Re: NXT :: descendant of Bitcoin - Updated Information
yes those were the instructions I used. Actually most of that has already been done, as the NRS client as provided by JLP already has SSL enabled with a default keystore and a self-signed cert.
I just imported my cert in there as per those instructions, should be fairly simple, but...
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I dont think approaching anything from the "rich getting richer" is a good idea in a 100% POS system. IMO though fee should be based on transaction byte size. And even if it were based on scale of larger transactions = larger fee, the 'rich' are more apt to mine those higher fee blocks anyways. There just doesnt seem to be a way to prevent the 'problem', as it were. Regardless, 'the critics' wont matter the more and more NXT features are released.
The real concern here is people just giving up forging, or centralizing their forging power into central pools.
I have over 100k, but in 24/7 I forge 9 NXT in a month... So from today I quited forging, to much risk for the reward. I am sorry.
I am just thinking out loud about how we can get Nxt more fair and better.
BTC: buy tons of mining power, which depreciates, and the cost of the BTC you earn also depreciates by 10% each year. Or buy tons of NXT to forge NXT, which doesnt depreciate. NXT is just as 'unfair' as BTC is; Id say the fact that asic power depreciates puts NXT over the top. As well as NXT is deflationary since some bozos destroy their NXT.
Dude, RIGHT FREAKING NOW is the opportunity to buy TONS of NXT, BEFORE it really goes mainstream. We are at the point now comparable to BTC's stage when BTC was $0.01/BTC. I just dont understand what people are bitching about. Oh, but some other people bought 49M NXT for only 1BTC, WHAAAAAAAA! Well what about the point when BTC cost was only $.0001/BTC, was that also not unfair?