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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761531 times)
Coinonaer
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January 15, 2014, 07:54:29 AM
 #18121

just a reminder please support Nxt on Cryptsy. Register and click "Do you like this idea?"

https://cryptsy.freshdesk.com/support/discussions/topics/44434

I guess Cryptsy-support we have had more than enough within the last 3 weeks. Is not the main problem for adding Nxt to Cryptsy the not full available source code and the technical implemantation in general?
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pinarello
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January 15, 2014, 07:55:35 AM
 #18122

In terms of voting, I appreciate what you're trying to do with a 1 person == 1 vote, but... well... it just won't work.

I think it could but it does require a bit of "thinking outside of the box" - I could envision some sort of decentralised online *game* which you have to play in order to vote (you only get to vote when you finish the game).

If you limit the time window (and make the game something that might take an hour or so to complete) then I think you'd get close to 1 vote per person (you'll never get it 100% right).

It's really a question of whether a "democracy" is what is wanted or whether instead it should just be the largest stakeholders that make the decisions.

Maybe a better way is to simply *pay* for a vote - so if you want to vote 10K times it costs you 10K NXT (with the funds being used on whatever is being voted for I guess).


Yeah, I think in the end it's best if it's 1 Nxt - 1 Vote, keep it simple.

I hope you all know that exchanges and pools will have huge advantage in this.

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January 15, 2014, 07:58:09 AM
 #18123

Cross posted from: https://forums.nxtcrypto.org/viewtopic.php?f=2&t=530&p=2612#p2612

My thoughts on how to count votes.

Personally I think the most democratic way is 1 Account = 1 Vote, regardless of your wealth (amount of NXT). Sure someone could create multiple accounts to have more votes but since it costs NXT to send NXT to other accounts, you couldn't do this for long without going broke.

Imagine I have 10,000 NXT. I can't create 10,000 accounts. At most I could create 5,000. Since if I send 1NXT to 5,000 accounts it costs me 5,000 NXT in transaction fees just to do so. If I want those NXT all back in one account (to increase ability to forge) then I can create even less accounts since I will incur a transaction fee to send NXT from those dummy accounts back to my main account.

This can actually work well early on since it may help to distribute NXT even more.

Another way to prevent the creation of dummy voting accounts would be to have a rule that NXT must remain in an account for a certain number of blocks before a vote to be counted as a valid voting account. Or say for example if a vote comes up at block 45,000 for example, only accounts that have a balance as of block 45,000 are counted for voting.

I think the coolest part about the voting is that we can use the voting system to tweak the voting system as time goes on. We could come up with all sorts of complex algorithms in the future once we see what the NXT ecosystem looks like.

Any ideas?

Edit: Or maybe even, 1 Account = 1 Vote but it costs 1NXT per account to vote.



For some people it's not a problem to create 100 000 accounts just for voting. Also I hate the idea 1 person - 1 vote.

I was thinking of doing something like that:
1 Nxt - 1 Vote
100 Nxt - 100 Votes
1000 Nxt - 800 Votes
10 000 Nxt -7000 Votes
100 000 Nxt - 60 000 Votes
1 000 000 Nxt - 500 000 Votes
5 000 000 Nxt - 4 000 000 Votes
10 000 000 Nxt - 6 000 000 Votes


Is this possible:

1 vote = paying x% of owend coins

the fee will be devided between the x poorest accounts.

I have 1NXT fee for voting is 2% I pay 0.02NXT fee

I have 1,000,000 NXT I have to pay 20,000NXT

Pin


This will not stop a large holder from transferring 1 NXT to a large amount of accounts, then voting with those accounts to get around the fee. IMO 1 NXT = 1 vote is the simplest, least gamed method.

NXT: 13095091276527367030
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January 15, 2014, 07:59:57 AM
 #18124

bit777 asks about Nxt Daemon https://bitcointalk.org/index.php?topic=183798.new#new
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January 15, 2014, 08:00:56 AM
 #18125

Shit dgex down again...

Nxt:17482068461146780755
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January 15, 2014, 08:05:29 AM
 #18126

Shit dgex down again...

I just logged in...seems fine

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January 15, 2014, 08:11:49 AM
 #18127

I hope you all know that exchanges and pools will have huge advantage in this.

Pools having an advantage may not be a bad thing.  This is one to ponder.

