Convoluted quoting going on  This is farl4bit from the nxtforum thread, FYI |
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Anyone have a link to an alternative to coinmarketcap?
Pls PM me if it gets deleted. Thanks!
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The changes suck!
People care about marketcaps, why hide a selection of coins? Show all coins and let the users filter for their own preference.
I would like to see a filter for "show only non-minable coins" as they are the future of crypto, people are waking up to runaway inflation and how it hurts anyone holding and not mining.
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If we want it back the way it was, we should all spam their thread https://bitcointalk.org/index.php?topic=199685.new#newI'll go first  Edit: done The changes suck!
People care about marketcaps, why hide a selection of coins? Show all coins and let the users filter for their own preference.
I would like to see a filter for "show only non-minable coins" as they are the future of crypto, people are waking up to runaway inflation and how it hurts anyone holding and not mining.
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This was removed IIRC. As the estimated time changed every block as the target changed, people got confused/angry. They thought it was broken and got disheartened. They didn't understand what it represented. You can calculate it yourself, there are instructions in the wiki **** If you divide 100% by the target value you'll get the portion of coins that was used for mining that block. (Note: Because blocks are generated once per minute, you should take an average value of these targets, since they fluctuate from minute to minute) For example, if the average target value is 400%, then only 100/400 = 25% of coins are mining blocks.Now you can calculate an approximate value of how many blocks you might create per day by multiplying the number of coins you own by the absolute value of the target (e.g. the absolute value of 400% = 4), and then divide by 694,444. For example, if you have 50,000 Nxt coins and the average value is 400%, you could forge 0.288 Nxt blocks per day, which translates to one block every 3 or 4 days. **** Source: http://wiki.nxtcrypto.org/wiki/FAQ#Forging |
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Reed Solomon I believe.
You can get 2-3 digits wrong and it knows and even suggests corrections.
t is part of the client but off, a nxt clone turned it on as part of the cloning along with the new little tested client. Ropey stuff.
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Also guys I just thought of this.
What if you want to increase nxt to 10 billion? what would you do with the existing holders? hmmm how about you make their balance (balance*10)?
So? how is this different from this idea by enabling more decimal places?
If the above scenario makes you rethink about my arguements. Please share with us your thoughts and input.
You have missed out a negative sign. We are adding 10^-8 (i.e. decimal places) not 10^8 (dilution of supply). The ideas are opposites, that is how they are different. If a loaf of bread costs 5Nxt before the change, it will cost 500000000NQT after the change. Or 5 Nxt as 500000000 * 10^-8 = 5 NXT Who are you working for!? Blackcoin? Ripple? {0|0|0|0|0|0|0|0|0|0|0|0|0|0|0} <- Data space domain (descrete system) <------------0000.0000----------> <- Real numbers domain (continuous system) Please expand. Is one or the other bad/impossible/a light hue of yellow on a crisp spring morning? This is the concept that is NQT, a stock split care of CfB: http://en.wikipedia.org/wiki/Stock_splitIf you have 1 NXT before the change, you have 100000000NQT after. No dilution or change to the market cap. |
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It is 4 in the morning here and the wife cant sleep -_-! but will leave you guys with some good reads: Q: I've read that bitcoins are infinitely divisible: Bitcoins can be divided up and trade into as small of pieces as one wants How is this possible programmatically? The only thing that comes to mind are floating points which are inaccurate. Are bitcoins truly infinitely divisible or merely practically? A link to the relevant source code would be more than welcome. A: (last one)If there is a need for them, additional decimal places can be added with concensus of the network. This is why some refer to "infinite" divisibility, because we can select the level that we need as time goes on. The current level selected in the code (by Satoshi) is 8 decimal places (1 satoshi = 0.00000001 BTC) hence the nickname for the smallest unit currently possible for bitcoin today. As a thought exercise, if a consensus of the network (miners, but also clients and server applications for compatibility reasons) decides to update to a version of the protocol that includes 16 decimal places inspired by your post, we could end up with a new base unit (1 satoshi = 100,000,000 gracchi) as well as nanobitcoins (nBTC), picobitcoins (pBTC), and even femtobitcoins (fBTC, 10 gracchi) I have trouble imagining the need for such a thing, unless destroying bitcoin becomes a prevalent method of use. If it is needed the potential is there and will never dilute your held bitcoins, which actually makes it a problem some would love to see the need to solve.shareimprove this answer - @ Gracchus In theory, every cryptocurrency modeled after bitcoin could be retrofitted for more (or less) decimal places. Some altcoins have made changes to these parameters already, but so far I have not seen anyone who has tried to alter one after issuance. @Murch, that is an example of one of many technical details that would need to be solved. Check bitcointalk for more detailed discussions, there are several threads along this topic IIRC (with actual core developers commenting.) – CoinEnablers Jan 4 at 15:03
Source: http://bitcoin.stackexchange.com/questions/19661/how-is-bitcoin-infinitely-divisibleIs this your only source? A discussion page? Because they are wrong too. Adding decimal places doesn't dilute. See previous posts. Find a source saying the same thing from a credible (i.e. checked before published or from a reputable dev) and I might consider a bounty for it |
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The transaction fee won't change immediately. So it will be 1NXT before the change and 100000000 NQT (or 1 NXT) just after the changed.
