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Topic: NXT :: descendant of Bitcoin - Updated Information - page 427. (Read 2761640 times)

hero member
Activity: 910
Merit: 1000
legendary
Activity: 1092
Merit: 1010
WARNING !!!!!

I have stopped looking at NXT and you should consider the same.
It seems to be possible to generate NXT out of thin air  Huh

Take a look at this account: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1739068987193023818
He sends around millions of NXT that he does not have. No problem doing this, because his account balance is able to become negative without any restriction.

If I would hold NXT i would feel betrayed.

Funny for those who know, for those who don't: That is the ID of the genesis account. No, NXT cannot and will not be created out of thin air.  Tongue

Also, to make it absolutely clear: this account cannot send out "anti-Nxt", in case you are wondering. Accounts with a negative balance cannot send.
legendary
Activity: 1367
Merit: 1000
Wow! Cool
Code:
public static final int TRANSPARENT_FORGING_BLOCK_6 = 100000;
full member
Activity: 238
Merit: 100
WARNING !!!!!

I have stopped looking at NXT and you should consider the same.
It seems to be possible to generate NXT out of thin air  Huh

Take a look at this account: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1739068987193023818
He sends around millions of NXT that he does not have. No problem doing this, because his account balance is able to become negative without any restriction.

If I would hold NXT i would feel betrayed.

HAHA epic.. Cheesy

OK I will respond to it, this is a genesis account/ first account from which all of NXT were distributed to the original stakeholders in November..Smiley

HAHA epic..Smiley
Xio
newbie
Activity: 60
Merit: 0
WARNING !!!!!

I have stopped looking at NXT and you should consider the same.
It seems to be possible to generate NXT out of thin air  Huh

Take a look at this account: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1739068987193023818
He sends around millions of NXT that he does not have. No problem doing this, because his account balance is able to become negative without any restriction.

If I would hold NXT i would feel betrayed.

Funny for those who know, for those who don't: That is the ID of the genesis account. No, NXT cannot and will not be created out of thin air.  Tongue
sr. member
Activity: 338
Merit: 250
THIS IS  ANOTHER REASON WHY WE HAVE LOST FOCUS!

Lock this thread and let's move to a new forum.

If we have a debate for something the whole thread get's derailed and you have the impression that NXT project is chaotic etc.

Having specialized topics like TF, Instant TXs, AT, AE etc will help a lot both progress and get rid of this feeling that progress is stalled, situation is fuzzy etc. that puts us in a negative feedback loop!



This is 100% true. Or as a NXT'er might put it: +1440
legendary
Activity: 1092
Merit: 1010
WARNING !!!!!

I have stopped looking at NXT and you should consider the same.
It seems to be possible to generate NXT out of thin air  Huh

Take a look at this account: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1739068987193023818
He sends around millions of NXT that he does not have. No problem doing this, because his account balance is able to become negative without any restriction.

If I would hold NXT i would feel betrayed.

Thank you for looking at the GENESIS BLOCK!
hero member
Activity: 490
Merit: 504
Bitcoins are mined out of thin air, just for spending electricity.

Dollars are printed our of thin air, just by the banks/governments.

All Nxt coins were sold for 21 Bitcoins and then fairly divided from the genesis account
legendary
Activity: 1120
Merit: 1000
True detective.

Also, 999 is an inverted 666.
hero member
Activity: 616
Merit: 500
WARNING !!!!!

I have stopped looking at NXT and you should consider the same.
It seems to be possible to generate NXT out of thin air  Huh

Take a look at this account: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1739068987193023818
He sends around millions of NXT that he does not have. No problem doing this, because his account balance is able to become negative without any restriction.

If I would hold NXT i would feel betrayed.

BEST      POST      EVER

+ 999,997,096
hero member
Activity: 910
Merit: 1000
WARNING !!!!!

I have stopped looking at NXT and you should consider the same.
It seems to be possible to generate NXT out of thin air  Huh

Take a look at this account: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1739068987193023818
He sends around millions of NXT that he does not have. No problem doing this, because his account balance is able to become negative without any restriction.

If I would hold NXT i would feel betrayed.

BEST      POST      EVER
legendary
Activity: 1498
Merit: 1000
In the end, it would be an inconvenience for large stakeholders but for nothing.

TF is going ahead the way it was planned regardless so why not take these pointless discussions to a new topic?

THIS IS  ANOTHER REASON WHY WE HAVE LOST FOCUS!

Lock this thread and let's move to a new forum.

If we have a debate for something the whole thread get's derailed and you have the impression that NXT project is chaotic etc.

Having specialized topics like TF, Instant TXs, AT, AE etc will help a lot both progress and get rid of this feeling that progress is stalled, situation is fuzzy etc. that puts us in a negative feedback loop!

full member
Activity: 221
Merit: 100

Here's how well things are going in regards to trying to get things done (for Nxt AT):
http://ciyam.org/open/?cmd=view&data=20140220164742097000&ident=M100V137&chksum=065ecf7d

So in the Nxt AT project there is currently 1 person doing anything (myself) and a total of 0.009 BTC available for the project to allocate (I won't complain about payment as I have received some BTC directly for my contribution).

