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opticalcarrier
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February 25, 2014, 10:25:27 PM |
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Alright so i need a little help understanding something. I have two servers running on two separate computers. Both servers have the same account unlocked. I know the answer is going to be no, but i just want to understand how and why.. Does this double my chances of forging a block?
it doesnt, and in fact I believe CfB has stated in the past that this is a very bad practice, for reasons I cant understand though. does anyone know why this is bad? And if its so bad, what do we need to work on to mitigate the threat? |
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rickyjames
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February 25, 2014, 10:27:14 PM |
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I'm gonna start a game here. Which is probably a mistake. Play along if you like.
This page is my
BIRTH YEAR
and blue is my favorite color.
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CommanderVenus
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February 25, 2014, 10:32:13 PM |
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Alright so i need a little help understanding something. I have two servers running on two separate computers. Both servers have the same account unlocked. I know the answer is going to be no, but i just want to understand how and why.. Does this double my chances of forging a block?
it doesnt, and in fact I believe CfB has stated in the past that this is a very bad practice, for reasons I cant understand though. does anyone know why this is bad? And if its so bad, what do we need to work on to mitigate the threat? Yeah id love to see the reasoning. Im hoping we can get some insight. Thank you for the reply, ill stick to just one server then. |
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chanc3r
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February 25, 2014, 10:35:31 PM |
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H A P P Y B I R T H D A Y
R I C K Y J A M E S |
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DrearyUrbanite
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February 25, 2014, 10:36:41 PM |
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I'm gonna start a game here. Which is probably a mistake. Play along if you like.
This page is my
BIRTH YEAR
and blue is my favorite color.
Wow, you're pretty old. My birth year page is not for two more pages.  |
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msin
Legendary
 Offline
Activity: 1484
Merit: 1006
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February 25, 2014, 10:38:41 PM |
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I'm gonna start a game here. Which is probably a mistake. Play along if you like.
This page is my
BIRTH YEAR
and blue is my favorite color.
Wow, you're pretty old. My birth year page is not for two more pages. Easy buddy, RickyJ has been known to terminate for much less. |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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February 25, 2014, 10:42:18 PM |
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I think leaving back forever the 0.0001BTC price needs people to actually start using AE, NXTcash AND AT.
In any other coin the above combination could probably have eaten BTC but truth is that many early adopters (including me) wait the chance to start dumping at higher prices.
Of course if people lose interest it could very well go the other way, like panic selling @0.000001 again...
TF is a feature that will be very useful if NXT is widely adopted (at least as BTC is).
EDIT: On the other hand I think if we had a decent NXT/USD market the price would easily go to 1$
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rickyjames
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February 25, 2014, 10:43:16 PM |
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Regarding Texas Bitcoin Conference, I have gotten word that Tai Zen (Asian Prepper) and I are officially confirmed for door passes as official NXT sponsors. I am told I will be participating on the Alternative Cryptocurrencies panel, a secondary discussion group that will be held at the same time as their "Big Three" main discussion groups at 3:20 on March 6. This is totally appropriate, as NXT is being given bottom-rung "Sponsor" status for Salsa's payment of only $1000 instead of the quoted $2500. See schedule link below. http://texasbitcoinconference.com/scheduleThis is the beginning, NXT will grow from here in future conferences. And I am certainly looking forward to this one. |
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rickyjames
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February 25, 2014, 10:44:03 PM |
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H A P P Y B I R T H D A Y
R I C K Y J A M E S Thanks! It's actually pretty close, on March 22. |
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chanc3r
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February 25, 2014, 10:46:58 PM |
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Already done 2 days ago... |
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cc001
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February 25, 2014, 10:56:20 PM |
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done  |
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EvilDave
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February 25, 2014, 11:03:59 PM |
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I'm gonna start a game here. Which is probably a mistake. Play along if you like.
This page is my
BIRTH YEAR
and blue is my favorite color.
Wow, you're pretty old. My birth year page is not for two more pages. Easy buddy, RickyJ has been known to terminate for much less. And I thought I was an old grumpy bastard......my birth year is gonna be in 11 pages and my favourite colour (well, the only colour) is black........ |
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EvilDave
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February 25, 2014, 11:08:53 PM |
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People, please don't use third party websites to check hashes. It defeats the purpose of the hash. If you're using Windows, download this to check the hashes easily and quickly. It's open source and free: http://code.kliu.org/hashcheck/+10, use hashcheck, it rules. |
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msin
Legendary
Offline
Activity: 1484
Merit: 1006
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February 25, 2014, 11:25:45 PM |
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done Thanks guys, did hear from the Bittrex team, I sent them some Nxt to test on their system and they are working hard to implement with their automated system. They were impressed with the dev help (Opticalc) and the community support. Thanks for all who signed up. We should be all set with them soon as well as Atomic Trade, I believe Byron left an update post here today. |
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DrearyUrbanite
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February 25, 2014, 11:51:26 PM |
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I'm gonna start a game here. Which is probably a mistake. Play along if you like.
This page is my
BIRTH YEAR
and blue is my favorite color.
Wow, you're pretty old. My birth year page is not for two more pages. Easy buddy, RickyJ has been known to terminate for much less. And I thought I was an old grumpy bastard......my birth year is gonna be in 11 pages and my favourite colour (well, the only colour) is black........ That's still pretty old for a geek. I started back in punched card days. I am ancient as far as sysadmins go. |
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EvilDave
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February 25, 2014, 11:51:56 PM |
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I feel the need to weigh in again on the forging rewards debate:
We do not need to change the current forging setup.
