NXT :: descendant of Bitcoin - Updated Information

[Daedelus]

Don't forget

www.nxtforum.org

Majority of development discussions are there.

Is this thread  no longer used?
Even the bitcointalk is not used forever?

Look up the dates and number of the recent posts on here and nxtforum for users: Come-from-beyond, jean-luc, Ciyam + 2 devs on his team, jl777, wesleyh, anon136, mtchcl, msin... all the techie people   (apologies if I missed anyone)  

And I am confident is will show that now probably <5% of tech discussion is here.

Come and join us  

[Daedelus]

Who are the tech/dev people on nextcoin.org?

[stdset]

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%.

The adversary only needs to compete against 100% - (his)90% = 10% mining power => the adversary does not need to stop generating blocks for the legit branch.
How this could be published on the official NXT website?

[roslinpl]

Don't forget

www.nxtforum.org

Majority of development discussions are there.

Indeed this is good forum for NXT fans and holders

I hope all NXT enthusiast will register over there too!

[Daedelus]

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%.

The adversary only needs to compete against 100% - (his)90% = 10% mining power => the adversary does not need to stop generating blocks for the legit branch.
How this could be published on the official NXT website?

It is taken from the discussion on transparent forging here  >>>> https://bitcointalk.org/index.php?topic=364218.0


It is based around the 90% forger getting penalised if he doesn't forge a block in turn. This is detected by the remaining 10% and the 90% has forging power reduced to 0. The 10% then effectively go to 100% of forgers and the dance continues.


Come-from-beyond is the one to ask if your current train of thought has not already been covered in that thread  


Or better still, post in the Transparent Forging technical subforum at https://nxtforum.org/transparent-forging-*/ for a pool of people to get eyes on it.

[Fatih87SK]

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%.

The adversary only needs to compete against 100% - (his)90% = 10% mining power => the adversary does not need to stop generating blocks for the legit branch.
How this could be published on the official NXT website?

It is taken from the discussion on transparent forging here  >>>> https://bitcointalk.org/index.php?topic=364218.0


It is based around the 90% forger getting penalised if he doesn't forge a block in turn. This is detected by the remaining 10% and the 90% has forging power reduced to 0. The 10% then effectively go to 100% of forgers and the dance continues.


Come-from-beyond is the one to ask if your current train of thought has not already been covered in that thread  


Or better still, post in the Transparent Forging technical subforum at https://nxtforum.org/transparent-forging-*/ for a pool of people to get eyes on it.

Can you explain in simple language what this penalty will cause? Who would get penalized and why? Etc.

Does this mean that NXT forgers with 50.000 NXT get more chance to forge for example?

[stdset]

It is based around the 90% forger getting penalised if he doesn't forge a block in turn. This is detected by the remaining 10% and the 90% has forging power reduced to 0. The 10% then effectively go to 100% of forgers and the dance continues.

This implies that even if the adversry skips forging only 11.1% of his blocks, he penalised so much, that his mining power reduces at least 9 times.

Edit: My last sentence is wrong. Having 90% of the coins, the adversary does not need to skip forging even a single block. Just orphan all their blocks, that's it.

[Daedelus]

It is based around the 90% forger getting penalised if he doesn't forge a block in turn. This is detected by the remaining 10% and the 90% has forging power reduced to 0. The 10% then effectively go to 100% of forgers and the dance continues.

This implies that even if the adversry skips forging 11.1% of his blocks, he penalised so much, that his mining power reduces at least 9 times.

The penalty is planned to last for only 1440 blocks (which will be 24 hours once fully implemented) then forging power returns. If the 90% miss the block the next time it is their turn, the same thing happens. The penalty isn't permanent or cumulative.


I don't want to get into a detailed discussion as I am not the right person to answer as I will put my foot in my mouth and CIYAM or CfB will come and give me a rap on the knuckles for it (probably smaragda actually, and it will be a kick in the teeth  he can have a temper  )


The link above is your best bet 


N.B. it is nice to have someone with genuine interest and concern that are interested in discussion and not getting hysterical 

[Daedelus]

It is based around the 90% forger getting penalised if he doesn't forge a block in turn. This is detected by the remaining 10% and the 90% has forging power reduced to 0. The 10% then effectively go to 100% of forgers and the dance continues.

This implies that even if the adversry skips forging only 11.1% of his blocks, he penalised so much, that his mining power reduces at least 9 times.

Edit: My last sentence is wrong. Having 90% of the coins, the adversary does not need to skip forging even a single block. Just orphan all their blocks, that's it.

You sound like a perfect candidate for the Transparent Forging tech subforum  



I'll try and get someone from the active discussions to come over and answer your questions...


Edit: Request made here > https://nxtforum.org/transparent-forging-*/rigging-the-forging-lottery/msg7410/#msg7410  

[Tai Zen]

For people who are new to NXT.  The NXT thread has been moved over to NXTForum.org.  Please join the rest of the community over there.

In order for NXT to succeed it needs to have it's own home and move out from under the shadows of BTC.

Enjoy.

Tai Zen

[Blocktree]

SPECIAL NICE OFFER FROM LOPHIE!!!

1'550'000.00NXT AVAILABLE FOR SALE AT 0.00005BTC EACH

10 BTC MINIMUM Buy

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NXT is being dump,being dead

NXT must be soooo dead. Since 2013 because Lophie is dumping since then!

not just Lophie, NXT is being dump from all bigstakers.

