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[ANN] NXT Security Coin (NSC) - Get Paid For Supporting The NXT Network!
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Author Topic: [ANN] NXT Security Coin (NSC) - Get Paid For Supporting The NXT Network!  (Read 155712 times)

devphp

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They probably don't know what the effect was for the dump. The InfFund isn't likely to buy ~55000 NXT worth of NSC-coins weekly. We need a whale…. again.  :(

Of course not 55k.

It would be no more than 10k per week if InfFund puts in a buy order with the price of 1 NXT. This will let InfFund support the NSC initiative for quite a few months. Otherwise I don't know why InfFund was created in the first place?

Whales don't seem to see much immediate value in NSC either to support it. There is no use waiting for them to act, next Sunday there will be zero buy orders left.
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cobaltskky

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@abc It depends on how much NXT is in the account that hallmarked the node. For a hallmark with 10000+ nxt, it's 3.5 nsc per day. The opening post has the break down on the payout structure.
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cobaltskky

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I suspect next Sunday's payout to be more in the 6-7k range.
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Jack Needles

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Thinking about NSC as node incentive...  The problem with the current state of NSC is that is relies too heavily on generous benefactors to sustain a price level.

What if the economics could be shifted?  What if NSC value could be driven by market forces instead?

Here's one possible idea:
- No NSC to forgers, transaction fees already incentivizes.
- Amount of awarded NSC to hallmarked nodes based upon how much NSC the corresponding account holds.
- If NSC held is under a minimum, award some NSC as a base reward.
- This could create demand to hold NSC, and encourage the market to sustain a higher price level
- Speculators and day traders would be encouraged to trade NSC for profit.

Always open to others' ideas.  Can other uses be envisioned for NSC that gives it value without benefactors?  How can the asset be used to drive value and network strength simultaneously?  (ie: a node operator might accept NSC as payment to provide a proxy service).

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farl4bit

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Thinking about NSC as node incentive...  The problem with the current state of NSC is that is relies too heavily on generous benefactors to sustain a price level.

What if the economics could be shifted?  What if NSC value could be driven by market forces instead?

Here's one possible idea:
- No NSC to forgers, transaction fees already incentivizes.
- Amount of awarded NSC to hallmarked nodes based upon how much NSC the corresponding account holds.
- If NSC held is under a minimum, award some NSC as a base reward.
- This could create demand to hold NSC, and encourage the market to sustain a higher price level
- Speculators and day traders would be encouraged to trade NSC for profit.

Always open to others' ideas.  Can other uses be envisioned for NSC that gives it value without benefactors?  How can the asset be used to drive value and network strength simultaneously?  (ie: a node operator might accept NSC as payment to provide a proxy service).


Great thinking sir!
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colin012

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Hey Skky. What do you think of the sister asset I made: Sentinelcoin (SentinelC)? I already sent you some just for running NSC! I am very curious as to what your opinion is.
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cobaltskky

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I'll have to take a look at it! Is it an nsc competitor? Lol thanks for the coin!!

EDIT: Checked it out.  That's a cool idea!  How do you determine if someone is running a node on a DDoS protected server?
« Last Edit: July 30, 2014, 10:00:24 pm by cobaltskky »
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cobaltskky

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Strange, but my hallmarked node at https://217.17.88.5:7875/ with account NXT-PJ4S-P5MU-LFBV-6ARBY not in the list this week. Last week everything was normal. Maybe https is a matter?

Martis, looks like my nodes have seen yours so far this week, and the script counted them. :)

Farl, want me to spot check some of yours to see how they're doing on my Hallmark list?
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martismartis

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Strange, but my hallmarked node at https://217.17.88.5:7875/ with account NXT-PJ4S-P5MU-LFBV-6ARBY not in the list this week. Last week everything was normal. Maybe https is a matter?

Martis, looks like my nodes have seen yours so far this week, and the script counted them. :)

Farl, want me to spot check some of yours to see how they're doing on my Hallmark list?

