Topic: NXT :: descendant of Bitcoin - Updated Information - page 808. (Read 2761629 times)

There is an interesting article on Coindesk about cryptocurrency's tipping and gift/donation economy -  
http://www.coindesk.com/rise-cryptocurrency-gift-economy/



 

Can someone pls send me some testnxt....100 would be great.

14748752939103314660


Thanks,
Lando

Nice

You can now send coins or messages to account aliases:

http://nxtra.org/nxt-client/ (testnet only)

Simply type the @ character, followed by the alias name. If it's connected with an account you should see what is displayed in the screen below.

You can register your alias, as format you should use the following:

acct:0000000000000000@nxt (make sure there are no spaces in between)

You can message me via @wesleynxt

In the final version (non-testnet), I'll make it so that you can only send to an alias after it has had 1440 confirmations, but for testnet this does not matter.

Who has the account with the unclaimed coins and how does community decides how to spend them?

+1, We need to focus on technology related foundations.  SOL will get us zero new users and the whole "we need to play on tragedy" is complete BS.  Wikileaks and EFF are very good causes with much bigger exposure than SOL.  I'm not sure why this isn't obvious to everyone.  I suggest we start a campaign for Wiki and EFF.

this one much better  

http://www.youtube.com/watch?v=Bihm6g8EfW0

Hey guys i need some help!

The reddit-tip-bot went opensource now and i need someone to check the code before i release the Bounty to the dev. Can someone please do this?

Please please


Contact me, there might be a bounty for the code checking!

Sorry to say, if you cut away the smoke and mirrors NXT is not a way to make money by mining or forging.  NXT makes mining obsolete by making the required infrastructure so cheap that it's going to happen as a low -cost NXT community effort just because we want it to happen.

Here's some words I'm writing for distribution in Texas:

NXT Is Green

Ecological?  Financial?  BOTH !!!

Bitcoin depends on a small network of mining nodes who support their operations by generating a fixed profit of 3600 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. Thus 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 thus by their very nature destined to fail.

NXT is the sustainable solution to this problem.  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.  


 

just as a clarification: when I used the word forging above I used it as a synonym for mining.

mining is basically used to secure the network - this is important. for bitcoin and the like it is essential and the incentives (= block rewards) designed to make people mine (we will see what happens when all coins are mined...)

now what's the fun in mining: you have hardware and software that you can tweak, monitor, run statistics, and you get happy when you mine a block or your pool mines a block. along the way the rewards diminish and you basically waste a lot of resources (power from the plug, stupid asics that turn worthless every couple of weeks, a lot of your time, ...). therefore you try to be the first to run the next generation of mining hardware which gets you over-average returns. this gives you another kick, because you're never sure if the gpu overheats, asic gets delivered on time, other manufacturers already did better, etc.
maybe you like mining for other reasons, but to me mining is because of the said things pretty stupid yesterday.

NXT uses forging to secure the network - important and needed, but what makes NXT stand out is not (at least imo) the fact, that the miners get a bit richer, it's the possibilities of the ecosystem. I'm sure that within a couple of months there will exist a coin on top of NXT that makes the miners more happy, this as a side note...
but what is really important: not that you receive more than you have when holding on to it or investing in new hardware. the goal is to have a working crypto ecosystem that let's you buy things securely and anonymously, that let's you exchange assets securely and easily, that let's you communicate with other without being monitored, that can be used as a base for other undertakings... and where the groundwork is not based on terawatts and terahashes - I'm not good with marketing stuff and this has been summarized better by others - but I hope you get my point.

At the current stage I believe that buying NXT will give you a lot in return, because it is still cheap and for the fun factor you miss from classical mining, you can visit this thread and watch the development of this little plant (or baby to borrow Anons word) to become a giant tree 

It takes 30 minutes or more for blockchain to catch up on rpi. Did you wait this long?  Check http://localhost:7874/nxt?requestType=getState and look at the numberOfBlocks. It should be +69,000

Ok, but I have restarted the client on the Pi with a fresh blockchain and my password is again logging me into the same, erroneous account.

I have been at this for ages now and have redownloaded the blockchain several times, but I always get this logging in error on the Raspberry Pi - it always take me to the same empty account.

I was hoping to use the Pi as a 24/7 node to help the network along a bit, but this is looking increasingly unlikely.

Baffling.

You can ignore this warning.

https://nextcoin.org/index.php/topic,3440.0.html

Ok, I have deleted nxt_db and started to d/l the blockchain.

However, when I start the client I immediately get the error:

Warning: System properties or JVM args set. Consider using..........

Googling this I find that I should delete the blockchain because it will be corrupted, but I have only just started the client and there is no blockchain to delete.

This is Linux on a raspberry pi.

Again, any help much appreciated

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Nxt uses Bitcoin's consensus rule. How would Bitcoin resolve this conflict?

If its confessional time, this is mine..... http://hellomaxmin.com/songs/taking-my-mind/

hahahhahah, same here!!!

CfB,

Since you posted this song (I don't remember when you did);

http://www.youtube.com/watch?v=P8ymgFyzbDo&list=FLICG86jx_ncx09vQfCo1Ayw&index=3

I'm addicted to it and listen to it everyday  

i was thinking.. the learning curve involved with nxt and crypto in general is very steep and allot of people give up fairly fast because they wont put money into something they dont understand and if they dont understand it how can they trust it.. i think there needs to be some sort of live help messaging/skype chat line to help people that are interested but struggle to get a grasp of it...

when you want mass addoption you need 3 things..

1. how do you get people in the front door? marketing.. and lots of it!

2. how you get them to reach the "ah ha" moment as fast as possible?

      i think all the tutorials and videos and texts that have been written are still to "techy" for regular joe soaps that still dont know mainstream media is corrupt
      i think it needs to be dumbed down so much your seven year old child could teach himself in a 1 min what it is and how to use it and what to use it for
      trying to explain what a block chain is to joe soap is like trying make a cat swim..
      
3. how do you deliver core product value as often as possible?

nxt does this but people just dont know it yet. they need the 1st 2 steps down and when they do they will see this straight away! more so when fees are lowered (if they are lowered), there is one video on nxt that is very good

http://www.youtube.com/watch?v=IsKPyq_zL5g

i think this video should be one the home page of the new nxt.org site.. if that goes ahead!

and mayby a step by step on how to buy nxt.. i mean every click.. downloading the wallet. which exchange to buy bitcoin from.. which exch to buy nxt from how to put bitcoin on the exchange, how to place an order and how to withdraw the nxt to your wallet.. it really does need to be that in depth.. otherwise ppl get lost and give up. .you may laugh but people are that dumb!  happened to a friend of mine.. i told him all the sites.. he couldnt work it out in 20 -30 mins so he gave up... hes not techy what so ever.. i mean doesnt know ctrl+c is copy.. or what the tab button does...

 if you want mass adoption these people need to "get it" straight away...