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521  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [NXT] Nxt Technology Tree - Next release: v1.5 *Voting* AND *Multsig* on: March 24, 2015, 09:47:18 AM
Important: Get ready for JAVA 8

Java 8 is needed for the NRS 1.5.x series of updates


You can do it when it is released but ChuckOne thought "some folks of you need more time to get this ready and test your environment well"


See Announcement thread here: https://nxtforum.org/general-discussion/(core)-get-ready-for-java-8-0/
522  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: March 24, 2015, 09:46:30 AM
Important: Get ready for JAVA 8

Java 8 is needed for the NRS 1.5.x series of updates


You can do it when it is released but ChuckOne thought "some folks of you need more time to get this ready and test your environment well"


See Announcement thread here: https://nxtforum.org/general-discussion/(core)-get-ready-for-java-8-0/
523  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS vs Pow on: March 23, 2015, 03:39:04 PM
Neither, PoS in its current state needs more work and PoW is just a waste of resources.
I suspect we will see an evolution of one or both soon (tm)....

What are the areas in POS that need more work?

1. I am not convinced incentivizing miners with a % reward based on holdings is the right solution (making the rich richer?)
2. There is still centralisation and this area needs work i.e. checkpoint node

There have been improvements such as BC PoS 2.0 but more work is needed.

1. It depends on the percentage. How rich will they get if the percentage is 0.5% or less? POS coins that use very high inflation, rather than transaction fees, as rewards are different. In the long run, these will make everyone poorer.

2. Not all POS use centralized checkpoints. BC's POS 2.0 moved it away from Peercoin/Novacoin and made it very similar to Nxt (Come-from-Beyond reviewed it and this was his conclusion, almost identical). If BC implemented all of Nxt's idea then it would no longer need centralized checkpoints that (I believe) Peercoin still requires.
524  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS vs Pow on: March 23, 2015, 03:07:05 PM
Neither, PoS in its current state needs more work and PoW is just a waste of resources.
I suspect we will see an evolution of one or both soon (tm)....

What are the areas in POS that need more work?
525  Bitcoin / Bitcoin Discussion / Re: Decentralized and Autonomous? on: March 23, 2015, 02:34:16 PM
Will it need Fact Digitization?

No.

Does it use its own equivalent of Fact Digitization?
526  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS vs Pow on: March 23, 2015, 02:32:24 PM
what im thinking is. PoS coins basically gives you more coins by just having one. inflation of course prevents the coin's value to rise.
on the other hand PoW coins with limited coin supply should they succeed has higher chance for the price to go up because of scarcity in the future.

but then again greece said that they cant make btc as their currency because it is inflationary.
people wont spend btc because they know the value will rise.

"Inflation bad for POS but good for POW", one rule for POS and a different rule for POW? Undecided


Also, not all POS are inflationary.

527  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: March 23, 2015, 01:23:12 PM
Quote
totally improvised, no script at hand (so "bravo" to Antonio), vLog episode on "why Nxt is awesome"

Nice one Nino  Grin

https://www.youtube.com/watch?v=TihG5AM5UcU

Feedback welcome at: https://nxtforum.org/general-discussion/nino10-to-present-a-serie-on-why-nxt-is-awesome
528  Bitcoin / Bitcoin Discussion / Re: Decentralized and Autonomous? on: March 23, 2015, 01:20:30 PM
Will it need Fact Digitization?
529  Bitcoin / Bitcoin Discussion / Re: Decentralized and Autonomous? on: March 23, 2015, 12:48:21 PM
Are you planning for Jinn to have some element of AI? Or maybe emergent AI is a by-product of how it works?
530  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: March 23, 2015, 11:52:34 AM
Nxt are once again headline crypto sponsors of the London PayExpo2015 - "The UK's largest Payments Event", as we were last year. See www.payexpo.com

Last year we were billed alongside Barclays Bank and this year there are more financial firms than ever. These are non crypto firms so there is more opportunity for here than at your average crypto conference.

Donations for the final payment are still required, please donate if you can. ~135,000 Nxt left to go.

Donation address is: NXT-ZGDQ-W9Q3-YFK6-4L8F4



Here is Damelon answering questions in the main thread here: https://nxtforum.org/general-discussion/payexpo-2015-london-9-10-june-2015

What does it mean exactly to be a partner and why will be this good for NXT?

It means we are the crypto that is most in view in this big, BIG event.
We're basically everywhere, which is why I'd like as many people as we can get to be there.

We also get to do the crypto keynote speech and have a booth ánd do a crypto seminar for a lot of top level bigshots from the financial business.

Enormous potential for making good contacts here.

People were excited about the UK Treasury? Those and more will be here, and we get to talk to them and inform them about Nxt, and who knows what else.  Smiley
531  Bitcoin / Bitcoin Discussion / Re: Decentralized and Autonomous? on: March 23, 2015, 10:26:14 AM
Whoop! My understanding isn't behind the curve for once  Cheesy
532  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: March 23, 2015, 09:45:20 AM
Designed for noobie and non-crypto users: The Jay Framework


Countdown to release: http://jnxt.org/jay


I've been putting quite a bit of effort in trying to get this out and have made some very cool steps.

