Topic: NXT :: descendant of Bitcoin - Updated Information - page 817. (Read 2761629 times)

please, please, somebody, anybody with testNXT I cant test without it
18232225178877143084

Subtract all of the targets on chain a, subtract all of the targets on chain b, see which number is larger.

Next block will let to choose the winner.

Re: NXT :: descendant of Bitcoin - Updated Information
Today at 01:53:59 AM
Reply with quote  #35842
Quote from: jl777 on Today at 01:37:11 AM
Quote from: bitcoinpaul on February 16, 2014, 11:06:41 PM
Quote from: bitmadaboutcoin on February 16, 2014, 10:58:30 PM
but isnt part of bcexts plan to lower fees and stop greedy hoard and forge? makin it not worth while?


His idea. We don't have to follow it.
I am following BCNext's plan! He is clearly much smarter than me, who am I to second guess his recommendations.
In any case it makes a lot of sense to me that NXT itself should be as close to free to use as possible. Think how much it costs to use the Internet, or normal cash. If using the internet had a per minute fee (like Compuserve did), it would never have become what it is. Most people dont seem to under stand this. Elasticity of price demand, eg. lower cost -> more volumes.

I suggest that everybody just IGNORE any amount that comes in from forging. If it comes in, great, if not, dont worry. NXT is about building an economy. What sort of economy would it be if everybody just sat around waiting and staring at their money waiting for it to magically and spontaneously spit out more money?? The fact that NXT actually does this every once in a while is fantastic, but it is NOT the reason to own NXT. [answer to my rhetorical question is "massive economic depression"]

The reason to own NXT is to be able to build a livelihood around it. Create a product like Anon's silver bars, create a service like many people have already done. You have to do something to get something. Its not really that strange that it works this way is it?

Unless you have 100 BTC and can buy 1 million NXT, you gotta work. Even if you have 1 million NXT, it would be much better if you invested in the best ideas and allow others to make a living.

I am in the process of coming up with ways normal people can make a living by building stuff on top of NXT, but the more people that contribute such ideas the better. I cant be the only one who has ideas on how to make money with NXT.

Let's play a game. post a way you can think of that somebody can make money with NXT, using the tech that is currently being developed. The best idea as measured by (estimated revenues divided by estimated costs to implement) will win 500 NXT bounty. If there is no consensus as to what idea has the best revenue/cost ratio, i will flip a coin and pick the one I like the best.

Deadline is before I sign off tonight, probably 6 to 8 hrs

https://holms.cloudapp.net:6875/ works for me

except im -5.. so maybe its not working

CfB (or anybody that knows)

What is the best way to invoke API from C?
I just need one example of the right way, eg. is it using curl, if so can you post exact syntax

Thanks

James

I need to be able to access the API directly. http://holms.cloudapp.net:6875/nxt?... returns nothing

I also need some testNXT

IIRC, TF includes something like a penalty to accounts that were too late forging. From the perspective of a node, not forging and the forged block arrived too late are indistinguishable.
That penalty is supposed to prevent selfish mining.

Okay, let's go deeper:

Let's assume, one part of the network underwent 1) and the other part underwent 2) (because of network latency). We now have a partition of the network in nodes (say N1) having A on top and in nodes (say N2) having B on top.

How do we solve that?

IIRC, TF includes something like a penalty to accounts that were too late forging. From the perspective of a node, not forging and the forged block arrived too late are indistinguishable.
That penalty is supposed to prevent selfish mining.

Okay, let's go deeper:

Let's assume, one part of the network underwent 1) and the other part underwent 2) (because of network latency). We now have a partition of the network in nodes (say N1) having A on top and in nodes (say N2) having B on top.

How do we solve that?

3) ok so im not sure specifically how the client handles this situation. you could in theory have all of the nodes reject a as punishment for being late. there would be some advantages to this. personally though i think what you described in 3) would be wiser. ask a dev for specifics.  

I could use some testNXT 18232225178877143084

also what is the testnet URL?

Okay, let me ask you some questions. I put these ones on the table some time ago in my analysis of 'Transparent Forging' and CfB haven't answered it, yet. So, maybe you can.

You said: "The higher the stake involved in forging a block the 'better' the block."

So, how should a node (not the network as every node decides on their own) decide when two blocks are forged: one from account A and one from account B.

Now, there are several cases:
1) A comes first, TF says A is before B => A is on top of chain, B gets rejected when arriving (and vice versa)
2) B comes first, TF says A is before B => A didn't forge => B is on top of chain (and vice versa)

3) 2) happend; A arrived late; what happens? Will B get popped off?

Which lists? I cannot see myself in the NRS. But I run 0.7.5.

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