NXT :: descendant of Bitcoin - Updated Information - page 697.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: jl777 on February 24, 2014, 05:49:58 PM

Quote from: msin on February 24, 2014, 05:37:21 PM

Quote from: jl777 on February 24, 2014, 04:16:56 PM

On the contrary, I want to rescue the computing power that is being wasted mindlessly calculating hashes. My first coin will actually productively use the computing power to solve business problems, or at least problems that directly map to a business solution. Also, instead of having 99.9% of the calculations being wasted (there is only one winner per block), my coin will have just a three way redundancy. That allows it to validate results without an unacceptable loss from redundancy.

For better or worse, the mining industry has created a monstrous computing machine. Giga, tera, peta(!) and beyond. However, all that computing on something that has no real world value. What if we can get 33% efficient use of all that computing power? How much is it worth to a business to tap into that computing power?

The market is built in for my business coin. Business will pay for the computing power in NXT(!) and this NXT gets distributed to the miners on a prorata basis as their holdings. This also means that the business that is paying for the computing power can get a discount by purchasing the business coins.

I need to finish the automated gateway so I can start on the NXTcoin platform. Actually, the code base will have a lot in common as creating peer reviewing gateways is really the same thing as peer reviewing the coins in circulation. The really cool thing is that I get to tie all the various things I am interested in and combine them all into a three layer NXTcoin system, which helps NXT network and price demand.

James

Just curious, when you say that miners would receive Nxt per their holdings of Nxtcoin, where would this Nxt come from?

The NXTcoin will be aggregating the computing power (previously wasted) into a coordinated cloud supercomputer. I will integrate business useful functionality right into the coin, so if I do my job correctly, the businesses that find access to a cloud supercomputer useful will pay for usage. I plan on charging in NXT. This creates a unique use for NXT as no other currency would be able to directly purchase access to the coin supercomputer

James

Edit: I am not talking about pie in the sky brute force searching for genome markers that WCG does. I am talking direct computation of things that business want.

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.

wesleyh

sr. member

Activity: 308

Merit: 250

Quote from: igmaca on February 24, 2014, 06:08:40 PM

Quote from: wesleyh on February 24, 2014, 05:58:02 PM

Quote from: igmaca on February 24, 2014, 05:55:12 PM

Quote from: wesleyh on February 24, 2014, 03:12:15 PM

Hey guys,

To those that have tried my web client http://nxtra.org/nxt-client ; A beta version is now available for download here:

http://nxtra.org/nxt-client/dev.zip

Unzip, move the dev folder to nxt/html/tools/dev

Then go to http://localhost:7876/dev

This is assuming you have 0.8.1e installed (it will not work correctly on older versions!) - do not try

I suggest you connect to TestNet first though; in the upper left corner you can switch between TestNet and localhost. Try everything out in TestNet first, when you are comfortable you can connect locally. There may still be errors in the code, it's a beta after all.

Not everything is done yet, and Internet Explorer is completely untested. I suggest you use either chrome/firefox or safari for now.

Also need to do some more interactive updating after submission of forms, etc.

if you want, you can send me a message there via the alias wesleynxt (just open the send message dialog and type wesleynxt in the account field). Messages are not yet encrypted.

Let me know what you think.

I have the active 0.8.1.e client and I can not connect through the client file :/ / / C :/ nxt / html / tools / dev / dev / index.html #

You should put it at tools/dev not tools/dev/dev (but it shouldn't matter).

You are acessing it through http://localhost:7876/dev/ right? Do not double click on index.html as it will open via file:// which does not work.

Go! Google Chrome could not find the page localhost: 7876.

Have you just clicked the link here:

http://localhost:7876/dev/

That should work, otherwise your java may not be running. Check if http://localhost:7875 works

Anyway, I'm off, will answer questions later.

igmaca

full member

Activity: 168

Merit: 100

Quote from: wesleyh on February 24, 2014, 05:58:02 PM

Quote from: igmaca on February 24, 2014, 05:55:12 PM

Quote from: wesleyh on February 24, 2014, 03:12:15 PM

Hey guys,

To those that have tried my web client http://nxtra.org/nxt-client ; A beta version is now available for download here:

http://nxtra.org/nxt-client/dev.zip

Unzip, move the dev folder to nxt/html/tools/dev

Then go to http://localhost:7876/dev

This is assuming you have 0.8.1e installed (it will not work correctly on older versions!) - do not try

I suggest you connect to TestNet first though; in the upper left corner you can switch between TestNet and localhost. Try everything out in TestNet first, when you are comfortable you can connect locally. There may still be errors in the code, it's a beta after all.

