NXT :: descendant of Bitcoin - Updated Information - page 2394.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: PGPpfKkx on December 12, 2013, 01:50:04 PM

Nice analysis.

Have ppl thought that many are *trying* to run the client like me with no results?

Mine for example is not updating the blocks and my wallet still shows zero when in the block explorer is ok.

I don't have ports closed and I have downloaded the blocks. I would reeeally like to help and run the client.

I say it again as I am a java developer. Its the first time I have seen so many bugs and a release so unprofessional. BCnext should get more people developing or hire or whatever. clever idea not enough implementation.

This. I spent literally 8 hours trying to get the client to run. It doesn't. It's a complete and utter mess. Fix the client and people will use it.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Number of zombie nodes is becoming higher. We could use good old CAPTCHA for non-marked nodes, what do u think, guys?

pandaisftw

full member

Activity: 224

Merit: 100

Quote from: Come-from-Beyond on December 12, 2013, 07:09:12 AM

Quote from: pandaisftw on December 12, 2013, 06:59:50 AM

No, that's not it. I can start from genesis block or the files included with latest release, will still run into this problem when/if it "catches up..." the second time after the initial block download.

Try https://dl.dropboxusercontent.com/u/67242472/peers.nxt, it contains marked peers.

That seems to have fixed it. I will leave it running for now and report back if it happens again.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: utopianfuture on December 12, 2013, 02:58:08 PM

Quote from: Sharky444 on December 12, 2013, 01:50:11 PM

Quote from: utopianfuture on December 12, 2013, 09:19:14 AM

eMunie promise of keeping its value stable is not credible because they don't have the ability and means to do do. Since when people selling eMu en mass, they have to have a huge reserve of dollar to back the money up otherwise its price against dollar will have to fall. They won't be able to do that.

When people decide to sell eMunie on mass all creation of new coins stops right away. Also the foundation will be backed up by several million dollars to do some initial regulation to stabilize the price in the first weeks.

Quote

It has to be understood that in any market price has always been acting as a necessary signal to guide the behavior of the market participants. For example: with bitcoin market if you are holding 100 bitcoin, when the price of bitcoin raising you would be inclined to sell them to more willing buyer, but when the price falls by half, you may decide to keep them all since you evaluate that the potential of the bitcoin is higher than the bitcoin's price right now. All bitcoin market participants follow the same process using the current price as signal as if they are many ships and liners following the lighthouse to reach the shore The true price is discovered organically.
Now you don't have the price signal here so the price of eMunie is artificially kept up. This is going to be a mess

Of course you have the price signal. The fiat/emunie exchange is buildin into the system, and the system can react accordingly to stabilize the price while keeping up with demand.

Well, let's how it going to turn out. I am not going to comment more since it is a NXT thread. I am going to buy a bit of eMu to be able to witness the unfolding first hand. All I am saying is that you are not going to be able to keep the value of the money stable. That's an empty promise. It is good to experiment though since it does not cost that much to fix the software later on.

Yah the currency swings in crypto are too wild to control. emunie has cool parts to it but some of it is a dud. the devs should keep the cool bits and scrap the stuff like trying to keep the value of the money stable... that is just going to confuse the common person and look scammy. And I don't think it's going to work. Either the price will crash or the price will soar.

Forobitcoins

sr. member

Activity: 301

Merit: 250

Quote from: opticalcarrier on December 12, 2013, 02:28:46 PM

Quote from: PGPpfKkx on December 12, 2013, 01:50:04 PM

Nice analysis.

Have ppl thought that many are *trying* to run the client like me with no results?

Mine for example is not updating the blocks and my wallet still shows zero when in the block explorer is ok.

I don't have ports closed and I have downloaded the blocks. I would reeeally like to help and run the client.

I say it again as I am a java developer. Its the first time I have seen so many bugs and a release so unprofessional. BCnext should get more people developing or hire or whatever. clever idea not enough implementation.

uh. you might want to close those ports, and just keep 7874 open.

I have the same problem, which ports to close

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: Sharky444 on December 12, 2013, 01:50:11 PM

Quote from: utopianfuture on December 12, 2013, 09:19:14 AM

eMunie promise of keeping its value stable is not credible because they don't have the ability and means to do do. Since when people selling eMu en mass, they have to have a huge reserve of dollar to back the money up otherwise its price against dollar will have to fall. They won't be able to do that.

When people decide to sell eMunie on mass all creation of new coins stops right away. Also the foundation will be backed up by several million dollars to do some initial regulation to stabilize the price in the first weeks.

