I think I'm starting to get it. Is it true that the generationSignatures are totally deterministic? If you wanted too you could spend computing power to calculate who would win the right to author blocks far off into the future?
Output of next signature depends only on input of previous one. For example: F(x) = x*2 Then we have such a sequence of outcomes: 1, 2, 4, 8, 16, 32... Transactions included into a block can't change it, there is a special "blockSignature" for them. Great! im definitely beginning to understand. So next question. What mechanism prevents people from purposefully creating accounts with public keys which will allow them to author an upcoming block? *edit* there is definitely a tip in this for you if you have good answers to all of my questions  |
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can you link me to the original source where you got this information. i really want to read more.
Other guy has answered on nextcoin.org about that. I think I'm starting to get it. Is it true that the generationSignatures are totally deterministic? If you wanted too you could spend computing power to calculate who would win the right to author blocks far off into the future? |
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Edit: I've seen the date of ur post, it had been posted 1 day before Nxt released. Did u write about ur invention somewhere else or earlier?
No that was the first time and I wrote about it the same day that i thought of it. But you say that I posted it 1 day before nxt right? that technically makes it my invention right? Right. And technically this makes me to suspect that u r BCNext. Edit: I'd like to hear ur opinion regarding https://bitcointalk.org/index.php?topic=364218.0haha no I'm a scrub programmer. my highest programming accomplishment to date is chess in the console with no AI. I'm much better at conceptualizing higher level abstractions than the logistics of implementation. actually this is a really common thing. inventions are more often than not invented by a half a dozen people all over the world at the same time. we probably thought of it at the exact same time and i just wrote about it first. here is wikipedia on the phenomena http://en.wikipedia.org/wiki/Multiple_discoveryill check it out. |
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Edit: I've seen the date of ur post, it had been posted 1 day before Nxt released. Did u write about ur invention somewhere else or earlier?
No that was the first time and I wrote about it the same day that i thought of it. But you say that I posted it 1 day before nxt right? that technically makes it my invention right? |
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In bitcoin a nonce is hashed with the previous block until one gets a digest that is below the target threashold. There is no POW in next so how are nonces used in this scheme? I really need as much detail as you can give me. I will even send a tip if i come out of this conversation understanding what i hoping to understand.  Now I got ur question and answered in https://nextcoin.org/index.php/topic,866.msg7100.html#msg7100TL;DR: Nxt mining algo is based on ur invention. OH HECK YES! afk while i buy a million of these things oh but hey can you do me one more favor. can you link me to the original source where you got this information. i really want to read more. |
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i really really really need someone to answer this question for me:
can anyone explain to me how it is determined who has the right to author the next block. i understand that the more nxt you have the higher your chance, but specifically how is the "winner" selected?
I know all of you guys who have 40k+ invested in this thing have to have figured out the answer to this question before you dropped that kind of cash.
It's very similar to Bitcoin. Who gets correct nonce wins the block. In bitcoin a nonce is hashed with the previous block until one gets a digest that is below the target threashold. There is no POW in next so how are nonces used in this scheme? and where does the nonce come from? I really need as much detail as you can give me. I will even send a tip if i come out of this conversation understanding what i hoping to understand. |
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It is definitely an exciting experiment with lots of potential to expand further. However, don't forget to take at least some profits.
what is exciting about it? what is experimental about it? 1. exciting distribution/rise, no other alt was that fast => shows what's possible in the shortest time span 2. it's a social experiment that took off You can read many critical posts on DOGE of mine here, but its impact can by no means be denied. No it can not. One of my wifes friends asked her about it and she in turn asked me about it. And its not like her friend is part of the crypto illiterati, the furthest possible thing from it. |
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i really really really need someone to answer this question for me:
can anyone explain to me how it is determined who has the right to author the next block. i understand that the more nxt you have the higher your chance, but specifically how is the "winner" selected?
I know all of you guys who have 40k+ invested in this thing have to have figured out the answer to this question before you dropped that kind of cash.
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How are you going to make a chart about what happened a billion years ago or a million years ago? The earth is 6000 years old so to setup your straw man with imaginary ideas...well that may make you feel smart or justified to live without GOD but you arent changing reality. How about a chart a trillion years ago your imagination is active you can do it.
Fact: the oldest reef on the earth is 4400 years old, the Oldest desert is around 4000 years old which is inline with what GODs word says...The earth is 6000 years old and 4400 years ago there was a global flood when GOD judged the cross eyed human race...like what we are nearing again now that the end of the world is coming again as the world prefers the TV to the Bible.
And to the majority of deceived blind souls Noahs Ark has been discovered- Look up Ron Wyatts discovery verified by the Turkish govt. Sure satans media and false churches have created other false sites to confuse the matter but the truth is out there.
Global warming doesnt exist except in the minds of oppressed and deluded human minds
If i also heard voices in my head and the voice in my head said that the earth was 7000 years old, why would the voice in your head be more of an authority on thse matters than the voice in my head? |
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can anyone explain to me how it is determined who has the right to author the next block. i understand that the more nxt you have the higher your chance, but specifically how is the "winner" selected?
also would anyone be so kind as to send some nxt to this address 17286747867026237511 so i can check to make sure i set everything up correctly
Sent you 20 NXT thanks so much! if anyone else out there is in a similar situation than let me know and ill pass the 20 along. |
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It is definitely an exciting experiment with lots of potential to expand further. However, don't forget to take at least some profits.
what is exciting about it? what is experimental about it? |
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I really like the idea though, weapons check service on the way in, cashier in the booth with bars, couple guys with H&K MP5s hanging out in the corner...
