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Author Topic: Price speculation  (Read 3902371 times)

valarmg

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Re: Price speculation
« Reply #13340 on: October 22, 2014, 02:30:21 pm »

No need to forge on more than one chain.

Actually, it's better to forge all possible chains. This increases security of the blockchain. EC will decide what chain is the best.

EC isn't implemented yet or even fully documented. That's one of the bitcoiners valid points about Nxt, whenever they point out flaws, we say TF or EC, which don't exist except in nebulous plans.
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Daedelus

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Re: Price speculation
« Reply #13341 on: October 22, 2014, 02:41:35 pm »

That was in a thread about Nothing at Stake >>> https://nxtforum.org/general-discussion/bounty-for-successful-nothing-at-stake-attack/msg60114/#msg60114

I will add the discussion from there too.

Updated with Vitalik's comments. I believe that is the most comprehensive account of EC from the horses mouth. Still not clear? Then we need to show we want to dig into it more. It is the only way CfB dishes out the scraps of info, we have to show we're willing to think about it.

And I added a question at the bottom.

https://nxtforum.org/economic-clustering/cfb's-announcement-of-economic-clustering/
« Last Edit: October 22, 2014, 02:43:58 pm by Daedelus »
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InYourFace

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Re: Price speculation
« Reply #13342 on: October 22, 2014, 03:31:05 pm »

Buy wall of 1 Million NXT for about 6000 satoshi on NXT Asset Exchange, and another 3 Million for about 5700!

http://www.nxtreporting.com/?as=4551058913252105307

« Last Edit: October 22, 2014, 03:34:49 pm by InYourFace »
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salsacz

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Re: Price speculation
« Reply #13343 on: October 22, 2014, 03:42:06 pm »

[100% upfront payment] Earn 1 BTC a month to spread fud and troll
https://bitcointalk.org/index.php?topic=819814.0
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youyou

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Re: Price speculation
« Reply #13344 on: October 22, 2014, 03:47:32 pm »

[100% upfront payment] Earn 1 BTC a month to spread fud and troll
https://bitcointalk.org/index.php?topic=819814.0

lol
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_mr_e

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Re: Price speculation
« Reply #13345 on: October 22, 2014, 03:51:14 pm »

Buy wall of 1 Million NXT for about 6000 satoshi on NXT Asset Exchange, and another 3 Million for about 5700!

http://www.nxtreporting.com/?as=4551058913252105307
Isn't that actually a sell wall?
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InYourFace

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Re: Price speculation
« Reply #13346 on: October 22, 2014, 04:23:42 pm »

Buy wall of 1 Million NXT for about 6000 satoshi on NXT Asset Exchange, and another 3 Million for about 5700!

http://www.nxtreporting.com/?as=4551058913252105307
Isn't that actually a sell wall?

Yeah indeed, it's a bit confusing at first, it's 60 btc, that was converted into mgwBTC, sold for 16500 NXT per mgwBTC, which makes a total selling price of 1 Million NXT. (16500 NXT per BTC converts to 0.00006060 BTC per NXT)

Very impressive that Multigateway plug in, you can instantly sell your NXT on the Asset Exchange and withdraw BTC to your btc address, all in your NXT client.  ;D
« Last Edit: October 22, 2014, 04:27:19 pm by InYourFace »
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LeChatNoir

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Re: Price speculation
« Reply #13347 on: October 22, 2014, 04:24:50 pm »

It's a buy wall he actually wants to buy NXT not selling them!

And BTW the asset exchange interface is so confusing we can definitely do better then that.
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wert

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Re: Price speculation
« Reply #13348 on: October 22, 2014, 04:42:10 pm »

[100% upfront payment] Earn 1 BTC a month to spread fud and troll
https://bitcointalk.org/index.php?topic=819814.0
trolling - serious business
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durerus

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Re: Price speculation
« Reply #13349 on: October 22, 2014, 05:10:57 pm »

Feel like buying more NXT. Anybody else?
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bitcoinpaul

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Re: Price speculation
« Reply #13350 on: October 22, 2014, 05:11:57 pm »

Feel like buying more NXT. Anybody else?

Feel like selling more NXT in light of recent TF discussion :D
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durerus

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Re: Price speculation
« Reply #13351 on: October 22, 2014, 05:16:28 pm »

Feel like buying more NXT. Anybody else?

Feel like selling more NXT in light of recent TF discussion :D

Yeah! Thx for remembering me. Wanted to read that first before buying. Almost forgot.
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Come-from-Beyond

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Re: Price speculation
« Reply #13352 on: October 22, 2014, 05:51:19 pm »

Yeah! Thx for remembering me. Wanted to read that first before buying. Almost forgot.

While you reading the others are selling...
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saladin89

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Re: Price speculation
« Reply #13353 on: October 22, 2014, 06:00:15 pm »

Feel like buying more NXT. Anybody else?

Feel like selling more NXT in light of recent TF discussion :D

@bitcoinpaul

Very complicated stuff in that thread. So basically it is quite difficult to implement tf fully without a sufficient amount of proper nodes. I don't really understand the need for cfb to be cryptic. So that no one else steals his idea and he implements it first? Is TF really important in regards to nxt, that is why your selling? Basically what issues remain to be resolved about tf?
« Last Edit: October 22, 2014, 06:08:30 pm by saladin89 »
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mczarnek

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Re: Price speculation
« Reply #13354 on: October 22, 2014, 06:17:09 pm »

[100% upfront payment] Earn 1 BTC a month to spread fud and troll
https://bitcointalk.org/index.php?topic=819814.0

lol

Uh-oh.. don't let bluemeanie hear about this one..
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durerus

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Re: Price speculation
« Reply #13355 on: October 22, 2014, 06:36:33 pm »

Seems like TF already implemented. CfB said PoS wouldn't work otherwise.
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saladin89

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Re: Price speculation
« Reply #13356 on: October 22, 2014, 06:38:15 pm »

I got the impression it was implemented but that we need economic clusters for full implementation. I don't really understand fully all of this technical stuff :S
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Come-from-Beyond

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Re: Price speculation
« Reply #13357 on: October 22, 2014, 06:38:25 pm »

I don't really understand the need for cfb to be cryptic.

It's simple - you ought to chew this food by yourselves.
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2Kool4Skewl

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Re: Price speculation
« Reply #13358 on: October 22, 2014, 06:52:19 pm »

Very complicated stuff in that thread. So basically it is quite difficult to implement tf fully without a sufficient amount of proper nodes.

I'll try to explain it to you in simpler terms.  There is the legit blockchain and an illegitimate blockchain.  Forgers can choose to forge on one or both chains.  Defenders of the legitimate chain will only forge on the legitimate blockchain.  Attackers will forge only on the illegitimate chain.  Profiteers will forge on both chains.  Anyone attempting to extend the illegitimate chain will have their forging power cut to zero.  (This is referred to as "Slasher".) You could even go so far as to purge their balance from the legitimate chain, so by attacking the network they lose all their money.  Any attempt by an attacker who secretly builds a long illegitimate chain and then tries to submit it to the network will be rejected because it will not contain transactions by the rest of the network.  (This is called "Economic Clustering".)
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ChuckOne

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Re: Price speculation
« Reply #13359 on: October 22, 2014, 06:58:56 pm »

@2Kool4Skewl

Just wanted to add something: in order for EC to work, we need an economy around Nxt. That is why EC is not enforced right now. It would result in forks over forks.

But what is already there of EC is the ability to see who send which transactions on what chain. If the Nxt Economy is strong enough, we can enforce clustering.
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