NXT :: descendant of Bitcoin - Updated Information - page 2361.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

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 exchange 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.

Currency exchange is a little part of Nxt Asset Exchange. In the future this part will become obsolete (why do we need other currencies?)

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

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

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

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

Quote from: 2Kool4Skewl on December 18, 2013, 10:02:21 PM

Quote from: Mogly on December 18, 2013, 08:20:29 PM

Hi, can anyone explain to me how it's supossed to work the descentraliced exchange?

I believe it will work like this. There will be gateways for different currencies (crypto or fiat). You send your currency to this gateway. The gateway then issues the asset on the Nxt network via colored coins. That asset is then transferable on Nxt. You can have many different issuers of the same currency. All these currencies will then be able to be traded in a decentralized manner. To redeem your currency, you send it back to the asset issuer and they send you the crypto or the fiat.

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

Correct

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: OKNXT on December 19, 2013, 01:03:28 AM

We brand "OKNXT" try to promote Nxt via different means, including video tutorial subtitle contribution, weibo post and any other way. http://weibo.com/oknxt

Here we go: Chinese subtitle added into the "how to generate Nxt password" video. Acknowdgement to the original video creator.
http://v.youku.com/v_show/id_XNjUwMjIxODc2.html

We are working more on the way.

very smart move thank you

Pin

laowai80

member

Activity: 98

Merit: 10

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.

mcjavar

hero member

Activity: 784

Merit: 500

Quote from: 2Kool4Skewl on December 18, 2013, 10:02:21 PM

Quote from: Mogly on December 18, 2013, 08:20:29 PM

Hi, can anyone explain to me how it's supossed to work the descentraliced exchange?

I believe it will work like this. There will be gateways for different currencies (crypto or fiat). You send your currency to this gateway. The gateway then issues the asset on the Nxt network via colored coins. That asset is then transferable on Nxt. You can have many different issuers of the same currency. All these currencies will then be able to be traded in a decentralized manner. To redeem your currency, you send it back to the asset issuer and they send you the crypto or the fiat.

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

abctc

legendary

Activity: 1806

Merit: 1038

Quote from: joefox on December 18, 2013, 11:32:43 PM

I have completely re-organized and moved the Nxt Wiki to

http://nxtcrypto.wikia.com/wiki/
...
I'm quite happy with the new setup and my goal is for the wiki to be THE definitive source of Nxt information!

- thank you for all your Wiki efforts ! have changed a link at the local Nxt thread.

joefox

full member

Activity: 210

Merit: 100

Quote from: opticalcarrier on December 19, 2013, 12:36:03 AM

it looks like you have used content from my article, please note its been updated with transparent mining https://bitcointalksearch.org/topic/m.3980304

Thanks for that! Yes, I have an Evernote folder full of little tidbits (like that) that I need to update the wiki with, but I thought tonight would be about reorganizing (except for a couple of I-can-resist FAQ additions about the alias system) and tomorrow will be the time to get the content updated

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: dzarmush on December 19, 2013, 12:06:30 AM

What happens if you buy an alias which has been bought by someone else before? The same as with regular transaction and 2 Nxt just return to your account after 24 hours?

Such a transaction won't be confirmed, thus its fee won't be charged.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: 2Kool4Skewl on December 18, 2013, 10:13:11 PM

Quote from: opticalcarrier on December 18, 2013, 10:08:46 PM

Will we be given any advance notice of when the alias system will be implemented in a new client? dont want to miss my choice of names..

I believe it's starting tomorrow, but I don't know what time.

Tomorrow we'll have a new version that supports Alias system, but ability to assign aliases will be auto-enabled only after, say, block 22000. U will have a few more days to study how to assign aliases via simple HTTP requests. Unfortunatelly, old client doesn't support aliases.

OKNXT

member

Activity: 70

Merit: 10

We brand "OKNXT" try to promote Nxt via different means, including video tutorial subtitle contribution, weibo post and any other way. http://weibo.com/oknxt

Here we go: Chinese subtitle added into the "how to generate Nxt password" video. Acknowdgement to the original video creator.
http://v.youku.com/v_show/id_XNjUwMjIxODc2.html

We are working more on the way.

opticalcarrier

full member

Activity: 238

Merit: 100

Quote from: joefox on December 18, 2013, 11:32:43 PM

I have completely re-organized and moved the Nxt Wiki to

http://nxtcrypto.wikia.com/wiki/

It was getting too big for one page (the FAQ is now a page on its own at http://nxtcrypto.wikia.com/wiki/FAQ) and the administrator for the old wiki has disappeared, making high-level changes (adding logos, menus, etc.) impossible.

This was a big change and I'm sorry for the new URL, but it had to be done!

The GOOD news is that the new structure allows me to start documenting details of the API, alias and colored coin features, etc., as information comes available. The "single page" on the old wiki was getting far too large.

I'm quite happy with the new setup and my goal is for the wiki to be THE definitive source of Nxt information!

Awesome. i was gearing up to do exactly that. it was getting way too unwieldy. it looks like you have used content from my article, please note its been updated with transparent mining https://bitcointalksearch.org/topic/m.3980304

Thanks again this was ssorely needed, hopefully someone will give you a bounty for that. ill get you a small one from the forums' fund

dzarmush

legendary

Activity: 1806

Merit: 1001

What happens if you buy an alias which has been bought by someone else before? The same as with regular transaction and 2 Nxt just return to your account after 24 hours?

joefox

full member

Activity: 210

Merit: 100

I have completely re-organized and moved the Nxt Wiki to

http://nxtcrypto.wikia.com/wiki/

It was getting too big for one page (the FAQ is now a page on its own at http://nxtcrypto.wikia.com/wiki/FAQ) and the administrator for the old wiki has disappeared, making high-level changes (adding logos, menus, etc.) impossible.

This was a big change and I'm sorry for the new URL, but it had to be done!

The GOOD news is that the new structure allows me to start documenting details of the API, alias and colored coin features, etc., as information comes available. The "single page" on the old wiki was getting far too large.

I'm quite happy with the new setup and my goal is for the wiki to be THE definitive source of Nxt information!

alrose

full member

Activity: 720

Merit: 103

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Quote from: opticalcarrier on December 18, 2013, 10:08:46 PM

Will we be given any advance notice of when the alias system will be implemented in a new client? dont want to miss my choice of names..

I believe it's starting tomorrow, but I don't know what time.

opticalcarrier

full member

Activity: 238

Merit: 100

Will we be given any advance notice of when the alias system will be implemented in a new client? dont want to miss my choice of names..

Mistafreeze

sr. member

Activity: 897

Merit: 284

The alias stuff seems like it could really, really nifty Grin

opticalcarrier

full member

Activity: 238

Merit: 100

im doing the nextcoin giveaway, giving 10NXT to all who posted in the thread... Thanks to all who donated to our board fund...

I have 13 pages of accounts begging NXT! Is there ANY way to construct a transfer of 10NXT to a list of account numbers?

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

The Alias system allows you to use an alias instead of an account number to transfer funds, but is this same alias going to be used for decentralized web hosting? If so, how is this going to work?

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