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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761606 times)
L5Society
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March 24, 2014, 10:50:40 PM
 #48041

Guys, I figured it out.

Emule is the Dark Knight.

He brings us together by giving us a common enemy.  Cheesy
IveBeenBit
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March 24, 2014, 10:50:58 PM
 #48042

Is something wrong with testnet. Wesleyh client do not update blockchain.

We've got a thread for that! Report it here: http://107.170.117.237/index.php?topic=68.0

You may be noticing the same bug that I reported (in that thread).
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March 24, 2014, 10:58:38 PM
 #48043

Great.. Looks like the new forum is down. One of the reasons why this one could still serve as a backup maybe

Typical, I turn out the lights and not even 20 minutes later...... Cry
The new board is being kinda kicky right now, but it's obviously getting a lot of traffic (or maybe some DDOS joker). I'm having no problems posting and all, but am getting kicked occasionally.


maybe you can blame me Grin

LOL. Lights are on again over there, so it was a quick fix at least (or was it emule failure?)
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March 24, 2014, 11:01:35 PM
 #48044


   Total: Fee earned 701996 NXT   
6483973064837388393 has mined 163299 NXT.
The 2nd is     4747512364439223888    with 101830 NXT.
In the table below is the top "miners" and their cumulative NXT amount and cumulative percentages.


In the forum was yesterday a nxt balance distribution: top100 has 82.7%
https://bitcointalk.org/index.php?topic=345619.msg5034054#msg5034054
 
In mining/forging the distribution is worse: 4 accounts have mined 56.7%, 28 accounts have mined 90%, and 98 accounts 99% and 400 accounts 100%.



    Fee Earned       %                     TOP accounts
    cumulative  cumul.

   163163    23.2                6483973064837388393
   253458   36.1                4747512364439223888
   334469    47.6                12692935506199079028
   398066    56.7                9433259657262176905
   433008     61.7                2159498187382012684
   458350     65.3                2584657662098653454
   480373     68.4
   501797     71.5
   516684     73.6
   528616     75.3
   540357     77.0
   551740    78.6
   562741    80.2
   571905    81.5
   579116    82.5
   585703    83.4
   591579    84.3
   597233    85.1
   602481    85.8
   606923    86.5
   610916    87.0
   614900    87.6
   618815    88.2
   622026    88.6
   625180   89.1
   628267   89.5
   631337   89.9
   634377    90.4





Is that 6483973064837388393 some special account?
 it has had at maximum ~ 3 Million NXT, but it has earned fees almost double than those 50 Million's accounts.





Total: Fee earned 784334 NXT   :     82000 NXT more than in 11th Feb 
                                                      (is that increase possible? - otherwise some data error).


Cumulative % of
fee earned, starting from TOP1
        20.8
        34.3
        44.6
        53.4
        57.8
        61.9



TOP's share is smaller than earlier.
In mining/forging the distribution is now:
4 accounts have mined 53.4% (less than before),
28 accounts have mined 88% (less),
and 98 accounts 97.9% (less) and
590 (more) accounts has forged 100%   i.e. 590 accounts has got some fees.


Something has made the distribution "better" ...   Smiley



7th Mar 2014
Total: Fee earned  801279 NXT   :     16000 NXT more than in 20th Feb  
                                                    

Cumulative % of
fee earned, starting from TOP1
        20.4
        34.1
        44.2
        52.8
        57.2
        61.3


TOP's share is smaller than earlier.
In mining/forging the distribution is now:
4 accounts have mined 52.8 % (less than before),
28 accounts have mined 87.4 % (less),
and 98 accounts 97.7 % (less) and
658 (more) accounts has forged 100%   i.e. 658 accounts has got some fees.


So ... distribution is going on, but very slowly.



