| Nxt | Blockchain Platform | Proof of Stake | Official - page 303.

Ezravdb

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Activity: 1680

Merit: 506

Trphy.io

Quote from: farl4web on July 28, 2014, 02:48:53 AM

Quote from: Daedelus on July 25, 2014, 07:45:35 PM

Just looking through some old threads and found this that made me lol Cheesy

Charlie Lee, creator of litecoin, learning about NXT

It was taken at the Texas bitcoin conference earlier in the year, seems like a long time ago now... Grin

That one is really cool! Grin

juicyjuice87

sr. member

Activity: 490

Merit: 250

Quote from: TaunSew on July 28, 2014, 03:10:42 AM

That's the first "IF". It took a literal decade plus to get all the bugs in Java and C++ worked out, and to educate a generation of developers to program in that language. Who is going to program in Ethereum, to bring all the "flexible stuff" you want, if nobody is versed in the language?

"If" Ethereum comes out.. what then? Maidsafe barely grew any capitalization beyond its' IPO. Mastercoin, which was the first grand IPO, is now a dying stagnating coin. Ethereum is stuck being this ponzi scheme ran by a few wealthy investors that will likely just stagnate. There's no incentive for subsequent investors to come in.

Vitalik and the Ethereum crew get nervous and/or refuse to answer questions when other 2.0 coins are mentioned. I bet even NODE is better than Ethereum, LOL.

Ethereum being PoW / PoS hybrid (emphasis on the former) technically makes it a generation 1.5 coin in my book, even with the new 'programming language' that probably won't be put to much use until 10 years down the line.

Taunsew your cool. We should be friends

swartzfeger

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Activity: 350

Merit: 100

Quote from: ChuckOne on July 26, 2014, 07:30:51 PM

Quote from: LucyLovesCrypto on July 26, 2014, 06:54:27 PM

What will differentiate NXT once Ethereum comes out?

Does NXT have any unique plans that cannot be solved easier on the more flexible Ethereum platform?

Indeed.

1) Smart Contracts -- Not Turing-complete but covers basically 99% of all smart contract problems (trust me contract writers do not need Turing-completeness)
2) Automated Transactions -- Turing-completeness addition to Nxt; for the 1% other applications that require more elaborate algorithms

Btw. more flexible is not easier. In fact, most of the time it is the other way round. With more flexibility comes a steeper learning curve and bigger amount of mistakes made.

Speaking of turing complete -- James' asset exchange tradebot post

Nxt has entered completely new territory. Exciting times.

TaunSew

hero member

Activity: 756

Merit: 506

That's the first "IF". It took a literal decade plus to get all the bugs in Java and C++ worked out, and to educate a generation of developers to program in that language. Who is going to program in Ethereum, to bring all the "flexible stuff" you want, if nobody is versed in the language?

"If" Ethereum comes out.. what then? Maidsafe barely grew any capitalization beyond its' IPO. Mastercoin, which was the first grand IPO, is now a dying stagnating coin. Ethereum is stuck being this ponzi scheme ran by a few wealthy investors that will likely just stagnate. There's no incentive for subsequent investors to come in.

Vitalik and the Ethereum crew get nervous and/or refuse to answer questions when other 2.0 coins are mentioned. I bet even NODE is better than Ethereum, LOL.

Ethereum being PoW / PoS hybrid (emphasis on the former) technically makes it a generation 1.5 coin in my book, even with the new 'programming language' that probably won't be put to much use until 10 years down the line.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: LucyLovesCrypto on July 26, 2014, 06:54:27 PM

What will differentiate NXT once Ethereum comes out?
Does NXT have any unique plans that cannot be solved easier on the more flexible Ethereum platform?

Implying Ethereum will come out

LOL

farl4web

legendary

Activity: 1205

Merit: 1000

Quote from: Daedelus on July 25, 2014, 07:45:35 PM

Just looking through some old threads and found this that made me lol Cheesy

Charlie Lee, creator of litecoin, learning about NXT

It was taken at the Texas bitcoin conference earlier in the year, seems like a long time ago now... Grin

That one is really cool! Grin

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: nexern on July 27, 2014, 08:12:23 PM

nxt forging overview:

http://nxtexplorer.com/nxt/nxt.cgi?action=160

details here: https://nxtforum.org/news-and-announcements/nxtexplorer-update/msg71602/#msg71602

Nice. The Charity Hub forges like hell.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: LucyLovesCrypto on July 27, 2014, 09:37:09 PM

Quote from: ChuckOne on July 26, 2014, 07:30:51 PM

1) Smart Contracts -- Not Turing-complete but covers basically 99% of all smart contract problems (trust me contract writers do not need Turing-completeness)
2) Automated Transactions -- Turing-completeness addition to Nxt; for the 1% other applications that require more elaborate algorithms

Btw. more flexible is not easier. In fact, most of the time it is the other way round. With more flexibility comes a steeper learning curve and bigger amount of mistakes made.

Thank you for your thoughtful response!

As much as I like the idea of Turing completeness your comments make sense. It is very complex and brings additional security risks for such as infinite loops, etc which could potentially do harm to the blockchain

Exactly. As a first step we will have Smart Contracts that is way easier to implement and after that Automated Transactions to give everybody the flexibility and right to create new features.