Yes I saw, but now they don't see it as hallmarked:

http://54.85.132.143:7876/nxt?requestType=getPeer&peer=217.17.88.5
http://54.88.54.58:7876/nxt?requestType=getPeer&peer=217.17.88.5

It gives different results (state, uploaded downloaded volumes). Is this a problem? And how it can be?
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farl4bit

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Strange, but my hallmarked node at https://217.17.88.5:7875/ with account NXT-PJ4S-P5MU-LFBV-6ARBY not in the list this week. Last week everything was normal. Maybe https is a matter?

Martis, looks like my nodes have seen yours so far this week, and the script counted them. :)

Farl, want me to spot check some of yours to see how they're doing on my Hallmark list?
Yes, please.
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cobaltskky

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Strange, but my hallmarked node at https://217.17.88.5:7875/ with account NXT-PJ4S-P5MU-LFBV-6ARBY not in the list this week. Last week everything was normal. Maybe https is a matter?

Martis, looks like my nodes have seen yours so far this week, and the script counted them. :)

Farl, want me to spot check some of yours to see how they're doing on my Hallmark list?
Yes, please.

Can you send over some of the IP's or NXT accounts?
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farl4bit

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Strange, but my hallmarked node at https://217.17.88.5:7875/ with account NXT-PJ4S-P5MU-LFBV-6ARBY not in the list this week. Last week everything was normal. Maybe https is a matter?

Martis, looks like my nodes have seen yours so far this week, and the script counted them. :)

Farl, want me to spot check some of yours to see how they're doing on my Hallmark list?
Yes, please.

Can you send over some of the IP's or NXT accounts?


bitsy01.vps.nxtcrypto.org - 192.80.146.102 - NXT-AY47-Q3Y7-8Z5F-933DX
bitsy02.vps.nxtcrypto.org - 199.193.252.45 - NXT-B77G-XWNH-FUBK-4R294
bitsy03.vps.nxtcrypto.org - 192.157.245.166 - NXT-2ESG-3KX9-MDSD-6RZKU
bitsy04.vps.nxtcrypto.org - 172.246.126.153 - NXT-Q969-6ZVA-93DR-2P2Z9
bitsy05.vps.nxtcrypto.org - 198.71.88.158 - NXT-8V3V-VBVS-8QRP-AUDAP
bitsy06.vps.nxtcrypto.org - 23.89.198.45 - NXT-5XR9-GPZH-Y493-7CA67
bitsy07.vps.nxtcrypto.org - 198.98.124.225 - NXT-NU9H-4CWK-F4BB-3DRE8
bitsy08.vps.nxtcrypto.org - 199.193.253.216 - NXT-5ZMB-DC3E-HFTD-GWSVP
bitsy09.vps.nxtcrypto.org - 198.56.144.222 - NXT-P56J-Q9WF-JHSA-5UA59
bitsy10.vps.nxtcrypto.org - 198.98.117.120 - NXT-K7Z9-JL75-ZXYL-2443D
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cobaltskky

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Strange, but my hallmarked node at https://217.17.88.5:7875/ with account NXT-PJ4S-P5MU-LFBV-6ARBY not in the list this week. Last week everything was normal. Maybe https is a matter?

Martis, looks like my nodes have seen yours so far this week, and the script counted them. :)

Farl, want me to spot check some of yours to see how they're doing on my Hallmark list?

Yes I saw, but now they don't see it as hallmarked:

http://54.85.132.143:7876/nxt?requestType=getPeer&peer=217.17.88.5
http://54.88.54.58:7876/nxt?requestType=getPeer&peer=217.17.88.5

It gives different results (state, uploaded downloaded volumes). Is this a problem? And how it can be?

