What are "warehouse receipts"?
From: http://en.wikipedia.org/wiki/Warehouse_receipt - A warehouse receipt is a document that provides proof of ownership of commodities (e.g., bars of copper) that are stored in a warehouse, vault, or depository for safekeeping. And you said that they can return the physical silver bar to you at any time and receive a warehouse receipt. Does this mean that once they buy from you, they will own either physical silver or a warehouse receipt (a claim on silver) and you will not exchange that receipt or the silver for NXT (or any other virtual or fiat currency)? Edit: It's late and I need to sign off. I hope I have helped you. I think it's a very interesting asset, and one I might use myself. |
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many revisions later. tell me if you think this is getting closer. Each of these tokens is a warehouse receipt for one troy ounce of 999 fine silver payable to the bearer on demand. In order to receive physical silver bullion in exchange for a token the bearer must send to NXT address 6940620385974416496 an arbitrary message containing his/her mailing address and an amount of tokens greater than or equal to ten and divisible by ten. Both the tokens and the arbitrary message must be sent from the same NXT address. [Insert something in here about how and when you will send the bars to their address.] Bars in good shape and issued by me may be returned to me for full credit in warehouse receipts. - For more information visit http://radicalmoney.com/silvergateway - The act of purchasing an amount of this product shall constitute the expression of agreement to the terms and conditions expressed at http://radicalmoney.com/silvertermsI think that's clearer. What the potential purchaser needs to know is what to do in very clear steps, and what they are getting. |
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What are "warehouse receipts"?
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comments on my description Send an arbitrary message containing your real world physical address in addition to an amount of tokens greater than 10 and divisible by 10 to NXT address 6940620385974416496 in order to receive the corresponding amount of physical silver in the form 999 silver bars. Be sure to send both the message and the tokens from the same NXT address. Bars returned in good shape may be exchanged for full credit in warehouse receipts at any time. any way you think i could make it simpler or less confusing while still communicating the same information would be helpful. also i need to do everything i can to keep it brief so thats why so much information is packed so tightly. Here is my suggestion. Break it down into individual bites/steps like this: Send an arbitrary message containing these two pieces of data: Your real world physical address An amount of tokens greater than 10 and divisible by 10 Send the arbitrary message to: NXT address 6940620385974416496 Then you will receive: The corresponding amount of physical silver in the form 999 silver bars Be sure to send both the message and the tokens from the same NXT address. Bars returned (where? how? to whom?) in good shape may be exchanged for full credit in warehouse receipts at any time. thanks for the advise. I don't think I can do spaces. that's kind of scary that i have to put in a location for people to send to. its so permanent. what if i move ten years from now, what if the post office moves to a new location. i could put a url for details but what if i lose my domain name someday for unforeseen reasons. Don't worry about spaces. Just break up the block of text so that each step is discrete. As for your return address, you don't need to specify it now. You can just say "to me," or "to the asset issuer" or something so that it's clear what you mean by "return." Also, in place of "physical address" what about "physical (mailing) address" instead so that people understand that this is for their package delivery? |
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comments on my description Send an arbitrary message containing your real world physical address in addition to an amount of tokens greater than 10 and divisible by 10 to NXT address 6940620385974416496 in order to receive the corresponding amount of physical silver in the form 999 silver bars. Be sure to send both the message and the tokens from the same NXT address. Bars returned in good shape may be exchanged for full credit in warehouse receipts at any time. any way you think i could make it simpler or less confusing while still communicating the same information would be helpful. also i need to do everything i can to keep it brief so thats why so much information is packed so tightly. Here is my suggestion. Break it down into individual bites/steps like this: Send an arbitrary message containing these two pieces of data: Your real world physical address An amount of tokens greater than 10 and divisible by 10 Send the arbitrary message to: NXT address 6940620385974416496 Then you will receive: The corresponding amount of physical silver in the form 999 silver bars Be sure to send both the message and the tokens from the same NXT address. Bars returned (where? how? to whom?) in good shape may be exchanged for full credit in warehouse receipts at any time. |
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No trouble here. (Mac OSX chrome) |
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Now xcp'praces is up.  True, the price is going up. More importantly, I think, is the increase in volume. There have been many days in the past month where XCP trade volume is less than 10 BTC/day. Now we're up above 40 BTC/day for the last several days. People are taking notice. |
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Hello everyone. New to this community. Very interesting and innovative coin but several problems: I downloaded the wallet (for Windows). Simple enough but then not so simple because at one point of another I had to download another seemingly different wallet that took a long time to download the blockchain. Finally, I try to send some coins from Cryptsy and couldn't. After several hours, I gave up. I understand this is probably not a problem of the wallet, but I have never had any problem with Crypsty before so it is strange.
