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opticalcarrier
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February 14, 2014, 11:52:22 PM |
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I havent figured out how exactly to create a coin on top of NXT. It is supposed to be easy, so that is why I started bounty with 25000 NXT. My hope is that someone that knows how to do this (hint, hint) will publish a reference coin on top of NXT. Then we can extend it by adding customization, etc.
I am thinking that a new coin would simply be an Asset inside of NXT AE. So the community gateways should be able to provide a turnkey coin creation service. However I am not clear on how to enforce any sort of proof of work mining....
Oh, of course! I think I just saw how it could be done. Let it percolate for a bit in my head. I will disclose the method to any community gateway providers. Still need 3 more.
I think we can create a mechanism for anybody to issue a new "coin" that will trade within NXT AE. Any type of proof of work, proof of stake, proof of whatever, could be specified. Of course the more complicated it is, the more work it will be to implement, but somebody familiar with bitcoind should be able to create a PoW coin on top of NXT. Not that we want to encourage such things, but the beauty of NXT is that there is nobody that will prevent you from doing a PoW coin on top of it. As long as 1 billion coins is enough, NXT AE seems to be a pretty good platform for customized coins.
James
CfB was nearly complete with his PoW coin that uses NXT AM as its base. I dont think a coin based on NXT AE will be feasable unless people will be ok with centralization of whoever creates it. or unless you come up with some 100% distribution scheme to release them all upon asset creation. Not 100% sure, but I believe a coin based on NXT-AM would simply write signatures of generated blocks into AMs, since AMs would be pruned anyways. It would be up to the nodes themselves to keep their real blockchain in RAM and/or in some local DB. I think. |
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No Gods or Kings. Only Bitcoin
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xyzzyx
Sr. Member
 Offline
Activity: 490
Merit: 250
I don't really come from outer space.
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February 14, 2014, 11:52:35 PM |
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anyone have a link to a high resolution image of the nxt logo?
Is this for CNC? |
"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
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Damelon
Legendary
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Activity: 1092
Merit: 1010
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February 14, 2014, 11:53:21 PM |
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Based on 1 account 1 vote, fmiboy just won the bounty!!  1000NXT sent. Tx id: 12436446305471535734, but plz don't ask for resend due to Transaction Malleability issues!  Next time add that you can bend the rules. You can ALWAYS bend rules! |
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ChuckOne
Sr. Member
Offline
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
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February 14, 2014, 11:54:18 PM |
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Based on 1 account 1 vote, fmiboy just won the bounty!! 1000NXT sent. Tx id: 12436446305471535734, but plz don't ask for resend due to Transaction Malleability issues! Next time add that you can bend the rules. You can ALWAYS bend rules! But don't break them!  |
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EvilDave
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February 14, 2014, 11:55:09 PM |
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I downloaded the client and thought I would be able to forge a few coins but the forge link on the site doesn't work.
How does one go about forging some of these coins?
Welcome to NXT, mate. Now the bad news: it's a proof af stake crypto, we already made all the coins. Forging only gets u the revenue from transaction fees, based on how much NXT u hold. It's not like mining, where u create new coins. Best advice I can give u: buy lots of NXT now. |
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fmiboy
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February 14, 2014, 11:55:58 PM |
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Based on 1 account 1 vote, fmiboy just won the bounty!! 1000NXT sent. Tx id: 12436446305471535734, but plz don't ask for resend due to Transaction Malleability issues! thanks! |
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smartwart
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February 15, 2014, 12:03:53 AM |
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I think - this is the foot in the door. Thank you very much - J-L - You has made=> a idea get a chance. |
NxT: 13574045486980287597
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salsacz
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February 15, 2014, 12:22:45 AM |
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EvilDave
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February 15, 2014, 12:31:36 AM |
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+10 to salsacz.....
...thx for the sig translation, btw!
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EvilDave
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February 15, 2014, 12:35:00 AM |
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Beware....block 66666 is nigh !
Well, soon, anyway.........
Don't forget to upgrade to 7.4 or 7.5 before block 67000, or J-L says that there will be much forking.
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kknk808
Newbie
Offline
Activity: 40
Merit: 0
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February 15, 2014, 12:43:17 AM |
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Beware....block 66666 is nigh !
Well, soon, anyway.........
Don't forget to upgrade to 7.4 or 7.5 before block 67000, or J-L says that there will be much forking.
