NXT :: descendant of Bitcoin - Updated Information

[jl777]

Agreed (minus the vulgar language), we can market AE when it's finished with testing and we are happy with it.

Btw, who is really testing it? I got only a few bug reports.

I don't really need AE working (I'm not a trader and don't need to IPO anything), so I can wait till April. The community should focus on testing if it does need AE.

I need AE for a LOT of things!
I have been concentrating on the gateway side of AE and assuming that its functionality has been tested.

For everybody that wants to be able to trade other cryptos directly in AE, please test AE trading.

I am planning on test release of DOGE gateway this weekend. Once DOGE gateway is tested, adding any other bitcoind fork should go really fast.

James

[jl777]

One final thing I will say about the (lack of proper) statistical analysis is that for my own involvement in Nxt I would rather be paid in BTC (if I am to be paid anything at all).

I have read proper statistical papers (such as created by Meni) with sound math describing all of the possible attacks upon Bitcoin and I am much more satisfied with that then the "just trust BCNext's algorithm argument" who himself btw actually stated "don't trust me".

It seems that things like "proper analysis" are not things that this community wants to do or even hear about.

That is not true. I do want to properly analyze the TF algo, but we dont have it yet, so what to do?
It is good that we are preparing some tools to be able to get a jump start on the analysis. Until it is released, we can only build analysis tools. Any results from it doesnt really apply except in the most general terms.

[Eadeqa]

I actually drew attention to this just a few weeks ago and it covers several pages backwards in this thread.
Also talked with CfB on skype about it just yesterday.
I agree, the infrastructure needs to get fixing and a structured plan ASAP or we'll be stuck in nomansland quick

We had a 10 BTC bounty on proper cryptanalysis by a specialist . That thing still went nowhere

[CoinTropolis_JustaBitTime]

I actually drew attention to this just a few weeks ago and it covers several pages backwards in this thread.
Also talked with CfB on skype about it just yesterday.
I agree, the infrastructure needs to get fixing and a structured plan ASAP or we'll be stuck in nomansland quick

We had a 10 BTC bounty on proper cryptanalysis by a specialist . That thing still went nowhere

Hopefully you're still reaching out and trying to make it happen!

[msin]

Has there been any thought or moves to marketing directly to groups that may benefit from using NXT? i.e. Trade Unions, Chambers of Commerce maybe Small or local government bodies? This type of marketing would be fairly cheap; Only involving time and not much $ to get rolling on. NXT could be made to seem very appealing to these types of organizations if presented in the right way.

I think we would lose all credibility if we were being used by local government bodies.

I was thinking not in terms of direct use of the NXT currency, but by use of the asset exchange. Trade unions, and government bodies can by means of contract or legislation create demand for assets that they could generate on the AE. For example a union could negotiate into their contract that a portion of their pension be funded with an asset that they create, and any signatory contractor that employed any of that unions workers would be bound to invest in that asset. This would benefit the unions in the same way that the original block genesis of NXT benefited the stake holders. They would have control of the assets availability and thus the value of the asset. The contractor would not be at a disadvantage as they would have to pay the same amount out for the pension wether it were paid in FED. RESERVE notes or cryptos. The holders of the asset would gain from the increase in value of the asset as it were sold on the market, and could generate the asset for free and have control over its availability. It could work in a similar way for any body that could leverage a demand through contract or legislation. They wouldn't be endorsing the NXT currency directly, but would be forced to participate to a certain degree to use the AE. These types of groups may be easy to influence as they stand to profit with very little investment and could have direct control over the asset.

Just a thought.

Yeah, I see that, I like the ideas nonetheless.

[salsacz]

You can support Songs of Love charity event here:

http://www.reddit.com/r/NXT/ (upvotes)
https://twitter.com/songsoflove/status/438690399964909568 (retweet)
https://www.facebook.com/nxtcrypto/posts/10203544422638159?stream_ref=1 (share)

[Choboy]

One final thing I will say about the (lack of proper) statistical analysis is that for my own involvement in Nxt I would rather be paid in BTC (if I am to be paid anything at all).

I have read proper statistical papers (such as created by Meni) with sound math describing all of the possible attacks upon Bitcoin and I am much more satisfied with that then the "just trust BCNext's algorithm argument" who himself btw actually stated "don't trust me".

It seems that things like "proper analysis" are not things that this community wants to do or even hear about.

I bet most of us believe that BCNext did math analysis and found no flaws.

With respect: this is a glib, bullshit answer, and you can't prove the "most of us" part any more than you can prove the "BCNext did math analysis" part.

Three months in and we have no Whitepaper, no documentation of algorithms, and no modelling or statistical analysis.

The greatest irony of the great decentralized Nxt Ecosystem is that its core is centralized in an opaque, anonymous identity who only communicates to the world through a Belarusan Java programmer on contract.

One day soon, Nxt will be called out for this. It is Nxt's biggest flaw.

This is my biggest doubt so far in Nxt, and I am sure for everyone else as well... I agree that BCNext not releasing his white paper, documentation, or algorithms three months in is annoying. Is there any timeline in the near future?

[^[GS]^]

NXTio forging every day lately.

Actual Blocks Status...
* Block: 3448657319332696167 (Amount: 1.00 NXT) - Transaction: 9970323445323036321 - Confirms: 14
* Block: 13030695318873148005 (Amount: 1.00 NXT) - Transaction: 10989271715894296795 - Confirms: 1350
* Block: 3940469777859251750 (Amount: 1.00 NXT) - Transaction: 9069472074360739900 - Confirms: 1530 [CONFIRMED]

[allwelder]

** Cryptsy Update **

I just heard back from Paul (met him at the Miami Bitcoin Conference), they are looking to implement Nxt in the next few weeks.

