NXT :: descendant of Bitcoin - Updated Information - page 1284.

kunibopl

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Quote from: pandaisftw on January 28, 2014, 05:39:18 PM

Quote from: gvans on January 28, 2014, 05:23:54 PM

How about... a transparent nxt monolith.
Proportions 1:4:9 as in 2001: A Space Odyssey Cool

Where can I buy one of these to put on my desk? Grin

Or maybe it could be my desk.

let's 3D print, engrave with QR-code or something to represent a colored coin.
or just 3D print and deploy as marketing article.

EvilDave

hero member

Activity: 854

Merit: 1001

Hey, NXT crew ! Top o' the evening to ya...!

@CfB..u still got your appendix....in you or in a jar?
Good to have u back, bro, but don't work too hard.

On the logo/colours issue: I like titanium and I like this turbine shape:

And I like stainless steel:

Just putting these up here as inspiration for designers. Pretty much every alt-coin logo is either gold or silver, titanium or stainless steel feels like a better fit with NXT for me. More industrial, to reflect NXTs many uses......not just money.

Dropping back into stealth mode.....

bithic

newbie

Activity: 56

Merit: 0

Quote from: jl777 on January 28, 2014, 06:39:03 PM

Quote from: bithic on January 28, 2014, 06:25:44 PM

Quote from: Anon136 on January 28, 2014, 06:23:27 PM

Maybe there are many nodes but their solution to the byzantine generals problem is the same one that has been used for thousands of years, central authority. If the ripple foundation was ever compromised than ripple would not be able to continue without them. That is precisely the problem that bitcoin solved and ripple unsolved.

Please expand?

I'm not a Ripple expert, but I believe the keyword is "distributed". Big difference. If they could claim decentralized, they would. My understanding is that all transactions on the Ripple network depend on trust relationships between gateways, which act as the authority.

Here's an article I found helpful when trying to understand Ripple:
http://blog.coinsetter.com/2013/04/29/virtual-currency-trading-wars-bitcoin-versus-ripple-xrp/

Gateways deal with all the govt regulations and the issuing of IOUs into the ripple network. Once in the ripple network, all the trades, etc. are done via consensus of distributed rippled servers. The gateways are not directly involved in ripple network transactions other than redemptions.

Not sure of the number of non-RL servers, but my guess is around 100 total rippled servers are running.

James

Ah, so the trust relationship is between the ripple servers. Got it. So, if the server operators (Ripple Foundation, governments, banks?) ever collude to come to a consensus that supports a dishonest transaction, there would be no way to prove otherwise, because the transaction confirmation depends on their consensus rather than a decentralized processing of the blockchain?

So the difference between Ripple and all truly decentralized cryptocurrencies is that all Ripple users have to trust the people who control the servers (i.e. the Ripple Foundation). A true crypto like Bitcoin or Nxt is entirely trustless in operation.

I think there should be an article on this in the Nxt wiki, because once our decentralized exchange comes out, a lot of people will be asking what the benefit over Ripple is.

*EDIT* This post is still rather confused on the issue. jl777 explains further a bit later on.

PeercoinEnthusiast

full member

Activity: 126

Merit: 100

JustabitofTime - Co-Founder of CoinTropolis

Leveraging contacts... want to get the ball rolling:

https://bittylicious.com/

Is there anyone with a UK based bank account willing to sell their Nxt (you name the price) for a service such as Bittylicious? I've been in contact with Marc quite a bit for Peercoin and want to start the ball rolling here.

If you're interested, please drop me a PM. This is a VERY EASY way to get Nxt into the hands of new people.

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: Anon136 on January 28, 2014, 06:23:27 PM

If the ripple foundation was ever compromised than ripple would not be able to continue without them.

Why? For technical or political reasons? Can you give a link to read about that?

mynxtcoin

newbie

Activity: 20

Merit: 0

Quote from: salsacz on January 27, 2014, 11:21:44 PM

a sneak peak to my idea about a green Nxt video:
http://www.youtube.com/watch?v=ic_WLMPX888&feature=youtu.be

Wow, way cool dude

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: bithic on January 28, 2014, 06:25:44 PM

Quote from: Anon136 on January 28, 2014, 06:23:27 PM

Quote from: NxtChg on January 28, 2014, 06:05:01 PM

Quote from: Anon136 on January 28, 2014, 06:02:12 PM

Ripple is centralized.

No it's not. Their network is decentralized. Sure they have pre-mine, but so do we.

