NXT :: descendant of Bitcoin - Updated Information

[pinarello]

Greed could be the fatal flaw, if that 50M accounts persist to hoard we are all doomed, simply because that accounts don’t need a higher price to sell, they get rich anyway, no matter what the price is.

I really don't see it as a problem. Even if 500 million NXT don't move, the other 500 million would still be in circulation. That's more than enough. Bitcoin only has 12 million so far  and how many are in circulation? Very low number.

Hoarders can't "kill" nxt. If anything, hoarding pump prices up as less coins are in circulation.

the 500M NXT are always there and can start delute the market any time, investors do see such things.

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[CoinTropolis_JustaBitTime]

Androklis Polymenis (me) donates a million digital NXT coins to BPF! $43,000. Press release [PDF]: http://[Suspicious link removed]/t8tWY8

https://twitter.com/Lets_Upgrade/status/438525224368107520

Great job mate! You helped out a terrific cause and you promoted Nxt in the highest light!

This needs to be everywhere! Let's get the word out.

[pinarello]

buybuybuy

exactly

[klee]

Greed could be the fatal flaw, if that 50M accounts persist to hoard we are all doomed, simply because that accounts don’t need a higher price to sell, they get rich anyway, no matter what the price is.

I really don't see it as a problem. Even if 500 million NXT don't move, the other 500 million would still be in circulation. That's more than enough. Bitcoin only has 12 million so far  and how many are in circulation? Very low number.

Hoarders can't "kill" nxt. If anything, hoarding pump prices up as less coins are in circulation.

We are in war with Ethereum (for those who have not understood it yet).

We need them engaged!

[mcjavar]

Greed could be the fatal flaw, if that 50M accounts persist to hoard we are all doomed, simply because that accounts don’t need a higher price to sell, they get rich anyway, no matter what the price is.

I wish we could shot them accounts down coz they only make us look bad and people who own them are from the greediest people ever seen, they hurt nxt and will destroy it.

How rich do you want to be 1M, 10M, 50M, it’s just disgusting when you think of it.

Honestly: I couldn’t care less if NXT was worth 0, just for the fun them accounts have also 0.

Who knows, maybe a good clone will outlive NXT and them 50M accounts if they don’t start spreading the wealth.

Let's send some arbitrary messages to those accounts asking them to help out!

We already did. I think they dont even know how it works and they don't even give a damn how it works to.

Well...treat them like lostNxts (blackNxt, deadNxt or whatever they are called now).
Maybe the owner of the account already died. Or is on coma and doen´t care about it. I am pretty sure that they´d already sold some of them if they were alive

[CoinTropolis_JustaBitTime]

** Cryptsy Update **

I just heard back from Paul (met him at the Miami Bitcoin Conference), they are looking to implement Nxt in the next few weeks.

I talked with Big Vern @Skype and I introduced CfB to him - he said he will talk to Paul about it (to get help from CfB if needed).

Fantastic. I did a virtual introduction with all the different devs including CfB and Jean-Luc a few weeks ago as well... they have the resources, now it's just a matter of finding time to implement. Nxt keeps taking another step.

[pinarello]

Greed could be the fatal flaw, if that 50M accounts persist to hoard we are all doomed, simply because that accounts don’t need a higher price to sell, they get rich anyway, no matter what the price is.

I wish we could shot them accounts down coz they only make us look bad and people who own them are from the greediest people ever seen, they hurt nxt and will destroy it.

How rich do you want to be 1M, 10M, 50M, it’s just disgusting when you think of it.

Honestly: I couldn’t care less if NXT was worth 0, just for the fun them accounts have also 0.

Who knows, maybe a good clone will outlive NXT and them 50M accounts if they don’t start spreading the wealth.

Let's send some arbitrary messages to those accounts asking them to help out!

We already did. I think they dont even know how it works and they don't even give a damn how it works to.

Well...treat them like lostNxts (blackNxt, deadNxt or whatever they are called now).
Maybe the owner of the account already died. Or is on coma and doen´t care about it. I am pretty sure that they´d already sold some of them if they were alive

My fear is that some are second or third accounts and the whales dont even have the time to sell + there is not enough volume on the market to sell.

[allwelder]

Androklis Polymenis (me) donates a million digital NXT coins to BPF! $43,000. Press release [PDF]: http://goo.gl/t8tWY8

https://twitter.com/Lets_Upgrade/status/438525224368107520

wow,so generous.

[klee]

Greed could be the fatal flaw, if that 50M accounts persist to hoard we are all doomed, simply because that accounts don’t need a higher price to sell, they get rich anyway, no matter what the price is.

I wish we could shot them accounts down coz they only make us look bad and people who own them are from the greediest people ever seen, they hurt nxt and will destroy it.

How rich do you want to be 1M, 10M, 50M, it’s just disgusting when you think of it.

Honestly: I couldn’t care less if NXT was worth 0, just for the fun them accounts have also 0.

Who knows, maybe a good clone will outlive NXT and them 50M accounts if they don’t start spreading the wealth.

