NXT :: descendant of Bitcoin - Updated Information

[mcjavar]

iPhone app - iNxt RELEASED

New version with bug fix already sent to Apple!



For now functions are:

-It takes the price to DGEX
-Charts from nextcoin.pw
-Check the balance of an account
-Check transaction
-Alias<>account



If you want tu suggest new function i will be happy to add it!

i have not get any bounty or donation, if you appreciate my work please donate: 4894174904569783391


AppStore link:https://itunes.apple.com/us/app/inxt/id802351888?l=it&ls=1&mt=8

Can't download it from Austria

[1714222757]

1714222757

[1714222757]

1714222757

[rriky92]

Can't download it from Austria

wait some times it has just been released maybe Apple need to propagate it in each server

[brooklynbtc]

Update on NXT Event Marketing Project



https://nextcoin.org/index.php/topic,3441.0.html

 Briefly:
Information cards printed with redemption codes and URL information for client downloads to be handed out at Conferences and Crypto events.

The cards will be centrally printed and redemption codes generated for specific events, tied to the promoting users name, date, and location so we will be able to judge the adoption rate of new users.

Cards will be shipped at no charge to requesting users for applicable events.

Security features will be implemented to prevent abuse, and redemption codes will be date limited to prevent hoarding.

UPDATES
www.getnxt.co has been purchased as a domain
WesleyH has agreed to customize the faucet and help with the DB functions
Plenty of people have voiced their offers of translation and funding, Thanks and I will be in touch.

Please comment at https://nextcoin.org/index.php/topic,3441.0.html if you wish to contribute, request cards for an event, or have any questions.

Thanks
Jefdiesel

[NxtChg]

asking again, can someone help me change my name on this forum?

You need to PM theymos.

[gbeirn]

iPhone app - iNxt RELEASED

New version with bug fix already sent to Apple!



For now functions are:

-It takes the price to DGEX
-Charts from nextcoin.pw
-Check the balance of an account
-Check transaction
-Alias<>account



If you want tu suggest new function i will be happy to add it!

i have not get any bounty or donation, if you appreciate my work please donate: 4894174904569783391


AppStore link:https://itunes.apple.com/us/app/inxt/id802351888?l=it&ls=1&mt=8

Can't download it from Austria

Also says it isn't available in the U.S.

Edit: Had to update my iTunes, its working now

[klee]

"From what I've understood the rig doesn't matter. What matters is how many coins you have in your wallet. And unless you have millions I don't think you will be forging much of anything. Please correct me if I'm wrong.

I agree that mining coins wastes of a lot of energy (Proof of work algorithms) but how does rewarding the rich for being rich (Proof of stake algorithms) make any sense at all?

An early adopter or developer that owns a huge percentage of a POS coin will be getting paid more and more for doing nothing. In POW an early adopter gets richer only if the coin actually raises in value and once he spends the coins they are gone. In POS they just keep generating more out of thin air. That is just ridiculous.


Obviously investing in a successful POS coin would me much more beneficial for ME than investing in a successful POW coin. The problem is that it won't be beneficial for others. It's just not a good way of distributing value.

For example lets say you managed to mine or buy a 1% position in POWcoin in the first month. Lets say this coin was successful and price and hashrate increased significantly after that. In order to maintain that 1% position you would have to spend ever greater amounts of money on either mining power or through direct purchasing of the coin to maintain that 1% position. If not then your position would continue to get diluted and it isn't a bad thing. For a currency to function it needs widespread adoption.

Now with POScoin you acquire a 1% position in the coin the first month and basically have to do nothing to maintain that position in the future except not sell.

In the future when BTC prices would stabilize every coin I spent would be gone. If I want to make 1 coin back I'm going to have to provide value to other people in society for them to pay me it.
With NXT I don't have to provide anything at all. I basically get paid for being rich. I can just spend the extra coins that I generate from being rich and never lose my wealth despite that fact that I am a parasite to society and offer NOTHING back. Kind of like royalty, a birthright to be rich.


What initially brought me into cryptos was the possibility of making a monetary profit. What kept me in cryptos was the realization that it can offer humanity much more. You post articles and videos of people like Andreas M. Antonopoulos all the time so you are already know what I'm talking about. I'm interested in the technology as a whole. The possibility of having aspects of society run algorithmically instead of legally. That is why it is of great importance for the underlying algorithms to represent the best social values that they can.

