NXT :: descendant of Bitcoin - Updated Information

[pinarello]

we have NXT/LTC pair on cryptsy NICE to have when you mining LTC

https://www.cryptsy.com/markets/view/162

[salsacz]

what i dont get is how all these smart people that work on other "second gen cryptos" dont look into nxt, see that it is far superior to the ones they are working on and move to nxt? why back any other horse when theres one clear winner in the long run? it makes no sense! you dont even need to be a programmer to see that nxt is going to far out do all the other 2nd gen coins! i could understand joe soaps backing the wrong one due to lack of research or other coins having better marketing but real crypto nerds have no excuse! i dont get it :L

it is simple. BCNext gave us only a source code. We needed to build websites, create wiki, build whitepaper. Then we started to write articles because only with some proof you can show how cool Nxt is. Now we finally finished some cool papers so we can deliver them to the developers and university guys to look at them and join us. After weeks of asking we finally have also a letter for university guys, so I can send it to them without grammar errors. Then devs can come here, build their apps on top of the Nxt network and then we can start to focus on mainstream etc. But right now we need to get attention of the devs, that's why we go to the conferences and publish scientific papers. Like these:

Nxt Network: Energy and Cost Efficiency Analysis
by: hughmanwho et Secondleo
https://docs.google.com/document/d/1J8uhdshu9epGRrQHBaloGc4itdvuAHZDAUtNDjOhz-8/edit

Decentralized internet and Nxt solutions
By: salsacz
http://justpaste.it/decentralized-internet


We also had to fight with the myths about Nxt, that's why was created the NxtMyths project so now we can simply link to the paper/chapter or distribution infographic:
NxtMyths: https://docs.google.com/file/d/0BwAGADgnQcrtM3g1cU1VSHZtTGM/edit?usp=sharing

There were some discussions about visions few pages back. This is a vision, this is a plan. Simple. But working. With 2 simple tweets I got 25 views from AndreasMAntonopoulos's and 25 from Wikileaks followers. But I needed to create this text http://justpaste.it/decentralized-internet for them first. And soon there will be a video

Maybe some 12 years old investor like Emule can invest into a currency without whitepapers/scientific/review texts, but serious investors need to know what Nxt is about. So you need to provide serious articles about Nxt first.

[Meizirkki]

I can no longer use the nxtra.org/nxt-client

It doesn't accept any kind of password I provide.

Whenever I try to log in or create an account I get an empty pop-up with an OK button.

[pinarello]

I can no longer use the nxtra.org/nxt-client

It doesn't accept any kind of password I provide.

Whenever I try to log in or create an account I get an empty pop-up with an OK button.

same here cant login.

[stan26]

Is it pronounced "next" or "N-X-T"?

[wakasaki808]

Is it pronounced "next" or "N-X-T"?

"Next" but the name of the currency is NXT

[pinarello]

we have NXT/LTC pair on cryptsy NICE to have when you mining LTC

https://www.cryptsy.com/markets/view/162

Who here is in contact with cryptsy? Is someone helping provide them with proper description and info on their coin page? It is currently shamefully inaccurate and seems like zero effort was given. https://www.cryptsy.com/currencies/view/118

1000 Nxt to whoever gets this done with nice accurate, well presented info. That includes the current logo.

have mailed to big john.

[antanst]

Nxt Network: Energy and Cost Efficiency Analysis
by: hughmanwho et Secondleo
https://docs.google.com/document/d/1J8uhdshu9epGRrQHBaloGc4itdvuAHZDAUtNDjOhz-8/edit

Please don't show this "paper" to others. People will laugh and this will ultimately hurt us.

[Damelon]

Before I log off for the night, I want to ask people again to (even partially) fill in this questionnaire: https://bitcointalk.org/index.php?topic=412243.msg5487600#msg5487600

The info you provide is important, because it will allow us to make a more coherent effort. I would like for as many people to be involved, not just "marketing".

Thank you for the time!

[VanBreuk]

Nxt Network: Energy and Cost Efficiency Analysis
by: hughmanwho et Secondleo
https://docs.google.com/document/d/1J8uhdshu9epGRrQHBaloGc4itdvuAHZDAUtNDjOhz-8/edit

Please don't show this "paper" to others. People will laugh and this will ultimately hurt us.

