Ripple and NXT are Bing and Yahoo right now. Bitcoin is Google (as in Kleenex, Band-Aid type brand dominance) but it's search algorithm is not so hot and is ripe to be taken over by a competitor. It's not a perfect meta-phor, just a hsitorical example of where we are right now. You could go w/ VHS v Betamax, Microsoft v. IBM, v. APPLE v. WANG
This is not only NOT perfect but bad. Yahoo is older than Google. Bing is just a rebranding of MSN Search, around same age if not older than Google. Is Google search algorithm not so hot? Who told you that? I will take it over anything else |
|
|
|
I can see the issue but I cannot tell you the answer - if I knew the answer I would be building it  perhaps between us we will find it. Unfortunately there is no "easy answer" - basically retailers will still have to take "risks" on blockchain confirmations the same as they do when accepting credit cards (that could be stolen) or even cash (that could be fake). The counter example would be Ripple which is instantaneous, secure, and transactions are irreversible. I still don't fully understand how Ripple works though. |
|
|
|
Just to have that clarified: what is a pool in terms of NXT vocabulary?
BCNext calls them "hubs". What do you think about limiting max forging power to anywhere between 1% to 5% |
|
|
|
Basically if we limit the effective forging *power* of any pool or individual to a maximum allowable percentage (regardless of actual NXT balance) then we will force people to split up their hoards into small chunks managed by separate pools.
That's a good suggestion. Just put a max forging power limit for any one account. |
|
|
|
I don't believe you: drop the price of NXT. Do it. I'll gobble that up like there's no tomorrow.
And if it turns out that you are sitting on those accounts: you forget that your wealth is just encoded in software, it's not magic, and the rules can be changed.
I don't believe Emule is an original stakeholder, but regardless, you can't support wealth confiscation / re-distribution. This will destroy the Nxt community. No one knows who controls those accounts. The more people that criticize those stakeholders the less likely they are to want to participate because they will feel like they aren't part of the community. Don't forget that by not selling they are protecting the network from a 90% financial attack. Also, those big holders will be the ones that support Nxt into the coming years. They will have the financial resources to do so. Don't mind me. I'm just baiting him.  BTW, I'm certain he's not a stake-holder:  I am 100% sure everything Emule posts is exaggeration and/or lie. Not only is he not original stakeholder, but he doesn't have 7 figure investment either. He bought some nxt, I am sure, most likely a few thousand, and has been waiting for a month to make money out of it if nxt prices go up. That's all there is to Emule. People with millions of dollars don't flaunt it on forums like emule, nor would they invest that much money into something that has so much uncertainty. |
|
|
|
I actually drew attention to this just a few weeks ago and it covers several pages backwards in this thread.
Also talked with CfB on skype about it just yesterday.
I agree, the infrastructure needs to get fixing and a structured plan ASAP or we'll be stuck in nomansland quick
We had a 10 BTC bounty on proper cryptanalysis by a specialist . That thing still went nowhere |
|
|
|
Don't forget, we just blew something like 2-3 BTC on MintPal and they then turned around and said: "Sorry , we don't understand NXT, how about some nice TeslaCoin instead? "
As I said, they need to refund the money |
|
|
|
java -Xmx1024M -cp nxt.jar:lib/*:conf Error: Could not find or load main class nxt.Nxt |
|
|
|
Is https://nxt-e.com/ fully functional now? If yes, people need to support the site by buying selling on it. |
|
|
|
I am on it, already submitted it to few sites. I am also registered at prweb, but they want $99-499 for one news release, bastards Yes, but they want money, but they get it published to finance.yahoo.com and other sites |
|
|
|
Greed could be the fatal flaw, if that 50M accounts persist to hoard we are all doomed, simply because that accounts don’t need a higher price to sell, they get rich anyway, no matter what the price is.
I really don't see it as a problem. Even if 500 million NXT don't move, the other 500 million would still be in circulation. That's more than enough. Bitcoin only has 12 million so far and how many are in circulation? Very low number. Hoarders can't "kill" nxt. If anything, hoarding pump prices up as less coins are in circulation. |
|
|
|
Shit, that is bad!  Solutions? Maybe a DAC??? Awaken man's switch??  Dunno. Time to invest 1M NXT into development of technology that protects in such cases... Are you listening 50M NXT hoarders? Why they hoard so many coins? They can't sell all of this coins anyway. From the block chain, these account(2159498187382012684,4747512364439223888,9433259657262176905,14571285356259793594) have more than 45M NXT(some of them split they account). Please sell it, donate it, anyway. The price will be never going up too far if they hoard so many coins. why should i? You aren't early adapter. Shut up. You are a nobody |
|
|
|
Why would anyone who spends that much money to acquire 50% of Nxt, then do anything that will destroy his own wealth?
A good point - and understand that I am not "advocating to do anything" at this stage - just presenting some statistical analysis (something that this project needs to have done before making "claims" about %s and "safety"). I think we should not implement where people are able give their stakes (mining power) to pools.. That will defeat the concept behind proof of stake. |
|
|
|
80 and 90% of what?
Of *stake* (% of entire balance of NXT). It's pure theoretical then. There is no way in hell anyone is ever going to hold 80% of stake. If someone starts buying Nxt to even get close to 50%, 1 Nxt would be like $10,000 or something (costing the stakeholders millions of dollars to get there). Why would anyone who spends that much money to acquire 50% of Nxt, then do anything that will destroy his own wealth? Isn't that the idea behind proof of stake? |
|
|
|
But what if I increased the largest holding to say 60% (by removing "f" and giving his balance to "e")?
So you are saying is that the functionality of transferring stakes to pools should not be implemented? |
|
|
|
Close but it doesn't show their stake (so a little tricky to quickly work out what I want to). That was wrong link anyway Top generators: http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=35The highest generator has generated 15% of blocks. The number 2 and 3 have 8% 4, 5 are about 4% number 60 is 0.2% And highest generator has Balance Total : 50,005,026 NXT that account has generated 15% of blocks |
|
|
|
Close but it doesn't show their stake (so a little tricky to quickly work out what I want to). That was wrong link anyway Top generators: http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=35The highest generator has generated 15% of blocks. The number 2 and 3 have 8% 4, 5 are about 4% number 60 is 0.2% |
|
|
|
What is your take on SkillRoad himself?  Do you believe the sockpuppet accounts are his (at least the ones in my post)? No, the sock puppet account are not his. This is someone else who created these accounts specifically for Nem SkillRoad? I don't think it's a deliberate scam. He is trying to create Nxt clone -- not sure if he will even succeed in doing that. |
|
|
|
|
Show Posts
