Could you clarify this?

It sounds like you are saying that frictionlesscoin is actually not a real person, but a voice of a corporation that is owned or controlled by carlos

I guess my question is whose fingers types the words of your posts?

If you still claim you are two different people then please prove this. I have a method that will prove once and for all whether you are indeed two different people or the same one

The method is for you and carlos to monitor two different threads. At a sybchronized time two different questions will be asked in each of the forums. These will be very easy questions, but you wont be able to prepare answers ahead of time. All you have to do is answer the question in two different threads at the same time, within 3 seconds of the question. Then after responding in the other threads post the answer in this thead too

I guess you stil might be able to setup two computers and type in the answers to botha and post at the same time but i imagine the other intested parties can suggest improvements

James

does anybody know what time the miami show will be on live? Would it be possible for somebody that is in Miami but not on stage to post to the thread any questions that are being asked that help is needed with?

With the entire NXT community on tap, I doubt there will be any question that couldn't be quickly answered outside of in depth crypto algorithm or TF part 2 and 3.

Not sure if there will be enough time to relay the question and answer back and forth, but if the format of the show can accomodate even a minute or two from question, maybe we can get a preview of what will be asked? Just by 2 minutes?

James

I agree.

some sort of predicted (unconfirmed) blockchain could be propagated alongside "official" blockchain, maybe even with possible branches and all paths could be pre-calculated by the few nodes that are the candidates to forge so that when a block is finally forged, the next one is already done (n-levels deep) We could end up with a block per millisecond if the forging node has enough bandwidth and this explain the hallmarking system and why it is there. As long as most of the forging is done by the presumably much faster hallmark servers, the TPS will be just mind-boggling. Even when a little rasberry or cellphone ends up forging a block, it would just slow down to 100 TPS.

This avoids any centralized database and the current code can be used to do most of the branch processing, just need to add the branch prediction and locally store all public keys that have ever been seen. Maybe the predicted forging tree N-levels deep can even be broadcast (or added to actually forged block)

I think it would make more sense to increase the granularity of blocks instead of making the blocks bigger so the whole network won't have to wait for a smartphone to process 60000 transactions. I wonder what the fastest the network can propagate a block is? 3 seconds? 1 second?

James

This is temporary. Dilution based valuation of DOGE/NXT would be around 34 (34 billion DOGE vs 1 billion NXT), currently it is trading at about 40. This means that even with NXT in beta and most of its features not out yet and only NRS as client, it is still at a premium over pure dilution valuation.

DOGE has all the tech is will ever get, its feature set is static. However, it is at alltime high against NXT due to its having sponsored jamaican bobsled team for olympics. Traders are buying in anticipation and my guess is that after the olympics, the ratio will drop to the more "historical" 50:1 ratio. Not that there is much history as both NXT and DOGE markets are relatively new, especially NXT with bter. DOGE is benefiting from the network effect, it is getting more popular because it is popular. This is a positive feedback loop and should continue to benefit DOGE long after the olympics.

Even in these very early days for NXT, it is trading above dilution parity against the hottest crypto in the market. Only 5 of the top 50 cryptos have gained in the last 24 hours, only DOGE in the top 16
As NXT matures and gets all the promised features, it is expected that it will trade at significant premiums to the dilution valuation against NXT. How high is anybody's guess. With all the upcoming marketing, new client(s), transparent forging, asset exchange, etc., I would not be surprised at a 10:1 premium over dilution valuation, but all that will take time.

Now that the initial influx from Chinese customers of bter has run its course, NXT market price is consolidating at much lower volumes. Just prior to bter listing, NXT was doing this low volume consolidating at half the current price. It seems that with more people able to purchase NXT, the equilibrium point has significantly increased. It could continue to go down for a bit, but considering that we are more than double just several days ago, this could just be a nice buying opportunity.

James

I don't see how .00013 is any special price other than lucky 13. No significant time was spent at that price,the key prices are alltime high .00015 to .00016 and .0001

We both agree that if it goes below .0001, then we could easily see it back to .0006, but it is hovering around .000125 now due to strong CNY support. A lot of buy orders at .5 CNY/NXT and above, so <.0001 would require large scale selling of NXT/CNY, but there is nobody with a lot of NXT at prices above .000125

A lot of the near term price will depend on successful launch of new client next week. If that is late, then NXT will become available at bargain prices again. Even if it comes out on time, we will still see a selloff when it is released. buy the rumor, sell the news.

