Nodecoins are a cancer - time will tell if I am right or wrong...

Bloody big thanks to both of these awesome people!
Thank you very, very much! 

There are coins made by using the AM feature (see CfB's abandoned effort), parallel chain coins and nodecoin.
Nodecoin is parasitic IMO..

I am quite surprised at some people who are worried that nodecoin will take over NXT. I am writing software to make it look like a coin, act like a coin and it seems I've done a pretty good job

I plan on using my 180+ servers to implement Ddos protection and guarding of the pool server and multigateway servers from direct contact with random clients. While this wont be as good as a 20,000 node NXT network, it should pose quite a barrier to Ddosers who want to disrupt the pool server or multigateway servers.

Since I will be incurring real world costs for the servers to host pool servers and one of the multigateway servers (need to find two non-USA hosts for the others) and I will be getting 1% of nodecoins mined for pool costs and 1% as royalty, it is in my interest to make nodecoins worth more than nothing. After all, if I cant make it self-funding, who will pay for the 180+ servers? Therefore, I liked the suggestion of pricing multigateway services and any other services that the servers I am paying for provide, in nodecoins. Assuming a .01NXT value for a nodecoin, the 2% will generate around 2000 NXT per day. This will be far short of covering the server costs, but at least its a start. nodecoin is a private token that just happens to reward people who operate NXT nodes and . Already there is an account that is trying to get more nodecoins by submitting once per second. I need a way to prevent spam and charging nodecoins is a good way. For normal usage, all the nodecoins you need to be able to use the services will be obtainable just by running nodeminer.

It is clear that nodecoins are very polarizing, I might as well call it a globalwarming-coin!

Like it or not, if ~10% of the people run nodeminer, I estimate EVERYONE with an active node will get their nodecoins. Around 5 per day! just imagine the giant market dumps the big holders will be able to do. A sell wall of 50 nodecoins. The horrors.

nodecoin is a subset of multigateway, with a simple PoN (proof of node). Anybody can do this in a day or two like I did. nodecoin cannot replace NXT. That is like saying that Delta airline bonus miles will replace USD. At 100,000 coins per day, it will take 10,000 days to be fully released, thats 27 years.  You can believe the people that claim that somehow nodecoin will magically replace NXT even though it is built on top of NXT, or you can believe me.

A few weeks back there was all this angst and worry that with transaction fees dropping there would be no incentive to forge. I said I know of an idea that will fix that. I did.

James

P.S. If somebody wants to pay me to kill nodecoin all you have to do is pay the server costs.

A bit of positivity !

Here some donation I did




I usually don't say it, you know... because I want to stay anonymous

If you think so, however, it's not a cancer, it cannot kill Nxt. It's simply 1 coin.

This is just to clarify, I AM NOT EMULE.

I am someone who had hopes for NXT as the crypto 2.0, but not anymore.

I invested a large amount of fiat into it, I want NXT to be succesful but seeing how this community actually works has turned me off.

What about you? Are you sure you're not BCNext posing under a different surname?

If you'd like heres a little about me:

At 15 I taught myself HTML (yes I can code whole website systems just with notepad), Flash 5 (I'm old), some Python, Java, and even a bit of C++.
I taught myself fine arts and have become a master artist since then.
I have also been an electrician, electronics engineer (not quite good), was majoring in electrical engineering but recently my studies have refocused to Biology, Biotechnology, and Physics.

So no, I am not emule. I am just a well rounded human being that wants the current economic structure to be reset to something that will help all of humanity and not just the chosen few.
NXT seemed like a good idea up until now that the community can't even get together to decide on something as simple as "Is it a coin or an exchange or a potato or a banana?"

Good day

I have no control over what goes into the NXT core.

For someone to acquire any meaningful amount of nodecoins, they will have to buy them via AE. This means NXT being paid for nodecoins, indirectly supporting the NXT network. If there are people like this, odds are that the NXT network is strong. At current network size, I estimate that the average people will get is 5 to 10 nodecoins per day.

nodecoin is a response to the need for people to get regular and predictable feedback for running a NXT node. It satisfies this requirement. As to what all the other side effects it creates, I am just a simple C programmer and when you start extrapolating things like the behaviors of large groups of people, well, I admit I cannot predict. AUR proves this.

Also, notice that if trying to boost the NXT network via nodecoin purchases doesnt work, what have we lost? Without nodecoin, there wouldnt even be that option. nodecoin price fluctuations do not impact NXT. nodecoin is not NXT. nodecoin is a NXT asset. If NXT relies on nodecoin for all of its network infrastructure incentive and nodecoin fails, then where are we? I think we would be where we are now, without nodecoin.

James

Wow.

I trust this guy more than C++ converted to Java implementation that we are using right now.

I talked to both the original C++ author and Java converter and both seem to be clueless, really.

public static final boolean sign(byte[] v, byte[] h, byte[] x, byte[] s) {
   / v = (x - h) s  mod q
    int w, i;
    byte[] h1 = new byte[32], x1 = new byte[32];
    byte[] tmp1 = new byte[64];
    byte[] tmp2 = new byte[64];

   / Don't clobber the arguments, be nice!
    cpy32(h1, h);
    cpy32(x1, x);

   / Reduce modulo group order
    byte[] tmp3=new byte[32];
    divmod(tmp3, h1, 32, ORDER, 32);
    divmod(tmp3, x1, 32, ORDER, 32);

   / v = x1 - h1
   / If v is negative, add the group order to it to become positive.
   / If v was already positive we don't have to worry about overflow
   / when adding the order because v < ORDER and 2*ORDER < 2^256
    mula_small(v, x1, 0, h1, 32, -1);
    mula_small(v, v , 0, ORDER, 32, 1);

   / tmp1 = (x-h)*s mod q
    mula32(tmp1, v, s, 32, 1);
    divmod(tmp2, tmp1, 64, ORDER, 32);

    for (w = 0, i = 0; i < 32; i++)
        w |= v = tmp1;
    return w != 0;
}