Not everything is done yet, and Internet Explorer is completely untested. I suggest you use either chrome/firefox or safari for now.

Also need to do some more interactive updating after submission of forms, etc.

if you want, you can send me a message there via the alias wesleynxt (just open the send message dialog and type wesleynxt in the account field). Messages are not yet encrypted.

Let me know what you think.

I have the active 0.8.1.e client and I can not connect through the client file :/ / / C :/ nxt / html / tools / dev / dev / index.html #

You should put it at tools/dev not tools/dev/dev (but it shouldn't matter).

You are acessing it through http://localhost:7876/dev/ right? Do not double click on index.html as it will open via file:// which does not work.

Go! Google Chrome could not find the page localhost: 7876.

wesleyh

sr. member

Activity: 308

Merit: 250

Quote from: igmaca on February 24, 2014, 05:55:12 PM

Quote from: wesleyh on February 24, 2014, 03:12:15 PM

Hey guys,

To those that have tried my web client http://nxtra.org/nxt-client ; A beta version is now available for download here:

http://nxtra.org/nxt-client/dev.zip

Unzip, move the dev folder to nxt/html/tools/dev

Then go to http://localhost:7876/dev

This is assuming you have 0.8.1e installed (it will not work correctly on older versions!) - do not try

I suggest you connect to TestNet first though; in the upper left corner you can switch between TestNet and localhost. Try everything out in TestNet first, when you are comfortable you can connect locally. There may still be errors in the code, it's a beta after all.

Not everything is done yet, and Internet Explorer is completely untested. I suggest you use either chrome/firefox or safari for now.

Also need to do some more interactive updating after submission of forms, etc.

if you want, you can send me a message there via the alias wesleynxt (just open the send message dialog and type wesleynxt in the account field). Messages are not yet encrypted.

Let me know what you think.

I have the active 0.8.1.e client and I can not connect through the client file :/ / / C :/ nxt / html / tools / dev / dev / index.html #

You should put it at tools/dev not tools/dev/dev (but it shouldn't matter).

You are acessing it through http://localhost:7876/dev/ right? Do not double click on index.html as it will open via file:// which does not work.

joefox

full member

Activity: 210

Merit: 100

Re-posting my Public Service Announcement:

If you are new to Nxt and don't want to read through 1937 pages of posts, come to the wiki, parts of which are now available in nineteen languages:
- Learn about Nxt
- Get started
- get basic questions answered in the FAQ and common problems pages
- Learn how to set up a public node on a VPS
- read up on the Nxt high-level API, which you can use to build apps, games, clients, utilities, and more
- find additional resources for programmers, including suggested methods for integrating Nxt with your sites, API documentation, software change logs, a PHP library, and more.
- check out the current draft version of the Nxt whitepaper, which is being built and refined by top community contributors (it's still rough, but there's lots of great content already)

There are also great forums with lots of info and support for beginners. Many of the best Nxt wiki articles are based on information originally contributed here:
- The nxtcrypto.org forum
- The nextcoin.org forum

... and don't forget our Nxt sites (and these are just the English ones):
- http://www.nxtcrypto.org
- http://mynxt.org
- http://nxtarea.com/

Wiki contributors pull information from these threads every day to keep the wiki up to date. You can also help contribute, or translate.

This thread is long (oh BOY is it long) and daunting for new folks, and most of the conversation here is not helpful for beginners. So don't get frustrated -- come to the place where all the details are being collected!

igmaca

full member

Activity: 168

Merit: 100

Quote from: wesleyh on February 24, 2014, 03:12:15 PM

Hey guys,

To those that have tried my web client http://nxtra.org/nxt-client ; A beta version is now available for download here:

http://nxtra.org/nxt-client/dev.zip

Unzip, move the dev folder to nxt/html/tools/dev

Then go to http://localhost:7876/dev

This is assuming you have 0.8.1e installed (it will not work correctly on older versions!) - do not try

I suggest you connect to TestNet first though; in the upper left corner you can switch between TestNet and localhost. Try everything out in TestNet first, when you are comfortable you can connect locally. There may still be errors in the code, it's a beta after all.

Not everything is done yet, and Internet Explorer is completely untested. I suggest you use either chrome/firefox or safari for now.

Also need to do some more interactive updating after submission of forms, etc.

if you want, you can send me a message there via the alias wesleynxt (just open the send message dialog and type wesleynxt in the account field). Messages are not yet encrypted.

Let me know what you think.

