Topic: NXT :: descendant of Bitcoin - Updated Information - page 3. (Read 2761626 times)
Emule I want cheap NXT.
If Nxt fails, you can say it's nothing. If Nxt succeeds, the world belongs to us.
I like this
(Yes, I para-quoted it. But it still works
) The second game based on Nxt has been announced.
https://nxtforum.org/general-discussion/newnxtgames-community-driven-game-based-on-the-nxt-blockchain/msg7897/
****
*snipped from link above*
I am planning to build a browser game on top of the Nxt blockchain. I already made a few tests and I think that Nxt is the perfect system for this. If this will be a success I already have 2 other developers and one designer who are going to help me with this project.
****
"Does it have to be a game?
How about a vitual 3D community where i can walk down a virtual high st, and go into a virtual store that has actually been setup to sell real stuff, with the protocol being used as the backend of transactions.
How about, after ive chatted with the silver bullion store owner and maybe bought or sold something, i leave the store and walk down to Satoshi Sq where the exchange building sits. Maybe i need to exchange some alts, because on the way i was chatting to the news-stand guy (he asks for tips for breaking news), and he seems to think that AcmeCoin is due for a pump. I leave the exchange after getting my AcmeCoin, and notice a new games arcade has just opened up opposite the casino....... you get the picture.
Surely just a natural progression, using new decentralised technology/merchant systems, no?"
New coins are not generated at all. Miner's salary is paid only with transaction fees. An account must be unlocked to mine. Timer in [Recent blocks] is just an assessement, it's changed each new block. A few coins will generate a block very rarely, so we need someone to implement pooled mining.
You will be able to lease your account balance to someone else to allow them to forge on your behalf. Ask questions here >>> https://nxtforum.org/leases-and-forging
There is no monetary benefit to pooling as the return for 1 nxt is the same regardless of how much you hold. I.e. 1NXT earns 'R'. If you have 1000NXT you get 1000*'R' over the same timeframe. Not 1000*'R+10%' or any other addition to R you want to name. So there is no monetary logic to wanting to pool your coins with others.
BUT pooling can give you more regular payments but in much much smaller amounts. Over the very long term the return will be the same. And it means someone can forge on your behalf 24/7 whereas you might not be able to.
AND forging isn't mining. Forging only rewards with transaction fees, not new inflationary coins. So your returns won't be anywhere near mining until there are many many transactions per block but even then forging isn't designed as a get rich quick scheme (it is designed as blockchain spam prevention).
If you are still reading
, you can use any mining hardware you might have to take part in Nxt Indirect Mining. See below and the nxtforum subforum >>> https://nxtforum.org/nxt-indirect-mining/ ****
NXT Indirect Mining
NXT Indirect Mining is the process of using existing mining hardware to mine the most profitable crypto currencies and then periodically sell them and use the proceeds to buy NXTs on the open market. In this way, crypto currency miners can use their existing hardware to transition to Nxt's second generation platform. Nxt remains 100% Proof of Stake as it is profit from mining other coins that is used to buy NXTs on the open market. If the profit was used to buy US dollars, that wouldn't make US dollars Proof of Work so neither can Nxt be. This process has a downward pressure on the price of the coins mined and an upward pressure on the price of NXTs. Also see Mining Pool.
****
Source: Nxt Glossary >>> https://wiki.nxtcrypto.org/wiki/Glossary
New coins are not generated at all. Miner's salary is paid only with transaction fees. An account must be unlocked to mine. Timer in [Recent blocks] is just an assessement, it's changed each new block. A few coins will generate a block very rarely, so we need someone to implement pooled mining.
If Nxt fails, you can say it's nothing. If Nxt succeeds, the world belongs to us.
I like this
(Yes, I para-quoted it. But it still works
) The second game based on Nxt has been announced.
https://nxtforum.org/general-discussion/newnxtgames-community-driven-game-based-on-the-nxt-blockchain/msg7897/
****
*snipped from link above*
I am planning to build a browser game on top of the Nxt blockchain. I already made a few tests and I think that Nxt is the perfect system for this. If this will be a success I already have 2 other developers and one designer who are going to help me with this project.
