Topic: NXT :: descendant of Bitcoin - Updated Information - page 244. (Read 2761645 times)

Some of the best results from my yesterday's little twitter swarm:

thousands of followers, media influence:

https://twitter.com/vruz/status/446435808615346176
NXT is an #altcoin with a brand new codebase, extensibility & low-computing power in mind http://justpaste.it/nxt-introduction-4-journalists … #nxtcoin via @salsacz

https://twitter.com/pro2rat/status/446611172788154368
If Nxt can be more " OpenLeaks" to Ethereum's " Wikileaks" then they will win.

https://twitter.com/Bitcoin_Watcher/status/446483631565848576
@jgarzik I like about NXT that it could run its POS forging on very low end smartphones in Africa, while Bitcoin or Ethereum can't be mined.
https://twitter.com/Bitcoin_Watcher/status/446482846366969856
@jgarzik Ethereum is the best approach out there? What about NXTcoin. I recently learned NXT is also turing complete like Ripple & Ethereum.
Zobrazit překlad.

https://twitter.com/sclopit/status/446547819122688000
https://twitter.com/Bitcoin_Rush/status/446439400361431041

OK sorry! I will try to release an update today.

I am working on this site, where are important links: http://justpaste.it/nxt-introduction-4-journalists

maybe you can use a brochure:
http://nxt.sx/images/resources/NXT-Brochure-4.pdf

There's just 1 problem with a list of predefined categories though; it's centralized.

As far as I understand, the DGS (digital goods store) also won't have categories. CFB does not like this idea of centralization. (even though it would help the user)

is there one single paragraph or website page i can show people to try and convince them of nxt's potential? like all the features and everything and what the asset exchange can do and all that summed up into one/2 pages???

who runs the p00l site? why do most addresses end with 3 zeros? might this be a bug and he pays out to invalid addresses?

Take a look at this, salsacz posted this earlier: https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit?pli=1

"Very high" is relative anyways. As CIYAM just said, the market forces will decide the price - NXT will have value, but the price (or at least the fees) need to be low enough so that services can use NXT without paying exorbitant fees. Whether this is $1 with 0.01 fees or even $2, who knows.

IMO, you'd have more success if your statements were more constructive. Pointing out things that are in development (for example, instant transactions) and basically creating a ruckus of it isn't going to be very well received.

I took a look at your reddit post, and basically it can be broken down to two sections: upcoming features and fees.

1) Calling NXT a bait and switch is a little disingenuous because those features mentioned on the sidebar of reddit are in development. So far two of the things on that list are already implemented, and we are testing the AE right now. Going from 0 to 3 out of 4 implemented, in four months, and you're complaining about being lied to? I don't see you blaming Auroracoin for not being in the hands of Icelanders yet... it's "in progress". (Btw, the first post of this thread clearly states that instant transactions are in progress. Hopefully you read that post before investing...)

2)
A) Fees can be changed. We may eventually switch to Optical's system, who knows. Btw, this problem is not unique to NXT, all crytpos have hard-coded "min" fees.
B) AE was never planned to do HFT (I can pull up a quote of CFB from a long time ago). How are you going to do HFT on a blockchain that runs on a 1 minute timer? Imo, the AE serves a more useful purpose - such as gateways, kickstarter and things I can't even think of right now - than simply acting as a stock market. Thus, fees really are not that big of a deal (assuming they remain small, refer to A)) for people who don't do HFT. Also, exchanges normally charge 0.15% or even higher for a successful trade. NXT charges the min fee to post an order - different systems for different purposes.

Lastly, you've ignored all the projects that are going on right now *not* on your lists. Like others have said, I don't think you're "spreading FUD", but the way you're going about this is not as helpful as you think. Okay, you've outlined some problems, that's good, we need people who can see problems - now, how can you help remedy them?

Pandaisftw

Refactoring resin webserver for use with encrypted objects. http://www.caucho.com/press/resin-java-web-server-outperforms-nginx/ It outperforms C based engines by a nontrivial margin.

I'm going to need beta testers in about a week  .

is there one single paragraph or website page i can show people to try and convince them of nxt's potential? like all the features and everything and what the asset exchange can do and all that summed up into one/2 pages???

You get your mining rig and electricity for free?  

I've been considering building a mining rig just for this purpose, but it really goes against every fiber in my body to waist KW/hours of energy for "nothing". I might as well invest another 1000 euros in NXT.

I also think it goes against the POS mentality. Yeah, NXT is POS, but you are MINING and waisting energy on other shit coins. Seems a bit odd, doesn't it?

Well, let me provide an update after eight hours of straight programming.

Here is essentially what I will be running with for the decentralized server addition.

In this example Peer1 and Peer2 are not hallmarked, which is why they are using a hallmarked server as a common networking point. The purpose of this is to allow the two "peers" to send serialized objects to each other without taking up a large amount of bandwidth on the NXT network.

Here is what a serverRequest object looks like.

Establish a shared hallmarked server connection.

• Peer1 chooses a  hallmarkedServer to share a connection with Peer2
• Peer1 sends the serverRequest object to all hallmarkedServer(s) in peerList.
• hallmarkedServer(s) check their peerList to see if they are connected to Peer2
• if they are not the hallmarkedServer(s) broadcast the signed request to all the hallmarkedServer(s) they are connected to.
• if they are connected to Peer2 they send the serverRequest to Peer2
• Peer2 connects to IP (sharedNode) in request packet
• Peer2 sends a signed timestamp + sharedServer packet to the shared server (essentially just verifying the serverRequest)
• the shared server will now relay all serialized objects sent from Peer1 to Peer2 (on port 6666) and vice-versa.

Countermeasure to "passive" denial of service
   Every minute a object with the amount of sent data during the last minute is sent to hServer
   hServer sends this to the other Peer
   If this packet is not received by the other peer the shared hServer is forgotten and a new sharedServer is found

Refactoring resin webserver for use with encrypted objects. http://www.caucho.com/press/resin-java-web-server-outperforms-nginx/ It outperforms C based engines by a nontrivial margin.

I'm going to need beta testers in about a week  .

Okay, now I will honor my previous words and stop commenting about it. Let's agree to disagree.
It's a moo-point anyway, because indeed people do what they will do...

My comments regarding "price" were not intended as "speculation" (but seemingly have been interpreted that way).

The market will decide "how much NXT is worth" and that value will be mostly determined because of the usefulness of the platform.

Perhaps people might consider "quoting this post" instead of the other but of course people are only going to quote what suits them.

Dynamic fees. byte size on the blockchain Vs Nxt coins market

Refactoring resin webserver for use with encrypted objects. http://www.caucho.com/press/resin-java-web-server-outperforms-nginx/ It outperforms C based engines by a nontrivial margin.

I'm going to need beta testers in about a week  .