NXT :: descendant of Bitcoin - Updated Information

[marcelus]

ethereum has some interesting features. esp. the DACs getting my attention.
some questions for those with a fresher overview about this:

1. DACs are first defined by a company called invictus?
2. is there any real working DAC in any running system now?
3, if so, where and what kind of task?
4. would it make sense to create DACs for nxt?
5. if so, would this lead into real media attention or is this just buzz?

1. Yes, Daniel Larimer (bytemaster) is the coiner of the phrase.
2. Bitcoin and many many other crypto-protocols
3. See no.2
4. NXT is a DAC but could be subdivided into smallers DACS by forking the protocol like protoshares will be forked to bitshares, etc.
5. No it wouldn't lead to any extra attention

[admiral.fu]

I just watched "Love and other drugs" and it almost feels like NXT is in the same stages when Pfitzer was doing clinical testing for cold medicine sildenafil citrate. It is a nice story, look it up.

[BldSwtTrs]

ethereum has some interesting features. esp. the DACs getting my attention.
some questions for those with a fresher overview about this:

1. DACs are first defined by a company called invictus?
2. is there any real working DAC in any running system now?
3, if so, where and what kind of task?
4. would it make sense to create DACs for nxt?
5. if so, would this lead into real media attention or is this just buzz?

1. Yes, Daniel Larimer (bytemaster) is the coiner of the phrase.
2. Bitcoin and many many other crypto-protocols
3. See no.2
4. NXT is a DAC but could be subdivided into smallers DACS by forking the protocol like protoshares will be forked to bitshares, etc.
5. No it wouldn't lead to any extra attention

Can we build DACs on top of NXT?

PS : PTS will not be forked to BTS. BTS will consists of several blockchains, PTS entitle future property of the tokens of these several BTS blockchains.

[msin]

I think NXT market gains should be measured from the value of initial release (~$1 million), not the 21BTC as that is a token amount and does not represent real world development costs.

James

Good idea.

"Do not pay much attention to the price of 1 NXT measured in fiat money." - BCNext

But the price of 1 Nxt measured in BTC is falling, although there were several good news in the last few days. I couldn't convince one of my friends whom funds I am managing to hold on his Nxts, so I bought his stake. I really hope it wasn't a bad decision of me.

People selling Nxt aren't going to be able to stomach the long term.  I remember seeing BTC fall from $31 to $2 in 2011.  It stayed around $2-$5 for so long.  I look at Nxt as a long term investment.  I'm not looking for any kind of return and I certainly wouldn't measure that in $'s.  Was your friend looking for a quick return to buy something?  Regardless, you made a very smart decision.  

[nexern]

ethereum has some interesting features. esp. the DACs getting my attention.
some questions for those with a fresher overview about this:

1. DACs are first defined by a company called invictus?
2. is there any real working DAC in any running system now?
3, if so, where and what kind of task?
4. would it make sense to create DACs for nxt?
5. if so, would this lead into real media attention or is this just buzz?

1. Yes, Daniel Larimer (bytemaster) is the coiner of the phrase.
2. Bitcoin and many many other crypto-protocols
3. See no.2
4. NXT is a DAC but could be subdivided into smallers DACS by forking the protocol like protoshares will be forked to bitshares, etc.
5. No it wouldn't lead to any extra attention

thx for the info marcelus, it seems i have had a totally different approach in understanding DACs.
calling bitcoin a DAC seems not very logic to me, autonomous neither, perhaps i mixed up with
smart contracts.

[msin]

Im 100% with jl777 on moving away from AM to 'arbitrary data'.

Or something more sexy, like Distributed Storage.

Or Blockchain Cloud

Get creative, guys!

Or just call it Nxt Message, because messaging is what it is and I like messaging.

[salsacz]

For those who missed it:
New Blog post:
NxtMyths 1. Nxt is not a scam, it wasn’t created by anonymous developers
= chapter 1 from my NxtMyths paper, will be used as a documentation for the Nxtmyths video
by: SalsaCZ

+ I would like share some marketing plans in the Nxt PR Marketing thread: https://bitcointalk.org/index.php?topic=412243.msg4555415#msg4555415, feel free to comment!

Hi salsacz, thanks for your great paper.

