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Author Topic: [ANN] Nxt :: descendant of Bitcoin  (Read 383782 times)
Come-from-Beyond
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November 21, 2013, 04:11:36 AM
 #601

What makes this better than MasterCoin?

No wasting of electricity required. Also, MasterCoin can be forced to move to other blockchain which would be inconvenient.


And whats up with the deposit multipliers.. it seems kind of sketchy. I like the way MasterCoin was started better... no multipliers at all, there was a direct linear correlation to the number of BTC sent in and the number of MasterCoins received.

Can't address this.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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November 21, 2013, 04:15:49 AM
 #602

Thanks for the answers.. this is a long thread. I'll have to look into this more when I have some time. Smiley
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November 21, 2013, 04:27:05 AM
 #603

Remade genesis data:



Address; Hash; BTC; Multiplier; Weight; Nxt

1Aq5XrMf7SQsVA3RsByvZiRnARSCoaenj; 0810dc38a2e6e956918f2057f06f02846dfcfc6bf8860d976e08dec7e5cbfe8d; 1; 300; 300; 49875768
168udnkT3BMgFkzXwzLGnEymJpXxrgEhxt; 0dff9e047bde2f3de9551ea9439190f62080b443060fd76f66f3b87af38c0b8a; 0,0105; 300; 3,15; 523696
1EujnSavF7qVg5ngrKpTLbD52aCvoyTPh; 0e1446244ca325c2dd0cd6a8c6a5d56733bcce315a5536b750a408092d0b48b5; 0,11; 300; 33; 5486334
1AN8bAhXrdnqHU8USe3rNqdcneWacxQUZu; 17596f1491007e17fc4fee55fe6cf43b99a42384b5fcd80e5269816152918230; 1; 300; 300; 49875768
14uuEcJAu53LDaMtPHJeTnZntB9wTdhaDJ; 1ab5a766facab02b852d6d529c49c2d0b08f12bdd14edaaefefa33bbc6da9f5f; 0,2695; 300; 80,85; 13441519
1GEc3wYTEN6Qqv5EcroCoPKd9fiKTjF8re; 2046872575f876ef6ad1a10066d22aaa8ab4f448fe3271c03f26c074a91e6dc9; 0,0046; 300; 1,38; 229429
1FZ7mNaMLPWBeRfqhmJEUHJSQ95nLVDRkm; 206ae640bbeed24f4bbc53a46d6e0c2fb85d22f721c14cb3fe2e54ad047e8f92; 0,0136864; 300; 4,10592; 682620
1Ef7ktyH2X9bCddi4rJx57xcVXn3gLJ4U8; 25d720306c16e7d92568b9092de9720d5bf996bb48e68e11effb149943b14387; 0,1; 163,893703061814; 16,3893703061814; 2724775
1FnzXa7ZStYUiKn3fexcjyp2hhBMfotxHp; 27372fe89248a9af979f2a22a07392d5d916d562da3b5ec408673d33d0e1e9d8; 0,3; 300; 90; 14962730
1Dp5LgpR4guEWKcymiUBEhQ2KexZsVoeCR; 29d73686b411c37e4e210552c383abbc2b43d84c2c46acaf5fbdf42cd6b6ca55; 0,0003; 152,339688041594; 0,0457019064124783; 7598
1MQGi11GxnqZ5U54NRBHV3WaUug36GfBQt; 2a4e5f10fd10354a4428cb1be0570723b68d0cea9897010051265c109c600476; 0,00013; 163,489312536106; 0,0212536106296938; 3533
1Bahw2u7he2V5wjzsAUqN3cTYAzWS26okM; 2b43e5026f830acf162c0b2b9d7067f5497fb8ad9090de42ad6b920f64926ca9; 0,00015915; 187,406123627961; 0,0298256845753899; 4959
