NXT :: descendant of Bitcoin - Updated Information - page 463.

jl777

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Quote from: CIYAM on March 08, 2014, 02:49:30 AM

Quote from: 2Kool4Skewl on March 08, 2014, 02:36:49 AM

This was flawed because of the network topology issue of knowing which nodes are online. The only work around I can think of is to keep a master list that is broadcast to every node which lists all the nodes seen online in the last 24 hours. Then these nodes would be rewarded.

Unfortunately this also is flawed due to topology (it can't be checked).

I know Evil Bob can fake API return values on his computer to fool nodecoin, but what would be the point? nodecoin will be actively using the NXT API and polling forging status (it is already there in getStatus) I just need to figure out the best way to get high confidence that a node was really forging. Some sort of data that would only be available if they had the latest blockchain that would be sent in for verification

jl777

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Quote from: mcjavar on March 08, 2014, 02:45:27 AM

Quote from: jl777 on March 07, 2014, 10:48:21 PM

Quote from: rickyjames on March 07, 2014, 09:50:47 PM

Quote from: ?? on ??

Quote from: jl777 on March 07, 2014, 09:26:34 PM

Quote from: mcjavar on March 07, 2014, 09:20:12 PM

Quote from: Damelon on March 07, 2014, 09:13:15 PM

Coinpayments is closing down: https://www.coinpayments.net

What was this site for?

Processing bitcoin payments. USA's FinCen says they have authority over bitcoin and any company that touches it is a money transmitter. Now bitcoin is as troublesome as fiat in America. Isnt America nice

So, now you need at least $5 million to operation in USA, before you can even start. maybe you can choose a few states to lower the compliance cost, but every state has their own rules, add the federal stuff on top and the war on bitcoin escalates.

James

Do you have a source for this? I'd like to read up.

http://www.fincen.gov/

Read especially:

http://www.fincen.gov/news_room/testimony/html/20140220.html

FinCEN getting involved in cryptocurrency is a huge blow to Bitcoin in the US and NXT as well. If NXT implements NXTcash as a truly anonymous transfer service, we can expect FinCen to arrest James as a terrorist.

I am only partially joking.

will I get internet access from jail?

Internet no, a huuuuge asshole yes.

Wink

since when is writing software a crime anyway? What has the world become??

jl777

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Quote from: 2Kool4Skewl on March 08, 2014, 02:36:49 AM

This was flawed because of the network topology issue of knowing which nodes are online. The only work around I can think of is to keep a master list that is broadcast to every node which lists all the nodes seen online in the last 24 hours. Then these nodes would be rewarded.

Nodecoin will provide realtime positive feedback to forging nodes. No need to change NXTcore

Fatih87SK

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Activity: 616

Merit: 500

Quote from: pinarello on March 08, 2014, 08:08:01 AM

Quote from: Mario123 on March 08, 2014, 08:05:46 AM

Quote from: zorke on March 08, 2014, 07:39:03 AM

Quote from: pinarello on March 08, 2014, 05:40:11 AM

https://bitcointalksearch.org/topic/m.5543952

Well than we need to market this and to make this our primary client for the newcomers. We need to upload link to this client everywhere and make it least confusing for all of the newcomers. Can this be put up at the first page as our main client?

We need to get rid of this "don't go there this is just for geeks" behavior with all the newcomers and non-tech people.

I will update mynxt.org with one standard client and link to nxtclients.org for more options, so there will be no confusion.

All please remind the client is only for testing in testnet as of now. (dont use real accounts!)

we can use it full when it is integrated by J-L in the software.

Yesss..

Still waiting for that. Then we can finally market the client.

CIYAM

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Ian Knowles - CIYAM Lead Developer

Quote from: gs02xzz on March 08, 2014, 08:18:39 AM

Is the issue all about the speed of tx? If we want higher speed we have to use less nodes or hubs with better equipments. If we want lower speed we can have more small nodes running with cheaper equipments. How about security? Which one has more security for the network?

This could be more interesting when we consider the "parallel chains" idea.

Perhaps we can "have our cake and eat it to" by having say an NHS (NXT high speed) parallel chain that is only being forged by powerful hubs capable of handling huge amounts of TPM whilst the main part of the network could be forging standard NXT on low-grade hardware.

gs02xzz

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Quote from: CIYAM on March 08, 2014, 05:06:48 AM

Quote from: bitcoinpaul on March 08, 2014, 05:01:12 AM

I don't know if his idea is a good idea. Could we discuss possible routes and the implications for Nxt, please.

