Topic: NXT :: descendant of Bitcoin - Updated Information - page 390. (Read 2761642 times)
I miss something new from Jean-Luc
Think of it this way: Buy running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.
Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.
Now use node coin as a tipping coin and Nxt is the king.
Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.
Now use node coin as a tipping coin and Nxt is the king.
holy crap thats a beast of a climb on bter? share holders done dumping?
Given that hacking a wallet file has the additional step of getting a copy of the wallet file, by how many bits of entropy should the password of the wallet file be protected?
Is wallet file encrypted by user password before you safe it to hard drive?
It doesn't really matter. 128-bit entropy is fine. The user password is going to be much smaller than 128-bit, but that's the risk the user takes by not having to type a very long type password every time they login to Nxt. Otherwise there is no point having walet file if that encryption password is just as long as Nxt password.
wallet file will allow the user to type smaller and easier to remember password. The real password (128-bit) will be stored in wallet file. Isn't that the purpose of wallet file?
But they would pay you with FIAT which you can spend on bitchizz and coke, while you can´t buy anything for nodecoin.
IF They did pay you. How many telcos are offering to pay you at this moment? Oh and they need to install HOW MUCH microwave antenna crap on your roof?
I have an idea. You don't worry about Nodecoin, and I will. At the end of a year, We can meet up and see who can afford the most bitchizz and coke.
Getting nodecoins automatically is really cool. But someone explain to me when real nodecoins start what is going to give them value? Isn't it a false
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
It's only a TEST !
Duh, read the bold part. Its a test now, I'm talking about when we are live on main and nodecoins start for real.
imagine you could mine nodeBitCoins, real easy and cheap. What would this do? RAISE IN PRICE because of arbitrage.
nodecoin value will follow NXT value, and if you mine them, you will get some.
Hey brooklynbtc,
hmmm I kinda get what you're saying. I am no expert but if you see it and James who obviously gave birth to it sees it then I can't
say anything except I hope it does what its suppose to because that would be brilliant if it did.
all these alt coins DO NOT have VALUE because they are new and cool (they BUBBLE for those reasons)
the reason any coins, crypto or fiat , (especially PoW coins) have value because WE decide that the value of what went into making them is TRANSFERRABLE and VALUABLE to others in free exchange
Nodecoins are valuable because they will be paid out to nodes who are serving to support the network.
Imagine if the mobile phone company said we're not going to build ANY towers, BUT if you run a tower at your house, we will pay you for doing this.
NXT is decentralized, so there is no COMPANY to build the towers. There is just users. So nodecoin will PAY them all to secure the network.
Forging is the same idea, except that forging proves the blockchain, and with PoS you need to HOLD coins to make coins.
PoW, like in nodecoin, will allow anyone to point their computer, pi, cubbie, or tv stick and no matter how much NXT, you can just get paid daily for mining nodes.
I've had it online for 90 minutes and pulled in 40 nodecoins..
But they would pay you with FIAT which you can spend on bitchizz and coke, while you can´t buy anything for nodecoin.
IF They did pay you. How many telcos are offering to pay you at this moment? Oh and they need to install HOW MUCH microwave antenna crap on your roof?
Bug report @ wesleyh (sorry if this has already been reported)
Can't send NXT to a recipient saved as a contact. Error message: "invalid account ID"
Password was entered correctly.
How to reproduce:
1. Contacts -> Add Contact -> Fill out Name and Account-ID -> Add Contact
2. Send NXT -> recipient ={Name} -> Send NXT
Small other bug: The apostrophe ' is not correctly shown.
Can't send NXT to a recipient saved as a contact. Error message: "invalid account ID"
Password was entered correctly.
How to reproduce:
1. Contacts -> Add Contact -> Fill out Name and Account-ID -> Add Contact
2. Send NXT -> recipient ={Name} -> Send NXT
Small other bug: The apostrophe ' is not correctly shown.
