I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains.
What's the functional difference? I see now. I was talking about distinct blockchains where checkpoints of slave chains r written into the master chain. I'm going to have to spend some time pondering this. I do not, atleast immediately, understand how such a thing would work. Would this be similar to emu blocktrees? I never have been able to understand that either. I don't know how eMu works. Imagine master blockchain (MASTER) and 2 slave chains - for payments and for storage - (PAYMENTS and STORAGE). If a forger can't handle so much traffic, he could choose only MASTER + PAYMENTS only. This is the sketch of the idea. The more i think about these ideas the more i am reminded of the advantages of the devision of labor in a market economy. Since blockchains are so limited in general in scalability it is probably best to have an entirely distinct blockchain for each intended use. Now that never would have been the case with proof of work, because of the reasons mentioned earlier about chains competing for security resources, but with proof of stake it becomes practical. And of course it could be one client to access all of the totally distinct blockchains. Master and slave is really useful in pow, but with pos i think it may just be needlessly restrictive. *edit* its should be noted that im not at all confident that i am right about this, just thinking out loud *edit2* with that being said, master and slave is still definitely better than cramming transactions and storage on the same chain. |
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I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains.
What's the functional difference? I see now. I was talking about distinct blockchains where checkpoints of slave chains r written into the master chain. I'm going to have to spend some time pondering this. I do not, atleast immediately, understand how such a thing would work. Would this be similar to emu blocktrees? I never have been able to understand that either. |
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I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains.
What's the functional difference? Like bitcoin and litecoin. Different blockchains, same technology. |
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nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.
*edit* i may write a paper about this
Would be great. I was going to implement Parallel Blockchains by April, but I see that u already got the same idea (" or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains"), so I'll focus on other things. The only problem that I'm having with the idea of writing a paper about it is that i pretty much communicated everything that i needed to communicate in a paragraph >.< While at the same time I cant say, "hey guys i wrote a paragraph, everyone check out my awesome paragraph!" Plz expound, i do not grasp concept of 'parallel secure blockchains' much less how they correlate with dac I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains. |
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The only problem that I'm having with the idea of writing a paper about it is that i pretty much communicated everything that i needed to communicate in a paragraph >.< While at the same time I cant say, "hey guys i wrote a paragraph, everyone check out my awesome paragraph!"
best paragraph I read this year. Thank you! I love this nxt community. You guys never fail to say things that brighten my day. |
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nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.
*edit* i may write a paper about this
Would be great. I was going to implement Parallel Blockchains by April, but I see that u already got the same idea (" or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains"), so I'll focus on other things. The only problem that I'm having with the idea of writing a paper about it is that i pretty much communicated everything that i needed to communicate in a paragraph >.< While at the same time I cant say, "hey guys i wrote a paragraph, everyone check out my awesome paragraph!" |
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Got USD to buy NXT. Where do I go from here?
I might be willing to do Paypal. How much were you looking for? Thank you for the offer. Is the only way to acquire NXT with USD by acquiring Bitcoin first? This boggles my mind as it really would be distinguishing for a post Bitcoin currency to have direct exchange with, at least, USD. Alt coins have this problem but they can, for the most part, be mined which means direct access to them. Not that this helps all these worthless coins in the long run, it still is an advantage over NXT. Please tell me I am wrong and Bitcoins aren't our only gateway to NXT ownership. currently. but future you might be able to USD->Coloredcoin->NXT plus I am sure you will see fiat->nxt exchanges at some point. When? Any projects currently in the works? you have to understand how early you are to this party. nxt is just a little itty bitty baby infant still sucking on cfb's milky teat. the advantage is that you have the posability for windfall profits if it makes it big, the drawback is that you dont have conveniences like fiat exchanges. The tit delivers the milk but the cow makes it. Bitcoin is the cow. My impression is that this means that if btc devalues by a factor of 5 over the next month (let's ignore the following recovery down the road for the sake of argument), NXT will also devalued by a very similar factor. The lack of ease there is in buying NXT with USD isn't as much an issue as how excessively easy it is to convert btc to NXT. It's your choice friend. Do what you think is wisest. I'm rooting for you, i hope what ever choice you make is the right one. |
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The biggest advantage of PoS over PoW is that the blockchain is secured by the people and not by the entity that has the most hashes. Once you own a certain percentage of Nxt, you always provide that same percentage of security for the network. This is not true with PoW. In PoW, if you have 0.1% of the hash power today, you won't necessarily have 0.1% of the hash power / security tomorrow. An unwanted entity can overpower all the miners and take over the chain. Nxt solves this problem and ensures that the security of the network remains with the people.
