If you're asking a majority of users to run open nodes for little to no reward I can almost guarantee failure.
Not only is there no reward but under the currently proposed TF there is actually *zero* benefit (i.e. they are not helping to secure the network at all). sorry to nitpick ciyam but just to be fair it does help to protect against ddos. |
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you are most welcome. it was nice doing business with you. |
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Hi Anon136, plz kindly send me back my investment 0.1643 after fees to this address 1BoM7rt6h2JCCSyAPw3KaztBGj8wHcdcy4 I wish to be out. thank u for ur ongoing effort absolutely. confirm it in this thread if you will after you receive the funds. |
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People who are invested in Nxt will still run full NRS software just to protect the network.
People keep stating this like it's a fact. What if enough people don't do this? What is the minimum percentage of users who need to run nodes for everything to work? Most people are not rational actors, especially once NXT is operating on a grand scale. It makes me nervous that no one who is in the know has ever answered this questions when I ask it. It just gets ignored and glossed over. It's not a binary sort of thing we are talking about here. What we are talking about here is the more people are participating, or to be more specific, the more stake that is participating honestly, the more secure each confirmation is. We would need VERY few people forging and a lot of very bad people attacking for nxt to be entirely broken. What we are discussing here, what is the better more relevant question, is how to properly weigh the monetary cost of transactions against the security cost of less secure confirmations while additionally taking into consideration the cost of lost hard drive space resulting from blockchain spam resulting from low transaction fees and idea of the value of stress testing. its way more complex than "What is the minimum percentage of users who need to run nodes for everything to work?" and this is not at all the right question to be asking. *edit* also like ciyam pointed out, running nodes should be differentiated from forging. |
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@Anon136 i didn't see my fund in eXocoin investment list
since you are infact in my spreadsheet MsCollec 0.4945 BTC 28aee30e0362fd4e88bdfcc64cd24255853fba11413507fcc0b607e566d6843a 1AaCwZweeYQgtiBD2JctVT9k5LwQ6BM6pZ 0.5045 BTC you would have to talk to exo_coin about that. TO EVERYONE ELSEplease check the investment list to make sure your investment is listed. i am human and exo_coin is (presumably) human also. humans make mistakes.I am not on this list too. very good that you noticed. again though this would be something that you would have to take up with evo_coin. i have you on my spreadsheet right here iGoodw1n 0.92 BTC c872dcb33f7ed1862b1052cfcc2442ae4018fc0cea475f39b21e4589a9c79e1f 0.93 BTC *edit* you are the second to last person on the list. you may have missed the deadline. check the transaction and see when it confirmed. |
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if we are changing the fees from 1 NXT drastically to 0.01 NXT when transactions are few right now, isn't it a security concern since people will stop running nodes since there is little incentive to it?
0.01 is too low. it would not be sufficient to mitigate spamming. people would be using the blockchain like they use twitter. I don't think that's a problem. High tps should be throughly tested before there's a real need for it. wow. good argument. |
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Good video, perhaps a typo though, " Mine Forge Nxt with your smartphone or raspberry pi" or did you use mine for attraction value to a newcomer You know how I know BCNext is not a native English speaker? A native English speaker never would have used the word "forge" positively in connection with currency. I dont believe bcnext came up with that term BCNext used "mining" as I recall. How about FOGRE to avoid any confusion... LOL. I'm gonna HODL some Nxt and then use it to FOGRE. I don't get why anyone thinks the word 'forge' is going to confuse anyone. Words can have more than one meaning. No one is getting confused by the word 'mine' and thinking that this means all the coins belong to them. People will adapt to whatever you tell them it means.  I thought that's what mining meant. I'm making them mine i.e. MINEing them. |
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if we are changing the fees from 1 NXT drastically to 0.01 NXT when transactions are few right now, isn't it a security concern since people will stop running nodes since there is little incentive to it?
0.01 is too low. it would not be sufficient to mitigate spamming. people would be using the blockchain like they use twitter. |
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@Anon136 i didn't see my fund in eXocoin investment list
since you are infact in my spreadsheet MsCollec 0.4945 BTC 28aee30e0362fd4e88bdfcc64cd24255853fba11413507fcc0b607e566d6843a 1AaCwZweeYQgtiBD2JctVT9k5LwQ6BM6pZ 0.5045 BTC you would have to talk to exo_coin about that. TO EVERYONE ELSEplease check the investment list to make sure your investment is listed. i am human and exo_coin is (presumably) human also. humans make mistakes. |
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its a novel idea of how to attack the byzantine generals problem ill grant him that. i really don't know if it will work. I suspect not. I suspect there is an attack vector. it seems vulnerable to ddos. I'll have to think about it more. If honest nodes controlled more ip addresses than it should work. Could honest nodes be reasonably expected to control more ip addresses?
