NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

Being able to trade ACTUAL bitcoin, litecoin, DOGE, etc. using NXT will be a very powerful feature and put a dent into all the centralized exchanges. Maybe using AE and AM or maybe just directly.

Need to do blockchain operations to all the other cryptos that are supported which is not as crazy as it sounds:

https://en.bitcoin.it/wiki/Atomic_cross-chain_trading
https://en.bitcoin.it/wiki/Contracts#Example_5:_Trading_across_chains

Since I am supposed to be technically incompetent, I think it would be a good thing for you to comment on whether this is impossible to do with NXT

James

One company is already working on a trustless NXT-to-BTC-and-back gateway.

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[CrazyEyes]

LONG and painfull.

THATS WHAT SHE SAID

Bravo  

slowclap.gif

Haha "slowclap.gif"

Seriosly, lets sing a song togheter, "we shall overcome"..

[Come-from-Beyond]

OK.

I think BTNext's previously used BCT username was/is Ukigo.

FALSE. I don't even recall/know this name.

[CrazyEyes]

LONG and painfull.

THATS WHAT SHE SAID

Bravo  

slowclap.gif

Haha "slowclap.gif"

Seriosly, lets sing a song togheter, "we shall overcome"..

btw will lift my 40/40mbit node now, no traffic cap. free traffic for all! and 8 core amd.

[Come-from-Beyond]

if you need or would like a few extra VPS nodes to use for testing, pm me

Thank u.

[nakaone]

Being able to trade ACTUAL bitcoin, litecoin, DOGE, etc. using NXT will be a very powerful feature and put a dent into all the centralized exchanges. Maybe using AE and AM or maybe just directly.

Need to do blockchain operations to all the other cryptos that are supported which is not as crazy as it sounds:

https://en.bitcoin.it/wiki/Atomic_cross-chain_trading
https://en.bitcoin.it/wiki/Contracts#Example_5:_Trading_across_chains

Since I am supposed to be technically incompetent, I think it would be a good thing for you to comment on whether this is impossible to do with NXT

James

One company is already working on a trustless NXT-to-BTC-and-back gateway.

is xcp the gateway?

[CrazyEyes]

if you need or would like a few extra VPS nodes to use for testing, pm me

Thank u.

I can put up with a few as well. Will be on the same IP though. Thinking about some round robin traffic load balancing.

[Come-from-Beyond]

is xcp the gateway?

I don't remember. There was a thead on nextcoin.org.

[Come-from-Beyond]

if you need or would like a few extra VPS nodes to use for testing, pm me

Thank u.

I can put up with a few as well.

I need to ask Klee about this.

[landomata]

Guys pls visit this link:

NXT Around the world in 8 minutes

https://nextcoin.org/index.php/topic,3807.0.html

[jl777]

Only a worry to those working on the VM, most users will never be concerned with it.

Imagine that u want to debug the byte-code of a transaction...

That's where my knowledge is lacking...  I don't understand how a concept like a programming language can be molded with the NXT platform.  I'll do more research.

I mean that debugging of stack-based code is more difficult than debugging of code working with arbitrarily accessed memory.

Turing complete code executing is nice and flexible, but there still need to be useful solutions that are implemented based on this.

As long as things like escrow, doing other crypto blockchain commands can be supported as early test cases, or even hardcoded primitives, that would be great.

I want NXT AE to be able to do trustless trading of all other cryptos. No more waiting for centralized exchanges to find the missing deposit/withdrawal, just trade with NXT and BAM! you get DOGE in your DOGE wallet. much trading

It this is build into the protocol and the minimum transaction fee is 1 NXT, we will get a LARGE amount of Chinese traders making 100,000 BTC worth of trades every day. High frequency traders are very sensitive to any fees they incur. A fully decentralized and automated exchange of all cryptos against NXT will instantly make NXT the reserve currency of crypto.

