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Report 02-Dec-2014 singapore
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kushti

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Report 02-Dec-2014
« on: December 02, 2014, 09:30:31 pm »

Our first bi-weekly report shows a lot of work done, I hope so :)

1. andruiman has finished & published multi-branch forging simulation tool https://github.com/ConsensusResearch/MultiBranch with some formal proofs around that. Paper about multibranch forging and its relation to Transparent Forging is published https://github.com/ConsensusResearch/articles-papers/tree/master/multibranch

2. I have finished Nxt-like 100% Proof-of-Stake forging simulation & just published it https://github.com/ConsensusResearch/ForgingSimulation. It's possible to play with Nxt forging algo and test changes without costly NRS modification from now  :)

"Inside a Proof-of-Stake cryptocurrency" series is also finished. Finally it has 4 articles being published:


Nothing-at-Stake - by mixing both blockchain & blocktree simulations together famous Nothing-at-Stake attack could be simulated as well, e.g. we can mix "attacker" doing blocktree forging with nodes doing blockchain forging Nxt has now. Even more, we already have some simulations done! First results have been sent yesterday to some Nxt core devs, few days later a paper will be sent to investors(spent at least 10K), some active contributors and guys we're highly welcome feedback from(Damelon, benjyz, mthcl), few days after that it will be available publicly.


PS. Our Phase 1 tokens are still for sale: https://trade.secureae.com/#5841059555983208287

PPS. If you want and can do cross-checking, please write me, I'll give you early access.





« Last Edit: December 03, 2014, 12:01:56 pm by kushti »
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Mexxer

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Re: Report 02-Dec-2014
« Reply #1 on: December 02, 2014, 09:33:56 pm »

Outstanding!

I'm really interested in the Nothing-at-Stake simulation and results!
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Damelon

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Re: Report 02-Dec-2014
« Reply #2 on: December 02, 2014, 09:48:11 pm »

Huzzah!

Thanks for all your great and véry constructive work, guys!
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sadface

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Re: Report 02-Dec-2014
« Reply #3 on: December 02, 2014, 10:07:38 pm »

wow good job.
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kushti

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Re: Report 02-Dec-2014
« Reply #4 on: December 03, 2014, 12:20:23 pm »

Some notes regarding expenses:

1. 2,000 Nxts sent as donation to benjyz for contributing to papers/tutorials, and papers forum topic
2. All outgoing transactions have public comments http://www.mynxt.info/blockexplorer/details.php?action=ac&ac=4148195338447719647 . Transparent budget is what we'd like to have.
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rudeboi

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Re: Report 02-Dec-2014
« Reply #5 on: December 03, 2014, 03:23:11 pm »

Nice work Kusti.
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MrV777

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Re: Report 02-Dec-2014
« Reply #6 on: December 03, 2014, 03:29:41 pm »

Some notes regarding expenses:

1. 2,000 Nxts sent as donation to benjyz for contributing to papers/tutorials, and papers forum topic
2. All outgoing transactions have public comments http://www.mynxt.info/blockexplorer/details.php?action=ac&ac=4148195338447719647 . Transparent budget is what we'd like to have.

Thanks for all the work and the transparency. Great work!
Quick question when I look at your transactions, are you using an older version of NRS?  I can't remember what version the code was changed in the UI, but I believe you are paying too much in fees.  I think it should be 1NXT no matter the amount you send.  Can anyone confirm this?
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Daedelus

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Re: Report 02-Dec-2014
« Reply #7 on: December 03, 2014, 03:47:22 pm »

1 Nxt can send any amount.

You are right that at one point, a certain percentage was automatically entered based on the amount sent. You could then overwrite to the min. I remember one or two getting upset by this and it was bad PR as it made Nxt seem to have high fees. Maybe Kushti just likes the Forgers/Pools :)

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ThomasVeil

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Re: Report 02-Dec-2014
« Reply #8 on: December 05, 2014, 11:56:08 am »

PS. Our Phase 1 tokens are still for sale: https://trade.secureae.com/#5841059555983208287

It seems to be out of stock now. Not sure if that's the idea - but would make sense to me if there were always some for sale.
Lowest offer is 10 at the moment, which is a bit steep compared to the issuing price.

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kushti

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Re: Report 02-Dec-2014
« Reply #9 on: December 05, 2014, 01:14:44 pm »

It seems to be out of stock now. Not sure if that's the idea - but would make sense to me if there were always some for sale.
Lowest offer is 10 at the moment, which is a bit steep compared to the issuing price.

Sounds reasonable so I put another 400,000 assets but plans for according spendings will be published few days later along with following work plan. Money collected prior will be just accumulated.


P.S. Seems we're misunderstood at the moment so I'm going to write a bunch of blogposts like Buterin's but shorter about the work done and its consequences  :)

P.P.S. and yeah I set fee slightly more than 1 Nxt for big transactions to support forgers
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Damelon

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Re: Report 02-Dec-2014
« Reply #10 on: December 05, 2014, 01:40:54 pm »

It's a good idea álways to keep that wall up, because people start to trade for ridiculous prices for which people will blame yóu if they think they are supporting you with 10Nxt per Asset, while all is going into the pocket of some trader looking to make a buck out of it.

