NXT :: descendant of Bitcoin - Updated Information

[EmoneyRu]

JL/CfB, do other peers extract IP from hallmark or they are just have flag "hallmarked or not"?
E.g. if I have NAT IP, should I hallmark my node?

[1714779375]

1714779375

[msin]

Who is currently working on the Decentralized Marketplace / Auction system?

I don't believe anyone, there were talks about using a torrent style system to distribute marketplace which could be loaded to client.  If you are interested in developing, there would be quite a large bounty available.

Indeed, i am interested. Have there been any discussions about that on public forums, if yes where?
Who has set a bounty for that?

Tech Committee should offer a bounty to Fry for a finished open-source Marketplace/Auction system, this would be first of it's kind.

[Emule]

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

  omg hilarious

i think there is not much to preserve in your head, if you donate to such causes.

[igmaca]

Well I have gone on record with numerical examples my arguments

You have not created a model with statistical analysis - so we just have your "arguments" which I am not really interested in trying to model (and underlining them or putting them in bold or bigger fonts is just annoying basically).

If you think your idea is somehow "better" then "back it up" with the statistical analysis please (and create some software to do so).

I'm not a developer.
I can not put my ideas into a program

ok, just trying to provide some possible improvements to the forging system

[msin]

How is going on the AE test? this is real markeeting, not speakers for freaks/geeks

who the fuck cares?

AE is not working that is why nobody talks about it.

Agreed (minus the vulgar language), we can market AE when it's finished with testing and we are happy with it.

[pinarello]

How is going on the AE test? this is real markeeting, not speakers for freaks/geeks

who the fuck cares?

AE is not working that is why nobody talks about it.

Agreed (minus the vulgar language), we can market AE when it's finished with testing and we are happy with it.

Is there anybody here that is testing the AE?

[lophie]

Lophie is selling 800k at 0.000082, This is the usual rush sale, PM ASAP.

[CIYAM]

I'm not a developer.
I can not put my ideas into a program

So I hope you can understand that this isn't actually really helping at this stage.

Maybe once we have a better understanding of what we have and what we are expecting to have when TF is completed we can decide if we want to change that and then model such an alternative.

Reasonable?

[bitcoinpaul]

Lophie is selling 800k at 0.000082, This is the usual rush sale, PM ASAP.

hodl your precious left overs!

[lophie]

Lophie is selling 800k at 0.000082, This is the usual rush sale, PM ASAP.

hodl your precious left overs!

 ALOT of money on other ventures, I will ride the next NXT bubble, But it is not happening today. since they are so precious why don't you uy them off my hands

[Come-from-Beyond]

Agreed (minus the vulgar language), we can market AE when it's finished with testing and we are happy with it.

Btw, who is really testing it? I got only a few bug reports.

I don't really need AE working (I'm not a trader and don't need to IPO anything), so I can wait till April. The community should focus on testing if it does need AE.

[wesleyh]

Agreed (minus the vulgar language), we can market AE when it's finished with testing and we are happy with it.

Btw, who is really testing it? I got only a few bug reports.

I don't really need AE working (I'm not a trader and don't need to IPO anything), so I can wait till April. The community should focus on testing if it does need AE.

well the fund bug is the only thing I found. Don't know of any other bugs.

[salsacz]

so I found the inventor of Nxt:
http://youtu.be/JP9-lAYngi4?t=20m30s
time: 20:38

[mthcl]

I've made some computations (with paper and pencil) for the situation when one rich guy has proportion p of all money, and the rest is well spread between many people, and here is the result:
https://www.wolframalpha.com/input/?i=plot+of+f%28p%29%3Dp%281-exp%28-%281-p%29%2Fp%29%29%2F%281-p%29++for+p\in+%280%2C1%29
This is for the current implementation (without logarithms); f(p) is the probability the the rich guy generates a block. As you see, it is biased, but only slightly. Indeed, as BCNxt intended, it is a little bit better to concentrate one's money in one account.

UPD. here it is:

[igmaca]

I'm not a developer.
I can not put my ideas into a program

So I hope you can understand that this isn't actually really helping at this stage.

Maybe once we have a better understanding of what we have and what we are expecting to have when TF is completed we can decide if we want to change that and then model such an alternative.

Reasonable?

Yes I understand you perfectly

It's just that when the inspiration comes I have to release it

sorry for my insistence that someone understand my arguments

 

[bitcoinpaul]

Lophie is selling 800k at 0.000082, This is the usual rush sale, PM ASAP.

hodl your precious left overs!

 ALOT of money on other ventures, I will ride the next NXT bubble, But it is not happening today. since they are so precious why don't you uy them off my hands

poor student.

[CIYAM]

https://www.wolframalpha.com/input/?i=plot+of+f%28p%29%3Dp%281-exp%28-%281-p%29%2Fp%29%29%2F%281-p%29++for+p\in+%280%2C1%29

Now this is the kind of thing that is *valuable* (more so than all the "suggestions" about different ways to do things).

I am grateful to @mthcl for actually "doing some math" for us and hope that he will be able to help us to analyse things further in order to make some "scientific decisions" (rather than "populist" ones).

EDIT: If some of the "whales" could spare some of their NXT then I would hope they would consider sending some his way.

[BloodyRookie]

Am pretty sure that whether you pick the "highest" or "lowest" is not relevant - so although not identical in coding it is statistically equivalent.

If you'd like to change it and try please post the results (especially if that percentages or "lucky runs" change much).

Right, I just calculated the probability and (at least for two accounts) it does not make a difference.

I should have looked into the calculation for more than 2 accounts.
It's just coincidence that the method doesn't matter for 2 accounts. If you take 3 or more accounts, it does matter of course.
Consider 100 accounts A1 to A100 with 1 nxt and 1 account B with 100 nxt.
If you calculate (rand() % 100) * balance for A1 to A100 it can't be greater than 99. So B will win in 99% of the cases.
The other way B will only win in about (e-1)/e cases which is about 63%.

It wasn't taking into account the idea that your "ticket number" actually "changes with time" (my updated version does that and produces very much the same as "log" results that the earlier version got without actually using "log").

The time in the nxt algorithm doesnt decide who will forge, just when he will forge the block.

[CIYAM]

It's just that when the inspiration comes I have to release it

I understand and your interest is appreciated - we just have to do this stuff "step by step" and most importantly "get it right".

Look at the situation with Mt. Gox at the moment - mistakes can have some rather hefty consequences (am glad that I am not Mark Karpeles).

[CIYAM]

The time in the nxt algorithm doesnt decide who will forge, just when he will forge the block.

That is *not* my current understanding (and why my updated model now seems to match the *real* stats).

You might want to check that (my initial model made that assumption and CfB pointed me to one that did what my one is now doing).

Again - feel free to change my algo and publish the new algo and results.

It is just a simulation - if you can make it *better* then that would be appreciated (it isn't easy to get the simulation to be even reasonably close to reality but it does still serve a purpose to at least look at "average" vs. "worst cases" in a purely statistical sense).