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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761529 times)
allwelder
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January 21, 2014, 03:23:59 AM
 #21661

just sent 0.06BTC to poloneix.com
will report here to keep people updated with my experience
at a glance it looks like poloneix is going to be a dgex killer

Bter is the DGEX killer. Wink

i have heard that bter has very restrictive withdrawal limits
100~100000 NXT per day.

 
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wakasaki808
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January 21, 2014, 03:25:14 AM
 #21662

just sent 0.06BTC to poloneix.com
will report here to keep people updated with my experience
at a glance it looks like poloneix is going to be a dgex killer

Bter is the DGEX killer. Wink

i have heard that bter has very restrictive withdrawal limits
100~100000 NXT per day.

yeah bter I believe changes the amount possible to withdrawal based on volume. I remember DOGE having the same problem early on as well.
coolmist
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January 21, 2014, 03:27:10 AM
 #21663

Let's do it. Too much talk already. We should try different approaches and see which one is best, imho. But obviously nothing will satisfy all people. So let's go with something workable for the majority.

What I have so far for the learning algorithm.

Code:
$optionOne = $_POST['option1']
$optionTwo= $_POST['option2']

$TotalIssuesVotedOn = file_get_contents("MasterVoteCount.txt");

$DataOne = unserialize(file_get_contents($optionOne . ".txt"));
$VotesOne = array_sum($DataOne['weight']) ;

$DataTwo = unserialize(file_get_contents($optionTwo . ".txt"));
$VotesTwo = array_sum($DataTwo['weight'])

if($VotesTwo < $VotesOne)
{
  
echo "Option One Wins";

$split = 1 - $VotesOne / ($VotesTwo + $VotesOne);
$BankA = $DataOne['account'];
$newData = serialize($BankA);
  
file_put_contents("BankA" . $TotalIssuesVotedOn . ".txt", $newData);
}
  
   else
{
   $split = 1 - $VotesTwo / ($VotesTwo + $VotesOne);
   echo "Option Two Wins";
  
     $BankA = $DataTwo['account'];
    
    $newData = serialize($BankA);
    
file_put_contents("BankA" . $TotalIssuesVotedOn . ".txt", $newData);
}

$splitfilename = "Issue" . "$TotalIssuesVotedOn" . "/split.txt";

file_put_contents($splitfilename, $split);
file_put_contents("MasterVoteCount.txt", $TotalIssuesVotedOn);

if($TotalIssuesVotedOn < 4)
{
echo "completed";
}
else
{
$var_a = $TotalIssuesVotedOn - 1
$var_b = $TotalIssuesVotedOn - 2
$var_c = $TotalIssuesVotedOn - 3

$splitA = file_get_contents("Issue" . "$TotalIssuesVotedOn" . "/split.txt");
$splitB = file_get_contents("Issue" . "$var_a" . "/split.txt");
$splitC = file_get_contents("Issue" . "$var_b" . "/split.txt");
$splitD = file_get_contents("Issue" . "$var_c" . "/split.txt");

$Bank1 = file_get_contents("BankA" . $TotalIssuesVotedOn . ".txt");
$Bank2 = file_get_contents("BankA" . $var_a . ".txt");
$Bank3 = file_get_contents("BankA" . $var_b . ".txt");
$Bank4 = file_get_contents("BankA" . $var_c . ".txt");

$AllBanks = array(  $Bank1,
                   $Bank2,
                   $Bank3,
                   $Bank4
                 );

$SimilarAccounts = call_user_func_array('array_intersect',$AllBanks);

$var_d = array_sum($SimilarAccounts);

$similarityAdded = .1 / ($splitA * $splitB * $splitC * $splitD);
 

$var_e = 0;
while ($var_e < ($var_d - 1))
   {
  $similarityModifier = file_get_contents($SimilarAccounts[$var_e] . "/similarity.txt");
  
   $similarityModifier = $similarityModifier + $similarityAdded;
  
   file_put_contents($SimilarAccounts[$var_e] . "/similarity.txt", $similarityModifier);
  
   $var_e = $var_e + 1;
   }
}
$TotalIssuesVotedOn = $TotalIssuesVotedOn + 1;

And for the addition of votes...

