NXT :: descendant of Bitcoin - Updated Information

[pinarello]

Just got a call from an outside investor who is interested in using the Asset Exchange for issuing Assets for his new project.

Was looking to set up his own alt to start this up, but is now véry interested in the possibilities of Nxt.

I'm having a talk with him on Saturday.

I may have to draw on the knowledge of some of our devs to contact his devs to see how the two systems will mesh.

Great News, Should consider it very serious. Sample of Nodecoin can help also.

As soon as I get the AE auditing done (hopefully soon), nodecoin wont be far behind

What is this auditing about, do you say you gonna tell us when to implement AE?

[Damelon]

Just got a call from an outside investor who is interested in using the Asset Exchange for issuing Assets for his new project.

Was looking to set up his own alt to start this up, but is now véry interested in the possibilities of Nxt.

I'm having a talk with him on Saturday.

I may have to draw on the knowledge of some of our devs to contact his devs to see how the two systems will mesh.

Get Some!!!! That is the type of thing that NEEDS to be done. Tech guys please help Damelon out in any way possible.

What are this guys plans? Is it just an info session or strategy discussion? Keep us posted.

Info session. I know a bit, but need to ask more precise questions, and him too.
Suffice to say that he is talking about giving Nxt a serious monetary backing if what he told me is correct.

Not trying to bust your chops, but what type of business or purpose is he looking at NXT to fill? Not trying to give you the third degree, just kinda intrigued.

At this stage, too early to tell. As I say: info session. I need to tell him where we are honestly, he needs to tell me.
Then we exchange what we expect/need and see if we can make it work.

[Come-from-Beyond]

Then why, when determining the price at which orders match, is the code comparing some random hash value?

long price = askOrder.getHeight() < bidOrder.getHeight() || (askOrder.getHeight() == bidOrder.getHeight() && askOrder.getId() < bidOrder.getId()) ? askOrder.getPrice() : bidOrder.getPrice();

If all orders we are looking at are in the same block, the height of the orders are all the same.
The id of an order is the id of the transaction which is part of the hash value of the transaction. Seems like rolling a dice when determining the price.

Transactions at the same height r ordered according to their ids. It's canonical order that is also used when payload hash is calculated.

[marcus03]

Is anyone knowing what we paid for?

Yes. Refactoring, consulting, some extra functionality like API calls.

What about the new high-level/low-level API? Is there some coming until April?

[Jerical13]

Just got a call from an outside investor who is interested in using the Asset Exchange for issuing Assets for his new project.

Was looking to set up his own alt to start this up, but is now véry interested in the possibilities of Nxt.

I'm having a talk with him on Saturday.

I may have to draw on the knowledge of some of our devs to contact his devs to see how the two systems will mesh.

Get Some!!!! That is the type of thing that NEEDS to be done. Tech guys please help Damelon out in any way possible.

What are this guys plans? Is it just an info session or strategy discussion? Keep us posted.

Info session. I know a bit, but need to ask more precise questions, and him too.
Suffice to say that he is talking about giving Nxt a serious monetary backing if what he told me is correct.

Not trying to bust your chops, but what type of business or purpose is he looking at NXT to fill? Not trying to give you the third degree, just kinda intrigued.

At this stage, too early to tell. As I say: info session. I need to tell him where we are honestly, he needs to tell me.
Then we exchange what we expect/need and see if we can make it work.

Best of luck. Hope to see this be the start of a trend.

[pinarello]

Is anyone knowing what we paid for?

Yes. Refactoring, consulting, some extra functionality like API calls.

how do we know you actualy delivered what BCNext has paid for is better formulated.

how do we know you did all what he asked?

[jl777]

Just got a call from an outside investor who is interested in using the Asset Exchange for issuing Assets for his new project.

Was looking to set up his own alt to start this up, but is now véry interested in the possibilities of Nxt.

I'm having a talk with him on Saturday.

I may have to draw on the knowledge of some of our devs to contact his devs to see how the two systems will mesh.

Get Some!!!! That is the type of thing that NEEDS to be done. Tech guys please help Damelon out in any way possible.

What are this guys plans? Is it just an info session or strategy discussion? Keep us posted.

Info session. I know a bit, but need to ask more precise questions, and him too.
Suffice to say that he is talking about giving Nxt a serious monetary backing if what he told me is correct.

We wont quite have time to get a working nodecoin by then, but we will be making a NXTcoins development kit, so pretty much whatever type of coin they want to do (within reason), we should be able to support.

