NXT :: descendant of Bitcoin - Updated Information

[mthcl]

I figured out how to choose a random number deterministically within the decentralized Nxt network, where someone with 90% of the forging power as determined by proof of stake could only get lucky enough to manipulate this number 1 in a billion years at a rate of 1 block per minute.  It would only require 300 forgers online, we currently have more than this.  If we have get 500 forgers participating this number drops to someone with 90% of the forging power only getting lucky enough 1 in approximately 40 Octillion years.

And it scales nicely and it's fast, could easily be done. No proof of work required.  Could probably cut down how long you lock up funds and changes to forging power to 10 blocks, say 60 if you want to be safe. I'm telling you, it's big.  Already run it by one person, would like to run it by others.

If I were working for Nxt it'd be a different story but I don't want to just put the whole idea if I can get a bounty on it.  If I can proof this, is there a bounty on it?  Or you guys already have a work around in mind that could achieve this?

I proposed a randomization procedure a few days ago, here: https://bitcointalk.org/index.php?topic=345619.msg5838370#msg5838370
Is your solution similar?

[ShroomsKit_Disgrace]

I am not seeing the "big bosses" of NXT around the new forum...

Where are these marvelous discussions about AE, TF, AT....  

[Fatih87SK]

I am not seeing the "big bosses" of NXT around the new forum...

Where are these marvelous discussions about AE, TF, AT....  

We moved over here;

http://107.170.117.237/index.php

[wesleyh]

I am not seeing the "big bosses" of NXT around the new forum...

Where are these marvelous discussions about AE, TF, AT....  

We moved over here;

http://107.170.117.237/index.php

No need to use the ip any longer, http://nxtforum.org

[Damelon]

and i dont think we should move all the discussion to the new forum. As someone already pointed out, this thread alone is good advertisement for Nxt.

No reason to close it.
Just leave it open, so we still have a channel towards the community here
Why close down something that is both epic and useful?

[ChuckOne]

NXT is way to complicted for normal people, why not just have a normal system like bitcoin?

Why do you think so?

(1) Download Java
(2) Unzip to a folder (no installers or short cuts like usual window software)
(2) Click on bat files
(3) By default, the file uses java (instead of javaw) so you have running command prompt open -- that's not most people understand.
(3) Must create strong passwords; again a risky business for people used to using passwords like  "password1"

I wish Wesleh's client comes sooner -- maybe with next release. It's really needed and should be top priority.

I think she was referring to NXT itself. Not how to use it.

[eightspaces]

how u doing guys

[ChuckOne]

Again on this "true randomization" issue. In general, what amount of randomization is desirable, i.e., how often should it happen? If not very often (e.g., several times a day), then the real world will take care of this (because nodes go online and offline, money are transferred, etc.).

I agree. I wrote the following to CfB:

I do not think that is possible anymore. Preparing means you need to know 1440 blocks in advance which accounts you need. So, you need to build up the a whole forging graph of size http://www.wolframalpha.com/input/?i=28000%5E1440 (28000 accounts, 1440 blocks for effectiveBalance) [to get sure you cover all cases]. The leaves of that graph represent the entry points for the attacker's accounts. Then the attacker needs to create accounts at the right time to forge the next N blocks. That is like calculating the private key out of your public key.

If this is not enough, then the following procedure is possible. First X accounts (w.r.t. the inverse weights) choose some "random" numbers locally, and publish their hashes. X is supposed to be large enough so that the bad guy would never control exactly all of them. Then, they publish numbers themselves; if the published number does not correspond to the hash or is not published at all, then the corresponding account is heavily penalized. If that happens for at least one account, the whole procedure is invalidated (and we wait for the next try)..

The problem here still is: who belongs to X if one of X is offline and who decides that? It is the very same consensus finding problem that block generation tries to solve.

[brooklynbtc]

I've just been slaving away on hashrate.org for hours.

Please guys, please click these links and let me know what you think
http://hashrate.org
and http://nxtpool.net

I need some people to try and promote the site for me tomorrow.

replied here
http://nxtforum.org/nxt-promotion/(ann)-nxt-mining-pool/msg1620/#msg1620

[ChuckOne]

I've just been slaving away on hashrate.org for hours.

Please guys, please click these links and let me know what you think
http://hashrate.org
and http://nxtpool.net

I need some people to try and promote the site for me tomorrow.

Done.

[jztxeno]

still not closed, woot?

[opticalcarrier]

https://nxtforum.org now works

[ChuckOne]

https://nxtforum.org now works

Finally.

EDIT: paths in the URL return 404

[BloodyRookie]

Not really functioning:

The requested URL /news-and-announcements/ was not found on this server.

Aside from that, I think it not a good idea to abondom this thread.
This probably will result in a lower overall activity of the community.

[ChuckOne]

Not really functioning:

The requested URL /news-and-announcements/ was not found on this server.

Aside from that, I think it not a good idea to abondom this thread.
This probably will result in a lower overall activity of the community.

That might be true.

We should inform that bitcointalk users from time to time of our progress.

Newbies of the cryptocoin community will certainly go to bitcoin first. But when they do, they should know about NXT as well.

[wesleyh]

https://nxtforum.org had some issues when ssl was being implemented, and when I made it so that everyone has to use ssl, but that is all fixed now.

[msin]

https://nxtforum.org had some issues when ssl was being implemented, and when I made it so that everyone has to use ssl, but that is all fixed now.

Works great for me.

[S3MKi]

what's up guys? I wonder to know. Did Mintpal make refund for voting? https://support.mintpal.com/index.php?module=announce&sec=view&id=7

[msin]

what's up guys? I wonder to know. Did Mintpal make refund for voting? https://support.mintpal.com/index.php?module=announce&sec=view&id=7

Yes, the refunded everyone.

[opticalcarrier]

emule is anyone squatting your ID on the new forums?  wed love to have to continue your antics over there and if you need me to delete the account so you can recreate it let me know