Guess I have to say things are not that optimistic in PoS. I might give you an example of attacking an ill formed PoS design for illustration purpose in the near future.
That would be great! One question you might think right now is: Why PeerCoin needs to broadcast checkpoint regularly? Why NXT have that kind of restriction while Bitcoin does not?
I'm not saying NXT and similar systems don't need those restrictions. I'm saying I don't see the problem with having those restrictions and how it's supposed to lead to centralization. |
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guys i know this is very very late to ask,
but is it still possible to claim my NEM stake ??
i paid for it a LONG time ago (and have all the proofs) and only now came back to see it rising up !
thanks
nope. redemption has been finished up quite a bit ago. |
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The Nem project is certainly not for you if you're impatient. We have been waiting for slightly more than a year for Nem to be launched. We didn't know exactly when it was gonna be launched until it was there. Also remember that the developers are entitled to have a life too (work and family).
Well, most of us have been waited for more than a year. But after the first release, the NEM devs should think about to do regularly minor release and less major releases to keep all the users staying with NEM. As a developer, i know how difficult it is to implementing, testing and maintaining such a platform but it doesn't help to keep supporters staying for a long time. Last release is like 3 weeks old and there is already one - with some cool additions - on the testnet. |
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Care to explain how a hard coded rewrite limit (you stated 720 for NXT) sacrifices decentralization ? What has one todo with the other ? I'm assuming you're refering to this New users who encounter multiple histories are no longer able to
distinguish them on their own; they need to ask existing participants in the network (which may
include friends and family, large corporate entities with reputations to maintain, public websites,
etc.) which history they know to be the true one. This is not a distributed consensus! It is a different
sort of consensus, which may be formed amongst always-online peers in a decentralized way, but
10
depends on trust for new users and temporarily offline ones. It is correspondingly vulnurable to
legal pressure, attacks on “trusted” entities, and network attacks.
? This makes no sense to me. I'm no expert but if having to trust existing peers is a bad thing then were are new peers supposed to get the chain from if not from existing peers ? Also I'm not even sure the assumption behind this criticism is accurate. I believe there are ways for nodes to calculate which chain is "better" (in BTC it's simply the longer chain afaik). There are score systems for that in place. I believe both NXT and NEM have something like that so every peer can determine on it's own which "history" is better. Hi, a nice question indeed! The real problem is, without a careful design, anyone with very few coins could fake a better chain (a chain has a better score) that switches long ago, with very little effort. In PoW, this is impossible; but in PoS, this is possible. We have some discussion on this topic in section 4.1.2, 4.1.3, and 4.4.4. Hope they help. If some bad guys control a lot of peers, new peers and temporarily offline peers will not be able to distinguish solely by block chain data. They have to continuously confirm with some "famous" nodes, and those nodes together become the "center" of the network.
The beauty of Bitcoin (or PoW) and LibreFortune is, peers can make sure which is the real main chain solely by block chain data. They do not trust peers, they download data from other peers, validate by themselves, and then make their own decision, whenever they are new peers, or temporarily offline ones. I do not think the first two statements are true and I'm pretty sure - as I pointed out - that the last statement holds true for POS aswell. Temporarily offline peers and new peers will be able to tell which chain is the better chain only with blockchain data in POS. I'm not sure how exactly those scores are calculated (and it probably varies between implementations) but i'm positive that it's of absolutely no relevance from which peer it comes from. If a peer were to fetch "bad" data then it wouldn't have to verify with some "famous" node. Any none evil node would be enough. If you're talking about the initial sync mostly happening from well known peers...well...you're gonna need well known peers in any p2p network or how are you planning on letting peers find each other ? |
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I was like top 100 contributor with NXT to their fundraising and I never got my share because I sent from exchange instead of a wallet.  That couldn't have been all there was to it. There were plenty of people that sent from exchanges (eventhough it was clearly stated not to) and they did get their stake. Also what is the top 100 contributor thing about ? |
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Care to explain how a hard coded rewrite limit (you stated 720 for NXT) sacrifices decentralization ? What has one todo with the other ? I'm assuming you're refering to this New users who encounter multiple histories are no longer able to
distinguish them on their own; they need to ask existing participants in the network (which may
include friends and family, large corporate entities with reputations to maintain, public websites,
etc.) which history they know to be the true one. This is not a distributed consensus! It is a different
sort of consensus, which may be formed amongst always-online peers in a decentralized way, but
10
depends on trust for new users and temporarily offline ones. It is correspondingly vulnurable to
legal pressure, attacks on “trusted” entities, and network attacks.