24th Mar 2014
Total: Fee earned  815599 NXT   :     14000 NXT more than in 7th Mar  
                                                    

Cumulative % of
fee earned, starting from TOP1
        20.0
        34.1
        44.0
        52.5
        56.8
        60.9


TOP's share is smaller than earlier.
In mining/forging the distribution is now:
4 accounts have mined 52.5 % (less than before),
28 accounts have mined 86.8 % (less),
and 98 accounts 97.2 % (less) and
718 (more) accounts has forged 100%   i.e. 718 accounts has got some fees.


So ... distribution is going on, but very slowly.   ( repeating myself Smiley )

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March 24, 2014, 11:05:08 PM
 #48045

http://i343.photobucket.com/albums/o453/jeffs99vulcan/Donkey/BatDonkey.jpg
Sebastien256
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March 24, 2014, 11:58:24 PM
 #48046

Nxt slogan poll:
http://nxtforum.org/index.php?topic=188.0
Enjoy.
Still trying to move user to the official forum.

Nxt official forum at: https://nxtforum.org/
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March 25, 2014, 12:05:37 AM
Last edit: March 25, 2014, 12:25:24 AM by salsacz
 #48047

Nxt Media coverage

Our Articles:
Anon136: Why NXT ought to be taken seriously / Chinese (为什么我们应该重视Nxt?) / Miramare's Chinese translation / Spanish / Russian

Come-from-Beyond: Transparent mining, or What makes Nxt a 2nd generation currency

Damelon: Why did I invest in Nxt

Ebereon: Howto Solar forging NXT with Raspberry PI + pictures

frmelin:
- How is Nxtcoin (NXT) Proof of Stake and Transparent Forging better than Proof of Work systems?
- Financial decentralization leads to financial freedom!
- NXT solution to payment terminal
- The more we decentralize, the better… Is it, really?
- NXT Solutions – financial decentralization

Jimmy2011: Nxt: the most decentralized crypto p2p currency

NxtMinnow:
- Open source cryptocurrency Nxt is now finishing testing Asset Exchange and was added on Cryptsy
- Nxt Lowers the Cost of Business
- Nxt: Warning and Invitation to Centralized Exchanges
- An Invitation To Universities and Academic Researchers
- Governance and Stake in Nxt Cryptocurrency Ecosystem
- Try the silky smooth Nxt Asset Exchange today!

Opticalcarrier: Whats NXT in the World of Cryptocurrencies? / Spanish / Chinese / Russian  / German / Dutch

Psybits: What is Nxt (press release)

Romyen: Why Market Capitalization is a bad Metric for Bitcoin

Salsacz:
- Where is Nxt from Original Stakeholders? | Dec 22, 2013 - when Nxt Aliases started
- 1. Nxt is not a scam, it wasn’t created by anonymous developers / Chinese
- 2. The unfair distribution of Nxt / Chinese
- What is Nxt community
- http://justpaste.it/nxt-introduction-4-journalists
- Decentralized internet and Nxt solutions (Chinese)
- (+ Damelon: ) Press Release: New Nxt Clients
- A letter for exchanges and shops sent to: https://i.imgur.com/36PESUM.jpg + http://imgur.com/0GIBHfl

Utopianfuture: What is the monetary value and future of the Nxt alias system? | First document of Nxt asset exchange


Theses:
Hassen Blasquess: What are the economic parameters of Nxt?

hughmanwho et Secondleo: Nxt Network: Energy and Cost Efficiency Analysis

mthcl: The math of Nxt forging

Nxt Crypto Review of Curve25519.java & Crypto.java: https://gist.github.com/doctorevil/9521116

