Closed Thread

[DrearyUrbanite]

Somebody willing to send me 5100 NODE so I can start forging too? I'll send you 5400 back tomorrow. Would be awesome

+1 same question

PM me your address and I'll send you the NODE

[GreenDude]

I just read thet Ukrainian central bank forbade Bitcoin, because of "financial terrorism"... National currency is collapsing in Ukraina. Maybe NODE could use some anonymization + advertising on VK.

Source?

I think is just trolling and fudding.. but if there is collapse then that is great for NODE. Same than with chipre to bitcoin. Anyway.. Ukraine has more than 5000 btc atm and is totally crypto friendly.. and i think central bank has more important things to do than forbidding BTC. And if that was the case that would be great cos then NODE would be the main option there

[lcharles123]

Node up now.

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

[manfred87]

so where can i find the source code? ( not here.. https://github.com/nodepay )

how much coins will be forged?

what do you do against a person who runs 100+ instances, sending big amount of coins in a circle from one account to another?

[GreenDude]

Node up now.

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers

[GreenDude]

so where can i find the source code?

how much coins will be forged?

what do you do against a person who runs 100+ instances, sending big amount of coins in a circle from one account to another?

Check how POA works reading whitepaper and u'll see that the case u mentioned would only make that person pay more fees than the amount he could possibly forge. U cant cheat the system.

[manfred87]

i read the whitepaper.. ( https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit )

This is a simple and efficient method to select eligible forgers. In order for it to work properly rules will be involved to eliminate the possibility of gaming the system, for example:
Singles (blocks with only 1 transaction) will not be forged by the sender.
Bounty quest link!

there is nothing metnioned about "how much coins are forged" or how this is prevented..
yes there is a 0.35% fee for existing coins.. but where do the coins come from?

[sava0123]

so where can i find the source code? ( not here.. https://github.com/nodepay )

how much coins will be forged?

what do you do against a person who runs 100+ instances, sending big amount of coins in a circle from one account to another?

1. Source for BETA Wallet V.0.1 http://pastebin.com/a7JzU7kv

2. Well first of all, that person will need 50 mil coins. Secondly, sender cannot forge a block. So he will lost most of his fees. With the best luck for him it will be zero sum game.

3. What do you mean "how much coins will be forged"?

[GreenDude]

i read the whitepaper.. ( https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit )

This is a simple and efficient method to select eligible forgers. In order for it to work properly rules will be involved to eliminate the possibility of gaming the system, for example:
Singles (blocks with only 1 transaction) will not be forged by the sender.
Bounty quest link!

there is nothing metnioned about "how much coins are forged" or how this is prevented..
yes there is a 0.35% fee for existing coins.. but where do the coins come from?

There is no way to know how many coins u can forge. U can forge a block. And that block can contain a 1M transaction or just 10K node transaction. U will forge the "fees" those transactions paid. If u forge a block containing 1M u will forge 3500 NODE.. If u forge the one containing 10k u will forge 35 node. U forge the fees.

[Djentriser]

I just read thet Ukrainian central bank forbade Bitcoin, because of "financial terrorism"... National currency is collapsing in Ukraina. Maybe NODE could use some anonymization + advertising on VK.

Source?

I think is just trolling and fudding.. but if there is collapse then that is great for NODE. Same than with chipre to bitcoin. Anyway.. Ukraine has more than 5000 btc atm and is totally crypto friendly.. and i think central bank has more important things to do than forbidding BTC. And if that was the case that would be great cos then NODE would be the main option there

Im not troll type of person. I just read it here. I would like to hear more about it from other sources..But I dont know ukrainian, to check out other sites.

http://www.zerohedge.com/news/2014-11-10/ukraine-central-bank-bans-bitcoin-protect-citizens-financing-terrorism

[sava0123]

I just read thet Ukrainian central bank forbade Bitcoin, because of "financial terrorism"... National currency is collapsing in Ukraina. Maybe NODE could use some anonymization + advertising on VK.

Source?

I think is just trolling and fudding.. but if there is collapse then that is great for NODE. Same than with chipre to bitcoin. Anyway.. Ukraine has more than 5000 btc atm and is totally crypto friendly.. and i think central bank has more important things to do than forbidding BTC. And if that was the case that would be great cos then NODE would be the main option there

Im not troll type of person. I just read it here. I would like to hear more about it from other sources..But I dont know ukrainian, to check out other sites.

http://www.zerohedge.com/news/2014-11-10/ukraine-central-bank-bans-bitcoin-protect-citizens-financing-terrorism

On the site of National Bank of Ukraine said that it is not regulated currency so all risks for payments in BTC lays uppon people and companies which are using it. And that NBU as national financial governor take no responsibility for possible losses.

It is just warning. They didn't forbid it.

[GreenDude]

I just read thet Ukrainian central bank forbade Bitcoin, because of "financial terrorism"... National currency is collapsing in Ukraina. Maybe NODE could use some anonymization + advertising on VK.

