NXT :: descendant of Bitcoin - Updated Information

[ChuckOne]

News about TaPoS: https://docs.google.com/document/d/1RLcjSXWuU9vBJzzqLEXVACSCdn8zXKTTJRN_LfoCjNY/edit?pli=1

The author suggests a real penalty for accounts not mining within a year or so: they pay a fee.

Somehow, I like that.

Would be great if we could get this guy to help us with Nxt DAC.

I fear he has his own plan with BitShares.

[^[GS]^]

Finally! a block has been forged!!!
Just is 1 NXT, but it's a start!

Thank you very much to all who continued to invest in this project.

The percentage of the forging is automatically assigned when the forge is confirmed. (~48 hours) please be patient!

Details: http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=1000&blk=12664875317636265061

[2Kool4Skewl]

News about TaPoS: https://docs.google.com/document/d/1RLcjSXWuU9vBJzzqLEXVACSCdn8zXKTTJRN_LfoCjNY/edit?pli=1

The author suggests a real penalty for accounts not mining within a year or so: they pay a fee.

Somehow, I like that.

Would be great if we could get this guy to help us with Nxt DAC.

I fear he has his own plan with BitShares.

Penalizing people for not forging with their accounts is detrimental.  There are many reasons people don't forge with their accounts.

If you want to drive people away from Nxt, implement this.

[Come-from-Beyond]

Come-from-Beyond, how difficult would it be to add a feature to the asset exchange allowing accounts to trust other accounts for a certain asset up to a specific amount?  The system would have to be able to handle shifting debt balances.

Not very hard.

[2Kool4Skewl]

Come-from-Beyond, how difficult would it be to add a feature to the asset exchange allowing accounts to trust other accounts for a certain asset up to a specific amount?  The system would have to be able to handle shifting debt balances.

Why not trusting the person himself?

If you want to help a person, lend him some money. If he is trustworthy, he will give it back to you.

If you trust someone's account, you are trusting him.  The reason why this should be implemented via code in the AE is so the debt transference is automatic which allows for real-time accounting.

[pinarello]

Unclaimed coins funds and committees...

Community,

Please apply for one of the committees created.

https://docs.google.com/spreadsheet/ccc?key=0AsrKGhOkVcFpdFRFeHNUdWx3Qy1nTjBPLUFNWUJKQkE&usp=sharing#gid=0

If there are more candidates than places we shall vote for the members.

Everyone has  to present his project before the projectboard (members of all committees) they will do a triage of projects and assign each project to the correct committee.

You find the projectboard here:
https://forums.nxtcrypto.org/viewtopic.php?f=54&t=809

Three committees will be created:

NXTinfrastructurefund (more hardware related, VPS, clients)
Discussing the projects assigned to this committee will be held here:

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=806


NXTmarketingfund
Discussing the projects assigned to this committee will be held here:

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=807


NXTtechfund (more code related)
Discussing the projects assigned to this committee will be held here:

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=808

Mean time we will moving away from BTT and use the official decentralized forum https://forums.nxtcrypto.org/

Remarks and suggestion welcome

Pin

active members please apply...


new project that want unclaimed coins go here...

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=809

[2Kool4Skewl]

Come-from-Beyond, how difficult would it be to add a feature to the asset exchange allowing accounts to trust other accounts for a certain asset up to a specific amount?  The system would have to be able to handle shifting debt balances.

Not very hard.

Great!

I believe only two new api calls would be required.  One api call to give trust and one api call to remove trust.

Can you please add these functions to the AE?

[abctc]

Unclaimed coins funds and committees...
...
Three committees will be created:

NXTinfrastructurefund (more hardware related, VPS, clients)

- I think it is no need in NXTinfrastructurefund, because we can not fund hardware in order to keep Nxt network. That would be a centralisation.

[mikesbmw]

Excellent, with a 29,500 NXT sale on DGEX I have helped us to cross the 500,000,000 NXT mark on DGEX alone! =D

We have traded far more than half of the entire currency in the past few months. Well done everyone!

Wow! And that's DGEX alone?
If you add the numbers for Vircurex and Bter that's even a more impressive amount!

[pandaisftw]

Count me in, but we need a place to discuss the game and ideas about it IRC channel?

Yes, IRC, reddit, free php board... somewhere we won't piss off the normal people here.

edit: I created Nxtopia over at irc.foonetic.net.

Will Nxtopia be a mobile app?

We discussed this a little in the IRC. Uniqueorn brought up a good point that it may be hard to convince either apple or google to allow an app that does payments that don't go through their payment system. But the plan is to make the game light enough that a smartphone can run it.

Nxtopia bounty:

5000 -- jl777 (I think via community fund?)
1000 -- Pandaisftw
1000 -- MyZhre
1000 -- swartzfeger

+ 5000 from me

I think its a brilliant idea.. would like to help with idea and other stuff if I can..
Will this include being able to craft things and then sell them to gain NXT to buy other stuff in the game?

+2000 from me for now.

I'm thinking about having items be represented by assets, thus they can be traded freely outside of the game. So yes, you can sell your super-rare asset for NXT, or vice versa. The game will have it's own in-game currency, which will be exchangeable for NXT anyways, but at least it will buffer rapid price movements (plus we can do things like modify the rate of supply of the in-game currency which we cannot do with NXT directly) - I will have to think about this more, however.

