I was under the impression that Service Providers would strengthen the network.
Correct.
Topic: NXT :: descendant of Bitcoin - Updated Information - page 2035. (Read 2761645 times)
Correct.
Hey CfB... it was suggested that if you run java, unlock browser, and then close browser while your account is unlocked that forging will continue.
Is there such possibility?
I know that as long as java is running the block chain will be up to date, but can you forge without the browser open?
Is there such possibility?
I know that as long as java is running the block chain will be up to date, but can you forge without the browser open?
That's correct. U can unlock ur account and just close the browser and u'll be forging, coz real forging is done inside the java program.
Shouldn't we get a stable client 1st. How many people are able to actually run it non stop.
We can do it in parallel.
What do you guys think of this?
http://nxtra.org/nodes/
I noticed everyone seems to copy the same "easyCopyString" for the list of server nodes (wellKnownPeers) in web.xml - however, wouldn't it be better if that list of server nodes was different for everyone?
That's what my tool does, it gives back a random sampling of the well known server nodes. That way there'll be no overloading and everything will be less centralized. Now of course, I'd like to know CFB's opinion on this (and anyone else's).
Good thing! http://nxtra.org/nodes/
I noticed everyone seems to copy the same "easyCopyString" for the list of server nodes (wellKnownPeers) in web.xml - however, wouldn't it be better if that list of server nodes was different for everyone?
That's what my tool does, it gives back a random sampling of the well known server nodes. That way there'll be no overloading and everything will be less centralized. Now of course, I'd like to know CFB's opinion on this (and anyone else's).
Today CoinArea.net received a big update.
Frontpage Changes:
· Small visual improvements
· Newest NXT client (0.4.7e)
· New beginner video "How to get started?"
· New Advertisement Section (Write us an email with your price!)
· Updated the Get started guideline with new Wikipedia Links
· Added the following new links:
- Reddit /r/nextcoin
- NXT Coin Flip
- Automatic NXT Faucet
- NXT Node List Generator
- NextCoin.org Links (News & Alerts, Instructions & Help, Giveaways, Short/Long Term Priorities)
- peercover.com
Other Changes:
· New news section with the latest news around CoinArea.net and NXT. (Blogsystem is still under development through!)
· A few improvements to the toplist, which will come in the near future. You will get some new information about it soon!
(The faucet is dry!
Go over to the nxtra faucet! 
)
I will soon drop the faucet if there are no huge donations. Then it will become a pure link list site with a casino later.
Frontpage Changes:
· Small visual improvements
· Newest NXT client (0.4.7e)
· New beginner video "How to get started?"
· New Advertisement Section (Write us an email with your price!)
· Updated the Get started guideline with new Wikipedia Links
· Added the following new links:
- Reddit /r/nextcoin
- NXT Coin Flip
- Automatic NXT Faucet
- NXT Node List Generator
- NextCoin.org Links (News & Alerts, Instructions & Help, Giveaways, Short/Long Term Priorities)
- peercover.com
Other Changes:
· New news section with the latest news around CoinArea.net and NXT. (Blogsystem is still under development through!)
· A few improvements to the toplist, which will come in the near future. You will get some new information about it soon!
(The faucet is dry!
Go over to the nxtra faucet! )I will soon drop the faucet if there are no huge donations. Then it will become a pure link list site with a casino later.
...and Service Providers! 
This is not such important. Just instant messages and distributed filestorage. We already have Skype and Mega.
I was under the impression that Service Providers would strengthen the network.
CfB,
A while back you asked which of a list of features the dev team should implement next. I need more info before I can make a recommendation.
In essence it would be ranked by the (expected transactions fees) / (time left to complete)
From an investors standpoint, it is all about the transaction fees. Assuming all the projects are independent and there are no dependencies, the most bang for the dev time will front load NXT valuation increase. If we want to slow down the increase of fair market value and all of these features will eventually get implemented, then we do the opposite. Deadlines and software dev being what it is, I think it best to optimize for more fair market value sooner, rather than later. Usually we discover even better things to do when we see something actually deployed.
