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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761351 times)
Fatih87SK
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March 05, 2014, 03:43:53 PM
 #40541



Any updates on AE, what are we waiting for? can we set a date?


I am currently writing an AE audit program. It will make sure all asset balances are correct. I think we need to have this running while we have several active tradebots making all sorts of trades, big and small, from many computers.

If after a million trade brute force test, everything still reconciles, then it should be good to go

James

please tell me its not going to be luanched till after the 8th?Huh? i want to get my investment back from heavycoin to put into nxt! please wait lol

Which clients will support AE?

It's important that we show those clients at nxtcountdown.com

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pinarello
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NXT is the future


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March 05, 2014, 03:45:48 PM
 #40542



Any updates on AE, what are we waiting for? can we set a date?


I am currently writing an AE audit program. It will make sure all asset balances are correct. I think we need to have this running while we have several active tradebots making all sorts of trades, big and small, from many computers.

If after a million trade brute force test, everything still reconciles, then it should be good to go

James

please tell me its not going to be luanched till after the 8th?Huh? i want to get my investment back from heavycoin to put into nxt! please wait lol

Which clients will support AE?

It's important that we show those clients at nxtcountdown.com

All clients support AE.

grandpa_seth
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March 05, 2014, 03:45:59 PM
 #40543

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.


Never liked pooled forging for nxt. If CFB put actual thought into it and doesn't like it then I say no for now at least. I believe there will be

natural incentives to forge as we grow. Worst case we can pool later if the issue becomes clearer.
pinarello
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March 05, 2014, 03:48:04 PM
 #40544


dont miss the NXT train ...

YUB and HODL


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March 05, 2014, 03:48:50 PM
 #40545

Hey guys! I'm allwelder's friend.
If you want the price of NXT pumping up,
please go to https://bitcointalk.org/index.php?topic=501963.0 to vote NXT!!!
Www.btc38.com is the biggest Altcoins exchange in China.
It will be a great news to NXT if the site launch NXT!!!

Please!!!


Vote!

Sepehr, A Cryptocurrency Evangelist
ImmortAlex
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March 05, 2014, 03:49:14 PM
 #40546

I don't think we need pooled forging at all.

1. Pool doesn't change ROI in long run.

2. Comminity has strong opinion that fee must be no more than 0.1, so sooner or later ROI will fall in 10 time at least.

3. So small stakeholders will not get anything notable anyway.

4. So forging is not about money. We talk about that many times.

5. It's better to learn people how to setup node and register it on peerexplorer. And learn whales to support sponsoring in peerexplorer.

6. Forging is duty of service providers, so we just need to stand until there are many of it. We can snand with 500 nodes, I think. Nodes which active part of community will run anyway.

So it's better to program something useful and truly innovative.
Fatih87SK
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March 05, 2014, 03:49:50 PM
 #40547



Any updates on AE, what are we waiting for? can we set a date?


I am currently writing an AE audit program. It will make sure all asset balances are correct. I think we need to have this running while we have several active tradebots making all sorts of trades, big and small, from many computers.

If after a million trade brute force test, everything still reconciles, then it should be good to go

James

please tell me its not going to be luanched till after the 8th?Huh? i want to get my investment back from heavycoin to put into nxt! please wait lol

Which clients will support AE?

It's important that we show those clients at nxtcountdown.com

All clients support AE.

Ok, then we come to the same dilemma.

Is it an idea to promote Wesleyh's client at the countdown?

That is our moment to spam everyone with a simple client and a countdown. There is no better time to do that.

Fatih87SK
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March 05, 2014, 03:52:21 PM
 #40548

Hey guys! I'm allwelder's friend.
If you want the price of NXT pumping up,
please go to https://bitcointalk.org/index.php?topic=501963.0 to vote NXT!!!
Www.btc38.com is the biggest Altcoins exchange in China.
It will be a great news to NXT if the site launch NXT!!!

Please!!!


Vote!

Expect the question; How are we going to implement NXT at BTC38?

Or have we learned from the past and made an instruction?

mcjavar
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March 05, 2014, 03:52:38 PM
 #40549

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.


And how should community decide? We will have a big duscission again, while work is on hold.
Please continue working on it, like planned, as this is the only way small stakeholders have the opportunity to forge. It is very frustrating to invest thousands of dollars and then see that you will generate the next block in 2 months.