It's one of the weaknesses of fundraising using an Asset.


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kushti

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Re: Report 02-Dec-2014
« Reply #11 on: December 12, 2014, 07:37:29 pm »

Last update for this report probably:

1. andruiman has finished Nothing-at-stake paper, I'm making final checking now. Later it will be sent with tldr comments to chosen fews and investors, then will be publicly available during the next week

2. The new article about the forging simulation tool has been published http://chepurnoy.org/blog/2014/12/forging-simulation-tool/

3. Well, next phase will be started on Monday. We made two first phases for the price of one, and have realized some rescheduling needed. Hopefully we'll start implementation for the real world(i.e. NRS alternative branch) in February, but time will show

4. After N@S paper public release I think to post an open letter to V. Buterin. We disagree with some of his N@S-related statements


P.S. Someone put our assets for sale @ 0.8. Weird  ???

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Come-from-Beyond

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Re: Report 02-Dec-2014
« Reply #12 on: December 12, 2014, 08:40:58 pm »

4. After N@S paper public release I think to post an open letter to V. Buterin. We disagree with some of his N@S-related statements

Why open letter?
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kushti

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Re: Report 02-Dec-2014
« Reply #13 on: December 12, 2014, 08:58:43 pm »

4. After N@S paper public release I think to post an open letter to V. Buterin. We disagree with some of his N@S-related statements

Why open letter?

Well, I sent a mail  to Vitalik & Stephan asking for feedback on the multibranch paper and got no any answer. So seems they didn't want to communicate, but a lot of people around citing Vitalik's statements when I'm talking with them. So anyway we're communicating with the Ethereum guys ideas, but in non-productive indirect way. I think it's better to start public discussion for the good of all parties involved.
« Last Edit: December 12, 2014, 09:06:41 pm by kushti »
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Come-from-Beyond

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Re: Report 02-Dec-2014
« Reply #14 on: December 12, 2014, 09:15:29 pm »

Well, I sent a mail  to Vitalik & Stephan asking for feedback on the multibranch paper and got no any answer. So seems they didn't want to communicate, but a lot of people around citing Vitalik's statements when I'm talking with them. So anyway we're communicating with the Ethereum guys ideas, but in non-productive indirect way. I think it's better to start public discussion for the good of all parties involved.

I see. Though I think it's not because they don't want to communicate, they are just very busy the last month with Ethereum events all over the world.
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bitcoinpaul

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Re: Report 02-Dec-2014
« Reply #15 on: December 12, 2014, 11:15:19 pm »

they are just very busy the last month with Ethereum events all over the world.

Yea yea yea, events are more important than code :D
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kushti

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Re: Report 02-Dec-2014
« Reply #16 on: December 13, 2014, 12:15:09 pm »

I see. Though I think it's not because they don't want to communicate, they are just very busy the last month with Ethereum events all over the world.

Have no time to investigate a business of the guys :) Anyway, public written discussion is good for all participants & watchers.


The paper is sent to investors (http://www.mynxt.info/blockexplorer/details.php?action=ac&ac=4148195338447719647), Nxt core devs, and known researchers. Public release will be soon
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Come-from-Beyond

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Re: Report 02-Dec-2014
« Reply #17 on: December 13, 2014, 12:34:36 pm »

Anyway, public written discussion is good for all participants & watchers.

You hurry too much. Vitalik didn't state publicly assumptions his vision is based on (or you have a link?) so actually you can't argue with him in an open letter. Without agreeing on the assumptions first you both will be comparing apples and oranges.
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jl777

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Re: Report 02-Dec-2014
« Reply #18 on: December 13, 2014, 05:02:32 pm »

Anyway, public written discussion is good for all participants & watchers.

You hurry too much. Vitalik didn't state publicly assumptions his vision is based on (or you have a link?) so actually you can't argue with him in an open letter. Without agreeing on the assumptions first you both will be comparing apples and oranges.
but isnt sqrt(apple) == constant * orange?
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Damelon

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Re: Report 02-Dec-2014
« Reply #19 on: December 14, 2014, 01:16:55 pm »

Apples are shy oranges.
Everybody knows that.
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benjyz

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Re: Report 02-Dec-2014
« Reply #20 on: December 15, 2014, 05:26:07 pm »

"Many shall be restored that now are fallen, and many shall fall that now are in honor"
Horace, quoted after Ben Graham

By the way I've seen this on hackernews today with regards to Coq: http://research.microsoft.com/en-us/um/people/nick/coqasm.pdf
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kushti

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Re: Report 02-Dec-2014
« Reply #21 on: December 15, 2014, 11:49:41 pm »

Without agreeing on the assumptions first you both will be comparing apples and oranges.

Agree, but his assumptions are quite clear for us, we hope so at least  :)

Sell wall bought back based on mutual agreement.

And we're finishing phase 1 / starting phase 2 https://nxtforum.org/consensus-research/phase-1-results-phase-2-start/
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