In my opinion the concept of TF is mostly a good one (i.e. to get a very large tx throughput) so I would think that the first thing is for the community to decide whether it agrees with that or not (all other decisions really depend upon this one).

If as a community with think it's more important to have people forging with Raspberry Pis then we would be scrapping TF altogether (realistically it is *one or the other* even though marketing people want to have both).

Is the issue all about the speed of tx? If we want higher speed we have to use less nodes or hubs with better equipments. If we want lower speed we can have more small nodes running with cheaper equipments. How about security? Which one has more security for the network?

timmyd

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Please dont feed the mule lol

Come-from-Beyond

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Newbie

Quote from: ChuckOne on March 08, 2014, 07:59:08 AM

There are no other nodes beyond the firewall can check the slavechain. They would need to rely blindly on the Chinese nodes.

I'm afraid we can't solve problems related to disjoint networks.

pinarello

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Activity: 266

Merit: 100

NXT is the future

Quote from: Mario123 on March 08, 2014, 08:05:46 AM

Quote from: zorke on March 08, 2014, 07:39:03 AM

Quote from: pinarello on March 08, 2014, 05:40:11 AM

https://bitcointalksearch.org/topic/m.5543952

Well than we need to market this and to make this our primary client for the newcomers. We need to upload link to this client everywhere and make it least confusing for all of the newcomers. Can this be put up at the first page as our main client?

We need to get rid of this "don't go there this is just for geeks" behavior with all the newcomers and non-tech people.

I will update mynxt.org with one standard client and link to nxtclients.org for more options, so there will be no confusion.

All please remind the client is only for testing in testnet as of now. (dont use real accounts!)

we can use it full when it is integrated by J-L in the software.

Mario123

full member

Activity: 154

Merit: 100

Quote from: zorke on March 08, 2014, 07:39:03 AM

Quote from: pinarello on March 08, 2014, 05:40:11 AM

https://bitcointalksearch.org/topic/m.5543952

Well than we need to market this and to make this our primary client for the newcomers. We need to upload link to this client everywhere and make it least confusing for all of the newcomers. Can this be put up at the first page as our main client?

We need to get rid of this "don't go there this is just for geeks" behavior with all the newcomers and non-tech people.

I will update mynxt.org with one standard client and link to nxtclients.org for more options, so there will be no confusion.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: Come-from-Beyond on March 08, 2014, 07:33:37 AM

Quote from: ChuckOne on March 08, 2014, 07:09:19 AM

How can such a prove look like? (I am thinking of the case of a Chinese coin behind the firewall)

No need to prove. If other nodes disagree with this checkpoint they will just reject such a block in Master chain.

There are no other nodes beyond the firewall can check the slavechain. They would need to rely blindly on the Chinese nodes.

Jerical13

full member

Activity: 266

Merit: 100

Quote from: jl777 on March 07, 2014, 09:26:34 PM

Quote from: mcjavar on March 07, 2014, 09:20:12 PM

Quote from: Damelon on March 07, 2014, 09:13:15 PM

Coinpayments is closing down: https://www.coinpayments.net

What was this site for?

Processing bitcoin payments. USA's FinCen says they have authority over bitcoin and any company that touches it is a money transmitter. Now bitcoin is as troublesome as fiat in America. Isnt America nice

So, now you need at least $5 million to operation in USA, before you can even start. maybe you can choose a few states to lower the compliance cost, but every state has their own rules, add the federal stuff on top and the war on bitcoin escalates.

James

Good side is they are taking the view that cryptos are money. Which is a really good thing.

Also, these policies will make it more difficult to convert fiat to crypto; But it will also create incentive to keep personal purchasing power in cryptos as opposed to converting crypto to fiat. In the long term I think this may be beneficial to the crypto market as any crypto is a better product than any fiat. These policies will retard the spread of cryptos initially but once peole are in, they will stay in.

pandaisftw

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Activity: 224

Merit: 100

Thanks for answering my questions cfb! Grin

antanst

sr. member

Activity: 294

Merit: 260

Quote from: Come-from-Beyond on March 08, 2014, 07:37:44 AM

Quote from: antanst on March 08, 2014, 07:35:08 AM

Will those changes affect the high-level NRS api?

