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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755833 times)
jl777
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February 04, 2014, 08:55:11 PM
 #29201

(\__/)
(='.'=)
(")_(")


As some guys who reviewed Nxt code already noticed it's quite easy to add new features to Nxt core. All that required is to add a new type/subtype and some code that processes it. After we start testing Asset Exchange I'll have a couple of weeks when I'll be fixing possible bugs mostly. It's quite a boring task and I have to switch to other (more interesting) things time to time to keep working at near-100% effectiveness. We (community) could add our own (not BCNext's one) feature to Nxt. I'm thinking of cloning main Ethereum feature - contracts powered with Turing-complete language. I ask the community if there is anyone who understands Ether concept deeply enough and could consult us.

PS: If Turing-complete language is a too tough task then we could pick some other feature.

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

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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February 04, 2014, 08:55:20 PM
 #29202

With all this Gox panic, is the perfect moment to release the AE.
The perfect solution, There will no other best moment for the market,that would be true marketing.


On 7th of Feb we r planning to starting the testing. There is no point to hurry up. I would release it on exactly the same date as any other decentralized exchange. This would save us a lot of money on marketing.

what do you mean by this? Is it that you plan to release it when eMunie release theirs? I am not too sure what did you mean.

I mean that I would release it simultaneously with any other decentralized exchange for the fun of competition and free marketing. Luckily for the community I don't decide such things. Smiley
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February 04, 2014, 08:55:45 PM
 #29203

Let me clarify.  I do not claim to know his REAL identity either.  However, BCNext himself has acknowledged being a long time poster at BCT under another user ID.  I believe I know that BCT user ID.  Do you know that?

If so, one day I will send you an anonymous message on the NXT blockchain revisiting this topic.

Let's play the game but we fix the weak points in such a way:

1. U post ur guess in this thread, I'll answer it publicly as well.
2. I tell TRUE or FALSE according to my guess regarding the real identity of BCNext.

PS: And then u'll tell why u think so, ok?

OK.

I think BTNext's previously used BCT username was/is Ukigo.
jl777
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February 04, 2014, 08:57:04 PM
 #29204

(\__/)
(='.'=)
(")_(")


As some guys who reviewed Nxt code already noticed it's quite easy to add new features to Nxt core. All that required is to add a new type/subtype and some code that processes it. After we start testing Asset Exchange I'll have a couple of weeks when I'll be fixing possible bugs mostly. It's quite a boring task and I have to switch to other (more interesting) things time to time to keep working at near-100% effectiveness. We (community) could add our own (not BCNext's one) feature to Nxt. I'm thinking of cloning main Ethereum feature - contracts powered with Turing-complete language. I ask the community if there is anyone who understands Ether concept deeply enough and could consult us.

PS: If Turing-complete language is a too tough task then we could pick some other feature.

Lets try  Smiley

I propose a TURING - COMPLETE COMMITTEE:

CFB
ANON
NXTCHG
BLOODYROOKIE
JAMES
Sorry, I am too incompetent to be deserving to talk with nxtchg, plus CfB can do this turing complete stuff in a week or two with his team.

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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February 04, 2014, 08:57:23 PM
 #29205

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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February 04, 2014, 08:59:57 PM
 #29206


Haha "slowclap.gif"

Seriosly, lets sing a song togheter, "we shall overcome"..
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February 04, 2014, 09:00:11 PM
 #29207

OK.

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

FALSE. I don't even recall/know this name.
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February 04, 2014, 09:02:29 PM
 #29208


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. Smiley
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February 04, 2014, 09:03:01 PM
 #29209

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

Thank u.
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February 04, 2014, 09:03:26 PM
 #29210

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?
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February 04, 2014, 09:04:34 PM
 #29211

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.
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February 04, 2014, 09:04:52 PM
 #29212

is xcp the gateway?

I don't remember. There was a thead on nextcoin.org.
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February 04, 2014, 09:05:58 PM
 #29213

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
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February 04, 2014, 09:07:33 PM
 #29214

Guys pls visit this link:

NXT Around the world in 8 minutes

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

jl777
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February 04, 2014, 09:08:00 PM
 #29215

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

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
martismartis
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February 04, 2014, 09:11:36 PM
 #29216

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
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February 04, 2014, 09:13:18 PM
 #29217

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

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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February 04, 2014, 09:13:25 PM
 #29218

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.
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February 04, 2014, 09:14:32 PM
Last edit: February 04, 2014, 09:58:44 PM by rickyjames
 #29219

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.
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February 04, 2014, 09:16:32 PM
 #29220

CfB, your memory fails you.  

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