NXT :: descendant of Bitcoin - Updated Information - page 1980.

artila

newbie

Activity: 52

Merit: 0

Quote from: wakasaki808 on December 31, 2013, 02:34:32 PM

Quote from: Damelon on December 31, 2013, 02:32:35 PM

Quote from: xibeijan on December 31, 2013, 02:30:39 PM

Quote from: artila on December 31, 2013, 02:16:30 PM

New Exchange looks good

made a deposit and sold some nxt:

http://i39.tinypic.com/34xknyo.jpg

Where is this new exchange?

https://nxtchg.com/

also original forum link is https://nextcoin.org/index.php/topic,1585.0.html

I have PM'ed NxtChg.com regarding passwords and other people are also recommending the password policy is changed. So hopefully they will change it. In the meantime I withdrew some NXT and it worked fine.

Damelon

legendary

Activity: 1092

Merit: 1010

OK, I think I figured out why Tor didn't work for me.
It just didn't accept "localhost".

Can someone in the know confirm to me that if I go to 127.0.0.1/7874 in Tor, that basically this is what is needed to avoid the earlier mentioned DDos after TF has been implemented?
If so, I can put it separately in the wiki.

Thanks in advance.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: Zahlen on December 31, 2013, 02:36:52 PM

Regarding transaction fees, why not set them at some percentage of the transaction made (but capped at 1 NXT)?

That's how it works now. But u can change suggested fee to 1 NXT.

Zahlen

member

Activity: 98

Merit: 10

Regarding transaction fees, why not set them at some percentage of the transaction made (but capped at 1 NXT)?

gbeirn

full member

Activity: 126

Merit: 100

Quote from: Zahlen on December 31, 2013, 02:28:17 PM

Hi everyone. I'm looking to trade 0.3 BTC for NXT. I'd like to avoid going through an exchange though; hearing problems with dgex, and I don't have enough confidence in the new one that just launched. Would anyone be interested in selling me any NXT directly? Please PM or post only offers that are close to dgex prices.

I'm new to cryptocurrency, only just got my first BTC from fiat a few hours ago, so I don't know what the customs are, or how best to go about the trade. Would appreciate any advice about all this

I also don't really know anyone from this forum yet (so far I've only talked to Anon136 over PM), so I might not be willing to trade if you're also newish (don't have a sizeable post history).

(Don't know if this is the right place for this post, but I wasn't sure that the marketplace subforum has enough attention from folks with NXT.)

I would be willing...

gbeirn

full member

Activity: 126

Merit: 100

Quote from: Come-from-Beyond on December 31, 2013, 02:33:53 PM

Quote from: gbeirn on December 31, 2013, 02:32:11 PM

Owner posted on nxtcoin.org that he has not implemented password changing since people can change their password to something simply and get their account hacked.

Ah, that explains why I got "TABLE", this is much stronger... Dictionary attack will definitely fail, incrementing account id is extra protection I suppose...

jl777

legendary

Activity: 1176

Merit: 1134

landomata,

I am assuming core developers have their millions of NXT and will happily continue adding cool core features. However a core feature usually needs a bit of extra to make it maximize transaction fees.

If people think wesleyh is being overcompensated by his earning thousands of NXT per then others will figure out how to monetize the alias feature too. The dev team will be happy that people are using NXT to make NXT more valuable, since they presumably have a lot of NXT. Let's say we end up with half a dozen key contributors to alias monetization and a dozen supporting contributors, as just arbitrarily say all key contributors deserver equal share and all supporting contributors deserve equal shre and supporting role is worth one quarter a key role.

We would have 6 + 3 = 9 total shares, which each of the half dozen key contributors getting 1/9th the alias group's allocation and the dozen supporting people would get 1/36th.

I made up half dozen, dozen and 4:1 ratio. Each specific company will probably have different number of participants and ratios. The important concept here is that if a certain core feature has a lot of potential and a person is clever enough to unlock it with additional work, then that person gets a windfall. Other people notice that and come up with additional ways until it gets to a point of diminishing returns and new untapped core features gets developed.

Decentralized, self-selectred parallel development with profit motive.

I think it makes sense and the best part is that almost all of it is based on math that can't be argued with. The only thing that is up for debate is a person's membership in a group. I can see an odd numbered council of CfB, jean-luc, etc. to decide on this issue if there is any controversy. I don't imagine we would get too many controversies as a person's contribution needs to be tied directly to generating transaction fees from a core feature.

James

wakasaki808

sr. member

Activity: 476

Merit: 500

Quote from: Damelon on December 31, 2013, 02:32:35 PM

Quote from: xibeijan on December 31, 2013, 02:30:39 PM

Quote from: artila on December 31, 2013, 02:16:30 PM

New Exchange looks good

made a deposit and sold some nxt:

Where is this new exchange?

https://nxtchg.com/

also original forum link is https://nextcoin.org/index.php/topic,1585.0.html

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: gbeirn on December 31, 2013, 02:32:11 PM

Owner posted on nxtcoin.org that he has not implemented password changing since people can change their password to something simply and get their account hacked.