Yes not immediately but this change allows it to happen, which is a good thing. I agree. It will probably increase the number of transactions too. |
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Also guys I just thought of this.
What if you want to increase nxt to 10 billion? what would you do with the existing holders? hmmm how about you make their balance (balance*10)?
So? how is this different from this idea by enabling more decimal places?
If the above scenario makes you rethink about my arguements. Please share with us your thoughts and input.
You have missed out a negative sign. We are adding 10^-8 (i.e. decimal places) not 10^8 (dilution of supply). The ideas are opposites, that is how they are different. If a loaf of bread costs 5Nxt before the change, it will cost 500000000NQT after the change. Or 5 Nxt as 500000000 * 10^-8 = 5 NXT Who are you working for!? Blackcoin? Ripple? |
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I don't see the logic in these arguments Just to be clear, everyone knows we're going from 1000000000 to 1000000000.00000000NXT And not 1000000000 to 100000000000000000 NXT, right? < this one is dilution The transaction fee won't change immediately. So it will be 1NXT before the change and 100000000 NQT (or 1 NXT) just after the changed. Am I missing something? |
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Delution of the money supply.................... I loved nxt till now........ how are we still tolerating this BS???
Why are you saying this Lophie? Or even this?: I just noticed the dilution. I am very disappointed. NXT has no future but as a SCAM coin because of this. It is gicing more trouble than what it is trying to fix.
What "dilution" are you talking about? What have just happened to change your mind??? - NQT (nxtQuant)
nxtQuant, or 0,00000001 NXT, goes live at block 132,000.
For every single reason that makes me believe in bitcoin, now is making me tell you all. NXT is a JOKE. You had something good and took it too far, you broke it. BCNxt is a genius of approached a problem very nicely (mining in a 100% proof of stake). The initial spread of the NXT was not the best (I have better suggestions to post later) but it is still accepted. Maybe you all forgot suddenly but bitcoin is making money out of thin air and this is why everyone is losing their minds about it all over the globe. It got attraction because for the people who understands the economics involving bitcoin find it very sound. Good luck going anywhere toward a main stream crypto when you increase the money supply by 10^6 at a certain block, forcing all users to adopt the chain by unifying the client from one source and giving existing owners of 100% of the supply 10^6 more tokens in the system in a flash? You really expect the price to "increase" and "to the moon"? Get real! What do you provide? asset exchange and other features? the source is open and actually a smaller well connected forked network will perform better for the asset exchange NXT is offering. Congrats guys, Block 132,000 is the death of nxt as a crypto "currency". Maybe it will survive as something else but it definitely dead in my eyes as a decenteralized crypto currency. Even NovaCoin suffered less than what NXT would, very soon......... suggestion? reboot the network, new genesis; or stop the delution before it hits. Oh dear... I think someone has reacted prematurely I'm still behind a page so don't know how this turns out! |
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Do we need 'proper' testers or can click-around-and-hope-for-the-best testers be useful? At this point he needs proper dev testers. It's a fairly technical project and there is no UI for the layman to test (like AE). I believe he needs coders to write unit tests (java coders). Let me know when you need the latter group! |
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"BlackCoin is the first hybrid PoW/PoS altcoin to hit the Proof of Stake only stage. This means BlackCoin is unmineable and new coins will only be created by the Proof of Stake algorithm"
Can someone explain the concept of creation only through proof of stake algorithms rather than mining?