BTW, I'm curious that how do you know BCNext is 35+ years old, CfB is 34 years old, and Jean-Luc is 30+ years old and hold PhD? Thanks.

sorry for the delay, I added citations to the paper, now you can see where the sources come from:
http://nxtcoin.blogspot.cz/2014/01/nxtmyths-1-nxt-is-not-scam-it-wasnt.html
+ there are some new quotes about BCnext..

[NxtChg]

!!! http://www.cryptocoinsnews.com/2014/01/17/whats-nxt-world-cryptocurrencies/

Not to bash or anything, but such articles should be proofread.

"It is brand new [, built?] from scratch with its own code." - also phrased badly

"peer-peer" - correct is "peer-to-peer"

Your point "but it was announced 6 weeks in advance" is weak. Who cares? If you want to seriously take on inequality, this is not the way to do it. It's just a lame red herring.

Are you sure that decentralized exchange will remove all "trust points"? I don't know much about it, but if it's anything like Ripple, you will still need a lot of trust for gateways.

"(pun intended)" - what pun?

Many sentences should be rephrased, because this is crazy:

Proof of Stake doesn’t involve ‘mining’ per se, so it’s important to realize that unlike Bitcoin exists currently, and like Bitcoin will exist in 2140 when all of it is mined, all NXT that will ever exist already exists, so client wallets now forge (in NXT the term ‘mining’ is replaced with ‘forging’) for transaction fees.

"are competed"? Maybe they just compete?

"client is based on java" - it's not based on Java, it's written in Java

Anyway, the point is - proofread!

[allwelder]

Just an article about colored coin copied from other website
Plz forgive me if offensive ,especially for the original author.
https://nextcoin.org/index.php/topic,721.0.html

[baller1]

The last client show me: WARNING: system properties and/or jvm args set.

What is it?

Can anyone answer this? have the same thing,
If no one answered this poster?
Client seems to be running, but still curious.

I did some research and only found this,

https://nextcoin.org/index.php/topic,1277.msg10730.html#msg10730
bulletin 7.3

tried removing the blocks and tx., and it didn't fix this warning.
Looking at some Java forums, seems like it could be related to the start.bat?

Running 5.8 verified. Windows.
with start.bat pointed to java and
-jar start.jar

[mcjavar]

I think NXT market gains should be measured from the value of initial release (~$1 million), not the 21BTC as that is a token amount and does not represent real world development costs.

James

Good idea.

"Do not pay much attention to the price of 1 NXT measured in fiat money." - BCNext

But the price of 1 Nxt measured in BTC is falling, although there were several good news in the last few days. I couldn't convince one of my friends whom funds I am managing to hold on his Nxts, so I bought his stake. I really hope it wasn't a bad decision of me.

People selling Nxt aren't going to be able to stomach the long term.  I remember seeing BTC fall from $31 to $2 in 2011.  It stayed around $2-$5 for so long.  I look at Nxt as a long term investment.  I'm not looking for any kind of return and I certainly wouldn't measure that in $'s.  Was your friend looking for a quick return to buy something?  Regardless, you made a very smart decision.  

It was his very first crypto investment. I told him about Nxt, he gave me fiat, which I converted to BTC and bought Nxt for him at .00008
I felt guilty (although I told him several times that in the crypto world the possible roi is high because the risk is high, too) so I paid him 0.00005

[joefox]

Important announcement

BCNext devised a way to handover unclaimed coins in such a way that doesn't require multisig and still keeps the spirit of decentralization.

BCNext will choose 10 people. I'll contact these people privately to ask for an account id. Each of them will create a special account and send it to me. 1M NXT will be sent to each account (10M total, not 9M, so the community is supposed to subsidize the public nodes by itself). Jean-Luc will be asked to add a special code that blocks outgoing transactions from these special accounts. When the community decides how to spend part of the unclaimed coins, Jean-Luc will change the code to allow partial withdrawals possible. 10 chosen ones will send 1/10th of the required amount to the account the funds r supposed to go to.

I think this is a good idea, badly implemented.  Instead of changing code to make 10 accounts special, why not prioritize the Account Control feature and then implement this plan using THAT?

