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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756161 times)
lopalcar
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February 16, 2014, 09:29:13 PM
 #34401

Can someone send me some testNXT to 14399955396619943263 thanks Smiley
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ChuckOne
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February 16, 2014, 09:36:11 PM
 #34402

What do you think of the TaPoS idea?

https://docs.google.com/document/d/1RLcjSXWuU9vBJzzqLEXVACSCdn8zXKTTJRN_LfoCjNY/edit?pli=1
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February 16, 2014, 09:42:15 PM
 #34403

So, when an account leases forging power to a node, what should prevent that node to mis-use that power?

Fear that the leaser will take the power back.

That should not suffice. There could be a business model made on top of this:

1) bad node tells forgers 'u get a bigger slice of the profit when u support me'
2) bad node does only accept transactions with big fees
3) people will pay

You could argue that in that case people will cash out and move on to another crypto-currency or NXT clone. That is true if NXT is young and nobody depends on it as it is the case right now.

However, if NXT is mature and a lot of services depend on it, nobody can cash out that easily and will feed the scheme

Will work only if a lot of power is owned by bad nodes. This is unlikely if Nxt is mature.
rriky92
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February 16, 2014, 09:43:19 PM
 #34404

Anyone got 0.7.5 successfully running on a RasPi?
Mine is crashing everytime because of memory issues.

Mine is running!
Drexme
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February 16, 2014, 09:44:19 PM
 #34405

Please chime in: https://nextcoin.org/index.php/topic,4053.msg38126/topicseen.html#msg38126

chanc3r
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February 16, 2014, 09:47:28 PM
 #34406

So, when an account leases forging power to a node, what should prevent that node to mis-use that power?

Fear that the leaser will take the power back.

That should not suffice. There could be a business model made on top of this:

1) bad node tells forgers 'u get a bigger slice of the profit when u support me'
2) bad node does only accept transactions with big fees
3) people will pay

You could argue that in that case people will cash out and move on to another crypto-currency or NXT clone. That is true if NXT is young and nobody depends on it as it is the case right now.

However, if NXT is mature and a lot of services depend on it, nobody can cash out that easily and will feed the scheme

Will work only if a lot of power is owned by bad nodes. This is unlikely if Nxt is mature.

Don't other nodes see the block so know what should be in the forged block - if the forging is faulty couldn't the other nodes reject the block and the transactions then get added into the next block.
So a bad node could risk its block being rejected and the work being given to the next forging node to get the fees.

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intel
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February 16, 2014, 09:47:59 PM
 #34407

Did not find it within forum, were there any suggestions how to implement anonymous payments (transactions and balances not visible in blockchain)?

[!] 24.7 NXT News Portal. Real-Time Update. Share your own news with NXT community and get FREE NXT!
Drexme
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February 16, 2014, 09:48:18 PM
 #34408

I'm a nobody here, but I also kindly ask you to calm down.
Don't befoul this thread with your aggressive wording...


Go get bossed around by Graviton & Drexme then... LEAVE ME THE FUCK ALONE!!!    Shocked

I'm beginning to think you're just a troll

punkrock
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February 16, 2014, 09:48:26 PM
 #34409

>>>>>>>>>>>>>>> PLEASE VOTE! <<<<<<<<<<<<<<<

Unregistered users are allowed up to 3 votes per hour, whilst registered users are allowed 6 votes per hour!

Please quote me, share on Twitter, Facebook, Reddit... thanks!

Go, go, go! Please share the link with all big websites / admins / social groups you know. 6 votes per hour = ~36 votes per day per NXT'r. 100 NXT'rs = 3600 votes per day. Let's go!
bitmadaboutcoin
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February 16, 2014, 09:52:56 PM
 #34410

do the forging pools work? is it worth doing with 15k nxt?
Drexme
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February 16, 2014, 09:53:12 PM
 #34411

It wasn't an attack on Graviton or Dgex

I just heard rumors about the fees

I wan't people to chime in on an exchange I could use

opticalcarrier
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February 16, 2014, 09:54:33 PM
 #34412

So, when an account leases forging power to a node, what should prevent that node to mis-use that power?

Fear that the leaser will take the power back.

