NXT :: descendant of Bitcoin - Updated Information

[redsn0w]

How I can stop the server 0.8.x safely?
pkill -9 java? :S





http://www.youtube.com/watch?v=Jw-E3gCl1b4   <3

Code:

 kill -9 #ID PROCESS

#ID PROCESS = top .. and search on java process , take the id of the process and type it in the shell.

[redsn0w]

hi abctc, do you have some testnxt left? -> 9998590259914237067

- 20k sent !

Can someone throw a few testnxt here.... 2910886212992499273

Cheers

I've sent you 5K TestNxt . Enjoy it    .

[bitcoinpaul]

Ahahah   I don't want to rush anything, but the solution is simple ..

Please explain us your bulletproof, not gameable, future-save solution, which doesn't require human intervention and doesn't affect other functions of Nxt.

Oh. Seems like an interpretation thing. Every computing running NXT is helping. The ones that are forging help more.

This should be clarified.

it is impossible, it always takes human intervention

We are discussing this topic to find a solution with the least human intervention as possible.
For example to make changes to fee and fee structure.

[bitcoinpaul]

We are searching for the right incentives for:

- running a node (this secures the network)
- running a node, have an open nxt account and forging with it (this secures the security of nxt = 90% attacks ?!) DONE by TF.

FIFY.

I think we shouldn't ignore the second point in our discussion since we need forging nodes. You say it is "done by TF" but TF only is the mechanism which saves us from 51% attacks. But we still need to talk about incentives for forging.

Push.

[abctc]

yes.. we're searching to a donations/bounties  to run a node .. or to forge ( help the Nxt server ) .

I think this is a bad idea. Either the network/nxt itself can care of or this will fail.

- agree.

but if we want more nodes, and people can not create new ones because it has no budget .. how do we support the Nxt ?

- I am sure, the forging itself must bring an interest (a fee) for nodes' owners. Now it is a very small amount, but when there are hundreds of tx in each block, it would be a good sum.
Currently, you are right, donations like peerexplorer.com are highly welcome in order to support nodes' owners. But it  can not lasts long.

[redsn0w]

yes.. we're searching to a donations/bounties  to run a node .. or to forge ( help the Nxt server ) .

I think this is a bad idea. Either the network/nxt itself can care of or this will fail.

- agree.

but if we want more nodes, and people can not create new ones because it has no budget .. how do we support the Nxt ?

- I am sure, the forging itself must bring an interest (a fee) for nodes' owners. Now it is a very small amount, but when there are hundreds of tx in each block, it would be a good sum.
Currently, you are right, donations like peerexplorer.com are highly welcome in order to support nodes' owners. But it  can not lasts long.

Then wait for the opinion of one of the developers ..

I said  my thought .

[igmaca]

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt one goes

The smaller accounts 100000 nxt expressly not want to be grouped  go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves that small accounts are equally motivated to forge that big.

[mcjavar]

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt one goes

The smaller accounts 100000 nxt expressly not want to be grouped  go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves that small accounts are equally motivated to forge that big.

[bitcoinpaul]

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt one goes

The smaller accounts 100000 nxt expressly not want to be grouped  go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves that small accounts are equally motivated to forge that big.

I don't quite get your english

If you want to make differentiation of how big the accounts are and what fees they are getting, then the following will happen:

The big accounts divide their accounts, smaller divide their accounts, every one divides their accounts an in the end we have 1,000,000,000 accounts. And now tell me, what has changed?

[bitcoinpaul]

 

[igmaca]

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt one goes

The smaller accounts 100000 nxt expressly not want to be grouped  go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves that small accounts are equally motivated to forge that big.

I don't quite get your english

If you want to make differentiation of how big the accounts are and what fees they are getting, then the following will happen:

The big accounts divide their accounts, smaller divide their accounts, every one divides their accounts an in the end we have 1,000,000,000 accounts. And now tell me, what has changed?

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt go alone  

The smaller accounts 100000 nxt expressly not want to be grouped  go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging proportionally.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves as small accounts are equally motivated to forge as big ones.

divided into smaller accounts does not change your chances of forging only depends on the nxt you have.

My proposal causes everyone receives fees every 2 3 days maximum one week.

[bitcoinpaul]

The big accounts divide their accounts, smaller divide their accounts, every one divides their accounts an in the end we have 1,000,000,000 accounts edit: and 1,000,000 nodes. And now tell me, what has changed?

Now we have enough nodes. Lets do it  

[2Kool4Skewl]

NXT users should be rewarded for forging or running a node.  How about after fractional amounts are implemented, we split the transaction rewards 50/50 between the account forging and the NXT nodes that are hallmarked.  Every time a block is found, half of the transaction fees are credited evenly to the hallmarked nodes.

Let's say 1000 hallmarked nodes are on the network.  A block is found that has 10 NXT transaction fee.  The forging account gets 5 NXT.  The other 5 NXT gets divided up and distributed to the 1000 accounts running on hallmarked nodes.  Each node's hallmarked account would get 5/1000 = 0.005 NXT.  The 0.005 NXT would not be broadcast as a transaction, but simply credited to the account.

This would allow smaller accounts to provide a service for NXT, running a node, and get rewarded consistently at the same time.

I do not think accounts should be penalized for not forging.  NXT should reward people and not penalize them.

Assuming the NXT network is at 10% utilization, each block will have 25.6 NXT transaction fees.  ( 256 tx per block * 1 NXT tx fee * 10% = 25.6 NXT)  Half of this, 12.8 NXT, gets rewarded to the hallmarked nodes' accounts supporting the network.  At one block per minute, 18432 NXT will be distributed to all hallmarked node accounts per day assuming 10% network utilization.  If there are 1000 hallmarked nodes on the network, each node will earn 18.432 NXT per day and 6727.68 NXT per year.

