one question or I missed sth before:
why not qora join in the supernet?
I notice the jl777 is thinking of chancecoin,
the price of cha is rocketing.
So you want a quick price rise to sell your Qora and be gone. That is not an future we want, its a short term prise rise then done. From what I can see, CIYAM's AT solution could in fact replace SuperNet as it would allow any coin running AT to trade directly with each other via CCT. |
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I had a sort of zen minimalist moment yesterday. We have a new specification for Sia, and it's really really simple. Even simpler than Bitcoin, because we simplified the way the scripting system works.
It's pretty much the most minimal possible protocol that allows decentralized storage to happen. There are hosts that announce they have storage, and there are files that hosts agree to store, and the hosts submit proof-of-storage on the files to get paid. If they don't submit proof-of-storage, then the uploader gets refunded automatically.
And that's pretty much it, happening on a blockchain. It's so simple that we should have an alpha ready to go within a few weeks, maybe 4 to 6. I'm actually really excited about this new protocol, because it's simple enough to implement quickly and powerful enough to allow a full structure of decentralized storage.
We do sacrifice a few things:
1. There is no global network price. Hosts set their own price.
2. There is no automatic file repair. Clients will need to manage file repairs themselves. This means they need to be online to make the repairs, but that means running 'repair' every few months instead of needing to be online all the time.
3. There is no 'sublinear consensus'. Sia is a single blockchain and will need to deal with blockchain bloat in all of the same ways that apply to other altcoins. This shouldn't be a problem until we have multiple millions of users.
That's basically it. We slimmed things down to the very core requirements: decentralized storage that doesn't require you to be online all the time. Turns out you can do this with only a few simple changes to the Bitcoin protocol. We should still be completely compatible with enterprise customers, which I think is where the majority of our users will eventually come from. Without sublinear consensus, I'm having troubles imagining that we'll be useful for files below 10GB in size, but that's a problem for the future. Enterprise customers are unlikely to need files less than 1TB in size (replace file with 'cloud disk' --> 'file' is a misleading term). A 2.0 down the line will probably address this (requiring either a hardfork or a different cryptocurrency). We want to delay sublinear consensus because right now there are no good solutions to decentralized storage. We can change this without decentralized storage and we think it's more valuable to release something simple now than something complex and potentially insecure after we spend 3-6 more months planning it out.
We're planning on releasing a whitepaper alongside a beta implementation. The beta implementation will be fully usable, but we're going to premine 99% of the coins on the beta, as sort of a "NOT FINISHED YET" red flag. After a few months of beta, we'll decide how much needs to change for a 1.0, and we'll release a 1.0 that has sianotes and no premining.
Luke and I are ecstatic. Wanted to share my enthusiasm. I know it's been a roller coaster, but that seems to be the expectation for startups and early stage investing.
Good to hear, looking forward to updated whitepaper. |
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Does anyone know NEM marketcap based on Nxt AE Nemstake price? Is that monitored or posted somewhere?
$ 814.27 per stake (coinmarketcap) times 4000 is $ 3257080 Thank you. |
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Does anyone know NEM marketcap based on Nxt AE Nemstake price? Is that monitored or posted somewhere?
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If we have a nemesis account (running a public node) we don't need to have that running until Beta is released, correct? You could have it running right now if you wanted but with alpha. It really doesn't make a difference. Yes, of course, I just wanted to make sure I'm ready and up and running to help with Beta, since my private key is for beta release only. |
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If we have a nemesis account (running a public node) we don't need to have that running until Beta is released, correct? |
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Thanks for the correction. But from what I know, it will be implemented into qoras core first. Yeah, I could see that. Nxt seems to be focused on other features at the moment and it sounds like Smart Contracts is more of a priority. Anyway, I hope Nxt implements AT as it would be great to have CCT with other POS like Qora. |
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you haven't heard of the Inuit people's regional use of AT?
right after bow and arrow, AT was popularized in their culture. westerners are quite far behind
This was all shortly before they discovered the "wheel"  |
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Are Cross-Chain transactions possible between two POS crypto's using AT? i.e. if I wanted to trade Qora for Nxt or vice versa?