1N3HgV1dZLoE9TRyVCjMkxw2G2y2hQcdvY; 32046fc7228e1f76b31acb419919d954017cc247d9c25b0c8bc64737a273860e; 0,7; 300; 210; 34913038
1K5pCkPtW1MME71U1vwBQFoY43CY9vsdFb; 32546d6b62f4922ef6bb653c13d4cbae90721c925a6a2919358552dff3daf727; 0,62; 300; 186; 30922976
1Dba8SikT4SRWeFEPJ6kSBpp1wJRTpswxe; 35dbeb61aaa396376dbc31fcfaaf7b3571d6975ca7ad19da1007705cf3506d8b; 1; 100; 100; 16625256
1Fb6hQwFSw7AfXCUD1chUPkK5Pe7LFiC3e; 37f018d57783e4f7cbd0036055e701e6f60fae0d64378250a4733c04e276f9b4; 0,66; 268,284228769497; 177,067590987868; 29437940
1PPD5nbcMgzNjDBLmBSWZuAAynpkKcP4Ty; 3f918c259ef709406585088fa0cdae1a07d078d1025186ec37231d4874710a9b; 0,2985; 300; 89,55; 14887917
1AAGhF3uUAm4Qev8JqHFfWSGxZcGitaShh; 41acd6c59d0688b62f936fc6d78db765eaf49bd562602da25553b1261c187666; 0,02846684; 227,960716348931; 6,48932123859041; 1078866
1AbrjcWzMxvDTMsXRwv8VWGS7KTi9iVfoH; 42590cc6da477fb99dce1fce1ac8d9eb45c386b3a9566a464a2233ba7c247382; 0,000299; 145,753899480069; 0,0435804159445407; 7245
1K2qmHwxyZumsfWPWekrEwo62UzvxY6V9m; 46d1174c91b24562a752553d7c21291e11bf503a067d0dc8dc88e2516846368a; 0,02; 300; 6; 997515
1JMXS3DnSfbyegtRH5QBp8sLEHcyeePwii; 4eec1b6602b29c38d725db31ad520b77e296fb67166a9d74249bf23dbd5e85bc; 0,061; 265,337954939341; 16,1856152512998; 2690900
1A6AJnusU6qMnGsggNqA1C2eqws9YdqKX7; 538762dc829b3e4b4738c4e56453584e1ce2b45997c340615451af35df0d6c94; 0,22222222; 300; 66,666666; 11083504
12vw1HgMvmoF6nc4wUrTWBNcd8bEZTASMF; 5654dd2ba6a52d554e162933eedcf77061f8589d7dd6ee2099549d626408a343; 0,007; 300; 2,1; 349130
1winP9hz6tnXdrABUwmZRSe146KgLDKSQ; 582b5913811586bbb73e1f70309ca2778da74bcb055bdc86668b2d7de08a08f0; 0,00105; 300; 0,315; 52370
1NK92Y1gr3bJ4pxPARKrHmpi5qaSoFjBBE; 5891c7583963a6b21efd2cbffe24285d18d5d8edbe7c213d33ffbecc5e1979ce; 0,0999; 298,96013864818; 29,8661178509532; 4965319
1FvSDjXuhkkDKPaQaZYnRxGkbAhDx9MrPD; 593cf17cad60ca1e3b6e586f3135672b743e15ad4378cbc87e00bd8a184d6678; 0,000111; 290,121317157712; 0,0322034662045061; 5354
1Q1tTBCTttnjLmNdNsmP2sZV2zGDj9YBSN; 5aecacddbeecc6bcde9fa84ab8339f74effaa25f1c5740f36b34e30af3e70b84; 0,25; 300; 75; 12468942
1Q8HXQ2eY3mXufRZUdzqoV15t9EQ15y42i; 5be196f15dc6a5c3e0f99d9325f389851086b55235e6515d01adf391f36fb0a5; 0,25; 300; 75; 12468942
1K3J1NtYiVtqsbP2kFDrYtq2jyrVk4wzwP; 5cc79403864c9726d7ea8ab8806a1db380d12507f4261a8ce8cbb80459cc3a80; 0,00020726; 264,240323512421; 0,0547664494511843; 9105
1A46zGTQzHzQ9mLUNZ4ecaAvFFSthEHV99; 5f867eaf7b07fa96ca8cdc57cb91cb221fc40353b9cdeb6fcba25b7ba90ad365; 0,1; 300; 30; 4987577
19xu8F5tqTwBFGC9SvdRcKmWvUXCxhtnK8; 66be9c7ceccd2d3508fddbb141b45a30a10a561b8e891b9c653ceebd38d087a9; 0,01; 300; 3; 498758
1ArturoXHSDWke5snRxvhekyUiu5bq8qe4; 66f0f44a7c995c731d25691ff4392e6a24822f5fe1e8803c278fc02b2d55274f; 0,037; 300; 11,1; 1845403
