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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: July 29, 2014, 01:06:28 AM

I know, in that case encryption algorithm in white paper is wrong. Nxt never implemented that version. It was changed to ECDH for key exchange and AES for encryption,



Please supply me with correct information, since I do not have access to the beta code.  I will correct the whitepaper.

2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: July 06, 2014, 04:01:31 AM
A complete overhaul of the Nxt Whitepaper has been put together and is ready for review and comment:

https://docs.google.com/document/d/1BWVPUsyS6G4gIyPXNO_XFoszhzP6jJRGe8t--RtpMkY/edit?usp=sharing

Google Drive will allow comments and suggested edits within the doc itself.

My aim is to have it finished and published by the end of July, at the very latest.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: June 20, 2014, 06:09:49 PM
The NXT forging algorithm is a complete fraud.

-bm


Takes one to know one.

When will you return the 1 million Nxt worth of assets you were given to deliver a product for which you did not write a single line of code, Josh?
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: June 20, 2014, 06:08:43 PM

That has nothing to do with mining on multiple chains at once.

Please explain how, precisely, you would forge on multiple Nxt chains at once.  How would you:

1) set up multiple network nodes, with at least some stake forging on each, and keep them from getting blacklisted for bad behaviour
2) learn enough about network topology in real time to understand which forks are being processed on each of your non-blacklisted nodes -- or, better yet, predict which forks will operate on those non-blacklisted nodes
3) successfully exercise enough stake on those forks (hint: you can't move your stake from one account to another, because it won't forge until it's been in that account for 1440 blocks) to be able to forcibly forge enough blocks to create the longest chain, before any one of the other forks (being processed by a much larger proportion of total stake) outperforms you (hint: you've got about 100 seconds to do it, in competition with all of the other active accounts on the whole network, assuming all previous questions have been successfully met and verified, and then you have to start all over from step 1)

I'll wait.

You're also welcome to follow the old debate (and chime in) on our forum, here: https://nxtforum.org/general-discussion/some-thoughts-on-arguments-of-pow-guys/
5  Alternate cryptocurrencies / Altcoin Discussion / Re: [NXT] Why is trading volume so low? on: June 14, 2014, 07:59:53 PM
Why is trading volume so low?

Define "low"! Coinmarketcap lists Nxt's volume as 9th in rank... higher than Peercoin, Namecoin, Counterparty, Mastercoin, and countless others.

Bitcoin amounts to 84% of all crypto trading volume; Litecoin is next at less than 8%; and EVERYONE else is under 1%.

Personally, I think the low volume is due to the exchanges on which Nxt is listed.  We are not on BTC-e, Mintpal, Bitfinex, Bittrex, or Kraken.  And the reason we are not on those exchanges is because the Nxt software cannot -- like any other QT-wallet altcoin -- be added with a few minutes of work.  Exchanges like Vault of Satoshi have said they'll implement Nxt, and have balked after realizing it's not just another alt.

One of the most key developments in Nxt which is NOT getting enough attention is the "adaptor" for the Bitcoin API: a piece of software that translates Nxt's interface to one that looks more like those used by Bitcoin and other alts.  Once this work is complete, all of the high-volume exchanges that have been ignoring Nxt will have an opportunity to implement it more easily.

Progress on the "Bitcoin adaptor" can be followed here: https://nxtforum.org/general/adaptor-for-legacy-bitcoin-protocols
6  Alternate cryptocurrencies / Altcoin Discussion / Re: [Open Letter] Enough. Altcoin exchanges have to be public or die. on: June 08, 2014, 05:31:03 PM
No discussion yet of DECENTRALIZED exchanges?

The Nxt Asset Exchange can never run away with your money because nobody controls the exchange.

It's not perfect, of course: we're still waiting for features that help broker trades between blockchains (so you can trade other cryptos trustlessly) but these are in the works.

http://Http://Nxt.org
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: April 30, 2014, 06:04:24 PM
SO happy to see a new thread on Bitcointalk -- especially one with such a gorgeous OP!
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: April 11, 2014, 02:23:12 PM
Nobody gives a damn about nxt outside the crypto currency scene (do you agree that a lot of people share this delusion that it is otherwise in this community? )

I totally agree here, and feel this has to be taken into account when considering marketing efforts.

Yes mastercoin failed at converting customers, delivering a satisfactory product and worse : they have left a bad taste with investors and potential users in crypto land…But they did drive massive amounts of traffic and interests..this is what I am getting at.