So, I had a flash of insight on how we can integrate utopianfutures IPO plan with the upcoming features. This also partially solves the question of what type of companies we will have doing IPOs.
I suggest that we encapsulate each new NXT feature that generates its own transaction fees into a NXTcompany. I am assuming we can accurately track each NXTcompany's transaction fees and that is the equivalent of the traditional revenue statement. A NXTcompany will usually have no, or minimal costs, at least I think that is the case as once the software is developed, we might need a few custom servers, but mostly just manpower to nurture each NXTcompany. The profit calculation will simply be the difference between total transaction fees minus whatever costs, if any. If any additional costs are needed, it could be funded from sales of IPO shares, individual contributions, etc.
Who gets to be in each NXTcompany? My answer is anybody! Of course, each person needs to be a valuable team member and the way to allocate "ownership" is by voting of all the peers. Each person votes for all the other people, say a scale of 0 to 10, or maybe a simpler full share, half share, no share, each NXTcompany should decide how each person's contribution will be ranked. Tally up the totals and you have the prorata ownership of the NXTcompany. Integrate over time to calculate the lifetime ownership percentage. A company in need of funds for costs could recruit investors who would get an agreed upon percentage. Anyway, you get the idea. We can have a generic NXTcompany template, but it would just be a set of guidelines to start from. Each NXTcompany can and probably should mutate as best fits their goals.
Something like that. Each NXTcompany should get its own wiki page that is updated with important things like what the feature is, why someone will want to use it, what it costs and an estimated (or actual) usage percentage and transaction fee estimate.
This will allow everyone to see which NXTcompany they would want to put their time into. Basically we will start a new IPO for each new feature and IPO shares are up for grabs for all the NXT stakeholders. Just pick the few projects you really believe in and can contribute meaningfully.
I don't think it would be so healthy to have a competition, but maybe some sort of founder sponsored bounty that is issued to each NXTcompany that achieves key milestones would be a nice reward for the hard work.
NXT the investment will be valued at the sum total of the value of all the NXTcompanies. The more companies we have, the more NXT will be worth. Everybody wins, except the ones who don't participate.
Everybody has a chance to get in on the ground floor of a NXTconomy startup!!
utopianfuture, we need an "investment bank" equivalent to track the different NXTcompanies and have a standardized presentation of "financials". Since this is your baby, maybe you can take this on? I am sure you will get voted some shares in all the companies by helping smooth the process.
The fantastic thing about the NXTconomy is that everybody can make a significant contribution, regardless of your specific skill set. I think that it is the NXT community that is so vibrant and active that is the "secret sauce" that none of the other NXTclones will ever have. After all, why would anybody want to work on a clone when they can easily join the original?
I can envision making a presentation to potential investors with pages upon pages of NXTcompanies, each generating transaction fees and when the light bulb goes off they will want a piece of the NXTeconomy. Every NXT represents a share of the NXTconomy, not just a single NXTcompany, but all NXTcompanies present and future.
BCNext designed a frictionless economy so the velocity of money can be extremely fast. Every NXT that is spent automatically recirculates, within a minute or so. Simply incredible.
James
P.S. Even the alias system could use a NXTcompany. I could see a domain listing site as a first step, with many other possibilities.
A while back you asked which of a list of features the dev team should implement next. I need more info before I can make a recommendation.
In essence it would be ranked by the (expected transactions fees) / (time left to complete)
From an investors standpoint, it is all about the transaction fees. Assuming all the projects are independent and there are no dependencies, the most bang for the dev time will front load NXT valuation increase. If we want to slow down the increase of fair market value and all of these features will eventually get implemented, then we do the opposite. Deadlines and software dev being what it is, I think it best to optimize for more fair market value sooner, rather than later. Usually we discover even better things to do when we see something actually deployed.
So, I had a flash of insight on how we can integrate utopianfutures IPO plan with the upcoming features. This also partially solves the question of what type of companies we will have doing IPOs.
