Topic: Transparent mining 3, or What way to choose (Read 8492 times)

http://188.138.33.10/
(red are accounts that missed their turn, blue are ones competing for Nxt block with a prediction for the time to next block)

Are you asking why this thread hasn't had any replies?

Most people are here: https://bitcointalksearch.org/topic/m.6629320


You can ask any questions about transparent forging there 

Why not updated?

updated？

Please define "you".

I love NXT but you guys have pulled so much stupid shit that I don't know what to think anymore. If you would get something as good as NXT going just to later refer to it as an experiment then you have basically committed crypto-creation suicide.

I would have no interest in any future projects and neither should anyone else. This would be analogous to Bill Gates saying Microsoft was just a ruse for his 'real' project. (an experiment to buy him time...)

I say this after working really hard to get behind the NXT project and recognize that my negative demeanor is ultimately not good for NXT's image but I dont' care. I don't care if I lose my entire investment, you idiots are doing irreparable damage to the work you've done.

nxt please pump! I have invested too much in you, my dear…

accumulating mined hours is the first step of transparent mining 3

let’s look at forget power with different account balances:
=0.5b, every forger has 1/20 power, that is 3 times every hour;
=1m, every forger has 1/1000 power, can forge every 16 hours;
=100k, every forger has 1/10.000 power, can forge once a week;
=10k, every forger has 1/100.000 power, can forge every 69 days;
=1k, every forger has 1/100.000 power, can forge every 2 years.

if a account has 100k nxt, the account has to mine 7 days to forge a block, it isn’t a short time. And if the node crash or disconnect the network, ths account have to remine. So we should encourge forging by accumulating mined hours, not penalty.

How to accumulate the mined hours?
Before the node is closed, the node send a message containing the mined hours to genesis account. Because the nodes forging  can protect the nxt blockchain,  the fee of sending this type messages are free.

Of course different balance have different strtegy.
balance>=10m,  don’t need message at all.
balance>=1m,  when node is closed and mining hours>1, send a mined message;
balance>=100k, when node is closed and mining hours>2, send a mining message;

balance>=10k, every forger need nearly 10 to 69 day to forge a block. That is a long time, so everyday mining hours>=3, then send a message represent 1 day mining time. That is everyday need 3 hours, get 24hours mined hours. When mining to the last day, mining hours>1 ,send a mining a message.
e.g.
Account A has 10k nxt, A need mine 69 days to forge a new block. Everyday A mined 3 hours, then close the node. Image A has mined 68 days. In the 69 day, A need mining 24 hours then forge a new block. If A exit the node or other thing cause the disconnection, a mining message has been sent, so next day A can continue mining until forge a new block.

just like balance>10K, with balance below 10k, every account need more mined hours. but 2 years is a very long time for an account with 1k balance.

Good repayment are not choice, because this can cause fee too high.  But we can give lottery to these small stakholders who like forging. The most important thing is using nxt platform like AM and so on , to do something.

80% accounts hold only 20% nxts in statictics in the future, so a lot of small stakholders forging can contribute a nice random to forge, and make nxt platform running better.

No idea.

CFB,could give some answer or hint?

That's why Nxt is as cheap as it is.. just wait until they finish fully implementing it

TF is just a proof of concept?

what are you talking about "greed eyed monster" and references to the human element?

Are you asserting that BCNext left due to the few but very large, and inactive whales?  Surely not...  I dont see how any facet of his experiment would address the issue, on the contrary, his experiment ENABLED human greed  if this is why he left, then the 'failure' falls 100% on BCNext for cutting off the genesis at only 73 people, thus putting huge amounts of NXT into the hands of only a few people.

I dont give a flying fuck for BCNext's plans..

I say: if we've code, let's try it. If we'll go from just trustless, but risky, to trustless cheat-proff, it'll be quite something.

what i took from reading all that is. this has been one big experiment by bcnxt or who ever he really is. we need to learn to take greed out of the equation. own personal gain as such. we need to work as a community to secure the chain and not expect rewards for doin so. Eg like pow coins rewards. we need to remeber why we are here. i personally came here to help support a movent of people who had created digital currencies to fight the powers that be lets say. i was sick to death of governments, banks and corrupt organisations that control the current monetary supplys. we need to focus on destroying these organisations which are fueld by greed. but unfortunatley the green eyed monstsr has already made it to the crypto world. we have a chance here with nxt to change this. but is it too late?

Suppose i better add to this that yes along the way the green eyed monster has had me too. Its human nature to want more than the other the guy has.

That is good news for Nxt, assuming your project doesn't suck 

This makes sense.
Apparently, BCNEXT is very familiar with “Nineteen Eighty-Four”, and love it. It hints that BCNEXT come from a Communist countries of Eastern European, may be Soviet Union. I noticed that CFB has acknowledged that he is a Communists.

+1 for implementation.  Let's see where the winding road takes us.

I would love to see it!! This should be something super exciting and well done!
GL with it!