What good does any marketing do Nxt if it drives huge amounts of traffic and interest that all lead to a "bad taste with investors and potential users in crypto land"?  You agree, then, that the Mastercoin example illustrates my point.  Don't even get me started on eMunie.

We know that weslyh user friendly client isn't going to be ready till the asset exchange launch and I am not advocating a campaign to direct users to a dead-end…what I am proposing is a specially designed and incentivized, ready-set campaign towards businesses who will use the asset exchange for fundraising…our clients are not perfect, Are we going to wait till the day of the asset exchange launch to come up with the right marketing strategy?Huh

I think you're not aware of what's happening behind the scenes.  Work is in progress on these things *now*.


These line of work and education should be the BASICS!!!!!!!  they are necessary, but they are not be the reliant strategy which would catapult NXT out to the stratosphere…

What does "Nxt out to the stratosphere" mean to you?  It's a genuine question.  Help me understand your goals by defining for me what your vision of success looks like.

The point is each one of these businesses would be an individual marketing powerhouse pointing users/investors in the direction of the nxt client to access/invest/interact with the company financially. Therefore as each business grows NXT flourishes and you will have thousands of autonomous marketing agents pushing nxt indirectly to new users…

Fine.  What do those businesses get out of the deal?  How much work to they need to put in?  What is their ROI?  And once you have all that figured out, how does it compare to other possible channels?

If Nxt incentivizes a business to "get them on board", and there is no return for that business as a result, how is that any different than the kind of marketing we now both agree is BAD -- i.e. making promises on which you cannot deliver?

It's TOO EARLY for all of this, Ola.  I do take your point that we need to be planning ahead... but I also insist that this is happening, in the background, on many fronts, so that we WILL be ready when features are ready.

Now understand this, nobody outside of crypto gives a damn about nxt or bitcoin…But they sure do know an investment opportunity when they see one and they would go throughout the hoops to find a way (weslyhs client) to invest in a certain company if they think investing will bring them X amounts in profits….so which is better?

Let's see if I follow your logic:
- nobody gives a damn about Nxt or Bitcoin
- Nxt and Bitcoin are not investment opportunities, otherwise people would care about them
- people do give a damn about things that bring them profits (i.e. good invesment opportunities)
- so your point is.... Huh?  I'm lost

It sounds more and more like we absolutely agree on all fronts, Ola.

finding out that they could potentially make X% returns by using a certain client ( bitcoin=>nxt wesleyh client) to buy company shares, in which the company itself was the initiator of the investment opportunity, which is an easier process?Huh??

Oh!  This is a lovely feature of Nxt!  Tell me: how does it work?  WHat is that X you refer to?  Where is the demo of this thing?  What are the features?  When will it be out?  How can I invest?  Who do I talk to?  Do these people have real names or are you asking me to invest millions of dollars into a crypto being developed out of an Internet forum by people named after Star Trek characters?  

Sounds great! When can I start?

How can we market something that does not exist yet, is not yet fully designed, has no complete development plan, and no accountable delivery dates?  How is that that you are not understanding these fundamentals?

Look at Jean-Luc's road map.  The key message is that we need DEVELOPERS.  Without that, nothing can be built, on any timeline, EVER.

IMHO, marketing needs to assist *right now* with helping to locate developer help.  That is Priority One.

I will do a write up of the strategy by the end of this weekend and post to the nxtforum, I will also include a bounty proposal for this person as well as incentive bounties for potential businesses with realistic scalable business models  and marketing plans.

I can't wait to see it!  I'll start making the popcorn.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: April 10, 2014, 08:06:40 PM
Well since their tasks are limited to fund management, I think we need another hand or group who will take suggestions or come up with long term targeted strategies for marketing and then execute..

I agree.  What role can you play in this initiative?

I am suggesting this from an experience perspective and what is likely to work, case in point Mastercoin: they barely had a functioning prototype, but they were able to come up with a marketing strategy, hire professional marketing agency to get through to the right channels... I would say their campaigns has been widely successful even though 8 months later they are yet to have complete dec exchange

Mastercoin's "marketing" writes cheques for Mastercoin that Mastercoin could not (and still can not) cash, and now Mastercoin is paying a price (in loss of interest, missed expectations, etc.).  I don't think Nxt needs to go down that route.  We already are, anyway, by promoting many features that are not yet finished, or even fully designed.

Any marketing plan that may be developed for Nxt MUST depend on plans that are already in place for technical development.  We will succeed by marketing what exists; not that which cannot accountably be delivered.

