NXT :: descendant of Bitcoin - Updated Information - page 2360.

landomata

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Quote from: 2Kool4Skewl on December 19, 2013, 04:05:42 AM

Quote from: landomata on December 19, 2013, 03:49:48 AM

Quote from: Come-from-Beyond on December 19, 2013, 03:41:06 AM

Quote from: landomata on December 19, 2013, 03:37:07 AM

The system has to safeguard customers fiats ....that control should not be in the hands of individual node operator/owners....a person can have a good reputation and still run away with a large amount of fiat at the right time.

lets remove this possibility entirely.

...by eradicating all the fiat.

So how will people be able to trade on the Nxt Asset Exchange if they don;t have Nxt.....and to obtain Nxt they would need to buy them with fiat thru the Nxt Asset Exchange itself....so there will be a point where Fiat/Nxt will have to be exchanged at particular points in the system.

or I think you mean that Nxt will be the only medium used on the Nxt Asset Exchange...NO FIAT pricing anywhere in the system.

you can enter the Nxt AEX and buy a house, car, alias or gold...whatever and pay in Nxt via this 24/7 Global decentralized marketplace.

You can always trade Nxt for goods and services without converting to fiat or other cryptocurrencies. Nxt's decentralized marketplace/auction will help facilitate this exchange. There will also be gateways operated by individuals that issue fiat or cryptocurrency IOUs and these can be traded in a decentralized manner.

isn;'t Fiat just an IOU Grin

2Kool4Skewl

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Quote from: landomata on December 19, 2013, 03:49:48 AM

Quote from: Come-from-Beyond on December 19, 2013, 03:41:06 AM

Quote from: landomata on December 19, 2013, 03:37:07 AM

The system has to safeguard customers fiats ....that control should not be in the hands of individual node operator/owners....a person can have a good reputation and still run away with a large amount of fiat at the right time.

lets remove this possibility entirely.

...by eradicating all the fiat.

So how will people be able to trade on the Nxt Asset Exchange if they don;t have Nxt.....and to obtain Nxt they would need to buy them with fiat thru the Nxt Asset Exchange itself....so there will be a point where Fiat/Nxt will have to be exchanged at particular points in the system.

or I think you mean that Nxt will be the only medium used on the Nxt Asset Exchange...NO FIAT pricing anywhere in the system.

you can enter the Nxt AEX and buy a house, car, alias or gold...whatever and pay in Nxt via this 24/7 Global decentralized marketplace.

You can always trade Nxt for goods and services without converting to fiat or other cryptocurrencies. Nxt's decentralized marketplace/auction will help facilitate this exchange. There will also be gateways operated by individuals that issue fiat or cryptocurrency IOUs and these can be traded in a decentralized manner.

landomata

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Activity: 2184

Merit: 1000

Quote from: Come-from-Beyond on December 19, 2013, 03:41:06 AM

Quote from: landomata on December 19, 2013, 03:37:07 AM

The system has to safeguard customers fiats ....that control should not be in the hands of individual node operator/owners....a person can have a good reputation and still run away with a large amount of fiat at the right time.

lets remove this possibility entirely.

...by eradicating all the fiat.

So how will people be able to trade on the Nxt Asset Exchange if they don;t have Nxt.....and to obtain Nxt they would need to buy them with fiat thru the Nxt Asset Exchange itself....so there will be a point where Fiat/Nxt will have to be exchanged at particular points in the system.

or I think you mean that Nxt will be the only medium used on the Nxt Asset Exchange...NO FIAT pricing anywhere in the system.

you can enter the Nxt AEX and buy a house, car, alias or gold...whatever and pay in Nxt via this 24/7 Global decentralized marketplace.

Come-from-Beyond

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Activity: 2142

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Newbie

http://coinmarketcap.com/ shows incorrect number of coins. It's 999'997'987 now.

Come-from-Beyond

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Quote from: landomata on December 19, 2013, 03:37:07 AM

The system has to safeguard customers fiats ....that control should not be in the hands of individual node operator/owners....a person can have a good reputation and still run away with a large amount of fiat at the right time.

lets remove this possibility entirely.

...by eradicating all the fiat.

landomata

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Activity: 2184

Merit: 1000

Quote from: Come-from-Beyond on December 19, 2013, 03:22:11 AM

Quote from: landomata on December 19, 2013, 03:15:07 AM

can this be coded in??

Yes.

The system has to safeguard customers fiats ....that control should not be in the hands of individual node operator/owners....a person can have a good reputation and still run away with a large amount of fiat at the right time.

lets remove this possibility entirely.

Come-from-Beyond

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Quote from: ?? on ??

No, I never bothered to look if my connection appeared in the Active Peers list and was wondering if you only see other peers.

Only other peers.

Come-from-Beyond

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Quote from: abctc on December 19, 2013, 03:19:49 AM

Hope BCNext will change his mind regarding browser client.

No, he chose a "decentralized" way. Till April we r working on core and others r working on clients for different platforms. In April all source codes r planned to be published. U, guys, should think how u will be adding new features in 4 months, coz I'm going to move to other projects, I will be only explaining what different pieces of my code do.

Come-from-Beyond

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Quote from: landomata on December 19, 2013, 03:15:07 AM

can this be coded in??

Yes.