Do you mean it requires a re-write in a more classic peer-reviewed style, or there's something terribly wrong in the contents?

[Anon136]

Nxt Network: Energy and Cost Efficiency Analysis
by: hughmanwho et Secondleo
https://docs.google.com/document/d/1J8uhdshu9epGRrQHBaloGc4itdvuAHZDAUtNDjOhz-8/edit

Please don't show this "paper" to others. People will laugh and this will ultimately hurt us.

Do you mean it requires a re-write in a more classic peer-reviewed style, or there's something terribly wrong in the contents?

+1

yes please be more specific

[Pouncer]

With 0.8.4e, to switch to testnet you need to set in nxt.properties:

nxt.isTestnet=true
nxt.testnetPeers=bug.airdns.org

This is the test blockchain as obtained from holms. Those who have test Nxt, should be able to access them. Please start forging, as the blockchain is days behind.

You also need to use your own 0.8.4e node for API and UI access - bug.airdns.org only accepts peer to peer requests, don't try to unlock accounts there or use http API against it.

Thanks JL.

Can someone pls send some testNXT to 858492554429534417? Original balance has disappeared. Thx.

[Jerical13]

What would differentiate a "Class A" asset from a "Class B" asset?

perhaps we could limit Class B Asset to not being able to have as many units/shares.

I see.

Although I like the idea, let us clarify what our goal is with this.

It's an interesting idea.

I think we should all remember BCNext's vision for NXT and his thoughts regarding fees.  I agree with BCNext wanting NXT fees to be low.  Imo, 1000 NXT for asset name registration is too high.  I think you should be able to register an asset name for 1 NXT.  By setting NXT fees high, we are excluding people from NXT because they cannot afford the registration price.  NXT should be for everyone.

you have to remember that what we are talking about here is self issued credit. i think its fair to expect that people who are issuing their own credit have SOME assets in reserve, leverage is good and useful but i don't think we want people leveraged at 0 percent.

I don't understand why not? Credit can't truly be self issued anyway. anyone can say "trust me, I am good for it" the credit is issued when someone else says, "OK, I trust you." at that point the fee is just inhibiting private business, which I am whole heartedly against. I can sort of understand the spam argument as a reason for a higher issuing price, as this potential for spam would have a universal effect on the whole community, But I highly disagree with using it as a means of policing private business, and that includes the name squatting arguments, the scam arguments. I could agree with raising trans fees for the AE, but I am with 2kewl on this. How are you going to charge NXT users more than people who are importing assets through gateways?

By charging such a fee anyone trying to sell anything on the market starts in the whole that much.Today About $50 bucks. So If you have something worth $100 it is not worth trying to sell. Really you would have to sell $1000 dollars worth of stuff to get the fee down to 5%. 5% is to high. Lower issue fees give more people more opportunity.

Think of the applicable uses this would eliminate. For example, If I were to want to sell a comic book collection by individual books, I would have to put a 1000 NXT mark up on every book. Any low cost per asset and high asset volume business would have no place on the AE.

Higher fees limit the versatility of the AE in the ways people can use it, restricts the number of users, and restricts the demographics of people who can use it. There are so many creative ways to use this feature if it is not restricted by high cost.

ok so perhaps self monetized credit is a better way of saying it.

i mean how many of this one type of comic book would you have? you dont need to build a market for 1 or 2 items only. you just sell the one or two items on something like ebay. you only need a market in a product that you either produce or have a lot of.

also this helps to protect against domain squatting. thats a really big deal since the person who acquires a domain is the monopoly provider meaning he has the leverage to charge outrageous prices as soon as he knows that someone wants it. if we didnt put a price on it than people would go crazy and reserve every domain imaginable and anyone who wanted to issue an asset would have to pay CRAZY prices. The net effect of making asset registration cheap would be that getting the asset you wanted would be orders of magnitude more expensive than if there was simply a cost for registering to begin with.

*edit* incidentally i really like the idea of having tiers of asset classes. that gives us the best of both worlds.

I mean absolutely no disrespect, or wish not to come across as attacking you personally, and intend nothing that implies any question of your character Anon136. To the contrary I owe you a debt of gratitude as far as what you have done to offer help and info to me in regards to this topic. But for the sake of being brief and out of respect for the users of this thread, I will be blunt. When it comes to this topic you are wrong.