Let's send some arbitrary messages to those accounts asking them to help out!

We already did. I think they dont even know how it works and they don't even give a damn how it works to.

Well...treat them like lostNxts (blackNxt, deadNxt or whatever they are called now).
Maybe the owner of the account already died. Or is on coma and doen´t care about it. I am pretty sure that they´d already sold some of them if they were alive

My fear is that some are second or third accounts and the whales dont even have the time to sell + there is not enough volume on the market to sell.

They can start PMing people from here who are active and faithful to NXT and offer them bulk quantities in discount prices!

If I had 100M nxt I would probably do this for at least 20-30M nxt.

And no one needs to know it (to affect the market).

[CIYAM]

Okay - so I've tried to simulate the idea of "penalising" a node for *not* forging. Hopefully I've done something wrong because this simulation over 10 years did not look very good at all:

blocks = 5256000
a: 10
b: 10
c: 10
d: 10
e: 10
f: 50
wins( a ) = 515287
wins( b ) = 511740
wins( c ) = 511293
wins( d ) = 512904
wins( e ) = 508422
wins( f ) = 2696354
best_streak( a ) = 8
best_streak( b ) = 8
best_streak( c ) = 10
best_streak( d ) = 8
best_streak( e ) = 8
best_streak( f ) = 29
best_combined_streak = 7202

Code:

// Copyright (c) 2014 CIYAM Developers
//
// Distributed under the MIT/X11 software license, please refer to the file license.txt
// in the root project directory or http://www.opensource.org/licenses/mit-license.php.

#include <ctime>
#include <cmath>
#include <cstdlib>

#include <string>
#include <vector>
#include <sstream>
#include <iostream>

#define NUM_DAYS 1
#define NUM_YEARS 10

#define USE_PENALISING

//#define PREVENT_IMMEDIATE_REPEAT

//#define SHOW_WINNERS
//#define SHOW_WINNERS_WEIGHT

using namespace std;

#ifndef NUM_YEARS
const size_t c_num_blocks = 1440 * NUM_DAYS;
#else
const size_t c_num_blocks = 1440 * 365 * NUM_YEARS;
#endif

int main( )
{
#ifdef SHOW_WINNERS
   string winners;
#endif
   vector< int > wins;
   vector< int > streaks;
   vector< int > balances;
   vector< int > best_streak;

   vector< int > combined;
   vector< long > weights;

   int combined_streak = 0;
   int best_combined_streak = 0;

   balances.push_back( 10 );
   balances.push_back( 10 );
   balances.push_back( 10 );
   balances.push_back( 10 );
   balances.push_back( 10 );
   balances.push_back( 50 );

   srand( ( unsigned int )time( 0 ) );

   for( size_t i = 0; i < balances.size( ); i++ )
   {
      wins.push_back( 0 );
      weights.push_back( 0 );
      streaks.push_back( 0 );
      combined.push_back( 0 );
      best_streak.push_back( 0 );
   }

   size_t penalising = 0;
   size_t last_winner = 0;
   for( size_t blocks = 0; blocks < c_num_blocks; blocks++ )
   {
#ifdef USE_PENALISING
      if( blocks % 1440 == 0 )
         penalising = rand( ) % balances.size( );
#endif

      long total_weight = 0;
      for( size_t i = 0; i < weights.size( ); i++ )
      {
         int divisor = rand( ) % 10;

         if( divisor == 0 )
            ++divisor;

         weights[ i ] = ( rand( ) % 10000 ) * ( balances[ i ] / divisor );

#ifdef USE_PENALISING
         if( i == penalising )
            weights[ i ] = 0;
#endif

         total_weight += weights[ i ];
      }

      size_t winner = 0;
      size_t runner_up = 0;
      long best_target = 0;
#ifdef PREVENT_IMMEDIATE_REPEAT
      long second_best_target = 0;
#endif

      for( size_t i = 0; i < balances.size( ); i++ )
      {
         long adjusted_weight = weights[ i ] * 1000 / total_weight;

         if( adjusted_weight > best_target )
         {
            winner = i;
            best_target = adjusted_weight;
         }
#ifdef PREVENT_IMMEDIATE_REPEAT
         else if( adjusted_weight > second_best_target )
         {
            runner_up = i;
            second_best_target = adjusted_weight;
         }
#endif
      }

#ifdef PREVENT_IMMEDIATE_REPEAT
      if( winner == last_winner )
         winner = runner_up;
#endif

#ifdef SHOW_WINNERS
      winners += ( char )( 'a' + winner );
#  ifdef SHOW_WINNERS_WEIGHT
      ostringstream osstr;
      osstr << best_target;
      winners += "(" + osstr.str( ) + ")";
#  endif
#endif
      ++wins[ winner ];

      if( winner != balances.size( ) - 1 )
      {
         ++combined_streak;
         if( combined_streak > best_combined_streak )
            best_combined_streak = combined_streak;
      }
      else
         combined_streak = 0;

      if( winner == last_winner )
      {
         ++streaks[ winner ];
         if( streaks[ winner ] > best_streak[ winner ] )
            best_streak[ winner ] = streaks[ winner ];
      }
      else
         streaks[ winner ] = 0;

      last_winner = winner;
   }

   cout << "blocks = " << c_num_blocks << endl;

   for( size_t i = 0; i < balances.size( ); i++ )
      cout << ( char )( 'a' + i ) << ": " << balances[ i ] << endl;