I can't really explain that phenomenon.  Maybe one of the NXT dev's can explain this one?
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cobaltskky

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bitsy01.vps.nxtcrypto.org - 192.80.146.102 - NXT-AY47-Q3Y7-8Z5F-933DX - seen three days so far
bitsy02.vps.nxtcrypto.org - 199.193.252.45 - NXT-B77G-XWNH-FUBK-4R294 - seen four days so far
bitsy03.vps.nxtcrypto.org - 192.157.245.166 - NXT-2ESG-3KX9-MDSD-6RZKU - seen one day so far
bitsy04.vps.nxtcrypto.org - 172.246.126.153 - NXT-Q969-6ZVA-93DR-2P2Z9 - not seen :(
bitsy05.vps.nxtcrypto.org - 198.71.88.158 - NXT-8V3V-VBVS-8QRP-AUDAP - seen three days so far
bitsy06.vps.nxtcrypto.org - 23.89.198.45 - NXT-5XR9-GPZH-Y493-7CA67 - seen four days so far
bitsy07.vps.nxtcrypto.org - 198.98.124.225 - NXT-NU9H-4CWK-F4BB-3DRE8 - seen one day so far
bitsy08.vps.nxtcrypto.org - 199.193.253.216 - NXT-5ZMB-DC3E-HFTD-GWSVP - seen two days so far
bitsy09.vps.nxtcrypto.org - 198.56.144.222 - NXT-P56J-Q9WF-JHSA-5UA59 - seen three days so far
bitsy10.vps.nxtcrypto.org - 198.98.117.120 - NXT-K7Z9-JL75-ZXYL-2443D - seen two days so far


It looks like my node isn't recognizing the hallmark on 172.246.126.153:

http://54.85.132.143:7876/nxt?requestType=getPeer&peer=172.246.126.153

That's why it isn't being counted.  I think rebooting has helped Martis with this issue.  I'm starting to consider that maybe the hallmarked nodes should be setup via a chron job to automatically reboot themselves and start the NRS server again.  This might be the solution to my nodes not recognizing the hallmarks every day.  Farl, can you please reboot 172.246.126.153 and run the http request above to see if the hallmark field displays?  If it does, I'm really thinking an automated, scheduled reboot is our next step toward finding a solution for this problem.
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farl4bit

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I rebooted bitsy04 for you. I am not technical enough to do the other stuff.
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cobaltskky

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I rebooted bitsy04 for you. I am not technical enough to do the other stuff.

Weird.  Still not seeing a hallmark on it.  I'll restart my NRS server and see if that makes a difference.

EDIT: Nope - still don't see the hallmark...
« Last Edit: July 31, 2014, 06:39:01 pm by cobaltskky »
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forkedchain

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i restarted farl4bit's bitsy04 NRS process and the log shows this:

2014-07-31 19:17:55 INFO: nxt.myHallmark = "2f1ace3a93143167f6d624a6446df220a49a45d03d112203783fe0f4fbff133a1900626974737930342e7670732e6e787463727970746f2e6f7267640000009b293301f10a9394321f53262e108906279f4cbbf95b398485a363a1655d7753ee0e9de10be777260e747eb9bf5d9084190fc1851e2b780c5a64d622d9ff3bed0443f36749"

this is prob a dev question
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LiQio

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bitsy04.vps.nxtcrypto.org seems up (replies to ping)
but port 7874 is not open (no reply from jetty)

Edit: now it does reply - another reboot I guess

adsactly

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I am going to look into this more I would like to start running several Nodes to help secure
the NXT Network.

However I have to successfully get one running first before we think about more than one.

HAHA
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cobaltskky

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Re: [ANN] NXT Security Coin (NSC) - Get Paid For Supporting The NXT Network!
« Reply #99 on: August 01, 2014, 12:08:04 am »

I am going to look into this more I would like to start running several Nodes to help secure
the NXT Network.

However I have to successfully get one running first before we think about more than one.

HAHA

It's not too hard. :)  There are guides linked in the OP. :)
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