Find out from him what his requirements are for the coin. It can be high level requirements. I can usually convert high level marketing/business requirements into a technical spec. Just make sure to not make any 100% guarantees that any specific feature can be done by any specific date. Keep the promising to generalities and as long as the requirements aren't outrageous, we can deliver technically a NXTcoins that works for him

When I say "we", the NXTcoins dev team is currently just me and I am stretched a bit thin. However it does tie into multigateway and NXTcash, so there is a lot of leveraging of shared code and server resources.

The goal of NXTcoins is to make it easy for anybody to create a new coin. They can concentrate on what differentiates their coin without worrying about bootstrapping a network secure from 51% attack, or even getting a decentralized blockchain.

I am on track to complete the core for the NXTcoins in March, but remember, I dont do any GUI or website stuff and it would really be cool to have a NXTcoins.biz website where people can point and click there way to a new coin. It would create a config file that describes the properties of the coin (within the currently supported feature set) and allow people to put in their custom code. This would get submitted to a NXTcoins quality control team who will make sure it is all kosher and we update the realtime monitoring of AE balances in the nodecoins. I think a reasonable fee would be 1% of coins mined for the customization and 1% for servers. They could always setup their own servers if 2% fee is too much, but I really need to find a way to pay for all my servers as I cant subsidize it for NXT use forever.

James

[jl777]

Did you want some TestNxt ??

Yes I will need a lot to do 1 million transactions
18232225178877143084

[BloodyRookie]

Then why, when determining the price at which orders match, is the code comparing some random hash value?

long price = askOrder.getHeight() < bidOrder.getHeight() || (askOrder.getHeight() == bidOrder.getHeight() && askOrder.getId() < bidOrder.getId()) ? askOrder.getPrice() : bidOrder.getPrice();

If all orders we are looking at are in the same block, the height of the orders are all the same.
The id of an order is the id of the transaction which is part of the hash value of the transaction. Seems like rolling a dice when determining the price.

Transactions at the same height r ordered according to their ids. It's canonical order that is also used when payload hash is calculated.

So?

@CfB:
Just to sure how it should be:
Since the bid order is coming at a later time than the ask orders, it should eat the ask orders at the price of the ask orders, right?
If not, how should the algorithm be?

U r right. But bid orders could come earlier also.

The time the orders were placed should determine the price at which the deal is made, not part of a hash. That's why is was asking about the algorithm.

[jl777]

Just got a call from an outside investor who is interested in using the Asset Exchange for issuing Assets for his new project.

Was looking to set up his own alt to start this up, but is now véry interested in the possibilities of Nxt.

I'm having a talk with him on Saturday.

I may have to draw on the knowledge of some of our devs to contact his devs to see how the two systems will mesh.

Great News, Should consider it very serious. Sample of Nodecoin can help also.

As soon as I get the AE auditing done (hopefully soon), nodecoin wont be far behind

What is this auditing about, do you say you gonna tell us when to implement AE?

"auditing" as in going through the entire blockchain and updating every change of Asset ownership, via trade or transfer. Then making sure that the getAsset call for each account that has an Asset returns the same value as the blockchain scan.

audit as in making sure two numbers obtained using different methods match up.

If they dont, then there is either a bug in the auditing software or the AE. So, once we have a realtime audit running for AE assets, we can then do a brute force million transaction AE test. If during and after that, everything still reconciles properly, I would be able to recommend releasing AE.

This is a type of testing software. You automate a process that after it is done will tell you if something else has bugs or not.

James

[salsacz]

may I ask for few more reddit votes? 3 isn't enough to get to the cryptocurrency page:
http://www.reddit.com/r/CryptoCurrency/comments/1zmv2q/decentralized_internet_and_nxt_solutions/

[Jerical13]

[/quote]
We wont quite have time to get a working nodecoin by then, but we will be making a NXTcoins development kit, so pretty much whatever type of coin they want to do (within reason), we should be able to support.

Find out from him what his requirements are for the coin. It can be high level requirements. I can usually convert high level marketing/business requirements into a technical spec. Just make sure to not make any 100% guarantees that any specific feature can be done by any specific date. Keep the promising to generalities and as long as the requirements aren't outrageous, we can deliver technically a NXTcoins that works for him

When I say "we", the NXTcoins dev team is currently just me and I am stretched a bit thin. However it does tie into multigateway and NXTcash, so there is a lot of leveraging of shared code and server resources.

The goal of NXTcoins is to make it easy for anybody to create a new coin. They can concentrate on what differentiates their coin without worrying about bootstrapping a network secure from 51% attack, or even getting a decentralized blockchain.

I am on track to complete the core for the NXTcoins in March, but remember, I dont do any GUI or website stuff and it would really be cool to have a NXTcoins.biz website where people can point and click there way to a new coin. It would create a config file that describes the properties of the coin (within the currently supported feature set) and allow people to put in their custom code. This would get submitted to a NXTcoins quality control team who will make sure it is all kosher and we update the realtime monitoring of AE balances in the nodecoins. I think a reasonable fee would be 1% of coins mined for the customization and 1% for servers. They could always setup their own servers if 2% fee is too much, but I really need to find a way to pay for all my servers as I cant subsidize it for NXT use forever.

James

[/quote]

NXTcoin sounds sweet James; and 2% , in my opinion is too low. You do all of this work to help to create this opportunity for everyone, you should enjoy it some for yourself. "jl777 Enterprises" has a nice ring.

[Lohoris]

Pinarello how are things standing in the eMunie area? Are you still following them?

No I dont support emunie, and dont follow them. honestly I am against emunie cos it just a ltd company

I also was concerned about this, considering you still have their logo as avatar.

[Lohoris]

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to?

I think it makes exactly ZERO sense, for such a currency.
Totally clueless about why do people want it.

[gs02xzz]

For future Core Dev team;
I'd recommend; Chuckone, wesleyh, zahlen, ricot, gimre, ImmortAlex, CIYAM, BloodyRookie, Jaguar0625.  We'll need to offer a significant amount of NXT for 3 months of work.  I would suggest 250k Nxt for each member from unclaimed.  

- this!

Those top founders have to pay for it though some of them have been doing a great job so far. But some haven't been actively involved yet. You don't see a company (even decentralized) can be successful without the involvement of all the top founders. It is simply their duty to do so.

[Damelon]

For future Core Dev team;

I'd recommend; Chuckone, wesleyh, zahlen, ricot, gimre, ImmortAlex, CIYAM, BloodyRookie, Jaguar0625.  We'll need to offer a significant amount of Nxt for 3 months of work.  I would suggest 250k Nxt for each member from unclaimed.  

Well, the NXTtechfund already has a topic to vote on, now 

[Jerical13]

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to?

I think it makes exactly ZERO sense, for such a currency.
Totally clueless about why do people want it.

Marketing. There are so many people who complain about the lack of profit of POS. The thought of "pooling" smaller accounts into an account that could compete with the really large NXT accounts to Forge is an attempt to woo these people.

[msin]

Than say what you think and dont let us guesse.

We need more core devs.

Exactly this.
A big project like NXT should at least have 5 active core developers for the next months.
Hoarders should pay up if they want their NXT to become worth anything.

Don't we have unclaimed funds for this?  To say that Hoarders should pay up isn't productive.  We need a budget, list of developers, timeline, etc..  Perhaps you can organize this Uniqueron?

For future Core Dev team;

I'd recommend; Chuckone, wesleyh, zahlen, ricot, gimre, ImmortAlex, CIYAM, BloodyRookie, Jaguar0625.  We'll need to offer a significant amount of Nxt for 3 months of work.  I would suggest 250k Nxt for each member from unclaimed.  

A few of these people (Jaguar0625, gimre, BloodyRookie, more?) are involved with NEM. They won't have time to work on two project, so they should be out of the list

Yeah, never hurts to ask

[zorke]

Crypto Audit underway, will be completed in about a week, will give more details and release notes when finished.

+10

A big project like NXT should at least have 5 active core developers for the next months.
Hoarders should pay up if they want their NXT to become worth anything.

+10


edit: Damn, guys, girls, early birds. The ones who were 'lucky' to get on the train so early in november. I would so fucking spent at least half of my NXT for all the shit what needs to get done if I were you. It is about the dimension of your NXT bag. Nothing more. It's like O(2*N^10) = O(N^10). No one cares about the "2". So contribute to it and you will be happier than ever.

+1

[msin]

For future Core Dev team;
I'd recommend; Chuckone, wesleyh, zahlen, ricot, gimre, ImmortAlex, CIYAM, BloodyRookie, Jaguar0625.  We'll need to offer a significant amount of NXT for 3 months of work.  I would suggest 250k Nxt for each member from unclaimed.  

- this!

Those top founders have to pay for it though some of them have been doing a great job so far. But some haven't been actively involved yet. You don't see a company (even decentralized) can be successful without the involvement of all the top founders. It is simply their duty to do so.

You can't make a plan assuming that any stakeholder will give 1 Nxt of their own to the dev team.  In my opinion, having a strong core is critical, and we should allocate 2Mil Nxt from unclaimed to pay for the team.