 I Pledge to Buy NEXI come here for the pictures, thank you FC. |
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Here's my take on it klee, complete with example economies.
That guy has some good thoughts, but he doesn't consider the fact that with PoW,
hey, can I lend some sentences?  Sure, you can use anything you want from it. Great write up, thanks for doing that. |
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That's not enough to call it a fact though... Everybody can post something like that and say they got it from Vircurex. Not even a screenshot of the email would prove anything. Did anybody tried to contact Vircurex to confirm this?! The guys from Vircurex have been in contact with Nxt dev for a while. It will be added in the next couple days. It's going to be added to several others as well. |
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@utopian hw do u intend to distribute the NEM's among the early initial stakeholders? Could investors buy more NEM's later to increase their stakeholding? Btw, lookin 4wrd 2 NEM. Completely Fair Distribution - Equal Shares for ALL -- that's our motto. Since NEM is proof of stake coin, all NEM will be available at genesis block and will be shared equally to all stake holders. After that market will decide the price of NEM. Read earlier posts to see my thoughts on investor issue. The goal is Equal Shares for ALL (accounts). Will that include you? I think it's fair that even the founder of the coin get an equal amount as everyone else. Including me. I have 1 regular account stake. But there will be 5% NEM developement stake. Stay tuned. Glad to hear that. |
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Proof of Stake is never going to succeed. It does not incentivize adoption. Honestly, even Doge is a better coin than NXT.
"Never say Never" - Justin Bieber |
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Messaging Question: Guys - How is the client informed when it has actally received a Message from another account? I have been going through the api calls, but I can't seem ti identify anything that might tell me that a message has arrived... And what is the 'broadcastTransaction' for  Other than your transactions will list it as incoming transaction with zero Nxt and 1 Nxt fee, nothing really. New clients will have a message tab so you can access all your messages in one spot. |
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-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
Release 0.5.10
Thanks JL, will update asap. |
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@utopian hw do u intend to distribute the NEM's among the early initial stakeholders? Could investors buy more NEM's later to increase their stakeholding? Btw, lookin 4wrd 2 NEM. Completely Fair Distribution - Equal Shares for ALL -- that's our motto. Since NEM is proof of stake coin, all NEM will be available at genesis block and will be shared equally to all stake holders. After that market will decide the price of NEM. Read earlier posts to see my thoughts on investor issue. The goal is Equal Shares for ALL (accounts). Will that include you? I think it's fair that even the founder of the coin get an equal amount as everyone else. |
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Can anyone remember how much Satoshi paid Kasperski?
I certainly doubt he published "out of the goodness of his heart" though. Let's hire Kasperski. Does anyone have an objection ? I would imagine Kasperski does with 10 Bitcoins Why don't we submit it as an academic project for MIT or Stanford students? If you can find a flaw, report it to CFB for approval, we give you 10 BTC. I can set that up. |
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of course not; just explain how its ok for a "company" to do an audit of our curve signing implemenation, but not ok for a private competent individual to do it, just because he happens to teach at a university?
Ok, I'll try one more time (by the way, nice example from utopianfuture about the rating agencies). When you pay a company, it does the audit and hands results to you. When an (already-on-a-salary) academic does a review, he announces it to the whole world. Small, but crucial difference. I agree we shouldn't hire a company to do the audit. We need to find a person to do the audit, someone who is an academic or professional in the crypto market. I've contacted about 10 individuals who's ethics wouldn't be questioned, and who could care less about 10BTC. I'm basing their ethics on the fact that none of them have involvement in crypto currencies, which I would say is a conflict of interest if they did. |
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Then find someone who will do it for free.
So, to reverse your logic, if I can't find somebody who will do it free, I should go and pay somebody with questionable ethics, who will? So if I can't, say, get a building permit from a government official, I should go and find somebody who can "solve my problem" for a fee? You see the slippery slope yet? There is no logic involved, I'm asking you to find someone to do it for free. |
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... a respected academic to thoroughly review Nxt and write a paper on it...
That's still unclear. What is he gonna do? Go through source code? We don't have a whitepaper to review yet, right? And paying $16,000 to a "respected academic" to review your whitepaper just doesn't feel right. It reduces it to "9 out of 10 dentists recommend" kind of thing... Well, not exactly, but a step in that direction. And I certainly wouldn't want people to say "oh, and that review they did? They paid $16,000 for it, so...". Then find someone who will do it for free. |
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I see that gaining exposure for this project is going to be an issue. Particularly because there is no direct or obvious get-rich-quick aspect to it.
Update: I am investigating the possibility of implementing Bypass as an application layer within the Nxt system (using their arbitrary messaging system), much like Mastercoin living on top of the Bitcoin system.
Contact CFB to get advice on implementing with Nxt. If you can do it I would be very interested. |
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Has the clock been pushed forward another week on http://ethereum.org/? I thought the clock was counting down to 24th. Yes it has, I guess he needs for time to figure out orphaned block. |
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Wow, cards look great, can I get one sent to me for souvenir?
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What makes NEM different from all the other NXT clones (like NEX) aside from the 4X more coins? Also, what is the timeframe for this project? I think NXT can be overtaken by a clone because the NXT stakeholders have too much power and I think their greed could destroy the coin. So, I definitely support this NXT clone movement. The real question is which clone will be the best? I'd rather take some of NXTs ideas and create a new coin from scratch because the NXT code is spaghetti. (And if we can get away from Java, the better ). My 2 cents. I guess the questions is, can you create a coin from scratch before April? It's quite the undertaking. I don't think Nxt will be overtaken by a clone because of stakeholder distribution and it certainly won't destroy the coin. Major distribution has already happened since the genesis block creation. Stakeholders have given away large amounts for bounties and others have sold 90% of their holdings. The difference with NEM can't just be distribution, people will always complain when you start selling NEM for profit when others received it for free and you are only creating more hoarders of NEM |
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To me, POW is such a waste of resources, we are spending millions on resources to mine BTC, it doesn't seem like the direction we should continue heading as the world struggles with limited resources. The amount of power wasted mining BTC is absolutely atrocious. Regarding your concerns with POS, read up on Transparent Forging. POW is completely susceptible to corporate control, look at the mining pools, you are close to 51% with Ghash.io alone. Meanwhile I'm forging Nxt right now on my RasPi.
Power line wastage is even more atrocious. Payment servers of credit card companies also use atrocious amounts of energy. Any reliable decentralised payments system will need power to function. POS seems like a step backwards in terms of centralisation. Yes, that is the point, we don't like centralization at Nxt. |
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Meanwhile I'm forging Nxt right now on my RasPi.
This is really cool. It will be very good for mining on always on, solid state gateway devices and routers. Yes, we have an army of RasPi's and Cubietrucks securing our network. Here is the first look at our high-end forging rig. http://www.nxtcoins.nl/first-look-nxt-high-end-forging-rig/ |
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