Topic: NXT :: descendant of Bitcoin - Updated Information - page 1851. (Read 2761626 times)

Just got this message:

Jean-Luc, thank You for response. What do I need to change in web.xml, in order to have some log file, which will keep information of what is going with console process and saved on disk? I saw somewhere in this thread, but it was long time ago. Or it will be enough to you to have the snapshot of the running console window information inside?

Close, but 1/34000 = 0.000029411764706, not .026
2.2 /34000 = 0.000064705882353 and 2.7/34000 = 0.000079411764706

James

Use NXTblockchain.com - it redirects to the Blockchain Explorer.

so once again

What do we know about drexme:

Providing escort with linking on the account with 100 Nxt:
https://nextcoin.org/index.php/topic,1437.msg12148.html#msg12148

Created a giveaway, collected 35k Nxt, deleted Giveaway topic. This is Drexme's giveaway account:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=7161646874450697154

14 days ago it was cashed out to the Dgex...

(also 18.12. were some 25K sold probably via msin's escort, but these money could be originally Drexme's)



Drexme's account also cashed 14 days ago:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=8333778433828768082

1. cashed Nxt from personal account:
21.12.2013 03:44:59      6635869272840226493   100,000

2. transfered remaining Nxt from personal to bounty:
21.12.2013 20:30:11      8333778433828768082   2,301

3. all sold to dgex:
21.12.2013 20:32:46      6635869272840226493   33,900

Wow, BTC really spiked, its now $900+ on btc-e, this explains why the XRP price for BTC is now at 34500. Ripple has an ios app that shows the latest prices, its free on Apple store. You can also get fairly recent price from ripplecharts.com, select BTC from bitstamp, its the most active BTC issue.

Each XRP is worth the reciprocal of the BTC/XRP price. Usually going through BTC will add a lot of volatility to non-BTC to non-BTC pair. This is one advantage of trading NXT/XRP as the value of XRP usually tends to trade in a way similar to anything not BTC, but always exceptions especially in thin markets.

I didn't have time to explain all the intricacies of ripple and XRP issues during the src release when dgex was first down for hours and then comes back with horrible fees. I hope I did my part in convicing dgex owner to lower fees, if he really does lower them significantly.

On a dilution basis, one NXT should be worth 100XRP, since there are 100 billion XRP and 1 billion NXT. The fact that it is currently around 2.50, means there is a potential 40x gain to be made in NXT/XRP as the world finds out about NXT. The reason I have been pushing people to use Ripple, is that currently ripple is also still in beta release and the total daily volume of all ripple is LESS than NXT volumes.

What that means is that even if 10% of NXT trading moves to NXT, then it will instantly become one of the top issues in the ripple network. Since all of this trading is by NXT'ers, we will set the market price of NXT within ripple. Once the rest of ripple notices, and they certainly will notice the largest trading issue, that will be 50,000+ new people who will consider NXT. 50,000 people who have ripple accounts, people who tried out a proof of stake system with a bad reputation. 50,000 potential people that I can market to.

However, with the sparse market in NXT/XRP, it will be hard to get a lot of interest in it for other ripplers. In ripple-land, people are skeptical of NXT and I am doing what I can to correct their misconceptions.

So, please peoples, put aside your anti-ripple bias and move 10% of your trading to ripple via peercover. My offer to send anybody 30XRP to get started is still open. Just return it or NXT equivalent when you are setup.

Getting an alternate market to dgex that has high enough volumes and small enough spreads is a STRATEGIC issue. As such, I will keep harping on it. Do we really want to be in a position to be held hostage by dgex again.

For those who are waiting for asset exchange to make external exchange irrelevant, I think you will discover that I am right when I say, we still need exchanges after asset exchange is launched. It will take a while for the market to latch onto a trusted issuer and fragmentation of markets will also be an issue. Also, how are people who don't already have NXT supposed to get NXT in the first place? STRATEGIC value in high volume non-dgex exchange. Do we really want the only dgex alternative to be nxtchg.com? No offense to nxtchg.com owner, but my impression is that he is one guy hosted on VPS. Is it Ddos resistant like ripple servers distributed ledger? Last I heard nxtchg policy on any large lost NXT is to be eaten by the customer. I personally cannot recommend nxtchg (or dgex) to my potential clients who will be looking to purchase millions of NXT

If there was an active market for NXT on ripple, then I would be able to use that as a mechanism to sell large blocks of NXT to investors. peercover already has a working solution for this. All that I need is for there to be a bit more volumes and better spreads. 2.21 by 2.7 XRP is current spread, which is too big. Please help, all you have to do is trade 10% of your NXT using ripple. This will create enough of a buzz within ripple so that an audience of 50,000 can be marketed to. If 1% become active NXT'ers that will be 500 NXT traders on ripple. All new blood. Is this not a good thing for NXT?

