NXT :: descendant of Bitcoin - Updated Information

[mthcl]

Elvis BCNext twin - http://www.nxts.info/home.php?mod=space&username=BCNext

Maybe, "BC" means "Beijing, China", who knows?..

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[landomata]

Video on Mpesa.....mobile micro payment system....500-700 Million dollars transferred using mobile phones on a monthly basis.

http://www.youtube.com/watch?v=i0dBWaen3aQ

[Ola]

So let's bury/ignore the idea with possibility of canceling transactions.

Moving on.

++
CFB please take the above statement seriously...there are certain reason why the nxt community is what it is today and why people believe in nxt. Transaction cancellation and inflationary currency is definitely not one of them...The creation of colored coins and other instruments will serve to stabilize or peg nxt at a constant verifiable value

also

please do not try to increase the support to remove mining fees, at least not just yet...Mining makes more people run more nodes thereby securing the network, no matter their intent...unless project kharon is ready and implemented


Innovative ideas are nice but radical proposals are great
BUT PLEASE KEEP NXT PURE TO ITS FUNDAMENT SOCIAL CONTRACT

More people should comment on this link to let their opinion be known:

https://bitcointalk.org/index.php?topic=458036.0

[Ola]

Please can someone explain the answer to the theoretical question to me:

If we have the potential for 1000tps-unlimited tps
why is HFT impossible? or at least as some people have alluded to on blockchain based system? especially given the unique qualities of nxt

[fmiboy]

UPDATE: ClieNXT GUI

version 0.0.5 [code name] AE testnet

* this version solely works with testnet server http://holms.cloudapp.net:6874/
* Asset Exchange window has major features

------
Download
------
https://bitbucket.org/fmiboy/clienxt/downloads/clienxt_005.zip


------
Usage
------

* Windows users unzip the archive and run Clienxt.jar file
* Linux users unzip the archive and run in terminal ./clienxt.run &
* Mac users unzip the archive and run in terminal ./clienxt.run & (not tested, working on creating *.app file or *.pkg installer)

* Languages English, Russian only Asset Exchange window translations are missing.

NB: don't use your own accounts on "testnet"

click Unlock button to open new or existing accounts on "testnet" (unlock and watch if you have more accounts)
go to Asset Exchange window and start Trading

------
Screenshots
------
All available Assets


Issue Asset (fill all fields and Issue Asset, min. fee 1000)


Transfer Asset (select account that is added in Unlock window, it will detect all available Assets with their amount, fill rest fields and Transfer Asset)


My orders (all Ask and Bid orders for selected account)


Context menu (select any Asset and right click)


View Open orders (for selected Asset)


Place Order (ask or bid order for selected Asset, enter price 100 that will be considered 1, minimum price is 100)


Cancel Order (in My orders, you can select your order and right click to cancel order)


Cancel order window (requires only secret Phrase of account that placed same order)


Trade history (history of all trades for selected Asset)



Please report bugs or feature request here: https://bitbucket.org/fmiboy/clienxt/issues?status=new&status=open
Once client is tested, we can use it tomorrow without an issue!
Translators are very much welcome! The more languages we have the more people test Asset Exchange tomorrow.

Translators can find word list in Bundle.Properties (everything right side of "=" needs translation) here: https://bitbucket.org/fmiboy/clienxt/src/0a35a05b7786b2c3cf1e69ca16c0bbd48d8f953c/src/clienxt/Bundle.properties?at=master

If you like my work, donate nxt 13792774143018875909 and thank you very much for all supports.

anyone tested client? anything missing or not working?

thanks

[joefox]

I heard on Lets Talk Bitcoin a few nights ago that the Zerocoin protocol is being developed for NXT.  Does this mean that NXT is developing a Zercoin-like protocol or have the Zerocoin developers decided to build on top of NXT?  Are the developers working together?

