NXT :: descendant of Bitcoin - Updated Information - page 695.

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Quote from: TwinWinNerD on February 24, 2014, 08:04:42 PM

I just wanted to ask if it would be possible to introduce a dynamic fee scheme? I heard today that bitcoin will implement this in the future.

Basically that means, that if there are few transactions the fee drops, if the number goes up, so does the fee.

if I understand nxt correctly,, this is not going to happen in nxt. See it was built on a very different idea. the fees in my opinion should be 0.01 forever.

- lophie

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: msin on February 24, 2014, 06:22:07 PM

Interesting, I could see many coins being built with this model in mind, a coin that provides a service, paid for in Nxt, and mined to keep the network strong.

Please note that just "running a node" is not the same as "forging" in terms of "protecting the network".

Although it can help with things like DDoS and for those that are blocked from accessing IP addresses the most important work is that done by "forging nodes" as only those nodes are "confirming transactions".

allwelder

legendary

Activity: 1512

Merit: 1004

Quote from: Jean-Luc on February 24, 2014, 01:47:52 PM

Quote from: opticalcarrier on February 24, 2014, 01:41:14 PM

can someone tell me how to access admin/alias/message/update html pages when using 0.8.1e? I cant seem to nav to them. I can forge though

Try port 7876.
http://localhost:7876/

why not https ?

nxtsky

newbie

Activity: 56

Merit: 0

Need some test coin:9545913092692286202
Thanks

rickyjames

full member

Activity: 196

Merit: 100

NXT FUNDING COMMITTEE VOTE IS COMING MARCH 1

Remaining eligible nominees with as-yet undeclared intentions (PM me if you want off this list):

2Kool4Skewl, Arckam_(frmelin), bitcoinpaul, buybitcoinscanada, Cointropolis_JustabitTime, Come-from-Beyond
Damelon, davethetrousers, drevil, ferment, Fry, hughmanwho, Jean-Luc, jl777, Klee, landomata, laowai80, msin, mww
nexern, opticalcarrier, PeercoinEnthusiast, pinarello, Pouncer, Ricot, salsacz, SecondLeo, smaragda, VanBreuk, ZeroTheGreat

Something Zahlen said: A candidate does not need to be good at writing English. Some candidates may not have English as their mother tongue. If you're voting, don't confuse lots of writing for ability to judge the worth of a project. Remember that ultimately the committee's job is to decide which projects get funded.

If you are on this list and want to be on a NXT funding committee, go here:

https://bitcointalksearch.org/topic/m.5280476

Background:

https://bitcointalksearch.org/topic/m.5280786

Good luck to these nominees who have declared themselves candidates:

NXTmarketingfund: allwelder, Damelon, Mario123, Asian Prepper, joefox, brooklynbct, CoinTropolis_NiftyNikel, Uniqueorn
NXTtechdevfund: EmoneyRu, Anon136, l8orre, abuelau
NXTinfrastructurefund: rickyjames, chanc3r, EvilDave, pandaisftw, ChuckOne, ^[GS]^

Yeah, you may have seen this before. I'll be putting it up every ten pages or so. It's one of those "legitimate, transparent process" things.

abctc

legendary

Activity: 1806

Merit: 1038

Quote from: jl777 on February 24, 2014, 02:46:35 PM

PLEASE, I need testnxt 18232225178877143084
I want to debug while the code is fresh in my mind

- 10k testNXT sent.

sparta_cuss

sr. member

Activity: 386

Merit: 250

Quote from: Sebastien256 on February 24, 2014, 07:32:01 PM

Quote from: mthcl on February 24, 2014, 07:28:18 PM

Quote from: msin on February 24, 2014, 07:11:21 PM

Quote from: morphers on February 24, 2014, 07:05:04 PM

So I've been following cryptocurrency for almost a year now.
I have been mulling over an idea and thought it was time to release it to see what people think.
I don't know how this could be done, and not sure if it could utilize nxt due to high TF.
Now that there has been discussion about making coins built on top of Nxt I can forget about the high TF for now.

The idea..
Tying digital image (or any file or digital content) ownership to a colored coin via smart properties (that's my current thinking on how to implement)
[...]

Definitely an interesting idea, could probably incorporate Alias, Messaging, and AE to tackle the project. Any kind of DRM solution utilizing Nxt would be huge.

