Thank you. I will get in touch with them (or a similar company) Let us know what you find out. |
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Does ANYBODY either attend or work at John Hopkins in Baltimore? Or know anybody that does?
I am projecting that NXTcash project will be bottlenecked by waiting for the new release from zerocoin. I want to have someone demonstrate a working NXTcash based on the alpha libzerocoin directly to Matt Green at John Hopkins. No promises on when zeronet (testnet for NXTcash) will be ready, but as soon as it is, I want to be able to arrange an in person demo. maybe crash one of his lectures with a solar raspi, anything.
The way the NXTcash project is setup, as soon as we get the libzerocoin2, we will be able to quickly retrace the path we took to integrating libzerocash, especially since all the client and high level parts will stay the same. This way, we can help zerocoin with finding any bugs and also providing a demonstration platform for their new tech.
PLEASE PM me if you have the appropriate contacts, preferably the dean!
James
P.S. I already have a client developer, so no need for anymore client devs for now.
I strongly believe that NxtCash will be huge, but I think the biggest hurdle will be any sort of collaboration with Zerocoin people. I've had email contact with Matt but he has been unresponsive for some time. I just don't see the Zerocoin guys having the time or making the effort to help us, I'll keep trying. |
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The importance of this sort of functionality can not be overstated and it could definitely be built in to the protocol if it isnt already.
We could add some kind of "startIPO" transaction. +1 That would be awesome. |
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That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money. What would be step 2? It would be nearly impossible to make the exchange legal in every country but trading for silver/gold would be the best bet as they are a world commodity and easily convertible in each country. Unless we had a Nxt Belize bank where everyone could access their accounts. Legality and Crypto exist on very blurred lines. I am thinking about exactly that. Opening an account in Belize, Panama or the Cayman Islands. But I am unexperienced with stuff like this. So am I, but if we had someone take care of it so that people could have individual accounts, access, even debit cards, that could be huge. I'm sure we could offer a large bounty for the solution. Would solve our Nxt/USD problem. |
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That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money. What would be step 2? It would be nearly impossible to make the exchange legal in every country but trading for silver/gold would be the best bet as they are a world commodity and easily convertible in each country. Unless we had a Nxt Belize bank where everyone could access their accounts. Legality and Crypto exist on very blurred lines. |
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We are ready to launch our Nxt Assets gateway which will start to issue BTC and LTC valued assets. The module for issuing EURO assets is done and ready to be launched too (the legal stuff around it is almost done) but we would like to start without FIAT and have no fees on the gateway for a couple of months. To do so we would like to claim some bounty to be able to cover our expenses and work for the no fee period. The bigger the bounty the longer the no fee period will be. Here is the site: www.quicknxt.comThere are no real assets on it yet but as sson as the AE is done and tested we will add BTC and LTC valued assets. The site will most likely host l8orre's AE Client and we will try to help him with whatever we can.. BTW We are almost ready with our windows client which aim is to be easy to install and use by none cumputer literate people. Hopefully we will announce it tonight. +1 Great work BM, I would definitely recommend a bounty for QuickNxt. Also, Anon136's project for Silver Bullion is very interesting and worth funding. Pin, perhaps we can compile a list of projects in the OP. All of the projects here are great, but I do agree we should stick to new projects for funding in this thread. |
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The point is to develop a workflow for a NIP approval.
I think we're doing that just right now. +1 Approved. |
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I have a hard time believing that anything makes you overly excited.  Believe me - if I get overly excited by Nxt then I think all of you would have already become very rich.  Well, let's work on that! Anyway, are cross chain transactions even possible? I would think that this could be solved on the client level, if someone were to develop a client that implements multiple coins (BTC, LTC, Nxt), loading BTC, LTC, Nxt blockchains into client (I know that would take some time), then you could trade BTC/Nxt within client and confirmations could happen within client. Doesn't seem like that would be very difficult. |
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Given what's happened to btct.co and bitfunder.com, could people issuing these assets end up in trouble later?
