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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756303 times)
TwinWinNerD
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February 16, 2014, 05:36:28 PM
 #34341

Quote
This creates two classes of users and significantly reduces the percentage of the money supply used to secure the network.

Why? Here we see no explanation but just a statement of "fact" (or in other words "bullshit").

Quote
Additionally both of these systems suffer from the potential that a large stake holder could perform a denial of service attack by refusing to include some or all transactions.

They seem to have overlooked the "penalty" for not forging here.

you mis attributed some quotes to me.  Ive fixed them in this post, please fix in yours..
but a forger could accomplish the same thing by choosing to forge empty blocks; thus avoiding the penalty.  Its a fairly weak criticism, IMO.

But the criticism on only a few accounts being used to secure the network; is that valid?  Is it necessarily a bad thing for say only 100 accounts to be active forging 100% of the time, where those 100 accounts have, lets say 15% of all NXT?  Is that bad?  If so, how is is different by leasing out your effectiveBalance?  Does allowing those 100 accounts to forge with 50% of all NXT then change things?

I guess the argument is:

If 100% of NXT forge, then you need 91% of all NXT for a 91% attack.

If only 20% of NXT forge, then you need only 18.2% of all NXT for a 91% attack (that number assumes that only 1.8% of all NXT forge that you dont controll)
and so on

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CIYAM
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February 16, 2014, 05:40:33 PM
 #34342

but a forger could accomplish the same thing by choosing to forge empty blocks; thus avoiding the penalty.  Its a fairly weak criticism, IMO.

So if the forger forges a block with no txs what *exactly* is the problem?

Without some sort of mathematical proof I don't really see what we are talking about (and you could make the same point about PoW systems also as they could mine a block with 0 txs as has occurred many times before with Bitcoin).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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CIYAM
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February 16, 2014, 05:46:34 PM
 #34343

Let's say the forger can include 6 transaction, 3 have no fee, 3 have a fee included. He could just include the 3 transaction that generate some Nxt for him. That should be punished.

As far as I know you can't make a tx with zero fee in Nxt (am I wrong?).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
mthcl
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February 16, 2014, 05:46:47 PM
 #34344

Conference San Francisco in a month
http://www.coinsumm.it/
I am trying to get a speaker for discussion:
Quote
Decentralized Applications - the future of Bitcoin and virtual currencies?
VItalik Buterin, Ethereum.org, Anthony Di Iorio, Ethereum.org, Brock Pierce, Mastercoin Foundation
Moderated by Adam Levine, Let's talk Bitcoin

We really need someone to be there Smiley
I wrote them asking why there is no mention of NXT, and got this response:
**********************
From: Pamir Gelenbe, pamir@coinsumm.it

Hi ******,
Thanks for reaching out. We would love to have NXT involved. I met Piotr from the NXT community in Berlin last week. How can we get you guys involved?
Thanks!
Pamir
**********************
So it will be really good if someone goes there (it a pity I'm on another continent...)!
drsnuggles
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February 16, 2014, 05:47:28 PM
 #34345

Some test coins please: 10286067528061319850 Smiley
Sent 1K TestNxt Wink
Thanks, transferred some peanuts back Wink

Hmmz, can't transfer assets either. Just buy them. Sorry, no peanuts Cheesy.

salsacz
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February 16, 2014, 05:53:49 PM
 #34346

Conference San Francisco in a month
http://www.coinsumm.it/
I am trying to get a speaker for discussion:
Quote
Decentralized Applications - the future of Bitcoin and virtual currencies?
VItalik Buterin, Ethereum.org, Anthony Di Iorio, Ethereum.org, Brock Pierce, Mastercoin Foundation
Moderated by Adam Levine, Let's talk Bitcoin

We really need someone to be there Smiley
I wrote them asking why there is no mention of NXT, and got this response:
**********************
From: Pamir Gelenbe, pamir@coinsumm.it

Hi ******,
Thanks for reaching out. We would love to have NXT involved. I met Piotr from the NXT community in Berlin last week. How can we get you guys involved?
Thanks!
Pamir
**********************
So it will be really good if someone goes there (it a pity I'm on another continent...)!

Yeah, "Piotr" is me Cheesy So good news then. I actually sent email to Pamir before the conf when I was preparing for it. So yes, he mentioned this and invited us in Berlin to San Francisco

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
CIYAM
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February 16, 2014, 05:55:56 PM
 #34347

Yeah, "Piotr" is me Cheesy

Really?

