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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756263 times)
marcus03
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March 08, 2014, 09:04:18 AM
 #41841

... the community/early adopters should find a way to cover his (and the other core devs) expenses.
My personal opinion is that 1/3 of unclaimed funds should go for audit/whitepaper, 1/3 for core devs and 1/3 for marketing.
- agree 100% !  No infrastructure committee needed.

Brilliant point in time to start a discussion about the need for infrastructure committee ...  Roll Eyes

In my opinion, not seeing the need for an infrastucture commitee, just because there are right now more pressing issues is extremely short-sighted.

Do we have a good idea about the NXT network?
How many stable nodes do we have? Who operates them and how are they being paid for? Will these nodes still exist in 3, 6, 12 months?
Do we have enough public nodes?
Does anyone remember when we were DDOSed? Are we in danger? How will we react in the future?
Do we have a good testnet to support developers? Long-term? Can we reset the blockchain at community will and still have a stable testnet?
What changes are necessary in the core to make nodes run more effectively and lower the amount of network data?
What changes are necessary in the core to let people run nodes on low tech hard hardware (e.g. solar powered RaspberryPi's - think marketing)


The day will come that NXT will have a NXT infrastructure problem and everyone will cry and scream...

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BrianNowhere
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March 08, 2014, 09:05:44 AM
 #41842

I have put a lot of hours in NXT but donations are disappointing. Sad


Won't you be happy when the price goes up?  That's why I take a lot of time to help new users, promote NXT on the internet, talk to people about it and giving people NXT to open new accounts. There are people here far more deserving of donations than me. I do it because I hope my actions will help spread the word and make my investment grow.

I do throw NXT at people when I'm impressed by an action but there's a lot of impressive actions and I only have so much NXT.

I never donate when someone begs though.

NXT: 4957831430947123625
abctc
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March 08, 2014, 09:06:47 AM
 #41843

How do you prove that you run your account on a different node?
- by providing different hallmarks for different nodes.

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, the Next platform.  Magis quam Moneta (More than a Coin)
2Kool4Skewl
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March 08, 2014, 09:12:24 AM
 #41844

Quote
If people are upset that they aren't receiving more NXT, they need to purchase more NXT.  NXT is the equivalent of a non-depreciating mining asset.

If people are upset that they aren't receiving more NXT, they might decide to purchase more Ether (or whatever).

Ok.  That's their choice.  IMO, a bad one.

Quote
If small NXT holders don't forge, it's not a big deal because they don't control enough of the currency to matter.  They only lose out.

Is there a mathematical known ratio regarding this? ie: For every 10 users 1 needs to be forging?

If a significant number of users can keep their clients locked without it being a problem then I am satisfied. I would do it for free.

It depends on how much currency they control.  NXT is currently susceptible to 51% currency attacks because TF isn't fully implemented yet.  If someone is able to control 51% of the currency currently forging, they can attack NXT.

 
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Emule
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March 08, 2014, 09:14:18 AM
 #41845

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

NXT will be ADDED NEXT 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


Good news NXT is added. you can buy and sell NXT for fiat here:


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

a second gateway to gold and silver will be added next week:

http://www.bitgild.com/


I have put a lot of hours in NXT but donations are disappointing. Sad


NXT: 12088507821025750338


i do not see complaints from Mr salsa with his 40K/month you should ask that  Cheesy
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March 08, 2014, 09:15:12 AM
 #41846

It's interesting seeing all these Ayn Rand loving libertarian types getting upset over ego issues, hurt feelings and personal squabbles .

To me it's interesting that anyone actually bothers to read all of Atlas Shrugged (the only book of hers I read). I did try to but ended up skipping over pages (of diatribe) as I found it more tedious reading that stuff than it is for me to spend a week of debugging to find a misplaced comma in source code.

Cheesy


I read somewhere that Anton Lavey wrote his Satanic Bible by basically taking Ayn Rand's philosophy of Objectivism and adding ceremony to it. I do not understand the appeal but it's had quite an effect on many people currently in power. Alan Greenspan cites it as a huge influence.

NXT: 4957831430947123625
antanst
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March 08, 2014, 09:15:24 AM
 #41847

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.

Ok, here's the current NXT distribution as of today.



As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:


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March 08, 2014, 09:17:30 AM
 #41848

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.

Ok, here's the current NXT distribution as of today.



As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:



WTF!

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March 08, 2014, 09:17:52 AM
 #41849

It's interesting seeing all these Ayn Rand loving libertarian types getting upset over ego issues, hurt feelings and personal squabbles .