LucyLovesCrypto

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Activity: 414

Merit: 251

Quote from: ChuckOne on July 26, 2014, 07:30:51 PM

Quote from: LucyLovesCrypto on July 26, 2014, 06:54:27 PM

What will differentiate NXT once Ethereum comes out?

Does NXT have any unique plans that cannot be solved easier on the more flexible Ethereum platform?

Indeed.

1) Smart Contracts -- Not Turing-complete but covers basically 99% of all smart contract problems (trust me contract writers do not need Turing-completeness)
2) Automated Transactions -- Turing-completeness addition to Nxt; for the 1% other applications that require more elaborate algorithms

Btw. more flexible is not easier. In fact, most of the time it is the other way round. With more flexibility comes a steeper learning curve and bigger amount of mistakes made.

Thank you for your thoughtful response!

As much as I like the idea of Turing completeness your comments make sense. It is very complex and brings additional security risks for such as infinite loops, etc which could potentially do harm to the blockchain

U

full member

Activity: 503

Merit: 106

Quote from: troisky on July 25, 2014, 03:58:19 PM

Can we say NXT is the best POS coin ?

absolutely.

U

full member

Activity: 503

Merit: 106

Quote from: nexern on July 27, 2014, 08:12:23 PM

nxt forging overview:

http://nxtexplorer.com/nxt/nxt.cgi?action=160

details here: https://nxtforum.org/news-and-announcements/nxtexplorer-update/msg71602/#msg71602

Good!

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: llocally on July 27, 2014, 06:54:17 AM

How i can trade bitcoin on next client? deposit with multigateway, and than is an asset for trading, or i must create them? Undecided

Essentially when you deposit BTC to the Multigateway it will be sent to you as the mgwBTC asset. You can trade that on the NXT asset exchange... but only BTC/NXT. If you want to convert it back to BTC you can use the multi-gateway again.

However, if you want to convert BTC to say DOGE, you can sell your BTC assets for NXT, then buy DOGE assets. Then if you want you can use the mgw to withdraw the Doge to your Doge wallet.

So, basically the NXT AE with the addition of the mgw becomes an exchange where you can trade any supported mgw coin with NXT rather then BTC that you would use at say BTER.

nexern

hero member

Activity: 597

Merit: 500

nxt forging overview:

http://nxtexplorer.com/nxt/nxt.cgi?action=160

details here: https://nxtforum.org/news-and-announcements/nxtexplorer-update/msg71602/#msg71602

Damelon

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Activity: 1092

Merit: 1010

NXT Community & Development Update #14 - (2014-07-27)

Link to The hangout: https://plus.google.com/hangouts/_/g52yu6s2rtnn2aiz3s4r7xhlj4a

Link to youtube: http://youtu.be/AEYjJKFAcIM

Hope to see some of you on there

Brangdon

sr. member

Activity: 365

Merit: 251

Quote from: LucyLovesCrypto on July 26, 2014, 06:54:27 PM

What will differentiate NXT once Ethereum comes out?

Does NXT have any unique plans that cannot be solved easier on the more flexible Ethereum platform?

Nxt will have a 12 month head start on Ethereum (roughly, depending on when it comes out). That's worth a lot - see how hard it is for alt-coins to displace Bitcoin despite often being technically better. And it's not clear that Ethereum will be technically better. The Nxt approach of implementing features using Java in the core, is more efficient than a scripting language. I hope Nxt gets its Turing Complete scripting language before Ethereum launches, because it's a good way to play with ideas, but the best ideas should go into the core.

Damelon

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Activity: 1092

Merit: 1010

Quote from: Eadeqa on July 27, 2014, 05:19:59 AM

Quote from: Damelon on July 26, 2014, 03:49:35 PM

What also might help is letting the client run without opening the browser directly.

Hey, Damelon. This should be in original post under clients

https://trade.secureae.com/

as it's fully featured client that does local signing without sending password to server (according Wesley) so is safe to use. Plus it's a "lightweight" client that doesn't require downloading the blockchain

Added it in. Let me know if it need to be worded differently

Damelon

legendary

Activity: 1092

Merit: 1010

Quote from: llocally on July 27, 2014, 06:54:17 AM

How i can trade bitcoin on next client? deposit with multigateway, and than is an asset for trading, or i must create them? Undecided

You cannot trade them directly in the client.
For this you need to use the Multigateway, which is not a core feature, but a service built on top of Nxt.

http://multigateway.com/

llocally

newbie

Activity: 19

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How i can trade bitcoin on next client? deposit with multigateway, and than is an asset for trading, or i must create them? Undecided

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: Damelon on July 26, 2014, 03:49:35 PM

What also might help is letting the client run without opening the browser directly.

Hey, Damelon. This should be in original post under clients

https://trade.secureae.com/

as it's fully featured client that does local signing without sending password to server (according Wesley) so is safe to use. Plus it's a "lightweight" client that doesn't require downloading the blockchain

bitcoincal

full member

Activity: 132

Merit: 100

NXT has an exchange that's trading assets with million dollar market caps in NEM and now jl777hodl, both of which are in the top 40 for all cryptos..

Think about it Shocked

Who else is doing that right now?

Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 303. (Read 941287 times)