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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761525 times)
eB101
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December 22, 2013, 06:59:01 AM
 #4781

IF cfb advises against it then fine...

CFB is just a programmer and one of lesser stakeholders. Ppl should stop thinking that I'm an official spokesperson.

You are also our only connection to BCnext at this point: the next Satoshi's second. On this note, I take this opportunity to thank you for all your support here. I've been following the thread and discussions from the beginning without necessarily being active, and can only admire your patience and generosity to help. Please don't disappear after dev Smiley
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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opticalcarrier
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December 22, 2013, 07:01:18 AM
 #4782

IF cfb advises against it then fine...

CFB is just a programmer and one of lesser stakeholders. Ppl should stop thinking that I'm an official spokesperson.

You are also our only connection to BCnext at this point: the next Satoshi's second. On this note, I take this opportunity to thank you for all your support here. I've been following the thread and discussions from the beginning without necessarily being active, and can only admire your patience and generosity to help. Please don't disappear after dev Smiley

hell yeah dude I wanna party with CfB next year when our rocket hits the moon!  Im bringing vodka
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December 22, 2013, 07:06:13 AM
 #4783

 
IF cfb advises against it then fine...

CFB is just a programmer and one of lesser stakeholders. Ppl should stop thinking that I'm an official spokesperson.

You are also our only connection to BCnext at this point: the next Satoshi's second. On this note, I take this opportunity to thank you for all your support here. I've been following the thread and discussions from the beginning without necessarily being active, and can only admire your patience and generosity to help. Please don't disappear after dev Smiley

hell yeah dude I wanna party with CfB next year when our rocket hits the moon!  Im bringing vodka

 Cheesy

utopianfuture
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December 22, 2013, 07:06:32 AM
 #4784

What's optimal strategy to place the fee ? What's the equilibrium. 100 Nxt for anyone with an adequate solution.


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pinarello
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December 22, 2013, 07:09:59 AM
 #4785



60 minuts till

https://www.youtube.com/watch?v=5ycMhMM2UFs

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opticalcarrier
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December 22, 2013, 07:11:06 AM
 #4786

What's optimal strategy to place the fee ? What's the equilibrium. 100 Nxt for anyone with an adequate solution.

It has to be big enough to encourage lots of accounts forging (staying active for the health of the network)  It has to be small enough to promote usage.  I say flat .1% across the board
Come-from-Beyond
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December 22, 2013, 07:16:58 AM
 #4787

Also host#2 sees host#1 with a blue cloud, how on earth did that happen?

But your answer to #2.... does the "you can generate the next block in..." message end up having the same exact time on each host?  (I dont have access to 1 of them right now)  or is it possible that by doing this that I double my forging power? cause that would be FREAKING AWESOME

ETA:  im at host#2 right now, and I see host#1's IP in the "active peers" window but its got a red flag on it.  why is that?

Blue cloud means that node is in well-known peers list.

"You can generate the next block in..." message is exactly the same. U can't double ur forging power this way, sorry Smiley

Red flag means that last request to that node was unsuccessful (switch "logPeerCommunication" on to figure out why).
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December 22, 2013, 07:21:52 AM
 #4788

What's optimal strategy to place the fee ? What's the equilibrium. 100 Nxt for anyone with an adequate solution.

Watch [Unconfirmed transactions] widget and act accordingly.
eB101
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December 22, 2013, 07:23:59 AM
 #4789


hell yeah dude I wanna party with CfB next year when our rocket hits the moon!  Im bringing vodka


COUNT ME IN!  Oh lord, I haven't drunk in ages...  I am a bald male, don't get any ideas!!!   Grin

LOL, I'm in. If that ever happens I would host the party on my private island. More seriously, it would be nice to have a list of co-founders, not only from Genesis but all users before January 3rd. Just to check who deserves the Vodka..
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December 22, 2013, 07:25:11 AM
 #4790

If that ever happens I would host the party on my private island.

U still can buy that island for 1 NXT (have to sell ur premium domain though).