"Yes sir, that does count as $100,000, would you like that all in BTC today or credit on the exchange? Oh, and before I forget, this month we are giving out a free Trezor for each deposit over $25,000"
and dont forget free leather suit cases for cash withdrawals of >250,000 something tells me this idea is totally legally legit but if you actually tried to do it you would find yourself going from zero to boot on your face in about 12 seconds. |
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omg you win, this is by far the best yet. |
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not a shop. im not talking about a store. im talking about something like mtgox or bitstamp. except inorder to avoid so many of the regulations they only take cash. since they would never touch the banking system in anyway i dont think they would even be under the jurisdiction of FINCEN and i dont think they would have to comply with AML regulations at all.
yeah a shop would be a regulation nightmare at this stage, until fincen or whoever decides what they want to do with bitcoin i guess a shop is not v practical. Even if you have an online xchange that only takes cash, 1. where would people come to deposit cash ? like u meet them in the street and stuff ? , 2. Even if you have like a shop or office, end of the day the cash will go to your bank account (unless u put it under your pillow but that doesn't make sense) lot of cash inflow to your account will raise alarms and then before you know it swat is raiding your home trashing everything the people who ran the exchange would work out of an office. that office would have a front desk with a cashier. no bank account. just a very large very secure safe with cash in it. perhaps you could buy up a building that used to be a bank. |
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I have never met a scientist who is not deeply concerned about global warming, That's a deeply flawed statement. Not every scientist is qualified to comment on global warming - only scientists who actually specialize in this field. The beliefs of other scientists carry just as much weight as those of the general public. In the same way, someone who is an expert in climate science may not be an expert in public policy making. and the irony here is that the ones who are qualified have HUGE incentive to be biased. moral of the story, don't appeal to any authority. |
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I think it's obvious global warming is occurring You would have to be a very ignorant fool to think otherwise, LOL.  There are two things being postulated: A. Climate change is happening B. Climate change is caused by humans People who question B. but accept A. still get brushed as "climate change deniers". There has been climate change even before humans existed. Yet humans and client change are automatically linked together, the first causes the last. No nuances are possible. I see the same trick in other areas. People who oppose the European Union are "against Europe". So you're against a whole continent if you oppose the EU. Most climate activists posit 7 things. A) Climate change is happening B) Climate is being effected by humans C) The effect of humans on the climate is significant D) Climate change is a problem E) The problem can be corrected F) The benefits of taking actions to correct it outweigh the costs of those actions G) The force of the state should be utilized as part of the solution. The leap to b is certainly true. The leap to C is probably a 50/50 in my mind. By the time you get down to D there is prob a 75% chance that you have made a mistake (there is more land mass trapped up in arctic deserts than equatorial deserts on planet earth so an increase in temperature would probably cause more presently uninhabitable land to become inhabitable than habitable land to become uninhabitable). Of course E is even less likely. By the time you get all the way to G the chances that you have not made an unwarranted leap are astronomically slim. |
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can anyone explain to me how it is determined who has the right to author the next block. i understand that the more nxt you have the higher your chance, but specifically how is the "winner" selected?
also would anyone be so kind as to send some nxt to this address 17286747867026237511 so i can check to make sure i set everything up correctly
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not a shop. im not talking about a store. im talking about something like mtgox or bitstamp. except inorder to avoid so many of the regulations they only take cash. since they would never touch the banking system in anyway i dont think they would even be under the jurisdiction of FINCEN and i dont think they would have to comply with AML regulations at all.
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Its a simple idea, leverage the advantages of the devision of labor in order to overcome government meddling.
The exchange would open up shop probably in either los-angales or new york and would only accept deposits in the form of cash at the front counter. The exchange would be safe from a myriad of legal trappings which would allow them to focus 100% on the service they are intended to provide and the market could innovate highly decentralized mechanisms of getting cash from one side of the country and into the front door of the building. Decentralized community of peers working within the framework of a reputations systems could provide the money transmission instead of some big payment processing company. As an example, suppose we have two brothers, one lives next to the exchange and another 1000 miles away. The one brother could take payments and the other would make deposits and when ever they visited each other periodically they would clear out the debt between each other, always operating within the black or gray market.
There may be a really good reason why this doesn't exist and i just havn't thought about it yet.
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wow, this is the best serious thread going right now
friends have been trying to console me today "so sorry about the bitcoin news" I'm like, bitcoin is fine, same as it ever was
Yes, everybody I know is doing the same to me "So sorry to hear" "HAHA told you it was a scam" "Boy, you must feel such a loser right now" I didn't even try to defend anymore  I didn't lose anything Common sense is catching up with the Bitcoin craze. In the process, it is bringing its backers financial losses and intellectual embarrassment.
-new york times they say to the guy who bought his bitcoins for 12 dollars a piece about a year ago  |
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