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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2752714 times)
mcjavar
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February 11, 2014, 12:05:03 AM
 #31881

http://blogs.wsj.com/moneybeat/2014/02/10/bitbeat-bitcoin-getting-hammered-and-sickled/

Quote
Granted, dogecoin has gone from Internet meme to one of the top five alt-coins in a matter of months, and granted there are also some features to it that may even improve upon bitcoin’s system. Certainly, having fun and encouraging others to do the same can be a very effective strategy to build buzz and goodwill. That the community was able to donate enough doegcoins (more than $30,000) to get the Jamaican bobsled team to the Sochi Olympics was a stroke of marketing genius.

But it’s worth remembering, too, that in the world of virtual currencies, there is almost no barrier to entry, and the success or failure of a system will depend upon its utility and its supporters. Because ultimately all these currencies – whether its dogecoin, bitcoin, or the U.S. dollar – are really just tools that aid commerce and business. How well they achieve that goal is the real measure of success.



No mention of Nxt. The Doge-guys are doing great marketing job.
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February 11, 2014, 12:10:57 AM
 #31882

Damn Dogecoin is killing us.
With infinite coin supply it will kill all other coins...unless it will fall back to zero (as it should).

Who knows what longterm will bring.

Maybe I should rephrase, it's not the Dogecoin that's killing us...

adoption is what's killing our coin - the lack of adoption/usage. Doge is being passed around, used for all kinds of things/endeavours, it's not just that it has a cool meme appeal, it's being used.

While nxt is for a large part being hoarded for speculation. Correct me if i'm wrong...
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February 11, 2014, 12:15:57 AM
 #31883

Damn Dogecoin is killing us.
With infinite coin supply it will kill all other coins...unless it will fall back to zero (as it should).

Who knows what longterm will bring.

Maybe I should rephrase, it's not the Dogecoin that's killing us...

adoption is what's killing our coin - the lack of adoption/usage. Doge is being passed around, used for all kinds of things/endeavours, it's not just that it has a cool meme appeal, it's being used.

While nxt is for a large part being hoarded for speculation. Correct me if i'm wrong...
You are right, I hope the AE will change that..
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February 11, 2014, 12:22:00 AM
 #31884

Damn Dogecoin is killing us.
With infinite coin supply it will kill all other coins...unless it will fall back to zero (as it should).

Who knows what longterm will bring.

Maybe I should rephrase, it's not the Dogecoin that's killing us...

adoption is what's killing our coin - the lack of adoption/usage. Doge is being passed around, used for all kinds of things/endeavours, it's not just that it has a cool meme appeal, it's being used.

While nxt is for a large part being hoarded for speculation. Correct me if i'm wrong...
You are right, I hope the AE will change that..
we could not only rely on tech,there should be more marketing works IMO.
klee
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February 11, 2014, 12:26:07 AM
 #31885

Damn Dogecoin is killing us.
With infinite coin supply it will kill all other coins...unless it will fall back to zero (as it should).

Who knows what longterm will bring.

Maybe I should rephrase, it's not the Dogecoin that's killing us...

adoption is what's killing our coin - the lack of adoption/usage. Doge is being passed around, used for all kinds of things/endeavours, it's not just that it has a cool meme appeal, it's being used.

While nxt is for a large part being hoarded for speculation. Correct me if i'm wrong...
You are right, I hope the AE will change that..
we could not only rely on tech,there should be more marketing works IMO.
I have something in progress along with the NXTcash that I will fund - jl777 will post soon.
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February 11, 2014, 12:28:01 AM
 #31886

Damn Dogecoin is killing us.
With infinite coin supply it will kill all other coins...unless it will fall back to zero (as it should).

Who knows what longterm will bring.

Maybe I should rephrase, it's not the Dogecoin that's killing us...

adoption is what's killing our coin - the lack of adoption/usage. Doge is being passed around, used for all kinds of things/endeavours, it's not just that it has a cool meme appeal, it's being used.

While nxt is for a large part being hoarded for speculation. Correct me if i'm wrong...
You are right, I hope the AE will change that..
we could not only rely on tech,there should be more marketing works IMO.
I have something in progress along with the NXTcash that I will fund - jl777 will post soon.
GREAT.cannot wait to see the latest info.
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February 11, 2014, 12:28:38 AM
 #31887

i have a question about passwords. If you have a weak password your coins will be stolen, because of the rainbowtable guys. But isn't it true that when these rainbow guys try to bruteforce an account. And every time they enter a non-existing passwords then each time a new account is created within next?

