Topic: NXT :: descendant of Bitcoin - Updated Information - page 382. (Read 2761642 times)

Hi guys,

couldn't follow the latest developments, but now I need a little help from a javascript guy.
I have a marketing product ready for Nxt and just have to finish the website.
Main work is done, just a simple script won't do as I wish it should.
maybe 10 mins of work.

will appreciate this..

pm me

thx

Ok. 1 nodecoin=1 NXTcoin.   NXT are no longer scarce any more. New redistribution starts. You are robbing nxters, especially the whales.

This is a great setup! Very informative and organized. Thank you.

Are Tech-Com and Mark-Com preparing a similar tracker?

Everyone can also see our list of issues that we've been brainstorming all week. Please post ideas to the thread above or PM us and we'll get them onto the issue tracker for discussion and review.

https://bitbucket.org/nxtinfrastructure/committee/issues?status=new&status=open

Run Wesleyh NxtWallet :
It is useful when click on the ID,the acc will be copied to clipboard.

Where can I found my transaction history,such as ,creation alias,transfer,or issued asset?

Guys/girls/things:

I'd just like to say 'Hi' to the NXT community, in my capacity as Infrastructure Committee spokescreature.

As u may remember, the Inf-Com (less typing) consists of :

marcus03, chanc3r, ferment, ChuckOne and myself.

We've been busy over the last few days since the election, setting up procedures and collaboration tools, as well as considering a few proposals that heve been submitted to us and trying to define our precise role in the further development of NXT.

Most of our work so far can be seen on:
https://bitcointalksearch.org/topic/nxt-nxtinfrastructure-committee-506757

I'm also going to cross post some of the above to nxtcrypto and nextcoin.org, if I find some time.

I'd like to thank all of the NXT community for their trust in us, and remind you all that we are very much open for business.
So, if you have any brilliant ideas/proposals/rantings/requests for funding, get in touch either on our main thread above, or via PM.

Important question: Is Nodecoin (new name needed) an issue for Inf-Com or TechDev-Com ?  
  

+1 Sounds good to me, avoids the competing with NXT aspect, while rewarding node providers.
Pretty much an ideal solution, and it looks fairly simple to implement.

Jumping a motorcycle on to the next point;
If E-K has a bug, he should show it to us, and rely on our natural generosity. Shit, Dr Evil showed up, shared his work with us and we just threw large piles of cash at him. Thats how we do it round here....
 

Hey, nxter.org is damn cool. First time seeing it. Excellent work.

Sorry to keep on beating the dead horse, but here's my take on the paper:

It basically says that if an attacker can convince PoS forgers that he will succeed in any case, forgers would sell their stake to the attacker at deflated cost.
The same applies to PoW currecies (even tho he claims not). If an attacker can convince miners that he will succeed in any case, miners will sell their hardware to the attacker at deflated cost.

So there's nothing new here. One could write a paper that says "It Will Cost You Nothing to 'Kill' a Proof-of-Work Crypto-Currency" using the exact same argument.

Haha cool, like the horse:D

Thank you for not saying told you so. 

I had to make that "quote of the week" in this week's newsletter  

[EDIT] http://nxter.org/nxt-newsletter-5/

@wesleyh possible spelling error it went by so fast but the green box that fades in and out in the upper right corner said to me you "sould" something I forgot what asset.

At least that's what I think I saw.

djeez, how are you feeling? just confirm that you are not under influence of drugs and/or having a psychosis.

EDIT: is this the flaw that you are talking about? then we are all fucked.

on the subject of nodecoin value,

They have shot up in the price from .1nxt to .9nxt 900%! in a few hours!

TO the NODE MOON!

You should do it.  Seriously.

+1440 

Here is the original thread.

https://nextcoin.org/index.php/topic,3884.0.html

He  got 10 BTC fron CFB and several thousand nxt from private donations

He never asked for money, by the way. It was all given impromptu

@jadedjack

It is my understanding that transparent forging is not implemented yet, but will be by April 3rd. TF is supposed to give us protection from up to 90% attack. I'm still getting comfortable with how that is supposed to work.

I don't agree with the paper posted, claiming that a malicious actor could "kill" a POS cryptocurrency for little or no cost. This person would need to get more than 50% of the coins. The paper posted says that if the attacker is "credible", the holders of the coins will sell for next to nothing, because the holders of the coins believe that the attacker will eventually succeed and the value of the coins will eventually be zero.

This to me, is a chicken-or-egg situation. How could an attacker prove to be credible? He would have to declare his intentions publicly, and convince all the holders of the coins that he WILL succeed in his attack. How could he succeed in his attack without causing the price to skyrocket, especially if he is publicly announcing this attack? The paper doesn't answer that question, and I personally don't believe it is possible. The paper asks us to assume that an attacker could convince us that he is a credible threat, and then goes on to prove (using this bad assumption) that it doesn't cost anything to kill the cryptocurrency.

If an attacker publicly declared his intentions to kill a POS cryptocurrency, the rational response of the large stakeholders (or any stakeholder) would be to raise their ask price to the moon, or not even offer to sell at any price. This would ensure that the attacker cannot grab 50% of the coins because it would cost too much money. Therefore the attacker cannot become a credible threat. Therefore the proof in the paper that you posted is not an accurate reflection of reality.

What if the attacker tried to get coins in secret? Given the low trading volume of NXT relative to its market cap, it would be pretty hard to grab 50% of the coins without causing the price to rocket. At the time of writing, 24 hour volume is about $75,000 (coinmarketcap.com). That is less than 0.2% of the market cap as listed on that same website. So it would take at least 250 days to accumulate 50% of the total coins. I'd guess that 50% of the coins aren't even up for sale. The NXT whales help us here, by refusing to put coins up for sale. In less than a month, we will have transparent forging to protect us from a 90% attack (hopefully). Thus the network should be secure from this type of attack as long as 10% of the coins are held by honest actors.

same answer