NXT :: descendant of Bitcoin - Updated Information

[Damelon]

Now give me an ETA for the next feature (AE) and we can have some fun.

www.nxtcountdown.com

Awesomee 

so 30 days and it will be live?? is that the agreed release date? oh 3rd of april to go along with the full release of source code right? nice job!

No no. in 30 Days, CfB has no job I deleted the counter until we have an ETA.

Then make a CfB Farewell Party counter intstead 

[brooklynbtc]

so my daughter was playing magnets and i saw what she wrote..

[EmoneyRu]

Running Nxt client under Windows.

This should be added by default in nxt java client distribution of Jean-Luc.

I've already asked to do it.

And he've done it.

[Jerical13]

I dont know why I thought it wasnt possible to do cold storage for the multisig deposit acct.

On a typical day, less than 10% of overall deposits would be withdrawn, maybe much less. There is no need for a super complicated shifting of funds to and from many multisig accts. We just need to have a multisig cold wallet using 2 of 3 signers where the signers would be Anon136, rickyjames and klee. When the gateway multisig acct gets excess deposits, each server would authorize transfer to the cold multisig wallet. When a big withdrawal comes in, then 2 of the 3 cold wallet signers would need to approve.

All of the deposits and withdrawals and multisig acct info would be public, so all these funds transfers will be visible to all.

The incentive for two of the three gateway operators to collude is reduced dramatically. The trust required for gateways drops 90% and shifts to the cold wallet trio.

What do you think?

James

Sounds smart. Plus it would seem the more accounts the funds are dispersed in the more secure they would be.

But that also raises a concern: Has anyone verified the legal / accounting requirements for establishing this holding account? Not trying to be a stick in the mud, but if there are going to be people signing anything you may want check in to this if you already haven't.

[S3MKi]

Do we have russian version http://www.youtube.com/watch?v=UuZH3a5MKik ??

[VanBreuk]

Do we have russian version http://www.youtube.com/watch?v=UuZH3a5MKik ??

Yep.

https://www.wetransfer.com/downloads/be8a26a566cda33630ca0e999e72e97320140302161354/fc4a9a2b4f207ef8cbeab7c595e8c5b120140302161354/61d147

Source.

[Mario123]

Uploading right now: http://youtu.be/wYCAo5PSW2E

[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.

Agreed. It shouldn't be anymore than a few USDs fi not 1 NXT.

[cryptolawyer]

I dont know why I thought it wasnt possible to do cold storage for the multisig deposit acct.

On a typical day, less than 10% of overall deposits would be withdrawn, maybe much less. There is no need for a super complicated shifting of funds to and from many multisig accts. We just need to have a multisig cold wallet using 2 of 3 signers where the signers would be Anon136, rickyjames and klee. When the gateway multisig acct gets excess deposits, each server would authorize transfer to the cold multisig wallet. When a big withdrawal comes in, then 2 of the 3 cold wallet signers would need to approve.

All of the deposits and withdrawals and multisig acct info would be public, so all these funds transfers will be visible to all.

The incentive for two of the three gateway operators to collude is reduced dramatically. The trust required for gateways drops 90% and shifts to the cold wallet trio.

What do you think?

James

Sounds smart. Plus it would seem the more accounts the funds are dispersed in the more secure they would be.

But that also raises a concern: Has anyone verified the legal / accounting requirements for establishing this holding account? Not trying to be a stick in the mud, but if there are going to be people signing anything you may want check in to this if you already haven't.

In light of the inevitable legal fallout from Mt Gox, this is a very wise suggestion.

[Jerical13]

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.

We should first talk about WHAT we want to accomplish and WHY. I don't want to hear "uh, it's interesting", "yeah, nice idea" or "BCNext said fee must be low".

I want your motivation behind this first. After we discussed that, we could talk about possible realization.

If you cannot pay 1000 NXT for an asset, then what is your asset going to do anyway?

If you paid 1 NXT for it would do the same thing as if you paid 1000 NXT for it. I don't see the motivation in setting it so high as 1000 NXT. It is kind of similar to the low gateway fees. Let people use the AE.  

[farl4web]

Now give me an ETA for the next feature (AE) and we can have some fun.

www.nxtcountdown.com

Cool! I added the link to my http://nxt.startpagina.nl.

[farl4web]

so my daughter was playing magnets and i saw what she wrote..

She has a great gift! 

[ChuckOne]

If you paid 1 NXT for it would do the same thing as if you paid 1000 NXT for it. I don't see the motivation in setting it so high as 1000 NXT. It is kind of similar to the low gateway fees.

You do not create a new coin on a whim without effort. You have to put work into it. These 1000 NXT represent that work for now until the real world price of 1 NXT increases.

Let people use the AE.  

They can. They can buy and sell shares of assets.