Source?

I think is just trolling and fudding.. but if there is collapse then that is great for NODE. Same than with chipre to bitcoin. Anyway.. Ukraine has more than 5000 btc atm and is totally crypto friendly.. and i think central bank has more important things to do than forbidding BTC. And if that was the case that would be great cos then NODE would be the main option there

Im not troll type of person. I just read it here. I would like to hear more about it from other sources..But I dont know ukrainian, to check out other sites.

http://www.zerohedge.com/news/2014-11-10/ukraine-central-bank-bans-bitcoin-protect-citizens-financing-terrorism

If u go to source they just say they take no responsibility for possible losses if u trade with bitcoin. Like almost every central bank did. Not ban or forbidding.

Source: Ukraine bank http://bank.gov.ua/control/uk/publish/article?art_id=11879608&cat_id=80928

[GreenDude]

Anyway this would be a good moment to show to those people that now there will be another option called NODE. With usd and eur integrated

[Arux]

i read the whitepaper.. ( https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit )

This is a simple and efficient method to select eligible forgers. In order for it to work properly rules will be involved to eliminate the possibility of gaming the system, for example:
Singles (blocks with only 1 transaction) will not be forged by the sender.
Bounty quest link!

there is nothing metnioned about "how much coins are forged" or how this is prevented..
yes there is a 0.35% fee for existing coins.. but where do the coins come from?

There is no way to know how many coins u can forge. U can forge a block. And that block can contain a 1M transaction or just 10K node transaction. U will forge the "fees" those transactions paid. If u forge a block containing 1M u will forge 3500 NODE.. If u forge the one containing 10k u will forge 35 node. U forge the fees.

exactly. you can't forge more than the fee.
and if you are active to increase your "forging probability", you will forge more blocks but without any warranty on the amount of these blocks. you can receive less "forging reward" than the 0.35% fee that you spent.

[lcharles123]

Node up now.

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers

So I'll never find a block only leave the wallet open all the time?

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!

[haggis]

Node up now.

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers

So I'll never find a block only leave the wallet open all the time?

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!

I don't think your score gets reset. You get 1 point for each second/minute/hour (I don't remember) having the wallet opened and 1point for each Node you sent.
If someone finds a block his points are reset to 0 while you still have your points for the open wallet.

If I'm not mistaken

[whitecloud]

Node up now.

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers

So I'll never find a block only leave the wallet open all the time?

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!

You can mine a block even if just leave wallet open, without transactions.
I personally mined 3 blocks in the last 2 days, without trasaction.

[bitwho]

I just read thet Ukrainian central bank forbade Bitcoin, because of "financial terrorism"... National currency is collapsing in Ukraina. Maybe NODE could use some anonymization + advertising on VK.

Source?

I think is just trolling and fudding.. but if there is collapse then that is great for NODE. Same than with chipre to bitcoin. Anyway.. Ukraine has more than 5000 btc atm and is totally crypto friendly.. and i think central bank has more important things to do than forbidding BTC. And if that was the case that would be great cos then NODE would be the main option there

Im not troll type of person. I just read it here. I would like to hear more about it from other sources..But I dont know ukrainian, to check out other sites.

http://www.zerohedge.com/news/2014-11-10/ukraine-central-bank-bans-bitcoin-protect-citizens-financing-terrorism

If u go to source they just say they take no responsibility for possible losses if u trade with bitcoin. Like almost every central bank did. Not ban or forbidding.

Source: Ukraine bank http://bank.gov.ua/control/uk/publish/article?art_id=11879608&cat_id=80928

this would be a good time to do a twitter campaign where people tweet about node and how it is bu Ukrainian devs .

perfect time if you ask me

; )

[whitecloud]

Node up now.

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers

So I'll never find a block only leave the wallet open all the time?

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!

I don't think your score gets reset. You get 1 point for each second/minute/hour (I don't remember) having the wallet opened and 1point for each Node you sent.
If someone finds a block his points are reset to 0 while you still have your points for the open wallet.

If I'm not mistaken

1 point for 1 second
1 point for 1 node
you are right

[Arux]

Node up now.

If I just leave the wallet NODE online, I'll find some block?
Because when someone finds one, it resets the Poa score, and mine continues or also resets?

Resets. But remember u need to have atleast 500k NODE in your wallet. Cheers

So I'll never find a block only leave the wallet open all the time?

The points you earn are going to increase the probability of finding a block or determine who they find one, for example: who have more necessarily find the block?
thx!

I don't think your score gets reset. You get 1 point for each second/minute/hour (I don't remember) having the wallet opened and 1point for each Node you sent.
If someone finds a block his points are reset to 0 while you still have your points for the open wallet.

If I'm not mistaken

1 point for 1 second
1 point for 1 node
you are right

let the wallet open is free, send a node cost 0,35%