Hello, my name is James.
I rebooted and feeling much better
James
I rebooted and feeling much better
James
Topic: NXT :: descendant of Bitcoin - Updated Information - page 339. (Read 2761650 times)
Hello, my name is James.
I rebooted and feeling much better
Thanks to all the generous donators!! I am feeling very optimistic today.
For all the controversy the "coin that shall not be named" has created, at least people now are seeing NXT for what it can do. The idea of a middlecoin that pays out in NXT is a very good one. https://bitcointalksearch.org/topic/m.5694336
I authorize 20,000 NXT from NXTcommunityfunds for this bounty.
I would also like to authorize 50,000 NXT to wesleyh for his fantastic web GUI. With matching amounts up to another 50,000 NXT for any directed donations to NXTcommunityfunds for him. Just send donation to 13776816462073143763 , post txid, amount and that its for wesley.
We need more testing. The first of the testing bounties:
antanst should get 10000 NXT for crashing testnet
l8orre should get 5000 NXT for making freerider that will help others crash testnet
James
I rebooted and feeling much better
Thanks to all the generous donators!! I am feeling very optimistic today.
For all the controversy the "coin that shall not be named" has created, at least people now are seeing NXT for what it can do. The idea of a middlecoin that pays out in NXT is a very good one. https://bitcointalksearch.org/topic/m.5694336
I authorize 20,000 NXT from NXTcommunityfunds for this bounty.
I would also like to authorize 50,000 NXT to wesleyh for his fantastic web GUI. With matching amounts up to another 50,000 NXT for any directed donations to NXTcommunityfunds for him. Just send donation to 13776816462073143763 , post txid, amount and that its for wesley.
We need more testing. The first of the testing bounties:
antanst should get 10000 NXT for crashing testnet
l8orre should get 5000 NXT for making freerider that will help others crash testnet
James
Nxt Mining Pool Bounty posted @ Nextcoin.org
https://nextcoin.org/index.php/topic,4399.0.html
Initially seeded with 20k, please feel free to follow the link and donate additional funds to the posted address. My initial 20k are being sent to that address (from cryptsy) hopefully they will show up before Monday.
awesome idea! i like it! https://nextcoin.org/index.php/topic,4399.0.html
Initially seeded with 20k, please feel free to follow the link and donate additional funds to the posted address. My initial 20k are being sent to that address (from cryptsy) hopefully they will show up before Monday.
Version 0.2.1: http://www.docdroid.net/a3sf/forging0-2-1.pdf.html. Also, I'm making the TeX-source available: http://ge.tt/82uJYGQ1/v/0 (TeX-file + three .png pictures; compile with pdflatex).
For now, this is all that I can say about the math of forging (of course, comments and suggestions are very welcome!). Anyhow, if anyone can come up with any other Nxt-related math model (e.g., about network topology, etc.), I would be very interested to analyze it too!
https://forums.nxtcrypto.org/viewtopic.php?f=17&t=836
For now, this is all that I can say about the math of forging (of course, comments and suggestions are very welcome!). Anyhow, if anyone can come up with any other Nxt-related math model (e.g., about network topology, etc.), I would be very interested to analyze it too!
https://forums.nxtcrypto.org/viewtopic.php?f=17&t=836
Can people please stop chain-quoting everything? This thread is difficult enough to read due to sheer size alone.
This is my question as well. Instead of using nodecoin as the sole incentive for running a node...why not let the OTHER assets on NXT be the reward? You could reward people small amounts of any coin (or asset) they desire from the trading fees (small amounts...say 0.00000010 or less). Someone with a large stake in NXT could get slightly higher amounts. That way even someone that has just 1NXT...gets something for being an active node. That would give one hell of an incentive to get into NXT. Everyone becomes there own micro exchange.
Am I completely off base here?
of course! is a great idea!!!!
Everyone becomes there own micro exchange.
this is the solution. Nxt AE charges a small Nxt coin fee for each transaction and distributes
the fee to the active nodes
The active nodes receive two fees
A fee for each exchange assets independent of fund account
A fee as currently does nxt if node forges
if you want to use Nxt AE you have to use Nxt coins to pay the fees
NXT becomes the gateway to Bitcoin and the other alts (AND anything else thrown onto the platform...property, gold...you name it) by actively participating.
I must say your idea is a little better as it only deals with NXT, BUT not everyone wants to get into NXT or has a large stake in another alt.
NXT itself above all else must provide incentive for getting into it.