Code:
$accountNumber = $_POST['account']
$option = $_POST['option']

$TotalIssuesVotedOn = file_get_contents("MasterVoteCount.txt");
$similarityModifier = file_get_contents($accountNumber . "/similarity.txt");
$accountBalance = file_get_contents($accountNumber . "/balance.txt");
$accountAge = file_get_contents($accountNumber . "/age.txt");


$nxtAge = something goes here;

<!-- Times voted is retrieved and updated ---!>
$filename = "$accountNumber" . "/timesvoted.txt";
if (file_exists($filename))
{

    $oldData = file_get_contents($filename);
    $newData = $oldData + 1;
    file_put_contents($filename, $newData);
    
}
else
{
    $newData = 1;
    file_put_contents($filename, $newData);
}
<!-- Times voted is retrieved and updated ---!>

$TimesVoted = file_get_contents("$accountNumber" . "/timesvoted.txt");
$TotalIssuesVotedOn = file_get_contents("MasterVoteCount.txt");

<!-- Account is added to vote ---!>
$votes = '';
$filename = $TotalIssuesVotedOn . "/" . $option . "votes.txt";
if (file_exists($filename))
{

    $oldData = unserialize(file_get_contents($filename));
    $oldData = array();
    $oldData['account'] = $accountNumber;
    $oldData['weight'] = ( 1 / ( $similarityModifier + 1 ) ) ^ (5/4) * ( $accountAge ) ^ 2 ( $accountBalance ) ^ (1/3)
    $newData = serialize($oldData);
    file_put_contents($filename, $newData);
    
}
else
{
$oldData = array();
    $oldData['account'] = $accountNumber;
    $oldData['weight'] = ( 1 / ( $similarityModifier + 1 ) ) ^ (5/4) * ( $accountAge ) ^ 2 ( $accountBalance ) ^ (1/3)
    $newData = serialize($oldData);
    file_put_contents($filename, $newData);
}
<!-- Account is added to vote ---!>
Anon136
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January 21, 2014, 03:28:42 AM
 #21664

just sent 0.06BTC to poloneix.com
will report here to keep people updated with my experience
at a glance it looks like poloneix is going to be a dgex killer

Bter is the DGEX killer. Wink

i have heard that bter has very restrictive withdrawal limits
100~100000 NXT per day.

yeah bter I believe changes the amount possible to withdrawal based on volume. I remember DOGE having the same problem early on as well.

Higher volume higher withdrawal or higher volume lower withdrawal? Also what is the idea behind this. What is it intended to accomplish?

*edit* it would make a lot of sense if they were doing fractional reserve. lets hope thats not why Cheesy

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If 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?
relm9
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January 21, 2014, 03:28:57 AM
 #21665

Bter started off with a 200 NXT withdrawl limit but it's up to  200000 a day now.
iruu
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January 21, 2014, 03:30:34 AM
 #21666

Yes, my approach lessens the voting weight of accounts that share similar voting patters. I posted a walkthrough of the methodology a while ago but I guess it flew over people's heads.

votingweight = ( 1 / similarity ) ^ (4/3) * (accountbalance)^(1/3) * (accountage)^2 (timesvoted)^(3/2)


or something along these lines. "similarity" increases as accounts make the same voting choices as other accounts.

timesvoted= amount of times that account number has voted

timesvoted prevents people from creating additional accounts to circumvent the similarity variable


Similarity is very easily defeated by voting randomly on issues which doesn't concern the real voter.

coolmist
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January 21, 2014, 03:37:19 AM
 #21667

Yes, my approach lessens the voting weight of accounts that share similar voting patters. I posted a walkthrough of the methodology a while ago but I guess it flew over people's heads.

votingweight = ( 1 / similarity ) ^ (4/3) * (accountbalance)^(1/3) * (accountage)^2 (timesvoted)^(3/2)


or something along these lines. "similarity" increases as accounts make the same voting choices as other accounts.

timesvoted= amount of times that account number has voted

timesvoted prevents people from creating additional accounts to circumvent the similarity variable


Similarity is very easily defeated by voting randomly on issues which doesn't concern the real voter.

You're welcome to try and solve this enigma with me  Smiley.

