NXT :: descendant of Bitcoin - Updated Information - page 686.

2Kool4Skewl

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Activity: 644

Merit: 250

Quote from: bitcoinpaul on February 25, 2014, 05:17:09 AM

Wiki

Quote

A hallmark is a "stamp of approval" for a Nxt node. By creating a digital signature based on your IP address and secret passphrase (private key), you are verifying that your account "owns" a node and is accountable for it. This helps protect the network from attack, and increases the network's trust in your node. You do not need to generate a hallmark if you are a casual Nxt user. It is a very good idea for those who operate public Nxt nodes on dedicated, public servers. Hallmarks have no impact on forging.

Since running a hallmark right now brings no more than having no hallmark, your idea sounds good.

Could there be any downside of this, other than forging nodes get less?

Hallmarking does not give you additional forging power. It was originally implemented to prevent zombie node attacks.

The only "downside" of this, that I can think of, is that forging nodes get less.

Jean-Luc

sr. member

Activity: 392

Merit: 250

Quote from: redsn0w on February 25, 2014, 04:23:13 AM

Quote from: ^[GS]^ on February 25, 2014, 04:19:23 AM

How I can stop the server 0.8.x safely?
pkill -9 java? :S

Code:

kill -9 #ID PROCESS

No, no, no, don't do that! There is nothing safe about kill -9. You have to use kill -15, and should see "Database shutdown completed" in the log before shutdown.

igmaca

full member

Activity: 168

Merit: 100

Quote from: igmaca on February 25, 2014, 05:03:18 AM

Quote from: igmaca on February 25, 2014, 04:55:45 AM

Quote from: bitcoinpaul on February 25, 2014, 04:43:57 AM

Quote from: igmaca on February 25, 2014, 04:38:19 AM

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt one goes

The smaller accounts 100000 nxt expressly not want to be grouped go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves that small accounts are equally motivated to forge that big.

I don't quite get your english Huh

If you want to make differentiation of how big the accounts are and what fees they are getting, then the following will happen:

The big accounts divide their accounts, smaller divide their accounts, every one divides their accounts an in the end we have 1,000,000,000 accounts. And now tell me, what has changed?

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt go alone

The smaller accounts 100000 nxt expressly not want to be grouped go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging proportionally.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves as small accounts are equally motivated to forge as big ones.

divided into smaller accounts does not change your chances of forging only depends on the nxt you have.

My proposal causes everyone receives fees every 2 3 days maximum one week.

Translated into numbers

if a block has 256 transactions
and 1440 blocks are generated each day

a bag (grouping of accounts) with 100000 nxt generated 52.6 blocks per year
if a Nxt equals 1 Dollar
Blocks 52.6 x 256 = 13,455, dollar per year

in the worst case nearly every week 256 dollar received a bag (grouping of accounts) with 100000 nxt

Bob would receive the ratio as a function of the nxt he had in the bag.

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Wiki

Quote

A hallmark is a "stamp of approval" for a Nxt node. By creating a digital signature based on your IP address and secret passphrase (private key), you are verifying that your account "owns" a node and is accountable for it. This helps protect the network from attack, and increases the network's trust in your node. You do not need to generate a hallmark if you are a casual Nxt user. It is a very good idea for those who operate public Nxt nodes on dedicated, public servers. Hallmarks have no impact on forging.

Since running a hallmark right now brings no more than having no hallmark, your idea sounds good.

Could there be any downside of this, other than forging nodes get less?

marek3ball

full member

Activity: 180

Merit: 100

Quote from: bitcoinpaul on February 25, 2014, 04:43:57 AM

Quote from: igmaca on February 25, 2014, 04:38:19 AM

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt one goes

The smaller accounts 100000 nxt expressly not want to be grouped go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves that small accounts are equally motivated to forge that big.

I don't quite get your english Huh

If you want to make differentiation of how big the accounts are and what fees they are getting, then the following will happen:

The big accounts divide their accounts, smaller divide their accounts, every one divides their accounts an in the end we have 1,000,000,000 accounts. And now tell me, what has changed?

Real world example:
When you turn on TV you will expect to see in 2 second some moving pictures.
Now imagine that you will have TV where you must wait 50 years before your favorite TV series will start.

This 50 years situation is today's situation with forging.
Automated grouping, Shared Forging, Leased Forging will show some progress in forging every day. Nobody will get rich from this, but it is about "It's good, I see every day what I forged" it is working and I will continue.

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Quote from: pinarello on February 25, 2014, 05:12:04 AM

NXT would be more sexy if price was higher.

As it rise it would atract attention of new investors. But sadly some whale(s) decide to sell on each price no matter what.

If price was 0.001 or so it would get on some radars, but whales do not allow price to rise.

HODL!

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Quote from: redsn0w on February 25, 2014, 05:06:50 AM

Quote from: 2Kool4Skewl on February 25, 2014, 05:04:58 AM

Quote from: bitcoinpaul on February 25, 2014, 05:02:13 AM

Quote from: 2Kool4Skewl on February 25, 2014, 04:57:52 AM

Assuming the NXT network is at 10% utilization, each block will have 25.6 NXT transaction fees. ( 256 tx per block * 1 NXT tx fee * 10% = 25.6 NXT) Half of this, 12.8 NXT, gets rewarded to the hallmarked nodes' accounts supporting the network. At one block per minute, 18432 NXT will be distributed to all hallmarked node accounts per day assuming 10% network utilization. If there are 1000 hallmarked nodes on the network, each node will earn 18.432 NXT per day and 6727.68 NXT per year.

