Mastercoin devs scrambling to crash dgex ...
No reason for them to do that.
Topic: NXT :: descendant of Bitcoin - Updated Information - page 2131. (Read 2761645 times)
No reason for them to do that.
Yes, parallelization is more sophisticated. Current implementation is called Nxt Reference Software. We could optimize networking by using binary protocol instead of JSON, but this would increase entry barrier for newbie programmers. The same is applied to other parts of NRS.
So if I understand it right, the idea is that the community develops new clients that are functionally the same as NRS (i.e. do the same thing, and communicate with other peers using the same protocol), either by forking NRS or starting from scratch (perhaps in another language). But where/when is Next defined, e.g. requirements on behaviour and communication protocol? Will this be separately released, or does the specification basically equal the source code (bugs & all)?
The same as in Bitcoin. Protocol is defined by code (including bugs and work-arounds).
I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities.
What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.
A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it.
I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange.
I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset exchange, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions
I understand why BCnext has to be anonymous.
Mastercoin devs scrambling to crash dgex ...
Yes, parallelization is more sophisticated. Current implementation is called Nxt Reference Software. We could optimize networking by using binary protocol instead of JSON, but this would increase entry barrier for newbie programmers. The same is applied to other parts of NRS.
So if I understand it right, the idea is that the community develops new clients that are functionally the same as NRS (i.e. do the same thing, and communicate with other peers using the same protocol), either by forking NRS or starting from scratch (perhaps in another language). But where/when is Next defined, e.g. requirements on behaviour and communication protocol? Will this be separately released, or does the specification basically equal the source code (bugs & all)?
NXT almost overtaking master coin very cool!! If anyone would like to buy my NXT please PM me, selling them asap
Possible happens, not sure what happens when MSC will use milli-mastercoins. The problem for mastercoin is the BTC per Mastercoin.
Another problem is that 80% of the new NXT adopters and MSC adopters dont even know what NXT or MSC is.
NXT almost overtaking master coin very cool!! If anyone would like to buy my NXT please PM me, selling them asap
What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.
Nxt revolution, ladies and gentlemen!
CfB, how is the decentralised exchange testing going?
We've done with testing. Now all depends on when nexern completes his client.
I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities.
What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.
A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan bank in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it.
Edit:
Imaging the volume of fee generated by BTC/Nxt Gateway....this gateway should be the 1st Nxt Asset Exchange IPO.
so it would not be under the control of one individual...and anyone can buy in at anytime.
this IPO would see huge demand!
Automatic Public Node Update Script
I just wrote a simple python script that fetches a list of public servers I collect in a text file and puts them into the NXT server config. This is the node file.
You can find it on my node server.
Usage is quite simple. The only prerequisite is to have a symlink to the config file (web.xml) in the NXT rootdir:
I find this more elegant than drilling down into the dir explicitly. If you do not like this very much, alter the configFilename variable in the script.
When ready, just start the script:
Hope this reduces some hassle for node admins.
I just wrote a simple python script that fetches a list of public servers I collect in a text file and puts them into the NXT server config. This is the node file.
You can find it on my node server.
Usage is quite simple. The only prerequisite is to have a symlink to the config file (web.xml) in the NXT rootdir:
Code:
~/nxt$ ln -s webapps/root/WEB-INF/web.xml configfile
I find this more elegant than drilling down into the dir explicitly. If you do not like this very much, alter the configFilename variable in the script.
When ready, just start the script:
Code:
python updatePublicNodes.py
Hope this reduces some hassle for node admins.
Rockt !!!
What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.
Why did noone implement this on Bitcoin platform yet? 5 years have passed.
CfB, how is the decentralised exchange testing going?
Does dgex.com work? Login doesn't work.
Down atm pal only the landing page loads for me. Hang in there im pretty sure there on with sorting it I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities.
What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.
Is it worth to run a node with around 1000 Nxt? Will I be able to forge anything thats worth it?
Yes, u'll be earning 0.0001% of all fees.
Is it worth to run a node with around 1000 Nxt? Will I be able to forge anything thats worth it?
Yes. Sometimes the base target shoots up to 1000% or 2000%, you might get a block or two.
No.
Looks like a bug. I bet it will be found and fixed after 3rd of Jan.
Thanks. Better add that to the main page.
Jump to: