[ANN] FIMK: 2.5G POS, extra block rewards, messaging, asset colors, p2p shopping

[PilotofBTC]

Is this the correct URI format for an account alias? (the NXT bug on creating an account alias seems to have been carried forward)

acct:73934436533863559090@fimk

[FimKrypto]

What is the address of the Genesis account with -1 billion coins in it?

It looks like it only has -666,279,798 in it? Where were the balance of the coins created? I expected genesis to be -1 billion and then a holding account for the block bonus and FINN citizen coins somewhere.

This is the Genesis account http://80.240.143.139/accounts/FIM-MRCC-2YLS-8M54-3CMAJ
It has paid only 666 million and not 1 billion because the stakeholders and the Finnish basic income account all received 1/3 of all coins.
The last 1/3 of the coins is paid to forgers from within the protocol over a period of ~4 years.
After 4 years 1 billion FIM will be in circulation, you can follow the current amount in circulation here http://80.240.143.139/json/total_coins

Is this the correct URI format for an account alias? (the NXT bug on creating an account alias seems to have been carried forward)

acct:73934436533863559090@fimk

Yes that is the correct format.
But we fixed that NXT bug in the FIM client https://github.com/fimkrypto/fimk/commit/1e5786abdc94583a0339557525550b9350ed9465
In the FIM client you can register an account alias with your normal RS account number.

[PilotofBTC]

What is the address of the Genesis account with -1 billion coins in it?

It looks like it only has -666,279,798 in it? Where were the balance of the coins created? I expected genesis to be -1 billion and then a holding account for the block bonus and FINN citizen coins somewhere.

This is the Genesis account http://80.240.143.139/accounts/FIM-MRCC-2YLS-8M54-3CMAJ
It has paid only 666 million and not 1 billion because the stakeholders and the Finnish basic income account all received 1/3 of all coins.
The last 1/3 of the coins is paid to forgers from within the protocol over a period of ~4 years.
After 4 years 1 billion FIM will be in circulation, you can follow the current amount in circulation here http://80.240.143.139/json/total_coins

Is this the correct URI format for an account alias? (the NXT bug on creating an account alias seems to have been carried forward)

acct:73934436533863559090@fimk

Yes that is the correct format.
But we fixed that NXT bug in the FIM client https://github.com/fimkrypto/fimk/commit/1e5786abdc94583a0339557525550b9350ed9465
In the FIM client you can register an account alias with your normal RS account number.

Oh, great. Can I change an alias then to be correct with the RS format. Or it probably doesn't matter?

[FimKrypto]

Oh, great. Can I change an alias then to be correct with the RS format. Or it probably doesn't matter?

It doesn't matter since it's a bug in the NXT client only. Internally (in the server part) we still store your account alias by it's number.

[FimKrypto]

acct:73934436533863559090@fimk

Yes that is the correct format.

Just noticed the extra K at the end, that's not correct format.
It's acct:73934436533863559090@fim not acct:73934436533863559090@fimk

[PilotofBTC]

acct:73934436533863559090@fimk

Yes that is the correct format.

Just noticed the extra K at the end, that's not correct format.
It's acct:73934436533863559090@fim not acct:73934436533863559090@fimk

Ok thanks... I have decided to move my FIM to a new wallet since DGEX's delete my password function doesn't seem to be working.

Is it possible to transfer the alias?

[PilotofBTC]

acct:73934436533863559090@fimk

Yes that is the correct format.

Just noticed the extra K at the end, that's not correct format.
It's acct:73934436533863559090@fim not acct:73934436533863559090@fimk

so, question again. Can I edit the alias to fix it?

[FimKrypto]

Ok thanks... I have decided to move my FIM to a new wallet since DGEX's delete my password function doesn't seem to be working.
Is it possible to transfer the alias?

Not yet. But this is planned.
In NXT 1.2 this seems to be implemented.
As stated in the opening post we'll be staying very close to NXT, successful features like alias transfer but also digital goods store and other improvements will find their way into FIM after we had the time to test run those in our own environments, we like to run long tests (weeks) in live environments so that part will probably take the longest before you see any new NXT feature in FIM.

so, question again. Can I edit the alias to fix it?

Yes you can. You can do it from the client probably, but if that doesn't work please let us know.
You can do it manually (JSON API) for sure.

[onlinepro]

Amazed the price has not moved today with the announcement.  People just don't get it.  Implications are HUGE.  A wireless Point-of-Sale system using broadcast digital TV signals which covers 95% of Finland???  Finally, a plan to break out of this cryptoworld bubble.

I'll say it only once: Everyone has had opportunity to get FIMK at great prices.  Don't come back here in 6 months whining that we were all 'lucky' or somehow it's unfair.

Get it NOW!

That "A wireless Point-of-Sale system using broadcast digital TV signals" is for Bitcoin too, so why would it make Fim go to moon?
And if you check their website, http://kryptoradio.koodilehto.fi/, you can see it is mostly for Bitcoin.
I'm not saying Fim wouldn't have change to get big, but I doubt that this will be reason for it because Bitcoin is bigger already and it is made for Bitcoin at first place.

PS. Bitcoin is +20$ today, get in before it is too late, this TV signal thing is staring to get it to the moon already!

