NXT :: descendant of Bitcoin - Updated Information

[ZeroTheGreat]

Why implement that kind power in first place?! I don't get it. As I see, it's really dangerous. What about "+"s? Not so much. We can create a poll in forum.

I like it. Let's use Voting System (just voting) to ask if we need this. And implement the rest only if we get 51%.

Strongly agree. First (and may be last) voting poll:

Should we turn this potential system of control off forever?

Only after that feature will be or gone, or fully opened.

[1715138794]

1715138794

[1715138794]

1715138794

[ZeroTheGreat]

Interesting. When I mentioned my concerns about this kind of voting system a few days ago, nobody seemed to care...

I may be missed that in 500+ topic.

[Come-from-Beyond]

So, when will Voting be implemented, after which block?
What is the plan for the next 2-3 features, which blocks are they introduced at?
Just to be ready, you know

I haven't seen Voting System code yet. We have Transparent Forging ready and now I'm digging thru Arbitrary Messages. Jean-Luc is reviewing version with TF. We'll know what block TF is activated on only after he completes this work.

[gbeirn]

Why implement that kind power in first place?! I don't get it. As I see, it's really dangerous. What about "+"s? Not so much. We can create a poll in forum.

I like it. Let's use Voting System (just voting) to ask if we need this. And implement the rest only if we get 51%.

Strongly agree. First (and may be last) voting poll:

Should we turn this potential system of control off forever?

Only after that feature will be or gone, or fully opened.

I Love it!

[landomata]

So, when will Voting be implemented, after which block?
What is the plan for the next 2-3 features, which blocks are they introduced at?
Just to be ready, you know

I haven't seen Voting System code yet. We have Transparent Forging ready and now I'm digging thru Arbitrary Messages. Jean-Luc is reviewing version with TF. We'll know what block TF is activated on only after he completes this work.

why do you call it Arbitrary messages?

[laowai80]

This is all so exciting. The more I ask questions and get answers, the more I see the bigger picture. Can't wait to have most important features implemented and with a nice GUI.

PS: registered a few more aliases today, turns out quite a few good ones are still left for grabbing.

[Come-from-Beyond]

why do you call it Arbitrary messages?

BCNext called it Arbitrary Messages coz format of this messages is not defined. They contain raw hex numbers and it's up to an application how to interpret them.

[ZeroTheGreat]

Why implement that kind power in first place?! I don't get it. As I see, it's really dangerous. What about "+"s? Not so much. We can create a poll in forum.

I like it. Let's use Voting System (just voting) to ask if we need this. And implement the rest only if we get 51%.

Strongly agree. First (and may be last) voting poll:

Should we turn this potential system of control off forever?

Only after that feature will be or gone, or fully opened.

I Love it!

We'll write history...

Anyway I still don't get why idea appeared in first place. It's real threat to decentralization. Genius manipulator'll create center for sure with such tool with time.

[Come-from-Beyond]

Come-from-Beyond to the rescue!  

https://bitcointalk.org/index.php?topic=391035.msg4209230#msg4209230

Nothing interesting on that thread. I already explained why all coins were created at once - https://bitcointalk.org/index.php?topic=364239.msg4206645#msg4206645

[Come-from-Beyond]

We'll write history...

We'll make history. The winner will write it.

[ZeroTheGreat]

We'll write history...

We'll make history. The winner will write it.

I mean any decision:
"We need potential system of control"
"We don't need potential system of control"
will be historic.

But still: why idea appeared? How many benefits it have to cloud THREAT TO DECENTRALIZATION? I suppose VS came from creator of Nxt, right? How does it connect?

[BitCoiner2012]

So when it claims I can generate the next block in 55 days, does that imply that's how long my coins need to sit to be Stake? What's my benefit to forge in the meantime? None?

[Come-from-Beyond]

But still: why idea appeared? How many benefits it have to cloud THREAT TO DECENTRALIZATION?

Nxt gives unlimited possibilities. I mentioned destruction of coins to catch attention of the community*. Unlimited possibilities is a double-edged blade, we can hurt ourselves.

------
* - actually this is the 2nd time, the 1st time was ignored.

[Come-from-Beyond]

So when it claims I can generate the next block in 55 days, does that imply that's how long my coins need to sit to be Stake? What's my benefit to forge in the meantime? None?

No. It shows ur current hit. After next block this will be changed. And then again and again, until u hit very close to 1 minute and then forge a block.

[ZeroTheGreat]

So when it claims I can generate the next block in 55 days, does that imply that's how long my coins need to sit to be Stake? What's my benefit to forge in the meantime? None?

Now ROI% of forging lies near 0. If activity'll grow, situation can change. At any moment u've chance to hit the target. "55 days" — estimated time. May be u'll never generate a block, may be u'll generate next 10k blocks in a row.

[BitCoiner2012]

So when it claims I can generate the next block in 55 days, does that imply that's how long my coins need to sit to be Stake? What's my benefit to forge in the meantime? None?

Now ROI% of forging lies near 0. If activity'll grow, situation can change. At any moment u'мy chance to hit the target. "55 days" — estimated time. May be u'll never generate a block, may be u'll generate next 10k blocks in a row.

Thanks to both of you.

[ZeroTheGreat]

Nxt gives unlimited possibilities.

Mind gives unlimited possibilities. And when I use any tool (my hands, my brain or Nxt) I wanna know what I'd expect from it. Is there benefits of VS against threat to decentralization? Or most of imaginable decisions gonna push us to some future center?

Anyone?

[ZeroTheGreat]

Unlimited possibilities is a double-edged blade, we can hurt ourselves.

Cryptos appeared ang continue to grow to make double-edged blade of authority go away. Why we need another blade to be built-in?

[Come-from-Beyond]

Why we need another blade to be built-in?

I think we don't. I'm just playing devil's advocate.

[ZeroTheGreat]

Why we need another blade to be built-in?

I think we don't. I'm just playing devil's advocate.

And why VS still exist and get mentioned? Who insist is stays? And why?!