Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
smartwart
on 08/01/2014, 16:38:21 UTC
Transparent Forging will lead the user to jump directly to the nxt node which will forge nxt block.
This also leads to "self-fulfilling prophecy".

What would be the purpose of this jump? It's not the node that forges, it's the particular unlocked account that forges. The node is just a platform to forge.

There will be internal account<=>connection and external account<=>connection.
+Internal is e.g. connect forging power of your own VPS Nodes to earn NxT for paying them.
+External is you and me and other people will connect there forging power.


External Connection:

From my understanding, all particular unlocked accounts will "point" to one Node to accumulate the forging power.
This Node would split the forged NxT based on contract parameters(amount, time, penalty...).

Now, if we would know the next Node will forge an Block we could point our account of this Node for participation.
This assumes the participation is higher than possible contractual penalties for leaving directly after the Block was forged and the interest was payed.


If that is how it works, great!
Why not let the node owner decides how many accounts are allowed to forge on his node?
This is easy to implement, is not against freedom, shows respect for property (node is the owner's property and he should decide how many people are allowed to unlock on his property), good for decentralization (motivates others to set up their own nodes). I assume that's enough reasons to code in this additional parameter to the config file. Don't see any single reason why freedom of choice must be limited here.

yeah, its a question how it becomes implemented.
I also think in general, every user should decide how to handle it.

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@CfB: will the account connection be saved in blockchain?