NXT :: descendant of Bitcoin - Updated Information

[redsn0w]

Finally , i'm start forging in the testClient


http://i.epvpimg.com/kkZAh.png

[martismartis]

I keep getting 100's of these messages (NRS 0.7.5)

[2014-02-17 11:58:47.291] DEBUG: Failed to accept block 5019498541751544021 at h
eight 68491 received from vps5.nxtcrypto.org, blacklisting
[2014-02-17 11:58:48.350] DEBUG: Failed to accept block 5019498541751544021 at h
eight 68491 received from vps5.nxtcrypto.org, blacklisting
[2014-02-17 11:58:51.529] DEBUG: Failed to accept block 5019498541751544021 at h
eight 68491 received from vps1.nxtcrypto.org, blacklisting
[2014-02-17 11:58:52.579] DEBUG: Failed to accept block 5019498541751544021 at h
eight 68491 received from vps5.nxtcrypto.org, blacklisting
[2014-02-17 11:58:54.779] DEBUG: Failed to accept block 5019498541751544021 at h
eight 68491 received from vps5.nxtcrypto.org, blacklisting
[2014-02-17 11:58:56.980] DEBUG: Failed to accept block 5019498541751544021 at h
eight 68491 received from vps5.nxtcrypto.org, blacklisting
[2014-02-17 11:58:58.318] DEBUG: Failed to accept block 5019498541751544021 at h
eight 68491 received from vps1.nxtcrypto.org, blacklisting
[2014-02-17 11:58:59.369] DEBUG: Failed to accept block 5019498541751544021 at h
eight 68491 received from vps5.nxtcrypto.org, blacklisting

What's causing this? Can this be ignored?

My public node acts the same.

[bitmadaboutcoin]

Thanks for the link. But that only reduces the variance, it doesn't increase the expected gains from forging. Pools "work" (well, used to work) for Bitcoin and friends because expected gains (used to be) > costs even for small-timers, but the variance was extremely high. Nxt has low expected gains from forging. Poor shibes like me will likely have have expected gains of < 0 (after electricity and hardware costs), the only profitable ones may be ones that can do it in scale and have market advantages in the different parts of the cost equation, to keep costs down.

I share the concerns of centralization, but seems to me the way to deal with that is for leasers to be able to have some kind of influence on the forger's behavour (i.e. what txes they reject, scripts they don't run and how they blacklist/weigh other forgers). Maybe moving leasing power to someone else is sufficient, or maybe there needs to be some way for leaser's to inflict a penalty (but maybe with their own reputations on the line).

Expected gains = rewards - running costs

Running costs are extremely low for NXT: As most users have flatrates, it basically comes down to power costs. Even running the forging client on a netbook would only cost about 25€ per year. Using the average per day there are 3.347.046,35 NXT fee generated per year.

This means, that forging on a netbook at the moment is profitable if you have more than 173,704.0 NXT on your account. As the price will increase and it is always possible to reduce power consumption by using a rasp-pi and a solar-panel, i do not think, that expected gains is a good argument for pooled forging.
All you could save by pooling would be 173,704.0 Nxt at the moment - a lot less if price increases.

Edit: Math was a off

when should we be able to lease forging power? im not about to send all my coins away, not worth the risk

[Come-from-Beyond]

when should we be able to lease forging power? im not about to send all my coins away, not worth the risk

In ~1 month.

[wesleyh]

@Come-from-Beyond :

using NXT wallet from here http://nxtra.org/nxt-client/#
and numerical keypad doesn't work for me (azerty keyboard).

You need to tell wesleyh, not to Come-From-Beyond , because the nxtra.org client was created by #wesleyh.

Fixed.

[Mario123]

www.nxtforcharity.org

->

https://bitcointalk.org/index.php?topic=468258.0

1st goal reached!

[Zahlen]

Running costs are extremely low for NXT: As most users have flatrates, it basically comes down to power costs. Even running the forging client on a netbook would only cost about 25€ per year.

It's extremely low, if you're only running Nxt on top of what you'd normally be doing. But remember that some folks won't be leaving their computing devices on for long periods of time. Even if you assume that e.g. Nxt node is set to automatically run whenever you connect to the internet, there are still other costs (that usually aren't factored into the numbers) like setting all this up, one more process to consider as culprit if your system hangs, etc.

As the price will increase and it is always possible to reduce power consumption by using a rasp-pi and a solar-panel

Rasp-pis may not suffice for much longer, there have been discussions about this recently, though I'm sure there will be newer, more powerful and still cheap microboards that will take their place. And solar panel production costs are going down and efficiencies are going up. But they're still a non-negligible cost in terms of $ and setup.


