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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2760179 times)
ImmortAlex
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March 05, 2014, 04:13:04 PM
 #40581

We'll need pooled forging in the future when switch to 1000 tps mode.

What for?
Seems like I understand idea of PF wrong...
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mcjavar
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March 05, 2014, 04:13:09 PM
 #40582

+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?

Didn't test it.

It looks very sexy and is very easy. It installt everythinbg for you and opens up the webui. Very cool stuff. And it is only 0.5Mbyte.

Is this only Win?

Yes. Please check it out:

https://nextcoin.org/index.php/topic,1902.0.html
bitcoinpaul
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March 05, 2014, 04:13:13 PM
 #40583


I would like to stick to the webui. I somehow like it.

Worst marketing idea ever Grin

Why is the webui of wesleyh a bad idea?
That could be the interface for the stanradr user.
And for the other users there are other very cool clients that support messaging, AE and everything else one can need.

It seems I didn't understand chuckone. I thought he wanted to keep the old one...
Mistafreeze
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March 05, 2014, 04:14:08 PM
 #40584

+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?

Didn't test it.

It looks very sexy and is very easy. It installt everythinbg for you and opens up the webui. Very cool stuff. And it is only 0.5Mbyte.

Is this only Win?

Yes.

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bitcoinpaul
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March 05, 2014, 04:14:38 PM
 #40585


We need Win & Mac.
mcjavar
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March 05, 2014, 04:14:43 PM
 #40586


I would like to stick to the webui. I somehow like it.

Worst marketing idea ever Grin

Why is the webui of wesleyh a bad idea?
That could be the interface for the stanradr user.
And for the other users there are other very cool clients that support messaging, AE and everything else one can need.

It seems I didn't understand chuckone. I thought he wanted to keep the old one...

Or maybe I misunderstood him. Anyway, the old ui must go, and we already have a new one Smiley
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March 05, 2014, 04:16:42 PM
 #40587

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



Don't forget to vote on what should btc38 add Smiley
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March 05, 2014, 04:17:09 PM
Last edit: March 05, 2014, 04:28:28 PM by igmaca
 #40588

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, ...).

TEXT



Why do you always overwhelm the community with so much text?

And why do you post my text Grin

I don't get your idea, or I get it. I don't know.

Instead of leasing forge power, 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, ...). Could this be done with AT and would that make sense?

sorry  Wink, because in my humble opinion all the explanation resolves this

http://bitcoinmagazine.com/10829/impossible-trinity-security-environment-protection-decentralization/

.....

Here I propose a ternary paradox, that the natures of decentralization, security and environment protection constitute an impossible trinity. (Graph 2) A crypto-currency which is both environmentally-friendly and secured would definitely need to be centralized, like PPcoin, Nextcoin and Ripple. These coins either contain aspects of centralized structure, or their decentralized structure is not sustainable, with a Paypal-like centralized verification mechanism. A crypto-currency which is both environmentally-friendly and decentralized would be unsecured, like P2P currencies of ‘one-IP-address-one-vote,’ which are already excluded by Satoshi. He believed that if the majority were based on ‘one-IP-address-one-vote,’ it could be subverted by anyone able to allocate many IPs.5 If one designs a secured decentralized currency, it must come with the cost of consuming energy and calculation power. PoW is the first solution to construct a verification system in the form of decentralization, and will probably be the only one.


with share fee pools this not occurs.

Extremely decentralized network (in the exemple 30.000 Nodes but in reality will be many more) 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!!!!
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March 05, 2014, 04:19:13 PM
 #40589

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.

As long as the big account holders dont pool their forging, it seems LIKE A SERIOUS RISK

However, if we had nodecoin, that would let the small accounts gain daily rewards that they can see. I think that is what most people want to see. We can then just put in bids in AE for nodecoin so that it is actually worth NXT

Instead of pooled forging, can you port over multisig? That is much more important than pooled forging, since there are alternate solutions for that. Multisig is pretty fundamental.

James

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March 05, 2014, 04:21:31 PM
 #40590

What for?

Not everyone can process 1000 tps.
abuelau
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March 05, 2014, 04:22:43 PM
 #40591

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.

As long as the big account holders dont pool their forging, it seems LIKE A SERIOUS RISK

However, if we had nodecoin, that would let the small accounts gain daily rewards that they can see. I think that is what most people want to see. We can then just put in bids in AE for nodecoin so that it is actually worth NXT

Instead of pooled forging, can you port over multisig? That is much more important than pooled forging, since there are alternate solutions for that. Multisig is pretty fundamental.

