NXT :: descendant of Bitcoin - Updated Information

[ebereon]

Ebereon, you should consider writing these two article requested by salsacz for bounty:

Help Nxt by writing Articles

Is here anyone, who would write excellent and long articles about:
...

- How can you mine Nxt only with solar energy?

- Nxt + Raspberry (+other similar platforms (Cubietruck)) (can be different articles, also short articles) (0 energy  forging package)

...

You can make reservations on these articles.

Nobody? This is quite open bounty before we ask people directly and make them by our own

Oh well, I think i missed that one. Thanks for the reminder

Where do I write this, just into a PDF dokument or somewhere online?

[salsacz]

Where do I write this, just into a PDF dokument or somewhere online?

you can post it directly to the NxtMarketing thread:
https://bitcointalk.org/index.php?topic=412243.0

I think we could have 5-10 articles about green energy in next 2 months...

You can provide only some basic texts, others can add some more technical info, grammar corrections, so you don't have to be afraid of the language. Then we will try to publish it at important news sites, also with cool infographics..

[^[GS]^]

As i can calculate the mining ratio? as does the explorer blockchain.


As the formula? % and NXT?

Thank you!

EXTRA: API is needed to see if X account is forging (even if only limited to the node itself)


PD: NXTio.org (Automatic Forge Plataform) is almost ready for release ... https://i.imgur.com/qIpCk7w.png

[okaynow]

Alias NXTcommunityfund = 13776816462073143763
NXT Community Fund Balance Total  : 2,127,878 NXT
USD Equivalent   : 137998.78 
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=13776816462073143763
Whales, dolphins, minnows:  Please donate today.
Your generous contribution will enable great things.

[rickyjames]

Alias NXTcommunityfund = 13776816462073143763
NXT Community Fund Balance Total  : 2,127,878 NXT
USD Equivalent   : 137998.78  
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=13776816462073143763
Whales, dolphins, minnows:  Please donate today.
Your generous contribution will enable great things.

My new sig!!!  

This is GREAT !!!  Thanks, okaynow !

So, c'mon, all you BIG BOYS, what'cha waitin' for?

[xyzzyx]

Alias NXTcommunityfund = 13776816462073143763
NXT Community Fund Balance Total  : 2,127,878 NXT
USD Equivalent   : 137998.78 
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=13776816462073143763
Whales, dolphins, minnows:  Please donate today.
Your generous contribution will enable great things.

https://i.imgur.com/UDVUqRO.png

I like!

BTW, nexern's block explorer is now reachable with the URLs

http://blocks.nxtcrypto.org/
and
http://nxtexplorer.com/

[joefox]

Wiki translation bounties calculated

I get to be Santa tonight!

This is the final list of scores for wiki translations for December 2013 and January 2014.  The wiki's "permanent home" was established near the end of December, so we're putting the two months together.

Top prize goes to Damelon, who contributed 16% of all translations on the site... but there's a little something for everybody who contributed translations.

I'm going to start sending out rewards right away.  Totals and transactions are all here: https://docs.google.com/spreadsheet/ccc?key=0AkfSNgBIzmvXdHcxSnBMUkp3bWFubzdfVmJySGVTX2c&usp=sharing

If you own one of the accounts for whom no account info is available, send me an email from your wiki account using this link to prove your identity and supply me your Nxt account number

[Zahlen]

Attention whitepaper math geeks!

Joefox has powered up our wiki. We now support LaTeX and can do really geeky things like

We also have a quick guide to LaTeX. Not sure if everyone who needs to use LaTeX already knows it, so I haven't written much yet. If anyone needs a more in-depth tutorial, just let me know


okaynow, love the 70s style motivational poster  


EDIT: Woohoo! More nxt for me!   And grats Damelon!

[mezzovide]

Wiki translation bounties calculated

I get to be Santa tonight!

This is the final list of scores for wiki translations for December 2013 and January 2014.  The wiki's "permanent home" was established near the end of December, so we're putting the two months together.

