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Topic: NXT :: descendant of Bitcoin - Updated Information - page 1267. (Read 2761629 times)

full member
Activity: 224
Merit: 100
Regarding Mixing Service. Do we need such on-chain service that mixes coins with anonymity-reliability trade-off? 30% anonymity means 70% reliability to get all the coins back. Yes, it means that with 100% anonymity u could get 0% - 200% coins back.

can you elaborate on how the mixing service can work and why such high risks are involved?
the anonymity feature is quite important in my view.

I can't. I don't know the algo. It costs 1M NXT.

Ok, I have an algo, too and will send it to you for only 900.000 NXT. It has 99,99% anoymity. And that is PER NXT! Deal?

Seriously, don't pay upfront. Make a bounty and set a date, just like you did with javascript encryption. Winner is whatever gets implemented in NXT.
legendary
Activity: 2142
Merit: 1010
Newbie
Yes

Anonymity in which form? What is the question somebody will not be able to answer after I did mixing some coins up?

Is there a link between these incoming and these outgoing transactions?
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Yes

Anonymity in which form? What is the question somebody will not be able to answer after I did mixing some coins up?
sr. member
Activity: 630
Merit: 262
This account was hacked. just recently got it back
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Regarding Mixing Service. Do we need such on-chain service that mixes coins with anonymity-reliability trade-off? 30% anonymity means 70% reliability to get all the coins back. Yes, it means that with 100% anonymity u could get 0% - 200% coins back.

What is the purpose of that mixing service? Achieving anonymity?
sr. member
Activity: 630
Merit: 262
This account was hacked. just recently got it back
Regarding Mixing Service. Do we need such on-chain service that mixes coins with anonymity-reliability trade-off? 30% anonymity means 70% reliability to get all the coins back. Yes, it means that with 100% anonymity u could get 0% - 200% coins back.

can you elaborate on how the mixing service can work and why such high risks are involved?
the anonymity feature is quite important in my view.
That's the first approach we have, there might be other and better approaches.

You should only use it if you do so regularly and if you are aware of the risk.

You could mix 1.000 Nxt and you end up with 700.

The chance for that is really low tho, if you're familiar witch stochastics the more transactions you have going on, the closer you end up at + - 0%.

I find it hard to wrap my head around, but it's maths Cheesy
legendary
Activity: 2142
Merit: 1010
Newbie
Regarding Mixing Service. Do we need such on-chain service that mixes coins with anonymity-reliability trade-off? 30% anonymity means 70% reliability to get all the coins back. Yes, it means that with 100% anonymity u could get 0% - 200% coins back.

can you elaborate on how the mixing service can work and why such high risks are involved?
the anonymity feature is quite important in my view.

I can't. I don't know the algo. It costs 1M NXT.
hero member
Activity: 854
Merit: 1001
Frictionlesscoin vs EvilDave:

Hey Dave, why are you still bothering with this guy?

and seriously

Why do you need to show everybody here that you are doing it? That looks like it is this thread that asks for it.

Just let him be, why do you need to annoy him. Do something better, i'm sure you can mate  Grin

He's threatened myself and others in the NXT community with legal action for little more than asking questions.
He's also gone public with his desire to destroy NXT.

This isn't about me grandstanding, he's had a long, long history of trolling NXT and I've just had enough of him.
And, yeah, there are better things I could do with my time.... Wink

hero member
Activity: 840
Merit: 1002
Simcoin Developer
I know what you mean. Alternatives are good. However, most people like to have one trustworthy source. Especially, if you strive for wider adoption.

What makes you trust NRS now?
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Official ones?

Official? Explain plz.

Well, today there is the NRC. It's what most people understand of official.

Most importantly, it's the most trusted one. So, how can I trust other clients NOT to steal my Nxts? If I wouldn't be an software engineer, I could also add I have no way to determine the trustworthiness. (It's anyway a very tedious and error-prone work, cf. all the reviews etc.)

There is no way, the network could tell me whether my client is trustworthy. E.g. it orders an transaction that destroys my Nxts. Then what? I could complain and warn other people, but my Nxts are gone.

Stick to good old "Don't invest more than u can afford to lose".

