Joefox PM'd me and said he wants as many people to add to the Nxt Wiki as possible. So don't be shy! Calling all lurkers and non-programmers
The Glossary is looking very bare... only 5-6 items. So that is where I started  what do you think of these... ****** AESee Asset Exchange. Asset ExchangeAsset Exchange is the decentralised marketplace of Nxt. It is where any any asset, digital or physical, can be traded peer to peer without the need for a centralised third party. The Asset Exchange concept is often generally referred to as Coloured Coins in the cryptocurrency world. Coloured CoinsSee Asset Exchange. This is the Nxt implementation of coloured coins. ******* See http://wiki.nxtcrypto.org/wiki/GlossaryNone of the main acronyms are there TF, AT (others/). Phaser could be put in there. I think Chan3er did a detailed description of a transaction recently that was really good and shouldn't be lost in this thread. Who wants to help? You don't need to be able to programme, you just need to parrot what the smart guys say  and I can't do it on my own. Kodtycoon, are you in? Just do one entry a week, if we get 10 of us we could really make it comprehensive, and not just the glossary. Anyone else? Just PM Joefox and get yourself registered. |
|
|
|
So I'm thinking about how the AE will affect nxt. Right now, people buy nxt with btc on centralized exchanges. These exchanges each have basically 1 wallet, and the allocate the nxt amongst the traders' accounts. Withdrawals and deposits are the only things posted to the network.
So if AE or CCT becomes the easiest way to get nxt, what do we think will happen to the volume of transactions? Forging could get pretty lucrative in a hurry. I just have no way of estimating how much fees will increase. Does anybody have a SWAG (Scientific Wild-Ass Guess) of this increase?
What is CCT? |
|
|
|
People, how it is possible to trade in AE not with NXT?
This is a discussion about semantics. At the HEART, you CAN'T. But: - Litecoin can trade on AE via Nxt - Bitcoin can trade on AE via Nxt - therefore a service can calculate the cost of Litecoin in Bitcoin and trade them against one another. Nxt is invisible. Think more like a chess player If someone goes out his way to build apps on on top of nxt to do that, that will help nxt even more. Still it's a pipe dream that even if true will be months away. Nxt will be the primary currency. This is the point of James 'the destroyer' multisig gateways IRRC.  It was only weeks away not long ago but it may be on hold. Testing was carried using DOGE. Take cover James!  |
|
|
|
It is a black box to me then. Any way of finding out more about TF/Time Warp without looking at the code?
Both parts of BCNext's plan.
I thought you were going to say that.
Can you confirm "a bright cold day in April" will be the 4th April (as in the book I am lead to believe)?
Presumably at 1pm? GMT?Edit 1:
I remember you saying you are staying on (for a short period) after 3rd April as there was too much left to do. Presumably, the big launch day has been pushed back too.
You don't need to reply, I will take your silence as the above is accurate and also that you also plan to give me 1Million Nxt.
Edit 2:
Nevermind, move along... |
|
|
|
CfB, when you talked about the 'Time Warp' effect, is this related to/achieved by parallel chains?
It's related to TF. Less than 30 seconds! Crikey  It is a black box to me then. Any way of finding out more about TF/Time Warp without looking at the code? |
|
|
|
Okay, now I will honor my previous words and stop commenting about it. Let's agree to disagree.
It's a moo-point anyway, because indeed people do what they will do...
Nobody??Nevermind, I'm sure you can find some clangers in my posts and English may not be your mother tongue... the little chuckle brightened my day though I like Friends references. Ahhhh, ok. I like this one better |
|
|
|
|
CfB, when you talked about the 'Time Warp' effect, is this related to/achieved by parallel chains?
|
|
|
|
I will help, if I am able. But I have no idea what you just said, except "beta tester". Right, I'm off to re-cost my wind sprocket rod to raise the axim level to brown code 3 bravo. Wish me luck. |
|
|
|
Okay, now I will honor my previous words and stop commenting about it. Let's agree to disagree.
It's a moo-point anyway, because indeed people do what they will do...
Nobody??Nevermind, I'm sure you can find some clangers in my posts and English may not be your mother tongue... the little chuckle brightened my day though |
|
|
|
Does Joefox still come on here? How does he feel about people going on and having a go at adding to the wiki? It seems it is his baby... |
|
|
|
Moving on. No more Brian discussion please.
Agreed |
|
|
|
My comments regarding "price" were not intended as "speculation" (but seemingly have been interpreted that way).
The market will decide "how much NXT is worth" and that value will be mostly determined because of the usefulness of the platform.
Perhaps people might consider "quoting this post" instead of the other but of course people are only going to quote what suits them.
