Topic: NXT :: descendant of Bitcoin - Updated Information - page 674. (Read 2761644 times)

Posted my candidates speech for the NXT infrastructure fund (NXT-ISF from now on, can't be arsed typing it every time.)

https://bitcointalksearch.org/topic/m.5350802

And a call for speakers at the A'dam Bitcoin conference;

https://bitcointalksearch.org/topic/m.5374756

Excellent newsletter from apenzl !!
http://nxter.org/nxt-newsletter-3/
Any whales in the house.....give apenzl lots of NXT.


Going to bed now. Really....

Just in case you missed it - NXT Newsletter #3: http://nxter.org/nxt-newsletter-3/

You can sign up for email notifications on nxter.org. 

/apenzl

Nope, not about a small fee for access he says. For copyright - for monopoly on information itself (that almost impossible to achieve w/o strongest dictatorship). Small fee for access, but free information: pay to see, free to use what u saw (read/heard/knew). Information freedom incompatible with copyright (fully compatible with secrets of any kind).

I disagree with disposition. Nobody has right to certainly monetize anything he creates (or says he created, it's important), only freedom to monetize. And harmonic ways exist: donations + paid access (specialist's hours of work/subscription/tikets/etc). Alas, but still there's a copyrigt as a (inharmonic, ofc) way around... Not everyone's thinking hard about this.

Whole concept of deserved things always failing (when regulator of "fairness" fails).

Magnitudes less. Threr's no way all NXTs'll be for sale at any point. Market supply stricly bounded.

Very big mistake. Say, tommorow NXT'll cost a ten times more. I'll smile. 2 days - 100x, I sell some (X%) and buy something. 3 days - 1kx, x/10%... and so on. There's no way all NXT's be for sale, cos it's bad strategy, there'll be plenty of bad players, but part'll act smart - no sense in giving away a owned limited liquid resource at once. Everyone (of survivers) will start to balance their incomes and outcomes and never sell reserves w/o some critical situation.

0.1 NXT for main chain ASAP (in-thread voting with well-weighted opinions of members of community). Later: let's see. For different chains: let's see for chain at first  

Fair... Fair. FAIR. Arghh, everytime somebody says "fair" on purpose a kitten dies in healthy capitalistic world. We'd care less about "fariness". Goal of penaltizng? To prevent malicious block creation (when big stake's taking time to secretly forge bad chain) and to stmulate to forge (both potentially penalized and potential winners of penalties for others).

All depends on how u keep and how often use your private key. Digital keeping, using at alltime-Net-connected computer that used for plenty businesses? Trojan/keylogger-vulnerable. Ofc, less vulnerable than having non-encrypted /Roaming/****coin/wallet.dat, bit still a reason to manage risks.

If there is a way to tag reputation (similar to ebay) to an asset exchange gateway. I believe that reputable gateway could act like an escrow. Trading MMORPG game items would be very interest and a lucrative business.

+1 - but penalties and node vs node behaviour does need at least looking at for vulnerabilities.


+1 If you can't demonstrate you can do the basics well (or frankly in the case of BTC A lot better!!) why would people trust you with the advanced stuff which is built on top of it.

Get in touch with swartzfeger he's our official Nxt Gaming expert.

NXT developers should prioritize a colored "gaming" coin. The gaming market is huge and there are tournaments being played all the time online for money. It would be convenient to trade with NXT instead of cash because many gamers are young and international. It will be quick to transfer money from one corner of the world to the next. I play Starcraft II and Diablo III. Starcraft 2 has tournaments all the time, and you could trade Diablo 3 items for NXT. The potential is huge!

yea ... Only in the beginning, after the launch, that calculation can be a start, iff there is nothing else to evaluate the initial value.
After the start the value should be under the mercy of market, supply & demand
 

Hey...who you calling grumpy?

I remember getting excited because they were gonna upgrade me at work from the original IBM PC to the IBM XT with a 20 Megabyte Winchester hard drive.  No more floppies for me!  I still had to load programs at home from cassette tape on my TRS-80...

http://en.wikipedia.org/wiki/IBM_Personal_Computer_XT

I remember getting excited about Win 95 and our departments first ever (single-speed) cd-burner. And don't get me started on that Y2K thing....