Do you honestly WANT them to hold, so that the distribution NEVER improves?

so,this will explain why NXT is being dead,boc of the shit unfair distribution .

[msin]

SPECIAL NICE OFFER FROM LOPHIE!!!

1'550'000.00NXT AVAILABLE FOR SALE AT 0.00005BTC EACH

10 BTC MINIMUM Buy

PM ME NOW

NXT is being dump,being dead

NXT must be soooo dead. Since 2013 because Lophie is dumping since then!

not just Lophie, NXT is being dump from all bigstakers.

Do you honestly WANT them to hold, so that the distribution NEVER improves?

so,this will explain why NXT is being dead,boc of the shit unfair distribution .

This guy is a master.  Just when you think you have addressed his concern, he flips the world back on you.  I'm in awe. 

If life was fair, crypto wouldn't exist.

[Voluntold]

SPECIAL NICE OFFER FROM LOPHIE!!!

1'550'000.00NXT AVAILABLE FOR SALE AT 0.00005BTC EACH

10 BTC MINIMUM Buy

PM ME NOW

NXT is being dump,being dead

NXT must be soooo dead. Since 2013 because Lophie is dumping since then!

not just Lophie, NXT is being dump from all bigstakers.

Do you honestly WANT them to hold, so that the distribution NEVER improves?

so,this will explain why NXT is being dead,boc of the shit unfair distribution .

OH snap!  Here's a link to my recent post in the Nxtforum regarding distribution.  Have a read, and then a rebuttal if you like 

https://nxtforum.org/general-discussion/so-what-do-we-see-here/20/

[TwinWinNerD]

SPECIAL NICE OFFER FROM LOPHIE!!!

1'550'000.00NXT AVAILABLE FOR SALE AT 0.00005BTC EACH

10 BTC MINIMUM Buy

PM ME NOW

NXT is being dump,being dead

NXT must be soooo dead. Since 2013 because Lophie is dumping since then!

not just Lophie, NXT is being dump from all bigstakers.

Do you honestly WANT them to hold, so that the distribution NEVER improves?

so,this will explain why NXT is being dead,boc of the shit unfair distribution .

OH snap!  Here's a link to my recent post in the Nxtforum regarding distribution.  Have a read, and then a rebuttal if you like 

https://nxtforum.org/general-discussion/so-what-do-we-see-here/20/

Good post and very true!

[DrearyUrbanite]

SPECIAL NICE OFFER FROM LOPHIE!!!

1'550'000.00NXT AVAILABLE FOR SALE AT 0.00005BTC EACH

10 BTC MINIMUM Buy

PM ME NOW

NXT is being dump,being dead

NXT must be soooo dead. Since 2013 because Lophie is dumping since then!

not just Lophie, NXT is being dump from all bigstakers.

Do you honestly WANT them to hold, so that the distribution NEVER improves?

so,this will explain why NXT is being dead,boc of the shit unfair distribution .

It is still the early days, price for NXT is very nearly zero, and nothing is preventing you from buying. Your complaint is bogus.

[salsacz]

Just a month after I sent email to this guy to accept Nxt

https://woodwallets.io/woodwallets-nxt-edition-launch/

[timmyd]

sooooo ive been waiting all day for this so called nxt death. lmao it didnt happen again. emuppets credibillity is well destroyed he knows nothing and cant predict nothing. all he has is hot air backed by nothing. so glad im not emuppet

[Ola]

http://www.forbes.com/sites/kashmirhill/2014/04/08/beyond-bitcoin-crypto-ownership-companies-hope-youre-ready-to-decentralize-everything-on-the-internet/

No mention of Nxt. Marketing failed?

Marketing focuses too much on irrelevant things, like the swarm to vote for nxt on alternative software site. Marketing has failed for now.

Couldn´t agree more. I´m glad I´m not alone with those thoughts.

I suggested a plan of action a while back, I guess non of the marketing committee members thought it was a valid solution. Theres is a clear difference between strategy and tact

[Mistafreeze]

SPECIAL NICE OFFER FROM LOPHIE!!!

1'550'000.00NXT AVAILABLE FOR SALE AT 0.00005BTC EACH

10 BTC MINIMUM Buy

PM ME NOW

NXT is being dump,being dead

NXT must be soooo dead. Since 2013 because Lophie is dumping since then!

not just Lophie, NXT is being dump from all bigstakers.

Do you honestly WANT them to hold, so that the distribution NEVER improves?

so,this will explain why NXT is being dead,boc of the shit unfair distribution .

What are you, 12?

You had exactly the same opportunity to be one of the 73 as everyone else. That's fair by definition. Either you knew about it and chose to pass on the IPO, or you didn't know about it so you couldn't partake. Either way, the blame falls on you.......

All through life you will succeed and fail based upon your own decisions, simply because life isn't fair. Some people do something about it, other people hold out their hand and bitch until someone finally pays them to shut the fuck up.

[salsacz]

Ola: I've got it in my OneNote. As I said, I already contacted author of this text 3 weeks ago. Few days ago was published this text - http://www.forexminute.com/bitcoin/nxt-the-next-generation-of-cryptocurrencies-27867 - and it was retweeted to tenths of thousands people. Before we can write cool letters for businessmen, we need to get attention of geeks, cryptoenthusiastics and journalists, then we can show published articles to businessmen. Who wants to help with letters for businessmen, here is the link: https://nxtforum.org/nxt-promotion/letters-for/