Topic: NXT :: descendant of Bitcoin - Updated Information - page 923. (Read 2761626 times)

Scripts will be slower and larger anyway.

Direct memory access is simplier.

Not users, compilers.

Or UnderDoge 

Interesting thoughts. Without trying to agree or disagree with your views, i would like to point out
another quite interesting view of the economic game.

The value of any asset chosen as "money"(be it fiat, crypto, tree leaf or shiny mirror) comes not from
production costs, or scarcity of said asset,
but from the trust that its users put to it, and use it as a form of "money".

Gold has been of use, as a shiny stone.
It is believed to be scarce(because we have automated factories building cars and nuclear subs, but we still use manpower in the largest mines in the world o dig for gold & other precious minerals)

Its scarcity and production costs are fake manipulated bubbles, created by the marketmaker.
Its high value would crash if people stopped using it, trusting it as a medium to store value.
It has no other value. Same goes for every fiat that was backed by gold.

Today, fiat is also "air money". Central Banks everywhere create money with 0 cost, and sell it to commercial banks, and they lend it to us(with huge interest on it)

When the average Joe realises that he can put more trust on his PC as a medium to produce wealth, than he puts on banks & banksters, the fiat system will collapse.

Do we need this command everytime we start NRS, or forging is started automatically with the start of NRS?

http://localhost:7874/nxt?requestType=startForging&secretPhrase=PASSPHRASE

+1 to swartzfeger.

This could work, BUT we don't want to make this look like either an attack on DOGE or an attempt to ride on DOGES back.
Basically, don't be assholes about it.
NXT could certainly use a tipping/throwing coins around element, it'll be useful, and not just for a bit of extra marketing.

I would suggest. like SF above, to reach out to the DOGE posse and ask for some help/input/whatever.
Co-operate, don't compete directly.

We can call it PuppyDoge !

Alright, this clarification should be added to the definition of $.

Why are you reluctant about stacks?

So i just tried to order an asset. Now ive Lost 1005 Nxt instead of 2x 2 Nxt . Why ? additionally not to the right receiver account (holder of the asset).

How can I forge without unlocking my wallet?

Hmmm... So, problem is on my site? I constantly see warinig about vps's on nxtcrypto.org, no other nodes.

So you want users to emulate a stack for some weird reason, which will only make the scripts much larger and slightly slower than they could be. Why?

next vol24h = ONLY $ 95,010
nxt under applecoin,novacoin,and  protoshares.

Source: http://www.juandemariana.org/comentario/6464/analisis/economico/basico/bitcoin/ii/


In short, to provide value to BTCs are being forced to computers consume processing power on useless things , which perfectly recalls that old story that during the New Deal was hired workers to make and fill holes .

But then, as is well known to economists, the value of goods not depends on the cost of their production . As much as it costs me my bike up the Alpe d' Huez, nobody is going to sponsor the trip: the value of this effort of mine is unfortunately zero for most of the world's population , and no one will pay one Euro for seeing me climb the Alpe d' Huez.

So , however much it costs in terms of useless BTCs production processes , it does not give you one iota more value . Indeed, from the social point of view , the production of a BTC represents a loss of only manageable resources at a time like the present, in the aggregate processing computers capacity far exceeds demand , which makes a people do not mind having a program on your computer mining BTCs constantly running .

It is thus clear that this costly mechanism implemented for BTCs can be neither the cause of the value it may have, and therefore their hypothetical quality as money.

Consider now the other factor that seems relevant in this characterization : the absolute limit on the number of BTCs . Indeed , the number of BTCs that will circulate in the system is limited to 21 million units or more . Therefore , once reached that number may not post new BTCs (contrary to what happens with fiat money) , ensuring that its value is not diluted.

However, believe this is a fundamental feature of the coins represents a new conceptual error . In economics, resources are scarce , but not in absolute terms but in relative terms to the needs . The amount of gold is finite : maybe it is on Earth , but it sure is not in the universe. However, not all the gold has the same cost of production , so certain techniques (including a hypothetical operating on other planets ) are feasible only when gold takes a certain value.

This is essential in the economic game : the value of goods is reflected in the price, which is an indicator of the relative scarcity of good, and this price information to entrepreneurs on how many resources can be devoted to the acquisition of such well , thus making the supply (number of units) of well grow to accommodate demand . And so on.

It will not happen the same with BTCs , thanks to the design described . As much as rise in value , it will not have the possibility to increase the number of units . So , basically , this numerical limitation could become the Achilles heel of the invention.

Clearly if the BTCs up in value , and not being able to increase the supply , shortages occur, other entrepreneurs and provide alternatives appear in the form of another denomination of electronic money. In fact, today there are a number of electronic currency that can be alternative . (NXT COINS)

The point is that , as seen earlier in this article , the production of new electronic money is virtually no cost (remember , to generate BTCs computers spend ten minutes doing useless operations, an alternative money could logically deleted) . Thus, in a relatively short time the BTCs could become worthless , the flooded market of substitute products, whose production has very low costs. (NXT COINS)

Note that this does not apply to gold : with increasing its value, viable methods of producing more expensive are made, not less expensive methods. Not that gold is limited in quantity, is that it is for the value given to it at all times.

In short, neither the alleged requirement of processing capacity for Bitcoin system or absolute limit on the number of units , suppose from my point of view "good" characteristics of a BTC as money. Instead, possibly derived implementation of conceptual errors in the interpretation of money, stay in form and not in the background , and it is here where you can be your weakness ... like money.

Anyway, as I said at the end of the previous analysis, Bitcoin or come to be regarded as money is not a matter of economic theory, but the preferences of individuals at all times. Maybe some of the other features of Bitcoin ( anonymity , globalization, or some other facility that can not even imagine ) are sufficiently valued by individuals and that deficiencies are compensated targeted .

Only time will get us out of doubt.

Yes

There won't be stack at all. After a function completes execution the next opcode will be processed. These functions r external ones. Internal subroutines should be "exited" via @ M. U r supposed to store an exit point in M before calling the subroutine.

Ok thank you I missunderstood it
So another question:
This Test Net is for testing the Asset Exchange and it is only existing to test this?
So the plan is to implement this asset Exchange in the real network in the future and this test net will be deleted then? Is this right?

Agree.

Let's get this straight: you want function calls (which I definitely understand) so use stacks.

You also need a way to return back.

A 'function call' that cannot return to its point of origin is not a function call.

Btw. functions calls are already there for you in many many high level languages. As we definitely need a VM, it pretty straightforward how to implement that low level feature.

Berlin (3)

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