Yes - in fact using AT it would be possible to do such things between a PoS and a PoW blockchain! Very cool. |
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Are Cross-Chain transactions possible between two POS crypto's using AT? i.e. if I wanted to trade Qora for Nxt or vice versa?
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I am not against the design of nxt.
 Okay. So what are you against? That's like saying, "I'm not against the design of Bitcoin, but I'm against Gox hacks, I'm against Satoshi mining solo for a year, I'm against the way mining has become corporate etc... so I think Bitcoin is a scam coin" The lists of reasons Jeff thinks Nxt is a scam are all superficial and have nothing to do with the core technology. Regardless, you tear down rather than build up, be constructive, do something good for crypto. |
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NXT may be controlled by one party. There's no real world way to verify either way. It's like Byzantine Generals using anonymous couriers instead of their own recruits (to borrow a metaphor to use as a simile). The couriers may be trustworthy or they may be spies. No military trained General would ever trust such a courier, yet NXT people trust anonymous stakeholders (or their appointees) to not be bad agents. It's downright irresponsible to develop such a system.
It's funny how so many people claim they are pro-crypto when in fact they are anti-crypto. Guys like cbeast are just in it for the money, it's obvious, they don't care about the crypto movement and only want to protect their holdings (BTC). Jeff is even worse, he should be a supporter of all new projects, yet he does his best to try and discredit anything that isn't BTC related. It's no wonder BTC is down so much. People are working against each other rather then with each other. Nobody is against any projects. Just quit bashing Bitcoin on the Bitcoin forum and maybe you won't look like such a fool. You post FUD as a defense to comments made by others? That seems counter intuitive. And Yes, you are against Nxt, it's obvious you have never used the client nor do you understand how it works, you are just regurgitating false information, which makes you look like the fool. |
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Disappointing to hear, hope you can find a solution.
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NXT may be controlled by one party. There's no real world way to verify either way. It's like Byzantine Generals using anonymous couriers instead of their own recruits (to borrow a metaphor to use as a simile). The couriers may be trustworthy or they may be spies. No military trained General would ever trust such a courier, yet NXT people trust anonymous stakeholders (or their appointees) to not be bad agents. It's downright irresponsible to develop such a system.
It's funny how so many people claim they are pro-crypto when in fact they are anti-crypto. Guys like cbeast are just in it for the money, it's obvious, they don't care about the crypto movement and only want to protect their holdings (BTC). Jeff is even worse, he should be a supporter of all new projects, yet he does his best to try and discredit anything that isn't BTC related. It's no wonder BTC is down so much. People are working against each other rather then with each other. |
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CfB (Nxt core developer) is working on a distributed computing project. It might be able to help Sia on the efficiency of network computing. - Jinn is a general purpose processor based on ternary logic with hardware support for distributed computing. This project also includes the Jiniri Limited (single-node) and Jiniri Unlimited (multi-node) emulators, in addition we are creating a monetized proof-of-concept game. - http://www.jinnlabs.com/Wow, this would be incredible if Jinn and Sia could collaborate! It seems that both the tech and their level of "coolness" as disruptors make them a pair made in heaven imo. Jinn is a very ambitious project, and if successful, many crypto projects will be using it (Ethereum, NxtAT, etc..) |
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But two assets is not allowed with the same name? NXT AE allows two assets to have exactly the same name. Just look at the volume, if there is zero activity, it's a scam. |
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I have no doubt yet ANOTHER delay is hurting us, seems like NEM was all the hype but people have moved on. Hopefully once the longest IPO ever is at an end the hype will return.
I have not noticed that. I'm feeling quite opposite, seems like NEM had gathered more followers and some guys have even ended up to develop alternative wallet! Launch is almost there and be ready to fasten your seatbelt, guys!  Look at the price on NxtAE, it's very high right now. I think there is a lot of interest. |
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