Quote

Because Ripple’s exchange is distributed as opposed to centralized, the whole concept of co-location becomes fundamentally different. There is simply no central location near which you would co-locate for a speed advantage. Ripple exists on servers around the world, and anyone can easily spin up their own copy of a Ripple server for free. (The code is open source.)

https://ripple.com/blog/ripples-distributed-exchange-and-the-high-frequency-trading-arms-race/

Maybe there are many nodes but their solution to the byzantine generals problem is the same one that has been used for thousands of years, central authority. If the ripple foundation was ever compromised than ripple would not be able to continue without them. That is precisely the problem that bitcoin solved and ripple unsolved.

Please expand?

I'm not a Ripple expert, but I believe the keyword is "distributed". Big difference. If they could claim decentralized, they would. My understanding is that all transactions on the Ripple network depend on trust relationships between gateways, which act as the authority.

Here's an article I found helpful when trying to understand Ripple:
http://blog.coinsetter.com/2013/04/29/virtual-currency-trading-wars-bitcoin-versus-ripple-xrp/

Gateways deal with all the govt regulations and the issuing of IOUs into the ripple network. Once in the ripple network, all the trades, etc. are done via consensus of distributed rippled servers. The gateways are not directly involved in ripple network transactions other than redemptions.

Not sure of the number of non-RL servers, but my guess is around 100 total rippled servers are running.

James

jl777

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Activity: 1176

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Quote from: Anon136 on January 28, 2014, 06:23:27 PM

Quote from: NxtChg on January 28, 2014, 06:05:01 PM

Quote from: Anon136 on January 28, 2014, 06:02:12 PM

Ripple is centralized.

No it's not. Their network is decentralized. Sure they have pre-mine, but so do we.

Quote

Because Ripple’s exchange is distributed as opposed to centralized, the whole concept of co-location becomes fundamentally different. There is simply no central location near which you would co-locate for a speed advantage. Ripple exists on servers around the world, and anyone can easily spin up their own copy of a Ripple server for free. (The code is open source.)

https://ripple.com/blog/ripples-distributed-exchange-and-the-high-frequency-trading-arms-race/

Maybe there are many nodes but their solution to the byzantine generals problem is the same one that has been used for thousands of years, central authority. If the ripple foundation was ever compromised than ripple would not be able to continue without them. That is precisely the problem that bitcoin solved and ripple unsolved.

Ripples problem is that there are less than 50 active people in their community. The majority work at RL. NXT community at least 10 times bigger and the software releases just keep on coming out. New core releases, client releases, website releases, etc.

With ripple, everything goes through a centralized development process. I think they had one of the first colored coin implementations, but all the delays and now with AE coming out, emunie, etc. Ripple will have a difficult time keeping up.

That being said, Ripple is the only solution that is friendly with governments and like Coinbase it should escape the fiat governments war on bitcoin (crypto). I see ripple's place in the larger crypto universe as the fiat gateway for all the other crypto. That alone will ensure its survival, but it is a niche function. Important, but niche. Oh, they have another 48 billion XRP left to release and this will take literally years. Until then true value of XRP will be unknown.

It is kind of convenient to be able to pull out USD with whatever crypto I want to liquidate.

James

xyzzyx

sr. member

Activity: 490

Merit: 250

I don't really come from outer space.

Quote from: ?? on ??

Nice! We should collect the places that accept NXT as payment and list on the Wiki.

Good idea. I also grabbed the domains shopwithnxt.com/org/net and buywithnxt.com/org/net a month ago. So they're available for our use too.

bithic

newbie

Activity: 56

Merit: 0

Quote from: Anon136 on January 28, 2014, 06:23:27 PM

Quote from: NxtChg on January 28, 2014, 06:05:01 PM

Quote from: Anon136 on January 28, 2014, 06:02:12 PM

Ripple is centralized.

No it's not. Their network is decentralized. Sure they have pre-mine, but so do we.

Quote

Because Ripple’s exchange is distributed as opposed to centralized, the whole concept of co-location becomes fundamentally different. There is simply no central location near which you would co-locate for a speed advantage. Ripple exists on servers around the world, and anyone can easily spin up their own copy of a Ripple server for free. (The code is open source.)

https://ripple.com/blog/ripples-distributed-exchange-and-the-high-frequency-trading-arms-race/

Maybe there are many nodes but their solution to the byzantine generals problem is the same one that has been used for thousands of years, central authority. If the ripple foundation was ever compromised than ripple would not be able to continue without them. That is precisely the problem that bitcoin solved and ripple unsolved.

Please expand?

I'm not a Ripple expert, but I believe the keyword is "distributed". Big difference. If they could claim decentralized, they would. My understanding is that all transactions on the Ripple network depend on trust relationships between gateways, which act as the authority.