I know what you mean. Alternatives are good. However, most people like to have one trustworthy source. Especially, if you strive for wider adoption.
sr. member
Activity: 491
Merit: 250
S P 8 D E
yes, we need unless you prefer emunie starts to gain market share at the expense of nxt. What would happen if emunie starts to gain investor attention because they implement some features that nxt is just talking about??

don't you think it would be better to say to the world, look, nxt is here with those features done before any other crypto and make a strong marketing campaing.

Has any stakeholder talked about hiring a good SEO or marketing professional??

TBH, I prefer to use Nxt as store of value, eMunie as mean of exchange and Ethereum for public smart contracts (to fund firemen, etc.).

i deduct from your answer that you like Nxt as a store of value because it is going to rise in value against any other currency. Am I correct in this assertion?

How would it be achieved if nxt starts to lose value against other currencies because it does not gain investor focus?? In this case, it would be useless as a store of value.

do you have any ace upon your sleeve (whatever it is) in relation to the promised nxt innovations just in case any other currency becomes mainstrem instead of Nxt??

thank you for your answers.

Well, for one, NXT is not inflationary. Emunie and Eth have huge inflation.

So why would NXT lose it's store of value if "it does not gain investor focus"? Will all of your coins suddenly be worth less?

Also, is it just me or suddenly in the last 5 pages or so people became very, very concerned with price? People forgot already NXT went all the way up to $60mil market cap in 2 months already? Yes, it's a slow period, price-wise, but this always happens after a large rise.

My advice, don't worry about the price. We have people here that constantly deliver good results, I wouldn't want them to half-ass something just so a few people can make a quick buck.

I can't say much about Ether but to me Emunie is based on some very questionable assumption such as Emunie's price will always rise. As long as Emunie's price is falling, the whole thing would just collapse. It is very difficult to keep a currency stable and impossible with crypto currency due to a heavy element of speculation.

I believe Emunie is doomed to fail at the first crash. So sorry Cfb, you won't have a chance to use Emuine to exchange because it won't reach that scale ever.
I am very curious to see how MSC, Bitshares, eMunie and Ethereum will handle the regulatory pressures (they are eponymous - launched IPOs without being SEC compliant, even Bitshares with their Angelshares) while NXT and XCP followed Satoshi's paradigm.

Furthermore they are not decentralised and we all have seen how popular Ripple is...in fact this is the weakest link in Mastercoin - almost a non existent community, only bounties left untouched!!

While here we have a supportive community thriving with developers and promoters - make me feel guilt I am a big stakeholder while other people do so much things for NXT.

At least I am not shamelessly attacking the community while I DON'T DO ANYTHING about it - I am talking about you eMULE, your nick could not much you any better!

That's exactly the point , those projects can get in real trouble , and thats why nxt will be the NUMERO UNO. in the 2gen.
full member
Activity: 184
Merit: 100
Regarding Mixing Service. Do we need such on-chain service that mixes coins with anonymity-reliability trade-off? 30% anonymity means 70% reliability to get all the coins back. Yes, it means that with 100% anonymity u could get 0% - 200% coins back.

can you elaborate on how the mixing service can work and why such high risks are involved?
the anonymity feature is quite important in my view.

edit: I got it. it is a users idea.
legendary
Activity: 2142
Merit: 1010
Newbie
Official ones?

Official? Explain plz.

Well, today there is the NRC. It's what most people understand of official.

Most importantly, it's the most trusted one. So, how can I trust other clients NOT to steal my Nxts? If I wouldn't be an software engineer, I could also add I have no way to determine the trustworthiness. (It's anyway a very tedious and error-prone work, cf. all the reviews etc.)

There is no way, the network could tell me whether my client is trustworthy. E.g. it orders an transaction that destroys my Nxts. Then what? I could complain and warn other people, but my Nxts are gone.

Stick to good old "Don't invest more than u can afford to lose".
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Official ones?

Official? Explain plz.

Well, today there is the NRC. It's what most people understand of official.

Most importantly, it's the most trusted one. So, how can I trust other clients NOT to steal my Nxts? If I wouldn't be an software engineer, I could also add I have no way to determine the trustworthiness. (It's anyway a very tedious and error-prone work, cf. all the reviews etc.)

There is no way, the network could tell me whether my client is trustworthy. E.g. it orders an transaction that destroys my Nxts. Then what? I could complain and warn other people, but my Nxts are gone.
legendary
Activity: 1498
Merit: 1000
yes, we need unless you prefer emunie starts to gain market share at the expense of nxt. What would happen if emunie starts to gain investor attention because they implement some features that nxt is just talking about??

don't you think it would be better to say to the world, look, nxt is here with those features done before any other crypto and make a strong marketing campaing.

