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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761621 times)
ChuckOne
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February 18, 2014, 05:52:15 PM
 #35061

sorry idk how to explain it any better than i did in the video Undecided

Sorry, I didn't mean that.

Let me rephase that:

Assume, you have a partition N1 and N2 of the NXT network as described above and the next block comes in:

How does a node decide?

1) The longest branch according to graph theory will be assumed the correct one.
2) The branch with the most stake involved is considered to be the correct one.
ChuckOne
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February 18, 2014, 05:54:45 PM
 #35062

In plain english: what's the right way of finding consensus in NXT?

by looking for the chain that demonstrates the greatest stake participation without claiming to be from the future.

Ah, okay.

Just to get that sure:
 - the longest branch in the sense of graph theory is totally irrelevant
Anon136
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February 18, 2014, 05:59:59 PM
 #35063

In plain english: what's the right way of finding consensus in NXT?

by looking for the chain that demonstrates the greatest stake participation without claiming to be from the future.

Ah, okay.

Just to get that sure:
 - the longest branch in the sense of graph theory is totally irrelevant

well idk anything about graph theory but yes the length of the chains is irrelevant.

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?
CoinGirl
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February 18, 2014, 06:00:48 PM
 #35064

Advertise your coin or pool here:
Visit: http://www.bitscraper.pw/p/blog-page.html
msin
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February 18, 2014, 06:04:58 PM
 #35065

News about TaPoS: https://docs.google.com/document/d/1RLcjSXWuU9vBJzzqLEXVACSCdn8zXKTTJRN_LfoCjNY/edit?pli=1

The author suggests a real penalty for accounts not mining within a year or so: they pay a fee.

Somehow, I like that.

Would be great if we could get this guy to help us with Nxt DAC.
ChuckOne
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February 18, 2014, 06:12:00 PM
 #35066

well idk anything about graph theory but yes the length of the chains is irrelevant.

Okay, so now we have:

Consensus in NXT is found by looking for the branch that demonstrates the greatest stake participation without claiming to be from the future.

This is achieved by summing up the targets on each branch and the branch with the smallest total is the correct one.

Got it right?
pinarello
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February 18, 2014, 06:15:11 PM
 #35067

All,

this will be the triage centre for the different committees.

https://bitcointalk.org/index.php?topic=453935.msg5002927#msg5002927

please add your project there for approval by the correct committee.

the committee members will decide for which committee your project does apply.

committees wil be formed as we speak please apply if you want to be part of one of the committees.

https://docs.google.com/spreadsheet/ccc?key=0AsrKGhOkVcFpdFRFeHNUdWx3Qy1nTjBPLUFNWUJKQkE&usp=sharing



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Anon136
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February 18, 2014, 06:26:49 PM
 #35068

well idk anything about graph theory but yes the length of the chains is irrelevant.

Okay, so now we have:

Consensus in NXT is found by looking for the branch that demonstrates the greatest stake participation without claiming to be from the future.

This is achieved by summing up the targets on each branch and the branch with the smallest total is the correct one.

Got it right?

thats the idea but now that ive started to think about it again i have some more questions that i need to ask cfb myself.

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?
ChuckOne
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February 18, 2014, 06:30:00 PM
 #35069

Okay, so now we have:

Consensus in NXT is found by looking for the branch that demonstrates the greatest stake participation without claiming to be from the future.

This is achieved by summing up the targets on each branch and the branch with the smallest total is the correct one.

Got it right?

thats the idea but now that ive started to think about it again i have some more questions that i need to ask cfb myself.

Good. Do that.

Maybe, you could share some of your questions.
Come-from-Beyond
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February 18, 2014, 06:33:40 PM
 #35070

well idk anything about graph theory but yes the length of the chains is irrelevant.

Okay, so now we have:

Consensus in NXT is found by looking for the branch that demonstrates the greatest stake participation without claiming to be from the future.

This is achieved by summing up the targets on each branch and the branch with the smallest total is the correct one.

Got it right?

No. U sum 1/target and want to get the highest value.
redsn0w
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February 18, 2014, 06:37:23 PM
 #35071

Who want some TestNxt ?
TwinWinNerD
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February 18, 2014, 06:57:16 PM
 #35072

are any of the devs here working on off-chain transactions??

we have a working reddit bot for that, or do you want something like inputs.to?

l8orre
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February 18, 2014, 06:59:06 PM
 #35073

Who want some TestNxt ?

YES PLEASE!   Grin

1738404304940813414

wasn't CfB about to restart the Testnet ?!?!?! I was out for a few hours - balance on my tesnet account is still 6000

jorsn
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February 18, 2014, 07:03:07 PM
 #35074

Who want some TestNxt ?

Long time lurker, first time poster ... great thread!

