NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

That is the missing transparency I was talking about one post earlier...

I see.

[Uniqueorn]

GUYS THEY ARE VOTING US DOWN...PLS VOTE ON REDDIT:

http://www.reddit.com/r/Futurology/comments/1z2f4p/cryptocurrency_enthusiast_donates_1_million_nxt/

I suspect someone (it only takes one) didn't read my instructions where I clearly specify that you must not make duplicant accounts to try to cheat the system as reddit detects it and turns your upvotes into downvotes.

There is absolutely no other explanation. There is no way that the majority of this community would ever downvote such a post at all.

From now on reddit swarms is off the table, people are incapable of following instructions.

[mcjavar]

I thought TF would be fully implemented by April.  What should we do to help?

Start with the analysis of the code that we already have and do some improvements to forging. For example, try to get how 90% defence would work (if it works at all).

I am not capable of this, as I am not smart enough, but am willing to donate to a fund to pay for someone (or a group of people) to do it.
Is anyone ready to manage this? I am working 60 hours a week (till Nxt´s price will reach $1) so I don´t have the time for this, but as I see, without this, all the marketing work (including the upvotes and the efforts to put Nxt on more exchanges) are useless.

I still would like to see a detailed roadmap of functions to get implemented till April.

I suggest to pay a for project manager to manage Nxt for the next 6 months to avoid double-spending resources and burning resources on functions that are not needed.

[salsacz]

Oh boy...  can you imagine the PANIC/EXCITEMENT that will ensue if BCNext decided to post in this thread?   

can you imagine his patience? he is logging in every day, tiredly reading probably most of the pages here, but still he doesn't want to influence anyone so he doesn't write here

[bitcoinpaul]

Is TF fully implemented?

It's not. And won't be implemented by April, so u should do something if u don't want to live with half-implemented TF.

wtf. you talk like we do and try nothing here

[landomata]

GUYS THEY ARE VOTING US DOWN...PLS VOTE ON REDDIT:

http://www.reddit.com/r/Futurology/comments/1z2f4p/cryptocurrency_enthusiast_donates_1_million_nxt/

I suspect someone (it only takes one) didn't read my instructions where I clearly specify that you must not make duplicant accounts to try to cheat the system as reddit detects it and turns your upvotes into downvotes.

There is absolutely no other explanation. There is no way that the majority of this community would ever downvote such a post at all.

From now on reddit swarms is off the table, people are incapable of following instructions.

Or it could be certain anti-Nxt persons don't want this to spread....my simple 2 nxt.

[bitcoinpaul]

So this is priority:

• get a curve/sign implementation audit and a crypto audit. guys, where are we with that?
• try to summarize all we know about TF and discuss how to make it better

[Come-from-Beyond]

wtf. you talk like we do and try nothing here

I see u do something but this is not enough. At least the outcome is miserable.

[mcjavar]

So this is priority:

• get a curve/sign implementation audit and a crypto audit. guys, where are we with that?
• try to summarize all we know about TF and discuss how to make it better

• finish the whitepaper

[CIYAM]

Okay - so with TF apparently an unknown quantity that may or may not appear in the future I am now prepared to make a recommendation of a different way that we could tackle preventing people "using what TF we have" in order to "game the system" (actually similar to something I had suggested earlier on before I did some analysis).

As I have been unable to work out a way to get better results by adding some sort of simulated "punishment" what is most relevant is that (my admittedly far from perfect) simulator showed that 6 small grouped accounts didn't manage to get more than 2 consecutive blocks over 10 years.

So how could we take advantage of this idea and at the same time stop the "whales from gaming"?

I think the simplest and probably most salable idea is our that the future will not be centralised.

Basically if we limit the effective forging *power* of any pool or individual to a maximum allowable percentage (regardless of actual NXT balance) then we will force people to split up their hoards into small chunks managed by separate pools.

[landomata]

So this is priority:

• get a curve/sign implementation audit and a crypto audit. guys, where are we with that?
• try to summarize all we know about TF and discuss how to make it better

• finish the whitepaper

Point 1 DEFINITELY needs to be finished ASAP.

Point 3 is linked to point 2 ...so Point 3 might take a few months to get finalized.

