well good im going to take this as a blessing from those who frequent this thread. im so excited. i ordered my kiln from hong kong so thats going to take a while but i just got my mold in today  i cant wait to start pouring bars. ive always wanted to do this. if anyone wants to help me source material in exchange for being one of the few retailers of the asset than send me a pm! you can even send me 1/10th of an ounce of silver in exchange for 0.09 tokens. no amount is too small |
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these guys say it was stolen by hackers. has anyone seen any hard work on some innovative source code to show that they were making something new and useful before they got hacked?
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I'm a Rand Paul Republican which is the growing brand in the GOP. Or course, I have ancap roots but will work w/i the system to attempt to downsize it to nil.
Good luck with that! i truely hope you meet with some success. But as stefan molyneux always says, if you have grand aspirations you should always test on a smaller scale first. Like if you ever watch the myth busters they always start with a small boat in a fish bowl before they move to renting out some cargo ship. You should try infiltrating the local mafia and turning it into a charity organization first. IF you can manage to do that than you could prove the concept on a small scale fist, then you could show that there is atelast a chance that the basic idea is possible on a larger scale. |
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Does it seem ok to everyone here for me to advertise my project once per day?
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I am sending a letter to Tom Taylor this week. It explains that the reason he has not heard from me is because I have been shopping at Overstock, which is true.
Well I cant match that but i did leave them feedback on how to improve their service  |
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nice coin but it's too tedious to install java ,if not change anymore , other gen2.0 will take place of the coin
I've never had to install java before  |
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The main reason they dont work is unlike bitcoin there is no cost to a double spender known as "nothing at stake". An attacker can keep trying forever to double spend with no cost.
Is that the definition of double spending? Submit a transaction spending your coins twice to different accounts. << I can do that with every coin. If you mean selfish mining, that is possible with Bitcoin, too. Anyway this discussion here is about PoS - pros+cons. It is not about "Bitcoin against Othercoin". Yes that is what a double spending. With bitcoin you can do it after a block is verified but it will cost you 500 million to buy the ASICS and gain 51% of the network. With PoS you can keep trying with no cost until you make. Thats a con and thats why I mentioned it. sorry but you don't know what you are talking about. of course you can try to author blocks that you are not elligable to author but what good would that do? the network isnt suddenly going to forget the rules and just allow you to author a block that you are not entitled to author simply because you asked so many times. maybe that would work with peercoin. im not a peercoin expert. but certainly not with nxt. |
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just showed my latest article and infographic to CEO of Overstock and he was so excited, he will probably be issuing Overstock assets via our AE if that actually happened i would definitely have to pinch myself to see if i was dreaming. |
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i suppose ill go ahead and subscribe to this thread.
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There are a LOT of advantages to proof of stake.
Harder to 51%
Attacks on network security make other stake owners wealthy at the expense of the attacker.
They can have faster block times.
They dont need to consume a huge amount of energy in order to remain secure.
It becomes possible to layer novel trust based mechanisms ontop of the core.
Possible to make them much more decentralized since it doesn't require special equipment to "mine".
I'm sure there are even more that im not thinking of now.
As for whether they "really work" there were some serious problems with peercoin and its forks. Those types of proof of stake didnt really work. The nxt devs solved all of those problems. Nxt and its forks do work.
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The Asset Exchange will go live in Nxt at block 135,000! A lot of work has been done to reach this landmark. Great work guys. I wish I owned more NXT. For those interested in Launch day (or soon after IPOs) on the Asset Exchange, you can look here for a list of companies that have made annoucements (though I have been meaning to update the OP so it is easier to follow ) James is launching a couple of his interesting projects and Graviton will be moving DGEX shares to the exchange in the days/weeks after initial launch. Anon136 has announce his silver bullion company but in the forum but has yet to confirm in the thread below his intentions. Exciting! https://nxtforum.org/news-and-announcements/asset-exchange-ipos-launch-day-listings!/suppose i'm trading one of Anon136's silver bullion coupons on the NXT decentralised exchange. Can I redeem it for the silver bar and how? You can redeem 10 for a silver bar. It's not worth my time to cast 1 ouce bars so the smallest denomination will be 10 ounces. All you do is send the token back to the address that it was issued from with an arbitrary message attached containing your geographical address. im trying really hard to streamline the process so that nothing complicated like paying extra for shipping has to be worried about. just head onto the exchange, buy 10 tokens, send to my address with your geographical address attached and wait for the bar to arrive shortly. |
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UPDATE Bars will be hand poured style since i could never find a machinist to take the job for my original mold design.