Neither.  A few people (including jl777) are interested in developing NXTcash, which is an implementation of Zerocoin ON TOP OF Nxt.  To date, the Zerocoin folks have not responded to overtures from these Nxt folks -- but the Zerocoin library is open-source and so they're moving ahead with it anyway.

You will hear more and more about people building things on top of Nxt.  Think of Nxt as a low-layer protocol.  Everything built on top of it is independent.  Like Nxt itself, nothing is "official" or "centralized".

The fact that Nxt can support such a diversity of applications and uses, supported by a lightweight PoS blockchain, is part of its appeal.

[New_Crypto]

Looks promising. I better invest my money in NXT rather than the NXT clone (NEM and NEX)

[zorke]

Hey guys,

I just updated to 0.7.2 and it runs great. Just one question, how do I shut down the Java process? In earlier versions this happened automatically by exiting CMD window, but in 0.7.2 this is not the case. Is it the only way to go and kill the process in task manager?

Thanks

Also I just realized that if I don't go and kill the Java process next time I go to start NRS i get the error.

[2014-02-10 17:33:20.789] Error initializing Nxt servlet

How should it be properly done?
Thanks

[lovebit]

I heard on Lets Talk Bitcoin a few nights ago that the Zerocoin protocol is being developed for NXT.  Does this mean that NXT is developing a Zercoin-like protocol or have the Zerocoin developers decided to build on top of NXT?  Are the developers working together?

Neither.  A few people (including jl777) are interested in developing NXTcash, which is an implementation of Zerocoin ON TOP OF Nxt.  To date, the Zerocoin folks have not responded to overtures from these Nxt folks -- but the Zerocoin library is open-source and so they're moving ahead with it anyway.

You will hear more and more about people building things on top of Nxt.  Think of Nxt as a low-layer protocol.  Everything built on top of it is independent.  Like Nxt itself, nothing is "official" or "centralized".

The fact that Nxt can support such a diversity of applications and uses, supported by a lightweight PoS blockchain, is part of its appeal.

Thanks for clearing that up for me!

[pandaisftw]

Hey guys,

I just updated to 0.7.2 and it runs great. Just one question, how do I shut down the Java process? In earlier versions this happened automatically by exiting CMD window, but in 0.7.2 this is not the case. Is it the only way to go and kill the process in task manager?

Thanks

Also I just realized that if I don't go and kill the Java process next time I go to start NRS i get the error.

[2014-02-10 17:33:20.789] Error initializing Nxt servlet

How should it be properly done?
Thanks

Ctrl-C in the cmd window

[zorke]

Hey guys,

I just updated to 0.7.2 and it runs great. Just one question, how do I shut down the Java process? In earlier versions this happened automatically by exiting CMD window, but in 0.7.2 this is not the case. Is it the only way to go and kill the process in task manager?

Thanks

Also I just realized that if I don't go and kill the Java process next time I go to start NRS i get the error.

[2014-02-10 17:33:20.789] Error initializing Nxt servlet

How should it be properly done?
Thanks

Ctrl-C in the cmd window

Thanks but which CMD window? There is no more CMD window in 0.7.2, when you start a batch file, only nxt notepad document updates itself and that is it.. Nothing else happens..

Edit: Nevermind, I got it.. Thanks

[bitcoinpaul]

Please can someone explain the answer to the theoretical question to me:

If we have the potential for 1000tps-unlimited tps
why is HFT impossible? or at least as some people have alluded to on blockchain based system? especially given the unique qualities of nxt

HFT needs fast connections, and I mean really fast (time-critial = milliseconds). Nxt is a global network which uses TCP/IP -> Slow. Also the forging node would decide which sequence of the incoming orders is 'the right'. Can't think this would work globally and fair. Nxt will only be able to handle the amount of 1000 TPS.