****
i'm waiting for the day,i have buy 500,000nxt
does nxt no better than BC?DOGE?XRP?PPC?they just copy the code. any more?
if nxt failure ,you can say it's nothing,if success,the world is belong to us.
does nxt no better than BC?DOGE?XRP?PPC?they just copy the code. any more?
if nxt failure ,you can say it's nothing,if success,the world is belong to us.
Just for some ponderous frivolity, take it away Come-from-Beyond...
Congrats, u almost found one of "1984" references in Nxt.
BCNext used such analogies:
Big Brother == BCNext (he doesn't exist but his image is used for different purposes)
Inner party == Big stakeholders
Outer party == Ppl who define where Nxt is developed to, mostly developers of clients and services
Proles == The rest of Nxt users
CfB goes on to say...
If I told u other references it wouldn't be interesting.
The references r not in the code, they r in algos. Btw, TF is an algo too.
Mysterious
I personally think that initial distribution doesn't matter that much (I'm not an initial stakeholder btw)
Quote from the book 1984:
Throughout recorded time, and probably since the end of the Neolithic Age, there have been three kinds of people in the world, the High, the Middle, and the Low. They have been subdivided in many ways, they have borne countless different names, and their relative numbers, as well as their attitude towards one another, have varied from age to age: but the essential structure of society has never altered. Even after enormous upheavals and seemingly irrevocable changes, the same pattern has always reasserted itself, just as a gyroscope will always return to equilibrium, however far it is pushed one way or the other.
The aims of these three groups are entirely irreconcilable. The aim of the High is to remain where they are. The aim of the Middle is to change places with the High. The aim of the Low, when they have an aim — for it is an abiding characteristic of the Low that they are too much crushed by drudgery to be more than intermittently conscious of anything outside their daily lives — is to abolish all distinctions and create a society in which all men shall be equal. Thus throughout history a struggle which is the same in its main outlines recurs over and over again.
For long periods the High seem to be securely in power, but sooner or later there always comes a moment when they lose either their belief in themselves or their capacity to govern efficiently, or both. They are then overthrown by the Middle, who enlist the Low on their side by pretending to them that they are fighting for liberty and justice. As soon as they have reached their objective, the Middle thrust the Low back into their old position of servitude, and themselves become the High. Presently a new Middle group splits off from one of the other groups, or from both of them, and the struggle begins over again. Of the three groups, only the Low are never even temporarily successful in achieving their aims. It would be an exaggeration to say that throughout history there has been no progress of a material kind. Even today, in a period of decline, the average human being is physically better off than he was a few centuries ago. But no advance in wealth, no softening of manners, no reform or revolution has ever brought human equality a millimetre nearer. From the point of view of the Low, no historic change has ever meant much more than a change in the name of their masters.
Quote from the book 1984:
Throughout recorded time, and probably since the end of the Neolithic Age, there have been three kinds of people in the world, the High, the Middle, and the Low. They have been subdivided in many ways, they have borne countless different names, and their relative numbers, as well as their attitude towards one another, have varied from age to age: but the essential structure of society has never altered. Even after enormous upheavals and seemingly irrevocable changes, the same pattern has always reasserted itself, just as a gyroscope will always return to equilibrium, however far it is pushed one way or the other.
The aims of these three groups are entirely irreconcilable. The aim of the High is to remain where they are. The aim of the Middle is to change places with the High. The aim of the Low, when they have an aim — for it is an abiding characteristic of the Low that they are too much crushed by drudgery to be more than intermittently conscious of anything outside their daily lives — is to abolish all distinctions and create a society in which all men shall be equal. Thus throughout history a struggle which is the same in its main outlines recurs over and over again.
For long periods the High seem to be securely in power, but sooner or later there always comes a moment when they lose either their belief in themselves or their capacity to govern efficiently, or both. They are then overthrown by the Middle, who enlist the Low on their side by pretending to them that they are fighting for liberty and justice. As soon as they have reached their objective, the Middle thrust the Low back into their old position of servitude, and themselves become the High. Presently a new Middle group splits off from one of the other groups, or from both of them, and the struggle begins over again. Of the three groups, only the Low are never even temporarily successful in achieving their aims. It would be an exaggeration to say that throughout history there has been no progress of a material kind. Even today, in a period of decline, the average human being is physically better off than he was a few centuries ago. But no advance in wealth, no softening of manners, no reform or revolution has ever brought human equality a millimetre nearer. From the point of view of the Low, no historic change has ever meant much more than a change in the name of their masters.
Congrats, u almost found one of "1984" references in Nxt.
BCNext used such analogies:
Big Brother == BCNext (he doesn't exist but his image is used for different purposes)
Inner party == Big stakeholders
Outer party == Ppl who define where Nxt is developed to, mostly developers of clients and services
Proles == The rest of Nxt users
CfB goes on to say...
I just read the book last weekend
What other references are there? You mean in the code, or something that BCNext said?
I can think of some other references of Nxt in 1984
What other references are there? You mean in the code, or something that BCNext said?
I can think of some other references of Nxt in 1984
If I told u other references it wouldn't be interesting.
The references r not in the code, they r in algos. Btw, TF is an algo too.
Mysterious
i don't agree with you,emlue
nxt is doing something useful and creatable
just need time for the dev
when the ae is done,the world is changed.
nxt is doing something useful and creatable
just need time for the dev
when the ae is done,the world is changed.
I still worry about the fact that we are not on Mintpal because of technical reasons...
Blackcoin is thriving for all the good reasons of POS (and pump probably)
But NXT is way better, its just that its less easy to use than Blackcoin..
If we could fix that than a lot of Blackcoin supporters will go to NXT when they see NXT's potential
Blackcoin is thriving for all the good reasons of POS (and pump probably)
But NXT is way better, its just that its less easy to use than Blackcoin..
If we could fix that than a lot of Blackcoin supporters will go to NXT when they see NXT's potential
im not worried atall over mintpal..
once AE goes live and we have a decent amount of coins trading on AE then we will be the exchange that most coins want to be on... especially pos coins with multipools cos they will want to reduce costs to increase profitability... i say support blackcoin on AE if possible... after all ever trade requires NXT!
they have 72 terahashes now on script..! :O i think its a good sign of whats to come! the multipool is seriously feeding into itself.. its a glorious cycle of growth PoS and decline of PoW...
Perhaps I'm overlooking things, but how can AE compete with regular exchanges regarding speed?
Block time is 1 minute and space in a block is limited, how will this be handled?
I thought AE was more of a place to trade goods and commodities, not so much for coins.
Bump from jl777's InstantDEX (formerly Secret Project) thread at https://nxtforum.org/multigateway-jl777/secret-project/80/
****
Re: secret project
April 12, 2014, 06:35:26 pm
--------------------------------------------------------------------------------
The name of the secret project is InstantDEX
With the NXT AE people will be able to trade things, but there will be the blocktime to wait. 1 minute usually, but sometimes could be a lot more. Also 1 minute will feel like a really long time if the market is changing dramatically.
The goal of InstantDEX is to allow for realtime trading of any NXT asset against any other NXT asset (and NXT)
InstantDEX will be able to trade any asset, not just multigateway assets
I have achieved ~5 second times in my proof of concept, but that is not optimized, nor did it implement the full transaction cycle. Also, at these timeframes measuring a transaction really depends on if you count the time from you post a bid, it propagates, somebody immediately accepts it and the trade completes.
Or if you are measuring from when you accept an order on the books and it gets completed.