James

I also see the same problem on a Mac with 10.7.5
I click on the NxtMac app, it starts but immediately exits.

I guess need to wait for universal client coming out next week

James

You are probably running an old version of Mac OS. I think you might need to install the JRE http://www.oracle.com/technetwork/java/javase/downloads/jdk7-downloads-1880260.html  first,but only if your mac OS is recent enough.

James

I doubt this is going on. Last night, bter was at large premiums to dgex. Also, bter has more volume than dgex now. There is a LOT of demand to trade NXT. Even at these levels less than 3% of NXT is being traded everyday. If what you say is going on, it would have been the reverse. In any case, there is no rule against trading among your own accts. This is all standard fare in the world of high frequency trading.

Just stick to a price you are comfortable with trading at and stick to it, until some fundamental change happens that affects your analysis.

For example, I was on the fence about DOGE, until I heard that they funded the jamaican bobsled team for olympics. That is the team that the movie "cool runnings" was based on. Combine this with the usual TV ratings of hundreds of millions of viewers and knowing that the story cannot help but get airtime with the dogs pulling sleds, bobsled, etc. I then saw DOGE was creeping up to its alltime high, so I decided to buy it counting on an overshoot and getting some nice room above my entry price to protect from volatility.

I got lucky as it immediately tripled in price, but I followed a process. I usually steer very clear of anything without technical merit, but the network effect with DOGE is so strong, it can bootstrap all the infrastructure it needs to survive and thrive.

So, why the long story? Well, what does it matter what bots are doing what if I am intending to hold until at least the Olympics are around the corner? It is like waves on the beach. Sometimes a big one comes crashing in unexpectedly, but if you are waiting for the tide to come in and go out, you can safely ignore all the waves.

Tides are much more predictable that waves.

James

Don't worry about alias extensions for now, just download the client from: http://nxtra.org/mac/NxtMac.zip
unpack the ZIP file and copy it to your applications folder
Then launch the program, wait for it to download the blockchain
click on lock, put in a STRONG password (30+ random characters)

James

BCNext decide to give the lucky 71 founders a million dollars worth of software for the symbolic amount of one millionth of total BTC possible, eg 21 BTC. BCNext created NXT, it was his right to do whatever he wanted with it.

Since the initial release there have been dozens of releases, each improving on the previous version. The market value continues to go up as the new NXT versions get more and more functionality and less and less bugs.

If you invest in pre-alpha software and hold your investment as it goes to beta and final release, it makes sense to me that you will make some pretty large gains. Over the last month, anybody could have purchased NXT at less than one quarter its all time high price and made 400% return. Is that not enough profit potential for you?

How much profit do you deserve to make because you were late to discover a good thing?

James

How it will work is:

Frictionless will continue to brag about how NEX is better than NXT, even though he can only copy it. He claims he is adding new features, but in reality the NXT team is doing all the things he claims he is doing. As soon as the NXT team makes a release, frictionless will claim he did it.

As to what people will get, only time will tell. The distribution method keeps changing and it seems that frictionless has 100% control over all aspects of NEX distribution. Will it really be fair? What can anybody do if it isn't? If frictionless is actually writing code and adding features, it would be a different story, but his idea of writing code is decompiling NXT code. also, since NXT source is supposed to be so bad according to him, why on earth is he using any NXT source code at all. Shouldn't he simply write an entirely new version from scratch?

Why did he steal all of NXT marketing materials, just changed "NXT" to "NEX", sometimes he didn't even both to do this. Why would someone spend so much time if he isn't planning on making a profit somehow. Where do you think that profit will come from?

Some cloned version of NXT that is exactly the same tech as NXT without anything new except a genesis block. Just don't send any BTC or NXT to him, and certainly don't burn any. All you will get back is worthless NEX. Without a community, trading market, etc. NEX will have no real world value.

