How could 1 person destroy a coin?
By being so obnoxious it was hard for even supporters to keep going to the thread. When we needed developers he scared them off. great job. Plus I'm pretty sure he is a NXT boy trying to scare any nxt like coins away. smaragda? Put him on ignore. I did. The guy is restarted. He is a disease |
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production & distribution of 'culture' - music, videos, news, blogs, ideas ... thinking for yourself .. the internet itself
blogs are posed to servers that are centralized, production is done by software owned by companions like Adobe, Google, Microsoft and Apple. I don't know what you are talking by the "internet itself" The Internet is simply a name for a network. You connect to it via ISP that charges you money. content creation on the NET is NOT controlled by editorial guidelines to the same extent as traditional media, so with little cost and effort, ordinary people like you and me are capable of producing content that *might* reach & influence millions of people. Think of a a viral YouTube video. Yes, a big corporation owns YouTube, but what about in the future? Decentralisation of content creation has empowered people. Decentralization of the infrastructure is the next step. If you can't see this trend now don't worry. It's still early days  The gatekeepers of news, ideas, values, culture etc still exist, but their power is reducing. There is competition, and it comes from lots & lots of little people all around the world. This is not we mean when we are talking about decentralize in crypto. We have more competition on the internet, but servers people use (google, dropbox, flickr, twitter, etc) are all centralized. Even this forum is centralized. Almost everything online is centralized one way or another. |
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furthermore, if you want to spend the XEM that somebody sent you, you need only wait for the first block confirmation. in Node you have to wait more than that, so in Node, it isn't really your money to spend until a longer time has passed.
Node claims to have implemented instant transaction confirmation. That's different than what you re talking about. |
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production & distribution of 'culture' - music, videos, news, blogs, ideas ... thinking for yourself .. the internet itself
blogs are posed to servers that are centralized, production is done by software owned by companions like Adobe, Google, Microsoft and Apple. I don't know what you are talking by the "internet itself" The Internet is simply a name for a network. You connect to it via ISP that charges you money. |
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The computer
The internet
WTF? Calling a computer "decentralized" is like calling a washing machine "decentralized". THat statement makes no sense. Internet is not a "thing" -- it's just a name of a network, and for most people it's not decentralized, as they connect to internet via their ISP, and even most of the traffic on the internet (if not 99.9%) go through centralized servers like google, netflix, amazon. P2P traffic is mostly the file sharing software used by pirates. |
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\
Or maybe you are not paying attention to the single, most obvious trend of the last 15 years -which is decentralization - in everything.
Like what? List all the things that were decentralized in last 15 years. I don't know any except crypto like BTC and file sharing software that is mostly used to pirate software and media |
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20 nodes are not visible from the outside,
What does that mean? Does Nem use UpNP? |
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Nxt AE redemption will end forever on 2/26; your nemstake assets will be worthless after that, so please redeem!!!
Is that a new rule now? Last time you said people can still cash nemstake after the launch. |
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Can I mint with 40-100 machines that will mint to one adress?
Why? It won't improve your chances to forge. |
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well how come if heard many times that multisig implementations are not cross compatible between one client and another? Il have to look into multisig more..
If they are not cross compatible how come they get confirmed by blockchain (miners)? There must be some core functionality that is same for it to work on entire bitcoin network. Maybe the problem is that you have to manually send/notify the transaction to other person? |
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can I make a multisig account with electrum, make you a signatory if you using mycileum, and make someone else a signatory who uses a different client?
Yes, you should be able to. Why won't it work? It's using same Secp256k1 spec. This is core bitcoin functionality. The multisig addresses starts with '3" (instead of '1') and it's same bitcoin protocol all clients use. |
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What was the big deal about multisig anyway?
Im not sure why the devs wanted to add this before launch, I would have been happy to wait for it to be added later but it is a good feature, but i should also mention that there are other coins currently already using it.