Basically, if I'm a regular guy (i.e. not someone who has a comp running for long periods of time, and not particularly concerned about the Nxt network) and my expected net gains are very low, then I'd rather not bother with forging at all. Too many things in life to worry about, I'd rather just lease my forging power and have one less. Let the market make it easy for me to decide where to lease it, e.g. who can offer better returns, which forger seems to be not doing evil.

EDIT: So ultimately it'll depend on price and transaction volume increasing. If they increase enough, then regular folks may find it worth it to forge themselves. Then yeah, I can see shared forging, or some other form of variance reduction in the protocol as much more appealing than leased forging or joining pools.

[Fatih87SK]

www.nxtforcharity.org

->

https://bitcointalk.org/index.php?topic=468258.0

1st goal reached!

Nice website 

[Mario123]

Who is able to develop a lightweight NXT tool for Windows and Mac, which sits just in your taskbar/menubar (see picture as an example)?

Installing and running this little tool should be hassle free. You can lookup your account, use main Nxt functions (like sending NXT, messaging), activate/deactivate forging right from the menu and you see some general blockchain stats.

That way, we could promote this little gadget as a simple and lightweight tool which runs smoothly in the background, forging for you (or not) and securing the Nxt network.






(I'm no windows user. Do windows user still have this little apps in the task bar? Or is there a modern equivalent, like a gadget on the desktop?)

[Zahlen]

This would be awesome! If it can provide useful, free functions like messaging (AMs will cost), then I can see regular folks using it.

[Come-from-Beyond]

Who is able to develop a lightweight NXT tool for Windows and Mac, which sits just in your taskbar/menubar (see picture as an example)?

Installing and running this little tool should be hassle free. You can lookup your account, use main Nxt functions (like sending NXT, messaging), activate/deactivate forging right from the menu and you see some general blockchain stats.

That way, we could promote this little gadget as a simple and lightweight tool which runs smoothly in the background, forging for you (or not) and securing the Nxt network.

http://cdn.osxdaily.com/wp-content/uploads/2011/07/desktop-utility-osx-lion.jpg

http://cloud.addictivetips.com/wp-content/uploads/2013/04/Window-On-Top.png


(I'm no windows user. Do windows user still have this little apps in the task bar? Or is there a modern equivalent, like a gadget on the desktop?)

Could be developed as a Windows widget, requires only HTML and JS.

[Come-from-Beyond]

I'm updating the testnet...

[Mises_77]

There is about 45 BTC in bids at Bter .00009035 - .00009111 who's gonna go fill it?

[verymuchso]

I'm updating the testnet...

Is that why it's offline now?
Could I also get some test nxt please 16372495462152719802

[redsn0w]

Who is able to develop a lightweight NXT tool for Windows and Mac, which sits just in your taskbar/menubar (see picture as an example)?

Installing and running this little tool should be hassle free. You can lookup your account, use main Nxt functions (like sending NXT, messaging), activate/deactivate forging right from the menu and you see some general blockchain stats.

That way, we could promote this little gadget as a simple and lightweight tool which runs smoothly in the background, forging for you (or not) and securing the Nxt network.

http://cdn.osxdaily.com/wp-content/uploads/2011/07/desktop-utility-osx-lion.jpg

http://cloud.addictivetips.com/wp-content/uploads/2013/04/Window-On-Top.png


(I'm no windows user. Do windows user still have this little apps in the task bar? Or is there a modern equivalent, like a gadget on the desktop?)

Could be developed as a Windows widget, requires only HTML and JS.

I genereted a block ..  but  nothing happened

[igmaca]

Quote
  
Re: NXT :: descendant of Bitcoin - Updated Information
Today at 11:05:34 PM
Reply with quote  #35803
Quote from: igmaca on Today at 10:51:20 PM
  
Quote
Re: NXT :: descendant of Bitcoin - Updated Information
Today at 10:40:17 PM
Reply with quote  #35790
Quote from: igmaca on Today at 10:27:42 PM
source: http://www.swipeidentity.com/

Free two factor authentication for everyone!

With our technology, you can setup two factor authentication for FREE in less then 10 lines of code ! It's simple, fast and available for everyone.


Would not it be interesting to adopt this technology in nxt clients?

Relying on an external company to open my 'wallet' at home is not good.

But instead the big exchanges have adopted it.

At the end nxt have the  nxt main pasword and the second pasword is like a measure for more security

This for our decentralized nxt feels weird.

