[ANN][RSU]█ ReserveShare █ NXT AE | FAIR distribution | First POR| UNIQUE Source

[Black_Market]

Yes, and as I said earlier, NODE is the only cryptocurrency that do really INSTANT transactions. 2 seconds or so, without waiting for confirmations. They published some old source code, not for the latest client.

where is the old source code?

[pigheadbig]

We need dev, people and then we can discuss which direction (software) to go.

edit: Blackmarket, do you want to take the lead? It would be more efficient that way.

forget the dev, he is gone ,
and the coin is dead indeed.

[Black_Market]

We need dev, people and then we can discuss which direction (software) to go.

edit: Blackmarket, do you want to take the lead? It would be more efficient that way.

i think it later, this is not easy

[jioy]

is the dev run away?

[kora2]

I think basing something on HyperStake might work too.

https://bitcointalk.org/index.php?topic=678849.0

It's a reboot of 'truckcoin' blockchain which was PoW, but HyperStake is pure PoS, and it has some very innovative economic features. Very high stake 750%, but it also includes very clever inflation control through having a maximum block reward of 1000HYP.

The innovation with HyperStake is in the 'numbers' and the economics, so we could alter them slightly and see what happens. Maybe change the stake interest to 1000%, with a max block reward of 1500, something like that.

Code would probably be a copy-edit-paste job, so less demanding, but still an interesting experiment.

[Momimaus]

I think basing something on HyperStake might work too.

https://bitcointalk.org/index.php?topic=678849.0

It's a reboot of 'truckcoin' blockchain which was PoW, but HyperStake is pure PoS, and it has some very innovative economic features. Very high stake 750%, but it also includes very clever inflation control through having a maximum block reward of 1000HYP.

The innovation with HyperStake is in the 'numbers' and the economics, so we could alter them slightly and see what happens. Maybe change the stake interest to 1000%, with a max block reward of 1500, something like that.

Code would probably be a copy-edit-paste job, so less demanding, but still an interesting experiment.

If you can do that, let´s go.

[kora2]

I think basing something on HyperStake might work too.

https://bitcointalk.org/index.php?topic=678849.0

It's a reboot of 'truckcoin' blockchain which was PoW, but HyperStake is pure PoS, and it has some very innovative economic features. Very high stake 750%, but it also includes very clever inflation control through having a maximum block reward of 1000HYP.

The innovation with HyperStake is in the 'numbers' and the economics, so we could alter them slightly and see what happens. Maybe change the stake interest to 1000%, with a max block reward of 1500, something like that.

Code would probably be a copy-edit-paste job, so less demanding, but still an interesting experiment.

If you can do that, let´s go.

Unfortunately I'm not a developer, but I am very willing to contribute towards a bounty to find a dev. I've already offered 20,000 RSU (2% of coin supply) to any dev who gets this up and running

[pigheadbig]

is the dev run away?

definitely, he is now enjoying his btc from the shareholders.

[lolilo]

Hey DEV!!!!

Did you read about the SEC???


You're going to jail bitch.
they will find you... 

[ParmaBTC]

Hey DEV!!!!

Did you read about the SEC???


You're going to jail bitch.
they will find you... 

what do youo mean? explain please

what is SEC?

[josegines]

Unfortunately I'm not a developer, but I am very willing to contribute towards a bounty to find a dev. I've already offered 20,000 RSU (2% of coin supply) to any dev who gets this up and running

Thanks for your efforts. I believe that if we all should put 10 or 20 % of our RSU, we would find several available dev.

[felment]

Hey DEV!!!!

Did you read about the SEC???


You're going to jail bitch.
they will find you... 

what do youo mean? explain please

what is SEC?

It's the US Securities Exchange Commission and you can read about it's latest ruling that exchanges must apply for money transmtter licenses here.

https://bitcointalk.org/index.php?topic=837026.0

[DarkhorseofNxt]

We should put more effort in finding a new dev. Would it be a good idea to open a new thread looking for a new developer? What do you guys think?

To the rest, there are no source code available, we have nothing. Best we can do is invite a new developer with a new idea. 