In that case I think we have met in several topics before.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
mthcl
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February 16, 2014, 06:03:58 PM
 #34348

Conference San Francisco in a month
http://www.coinsumm.it/
I am trying to get a speaker for discussion:
Quote
Decentralized Applications - the future of Bitcoin and virtual currencies?
VItalik Buterin, Ethereum.org, Anthony Di Iorio, Ethereum.org, Brock Pierce, Mastercoin Foundation
Moderated by Adam Levine, Let's talk Bitcoin

We really need someone to be there Smiley
I wrote them asking why there is no mention of NXT, and got this response:
**********************
From: Pamir Gelenbe, pamir@coinsumm.it

Hi ******,
Thanks for reaching out. We would love to have NXT involved. I met Piotr from the NXT community in Berlin last week. How can we get you guys involved?
Thanks!
Pamir
**********************
So it will be really good if someone goes there (it a pity I'm on another continent...)!

Yeah, "Piotr" is me Cheesy So good news then. I actually sent email to Pamir before the conf when I was preparing for it. So yes, he mentioned this and invited us in Berlin to San Francisco

Nxt message from Pamir:
Quote
Great stuff. I would be happy to have one of you as a speaker.
We are also open for sponsorship if you guys want to make a big splash.
bitcoinpaul
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February 16, 2014, 06:04:22 PM
 #34349

Let's say the forger can include 6 transaction, 3 have no fee, 3 have a fee included. He could just include the 3 transaction that generate some Nxt for him. That should be punished.

As far as I know you can't make a tx with zero fee in Nxt (am I wrong?).


You are right. As long as we have no other tool to prevent spamming, there will always be fees.
brooklynbtc
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February 16, 2014, 06:04:54 PM
 #34350

Okay guys,

I have serious issues in my life right now, thus I'm offline until April!

- NXTarea.com will stay like it is right now.
- nxtion.com goes offline and links to NXTarea.com
- NXTvote.com goes offline and links to NXTarea.com
- NXT777.com is on pause and links to NXTarea.com
- NXTgates.com is on pause and links to NXTarea.com
- coinarea.net link to NXTarea.com

- tipNXT will stay online, because I don't have to take care of it. It will run on itself like it is right now. You can still use it.
- wallet.nxtarea.com:7874 will stay online, it's quite a hassle but the client runs smooth and I can take the 4 minutes every few days/weeks if a new client is there.


I can't work anymore on Nxtchg.com with jefdiesel, msin and voldemort.
I can't work anymore on nxt.org with BitVenturer.

I'm sorry guys!

I gave Damelon and TwinWinNerD full permission for everything for the subreddit /r/Nxt!

I will come back in April and if everything works fine I can submit far more time then.

I hope that you all will give everything to make Nxt a success! I'm looking forward to April and a hopefully 10x more valuable Nxt. Wink

Passion, Really sorry to hear about RL problems, Please let us know how we can help.
You really have done great work on all these projects, and The NXT community is very thankful to you for it.

We will do our best to get the price up high and add all kinds of features so your mind is blown when you come back!

SN
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google98
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February 16, 2014, 06:13:53 PM
 #34351

Okay guys,

I have serious issues in my life right now, thus I'm offline until April!

- NXTarea.com will stay like it is right now.
- nxtion.com goes offline and links to NXTarea.com
- NXTvote.com goes offline and links to NXTarea.com
- NXT777.com is on pause and links to NXTarea.com
- NXTgates.com is on pause and links to NXTarea.com
- coinarea.net link to NXTarea.com

- tipNXT will stay online, because I don't have to take care of it. It will run on itself like it is right now. You can still use it.
- wallet.nxtarea.com:7874 will stay online, it's quite a hassle but the client runs smooth and I can take the 4 minutes every few days/weeks if a new client is there.


I can't work anymore on Nxtchg.com with jefdiesel, msin and voldemort.
I can't work anymore on nxt.org with BitVenturer.

I'm sorry guys!

I gave Damelon and TwinWinNerD full permission for everything for the subreddit /r/Nxt!

I will come back in April and if everything works fine I can submit far more time then.

I hope that you all will give everything to make Nxt a success! I'm looking forward to April and a hopefully 10x more valuable Nxt. Wink

Passion, Really sorry to hear about RL problems, Please let us know how we can help.
You really have done great work on all these projects, and The NXT community is very thankful to you for it.

We will do our best to get the price up high and add all kinds of features so your mind is blown when you come back!

Any guesses what he mitht expect returning in april in terms of nxt price Smiley?

Damelon
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February 16, 2014, 06:15:56 PM
 #34352

Can some people chip in in this discussion here?

https://nextcoin.org/index.php/topic,4039.45/topicseen.html

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog
salsacz
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February 16, 2014, 06:32:32 PM
 #34353

Conference San Francisco in a month
http://www.coinsumm.it/
I am trying to get a speaker for discussion:
Quote
Decentralized Applications - the future of Bitcoin and virtual currencies?
VItalik Buterin, Ethereum.org, Anthony Di Iorio, Ethereum.org, Brock Pierce, Mastercoin Foundation
Moderated by Adam Levine, Let's talk Bitcoin

We really need someone to be there Smiley


I can go bar no one else. surely someone else is closer

Ricky is closer. But still, it is only 6 hours and $320 for both fly tickets from Atlanta Smiley Pamir also responded me few minutes ago "I would love to have NXT involved. Who do you have in mind as ambassador to send?".