Anyway I have bought quite a sizable amount of coins today and plan on staying for a while, do the "forging" thing and try to understand the complex functioning of the coin and it's practical uses and purpose. At one point or another, I'd like to put some in my wallet if I can.
Meanwhile, it is quite surprising to me that NXT doesn't trade on MintPal being that it is the 6th cryptocurrency in market cap and that has a more than decent trading volume, so it'd be nice to start a campaign to get MintPal to include it. How about it?
What do you mean by "a long time to download the blockchain"? I just did a fresh install and downloaded the blockchain from scratch, and it took about 35 minutes. As for Cryptsy, the problem is on their end. I have been waiting for 3 days for them to send my coins to an address. After two tickets, they still have no answer for me. I think Nxt is a low priority for them. Bter, DGEX, and Poloniex have been trading Nxt for months now and things there are going quite well. MintPal said that their developers had trouble implementing Nxt, and so they gave up, despite the offer of help from Nxt developers. Someone on this thread (forgive me, I cannot recall who) suggested that MintPal may feel threatened by Nxt's upcoming trading platform, and did not want to offer any support to Nxt. Anyway, welcome to Nxt. I invite you to look around the "official" forum and see how many projects are under development. https://nxtforum.org/index.php |
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Relax. Want steady growth. I hate this.
I agree. I think now would be a good time for the super-whales to drop a few million on the exchanges, keep the price from shooting up too fast. This would kill 2 birds with one stone, making another quantum leap in improving distribution. I'm afraid this will become a fatal flaw. The people holding the coins aren't going to distribute them FYI. I hate to be negative because there are so many cool things happening with NXT, but I can't get over people still holding 5-10% of total coins. There should be a second official round of distribution where like 1000 people can receive coins and distribute them to everyone they know. Where would the coins come from? THIS IS THE PROBLEM WITH ALL THESE POS COINS. The developers of the coins can and do gift themselves massive percentages of the "money" and then act like they are being generous by handing out coins to others. To buy the coins where did the coins come from in the first plac? The guy just made them up and put them in his wallet them loaded them up to an exchange and then asked everyone to PAY HIM for his worthless virtual bits called NXT that he gifted himself. It's the greatest scam in history. This is the fundamental flaw with POS. You can still mine NXT at http://nxtpool.net/ so we can say NXT is a second generation POW coin if it makes you happier..  Nope because it doesn't change the problem that the Dev just instantly created ALL the coins like a GOD and gave them to himself and his entire business team and then convinced all you gullible yaps to pay him for his digital bits. Hopefully I will help 1 person not fall for this scam and every other POS scam coin that follows this one. The dilution is infinite with all these coins. You are thinking only like a speculator* and not like a user. Nxt does not pretend to be an asset to be hoarded and sold at some later date, like gold, but is rather a usable set of instructions and "languages" that can be used to create products and services of value. If some people hoard so that they can later sell at a higher price, then so be it. All of us will probably do some of that. But it only becomes valuable because developers and entrepreneurs leverage the software to create things that never before existed, things that people actually want. This is happening right now - take a look at the forum and see how many services are being created that that exist nowhere else in the world (at least not in just this way). *speculator: someone who knows the price of everything and the value of nothing. |
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Is anyone else having trouble withdrawing from Cryptsy? My withdrawal has been stuck for more than two days. They replied to one of my tickets and simply said that they are having trouble with Nxt withdrawals, but are working on it. Does anyone here have any more information?
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Sweeping your old funds
Setting up a new wallet and sweeping your existing funds into it is a very easy process. To get started, simply log into Counterwallet using your existing passphrase (without the “old “ prefix). Once in, click on the Import Funds button, and then choose From Old Wallet. Follow the instructions on that dialog, which will allow you to directly import all old wallet funds into the new wallet. Using your existing passphrase for this process is safe, and will enable the full 128 bits of entropy for your new wallet.
Note that if you do not have sufficient BTC balance to handle the fees to transfer the assets at a given address in your old wallet, the dialog will give you the chance to specify a private key to another address with the BTC to use for the fees.
Thanks for making the changes. I logged into/created the "new" account, but I don't see the Import Funds button, only the Create New Address button in the top right. Hmm, are you using a desktop browser (e.g. chrome or firefox?) I just tried with both, and it shows up on both...upper right part of the screen. Maybe try clearing your cache and logging in again. On Chrome on OSX. Clearing the cache worked. Interesting, though. Now this brand new account with a zero-balance has the notification about a pending BTC sale, and how I need to stay logged in to complete the transaction. |
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Sweeping your old funds
Setting up a new wallet and sweeping your existing funds into it is a very easy process. To get started, simply log into Counterwallet using your existing passphrase (without the “old “ prefix). Once in, click on the Import Funds button, and then choose From Old Wallet. Follow the instructions on that dialog, which will allow you to directly import all old wallet funds into the new wallet. Using your existing passphrase for this process is safe, and will enable the full 128 bits of entropy for your new wallet.
