I just want to say it obvious James is a high quality person, and somebody NXT really needs at this moment in its development. The NXT community has been blessed with many talented people, as we  can all readily see from the events of the last few days and weeks, but James has a focus on areas that can take NXT into the arena of serious professional investors. That is where NXT belongs.

I have appreciated his support for my idea of the community forging fund as a long-term revenue raising mechanism for NXT, and I hope we will see his input in the future.

Thanks utopianfuture, I appreciate your comment! I too am looking to avoid wasteful spending and maximise NXT potential! I feel confident in the collective inteligence of NXT users at this moment in time. We can make NXT work!

My suggestion is for big stake holders to pool their holding together (separate accounts but all donating to the same fund).

I'll summarise my position very specifically - i've got about 4% now - I sell down down at a steady rate to about 1%, and I add the bulk of remaining 1% to a the 'community forging fund' for communal funding efforts. Obviously if other big stake holders don't join in the forging would be slightly under 1% - but that's of all transactions on the network. If others joined me, it could be 5-10% - OF ALL TRANSACTION FEES GOING BACK INTO DEVELOPMENT - that would fund a lot of good things. We could have a budget and actually plan things (a little, I know decentralisation is king)

So my personal plan is this

1- steady dispersal of 3% of my 4% of NXT supply to other people in a calm and measured way (and I make money and feel good)
2- 1% is forging 24/7 for community funding - more if others join me (everyone feels good)


Criticise what I'm suggesting, but first understand my position. Ask questions. Don't assume.

I plan to do this tomorrow. I just need to catch up on how (c-f-b did it for me originally but I've changed accounts since then, and I'm not in-front of a PC all day). I know it is a good thing to do!!

But who should I donate my couple of hundred k too? I know that sometimes the smartest guy in the room says the least, and the loudest guy is actually full of shit. Why don't we try and setup a group consensus first to co-ordinate things a little. I want a decentralised NXT, but in this critical phase why not try and have a loose structure to maximise the bang for our NXT buck. I know I'm not the guy to decide who should get some community funding, so I want to donate through a consensus of people who have shown they are smart and capable. I saw the list of people posting in this thread. I vote for quality, not quantity. Who are the really smart people with good ideas? They decide where my NXT goes.

Why don't you read what I said? I'm suggesting all large holders of NXT, like myself, pool a big wad of NXT together and donate ALL the forged NXT to community activities that further all out interests FOR MANY YEARS.

This is my message to the NXT community - read & think before you comment and act.

Rather than set myself up as a 'leader' of NXT on the basis that I got lucky and sent BcNext 1 bitcoin, I'm advocating trying to be smart about things. I can see there are much better people than me to co-ordinate the distribution of any contribution I can make. I can also see that donating to random people who ask is not the best way to go. Some of them might have big voices but small minds, and lack talent and good ideas. Some might be scam merchants.

I revealed myself as having a big stake  - maybe that was unwise.

I'm suggesting that  decisions on how to spend any donated NXT be made by the best and brightest in the NXT community - to avoid donating NXT to people who post negative comments without reading and thinking first.

I'm looking for a structure to support NXT for years, not a few random acts to the loudest voices.

I want to support smart people. Does your comment to my post about setting up a forging trust account suggest you are smart? I just offered to support the NXT community for many years, and you replied "as you seems too poor to fund activity of NXT supporters or too busy watching your balance growing" Then you make a joking reference about hacking my account to donate it to a NXT faucet, presumably because I'm not donating enough.

I'm not taking it personally (you don't know me), but I'm suggesting you need to consider your approach if you want my support . I expect that you would read and think before posting a reply.

Thank you for taking the time to actually read and think about what i have said!

Thanks for spelling this out!! The fear of being hacked has stopped me forging now. I asked a question along these lines a couple of days ago on a related theme but haven't had a response yet (I know everyone on the dev side is super busy now) - My question is, is it possible to detect the location and status of unlocked accounts on other nodes? If it is, then forging with a large account is too risky IMO.

https://bitcointalk.org/index.php?topic=345619.msg4182386#msg4182386


I have a large account balance, and the other day I noticed a few separate transactions in my history where unknown users to me had sent 1 NXT amounts to my account. I hadn't noticed them before, as the only difference between a forged NXT and a sent NXT is the small icon next to the transaction number.