I agree, it's really a very good idea!

Very interesting!

morphers, are you thinking of storing the images themselves on the blockchain?

gs02xzz

full member

Activity: 221

Merit: 100

Quote from: morphers on February 24, 2014, 07:05:04 PM

So I've been following cryptocurrency for almost a year now.
I have been mulling over an idea and thought it was time to release it to see what people think.
I don't know how this could be done, and not sure if it could utilize nxt due to high TF.
Now that there has been discussion about making coins built on top of Nxt I can forget about the high TF for now.

The idea..
Tying digital image (or any file or digital content) ownership to a colored coin via smart properties (that's my current thinking on how to implement)
This would give anyone that wants to copyright their content a way to stick it onto a secure, public ledger.
This is useful for stock images as they could set a smart property and give certain rights to someone that wants to use the image on their site. The image or API or something would check the network to verify that there rights for the subuser to use the image like whenever it is shown on a website. Nxt is good for this especially with the transparent mining.

I don't know how this could be implemented, but there are something like a Trillion digital images produced every year with only a few being digitally watermarked by highly expensive services. I think cryptocurrency can solve this and make it very easy and cheap track the rights to one's content.

I know most would want to pay to use those images that are just floating around the internet. Attaching some kind of address and/or smart property to an image can make it easy for those that want to do right by an original content owner and give them something, even if it's just a fraction of a penny.
So say you create a viral image that gets millions of views.
Right now that person most likely gets zero for it.
But if somehow all the servers and/or clients had an easy way to pay fractions of a penny to the original owner, that would make it easy for everyone to pay to use.

I don't know much about programming these days, but I think this could be a killer app if implemented correctly. The cryptocurrency that it gets attached to could be the de facto for content rights management and payment. This would seriously enhance the worth of the cc (cryptocurrency) that it is tied to by many factors IMHO.

What do you think?
sorry if you don't follow what I am getting at, basically it's some kind of DRM utilizing a secure, decentralized public ledger.

I have some NXT, BTC, LTC so I could send some to whomever takes this on to help the currency grow.

Great idea! If it works it will open a flood of business ideas and implementations on NXT. NXT should sponsor this idea.

Gaman

full member

Activity: 284

Merit: 101

Quote from: EvilDave on February 24, 2014, 09:14:02 PM

My last handful of points before I get to go to bed, go to work, kids, etc....:

NXT is still doing well, especially if u look at the disaster zone that is the crypto market right now.

A core point of BCnexts slightly mysterious plan is that NXT needs to first succeed as a first generation crypto-currency (ie, buy stuff, trade, invest securely, transfer money) before it can then leverage that success to become a second generation currency (Asset Exchange, DACs, colored coins, games, secure blockchain storage, contract enforcement...etc).

I think that NXT is running ahead of itself, and we need to step back a little bit and concentrate on the first gen stuff for a while.
This doesn't mean dropping any of the work on the second generation features.
The guys developing all of the second gen stuff should absolutely carry on, but the rest of us should concentrate on these areas right now:

  Promoting NXT as an complete alternative to Bitcoin and it's clones. Different code, none of Bitcoins current issues.

  Getting merchants on board. Payment solutions. Sell stuff....

  More big exchanges, more trading. Cryptsy and BTC38, as priority.

  Network infrastructure/rewards for running nodes. Network statistics...TPS capacity?

If we can boost these first gen aspects of NXT, we will end up in a much better position to launch NXTs second generation features on an unsuspecting world.

Almost the last point: Buy stickers! Support NXTs merchant eco-system !
https://nextcoin.org/index.php/topic,4181.0.html

Really last point: I'm now serious about being a candidate for the NXT infrastructure committee:

Quote from: rickyjames on February 24, 2014, 12:45:34 PM

NXT FUNDING COMMITTEE VOTE IS COMING MARCH 1

Remaining eligible nominees with as-yet undeclared intentions (PM me if you want off this list):

^[GS]^, 2Kool4Skewl, Arckam_(frmelin), bitcoinpaul, buybitcoinscanada
ChuckOne, Cointropolis_JustabitTime, Come-from-Beyond
Damelon, davethetrousers, drevil, EvilDave, ferment, Fry, hughmanwho, Jean-Luc,
jl777, Klee, landomata, laowai80, msin, mww
nexern, opticalcarrier, Pandaisftw, PeercoinEnthusiast, pinarello, Pouncer, Ricot, salsacz
SecondLeo, smaragda, Uniqueorn, VanBreuk, ZeroTheGreat

Something Zahlen said: A candidate does not need to be good at writing English. Some candidates may not have English as their mother tongue. If you're voting, don't confuse lots of writing for ability to judge the worth of a project. Remember that ultimately the committee's job is to decide which projects get funded.