Forging right now is completely fair. Everyone who forges gets a small percentage increase in their NXT holdings, in the form of tx fees.
You must remember that NXT is (as rickyjames keeps telling us) a zero-sum game. There are only one billion (minus a few) coins in existence. Forging does not make new NXT, just moves the old NXT around.
Pools will make it easier for smallholders to keep their forging power online, but will make absolutely no difference to earnings thru forging.
(This brings me to the 1st gen/2nd gen thing...more on that later)
Forging will only provide a sizeable income if/when we have a large amount of NXT transactions, which will only happen if NXT is in wide-scale adoption as a 1st generation crypto (ie, pay, move, store, invest, use like money).
Even then, forging will never give the dramatic gains that some people seem to expect.
But we need to encourage a healthy network: lots of NXT nodes, big, small, forging, non-forging, it all helps.
The easiest way to do this is to implement a rewards scheme running alongside forging, but one that rewards setting up and running a node: Jl777's NodeCoin plan, in other words.
TL:DR
Reward nodes, listen to jl777, do not fuck around with forging.
Back to the 1st Gen/2nd Gen thing: some people have expressed the opinion that NXT should completely skip the whole idea of being a successful 1st Gen crypto (ie pay, move, store, invest) in favour of going straight to concentrating on being a 2nd Gen crypto (AE, AM, DACS, colored coins, games....etc).
Good idea but if NXT is a success as a 1st gen currency:
We will have lots of money to spend on setting up 2nd gen features/DACS.
We will have a large user base ready to invest in and adopt 2nd gen features.
We will have a much higher profile in the crypto and wider worlds.
We can't expect to just go from zero to successful 2nd gen without first succeeding as a 1st gen. I can't see it happening.....
Correct me if i'm wrong, but all other 2nd gen cryptos are either stuck in development hell or riding on the back of Bitcoin, a successful 1st gen currency. See where I'm going with this ?
Last 1st gen vs 2nd gen point: assuming that we have 15,000 unique NXT users (number out of my head) , how many of those people are capable of doing effective development work on the 2nd gen features ? 5% ? 10% ? 20% ?
But everyone can participate in making NXT a success on the 1st gen level, simply thru marketing, encouraging adoption, and actually helping to build a 1st gen eco-system thru trading and use.
I'm not saying stop work on 2nd gen, I am saying that more of us should concentrate on getting the 1st gen basics of NXT right, while the big brain/serious dev skills dudes can build the fairy castles in the sky that will make us all rich.
Hopefully......
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EvilDave
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February 25, 2014, 11:53:46 PM |
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I'm gonna start a game here. Which is probably a mistake. Play along if you like.
This page is my
BIRTH YEAR
and blue is my favorite color.
Wow, you're pretty old. My birth year page is not for two more pages. Easy buddy, RickyJ has been known to terminate for much less. And I thought I was an old grumpy bastard......my birth year is gonna be in 11 pages and my favourite colour (well, the only colour) is black........ That's still pretty old for a geek. I started back in punched card days. I am ancient as far as sysadmins go. I remember getting excited about Win 95 and our departments first ever (single-speed) cd-burner. And don't get me started on that Y2K thing.... |
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rickyjames
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February 25, 2014, 11:53:59 PM |
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And I thought I was an old grumpy bastard......my birth year is gonna be in 11 pages and my favourite colour (well, the only colour) is black........
Hey...who you calling grumpy? I remember getting excited because they were gonna upgrade me at work from the original IBM PC to the IBM XT with a 20 Megabyte Winchester hard drive. No more floppies for me! I still had to load programs at home from cassette tape on my TRS-80... http://en.wikipedia.org/wiki/IBM_Personal_Computer_XT |
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jkoil
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February 25, 2014, 11:54:20 PM |
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Any thoughts on the value of NXT (in terms of BTC not dollars) in the intermediate future?
And as a bonus question, I personally would be surprised to see an alt, including NXT, to gain more than 1/2 the market cap of Bitcoin at any given time unless the utility of that coin became a real challenger to BTC - which I believe is a long ways off in any case. So .0125BTC seems to be a best case scenario ceiling for NXT for the longer intermediate term.
Actually, I see no reason why Nxt should be valued in BTC other than that BTC is the preferred exhange coin at the moment. There is no reason why Nxt shouldn't be independently valued for fiat. I have seen the calculation of 21,000,000/1,000,000,000 often and find it useless as it presupposes that Bitcoin will always be the exchange coin "in between".That is an unsupported assumption and makes that whole calculation useless. In answer to your other question: no idea what the valuation will be. It all depends of the value that Nxt actually will deliver to people. Looking at developments it seems likely to be in a totally different area than Bitcoin for now. I do not think Nxt will be a "buying" coin. Maybe it will be used as such for a short time, but that will change when the value rises and it will become unwieldy for such. It's much more likely "Nxt" will become valuable as a means to "power" systems that will have such functions. As such, it's value can be immense, but it all depends on the coming months. yea ... Only in the beginning, after the launch, that calculation can be a start, iff there is nothing else to evaluate the initial value. After the start the value should be under the mercy of market, supply & demand |
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