NXT :: descendant of Bitcoin - Updated Information

[allwelder]

Just to let you guys know that I will be "unwatching" the topic shortly.

It has certainly been an interesting ride but it has been made clear to me that "software engineering" is not wanted by those writing the software and therefore I feel that I have nothing more to contribute.

I wish you guys all the best.

hope come back asap,we will miss you.

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[allwelder]

Any suggestions about Parallel Chains? If not then I'll stick to BCNext's draft.

maximum parallel chains is ?
all parallel chains use the same Nxt Wallet?

According to BCNext all chains r secured by the same stake.

Got it,thank you.

[igmaca]

It Should be Observed That this probability does not outstretch to 0 (asm! 1) if the bad guy has at Least 1 = 3 of allactivebalances inthe network in the case of U-algorithm (corresondingly, At Least 1 = 2 in the case of exp-algorithm). There should exist some methods for speci c network against protectingthe Such an attack in the CASE WHEN there is risk that (active) relative balance of the bad guy theabove Could Become larger than threshold

it may be a good idea to limit the forging power of accounts by somexed  threshold,  e.g.,  if  an  account  has  more  than,  say,  300K  NXT,then it forges as if it had exactly 300K NXT. Of course, a rich guy cansplit his fortune between smaller accounts, but then all those accountswould forge roughly as one big account (without threshold) under Exp-algorithm.   One  can  one  use  the  computationally  easier  U-algorithmwithout having the drawbacks discussed in this section.

 

Yes... that is true...  but from a mathematical point of view we cannot calculate an optimal forging limit...  from what the author said...

so it must be a combination of things I suppose...  and it looks like you might be on the right track.

i agree

[igmaca]

I've completed the 1st draft of my article about forging from a probabilistic point of view: http://www.docdroid.net/9yub/forging.pdf.html

Comments, suggestions, (and donations ) are welcome!

Please, discuss it here: https://forums.nxtcrypto.org/viewtopic.php?f=17&t=836 (or send me a PM). Unfortunately, I won't be able to follow this thread in the next few days.

limit forging power 1/3 active balance.

this means you need to continuously monitor which is the total active balance everytime and limit forging power to 1/3 active balance maximun per account.

ok so you want to limit effectiveBalance to max value possible equal to 1/3 of balance.  I dont understand your last sentence at all.  What is the point of 1/3, why not 1/4?

limit forging power 1/3 active balance.

this means you need to continuously monitor which is the total active balance everytime and limit forging power to 1/3 active balance maximun per account.

this can be interesting as inlet will penalize large accounts for small.

You mean 1/3 of total active balance (i.e., of all accounts together)? Yes, this may be a good idea (not with 1/3, which is kind of critical, but, say, 0.1). I only  don't know if this is computationally costly...

[opticalcarrier]

I've completed the 1st draft of my article about forging from a probabilistic point of view: http://www.docdroid.net/9yub/forging.pdf.html

Comments, suggestions, (and donations ) are welcome!

Please, discuss it here: https://forums.nxtcrypto.org/viewtopic.php?f=17&t=836 (or send me a PM). Unfortunately, I won't be able to follow this thread in the next few days.

limit forging power 1/3 active balance.

this means you need to continuously monitor which is the total active balance everytime and limit forging power to 1/3 active balance maximun per account.

ok so you want to limit effectiveBalance to max value possible equal to 1/3 of balance.  I dont understand your last sentence at all.  What is the point of 1/3, why not 1/4?

limit forging power 1/3 active balance.

this means you need to continuously monitor which is the total active balance everytime and limit forging power to 1/3 active balance maximun per account.

this can be interesting as inlet will penalize large accounts for small.

You mean 1/3 of total active balance (i.e., of all accounts together)? Yes, this may be a good idea (not with 1/3, which is kind of critical, but, say, 0.1). I only  don't know if this is computationally costly...

