NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

NB: http://wiki.nxtcrypto.org/wiki/Whitepaper:Nxt contains an old code without TF.

[1715302020]

1715302020

[1715302020]

1715302020

[1715302020]

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[1715302020]

1715302020

[l8orre]

Hey Guys,

is the Asset Exchange feature functional already? sorry if I missed it if it was discussed already
cheers,
l8

[Passion_ltc]

a thread was started within the biggest german pokercommunity (overall 6.5m members)

http://de.pokerstrategy.com/forum/thread.php?threadid=1569974

I try to keep it updated as well

This is a great marketing opportunity....can someone please give nakaone some support in this initiative.

We could spend some unclaimed coins for that. Create a poll if u think it's a good idea.

I should have mentioned someone who speaks German...

I speak German. It's only a poker forum, which has nothing to do with cryptocurrency. There is a thread about Bitcoin. But well, it isn't worth giving a bounty for that. Or else everyone could post NXT to a big forum and get NXT for that.

[cryptohunter]

why in my cmd window do i just see this message over and over



java.nio.channels.unresolvedaddressexception

and i only see that i am connected to local host nodes??

[pinarello]

a thread was started within the biggest german pokercommunity (overall 6.5m members)

http://de.pokerstrategy.com/forum/thread.php?threadid=1569974

I try to keep it updated as well

This is a great marketing opportunity....can someone please give nakaone some support in this initiative.

We could spend some unclaimed coins for that. Create a poll if u think it's a good idea.

again

[CIYAM]

I would like to make a few of observations from the point of view of Bitcoin (and perhaps Litecoin) investors who have recently taken an interest in Nxt.

1) This project is being managed and run quite well - you guys are delivering results and improving the code constantly - this is creating a lot of interest.

2) Don't worry so much about all the "bells and whistles" now - get the basic stuff working solidly and keep to strict plans - nothing better than a project that runs smoothly and improves constantly.

3) "The revolution will not be centralised" - stick to this and keep the bounties going for small projects that help do this and help get the initial NXT spread around more.

[landomata]

a thread was started within the biggest german pokercommunity (overall 6.5m members)

http://de.pokerstrategy.com/forum/thread.php?threadid=1569974

I try to keep it updated as well

This is a great marketing opportunity....can someone please give nakaone some support in this initiative.

We could spend some unclaimed coins for that. Create a poll if u think it's a good idea.

I should have mentioned someone who speaks German...

I speak German. It's only a poker forum, which has nothing to do with cryptocurrency. There is a thread about Bitcoin. But well, it isn't worth giving a bounty for that. Or else everyone could post NXT to a big forum and get NXT for that.

someone could organize a tournament where the pot is 100,000 Nxt or something...would give good publicity.

[jl777]

NB: http://wiki.nxtcrypto.org/wiki/Whitepaper:Nxt contains an old code without TF.

That is the only code I had. Is there new code with TF I can use. In the whitepaper I prefaced the Transparent Forging section by stating we had to understand normal forging process first.

James

[Passion_ltc]

a thread was started within the biggest german pokercommunity (overall 6.5m members)

http://de.pokerstrategy.com/forum/thread.php?threadid=1569974

I try to keep it updated as well

This is a great marketing opportunity....can someone please give nakaone some support in this initiative.

We could spend some unclaimed coins for that. Create a poll if u think it's a good idea.

I should have mentioned someone who speaks German...

I speak German. It's only a poker forum, which has nothing to do with cryptocurrency. There is a thread about Bitcoin. But well, it isn't worth giving a bounty for that. Or else everyone could post NXT to a big forum and get NXT for that.

someone could organize a tournament where the pot is 100,000 Nxt or something...would give good publicity.

Maybe when ola presents the decentralized poker game. Not before.

[salsacz]

4. NXT marketing & promotion?

here it is, I started with gathering the links:
https://bitcointalk.org/index.php?topic=412243.msg4465984#msg4465984

[nakaone]

a thread was started within the biggest german pokercommunity (overall 6.5m members)

http://de.pokerstrategy.com/forum/thread.php?threadid=1569974

I try to keep it updated as well

This is a great marketing opportunity....can someone please give nakaone some support in this initiative.

We could spend some unclaimed coins for that. Create a poll if u think it's a good idea.

I should have mentioned someone who speaks German...

I speak German. It's only a poker forum, which has nothing to do with cryptocurrency. There is a thread about Bitcoin. But well, it isn't worth giving a bounty for that. Or else everyone could post NXT to a big forum and get NXT for that.

someone could organize a tournament where the pot is 100,000 Nxt or something...would give good publicity.

I am not the intial opener of the thread but already contacted him. I'll keep it updated with information from here. Poker players in general are interested in cryptocurrencies and investment opportunities.

