NXT :: descendant of Bitcoin - Updated Information - page 2362.

2Kool4Skewl

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Activity: 644

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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.

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Quote from: salsacz on December 18, 2013, 08:06:31 PM

Quote from: Anon136 on December 18, 2013, 07:52:32 PM

Ok so basically the more NXT you have the better your chance of winning the right to author the next block right? Its sort of like a lottery and every unit of currency is a ticket, or an entry into that lottery. do i have that right?

more Nxt - sooner win. But gained amount is also different - rich people get more than poor users...

The more coins you have the more blocks you will generate, but the amount you get per block is dependent on the transaction fees included in the block.

pandaisftw

full member

Activity: 224

Merit: 100

Quote from: salsacz on December 18, 2013, 08:06:31 PM

Quote from: Anon136 on December 18, 2013, 07:52:32 PM

Ok so basically the more NXT you have the better your chance of winning the right to author the next block right? Its sort of like a lottery and every unit of currency is a ticket, or an entry into that lottery. do i have that right?

more Nxt - sooner win. But gained amount is also different - rich people get more than poor users...

I'd say that is not true. Everyone gets the same chance based upon the amount of coins they own. It's a linear relationship.

Mogly

member

Activity: 91

Merit: 10

Quote from: salsacz on December 18, 2013, 08:23:45 PM

From Wiki:
To exchange cryptocoins right now, you have to sign up for an account on a centralized platform such as Cryptsy/BTC-E/Bter/etc, transfer coins to them and then pay them for transactions. This brings in a large concern: it’s possible that the exchange could just bail with everyone's deposits. This recently happened when the Sheep Marketplace did just that with 96,000 bitcoins. The developers of Nxt are developing a peer-peer exchange into the software to allow for decentralized trading which will eliminate this trust point. It will also eliminate trading fees! Obviously this is all still completely secure and anonymous as are current bitcoin transactions.

Or you can look at the video, 0:56:

http://www.youtube.com/watch?v=zALTChPsXhQ

Thank you, but, I still don't understand how they are going to achieve that Huh

Something Ripple style with the gateways problem?

salsacz

hero member

Activity: 490

Merit: 504

From Wiki:
To exchange cryptocoins right now, you have to sign up for an account on a centralized platform such as Cryptsy/BTC-E/Bter/etc, transfer coins to them and then pay them for transactions. This brings in a large concern: it’s possible that the exchange could just bail with everyone's deposits. This recently happened when the Sheep Marketplace did just that with 96,000 bitcoins. The developers of Nxt are developing a peer-peer exchange into the software to allow for decentralized trading which will eliminate this trust point. It will also eliminate trading fees! Obviously this is all still completely secure and anonymous as are current bitcoin transactions.

Or you can look at the video, 0:56:

http://www.youtube.com/watch?v=zALTChPsXhQ

Mogly

member

Activity: 91

Merit: 10

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

salsacz

hero member

Activity: 490

Merit: 504

***

In last days I am trying to create useful lists of tasks and people... Orientation is really needed

1. Here is a topic about Nxt team with gdoc, where you can sign up to the team:
https://nextcoin.org/index.php/topic,793.0.html

2. Here is updated Todo list (short / long therm Priorities):
https://nextcoin.org/index.php/topic,17.msg6721.html#msg6721

- there are some updates from forums, from gdoc and also I added some entries by spying peercoin volunteers group

I think that if anyone wants to help with the project, he should start here

***

salsacz

hero member

Activity: 490

Merit: 504

Quote from: Anon136 on December 18, 2013, 07:52:32 PM

Ok so basically the more NXT you have the better your chance of winning the right to author the next block right? Its sort of like a lottery and every unit of currency is a ticket, or an entry into that lottery. do i have that right?

more Nxt - sooner win. But gained amount is also different - rich people get more than poor users...

Passion_ltc

hero member

Activity: 714

Merit: 500

Crypti Community Manager

Hey guys,

I created www.coinarea.net yesterday and am looking for feedback. Please via e-mail, PM or in the official thread on nextcoin.org!

I'm also currently working on a faucet, here is the first picture of it!

More features are in the pipeline! Have fun and thank you.

Anon136

legendary

Activity: 1722

Merit: 1217

Ok so basically the more NXT you have the better your chance of winning the right to author the next block right? Its sort of like a lottery and every unit of currency is a ticket, or an entry into that lottery. do i have that right?

salsacz

hero member

Activity: 490

Merit: 504

Quote from: laowai80 on December 18, 2013, 03:12:02 PM

Quote from: xchrix on December 18, 2013, 03:02:52 PM

nice NXT video!! i have embedded it on cryptocoincharts Wink

Cool video, except the 'built-in deflation' disadvantage of bitcoin, which may not be looked upon as disadvantage at all, but a feature, is also present in NXT, and even more so, because the money supply is stable, whereas in bitcoin it is slowly, but growing. So, I'd remove that disadvantage of bitcoin from the list. One of the good things about cryptos is that they don't allow for arbitrary 'printing' of them like fiat currencies do, and that is a big advantage. If someone wants an inflationary currency, they can just use fiat.