[fmiboy]

UPDATE: ClieNXT GUI

version 0.0.5 [code name] AE testnet

* this version solely works with testnet server http://holms.cloudapp.net:6874/
* Asset Exchange window has major features

------
Download
------
https://bitbucket.org/fmiboy/clienxt/downloads/clienxt_005.zip


------
Usage
------

* Windows users unzip the archive and run Clienxt.jar file
* Linux users unzip the archive and run in terminal ./clienxt.run &
* Mac users unzip the archive and run in terminal ./clienxt.run & (not tested, working on creating *.app file or *.pkg installer)

* Languages English, Russian only Asset Exchange window translations are missing.

NB: don't use your own accounts on "testnet"

click Unlock button to open new or existing accounts on "testnet" (unlock and watch if you have more accounts)
go to Asset Exchange window and start Trading

....

Please report bugs or feature request here: https://bitbucket.org/fmiboy/clienxt/issues?status=new&status=open
Once client is tested, we can use it tomorrow without an issue!
Translators are very much welcome! The more languages we have the more people test Asset Exchange tomorrow.

Translators can find word list in Bundle.Properties (everything right side of "=" needs translation) here: https://bitbucket.org/fmiboy/clienxt/src/0a35a05b7786b2c3cf1e69ca16c0bbd48d8f953c/src/clienxt/Bundle.properties?at=master

If you like my work, donate nxt 13792774143018875909 and thank you very much for all supports.

anyone tested client? anything missing or not working?

thanks

Im trying it now, seems ok.
I tried to issue an asset but it says my balance is zero, which it is.

thanks for report! yes, you need at least 1001 to issue an Asset!

I guess we will test it tomorrow with testcoins...

btw, who will give out testcoins for testers?

[Isildur23]

So let's bury/ignore the idea with possibility of canceling transactions.

Moving on.

++
CFB please take the above statement seriously...there are certain reason why the nxt community is what it is today and why people believe in nxt. Transaction cancellation and inflationary currency is definitely not one of them...The creation of colored coins and other instruments will serve to stabilize or peg nxt at a constant verifiable value

Why inflationary? The supply of Nxt won't change. Only the supply of coloured coins on top of Nxt will rise. At least that is how i understood it.

[opticalcarrier]

i installed tor on my ubuntu system, can someone tell me how to make the NRS java client use tor and not the computer's default gateway?

[abctc]

i installed tor on my ubuntu system, can someone tell me how to make the NRS java client use tor and not the computer's default gateway?

- may be this help: https://bitcointalk.org/index.php?topic=345619.msg3875933#msg3875933

[wesleyh]

Which clients are ready for AE test tomorrow?

[fmiboy]

Which clients are ready for AE test tomorrow?

clieNXT

https://bitcointalk.org/index.php?topic=345619.msg5054385#msg5054385

[newsilike]

Which clients are ready for AE test tomorrow?

clieNXT

https://bitcointalk.org/index.php?topic=345619.msg5054385#msg5054385

slick job fmiboy! 
I mean really, seeing all these features being implemented in cool clients is just awesome 

[gimre]

The point here is: 'SHOULD work on "3"' has to be proved.

Maybe, there are some negative numbers c so that (a, c') validates ALTHOUGH a is invalid. (where c' is the positive equivalent of c)
Maybe not.

So, proof of the algo as well as the code is needed.

I'm done advocating this here for a while, I can better spend my time.
I've stated it number of times, it's the implementation that's wrong, not the math. Math stays the same.
If you're interested you can go through my earlier posts.

Some interesting links:

• https://groups.google.com/forum/#!msg/sci.crypt/MFp1DB7ypp4/pDrkCnCz-hcJ - Someone asks about curve25519 based authentication
• https://groups.google.com/forum/#!msg/sci.crypt/yYkHeAIEAKI/Lrer6CsMM7sJ - xmath provides his implementation,
• https://groups.google.com/forum/#!msg/sci.crypt/J_7OGDf9cJE/id4hkW38miwJ - xmath added ec-kcdsa
• https://bitcointalk.org/index.php?topic=397183.msg4645132#msg4645132 - BloodyRookie's detailed description of what happens behind sign

I'm going to run NRS with patched Curve from now on.

EOT for me