However, I already know your tactics and nothing I say will matter to you. You are set to play the victim and will keep trying to pin it on "us".
Of course the blame is going to be pinned on the 'Nxt Posse'. Who else would care about a Nxt competitor? I don't see the Mastercoin folks or the Invictus folks up in arms with the NEX development.It's just the Nxt folks who are trembling in their boots. LOL, FC misses the point once again..... Are u sitting on the MSC forum trolling like a bitch, and then cloning every aspect of the Mastercoin project ? And if u did, how would MSC or Invictus respond? As usual, u only have yourself to blame. |
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Solar powered NXT node for conferences!Berlin conference first!  I want to support the next conferences with a RasPI completly solar powered in a nice box. - RasPI model B - Wlan USB Stick with preconfigured DHCP settings (just turn on wifi tethering on your mobile phone with SSID: NXT, PW: RasPI-NXT) - Solar panel on top of the box - 2x Li-Ion battery powerbank (up to 4x 18650 Li-Ion recharchable batterys each) (up to 27'200mAh! It will be able to run NXT node up to 30 hours without Sun!) .....snip....If the community like it, I can send it to one of the Berlin conference people. Well, please resend to me when finished Todo: - testing odroid U3 + XU - measure power consumption of all parts, batteries and solar panel to optimice power usage for offgrid solar NXT nodes - make a list off all pars + weblinks to shops - howto - ... Greets, eb Nice work, ebereon. Putting a solar RaspPi NXT node on display at the conferences will give us a unique talking/selling point for NXT, so I think that we need to prioritise these as promo material. So, 3 points to begin with: Ebereon: can u put more of these together for both Berlin and Amsterdam canferences ? I have some conference experience and the chances of just one system surviving 2 conferences is minimal..... To everyone else: Is their a friendly whale who can finance Ebereon ? Or can he get some NXT from the promo fund for this? Can we start dedicated conference threads on another forum, just to give us a central point for the prep work ? Heres Amsterdam: https://nextcoin.org/index.php/topic,2277.0.htmlLast thought for the moment on conferences.....we need some large(ish) infographics/pretty pictures for a table display, at least A3 sized, preferably larger, fairly solid and freestanding, so ideas for that will be welcome. On other topics: this has to be a record amount of time between comments in this thread
An hour ? Bloody hell, thats almost dead..... So, because Utopian is a Nxt support, it's okay for him to create a clone?
It's OK to clone even for u as long as u don't try to scam ppl. +1, Beyonce shoots, he scores.... |
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Finished upgrades to 5.11, read bloody thread up to here, going to bed.
Old fashioned blockchain check:
54388 3167098051496568638 vrijdag 31 januari 2014 3:03:28
1 120 + 1 128 B
2 8260620952068794082 952 %
nighty night, y'all
@TwinWinNerD: sig idea below, needs hyperlink to......?
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Texas Bitcoin Conference - Austin Strategy DiscussionHere's the numbers for upcoming expenses on the TBC: We are down to 1NXT = $0.06. My expenses (jet, car, hotel) are $600 = 10K NXT. I will cover these travel expenses personally so I am effectively offering the equivalent of a 10K NXT bounty for TBC that I am paying myself. If anybody wants to be my wingman, PM me. As I mentioned before, I am booked at America's Best Value Inn at Buda, TX ( http://www.abvibudatx.com/ ) on Tues (March 4) and Wed (March 5) nights. I have a car reserved and we can carpool. I'll arrive at the airport at 3:55 PM local time on Tues (March 4). My flight out is Thurs (March 6) night at 7:10 PM. I am going for BBQ Tues night at Taylor, TX, and I would love to meet Austin area NXTers. Especially Russian ones. Apparently I am tentatively a speaker, and they get free entrance tickets. Let's hope I stay a speaker, otherwise I may ask for reimbursement on that...tickets are expensive. Entrance tickets of Texas are $275 each thru Jan 31, $325 each thru Feb, and $350 at the door. If we send two people besides me, their entrance tickets alone will be $700 = 12K NXT. They have changed what they are offering for exhibit tables. They have dropped the 2X2 floor slot. Now you get a full 7 foot table all to yourself for $4000, or half a table shared with another exhibitor for $2500. Either one gets you two entrance tickets plus 20% off on up to 5 more. The half-table with two passes is $2500 = 42,000 NXT, so the half-table is effectively 30K NXT more than the two passes alone. So, questions to ask: are there two more people coming besides me, and if so, is it worth 30K NXT more to get a (half) table for us to stand behind for two days? So at the moment I am going to TBC and will not cost the NXT community anything. I will do my best. I want lots and lots of swag / brochures to hand out, but I'll wait to see what gets done for Berlin and leverage off that for a starting point. What else happens at TBC is up to the NXT community. The basic numbers are given above. You guys talk (if you want) about what else / who else you want to go to TBC, how much it will cost in NXT, and whether that will be worth it to the community. I'm on the launch pad for TBC gratis, and have had my say. +10, support ricky, guys.How are u doing on the promo material side? ie :Table display, cards, clothing, buttons/badges, giveaways, RaspPi in solar mode? U got any help/designs/commitments for all of that? And the Berlin posse also need to get moving on all of this, we don't want to rush in the door at the last moment this time. BTW, Amsterdam March is definitely dead as far as I am concerned. but May seems to be a go. Edit: take the half-table. Preferably in the sun.... |
