NXT :: descendant of Bitcoin - Updated Information

[ferment]

Why here: http://22k.io/account/3283108578452123518 all transactions have "Alias assignment" as recipient?

Fixed!

[pinarello]

I'm working on setting up a news site, purchased nxtnews.co and of course the alias..

setting up a host and getting wordpress installed.  plan on an honest, unfiltered outlet for articles, charts, and trends.

if anyone had any suggestions or wants to contribute, please let me know

We do have http://info.nxtcrypto.org as our news site that is updated very regularly.  also there is a forum for news items discussion at https://forums.nxtcrypto.org/viewforum.php?f=49  please give it another shot - we've recently changed the site look.

We're always happy for increased contribution in the forums!

Hey opticalcarrier, thanks for those links, I know about nxtcrypto and have even contributed articles, but there is some biased editing going on there.  i had articles killed on nxt gambling sites and more importantly on dgex adding fees. these are important things for the community to know, and its not acceptable to just pretend all is hunky dory.

I'm not trying to pick a fight, but I think we as investors need to full story.

I find it very strange that a thread on dgex adding fees was deleted on nxtcrypto.org  Can you tell me when this happened and your user ID there?  I will track it down, there are only few people there with those permissions and it wasnt me

and if it was me it was by accident 

Pin

[ZeroTheGreat]

And that's way changings in basics of Nxt shouldn't be globally voted by coins.

There is no other way.

?! Accepton. Of new versions of servers/clients. If someone just release bogus Bitcoin-Qt/bitcoind, community just go away. They'll split up, talk some and then merge into stronger one. No thing like global voting needed.

When I'm (1 real people) installing server and starting to forge, I'm voting for current implementation of ideas by actions. By coins — seems like absurd, we're coming back to question:

What can't be decided by naturally acception, but can be decided by Global Voting? There's no such thing!

[Come-from-Beyond]

And that's way changings in basics of Nxt shouldn't be globally voted by coins.

There is no other way.

?! Accepton. Of new versions of servers/clients. If someone just release bogus Bitcoin-Qt/bitcoind, community just go away. They'll split up, talk some and then merge into stronger one. No thing like global voting needed.

When I'm (1 real people) installing server and starting to forge, I'm voting for current implementation of ideas by actions. By coins — seems like absurd.

The result will be the same coz number of forged blocks ~ number of owned coins. Won't it?

[ZeroTheGreat]

The result will be the same coz number of forged blocks ~ number of owned coins. Won't it?

No, it won't, I'm not talking about blocks. I'm talking about mine and another Nxter's actions. We or install new Nxt, what someone suggest to install with new features, or not. And if new Nxt can't get as much attention of real people as old it'll fail. I'm aware of built-in voting decisions, it doesn't look healthy in worst scenarios.

Too hard to get into Bitcoin some real changes and it's great power of decentralization. Global Voting slowly destoys it. Any Bitcoiner knows that if SHA256, say, changed all over the world to SHA512 in network it was happend not cos some big stakeholders decided to do so.

[NxtChg]

Why here: http://22k.io/account/3283108578452123518 all transactions have "Alias assignment" as recipient?

Fixed!

Thanks! Will send a tip to you in a moment

[greyw00lf]

-----BEGIN PGP SIGNED MESSAGE-----

-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.12 (GNU/Linux)

iQIcB...
-----END PGP SIGNATURE-----
lead Nxt developer, gpg key id: FF2A19FA

can anybody tell me how to verify those messages?

[ZeroTheGreat]

And with TF enabled any new idea (such as selling Aliases or freezing accs or even small updates, that'll change protocol) win only with biggest amount of forgers / all forgers existed, with real support of biggest part of current community. Amount of coins shouldn't matter, Nxt — not an asset in my eyes.

It's very important, IMO. "Voting by coins" vs "Voting by actions or real people".

[jl777]

Is anyone going to become a gateway between NXT and fiat when Asset Exchange is launched? That would be interesting to know how trust issue is planned to be resolved.

PS: Rewards will be given to 3 best implementations.

Iguazu waterfalls. Simply amazing. Found wifi on the road!

Peercover is already a fiat gateway. So you can use it to convert NXT to USD. Nothing prevents a direct NXT/USD market, just would need to have enough people trading to make a decent market. Even without it, as long as there is an active NXT/XRP market, you can just send USD to yourself even if you don't have any USD and ripple will automatically convert the NXT -> XRP -> USD. You get to confirm prices before it actually does it.

I will also push peercover to use the Asset Exchange, maybe it can actually be a front end to the ripple backend. Not sure yet.

