Decentralization-of-Nxt-vs-BitShares

Started by bytemaster, January 13, 2015, 12:33:35 AM

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xeroc

is there any progress with TRANSPARENT forging in NXT?

biophil

Quote from: jonny on January 13, 2015, 10:45:35 PM
Quote from: biophil on January 13, 2015, 02:31:54 PM
Serious question: is leased forging in Nxt equivalent to Delegated signing in DPOS? With the obvious difference being that Nxt essentially allows 13% of all blocks to be signed by a single delegate.
You can let other accounts forge on your behalf, this is called leased forging.

Thanks, but I already know what leased forging is; I was just trying to fit it together in my mind with DPOS.

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jonny

Quote from: biophil on January 13, 2015, 02:31:54 PM
Serious question: is leased forging in Nxt equivalent to Delegated signing in DPOS? With the obvious difference being that Nxt essentially allows 13% of all blocks to be signed by a single delegate.
You can let other accounts forge on your behalf, this is called leased forging.

bytemaster


Quote from: biophil on January 13, 2015, 02:31:54 PM
Serious question: is leased forging in Nxt equivalent to Delegated signing in DPOS? With the obvious difference being that Nxt essentially allows 13% of all blocks to be signed by a single delegate.

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Yes.  Nxt is like dpos prior to approval voting and with no limits on the number of delegates. 
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

biophil

Also, bravo on the "speed of decentralization" thing. That's exactly the kind of metric we need to publicize.

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biophil

#17
Serious question: is leased forging in Nxt equivalent to Delegated signing in DPOS? With the obvious difference being that Nxt essentially allows 13% of all blocks to be signed by a single delegate.

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cass

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Vizzini

Are there still like 15 people using NXT? It seems to be in those same few hands who BCNext gave it to.

Never go against a Sicilian when death is on the line.

CLains

#13
Quote from: bytemaster on January 13, 2015, 01:48:01 AM
has anyone posted this on their forum?

Edit: Now is your chance practice Non-Violent Communication everyone,

https://nxtforum.org/general/the-most-decentralized-pos-system/

By the way, a common problem with NVC is that psychologically, introspectively, it is difficult to get clear on ones own intent or motive: Even if one uses the right words on the surface, who knows what lies buried behind those words?

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CLains

This article really nailed it! Cold hard truth does it best.
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CLains

#11
Quote from: Riverhead on January 13, 2015, 05:32:00 AM
Same sentence:

"within in"

pullrequested
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Riverhead


CryptoPrometheus

On the NXT reddit, the only rebuttal so far is "NXT-K5KL-23DJ-3XLK-22222 is the forge leasing account,  NXT-MRBN-8DFH-PFMK-A4DBM is the SuperNET account.

Does this matter? I'm not sure about the technicals....
Bytemaster, should you add the reply (why this matters/doesn't matter) to your blog entry? So as to address the rebuttal and wrap up the argument one nice tight little package  ;)
"Power and law are not synonymous. In fact, they are often in opposition and irreconcilable."
- Cicero

Riverhead


Hopefully they'll take it as a chance to improve the protocol. Very clear and concise analysis.

Last sentence:

BitShares with 101 delegates is over twice as decentralized as Nxt with  10 only signers within in the transaction confirmation window.


Should be "with only 10 signers"?