My goal is to do the former in the ~3 second timeframe. Initial versions will be slower. The multigateway will need to be trusted to redeem assets, but that is a trust level that I am assuming we will be operating with. Almost all of InstantDEX will be decentralized.
People with good internet connections will get better performance than people with bad internet connections.
James
****
I still worry about the fact that we are not on Mintpal because of technical reasons...
Blackcoin is thriving for all the good reasons of POS (and pump probably)
But NXT is way better, its just that its less easy to use than Blackcoin..
If we could fix that than a lot of Blackcoin supporters will go to NXT when they see NXT's potential
Blackcoin is thriving for all the good reasons of POS (and pump probably)
But NXT is way better, its just that its less easy to use than Blackcoin..
If we could fix that than a lot of Blackcoin supporters will go to NXT when they see NXT's potential
im not worried atall over mintpal..
once AE goes live and we have a decent amount of coins trading on AE then we will be the exchange that most coins want to be on... especially pos coins with multipools cos they will want to reduce costs to increase profitability... i say support blackcoin on AE if possible... after all ever trade requires NXT!
they have 72 terahashes now on script..! :O i think its a good sign of whats to come! the multipool is seriously feeding into itself.. its a glorious cycle of growth PoS and decline of PoW...
Perhaps I'm overlooking things, but how can AE compete with regular exchanges regarding speed?
Block time is 1 minute and space in a block is limited, how will this be handled?
I thought AE was more of a place to trade goods and commodities, not so much for coins.
But NXT is way better, its just that its less easy to use than Blackcoin..
I just send some Nxt to my friend, who knows nothing of cryptos.
I told him to make a wallet there https://wallet.mynxt.info/
After 2 minutes he had the Nxt in his wallet.
It doesnt get much easier than that!! And the speed of transaction even suprised me
why you all think nxt will jump up suddenly? there is no reason why it should.
*all features* are already calculated in present price, want to see all your faces when(if ever) for example AE becomes live and price drops
I think you have a point Elmo
Thanks for your positive contribution! I have seen you come close once or twice before but this is definitely a new high water mark. Well done To quote jl777, people will "buy the rumour and sell the news". It is only once AE is paired up with automated transactions, multisig gateways etc and DGex, Anon136 launch shares etc and we start to get the true ecosystem so many have been working toward we will see a rise in value. And I expect it to be a slow burn until it catches the speculators eyes again. Then who knows what those guys will unleash
If it was easy to predict, there wouldn't be so much debate
when will the ae launch?
When the known bugs have been fixed (once JL gets to it or we recruit more java devs), NQT is fully implemented in main core and clients devs have updated their cleints to accept NQT. Then the stage is set for AE (see below).
"I want a better client!", "I want the AE launched!"
Serious question, does anyone know where one might recuit a java developer?*snip*
The remaining issue in AE:
https://bitbucket.org/JeanLucPicard/nxt/issue/79/buy-order-and-sell-order-matching-does-not
needs to be resolved, and this is a good warm-up task for a new developer, while
I am busy with the above work.
After bugs in fractional NXT transactions are found and fixed, we need to try on
test net the NQT_BLOCK transition without a blockchain reset.
*snip of test details*
So overall this is a tricky transition and we need to
rehearse it first on testnet.
Only after such test is successful, and we have switched to NQT on main net, with
all clients supporting NQT and AE, we can consider launching AE.
*snip*
The remaining issue in AE:
https://bitbucket.org/JeanLucPicard/nxt/issue/79/buy-order-and-sell-order-matching-does-not
needs to be resolved, and this is a good warm-up task for a new developer, while
I am busy with the above work.
After bugs in fractional NXT transactions are found and fixed, we need to try on
test net the NQT_BLOCK transition without a blockchain reset.
*snip of test details*
So overall this is a tricky transition and we need to
rehearse it first on testnet.
Only after such test is successful, and we have switched to NQT on main net, with
all clients supporting NQT and AE, we can consider launching AE.
