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Topic: NXT :: descendant of Bitcoin - Updated Information - page 692. (Read 2761645 times)

legendary
Activity: 1778
Merit: 1043
#Free market
I guess i am missing something, trying to start 0.8.1e on windows, creating a bat file with the following line :

java -jar nxt.jar

the cmd just open and disappear and i can't find any log, anyone has workaround for this ?

Thanks.

Try with this code :


Code:
java -Xmx1024M -cp nxt.jar;lib\*;conf nxt.Nxt
hero member
Activity: 910
Merit: 1000
That's why we need a nice, detailed discussion here.

I think somebody wrote this before: We need to talk about incentives for running a node and incentives for forging.
sr. member
Activity: 644
Merit: 250
If it is the accounts turn to forge and it isn't forging, then yes, something like that?

I'm no dev. I just want this discussion to be more than just a gut feeling thing.

Then preventing an account from forging for 1440 blocks if it goes offline isn't terrible, but this doesn't reward anyone for running a node.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Do you mean they should be prevented from forging for 1440 blocks every time their node goes offline?

I think you still confuse nodes and accounts.

I should have said "account" not "node".

Nodes can be offline.

Accounts cannot forge.

Offline nodes do not offer/receive blocks and transactions to/from peers.

Not-forging accounts do not contribute to finding consensus on what transaction to be verified AKA how much an account has.

The penalty ONLY matters for large accounts that often forges. Because, these accounts are penalized ONLY when TF said they should have forged. So, if your account forges once in a week, you have a very very small risk in shutting down your node for a while.
hero member
Activity: 687
Merit: 500
Interesting, I could see many coins being built with this model in mind, a coin that provides a service, paid for in Nxt, and mined to keep the network strong.

Please note that just "running a node" is not the same as "forging" in terms of "protecting the network".

Although it can help with things like DDoS and for those that are blocked from accessing IP addresses the most important work is that done by "forging nodes" as only those nodes are "confirming transactions".

I don't think that this is a correct description of the relationship between nodes and forgers.
A forgers veryfies transactions and puts all new and valid transactions into his forged block. He then sends broadcasts the block.
Every node is verifying the new block and therefore is verifying all transactions in that block too.
Therefore I think nodes are very important to protect the network.
full member
Activity: 350
Merit: 100
Has anyone tested James' DOGE gateway yet?
newbie
Activity: 35
Merit: 0
Hey Smiley

building upon the Songs of Love fund raising I thought it was a good idea, to contact Humble Bundle. I love what they do for charity and for gamers at the same time and think that accepting something like NXT could be a huge benefit for both them and us. Let's see if they are interested Smiley

Quote
Hey guys,

first of all thanks for your great work. I barely missed any Humble Bundle so far and can’t say how much I appreciate what you are doing for charity AND for gamers!

Currently I am observing a new cryptocurrency. Its name is „NXT“ and it is supposed to be much more than a currency. It has an awesome community, which is mainly active in this forum thread. At the moment they are working on a decentralized asset exchange. But even decentralized crowd funding has been thought of already.

As a matter of promoting the usage of NXT and doing something for charity, the community has started to support Song of Love already.

However, if Humble Bundle would start accepting NXT for fund raising this could greatly increase donations AND promote an innovative cryptocurrency. By the way: NXT’s main advantage over Bitcoin is, that it is not wasting energy as bitcoin and its mining concept do.

If this could be something for you, just step into the forementioned forum thread. I bet the community will be more than willing to give you any support needed to implement NXT 

Again: Thanks for your great work. Keep it up!

-   Jan
hero member
Activity: 910
Merit: 1000
If it is the accounts turn to forge and it isn't forging, then yes, something like that?

I'm no dev. I just want this discussion to be more than just a gut feeling thing.
sr. member
Activity: 644
Merit: 250
Do you mean they should be prevented from forging for 1440 blocks every time their node goes offline?

I think you still confuse nodes and accounts.

I should have said "account" not "node".
member
Activity: 77
Merit: 10
I guess i am missing something, trying to start 0.8.1e on windows, creating a bat file with the following line :

java -jar nxt.jar

the cmd just open and disappear and i can't find any log, anyone has workaround for this ?

