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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761529 times)
CIYAM
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March 21, 2014, 05:42:11 PM
 #46761

So, it comes down to: do we need an x > 1 and what for do we need that?

Yup - that's it in a nutshell - the two reasons we might need that are:

1. To help prevent "flood attacks" (by making the flooder have to attack more than one IP address)

2. To help improve "randomness" so things like the "lottery" (and other similar things) are viewed as "statistically fair".

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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brooklynbtc
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March 21, 2014, 05:48:04 PM
 #46762

Well, I am lucky that my brain is quantum compatible.

What about yours?

After I started working on Nxt my IQ went from 680 to 830. I hope this will be enough.

FIFY

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Come-from-Beyond
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March 21, 2014, 05:49:00 PM
 #46763

After I started working on Nxt my IQ went from 680 to 830. I hope this will be enough.

FIFY

LOL
Anon136
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March 21, 2014, 05:52:12 PM
 #46764

there is 1 really solid solution that you arnt going to want to hear

What is it?

Let me guess, proof of work?

 Grin

we could just do 1 pow block every 24 hours and extend the active stake holding time out from 1 day to 3-7 days. (which it always should have been imo anyway). 1 pow block per day isnt that bad is it? and it would give us soooo much extra security for so little extra cost.

*edit* actually the holding time should be measured in POW blocks if we did something like this. say a holding period of 6 pow blocks for example would be SUPER secure.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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March 21, 2014, 05:54:56 PM
 #46765

Grin

we could just do 1 pow block every 24 hours and extend the active stake holding time out from 1 day to 3-7 days. (which it always should have been imo anyway). 1 pow block per day isnt that bad is it? and it would give us soooo much extra security.

Doesn't this ruin "transparency" of forging for blocks that r close to a moment when a PoW block to be generated?
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March 21, 2014, 05:58:57 PM
 #46766

Excuse me Gents, sorry to interrupt.... Embarrassed

CIYAM, you used the phrase "atomic cross chain transfers" earlier. Is that different to "atomic cross chain transactions"?


Just wanted to check, I am adding to the wiki Glossary and want it to be accurate (as possible).
Thanks Smiley
bitcoinpaul
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March 21, 2014, 06:00:42 PM
 #46767

But for now let's stick to Newton-like interpretation.

Boring.

Btw I found a picture of BCNext and CfB hanging out together. Don't know who is who, though...

CIYAM
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March 21, 2014, 06:02:12 PM
 #46768

CIYAM, you used the phrase "atomic cross chain transfers" earlier. Is that different to "atomic cross chain transactions"?

Hmm... maybe I screwed up - I was taking about the idea of being able to exchange "Assets" through an AT (vs. say moving currency between "parallel chains").

So forget the term "atomic cross chain transfers" (would just confuse).

Perhaps "atomic asset transfers" might be better?

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
Anon136
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March 21, 2014, 06:04:54 PM
 #46769

Grin

we could just do 1 pow block every 24 hours and extend the active stake holding time out from 1 day to 3-7 days. (which it always should have been imo anyway). 1 pow block per day isnt that bad is it? and it would give us soooo much extra security.

Doesn't this ruin "transparency" of forging for blocks that r close to a moment when a PoW block to be generated?

not necessarily. first you decide how many blocks into the future it is ideal for people to be able to predict. lets say 10 as an offhand example. once someone submits a valid pow block you could record it then but not have it effect the process of deduction until 10 blocks after its submission. so for example say it was submitted as block 100,000. you could make it so that that hashing this block isnt part of the generation sigature perramiter until block 100,010.

its actually a really really solid solution the only drawback is that everyone will say "na na na boo boo we told you so" Tongue

*edit* also i need to give credit to my uncle, it may actually be his idea, we arnt sure who thought of it first.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
Daedelus
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March 21, 2014, 06:08:17 PM
 #46770

CIYAM, you used the phrase "atomic cross chain transfers" earlier. Is that different to "atomic cross chain transactions"?

Hmm... maybe I screwed up - I was taking about the idea of being able to exchange "Assets" through an AT (vs. say moving currency between "parallel chains").

