NXT :: descendant of Bitcoin - Updated Information - page 509.

mcjavar

hero member

Activity: 784

Merit: 500

Quote from: mcjavar on March 05, 2014, 06:16:56 PM

CORE DEV TEAM

Some questions:

1, How could one join? Whom to contact?
2, Are there any candidates?
3, Do we have a bounty for them? Unclaimed coins or should we put together some Nxt for this?

My candidate for joining the dev team is CIYAM.

I have also contacted Jean-Luc and am now awaiting his answer.
When we know whom to contact in order to get the core dev team together and we have the candidates, I will contact them one by one asking them if they would be interested.

AFAIK there is only Jean-Luc actively working on the core. Am I right?

No interest?

btc2nxt

full member

Activity: 236

Merit: 100

about Asset Exchange test
everything looks like ok.

found a api error

1. getTrade OK
{"trades":[{"timestamp":8778667,"price":200,"bidOrderId":"10668185170919619908","askOrderId":"11342895551343357312","quantity":15},{"timestamp":8778667,"price":300,"bidOrderId":"10668185170919619908","askOrderId":"627868227848821830","quantity":10}]}

2.getAskOrder
http://127.0.0.1:6876/nxt?requestType=getAskOrder&order=11342895551343357312 (this api don’t corret)
{"errorCode":5,"errorDescription":"Unknown order"}
askorder or bidorder api cannot return result.

3.getTransaction OK (use this api replace getaskorder api)
http://127.0.0.1:6876/nxt?requestType=getTransaction&transaction=11342895551343357312

btw
i have issued some tulips(quantity=100). Tomorrow i will launch Tulip Bubble TEST, who earned most testNxt will win the match. I will donate 500 true Nxt to the winner.

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Quote from: mikesbmw on March 06, 2014, 02:59:33 AM

NXT is a great infrastructure for future projects, but by NO MEANS does NXT create economic freedom and most certainly not regardless of socio-economic status. NXT is for people who have money to spare and are computer literate.

Ones NXT gets adopted on a massive scale things WILL get regulated the sh*t out of. Just like every other internet project that gets to big and imposes a risk for the (world) economy and infrastructure.

I love NXT, but please be realistic. Wink

NXT does create economic freedom by removing our dependence on the ever increasing centralization of PoW blockchain security. All PoW currencies are vulnerable to a 51% computational attack, which means that any entity that can generate 51% of the network's hashpower controls the economic freedom of the users of the currency. NXT is immune to computational attacks, because it is secured by its currency. Anyone holding NXT, big or small, is helping to secure the network.

hisun

full member

Activity: 135

Merit: 100

Quote from: psic4t on March 06, 2014, 02:49:50 AM

Quote from: lingdu22 on March 05, 2014, 10:29:55 AM

Hey guys! I'm allwelder's friend.
If you want the price of NXT pumping up,
please go to https://bitcointalksearch.org/topic/poll-lockedill-start-a-new-post-soon-501963 to vote NXT!!!
Www.btc38.com is the biggest Altcoins exchange in China.
It will be a great news to NXT if the site launch NXT!!!

Please!!!

Done.

done

LemonAndFries

sr. member

Activity: 462

Merit: 250

Quote from: ChuckOne on March 06, 2014, 03:11:10 AM

Quote from: LemonAndFries on March 06, 2014, 03:08:26 AM

Quote from: ChuckOne on March 06, 2014, 03:02:55 AM

Quote from: LemonAndFries on March 06, 2014, 02:58:33 AM

Well think about it. If everyone with NXT sends 2 or 3 NXT back to the genesis account to be burned, we would essentially raise the value of NXT while still keeping our NXT. Small amounts like that don't matter much by themselves, but when pulled together as a group they have much higher value.

Anyways, it wasn't meant to be taken seriously. Just a random thought.

I know.

But think of it as this:

if somebody does this alone, not only his stake will increase in value but also the stake of others => he loose
if everybody does this, it evens out => nothing happens except having greater numbers in some exchanges, or maybe not that because people are scared away

What about if that person invested 2-3 times in NXT starting IPO with different accounts and he has enough to burn millions while still keeping a huge fortune and making that fortune worth even more. And not only does this person not just raise his own value, but he also does so on purpose to raise everyone else's value as a reward for taking the risk.

