| Nxt | Blockchain Platform | Proof of Stake | Official - page 195.

tyz

legendary

Activity: 3360

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Confirmed! I have got my weekly NSCs again . Great program, keep it up !

Quote from: EmoneyRu on June 27, 2015, 02:36:57 AM

NSC payouts #8.

EmoneyRu

hero member

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Nxt-kit developer

NSC payouts #8.

tyz

legendary

Activity: 3360

Merit: 1533

it is coming around with coin shuffling feature. Last plan i read at nxtforum.org was verison 1.6.

Quote from: box0214 on June 25, 2015, 09:35:03 AM

when is nxt anonymity feature coming out and how does it work? any ideas yet?

SebastianJu

legendary

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Quote from: nexern on June 25, 2015, 10:11:15 AM

Quote from: SebastianJu on June 25, 2015, 07:32:14 AM

Quote from: nexern on June 25, 2015, 06:25:28 AM

it is very easy. the alias solution is max. simple and solid and it has zero side effects on trading.
for the issuer it means just ~20 lines of additional code, that's it. skynet for instance will support this
divi solution later just by traversing the shareholders list, scanning for a divi alias. if found, it is used,
if not, a standard nxt payment is made.

however, multigateway is good too.

Ok, then lets speak a bit more about that json. Im not so much into nxt that i know already what its about.

The json is a action directive that gets triggered when paying out divs?

So lets assume you implement the json, then you can have your bitcoins in your own wallet and how would you send out divs then? The shareholders could get their divs as real btc in their own wallets. Not btc tokens?

Im sorry but im very new to nxt and i did not understand the system so well.

the json example is, as mentioned, a more advanced solution where additional logic could be added but
let's stick with the simple and effective alias path.

you asked (for good reasons) for the possibilities to pay dividends in BTC instead nxt.
here is how skynet will handle this as soon divis and amount reaches an uncomfortable book threshold.

what the issuer do:

1. announcing to support additional currency divi support to shareholders and defining alias syntax (like below)

what the shareholder do:

1. register an alias e.g. sky2btc1...[1] with account holding the shares (duration: 10 sec. | costs: 1 cent one time)

that's it. nothing more todo. this has also an interesting effect. since this is a free decision, the shareholders are
voting with this alias bridge for constant buy pressure on NXT (due to conversion) or not.

issuer divi payment flow is very simple also:

1. api call for all shareholders and traversing shareholders alias for above mentioned alias prefix (sky2btc)
2. pipe divi payments to alias BTC address (real BTC) if found or NXT as usual if not

[1] since aliases are unique, a random sequence has to added at the tail.

Thank you for your answer. I found that SkyNET is a private project. Its not possible that it steals something?

Then, this solution would mean that the issuer would have to have both, bitcoins and nxt in their account. Though maybe shareholders would mostly switch to btc, so that only a small amount of nxt would be needed.

Im really a noob to nxt. So the issuer handles its security on a website and the shareholders have the jwallet or so, where they hold their shares. If the issuer wants to spread divs then he buys btc on an exchange, then he needs to bring the coins into the nxt system, otherwise they cant be spread. Then he starts the payout process.

Is this correct so far? If someone would set up this for a noob issuer that doesnt have the time to learn everything, then this might be a solution. Issuer then wouldnt have much to do anymore.

bitcoinrocks

legendary

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Doesn't that duplicate some of the functionality going into SuperNET?

Daedelus

hero member

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Merit: 500

Quote from: box0214 on June 25, 2015, 09:35:03 AM

when is nxt anonymity feature coming out and how does it work? any ideas yet?

Coin-shuffling?

*checks OP of https://bitcointalksearch.org/topic/nxt-development-discussion-the-dev-plan-that-keeps-on-delivering-831202*

It is due for the next version, NRS v.1.6, the last I heard.

Info can be found here...
https://nxtforum.org/monetary-system/ms-coin-for-shuffling-nxt/
And...
https://bitbucket.org/JeanLucPicard/nxt/issue/135

It is based around a shufflable MSCurrency, you buy the shufflable coin, it gets shuffled, then you sell back for Nxt (AFAIK, I might be out of date). I guess whichever shufflable coin has the biggest volume first will have more to shuffle, therefore more anonymity? Don't quote me Grin

nexern

hero member

Activity: 597

Merit: 500

Quote from: SebastianJu on June 25, 2015, 07:32:14 AM

Quote from: nexern on June 25, 2015, 06:25:28 AM

it is very easy. the alias solution is max. simple and solid and it has zero side effects on trading.
for the issuer it means just ~20 lines of additional code, that's it. skynet for instance will support this
divi solution later just by traversing the shareholders list, scanning for a divi alias. if found, it is used,
if not, a standard nxt payment is made.

however, multigateway is good too.

Ok, then lets speak a bit more about that json. Im not so much into nxt that i know already what its about.

The json is a action directive that gets triggered when paying out divs?

So lets assume you implement the json, then you can have your bitcoins in your own wallet and how would you send out divs then? The shareholders could get their divs as real btc in their own wallets. Not btc tokens?