I have the active 0.8.1.e client and I can not connect through the client file :/ / / C :/ nxt / html / tools / dev / dev / index.html #

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: wesleyh on February 24, 2014, 05:50:29 PM

Please send testnxt to 9827273118446850628 - thx!

Weve been forging for a while. Does anybody have testnxt?

wesleyh

sr. member

Activity: 308

Merit: 250

Please send testnxt to 9827273118446850628 - thx!

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: msin on February 24, 2014, 05:37:21 PM

Quote from: jl777 on February 24, 2014, 04:16:56 PM

On the contrary, I want to rescue the computing power that is being wasted mindlessly calculating hashes. My first coin will actually productively use the computing power to solve business problems, or at least problems that directly map to a business solution. Also, instead of having 99.9% of the calculations being wasted (there is only one winner per block), my coin will have just a three way redundancy. That allows it to validate results without an unacceptable loss from redundancy.

For better or worse, the mining industry has created a monstrous computing machine. Giga, tera, peta(!) and beyond. However, all that computing on something that has no real world value. What if we can get 33% efficient use of all that computing power? How much is it worth to a business to tap into that computing power?

The market is built in for my business coin. Business will pay for the computing power in NXT(!) and this NXT gets distributed to the miners on a prorata basis as their holdings. This also means that the business that is paying for the computing power can get a discount by purchasing the business coins.

I need to finish the automated gateway so I can start on the NXTcoin platform. Actually, the code base will have a lot in common as creating peer reviewing gateways is really the same thing as peer reviewing the coins in circulation. The really cool thing is that I get to tie all the various things I am interested in and combine them all into a three layer NXTcoin system, which helps NXT network and price demand.

James

Just curious, when you say that miners would receive Nxt per their holdings of Nxtcoin, where would this Nxt come from?

The NXTcoin will be aggregating the computing power (previously wasted) into a coordinated cloud supercomputer. I will integrate business useful functionality right into the coin, so if I do my job correctly, the businesses that find access to a cloud supercomputer useful will pay for usage. I plan on charging in NXT. This creates a unique use for NXT as no other currency would be able to directly purchase access to the coin supercomputer

James

Edit: I am not talking about pie in the sky brute force searching for genome markers that WCG does. I am talking direct computation of things that business want.

chanc3r

sr. member

Activity: 952

Merit: 253

Quote from: jl777 on February 24, 2014, 04:16:56 PM

On the contrary, I want to rescue the computing power that is being wasted mindlessly calculating hashes. My first coin will actually productively use the computing power to solve business problems, or at least problems that directly map to a business solution. Also, instead of having 99.9% of the calculations being wasted (there is only one winner per block), my coin will have just a three way redundancy. That allows it to validate results without an unacceptable loss from redundancy.

Curious too....
A lot of this mindless computation is SHA specific asic not general purpose CPU - so what business problems can you solve ?
Intrigued - when will you elaborate?

opticalcarrier

full member

Activity: 238

Merit: 100

Quote from: igmaca on February 24, 2014, 05:34:51 PM

with nrs 0.8.1e nxt client do not conect in https://127.0.0.1:7875/
can someone explain why?

SSL isnt enabled by default. see JLP's release notes and the nxt-default.properties file for more info

msin

legendary

Activity: 1470

Merit: 1004

Quote from: jl777 on February 24, 2014, 04:16:56 PM

On the contrary, I want to rescue the computing power that is being wasted mindlessly calculating hashes. My first coin will actually productively use the computing power to solve business problems, or at least problems that directly map to a business solution. Also, instead of having 99.9% of the calculations being wasted (there is only one winner per block), my coin will have just a three way redundancy. That allows it to validate results without an unacceptable loss from redundancy.

For better or worse, the mining industry has created a monstrous computing machine. Giga, tera, peta(!) and beyond. However, all that computing on something that has no real world value. What if we can get 33% efficient use of all that computing power? How much is it worth to a business to tap into that computing power?

The market is built in for my business coin. Business will pay for the computing power in NXT(!) and this NXT gets distributed to the miners on a prorata basis as their holdings. This also means that the business that is paying for the computing power can get a discount by purchasing the business coins.

I need to finish the automated gateway so I can start on the NXTcoin platform. Actually, the code base will have a lot in common as creating peer reviewing gateways is really the same thing as peer reviewing the coins in circulation. The really cool thing is that I get to tie all the various things I am interested in and combine them all into a three layer NXTcoin system, which helps NXT network and price demand.

