Community's Opinion I'm in need of your personal/professional opinion: - A while ago, I got a Pm from AhmedAshraf: He is willing to include the following sources: Blog Twitter Google + Facebook Youtube Reddit
The questions that i would like to propose to discuss are: - Do we need such an application?? - He offers to build 3 packages for different OS, @ .6Btc in node equivalent, is the price competitive?! - Should we concentrate this app on mobile only? - Is the Windows platform a must ?? How many of you use windows 8 OS and Windows phone?? - Will you use this application, as a daily source of information? - Will it represent value to the community? Please express your opinion regarding this subject, and don't hesitate to add your 2 cents! It's a waste of funds, not many people have windows phones and windows 8 isn't very popular either. Plus the POA isn't done yet, I think it is unwise to advertise features that have not been completed it..There are people in the community that want to help and they will do a better job as they care more about the success of NODE. |
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Some people are forgetting about Nodes two strengths:
1: Fast transactions - If Node can pull this off without having double spends, sync issues, forks etc. this will be a huge benefit over other cryptos. Having natively fast transactions is a must.
2: Their focus on Payment Processing - This is what cryptos should be, a means for fast, secure payments with low fees. Not replacing Fiat but giving people a different (and hopefully better) way to conduct transactions.
Cryptos are hitting average joe with too much to soon, baby steps are needed to show them the way.
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The dev has made updates on the website. The community seems to be big enough that there should be a forum on the website. The most successful coins have communities outside bitcointalk. Just my 2 cents.
What's the point having a forum if the devs do not communicate more? +1 |
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Hopefully the devs look at the problems Crypti are having so they don't run into the same thing.
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PoA is new unique technology
Where can I learn more about the Proof-of-Activity (PoA)? It's in the whitepaper, check the OP for link. |
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Supply and demand works both ways. If demand falls then the system would have to remove NEM from circulation (tax) or some NEMbank would have to create fake demand - both scenarios would be PR disasters. Give someone a reason to buy NEM if they're being subject to all these taxes / fees / inflation? Forget it - they'll be walking to the nearest Vanguard Investment Branch or would be looking at real estate investments. Obviously I am not blind and I see what you are attempting to do. You want us to implement eMunie's system but eMunie's system has long been debated on Bitcointalk and most people are against it. I am not trying to get NEM to implement eMunie's system, I don't think it will work (the supply and demand model). I am just pointing point out economics 101, but as seems to be the case around here, if someone takes a different approach then that must mean they have a agenda. If you want NEM to be a success then take a look at what other cryptos are doing (besides NXT), there are some good ideas out there. |
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Proof Of Importance? based on what?
POI is based on serveral things: How much NEM you have, how much NEM you are transferring to others, how much NEM other are transferring to you. The exact formula is not set in stone so far. That's we are a little vage how it works in details. I would really like to see a third aspect which is how long the NEM client/node has been running put in the mix too. This could help to encourage more people with smaller amounts of NEM to also turn their client on and leave it on in the background. Hopefully someday the network will be supported by lots and lots of regular people. Node Coin https://bitcointalk.org/index.php?topic=590421.0 has gone with client time (one point per second) and spending score (one point per coin spent) and then which ever Node has the highest score is more likely to harvest. I think this is good, but they are missing the "coins received" and traditional Proof of Stake found in NEM. Crypti has also added proof of merchant, which means that special merchants that register can get a discount on transaction fees. By doing this, they can also be rated and won't be anonymous. A trait that we actually want when buying something from another. Basically as buyers we want to be anonymous and have our privacy protected, but at the same time we want the exact opposite for merchants. We want merchants out in the open and their history and reputation easily known. Basically, we want to know who we are sending our money too and what kind of person they are. This power in reputation has been a huge part of the success of Amazon and Ebay and really should also be incorporated into crypto too. I would call this PoS^4 Proof of Stake - Money held in account Proof of Spend - Money going in and out Proof of Service - How long a node has been supporting the network Proof of Status - Registering with the network and allowing a reputation status You wouldn't want to choose harvesters based on just running a node, as that is too easy to attack (you don't want to make it easy for people to be able to control when they harvest). However, we are currently trying to find a way to reward nodes who are active and also have a reputation for sending valid data (as determined by eigentrust++). The problem is, how do you keep track of the active nodes that are online at any given time? How about sending out rewards to nodes just once a month? Using data from eigentrust++, nodes who have gained a certain reputation level (this is where the smart kids come in and crunch numbers to find that level) get a share of the rewards which are only payed out once a month and then it starts all over. Let's say there is a 25,000 NEM reward each month for nodes that have met the required reputation level, they would each receive an equal share which would be payed out at the beginning of the following month. The problem is that eigentrust++ values are local and relative, not global and absolute. Like I said, it's a hard problem  Does anyone know how Node does it? Here is a very quick overview on what emuine does: Hatchers are currently rewarded for their work with a) tx fees b) rewards. Rewards are paid out when the emunie system decides to create new EMU. 50% of all newly created EMU are paid out to hatchers. These 50% are divided among the hatchers in proportion to the hatching work they have done. Afaik hatcher are special nodes so emunie is not 100% decentralized. I'm not saying that's a bad thing - just pointing out the difference. Paying out rewards to all harvesting nodes isn't a bad idea. It would however introduce inflation. What does the rest think about this ? Inflation in NEM ? If it's a very small inflation it could be a good thing. Not sure why you think hatchers are special nodes, anyone can be a hatcher just like anyone can harvest. You have to be carful with inflation, if there is no way to destroy coins then inflation could get out of hand. |
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Proof Of Importance? based on what?
