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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2752714 times)
OKNXT
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December 24, 2013, 09:07:18 AM
 #6641

Maybe the solution is this:

If you hallmark your node, you only communicate with hallmarked nodes and these hallmarked nodes are prioritized by balance.  A hallmarked node could change a setting to allow communication with non-hallmarked nodes if they believe they can handle the requests.  Maybe connections to non-hallmarked nodes could be throttled to 25% of your bandwidth.  The hallmark node could enter their in/out bandwidth manually.

If you do not hallmark your node, you communicate only with other non-hallmarked nodes and those hallmarked nodes which allow it.

pullThreshold and pushThreshold set to 1 will prevent communication with non-hallmarked nodes (for outbound requests).

If the large hallmarked accounts like Dgex's set their pullThreshold and pushThreshold to 100, do you think that would improve network stability?  The zombies would have to pay more to attack the network and therefore it would reduce zombie activity on the networks major nodes.

Will it work by increasing the parameter pullThreshold/pushThreshold to 100?

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December 24, 2013, 09:10:08 AM
 #6642

If the large hallmarked accounts like Dgex's set their pullThreshold and pushThreshold to 100, do you think that would improve network stability?  The zombies would have to pay more to attack the network and therefore it would reduce zombie activity on the networks major nodes.

Currently hallmark works only for outbound requests. If thresholds set to 100 then Dgex will send its transactions only to nodes with 100+ weight. It's faster but less reliable.
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December 24, 2013, 09:10:49 AM
 #6643

My public node worked well for several hours and didn't crashed down.

Run Nxt client with "java -Xms1200m -Xmx1500m -jar start.jar". The command parameters was given by a guy in the forum, but I don't know what it means. My node has 2G RAM.


Great,

those who get stuck nodes may try these settings:

if you have a node with 512 Mb RAM:
nohup java -Xms450m -Xmx480m -jar start.jar &

if you have a node with 1 GB RAM:
nohup java -Xms700m -Xmx900m -jar start.jar &

if you have a node with 2 GB RAM:
nohup java -Xms1200m -Xmx1500m -jar start.jar &
or
nohup java -Xms1500m -Xmx1800m -jar start.jar &


I updated my Setup public node and Restart stuck node guides in the signature.
landomata
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December 24, 2013, 09:13:04 AM
 #6644

Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD" Cheesy

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

Yes. Registering an asset means that u reserve its tag, like MSFT for Microsoft.

Will these tag be arbitrarily generated in the system and we bid for them....or we can generate any tags we wish?



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December 24, 2013, 09:14:14 AM
 #6645


I would feel better from currency where the coins are distributed fairly.

You can not have a fair distribution of a limited supply. Forget about it. People with more resources will ALWAYS get more of something they want. One way or the other. It's just the way it is. With everything in this world. Maybe Nxt could have initial funding last longer bringing it to more people but  competition is/was under way so I guess things were hurried. What is done is done.

If 1 billion Nxt was distributed freely to all guess what would happen? Few would get the most. If not on start then they would buy it cheap on exchanges.

One more very important thing to mention. People value more what they pay for.

No, I do not think so.

Bitcoin has advantage in this.

Even you are 5 years late to the start, you still can buy ASIC.

Why 73 people would give anyone else a substantial coins amount?

If you buy huge amount of NXT, you can try to forge, by this action you try to support them.
Allowing them to be richer.

But it is like allowing this 73 to be richer from air.

People like challenges, that it is why Bitcoin has success.

Just buying NXT in ASAP does not give so long challenge as playing with mining hardware.

It feels more like pyramid game.


How much would you need to shell out for ASIC today to mine anything in bitcoin? A lot. And then some guy with access to cheap new ASIC hardware will beat you before your expensive ASIC even gets in your hands.

Just these days coins are moving from original address: https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX.
That is 400.000 bitcoins. Mined with CPU only. My guess is he/she/they are moving to buy Nxt  Cheesy

Thank you for mentioning pyramid. They've been calling bitcoin a pyramid since start.

BTW. 25% of Nxt has already been traded and I think it is now impossible for distribution to stop because of hoarding.

 
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December 24, 2013, 09:15:11 AM
 #6646

This will smooth out the distribution process. By spring-summer time coins will be well distributed.

Let's just mix balances on the accounts? Or do a round-robin shift?

Just kidding.
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December 24, 2013, 09:16:43 AM
 #6647

Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD" Cheesy

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

Yes. Registering an asset means that u reserve its tag, like MSFT for Microsoft.

Does this mean there will only be one gateway for BTC on the decentralized exchange or will other issuers just have to use "BTC2", "BTC3", etc?

U can register assets "2K4Sbtc", "2K4Susd", "2K4Sslaves"...
2Kool4Skewl
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December 24, 2013, 09:19:09 AM
 #6648

@2Kool4Skewl,

please edit the first post as creator of the thread and say something about the need to create a public node if people want to use NXT. It's important to underline the significance of this to make sure NXT users set up the VPS node at the same time they buy their first NXTs, and the significance of the network and that NXTs aren't worth much without investing into infrastructure. Can link to my signature post on how to set up a VPS.

Done















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December 24, 2013, 09:19:19 AM
 #6649

Will it work by increasing the parameter pullThreshold/pushThreshold to 100?

This works for outbound requests only. Zombies force large outbound responses.
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December 24, 2013, 09:20:54 AM
 #6650

Will these tag be arbitrarily generated in the system and we bid for them....or we can generate any tags we wish?