Yes i agree but with this solution
Nxt becomes much more valuable. nxt coins purchase is necessary to use Nxt AE
Nxt platform remains green
Nxt platform improves its security. people wants to active nodes
Nxt platform improves its decentralization. people wants to active nodes
So uh..........have we officially broken the TestNet now?
Yes: https://bitbucket.org/JeanLucPicard/nxt/issue/63/nullpointerexception-when-attachment
Come on, wesley. Give credit where it's due
https://bitbucket.org/JeanLucPicard/nxt/issue/62/testnet-breaks-when-flooded-with-bogus-bidOh yeah hehe, I posted the first because I wasn't sure if it was due to flooding or due to nullpointer.
I am going to keep asking untill someone either tells me that this is nonesense (and explain) or a real explanation... 
If NXT is ONLY a building block and NOT a currency- what will drive its value?
Some on this thread believe that the overall value of transactions within the NXT ecosystem will drive the value of a single NXT and the overall market cap even if NXT itself is no longer a currency. One other person in this thread called it the gold, the basic store of value etc.
I believe that this, or aspects of this are the real problem around the node discussion and a contradiction:
If this was a centralized company (like ripple or google) than I would be very happy to become a decentralized Sysco (infrastructure) or Google (implementation) and enjoy my price per share (the parallel to my price per NXT) go through the roof. However, in a decentralized setting- this is not the same thing. The NXT building blocks per se are not worth anything if not ALSO functioning as a unit of exchange either within the NXT ecosystem or as a combination of ecosystem and real world transactions (BTC in overstock or Virgin for example)
Since this is NOT a share or a financial asset per se (if primarily a building block as BCNEXT and friends want it) it will have no real monetary value. it will only have monetary value if used as the oil within the NXT ecosystem (this is what Etherium are doing with their ETHER), i.e. that you need to have some to create anything + to transact + to pay dividends etc. NOT just a building block.
Abandoning the 1.0 aspect of NXT will diminish the value from which a cap is derived
Using this as a 1.0 on top of the decentralized platform and requiring fees, pay dividends but stuff etc. will create a real economic value - an economy on which it will work.
Right now I dont see NXT as emphasizing 1.0 aspect and therefore dont see how it will hold value independently- but rather have great valuable decentralized asstets on top of it without real value as per 1NXT transferable to BTC or USD.
can someone argue against my assertion? thank you- and soryy for asking this for the 6th time in the past 10 days
If NXT is ONLY a building block and NOT a currency- what will drive its value?
Some on this thread believe that the overall value of transactions within the NXT ecosystem will drive the value of a single NXT and the overall market cap even if NXT itself is no longer a currency. One other person in this thread called it the gold, the basic store of value etc.
I believe that this, or aspects of this are the real problem around the node discussion and a contradiction:
If this was a centralized company (like ripple or google) than I would be very happy to become a decentralized Sysco (infrastructure) or Google (implementation) and enjoy my price per share (the parallel to my price per NXT) go through the roof. However, in a decentralized setting- this is not the same thing. The NXT building blocks per se are not worth anything if not ALSO functioning as a unit of exchange either within the NXT ecosystem or as a combination of ecosystem and real world transactions (BTC in overstock or Virgin for example)
Since this is NOT a share or a financial asset per se (if primarily a building block as BCNEXT and friends want it) it will have no real monetary value. it will only have monetary value if used as the oil within the NXT ecosystem (this is what Etherium are doing with their ETHER), i.e. that you need to have some to create anything + to transact + to pay dividends etc. NOT just a building block.
Abandoning the 1.0 aspect of NXT will diminish the value from which a cap is derived
Using this as a 1.0 on top of the decentralized platform and requiring fees, pay dividends but stuff etc. will create a real economic value - an economy on which it will work.
Right now I dont see NXT as emphasizing 1.0 aspect and therefore dont see how it will hold value independently- but rather have great valuable decentralized asstets on top of it without real value as per 1NXT transferable to BTC or USD.
can someone argue against my assertion? thank you- and soryy for asking this for the 6th time in the past 10 days
This is my question as well. Instead of using nodecoin as the sole incentive for running a node...why not let the OTHER assets on NXT be the reward? You could reward people small amounts of any coin (or asset) they desire from the trading fees (small amounts...say 0.00000010 or less). Someone with a large stake in NXT could get slightly higher amounts. That way even someone that has just 1NXT...gets something for being an active node. That would give one hell of an incentive to get into NXT. Everyone becomes there own micro exchange.
Am I completely off base here?
of course! is a great idea!!!!
Everyone becomes there own micro exchange.
this is the solution. AE NXT exchange charges a small Nxt coin fee for each transaction and distributes
the fee to the active nodes
The active nodes receive two fees
A fee for each exchange assets independent of fund account
A fee as currently does nxt if node forges
if you want to use AE nxt you have to use Nxt coins to pay the fees
Damn...screwed up the quotes
Yes...but also you are also actively collecting small shares of other assets, like Bitcoin, Litecoin, etc. as part of running a node. You could actively choose which. Say you want to collect Bitcoin one day, but Litecoin the next as it is doing well. The reward for being an active node is receiving a part of the transaction fee in that asset as well as NXT. It could be structured so that NXT stays valuable. Say you have nodes with 1-100,000 NXT....well they may only receive 0.00000001 per transaction, but maybe receive it every other transaction. That way no one amounts so much of an asset that NXT becomes less valuable.
NXT becomes the gateway to Bitcoin and the other alts (AND anything else thrown onto the platform...property, gold...you name it) by actively participating.
I must say your idea is a little better as it only deals with NXT, BUT not everyone wants to get into NXT or has a large stake in another alt.
NXT itself above all else must provide incentive for getting into it.
So uh..........have we officially broken the TestNet now?
Yes: https://bitbucket.org/JeanLucPicard/nxt/issue/63/nullpointerexception-when-attachment
Come on, wesley. Give credit where it's due
https://bitbucket.org/JeanLucPicard/nxt/issue/62/testnet-breaks-when-flooded-with-bogus-bid 
So uh..........have we officially broken the TestNet now?
Yes: https://bitbucket.org/JeanLucPicard/nxt/issue/63/nullpointerexception-when-attachment
Nifty.
What are the current ideas of having coins on top of Nxt:
- Coins via Asset Exchange
- Coins as parallel blockchains
- Using AM (How? And is this idea dismissed?)
- ...?
- Coins via Asset Exchange
- Coins as parallel blockchains
- Using AM (How? And is this idea dismissed?)
- ...?
+1
Would be great if someone can create a write-up outlining the differences.
So uh..........have we officially broken the TestNet now?
Yes: https://bitbucket.org/JeanLucPicard/nxt/issue/63/nullpointerexception-when-attachment
So uh..........have we officially broken the TestNet now?
One thing comes to mind that everyone seems to not even consider:
The big whales, what about if they are systematically dumping NXT to not cause a huge price fluctuation so they can still profit?
Everyone seems to think they are trying to help people buy into NXT cheap, what about if the opposite is true and they are tryign to cash out as high as possible before the market goes lower.
I mean, if they really wanted to help, from the beginning they would have redistributed all their large sums of NXT in order for it to be more fair and have a more stable market fluctuation.
That is all.
I will be leaving but invested in NXT with much smaller safe sums.
Hope the project takes off for those who have worked hard to get it going, I have given up and it seems like almost everyone here is living in imagination land.
Just remember, for NXT to even be worth one dollar, it has to reach at least a market cap of $1 billion dollars.
It's a long way from that and the community is not reaching the people that need to be reached: The average person.
The big whales, what about if they are systematically dumping NXT to not cause a huge price fluctuation so they can still profit?
Everyone seems to think they are trying to help people buy into NXT cheap, what about if the opposite is true and they are tryign to cash out as high as possible before the market goes lower.
I mean, if they really wanted to help, from the beginning they would have redistributed all their large sums of NXT in order for it to be more fair and have a more stable market fluctuation.
That is all.
I will be leaving but invested in NXT with much smaller safe sums.
Hope the project takes off for those who have worked hard to get it going, I have given up and it seems like almost everyone here is living in imagination land.
Just remember, for NXT to even be worth one dollar, it has to reach at least a market cap of $1 billion dollars.
It's a long way from that and the community is not reaching the people that need to be reached: The average person.
That is your opinion and you are welcome to it. I believe that products based on NXT need to reach a percentage of the average people but NXT could be for just a few thousand of us fortunate enough to see a good thing early and get in on it.
fact or fiction...
lemonandfries == emule....
fact!!!
lemonandfries == emule....
fact!!!
I am a simple bio/physics major student. Leave that idea alone already.
I wish I was emule because then I'd have a bunch of money, but sadly I am not.
