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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756461 times)
msin
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March 01, 2014, 10:21:20 PM
 #39381

Plan for automated multisig gateway


Some of you have expressed concerns about NXT clones. The automated gateway builds on top of NXT, so we can get a significant advantage by keeping it proprietary for a little while. Say, three months before open sourcing.

It is of strategic importance for NXT to have gateways to all the popular cryptos out there. I will also be adding NXTcash support to the gateway and we dont have to wait for external releases. As soon as it tests out, we can go live.

There have been some suggestions that I make a business out of the gateways, but I see much more value being created by making it the NXT community's gateway. To that end, I will be authorizing NXTcommunityfunds to ensure that we can all benefit from a non-profit gateway for all the popular cryptos into NXT AE.

I need three independent and trustworthy server operators to install and run the gateway. You will have to promise not to release source code until approved to do so. The biggest task will probably be installing a couple dozen bitcoind forks.

I need web html person to make web interface for gateway. There is no need for people to have to compile a program just to get deposit address or change withdrawal address. Everyone is used to doing that from webpage. It does have to do local signing as we have to send AM to make gateway requests.

I also need somebody to write code for the equivalent of blockchain explorer, basically gateway transaction explorer. Correlating transactions, tracking balances, etc. [I could do this, but it is better if there are more people familiar with what the gateway is doing with AM]

I also would like to have somebody refactor the code. It is ~2500 lines of C code that uses no libraries other than curl. Everything else is custom code, it was just faster for me to write it from scratch than mess around with unfamiliar libraries.  I am sure my code can be improved.

Probably the most important, I need to hire Evil Bob. At least somebody who will do all sorts of Evil Bobness to the gateway.

After we are done with this project, NXT AE will have direct links to dozens of crypto wallets. All these cryptos will trade against NXT, making NXT the standard that the other coins are valued. We need to make sure the gateway code is secure before putting it into production. I will be setting aside 100000 NXT for a NDIC (nxt deposit insurance) fund, 10000 NXT per person and 100K max, for any gateway caused losses.

Please help us put some distance between us and the clones! Volunteers are most welcomed, but if you need some NXT to motivate you to participate, PM me and I will see what I can work out.

James


Bump for importance, if anyone can help with this, please contact James.
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bitcoinpaul
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March 01, 2014, 10:29:16 PM
 #39382

Once again, someone needs to clarify some things for me. Please correct the following process, it could be total bullshit:

1. James uses AE + AM and three servers to make a gateway for external coins
2. Sending DOGE to the gateway triggers an automated process to send DOGE assets from the Nxt accounts of the servers to the sender's Nxt account
3. Sending DOGE assets back to the gateway triggers the servers to send DOGE coins back to a DOGE address
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March 01, 2014, 10:44:21 PM
 #39383

Omg

chanc3r
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March 01, 2014, 10:45:47 PM
 #39384

Omg

Sick - hope there is a moderator on who can delete it - i already reported it
and block that sicko from posting again
if you click on 'ignore' it will disappear from your feed

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USDQ KRWQ CNYQ JPYQ

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wakasaki808
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March 01, 2014, 10:47:00 PM
 #39385

Everyone just report the guy. Then just ignore him so don't need to see the image any more...
Damelon
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March 01, 2014, 10:49:26 PM
 #39386

Omg

Is NOT going in the summaries!

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
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msin
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March 01, 2014, 10:51:59 PM
 #39387

I made an easy page for hopefully most of the BCT threads: http://www.nxtcoins.nl/bitcointalk-threads/

There is more than enough activity outside of this thread, contrary what people may think.

Chances are I've missed some. If people who are involved in these could send me a PM, I'll add them. Smiley

Also:

I have made the current source code repository public:

https://bitbucket.org/JeanLucPicard/nxt/

Master branch is still 0.7.6, develop is 0.8.3 plus latest unreleased changes.


Awesome Smiley

My new homepage, thanks for doing that.
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March 01, 2014, 10:52:57 PM
 #39388

Is NOT going in the summaries!

Yeah, that would suck.


Sry.
chanc3r
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March 01, 2014, 10:53:25 PM
 #39389

Is NOT going in the summaries!

Yeah, that would suck.
Sry.

Ewwwwww  Can we change the subject.....

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USDQ KRWQ CNYQ JPYQ

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Damelon
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March 01, 2014, 10:53:58 PM
 #39390

Is NOT going in the summaries!

Yeah, that would suck.


Sry.

Made me laugh, it's ok  Cheesy

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bitcoinpaul
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March 01, 2014, 10:54:45 PM
 #39391

Back to topic.