1HJgp2eTs5epCTDyA8cSFkV642N8ofg3vf; 67887b2778fc8a859deb3c108d69b607bdf78df947fdb999419f3aed1e260349; 0,001; 300; 0,3; 49876
1Q5zryT8aWq2CGcQNXPQGfVw1Ez1BL3ADe; 6befcedeb5095064431396dd220fc198e4ed6fc72202eb01aca682aa95874ee0; 0,19; 300; 57; 9476396
17YrZ24gczQDtLBsmXhLDzgKJQmtuvcFzQ; 6c81747257decbd565fb3b80bab1ab35521e04e1772bdc84238431fba122c0ea; 0,2495; 300; 74,85; 12444004
1Aih4VGy1Hy3rEZKxMCT2fVptZPephSZTc; 70f4f8240e9b1204637c6a3d00981638d18d2c0bd40ddb2878fec57740b57200; 0,00073556; 300; 0,220668; 36687
15MFpMyPa2iCXTUotSWsT9v512TUYYN5oa; 729ef0b203f616456a660080efb74d14fea93f05955859c3123cdba378032e6d; 0,0999; 149,335644136337; 14,9186308492201; 2480261
166FkZq6yXyYD4vdZWonAW9ubskUcqSyuK; 72d1db104a4ba30b12e3809e786daac543fceb8e2e3ae0996d189d7585ce86da; 0,01173528; 300; 3,520584; 585306
1HuZB2XyXh5bNyvvFKE8XtuHBi7AyQ4D48; 7ae0f1801dac61141c454b7899a741661b59b11c42e5f8348dc5b814af4eeb28; 0,00018952; 194,569612940497; 0,036874833044483; 6131
15Z3tL8sKrTM1jJtaMiR3ktZdLW1S588QV; 7fd79284770d2f00c1cb03a5660c2ea382c631c8df94dcc7dda78ba804efd296; 0,00021; 101,617562102831; 0,0213396880415945; 3548
1PkojiaeVHUZkz4XYRbDAagxgMV6PsEZLB; 8120cf5e664b7f24fe9ec1b4ef24e3ca808390ea52f456e5a13abb4c89972b1b; 1; 300; 300; 49875768
1HLWhtH8XUxgs6u3wHNAkYJhDwwUHQmNK3; 86179d520b811aaf7ac3b4a4f8a717b6159ddf6a3443fda8c0cb8a4fcd8e1102; 0,00017; 177,238590410168; 0,0301305603697285; 5009
1924ayrHexjvoFAtCXDQjHcrf5B3YDqYyM; 8e64d4c47b263839f6916876b51edb2f1a494286b40472ccbf05ec93fa4bb85f; 0,1098; 288,388214904679; 31,6650259965338; 5264392
19N4XuwBGmSz5eba5Uu4xsU1kymmGXLv5i; 8f3b17cb030529bda48ead3d9337443df28c0e01c133ca3d380286698bb40ae7; 0,496; 191,04563835933; 94,7586366262276; 15753866
19UQKWGp1ZH42SvbiGUgxmjKYzaqZhFP9U; 90499586708abde8845a4820c6260612d54f8c0ed2094acfaedde81d24ddbc6a; 0,2; 300; 60; 9975154
1NECZpwD9onJKmrb8LV4ZzWoFYq5hW8xXU; 942b8b30a406907dd79bbb26d2ee69d93bb26a6f5ff4cb1962d2418c1881c77c; 0,7; 300; 210; 34913038
1HhHyyRvNgoAMu3mfu8yd7uTVyFgdnTjJF; 967c8f734b206dd7d42decd9264e593b53c8728531f3b526fd4c4b89af2d9505; 0,0575; 300; 17,25; 2867857
1N6sonFGeFk1VDvMRNu6WyhRoexvwEsYLt; 96baeb0dff53d62dcd0fb440ed8374f2692c4131c9941e4c1c2655fe24b4a3d4; 0,31052493; 300; 93,157479; 15487669
1CgGkrz8rf8Cm9yQvMb3SZrQRnmaKvF3t9; 97426f10d629579fbe353df5a53b2b100f42e502e090ebcb56052d23d50aa327; 0,1; 175,447718082034; 17,5447718082034; 2916863
1FTonUwAQQTYWKCQYdyziwLHz3hFqKC7Nx; 99500de7dc13abc15d3f4be439c239c46ed5fc42847e52b68e369882767d6a7a; 0,000163; 218,717504332756; 0,0356509532062392; 5927
1AXtTp4SYBQHa59Sj44rhPxHeF5QrnGvgC; 9ad4312cf972d1909cd450837382061e408418c2aeba305aa65f66d3f6467324; 0,0009; 300; 0,27; 44888
1PAHeCmZEpbCrZdFCStWdjRCZT9MPTnbJc; 9e31dde4483066f86969c090ca052c8184046b8764f89032a798a6587e171ae0; 0,10091265; 300; 30,273795; 5033096
