NXT :: descendant of Bitcoin - Updated Information

[opticalcarrier]

Nice analysis.


Have ppl thought that many are *trying* to run the client like me with no results?

Mine for example is not updating the blocks and my wallet still shows zero when in the block explorer is ok.

I don't have ports closed and I have downloaded the blocks. I would reeeally like to help and run the client.

I say it again as I am a java developer. Its the first time I have seen so many bugs and a release so unprofessional. BCnext should get more people developing or hire or whatever. clever idea not enough implementation.

uh.  you might want to close those ports, and just keep 7874 open.

[1714497004]

1714497004

[Come-from-Beyond]

Why i got 1 incoming transaction (200coin) confirmed 1800 times and 0.00 balance?

This is the old balance visualization bug. Relaunch client or redownload the blockchain.

[utopianfuture]

eMunie promise of keeping its value stable is not credible because they don't have the ability and means to do do. Since when people selling eMu en mass, they have to have a huge reserve of dollar to back the money up otherwise its price against dollar will have to fall. They won't be able to do that.

When people decide to sell eMunie on mass all creation of new coins stops right away. Also the foundation will be backed up by several million dollars to do some initial regulation to stabilize the price in the first weeks.

It has to be understood that in any market price has always been acting as a necessary signal to guide the behavior of the market participants. For example: with bitcoin market if you are holding 100 bitcoin, when the price of bitcoin raising you would be inclined to sell them to more willing buyer, but when the price falls by half, you may decide to keep them all since you evaluate that the potential of the bitcoin is higher than the bitcoin's price right now. All bitcoin market participants follow the same process using the current price as signal as if they are many ships and liners following the lighthouse to reach the shore  The true price is discovered organically.
Now you don't have the price signal here so the price of eMunie is artificially kept up. This is going to be a mess

Of course you have the price signal. The fiat/emunie exchange is buildin into the system, and the system can react accordingly to stabilize the price while keeping up with demand.

Well, let's how it going to turn out. I am not going to comment more since it is a NXT thread. I am going to buy a bit of eMu to be able to witness the unfolding first hand. All I am saying is that you are not going to be able to keep the value of the money stable. That's an empty promise. It is good to experiment though since it does not cost that much to fix the software later on.

[Forobitcoins]

Nice analysis.


Have ppl thought that many are *trying* to run the client like me with no results?

Mine for example is not updating the blocks and my wallet still shows zero when in the block explorer is ok.

I don't have ports closed and I have downloaded the blocks. I would reeeally like to help and run the client.

I say it again as I am a java developer. Its the first time I have seen so many bugs and a release so unprofessional. BCnext should get more people developing or hire or whatever. clever idea not enough implementation.

uh.  you might want to close those ports, and just keep 7874 open.

I have the same problem, which ports to close

[mr_random]

eMunie promise of keeping its value stable is not credible because they don't have the ability and means to do do. Since when people selling eMu en mass, they have to have a huge reserve of dollar to back the money up otherwise its price against dollar will have to fall. They won't be able to do that.

When people decide to sell eMunie on mass all creation of new coins stops right away. Also the foundation will be backed up by several million dollars to do some initial regulation to stabilize the price in the first weeks.

It has to be understood that in any market price has always been acting as a necessary signal to guide the behavior of the market participants. For example: with bitcoin market if you are holding 100 bitcoin, when the price of bitcoin raising you would be inclined to sell them to more willing buyer, but when the price falls by half, you may decide to keep them all since you evaluate that the potential of the bitcoin is higher than the bitcoin's price right now. All bitcoin market participants follow the same process using the current price as signal as if they are many ships and liners following the lighthouse to reach the shore  The true price is discovered organically.
Now you don't have the price signal here so the price of eMunie is artificially kept up. This is going to be a mess

Of course you have the price signal. The fiat/emunie exchange is buildin into the system, and the system can react accordingly to stabilize the price while keeping up with demand.

