Thanks EvilDave for sharing the infos. Unfortunately, it is not exactly what I am looking for. I am looking for something model-controller based. Not sure if this is any good to you: (Nxt Powertools, written in python) https://github.com/l8orre/nxtPwt |
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77 people holding 99% is evidence of a closely guarded secret.
Except it's not true. The initial distribution 18months ago is ancient history and probably doesn't affect the price much now. It's a bear market and everyone is selling crypto right now, and Nxt is no exception. Nxt has great tech, but it still has to make the jump where it gets widespread usage/exposure. NEM got dumped pretty hard when it launched and that wasn't supposed to happen because 'fair distribution'. Nxt's present distribution is similar to other cryptos such as litecoin, and that it's a problem is just an urban legend that keeps getting repeated. |
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I never bothered to setup the Supernet wallet and have been using the NXT Wallet. What is the best way to transfer everything over?
Thanks
You don't really need to transfer anything since superNET will use Nxt addresses. However, probably worth trying out the Jay wallet as someone above mentioned. |
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Speaking of vaporware, why do I have to go to Slack (FUCK GOOGLE) to find out WTF happened to the "mid April" Pangea Poker play-money launch? Pangea's "mid April" soft launch was announced here on BTCT and thus should be updated here, especially as the deadline has slipped.
At least tell us if nothing has been done and nothing will be done in the foreseeable future.
Pangea's main dev was ill for a few weeks. He's better now, but we need to give him a few days to get stuck back into the code to figure out a revised schedule (that's what we've been waiting for before giving an update). Good news from Pangea's point of view is that the superNET plugin system that James has implemented should make integration into superNET much easier. |
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Armis MS probably doesn't permit even the cancellation of a coin made on nxt
so no renaming is possible as far as i know but talk with longzai1988 on nxt forum
Thanks Mamamae The weird thing is I verified that it could be done before I did it, but didn't inquire how it could be done because I thought it would be straight forward. Here's the answer: Just issue the same currency code again with different parameters. If you still own all the currency units, some other conditions apply see Currency canBeDeletedBy(), the currency will be issued with the new parameters.
You can change the parameters, not the name. If you want a new name, just reissue a new MS coin. |
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I have a question, if I issue a currency (via MS) and don't select any of the 'type' boxes (Exchangeable, Controllable, Reservable, Claimable, Mintable, Non-Shuffleable,)
what 'type' of instrument will be created?
My objective is to create a currency that could be traded at a Poloniex type of exchange with no strings attached.
thanks
Any of the currencies should be easily traded at an exchange. I think you really need to understand what each type does and whether you want it or not before you start using your currency. Otherwise you are unlikely to end up with what you want. |
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Wow, it's great! I registered and wanted to buy a song but I am a little afraid of typing in my secret key. Couldn't it be solved in an other way? E. g. charging the account with some Nxt before purchasing...
Why not create a second account, put a small amount of Nxt into it and use that one whenever you don't want to use your main account? |
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After sending 98 NXT to my account I tried to update the account with a name, however the system would not accept my passphrase as it turns out somehow I was using the wrong account. I apparently was logged into this account first: NXT-UKHZ-LNEB-2F3K-3ELSH and sent funds there. After I logged out, I was logged back into this account: NXT-N74K-UZXT-RWU2-C6KSX (no money)
Do I have two accounts on my computer, did I somehow send fund to my testnet wallet? What could have happened?
Is there a way that I could change my Pass Phrase?
Is this on testnet? The thing with Nxt is that each passphrase enters a different account. So when you enter two different accounts, means that you entered a different passphrase the second time to the first. To get back to the account with 98NXT you'll need to figure out the mistake you made with your passphrase. Maybe you left a space at the end or something? |
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Your main nxt folder contains a "conf" folder. In there you will find the nxt-default.properties file.
Open it with a Text Editor.
This line: nxt.isTestnet=false
Change it to true
save the file with the name nxt.properties (so that it won't get overwritten after an update)
Better just go to the conf folder, create a new text file, call it nxt.properties, (no .txt at end). Add a line to that file: "nxt.isTestnet=true", then run Nxt and go to http://localhost:6876/(The problem with copying the whole file is you are defaulting parameters that might not be defaulted an upcoming release, thus causing problems down the line[many people have had issues with this]. nxt.properties should only contain lines where you are deliberately making changes to the configuration.) |
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I'd like to issue an asset but before doing the real thing, I was wondering if you had a "test net" type of thing I could use to practice on?
Yes, here's a public node that's running testnet: http://jnxt.org:6876/If you use the original client you can also set it to testnet yourself by changing the conf/nxt-default.properties file and change this line: nxt.isTestnet=false to nxt.isTestnet=true. Better to create a conf/nxt.properties files and set nxt.isTestnet=true to overwrite defaults. (nxt-default.properties can get overwritten by an update, so nxt.properties can store all user configurations.) |
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I heard about JeanLucPicard paper in a NXT youtube vid, after seeing the hard copy I gotta say I didn't understand the content or context.
How does that material relate to crowd funding?
Because you can set up the MS to have the properties needed for crowdfunding. So, you can create a project, set a deadline and a target amount. Users donate money toward the project, and after the deadline occurs, funds will automatically go to the project issuer if target is met, and, otherwise, be returned to the donors. Bang: Decentralized Kickstarter! (First decentalized crowdfunded project: https://nxtforum.org/monetary-system-153/(ann)-acmdy-1st-crowd-funding-ms-coin-nxt-academy-by-salsacz/)
Hmmm ... someone should def make a user friendly crowd funding guide on NXT.
There's a plugin being developed. We need to wait for Nxt1.5 but that should be here soon. |
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Any idea on when SuperNET is "officially" launching?
