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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755812 times)
smartwart
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February 04, 2014, 12:57:57 PM
 #28941

I still hope Nxt will have pool forging implemented at some point. come from beyond tweeted about it some time ago.
so everyone gets the same interest % (although very low). that would make it even fair-er.



Its just a concept now, but if NXT distribution will be better it could be a feature.
The concept is about leasing forging power to a Pool (Forging Hub) without sending money to another account.

more details:
https://bitcointalk.org/index.php?topic=345619.msg4410102#msg4410102

I think that quoted text is very important.

Todays forging is like mining Bitcoins with GPU or altcoins solo mining.

In case I could tell somebody: Nxt is great, you can forge instead of mining and it is so good and future. He will believe me and buy 10.000 NXT. In case he will actually forge every week NXT, he will be so happy and tell it to his friends etc.. This situation will not happend until pooled forging without sending money to the pool will work.

In case price will go up, newcomers will not have enough money to buy even 10k or 1k NXT for forging.

We must have solid answers for these kind of questions, people on the other crypto are not stupid.



absolutely!!!
I think emule should add it to his list  Wink


but seriously, the devs know about this feature and its possible in general.
After all the main features are implemented and tested it will be realized by it self if there is an demand.
This is a nice effect of open source platform !!!




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February 04, 2014, 12:59:17 PM
 #28942

...

well could you do what i said and also have it so every account forging must be providing bandwith? if thats even possible?

That would at least not be trivial to do. You could call it proof of bandwidth and create a new altcoin.
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February 04, 2014, 12:59:37 PM
 #28943

show me your power!

I have not the chance others are selling before me, cant keep up

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February 04, 2014, 12:59:46 PM
 #28944


I had 2 accounts 50M,

Have stilll 1 account left with 50M and the other sold half way Cheesy

Wow! Such money!  And, still, you are keeping so many people waiting for your gloriuos dump? That's not very polite...   Smiley

I was polite for months could kill this coin in matter of days
Pls dump!



In one of his early posts Emule said that he was willing to put 7 figures of investment into NXT.

So let's say he bought high - now he's bashing the investment and trying to lower the value...

Nice story bro.


well, not quite impossible, iff he is a multimillionaire. We do know that such wealthy people waste their time to search something to satisfy them ... but without luck, causing many desperate attempts.

http://www.youtube.com/watch?v=qAzqSYQ9X9U


NXT, NEM.   NCMXTP-5JWUF3-QYHADC-YWELC5-QPUWF3-EAVFQM-MU7R
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February 04, 2014, 01:02:21 PM
 #28945


I had 2 accounts 50M,

Have stilll 1 account left with 50M and the other sold half way Cheesy

Wow! Such money!  And, still, you are keeping so many people waiting for your gloriuos dump? That's not very polite...   Smiley

I was polite for months could kill this coin in matter of days
Pls dump!



In one of his early posts Emule said that he was willing to put 7 figures of investment into NXT.

So let's say he bought high - now he's bashing the investment and trying to lower the value...

Nice story bro.


well, not quite impossible, iff he is a multimillionaire. We do know that such wealthy people waste their time to search something to satisfy them ... but without luck, causing many desperate attempts.

http://www.youtube.com/watch?v=qAzqSYQ9X9U



Emule - easy, prove that you have >50M by sending 1NXT to my NXT address in the signature (or to some other chosen address, but make it public first)
Emule
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February 04, 2014, 01:06:32 PM
 #28946


I had 2 accounts 50M,

Have stilll 1 account left with 50M and the other sold half way Cheesy

Wow! Such money!  And, still, you are keeping so many people waiting for your gloriuos dump? That's not very polite...   Smiley

I was polite for months could kill this coin in matter of days
Pls dump!



In one of his early posts Emule said that he was willing to put 7 figures of investment into NXT.

So let's say he bought high - now he's bashing the investment and trying to lower the value...

Nice story bro.


well, not quite impossible, iff he is a multimillionaire. We do know that such wealthy people waste their time to search something to satisfy them ... but without luck, causing many desperate attempts.

http://www.youtube.com/watch?v=qAzqSYQ9X9U



Emule - easy, prove that you have >50M by sending 1NXT to my NXT address in the signature (or to some other chosen address, but make it public first)

Oh don't waste your time on me, I am just a little player. Follow the accounts of your Messiah. and follow the accounts of the un claimed coins... Shocked


then you also will know why he want to erase traces to accounts Grin
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February 04, 2014, 01:06:39 PM
 #28947


Emule - easy, prove that you have >50M by sending 1NXT to my NXT address in the signature (or to some other chosen address, but make it public first)

you have 10 minutes....if you can prove it then we will believe you it's simple.

