EDIT: Seems like the guy is spamming the forums with the same message looking for coins to pump, shoo pumper shoo, go pump icebergcoin.
could anyone summarise what's special about it?
Here's an attempt for ELI5. Well maybe more like ELI12.
NUD works on two fronts. First you need to have a Tor address.
(You need to install Tor yourself and turn your wallet into a hidden service)
Others on the network will not then see your IP address, instead
they see you something like lcqnp3bufy2hoosd.onion.
When your address is relayed through Tor network, it's pretty good anonymity,
meaning that it is pretty hard for anybody figure out who is behind
the .onion address.
This in itself is not very remarkable (some other coins have it too), but NUD
adds another layer of anonymity in the form of transactions by delegate.
A delegate is someone who uses a part of his total balance to service
other users for a fee. So when you want to send NUD anonymously,
your wallet contacts a delegate wallet that has enough NUD to fund
your transaction. Then the delegate transfers his coins to recipient,
and afterwards you send an equal amount (plus delegate fee) to the delegate.
The end result is that there is no record in the blockchain that links you to the recipient.
What is recorded are the payments from the delegate to the recipient
and from you to the delegate, but for an outsider it is hard to say who is the sender
and who is the delegate, especially when there are many transactions
of this kind.
The wonderful thing is that all this happens kind of automatically. The
sender just pushes a button and goes to sleep. The delegate can be
asleep all the time. The wallet takes care of the processing. And if something
goes wrong (like computer crashing when they're asleep), the sender or the delegate can
reclaim their NUD. That works because the transactions have an inbuilt escrow
mechanism.
This is the gist of it. In practice however there are still a few hurdles and
wrinkles, that will no doubt be levelled out as NUD matures.
have the devs lived up to their promises?
Yes
premines?
instamines?
well distributed? is there a rich list?
buggy code?
No, no, no, no
are these are hard core programmers, not "copy-paste" devs or middlemen? When bugs/fork challenge popped up, were they fixed quickly?
Yes, no, yes. Seems like some original innovation
dev squabbles?
dev complacency?
missed deadlines?
Anything to worry about?
(What does Edison have to do with currency?)
squabbles? No, no.
Views on money
Thomas Edison was an advocate for monetary reform in the United States. He was ardently opposed to the gold standard and debt-based money. Famously, he was quoted in the New York Times stating "Gold is a relic of Julius Caesar, and interest is an invention of Satan."[92]
In the same article, he expounded upon the absurdity of a monetary system in which the taxpayer of the United States, in need of a loan, be compelled to pay in return perhaps double the principal, or even greater sums, due to interest. His basic point was that if the Government can produce debt-based money, it could equally as well produce money that was a credit to the taxpayer.[92]
He thought at length about the subject of money over 1921 and 1922. In May 1922, he published a proposal, entitled "A Proposed Amendment to the Federal Reserve Banking System".[93] In it, he detailed an explanation of a commodity-backed currency, in which the Federal Reserve would issue interest-free currency to farmers, based on the value of commodities they produced. During a publicity tour that he took with friend and fellow inventor, Henry Ford, he spoke publicly about his desire for monetary reform. For insight, he corresponded with prominent academic and banking professionals. In the end, however, Edison's proposals failed to find support, and were eventually abandoned.
if this is realy mint with only the wallet that would be amazng ! ;-) i really like that idea
it isn't a good idea, as anybody with sufficient knowledge of the wallet can manipulate that and modify his own wallet... (I am pretty sure it would be a totally transparent change).
if this is realy mint with only the wallet that would be amazng ! ;-) i really like that idea
is this coin only minted by wallet or gpu/cpu ?
is this coin only minted by wallet or gpu/cpu ?
no point in trying to develop a gpu miner if it works only from the wallet.
I am not sure where do all these messages with no logical basis come from.