As more transactions are issued on the network, more hallmarked nodes will come on-line to partake in earning the node reward.

Let's talk about the idea first before we get into numbers (because the idea should withstand changes in these numbers. And I want to get it right).

- We are now talking about incentives for hallmarked nodes
- You propose that we split block fees between the forger and the hallmarked nodes

Ok?

Yes, that is what I am proposing.

your idea is fantastic .....

Thank you. Let's see what Come-from-Beyond, Jean-Luc and CIYAM think about it.

Jean-Luc

sr. member

Activity: 392

Merit: 250

Quote from: wesleyh on February 25, 2014, 03:48:11 AM

@jean-luc

NRS is generating errors constantly. See the console in chrome.

Refused to set unsafe header "Content-length" (index):1
46
Refused to set unsafe header "Content-length"

Hundreds of these errors after a few minutes.

This is also why I can't release an update to NxtMac - apparently the safari version included in cocoa does not like these errors at all and does not show any output (peers, blocks, etc).

Please fix.

I will remove the setting of this header. There were no such errors in firefox. And I just copied that from an example about how to do POST with XMLHttpRequest I found on the web... I guess another obsolete or wrong advice:
http://www.openjs.com/articles/ajax_xmlhttp_using_post.php
I first tried submitting the forms in admin.html directly using send(new FormData(form)), but this didn't work, couldn't figure out why. So I had to manually encode the parameters and set request headers.

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

Quote from: pinarello on February 25, 2014, 05:12:04 AM

NXT would be more sexy if price was higher.

As it rise it would atract attention of new investors. But sadly some whale(s) decide to sell on each price no matter what.

If price was 0.001 or so it would get on some radars, but whales do not allow price to rise.

Retweeted.

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

NXT would be more sexy if price was higher.

As it rise it would atract attention of new investors. But sadly some whale(s) decide to sell on each price no matter what.

If price was 0.001 or so it would get on some radars, but whales do not allow price to rise.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: 2Kool4Skewl on February 25, 2014, 05:04:58 AM

Quote from: bitcoinpaul on February 25, 2014, 05:02:13 AM

Quote from: 2Kool4Skewl on February 25, 2014, 04:57:52 AM

Assuming the NXT network is at 10% utilization, each block will have 25.6 NXT transaction fees. ( 256 tx per block * 1 NXT tx fee * 10% = 25.6 NXT) Half of this, 12.8 NXT, gets rewarded to the hallmarked nodes' accounts supporting the network. At one block per minute, 18432 NXT will be distributed to all hallmarked node accounts per day assuming 10% network utilization. If there are 1000 hallmarked nodes on the network, each node will earn 18.432 NXT per day and 6727.68 NXT per year.

As more transactions are issued on the network, more hallmarked nodes will come on-line to partake in earning the node reward.

Let's talk about the idea first before we get into numbers (because the idea should withstand changes in these numbers. And I want to get it right).

- We are now talking about incentives for hallmarked nodes
- You propose that we split block fees between the forger and the hallmarked nodes

Ok?

Yes, that is what I am proposing.

your idea is fantastic .....

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Quote from: bitcoinpaul on February 25, 2014, 05:02:13 AM

Quote from: 2Kool4Skewl on February 25, 2014, 04:57:52 AM

Assuming the NXT network is at 10% utilization, each block will have 25.6 NXT transaction fees. ( 256 tx per block * 1 NXT tx fee * 10% = 25.6 NXT) Half of this, 12.8 NXT, gets rewarded to the hallmarked nodes' accounts supporting the network. At one block per minute, 18432 NXT will be distributed to all hallmarked node accounts per day assuming 10% network utilization. If there are 1000 hallmarked nodes on the network, each node will earn 18.432 NXT per day and 6727.68 NXT per year.

As more transactions are issued on the network, more hallmarked nodes will come on-line to partake in earning the node reward.

Let's talk about the idea first before we get into numbers (because the idea should withstand changes in these numbers. And I want to get it right).

- We are now talking about incentives for hallmarked nodes
- You propose that we split block fees between the forger and the hallmarked nodes

Ok?

Yes, that is what I am proposing.

igmaca

full member

Activity: 168

Merit: 100

Quote from: igmaca on February 25, 2014, 04:55:45 AM

Quote from: bitcoinpaul on February 25, 2014, 04:43:57 AM

Quote from: igmaca on February 25, 2014, 04:38:19 AM

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt one goes

The smaller accounts 100000 nxt expressly not want to be grouped go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves that small accounts are equally motivated to forge that big.

I don't quite get your english Huh

If you want to make differentiation of how big the accounts are and what fees they are getting, then the following will happen:

The big accounts divide their accounts, smaller divide their accounts, every one divides their accounts an in the end we have 1,000,000,000 accounts. And now tell me, what has changed?