I can read, but there is still something Im not getting from what you've recopied and pasted.  How do you propose to limit "1/3 of total active balance (i.e., of all accounts together)" thats impossible to sum up, at least decentralized.  Its just not possible for the network as a whole to know how much total NXt is forging.  even if it did, who do you cut out to get to 1/3.

Where do the numbers 1/3 and .1 come from.  I still dont understand the problem we are trying to solve here

[oldnbold]

This good enough for y'all?

I'm not sure but isn't this better;

"You will receive 1 NXT Fee once all assets have been sold"

Again. I'm not sure.

Yes, I was going to edit my post for this.

Future tense: You will recieve xNxt when all assets are sold.
Future perfect tense: You will have recieved xNxt when all assets are sold.  

Future perfect is for an action being completed in the future. I think you have it right but it does feel odd...

it makes the most sense to say "you will receive (x)NXT once all assets are sold"

i think there should be a ? for fee too.. stating "1nxt fee immediately is deducted from effective balance for all buy/sell orders"
just in case people think that it is taken after the sale/purchase is made..

when i first started trading i kept placing and canceling buy/sell orders.. on exchanges there is no fee to do that how ever there is on AE..

if people migrate to the AE and do the same they will end up wasting nxt for nothing and get frustrated when they realize they have thrown away 5,10,15 nxt for nothing.. its a stupid thing to have to include but i think it is needed for any newbies that start using the asset exchange. you need an idiot to make it idiot proof :L your welcome ha

I'm using the syntax suggested by another user:

"Once all assets have been sold, you will have recieved xNxt."

Also, about another question mark next to fee, I don't know about that.. What do others think? Can't clutter up the interface with question marks all over

At some point  tutorial guide will be included in the nxt client, which will guide you through all screens and show you what everything does. That should be good enough, right? Fees are used for every action in the system anyway.

my 2 cents' worth:

As each asset is sold you will receive [   ] NXT making a total of  [  ] NXT once all assets have been sold.

[newNEM]

Anyone knows the reason of NXT dropping so badly?

[ChuckOne]

Not native.

@ Native English people

Guys, I'm working on Digital Goods Store and need few words/phrases/terms for the following:

- To place goods for sale - offer/list
- Opposite to above (when u cancel selling this goods) - delist
- A comment that is left by a customer when they r (not) satisfied with the quality of purchased goods - review
- A tag that is used to describe goods to make it easier to find them (like "game", "online", "mmorpg" for online game codes) - keyword/tag
- A process of send goods to buyers (actually it's publishing encrypted text on the blockchain) - shipping

Further sources of inspiration: Amazon, Ebay etc.

**EDIT** I see, after catching up: irrelevant.

[ChuckOne]

I can read, but there is still something Im not getting from what you've recopied and pasted.  How do you propose to limit "1/3 of total active balance (i.e., of all accounts together)" thats impossible to sum up, at least decentralized.  Its just not possible for the network as a whole to know how much total NXt is forging.  even if it did, who do you cut out to get to 1/3.

Where do the numbers 1/3 and .1 come from.  I still dont understand the problem we are trying to solve here

There is no problem to solve.

The paper is an analysis of how many much NXT do you need to own to control the chain aka damage the NXT ecosystem because you control it.

[newNEM]

Anyone knows the reason of NXT dropping so badly?

my guess is the early adopters are trying to sell off as much as possible and spread out distribution before the price spikes after AE launch.. once the prices rises people wont be able to buy as much and will be harder to distribute Nxt.

haha, that is a good interpreting. BTW, what is AE? any link or info regarding this?

[redsn0w]

Did you want some TestNxt ?

[ShroomsKit_Disgrace]

is this "free-falling" of the price motivated by the "Sayonara Baby" of CYAM??

