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Messages - mczarnek

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General / Re: How does Nxt sync time between forgers?
« on: October 04, 2015, 07:33:28 am »
Each client accepts blocks 15 seconds into the future. Time is taken from the system clock.
Every modern OS synchronizes time automatically, so time is not a problem.

Interesting point about OSes synching time.

General / How does Nxt sync time between forgers?
« on: October 04, 2015, 02:58:36 am »
How does Nxt make sure that all forgers are in sync regarding what time it is?  It's important given miners use time when calculating who's turn it is to mine, right?

Is it possible to have them all sync time on the timestamps in the block headers?

Nxt Monetary System / Re: MS Success?
« on: April 20, 2015, 04:37:30 am »
Who is offering that bounty for ACCT?

Nxt General Discussion / Re: Price speculation
« on: April 10, 2015, 03:12:22 am »
What happened to that chart of Nxt's distribution?

General / Re: What percentage of forgers are permanently forging?
« on: April 06, 2015, 10:56:15 pm »
There is only nexerns block explorer that gives you live data thst I know about. You'd have to log the info yourself over time. It has been between 41-46% in the 5-6 times I have looked in the last 2 weeks.

Thanks, do you have a link?

General / What percentage of forgers are permanently forging?
« on: April 06, 2015, 09:40:48 pm »
Anyone have stastistics for the percentage of the network that is permanently forging? As in 24 hours a day 7 days a week for a few weeks at a time?

General / Re: How can I compile the Nxt wallet?
« on: March 02, 2015, 05:32:11 am »
I believe you can compile Web wallet that way.. but not Wesley wallet? Well look a little closer but would appreciate more advice.. I've only ever played with the source code for the other one.

General / How can I compile the Nxt wallet?
« on: February 21, 2015, 06:28:20 am »
Having trouble figuring out how to go from source code here:  https://bitbucket.org/nxt-wallet/nxt-wallet-win  to compiling it into an exe.

It appears that the folder only contains js,css, and html... which seems like a web wallet more than a executable.  Or does the exe somehow run and display the javascript?

Anyone mind helping me out? Thanks.

Nxt General Discussion / Re: Price speculation
« on: February 21, 2015, 06:13:42 am »
Hey folks, long time!

Between a new job, new girlfriend, and working on Burst.. I have not had a free minute.

What's new in Nxt these days?  Whatever happened to the Monetary System?  That always scared me from an investors point of view.. why would you make competition for yourself?

Nxt General Discussion / Re: Price speculation
« on: December 23, 2014, 01:14:54 am »
You guys know how PayCoin does instant transactions?  It centralizes them so a single node is processing them at a time :)

Did you do a code review? Can you point to the relative source? I don't recall reading about this in the white paper.

Looks like I was wrong.. that's how they were describing it a couple months when I first heard about them as 'Hash coin'

Nxt General Discussion / Re: Price speculation
« on: December 22, 2014, 03:53:41 am »
You guys know how PayCoin does instant transactions?  It centralizes them so a single node is processing them at a time :)

You know how it does Proof of Reserve?  I centralizes it into a bank account.. in other words.. be very careful with that coin, I suspect investing into it may come back to bite some people.. it certainly shouldn't be worth more than Bitshares in anyone's mind.. which shouldn't be worth more than Nxt.. but that's another story.

In other news, wanted to make sure the Nxt community knew about these first.  Some of you guys helped fund them back when CIYAM was working on them before vbecas took over, then the Burstcoin developer spent a month debugging, tweaking, and polishing them.  So, Burstcoin becomes the first coin to implement decentralized Smart Contracts (Nxt's version written by Sergey.. may be great, but it's centralized):

Automated Transaction announcement:  https://bitcointalk.org/index.php?topic=731923.msg9910950#msg9910950

Being a fork of Nxt it's got all the wonderful features of Nxt, it just happens to be Proof of Capacity instead.. which I figure basically has all the advantages of Proof of Stake, energy efficiency and ASIC-proof, without the extra security concerns/complexities.  Also, I'm convinced it's impossible to trim the proof of stake blockchain.. I can't prove that but I can prove it's not possible to do it with the same level of compression/security as you can with Proof of Work and Proof of Capacity.  Just to be totally open, I'm heavily invested into Burstcoin.. because I really believe in it, so I'm trying to be totally honest but just know that may be influencing my opinions.  Just like your Nxt investment may influence your opinions about Nxt.

Nxt General Discussion / Re: Price speculation
« on: December 20, 2014, 11:06:24 pm »

Lol, right. This "I buy the keys from all initial investors for cheap" line seemed always silly to me. Even if it was technically possible - it presumes that those investors are idiots that don't mind to get their money stolen (well... on the other hand, they do get 5 bucks).