Come-from-Beyond

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Quote from: 2Kool4Skewl on December 19, 2013, 03:12:30 AM

Initially, we will be registering aliases to Nxt account numbers. How will we then redirect our existing aliases to IPs?

We will be registering aliases to anything.

abctc

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Quote from: Come-from-Beyond on December 19, 2013, 03:08:21 AM

... planning to get rid of the interface completely.

- very sad.

The browser (https) access and the absence of stand-alone client is the most distinguishing (and attractive) feature of Nxt.

The browser access successfully works on smartphones right now.

Hope BCNext will change his mind regarding browser client.

Come-from-Beyond

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Quote from: ?? on ??

Are we supposed to see our IP in the Active Peers list or just other peers? Also, what will it show if one is behind a VPN?

...I have it running a while now, but never bothered to ask... thnx

Sorry, I don't get ur question. Is it about requests to Alias System?

Come-from-Beyond

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Quote from: wesleyh on December 19, 2013, 03:11:38 AM

Will these be special, trusted nodes? If not, how can we be sure they do not return fake results?

These will be hallmarked nodes. Later data returned by such nodes will be signed with their account public keys. It's very easy to validate the returned data and penalize incorrectly responding nodes.

landomata

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Quote from: laowai80 on December 19, 2013, 02:49:55 AM

Quote from: mcjavar on December 19, 2013, 02:42:39 AM

Ok, so if the issuer just disappers with your fiat, you can do nothing about it, right?

Well, the centralized unregulated exchange (which is most of them right now) can always disappear too.

The difference is, when you have few centralized exchanges, they are easy to shut down.

When you have decentralized individuals, nobody can shut them down, except they can disappear on their own, just like centralized unregulated exchanges can do the same when they think they got enough and it's time to go to a beach

but then I am sure there has to be some sort of reputation system in place, that allows to record feedback about a certain participant, like on ebay for example.

Those with higher reputation can charge higher fees....this way there will be an incentive to not cheat....if you are trusted them you charge more for your service.

or there can be a time factor included....as a specific node cannot withdraw funds for a certain amount of time or till the transaction is complete....can this be coded in??

2Kool4Skewl

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Activity: 644

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Quote from: wesleyh on December 19, 2013, 03:11:38 AM

Quote from: Come-from-Beyond on December 19, 2013, 02:59:25 AM

Quote from: 2Kool4Skewl on December 19, 2013, 02:53:11 AM

Come-from-Beyond, can you explain how the DNS system will work for Nxt websites?

Scenario 1 (requires plugin):
1. User types an alias into a browser URL field.
2. Browser connects to Nxt nodes (private or public) and gets corresponding URI value to redirect the user to.

Scenario 2 (doesn't require plugin):
1. User loads a webpage.
2. JS-script scans the page and gets all nxt-links.
3. It sends a request to Nxt nodes and gets corresponding URI values to replace nxt-links with.

Will these be special, trusted nodes? If not, how can we be sure they do not return fake results?

I believe the link will be stored in the block chain.

2Kool4Skewl

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Activity: 644

Merit: 250

Quote from: Come-from-Beyond on December 19, 2013, 02:59:25 AM

Quote from: 2Kool4Skewl on December 19, 2013, 02:53:11 AM

Come-from-Beyond, can you explain how the DNS system will work for Nxt websites?

Scenario 1 (requires plugin):
1. User types an alias into a browser URL field.
2. Browser connects to Nxt nodes (private or public) and gets corresponding URI value to redirect the user to.

Scenario 2 (doesn't require plugin):
1. User loads a webpage.
2. JS-script scans the page and gets all nxt-links.
3. It sends a request to Nxt nodes and gets corresponding URI values to replace nxt-links with.

Initially, we will be registering aliases to Nxt account numbers. How will we then redirect our existing aliases to IPs?

wesleyh

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Activity: 308

Merit: 250

Quote from: Come-from-Beyond on December 19, 2013, 02:59:25 AM

Quote from: 2Kool4Skewl on December 19, 2013, 02:53:11 AM

Come-from-Beyond, can you explain how the DNS system will work for Nxt websites?

Scenario 1 (requires plugin):
1. User types an alias into a browser URL field.
2. Browser connects to Nxt nodes (private or public) and gets corresponding URI value to redirect the user to.

Scenario 2 (doesn't require plugin):
1. User loads a webpage.
2. JS-script scans the page and gets all nxt-links.
3. It sends a request to Nxt nodes and gets corresponding URI values to replace nxt-links with.

Will these be special, trusted nodes? If not, how can we be sure they do not return fake results?

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: laowai80 on December 19, 2013, 03:05:27 AM

Why do some nodes on the network have "NRS (?)" instead of the version number?

Interface bug. We don't fix interface bugs coz r planning to get rid of the interface completely.

laowai80

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Why do some nodes on the network have "NRS (?)" instead of the version number?

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: 2Kool4Skewl on December 19, 2013, 02:53:11 AM

Come-from-Beyond, can you explain how the DNS system will work for Nxt websites?

Scenario 1 (requires plugin):
1. User types an alias into a browser URL field.
2. Browser connects to Nxt nodes (private or public) and gets corresponding URI value to redirect the user to.

Scenario 2 (doesn't require plugin):
1. User loads a webpage.
2. JS-script scans the page and gets all nxt-links.
3. It sends a request to Nxt nodes and gets corresponding URI values to replace nxt-links with.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 2360. (Read 2761626 times)