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Topic: NXT :: descendant of Bitcoin - Updated Information - page 360. (Read 2761645 times)

legendary
Activity: 1176
Merit: 1134
What about a TF coin?

It will be awarded to all the nodes that publish their IP address that enables transparent forging. Based on the nodecoin discussion, I am convinced this will kill TF. After all, anything that reinforces a certain behavior is sure to do the exact opposite.

James

Edit: Too late, I just issued TFcoin. TF is doomed!
legendary
Activity: 1092
Merit: 1010
I like to see this side of you. You never showed your sense of humor before it is quite funny. BTW nodecoin to me is not "bad" for nxt. I think we are better off without it.

I'm sure we all want to end this discussion. Can some people who are pro nodecoin please state why James should continue with it and be specific.

BTW I think how you were able to get nodecoin to work was very clever and all by yourself, amazing.

I will not state pro or against, because it is not the fundamental discussion.
If we are going to engage in that kind of discussion, we would need to do it for each and every coin someone wants to create.

And who would judge? Another committee? "The community"?
Which community? The one here on BCT? The one on nextcoin.org? The one on nxtcrypto? Reddit?

The fact is that the genie is out of the bottle and this isn't something you can "vote" on.

The discussion is not about whether or not a particular implementation of a feature is good or bad, but the fact that apparently we are now seeing what this particular feature does.

sr. member
Activity: 316
Merit: 250
Simcoin Puny Humans Communicator
Regardless of the whole NodeCoin discussion, this ís the heart of the problem with this discussion at all.

If Nxt has this possibility, it precludes the option to second guess it.

This coin is built on top of Nxt, and this function is there. Others may think of things we cannot imagine right now.

I posted this a few pages ago, but there is nó way we will be able to predict what will happen, because in Nxt everything affects everything. That is what it being a system means!

I find it a bit strange that James is being accused for doing what Nxt allows him to do. The fact whether this may or may not be ill advised is not the point.
The simple fact is that he does what is a fundamental possibility of Nxt, which is to add to it.

The discussion has focused on NodeCoin because that is what has been made now. Will we indeed have this same discussion with every single one of the hopefully hundreds of coins that will be created in the future?
Because that will not be possible. This is something that is there, and it's a given. I think it's a bit late to start having second thoughts about it when someone has worked literally weeks on something and has reported faithfully on what he has been doing.

It's not as if this was sprung on us suddenly.


I'm not jumping on this because it is the first coin on AE. It is because this directly affects forging. Nxt has to be secure before anything. Once forging is solved and all features
are implemented and all is stable, nobody is going to argue with anybody who introduces new coins through AE.
legendary
Activity: 1205
Merit: 1000
Crypto Review Completed, please read.  Thanks to Jesse James for completing with thorough review and BloodyRookie for reference.

From Jesse James:

"I spent some quality time reviewing the core crypto NXT relies on.  As part of my review I re-implemented the relevant algorithms https://gist.github.com/doctorevil/9521126 using a different approach in a different language to make sure I understood everything deeply.  Although the implementation NXT uses doesn't follow certain algorithm specifications to the letter, the deviations noted (motivated by simplicity and/or performance) seemed reasonable and in general nothing stuck out as a red flag.  There was one bug in the signature generation function (that NXT is aware of and currently working around) for which I've provided a patch (or more precisely tweaked BloodyRookie's proposed patch).  It should be should be safe for devs to incorporate this patch at their convenience.

Review: https://gist.github.com/doctorevil/9521116

Code: https://gist.github.com/doctorevil/9521126 "




Great job guys!  Smiley
sr. member
Activity: 316
Merit: 250
Simcoin Puny Humans Communicator
I have an idea!

If nodecoin is so bad for NXT, then I will create the antinodecoin. yes, this coins will reward only the accounts that are never active. Accounts that never help the NXT network. Those are the accounts that will get the antinodecoins

We need something to battle the evil nodecoin and the coin anti-earned by people who never use NXT is clearly the answer.

Just think of all those antinodecoins silently accumulating toward the nodecoin armageddon. Sparks will fly, prices will go up and down. NXT will be vaporized. NXT will reappear. Mass confusion and chaos.