I talked with Big Vern @Skype and I introduced CfB to him - he said he will talk to Paul about it (to get help from CfB if needed).

Fantastic. I did a virtual introduction with all the different devs including CfB and Jean-Luc a few weeks ago as well... they have the resources, now it's just a matter of finding time to implement. Nxt keeps taking another step.

Let me make a suggestion to keep this ball rolling.  We should ask the Cryptsy folks to document what was required to get NXT plugged into their system.  Then we should turn right around to allwelder or some of the other Chinese NXT members and see that this info from Cryptsy gets communicated to BTX38.com in China.  We need to be on both of these exchanges as soon as possible.  It is the only way we are going to get exposure to a new pool of capital to buy NXT and get our exchange volume back up.  

during last voting(not for trading,just for adding to their database and mainpage),Nxt was ranked  back.victor is PRT.
http://www.coin38.org/forum.php?mod=viewthread&tid=1672

BTC38 choose coins from their database to put it into trading system.
So we need first to let Nxt be added into their database.

I have contact with them,there will be another vote recently.

So now,we  first need to register on www.coin38.org,fill personal profile,prepare for the next voting for adding Nxt to their database.
Come on,Nexters.

[chanc3r]

NXTio forging every day lately.

Actual Blocks Status...
* Block: 3448657319332696167 (Amount: 1.00 NXT) - Transaction: 9970323445323036321 - Confirms: 14
* Block: 13030695318873148005 (Amount: 1.00 NXT) - Transaction: 10989271715894296795 - Confirms: 1350
* Block: 3940469777859251750 (Amount: 1.00 NXT) - Transaction: 9069472074360739900 - Confirms: 1530 [CONFIRMED]

And its appearing in my NXTio summary

[ZeroTheGreat]

Yeah...auto-update: everyone gets the same bug at the same time.

Auto-updates - software's pure evil. Decreasing natural protection from social engineering attacks to 0 and decreasing natural protection from "fool developer" to 0. Software installation'd be completely under user's control. Even optional auto-updating is bad, cos majority'll flow to easy way, fatal risks to decentralized systems.

which is why I always thought by the mindset of its best to be on the latest NRS.

If there's critical update of protocol, good dev's giving time to to think/multicheck (for anyone and for himself) everything and always says about it. So does Jean-Luc.

[moonriver]

Just talked to bittrex, they have only 86 signups from nxt at the moment..

You should all go and sign up.

Go to https://bittrex.com/Account/Register and use SUPPORT_NXT as the invite code. This gets you past the invite code queue. Place some trades, enabled 2FA, or try any of our other features to help us stress the site before the final launch. If you find a bug, we're handing out bug bounties as well. Having a great exchange helps us but also helps the NXT community.

Done. Testing trading some DOGE until they add NXT.  

done. got two accounts.

[allwelder]

i work on a bigger project for the english an german community.. if someone can support it with a donation... please pm me..
i will show u on what iam working


casx

good,after completed,I will add it on www.nxt123.info

[ZeroTheGreat]

1984, guys. Future, we shall never see!

[opticalcarrier]

1984, guys. Future, we shall never see!

Im kind of expecting to hear from bcnext on this page

[opticalcarrier]

@opticalcarrier: how do you feel about setting up an exchange implementation group, as outlined below?
Might be bounty in it for ya......

I vote that we don't.
We have talented guys in NXT that have been helping with exchange implementation (opticalcarrier springs to mind, + others).
If we spent the 100 kNXT bounty on financing these guys to set up an exchange implementation workgroup and get them to fully document their procedures, we can get a package together that will allow all exchanges to implement NXT without the technical problems that so many seem to be having.

Helping, documenting, spreading the implementation info and providing support will pay off way better in the long run than simple bribery.
Again, if providing tech help doesn't cut it, then we can try bribery.

Don't forget, we just blew something like 2-3 BTC on MintPal and they then turned around and said: "Sorry , we don't understand NXT, how about some nice TeslaCoin instead? "

I say we offer them 20k Nxt for testing purposes along with the help of our devs.  You could even tell Cryptsy that BTC38 and BTC-e are adding Nxt and vice versa.  Tell them it was an easy implementation with the help of our devs.

Sure but i have no idea about running an exchange.

I can prob write some stuff up on wiki on which apis to use, and examples of howto use them,  and tailor it to the interactions ive had with some of the exchanges ive already worked with

[xyzzyx]

I don't believe you: drop the price of NXT.  Do it.  I'll gobble that up like there's no tomorrow.

And if it turns out that you are sitting on those accounts: you forget that your wealth is just encoded in software, it's not magic, and the rules can be changed.

I don't believe Emule is an original stakeholder, but regardless, you can't support wealth confiscation / re-distribution.  This will destroy the Nxt community.

No one knows who controls those accounts.  The more people that criticize those stakeholders the less likely they are to want to participate because they will feel like they aren't part of the community.  Don't forget that by not selling they are protecting the network from a 90% financial attack.  Also, those big holders will be the ones that support Nxt into the coming years.  They will have the financial resources to do so.

Don't mind me.  I'm just baiting him.  

BTW, I'm certain he's not a stake-holder:

[joefox]

This particular page in the thread is doubleplusgood. And we reached it BEFORE a cold, bright day in April.

[dave5555]

I would like to remind you all that PeerExplorer.com runs a great program to award nodes and makes it an incentive to run public nodes.

The system will soon run low on caches (accounts with NXT in them) to award nodes with.

If a big stakeholder is out there reading this, a donation to the person running Peer Explorer would be great so he can add to the cache system of rewards.

[Voluntold]

My birthyear page