19xu8F5tqTwBFGC9SvdRcKmWvUXCxhtnK8; 9e4fda070f07f5435738e1a1614ad5af644e3b1c77c9fbee5e22376e9492be04; 0,01; 120,912767186597; 1,20912767186597; 201021
1CWsJpnVa6nHqouccS4tQ4TADWdh9NAmLr; 9e8e1c5a4b797d07888592b8a712e7b1e8f9ed3e1a4857132552700d25613e91; 1; 300; 300; 49875768
1MKuTAZ5HojqirCGQQxjmAqv9dSodVZeNV; a5e516d340e3692e41c65e2f6a2cfffdf0891dac4ee451c8112002caa437e6e9; 1; 300; 300; 49875768
1Eivos4WKhsVowM8cH1TQPkHThD7dXf2Aq; ae7a59f0fd7fe7e10e08025e42bedf1f3e42efcbbed299ce5b8e40ca74bd112b; 0,01; 140,554592720971; 1,40554592720971; 233676
1BR71fvXbEsEcsmRr4wAqGTtQTkTguna4Y; b183d0a0aba2057dcb03812625fde9673660acab1a3256a1ead672859421f6ac; 0,25; 300; 75; 12468942
1EeqnkUZj5ioG9QjCZb6UVBTX18WaJHot5; b60f9eb8646d9380517923df787802a13224ae258159cfbec0848a1c517ce176; 0,2; 300; 60; 9975154
14wri9DBDLxqusSgd7foXnM49t42Ezkgc9; b9158dc268f2d4ef1c8caa0a402938e1b86f4ab20f9472ae31b6e776b6237ede; 0,001; 300; 0,3; 49876
1JX1TdSPBLJYSwXmzZ5pbeyTRzg9U89GN4; b92e37fd0b21cf7803a3e9748b6373dae7598d2e560ca634f892338e4bc2ba8f; 0,1337; 300; 40,11; 6668390
1ERJUfL5Ao4hYdp7fRrGJEh6Q8eHSBSmzN; bad959dd9bd3d1e583d9b75c7106e1f74955f7e995fe0d7ebf7309a6afdb0363; 0,0065; 300; 1,95; 324192
1KDzyYH39FVv4nFLNZsMMfw95T2o7TZnFj; bd5555b6d1b562f104da0cd14b1c3c7dbe973963952afd20717b6e82fee5d795; 0,0002; 202,07972270364; 0,0404159445407279; 6719
17wFSPe9GtZHdGBMARpRtoeNpnTVjZDRFH; c07e426943e99f93dd7c03765800e8ca4ea8a3820f286d20a5abe9243c66d2d2; 0,0995; 300; 29,85; 4962639
1Pep2nDU9ymZfLugiouFxBBz9ZTfjj6XM6; c2e4a50cb22d70a66e5ebe6c1a9cb06fd9cc7b8470b9a2f5959bec4ac0c0e307; 0,0995; 300; 29,85; 4962639
16bVVf3YV6SdDCYpw9nDUWnY8abKA6UVJx; c4838b67e20a35bb466f8a81c845e672d3d6448afbd00df47bd5a4b0a3f12590; 0,7; 300; 210; 34913038
1B3pffD2JqUka3jSzJ33TQmQLdnbShmei; c52bb76b3dde4567c2277e1b6a2ec6b43916c12914081cf63dce0846865ad1b1; 0,04; 222,934719815136; 8,91738879260543; 1482539
1GsLHXFFKhDU4E7tQPDTpnWebcXt3btHnL; c7a133698b80ff1d7459f35cd48aea9490f6d5bfcbbbfc2f8c37f3fb0bbe3137; 0,0117; 300; 3,51; 583546
14wri9DBDLxqusSgd7foXnM49t42Ezkgc9; cad2bd5a77d5bc8b3317d4c6dbee5292416a4e8b2e976583548b4c5cc05902b2; 0,01; 300; 3; 498758
18oZz53iH1dSdhijhrx6CXJEMp5A4PNcTA; cbad6e914dd6438998f20e643aad2b837c812d223aade83ad1a7e588de78b412; 0,4444444; 300; 133,33332; 22167006
1924ayrHexjvoFAtCXDQjHcrf5B3YDqYyM; ceac3ebd0c237349b7dabfa00eb8f2e9a1dcddb44acaef90a79321d92e44efe6; 0,01; 290,467937608319; 2,90467937608319; 482910
15R5kBZ7R1LuDHfLhu3s3K7bfwJFLu4A3R; d05787a7260a6281aae41210675e48042ecb9e9d5db7cd2de03099f71cf6a194; 0,000199; 287,059503177354; 0,0571248411322935; 9497
14uuEcJAu53LDaMtPHJeTnZntB9wTdhaDJ; d6ad24ccbbafaa1adb8623055f7653b101271c5df2210a43deee58270ce9f2b9; 0,7; 299,364529173888; 209,555170421722; 34839084