? This makes no sense to me. I'm no expert but if having to trust existing peers is a bad thing then were are new peers supposed to get the chain from if not from existing peers ? Also I'm not even sure the assumption behind this criticism is accurate. I believe there are ways for nodes to calculate which chain is "better" (in BTC it's simply the longer chain afaik). There are score systems for that in place. I believe both NXT and NEM have something like that so every peer can determine on it's own which "history" is better. |
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I really recommend everyone to signup on slack. I never joined telegram but slack is quite alright. With the bots forwarding everything between slack and telegram it's actually like it's one platform now (I'd still recommend slack though).
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All the pro-NEM posts in this thread and throughout this entire forum are coming from hundreds of UtopianFuture sock-puppet accounts. NEM is a failed scam, it's only going to keep falling lower and lower.
am I a sock puppet?  If NEM had been a scam it would have been very sucessfull. Just saying... |
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No news, no reaction, no plan - what´s up here? Koops location is stated as " Bahamas" in his profile (if it s a joke,it s not funny! And if it s true ... it would be so sad!). And silk wanna go in holiday (!? WTF??) You really want to keep silence till august and than - boom - come up with a bank? Can´t believe anymore   edit: total buy orders at bter and alcurex are just about 1,5btc. This coin is dying. This was a clear scam from beginning. I have repeated that numerous times, but still those fools dont believe it. Theres a difference between a scam and sheer incompetence. Usually scams don't give out loads of coins for free. |
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.... I won't expect any major price jump at least for next 5 to 10 years
Without any scam your coin can lose 20x value like LTC PPC and jump 10x in month. The true is EVERY coin go 10x up or down premined or not. about major price jump all depends what technology will NEM bring at end and interest without interest every coin will be down over time. Devs holding big chunk of coin is not bad for me - thye have bigger motivation to work around it. NEM client is on version 0.6.31 this is long way to 1.0. People will dump/buy NEM this is normal who cares. Will devs dump coins ? off course but you want dump them too when pump will come ( i mean price). True. Price jumps happen for no good reason most of the time. They are not holding it back. They are merely using them to fund some important projects. They are also being distributed with auctions. The devs only own however many stakes they got as payment for being devs. Their incentive to work on NEM is no bigger than if all XEM had been distributed at launch. It can be a long way from 0.6.31 to 1.0 but it can also be only 0.7, 0.8, 0.9 and 1.0.  Nobody even knows if V1 will actually be 1.0. The name does suggest it but it's really only the point in time when NEM is feature-complete (as in the features that were initially planned. Of course there will still be ongoing development after that) which could also be at 0.8. It's more about adoption than technology imho. You can have all the buzzy features. If noone uses them all you did was waste a lot of time. If you look at NEMESIS you don't need to be einstein to find out which accounts belong to the devs. If you look at those accounts they haven't actually dumped much of anything. |
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The funny thing about this sock puppet thing is that when UtopianFuture left NEM he came into irc chat and said that at one time he had 40 - 50 stakes. Around that time NEM did a socket puppet audit (think it was Pat who did it and he did a great job too, lots of time spent on it) but UtopianFuture still said he had "under 10" stakes left, he never did give a final number. Mistakes have been made in the sock puppet audit but the OP has gone out of his way to prove his side of the story, hopefully NEM does the right thing and gaves them their stakes.
I never knew UP had been so forthcoming with a confession on his sock puppeteer work, is there any record of that conversation? also, has anyone ever doxed UP? he seems to have plenty of enemies now (and supporters too). I suspect his identity was known by many supporters who later became disillusioned with his behaviour i dont know of any record. im just going by what mrvegad said in his post about 10 stakes. curious where he heard that too actually. nope.. even the devs dont know who he is. well, unless they kept their mouths shut about it but i doubt that UP would even disclose his ID to them.. what for? I remember him saying he still had 11 and it's up to the devs on what todo with that information. There is no way in hell he got those through the sock removals though. Let's assume he did get those 11 through. That's prob a lot less than what he would have gotten for the work he had put in already anyway as compensation. It's not like he didn't help NEM and deserves only shit now. He never did get any reward though. Not as far as I know anyway. |
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makoto is far, far behind on deadling with sock appeals. If he said you'll get your stakes then you will get your stakes. He was just very busy and didn't answer evevery pm (of which he got a butload). I totally agree that all in all the whole matter was handled poorly though.