*edit* on the plus side, the fact that he put this much thought into it is some evidence that its not a scam atleast.
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Sending BTC to an unknown a known, anonymous "dev" with nice story is financial sucide eponymous Escrow Service.
FIFY!  Maybe you should read the terms of the "escrow" on their site. 3. You will have to accept that we delivered "the goods" on the escrow site at least one week before the announced go-live. Of course we will remind you of this deadline. Otherwise you will not get the equivalent of EXOs. At that point of time you had already the possibility to test our client and network in an open beta! So basically you still send BTC before you get ANYTHING of value. Don't be fooled guys. THIS IS A SCAM ! I'm not gonna come back here in a few days and say " I told you so." Use your brain before sending your hard earned BTC. Read that Stacks thread that I linked too. I wouln't be suprised if this is run by the same scammer. Ah I am sorry for that part. If the escrow service providers (like Anon but he is not the only one - "just" about 95% or something) accept this - then it is OK FOR US: exchanging in batches like 5BTC EXO<-> BTC between Anon and us. In that case Anon would have to deliver EXO to his customers obviously. I might just did not read but I think we did not get a answer on that part from you yet Anon? Could you please shortly phrase if that would be ok for you ( I know that this would be more work for you). Sorry Joerii, I told the community that this is acceptable for us but did not updated that passage. I will edit it if Anon accepts it. Since it is work for him we cannot simply assume that he is going to do that. Hope that will reduce your scamming concerns at least a bit. As for everything stated here since whitepaper release, thanks for the first feedback. As stated we are going to discuss the spreading percentage within the team tomorrow. Please be patient and hold on. Most PMs are done now but there are still about 30. Tomorrow we will be caught up with all PMs and mails I guess. Thanks for your understanding. thanks to everyone so far - eXocoin yes my understanding is the same. he will send the exo to me in batches and i will send bitcoins to him in batches then i will deliver the exo to my customers. It will be a lot of extra work so i'm hoping the exo_coin will pay me something for that service, well see. |
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Being away from my workstation for a few hours... I just have one thing to say... ROFLMAO!!!  If you are looking for a bargain... I urge all those that participated through Anon136... to commit to giving up 1/3 of their future ( potentially) acquired eXo to Anon136 himself!!!  Yes... I will do the same too... are YOU willing to do it first though?!?!?  Edit: Oh boy... this is too much fun!!!wow that's super generous of you smaragda. while i wouldn't turn down a tip i think 1/3 may be a little bit overkill  |
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7017504655955743955 you rock man! thanks so much!
*edit* also 2037401990853753795 who ever you are also thank you so much. you also are awesome!
*edit2* google search reveals 2037401990853753795 is salsacz. thanks buddy. what was that for specifically?
tai zen interview. its in gdoc ah well idk anything about this doc but thanks a lot! |
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I dont undestand how to be In the second stage ipo!
wait until he provides an address for it. Oh ok thanks man! most welcome |
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I dont undestand how to be In the second stage ipo!
wait until he provides an address for it. |
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All this talk about forging and running nodes and this and that and unfair and that.....
And here I am running some nodes just to strengthen the network.
I do it because if the network is successful, then we'll all be succesful. Although if I could forge more it would be a plus.
+1, good work, fellow dave. I am thinking about setting up a public VPS node to offer a(nother) node for my users of my NXT client.
Which hoster should I use, what are the server specs. I would need to run it smoothly and is there still the danger of hitting hoster bandwith limits with the recent version of NRS?
Thanks!
Marcus
I'm running a non-hallmarked VPS 24/7 on Amazon EC2, monthly costs were $1.38 for January, and are $0.34 for Feb. Costs fuck all, basically. Looks like hosting costs are dropping as Jean-Luc works his magic. If version 0.8 also has such low overhead, I'll fire up a few more EC2 instances at the begining of March. I think that forging should stay as it is...big holders get bigger rewards. It's PoS, live with it. However: we need to encourage a healthy NXT network, now and in the future, and forging income alone doesn't seem to be enough right now to motivate people. We need some way to make contributing to the network at least slightly profitable for everyone, not just guys with enough to forge. When Nxt goes to 1 dollar soon. Even small holders will forge if for no other reason than to secure the health of the network to get to 10 dollars. We just need a client that makes it so that there is no cost to forging. Then even if your chances are small there will still even then be no reason not to participate. All other things being equal a 0.001% chance to win 1000 dollars is better than a 0.000% chance of winning 1000 dollars even though 0.001% is a pretty slim chance. |
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7017504655955743955 you rock man! thanks so much!
