Post
Topic
Board Altcoin Discussion
Re: Transparent mining 2, or What part of Legacy should be left behind
by
ChuckOne
on 11/02/2014, 22:40:09 UTC
NXT is a little different than bittorrent in that the value of your NXT will drop if the network becomes insecure. If you're a torrent seeder, you're providing a service out of the generosity of your own heart. Additionally, the files your are providing don't actually have any invested value - it is more than likely most seeders are not the ones who created that file, so they could care less if the network failed. In NXT, you're providing a service (forging) because you want to preserve the value of your NXT. Due to game theory, the only node you can truly trust to act responsibly, is your own.

So think of it this way: if you had a multi-million dollar business built on-top of NXT, would you want the network to be weak and insecure? Even if it looks very healthy now, do you trust others to keep their nodes up 100% of the time? Heck no, you'd be forging to make sure the network stays up 100% of the time so it doesn't affect your business. Luckily, the cost of running the NXT client is cents per day.

I agree with you, too. It is different and as a big business relying on NXT you should better secure it yourself. You won't hear an argument by me.

What I really appreciate about this discussion is the broad and unique perspectives of each of us. And you know what? I think everybody is right in a certain sense. Just wanted to say that. Maybe, it's the music.

But what do we do now? Especially, how do we express our wide variety of opinions in terms of hard NXT variables and algos?

I think most of us:
 - agree to lower the fees in order to let people build on top of NXT
 - that ventures on top of NXT will secure the network because of their immediate dependence on NXT
 - think forging is not evil but should not the foremost reason to join NXT
 - advertise NXT in order to raise awareness
 - create ideas and inspire people to build on top of NXT