Topic: NXT :: descendant of Bitcoin - Updated Information - page 2219. (Read 2761629 times)

23823      6483973064837388393,  2034 %
is this the right one? hope i'm not lost

...&EvilDave: thanks for your answers.

I'm checking the blockchain explorer and I can see my transactions but not how many confirmations I have. Where do I check how many I have? Is there anywhere I could ask this newbie questions instead of here? ))
EDIT: Just looked up the block in the blockchain explorer and it shows 905 confirmations. So I guess I need to wait til the 1400
My version is '.4.2 so guess I'm good as well.
---

I've seen you need VPS servers and that there are some guides. I will try to find some time today to check it out and set a node (no idea what it is exactly but sounds helpful). Also, if you need some Spanish translation, let me know More than happy to help.

Thanks again

lol. dare he? I have like 8 copies saved. heh.

how's that ?

REPOST:: PSA:  Condensed (not really) redundant info that keeps being asked for newbies that don't want to read 300+ pages (info will be repeated on every other new page)

Because so many people are failing to read about what nxt has to offer and offering premature conclusion which mostly mirrors negative aspect of "alt coins" This writeup is needed badly and will be repeated from page to page.

--BCnext started all this and is following in the footsteps of satoshi, Come-from-beyond serves as the connecting link now, see:
https://bitcointalksearch.org/topic/m.3832234

--NXT is 100% proof of stake, NOT AN ALT COIN ( fork of bitcoin) and there is no "COIN" in NXT, Just simply NXT!

--The software is currently java based, and closed source for now that it is in the alpha stage.  Still, pieces of the code are available for review upon permission of the devs, but the full code will not be released until Jan 3, 2014 official launch.

--Nxt is a brain wallet, a very long and secure passphrase MUST be used to generate your account. You much use more than 30 uppercase, lowercase and special characters for your password to be safe from brute force attacks.

--NXT will be divisible up to 2 decimal places, but it is not active yet.


Nxt currency distribution: NXT WAS NOT PRE-MINED, there is no such thing as mining in nxt. The initial nxt distribution process was completely fair and VERY PUBLIC! The public was advised to send bitcoin to the genesis address in exchange for NXT. Only about 71 people did so on time. These people paid fair and square to be in the position there are in. You could have been one too, but you were probably on another thread. ( If anyone has a better idea lets hear it). They were rewarded as the main starting founders and all NXT were distributed amongst them. It is now their prerogative and in their best interest to redistribute the funds as nxt is not as valuable if not accessible to the market. (And I was not one of the 71 by the way…why does it make sense to me and not you, please stop trolling) Please see all give away attempts  :


Bounties: https://bitcointalksearch.org/topic/bounty-announcements-for-nxt-the-first-pure-pos-coin-345773  we need several nodes on vps at the moment
Giveaways: https://bitcointalksearch.org/topic/nxt-big-giveaway-347927
Faucet: http://www.coinarea.net/faucet.php
If you are running a separate giveaway I pm me and i will update in the next couple of pages

CFB'S take on the creation of coins based on facts about 100% POS system:

" Actually there is only 1 way to create a secure 100% PoS coin - issue all coins at once. If u subsidize block forging (like 25 BTC in Bitcoin now) then u make ur coin vulnerable to different types of attacks. The only way to fix this is to add proof-of-work which doesn't make sense in 100%PoS coin. Mathematical proof is very sophisticated and wasn't peer reviewed, so this statement may be wrong. U still could mention that if not all coins r premined then the currency may be vulnerable to attacks."


for newbies:
   watch these videos  http://www.youtube.com/watch?v=zALTChPsXhQ, http://www.youtube.com/watch?v=f8dLMoZLMzM ,  
    and visit this site: http://www.coinarea.net

Mining:  There is no "MINING" in NXT, just forging: collecting transactions into blocks and earning transaction fees…block you forge is dependent on the amount of NXT you own. This is called FORGING and it is exactly what bitcoin will be doing 100 years from now.

--The price jump was due to an innovative feature named "aliases", this enables a competitive "namecoin-like" distributed DNS functionality
If you want to do aliases do this : https://localhost:7875/alias.html, fill the fields and hit OK
--Nxt is only 3 weeks old, nothing is released yet, because this is the alpha testing phase. Source code and official client will be released on jan 3rd with colored coins, voting, decentralized asset trading.

