NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

what the heck is a lak

It's a PoW-coin, based on Nxt AM. This coin is protected against 51% attacks by Nxt PoS algo.

do you have the ann thread?

This is a prototype of the ann thread - https://bitcointalk.org/index.php?topic=415580.new#new

[1714221718]

1714221718

[1714221718]

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[Coinonaer]

So I get LAK if people klick on my Blog?

No. Longer people stay on ur blog, more coins u get.

Thanks. Interesting. 

[allwelder]

Sorry for bombing you with questions. Is the amount of LAK you received somehow bounded to the amount of Nxt you have in your Account?
So for example, can you mine more LAK if you have 100k in your Nxt Account instead of just having 20 Nxt in it?

Thank you Sir.

No. U mine more LAK if u have more visitors on ur site. Yes, it's Google AdSense killer, people prefer to generate coins instead of watching ads.

need to define the related web links?

[Come-from-Beyond]

need to define the related web links?

What do u mean?

[allwelder]

So I get LAK if people klick on my Blog?

No. Longer people stay on ur blog, more coins u get.

That is say,porn.com will earn much LAK coins !

[newsilike]

what the heck is a lak

It's a PoW-coin, based on Nxt AM. This coin is protected against 51% attacks by Nxt PoS algo.

Btw.

You mentioned that PoS is not going to stay with Nxt forever.

What is coming after the Proof of Stake?

Proof of bandwidth?
And "Proof of processing-power which is actually used to secure the network, not to brute-force some stupid hashes"
This would be kinda elegant.

Actually the Proof of X list is just as great as your imagination. (And probably technical possibilities at this point in time )

[allwelder]

need to define the related web links?

What do u mean?

I mean if I have many website ,so which one is for generating LAK?

[abuelau]

what the heck is a lak

It's a PoW-coin, based on Nxt AM. This coin is protected against 51% attacks by Nxt PoS algo.

do you have the ann thread?

This is a prototype of the ann thread - https://bitcointalk.org/index.php?topic=415580.new#new

This is an amazing idea! I wanted to do this with BTC but it was not practical. But with NXT (er LAK) it is! Very cool.

Can you start a thread in English?

[opticalcarrier]

Some interesting news on the decentralised exchange front!

https://forums.nxtcrypto.org/viewtopic.php?&f=2&t=649&p=3057

[Come-from-Beyond]

That is say,porn.com will earn much LAK coins ?

Aye.

[Come-from-Beyond]

You mentioned that PoS is not going to stay with Nxt forever.

What is coming after the Proof of Stake?

I dunno. BCNext once said that at final stage Transparent Forging would become so transparent that we wouldn't even need it.

[Come-from-Beyond]

I mean if I have many website ,so which one is for generating LAK?

All of them.

[joefox]

The person gets money for smashing (part of?) the code and seeking out every little pimple he/she finds on his/her way.

Where is the problem?

Well, if you really can't see what's wrong with it, then I can't do anything about it.

It's between you and your ethics.

I spend my days working in post-secondary education.  Paying for research is very common.  it happens every day.  We're asking an academic to review algorithms.

YES, the person who does the review should disclose the source of funding.  But "peer review" and "research" are not the same thing and I think you're a little confused.  Or maybe you feed your family with air and sunshine?

[Come-from-Beyond]

Can you start a thread in English?

I will if the prototype works as intended.

[Coinonaer]

That is say,porn.com will earn much LAK coins ?

Aye.

Thank you. But how does the LAK-Client know which is mine website? Do I have to bring somehow a link or other thing at my website?

[abuelau]

Can you start a thread in English?

I will if the prototype works as intended.

How can I participate in the testing?

[Mistafreeze]

The person gets money for smashing (part of?) the code and seeking out every little pimple he/she finds on his/her way.

Where is the problem?

Well, if you really can't see what's wrong with it, then I can't do anything about it.

It's between you and your ethics.

There isn't anything unethical about paying someone to review the security of an algorithm and implementation of it. We're not looking to pay for an endorsement review, we're looking for something more along the lines of a security audit.

[Come-from-Beyond]

Thank you. But how does the LAK-Client know which is mine website? Do I have to bring somehow a link or other thing at my website?

U r supposed to embed JS into ur page.

[Come-from-Beyond]

How can I participate in the testing?

I'll post here a link when ready.

[NxtChg]

No. U mine more LAK if u have more visitors on ur site. Yes, it's Google AdSense killer, people prefer to generate coins instead of watching ads.

Now that's actually a pretty interesting idea.