Author

Topic: NXT :: descendant of Bitcoin - Updated Information - page 2225. (Read 2761632 times)

legendary
Activity: 2142
Merit: 1010
Newbie
Will these tag be arbitrarily generated in the system and we bid for them....or we can generate any tags we wish?

The same as with Alias System. Good ole squatting.

Edit: Asset names limited to 3-10 chars only. So their number is much lower than number of aliases which can be up to 100 chars long.
legendary
Activity: 2142
Merit: 1010
Newbie
Will it work by increasing the parameter pullThreshold/pushThreshold to 100?

This works for outbound requests only. Zombies force large outbound responses.
sr. member
Activity: 644
Merit: 250
@2Kool4Skewl,

please edit the first post as creator of the thread and say something about the need to create a public node if people want to use NXT. It's important to underline the significance of this to make sure NXT users set up the VPS node at the same time they buy their first NXTs, and the significance of the network and that NXTs aren't worth much without investing into infrastructure. Can link to my signature post on how to set up a VPS.

Done
legendary
Activity: 2142
Merit: 1010
Newbie
Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD" Cheesy

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

Yes. Registering an asset means that u reserve its tag, like MSFT for Microsoft.

Does this mean there will only be one gateway for BTC on the decentralized exchange or will other issuers just have to use "BTC2", "BTC3", etc?

U can register assets "2K4Sbtc", "2K4Susd", "2K4Sslaves"...
legendary
Activity: 2142
Merit: 1010
Newbie
This will smooth out the distribution process. By spring-summer time coins will be well distributed.

Let's just mix balances on the accounts? Or do a round-robin shift?

Just kidding.
hero member
Activity: 492
Merit: 500

I would feel better from currency where the coins are distributed fairly.

You can not have a fair distribution of a limited supply. Forget about it. People with more resources will ALWAYS get more of something they want. One way or the other. It's just the way it is. With everything in this world. Maybe Nxt could have initial funding last longer bringing it to more people but  competition is/was under way so I guess things were hurried. What is done is done.

If 1 billion Nxt was distributed freely to all guess what would happen? Few would get the most. If not on start then they would buy it cheap on exchanges.

One more very important thing to mention. People value more what they pay for.

No, I do not think so.

Bitcoin has advantage in this.

Even you are 5 years late to the start, you still can buy ASIC.

Why 73 people would give anyone else a substantial coins amount?

If you buy huge amount of NXT, you can try to forge, by this action you try to support them.
Allowing them to be richer.

But it is like allowing this 73 to be richer from air.

People like challenges, that it is why Bitcoin has success.

Just buying NXT in ASAP does not give so long challenge as playing with mining hardware.

It feels more like pyramid game.


How much would you need to shell out for ASIC today to mine anything in bitcoin? A lot. And then some guy with access to cheap new ASIC hardware will beat you before your expensive ASIC even gets in your hands.

Just these days coins are moving from original address: https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX.
That is 400.000 bitcoins. Mined with CPU only. My guess is he/she/they are moving to buy Nxt  Cheesy

Thank you for mentioning pyramid. They've been calling bitcoin a pyramid since start.

BTW. 25% of Nxt has already been traded and I think it is now impossible for distribution to stop because of hoarding.

 
legendary
Activity: 2184
Merit: 1000
Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD" Cheesy

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

Yes. Registering an asset means that u reserve its tag, like MSFT for Microsoft.

Will these tag be arbitrarily generated in the system and we bid for them....or we can generate any tags we wish?


member
Activity: 98
Merit: 10
My public node worked well for several hours and didn't crashed down.

Run Nxt client with "java -Xms1200m -Xmx1500m -jar start.jar". The command parameters was given by a guy in the forum, but I don't know what it means. My node has 2G RAM.


Great,

those who get stuck nodes may try these settings:

if you have a node with 512 Mb RAM:
nohup java -Xms450m -Xmx480m -jar start.jar &

if you have a node with 1 GB RAM:
nohup java -Xms700m -Xmx900m -jar start.jar &

if you have a node with 2 GB RAM:
nohup java -Xms1200m -Xmx1500m -jar start.jar &
or
nohup java -Xms1500m -Xmx1800m -jar start.jar &


I updated my Setup public node and Restart stuck node guides in the signature.
legendary
Activity: 2142
Merit: 1010
Newbie
If the large hallmarked accounts like Dgex's set their pullThreshold and pushThreshold to 100, do you think that would improve network stability?  The zombies would have to pay more to attack the network and therefore it would reduce zombie activity on the networks major nodes.

Currently hallmark works only for outbound requests. If thresholds set to 100 then Dgex will send its transactions only to nodes with 100+ weight. It's faster but less reliable.
member
Activity: 70
Merit: 10
Maybe the solution is this:

If you hallmark your node, you only communicate with hallmarked nodes and these hallmarked nodes are prioritized by balance.  A hallmarked node could change a setting to allow communication with non-hallmarked nodes if they believe they can handle the requests.  Maybe connections to non-hallmarked nodes could be throttled to 25% of your bandwidth.  The hallmark node could enter their in/out bandwidth manually.