[opticalcarrier]

FORUMS.NXTCRYPTO.ORG users:

Adminius over there is btc24 here.  Seems to have just completely vanished, hit by a bus, something, whatever.  Last login on either site was end of January.  Not responding to any of my PMs on either site.  Im not sure as to how long his equipment is paid up for - what happens if 1 day its just shut off?  So do we wait for that day or do we try to do something now?

This extended absence coupled with the fact that we still have no email password recovery coupled with the fact that we still experience unknown reasons for logouts gives me reason to post here and ask the community what are the thoughts?  I will post this on the forums as a vote.
https://forums.nxtcrypto.org/viewtopic.php?f=49&t=865

If we want to migrate elsewhere, does anyone have any forums hosting they know we can use?  I can change the DNS A record for forums.nxtcrypto.org to be whatever IP address whenever it needs to change.

Community vote.  Or maybe btc24 comes back.

[Hegemon]

is this "free-falling" of the price motivated by the "Sayonara Baby" of CYAM??

here is why this monster thread is boring with people reading 1 page/10

[opticalcarrier]

Where do the numbers 1/3 and .1 come from.  I still dont understand the problem we are trying to solve here

https://forums.nxtcrypto.org/viewtopic.php?f=17&t=836

I read that earlier today.  did you read that?  it was arbitrary, no math behind it.

[wesleyh]

FORUMS.NXTCRYPTO.ORG users:

Adminius over there is btc24 here.  Seems to have just completely vanished, hit by a bus, something, whatever.  Last login on either site was end of January.  Not responding to any of my PMs on either site.  Im not sure as to how long his equipment is paid up for - what happens if 1 day its just shut off?  So do we wait for that day or do we try to do something now?

This extended absence coupled with the fact that we still have no email password recovery coupled with the fact that we still experience unknown reasons for logouts gives me reason to post here and ask the community what are the thoughts?  I will post this on the forums as a vote.
https://forums.nxtcrypto.org/viewtopic.php?f=49&t=865

If we want to migrate elsewhere, does anyone have any forums hosting they know we can use?  I can change the DNS A record for forums.nxtcrypto.org to be whatever IP address whenever it needs to change.

Community vote.  Or maybe btc24 comes back.

Make a new site, waited long enough. And next time, make sure there are at least 2 administrators so that this won't happen again.

[rdanneskjoldr]

Am i the only one waiting for a statement or something from the new committees??Not with their plans yet,but  at least saying they have agreed for a first meeting.

[bitcoinpaul]

FORUMS.NXTCRYPTO.ORG users:

Adminius over there is btc24 here.  Seems to have just completely vanished, hit by a bus, something, whatever.  Last login on either site was end of January.  Not responding to any of my PMs on either site.  Im not sure as to how long his equipment is paid up for - what happens if 1 day its just shut off?  So do we wait for that day or do we try to do something now?

This extended absence coupled with the fact that we still have no email password recovery coupled with the fact that we still experience unknown reasons for logouts gives me reason to post here and ask the community what are the thoughts?  I will post this on the forums as a vote.
https://forums.nxtcrypto.org/viewtopic.php?f=49&t=865

If we want to migrate elsewhere, does anyone have any forums hosting they know we can use?  I can change the DNS A record for forums.nxtcrypto.org to be whatever IP address whenever it needs to change.

Community vote.  Or maybe btc24 comes back.

+1

Now is the right time to migrate to a new board with a gui similar to bct. I think it is important to have only a real small number of sub boards, otherwise, ideas are cluttered all over the place and no one cares (like right now with nxtcrypto and nextcoin.org). Dev- and Marketing board should be sufficient for the start. That way, we could maybe get the whole pack to the new board.

Who's gonna do this?

[bidji29]

my 2 cents' worth:

As each asset is sold you will receive [   ] NXT making a total of  [  ] NXT once all assets have been sold.

+1

[wesleyh]

my 2 cents' worth:

As each asset is sold you will receive [   ] NXT making a total of  [  ] NXT once all assets have been sold.

+1

Sounds good. will implement.