The point for Turing complete is to allow others to build useful solutions. The above is such a useful solution and we need it live BEFORE any other crypto enables it

I have already 100000 NXT bounty allocated for this, regardless of how it is implemented. XCP is the initial other crypto, but it should be modular so we can pop in any other crypto realtively easily.

James

[martismartis]

Hi here

One question is bothering me for a while: is there any plans to create a solution of accepting NXT in e-shop, etc.? I mean payment tool, like bitpay for example.

Now we are spending thousands of NXT for 1 minute on radio, while we could spend on payment tool development. Now we just spend our NXT on exchanges, in other words come like a squirrel in the wheel.

Or did I miss something?

There is 40,000 NXT bounty for project to accept NXT via standard shopping cart modules. wesleyh is working with another guy on this.

James

Thanks, it is what I wanted to know.

Edit: What is the deadline for this, if it exists?

I've been in contact with wesleyh about this, because I am working on it, too.
At this moment he is building a new client, too, and giving that priority.
He was kind enough to give me access to his work and give me tips on how to go about.
My guy is currently testing and will report back once he is satisfied all is well and safe.
After that the plan is to make modules for all existing open source e-commerce platforms.

No ETA from my side yet, but I am hoping for a working model soonish (1-2 weeks). But that's just a wish on my part, I won't know for certain till I hear back from my developer.

I meant deadline for the bounty, if it is.

[jl777]

Hi here

One question is bothering me for a while: is there any plans to create a solution of accepting NXT in e-shop, etc.? I mean payment tool, like bitpay for example.

Now we are spending thousands of NXT for 1 minute on radio, while we could spend on payment tool development. Now we just spend our NXT on exchanges, in other words come like a squirrel in the wheel.

Or did I miss something?

There is 40,000 NXT bounty for project to accept NXT via standard shopping cart modules. wesleyh is working with another guy on this.

James

Thanks, it is what I wanted to know.

Edit: What is the deadline for this, if it exists?

I am encouraging cooperation as there are MANY different shopping carts and additional methods to support accepting NXT.
Please get in contact with wesleyh who is in contact with the other guy and coordinate. You can all share according to how much each contributes. I will expect that the three of you will most accurately be able to determine an equitable split.

James

[Come-from-Beyond]

Turing complete code executing is nice and flexible, but there still need to be useful solutions that are implemented based on this.

Let's just do it.

[rickyjames]

OK.

I think BTNext's previously used BCT username was/is Ukigo.

FALSE. I don't even recall/know this name.

CfB, your memory fails you.  

You had several exchanges with Ukigo on March 14, 2013 in the initial thread JD Bruce (bitfreak!) started to discuss his mini-blockchain idea.

Re: Blockchain-less P2P Currency (theoretical idea)
https://bitcointalk.org/index.php?topic=152662.40

JD went on to create another thread in April you did not participate in:

Cryptocurrency with Finite "Mini-Blockchain"
https://bitcointalk.org/index.php?topic=169311.20

And published his whitepaper on the mini-blockchain idea in May 2013:

Purely P2P Crypto-Currency With Finite Mini-Blockchain
http://www.bitfreak.info/files/pp2p-ccmbc-rev1.pdf

And then offered a $20K bounty in another May 2013 thread to actually implement the idea (note the title):

Re: Building the Next Generation of Crypto-Currency (developers required)
https://bitcointalk.org/index.php?topic=215936.0

I believe that Ukigo/BCNext took his initial contact with this idea (and perhaps with you?) and instead of going for the bounty offered by JD, used the mini-blockchain idea instead to start NXT.

