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1121  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 31, 2014, 10:14:23 PM
Can you please go discuss with FC in his own NEX thread.

No way, this is way too entertaining and belongs in the annals of Nxt.
1122  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 31, 2014, 10:04:07 PM
I want to provide a bounty for integration of a fully functional torrent client built into one of the nxt clients. Most importantly I want some type of decentralized magnet link system that provides useability at the level that a high quality torrent site provides (eg. Pirate bay level). I'm not a programmer/developer so I don't know, is this in some way possible? Is it a huge undertaking?

I would coordinate with nxtru (https://bitcointalk.org/index.php?topic=345619.msg4739056#msg4739056) and nexern, perhaps they can put something together.
1123  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 31, 2014, 10:00:58 PM
brief recap

Bounty 100000 NXT for each of top 5 DAC's
Need community suggestions for the set of DACs that will make etherium least relevant

James

Thanks jl777 for your efforts on these initiatives, really like the energy, I'll help wherever I can.
Still sure I work in marketing? Smiley

 Wink Nope
1124  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 31, 2014, 09:09:35 PM
brief recap

Bounty 100000 NXT for each of top 5 DAC's
Need community suggestions for the set of DACs that will make etherium least relevant

James

Thanks jl777 for your efforts on these initiatives, really like the energy, I'll help wherever I can.
1125  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 31, 2014, 05:59:01 PM
An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

I think the idea in general was pretty good... but as we can now see itīs only useful for the lucky few
who own several million Nxt.


More specifically, the 9 people who own 50 million Nxt each.   

What 9 people?  Can you please show me their accounts #'s?
1126  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 31, 2014, 05:24:00 PM
how compact a full featured client (inluding distributed application/smart contract features) can be?

i tell you: 665kb / 406 kb zipped, yeah!. even if i would add a complete chart engine for AE, the size wouldn't pass 950kb for the executable.
(compared to other alt coins clients which are between 20-50 times larger by less functionality)
the client is sdi based, means only the center hup starts folded, subcategories unfold on demand. all others windows can be arranged as desired. this saves screen space.
atm i am re-composing the gui to adding a native screenshot function to the client, means every important form (like send/balance etc.) has an screen button, dumping
the whole dialog content into a clean rendered png image. here is a send funds png created by this function.

http://www.nxtexplorer.com/download/send-screen.png

here is a 1:1 screenshot with offense coloring from the complete app-hub (including a small gui bug) ;-)

http://www.nxtexplorer.com/download/nxt-hub-screen.png

the user can change the colors later via textfile. atm i am using the dark color scheme, just prefer high contrast and good viewable fonts
when acting with funds. some screens can folded or doing this on demand. the client is not ready yet but i am working hard to finish the dev asap.
the distributed application/smart contract logic took me 5 days which was planed for AE but i am simply eager to show the first real running protoype
by nxt while others concepting. with release, a fully functional quoteboard DNA prototype will be included. 
during test, the remotly executed and sandboxed DNA sourcecode will be hosted on blockexplorer node but could be located everywhere. AM is used
for payment and access signaling. not every workflow is solved for DNA, this needs a little more brainstorming but i am confident nxt will run the first one.

why nxt client looks old ?...the skin is awful
plz change it ...

Really, I think it looks awesome!  Great job nexern.
1127  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 31, 2014, 05:22:46 PM
There's one guy at one address with 50 million NXT, creating block after block... not really fair I guess, but neither is Bitcoin mining.

4747? He is waiting for Asset Exchange. At least he said so.

Yeah, that guys sucks, really hope he sells all his Nxt as he contributes nothing to the community.
1128  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 31, 2014, 05:50:50 AM
Its quiet here, perhaps the calm before the storm. jl777, great job on the zerocoin project, do you think its doable from the code you have?
1129  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 31, 2014, 12:28:32 AM
My interpretation is that any NXT holder is damaged by anybody that steals NXT property. So theoretically, anybody owning NXT at the time of infringement would have standing to sue. Is that wrong?
James

And when a stakeholder is actually doing those things? Copying, cloning etc? isn't that the case with all those clones?

So I guess you have to be a Nxt stakeholder to clone Nxt.  Looks like the NEM folks (apparently Nxt insiders) are busy collecting donations in Nxt and BTC for their Nxt clone:

https://bitcointalk.org/index.php?topic=440185.0  

Let the clone wars begin!

What was that again about the 'trap' in the code that'll render clones dead in 24 hours?

Anyone can clone Nxt, but CFB can kill it.  NEM is founded by Utopian, he's a Nxt supporter, but the only insiders would be CFB and JL. 
1130  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 30, 2014, 09:50:07 PM
ANNOUNCEMENT  Nxt Net Application http://95.85.8.113:9000/nxtnet

P.S. I'm surprised nobody tried to upload a torrent file; I recall someone wanted this feature very much.

