Topic: NXT :: descendant of Bitcoin - Updated Information - page 60. (Read 2761629 times)

yeah, mining Nxt is nice. I see the Nxt mining as a transition from 1.0 crypto to 2.0 crypto. Eventually, mining Nxt will not be profitable, but, right now it is good, because Nxt is really undervalued.

@BrianNowhere: man, how much free time you have in your life at the moment. Recently, I almost only see post from you in this thread.  

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.

Nxt Indirect Mining doesn't involve forging.

The basic steps are:

1) Use mining hardware to mine PumpDumpcoin
2) Sell PumpDumpcoin for BTC
3) Use BTC to buy NXT on an exchange

Therefore you are mining and indirectly getting NXT  

Just a bit curious about the NXT pool: how can the "miners" get their interests if only forging 1 NXT?

You were given the answer many times in this thread.  Look it up yourself. There is no definite percentage as accounts will continue to grow. All we need is that at least some big holders (with more than 300K nxt)  forge, as they get to forge almost all blocks anyway, they need to be honest with no shenanigans, and provide enough bandwidth. Since they have big investment, it's in their self interest to do that.

Nxt survives just by that.

He always seems to have time to answer Emule.

My latest theory. Emule = BCNext.

The question, which I think is important to have a mathematical answer to.

What ratio of existing accounts need to be running an open client for the network to be secure?

My concern is that since small stakeholders do not get NXT (not nodecoin) rewards for running an open client, what will happen
if most of these people lock their clients once Nxt gets widely distributed?

Hypothetical: What if all the Nxt in existence were divided equally amongst 2,000,000 accounts? where each would have 500 Nxt.
What if most of these people didn't open their clients? What would happen?  

According to James if more than a million people locked their clients nxt would be vulnerable. That is until transparent forging is implemented, at which point DDOS attacks to individual nodes becomes the new problem.

Seems the answer is to keep Nxt from getting too widely distributed. God bless the 1%

Just can't stay away, I'm starting to like you  

PS. CFB is orbiting the moon, staging our arrival, and there are certain parts of the day when he's on the dark side, and hence no one hears from him.

I will not search that too-long thread.

Nevertheless, I do not get your question. Could you paraphrase it?

made me smile

Here are the two best answers on the subject I received before yesterday. to the question: "Is there a mathematical known ratio regarding this? ie: For every 10 users 1 needs to be forging?"

to which i then went on to add: "If a significant number of users can keep their clients locked without it being a problem then I am satisfied. I would do it for free."

Two best answers before yesterday:



Offer stands to show where anyone else here has answered my question directly  and told me that the Nxt network will be secure with only large stakeholders forging.
It's a legitimate fucking question. C-F-B always seems to go very very quiet when I ask about this. Would love to get a statement from him.  

Deal. My Acct # is below.

I give you 350 NXT if you leave us.

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.

The closest answer I got before yesterday was James telling me that for X amount of existing nodes X% / needs to be forging and that I should forge if I give a shit about the network. No other person has given me a straight, solid answer on this question before yesterday.

(I lplanned to ogged out permanently yesterday (can't seem to be able to delete the account) but saw this and had to issue the challenge to this bullshit charge) prove me wrong and prove Eadeqa right and win 150 to 200 Nxt.

I can not withdraw my nxt
The  Token is wrong.

That's not true. Your posting format/style and common mistakes have already revealed your real account.
I am not going to post names but it is pretty obvious, in my eyes at least.

And hey, it's ok to have the opinions you have, but you could have posted with your real id in the first place. Nevermind...

http://www.nxtio.org

 

[EDIT] Nxtpool.net started as a forging pool. Now it's for miners.

Guys can I use any special character for a password? And what is a maximal length of a password?

Thanks

nice how did you manage to finish this in a month? or have you been working on it all along?