Again, more random thoughts.

That would work.

To be honest, I need to invent a time machine and go back in time to do this. I would do it so everyone can benefit. It's not fun if you're the only one with riches, more fun when other people can join in and share the fun.

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Quote from: BrianNowhere on March 06, 2014, 02:31:58 AM

Quote from: 2Kool4Skewl on March 05, 2014, 11:46:26 PM

Quote from: xyzzyx on March 05, 2014, 09:54:42 PM

Quote from: EmoneyRu on March 05, 2014, 10:29:22 AM

Current NXT circulation:
1. Buy NXT from initial stakeholder.
2. Register alias / send message / issue asset and pay fee to stakeholder.
3. Goto :1

As I always said, forging was created for stakeholders. You (community) always said that "when we'll have more transactions, fees would be better distributed". False! Forging is not dependent on fee in expected block. The only thing that will change is that stakeholders would get back their sold NXT faster.

Nxt is good platform. It is another P2P software like Bittorent. We need to find another way to prevent spam and get rid of NXT.

Ok. All fees go to the genesis account.

If you send the fees to the genesis account you will destroy NXT because you will eventually run out of NXT.

With or without pooled forging, people with more NXT will get more NXT by forging. People should view NXT as non-depreciating mining equipment. The more NXT you own, the more NXT you will receive. I'd rather purchase NXT than an ASIC because an ASIC will depreciate and I will earn less and less with my ASIC. With my NXT, I will always recieve "MY NXT AMOUNT" / 1,000,000,000 NXT x 100% of the network's transaction fees.

The one worrisome thing about this Proof Of Stake concept is that it may very well turn out to be like a game of Risk. Where once a player passes a point where they have a decisive advantage with troops, they quickly dominate the entire game, becoming more dominant with every battle until soon everyone else is slowly and methodically wiped out, or someone flips the board over, whichever comes first.

It seems like this might happen with something like NXT. The large stakeholders gaining the most out of forging, becoming more powerful with every block they win, achieving something of a compounding interest snowball type effect, until only a few big fish remain, sitting on their fat Jaba the Hut asses for the rest of NXT's existence gobbling up all the NXT while everyone else gives up forging at all; the network degrades until the Whales see the writing on the wall and push the SELL button, making NXT just another addition to the isle of coulda-shoulda-woulda.

This is why BCNext advocated for a reduction of transaction fees.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: LemonAndFries on March 06, 2014, 03:08:26 AM

Quote from: ChuckOne on March 06, 2014, 03:02:55 AM

Quote from: LemonAndFries on March 06, 2014, 02:58:33 AM

Well think about it. If everyone with NXT sends 2 or 3 NXT back to the genesis account to be burned, we would essentially raise the value of NXT while still keeping our NXT. Small amounts like that don't matter much by themselves, but when pulled together as a group they have much higher value.

Anyways, it wasn't meant to be taken seriously. Just a random thought.

I know.

But think of it as this:

if somebody does this alone, not only his stake will increase in value but also the stake of others => he loose
if everybody does this, it evens out => nothing happens except having greater numbers in some exchanges, or maybe not that because people are scared away

What about if that person invested 2-3 times in NXT starting IPO with different accounts and he has enough to burn millions while still keeping a huge fortune and making that fortune worth even more. And not only does this person not just raise his own value, but he also does so on purpose to raise everyone else's value as a reward for taking the risk.

Again, more random thoughts.

That would work.

LemonAndFries

sr. member

Activity: 462

Merit: 250

Quote from: ChuckOne on March 06, 2014, 03:02:55 AM

Quote from: LemonAndFries on March 06, 2014, 02:58:33 AM

Well think about it. If everyone with NXT sends 2 or 3 NXT back to the genesis account to be burned, we would essentially raise the value of NXT while still keeping our NXT. Small amounts like that don't matter much by themselves, but when pulled together as a group they have much higher value.

Anyways, it wasn't meant to be taken seriously. Just a random thought.

I know.