[Antana]

Can someone help with this:
http://www.reddit.com/r/NXT/comments/1ybcsk/strange_activity_in_the_network/

[abctc]

I believe only two new api calls would be required.  One api call to give trust and one api call to remove trust.

- very strange idea about the trust in the decentralised anonimous network...

Trust noone - this is a very important principle. Nxt doesn't rely on trust ...

[pinarello]

Unclaimed coins funds and committees...
...
Three committees will be created:

NXTinfrastructurefund (more hardware related, VPS, clients)

- I think it is no need in NXTinfrastructurefund, because we can not fund hardware in order to keep Nxt network. That would be a centralisation.

I think more about VPS or infra for 1000TPS

[bitcoinpaul]

With all the donation-, game token-, micro loan- and what ever-projects rising... shouldn't we talk about that now? If we build awareness with NXT as donation/gametoken/loans and in a few weeks, we have coins on top of NXT which suits much better for this stuff, what happens next?

BCNext's plan for nxt is not to be a currency but instead the coins ON TOP of nxt should be. .. I want opinions.

-

The 2nd part of BCNext's plan - https://bitcointalk.org/index.php?topic=458036.0

... I like these ideas but most of the community don't, IMO.

Edit: Well, we have an option not to follow his plan...

BCNext's plan for nxt is not to be a currency but instead the coins ON TOP of nxt should be. I say give Nxt high divisibility (in the future), reduce fees and see what the market will do with it. I want opinions.

edit:

I believe only two new api calls would be required.  One api call to give trust and one api call to remove trust.

- very strange idea about the trust in the decentralised anonimous network...

Trust noone - this is a very important principle. Nxt doesn't rely on trust ...

What about a loan-coin on top of Nxt. With subprime mortgages and all the financial stuff

edit2: Or is this asset stuff?

[Come-from-Beyond]

Come-from-Beyond, how difficult would it be to add a feature to the asset exchange allowing accounts to trust other accounts for a certain asset up to a specific amount?  The system would have to be able to handle shifting debt balances.

Not very hard.

Great!

I believe only two new api calls would be required.  One api call to give trust and one api call to remove trust.

Can you please add these functions to the AE?

It's not easy enough to add it right now.

[mikesbmw]

I'm going to get my cute ass into bed here in Europeland, but before i go:

Reposted from promotion thread:
https://bitcointalk.org/index.php?topic=412243.new#new


Here's my productivity for the day: some sweet shiny stickers:



Aren't they pretty ? I now have no idea what to do with them......like to distribute them to the NXT posse, but not sure how.

Any one want some, let me know.....I've only got a 100 so far, so it'll probably only be 5 or 10 stickers per person.
They are 140mm x 40 mm, btw.

EDIT: I'll figure out prices/postage etc sometime Wednesday...the 100 cost €45, but this was just a test run.
In the future I can get the price down a lot if we order larger quantities.


Kodtycoon...don't sweat the price right now. Its good to see a stable sell-off like this. NXT is slowly rolling up and being sold off at the same time, which is a hard trick to do. I expect we will see a massive price surge when the whales stop/slow the sell-off, but when that will be....

I'd like to get my hands on few of them as well!
As I'm also from euroland the postage shouldn't be to much (I will pay for that of course)

I think if you designed a few with a clear back i.o. black, that would also be nice on laptops and such.

[abctc]

With all the donation-, game token-, micro loan- and what ever-projects rising... shouldn't we talk about that now? If we build awareness with NXT as donation/gametoken/loans and in a few weeks, we have coins on top of NXT which suits much better for this stuff, what happens next?

- my opinion: coin on top of Nxt can only be centralized coin. Or PoW-coin, like Lukshme. That centralized coin is absolutely different story (then Nxt).  I see no reason to complicate Asset Exchange, as a part of Nxt, with a "trust".

[swartzfeger]

What about a loan-coin on top of Nxt. With subprime mortgages and all the financial stuff

edit2: Or is this asset stuff?

Collateralized debt obligations, woooooo!

just saw your edit.

https://en.wikipedia.org/wiki/Asset-backed_security
https://en.wikipedia.org/wiki/Collateralized_debt_obligation

This is major kung fu, gentlemen.

[2Kool4Skewl]

I believe only two new api calls would be required.  One api call to give trust and one api call to remove trust.

- very strange idea about the trust in the decentralised anonimous network...

Trust noone - this is a very important principle. Nxt doesn't rely on trust ...

What about a loan-coin on top of Nxt. With subprime mortgages and all the financial stuff

edit2: Or is this asset stuff?

This is AE stuff.  We are basically talking about making all assets loanable.

If you purchase an asset on the AE, you are trusting the issuer.  This is true until the autonomous gateways/exchanges start.

I agree with BCNext.  NXT's core shouldn't rely on trust.  Trusting your friend or neighbor with money is not what he meant, imo.

[2Kool4Skewl]

Come-from-Beyond, how difficult would it be to add a feature to the asset exchange allowing accounts to trust other accounts for a certain asset up to a specific amount?  The system would have to be able to handle shifting debt balances.

Not very hard.

Great!

I believe only two new api calls would be required.  One api call to give trust and one api call to remove trust.

Can you please add these functions to the AE?

It's not easy enough to add it right now.

Ok.  Hopefully in the future, we can implement a social credit system in the AE, if the community agrees.