Im sorry but im very new to nxt and i did not understand the system so well.

the json example is, as mentioned, a more advanced solution where additional logic could be added but
let's stick with the simple and effective alias path.

you asked (for good reasons) for the possibilities to pay dividends in BTC instead nxt.
here is how skynet will handle this as soon divis and amount reaches an uncomfortable book threshold.

what the issuer do:

1. announcing to support additional currency divi support to shareholders and defining alias syntax (like below)

what the shareholder do:

1. register an alias e.g. sky2btc1...[1] with account holding the shares (duration: 10 sec. | costs: 1 cent one time)

that's it. nothing more todo. this has also an interesting effect. since this is a free decision, the shareholders are
voting with this alias bridge for constant buy pressure on NXT (due to conversion) or not.

issuer divi payment flow is very simple also:

1. api call for all shareholders and traversing shareholders alias for above mentioned alias prefix (sky2btc)
2. pipe divi payments to alias BTC address (real BTC) if found or NXT as usual if not

[1] since aliases are unique, a random sequence has to added at the tail.

box0214

sr. member

Activity: 350

Merit: 252

when is nxt anonymity feature coming out and how does it work? any ideas yet?

PotShot-RSA

newbie

Activity: 38

Merit: 0

Can't the SAE work for this? Any Nxt user can go to secureae.com, click Sign In, Nxt Client Login, login with the secret phrase and click the Deposit BTC link, where you will be assigned a permanent BTC address for that Nxt account.

Any BTC deposits to that BTC address will be exchanged for you by the SAE and the nxt will appear in your Nxt account.

I'm not sure what the SAE fees are.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: nexern on June 25, 2015, 06:25:28 AM

it is very easy. the alias solution is max. simple and solid and it has zero side effects on trading.
for the issuer it means just ~20 lines of additional code, that's it. skynet for instance will support this
divi solution later just by traversing the shareholders list, scanning for a divi alias. if found, it is used,
if not, a standard nxt payment is made.

however, multigateway is good too.

Ok, then lets speak a bit more about that json. Im not so much into nxt that i know already what its about.

The json is a action directive that gets triggered when paying out divs?

So lets assume you implement the json, then you can have your bitcoins in your own wallet and how would you send out divs then? The shareholders could get their divs as real btc in their own wallets. Not btc tokens?

Im sorry but im very new to nxt and i did not understand the system so well.

nexern

hero member

Activity: 597

Merit: 500

it is very easy. the alias solution is max. simple and solid and it has zero side effects on trading.
for the issuer it means just ~20 lines of additional code, that's it. skynet for instance will support this
divi solution later just by traversing the shareholders list, scanning for a divi alias. if found, it is used,
if not, a standard nxt payment is made.

however, multigateway is good too.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: TwinWinNerD on June 24, 2015, 08:27:11 AM

Its called multigateway and the backing is 100%. Its a multisignature setup managed by superNET. You can find out more here: https://multigateway.org/

So its this site. The bitcoin token are not part of the nxt network itself, like it is with bitmarket? but the advantage is that you can buy nxt without crashing the market. Right?

Quote from: nexern on June 24, 2015, 03:21:17 PM

perhaps this is another, simple and solid solution for external divi payments.

shareholder register an alias pointing to a BTC address for dividends.
no need for tracking ownership now. query the standard api for shareholders
as usual when divis are triggered and pay out directly in BTC to the alias target.

target address can be modified also if needed. this approach can be used
to handle any coin for any divis. alias could be like this: divi2btc1... or divi2ltc1...

would cost one time 1 cent for a schareholder but it's worth and very flexible.

ps: an divi2nxt... could be use to redirect divi payments into a cold storage for instance.

Thank you for your tip but i think that will be too complicated for the issuer i have in mind. For the first things shareholders would need to act, which would make trading these shares a bit more complicated. And the issuer is no man who wants to invest much time unfortunately.

I wonder if nxt would have a problem when div payments are sent with btc, not with nxt.

For now it sounds like that multigateway is the easiest way. But still. It would involve another step. Exchanging fiat to btc and then to nxt, then pay out divs.

Hm... would be great it nxt would be as easy to use as one might imagine it. Wink

nexern

hero member

Activity: 597

Merit: 500

here is another, more complex solution.

send a plain text message to yourself, containing a 'action directive' json.
(this is not a valid json, just to show what i mean)

{

   {
      asset: skynet
      action: { split: curr }
      accounts: {

         { curr: btc, acc: 1234567, pct: 50 }
         { curr: nxt, acc: 1234567, pct: 25 }
         { curr: ltc, acc: 1234567, pct: 25 }

      }

   }

   {
      asset: supernet
      action: { split: acc, pct: equal }
      curr: btc
      accounts: {

         { 1234567, 345678, 4567890 }

      }

   }
   ...
}

this way nxt could add complex but easy divi handling on user side.
a client plugin could provide this for the shareholder while asset
issuers could read it to handle directives without tracking issues.

just an idea. however, i am sure nxt needs something like this sooner
or later. a handfull succesfull assets, generating revenue streams
outside crypto (fiat) could run quickly into conversion/book draining
problems.

nexern

hero member

Activity: 597

Merit: 500

perhaps this is another, simple and solid solution for external divi payments.

shareholder register an alias pointing to a BTC address for dividends.
no need for tracking ownership now. query the standard api for shareholders
as usual when divis are triggered and pay out directly in BTC to the alias target.

target address can be modified also if needed. this approach can be used
to handle any coin for any divis. alias could be like this: divi2btc1... or divi2ltc1...

would cost one time 1 cent for a schareholder but it's worth and very flexible.

ps: an divi2nxt... could be use to redirect divi payments into a cold storage for instance.

Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 195. (Read 941260 times)