Topic: NXT :: descendant of Bitcoin - Updated Information - page 932. (Read 2761626 times)

True, but isnt it better if the only thing we had to trust was that (the issuer isn't stealing from the deposit fund or changing the published source code for the automated gateway) -- VS -- the same, plus never makes any accounting errors

The less trust required, the better

Edit: My problem is that we go from needing the issuer to ACTIVELY break trust through bad deeds, to the issuer potentially breaking trust via inaction or error in accounting.

The issuer of an asset is solely responsible for issuing a fully reserved asset.  Even if you make it so a certain type of asset can be increased or decreased in the AE, the issuer could still be fractionally reserved.

So fractional reserve??
We need two types of assets, one that can be increased/decreased after creation and one that is a single issue.
Hopefully, adding a flag to Asset creation to indicate the type will not be too much work.
Otherwise, it becomes too easy to sell more Asset than is collateralized.

I hope you can see the advantage of having NXT AE keeping track of the total issued, especially for an automated gateway. As long as there is 1:1 correlation of Asset created and deposit; and 1:1 correlation of Asset redeemed and withdrawal, NXT AE automatically keeps track of everything, eg. decentralized and automated.

With this issue 1 billion, we have a single point of failure in the gateway where any accounting error gets us doing fractional reserve

I hope you are skype friendly!

I think this simple example explains why Dogecoin is growing so fast.

Forum analogy...no offence to our beloved Nxtcrypto.org

Doge == BTT forum
Nxt == Nxtcrypto.org


Many people say nxtcrypto.org is a ghost town and prefer to use BTT because it has network effect.  Nxtcrypto is much better for organizing but BTT is more vibrant with lots & lots of users.

On the hidden agenda: don't think DOGE is an evil scheme, it's simply an example of an emergent system; right idea in the right place at the right time leads to massive growth. Could just as easily have been CatCoin or KittehCoin or....but DOGE just caught a wave at the right moment.
If u want a conspiracy to destroy alt-coins, take a long, hard look at Maxcoin.


DOGE vs NXT = Marketing vs real innovation.
I'm not worried about DOGE in the long term. Either it will crash like a bitch when the next most-hyped coin comes along, or it will remain in the crypto ecosystem as a tipping/small payments coin, at least for a while. It brings nothing new to the table, purely marketing/hype.


I'm also not too worried about NXT. Never forget that we are barely 4 months down the road from NXTs genesis. Look how far NXT has come in that time, and look at how stable it is right now, in a very hard time for all cryptos.  Having said that, it wouldn't hurt NXT to pay slightly more attention to marketing.
If u r really old, think about VHS vs Betamax, or currently Apple vs everyone they copy, sometimes marketing wins over innovation.

I think our best 2 marketing strategies right now will be

  1) to continue to spread the word among serious tech types/crypto nerds. Nerds love NXT, we really do. Try to find another thread on BTT with the same level of technical discussion......

 2) Promote NXT as a safe haven in uncertain times for crypto. The last few days have seen big losses for a lot of cryptos, but NXT is remaining solid, only losing/gaining fiat value in step with BTC. Don't know how NXT will do in a serious BTC crash, but if enough people see it as a solid alternative to BTC and step over to NXT, the sky is the limit.

And hodl, of course, don't get impatient. It took Bitcoin 5 years to get where it is today....

I'm happy.

Guess this was posted in two topics (or I am seeing double).

If others are happy then yes I think I could play the part of "the client" for said development.

@CIYAM:

Can you lead a project as a Product Owner implementing something like Ethereum on top of NXT?
Agile/Scrum development would be preferred

Check tutorial for setting up free VPS.

My thoughts exactly.

Although I agree with James that for some kinds of "assets" it makes sense to be able to effectively "add more quantity" but it does not make sense for things that are "shares" and in fact it would be very dangerous to allow that as your shares could just suddenly become worthlessly diluted by the issuer.

Perhaps for your cases James just issue 1 Billion in the first place and put up "asks" only for those that you have "stock" for at any current time.

According my vps:

0.6.1 & below:     129
0.7.2 & above:     156
0.7.1 & 0.7.0e:    14
0.6.2 :                135
No version info:    49
.NXT:                  9
Total:                 493

about 61% nodes running current version,
29% nodes running old & legacy version,
10% zombies?

Bitbargain n Bittylicious are more expensive... normally i get it from localbitcoins... which is cheaper by 10% sometimes.

Both the main UK FIAT exchanges (Bitbargain, Bittylicious) have suspended bit coin trading 
I have helpfully suggested they add NXT
Anyone else in the UK who trades on these should drop them a note 

thx for the testNXT   

 16424349873668201900

 No (same for Bitcoin, NXT, etc)

No.

BCNext could have a hidden agenda too. It's not actually important what a cryptocoin was created for, it's important what it's used for and where is heading to.

Anyone? Do I need to worry about my public node?