I would like to suggest that this topic and any conversation or debate regarding it be moved to a topic specific forum or thread. This and other basic fundamental policies and applications regarding the AE should really be afforded discussion at length. Out of respect for the common usage of this thread, and due to the fact that this topic cannot be truly debated with the attention it deserves without writing pages and pages, we should continue this discussion in a more topic dedicated place. It seems as though you and others have thoughts about this that can't be expressed in a relatively brief manor, and I know I do. This topic deserves and needs to be discussed at length. Could you set us up a place to talk more about it with out disturbing the common usage of this thread, or suggest a place if one already exists?

[GCInc.]

DGEX newsletter announces three developments:

1. DGEX fees back to 0% for NXT withdrawals, 0.15% for trades
2. DGEX Initial Public Virtual Offering still available
3. Offspring NXT client updated http://offspring.dgex.com

https://nextcoin.org/index.php/topic,4285.0.html

[rriky92]

DGEX newsletter announces three developments:

1. DGEX fees back to 0% for NXT withdrawals, 0.15% for trades
2. DGEX Initial Public Virtual Offering still available
3. Offspring NXT client updated http://offspring.dgex.com

https://nextcoin.org/index.php/topic,4285.0.html

https://bitbucket.org/incentivetoken/offspring-public/downloads

No files to download


it says 4 Mar, maybe you have different time zone so i need to wait tomorrow

[TwinWinNerD]

DGEX newsletter announces three developments:

1. DGEX fees back to 0% for NXT withdrawals, 0.15% for trades
2. DGEX Initial Public Virtual Offering still available
3. Offspring NXT client updated http://offspring.dgex.com

https://nextcoin.org/index.php/topic,4285.0.html

Wow, 1 day after i made a 35.000 NXT withdrawal... great timing i have there.

[Anon136]

What would differentiate a "Class A" asset from a "Class B" asset?

perhaps we could limit Class B Asset to not being able to have as many units/shares.

I see.

Although I like the idea, let us clarify what our goal is with this.

It's an interesting idea.

I think we should all remember BCNext's vision for NXT and his thoughts regarding fees.  I agree with BCNext wanting NXT fees to be low.  Imo, 1000 NXT for asset name registration is too high.  I think you should be able to register an asset name for 1 NXT.  By setting NXT fees high, we are excluding people from NXT because they cannot afford the registration price.  NXT should be for everyone.

you have to remember that what we are talking about here is self issued credit. i think its fair to expect that people who are issuing their own credit have SOME assets in reserve, leverage is good and useful but i don't think we want people leveraged at 0 percent.

I don't understand why not? Credit can't truly be self issued anyway. anyone can say "trust me, I am good for it" the credit is issued when someone else says, "OK, I trust you." at that point the fee is just inhibiting private business, which I am whole heartedly against. I can sort of understand the spam argument as a reason for a higher issuing price, as this potential for spam would have a universal effect on the whole community, But I highly disagree with using it as a means of policing private business, and that includes the name squatting arguments, the scam arguments. I could agree with raising trans fees for the AE, but I am with 2kewl on this. How are you going to charge NXT users more than people who are importing assets through gateways?

By charging such a fee anyone trying to sell anything on the market starts in the whole that much.Today About $50 bucks. So If you have something worth $100 it is not worth trying to sell. Really you would have to sell $1000 dollars worth of stuff to get the fee down to 5%. 5% is to high. Lower issue fees give more people more opportunity.

Think of the applicable uses this would eliminate. For example, If I were to want to sell a comic book collection by individual books, I would have to put a 1000 NXT mark up on every book. Any low cost per asset and high asset volume business would have no place on the AE.