[grandpa_seth]

rickyjames thank you for your work with the committee voting. Your pm to me was the straw that broke the camel's back. It pushed my lazy buns
to read the candidates' statements and vote. Everyone who has been ignoring or putting this off vote now.

**Warning**
The following is a bribed endorsement:

I sincerely believe brooklynbtc needs to be on the marketing committee. Please read his statement https://bitcointalk.org/index.php?topic=479167.msg5317734#msg5317734 . Even if you like the way marketing has been going so far we need someone with his point of view to balance things out. With the utmost respect, I do not like our marketing strategy thus far and do not believe it to be effective for what nxt is striving to be. If you agree then brooklyn needs to be in the house.

[S3MKi]

Do we have russian version http://www.youtube.com/watch?v=UuZH3a5MKik ??

Yep.

https://www.wetransfer.com/downloads/be8a26a566cda33630ca0e999e72e97320140302161354/fc4a9a2b4f207ef8cbeab7c595e8c5b120140302161354/61d147

Source.

I mean on youtube and etc. Loading on youtube now for vk.com/cryptonxt

[l8orre]

When I try to start the API server on 7876 n localhost with SSL enabled, it crashes - is this maybe a reason for the testnet problems?

Code:

azure@boxfish:~/workbench/nxt$ ./run.sh 
Initializing Nxt server version 0.8.3
[2014-03-03 17:11:13.123] nxt.debug = "false"
[2014-03-03 17:11:13.124] nxt.enableStackTraces = "true"
[2014-03-03 17:11:13.124] nxt.log = "nxt.log"
[2014-03-03 17:11:13.125] Debug logging disabled
[2014-03-03 17:11:13.125] Exception stack traces enabled
[2014-03-03 17:11:13.125] logging enabled
[2014-03-03 17:11:13.125] nxt.debugJetty = "false"
[2014-03-03 17:11:13.126] nxt.dbCacheKB = "0"
[2014-03-03 17:11:13.126] nxt.dbUrl = "jdbc:h2:nxt_db/nxt;DB_CLOSE_ON_EXIT=FALSE"
[2014-03-03 17:11:13.144] nxt.maxDbConnections = "10"
[2014-03-03 17:11:13.145] nxt.dbLoginTimeout = "70"
[2014-03-03 17:11:15.761] Database is at level 15
[2014-03-03 17:11:15.764] Updated database is at level 15
[2014-03-03 17:11:15.785] nxt.myPlatform = "PC"
[2014-03-03 17:11:15.785] nxt.myAddress not defined, assuming null
[2014-03-03 17:11:15.786] nxt.peerServerPort = "7874"
[2014-03-03 17:11:15.786] nxt.shareMyAddress = "true"
[2014-03-03 17:11:15.786] nxt.myHallmark not defined, assuming null
[2014-03-03 17:11:15.786] nxt.wellKnownPeers not defined, assuming null
[2014-03-03 17:11:15.786] No wellKnownPeers defined, using random nxtcrypto.org, nxtbase.com and mynxt.info nodes
[2014-03-03 17:11:15.787] nxt.maxNumberOfConnectedPublicPeers = "20"
[2014-03-03 17:11:15.787] nxt.connectTimeout = "2000"
[2014-03-03 17:11:15.787] nxt.readTimeout = "5000"
[2014-03-03 17:11:15.787] nxt.enableHallmarkProtection = "true"
[2014-03-03 17:11:15.787] nxt.pushThreshold = "0"
[2014-03-03 17:11:15.787] nxt.pullThreshold = "0"
[2014-03-03 17:11:15.788] nxt.blacklistingPeriod = "300000"
[2014-03-03 17:11:15.788] nxt.communicationLoggingMask = "0"
[2014-03-03 17:11:15.788] nxt.sendToPeersLimit = "10"
[2014-03-03 17:11:16.774] nxt.peerServerHost = "0.0.0.0"
[2014-03-03 17:11:16.774] nxt.peerServerIdleTimeout = "5000"
[2014-03-03 17:11:16.799] nxt.peerServerDoSFilter.maxRequestsPerSec = "30"
[2014-03-03 17:11:16.799] nxt.peerServerDoSFilter.delayMs = "1000"
[2014-03-03 17:11:16.801] nxt.allowedBotHosts = "127.0.0.1; localhost; 0:0:0:0:0:0:0:1;"
[2014-03-03 17:11:16.801] nxt.enableAPIServer = "true"
[2014-03-03 17:11:16.802] nxt.apiServerPort = "7876"
[2014-03-03 17:11:16.802] nxt.apiServerHost = "127.0.0.1"
[2014-03-03 17:11:16.802] nxt.apiSSL = "true"
[2014-03-03 17:11:16.802] Using SSL (https) for the API server
[2014-03-03 17:11:16.806] nxt.keyStorePath = "keystore"
[2014-03-03 17:11:16.806] nxt.keyStorePassword = "password"
[2014-03-03 17:11:16.810] nxt.apiServerIdleTimeout = "30000"
[2014-03-03 17:11:16.812] nxt.apiResourceBase = "html/tools"
[2014-03-03 17:11:16.831] nxt.javadocResourceBase = "html/doc"
[2014-03-03 17:11:16.838] nxt.apiServerCORS = "true"
[2014-03-03 17:11:16.845] nxt.allowedUserHosts = "127.0.0.1; localhost; 0:0:0:0:0:0:0:1;"
[2014-03-03 17:11:16.845] nxt.enableUIServer = "true"
[2014-03-03 17:11:16.845] nxt.uiServerPort = "7875"
[2014-03-03 17:11:16.845] nxt.uiServerHost = "127.0.0.1"
[2014-03-03 17:11:16.845] nxt.uiSSL = "false"
[2014-03-03 17:11:16.846] nxt.uiServerIdleTimeout = "30000"
[2014-03-03 17:11:16.846] nxt.uiResourceBase = "html/nrs"
[2014-03-03 17:11:16.846] nxt.javadocResourceBase = "html/doc"
[2014-03-03 17:11:16.847] nxt.uiServerCORS = "true"
[2014-03-03 17:11:16.861] Genesis block already in database
