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Topic: NXT :: descendant of Bitcoin - Updated Information - page 371. (Read 2761645 times)

sr. member
Activity: 308
Merit: 250
@wesleyh you might have missed my post a while back. But there is a spelling error in the client. The green box that pops up in the right corner telling me I've

just "sold" an asset says "sould" instead.

No, i replied to it, you missed my reply Smiley

Are you on http://nxtra.org/nxt-client or using a downloaded client? Only the online client is up to date and has that fixed. Press CTRL+F5 to force refresh if still occurring.
hero member
Activity: 715
Merit: 500
Nxt is a bubble I think

well, that seems like a deep thought.
legendary
Activity: 2408
Merit: 1004
Nxt is a bubble I think
sr. member
Activity: 316
Merit: 250
Simcoin Puny Humans Communicator
@wesleyh you might have missed my post a while back. But there is a spelling error in the client. The green box that pops up in the right corner telling me I've

just "sold" an asset says "sould" instead.
newbie
Activity: 49
Merit: 0
Hey Guys.

www.nextcoin24.org is a german Nextcoin Page...
more pages and infos will be added soon.

it would be great, if u add www.nextcoin24.org to your pages!

have a nice day...

to the moon!

Thanks! Nice design. Nice explanation. It should address average joe. Well done!
hero member
Activity: 714
Merit: 500
Crypti Community Manager
Guys, NXT is falling and you just talk about technical stuff, sure this is the basis but it's not all. I hope that the price won't be 0 when I return in April..

- Where is the SMF forum?
- Where is a good and professional homepage?
- Define an AE launch date, Mario will edit the date counter and make this public.
- Start a Reddit Marketing Campaign. The funds weren't allocate to someone of us. What is SalsaCZ doing? (I'm pretty sure MUCH in the background, but we need front actions)
- What are the plans of the 3 committees?
- What is about NXT.org?


You should do the following:

1.) Get NXT.org in your hands!
2.) Create a professional homepage there! (With: Get Started, Client Overview, Graphs from BTER/Cryptsy/Vircurex, the wiki, information about NXT (2 versions for normal guys, and for technical guys)..)
3.) Launch a SMF forum there with a few sections (General, Projects in development, Finished projects, Technical Discussion (Sub: Brainstorming), Promotion, META and 1 forum for each different languages)
4.) Integrate Wesleys Client (and the following program) into Jean-Luc's new NXT versions.
5.) Someone should code a program (for WIN, Mac OS, Linux) with the following functionality:
- Start it
- A small window appear and the NRS is starting in the background (the user can't see the terminal!)
-- You can see these things in the small window:
--- Overview of the blockchain (in percent, how far is it updated to the newest state. Nothing more! Just a number.)
--- Terminal log
--- A button to restart NRS
--- A button "Open Wallet" to open NRS (opens the browser and goes to localhost:7875)
--- A button "Open Tools" to open the admin tools
( Later you should add a save/open button to create/open a wallet.dat, in which is the password (encrypted) )


If you have this, even beginner can start NRS and handle it! They just have to start the program, click on the button and they are in the wallet. Nothing more.. (They even don't need to know that this is not a "wallet")



A few weeks/months ago I was planning to do all this against a payment. Nobody of the major stakeholders wanted to pay me. It's not a problem, but we need this ASAP!
hero member
Activity: 715
Merit: 500

My view has already partly been made when I said that the "community" gets asked for its opinion *beforehand* too much instead of being asked for opinions based on actual products. So that's my view on our development cycle: hampered by a skewed view of decentralisation.

Second: I do not believe mainstream people will use Nxt.

Did that get your attention?  Wink

I go a step further and state: most people do not use the internet.

People use Google, Facebook, Wikipedia, but they do not use "the internet".
They have no idea what "the internet", and even more: they fear "the internet" and they look strangely upon people actually involved in anything more that using a search engine or a simple email. I am sure most of us know that already.

In a similar way, I do not believe the mainstream user will ever use Nxt: they will use the services made possible by Nxt, whether through the infrastructure or through well-hidden implementations of Nxt tokens within another system.

Having had to explain "Nxt" to several "normal" investors, the first thing you notice is that they *do not care* about technicals and want to keep their users as far away from them as possible. They will never, ever put "this system uses Nxt" on their product. Forget it. The term "crypto" is too associated with crime and drugs to ever be used in any serious advertising.

We delude ourselves if we even think that Bitcoin under that name will be used. it won't: people are extremely afraid of it, and it doesn't matter one bit that this isn't true or not.
That doesn't mean that Bitcoin will be useless, it will just never be mentioned.