So if you create a new account with a weak password you probably access an already created account which was bruteforced earlier. There are ofcourse no coins in these accounts so you think they are new. Is there no way to signal that you are entering an already existing account? So you know that you should not send coins to this 'new' account

 


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February 11, 2014, 01:14:01 AM
 #31888

i have a question about passwords. If you have a weak password your coins will be stolen, because of the rainbowtable guys. But isn't it true that when these rainbow guys try to bruteforce an account. And every time they enter a non-existing passwords then each time a new account is created within next?

So if you create a new account with a weak password you probably access an already created account which was bruteforced earlier. There are ofcourse no coins in these accounts so you think they are new. Is there no way to signal that you are entering an already existing account? So you know that you should not send coins to this 'new' account

 

No, the blockchain is loaded into RAM offline and referenced with a ssd raid setup, no new accounts are created. I don't think there is a signal programmed in yet.
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February 11, 2014, 01:27:35 AM
 #31889

First Week in NXTio.org!


Forged blocks: 2 (all empty Sad)

but get up and flying! Smiley

You gotta fly fast and high to reach top miners Smiley

   Total: Fee earned 701996 NXT   
6483973064837388393 has mined 163299 NXT.
The 2nd is     4747512364439223888    with 101830 NXT.
In the table below is the top "miners" and their cumulative NXT amount and cumulative percentages.


In the forum was yesterday a nxt balance distribution: top100 has 82.7%
https://bitcointalk.org/index.php?topic=345619.msg5034054#msg5034054
 
In mining/forging the distribution is worse: 4 accounts have mined 56.7%, 28 accounts have mined 90%, and 98 accounts 99% and 400 accounts 100%.



    Fee Earned       %                     TOP accounts
    cumulative  cumul.

   163163   23.2                6483973064837388393
   253458   36.1                4747512364439223888
   334469   47.6                12692935506199079028
   398066   56.7                9433259657262176905
   433008   61.7                2159498187382012684
   458350   65.3                2584657662098653454
   480373   68.4
   501797   71.5
   516684   73.6
   528616   75.3
   540357   77.0
   551740   78.6
   562741   80.2
   571905   81.5
   579116   82.5
   585703   83.4
   591579   84.3
   597233   85.1
   602481   85.8
   606923   86.5
   610916   87.0
   614900   87.6
   618815   88.2
   622026   88.6
   625180   89.1
   628267   89.5
   631337   89.9
   634377   90.4





Is that 6483973064837388393 some special account?
 it has had at maximum ~ 3 Million NXT, but it has earned fees almost double than those 50 Million's accounts.



NXT, NEM.   NCMXTP-5JWUF3-QYHADC-YWELC5-QPUWF3-EAVFQM-MU7R
opticalcarrier
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February 11, 2014, 01:41:22 AM
 #31890

i have a question about passwords. If you have a weak password your coins will be stolen, because of the rainbowtable guys. But isn't it true that when these rainbow guys try to bruteforce an account. And every time they enter a non-existing passwords then each time a new account is created within next?

So if you create a new account with a weak password you probably access an already created account which was bruteforced earlier. There are ofcourse no coins in these accounts so you think they are new. Is there no way to signal that you are entering an already existing account? So you know that you should not send coins to this 'new' account

 

if you open in already used account you will see transactions
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February 11, 2014, 01:47:26 AM
 #31891

 Grin

http://www.youtube.com/watch?v=NI9z7gMpeE4

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February 11, 2014, 01:47:45 AM
 #31892

You gotta fly fast and high to reach top miners Smiley

   Total: Fee earned 701996 NXT   
6483973064837388393 has mined 163299 NXT.
The 2nd is     4747512364439223888    with 101830 NXT.
In the table below is the top "miners" and their cumulative NXT amount and cumulative percentages.


In the forum was yesterday a nxt balance distribution: top100 has 82.7%
https://bitcointalk.org/index.php?topic=345619.msg5034054#msg5034054
 
In mining/forging the distribution is worse: 4 accounts have mined 56.7%, 28 accounts have mined 90%, and 98 accounts 99% and 400 accounts 100%.



    Fee Earned       %                     TOP accounts
    cumulative  cumul.

   163163   23.2                6483973064837388393
   253458   36.1                4747512364439223888
   334469   47.6                12692935506199079028
   398066   56.7                9433259657262176905
   433008   61.7                2159498187382012684
   458350   65.3                2584657662098653454
   480373   68.4
   501797   71.5
   516684   73.6
   528616   75.3
   540357   77.0
   551740   78.6
   562741   80.2
   571905   81.5
   579116   82.5
   585703   83.4
   591579   84.3
   597233   85.1
   602481   85.8
   606923   86.5
   610916   87.0
   614900   87.6
   618815   88.2
   622026   88.6
   625180   89.1
   628267   89.5
   631337   89.9
   634377   90.4





Is that 6483973064837388393 some special account?
 it has had at maximum ~ 3 Million NXT, but it has earned fees almost double than those 50 Million's accounts.



