Topic: NXT :: descendant of Bitcoin - Updated Information - page 836. (Read 2761626 times)

Nxt service proposal: Alias management services.

Aliases have lots of lots uses: they could replace domain names, e-mail addresses, phone numbers. And don't think of them as just short replacements of long strings. They can also act as a more convenient form of data storage (or rather, pointers to stored data) than AMs, e.g. as timestamps for creative works , and as magnet links to torrents of such works.

As alias use grows, we'll need ways of managing their use. Some, the community will come to a consensus about and just adopt naturally. Service providers could also offer some, e.g. auction houses for people to put up their squatted aliases, search engines that try to determine what type of data the URI contains and present that in a manageable way for users, software that lets authors of digital works easily manage the timestamping and archival for their works.

EDIT: These auction houses could be run via smart contracts! There'll be smart contract coders and auditors for hire, bounties will be placed for bugs and exploits.

Hi guys, new NXT website announced, https://NxtOk.com

thread here: https://bitcointalk.org/index.php?topic=470463.new#new

Hi eb,

below is the java line from my start script.  used to run -Xmx756 while I assumed to have 1GB, now it is  running on this:

$java >> $nxtlog -- -Xms128m -Xmx456m -jar $nxt STOP.PORT=7873 STOP.KEY=0815 2>&1 >> $nxtlog & then


Are you recommending other params? I was under the impression that Xms128m is minimum java heap, and Xmx456m is maximum java heap ...

But even keeping a private node online costs significantly for some folks. (Guess I should do this though!)

Cool, will think of more, especially for the Xtnd thread since we'll need to know what the scripting language needs to be able to do.

Check out the EDIT to my earlier post, they may clarify other aspects of forging incentives, especially with regards to advanced consensus.

You dont have to run a public node, even a private node helps the network. Also, submit as many ideas as you have, this is a brainstorming contest

Leased forging would solve all that.

Personally, I don't feel guilty for not forging. I own ~12k Nxt. I'm a poor shibe, could only afford to buy into 4.3k of it (at~250USD), the rest I received through helping out around here (thanks again everyone!). And if all I can afford is that amount, I definitely can't afford to run a public node, protect it against DDoS, upload lots of data, keep everything running, etc, regardless of any social expectation/ostracism. I'd be perfectly happy to lease my forging power though (but not actually send the nxt). Let someone who runs a service using Nxt and who can afford to do all the above forge in my stead. Personally, I'm happy to subsidize them a little by letting them keep my (likely small) forging gains. Or maybe, as Nxt develops, it'll be the other way round, they'll want to compete for my Nxt forging power and offer me incentives for doing so.

Cool with me either way

EDIT: The "penalty" Ian was referring to is something like 0 forging power for a period of time. Not a penalty if you don't plan on forging anyways due to it being impractical, but a penalty (lost opportunity) if it is through leased forging.

Also, from my own guesses about TF's advanced consensus, a consequent lost opportunity penalty (for Nxt based services that could run a server) is loss of control of the network. As a forger, you can choose which txs to include in the network blocks you forge (and maybe even which scripts to run). You could blacklist people you don't like and reject txs from them (that could be drug dealers, or patent trolls, or whatever), give priority to txes from people you do like (say friends and family, charities, buisness partners, even at the cost of losing out on higher tx fees). And of course other people could check on your forging behaviour too, and decide whether or not to leave you with control (they can personally set your forging power to 0 by blacklisting you and sending their tx to the next candidate forger, which is predetermined. Enough people don't like that and do this, and there's a new consensus.)

Basically I think advanced consensus will just stem from economic and social behaviour, of everyone looking out for themselves as well as things they like and don't like.

I would like to submit Trustless Crowdfunding through Smart Contracts. (The hitch I mentioned in that post can be solved. This lets people who see business opportunities directly seek small investments from lots of people, including regular folks. Contrast this to current models like the stock market, which is so many layers of middlemen and indirection and legal beauracracy. Even Kickstarter has problems, it's recently been hacked, and the US govt may be placing exhorbitant taxes on funds gathered.

(This was based off a convo with Anon, and he suggested another approach for crowdfunding. So maybe split the pot with him for this?)

Going further, people could design such smart contracts for a fee, or even automate the process. (Think of the website which allowed you to design your own BTC/LTC clone by selecting options and paying a small fee). This lets other people experiment with different crowdfunding options.


EDIT: I'm pretty sure there are *lots* of ways to build businesses and services on top of Nxt. Can I make multiple submissions? Also, I think Ian (Ciyam) would be interested in these ideas too over at the Nxt Scripts (or what I call the Xtnd language) thread. He's looking for more use cases for Xtnd.

Oh man..somehow that never occurred to me. Sent him a pm.

So far Mises_77 has the best idea for service or product on top of NXT. A nodecoin that rewards people for forging in a new altcoin. This way, even if you dont forge a node, at least you get a nodecoin. Eventually a market in this coin will develop and people will trade them for fun. I think it should be on a per machine basis, so it wont matter how big your acct is, you still can get some nodecoin every minute. Probably need to fractionalize the reward, or limit to the ones that were closest to forging. Anyway, excellent idea regardless of how the details shake out.

I will be using nodecoin as an example of a NXTcoin that are built on top of NXT. Rickyjames is authorized to make 500NXT payment to Mises_77

I will keep the contest open for several more hours, so keep the ideas coming. It has to be better than nodecoin, but you can do it!

James

URGENT: I need to hire some programmers.