If you want the community to decide, put up a voting, or make it clear HOW the community should decide, otherwise it is pointless and will only lead to another function not getting implemented till april.

Just for the records: how do you want community to decide?
pinarello
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March 05, 2014, 03:53:58 PM
 #40550



Any updates on AE, what are we waiting for? can we set a date?


I am currently writing an AE audit program. It will make sure all asset balances are correct. I think we need to have this running while we have several active tradebots making all sorts of trades, big and small, from many computers.

If after a million trade brute force test, everything still reconciles, then it should be good to go

James

please tell me its not going to be luanched till after the 8th?Huh? i want to get my investment back from heavycoin to put into nxt! please wait lol

Which clients will support AE?

It's important that we show those clients at nxtcountdown.com

All clients support AE.

Ok, then we come to the same dilemma.

Is it an idea to promote Wesleyh's client at the countdown?

That is our moment to spam everyone with a simple client and a countdown. There is no better time to do that.


I personally consider wesleys client as standard client, when it is implemented in the code from J-L, and with the installer from mistafreeze this is the best we can get.

easy to use one click installation. AFAIK wesleyh and J-L are in the proces of integrating the client as we speak.

so lets put our effort to promote that.

morigu777
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March 05, 2014, 03:54:34 PM
 #40551

Hey guys! I'm allwelder's friend.
If you want the price of NXT pumping up,
please go to https://bitcointalk.org/index.php?topic=501963.0 to vote NXT!!!
Www.btc38.com is the biggest Altcoins exchange in China.
It will be a great news to NXT if the site launch NXT!!!

Please!!!


Vote!

Expect the question; How are we going to implement NXT at BTC38?

Or have we learned from the past and made an instruction?

Whoever is our Chinese rep for NXT(I believe we have one right?) should work with opticalc or someone along those lines to help btc38 implement it if it comes to that.
arafel71
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March 05, 2014, 03:54:59 PM
 #40552

BTC38 is asking about which coin to add next on their exchange. Please take a few minutes to let them know about Nxt:

https://bitcointalk.org/index.php?topic=501963.msg5525645#msg5525645



Done!

done
mcjavar
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March 05, 2014, 03:55:13 PM
 #40553



Any updates on AE, what are we waiting for? can we set a date?


I am currently writing an AE audit program. It will make sure all asset balances are correct. I think we need to have this running while we have several active tradebots making all sorts of trades, big and small, from many computers.

If after a million trade brute force test, everything still reconciles, then it should be good to go

James

please tell me its not going to be luanched till after the 8th?Huh? i want to get my investment back from heavycoin to put into nxt! please wait lol

Which clients will support AE?

It's important that we show those clients at nxtcountdown.com

All clients support AE.

Ok, then we come to the same dilemma.

Is it an idea to promote Wesleyh's client at the countdown?

That is our moment to spam everyone with a simple client and a countdown. There is no better time to do that.


I personally consider wesleys client as standard client, when it is implemented in the code from J-L, and with the installer from mistafreeze this is the best we can get.

easy to use one click installation. AFAIK wesleyh and J-L are in the proces of integrating the client as we speak.

so lets put our effort to promote that.

Yes, that is what I am telling here for hours Smiley
Come-from-Beyond
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March 05, 2014, 03:55:18 PM
 #40554

I don't think we need pooled forging at all.

1. Pool doesn't change ROI in long run.

2. Comminity has strong opinion that fee must be no more than 0.1, so sooner or later ROI will fall in 10 time at least.

3. So small stakeholders will not get anything notable anyway.

4. So forging is not about money. We talk about that many times.

5. It's better to learn people how to setup node and register it on peerexplorer. And learn whales to support sponsoring in peerexplorer.

6. Forging is duty of service providers, so we just need to stand until there are many of it. We can snand with 500 nodes, I think. Nodes which active part of community will run anyway.

So it's better to program something useful and truly innovative.

We'll need pooled forging in the future when switch to 1000 tps mode.
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March 05, 2014, 03:55:52 PM
 #40555

Just for the records: how do you want community to decide?