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actually it would be stupid if someone outside of Nxt community wanted to create fork of Nxt, because he has no experience etc
So, anyone inside of the Nxt community is allowed to create a fork of Nxt? FC: almost missed u, my sweet! I'm too lazy for a full-on fight tonight, so here are my thoughts on NXT cloning: It's open source. Open. We are supposedly offering economic "freedom from tyranny" here in the world of crypto, so we need to stick to the ideals of open source. So, even tho' it might make some people very unhappy, even the FCs of this world can clone NXT and do with that clone what they will. Stealing promo material and non-open source concepts is , however, out of order, eh FC? We've all seen the FCs been very bloody annoying, but he's doing it out of butthurt, jealousy and greed, and it looks like he's losing. Because we have a bloody good product in NXT, with a superb community, we need to have faith that NXT can win on it's own merits and not need to hide behind the skirts of the law like a little kid. Tl:DR Open source, remember ? So, open for everyone, even Carloses. |
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Very quick question, çoz I just got home to find both my home NRS node and me VPS being completely mad:
Is/has something wierd been happening on the client/blockchain front, and do I need to upgrade to 5.11 ?
Some people have reported splits since the new client was released. Put me down as reporting that both my 5.10 nodes (home & VPS) seem to have split off into madville. Constant blockchain re-scans, looks stable for 5 minutes, then the blocks start running back and the unconfirmed tx go to the moon. Refeshing NRS in-browser makes no diff, restoring blockchain backups also only good for 5 minutes. Bollocks, looks like I'm going to be upgrading for a while. I hate everyone.........  |
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Very quick question, çoz I just got home to find both my home NRS node and me VPS being completely mad:
Is/has something wierd been happening on the client/blockchain front, and do I need to upgrade to 5.11 ?
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I don't think they realize it is a flaw.
It is the same with the private key that they are sending out for all accounts. They don't think it is a flaw.
The inside joke though is that you can mine NXT with GPU farms, cracking secret phrases and rewriting transactions.
Quoted. Not the first time we've seen this from the FCs.... Hmmm... for just a moment... I had an idea for a Nxt hacking toolkit. It works like this: It scans the block chain for active Nxt accounts with balances. Then it uses hashcat (see: http://hashcat.net/oclhashcat/#features-algos ) to crack the secret phrases. Any match with any of the existing Nxt public addresses essentially cracks the account. The account then is silently drained of its holdings. I wonder how much people who pay for such a toolkit? U should do it. |
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Frictionlesscoin vs EvilDave:
Hey Dave, why are you still bothering with this guy? and seriouslyWhy do you need to show everybody here that you are doing it? That looks like it is this thread that asks for it. Just let him be, why do you need to annoy him. Do something better, i'm sure you can mate  He's threatened myself and others in the NXT community with legal action for little more than asking questions. He's also gone public with his desire to destroy NXT. This isn't about me grandstanding, he's had a long, long history of trolling NXT and I've just had enough of him. And, yeah, there are better things I could do with my time.... |
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INTERESTED. I hereby pledge one NXT to be exchanged for 50 nex.
Hey, I am now a corporate investor in the nex project from Code Audit.com. Yay!
TL:DR Exchanging a vritual currency like Nxt for another virtual currency like NEX does not mean you are an investor in CodeAudit Corp. Sorry, I was under the impression that u were looking for investors for your nex project.If CodeAudit Corp sold you a virtual coin, say a DOGE coin, it does not mean that you are an investor in the company. Now this notion that you are in the Neatherlands and can't be sued for defamation. Let me check the lawyers about that. Never said u couldn't, said it would be difficult. and its Netherlands, btw
Besides, why would a private company send any information to an individual who is anonymous? Didn't ask you to send me information, asked u to post your corporate information on this forum for everyone to see before they invest......or whatever in the nex project from CodeAudit.com.In fact, why is everyone in the Nxt community, anonymous? Italic replies are mine. Once again I want to suggest to the FCs that they actually attempt to read my post. I know it haz lotz of wordz, but it shouldn't take all that long. Probably wouldn't hurt the FCs to read their own posts as well. |
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Thanks, dexter, useful information. Luckily for me, (and others) corporate defamation is a civil offence, so not actually extraditable. |
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FrictionlessCoin, solracx, Carlos Perez and the CodeAudit.com corporation of Delaware, come on down!