I'm curious about how me owning NXT provides security to the network. And does someone that owns 1,000 NXT provide more security or the same amount of security as someone that has 100 NXT? Owning nxt doesn't but using the nxt that you own to forge does. In-order to doublespend a person needs to silently make a chain that is longer (technically chains arnt selected by length in nxt but i dont want to get into that here) than the chan that is being used currently and publish it absent the transaction that he wishes to unspend. The more evenly distributed the stake the less likely it is for someone to be able to silently get multiple blocks in a row. By having a portion of the stake and forging with it you help to make this distribution more even (unless you own too much of it). anyway thats not a perfect explanation its just a quick overview of the basic idea. |
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Got USD to buy NXT. Where do I go from here?
I might be willing to do Paypal. How much were you looking for? Thank you for the offer. Is the only way to acquire NXT with USD by acquiring Bitcoin first? This boggles my mind as it really would be distinguishing for a post Bitcoin currency to have direct exchange with, at least, USD. Alt coins have this problem but they can, for the most part, be mined which means direct access to them. Not that this helps all these worthless coins in the long run, it still is an advantage over NXT. Please tell me I am wrong and Bitcoins aren't our only gateway to NXT ownership. currently. but future you might be able to USD->Coloredcoin->NXT plus I am sure you will see fiat->nxt exchanges at some point. When? Any projects currently in the works? you have to understand how early you are to this party. nxt is just a little itty bitty baby infant still sucking on cfb's milky teat. the advantage is that you have the possibility for windfall profits if it makes it big (like investing in bitcoin in the first months), the drawback is that you dont have conveniences like fiat exchanges. However once you have all of the conveniences that comes from the infrastructure built around it, you will no longer have the opportunity for the sorts of gains that you may see if you bought now. Life is all about trade-offs. |
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Children's fairy tales should be in "off topic"
People are willing to die for this "fairy tale" as you call it. This true story of a persecuted girl really humbled me:
16 years old, Asia 1970s – The Communist soldiers had discovered their illegal bible study. As the Pastor was reading from the bible, men with guns suddenly broke into the home, terrorizing the believers who had gathered to worship. They shouted insults and threatened to kill the Christians. The leading officer pointed his gun at the pastor’s head. “Hand me your bible” he demanded. Reluctantly the pastor handed over his bible, his prized possession. With a sneer on his face, the guard threw the bible to the floor. He glared at the small congregation. “We will let you go” he growled, “but first you must spit on this book of lies. Anyone who refuses will be shot.” The believers had no choice but to obey the officer’s order. A soldier pointed his gun at one of the men. “You first”. The man slowly got up and knelt down by the Bible. Reluctantly, he spat on it, praying, “Father, please forgive me.” He stood up and walked to the door. The soldiers stood back and allowed him to leave. “Okay, you!” the soldier said, nudging a woman forward. In tears, she could barely do what he demanded. She spat only a little, but it was enough. She too was allowed to leave. Quietly a young girl came forward. Overcome with love for her Lord, she knelt down and picked up the bible. She wiped off the spit with her dress. “What have they done to your Word? Please forgive them,” she prayed. The Communist soldier put his pistol to her head and pulled the trigger
If the Bible is not true why would anyone be willing to give their life up because of it!? See: http://www.historymakers.info/inspirational-christians/jesus-freaks.htmlYou know an analogous situation must have happened with the quran at some point in history. Thus by your own logic making the quran also true. How do you reconcile the fact that both are true at the same time? I can reconcile that "fact" for you right now.... Followers of the Bible are willing to LOSE their life so they can gain it, however followers of the quran are willing to take lives for their belief. Therefore they go hand in hand and it still proves the Bible true. Wow. Some christians are willing to die for their book, some christians are willing to kill for their book, some christians are willing to die or kill for their book, some muslims willing to die for their book, some musilms are willing to kill for their book, some muslims are willing to die or kill for their book. I think all of these facts are pretty obvious to most people. |
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Did anyone see other threads with 1000 pages on the forum?