I suspect someone was experimenting with trying to identify the location of accounts with large balances on the network. I don't have much experience with these things, but I suspect there could be ways of analysing transaction logs and other data sources to try and determine the IP address, or identity/location of an open account.

My account number is one of the accounts on the block explorer page of top accounts, so I think someone was searching for the location & account status of big accounts.

That said, I have done some thinking, and I would like to explore the possibility of using my account to forge NXT for community activities like faucets, promotion, and bounties. I would retain full ownership of the account, but I would be happy for all the forging revenue to go into funding community activities.

My intention would be to help create a consistent revenue stream to help fund worthwhile activities. I have enough NXT, but I don't have the time or skills to contribute much to all the good things going on at the moment. I am also not interested in choosing worthwhile people and projects myself. I have too many commitments (work & family), and I'm finding it too hard to keep up with all the reading required to be an active, and informed, participant. I can see that there are others in the NXT community with time, passion and skills. I want to help supply those people with a small, but consistent revenue stream.

I am prepared to investigate this, but I think the hacking threat of forging with a known account is too great at the moment. Once this risk is eliminated (if it can be) my account could forge 24/7. That would be 1-4% of the NXT supply, depending on how much more NXT I sell. If other big stake holders contributed we could create a semi-permanent funding source to help NXT in these formative years.

But the security situation has to be 100% water tight.

If a tree got "active" in the forrest, and utopianfuture wasn't around to see it, did the tree really get active?

I still don't see what your point is. I'm active dude! You need to be 'visible' because you want to be a player, but you don't have a huge stake, so you need to build public connections and community kudos. I totally respect that strategy. Please respect mine!

"hiding behind the annonimity" - good one 'utopianfuture'. What's your name? Oh, that's right, you're hiding behind the anonymity too, like about 99% of the freaks on this forum.

I'm done!

I really like James' idea with this one. It would create a good buzz!

Ok, I will need to look into that some more, but I'm interested to help you. C-F-B actually setup my original VPS, and since the ddos attack I took the hallmark off as I thought that was the best advice.

I've also changed accounts to strengthen my password, so I'd have to redo the hallmark (which c-f-b did for me). I do have security concerns about unlocking a large account though (is that visible to other nodes?) I know hallmark is separate from unlocked/forging account, but before I get too heavily into things I want to know the security landscape a bit better.

I posted this yesterday but nobody answered so far.

https://bitcointalk.org/index.php?topic=345619.msg4182386#msg4182386

Your first words to me were.

You know nothing about me, and yet your first comment was basically

"wow, I'm speechless, I just read aldrin's post - where does that guy get off - all he's doing is selling his NXT and he wants a medal! GET ACTIVE ASSHOLE, like me (utopianfuture). NXT wont survive unless you're visible, like me (utopianfuture)"

You're the angry one! I feel great!!

edit: and I'm active, and will be in the future, so you're original assumption is false, and your tone was rude (but I'm not angry)

I'm running 2 nodes, I'm reading A LOT of NXT forum threads trying to learn how to setup nodes on Ubuntu VPS's - that's a huge leap for me requiring many hours. I'm keeping up with what's going on by reading the volumes of posts in the various NXT forums - that's many hours too.

I'm not Richard Branson with a private jet and personal staff. Maybe I'm a sick old lady in hospital with a bad back - you don't know enough about me to judge the merits of my activity levels.

BCNext doesn't expect anything from me - it's you!!

I'm not able to contribute to technology discussions (but I'm reading every word many many times), and marketing/promotional stuff is not something I can help with (life circumstances prevent that). You seem to be saying I'm not pulling my weight to help NXT, but you don't know anything about me.

I think you do envy me, and it's making you behave rudely towards me

I contributed back in september when I started following NXT, and I've read every forum post since, and I've learnt a lot.

What's the elephant in the room?

I've got a big stake and I should be donating lots to help NXT

How do you know I'm not?

What are you doing for NXT and why? I know what I've done, I know what I'm doing, and it's very early days.

