NXT :: descendant of Bitcoin - Updated Information - page 2513.

inkadnb

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Activity: 126

Merit: 10

Quote from: Come-from-Beyond on November 30, 2013, 03:35:48 AM

Quote from: inkadnb on November 30, 2013, 03:31:11 AM

Can you not make this part of the client? I'm thinking long-term here..

Well, in long-term blacklisting should be used. It's just a list of peers that were offline when u tried to connect to them. In a week u may decide to unblacklist them and try to connect again. I see nothing wrong with this approach.

It just seems like unnecessary maintenance that could be automated. Why not traverse through the blacklist every 30 minutes or so and see if you can connect to them?

Most users aren't going to want to maintain the blacklist, and they shouldn't need to.

Come-from-Beyond

legendary

Activity: 2142

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Newbie

Quote from: inkadnb on November 30, 2013, 03:31:11 AM

Can you not make this part of the client? I'm thinking long-term here..

Well, in long-term blacklisting should be used. It's just a list of peers that were offline when u tried to connect to them. In a week u may decide to unblacklist them and try to connect again. I see nothing wrong with this approach.

inkadnb

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Activity: 126

Merit: 10

Quote from: Come-from-Beyond on November 30, 2013, 02:53:54 AM

Quote from: inkadnb on November 29, 2013, 08:01:10 PM

Well, good news my VPS has been running the app with no crashes since the last update and the block number seems accurate.

The only problem, one that I haven't been able to resolve, is the blacklisting of peers. I've got 8 Active peers and 41 Blacklisted. Is there any way you can quickly implement something to periodically clear the blacklist? I've got a clock sync running on a cron-job to periodically sync the clock, this didn't help.

These are the only ports I have open: 7874, 7875, 80 (forwards to 7875) all TCP.

Stop client. Delete peers.nxt. Start client.

Can you not make this part of the client? I'm thinking long-term here..

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

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Published mining and blockchain downloading source code.

Come-from-Beyond

legendary

Activity: 2142

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Newbie

Quote from: candelone on November 29, 2013, 05:30:23 PM

What is the difference between the windows Client and the online wallet http://88.198.210.245:7875/? Did I just need a Password to access the wallet? what is of different people use the same password (secret phrase)?

If they use the same password they will share the account. LOL

Local client is better. Online wallet is insecure.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: inkadnb on November 29, 2013, 08:01:10 PM

Well, good news my VPS has been running the app with no crashes since the last update and the block number seems accurate.

The only problem, one that I haven't been able to resolve, is the blacklisting of peers. I've got 8 Active peers and 41 Blacklisted. Is there any way you can quickly implement something to periodically clear the blacklist? I've got a clock sync running on a cron-job to periodically sync the clock, this didn't help.

These are the only ports I have open: 7874, 7875, 80 (forwards to 7875) all TCP.

Stop client. Delete peers.nxt. Start client.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: Sharky444 on November 30, 2013, 02:32:44 AM

It still makes sense to sell at these low prices to make the holder base and the network stronger.

+1

But leave a few coins for urself, so u won't blame urself after other features released and price skyrockets.

Sharky444

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Activity: 724

Merit: 500

It still makes sense to sell at these low prices to make the holder base and the network stronger.

klee

legendary

Activity: 1498

Merit: 1000

Holly shit, BCNext is a genius - I just understood the mistake the 1M dumpers do all these days!
I was thinking that 1M nxt were like 1M btc too lol!!

In fact Next is WAY more scarce than Bitcoin - 1BN Nxt vs 21M*100K BTC.

YOU ARE SELLING SATOSHI'S EQUIVALENT!!!!

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Quote from: 2Kool4Skewl on November 29, 2013, 11:03:41 PM

I think the transactional fee should be allowed to be less than 1 Nxt. Any thoughts?

After giving this some more thought, I think it would probably be best to leave the minimum transaction fee at 1 Nxt for now. Later, we could vote via Nxt's distributed voting system if we wanted to reduce the minimum transaction fee.

abctc

legendary

Activity: 1806

Merit: 1038

Quote from: klee on November 29, 2013, 11:05:09 PM

Do we even have decimals? Can't remember..

- implemented, but not revealed yet:

Quote from: BCNext on November 07, 2013, 09:39:24 AM

Implemented Colored Coins.
Added two decimal places after the point.

inkadnb

member

Activity: 126

Merit: 10

Quote from: klee on November 29, 2013, 11:05:09 PM

Quote from: 2Kool4Skewl on November 29, 2013, 11:03:41 PM

I think the transactional fee should be allowed to be less than 1 Nxt. Any thoughts?

Do we even have decimals? Can't remember..

Web client doesn't seem to allow it.

klee

legendary

Activity: 1498

Merit: 1000

Quote from: 2Kool4Skewl on November 29, 2013, 11:03:41 PM

I think the transactional fee should be allowed to be less than 1 Nxt. Any thoughts?

Do we even have decimals? Can't remember..

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

I think the transactional fee should be allowed to be less than 1 Nxt. Any thoughts?

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: dr_yan_yan on November 29, 2013, 10:32:55 PM

Quote from: xibeijan on November 29, 2013, 09:57:29 PM

Since the min tx fee is 1 NXT, doesn't that kind of limit NXT's sensible price range? 1 NXT will never be 1 BTC. It should be cheap, otherwise people won't exchange the currency.

