Please read the following carefully:The fees will be higher this time than with exo_coin because the bitcoin price has fallen dramatically since I originally set those prices. I hope you will understand. The fee will be 0.02 BTC or 0.9% which ever is greater. Additionally you MUST BE IN PERSONAL POSSESSION OF AT LEAST ONE OF THE PRIVATE KEYS THAT YOU SEND FROM I will require digital signatures to release any funds or make any changes to the status of your order. Don't worry, its not as complicated as it sounds and I will be here for anyone who needs help to walk them through every step. You don't even need to know how digital signatures work yet, I can help you with that when the time comes, for now though just make sure that you send from a software client located on your machine or if you prefer e-wallet than use blockchain.info DO NOT SEND DIRECTLY TO ME FROM AN EXCHANGEOk so if you have read everything carefully and agree to these terms feel free to send to this address when ever you are ready. 1PT7jU42DQfVecwqBAnrT49gJhfVm3YyBz *edit* Din if you would like you can just copy this whole message into the OP. I think it will get buried here pretty quickly. Great to have you Anon136. A link to this info is now in the OP post. very good and best of luck to you! |
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network topography is not a quantitative quality. the idea that we can define its qualities in an objectively valid way presupposes that we have a better solution to exactly the sorts of problems that proof of stake blockchains were invented to solve in the first place.
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Please read the following carefully:
The fees will be higher this time than with exo_coin because the bitcoin price has fallen dramatically since I originally set those prices. I hope you will understand. The fee will be 0.02BTC or 0.9% which ever is greater.
Additionally YOU MUST BE IN PERSONAL POSSESSION OF AT LEAST ONE OF THE PRIVATE KEYS THAT YOU SEND FROM I will require digital signatures to release any funds or make any changes to the status of your order. Don't worry, its not as complicated as it sounds and I will be here for anyone who needs help to walk them through every step. You don't even need to know how digital signatures work yet, I can help you with that when the time comes, for now though just make sure that you send from a software client located on your machine or if you prefer e-wallet than use blockchain.info DO NOT SEND DIRECTLY TO ME FROM AN EXCHANGE
Ok so if you have read everything carefully and agree to these terms feel free to send to this address when ever you are ready.
1PT7jU42DQfVecwqBAnrT49gJhfVm3YyBz
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we are trying to make 10 or so blocks reliably predictable and 1440 blocks reliably unpredictable at the same time.
So wouldn't a POW block break this? Say POW block is in 3 blocks, but we want the 10th block to be predictable? i explained how that could be addressed a few posts back. |
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please dont do this on our blockchain. the last thing i want is the feds breathing down my neck. the code is open source go fork it and make SilkRoadCoin.
but in answer to your question, technically, yes, a blockchain could be used to solve these problems. not asset exchange though. thats not what asset exchange is for. its for trading homogeneous resources not heterogeneous resources. "weed" for example is heterogeneous so weed colored tokens wouldn't work well in the asset exchange. what you want to do is outline a protocol for interpreting arbitrary messages in a way that is relevant to running a marketplace not an asset exchange.
I think you are wrong here, Anon. Suppose I'm a weed dealer called Mr. Green. Suppose I get 10 oz. of product in from my supplier. I can issue an asset called "1 oz Mr. Green's Dank Bud" and issue 10 shares of the asset. Dealers develop reputations for quality of their product, so 1 oz. from Mr Green may be worth less than 1 oz from Mr. Purple, but as far as a buyer is concerned...an ounce from Mr. Green is fungible with any other ounce from Mr. Green. And not for nothing, but Bitcoin would probably never have gotten out of Mom's basement if it weren't for the appearance of the Silk Road early on in Bitcoin's history. You're probably right that there are more elegant ways to run such a marketplace, but to say it couldn't be done in the AE is being shortsighted, IMO. I could be wrong. if they could keep there quality consistent enough than it could work. the thing is that there probably wouldnt be a huge advantage for mr green of allowing people to trade greens dank tokens amongst themselves rather than just selling to them directly. though there could potentially be the advantage of giving him some really solid price signals to help in the running of his business. i may in fact have been wrong about this. it may infact be good for mr green if he produces a steady supply of reliable constant quality, not so good for some guy who gets meth or something from different sources all of the time with varying quality. good for producers themselves who can guarantee a constant quality and constant supply, bad for resellers who just resell what ever they can get their hands on. |
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For that matter isn't the whole idea of waiting 1440 blocks that there is no way of predicting what every single person involved will do? This works right?