James

FIFY


For the stakeholders pooliing their NXT: The API for forging rights should have this hardcoded. No account can have more than, say 10% of total forging power associated to it.

Know what's happening in cryptoworld: www.coinschedule.com
abuelau
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March 05, 2014, 04:23:58 PM
 #40592

What for?

Not everyone can process 1000 tps.

So the node that has the account that received forging power process more TX? Hmm... I hadn't though about this! This means that whoever is receiving forging power will spend more money with hardware that can handle all the TX. How do we know if this will ROI?

Know what's happening in cryptoworld: www.coinschedule.com
bitcoinpaul
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March 05, 2014, 04:24:39 PM
 #40593

What for?

Not everyone can process 1000 tps.

Before people shout "Nxt will never come to 1000 transactions per second in the next months/years", don't forget that Nxt is more than a currency. What people will do with it... we don't know yet.
pinarello
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March 05, 2014, 04:26:48 PM
 #40594

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?

It is open source and yes it is necessary for average Joe.

It is the only thing of holding us to go out and promote NXT properly

brooklynbtc
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March 05, 2014, 04:27:43 PM
 #40595

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.

Alright. We shouldn't let this be the second Mintpal disaster.

I think we will win this vote, so we have to prepare ourselves.

BTC38 is very important.

Mintpal wasn't a disaster. They proved they are jokes. They want to make money off the busiest coins, without doing any work to understand or support the community.
BTC38 seems a more serious site, but it's not like the bad old days of DGex and no one else. We have 5 markets trading NXT now, and we're doing fine.

Markets need products to buy. These exchanges NEED NXT.  

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March 05, 2014, 04:28:26 PM
 #40596

+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?

Didn't test it.

It looks very sexy and is very easy. It installt everythinbg for you and opens up the webui. Very cool stuff. And it is only 0.5Mbyte.

Is this only Win?

Yes. Please check it out:

https://nextcoin.org/index.php/topic,1902.0.html


When the download is complete the installation wizard says "SHA-256 Checksums don't match!. Exiting the setup"

Is everybody having this problem? Thanks!
Fatih87SK
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March 05, 2014, 04:31:04 PM
 #40597

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.

Alright. We shouldn't let this be the second Mintpal disaster.

I think we will win this vote, so we have to prepare ourselves.

BTC38 is very important.

Mintpal wasn't a disaster. They proved they are jokes. They want to make money off the busiest coins, without doing any work to understand or support the community.
BTC38 seems a more serious site, but it's not like the bad old days of DGex and no one else. We have 5 markets trading NXT now, and we're doing fine.

Markets need products to buy. These exchanges NEED NXT.  

I know mate. We don't need Mintpal.

BTC38 on the other hand can give NXT a new boost.

pinarello
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March 05, 2014, 04:33:12 PM
 #40598

What for?

Not everyone can process 1000 tps.

please stop talking about 1000 tps, it is wishfull thinking from BCNext.

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March 05, 2014, 04:33:38 PM
 #40599

+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?

Didn't test it.

It looks very sexy and is very easy. It installt everythinbg for you and opens up the webui. Very cool stuff. And it is only 0.5Mbyte.

Is this only Win?

Yes. Please check it out:

https://nextcoin.org/index.php/topic,1902.0.html


When the download is complete the installation wizard says "SHA-256 Checksums don't match!. Exiting the setup"

Is everybody having this problem? Thanks!

I just downloaded it from the link and tried it with no issue...maybe the zip got corrupted during the download?

Have you tried it again?

█████
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█████
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IDEAS THROUGH
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pinarello
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March 05, 2014, 04:35:14 PM
 #40600

Call for more java developers:

We need more developers to help work on the core! CFB is leaving in 1 month and we can't just have Jean-Luc do everything.

Is anyone here qualified to help?

First possible feature that could be done, (talked about it with CFB), is adding a category field to Arbitrary Messages. This will allow us a lot of extra functionality, like decentralized stores, reputation system and so on. It should not be too hard to add this extra field. Is anyone up to the job? Unfortunately I do not know java myself.

If others have suggestions for Nxt, please make Nxt improvement proposals. See here for more info: http://www.thenxtwiki.org/wiki/NIP:Nxt_Improvement_Proposals

It appears the NIP process is not yet complete, we need a contact person or a simple method of allowing anyone to add NIP's.



About NIP(Nxt_Improvement_Proposals) procedure, I think NXTtechdevfund Committee should decide.

Correct me if I'm wrong!

+1 this is pure DEV dicisions so they can make the procedure.

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