Some threads with over 800 pages, but I haven't seen 1000 pages. Yes, BTC/USD Wall Observer has over 4,000 pages. next stop http://www.youtube.com/watch?v=zmRPP2WXX0U |
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Best way to fight global "warming" is to stop breathing... so much CO2 production every second...  While green plants love it. Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already. Global warming is accepted by every reputable scientist in the entire Universe  |
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Children's fairy tales should be in "off topic"
People are willing to die for this "fairy tale" as you call it. This true story of a persecuted girl really humbled me:
16 years old, Asia 1970s – The Communist soldiers had discovered their illegal bible study. As the Pastor was reading from the bible, men with guns suddenly broke into the home, terrorizing the believers who had gathered to worship. They shouted insults and threatened to kill the Christians. The leading officer pointed his gun at the pastor’s head. “Hand me your bible” he demanded. Reluctantly the pastor handed over his bible, his prized possession. With a sneer on his face, the guard threw the bible to the floor. He glared at the small congregation. “We will let you go” he growled, “but first you must spit on this book of lies. Anyone who refuses will be shot.” The believers had no choice but to obey the officer’s order. A soldier pointed his gun at one of the men. “You first”. The man slowly got up and knelt down by the Bible. Reluctantly, he spat on it, praying, “Father, please forgive me.” He stood up and walked to the door. The soldiers stood back and allowed him to leave. “Okay, you!” the soldier said, nudging a woman forward. In tears, she could barely do what he demanded. She spat only a little, but it was enough. She too was allowed to leave. Quietly a young girl came forward. Overcome with love for her Lord, she knelt down and picked up the bible. She wiped off the spit with her dress. “What have they done to your Word? Please forgive them,” she prayed. The Communist soldier put his pistol to her head and pulled the trigger
If the Bible is not true why would anyone be willing to give their life up because of it!? See: http://www.historymakers.info/inspirational-christians/jesus-freaks.htmlYou know an analogous situation must have happened with the quran at some point in history. Thus by your own logic making the quran also true. How do you reconcile the fact that both are true at the same time? |
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i dont have a tweeter. can you perhaps copy and past it in this thread for me? Anon has some fans   before she wrote: I think I'm taking a break from altcoins today. Except for an essay on #nxtcoin... lol i guess i just assumed that there was more to the message than that. i keep forgetting that its common for people to simply state what they are doing on twitter |
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A billions were released by an insider team via exchange even before the code was open sourced.
Scam scam scam! Dont understand how people fall for this.
Its biggest scam in the history of crypto currencies.
If approximately 1.5% of accounts own greater than 60% of all bitcoins, by your logic, how is bitcoin not a scam? If you can explain to me how that distribution is fairer than Nxt, I will believe that you not an absolute idiot. hey can you give a me a source for that? if its true than i think nxt has already surpassed bitcoin in homogeneity of distribution  |
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i dont have a tweeter. can you perhaps copy and past it in this thread for me? |
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nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.
*edit* i may write a paper about this
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sold all my bte and bought nxt with it but i still keep coming back here cuz it kind of feels like bte is my illegitimate offspring or something.
Haha yeah. It's the doppelganger. The only copycoin that is not in denial. |
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Yes, mining is really 2000 and late. Forging FTW! It's unbelievable how much electricity we burn at this time for generating coins. I hope this will end as soon as possible.
its not just some nebulous environmental cost either. that cost is baked into the coin in either the form of inflation or unnecessarily high transaction fees. |
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