If you have two competing chains, how does the client software determine which chain is legitimate?
I will leave this one also to the programmer Nr2 for tomorrow if you will prefer a advanced explanation.
- serious message -
I read everything.
I'm skeptic.
I don't like everything, but there is some good idea.
Unfortunately there is too much scam with IPO.
Do you need this money? Doesn't your team have enough founds?
Take a look at the style of XCP dev (counterparty protocol).
Proof of burn is much more scam-proof.
Also, accepting 4 crypto is suspicious.
Better to stick just with LTC for exemple, choose one.
You should really consider publishing your partial whitepaper right now.
The complete well finished can wait a bit, but 'need something.
Also, I'm no techguy, but double spending is concerning.
Publish the code for this part at least. Or a very high quality whitepaper about it.
That's almost necessary if you wish to be considered serious.
Especially with IPO.
2 questions:
There is a contradiction in your first post.
A: you need million of NEON to forge
B: you get NEON just by running a node (same amount on crappy computer/connection & VPS 1Gb/s, ?)
So which is it? make it clear.
About your encrypted chat/messaging feature:
How do you prevent spam on IM? minimal fee? (fees goes to node or bagholder?)
I wish to see a descentralized email-like system, where I can give priority-reading/answering to the people that pay to contact me.
Free or minimal fee goes into 1 folder, a subalias or something.
Others are categorized between x$ & y$. Or classified by amount max to min.
'Details, but I think you get the idea.
Have you the skill to develop such a system?
@ money, Do we need it? Not really. Up to now we just coded in our free time after work and university. Would it be nice to get some reward for the hard work and some funds to keep working on the code? Yes, definitely.
@XCP dev (counterparty protocol) I honestly have not read anything about this until now,but I will look into this. But don't get your hopes up, the distribution system and its implications are pretty much set in stone, as we believe that it is working astonishing well.
@4 cryptos. Wow, people will find everything to complain about. Who gets hurt by more choices??? I dont get it.
@ Forging. No, i never said 1 million NEONs are needed to start forging. You can start forging with as little as 1 NEON. But in the first year IN ADDITION to the normal forging, the simple running of a master or normal node is rewarded. So basically you can open an account and just run the server. Now every 24 hours you will get a reward for that. If you also have NEONs on this account you have a chance to forge a block and receive additional NEONs.
@Spam on the network. We have a very nice system for that. To start a chat you will have to pay the minfee from then on if you stay at a given rate of traffic per minute, the chatting is free. If you want to upload or transfer files, you will pay per siye, and this rate per kb or mb is set on a traffic marketplace. This works nicely in the testnet and is discussed greatly in the WP.
@ priority messages. Well as the start of a message always costs the minfee, (but that fee goes to the forger) you wont get spammed anyways. 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.
@ idea, we will have to discuss this. Sounds intresting nonetheless
At all, i will go to sleep now and i will answer all questions after the post of panonym tomorrow. Sry guys, need some beautysleep.