Top prize goes to Damelon, who contributed 16% of all translations on the site... but there's a little something for everybody who contributed translations.

I'm going to start sending out rewards right away.  Totals and transactions are all here: https://docs.google.com/spreadsheet/ccc?key=0AkfSNgBIzmvXdHcxSnBMUkp3bWFubzdfVmJySGVTX2c&usp=sharing

If you own one of the accounts for whom no account info is available, send me an email from your wiki account using this link to prove your identity and supply me your Nxt account number

thank you santa!   

[Damelon]

Wiki translation bounties calculated

I get to be Santa tonight!

This is the final list of scores for wiki translations for December 2013 and January 2014.  The wiki's "permanent home" was established near the end of December, so we're putting the two months together.

Top prize goes to Damelon, who contributed 16% of all translations on the site... but there's a little something for everybody who contributed translations.

I'm going to start sending out rewards right away.  Totals and transactions are all here: https://docs.google.com/spreadsheet/ccc?key=0AkfSNgBIzmvXdHcxSnBMUkp3bWFubzdfVmJySGVTX2c&usp=sharing

If you own one of the accounts for whom no account info is available, send me an email from your wiki account using this link to prove your identity and supply me your Nxt account number

\o/

The rich get richer!

Wait... what?

Nope, the people who work, even if it's a few pages get richer

Thanks, fellow translators!

[ebereon]

you can post it directly to the NxtMarketing thread:
https://bitcointalk.org/index.php?topic=412243.0

Done  

[okaynow]

Wiki Santa, i might start believing in Santa after all
Thanks & thanks to the funders of the project.

Also
everyone, thank you for your comments, 

i thought that rick's wording was rather "quotable", and also had this in mind
http://www.businessinsider.com/someone-holding-bitcoin-sign-on-college-gameday-receives-over-22-bitcoins-2013-12
An image can go a long way.

[lophie]

CfB, would the reward be at least enough to cover my costs fir the sms gateway?

[jl777]

NXT @ bitcoin magazine:
http://bitcoinmagazine.com/9826/nxt-proof-stake-new-alternative-altcoin/

"With the growing popularity of cryptocurrency, the future looks very bright for NXT"

This is a great article about NXT!

Are we in contact with eco-friendly charities? If any of them accept bitcoin, they need to stop and switch to accepting NXT.

James

[jl777]

brief recap

Bounty 100000 NXT for each of top 5 DAC's
Need community suggestions for the set of DACs that will make etherium least relevant

James

I will list them up.

Pin

Thanks!

Does eMunie have any features that NXT won't have after nexern's client comes out? I am not so worried as emunie's hatcher system seems to ensure supply will always be there to match demand, but not the other way around. I just can't see how that won't create a large downward pressure on price, but then I am no super economist like furseleer

Just to be safe, I want to make sure NXT will match up feature for feature against all challengers. NXT's TPS will make it so that in all comparisons against other second gen crypto it will win as long as we can match all the top benefits of the competition.

We just have to make sure we at least tie them on technical functionality and NXT will be to the other second gen crypto as BTC is to the other firstgen.

James

[jl777]

BOUNTY REQUEST TIP OFFER

Tipping software and API wanted. Give and ye shall receive! Details at https://forums.nxtcrypto.org/viewtopic.php?f=25&t=710


jl777, is this compatible with the bounty contest you guys are running? I'd like, as an experiment, to see if this can work without a large guaranteed bounty. But at the same time, I don't like denying bounty hunters the chance of joining your contest. What do you guys think?

I think a tipbot is a great idea! I am not familiar with how DOGE tipbot works, but clearly it works. I don't see how this affects the DAC bounties. We still need to define what DAC's will get the bounties. If you need more NXT in your bounty to get people to develop a NXT tipbot, let me know. I doubt anybody would be against having such a thing.

You are right in that the creator of the tipbot will probably get the most tips of anyone, so the bounty will just be the first NXT gained from doing this. If there are more than one person involved and it is a big enough project, they might want to cooperate.

Of course, we are decentralized, so each person gets to decide how they want to proceed.