That works and doesn't cause any issues, we're just trying to shorten this time right?
we are trying to make 10 or so blocks reliably predictable and 1440 blocks reliably unpredictable at the same time. |
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Synthetic metal might come first  I really don't know what to think about it i wouldn't be too concerned about synthetic atoms myself  |
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my daughter just came in here naked and when i asked her why she was nudie she says "want pink shirt not blue shirt"...
I expected to hear something like "gimme NXT to buy shirt"... she has 1000 nxt in her money box. she doesnt know what it is. i put it on a bitcoin paper wallet and she just calls it q-car-code (her way of saying qrcode). but she knows its valuable, she keeps it safe and doesnt play with it. she gets that its money or something proximate. shes ahead of the curve then when it comes to (im guessing) 3 year olds lol 2.5 |
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how else can i sell my stake?
You can just ask for a refund. Anon136 don't want to change eXo coin early birds investor. Because if he do that, they'll create a market, an people will sell 1 BTC early birds for 2 BTC ... Just ask a refund if you want your LTC back. What the early investors do behind the scenes is not the business of exocoin or anon. If i get a good offer I would sell otherwise i wait this one out. sure that person would just have to trust you is all. |
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kodtycoon has pulled out. check spreadsheet for details.
What is the link ? spreadsheet is private because some people didn't wish to have their identities revealed. exo_coin has link. |
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Exciting news to people who are interested in this coin and my escrow service. I will be offering escrow to anyone who is interested with the same sort of arrangement as exo_coin. You will be able to pull your money out at any time for any reason. there will be some rule changes this time so be prepared for that I will post specifics when the escrow phase becomes available (i am told that it is not available quite yet). Good luck investors!
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my daughter just came in here naked and when i asked her why she was nudie she says "want pink shirt not blue shirt"...
I expected to hear something like "gimme NXT to buy shirt"... she has 1000 nxt in her money box. she doesnt know what it is. i put it on a bitcoin paper wallet and she just calls it q-car-code (her way of saying qrcode). but she knows its valuable, she keeps it safe and doesnt play with it. she gets that its money or something proximate. |
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The problem I see is people use Atomic CCT so it would need some kind of entry....
Sure - so the main point being that what I was talking about allows you to trade "one Asset for another" (in the Nxt system) and to do that "atomically" (through an AT). Maybe "Atomic Asset Transfer" works better? if you have really figured this out CIYAM than my hats off to you. im not even going to ask how it works because i already know that i wont be able to understand. that is several tiers of amazing above my head. |
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my daughter just came in here naked and when i asked her why she was nudie she says "want pink shirt not blue shirt"...
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 we could just do 1 pow block every 24 hours and extend the active stake holding time out from 1 day to 3-7 days. (which it always should have been imo anyway). 1 pow block per day isnt that bad is it? and it would give us soooo much extra security. Doesn't this ruin "transparency" of forging for blocks that r close to a moment when a PoW block to be generated? not necessarily. first you decide how many blocks into the future it is ideal for people to be able to predict. lets say 10 as an offhand example. once someone submits a valid pow block you could record it then but not have it effect the process of deduction until 10 blocks after its submission. so for example say it was submitted as block 100,000. you could make it so that that hashing this block isnt part of the generation sigature perramiter until block 100,010. its actually a really really solid solution the only drawback is that everyone will say "na na na boo boo we told you so"  *edit* also i need to give credit to my uncle, it may actually be his idea, we arnt sure who thought of it first. |
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there is 1 really solid solution that you arnt going to want to hear
What is it? Let me guess, proof of work? we could just do 1 pow block every 24 hours and extend the active stake holding time out from 1 day to 3-7 days. (which it always should have been imo anyway). 1 pow block per day isnt that bad is it? and it would give us soooo much extra security for so little extra cost. *edit* actually the holding time should be measured in POW blocks if we did something like this. say a holding period of 6 pow blocks for example would be SUPER secure. |
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kodtycoon has pulled out. check spreadsheet for details.