[nexern]

I think we need to open some threads based on functionality instead of another thread when everything stays in the same place which  is the same as this original thread.
We should have at least three more threads like this:

1. NXT full feature clients - progress tracking thread  

2. NXT security and user interface improvement - progress tracking thread

3. NXT arbitrary message and mobile application - progress tracking thread

There threads will run parallel with the main thread here and the NXT source  code report here https://bitcointalk.org/index.php?topic=397183.0

This will at least bring some organization to grass-root development we have here.

I already prepare materials to open the NXT full feature clients - progress tracking thread which will then be linked to nextcoin and nxtcrypto forum so all specific updates regarding full feature client can go there.

Someone should do the same for other thread and keep them updated.

4. NXT marketing & promotion?

YES.

This is the thread I did for the full feature clients https://bitcointalk.org/index.php?topic=412138.0. I am going to track down nexern, macrus3 and benmanga and makethem update there occasionally. The Nxt source code flaw thread has been very successful.
https://bitcointalk.org/index.php?topic=397183.0

We will have several threads like that running parallel with the main thread.

juts a few words about the client.

the dev differs a little because the whole gui is dynamically created and rendered
during runtime. this means every single tiny gui-widget/element is custom made
and has to defined and created manually.
while this takes more time than a usual approach, where you just plug in a
gui framework, providing a pre-defined set of gui widget, it has, once made
many advantages. cross-os, tiny executable, no dependencies, no bloat with
images etc. moreover this approach gives 100% flexibility in creating gui
components you can't find currently at the market or if exist, you have to
pile up your dev-stack again until it's geting instable or complicating and
bloated again. the goal is to keep the full featured client < 1mb, i will keep that.

to show what i mean just an example. for the hive i was looking for a flexible
2d/3d heatmap. instead using stuff from the bar i just coded my own version,
giving me max. flexibility todo stuff like this and much more usefull visualization:

http://87.230.14.1/download/0001.png

or more strange like this:

http://87.230.14.1/download/0002.png

and very strange like this:

http://87.230.14.1/download/0003.png

every single dot you see here is made from pure code, nothing else.

btw, have you seen the interesting layered pattern in 0002 every time the
trend is rising?

finaly this approach enables me to add new modules later like this:  

http://87.230.14.1/download/thisway.gif    

[ifightformerkel]

a thread was started within the biggest german pokercommunity (overall 6.5m members)

http://de.pokerstrategy.com/forum/thread.php?threadid=1569974

I try to keep it updated as well

This is a great marketing opportunity....can someone please give nakaone some support in this initiative.

We could spend some unclaimed coins for that. Create a poll if u think it's a good idea.

I should have mentioned someone who speaks German...

I speak German. It's only a poker forum, which has nothing to do with cryptocurrency. There is a thread about Bitcoin. But well, it isn't worth giving a bounty for that. Or else everyone could post NXT to a big forum and get NXT for that.

I think you dont know pokerstrategy.
Its not only a poker forum, its the biggest pokerforum worldwide with 2+2.
There are a lot of people with very very lot of money.

[GCInc.]

For example, if your posts includes info about new exchanges, there is a strong likelyhood that the entire thread will be suspended as happened with the peercover thread on nextcoin.org

Yesterday I sent out a newsletter where I touched upon the manipulation tactics that you and your team are using. An example of those is that the above propaganda is not true. Peercover thread was not suspended, it was moved to trash folder as my requests to one of your puppets to change the opening post to not bash DGEX were not fulfilled. From that thread move you got more fuel to bolster your claims of manipulation and censorship. You know all well that when a forum has thousands of members it needs strong moderator activity. Trying to slip through that with unacceptable childish business practices and claiming suppression, is, yes, naive.

All appropriately discussed competing exchanger threads are in good standing on nextcoin.org.

As for DGEX operations, I don't know why you make such a fuss over it, other than your own covert agenda. Why not concentrate on bringing your own business advantages to the community instead of hanging onto what you consider the bad sides of your competitor. That actually starts to look rather pathological.

[utopianfuture]

Do you guys know what soft/extension I can use for using aliases in browser?

I was using 22k so far, but doesn't seem to be updated with the link reassignments..

This browser extension is made by our wesleyh http://nxtra.org/alias/

[jl777]

What do you think, where the NXT Price can go in the next 12 - 24 month?
1 Dollar or even more?

Ignoring speculative crazy prices, NXT price will be based on its expected yield. With current limited functionality, the annual yield is estimated to be around 0.5%, not really much to get excited about. However, with a decentralized creation of independent groups, each working to generate transaction fees, we are hopeful for a significant increase in yield.

Since NXT yield is in NXT, there is no reference to fiat or even BTC that the positive yields can be mapped to. The closest model that can be used is growth stocks PE ratios, but still we have the problem of mapping to fiat. Ultimately the market will do this mapping, but assuming that we can count on a stable floor value that is around 50% of the alltime high (one week average, not spot price), then the value of NXT in fiat would be:

(50% of alltime high in fiat) * (lifetime sum of expected forging revenues)

Let us use 4 cents as the first value, as we seem to be stabilized at .00005 BTC for now.