Salsacz: Nxt Myths: What should we know about Nxt generation PoS cryptocurrency



Published articles:
Outperform Magazine
http://www.scribd.com/doc/214163135/Nxt-in-Outperform-Magazine
Bitcoin Magazine
http://bitcoinmagazine.com/9826/nxt-proof-stake-new-alternative-altcoin/
Coindesk:
http://www.coindesk.com/altcoin-nxt-listed-bter-exchange/
Cryptocoins news
http://www.cryptocoinsnews.com/2014/01/08/nxt-official-launch-nxt-generation-cryptocurrency-begins-now/
http://www.cryptocoinsnews.com/2014/01/17/whats-nxt-world-cryptocurrencies/
http://www.cryptocoinsnews.com/2014/02/14/nxt-crypto-coins/ (Russian: http://somewords.ru/next/nxt2.html
Crypto articles
http://www.cryptoarticles.com/crypto-news/2014/2/17/nxt-press-release-february-2014
DC Magnates:
http://www.dcmagnates.com/digital-currencies-2-0-meet-nxt-the-next-ripple/
http://www.dcmagnates.com/nextcoin-yet-another-alt-coin-doubles-in-value-this-weekend/ (Russian: https://cryptohabr.ru/analytics/2014/03/04/decentralizovannyy-internet-i-nxt-chast-1.html)
http://www.dcmagnates.com/the-next-crypto-to-rally-nextcoin-showing-bullish-signs/
http://www.dcmagnates.com/nxt-exchange-dgex-scraps-fees/
Cryptosource
http://cryptosource.org/what-is-nxt-community/
http://cryptosource.org/open-source-cryptocurrency-nxt-is-now-finishing-testing-asset-exchange-and-was-added-on-cryptsy/
Cryptologs
http://cryptologs.com/nxt-nxtcoin-cryptocurrency-altcoin-exchanges/
Others:
http://www.ofnumbers.com/2014/03/04/chapter-3-next-generation-platforms/
http://www.ibusinessstudio.eu/4/post/2014/01/fledgling-altcoin-nxt-now-listed-on-bter-exchange.html
http://btcgeek.com/buy-nxt-coin-nxt-exchanges/
http://bitcoinvista.com/2014/02/03/nxt-proof-of-stake-and-the-new-alternative-altcoin/
http://bitcoinviews.com/nxt-official-launch-nxt-generation-of-cryptocurrency-begins-now/
Androklis Polymenis Donates 1 Million NXT Coins to Brain Preservation Foundation
https://www.fightaging.org/archives/2014/03/cryptocurrency-donations-to-alcor-and-the-brain-preservation-foundation.php
http://www.newchainontheblock.com/what-is-nxt-and-why-it-is-different/
http://www.todayscryptocoin.com/Nxt/
http://cryptolife.net/in-depth-analysis-nxt/
http://www.cryptocoincharts.info/news/2014/nxt-exchanges/
http://www.newsfactor.com/news/NXT-Intros-Next-Gen-Cryptocurrency/story.xhtml?story_id=01300086TIHO
http://coinchomp.com/2013/12/22/seven-reasons-to-check-out-nextcoin/

https://en.wikipedia.org/wiki/Draft:NXT

Blogs
http://blog.gryfencryp.to/2014/03/17/nxt-coin/
http://breekmd.wordpress.com/2014/02/20/nxt-coin/

Czech
http://bitblog.cz/?p=779

German:
http://altcoinmarkt.de/?p=3537
http://www.spiegel.de/netzwelt/web/alternativen-zu-bitcoin-kryptowaehrungen-boomen-a-955763.html#spRedirectedFrom=www&referrrer=

Italian
http://www.tomshw.it/cont/news/nextcoin-promettente-criptovaluta-amica-dell-ambiente/53411/1.html
http://www.luca1012.com/nextcoin-nxt-promettente-non-fork-bitcoin/

Turkish
http://www.cointrends.org/2014/03/19/nxt-yeni-nesil-kripto-para-birimi-2-0/