Quote

It has to be understood that in any market price has always been acting as a necessary signal to guide the behavior of the market participants. For example: with bitcoin market if you are holding 100 bitcoin, when the price of bitcoin raising you would be inclined to sell them to more willing buyer, but when the price falls by half, you may decide to keep them all since you evaluate that the potential of the bitcoin is higher than the bitcoin's price right now. All bitcoin market participants follow the same process using the current price as signal as if they are many ships and liners following the lighthouse to reach the shore The true price is discovered organically.
Now you don't have the price signal here so the price of eMunie is artificially kept up. This is going to be a mess

Of course you have the price signal. The fiat/emunie exchange is buildin into the system, and the system can react accordingly to stabilize the price while keeping up with demand.

Well, let's how it going to turn out. I am not going to comment more since it is a NXT thread. I am going to buy a bit of eMu to be able to witness the unfolding first hand. All I am saying is that you are not going to be able to keep the value of the money stable. That's an empty promise. It is good to experiment though since it does not cost that much to fix the software later on.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: Pablito89 on December 12, 2013, 02:27:24 PM

Why i got 1 incoming transaction (200coin) confirmed 1800 times and 0.00 balance?

This is the old balance visualization bug. Relaunch client or redownload the blockchain.

opticalcarrier

full member

Activity: 238

Merit: 100

Quote from: PGPpfKkx on December 12, 2013, 01:50:04 PM

Nice analysis.

Have ppl thought that many are *trying* to run the client like me with no results?

Mine for example is not updating the blocks and my wallet still shows zero when in the block explorer is ok.

I don't have ports closed and I have downloaded the blocks. I would reeeally like to help and run the client.

I say it again as I am a java developer. Its the first time I have seen so many bugs and a release so unprofessional. BCnext should get more people developing or hire or whatever. clever idea not enough implementation.

uh. you might want to close those ports, and just keep 7874 open.

Pablito89

full member

Activity: 378

Merit: 104

Why i got 1 incoming transaction (200coin) confirmed 1800 times and 0.00 balance?

Sharky444

hero member

Activity: 724

Merit: 500

Quote from: utopianfuture on December 12, 2013, 11:35:31 AM

I am not mistaken. Just saying trying to emulate fiat currency is a mistake. Fiat currency is a financial instrument. Financial instrument is always backed by real and tangible assets. Emunie as well as Bitcoin are not backed by anything. They are digital commodities.

Fiat is backed up by real assets? Greece alone has over 300 billion € public debt (after two cuts) backed up by rainbows and unicorns. And even with that the € becomes stronger every week.

Sharky444

hero member

Activity: 724

Merit: 500

Quote from: utopianfuture on December 12, 2013, 09:19:14 AM

eMunie promise of keeping its value stable is not credible because they don't have the ability and means to do do. Since when people selling eMu en mass, they have to have a huge reserve of dollar to back the money up otherwise its price against dollar will have to fall. They won't be able to do that.

When people decide to sell eMunie on mass all creation of new coins stops right away. Also the foundation will be backed up by several million dollars to do some initial regulation to stabilize the price in the first weeks.

Quote

It has to be understood that in any market price has always been acting as a necessary signal to guide the behavior of the market participants. For example: with bitcoin market if you are holding 100 bitcoin, when the price of bitcoin raising you would be inclined to sell them to more willing buyer, but when the price falls by half, you may decide to keep them all since you evaluate that the potential of the bitcoin is higher than the bitcoin's price right now. All bitcoin market participants follow the same process using the current price as signal as if they are many ships and liners following the lighthouse to reach the shore The true price is discovered organically.
Now you don't have the price signal here so the price of eMunie is artificially kept up. This is going to be a mess

Of course you have the price signal. The fiat/emunie exchange is buildin into the system, and the system can react accordingly to stabilize the price while keeping up with demand.

PGPpfKkx

hero member

Activity: 586

Merit: 501

Nice analysis.

Have ppl thought that many are *trying* to run the client like me with no results?

Mine for example is not updating the blocks and my wallet still shows zero when in the block explorer is ok.

I don't have ports closed and I have downloaded the blocks. I would reeeally like to help and run the client.

I say it again as I am a java developer. Its the first time I have seen so many bugs and a release so unprofessional. BCnext should get more people developing or hire or whatever. clever idea not enough implementation.

bahamapascal

hero member

Activity: 695

Merit: 500

Nxt news thread now live!
https://nextcoin.org/index.php/topic,582.0.html

So I finally opened a news thread were all the latest news and client updates will be posted, for those that don't have the time to read pages and pages on this thread to find out whats going on.
Please take a look and let me know what you think about it

laowai80

member

Activity: 98

Merit: 10

Quote from: abctc on December 12, 2013, 01:43:24 PM

Quote from: laowai80 on December 12, 2013, 12:56:47 PM

I did a test install on Centos 6 64-bit and it hangs after a few minutes.