POI is based on serveral things: How much NEM you have, how much NEM you are transferring to others, how much NEM other are transferring to you. The exact formula is not set in stone so far. That's we are a little vage how it works in details. I would really like to see a third aspect which is how long the NEM client/node has been running put in the mix too. This could help to encourage more people with smaller amounts of NEM to also turn their client on and leave it on in the background. Hopefully someday the network will be supported by lots and lots of regular people. Node Coin https://bitcointalk.org/index.php?topic=590421.0 has gone with client time (one point per second) and spending score (one point per coin spent) and then which ever Node has the highest score is more likely to harvest. I think this is good, but they are missing the "coins received" and traditional Proof of Stake found in NEM. Crypti has also added proof of merchant, which means that special merchants that register can get a discount on transaction fees. By doing this, they can also be rated and won't be anonymous. A trait that we actually want when buying something from another. Basically as buyers we want to be anonymous and have our privacy protected, but at the same time we want the exact opposite for merchants. We want merchants out in the open and their history and reputation easily known. Basically, we want to know who we are sending our money too and what kind of person they are. This power in reputation has been a huge part of the success of Amazon and Ebay and really should also be incorporated into crypto too. I would call this PoS^4 Proof of Stake - Money held in account Proof of Spend - Money going in and out Proof of Service - How long a node has been supporting the network Proof of Status - Registering with the network and allowing a reputation status You wouldn't want to choose harvesters based on just running a node, as that is too easy to attack (you don't want to make it easy for people to be able to control when they harvest). However, we are currently trying to find a way to reward nodes who are active and also have a reputation for sending valid data (as determined by eigentrust++). The problem is, how do you keep track of the active nodes that are online at any given time? How about sending out rewards to nodes just once a month? Using data from eigentrust++, nodes who have gained a certain reputation level (this is where the smart kids come in and crunch numbers to find that level) get a share of the rewards which are only payed out once a month and then it starts all over. Let's say there is a 25,000 NEM reward each month for nodes that have met the required reputation level, they would each receive an equal share which would be payed out at the beginning of the following month. The problem is that eigentrust++ values are local and relative, not global and absolute. Like I said, it's a hard problem Does anyone know how Node does it? Here is a very quick overview on what emuine does: Hatchers are currently rewarded for their work with a) tx fees b) rewards. Rewards are paid out when the emunie system decides to create new EMU. 50% of all newly created EMU are paid out to hatchers. These 50% are divided among the hatchers in proportion to the hatching work they have done. |
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Proof Of Importance? based on what?
POI is based on serveral things: How much NEM you have, how much NEM you are transferring to others, how much NEM other are transferring to you. The exact formula is not set in stone so far. That's we are a little vage how it works in details. I would really like to see a third aspect which is how long the NEM client/node has been running put in the mix too. This could help to encourage more people with smaller amounts of NEM to also turn their client on and leave it on in the background. Hopefully someday the network will be supported by lots and lots of regular people. Node Coin https://bitcointalk.org/index.php?topic=590421.0 has gone with client time (one point per second) and spending score (one point per coin spent) and then which ever Node has the highest score is more likely to harvest. I think this is good, but they are missing the "coins received" and traditional Proof of Stake found in NEM. Crypti has also added proof of merchant, which means that special merchants that register can get a discount on transaction fees. By doing this, they can also be rated and won't be anonymous. A trait that we actually want when buying something from another. Basically as buyers we want to be anonymous and have our privacy protected, but at the same time we want the exact opposite for merchants. We want merchants out in the open and their history and reputation easily known. Basically, we want to know who we are sending our money too and what kind of person they are. This power in reputation has been a huge part of the success of Amazon and Ebay and really should also be incorporated into crypto too. I would call this PoS^4 Proof of Stake - Money held in account Proof of Spend - Money going in and out Proof of Service - How long a node has been supporting the network Proof of Status - Registering with the network and allowing a reputation status You wouldn't want to choose harvesters based on just running a node, as that is too easy to attack (you don't want to make it easy for people to be able to control when they harvest). However, we are currently trying to find a way to reward nodes who are active and also have a reputation for sending valid data (as determined by eigentrust++). The problem is, how do you keep track of the active nodes that are online at any given time? How about sending out rewards to nodes just once a month? Using data from eigentrust++, nodes who have gained a certain reputation level (this is where the smart kids come in and crunch numbers to find that level) get a share of the rewards which are only payed out once a month and then it starts all over. Let's say there is a 25,000 NEM reward each month for nodes that have met the required reputation level, they would each receive an equal share which would be payed out at the beginning of the following month. |
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Whitepaper is extremely vague and English is horrible.