I didn't say the situation will get worse for those holding only a few bitcoins. I said that all people holding bitcoins won't preserve their current percentage of the coins in circulation and that is a good thing. They won't be rewarded just for owning coins either and that is also a good thing.

It seems to me that the distribution of wealth in a bitcoin economy can be altered much more easily in comparison to a 100% PoS coin economy simply because of the fact that spent coins do not somehow reappear in the wallet of the spender just because he happens to own a lot of coins.

One huge thing that bitcoin has going for it is that it is already very well established.
For now I'm waiting to see what new technologies will be layered over the current bitcoin network and what effects they will have on the bitcoin ecosystem. I just don't see a pure POS algo as being an improvement as far as social organization is concerned. In fact it seems like quite the opposite."

From a discussion in my FB page (I quote the other guy).
What are your thoughts?

[Anon136]

This analysis ignores opportunity cost. When opportunity costs are taken into consideration, owning 1million coins is no more beneficial than owing 1 coin. Except for the sense in which being wealthy is, in general, better than the alternative.

[opticalcarrier]

Ive modified Jean-Lucs awesome vanity generator that lets you search for consecutive digits.  The modification allows you to search for short account numbers (accounts with lots of leading zeros).  I have a .zip file of the .java source and the compiled .jar attached to a post on nxtcrypto forums.  While I can assure you this will not send any passphrases to any remote server, I cant assure you this will not set your computer on fire (Im just pretending to be a programmer here).  So far I've been able to generate an account with as few as 11 digits!

Usage: java -jar Vanitylen.jar [MAX_ACCT#_LENGTH] [SECRET_PREFIX]
if only 1 option is specified it is assumed to be [MAX_ACCT#_LENGTH]

As Jean-Luc's previous warning also applies I will repeat it:

For a given user-supplied secret prefix, the sequence of generated account numbers is always the same. This is in order to keep the number of characters appended to the secret prefix small. So it is extremely important that you pick up a strong secret prefix. Anybody who can guess your secret prefix can just run this program with it to arrive at your full secret phrase. This obviously doesn't apply when you let the program generate the secret phrase randomly (i.e., running it without any parameters).

The sha256 for my .zip file is
250ba45db957575d93d239aab523eae82e9001efdc8953b98452a96fa55e7957

The .zip file is available at
https://forums.nxtcrypto.org/viewtopic.php?f=2&t=652#p3071

[ChuckOne]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.5.10

http://download.nxtcrypto.org/nxt-client-0.5.10.zip

sha256: 9cbe87450f6ed23f8cb881026e44dcee46108101c0de0d40989cbd6215ce233a

Change log:

This is a bugfix release. All users of 0.5.9 and earlier should upgrade.

Fixed a bug in Transparent Forging. The fix will take effect at block
51000. Users who don't upgrade by this block will be left out on a fork.

Fixed a minor bug in peer weight calculation.


Progress report:

The refactoring of 0.6.0 is going well. The Nxt project now consists of
86 java files instead of 1. I will proceed to work on persisting blocks
and transactions in a database some time next week. I do not plan to
release 0.6.0 until absolutely necessary, because it does not contain
any new user visible features and at this point is likely less stable
than the 0.5.x series. Urgent bugfixes and new API's, if needed, will
still be added to 0.5.x. Any Nxt clone projects that have been eagerly
awaiting the 0.6.x series, so that they can benefit from my refactoring
work for free, will have to continue waiting, while we make progress.

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

Nice to hear. As a software engineer, I like refactoring. +1

[NxtChg]

Well, taking a break from the heated discussion was good: the C++ version of the New Address Format is 99% complete.

Need to port it to PHP and JS and we can roll.

[brooklynbtc]

An early adopter or developer that owns a huge percentage of a POS coin will be getting paid more and more for doing nothing. In POW an early adopter gets richer only if the coin actually raises in value and once he spends the coins they are gone. In POS they just keep generating more out of thin air. That is just ridiculous.

Making captial by holding capital is called interest.

PLUS NXT has so much more to offer to the world, AM, Alias, TM, Colored Coins, that NXT is not just a currency. Our holding and PoS forging is our payment for recognizing the chance and taking it.

I live in NYC, this city is full of people's names who made MILLIONS and BILLIONS by being the first to do something. Kerosene and Gasoline made Rockefeller RICH by being the guy that knew how to make it. Braided Steel Cables, Rubber Tires, Copper Wires, Light Bulbs. These are all things that have made the world better and singular men RICH beyond their means. They also spawned whole industries that made MILLIONS more peoples lives better and wealthier.