Has any stakeholder talked about hiring a good SEO or marketing professional??

TBH, I prefer to use Nxt as store of value, eMunie as mean of exchange and Ethereum for public smart contracts (to fund firemen, etc.).

i deduct from your answer that you like Nxt as a store of value because it is going to rise in value against any other currency. Am I correct in this assertion?

How would it be achieved if nxt starts to lose value against other currencies because it does not gain investor focus?? In this case, it would be useless as a store of value.

do you have any ace upon your sleeve (whatever it is) in relation to the promised nxt innovations just in case any other currency becomes mainstrem instead of Nxt??

thank you for your answers.

Well, for one, NXT is not inflationary. Emunie and Eth have huge inflation.

So why would NXT lose it's store of value if "it does not gain investor focus"? Will all of your coins suddenly be worth less?

Also, is it just me or suddenly in the last 5 pages or so people became very, very concerned with price? People forgot already NXT went all the way up to $60mil market cap in 2 months already? Yes, it's a slow period, price-wise, but this always happens after a large rise.

My advice, don't worry about the price. We have people here that constantly deliver good results, I wouldn't want them to half-ass something just so a few people can make a quick buck.

I can't say much about Ether but to me Emunie is based on some very questionable assumption such as Emunie's price will always rise. As long as Emunie's price is falling, the whole thing would just collapse. It is very difficult to keep a currency stable and impossible with crypto currency due to a heavy element of speculation.

I believe Emunie is doomed to fail at the first crash. So sorry Cfb, you won't have a chance to use Emuine to exchange because it won't reach that scale ever.
I am very curious to see how MSC, Bitshares, eMunie and Ethereum will handle the regulatory pressures (they are eponymous - launched IPOs without being SEC compliant, even Bitshares with their Angelshares) while NXT and XCP followed Satoshi's paradigm.

Furthermore they are not decentralised and we all have seen how popular Ripple is...in fact this is the weakest link in Mastercoin - almost a non existent community, only bounties left untouched!!

While here we have a supportive community thriving with developers and promoters - make me feel guilt I am a big stakeholder while other people do so much things for NXT.

At least I am not shamelessly attacking the community while I DON'T DO ANYTHING about it - I am talking about you eMULE, your nick could not much you any better!
hero member
Activity: 840
Merit: 1002
Simcoin Developer
This algorithm must be the same in all clients, so the user can open his wallet everywhere.

imho bitcoin wallets are noninterchangeable, unless you are importing/exporting them. right?

And they are upset about it and want to standardize them.
hero member
Activity: 490
Merit: 504
Vault of Satoshi adding NXT in near future!
http://www.coindesk.com/vault-of-satoshi-new-altcoin-support/

"Among those soon to be supported by the exchange are Marketcoin, and Nxt. However, these are taking considerably more work due to their fundamentally different architectures, he said."

I suggest everyone email Vault of Satoshi to give your support of Nxt, they will most likely implement Nxt quickly if they see the support.  [email protected]

Justabit already sent him contacts on devs and "managers" to help Smiley
hero member
Activity: 910
Merit: 1000
This algorithm must be the same in all clients, so the user can open his wallet everywhere.

imho bitcoin wallets are noninterchangeable, unless you are importing/exporting them. right?
legendary
Activity: 2142
Merit: 1010
Newbie
Vault of Satoshi adding NXT in near future!
http://www.coindesk.com/vault-of-satoshi-new-altcoin-support/

"Among those soon to be supported by the exchange are Marketcoin, and Nxt. However, these are taking considerably more work due to their fundamentally different architectures, he said."

I suggest everyone email Vault of Satoshi to give your support of Nxt, they will most likely implement Nxt quickly if they see the support.  [email protected]

No need to DDoS them. Actually, they have no other choice.
legendary
Activity: 1470
Merit: 1004
Vault of Satoshi adding NXT in near future!
http://www.coindesk.com/vault-of-satoshi-new-altcoin-support/

"Among those soon to be supported by the exchange are Marketcoin, and Nxt. However, these are taking considerably more work due to their fundamentally different architectures, he said."

I suggest everyone email Vault of Satoshi to give your support of Nxt, they will most likely implement Nxt quickly if they see the support.  [email protected]
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