I think yes.

Ok. I'm sure you know that sweeping changes to the API are detrimental to the development of services on top of NXT.

I'm not saying this is the wrong way to go, in fact I don't even believe I should have a saying on this. IMHO the developers should not even consult the "community" and just proceed with developing the features they deem necessary and important. This project lacks leadership at it stands.

We would appreciate, however, an announcement beforehand when/if the API breaks.

Daedelus

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Activity: 574

Merit: 500

Quote from: Daedelus on March 08, 2014, 07:36:29 AM

TestNXT to 2299216276842660095 please, if there are any left.

+100000000 to btc2nxt for giving us crypto noobs some useful and structured things to try on the AE. Though, I will still have to create and transfer 50 "honks" to the owner of "boobs"... no apologies.

Less of the sniping at each other please, I thought Emule was gaining some traction a few pages back. If you are feeling down and dejected, simply take a break. We will still be here when you get back Wink

For everyone else, let's get on it people!

Re-phrased. I'm a crypto/software noob not a newcomer, I've read every word from page 680ish? (EpicThomas fallout and the rise of RickyJames). The roller coaster continues...

Come-from-Beyond

legendary

Activity: 2142

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Newbie

I forgot to tell that Master chain must be visible to everyone and be forged by everyone. It's a point of synchronization.

zorke

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Activity: 238

Merit: 100

Quote from: pinarello on March 08, 2014, 05:40:11 AM

Quote from: zorke on March 08, 2014, 05:32:46 AM

Quote from: pinarello on March 08, 2014, 05:20:38 AM

Quote from: zorke on March 08, 2014, 05:01:54 AM

Quote from: pinarello on March 08, 2014, 04:59:56 AM

Quote from: zorke on March 08, 2014, 04:56:36 AM

What is an ETA for Wesleys one click installer client? This is an absolute priority.

The client is there and working perfect, tested it over and over.

I think it will be integrated by J-L in the first new version that comes out.

Yes but is it a one click installer for new people?

If we have that than we need to push it and market it to the newcomers.

Wesleyh has a windows app, just unzip and run.

You can even install it on USB stick and run it from there.

Link please?

https://bitcointalksearch.org/topic/m.5543952

Well than we need to market this and to make this our primary client for the newcomers. We need to upload link to this client everywhere and make it least confusing for all of the newcomers. Can this be put up at the first page as our main client?

We need to get rid of this "don't go there this is just for geeks" behavior with all the newcomers and non-tech people.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: antanst on March 08, 2014, 07:35:08 AM

Will those changes affect the high-level NRS api?

I think yes.

Daedelus

hero member

Activity: 574

Merit: 500

TestNXT to 2299216276842660095 please, if there are any left.

+100000000 to btc2nxt for giving us newcomers some useful and structured things to try on the AE. Though, I will still have to create and transfer 50 "honks" to the owner of "boobs"... no apologies.

Less of the sniping at each other please, I thought Emule was gaining some traction a few pages back. If you are feeling down and dejected, simply take a break. We will still be here when you get back Wink

For everyone else, let's get on it people!

antanst

sr. member

Activity: 294

Merit: 260

Quote from: Come-from-Beyond on March 08, 2014, 06:09:35 AM

RFC: Parallel Chains concept

Only TL;DR version, coz noone would read a full one.

Master Chain

Contains only checkpoints of all slave chains. Checkpointing is done once a day and only when 1440 blocks r built on top of the corresponding slave chain. Master chain is never pruned. Growth rate is [32 bytes * numberOfSlaveChain] per day.

Slave Chains

Contains only 1 type of transactions. Different currencies can be implemented as different chains. Forgers can choose what chains to secure. The market balances TPS rate.

Migration plan

Create slave chains that implement all transactions types existing in Nxt. Add a new type for checkpointing. Reject attempts to include non-checkpointing transactions into the master chain.

Side-effects

The Chinese could use a separate currency inside their borders for very high TPS rates. Only checkpointing transactions have to bypass Great Firewall of China. Speculators provide currency exchange service - the business they love to do. NXTs become "tokens", users buy them for fiat to spend for fees, it's similar to prepaid coupons/tickets for provided services.

Will those changes affect the high-level NRS api?

Topic: NXT :: descendant of Bitcoin - Updated Information - page 463. (Read 2761650 times)