NXT :: descendant of Bitcoin - Updated Information

[bitcoinpaul]

James is a machine.

[Damelon]

James is a machine.

[jl777]

[NXTmixer announcement]
...

I think I am too dumb to understand it. But if it is working, than is it something you deserve some bounty for! Respect!

I am concerned that there is some information leaking, but I am too close to it to see. Earlier, I had a much more complicated setup where there was nesting of encryption and each node was able to randomly pick another node to decrypt the first layer and forward it onto the mixer if it was valid.

But all of that back and forth still had the problem of transferring funds from one account to another without being traced by IP packet sniffers.

I simplified it to its essence and I think the ability to specify a payment account and a deposit acct inside encryption is the key. Now, even with an IP packet sniffer watching and correlating the blockchain, you can route payments you get anywhere, without a trace that I can think of. If there was a service that circulated your own funds to you, then you would have an assured supply of anonymous payments you can make.

The cool thing is that this combines very cleanly with the NXTcash step Z. That is where you teleport funds into an account using a public wifi, so there is no trace to you. However, its kind of inconvenient to have to go to Starbucks everytime you want to access the private acct. I think that problem was simmering in my subconscious and what came out was NXTmixer, which needs as input a payment acct.

James

Edit: usually centralization is a big negative, but in the case of mixing NXT, it is the ultimate eraser of previous owners. unlike bitcoins txouts that let you trace back the full lifetime of spending, NXT is just a number and has no past history.

[mcjavar]

[NXTmixer announcement]
...

I think I am too dumb to understand it. But if it is working, than is it something you deserve some bounty for! Respect!

I am concerned that there is some information leaking, but I am too close to it to see. Earlier, I had a much more complicated setup where there was nesting of encryption and each node was able to randomly pick another node to decrypt the first layer and forward it onto the mixer if it was valid.

But all of that back and forth still had the problem of transferring funds from one account to another without being traced by IP packet sniffers.

I simplified it to its essence and I think the ability to specify a payment account and a deposit acct inside encryption is the key. Now, even with an IP packet sniffer watching and correlating the blockchain, you can route payments you get anywhere, without a trace that I can think of. If there was a service that circulated your own funds to you, then you would have an assured supply of anonymous payments you can make.

The cool thing is that this combines very cleanly with the NXTcash step Z. That is where you teleport funds into an account using a public wifi, so there is no trace to you. However, its kind of inconvenient to have to go to Starbucks everytime you want to access the private acct. I think that problem was simmering in my subconscious and what came out was NXTmixer, which needs as input a payment acct.

James

Edit: usually centralization is a big negative, but in the case of mixing NXT, it is the ultimate eraser of previous owners. unlike bitcoins txouts that let you trace back the full lifetime of spending, NXT is just a number and has no past history.

Could anyone validate this solution? Tech guys?

[Fatih87SK]

Before we do any marketing we should know what the charasteristics are of NXT. Who are we? What are our visions etc.

In this picture you can see examples of brands who are keep playing the same game all the time.



For example I put Dogecoin at a place where they belong and where they are doing a good job;





Now... Where doo you think NXT belongs to?

Personally I think we belong to the "Investigative brand" like The North Face at the first picture. They also like investigating stuff to bring the best product at the market.

This is their Prezi presentation about their brand. Look at it and you will learn how branding works and you see how fun it is presenting with Prezi; http://prezi.com/dhwtijvukjtm/north-face-brand-analysis/

So what we have to do is;

1. Who are we?
2. What are our brand benefits?



3. What does the public think about us.
4. Does it match how we think about ourself?
5. No? Fix it!
6. Show the mass who we are.


7. Always be yourself and don't change your game;

[Come-from-Beyond]

James is a machine.

I want this thing that he smokes too.

[Damelon]

Creational brand.

Hands down, for me.

[jl777]

James is a machine.

I want this thing that he smokes too.

What do you think of NXTmixer? Let us assume we can ignore quantum computers that can peek inside the encrypted data. With everybody broadcasting, there is no time based correlations. I could even make it so everybody has to send the same multiple of 100NXT, but I dont think that is necessary.

What am I missing? I couldnt have come up with a working mixer in a day?!

James

[middlepath]

People want to hear confident leaders on a stage.
People want to hear confident leaders  on a stage.
People want to hear confident leaders  on a stage. 

Well, rickyjames, I think you are a pretty confident guy, do you want to be also a leader on a stage?  

You know, I tried repeatedly to get on a stage to pitch NXT.   It's pretty clear that Paul Snow, the organizer of the conference, politely kept that from happening, altho he put me on an altcurency panel that he headed and ran quite well.  

The problem with putting a guy from NXT on a stage at this point is the current disconnect of the NXT group from the dev team master plan.   We need to get that straight before we go putting people on stage.  Are we a spendable coin?  Are we a Ripple?  Are we a science project?

The only way this issue will get resolved is if any of the big holders actually start hiring developers. WE NEED DEVELOPERS.
This community is SO centralized at the moment that we're 1 month from total collapse

Totally false.  We have 10M unclaimed Nxt to pay for developers.  Don't assume any stakeholder will donate 1 Nxt, that is a huge mistake and the wrong direction to take.  Failure of Nxt will have nothing to do with Stakeholders at this point.  We need to encourage Stakeholders to contribute any way they can, constantly berating them on this thread will only push them into hiding more.  Guys like Pouncer, Klee, etc.. have contributed great amounts to help us and BCNext has gifted us with 10M Nxt to use.  That is an incredible amount and we should all be thankful.

Well said,msin. Totally agreed!

[jkoil]

   Total: Fee earned 701996 NXT   
6483973064837388393 has mined 163299 NXT.
The 2nd is     4747512364439223888    with 101830 NXT.
In the table below is the top "miners" and their cumulative NXT amount and cumulative percentages.


