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patmast3r
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April 29, 2014, 06:33:40 AM |
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% that entire foraging discussion %
Let's take a step back and think about what the actual process is. People are collecting transactions and build blocks to extend the blockchain. This is to secure the network. Most people do it so they can collect the fees. Now what single word describes this aptly ? Imho there are 3 possible aspects to go for: - building of the blockchain: bookkeeping, accounting, reporting, block building, ledger keeping, recording, ...
- collecting fees: fee collecting, encash, levy, ...
- supporting/securing the network: validating, ...
I'm sure people can think of better words I just wanted to outline what should imho be kept in mind. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Istanbul34
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April 29, 2014, 06:49:53 AM |
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+1000  Thanks. |
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asdlolciterquit
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April 29, 2014, 08:04:50 AM |
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From what I know there will be 4 billion (4e9) coins total.
thx. any dav can confirm? P.S: 1000000/4000000000 = 0,025% not bad! |
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Istanbul34
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April 29, 2014, 08:10:06 AM |
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From what I know there will be 4 billion (4e9) coins total.
thx. any dav can confirm? P.S: 1000000/4000000000 = 0,025% not bad! I'm not a dev. But that is what has been told us for a long time. So I would confirm it. |
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twelvesigns
Newbie
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Activity: 34
Merit: 0
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April 29, 2014, 08:14:30 AM |
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do we have an update when the auction will be ? i plan to submit my bids..... what do you reckon is a fair bid?
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Istanbul34
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April 29, 2014, 08:23:46 AM |
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do we have an update when the auction will be ? i plan to submit my bids..... what do you reckon is a fair bid?
If you see the Alpha running; a fair bid should be like 3 Btc to start with =) |
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swartzfeger
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April 29, 2014, 08:43:48 AM |
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Waiting for my PM. And interesting to see that the final stakeholder list reception wasn't nearly as drama-filled as I had thought.  |
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Istanbul34
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April 29, 2014, 08:55:17 AM |
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Waiting for my PM. And interesting to see that the final stakeholder list reception wasn't nearly as drama-filled as I had thought. I hope you get invited as well. You are a respected member of the NXT community. |
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BestofSR
Member
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Activity: 69
Merit: 10
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April 29, 2014, 09:09:29 AM |
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@hashtag101
the mulitpool plan has developed quite allot but im stuggleing to find a developer.. i may even need two.. and depending on other factors i may need to provide the dev with (minimal)funding towards resources (it really is an ambitious plan). i think the closer we get to launch the easier it will get to find a dev and once launched allot of devs will come free from core development that may want to work on it... so unless i can find a dev soon(and possibly a small amount of btc funding) it may have to wait untill coin launch.. but i dont think that will really matter...
Thanx for your work and activism, keep up the good work. Imagine if all stakeholders would be so active... |
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utopianfuture (OP)
Sr. Member
Offline
Activity: 602
Merit: 268
Internet of Value
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April 29, 2014, 09:15:49 AM |
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Waiting for my PM. And interesting to see that the final stakeholder list reception wasn't nearly as drama-filled as I had thought. swartzfeger are in final list already (pos. 755) Do I miss something ? |
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Istanbul34
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April 29, 2014, 09:50:51 AM |
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Waiting for my PM. And interesting to see that the final stakeholder list reception wasn't nearly as drama-filled as I had thought. swartzfeger are in final list already (pos. 755) Do I miss something ? Ahh ok. I think I misunderstood him. He is waiting for a PM to receive his NEM like everyone here =) |
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swartzfeger
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April 29, 2014, 10:04:01 AM |
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Waiting for my PM. And interesting to see that the final stakeholder list reception wasn't nearly as drama-filled as I had thought. swartzfeger are in final list already (pos. 755) Do I miss something ? Ahh ok. I think I misunderstood him. He is waiting for a PM to receive his NEM like everyone here =) Yes.  It's exciting to see progress. I'm interested in seeing the impact of NEM's distribution. Not subscribing to the 'NXT distribution theory was unfair' theory, I still think NEM's approach is an interesting one... I just don't think the 'fair' approach is going to impact value the way many here seem to think it will. On the other hand, it's generating a lot of interest and buzz, so user momentum may carry over to marketcap. That's what makes NEM fun to watch and be involved in... new territory. Pre-alpha excitement. I'm digging it. |
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oldisoft
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April 29, 2014, 10:10:31 AM |
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Hello Everybody!
I'm really happy that now I am part of this FANTASTIC COMMUNITY!
How I can now help community?
Cheers.
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roslinpl
Legendary
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Activity: 2212
Merit: 1199
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April 29, 2014, 10:18:02 AM |
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Hi guys - arr there any good predictions for a future of NEM?
What you guys think about the future of this coin?
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Istanbul34
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April 29, 2014, 10:34:39 AM |
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Hi guys - arr there any good predictions for a future of NEM?
What you guys think about the future of this coin?
A gamechanger. Built from scratch and a superb high class modern wallet/client. Very good developer team. Bright future. |
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jnuqsx
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April 29, 2014, 10:50:54 AM |
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Hi guys - arr there any good predictions for a future of NEM?
What you guys think about the future of this coin?
A gamechanger. Built from scratch and a superb high class modern wallet/client. Very good developer team. Bright future. The most important is have a good leader |
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Fonzarelli
Newbie
Offline
Activity: 17
Merit: 0
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April 29, 2014, 11:02:26 AM |
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Someone explain to me why you think nem is so revolutionary in its technology? not give me "nem is da best mayne" or "because of da distribution"
I'd be interested in that as well. Are there some confirmed FACTS besides awesome positive distribution yet?  |
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patmast3r
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April 29, 2014, 11:14:46 AM |
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Someone explain to me why you think nem is so revolutionary in its technology? not give me "nem is da best mayne" or "because of da distribution"
I'd be interested in that as well. Are there some confirmed FACTS besides awesome positive distribution yet? Not everything is publicly known yet but the most important thing is PoI (Proof of Importance). The algo is not 100% finished so you'll have to wait for the whitepaper for details. |
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zhou123
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April 29, 2014, 11:18:55 AM |
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Hi guys - arr there any good predictions for a future of NEM?
What you guys think about the future of this coin?
A gamechanger. Built from scratch and a superb high class modern wallet/client. Very good developer team. Bright future. The most important is have a good leader you can be a leader? |
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zhou123
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April 29, 2014, 11:21:19 AM |
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just make nem excellent,people will accept.it's what nxt do!
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