical engineering but recently my studies have refocused to Biology, Biotechnology, and Physics.

So no, I am not emule. I am just a well rounded human being that wants the current economic structure to be reset to something that will help all of humanity and not just the chosen few.
NXT seemed like a good idea up until now that the community can't even get together to decide on something as simple as "Is it a coin or an exchange or a potato or a banana?"

Good day

If you think so, however, it's not a cancer, it cannot kill Nxt. It's simply 1 coin.

A bit of positivity !

Here some donation I did




I usually don't say it, you know... because I want to stay anonymous

can i please haz some testNXT?

thanks

879518353350760929

I am quite surprised at some people who are worried that nodecoin will take over NXT. I am writing software to make it look like a coin, act like a coin and it seems I've done a pretty good job

I plan on using my 180+ servers to implement Ddos protection and guarding of the pool server and multigateway servers from direct contact with random clients. While this wont be as good as a 20,000 node NXT network, it should pose quite a barrier to Ddosers who want to disrupt the pool server or multigateway servers.

Since I will be incurring real world costs for the servers to host pool servers and one of the multigateway servers (need to find two non-USA hosts for the others) and I will be getting 1% of nodecoins mined for pool costs and 1% as royalty, it is in my interest to make nodecoins worth more than nothing. After all, if I cant make it self-funding, who will pay for the 180+ servers? Therefore, I liked the suggestion of pricing multigateway services and any other services that the servers I am paying for provide, in nodecoins. Assuming a .01NXT value for a nodecoin, the 2% will generate around 2000 NXT per day. This will be far short of covering the server costs, but at least its a start. nodecoin is a private token that just happens to reward people who operate NXT nodes and . Already there is an account that is trying to get more nodecoins by submitting once per second. I need a way to prevent spam and charging nodecoins is a good way. For normal usage, all the nodecoins you need to be able to use the services will be obtainable just by running nodeminer.

It is clear that nodecoins are very polarizing, I might as well call it a globalwarming-coin!

Like it or not, if ~10% of the people run nodeminer, I estimate EVERYONE with an active node will get their nodecoins. Around 5 per day! just imagine the giant market dumps the big holders will be able to do. A sell wall of 50 nodecoins. The horrors.

nodecoin is a subset of multigateway, with a simple PoN (proof of node). Anybody can do this in a day or two like I did. nodecoin cannot replace NXT. That is like saying that Delta airline bonus miles will replace USD. At 100,000 coins per day, it will take 10,000 days to be fully released, thats 27 years.  You can believe the people that claim that somehow nodecoin will magically replace NXT even though it is built on top of NXT, or you can believe me.

A few weeks back there was all this angst and worry that with transaction fees dropping there would be no incentive to forge. I said I know of an idea that will fix that. I did.

James

P.S. If somebody wants to pay me to kill nodecoin all you have to do is pay the server costs.