I feel the need to weigh in again on the forging rewards debate:

We do not need to change the current forging setup.
Forging right now is completely fair. Everyone who forges gets a small percentage increase in their NXT holdings, in the form of tx fees.
You must remember that NXT is (as rickyjames keeps telling us) a zero-sum game. There are only one billion (minus a few) coins in existence. Forging does not make new NXT, just moves the old NXT around.

Pools will make it easier for smallholders to keep their forging power online, but will make absolutely no difference to earnings thru forging.

(This brings me to the 1st gen/2nd gen thing...more on that later)
Forging will only provide a sizeable income if/when we have a large amount of NXT transactions, which will only happen if NXT is in wide-scale adoption as a 1st generation crypto (ie, pay, move, store, invest, use like money).
Even then, forging will never give the dramatic gains that some people seem to expect.

But we need to encourage a healthy network: lots of NXT nodes, big, small, forging, non-forging, it all helps.
The easiest way to do this is to implement a rewards scheme running alongside forging, but one that rewards setting up and running a node:   Jl777's NodeCoin plan, in other words.  

TL:DR
Reward nodes, listen to jl777, do not fuck around with forging.


Back to the 1st Gen/2nd Gen thing: some people have expressed the opinion that NXT should completely skip the whole idea of being a successful 1st Gen crypto (ie pay, move, store, invest) in favour of going straight to concentrating on being a 2nd Gen crypto (AE, AM, DACS, colored coins, games....etc).

Good idea but if NXT is a success as a 1st gen currency:
We will have lots of money to spend on setting up 2nd gen features/DACS.
We will have a large user base ready to invest in and adopt 2nd gen features.
We will have a much higher profile in the crypto and wider worlds.

We can't expect to just go from zero to successful 2nd gen without first succeeding as a 1st gen. I can't see it happening.....
Correct me if i'm wrong, but all other 2nd gen cryptos are either stuck in development hell or riding on the back of Bitcoin, a successful 1st gen currency.  See where I'm going with this ?

Last 1st gen vs 2nd gen point: assuming that we have 15,000 unique NXT users (number out of my head) , how many of those people are capable of doing effective development work on the 2nd gen features ?  5% ? 10% ? 20% ?
But everyone can participate in making NXT a success on the 1st gen level, simply thru marketing, encouraging adoption, and actually helping to build a 1st gen eco-system thru trading and use.

I'm not saying stop work on 2nd gen, I am saying that more of us should concentrate on getting the 1st gen basics of NXT right, while the big brain/serious dev skills dudes can build the fairy castles in the sky that will make us all rich.

Hopefully......

That's still pretty old for a geek. I started back in punched card days. I am ancient as far as sysadmins go.

Thanks guys, did hear from the Bittrex team, I sent them some Nxt to test on their system and they are working hard to implement with their automated system.  They were impressed with the dev help (Opticalc) and the community support.  Thanks for all who signed up.  We should be all set with them soon as well as Atomic Trade, I believe Byron left an update post here today.

+10, use hashcheck, it rules.

And I thought I was an old grumpy bastard......my birth year is gonna be in 11 pages and my favourite colour (well, the only colour) is black........

done

Already done 2 days ago...

i'm doing a "porting" of iNxt to FirefoxOS (always mobile)

Here is my WIP: http://www.riccardorossi.org/FireNXT/index.html

what i have to add in Wallet? (now only exchange is working)

Thanks!  It's actually pretty close, on March 22.

Regarding Texas Bitcoin Conference, I have gotten word that Tai Zen (Asian Prepper) and I are officially confirmed for door passes as official NXT sponsors.  I am told I will be participating on the Alternative Cryptocurrencies panel, a secondary discussion group that will be held at the same time as their "Big Three" main discussion groups at 3:20 on March 6.  This is totally appropriate, as NXT is being given bottom-rung "Sponsor" status for Salsa's payment of only $1000 instead of the quoted $2500.  See schedule link below.  

http://texasbitcoinconference.com/schedule

This is the beginning, NXT will grow from here in future conferences.  And I am certainly looking forward to this one.