NXT :: descendant of Bitcoin - Updated Information - page 476.

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: Meizirkki on March 07, 2014, 06:02:13 PM

Alrighty then

By the way, is it possible to implement a forum feature in nxt? Imagine we could have this thread inside the system! Tho the message fee should be 0.01 or less otherwise we'll only hear from those who have something important to say Grin

great idea!

Meizirkki

hero member

Activity: 616

Merit: 500

Quote from: S3MKi on March 07, 2014, 06:01:07 PM

I spent about 3000NXT to promote Nxt for russian speaking people in vk.com by http://vk.com/cryptonxt. If u can donate 5552153634766291106

How did you manage to spend all that?

Meizirkki

hero member

Activity: 616

Merit: 500

Alrighty then

By the way, is it possible to implement a forum feature in nxt? Imagine we could have this thread inside the system! Tho the message fee should be 0.01 or less otherwise we'll only hear from those who have something important to say Grin

EDIT: Probably not a good idea to implement a forum in nxt but can the message fee be lowered while keeping minimum transaction fee at 1nxt?

S3MKi

legendary

Activity: 1540

Merit: 1016

I spent about 3000NXT to promote Nxt for russian speaking people in vk.com by http://vk.com/cryptonxt. If u can donate 5552153634766291106

mcjavar

hero member

Activity: 784

Merit: 500

Quote from: Meizirkki on March 07, 2014, 05:35:09 PM

Is it safe to use weshleys awesome interface in the main net?

EDIT: More importantly, with a real account.

We haven´t heard about issues so far.

klee

legendary

Activity: 1498

Merit: 1000

Quote from: jl777 on March 07, 2014, 03:25:11 PM

Quote from: Come-from-Beyond on March 07, 2014, 03:21:45 PM

Quote from: bitcoinpaul on March 07, 2014, 03:05:33 PM

James is a machine.

I want this thing that he smokes too.

What do you think of NXTmixer? Let us assume we can ignore quantum computers that can peek inside the encrypted data. With everybody broadcasting, there is no time based correlations. I could even make it so everybody has to send the same multiple of 100NXT, but I dont think that is necessary.

What am I missing? I couldnt have come up with a working mixer in a day?!

James

Please ask AnonyMint to audit everything you do (NXTcash and/or mixing related)...

EDIT: I only trust him for this (he is totally paranoid regarding anonymity)

v39453

newbie

Activity: 22

Merit: 0

Quote from: msin on March 07, 2014, 05:07:27 PM

Quote from: v39453 on March 07, 2014, 04:01:50 PM

I didn't understand what buyer/seller verified means.

What I mean is that when you are leaving feedback via AM, you will be required to enter a Tx id, where the sender (buyer's) account must match your account # and the receiving account must match the account where you are sending the feedback AM (the sellers account). If those match up, the feedback is sent via AM.

Quote from: v39453 on March 07, 2014, 04:01:50 PM

I'm wondering if escrow/reputation is the best model for the SR type use case, and if there could be an alternative model.
Would the names of products and quantities sold be publicly available on the blockchain? Somehow I think this will draw unwanted attention.

Nothing would show up on the blockchain except the amounts of Nxt and the public feedback, all other messages would be encrypted.

Quote from: v39453 on March 07, 2014, 04:01:50 PM

How would disputes be resolved? Outsiders can't know if the seller has sent the product. Either the seller or buyer can try to scam.

With Escrow AT, you would send your Nxt to seller via AT, at which point the Nxt is committed and you have two choices, release the funds to the seller or release the funds to the genesis block or charity (whereas neither party would benefit). You wouldn't have the choice to get them back and the seller wouldn't have incentive to scam you since the funds would go elsewhere if you don't get your product.

Quote from: v39453 on March 07, 2014, 04:01:50 PM

Seller can sell to himself and give good feedback.

Yes, but they would have to go through the trouble of sending Nxt, leaving feedback, and it would all be traceable, and there would be no purpose with Escrow AT.

So this is a burn escrow, which doesn't need outsiders to resolve disputes. And it doesn't use the asset exchange, because sales are not public.

I didn't understand how the buyer finds the sellers and the products to be sold.

Meizirkki

hero member

Activity: 616

Merit: 500

Is it safe to use weshleys awesome interface in the main net?

EDIT: More importantly, with a real account.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: TwinWinNerD on March 07, 2014, 05:16:38 PM

Quote from: msin on March 07, 2014, 05:13:03 PM

Quote from: TwinWinNerD on March 07, 2014, 05:03:55 PM

@CFB/JLC How hard would it be, to implement, that a node can only effectively forge with 1.000.000 NXT? Meaning that if you have 5 accounts with 200.000 you can run them on one node, but if you have 1 account with 2.000.000 NXT you will need to open that account on two nodes to fully get the forging power?