*snip*
real developers dont take nxt serious, so stop beggin for more java devs.
nxt = no future, no devs
Sorry to interrupt your FUDstorm Emule...
Business continues as usual at nxtforum.org, Jean-luc has completed the first stage of integration. As always, more work available so more JAVA programmers would be nice
Go, go, go, jl
jl777 has also completed most of the work for Anon136's Physical good store, IIRC.
****
Re: Development roadmap
April 13, 2014, 05:15:01 pm
--------------------------------------------------------------------------------
Quote from: Jean-Luc on April 09, 2014, 02:01:43 pm
I am now working on integrating into the develop branch the changes from
feature/tf branch that CfB was working on. Those include Digital Goods Store,
Effective Balance Leasing, Transparent Forging changes (getNextBlockGenerators),
Phased transactions (not sure if this got completed). They will be enabled only
on test net initially, but I need to merge the code, convert all amount handling
logic to NQT, do some review and refactoring, fix obvious bugs if any.
--------------------------------------------------------------------------------
This has been done, I reviewed and refactored the code and merged the tf branch back to develop.
Phased transactions are not yet implemented. The rest of the above features are code complete but not tested at all, and also they don't have an http API yet. Writing the http API could be done by somebody else, or wait until I am done with my other tasks.
****
Back to you Elmo... was that the 0.000032 prediction again Didn't get it right mid march, 27th march, 28th march and 3 times last week... so maybe this time I really hope you get it right one day, I think it will be good for you
Business continues as usual at nxtforum.org, Jean-luc has completed the first stage of integration. As always, more work available so more JAVA programmers would be nice
Go, go, go, jl
jl777 has also completed most of the work for Anon136's Physical good store, IIRC.
****
Re: Development roadmap
April 13, 2014, 05:15:01 pm
--------------------------------------------------------------------------------
Quote from: Jean-Luc on April 09, 2014, 02:01:43 pm
I am now working on integrating into the develop branch the changes from
feature/tf branch that CfB was working on. Those include Digital Goods Store,
Effective Balance Leasing, Transparent Forging changes (getNextBlockGenerators),
Phased transactions (not sure if this got completed). They will be enabled only
on test net initially, but I need to merge the code, convert all amount handling
logic to NQT, do some review and refactoring, fix obvious bugs if any.
--------------------------------------------------------------------------------
This has been done, I reviewed and refactored the code and merged the tf branch back to develop.
Phased transactions are not yet implemented. The rest of the above features are code complete but not tested at all, and also they don't have an http API yet. Writing the http API could be done by somebody else, or wait until I am done with my other tasks.
****
Back to you Elmo... was that the 0.000032 prediction again
Didn't get it right mid march, 27th march, 28th march and 3 times last week... so maybe this time I really hope you get it right one day, I think it will be good for you when JL777 (aka nexern) is involved dont hold your breath, still need to see his first contribution to nxt.
when will the ae launch?
When the known bugs have been fixed (once JL gets to it or we recruit more java devs), NQT is fully implemented in main core and clients devs have updated their cleints to accept NQT. Then the stage is set for AE (see below).
"I want a better client!", "I want the AE launched!"
Serious question, does anyone know where one might recuit a java developer?*snip*
The remaining issue in AE:
https://bitbucket.org/JeanLucPicard/nxt/issue/79/buy-order-and-sell-order-matching-does-not
needs to be resolved, and this is a good warm-up task for a new developer, while
I am busy with the above work.
After bugs in fractional NXT transactions are found and fixed, we need to try on
test net the NQT_BLOCK transition without a blockchain reset.
*snip of test details*
So overall this is a tricky transition and we need to
rehearse it first on testnet.
Only after such test is successful, and we have switched to NQT on main net, with
all clients supporting NQT and AE, we can consider launching AE.
*snip*
The remaining issue in AE:
https://bitbucket.org/JeanLucPicard/nxt/issue/79/buy-order-and-sell-order-matching-does-not
needs to be resolved, and this is a good warm-up task for a new developer, while
I am busy with the above work.