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February 04, 2014, 01:08:23 PM
 #28948


Emule - easy, prove that you have >50M by sending 1NXT to my NXT address in the signature (or to some other chosen address, but make it public first)

you have 10 minutes....if you can prove it then we will believe you it's simple.

+1

NXT - NEM - NAS - NFD
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February 04, 2014, 01:10:14 PM
 #28949

Why my NRS client on RaspberryPi is not synced? i think i'm late of about 10 mins
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February 04, 2014, 01:15:09 PM
 #28950

Emule: why all this talk and no proof?
If you truly had 100m NXT in the beginning then pledging even 10% of that would make NXT a reality even if CfB and BCNext had been scamartists, which in return would've made you a hypermillionaire, but instead you have supposedly sold 50 million for almost nothing compared ? And now, before selling the remainder you want to make people aware of it?

Makes zero sense, because it's a lie.
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February 04, 2014, 01:15:31 PM
 #28951

...

well could you do what i said and also have it so every account forging must be providing bandwith? if thats even possible?

That would at least not be trivial to do. You could call it proof of bandwidth and create a new altcoin.

im not talking about making a new coin... im talking about increasing distribution and the number of ppl forging? will it not be a problem if say 100 percent of ppl use nxt.. but only 1 percent forge... i dont see how that could work? would you not need alot more then 1 percent forging to handle that amount of tx's?

You don't see how it can work because you're probably assuming that everyone thinks like you.
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February 04, 2014, 01:20:03 PM
 #28952

bter @7400
dgex @7830
vircurex @7800
achimsmile
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February 04, 2014, 01:22:35 PM
 #28953

Guys & Gals,

Can we do each other a favor and ignore Emule, as a community act?  Wink

He adds nothing of value to the discussion and distracts many of us.

If you are with me on this, hit the [Ignore] button, it's there to be used!
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February 04, 2014, 01:22:51 PM
 #28954

Then, in a couple of months, when zerocash comes out, you're gonna come back and ask him to scratch all that and replace it with a distributed Merkle tree and a completely different ZK-proof system, based on SHA256 code, translated by a specially modified GCC compiler into code for a custom VM (which also needs to be implemented in our system, by the way).

Is that a guess or a fact? If it is a fact, please give me the links to the corresponding papers/tweets/reddit posts.

Nothing Else Matters
NEM: NALICE-LGU3IV-Y4DPJK-HYLSSV-YFFWYS-5QPLYE-ZDJJ
NXT: 11095639652683007953
google98
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February 04, 2014, 01:24:36 PM
 #28955

Guys & Gals,

Can we do each other a favor and ignore Emule, as a community act?  Wink

He adds nothing of value to the discussion and distracts many of us.

If you are with me on this, hit the [Ignore] button, it's there to be used!

done Smiley

bitcoinpaul
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February 04, 2014, 01:27:13 PM
 #28956

Guys & Gals,

Can we do each other a favor and ignore Emule, as a community act?  Wink

He adds nothing of value to the discussion and distracts many of us.

If you are with me on this, hit the [Ignore] button, it's there to be used!

Let's vote Grin
ZeroTheGreat
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February 04, 2014, 01:27:33 PM
 #28957

Correctly spelled words (no capitalization or misspelling) are much easier to rememberr and they are stronger password (as long as the words were chosen randomly)
Nope, not stronger. Dicitionary-attack greatly reduces strength of such password. Any chosed passphrase'd ge good enough protected both from pure bruteforce AND from social engineering.
NxtChg
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February 04, 2014, 01:28:39 PM
 #28958

Is that a guess or a fact? If it is a fact, please give me the links to the corresponding papers/tweets/reddit posts.

http://www.youtube.com/watch?v=Uh6erfE9HYE

Second part of the video explains Zerocash. Matthew Green said they will release it in May (I think it's in the video, if not, I will try and find a prooflink for it).

Here's the SNARK paper:

http://eprint.iacr.org/2013/507

And this is my effort to organize info about it: http://wiki.nxtcrypto.org/wiki/NxtCash

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
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About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
Come-from-Beyond
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February 04, 2014, 01:39:58 PM
 #28959

Did the NXT course fall due to that dump ... to 0.00006 BTC or lower  ?
I've inactively followed the course, but lately it has been 0.00007x .. 0.00008x

Price became higher after his dump. He catched the lowest price perfectly.
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February 04, 2014, 01:40:10 PM
 #28960

how many ppl would need to be forging if nxt got as big as visa/mastercard in order to process tx at the necessary rate??

Due to Transparent Forging, you could theoretically have only one dude forging by himself and keep the network running.

That one guy just would have to have enough bandwidth available to receive all the transactions, which should be doable with a standard home broadband line.

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