The other "scapegoat issue" here is that Nxt is riding on Bitcoin's coattails, and Bitcoin is riding on a very limited level of awareness in the global community.  Take 7billion people in the world, and then assume (under the best possible circumstances) that a few hundred thousand people actually understand and use Bitcoin (there are millions of addresses in use, but it's impossible to calculate a number of users from that figure.  Anecdotally: I work in a dedicated high-tech IT environment, and almost NOBODY knows anything beyond "Bitcoin is some kind of internet money, right?").  Any digital currency aside from Bitcoin has its "audience pool" limited to people who already understand and appreciate the principles of cryptocurrency.  

Right off the bat, the "reach" of Nxt is VERY small.  In order to increase it, we have to join the fight that Bitcoin is waging, which is educating the general public on  the principles and benefits of cryptocurrencies and cryptoplatforms.

So what does that leave?  IMHO:
- communicating Nxt's features to the existing crypto community for the purpose of:
     - attracting developers and testers to assist with existing activity
     - increasing adoption of existing (live, not testnet) features
     - providing alternative platforms for "Bitcoin 2.0" development

We can't promote a new client until we have a new client.  Offspring is the only one I would be proud to promote right now as a "ready to go" client.  I would also proudly promote wesley's client WITH the caveat that it's still in development AND operating on a testnet -- but that fact alone is enough to make people want to wait.  The only thing worse than a lack of "call to action" is a call to action that does not deliver ("come and try this new feature! .... but download this first... and then log into a test network.. and then register on this forum and ask for test coins.... and then don't be surprised when the testnet is reset and your coins disappear... and also watch out for bugs..." etc.)

Maybe someone with the free time, experience and drive can at least do something.

Find that someone, and we can begin.  Otherwise it's just an endless game of blame and scapegoating.

The PROBLEM is lack of dedicated resources.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: April 10, 2014, 06:05:24 PM
I suggested a plan of action a while back, I guess non of the marketing committee members thought it was a valid solution. Theres is a clear difference between strategy and tact

There's also a clear difference between what everyone thinks the marketing committee should be doing, and what it's actually tasked with doing.  

The committees (all three of them) were elected to manage funds.  That's it.  Collective memory is fuzzy in this regard, which is unfortunate.

All of the committees, in their own way, are moving past their mandate, under their own initiatives, to architect bounties and other means of spurring development in many areas related to Nxt.  The committees are NOT – contrary to many views – tasked with doing the work.

The Marketing Committee exists to help YOU create marketing. Here is our voting procedure, and here is where you can submit your proposal for funding.  I wholeheartedly encourage you to apply, since we have a bunch of Nxt to give away and not many people asking for it.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 30, 2014, 07:36:02 AM

Here, Adam Levine says he's tried Mastercoin, Counterparty, and Nxt AE and has decided Counterparty is furthest ahead.  He goes on to talk about the controversy related to MC and XCP building on top of the Bitcoin blockchain.

I fear that people will take the statement about XCP being ahead to indicate a failure.... but I don't see it that way.  LTBCoin needs to be able to do some things that Nxt AE does not support in the core (he's mentioned dividends, contracts, and a few other ideas), and I think this is the source of the assessment.

In an email to Adam that I sent last week, I pointed out that that Nxt AT is the engine through which all of those other things will be made possible for Nxt.

Interestingly, he also talks about Counterparty building their platform on top of Florin Coin, because of that coin's block generation time (40 seconds) and ability to handle 528 bytes of data in transaction messages.  Seems to me that a BETTER fit would be Nxt, with 1000 bytes of data available per message...
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 29, 2014, 06:32:22 PM
Hey folks,

I could use some testNxt at account 12008119612428572143  (also known as BPHH-7BRM-Q7KK-CBDBF)

Thanks!
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin -What is the difference between Ethereum & NXT? on: March 28, 2014, 05:48:52 PM

I'm SHOCKED the bunny didn't work!! Wink
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 07:44:24 PM

I asked if I can use asset  exchange to buy a commodity like pot, and someone said no. A bitcoin is a commodity.

By the way, this isn't trustless as I will have to trust bitstamp that they will send me real bitcoin if I buy their asset.


The person who said no is not correct. Anon136, as an example, is planning to use the AE to sell silver bullion.

The AE alone does NOT solve the trust issue, but other things might: multi sig transactions, escrow via Nxt AT agent, etc.
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 07:10:43 PM
Is there a reason we can't just have transaction fees market-driven? Let the forgers decide what fee is acceptable. Why impose "price controls?"

