Also, anyone who has yet to try Nxt can do so instantly without downloads or clients here: https://bitcointalk.org/index.php?topic=925811.0Try buying an asset on the exchange, send an encrypted message, mint/mine a Monetary System Coin (POW within POS), check out what is for sale in the ebay style Marketplace for digital goods. If you have any questions, post here or in the thread above. |
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This seems familiar...  |
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You can follow along in this thread that is dedicated just to talk about the Nxt tech and future releases: https://bitcointalk.org/index.php?topic=831202.0 There is nothing 'official' about it and is subject to change. There is no plan set in stone and has been changed (i.e. Voting and Multisig are now coming out together instead of one after the other) I have pieced it together from comments the devs give. It just gives you an idea  |
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NXT is also one of the few coins that pumpers avoid like the plague because they know they'll get dumped on. It's a pretty big warning sign that people like Wolong pumped junk coins like Earthcoin but were scared to go anywhere near NXT.
Yes, r0ach, that's just how I do it: I only trust coins were pumpers and dumpers are the top dogs. Everything else: red flag... (OMG, this made my day, really) Considering the bad coins they were putting hundreds of thousands of dollars into, but they saw NXT as too risky, yea, it is a red flag. The general public already hates the idea of buying Bitcoin because they think acquiring coins is just going to make someone else rich. Even though there's a lot of Bitcoin holders, they still think this way. What will they think about 12 or so NXT staker guys that mostly make up the entire network? You have to look at it in context that Bitcoin itself might not be dispersed enough to be a viable currency, and if you're required to purchase NXT for further distribution to happen, then it's going nowhere because people just aren't going to do it. Bitcoin was basically created as the first welfare system designed for white and asian males. Once the ASIC arrive and you're not seemingly receiving something for free, interest drops. IPO is the same difference, no interest. People will just wait for the dollar to implode and trade sea shells. Leaving aside how you determined this, it reveals more about how you think about crypto. Your thinking reveals you view the general public each having thousands to invest, browsing around looking for a place to put their money with a hope of getting rich by doing nothing. And detest the idea of their thousands being put at risk while making earlier investors richer when they cash out and leave them holding the bag. This is outmoded in context of the any crypto that aspires to be a platform for commerce. In reality, new people are likely to discover a messaging app/interesting project on the Asset Exchange/MSCoin Retail Voucher/MSCoin mining profit/Ebay style Marketplace etc. and want to give it a try. Everything is all in one place in one place so they can try more than one feature with minimal extra effort. The question they will ask themselves isn't "Am I happy that my $5 is enriching an earlier investor?"It is "Am I getting good value for the service/goods for the $5 I am putting up to make use of the platform?"And the platform will continue to grow (as Nxt consistently has) as people become aware of what it offers. If they really like Nxt, then they might put in a more significant amount. Here it is put in a better than I did: http://nxter.org/the-value-of-10-nxts/"Thus, 10 NXTs are worth 10 transaction performances or the goods and services you can get for them in exchange." |
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Ok. As I said, there is a learning curve  I am still learning, the whole concept is only 3 weeks old. With buying/selling MSCoins, you first decide if you want to be a marketmaker or ordinary buyer/seller. You are the second. Only those who are marketmakers can put up orders that are visible, as you can in a traditional exchange (which Enzyme/Tempest has just gone through for his/her uranium MSCoin). The difference is, Marketmakers have to display a buy and a sell price. If you are a ordinary buyer/seller, you have to sell/buy into the marketmakers orders that are visible otherwise they won't get filled ("executed immediately... or not at all"). You only have to put up either buy or sell, not both (unlike the marketmakers). Your MSCoins will become available again, once the order expires or you submit another that replaces it with a very short expiry time. Marketmakers are important as they don't rely on making money by trying to buy at the bottom and sell at the top (this is what everyone else is doing). They just make the spread between their buy and sell orders in step with whatever the price does (at least good market makers do ) . This "makes a market" as there should be some buy and sell orders no matter what the price is doing. Rather than no buyers at all time highs and no sellers at all time lows. Most MSCoins would be certainly doomed without this (most MSCoins are likely to 'fail', if becoming the mainstream currency of the world). But it doesn't mean lessons won't be learned. If you want to look into it further, there is the official documentation from the Core Dev available: https://nxtforum.org/monetary-system-153/ms-official-documentation. The wiki is a good place to start. |
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OK, but if it is not fulfilled, should the offer not be listed in the Exchange booth?