Once again, someone needs to clarify some things for me. Please correct the following process, it could be total bullshit:

1. James uses AE + AM and three servers to make a gateway for external coins
2. Sending DOGE to the gateway triggers an automated process to send DOGE assets from the Nxt accounts of the servers to the sender's Nxt account
3. Sending DOGE assets back to the gateway triggers the servers to send DOGE coins back to a DOGE address
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March 01, 2014, 11:00:26 PM
 #39392

Yes, BTT. Can someone explain what exactly happens, when a transaction is "cancelled", because when sending the NXT I was on a fork? Is it like the transaction never happend? So, I can use 0.7.6 now and do the transactions again without hesitation?
ChuckOne
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March 01, 2014, 11:05:15 PM
 #39393

Yes, BTT. Can someone explain what exactly happens, when a transaction is "cancelled", because when sending the NXT I was on a fork? Is it like the transaction never happend? So, I can use 0.7.6 now and do the transactions again without hesitation?

Try out 0.8.3 an re-download the blockchain from scratch.

Check that you have that block: 7573868954311477975
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March 01, 2014, 11:15:23 PM
 #39394

Everyone just report the guy. Then just ignore him so don't need to see the image any more...

First time I tried 'Ignore'. It works Smiley
That guy had posted his personal hobbies to several crypto coin pages. Possibly he has some pain ... hate against other coins.


NXT, NEM.   NCMXTP-5JWUF3-QYHADC-YWELC5-QPUWF3-EAVFQM-MU7R
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March 01, 2014, 11:16:28 PM
 #39395

Everyone just report the guy. Then just ignore him so don't need to see the image any more...

First time I tried 'Ignore'. It works Smiley
That guy had posted his personal hobbies to several crypto coin pages. Possibly he has some pain ... hate against other coins.



Same here. First ignore on this forum.
This truly is a memorable day!

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March 01, 2014, 11:21:02 PM
 #39396

Everyone just report the guy. Then just ignore him so don't need to see the image any more...

First time I tried 'Ignore'. It works Smiley
That guy had posted his personal hobbies to several crypto coin pages. Possibly he has some pain ... hate against other coins.


Same here. First ignore on this forum.
This truly is a memorable day!

I've emailed the owners of the site he's linking the image from.
I hope they catch him and I hope its somewhere where its illegal...

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March 01, 2014, 11:22:03 PM
 #39397

Hi guys Smiley

Congratulations with NXT! Really great job of you all!

I made a video why I invested half my bitcoins into NXT. Hope u like it.

http://youtube.com/watch?v=ruYAxKeWxnM


(I'm an early investor in Bitcoin, see all my video's here: http://www.youtube.com/user/Marcdemesel/videos?shelf_id=1&view=0&sort=dd)

Early Bitcoin, Byteball & Bitcoin Cash Investor. Loving Voluntarysm, Lambos & Girls Wink
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March 01, 2014, 11:32:39 PM
 #39398

Hi guys Smiley

Congratulations with NXT! Really great job of you all!

I made a video why I invested half my bitcoins into NXT. Hope u like it.

http://youtube.com/watch?v=ruYAxKeWxnM


(I'm an early investor in Bitcoin, see all my video's here: http://www.youtube.com/user/Marcdemesel/videos?shelf_id=1&view=0&sort=dd)

Welcome to the thread Smiley

Nice to see new people coming in and taking the time to introduce themselves.

Looking at the video now. Smiley


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March 01, 2014, 11:36:32 PM
 #39399

Hi guys Smiley

Congratulations with NXT! Really great job of you all!

I made a video why I invested half my bitcoins into NXT. Hope u like it.

http://youtube.com/watch?v=ruYAxKeWxnM


(I'm an early investor in Bitcoin, see all my video's here: http://www.youtube.com/user/Marcdemesel/videos?shelf_id=1&view=0&sort=dd)

Nice vid,9 minutes watched and enjoying it.

In the description text you mention,nxt could be attacked by buying 51% of the coins.If Transparent forging runs as expected,you wouldn't manipulate the blockchain even owning 90% of the coins  Grin
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March 01, 2014, 11:37:16 PM
 #39400

Yes, BTT. Can someone explain what exactly happens, when a transaction is "cancelled", because when sending the NXT I was on a fork? Is it like the transaction never happend? So, I can use 0.7.6 now and do the transactions again without hesitation?

Try out 0.8.3 an re-download the blockchain from scratch.

Check that you have that block: 7573868954311477975

I am on 0.7.6 now (started from scratch) and yes, I see the block. I made a new transaction 30 minutes ago but it still has 0 confirmations. Current block is: 11581245883045947843 - I already restarted the browser but still 0 confirmations. DEBUG says: "Accepted new transaction 15118414472819469314" - but that's already 40 minutes ago.
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