If you do not hallmark your node, you communicate only with other non-hallmarked nodes and those hallmarked nodes which allow it.

pullThreshold and pushThreshold set to 1 will prevent communication with non-hallmarked nodes (for outbound requests).

If the large hallmarked accounts like Dgex's set their pullThreshold and pushThreshold to 100, do you think that would improve network stability?  The zombies would have to pay more to attack the network and therefore it would reduce zombie activity on the networks major nodes.

Will it work by increasing the parameter pullThreshold/pushThreshold to 100?
sr. member
Activity: 644
Merit: 250
Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD" Cheesy

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

Yes. Registering an asset means that u reserve its tag, like MSFT for Microsoft.

Does this mean there will only be one gateway for BTC on the decentralized exchange or will other issuers just have to use "BTC2", "BTC3", etc?
member
Activity: 70
Merit: 10
My public node worked well for several hours and didn't crashed down.

Run Nxt client with "java -Xms1200m -Xmx1500m -jar start.jar". The command parameters was given by a guy in the forum, but I don't know what it means. My node has 2G RAM.
legendary
Activity: 1806
Merit: 1001

Even you are 5 years late to the start, you still can buy ASIC.


If you spend $5000 on ASIC now and receive it in March you'll barely make 5 BTC, which will give you 0.0000005% of all BTC market.

If you buy Nxt for $5000 you'll get 167000 Nxt which is 0.017% of all market.

Compare the numbers and do the right choice.



member
Activity: 98
Merit: 10
How will you ask 73 people to be able to start to waste (distribute) their coins?

Don't worry, the network will stay under DDOS attack for a long time,
people can't use NXT easily due to that, large holders of coins will sell them because the price will be falling.

This will smooth out the distribution process. By spring-summer time coins will be well distributed.
nov
sr. member
Activity: 433
Merit: 251
Independent crypto developer
How will you ask 73 people to be able to start to waste (distribute) their coins?

Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD" Cheesy

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

Yes. Registering an asset means that u reserve its tag, like MSFT for Microsoft.
member
Activity: 98
Merit: 10
@2Kool4Skewl,

please edit the first post as creator of the thread and say something about the need to create a public node if people want to use NXT. It's important to underline the significance of this to make sure NXT users set up the VPS node at the same time they buy their first NXTs, and the significance of the network and that NXTs aren't worth much without investing into infrastructure. Can link to my signature post on how to set up a VPS.
legendary
Activity: 2142
Merit: 1010
Newbie
Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD" Cheesy

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

Yes. Registering an asset means that u reserve its tag, like MSFT for Microsoft.
sr. member
Activity: 644
Merit: 250
Maybe the solution is this:

If you hallmark your node, you only communicate with hallmarked nodes and these hallmarked nodes are prioritized by balance.  A hallmarked node could change a setting to allow communication with non-hallmarked nodes if they believe they can handle the requests.  Maybe connections to non-hallmarked nodes could be throttled to 25% of your bandwidth.  The hallmark node could enter their in/out bandwidth manually.

If you do not hallmark your node, you communicate only with other non-hallmarked nodes and those hallmarked nodes which allow it.

pullThreshold and pushThreshold set to 1 will prevent communication with non-hallmarked nodes (for outbound requests).

If the large hallmarked accounts like Dgex's set their pullThreshold and pushThreshold to 100, do you think that would improve network stability?  The zombies would have to pay more to attack the network and therefore it would reduce zombie activity on the networks major nodes.
full member
Activity: 238
Merit: 100
well ive had enough, going down for the night..
nov
sr. member
Activity: 433
Merit: 251
Independent crypto developer
No, I do not think so.

Bitcoin has advantage in this.

Even you are 5 years late to the start, you still can buy ASIC.

Why 73 people would give anyone else a substantial coins amount?

If you buy huge amount of NXT, you can try to forge, by this action you try to support them.
Allowing them to be richer.

But it is like allowing this 73 to be richer from air.

People like challenges, that it is why Bitcoin has success.

Just buying NXT in ASAP does not give so long challenge as playing with mining hardware.

It feels more like pyramid game.

We will see, market will tell us.

But I do not think it is wise to buy something what others had printed and has in billions.

Looks to very similar to Ripple coin, although NXT is improvement to Ripple .

Do people like Ripple?

For a currency to exist, someone has to generate it. I don't like ripple because they were all initially produced and owned by Ripple Labs, a private organization, whereas the public offer for nxt was open for a month, and was just that... public. It's not just some insiders who hold large amounts of nxt, we all had the chance to invest.

NXT is becoming more distributed by the day, the amount of trades on dgex is growing. When decentralized exchange is in place, it will even get better.


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