[DarkhorseofNxt]

I have posted / created a new thread on this

https://bitcointalk.org/index.php?topic=838902.new#new

Please support.

[DarkhorseofNxt]

Hi DarkhorseofNxt
  I am  a  c++   programmer。There are 3 years experience.Begin to pay close attention to the crypto last year。

  Now is 24 hours  a  day is engaged in the crypto  in a full-time.

Guys,

I received a pm from an interested developer. I will let you guys to do the interview and let us know your opinion.

tan625747,
I hope you would be able to answer the questions in this thread. And thank you for letting me know your interest.

[DarkhorseofNxt]

Tan,
Do you have any experience building a coin? btw are you from China?

[DarkhorseofNxt]

what problem?

[bee7]

Hi, community.

I read the ann topic from which I got that you are looking for a new dev. My attention were attracted by the previously unknown to me PoR model. After reading through whitepaper I got some questions that most likely would keep me from attempt to implement something similar.

The most important question is about point VII of the Block Generation Method description. The traditional models of block creation (both PoW and PoS) assume that no node is able to create a block at will, so there could be no storm of messages over the network advertising a newly created blocks (if that happens then difficulty is adjusted to meet the target time between such advertisements), and, in a sense, the block creation method itself arbitrages who creates the block.

With PoR model described it is necessary to decide somehow who is the node 'D' (see the whitepaper). To accomplish this some kind of election should be performed over the network but the criteria for this election is completely artificial in relation to the block generation process. Also, it is fine to perform an election when the number of nodes is relatively small. But with growth of the network the number of messages to exchange to complete such election should grow exponentially, as at least 51% of all nodes should confirm to each other that they agree to make some node X the generating one. Thus, the complete idea looks unfeasible to me at least now.

Did you discuss this question somewhere in this thread?

Thank you.

Edited for clarity.

[bee7]

Hi, community.

I read the ann topic from which I got that you are looking for a new dev. My attention were attracted by the previously unknown to me PoR model. After reading through whitepaper I got some questions that most likely would keep me from attempt to implement something similar.

The most important question is about point VII of the Block Generation Method description. The traditional models of block creation (both PoW and PoS) assume that no node is able to create a block at will, so there could be no storm of messages over the network advertising a newly created blocks (if that happens then difficulty is adjusted to meet the target time between such advertisements), and, in a sense, the block creation method itself arbitrages who creates the block.

With PoR model described it is necessary to decide somehow who is the node 'D' (see the whitepaper). To accomplish this some kind of election should be performed over the network but the criteria for this election is completely artificial in relation to the block generation process. Also, it is fine to perform an election when the number of nodes is relatively small. But with growth of the network the number of messages to exchange to complete such election should grow exponentially, as at least 51% of all nodes should confirm to each other that they agree to make some node X the generating one. Thus, the complete idea looks unfeasible to me at least now.

Did you discuss this question somewhere in this thread?

Thank you.

Edited for clarity.

It is easy to develop ponzi scheme 。

i  dont  think it  is a  fair  distribution。it  is just a  ponzi.

but  I  am  must  come  ture  it.  it  is easy.

I am  a c++  propramer.

Tan, with all respect this is not an answer for my question.
I see that you already in, so I wish you all good luck.

[DarkhorseofNxt]

The most important question is about point VII of the Block Generation Method description. The traditional models of block creation (both PoW and PoS) assume that no node is able to create a block at will, so there could be no storm of messages over the network advertising a newly created blocks (if that happens then difficulty is adjusted to meet the target time between such advertisements), and, in a sense, the block creation method itself arbitrages who creates the block.

From the white paper:

" VII. When reserving takes place it is broadcasted to the network, so offline block generation is possible by other peers, no need for keeping the wallet online to get the return. A generated block will be signed by other peers. Example of offline block generating: A puts in reserve X amount, and the reserving is brodcast to B, C, D, E, F, G, H, J peers. D generates a block for A, that is accepted only if B, C, E, F, G, H signs the transaction as valid. "

I am not so sure if i am getting this right, but it sounds like this proposed system is a brain wallet. Isn't POS is a system where a block is created every x amount of time. IN NXT, a block is created every 60 secs, therefore 1440 blocks per day.