Yeah, I've seen! so we need as much possible NXT to forge continued.
So far are two empty blocks, yesterday. Smiley
gvans
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February 11, 2014, 01:51:57 AM
 #31893

Is that 6483973064837388393 some special account?
 it has had at maximum ~ 3 Million NXT, but it has earned fees almost double than those 50 Million's accounts.

I recall this was mentioned way back when alias-system was implemented and the rush for potentially profitable aliases started. For some reason, intentionally or by mistake, someone had set an enormous fee like over 100000 nxt to get just one alias. And one lucky guy, can't remember who it was but one of the active ones here, he was just lucky enough to forge that crazy fee.

BTC 1Mye3mqB9WQdCj3uFwx6zcRArnzbUiq6Ro  ★ [NXT] NXT-RA49-RXFR-V6WE-97HT9
★ [ORA] LOGO  ★ [NEM] LOGO  ★ [NXT] MONOLITH  ★ [EXO] LOGO  ★ [FIMK] LOGO  ★ [NODE] LOGO
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February 11, 2014, 02:17:45 AM
 #31894

I hope NXT Asset Exchange 'll not have a hole which XCP have.

Anyone can place an order which is not backed by any deposited instrument:

http://www.blockscan.com/order_book.aspx  (somebody please do the screenshot).

The issue discussion is here: https://forums.counterparty.co/index.php/topic,69.0.html

[!] 24.7 NXT News Portal. Real-Time Update. Share your own news with NXT community and get FREE NXT!
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February 11, 2014, 03:11:06 AM
 #31895

Somebody (apparently a founder of QixCoin) really doesn't seem to like Etherium.  Here are some of his main criticisms, interesting to consider from a NXT point of view:

https://bitslog.wordpress.com/2014/01/17/ethereum-dagger-pow-is-flawed/

https://bitslog.wordpress.com/2014/02/05/changes-in-ethereum-scripting-language/

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February 11, 2014, 03:24:06 AM
 #31896


0% chance that isnt satire or trolling. No one who wished to be taken seriously would present themselves in such a manner.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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February 11, 2014, 03:29:00 AM
 #31897

I hope NXT Asset Exchange 'll not have a hole which XCP have.

Anyone can place an order which is not backed by any deposited instrument:

http://www.blockscan.com/order_book.aspx  (somebody please do the screenshot).

The issue discussion is here: https://forums.counterparty.co/index.php/topic,69.0.html

Thats not a flaw. How do you prove to the network that you own the stock certificates that you issue an asset for?

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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February 11, 2014, 04:03:49 AM
 #31898

CfB cut your sell on bter in smaller chunks please... Grin

don't you have a trade robot

I'm in BTC now. Thinking how to buy without driving the price up too much...

Well you can start here. somebody is pissed and wants out with 500K

0.00007280      448,341.590   32.63926775

This wall has been eaten up on Bter just  now.   Shocked

Fuck Mt.Gox! Fuck Mintpal! Fuck Bter! FUCK kyc! Protect yourself use MGW! SUPERNET!
Recommended ASSET ->InstantDex : Lead Dev Jl777 (decentralized multi currency instant exchange)
Recommended ASSET -> Jinn : Lead Dev Come-from-Beyond (ternary processors!)
https://nxtforum.org/news-and-announcements/(ann)-jinn/
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February 11, 2014, 04:05:26 AM
 #31899

CfB cut your sell on bter in smaller chunks please... Grin

don't you have a trade robot

I'm in BTC now. Thinking how to buy without driving the price up too much...

Well you can start here. somebody is pissed and wants out with 500K

0.00007280      448,341.590   32.63926775

This wall has been eaten up on Bter just  now.   Shocked

aaaaanddddd its gone...

Btc : 12LMdyWoyjJ1BZxfWmaZMWjTXn7S9y5EdK
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February 11, 2014, 04:06:20 AM
 #31900

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
https://dl.dropboxusercontent.com/u/9726875/aeTestnet1.JPG

Issue Asset (fill all fields and Issue Asset, min. fee 1000)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet2.JPG

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)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet3.JPG

My orders (all Ask and Bid orders for selected account)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet4.JPG

Context menu (select any Asset and right click)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet5.JPG

View Open orders (for selected Asset)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet6.JPG

Place Order (ask or bid order for selected Asset, enter price 100 that will be considered 1, minimum price is 100)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet7.JPG

Cancel Order (in My orders, you can select your order and right click to cancel order)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet8.JPG

Cancel order window (requires only secret Phrase of account that placed same order)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet9.JPG

Trade history (history of all trades for selected Asset)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet10.JPG


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.

Good job.
I have translated it and post on China Forum.
http://nxts.info/forum.php?mod=viewthread&tid=30&extra=page%3D1
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