Topic: NXT :: descendant of Bitcoin - Updated Information - page 1691. (Read 2761645 times)

You do not need to invest in bitcoin in order to make advantage of it. As an example, if i buy some bitcoin to send to my family "back home" and then they sell the bitcoin to buy food, we have all used bitcoin but none of us have "invested" in it per say.

What about bitcoin? Who expects Jo Public to understand crypto currencies at all?  Do you need to know how a car works to drive in one? What about when you get sick and go to hospital - will you only take medicine you have researched and 'understand the workings of'?

We trust 'expert opinion' and jump into the unknown. That is human nature.

In the real world we are all using instinct and intuition to make decisions. Understanding of something completely is very rare - even machines.

My instinct says eMunie is going to be very big because I have tested it many times and watched Fuserleer interacting with his team of beta testers in their shoutbox. They have a real community now - they know names and skype etc - they are friends. That is something NXT does not have. Who cares about BCNext or CFB as people? Who knows them? Dan Hughes has many friends who will help him, because they know him. It is beyond self-interest for them now. It is their collective mission to finish and promote emunie.

There is good stuff going on here, but eMunie is a bigger threat than many of you know. I hope both can coexist.

response:
- our homepage, facebook and twitter is lead by a lady
+ do you like our first girly site? : www.nxtgirl.ru

No it doesnt work like that. If you divide your stake in half than each half will only be half as likely to hit as the previous whole. Meaning that dividing it up into parts wouldn't make you any more or less likely to hit.

I lost track of the stuff I wanted to quote, so here's a dump of my thoughts without context. (sorry ^^;)


I think the public perception of the ***coin brand has both grown and changed recently, with things like Doge ( ) and Coinye West () in addition to established cryptos like Bitcoin. I'd like folks to understand that we're something very different, unlike anything that's come before. So to me, Nxtcoin is bad, Nxt is good. And Nxt, not Next, confusion isn't a problem for Doge (no one's talking about Dogcoin), I don't see why it will be for Nxt.

We need to better organize our discussions. Instead of continuing side conversations in this megathread, a good way is to start threads in the other forums like forum.nxtcrypto.org, then link to them here. Hopefully we can eventually develop better communication tools than traditional linear forum threads. The nxtcrypto guys have been doing nice things with their forum interface, kudos to them. (Not saying they are the official place to talk about Nxt, just saying I like their forum best.)

We need to point new folks to places that are friendly for them. I'll be working on making Nxt wiki articles easier to read and understand.

We also need to be bold and start and run more discussions and polls. Being decentralized means we shouldn't wait for other people to organize things for us. It also means that consensus will be difficult to reach quickly, we shouldn't try to rush discussions.

IMO, the screenshots of the eMunie client on their website are cool not because of the client, but because of Carrie Fisher in the desktop background.  
(Not bashing eMunie, just praising Leia.)

We need more ladies interested in Nxt!  


EDIT: Kickstarter refunds all contributions if the target isn't met, which is different from selling shares. Would be great if service providers can explore different models of crowdfunding.

Just got all my nodes updated to 0.5.5

I got one question for CfB or anyone who knows.

Is it possible to attack the system sending a lot of transactions yourself to another accounts you own, so it is easier for you to HIT the next block and so on?

I guess not, but I want explained and detailed answer to understand.

Thanks!

I will conduct several online chess tournaments on the Free Internet Chess Server, the oldest chessserver on the internet (nearly 20 years old). I will give prizes in NXT for the first place from my own purse.
you can check my account and see, that my NXT is not unlimited (on the contrary). Anyone you wants to contribute is welcome.

I will announce the dates for the tournaments. It's part of our promotion campaign.
Chessplayers are similar to poker players open to new ideas like cryptocurrency.
I also will advertise these tournaments (around 5) on other sites.

If you wanna take part register at http://www.freechess.org/ and maybe download a client like "thief" or "babaschess".
my handle there is "Rivaldo".

Wuoldn't Google Cloud version of the client solve this?

So it is almost like kickstarter...
http://www.usnews.com/news/articles/2013/10/25/crowdfunding-better-for-selling-products-than-stock
http://www.bloomberg.com/news/2013-10-23/sec-to-vote-on-crowdfunding-plan-as-white-advances-jobs-act-1-.html
http://www.usatoday.com/story/money/business/2013/10/23/crowdfunding-ipo-sec-jobs-act/3169395/

potentially we could write in a feature for the client to periodically check an alias directed to a webpage.  This would enable a method to broadcast messages to people to move off the old client or they will go off on a fork.  Heh.  It could even write some data that causes to crash the client at block 44000/whatever.

