NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

Is there a guide/thread on how to register alias?  Sounds like a great feature.

I'll publish it later.

[1714478293]

1714478293

[1714478293]

1714478293

[Come-from-Beyond]

Yes, Alias System is planned to be used to send coins to named accounts.

and messages too?

Anything.

[PeercoinEnthusiast]

1. I purchase candy and link it to mysite.example.com
2. Jill wants to purchase candy from me
3. There is no transfer/sell option. 'candy' is always linked to the same acct number.

Is that correct? I'd love to option to be able to sell these. Also, with NXT amount so low, doesn't that just encourage someone with a crapload of coins to drop 10k on names?

Correct, u have NO option to sell these except by selling ur secret phrase.

Anyone can squat as many names as they wish. NRS picks high-fee transactions in the 1st place.

From a marketing standpoint, this feature alone could be a big deal. Once it's announced, it'll bring in a lot of fresh faces that want a chance at an alias.

4. Is the NO sell option a technical hurdle or a design decision? I understand the ability to sell the passphrase, however, there would be nothing stopping the seller from jumping back in at anytime and redirecting the alias to another site.

This could create an entirely new ecosystem within the currency itself. If I was JoeBobsBaitNTackle.com, I'd love to be able to purchase this alias if it's already taken up. The fear is someone just hoards the good names and it loses it's effectiveness.

If it's not a consideration, I understand. I just wanted to lay out a few thoughts.


5. Will there be some type of plugins for FireFox or IE to utilize the nxt alias:

Example: Candy links to www.myfavoritecandy.com

If not, will there be a custom browser that allows it?


Thank you kindly.

[msin]

Yes, Alias System is planned to be used to send coins to named accounts.

and messages too?

Anything.

Oh goodie!

[Come-from-Beyond]

4. Is the NO sell option a technical hurdle or a design decision? I understand the ability to sell the passphrase, however, there would be nothing stopping the seller from jumping back in at anytime and redirecting the alias to another site.

This could create an entirely new ecosystem within the currency itself. If I was JoeBobsBaitNTackle.com, I'd love to be able to purchase this alias if it's already taken up. The fear is someone just hoards the good names and it loses it's effectiveness.

If it's not a consideration, I understand. I just wanted to lay out a few thoughts.


5. Will there be some type of plugins for FireFox or IE to utilize the nxt alias:

Example: Candy links to www.myfavoritecandy.com

If not, will there be a custom browser that allows it?

4. It's by design to counteract cybersquatting.
5. All existing browsers will be supported via JavaScript code, but u can't do "type and go" without a plugin. Someone should create such plugins.

[PeercoinEnthusiast]

4. Is the NO sell option a technical hurdle or a design decision? I understand the ability to sell the passphrase, however, there would be nothing stopping the seller from jumping back in at anytime and redirecting the alias to another site.

This could create an entirely new ecosystem within the currency itself. If I was JoeBobsBaitNTackle.com, I'd love to be able to purchase this alias if it's already taken up. The fear is someone just hoards the good names and it loses it's effectiveness.

If it's not a consideration, I understand. I just wanted to lay out a few thoughts.


5. Will there be some type of plugins for FireFox or IE to utilize the nxt alias:

Example: Candy links to www.myfavoritecandy.com

If not, will there be a custom browser that allows it?

4. It's by design to counteract cybersquatting.
5. All existing browsers will be supported via JavaScript code, but u can't do "type and go" without a plugin. Someone should create such plugins.

I understand and support mechanisms to stop cyber squatting. With that being said, I hope you consider other alternatives down the road to expand the system. While cybersquatting is an annoyance, giving people the ability to participate in free market exchange of registered names might also be an important factor for adoption.

Nothing prevents someone from coming in, registering all the nicks in this thread and basically shutting out options for other users. With the ability to sell names, at least the market can determine a fair price. As a truly decentralized currency, I would think the free market would outweigh the cybersquatting issues. Just my 2 cents.

Thank you for the reply, look forward to using this feature in the future.

[shinep]

How does it allocate the alias names?
First come first serve or some algorithm based?

[landomata]

4. Is the NO sell option a technical hurdle or a design decision? I understand the ability to sell the passphrase, however, there would be nothing stopping the seller from jumping back in at anytime and redirecting the alias to another site.

This could create an entirely new ecosystem within the currency itself. If I was JoeBobsBaitNTackle.com, I'd love to be able to purchase this alias if it's already taken up. The fear is someone just hoards the good names and it loses it's effectiveness.

If it's not a consideration, I understand. I just wanted to lay out a few thoughts.


5. Will there be some type of plugins for FireFox or IE to utilize the nxt alias:

Example: Candy links to www.myfavoritecandy.com

If not, will there be a custom browser that allows it?

4. It's by design to counteract cybersquatting.
5. All existing browsers will be supported via JavaScript code, but u can't do "type and go" without a plugin. Someone should create such plugins.

I understand and support mechanisms to stop cyber squatting. With that being said, I hope you consider other alternatives down the road to expand the system. While cybersquatting is an annoyance, giving people the ability to participate in free market exchange of registered names might also be an important factor for adoption.