[2014-03-03 17:11:16.861] Scanning blockchain...
[2014-03-03 17:11:34.233] ...done
[2014-03-03 17:11:34.277] Started peer networking server at 0.0.0.0:7874
[2014-03-03 17:11:34.283] DEBUG: Failed to start API server
java.io.FileNotFoundException: /home/azure/workbench/nxt/keystore (Datei oder Verzeichnis nicht gefunden)
	at java.io.FileInputStream.open(Native Method)
	at java.io.FileInputStream.<init>(FileInputStream.java:146)
	at org.eclipse.jetty.util.resource.FileResource.getInputStream(FileResource.java:294)
	at org.eclipse.jetty.util.security.CertificateUtils.getKeyStore(CertificateUtils.java:43)
	at org.eclipse.jetty.util.ssl.SslContextFactory.loadKeyStore(SslContextFactory.java:864)
	at org.eclipse.jetty.util.ssl.SslContextFactory.doStart(SslContextFactory.java:270)
	at org.eclipse.jetty.util.component.AbstractLifeCycle.start(AbstractLifeCycle.java:69)
	at org.eclipse.jetty.util.component.ContainerLifeCycle.start(ContainerLifeCycle.java:117)
	at org.eclipse.jetty.util.component.ContainerLifeCycle.doStart(ContainerLifeCycle.java:99)
	at org.eclipse.jetty.server.SslConnectionFactory.doStart(SslConnectionFactory.java:64)
	at org.eclipse.jetty.util.component.AbstractLifeCycle.start(AbstractLifeCycle.java:69)
	at org.eclipse.jetty.util.component.ContainerLifeCycle.start(ContainerLifeCycle.java:117)
	at org.eclipse.jetty.util.component.ContainerLifeCycle.doStart(ContainerLifeCycle.java:99)
	at org.eclipse.jetty.server.AbstractConnector.doStart(AbstractConnector.java:260)
	at org.eclipse.jetty.server.AbstractNetworkConnector.doStart(AbstractNetworkConnector.java:81)
	at org.eclipse.jetty.server.ServerConnector.doStart(ServerConnector.java:218)
	at org.eclipse.jetty.util.component.AbstractLifeCycle.start(AbstractLifeCycle.java:69)
	at org.eclipse.jetty.server.Server.doStart(Server.java:336)
	at org.eclipse.jetty.util.component.AbstractLifeCycle.start(AbstractLifeCycle.java:69)
	at nxt.http.API$1.run(API.java:117)
	at nxt.util.ThreadPool.start(ThreadPool.java:38)
	at nxt.Nxt$Init.<clinit>(Nxt.java:187)
	at nxt.Nxt.init(Nxt.java:156)
	at nxt.Nxt.main(Nxt.java:147)
Exception in thread "main" java.lang.ExceptionInInitializerError
	at nxt.Nxt.init(Nxt.java:156)
	at nxt.Nxt.main(Nxt.java:147)
Caused by: java.lang.RuntimeException: java.io.FileNotFoundException: /home/azure/workbench/nxt/keystore (Datei oder Verzeichnis nicht gefunden)
	at nxt.http.API$1.run(API.java:121)
	at nxt.util.ThreadPool.start(ThreadPool.java:38)
	at nxt.Nxt$Init.<clinit>(Nxt.java:187)
	... 2 more
Caused by: java.io.FileNotFoundException: /home/azure/workbench/nxt/keystore (Datei oder Verzeichnis nicht gefunden)
	at java.io.FileInputStream.open(Native Method)
	at java.io.FileInputStream.<init>(FileInputStream.java:146)
	at org.eclipse.jetty.util.resource.FileResource.getInputStream(FileResource.java:294)
	at org.eclipse.jetty.util.security.CertificateUtils.getKeyStore(CertificateUtils.java:43)
	at org.eclipse.jetty.util.ssl.SslContextFactory.loadKeyStore(SslContextFactory.java:864)
	at org.eclipse.jetty.util.ssl.SslContextFactory.doStart(SslContextFactory.java:270)
	at org.eclipse.jetty.util.component.AbstractLifeCycle.start(AbstractLifeCycle.java:69)
	at org.eclipse.jetty.util.component.ContainerLifeCycle.start(ContainerLifeCycle.java:117)
	at org.eclipse.jetty.util.component.ContainerLifeCycle.doStart(ContainerLifeCycle.java:99)
	at org.eclipse.jetty.server.SslConnectionFactory.doStart(SslConnectionFactory.java:64)
	at org.eclipse.jetty.util.component.AbstractLifeCycle.start(AbstractLifeCycle.java:69)
	at org.eclipse.jetty.util.component.ContainerLifeCycle.start(ContainerLifeCycle.java:117)
	at org.eclipse.jetty.util.component.ContainerLifeCycle.doStart(ContainerLifeCycle.java:99)
	at org.eclipse.jetty.server.AbstractConnector.doStart(AbstractConnector.java:260)
	at org.eclipse.jetty.server.AbstractNetworkConnector.doStart(AbstractNetworkConnector.java:81)
	at org.eclipse.jetty.server.ServerConnector.doStart(ServerConnector.java:218)
	at org.eclipse.jetty.util.component.AbstractLifeCycle.start(AbstractLifeCycle.java:69)
	at org.eclipse.jetty.server.Server.doStart(Server.java:336)
	at org.eclipse.jetty.util.component.AbstractLifeCycle.start(AbstractLifeCycle.java:69)
	at nxt.http.API$1.run(API.java:117)
	... 4 more
^CException in thread "Thread-0" java.lang.NullPointerException
	at nxt.util.ThreadPool.shutdownExecutor(ThreadPool.java:57)
	at nxt.util.ThreadPool.shutdown(ThreadPool.java:51)
	at nxt.Nxt.shutdown(Nxt.java:161)
	at nxt.Nxt$1.run(Nxt.java:144)
	at java.lang.Thread.run(Thread.java:744)
azure@boxfish:~/workbench/nxt$ 