James

Just curious, when you say that miners would receive Nxt per their holdings of Nxtcoin, where would this Nxt come from?

igmaca

full member

Activity: 168

Merit: 100

with nrs 0.8.1e nxt client do not conect in https://127.0.0.1:7875/
can someone explain why?

verymuchso

sr. member

Activity: 421

Merit: 250

HEAT Ledger

Same here, please send some test nxt

12790521293207104739

mthcl

sr. member

Activity: 376

Merit: 300

Quote from: EvilDave on February 24, 2014, 05:16:19 PM

Quote from: mthcl on February 24, 2014, 05:07:25 PM

2036840723237273850, thanks a lot!

But please hold on, I didn't yet do anything useful

So start.....what can u do?

And to everyone else sitting on the sidelines: GET INVOLVED !

Every small contribution helps.
If u want to actively help NXT: get off yr ass, look around, find somewhere u can help and dive on in.
Don't hang back because u might not want to look foolish or make a mistake.
No one here is perfect, (except me, of course), just do your best.

Surely, no one sitting on the sidelines can resist such an invitation. One humble question: does translating around 500 wiki entries count as an involvement?

My remark about "anything useful" meant that I'm really interesting in constructing a reasonable math model to estimate probabilities of a successful attack on the network, but didn't yet advance too much on this.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: mthcl on February 24, 2014, 05:07:25 PM

2036840723237273850, thanks a lot!

But please hold on, I didn't yet do anything useful

test NXT please 18232225178877143084

EvilDave

hero member

Activity: 854

Merit: 1001

Quote from: chanc3r on February 24, 2014, 05:09:10 PM

Quote from: jl777 on February 24, 2014, 04:29:51 PM

Please run for infrastructure committee! These are some cool ideas. We might get emergent behavior from a self-organizing network.

Thanks James.
This is the stuff I know from my time in telco and real time finance and am interested in (apart from Nxtopia Cheesy

)...
I thought this stuff was techdev because its software, but if its infrastructure I'll drop ricky a note about switching although I think that group already has some strong and well respected candidates.

I second that, otherwise I might have to put myself up as candidate for infrastructure committee.
(I'm not joking, can't let RJ be supreme lord of infrastructure all by his ownsome)

Jerical13

full member

Activity: 266

Merit: 100

Quote from: landomata on February 24, 2014, 04:02:36 PM

Quote from: jl777 on February 24, 2014, 03:51:02 PM

Really. As the creator of the currency, I can say that I would only sell any coins that I mined or purchased and that the coins that have been created by issuing, but not yet mined are off limits. I can enforce this with peer nodes verifying the balance 24/7. Any violation of this would destroy the coin. It could also be possible to use AT savings account to release the coins in a predictable and controlled fashion. That would reduce the risk to just the current batch that is being released could be misappropriated.

I think we should lend more energy and thought to this line of reasoning as it really does solve the problem of securing the network while also creating a new market at the same time.

And even if the coin fails we can always create another and another and another similar coin until we get it right.

I think you have something there. I think the future is in creating a lot of coins that are a little bit successful. kind of like custom coins made for particular markets like local currencies, pension funds, currencies that can be exchanged in smaller circles inside the NXT free market, Designer coins; to me there mode of generation is irrelevant. A coins failure is only possible without a market, so if you concentrate on developing a market along with a coin or specifically make a coin for a market it won't fail. If you just create a coin you will be like one of the 100 on crypto market cap whose developers are hoping people will buy. If you have a market then it doesn't matter how you generate the coin really.

EvilDave

hero member

Activity: 854

Merit: 1001

Quote from: mthcl on February 24, 2014, 05:07:25 PM

2036840723237273850, thanks a lot!

But please hold on, I didn't yet do anything useful

So start.....what can u do?
(Edit time: I've just been informed that mthcl has translated a shitload of Wiki pages for NXT, and was being a bit ironic in the above post. I missed any irony involved by a country mile... Embarrassed

)

So: to anyone and everyone sitting on the sidelines: GET INVOLVED !

Every small contribution helps.
If u want to actively help NXT: get off yr ass, look around, find somewhere u can help and dive on in.
Don't hang back because u might not want to look foolish or make a mistake.
No one here is perfect, (except me, of course), just do your best.

Coinonaer

full member

Activity: 168

Merit: 100

Quote from: jl777 on February 24, 2014, 04:48:01 PM

P.S. I am looking for people to help me with my business coin. I think I can do most all the tech myself as all the hard work is already done with NXT. I just dont have the skills to do a decent website, nor the time to market this.

Hi James.

Very good idea. I can help you getting attention in Germany. Will write about this in my blog.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 697. (Read 2761645 times)