James

We didn't organize it well for this release, but from now on new releases should always appear on http://info.nxtcrypto.org in addition to my announcement here. And you should be able to use the built-in update checker, http://localhost:7874/update.html to check for new versions, and download and verify the zip package.

Really, I thought he handed the donation fund to Opticalc.  I know because he sent my 25k back to me.  Also, Drexme was extremely helpful with getting the client up and running for me and others, he seemed like a pretty honest person.

Can I donate to this site owner so he can buy a domain name?

If the recent blocks became negative, it is a bug then. We haven't seen this bug recently and I thought it's gone, but apparently not. Next time this happens please report any errors from the console.
If reloading the page and restarting the browser isn't enough, then you also have to restart the java process indeed.

Just wanted to let you know I appreciate your efforts.


I can't speak for others, but I'd not bothered with Ripple before you mentioned it in connection to the Peercover gateway.

Figuring out how to use Ripple going from zero info, other than your postings, was interesting.

I set up a Ripple account and funded it with a small test amount by buying XRP from Justcoins.com.  The 1st hurdle was figuring out why my account wasn't being credited the 1k XRP I sent... turns out, I think, it was just a random problem in the Ripple network and I was able to fund the account on a second test try of 300 XRP about half a day later.  My first transfer was just a bad dice throw, so to speak.  Eventually, the failed 1k XRP transfer was re-credited to my Justcoins account, and I was able to send it to my Ripple wallet ok on the second try.

Once that was done, figuring out how to use the Ripple wallet for trading -- assigning trust and such -- took a little reading of FAQs.  While reading the FAQs, to gain a better understanding, I would often refer back to your postings here about Ripple.  I'm still not sure I have a good grasp of how trust is supposed to work.

Or, to put it another way, I'm still not sure I'm fully understanding how to do trades via Ripple.  Sure, I was able to execute a small test trade of 278 XRP for 100 NXT and then deposit that 100 NXT from Peercover via Ripple to my account.  

However the other test trades I made on Ripple didn't seem to do anything.  That may have been because my sell prices were too high and my buy prices too low, or I may be misunderstanding something else about how trades and trust are supposed to work... not sure.  I still have experimenting to do.

My slow move to Peercover's gateway is because I don't understand how to use Ripple well enough yet.  Maybe others are having the same sort of learning curve as well.


I agree with you here, also.  I've been looking at the code, specifically how transactions are handled, but I'm still just coming up to speed on it.  I'm not a Java programmer.  I trust others who are more competent than I am are looking too.

is here Mr Blockchain Explorer? I want a button for the next page http://87.230.14.1/nxt/nxt.cgi?action=34

Well its good to have marshal rickyjames out there regulating the outlaws!

What the heck, I don't have enough time to do all the other stuff I gotta do, so sure, I'll take him on later next week.  One crusade at a time.  

GCInc., many thanks for your response.

Jan 5th is not over

Various types of Denial of service.

Thanks ricky for the work you have done. I am unfortunately no detective even though I love to read Sherlock Homes and Hercule Poirot

Running 0.5.0 on my own VPS and stuck on:

   
33114      14241151062656421686      1/5/2014 7:29:19 AM   
0      0 + 0      0 B   
2      6145387452447511715      1934 %

for 7 hrs.  tried rebooting but still stuck

EDIT:  a few minutes after reboot caught up to:

   
33451      15985892217534139770      1/5/2014 4:42:19 PM   
0      0 + 0      0 B   
2      2390538114960244388      1046 %

I can't confirm that I wouldn't use an account with any significant amount of NXT in this app just yet, I only tested to see what this app can do.

Ha ha ha.  Do not confuse my being friendly to a known criminal during an interrogation with me being his friend.  He deserves respect as a human being but he is guilty as sin and I know that for a fact.  The only question is, just how guilty is he?

I know I am a little off balance at the moment and that's why I've pulled back for a day and brought everybody here up to speed so I can listen to your ideas.  All my efforts so far have been tracking this guy down in the real world to get some leverage over him, and I have accomplished that goal.  Now that  he sees me as a real threat to whether or not he spends next week in his own bed or a police holding cell, he's not going anywhere.  He's reading this right now.  So I can now take the time to go back and do the necessary homework you describe.  I know the importance of a detailed and complete timeline and your data is exactly what I am going to piece together next, so thanks for your contribution.  I will announce my findings in later posts and also update my "interim report" as a central holding point for the accumulating pieces of the puzzle such as the ones you give.

Trust me, there's gonna be a Final Report.

And nope, I ain't got your experience a-catchin' hackers.  I'm just a poor ole country boy (and MIT grad) doin' the gosh-darn best I can.