At average 5% annual yield, compounded 10 years -> 68% increase, 20 years -> 165% increase
At average 10% annual yield, compounded 10 years -> 159% increase, 20 years -> 572% increase
At average 15% annual yield, compounded 10 years -> 4 times increase, 20 years -> 16 times increase

Once NXT starts yielding double digit percentages, the valuation increases will become quite significant. Compounding these yields year after year leads to some crazy big lifetime forging revenues. As each new features adds new ways for NXT to generate transaction fees, as the years go by, not only are the NXT compounding, the rate at which they grow also increases. The gains NXT makes in growing the transaction fees will be precisely measurable.

The big wildcard is the longevity the market will assume NXT will have. I am using 10 years and 20 years, but the market will use different durations.

What I am talking about is the fundamental value of NXT, not some speculative here today gone tomorrow bubble price. If the fundamental value of NXT is 50 cents, who knows what sort of price the speculators will bid it up to.

Anyway, I am glad your question is framed in the 1 to 2 year timeframe. I recommend NXT at current prices and just put it away for a while. Not too much, you need to be able to sleep at night regardless of what the crazy market price is doing.

James

[landomata]

finaly this approach enables me to add new modules later like this:  

http://87.230.14.1/download/thisway.gif    

EPIC 

[coolfish]

What do you think, where the NXT Price can go in the next 12 - 24 month?
1 Dollar or even more?

Ignoring speculative crazy prices, NXT price will be based on its expected yield. With current limited functionality, the annual yield is estimated to be around 0.5%, not really much to get excited about. However, with a decentralized creation of independent groups, each working to generate transaction fees, we are hopeful for a significant increase in yield.

Since NXT yield is in NXT, there is no reference to fiat or even BTC that the positive yields can be mapped to. The closest model that can be used is growth stocks PE ratios, but still we have the problem of mapping to fiat. Ultimately the market will do this mapping, but assuming that we can count on a stable floor value that is around 50% of the alltime high (one week average, not spot price), then the value of NXT in fiat would be:

(50% of alltime high in fiat) * (lifetime sum of expected forging revenues)

Let us use 4 cents as the first value, as we seem to be stabilized at .00005 BTC for now.

At average 5% annual yield, compounded 10 years -> 68% increase, 20 years -> 165% increase
At average 10% annual yield, compounded 10 years -> 159% increase, 20 years -> 572% increase
At average 15% annual yield, compounded 10 years -> 4 times increase, 20 years -> 16 times increase

Once NXT starts yielding double digit percentages, the valuation increases will become quite significant. Compounding these yields year after year leads to some crazy big lifetime forging revenues. As each new features adds new ways for NXT to generate transaction fees, as the years go by, not only are the NXT compounding, the rate at which they grow also increases. The gains NXT makes in growing the transaction fees will be precisely measurable.

The big wildcard is the longevity the market will assume NXT will have. I am using 10 years and 20 years, but the market will use different durations.

What I am talking about is the fundamental value of NXT, not some speculative here today gone tomorrow bubble price. If the fundamental value of NXT is 50 cents, who knows what sort of price the speculators will bid it up to.

Anyway, I am glad your question is framed in the 1 to 2 year timeframe. I recommend NXT at current prices and just put it away for a while. Not too much, you need to be able to sleep at night regardless of what the crazy market price is doing.

James

But you should know that the NXT distribution is highly concentrated..
Without the right price, who would sell out NXT? If they did not sell, how to have more people involved, NXT only a few thousand people a game? Do not get too attached technology, while ignoring market

[Asian Prepper]

anyone know where i can find some technical details about the operation of emunie? I need to figure out by the end of the month whether to drop some capital into this thing but its hard to find specs. i read somewhere that the money supply is elastic so thats concerning but i also read somewhere else that node operators are the ones who receive the new money and having emunie is what allows you to operate a node.

You are the author of this article correct?

https://docs.google.com/document/d/1E_ToOMG2l1XThx6YnyXEajXaf6H1k2yjq8XkAF0ScB4/edit

Can I have your permission to publish your article on my www.PrisonOrFreedom.com blog?

Are you available for a skype interview about what you wrote?

[salsacz]

a thread was started within the biggest german pokercommunity (overall 6.5m members)

http://de.pokerstrategy.com/forum/thread.php?threadid=1569974

I try to keep it updated as well

This is a great marketing opportunity....can someone please give nakaone some support in this initiative.

this is only one of many... there already is starcraft and poker idea, but there will be a huge number of many other online games played for Nxt. Not only 3Dgames or casinos, but also tournaments in online trading card games...