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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756356 times)
CIYAM
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March 09, 2014, 01:03:45 PM
 #42361

How do you want to prevent people creating pools?

If you can't "allocate your forging rights" then basically you are trusting them with your NXG (we have that situation now with NXT but I don't see any huge pools yet).

It seems to me that the comprehension problem I have right now is why would anybody want a PoS coin not to be secured by TF.

Those who are in favour of "forging on low-end equipment" and who are anti-pools would likely not care for TF.

As stated I think it would be *an option* which could be switched either way.

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March 09, 2014, 01:06:00 PM
 #42362

I think I got it now.

What's with James idea of coins on top of Nxt?
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March 09, 2014, 01:06:37 PM
 #42363

is there any site/thread where i can go to see if there is any nxt related updates? iv missed a bomb of pages nw and dnt have time to go through it :/

http://www.nxtcoins.nl/50-2/ maybe.
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March 09, 2014, 01:08:09 PM
 #42364

I think NEM will be successfull
That's possible.

because of the large number of account holder. Nxt has around 200 people in the core community. If 10% is doing something for Nxt, that´s 20 people. If NEM has the tenfold of investors, they have more people to build things around NEM...
We'll see. There's no qualitative difference between Nxt and NEM distribution. Only difference in quantity. And my point is: there can't be qualitative difference at all. Any imaginable distribution'd be unfair in some point of view. It'd not be goal and distribution just don't worth the attention.

Dynamics still mean something though: dynamics of distribution of limited resource always'll be better than dynamics of distribution of unlimited resource (unlimited for someone, some group or for everyone). For example, US Dollar unlimited for some well-known guys  Wink

That´s why we would need the price of Nxt to go up, because that would draw in more investors. The stable price in this phase of Nxt is not a benefit.
Disagree. Price'd not be in attention zone neither. Market'll decide, regular high volumes'll stabilze. Only speculators'd care about the price.

For those who want Nxt to grow bigger (in aspects of adoption, amount of good code, volumes. liquidity and so on) right now and still've free time I've two words: become doers  Wink
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March 09, 2014, 01:13:29 PM
 #42365

is there any site/thread where i can go to see if there is any nxt related updates? iv missed a bomb of pages nw and dnt have time to go through it :/
you can choose Smiley

http://nxter.org/

Nxt news daily
http://paper.li/NxtCrypto/1393244031

http://nxtcurrency.tumblr.com/

http://info.nxtcrypto.org/

https://www.facebook.com/nxtcrypto

http://www.reddit.com/r/nxt/

http://www.nxtcoins.nl/50-2/

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
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March 09, 2014, 01:17:36 PM
 #42366

What's with James idea of coins on top of Nxt?

I think that parallel chains will provide a *neater* way of doing other "coins" in Nxt, however, having gateways to "outside" blockchains is also an important thing.

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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March 09, 2014, 01:22:26 PM
Last edit: March 09, 2014, 01:34:13 PM by CIYAM Open
 #42367

One idea (which I will not take credit for, only restating in this context) was that perhaps 'effectiveBalance' (ie: forging power == 'leased + owned NXT') could be capped to prevent large pools.

Yes I think that should be one of the "settings" for a parallel chain (and maybe we ought to think about having such a limit on the main chain also).

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
bitcoinpaul
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March 09, 2014, 01:22:35 PM
 #42368

What's with James idea of coins on top of Nxt?

I think that parallel chains will provide a *neater* way of doing other "coins" in Nxt, however, having gateways to "outside" blockchains is also an important thing.


I have a feeling that parallel chains are indeed better, but I'm no dev and just wanted to throw in his idea so we can keep track of everything related.
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March 09, 2014, 01:25:13 PM
 #42369

I think NEM will be successfull
That's possible.

because of the large number of account holder. Nxt has around 200 people in the core community. If 10% is doing something for Nxt, that´s 20 people. If NEM has the tenfold of investors, they have more people to build things around NEM...
We'll see. There's no qualitative difference between Nxt and NEM distribution. Only difference in quantity. And my point is: there can't be qualitative difference at all. Any imaginable distribution'd be unfair in some point of view. It'd not be goal and distribution just don't worth the attention.

Dynamics still mean something though: dynamics of distribution of limited resource always'll be better than dynamics of distribution of unlimited resource (unlimited for someone, some group or for everyone). For example, US Dollar unlimited for some well-known guys  Wink

That´s why we would need the price of Nxt to go up, because that would draw in more investors. The stable price in this phase of Nxt is not a benefit.
Disagree. Price'd not be in attention zone neither. Market'll decide, regular high volumes'll stabilze. Only speculators'd care about the price.

