NXT :: descendant of Bitcoin - Updated Information

[salsacz]

Well looks like the vote for btc38 was all for nothing

Fun's over people
https://twitter.com/btc38news

A chinese scamcoin (YuanBaoCoin) that wasn't even on this list and two other scam coins (BillionCoin/RieCoin) were added instead.

patience..

[lyynx]

here are our deleted wiki sites:

https://en.wikipedia.org/wiki/Wikipedia:Articles_for_deletion/Nxt#Nxt

https://en.wikipedia.org/wiki/Nxt

A little suggestion, outsource. In the past years, i have found fiverr to be a valuable resource to PR and Marketing. From videos, graphics, seo and so on, all starting at $5 whole dollars.

Here's someone with wiki experience, http://www.fiverr.com/reviews_amazon/edit-your-wikipedia-page--2

[allwelder]

What about recently news BTC-E adding Nxt?

[leetrump]

What about recently news BTC-E adding Nxt?

CBF can contact them
btc-e is important than btc38

[jl777]

Coinpayments is closing down: https://www.coinpayments.net

What was this site for?

Processing bitcoin payments. USA's FinCen says they have authority over bitcoin and any company that touches it is a money transmitter. Now bitcoin is as troublesome as fiat in America. Isnt America nice

So, now you need at least $5 million to operation in USA, before you can even start. maybe you can choose a few states to lower the compliance cost, but every state has their own rules, add the federal stuff on top and the war on bitcoin escalates.

James

Do you have a source for this? I'd like to read up.

http://bitcoinmoney.com/post/8412471372/fincen-prepaid-access-final-rule
"Identifying information includes the customer’s name, date of birth, address and identification number. Sellers must retain this information for five years from the date of sale.
The records must be easily accessible and retrievable upon request from FinCEN, law enforcement or judicial order."

What this means is that all bitcoin addresses will be linked to a real world person and address
What that means is that bitcoin loses all anonymity
What that means is that bitcoin will let EVERYBODY see everything you spend money on

NXTmixer and NXTcash anybody?

James

[jl777]

Coinpayments is closing down: https://www.coinpayments.net

What was this site for?

Processing bitcoin payments. USA's FinCen says they have authority over bitcoin and any company that touches it is a money transmitter. Now bitcoin is as troublesome as fiat in America. Isnt America nice

So, now you need at least $5 million to operation in USA, before you can even start. maybe you can choose a few states to lower the compliance cost, but every state has their own rules, add the federal stuff on top and the war on bitcoin escalates.

James

Do you have a source for this? I'd like to read up.

http://www.fincen.gov/

Read especially:

http://www.fincen.gov/news_room/testimony/html/20140220.html

FinCEN getting involved in cryptocurrency is a huge blow to Bitcoin in the US and NXT as well.   If NXT implements NXTcash as a truly anonymous transfer service, we can expect FinCen to arrest James as a terrorist.

I am only partially joking.

will I get internet access from jail?

[salsacz]

buybitcoinscanada: I can do a wiki and Joefox too Lets wait few hours and then I will transform it in a better form. But this page will probably die, because Nxt is not a coin and even a currency. It is a platform. In the past there was no chance to stay there because we had zero external sources...

[Anon136]

So I started a Wikipedia entry for NXT.

It's titled NXT Coin and here's the link for whoever would like to contribute information to it:

https://en.wikipedia.org/wiki/Wikipedia_talk:Articles_for_creation/NXT_Coin

I will continue to edit and add information, I have little time today so I'd figure a start is good for now.

It's just nxt. no coin.

[msin]

I didn't understand what buyer/seller verified means.

What I mean is that when you are leaving feedback via AM, you will be required to enter a Tx id, where the sender (buyer's) account must match your account # and the receiving account must match the account where you are sending the feedback AM (the sellers account).  If those match up, the feedback is sent via AM.

I'm wondering if escrow/reputation is the best model for the SR type use case, and if there could be an alternative model.
Would the names of products and quantities sold be publicly available on the blockchain? Somehow I think this will draw unwanted attention.

Nothing would show up on the blockchain except the amounts of Nxt and the public feedback, all other messages would be encrypted.

How would disputes be resolved?  Outsiders can't know if the seller has sent the product. Either the seller or buyer can try to scam.