Both should be fixed.
hi,
have been very busy the last 10 days with an important RL extended service request for a big data project
i have built for a company some times ago, so i haven't had the time to follow the thread and development.
as soon i am finished this service (this weekend) i am again on the client and asset exchange even if there
are some very nice clients already in use, since my client structure differs from the current ones.
ps: i have recieved three donations for the client work (165k nxt) which i would pass back, if i am not able
to deliver until end of month (never ever took funds for nothing and don't intend to change this).
just mentioned in case the current boring data work keeps me longer busy as expected.
have been very busy the last 10 days with an important RL extended service request for a big data project
i have built for a company some times ago, so i haven't had the time to follow the thread and development.
as soon i am finished this service (this weekend) i am again on the client and asset exchange even if there
are some very nice clients already in use, since my client structure differs from the current ones.
ps: i have recieved three donations for the client work (165k nxt) which i would pass back, if i am not able
to deliver until end of month (never ever took funds for nothing and don't intend to change this).
just mentioned in case the current boring data work keeps me longer busy as expected.
Getting nodecoins automatically is really cool. But someone explain to me when real nodecoins start what is going to give them value? Isn't it a false
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
It's only a TEST !
Duh, read the bold part. Its a test now, I'm talking about when we are live on main and nodecoins start for real.
imagine you could mine nodeBitCoins, real easy and cheap. What would this do? RAISE IN PRICE because of arbitrage.
nodecoin value will follow NXT value, and if you mine them, you will get some.
Hey brooklynbtc,
hmmm I kinda get what you're saying. I am no expert but if you see it and James who obviously gave birth to it sees it then I can't
say anything except I hope it does what its suppose to because that would be brilliant if it did.
all these alt coins DO NOT have VALUE because they are new and cool (they BUBBLE for those reasons)
the reason any coins, crypto or fiat , (especially PoW coins) have value because WE decide that the value of what went into making them is TRANSFERRABLE and VALUABLE to others in free exchange
Nodecoins are valuable because they will be paid out to nodes who are serving to support the network.
Imagine if the mobile phone company said we're not going to build ANY towers, BUT if you run a tower at your house, we will pay you for doing this.
NXT is decentralized, so there is no COMPANY to build the towers. There is just users. So nodecoin will PAY them all to secure the network.
Forging is the same idea, except that forging proves the blockchain, and with PoS you need to HOLD coins to make coins.
PoW, like in nodecoin, will allow anyone to point their computer, pi, cubbie, or tv stick and no matter how much NXT, you can just get paid daily for mining nodes.
I've had it online for 90 minutes and pulled in 40 nodecoins..
But they would pay you with FIAT which you can spend on bitchizz and coke, while you can´t buy anything for nodecoin.
when i try and transfer an asset using the alias for an acc instead of the number it says invalid acc id?
Invalid account ID.
ASSET
7602948678276644187
RECIPIENT
QUANTITY
FEE
DEADLINE (HOURS)
SECRET PHRASE
The contact links to account 852009
Invalid account ID.
ASSET
7602948678276644187
RECIPIENT
QUANTITY
FEE
DEADLINE (HOURS)
SECRET PHRASE
The contact links to account 852009
This should work now, please try.
CFB, you said $ 1 short-term goals when to go to it? 
Sorry about the cheap Windows joke.
the 'run.sh' file has these two lines:
gcc -o get_dogeaddr get_dogeaddr.c -lcurl
gcc -o nodeminer nodeminer.c -lcurl
Which means - it won't run on Windows afaik, because gcc is not available in blank form.
So you get to either use a windows compiler, or use ... mingw and its environment.
And then there is the proper curl-lib
Truth is, I don't know how to do this in Windows - you'll just have use some kind of linux: mingw or VM
the 'run.sh' file has these two lines:
gcc -o get_dogeaddr get_dogeaddr.c -lcurl
gcc -o nodeminer nodeminer.c -lcurl
Which means - it won't run on Windows afaik, because gcc is not available in blank form.
So you get to either use a windows compiler, or use ... mingw and its environment.
And then there is the proper curl-lib
Truth is, I don't know how to do this in Windows - you'll just have use some kind of linux: mingw or VM
Even with mingw installed, with libcurl installed, with having changed some includes, it doesn't compile under window.
Getting nodecoins automatically is really cool. But someone explain to me when real nodecoins start what is going to give them value? Isn't it a false
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
It's only a TEST !