To me it's interesting that anyone actually bothers to read all of Atlas Shrugged (the only book of hers I read). I did try to but ended up skipping over pages (of diatribe) as I found it more tedious reading that stuff than it is for me to spend a week of debugging to find a misplaced comma in source code.

Cheesy


I read somewhere that Anton Lavey wrote his Satanic Bible by basically taking Ayn Rand's philosophy of Objectivism and adding ceremony to it. I do not understand the appeal but it's had quite an effect on many people currently in power. Alan Greenspan cites it as a huge influence.

Anyone that considers Ayn Rand a great philosopher is a light weight intellectually.
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March 08, 2014, 09:21:23 AM
 #41850

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.

Ok, here's the current NXT distribution as of today.



As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:




 Cheesy Cheesy Cheesy

and watch when that 85% is running to the exit (which they eventualy will do soon), omg that door will be much to small! Cheesy
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March 08, 2014, 09:22:02 AM
 #41851

funciton test Level-1,contain 8 test cases
Purpose:   Issue Asset- Level 1
Prereq:   secretphrase,balance
Test Data:   balance = {0, <1000, 1000,>1000}
name len(0,1,2,3,4,5,6,7,8,9,10,11,100)
quantity=(-1,0,0.1,1,100,1000,100000000000000000000000)
Steps:   1.   enter secrephrase
2.   enter name
3.   enter quantity
4.   click issue
5.   verify transaction is correct

Purpose:   place ask order- Level 1
Prereq:   secretphrase,asset id,asset quantity
Test Data:   assetid={other acccount issued asset,i issued asset}
balance = {0, 1, >1}
price(-1,0,1.0,>1)
quantity=(-1,0,0.1, =1, asset.quantity,> asset quantity)
Steps:   1.   enter secrephrase
2.   enter assetid/select a asset
3.   enter quantity
4.   enter price
5.   click place-ask-order
6.   verify transaction is correct or not

Purpose:   place bid order- Level 1
Prereq:   secretphrase,asset id,asset quantity,balance
Test Data:   assetid={other acccount issued asset,i issued asset
balance = {0, =quantity*price, > quantity*price }
price(-1,0,1.0,>1)
quantity=(-1,0,0.1, =1, asset.quantity,> asset quantity)
Steps:   1.   enter secrephrase
2.   enter assetid/select a asset
3.   enter quantity
4.   enter price
5.   click place-bid-order
6.   verify transaction is correct or not

Purpose:   cancel ask order- Level 1
Prereq:   secretphrase,asset ask order
Test Data:    ask order
Steps:   1.   enter secrephrase
2.   enter orderid/select a ask-order
3.   click cancel-place-ask-order
4.   verify this order is cancelled or not

Purpose:   cancel bid order- Level 1
Prereq:   secretphrase,asset bid order
Test Data:    bid order- Level 1
Steps:   1.   enter secrephrase
2.   enter orderid/select a bid-order
3.   click cancel-place-bid-order
4.   verify this order is cancelled or not

Purpose:   check asset quantity- Level 1
Prereq:   secretphrase,asset id ,asset.quantity
Test Data:   quantity=asset.quantity-1, asset.quantity, asset.quantity+1
Steps:   1.   enter secrephrase
2.   enter asset id/select a asset
3.   enter quantity
4.   place a ask order
5.   verify this order is correct or not
6.   verify quantity=your quantity.

Purpose:   place a ask order, don’t match- Level 1
Prereq:   secretphrase,bid-order
Test Data:   price < bid-order.price
Steps:   1.   enter secrephrase
2.   select a bid order
3.   enter price
4.   click place-ask-order
5.   verify transaction is correct or not
6.   verify balance=balance-fee
7.   verify your asset quantity= your asset quantity -quantity

Purpose:   place a bid order, don’t match- Level 1
Prereq:   secretphrase,ask-order
Test Data:   price < ask-order.price
Steps:   1.   enter secrephrase
2.   select a ask order
3.   enter price
4.   click place-bid-order
5.   verify transaction is correct or not
6.   verify balance=balance-quantity*price-fee
7.   verify your asset quantity don’t change

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March 08, 2014, 09:22:42 AM
 #41852

No it directly critized Justabit and Nifty and portrayed them as working for this charity. They aren't working for this charity at all, they used it as a marketing tool. Back in December we sent JustaBit and Nifty to the Bitcoin conference in Miami where they made a lot of connections and helped put NXT on the map and this is how they are to be repayed?
If someone had issues iwth it they should've taken it public, sending PMs to people to get their votes while lying is downright fuckedup.