If you are on this list and want to be on a NXT funding committee, go here:

https://bitcointalksearch.org/topic/m.5280476

Background:

https://bitcointalksearch.org/topic/m.5280786

Good luck to these nominees who have declared themselves candidates:

NXTmarketingfund: allwelder, Damelon, Mario123, Asian Prepper, joefox, brooklynbct, CoinTropolis_NiftyNikel
NXTtechdevfund: EmoneyRu, Anon136, l8orre, abuelau
NXTinfrastructurefund: rickyjames, chanc3r

Yeah, you may have seen this before. I'll be putting it up every ten pages or so. It's one of those "legitimate, transparent process" things.

Saved u the trouble, RJ.
So, yeah, put me down as a candidate for infrastructure.
I'll post the reasons to vote for me (apart from my winning smile) on the committee thread after i get some sleep and go to work.....about 16 hours from now, i guess.

I think NXT to be successful as a first gen crypto currency is like to go David vs Goliath. In my opinion, I think we should concentrate on 2nd gen capabilities - being the backbone of cryptocurrencies, i.e asset exchange --- facilitating coin exchanges, creating new coins on top of NXT, etc. I don't see NXT being used by the public majority --- that will be bitcoin. Rather I see NXT being used to support crypto-currencies. If we can achieve that, NXT will be successful.

opticalcarrier

full member

Activity: 238

Merit: 100

OK, now that we can use POST instead of GET on 0.8.1e, can someone tell me whats wrong here?

Code:

$ curl -sk --data "requestType=getBalance&account=6666386410" https://localhost:7876

Error 405

HTTP ERROR: 405

Problem accessing /. Reason:

    HTTP method POST is not supported by this URL

Powered by Jetty://

$

evanxxx

full member

Activity: 126

Merit: 100

Quote from: opticalcarrier on February 24, 2014, 09:23:33 PM

you didnt quote the second part of my post

yeah, because I didn't really get the meaning of that part, my english is not good enough Wink

CoinTropolis_NiftyNikel

newbie

Activity: 12

Merit: 0

*** Charity Drive Update ***

With the one-to-one match by a gracious donor, we are currently at 88,646 Nxt for the drive.

We need roughly 40k more to reach our goal of 170k and become the presenting sponsor for the Songs of Love event in LA.

Thank you to all who have donated and I hope anyone who has not can donate a few! Every Nxt counts!!

If you can't donate, at least help spread the word!

NXT Donation Address: 4636321498642303120

ZeroTheGreat

hero member

Activity: 644

Merit: 500

Quote from: EvilDave on February 24, 2014, 09:14:02 PM

disaster zone that is the crypto market

Who cares about the price? Only speculators do.

There's no way to get rid of volatility with today's range of volumes, everyone'd deal with it. Uptake volume - decrease volatility. There's no other way.

opticalcarrier

full member

Activity: 238

Merit: 100

Quote from: evanxxx on February 24, 2014, 09:13:13 PM

Quote from: opticalcarrier on February 24, 2014, 10:55:22 AM

Throwing out some suggestions here on prevention of centralization due to leased forging power...

Set a hard limit on size of a pool's effectiveBalance consisting of leased power. Maybe 5M or 10M NXT or something like that? We may even want to set a limit to max size of a single account's effectiveBalance, such that if a single account's balance is higher than, say, 10M NXT, then its effectiveBalance is limited to 10M. Users could then choose to split accounts and forge on different machines that would then provide a measure of redundancy.

Since I have some real world stuff to do, I don't have time to read every post about the discussion right now, sorry if this has already been discussed. but setting a hard limit cannot prevent the centralization. Since it is his business, the pool operator will just create as many as necessary accounts using as pools and forge on one computer.

you didnt quote the second part of my post

Quote

And since these countermeasures *could* be broken via configurations of software/hardware if the pool operator or user *really* wanted to, I think we still should pursue the TF option of selecting secondary, tertiary and even 4th and 5th accounts that could quickly forge a block should higher priority accounts fail to forge in a quick manner.

