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Topic: [ANN][NTX]First Anon Coin based NXT|Big Bounties| Trading on Bter now. - page 6. (Read 88281 times)

hero member
Activity: 490
Merit: 504
just for the link? I wrote it Cheesy
hero member
Activity: 714
Merit: 500
Ive loaded up on a few million ntx now lets see where this train is heading
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
We should wait until it is designed and implemented first. I don't think anyone, apart from possibly the developers, understand what the step by step process will be. I'd imagine, it's just a special transaction once in every 'recast block'.

No problem...  I'll wait for the devs to explain it when everything is ready. 

The whitepaper makes it sound like some action on the part of the owners of coins is necessary.

Of course in theory this process could be automated, either in a tool developed by the devs or in a tool developed by the individual owner.
sr. member
Activity: 378
Merit: 250

Can someone please explain the steps required in order NOT to lose coins due to recasting or is this true only for aliases?   Undecided

We should wait until it is designed and implemented first. I don't think anyone, apart from possibly the developers, understand what the step by step process will be. I'd imagine, it's just a special transaction once in every 'recast block'.
full member
Activity: 210
Merit: 100
Borderless for the People, Frictionless for the Ba
Faucet broken ?
I get "Balance could not be retrieved." error.

Maybe the faucet have a little Bug,My test is normal.Theretofore I get "Balance could not be retrieved." error.too,After someone sent me a few COINS,It's normal now.
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
legendary
Activity: 1316
Merit: 1041
Bitcoin is a bit**
Nice to see this coin s fast growing
member
Activity: 62
Merit: 10
very good community, everything goes so smooth!

This weekend and Monday will be perfect days for announcements and test results.

The big ones (VRC, XC, DRK, ...) are stagnating, (P&D like Minerals are not looking good, too), VOOT will propably reach Mintpal and also propably die.

So be there!!! Right time, right place. And catch the investors. Since we reached Polo, I am in, and more BTC are coming next bank business days.

hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
Hi there,

Can someone explain in simple words what is it so special about ntx? please explain recast, anonymity etc..

Thanks

Hello mav.

There is a whitepaper that has the details, although it looks as though it is poorly written but most likely English was not the writer's first language.

From what I've gathered, recasting will essentially delete all aliases two "casts" back unless a minute fee is paid to keep them. All aliases lost we be available as they were in the genesis block. I'm not sure but I think this also includes messages and maybe some other data.

For your assets and coins, you simply have to perform some sort of transaction, with a fee, which I think you get back, otherwise,  after a certain number of "casts" they will all start to slowly disappear over time. I think they are redistributed as fees for forging. This over time would increase incentive for forging and stop deflation (only through the money supply process not from demand).

From what I could gather, is this would also solve the blockchain bloat but still be very secure and also disadvantage hoarders of aliases. This would he very good for micro transactions but could be scary for some people and businesses.

I only skimmed through that part of the whitepaper but I love the idea. I didn't look at the anonymouspart. It will be good to hear some expert opinions and to see it implemented(it's still being written).

Someone will write a script to perform the necessary regular transactions automatically
full member
Activity: 135
Merit: 100
Thank u lovely89 for the explanations Smiley
newbie
Activity: 2
Merit: 0
sr. member
Activity: 461
Merit: 250
Faucet broken ?

I get "Balance could not be retrieved." error.
hero member
Activity: 711
Merit: 500
big thing!
NTX charitable donation activities is over.
More than 3 million NTX were auctioned off.
A total of conversion into 5100 CNY.
All of the money will be donated to a girl called Wang Sipei,Unfortunately she had leukemia.
Congratulations to the winner and hope Wang Sipei get better soon.
member
Activity: 85
Merit: 10
very good community, everything goes so smooth!
sr. member
Activity: 308
Merit: 250


 the PO should updated because of we reached the POLONIEX .
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