Topic: NXT :: descendant of Bitcoin - Updated Information - page 335. (Read 2761645 times)

Thanks for your work on implementing SSL opticalcarrier! Much appreciated!
antanst good job crashing the testnet! Keep at it EvilBob.
marcus03 keep up the great coding work.
l8orre thanks for making freeRider so we can pound on testnet.
jl777 thanks for all your great coding work.
wesleyh i know i've said it before, fantastic client!

GCInc thanks for the generous donation to Community Funds and thanks to the Mystery Mega donator!
Salsacz, thanks for helping facilitate the flow of information to the community.
There are many more not specifically mentioned who are doing great work for Nxt.
Thank you all.

Sincerely,

Brian Snyder

In many common law jurisdictions (perhaps civil law jurisdictions as well) "investors" in a common enterprise not carried on through a separate legal entity may be found to be partners in a general partnership and as such would be fully liable for the debts and liabilities of the partnership.

This, plus the fact that selling unregistered securities to the public is often prohibited, makes all these experiments very dangerous legally.

Holy crap,  someone decode this hallmark:


Well, Ill save you the time, it goes to account number 2319251

RIPPLE Vs. NXT (continued)

Ok, to continue an important conversation I think, I've chewed on Jame's response a little and now would like to posit a polite reply:
Sorry for the giant quote wall but I think the context is needed for continuity.



I don't get that impression at all. Are you talking about the forum that you get to from ripple.com? There are other forums as well such as xrptalk and openxrp and I've found people to be pretty enthusiastic about ripple. The company seems to be professionally and transparently run by actual people with actual surnames instead of just usernames. They even get their fair share of the Libertarian crowd especially at OpenXRP. It's hard for me to know if you were actually "run out of town" over there as you say. You do seem to take constructive criticism too much to heart at times here to be honest. Don't get me wrong. I think it's because you're passionate and work hard and care and don't want to waste time on something the community rejects.  it's part of your talent but makes me wonder if perhaps what happened at Ripple is being overstated a bit. I've seen no evidence of that kind of behavior but then again I'm not like totally immersed in that world.

As to any criticism being based on your trying to get a NXT market going there, you can currently purchase NXT in Ripple via peercover gateway, so they don't seem to be censoring NXT or any other currency as you say. The liquidity and spreads are not the worst things in the world. I bought 200 NXT in Ripple. Now I WILL say that Peercover has a shitty ass website that I haven't been able to get to sync up to my Ripple wallet, so for now my NXT is stuck inside Ripple.


I'll give you that their system is still in it's infancy stage but it's still light years ahead of where NXT is. You can convert any currency on the fly to any other currency including BTC. It's pretty amazing and imagine after it evolves even more in a few years. XRP price has actually been pretty stable over a long period of time. It went up to about $0.02 earlier this year and went back to .015 or so most recently. It's been in that general range for quite some time. I don't think it's altogether much more volatile than a lot of real currencies.

I've never paid a 50% premium to purchase BTC (admittedly I don't purchase a lot of BTC that way, preferring coinbase)  I've found that the with several gateways  you can "shop around" via one interface and find the best deals. You can even arbitrage there almost easier than anywhere else.


So out of 100 billion total OVER HALF have already been distributed and that's a bad thing? They also have a way to get them for free through many giveaways and the ability to lease your CPU to the World Community Grid for Scientific Research. That is pretty cool.
The only way to get any amount of NXT is to purchase it. Have half of all NXT been distributed as equally as XRP has?  How is NXT's situation any better with the giant whales standing over us, completely capable of affecting the market on a whim. EMule may be full of shit but what he claims to be does actually exist.

I hadn't heard about the Bitcoin bridge being down. Like I said I don't use it for BTCX that much, but I would imagine that will be fixed.
XRP is not trapped with no way out in any event because Snap Swap has bank account transfer back and forth from USD to XRP.


I don't see anything wrong with "buyer beware" and I don't think NXT will be any different.  I see almost no difference in what a NXT asset is and what a Ripple IOU is. Seem to be the same things going by different names.

I assume you're referring to Nofiatcoin/XNF regarding the IOU backed by gold, which for the record it's still actively trading and gets activity. I've seen no evidence that it's a 'scam" as you claim. I do find the idea that i can actually trade my XNF for real gold a little specious but I'm actually just too lazy to research it that far. I have played around with it though, mainly as a means to increase my XRP stockpile.  



Whoever the person who ripped people off using Ripple by making a BTC backed IOU/Asset was I find it hard to believe no one reprimanded him. I also  think saying you've been reprimanded here is an overstatement. You've had criticism directed at your project. This is something personal between you and the community and stake-holders. I've got my own concerns, which have voiced by others here about nodecoins as is everyones right to do. This kind of stuff needs to be debated as hurtful and frustrating as it might be sometimes for someone putting in a lot of brainpower. It kinda takes a thick skin to thrive as a developer in this space. I can see it leading to a lot of heartache and burnout if you're not careful. I don't want to say "if you can't stand the heat get out of the kitchen", maybe just consider opening a window or running a fan.


People are free to build infrastructure and business around RIPPLE and they are doing so quite a bit. There' dividend rippler, justcoin.com, bitstamp, peercover, ripple singapore, ripple Isreal, snap Swap, and I'm sure others. I'd like to see more 'real" businesses attached to it like a Bank or Credit Union, etc. but it's still way ahead of where NXT is on these fronts. They are proving the concept and now have to get to the next level.
Will they? Who knows. But NXT has a lot of catching up to do. Making sure things are legal and reviewed is pretty important too. As you can see every action has several implications and potential consequences.  Maybe there are some advantages to board meetings, peer review over mega threads. I'd LOVE to see social media and "decentralized development" prove it can do something better than big business can but Ripples way is tried and true. NXT's way is a giant experiment.