#ifdef SHOW_WINNERS
   cout << winners << endl;
#endif
   for( size_t i = 0; i < wins.size( ); i++ )
      cout << "wins( " << ( char )( 'a' + i ) << " ) = " << wins[ i ] << endl;

   for( size_t i = 0; i < best_streak.size( ); i++ )
      cout << "best_streak( " << ( char )( 'a' + i ) << " ) = " << ( best_streak[ i ] + 1 ) << endl;

   cout << "best_combined_streak = " << best_combined_streak << endl;
}

[l8orre]

In properties ### PEER NETWORKING" try:

nxt.peerServerHost=0.0.0.0

### API SERVER###

nxt.apiServerHost=0.0.0.0
nxt.allowedBotHosts=*

### NRS USER INTERFACE ###

nxt.allowedUserHosts=*
nxt.uiServerHost=0.0.0.0

Not sure about PEER NETWORKING settings, but API and NRS should work.

YEEH ! THAT DOES IT!!

I had been kiting along that same ole' web.xml from the old 0.7x series, that I had forgotten the details. ... very much appreciated, Thanks!

[pinarello]

They can start PMing people from here who are active and faithful to NXT and offer them bulk quantities in discount prices!

If I had 100M nxt I would probably do this for at least 20-30M nxt.

And no one needs to know it (to affect the market).

+1

[bitcoinpaul]

And I would finally get some more Nxt. Would love it, because I missed november

[nxtsky]

Greed could be the fatal flaw, if that 50M accounts persist to hoard we are all doomed, simply because that accounts don’t need a higher price to sell, they get rich anyway, no matter what the price is.

I wish we could shot them accounts down coz they only make us look bad and people who own them are from the greediest people ever seen, they hurt nxt and will destroy it.

How rich do you want to be 1M, 10M, 50M, it’s just disgusting when you think of it.

Honestly: I couldn’t care less if NXT was worth 0, just for the fun them accounts have also 0.

Who knows, maybe a good clone will outlive NXT and them 50M accounts if they don’t start spreading the wealth.

Let's send some arbitrary messages to those accounts asking them to help out!

We already did. I think they dont even know how it works and they don't even give a damn how it works to.

Well...treat them like lostNxts (blackNxt, deadNxt or whatever they are called now).
Maybe the owner of the account already died. Or is on coma and doen´t care about it. I am pretty sure that they´d already sold some of them if they were alive

My fear is that some are second or third accounts and the whales dont even have the time to sell + there is not enough volume on the market to sell.

They can start PMing people from here who are active and faithful to NXT and offer them bulk quantities in discount prices!

If I had 100M nxt I would probably do this for at least 20-30M nxt.

And no one needs to know it (to affect the market).

+1
If the price up ,then down,  too many times, most of investors will lost their faith.

[pinarello]

** Cryptsy Update **

I just heard back from Paul (met him at the Miami Bitcoin Conference), they are looking to implement Nxt in the next few weeks.

NOW that would be great!

to daaaa moooooooooooooon

[antanst]

Hoarders can't "kill" nxt. If anything, hoarding pump prices up as less coins are in circulation.

...and hoarders also drop price down if they decide to dump anytime.

[martismartis]

In properties ### PEER NETWORKING" try:

nxt.peerServerHost=0.0.0.0

### API SERVER###

nxt.apiServerHost=0.0.0.0
nxt.allowedBotHosts=*

### NRS USER INTERFACE ###

nxt.allowedUserHosts=*
nxt.uiServerHost=0.0.0.0

Not sure about PEER NETWORKING settings, but API and NRS should work.

YEEH ! THAT DOES IT!!

I had been kiting along that same ole' web.xml from the old 0.7x series, that I had forgotten the details. ... very much appreciated, Thanks!

Cheers. More nodes, more safety in network

[klee]

Basically they would invest, not sale!

Active early adopters: Jean Luc, Graviton, 2kool4skewl?, lophie?, ...

? : Not sure if they are early adopters

[xyzzyx]

Androklis Polymenis (me) donates a million digital NXT coins to BPF! $43,000. Press release [PDF]: http://goo.gl/t8tWY8

https://twitter.com/Lets_Upgrade/status/438525224368107520

I, for one, welcome our weakly god-like intelligence post-human overlords.

[wesleyh]

Androklis Polymenis (me) donates a million digital NXT coins to BPF! $43,000. Press release [PDF]: http://goo.gl/t8tWY8

https://twitter.com/Lets_Upgrade/status/438525224368107520

I, for one, welcome our weakly god-like intelligence post-human overlords.

Klee, fantastic work!