A quick glance at the period of time highlighted in blue shows that on a normal day, the adr moves between 40 and 70 pips. Average Daily Range Forex Scalping Strategy. Of course, there are anomalies, such as the pip day. However, indicatore the most part, each day ranges between forex and 70 pips.
Tai Zen: This is Tai Zen and Leon Fu and we’re excited to have with us here today – Aaron. Tai Zen: This is Tai Zen and Leon Fu and we’re excited to have with us here today Aaron. He is one of the most popular and prolific ambassadors on and on all the Nextcoin forums.Aaron: There’s one interesting thing NXT doesn’t use. A lot of people who understand the currencies will make the argument against NXT that it’s trivially easy to make a longer blockchain, right?That’s true. It makes blockchains a zillion blocks long of the computer in two seconds. NXT doesn’t actually use the longest blockchain to figure out which ones are legitimate.
It uses the one that has demonstrated the greatest involvement, the greatest stake involvement in its creation, right?Whichever one has had the most stake involved in the process of creating. So you could, in theory, have someone relay a chain to you say “No, this is the right chain and shorter than the one that you have.” and then have your client switch to that and say, “Okay, this is the legit chain, even though it’s short.”So that’s different from Bitcoin, right?
Bitcoin is the longest chain remains, rightTai Zen: Yeah. The longest hashing chain is that what you’re talking about?Aaron: Yeah. With Bitcoin, the longest chain wins. With NXT, it’s not the longest chain. Longest doesn’t matter, it’s which one has demonstrated the greatest stake involvement in its creation.Leon Fu: And how do you demonstrate that?Aaron: Well, what you do is you just go back through and calculate.
So there’s a threshold for acceptable submission of your stake. And as time passes, that threshold grows until it passes where you’re allowed to write.Then you can look at the blockchain you can say, “Okay, this is the account that gets to do it first.” Then the time comes and goes. “Okay, well, no, he wasn’t there.” So more time passes third. “Okay, well look there, it’s there. So we’ll go with him.” And so you can look and say is “Okay on this block, was it the first account that was allowed to do it, that made it? Or the second or the third?And you can imagine that the one that showed that the first person who was eligible to offer that block claimed it would demonstrate the involvement of more stake.
Then it changed where the third, fourth, fifth or 100th person was the one who ended up claiming the right to that block and that’s sort of confusing.But what you can do then is add all the stuff then you can say, “Okay, whichever has the largest number, now here you run into a problem, well what if they just go way off into the future in the year 3333, and so look at how much stake is involved?So what you do in order to check for that is you just make sure that they’re not claiming their chain teleported back in the future. As long as they aren’t making that claim, then you can look which one has the most stake involved.Leon Fu: Okay. Sounds like it’s more about like which node has been involved in the network that they own. That’s what, that’s how I seem to be understanding you.Tai Zen: It is that correct? The time that you have, not just the size of your stake, but the length of time of your stake also contributes to it.Aaron: Just selecting which changes is the right chain, right? Because the shorter the amount of time, the more likely it was that more total amount of stake was involved in the creation of that block.
So you can see the merit of having that chain that had the most stake working on it as being the right one. That intuitively makes sense. Right?Tai Zen: So, let’s say if Leon had a million Nextcoins in his account, but he’s only had that for one week and I have 100,000 NextcoinsAaron: That’s not what I’m saying, I’m saying for each block that’s forged, right? So for each block that’s forged, time is important. As time passes, there’s a number called the “hit”, the numbers is called the hit and it grows as time passesEventually when it gets large enough, then your private key holding your stake is considered acceptable for making the block right. It has to pass that threshold.
And then as it grows, so supposed you’re not there, it’s going to keep growing.Well, now somebody else’s stake is acceptable. Well, if he’s not there, that number’s going to keep growing and keep growing.
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Right?And your private key times your stake, right? It’s not exactly how the math works, but it’s a simpler way to think of it, right?That number keeps growing then eventually it will be large enough to where someone is available in the network to forge that block and it passes that threshold where he can do it right, but the less time that’s needed in order for the right to claim of block or the right to offer a block to be claimed.The less time that’s needed, that’s strong anecdotal evidence that a greater total amount of stake was involved in trying to forge that block. Does that make sense?Tai Zen: Okay, it’s a little bit technical for me to understand, but what is the advantage that this has over the Bitcoin blockchain? What advantages that giveAaron: There’s no advantage. It’s just different, it’s how we can make it work, it’s part of the process that makes that possible. So the advantages are that what I already described enough the advantages of transparent forging, this makes that possible.Don’t focus on how we think to figure out which chain demonstrated the greatest involvement of stake. Just focus on the abstract idea that whichever chain did involve, did have the greatest amount of state involvement.
You can see why that would be the chain you would want to go with, right?Just like with Bitcoin, it’s the one that has the greatest amount of hash. What I just described is just how we figure that out, how we figure out which chain.Leon Fu: Yeah, you’re trying to figure out like the process of who has the most stake and it’s not just a how many coins alone, right.Aaron: It’s the process of figuring out which one of these two alternate blocks you’ve got to forge, right? Which one of those two had the most stake in the network they had been trying to make?Leon Fu: Sure.Tai Zen: So basically this is the algorithm that determines because we have, you know, thousands of nodes across the network trying to produce the next block. So the process that you’re describing basically determine which is the next block that goes on top of the blockchain, gets added to the blockchain basically. Is thatAaron: Also describing how a lay observer knows which chain is a legitimate change, how we probably leverage that process in order to make that determination.Tai Zen: Okay. So that if you have two blocks coming in at the same time, you would be able to determine which is the correct one or which should be the correct one.Aaron: Or two block chains.
