Topic: NXT :: descendant of Bitcoin - Updated Information - page 59. (Read 2761629 times)

Im sure all the trashtalk of Briannowhere could be locked with one sentence explaining it  mathematically.But people just ignore him.When you solve this he will come with another stupid claim,saying he is legit because he did something for the community.

And dont tell me to be nice with him.I am nice with absolutely everyone, but not with a guy who tries to tilt everyone who is putting much effort here and spend his days creating a bad atmosphere in the thread. I cant believe someone even criticized TwinWinNerD for the escrow, when Brian is just here trying to destroy all your efforts.

The frustration of being unable to forge blocks is justified  (and if one actually does forge, it's peanuts). Not only users with a 23k stake dislike this, 100k/200k/300k's do too. I've heard it countless times. I have about 100k NXT and I do not bother forging to earn more Nxt, I only bother forging for the network itself. Without incentive though, I am not the only one who believes this to be a key issue of the network.  Yes yes, I know, nodecoin is supposed to solve this issue, yet that's kind of a workaround.

Reality is that forging is not profitable at all. The problem is that people misunderstand Nxt's forging model as an actual alternative to "mining". Why? Because it was partially marketed this way: I remember this video comparing heavy mining machines in Iceland with a guy on a boat forging Nxt with his phone.

My understanding is that 51% of ALL stake needs to be running open clients AND be good guys.

How would that be? If people with small amount of nxt don't run nodes, the big holders still get to forge most blocks. How has anything changed? You need one person (or a large group all coordinating together) with  more than 500 million nxt or something to generate more than 10 blocks in a row

Not if the people who hold that percentage Nxt are all small stakeholders (wide distribution) who don't bother to run open clients. Then you've got a security problem.

Why? The rest of billion nxt would be distributed among so many different users, they will never be able to coordinate together to launch a double spending attack (even if individually all are dishonest).

Reality is that forging is not profitable at all. The problem about the forging model is that people misunderstand it as an actual alternative to "mining".

150 ppl holding 150 Million is not half of a 1 billion. You need 351 more millionaires to protect the network.
can there never be pools with Nxt? Everything that's going on today is not what will be going on tomorrow.

We don't have pools, but even if we do, we have like 150 people with over 1 million nxt? As long as some of them are forging, no pool is going to forge 10 blocks in a row anytime soon  

Great.  Doesn't that answer your own question? Not everyone with small amount of nxt is needed as they can't forge anyway.

My account number is below. I ran an open client 24/7 from the day I opened it,  had over 23K a large part of that time and never forged a single block.

I don't believe Brian with 12K nxt ever forger a block (correct me if I am wrong).

I told you this yesterday.

I request you send the 200 NXT to harmony666 please  

150 Nxt goes to the person who can show conclusively that I have been "told this repeatedly", before yesterday, when James finally answered me with a somewhat definitive answer (that still has no mathematical proof), here in these threads or anywhere else.
You get 200 Nxt if you can show C-F-B directly answering me regarding the above question.

Could someone give ME an answer then? Or do I have to go through the whole thread as well?
Is there a percentage? Is it a fixed number of users with a minimum about of NXT?

Self-Interest is also Bitcoin's defense regarding 51% attacks, yet the pooling phenomenon has made this argument more specious.
A malicious agent could pose as a benevolent pool and accumulate enough mining power to take Bitcoin down. Likely? not really. Posible?
Definitely.

As I said, I'll send you 150 Nxt to show me anywhere besides the two posts above and the one from James from yesterday
where someone answered the question directly to me with an actual non-vague and/or dismissive answer. But as usual asking a valid technical question is trolling. I will be logging off permanently soon but had to respond to the FUD you threw out about me. (When people stop talking shit about me I'll stop coming here.) Despite what you've said about me, the only thing i've been told repeatedly is that I'm pest for asking too many questions (yet emule is being courted over to nxtforum.org)

Self-Interest is also Bitcoin's defense regarding 51% attacks, yet the pooling phenomenon has made this argument more specious.
A malicious agent could pose as a benevolent pool and accumulate enough mining power to take Bitcoin down. Likely? not really. Posible?
Definitely.

If i'm a huge business do I want to invest building all or part of my infrastructure around a technology that requires 50% of all stake-holders to run a computer program on their computer 24/7? Is that a mathematically feasible expectation? Is this why BCNext said Nxt will collapse if people don't "cooperate"?

These seem like really reasonable questions to me that I'd think anyone who is trying to get people to invest money in something would be happy to answer. Here it's all  evasiveness and name-calling. It's really fishy.

Btw, how could harmony666 attack the Net? It was something like to prevent some accounts from forging isnt it? Is that issue solved? Why did he come almost as a terrorist and later he was so "friendly"?