Quote from: wizzardTim on January 06, 2014, 01:01:45 AM

I support this

Thank you sir!

quote author=Anon136 link=topic=400356.msg4335869#msg4335869 date=1388970010]

Quote from: 2Kool4Skewl on January 06, 2014, 12:15:11 AM

Op,

Nice job copying verbatim a lot of the sections of my first post in Nxt's thread.

Couldn't you at least write your own? lol

I'll be investing in this for SURE!

if they are qualified, talented and writing all new code from the ground up, i dont see any reason not to support more competition. now just to figure out if they are qualified and talented.
[/quote]

Wink

Quote from: 2Kool4Skewl on January 06, 2014, 01:04:51 AM

I just wanted to let everyone know that this coin is now obsolete.

[ANN] PRE-LAUNCH [7th GEN COIN] *BITCOIN 3.0* Fiat Killer

[ANN] PRE-LAUNCH [9th GEN COIN] *BITCOIN 7.0* Fiat Killer

Damn. This leaves us 7 generations behind Angry

Quote from: Anon136 on January 06, 2014, 01:15:41 AM

can you be more specific about how this works

Quote

Every 1440 minutes the network will check how many nodes where online and supporting the network and reward 57600 NEONs proportional to the uptime of the nodes.

how does "the network" check this. the node that authors the block surely must make the decision about which nodes have been running and for how long those nodes have been running. what if that author lies? how does anyone know? how could any node possably know about ALL of the other nodes. how can everyone be expected to know about all of the nodes so they can know to reject the chain if the block author is lying?

Just a simple explanation now, the details will be in the Whitepaper.

Basically the node will create a history that saves the blockheight the node had at each moment. After X blocks of the network reaching a consensus on right chain, it gets checked how many % of the time you were on the right chain. Thats why it doesnt matter if you are on a fork for a couple of block, because you will be on the right chain for a high percentage of the time. This involves some kind of luck, but as noone can influence this, it doenst matter.

Quote from: PeercoinEnthusiast on January 06, 2014, 01:17:34 AM

Great, there should be no problem holding everyone's funds with a trusted escrow right?

I have discussed this with my peers. If the volume of the IPO stays that balanced and high, we will not use this variant.

Quote from: panonym on January 06, 2014, 01:35:25 AM

Lost my time writting...
Without me.

I upload 100GB and you vaporware descentralized filestorage is dead.
Or that's just bittorrent and you propose nothing new.

If you want to upload a 100 GB file, you need someone to find that is willing to distribute the file. As this system though to be used for smaller files, i doubt you will be able to afford that kind of space Wink

This is will be not like bittorrent, the file will be online to be downloaded from the network.
BUT you will be able to send a file directly to a client too!

Quote from: User705 on January 06, 2014, 01:46:05 AM

How do you intend to maintain and update the development of the software if you desire to strongly remain anon?

The first few months will be paid by the IPO funds. We have enough time to do that. But from the launch on , we will be searching for additional devs to join our team.

Quote from: pandaisftw on January 06, 2014, 02:26:28 AM

@OP There is no max limit on investing? How will you insure someone won't wait till the last moment of the end of each week, send a large sum of BTC (say 100% of each week, so the person will receive exactly half of each week) and end up with 25% of the total stake?

We did decide not to regulate the IPO. If someone wants to get a huge stake, he can game the restrictions anyway, so thats that.

If this gets out of hand and someone tries to get 50% of the presale, than we will have to intervene and send back part of his investment, but this will only happen in rare cases.

Quote from: panonym on January 06, 2014, 02:36:45 AM

Thank you for your answers NEONs.

@money, XCP dev take none.
That's kind of extreme, but admirable. Relying solely on the success of their work, sharing with the community. Reputation++

@implications set in stone
Whatever they are, once fixed, don't change them. Or start from zero again.
(meaning: avoid NXT style)

@complain
Near impossible to fully satisfied everyone, 'always complain.
'bout 4 coins, just flashed "IPO-scam x4" in my mind.
Might be legit or good will, but suspicious.
Much less suspicious with proof of burn (but complicate with the various rate).
Escrow people are bragging about is good at first thought, but it's centralized trust.
Why should I trust a member even with 1000 post? Unlikely for me.
For this again, I invite you to study XCP elegant solution of insta-POB.

@forging
Okay, both compatible.
Bonus 1yr for bagholder. In 5yr global fee are splitted between millions of botnet. Not necessarily bad.
Just be careful about inflation. Cap your max nb coin. Otherwise your project gonna die long term.

@ filestoring
So if I pay to upload my file, is it uploaded forever ?
And every single node that wish to get money after the first year will have to have the full DB on his computer, correct?
Even if it mean 2TiB on each computer?
Very interesting in this case. (reduce botnet influence, node quality++, fee reward = better fair reward) might need to consider upload speed vs reward.
That's pretty much Namecoin / Datacoin idea. (but NMC need repay every 9 month, 'don't like that)
Think: need conveniency (what datacoin seem to miss)

Quote from: NEONs on January 06, 2014, 02:10:38 AM

We have not talked about paid messages, but you can always send someone NEONs and add a private comment to the transaction. The length of this comment depends on the fee size and is only decrypted by the person who has the key to the account.

This basic solution already exist on all crypto. Althrough usually unencrypted.
Problem is that you get no obvious notification in your client.
It's not explicitly designed for it.
Even bitmessage is flawed.
Develop a quality descentralized messaging system with priority$, and your project might skyrocket just for that.
If well done.

Good rest Wink

@filestorage. The system works in groups. Basically the file will be uploaded to a group and everone can join the group and get fees once files get added to it. A group can decide to post an offer to keep the files for ever, or just 10 days. Totally free market there. If the group fails to deliver uptime, the fee gets reimbursed in parts. (this was actually pretty tough to solve, but we came up with a good solution for this)

@messenging. You can have your client post a notification to your screen, or even send an email to you. Oh and it is fully encrypted and can only be decrpted by the private key!