Like mining, in POS the person who forges a block gets a reward. In mining, these coins are created out of thin air (inflation that devalues the coin). In POS, the block will contain a number of transactions. Each of these would have paid a transaction fee to be in the block. It is these transaction fees, collected together, that are the reward in POS. The more transactions in a block, the higher the reward. The more the POS crypto is used, the more transactions there are. |
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Do we need 'proper' testers or can click-around-and-hope-for-the-best testers be useful? |
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How can a coin with a one minute blocktime achieve "10 second transactions" regularly enough to warrant using it as a headline feature? Sure, you might hit the odd 10 second time for first confirmation (you could be lucky and hit 1 second) but you could just as easily get 50 seconds or 59 seconds. And how much did you pay the editor of this article to let this and other ropey claims/opinions through as news? Would/did coindesk have published this article? Bump. Can you answer ^^this^^? |
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I would remove the bitbucket link from your post The reason is that anyone quoting you (or indeed you yourself! ) could change the link to point to modified software (and change the SHA256 to match) that, for example, logs people's passphrases who use it. Anyone remember EvilThomas? As an example, I have changed the name in the quote above to include 'fkstl' which means, Nxt 'Fakestealing' account and repointed it to megupload. Did anyone notice that I'd changed it? Don't worry, it isn't a proper file but it my point is it could be. People might not know the real versions are uploaded to bitbucket under jl's name and would be happy using a mega address And it looks completely legit! I would use https://nxtforum.org/nrs-releases for safety and then name the version when spreading the word. Then just quote any text in the change log without download links |
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*DUF snipped*
...we would essentially have an effective money system...
*snipped never sell campaign*
Finally, someone is getting it The change in thinking from Crypto coin to Crypto platform, from Crypto 1.0 to Crypto 2.0. BC has a lot of catching up to do but this is encouraging. Then hopes dashed as post descends into farce What features will encourage BC to be adopted for an effective monetary system/Cryptoplatform? You'll be aware there are already a few players in this arena. i think government acceptance and recognition of crypto-currencies as "property" being written into law is enough to make this viable. this is a product with steady investment and increasing value. if we could make the necessary arrangements with enough merchants we effectively have a method of holding savings with appreciation.. not from cashing out on other buyers.. but from having to use smaller and smaller fractions to pay for the same goods each time around. the opposite of what money does.. with fiat.. today it's 50 cents for a coke, tomorrow it's $3. this is more like, today it's 50 cents.. tomorrow it's 49. it really all depends on the participants. and no im not aware of the cryptoplatform thing. got a link? I will post but PM me if it gets deleted. Nxt - Decentralised Asset Exchange. Aka, coloured coins and step one of any cryptoplatform to be in control of the levers of commerce. Link is: https://bitcointalk.org/index.php?topic=587007.msg6437914;topicseen#newCounterparty and Mastercoin have launched asset exchanges (based on BTC so still slow transactions, as far as I'm aware) but I don't have any links. others might. I have been following Nxt the closest (1 minute blocktime like BC but InstantDEX allows 3-5 second trades reliably). I have not seen a Peercoin/Novacoin or their clones come out with anything like this but would like to know if they have? |
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*DUF snipped*
...we would essentially have an effective money system...
*snipped never sell campaign*
Finally, someone is getting it The change in thinking from Crypto coin to Crypto platform, from Crypto 1.0 to Crypto 2.0. BC has a lot of catching up to do but this is encouraging. Then hopes dashed as post descends into farce What features will encourage BC to be adopted for an effective monetary system/Cryptoplatform? You'll be aware there are already a few players in this arena. i think government acceptance and recognition of crypto-currencies as "property" being written into law is enough to make this viable. this is a product with steady investment and increasing value. if we could make the necessary arrangements with enough merchants we effectively have a method of holding savings with appreciation.. not from cashing out on other buyers.. but from having to use smaller and smaller fractions to pay for the same goods each time around. the opposite of what money does.. with fiat.. today it's 50 cents for a coke, tomorrow it's $3. this is more like, today it's 50 cents.. tomorrow it's 49. it really all depends on the participants. and no im not aware of the cryptoplatform thing. got a link? I will post here but PM me if it gets deleted. |
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