1) devs will be in control of a huge amount of coins and do not want to risk holding them in regular accounts.. 1 hack = devs lose credibility and nem dies. 2) other coins do have multisig, but not blockchain based multisig. there is a MASSIVE difference. 3) the more skeptical investors, or risk averse, will feel much safer investing in Nem knowing they can secure their investment safely with multisig. 4) 3rd parties(exchanges, payment processors et al) will be able to use multisig to secure funds so we wont have any mtgox, bter, bitstamp [and so] type hacks which make the coin stolen look bad even though its nothing to do with the actual coin(most of the time). also we wont ever end up in the position of nxt having to think about a roll back to recover 5% worth of coins that got stolen. having multisig ready for launch was the BEST move the devs could have made. While that is the ideal pov i do want to add some thing from my pov. @2) I maintain that NEM is NOT the only system with blockchain enforced multi-sig. BTCs multi-sig has to be enforced by the blockchain. It may be right that you have to prepare everything for that on the client side but the blockchain has to enforce it somehow otherwise there is no multi-sig. If I have multi-sig set up and the network still accepts tx without the co-signatories then noone would dare to say BTC has multi-sig because that would be a lie. NEMs implementation is infinitely more userfriendly though. @4) They have the possibility but I personally doubt that they will use it (eventhough they very much should). From my experience crypto-service providers have their one implementation and try to squeeze every new coin in there no matter what. Everything else is just to much of a hassle for many or even most. At least that's what I suspect. i get what your saying, but the difference between preparing multisig transactions client side and not being sent out on the network until all signatories have signed is much much different to sending out a partly signed transaction on the blockchain and then being signed by other co-signatories and if it is not signed it is returned.. thats what i mean by "blockchain based" vrs "client side".. and the result of this difference is that nems is infinitely more user friednly as you say and most likely more secure. of course all multisig transactions are at some point put on the blickchain to be confirmed, but its how that is done that makes such a big difference if i understand it correctly. I don't see much difference. You can create multisig address in BTC that starts with "3' and funds in that address can only be used if more than one person signs the transaction. Almost all bitcoin wallets support this feature https://www.youtube.com/watch?v=zIbUSaZBJgU |
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I am not the best to answer this, but I will give it a try. With Bitcoin, each service has their own multi-sig adaption; that they have to run extra software that they design themselves on top of the regular Bitcoin client. use NEM asset exchange webpage to make a multisig account. I can sign a transaction on my mobile app made by my friend, and somebody else can sign it on the desktop app made by the core devs, and so on.
I haven't used multisig fearure, but that's not what I see on google the following bitcoin clients are known to support multi-signature addresses: Bitcoin-qt Electrum Mycelium (Android app) Android Wallet (Android app) Airbitz (Android & iOS apps) BitcoinSpinner (Android app) Here is screen shot that shows very popular bitcoin wallet that I use (Electrum) supports multisig https://electrum.orain.org/wiki/Multisig_WalletsLooks to me BTC (and all it's clones) fully support multisig without third party support. Bitcoin-qt is the main bitcoin client |
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Because NXTe was in 23 guys hands.. who were taking care of not dumping or taking market down. node was in 1000 guys hands. See the difference dude? And also privately btc-e admins were telling people to buy nxt. see the difference again?
anyway now node is in a early stage.. instead of giving to 23 guys node devs gave fairly to about 1000 guys in stages from free to 1,5BTC each stake... many of them already sold.. we got rid of our dumpers and there is money flowing in. u keep fudding.. instead of joining what is good. I'm very curious to see what happen when nem finally launch. there is so many people willing to be millionaire there.. let's see.
This is all nonsense. Nxt was open IPO that remained open for two months. Anyone could join. In the end only, only 73 put money. That's not the fault of Nxt but back then IPO weren't common. Nxt was first. After the launch in Nov, Nxt was traded on BTT forum for two months (and prices were very low, 1 btc for million nxt). There was still plenty of time for people who missed the IPO to buy cheap, and some did. Nxt went up after it was added to BTER in January 2014. |
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I think that NEMs huge problem is that it wasn't launched in November before the current BTC slaughter and all ongoing ALT slaughter. I know, you might tell how NEM wasn't ready, multisig wasn't ready etc.. and I agree with this, but I think huge opportunity has been passed. Crypto is in a big slump and it will take time for it to get out of this slump. Problem with NEM is that will be launched in the midst of the crypto storm crisis.
It couldn't be launched in Nov as it wasn't ready in Nov. We still don't know when it will launch. Could be another six months of bug fixing. They said March. Who is "they"? No actual dev said March |
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I think that NEMs huge problem is that it wasn't launched in November before the current BTC slaughter and all ongoing ALT slaughter. I know, you might tell how NEM wasn't ready, multisig wasn't ready etc.. and I agree with this, but I think huge opportunity has been passed. Crypto is in a big slump and it will take time for it to get out of this slump. Problem with NEM is that will be launched in the midst of the crypto storm crisis.
It couldn't be launched in Nov as it wasn't ready in Nov. We still don't know when it will launch. Could be another six months of bug fixing. |
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Buy Price on Cryptsy is now 738 satoshi.
This is still lower than ipo prices |
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When are the next swaps?
Will do it this week Never got it. Looks like swap was scam too |
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For those who don't know the history, UP basically pulled together several developers out of Nxt (not Gimre, he hated Nxt from the beginning ) Gimre hated Nxt from beginning? Why then was he active writing Javascript code for Nxt? https://bitcointalk.org/index.php?topic=404321.20 |
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