I think you are putting too much stock in the "community" here. Communities come and go. It's the foundation that needs to be strong.


I disagree about Ripple not providing anonymity. I gave no information about myself to get a Ripple Wallet. No email address. Nothing. The ways I can be tracked are a the places you can track the users of any currency, the end points where you convert to Fiat. That is possible with Bitcoin and even NXT. I bought BTC off Coinbase (who knows a lot about me because that's the law), which I then sent it to an exchangeto purchased NXT and sent that to my wallet which is trackable by IP address. If someone wanted to figure out who I was by by crypto trail they could do it. Without mixing (which is very likely to be made illegal to do in the future in my view) anyone is trackable though crypto by authorized authorities using forensics, probably moreso than with cash.

Ripple, Bitcoin and any crypto already provides way more privacy than credit cards. As long as I'm not EASILY tracked by any Joe or Jane Schmo I am pretty cool with it and so are most people. Even cash is very very difficult to move around in large quantities. If you think governments will just let people move large amounts of crypto around completely anonymously you have another thing coming.

 

The multisig thing intrigues me. I admittedly don't know a lot about it but hope it's as good as it sounds. Does this mean we'll have peer to peer trustless trading? if so that could be a game changer.


Again, this is something personal between you and other people. I can't speak to the veracity of what amounts to personal squabbles on the internet.


I disagree. I think the jury is still way out. Ripple is already a viable and very easy to use product that is sort of flying under the radar.
If businesses find out how much easier it would be to accept XRP at point of sale and on the internet they'd be flocking to it. All you have to do is sign up for a Wallet, seed it with 20 XRP and put us a sign that says "WE ACCEPT RIPPLE/XRP". The weak point is immediate FIAT exchange which BTC has with bitstamp, coinbase. If Ripple partnered with a good gateway I think BTC wouldalready  be having a run for it's money in the remittance and internet purchasing space.


I am rooting for NXT I really am, but since I got into it I've been disappointed to see that a lot of the
claims that got me interested in it turned out to be a little over-hyped, such as Transparent Forging and 1000/TPS transactions all using a few NXT and a rasberry PI. That's how it's being sold to newcomers. It's not until you look closer that you see what's actually happening is that those advertised features may well not be possible, Elvis has left the Building with tonto fast on his heels (over to the EMunie Project perhaps, who knows?) and the emphasis is actually much stronger on the Asset Exchange than it is on NXT as a 2nd generation currency that can rival Bitcoin.

I wish your arguments could have convinced me but sadly I'm still of the opinion that Ripple and NXT are very similar and while I'd prefer NXT to come out on top I've got to say i consider Ripple a serious threat. Not to mention Emunie, Etherium & Mastercoin, (not too worried about counterparty, it's command line at this point)

I noticed that C-F-B has been watching EMunie, even commenting on their forum now and again.

This is correct. Those who use this strategy using PoW coins cannot do the same to NXT, because it cannot be mined. Thus, NXT will continuously rise in value as people keep mining alts and instantly dumping alts for NXT. Additionally, this will provide the distribution scheme many people are clamoring for. I may even buy a mining rig for this, as not only am I getting profits from mining, but my NXT stake will be rising along with it! Very nice idea

An interesting side-effect is that, according to game theory, everyone will have to switch to PoS eventually (or something that is not PoW) because PoW has no counter against this.

Pandaisftw

This is the 0.8.10?

The current does not have

In the end, i could not get the "hit" with php, the hash is different, it is impossible. There could be an API to get the hit?

mr jean-luc is original stakeholder, he now works for Nxt so he can then live on his island till the end of his life

I agree the GUI looks fantastic and Wesley should be rewarded.. But what about jean-luc? Without him NXT would be dead in the water shortly.  How much does jean-luc get paid or has received in donations?

All, the bounty is now over 120,000 Nxt.  Thanks to the additional donators!

yes it would matter. If it looks like we will run out, we can always add kiloDOGE or even megaDOGE

Maximum items of an asset is 1 Billion.What would happen if many billion doges were in the asset exchange??There is a supply of 60 Billion,and other coins may have even more. Does it matter for these assets with gateway?

I think it would be simpler if the pool server just polled all the guardians every block. At ~100 guardians, it shouldnt be a problem. If scaling up becomes a problem, I can go to a tiered system, where the pool server polls all the first tier guardians, which in turn pool their respective second tier guardians.

The total traffic is the same and might as well have it as controlled as possible

James

Great,wesleyh antanst and I8orre all should be rewarded for their works,especially for the GUI.

If you want decentralised and DDOS protected from random nodes - could you use an encrypted multicast that the guardians are listening for??

http://en.wikipedia.org/wiki/Multicast

then use IP firewalls for the guardian/guardian links which I would still authenticate with certificates on each server...

Fine, I can peacefully go to sleep. 

Follow the white rabbit

Interesting for participating to this project and rewrite some part of code or function in java, help for debugging, etc ...
Unfortunately i'm full time project director. Community need to hire full time java developper.

Especially this concept of "Turing complete" set of byte code instructions is very interesting.
I hope other people will join this project.

I helped you, new topic here: https://bitcointalksearch.org/topic/m.5702106

Go out and take beer. Or more

https://www.youtube.com/watch?v=X5hrUGFhsXo

EDIT

No disrespect intended, Ludom. Its just been a long day, and I'm feeling spicy.