I will leave you with that, such an irrational and illogical community,
Talk about close mindedness and wishful thinking.
You are a student and you are preaching about imagination land. Haha, okay, let the big boys continue the discussion in the real world.
fact or fiction...
lemonandfries == emule....
fact!!!
lemonandfries == emule....
fact!!!
I am a simple bio/physics major student. Leave that idea alone already.
I wish I was emule because then I'd have a bunch of money, but sadly I am not.
I will leave you with that, such an irrational and illogical community,
Talk about close mindedness and wishful thinking.
All right people please explain this to me;
Is it possible that some criminal have an automatic bot that all day long is guessing the secret passphrase for NXT accounts. If the bot found a passphrase that GOT some NXT in it, send it to one allocated account and if there is NOT NXT proceed to next guessing. If you do this with very power computer / bot for a long time this will have success. How long will it take that the NXT accounts are all discovered?
Can we build something to prevent this?
Is it possible that some criminal have an automatic bot that all day long is guessing the secret passphrase for NXT accounts. If the bot found a passphrase that GOT some NXT in it, send it to one allocated account and if there is NOT NXT proceed to next guessing. If you do this with very power computer / bot for a long time this will have success. How long will it take that the NXT accounts are all discovered?
Can we build something to prevent this?
Yes, this was discussed a while back ago. Happens all the time with Nxt implementation of 'secret passphrase'. Some out there is constanly mining for passwords. In fact DoctorEvil who cracked the genesis account a while back ago said that a big percentage of coin in 'mineable' in this way.
Just a minor point - people are attacking all crypto's in this way all the time... Its just the others hide the passphrase in a wallet and generate it for you which is what some of the new clients do...
There has been a recent review of NXT Crypto which has confirmed its safety if you use a strong passphrase...
Suggest you read it.
One thing comes to mind that everyone seems to not even consider:
The big whales, what about if they are systematically dumping NXT to not cause a huge price fluctuation so they can still profit?
Everyone seems to think they are trying to help people buy into NXT cheap, what about if the opposite is true and they are tryign to cash out as high as possible before the market goes lower.
I mean, if they really wanted to help, from the beginning they would have redistributed all their large sums of NXT in order for it to be more fair and have a more stable market fluctuation.
That is all.
I will be leaving but invested in NXT with much smaller safe sums.
Hope the project takes off for those who have worked hard to get it going, I have given up and it seems like almost everyone here is living in imagination land.
Just remember, for NXT to even be worth one dollar, it has to reach at least a market cap of $1 billion dollars.
It's a long way from that and the community is not reaching the people that need to be reached: The average person.
The big whales, what about if they are systematically dumping NXT to not cause a huge price fluctuation so they can still profit?
Everyone seems to think they are trying to help people buy into NXT cheap, what about if the opposite is true and they are tryign to cash out as high as possible before the market goes lower.
I mean, if they really wanted to help, from the beginning they would have redistributed all their large sums of NXT in order for it to be more fair and have a more stable market fluctuation.
That is all.
I will be leaving but invested in NXT with much smaller safe sums.
Hope the project takes off for those who have worked hard to get it going, I have given up and it seems like almost everyone here is living in imagination land.
Just remember, for NXT to even be worth one dollar, it has to reach at least a market cap of $1 billion dollars.
It's a long way from that and the community is not reaching the people that need to be reached: The average person.
NXT AT PROJECT HELP. NEED JAVA PROGRAMMER.
This is a request by CIYAM for help with AT. Need to get on this asap
Quote:
The first thing we are going to need is a Java programmer to convert my C++ prototype (and yes I want the Java code to use the console so we can easily run test cases).
Unfortunately CfB isn't interested in doing this in a way that would allow for proper testing so I'd rather he wasn't actually involved in AT other than providing assistance with the Nxt AT API side of things (i.e. how Nxt AT can send and receive transactions as well as get other information and some general functions like say testing a hash value).
This is a request by CIYAM for help with AT. Need to get on this asap
Quote:
The first thing we are going to need is a Java programmer to convert my C++ prototype (and yes I want the Java code to use the console so we can easily run test cases).
Unfortunately CfB isn't interested in doing this in a way that would allow for proper testing so I'd rather he wasn't actually involved in AT other than providing assistance with the Nxt AT API side of things (i.e. how Nxt AT can send and receive transactions as well as get other information and some general functions like say testing a hash value).
Anyone interested in helping CIYAM?
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