For those who want Nxt to grow bigger (in aspects of adoption, amount of good code, volumes. liquidity and so on) right now and still've free time I've two words: become doers  Wink

I tend to agree with ZeroTheGreat here. The problem with NXT is not about distribution. The real problem is the wrong incentive alignment. No one complains when Sergey and Larry control 50% of Google but when some 10million+ NXT stakeholder do really nothing people will complain and worse they will stop contributing.  BTW I don't think it is a dooming factor but some people do have to work extra hard to make up for these issues.


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bitcoinpaul
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March 09, 2014, 01:27:18 PM
 #42370

Where are we now:

- Main Chain as base for every other parallel chain
- Main chain also hight TPS with TF
- parallel chains with different options (PoS/PoW/hybrid, TF or not TF)
- as-good-as-it-can-get-decentralized gateways for trading other coins in Asset Exchange

Where do we put AE, AM, AT into this buffet of ideas?
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March 09, 2014, 01:33:38 PM
 #42371

Where do we put AE, AM, AT into this buffet of ideas?

Okay - unless we can work out some other way to do atomic cross-chain txs then I think AT will be required to be supported by all parallel chains.

I don't think parallel chains need to support AM or AE as to my thinking they are "just coins" but again that will be up to the community to decide.

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
bitcoinpaul
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March 09, 2014, 01:35:47 PM
 #42372

Where do we put AE, AM, AT into this buffet of ideas?

Okay - unless we can work out some other way to do atomic cross-chain txs then I think AT will be required to be supported by all parallel chains.

I don't think parallel chains need to support AM or AE as to my thinking they are "just coins" but again that will be up to the community to decide.


Or we decide if there are other options and let the community of the various parallel blockchains decide.
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March 09, 2014, 01:38:19 PM
 #42373

What's with James idea of coins on top of Nxt?

I think that parallel chains will provide a *neater* way of doing other "coins" in Nxt, however, having gateways to "outside" blockchains is also an important thing.


btw i thought james' coin idea is another thing and has nothing to do with the gateway Huh
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March 09, 2014, 01:43:06 PM
 #42374

Sorry I havent been paying attention to this, but how do I get to the admin, alias, and update screens in 0.8.X?

I see them in the /html/tools/ but I can't get them to open in the browser. I drag them to chrome but they arent connected to the web.

thoughts?

jef

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March 09, 2014, 01:45:33 PM
 #42375

http://127.0.0.1:7876/
CIYAM
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March 09, 2014, 01:45:44 PM
 #42376

btw i thought james' coin idea is another thing and has nothing to do with the gateway Huh

Perhaps that is the "nodecoin" that was mentioned before - am not really sure whether it will be relevant once we have parallel chains.

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

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March 09, 2014, 01:49:10 PM
 #42377

,

I tend to agree with ZeroTheGreat here. The problem with NXT is not about distribution. The real problem is the wrong incentive alignment. No one complains when Sergey and Larry control 50% of Google but when some 10million+ NXT stakeholder do really nothing people will complain and worse they will stop contributing.  BTW I don't think it is a dooming factor but some people do have to work extra hard to make up for these issues.

Make sense. It hard to believe a company can be successful if the top founders and shareholders are not actively and passionately involved in the business. Nxtcoins are the shares of the Nxt. They should be the leaders and guards of this movement/company simply because they have more stakes in it and care more. As Ricky mentioned the leadership committee, they could sit in that committee. BCNext has been the free dev for Nxt for so long. Now he left. The momentum might just right stop here.
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March 09, 2014, 01:56:30 PM
 #42378

Have question for 4747...888. Why do you forge?
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March 09, 2014, 01:57:06 PM
 #42379


Thanks, I stumbled upon that. Can we clear up why its in there?

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March 09, 2014, 01:59:13 PM
 #42380

btw i thought james' coin idea is another thing and has nothing to do with the gateway Huh

Perhaps that is the "nodecoin" that was mentioned before - am not really sure whether it will be relevant once we have parallel chains.


Ok, so you don't know how he implements these coins on top of Nxt. Well, JAMES. Wake up, tell us about it.

During this time 2 more things:

I.

1. Assumption: Our Nxt has TF, a good portion of TPS and everything is fine.
2. Now we add parallel chains with all the things we discussed so far to it. And people start building parallel chains.
3. What does this to our main chain? Technically speaking. What are the implications?

II.

Is related to 3: Please summarize what the technical benefits for our mainchain are by having parallel blockchains (besides the point that we can 'offload' features to other chains)
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