Transparent mining 3, or What way to choose

[Daedelus]

Guys call me crazy but this is how I see NXT after being a part of it for 3 months.
The only shitty thing about NXT is its distribution. We all know that in this community, also everybody in Bitcoin world know that.
That is why is important that price is as low as possible these first months, to re-distribute as much as possible since initial distribution is flawed. This is where we can see comments from BCNext allegedly that price for him is not important.

Than we have "hot and cold" comments from CFB all the time. Sometimes in his comments he cares about NXT, sometimes it seems that he doesn't give a f**k. Why? Well 2 reasons.
First, again keep the price as low as possible to re-distribute.
Second reason, make community take its destiny in its own hands and don't rely solely on some imaginary character (BCNext) that he will come and save us all while we do nothing.

These are two main keys for NXT to succeed.
1. Redistribution.
2. Involve the community, everybody must contribute.

Two main devs (or just one dev with two different usernames) have recognized this a long time ago.

To summarize all of the above, BCNext=CFB!!

Makes sense as well. So we have Vitalik and CfB. Let's add the 3rd guy. What about Dan of eMunie?

And Elmo 



Nah, lets not start that again...

[1715375235]

1715375235

[1715375235]

1715375235

[zorke]

Guys call me crazy but this is how I see NXT after being a part of it for 3 months.
The only shitty thing about NXT is its distribution. We all know that in this community, also everybody in Bitcoin world know that.
That is why is important that price is as low as possible these first months, to re-distribute as much as possible since initial distribution is flawed. This is where we can see comments from BCNext allegedly that price for him is not important.

Than we have "hot and cold" comments from CFB all the time. Sometimes in his comments he cares about NXT, sometimes it seems that he doesn't give a f**k. Why? Well 2 reasons.
First, again keep the price as low as possible to re-distribute.
Second reason, make community take its destiny in its own hands and don't rely solely on some imaginary character (BCNext) that he will come and save us all while we do nothing.

These are two main keys for NXT to succeed.
1. Redistribution.
2. Involve the community, everybody must contribute.

Two main devs (or just one dev with two different usernames) have recognized this a long time ago.

To summarize all of the above, BCNext=CFB!!

Makes sense as well. So we have Vitalik and CfB. Let's add the 3rd guy. What about Dan of eMunie?

And Elmo 



Nah, lets not start that again...

ha ha priceless!! 

[BaiMangal]

BCNext:     Now, when you know why Nxt was created your should choose what way to follow.

Is this the reason you are staying CFB?

No. I'm launching my own project that uses Nxt so I decided to complete some things before leaving.

I would love to see it!! This should be something super exciting and well done!
GL with it!

[jabo38]

@CfB - Do you know how to fully implement the Transparent Mining?

Yes

+1 for implementation.  Let's see where the winding road takes us.

[Troonetpt]

To summarize all of the above, BCNext=CFB!!

This makes sense.
Apparently, BCNEXT is very familiar with “Nineteen Eighty-Four”, and love it. It hints that BCNEXT come from a Communist countries of Eastern European, may be Soviet Union. I noticed that CFB has acknowledged that he is a Communists.

[msin]

BCNext:     Now, when you know why Nxt was created your should choose what way to follow.

Is this the reason you are staying CFB?

No. I'm launching my own project that uses Nxt so I decided to complete some things before leaving.

That is good news for Nxt, assuming your project doesn't suck 

[timmyd]

what i took from reading all that is. this has been one big experiment by bcnxt or who ever he really is. we need to learn to take greed out of the equation. own personal gain as such. we need to work as a community to secure the chain and not expect rewards for doin so. Eg like pow coins rewards. we need to remeber why we are here. i personally came here to help support a movent of people who had created digital currencies to fight the powers that be lets say. i was sick to death of governments, banks and corrupt organisations that control the current monetary supplys. we need to focus on destroying these organisations which are fueld by greed. but unfortunatley the green eyed monstsr has already made it to the crypto world. we have a chance here with nxt to change this. but is it too late?

Suppose i better add to this that yes along the way the green eyed monster has had me too. Its human nature to want more than the other the guy has.

[ZeroTheGreat]

The alternative is to implement Transparent Mining and try to handle people imperfection.

I say: if we've code, let's try it. If we'll go from just trustless, but risky, to trustless cheat-proff, it'll be quite something.

[klee]

I dont give a flying fuck for BCNext's plans..

[opticalcarrier]

what are you talking about "greed eyed monster" and references to the human element?

