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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756366 times)
bitcoinpaul
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April 04, 2014, 11:28:31 AM
 #50081


Did you really quoted the whole post?

bitcoinpaul, is there something you want to confess?




 Wink just kiddin'
https://bitcointalk.org/index.php?topic=345619.msg6065100#msg6065100

 Grin
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salsacz
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April 04, 2014, 12:00:02 PM
 #50082

Whom will we send to Russia? http://bitcoinconf.ru Any Nxt dev living in Russia or Belarus? Register before 7 April to pay only 10k RUB  Cool

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
LiQio
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April 04, 2014, 12:05:38 PM
 #50083

third part about transparent mining goes here


Can't understand the meaning. Can anybody summarize with one to two sentences?


Summary
------------------------
- "Bitcoin sucks"

- Nxt is currently best, but he might make better stuff and he'll show his real identity at that time -> e.g. Hello I'm Come-from-Beyond and here is Cubic

- Community is key - whales move your lazy asses (oops, did I read this between the lines)

- Identity: BCnext is a sockpuppet created for NXT
"Don't try to find real identity of BCNext, he intentionally copied style and ideas of different people, if you think you found him then you are likely wrong" -> can only be translated to: he made mistakes while trying to hide paths and he might be exposed early - why write so much about it otherwise

"doesn't pretend that he possesses sacral knowledge" -> means that he's not a top-ranking politician

-----------------------

we should never forget: everything in Nxt is made on purpose (Quote: CfB)
Ola
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April 04, 2014, 12:23:01 PM
 #50084

Yes yes very understandable, but as far as you are concerned, aside from testing, bug fixes/ revisions you are done with primary implementation?

Yes
nice Smiley how did you manage to finish this in a month? or have you been working on it all along?

Nxter,Bitcoiner,Ether highlevel developer working to improve the world.
zorke
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April 04, 2014, 12:27:27 PM
 #50085

Guys can I use any special character for a password? And what is a maximal length of a password?

Thanks
apenzl
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April 04, 2014, 01:01:04 PM
 #50086


I am sure we had a Nxt forging pool,


http://www.nxtio.org

 Smiley

[EDIT] Nxtpool.net started as a forging pool. Now it's for miners.

instacalm
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April 04, 2014, 01:05:02 PM
 #50087

i do not have a real account Grin

That's not true. Your posting format/style and common mistakes have already revealed your real account.
I am not going to post names but it is pretty obvious, in my eyes at least. Grin

And hey, it's ok to have the opinions you have, but you could have posted with your real id in the first place. Nevermind...
yassin54
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April 04, 2014, 01:09:47 PM
 #50088


I am sure we had a Nxt forging pool,


http://www.nxtio.org

 Smiley

[EDIT] Nxtpool.net started as a forging pool. Now it's for miners.

I can not withdraw my nxt
The  Token is wrong.
BrianNowhere
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April 04, 2014, 02:31:15 PM
Last edit: April 04, 2014, 02:49:46 PM by BrianNowhere
 #50089

If there are say, 100,000 Nxt accounts, what percentage of them need to be running open clients for the system to be secure?
Is it 10% 20% 50% 75%? Does anyone even know? Nobody answers when I ask.
The only reason I've harped on the same question is because no one has given a satisfactory answer. In fact this is when the devs get very slippery and evasive and people start calling me a troll.

This question has been answered a million times. Since only big holders get to forge most often, only a few big holders are needed. They have self interest to not only forge, but be honest forgers, as anything bad and  dishonest (like double spending)  would hurt nxt credibility, which would result in killing their own investment. That's proof of stake at work.

I know this thread is very long, but this question has been answered multiple times.

Despite the long thread, he has been told this repeatedly. He just keeps posting the same thing over and over again, along with why ripple is better.


150 Nxt goes to the person who can show conclusively that I have been "told this repeatedly", before yesterday, when James finally answered me with a somewhat definitive answer (that still has no mathematical proof), here in these threads or anywhere else.
You get 200 Nxt if you can show C-F-B directly answering me regarding the above question.