I suggest that we encapsulate each new NXT feature that generates its own transaction fees into a NXTcompany. I am assuming we can accurately track each NXTcompany's transaction fees and that is the equivalent of the traditional revenue statement. A NXTcompany will usually have no, or minimal costs, at least I think that is the case as once the software is developed, we might need a few custom servers, but mostly just manpower to nurture each NXTcompany. The profit calculation will simply be the difference between total transaction fees minus whatever costs, if any. If any additional costs are needed, it could be funded from sales of IPO shares, individual contributions, etc.
Who gets to be in each NXTcompany? My answer is anybody! Of course, each person needs to be a valuable team member and the way to allocate "ownership" is by voting of all the peers. Each person votes for all the other people, say a scale of 0 to 10, or maybe a simpler full share, half share, no share, each NXTcompany should decide how each person's contribution will be ranked. Tally up the totals and you have the prorata ownership of the NXTcompany. Integrate over time to calculate the lifetime ownership percentage. A company in need of funds for costs could recruit investors who would get an agreed upon percentage. Anyway, you get the idea. We can have a generic NXTcompany template, but it would just be a set of guidelines to start from. Each NXTcompany can and probably should mutate as best fits their goals.
Something like that. Each NXTcompany should get its own wiki page that is updated with important things like what the feature is, why someone will want to use it, what it costs and an estimated (or actual) usage percentage and transaction fee estimate.
This will allow everyone to see which NXTcompany they would want to put their time into. Basically we will start a new IPO for each new feature and IPO shares are up for grabs for all the NXT stakeholders. Just pick the few projects you really believe in and can contribute meaningfully.
I don't think it would be so healthy to have a competition, but maybe some sort of founder sponsored bounty that is issued to each NXTcompany that achieves key milestones would be a nice reward for the hard work.
NXT the investment will be valued at the sum total of the value of all the NXTcompanies. The more companies we have, the more NXT will be worth. Everybody wins, except the ones who don't participate.
Everybody has a chance to get in on the ground floor of a NXTconomy startup!!
utopianfuture, we need an "investment bank" equivalent to track the different NXTcompanies and have a standardized presentation of "financials". Since this is your baby, maybe you can take this on? I am sure you will get voted some shares in all the companies by helping smooth the process.
The fantastic thing about the NXTconomy is that everybody can make a significant contribution, regardless of your specific skill set. I think that it is the NXT community that is so vibrant and active that is the "secret sauce" that none of the other NXTclones will ever have. After all, why would anybody want to work on a clone when they can easily join the original?
I can envision making a presentation to potential investors with pages upon pages of NXTcompanies, each generating transaction fees and when the light bulb goes off they will want a piece of the NXTeconomy. Every NXT represents a share of the NXTconomy, not just a single NXTcompany, but all NXTcompanies present and future.
BCNext designed a frictionless economy so the velocity of money can be extremely fast. Every NXT that is spent automatically recirculates, within a minute or so. Simply incredible.
James
P.S. Even the alias system could use a NXTcompany. I could see a domain listing site as a first step, with many other possibilities.
This script is cool, but you could make it perfect if it checked each node in the generated string if the node is alive and provides current block info and not stuck somewhere behind people don't want to put stuck nodes in their configs. Besides, users who don't run public nodes, don't want to mess with the config much, there still should be a predefined set of nodes already in the config. But that's up to the developers to include that in the downloadable NXT package.
people don't want to put stuck nodes in their configs. Besides, users who don't run public nodes, don't want to mess with the config much, there still should be a predefined set of nodes already in the config. But that's up to the developers to include that in the downloadable NXT package.yes, your tool is great as is but would be absolutely FANTASTIC if you can put a little vetting into it. A node wouldnt necessarily have to have 100% latest block, also keep in mind that due to local orphans, etc that 2 nodes could have the latest block#, and their web interface would report latest blockID and latest block height#, and while their APIs may return the correct latest blockID, the API may return different block#'s so keep that in mind.
We would LOVE to feature your tool on the NXT Foundations Latest/Critical Info web site at http://info.nxtcrypto.org
I'll work on it some more in the coming week. Thanks for the suggestions.