James

[opticalcarrier]

-----BEGIN PGP SIGNED MESSAGE-----

-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.12 (GNU/Linux)

iQIcB...
-----END PGP SIGNATURE-----
lead Nxt developer, gpg key id: FF2A19FA

can anybody tell me how to verify those messages?

his gpg key ID is in his forum signature at the end of every forum message is FF2A19FA so use this command:

gpg --recv-keys FF2A19FA


then copy the text of ONLY -----BEGIN PGP SIGNED MESSAGE----- and -----END PGP SIGNATURE----- with those 2 lines being the first and last, respectively into a FILENAME, then use:

gpg --verify FILENAME

[NxtChg]

You know what I like about NRS?

It doesn't trash my HDD, like Bitcoin! And that's with 10 times more blocks per hour.

What are you guys using for the database? Some native Java thing?

[jl777]

Hi,

I think some of people are playing on price to downward it. I was checking and even there were above buy order the price given by me, the buy order was complete. They sold it with quick sell.

big price moves on dgex only
prices pretty stable on ripple and I think also stable on nxtchg

This indicates attempt at moving the price and not that the price has moved.

[ZeroTheGreat]

Highly unlikely that we'll have boundared center in thousand (even millions) of votings, but with implementation of Global Voting we're starting handling risk of built-in centralization. Built-out exist all the time, but it's easy to manage: I mean trusted core of people, that working. But if someone start to act like a non-wanted center, community just walk away, new core'll be born in no time (or with some time, if project was relatively small, ideas don't die until die last man informed!).

With built-in centralization things get worse with time. U can't run away from built-in centralization so easy, so u can from built-out.

[davethetrousers]

And that's way changings in basics of Nxt shouldn't be globally voted by coins.

There is no other way.

Another way: Voting power by some logarithm of fraction owned of all coins, weighted by account age. The latter discourages endless scattering of NXT to circumvent the logarithm (which would be a real problem in a naked log system).

Smaller, but older accounts could be on par with new big accounts in that system.

[mcjavar]

Hi,

I think some of people are playing on price to downward it. I was checking and even there were above buy order the price given by me, the buy order was complete. They sold it with quick sell.

big price moves on dgex only
prices pretty stable on ripple and I think also stable on nxtchg

This indicates attempt at moving the price and not that the price has moved.

That is because of the low volume on those two, I think

[laowai80]

And that's way changings in basics of Nxt shouldn't be globally voted by coins.

There is no other way.

Another way: Voting power by some logarithm of fraction owned of all coins, weighted by account age. The latter discourages endless scattering of NXT to circumvent the logarithm (which would be a real problem in a naked log system).

As if there is not enough bugs to fix already... now NXT needs more bugs with complicated algos to calculate votes, min fees, etc. I'd say, until major bugs are fixed, like those that allow to take down the network, everything else should be as simple as possible, no complex algos.

[davethetrousers]

more bugs with complicated algos to calculate votes, min fees, etc.

Well, this could actually be a one liner, no?

[Come-from-Beyond]

You know what I like about NRS?

It doesn't trash my HDD, like Bitcoin! And that's with 10 times more blocks per hour.

What are you guys using for the database? Some native Java thing?

 

It's a know-how.

[ZeroTheGreat]

Another way: Voting power by some logarithm of fraction owned of all coins, weighted by account age. The latter discourages endless scattering of NXT to circumvent the logarithm (which would be a real problem in a naked log system).

Smaller, but older accounts could be on par with new big accounts in that system.

Makes no sense. Anyone can split his coins into smallest parts. With log-scale it gives him even more voting power   There'd not be global voting at first place. We're already voting, Every time we're clicking "I'm agree" or every time we run binaries, or... I hope u got me.

[jl777]

GREAT IDEA

1) So the USD would be deposit to this account...by wire transfer or western union etc...

2) to withdraw USD IBC would wire money to the recipient...so they will still be wiretransfer delays & fees

 Edit: would this require serious manpower?

Online Banking has made these transfers very easy, just make sure the Belize Bank you choose offers it. Actually, the bank account does not even have to be with a Belize Bank as long as you find a bank that would be willing to open an account for the IBC and NOT you. It could be in any country... plus the IBC can offer deposits through an online payment service through its merchant account and customers will be able to deposit even with their Debit/Credit Cards. If income is earned outside Belize, there is NO TAX.

Pls explain more how we can do this in a decentralized way ASAP....thank you....also trust how to fix that

edit: we still need to trust the person doing the transfers

I can't think of how a gateway could be decentralized. If there were many gateways and a uber-issuer that spread across multiple gateways, it could approximate that, but it starts getting very complicated.

Did I mention peercover is already a USD gateway. Right now. No need to wait for asset exchange. This is why I know that using ripple gives NXT a strategic edge. All of the fiat regulation is dealt with by the ripple gateways. Any NXT/fiat gateway would need to do all the same sort of things anyway

James