NXT :: descendant of Bitcoin - Updated Information - page 1797.

notsoshifty

sr. member

Activity: 378

Merit: 250

Quote from: pinarello on January 07, 2014, 10:18:12 AM

these r the three questions for BCNext:

What are the most inportant 5 things the community should do, in order to properly support nxt in the next 6 months?     40 (20.6%)

why was the initial funding cancelled suddenly with few people?     22 (11.3%)

How would you solve problem with scam accusations according to "unfair" distribution Nxt to 73 big stakeholders?     20 (10.3%)

Pin

I didn't follow this closely enough at the time. The second and third questions are almost the same so it's a shame they're both there (although I do believe it's a key question for him).

I would have added something like:

- Knowing what you know now, how would you have developed NXT differently?
- What are the top 5 risks that NXT faces in the coming months?
- Do you think the lack of a LOLCODE implementation of NXT is the primary reason for it not yet reaching parity with BTC?

Ah well, too late.

nxtgt

newbie

Activity: 42

Merit: 0

Quote

The issues all come down to Dgex, which is the only exchange for Nxt and the only source for coinmarketcap stats. The site is often unavailable (ddos attacks) and subject to manipulation, furthermore, they've implemented outrageous fees causing many to shy away from trading.

Which is why we should move some trading over to Peercover. Not all trading, but some of it, just to test the waters. There aren't any fees and you don't even have to deal with XRP save for the reserve which comes down to less than a dollar's worth. Don't know why people are still hesitant to move over there.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: zarx on January 07, 2014, 10:30:54 AM

I don't hold any NXT, but I've been following NXT for the past two weeks or so and noticed something I don't really get.

How come there are such large jumps in trading volume for NXT? Last week, there has been a period of it being at around $400,000-ish every day. This morning I'm pretty sure it was in the $30,000 range and now it's at $150,000. For comparison, when NXT was at $400,000, NMC and PPC, the two biggest "secondary" alts, were at $800,000-$900,000 trading volume and the market was quite calm in general due to crash recovery, holidays, etc. Right now, the market is booming and both those have trading volumes well over $3,000,000, with NXT, as mentioned, being way lower than before. Didn't watch other alts too closely, but I guess it's reflected there as well to an extent - at the very least I think it's the case for those coins traded on BTC-e.

I don't have any proof and can't find any historical comprehensive source on altcoin performances right now, so my memory might trick me on this one. Still, though, how is that possible? That, including the whole distribution mode of NXT, kinda scares me to buy in.

My source for data is coinmarketcap.com, by the way.

The issues all come down to Dgex, which is the only exchange for Nxt and the only source for coinmarketcap stats. The site is often unavailable (ddos attacks) and subject to manipulation, furthermore, they've implemented outrageous fees causing many to shy away from trading.

laowai80

member

Activity: 98

Merit: 10

Quote from: martismartis on January 07, 2014, 10:30:48 AM

client 0.5.1. Something new "re-scanning blockchain..."

I got that message too, however all blocks look good.

zarx

newbie

Activity: 6

Merit: 0

I don't hold any NXT, but I've been following NXT for the past two weeks or so and noticed something I don't really get.

How come there are such large jumps in trading volume for NXT? Last week, there has been a period of it being at around $400,000-ish every day. This morning I'm pretty sure it was in the $30,000 range and now it's at $150,000. For comparison, when NXT was at $400,000, NMC and PPC, the two biggest "secondary" alts, were at $800,000-$900,000 trading volume and the market was quite calm in general due to crash recovery, holidays, etc. Right now, the market is booming and both those have trading volumes well over $3,000,000, with NXT, as mentioned, being way lower than before. Didn't watch other alts too closely, but I guess it's reflected there as well to an extent - at the very least I think it's the case for those coins traded on BTC-e.

I don't have any proof and can't find any historical comprehensive source on altcoin performances right now, so my memory might trick me on this one. Still, though, how is that possible? That, including the whole distribution mode of NXT, kinda scares me to buy in.

My source for data is coinmarketcap.com, by the way.

martismartis

legendary

Activity: 1162

Merit: 1005

Data from command prompt:
0:0:1;"
[2014-01-07 16:29:53.947] "allowedBotHosts" = "127.0.0.1; localhost; 0:0:0:0:0:0
:0:1;"
[2014-01-07 16:29:53.948] "blacklistingPeriod" = "300000"
[2014-01-07 16:29:53.948] "communicationLoggingMask" = "0"
[2014-01-07 16:29:53.948] Loading transactions...
[2014-01-07 16:29:56.230] ...Done
[2014-01-07 16:29:56.231] Loading blocks...
[2014-01-07 16:29:58.273] ...Done
[2014-01-07 16:29:58.274] Scanning blockchain...
[2014-01-07 16:29:59.696] ...Done
2014-01-07 16:29:59.734:INFO:oejsh.ContextHandler:main: Started o.e.j.w.WebAppCo
ntext@3ba08dab{/,file:/D:/nxt/webapps/root/,AVAILABLE}{D:\nxt\webapps\root}
2014-01-07 16:29:59.754:INFO:oejs.ServerConnector:main: Started ServerConnector@
4bf7a31f{HTTP/1.1}{0.0.0.0:7874}
2014-01-07 16:29:59.928:INFO:oejs.ServerConnector:main: Started ServerConnector@
7816568e{SSL-http/1.1}{0.0.0.0:7875}
[2014-01-07 16:57:00.858] Re-scanning blockchain...