In the forum was yesterday a nxt balance distribution: top100 has 82.7%
https://bitcointalk.org/index.php?topic=345619.msg5034054#msg5034054
 
In mining/forging the distribution is worse: 4 accounts have mined 56.7%, 28 accounts have mined 90%, and 98 accounts 99% and 400 accounts 100%.



    Fee Earned       %                     TOP accounts
    cumulative  cumul.

   163163    23.2                6483973064837388393
   253458   36.1                4747512364439223888
   334469    47.6                12692935506199079028
   398066    56.7                9433259657262176905
   433008     61.7                2159498187382012684
   458350     65.3                2584657662098653454
   480373     68.4
   501797     71.5
   516684     73.6
   528616     75.3
   540357     77.0
   551740    78.6
   562741    80.2
   571905    81.5
   579116    82.5
   585703    83.4
   591579    84.3
   597233    85.1
   602481    85.8
   606923    86.5
   610916    87.0
   614900    87.6
   618815    88.2
   622026    88.6
   625180   89.1
   628267   89.5
   631337   89.9
   634377    90.4





Is that 6483973064837388393 some special account?
 it has had at maximum ~ 3 Million NXT, but it has earned fees almost double than those 50 Million's accounts.

Total: Fee earned 784334 NXT   :     82000 NXT more than in 11th Feb 
                                                      (is that increase possible? - otherwise some data error).


Cumulative % of
fee earned, starting from TOP1
        20.8
        34.3
        44.6
        53.4
        57.8
        61.9



TOP's share is smaller than earlier.
In mining/forging the distribution is now:
4 accounts have mined 53.4% (less than before),
28 accounts have mined 88% (less),
and 98 accounts 97.9% (less) and
590 (more) accounts has forged 100%   i.e. 590 accounts has got some fees.


Something has made the distribution "better" ...  

7th Mar 2014
Total: Fee earned  801279 NXT   :     16000 NXT more than in 20th Feb  
                                                    

Cumulative % of
fee earned, starting from TOP1
        20.4
        34.1
        44.2
        52.8
        57.2
        61.3


TOP's share is smaller than earlier.
In mining/forging the distribution is now:
4 accounts have mined 52.8 % (less than before),
28 accounts have mined 87.4 % (less),
and 98 accounts 97.7 % (less) and
658 (more) accounts has forged 100%   i.e. 658 accounts has got some fees.


So ... distribution is going on, but very slowly.

[mcjavar]

...

I think we belong to the crational part.

[Come-from-Beyond]

I decided to use my right not to follow BCNext's orders that I don't like (it's allowed by the contract).

I think we should sort out important things like TF, discuss BCNext's ideas and then decide if we want to implement them (Account Control particularly). No need to stick to the plan, IMHO. I'll wait for the 3rd (last) part.

[zorke]

People want to hear confident leaders on a stage.
People want to hear confident leaders  on a stage.
People want to hear confident leaders  on a stage. 

Well, rickyjames, I think you are a pretty confident guy, do you want to be also a leader on a stage?  

You know, I tried repeatedly to get on a stage to pitch NXT.   It's pretty clear that Paul Snow, the organizer of the conference, politely kept that from happening, altho he put me on an altcurency panel that he headed and ran quite well.  

The problem with putting a guy from NXT on a stage at this point is the current disconnect of the NXT group from the dev team master plan.   We need to get that straight before we go putting people on stage.  Are we a spendable coin?  Are we a Ripple?  Are we a science project?

The only way this issue will get resolved is if any of the big holders actually start hiring developers. WE NEED DEVELOPERS.
This community is SO centralized at the moment that we're 1 month from total collapse

Totally false.  We have 10M unclaimed Nxt to pay for developers.  Don't assume any stakeholder will donate 1 Nxt, that is a huge mistake and the wrong direction to take.  Failure of Nxt will have nothing to do with Stakeholders at this point.  We need to encourage Stakeholders to contribute any way they can, constantly berating them on this thread will only push them into hiding more.  Guys like Pouncer, Klee, etc.. have contributed great amounts to help us and BCNext has gifted us with 10M Nxt to use.  That is an incredible amount and we should all be thankful.

Well said,msin. Totally agreed!

I completely agree, 10 M is a lot and what better way to spend them than on developers. I said this same thing a day or two ago about our official client. Let's spend these 10M wisely. If we were thinking like this in January we would have had a client at this moment.

[mcjavar]

I decided to use my right not to follow BCNext's orders that I don't like (it's allowed by the contract).

I think we should sort out important things like TF, discuss BCNext's ideas and then decide if we want to implement them (Account Control particularly). No need to stick to the plan, IMHO. I'll wait for the 3rd (last) part.

What is the plan we are not sticking to?

[zorke]

James is a machine.

+1

[Come-from-Beyond]

What is the plan we are not sticking to?

BCNext's one.

[mcjavar]

What is the plan we are not sticking to?

BCNext's one.

But what is that, exactly?
What is the content of it?

[salsacz]

What is the plan we are not sticking to?

BCNext's one.

http://www.youtube.com/watch?v=Xti9O4yLu1k&feature=youtu.be&t=0m27s

[Come-from-Beyond]

But what is that, exactly?
What is the content of it?

https://bitcointalk.org/index.php?topic=364218.0
https://bitcointalk.org/index.php?topic=458036.0

[zorke]

Guys what about the distribution?
Somebody was revealing top 60 accounts holdings spreadsheet a month ago for a week or so. Did the distribution change any since? It is well obvious that we have whales unloading and keeping the price down for last couple of weeks.
It would be interesting to see these distribution numbers at the moment.