That should not suffice. There could be a business model made on top of this:

1) bad node tells forgers 'u get a bigger slice of the profit when u support me'
2) bad node does only accept transactions with big fees
3) people will pay

You could argue that in that case people will cash out and move on to another crypto-currency or NXT clone. That is true if NXT is young and nobody depends on it as it is the case right now.

However, if NXT is mature and a lot of services depend on it, nobody can cash out that easily and will feed the scheme

Will work only if a lot of power is owned by bad nodes. This is unlikely if Nxt is mature.

Don't other nodes see the block so know what should be in the forged block - if the forging is faulty couldn't the other nodes reject the block and the transactions then get added into the next block.
So a bad node could risk its block being rejected and the work being given to the next forging node to get the fees.

What you are describing is possible, but very complex, would be cool to have though.  Would require some rules to be defined. Good luck on consensus of that though
Drexme
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February 16, 2014, 09:55:20 PM
 #34413

I'm beginning to think you're just a troll

SHUT THE FUCK UP  A L R E A D Y!!!    Angry


Edit:  The Nxt community needs to rip this PSYCHOPATH a new asshole...  ENOUGH!?!?!    Shocked



You're the only one acting like a psychopath.

Everyone is calm except yourself

ChuckOne
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February 16, 2014, 09:55:28 PM
 #34414

So, when an account leases forging power to a node, what should prevent that node to mis-use that power?

Fear that the leaser will take the power back.

That should not suffice. There could be a business model made on top of this:

1) bad node tells forgers 'u get a bigger slice of the profit when u support me'
2) bad node does only accept transactions with big fees
3) people will pay

You could argue that in that case people will cash out and move on to another crypto-currency or NXT clone. That is true if NXT is young and nobody depends on it as it is the case right now.

However, if NXT is mature and a lot of services depend on it, nobody can cash out that easily and will feed the scheme

Will work only if a lot of power is owned by bad nodes. This is unlikely if Nxt is mature.

I just say: ghash.io. Nobody thought Bitcoin would become more centralized. But it did.

The same holds true for NXT. Pooling has already begun and it will continue.
bitcoinpaul
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February 16, 2014, 09:55:42 PM
 #34415

omg drexme you are truly fucked up in your head Shocked

sry
ChuckOne
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February 16, 2014, 09:56:47 PM
 #34416

do the forging pools work? is it worth doing with 15k nxt?

@CfB

Do you see what I mean. People are willing to give their forging power away.
Drexme
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February 16, 2014, 09:58:52 PM
 #34417

omg drexme you are truly fucked up in your head Shocked

sry

How am I "fucked up in the head"?

ChuckOne
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February 16, 2014, 09:59:17 PM
 #34418

So, when an account leases forging power to a node, what should prevent that node to mis-use that power?

Fear that the leaser will take the power back.

That should not suffice. There could be a business model made on top of this:

1) bad node tells forgers 'u get a bigger slice of the profit when u support me'
2) bad node does only accept transactions with big fees
3) people will pay

You could argue that in that case people will cash out and move on to another crypto-currency or NXT clone. That is true if NXT is young and nobody depends on it as it is the case right now.

However, if NXT is mature and a lot of services depend on it, nobody can cash out that easily and will feed the scheme

Will work only if a lot of power is owned by bad nodes. This is unlikely if Nxt is mature.

Don't other nodes see the block so know what should be in the forged block - if the forging is faulty couldn't the other nodes reject the block and the transactions then get added into the next block.
So a bad node could risk its block being rejected and the work being given to the next forging node to get the fees.

I don't think they know what should be in a block. They only see what is in there after the block is forged.
bitmadaboutcoin
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February 16, 2014, 10:00:01 PM
 #34419

I'm beginning to think you're just a troll

SHUT THE FUCK UP  A L R E A D Y!!!    Angry


Edit:  The Nxt community needs to rip this PSYCHOPATH a new asshole...  ENOUGH!?!?!    Shocked



You're the only one acting like a psychopath.

Everyone is calm except yourself

jesus just shag each other and get it over with... sexual tension between you is obvious! go beat the monkey or something lol
ChuckOne
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February 16, 2014, 10:00:39 PM
 #34420

omg drexme you are truly fucked up in your head Shocked

sry

How am I "fucked up in the head"?

Could you argue out via PMs, please?
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