Higher fees limit the versatility of the AE in the ways people can use it, restricts the number of users, and restricts the demographics of people who can use it. There are so many creative ways to use this feature if it is not restricted by high cost.

ok so perhaps self monetized credit is a better way of saying it.

i mean how many of this one type of comic book would you have? you dont need to build a market for 1 or 2 items only. you just sell the one or two items on something like ebay. you only need a market in a product that you either produce or have a lot of.

also this helps to protect against domain squatting. thats a really big deal since the person who acquires a domain is the monopoly provider meaning he has the leverage to charge outrageous prices as soon as he knows that someone wants it. if we didnt put a price on it than people would go crazy and reserve every domain imaginable and anyone who wanted to issue an asset would have to pay CRAZY prices. The net effect of making asset registration cheap would be that getting the asset you wanted would be orders of magnitude more expensive than if there was simply a cost for registering to begin with.

*edit* incidentally i really like the idea of having tiers of asset classes. that gives us the best of both worlds.

I mean absolutely no disrespect, or wish not to come across as attacking you personally, and intend nothing that implies any question of your character Anon136. To the contrary I owe you a debt of gratitude as far as what you have done to offer help and info to me in regards to this topic. But for the sake of being brief and out of respect for the users of this thread, I will be blunt. When it comes to this topic you are wrong.

I would like to suggest that this topic and any conversation or debate regarding it be moved to a topic specific forum or thread. This and other basic fundamental policies and applications regarding the AE should really be afforded discussion at length. Out of respect for the common usage of this thread, and due to the fact that this topic cannot be truly debated with the attention it deserves without writing pages and pages, we should continue this discussion in a more topic dedicated place. It seems as though you and others have thoughts about this that can't be expressed in a relatively brief manor, and I know I do. This topic deserves and needs to be discussed at length. Could you set us up a place to talk more about it with out disturbing the common usage of this thread, or suggest a place if one already exists?

I think my argument is pretty much entirely laid out in that previous paragraph, valid and bulletproof. however with that said, even though my argument is strong and valid, there could be advantages that i haven't considered which outweigh the mentioned disadvantages of free asset registration, or there could be other disadvantages which outweigh the mentioned advantages to a price on asset registration.

In the extremely unlikely event that my argument is flat out wrong or in the more likely event that it is correct but overlooking other advantages and disadvantages that outweigh those described in my previous post, i would very much like to hear about it. I created a thread specifically for discussion related to the asset exchange, tell me about it over there. https://bitcointalk.org/index.php?topic=460343

Also remember that i am in favor of tiers of asset classes. This would allow for the market to naturally determine what the right tradeoff is. I would even be in favor of having a tier for (basically) free registration (atleast the cost of a regular transaction to prevent completely senseless spamming) just in case i happened to be wrong.

[NxtMinnow]

we have NXT/LTC pair on cryptsy NICE to have when you mining LTC

https://www.cryptsy.com/markets/view/162

Who here is in contact with cryptsy? Is someone helping provide them with proper description and info on their coin page? It is currently shamefully inaccurate and seems like zero effort was given. https://www.cryptsy.com/currencies/view/118

1000 Nxt to whoever gets this done with nice accurate, well presented info. That includes the current logo.

Hi Nxt community,

Here is updated info for Cryptsy  in .doc

https://drive.google.com/file/d/0B_Hq3nkw2xHZanlfOXliUW1YVFE/edit?usp=sharing

NxtMinnow

[DrearyUrbanite]

we have NXT/LTC pair on cryptsy NICE to have when you mining LTC

https://www.cryptsy.com/markets/view/162

Who here is in contact with cryptsy? Is someone helping provide them with proper description and info on their coin page? It is currently shamefully inaccurate and seems like zero effort was given. https://www.cryptsy.com/currencies/view/118

1000 Nxt to whoever gets this done with nice accurate, well presented info. That includes the current logo.

Hi Nxt community,

Here is updated info for Cryptsy  in .doc

https://drive.google.com/file/d/0B_Hq3nkw2xHZanlfOXliUW1YVFE/edit?usp=sharing

NxtMinnow

Good job!

[NxtMinnow]

What happened with Vircurex? Price drops a lot.

Price relative to what?  BTC? Fiat?   There was a pretty decent BTC rally today. I bet fiat lost value.

EDIT: Now that Gox uncertainty has been removed from the crypto market by the release of Nanashi private Gox IRC chat and leaked 20GB Gox file, the crypto market can move forward and away from the corruption of traditional centralized exchanges.

There are some dirty words in the IRC chat like "was rootkit on gox" OOPS!     http://pastebin.com/cbA09WwA