I will also release globalwarming coins and globalcooling coins. If the days temperature is higher than the historical average, everybody gets globalwarming coins. If it is cooler, people get globalcooling coins.

James



I like to see this side of you. You never showed your sense of humor before it is quite funny. BTW nodecoin to me is not "bad" for nxt. I think we are better off without it.

I'm sure we all want to end this discussion. Can some people who are pro nodecoin please state why James should continue with it and be specific.

BTW I think how you were able to get nodecoin to work was very clever and all by yourself, amazing.
legendary
Activity: 1176
Merit: 1134
James

P.S. If somebody wants to pay me to kill nodecoin all you have to do is pay the server costs.

If all you want is to reward people to run a node or server you can reward them Nxt which was created and set up to do so.
OK, I will use all the NXT I have and then give it all away to people for running their NXT node. Yes, thats a very good idea. I will send myself 100 million NXT and use that to fund this. Would that work?

James

Edit: I need evil-knievel's help to get the 100 million NXT out of thin air first, so dont hold your breath for this
legendary
Activity: 1092
Merit: 1010
Assuming i can find backups of the source code I deleted and the magical cancerous pimpled nodecoin does come back. How exactly can it fail? If my servers get destroyed, somebody else can always make a new nodecoin as the source code of the current version is already out there.

Maybe we need to setup a NXT asset issuance committee? This way before anybody can issue a NXT asset, we make sure we get their home address, blood type, hell, we need to insist on DNA samples. Then we have to have a bunch of people who are psychics and can properly predict all futures assess whether a new asset type will be good or bad for NXT. After we form a committee to decide how to tell if something is good or bad for NXT.

Then and only after a thoroughly painful ordeal will we allow anybody to issue NXT assets.

Would that satisfy you?

James

Regardless of the whole NodeCoin discussion, this ís the heart of the problem with this discussion at all.

If Nxt has this possibility, it precludes the option to second guess it.

This coin is built on top of Nxt, and this function is there. Others may think of things we cannot imagine right now.

I posted this a few pages ago, but there is nó way we will be able to predict what will happen, because in Nxt everything affects everything. That is what it being a system means!

I find it a bit strange that James is being accused for doing what Nxt allows him to do. The fact whether this may or may not be ill advised is not the point.
The simple fact is that he does what is a fundamental possibility of Nxt, which is to add to it.

The discussion has focused on NodeCoin because that is what has been made now. Will we indeed have this same discussion with every single one of the hopefully hundreds of coins that will be created in the future?
Because that will not be possible. This is something that is there, and it's a given. I think it's a bit late to start having second thoughts about it when someone has worked literally weeks on something and has reported faithfully on what he has been doing.

It's not as if this was sprung on us suddenly.
legendary
Activity: 1176
Merit: 1134
James, you are being emotional again. You probably worked harder than anybody in the last month so calm a little. Nodecoin is your decision obviously. Nobody can stop you
from issuing it. It may work out very well. I can only give YOU my opinion as well as others give theirs. I only want you to hear what others are saying and think about it.
If you still believe in nodecoin then you know what to do and prove us wrong. I only care what's best for Nxt.
If nobody wants nodecoin, there is no point to it
member
Activity: 94
Merit: 10
James

P.S. If somebody wants to pay me to kill nodecoin all you have to do is pay the server costs.

If all you want is to reward people to run a node or server you can reward them Nxt which was created and set up to do so.
legendary
Activity: 1176
Merit: 1134
I have an idea!

If nodecoin is so bad for NXT, then I will create the antinodecoin. yes, this coins will reward only the accounts that are never active. Accounts that never help the NXT network. Those are the accounts that will get the antinodecoins

We need something to battle the evil nodecoin and the coin anti-earned by people who never use NXT is clearly the answer.

Just think of all those antinodecoins silently accumulating toward the nodecoin armageddon. Sparks will fly, prices will go up and down. NXT will be vaporized. NXT will reappear. Mass confusion and chaos.

I will also release globalwarming coins and globalcooling coins. If the days temperature is higher than the historical average, everybody gets globalwarming coins. If it is cooler, people get globalcooling coins.

James

full member
Activity: 224
Merit: 100
I don't even think it was supposed to be this big, for all we know this actually might have started as a get rich quick scam by BCNext.

