Author

Topic: NXT :: descendant of Bitcoin - Updated Information - page 511. (Read 2761624 times)

sr. member
Activity: 897
Merit: 284
Installer for 0.8.6 TestNet with Wesley's interface will be released in the morning.

Night y'all.
full member
Activity: 221
Merit: 100
CFB, are you the only one communicating with BCNext? Who will be in touch with him when you depart in 3 1/2 weeks?

He had left the day before Nxt source code became public. Went for good to work on other things. I'll get 3rd part of the plan in April but I can't contact him anymore.
this explaines why he also stopped logging to his original 3 years old account 3 days before release of the source

Can you reveal the user name?
legendary
Activity: 1512
Merit: 1004
full member
Activity: 266
Merit: 100
Is anyone knowing what we paid for?

Yes. Refactoring, consulting, some extra functionality like API calls.

how do we know you actually delivered what BCNext has paid for is better formulated.

how do we know you did all what he asked? Grin

Who will communicate with BCNext in April after CFB departs?

Uncertainty about the core dev team isn't instilling much confidence in investors and current holders. Investors will stay away until this confusion and uncertainty disappears.

Friends of mine have no idea which client to download so are keeping their NXT on exchanges. They won't do anything until there is a one click install that works. They ask me which one is the 'main' website. All they want is to Send/Receive and not lose any NXT. No messing around with batch files, firewall settings, testnet and having to update twice a week. They don't even want to know about forging.

I'm sure it wouldn't be difficult to promote one simple client that works and isn't going to freak out newbies. Can someone design a simple, safe, client that just sends and receives? I can assure you that would make so many people happy. Most newcomers aren't going to use all the other features they don't even understand, at least not yet. Forging is not an issue for them and don't care about that because they own 5k to 10k. None of their other coin wallets make any money and they don't expect NXT to either. They just want to send and receive and know their wallet is safe (secure password of course) It's that simple.

Does this make sense to anyone and does anyone have any ideas about how we arrive at one website and one simple client.



All my friends asks the same Smiley

I agree completely with all of the above.. 5-6 people that I got into NXT are asking me the same question. For 3 of them I am holding NXT because they are freaked out they will mess up something since and lose their investment. Problem with a client exist. i mean we are launching an AE and we still don't have a go to client. And one might say how we have several clients out there, but they are all half working or if I am wrong than we should just choose the best one and offer it to the people..

Nexern client I won't even mention anymore. I doubt we will ever see it.


I really do not understand where the problem lies? The whales could easily support two developers FULLTIME to finish a client within a month.

Instead of whining about the big holders not footing the bill for all the work that needs to be done, maybe we should see how much the community at large is willing to invest in developing a client, then ask if one or 2 whales would be willing to match funds? For example, if a bunch of participants in this thread make pledges totaling, say, 500,000 NXT, one of the 50Mil holders could match that, making for a total of 1 million to go to the person or persons who can deliver a working, user-friendly client. I, for one, would be willing to contribute 500 NXT

That sounds like a reasonable approach. But I would suggest coming up with a specified list of REQUIRED criteria and functionality features and then translate that into a cost approximation for development, just to have some sort of goal to shoot for when raising the funds.

It may be advantageous to hold a military style competition for client submissions from developers. Set a list of required specifications that have to be met (pass, fail system of grading), then all clients that meet required criteria would be judged on qualities beyond requirements. Winner takes the bounty or the lions share of the bounty.
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
There are donations coming our way again?

I most definatly wouldn"t mine done Wink
full member
Activity: 236
Merit: 100
about AE test

1. balance=2864
2. ask order (my asset)
  quantity:15, price=200(2nxt) fee=1
  quantity:10, price=300(3nxt)  fee=1
  balance=2862 Ok
3. bid order (my asset)
  quantity:25, price=300(3nxt)   fee=1
4.balance=2846
  should be 2864-3=2861
  so 2861-2846=15 is lost ( 25*3-15*2-10*3=15 )


test Ok  in .8.6

cancelling a order, there are two results :
e.g.
1. ask order
    quantity:5, price=100(1nxt) fee=1
    wait a minute, confrimed.
2. bid order
    quantity:4, price=100(1nxt) fee=1  
    not confrimed yet
3. cancel the ask order

two results:
2.bid order win ,confirmed before the cancelling ask order
  so order matched, and the left ask order cancelled ( quantity:1, price=100(1nxt))
3. cancel ask order win, confirmed before the bid order
  so bid order don't change, ask order all is cancelled.

test Ok  in .8.6
sr. member
Activity: 897
Merit: 284
Can I get some test Nxt to 2296334673562181299?

Please and Thx Smiley
sr. member
Activity: 294
Merit: 250
Thank you mcjavar someone donate to me! And thanks for the donation!
member
Activity: 98
Merit: 10
2nd BTC38 thread.. let's show some Nxt love:

https://bitcointalksearch.org/topic/m.5519400
legendary
Activity: 1512
Merit: 1004
When I want to send out Nxt from https://wallet.mynxt.info/
displayed
Code:
Could not decrypt your wallet.

anything wrong?
hero member
Activity: 834
Merit: 524
Nxt NEM
I heard this from the Texas Bitcoin live stream:

http://mybtc.cc/

Any thoughts?


Btw, great job RickyJames on your radio interview.

one step closer to "real" money and the crowds.
When the money is in your hands, it is more real Wink


In the end was shown a picture of a POS Terminal ...
full member
Activity: 162
Merit: 100
hehe
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.
Thanks for broadcast this vote news again.

