Topic: NXT :: descendant of Bitcoin - Updated Information - page 781. (Read 2761629 times)

Leave it, just simple Joe wants to know, that everything is OK with these messages.

OK, thank you for explanation for simple Joe. Now I can go to sleep and leave my node running

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.

Properly speaking, Bitcoin doesn't require storing a large digital file. This is the wallet implementation, but not the bitcoin protocol. Nxt Protocol has no wallet, but who knows what the client devs will do with it in the future.


This is so true!


So much wow

Thank you.  I confused mBTC and satoshi.  And good point about 51% attack, that is definitely another meme to put in there.

If you check the block id and the latest blocks in your client, you will almost always see that this same block was actually accepted. Especially when you are running a public node, when a new block appears on the network many of your peers will submit it to you at the same time. Obviously, only one of those submissions gets included in the blockchain, and just after that happens for all the others the previous block id is no longer the same, so they get rejected.

If someone has an invite code for Bittrex.com, please PM me.

P.S.: Got a tweet from Mintpal

No, I didn't say that. An invalid alias transaction will never make it into the blockchain in the first place.
When a block is popped off, if it happened to contain a (necessarily valid) alias assignment transaction, this requires a blockchain scan. The block pop-off has nothing to do with the alias transaction in it, and cannot be forced by an invalid transaction.

We did it We are going to be on Bittrex soon!

Yeah, sorry, forgot to mention that...  
I was just saying I was seeing the same again .

Any idea how much a Genesis or DarkNXT 'lith will cost?

I am SO tempted!
 

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

J-L already stated you can ignore these messages.

he already did please read his posts

I have some marketing text I've written I would appreciate your comments on.  In particular, please point out any errors.  I am considering distributing this at Texas Bitcoin Conference.  If you see a part of it you want to comment on, PLEASE edit down to just the section you want to discuss.  The last thing I want to do is create slab walls of full quote text here for the next 20 pages...

NXT Vs. Bitcoin

Brainwallet Accessability
Bitcoin requires storing a digital file (the “wallet”) for use on only one computer. NXT allows knowing a short, ultrastrong password (35+ truly random characters) to access NXT funds from anywhere on Earth.

Network Simplicity
The Bitcoin network requires competitive Proof-of Work (PoW) GHash/sec mining using hi-cost, hi-energy, custom ASIC nodes.  The NXT network uses cooperative Proof-of-Stake (PoS) transparent forging between $35, 4W commodity Raspberry Pi nodes.

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.

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.

Active Community
5000+ NXTers from 50+ countries are united in a vibrant online community.  We don’t just talk, we act.  We’re growing. Come join us!

NXT First 100 Days – WOW!

NXT’s genesis block was cast Nov 28, 2013.  Only 100 days later, by early March 2014, NXT has shown it’s more than “just a coin”.  A 2nd generation cryptocurrency written from the ground up in new Java code, NXT has rolled out numerous financial service capabilities that will revolutionize the crypto world – and more are coming!  As an alternative to long, complex transfer addresses, NXT offers a text “alias” registration system on its blockchain with over 60,000 registered in its first 100 days.  NXT has demonstrated a push-button interface for new altcoin creation atop its blockchain that allows ANYONE to create their own new coins, not just a limited  programmer priesthood.  Most significantly, NXT has a parallel testnet CURRENTLY TESTING crypto-signed peer-to-peer asset transfer and blockchain streaming asset quotes.  This unique capability offers an alternative to existing exchanges.  Don’t wait on next year’s teenaged ethereal dreams - join us on NXT Exchange TODAY!
  
Speaking of exchanges: almost a billion NXT has changed hands on numerous exchanges such as Dgex.com or Bter.com.  And Cryptsy is coming!  On Feb 8 Let’s Talk Bitcoin #82 at 13:30, “Big Vern” of Cryptsy commented: "[NXT] is not a cookie cutter coin…technical implementation [at Crypsy] is going to take a little more time...it's popular…it’s fair…I feel comfortable with [NXT].”

