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Topic: NXT :: descendant of Bitcoin - Updated Information - page 466. (Read 2761650 times)

full member
Activity: 266
Merit: 100
NXT is the future
What is an ETA for Wesleys one click installer client? This is an absolute priority.

The client is there and working perfect, tested it over and over.

I think it will be integrated by J-L in the first new version that comes out.

Yes but is it a one click installer for new people?

If we have that than we need to push it and market it to the newcomers.

Wesleyh has a windows app, just unzip and run.

You can even install it on USB stick and run it from there.


Wich makes me think, lets create some usb sticks with that app and hand them out to people.  marketing...
sr. member
Activity: 644
Merit: 250
I don't know if his idea is a good idea. Could we discuss possible routes and the implications for Nxt, please.

In my opinion the concept of TF is mostly a good one (i.e. to get a very large tx throughput) so I would think that the first thing is for the community to decide whether it agrees with that or not (all other decisions really depend upon this one).

If as a community with think it's more important to have people forging with Raspberry Pis then we would be scrapping TF altogether (realistically it is *one or the other* even though marketing people want to have both).


That is exactly what I mean.

But we need a discussion about what that means for Nxt as a whole, for the value, for the decentralization aspect, for marketing (decentralization, raspberryPis, ...), for what ever. I don't know.

It is a major decision.

I'm not sure it's an either-or situation.  "Raspberry Pi" is actually a code word for "super cheap nodes".  There is still a possibility that a slightly more expensive node can have the technical capacity to participate in a high TPS environment.  THis is one of the first things the infrastructure committee should test, starting with the $60 Odroid U3, which is much faster at forging blocks than a RPi:

http://hardkernel.com/main/products/prdt_info.php

That is a good idea.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
@CFB/JLC How hard would it be, to implement, that a node can only effectively forge with 1.000.000 NXT? Meaning that if you have 5  accounts with 200.000 you can run them on one node, but if you have 1 account with 2.000.000 NXT you will need to open that account on two nodes to fully get the forging power?

I've always liked this idea.  Large Nxt holders don't really care about forging, they will make their money with their holdings.  This would also encourage large holders to run multiple nodes.  It levels the playing field for those under 1M.

I was asking this question over and over again and have not received any answer, yet:

How do you prove that you run your account on a different node?

You limit forging to 1mil Nxt per node, or am I missing something.  Regardless a change in forging may prove difficult if changed in Nxt core.

Well, I would say this depends on how you define a node.

I give you two examples:
1) 2 nodes behind a loadbalancer => look like 1 node, but is actually two
2) 1 node serves two IP addresses => look like 2 nodes, but is still one in terms of security

Furthermore, who's gonna control a node provider? He could easily modify the code. It has nothing to do with forging itself, but in how many accounts a node could manage.
sr. member
Activity: 644
Merit: 250
I didn't donate to "Songs of Love" because it's ridiculous.  There are millions of children who are sick.  Singing to them will do nothing.  How about trying to cure their illness.

wow, sophisticated thought process  Roll Eyes

This is the main reason I didn't donate.

Also, one of the singers was a stripper.  If I had a sick child, I would not want a "former" stripper singing to them.  I'm not going to support that garbage.  They couldn't find a better role model?  Seriously?
full member
Activity: 196
Merit: 100
I don't know if his idea is a good idea. Could we discuss possible routes and the implications for Nxt, please.

In my opinion the concept of TF is mostly a good one (i.e. to get a very large tx throughput) so I would think that the first thing is for the community to decide whether it agrees with that or not (all other decisions really depend upon this one).

If as a community with think it's more important to have people forging with Raspberry Pis then we would be scrapping TF altogether (realistically it is *one or the other* even though marketing people want to have both).


That is exactly what I mean.

But we need a discussion about what that means for Nxt as a whole, for the value, for the decentralization aspect, for marketing (decentralization, raspberryPis, ...), for what ever. I don't know.

It is a major decision.

I'm not sure it's an either-or situation.  "Raspberry Pi" is actually a code word for "super cheap nodes".  There is still a possibility that a slightly more expensive node can have the technical capacity to participate in a high TPS environment.  THis is one of the first things the infrastructure committee should test, starting with the $60 Odroid U3, which is much faster at forging blocks than a RPi:

http://hardkernel.com/main/products/prdt_info.php
hero member
Activity: 490
Merit: 504
So I started a Wikipedia entry for NXT.

It's titled NXT Coin and here's the link for whoever would like to contribute information to it:

https://en.wikipedia.org/wiki/Wikipedia_talk:Articles_for_creation/NXT_Coin

I will continue to edit and add information, I have little time today so I'd figure a start is good for now.

The name is Nxt, not Nxtcoin and as I said please don't repost it on Wikipedia. This is absolutely against Wikipedia policy. Wikipedia should not be used to promote yourself. I hope the article gets deleted soon.

Nxt should be promoted in mainstream media. It needs to become notable. Once that is done, it will show up in Wikipedia -- without you doing anything.