Here's an article I found helpful when trying to understand Ripple:
http://blog.coinsetter.com/2013/04/29/virtual-currency-trading-wars-bitcoin-versus-ripple-xrp/

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: NxtChg on January 28, 2014, 06:05:01 PM

Quote from: Anon136 on January 28, 2014, 06:02:12 PM

Ripple is centralized.

No it's not. Their network is decentralized. Sure they have pre-mine, but so do we.

Quote

Because Ripple’s exchange is distributed as opposed to centralized, the whole concept of co-location becomes fundamentally different. There is simply no central location near which you would co-locate for a speed advantage. Ripple exists on servers around the world, and anyone can easily spin up their own copy of a Ripple server for free. (The code is open source.)

https://ripple.com/blog/ripples-distributed-exchange-and-the-high-frequency-trading-arms-race/

Maybe there are many nodes but their solution to the byzantine generals problem is the same one that has been used for thousands of years, central authority. If the ripple foundation was ever compromised than ripple would not be able to continue without them. That is precisely the problem that bitcoin solved and ripple unsolved.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: NxtChg on January 28, 2014, 06:05:01 PM

Quote from: Anon136 on January 28, 2014, 06:02:12 PM

Ripple is centralized.

No it's not. Their network is decentralized. Sure they have pre-mine, but so do we.

Quote

Because Ripple’s exchange is distributed as opposed to centralized, the whole concept of co-location becomes fundamentally different. There is simply no central location near which you would co-locate for a speed advantage. Ripple exists on servers around the world, and anyone can easily spin up their own copy of a Ripple server for free. (The code is open source.)

https://ripple.com/blog/ripples-distributed-exchange-and-the-high-frequency-trading-arms-race/

That's why I think decentralized marketplace in addition to decentralized exchange could be what launches Nxt above BTC. If Nxt users are able to create a specific marketplace using an API, then send the link via AM for download, which would then be viewable in nexern client. Users could then view/contribute to marketplace via a torrent style setup. We would create a huge irreplaceable economy.

xyzzyx

sr. member

Activity: 490

Merit: 250

I don't really come from outer space.

Quote from: ?? on ??

Excellent news! Solar Communications is happy to announce that we now accept Nxt Cryptocurrency as a hassle-free form of payment. As a descendant of Bitcoin, this new virtual currency offers its users many advantages. As we strive to make things more user-friendly for our clients, we are now accepting this new browser-based program as an alternative payment method. This 100% decentralized e-currency makes payment fast and secure from any location worldwide.

https://solarcom.ch/en/press/view/76

Anyone else notice this? Don't know much about them, but great to see!

And there's this:

Quote

January 4, 2014 NextCoin (NXT) is now accepted
Incloudibly are glad to announce that we accept NextCoin (NXT) as a payment method now. Please feel free to place orders and pay with NextCoin for all products and services that are provided by our company. NextCoin payments are processed automatically.

https://incloudibly.com/en/news/75

Jan 4th? I missed this one when it happened.

bithic

newbie

Activity: 56

Merit: 0

Quote from: Anon136 on January 28, 2014, 05:15:58 PM

Ya know what i was thinking today? of course you don't thats why I'm about to tell you.

I've been hearing a lot of criticism of bitcoin lately from the potential for altcoins to erode the trust in the concept of digital scarcity. Most notably the interview with adam back on lets talk bitcoin. By building decentralized exchange into the bottom protocol layer I think nxt can potentially restore this trust. Think about it, no other copy of nxt will ever have markets with as much market depth as nxt. Meaning their copy nxt will never has as much utility. Thus a copy of nxt is not "just as good as nxt". Since no copy of nxt will ever be "just as good as nxt" nxt can be thought of as scarce in a way that bitcoin can not.

I think this could be added to our list of "core arguments" in favor of nxt.

I don't quite understand the strength of this argument. Can you flesh it out? Couldn't some other crypto also implement a decentralized exchange into its protocol and compete to gain market depth based on that + some extra advantage that they claim to have? Also, isn't the argument in favor of Bitcoin already that, due to its network effect, no other coin can compete with it in market depth? If Nxt can compete with Bitcoin's market depth, what's to stop another coin from competing with Nxt's?

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: Anon136 on January 28, 2014, 06:02:12 PM

Ripple is centralized.

No it's not. Their network is decentralized. Sure they have pre-mine, but so do we.

