Topic: NXT :: descendant of Bitcoin - Updated Information - page 2221. (Read 2761629 times)

I start the client from the scratch. And here is where I am stuck.

23642      4986291754133470191      12/24/2013 5:47:59 AM   
200      258'300 + 218      28'488 B   
1      184310077466507214      470 %

No block get created in the last 15 minutes.

No. Even non-marked vps helps a lot.

Yes. Give us more info plz.

So CfB, do you confirm that now NOT-hallmarked vps are useless (and could be negative) ?

I don't propose. I just say obvious things. Sorry if u overlooked them. The same problem exists in Bitcoin world. 51% of miners may refuse to process ur transactions effectively "destroying" them.

Did you ever sell your Bitcoin/ Nxt to a stranger asking to pay you by PayPal ? In the last couple of days, quite a number of people offered me a good dollar price for Nxt. They could only pay by Paypal since they can get Bitcoin easily. I refused most of them as you all know the risk that Paypal can reverse the transaction at will up to 30 days.

I think that's sensible decision since I cannot trust these strangers to negate his words and ask Paypal to reverse the transaction. In this case a lack of trust has destroy a market transaction opportunity.
It would also apply in the future Nxt asset exchange, the lack of trust would destroy all market transaction. So to make the market works, we have to have the trust. Trust in the buyers is easier since Nxt transaction is non-reversible. But trust in the asset issuers need to be established. And one way to do it is to create a mechanism in which who breaks the trust will be punished. When an IOU is issued, that is a promise/ a social contract is being written. An issuer who breaks his social contract should have consequences. The loss of reputation is one consequence. There can be more mechanism designed by the community.

Here I want to point out the need to force the asset issuer to announce a clear social contract attached to his asset before the issuance. That social contract should be announced in public such as in a dedicated sub-forum of Nxt community. The social contract should clearly point out why such asset having a value and What are the responsibilities of the issuers to the assets. We can compile and publish a common form that all asset issuers are advised to follow. There should be a period of Q&A which happens after the announcement of asset issuance and before the actual listing of the asset.

This also implicates that  the existence of the asset exchange associates with the existence of a public forum in which all the assets being announced, documented at least in the first phase of asset issuance.  

We need to test on all these issues before the actual launch of the exchange and all the name tag squatting.

or 501,000,000 Nxt....I love it!....that will keep em in line

the fundraiser ended a month ago, dont send any more coins to that address!

the only way to get nxt now is to find someone selling them

Is there Nxt support I can consult on this matter?

No, Come-from-Beyond, there are limits in a democracy (thats why there is a constitution).
I don't think it's really a big problem for a small account but I still don't like it.

So we are back to the current shitty state of things?!
In my opinion is not good what are you proposing.

In this way you will replicate the current rotten
fraction reserve fiat system into NXT.

Except from the "inflation" what would be
the difference then between NXT
and the current financial system we have.?


Don't forget that today who has money has power
and can impose laws on others
an limit individual freedom.

Will NXT take the same path?

No. 51% of all coins required for that. This is good old democracy.

Ok, I need help.

I followed the instructions from the previous thread:

So I've sent small amount of BTC to 1BCN1ugdKdWd9pQ8Am9hMhtHZfmbXzxE8a with message based on step 3. Now that I unlocked my account I don't see any Nxt on it.

Following the instructions, my transaction message was hash of hash of my secret phrase. Why don't I get my NxtCoins yet? Is there any reason to worry?

Does that mean, that an account with many coins can ruin me (I lose all my coins) just because he wants to see me suffer

@all

Don't use digitalocean. $10 per month for what??






My money are coming to credit card (1 day required). I'll set up some of them. Now you can use http://54.249.101.252:7874/
Tips are welcome @ 2345678935869777788

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From this list alone, we've deployed 400K in VPS infrastructure so far. Other founders are encouraged to donate directly to front line warriors and consolidate their contributions in the ledger above.

If you plan to contribute to the common fund, please use this address: 14122495560166494500 and not rely on the address in the ledger. Please note that the file was created by another user and is publicly editable. I cannot be responsible for its accuracy, although I am set up to receive notification when it is edited.

Yes

how will that be counted ? who has more coins has more voting power ?

WOT?

The haters should recall all people who were punished for their crimes against the society. There is no difference.