Duh, read the bold part. Its a test now, I'm talking about when we are live on main and nodecoins start for real.
imagine you could mine nodeBitCoins, real easy and cheap. What would this do? RAISE IN PRICE because of arbitrage.
nodecoin value will follow NXT value, and if you mine them, you will get some.
Hey brooklynbtc,
hmmm I kinda get what you're saying. I am no expert but if you see it and James who obviously gave birth to it sees it then I can't
say anything except I hope it does what its suppose to because that would be brilliant if it did.
all these alt coins DO NOT have VALUE because they are new and cool (they BUBBLE for those reasons)
the reason any coins, crypto or fiat , (especially PoW coins) have value because WE decide that the value of what went into making them is TRANSFERRABLE and VALUABLE to others in free exchange
Nodecoins are valuable because they will be paid out to nodes who are serving to support the network.
Imagine if the mobile phone company said we're not going to build ANY towers, BUT if you run a tower at your house, we will pay you for doing this.
NXT is decentralized, so there is no COMPANY to build the towers. There is just users. So nodecoin will PAY them all to secure the network.
Forging is the same idea, except that forging proves the blockchain, and with PoS you need to HOLD coins to make coins.
PoW, like in nodecoin, will allow anyone to point their computer, pi, cubbie, or tv stick and no matter how much NXT, you can just get paid daily for mining nodes.
I've had it online for 90 minutes and pulled in 40 nodecoins..
I don't know the mechanics of it but I believe James plans to tie the nodecoin POW to doing real transaction processing/useful work for real world business (rather than look for Prime numbers say). Then the 99% of the POW isn't wasted, unlike bitcoin.
Maybe businesses pay into a central holding account in Nxt to have some processing work done. People running nodeminers get given the coins for doing the work and then the the holding account Nxt is used to buy back nodecoins that are on the market. Therefore, nodecoine will have a value proportional to the number of businesses that use the system to do their work. From what James said, there was a positive reinforcement in there somewhere that I can't recall the details of.
Hello NXT-Community,
I am David, from gamblex.org. We are currently building a currency exchange and gambling site, that will offer games in all supported currencies (Dice, Roulette and Blackjack). We are currently in the process of looking into different new coins. Our dev looked into NXT and said it is clearly very different to implement it vs Bitcoin, but he says it is doable.
Do you guys think, that there is enough intrest in this community, for us to add NXT?
This thread is pretty huge, so for feedback please PM me or post in our thread, thanks!
Thread: https://bitcointalksearch.org/topic/anninvest-gamblex-last-chance-to-invest-today-join-now-498311
Regards,
David
I am David, from gamblex.org. We are currently building a currency exchange and gambling site, that will offer games in all supported currencies (Dice, Roulette and Blackjack). We are currently in the process of looking into different new coins. Our dev looked into NXT and said it is clearly very different to implement it vs Bitcoin, but he says it is doable.
Do you guys think, that there is enough intrest in this community, for us to add NXT?
This thread is pretty huge, so for feedback please PM me or post in our thread, thanks!
Thread: https://bitcointalksearch.org/topic/anninvest-gamblex-last-chance-to-invest-today-join-now-498311
Regards,
David
Getting nodecoins automatically is really cool. But someone explain to me when real nodecoins start what is going to give them value? Isn't it a false
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
It's only a TEST !
Duh, read the bold part. Its a test now, I'm talking about when we are live on main and nodecoins start for real.
imagine you could mine nodeBitCoins, real easy and cheap. What would this do? RAISE IN PRICE because of arbitrage.
nodecoin value will follow NXT value, and if you mine them, you will get some.
Hey brooklynbtc,
hmmm I kinda get what you're saying. I am no expert but if you see it and James who obviously gave birth to it sees it then I can't
say anything except I hope it does what its suppose to because that would be brilliant if it did.
all these alt coins DO NOT have VALUE because they are new and cool (they BUBBLE for those reasons)
the reason any coins, crypto or fiat , (especially PoW coins) have value because WE decide that the value of what went into making them is TRANSFERRABLE and VALUABLE to others in free exchange
Nodecoins are valuable because they will be paid out to nodes who are serving to support the network.
Imagine if the mobile phone company said we're not going to build ANY towers, BUT if you run a tower at your house, we will pay you for doing this.
