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761  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: May 29, 2014, 05:30:58 PM
hi, i have a share in stakeholder list. When I will obtain NEMcons ?
https://bitcointalk.org/index.php?topic=616467.0


Hello,

Can we not wait to have the NEM when is launched instead of having tokens? Whats the difference?

Do you know how will be the process to get the NEM coins and do you know which will be the exchange?

Many thanks

Having tokens is optional. The difference is that tokens can be traded on the NXT AE and you don't need your Bitcointalk no more if you have tokens.

Sorry to ask this, please can you tell me for what can you trade tokens for and what is the link for NXT AE?

Many thanks

(1) Download the client: http://nxtra.org/nxt-wallet/
(2) PM UtapianF your Nxt address

Insutructions here: https://bitcointalk.org/index.php?topic=616467.0;topicseen

You will see the token in the client automatically once they are sent
762  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Proof of Stake System is the Most Viable on: May 29, 2014, 04:43:17 PM
https://nxtforum.org/general-discussion/some-thoughts-on-arguments-of-pow-guys/msg31104/#msg31104

---------------

Quote from: DeathAndTaxes link=https://bitcointalk.org/index.php?topic=584703.msg7016078#msg7016078
A penalty for an inactive but otherwise non malicious forgers is useful but it doesn't help in a 51% attack.

By definition in a 51% attack the attacker IS NOT mining the main chain so a penalty that doesn't allow him to mine on the chain he already isn't mining isn't much of a penalty is it?  On the other hand in the attack chain it will be the legit miners who failed to mint a block and they will be subject to the penalty.  When the attack chain is longer and the attacker broadcasts it, then it becomes the longest chain and some or all of legit miners will be penalized for up to 1440 blocks.

In Nxt both the chains (legit and hidden) will have the same cumulative difficulties coz forging power of penalized forgers is delegated to the others and total power is bumped back to 100%. But the hidden chain won't have transactions of the economic cluster and this is where extra consensus rule becomes handy.

The attacker has ~10 minutes (may be changed after we collect stats) to reveal his chain. After 10 mins all transactions will be set in stone and 51% attacks won't be possible at all. If the attacker combines 51% attack with eclipse attack then the victim will notice that the recent blocks don't have transactions of the cluster (actually there could be some coz of time difference and corrupt participants of the cluster but the ratio will be much lower than threshold).

Original design assumes that every block there will be 2-3 forgers who have to compete at certain block height. So every block at least 1 forger will be penalized. Number of forks within 10 min window is supposed to be high and users shouldn't rely on low number of confirmations.

Some forgers will attach their blocks to dead branches but they shouldn't reforge blocks after blockchain reorgs coz other forgers may see contradicting blocks (signed by the same account but belonging to different branches) and report them by including both the blocks into their own chains.
763  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: May 29, 2014, 04:29:16 PM
NXT to da moon! Am I allowed to say it here or is this a Doge thing? Smiley

The moon thing is a lot older than doge
764  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: May 29, 2014, 09:17:53 AM
I click on run.bat, it is loading, and then crash!? Cry Cry Cry Cry

Try

http://nxtra.org/nxt-wallet/
765  Alternate cryptocurrencies / Altcoin Discussion / Re: [NEM] NEMstake tokens are listed on Nxt asset exchange on: May 29, 2014, 08:08:50 AM
i hope they are waiting for a real price; 250000 - 400000 NxT per stake

IŽll say those prices can really happen - only 150 ae tokens in circulation, and already huge attention.

Possible if no one sells them cheap.
766  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta on: May 29, 2014, 06:40:56 AM
Only 2 days of testing before launch? Why do some dev feel the need to rush things. When will you stress test the network? Send a lot of txs with a lot users. What's the biggest chain exo has been able to run successfully? Once fixed the current issues you need to put lots of stress on the network to see how it will perform. Release the client without doing this and then that article will become true, exo will be seen as a scam.
+1 Should work at least 15 days without a crash to be released.

Agree, 2 days is WAY to short! 7 days testing should be the minimum IMO.

Testing is already going on. If current version is stable enough and then they release a new version even better what's the reason to test it for weeks?

The current version isn't stable
767  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: May 29, 2014, 06:02:28 AM
4th place is the 3rd loser.

The game is not over yet, and won't be over for years.

4th place is ahead of thousands of other coins, some of them even older
768  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta on: May 29, 2014, 05:38:56 AM
no please waits 90 days before launch !!! ... guys, no one can stand to wait for the date was May, June 7 now turned ... and you want more delay? seriously as the uproar?

You cannot launch a software until major bugs are fixed and it's proven to be stable.

If it blows up after the launch, that will kill it -- as you no longer can go back to genesis block and start over. 
769  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt full feature clients - progress tracking thread on: May 29, 2014, 04:51:09 AM
I am here to ask utopianfuture release the 48000 Nxt I gave him for awarding the best Nxt client (that should supports windows too) until April 15th.
Perhaps he can open a poll for selecting the best one inquiring the tech board to assist in making the decision.

I am going to transfer the bounty to the technical or the infrastructure committee and they will decide how to use the reward.
May you provide me with the tx proof that those 48K Nxt has already been awarded to a developer, or as you said in your last post, to the official technical or infrastructure pool. I need this as I am completing my report and summary on given bounties. 


https://nxtforum.org/technical-development-committee/48380-nxt-for-best-nxt-clients/msg25863/
770  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness on: May 28, 2014, 09:08:19 PM
Is it better to hold sharecoin or freeshare?



You mean hold locked in the exchange?!