Ah, that explains why I got "TABLE", this is much stronger... Dictionary attack will definitely fail, incrementing account id is extra protection I suppose...

gbeirn

full member

Activity: 126

Merit: 100

Quote from: artila on December 31, 2013, 02:16:30 PM

New Exchange looks good

made a deposit and sold some nxt:

Hey, that was me!

Damelon

legendary

Activity: 1092

Merit: 1010

Quote from: xibeijan on December 31, 2013, 02:30:39 PM

Quote from: artila on December 31, 2013, 02:16:30 PM

New Exchange looks good

made a deposit and sold some nxt:

Where is this new exchange?

https://nxtchg.com/

gbeirn

full member

Activity: 126

Merit: 100

Quote from: artila on December 31, 2013, 02:22:35 PM

Quote from: Come-from-Beyond on December 31, 2013, 02:18:04 PM

Is it possible to change password from "TABLE" to something more secure? I didn't find how to do that.

Does not look like it is possible. Which means its not very secure.

Owner posted on nxtcoin.org that he has not implemented password changing since people can change their password to something simply and get their account hacked.

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: artila on December 31, 2013, 02:16:30 PM

New Exchange looks good

made a deposit and sold some nxt:

Where is this new exchange?

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: landomata on December 31, 2013, 02:23:04 PM

Would that not be similar to functions preformed by Nxt Asset Exchange Gateways?

Yes. This is supposed to be done via Asset Exchange.

Zahlen

member

Activity: 98

Merit: 10

Hi everyone. I'm looking to trade 0.3 BTC for NXT. I'd like to avoid going through an exchange though; hearing problems with dgex, and I don't have enough confidence in the new one that just launched. Would anyone be interested in selling me any NXT directly? Please PM or post only offers that are close to dgex prices.

I'm new to cryptocurrency, only just got my first BTC from fiat a few hours ago, so I don't know what the customs are, or how best to go about the trade. Would appreciate any advice about all this

I also don't really know anyone from this forum yet (so far I've only talked to Anon136 over PM), so I might not be willing to trade if you're also newish (don't have a sizeable post history).

(Don't know if this is the right place for this post, but I wasn't sure that the marketplace subforum has enough attention from folks with NXT.)

landomata

legendary

Activity: 2184

Merit: 1000

Quote from: Come-from-Beyond on December 31, 2013, 02:15:59 PM

Quote from: chanc3r on December 31, 2013, 02:12:31 PM

NXT is a way off from penetrating that market but NXT might need a tiered transaction charge in the future as a micropayment in different markets means something completely different.

Someone could issue tokens backed by NXTs and use centralized approach to process such transactions. This is much cheaper.

Would that not be similar to functions performed by Nxt Asset Exchange Gateways?

artila

newbie

Activity: 52

Merit: 0

Quote from: Come-from-Beyond on December 31, 2013, 02:18:04 PM

Is it possible to change password from "TABLE" to something more secure? I didn't find how to do that.

Does not look like it is possible. Which means its not very secure.

landomata

legendary

Activity: 2184

Merit: 1000

Quote from: jl777 on December 31, 2013, 11:56:19 AM

landomata,

wesleyh's share would be (daily forged amount of total community NXT fund) * (percentage of overall revenue alias fees are) since the day he released the plugins.

Currently that is ~1% of ____ per day

When we get DNS functionality he will share it with the ones who implement DNS. Probably costs for real work DNS hosting would come off the top of Aliascompany NXT

This way we can quantify each person's contribution to the community, instead of guessing what each feature is worth. Of course, nothing stops people from sending their NXT to people who are already getting community funds.

James

The above formula is awesome/practical....but many will question if Wesleyh is entitled to the specific amount generated by the formula because he did not develop the underlying infrastructure but build on top of what was already there.

Where it could not be questioned is when a person or entity developed a feature that was integrated network wide....such as if X developed Arbitrary Messaging and this feature generated a totally new fee stream...Your formula could then apply to the particular fees generated by this new feature.

Like Apps in the Apps store.....Nxt Infrastructure/feature builders would be paid based on the above formula because we cannot buy a feature/App this formula provides a monetization option for the Nxt infrastructure/feature developers.

josephliton

hero member

Activity: 644

Merit: 500

Happy new year to all of you.

chanc3r

sr. member

Activity: 952

Merit: 253

Quote from: Come-from-Beyond on December 31, 2013, 02:15:59 PM

Quote from: chanc3r on December 31, 2013, 02:12:31 PM

NXT is a way off from penetrating that market but NXT might need a tiered transaction charge in the future as a micropayment in different markets means something completely different.

Someone could issue tokens backed by NXTs and use centralized approach to process such transactions. This is much cheaper.

that's kind of the way it works today the mobile companies issue tokens backed by local currency and process it all centrally and take a small or no fee - so maybe NXT doesn't figure unless it replaces the local national currency one day.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1980. (Read 2761645 times)