How much fund have we allocate for AT project? Where is it?
full member
Activity: 236
Merit: 100
Asset Test Report:
(windows xp)one pc run 4 test-tools, one notebook run 4 tools too, every peer place bid 1000 orders(Asset:aaa), at GMT 2014-03-10 08:40:00 at the same time. Asset:aaa

peer                                     place order      confirmed orders   account    workstation
http://tn01.nxtsolaris.info:6876     1000              dead,                   T1   PC-A
http://node10.mynxtcoin.org:6876  1000             920                           T2   PC-A
http://node9.mynxtcoin.org:6876   1000              925                     T3   PC-A
http://testnxt-jp.cloudapp.net:6876  1000    all M =1450                    M   PC-A
http://testnxt-ne.cloudapp.net:6876 1000   0                           T1   NB-B
http://testnxt-we.cloudapp.net:6876 1000   12                           T2   NB-B
127.0.0.1:6876  0.8.8                   1000         all M =1450                    M   NB-B
127.0.0.1:6876                            1000         all M =1450                   M   NB-B

insert table show incorrect Huh
1.   NRS can only show 1000 transactions.
2.   account M should finished 3000, actual 1450 confirmed, this half orders were confirmed. don’t know how many orders placed successfully.
3.   why account T1(18417951495642174144) have no orders confirmed?.

Test1
18417951495642174144
Test2
9404937923603975012
Test3
14940513848409477098
Master
1562462127635514638

after modifing the test tools, i will test the case again tomorrow.
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
In the end, it would be an inconvenience for large stakeholders but for nothing.

TF is going ahead the way it was planned regardless so why not take these pointless discussions to a new topic?
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Understand that it will not avoid pools.

Stakeholder will split their balances and created pseudo-nodes (if whatever forging limit you impose on accounts or nodes).

If you want to avoid pools the right way, find a crypto-solution.

Either I'm totally off-base here, or we are having trouble communicating.

Is not intended to penalize individual account holders.  Capping effectiveBalance is certainly a very simple answer (I'm big proponent of KISS philosophy).  The idea may be flawed, and you could be correct in that a more correct cryptograpically-sound solution might be preferred.

One account owning 5% of NXT is not the problem.  Small number of pools forging on behalf of large majority of NXT is... and, is only a problem if/when unbound leasing of forging power is implemented.

If the only problem with the approach is that it inconveniences large stakeholders, so what?  If it adequately addresses the need to avoid large pool centralization, then it could be a reasonable tradeoff.

Okay. I see.

Let us define several terms. NXT is a layered network (consisting of 4 individual networks = 2 real networks and 2 meta networks):

A2) account holders (meta layer - 1 account holder controls n accounts)
A1) accounts (crypto layer)

N2) node holders (meta layer - 1 node holder controls m nodes)
N1) nodes (physical layer)

The accounts of an account holder act as one.
The nodes of a node holder act as one.

If one forces a split of accounts/nodes, the holder is still the same. So, these accounts/nodes still act as one. So, the security level is the same. In terms of the networks, if one forces N1 and A1 to split, N2 and A2 are still the same.

I hope that clarifies my conclusion.

In the end, it would be an inconvenience for large stakeholders but for nothing.
hero member
Activity: 715
Merit: 500
Proposed limit to forging power aims to avoid pool centralization.

Agreed - but if it wasn't "in the plan" then I don't care if we do it or not.

I think we have shown that it is *impossible* for the people in this topic to ever come to a consensus about anything at all (and perhaps a few of you actually work for Ethereum to ensure exactly that).

I am willing to say "let's just go with the plan" (because it is obvious that we'll never work out another plan).


Yes, until there is the voting system in place. After which, we can discuss a topic and then voting on the topic after a certain time has passed.
full member
Activity: 221
Merit: 100
Proposed limit to forging power aims to avoid pool centralization.

Agreed - but if it wasn't "in the plan" then I don't care if we do it or not.

I think we have shown that it is *impossible* for the people in this topic to ever come to a consensus about anything at all (and perhaps a few of you actually work for Ethereum to ensure exactly that).

I am willing to say "let's just go with the plan" (because it is obvious that we'll never work out another plan).


+1. Sounds a good plan for me. Grin
hero member
Activity: 616
Merit: 500
I just got a weird 40nxt transaction from dgex. I haven't used it since december. Anyone else?
legendary
Activity: 1512
Merit: 1004

Decentralized internet and Nxt solutions
By: salsacz
https://docs.google.com/file/d/0B3-e3G51PWfYSVJrUXo4dndxbFU/edit
Proofread: pandaisf

I have translated this impressive article to Chinese for more Chinese to read as following.
Sina blog    
Nxtchina forum    
BTC38 forum   
BTCyear
Btcman
8BTC 83Bit
Baidu Tieba Bitebier
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