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Topic: NXT :: descendant of Bitcoin - Updated Information - page 354. (Read 2761645 times)

sr. member
Activity: 308
Merit: 250

It doesn't make sense to write what you call an ultralight client then.

Why would you not implement this yourself in a client and have a trustless solution?

THESE 2.  JLP, can you add an option to allow NRS to only process certain API requests from localhost?

Why? The prepareTransaction is good to get server side error handling (one shouldn't rely on client side error handling), when we get the response back, we can "unpack" it and see if it's the same as our input, if so, broadcast it out. You shouldn't disable this functionality.
sr. member
Activity: 952
Merit: 253
Nodecoin could be great if it could help for anonymity - everyone will be happy. Think something to use it!
Neer is in daily touch with me (as is Pouncer and now Aldrin) - we have no issue with what you say, stop worrying about this please!
Thanks, but I tend to worry about everything.

nodecoins are something everybody will have and it would make the perfect medium for the regular NXTmixer broadcasts without bloating NXT blockchain with 20,000 transactions per period. Using nodecoins as the carrier signal for encrypted payments using accounts funded by NXTcash funded accts will create the best anonymity of anything I am aware of. Even the ever skeptical anonymint didnt find anything major to complain about and that was before my latest improvements.

I was working on a dynamically self-adapting internal network that is resistant to Ddos attack and with a constantly changing designated mixing server, decentralized within the scope of the guardian servers. That is why I am using 100+ servers for this.

Then I was hijacked by all the complaints about nodecoin. Lets ignore the fact that the data that nodeminer reports can be used to recreate the exact NXT network topology and could be used to provide validation to TF or even provide an independent method of high TPS. All this nodecoin fear mongering by respected community members makes it quite difficult...

James

Wow sounds like node coins are the cryptographic equivalent of tachyons... or some other exotic, unstoppable, untraceable particle...
When you have some little time - Looking at some of the issues in the inf-com and other threads how can we understand some of the other possibilities/properties of node coins and your vision of how thinks like topology information can be done?
legendary
Activity: 1176
Merit: 1134
I think at least some of it is people playing catch-up. You move fast and were trying to get a full understanding of your ideas by the time you're on to the next one. This can trigger a knee-jerk reaction if people believe their investment may be affected. I think it is also legitimate and well placed concern and critical discussions are an important part of the idea process. Nobody, nor their ideas are perfect. These discussions can slow you down on good ideas at times, but can also expose bad ones. And sometimes people just don't know wtf they're talking about (me included of course). It's a hard earned skill to sort the wheat from the chaff.  When it comes down to it, you don't need anyone's permission to change the world. You can write code and pay mind to this community or not. Just keep pushing forward.
Except I am paid to do what this community wants, so when the community goes schizo, I have to stop. After all if everybody unanimously wanted to kill nodecoin, I would be honor bound to do so. At the very least nodecoin helps test the infrastructure of AE based coins and my guardian server idea.

I dont expect everyone to be able to understand how nodecoin, multisig gateway, NXTmixer and NXTcash all interoperate at the software and server level and the type of market dynamics it will create.

I do appreciate valid feedback based on code or math and I have shown this. I am quick to abandon any approach of mine that I find an improvement to. This is critical with my style of iterative implementation. I keep reworking things over and over, each time improving things, until it is done. I am usually the first one to find flaws in my code or design and fix it, but I know i am not the brightest guy around and always open to feedback.

Just because you dont understand something I am doing, doesnt mean it will kill NXT, even if somebody else that does not understand says it will. Keep in mind that I have a large percentage of my networth in NXT. Maybe a little faith that I am not going to actively do something to kill NXT would go a long ways in reducing peoples fears about any tech I am working on.

In any case, if I do come up with some sort of NXT addon tech that is truly a threat to NXT, would you rather have it be somebody else that discovers this?

James
sr. member
Activity: 396
Merit: 250
why is so much talk about nodecoins?

Just let us list the pros and cons, and then find a solution to the cons!

Pro:
- Support for the NXT network
- Pow miners as new users

Cons:
- Could gain the upper hand and reduce the value of NXT

Solution for Contra:
- Add a button in the asset creation for the maximum value of the asset (nodecoin)

I dont think that is much devlopment. But for fuck sake, we NEED nodecoin!

Done!

I do not understand why there are pages over pages complaning about nodecoin that the developer gets slowly tired of it...

Think about it. Apology but here are some if not many short thinker ...

Sorry for my bad english!

