Let's call them Nxtcoins so that everybody will stop calling Nxt Nxtcoins
OUTSTANDING. bravo. all agreed?
That would be major dumb... As there isn't enough confusion right now ... ^^
Topic: NXT :: descendant of Bitcoin - Updated Information - page 388. (Read 2761642 times)
OUTSTANDING. bravo. all agreed?
That would be major dumb... As there isn't enough confusion right now ... ^^
Let's call them Nxtcoins so that everybody will stop calling Nxt Nxtcoins
OUTSTANDING. bravo. all agreed?
Given that hacking a wallet file has the additional step of getting a copy of the wallet file, by how many bits of entropy should the password of the wallet file be protected?
Is wallet file encrypted by user password before you safe it to hard drive?
Yes. Wallet holds account-account secret pairs, with the account secrets having 128 bits of entropy and the wallet file being encrypted with a wallet password of X bits of entropy. Wallet password is generated, but the user can set the wanted entropy.
The user should be able to choose his own encryption password. He is more likely to remember it. Yes there is a risk, but the only way he can lose it if there is a torjan/keylogger on his machine that steals wallet file. And if that happens, longer generated password ism't going to help.
I think since nodecoins are rewards for running nodes for nxt maybe we should come up with a way to reward nodecoins. Like some math guy come up with a proper reward
threshold in nxt for a certain amount of nodecoins. We can setup an automatic payout in nxt for nodecoins and fund it by donations or whatever. That way people will always
run nodes because they get free nodecoins which even if a little will be converted to nxt via a gateway or whatever as guaranteed reward.
threshold in nxt for a certain amount of nodecoins. We can setup an automatic payout in nxt for nodecoins and fund it by donations or whatever. That way people will always
run nodes because they get free nodecoins which even if a little will be converted to nxt via a gateway or whatever as guaranteed reward.
No, it needs to be self-sustaining.
That would be ideal. But if it isn't and nobody cares about nodecoins then maybe plan B is a direct exchange nodecoins for nxt? For example 10,000 nodecoins for 10 nxt? As nxt increases in value the nodecoin/nxt ratio reward would go down obviously.
Of course this will not last forever. Once nxt is a powerhouse with high value and tons of businesses securing the network nodecoins will not be needed anymore. So we would not
need to have a nodecoin/nxt reward gateway anymore. And by then if nodecoins by themselves happen to have trading value then thats great.
It could be self-sustaining, but we can push the price a bit, by burning NodeCoins with donations. How about that?
Could somebody put a new board (http://www.simplemachines.org) on a server for us?
People have been complaining about their little nxts are not forging anything. Nodecoin was to incentivize those complainers/miners to run their nxt nodes. I'm just wondering
if receiving something called nodecoins is enough to keep everyone who complained forging?
Anyway, yes lets move on. Nodecoins are here and lets hope it does as intended. Great work James
if receiving something called nodecoins is enough to keep everyone who complained forging?
Anyway, yes lets move on. Nodecoins are here and lets hope it does as intended. Great work James
Just to inform, I'm not against it and support James work. Maybe I didn't see the whole picture of nodecoin.
Let's call them Nxtcoins so that everybody will stop calling Nxt Nxtcoins
First Post Update
I updated the link on the first post for the AT Development Thread to Ian's CIYAM NXT AT Forum.
I think Ian's CIYAM forum is a good way to foster development and should be used for more NXT dev projects. Currently, projects can only be funded in BTC, but Ian has offered to add a NXT funding field. NXT AT project currently has 1.058 BTC allocated to development.
If Come-from-Beyond doesn't have the time or resources to finish parallel blockchains, the community can use Ian's site to fund and develop it.
I also received a message from Copperlark informing me that the crypto exchange UpBit.org is now trading NXT.
I updated the link on the first post for the AT Development Thread to Ian's CIYAM NXT AT Forum.
I think Ian's CIYAM forum is a good way to foster development and should be used for more NXT dev projects. Currently, projects can only be funded in BTC, but Ian has offered to add a NXT funding field. NXT AT project currently has 1.058 BTC allocated to development.
