NXT :: descendant of Bitcoin - Updated Information - page 531.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: pinarello on March 05, 2014, 10:13:30 AM

Quote from: pinarello on March 05, 2014, 09:33:43 AM

good news, I have lobbied to add NXT on https://www.litebit.eu/

NXT will be ADDED ~~NEXT~~ THIS 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

They will even add it THIS week !

https://www.litepaid.com/?set_lang=en

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

+1440

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: jl777 on March 05, 2014, 10:10:41 AM

Instead of pooled forging, can you port over multisig? That is much more important than pooled forging, since there are alternate solutions for that. Multisig is pretty fundamental.

Why do we need 2 ways to do a multisig?

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: wakasaki808 on March 05, 2014, 10:10:31 AM

Isn't it much harder for NXT compared to Bitcoin to be 51%(NXT with 90%+ right?)

Just have multiple pools if I understand it correctly. It gives the little guy with <100k a chance to get something out of forging. Many people want an incentive to forge.

Nxt doesn't have 90% protection yet. TF is not completed.

DrearyUrbanite

sr. member

Activity: 756

Merit: 250

Quote from: CoinTropolis_JustaBitTime on March 05, 2014, 09:53:13 AM

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

Done - we're up at the moment with 35%

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: pinarello on March 05, 2014, 10:09:11 AM

Any updates on AE, what are we waiting for? can we set a date?

I am currently writing an AE audit program. It will make sure all asset balances are correct. I think we need to have this running while we have several active tradebots making all sorts of trades, big and small, from many computers.

If after a million trade brute force test, everything still reconciles, then it should be good to go

James

Mises_77

member

Activity: 111

Merit: 10

Quote from: jl777 on March 05, 2014, 10:10:41 AM

Quote from: Come-from-Beyond on March 05, 2014, 10:04:02 AM

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

As long as the big account holders dont pool their forging, it seems safe enough.

However, if we had nodecoin, that would let the small accounts gain daily rewards that they can see. I think that is what most people want to see. We can then just put in bids in AE for nodecoin so that it is actually worth NXT

Instead of pooled forging, can you port over multisig? That is much more important than pooled forging, since there are alternate solutions for that. Multisig is pretty fundamental.

James

I really feel nodecoin is needed. Many people don't really even understand what NXT even is. It will get the newbies in and into our NXT ecosystem. Nodecoin miners today will be NXT'ers shortly after.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: Come-from-Beyond on March 05, 2014, 10:06:25 AM

Quote from: jl777 on March 05, 2014, 10:05:15 AM

Does anybody know if the getTrades API gets ALL changes in an assets ownership? I am assuming it gets all matched bid and ask orders, but does it also get all transferAsset txids?

I want to make sure I get any and all changes in asset balances.

James

Trades and transfers not linked.

So I need to combine all the txids from getTrades and transferAsset txids to calculate exact balance in all accounts of an asset.

I am assuming the txid from getTrades will be for the corresponding placeBidOrder or placeAskOrder.

I that is correct, I dont really need to know the exact price, but I am curious how to find out what price the trade executed at. If two people put in a bid and ask in the same block, with the bid higher than the ask, what is the executed price and how can I find that out in the blockchain?

James

^[GS]^

member

Activity: 112

Merit: 10

Quote from: Come-from-Beyond on March 05, 2014, 10:04:02 AM

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

Have to think about those who do not have enough to forge "faster".
In the end, for many forging is just an illusion. Sad

joefox

full member

Activity: 210

Merit: 100

Quote from: Come-from-Beyond on March 05, 2014, 10:04:02 AM

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

I think the concept of pools in Nxt is a non-starter: it doesn't make any sense, except under one scenario.

Pooling coins for Nxt has no impact on ROI. The effect is psychological. You'll get less Nxt more often, but you won't earn more Nxt than you would forging alone.

The only reason it makes sense is if you can't run software all the time, or are frustrated with having to update it every two days to keep from being left on a fork due to software changes and fixes.

People who want pools are people who believe (against all factual data) that pooling gives them additional reward. This is a fallacy and we should not support the belief.

People who want to "set it and forget it" have a valid argument, but IMHO not enough of one to warrant adding "pooled forging" to Nxt's core.

btc2nxt

full member

Activity: 236

Merit: 100

Quote from: mcjavar on March 05, 2014, 09:44:06 AM

Quote from: btc2nxt on March 05, 2014, 09:40:25 AM

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 )

Which client are you using?

coded myself
i have suggestion to tester, ask orders quantity*price don't get too high, below 100 may be ok, because i only have 2K+ left.

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: pinarello on March 05, 2014, 09:33:43 AM

good news, I have lobbied to add NXT on https://www.litebit.eu/

NXT will be ADDED ~~NEXT~~ THIS 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

They will even add it THIS week !

https://www.litepaid.com/?set_lang=en

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

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: Come-from-Beyond on March 05, 2014, 10:04:02 AM

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

As long as the big account holders dont pool their forging, it seems safe enough.

However, if we had nodecoin, that would let the small accounts gain daily rewards that they can see. I think that is what most people want to see. We can then just put in bids in AE for nodecoin so that it is actually worth NXT

Instead of pooled forging, can you port over multisig? That is much more important than pooled forging, since there are alternate solutions for that. Multisig is pretty fundamental.

James

wakasaki808

sr. member

Activity: 476

Merit: 500

Quote from: Come-from-Beyond on March 05, 2014, 10:04:02 AM

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

Isn't it much harder for NXT compared to Bitcoin to be 51%(NXT with 90%+ right?)

Just have multiple pools if I understand it correctly. It gives the little guy with <100k a chance to get something out of forging. Many people want an incentive to forge.

Mises_77

member

Activity: 111

Merit: 10

Quote from: CoinTropolis_JustaBitTime on March 05, 2014, 09:53:13 AM

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

done

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Any updates on AE, what are we waiting for? can we set a date?

Mises_77

member

Activity: 111

Merit: 10

Quote from: joefox on March 05, 2014, 10:01:12 AM

Quote from: Mistafreeze on March 05, 2014, 08:39:59 AM

I'd personally like to Wesley's web client be included with NRS.

I strongly agree with this proposal.

Agreed

mcjavar

hero member

Activity: 784

Merit: 500

Quote from: Come-from-Beyond on March 05, 2014, 10:04:02 AM

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

And how should community decide? We will have a big duscission again, while work is on hold.
Please continue working on it, like planned, as this is the only way small stakeholders have the opportunity to forge. It is very frustrating to invest thousands of dollars and then see that you will generate the next block in 2 months.

If you want the community to decide, put up a voting, or make it clear HOW the community should decide, otherwise it is pointless and will only lead to another function not getting implemented till april.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: jl777 on March 05, 2014, 10:05:15 AM

Does anybody know if the getTrades API gets ALL changes in an assets ownership? I am assuming it gets all matched bid and ask orders, but does it also get all transferAsset txids?

I want to make sure I get any and all changes in asset balances.

James

Trades and transfers not linked.

jl777

legendary

Activity: 1176

Merit: 1134

Does anybody know if the getTrades API gets ALL changes in an assets ownership? I am assuming it gets all matched bid and ask orders, but does it also get all transferAsset txids?

I want to make sure I get any and all changes in asset balances.

James

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

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