My 0.01 NXT! BTW when do we get fractions of NXT implemented?  Wink

+1
sr. member
Activity: 396
Merit: 250

Your mind clouds what your eyes see. There was no personal attack. I dare somebody else say to agree with you. Do you remember in the thread a long time ago he had a tantrum when alot of people saying he needs to slow down his ideas. Again today because not everybody like nodecoin he starts sarcastic comments about inventing more coins. TF coin global warming coin. That I call childish tendencies wouldn't you? Like I said sensitive is better term.

I call it sarcasm, and selfdefense, if you really want to know. But it's irrelevant. James said it himself - it's hard to keep up the spirit, when everything seems uphill. I appreciate this ANN instead of James just fighting or putting up a false happyface.
Get some sleep, James. We support you. Get some sleep, James. We'll brainstorm Nodecoin tomorrow. Maybe it can be better.
Don't mix Nodecoin up with "all you do for Nxt". It's Nodecoin. An experiment, and one of your babies, made for the community, we know, but one. People (stakeholders!) are questioning EVERYTHING here, but you don't hear complaints about NxtCash or NxtMixer now, do you? Remember that, because the discussion about Nodecoin is not over, and you can't expect everybody to adjust to it, just because you got hurt. Sleep. Think. Drink tea. Relax. We got your back, you got ours.
sr. member
Activity: 952
Merit: 253
jl777 I now understand why nodecoin is bad for NXT. But according to you I am not allowed to have this opinion. And according to your cheerleaders
me having this opinion makes me a negative troll. So in order not to disrespect you I have to say nodecoin is smart. And your supporters for them not
to call me a negative person I must say go nodecoin because jl777 works alot at it so he is ofcourse right.

I was wrong to say childish. You are very sensitive I think is better term.

Your FIRST post, which damelon responded to was 3 lines
The first words said you 'had no opinion on node coin'

The rest of your entire post was an unjustified attack on a respected member of this forum so yes you will get criticised.

If you understand why node coin is bad please explain it to me because I don't!

You are very welcome to have your opinions about what is being done but i would stay out of the public personal feedback territory.

If you notice there are many with negative opinions about node coin but they are not making personal attacks.
legendary
Activity: 1176
Merit: 1134
James 10000 NXT sent to 18146608053740744717
Thank you!
It is easy to forget about the silent majority, when the vocal minority is doing all talking
member
Activity: 83
Merit: 10
jl777 aka James,

I fully support your effort towards development of Nxt. Already in the short time here you have developed and implemented several disruptive technologies.

I recommend you take klee's advice, pay you and your guys for the hours in to Nxt, post it and take a day or three away from this thread.

The technology you are showing use case uses for is so disruptive that members of the community react in fear, irrationally of what they do not understand.

Please don't take the ignorance of some BCT forum members (who may or may not be NXT stakeholders) personally in any way.

I will be representing the ground-breaking technologies that Nxt is developing on March 25th at Coinsumm.it and it is my intention to seek out interested investors and developers for this innovative cryptocurrency ecosystem, to which James is adding tremendous value.

Take a day James. You deserve it. Ignore the naysayers.

Sincerely,

Brian Snyder

+1

please keep up the good work James!
legendary
Activity: 1176
Merit: 1134
Nodecoin could be great if it could help for anonymity - everyone will be happy. Think something to use it!
Neer is in daily touch with me (as is Pouncer and now Aldrin) - we have no issue with what you say, stop worrying about this please!
Thanks, but I tend to worry about everything.

nodecoins are something everybody will have and it would make the perfect medium for the regular NXTmixer broadcasts without bloating NXT blockchain with 20,000 transactions per period. Using nodecoins as the carrier signal for encrypted payments using accounts funded by NXTcash funded accts will create the best anonymity of anything I am aware of. Even the ever skeptical anonymint didnt find anything major to complain about and that was before my latest improvements.

I was working on a dynamically self-adapting internal network that is resistant to Ddos attack and with a constantly changing designated mixing server, decentralized within the scope of the guardian servers. That is why I am using 100+ servers for this.

Then I was hijacked by all the complaints about nodecoin. Lets ignore the fact that the data that nodeminer reports can be used to recreate the exact NXT network topology and could be used to provide validation to TF or even provide an independent method of high TPS. All this nodecoin fear mongering by respected community members makes it quite difficult...

James
sr. member
Activity: 952
Merit: 253
James

I appreciate what you are doing, and I'm sure most everyone else here does as well. I'll send you some nxt when I get to a trusted computer - what's your preferred address?

Your ideas and work are going to receive criticism, because everyone here is financially and emotionally invested in nxt. I just wish that people here would not resort to claiming that nxt is doomed if their ideas don't win out. A community of people that is constantly at each others throats will ultimately damage the nxt experiment.
it already has damaged
this is the third day I have lost due to negativity in the last few weeks
worse is, each time I find it harder and harder to get back in a groove

Would you peoples be treating CfB or jean-luc this way? I know I am nothing compare to them, but dont I deserve at least a little respect?