(I'll refer to you collectively as "the FCs" for much of this post)
This posting is my reply to your threat of legal action against myself and others, accusing us of defamation of a corporation.
TL; DR; So you are saying that you are in the Neatherlands and remain completely anonymous and therefore a claim cannot be made against you for financial damages? Now you are now moving in very dangerous territory here by hinting about accusing the corporation of wire fraud. Do you want to go there? Is that what you are saying? If so, I will turn on the ignore button again. Thank you for your interest. FCs: U need to actually read the entire thread posting. I've pointed out to you that your own behaviour has opened u up to serious charges, and I have also stated that I have no current intention to use this information against u. U must have noticed by now that I took the precaution of quoting, in full, the front pages of all of your threads before I posted my legal rebuttal. So, if u, for example quickly edit the front pages to include a corporate disclaimer, the original front pages are preserved. The time stamps will bear out that u edited these pages after my post. We are dealing with very simple legal concepts here, so I suggest that u request some copies of these threads, with edit/change logs, from the admins of BTT and take them to a real lawyer. |
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FrictionlessCoin, solracx, Carlos Perez and the CodeAudit.com corporation of Delaware, come on down! (I'll refer to you collectively as "the FCs" for much of this post) This posting is my reply to your threat of legal action against myself and others, accusing us of defamation of a corporation, ie CodeAudit.com, and of it's president/CEO/owner/whatever Mr. Carlos Perez. I don´t have a hell of a lot of time to deal with this, so I´m going to skip the usual sarcasm and comedy and simply deal with the legal facts as they apply to both CodeAudit.coms corporate activities and the activities of myself (and other) private individuals in connection with our criticisms of CodeAudit.com. For those of you who have no idea what is going on: Read the following threads: https://bitcointalk.org/index.php?topic=424724.0 (replies here, please) https://bitcointalk.org/index.php?topic=422052.0 (this one) https://bitcointalk.org/index.php?topic=429399.0 the tl:dr version is: Myself and others criticise the FCs activities in connection with NXT and nex, the FCs suddenly claim to be a corporation in order to be able to file a suit of corporate defamation against us in order to make us shut the fuck up. Heres the moment the FCs first publicly claimed to be a corporation:507,000 NXT STOLEN
Quoted for fun. So it is clear, CodeAudit is a for-profit corporation incorporated in the state of Delaware.
FrictionlessCoin will be the brand for products that will create all kinds of crypto-currency software for sale.
One of these products may be a Nxt clone that we may offer for sale to the public.
Carlos Perez is a shareholder in CodeAudit Corp. "FrictionlessCoin" in this forum relates to the actions of the corporation. "solracx" in this forum relates to the actions of the person.
So it is even clearer to you, ZenithCoin is owned and by Carlos Perez. FrictionlessCoin created ZenithCoin.
FrictionlessCoin also is the lead developer for iXcoin and makes its software contributions for free for iXcoin.
FrictionlessCoin has other projects in the pipeline regarding crypto-currencies.
In short, if FrictionlessCoin decides that selling a Nxt clone has financial potential, then it is clearly within the laws of the United States of America and the State of Delaware to provide such software.
ROFLMAO.....that has got to be the sneakiest about-turn the FCs have ever tried to pull off. I cant express how much LOL i'm doing right now. I've watched FrictionlessCoin and solracx have an honest to god conversation with each other on this forum, and now it turns out that Carlos The Human was actually talking to Carlos The Corporation. Quoted to show FrictionlessCoin's insanity
There, fixed that for ya!