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But maybe since then it became more clear?..
Do u have any ideas how it's better to implement Transparent Forging? The goal is to find an optimum where we can predict few blocks in advance but noone could game the system by preparing such accounts that he would be able to forge a lot of blocks in the row. there is 1 really solid solution that you arnt going to want to hear |
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so i was thinking. perhaps one way that i could avoid running afoul of the law on my nxt silver bullion gateway is to emulate a dry cleaners. dry cleaners take in cloths, issue a claim check for those cloths, alter the state of the cloths, and then return them in exchange for the claim check. for some reason unknown to me this claim check is not considered a "security" under financial regulations. Technically it should be, you can leave your cloths at the dry cleaner for an extended period of time and then sell the claim check to someone else and then that person can use the claim check to acquire your cloths, the dry cleaner claim check is a security in every sense of the word but legally it just isn't. So what ever the reason for that is, which i dont know, i can use it to my advantage by emulating that business to a t.
so lets imagine that i am a silver dry cleaners and the melting of silver shot into a bar is the analogue of dry cleaning the cloths, the silver shot is the dirty cloths, and the silver bar is the clean cloths. You buy 10 ounces of silver shot from some online retailer and set the address for delivery as a POBox of my specification. You then use your nxt address to sign the tracking number of the order and send me enough nxt to pay for the "cleaning". The "dirty" silver arrives at my shop and I issue you a claim check. After enough time has passed for me to "clean" the silver that claim check will become redeemable for silver that is now in the form of a bar. From that point on if other people want to trade that claim check amongst each other than thats none of my business. If there are legal ramifications than the onus is on them, it has nothing to do with me.
the nice thing is that there will still be a market for my claim checks but i will never under any circumstances be one of the sellers in that market. so if you want to acquire physical silver than the process will be no more complex for you. you will simply buy one of these claim checks on the market from someone other than me and then reimburse it at my nxt address. The people who deal with ordering silver shot and shipping it to my po box will be in a sense speculators trying to take advantage of arbitrage and for that service they will be affording me a level of legal protection.
one would think that since now there is a new middle man between me and the consumer that this would cause the price to be higher but i dont think this is necessarily the case because there is an advantage to be gained from outsourcing the acquisition of silver shot, a large group of people competing with each other to find cheaper supplies than the other will probably be much more effective at acquiring cheap silver shot than i could be on my own.
tell me what you guys think.
The analogy with the dry cleaners and talking about 'dirty silver', will make some people chuckle. In the UK dry cleaners are sometimes called, launderettes. Anon, what specific reg or law are you concerned with? im worried about failing into the bailiwick of either the cftc or the sec and being subject to regulations requiring financial licensing bondage and insurance. i dont know specifically what the regulations are that i may be transgressing. i couldn't tell you what book to look in and what page to look on. sorry. In not in the US, so not much empathy and understanding of regs and laws here, but I really dont see a huge problem, considering the initial amounts involved here. If it was me, i would incorporate a standard retail company solely for this purpose so as to ring-fence potential problems down the road. I know that sounds flippant, but its baffling sometimes for non-US peeps to understand how much time and energy the US uses up, worrying about what or what not, the authorities can or cant do. I appreciate its better to be informed and ready, but would you really expect to appear on a bad-actor radar, as a new company turning over $20000 in the first year? Just do it.  yep im going to. if i make any profit than ill probably use it to build better legal protection. when i make enough profit to hire a lawyer i will do that and when i make enough profit to get licensed and bonded and insured than i will do that. until then though i dont want to spend money on those things if this isnt even a profitable business model. so lets find that out first. atleast until the point that i can afford those legal protections there is some protection from the fact that this is all brand new uncharted territory and so a definite legal grey area. |
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the middle line on the e should just go all the way through to the center
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