Just taken a look at Vitalik Buterins latest paper, which contains a couple of pages devoted to NXT and its algo: Notes on Scalable Blockchain Protocols (v 0.0.2) Pages 10 and 11 are interesting for NXT: Example 3.0.2. The cryptoeconomically secure entropy source used in
NXT[16] is defined recursively as follows:
E(G) = 0
Lemma 3.0.3. The NXT algorithm described above satisfies the conditions
for being a cryptoeconomically secure entropy source.
Proof. To prove unpredictability, we note that the NXT blockchain pro-
duces a block every minute, and so the update
I must admit that most of this paper (and all of its math) go straight over my head, but VB does seem to regard Nxt as being 'cryptoeconomically secure' which sounds like a good thing to me.... anyone got any more expert input on this paper and it's implications for NXT ? |
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Whoo, whoo.....thats the sound of a NXT release. (sorry, got all enthusiastic, won't happen again.) Going to update my Testnet VPS to 1.5,and maybe (just for laughs) put up a Mainnet node. Message payload is now being upped to 40kb.Thats a lot of data storage if you know what you're doing......  |
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Must say the nem client is really stable for harvesting for the first live version. I remember Nxt client did always stop forging to begin with(memory etc...).
Expect some GUI and export wallet errors everything good.
It would look strange if NEM had such issues after being developed for that long, wouldn't it? NXt was developed just as long before it was launched wasn't it? It was under the radar for one year before the big 8 whales and their 67 friends came along to launch it in November 2013. No? So, why does it look strange if there were any issues? You develop solutions don't you? Even Microsoft, such a huge multi billion organisation, have bugs in their releases. Surely, you are no novice here in the game. Are you being sarcastic? That would mean that BCNext began work on Nxt in November 2012.........which I'm pretty sure he didn't. CfB would know this a lot more accurately than me, but BCNext made his first post on what became the Nxt project on September 28, 2013, asking for investors, and the Nxt blockchain went live at the end of November. Judging by the state of the original code, Nxt was not that long in development, certainly nowhere near as long as NEM. Anyway, heres the original Nxt ANN thread: https://bitcointalk.org/index.php?topic=303898.0 |
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Was that TaunSew ? The foundations of my world are getting a bit wobbly.....  BTW & ontopic: how about forming a group to actually do something useful ? Another p 'n' d posse chasing their profits at the expense of new investors....yeah, we need that. |
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apart from the fact that NEM is taking that route, I don't think it is
Well, this is how it looks for a guy from outside. I may be wrong. You may indeed be, but the fact is that NEM needs an identity / USP........much of NEMs identity right now seems to rely on not being Nxt and having a 'fair' distribution, but that won't keep people interested for very long. Especially given the way that some crypto investors expect profits to magically appear after 2 or 3 days..... What is NEM ? Answers on a postcard, please, to..... @ adsl...
Try the 'Add an Existing Account' option..... |
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Nxt is still solid......the price could always be better, but there aren't many alts that haven't lost a lot of value over the last year. As bizz pointed out, at least NXT is pretty stable price wise. For the internal development: the dev team is still moving forward, NRS 1.5 will be coming out 'soon' adding a handful of useful features and getting rid of the need to have a visible command line. I'm pretty sure a lot of people will like that, even in crypto world... There are a number of external projects (not even focusing on the crypto market space) that are building on Nxt, and some of those will be going public over the next couple of months. As an example, take a look at Jetcoin: https://nxtforum.org/news-and-announcements/%28ann%29-launching-jetcoin-supporting-tomorrow%27s-champions/?topicseenThe Jetcoin project had been in the pipeline for almost a year before we got to see this announcement. For marketing:  is now a fully-registered legal non-profit company, based in the Netherlands. This will allow the Nxt community to engage with outside businesses/projects that require a more business-like approach, for example by sponsoring the upcoming PayExpo Just to finish this post off, and this could be useful for Armis to attend, we are also sponsoring the Mind the Gap virtual conference, which will bring together the worlds of crypto and fintech (including a few VC types, hopefully). Registration to attend is free, and there will be some very interesting contacts to meet. And a small Nxt-related announcement, I believe. Anyway, thats just a selection of what Nxt has coming up, so just to make it very clear: Nxt is a long term project. The Nxt community is still in full flow, and the only direction we are going is onwards and upwards..... |
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As long as I still have an asset on NXT Asset Exchange NXT is never going to die because quitting is not in my vocabulary. Plus the NXT old-timers are a very stubborn bunch so these reports of death are premature. Stubborn and sneaky.......come to the Mind the Gap Conference, see how Nxt is coming along: http://mindthegapexpo.com |
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The developer behind Noble, Rofo, has a solid reputation, Noble has been running for a long time (18 months or more, AFAIK) and I've never heard of any scam accusations towards it. I do like it as a project, on the whole, but it does need to get some more traction. Still, I'm happy to wait and see how it turns out, thinking longterm. https://www.noblemovement.com/ https://bitcointalk.org/index.php?topic=402667.0 |
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I'm gonna introduce a variant of Godwins Law: Sooner or later, all BTT discussions will end up as a Monero thread. (or maybe NXT)  Monero is not the issue here.....the question is: do you want to put your time and investment capital into a crypto system that is structured as a corporation, or do you want to invest in a crypto that has no centralised control systems ? A corporation is created to benefit/enrich the people who control/own that corporation, whereas a genuinely de-centralised crypto-currency has no such bias built into it. Bitcoin (or NXT, Litecoin, Doge, NEM..etc) is not structured to explicitly benefit any particular group....all users are equal (at least in theory). Corporatism is often presented as a guarantee that everything will be professional and above board, as compared to a bunch of volunteer devs working in basements on decentralised projects.....but take a quick look at how Paycoin launched as compared to NEM. |
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Lol, I wondered when you'd turn it back on TS  hi daedelus is that attempt to answer above questions? if true then i dont get it. sorry de toekomst is een boek met zeven sloten eh maar nxt toekomst.. weet echt niet hoe dat kan LoL Tja, achterdochtig NL'er. Er zijn 'tuurljk geen zekerheden in dit wereld...... But: if no-one uses Qubic, or Nxt, or BTC then it's just: tough titties, kids. We wasted our time..... However, given the facts that Nxt has a shitload of outside projects running on it, a massive (and very competent) dev team, a great community and a good handful of clones/copies, Nxt is here to stay, and will only grow in the future. But what will it grow into? Thats the interesting question....... |
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I gotta say, guys, that was a very smooth launch......nice work.