*edit* also 2037401990853753795 who ever you are also thank you so much. you also are awesome!
*edit2* google search reveals 2037401990853753795 is salsacz. thanks buddy. what was that for specifically?
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Don't change the forging. Any kind of balancing effort will bring excessive complexity and a whole lot of issues. No matter what you do it'll always be the people with more resources to forge more. Flooding the already limited IP-space with forging-zombies is a bad, bad idea.
agreed |
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wow that's awesome man. kudos for putting this to-gather. I love white-ra but if we are going to be honest with ourselves, ret will probably be taking that nxt home. |
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ok so i got a LOT of people who just sent me bitcoins without telling me their bitcointalk handle, so im just going to assume that they all want to be identified with their bitcoin addresses and hopefully they all have control of their private keys and can figure out how to sign messages.
benyate 0.3277 BTC 0ad0a45a52e4e76773503ff856c0d721efa9785807f09cac2851e6a922cb9d00
fudge 0.491 BTC 5a9ba50746f0d7965c7d4875576c0259b57a6cada0b0e2a57edbc72a3429cce9
mindact 0.2772 BTC 32ebccdfa0811e5c43d31f020db6b451f209c1eb8506cc9201650abf6ffdf269
NWO 1.49641 BTC 84f70182ea57485896d4cbf9a09d32c4161d2e63c8666f4daa2ecbc339d3c253
aku4760 1.5 BTC f79e01b925adc1db2ae6d950d62bc642cf774d97b6aac72423f6239c8c3f9a0f
EmoneyRu 0.4011 BTC c49de56a4cf6a99a5cd32d06ba210ebb596c4087532edb6863ed47f80d22ea6c
gvans 1.5 BTC 262444cab241b9dc0286f853335a0837444d544c34125e3db8e939fa8d1ace72
michaelsss 0.4945 BTC 1f0d0bf34fd436aca3a92a5556b8e8078c3e51e88f31b8f99063f4d44499e2e2
s111102 1.4866 BTC 3b1b54b39893b5cfe700fe53342b63e815dbae9884a3a432bdfdd08b1d86b23c
1AMpFKFwG6bknMDWASSySwSx8Ky4V8sPSi 0.167246 BTC 7b6211b1bea23af190dadc3903240ad64be1b16a6a0852770112b6f2e03ac8cc
1A7aweeH4423c5fakdobTaZEdWe4CWn1tN 1.5 BTC 8075a79c2ab47e30f0d70b7bb7c89a6a927701f1d9e24efe17df1f29b7c577ce
1GzRtsKVXFxctGop16uQNqsQDdYgVV1jM7 0.59 BTC c38b0cc953684e060fd6ea39c2dd98247dc7f468956ab823bf3bedf3cb745dee
14PpTtNmX6ryAbNCgsrKhWoSbWUCfAJYvA 1.04 BTC 2528479eca1faa283ef60510c9aef06ea00a9e4059da32e27acef260c54fda96
1GFVH1z7TKDU7fiav3Hhfs3ncicA4MHVYF 1 BTC f815d4de9b0afe312bdb324f3479d998e41dc3f0470c4e878bea8dd20ac5a8f5
1ARiWBu6X6ccU8mVfb45NXLrbiLg8QZJ1b 0.49 BTC 24d66adf7503847f89e12afab9c4faf201e8b9fb33a1ccff5394af4e6129711f
148igVwEn4uzPMHAGrmHLiRfBDPh15p4b6 0.49 BTC 58c6bd09e50ccc43a8903808c4f875d6e78b372d0c6956123107eeaf8eb81ab5
1P3V9YscMo1cXWoXVxk9CjMmLVtZrVuqSy 0.999 BTC 5b55e5d0b5be44e89ed59fcf55945a39af466945c4e561fcb19fbc83046e1324
Sent 1.05 BTC to Anon136 for escrow of IPO.
TXID: 2528479eca1faa283ef60510c9aef06ea00a9e4059da32e27acef260c54fda96
Thanks.
updated |
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