Booth doesn't have a order book. If it wasn't fulfilled at the time then you should still have the EGOLD. But there is an order book - right there in the exchange booth. My order is just not there. There are several orders, lower and higher then mine. Still, it's probably me... But I really think I lost 750 EGOLD. See the official MS documentation "Buyers and sellers can issue exchange requests to match published exchange offers. Unlike asset bid/ask orders, exchange requests are not saved, they are either executed immediately (fully or partially) or not executed at all." So if it doesn't match a published order, it will remain unexecuted. To 'cancel' the order you currently have: "you should make a new exchange offer and set it so it expires really quick then you will have all your balance back in your account." |
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OK, but if it is not fulfilled, should the offer not be listed in the Exchange booth?
Booth doesn't have a order book. If it wasn't fulfilled at the time then you should still have the EGOLD. But there is an order book - right there in the exchange booth. My order is just not there. There are several orders, lower and higher then mine. Still, it's probably me... But I really think I lost 750 EGOLD. Can you confirm NXT-9QU7-NDSL-ZDMV-52JF5 is your account? Dev is looking into it. |
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As topic says, opportunities for CPU and GPU miners... Well, GPU is questionable, but CPU is a big mistake, Intel i5 3570 makes less than 1 mhash/s all 4 cores total VS 200+mhash/s 7970/280x. So, it is not for CPU miners  (( Even with the regular miner, I don't see it as questionable profit. CPU - surely not, but someone could make a CPU MSCoin - the topic is speaking of all MSCoins, not just EGOLD. Good point, I'll bump my earlier post for all POW MScoins *** I just did a bit of quick research on Nxt Monetary System (MS). There are currently just under 1680 MScoins created  Of course, not all are mintable (this is only one use case of MS). I have made a list of all the minatable coins, the oldest first. There are 42: MYBTC MSBTC NEWEU DOGES ELEMSEGOLDXNBTCISPA SLVER LUMUS GROUP MIXIT ZZZZZ MMMMM SILVR XNEMDOLLR HONEY NINJA WARTS FORKKPRISM XTIM XNBTX EMUSK ALPIN PLATI BCAPS WSAPP STNLC NMAUAASTKN DAILY SYSCO TXNCB NTBCX INFIN TSTGS BEMB DOBIS GEEKS THOTH The BOLDED ones have [ANN] threads in https://nxtforum.org/monetary-system-153 so I would start there, if you are looking for a new coin. ***
If you have an idea for a additional parameter (i.e. CPU only, if it possible) then it can be added to Monetary System. If it is possible and useful use case, the devs woll add it. Would really like to see some CPU only mintable coin. Something is in the works; https://nxtforum.org/monetary-system/is-it-possible-to-create-a-parameter-to-have-cpu-only-mscoins/msg158037/#msg158037 Might even be botnet resistant... |
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OK, but if it is not fulfilled, should the offer not be listed in the Exchange booth?
Booth doesn't have a order book. If it wasn't fulfilled at the time then you should still have the EGOLD. |
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OP updated, rather than Voting System in version 1.5 and 2-Phased Transactions in v1.6.. ... they will both be in the next release, v1.5 Last news: 1. Overbusy with all the stuff I'm working on at the moment. So sorry for long replies / low public activity. 2. Jean-Luc & me are working on 1.5.0e polishing + 2 devs(jones/holgerd77) are working on UI. So yeah it will include voting system & two-phased transactions 
3. After 1.5.0e I plan to switch to bugfixing / performance for a while, and also research. 4. ConsensusResearch is going to finish current simulation / theoretical work and going to practical experimental implementation with Scorex, weekends project of mine. 5. Scorex ultra-compact & intentionally not-production-ready cryptocurrency. Started from Qora source code(24K lines of Java code) it will have 6-7K lines of Scala code, no native libs, Curve25519 for signing/verification, json API, command line client. Will be opensourced in February, initial ultracompact release will be named "Lagonaki". If you want to make experiments with a cryptocurrency, start with Lagonaki Then we'll add multibranching forging and test it in real life. Kushti is implementing a test of changes to forging based on his POS research group's (ConsensusResearch) findings in point 5. Further details are scarce at the moment. |
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"NXT is probably my favorite alt. Love the decentralized asset exchange." I think this should go in the thread title |
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Hmz not miniting has slowed down to about 2000 EGOLD/day @ 155 Mh. [edit] Updating the driver for 7970 to 14.1 increased speed to 220 MH.