Sidenote: VPN actually wouldn't have protected you against being flagged as sockpuppet.
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I'd like to sell 500k NODE in bulk for NXT or BTC. I don't wanna do it on an exchange because I'm not registered on any of the exchanges NODE is on and I also don't wanna drop the dripe even further for yous. Should anyone be interested hit me with a pm |
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we need a competent promotion team  to promote what exactly ? |
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Why
Nem price is going so down???.
Why people are not patient???. cuz crypto...who cares. |
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WTF are you taking about? you dont make any sense
So how much was the NXT reward for running a node then?  They had some incentive program running. I think emonyru was managing it. So what? I am talking about supposed security issues in nem. They are claiming too many nodes by one individual is a problem. If it is, determine why, and fix it. It has not been an issue with nxt. Satoshi warned us about these trusted 3rd party schemes like masternodes Obviously it would be an issue for both NEM and NXT having large part of the network in the hands of an individual. NEM is more immune to this issue because of eigentrust++I don't think eigentrust++ makes NEM more immune to that at all. Based on what are you assuming this ? I read eigentrust is ment to protect the network from multiple nodes attacking it. Perhaps devs will find a way to publish an average trustness so that a thin client can select the right nodes to connect to. Eigentrust++ values are local only to each node and its peers, so I don't see how that would work. Not to mention there is no way to identify nodes belonging to the same person. |
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about reward program : https://forum.ournem.com/general-discussion/nem-node-reward-discussion/msg17568/#msg17568"what the guy above said makes a lot of sense. Put all the people running nice performing nodes since the beginning out of free good will in the program. For the rest and newcomers, anything above the size of an original stake makes no sense (2.25M), just put 2M cause round number is better and be done with it. Time to move on, this thing is taking too much time " They don't give a flip. When I brought up the issue Makoto said publicly that who cares if they lose current members, they will get hundreds more and new nodes with their plan. Why is it an issue how many nodes someone is running. Why is that a problem? More nodes protect the network. NXT has pools of nodes run by individuals since the beginning. They have been running ever since the DDOS attacks in 2013. If that is somehow a security issue then there is a big problem with the nem code and it should be fixed. Not do some half assed solution where no one will be happy and productive members of the community are ostracized. It looks like the masternode plan is a scheme. That is all. It is the latest fad among scam coins. First off - you ostracized yourself. I mean I only really witnessed the fallout but you went full retard deleting tutorials and what not just because you were butthurt. You have a right to be angry but why be such a dick about it ? I even aggree with your points but the way you reacted can only be described as a tantrum. anyway... Someone running many nodes is a problem when people start to rely on nodes from the same person. If that one person goes rogue and has his nodes feeding the mobile app or remote NCCs bullshit then those users are in for suprises especially if they're harvesting on those nodes. That's not a problem in the code that's a problem of human behaviour. NXT would have the same problem if they had the functionality to use remote servers. They probably do have the same problem with leased forging. Masternodes are not necessarily scams but why would you even try to understand anything if you can just as well rage right ? Not so jaded afterall ? |
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WTF are you taking about? you dont make any sense
So how much was the NXT reward for running a node then? They had some incentive program running. I think emonyru was managing it. So what? I am talking about supposed security issues in nem. They are claiming too many nodes by one individual is a problem. If it is, determine why, and fix it. It has not been an issue with nxt. Satoshi warned us about these trusted 3rd party schemes like masternodes Obviously it would be an issue for both NEM and NXT having large part of the network in the hands of an individual. NEM is more immune to this issue because of eigentrust++I don't think eigentrust++ makes NEM more immune to that at all. Based on what are you assuming this ? |
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I appreciate your replies. Really. Don't get me wrong.
But i don't think this is a professional and honest way to handle issue like this.
I had big expectations. Now not anymore. I think I'll give up.
At least now I have a title for my next blog's post.
Thank you.
I totally and wholeheartedly agree with you. Unfortunately I can't do anything about it. No need to give up though. At some point makoto will get around to answer your pm. |
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Is there a more appropriate place where i can write or get more information regarding that?
What do you mean you are not involved in that anymore ?
Well, looks like I've been already patient for a long while.
I guess telegram or slack. That's where you could reach makoto for sure. Link to slack is a couple of posts above yours. |
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