Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 330. (Read 941287 times)

One of the main differences between Nxt and Bitcoin is the momentum of innovation Nxt has. That is a true advantage, the small userbase and low market capitalization makes it possible to try new things, which Bitcoin wouldn't dare to.
IMHO we haven't reached the point in development where we can rest on our oars! We must carry on and keep ahead of the crowd. If we do not implement AT this year, then next year we could lag far behind ethereum!

I recommend to be as careful as possible and to have a very long and thorough test phase. Jean-Luc's security concerns are reasonable and we should take them seriously, but to not implement this exciting feature into Nxt would be an unduly harsh measure.

Hello,all of NXTers
Welcome all of you start your running store journey on NxtStore,it is free now.
Simple instruction as following:
http://www.nxtstore.com/index.php?app=article&code=help

More info:
https://nxtforum.org/nxtstore/
And help to promote to all related ppl.
Thanks.

In theory, no hardware can currently *sucessfully* bruteforced bitcoin private key (or Nxt brainwallet account, also).

If anyone had the ability to crack a wallet.dat with a strong password, they wouldn't be wasting it on a wallet.dat...

edit: if anyone (joint NXT/DRK holders maybe?) would like to participate in my masternode asset experiment, some details are here: https://darkcointalk.org/threads/masternode-profit-shares-for-sale-via-nxt-asset-exchange-initial-1-month-experiment.1725/  -  if this is considered spamming or otherwise some kind of faux pas, let me know and I'll happily remove it, the nxtforum captcha gatekeeper is still barring my registration there, I have no clue why.

Thanks Vega.

Maybe start dates and finish dates could be added to the platform at some point, they are quite common in financial 'products' I believe...

In the meantime I am going to go ahead and give it a try, if bloody cryptsy ever send me my NXT so I can pay the asset issue fee. It will be an interesting (to me anyway!) experiment I think.

he sold and will never look back:
http://trollboxarchive.com/search/username/pinarello/

You can do it, but you have to make it very clear to everyone, and set the price accordingly. (You could in theory buy back the asset shares at the end of the month, but it's not a good solution.) I don't think there were an asset so far that had a time limit.
There is no way to destroy an asset. Especially shares that you sold to others.


Yes. All issued asset will be in your account and you can post ask orders, at any price.

As any fees: to forgers. Whoever forges the block after you issued the asset gets the fee.

OK I tried to register there but was defeated by the captcha 7 times and got bored of it, so here goes:


I would like to issue an asset and have some questions I hope someone can help me with.

The asset would comprise shares in the profits of one of my Darkcoin Masternodes.
ie. no. of DRK the Masternode earns minus the server costs.

So: issue asset 'tlcMN' or whatever with say 100 tokens. 1 tlcMNT = TBC amount of NXT, representing
1% of expected Masternode profits.

Initially, since this is an experiment as much as anything, I want the asset to have
a lifetime of 1 month from date of issue. Can I do this just by stating that's the deal
in the asset description?

Question: Having issued the asset, by default I own the 1000 tlcMNT, and can then set an
ask price on the exchange?

So: people hopefully buy, trade etc. the asset, and at the end of the month I check the
blockchain, and send proprtional amounts of my Masternode profits out to whoever owns what
quantity of tlcMNT at that time, minus proprtional share of server expenses.

Question: is there some way of then delisting/destroying the asset? Or is it just assumed
to be defunct as that was the deal stated in the asset description? Should I call the asset
'tlcMNTJULY14' to make that clear, as I don't want people selling on now worthless asset
shares and having the new owners bug me about not getting paid.

Question: the 1000NXT fee to list the asset - who/where does that money go to?

Am I basically on the right lines here or have I got the wrong end of the stick?

I'm principally a Darkcoin investor at this point but like the idea of the NXT platform
and this seems like a neat way of combining the two, allowing DRK holders who don't have
enough to run their own Masternode to buy a share in one while utilising NXT and hopefully,
if I get my numbers right, making me a little more profit than my MN alone would.

Apologies if these are all really stupid questions! I'm dense on occasion.

Answers/critiques/suggestions/invitations-to-bugger-off-all welcome, thank you. 

Sure, but it would be best to head over to https://nxtforum.org

I am thinking of issuing an asset, is this thread an appropriate place to ask some questions I have about the notion?

First, AT is not everything that is developed in Nxt.