1MurGSVprdqDWw62Fdwmjbe5DMcLwrjQzq; d86225a94a7ddfbcfff4cc374b23ca04cf8cfdc4bc2ddf374b35c6bbe5a3f47d; 0,3995; 300; 119,85; 19925369
1ZACHcPP26YQFBqwKwBwRPhncguh6FgyX; d9b9970f0bf72161065eff6c8d43d77430781fbae64567550cc77a25636c0af7; 0,0495; 300; 14,85; 2468851
1CUQvJSrraxLYoa4BdiCUFfR7Mfjxq4ekB; da0740ea1a4da174adf066f6a87b94ca56831ee0f4a32aae9b741757944242d8; 0,4999; 299,364529173888; 149,652328134027; 24880083
1BKjGSv8GPHA9pbUJ9ZUmKpnXZEXh7MnSb; db6f4e6f69ac3741531ee44ef875f9f27d0a710723c4fa833ad6fb921486e409; 0,1; 300; 30; 4987577
16YtNAiYp8n51tvuUUaWKCKoY8dZ4zd5vn; dda53115959492002cc03bcaeb8779520803c7143dea930611418ebfe7574237; 0,1; 161,467359907568; 16,1467359907568; 2684436
1CgGkrz8rf8Cm9yQvMb3SZrQRnmaKvF3t9; de384a917cd7ecb44f577d23b6fea3faf15b3693bd97c70b134799a0fb83197b; 0,22549776; 230,585641167105; 51,996545571346; 8644559
1G7T9qjh2gruhLqnZ9jQuYyrAPWrQBQVhk; df76675ecf852f71639f794f6faa50938a822dc66c6b584fd5377267e0e7f208; 0,05; 177,585210860774; 8,87926054303871; 1476200
1KsFP5uEX3XdtTyKCscVhSn6vrE64yxXFg; df7884666fa838e32aae44758d19228f79c60857141dcfc655673dbc08693bb9; 0,4995; 300; 149,85; 24912946
1472Mvb9regNKjAnXWJoCzWCsSJr7DmehU; e28ae72eff30b8f1d46a7cbe68d0d291204b80a1adbc8abd9081e6b39cac2bb7; 0,0395; 300; 11,85; 1970093
1j4W5YwDhbFKcZ7xUQXEJpZhSg7GnYeKE; e4501bef0e8e20582d099d1a132747a77a46e8d6264501b24d4f9c3205ba67d4; 0,6; 299,306759098787; 179,584055459272; 29856309
1C9p5AymSToqgTUTJ2vvpRumL3xEg78Kyg; e4b859a276a8f64b95c7df7e5967af4ef75f17375601856655489f5542d3b491; 0,0101; 300; 3,03; 503745
1A2eHhbFQTjzkfwRaTsM5ZNtUNQ4K5wrgA; ed0a6cf2a8627769e55365464350d418487edfb5a8dedd7917b4ad1fa7af0295; 0,015; 300; 4,5; 748137
1ErGFwcySQLdciMUEr1ofQqPyzD69C3ZTb; f43152c24c41dddffe0470afd62ca9f1d5a8e3f790821fdbd0a55e2727950576; 1; 300; 300; 49875768
1Q94UzkVDR92WizhJ4Kw3GKiVCRWx3mqwj; f891c980ab66ad908e29825622597b1241bf705591b1d498654155d01949d054; 1; 300; 300; 49875768
1DiongJYKudWWeWLce2zbG2cc8bobMFEhp; fa6e534db56984594e770c02f6a13153e2264b89633cb496e8ffb0e9b8b28d65; 1; 300; 300; 49875768
1C9p5AymSToqgTUTJ2vvpRumL3xEg78Kyg; ff829837a6dda765ca906baf6eeb8594c9dc8695c9281b56817cced26c00e5ff; 0,0101; 300; 3,03; 503745
19oRjHATc2R4RSnuKLgx1jpU9f6epAqfWt; INCORRECT (89423c600644e279f6abc48285ad98e3); 0,05272251; 300; 15,816753; 2629576
1E7xt1hvskg7RL2Pb2jW9Q3CV65LF3tXKE; INCORRECT (e707af0e027f491d53ce2876b5f5746ba563323ab74fe745a9bb87693d01ac3); 0,02; 300; 6; 997515
145sr6BvktxxCdGnxLuhHdPnEsGzu7mdcP; NOT SPECIFIED; 0,0106; 300; 3,18; 528683
1C9p5AymSToqgTUTJ2vvpRumL3xEg78Kyg; NOT SPECIFIED; 0,0097; 300; 2,91; 483795
1EtfY2ogfUTFdxpJ73wVsGd3UN64Jk3LmH; NOT SPECIFIED; 0,01; 300; 3; 498758
1323FYnVJeZv6mkzH3rVe7g4j3s638R8a9; NOT SPECIFIED; 0,035; 300; 10,5; 1745652
1Pk28AgUjpyYev4aiqoxBtmoReJ7rx81AT; NOT SPECIFIED; 0,0001; 300; 0,03; 4988



