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Topic: NXT :: descendant of Bitcoin - Updated Information - page 779. (Read 2761655 times)

legendary
Activity: 1092
Merit: 1010

8 projects waiting for approval in infrastructure committee:

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=806&p=3877#p3877

2 projects waiting for approval in marketing fund committee (salsazc please look for double entry with your administered fund)

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=807

please go discuss and vote.

thank you

update committee boards:

NXTinfrastructure board: 9 projects ----> 1 validated, 7 non objected, 1 objected

If no objection by tommorrow first project "payment modules for the main open source ecommerce and CMS systems" project leader Damelon, will receive 50K from the infrastructure unclaimed coins fund.

Any objections can be formulated here: https://forums.nxtcrypto.org/viewtopic.php?f=54&t=806&start=20

NXTmarketingfund: 3 projects------> 2 non objected, 1 objected

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=807

NXTtechfund: 1 project------> more info required

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=808


Isnt Damelon's project the same one NXTcommunityfund has 25K from neer.g and another 25K from someone else?



Yes.

Pin asked me about thuis.
The project means paying for one person to do coding for about a month and one person running a dedicated server for a longer time.

I was going tot contact you about this already.

I was happy this was also possible, and was hoping to get total to 100,000 nxt.
That way they would get  ~ 2000 EUR in fiat each, which is a more normal sum, for developing multiple modules.

I hope this is possible. If not, I'll understand, of course.

I hope Pin will confirm we had this discussion in PM.

BTW, I didn't tell my dev this. This was my decision. Just want to take care of the people I ask Smiley



sr. member
Activity: 376
Merit: 300
Can someone explain me how to get rid of the local time issues (I'm on 0.7.6, but this happened also with previous versions)? For instance, I get the following message in the console:

[2014-02-19 19:47:27.452] DEBUG: Will pop block 8909105522996058296 at height 70422

and then in the NRS client I see this as an orphaned block with time 20:47:11 (i.e., one hour ahead of my true local time, which was really 19:47). My system clock is synchronized with NTP (Brasil/East), I'm using Mageia linux (version 3).

set your system to UTC then NTP sync with UTC, then change any DST/TZ settings to correct the clock.  Just dont manually adjust the clock to correct for DST/TZ.

Barring that, not sure what issues you are having
When I change it to UTC, it displays incorrect time (+3h from here). Don't understand, how do I do the things you described in the drakclock...   Sad
full member
Activity: 266
Merit: 100
NXT is the future

Isnt Damelon's project the same one NXTcommunityfund has 25K from neer.g and another 25K from someone else?


yes, but we are talking about an professional solution for e-commerce that benefits everyone and we will be sure this will be deliverd on budget on time.
legendary
Activity: 1176
Merit: 1134

8 projects waiting for approval in infrastructure committee:

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=806&p=3877#p3877

2 projects waiting for approval in marketing fund committee (salsazc please look for double entry with your administered fund)

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=807

please go discuss and vote.

thank you

update committee boards:

NXTinfrastructure board: 9 projects ----> 1 validated, 7 non objected, 1 objected

If no objection by tommorrow first project "payment modules for the main open source ecommerce and CMS systems" project leader Damelon, will receive 50K from the infrastructure unclaimed coins fund.

Any objections can be formulated here: https://forums.nxtcrypto.org/viewtopic.php?f=54&t=806&start=20

NXTmarketingfund: 3 projects------> 2 non objected, 1 objected

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=807

NXTtechfund: 1 project------> more info required

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=808


Isnt Damelon's project the same one NXTcommunityfund has 25K from neer.g and another 25K from someone else?

full member
Activity: 266
Merit: 100
NXT is the future

time for some fun:

member
Activity: 98
Merit: 10
Wonderful things can be done over NXT!

Also




Maybe even

full member
Activity: 266
Merit: 100
NXT is the future

8 projects waiting for approval in infrastructure committee:

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=806&p=3877#p3877

2 projects waiting for approval in marketing fund committee (salsazc please look for double entry with your administered fund)

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=807

please go discuss and vote.

thank you

update committee boards:

NXTinfrastructure board: 9 projects ----> 1 validated, 7 non objected, 1 objected

If no objection by tommorrow first project "payment modules for the main open source ecommerce and CMS systems" project leader Damelon, will receive 50K from the infrastructure unclaimed coins fund.

Any objections can be formulated here: https://forums.nxtcrypto.org/viewtopic.php?f=54&t=806&start=20

NXTmarketingfund: 3 projects------> 2 non objected, 1 objected

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=807

NXTtechfund: 1 project------> more info required

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=808



What happens to the objected one?

If no concensus committee has to vote (voting system tbd, non gameable voting system)
legendary
Activity: 1512
Merit: 1004
Promotion in China
allwelder pretty dry
we are implementing our promotion plan as now.
such as nxt-e.com exchange platform , other platforms(keep secret now), AD on weibo,forum ,QQ group(we have successfully attract lots of PRT and XCP memebers) , famous people, promotion company ,and so on.
you and all of us,will see something progressing in China.
and if you are a Chinese ,you can also promote Nxt with us much forward.
hero member
Activity: 750
Merit: 500
www.coinschedule.com

8 projects waiting for approval in infrastructure committee:

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=806&p=3877#p3877

2 projects waiting for approval in marketing fund committee (salsazc please look for double entry with your administered fund)

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=807

please go discuss and vote.

thank you

update committee boards:

NXTinfrastructure board: 9 projects ----> 1 validated, 7 non objected, 1 objected

If no objection by tommorrow first project "payment modules for the main open source ecommerce and CMS systems" project leader Damelon, will receive 50K from the infrastructure unclaimed coins fund.

Any objections can be formulated here: https://forums.nxtcrypto.org/viewtopic.php?f=54&t=806&start=20

NXTmarketingfund: 3 projects------> 2 non objected, 1 objected

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=807

NXTtechfund: 1 project------> more info required

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=808



What happens to the objected one?
sr. member
Activity: 756
Merit: 250
Maybe I should just disable debug logging by default, it only makes people think something is wrong. The intention was to make it easier to follow what is going on with the block and transaction processing, in the cases where something does go wrong.


Please don't. The message DO make it easier to follow what is going on.
sr. member
Activity: 252
Merit: 250
Great summary, Ricky. Just a few comments:-

True Anonymity
Bitcoin transactions between wallets are recorded forever on its blockchain.  NXT  achieves true transaction anonymity via the no-trust-needed zerocoin (testing now) / zerocash (coming soon) protocol developed at John Hopkins University.
What about BCNext's original built in mixing feature?
"Nxt is being developed with payment privacy in mind.  I have not revealed details yet, but I can say that there is a special account in Nxt (recipient #0), later it will be used for advanced features (mixing, escrow, etc.)". I assume this will be available in April?
https://bitcointalksearch.org/topic/m.3355477

Transaction Rapidity
Bitcoin takes 10+ minutes per block for a max throughput of 7 transactions per second (TPS), currently using a 16GB (and growing) blockchain.  NXT currently takes 1 minute per block, with improvements in block timing speedup and routine chain pruning expected to support an eventual 1000 TPS.

What about using automatic rather than "routine" chain pruning as per BCNext's original design?
"Each 525949th block (1 year) the blockchain will be shrunk (and checkpointed)"
https://bitcointalksearch.org/topic/m.3409786
https://bitcointalksearch.org/topic/m.3372610

Consider adding a very important feature "Instant transactions with guaranteed confirmation", again a key original design by BCNext.
Edited: https://bitcointalksearch.org/topic/m.3386387

Thanks.
full member
Activity: 266
Merit: 100
NXT is the future

8 projects waiting for approval in infrastructure committee:

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=806&p=3877#p3877

2 projects waiting for approval in marketing fund committee (salsazc please look for double entry with your administered fund)

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=807

please go discuss and vote.

thank you

update committee boards:

NXTinfrastructure board: 9 projects ----> 1 validated, 7 non objected, 1 objected

If no objection by tommorrow first project "payment modules for the main open source ecommerce and CMS systems" project leader Damelon, will receive 50K from the infrastructure unclaimed coins fund.

Any objections can be formulated here: https://forums.nxtcrypto.org/viewtopic.php?f=54&t=806&start=20

NXTmarketingfund: 3 projects------> 2 non objected, 1 objected

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=807

NXTtechfund: 1 project------> more info required

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=808

full member
Activity: 238
Merit: 100
Can someone explain me how to get rid of the local time issues (I'm on 0.7.6, but this happened also with previous versions)? For instance, I get the following message in the console:

[2014-02-19 19:47:27.452] DEBUG: Will pop block 8909105522996058296 at height 70422

and then in the NRS client I see this as an orphaned block with time 20:47:11 (i.e., one hour ahead of my true local time, which was really 19:47). My system clock is synchronized with NTP (Brasil/East), I'm using Mageia linux (version 3).

set your system to UTC then NTP sync with UTC, then change any DST/TZ settings to correct the clock.  Just dont manually adjust the clock to correct for DST/TZ.

Barring that, not sure what issues you are having
legendary
Activity: 1176
Merit: 1134
At this writing, NXT costs under 0.1 satoshi each.

should be "under 10000 satoshi", right?

And you could mention the "solved" 51%-attack-problem, by POS-coins in general and especially with NXT and TF

Thank you.  I confused mBTC and satoshi.  And good point about 51% attack, that is definitely another meme to put in there.
I'm currently doing the automated multisig gateways, so not sure if I have time to get the "push button" coin creator by the time of Texas conference. Just change it to future tense and we should be good.

Also, I think I figured out all the things that need to be done for a proof of concept automated multisig gateway. It has to be 3 community gateways and 2 of 3 multisig since that is all bitcoind supports for now.

Still, I should be able to rapidly add support for all the altcoind's that are bitcoind forks. Then all cryptos will be able to be traded within NXT AE. Deposit and withdrawal to bitcoin/altcoin addresses automatic and multisig. You will therefore be able to go from any supported crypto to NXT to any supported crypto.

Automatically!

This is a limited trust solution, as the three gateways are peer reviewing each other. As long as we figure out how to have proper failsafe methods for gateway private key recovery in case two of them disappear at once, it will be safe in all but the scenario where all three gateways collude. After the initial release, we would probably want the three gateways to keep one third each of the reserve deposits in an offline wallet. Then again two of the gateways would need to be hacked before any unauthorized withdrawals could be made. My concern is that there is no way to detect that one of them was hacked.

James

P.S. At first I am just going to release support for dogecoin, that way any losses would be easily absorbable
hero member
Activity: 515
Merit: 502
Any recommendations on what level of password strength/entropy are required for a sufficiently strong password?

A passphrase of 12 unrelated and randomly choosen words is the best, I think the Diceware method should be the standard recommendation for newbies: http://world.std.com/~reinhold/diceware.html

That or use Keepass
sr. member
Activity: 376
Merit: 300
Can someone explain me how to get rid of the local time issues (I'm on 0.7.6, but this happened also with previous versions)? For instance, I get the following message in the console:

[2014-02-19 19:47:27.452] DEBUG: Will pop block 8909105522996058296 at height 70422

and then in the NRS client I see this as an orphaned block with time 20:47:11 (i.e., one hour ahead of my true local time, which was really 19:47). My system clock is synchronized with NTP (Brasil/East), I'm using Mageia linux (version 3).
sr. member
Activity: 294
Merit: 250
what about code something like : http://coinwidget.com it's open source so it's easy to modify this for Nxt
hero member
Activity: 854
Merit: 1001
Maybe I should just disable debug logging by default, it only makes people think something is wrong. The intention was to make it easier to follow what is going on with the block and transaction processing, in the cases where something does go wrong.

These questions will disappear after they have familiarized themselves with nxt-core. It's a process. It takes time.

Another issue:

many folks have the fear that they are on a branch/fork.

If you could find a way to demonstrate otherwise in the nxt.log. That would be great. Something like that:

Code:
[date] INFO: ....
[date] INFO: ....
[date] INFO: Fork probability: 0.01%
[date] INFO: ....
[date] INFO: ....
[date] INFO: Fork probability: 0.1%
[date] INFO: ....
[date] INFO: Fork probability: 14.2% WARNING
[date] INFO: ....
[date] INFO: ....

But, I fear that would greatly increase overhead at least for Raspis.

@J-L: Keep the debug logging on, I like seeing whats going on......

@ChuckOne: I find that u can almost always spot a fork by the number of unconfirmed transactions. If it ever gets over 20 or so, in my experience u are always on the wrong leg of a fork...and I've been there a few times.
Maybe u could just use the number of unconfirmed tx as a forking probabilty indicator ?
hero member
Activity: 532
Merit: 500
I got the wallet working, but the official faucet kept giving me an error. I also probably didn't create a particularly strong password.

Any recommendations on what level of password strength/entropy are required for a sufficiently strong password?

I'm merely curious about NXT. I'd like to see what I could do with it. I actually know some Java but never really had any incentive to keep learning it.

subscribe to reddit.com/r/NXT and post in the tip-bot thread, and i will send you some NXT to start.

Very well. I'll create a more secure password and do that.  Smiley

Just need to finish up on some work and I'll get right on it.
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
I got the wallet working, but the official faucet kept giving me an error. I also probably didn't create a particularly strong password.

Any recommendations on what level of password strength/entropy are required for a sufficiently strong password?

I'm merely curious about NXT. I'd like to see what I could do with it. I actually know some Java but never really had any incentive to keep learning it.

subscribe to reddit.com/r/NXT and post in the tip-bot thread, and i will send you some NXT to start.
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