Well, let's how it going to turn out. I am not going to comment more since it is a NXT thread. I am going to buy a bit of eMu to be able to witness the unfolding first hand. All I am saying is that you are not going to be able to keep the value of the money stable. That's an empty promise. It is good to experiment though since it does not cost that much to fix the software later on.

Yah the currency swings in crypto are too wild to control. emunie has cool parts to it but some of it is a dud. the devs should keep the cool bits and scrap the stuff like trying to keep the value of the money stable... that is just going to confuse the common person and look scammy. And I don't think it's going to work. Either the price will crash or the price will soar.

[pandaisftw]

No, that's not it. I can start from genesis block or the files included with latest release, will still run into this problem when/if it "catches up..." the second time after the initial block download.

Try https://dl.dropboxusercontent.com/u/67242472/peers.nxt, it contains marked peers.

That seems to have fixed it. I will leave it running for now and report back if it happens again.

[Come-from-Beyond]

Number of zombie nodes is becoming higher. We could use good old CAPTCHA for non-marked nodes, what do u think, guys?

[windjc]

Nice analysis.


Have ppl thought that many are *trying* to run the client like me with no results?

Mine for example is not updating the blocks and my wallet still shows zero when in the block explorer is ok.

I don't have ports closed and I have downloaded the blocks. I would reeeally like to help and run the client.

I say it again as I am a java developer. Its the first time I have seen so many bugs and a release so unprofessional. BCnext should get more people developing or hire or whatever. clever idea not enough implementation.

This. I spent literally 8 hours trying to get the client to run. It doesn't. It's a complete and utter mess.  Fix the client and people will use it.

[timmyd]

Number of zombie nodes is becoming higher. We could use good old CAPTCHA for non-marked nodes, what do u think, guys?

Sounds like a good plan

[Come-from-Beyond]

Number of zombie nodes is becoming higher. We could use good old CAPTCHA for non-marked nodes, what do u think, guys?

Sounds like a good plan

Not really, if u connect to 30 nodes u have to solve 30 captchas.

[timmyd]

Number of zombie nodes is becoming higher. We could use good old CAPTCHA for non-marked nodes, what do u think, guys?

Sounds like a good plan

Not really, if u connect to 30 nodes u have to solve 30 captchas.

Why suggest it then?

[klee]

Number of zombie nodes is becoming higher. We could use good old CAPTCHA for non-marked nodes, what do u think, guys?

Sounds like a good plan

Not really, if u connect to 30 nodes u have to solve 30 captchas.

Why suggest it then?

Because a solution is badly needed?

[Come-from-Beyond]

Why suggest it then?

To get better ideas.

[starik69]

How other PoS cryptos like NVC are dealing with zombies?

[lophie]

How other PoS cryptos like NVC are dealing with zombies?

Shoot them in the head.

[timmyd]

How other PoS cryptos like NVC are dealing with zombies?

Shoot them in the head.

remember to double tap

[grizmoblust]

Why suggest it then?

To get better ideas.

Here's a better idea..

Implement a script that user has to type out the script, and it will produce the number, then you put that number into the captcha, and it should approved. It's the same concept as Arch Linux forums. Scroll down to bottom page.https://bbs.archlinux.org/register.php

[opticalcarrier]

maybe instead of CAPTCHA you could sort of automate the hallmark generation?  Maybe a popup where dynamic IP users can input in their IP address?  then auto build the hallmark and then have some soft restart in the running process?

[Come-from-Beyond]

maybe instead of CAPTCHA you could sort of automate the hallmark generation?  Maybe a popup where dynamic IP users can input in their IP address?  then auto build the hallmark and then have some soft restart in the running process?

Ordinary users don't understand that this can help to identify them. Dynamic IP usually means that a node is running on a local computer from home. BCNext already warned me against such an approach.

[Come-from-Beyond]

Here's a better idea..

Implement a script that user has to type out the script, and it will produce the number, then you put that number into the captcha, and it should approved. It's the same concept as Arch Linux forums. Scroll down to bottom page.https://bbs.archlinux.org/register.php

I'm not sure that users with IQ < 160 will be able to connect to the network.