A good question - and another reason why I am not overly excited by AE as it stands. You'd be pretty brave not to be "anonymous" and list an Asset IMO. This is why "atomic cross-chain transactions" *are* the holy-grail as you could deal through anonymous AE without needing to trust its owner as basically they would only then exist to set up a trade possibility between two parties (i.e. a means of finding each other and finding an agreed price) but the trade itself would happen in a way that the asset owner would have no control over (the fee in NXT being the only way that the "lister" could make anything at all assuming the system has been set up to allow this). I have a hard time believing that anything makes you overly excited. I do agree with cross-chain transactions, all the more reason why we need to be building coins on top of Nxt blockchain! |
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Need some test Nxt for asset exchange please; 9637023121254362310
10K sent. Thanks VB |
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Need some test Nxt for asset exchange please; 9637023121254362310
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Just sent out some Nxt using tipNXT.com, worked great, I trust Passion_ltc but used a smaller Nxt account to make the transfers just in case. Great work Passion_ltc!
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I emailed Dmitry Skiba and actually got a response Hi,
Actually I don't know nothing about cryptography, I just ported that code from C to Java many years ago. So I can't really answer your question.
Regards,
Dmitry
So he knows something....... |
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I really hate having to go through BTC first via coinbase, because I have to wait 4 days before I get my BTC and then transfer them into NXT. During that time, prices tend to move Does coinbase have some kind of petition form? I'm surprised they still deal only in BTC. In regards to Part 2 of Transparent Mining. I personally think it's essential that coins are built on top of Nxt. Otherwise, we are no different than BTC or new POS clones. We can create a huge market all of which relies on Nxt as the infrastructure. I would also go so far as to propose that any new Nxtcoin is required to send 10000Nxt to genesis at time of creation. Thus we are reducing supply of Nxt while adding value since Nxt would be required for creation of Nxtcoin. All Nxtcoins would start with the same value (10k Nxt) Would also be great because individuals can fund raise Nxt in order to create a new Nxtcoin. Nxt would become immensely valuable with that model and eventually all Nxt could be replaced with Nxtcoins. |
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Nxt could have a special kind of asset backed by fixed amount of NXT.
But if we aren't supposed to "trade NXT" then that wouldn't have any value then would it? The point is that we are NOT supposed to do anything, it's up to the community how to develop Nxt further. I think it is best for NXT to have multiple purposes. 1 - As a store of value because of it's scarcity. 2 - As an intermediate currency between IOUs issued on the asset exchange. IMO, of all things, NXT - as the base unit - is like gold. It backs up everything in the system because everything can be traded for it, the supply is constant, and its value (within the NXT ecosystem) is guaranteed by the protocol. EDIT: Plus, it makes sense, people don't use gold as currency (anymore) but it still has huge store of value. And holy shit, why is NXT still tied to BTC... maybe we should contact coinbase to do USD/NXT pair  I can't tell you how many times I've emailed coinbase to add Nxt. |
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hi Anon ,u r doing a great work.
and You also gave me a lot of hope to be able to trade US stocks by AE. As a foreigner, you know, it is difficult to trade U.S. stocks (such as NASDAQ), you can deploy it together in you gateway?
I think this is a lot of people just like me will needed. Waiting for your reply, thank you.
You cant technically trade any of the underlying assets on the nxt decentralized asset exchange. What you can trade is assets denominated in the underlying asset. I.E. a promise to pay the underlying asset on demand. Since the person could never pay you the underlying asset in your jurisdiction you could never actually get the stock. HOWEVER you could take advantage of changing prices by buying the promise to pay, holding that promise to pay while the value of the underlying asset (presumably) increases, then selling that promise to pay to someone state-side for more than you initially paid for it (since if the value of the underlying asset increases than so too will the value of the promise to pay that asset on demand) I can definitely see this. It would be very easy to start a tech stock AE for example, give the choice of a few popular stocks (apple, google, facebook, twitter, etc) to be traded on Nxt AE. Hell, maybe I'll start the exchange. I could easily post statements for each transaction for confirmation. |
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Invest it in Nxt, I can guarantee that you will make 10x your money back in 6 months.
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I don't understand your issue with this, its another feature that adds value to Nxt. Is it personally affecting you in some way? Try to be more constructive, Passion_ltc is a valued member of the community and he's built some great products so far.
Some nice centralized based-on-trust feature? Exactly what I want to see in Nxt. Give me 2 of them Okay, 2 coming right up! |
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