As more transactions are issued on the network, more hallmarked nodes will come on-line to partake in earning the node reward.

[bitcoinpaul]

Assuming the NXT network is at 10% utilization, each block will have 25.6 NXT transaction fees.  ( 256 tx per block * 1 NXT tx fee * 10% = 25.6 NXT)  Half of this, 12.8 NXT, gets rewarded to the hallmarked nodes' accounts supporting the network.  At one block per minute, 18432 NXT will be distributed to all hallmarked node accounts per day assuming 10% network utilization.  If there are 1000 hallmarked nodes on the network, each node will earn 18.432 NXT per day and 6727.68 NXT per year.

As more transactions are issued on the network, more hallmarked nodes will come on-line to partake in earning the node reward.

Let's talk about the idea first before we get into numbers (because the idea should withstand changes in these numbers. And I want to get it right).

- We are now talking about incentives for hallmarked nodes
- You propose that we split block fees between the forger and the hallmarked nodes

Ok?

[igmaca]

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt one goes

The smaller accounts 100000 nxt expressly not want to be grouped  go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves that small accounts are equally motivated to forge that big.

I don't quite get your english

If you want to make differentiation of how big the accounts are and what fees they are getting, then the following will happen:

The big accounts divide their accounts, smaller divide their accounts, every one divides their accounts an in the end we have 1,000,000,000 accounts. And now tell me, what has changed?

with the theme forging I propose the following

each time it is going to generate a block all accounts can forge, 100000 Nxt bags are grouped.

Accounts with more than 100000 nxt go alone  

The smaller accounts 100000 nxt expressly not want to be grouped  go alone

Bob's account forging and is in a bag. Their fees are divided into the bag belonging proportionally.

This solution at least provoke everyone who wants to forge receive fees every 2-3 days maximum one week.

This at least solves as small accounts are equally motivated to forge as big ones.

divided into smaller accounts does not change your chances of forging only depends on the nxt you have.

My proposal causes everyone receives fees every 2 3 days maximum one week.

Translated into numbers

if a block has 256 transactions
and 1440 blocks are generated each day

a bag (grouping of accounts) with 100000 nxt generated 52.6 blocks per year
if a Nxt equals 1 Dollar
Blocks 52.6 x 256 = 13,455, dollar per year

[2Kool4Skewl]

Assuming the NXT network is at 10% utilization, each block will have 25.6 NXT transaction fees.  ( 256 tx per block * 1 NXT tx fee * 10% = 25.6 NXT)  Half of this, 12.8 NXT, gets rewarded to the hallmarked nodes' accounts supporting the network.  At one block per minute, 18432 NXT will be distributed to all hallmarked node accounts per day assuming 10% network utilization.  If there are 1000 hallmarked nodes on the network, each node will earn 18.432 NXT per day and 6727.68 NXT per year.

As more transactions are issued on the network, more hallmarked nodes will come on-line to partake in earning the node reward.

Let's talk about the idea first before we get into numbers (because the idea should withstand changes in these numbers. And I want to get it right).

- We are now talking about incentives for hallmarked nodes
- You propose that we split block fees between the forger and the hallmarked nodes

Ok?

Yes, that is what I am proposing.

[redsn0w]

Assuming the NXT network is at 10% utilization, each block will have 25.6 NXT transaction fees.  ( 256 tx per block * 1 NXT tx fee * 10% = 25.6 NXT)  Half of this, 12.8 NXT, gets rewarded to the hallmarked nodes' accounts supporting the network.  At one block per minute, 18432 NXT will be distributed to all hallmarked node accounts per day assuming 10% network utilization.  If there are 1000 hallmarked nodes on the network, each node will earn 18.432 NXT per day and 6727.68 NXT per year.

As more transactions are issued on the network, more hallmarked nodes will come on-line to partake in earning the node reward.

Let's talk about the idea first before we get into numbers (because the idea should withstand changes in these numbers. And I want to get it right).

- We are now talking about incentives for hallmarked nodes
- You propose that we split block fees between the forger and the hallmarked nodes

Ok?

Yes, that is what I am proposing.

your idea is  fantastic .....

[pinarello]

NXT would be more sexy if price was higher.

As it rise it would atract attention of new investors. But sadly some whale(s) decide to sell on each price no matter what.

If price was 0.001 or so it would get on some radars, but whales do not allow price to rise.

[BitcoinForumator]

NXT would be more sexy if price was higher.

As it rise it would atract attention of new investors. But sadly some whale(s) decide to sell on each price no matter what.

If price was 0.001 or so it would get on some radars, but whales do not allow price to rise.

Retweeted.

[Jean-Luc]

@jean-luc

NRS is generating errors constantly. See the console in chrome.

Refused to set unsafe header "Content-length" (index):1
46
Refused to set unsafe header "Content-length"

Hundreds of these errors after a few minutes.

This is also why I can't release an update to NxtMac - apparently the safari version included in cocoa does not like these errors at all and does not show any output (peers, blocks, etc).

Please fix.

I will remove the setting of this header. There were no such errors in firefox. And I just copied that from an example about how to do POST with XMLHttpRequest I found on the web... I guess another obsolete or wrong advice:
http://www.openjs.com/articles/ajax_xmlhttp_using_post.php
I first tried submitting the forms in admin.html directly using send(new FormData(form)), but this didn't work, couldn't figure out why. So I had to manually encode the parameters and set request headers.