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4281  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 15, 2014, 04:38:43 AM
In terms of voting, I appreciate what you're trying to do with a 1 person == 1 vote, but... well... it just won't work.

I think it could but it does require a bit of "thinking outside of the box" - I could envision some sort of decentralised online *game* which you have to play in order to vote (you only get to vote when you finish the game).

If you limit the time window (and make the game something that might take an hour or so to complete) then I think you'd get close to 1 vote per person (you'll never get it 100% right).

It's really a question of whether a "democracy" is what is wanted or whether instead it should just be the largest stakeholders that make the decisions.

Maybe a better way is to simply *pay* for a vote - so if you want to vote 10K times it costs you 10K NXT (with the funds being used on whatever is being voted for I guess).
4282  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 15, 2014, 04:13:34 AM
Edit: Or maybe even, 1 Account = 1 Vote but it costs 1NXT per account to vote.

Hard to say how well that would work but I think charging to vote could be a reasonable idea - another idea that could work would be to enforce some sort of "manual work" (such as solving a Captcha) for each vote (so you might be able to split up your funds into many accounts easily enough but you'd have to spend perhaps hours and hours solving Captchas to *use* those votes).

The more cost and effort to vote the less likely people are going to do it multiple times (imagine if you had to run or walk 10km per vote).
4283  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 14, 2014, 04:19:31 PM
We should read this literally. Turing completeness of Ethereum may lead to unpleasant things like computer worms.

You do need to pay for each "instruction" executed with a fee (at least that is what I understood) so you can't really do much damage unless you have a *lot* of currency units.

It will be interesting to see how things pan out but without a doubt making the script language "turning complete" is a huge twist.
4284  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 14, 2014, 04:04:32 PM
Cross quote from ethereum post. It seems that something interesting, and anyone think about AM to do those.

I am looking into the idea of using AM for a new kind of application architecture but understand that the Ethereum model is more like the Bitcoin "script" engine being turned into a VM (where VM cycles are paid for in fees).
4285  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 05:24:54 PM
Not strictly Nxt related - but you might be interested in Datacoin's in-blockchain web apps: https://bitcointalk.org/index.php?topic=405992.0

Did look at that - but won't be fast enough.
4286  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 05:21:28 PM
What is the right word? I am trying to balance technical accuracy with conveying the appropriate concept to the reader.

I think "fee dividend" is probably about the best one (it conveys the idea that you get something because of your investment without the idea that that something "comes from nothing").
4287  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 05:14:47 PM
Editing Wiki now.  This will take some time.  Also, we need to discuss the "interest" thing.  I dont really like that, especally compared to bitcoin.  Its not interest, its the same thing as bitcoin processing blocks for transaction fees.  What do you all think?

Don't use the word "interest" that is what "fiat" uses and is *wrong* when it comes to a currency with a fixed supply.
4288  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 04:27:10 PM
Back with a Vengeance, huh CIYAM?   Grin

I knew our little back and forth was going to be worth it!!!   Wink

You Nxt guys are really starting to rock!

So yes - I am getting interested in this project. Smiley
4289  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 04:19:43 PM
To make things clearer (about my idea) go to http://ciyam.org/open and then imagine that the information you see was not just local to a VPS using MySQL but instead was stored "in the blockchain" (meaning that any other server with the same app could take over the functionality with the current data).

(this is the "red pill" which I hope you guys are happy to consider swallowing)
4290  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 04:03:39 PM
What are you looking for to implement?  Investors?  Perhaps a Nxt IPO?

Rn't u going to promote our Asset Exchange? Wink

I think the idea I have could be launched via that (although I am not really interested in asking for much in the way of funds from people).
4291  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 03:57:20 PM
What are you looking for to implement?  Investors?  Perhaps a Nxt IPO?

I don't think a lot of money is required (mostly I just need some API's and assistance to use Nxt to do what I want to do).

Some additional funds would always help but actually assistance (in terms of programming) would generally be more valuable.
4292  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 03:53:18 PM
Looks like someting written in C++. Unfortunatelly, I don't speak this language...

True - but the entire platform could be ported to other languages (you'll note that their is *no source* for CIYAM Open in that repo - yet CIYAM Open was actually built with it).

Believe it or not CIYAM Open is 100% *generated* source code.
4293  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 03:49:55 PM
Details here please. That would save me the time to PM back and forth to our developers. We would appreciate any input.

Imagine an application development platform that is completely distributed (both Meta data and application data) and you will have an idea of what I have in mind.

The reason that Nxt would be the choice to do this is AM and TF.
4294  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 03:42:46 PM
@CIYAM could you join us in some capacities ?

I have a rather mind blowing idea actually that only Nxt is suitable for.

Can PM me for more details if you like.
4295  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 03:39:51 PM
We have chicken-egg problem here, imho. Higher price will attract more devs => better the product will be.

You've managed to get my attention so already you are doing something right.

(can check https://github.com/ciyam/ciyam to see what I can do if you like)
4296  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 03:34:54 PM
Vircurex Considering NXT

Is it good for the price or bad?

Focus on the product not the price - a good product will end up being worth a good price.
4297  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 09:34:08 AM
is there an API to query that limit (as presumably it might be increased down the track)?

No, someone should add such the request to https://bitcointalk.org/index.php?topic=406839.0

Done.
4298  Alternate cryptocurrencies / Altcoin Discussion / Re: [NXT] API 2 Brainstorming on: January 13, 2014, 09:33:48 AM
An API call to get the AM size limit (currently 1000) would be helpful (in order to chop up data and send it in max. size chunks efficient).
4299  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 09:29:15 AM
What is the size limit of a single message?

1000 bytes currently.

Thanks - and is there an API to query that limit (as presumably it might be increased down the track)?
4300  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 13, 2014, 09:26:17 AM

What is the size limit of a single message?
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