The goal isnt necessarily to prevent someone forging with a ton of NXT from forging blocks - its to split up resources as much as possible to guard against a large pool experiencing issues when it is its time to forge a block. So we make a max size to force processes to be split up so that if there is a failure of a process, they all dont die. Now this wont necessarily prevent a hardware failure from causing this issue though. But a proper pool operator would probably want to build redundancy anyways - to maximize forging profits. Having 3/4/5 forging backups in the protocol is just more redundancy.

But maybe the REAL key here to prevent forging centralization in the first place is to make forging as an end UNPROFITABLE.

We should start looking into things with a cause/effect outlook. Visualize our desired ideal scenario of a well-distributed network of forgers. Go through different actions (current state, proposedChangeA, proposedChangeB, etc) and try to determine the effects.

What actions should we take now to prevent centralization in the future? Can those actions have any other adverse effects? Eventually we will come to the appropriate course

EvilDave

hero member

Activity: 854

Merit: 1001

My last handful of points before I get to go to bed, go to work, kids, etc....:

NXT is still doing well, especially if u look at the disaster zone that is the crypto market right now.

A core point of BCnexts slightly mysterious plan is that NXT needs to first succeed as a first generation crypto-currency (ie, buy stuff, trade, invest securely, transfer money) before it can then leverage that success to become a second generation currency (Asset Exchange, DACs, colored coins, games, secure blockchain storage, contract enforcement...etc).

I think that NXT is running ahead of itself, and we need to step back a little bit and concentrate on the first gen stuff for a while.
This doesn't mean dropping any of the work on the second generation features.
The guys developing all of the second gen stuff should absolutely carry on, but the rest of us should concentrate on these areas right now:

  Promoting NXT as an complete alternative to Bitcoin and it's clones. Different code, none of Bitcoins current issues.

  Getting merchants on board. Payment solutions. Sell stuff....

  More big exchanges, more trading. Cryptsy and BTC38, as priority.

  Network infrastructure/rewards for running nodes. Network statistics...TPS capacity?

If we can boost these first gen aspects of NXT, we will end up in a much better position to launch NXTs second generation features on an unsuspecting world.

Almost the last point: Buy stickers! Support NXTs merchant eco-system !
https://nextcoin.org/index.php/topic,4181.0.html

Really last point: I'm now serious about being a candidate for the NXT infrastructure committee:

Quote from: rickyjames on February 24, 2014, 12:45:34 PM

NXT FUNDING COMMITTEE VOTE IS COMING MARCH 1

Remaining eligible nominees with as-yet undeclared intentions (PM me if you want off this list):

^[GS]^, 2Kool4Skewl, Arckam_(frmelin), bitcoinpaul, buybitcoinscanada
ChuckOne, Cointropolis_JustabitTime, Come-from-Beyond
Damelon, davethetrousers, drevil, EvilDave, ferment, Fry, hughmanwho, Jean-Luc,
jl777, Klee, landomata, laowai80, msin, mww
nexern, opticalcarrier, Pandaisftw, PeercoinEnthusiast, pinarello, Pouncer, Ricot, salsacz
SecondLeo, smaragda, Uniqueorn, VanBreuk, ZeroTheGreat

Something Zahlen said: A candidate does not need to be good at writing English. Some candidates may not have English as their mother tongue. If you're voting, don't confuse lots of writing for ability to judge the worth of a project. Remember that ultimately the committee's job is to decide which projects get funded.

If you are on this list and want to be on a NXT funding committee, go here:

https://bitcointalksearch.org/topic/m.5280476

Background:

https://bitcointalksearch.org/topic/m.5280786

Good luck to these nominees who have declared themselves candidates:

NXTmarketingfund: allwelder, Damelon, Mario123, Asian Prepper, joefox, brooklynbct, CoinTropolis_NiftyNikel
NXTtechdevfund: EmoneyRu, Anon136, l8orre, abuelau
NXTinfrastructurefund: rickyjames, chanc3r

Yeah, you may have seen this before. I'll be putting it up every ten pages or so. It's one of those "legitimate, transparent process" things.

