NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

Is this a planned feature?

Yes, it was announced long time ago. Maybe even BCNext wrote about it by himself.

[1715200703]

1715200703

[1715200703]

1715200703

[1715200703]

1715200703

[salsacz]

I finally published my blog post about Alias goldrush on 22nd December (how I spent 7 hours by registering 740 aliases ):
http://nxtcoin.blogspot.com/

- there are some personal thoughts and also some statistics

[Damelon]

I finally published my blog post about Alias goldrush on 22nd December (how I spent 7 hours by registering 740 aliases ):
http://nxtcoin.blogspot.com/

- there are some personal thoughts and also some statistics

Nice read
I had no idea there was such a big rush.

[landomata]

Is this a planned feature?

Yes, it was announced long time ago. Maybe even BCNext wrote about it by himself.

Done.

https://nextcoin.org/index.php/topic,1893.0.html

[ferment]

22K.io Chrome Extension!

Here's another one! This time for Chome.

Download: http://22k.io/files/22kChromeExtension.crx

You'll need to do some shenanigans to get Chrome to install it (open extensions and drag/drop file). This will be resolved once I take 22k.io to beta. Typeahead support for Chrome and a Firefox extension coming soon. Also, planning a single search for aliases names, aliases uri, and blockchain.

Chrome is finicky about supporting custom uri handlers like "nxt:alias" so you'll have to do "nxt <tab> alias".

Thank you for the support. I have more goodies planned to really push the nxt features! Support: 4915862015826193000. Happy New Year!

PS - If you missed the Safari extension: http://22k.io/22ksafari.

[visaco]

CRYPTOPARADOX

[EvilDave]

CRYPTOPARADOX

Cyberbeggars, LOL !

[intel]

CRYPTOPARADOX

[visaco]

CRYPTOPARADOX

awesome

[jl777]

landomata,

I think we are in agreement, we just need to clarify who the core developers are. I mean to say that jean-luc and the BCNext team, they are all presumably large NXT stakeholders and wouldn't insist on sharing in any of the community funds. If they really insisted, I would certainly think they deserve a cut, but I don't think they will.

Due to the extensible nature of NXT, if somebody creates a new extension then according to the math based incentive plan, that person would get 100% of the allocated NXT for the transaction fees that new feature added. I wasn't aware that someone not part of the core-dev team would be able to add new features directly into NXT.

We use common sense rules to determine who deserves a piece of the pie. To my mind somebody not on the core dev team that develops a new feature is adding value to the core dev team's work. It really doesn't matter if the code is inside the NXT code base, a separate tool, a website, getting fantastic press coverage, etc. ANYTHING that adds value, adds value. So then they would become eligible for peer voting.

For example I think ferment has done some work that deserves consideration to be part of the alias team but I am not smart enough to be able to allocate between what he has done and what wesleyh has done. As of now, it would be between them to allocate. When a third person contributes to alias usage, then they get to influence the allocation.

Math based incentives. They work!

I don't have final confirmation yet, but it is very likely that the community fund now has around 5% of all NXT pledged. That means that 5% of all forging revenues for the forseeable future will go toward math based incentives. Even if wesleyh has to share the community fund amount, it is now 5 times bigger! The NXT community is so amazing, I am so proud to be a part of it!

Assuming that all the founders eventually end up with 25% of their original stakes, the percentage of NXT that belong to the original proof of stake grant will be HALF that of ripple lab's 20%. Ripple did the smart PR thing of contributing to curing cancer. Now with the community fund, NXT founders are creating a never ending stream of math based incentives that maximize transaction fees spent which maximizes the value of NXT.

James

[jl777]

I read some people saying that forging revenues won't amount to much for small stakeholders and that might be true for now, but forging creates the mechanism that allows community fund and also allows large investors to drool over a "mere 25%" per year return. I am working on a way for small stakeholders to pool their forging, but I can't figure out how to be able to distribute much more than 50%. Would that be enough to be worth implementing? Every small stakeholder would get a prorata share of their deposited NXT and the combined total forges for everyone.

James

P.S. I need to know what the smallest increment of NXT is, are we limited to 0.01 NXT, I know we can use colored coins to issue femto-NXT, but I am unclear on what the divisibility of NXT itself is, affects payout of small amounts.

[rickyjames]

We could also tie it to the actual price to buy a cup of coffee or a big Mac for example. If we want NXT to be used in a widespread scale like buying food, gas, coffee then the fee has to be proportional. If a cup of coffee cost generally 2-3$, the minimum should no be over 10 cent. Basically tie the fee to purchasing power.

Funny you should mention Big Macs as a standard price index...


http://www.economist.com/content/big-mac-index

[swartzfeger]

I finally published my blog post about Alias goldrush on 22nd December (how I spent 7 hours by registering 740 aliases ):
http://nxtcoin.blogspot.com/

- there are some personal thoughts and also some statistics

Nice read
I had no idea there was such a big rush.

I'm not in the top 10, but close to it.

Also, I chose mostly 'long term' aliases, i.e., I don't have a metric shit ton of aliases like 'Viagra', etc. I grabbed more (hopefully) long-term, long-growth stuff.

Frex -- people were probably tripping over themselves to grab Amazon and Facebook (rightfully so), yet they hemorrhage money. There were still hundreds of other Fortune 500 companies available.

Anybody know who Nucor is? Probably not. I didn't. They're the largest recycler in North America. Generated half a billion in profits. Certainly not sexy, and will generate virtually 0 in web traffic. But there's value in companies like that, I think.

Part of me feels shitty for reserving (squatting) so many aliases. The other part of me says 1) fuck it, I didn't start registering until 12/25 (Christmas night!)... how could valuable aliases still be sitting out there three days later? and 2) it felt like the only way for someone with little NXT to try to generate something. I have 6000 nxt. That won't forge anything. I could have 60,000 and it wouldn't forge anything.

I'd love to be at about 250,000 NXT, which is impossible in my current financial situation. I think somewhere in my alias pool I can scrape that together.

Other people grabbed porn and poker and prescription drugs, I grabbed the abbreviations of commodity exchanges. I'm a dork.

If anyone is interested in this alias pooling concept (I am!!!), PM me!

[swartzfeger]

I finally published my blog post about Alias goldrush on 22nd December (how I spent 7 hours by registering 740 aliases ):
http://nxtcoin.blogspot.com/

- there are some personal thoughts and also some statistics

It's funny you mention Budvar in your blog -- being of Slovak ancestry, I know most of my fellow Americans do not realize how much that city has contributed to our drinking problem here

Unlike you, I was lucky enough to grab my home town here in the USA -- Pittsburgh. There were many large cities available. The obvious large cities like Chicago etc were taken, but other notable cities were still available.

[ninjaboon]

I don't see the blocks updating. Is it still under DDOS attack?

28908      13067962722071602220      Tue 31 Dec 2013 12:32:26 PM MYT   
      
      0      0 + 0      0 B   
      
      1      5897200694154745805      58008 %   
      
      
      28907      10716784968670917069      Tue 31 Dec 2013 12:27:57 PM MYT   
      
      0      0 + 0      0 B   
      
      1      15802067936801529008      29004 %

[BitcoinForumator]

I finally published my blog post about Alias goldrush on 22nd December (how I spent 7 hours by registering 740 aliases ):
http://nxtcoin.blogspot.com/

- there are some personal thoughts and also some statistics

Nice read
I had no idea there was such a big rush.

Part of me feels shitty for reserving (squatting) so many aliases. The other part of me says 1) fuck it, I didn't start registering until 12/25 (Christmas night!)

I feel EXACTLY the same!

[Anon136]

can anyone recommend a public node that i can use to generate some addresses from private keys?

[gbeirn]

I don't see the blocks updating. Is it still under DDOS attack?

28908      13067962722071602220      Tue 31 Dec 2013 12:32:26 PM MYT   
      
      0      0 + 0      0 B   
      
      1      5897200694154745805      58008 %   
      
      
      28907      10716784968670917069      Tue 31 Dec 2013 12:27:57 PM MYT   
      
      0      0 + 0      0 B   
      
      1      15802067936801529008      29004 %

This is what I show:

29624      792771258323459600      Tuesday, December 31, 2013 7:35:48 PM   
      
      10      1'950 + 10      1'475 B   
      
      1      706508148986313036      507 %   
   

[jl777]

Bid price on ripple is 2.2XRP for NXT with 17000+ volume. That is roughly .00008 BTC so it is significantly higher than anywhere else. What this means is that you can get 10% more for your NXT by selling via https://peercover.com/#/simpleGateway

You don't need a peercover account, just a ripple address to deposit the NXT into and you can sell for .00008 when dgex price is less than .00007

There is a lot more demand for NXT in ripple than supply.

It is easy to get a ripple acct at https://ripple.com/client/#/register
Once you have that just select Deposit and NXT on the simpleGateway page and follow instructions. Deposit 17000 NXT and get 10% more than on dgex

James

[allwelder]

I'm a supporter of the NXT project, but I noticed these kind of issues are a recurring theme. It causes a bit of a trust issue. Why is it happening, is it happening solely because the blockchain ain't downloaded/refreshed properly? Because you ain't connecting to proper peers? Something third?

He should ask the exchange owner. If the transaction was confirmed then his exchange balance must be increased. It's better to post this in DGEX thread.

@CfB,
e.g, when transfer some nxt from A to B acc,after the first confirmation,the NXT should be displayed in B acc,right? or need more confirmations?