Nothing prevents someone from coming in, registering all the nicks in this thread and basically shutting out options for other users. With the ability to sell names, at least the market can determine a fair price. As a truly decentralized currency, I would think the free market would outweigh the cybersquatting issues. Just my 2 cents.

Thank you for the reply, look forward to using this feature in the future.

I agree with the above....the more demand for an alias the more its value will increase so a decentralized market work very easily.

It would give another a reason for companies and individuals to use Nxt as a marketing tool thereby increasing real world usage.

If someone blocks a companies name then they would no recourse.

[Come-from-Beyond]

How does it allocate the alias names?
First come first serve or some algorithm based?

1st confirmed - 1st served.

[Come-from-Beyond]

I agree with the above....the more demand for an alias the more its value will increase so a decentralized market work very easily.

It would give another a reason for companies and individuals to use Nxt as a marketing tool thereby increasing real world usage.

If someone blocks a companies name then they would no recourse.

I agree as well. Nothing stops us from adding a special type of a transaction that transfers ownership of an alias to other account. And this can be done via Decentralized Auction embedded into Nxt (oops, future plans leaked ).

[shinep]

One more query.

You said, you could send anything, including messages.
Where would this messages be stored?
If its distributed, how long would it be stored for?
Would it slow down the transactions, if the network gets bloated with huge messages.

Thanks for the answers.

[Come-from-Beyond]

One more query.

You said, you could send anything, including messages.
Where would this messages be stored?
If its distributed, how long would it be stored for?
Would it slow down the transactions, if the network gets bloated with huge messages.

Thanks for the answers.

Messages will be stored in the blockchain. Unlike aliases they will be shrunk during annual shrinking.

Later an anti-spam feature will be added. It will be based on destruction of coins (but we have to add satoshis for that).

[pinarello]

There seems to be a problem with software not running over https port 7875. Upon trying to login it just won't load, although when i try to login on the non secure port 7874 it works fine. There are no errors in console.

I've now tryed it on my local machine and I'm having the same problem, can't login with on 7875 but 7874 works fine.

dont use localhost but use

https://127.0.0.1:7875

Pin

[DiCE1904]

I agree with the above....the more demand for an alias the more its value will increase so a decentralized market work very easily.

It would give another a reason for companies and individuals to use Nxt as a marketing tool thereby increasing real world usage.

If someone blocks a companies name then they would no recourse.

I agree as well. Nothing stops us from adding a special type of a transaction that transfers ownership of an alias to other account. And this can be done via Decentralized Auction embedded into Nxt (oops, future plans leaked ).

I love future plans being leaked 

[landomata]

One more query.

You said, you could send anything, including messages.
Where would this messages be stored?
If its distributed, how long would it be stored for?
Would it slow down the transactions, if the network gets bloated with huge messages.

Thanks for the answers.

Messages will be stored in the blockchain. Unlike aliases they will be shrunk during annual shrinking.

Later an anti-spam feature will be added. It will be based on destruction of coins (but we have to add satoshis for that).

You mean BCs

[shinep]

One more query.

You said, you could send anything, including messages.
Where would this messages be stored?
If its distributed, how long would it be stored for?
Would it slow down the transactions, if the network gets bloated with huge messages.

Thanks for the answers.

Messages will be stored in the blockchain. Unlike aliases they will be shrunk during annual shrinking.

Later an anti-spam feature will be added. It will be based on destruction of coins (but we have to add satoshis for that).

You mean BCs

Would this be a limitation for the machines running as miners/forgers as they need to have huge disk spaces for storing all these data for validating the BC.

[landomata]

One more query.

You said, you could send anything, including messages.
Where would this messages be stored?
If its distributed, how long would it be stored for?
Would it slow down the transactions, if the network gets bloated with huge messages.

Thanks for the answers.

Messages will be stored in the blockchain. Unlike aliases they will be shrunk during annual shrinking.

Later an anti-spam feature will be added. It will be based on destruction of coins (but we have to add satoshis for that).

You mean BCs

Would this be a limitation for the machines running as miners/forgers as they need to have huge disk spaces for storing all these data for validating the BC.

BC is a potential name for a divisible NXT.....like Satoshis are for Bitcoin

[Come-from-Beyond]

You mean BCs

[Come-from-Beyond]

Don't forget that blocks r limited to 32 KiB. If people want faster confirmations they have to pay higher fees...

[shinep]

One more query.

You said, you could send anything, including messages.
Where would this messages be stored?
If its distributed, how long would it be stored for?
Would it slow down the transactions, if the network gets bloated with huge messages.

Thanks for the answers.

Messages will be stored in the blockchain. Unlike aliases they will be shrunk during annual shrinking.

Later an anti-spam feature will be added. It will be based on destruction of coins (but we have to add satoshis for that).

You mean BCs

Would this be a limitation for the machines running as miners/forgers as they need to have huge disk spaces for storing all these data for validating the BC.

BC is a potential name for a divisible NXT.....like Satoshis are for Bitcoin

I thought BC meant block chains.
I still dont get it though how to store messages in BCs?

So are there plans to have micro NXTs as well?