NXT :: descendant of Bitcoin - Updated Information

[ZeroTheGreat]

I'm with others - I think these options like nuclear weapons should not exist.

That's I'm trying to say. Why create nuclear wepon and THEN decide who and how can handle this? We can just stay away of creation. Stronger network is (coins~people), more difficult to anyone potential creator will be to create it in futute.

[pandaisftw]

You guys need to keep in mind that voting in NXT is not the same as voting in a democratic government. It is more like a shareholder voting in a company. Someone who has more invested into NXT should obviously have more say in which direction it should go, right? If you skew the system in favor of smaller holders, what will eventually happen is that the smaller holders will someday vote to destroy (or redistribute) the larger stakeholder's coins for their own benefit. This will end with everyone trying to own the least amount of NXT per account possible, thus a downward spiral. With 1 NXT = 1 vote, larger stakeholders have very little incentive to sabotage the system (as they would collectively have to own 51+% of all coins), thus any negative action against NXT would actually cause them more harm than benefit. So I firmly believe that the equal voting system (no weird scaling system, which will be exploited by someone to create millions of accounts) is fundamentally the only correct way to implement the VS.

[mcjavar]

fan art

i like the left one better. Maybe I should get back to BTC...

[ZeroTheGreat]

GOOD NOW LETS FOCUS ON IMPLEMENTING LOCAL VOTING ASAP

And why do you think idea of Global Voting appeared in first place? Do you potentially need it for any purpose?

[ZeroTheGreat]

You guys need to keep in mind that voting in NXT is not the same as voting in a democratic government.

Who there really need a built-in goverment inside payment system. Stand up and say. I wanna rely on math here, for example.

[Pablito89]

fan art

i like the left one better. Maybe I should get back to BTC...

hmmm that's why i still have some btc the left one is not so ugly

[ZeroTheGreat]

So I firmly believe that the equal voting system (no weird scaling system, which will be exploited by someone to create millions of accounts) is fundamentally the only correct way to implement the VS.

Why do you personally need a Global Voting? For decide what kind of things exactly?

[laowai80]

Who there really need a built-in goverment inside payment system. Stand up and say. I wanna rely on math here, for example.

Can you put in 2-3 sentences what you are trying to say?

There are 2 simple systems suggested so far:

1 NXT = 1 vote

1 account = 1 vote

which one do you support?



What is global voting and what is local voting? When did those terms come into being?

[killver]

Anyone know how long it takes for dgex to add my nxt i transfered to them? Been waiting 2 days already, thats really annoying.

[laowai80]

Anyone know how long it takes for dgex to add my nxt i transfered to them? Been waiting 2 days already, thats really annoying.

better ask in their thread

[Pablito89]

NRS 0.4.8 is ready and can be downloaded from:

http://info.nxtcrypto.org/nxt-client-0.4.8.zip

sha256: ec7c30a100717e60d8abe50eedb23641952847d91ff90b9b05a74ff98d8a4cf2

From now on I will also be posting the latest version number and sha256 as the value of NRSversion alias on the blockchain: https://localhost:7875/nxt?requestType=getAliasURI&alias=nrsversion

Change log:

- Added Transparent Forging, will be turned on at block 32000.
- Memory leak fixed.
- Send money from the browser now also asks for the secret phrase.

There is only one new parameter in the web.xml, myPlatform. It is used to announce your platform - PC, Mac, Raspberry, NeXTstation, VAX, zombie...

The zip file does not contain blocks.nxt and transactions.nxt. Make sure you preserve your own *.nxt files before upgrading!

@CFB
Why he says to preserve our .nxt files? Can't i just upgrade and reload transactions-blocks?

[ZeroTheGreat]

What is global voting and what is local voting? When did those terms come into being?

As I reconginze, local Voting a thing to decide how control companies under groups. Dividents, strategy etc. No problem.