I've always liked this idea. Large Nxt holders don't really care about forging, they will make their money with their holdings. This would also encourage large holders to run multiple nodes. It levels the playing field for those under 1M.

Yeah it grows on me too. I can't find the downside on this method. This can even be lowered in the future when NXT tx volume gets bigger

Yeah, perhaps it could be programmed into Nxt to decrease with block height, eventually reaching 1Nxt. I would love to see a guy with 1Nxt have the ability to forge a large block.

igmaca

full member

Activity: 168

Merit: 100

Quote from: TwinWinNerD on March 07, 2014, 05:16:38 PM

Quote from: msin on March 07, 2014, 05:13:03 PM

Quote from: TwinWinNerD on March 07, 2014, 05:03:55 PM

@CFB/JLC How hard would it be, to implement, that a node can only effectively forge with 1.000.000 NXT? Meaning that if you have 5 accounts with 200.000 you can run them on one node, but if you have 1 account with 2.000.000 NXT you will need to open that account on two nodes to fully get the forging power?

I've always liked this idea. Large Nxt holders don't really care about forging, they will make their money with their holdings. This would also encourage large holders to run multiple nodes. It levels the playing field for those under 1M.

Yeah it grows on me too. I can't find the downside on this method. This can even be lowered in the future when NXT tx volume gets bigger

better this

share fee group (share fee pool or share fee Hubs) and limiting forging power of an account to 1.000.000 Nxt coin maximum . this means 1.000 nodes to ensure minimum network

Extremely decentralized network (in the exemple 30.000 Nodes) and therefore very secure network
Small accounts motivated to participate in forging (In the exemple 100 Nxt account is forging every day not every 10 year)
rich and poor have the same chance to forge because everybody forge everyday!!!!

Quote

I really like this idea because your node still has to be online to be part of the shared group.
It retains the decentralisation and number of nodes.
Forging is a bit like bingo/lottery anyway rather than mining and it smooths out the impact of penalty and people pool hopping if the pool was based on a single node...
So generally in stead of buying a single big ticket you are offering to share your ticket and any winnings with lots of others and vice versa
Penalties would only affect the nodes in the shared pool an would not take huge chunks of NXT out of the forging balance in one go by taking a whole pool out.
Logged

zorke

full member

Activity: 238

Merit: 100

Quote from: TwinWinNerD on March 07, 2014, 04:49:15 PM

Quote from: zorke on March 07, 2014, 03:51:53 PM

Guys what about the distribution?
Somebody was revealing top 60 accounts holdings spreadsheet a month ago for a week or so. Did the distribution change any since? It is well obvious that we have whales unloading and keeping the price down for last couple of weeks.
It would be interesting to see these distribution numbers at the moment.

It got not MUCH better, but better indeed!

Thanks,

Well 3% is not that bad and the price is the same as it was on January 26th. That means that we are doing something right here however. I mean it is a long way and our IPO distribution was far from perfect but we will get there. However it will be a slow and long process.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: msin on March 07, 2014, 05:13:03 PM

Quote from: TwinWinNerD on March 07, 2014, 05:03:55 PM

@CFB/JLC How hard would it be, to implement, that a node can only effectively forge with 1.000.000 NXT? Meaning that if you have 5 accounts with 200.000 you can run them on one node, but if you have 1 account with 2.000.000 NXT you will need to open that account on two nodes to fully get the forging power?

I've always liked this idea. Large Nxt holders don't really care about forging, they will make their money with their holdings. This would also encourage large holders to run multiple nodes. It levels the playing field for those under 1M.

Yeah it grows on me too. I can't find the downside on this method. This can even be lowered in the future when NXT tx volume gets bigger

msin

legendary

Activity: 1470

Merit: 1004

Quote from: TwinWinNerD on March 07, 2014, 05:03:55 PM

@CFB/JLC How hard would it be, to implement, that a node can only effectively forge with 1.000.000 NXT? Meaning that if you have 5 accounts with 200.000 you can run them on one node, but if you have 1 account with 2.000.000 NXT you will need to open that account on two nodes to fully get the forging power?

I've always liked this idea. Large Nxt holders don't really care about forging, they will make their money with their holdings. This would also encourage large holders to run multiple nodes. It levels the playing field for those under 1M.

Asian Prepper

member

Activity: 112

Merit: 10

Quote from: farl4web on March 07, 2014, 04:21:15 PM

Quote from: Asian Prepper on March 07, 2014, 10:57:50 AM

It will get better :-)

Tai Zen

You're doing great! Nxt has a lot to thank to you!

thanks! lol

msin

legendary

Activity: 1470

Merit: 1004

Quote from: v39453 on March 07, 2014, 04:01:50 PM

I didn't understand what buyer/seller verified means.