New hashes added, deposits with identical hashes grouped, NXT rounding changed from "rounding down" to "rounding to nearest".

Check and quote plz.

Reposted to increase visibility.
MoonShadow
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November 21, 2013, 04:44:35 AM
 #604

Where can I get to the NXT whitepaper?  Or somewhere else wherein the PoS system used here is described in details?

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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November 21, 2013, 05:14:16 AM
 #605


And whats up with the deposit multipliers.. it seems kind of sketchy. I like the way MasterCoin was started better... no multipliers at all, there was a direct linear correlation to the number of BTC sent in and the number of MasterCoins received.

This is incorrect. Mastercoin was issued at a rate of 100 msc/btc, with a bonus from 40% to 0% depending on how early you sent Bitcoins to the Exodus address.


Thank you for correcting me, I was not aware. This makes me look at Mastercoin in a different light also...
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November 21, 2013, 05:34:50 AM
Last edit: November 21, 2013, 05:47:01 AM by cunicula
 #606

Where can I get to the NXT whitepaper?  Or somewhere else wherein the PoS system used here is described in details?
There is no whitepaper.
You should go through my posts and mr.nxt's responses in this thread. This lays out what the code is supposed to do:

Summary based on my faulty memory (not precisely correct but outlines the idea)
1) difficulty target = constant/value of stake input
2) PoS candidate submission = hash (most recent txn id associated with proof of stake candidate input, block header from previous PoS block, time in seconds)
3) block rejected if timestamp is more than 2 hours in future or if timestamp is earlier than previous block.
4) tiebreaker: block displaced if new valid block appears at same block height, but with earlier timestamp
5) gaming protection 1: stake inputs must sit idle for 2000 blocks before becoming eligible for mining.
6) gaming protection kludge 2: blockchain cannot be rolled back more than 1000 blocks.

What's gaming? You could search over txn ids to get a good pos candidate. The waiting period means that you need to predict the future blockheader 2000 blocks in advance, see kludge 1. To do this you would need to mine all 2000 blocks yourself. Once you have mined 2000 blocks solo, you can construct a chain of arbitrary length by preparing txn ids in advance. This would allow you to overtake the main chain. However, mining 2000 blocks solo will take a very long time. To shut this down, kludge 2 prohibits any large rollback of the chain. (You can think of this as periodic checkpointing. Comparison of very large chains is done by human intervention rather than protocol rules.)