But think of it as this:

if somebody does this alone, not only his stake will increase in value but also the stake of others => he loose
if everybody does this, it evens out => nothing happens except having greater numbers in some exchanges, or maybe not that because people are scared away

What about if that person invested 2-3 times in NXT starting IPO with different accounts and he has enough to burn millions while still keeping a huge fortune and making that fortune worth even more. And not only does this person not just raise his own value, but he also does so on purpose to raise everyone else's value as a reward for taking the risk.

Again, more random thoughts.

antanst

sr. member

Activity: 294

Merit: 260

Quote from: ?? on ??

Strong quality controls on released code should be addressed. Accepting any random patch will lead to the destruction of NXT very quickly.

+ ∞

Too many opinionated people post here for the (sole) dev to hurry up, implement this or that, release untested and buggy features etc. This is people's money we're talking about. Get a grip. Programming is difficult, and there are myriads of ways something can go wrong and blow the whole coin up.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: LemonAndFries on March 06, 2014, 02:58:33 AM

Well think about it. If everyone with NXT sends 2 or 3 NXT back to the genesis account to be burned, we would essentially raise the value of NXT while still keeping our NXT. Small amounts like that don't matter much by themselves, but when pulled together as a group they have much higher value.

Anyways, it wasn't meant to be taken seriously. Just a random thought.

I know.

But think of it as this:

if somebody does this alone, not only his stake will increase in value but also the stake of others => he loose
if everybody does this, it evens out => nothing happens except having greater numbers in some exchanges, or maybe not that because people are scared away

mikesbmw

sr. member

Activity: 338

Merit: 250

Quote from: 2Kool4Skewl on March 06, 2014, 01:04:07 AM

BCNext gave us a gift. He gave us a chance to provide economic freedom for everyone regardless of their socio-economic status. Economic freedom is the most important freedom. Regardless of other freedoms we possess, without it, we are enslaved. As we forge our way into the future, we should remember the ideals that NXT was founded upon: freedom from the centralization, wastefulness and cost of economic security.

Bitcoin was the first generation. We are the NXT generation.

Djees man: what are you smoking? May I have some? Grin

NXT is a great infrastructure for future projects, but by NO MEANS does NXT create economic freedom and most certainly not regardless of socio-economic status. NXT is for people who have money to spare and are computer literate.

Ones NXT gets adopted on a massive scale things WILL get regulated the sh*t out of. Just like every other internet project that gets to big and imposes a risk for the (world) economy and infrastructure.

I love NXT, but please be realistic. Wink

LemonAndFries

sr. member

Activity: 462

Merit: 250

Quote from: ChuckOne on March 06, 2014, 02:50:41 AM

Quote from: LemonAndFries on March 06, 2014, 02:46:55 AM

I have a wild hypothesis.....

What about if at some point in the future some of these millions of coins are going to be sent to the furnace (genesis block) to be burned in order to make the coin more rare and valuable.

Just thought I'd share my wild fictitious thought.

Why should somebody do this? Wasting his money?

Well think about it. If everyone with NXT sends 2 or 3 NXT back to the genesis account to be burned, we would essentially raise the value of NXT while still keeping our NXT. Small amounts like that don't matter much by themselves, but when pulled together as a group they have much higher value.

Anyways, it wasn't meant to be taken seriously. Just a random thought.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: marcus03 on March 06, 2014, 01:41:46 AM

Quote from: pinarello on March 05, 2014, 06:15:38 PM

I think this is very clear now, so J-L, implement it please in place of NSR.

Wesleyh and mistafreeze should be paid from unclaimed coins NXTinfrastructurefund when delivered.

Why infrastructure fund and not tech dev fund?

Generally, I would tend to agree with you. In case the tech fund won't pay, I would advocate that the infra fund pay.

Having this client is rather important to NXT. It's even a part of marketing.

BTW: we need an audit of that code as well.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: LemonAndFries on March 06, 2014, 02:46:55 AM

I have a wild hypothesis.....

What about if at some point in the future some of these millions of coins are going to be sent to the furnace (genesis block) to be burned in order to make the coin more rare and valuable.

Just thought I'd share my wild fictitious thought.