I understand your point of view.

maybe there are several providers that will come as several providers are creating several nxt clients

for example this other

Plugin Author: Dominik Reichl, Plugin Language: English

OtpKeyProv is a key provider based on one-time passwords. After protecting your database using this plugin, you need to generate and enter one-time passwords in order to open your database.

All generator tokens that follow the OATH HOTP standard (RFC 4226) are supported.

Download plugin: [v2.2 for KeePass 2.20 and higher]
Download source code: [v2.2 for KeePass 2.20 and higher]

If you instead want KeePass to generate one-time passwords, see the {HMACOTP} placeholder. For generating time-based OTPs, see the KeeOtp and Tray TOTP plugins.

Why not invite these developers to implement two-factor authentication on the nxt client?

I found some more


Tray TOTP
Plugin Author: Alexandre Gravel, Plugin Language: English

Time-based One-Time Password plugin to enable 2-step authentification (supports Google and Dropbox) by generating TOTPs from the KeePass tray icon. This plugin also provides a custom column to display and/or generate TOTPs. Auto-Type is also supported when the specified custom field is used in a keystroke sequence.

Website: [https://sourceforge.net/projects/traytotp-kp2/]
Downloads: [https://sourceforge.net/projects/traytotp-kp2/files/]

KeePass has a built-in placeholder to generate HOTPs (but not TOTPs), see {HMACOTP}.

If you instead want to protect your KeePass database using one-time passwords (i.e. one-time passwords need to be generated and entered in order to open your database), see the OtpKeyProv plugin.

KeeOtp
Plugin Author: Devin Martin, Plugin Language: English

This is a KeePass plugin that adds support for two factor authentication into other systems using TOTP (Timed One Time Passwords). It stores TOTP secret keys in the KeePass database and generates TOTP codes from the key within KeePass.

KeeOtp is compatible with Google's 2-Step Verification and Amazon AWS MFA. It will work with most other RFC 6238 compliant TOTP implementations as well.

Website: [https://bitbucket.org/devinmartin/keeotp/wiki/Home]
Downloads: [https://bitbucket.org/devinmartin/keeotp/downloads]

KeePass has a built-in placeholder to generate HOTPs (but not TOTPs), see {HMACOTP}.

If you instead want to protect your KeePass database using one-time passwords (i.e. one-time passwords need to be generated and entered in order to open your database), see the OtpKeyProv plugin.

[Damelon]

Hi people,

My developer is ready to start on the creation of payment modules for Nxt for all major open source platforms, starting with WP, because that will help quick adoption.

Basically the system consists of two parts: a module for the client and a module for servers. The client module takes care of giving payment details to the customer and sending out queries to a dedicated server that answers these queries.

The merchant can set several parameters like minimum number of confirmations before he considers a transaction "valid", amount of time that he will accept payment etc.

NO secret information is sent: the customer will pay via his own client.

The dedicated server is responsible for answering queries about the payments. Merchants can either choose to set up their own server (run a node) or use the services of a 3rd party server (paid or otherwise, depends on the node).

All software will be open source from the start.

I would like to know if a bounty is outstanding for this or if anyone is willing to offer a bounty for this. At this moment ETA would be end of the month for the first version to be used with WP.

i have ran the information that my developer sent already by wesleyh, to be sure it is good. 

[lucky88888]

HOLY shit 82btc order on Bter

Price   Amount(NXT)   Total(BTC)
0.00009315   882,348.810   82.19079165

[bitcoinpaul]

Hi people,

My developer is ready to start on the creation of payment modules for Nxt for all major open source platforms, starting with WP, because that will help quick adoption.

Basically the system consists of two parts: a module for the client and a module for servers. The client module takes care of giving payment details to the customer and sending out queries to a dedicated server that answers these queries.

The merchant can set several parameters like minimum number of confirmations before he considers a transaction "valid", amount of time that he will accept payment etc.

NO secret information is sent: the customer will pay via his own client.

The dedicated server is responsible for answering queries about the payments. Merchants can either choose to set up their own server (run a node) or use the services of a 3rd party server (paid or otherwise, depends on the node).

All software will be open source from the start.

I would like to know if a bounty is outstanding for this or if anyone is willing to offer a bounty for this. At this moment ETA would be end of the month for the first version to be used with WP.

i have ran the information that my developer sent already by wesleyh, to be sure it is good. 

 

Bounty of unclaimed coins or maybe some stakeholders, I'm sure.

[S3MKi]

HOLY shit 82btc order on Bter

Price   Amount(NXT)   Total(BTC)
0.00009315   882,348.810   82.19079165

just want to write about that