If Come-from-Beyond doesn't have the time or resources to finish parallel blockchains, the community can use Ian's site to fund and develop it.
I also received a message from Copperlark informing me that the crypto exchange UpBit.org is now trading NXT.
+1, I think we should post the Parallel Blockchain project on CIYAM.org, perhaps when he's done with AT, he will be interested in developing. I have BTC/Nxt saved for the occasion and I seem to be the only one funding AT as well, although I'm sure we can give him a bounty on completion. The more Nxt Ciyam has, the better.
let's call it nxt credits. karma came to my mind but buying and selling karma doesn't make any sense.
People have been complaining about their little nxts are not forging anything. Nodecoin was to incentivize those complainers/miners to run their nxt nodes. I'm just wondering
if receiving something called nodecoins is enough to keep everyone who complained forging?
Anyway, yes lets move on. Nodecoins are here and lets hope it does as intended. Great work James
if receiving something called nodecoins is enough to keep everyone who complained forging?
Anyway, yes lets move on. Nodecoins are here and lets hope it does as intended. Great work James
Given that hacking a wallet file has the additional step of getting a copy of the wallet file, by how many bits of entropy should the password of the wallet file be protected?
Is wallet file encrypted by user password before you safe it to hard drive?
Yes. Wallet holds account-account secret pairs, with the account secrets having 128 bits of entropy and the wallet file being encrypted with a wallet password of X bits of entropy. Wallet password is generated, but the user can set the wanted entropy.
Question is, which range of values should I allowe for X and is it ok, if I make 96 bits of entropy the default setting for the wallet password.
THing about nodecoin, is it is a process, that just happens to be trackable, and then the proof of process, or proof of work if you like, has a value.
We already RUN nodes. But we need to impress others to do it. The coin has no value to anyone UNLESS you need nodes.
We all need nodes, and when businesses, like Damelon's outside project comes online, they will need MORE of nodes, and they will PAY you to run them
Price will go up, and more nodes will come online.
Back to my cell tower argument. Imagine if the teclo ran fine, but when it got busy they could PAY you to help. Turn on your wifi and you help. and get paid.
Ok so i pay a Telco to provide a service. The Telco then pays me to provide a service and i pay the Telco again! Why not just have a auto convert of Node to Nxt. If a company needs to pay for nodes they can do it in NXT.We already RUN nodes. But we need to impress others to do it. The coin has no value to anyone UNLESS you need nodes.
We all need nodes, and when businesses, like Damelon's outside project comes online, they will need MORE of nodes, and they will PAY you to run them
Price will go up, and more nodes will come online.
Back to my cell tower argument. Imagine if the teclo ran fine, but when it got busy they could PAY you to help. Turn on your wifi and you help. and get paid.
theres no paying the telco. remove your pre conceptions. and feel free to ignore nodecoin. just cause you dont understand its value doesnt mean its not there.
this is like explaining Bitcoin to your grandma right now...
you could always pump it artificially.
and that, my friends, was altcoins 101.
and that, my friends, was altcoins 101.
I think since nodecoins are rewards for running nodes for nxt maybe we should come up with a way to reward nodecoins. Like some math guy come up with a proper reward
threshold in nxt for a certain amount of nodecoins. We can setup an automatic payout in nxt for nodecoins and fund it by donations or whatever. That way people will always
run nodes because they get free nodecoins which even if a little will be converted to nxt via a gateway or whatever as guaranteed reward.
threshold in nxt for a certain amount of nodecoins. We can setup an automatic payout in nxt for nodecoins and fund it by donations or whatever. That way people will always
run nodes because they get free nodecoins which even if a little will be converted to nxt via a gateway or whatever as guaranteed reward.
No, it needs to be self-sustaining.
its too bad boobs arent self-sustaining.... I wish they were always perky but eventually they all droop
Free market will take care of.
THing about nodecoin, is it is a process, that just happens to be trackable, and then the proof of process, or proof of work if you like, has a value.