I suggest have the feature ready two or more versions before the upgrade announcement in the future. That's, we can enable AM in version 0.5.3, 0.5.4 and we announce it in 0.5.5. So I think most people have already updated to 0.5.3, so the fork probability will decrease a lot.

I remembered that a Phd or teacher in Israel is studying on PoS and also had a good independent result on the 25% attack after Cornel's publication, and Meni Rosenfeld recommended that guy very much. BTW, I don't know how Meni Rosenfeld think about Nxt.

it's hard to explain and I have a bad time explaining things in general...I do mostly understand eMunie and how it works (just how the eMunie system keeps the price per eMU stable and how it prevents things like pump-and-dumps is where I fall apart on).  I've also been able to test out the client for the last week, off-and-on, since I don't go on my computer much. Didn't invest anything and I would suggest people who are worried just wait till the client actually releases since there shouldn't be any price different per EMU between now and then and one can just set up a hatcher to generate eMU anyways .


The way I seen the client work simply is

0 eMU (initially) -> "sets up hatcher" -> generate "Earnings" of # EMU after an hour or so -> "Interest" and "Fees" then start forming depending on the demand of eMunie and amount one holds.

http://forum.emunie.com/index.php?/topic/115-newbies-read-me-first/ is pretty much everything one needs to know with regards to eMunie.

people who invest in something that they dont understand the workings of are crazy! you may get lucky once or twice but eventually you will get taken really hard by a snake oil salesman. with that being said i genuinely hope that you get lucky.

Well I really have a bad understanding of the way it actually works...

eMunie is ran in Java (like Nxt I believe ), beta testers download a zip named something like "emunie.9.72014.zip" which contains just a 1 single file (emunie.9.72014.jar). Once you click it then unpacks to form a "peer" folder and some other various files. You can then create a "hatcher" by creating a shortcut of the emunie.jar file and adding "-hatcher" to the end of "Target" in Properties(via Windows).

Double-clicking the link leads you to the client which looks like

(old client with some of the old transactions).

Leaving the client open you (with help of the hatcher and one's current holdings) will allow you to generate EMU's. This will gain interest on it the longer you hold it and depending on the demand of EMU(the system behind EMU will increase total supply of EMU if demand grows and stops creating new EMU if the demand stops). I'll try find a link that explains more about the system of eMunie and how it works...I really am bad (was corrected in the forum because of my last post in the other FUD thread.)

hopefully I am allowed to say all this outside of the beta forum...haven't been in a beta before other than some old PC games where I played it more than talked about it   ...

because Dan closed the open-pre-sale the price will end up being the Unit Value: $0.10 -> 1eMu no different than anybody else paid. The open pre-sale was designed to set up a price for the initial actual release according to Dan, so without this the price will likely be the same as the pre-sale price.

Here's a video that someone posted on the emunie forums (of the new Beta Window's Installer that was just released) didn't try the installer myself yet

http://www.youtube.com/watch?v=JOsvGz5X5OI

我认为：Nxt 这个名字是最好的。
而且：没有所谓的官方论坛，而且目前的论坛主要是：https://forums.nxtcrypto.org/

@wakasaki80 How does it works in general ?

I have the eMunie beta client running right now. Been in Nxt since the price was still real cheap (.000001 btc/nxt) The download page that is linked by the people trying to FUD eMunie is just 1 of the 2 ways to download the client (for beta testers). Don't care if people think I'm a real person or not like some people have been claiming with others. I've never actually seen the download page before somebody posted it and I don't believe the way I download it (there is a link right above the troll-box on the forum) is included in that amount since we get our link from DropBox and not the forum.



link at the top of the trollbox leads to



and not



can't really back up the rest of Dan's history. But as a beta tester I just put my account in the beta tester thread and left the website. Didn't need to invest anything other than my time to post in the thread . At the very least, the client does work and one can generate eMunie from 0 eMunie (doesn't rely on POS other than interest which is very small amount .00050 EMU) in each of the new beta clients(which the wallet is wiped clean for each update).

@EvilDave: you pointed out the flaw in your VS yourself. A 10 million account can easily create 1000 accounts in an automated way.
he even can do so using mixing services (of any cryptocurrency). in an anonymous system there is no other option than 1NXT 1vote.
But I am still quite curious how this VS is implemented. I don't think it's trivial.
Is there allready some deeper explanation on it?