Voting. We have VS.
kpax7788
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March 05, 2014, 03:56:43 PM
 #40556

BTC38 is asking about which coin to add next on their exchange. Please take a few minutes to let them know about Nxt:

https://bitcointalk.org/index.php?topic=501963.msg5525645#msg5525645



Done also.
bitcoinpaul
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March 05, 2014, 03:57:26 PM
 #40557

I personally consider wesleys client as standard client, when it is implemented in the code from J-L, and with the installer from mistafreeze this is the best we can get.

easy to use one click installation. AFAIK wesleyh and J-L are in the proces of integrating the client as we speak.

so lets put our effort to promote that.

Yes, that is what I am telling here for hours Smiley

+1 for Wesleys as standard. But this one click installation - is this open source and necessary?
igmaca
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March 05, 2014, 03:57:56 PM
Last edit: March 05, 2014, 05:12:47 PM by igmaca
 #40558

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.


Instead of leasing forge power or Pooled Forging , you commit with your account to share fees among others in the same "share fee group" if you forge a node. You still try to forge a block on your own, but you commit to share the incentive with others if you are successful (with special conditions like committing to run the node for some time, ...).

share fee group (share fee pool or share fee Hubs) and limiting forging power of an account to 1.000.000 Nxt coin maximum . this means 10.000 nodes to ensure minimum network

Now imagine if I am correct with 1,000,000 Nxt coins pools (share fee group)

1.000.000.000 Nxt Coin
1.000.000 Nxt Coin per pool (share fee group)

10 accounts  90.000 Nxt 10 Node participate in forging
10 accounts  9.900 Nxt 10 Node participate in forging
10 accounts  100 Nxt 10 Node participate in forging

Total pool (share fee group) 1.000.000 Nxt
Total 30 Nodes participate in forging in this exemple

Chance to forge 0,001
rate forging 1440 blocs per day
526 Blocs per year
aprox 1,44 Blocs per day. 100 Nxt account is forging every day. receives fees in proportion to their funds every day!!!

1.000.000.000 Nxt Coin
1.000.000 Nxt Coin per pool (share fee group)
30.000 Nodes participate in forging. if there are only 30 accounts linked per pool (share fee group)

this means;

Extremely decentralized network (in the exemple 30.000 Nodes) and therefore very secure network
Small accounts motivated to participate in forging (In the exemple 100 Nxt account is forging every day not every 10 year)
rich and poor have the same chance to forge because everybody forge everyday!!!!

You just have to solve for the fees to be sufficiently attractive.

An interesting idea is to pay for other things like leased computing power
Other interesting idea is to pay for other things like leased memory storage capacity

Perhaps creating nodes coins proposed by jl777 implementing shared  fees pool  would be technically easier.

Could distribute node coins to the participants in the pool (share fee group) at all times proportion to the funds of each participant if any member had success in forging

Then there would logically be a market between NXT Coins VS Node coins
mcjavar
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March 05, 2014, 03:58:10 PM
 #40559

I personally consider wesleys client as standard client, when it is implemented in the code from J-L, and with the installer from mistafreeze this is the best we can get.

easy to use one click installation. AFAIK wesleyh and J-L are in the proces of integrating the client as we speak.

so lets put our effort to promote that.

Yes, that is what I am telling here for hours Smiley

+1 for Wesleys as standard. But this one click installation - is this open source and necessary?

Yes, it is open source. Yes it is necessary for the ordinary user. Why don´t you like it?
arafel71
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March 05, 2014, 03:58:20 PM
 #40560

good news, I have lobbied to add NXT on https://www.litebit.eu/

NXT will be ADDED NEXT THIS WEEK !!!!

this is big becausse you can buy NXT with mistercash, ideal, etc...


this is a new gateway to fiat also. MARKETING, GO PROMOTE IT PLS

Pin

NXT: 12088507821025750338

They will even add it THIS week !

https://www.litepaid.com/?set_lang=en

https://www.litebit.eu/en/
good news, I have lobbied to add NXT on https://www.litebit.eu/

NXT will be ADDED NEXT THIS WEEK !!!!

this is big becausse you can buy NXT with mistercash, ideal, etc...


this is a new gateway to fiat also. MARKETING, GO PROMOTE IT PLS

Pin

NXT: 12088507821025750338

They will even add it THIS week !

https://www.litepaid.com/?set_lang=en

https://www.litebit.eu/en/

great news !!
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