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can someone explain to me how this is supposed to decentralize the internet? does it provide incentives for entrepreneurs to provide parallel or alternative data transmission models. does it reward mesh net node operators? i cant find anything about this sort of thing. From what i read it looks like a new layer that is going to be added to the top of existing infrastructure, if this is true it wouldn't be decentralizing the internet at all. decentralizing data storage maybe. but "the internet" can only be defined as the network of cables and satellites that connect computers. the internet is a collection of physical objects like routers and fiber optic cables and satellites, not data or information abstractions.
At present operators who provide storage to the P2P network are rewarded. I don't know why you did not read that in the whitepapers. There are two big problems with cloud storage operators: (1) The possibility that the business is shut down (see case of megaupload) (2) The lack of privacy. Maidsafe decentralizes the storage of data and therefore of information. i mean yea you can read right there in my quote that i said "decentralizing data storage maybe" and then went on to draw the distinction between decentralizing the way that data is stored and decentralizing the internet. so i take it from your comment that your are saying that you do not know of any mechanism in maidsafe that will act as incentive for the decentralization of the internet? It's probably best to direct your question at Fraser Hutchinson Maidsafe's most credible staff member on the development board rather than ask someone who doesn't understand your question https://groups.google.com/forum/?hl=en#!forum/maidsafe-development perhaps but i was trying to avoid wasting the time of someone important if there were people here who knew the answer. maybe thats not going to happen though. point taken. |
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can someone explain to me how this is supposed to decentralize the internet? does it provide incentives for entrepreneurs to provide parallel or alternative data transmission models. does it reward mesh net node operators? i cant find anything about this sort of thing. From what i read it looks like a new layer that is going to be added to the top of existing infrastructure, if this is true it wouldn't be decentralizing the internet at all. decentralizing data storage maybe. but "the internet" can only be defined as the network of cables and satellites that connect computers. the internet is a collection of physical objects like routers and fiber optic cables and satellites, not data or information abstractions.
At present operators who provide storage to the P2P network are rewarded. I don't know why you did not read that in the whitepapers. There are two big problems with cloud storage operators: (1) The possibility that the business is shut down (see case of megaupload) (2) The lack of privacy. Maidsafe decentralizes the storage of data and therefore of information. i mean yea you can read right there in my quote that i said "decentralizing data storage maybe" and then went on to draw the distinction between decentralizing the way that data is stored and decentralizing the internet. so i take it from your comment that your are saying that you do not know of any mechanism in maidsafe that will act as incentive for the decentralization of the internet? |
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can someone explain to me how this is supposed to decentralize the internet? does it provide incentives for entrepreneurs to provide parallel or alternative data transmission models. does it reward mesh net node operators? i cant find anything about this sort of thing. From what i read it looks like a new layer that is going to be added to the top of existing infrastructure, if this is true it wouldn't be decentralizing the internet at all. decentralizing data storage maybe. but "the internet" can only be defined as the network of cables and satellites that connect computers. the internet is a collection of physical objects like routers and fiber optic cables and satellites, not data or information abstractions.
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NXT has a lot of innovative stuff coming out....yet the price just drops like a stone....right or wrong the inital IPO is killing NXT
Lol! You people crack me up. Have you guys noticed that there are a few more coins besides Nxt that are going down in price.... Peercoin, Ripple, Dogecoin, Mastercoin... Litecoin.... Bitcoin. Seriously people. The initial IPO doesn't MATTER and has nothing to do with the price drop! It could have started with 3 stakeholders or 5000 stakeholders and the end results would be the same. If people want Nxt to be mass adopted (that is used by millions if not hundreds of millions of people), than could someone please explain the difference between an IPO of 5 people vs 73 people vs 10,000 people? It's purely psychological/emotional. All I read about involving Nxt (and others) on these forums is "fair distribution" this, "unfair distribution" that.... You people are killing me. 'Unfair' is just a made up word that people can apply to any situation that they feel at a disadvantage. Uhh... Not to mention, I believe Nxt has already achieved a better distribution than bitcoin. And jubalix, although I disagree with you on why the price is going down, I'm not saying you believe all this (don't know if you do or not). I just can't stand all the people that complain about the initial distribution without looking at the facts or thinking anything through. They are right, not to recognise that NXT has been severely damaged by people perceptions of 'fairness' of the distribution is not to recognise the bigger picture. yeah most coins are down, but early on NXT was swimming against the flow no problem. NXT should be 5-10 times the price it is now if based simply on the innovation of the system. If NXT had a perceived better distribution then neoplasm wouldt of run to NEM and other clones. I can't see a price rise coming until NEM and other major clones are out and people can reappraise the situation and value. i just try to remind people that the lack of "fairness" in the distribution is what payed for nxt development. a more "fair" coin would never have come into existence because it would have never raised the funds necessary to finance its development. all of these other people who just copy that hard work of the nxt developers and claim that their coin is more "fair" isn't fair at all because all of those people who payed for the tech to be developed that they are using are being ripped off (in an abstract way). im sorry but i just wont get into a nxt clone that doesnt actually innovate and only claims to be more "fair" because ripping off all the people who payed for that software to be developed isnt fair at all. |
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I will have to agree. Anon and escrow.ms you might be turning some people away with your requiring private keys. Some people are noobs and don't understand how things work. It's also a moot point, because we are not talking about shitloads of money per person here. So the chances of someone hacking their bitcointalk account just for that .1 to 2 BTC is rather low.