The NXT Bottom Line

1,000,000,000 genesis block NXT were  distributed to 73 founders who responded with a Bitcoin or less to a Bitcointalk [ANN] investment thread that was public and open for six weeks.  You could have been founder 74.  Now, with NXT only 100 days old, early mass distribution of “coins” from founders to users is still underway at exchanges like Dgex and Bter.  At this writing, NXT costs under 0.1 mBTC each.  Upcoming events which may drive that price higher include release of full open source code on April 4, inclusion of NXT on Cryptsy, announcement of new features, and an ongoing major advertising push by our Chinese members.

NXT doesn’t mine new coins – it forges (recycles) old ones.  NXT node operators (forgers, in the blacksmith sense of the term) use cheap CPU computers to receive transaction fees imbedded in any blocks they create and add to the NXT blockchain.    As a 100% Proof of Stake coin, forgers are selected to forge new blocks in proportion to the total NXT “coins” (or “stake”) they already own.  This results in a small return on investment proportional to your current holdings– like bank savings account interest.

NXT is not a mined, Bitcoin-based price-pop altcoin of the week.  NXT is creating a new financial ecosystem for use in coming years, based on cheap nodes for the common good.

NXT Is Green

Ecological?  Financial?  BOTH !!!

Bitcoin depends on a small mining node network fighting for their cut of  3600 newly minted Bitcoins per day.  The available daily operating budget to keep Bitcoin from freezing up is thus $3.6M or less (at $1K/BTC or under) to  generate the current 25 million GHash/s needed daily.  A representative miner “pickaxe” is a Butterfly Labs Monarch costing $2000 and using 350W of power to produce 600 GHash/sec. The current Bitcoin mining network has sunk unit infrastructure costs of at least $83 million and (at $0.10/KwH) ongoing electricity costs of at least $35,000 per day.  

Both costs are rising faster and faster. Exponential growth of Bitcoin’s hashrate (see blockchain.info/charts/hashrate) means mining rigs and energy use will skyrocket out of control, sooner rather than later.  Bitcoin and clones like Doge are by their very nature destined to fail.

NXT solves this problem sustainably.  By using cooperative transparent forging, not competitive gigahash mining, NXT does not have an exponential forcing function at its core that drives its costs and energy consumption ever higher.  A NXT blockchain support network of 1000 Odroid U3 nodes has a one-time unit infrastructure cost of only $60 thousand and uses only $48 per day in electricity – forever.  

Holy crap! That is cool. So awesome that it should be made illegal.

Say whaaat!

nxt monolith prototype is here  







More pics https://www.dropbox.com/sh/dgtssbde40wx4dt/x59vAKeILe

This was actually quite a bit of work. I had to polish the outer edges by hand with several grades of wet sandpaper and do the final touch with polishing paste. I also carved the outer edges of the logo to smooth the edges. 20mm acrylic seems to be a tough material even for a high power laser-cutter so it has to be finalised by hand. Which actually gives it more value imo, handmade in Finland

This is very first prototype and it came out rather nice. I would be very willing to post this prototype anywhere to be used as promotional material in bitcoin-conferences and other pr-events. If there was some spare nxt in marketing funds I'm up for it.

See the original monolith post, more monoliths to come.
https://bitcointalksearch.org/topic/m.5067143

In the novel, augmented reality is dominant, with humans interacting with virtual overlays of reality almost all of the time. This is accomplished by wearing smart clothing providing gesture recognition and contact lenses that can overlay and replace what the eye would normally see with computer graphics, using advanced virtual retinal display (VRD) technology. In addition, haptic feedback is possible by overlaying graphics onto a physical machine such as a robot

Just for next brainstorming: http://www.coindesk.com/ebay-wallet-stores-multiple-currency/

EDIT: Maybe it's time to start to talk with Ebay?

WoW MSIN,

Thanks a lot! This is a really great community! So excited!