Not an elegant fix, but I was impressed at mr.nxt readiness to plug holes I found in his design. I would have assigned each satoshi a unique and permanent id at genesis, so that you couldn't affect the candidate hash by shifitng coins to a new address. I think this is a lot more work though.

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November 21, 2013, 06:59:24 AM
 #607

It's about time we decide the name for the descendant of Bitcoin.
I support:
Currency name / Currency Code (ISO 4217)

Nxt / XNT  or
Nxt / XNX

"X" is for currencies not issued by a nation state like XAU (gold), XAG (silver)
Bitcoin's proposed code is XBT

We have

Nxt / XNT
Precious / XPR
Bitcoin 2 / XB2

NXTtechdevfund  GPG Key ID: 0x903BC112
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November 21, 2013, 07:04:42 AM
Last edit: November 21, 2013, 09:06:43 AM by neer.g
 #608

[edited after comments from bybitcoin]
if/when someone intiate a well organized giveaway/bounty campaign/whatever needed to get the word around and make NXT usefull - I will donate 4M nxt.
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November 21, 2013, 07:43:13 AM
 #609

if/when someone organize a bounty (lets say 1,000 nxt for each person) - I donate 4m nxt.
You mean when someone organizes a giveaway (bounties are typically set to get some part of a project done by someone)
If you mean donating for giveaway, I guess you should wait a bit, perhaps one of us could open a giveaway thread and offer people some Nxt in reward for them spreading the word and story of Nxt in other places and to more people (for example to other btt sections, social networks, news services, local communities...)
This is dacoinminster's style of giveaway for mastercoin, which could be very effective: https://bitcointalk.org/index.php?topic=272577.0
A member post his efforts links and proofs for spreading the word of Nxt + a Nxt account id. Giveaway runner will review the new efforts each weekend once and will send some Nxt to each new poster proportional to the effectiveness of his/her efforts for advertising Nxt!
Giving away a flat 1000Nxt to everyone, in the style of ripple, would bring more harm than benefit to Nxt future ecosystem.
We also need to set some bounties, I was thinking about:
1-500K bounty for a nice youtube video about Nxt;
2-100K for a general article about Nxt;
3-50K for a chineese translation of the above article.
More coming!
PS: perhaps one can open a buyer/seller thread for people to put their bid/ask offers and start trading soon Wink

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November 21, 2013, 07:49:54 AM
 #610

if/when someone organize a bounty (lets say 1,000 nxt for each person) - I donate 4m nxt.
You mean when someone organizes a giveaway (bounties are typically set to get some part of a project done by someone)
If you mean donating for giveaway, I guess you should wait a bit, perhaps one of us could open a giveaway thread and offer people some Nxt in reward for them spreading the word and story of Nxt in other places and to more people (for example to other btt sections, social networks, news services, local communities...)
This is dacoinminster's style of giveaway for mastercoin, which could be very effective: https://bitcointalk.org/index.php?topic=272577.0
A member post his efforts links and proofs for spreading the word of Nxt + a Nxt account id. Giveaway runner will review the new efforts each weekend once and will send some Nxt to each new poster proportional to the effectiveness of his/her efforts for advertising Nxt!
Giving away a flat 1000Nxt to everyone, in the style of ripple, would bring more harm than benefit to Nxt future ecosystem.
We also need to set some bounties, I was thinking about:
1-500K bounty for a nice youtube video about Nxt;
2-100K for a general article about Nxt;
3-50K for a chineese translation of the above article.
More coming!
PS: perhaps one can open a buyer/seller thread for people to put their bid/ask offers and start trading soon Wink

thank you. edited my post.
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November 21, 2013, 07:53:57 AM
 #611