You might think your edit to be amusing. However you are falsely accusing a company of a crime. Jack Needles, given that you are making a serious accusation could you please provide us with your identity? We are a legitimate business and your persistent wrongful accusations may require us to file damages against you. 507,000 NXT RESERVED STOLEN
see other thread for more reservations
There, fixed that for ya! LOL'd lots. Poor old FCs.......... EvilDave, if you do not want to provide us with your identity, then please do not post false accusations. We are a legitimate business and your persistent wrongful accusations may require us to file damages against you. , which I think the FCs should have done first.... Point number one: legal action by the FCs against myself and others.The FCs had a good point, unfair criticism of a corporation can lead to justifiable legal action. But: the FCs did not declare themselves to be a corporate entity for quite some time, so any criticism of the FCs from before that moment is inadmissible for the FCs in any defamation case. However, as a defendant and a private individual , I can bring all of this thread (and other relevant threads) into my defence and any further counter-suit that I feel like bringing against the FCs for malicious prosecution. So the FCs havent got a snowballs chance in Hell of winning a defamation suit, given that the only evidence is this thread and others. He does have a real chance of losing a counter-suit for malicious prosecution, though. My last 3 points on the FCs defamation suit: Defamation of a corporation is a civil matter, and therefore non-extraditable, even between different US states. So, unless u are a critic of the FCs and live in Maryland or Delaware, u can simply cross those states off your list of places to visit and stick your fingers up at the FCS. I live in the Netherlands, so I completely can't be extradited for civil charges. <sticks finger up at FCS> And who knew that the US of A was so keen on free speech for the individual ? And all those rights as a private individual that simply don't apply to corporations. For example: disclosure of corporate information vs private information.If someone were to post the FCs private address details, that would be wrong, but as the FCs are now a corporation, all of the details of that corporation can be freely published, because they are a matter of public record. But that doesnt really matter, because the FCs have created a much bigger problem for themselves:
Now we come to the fun bit, at least for me. Not so funny for the FCs, I think, or their investors. Corporations are governed by much stricter legal requirements than private individuals. As a private individual I can start up a crypto-currency and ask freely for investments. No problem at all.....if it goes to shit, there is very little investors can do about it. If a corporation actively recruits investors, but does not disclose to these investors that they are investing in a corporate project, then the corporation and its officers can be prosecuted for obtaining funds under false pretences. This is actually a proper criminal offence and can get you something in the region of 5-15 years state prison time. Just to throw some more on top, because the investors where recruited via the internet, the Federal authorities can treat it as a form of wire fraud, which gets u another 5-15 years in a real "fuck u in the ass" federal penitentiary. In case no-one noticed, the FC's have never stated that nex was a corporate project until last Saturday......ooops!! And do all of their previous projects now qualify as corporate projects.......? All it will take is one person with an issue with the FCs to step up to the Federal authorities with a complaint against them and they are in deep shit. All because they couldn't handle some criticism, and decided to pull a sneaky trick to shut some annoying people up. Genius move , FCs, gotta admire your brilliance.(as a note: I'm not gonna press charges against them, unless they get really stupid. Somebody else might, tho') And here is a sneaky manouver from me: INTERESTED. I hereby pledge one NXT to be exchanged for 50 nex. Hey, I am now a corporate investor in the nex project from Code Audit.com. Yay! As an investor, I hereby request that CodeAudit.com posts: Copies of its incorporation papers. A comprehensive list of it's past, current and future activites. A comprehensive list of it's officers, executives and employees. And copies of its filed yearly tax returns, accounts and yearly reports for the last 5 years. Within 72 hours would be nice, Google Doc links are acceptable. So, FCs, the ball is in your court, have fun!TL:DR version: FCs have no chance in defamation case, open themselves up to Federal fraud charges. EvilDave demands copies of every piece of paper CodeAudit.com has ever filed. If the FCs have threatened you with legal action, don't worry unless u live in Maryland or Delaware.
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FrictionlessCoin, solracx, Carlos Perez and the CodeAudit.com corporation of Delaware, come on down! (I'll refer to you collectively as "the FCs" for much of this post) This posting is my reply to your threat of legal action against myself and others, accusing us of defamation of a corporation, ie CodeAudit.com, and of it's president/CEO/owner/whatever Mr. Carlos Perez. I don´t have a hell of a lot of time to deal with this, so I´m going to skip the usual sarcasm and comedy and simply deal with the legal facts as they apply to both CodeAudit.coms corporate activities and the activities of myself (and other) private individuals in connection with our criticisms of CodeAudit.com. For those of you who have no idea what is going on: Read the following threads: https://bitcointalk.org/index.php?topic=424724.0 (this one) https://bitcointalk.org/index.php?topic=422052.0https://bitcointalk.org/index.php?topic=429399.0the tl:dr version is: Myself and others criticise the FCs activities in connection with NXT and nex, the FCs suddenly claim to be a corporation in order to be able to file a suit of corporate defamation against us in order to make us shut the fuck up. Heres the moment the FCs first publicly claimed to be a corporation:507,000 NXT STOLEN
Quoted for fun. So it is clear, CodeAudit is a for-profit corporation incorporated in the state of Delaware.
FrictionlessCoin will be the brand for products that will create all kinds of crypto-currency software for sale.
One of these products may be a Nxt clone that we may offer for sale to the public.
Carlos Perez is a shareholder in CodeAudit Corp. "FrictionlessCoin" in this forum relates to the actions of the corporation. "solracx" in this forum relates to the actions of the person.
So it is even clearer to you, ZenithCoin is owned and by Carlos Perez. FrictionlessCoin created ZenithCoin.
