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1001  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: February 06, 2014, 07:40:10 PM
Price stability can be only achieved if the coin has good
 distribution at the beginning and has a big user base.
The good distribution of the coins should be kept by the system as long as possible.
Good distribution will be achieved if any user is able to participate and adopt the coin
if he is willing to without restrictions once the NEM system is launched.

During time the capital tends flow into hands of the few.
This is happening with FIAT and it happens with bitcoin as bitcoin is becoming more and more
similar to FIAT regarding centralization.
We see in bitcoin that those who have the power can abuse it to gain more profit
and to gain more power.
Is it not possible for me to participate in bitcoin network as a common user
unless i buy the coin or unless i buy ASIC GPUS or other shit to start mining.

This could for sure be the case with NEM as POS coin if the POS reward is to big because
if it happens  that a few big stake holders will be created during time
and they will become powerful in NEM system as central banks are in FIAT system.
Once the majority of capital is in the hands of the few than it can be subject to manipulation
like coin price can be manipulated in the market and can be dumped and bought back,
similar to "loans" today in fiat where fake crisis and shortage can be made by the few.

To avoid this kind of scenario we need to find best ratio between POS and PON.
Just not to forget that also if to much weight to the PON is given than that
this can maybe be exploited by botnets

Currently suggested ratios are:
40% POS / 60% PON
60% POS / 40% PON

It would be nice if an economic model simulation could be somehow
made before the any decision about this is taken.


1002  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Levelcoin - Proof of Stake / Proof of Burn Hybrid - Inflation Immune on: February 06, 2014, 05:02:53 PM
Witout reading 10 or 20 pages, can someone tell me what happened with this? I was interested in sending btc but it sounds like the project is off the rails?


You should read the pages,  it's a SCAM and the dev ran off

Actually I think there was not any dev but just scammer pretending to be a dev.
1003  Alternate cryptocurrencies / Altcoin Discussion / Re: [EMUNIE] Open Beta One - Information & Schedule on: February 06, 2014, 12:18:38 PM
Where the exchange in client?

There is no exchange in OB1.
Read the release posts.

All information is here:
http://forum.emunie.com/index.php?/topic/1339-ob1-live-whats-in-and-whats-not/#entry14988

and also on the 1st page of this thread.
1004  Alternate cryptocurrencies / Altcoin Discussion / Re: Why have a bunch of the eMunie founders + familiar faces disappeared from eMu? on: February 05, 2014, 11:56:18 PM

Why do you hate java so much, is it because its an internet trend to hate java?. Java is the second most used programming language in the world (next to C) , the programming language was also taught in my university. I've written in both python and Java and Java is a much more feature rich language for object oriented programming.

The Java docs are also extremely detailed.

Maybe they see it as proprietary technology developed by a corporation?!
Compared to python I think is P.I.T.A. to develop in java
as it requires to write bunch of code to do some simple tasks.

Open JDK is open source licensed under GPL

http://en.wikipedia.org/wiki/OpenJDK

Java has been around a long time (1996).

Amazon.com and ebay.com run on java on server side

"as it requires to write bunch of code to do some simple tasks."

Nonsense. You don't know what you are talking about


php code to read from file:
Code:
$content = file_get_contents("filepath");
php code to read from url:
Code:
$content = file_get_contents("http://javaispita.com");

python code to read from file:

Code:
fp = open("filepath","r")
content = fp.read()
fp.close()

java code to read from file:

Code:
BufferedReader br = new BufferedReader(new FileReader("filepath"));
StringBuilder sb = new StringBuilder();
String content = null;

try {
String line;
while((line = br.readLine() != null) sb.append(line);
content = sb.toString();

} catch (IOException e) {
e.printStackTrace();
} finally {
br.close();
}

The code speaks by itself.
1005  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: February 05, 2014, 04:31:01 PM

I had to analyse this a little but looks like a very nice system indeed !

Yes and if hi puts it into graphical diagram
using arrows and blocks it will be understandable by anyone Wink

1006  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [ANN] Nxt to NEX Buy In - Exchange 1 Nxt for 50 NEX (MODERATED) on: February 05, 2014, 03:58:20 PM

You can buy Y.  The remainder X-Y will be resold at the same price to the public.

Hello.

I'd like to pledge 1000 NXT.