Lol.. english is horrible and estonian? is also horrible? What did you expect? A technical explanation from a dev point of view? It was supposed to be this way. It's for normal users. Not for an expert like you who can see the matrix. A whitepaper is typically a "a technical explanation from a dev point of view". This "whitepaper" is a high-level abstract at best. Hi Jaguar, Please direct me to a cryptocurrency which, in your opinion, has published a proper whitepaper. Node paper is lacking technical content. if i can understand it, then it is a weak paper Yea, the NXT whitepaper is a good example. i just think ALL NEM devs hate NODE  some of you don't seem to understand the grave you're digging by blindly fervently a coin that is still technically weak. you are building up a hype where there shouldn't be any. when people see this thread, they get excited and want to invest right away! little do they know that this coin shouldn't have even been launched (in my opinion). once they figure this out, they dump and stay away permanently. then there are threads that I follow like BTCD/NEM/BBR where technical discussions are often taking place. these are the coins with the greatest potential because the community questions the developers and this provides a transparency to what the devs are doing. Here, this is the total opposite. Devs are quiet and hard to understand. 70% of posts are "to the moon" type. if this coin falls, it is because of the weak community that calls FUD/troll when people ask questions about the project. this cannot continue to happen if node is going to succeed. i hope the community understands what i am saying The NODE whitepaper was very transparent and concise vs the NXT paper, even though it was technical - they failed to comment on the unfair distribution! ! NXT is an elaborate ponzi scam. Sorry to hurt your feelings. what does unfair distribution mean to you? NXT distributed the same way NODE did I was pressing for details about NEM's fast exchange they keep talking about and was personally attacked in the NEM forum and that wasn't the first time either. |
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My node client is only connected to 2 peers.. is this normal?
I've seen a few people post with the same issue. Hopefully the next client will improve the connectivity. The windows client only shows two peers but they are connected to more, the dev knows and will be fixed in future clients. |
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Someone else posted this and I agree:
"Technically, the Node wins.
Crypti big and heavy client, takes a lot of memory
Node fast, small blockchain, takes no more than 70 Mb of memory."
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Been trying to find some info on forging. Does anyone know if it's automatic or do you have to turn it on? I can't seem to find an answer in my searches.
It's automatic for now and as far as I know it is random who get's picked to forge a new block (again that is just for now, will be changed at some point). |
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Found a problem with the client, I am using 0.9 and having trouble staying up to date in my client so I deleted the db folder, when I restarted the client it would start for s sec then shutdown (other people have reported this also). I restored the deleted db folder and I am currently verifying blocks.
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09 not starting  I just loaded up 09 here and works for me, Windows 7 64bit. Try running it from the command liine to see if it gives you any error message. Edit: my client isn't staying up to date  trying a restart to see if it helps. |
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Two things:
1. I just downloaded the latest wallet onto my PC and it has an execution error when I try to open it. This is the first wallet I have downloaded onto it. Suggestions on how to get it to open.
2. Does Node have an active forum outside of this thread?
1. 08 right? 2. No, just here for now |
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Hey koop
I know you have been busy just wondering if you received my last 2 pms?
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Ok so it will take More than i expected! Damn.... info graphics! Anyway i need to get some sleep! So for now i'm posting the: Short Term Development Plan See ya in the morning! It's good to see Node plans on building a solid foundation for which to build on. Good job devs! |
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Why has two of my posts been deleted?
Sorry, probably by accident! Although other mods are using my account, so i guess they have mistaken for someone else! I will find out! I apologize if this created any inconvenience! you shouldn't allow other people to use your account, this will cause problems and look like censorship. My posts didn't say anything bad. |
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