What I mean is that when you are leaving feedback via AM, you will be required to enter a Tx id, where the sender (buyer's) account must match your account # and the receiving account must match the account where you are sending the feedback AM (the sellers account). If those match up, the feedback is sent via AM.

Quote from: v39453 on March 07, 2014, 04:01:50 PM

I'm wondering if escrow/reputation is the best model for the SR type use case, and if there could be an alternative model.
Would the names of products and quantities sold be publicly available on the blockchain? Somehow I think this will draw unwanted attention.

Nothing would show up on the blockchain except the amounts of Nxt and the public feedback, all other messages would be encrypted.

Quote from: v39453 on March 07, 2014, 04:01:50 PM

How would disputes be resolved? Outsiders can't know if the seller has sent the product. Either the seller or buyer can try to scam.

With Escrow AT, you would send your Nxt to seller via AT, at which point the Nxt is committed and you have two choices, release the funds to the seller or release the funds to the genesis block or charity (whereas neither party would benefit). You wouldn't have the choice to get them back and the seller wouldn't have incentive to scam you since the funds would go elsewhere if you don't get your product.

Quote from: v39453 on March 07, 2014, 04:01:50 PM

Seller can sell to himself and give good feedback.

Yes, but they would have to go through the trouble of sending Nxt, leaving feedback, and it would all be traceable, and there would be no purpose with Escrow AT.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

@CFB/JLC How hard would it be, to implement, that a node can only effectively forge with 1.000.000 NXT? Meaning that if you have 5 accounts with 200.000 you can run them on one node, but if you have 1 account with 2.000.000 NXT you will need to open that account on two nodes to fully get the forging power?

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: bidji29 on March 07, 2014, 04:59:02 PM

I think the graph would be more representative if you don't count the exchange adresses

look at the right collom. There is the top 60 without exchange accounts!

igmaca

full member

Activity: 168

Merit: 100

Quote from: salsacz on March 07, 2014, 02:29:47 PM

Quote from: igmaca on March 07, 2014, 12:51:43 PM

needs a content:

Quote

Here I propose a ternary paradox, that the natures of decentralization, security and environment protection constitute an impossible trinity. (Graph 2) A crypto-currency which is both environmentally-friendly and secured would definitely need to be centralized, like PPcoin, Nextcoin and Ripple. These coins either contain aspects of centralized structure, or their decentralized structure is not sustainable, with a Paypal-like centralized verification mechanism. A crypto-currency which is both environmentally-friendly and decentralized would be unsecured, like P2P currencies of ‘one-IP-address-one-vote,’ which are already excluded by Satoshi. He believed that if the majority were based on ‘one-IP-address-one-vote,’ it could be subverted by anyone able to allocate many IPs.5 If one designs a secured decentralized currency, it must come with the cost of consuming energy and calculation power. PoW is the first solution to construct a verification system in the form of decentralization, and will probably be the only one.

http://cryptocoinupdates.com/the-impossible-trinity-security-environment-protection-and-decentralization/

with share fee pools this not occurs.

share fee group (share fee pool or share fee Hubs) and limiting forging power of an account to 1.000.000 Nxt coin maximum . this means 1.000 nodes to ensure minimum network

Extremely decentralized network (in the exemple 30.000 Nodes) and therefore very secure network
Small accounts motivated to participate in forging (In the exemple 100 Nxt account is forging every day not every 10 year)
rich and poor have the same chance to forge because everybody forge everyday!!!!

Quote

I really like this idea because your node still has to be online to be part of the shared group.
It retains the decentralisation and number of nodes.
Forging is a bit like bingo/lottery anyway rather than mining and it smooths out the impact of penalty and people pool hopping if the pool was based on a single node...
So generally in stead of buying a single big ticket you are offering to share your ticket and any winnings with lots of others and vice versa
Penalties would only affect the nodes in the shared pool an would not take huge chunks of NXT out of the forging balance in one go by taking a whole pool out.
Logged

bidji29

sr. member

Activity: 392

Merit: 250

I think the graph would be more representative if you don't count the exchange adresses

Emule

full member

Activity: 168

Merit: 100

Quote from: TwinWinNerD on March 07, 2014, 04:49:15 PM

Quote from: zorke on March 07, 2014, 03:51:53 PM

Guys what about the distribution?
Somebody was revealing top 60 accounts holdings spreadsheet a month ago for a week or so. Did the distribution change any since? It is well obvious that we have whales unloading and keeping the price down for last couple of weeks.
It would be interesting to see these distribution numbers at the moment.

It got not MUCH better, but better indeed!

sorry fellows only 60 people will get rich rest are bagholders. whales holding price at 0.00007 till sell off starts and they aal look for the exit, but it will be to small Grin

Topic: NXT :: descendant of Bitcoin - Updated Information - page 476. (Read 2761650 times)