client 0.5.1. Something new "re-scanning blockchain..."
Unconfirmed transactions [20989]
Recent blocks [-4577]
You can generate the next block in - working

Do I need to restart everything? A little bit confusing, to sit all day, check the process and restarting...

Can somebody explain in human words what is going on with client?

msin

legendary

Activity: 1470

Merit: 1004

Quote from: BitcoinForumator on January 07, 2014, 10:15:49 AM

I know these tiny issues like Substrata has have been and are easily resolved every time...but come on, this needs to work flawlessly and with no hassle for mainstream. 1-click and install and the forget about it. You can't expect people to keep deleting, refreshing things.

Totally agree, this will be solved when nexern releases his client (in about 3 weeks).

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: utopianfuture on January 07, 2014, 10:20:55 AM

Pin, shanks for compiling this. It would be nice to know BCNext's opinions on these issues.

Shawn Connery, is that you?

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

Quote from: ?? on ??

Hey guys,

I cancelled a NXT deposit on DGEX. How long does it take for NXT to reappear in my wallet? And is this consider as withdrawal or not?
Thanks

You should ask this on Nextcoin.org

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: pinarello on January 07, 2014, 10:18:12 AM

these r the three questions for BCNext:

What are the most inportant 5 things the community should do, in order to properly support nxt in the next 6 months?    40 (20.6%)

why was the initial funding cancelled suddenly with few people?    22 (11.3%)

How would you solve problem with scam accusations according to "unfair" distribution Nxt to 73 big stakeholders?    20 (10.3%)

Pin

Pin, shanks for compiling this. It would be nice to know BCNext's opinions on these issues.

subSTRATA

legendary

Activity: 1288

Merit: 1043

:^)

Quote from: utopianfuture on January 07, 2014, 10:16:19 AM

Quote from: subSTRATA on January 07, 2014, 10:02:46 AM

Quote from: superresistant on January 07, 2014, 09:52:57 AM

Quote from: subSTRATA on January 07, 2014, 09:50:19 AM

But then it went crazy again, what is happening?

Dude, wait for the nxt file to sync before opening the client.

Dude, STFU because you are not helping. I'm with NXT from the day 1 so I know what is normal and abnormal operation. I've just
redownloaded complete blockchain 2nd time in few hours, everything looked correct for a while but then NXT just went crazy with
orphans (check the orphan value on screenshoot) and corrupted my .nxt files beyond repair.

Do you update to the client 0.5.1 yet ? it is supposed a bug fix release. I am running it fine now.

Yes I have upgraded but issue remains.

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

these r the three questions for BCNext:

What are the most inportant 5 things the community should do, in order to properly support nxt in the next 6 months?     40 (20.6%)

why was the initial funding cancelled suddenly with few people?     22 (11.3%)

How would you solve problem with scam accusations according to "unfair" distribution Nxt to 73 big stakeholders?     20 (10.3%)

Pin

landomata

legendary

Activity: 2184

Merit: 1000

Quote from: marcus03 on January 07, 2014, 10:10:04 AM

Quote from: ?? on ??

Quote from: salsacz on January 07, 2014, 09:01:05 AM

Maybe we could create an asset organisation in some exotic liberal country? Would you pay me for living in Seychelles or in Panama? Cheesy

If one were truly committed to creating a NXT/Fiat gateway... the best way to go would be through a Belize International Business Company (IBC) that is owned by a Belize Trust.

Here is how you do it:

a. You create the Belize Trust (Trustees, Beneficiaries, etc.)
b. The Trust incorporates the IBC; thus the Trust is the owner of the IBC and not the beneficiaries of the Trust.
c. IBC creates a business presence online (website, NXT Asset Exchange gateway, etc.)
d. All bank, merchant, exchange, etc. accounts are opened by the IBC.
e. Belize bank account is in $.
f. The physical address associated with all accounts is the corporate address of the IBC.
g) There is NO TAX for income earned from IBCs outside Belize.

You are looking at $1500-2000 to set this up and around $1000 yearly expenses to renew the Belize contracts.

And YES... it is all COMPLETELY LEGAL!!! Wink

Which brings us back to the question of trust... Wink

Normally banks offer a online transfer confirmation system similar to a multisig I think...so you could authorize 5 people to confirm each transfer (by ticket device which some banks normally give out) or It can;t go thru....this would slow things down but it would increase trust.