I think its cause no one got how to do.
With an step by step how to it would get more drive...

Let me explain then.

1. Download torrent file; you need to convert it to the magnet link to publish (will take <1min).
2. Go to the app page: http://95.85.8.113:9000/nxtnet
3. Go to link "torrent to magnet link converter (external)".
4. Upload torrent file there, copy the magnet link to clipboard.
5. Return back to the app page.
6. Paste the magnet link to the URI field.
7. Add description.
8. Add it! That's all Smiley

Thanks for implementing, we can do some really awesome things with this.
1131  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 30, 2014, 07:00:35 PM
Alone again? do you have time?

we have three people willing to help.

I'm thinking of using mixing algo from Qubic. These people can't help with that, thank u anyway.

Please do, you would save us a huge headache and efforts, I say we pony up 3Mil Nxt total to compensate you for the work, would that be amenable?
1132  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 30, 2014, 06:57:30 PM

CfB,

can we have your 1M for the zerocoin thing?

I'm still not sure I should pay 1M for something that I could do by myself.
How long will it take you to do?
Maybe you can get big bounty!

I would suggest 2Mil from unclaimed funds, to CFB if he can develop, and whomever else can help.
1133  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 30, 2014, 04:28:10 PM
we're taken over by doge  Shocked

good time to buy some nxt?  Grin

It's always a good time to buy Nxt.  It's only going up from here.
1134  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 30, 2014, 04:28:51 AM


The dilution potential is huge. Set the cap at 5000 BTC and implement a max investment cap to allow many small investors.

+1

+1

At the moment it makes no sense. The risk is way too high. Besides, there are many ways they can make money once they launch, such as with their own exchange or other software.

A 5000-10000 BTC limit with 50 BTC limit per person (at least for the first month) is more sensible. Assuming BTC doesn't collapse, that's $4-8m even at current prices. In six months there is a fair chance that will have doubled. Appreciate that 'a person' is imprecise but it's a start. This way everyone knows what they are getting. This also allows people to share the coin pre-mine which I think is better pr and better for the market post launch. If month 1 goes by and the limit is not reached, then remove the coin limit for month 2.

To flip it round, any investor has to assume a 30,000 BTC valuation, making it already a valuable coin. The upside is immediately limited to the coin being a major success. Anything else and the money is lost. Factor in the minting model and the clones that will appear immediately, which may be a better gamble for those so inclined, and the investment is too high risk.

Note: The 50% pre-mine is not for the coin creators. That's for the coin investors, i.e. Potentially us. The rest is split between year 1 miners (not enough I would say), creators, and funding for dev. Correct me if I am wrong.

I want to support this and like some of those involved, but the fund raising model is wrong. That doesn't mean they won't manage to raise it, but it's raising too many eyebrows amongst investors I work with and it's a poor start to a good concept.

Which is why they've delayed the IPO. They've obviously got the pulse of the community and decided to make adjustments.

When they'll be out with this project, others like Mastercoin or Next will be well underway and have first adopter advantage which can be huge advantage.

In this crypto world 1 month = 1 year. Too little, too late.

I disagree, it wasn't the funding issues that delayed the IPO, it was indecision on the crypto architecture.  At first they were gun ho on Dagger, but now they want a POS/POW hybrid and for all we know, they could be reconsidering turing completeness.  If they didn't have the names behind the project, it would be dead in the water, but I still feel we are looking at a Ripple 2.0 type organization.
1135  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 30, 2014, 04:14:57 AM
I can compare only Nxt and Ethereum:

1. Nxt is simple (for casual programmers), Ethereum is hardcore (for hardcore programmers). I think most of coders will choose Nxt if noone creates a simple Ethereum Contract Creation Kit.
2. Nxt can process 1000s transactions per second (coz of absence of scripts and Transparent Forging), Ethereum can't process too many transactions but they r much richer. I think these platforms would go on par if Nxt didn't have Transparent Forging. With TF Nxt will win.
3. Nxt has fixed supply of coins, Ethereum will be inflationary for a long period of time. Ordinary people prefer non-inflationary currencies.
4. Nxt is 100% PoS, Ethereum is PoW + PoS, so the latter is not so "green".

These r just a few points that came to my mind.

Please stop trying to talk up Nxt at every opportunity in this thread. You forgot to mention Nxt is vulnerable to nothing-at-stake attacks, poorly implemented in Java (known for security!), you can't store anything in an offline wallet, and the currency is owned by 71 people who sell it to everyone else. Just get real if you want to talk things up.