[smartwart]

Just an article about colored coin copied from other website
Plz forgive me if offensive ,especially for the original author.
https://nextcoin.org/index.php/topic,721.0.html

cool,

You has done a great work, but please reference to the paper or mark it as an summery of it.
That would make it more "consistent" in eyes of some kind of people.

Some weeks ago I was starting an similar thread in german sub forum with, lets say, not so much resonance ;-)
Maybe the client with assets will change the situation...

cheers

[allwelder]

CfB,

result of the rewards vote for sites and social media.

would you be so kind to pay the people that won, thank you.

S3MKi               82 (31.3%)
allwelder       57 (21.8%)
Mac Red       42 (16%)
yulkisa       39 (14.9%)
Damelon       13 (5%)
Passion_ltc       11 (4.2%)
Coinonaer       8 (3.1%)
apenzl       3 (1.1%)
Mises_77       3 (1.1%)
pablito89       2 (0.8%)
^[GS]^       2 (0.8%)


1) 50,000
2) 30,000
3) 20,000
4) 5,000
5) 5,000
6) 5,000
7) 5,000
8)3,000
9)3,000
10)3,000
11)2,000

Any chance that u have their accounts ready?

I will provide them to you.

Winners can you sent me the accountnumbers please

received.
Thank you again Pin and CFB.
I and my employee would continue to do something for Nxt in China as more and far as possible.

[Armando]

The last client show me: WARNING: system properties and/or jvm args set.

What is it?

Can anyone answer this? have the same thing,
If no one answered this poster?
Client seems to be running, but still curious.

I did some research and only found this,

https://nextcoin.org/index.php/topic,1277.msg10730.html#msg10730
bulletin 7.3

tried removing the blocks and tx., and it didn't fix this warning.
Looking at some Java forums, seems like it could be related to the start.bat?

Running 5.8 verified. Windows.
with start.bat pointed to java and
-jar start.jar

I have the same warnings, but eberything seems to be OK with my wallet

[bizz]

People selling Nxt aren't going to be able to stomach the long term.  I remember seeing BTC fall from $31 to $2 in 2011.  It stayed around $2-$5 for so long.  I look at Nxt as a long term investment.  I'm not looking for any kind of return and I certainly wouldn't measure that in $'s.  Was your friend looking for a quick return to buy something?  Regardless, you made a very smart decision. 

There are only 2 long term investments in my crypto portfolio. BTC and NXT. I can't see anything else worth waiting.

[allwelder]

Important announcement

BCNext devised a way to handover unclaimed coins in such a way that doesn't require multisig and still keeps the spirit of decentralization.

nice idea

[msin]

People selling Nxt aren't going to be able to stomach the long term.  I remember seeing BTC fall from $31 to $2 in 2011.  It stayed around $2-$5 for so long.  I look at Nxt as a long term investment.  I'm not looking for any kind of return and I certainly wouldn't measure that in $'s.  Was your friend looking for a quick return to buy something?  Regardless, you made a very smart decision. 

There are only 2 long term investments in my crypto portfolio. BTC and NXT. I can't see anything else worth waiting.

Nxt is the first alt I've ever purchased.  I never even considered LTC or anything other than BTC....until now.

[msin]

@CFB.  I have a question regarding AM.  Can we make messages sent to any particular account public?  I was thinking we could use public messages as a feedback/trust system.  For example, if account "x" was selling something, I could go on blockchain explorer, lookup up that particular account, view public messages sent from previous users who had successfully purchased from account "x".  Thanks.

They r public by default.

Great, that's what I thought.  I'll see if nexern would be able to implement into Blockchain

Heard back from Nexern on including public messages (reputation system) with each account in BlockChain explorer as well as his new client.  He is going to include it.  We can now use public AM as a feedback/reputation system, since the transaction # will be associated with the message, you can check to make sure the transaction and feedback was legit and associated with a particular item for sale.  This will allow us to create simple listing markets (craigslist style), where most of the transaction can happen within the client from reputable sellers.

Still need some innovation but it's a step closer.

Would love to hear some input on this, before it gets buried in posts.

[DeadlyEskimo]

NXT could use more support at http://bitvestor.info, maybe a thread discussing main features and future potential. At close to 1000 visits a day, it could be good for NXT! Quality content is always more effective!

Disclosure: I own bitvestor.info and have a decent size stake in NXT