NXT already has half a dozen exchanges, fiat gateways, over ten thousand stakeholders, and on and on. New releases come out weekly, sometimes more often.

His claim that 50 NEX for one NXT is generous is absurd. That is 0.02 ratio, basically he is saying that NEX already has the peak LTC/BTC ratio LTC ever got, when NEX is so far totally vapor and a 100% clone of NXT. When LTC got the 0.02 ratio ($50 LTC), it was already on major exchanges, accepted in many websites, etc. It also actually had a speed improvement over BTC.

At best NEX is a joke, at worst it will be a scam that leaves anybody that puts anything into it without anything.

If you want one billion coins without any market, you can do that yourself without NEX. Just issue it using NXT asset exchange.

James

I just use the mac client http://nxtra.org/mac/
The only issue I have seen is that it keeps asking you if you want to update to a specific version, even if you already have it. Probably got used to jean-luc's daily updates

James

What! You mean people actually put in small orders in the opposite direction that they want to move the market to where they want it to be for the big order? How can they do such a thing. NEWS FLASH: Wall Street traders have been doing stuff like this for over 100 years.

Whenever there is an open orderbook, everyone can see it and so it is possible to glean some information about what the market is about to do. Of course, people know this so discount this information or even reverse it.

I know that you know that I know that you know that I know,...

This is why it is not possible to predict short term price movements, just general direction is difficult enough. Pick a price you are happy to buy (or sell) at and then stick to it. If your analysis is correct, in time you will gain. If you are wrong, you will lose (or have to wait a long time to get out without a loss)

James

Not directly, but we expect there to be colored coins that represent the fiat. At some point these colored coins would need to be converted to fiat via gateway functionality. However, anybody that touches fiat in anyway ends up having to deal with 14,000 pages of regulations, possibly from multiple jurisdictions.

If you just want to go from NXT -> fiat, you can do that today by selling NXT for XRP and purchasing whatever fiat you want with XRP, eg. USD, CNY, etc.

James

Hence, the resistance. I predict we will bounce off of the .00015, but not all the way down to .0001 probably only down to .000125 or so. Then, we will have bounced three times off of .00015, so the next time should set new alltime highs without resistance until the ~.00025 range

the key is for everyone that wants to sell at .00015 to get their orders in now so we can distribute more NXT at these prices before it goes all crazy and becomes more and more expensive for people to buy NXT.

If you are up for day trading, when NXT is approaching .00015 and DOGE is descending to its support at .0000015, you can get 100 DOGE for NXT. Wait for NXT to drop 20% and DOGE to go up 50% and reverse. A bit risky, but if you can time it just right, you end up increasing your NXT stake.

James

frictionless does not care about stealing other peoples intellectual property. He doesn't care about stealing people's donations. He says NEX is free, then it keeps changing.

Oh, he also has a quantum computer from the future because he can crack any 256 bit encryption.

It seems that Jaguar's implementation is the only one that achieved the 100TPS. Is this true? No offense to the others,but would there be a reason for people to use the slower versions?
I might have misunderstood the benchmarks in that thread as I didn't find any benchmarks of all four on the same computer

James

Please explain how 256-bit encrypted accounts can be bruteforced. Do you have quantum computers? Does the NSA know about you?

Even 64bit encrypted accounts will take quite a few computing years to get brute forced. How can you make such unsubstantiated claims?

around 50 DOGE for NXT seems to be the current value. As the two markets start to diverge, it would be possible to play the variance around this ratio, eg. sell DOGE for NXT at <40, buy back at >60

If that really works, it would be a significant gain each round turn. The danger of course is the DOGE can go totally out of control and so can NXT. Trade only what you don't mind holding for a long time.

James

If these four will be reference implementations recommended for other developers to use, I think it would make sense for someone to spend the effort to benchmark and test on various browsers. All four implementations appear to be done in different ways, which means different performance and also potentially different compatibility.

Would be bad PR if any of the reference code has significant compatibility issues. Maybe someone can offer a small bounty for this? I am about to go on the road again, so I won't be able to test this, but I am sure there are people eager to earn a bit of NXT.

I don't even know how one would test this, so maybe someone that does could post testing instructions?

James