There is nothing wrong with Java as programing language. Don't confuse programing language with Java Applet that is a web browser plugin

It's much easier to write secure software in Java than C and C++

+1, if only everyone knew how much of the worlds software is Java.
1136  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 30, 2014, 12:37:05 AM
How will the ZeroCoin project benefit from being implemented on top of Nxt? Let's build a compelling case for them to join forces.

This is a good question. We should always be asking what we can offer the other party to help them get what they want.

I have heard that the ZeroCoin people were a little miffed that after they found a way to bring anonymity to Bitcoin, they realized that their solution would never see the light of day. The Bitcoin Devs are just too conservative with a $10 B market cap at stake...they can't afford any more screwups, so they are extra cautious.

So maybe we can tell ZeroCoin that we are happy to help them implement their solution into our blockchain, and they can also proceed with their Bitcoin fork that implements ZeroCoin.

This would show the practical versatility of their solution and give them academic bragging rights. At that point, Zerocoin would have been implemented in both a 100% PoW Bitcoin fork, and also implemented in the 100% PoS Nxt invention.

"Our truly anonymous ZeroCoin protocol has not only launched its own currency, it's also been successfully implemented into Nxt, the first 2nd generation cryptocurrency."

This would be huge news in the cryptocoin scene and would bring a lot of prestige to both Nxt and ZeroCoin.

We should also offer them a respectable bounty and let them choose to take it in Nxt or BTC or some combination of the two. If they want BTC, then we can hold a sale on the forums like they did to raise money for the cryptographic audit. I think it would be a mistake to try to shove NXT down their throats if they prefer bitcoins instead.

Totally agree with you, I've reached out to Matthew Green stating such.  I hope he gets back to me.
1137  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 29, 2014, 11:23:47 PM
We just need the 288 byte zeroknowledge proof mechanism

Yep. Searching various related articles too.

Check around this site:  http://blog.cryptographyengineering.com/
1138  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 29, 2014, 10:22:05 PM
Why not zerocoin? Any unproven tech will need to be reviewed by cryptographic authority and we know that is not so easy.

I'll read Zerocoin whitepaper tomorrow and will think. Today is too late, time to drink milk and go to bed soon.

In my search for a crypto algo reviewer, I was referred to a crypto expert named Matt Green.  He did get back to me yesterday and said he was currently advising Zerocoin but might have some time to review our code.  I did mention to him that we were interested in implementing Zerocoin with Nxt POS and would like him to review our code if he could.  Here is his blog, seems like a really nice guy; http://blog.cryptographyengineering.com/

Also, I've had a hard time getting crypto people to review the code, they would rather review a protocol design document instead of code.
That's the zerocoin professor!
zerocash is scheduled to be released in May as altcoin.


I can send him a proposal with bounty offer if you would like to put some text together regarding what you want.  

If you are in contact with him, just tell him NXT community definitely wants zerocoin/zerocash implemented on top of NXT. We have bounties of at least 1M NXT, maybe 2M NXT, maybe more.

I would imagine if zerocoin professor commits to making his grad students port zerocash on top of NXT, NXT community will donate millions of NXT to his favorite place, including him! We will of course have dev support so they won't have to waste time debugging entirely new blockchain. It will speed up deploying zerocash tech, which is really what he wants.

Leave the blockchain stuff to NXT, they can focus on zerocash algos. We even have AM mechanism to store the zeroknowledge proofs.

James

Okay, will do, I'll let him know.
1139  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 29, 2014, 10:15:20 PM
do you all like it? not even started ... plenty more to come I hope i don't kill the coin Grin

I like it. No kidding. If that's really u, then u solve the main problem of Nxt - distribution.

Edit: I want to see 0.05...

that can be aranged no problem, do i get bountie for it? Cool

ill bring it to kingdom come just cos i can Grin

Please do!
1140  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 29, 2014, 10:00:10 PM
Why not zerocoin? Any unproven tech will need to be reviewed by cryptographic authority and we know that is not so easy.

I'll read Zerocoin whitepaper tomorrow and will think. Today is too late, time to drink milk and go to bed soon.

In my search for a crypto algo reviewer, I was referred to a crypto expert named Matt Green.  He did get back to me yesterday and said he was currently advising Zerocoin but might have some time to review our code.  I did mention to him that we were interested in implementing Zerocoin with Nxt POS and would like him to review our code if he could.  Here is his blog, seems like a really nice guy; http://blog.cryptographyengineering.com/

Also, I've had a hard time getting crypto people to review the code, they would rather review a protocol design document instead of code.
That's the zerocoin professor!
zerocash is scheduled to be released in May as altcoin.


I can send him a proposal with bounty offer if you would like to put some text together regarding what you want.  
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