Realistically, it would be such a phenomenal pain in the ass to game the system that I doubt anyone would try.
jl777
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January 21, 2014, 03:42:38 AM
 #21668

bter current withdrawal limit is 200000 NXT per day

There is a pretty steady 5% to 10% premium on bter vs dgex, currently .000113 vs .0001, people clearly don't like withdrawal fees.

bter volume (NXT/BTC + NXT/CNY) is bigger than all other exchanges combined

Any sane exchange would add NXT as soon as possible to get a piece of this trading volume. NXT is #4 by 24 hr trading volume:

BTC: $21 million
DOGE: $14 million
LTC: $5.6 million
NXT: $2.4 million (bter CNY+BTC and dgex)
peercoin and namecoin <$ 1 million

It is possible peercoin or namecoin might total more from all the different exchanges they are on. No sure how coinmarketcap.com adds up total volume. Still $2.4 million per day is a good amount of distribution. Most of the sales seem to be in <10,000 NXT lots so this means a lot of new NXT'ers were created today. Most probably don't even have a client running yet.

Very big developments. Of the top 10 market cap coins, only NXT and DOGE were gainers today and both by very big amounts. The two weeks after source release might have been the last chance to get NXT at super low prices.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
dzarmush
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January 21, 2014, 03:45:59 AM
 #21669

I think all the action going on over at BTER is going to make some other exchanges take a serious look at NXT.

Considering that Cryptsy and Victurex are testing Nxt for quite a while it should be traded on both exchanges pretty soon.

source?

https://bitcointalk.org/index.php?topic=345619.msg4580790#msg4580790

Also someone quoted their e-mail:
We are setting up a prototype to validate the feasibility. As this is a new coin with a new API, this might take some time, a listing is not confirmed, we are evaluating it.
---------------------
Best regards
Your Vircurex Team
---------------------
Become a Vircurex Shareholder, https://cryptostocks.com/securities/34


UPD: Can't find anything about Cryptsy, but I see nothing to prevent them from trading Nxt since it's on Bter already and will probably go to Vircurex soon.

utopianfuture
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January 21, 2014, 03:48:46 AM
 #21670

Yes, my approach lessens the voting weight of accounts that share similar voting patters. I posted a walkthrough of the methodology a while ago but I guess it flew over people's heads.

votingweight = ( 1 / similarity ) ^ (4/3) * (accountbalance)^(1/3) * (accountage)^2 (timesvoted)^(3/2)


or something along these lines. "similarity" increases as accounts make the same voting choices as other accounts.

timesvoted= amount of times that account number has voted

timesvoted prevents people from creating additional accounts to circumvent the similarity variable


Similarity is very easily defeated by voting randomly on issues which doesn't concern the real voter.

You're welcome to try and solve this enigma with me  Smiley.

Realistically, it would be such a phenomenal pain in the ass to game the system that I doubt anyone would try.

Real world voting system is also far from perfect. So let's be constructive and test the system and improve it gradually.

We did many polls before such as rewards, logo etc., which can be subject to multiple type of manipulation. But then no one had any complaint about the result and we can move on to other things.

Here is one of the poll I did earlier https://bitcointalk.org/index.php?topic=423241.0 and the result looks pretty legit to me. You are welcome to vote there or manipulate it if you like. It should be clear that the poll is not authoritative but we can still use it as an anchor to move forward if no one has a strong objections.

If we want to get things done, we should do things pragmatically. I would like to see coolmist's system being tested in a complete form to see how it differs to simple poll results.  

  


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  TomoChain  •    •  TomoChain 
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iruu
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January 21, 2014, 03:49:42 AM
 #21671

You're welcome to try and solve this enigma with me  Smiley.

Realistically, it would be such a phenomenal pain in the ass to game the system that I doubt anyone would try.
Why would it be a pain? Just run a script somewhere which votes randomly shortly before deadline on everything.
The controller just disables it in rare cases he wants to vote on something.    

No other solution than vote per nxt can exist.  

msin
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January 21, 2014, 03:50:46 AM
 #21672

bter current withdrawal limit is 200000 NXT per day

There is a pretty steady 5% to 10% premium on bter vs dgex, currently .000113 vs .0001, people clearly don't like withdrawal fees.

bter volume (NXT/BTC + NXT/CNY) is bigger than all other exchanges combined

Any sane exchange would add NXT as soon as possible to get a piece of this trading volume. NXT is #4 by 24 hr trading volume:

BTC: $21 million
DOGE: $14 million
LTC: $5.6 million
NXT: $2.4 million (bter CNY+BTC and dgex)
peercoin and namecoin <$ 1 million

It is possible peercoin or namecoin might total more from all the different exchanges they are on. No sure how coinmarketcap.com adds up total volume. Still $2.4 million per day is a good amount of distribution. Most of the sales seem to be in <10,000 NXT lots so this means a lot of new NXT'ers were created today. Most probably don't even have a client running yet.