I hate when Wikipedia is abused for self promotion


It wasn't for self promotion, I really don't see how you even came to that conclusion.  Someone mentioned it in the forum and I said, "f-it I'll just start one, why the f*** not?".  I am not very capable of writing a correct article on it, so I started it so other people in the community could add to it,edit and correct it as needed.

It's really about educating people that are not knowledgeable about crypto and might be curious.

But if you take it the other way, then f*** it. I'll just stop trying to help because obviously I'm doing it for myself even though I have done one giveaway, run a couple nodes and even ordered a r-pi to set up, have donated back to the cache system in Peer Explorer, try to help people in my immediate life into crypto and explain how this could be the financial solution the world needs.  Nah, I must be a selfish greedy ass**** just out for himself.

I'm done with these communities, you ask for the community to be a community but the first chance you get you bash the people trying to help.
I'm not a big stake holder or even came in when it was still cheaper than now, I'm not even a wealthy man, I'm just barely making it into middle class. I try to do my part, but if it's going to be like this then I'm done.  I'll just sit from the sidelines quietly and become a stale account holder.

Don't worry, this is like if someone is injured, you try to help him. If you aren't a doctor, you can also kill that guy, but still at least you tried. However wiki has got strict rules about new sites, so your submission is already declined. But thanks, wiki will be soon.
hero member
Activity: 910
Merit: 1000
I didn't donate to "Songs of Love" because it's ridiculous.  There are millions of children who are sick.  Singing to them will do nothing.  How about trying to cure their illness.

wow, sophisticated thought process  Roll Eyes
full member
Activity: 266
Merit: 100
NXT is the future
What is an ETA for Wesleys one click installer client? This is an absolute priority.

The client is there and working perfect, tested it over and over.

I think it will be integrated by J-L in the first new version that comes out.

Yes but is it a one click installer for new people?

If we have that than we need to push it and market it to the newcomers.

Wesleyh has a windows app, just unzip and run.

You can even install it on USB stick and run it from there.
hero member
Activity: 910
Merit: 1000
It depends on how much currency they control.  NXT is currently susceptible to 51% currency attacks because TF isn't fully implemented yet.  If someone is able to control 51% of the currency currently forging, they can attack NXT.

The probability that someone is going to buy that many Nxt (51%) then attack the network destroying his own wealth is close to zero. And what happens to Nxt prices if someone starts buying that many Nxt? It will cost much more than the current 0.05 cents to get to 51%

 It's just theoretical possibility but really irrelevant concern. 


That's the beauty of POS. An economical safety net against such attacks. With pools, we should have a great TF algo to compensate the partial loss of it.
sr. member
Activity: 338
Merit: 250
good news, I have lobbied to add NXT on https://www.litebit.eu/

NXT will be ADDED NEXT WEEK !!!!

this is big becausse you can buy NXT with mistercash, ideal, etc...


this is a new gateway to fiat also. MARKETING, GO PROMOTE IT PLS

Pin

NXT: 12088507821025750338


Good news NXT is added. you can buy and sell NXT for fiat here:


https://www.litebit.eu/en/

a second gateway to gold and silver will be added next week:

http://www.bitgild.com/


I have put a lot of hours in NXT but donations are disappointing. Sad


NXT: 12088507821025750338

Have you seen their markup? If you buy 10,000NXT it will cost you $555,20.  Roll Eyes
That's about 20-25% above market price.

Great that initiatives are deployed, but these prices are crazy if you ask me.
hero member
Activity: 910
Merit: 1000
I don't know if his idea is a good idea. Could we discuss possible routes and the implications for Nxt, please.

In my opinion the concept of TF is mostly a good one (i.e. to get a very large tx throughput) so I would think that the first thing is for the community to decide whether it agrees with that or not (all other decisions really depend upon this one).

If as a community with think it's more important to have people forging with Raspberry Pis then we would be scrapping TF altogether (realistically it is *one or the other* even though marketing people want to have both).


That is exactly what I mean.

But we need a discussion about what that means for Nxt as a whole, for the value, for the decentralization aspect, for marketing (decentralization, raspberryPis, ...), for what ever. I don't know.

It is a major decision.
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
Apart from ruling out Raspberry PIs, do you have a more generic idea about the hardware/network requirements TF would impose on forging nodes?

It's going to come down to just how many txs we are wanting to process per minute (and you should think of it has per minute rather than per second as your transactions still have to be put into blocks).
full member
Activity: 224
Merit: 100
Asset Exchange Enhancement Proposal

https://docs.google.com/presentation/d/1FsyumJLmQ9ckLNkHlmW1oPRGOoK3oAg_pVjFz3s0fNw/edit?usp=sharing

With even more feedback, some have suggested that perhaps relying on an external website is not good (although it *should* be secure, perhaps someone can find a way to abuse this?)