1007  Alternate cryptocurrencies / Altcoin Discussion / Re: Why have a bunch of the eMunie founders + familiar faces disappeared from eMu? on: February 05, 2014, 12:59:53 PM

Why do you hate java so much, is it because its an internet trend to hate java?. Java is the second most used programming language in the world (next to C) , the programming language was also taught in my university. I've written in both python and Java and Java is a much more feature rich language for object oriented programming.

The Java docs are also extremely detailed.

Maybe they see it as proprietary technology developed by a corporation?!
Compared to python I think is P.I.T.A. to develop in java
as it requires to write bunch of code to do some simple tasks.
1008  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: February 05, 2014, 12:05:03 PM

Imho it'd be better to keep the systems as is regarding distribution of coins i.e. finite number and fees. An infinite number of coins will create inflation like crazy and people probably won't buy into it in the first place.
Obviously we then need the fees to reward people for forging.

POS/PON in general i think are great ideas. I think it'll be important to find the right balance between POS and PON. E.g. how long will it take me to forge a block with little or no NEM but a node that is running 24/7 ?
I think this could also eliminate the complaints from people that the rich get ritcher with the current Nxt - POS implementation.

Just to through out numbers to start a discussion - I think 40 % POS / 60 % PON could be fair. I think this would reflect that you're helping NEM more by running a node than hoarding your coins.

Thoughts ?

I agree with you therefore i have written that the concept should be partially adapted
as the number of coins in NEM is finite. Part of the forging fee should go to nodes that are securing the netowrk using PON.
The best POS / PON ratio yet shuld be found.

+1 to your advice 40 % POS / 60 % PON or something in that range to avoid hoarding.
1009  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: February 05, 2014, 11:36:10 AM

We have been considering moving away from a pure-POS forging mechanism and creating a hybrid POS/proof-of-network (PON) forging scheme that will better reward the people running NEM nodes since each node adds value and redundancy to the NEM network.

+1

Hello.

This is good as it may facilitate mass adoption because people
could just join NEM by running a client without buying coins and earn some fees
by helping the network.
I would suggest you to check the concept of timekoin at http://timekoin.org/
which uses similar concept.

The user earn coins by running a node.
The difference is that timekoin has an infinite number
of coins that can be generated and the there are no fees i think.
Every node is allowed to generate a coin in random time frame.
More time the node is online the more chances to generate coins it has.

I think this would be worth investigating how partially port this concept to NEM
that part of the fees goes to
nodes depending on the time spent securing the network.

I see NXT as pure POS coin has problems of distribution because of the sudden exponential price rise
people won't buy the coin because and because it requires big amounts of NXT to forge something as
the number of transaction i currently low.

I think that with the concept above this scenario can be avoided.

greetins Wink

1010  Alternate cryptocurrencies / Altcoin Discussion / Re: Why have a bunch of the eMunie founders + familiar faces disappeared from eMu? on: February 05, 2014, 09:42:55 AM
wakka wakka wakka

Wasn't this Shakira song?! Smiley
1011  Alternate cryptocurrencies / Altcoin Discussion / Re: [eMunie] eMunie Tech & General Q&A Thread - Get Involved on: February 05, 2014, 09:39:09 AM

The java runtime is (usually) upward compatible. Java 6 lacks certain features and can therefore not be used for eMunie. Java 8 OTOH should contain everything that's already in java 7, so I wouldn't expect problems there.


It seems to me that it work with java6 also.
I was able to run the last version of the
client using openjdk6 on linux without major problems.
1012  Alternate cryptocurrencies / Altcoin Discussion / Re: A coin free of Greed on: February 05, 2014, 12:18:17 AM
what about timekoin?
http://www.timekoin.org/

Is anybody here using it?!
1013  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: February 04, 2014, 11:27:58 PM
In the meantime, I wish to report that 0.7.0 is running successfully with an H2 database backend, no more serialized java object files. No need to keep all blocks and transactions in memory anymore.



Smiley

Does it still have the web client interface on
http://localhost:7874 and https://localhost:7875 ?!

What are the plans for the web client in future?
Will be developed further on or will be removed from the
distribution?

1014  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: February 04, 2014, 11:04:07 PM
(Regarding going beyond NXT, say Email or other external services... I don't know. But would like to have them just in case.)

