Hi S3052,

I have cross posted your post to the Nxt general discussion thread: https://bitcointalk.org/index.php?topic=587007.msg10278049#msg10278049

I am trying to keep this for Nxt Core technology info/discussion/questions only.

Thanks 

Cross post:


N.B. The sell off today was the BTER hacker selling 3million of the stolen 8million NXT, timed to inflict maximum damage it seems. But we're still here. Again.  

  Go for it, it is still early days.


The MSCoin minting system is designed for other developers to come on board. There is a bog standard minter bundled with main Nxt software to bootstrap the system that is already falling in popularity. Already, the "NxtMint Java Minter" thread you posted in on nxtforum.org is one such developer that has started his own minter that is supplanting it (the dev of that has nothing to do with the development of the Nxt core or technology).

In theory, minter devs will compete with each other to design the best minters. If they can figure out a way of selling them without people pirating them (possible using data stored in the blockchain as a checkpoint/licence perhaps? IDK), then they would become the new ASIC manufacturers equivalents of the minting world.

I think it is still being discovered. And people might not even tell you if they know  


ELEMS and EGOLD are two of the earliest POW MSCoins/sub-currencies. Newer MScoins might be more profitable, I don't know.

More detailed help can be found on nxtforum.org. Check https://bitcointalk.org/index.php?topic=929548.0 for the specific links.

PM sent to OP.

A snippet of info on the Account Control feature, emergency transfers (or just a simple 'transfer all' for convenience, I guess    )


https://nxtforum.org/account-control/enhancement-suggestion-transfer-all/msg155150/#msg155150

Great, let me know if you get something up and running.

Post in the thread if you have any problems, there a 5-6 people keeping an eye out to support new users.

MSCoins were only launched on the 10th January so there are still a lot of new people finding their feet.

Are you struggling qwep? Nxt has a lot of people from around the world so I could find someone who speaks a different language to help, if required.

 

https://bitcointalk.org/index.php?topic=935083.0

There is a new mining asset class for CPU and GPU miners, Nxt MSCoins (MS = Monetary System). Also called 'sub-currencies' as above (and a few others at the moment until one name beds in   )

Someone is making ~$26/day (less electricity), check the blockchain for yourself . If you need NXT for paying fees, these can be mined at hashrate.org

https://bitcointalk.org/index.php?topic=935083.0

There is a new mining asset class for CPU and GPU miners, Nxt MSCoins (MS = Monetary System)

Someone is making ~$26/day (less electricity), check the blockchain for yourself . If you need NXT for paying fees, these can be mined at hashrate.org

Feedback would be good later 

More than 50%.


Only because CfB said that 50% was implemented about 6-9 months ago  


Edit: Tried to find the link but couldn't  

The "ability to predict the next forger to a high prbability" part of Transparent Forging is already running on the mainnet.

Check the forging accounts of the next few blocks against the predictions here...

http://188.138.33.10

...to prove it.


The first stages of Transparent Forging were added to NRS v.0.4.8, if you check the change logs. That was block 30000 (1st Jan 2014). (It was planned for 32000 but there was a hiccup   ). The roll out of TF on the mainnet as been happening for over a year.

See: https://bitcointalk.org/index.php?topic=345619.msg4235982#msg4235982 for Jean-Luc's announcement.


There won't be a point where you can say "that is when TF began", the algos are tweaked to turn bits on and additions made over time.

Cool. The main problem I see that I spoke about earlier was how to get around Transparent Forging. Each forger/miner can predict who is due to forge the next block with high probability. You can see the predictions live from the real Nxt mainnet here:

http://188.138.33.10/
(red are accounts that missed their turn, blue are ones competing for Nxt block with a prediction for the time to next block)


If cynicSOB starts broadcasting blocks when it isn't his turn, the network with blacklist him/reject all his blocks. He will have to fool many nodes in the network to tell the remainder of the network that he is next for his blocks to be accepted. And it might only lead to a temporary fork, with the network reorging later on (upt to 720 blocks later) and orphaning all his blocks. Not a trivial problem to crack.

You can read more about the background to Transparent Forging here, if you are interested: https://bitcointalk.org/index.php?topic=364218

For anyone minting/mining the new mining class of MSCoins in Nxt's Monetary System*, they can use hashrate.org to mine other coins that are sold for NXT. The pool then pays out in NXT.

NXT is then used to pay the transaction fee to register the newly minted MSCoins in the blockchain. Someone is making $26/day (less electricity) at the moment, there are rewards for early adopters.


(*this is POW inside a POS currency see... https://bitcointalk.org/index.php?topic=929548.0 and https://bitcointalk.org/index.php?topic=935083.0 for more information)

For anyone wondering, CynicSOB is working on nxtforum.org to try and break the testnet. You can follow here:

https://nxtforum.org/testnet/nxt-security-audit-attack-simulations-on-testnet/

Hi Kushti 

Do you plan to write these findings...

https://bitcointalk.org/index.php?topic=897488.msg10152632#msg10152632

... up into a 4th paper?


Or shall I just add the link to the post to the 'Nxt Whitepaper' thread?

Link? I was only aware of 1 minter other than the Nxt bundled one ('NxtMint Java Minter' for GPU, ScripterRon is online a lot and debugging people's problems, it has good support)

Info on others would be good.

EGOLD [ANN] - https://nxtforum.org/monetary-system-153/(ann)-egold-1st-mintable-keccak25-coin-zero-premint/