Saved u the trouble, RJ.
So, yeah, put me down as a candidate for infrastructure.
I'll post the reasons to vote for me (apart from my winning smile) on the committee thread after i get some sleep and go to work.....about 16 hours from now, i guess.

evanxxx

full member

Activity: 126

Merit: 100

Quote from: opticalcarrier on February 24, 2014, 10:55:22 AM

Throwing out some suggestions here on prevention of centralization due to leased forging power...

Set a hard limit on size of a pool's effectiveBalance consisting of leased power. Maybe 5M or 10M NXT or something like that? We may even want to set a limit to max size of a single account's effectiveBalance, such that if a single account's balance is higher than, say, 10M NXT, then its effectiveBalance is limited to 10M. Users could then choose to split accounts and forge on different machines that would then provide a measure of redundancy.

Since I have some real world stuff to do, I don't have time to read every post about the discussion right now, sorry if this has already been discussed. but setting a hard limit cannot prevent the centralization. Since it is his business, the pool operator will just create as many as necessary accounts using as pools and forge on one computer.

ZeroTheGreat

hero member

Activity: 644

Merit: 500

Quote from: rdanneskjoldr on February 24, 2014, 08:51:36 PM

Quote from: ZeroTheGreat on February 24, 2014, 08:18:40 PM

Well, I can answer only for myself: copyright and copyleft'd die in hell, information belongs to nobody, humanity knowledge'd be free to access along with human right to keep secrets

So far not so much people'll agree with me, but I won't give up.

But its nice to compensate people when they do something worth,at least to motivate them to carry on doing more things.

Donations and request for paying for access (concerts, subscriptions, lectures and so on) can be used as reward for ideas/content generators. Not request for paying for information itself (with money or freedom: copyright, copyleft, patents). Revealed information can't be stealed and shoudn't be protected (trying to do it is useless and lead only to antiutopia) - it exists in general information field (Internet made this field united and awesome strong) after revealing (including malicious revealing).

By field I mean interconnected databases of all kind, including people's cortexes.

If I say: "I'm thinking about pink elephant. Please, don't steal my idea" What'd u do, huh? *cough* stealer Grin

rdanneskjoldr

sr. member

Activity: 288

Merit: 250

Quote from: ZeroTheGreat on February 24, 2014, 08:18:40 PM

Well, I can answer only for myself: copyright and copyleft'd die in hell, information belongs to nobody, humanity knowledge'd be free to access along with human right to keep secrets

So far not so much people'll agree with me, but I won't give up.

But its nice to compensate people when they do something worth,at least to motivate them to carry on doing more things.

ZeroTheGreat

hero member

Activity: 644

Merit: 500

Quote from: salsacz on February 24, 2014, 11:06:44 AM

Should Nxt support the anti SOPA activism or not?

Nxt's doing nothing. Nxt decentralized and can't support any point of view. It's just a protocol.

And some Nxters can support, for sure. Some others can do anyhting else )

Quote from: pinarello on February 24, 2014, 11:48:34 AM

Why dont we update the NXT network?

Pin, that's the good thing. Reasonable inertia = protection from social engineering attacks.

Quote from: morphers on February 24, 2014, 07:05:04 PM

What do you think?

Well, I can answer only for myself: copyright and copyleft'd die in hell, information belongs to nobody, humanity knowledge'd be free to access along with human right to keep secrets

So far not so much people'll agree with me, but I won't give up.

Quote from: TwinWinNerD on February 24, 2014, 08:04:42 PM

I just wanted to ask if it would be possible to introduce a dynamic fee scheme? I heard today that bitcoin will implement this in the future.

Basically that means, that if there are few transactions the fee drops, if the number goes up, so does the fee.

It's intresting idea.

ZeroTheGreat

hero member

Activity: 644

Merit: 500

Quote from: evanxxx on February 24, 2014, 05:01:52 AM

I think we can possibly solve this by making it more profitable to be a service provider than forging and the reward should be equal for different service providers instead of being biased to those with powerful machines and massive resource, thus everyone has the incentive to be a service provider and the service would be provided in a distributed way.

U're absolutely right. There's no limits with blockchains (commercial, non-commercial) 1 forger can support. So it's early to get depressed and disappointed. It's very very start.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 695. (Read 2761645 times)

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