I need someone with serverside coding experience

I also need someone with client side coding experience

I also need a Java programmer

I need someone who can deal with generating multisig bitcoin transactions

Preferably somebody that can do more than one of the above things, so from 1 to 4 people. Even if you can only take 2 weeks off from work, we can get a lot done if you can work fulltime. If you need to receive salary for the programming time, I can pay in NXT, just PM me your skills and requirements.

I want to fully implement an automated multisig gateway federation and NXTcoins development kit. I have the bandwidth to manage a half dozen more projects, but I want to concentrate on these two as they are the MOST influential on NXT value and have a large return for investment pretty much guaranteed.

James

P.S. I hope nobody minds if I use the 100000 NXT bounty for automated DAC gateways to fund salary for the automated multisig gateway and part of the 500000 NXTlayers bounty for the NXTcoins dev kit as those are pretty closely related to original bounty description.

Hi Nxters,

I noticed a cosmetic bug in nexern's blockchain explorer. When you search for an account that doesnt exist, it says "noting found" 
Anyone know who should this be addressed this too?

http://s18.postimg.org/6108dnq49/Screenshot_from_2014_02_17_09_34_25.png

Here are the last pieces of the video interview that my buddy Leon Fu and I did with Anon136 about nxt:

What Is The Difference Between The Bitcoin (BTC) Blockchain Vs. The Nextcoin (NXT) Blockchain?
http://prisonorfreedom.com/what-is-the-difference-between-the-bitcoin-btc-blockchain-vs-the-nextcoin-nxt-blockchain/

Why Were Security Flaws Purposely Put Into The Nextcoin (NXT)'s Source Code By It's Developers?
http://prisonorfreedom.com/why-were-security-flaws-purposely-put-into-the-nextcoin-nxts-source-code-by-its-developers/

Who Are The Key Players & Programmers Of The Nextcoin (NXT) Source Code?
http://prisonorfreedom.com/who-are-the-key-players-programmers-of-the-nextcoin-nxt-source-code/

Should Investors Be Worried About Nextcoin (NXT)'S Price Volatility?
http://prisonorfreedom.com/should-investors-be-worried-about-nextcoin-nxts-price-volatility/

I hope these videos with Anon136 will help to educate new adopters and investors of Nxt.

Tai Zen

I wouldn't have the rigs in the first place because I saw the obvious advantages to PoS from day 1.

But no, I totally agree with you about making a 'coin' for them to mine on top of NXT. I think it's a great idea.

Your feeling is exactly right. It is evident when occasionally someone new will post in this thread " I like this coin how can I mine it". They are

mindless zombies stuck in cycle of mmmmmmine......coooooins.....seellll......repeeeeeaaat. "Oh I've heard interesting things about nextcoin

I shall mine this. Where to the selling???" Even those who understand nxt as not a mining coin still say things like "why should I forge when

I don't have a million nxt. It no fair waaaaaa". I'm new to crypto currency and before I bought my first nxt I was fresh off the boat having bought

and mined coins on cryptsy. But to me it was obvious the mining mentality was old news once I read about nxt. And nobody had to tell me

forging is not for getting rich but to help nxt grow. I can not for the life of me understand anybody who doesn't "get" that forging is not

for profit but a small bonus for doing the right thing which is supporting the health of your investment which is nxt. Like James said, IGNORE what

few nxt gets forged. Forging is taking care of your baby. And my baby. It kinda looks like a lil babay. Get in my bellay!!!!!

IMO, most miners are not innovators. Sure, they can do a lot of work looking up the most profitable coin to mine, but they aren't actually contributing anything to the community (besides securing the network, which PoS does for pennies). The only innovators in the mining community I can think of are ASIC manufacturers, they actually are making new technology - which, unfortunately, is making PoW gravitate towards centralization.

I'm not against "useful" mining such as NodeCoin suggested earlier, processing scripts, etc. because it does something that is actually useful. PoW (in the sense of keeping the network secure) is an antiquity.

So to respond to Jame's question, we should make PoW coins on top of NXT that provide useful services. For example, in-line with BCNext's vision, implementing a coin with mining inflation (eventual target ~1%) for everyday use is useful. NodeCoin could be used to reward node operators, and entitle them to buy special node services, thus being valuable (@ZeroTheGreat, this is pretty much proof-of-node). ScriptCoin to run Scripts, etc. So many possibilities!

yes,more forge means more safer,and we nxters need or should  forge.
But I mean if there is  penalty from tech or math point of view for not forging.

Nobody is making free money from mining anymore.Maybe you get lucky and get a windfall now and again, but anything that pays out really well one day is breakeven very soon.

We need to think in terms of there being this vast number of computations and the people that are managing it to maximize revenues from that asset. Wouldnt you do the same if you had the mining rigs?

Understand the other guy and what is important to him. Then maybe there is a way of finding common ground, like give the miners exactly what they want, just make it so they mine on top of NXT.

James

I didn't mean that all miners want something for nothing. But from my understading, a lot of these miners have ALREADY invested a lot of money into GPU's and such from previous mining operations like litecoin or whatevercoin, and are then just trying to switch from coin to coin once the difficulty of a certain coin gets too high to be lucrative anymore without buying more and more hardware. I just feel like a lot of them believe the point of crytocurrencies is just to be able to get rich off of running computer hardware and consuming electricity.

+1. Maybe we should create a thread dedicated to ideas of building business on NXT and the business models. I am interested in building a small business on NXT, for instance a gift shop. I am still trying to figure out how to do it.