Question: if you make a typo in the passfrase when you sell EGOLD, does that EGOLD go to another address? It seems some of my EGOLD went to the 5th dimension.
If you make a typo in your passphrase when authorising a transaction, it will get rejected. Make a typo in the account ID, and it will go to the 5th dimension. Check again? Do you have a transaction ID? OK, then it went to the 5h dimension in some other way... TID is 6608195740606986013 in block 16381661902089743729. Looks like the EGOLD was never exchanged for NXT but I can't see the offer in the Exchange booth. But it's probably just me being new with this, it's not possible for stuff to go to the 5th dimension when you're using blockchain technology =) Yanakitu Tenatako, Current difficulty is listed in bold at the top of the GUI of Nxt Mint. Seems the transaction has no recipient (or not displayed in the blockchain explorer I'm using). I have passed it to the Core Dev to take a look at. First reply, This kind of transactions do not have recipients. He posted a sell request and it is either fullfilled or not. In first case he should get NXT.
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As topic says, opportunities for CPU and GPU miners... Well, GPU is questionable, but CPU is a big mistake, Intel i5 3570 makes less than 1 mhash/s all 4 cores total VS 200+mhash/s 7970/280x. So, it is not for CPU miners (( Even with the regular miner, I don't see it as questionable profit. CPU - surely not, but someone could make a CPU MSCoin - the topic is speaking of all MSCoins, not just EGOLD. Good point, I'll bump my earlier post for all POW MScoins *** I just did a bit of quick research on Nxt Monetary System (MS). There are currently just under 1680 MScoins created Of course, not all are mintable (this is only one use case of MS). I have made a list of all the minatable coins, the oldest first. There are 42: MYBTC MSBTC NEWEU DOGES ELEMSEGOLDXNBTCISPA SLVER LUMUS GROUP MIXIT ZZZZZ MMMMM SILVR XNEMDOLLR HONEY NINJA WARTS FORKKPRISM XTIM XNBTX EMUSK ALPIN PLATI BCAPS WSAPP STNLC NMAUAASTKN DAILY SYSCO TXNCB NTBCX INFIN TSTGS BEMB DOBIS GEEKS THOTH The BOLDED ones have [ANN] threads in https://nxtforum.org/monetary-system-153 so I would start there, if you are looking for a new coin. ***
If you have an idea for a additional parameter (i.e. CPU only, if it possible) then it can be added to Monetary System. If it is possible and useful use case, the devs woll add it. |
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As topic says, opportunities for CPU and GPU miners... Well, GPU is questionable, but CPU is a big mistake, Intel i5 3570 makes less than 1 mhash/s all 4 cores total VS 200+mhash/s 7970/280x. So, it is not for CPU miners (( I've asked someone more experienced, in case there is a way of getting CPU's up an running economically. If you're right, I'll change the thread title. When MS launched, there were no stable GPU minters. So it was true at the time but maybe not now. |
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Hmz not miniting has slowed down to about 2000 EGOLD/day @ 155 Mh. [edit] Updating the driver for 7970 to 14.1 increased speed to 220 MH.
Question: if you make a typo in the passfrase when you sell EGOLD, does that EGOLD go to another address? It seems some of my EGOLD went to the 5th dimension.
If you make a typo in your passphrase when authorising a transaction, it will get rejected. Make a typo in the account ID, and it will go to the 5th dimension. Check again? Do you have a transaction ID? OK, then it went to the 5h dimension in some other way... TID is 6608195740606986013 in block 16381661902089743729. Looks like the EGOLD was never exchanged for NXT but I can't see the offer in the Exchange booth. But it's probably just me being new with this, it's not possible for stuff to go to the 5th dimension when you're using blockchain technology =) Yanakitu Tenatako, Current difficulty is listed in bold at the top of the GUI of Nxt Mint. Seems the transaction has no recipient (or not displayed in the blockchain explorer I'm using). I have passed it to the Core Dev to take a look at. |
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Erik Voorhees recently replied on Twitter that "NXT is probably my favorite alt. Love the decentrailzed asset exchange." Nice one! |
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