Distribution updatePrevious distribution update was incorrect, because I foolishly forgot to include simcoins in the order book.
This is the correct version, the changes are less dramatic:
251 accounts own simcoins now vs 210 after the IPO.
Also, if you take open orders into consideration, the top 10 accounts now own more: 21.12% vs 20.65%.
Most of it thanks to the very top account, which now owns 11.9 M. If we count accounts 2-11 we will get 19.88% vs 19.95% after the IPO.
Progress reportThis week was spent trying to solve the bootstrapping problem: bringing new nodes and the nodes that were offline up to speed. I kinda left a white spot there, thinking it won't be too difficult, but when you don't have a blockchain, it is.
So I kept reading papers and thinking the whole week, trying to find an efficient solution and not give up and settle for something subpar.
Wrote a couple of simple simulators to test various ideas. Yesterday I had a breakthrough and (hopefully) finally solved it, so now the road is open to finalizing the whole system design and returning back to writing code.
For now, no major unresolved issues remain. Doesn't mean there won't be any, of course, but so far everything looks clear.
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Test nodes have been running for a week now, no crashes, no memory leak, it stays at the same 700 Kb. People registered 81 test accounts. The ledger is 24 Kb, but it doesn't mean each account takes 300 bytes because the database grows in pages.
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Wrote a simple time sync simulator, because couldn't find anybody to do it as a bounty. Need more freelancers on stand-by. (You guys don't want to get paid or what?)
As always, if all nodes are honest – everything is perfect:
https://simcoin.info/ts/ts.htmlPossibility of an attack ruins it, but even with simple code modifications it seems possible to protect against malicious nodes trying to shift the network time:
https://simcoin.info/ts2/ts.htmlPlus I have more ideas up my sleeve about how to detect and discard outliers.
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Nxtblg did a small experiment and issued 1 M simcoins as an asset on NXT Asset Exchange. It was quickly sold out and
is now trading at 23-35 NXT per thousand, i.e. about 270 satoshis vs 140-160 on simxchg.
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gstarcev continues working on the voting system
bounty and now is close to finishing it.
A logo contest will probably be announced soon, so stay tuned.
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Now, that the path is clear:
