Topic: NXT :: descendant of Bitcoin - Updated Information - page 507. (Read 2761624 times)

any date set for launch of AE yet?? or still to be decided?

The one worrisome thing about this Proof Of Stake concept is that it may very well turn out to be like a game of Risk. Where once a player passes a point where they have  a decisive advantage with troops, they quickly dominate the entire game, becoming more dominant with every battle until soon everyone else is slowly and methodically wiped out, or someone flips the board over, whichever comes first.

It seems like this might happen with something like NXT. The large stakeholders gaining the most out of forging, becoming more powerful with every block they win, achieving something of a compounding interest snowball type effect, until only a few big fish remain, sitting on their fat Jaba the Hut asses for the rest of NXT's existence gobbling up all the NXT while everyone else gives up forging at all; the network degrades until the Whales see the writing on the wall and push the SELL button, making NXT just another addition to the isle of coulda-shoulda-woulda.

Anyone likes my idea a Electrum-like passphrase generator to be included in Nxt clients? Today there are two new stories of newbies who had their Nxt stolen because they used a weak password

https://nextcoin.org/index.php/topic,4316.0.html

import org.apache.commons.lang3.RandomStringUtils;

private String generatePassphrase() {
    // No space, backslash, newline, tab
    String symbols = "!\"$%^&*()-_=+[{]};:'@#~|,<.>/?"; //$NON-NLS-1$
    String alphaNum = "abcdefghijklmnopqrstuvwxyzABCDEFGHIJKLMNOPQRSTUVWXYZ01234567890"; //$NON-NLS-1$
    int low = 70;
    int high = 90;
    Random random = new Random();
    int count = random.nextInt(high - low) + low;
    return RandomStringUtils.random(count, symbols + alphaNum);
}

I don't think many people will bother with forging if this is how it is.

The gateways James is working on are multi-sig.  I agree the tx fees are too high.  In Ripple, there are no forging rewards.  You receive nothing for running a rippled server.

If the playoffs ended today and only one system could win, I really would have to go with Ripple. The consensus ledger seems to work pretty well, transactions arrive at the speed of email, it's easy to use for regular people and it has the closest thing to a working decentralized exchange going. It may not be 100% decentralized as far as the server side goes, but at the end of the day are regular people (merchants & consumers) really going to care about that? Most people aren't Libertarian. They just want shit to work and be easy to use.

I'm rooting for NXT I really am, but the inventor has rode off into the sunset without saying goodbye & Tonto is leaving soon & while he's here talks in hints & riddles and vague promises of a 3rd plan, transparent forging/1000 TPS is starting to look like it was a pipe dream all along, The Asset Exchange is cool but sounds awfully similar to what Ripple already has, the transaction fees are still too damn high, forging rewards are way to low & come too slow for all but the richest Nxters. Newbs are confused and meanwhile six or seven serious competitors who don't communicate via a mutli-thousand page thread are getting ready to launch similar systems of their own.

I'm really hoping this thing gets pulled together but I am not so sure as i once was. Still HODLING but also HEGDING.

At first the best date for a launch seemed to be in the beginning of April, coinciding with the release of BCNext's plan and the AT CIYAM is developing, but given the fact that Mastercoin launches it's AE very soon, I think we should move the date forward.

...

the transaction fees are still too damn high, forging rewards are way to low & come too slow for all but the richest Nxters.

...

Nobody seems interested to step up and launch.

I proposed the 13th march, and asked if not some one should step up and take ownership for the launch of AE.

no reactions.

This is weird. One one hand people complain about "fees" being too high, on the other hand they want to make money by "forging" These are contradictory statements.

I don't think many people will bother with forging if this is how it is.

Well I've been at it over 1 month with 10k NXT and haven't seen a single block. Supposedly I'll get 100 Nxt sometime in the next 11 months but in the meantime it sure seems like a waste of time and the longer I wait the less I believe it. It's not about the Nxt for me, I've given away far more than that, but it makes me concerned for the system as a whole as I don't think many people will bother with forging if this is how it is.

If you send the fees to the genesis account you will destroy NXT because you will eventually run out of NXT.

With or without pooled forging, people with more NXT will get more NXT by forging.  People should view NXT as non-depreciating mining equipment.  The more NXT you own, the more NXT you will receive.  I'd rather purchase NXT than an ASIC because an ASIC will depreciate and I will earn less and less with my ASIC.  With my NXT, I will always recieve "MY NXT AMOUNT" / 1,000,000,000 NXT x 100% of the network's transaction fees.

any date set for launch of AE yet?? or still to be decided?