I think one of the bigger challenges is to get people out of the "mining" mindset.
With great patience and math. smargda, I agree with you.. I don't know when they were forged, and my point is that I should have forged A LOT MORE, based on time and nxt held.
Calculations? Expected value of getting a block? Dispersion? Why "should"? No such thing in work of variance (as well as in any crypto before pools; all-coins-pool can lower dispersion to 0 and big pools to some small number). 
This script is cool, but you could make it perfect if it checked each node in the generated string if the node is alive and provides current block info and not stuck somewhere behind people don't want to put stuck nodes in their configs. Besides, users who don't run public nodes, don't want to mess with the config much, there still should be a predefined set of nodes already in the config. But that's up to the developers to include that in the downloadable NXT package.
people don't want to put stuck nodes in their configs. Besides, users who don't run public nodes, don't want to mess with the config much, there still should be a predefined set of nodes already in the config. But that's up to the developers to include that in the downloadable NXT package.yes, your tool is great as is but would be absolutely FANTASTIC if you can put a little vetting into it. A node wouldnt necessarily have to have 100% latest block, also keep in mind that due to local orphans, etc that 2 nodes could have the latest block#, and their web interface would report latest blockID and latest block height#, and while their APIs may return the correct latest blockID, the API may return different block#'s so keep that in mind.
We would LOVE to feature your tool on the NXT Foundations Latest/Critical Info web site at http://info.nxtcrypto.org
damn they are cheap. and Btc is well priced too. and coinbase just today upped me to 10btc/day instant buy..
but a lot of others will not understand this point. And that will be the reason for people to ignore NXT
And they absolutely should. We don't need at all "trusted money", we're need understanding of any newbie what's happening (time of learning doesn't matter) or we'll get problems for sure.Agreeing with PoS-concept — very important thing. It'd not be lost in guides: Do you agree or not with PoS-repercussions (nooon-linear distribution of wealth)? (Next question: do you agree PoW can nothing do to stop this?
) 
Or buy at dgex.com - they are cheap now.
Hello, I have managed to setup the NXT browser wallet and that but i cant find my account on the NXT block explorer( http://87.230.14.1/nxt/nxt.cgi?action=10 ) and i havent got any NXT from any of the giveaways, what is wrong?
My Address: 1245886938746430210
Feel free to send any amount of NXT
My Address: 1245886938746430210
Feel free to send any amount of NXT
it wont show anything until you get a transaction on that account
okay thanks for quick answer
, but how do i get some NXT ? http://nxtra.org/faucet/
http://www.coinarea.net/faucet.php
Welcome to Nxt!
That is why I suggested to put 80% of the coins
To whom can you suggest such a thing? I can do decisions about 0.00...% of all coins for example. Make a list and ask them privatelly step-by-step. If all big accs we'll agree, u'll get your 80% under control. If not, well what block are you guys on?
I think I should speed up deployment of Transparent Forging...
Hey CfB
can i get some tips on changing a hallmark? moved VPS i.p address and want to change the weight but im getting transaction not allowed errors
what block are you guys on?
I think I should speed up deployment of Transparent Forging...
What do you guys think of this?
http://nxtra.org/nodes/
I noticed everyone seems to copy the same "easyCopyString" for the list of server nodes (wellKnownPeers) in web.xml - however, wouldn't it be better if that list of server nodes was different for everyone?
That's what my tool does, it gives back a random sampling of the well known server nodes. That way there'll be no overloading and everything will be less centralized. Now of course, I'd like to know CFB's opinion on this (and anyone else's).
http://nxtra.org/nodes/
I noticed everyone seems to copy the same "easyCopyString" for the list of server nodes (wellKnownPeers) in web.xml - however, wouldn't it be better if that list of server nodes was different for everyone?
That's what my tool does, it gives back a random sampling of the well known server nodes. That way there'll be no overloading and everything will be less centralized. Now of course, I'd like to know CFB's opinion on this (and anyone else's).
AWESOME!
ok that is cool
...and Service Providers!
This is not such important. Just instant messages and distributed filestorage. We already have Skype and Mega.
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