Don't think there'll be an official launch but rather a series of improvements as more and more features get added. There's a client (1.2b) available for download from the superNET forum but it's early days in its development. |
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Since GENESIS_BLOCK_ID = 2680262203532249785L is hardcoded in Genesis.java, I don't see how the attacker could succeed. All he could do is create a Nxt clone.
Yes I see. Thanks. In effect, the 'bootstrap number' I've been talking about, is now 'PART OF THE PROTOCOL'. Although - if the initial stake holders ever sold their private keys once those accounts were empty, or lost / hacked / QC cracked, then maybe you could cause a little heart ache.. True. But it would be a lot of work for an attacker to get these historical keys, create a new chain that seemed to have a greater cumulative difficulty, fake all the timestamps and rolling checkpoints, and then they'll only fool newcomers to the Nxt blockchain with no one to tell them which is the correct one. By the time someone attempts such at attack, there may be other protections in place. I know that Consensus Research are looking into options. |
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Haha, you burnt your old assets to prove yourself trustworthy, then immediately start selling new shares. And people are buying. Amazing!
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NXT is very well developed but my issue is the POS bag holders situation. Everyone wants to stake large amounts of NXT, yet there is little incentive to spend NXT. The alternative to NXT IMO is NEM, built from the ground up like NXT, but with PoI (Proof of Importance) algorithm oppose to Proof of Stake. NEM incentives users to regularly trade NEMs rather than hoarding and staking. Real economies are only productive if there is a circulation of money. In a NXT economy, people are incentive to hoard not spend and likely to fail as real economy. In NEM economy, users are encouraged to actively received and send NEMS to other accounts to raise the Importance to harvest more NEM, therefore has a better chance as a real economy.
Just to talk about this. There is little incentive to hoard Nxt, forging fees are very small. It's actually very hard to hold onto Nxt, because of all the assets that are traded in the Nxt asset exchange, tempting holders to invest their Nxt. Most people who follow Nxt closely have invested in various assets. These assets issuers spend the Nxt, and hopefully create a product or service that generates money, then they return the profit to assetholders in the form of Nxt dividends. This Nxt economy is going strong with the assets on the Nxt exchange having a higher market cap that Nxt itself (similar to fiat stock exchanges). In this early stage, there is much more Nxt invested in assets than returning via dividends, which is why the Nxt market cap isn't increasing despite the big community and continuous development, but when some of the projects on the Nxt asset exchange succeed, then that will change. But Nxt is one of the only alts with a flourishing fiatless economy building around it. |
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Blockchain pruning?
No, blockchain pruning is completely different. This is reducing the size of the blockchain like a zip file does to a normal file, with the difference that file doesn't have to be unzipped to access it--instead reading the blockchain data is hundreds of times faster than reading the data from a standard blockchain. |
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Supernet and NXT news just twittered something about Ram Chain technology. Anyone have any idea what this is?
It's a way of compressing the bitcoin blockchain (and other blockchains) in such a way that it is much smaller than usual and superfast to access. There will be articles, I believe, over the next week or so explaining it further. |
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From what I know Vitalik wants to go PoS, but Gavin Wood et al refuse to do anything other than PoW.
Interesting and plausible. Gavin is a wise man if so. So earlier, that Buterin had thoroughly studied the vulnerabilities and found PoS wanting made it clear to you that PoS had insufficient security. Now, when you find out that Buterin has decided that PoS is the best option (but is dissuaded by others from using it), Buterin is clearly wrong despite his thorough study. So there are probably no arguments or studies or science that could persuade you that PoS is secure, right? |
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If there is no fundamental reasons why PoW is better than PoS, then PoS will win out due to lower cost (imho).
Yet despite Bitcoin being in a death spiral of capitulation both Bitshares and Nxt have lost far more against bitcoin in the last year. Perhaps there are other factors that are far more prescient than the mining costs to secure the network? I wouldn't say far more. There are more forces at work than mining cost, certainly. Bitcoin is the big daddy of crypto and in a world of it's own in terms of price and network effect. But if you compare PoS coins versus non-bitcoin PoW coins over the last year, I'd expect PoS coins to come up on top. You understand that long range attacks have proven impossible in simulations. So if a bank buys a large chunk of coins and waits the required number of confirmations, then the previous owner cannot launch any attacks. Or am I misunderstanding your premise?
There are many different variants of PoS, and some of them are indeed susceptible to long range attacks. Stop generalizing. Well, I agree that some PoS algorithms are most likely much worse than PoW. I'm more interested in the potential of PoS, how secure it could be if best practices are followed. PoS is still growing up, Bitcoin is much further ahead in terms of protocol security. (Edited to remove something I was wrong about.) |
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I am talking about a situation where first a contract is signed where the whole bank is being sold including the stash of coins in their possession. A month later the actual change of ownership of the whole bank happens when new owner gets his personnel to take over. During that month the previous owner still has complete control of the bank but he has nothing to lose if the coins in the banks possession collapse in value. He still can transfer the 100 million coins to the new owner of the bank a month later like it says on the contract and he could not care less whether the coins have value or not.
Note that there does not have to be an actual attack. All that is needed is market to know that a big bank is changing ownership and the whole market knows that the stability of the whole economy is hanging by a thread during this month. Maybe somebody else sees this as an perfect opportunity to perform an actual attack and they also do not need to be nothing else than big nasty rumours that cause panic.
Ok, you are referring to a bank that has 10%+ of coins. This should not happen much/at all in a flourishing PoS economy. However, if this is happening, and the market knows the possible problems, the buyer can yet put specifications on his sale such as seller destroying the assets prior to the sale can invalidate the sale. |
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