brooklynbtc
Sr. Member
 Offline
Activity: 336
Merit: 250
AKA jefdiesel
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January 20, 2014, 07:35:07 PM |
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not much of an exchange. I wouldnt trust them at this point. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Anon136
Legendary
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Activity: 1722
Merit: 1217
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January 20, 2014, 07:39:22 PM |
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So for example you may say: A1 is spend on alice for marking, A2 is spend on bob for marketing, and A3 is spend on charlie for marketing. B1 is spend on nate for development, B2 is spend on frank for development, and B3 is spend on jim for development? Asside from being a little bit sexist, is that something like what you are talking about?
Yes - this is the basic idea - so people are voting whether to spend on "marketing" or "development" but who will actually *get* the funds for either choice would be a random choice of the winning "side" (the randomness could be based upon timestamps or something else blockchain related such as hashes). So if you are "Alice" then spending a huge amount of NXT may guarantee that A wins the vote but it doesn't at all guarantee that *you* win the vote. ill have to think about it for a bit. im certain it would work if you could hide how much was being donated to each address. but if that information was public and being monitored by the participants in real time fraud may still creep its way in no matter how large x was. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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NxtChg
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January 20, 2014, 07:40:02 PM |
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I can code a client by the end of today for macs.
Ok. Let me check my schedule... 20th - Implement mining in Lakshmi 21st - Test JS-implementations of NRS crypto algo, deploy NRS with Asset Exchange to the testnet 22nd - Resolve some issues assigned to me in Jira 23rd - Implement transaction handling in Lakshmi 24th - Review Account Control code 25th - Fix bugs in Account Control code 26th - Day-off Well, I could do VS review on 26th, then bug fixes and testing... Could you also post things like this more often?  I mean, we're basically in the dark what devs are doing... |
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Anon136
Legendary
Offline
Activity: 1722
Merit: 1217
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January 20, 2014, 07:40:12 PM |
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not much of an exchange. I wouldnt trust them at this point. why wouldnt you trust them? |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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CIYAM
Legendary
Offline
Activity: 1890
Merit: 1078
Ian Knowles - CIYAM Lead Developer
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January 20, 2014, 07:45:18 PM |
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ill have to think about it for a bit. im certain it would work if you could hide how much was being donated to each address. but if that information was public and being monitored by the participants in real time fraud may still creep its way in no matter how large x was.
I appreciate the thought exercise (and have to sleep now) but I do think when we consider the real potential benefits of Nxt and other such platforms are we have to try and rethink some of the basic ways we do things. We are never going to 100% stop corruption but if we make it expensive enough in an environment that means that your input amount gets distributed to others evenly then I think we might get a lot better situation than we do currently. |
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NxtChg
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January 20, 2014, 07:46:01 PM |
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Hey, that's looking good! -- Can we read somewhere about this built-in voting system? If it's good then there is indeed no point in building a site. |
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coolmist
Newbie
Offline
Activity: 56
Merit: 0
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January 20, 2014, 07:52:56 PM |
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Working on the math behind the voting system. What variables do you think should be included to determine voting power? So far I have (This isn't in any known language, just organized in a way that people should be able to understand) variables that are added to vote weight
account size
account age
Hypothetically let
lastblock ==1400
account creation[0]== 1400
account creation[1]== 700
account creation[2]== 100
accountSize[0]== 1,00,000
accountSize[1]== 500,000
accountSize[2]== 250,000
Let relativeAge = (lastBlock) / (accountCreation) '
therefore : relativeAge[0]= 1
relativeAge[1]= 2
relativeAge[2]=14
Let fairWeight = (accountSize)^(1/3)
therefore : fairWeight[0]= 63
fairWeight[1]= 51
fairWeight[2]=41
votingPower = (relativeAge)*(fairWeight)
votingPower[0] = 63
votingPower[1] = 102
votingPower[2] = 574
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pinarello
Full Member
Offline
Activity: 266
Merit: 100
NXT is the future
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January 20, 2014, 07:53:06 PM |
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Would love to here from nexern if 26th is still standing as testdate and if VS is implemented in the client.
Nexern?
Pin
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S3MKi
Legendary
Offline
Activity: 1540
Merit: 1016
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January 20, 2014, 07:55:43 PM |
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What is current block guys?
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Passion_ltc
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January 20, 2014, 07:57:25 PM |
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Would love to here from nexern if 26th is still standing as testdate and if VS is implemented in the client.
Nexern?
Pin
May you (nexern) post some screenshots of your client? |
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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January 20, 2014, 07:58:58 PM |
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Working on the math behind the voting system. What variables do you think should be included to determine voting power? So far I have (This isn't in any known language, just organized in a way that people should be able to understand) variables that are added to vote weight
account size
account age
Hypothetically let
lastblock ==1400
account creation[0]== 1400
account creation[1]== 700
account creation[2]== 100
accountSize[0]== 1,00,000
accountSize[1]== 500,000
accountSize[2]== 250,000
Let relativeAge = (lastBlock) / (accountCreation) '
therefore : relativeAge[0]= 1
relativeAge[1]= 2
relativeAge[2]=14
Let fairWeight = (accountSize)^(1/3)
therefore : fairWeight[0]= 63
fairWeight[1]= 51
fairWeight[2]=41
votingPower = (relativeAge)*(fairWeight)
votingPower[0] = 63
votingPower[1] = 102
votingPower[2] = 574
I know you guys just want to make Voting not so "top-heavy". But that is no solution. Let's look at this szenario: This voting math is implemented and 2 people just bought 10.000.000 NXT each. One of them is keeping all NXT in his one account. Voting power: 100 The other on makes 100 accounts with 100.000 NXT each. Voting Power: 4641 Basically he payed 100 NXT fees, to increase his voting power by 4741% Does that really sound fair? I think not. |
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BitcoinForumator
Legendary
Offline
Activity: 1120
Merit: 1000
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January 20, 2014, 08:00:42 PM |
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What is current block guys?