As far as I know, Nxt still functions in every way described. AE, DX, AM etc. are all features it has. Investors that I have spoken to see this value, and one has even bitten and will use Nxt (details to follow). However, will most people use Nxt? No, they will use his system "powered by Nxt".

The confusion comes in a large part from the way it was named at the start: as a coin. That name for what is actually a "token" used to operate on the Nxt system is misleading.
It does point to the value however. In the second part of the TF paper, it was called a token, too, and I think it's a good designation.

Recap:
1. What is Nxt? An ecosystem, encompassing all the features already described, to which the "Nxt" token grants access.
2. Will it be used by mainstream users? As a coin: no way. But then again, the same goes for all cryptos that call themselves openly cryptos. As an underlying infrastructure: hell yeah! It has more than enough potential for that.
3. Is this different from what we were told? I don't think so, but in my previous post I have already established that the same facts may lead to wildly divergent conclusions.
4. Am I blind to the tough times we are having and the lack of direction: nope. I just don't think it's an honest assesment of the four months of work and effort we have put in. Being "headless", this is nót unexpected at all.

This sound good too me, but, I think nxt can also be use as a coin for those who want to use it as a coin. For me, Crypto is the first service that nxt offer, but not the last.
sr. member
Activity: 392
Merit: 250
Any changes to nxt.properties or it is used from version 0.8.8? Just to be sure to update my public node fast Smiley
No changes to the default properties.
hero member
Activity: 715
Merit: 500
Decentralized computing systems built on the Nxt platform could locally solve all kinds of research projects

I want to get in touch with a computer center to find out how much they would be willing to pay on the power of computation assignment by thousands of nodes that could be connected to the nxt network.

This would solve the nxt network maintenance.

we must seek to maintain nxt network by leasing the computing power of the network itself.

So you want to make it into a POW? Green marketing, done for.

I don't think it would be a POW, if computational ressource is put at good use, e.g. for science, then it might be a good decentralized service that nxt could offer.
legendary
Activity: 1092
Merit: 1010
I would like to hear more thoughts from everyone about the "State of the (NXT) Union"

It helps form a better overall picture.

(personally I fear that NXT would never reach the outside world and will always stay in the closed circle of this community, but I'm a tech newb so it doesn't count for anything)

I would really like to hear reasoning from those that believe that NXT will indeed be:

a.) the first choice for decentralized exchange and an asset exchange (ahead of other crypto solutions)

and

b.) will be so widely used among people as something we commonly use on the internet today

I would really like to hear thoughts from people that really believe this and that really see the path to this state.

(what I'm missing here lately is a clear direction and some greater confidence, because lately when comparing NXT to other crypto solutions you can feel at least a lack of purpose)

Be honest (even those that want to believe) as to where NXT is and where it's going...

My view has already partly been made when I said that the "community" gets asked for its opinion *beforehand* too much instead of being asked for opinions based on actual products. So that's my view on our development cycle: hampered by a skewed view of decentralisation.

Second: I do not believe mainstream people will use Nxt.

Did that get your attention?  Wink

I go a step further and state: most people do not use the internet.

People use Google, Facebook, Wikipedia, but they do not use "the internet".
They have no idea what "the internet", and even more: they fear "the internet" and they look strangely upon people actually involved in anything more that using a search engine or a simple email. I am sure most of us know that already.

In a similar way, I do not believe the mainstream user will ever use Nxt: they will use the services made possible by Nxt, whether through the infrastructure or through well-hidden implementations of Nxt tokens within another system.

Having had to explain "Nxt" to several "normal" investors, the first thing you notice is that they *do not care* about technicals and want to keep their users as far away from them as possible. They will never, ever put "this system uses Nxt" on their product. Forget it. The term "crypto" is too associated with crime and drugs to ever be used in any serious advertising.

We delude ourselves if we even think that Bitcoin under that name will be used. it won't: people are extremely afraid of it, and it doesn't matter one bit that this isn't true or not.
That doesn't mean that Bitcoin will be useless, it will just never be mentioned.

As far as I know, Nxt still functions in every way described. AE, DX, AM etc. are all features it has. Investors that I have spoken to see this value, and one has even bitten and will use Nxt (details to follow). However, will most people use Nxt? No, they will use his system "powered by Nxt".

The confusion comes in a large part from the way it was named at the start: as a coin. That name for what is actually a "token" used to operate on the Nxt system is misleading.
It does point to the value however. In the second part of the TF paper, it was called a token, too, and I think it's a good designation.