With Escrow AT, you would send your Nxt to seller via AT, at which point the Nxt is committed and you have two choices, release the funds to the seller or release the funds to the genesis block or charity (whereas neither party would benefit).  You wouldn't have the choice to get them back and the seller wouldn't have incentive to scam you since the funds would go elsewhere if you don't get your product.

Seller can sell to himself and give good feedback.

Yes, but they would have to go through the trouble of sending Nxt, leaving feedback, and it would all be traceable, and there would be no purpose with Escrow AT.

So this is a burn escrow, which doesn't need outsiders to resolve disputes. And it doesn't use the asset exchange, because sales are not public.

I didn't understand how the buyer finds the sellers and the products to be sold.

That is what we need to work on, a decentralized market.  Personally I would prefer a torrent style file that downloads a marketplace to your client where it would be viewable.  The marketplace could be hosted on several seeding/forging machines.

[jl777]

Does anybody know how to tell if a AE transaction happened by looking at the transactions in the blocks?
I am seeing bid and ask offers, but there doesnt seem to be a way to tell if a trade happened just by looking at the transactions

It would be nice to not have to do a getTrades call for each asset, since I am already looking at each transaction in each block.

James

[msin]

@CFB/JLC How hard would it be, to implement, that a node can only effectively forge with 1.000.000 NXT? Meaning that if you have 5  accounts with 200.000 you can run them on one node, but if you have 1 account with 2.000.000 NXT you will need to open that account on two nodes to fully get the forging power?

I've always liked this idea.  Large Nxt holders don't really care about forging, they will make their money with their holdings.  This would also encourage large holders to run multiple nodes.  It levels the playing field for those under 1M.

I was asking this question over and over again and have not received any answer, yet:

How do you prove that you run your account on a different node?

You limit forging to 1mil Nxt per node, or am I missing something.  Regardless a change in forging may prove difficult if changed in Nxt core.

[salsacz]

Nxt Decentralized Internet video - alfa version:
http://youtu.be/RtTWUwRL9mQ

(created between 20 Feb-8 March)

I would be very grateful for any comments and suggestions. It still needs some time, but it already can be commented

Based on the paper:
http://justpaste.it/decentralized-internet
(created between 12-18 Feb)

And good night, its almost 6 AM here

[Sebastien256]

Concerning account control.

What if we only can lease a maximum of 50% of our nxt forging power (or x% amount)? This would help get a low standard deviation for forging fee while if someone want its full forging power for all his nxt, he would still have to run a node.

what are thought about that?

[shoichikun808]

https://bitcointalk.org/index.php?topic=506298.0

Did anyone see this yet?...hopefully nobody has easy to know passwords...

[btc2nxt]

If Etherium is such a big deal and the community is more important than the technical advantages, why does Nxt has 2160 pages and Etherium only 74 pages on Bitcointalk.org?

Ethereum is 2 advocacy guys project, Nxt is 1000 random guys project

+1440

[User500]

Is in NXT the possibility of the difference of light and full nodes like in bitcoin given?

This is could be a major step to increase tps

[jl777]

Is in NXT the possibility of the difference of light and full nodes like in bitcoin given?

This is could be a major step to increase tps

Yes it is possible and we will probably need this for full rollout of NXTmixer

[CIYAM]

What if we only can lease a maximum of 50% of our nxt forging power (or x% amount)? This would help get a low standard deviation for forging fee while if someone want its full forging power for all his nxt, he would still have to run a node.

You are assuming it was "part of the plan" to have a very large number of people running nodes.

The "plan" as far I as understand it now was to have a relatively small number of "super nodes" controlling the network.

The vision of Nxt is/was really to compete with Ripple rather than with anything else.

[Fern]

If Etherium is such a big deal and the community is more important than the technical advantages, why does Nxt has 2160 pages and Etherium only 74 pages on Bitcointalk.org?

Ethereum is 2 advocacy guys project, Nxt is 1000 random guys project

+1440

As long as a thousand guys contribute something.

[Uniqueorn]

If Etherium is such a big deal and the community is more important than the technical advantages, why does Nxt has 2160 pages and Etherium only 74 pages on Bitcointalk.org?

Ethereum is 2 advocacy guys project, Nxt is 1000 random guys project

This is naive as hell... Ethereum got so much more influence than you even want to know