FrictionlessCoin also is the lead developer for iXcoin and makes its software contributions for free for iXcoin.
FrictionlessCoin has other projects in the pipeline regarding crypto-currencies.
In short, if FrictionlessCoin decides that selling a Nxt clone has financial potential, then it is clearly within the laws of the United States of America and the State of Delaware to provide such software.
ROFLMAO.....that has got to be the sneakiest about-turn the FCs have ever tried to pull off. I cant express how much LOL i'm doing right now. I've watched FrictionlessCoin and solracx have an honest to god conversation with each other on this forum, and now it turns out that Carlos The Human was actually talking to Carlos The Corporation. Quoted to show FrictionlessCoin's insanity
There, fixed that for ya!
You might think your edit to be amusing. However you are falsely accusing a company of a crime. Jack Needles, given that you are making a serious accusation could you please provide us with your identity? We are a legitimate business and your persistent wrongful accusations may require us to file damages against you. 507,000 NXT RESERVED STOLEN
see other thread for more reservations
There, fixed that for ya! LOL'd lots. Poor old FCs.......... EvilDave, if you do not want to provide us with your identity, then please do not post false accusations. We are a legitimate business and your persistent wrongful accusations may require us to file damages against you. , which I think the FCs should have done first.... Point number one: legal action by the FCs against myself and others.The FCs had a good point, unfair criticism of a corporation can lead to justifiable legal action. But: the FCs did not declare themselves to be a corporate entity for quite some time, so any criticism of the FCs from before that moment is inadmissible for the FCs in any defamation case. However, as a defendant and a private individual , I can bring all of this thread (and other relevant threads) into my defence and any further counter-suit that I feel like bringing against the FCs for malicious prosecution. So the FCs havent got a snowballs chance in Hell of winning a defamation suit, given that the only evidence is this thread and others. He does have a real chance of losing a counter-suit for malicious prosecution, though. My last 3 points on the FCs defamation suit: Defamation of a corporation is a civil matter, and therefore non-extraditable, even between different US states. So, unless u are a critic of the FCs and live in Maryland or Delaware, u can simply cross those states off your list of places to visit and stick your fingers up at the FCS. I live in the Netherlands, so I completely can't be extradited for civil charges. <sticks finger up at FCS> And who knew that the US of A was so keen on free speech for the individual ? And all those rights as a private individual that simply don't apply to corporations. For example: disclosure of corporate information vs private information.If someone were to post the FCs private address details, that would be wrong, but as the FCs are now a corporation, all of the details of that corporation can be freely published, because they are a matter of public record. But that doesnt really matter, because the FCs have created a much bigger problem for themselves:
Now we come to the fun bit, at least for me. Not so funny for the FCs, I think, or their investors. Corporations are governed by much stricter legal requirements than private individuals. As a private individual I can start up a crypto-currency and ask freely for investments. No problem at all.....if it goes to shit, there is very little investors can do about it. If a corporation actively recruits investors, but does not disclose to these investors that they are investing in a corporate project, then the corporation and its officers can be prosecuted for obtaining funds under false pretences. This is actually a proper criminal offence and can get you something in the region of 5-15 years state prison time. Just to throw some more on top, because the investors where recruited via the internet, the Federal authorities can treat it as a form of wire fraud, which gets u another 5-15 years in a real "fuck u in the ass" federal penitentiary. In case no-one noticed, the FC's have never stated that nex was a corporate project until last Saturday......ooops!! And do all of their previous projects now qualify as corporate projects.......? All it will take is one person with an issue with the FCs to step up to the Federal authorities with a complaint against them and they are in deep shit. All because they couldn't handle some criticism, and decided to pull a sneaky trick to shut some annoying people up. Genius move , FCs, gotta admire your brilliance.(as a note: I'm not gonna press charges against them, unless they get really stupid. Somebody else might, tho') And here is a sneaky manouver from me: INTERESTED. I hereby pledge one NXT to be exchanged for 50 nex. Hey, I am now a corporate investor in the nex project from Code Audit.com. Yay! As an investor, I hereby request that CodeAudit.com posts: Copies of its incorporation papers. A comprehensive list of it's past, current and future activites. A comprehensive list of it's officers, executives and employees. And copies of its filed yearly tax returns, accounts and yearly reports for the last 5 years. Within 72 hours would be nice, Google Doc links are acceptable. So, FCs, the ball is in your court, have fun!TL:DR version: FCs have no chance in defamation case, open themselves up to Federal fraud charges. EvilDave demands copies of every piece of paper CodeAudit.com has ever filed. If the FCs have threatened you with legal action, don't worry unless u live in Maryland or Delaware.