Recap:
1. What is Nxt? An ecosystem, encompassing all the features already described, to which the "Nxt" token grants access.
2. Will it be used by mainstream users? As a coin: no way. But then again, the same goes for all cryptos that call themselves openly cryptos. As an underlying infrastructure: hell yeah! It has more than enough potential for that.
3. Is this different from what we were told? I don't think so, but in my previous post I have already established that the same facts may lead to wildly divergent conclusions.
4. Am I blind to the tough times we are having and the lack of direction: nope. I just don't think it's an honest assesment of the four months of work and effort we have put in. Being "headless", this is nót unexpected at all.
full member
Activity: 168
Merit: 100
Decentralized computing systems built on the Nxt platform could locally solve all kinds of research projects

I want to get in touch with a computer center to find out how much they would be willing to pay on the power of computation assignment by thousands of nodes that could be connected to the nxt network.

This would solve the nxt network maintenance.

we must seek to maintain nxt network by leasing the computing power of the network itself.

So you want to make it into a POW? Green marketing, done for.

ok I understand.

then it should become only a more service.

nodes should be maintained only by transactions fees . back to the initial idea of ​​Bcnxt
hero member
Activity: 574
Merit: 500
Are multiple chains planned to be secured by "checking in" to a Masterchain for a fee?

Yes.

Therefore, any new coins on parallel chains will check into the Nxt Masterchain and pay a fee in Nxt.

So, all new coins will be linked to Nxt and will have to buy Nxt daily (tiny amount each) to support their own chains?

Therefore (finally), new coins will add value to Nxt by supporting the buying side.


Edit: Three important points I wanted to add:
1) Nodecoin is an asset on the AE and a proof of concept. This is different to the parallel blockchain above. It is only intended as a proof of concept but it is within nxt (part of AE) and will incur fees denominated in Nxt.
2) If we want coins on parallel chains and not in the AE, I don't think there is anything we can do to stop it.
3) James, don't get disheartened. It must feel like you are moving mountains and all anyone can do is snipe from the sidelines in between checking their wall on facebook*. What you are doing is important so keep going. Cheesy quotes are popular on the net so here goes:

"If you're going through hell, keep going"  Cool
legendary
Activity: 2142
Merit: 1010
Newbie
Are multiple chains planned to be secured by "checking in" to a Masterchain for a fee?

Yes.
hero member
Activity: 772
Merit: 500
same as here, localhost:7874 not working, i will just wait for another host  Grin
legendary
Activity: 2142
Merit: 1010
Newbie
pufff look at this massive sell at Bter.com...... Price at 0.0005 Sad

Big stakeholder moved 1.2 million to bter.

Good. I'd like to see his face after he sells this chunk and we announce the launch of the new feature.  Cheesy
hero member
Activity: 574
Merit: 500
I was trying to find the discussion with CfB taking part.


I am sure the idea is that new coins of top of Nxt ecosystem are planned to have their own chains that are secured by those using it (Disneyland currency, college cafeteria tec). Nxt will be the Masterchain that the rest of the chains check into at predetermined times (1440 blocks at present). This cost a negligible fee paid in Nxt. The idea, as I understand it, is to be pro-business and make barriers to entry next to nothing to encourage everyone to get involved. This also makes high tps possible as rather than one chain processing 1000tps, you have 100 chains doing 10tps each.

So, all coins will be tied to Nxt and be doing daily transactions in Nxt.

CfB, as much as I think you are probably enjoying seeing us twist in the wind throughout this stress test (!), can you please confirm or correct the above?

1000 tps is possible even with a single chain.


Are multiple chains planned to be secured by "checking in" to a Masterchain for a fee?
newbie
Activity: 16
Merit: 0
Which address do I need to use to access the webui for Nxt?

localhost:7874 is not working for me.

http://localhost:7875/

http://localhost:7876/admin.html
legendary
Activity: 2142
Merit: 1010
Newbie
I was trying to find the discussion with CfB taking part.


I am sure the idea is that new coins of top of Nxt ecosystem are planned to have their own chains that are secured by those using it (Disneyland currency, college cafeteria tec). Nxt will be the Masterchain that the rest of the chains check into at predetermined times (1440 blocks at present). This cost a negligible fee paid in Nxt. The idea, as I understand it, is to be pro-business and make barriers to entry next to nothing to encourage everyone to get involved. This also makes high tps possible as rather than one chain processing 1000tps, you have 100 chains doing 10tps each.

So, all coins will be tied to Nxt and be doing daily transactions in Nxt.

CfB, as much as I think you are probably enjoying seeing us twist in the wind throughout this stress test (!), can you please confirm or correct the above?

1000 tps is possible even with a single chain.
hero member
Activity: 784
Merit: 500
Which address do I need to use to access the webui for Nxt?

localhost:7874 is not working for me.
sr. member
Activity: 308
Merit: 250
pufff look at this massive sell at Bter.com...... Price at 0.0005 Sad

Big stakeholder moved 1.2 million to bter.
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