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt go alone

The smaller accounts 100000 nxt expressly not want to be grouped go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging proportionally.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves as small accounts are equally motivated to forge as big ones.

divided into smaller accounts does not change your chances of forging only depends on the nxt you have.

My proposal causes everyone receives fees every 2 3 days maximum one week.

Translated into numbers

if a block has 256 transactions
and 1440 blocks are generated each day

a bag (grouping of accounts) with 100000 nxt generated 52.6 blocks per year
if a Nxt equals 1 Dollar
Blocks 52.6 x 256 = 13,455, dollar per year

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: 2Kool4Skewl on February 25, 2014, 04:57:52 AM

Assuming the NXT network is at 10% utilization, each block will have 25.6 NXT transaction fees. ( 256 tx per block * 1 NXT tx fee * 10% = 25.6 NXT) Half of this, 12.8 NXT, gets rewarded to the hallmarked nodes' accounts supporting the network. At one block per minute, 18432 NXT will be distributed to all hallmarked node accounts per day assuming 10% network utilization. If there are 1000 hallmarked nodes on the network, each node will earn 18.432 NXT per day and 6727.68 NXT per year.

As more transactions are issued on the network, more hallmarked nodes will come on-line to partake in earning the node reward.

Let's talk about the idea first before we get into numbers (because the idea should withstand changes in these numbers. And I want to get it right).

- We are now talking about incentives for hallmarked nodes
- You propose that we split block fees between the forger and the hallmarked nodes

Ok?

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Quote from: 2Kool4Skewl on February 25, 2014, 02:15:27 AM

Quote from: 2Kool4Skewl on February 25, 2014, 12:58:16 AM

NXT users should be rewarded for forging or running a node. How about after fractional amounts are implemented, we split the transaction rewards 50/50 between the account forging and the NXT nodes that are hallmarked. Every time a block is found, half of the transaction fees are credited evenly to the hallmarked nodes.

Let's say 1000 hallmarked nodes are on the network. A block is found that has 10 NXT transaction fee. The forging account gets 5 NXT. The other 5 NXT gets divided up and distributed to the 1000 accounts running on hallmarked nodes. Each node's hallmarked account would get 5/1000 = 0.005 NXT. The 0.005 NXT would not be broadcast as a transaction, but simply credited to the account.

This would allow smaller accounts to provide a service for NXT, running a node, and get rewarded consistently at the same time.

I do not think accounts should be penalized for not forging. NXT should reward people and not penalize them.

Assuming the NXT network is at 10% utilization, each block will have 25.6 NXT transaction fees. ( 256 tx per block * 1 NXT tx fee * 10% = 25.6 NXT) Half of this, 12.8 NXT, gets rewarded to the hallmarked nodes' accounts supporting the network. At one block per minute, 18432 NXT will be distributed to all hallmarked node accounts per day assuming 10% network utilization. If there are 1000 hallmarked nodes on the network, each node will earn 18.432 NXT per day and 6727.68 NXT per year.

As more transactions are issued on the network, more hallmarked nodes will come on-line to partake in earning the node reward.

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: bitcoinpaul on February 25, 2014, 04:43:57 AM

The big accounts divide their accounts, smaller divide their accounts, every one divides their accounts an in the end we have 1,000,000,000 accounts edit: and 1,000,000 nodes. And now tell me, what has changed?

Now we have enough nodes. Lets do it Grin

igmaca

full member

Activity: 168

Merit: 100

Quote from: bitcoinpaul on February 25, 2014, 04:43:57 AM

Quote from: igmaca on February 25, 2014, 04:38:19 AM

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt one goes

The smaller accounts 100000 nxt expressly not want to be grouped go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves that small accounts are equally motivated to forge that big.

I don't quite get your english Huh

If you want to make differentiation of how big the accounts are and what fees they are getting, then the following will happen:

The big accounts divide their accounts, smaller divide their accounts, every one divides their accounts an in the end we have 1,000,000,000 accounts. And now tell me, what has changed?

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt go alone

The smaller accounts 100000 nxt expressly not want to be grouped go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging proportionally.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves as small accounts are equally motivated to forge as big ones.

divided into smaller accounts does not change your chances of forging only depends on the nxt you have.

My proposal causes everyone receives fees every 2 3 days maximum one week.

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: mcjavar on February 25, 2014, 04:40:58 AM

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: igmaca on February 25, 2014, 04:38:19 AM

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt one goes

The smaller accounts 100000 nxt expressly not want to be grouped go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves that small accounts are equally motivated to forge that big.

I don't quite get your english Huh

If you want to make differentiation of how big the accounts are and what fees they are getting, then the following will happen:

The big accounts divide their accounts, smaller divide their accounts, every one divides their accounts an in the end we have 1,000,000,000 accounts. And now tell me, what has changed?

mcjavar

hero member

Activity: 784

Merit: 500

Quote from: igmaca on February 25, 2014, 04:38:19 AM

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt one goes

The smaller accounts 100000 nxt expressly not want to be grouped go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves that small accounts are equally motivated to forge that big.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 686. (Read 2761645 times)