No one is saying it's easy, but it is an attack vector to be considered. And a fundamental one. Hopefully the solution kushti has in mind works out.

Edit: Cool, some dialogue going on in reddit between kushti and Buterin.

Not hard either.. especially for NXT.. in fact there are already 2 people out there who could perform such an attack.. CfB and BCNext.. remember they had a wallet address with 165 million plus Nxt in addition to Cfb's wallet

And if you perform such an attack then any new forgers joining the network won't know which fork to take.. the ones currently forging can indeed get 90% protection though.

Nxt General Discussion / Re: Bounty for successful nothing at stake attack?
« on: December 20, 2014, 07:00:19 pm »
He is assuming that if the dishonest chain wins there will be no consequences and everybody will continue to give value to the protocol as if nothing has happened.
If that is true then i agree with him all rational forgers would chose to forge on every chain.
But that is not the case in my opinion because if C2 wins, trust in the protocol would evaporate.
Consequently both the "extra" reward and the stake of the non altruist forger become worthless.
So in reality he ends up losing everything he has and destroying the weapon that can free humanity.

You don't really have to be altruist to forge only on the correct chain, you just have to be mentally sane in my opinion.

Or a competitor with a lot of money who doesn't care about profiting off of forging on the wrong chain... one who wants to prove it is possible so that they can convince people that the protocol is insecure...

Nxt General Discussion / Re: Price speculation
« on: December 20, 2014, 04:33:08 pm »
I'm just wondering why NXT is still so undervalued:

- it's innovative
- it has been proven to NOT be a scamcoin
- great community
- more or less userfriendly client

Why are we still not in the press/media?
Why do people hesitate?
I just dont get it :/

Stop asking around NXT forum, go to bitcointalk and ask people what they think of NXT.. it'll make a lot more sense why Nxt is currently valued as is, fair or not.

Appreciate the hard work everyone!

Also, if you haven't heard of it, Burstcoin is an innovative fork of Nxt, some people over there were considering sending some donations to your equivalent Burstcoin addresses (they may already have sent some so) in appreciation of the hard work that helps make Burst as awesome as it is.  However, they wanted the addresses to be registered to your public key first. Point being, go set up a wallet, and we'll send you some Burstcoin!

FYI, in Burst, you make any outgoing transaction from your wallet and it automatically registers your account.

Links to get started:

General / What is the purpose of registering your public key?
« on: December 17, 2014, 05:48:58 pm »
Why is that needed behind the scenes?


Nxt General Discussion / Re: BlackFriday on the Marketplace?!
« on: November 27, 2014, 06:30:32 pm »
Little bit of short notice which might kill it, but great idea!!

Nxt General Discussion / Re: hashrate.org redevelopment
« on: November 18, 2014, 09:40:00 pm »
Glad to hear you are updating!  One thing that has also gotten me about the website is that on my screen that JFK quote is cut off and you can't even scroll to see the same thing, which looks a little bit unprofessional.

Maybe there is a way to try some merged mining which might increase the profitablity?

Also something that would be really nice would be a way that you could download a .exe or .bat file, double click it and automatically mine from your pool.  Maybe that isn't possible but it's always a little bit of hassle to set-up in my opinion.

And I'm not sure if you've done this but a thread in Bitcointalk under mining alt coins might be a really good idea.  Make sure miners know about it.

Alternate Cryptocurrencies / Re: Darkcoin first ever InstantX Demonstration
« on: November 11, 2014, 05:07:05 am »
The way it works is remotely similar to my plan(choose a subset of nodes to confirm for you) except really easy to cause it not to work and well it's got some issues.  But I suspect we'll be more likely to see it return transaction could not be instantly confirmed rather than a double spend.  That being said, there is an incentive to just confirm all transactions you see, good or bad if you are confirming transactions.

Also, there isn't a lot of incentive to perform valid transactions.. except maybe to keep your DarkCoin valid.

Still working on Instant Transactions, though I'm actually largely passing them off to the Burstcoin developer who is interested in implementing them in Burstcoin, with the promise that they'll also be shared with Nxt he'll get some of the bounty.. and being open source I can also copy them over.  Letting them have it first for a little bit also lets them act as a test network, which would be nice.

I would've kept at it but I ran out of money.. time to find a more stable job.  Plus it got a little bit more complicated when I started poking holes in my initial plan and trying to find work arounds.

General / Re: BCNext's Plan on a 'Real' Coin on top of NXT
« on: November 05, 2014, 05:58:03 am »
All coinoUSD is saying is that coinomat will agree to redeem them for a dollar.. and naturally it therefore decides to float at the same level.

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