I read everything. I have no opinion on node coin. Nobody has disrespected you. Is your idea of respect loving node coin and not stating
their opinions as to why they feel it is bad for NXT? You have childish tendencies from what I've seen in this thread. Just because you
work hard for nxt does not mean you are doing the right thing. If your ideas receive a lot of negativity where others do not, think about why that is.

Thank you for the most useless post of the day.
Coming into a thread, and not even adding something with content, but immediately starting with a personal attack on one of the person who has worked the hardest on this project.

Well, great! Just great! Do you feel like a big man now?

James, I've said it before and say it again: big respect for the fact that you put your money where your mouth is. I appreciate your efforts enormously and find your work ethics a joy to behold.

I sincerely hope you will be able to load up your battery again and have fun in your creating again. Smiley


+999,999,999 nodecoins Smiley
member
Activity: 84
Merit: 10
If any one here thinks the competition isn't tight for cryptocurrency exchanges; this is required reading...

http://blogs.wsj.com/moneybeat/2014/03/12/bitbeat-coindesk-index-finds-a-mt-gox-replacement/
sr. member
Activity: 397
Merit: 500
James 10000 NXT sent to 18146608053740744717
member
Activity: 87
Merit: 10
James

I appreciate what you are doing, and I'm sure most everyone else here does as well. I'll send you some nxt when I get to a trusted computer - what's your preferred address?

Your ideas and work are going to receive criticism, because everyone here is financially and emotionally invested in nxt. I just wish that people here would not resort to claiming that nxt is doomed if their ideas don't win out. A community of people that is constantly at each others throats will ultimately damage the nxt experiment.
it already has damaged
this is the third day I have lost due to negativity in the last few weeks
worse is, each time I find it harder and harder to get back in a groove

Would you peoples be treating CfB or jean-luc this way? I know I am nothing compare to them, but dont I deserve at least a little respect?

I read everything. I have no opinion on node coin. Nobody has disrespected you. Is your idea of respect loving node coin and not stating
their opinions as to why they feel it is bad for NXT? You have childish tendencies from what I've seen in this thread. Just because you
work hard for nxt does not mean you are doing the right thing. If your ideas receive a lot of negativity where others do not, think about why that is.

Thank you for the most useless post of the day.
Coming into a thread, and not even adding something with content, but immediately starting with a personal attack on one of the person who has worked the hardest on this project.

Well, great! Just great! Do you feel like a big man now?

James, I've said it before and say it again: big respect for the fact that you put your money where your mouth is. I appreciate your efforts enormously and find your work ethics a joy to behold.

I sincerely hope you will be able to load up your battery again and have fun in your creating again. Smiley


Your mind clouds what your eyes see. There was no personal attack. I dare somebody else say to agree with you. Do you remember in the thread a long time ago he had a tantrum when alot of people saying he needs to slow down his ideas. Again today because not everybody like nodecoin he starts sarcastic comments about inventing more coins. TF coin global warming coin. That I call childish tendencies wouldn't you? Like I said sensitive is better term.
full member
Activity: 196
Merit: 100
i claim the NXT market cap will correlate with the SUM of the value of all the assets in AE. I provide as evidence, XRP market cap, which has done exactly that. At least as a rough approx, as big surge in December corresponded to big influx in CNY and subsequent decay in gradual exodus of assets out of ripple network.

Like it or not, AE makes NXT a similar animal as XRP. I have first hand experience with ripple and how it has fluctuated. I used to be an active market maker there, until the total fiat inside ripple drained away. I am not an economist, but when I see 70% of assets disappear and market value drops by 70%, well I was able to put two and two together.

What is your evidence of NXT destruction?

How exactly did you envision creating an economy using NXT by by building on top of NXT?
What is an economy? Isnt it people trading stuff with each other? Having a coinmarketcap war inside of NXT will bring a lot of activity and new blood into NXT. It will spawn the need for charting services, automated bot services, market makers, etc. Not exactly the joe-sixpack demographic, but in crypto land we know this is the group that provides liquidity.

I believe that I understand a lot of nuances about all this. If you have any evidence to support your theory that having active trading market of assets is totally destructive to NXT, please post. Otherwise you are just yelling "fire" in a movie theater, when there is no fire.