I'm adding it right now.

This makes me happy. It would be awesome for fee determination to be algorithmic somehow!
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 21, 2014, 10:53:54 PM
ethereum - for example here: http://bitcoinexpo.ca/ they have 3 speakers, that would be fine, but they are also Platinum sponsors - they paid $35,000 for sponsoring this one small event..

You forget to mention that Anthony Di Iorio -- the man who is helping to co-ordinate Bitcoin Expo -- is an Ethereum co-founder, and also operates the bitcoind space in downtown Toronto where Ethereum's main office is.

And you wonder why they don't want Nxt at Bitcoin Expo?

Talk about conflict of interest. They have expressed that Nxt is not wanted there?

It's not a conflict of interest at all, I don't think.  Anthony Di Iorio is a very influential and articulate member of the Bitcoin community, and the founder of the Bitcoin Alliance of Canada.  He is also involved with kryptokit and many other projects in incubation.  I'm a fan of his.

Bitcoin Expo has not expressly excluded Nxt or any other altcoin.  It just appears that the conference is heavily focused on leveraging Bitcoin for community involvement and next-generation applications.  The only way we could represent Nxt there would be to become a sponsor -- it's the only way they allow the distribution of ANY material -- and that cost is prohibitive, IMHO.  I think we can be more effective in other ways.

TL;DR: I don't mean to imply that they're anti-Nxt.  I have no evidence that this is the case.
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 21, 2014, 10:47:28 PM
We need guys in the marketing of Nxt who are native english speakers. I really appreciate the work of salsacz, but in some of his writinigs he uses phrases that can be misinterpreted or that are simply not appropriate.
We also need speakers for Nxt. Speakers with technical background who are able to represent Nxt in videos, interviews, people like rickyjames and Anon. But more of them, and also ones who are ready to travel to conferences.

I am in talks with the Vienna Bitcoin Conference guys, they already offered me to talk about Nxt, which is great, but I won´t be able to tell them more about it, than how cool it´s features are, because I have no clue about the cryptographical, mathematical or coding aspects. So here, for example, I would need someone to get with me on the stage and take over where it is getting more techy.

I can do all of this.  On top of my career as a professional actor (and the implied comfort with media work that comes with such employment), I have an engineering degree.  I understand Nxt quite well, and have been here since the first week of December.  I'm not a computer scientist or a cryptographer, but I know enough to represent Nxt very well.

I've decided NOT to head to Bitcoin Expo in Toronto due to its Bitcoin-centric content.  But I'm happy to speak to anyone about Nxt.  
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 21, 2014, 10:44:08 PM
Coinsumm.it Public Relations would like to know who I would like to interview. What does the Nxt community think? Should I interview Vitalik Buterin or Anthony Di Iorio of Ethereum or should I interview Kashmir Hill of Forbes or Shakil Khan of CoinDesk?

If you're interested in tech details, interview Vitalik.  If you're interested in Ethereum's philosophy and plans, interview Anthony.
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 21, 2014, 10:42:35 PM
ethereum - for example here: http://bitcoinexpo.ca/ they have 3 speakers, that would be fine, but they are also Platinum sponsors - they paid $35,000 for sponsoring this one small event..

You forget to mention that Anthony Di Iorio -- the man who is helping to co-ordinate Bitcoin Expo -- is an Ethereum co-founder, and also operates the bitcoind space in downtown Toronto where Ethereum's main office is.

And you wonder why they don't want Nxt at Bitcoin Expo?  <-- EDIT: Removed. Statement is misleading and inappropriate.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 21, 2014, 08:11:26 PM
Organisation in the french community

Avis à toute la communauté francophone de NXT, je lance l'idée d'un comité francophone pour NXT (NXT French comity and fund). Je vous propose de participer au débat et la discussion sur nextcoin.org : https://nextcoin.org/index.php/topic,4492.0.html

Toutes les bonnes volontés et idées sont bienvenues.

For the english speakers : I want to have a discussion with the french speaking community of NXT (France, Belgium, Switzerland, Canada, french Africa, etc.). I propose to make a comity and a NXT fund to :
- have referents people for the french media ;
- help the french speaking project (marketing, stores, economics project, etc.) ;
- communicate the french projects to the world community.

C'est une idée fantastique!  Vous pouvez également contribuer à encourager les gens à contribuer à la traduction du wiki Wink
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