if/when someone organize a bounty (lets say 1,000 nxt for each person) - I donate 4m nxt.
You mean when someone organizes a giveaway (bounties are typically set to get some part of a project done by someone)
If you mean donating for giveaway, I guess you should wait a bit, perhaps one of us could open a giveaway thread and offer people some Nxt in reward for them spreading the word and story of Nxt in other places and to more people (for example to other btt sections, social networks, news services, local communities...)
This is dacoinminster's style of giveaway for mastercoin, which could be very effective: https://bitcointalk.org/index.php?topic=272577.0
A member post his efforts links and proofs for spreading the word of Nxt + a Nxt account id. Giveaway runner will review the new efforts each weekend once and will send some Nxt to each new poster proportional to the effectiveness of his/her efforts for advertising Nxt!
Giving away a flat 1000Nxt to everyone, in the style of ripple, would bring more harm than benefit to Nxt future ecosystem.
We also need to set some bounties, I was thinking about:
1-500K bounty for a nice youtube video about Nxt;
2-100K for a general article about Nxt;
3-50K for a chineese translation of the above article.
More coming!
PS: perhaps one can open a buyer/seller thread for people to put their bid/ask offers and start trading soon Wink



Dibs, I'll make one now.
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November 21, 2013, 07:59:55 AM
Last edit: November 21, 2013, 08:12:35 AM by bybitcoin
 #612

Very nice Noitev Smiley
Perhaps you or an assistant guy can open a google doc sheet for including the new bid and ask offers (like one Maxmint organizes for mastercoin) too!
We will also need some, known to be trusted, members to handle the escrow for coming deals.
PS: we also need a guy to run the giveaway in the style mentioned in my previous post. If you are interested, quote this post!
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November 21, 2013, 08:09:57 AM
 #613

Bam

I'll make a new thread once a client is available.
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November 21, 2013, 12:09:00 PM
 #614



Oh, BCNext posted in the OP we'd have an exchange ready soon after the launch. An exchange is not easy to create, I'm afraid it won't be launched earlier than on the 3rd of January...

Are you talking about the p2p exchange or a centrelised exchange?
If you need a centreliced exchange you can get one fron bter.com, they offer to create a exchange
"Ann: Want to build your own exchange platform ? We provide technical support, email us at support@bter.com "
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November 21, 2013, 04:27:43 PM
 #615

I'm on a poker site with alt coin project.

I'm not a coder but I was working in poker affiliation before poker black friday.

I'm searching for one dev specialized in cryptos to help us.

If I can make it run soon enough, I'll be happy to make Nxt my first ingame currency and spread it with giveaways if you want to donate.

Anyone interested in the project; feel free to pm me.

And yep an order book is needed
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November 21, 2013, 04:35:50 PM
 #616

I'm on a poker site with alt coin project.

I'm not a coder but I was working in poker affiliation before poker black friday.

I'm searching for one dev specialized in cryptos to help us.

If I can make it run soon enough, I'll be happy to make Nxt my first ingame currency and spread it with giveaways if you want to donate.

Anyone interested in the project; feel free to pm me.

And yep an order book is needed

That would be great, hopefully someone here can help.
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November 21, 2013, 06:54:07 PM
 #617

I can do escrow if you like, been trading a lot in the MSC thread..

Once the client is available, I'm fine with using you for escrow.  What is your fee?  I'll split the fee with Noitev.

I'm selling 15 Million NXT to 2kool4skewl for 15 BTC.

Since there is no client yet, I will need an escrow...
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November 21, 2013, 07:28:29 PM
 #618

Can we actually access our Nxt yet or is the site that is up just a demo version? 
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November 21, 2013, 08:27:13 PM
 #619

Can we actually access our Nxt yet or is the site that is up just a demo version? 

Not yet. The site is still running beta version. Once the genesis block data has been confirmed (generated), it will be incorporated into several bootstrap servers Come-from-Beyond is setting up. Then and only then will you have access to your Nxt (with seed of the double hash).

NXTtechdevfund  GPG Key ID: 0x903BC112
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November 21, 2013, 08:30:19 PM
 #620

I can do escrow if you like, been trading a lot in the MSC thread..

Once the client is available, I'm fine with using you for escrow.  What is your fee?  I'll split the fee with Noitev.

I'm selling 15 Million NXT to 2kool4skewl for 15 BTC.

Since there is no client yet, I will need an escrow...

We'll have to wait until the client is released.  Once the client is released, I'll transfer the 15 BTC to the escrow agent and you will transfer the 15 million NXT to my NXT account.  When I receive the 15 million NXT, the escrow agent will send you the 15 BTC.


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