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Topic: NXT :: descendant of Bitcoin - Updated Information - page 212. (Read 2761645 times)

sr. member
Activity: 376
Merit: 300
crazy wall 0.00007000    1,581,716.425    110.72015
It seems that some rich guy is acting against price drops: the same wall was at 0.00004, then at 0.00005, it just moves...
member
Activity: 84
Merit: 10
I just typed out a nice response and got a 502 Bad Gateway.  Here it is again.

If Nxt AE does not allow people to choose any pair they like then another 2.0 platform will deliver this free market. Nxt currently has the most efficient blockchain available and the strength of NXT will be in the massive free trade made possible by the ecosystem. Nxt AE limits it's usefulness if it attempts to have NXT a part of every pair. The price of NXT will rise from the use of the Nxt AE; the network will grow. People will initially want to trade in pairs that already exist. Nxt AE should facilitate this ability. Nxt AT extends these capabilities to enable "dead capital" to be titled and traded.

In the long run, Cross Chain Transactions will allow seamless cryptographic trading (likely from smart phones) allowing instant atomic trade of any cryptographic pair completely outside of the Nxt AE.


To be clear from this morning,

Nxt Asset Exchange will allow trading in any pair chosen by market participants, correct?

not at the start. Once AT will be enabled, someone can create such a pair with NXT in the background

honestly i think it would be best never to let that happen for a couple of reasons. it forces people to use nxt which inflates the value and strengthens the security of the network but also it forces the markets to be deeper and more liquid thus reducing volatility and generating more accurate and reliable price signals.

Well, I do not agree with you Anon, really some market need to not be tied to the value of Nxt. Just think of the USD link to the Oil industry. This is great example, and this is really problematic for the US right now. USA have a huge responsability concerning this matter. In the end, pegging everyting to Nxt will put too much pressure on the Nxt devs or the Nxt network. I think it is better to let the market choose what best currency a thing need to be denomitated to. In the end, Nxt is the platform 2.0 ecosystem. Denomintaing everything in Nxt will focus NXT to be to much of a 1.0 crypto. To much centralization toward Nxt is not good either.

I don't think Nxt need to be inflate, Nxt evosystem value will come by its ability to solve real world problems.

Please detail more your opinion on this matter. I know you are talented to express your thinking.

@TwinWinNerD Hopefully, I hope only Nxt fee will be involve in the background.
legendary
Activity: 1540
Merit: 1016
crazy wall 0.00007000    1,581,716.425    110.72015
hero member
Activity: 715
Merit: 500
To be clear from this morning,

Nxt Asset Exchange will allow trading in any pair chosen by market participants, correct?

not at the start. Once AT will be enabled, someone can create such a pair with NXT in the background

honestly i think it would be best never to let that happen for a couple of reasons. it forces people to use nxt which inflates the value and strengthens the security of the network but also it forces the markets to be deeper and more liquid thus reducing volatility and generating more accurate and reliable price signals.

Well, I do not agree with you Anon, really some market need to not be tied to the value of Nxt. Just think of the USD link to the Oil industry. This is great example, and this is really problematic for the US right now. USA have a huge responsability concerning this matter. In the end, pegging everyting to Nxt will put too much pressure on the Nxt devs or the Nxt network. I think it is better to let the market choose what best currency a thing need to be denominated to. Most thing could be value in Nxt, but not everything. Better to let free will. In the end, Nxt is the platform 2.0 ecosystem. Denomintaing everything in Nxt will focus NXT to be to much of a 1.0 crypto. To much centralization toward Nxt is not good either.

I don't think Nxt need to be inflate, Nxt ecosystem value will come by its ability to solve real world problems.

Please detail more your opinion on this matter. I know you are talented to express your thinking.

@TwinWinNerD Hopefully, I hope only Nxt fee will be involve in the background.
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
To be clear from this morning,

Nxt Asset Exchange will allow trading in any pair chosen by market participants, correct?

not at the start. Once AT will be enabled, someone can create such a pair with NXT in the background

honestly i think it would be best never to let that happen for a couple of reasons. it forces people to use nxt which inflates the value and strengthens the security of the network but also it forces the markets to be deeper and more liquid thus reducing volatility and generating more accurate and reliable price signals.

You make a wrong assumption! If you trade 2 nonNXT assets against each other, there would be a NXT trade in the background. It would just be a shortcut, but NXT would be involved without seeing it. Also fees would be in NXT.
legendary
Activity: 1722
Merit: 1217
To be clear from this morning,

Nxt Asset Exchange will allow trading in any pair chosen by market participants, correct?

not at the start. Once AT will be enabled, someone can create such a pair with NXT in the background

honestly i think it would be best never to let that happen for a couple of reasons. it forces people to use nxt which inflates the value and strengthens the security of the network but also it forces the markets to be deeper and more liquid thus reducing volatility and generating more accurate and reliable price signals.
sr. member
Activity: 376
Merit: 300
I had a similar idea: the forger is determined in the same way, but then, say, 10 accounts who are "next in the queue" append some random numbers (determined by them) to the new block. Or not the next 10, but, say, those with the weight "close" to the winning one. If this is doable, then the "bad guy" needs to control really a lot of top accounts, because even 1 account not under his control and which is allowed to insert the number, will completely mix up the things.