I'll have some testnxt, thanks!
4711596450733675448
wesleyh
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February 18, 2014, 07:14:56 PM
 #35075

are any of the devs here working on off-chain transactions??

we have a working reddit bot for that, or do you want something like inputs.to?

im not a coder.. not sure what inputs.to is.

just saw this.

https://bitcointalk.org/index.php?topic=471348.0



Good link, seems there is some java code here: https://bitcointalk.org/index.php?topic=152334 if anyone is interested.
punkrock
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February 18, 2014, 07:16:20 PM
 #35076

>>>>>>>>>>>>>>> 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!
Damelon
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February 18, 2014, 07:17:08 PM
 #35077

Payment Processor Information

As some of you already know if you read Nikel's reports, I've been talking to the guys from ZipZap and GoCoin quite a bit for Peercoin for a month prior to the conference and then spoke to both parties (Nikel lead) at the Miami conference about Nxt.  This is important, I can move this conversation forward.

I need someone willing to put the following data together (this is what we did for Peer). We need to show trends, interest and liquidity. Who is willing to work with me on it? I CAN get in front of the GoCoin board and pitch Nxt. See examples below on what we presented Zipzap and GoCoin:

1. Exchanges

We're listed on all the major alt exchanges listed here:

http://www.peercointalk.org/index.php?topic=127.0


The bulk of our liquidity happens at BTC-e. We currently have 3.8 million dollars worth of buy orders for PPC/USD and 127,000 PPC worth of sell orders.


2. Additional Numbers

I've asked our team to put together some numbers:


A. Peercoin 6-month Transaction Volume on BTC-e (PPC/BTC Trading Pair)

https://i.imgur.com/a4InuOk.png


B. Peercoin 6-month Transaction Volume on the rest of the top 5 exchanges (Cryptsy, BTER, Vircurex, and Vault of Satoshi, with VoS conservatively assumed to be 5000 PPC per day since Sept 1)

https://i.imgur.com/VDFVLDu.png


C. Peercoin 1-month Transaction Volume on BTC-e (PPC/USD Trading Pair)

https://i.imgur.com/NnvNpda.png


D. Number of unique transactions per day

http://bitinfocharts.com/comparison/transactions-ppc.html


E. Value of Peercoin being transacted per day

http://bitinfocharts.com/comparison/sentinusd-ppc.html


================

Who is willing to step up?


Thanks!

Saw this yesterday evening and had a think about it and my take is that this is too soon.
At this moment we haven't even gotten a simple payment system going.
This means we also don't have much movement in Nxt and people don't recognise it as a payment option, but mainly as an investment opportunity.
I'm not against this per se, but if I would put myself in their shoes, for now I'd say we have little to offer and much to lose ourselves.

It's true that moving towards a payment system is needed (hey, I'm working on it! I admit Smiley ), but at the moment it doesn't seem like a good idea to move in with these profs yet.

I'd feel much more comfortable running the payments for the coming months via our own systems. That way we can build attention for it and get it more accepted. In six months, this seems to be something that would be viable. If that is a conservative guess, that's great.

It's a fact that not many people have big quantities of Nxt. 200-500 seems average for most smaller accounts, if I look at the forums, and outside this thread. To buy anything of reasonable value (say a promotional T-shirt at this moment) would probably take about that or a substantial part of it. I know that I wouldn't buy if it meant cleaning out my wallet.

If anything, it would draw attention to the fact that 200 Nxt isn't actually worth all that much at the moment.

So, in this case, I would advise to wait for a bit, even if théy are eager. If all goes well, they will still be eager in a month or two. Smiley

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Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
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xcn
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February 18, 2014, 07:26:31 PM
 #35078

Who want some TestNxt ?

14150851297671723944, please
l8orre
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February 18, 2014, 07:30:22 PM
 #35079

Who want some TestNxt ?

14150851297671723944, please

just sent you 800 - pls drop me a line if they arrive! I only have 5900 myself, oy vey, I am so poor in testnet myself ...

TX:
2126487817680181107
TX_BYTECODE:
00005aca71000a005f7605dfd9ddba1c7843add87f2afc0b9edb1776ad9ae7c9cce18013fa89247 1a83b19e347ec61c420030000010000000000000000000000338b03e044e16e64774f7566ba154b b1d92a0a73d1fb40fb7cae4a1b5609a3061437957b3ab48ea6bc1ec011a5e5691811c185c5c67d8 d69e9a8cb465d86e6cb
xcn
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February 18, 2014, 07:41:35 PM
 #35080

Who want some TestNxt ?

14150851297671723944, please

just sent you 800 - pls drop me a line if they arrive! I only have 5900 myself, oy vey, I am so poor in testnet myself ...

TX:
2126487817680181107
TX_BYTECODE:
00005aca71000a005f7605dfd9ddba1c7843add87f2afc0b9edb1776ad9ae7c9cce18013fa89247 1a83b19e347ec61c420030000010000000000000000000000338b03e044e16e64774f7566ba154b b1d92a0a73d1fb40fb7cae4a1b5609a3061437957b3ab48ea6bc1ec011a5e5691811c185c5c67d8 d69e9a8cb465d86e6cb


they will be available via http://nxtra.org/nxt-client/, am i right?
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