Are you asserting that BCNext left due to the few but very large, and inactive whales?  Surely not...  I dont see how any facet of his experiment would address the issue, on the contrary, his experiment ENABLED human greed  if this is why he left, then the 'failure' falls 100% on BCNext for cutting off the genesis at only 73 people, thus putting huge amounts of NXT into the hands of only a few people.

[allwelder]

does ANYBODY know what it was BCNext wanted from us that we didnt do right?  Im still not sure if TF will ever happen, earlier CFB gave an april fools response to a question about TF and if he could complete it

TF is just a proof of concept?

[mczarnek]

does ANYBODY know what it was BCNext wanted from us that we didnt do right?  Im still not sure if TF will ever happen, earlier CFB gave an april fools response to a question about TF and if he could complete it

TF is just a proof of concept?

That's why Nxt is as cheap as it is.. just wait until they finish fully implementing it

[allwelder]

what is the main project of BCNext.?
based on Nxt or irrelevant?

CFB,could give some answer or hint?

[Come-from-Beyond]

CFB,could give some answer or hint?

No idea.

[btc2nxt]

accumulating mined hours is the first step of transparent mining 3

let’s look at forget power with different account balances:
=0.5b, every forger has 1/20 power, that is 3 times every hour;
=1m, every forger has 1/1000 power, can forge every 16 hours;
=100k, every forger has 1/10.000 power, can forge once a week;
=10k, every forger has 1/100.000 power, can forge every 69 days;
=1k, every forger has 1/100.000 power, can forge every 2 years.

if a account has 100k nxt, the account has to mine 7 days to forge a block, it isn’t a short time. And if the node crash or disconnect the network, ths account have to remine. So we should encourge forging by accumulating mined hours, not penalty.

How to accumulate the mined hours?
Before the node is closed, the node send a message containing the mined hours to genesis account. Because the nodes forging  can protect the nxt blockchain,  the fee of sending this type messages are free.

Of course different balance have different strtegy.
balance>=10m,  don’t need message at all.
balance>=1m,  when node is closed and mining hours>1, send a mined message;
balance>=100k, when node is closed and mining hours>2, send a mining message;

balance>=10k, every forger need nearly 10 to 69 day to forge a block. That is a long time, so everyday mining hours>=3, then send a message represent 1 day mining time. That is everyday need 3 hours, get 24hours mined hours. When mining to the last day, mining hours>1 ,send a mining a message.
e.g.
Account A has 10k nxt, A need mine 69 days to forge a new block. Everyday A mined 3 hours, then close the node. Image A has mined 68 days. In the 69 day, A need mining 24 hours then forge a new block. If A exit the node or other thing cause the disconnection, a mining message has been sent, so next day A can continue mining until forge a new block.

just like balance>10K, with balance below 10k, every account need more mined hours. but 2 years is a very long time for an account with 1k balance.

Good repayment are not choice, because this can cause fee too high.  But we can give lottery to these small stakholders who like forging. The most important thing is using nxt platform like AM and so on , to do something.

80% accounts hold only 20% nxts in statictics in the future, so a lot of small stakholders forging can contribute a nice random to forge, and make nxt platform running better.

[lingdu22]

nxt please pump! I have invested too much in you, my dear…

[williamevanl]

I love NXT but you guys have pulled so much stupid shit that I don't know what to think anymore. If you would get something as good as NXT going just to later refer to it as an experiment then you have basically committed crypto-creation suicide.

I would have no interest in any future projects and neither should anyone else. This would be analogous to Bill Gates saying Microsoft was just a ruse for his 'real' project. (an experiment to buy him time...)

I say this after working really hard to get behind the NXT project and recognize that my negative demeanor is ultimately not good for NXT's image but I dont' care. I don't care if I lose my entire investment, you idiots are doing irreparable damage to the work you've done.

[LiQio]

I love NXT but you guys have pulled so much stupid shit that I don't know what to think anymore. If you would get something as good as NXT going just to later refer to it as an experiment then you have basically committed crypto-creation suicide.

I would have no interest in any future projects and neither should anyone else. This would be analogous to Bill Gates saying Microsoft was just a ruse for his 'real' project. (an experiment to buy him time...)

I say this after working really hard to get behind the NXT project and recognize that my negative demeanor is ultimately not good for NXT's image but I dont' care. I don't care if I lose my entire investment, you idiots are doing irreparable damage to the work you've done.

Please define "you".

[allwelder]

updated？

[KyLins]

Why not updated?