Why should somebody do this? Wasting his money?

wesleyh

sr. member

Activity: 308

Merit: 250

Here's something whales could do:

http://www.fastcompany.com/3027271/fast-feed/move-over-bitcoin-crosscoins-new-accelerator-bets-on-the-ripple-ecosystem

psic4t

newbie

Activity: 31

Merit: 0

Quote from: lingdu22 on March 05, 2014, 10:29:55 AM

Hey guys! I'm allwelder's friend.
If you want the price of NXT pumping up,
please go to https://bitcointalksearch.org/topic/poll-lockedill-start-a-new-post-soon-501963 to vote NXT!!!
Www.btc38.com is the biggest Altcoins exchange in China.
It will be a great news to NXT if the site launch NXT!!!

Please!!!

Done.

LemonAndFries

sr. member

Activity: 462

Merit: 250

I have a wild hypothesis.....

What about if at some point in the future some of these millions of coins are going to be sent to the furnace (genesis block) to be burned in order to make the coin more rare and valuable.

Just thought I'd share my wild fictitious thought.

BrianNowhere

member

Activity: 70

Merit: 10

Quote from: 2Kool4Skewl on March 05, 2014, 11:46:26 PM

Quote from: xyzzyx on March 05, 2014, 09:54:42 PM

Quote from: EmoneyRu on March 05, 2014, 10:29:22 AM

Current NXT circulation:
1. Buy NXT from initial stakeholder.
2. Register alias / send message / issue asset and pay fee to stakeholder.
3. Goto :1

As I always said, forging was created for stakeholders. You (community) always said that "when we'll have more transactions, fees would be better distributed". False! Forging is not dependent on fee in expected block. The only thing that will change is that stakeholders would get back their sold NXT faster.

Nxt is good platform. It is another P2P software like Bittorent. We need to find another way to prevent spam and get rid of NXT.

Ok. All fees go to the genesis account.

If you send the fees to the genesis account you will destroy NXT because you will eventually run out of NXT.

With or without pooled forging, people with more NXT will get more NXT by forging. People should view NXT as non-depreciating mining equipment. The more NXT you own, the more NXT you will receive. I'd rather purchase NXT than an ASIC because an ASIC will depreciate and I will earn less and less with my ASIC. With my NXT, I will always recieve "MY NXT AMOUNT" / 1,000,000,000 NXT x 100% of the network's transaction fees.

The one worrisome thing about this Proof Of Stake concept is that it may very well turn out to be like a game of Risk. Where once a player passes a point where they have a decisive advantage with troops, they quickly dominate the entire game, becoming more dominant with every battle until soon everyone else is slowly and methodically wiped out, or someone flips the board over, whichever comes first.

It seems like this might happen with something like NXT. The large stakeholders gaining the most out of forging, becoming more powerful with every block they win, achieving something of a compounding interest snowball type effect, until only a few big fish remain, sitting on their fat Jaba the Hut asses for the rest of NXT's existence gobbling up all the NXT while everyone else gives up forging at all; the network degrades until the Whales see the writing on the wall and push the SELL button, making NXT just another addition to the isle of coulda-shoulda-woulda.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: chinabreak123 on March 05, 2014, 11:34:08 PM

Quote

if I have interpreted the information right, If you issue an asset you have no association with the gateway; anyone who trades with you does so strictly on a personal trust basis. Gateway assets are not self issued, but are actually backed by real assets that are held in a special account to guarantee there security.

Thanks.
But still not sure about it

Anybody that issues an asset can sell it. However, no matter what it is called, it is totally up to the issuer to convince people to trust them that it will be redeemed properly.

It is possible to issue an asset and not be a gateway. For example, if I issue a nodecoin asset and let people earn them when they are forgin, then it lives within NXT, there is no need for any gateway.

It is also possible to be a gateway that does not issue an asset. For example, a gateway could accept CNY and pay NXT for it.

I dont think there is a strict definition of what is and what isnt a gateway. A good working definition is that a gateway is something that allows you to cross the barrier between the NXT world and outside the NXT world.

James

abctc

legendary

Activity: 1792

Merit: 1038

Quote from: Fatih87SK on March 06, 2014, 02:15:05 AM

When we are finished testing AE?

- did you personally test AE ?

What asset did you issue? - I want to try to buy.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 509. (Read 2761624 times)