On April 27 Etlase2 started a new thread about a PoS coin called Decrits
Decrits: The 99%+ attack-proof coin
https://bitcointalk.org/index.php?topic=189239.0

You, CfB, posted a comment on the very first day.  So did Ukigo, on the topic of achieving Shareholder consensus:

100% consensus of Shareholders is a myth.
There will be majority and minorities.
Maybe at every CB.
Of course you can have 100% agreement,
but only after disagreeing minorities got
decimated by some mechanism Wink

By August Etlase2 and Ukigo are writing code that sounds very NXTish and effectively vanish:

https://bitcointalk.org/index.php?topic=189239.500

The NXT [ANN] goes up on September 28:

[ANN] Nxt :: descendant of Bitcoin
https://bitcointalk.org/index.php?topic=303898.1660

BCNext registered that username on Sept 27 and made the last posting under it on November 8.  During that period Ukigo made no postings.

There's more.  FWIW.

[Come-from-Beyond]

CfB, your memory fails you.  

Maybe. I don't pay much attention to names, mainly to ideas. Btw, this guy speaks Russian.

[rickyjames]

CfB, your memory fails you.  

Maybe. I don't pay much attention to names, mainly to ideas. Btw, this guy speaks Russian.

Does BCNext?

[instacalm]

CfB, your memory fails you.  

Maybe. I don't pay much attention to names, mainly to ideas. Btw, this guy speaks Russian.

Does BCNext?

дa

[Come-from-Beyond]

Does BCNext?

When BCNext switched his paranoic mode on he asked me no to disclose any details how I contact him. So I can't answer this question.

[jl777]

Hi here

One question is bothering me for a while: is there any plans to create a solution of accepting NXT in e-shop, etc.? I mean payment tool, like bitpay for example.

Now we are spending thousands of NXT for 1 minute on radio, while we could spend on payment tool development. Now we just spend our NXT on exchanges, in other words come like a squirrel in the wheel.

Or did I miss something?

There is 40,000 NXT bounty for project to accept NXT via standard shopping cart modules. wesleyh is working with another guy on this.

James

James, how is the mixing implementation coming along?

What we are working on is NOT mixing. Mixing can be unraveled. I am not smart enough to even attempt to understand all the advanced maths in the zerocoin alpha solution, let alone their upcoming improved version.

However, I am smart enough to know that it is best to leverage what exists, so Jack Needles is in the process of porting the well documented Tutorial.cpp code to Tutorial.java

Unlike incompetent me, Jack is clearly a competent guy and I have full confidence that he will be able to get it to work. Once this is working, I am counting on people much more competent than me, like Bloodyrookie and ricot to figure out how best to splice in the Tutorial.java. Whatever method we come up with will most likely directly be applicable with the upcoming zerocash cpp library.

We can then make a testnet to see if anybody can identify who is paying who. Theoretically, libzerocoin uses the zeroknowledge proof, so we shouldnt be able to.

At this point, we go into a holding pattern waiting for a new libzerocash CPP library. We convert to java, and test the new improved zerocash system. Still all on testnet, but this iteration is expected to go 10 times faster because we already went through the process.

I don't want to touch the zerocoin algos with a ten foot pole. I know my limits and I even have a BS in math from a small university in california. My development plan does require some code to be written and then thrown away (the horror), but it is designed to MINIMIZE the time to market.

Best case scenario is that we will get the cooperation of the zerocoin team and get an early release of the libzerocash, then we can avoid any prolonged holding pattern.

Oh, once we verify that all this is functional and nobody can crack the cashflow paths, we can then port the libzerocash into Java and then submit the pure Java solution to jean-luc to integrate into a release.

This is my incompetent plan that nxtchg says is impossible. Whatever. I am just pushing forward and planning to have a testable testnet with NXTcash in it as soon as possible, even if it is supposed to be impossible. Notice nowhere in my plan do I or anybody have to understand any magical zeroknowlege maths, maybe the guy who refactors libzerocash to Java will have to, but that is the final step and a refactoring.

My assessment was that it would take much longer to decipher the maths and algos of zerocoin/zerocash and I like to be making progress instead of waiting, especially when there is a large overlap of things that we need to do at the higher level like NXT escrow.

James