So forget the term "atomic cross chain transfers" (would just confuse).

Perhaps "atomic asset transfers" might be better?


The problem I see is people use Atomic CCT so it would need some kind of entry....

EDIT: Don't worry, not important right now, I'll sort something  Grin
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March 21, 2014, 06:09:14 PM
 #46771

my daughter just came in here naked and when i asked her why she was nudie she says "want pink shirt not blue shirt"...

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
CIYAM
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March 21, 2014, 06:10:52 PM
 #46772

The problem I see is people use Atomic CCT so it would need some kind of entry....

Sure - so the main point being that what I was talking about allows you to trade "one Asset for another" (in the Nxt system) and to do that "atomically" (through an AT).

Maybe "Atomic Asset Transfer" works better?

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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March 21, 2014, 06:12:19 PM
 #46773

my daughter just came in here naked and when i asked her why she was nudie she says "want pink shirt not blue shirt"...

I expected to hear something like "gimme NXT to buy shirt"...
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March 21, 2014, 06:12:41 PM
 #46774

The problem I see is people use Atomic CCT so it would need some kind of entry....

Sure - so the main point being that what I was talking about allows you to trade "one Asset for another" (in the Nxt system) and to do that "atomically" (through an AT).

Maybe "Atomic Asset Transfer" works better?


if you have really figured this out CIYAM than my hats off to you. im not even going to ask how it works because i already know that i wont be able to understand. that is several tiers of amazing above my head.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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March 21, 2014, 06:14:08 PM
 #46775

my daughter just came in here naked and when i asked her why she was nudie she says "want pink shirt not blue shirt"...

I expected to hear something like "gimme NXT to buy shirt"...

she has 1000 nxt in her money box. she doesnt know what it is. i put it on a bitcoin paper wallet and she just calls it q-car-code (her way of saying qrcode). but she knows its valuable, she keeps it safe and doesnt play with it. she gets that its money or something proximate.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
paradigmflux
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March 21, 2014, 06:15:32 PM
 #46776

Hey guys, http://hashrate.org has had a bit of a facelift.
Yesterday we paid out 0.008 BTC/MH/day equivilent in NXT - why mine anywhere else?

---
NXT Multipool! Mine Scrypt, SHA, Keccak or X11 for NXT! http://hashrate.org
http://hashrate.org/getting_started for port info!
CIYAM
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March 21, 2014, 06:15:40 PM
 #46777

if you have really figured this out CIYAM than my hats off to you. im not even going to ask how it works because i already know that i wont be able to understand. that is several tiers of amazing above my head.

We have "only begun to scratch the surface" of what will be possible with AT - it is really what will make Nxt a "platform". Smiley

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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March 21, 2014, 06:19:25 PM
 #46778

she has 1000 nxt in her money box. she doesnt know what it is. i put it on a bitcoin paper wallet and she just calls it q-car-code (her way of saying qrcode). but she knows its valuable, she keeps it safe and doesnt play with it. she gets that its money or something proximate.

IIRC she took part in most of ur interviews with Tai Zen, so she knows more than u think. Smiley
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March 21, 2014, 06:22:51 PM
 #46779

The problem I see is people use Atomic CCT so it would need some kind of entry....

Sure - so the main point being that what I was talking about allows you to trade "one Asset for another" (in the Nxt system) and to do that "atomically" (through an AT).

Maybe "Atomic Asset Transfer" works better?


I will draft something and post for scrutiny
ChuckOne
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☕ NXT-4BTE-8Y4K-CDS2-6TB82


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March 21, 2014, 06:25:51 PM
 #46780

The problem I see is people use Atomic CCT so it would need some kind of entry....

Sure - so the main point being that what I was talking about allows you to trade "one Asset for another" (in the Nxt system) and to do that "atomically" (through an AT).

Maybe "Atomic Asset Transfer" works better?


I will draft something and post for scrutiny

I think cross-chain trading would be the most accurate.

You do not transfer or transact from one chain to another but trade together.
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