Topic: NXT :: descendant of Bitcoin - Updated Information - page 985. (Read 2761632 times)

But it is not sure, if -2 in form as a 3 would result in the same outcome as it would be a 'real' 3 from the beginning.

I suggest you call it anything, other than something misleading or sounding like a wall street financial instrument. What's important is how you define that asset. Let's call it AAg (Anon silver) as an example. 1 unit of AAg = "whatever you define".

Many may not understand the difference between holding title to an asset vs having a claim to a pool of asset. To make your service safe for market participants and professional (and hence profitable for you), it would help if you publish, sign and embedded a social contract into the blockchain defining a few key points:-

(1) Title to asset is transferred from you to buyer upon x confirmations by the Nxt network
(2) Until physical delivery is effected, any holder of AAg as defined by the Nxt blockchain remains the bailor and you become the bailee of the asset. See Bailment.
(3) Asset is stored by bailee on an Allocated asset (as opposed to an Unallocated or pooled asset).
(4) If you deal with bars with serial numbers, you could offer storage as Segregated asset, in which case each title is tied to a unique physical item.

(2) is the most important. Once it has been established that you are acting as a bailee and have no legal rights to the AAg and that they do not appear on your balance sheet, it cannot be sold by liquidators if you become bankrupt (not that you will ) or if it's confiscated by the FBI.

This is how major bullion custodians like GoldMoney, BullionVaut & PerthMint do it.

Hope it makes sense.

@cfb I am sure you code to this: http://www.youtube.com/watch?v=vOTURWqJyhU&list=PL4518B1FCFD912E2F
how do you not fall alseep?

This is where I got the YT movie from. Thanks for that.

for the record james you are a valued member of this community, but why are you taking what people say to heart? your ideas are welcome always...should people not give you constructive advice at all? for example this thread has suggested you put most of your ideas here: https://bitcointalksearch.org/topic/m.5039893  and then gradually introduce them are people wrong for this?

In a week I will provide you a good platform for your ideas, you just have to wait

Don't do this. The time required to run the code should NEVER depend on input data. This makes timing attacks possible (depending how to the methods are used).
If this is fixed it should be incorporated into main client.

The money should be backed by commodity and not the way is now.
The commodity is limited, planet earth is limited resources on the planet are limited
there is no space for infinite growth in economy.
Now the money is not backed by anything or only by empty promises in future.
We don't know the future therefore we should not believe in future promises.
Current economic model is detached from nature it does not follow the nature cycles
and will bring us do destruction.
Check the signature to learn more.

market potential is def huge, and these innovation have no track record no doubt..But the nature of this industry is an experimental one...most people involved in bitcoin are taking an extreme risk and would not suddenly become risk adverse with a new technology that can potentially improve their situations. it might be a bit early to talk about network effect in the sense of a brand new product, but what we have here is an entirely new paradigm, and the end result that cannot be predicted for sure..

Lets talk about facts: What we know is that there are several companies waiting in the wings till something like the nxt or xcp AE becomes available..these companies had been dislodged from centralized issuances ie bitfunder, gbsex .et.c and have resulted to manually handling dividends. So I doubt the lot of them will hesitate to use any utility that makes their life easier as soon as it is out...

Also each of these companies will act as evangelist for whatever platform of their choosing promoting investment opportunities to the public, then subsequently referencing the platform (nxt) for their customers to be able to get involved. This will be an indirect promotion for NXT or XCP depending on who they are with.

Its is true that ethuereum for example could come out and beat Nxt by the end of the year , but in my own opinion for that to happen Ethereum has to come up with even more features that nxt hasn't already countered...From Nexern's hints I believe that we can already provide what ethuereum has to offer and more...Just look at bitcoin and litecoin, aside from the infrastructure bitcoin already has isn't litecoin or even ripple a better form of payment in terms of speed?

so I agree that we must have a better product before launch, but not with your statement that it is premature to assume the possibility of  a network effect earlier on in the game...Your point speculates as to weather there will be any valuable companies spurring this growth...We know there are definitely alot of companies waiting to take advantage....It a new day, there is a definite demand and no way to tell for sure the end result....end rant

"-2" is passed as input to verify() which was expecting to see "3" not "-2"...

What you do essentially is to open a shop to sell silver.

Ripple calls it IOU, not sure if it makes sense to use the same terminology to reduce general confusion level.

By the way, the community has made it loud and clear that it does NOT want my ideas unless I have a totally vetted and complete solution. Since I was posting ideas to help get them vetted and complete, that means I do not see how I can directly help the NXT community at this point. It seems there is no perceived value in coming up with ideas, even ones that allow us to compete effectively with etherium, and no perceived value in being a project manager.

I put so much time and effort into NXT, it is disappointing to be rejected like this. How would you feel if your ideas were compared to a Ddos attack and then that was +1 many times?? Sorry but I am not Dr Evil, I am not smart enough to solve the tech issues on my own. THAT is why I posted my unfinished ideas, to get help. Anybody can say it is impossible forget about it. I was hoping someone would say maybe there was a way to reduce the problem to a simpler form.

Anyway, I dont want to overstay my welcome so I will limit myself to a most one post per day. I hope that wont be too much of a bother for people to read. i will continue administering the NXTcommunityfund. Once the three committees are fully up and running and if the main funders of the NXTcommunityfund want me to, I will disburse the NXTcommunityfund (minus some amount for rainy day fund) to the three committees or hand over trusteeship to whomever they choose. I dont want anybody to feel like I have so much centralized power that I might actually hurt NXT.

If anybody has actually started on any NXTcommunityfund bounties, let me know. I know of only the tipbot project and acceptance of NXT on websites project. Unless somebody posts that they are actively working on any of the other bounties, I think that it is best that they all be canceled. Wouldnt want to distract anybody from doing things that are actually important by working on my bounties that everybody feels is worthless.

Oh, rickyjames, please pay Zahlen and salsacz 500 NXT. I believe that concludes any current pending NXTcommunityfund business.

I have to pay my bills and at this point I have to either work on my ideas by myself since nobody will constructively help me or accept some external projects that I have been offered.

James

Edit: I hope people here will think I at least did some good by helping getting the unclaimed NXT released to the three committees. I feel that was a big positive, but then again I am probably wrong about that too.

out of memory for me with 756!(i'm running a node and also bfgminer)

I see what you mean. Commodity-backed money. Hmm, will history repeat itself? https://www.youtube.com/watch?v=e6LWqgohO4E

Thought nexern was saying client by end of march?

Who cares about the price? It's about the ecosystem and the technology right now.

Yes, I know.

So, the problem is that -2 or 3 is processed further and we are not certain if -2 behaves differently than 3 does. That is certainly a problem.

EDIT: we are not certain if the 3 resulting from a -2 is process the same way as we would give it another try.

Once the decentralised exchange is launched.  It will be the fast, energy efficient and have a GUI.

BTW devs. How's progress going with it?  What's the ETA on the alpha/beta launch?

why such the drop in NXT? Any guess as to when it will hit the .10 mark again?

no a share entitles you to a portion of the equity in a thing. this is different. this is the title to a thing its self. you are the owner of the silver coin, i am the custodian, and the token is the deed that proves that you are the one that owns it.