They also offer sponsoring packages, but they are out of our leagues Cheesy

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
rriky92
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February 16, 2014, 06:32:41 PM
 #34354

@JL:
With 0.7.5 if i use
Code:
https://192.168.1.10:7875/nxt?requestType=startForging&secretPhrase=*****

i get
Code:
{"errorCode":5,"errorDescription":"Unknown account"}

The account i use to forge is in my signature and the node i use also in my signature
ebereon
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February 16, 2014, 07:34:57 PM
 #34355

Anyone got 0.7.5 successfully running on a RasPi?
Mine is crashing everytime because of memory issues.

I have RasPI running with 0.7.5. Starting with java -Xmx150m.... "Scanning Blockchain" take ~8-9 minutes. Opening acount works also, forging too.

So it should work with model A and B.

Code:
Every 1,0s: echo -n "cpu:\t$"; vcgencmd measure_temp; echo -n "arm:\t$"; vcgencmd measure_clock arm; echo -...  Sun Feb 16 20:21:39 2014

cpu:    $temp=49.8'C
arm:    $frequency(45)=250000000
core:   $frequency(1)=250000000
sdcard: $frequency(47)=250000000
core:   $volt=1.05V
ram:    $volt=1.13V

Resouces:
top - 20:21:40 up 11 min,  1 user,  load average: 0,41, 0,81, 0,60
Tasks:  73 total,   1 running,  72 sleeping,   0 stopped,   0 zombie
%Cpu(s):  3,9 us,  2,9 sy,  9,8 ni, 83,3 id,  0,0 wa,  0,0 hi,  0,0 si,  0,0 st
KiB Mem:    249244 total,   226288 used,    22956 free,     3420 buffers
KiB Swap:   102396 total,        0 used,   102396 free,    21020 cached

  PID USER      PR  NI  VIRT  RES  SHR S  %CPU %MEM    TIME+  COMMAND
 2328 pi        39  19  284m 177m 5328 S  10,7 72,9   8:00.08 java
 3066 pi        20   0  4540 1316 1028 R   4,9  0,5   0:00.12 top
    1 root      20   0  2144  712  608 S   0,0  0,3   0:02.42 init

Device:            tps    MB_read/s    MB_wrtn/s    MB_read    MB_wrtn
mmcblk0           0,00         0,00         0,00          0          0
sda               0,00         0,00         0,00          0          0

Last 10 lines of nxt.log:
[2014-02-16 20:10:55.663] "allowedBotHosts" = "127.0.0.1; localhost; 0:0:0:0:0:0:0:1; 192.168.1.20; 192.168.1.113;"
[2014-02-16 20:10:55.716] "blacklistingPeriod" = "300000"
[2014-02-16 20:10:55.719] "communicationLoggingMask" = "0"
[2014-02-16 20:10:55.818] "sendToPeersLimit" = "10"
[2014-02-16 20:10:55.952] DEBUG: Database cache size set to 74240 kB
[2014-02-16 20:11:06.485] Database is at level 15
[2014-02-16 20:11:06.586] Updated database is at level 15
[2014-02-16 20:11:06.853] Scanning blockchain...
[2014-02-16 20:18:48.795] ...Done
[2014-02-16 20:18:48.952] NRS 0.7.5 started successfully.

114M    /home/pi/nxt/nxt_db


Greets,
eb
wesleyh
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February 16, 2014, 07:45:16 PM
 #34356

Looks like someone was able to buy "Test" (capital letter) and another person was able to buy "test"? Not sure how that is possible..
Come-from-Beyond
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February 16, 2014, 07:47:27 PM
 #34357

Looks like someone was able to buy "Test" (capital letter) and another person was able to buy "test"? Not sure how that is possible..

Thx, I'll check this bug.
opticalcarrier
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February 16, 2014, 08:03:08 PM
 #34358

If anyone wanted to help with english proofreading for Nxt articles, let me know Smiley (we've got some guys already, but joefox isn't a robot Cheesy )

Ill hêlp out here
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February 16, 2014, 08:03:52 PM
 #34359

http://www.freechess.org/Events/NXT/ Started! good luck for players! Smiley
brooklynbtc
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February 16, 2014, 08:14:00 PM
 #34360

hey can i get some fresh texTNXT, mine are all old and yucky smelling

oh right

15265031083387211287

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