DONE. Grin
sr. member
Activity: 490
Merit: 250
I don't really come from outer space.
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.


member
Activity: 98
Merit: 10
I heard this from the Texas Bitcoin live stream:

http://mybtc.cc/

Any thoughts? Would be nice to see a useable debit/transaction type card for Nxt.


Btw, great job RickyJames on your radio interview.
hero member
Activity: 834
Merit: 524
Nxt NEM
I got 5 NXT from 16228559550138619285 - thank you for whatever that was,,,, if it was a mistake PM me and I'll send it back...

thank you to 16228559550138619285 also from me Smiley
I noticed the donation quite late.... I think than it was a donation, when looking the last tx's Smiley
sr. member
Activity: 490
Merit: 250
I don't really come from outer space.
Java should not be integrated into Nxt client. No installation that requires admin rights!

for mass adoption:

If average joe must even click one time more to install NXT then install BTC, LTC of whatever other coin.... they will install the easiest one.

so forget mass adoption if it is even 1 click more complicated than other coins for installation.
Installer on run tells "Oh, you don't have Java installed! Download it from official site (instructions, video) and then run installer again".

There's also another way: generate a native Windows binary from NRS that doesn't require the Java run-time.

http://www.excelsiorjet.com/

It's a tad on the expensive side, but since no one is charging for NRS, the free-for-non-commercial-use license option might be applicable.
sr. member
Activity: 243
Merit: 250
BTC38 is asking about which coin to add next on their exchange. Please take a few minutes to let them know about Nxt:

https://bitcointalksearch.org/topic/m.5525645


@2Kool4Skewl,
Could you help to add this vote on the first page of this thread for more pp to vote for?
TKS.

+1. Please add it to the first page.

agreed.
hero member
Activity: 527
Merit: 503
Bulk of this ammunition has been sitting idle due to problems obtaining consensus. Remember how long the unclaimed funds debate dragged on? That's the price we have to pay for decentralization.

That's one reason I feel like we need to get the voting system up and running, put things up to a vote, winner decides it, and we move on.
hero member
Activity: 527
Merit: 503
jean-luc

If you can get asset trades denominated in other assets implemented, then NXT AE would be able to dominate all other centralized exchanges. Basically all cryptos supported by the gateway could be directly traded against any other crypto. It would be fantastic!

After trading, people could withdraw directly to their wallet whatever crypto they have assets for

I think this is a much bigger change than assets supporting fractions, but maybe its a conditional handling in Order.java for all the trades of an asset denominated in another asset. Even if BTC is the only other asset something can be denominated in, that would get us 90% of the benefit, but I think the way the code is structured, it would be almost the same work to allow arbitrary denominations based in other assets.

James

I'm a little unclear on this, so apologies if my understanding is flawed.

Could this be done atomically with chained transactions?

For example:
BTC -> NXT && NXT -> LTC
BTC -> NXT && NXT -> DOGE
etc...

Everything would be converted to NXT as intermediate hold, then immediately used to purchase the new asset.  If chained transactions can apply with atomicity, then goal is achieved.

except you get hit with bid/ask spread twice, instead of once. For low volume asset against NXT, the spreads could be unimaginably large. This is one of the big problems with ripple. everything goes through XRP and 5% spread one leg and 8% spread the other leg and it becomes untradeable.

Direct trading gives us the best advantage, well actually, it makes us the same as the exchanges as far as trading pairs

I think you could still do this with explicit trading pairs of BTC->LTC and BTC->DOGE, etc, and get a single spread.  The conversion to NXT would be behind the scenes, and denomination in NXT would become wholly unimportant for that trading pair (ie: the explicit trading pairs in/out of NXT would be completely unrelated).  Work would be in client, and not in core.

Some small transaction fee would need to be accounted for in NXT and siphoned as a trading fee.

(note: this assumes the premise that chained transactions are atomic).


Here's how I would approach it:
Step 1) allow trading Nxt against the top ten most popular coins directly to and from those coins

Step 2) Enable trading one coin for another using the BTC -> NXT && NXT -> LTC approach as a starting point to quickly allow that kind of trading between any different crypto pairs.

Step 3) Start allowing the trading of coins against other coins, again starting with the most popular, continue slowly adding more coins directly tradeable against Nxt as well.

Step 4) Do something along the lines of automatic arbitrage, let's say I want to trade Litecoin for Dogecoin, you look at all the other coin pairs that are being traded and find that the gap is smaller if you trade them through Bitcoin, so list that as a potential 3 way trade.  Nobody has to know that when that order completed, they didn't actually send Litecoin to someone in exchange for Dogecoin but actually had 3 trades execute simultaneously.  Potentially you could expand this to to 4 or 5 or 6 way trades, though at some point it just doesn't become worth it.  In this way, you actually close that gap between all the various cryptos.

Also, every time you trade a coin pair, keep in mind you'll have to feed the forgers, so the more people use us to trade coins in general, the more value Nxt becomes as forgers earn more of them.

I'd do this type of arbitrage on computers that are open to forge but not actively processing transactions but more or less sitting around idling.. eventually they'll also be doing decentralized computing for us.
newbie
Activity: 15
Merit: 0
BTC38 is asking about which coin to add next on their exchange. Please take a few minutes to let them know about Nxt:

https://bitcointalksearch.org/topic/m.5525645


@2Kool4Skewl,
Could you help to add this vote on the first page of this thread for more pp to vote for?
TKS.

+1. Please add it to the first page.
Jump to: