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[ANN] Jinn
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Author Topic: [ANN] Jinn  (Read 367144 times)

Come-from-Beyond

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Re: [ANN] Jinn
« Reply #980 on: January 25, 2015, 11:31:09 am »

Ok.  Can you please explain?

I can't expain a lot without revealing the know-how. But I can explain why Ripple-like system is impossible without kludges:

1. Entities (aka nodes) don't have identities, you can't "trust" someone because you can't distinguish entities.
2. Collective memory requires to burn electricity for protection of its integrity. Ripple, unlike Bitcoin, doesn't require this.
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2Kool4Skewl

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Re: [ANN] Jinn
« Reply #981 on: January 25, 2015, 12:14:41 pm »

Ok.  Can you please explain?

I can't expain a lot without revealing the know-how.

Ah, by "know-how", I didn't understand that you meant "trade secret".  ;)  I won't press you on the details.  I assume this is an integral part of Qubic.  Are you still planning on waiting four years after launch of NXT to release it?

But I can explain why Ripple-like system is impossible without kludges:

1. Entities (aka nodes) don't have identities, you can't "trust" someone because you can't distinguish entities.
2. Collective memory requires to burn electricity for protection of its integrity. Ripple, unlike Bitcoin, doesn't require this.

1 - Yes.  This is why I believe in the future to participate in the Ripple network, you will have to be an "approved validator".  I'm sure only banks and other financial institutions will be "approved".  So much for "decentralization" and creating a "platform for the people".

2 - Seems like PoW with more efficient hardware, but still susceptible to attack by a large accumulation of ternary processing power.
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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #982 on: January 25, 2015, 12:19:44 pm »

Ah, by "know-how", I didn't understand that you meant "trade secret".  ;)  I won't press you on the details.  I assume this is an integral part of Qubic.  Are you still planning on waiting four years after launch of NXT to release it?

Looks like Qubic will be an integral part of Internet-of-Everything economy. In this case it will be "released" much earlier.


2 - Seems like PoW with more efficient hardware, but still susceptible to attack by a large accumulation of ternary processing power.

Yes, someone with a lot of processing power will get ability to falsify content of the collective memory. No miracle here.
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Evan

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Re: [ANN] Jinn
« Reply #983 on: January 25, 2015, 01:13:59 pm »

2 - Seems like PoW with more efficient hardware, but still susceptible to attack by a large accumulation of ternary processing power.

Yes, someone with a lot of processing power will get ability to falsify content of the collective memory. No miracle here.

I thought it's something like TF in Nxt. If every node remember latest 1440 blocks instead of "current state", can it be changed from POW to POS or something similar?
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #984 on: January 25, 2015, 01:17:04 pm »

I thought it's something like TF in Nxt. If every node remember latest 1440 blocks instead of "current state", can it be changed from POW to POS or something similar?

Dunno.
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rtrtcrypto

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Re: [ANN] Jinn
« Reply #985 on: January 25, 2015, 01:24:35 pm »

Is Qubic planned as a part of/extension of JINN? Or will it be under its own umbrella?

*real question, will I have to invest in another system OR is holding JINN going to cover the breakthroughs QUBIC goes on to make!?*

 ;D


Ah, by "know-how", I didn't understand that you meant "trade secret".  ;)  I won't press you on the details.  I assume this is an integral part of Qubic.  Are you still planning on waiting four years after launch of NXT to release it?

Looks like Qubic will be an integral part of Internet-of-Everything economy. In this case it will be "released" much earlier.


2 - Seems like PoW with more efficient hardware, but still susceptible to attack by a large accumulation of ternary processing power.

Yes, someone with a lot of processing power will get ability to falsify content of the collective memory. No miracle here.
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Triangle

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Re: [ANN] Jinn
« Reply #986 on: January 25, 2015, 01:46:09 pm »

Is Qubic planned as a part of/extension of JINN? Or will it be under its own umbrella?

*real question, will I have to invest in another system OR is holding JINN going to cover the breakthroughs QUBIC goes on to make!?*

 ;D


Ah, by "know-how", I didn't understand that you meant "trade secret".  ;)  I won't press you on the details.  I assume this is an integral part of Qubic.  Are you still planning on waiting four years after launch of NXT to release it?

Looks like Qubic will be an integral part of Internet-of-Everything economy. In this case it will be "released" much earlier.


2 - Seems like PoW with more efficient hardware, but still susceptible to attack by a large accumulation of ternary processing power.

Yes, someone with a lot of processing power will get ability to falsify content of the collective memory. No miracle here.


There is no easy answer to this, simply because there is still a lot to be decided. Qubic will use Jinn for it's launch for sure, but the details surrounding Qubic itself is not available at this moment
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Evan

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Re: [ANN] Jinn
« Reply #987 on: January 25, 2015, 02:09:17 pm »

Jinn creates a snapshot of the state of a system and provides a way of keeping the snapshot unchanged even under attacks of rogue entities (including those who own Jinn processors too). Theoretically Jinn-powered network can do a snapshop of Nxt once a week, in this case we'll get something like a rolling blockchain that will be only one week old.

Frankly saying, it's not magic but Sybil attack protection embedded into Jinn networking suite.

Does this mean that it's just a character of the networking suite, not a character of ternary processors? i.e., if similar networking suite is embedded into binary processors, they will have the same functions, though ternary processors may have advantages over binary ones.
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #988 on: January 25, 2015, 02:42:34 pm »

Does this mean that it's just a character of the networking suite, not a character of ternary processors? i.e., if similar networking suite is embedded into binary processors, they will have the same functions, though ternary processors may have advantages over binary ones.

You are right.
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coretechs

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Re: [ANN] Jinn
« Reply #989 on: January 25, 2015, 03:09:55 pm »

Any similarity to tech used in hyperledger?  NXT can be used provide a good Sybil resistance backbone to a lot of other p2p technologies.
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #990 on: January 25, 2015, 03:17:54 pm »

Any similarity to tech used in hyperledger?

Maybe, but Hyperledger requires explicit identities.
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msin

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Re: [ANN] Jinn
« Reply #991 on: January 25, 2015, 03:33:50 pm »

Considering those companies likely have a lot more resources and expertise than yours, how can you compete with them? What is the main thing that makes Jinn so special that offsets the other areas where your competitors are ahead?

More resources but less expertise.

Can you elaborate on that?

Think about the RasPi, could have been made by any of the big players, but it wasn't and now it's extremely popular.  Why wasn't it made by Intel, or Dell, because it doesn't maximize profits.  The same can be said for Ternary Processing.

On a side note, I really like http://www.raspberrypi.org/ could be a good example of layout for Jinn website.
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Fatih87SK

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Re: [ANN] Jinn
« Reply #992 on: January 25, 2015, 08:24:40 pm »

Waiting for NEM release to buy more Jinn ;)
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2Kool4Skewl

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Re: [ANN] Jinn
« Reply #993 on: January 25, 2015, 10:03:00 pm »

CfB, I remember talking with you about Qubic months ago.  Do I remember correctly that it is your intention to issue the supply of Qubic as an airdrop to existing NXT holders dependent on their stake?
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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

msin

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Re: [ANN] Jinn
« Reply #994 on: January 25, 2015, 10:21:29 pm »

CfB, I remember talking with you about Qubic months ago.  Do I remember correctly that it is your intention to issue the supply of Qubic as an airdrop to existing active NXT holders dependent on their stake?

FIFY
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2Kool4Skewl

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Re: [ANN] Jinn
« Reply #995 on: January 25, 2015, 10:40:39 pm »

CfB, I remember talking with you about Qubic months ago.  Do I remember correctly that it is your intention to issue the supply of Qubic as an airdrop to existing active NXT holders dependent on their stake?

FIFY

What do you mean by "active"?
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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

gs02xzz

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« Last Edit: January 25, 2015, 10:58:09 pm by gs02xzz »
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msin

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Re: [ANN] Jinn
« Reply #997 on: January 25, 2015, 10:54:58 pm »

CfB, I remember talking with you about Qubic months ago.  Do I remember correctly that it is your intention to issue the supply of Qubic as an airdrop to existing active NXT holders dependent on their stake?

FIFY

What do you mean by "active"?

Well it's up to CFB, but I would say active members of the community, not the guy sitting on 50Mil Nxt.
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2Kool4Skewl

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Re: [ANN] Jinn
« Reply #998 on: January 25, 2015, 10:58:36 pm »

CfB, I remember talking with you about Qubic months ago.  Do I remember correctly that it is your intention to issue the supply of Qubic as an airdrop to existing active NXT holders dependent on their stake?

FIFY

What do you mean by "active"?

Well it's up to CFB, but I would say active members of the community, not the guy sitting on 50Mil Nxt.

What makes you think that large stakeholders aren't active in the community?
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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

Come-from-Beyond

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Re: [ANN] Jinn
« Reply #999 on: January 25, 2015, 11:00:23 pm »

CfB, I remember talking with you about Qubic months ago.  Do I remember correctly that it is your intention to issue the supply of Qubic as an airdrop to existing NXT holders dependent on their stake?

No. But Nxt (or EGOLD, or Dogecoin) can move to Qubic themselves. Qubic is a tech, not a particular cryptocoin.
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