As for exchanges: they will become less powerful once distributed exchange is implemented and everyone can be their own exchange.

"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
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January 15, 2014, 08:14:52 AM
Last edit: January 15, 2014, 09:30:28 AM by superresistant
 #18128


Ah thank you ! I was asking for help from devs but no one is moving.
If bit777 add Nxt this will be the biggest promotion ever.

EDIT : Guys, quickly please say how you are exited about bit777 willing to add Nxt :
https://bitcointalk.org/index.php?topic=183798.msg4522253#msg4522253
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January 15, 2014, 08:25:11 AM
 #18129

Shit dgex down again...

I just logged in...seems fine
Works for me too.
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January 15, 2014, 08:27:43 AM
 #18130


Yes, restored

Nxt:17482068461146780755
pinarello
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January 15, 2014, 08:29:58 AM
 #18131


Ah thank you ! I was asking for help from devs but no one is moving.
If bit777 add Nxt this will be the biggest promotion ever.


With what exactly can we help? what do you need?

Pin

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January 15, 2014, 08:32:52 AM
 #18132

Ah thank you ! I was asking for help from devs but no one is moving.
If bit777 add Nxt this will be the biggest promotion ever.
With what exactly can we help? what do you need?
Pin

Just helping him understand how the client work and how to implement it to his casino (considering the high traffic/transactions).
The Nxt client is very different from BitcoinQt.

pinarello
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January 15, 2014, 08:37:13 AM
 #18133

Ah thank you ! I was asking for help from devs but no one is moving.
If bit777 add Nxt this will be the biggest promotion ever.
With what exactly can we help? what do you need?
Pin

Just helping him understand how the client work and how to implement it to his casino (considering the high traffic/transactions).
The Nxt client is very different from BitcoinQt.



This is a main problem we see also appear with exchange, people dont know how to implement it in they environment. Can we have somebody other than core DEVs JL and CfB to help people with this?

who is willing to do this?

Pin

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January 15, 2014, 08:39:06 AM
 #18134


VOTING CLOSES IN 5 MINUTES

Voting for:

Reward Desktop clients:
https://bitcointalk.org/index.php?topic=414965.0

Reward Mobile apps:
https://bitcointalk.org/index.php?topic=414997.0

Pin


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January 15, 2014, 08:41:40 AM
 #18135

Voting is used for getting the opinion only.

I see.

So let's make 1 nxt = 1 vote and see what will happen.
markus1000
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January 15, 2014, 08:42:56 AM
 #18136

just a reminder please support Nxt on Cryptsy. Register and click "Do you like this idea?"

https://cryptsy.freshdesk.com/support/discussions/topics/44434

I guess Cryptsy-support we have had more than enough within the last 3 weeks. Is not the main problem for adding Nxt to Cryptsy the not full available source code and the technical implemantation in general?

are those rumors are or did the exchanges officially say so?
bitcoinpaul
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January 15, 2014, 08:48:57 AM
 #18137

I would like to apply to contest with my client as well.

.NXT (dotNXT)

Accounts view:


Unconfirmed transactions:


Blocks:


Peers:



Nice work. Simple GUI.

One suggestion: Eliminate the deadline-option in the "Send Money" form and put this option into general settings. Or at least make a drop down menu with common values (and one standard value).
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January 15, 2014, 08:51:31 AM
 #18138

Voting is used for getting the opinion only.

I see.

So let's make 1 nxt = 1 vote and see what will happen.

I agree...if voting is to get consensus then lets try 1 nxt = 1 vote

bitcoinpaul
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January 15, 2014, 08:54:47 AM
 #18139

Weird Quotation. Please correct Smiley
pinarello
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January 15, 2014, 08:56:54 AM
 #18140

CfB,

Community has voted rewards.

Category mobile apps:

1) olivier  (Iphone)       23 (43.4%)
2) yeuye000 (Android)       22 (41.5%)
3) lr127 (Android)       8 (15.1%)
   
Total Voters: 46

_____________________________________

Category desktop clients:

1) minusbalancer   - 17 (37.8%)
2) marcus03   - 15 (33.3%)
3) Baimangal   - 6 (13.3%)
3) wesleyh   - 6 (13.3%)
Ola   - 1 (2.2%)

Total Voters: 45


Pin

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