So you’ve got to split, there are 6 extra blocks on this one and six blocks pointing off on that one. Which one do we go with?Tai Zen: Okay. This is Tai Zen again from PrisonOrFreedom.com. It’s a free blog where we talk about the tools, the techniques and the strategies that help people find freedom in their lives in the technology.
Also in this video, I want to talk about the difference between NXT and Nextcoin.NXT is the original name that was created that was given to NXT protocol or the NXT network, system or economy. It was created by an individual named BCNext.
He got his inspiration from Bitcoin and developed original source code, he creates this entire NXT economy.It is spelt N-X-T, but it’s pronounced next okay to signify the next generation of cryptocurrency now. There’s a lot of confusion because when the network or the protocol of NXT originally first came out everybody referred to it as Nextcoin including myself.But I want you guys to realize that Nextcoin or NXT is more than just a currency. It’s also an alias system. It has many features also, it’s a peer-to-peer exchange. So there’s a lot of things that come together to create the Nextcoin network and the Nextcoin system.There’s a lot of confusion even with myself sometimes when I talk about it where I interchange the term NXT with the word Nextcoin and it makes it look like it’s just a currency. But keep in my that this is not just a currency this is an entire network, entire economy and the entire system.According to the developers of NXT, they prefer to call it NXT and pronounce it next as in NXT.
Tai Zen: This is Tai Zen and Leon Fu and we’re excited to have with us here today Aaron. He is one of the most popular and prolific Nextcoin ambassadors on and on all the Nextcoin forums.Let’s talk next about the Next arbitrary message system. Could you explain the difference between the Next arbitrary message system versus the Next alias system? They sound similar but there must be something different about itAaron: I think the difference is that we just applying a label to it, a category to it, which gives the devs different ideas about what they might do so in the future, they may parse out arbitrary messages 20 years ago.It could be stories like “Bob made a yummy burger today in the year 3330’.
It would just be a huge waste of resources all throughout the rest of history if we were storing arbitrary messages forever.But you want to store aliases forever, right? So by applying a different label to them, you tell the devs like, “Hey, you know, this one you can get rid of at some point in the future. And this one, I want this one to stay forever.”Tai Zen: So basically cleans up the blockchain and keeps it lean.Aaron: I could be wrong about this.Tai Zen: So the arbitrary message system, is that similar to email or chat or what?Aaron: Yes, or no, right, because obviously, it’s going to be way more expensive than just chatting, right? Because with chat you send directly to the person you try to communicate with.Arbitrary messages get copied and pasted and copied all over the network, obligated to everyone, which is an expensive process, which means that it needs to be something important.It doesn’t need to, I mean you could just pay to tell someone you’re eating a sandwich if you want it to, but we expect that we’re going to have usefulness for something like this because what we’re talking about here at censorship resistance.So it’s really useful for things like doing a distributed asset exchanges, things like that. Like if you want it to build a decentralized distributed assets exchange system like a market on top NXT where there were no trusted third parties, right? Tai Zen: What’s up, guys?
This is Tai Zen and Leon Fu and we’re excited to have with us here today Aaron. He is one of my most popular and prolific Nextcoin ambassadors on and on all the Nextcoin forums.Leon Fu: I saw a lot of these features are still in the background because there’s no app for that. There’s no interface that a typical user would be able to actually use these features yet that’s right.Aaron: Just building infrastructure right now.Leon Fu: True.Tai Zen: So ID the NXT infrastructure is way ahead of the user interface?Aaron: It’s just a bunch of power lines and no electricity coming through.Tai Zen: That’s a good way to put it, all the poles are wires up but no electricity running through it. The streets are paved, but there are no cars running through it yet.Is it because there’s not enough manpower right now, enough coders and programmers to develop the user interface or is this just how the NXT development community plans to roll out their products and services?Aaron: We just think the infrastructure is far more important.Tai Zen: Ok. SoAaron: That’s the focus of our resources.Leon Fu: So I think what was going to happen is we’re going to have more front-end developers come in to stop building apps for on top of this. Tai Zen: What’s up, guys?
This is Tai Zen and Leon Fu and we’re excited to have with us here today – Aaron – one of the most popular and prolific Nextcoin ambassadors on and on all the Nextcoin forums. The next thing that I wanted to ask you about is the hallmarks or the advanced hallmarks, could you talk a little bit about what it is and who it’s for and who would benefit from it or why was it created?Aaron: To my understanding is that they’re just using a token to prove that they hold a lot of stakes, which means that they have no interest in subverting or they have strong disincentive to subvert the functioning of the network, which means that they’re a reliable node to connect to, because why would they want to hurt the network if they’re holding 10 million NXT or something.
We’re dealing with DDoS attack system at the time and this was a counter-measure as these were nodes that you can trust.Tai Zen: So this is a hallmark is basically a certification that this node is legit?Aaron: No, that’s a certification that this node owns a lot of NXT or has access to the private key that controls a large amount of stake which is anecdotal evidence that they have the best interest of NXT at heart.Tai Zen: Ok because from what you said earlier, there’s no incentive for someone with a large stake in NXT to try and attack the system. So basically just–Aaron: Most of the time.Tai Zen: So the hallmark let the rest of the network know that I’m a large stakeholder in NXT, the hallmark lets everyone in the network know that I have control and that I have the incentive to secure the network.
Am I understanding?Aaron: Yes.Tai Zen: Okay is it used for anything else other than security?Aaron: Not that I know of.Tai Zen: You have a lot of articles out on the internet about NXT and then you have a lot of writing out there, now does someone have to contact you in order to use those articles or they are welcome to use your articles and it’s okay and they just need to reference you, what’s the policy on that?