[ANN] Nxt :: descendant of Bitcoin

[BCNext]

Oh, BTW, don't send big amounts, please.  If someone owns very big stake of coins this can lead a proof-of-stake currency to failure.

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P.S.  I’m a veteran member of this forum.  I have to use this brand new account to remain anonymous but later I may reveal my identity.

I have to ask, why?

[BCNext]

Maybe it's a superstition but I'm trying to follow in Satoshi's footsteps.

[Come-from-Beyond]

I'm looking for guys who could help me to test the networking.  Post here IP addresses of servers and I'll add them into the list of well-known peers.  Later you are supposed to launch Nxt software on these servers.

88.198.210.245

[BCNext]

This is the networking part: https://mega.co.nz/#!6owCCbyS!DvGh_0jftXCF317RkpZT1WIxVI9lXsWpoPj3cJpDPDo

1. Download Nxt.zip
2. Go to the directory with the file
3. Type "java -cp Nxt.zip Nxt"

If your computer is visible on the Internet then type "java -cp Nxt.zip Nxt <my_IP_address>" instead of #3.

This soft logs 2 types of messages:
- Number of connections (changed each time a peer connected/disconnected)
- Number of peers (changed each time a list of known peers is updated)

PM me about bugs if you find any, please.

[marcovaldo]

Good luck for your coin and bright future

[Come-from-Beyond]

I launched ur soft on my server and home computer. As I see my comp connects to the server without any problems, but when I shut it down the server logs "java.net.ConnectException: Connection timed out" non-stop. One time would be enough.

EDIT:

Number of connections: 1
Number of peers: 1
Number of peers: 1
Number of peers: 1
Number of connections: 0
java.io.IOException: Connection reset by peer
java.net.ConnectException: Connection timed out
java.net.ConnectException: Connection timed out
java.net.ConnectException: Connection timed out
java.net.ConnectException: Connection timed out

...

[Come-from-Beyond]

I see new files - accounts.nxt, blocks.nxt and peers.nxt. Accounts and blocks are only 5 bytes long. Is it ok?

[BCNext]

That was only networking, no block nor account handling yet.  Could you, please, leave the server working so others could bootstrap their nodes?

[BCNext]

I need help to develop a web client.  It will be used to send transactions, monitor the network and do other things like Bitcoin client.  PM me if you can help.  I can pay a few bitcoins for the work.

[BCNext]

I found a guy who will develop the web client.

[BCNext]

I got a link to the interface prototype


http://s18.postimg.org/k2ofw3s5j/prototype.png


I put it into the OP.

[BCNext]

I'm looking for different services that will be listed in the official client.  https://bitcointalk.org/index.php?topic=305916.0

[BobMarley]

So i hand over tons of BTC for a promise that i will get an unproven altcoin, that will probly be worth nothing?

[klee]

Sent 800BTC how many NXT will i get!??

Are you joking? Wow

[klee]

0.62BTC sent 

[BCNext]

So i hand over tons of BTC for a promise that i will get an unproven altcoin, that will probly be worth nothing?

Seems you didn't get the point.  Let me explain again...

1]  Nxt is 100% proof-of-stake currency.  Why?  Because this lets not to waste tons of electricity and protects against 51% attacks.
2]  Proof-of-stake means that users must own some coins.
3]  How to generate coins?  Premine 100% and giveaway like Ripple?  No way.
4]  Let's transfer tiny amounts of bitcoins to my address.  More you send, more you get.  Looks good to me.
5]  Why send coins to my own address, not some unspendable address?  I need a way to send the coins back, just in case.  Or fund development of services to promote Nxt, if the total amount happens to be decent.

I hope this explanation will help.

[macsga]

Interesting. Watching

[challen]

Nxt uses its own blockchain and any coin holder can mine a block by accident even with their mobile phone.  Almost 0 electricity required.
Coins are earned solely by charging transaction fees.
Mining is 100% proof-of-stake

If mining is proof of stake and coins are earned by charging tx fee's, does this mean clients can compete with each other to reduce tx fee's? Would there be a minimum tx fee?
Also, since mining is 100% proof of stake, I'm guessing the only way to get coins is to have coins in your wallet? 

I got a link to the interface prototype


http://s18.postimg.org/k2ofw3s5j/prototype.png


I put it into the OP.

Interface looks interesting

[BCNext]

If mining is proof of stake and coins are earned by charging tx fee's, does this mean clients can compete with each other to reduce tx fee's? Would there be a minimum tx fee?

Clients can compete.  The minimum fee will be 1 smallest unit.

Also, since mining is 100% proof of stake, I'm guessing the only way to get coins is to have coins in your wallet? 

Correct, it's the only way to generate coins.  Of course, anyone can buy coins for other currency or earn them by selling goods / providing service.