Yes on Sharex.

Should I sell ShareCoin for FeeShares?

I never followed this thread closely
771  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness on: May 28, 2014, 09:04:28 PM
Is it better to hold sharecoin or freeshare?

772  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: May 28, 2014, 08:48:32 PM
NxT didn't fail from being too technical.  It would had hit minimum 300 million ..

This is pure fantasy.  There is no way it would have hit 300 million in such a short time. It's lucky to be even #4 right now -- despite lower volume trade than others since the launch (small distribution helped as prices were tightly controlled ).

773  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: May 28, 2014, 08:11:50 PM
Didn't need to bother. The wallet I was using, I think it is the Wesley wallet had a minimize to Tray option. While it is running in the tray I can just access it from a book mark in my browser. So, that was good enough for me.

Why the past tense? What are you using now?
774  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: May 28, 2014, 07:22:52 PM
@gimre

thanks allot for that.. this will come in very handy

one question though!
Quote
can i get a somewhat detailed idea of whats been happening behind the scenes for testing?
Quote
10 compiling
20 testing
30 fixing
40 goto 10

are these percentages of what amount of work/time that is being put into each?

just line numbers of workflow.. as from from 40 you go back to 10
775  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: May 28, 2014, 07:16:50 PM
Nxt was for example inaccesable ..

Good thing that you used past tense as it's not true anymore.

http://nxtra.org/nxt-wallet/

There is also online wallet coming http://nextblocks.info/

Things take time.

It's not magic.
776  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Proof of Stake System is the Most Viable on: May 28, 2014, 10:32:51 AM

I find CfB self -imposed "ban" from BT forum weird, and of course DaT won't join nxtforum

https://nxtforum.org/general-discussion/some-thoughts-on-arguments-of-pow-guys/

  -- quote --

From https://bitcointalk.org/index.php?topic=584703.msg6982574#msg6982574

Quote
You haven't eliminated the fact that there is absolutely no reason not to sign all possible chains in event of a fork.
Can a penalty fix this problem? It seems to me it can.

Quote
Bitcoin in it's short history had had ~40M txs. Adding 32 bytes to each transaction would have bloated the blockchain by another 1.2 GB.
So PoW guys were saying that current blockchain size was not an issue but now they want to save 1.2 GiB? It's even funnier that SPV is not mentioned.

Quote
One can perform a reorg with no cost by simply acquiring private keys which at one time had (past tense) a majority of the stake.
I wouldn't use the word "simply", unless someone could show 2 cases when ppl sell their old private keys.

Quote
There is a chance you will out mine/mint/forge the rest of the network.
Sure, odds r the same as to win 1 million dollars in a lottery.

Quote
In NXT when you forge a block which is the best at current height but doesn't enable you to forge the next block (due to incompatible block signature) there is no reason to not use computing power to try and find an alternative which enables you to forge the next one as well.
Could someone show an example? Right now the quoted phrase looks as the beginning of a Sci-Fi novel.

Quote
The chance may be low but with no cost it would be foolish to not attempt it.
No cost? Right, 1 (one) SHA256 operation costs nothing, 1015 * [nothing] is still nothing. Bitcoin network spends no resources, neat.

Quote
With no cost, forks will last longer, and reorgs will be deeper.
Penalty makes it very costly to extend multiple forks.

Quote
So saying "put a hash of a recent block in the tx and nothing at stake is a strawman" misses the larger context.  If there is no cost to attack the network there is no reason to NOT attack the network.
How many times should I repeat that there will be a penalty?

PS: A bonus thought. Nxt consensus rule solves the problem of Bitcoin Fork 2013. Nxt to Bitcoin as Einstein's theory to Newton's theory.
777  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: May 28, 2014, 10:01:36 AM
Just received 104.29 NXT from the badPonzi asset!  Cool

Join them at the asset exchange, you would be still high in the ponzi at 0.25 NXT each.

https://nxtforum.org/assets-board/(ann)-the-bad-ponzi-new-nxt-ponzi-scheme/

No thanks. Why should I make badPonzi asset issuer richer?

He brings nothing to Nxt
778  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: May 28, 2014, 08:08:45 AM
Nexern

Are you still working on client or it is closed project already?

I like his work on blockexplorer better.

Do we really need more clients?

http://nextblocks.info/ will release a webbased wallet too

We need Android wallet

779  Alternate cryptocurrencies / Altcoin Discussion / Re: [NEM] NEMstake tokens are listed on Nxt asset exchange on: May 28, 2014, 01:59:05 AM
new higher bid 140000NXT for stake (mc aprox 22M$)

It's all up to the sellers. Don't sell cheap and you will keep the prices high
780  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: May 27, 2014, 08:08:55 PM
Just for fun, some statistics concerning the NEM subreddit:

 - The NEM subreddit has 23% of the subscribers the NXT subreddit has.
 - The NEM subreddit has 0.12% of the subscribers the Bitcoin subreddit has.



If we multiply that with the market caps of those two currencies we pretty much exactly get an estimated market cap of $9 million for NEM (for both values).


If we calulacte the market cap of NEM with the size of this thread vs the old NXT thread we get: $6 million for NEM.

(talk about pulling numbers out of the hat )

Lets see. If that worked, we could pick coins that would give us bad numbers.

How many subscribers mintcoin reddit has? http://www.reddit.com/r/MintCoin/

and how many posts in mintoin btt thread? https://bitcointalk.org/index.php?topic=450381.0;topicseen

mintcoin market cap? $ 565,034   

that gives us a market cap  of .. ?
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