Testers still busy at work, upgrade to version 1.4.6 to ensure a smooth transition.

If you want to test Monetary System so you know how to use it on launch day, see here >>> https://nxtforum.org/general-discussion/%28core%29-hardfork-on-330000

Monetary System goes live roughly 10th January, block 330000

MS means Monetary System. This is a change in v1.4.6. Presumably it is a bug fix, in certain circumstances on testnet the UI didn't appear after block 330000. This fixes it so that the UI does appear. You don't have to do anything.

Hi Kultus,

This is an old thread, you can use the link in my post a couple up thread for the current one. Or better still, nxtforum.org as there are usually over 100 people online at anyone time. There are over 500 posts per day there too as opposed a handful on BTT so you get quicker responses.


To answer your questions:


1) For ease of use, there are lightweight wallets at mynxt.info and mofowallet.com that use wallet.dat files. They don't have all the features yet but and in constant development.

Using a full wallet, 12 words is required. You can create your own password by selecting "Returning User?" and enter you own password. THIS ISN'T RECOMMENDED. There are bots that monitor new blocks for accounts of non-random account paraphrases that they have pre-computed. Only truly random is good enough, this is what the client creates.

"onesmallstepformanonegiantleapformankind" and "argargargargargargargargargargargargargarg" are the types of passwords that users thought were good enough that have had their Nxt stolen. Bible verses passphrases have also been stolen. There have been ZERO accounts that have lost their Nxt in this way when allowing the client to create the passphrase. Always let the client create your passphrase or use a lightweight client above. You have been warned 


2) The blockchain is stored in "nxt_db".


3) Aliases have been implemented from Dec 2013 - Jan 2014 though not sure how you like to use them. They can be linked to more things than just accounts, such as websites. They can be used create a DNS system but no third party devs have taken this up yet. This would lead to decentralised websites, decentralised twitter, facebook etc could be built on Nxt.

You can assign a name to your account by clicking "No name set" in the top left corner when in the client. There is also "Aliases" in the menu on the left to assign multiple aliases to an account. "Google" etc. have already been taken  Sending funds to an alias wasn't implemented a few months ago (it is to be done on the client side IIRC). Someone else would have to confirm if this is now possible.


Try the thread above if you have follow ups and want a quicker reply 

Comments about market cap was your starting point, not mine. My first post was that you were making a false comparison > Your paintings = POS. (I'll wait while you go back a read my post, it starts "bwaaaahahahahaha... "   )

Your paintings = POS is a strawman as the two are definitely not equivalent (unless paintings does have an asset exchange?  ) and you successfully attacked your false representation. Rather than attack the reality of POS (see the bit about Jinn and value not being depending on regulation or acceptance from authority). Far from ignoring your point, I addressed it directly. That was the starting point.


You put the paintings analogy in the middle of our conversation, not at the start. Your version of events doesn't correspond to our conversation and that makes me think you aren't interested in honest discourse, only trying to 'win'.


CfB doesn't need me or anyone else to defend him, he already does a sterling job of that himself  This thread is a good example 

But excuse me for the rest of today, I have to go comb my couch.

Evidence suggests it is true you try to play to the crowd when your points get rebutted. Maybe you are losing your ability to tell people what to think?

Truth hurts?


 

So you are saying paintings doesn't have an asset exchange?..


I thought places to exchange shares and currencies are very important in finance... but what do I know  

You should check out the Jinn asset It is a physical ternary processor aimed at the 'Internet of Things' revolution that we are told is coming down the track with a free and paid emulator for distributed computing. It is arguably external from crypto.

It doesn't require permission from anyone to exist or progress. Each update increases its value and that of the platform it is on. Market prices can exist without regulation. And regulation doesn't prevent fear and greed volatility and unrealistic prices. I bolded it so it must be true   You can ask any technical questions you have about Jinn in this thread, the dev might pick them up  


But I this is getting away from your proposition of your paintings with nothing to offer = POS platforms that support the development of real projects  

What features do your paintings offer that might be desirable to me? Do they offer an asset exchange? That's always a good start. 50 trillion seems a bit steep tho... I think I'll wait for the dump 

Bwaaahahahahaha!

Are you saying you could create a POS coin that could stay in the top 10 for a significant amount of time doing this?

You might I suppose if you kept 100% of the coin. But then you would have to show all others on CMC are doing the same. You're a sly one cbeast   borderline troll, the best lies are those very close to the truth

This came up a few pages back, Bittrex doesn't seem to the facility to input the public key.

Post the details here or use the faucets in the op to get through the first step 

Nxt continues to set the bar... 

Monetary System goes live on the mainnet at block 330000

This will be a hard fork, upgrade to the latest version 1.4.5 before block 330000 or be left on a fork.


Whoop 

Congratulations Kushti on an apparently flawless paper 

Nxt continues to set the bar... 

Monetary System goes live on the mainnet at block 330000

This will be a hard fork, upgrade to the latest version 1.4.5 before block 330000 or be left on a fork.


Whoop 

I'll catch up later. Gotta go paint a donkey.

The '1%' have 51% of the stake. The 99% with 49% of the stake decide they don't like being ruled and fork the client. Their 49% becomes 100% in the forked platform. The 1% are left with nothing of value.

And as long as the majority are not masochists, hunger games will never last. It would probably never occur, a different path would be taken at a less severe stage. You fork to 'the same minus the stuff the majority don't want'

Bter was hacked. Forgers in Nxt were given the choice: accept the hack or forge a forked client that didn't recognise the hackers stake, cutting them out. They had 720 blocks to decide before the rolling checkpoint prevented reorgs. Forgers chose to accept the hack.

Replace 'bter hack' with 'hunger games scenario' and only masochists would have remained forging with the original version.

Far from being a bad system, it is an example of decentralised decsion making.

If you can fork it, how would it ever become centralised? Would the majority prefer the hunger games over other alternatives?

Very nice of you to say. A true gent.

I only really like these threads to watch people get into a fluster talking to CfB and see it descend into passive aggressive quips dripping with disdain   and watching the little bits of cement and the odd brick fall from ivory towers    

Yes, guilty. Sorry, maybe I should put something in my sig