James

James, I'm gonna stop yelling fire in the movie theatre.  I am not an economist and I have no idea what will happen with nodecoin, I only have my fears.  I am an adventurer, tho, so ultimately I say let's let it rip and see what happens.  You have worked hard and have created an innovative piece of tech that has revolutionary potential.  You deserve kudos and compensation.  I do not want to be a wet blanket that destroys your enthusiasm, your enthusiasm is one of the greatest assets we have in this community.  So please accept my admiration for you doing what I do not have the skill set to do myself.

We all care about NXT and have our own ways to contribute to it.   My ways to contribute are basically to promote it as a first gen coin with key advantages over Bitcoin - green, efficient PoS TF, lightweight / prunable blockchain, 1000TPS, up-and-coming anonymity via mixing/zerocash, etc. etc.  This is what I understand best and what I think I can push / sell to a receptive audience.  My preference would be for dev work to concentrate on bringing these 1st gen capabilities online ASAP, get NXT established as a strong 1st gen coin, THEN bring on the 2nd gen icing on the cake.  Instead we seem to be jumping right into the 2nd gen goodness as our main claim to fame - AE, nodecoin/othercoins, alias registration.  Maybe rolling out these new revolutionary capabilities first will cause NXT to take off like a rocket. I hope so.  

It's all gonna get developed eventually, this group is that smart.  I only hope that our sequencing of rollout is optimal instead of haphazard.  No matter what, you've done great and we all appreciate your efforts.  That's a fact.
member
Activity: 84
Merit: 10
jl777 aka James,

I fully support your effort towards development of Nxt. Already in the short time here you have developed and implemented several disruptive technologies.

I recommend you take klee's advice, pay you and your guys for the hours in to Nxt, post it and take a day or three away from this thread.

The technology you are showing use case uses for is so disruptive that members of the community react in fear, irrationally of what they do not understand.

Please don't take the ignorance of some BCT forum members (who may or may not be NXT stakeholders) personally in any way.

I will be representing the ground-breaking technologies that Nxt is developing on March 25th at Coinsumm.it and it is my intention to seek out interested investors and developers for this innovative cryptocurrency ecosystem, to which James is adding tremendous value.

Take a day James. You deserve it. Ignore the naysayers.

Sincerely,

Brian Snyder
member
Activity: 87
Merit: 10
jl777 I now understand why nodecoin is bad for NXT. But according to you I am not allowed to have this opinion. And according to your cheerleaders
me having this opinion makes me a negative troll. So in order not to disrespect you I have to say nodecoin is smart. And your supporters for them not
to call me a negative person I must say go nodecoin because jl777 works alot at it so he is ofcourse right.

I was wrong to say childish. You are very sensitive I think is better term.
legendary
Activity: 1092
Merit: 1010
James

I appreciate what you are doing, and I'm sure most everyone else here does as well. I'll send you some nxt when I get to a trusted computer - what's your preferred address?

Your ideas and work are going to receive criticism, because everyone here is financially and emotionally invested in nxt. I just wish that people here would not resort to claiming that nxt is doomed if their ideas don't win out. A community of people that is constantly at each others throats will ultimately damage the nxt experiment.
it already has damaged
this is the third day I have lost due to negativity in the last few weeks
worse is, each time I find it harder and harder to get back in a groove

Would you peoples be treating CfB or jean-luc this way? I know I am nothing compare to them, but dont I deserve at least a little respect?

I read everything. I have no opinion on node coin. Nobody has disrespected you. Is your idea of respect loving node coin and not stating
their opinions as to why they feel it is bad for NXT? You have childish tendencies from what I've seen in this thread. Just because you
work hard for nxt does not mean you are doing the right thing. If your ideas receive a lot of negativity where others do not, think about why that is.

Thank you for the most useless post of the day.
Coming into a thread, and not even adding something with content, but immediately starting with a personal attack on one of the person who has worked the hardest on this project.

Well, great! Just great! Do you feel like a big man now?

James, I've said it before and say it again: big respect for the fact that you put your money where your mouth is. I appreciate your efforts enormously and find your work ethics a joy to behold.

I sincerely hope you will be able to load up your battery again and have fun in your creating again. Smiley
legendary
Activity: 1498
Merit: 1000
Nodecoin is not a clear cut issue. It seems more want to see where this goes than not. James, release the hounds. I hope you make a lot of money on it.

As far as I know James does not care much about money. He's got a nice IRL income... he doesn't really require more than that. He has enough to comfortably use his brain.
I have no RL income, all my income comes from crypto. I am currently working on a three month contract funded by neer.g for $2000 USD/month paid in NXT. Based on the number of hours I work, it is about minimum wage, but that is all I need to cover RL expenses.

If my performance is insufficient (or I inadvertently destroy NXT) I dont imagine my contract will be renewed after May 12th

My charter is to do the community's will, so when the community is divided, I need to figure out what to do instead of coding.