The closest answer I got before yesterday was James telling me that for X amount of existing nodes X% / needs to be forging and that I should forge if I give a shit about the network. No other person has given me a straight, solid answer on this question before yesterday.

(I lplanned to ogged out permanently yesterday (can't seem to be able to delete the account) but saw this and had to issue the challenge to this bullshit charge) prove me wrong and prove Eadeqa right and win 150 to 200 Nxt.

NXT: 4957831430947123625
Fatih87SK
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April 04, 2014, 02:46:05 PM
 #50090

If there are say, 100,000 Nxt accounts, what percentage of them need to be running open clients for the system to be secure?
Is it 10% 20% 50% 75%? Does anyone even know? Nobody answers when I ask.
The only reason I've harped on the same question is because no one has given a satisfactory answer. In fact this is when the devs get very slippery and evasive and people start calling me a troll.

This question has been answered a million times. Since only big holders get to forge most often, only a few big holders are needed. They have self interest to not only forge, but be honest forgers, as anything bad and  dishonest (like double spending)  would hurt nxt credibility, which would result in killing their own investment. That's proof of stake at work.

I know this thread is very long, but this question has been answered multiple times.

Despite the long thread, he has been told this repeatedly. He just keeps posting the same thing over and over again, along with why ripple is better.


150 Nxt goes to the person who can show conclusively that I have been "told this repeatedly", before yesterday, when James finally answered me with a somewhat definitive answer (that still has no mathematical proof), here in these threads or anywhere else.
You get 200 Nxt if you can show C-F-B directly answering me regarding the above question.

The closest answer I got before yesterday was James telling me that for X amount of existing nodes X% needs to be forging and that I should forge if I give a shit about the network. No other person has given me a straight, solid answer on this question before yesterday.

(I lplanned to ogged out permanently yesterday (can't seem to be able to delete the account) but saw this and had to issue the challenge to this bullshit charge) prove me wrong and prove Eadeqa right and win 150 to 200 Nxt.


I give you 350 NXT if you leave us.

BrianNowhere
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April 04, 2014, 02:50:28 PM
 #50091

I give you 350 NXT if you leave us.

Deal. My Acct # is below.

NXT: 4957831430947123625
BrianNowhere
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April 04, 2014, 02:55:25 PM
 #50092

Here are the two best answers on the subject I received before yesterday. to the question: "Is there a mathematical known ratio regarding this? ie: For every 10 users 1 needs to be forging?"

to which i then went on to add: "If a significant number of users can keep their clients locked without it being a problem then I am satisfied. I would do it for free."

Two best answers before yesterday:

It depends on how much currency they control.  NXT is currently susceptible to 51% currency attacks because TF isn't fully implemented yet.  If someone is able to control 51% of the currency currently forging, they can attack NXT.


At any given time if X% of the stake is forging, then X/2% can do a 51% attack.
So yes, this is quite important
It is NOT about earning spam prevention fees
It is about securing the network

If you own NXT. FORGE.
Otherwise it is like letting a mining pool get 75% of the new blocks. Just asking for trouble.

Stop focusing on what fees you are earning or not. Start forging to protect the network. Every little bit counts

James

Offer stands to show where anyone else here has answered my question directly  and told me that the Nxt network will be secure with only large stakeholders forging.
It's a legitimate fucking question. C-F-B always seems to go very very quiet when I ask about this. Would love to get a statement from him.  


NXT: 4957831430947123625
bitcoinpaul
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April 04, 2014, 02:56:47 PM
 #50093

I give you 350 NXT if you leave us.

made me smile Cheesy
ChuckOne
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April 04, 2014, 03:06:16 PM
 #50094

Offer stands to show where anyone else here has answered my question directly  and told me that the Nxt network will be secure with only large stakeholders forging.

I will not search that too-long thread.