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NEX (Nexus is an EXchange) Coin NEX distribution to be fair to all will be merit based. You automatically get a percentage of NEX if you show interest. You get a percentage every time you contribute to NEX. For the Nxt users who feel disenfranchised, we will allocate 5% of NEX that they can purchase in exchange for NXT. We will offer a steep discount of 1 NXT for 50 NEX. 5% of NEX is 50 million coins, this is a hard limit. Nxt Coin holders are limited to 500,000 NEX per user. The offer ends when NEX is distributed or the 5% is exhausted. Nxt owners... this is your opportunity to become an early adopter. Please post here to signify your interest in performing the exchange. We will not take any Nxt until the day when NEX will be distributed.Please include the amount of Nxt you want to exchange. We will only accept 1 million Nxt. This is a hard limit. This offer is open now and will close when 1 million Nxt is reached. We reserve the right to cancel any request. PROPOSAL: Implementation of the following PROOF OF BURN: https://bitcointalk.org/index.php?topic=422309.0;topicseen FOR NEX Level 1 (LV1) coins are the name of the currency that will be distributed via the pre launch fundraiser. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional LV1 coin per week for every 1,000 LV1 coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 LV1 coins, you will receive roughly 50 LV1 coins, or 5% per annum. Doesn't seem like much? Keep reading.
Level 2 (LV2) coins can only be obtained by burning Level 1 coins. For every 1,000 LV1 coins that are burned you will receive one LV2 coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each LV2 coin will generate five LV1 coins per week. In one year of holding one single LV2 coin, you will receive roughly 250 LV1 coins. This equates to an increase of 25% per annum. Much better isn't it?
This cycle is revolutionary in the sense that someone holding LV2 coins will generate coins at a fast rate and cause inflation, yet to get LV2 coins they would need to burn LV1 coins and that would cause deflation. In every case of inflation, there is a stronger deflation to counteract it. This may very well be the first currency, both fiat and crypto, that has a built in mechanism to eliminate inflation on a very large scale. The cherry on top is that this deflation is instant, whereas inflation is dragged out over a long period of time. Let me give you an example:
Assuming a constant demand, a typical Proof of Work or Proof of Stake coin will lose a vast amount of value as the supply of coins on the market increases. A Proof of Burn coin on it's own will forever be attached to a Proof of Work or Proof of Stake coin and by association will also lose value over time, again noting that this assumes a constant demand. Levelcoin on the other hand has evolved to use a combination of the best features of Proof of Stake and Proof of Burn. This has lead to a system that is highly resistant to inflation and may in fact have the opposite effect. Assuming a constant demand, the value of Levelcoin will likely increase as more and more people burn their LV1 coins, causing supply to dwindle.
Nothing like this has been tried before and should the system work as planned, any founder will see an enormous return on investment. There is very little incentive for users to "pump and dump" or to flip in and out. This coin caters more towards loyalists, and considering that there will not be botnets nor ASCI's to deal with, everyone will have an equal opportunity to take part. The system is built around simplicity. Have you noticed how all new self proclaimed "next generation" currencies are getting more and more complex, both in their algorithm and distribution methods? There is no need for that, and Levelcoin aims to prove that. Google had the right idea by creating a simple search engine, and look where that got them!
Those who have faith in the currency and are in it for the long haul will reap enormous benefits from burning their LV1 coins to obtain LV2 coins and then selling the LV1 coins obtained via interest on an exchange that will likely be proprietary. Or they could choose to burn those new coins and compound their interest while at the same time creating scarcity for LV1 coins. The choice is yours. There will always be demand due to the fact that LV2 coins can not be obtained in any way other than by the purchase and burning of LV1 coins.
