Would it be possible to do the Following with these Scripts? Forgers, Stakholders or some other trusted entitys post regulary what they think the current USD value of NXT is to the Blockchain. The script Calculates somehow an average USD price. The Script now uses its own funds to Buy and Sell an NXT Asset called USD at that price. Which results in having an Asset USD that has a stable USD value without having a Counterparty Risks (at least as long as the Script has enough NXT to buy that USD Asset).
Autonomous pegging is it even possible? USD Asset price can be set extremely low...
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Is anybody running public NRS nodes?
Are there plans in the community to support a decent number of public nodes?
I'm asking since I plan to add client side Curve25519 enryption/signing, so that it would be save to send transactions to a public node and users don't have to run NRS themselves any longer. But to make this a common approach, we would need a number of always available public nodes.
https://wallet.nxtty.com:7875This public node has SSL cert. courtesy of the Nxt Mobile Applications Company.
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Can someone please send me some testnxt 14748752939103314660
thanks
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I'm with ya, I haven't been following the marketing committee progress... it was my understanding allocation is still a few weeks away? If the community wants to help fund it, fantastic. In the meantime, deadlines are approaching, we're calling out to Nxt supporters. Our group already dropped 10k Nxt, we're hoping others follow. Nikel should be coordinating swarm info tomorrow morning, I'm heading to bed... long night.
The next allocation should be on February 18th.....funds get transferred on the 18th of every month. Two days from now...pls check with Salsacz.
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Dear supporters, I want to talk with you about the future of Nxt.org. I'm working with Passion_ltc together to make this website the center for the whole Nxt ecosystem. We have many great ideas for the website, but before we start we need to talk about something inconvenient: the money. I paid 157,000 NXT and 6 BTC for the domain. A few guys maybe are thinking that this is far too much, but I don't think so. With Nxt.org we finally have a quality domain for a quality product, and if we consider that Nxt will be the future of money then the money was well spent! 2Kool4Skewl asked on nextcoin.org about acquiring the domain. And I'm pretty sure that someone said there was a bounty for this domain. So I want to ask you if someone knows more about the bounty. Maybe I could get a nice sum of the money back though this? Thank you very much! Greetings, BitVenturer I think the funding committee should reimburse you for the cost....but it should be a landing page with some basic latest news/info etc. Nxtclient.org should be a prominent link. Edit: lets not recreate the wheel but try to tie in together the various Nxt properties all over the internet.
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Pls send TextNxt 14748752939103314660
Thanks Lando
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After those clients came out, more and more guys begun to learn about Nxt. More and more real Nxt guys followed my weibo/twitter weibo.com/nxtpi , and one of the post was clicked more than 20K times and reposted by more than 25 guys. BTW, some MSC guys complained that they don't get a GUI client until now and also started to buy in Nxt. That's the difference from those average joe.
Thanks for posting.
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ok so for all of the gateways that want to federate create a multig address to hold the btc that acts as reserve for the FederatedBTCTokens. If bob issues 5 FederatedBTCTokens than he also deposits 5 btc in the multisig address. Lets say bob and betty are federated. The FederatedBTCToken that bob issued is claimed at betty's gateway. Betty signs the transaction and publishes her signed transaction on the NXT blockchain. Of course its a multisig account so 1 signature is not enough. Bob is monitoring the blockchain. He sees the signed transaction. He downloads the transaction from the blockchain, adds his signature, and then broadcasts the transaction.
bob feels safe because he knows betty can not steal his btc without his signature. the buyer feels safe because he knows the btc is in reserve and that if bob were to attempt to misbehave than betty would offer some protection against this. betty feels safe because she is not extending a line of credit to bob, there is 100% reserve in a shared address.
Do I have this right? I think its a great idea if i do.
It makes sense to me....it's a triad escrow....buyers are safe, betty is safe & bob is safe. It might not work for physical assets but for crypto's it could even be automated.
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Berlin conf
Perfect job. Thank you so much for your time and effort to bring Nxt to the next level. Good job Salsacz
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....and I, for one, welcome our new DGEX overlords.
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Guys thanks to Opticarrier who just had a marathon configure session to ssl cert our VPS which is now trusted. https://wallet.nxtty.com:7875/So the community can make use of our online wallet if they wish, courtesy of the Nxt Mobile Applications Company.
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The client war is heating up, we have Offspring, Solaris, Freerider, NXTExplorer, DotNXT & many more on the way. GREAT WORK PEOPLE
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Agreed. But don't you think we need to differentiate between fixed/dynamic assets?
There's no point, as all assets are issued and backed by some entity (human or a company). You either trust the issuing entity or you don't. Or you issue 1 billion units of the asset which is the maximum allowed in AE. If the max number of units have already been issued then the issuer cannot increase the number of units further.
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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.
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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.
My thoughts exactly.
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Interesting something similar to Freicoin.
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CfB
What happens when you issue the same asset a second time? Does it issue more of the same asset or replace the total amount of asset. Also, is the 1000NXT fee apply to only the first issue asset?
James
2nd tx is supposed to be rejected. Then how can you increase the total amount of Asset?? If someone had silver coins that he wanted to issue and he wanted to have them 100% backed, he could only issue the number of coins he had at the time he creates the Asset. OK, so now he gets more coins. Is he supposed to create Assset.2 and pay another 1000NXT? Why hasn't anybody complained about this? You could create 1 billion Units of Silver coin for 1000 nxt but only release X amount of coins into AE at a time.
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There is no way Nxt is going to catch dodge until basic things are rolled out.
(1) A light easy to use client (2) The native client ability to sign transaction and broadcast them to a public node so people don't have to download Java and run NRS
Without these two things, forget about anyone outside tech nerd using Nxt.
We have "huge" big projects but basic functionality is missing
It's coming. Well, the priorities are screwed up. Roll out local signing of transaction before AE As things stand, Nxt isn't even usable on a mobile device as you can't send money from a phone without sharing your password with untrusted third-party node. It seems the little things don't get as much attention as the headline grabbers but these little things do add up.
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doge needs marketing because it has no substance. we dont need marketing because we do have substance. granted we need to communicate the relevant facts about nxt in a calm and orderly fashion to those who are not aware of those facts. i suppose you could call that marketing. but this is what marketing means to doge, http://www.youtube.com/watch?v=H3oiThw2RxE this we absolutely do not need. Agreed their marketing "way" is different from ours but the simple task of educating people regarding Nxt existence is not. EDIT: I want to separate what is marketed & the marketing process itself. The effective use of the marketing process should allow you to grow any product/service whether it's coke, insurance, beer or coins.
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when a clone can compete with its parent with no conceivable advantage, this is very dangerous indeed for the idea of digital scarcity. this is very troubling. Dogecoin is far more popular than Peercoin, it's been pretty much determined to climb up. It does actually have great advantage: popularity. Basically Peercoin has no marketing...Nxt cannot suffer the same faith...we have to adopt Dogecoin marketing best practices.
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