Topic: NXT :: descendant of Bitcoin - Updated Information - page 708. (Read 2761645 times)

is much better nxt ecosystem.

the cost of maintaining the network is a lot more economical.

inflation is a lot smaller.

 

Shut up, Emule. You have no sense of humor. Go drink your aperitifs with your friends.

Throwing out some suggestions here on prevention of centralization due to leased forging power...

Set a hard limit on size of a pool's effectiveBalance consisting of leased power.  Maybe 5M or 10M NXT or something like that?  We may even want to set a limit to max size of a single account's effectiveBalance, such that if a single account's balance is higher than, say, 10M NXT, then its effectiveBalance is limited to 10M.  Users could then choose to split accounts and forge on different machines that would then provide a measure of redundancy.

And since these countermeasures *could* be broken via configurations of software/hardware if the pool operator or user *really* wanted to, I think we still should pursue the TF option of selecting secondary, tertiary and even 4th and 5th accounts that could quickly forge a block should higher priority accounts fail to forge in a quick manner.

THIS yes   and that salsa dud laughing all the way to bter.

community is paying that salsa dude 40K a month, without all the other gifts and bybitcoin give him another 100k for "THE POOL" but he mistakenly put it on his account

seriously guys

Not possible as no reasonable person is likely to "spend their very last NXT" on a transaction fee.

Keep thinking.  You've got $1900 in cash.  How much can somebody make per month with $1900 spent on joining a DOGE pool instead of acquiring a stake in NXT?
NXT is in competition with the real world running on a profit motive.   Believers in the NXT ecosystem are going to be running at a loss, month after month...

possibilities can not be increased but can advance fees in time 2 3 days if your rights  fees share with people who have for example 99999 nxt

in the worst case in a year and 100,000 nxt  and 1440 blocks per day
would forging 52.6 blocks per year

nearly one per week. probably every 2 3 days

Just something that came to mind regarding the pooled forging issue.
Suppose someone leases forging power to a pool, and then forgets about it... Wouldn't he eventually own all nxt in existence? And the more it leases the lesser it would take. I'm still thinking many years but still....
I think transaction fees are ok as an anti-spam patch, but down along the road it could mean disaster...
Even when bitcoin mining won't generate any new bitcoins, someone mining and not spending bitcoins will eventually own all of them, but mining in bitcoin means power and hardware costs, while in nxt there are none or are incorporated in the forgin pool cut...
Am I missing something?

Below u'll find a short description of the Nxt communication system. This is the 2nd plan of our decentralization. 1st one you can find here.






 

I am not so sure my first idea was a good one but my concern is that if most people become uninterested in forging it could make the network less resilient in the (hopefully unlikely) case of pool servers being shut down by authorities in particular.

So I am quite happy to drop that idea but I still think the problem of "penalty" needs to be considered as well as the problem of having "too much forging power" amongst a small number of pools.

Why?

rickyjames: print the form, fill the form, scan the form, send it to Stephen Nifty was also in a phone contact with Paul, so lets wait for his news too

I do not understand. You create only 1 block per year. What exactly do you expect? 1000 NXTs for that?

I recently pondered about the discussion of inequality. I think it only stems from a perceived stagnation of the value associated with the amount of NXT a person has.

Let A be amount of NXTs and t1 and t2 two different timestamps. Humans cannot clearly see why A@t1 and A@t2 is a different value (in terms of goods one could buy with them). They just see A. They'd rather have a higher amount in their account (like interest in bank accounts).

One should teach people that NXT is deflationary (will they understand?). The increase in value is achieved indirectly and not by changing digits of the account balance.

I pay 20 dollar per month for 2MB VPS. Because i belive in nxt ecosystem

The quetión is whether we can increase the number of transactions per block to 100
The question is whether a 1900 nxt node will want to wait a year to forge
The question is whether the value will rise soon nxt 1 dollar
The question is profitable to keep the funds in an account standing. which is the opportunity cost

You did not know my email address when you signed in Berlin, but you obviously knew my email address when you emailed it to me (after my repeated request), so I thought you were going to fill my email address in and send it on.  Once I heard you had talked with Paul Snow in Berlin about me speaking, I sent both him and the "TBC speaker" email address several emails with my full name, email address, biography and photo for use in his promotional materials, and I clearly identified myself as the NXT representative that had been coordinated in Berlin.

Your email to me read:

"Hi,
here is a contract between Nxt and texas conf. There still needs to be filled info about Nxt speaker there.
salsa"

So, no, I did not send the form in to Steven.  I did not know I was supposed to.  

If we need a fall guy to take the blame over this mixup then I will take the blame.  My bad.  This is now water under the bridge.  Let's move on.

It is probably too late to do anything about getting NXT officially involved in TBC now.  You haven't sent them $1000 and they haven't listed me as a speaker.  They have received no logo from us so we are not in their promotional literature.    We can still go in, shake hands, pass out business cards, hand out 200 flyers, and listen to Vitalik Buterin speak to everybody at TBC about Etherium.   Bottom line is that you have not spent any money yet on this conference and you have 20K NXT budgeted for it.   Passes at the door are $350 each and we need two, for me and Asian Prepper.  That's $700 or a $300 savings over what you were going to pay.  I suggest that you abandon attempts to get TBC to take the $1000 you haven't actually sent yet and instead send $700 of NXT to me at 16092180239932658439 so I can just get two door passes.

I await your directions.

We really need the math - so if we have any math guys in our community there is an opportunity for you to earn some NXT or BTC for helping out with this and some other analysis.

when will i be lucky

A DAC is a "digital autonomous corporation" which indeed could be one application for an AT although there are many others.

Agreed.