Note that if you do not have sufficient BTC balance to handle the fees to transfer the assets at a given address in your old wallet, the dialog will give you the chance to specify a private key to another address with the BTC to use for the fees.
Thanks for making the changes. I logged into/created the "new" account, but I don't see the Import Funds button, only the Create New Address button in the top right. |
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A lot of effort to get Anoncoins up and running. Just got the I2P network running and the Anoncoin wallet has been syncing for half an hour with probably another 45 mins to go!!!
I wonder if this puts people off joining this currency and if it hurts/helps it?
I'm using without I2P , syncing was half hour , without any problems with wallet for about 6 months since I have ANC. People will join sooner or later. For me personaly , high price is not the target, I just want to send my money/BTC/ANC without tracking. I have need for that because I want and like my privacy. So I'm waiting Zero in ANC, and I'm all in this coin. Untill now I'm invest 35% planed. ** Do you have BTC wallet, or if you don't, try sync that wallet, you can go on vacation and left computer ON.. I think the sync time is really just fine, especially, as srAGon925 [edit] points out, in comparison with Bitcoin. If ANC offers unique and solid anonymity, no one will mind the start-up/set-up issues. Think of the relative slowness of Tor, for example. |
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Hey, elgimpo, did you happen to ask Big Vern why Nxt withdrawals are stuck in "Pending"? Mine is stuck, and so are a number of others, according to some recent posts on this thread.
Nah, sorry sparta. The new withdrawal I created is also in pending status. I have read about NXT withdrawal delays at Cryptsy but they eventually seem to come though. I'm just glad mine are finally on their way to the right account... i hope. First and last time I make that mistake. Ok, thanks. Glad you got your mis-send fixed. |
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open a support ticket and let cryptsy stop the transaction asap !
Resolved. Phew! I had already submitted a support ticket but I also managed to catch Big Vern in the chat. Lucky for me I sent the coins to an unused account number and they were stuck in pending, so no transaction ID. Big Vern cancelled the transaction in time and coins were returned to cryptsy account. Thank you all very much for your help, much appreciated. now, off to buy more... Glad to hear a happy conclusion Maybe switch to Notepad++, it is a source code editor so it doesn't fiddle with the formatting etc. of what you put in there Hey, elgimpo, did you happen to ask Big Vern why Nxt withdrawals are stuck in "Pending"? Mine is stuck, and so are a number of others, according to some recent posts on this thread. |
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Not sure if this has already been answered but heres my question. I bought some nxt on bter and transferred it to my wallet, but still it says I am not forging. I thought having NXT in my wallet would allow me to forge? Also it says my effective nxt balance is zero but my unconfirmed balance is 7120
It sounds like you're new to Nxt, so here's a quick tip: Generate a public key for your account to improve your account's security. To do that, send some Nxt to another account; or register an alias; or send a message. All of these are outgoing transactions and will generate the public key. |
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I have to be honest - the question mark just reminds me of an information booth. And it may connote luck, chance, or confusion to some viewers.
I thought about some signal-to-noise image, but that's too abstract to capture, I think.
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definitely - after a disaster, crown should reset to one of the random locations in the central areas of the map. Crown battles are the best - if you get the crown, and you have to go to work - you need to miss work Ok, I also like this behaviour better. Will try to update my patch when I come around to it. (Currently, I'm working on optimising performance.) The time between each disasters is like an "Era" - do you think it should be called a Chron ? Chronon = 1 Block - http://en.wikipedia.org/wiki/ChrononChron = Each cycle (after Disaster) - i.e. we are now in Chron 1. I like this, too. Do disasters come at consistent, predictable intervals? Or is there a range? I wondered if it would be interesting to put the disasters on a schedule determined by real world events. For example, any earthquake greater than 7.0 would create a disaster in the game space. But this might have the effect of trivializing real world tragedies and suffering. |
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Help required..
I have purchased a bunch of nxt from Cryptsy.
I have withdrawn to an incorrect address and the withdrawal is stuck in pending. The address does not exist, its not owned by anyone else.
Is there anything I can do to get my coins?
Please help me!
Submit a ticket here. https://cryptsy.freshdesk.com/support/tickets/newEdit: Did you already approve the withdrawal through two-factor authentication (email, phone, or whatever)? |
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I am on OSX running the Nxt client through the Terminal. How do I properly shut it down so that it compresses the database? So far I've just been closing the Terminal window, but that's not ideal.
(I didn't see this addressed in the wiki, so I'm asking here.)
Is it control-C ? Same on windows Yep, it sure is. Thanks for the quick answer, Eadeqa! |
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