And Global Voting'll bring us things like blocking someone's acc or changing algos or something else, things that touch whole system? So all I'm trying to do now it's to know that what any supporter of Global Voting expects from it? What kind of problems he hopes to solve with Global Voting (in anonymous decentralized payment system)? Or it's blind support?

[instacalm]

NRS 0.4.8 is ready and can be downloaded from:

http://info.nxtcrypto.org/nxt-client-0.4.8.zip

sha256: ec7c30a100717e60d8abe50eedb23641952847d91ff90b9b05a74ff98d8a4cf2

From now on I will also be posting the latest version number and sha256 as the value of NRSversion alias on the blockchain: https://localhost:7875/nxt?requestType=getAliasURI&alias=nrsversion

Change log:

- Added Transparent Forging, will be turned on at block 32000.
- Memory leak fixed.
- Send money from the browser now also asks for the secret phrase.

There is only one new parameter in the web.xml, myPlatform. It is used to announce your platform - PC, Mac, Raspberry, NeXTstation, VAX, zombie...

The zip file does not contain blocks.nxt and transactions.nxt. Make sure you preserve your own *.nxt files before upgrading!

Cheers

[smartwart]

What is global voting and what is local voting? When did those terms come into being?

As I reconginze, local Voting a thing to decide how control companies under groups. Dividents, strategy etc. No problem.

And Global Voting bring us things like blocking someone's acc or changing algos or something else, things that touch whole system? So all I'm trying to do now it's to know that what any supporter of Global Voting expects from it? What kind of problems he hopes to solve with Global Voting (in anonymous decentralized payment system)? Or it's blind support?

good post, now it comes closer!

will nxt be more as a payment system?

[laowai80]

What is global voting and what is local voting? When did those terms come into being?

As I reconginze, local Voting a thing to decide how control companies under groups. Dividents, strategy etc. No problem.

And Global Voting'll bring us things like blocking someone's acc or changing algos or something else, things that touch whole system? So all I'm trying to do now it's to know that what any supporter of Global Voting expects from it? What kind of problems he hopes to solve with Global Voting (in anonymous decentralized payment system)? Or it's blind support?

ok, I guess the main problem to be solved is long term survival of NXT.
But you didn't answer which one you support from the 2 systems I wrote above, be it local or global.

1 NXT = 1 vote

1 account = 1 vote

which one do you support?

[ZeroTheGreat]

will nxt be more as a payment system?

It's unclear. We're building authority (51%+ or 99%+, doesn't matter) or not?

Is so, strike work "decentalized" and say it loud and clear.

[landomata]

will nxt be more as a payment system?

NO....it will be much much more than a payment system.

Nxt is a whole new technology

[ZeroTheGreat]

ok, I guess the main problem to be solved is long term survival of NXT.

Which problem? Why Global Voting appeared in first place? For what potentially could u personally use it, for example?

But you didn't answer which one you support from the 2 systems I wrote above, be it local or global.

1 NXT = 1 vote

1 account = 1 vote

which one do you support?

Ofc, based on NXT inside created business (tied accs by algo when creating Asset or smt like this). No Global decisions at all. Just some competitors outisde suggesting new code to implement. If nodes'll setup it, system'll split. Not much diff. from freeride with Bitcoins forks. Everyone free to choose with which he'll stick with.

[utopianfuture]

will nxt be more as a payment system?

It's unclear. We're building authority (51%+ or 99%+, doesn't matter) or not?

Is so, strike work "decentalized" and say it loud and clear.

Nah, no central authority unless you count the development team. Features such as alias transfer will be implemented after a vote. Global vote is to implement more features such as dark wallet, mixing and many other things. Votes can not be used to destroy coins or freeze account.
Stop your bull and learn more, NXt is much more than a payment system.
The core underlying won't hardly be touched by votes which I think would be mainly for features.


  

[laowai80]

Which problem? Why Global Voting appeared in first place? For what potentially could u personally use it, for example?

Well, I'd use it for example to decide which peers to include into the web.xml as well known peers by default. Is that global or local, I have no idea?