James

[wakasaki808]

brief recap

Bounty 100000 NXT for each of top 5 DAC's
Need community suggestions for the set of DACs that will make etherium least relevant

James

I will list them up.

Pin

Thanks!

Does eMunie have any features that NXT won't have after nexern's client comes out? I am not so worried as emunie's hatcher system seems to ensure supply will always be there to match demand, but not the other way around. I just can't see how that won't create a large downward pressure on price, but then I am no super economist like furseleer

Just to be safe, I want to make sure NXT will match up feature for feature against all challengers. NXT's TPS will make it so that in all comparisons against other second gen crypto it will win as long as we can match all the top benefits of the competition.

We just have to make sure we at least tie them on technical functionality and NXT will be to the other second gen crypto as BTC is to the other firstgen.

James

btw...hatchers just clear(verify) transactions that happen within the network. At least that is how I understood it. The eMunie system manages the supply.
I guess the best way to explain it is (taken from Peachy on emunie forums)

"Think of the emu "ecosystem" as a giant ball tank.
http://25.media.tumb...jd5ryo1_500.jpg
 
Once your "inside" the ecosystem there are a fixed number of balls.  You can trade them around with each other and eventually there will be different colors (asset types) that will be freely traded "within" the ecosystem ball tank.   Thus hatcher-to-hatcher transcations are happening "inside" the walls of the ball tank and thus no need to expand (inflate) or shrink (deflate) the walls of the tank since there is "just enough" density so that everyone can transact easily (ie optimized level of fun).
 
The only way balls are added into the tank are by those wanting to "jump in" from outside the ball tank.  As they exchange fiat for balls (and no one inside the tank wants to sell them any of their balls) then the ecosystem senses this and creates new balls for everyone (50% to the hatcher / 50% evenly and proportionally to every kid in the tank based on how many balls they already own).  Once someone in the tank says "Yeah, I think I'll sell some of my balls for fiat" he places a sell order and it is distributed to the new kid who then gives him the fiat (with a minor txn cost to the dealer).

The above is a very simplistic explanation, but it allows a way to visualize how the system works."

Lot of features NXT has planned/implemented (Decentralized P2P exchange, Alias, Secure P2P messaging system, etc.) has been implemented or will soon be in eMunie client. I know for sure that the messaging system and ENS(eMunie version of Alias) have been implemented in the client for a while prior to me even knowing I was accepted into the beta, as well as profiles and other social stuff. Don't follow NXT or eMunie as much as I used to as I have had classes start up again...so not sure what has and haven't been implemented in both yet  . I have and I can create a "Alias"(known as ENS in eMunie) in eMunie client which replaces my account number and I can do something like ["Jack" sent a transaction to "Jill"] instead of [13131ed1d2312312 sent transaction to 1343ldler2j3u3423] .  As someone who has had access to the eMunie client for the past month I find it enjoyable to just play around with. Don't use it as much though anymore as I haven't had much time on my computer.

I am someone that enjoys both NXT and eMunie though...as weird as it is  

[jl777]

rickyjames is the treasurer of the NXTfund. I will not pay any of the NXTfund to myself, nor will I even be able to touch the money.

Now that I have been entrusted with 1.525 million NXT all of a sudden I have the responsibility of deciding the best way to allocate it. It is not easy. I am still not even sure which area it is best spent on. It is super important that the funds are spent as effectively as possible.

I want to show the NXT community that the NXTfund will do its best to maximize the value of NXT and to reflect the collective will of the community. As long as there is consensus, then my job is easy. However, if there is no consensus, then I will be forced to decide the exact allocation and if I make everybody equally unhappy then that probably means I am doing a good job.

James

The alias NXTcommunityfund has now been associated with NXT account 13776816462073143763.

Whales, dolphins, minnows:  Donate today.

Your generous contribution will enable great things.  

What is the password?

Long.

Too short  

NXT Community Fund Balance Total  : 2,127,878 NXT

USD Equivalent   : 137998.78 

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=13776816462073143763

Thanks to aldrin who put in 1 million NXT, Pouncer with another ~million and neer.g

James

[jl777]

Is this the fund for NXTcash?