After bugs in fractional NXT transactions are found and fixed, we need to try on
test net the NQT_BLOCK transition without a blockchain reset.
*snip of test details*
So overall this is a tricky transition and we need to
rehearse it first on testnet.
Only after such test is successful, and we have switched to NQT on main net, with
all clients supporting NQT and AE, we can consider launching AE.
*snip*
why you all think nxt will jump up suddenly? there is no reason why it should.
*all features* are already calculated in present price, want to see all your faces when(if ever) for example AE becomes live and price drops
when will the ae launch?
Sorry to interrupt your FUDstorm Emule...
Business continues as usual at nxtforum.org, Jean-luc has completed the first stage of integration. As always, more work available so more JAVA programmers would be nice
Go, go, go, jl
jl777 has also completed most of the work for Anon136's Physical good store, IIRC.
****
Re: Development roadmap
April 13, 2014, 05:15:01 pm
--------------------------------------------------------------------------------
Quote from: Jean-Luc on April 09, 2014, 02:01:43 pm
I am now working on integrating into the develop branch the changes from
feature/tf branch that CfB was working on. Those include Digital Goods Store,
Effective Balance Leasing, Transparent Forging changes (getNextBlockGenerators),
Phased transactions (not sure if this got completed). They will be enabled only
on test net initially, but I need to merge the code, convert all amount handling
logic to NQT, do some review and refactoring, fix obvious bugs if any.
--------------------------------------------------------------------------------
This has been done, I reviewed and refactored the code and merged the tf branch back to develop.
Phased transactions are not yet implemented. The rest of the above features are code complete but not tested at all, and also they don't have an http API yet. Writing the http API could be done by somebody else, or wait until I am done with my other tasks.
****
Back to you Elmo... was that the 0.000032 prediction again Didn't get it right mid march, 27th march, 28th march and 3 times last week... so maybe this time I really hope you get it right one day, I think it will be good for you
Business continues as usual at nxtforum.org, Jean-luc has completed the first stage of integration. As always, more work available so more JAVA programmers would be nice
Go, go, go, jl
jl777 has also completed most of the work for Anon136's Physical good store, IIRC.
****
Re: Development roadmap
April 13, 2014, 05:15:01 pm
--------------------------------------------------------------------------------
Quote from: Jean-Luc on April 09, 2014, 02:01:43 pm
I am now working on integrating into the develop branch the changes from
feature/tf branch that CfB was working on. Those include Digital Goods Store,
Effective Balance Leasing, Transparent Forging changes (getNextBlockGenerators),
Phased transactions (not sure if this got completed). They will be enabled only
on test net initially, but I need to merge the code, convert all amount handling
logic to NQT, do some review and refactoring, fix obvious bugs if any.
--------------------------------------------------------------------------------
This has been done, I reviewed and refactored the code and merged the tf branch back to develop.
Phased transactions are not yet implemented. The rest of the above features are code complete but not tested at all, and also they don't have an http API yet. Writing the http API could be done by somebody else, or wait until I am done with my other tasks.
****
Back to you Elmo... was that the 0.000032 prediction again
Didn't get it right mid march, 27th march, 28th march and 3 times last week... so maybe this time I really hope you get it right one day, I think it will be good for you good, seems that Nxt community members will be rich in the very near future.
times for so cheap Nxts will be over very soon
Remember Nxtopia, the MMORPG built on-top of the NXT network, using elements such as the Asset Exchange, Arbitrary Messages and Parallel Blockchains?
Well, it has a new name Lith and progress update. Where you ask? On nxtforum.org of course.
https://nxtforum.org/general-discussion/(ann)-lith/msg8355/
Well, it has a new name Lith and progress update. Where you ask? On nxtforum.org of course.
https://nxtforum.org/general-discussion/(ann)-lith/msg8355/
For the record, I think Jef's nick here at BCT is brooklynbtc.
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