In summary, this looks like an excellent idea. Pre-launch NEX coins will be LV1 coins and new coins will be LV2 coins. This proof of burn functionality is superior to the 'forging' feature of Nxt. The best way to think about this is to make the analogy between banks and enterprises. Actually, I should rename the LV1 and LV2 coin, "NEX Invest Coin" and "NEX Enterprise Coin" . With the NEX Invest Coin you get 5% interest. You never lose your principal. With NEX Enterprise Coin you consume NEX Bank Coin but in the process you stand to gain 25% of what you gain. It is actually a quite excellent and simple system. Here is a rephrase of the original description: NEX Invest Coin (NIC) coins are the name of the currency that will be distributed initially. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional NIC coin per week for every 1,000 NIC coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 NIC coins, you will receive roughly 50 NIC coins, or 5% per annum. NEX Enterprise Coin (NEC) coins can only be obtained by burning NIC coins. For every 1,000 NIC coins that are burned you will receive one NEC coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each NEC coin will generate five NIC coins per week. In one year of holding one single NEC coin, you will receive roughly NIC LV1 coins. This equates to an increase of 25% per annum. Note: The only coin that is tradeable is NIC... so NIC is synonymous with NEX (the NEX currency symbol) 5000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 7500 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 408,000 total <-- 40% of Limit Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included Appears to be around 100,000 NXT commitments per day. This will likely close in 7 days. So don't forget to make your reservation. *whistles innocently....* |
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NEX (Nexus is an EXchange ) Coin nex·us ˈneksəs noun noun: nexus; plural noun: nexus; plural noun: nexuses 1. a connection or series of connections linking two or more things. "the nexus between industry and political power" Here is a reference to the developer's previous work: http://cryptosource.org/ixcoin-a-very-old-bitcoin-clone-ready-to-skyrocket/Open, Free and Fair Trade For All!"One of the reasons NEX is groundbreaking is because it gives the economy back to the people and re-establishes them as their own sovereigns over their destiny. An economy is an expression of a political ideology. Do not mistake us as just another cryptocurrency. We are a movement."  Funding for this project may be listed instead on CryptoStockshttps://cryptostocks.com/This will make it more legitmate. FeaturesDecentralized crypto-currency Secure messaging (see: Bitmessage) Decentralized name registration (see: Namecoin) User defined assets (see: Colored Coins) FailSafe accounts (see: NetCoin) Decentralized asset swap. Multi-signature support Micro-transactions BIP-70 merchant payment protocol Escrow Distribute Authorization Service Voting Reputation Management Smart Contracts Short term goals. Remove the primitive addressing scheme and use a scheme that looks like Bitcoin. Bitcoin addresses are more readable, have a checksum and have many tools to generate them. Nxt addresses that are all numerical are something that came out of the 1950's. Secure Wallet. Nxt wallet is fundamentally insecure. Exposing a wallet to the public internet for everyone to hack is just idiotic. No wonder so many Nxt users have lost money! Nxt does not use an internal database like every other alt coin. This is idiotic because NXT nodes easily fail and run out of memory. Furthermore, if you accidentally turn off your node... your wallet can get corrupted! NEX strives not only to be a fairer distributed Nxt variant, but a technologically super version. Join the enterprise... participate with your coding skills!!! We will not ship non-ready code like the Nxt. We will ship product that will secure our users coins!----------------------------------------- NEX :: Industrial Strength Nxt - NEX (i.e. Nexus is an Exchange ) Complete Fair Distribution - Zero Cost Buy In!NEX uses brand new software. It’s not a fork of Bitcoin's source code. It is not a fork of the terrible Nxt code. It is an entirely new implementation NEX is the first TRUELY SECURE 100% Proof-of-Stake (PoS) currency. NEX improves different features of Bitcoin, removes some disadvantages (e.g. bloated blockchain) and resolves a big environmental issue. Time between blocks is one minute. This increases the rate of orphaned blocks, but makes it more convenient for the users. NEX improves on Nxt by providing the following enhancements:Block Chain stored in database. Unlike Nxt, NEX does not fail due to out of memory errors.
Secure Wallet. Unlike Nxt, NEX does not expose the wallet to the open internet.
Bitcoin like Addresses. Unlike Nxt, NEX adds checksums to addresses so some random number can't be confused as being a NEX address.
Multi Precision arithmetic. Unlike Nxt, NEX allows up to 8 decimal places.
Please leave a message here if you want a part of the 1 Billion coins that will be issued!There is no cost to acquire coins, only your interest would suffice!Development thread and forum can be found here:https://bitcointalk.org/index.php?topic=398461.0      dum de dum dum dum... |
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NEX (Nexus is an EXchange)NEX distribution to be fair to all will be merit based. You automatically get a percentage of NEX if you show interest. You get a percentage every time you contribute to NEX. For the Nxt users who feel disenfranchised, we will allocate 5% of NEX that they can purchase in exchange for NXT. We will offer a steep discount of 1 NXT for 50 NEX. 5% of NEX is 50 million coins, this is a hard limit. Nxt Coin holders are limited to 500,000 NEX per user. The offer ends when NEX is distributed or the 5% is exhausted. Nxt owners... this is your opportunity to become an early adopter. Please post here to signify your interest in performing the exchange. We will not take any Nxt until the day when NEX will be distributed.Please include the amount of Nxt you want to exchange. We will only accept 1 million Nxt. This is a hard limit. This offer is open now and will close when 1 million Nxt is reached. We reserve the right to cancel any request. PROPOSAL: Implementation of the following PROOF OF BURN: https://bitcointalk.org/index.php?topic=422309.0;topicseen FOR NEX Level 1 (LV1) coins are the name of the currency that will be distributed via the pre launch fundraiser. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional LV1 coin per week for every 1,000 LV1 coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 LV1 coins, you will receive roughly 50 LV1 coins, or 5% per annum. Doesn't seem like much? Keep reading.