Edit: Just a thought, after block 22000 Nxt Alias System will be creating extra wealth out of thin air...
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December 22, 2013, 07:26:13 AM
 #4791


hell yeah dude I wanna party with CfB next year when our rocket hits the moon!  Im bringing vodka


COUNT ME IN!  Oh lord, I haven't drunk in ages...  I am a bald male, don't get any ideas!!!   Grin

shhhh bald.


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December 22, 2013, 07:32:35 AM
 #4792

I believe that if the network, client, etc. holds strong during the upcoming stress test, we might be looking at a 400-500% increase in NXT short-term valuation.  I hope that only initial investors are the ONLY ones selling at that point.  Fingers crossed!  Smiley


+1000 1st live stress test!  I am happy to be part of this movement...hope someone buys nexern, bcnext and cfb awesome christmas presents..wish I knew them and others

Edit: there is still so much to do, but at the moment thanks to all making this movement a reality.

Nxter,Bitcoiner,Ether highlevel developer working to improve the world.
eB101
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December 22, 2013, 07:33:11 AM
 #4793

If that ever happens I would host the party on my private island.

U still can buy that island for 1 NXT (have to sell ur premium domain though).

Edit: Just a thought, after block 22000 Nxt Alias System will be creating extra wealth out of thin air...

I can't wait - j'adore Next
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December 22, 2013, 07:37:14 AM
 #4794

+1000 1st live stress test!  I am happy to be part of this movement...hope someone buys bcnext and cfb awesome christmas presents..wish I knew them

I think zombies will help us, their number keeps increasing. I expect their master is smart enough to make them to rebroadcast all AS transactions over and over again. This is a good opportunity for App-level DDoS attack.
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December 22, 2013, 07:45:59 AM
 #4795

What value is everyone using for their deadline timeout?
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December 22, 2013, 07:48:23 AM
 #4796

What value is everyone using for their deadline timeout?

I can't register "Come-from-Beyond" so I won't take part in this show. But I would use 2 min if I had not much coins and 1440 for transactions with 100k fee.
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December 22, 2013, 07:51:12 AM
 #4797

What value is everyone using for their deadline timeout?

I can't register "Come-from-Beyond" so I won't take part in this show. But I would use 2 min if I had not much coins and 1440 for transactions with 100k fee.

i thought it was the reverse..

if you choose a big fee, the transaction will be processed first, so you only need a little deadline. You'll get the alias quicker
?

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December 22, 2013, 07:51:48 AM
 #4798

seems like theres all of a sudden a lot more blocks at a faster rate.  my guess is some people are forcing blocks via generating transactions to other accounts that they own.  I would do that to expedite this process except I wasnt an original founder that got tons of nxt, so I dont have as much forging power as lots have, and I need to keep as much NXT as I can for forging power.  Small chance but Id like to rake in some alias transaction fees!

Im sure I already used my luck up though, last week I scored a 700+ fee transaction.  Thats prob all the luck Ill get
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December 22, 2013, 07:53:46 AM
 #4799

What value is everyone using for their deadline timeout?

I can't register "Come-from-Beyond" so I won't take part in this show. But I would use 2 min if I had not much coins and 1440 for transactions with 100k fee.

i thought it was the reverse..

if you choose a big fee, the transaction will be processed first, so you only need a little deadline
?

I advise to use 2 min deadline coz if u see that most of transactions at ~100 NXT level then in 2 mins u can send another transaction with 150 NXT.
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December 22, 2013, 07:54:12 AM
 #4800

+1000 1st live stress test!  I am happy to be part of this movement...hope someone buys bcnext and cfb awesome christmas presents..wish I knew them

I think zombies will help us, their number keeps increasing. I expect their master is smart enough to make them to rebroadcast all AS transactions over and over again. This is a good opportunity for App-level DDoS attack.

for large transactions zombie node AS transaction rebroadcasts shouldn't be a problem right ?  I expect AS transactions with low transaction fees should be delayed hours or days if Zombies attack...someone get the shotgun!  

Seriously what can we do to counter zombies ? captcha or time access delay at client level?

Nxter,Bitcoiner,Ether highlevel developer working to improve the world.
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