Quote

Because Ripple’s exchange is distributed as opposed to centralized, the whole concept of co-location becomes fundamentally different. There is simply no central location near which you would co-locate for a speed advantage. Ripple exists on servers around the world, and anyone can easily spin up their own copy of a Ripple server for free. (The code is open source.)

https://ripple.com/blog/ripples-distributed-exchange-and-the-high-frequency-trading-arms-race/

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: Anon136 on January 28, 2014, 05:51:22 PM

Quote from: ChuckOne on January 28, 2014, 05:43:46 PM

Quote from: msin on January 28, 2014, 05:42:26 PM

Yeah, I like he idea, but the more we build on top layer, the less can be copied. Take Nxt marketplace for example. If users were able to access a specific decentralized Nxt Marketplace (like a torrent) and be able to view and contribute to the market within their client, we would add immense unique value to Nxt, because that couldn't be copied or accessed outside of the Nxt network.

I think the importance here lies on "cannot be accessed". That's usually a bad thing, don't you think so?

Perhaps. But usually "can not be freely copied" is also a bad thing. Not so with crypto.

I see your point.

Unfortunately, I will still advocate for diversity, which in the end you cannot prevent from being happening. Diversity will lead to new ideas and new usages.

All we need is a protocol for e.g. trading assets or the like between different ecosystems. As you can trade $ and € at the same time although they belong the different economic systems, which have unique features.

Anon136

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Quote from: NxtChg on January 28, 2014, 06:01:34 PM

Quote from: superresistant on January 28, 2014, 05:50:38 PM

Indeed, a Nxt decentralized exchange would make Nxt the King of all crypto-currencies. All copy-coins would give up instantly.

Doesn't Ripple already have one?

Ripple is centralized. its really just a crypto bank.

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: superresistant on January 28, 2014, 05:50:38 PM

Indeed, a Nxt decentralized exchange would make Nxt the King of all crypto-currencies. All copy-coins would give up instantly.

Doesn't Ripple already have one?

BitcoinForumator

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Quote from: superresistant on January 28, 2014, 05:50:38 PM

Quote from: swartzfeger on January 28, 2014, 05:43:49 PM

Quote from: Anon136 on January 28, 2014, 05:15:58 PM

Ya know what i was thinking today? of course you don't thats why I'm about to tell you.
I've been hearing a lot of criticism of bitcoin lately from the potential for altcoins to erode the trust in the concept of digital scarcity. Most notably the interview with adam back on lets talk bitcoin. By building decentralized exchange into the bottom protocol layer I think nxt can potentially restore this trust. Think about it, no other copy of nxt will ever have markets with as much market depth as nxt. Meaning their copy nxt will never has as much utility. Thus a copy of nxt is not "just as good as nxt". Since no copy of nxt will ever be "just as good as nxt" nxt can be thought of as scarce in a way that bitcoin can not.
I think this could be added to our list of "core arguments" in favor of nxt.

It's a salient point, and a core principle that virtually every scrypt coin is missing... they're becoming balkanized into these separate tribes as though they're pledging allegiance to their favorite football team.
I feel like a kid holding his bladder, *waiting* for Nexern's client release. This forum is gonna be turned on it's head.

Indeed, a Nxt decentralized exchange would make Nxt the King of all crypto-currencies. All copy-coins would give up instantly.

Where are we rolling this out?

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: ChuckOne on January 28, 2014, 05:43:46 PM

Quote from: msin on January 28, 2014, 05:42:26 PM

Quote from: Anon136 on January 28, 2014, 05:15:58 PM

Ya know what i was thinking today? of course you don't thats why I'm about to tell you.

I've been hearing a lot of criticism of bitcoin lately from the potential for altcoins to erode the trust in the concept of digital scarcity. Most notably the interview with adam back on lets talk bitcoin. By building decentralized exchange into the bottom protocol layer I think nxt can potentially restore this trust. Think about it, no other copy of nxt will ever have markets with as much market depth as nxt. Meaning their copy nxt will never has as much utility. Thus a copy of nxt is not "just as good as nxt". Since no copy of nxt will ever be "just as good as nxt" nxt can be thought of as scarce in a way that bitcoin can not.

I think this could be added to our list of "core arguments" in favor of nxt.

Yeah, I like he idea, but the more we build on top layer, the less can be copied. Take Nxt marketplace for example. If users were able to access a specific decentralized Nxt Marketplace (like a torrent) and be able to view and contribute to the market within their client, we would add immense unique value to Nxt, because that couldn't be copied or accessed outside of the Nxt network.

I think the importance here lies on "cannot be accessed". That's usually a bad thing, don't you think so?

Perhaps. But usually "can not be freely copied" is also a bad thing. Not so with crypto.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1284. (Read 2761629 times)