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: subSTRATA on January 07, 2014, 10:02:46 AM

Quote from: superresistant on January 07, 2014, 09:52:57 AM

Quote from: subSTRATA on January 07, 2014, 09:50:19 AM

But then it went crazy again, what is happening?

Dude, wait for the nxt file to sync before opening the client.

Dude, STFU because you are not helping. I'm with NXT from the day 1 so I know what is normal and abnormal operation. I've just
redownloaded complete blockchain 2nd time in few hours, everything looked correct for a while but then NXT just went crazy with
orphans (check the orphan value on screenshoot) and corrupted my .nxt files beyond repair.

Do you update to the client 0.5.1 yet ? it is supposed a bug fix release. I am running it fine now.

davethetrousers

full member

Activity: 196

Merit: 100

Quote from: puck2 on January 07, 2014, 09:02:05 AM

Look familiar?

Yip, standard behavior. Peak, bulltrap, deflating, slower uptrend again.

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

I know these tiny issues like Substrata has have been and are easily resolved every time...but come on, this needs to work flawlessly and with no hassle for mainstream. 1-click and install and the forget about it. You can't expect people to keep deleting, refreshing things.

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

subSTRATA

add an empty file called blockchain.nrs in your NXT folder

Pin

marcus03

full member

Activity: 224

Merit: 100

Quote from: ?? on ??

Quote from: salsacz on January 07, 2014, 09:01:05 AM

Maybe we could create an asset organisation in some exotic liberal country? Would you pay me for living in Seychelles or in Panama? Cheesy

If one were truly committed to creating a NXT/Fiat gateway... the best way to go would be through a Belize International Business Company (IBC) that is owned by a Belize Trust.

Here is how you do it:

a. You create the Belize Trust (Trustees, Beneficiaries, etc.)
b. The Trust incorporates the IBC; thus the Trust is the owner of the IBC and not the beneficiaries of the Trust.
c. IBC creates a business presence online (website, NXT Asset Exchange gateway, etc.)
d. All bank, merchant, exchange, etc. accounts are opened by the IBC.
e. Belize bank account is in $.
f. The physical address associated with all accounts is the corporate address of the IBC.
g) There is NO TAX for income earned from IBCs outside Belize.

You are looking at $1500-2000 to set this up and around $1000 yearly expenses to renew the Belize contracts.

And YES... it is all COMPLETELY LEGAL!!! Wink

Which brings us back to the question of trust... Wink

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: mcjavar on January 07, 2014, 07:22:12 AM

Well, what about the other (scam) clones popping up? There is that Neon one which looks promising...

lol @ neon. The only thing they got is a logo mockup which every amateur designer could do in a few minutes (there are hundreds of photoshop templates out there to make some nice pseudo 'branding')

subSTRATA

legendary

Activity: 1288

Merit: 1043

:^)

Quote from: Passion_ltc on January 07, 2014, 10:01:08 AM

Quote from: subSTRATA on January 07, 2014, 09:58:23 AM

Quote from: subSTRATA on January 07, 2014, 09:50:19 AM

Quote from: subSTRATA on January 07, 2014, 09:30:37 AM

Quote from: BitAddict on January 07, 2014, 09:02:31 AM

Quote from: martismartis on January 07, 2014, 08:48:32 AM

Today I needed to restart client and java process 4 times. F5 doesn't help. client is 0.5.0. In command prompt windows sometimes are errors, sometimes not. After last crash and after F5, client gives "java.lang.NullPointerException" error after entering password. Something weird. Checked task manager, java uses 500 MB of memory after last time client crashed. No errors in command prompt window.

Happened the same to me. 3 times in a row today.

I had even worse issue, namely first my Firefox started freezing because orphans.html or something like that (script) was taking
too long to execute. I let it continue few times but than all coins on my account vanished. No incoming or outgoing transactions
at all! OK, restart everything, no change. Restart computer, no change. So I installed 0.5.1 and deleted everything in NXT folder,
so far everything works correctly.

Windows 0.5.1 client:

https://nextcoin.org/index.php/topic,2041.0.html

"Before upgrading your client, please backup the files blocks.nxt and transactions.nxt!!" IGNORE, I had to delete those files else
there was no change, e.g. I was missing all my coins!

But then it went crazy again, what is happening?

Well, RETARDS, I'm gonna quote my and others issues until you finaly STFU about irrelevant shits and move your very unimportant
debate elsewhere. For weeks now I was tolerant way beyond my usual levels but now you have pushed me into red zone. Fuck off!

Delete the *.nxt files and start it again.

I've done that 2 times in last few hours but OK, I'll do it third time just to make sure it is up to NXT and not my imagination, LOL!

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1797. (Read 2761645 times)