Nevertheless, I do not get your question. Could you paraphrase it?
msin
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April 04, 2014, 03:09:21 PM
 #50095

Here are the two best answers on the subject I received before yesterday. to the question: "Is there a mathematical known ratio regarding this? ie: For every 10 users 1 needs to be forging?"

to which i then went on to add: "If a significant number of users can keep their clients locked without it being a problem then I am satisfied. I would do it for free."

Two best answers before yesterday:

It depends on how much currency they control.  NXT is currently susceptible to 51% currency attacks because TF isn't fully implemented yet.  If someone is able to control 51% of the currency currently forging, they can attack NXT.


At any given time if X% of the stake is forging, then X/2% can do a 51% attack.
So yes, this is quite important
It is NOT about earning spam prevention fees
It is about securing the network

If you own NXT. FORGE.
Otherwise it is like letting a mining pool get 75% of the new blocks. Just asking for trouble.

Stop focusing on what fees you are earning or not. Start forging to protect the network. Every little bit counts

James

Offer stands to show where anyone else here has answered my question directly  and told me that the Nxt network will be secure with only large stakeholders forging.
It's a legitimate fucking question. C-F-B always seems to go very very quiet when I ask about this. Would love to get a statement from him.  



Just can't stay away, I'm starting to like you  Kiss

PS. CFB is orbiting the moon, staging our arrival, and there are certain parts of the day when he's on the dark side, and hence no one hears from him.
BrianNowhere
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April 04, 2014, 03:15:19 PM
 #50096

Offer stands to show where anyone else here has answered my question directly  and told me that the Nxt network will be secure with only large stakeholders forging.

I will not search that too-long thread.

Nevertheless, I do not get your question. Could you paraphrase it?

The question, which I think is important to have a mathematical answer to.

What ratio of existing accounts need to be running an open client for the network to be secure?

My concern is that since small stakeholders do not get NXT (not nodecoin) rewards for running an open client, what will happen
if most of these people lock their clients once Nxt gets widely distributed?

Hypothetical: What if all the Nxt in existence were divided equally amongst 2,000,000 accounts? where each would have 500 Nxt.
What if most of these people didn't open their clients? What would happen?  

According to James if more than a million people locked their clients nxt would be vulnerable. That is until transparent forging is implemented, at which point DDOS attacks to individual nodes becomes the new problem.

Seems the answer is to keep Nxt from getting too widely distributed. God bless the 1%

NXT: 4957831430947123625
BrianNowhere
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April 04, 2014, 03:17:30 PM
 #50097


PS. CFB is orbiting the moon, staging our arrival, and there are certain parts of the day when he's on the dark side, and hence no one hears from him.

He always seems to have time to answer Emule.

My latest theory. Emule = BCNext.

NXT: 4957831430947123625
Eadeqa
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April 04, 2014, 03:32:11 PM
 #50098

Offer stands to show where anyone else here has answered my question directly  and told me that the Nxt network will be secure with only large stakeholders forging.

I will not search that too-long thread.

Nevertheless, I do not get your question. Could you paraphrase it?

The question, which I think is important to have a mathematical answer to.

What ratio of existing accounts need to be running an open client for the network to be secure?


You were given the answer many times in this thread.  Look it up yourself. There is no definite percentage as accounts will continue to grow. All we need is that at least some big holders (with more than 300K nxt)  forge, as they get to forge almost all blocks anyway, they need to be honest with no shenanigans, and provide enough bandwidth. Since they have big investment, it's in their self interest to do that.

Nxt survives just by that.


NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
xlcus
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April 04, 2014, 03:35:28 PM
 #50099


I am sure we had a Nxt forging pool,


http://www.nxtio.org

 Smiley

[EDIT] Nxtpool.net started as a forging pool. Now it's for miners.

I can not withdraw my nxt
The  Token is wrong.

Just a bit curious about the NXT pool: how can the "miners" get their interests if only forging 1 NXT?
Daedelus
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April 04, 2014, 03:40:40 PM
 #50100

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