[onlinepro]

That "A wireless Point-of-Sale system using broadcast digital TV signals" is for Bitcoin too, so why would it make Fim go to moon?
And if you check their website, http://kryptoradio.koodilehto.fi/, you can see it is mostly for Bitcoin.

I'm not saying Fim wouldn't have change to get big, but I doubt that this will be reason for it because Bitcoin is bigger already and it is made for Bitcoin at first place.

Sorry, but Bitcoin is already dead to me.  Is too big for its own good, a lumbering dinosaur that doesn't see the incoming comet of crypto 2.0 (or, if it does, simply can't react fast enough to avoid it).

Too big? Are you that kind of bumper dumber guy?
You get in when coin is small and when it gets big you sell and get into some new small coin?
Why is big bad? Hard to make profit?
And what if Fim goes to mainstream, and gets big? Then you will sell it because big is bad?
And your right, Bitcoin is like big dinosaurs, it just laughs when small alts try to tickle it

[FimKrypto]

And, one more thing: I predict FIMK will have network capable of Transparent Forging before NXT.
NXT is still to concentrated and forging strength of the network is weak (and getting weaker with everyone trying 'offline' storage of NXT...).  FIMK's block rewards is the missing ingredient to a strong and healthy network capable of high transaction rates and TF.
Mark my words, we will get there first. 

Not to ruin your party but I don't think it's realistic to believe that FIMKrypto will have the infamous Transparent Forging feature before NXT does.
As soon as the last part of TF is available and it's desirable for FIM (since we already have 30 second blocks) we will embed that in FIM if the community decides so.

NXT is like a train that continues to push forward and has the large community behind it to develop these low level features (just like Bitcoin developed those before that).
FIMKrypto builds on that strong base and adds value and real-life applications of that technology in Finland and beyond.

We are capable developers but just a few (for now) so we will focus on creating features that offer direct value to end users. You can expect improvements to the client (support for mobile) and lighter features like adding encrypted p2p direct messaging (free/off blockchain) to the protocol.
Implementing/Completing TF is extremely resource intensive and probably not the best use of our resources.

[onlinepro]

Too big? Are you that kind of bumper dumber guy?
You get in when coin is small and when it gets big you sell and get into some new small coin?
Why is big bad? Hard to make profit?
And what if Fim goes to mainstream, and gets big? Then you will sell it because big is bad?

When I say 'big', I talk not about price or network effect.  I talk about technology and resistance to change.

Bitcoin has too much stationary momentum, and can't (or won't) change direction.  That is what I mean by 'too big'.

Can you tell me what is wrong with Bitcoin that is now fixed in Fim?
I do hope all good for Fim because I'm getting them for free every month since I'm Finn, so don't get me wrong and think I hate Fim, I'm just wondering why you hate Bitcoin.

[PilotofBTC]

NXT is still too concentrated and forging strength of the network is weak (and getting weaker with everyone trying 'offline' storage of NXT...).

Offline storage doesn't affect forging since you can lease your coins from one account to another.

So, I can run a node on my PC on an account with a very small balance and have my primary balance in "cold storage" (meaning the password is never entered on an online machine) and lease the balance to my id where I run a live node.

FIMK will work the same way, since it is NXT code. I think if any crypto coin is going to go mainstream it needs to be easy to use and highly secure for the average user.

[twistelaar]

price predictions for this coin?

[onlinepro]

Can you tell me what is wrong with Bitcoin that is now fixed in Fim?

10 minute block time makes unsuitable for many types of transactions.

Reliance on outside forces (miner hashing power) to secure the network.  A large enough entity could destroy Bitcoin for comparatively little cost with 51% hashing power.  Have not seen the math recently, but was in tens of millions of USD last I checked.  Would be peanuts if anyone big ever felt seriously threatened by Bitcoin.

Isn't it even easier to 51% attack with Fim?
Wouldn't it be possible right now? Blocks 16191 and 16192 were made by same person...
If some big account buys more Fims it would be very easy to get multiple blocks in row.

price predictions for this coin?

To the moon, buy this with all your money.

[Vega]

Isn't it even easier to 51% attack with Fim?
Wouldn't it be possible right now? Blocks 16191 and 16192 were made by same person...
If some big account buys more Fims it would be very easy to get multiple blocks in row.

They would need to buy 325M+ coins.
The price would rise exponentionally as they buy. It would take a hundred or two million USD to accomblish this.


edit: you misunderstand the technology. For a 51% attack they don't need to forge 51% of the blocks, but have to possess 51% of the coins in circulation.

[Vega]

It looks like price not gonna rise until FIM-8H5A-3CKW-YW4G-7AW9T unloads. Just sent another 2.4 million to dgex, making it 6.7 million total.
(I don't have a problem with it, just making an observation.)

[PilotofBTC]

FYI:

I was able to delete my FIMK password from DGEX. Apparently they have a script issue if you try it in Chrome. But, it worked correctly in FireFox.

[chengren]

http://www.yibite.com/blog-23482-468.html

introduce FIMK new update

[PilotofBTC]

http://www.yibite.com/blog-23482-468.html

introduce FIMK new update

Any details on how this works. Since it is one way? Is there one channel that the full blockchain will be transmitted on over and over, and another that will just send updates? So, you listen to one, get the full block chain, then listen to the other for updates?