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Yeah, it is kind of annoying. Stupid price.......grumble, grumble. Still, NXT has all of the tech up and running to allow people to do pretty much anything they can imagine with crypto, the community is as amazing as ever, and we have a lot of very interesting stuff coming up. Even a small PR campaign is in the pipeline........ Building something real is always going to be a long game, and NXT has only been up and running for just over a year now. We're in a good place, so any further price drop is just an opportunity to buy more NXT in. |
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^ Much LOL |
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@TheCoinWizard Just checked with the admins.....the SSL certificate for NxtForum expired this morning. Problem should be solved pretty quickly, and shouldn't present a security risk, so you can just allow/force your browser to connect without too much risk. While I'm here, heres a list of weak passwords used to create NXT accounts: http://pastebin.com/5LNjyrUaAll of that list have been cracked, so do not use anything on this list as a passphrase for anything. Ever. |
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Moving away from maritime disaster, heres a little toy I just recieved from the lads at Coingecko:  Yep, it's a very cool NXT price ticker......you can embed it pretty much anywhere using the following code: [url=https://www.coingecko.com/en/price_charts/nxt/btc?id=nxt][img alt="nxt price"]https://www.coingecko.com/en/widget_component/ticker/nxt/btc.jpg?id=nxt[/img][/url]
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Titanic was firing off signal rockets for the first hours of the sinking, but they were either white or red. The green light is most likely to be the starboard navigation light of one of the 2 ships closest to Titanic: probably the SS Californian, which had stopped for the night, less than 20kms away, after warning Titanic of ice ahead (no radar back then, so rolling at full speed at night into a known ice pack would not be a great idea.). Could also be the Carpathia, which (unlike Californian) did roll at full power to assist Titanic, but as they were 100kms away didn't arrive until 2 hours after Titanic sank.
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My first question is: how big is the hole ?
I've always had the impression of Mark as a trustworthy guy, but even the best of us can make crappy decisions, especially if we need to put bread on a family table.
Bitmark has always been an excellent project imho, and I wouldn't like to see it go tits-up.
We need at least a few sane and non-scammy projects in crypto right now.......
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Maybe its a scam,l dont know.
Oh, it most definitely is. Look at it this way: Based on a massive amount of evidence, (ie everything that has ever happened with it) PayCoin is either a huge scam, or an equally massive fuck-up. Either way, it doesn't look like a good project to put any of your cash, BTC, or faith into. So why does 1 XPY still = 0.002 BTC?! That is a mighty high valuation for a shitcoiN! As iBwT put it, market price is irrelevant at this stage of crypto development. Because of low trade volumes (when compared to 'real' markets, like oil ), anyone with a small handful of cash can manipulate the market price of most crypto-currencies. PayCoin traded $94,000 USD in the last 24.....assuming that no-one else buys in, one investor would only have to pump a hundred grand into XPY to maintain (or slightly raise) its current $8 million market cap. But: because other people do buy in when they see a price rise, any money going into the pump can be pulled back by sales of that $8 million market cap to credulous investors. Obviously, no-one can afford to run this sort of manipulation for a long time, which is why we see fast rises followed by slow drops in the price: a pumped spike every few days followed by another slow sell off. It's a margin-based game: if your $100,000 pump in to a coin gives you enough time to sell off $110,000 worth of your coin stocks...you're having a good day. Last point on PayCoin price: one of the main selling points of PayCoin was the guarantee from JG/GAW/etc that Paycoin would trade at a minimum of $20 shortly after launch, and that JG+whoever would support that by placing a buy wall at $20. Or did I hallucinate that bit ? Compared to $20, $0.55 looks kind of crappy, and there seem to be some XPY investors who are unhappy about this. |
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