Second, AT needs first to be integrated and can then be tested. Community has approved of that. We are waiting for the AT team.

If AT is not a priority I think it is a shame. To me it seems like AT could be the most important feature for NXT to take over the bulk of the crypto market.

Alternate CryptoCurrencies news


OLD NEWS

A man donates 1 Million NXT coins ($43,000) to Brain Preservation Foundation

Ireport  Cnn.com  : http://ireport.cnn.com/docs/DOC-1097582

First cafe in the world to accept crypto currency Nxt Coin

theboltonnews.co.uk    : http://www.theboltonnews.co.uk/news/11268661.First_cafe_in_the_world_to_accept_crypto_currency_Nxt_Coin/

Bitcoin Faces Regulatory Backlash as EU Tells Banks to Stay Away

The price has since dropped to about $631 on Bitstamp, an online exchange based in Slovenia. It would cost around $8.4 billion to buy all the Bitcoins in existence, according to Bitstamp.

The EBA’s announcement is “not very helpful” and may only deter individual users of virtual currencies, according to Simon Dixon, a director of the U.K. Digital Currency Association, a group representing the country’s virtual currency industry.

http://www.bloomberg.com/news/2014-07-04/bitcoin-faces-regulatory-backlash-as-eu-tells-banks-to-stay-away.html

EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says



http://www.bloomberg.com/news/2014-07-04/eu-banks-must-shun-bitcoin-until-rules-in-place-eba-says.html

AT hasn't been tested yet according to this:

https://nxtforum.org/general-discussion/nxt-hierarchy-at-discussion/msg59637/#msg59637

As far as I understand it may be implemented in the future, but it's not considered a priority right now. And because it requires extensive testing by AT devs before it can go live, it conveniently falls in line with it not being a priority.

Yep, I noticed the omission. TBH i dont understand the above enough to understand its value and priority, up against all the other stuff going on. I guess AT will be going to a clone now.  

Qora deserves AT, go for it!

Thought it was good enough to post the details here.    .......

1. Release 1.2.1e will be scheduled in a few days, with bugfixes to DGS. After more testing, 1.2.2 should be ready for main net, planned for the week of July 14th. It will have DGS, Alias Transfer, and Encrypted Messages features set to be enabled about a week after the release, to give everyone time to upgrade. Therefore these features will go live before end of July.

2. In parallel with 1.2 bugfixes, JLP will finish the work on the 1.3 database persistence branch, which will have no new features and will be compatible with 1.2. After the release of 1.3, in August, both will be supported for some time while making sure 1.3 is stable and fixing any database related performance problems.

3. As 1.3 stabilizes, kushti will port his Voting System branch to also use database persistence, and merge it to what will become the 1.4 release. The 1.4 release will also have the AE dividends payments feature already mostly done by CfB, and possibly Smart Leasing, which ChuckOne will be working on.

4. The Monetary System branch will be delayed a bit as CfB plans to include Mixing (CoinShuffle) in it. The mixing will only work for Monetary System currencies, not for NXT payments. The MS branch needs to be reviewed by me, ported to use database persistence, and merged to the develop branch, to be expected no sooner than 1.5.

5. After MS, CfB will work on finishing Economic Clustering, Anti-Deflation, and the next steps to Transparent Forging, such as Time Warp.

6. After Smart Leasing, ChuckOne plans to focus on Atomic Cross-Chain Trading.

7. Kushti will work on blockchain pruning, improvements to Asset Exchange and DGS, and possibly helping with TF.

8. After the db work and managing the releases of the above features, I will look into Phasing, which includes Multisig Transactions and Escrow and is also related to the Atomic Cross-Chain Trading project.

9. The Instant Transactions proposal by Matt is still in the design phase, and is also related to Transparent Forging. ChuckOne would also assist with IT design.

A complete overhaul of the Nxt Whitepaper has been put together and is ready for review and comment:

https://docs.google.com/document/d/1BWVPUsyS6G4gIyPXNO_XFoszhzP6jJRGe8t--RtpMkY/edit?usp=sharing

Google Drive will allow comments and suggested edits within the doc itself.

My aim is to have it finished and published by the end of July, at the very latest.

Big things are ahead of us...

https://nxtforum.org/news-and-announcements/development-roadmap-update-2014-07-05/

Thanks, sent someone their 1 NXT back so hopefully that's taken care of. Can't now afford an alias until cryptsy delivers, lol.