OK, I will remove that. If anyone has any other comments for my videos:

NXT:
http://www.youtube.com/watch?v=zALTChPsXhQ

How to mine NXT:
http://www.youtube.com/watch?v=w1FTzBjy_8Q

I can update them

salsacz

hero member

Activity: 490

Merit: 504

Quote from: xchrix on December 18, 2013, 03:02:52 PM

nice NXT video!! i have embedded it on cryptocoincharts Wink

http://www.cryptocoincharts.info/v2/coins/show/nxt

orderbook from dgex would be fine. then the info site will look finished

Thank you Chris

joefox

full member

Activity: 210

Merit: 100

Quote from: wesleyh on December 18, 2013, 03:19:30 PM

Still need some people to test the auto-update feature of my easy to install mac client app, for more info see here: https://nextcoin.org/index.php/topic,708.0.html

Just tested, wesley -- worked beautifully on Mavericks, auto-updating from 0.3.19 to 0.3.20!

klee

legendary

Activity: 1498

Merit: 1000

Quote from: ?? on ??

Quote from: klee on December 18, 2013, 05:54:42 PM

Quote from: xchrix on December 18, 2013, 04:15:07 AM

Quote from: klee on December 17, 2013, 05:19:21 PM

Quote from: xchrix on December 17, 2013, 04:47:02 PM

just finished it. had some small troubles with the data because it was sorted in the wrong way Wink

would be nice to get a small donation in NXT. i will try to make a wallet!

http://www.cryptocoincharts.info/v2/coins/show/nxt

When you are ready with your wallet post here so we can tip you from the giveaway/bounties funds pool!

i have created an account now. number 16008972304878164491
thank you very much!!

NXT is so much more interesting than all the other coins

I just send you 20K from the Giveaway pool!
http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=18157289989313329349

buybitcoinscanada will send you 30K more.

buybitcoinscanada please quote this in your own message so I can quote all of the info in the other two threads (Bounty/Giveaway) for transparency/visibility!

30k Nxt coming your way xchrisx. Thanks for the great work!

http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=6115249086794375882

klee

legendary

Activity: 1498

Merit: 1000

Quote from: wesleyh on December 18, 2013, 08:12:34 AM

New version of the mac client now has auto-update support, whenever a new version of the nxt client comes out you will be notified and asked to update. The app checks for a new version on start, and also once a day if you keep it running forever.

Download here: https://copy.com/Gd4AMCJjdJ3l

Now I need some people to test if the auto-update really works (as it does on my system), so you can download a version here which has the nxt 0.3.19 client included. After startup it should ask you to update.

https://copy.com/MeTLJy7zhiM1

Btw, you will now get a "loading blocks" message on first start. This ensures that blocks.nxt and other files are created and you do not see zero balances. This is only on first load of the app and if you haven't started the app in a week or more.

Donations are appreciated, put a lot of time in to this. Only 3 donations so far. Thanks to those that did donate :-) (Nxt id in my signature)

PS: Right click the application, then choose "open" if you get a security warning, this is normal - because the application is not yet signed.

PS2: Make sure any other java server is not running any more before starting this app.

More info: https://nextcoin.org/index.php/topic,708.msg5475.html

10K to you from the giveaway fund but after I test it (Mavericks) tomorrow, hope you don't mind!

klee

legendary

Activity: 1498

Merit: 1000

Quote from: xchrix on December 18, 2013, 04:15:07 AM

Quote from: klee on December 17, 2013, 05:19:21 PM

Quote from: xchrix on December 17, 2013, 04:47:02 PM

just finished it. had some small troubles with the data because it was sorted in the wrong way Wink

would be nice to get a small donation in NXT. i will try to make a wallet!

http://www.cryptocoincharts.info/v2/coins/show/nxt

When you are ready with your wallet post here so we can tip you from the giveaway/bounties funds pool!

i have created an account now. number 16008972304878164491
thank you very much!!

NXT is so much more interesting than all the other coins

I just send you 20K from the Giveaway pool!
http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=18157289989313329349

buybitcoinscanada will send you 30K more.

buybitcoinscanada please quote this in your own message so I can quote all of the info in the other two threads (Bounty/Giveaway) for transparency/visibility!

wesleyh

sr. member

Activity: 308

Merit: 250

Still need some people to test the auto-update feature of my easy to install mac client app, for more info see here: https://nextcoin.org/index.php/topic,708.0.html

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: Bitventurer on December 18, 2013, 03:11:52 PM

wow , so I just tip in the browser a word , ex.: books , and this will be the alias? ... (and if the user wil have the plugin instaled it will be redirected to the site the alias is pointed to) - correct ?

U have to add "nxt:" in front of "books".

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: wesleyh on December 18, 2013, 03:07:49 PM

I's the domain name going to be resolved via an api call or something? I'd love to make a browser extension. Does this mean that people that want to use the domain need to have the nxt software on at all times?

If they type alias in a browser then they do need a plugin that can connect to any public/private node. If an alias is used on a webpage, then JavaScript can do all the work.

laowai80

member

Activity: 98

Merit: 10

Quote from: xchrix on December 18, 2013, 03:02:52 PM

nice NXT video!! i have embedded it on cryptocoincharts Wink

Cool video, except the 'built-in deflation' disadvantage of bitcoin, which may not be looked upon as disadvantage at all, but a feature, is also present in NXT, and even more so, because the money supply is stable, whereas in bitcoin it is slowly, but growing. So, I'd remove that disadvantage of bitcoin from the list. One of the good things about cryptos is that they don't allow for arbitrary 'printing' of them like fiat currencies do, and that is a big advantage. If someone wants an inflationary currency, they can just use fiat.

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