R u sure that u r not Emule?

This is just to clarify, I AM NOT EMULE.

I am someone who had hopes for NXT as the crypto 2.0, but not anymore.

I invested a large amount of fiat into it, I want NXT to be succesful but seeing how this community actually works has turned me off.

What about you? Are you sure you're not BCNext posing under a different surname?

If you'd like heres a little about me:

At 15 I taught myself HTML (yes I can code whole website systems just with notepad), Flash 5 (I'm old), some Python, Java, and even a bit of C++.
I taught myself fine arts and have become a master artist since then.
I have also been an electrician, electronics engineer (not quite good), was majoring in electrical engineering but recently my studies have refocused to Biology, Biotechnology, and Physics.

So no, I am not emule. I am just a well rounded human being that wants the current economic structure to be reset to something that will help all of humanity and not just the chosen few.
NXT seemed like a good idea up until now that the community can't even get together to decide on something as simple as "Is it a coin or an exchange or a potato or a banana?"

Good day


Hm... for someone so "educated", you either cannot see the bigger picture, or are deliberately trying to ignore it. When you first came into this thread, did you even read the first post? Because that should have signified that NXT is not simply a "coin". It can be used as one, but it also can provide many other decentralized services. The Asset Exchange has already encouraged a ton of economic activity (look at the IPOs, nodecoin, etc.) despite not even being released yet.

"Descendant of Bitcoin"

enough said.

http://dictionary.reference.com/browse/descendant?s=t

Where does it say "the descendant must be exactly the same as the parent"? A smartphone is a descendant of the phone, but obviously the smartphone does many more things than a normal "dumb"-phone can do.

BTW, investing purely based on a thread's title... is probably a bad idea. Again, the first post in this thread contains a wealth of information concerning what NXT is.
sr. member
Activity: 316
Merit: 250
Simcoin Puny Humans Communicator
James, you are being emotional again. You probably worked harder than anybody in the last month so calm a little. Nodecoin is your decision obviously. Nobody can stop you
from issuing it. It may work out very well. I can only give YOU my opinion as well as others give theirs. I only want you to hear what others are saying and think about it.
If you still believe in nodecoin then you know what to do and prove us wrong. I only care what's best for Nxt.
hero member
Activity: 763
Merit: 500
Crypto Review Completed, please read.  Thanks to Jesse James for completing with thorough review and BloodyRookie for reference.

From Jesse James:

"I spent some quality time reviewing the core crypto NXT relies on.  As part of my review I re-implemented the relevant algorithms https://gist.github.com/doctorevil/9521126 using a different approach in a different language to make sure I understood everything deeply.  Although the implementation NXT uses doesn't follow certain algorithm specifications to the letter, the deviations noted (motivated by simplicity and/or performance) seemed reasonable and in general nothing stuck out as a red flag.  There was one bug in the signature generation function (that NXT is aware of and currently working around) for which I've provided a patch (or more precisely tweaked BloodyRookie's proposed patch).  It should be should be safe for devs to incorporate this patch at their convenience.

Review: https://gist.github.com/doctorevil/9521116

Code: https://gist.github.com/doctorevil/9521126 "




Thank you Doctor evil/Jesse James so much.

+1 And thank msin as well!
legendary
Activity: 1176
Merit: 1134

Sorry James Wink
That's right, this was your idea! Hey, everybody you can blame Mises_77 Smiley
legendary
Activity: 1470
Merit: 1004
Nodecoins are a cancer - time will tell if I am right or wrong...

Cancer? Why? Nxt is meant to have coins built on top of it.
There are coins made by using the AM feature (see CfB's abandoned effort), parallel chain coins and nodecoin.
Nodecoin is parasitic IMO..

Disagree, I think implementing a mine-able coins in AE is a great innovation, regardless of where nodecoin goes, it's good work by James!  I think you are being a little dramatic with the cancer/parasitic remarks.
legendary
Activity: 1176
Merit: 1134
Cfb

I claim the 100,000 NXT bounty for finding the fatal flaw in NXT.

nodecoin!

yes, nodecoin will kill NXT. As soon as nodecoin comes out there will be no need for NXT. Lets ignore the fact that without NXT, nodecoin cannot exist, but the consensus is that nodecoin is a NXT killer. It doesnt exist outside of NXT, but it kills NXT.