I would favor forgers of previous blocks. Say, we are currently at block X. At X-1440, subsequent forgers must commit random numbers until, say,10 numbers are collected. These 10 numbers will in part determine the forger of the block at X+20.

One big issue I see with that is: what forgers are allowed to include their number? That is a consensus problem, too. Who decides that?
For example, those forgers whose inverse weight differs from the winning one by less than something.
sr. member
Activity: 308
Merit: 250
Hey, new version at http://nxtra.org/nxt-client/
...

Great! Grin

Hey, new version at http://nxtra.org/nxt-client/

[...]


Great work.

One word about more code in common: run for it. I think JL is open for that.

About the non-uniqueness of assets. Well, nice idea of having a branding via an alias, but I still do not like it. It is just a feeling.

Maybe, somebody could give me a good feeling of non-unique asset names.

As others have mentioned, the "original" asset name may not be the "real" asset, so the original name has no real meaning. Also, it solves the issue of different issuers selling the same product. Because their alias is unique, no one can fake their brand.

Pandaisftw

The problem with the alias thing is that it's a hack, I show this as a proof of concept and hope that we can get another field added to the asset exchange table format. (unique suffix). That's the only purpose that the alias serves, and could just as well be integrated in the asset table itself.

Same for tagging, which should follow a similar approach to the DGS.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Haven't given up yet.  Is there a reason this wouldn't reliably get random numbers into a decentralized network?

3 forgers at once, first 3 from the list of next forgers in line to forge.

A picks a random number, signs it, and sends to B
B picks random number, signs it, and sends to C
C picks random number, signs it, and sends to A

Who decides who are A, B and C?

Hint: you do not know if an account will forge even when it is due to do.

I had a similar idea: the forger is determined in the same way, but then, say, 10 accounts who are "next in the queue" append some random numbers (determined by them) to the new block. Or not the next 10, but, say, those with the weight "close" to the winning one. If this is doable, then the "bad guy" needs to control really a lot of top accounts, because even 1 account not under his control and which is allowed to insert the number, will completely mix up the things.


I would favor forgers of previous blocks. Say, we are currently at block X. At X-1440, subsequent forgers must commit random numbers until, say,10 numbers are collected. These 10 numbers will in part determine the forger of the block at X+20.

One big issue I see with that is: what forgers are allowed to include their number? That is a consensus problem, too. Who decides that?
member
Activity: 84
Merit: 10
The US shut down SWIFT wire transfers years ago see source http://www.nytimes.com/2012/03/16/world/middleeast/crucial-communication-network-expelling-iranian-banks.html?_r=0

and forced the Iranian oil trade to move to gold settlement.

Now the US shuts down banking services for international Visa and Mastercard customers highlighting the weakness of a centralized payment system.
Source: http://en.ria.ru/business/20140321/188628529/Visa-Mastercard-Freeze-Customer-Cards-at-Russian-Bank.html

Nxt and Nxt AE is evolving out of necessity for a secure decentralized payment and trading system.

A strong new today for cryptocurrency, and a strong argument especially for nxt which have a faster transaction confirmation than bitcoin .

visa and mastercard have block credit card operation of some russia vip.

this fact is very interesting :
Our french national radio (not only me), pose this question :
 How we can trust this 2 money transfer network if european are totally dependent of the ''goodwill' of USA, especially for the future of europa

this is a great change of paradigm.    
hero member
Activity: 784
Merit: 500
We need guys in the marketing of Nxt who are native english speakers. I really appreciate the work of salsacz, but in some of his writinigs he uses phrases that can be misinterpreted or that are simply not appropriate.
We also need speakers for Nxt. Speakers with technical background who are able to represent Nxt in videos, interviews, people like rickyjames and Anon. But more of them, and also ones who are ready to travel to conferences.

I am in talks with the Vienna Bitcoin Conference guys, they already offered me to talk about Nxt, which is great, but I won´t be able to tell them more about it, than how cool it´s features are, because I have no clue about the cryptographical, mathematical or coding aspects. So here, for example, I would need someone to get with me on the stage and take over where it is getting more techy.

I can do all of this.  On top of my career as a professional actor (and the implied comfort with media work that comes with such employment), I have an engineering degree.  I understand Nxt quite well, and have been here since the first week of December.  I'm not a computer scientist or a cryptographer, but I know enough to represent Nxt very well.

I've decided NOT to head to Bitcoin Expo in Toronto due to its Bitcoin-centric content.  But I'm happy to speak to anyone about Nxt. 