We already RUN nodes. But we need to impress others to do it. The coin has no value to anyone UNLESS you need nodes.
We all need nodes, and when businesses, like Damelon's outside project comes online, they will need MORE of nodes, and they will PAY you to run them
Price will go up, and more nodes will come online.
Back to my cell tower argument. Imagine if the teclo ran fine, but when it got busy they could PAY you to help. Turn on your wifi and you help. and get paid.
Ok so i pay a Telco to provide a service. The Telco then pays me to provide a service and i pay the Telco again! Why not just have a auto convert of Node to Nxt. If a company needs to pay for nodes they can do it in NXT.We already RUN nodes. But we need to impress others to do it. The coin has no value to anyone UNLESS you need nodes.
We all need nodes, and when businesses, like Damelon's outside project comes online, they will need MORE of nodes, and they will PAY you to run them
Price will go up, and more nodes will come online.
Back to my cell tower argument. Imagine if the teclo ran fine, but when it got busy they could PAY you to help. Turn on your wifi and you help. and get paid.
I don't like it.
If this node coin experiment doesn't work, it doesn't work. Moving on.
If this node coin experiment doesn't work, it doesn't work. Moving on.
Think of it this way: By running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.
Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.
Now use node coin as a tipping coin and Nxt is the king.
Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.
Now use node coin as a tipping coin and Nxt is the king.
OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?
nodecoin is an ASSET on the AE. Its current price is .01NXT
Get 100 nodecoins and sell for 1NXT. It is a free market, it can go either way and will go up when businesses NEED more servers, they will pay more.
I have 340k NXT forging, and in the past 3 months I have earned like 140NXT, including one block that paid 100. yet with nodecoin I've earned 52nodecoin in 2 hours.
Thats 26/hr.
Thats 6.5NXT a DAY at the current rate.
90 days would have been 585 NXT.
FOR NOTHING but PoW
From my CPU running 1%. I will set up my uDroid for this tonight if time permits.
Is this Nodecoin mining possible only with Linux currently? (just trying to catch up with "Nodecoin")
I think since nodecoins are rewards for running nodes for nxt maybe we should come up with a way to reward nodecoins. Like some math guy come up with a proper reward
threshold in nxt for a certain amount of nodecoins. We can setup an automatic payout in nxt for nodecoins and fund it by donations or whatever. That way people will always
run nodes because they get free nodecoins which even if a little will be converted to nxt via a gateway or whatever as guaranteed reward.
threshold in nxt for a certain amount of nodecoins. We can setup an automatic payout in nxt for nodecoins and fund it by donations or whatever. That way people will always
run nodes because they get free nodecoins which even if a little will be converted to nxt via a gateway or whatever as guaranteed reward.
No, it needs to be self-sustaining.
That would be ideal. But if it isn't and nobody cares about nodecoins then maybe plan B is a direct exchange nodecoins for nxt? For example 10,000 nodecoins for 10 nxt? As nxt increases in value the nodecoin/nxt ratio reward would go down obviously.
Of course this will not last forever. Once nxt is a powerhouse with high value and tons of businesses securing the network nodecoins will not be needed anymore. So we would not
need to have a nodecoin/nxt reward gateway anymore. And by then if nodecoins by themselves happen to have trading value then thats great.
I think since nodecoins are rewards for running nodes for nxt maybe we should come up with a way to reward nodecoins. Like some math guy come up with a proper reward
threshold in nxt for a certain amount of nodecoins. We can setup an automatic payout in nxt for nodecoins and fund it by donations or whatever. That way people will always
run nodes because they get free nodecoins which even if a little will be converted to nxt via a gateway or whatever as guaranteed reward.
threshold in nxt for a certain amount of nodecoins. We can setup an automatic payout in nxt for nodecoins and fund it by donations or whatever. That way people will always
run nodes because they get free nodecoins which even if a little will be converted to nxt via a gateway or whatever as guaranteed reward.
No, it needs to be self-sustaining.
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