I think that's a question for James, not me.  NXTcash is a project he is very interested in, I think, but it is only one of many projects that would be vying for funds from this account.

Alias NXTcommunityfund = NXT Account 13776816462073143763

NXTcash is currently funded by klee's 1 million NXT. As an active participant in that one, I am glad it is separate from the NXTcommunityfund. I am trustee of the NXTcommunityfund and I made a long post about it some pages back. I have made a commitment that I will not receive any of the NXTcommunityfund. rickyjames is the treasurer and he is the only one who has access to the funds.

I am looking to the community for direction, but I am able to break ties.
The current allocation for the fund is one third tech, one third marketing, one third TBD.

I have asked for definitions of DAC's that will allow NXT to match up against etherium and the top 5 will get a 100000 NXT bounty attached to successful implementation.

We need the NXT community, especially the people that actually understand DAC's to help define the list if most important DAC's to have.

My goal is to make NXT untouchable. We match the competition feature for feature, toss in zerocoin and 1000 TPS. Goodbye competition!

James

[bithic]

I guess the best way to explain it is (taken from Peachy on emunie forums)

"Think of the emu "ecosystem" as a giant ball tank.
http://25.media.tumb...jd5ryo1_500.jpg
 
Once your "inside" the ecosystem there are a fixed number of balls.  You can trade them around with each other and eventually there will be different colors (asset types) that will be freely traded "within" the ecosystem ball tank.   Thus hatcher-to-hatcher transcations are happening "inside" the walls of the ball tank and thus no need to expand (inflate) or shrink (deflate) the walls of the tank since there is "just enough" density so that everyone can transact easily (ie optimized level of fun).
 
The only way balls are added into the tank are by those wanting to "jump in" from outside the ball tank.  As they exchange fiat for balls (and no one inside the tank wants to sell them any of their balls) then the ecosystem senses this and creates new balls for everyone (50% to the hatcher / 50% evenly and proportionally to every kid in the tank based on how many balls they already own).  Once someone in the tank says "Yeah, I think I'll sell some of my balls for fiat" he places a sell order and it is distributed to the new kid who then gives him the fiat (with a minor txn cost to the dealer).

Lot of features NXT has planned (Decentralized P2P exchange, Secure P2P messaging system, etc.) has been implemented or will soon be in eMunie client. I know for sure that the messaging system and ENS(eMunie version of Alias) have been implemented in the client, as well as profiles and other social stuff. Don't follow NXT or eMunie as much as I used to as I have had classes start up again...so not sure what has and haven't been implemented in both yet  . I have and I can create a "Alias"(known as ENS in eMunie) in eMunie client which replaces my account number and I can do something like ["Jack" sent a transaction to "Jill"] instead of [13131ed1d2312312 sent transaction to 1343ldler2j3u3423] .  As someone who has had access to the eMunie client for the past month I find it enjoyable to just play around with. Don't use it as much though anymore as I haven't had much time on my computer.

I am someone that enjoys both NXT and eMunie though...as weird as it is  

The above is a very simplistic explanation, but it allows a way to visualize how the system works."

Thanks for the info wakasaki808. The thing I don't get with eMunie is what happens when there is a mass selling (if stakeholders lose confidence for instance) which causes the price to drop. I remember reading that the system will try to prevent a price drop by buying up EMU if the price starts to go down, using some kind of reserve of currency (BTC, USD, other cryptos, other fiat? I don't know). However, this reserve supply can't be limitless, and once its limits are reached, the price will drop. However, once the price has dropped, it won't be able to increase again, because the eMunie system prevents it from appreciating more than 5% per year by introducing new EMU. So I don't see how Dan plans to avoid a situation of progressive depreciation coupled with inflation: when supply outweighs demand, depreciation happens; when demand outweighs supply, inflation happens. So how does this not end up with a ton of EMU that are worth next to nothing?

EDIT: I suppose I should be asking this on the eMunie forum.