46067 |
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brooklynbtc
Sr. Member
Offline
Activity: 336
Merit: 250
AKA jefdiesel
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January 20, 2014, 08:01:46 PM |
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not much of an exchange. I wouldnt trust them at this point. why wouldnt you trust them? it just doesnt look very trustworthy, no other reason. |
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Anon136
Legendary
Offline
Activity: 1722
Merit: 1217
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January 20, 2014, 08:03:42 PM |
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Working on the math behind the voting system. What variables do you think should be included to determine voting power? So far I have (This isn't in any known language, just organized in a way that people should be able to understand) variables that are added to vote weight
account size
account age
Hypothetically let
lastblock ==1400
account creation[0]== 1400
account creation[1]== 700
account creation[2]== 100
accountSize[0]== 1,00,000
accountSize[1]== 500,000
accountSize[2]== 250,000
Let relativeAge = (lastBlock) / (accountCreation) '
therefore : relativeAge[0]= 1
relativeAge[1]= 2
relativeAge[2]=14
Let fairWeight = (accountSize)^(1/3)
therefore : fairWeight[0]= 63
fairWeight[1]= 51
fairWeight[2]=41
votingPower = (relativeAge)*(fairWeight)
votingPower[0] = 63
votingPower[1] = 102
votingPower[2] = 574
I know you guys just want to make Voting not so "top-heavy". But that is no solution. Let's look at this szenario: This voting math is implemented and 2 people just bought 10.000.000 NXT each. One of them is keeping all NXT in his one account. Voting power: 100 The other on makes 100 accounts with 100.000 NXT each. Voting Power: 4641 Basically he payed 100 NXT fees, to increase his voting power by 4741% Does that really sound fair? I think not. +1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it. that issue doesnt need to be taken into consideration by the person making the voting system. it needs to be taken in to consideration by the person creating the ballots. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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coolmist
Newbie
Offline
Activity: 56
Merit: 0
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January 20, 2014, 08:04:51 PM |
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This voting math is implemented and 2 people just bought 10.000.000 NXT each.
One of them is keeping all NXT in his one account. Voting power: 100
The other on makes 100 accounts with 100.000 NXT each. Voting Power: 4641
Basically he payed 100 NXT fees, to increase his voting power by 4741%
Does that really sound fair? I think not.
I will try to find a way around this . I just wanted start the process of developing a mathematical formula for voting. I'm going to continue to move things around and will post updates for input.
+1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it. that issue doesnt need to be taken into consideration by the person making the voting system. it needs to be taken in to consideration by the person creating the ballots.
As someone with millions of NXT, I disagree. I think mathematical equations hold the answer to equality. |
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mr_random
Legendary
Offline
Activity: 1274
Merit: 1001
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January 20, 2014, 08:08:18 PM |
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The trading volume of NXT on bter.com is looking very healthy indeed.
When you add up the BTC and CNY pairs, the total volume of NXT traded on BTER exceeds dgex.com by 50%.
The future is bright gentlemen.
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newsilike
Sr. Member
Offline
Activity: 630
Merit: 262
This account was hacked. just recently got it back
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January 20, 2014, 08:08:32 PM |
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Either voting will be truly revolutionizing or it will be a serious threat to Nxt.
Would it be a good to reward the coinage regarding to the voting weight?
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S3MKi
Legendary
Offline
Activity: 1540
Merit: 1016
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January 20, 2014, 08:09:38 PM |
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What is current block guys?
46067 thanks a lot. |
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Anon136
Legendary
Offline
Activity: 1722
Merit: 1217
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January 20, 2014, 08:11:28 PM |
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This voting math is implemented and 2 people just bought 10.000.000 NXT each.
One of them is keeping all NXT in his one account. Voting power: 100
The other on makes 100 accounts with 100.000 NXT each. Voting Power: 4641
Basically he payed 100 NXT fees, to increase his voting power by 4741%
Does that really sound fair? I think not.
I will try to find a way around this . I just wanted start the process of developing a mathematical formula for voting. I'm going to continue to move things around and will post updates for input.
+1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it. that issue doesnt need to be taken into consideration by the person making the voting system. it needs to be taken in to consideration by the person creating the ballots.
As someone with millions of NXT, I disagree. I think mathematical equations hold the answer to equality. As previously stated, if you try to put limits on how much stake someone can use to vote than a whale will simply break his stake up into multiple accounts. If you try to say that you get 1 vote per account than fraudsters will make a zillion accounts with one nxt each. I think your judgment may be clouded by what you would like to be the case. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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NxtChg
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January 20, 2014, 08:12:07 PM |
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+1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it. that issue doesnt need to be taken into consideration by the person making the voting system. it needs to be taken in to consideration by the person creating the ballots.
Why so pessimistic? What if we add some sort of captcha that will make sure one person can't vote a ridiculous number of times? With growing user base it will make less and less sense to try and rig just a few more votes. |
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