Requiring a PM with the tx id and a receiving wallet address should be more than enough security.
You could also let people opt-in to withdrawal only by private key proof. That way those who are investing more can choose a hightened security (and pay a higher fee).
You might consider adjusting your terms.
I never said It's a mandatory requirement, you can check my other IPO's Most investors didn't sent any keys to me, If it's hard use can send funds and ask escrow provider about it. But I will sure remove that requirement from future escrow upon one condition which is, if user wants refund he need to prove that he sent those funds from his wallet. Most escrow providers encourage users to send funds from their own wallet due to security and for refund process. (Ie: If some investors account got hacked, he can simply ask escrow provide to give refund on different address) In this IPO,I think main issue was fees.. (Anon136, please don't mind) which was.. My fees are 0.02BTC or 0.9% which ever is greater and it will be taken off the top when ever i release or refund those coins.
If some investor wants to send 0.1 btc, 0.02 BTC is too much. https://blockchain.info/address/1KFtdiVELBcaVtaueqf8RJBkoZnjHbshKA That's how much I value my time. The amount they send doesn't effect the amount of time it takes to process their order and handle the necessary customer service and it doesn't change how much I value my time. |
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So why did some people not use escrow? What was the reason for it?
Escrow fees. How much it was btw? 1% right? 5$ to keep 500$ safe is not bad at all and I'm not sure why investors were paying escrow fees, they should have demanded escrow service from dev on his own expense. In H2O Coin's IPO Dev paid escrow fees. i think ppl just be lazy and not familiar with escrow.
I will have to agree. Anon and escrow.ms you might be turning some people away with your requiring private keys. Some people are noobs and don't understand how things work. It's also a moot point, because we are not talking about shitloads of money per person here. So the chances of someone hacking their bitcointalk account just for that .1 to 2 BTC is rather low. Requiring a PM with the tx id and a receiving wallet address should be more than enough security. You could also let people opt-in to withdrawal only by private key proof. That way those who are investing more can choose a hightened security (and pay a higher fee). You might consider adjusting your terms. its not that. thats not why i personally require people to have their private keys. i do it because it allows me to use the blockchain its self for all of my accounting and thus cuts my workload atleast in half. that allows me to offer lower prices and services more customers in total. |
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Now offering escrow for this project. Read the following carefully before sending
The way this works is that I will create an address specifically for this project. If you wish to use my escrow for this project you will have to send to that address. I will receive the coins and hold onto them until I receive explicit instructions from you on where to send them. If you want me to send them anywhere other than the address they came from than I will require those instructions to be digitally signed by one of the addresses you sent from. This means only send from an address that you control i.e. satoshi client on your desktop. DO NOT SEND DIRECTLY FROM AN EXCHANGE, IF YOU DO THAN YOU WILL LOSE YOUR BITCOINS. I know this may sound a bit confusing but its actually quite simple and I will be here to walk you through the process if you need help. My fees are 0.02BTC or 0.9% which ever is greater and it will be taken off the top when ever i release or refund those coins.
If these terms seem suitable to you than you may send to the following address when ever you are ready.
1Dkh4oqMmXLavHV3Xms7bCDXnkaTMDnDB4
Keep in mind that I am using the blockchain for all of my accounting so you don't actually need to tell me that you are sending or have sent but it may be smart to let the developers know that you are using my escrow.
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