I see it this way:

1. Script composes email and stores as AM.
2. External service takes the email and sends it.

In case size of email is bigger than AM does it get splited in more AMs?

Can it be made that the AM only contains the email header data
and the body part with message and  
attachments is send off chain to the service provider
and then like mentioned above the service process the email further on?!
1015  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: February 04, 2014, 10:52:50 PM
How many unique opcodes here?

28 opcodes for that one.  It is only a starting point, though.

No, that's not right.  It's been a long time since I last looked at that code.  It's more, have to re-look.

Very good if it's 28, coz I know only a solution with 32 opcodes.

I found a language with only 8 opcodes but i'm not sure that this will
be a good for your needs as the language is completely f*d up and if you uset it can f**k up your brain.
Smiley

I called brain fuck.
http://www.muppetlabs.com/~breadbox/bf/
1016  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: February 04, 2014, 10:22:34 PM
We need some kind of a competition. The goal is to find a language with min number of opcodes.

by this you mean instructions?!
1017  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: February 04, 2014, 10:01:59 PM

We need a low-level language. Most (all?) languages in ur list r high-level.

Sorry my mistake I though you need something that could work on java VM
and is already implemented.

1018  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: February 04, 2014, 09:57:38 PM
Turing complete code executing is nice and flexible, but there still need to be useful solutions that are implemented based on this.

Let's just do it.
Will the Turing code be able to invoke higher level functions like "escrow NXT from acct to acct", "release escrow txid", "send DOGE", etc.

It would be great if the language had primitives for useful high level operations and made it so even incompetent guys like me can take a stab at writing some scripts.

What about something interactive like FORTH? I dont really like it, but I think it would be really quick to implement. Any chance to make it run a subset of Java?

The big problem that I see with DACs is reliably giving execution context to the scripts. That is really the issue, so why do we even have to lock down a language? Implement a VM with its own machine code (probably best to use existing simplified machine language) and then people can use any language they want as long as there is a compiler that emits the simplified machine code. The constraint on the execution time would be a time budget in addition to obvious memory limits, etc.

Would that be too difficult for your team to do? It would be cool to see a small unix running within NXT Smiley, very slow and expensive as it would need to allocate disk space using AM 1K blocks. Probably too crazy.

It would be cool to be able to interactively test the scripts. Maybe even make it like having a console and issue one off commands? Make NXT an OS that can do things only a decentralized system can do. This probably ties into the grid computing bullet point on the potential features list.

James


Choose your language:

Versions of non-JVM languages Language    On JVM
Erlang    Erjang
JavaScript    Rhino
Pascal    Free Pascal
PHP            Quercus
Python    Jython
REXX    NetRexx[2]
Ruby    JRuby
Tcl            Jacl
   
Languages designed expressly for JVM Language
BBj
Clojure
Fantom
Groovy
MIDletPascal
Scala
Kawa
1019  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: February 04, 2014, 08:27:00 PM
In the meantime, I wish to report that 0.7.0 is running successfully with an H2 database backend, no more serialized java object files. No need to keep all blocks and transactions in memory anymore.


great, any ETA already?
First CfB should port the Asset Exchange bugfixes and new APIs to 0.6.0, and at the same time I plan to do some profiling and optimizations of 0.7.0 if needed, and then merge the 0.6.0 and 0.7.0 branches. I wrote most of the db code yesterday and today, and I am running it for the first time now. Let's see how many stack traces I find in the log tomorrow morning. Hope to have it ready for release by the end of the week.



Hello.

Will the current web client at
http://localhost:7874/ and https://localhost:7875/
still be available in versions 0.6.0 or 0.7.0 and further?

Thanks.
1020  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Levelcoin - Proof of Stake / Proof of Burn Hybrid - Inflation Immune on: February 04, 2014, 07:30:59 PM
Thanks, if you want to post here, or by PM. We will be creating a new thread for the reboot and it would be good to have a distribution list for announcements to those who have invested, as well as anyone else who is interested.

Also, just ignore the people who are posting comments rubbing it in about being scammed. I've checked their posting histories. They typically have agendas to discredit the pre-sale ('IPO') model.

I'm interested in the project.
Can you post here the link of the new thread when created.

Thanks.


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