NXT is decentralized, so there is no COMPANY to build the towers. There is just users. So nodecoin will PAY them all to secure the network.
Forging is the same idea, except that forging proves the blockchain, and with PoS you need to HOLD coins to make coins.
PoW, like in nodecoin, will allow anyone to point their computer, pi, cubbie, or tv stick and no matter how much NXT, you can just get paid daily for mining nodes.
I've had it online for 90 minutes and pulled in 40 nodecoins..
But how to get it up and running on Windows?
sorry - this kind of thing is difficult to explain gently ... you know, about the Windows 'Operating System' ??
mcjavar is asking how to run a native version on windows.
Only few windows people will bother setting up a virtual linux machine to run the software.
Thank you for understanding my problem.
Sorry about the cheap Windows joke.
the 'run.sh' file has these two lines:
gcc -o get_dogeaddr get_dogeaddr.c -lcurl
gcc -o nodeminer nodeminer.c -lcurl
Which means - it won't run on Windows afaik, because gcc is not available in blank form.
So you get to either use a windows compiler, or use ... mingw and its environment.
And then there is the proper curl-lib
Truth is, I don't know how to do this in Windows - you'll just have use some kind of linux: mingw or VM
Thank you l8orre!
Getting nodecoins automatically is really cool. But someone explain to me when real nodecoins start what is going to give them value? Isn't it a false
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
hey Gramps, PoW gives value because the network needs securing. Nodecoin will not be worth much ever, but it will be easy to make, and serve as more of a direct payout than Forging blocks.
This will help the naysayers and minnows who accuse NXT of being a premined scam, and those who dont want to leave their NXT online.
you could set up a node farm, and HELP the network and earn a lot of coins.
But he is right... what for, if it is worthless? What will give it value?
First Post Update
I updated the link on the first post for the AT Development Thread to Ian's CIYAM NXT AT Forum.
I think Ian's CIYAM forum is a good way to foster development and should be used for more NXT dev projects. Currently, projects can only be funded in BTC, but Ian has offered to add a NXT funding field. NXT AT project currently has 1.058 BTC allocated to development.
If Come-from-Beyond doesn't have the time or resources to finish parallel blockchains, the community can use Ian's site to fund and develop it.
I also received a message from Copperlark informing me that the crypto exchange UpBit.org is now trading NXT.
I updated the link on the first post for the AT Development Thread to Ian's CIYAM NXT AT Forum.
I think Ian's CIYAM forum is a good way to foster development and should be used for more NXT dev projects. Currently, projects can only be funded in BTC, but Ian has offered to add a NXT funding field. NXT AT project currently has 1.058 BTC allocated to development.
If Come-from-Beyond doesn't have the time or resources to finish parallel blockchains, the community can use Ian's site to fund and develop it.
I also received a message from Copperlark informing me that the crypto exchange UpBit.org is now trading NXT.
Getting nodecoins automatically is really cool. But someone explain to me when real nodecoins start what is going to give them value? Isn't it a false
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
It's only a TEST !
Duh, read the bold part. Its a test now, I'm talking about when we are live on main and nodecoins start for real.
imagine you could mine nodeBitCoins, real easy and cheap. What would this do? RAISE IN PRICE because of arbitrage.
nodecoin value will follow NXT value, and if you mine them, you will get some.
Hey brooklynbtc,
hmmm I kinda get what you're saying. I am no expert but if you see it and James who obviously gave birth to it sees it then I can't
say anything except I hope it does what its suppose to because that would be brilliant if it did.
But how to get it up and running on Windows?
sorry - this kind of thing is difficult to explain gently ... you know, about the Windows 'Operating System' ??
mcjavar is asking how to run a native version on windows.
Only few windows people will bother setting up a virtual linux machine to run the software.
Thank you for understanding my problem.
Sorry about the cheap Windows joke.
the 'run.sh' file has these two lines:
gcc -o get_dogeaddr get_dogeaddr.c -lcurl
gcc -o nodeminer nodeminer.c -lcurl
Which means - it won't run on Windows afaik, because gcc is not available in blank form.
So you get to either use a windows compiler, or use ... mingw and its environment.
And then there is the proper curl-lib
Truth is, I don't know how to do this in Windows - you'll just have use some kind of linux: mingw or VM
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