With this in mind, I added slides 5-7 to show how this could be done without external URLs, only using Aliases. NXT already provides all the tools needed for this to work, clients just have to be able to interpret it. If people think this is a good idea, hopefully we can have a discussion going on the standard formatting.

IMO, this is important because it removes the ability of squatters to hold important asset names at ransom from the community.

Pandaisftw

Hey there. Just wanted you to know I liked your platform and voted for you. Sorry you didn't get in.

Thanks for the kind words. I did not campaign when I saw the list of people on the infrastructure committee were all much more talented than me. I know some of them personally, and I am sure they will do a great job to ensure that NXT will have proper funding for any infrastructure related projects.

With regards to the recent discussions, I think that everyone should probably take a step back and not get too emotional. I volunteer my time because I believe that NXT represents the future of cryptocurrency, not as a coin, but as a cryptoplatform. I don't expect to get paid (but a big thank you to the anonymous donators!) because what I do will only help increase the value of my stake. Also a hint to all those who feel that "nothing" is going on and NXT is "stagnating": there is actually a lot going on, but it gets forgotten easily within 10 pages of this mega-thread. James is right, even if you cannot program, there are tons of other projects to be involved in - and not all of them "community" oriented. There are business projects like NMAC or DGEX that released shares recently. This is pretty exciting, and I only expect that as time goes on, more and more companies, founded by members of this community, will pop up because the AE provides an extremely low barrier of entry.

So if you have a good idea, try to find a good group of like-minded people, and execute it. If you're still looking for ideas, volunteering to help out with community projects is really a good way to start. Try to break the AE on the testnet, and post your results. You can even think of new ways to contribute that no one else has. I sometimes have crazy ideas myself, but they are all in the name of improving NXT Wink

Pandaisftw
full member
Activity: 168
Merit: 100

Ok, here's the current NXT distribution as of today.

https://i.imgur.com/Idzj6lQ.png

As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:

https://i.imgur.com/nSwqIuM.png

Many coins are on exchanges. People don't know how to use a client so they leave there NXT on them.

We don't know what the actual distribution is.

yes we do but lets ignore it Cheesy
full member
Activity: 238
Merit: 100
Guys what about the distribution?
Somebody was revealing top 60 accounts holdings spreadsheet a month ago for a week or so. Did the distribution change any since? It is well obvious that we have whales unloading and keeping the price down for last couple of weeks.
It would be interesting to see these distribution numbers at the moment.

Ok, here's the current NXT distribution as of today.



As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:



Yes this does look bad.

Like I sad in my previous post last night they better start sharing this wealth or there is a possibility that they might take their millions of NXT in the near future and shove them up their ass, because it might worth that much. You guys don't get me wrong I would hate to see this happening because I like this project, but I am smart enough to see that the NXT project is currently in a sort of crisis.

full member
Activity: 168
Merit: 100
Yeah i know it is not fair.

The people that post here and working their ass of should be the real millionaires or at least big stake holders.

if nobody give them bounty, rewards, donation they leave coz they have no goal to be any longer and help out or work.

This is what will kill nxt people don’t care any more and good people leaving like uniqourn, justabit, nifty and so many others that left.

So I think if founders will any profit they have to start working themselves or donate to the workers.

Either way nxt will die coz of disinterest of the founders and the workers look at me for example, I am getting rich by doing nothing this is not right.

I just have to sell my daily nxt (which is hard coz i have no buyers)
full member
Activity: 224
Merit: 100
I don't know if his idea is a good idea. Could we discuss possible routes and the implications for Nxt, please.

In my opinion the concept of TF is mostly a good one (i.e. to get a very large tx throughput) so I would think that the first thing is for the community to decide whether it agrees with that or not (all other decisions really depend upon this one).

If as a community with think it's more important to have people forging with Raspberry Pis then we would be scrapping TF altogether (realistically it is *one or the other* even though marketing people want to have both).


Apart from ruling out Raspberry PIs, do you have a more generic idea about the hardware/network requirements TF would impose on forging nodes?
hero member
Activity: 910
Merit: 1000

Ok, here's the current NXT distribution as of today.

https://i.imgur.com/Idzj6lQ.png

As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:

https://i.imgur.com/nSwqIuM.png

Many coins are on exchanges. People don't know how to use a client so they leave there NXT on them.

We don't know what the actual distribution is.
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
I don't know if his idea is a good idea. Could we discuss possible routes and the implications for Nxt, please.

In my opinion the concept of TF is mostly a good one (i.e. to get a very large tx throughput) so I would think that the first thing is for the community to decide whether it agrees with that or not (all other decisions really depend upon this one).

If as a community with think it's more important to have people forging with Raspberry Pis then we would be scrapping TF altogether (realistically it is *one or the other* even though marketing people want to have both).
hero member
Activity: 910
Merit: 1000
I make a lot of assumptions? In this case I see ONE assumption. I wont speculate on the exact amount, but I make a eduated guesstimate above 10M

Yes, you make a lot of assumptions.



Sorry, had to post this.
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