That is why I exampled a price of 10,000 NXT = 10 BTC (1,000 NXT = 1 BTC) this would almost be like saying 1 NXT = $1

If you buy something for $100 (or 100 NXT), you would get charged $1 (1 NXT) Transaction fee... this is very reasonable because Creditcards charge 1.5-5%

BUT ofcourse that is the limitation, in that you would need to be spending 100 NXT or more to make the Transaction Fee reasonable.

So yes you are correct in that it limits what value 1 NXT could be.

If NXT became the Chosen Currency of say EBAY... then 1 NXT would need to have a value of no more than $0.10 to keep everything reasonable for the transaction fee.
There are many $1-$10 items on ebay.
If you bought a phone cover from china for $1 (10 NXT) transaction fee of 1 NXT is reasonable.
If you bought a new phone for $500 (5000 NXT) transaction fee of 1 NXT is too cheap...

I think a small tx fee (e.g. 0.35 USD) is reasonable, regardless of purchase size.

dr_yan_yan

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Activity: 98

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Quote from: xibeijan on November 29, 2013, 09:57:29 PM

Since the min tx fee is 1 NXT, doesn't that kind of limit NXT's sensible price range? 1 NXT will never be 1 BTC. It should be cheap, otherwise people won't exchange the currency.

That is why I exampled a price of 10,000 NXT = 10 BTC (1,000 NXT = 1 BTC) this would almost be like saying 1 NXT = $1

If you buy something for $100 (or 100 NXT), you would get charged $1 (1 NXT) Transaction fee... this is very reasonable because Creditcards charge 1.5-5%

BUT ofcourse that is the limitation, in that you would need to be spending 100 NXT or more to make the Transaction Fee reasonable.

So yes you are correct in that it limits what value 1 NXT could be.

If NXT became the Chosen Currency of say EBAY... then 1 NXT would need to have a value of no more than $0.10 to keep everything reasonable for the transaction fee.
There are many $1-$10 items on ebay.
If you bought a phone cover from china for $1 (10 NXT) transaction fee of 1 NXT is reasonable.
If you bought a new phone for $500 (5000 NXT) transaction fee of 1 NXT is too cheap...

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: dr_yan_yan on November 29, 2013, 06:40:46 PM

Quote from: Snard on November 29, 2013, 05:51:07 PM

If I wanted to get involved in Nxt, realistically how many coins would I need to purchase to start mining?

Somewhat of a complicated answer...

Technically, 1 coin... However I think it would take you 1902 years to mine anything. (this is based on the chance of Mining a block is YOUR # OF COINS / TOTAL NUMBER OF COINS (1 Billion)... and there are 1440 blocks mined in 1 day...)

Ok, so lets look at if you had 1 Million coins.
You would mine 1.4 Blocks per day.

BUT a block Value = Only the transaction fees of Transactions occurring in that block. (The majority of which at the moment are ZERO)

The more Coins each person has, the less people that have coins.
The less people that have coins, the less the coins get used, and thus the less they are traded.
The less use they have, the less value they have.
The less they are traded, the less transaction fees.

So which would you prefer??

To have 1 Million NXT, and mine 1.4 Blocks/day... but the 1 Million NXT be worth less than 1 BTC, and the 1.4 Block that you do mine, be lucky to be worth only 1 NXT.

OR...
Have 10,000 NXT and mine 5 Blocks/year... but the 10,000 NXT be worth 10 BTC, and the 5 Blocks that you do mine, have 1000 NXT in each block??

Since the min tx fee is 1 NXT, doesn't that kind of limit NXT's sensible price range? 1 NXT will never be 1 BTC. It should be cheap, otherwise people won't exchange the currency.

Kodoka

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Activity: 63

Merit: 10

I'm getting an error when I try to compile the code and start up Nxt.

"C:\Users\Chance>java -cp Nxt.zip Nxt
[2013-11-29 19:03:02.250] Nxt 0.2.17 started.
[2013-11-29 19:03:02.270] Loading transactions...
[2013-11-29 19:03:02.435] ...Done
[2013-11-29 19:03:02.436] Loading peers...
[2013-11-29 19:03:02.444] ...Done
[2013-11-29 19:03:02.444] Loading blocks...
[2013-11-29 19:03:03.140] 10: java.io.EOFException
[2013-11-29 19:03:03.141] Nxt stopped.
[2013-11-29 19:03:03.142] Saving blocks..."

Anyone have any idea what I can do to fix this?

Edit: Anyone that is having this problem, after moving the Nxt.zip to another file directory, this seems to have resolved itself; although, you will have to wait for blocks to load again.

bahamapascal

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Activity: 695

Merit: 500

Quote from: romerun on November 29, 2013, 08:15:31 PM

what's the best way to get some Nxt coins? any exchanges?

btw my address is

24730343118596591

Exchange: http://dgex.com

lyynx

sr. member

Activity: 380

Merit: 275

So, my client has been running for a while, but I'm just trying to understand the java.lang.NullPointerException. Is this or is this not an issue? I've had this message since time stamp 18:22:14.889 to the present moment.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 2513. (Read 2761645 times)