IF NXT works as it is planned, it has a chance to disrupt some of the most valuable companies in the world. Google, Visa, All the Banks, Stock Markets, and Global Trade. There is PLENTY of room for everyone else to be a part of this.

We get to be the Pratt's, the Roebling's, The Edison's of this generation by all of our insight and work towards a BETTER world.

PS Long on NXT!

[ChuckOne]

I got two questions:

Will NXTs loose their value when PoS starts being irrelevant?

Who is securing the network when PoS is not necessary anymore?

[gs02xzz]

http://www.ebay.com/itm/1887-Morgan-PCGS-MS-62-Free-Shipping-Philadelphia-Mint-Silver-1-Dollar-/161200343188?pt=Coins_US_Individual&hash=item25884a0894

We accept Paypal, Bitcoin, Litecoin, and Nxt coin.

somebody we know here?

Someone from Holden, Missouri, United States!

[admiral.fu]

I heard somebody said Next is going to be 30$ in 2 years, what do you guys think? for 1 year and 2 year?

That "somebody" was wrong. By the end of this year we'll see 100$ for 1 NXT.

Don't get too excited - could be a huge dollar-crash as well 

Absolutely valid point!

[rriky92]

iPhone app - iNxt RELEASED

New version with bug fix already sent to Apple!

IMAGE

For now functions are:

-It takes the price to DGEX
-Charts from nextcoin.pw
-Check the balance of an account
-Check transaction
-Alias<>account



If you want tu suggest new function i will be happy to add it!

i have not get any bounty or donation, if you appreciate my work please donate: 4894174904569783391


AppStore link:https://itunes.apple.com/us/app/inxt/id802351888?l=it&ls=1&mt=8

http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=14525138068236148961 thanks for donation!

[martismartis]

Who's running NRS 0.5.10? How does it perform for you so far?

Getting errors:

[2014-01-23 23:29:24.100] NRS 0.5.10 started successfully.
[2014-01-23 23:54:12.956] DEBUG: Failed to analyze hallmark for peer geodreieck.redirectme.net
java.nio.BufferUnderflowException
   at java.nio.Buffer.nextGetIndex(Buffer.java:498)
   at java.nio.HeapByteBuffer.getInt(HeapByteBuffer.java:355)
   at Nxt$Peer.analyzeHallmark(Nxt.java:3100)
   at Nxt$Peer.connect(Nxt.java:3268)
   at Nxt$2.run(Nxt.java:6084)
   at java.util.concurrent.Executors$RunnableAdapter.call(Executors.java:471)
   at java.util.concurrent.FutureTask$Sync.innerRunAndReset(FutureTask.java:351)
   at java.util.concurrent.FutureTask.runAndReset(FutureTask.java:178)
   at java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(ScheduledThreadPoolExecutor.java:178)
   at java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(ScheduledThreadPoolExecutor.java:293)
   at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1145)
   at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:615)
   at java.lang.Thread.run(Thread.java:724)

hmmmmm?

[Zahlen]

Well, taking a break from the heated discussion was good: the C++ version of the New Address Format is 99% complete.

Need to port it to PHP and JS and we can roll.

Looking forward to safer addresses.  

[starik69]

Oh, "Recent blocks [-1778]" in 5.10 and "Re-scanning blockchain..."

[BCFrex]

http://www.ebay.com/itm/1887-Morgan-PCGS-MS-62-Free-Shipping-Philadelphia-Mint-Silver-1-Dollar-/161200343188?pt=Coins_US_Individual&hash=item25884a0894

We accept Paypal, Bitcoin, Litecoin, and Nxt coin.

somebody we know here?

Someone from Holden, Missouri, United States!

nice I like silver coins!

[Daedelus]

"From what I've understood the rig doesn't matter. What matters is...

...concerned. In fact it seems like quite the opposite."

From a discussion in my FB page (I quote the other guy).
What are your thoughts?

I will have a go at this one, Klee…to check my own understanding.

"From what I've understood the rig doesn't matter. What matters is how many coins you have in your wallet…
Correct
And unless you have millions I don't think you will be forging much of anything. Please correct me if I'm wrong.
Correct, in the same way that your laptop can’t compete with ASICs in Bitcoin. The percentage Return on investment is the same if you have one coin or 1 million. You’ll  only get one million by investing fiat or being really, really helpful to the community and getting it through bounties (bonuses for good deeds). Owning millions of coins is analogous to having a huge mining farm, both take a huge amount of money to get.