- both of my VPSs are on Centos 6 64-bit, and they run v.0.3.18 over 24h without problems.

Yeah, got to be something local here.

abctc

legendary

Activity: 1792

Merit: 1038

Quote from: laowai80 on December 12, 2013, 12:56:47 PM

I did a test install on Centos 6 64-bit and it hangs after a few minutes.

- both of my VPSs are on Centos 6 64-bit, and they run v.0.3.18 over 24h without problems.

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: Fuserleer on December 12, 2013, 12:15:47 PM

Quote from: utopianfuture on December 12, 2013, 11:35:31 AM

Quote from: opticalcarrier on December 12, 2013, 11:07:24 AM

Quote from: utopianfuture on December 12, 2013, 10:57:29 AM

Hi just a friendly suggestion on eMunie. Don't try to be a currency. All the fancy model of dynamic supply is not going to keep eMunie stable. You will just confuse users. Be in the category that make Bitcoin a success, a digital asset and payment system.

you mistake his intent. a currency is exactly what hes going after

I am not mistaken. Just saying trying to emulate fiat currency is a mistake. Fiat currency is a financial instrument. Financial instrument is always backed by real and tangible assets. Emunie as well as Bitcoin are not backed by anything. They are digital commodities.

Please inform us all on the real & tangible assets that back fiat?

I actually tried to say back by "real and intangible assets". After Bretton Wood, some people wonder what backs the U.S$ when the gold convertibility for US$ stops. Modern currency don't need gold backing because they are backed by the government's decree to make them a legal tender and by the government's ability to impose taxes on its citizens. You could be jailed if you don't accept U.S$. It is a powerful backing I would say.
For a foreign currency to keep its relative value against $, it is backed by that countr's debt denominated in $ and the ability to export to earn $. Still, it is very costly for any country to keep a fixed exchange rate when the capital has full mobility.
Well unless, you can make a certain nation to adopt eMu, you are in dreamland if you think it could act as a currency.

opticalcarrier

full member

Activity: 238

Merit: 100

Quote from: ?? on ??

Quote from: abctc on December 12, 2013, 12:46:08 PM

Quote from: ?? on ??

I've come up with a proposed change to the mining algorithm

At the time moment the mining algorithm is not a problem. Lack of the transactions (and, subsequently, lack of the fees) is a problem. We should concentrate on a creation of a services for Nxt.

That is a logical progression of having a robust network and highly usable client. You're putting the horse before the carriage. Also, I covered some issues with fees in my proposal.

I agree. the bigges issue, as CfB stated previously, is the stakeholder sitting on their NXT and not even running a client. And then there are the ones that DO run their clients are getting 95% of the blocks.

Its a catch 22. People need to realize this. I wouldnt blame BCNxt if he just bails. It would be his failure though. Failure to account for human nature for the release. Oh well, I hope he doesnt though.

laowai80

member

Activity: 98

Merit: 10

Quote from: Come-from-Beyond on December 12, 2013, 01:19:55 PM

Quote from: laowai80 on December 12, 2013, 12:56:47 PM

Quote from: Come-from-Beyond on December 11, 2013, 09:17:21 AM

Does anyone have problems with 0.3.18 or it's only me?

I did a test install on Centos 6 64-bit and it hangs after a few minutes.

How much RAM does it have?

I was testing it on a 512 Mb vps. How much is required?

I then ran it on a debian vps, and got this error:

Code:

2013-12-12 13:24:37.434:WARN:oejs.HttpChannel:qtp255273594-56: Commit failed
java.util.concurrent.TimeoutException: Idle timeout expired: 30000/30000 ms
        at org.eclipse.jetty.io.IdleTimeout.checkIdleTimeout(IdleTimeout.java:153)
        at org.eclipse.jetty.io.IdleTimeout$1.run(IdleTimeout.java:50)
        at java.util.concurrent.Executors$RunnableAdapter.call(Executors.java:471)
        at java.util.concurrent.FutureTask$Sync.innerRun(FutureTask.java:334)
        at java.util.concurrent.FutureTask.run(FutureTask.java:166)
        at java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$201(ScheduledThreadPoolExecutor.java:178)
        at java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(ScheduledThreadPoolExecutor.java:292)
        at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1145)
        at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:615)
        at java.lang.Thread.run(Thread.java:724)
2013-12-12 13:25:07.435:WARN:oejs.ServletHandler:qtp255273594-48: /nxt
java.io.IOException: java.util.concurrent.TimeoutException: Idle timeout expired: 30000/30000 ms
        at org.eclipse.jetty.util.BlockingCallback.block(BlockingCallback.java:101)
        at org.eclipse.jetty.server.HttpChannel.write(HttpChannel.java:734)
        at org.eclipse.jetty.server.HttpOutput.write(HttpOutput.java:307)
        at java.io.OutputStream.write(OutputStream.java:75)
        at Nxt.doGet(Unknown Source)
        at javax.servlet.http.HttpServlet.service(HttpServlet.java:687)
        at javax.servlet.http.HttpServlet.service(HttpServlet.java:790)
        at org.eclipse.jetty.servlet.ServletHolder.handle(ServletHolder.java:696)
        at org.eclipse.jetty.servlet.ServletHandler.doHandle(ServletHandler.java:526)
        at org.eclipse.jetty.server.handler.ScopedHandler.handle(ScopedHandler.java:143)
        at org.eclipse.jetty.security.SecurityHandler.handle(SecurityHandler.java:568)
        at org.eclipse.jetty.server.session.SessionHandler.doHandle(SessionHandler.java:221)
        at org.eclipse.jetty.server.handler.ContextHandler.doHandle(ContextHandler.java:1110)
        at org.eclipse.jetty.servlet.ServletHandler.doScope(ServletHandler.java:453)
        at org.eclipse.jetty.server.session.SessionHandler.doScope(SessionHandler.java:183)
        at org.eclipse.jetty.server.handler.ContextHandler.doScope(ContextHandler.java:1044)
        at org.eclipse.jetty.server.handler.ScopedHandler.handle(ScopedHandler.java:141)
        at org.eclipse.jetty.server.handler.ContextHandlerCollection.handle(ContextHandlerCollection.java:199)
        at org.eclipse.jetty.server.handler.HandlerCollection.handle(HandlerCollection.java:109)
        at org.eclipse.jetty.server.handler.HandlerWrapper.handle(HandlerWrapper.java:97)
        at org.eclipse.jetty.server.Server.handle(Server.java:459)
        at org.eclipse.jetty.server.HttpChannel.handle(HttpChannel.java:280)
        at org.eclipse.jetty.server.HttpConnection.onFillable(HttpConnection.java:229)
        at org.eclipse.jetty.io.AbstractConnection$1.run(AbstractConnection.java:505)
        at org.eclipse.jetty.util.thread.QueuedThreadPool.runJob(QueuedThreadPool.java:607)
        at org.eclipse.jetty.util.thread.QueuedThreadPool$3.run(QueuedThreadPool.java:536)
        at java.lang.Thread.run(Thread.java:724)
Caused by:
java.util.concurrent.TimeoutException: Idle timeout expired: 30000/30000 ms
        at org.eclipse.jetty.io.IdleTimeout.checkIdleTimeout(IdleTimeout.java:153)
        at org.eclipse.jetty.io.IdleTimeout$1.run(IdleTimeout.java:50)
        at java.util.concurrent.Executors$RunnableAdapter.call(Executors.java:471)
        at java.util.concurrent.FutureTask$Sync.innerRun(FutureTask.java:334)
        at java.util.concurrent.FutureTask.run(FutureTask.java:166)
        at java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$201(ScheduledThreadPoolExecutor.java:178)
        at java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(ScheduledThreadPoolExecutor.java:292)
        at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1145)
        at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:615)
        at java.lang.Thread.run(Thread.java:724)

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: laowai80 on December 12, 2013, 12:56:47 PM

Quote from: Come-from-Beyond on December 11, 2013, 09:17:21 AM

Does anyone have problems with 0.3.18 or it's only me?

I did a test install on Centos 6 64-bit and it hangs after a few minutes.

How much RAM does it have?

klee

legendary

Activity: 1498

Merit: 1000

Quote from: abctc on December 12, 2013, 12:46:08 PM

Quote from: ?? on ??

I've come up with a proposed change to the mining algorithm

At the time moment the mining algorithm is not a problem. Lack of the transactions (and, subsequently, lack of the fees) is a problem. We should concentrate on a creation of a services for Nxt.

Amen!

Topic: NXT :: descendant of Bitcoin - Updated Information - page 2394. (Read 2761626 times)