lovekfc
Newbie
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Activity: 19
Merit: 0
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February 26, 2014, 12:27:32 PM |
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Unfortunately I'm not a programmer and may you laugh me, but what if we would write another coin (little brother of NEM), which would only be possible to mine/forge by trading and/or holding NEM? The more you hold, the more you mine. Also if you sell or buy some NEM you're earning some of the little brother. NEM should get an unbelievable thrust through and it would people even more animate to use this Movement. More I would bet some little stakes for Social Media, especially pages which are specialized for enlightening peepz and tell them about our current monetary system . 100 000 NEM for example for https://www.facebook.com/Killuminati.for.Wakeup?fref=ts when posting about us. This may would bring a big thrust of new people interested to Cryptocurrency because 372 000 sociocritical people would read about it. Tell me what you think of it  It is very nice idea and it is doable via creating asset/ coin on top of the asset exchange. Maybe we can create a thread to discuss it. |
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ashapasa
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February 26, 2014, 12:54:50 PM |
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I see a lot of coins ( counter party, Master coin,Protoshare, Nxt, Etherium, even NEM) trying to build on top of the existing coin/platform. Things like DACs and exchanges  . New guys like me get totally confused. Why the need for such things, crypto currency itself is arcane enough without adding layers of further complexity, is just too confusing for newbies like me. I could see the benefit, if all new coins, exchanges etc where created on one master platform (bitcoin) but there are so many platforms any benefit would be diluted to insignificance . They say a major benefit is creating a decentralized, trust-less exchange but in the end would you still not need an centralized exchange like btce, mt gox etc to change it into fiat?  . |
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patmast3r
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February 26, 2014, 01:09:06 PM |
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I see a lot of coins ( counter party, Master coin,Protoshare, Nxt, Etherium, even NEM) trying to build on top of the existing coin/platform. Things like DACs and exchanges . New guys like me get totally confused. Why the need for such things, crypto currency itself is arcane enough without adding layers of further complexity, is just too confusing for newbies like me. I could see the benefit, if all new coins, exchanges etc where created on one master platform (bitcoin) but there are so many platforms any benefit would be diluted to insignificance . They say a major benefit is creating a decentralized, trust-less exchange but in the end would you still not need an centralized exchange like btce, mt gox etc to change it into fiat? . nope there wont be a need for 3rd party exchanges soon! nxt seems by far the most promising! you may even be able to order a pizza on the nxt asset exchange :L seriously that was actually a use case for something ha you will be able to trade between various cryptos the same way you would on btce! the progress and innovation with Nxt is astounding! He is right about fiat though. You would need a 3rd party to get into fiat. |
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xibeijan
Legendary
Offline
Activity: 1232
Merit: 1001
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February 26, 2014, 01:13:09 PM |
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Proof of importance? I've just skimmed, but how is this calculated?
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ashapasa
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February 26, 2014, 01:21:47 PM |
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I see a lot of coins ( counter party, Master coin,Protoshare, Nxt, Etherium, even NEM) trying to build on top of the existing coin/platform. Things like DACs and exchanges . New guys like me get totally confused. Why the need for such things, crypto currency itself is arcane enough without adding layers of further complexity, is just too confusing for newbies like me. I could see the benefit, if all new coins, exchanges etc where created on one master platform (bitcoin) but there are so many platforms any benefit would be diluted to insignificance . They say a major benefit is creating a decentralized, trust-less exchange but in the end would you still not need an centralized exchange like btce, mt gox etc to change it into fiat? . nope there wont be a need for 3rd party exchanges soon! nxt seems by far the most promising! you may even be able to order a pizza on the nxt asset exchange :L seriously that was actually a use case for something ha you will be able to trade between various cryptos the same way you would on btce! the progress and innovation with Nxt is astounding! Would you be able to trade peercoin, litecoin etc ( coins not created on top of Nxt) our just ious for these. If that is the case it does not solve the problem I think |
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sjarkara
Member
Offline
Activity: 63
Merit: 10
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February 26, 2014, 01:31:11 PM |
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Hey guys...
Never too late to mention. If at some point you need additional expertise in programming; I am quite proficient in MATLAB. I used specially for time-frequency power analyses (Fourier decomposition), coherence spectrum and Granger causality. These are quite fancy methods to study the behavior of complex networks. So, for instance, if at some point you want to quantify the level of communication between two nodes of a network; coherence analysis can provide a good estimate of the observed interactions. Open to discuss about those issues more in deep, if it is needed
You don't sound like a newbie.  |
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j23a
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February 26, 2014, 01:33:49 PM |
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sorry for asking a newbie question? but why is it important for small accounts to run their nodes. Is it not enough for big accounts to run the system, they are forging all the fees anyway. How does the POI system work anyway, Who or what determines which node is more important. Will it be possible in NEM for a person with 100 NEM to forge more then a person with 10000 NEM? It depends on a couple of factors and I think the details e.g. balance between factors aren't 1000% worked out yet. The amount of NEM you own will still be a factor. Also it will be a factor how much you actually use NEM. If you buy 100000 NEM but never make a single transaction your not going to get very far in terms of forging. It will also depend on what kind of node you are running. If you are running a client node you're not as important to the network as if you're running a server node which holds the entire blockchain. I am trying several algorithms for POI right now. I think we will settle on a harmonic mean between amount of NEM and importance to the network. Will you publish your simulations ? I think it'd help people understand POI and also give them an idea on their potential forging power. Yes, I plan to make my work open source when it is ready. Would you consider waiting a few months, maybe 6 months to a year. Considering all of the NXT clones popping up. We have to tell people how POI works otherwise they don't see why it is better or usefull at all. Once they know how it works decent devs can build it anyway and not so decent devs won't be able to make a great clone out of it anyway. Imho withholding parts of the code has done more harm than good for NXT and we should learn from that. Maybe just a slight delay until the coin settle a little. If it causes a little controversy it can be good thing if it gets people talking about Nem, thus exposing it to those new to bitcointalk. We really can't underestimate any competition. |
TBTSX4-NKRX55-HF2ECG-SHPBG3-XIDD2Y-QDRI3N-P2O6 |
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asdlolciterquit
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February 26, 2014, 01:43:09 PM |
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if i want some nem...what i have to do?
