Ninjastic
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Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
jl777
on 18/02/2014, 22:48:14 UTC
Quote from: chanc3r on February 18, 2014, 10:32:20 PM
Quote from: jl777 on February 18, 2014, 10:19:30 PM
Quote from: swartzfeger on February 18, 2014, 10:13:14 PM
Quote from: jl777 on February 18, 2014, 09:35:28 PM
I only see a few people running nodeminer, someone's going to collect the 1000NXT bounty without much effort

James

P.S. I must be doing something right if emule is complaining about me Smiley

Maybe someone can explain this. In terminal, I see I've collected

Total unclaimed nodecoins 5289.0

But in AE under my assets (Wesley's client), I only have 51 listed. Is this a client bug, or is the asset issued at a fixed time every day?
Right now there is an auction every block for all the unclaimed coins. You just need to send NXT to the robot and be the highest bidder.

However, whoever has test acct 3323287590575539129 has modified the nodeminer to make excessive claims. Please understand nodecoin has only one day's work and has no protections. We must use the honor system to prevent unfair claims on the 1000 NXT bounty. Any abuse (changing nodeminer claim frequency) will disqualify you from bounty.

I still want to test the auction process, but that requires coordinating competing bids from multiple people

3323287590575539129 please stop cheating.

James

Erm you said you wanted some load so I just spawned 50 copies on my macbook...
I didn't change the code.
I've stopped them.

Fair enough. By load, I was more hoping for a dozen+ users from different IP addresses...

I am thinking of using the NXT that comes in to bid for the unclaimed nodecoins to then bid for them on the Asset Exchange. This way there would always be a somewhat liquid market for nodecoins and it would provide a direct mechanism for people to support forging by bidding on nodecoins

I doubt there will be much speculation in the value of the nodecoin since the cost to create them is to run a forging node.
Is there demand for me to add account tracking for the nodecoin rewards? Maybe if people automatically get credit to their acct people are more likely to use it. I can set the allocation percentage for the lottery to something like 80% to the acct that earned it and 20% to the high bidder. To collect your coins and the unclaimed nodecoins, you just have to send in NXT bid. 1 NXT would get you all of the nodecoins you earned, but to get the unclaimed nodecoins you need to be the high bidder.

Kind of combines rewarding people for forging, with a bit of lottery action. Anyway for the multisig gateway Ive gotta add acct tracking anyway.

James