[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.

[bitcoinpaul]

rickyjames thank you for your work with the committee voting. Your pm to me was the straw that broke the camel's back. It pushed my lazy buns
to read the candidates' statements and vote. Everyone who has been ignoring or putting this off vote now.

**Warning**
The following is a bribed endorsement:

I sincerely believe brooklynbtc needs to be on the marketing committee. Please read his statement https://bitcointalk.org/index.php?topic=479167.msg5317734#msg5317734 . Even if you like the way marketing has been going so far we need someone with his point of view to balance things out. With the utmost respect, I do not like our marketing strategy thus far and do not believe it to be effective for what nxt is striving to be. If you agree then brooklyn needs to be in the house.

+1

Right now it's a little bit here and there. The work right now gets done, but where is the vision? There needs to be somebody above salsacz with vision and experience.

[Mario123]

Do we have russian version http://www.youtube.com/watch?v=UuZH3a5MKik ??

Yep.

https://www.wetransfer.com/downloads/be8a26a566cda33630ca0e999e72e97320140302161354/fc4a9a2b4f207ef8cbeab7c595e8c5b120140302161354/61d147

Source.

I mean on youtube and etc. Loading on youtube now for vk.com/cryptonxt

http://www.youtube.com/watch?v=wYCAo5PSW2E&feature=youtu.be

Could somebody proof listen to it?

[Emule]

rickyjames thank you for your work with the committee voting. Your pm to me was the straw that broke the camel's back. It pushed my lazy buns
to read the candidates' statements and vote. Everyone who has been ignoring or putting this off vote now.

**Warning**
The following is a bribed endorsement:

I sincerely believe brooklynbtc needs to be on the marketing committee. Please read his statement https://bitcointalk.org/index.php?topic=479167.msg5317734#msg5317734 . Even if you like the way marketing has been going so far we need someone with his point of view to balance things out. With the utmost respect, I do not like our marketing strategy thus far and do not believe it to be effective for what nxt is striving to be. If you agree then brooklyn needs to be in the house.

+1

Right now it's a little bit here and there. The work right now gets done, but where is the vision? There needs to be somebody above salsacz.

finally some people start to get it.

you need massive buying power to buy in to my fellow whales sell wals.

writting some article is good at one point but nxt is way past that point you need something more substantial right now.

but hey who am i, let the 40k/month guy solve it he is paid generously for it sadly no results