Level 2 (LV2) coins can only be obtained by burning Level 1 coins. For every 1,000 LV1 coins that are burned you will receive one LV2 coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each LV2 coin will generate five LV1 coins per week. In one year of holding one single LV2 coin, you will receive roughly 250 LV1 coins. This equates to an increase of 25% per annum. Much better isn't it?
This cycle is revolutionary in the sense that someone holding LV2 coins will generate coins at a fast rate and cause inflation, yet to get LV2 coins they would need to burn LV1 coins and that would cause deflation. In every case of inflation, there is a stronger deflation to counteract it. This may very well be the first currency, both fiat and crypto, that has a built in mechanism to eliminate inflation on a very large scale. The cherry on top is that this deflation is instant, whereas inflation is dragged out over a long period of time. Let me give you an example:
Assuming a constant demand, a typical Proof of Work or Proof of Stake coin will lose a vast amount of value as the supply of coins on the market increases. A Proof of Burn coin on it's own will forever be attached to a Proof of Work or Proof of Stake coin and by association will also lose value over time, again noting that this assumes a constant demand. Levelcoin on the other hand has evolved to use a combination of the best features of Proof of Stake and Proof of Burn. This has lead to a system that is highly resistant to inflation and may in fact have the opposite effect. Assuming a constant demand, the value of Levelcoin will likely increase as more and more people burn their LV1 coins, causing supply to dwindle.
Nothing like this has been tried before and should the system work as planned, any founder will see an enormous return on investment. There is very little incentive for users to "pump and dump" or to flip in and out. This coin caters more towards loyalists, and considering that there will not be botnets nor ASCI's to deal with, everyone will have an equal opportunity to take part. The system is built around simplicity. Have you noticed how all new self proclaimed "next generation" currencies are getting more and more complex, both in their algorithm and distribution methods? There is no need for that, and Levelcoin aims to prove that. Google had the right idea by creating a simple search engine, and look where that got them!
Those who have faith in the currency and are in it for the long haul will reap enormous benefits from burning their LV1 coins to obtain LV2 coins and then selling the LV1 coins obtained via interest on an exchange that will likely be proprietary. Or they could choose to burn those new coins and compound their interest while at the same time creating scarcity for LV1 coins. The choice is yours. There will always be demand due to the fact that LV2 coins can not be obtained in any way other than by the purchase and burning of LV1 coins.
In summary, this looks like an excellent idea. Pre-launch NEX coins will be LV1 coins and new coins will be LV2 coins. This proof of burn functionality is superior to the 'forging' feature of Nxt. The best way to think about this is to make the analogy between banks and enterprises. Actually, I should rename the LV1 and LV2 coin, "NEX Invest Coin" and "NEX Enterprise Coin" . With the NEX Invest Coin you get 5% interest. You never lose your principal. With NEX Enterprise Coin you consume NEX Bank Coin but in the process you stand to gain 25% of what you gain. It is actually a quite excellent and simple system. Here is a rephrase of the original description: NEX Invest Coin (NIC) coins are the name of the currency that will be distributed initially. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional NIC coin per week for every 1,000 NIC coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 NIC coins, you will receive roughly 50 NIC coins, or 5% per annum. NEX Enterprise Coin (NEC) coins can only be obtained by burning NIC coins. For every 1,000 NIC coins that are burned you will receive one NEC coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each NEC coin will generate five NIC coins per week. In one year of holding one single NEC coin, you will receive roughly NIC LV1 coins. This equates to an increase of 25% per annum. Note: The only coin that is tradeable is NIC... so NIC is synonymous with NEX (the NEX currency symbol) 5000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 7500 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 408,000 total <-- 40% of Limit Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included Appears to be around 100,000 NXT commitments per day. This will likely close in 7 days. So don't forget to make your reservation. 475,000 NXT PLEDGEDsee other thread for more reservations https://bitcointalk.org/index.php?topic=429399 dum de dum.... |
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Hey, NXT crew ! Top o' the evening to ya...! @CfB..u still got your appendix....in you or in a jar? Good to have u back, bro, but don't work too hard. On the logo/colours issue: I like titanium and I like this turbine shape:  And I like stainless steel:  Just putting these up here as inspiration for designers. Pretty much every alt-coin logo is either gold or silver, titanium or stainless steel feels like a better fit with NXT for me. More industrial, to reflect NXTs many uses......not just money. Dropping back into stealth mode..... |
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Anyone seeing a block higher than 51000 ?
51004 6719982959416303457
0 0 + 0 0 B
2 7080119969660622374 241 % Matches with me: 51004 6719982959416303457 zondag 26 januari 2014 23:22:19 0 0 + 0 0 B 2 7080119969660622374 241 % Which client version, SOMA? |
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