You don't know what to say because you don't know anything about me - my age, my skill level, my life commitments, my domestic circumstances. You don't know what I'm doing to help NXT, but it sounds like you have made some assumptions, and some judgments too.

I offered some feedback relevant to genuine concerns people have raised about big stake holders hoarding, and the damage it would do to NXT.

I have a larger stake, and I agree with your point. I've been consistently selling on the dgex exchange since the beginning, and I've sold about 8 million NXT so far. I'll continue to sell on dgex, and if other exchanges open I'll sell there also. I've started to sell on ripple too. I'll keep selling at a consistent rate until at least 60-70% of my stake is gone.

Hoarding makes no sense. Obviously some big stake holders would prefer others to sell down first, so they can wait and see if they become a billionaire, but for me it's best to hedge my bets and cash out in a steady stream just in case NXT fails. I think I understand the economics of NXT pretty well, and I know my good fortune will not last long if I don't do my bit to spread the NXT around. I would say by now most of the large stake holders can see the obvious thing to do is sell at a consistent rate, leaving yourself a good sized holding (my goal is 0.25% - 1% of the NXT supply once everything settles down). I started with over 4.5%, so I think my plan is balanced, and realistic.

As for the fairness of the initial distribution, I can see why people might have a problem with that. I feel very very fortunate to have done so well out of NXT, but it wasn't luck. I took a huge risk that a complete stranger would not take my bitcoin and disappear, and my risk paid off - but it was a huge risk, with a relatively small amount.

A stranger stands up in a public place and starts speaking - he's very odd and has a 'big idea' - do you give him $130 and watch him walk out the door? He's already told you he's using a false name and will keep his identity secret. That's essentially what the initial investors did.

Why did I do it? Because I'd been trawling over crypto related forums for over a year looking for the cool stuff. Everything looked like a crazy copy-cat coin based on scams and greed, and there didn't seem to be any skill or vision in 90% of the non-bitcoin coins that were being released. The only interesting crypto/math currency systems I could see were Mastercoin, Ripple, eMunie and NXT. I've taken a position in all of those coins.

IMO all the other crypto coins live or die based on the hype around bitcoin. Obviously Mastercoin needs bitcoin to survive, but Ripple & eMunie & NXT can thrive even if bitcoin tanks. I do think Sunny King has contributed a lot of good stuff also. All the rest are clones, even the well thought out ones (CGB, Quark, maybe a few others). I want to be an investor in something good, not a gambler, or a speculator.

BCnext has so far done everything he said he would, but when I sent off my bitcoin he was just a very odd sounding guy with a small number of forum posts, and  a vague description of a POS coin. My good fortune was 1 bitcoin was only worth $130 the day I sent it in, so it was within my comfort zone. If it was today I would not send 1 bitcoin ($750 USD) to an odd sounding stranger.

I think c-f-b might be Yoda.

question - is there a way for other users of the NXT network to see what accounts are unlocked and forging on other nodes? Is there an API for this, or could this be deduced from looking at transactions on the block explorer for example. Does the answer depend on a things like hallmarking, fixed IP vs variable, the PC NXT is running on (OS, antivirus, firewall etc). I'm trying to assess the risks of being hacked while forging.

I saw earlier today someone reported losing NXT from an account. If it's possible to see what accounts are open on what nodes, then a hacker could see who has a big balance and target them. Is this a likely scenario?

Same for me. Not a single success out of many many transactions.

All show in my unconfirmed transactions as "{"errorCode":5,"errorDescription":"Unknown alias"}"

I sent commands like this from the address bar:
https://localhost:7875/nxt?requestType=assignAlias&secretPhrase=secretphrase&alias=google&uri=http://google.com&fee=100&deadline=15

Most times I got a message like "{"transaction":"7157362693752402788"}" back, so I thought they were going through OK. A few times I got a message saying the alias was already taken.


Was my command incorrect?

Support for regular expressions would be great, thanks!!

Does the alloweduserhost parameter in web.xml accept wildcards? (i.e. can we add a range of IP's - eg 203.16.2.*)

PM sent, thanks c-f-b