First of all I have begun implementing my new format for the project, it has a couple different steps:
1. Jay Framework - A javascript library that can give you api requests without a node, deal with tokens, and create transactions (bytes and TX_ format)
2. Jay Client - A small single page html (like vapor) that takes the transaction bytes generated by the framework and sign and broadcast them.
3. TX_ format - formerly TRF, looks like TX_3YoYmaTiHaxe7ApnLdGRJWnLUnmbB4r9lSsr5pudM (that one says send 1 QNT to x account)
TX_ format is my Jay specific format for shortening transaction bytes and handling them throughout the system, you can also use standard tx bytes for Jay, but this makes things much simpler as you don't have to specify a sender, timestamp, or any whitespace, as Jay Client fills that in for you.

Where I am now:
Jay Client has made its first test transactions and has made big strides in ease of use. You can also deal with many accounts simultaneously and it adds a wallet.dat type layer of security with a PIN that you need to enter in order to make any kind of transaction.

TX_ format is as follows "TX_" + Base62(1 byte TRF ver. (01), 1 byte type, 1 byte version/subtype, 8 bytes recipient/genesis, 8 bytes amount, 8 bytes fee, 4 bytes flags, attachment, appendages)
This will be more clearly defined and documented soon enough, but I still agree that TX_ format is useful.

Jay Framework is on its way to be caught up with Jay Client right now, Once done you will be able to create nxt transactions easily with a single function.

As for what I plan to do with it once the framework and client are available, I have a few things,
- Test interface, A simple page to display how everything works and showing off the cool things that Jay allows for.
- InstantDEX support, A Jay supported Instantdex web client.
- Play around with other SN services as web wallets (MGW, neodice, freemarket)

So I will be busy for a while. Smiley

thanks to everyone for all the support I've gotten so far on this, I look forward to Jay's release.
533  Alternate cryptocurrencies / Altcoin Discussion / Re: Fastest transactions for an altcoin on: March 22, 2015, 04:45:48 PM
Depends on how decentralised or otherwise you like your crypto and the security you're willing to accept I guess.

More centralised forms will have fewer orphaned blocks as the network only has to 'talk' to fewer nodes and it isn't as messy to reconcile. Also check if x seconds if a confirmation by all the network to gain consensus or just reliant on a small percentage (marketers like to create a fog about this when questioned  Grin ).  
534  Alternate cryptocurrencies / Altcoin Discussion / Re: Is staking blackcoin or nxt worth it? on: March 21, 2015, 09:34:12 AM
Get some Mintcoin

You don't need a lot and the payout is higher.

I've minted from a balance of only 1000 coins before with mintcoin and it pays 15% APR currently.

With only 15 million coins (worth about 2 BTC), I'm minting about 187,000 MINT every month...seems to be worth it. And it compounds so u get more and more, as you mint more.

 Smiley

Here is a wallet example on YouTube http://youtu.be/g04yHPY6Xik
Mintcoin have got a lot of potential. we hold Mintcoin in our wallet and earn up to 15% for this year, 10% the second and 5% Interest every year thereafter as a reward for securing the network.

You aren't comparing like for like. The OP is interested low/no inflation cryptos. If you're happy with your stake being inflated away at 15% then why not 30% or 300%? The only thing that changes is the time it takes for you to become poor.
535  Alternate cryptocurrencies / Altcoin Discussion / Re: FACTOIDS are coming! on: March 21, 2015, 09:22:55 AM
^Could you dumb that down for me a bit?

Sorry. USP = is modern business (Shark Cage) obfuscation for Unique Selling Point. Meaning, is this the reason it was designed and the reason that will make it succeed.


Quote
There are two enterprising individuals who will put a hash of whatever you want on the blockchain

From this, I assumed Factoid's main use case would be to enable anyone to store hashes on the blockchain. I just wondered if this was the case.
536  Alternate cryptocurrencies / Altcoin Discussion / Re: What altcoins are similar to NextCoin or MaidSafe? on: March 20, 2015, 08:48:35 PM
Namecoin
537  Alternate cryptocurrencies / Altcoin Discussion / Re: FACTOIDS are coming! on: March 20, 2015, 01:09:08 PM
So the USP is storing a hash on the blockchain?
538  Alternate cryptocurrencies / Altcoin Discussion / Re: Is staking blackcoin or nxt worth it? on: March 20, 2015, 01:06:25 PM
No it doesn´t worth it. It is only cents...

I found it's not worth it unless you own loads to start with.

In Nxt, everyone gets about 0.5% a year over the long term. Even the whales only got ~$65 in an entire year of forging.


Forging was never designed to make you a millionaire, precisely to avoid the centralisation of bitcoin. A coin has to survive on its own merits and not because it continues to enrich a few (if you think $65 a year is enriching the few then maybe you should close the laptop and spend some time in the real world for a while).

Forging takes 2-3% of systems resources more than your computer just idling so you forge because you want the coins you hold to have value in the future. Mining mentalities need not apply.
539  Bitcoin / Bitcoin Discussion / Re: Decentralized and Autonomous? on: March 19, 2015, 09:00:42 PM
I don't think one exists.

You could probably do a simple one to do basic things (payments on a savings account?). But to be truly autonomous, it would need to be intelligent right? So AI/Machine learning need to be built (Skynet)
540  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: March 19, 2015, 08:05:57 PM
For stickers, see https://nxtforum.org/general-discussion/nxt-merchandise/

He was v accommodating in the past so just let him know what you need
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