Hopefully we exchanges are notified of this |
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Pouncer
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February 15, 2014, 12:46:02 AM |
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xyzzyx
Sr. Member
Offline
Activity: 490
Merit: 250
I don't really come from outer space.
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February 15, 2014, 12:51:16 AM |
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They appear to be using a centralized mixing service which is conceptually different than zerocoin. In the mixing service, coins are sent to a centralized node and then redistributed from there. In zerocoin, the coin(s) is always in possession of that coin(s) owner until spent. The spending process leaves no trail in the blockchain by way of zero-knowledge proofs. The two have the same goal: keeping a coin's source from being determined, but the implementations are different. |
"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
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jl777
Legendary
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Activity: 1176
Merit: 1132
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February 15, 2014, 12:52:49 AM |
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I didnt see anything about zeroknowledge algos here. It seems it is mixing, which is better than nothing, but I doubt it will survive any serious attempt at extracting correlations of acct #s and transfer paths |
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xyzzyx
Sr. Member
Offline
Activity: 490
Merit: 250
I don't really come from outer space.
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February 15, 2014, 12:55:02 AM |
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I didnt see anything about zeroknowledge algos here. It seems it is mixing, which is better than nothing, but I doubt it will survive any serious attempt at extracting correlations of acct #s and transfer paths Yeah, it's a centralized mixing service. A centralized mixing service has the weakness in that it can be shut down. |
"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
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gs02xzz
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February 15, 2014, 01:16:46 AM |
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Team,
We have a major opportunity with the charity to be the official sponsor:
"We can bill it as Nxt presents…,
Check out who we have on the bill:
songsoflove.org/LA
We can change the bitcoin Logo to Nxt."
Not only would we gain press before the event (which would open doors to a number of different writers), we would get media exposure at the event. I need to work out the details this weekend, but yeah... I'm pumped. If Dogecoin can raise $30k for a bobsled team, I see no reason we can't raise $10k+.
Blu Cantrell will be there... guys, this is a huge event.'
** Large Stake Holders and Marketing Budget **
The amount of press and exposure we will get from this is an amazing ROI. I'd love to see some of our bigger holders as well as looking at the marketing budget to help support this initiative.
+1. |
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lucky88888
Sr. Member
Offline
Activity: 404
Merit: 250
https://nxtforum.org/
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February 15, 2014, 01:27:10 AM |
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They appear to be using a centralized mixing service which is conceptually different than zerocoin. In the mixing service, coins are sent to a centralized node and then redistributed from there. In zerocoin, the coin(s) is always in possession of that coin(s) owner until spent. The spending process leaves no trail in the blockchain by way of zero-knowledge proofs. The two have the same goal: keeping a coin's source from being determined, but the implementations are different. I didnt see anything about zeroknowledge algos here. It seems it is mixing, which is better than nothing, but I doubt it will survive any serious attempt at extracting correlations of acct #s and transfer paths I didnt see anything about zeroknowledge algos here. It seems it is mixing, which is better than nothing, but I doubt it will survive any serious attempt at extracting correlations of acct #s and transfer paths Yeah, it's a centralized mixing service. A centralized mixing service has the weakness in that it can be shut down. This type of mixing is exactly what we had mentioned before.. except instead of using only a mixing account they make use of by distributing a node. Looks little bit like the way nxt works. Do we have a spy from tips lurking in here.  EDIT: You can see it here: https://bitcointalk.org/index.php?topic=345619.msg4829987#msg4829987I'm pretty sure they have to have a mixing account made specially for the "mixing node" and each "distributed node" has its own mixing account. That would make it not safe in some cases. Wonder who has the mixing account details when deploying the node? is it self generated inside the application? i'm gonna try play around with it. |
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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^[GS]^
Member
Offline
Activity: 112
Merit: 10
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February 15, 2014, 01:34:34 AM |
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Need Test nxt please. Thanks
6815286805809610855
+10k TEST NXT ____ NXTio Peer updated to 0.7.5 |
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qqNxt
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February 15, 2014, 01:51:15 AM |
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About the AE test bug
-I cannot sell my assets when i'm low on nxt (still got plenty to pay for the fees though)
I have 200 nxt and have 1,000,000,000 of X asset and I have someone with a bid order of 1,000,000 X for the price of 1nxt per X.
Now I try to sell it by placing a ask order at 1,000,000 X at 1 nxt per X, the system returns that I don't have enough nxt and fees required is only 1nxt.
I tried with the webclient from nxtra and clieNxt both client return same error?
Why this happen? Anyone? Dev?
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