Partially about Nxt:
http://www.ibtimes.co.uk/cryptocurrency-news-round-mt-gox-fire-sale-jamaica-bobsled-rides-again-1436715
http://e27.co/bummed-bitcoin-check-cryptocurrency-alternatives/
http://www.ft.com/intl/cms/s/0/fd3f9ad6-9a13-11e3-8232-00144feab7de.html?ftcamp=published_links/rss/personal-finance/feed//product#axzz2wvSzJ3Pa (picture: http://im.ft-static.com/content/images/c73d3758-9b22-11e3-946b-00144feab7de.img)
http://vint.sogeti.com/bitcoin-2-0-freedom/
http://www.dcmagnates.com/any-coins-resistant-to-malleability-attack-mastercoin-explains-how-it-is/
http://tpbit.blogspot.ca/2014/03/crypto-20-systems.html
http://p2pconnects.us/2014/03/16/experiments-in-cryptocurrency-sustainability-2/
http://letstalkbitcoin.com/experiments-in-cryptocurrency-sustainability/#.UzDKcfl5Oao
http://jaytaylormedia.com/5-cryptocurrencies-that-could-rival-bitcoin/
http://lfb.org/5-alternative-cryptocurrencies-that-could-one-day-rival-bitcoin/
http://alunacrypto.blogspot.cz/2013/12/a-new-wave-of-2nd-generation.html
http://www.heavy.com/tech/2014/01/top-best-cryptocurrency-coinmarketcap/
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March 25, 2014, 12:47:17 AM
 #48048

Does nexern works with his client?
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March 25, 2014, 01:24:28 AM
Last edit: March 25, 2014, 02:12:12 AM by mczarnek
 #48049

I figured out how to choose a random number deterministically within the decentralized Nxt network, where someone with 90% of the forging power as determined by proof of stake could only get lucky enough to manipulate this number 1 in a billion years at a rate of 1 block per minute.  It would only require 300 forgers online, we currently have more than this.  If we have get 500 forgers participating this number drops to someone with 90% of the forging power only getting lucky enough 1 in approximately 40 Octillion years.

And it scales nicely and it's fast, could easily be done. No proof of work required.  Could probably cut down how long you lock up funds and changes to forging power to 10 blocks, say 60 if you want to be safe. I'm telling you, it's big.  Already run it by one person, would like to run it by others.

If I were working for Nxt it'd be a different story but I don't want to just put the whole idea if I can get a bounty on it.  If I can proof this, is there a bounty on it?  Or you guys already have a work around in mind that could achieve this?

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March 25, 2014, 01:36:57 AM
 #48050

Great.. Looks like the new forum is down. One of the reasons why this one could still serve as a backup maybe

Typical, I turn out the lights and not even 20 minutes later...... Cry
The new board is being kinda kicky right now, but it's obviously getting a lot of traffic (or maybe some DDOS joker). I'm having no problems posting and all, but am getting kicked occasionally.


maybe you can blame me Grin

LOL. Lights are on again over there, so it was a quick fix at least (or was it emule failure?)

I believe they're working on implementing ssl.

/lights
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March 25, 2014, 02:00:42 AM
 #48051

Nxt corporate design? - view and discuss

http://107.170.117.237/index.php?topic=115.0

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March 25, 2014, 02:25:49 AM
 #48052

Does nexern works with his client?

I fear the bus is stalking him.

"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
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March 25, 2014, 02:33:43 AM
 #48053

I figured out how to choose a random number deterministically within the decentralized Nxt network, where someone with 90% of the forging power as determined by proof of stake could only get lucky enough to manipulate this number 1 in a billion years at a rate of 1 block per minute.  It would only require 300 forgers online, we currently have more than this.  If we have get 500 forgers participating this number drops to someone with 90% of the forging power only getting lucky enough 1 in approximately 40 Octillion years.

And it scales nicely and it's fast, could easily be done. No proof of work required.  Could probably cut down how long you lock up funds and changes to forging power to 10 blocks, say 60 if you want to be safe. I'm telling you, it's big.  Already run it by one person, would like to run it by others.

If I were working for Nxt it'd be a different story but I don't want to just put the whole idea if I can get a bounty on it.  If I can proof this, is there a bounty on it?  Or you guys already have a work around in mind that could achieve this?

maybe you should pm cfb or JL directly ?

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March 25, 2014, 04:25:57 AM
 #48054

I figured out how to choose a random number deterministically within the decentralized Nxt network, where someone with 90% of the forging power as determined by proof of stake could only get lucky enough to manipulate this number 1 in a billion years at a rate of 1 block per minute.  It would only require 300 forgers online, we currently have more than this.  If we have get 500 forgers participating this number drops to someone with 90% of the forging power only getting lucky enough 1 in approximately 40 Octillion years.