Quite magical actually.

James

U injected the flaw, so it's u who ought to pay. Muahahaha.
OK, thanks!
Hey, I just paid myself 100000 NXT. Wow thanks jl777!!
sr. member
Activity: 316
Merit: 250
Simcoin Puny Humans Communicator
Nodecoins will never make Nxt worthless. Its not a horrible idea by any stretch. But if it was meant to help solve the unfair forging whiners then I say its better not to have it.
Stick to POS forging for Nxts.
legendary
Activity: 1176
Merit: 1134

Also, notice that if trying to boost the NXT network via nodecoin purchases doesnt work, what have we lost? Without nodecoin, there wouldnt even be that option. nodecoin price fluctuations do not impact NXT. nodecoin is not NXT. nodecoin is a NXT asset. If NXT relies on nodecoin for all of its network infrastructure incentive and nodecoin fails, then where are we? I think we would be where we are now, without nodecoin.

James

I'll tell you what we've lost. When AE goes live we will get many new nxters. They will buy Nxt, open their client to forge, and receive nodecoins without even having heard of them.
Now all newbies associate Nxt with nodecoins and maybe think they are related or the same. If nodecoins fail, you now got a whole bunch of new nxters used to getting these
nodecoins and you take them away and tell them go forge for nxt like we used to do. Huh? You want me to forge for a month and get 1 nxt? Are you crazy? Nxt is POS. We must
stick to that from the beginning and not confuse anybody. I think CFB said something like BCNext said POS will not be needed later? Another part of his plan we don't know? Until then
stick to POS. I was against pools but pools are better than nodecoin I think.
Assuming i can find backups of the source code I deleted and the magical cancerous pimpled nodecoin does come back. How exactly can it fail? If my servers get destroyed, somebody else can always make a new nodecoin as the source code of the current version is already out there.

Maybe we need to setup a NXT asset issuance committee? This way before anybody can issue a NXT asset, we make sure we get their home address, blood type, hell, we need to insist on DNA samples. Then we have to have a bunch of people who are psychics and can properly predict all futures assess whether a new asset type will be good or bad for NXT. After we form a committee to decide how to tell if something is good or bad for NXT.

Then and only after a thoroughly painful ordeal will we allow anybody to issue NXT assets.

Would that satisfy you?

James
sr. member
Activity: 462
Merit: 250
I don't even think it was supposed to be this big, for all we know this actually might have started as a get rich quick scam by BCNext.

R u sure that u r not Emule?

This is just to clarify, I AM NOT EMULE.

I am someone who had hopes for NXT as the crypto 2.0, but not anymore.

I invested a large amount of fiat into it, I want NXT to be succesful but seeing how this community actually works has turned me off.

What about you? Are you sure you're not BCNext posing under a different surname?

If you'd like heres a little about me:

At 15 I taught myself HTML (yes I can code whole website systems just with notepad), Flash 5 (I'm old), some Python, Java, and even a bit of C++.
I taught myself fine arts and have become a master artist since then.
I have also been an electrician, electronics engineer (not quite good), was majoring in electrical engineering but recently my studies have refocused to Biology, Biotechnology, and Physics.

So no, I am not emule. I am just a well rounded human being that wants the current economic structure to be reset to something that will help all of humanity and not just the chosen few.
NXT seemed like a good idea up until now that the community can't even get together to decide on something as simple as "Is it a coin or an exchange or a potato or a banana?"

Good day


Hm... for someone so "educated", you either cannot see the bigger picture, or are deliberately trying to ignore it. When you first came into this thread, did you even read the first post? Because that should have signified that NXT is not simply a "coin". It can be used as one, but it also can provide many other decentralized services. The Asset Exchange has already encouraged a ton of economic activity (look at the IPOs, nodecoin, etc.) despite not even being released yet.

"Descendant of Bitcoin"

enough said.
full member
Activity: 224
Merit: 100
@wesleyh: Did you see my PM's regarding asset aliases and categorizing? Obviously, it's not a super-priority right now, but would be good to have it integrated into your client before AE is released on mainnet.

yes i will reply to you tomorrow, sorry for the delay!

Thanks Wink Keep up the good work!
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