The same as with Alias System. Good ole squatting.

Edit: Asset names limited to 3-10 chars only. So their number is much lower than number of aliases which can be up to 100 chars long.
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December 24, 2013, 09:21:07 AM
 #6651

Even you are 5 years late to the start, you still can buy ASIC.

Why 73 people would give anyone else a substantial coins amount?

If you buy huge amount of NXT, you can try to forge, by this action you try to support them.
Allowing them to be richer.

But it is like allowing this 73 to be richer from air.

People like challenges, that it is why Bitcoin has success.

Just buying NXT in ASAP does not give so long challenge as playing with mining hardware.

It feels more like pyramid game.

Even you are 5 years late to the start, you still can buy ASIC.
- Even you are 5 years late to the start, you still can buy NXT. difference is, when you buy an ASIC you will probably not make as many coins back as you paid for it Wink


Why 73 people would give anyone else a substantial coins amount?
- Because they want to buy a house, car, or support the network, or get more people involved in nxt? I can think of many reasons, selfish or altruistic.


If you buy huge amount of NXT, you can try to forge, by this action you try to support them. Allowing them to be richer.
- You're saying it's a bad thing to buy coins, because it makes the large stakeholders rich. But you said before that nxt is too centralized, and should be distributed (= stakeholder selling). This is contradictive.


But it is like allowing this 73 to be richer from air.
- Well, not from air, but from code Smiley They took a big risk on their investment, and it paid out because nxt is working!


Just buying NXT in ASAP does not give so long challenge as playing with mining hardware.
- And wasting a few megawatts in doing so.

(Please note that I'm not an early stakeholder)

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December 24, 2013, 09:23:08 AM
 #6652

Quote
23666      666666817378784428      24.12.2013 13:17:51   
2      0 + 2      296 B   
1      8967694001844294546      1875 %
- not so merry Christmas  ...

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, the Next platform.  Magis quam Moneta (More than a Coin)
2Kool4Skewl
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December 24, 2013, 09:23:34 AM
 #6653

Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD" Cheesy

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

Yes. Registering an asset means that u reserve its tag, like MSFT for Microsoft.

Does this mean there will only be one gateway for BTC on the decentralized exchange or will other issuers just have to use "BTC2", "BTC3", etc?

U can register assets "2K4Sbtc", "2K4Susd", "2K4Sslaves"...

lol

Ok, I understand.  Thanks for clarifying it.















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December 24, 2013, 09:24:44 AM
 #6654

Will these tag be arbitrarily generated in the system and we bid for them....or we can generate any tags we wish?

The same as with Alias System. Good ole squatting.

Edit: Asset names limited to 3-10 chars only. So their number is much lower than number of aliases which can be up to 100 chars long.

so if person A registered MSFT and person B registered Microsoft....they would both have microsoft

Bitventurer
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December 24, 2013, 09:25:28 AM
 #6655

I really like the NXT logo on dgex.com the best.


I will make a professional logo after the source code release... planing to pay 1k$ for it...
and no! that logo isnt the best.

SP8DE - The Game of Chance. Changed.
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December 24, 2013, 09:26:15 AM
 #6656

I have a feeling the asset registration will be even more competitive.















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December 24, 2013, 09:26:59 AM
 #6657

If the large hallmarked accounts like Dgex's set their pullThreshold and pushThreshold to 100, do you think that would improve network stability?  The zombies would have to pay more to attack the network and therefore it would reduce zombie activity on the networks major nodes.
I don't think our nodes are hallmarked, because I don't understand its implications / limitations and don't have the time to dig it out.

I read hallmarking decreases trustworthiness, that's a no-go as we need maximum security attainable in this very risky environment.

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December 24, 2013, 09:28:22 AM
 #6658

Will these tag be arbitrarily generated in the system and we bid for them....or we can generate any tags we wish?

The same as with Alias System. Good ole squatting.

Edit: Asset names limited to 3-10 chars only. So their number is much lower than number of aliases which can be up to 100 chars long.

so if person A registered MSFT and person B registered Microsoft....they would both have microsoft

Maybe, but not necessarily.  Person A would be able to issue and redeem an asset named "MSFT" and person B would be able to issue and redeem an asset named "Microsoft".  "MSFT" or "Microsoft" could both represent the same thing or different things.















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December 24, 2013, 09:31:58 AM
 #6659

Maybe, but not necessarily.  Person A would be able to issue and redeem an asset named "MSFT" and person B would be able to issue and redeem an asset named "Microsoft".  "MSFT" or "Microsoft" could both represent the same thing or different things.

Someone may register "Microsoft2" and state that it's better than "Microsoft".
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December 24, 2013, 09:32:17 AM
 #6660

If the large hallmarked accounts like Dgex's set their pullThreshold and pushThreshold to 100, do you think that would improve network stability?  The zombies would have to pay more to attack the network and therefore it would reduce zombie activity on the networks major nodes.
I don't think our nodes are hallmarked, because I don't understand its implications / limitations and don't have the time to dig it out.

I read hallmarking decreases trustworthiness, that's a no-go as we need maximum security attainable in this very risky environment.

I thought your node was hallmarked, but I guess not.  You would know if your node was hallmarked.  You have to manually setup your hallmark.

Hallmarking increases the "trustworthiness" of your node on the network.  "Trustworthiness" doesn't equal "security" though.  Trustworthiness means your node is prioritized by other nodes for communication.  Hallmarking does associate your IP with your account balance.















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