And it scales nicely and it's fast, could easily be done. No proof of work required.  Could probably cut down how long you lock up funds and changes to forging power to 10 blocks, say 60 if you want to be safe. I'm telling you, it's big.  Already run it by one person, would like to run it by others.

If I were working for Nxt it'd be a different story but I don't want to just put the whole idea if I can get a bounty on it.  If I can proof this, is there a bounty on it?  Or you guys already have a work around in mind that could achieve this?

maybe you should pm cfb or JL directly ?

Good idea.  Also it's a trustless solution, as long as a single peer is honest, it'll produce a truly random result.  And that 90% number is if he plays a couple tricks.  I think I've got all the attack vectors worked out.  Guys, buy Nxt.. it's the future.

I PMed them, we'll see what happens.  Can't wait to share it, and get people beating it up to see if they can find flaws.  Maybe behind the scenes first because unless I'm missing something, I'm convinced this is the holy grail that cryptos have been searching for when it comes to efficiency.

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March 25, 2014, 04:42:14 AM
 #48055

I figured out how to choose a random number deterministically within the decentralized Nxt network, where someone with 90% of the forging power as determined by proof of stake could only get lucky enough to manipulate this number 1 in a billion years at a rate of 1 block per minute.  It would only require 300 forgers online, we currently have more than this.  If we have get 500 forgers participating this number drops to someone with 90% of the forging power only getting lucky enough 1 in approximately 40 Octillion years.

And it scales nicely and it's fast, could easily be done. No proof of work required.  Could probably cut down how long you lock up funds and changes to forging power to 10 blocks, say 60 if you want to be safe. I'm telling you, it's big.  Already run it by one person, would like to run it by others.

If I were working for Nxt it'd be a different story but I don't want to just put the whole idea if I can get a bounty on it.  If I can proof this, is there a bounty on it?  Or you guys already have a work around in mind that could achieve this?

maybe you should pm cfb or JL directly ?

Good idea.  Also it's a trustless solution, as long as a single peer is honest, it'll produce a truly random result.  And that 90% number is if he plays a couple tricks.  I think I've got all the attack vectors worked out.  Guys, buy Nxt.. it's the future.

I PMed them, we'll see what happens.  Can't wait to share it, and get people beating it up to see if they can find flaws.  Maybe behind the scenes first because unless I'm missing something, I'm convinced this is the holy grail that cryptos have been searching for when it comes to efficiency.

Awesome, can't wait to check it out and if it's good, I expect a nice bounty.
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March 25, 2014, 05:48:38 AM
 #48056

Does nexern works with his client?
- you keep repeating the same question. There is such feature as reading the last posts of a person on this forum:

hi,
have been very busy the last 10 days with an important RL extended service request for a big data project
i have built for a company some times ago, so i haven't had the time to follow the thread and development.
as soon i am finished this service (this weekend) i am again on the client and asset exchange even if there
are some very nice clients already in use, since my client structure differs from the current ones.

ps: i have recieved three donations for the client work (165k nxt) which i would pass back, if i am not able
to deliver until end of month (never ever took funds for nothing and don't intend to change this).
just mentioned in case the current boring data work keeps me longer busy as expected.

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, the Next platform.  Magis quam Moneta (More than a Coin)
abctc
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March 25, 2014, 06:19:47 AM
 #48057

Quote
- it's a good news for Nxt's Asset Exchange.

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, the Next platform.  Magis quam Moneta (More than a Coin)
Emule
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March 25, 2014, 06:43:28 AM
 #48058



today is a good day to take out 0.00005, lets work on it
Emule
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March 25, 2014, 06:49:29 AM
 #48059



please stop dumping before me! let me do my job
Emule
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March 25, 2014, 06:55:29 AM
 #48060

Does nexern works with his client?

as i predicted nexern run of with the nxt and did not produce a client!

nexern is conicula 2
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