What about coming to Vienna? Smiley You can stay on our couch Smiley
newbie
Activity: 51
Merit: 0
A strong new today for cryptocurrency, and a strong argument especially for nxt which have a faster transaction confirmation than bitcoin .

visa and mastercard have block credit card operation of some russia vip.

this fact is very interesting :
Our french national radio (not only me), pose this question :
 How we can trust this 2 money transfer network if european are totally dependent of the ''goodwill' of USA, especially for the future of europa

this is a great change of paradigm.    
hero member
Activity: 490
Merit: 504
Coinsumm.it Public Relations would like to know who I would like to interview. What does the Nxt community think? Should I interview Vitalik Buterin or Anthony Di Iorio of Ethereum or should I interview Kashmir Hill of Forbes or Shakil Khan of CoinDesk?
iterview all 60 journalists
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
To be clear from this morning,

Nxt Asset Exchange will allow trading in any pair chosen by market participants, correct?

not at the start. Once AT will be enabled, someone can create such a pair with NXT in the background
member
Activity: 84
Merit: 10
To be clear from this morning,

Nxt Asset Exchange will allow trading in any pair chosen by market participants, correct?
full member
Activity: 210
Merit: 100
ethereum - for example here: http://bitcoinexpo.ca/ they have 3 speakers, that would be fine, but they are also Platinum sponsors - they paid $35,000 for sponsoring this one small event..

You forget to mention that Anthony Di Iorio -- the man who is helping to co-ordinate Bitcoin Expo -- is an Ethereum co-founder, and also operates the bitcoind space in downtown Toronto where Ethereum's main office is.

And you wonder why they don't want Nxt at Bitcoin Expo?

Talk about conflict of interest. They have expressed that Nxt is not wanted there?

It's not a conflict of interest at all, I don't think.  Anthony Di Iorio is a very influential and articulate member of the Bitcoin community, and the founder of the Bitcoin Alliance of Canada.  He is also involved with kryptokit and many other projects in incubation.  I'm a fan of his.

Bitcoin Expo has not expressly excluded Nxt or any other altcoin.  It just appears that the conference is heavily focused on leveraging Bitcoin for community involvement and next-generation applications.  The only way we could represent Nxt there would be to become a sponsor -- it's the only way they allow the distribution of ANY material -- and that cost is prohibitive, IMHO.  I think we can be more effective in other ways.

TL;DR: I don't mean to imply that they're anti-Nxt.  I have no evidence that this is the case.
full member
Activity: 168
Merit: 100
Quote
actus open source smart contracts.

http://www.stevens.edu/fsc/content/thought-leadership/algorithmic-contract-types-unified-standards/the-importance-of-actus

In case anyone was wondering. Ethereum are largely basing their whole concept on filling this role. I would say its required studying whether ethereum were prescribing to it or not.There is no reason we cannot implement all the necessary contract types. There are just too many smart people in the community to be nervous about this and Nxt has a huge head start.

they said in an interview at Kaiser report. smart contracts ethereum is based on Actus
full member
Activity: 210
Merit: 100
We need guys in the marketing of Nxt who are native english speakers. I really appreciate the work of salsacz, but in some of his writinigs he uses phrases that can be misinterpreted or that are simply not appropriate.
We also need speakers for Nxt. Speakers with technical background who are able to represent Nxt in videos, interviews, people like rickyjames and Anon. But more of them, and also ones who are ready to travel to conferences.

I am in talks with the Vienna Bitcoin Conference guys, they already offered me to talk about Nxt, which is great, but I won´t be able to tell them more about it, than how cool it´s features are, because I have no clue about the cryptographical, mathematical or coding aspects. So here, for example, I would need someone to get with me on the stage and take over where it is getting more techy.

I can do all of this.  On top of my career as a professional actor (and the implied comfort with media work that comes with such employment), I have an engineering degree.  I understand Nxt quite well, and have been here since the first week of December.  I'm not a computer scientist or a cryptographer, but I know enough to represent Nxt very well.

I've decided NOT to head to Bitcoin Expo in Toronto due to its Bitcoin-centric content.  But I'm happy to speak to anyone about Nxt.  
member
Activity: 84
Merit: 10
Source? This is news to me, but I am not surprised.

ethereum - for example here: http://bitcoinexpo.ca/ they have 3 speakers, that would be fine, but they are also Platinum sponsors - they paid $35,000 for sponsoring this one small event..

You forget to mention that Anthony Di Iorio -- the man who is helping to co-ordinate Bitcoin Expo -- is an Ethereum co-founder, and also operates the bitcoind space in downtown Toronto where Ethereum's main office is.

And you wonder why they don't want Nxt at Bitcoin Expo?

Talk about conflict of interest. They have expressed that Nxt is not wanted there?
sr. member
Activity: 376
Merit: 300
Haven't given up yet.  Is there a reason this wouldn't reliably get random numbers into a decentralized network?

3 forgers at once, first 3 from the list of next forgers in line to forge.

A picks a random number, signs it, and sends to B
B picks random number, signs it, and sends to C
C picks random number, signs it, and sends to A

Who decides who are A, B and C?

Hint: you do not know if an account will forge even when it is due to do.

I had a similar idea: the forger is determined in the same way, but then, say, 10 accounts who are "next in the queue" append some random numbers (determined by them) to the new block. Or not the next 10, but, say, those with the weight "close" to the winning one. If this is doable, then the "bad guy" needs to control really a lot of top accounts, because even 1 account not under his control and which is allowed to insert the number, will completely mix up the things.
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