--how the consensus works in next :https://bitcointalk.org/index.php?topic=345773.msg4063478#msg4063478

Detailed feature sets:

- Decentralized DNS / Alias System (Starting at block 22000) ( this is already in effect and it raised the NXT market cap)
- Transparent Mining (Partially starting at block 25000) IN A COUPLE OF DAYS !
- Decentralized Asset Exchange / Colored Coins (Starting after block 30000) Jan 2014
     This allows gateways to issue other currencies (fiat or crypto) on the Nxt network.
- Decentralized Marketplace / Auction
- Decentralized Mixing Service
- Encrypted Messaging / Chat
- DDoS Protection - Project Kharon
- Voting

----Decentralized exchange is ready, we are just waiting on a frontend, easy to use UI to be released in january by a guy named nexern (cfb)



For stakeholders and if you want nxt to get stronger and continue to be superior:
The NXT network is being blasted by a >40 gbps DDOS attack. Nxt is a superior technology and its fighting off attack right now. CFB and Bcnext say the attack could easily be quenched but they choose to use this experiment as learning experience for when NXT catches up with bitcoin. They have chosen to remain neutral and let the network resolves its own issues.  But it can do way better if we strengthened the network by everyone contributing


What you can do
--We need more nodes to mitigate DDOS attacks, you can do either of these:

https://bitcointalksearch.org/topic/m.4103726        Use this Guide to starting vps by "iaowai80"     or
https://bitcointalksearch.org/user/ferment-181968      Pay/ hire "Ferment" to set up the nodes for you if you lack the time

UPDATE :: We have raised 400k nxt to support the nxt initial bootstrapping of the network. See the ledger here:
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=5

This was accomplished through donation from people like you and me..If you believe in the game-changing, innovative potential of nxt and the tireless work of the developers, support the network by donating to the common fund provided by "Pouncer" : please use this address: 14122495560166494500 .  The fund will be used to support server infrastructure that will initially continue to help bootstrap the network, essentially keeping your NXT valuable  

confirm the nxt account address from this post : https://bitcointalksearch.org/topic/m.4119640

I removed nxtfiles.zip. Let's go more decentralized way.

Yes, I see a lot of guys do the same, coz their blocks appear on different branches.

Really? 

Yes, you lost. right one : 23795      9433259657262176905 2711 %

Is it possible to forge from more than one machine at a time?

This way if one machine stops working, the other will continue to forge.

It's normal. Looks like protection system was triggered.

U can

question: if i have multi alias like a,b,c with a account. will i can only can select one as the alias to recieve nxt or i can use the three at sametime,that is mean send the nxt to a,b,c all recieved by this account?

I believe you have to wait for 1440 confirmations before you can see the countdown timer working (forging)
In je java client you're running you can see the version

Hey I have a question for the forging experts here!

I just forged a block (wow, just 2 days after I started, nice).

Now the timer with "You can forge a block in ..." has disappeared from the block list.

Is this normal? What does it mean, like I can only generate 1 block in a timeframe? Thanks!

Edit: I was on a "false" chain. Boo hoo. Too good to be true ;(

Posted about this on Nextcoin.org

the DL they have for .40 is actually .42, guess they haven't updated yet.
https://nextcoin.org/index.php/topic,4.0.html

Checking for forking...am I on the right one ?

Currently at:

23795      14392984063869043584      dinsdag 24 december 2013 13:48:20   
      
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Keep on NXT'ing


@DLXS:

U need 2 have 1440 confirmations of yr balance before u can start forging, so i"ve read elsewhere.....I'm on 900 and hoping right now

Hi there,

A question, I read about 50 pages here and couldn't sort it out.



Am I supposed to see a countdown where blocks found are in order to verify that I'm forging? Because I can't see it. I want to send myself the NXT I have in dgex but I'd like to see it's working (forging) before doing it. What am I doing wrong?

Question 2) how do I know what version I have and whether I should update or not? If I have to, I just delete old version and execute the new one?

Thanks

https://mega.co.nz/#F!J1xmgAyC!cnaqdxHALLMGiS0hTPrhAg - all versions