[mcjavar]

Okay - so with TF apparently an unknown quantity that may or may not appear in the future I am now prepared to make a recommendation of a different way that we could tackle preventing people "using what TF we have" in order to "game the system" (actually similar to something I had suggested earlier on before I did some analysis).

As I have been unable to work out a way to get better results by adding some sort of simulated "punishment" what is most relevant is that (my admittedly far from perfect) simulator showed that 6 small grouped accounts didn't manage to get more than 2 consecutive blocks over 10 years.

So how could we take advantage of this idea and at the same time stop the "whales from gaming"?

I think the simplest and probably most salable idea is our that the future will not be centralised.

Basically if we limit the effective forging *power* of any pool or individual to a maximum allowable percentage (regardless of actual NXT balance) then we will force people to split up their hoards into small chunks managed by separate pools.

CfB, or anyone else who knows how TF works: is this a solution? If not: Can we elaborate this further to get to a solution? What do we need to change for this to work?

[mcjavar]

So this is priority:

• get a curve/sign implementation audit and a crypto audit. guys, where are we with that?
• try to summarize all we know about TF and discuss how to make it better

• finish the whitepaper

Point 1 DEFINITELY needs to be finished ASAP.

Point 3 is linked to point 2 ...so Point 3 might take a few months to get finalized.[/list]

Is anyone working on the whitepaper?
What do we need in order to get it ready in 2 weeks?

[bitcoinpaul]

Imagine someone is going to do a "51%" attack against Nxt and he owns 90% of all coins. The adversary must stop generating blocks for legit branch coz he won't be able to compete against 100% mining power with his 90%. So he decides to "skip" his turn to generate a block. The rest 10% of the network detects this and penalizes the adversary by setting his mining power to 0 and distributing it among other miners. Now the network is back to 100% power coz everyone got 10-fold increase. The adversary can mine other branch in a secret place but it won't be able to replace the legit branch. Of course, the 2nd branch will have 100% "hashing" power tied to it as well, coz the attacker will get his 90% bumped to 100% but this can be counteracted by some mechanisms of advanced consensus (still not revealed).

Revealed yet?

[bitcoinpaul]

Okay - so with TF apparently an unknown quantity that may or may not appear in the future I am now prepared to make a recommendation of a different way that we could tackle preventing people "using what TF we have" in order to "game the system" (actually similar to something I had suggested earlier on before I did some analysis).

As I have been unable to work out a way to get better results by adding some sort of simulated "punishment" what is most relevant is that (my admittedly far from perfect) simulator showed that 6 small grouped accounts didn't manage to get more than 2 consecutive blocks over 10 years.

So how could we take advantage of this idea and at the same time stop the "whales from gaming"?

I think the simplest and probably most salable idea is our that the future will not be centralised.

Basically if we limit the effective forging *power* of any pool or individual to a maximum allowable percentage (regardless of actual NXT balance) then we will force people to split up their hoards into small chunks managed by separate pools.

So what do you suggest, something like using log or sqrt for forging power?

[bitcoinpaul]

So this is priority:

• get a curve/sign implementation audit and a crypto audit. guys, where are we with that?
• try to summarize all we know about TF and discuss how to make it better

• finish the whitepaper

Point 1 DEFINITELY needs to be finished ASAP.

Point 3 is linked to point 2 ...so Point 3 might take a few months to get finalized.[/list]

Is anyone working on the whitepaper?
What do we need in order to get it ready in 2 weeks?

Everyone should work on the whitepaper. But I think the vast majority didn't even read the current version.

[Come-from-Beyond]

Revealed yet?

No, but 2nd part of the plan contains a hint. Read about transparency.

[Eadeqa]

Basically if we limit the effective forging *power* of any pool or individual to a maximum allowable percentage (regardless of actual NXT balance) then we will force people to split up their hoards into small chunks managed by separate pools.

That's a good suggestion. Just put a max forging power limit for any one account.

[salsacz]

btw bioinformatics reddit with klee's donation is there too, probabyl with better people
http://www.reddit.com/r/bioinformatics/

[mikesbmw]

I wondered what happened to NXT on Mintpal...

Thought they were going to add it today.

Why is there no dedicated, knowledgeable, person in the next community who handles all this exchange stuff?
For all I care: pay that person a ongoing bounty to handle this!

i hope ive made it clear that any exchange can consult with me for free on NRS/NXT design/operation for integration into their exchange.

Okay, cool!