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bigboom
Newbie
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Activity: 21
Merit: 0
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February 26, 2014, 01:56:47 PM |
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hi, utopianfuture, thanks, I'm in the stakeholder list. good job |
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annycyf
Newbie
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Activity: 5
Merit: 0
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February 26, 2014, 02:12:48 PM |
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Where can i get the latest stakeholder list?
thanks!
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suky321
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February 26, 2014, 02:21:10 PM |
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Where can i get the latest stakeholder list?
thanks!
Look in the post above yours. |
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jkoil
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February 26, 2014, 02:56:30 PM |
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Last three are kind of interesting. The balance could be a little better, though. Thanks for the positive feedback. (I guess it was such ) What do you mean by better balance? ... I'm willing to draw better drafts if it is possible Those drafts are kind of results of an evolution: started from "NEM" ...  And the same for the currency symbol. They are usually one letter + (long/short) lines like $, £, €. I was thinking that a letter is too common for NEM. But on the other hand it shouldn't be totally new symbol, which is coming outside of our alphabets But, I'd still develope the images, if they have any perfectible draft |
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opticalcarrier
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February 26, 2014, 02:58:38 PM |
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Proof of importance? I've just skimmed, but how is this calculated?
Can someone explain this, IN DETAIL? We need to start looking at the algorithm critically to make sure it cannot be easily exploited. |
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Althoelzer
Member
Offline
Activity: 64
Merit: 10
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February 26, 2014, 03:05:26 PM |
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Last three are kind of interesting. The balance could be a little better, though. Thanks for the positive feedback. (I guess it was such ) What do you mean by better balance? ... I'm willing to draw better drafts if it is possible Those drafts are kind of results of an evolution: started from "NEM" ... And the same for the currency symbol. They are usually one letter + (long/short) lines like $, £, €. I was thinking that a letter is too common for NEM. But on the other hand it shouldn't be totally new symbol, which is coming outside of our alphabets But, I'd still develope the images, if they have any perfectible draft Hello Jkoil. I like your work especially that kind you play with colors, however could you try to create a colored symbol similar to the symbol located in signature of patmast3r? I mean, it's just a proposal. Unfortunately I'm not a graphic-artist or programmer Regards |
NEM - Nothing Else Matters
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jkoil
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February 26, 2014, 03:25:18 PM |
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Last three are kind of interesting. The balance could be a little better, though. Thanks for the positive feedback. (I guess it was such ) What do you mean by better balance? ... I'm willing to draw better drafts if it is possible Those drafts are kind of results of an evolution: started from "NEM" ... And the same for the currency symbol. They are usually one letter + (long/short) lines like $, £, €. I was thinking that a letter is too common for NEM. But on the other hand it shouldn't be totally new symbol, which is coming outside of our alphabets But, I'd still develope the images, if they have any perfectible draft Hello Jkoil. I like your work especially that kind you play with colors, however could you try to create a colored symbol similar to the symbol located in signature of patmast3r? I mean, it's just a proposal. Unfortunately I'm not a graphic-artist or programmer Regards ok, that proposal was quite easy to do, if you wanted just one-color-NEMs. Shades and such effects are out of my tools  |
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csplayer89
Newbie
Offline
Activity: 4
Merit: 0
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February 26, 2014, 03:29:48 PM |
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I'm trying to understand how this works. Forging is running a node to support the network and return transaction fees are rewarded to individual nodes. I understand forging rewards will be proportional to your stash size?
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erkki12
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February 26, 2014, 04:06:20 PM |
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Proof of importance? I've just skimmed, but how is this calculated?
Can someone explain this, IN DETAIL? We need to start looking at the algorithm critically to make sure it cannot be easily exploited. I think you should pm makoto1337 about this |
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patmast3r
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February 26, 2014, 04:50:25 PM |
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I see a lot of coins ( counter party, Master coin,Protoshare, Nxt, Etherium, even NEM) trying to build on top of the existing coin/platform. Things like DACs and exchanges . New guys like me get totally confused. Why the need for such things, crypto currency itself is arcane enough without adding layers of further complexity, is just too confusing for newbies like me. I could see the benefit, if all new coins, exchanges etc where created on one master platform (bitcoin) but there are so many platforms any benefit would be diluted to insignificance . They say a major benefit is creating a decentralized, trust-less exchange but in the end would you still not need an centralized exchange like btce, mt gox etc to change it into fiat? . nope there wont be a need for 3rd party exchanges soon! nxt seems by far the most promising! you may even be able to order a pizza on the nxt asset exchange :L seriously that was actually a use case for something ha you will be able to trade between various cryptos the same way you would on btce! the progress and innovation with Nxt is astounding! He is right about fiat though. You would need a 3rd party to get into fiat. no i think they have a way around that too... cant remember the technicalities but i think something to do with gateways.. like one guy is going to do a silver bullion gateway so you can buy and sell silver with nxt.. or any other crypto if there is a gateway to support it which once there is one it wont be hard to mirror it for other coins!! should be cool... I think you are confusing this with Ripple. Also Gateways are still 3rd parties |
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