Thanks.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Do you mean they should be prevented from forging for 1440 blocks every time their node goes offline?

I think you still confuse nodes and accounts.
full member
Activity: 350
Merit: 100

I go on a road trip for a day and looks like I missed a giveaway. Smiley

Looks like I also missed a lot of talk about PoS, penalizing accounts, proof-of-commitment... a *lot* to digest.

Wesley -- it appears that the Mac client still doesn't play nice with the changes made in 0.8.x? I accidentally auto-updated to 0.8.e, and now I've got to redownload and downgrade to 0.7.5. Do you have a timeframe for 0.8.x compatibility?

testNXT, please? Smiley  11369639962571180006

I've sent you 5K TestNxt Wink. Enjoy it

Received... thank you!!!
sr. member
Activity: 644
Merit: 250

The network will grow faster if you reward people instead of penalizing them.


We are talking about 1440 Blocks penalizing. Is this so bad?

Do you mean they should be prevented from forging for 1440 blocks every time their node goes offline?
full member
Activity: 168
Merit: 100
Hey guys,

To those that have tried my web client http://nxtra.org/nxt-client ; A beta version is now available for download here:

http://nxtra.org/nxt-client/dev.zip

Unzip, move the dev folder to nxt/html/tools/dev

Then go to http://localhost:7876/dev

This is assuming you have 0.8.1e installed (it will not work correctly on older versions!) - do not try

I suggest you connect to TestNet first though; in the upper left corner you can switch between TestNet and localhost. Try everything out in TestNet first, when you are comfortable you can connect locally. There may still be errors in the code, it's a beta after all.

Not everything is done yet, and Internet Explorer is completely untested. I suggest you use either chrome/firefox or safari for now.

Also need to do some more interactive updating after submission of forms, etc.

if you want, you can send me a message there via the alias wesleynxt (just open the send message dialog and type wesleynxt in the account field). Messages are not yet encrypted.

Let me know what you think.


I have the active 0.8.1.e client and I can not connect through the client file :/ / / C :/ nxt / html / tools / dev / dev / index.html #

You should put it at tools/dev not tools/dev/dev (but it shouldn't matter).

You are acessing it through http://localhost:7876/dev/ right? Do not double click on index.html as it will open via file:// which does not work.

Go! Google Chrome could not find the page localhost: 7876.

Have you just clicked the link here:

http://localhost:7876/dev/

That should work, otherwise your java may not be running. Check if http://localhost:7875 works

Anyway, I'm off, will answer questions later.

Go! Google Chrome could not find the page localhost: 7875
java is working because nrs client 8.0.1e is working well

How do you know 8.0.1e is working if you can't access http://localhost:7875 ?

I access by http://127.0.0.1:7875/
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82

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

I think this discussion needs to be way more technical and detailed than just a "penalizing is bad, doesn't sound good" or something like that.

Agree.
hero member
Activity: 910
Merit: 1000

The network will grow faster if you reward people instead of penalizing them.


We are talking about 1440 Blocks penalizing. Is this so bad?
sr. member
Activity: 644
Merit: 250
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.

How am I supposed to hallmark my smartphones?

I'm not sure if the current android client can use a hallmark, but it should be possible for them to add it.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
If you have your node running, but don't have any NXT, you are not securing the blockchain.

Depends on what you define 'securing the blockchain'.

Nodes (no matter if they forge or not) protect the current status of the chain.

Forger protect the consensus finding mechanism, i.e. they 'protect new blocks'.
full member
Activity: 238
Merit: 100
My last handful of points before I get to go to bed, go to work, kids, etc....:

NXT is still doing well, especially if u look at the disaster zone that is the crypto market right now.

A core point of BCnexts slightly mysterious plan is that NXT needs to first succeed as a first generation crypto-currency (ie, buy stuff, trade, invest securely, transfer money) before it can then leverage that success to become a second generation currency (Asset Exchange, DACs, colored coins, games, secure blockchain storage, contract enforcement...etc).