I am in the curious position of having authority over millions of NXT, but since there was nobody who would sign up to do the bounties fulltime, I decided it was best if I just implemented what I saw best for NXT. Due to conflict of interest concerns, I cant authorize payments to myself for my dev work, not that I have actually formally released anything yet.

James

P.S. There have been some kind donations to me personally, but I think so far it is less than 2000 NXT total.

1M NXT for zerocoin implementation
Yes, that is the budget for NXTcash operating expenses, but the NXTcash completion bonus fund http://87.230.14.1/nxt/nxt.cgi?action=100 has 33,000 NXT in it.

I am assuming I cant pay myself anything from the NXTcash operating budget, so it falls into the same category as the NXTcommunityfunds (other than neer.g's setaside for me)

James
Why? This was supposed to cover whatever expense you might need to, including salaries for everyone involved, including you (at least part of them)!

The completion bonus fund should be higher but I don't see why not to cover your manhours (and others) from my donations.

Can we have a clear picture on the status of my donation? Where they have been spent? How? We need transparency in this I think..
Total NXTcash operating fund spent to date: 0 NXT

Bloodyrookie and marcus03 put together a proof of concept version. With parallel chains a possibility, it really affects the project path, so that needs to be clarified. Though marcus could start work on most of the client side changes as they are pretty independent of specific server side details.

i am designing nodecoin and multigateway and NXTmixer and NXTcash to share the same codebase and even same set of server infrastructure, so it is hard to allocate my time based on project as they are all interconnected in my mind. It just seems like doubledipping if I am getting paid from neer.g and to claim NXTcash payments on top.

James
Nodecoin could be great if it could help for anonymity - everyone will be happy. Think something to use it!
Neer is in daily touch with me (as is Pouncer and now Aldrin) - we have no issue with what you say, stop worrying about this please!
member
Activity: 94
Merit: 10
Nodecoin will not allow you to circumvent Nxt fees, it's not built into core.  It's just an asset that you get for running a node, very simple. People will have to run Nxt client to get Nodecoin, so I have no idea why this would be perceived as bad for Nxt.  Nodecoin should be redeemable for accessing services (DAC, NxtCash, whatever), not for Nxt itself.  I don't see anyone trading Nxt for Nodecoin.  It gives us a good testcase for AE coins.  Thank you James.  Now let's help James with DAC, NxtCash, the good stuff!  

If you run a NXT node, you are supposed to receive NXTcoins and it is called forging. That is what NXTcoins are designed to do. If you think people running nodes don't get enough Nxtcoins, you need to fix it by increasing the transactions or compensate with NXT or btc. You don't compensate them with nodecoins because nodecoins are created from nowhere and almost no cost. Then you pay 0.01 Nxtcoin for 1 nodecoins. You devalue the Nxtcoins right here. All transactions (dac, nxtcash, Escrow service and so on) on NXT platform should be charged with NXT and NXT alone.

Imaging in the future, if there are 30% nodes are compensated by nodecoins, will you still be able to control the price and only pay 0.01 NXT for 1 nodecoins? No, it will be 1 nodecoin=0.3 Nxtcoin. It will devalue NXTcoins right there.

It is great to create coins on top of NXT. It is also BCNext's vision. But you need to do it with a business purpose, not doing what Nxtcoins are supposed to do. BCNext has mentioned that he tried to reduce mining for mining (selfish mining). We should not double reward this kind forging/mining for mining thing, especially at NXT owners cost. This is definitely not consistent to BCNext's vision.
sr. member
Activity: 396
Merit: 250
James, the negativity gets on everybody's nerves. It really sucks. But there's the FUD, and then there are people trying to understand and therefore asking questions, expressing their fears. So be it. As for the Ddos-accusations (maybe caused by jet lag and too much latté, I recall Wink), please remember the applauses you got too. Page after page. They still stand. The community backs you up, big time, but fanboys don't scream as loud as the opposers. We all believe in you, but not everybody can step up and argument for you. This because you are way ahead of most, work solo, and act instead of explaining everything in detail first. When you do explain, it often results in an even better idea, and you are off again. Whew. I know how that mechanism works, but you cannot expect the whole community to follow that.

Of course you need help! Hire some. Or hire someone to hire some. Spend some Nxt for the community. I'm pretty sure that most here wish they could help, but we can't. We can add to your ideas, but not code them. And since talking but not communicating our visions openly seems to be a problem here, open a thread - or a 1000 threads - like you announced that you would, and we'll be there. Involve more people, and you will have more voices battling the negativity too. Take a day off and consider how to let us in. We will all benefit.
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