I don't really know any other way to interpret what you said. It's pretty clear if you ask me and if you feel I'm taking you out of context I'd love to be shown in what way. Anyway, I think I've said enough on all of this. Anyone who doesn't get what I'm saying at this point is probably never going to get it. I'm glad I got it off my chest and now it's time to move along. Feel free to talk all the shit about me you want. Boo Hoo. Your are very skilled, I don't think I have ever seen anyone throw so much FUD around and get thanked for it afterward My jaw actually dropped and I reluctantly finding myself admiring you slightly. I invite anyone who is still interested to re-read the fees discussion from where Brian jumped in, his argument briefly from memory Fees are too high > I don't think fees will change (tollbooth) > We're too decentralised, decision won't be made (crap like this, fees too danmn high (after we had theoretically just dropped it??)) > We're too centralised relying on JL (hit by bus).. . Perhaps your preference is a distributed network? Being all over the place and not debating one point at a time and mixing in assertions is textbook of a certain kind of bahaviour that nobody values here... Largely ignoring solutions and questions people we're posing, to continue a crusade all the while declaring Nxt a failure in various ways (POS 0). You don't have faith in the devs but you soon change your tune in later posts. All under the guise of "critical friend". Very impressive. EDIT: P.S. In case anyone is wondering, I haven't sent any PMs to Brian. |
|
|
|
just got paid out 150NXT for my days mining with paradigm flux.. thanks, thats a little over .1NXT per Kh/s
Is this likely to get better or worse in the future? And any idea what it is net of other costs? P.S. I have never mined, if you couldn't tell |
|
|
|
Result: U sold 50k NXT for 0.01 BTC. ...thnx brother... Hey, just don't send NAS when he sends u 0.01 BTC. Call me State-The-Obvious-Stan if you want but.... I just want to check You would need 50,000NXT in your Nxt account for this to go through, right? But I suppose they could look in your Nxt account, see you have 1500Nxt and say "hey, I'll buy 1500NAS for 0.01 BTC", right? |
|
|
|
For the eMule quote bounty, who is going to own up to trying "Your mother is a l*sbian" as their first guess?! Come on, don't be shy! I would estimate at least 75% of you did |
|
|
|
To those that code and those that want to learnI came across this site: http://www.codecademy.com/Has anyone used it and is it any good? It has interactive help for JavaScript, HTML/CSS, PHP, Python, Ruby and APIs. Doesn't appear to have Java but a discussion recently about which language to learn I think supported Python (except CfB who said Java). Any thoughts?
|
|
|
|
|
I am really impressed Brian, you have got skills
|
|
|
|
I don't want to base a decision to use a platform on some arbitrary decision that may or may not happen in the future. I have no faith in the decentralized developers to make this decision correctly in the future. I want to know now what would happen in the future before I decide to waste any more time believing in this product's potential.
Then you must also have to believe that the Devs are immune to/don't understand the effects of market forces. Do you honestly think the fee won't change if it costs $620,000 to issue an asset (to use your example)? |
|
|
|
Allowing the issuance of assets with the same name will most probably hinder us to sell our assets on the Nxt AE as we donīt want to have anyone creating assets with the same name as ours. We will work hard to get our shit together and to convince the community that our shares are worth buying, but if anyone can come and issue assets with the same name, we will most probably not use Nxt as scamming would harm our reputation, too.
EDIT: I am talking about a real life project we would like to fund using Nxt.
if we have a verification system there should be no issue, right? (with non unique names) Well, I thin kthat the average user will go after the name... I see some discussions between friends: "I bought ABC shares on Nxt" "Really? Cool! I will also buy one when I get home." "But take care as there are hundreds of shares with the same name..." This IS confusing..isnīt it? Anyway, looking forward to the decision of the wise counsel. Is it? On many places where stuff is exchanged there are multiple items with the same name, but issued by different users. As long as it is distinguishable that both items are issued by different users, there is no problem. Non-unique names should not be a problem as long as it clear they are from different users. To use ripple as an example once again they have Bitstamp BTC, Peercover BTC etc. Don't see why that's an issue. It provides arbitrage opportunities and allows buyers to shop around for the best price on the exchange. However, XRP has an infinitesimal transaction fee, which allows these centralized exchanges to set their own fees. In Nxt, if any similar exchanges wanted to use Nxt in this way, traders would either have to pay both Nxt's fee and the Exchanges fee. Therefore Nxt has pretty much eliminated the motivation for centralized exchanges to use Nxt at all. Unlike XRP, NXt comes preloaded with lots of friction. We're basically left with individuals selling "shares" in their companies. I'm starting to envision a future where the Nxt platform looks like bitcointalks' alternative currency section. Lots of noise, confusion and scam artists hawking digital penny stocks. So are you refusing to acknowledge that the fee can be changed as the situation dictates? Or that you want us to match ripples fee right now? Sometimes I don't see the benefit of some posts in moving things forward. |
|
|
|
I think the key is that the fees to ensure NXT network only Nxt coins must be used.
If you mean: The key is that the fees to use the Nxt network can only be paid using NXT coins (tokens). Then THIS! As they say. Then we have a finger in every pie, taking a tiny slice but (years from now) there will be hundreds of thousands of pies and millions (billions) of transactions. Someone comes in a buys Doge for BTC (+0.1 nxt fee), someone sells NEM for NEX (+0.1nxt fee), Someone buys BTC for DOGE (+0.1nxt fee) etc etc. We are effectively be backing all cryptos and we don't care which of them fail and which succeed because we are the platform it is all done on. We will still be here when they have all gone. How many transactions happen everyday to move the prices of ALL the coins on CoinMarketCap? What if we captured 10% of this. 50%? 100?!! (Now I really am dreaming). Well why wouldn't we? We have the lowest fees around. And this is only considering Nxt when confined just to the Crypto world and no other asset class. There is a point where Nxt becomes unattractive if the price rises. We have room to maneuvere to lower our fees so the market is still getting x transactions per Nxt it wants. There may be a point, a few years down the line, where Nxt is unattractive AND we can't control spam by any lowering the fees anymore BUT i) Nxt will be worth much more than 5cents in my humble opionion (so everyone here will be happy); More importantly: ii) We have devs and intelligent people now who are already considering these problems now (something with the word hash in the name, not pool related). In December, I *confess* (sorry guys) I bought my first Nxt, hoping for a quick pop just becasue Nxt was different to the rest. Then I learned about TF, AE, 1000 TPS, Parallel chains where my brain melted and my heartrate quickened at the POTENTIAL of Nxt. That was my conversion. Things have only got better since then. The real risk is can these things be delivered? Nothing is a given, there still are huge risks but we all knew that when we got into cryptos right? I am very pleased with the devs we have and all those who have poured time into Nxt. KEEP IT UP. |
|
|
|
|
Show Posts