I think that NXT is running ahead of itself, and we need to step back a little bit and concentrate on the first gen stuff for a while.
This doesn't mean dropping any of the work on the second generation features.
The guys developing all of the second gen stuff should absolutely carry on, but the rest of us should concentrate on these areas right now:

  Promoting NXT as an complete alternative to Bitcoin and it's clones. Different code, none of Bitcoins current issues.

  Getting merchants on board. Payment solutions. Sell stuff....

  More big exchanges, more trading. Cryptsy and BTC38, as priority.

  Network infrastructure/rewards for running nodes. Network statistics...TPS capacity?

If we can boost these first gen aspects of NXT, we will end up in a much better position to launch NXTs second generation features on an unsuspecting world.


Almost the last point: Buy stickers! Support NXTs merchant eco-system !
https://nextcoin.org/index.php/topic,4181.0.html


Really last point: I'm now serious about being a candidate for the NXT infrastructure committee:

NXT FUNDING COMMITTEE VOTE IS COMING MARCH 1

Remaining eligible nominees with as-yet undeclared intentions (PM me if you want off this list):

^[GS]^, 2Kool4Skewl, Arckam_(frmelin), bitcoinpaul,  buybitcoinscanada
ChuckOne, Cointropolis_JustabitTime, Come-from-Beyond
Damelon, davethetrousers, drevil,  EvilDave, ferment, Fry, hughmanwho, Jean-Luc,
jl777, Klee, landomata, laowai80,  msin, mww
nexern, opticalcarrier, Pandaisftw,  PeercoinEnthusiast, pinarello, Pouncer,  Ricot, salsacz
SecondLeo, smaragda,  Uniqueorn, VanBreuk,  ZeroTheGreat


Something Zahlen said:  A candidate does not need to be good at writing English. Some candidates may not have English as their mother tongue. If you're voting, don't confuse lots of writing for ability to judge the worth of a project. Remember that ultimately the committee's job is to decide which projects get funded.

If you are on this list and want to be on a NXT funding committee, go here:

https://bitcointalksearch.org/topic/m.5280476

Background:

https://bitcointalksearch.org/topic/m.5280786

Good luck to these nominees who have declared themselves candidates:


NXTmarketingfund: allwelder, Damelon,  Mario123, Asian Prepper, joefox, brooklynbct, CoinTropolis_NiftyNikel
NXTtechdevfund: EmoneyRu, Anon136, l8orre, abuelau
NXTinfrastructurefund: rickyjames, chanc3r


Yeah, you may have seen this before.  I'll be putting it up every ten pages or so.  It's one of those "legitimate, transparent process" things.


Saved u the trouble, RJ.
So, yeah,  put me down as a candidate for infrastructure.
I'll post the reasons to vote for me (apart from my winning smile) on the committee thread after i get some sleep and go to work.....about 16 hours from now, i guess.



 



I think NXT to be successful as a first gen crypto currency is like to go David vs Goliath.  In my opinion, I think we should concentrate on 2nd gen capabilities - being the backbone of cryptocurrencies, i.e asset exchange --- facilitating coin exchanges, creating new coins on top of NXT, etc.  I don't see NXT being used by the public majority --- that will be bitcoin.  Rather I see NXT being used to support crypto-currencies.  If we can achieve that, NXT will be successful.

I agree.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Interesting, I could see many coins being built with this model in mind, a coin that provides a service, paid for in Nxt, and mined to keep the network strong.

Please note that just "running a node" is not the same as "forging" in terms of "protecting the network".

Although it can help with things like DDoS and for those that are blocked from accessing IP addresses the most important work is that done by "forging nodes" as only those nodes are "confirming transactions".

I am confused again. I thought that all you had to do to forge was to have your account unlocked. Also, in order to make API calls that you have to have your account unlocked. If this is not the case, I will just make it so that forging is enabled by default when you are "mining" NXTcoins.

Wouldnt that be "protecting the network"?

James

Nodes protect the network by:
 - keeping the blockchain online
 - answer requests from peers
 - distribute blocks and transaction.

Accounts protect finding consensus:
 - the more stake, the more likely to verify transactions
 - new blocks
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