I agree that mining coins wastes of a lot of energy (Proof of work algorithms) but how does rewarding the rich for being rich (Proof of stake algorithms) make any sense at all?
It is the same for bitcoin and all its alts, those who have the largest mining power get more of the coins. Both reward the rich, those with the most coins/best mining rigs get the lions share.

An early adopter or developer that owns a huge percentage of a POS coin will be getting paid more and more for doing nothing.
The owners of the coins must forge to get anything, which supports the network to get coins. This isn’t doing nothing, without the network there is no coin.

In POW an early adopter gets richer only if the coin actually raises in value and once he spends the coins they are gone. In POS they just keep generating more out of thin air. That is just ridiculous.
The coins come from the transaction fees of the community, making payments, getting Alias’ and generally moving the coins around. They don’t come out of nothing. And when they are spent, they are gone (with transaction fees shared to the forgers).


Obviously investing in a successful POS coin would me much more beneficial for ME than investing in a successful POW coin. The problem is that it won't be beneficial for others. It's just not a good way of distributing value.
Perhaps, if you concentrate on the benefit of the coins to other people. I think the Chinese will value an anonymous P2P exchange.

For example lets say you managed to mine or buy a 1% position in POWcoin in the first month. Lets say this coin was successful and price and hashrate increased significantly after that. In order to maintain that 1% position you would have to spend ever greater amounts of money on either mining power or through direct purchasing of the coin to maintain that 1% position. If not then your position would continue to get diluted and it isn't a bad thing. For a currency to function it needs widespread adoption.

Now with POScoin you acquire a 1% position in the coin the first month and basically have to do nothing to maintain that position in the future except not sell.
Bitcoin is inflationary and this is one of the issues that Nxt was designed to avoid (at least at the start). Distribution is being achieved by giveaways and selling down the stake in the coins. We are monitoring the distribution and new research suggests Nxt is rapidly becoming more distributed than Bitcoin.


In the future when BTC prices would stabilize every coin I spent would be gone. If I want to make 1 coin back I'm going to have to provide value to other people in society for them to pay me it.
With NXT I don't have to provide anything at all. I basically get paid for being rich. I can just spend the extra coins that I generate from being rich and never lose my wealth despite that fact that I am a parasite to society and offer NOTHING back. Kind of like royalty, a birthright to be rich.
This would be true if Nxt was just a coin. The features, if all goes to plan, will make Nxt more valuable to society and the coin will just be the icing on the cake. It is mind boggling and quite opaque but there is already a POW prototype coin overlaid onto Nxts POS system being tested. Asset Exchange would allow BTC or any other asset to be traded P2P. No-one has grasped fully the potential of it yet because they can’t.

What initially brought me into cryptos was the possibility of making a monetary profit. What kept me in cryptos was the realization that it can offer humanity much more.
I agree.
 You post articles and videos of people like Andreas M. Antonopoulos all the time so you are already know what I'm talking about. I'm interested in the technology as a whole. The possibility of having aspects of society run algorithmically instead of legally. That is why it is of great importance for the underlying algorithms to represent the best social values that they can.
I agree.

I didn't say the situation will get worse for those holding only a few bitcoins. I said that all people holding bitcoins won't preserve their current percentage of the coins in circulation and that is a good thing. They won't be rewarded just for owning coins either and that is also a good thing.
They will be paid for supporting the network that supports many features, one of which is a coin. Look up to the horizon and wonder how asset exchange, arbitrary messages and transparent forging can change the current crypto and even digital landscape. Concentrate on the coin if you wish but you will be missing the big picture. Nxt is also not planned to be POS forever but the details are still under wraps.

It seems to me that the distribution of wealth in a bitcoin economy can be altered much more easily in comparison to a 100% PoS coin economy simply because of the fact that spent coins do not somehow reappear in the wallet of the spender just because he happens to own a lot of coins.
Spent coins go to whoever they were sent to. The transaction fee that was added to send the coins will then go to the next block to be forged. There is a chance he might get this back immediately but the way you characterise it is flawed. You could also think of the transaction fees as interest on his account or payment for keeping the network up that all the other smaller users depend (and probably not forging with) as well as the features that are just coming online.

One huge thing that bitcoin has going for it is that it is already very well established.
For now I'm waiting to see what new technologies will be layered over the current bitcoin network and what effects they will have on the bitcoin ecosystem. I just don't see a pure POS algo as being an improvement as far as social organization is concerned. In fact it seems like quite the opposite."
I disagree.



Hello everybody