Very big developments. Of the top 10 market cap coins, only NXT and DOGE were gainers today and both by very big amounts. The two weeks after source release might have been the last chance to get NXT at super low prices.

James

Does anyone else love the fact that Doge is trading $14mil a day?  At least it shows the crypto community has a sense of humor.  That is going be one massive crash and burn.  
BCFrex
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January 21, 2014, 03:53:52 AM
 #21673



somebody is buying all shares at bter !!!
Anon136
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January 21, 2014, 03:58:17 AM
 #21674

Hey guys i have Adam Levine's nxt account number Grin. This guy is about as big as they come in the crypto-currency world. you should all send him some donations imo. 2976219914929693803

too bad klee isn't on. i bet his donation would be epic.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If 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?
dzarmush
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January 21, 2014, 03:59:14 AM
 #21675

bter current withdrawal limit is 200000 NXT per day

There is a pretty steady 5% to 10% premium on bter vs dgex, currently .000113 vs .0001, people clearly don't like withdrawal fees.

bter volume (NXT/BTC + NXT/CNY) is bigger than all other exchanges combined

Any sane exchange would add NXT as soon as possible to get a piece of this trading volume. NXT is #4 by 24 hr trading volume:

BTC: $21 million
DOGE: $14 million
LTC: $5.6 million
NXT: $2.4 million (bter CNY+BTC and dgex)
peercoin and namecoin <$ 1 million

It is possible peercoin or namecoin might total more from all the different exchanges they are on. No sure how coinmarketcap.com adds up total volume. Still $2.4 million per day is a good amount of distribution. Most of the sales seem to be in <10,000 NXT lots so this means a lot of new NXT'ers were created today. Most probably don't even have a client running yet.

Very big developments. Of the top 10 market cap coins, only NXT and DOGE were gainers today and both by very big amounts. The two weeks after source release might have been the last chance to get NXT at super low prices.

James

Does anyone else love the fact that Doge is trading $14mil a day?  At least it shows the crypto community has a sense of humor.  That is going be one massive crash and burn.  

I like Doge, I even bought 16K just to be part of it. For me Nxt haters and Doge haters are the same lousy trolls. Nxt offers lots of innovations, Doge offers lots of fun. How somebody can not like Doge  Smiley I also see no reason for crush. At least not more then for Ltc and other forks.

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January 21, 2014, 03:59:35 AM
 #21676

Does anyone else love the fact that Doge is trading $14mil a day?  At least it shows the crypto community has a sense of humor.  That is going be one massive crash and burn.  

maybe not - it has the potential to replace litecoin.  Should have got a few million when they first came out, instead i got 7.8M worthless ADT....ugh
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January 21, 2014, 03:59:52 AM
 #21677

somebody is buying all shares at bter !!!


Btc : 12LMdyWoyjJ1BZxfWmaZMWjTXn7S9y5EdK
utopianfuture
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January 21, 2014, 04:01:47 AM
 #21678

Hey guys i have Adam Levine's nxt account number Grin. This guy is about as big as they come in the crypto-currency world. you should all send him some donations imo. 2976219914929693803

too bad klee isn't on. i bet his donation would be epic.

How do we know that is him ?


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  TomoChain  •    •  TomoChain 
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BitcoinForumator
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January 21, 2014, 04:02:17 AM
 #21679

Hey guys i have Adam Levine's nxt account number Grin. This guy is about as big as they come in the crypto-currency world. you should all send him some donations imo. 2976219914929693803

too bad klee isn't on. i bet his donation would be epic.

So awesome I've been waiting for something like this! The good news just keep on coming!
msin
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January 21, 2014, 04:02:59 AM
 #21680

Does anyone else love the fact that Doge is trading $14mil a day?  At least it shows the crypto community has a sense of humor.  That is going be one massive crash and burn.  

maybe not - it has the potential to replace litecoin.  Should have got a few million when they first came out, instead i got 7.8M worthless ADT....ugh

That would be awesome, wish I bought some too, but oh well.
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