Same strategy Salsacz used against me. He quote mined shit and said things out of context to make people uncertain about certain things, while at the same time chatting with me on Skype about the same things acting like nothing Smiley This community is far from healthy.
But I no longer give a fuck as it has become beyond evident for anyone with a average IQ

What are you going to do?  I don't think people should talk behind other peoples' backs, but people are people.  This community is just as healthy as any other community.  Some people just aren't going to get along.



This statement makes 0% sense. You can't just say "oh this community is as healthy as any other community because they are both communities!"
We're talking about shady people using disgusting strategies to get in control of the marketing fund. That's pretty bad.

I know you own a lot of NXT so you want to downplay anything that could cause NXT to implode, but ignoring reality is not the way to go. I've talked to several good founders about this and they all agree and are sick of hoarders themselves.
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March 08, 2014, 09:23:22 AM
 #41853

Level-2 bid-ask match test cases,contain 6 test cases

2-1
Purpose:    multi-bids equal 1 ask-order  Level 2
Prereq:   secretphrase,ask order
Test Data:    bid orders (1,2,3,10 bid-orders)
Steps:   1.   enter secrephrase
2.   select a ask-order
3.   place a -bid-order(quantity,price=ask-order)
4.   verify this order is correct or not
5.   verify balance=balance-quantity*price-fee
6.   verify asset=asset+quantity
7.   repeat step3 use 2,3,10 bid-orders,total quantity=askorder.quantity
8.   repeat step4,5,6, check is correct or not

2-2
Purpose:    multi-asks equal 1 bid-order  Level 2
Prereq:   secretphrase,bid order
Test Data:    ask orders (1,2,3,10 ask-orders)
Steps:   1.   enter secrephrase
2.   select a bid-order
3.   place a ask-order(quantity,price=bid-order)
4.   verify this order is correct or not
5.   verify balance=balance+quantity*price-fee
6.   verify asset=asset - quantity
7.   repeat step3,4,5 use 2,3,10 ask-orders,total quantity=bidorder.quantity
8.   repeat step4,5,check is correct or not

2-3
Purpose:    multi-bids match 1 ask-order  Level 2
Prereq:   secretphrase,ask order
Test Data:    bid orders (1,2,3,10 bid-orders),total quantity<,= ,> askorder.quantity
Steps:   1.   enter secrephrase
2.   select a ask-order
3.   place a -bid-order(quantity,price=ask-order)
4.   verify this order is correct or not
5.   verify balance=balance-quantity*price-fee
6.   verify asset=asset+quantity
7.   repeat step 3 use 2,3,10 bid-orders,total quantity>,=, or < askorder.quantity
8.   repeat step3,4,5,6, check is correct or not

2-4
Purpose:    multi-asks match 1 bid-order  Level 2
Prereq:   secretphrase,bid order
Test Data:    ask orders (1,2,3,10 ask-orders),total quantity<, ,> bidorder.quantity,price<,=,> bidorder.price
Steps:   1.   enter secrephrase
2.   select a bid-order
3.   place a ask-order(quantity< or> bidorder.quantity,price<,=,or > bid-order.price)
4.   verify this order is correct or not
5.   verify balance=balance+quantity*price-fee, if price>=bidorder.price
6.   verify asset=asset-quantity
7.   repeat step 3 use 2,3,10 ask-orders,total quantity>,=, or < askorder.quantity
8.   repeat step3,4,5,6, check is correct or not

2-5
Purpose:    multi-bids match 1 ask-order, and cancel the askorder Level 2
Prereq:   secretphrase,ask order
Test Data:    bid orders (1,2,3,10 bid-orders) ,a ask order
total quantity<,=,> askorder.quantity
price = or > askorder.price
Steps:   1.   enter secrephrase
2.   select a ask-order
3.   place a -bid-order(quantity,price=ask-order)
4.   verify place this order is correct or not(maybe unconfirmed)
5.   cancel the ask order
6.   verify cancel succeed
7.   verify balance=balance-quantity*price-fee
8.   verify asset=asset+quantity, if bid-order confirmed faster than cancel askorder confirmed, else asset don’t change.
9.   repeat step3 use 2,3,10 bid-orders,total quantity=askorder.quantity,repeate step 5
10.   repeat step6,7,8, check is correct or not. Maybe some of bids matched successfully,check the balance,and asset quantity.
in this case ,we can cancel bid orders too.

2-6
Purpose:    multi-asks match 1 bid-order, and cancel the bidorder Level 2
Prereq:   secretphrase,bid order
Test Data:    ask orders (1,2,3,10 bid-orders) ,a bid order
total quantity<,=,> bidorder.quantity
price = or > bidorder.price
Steps:   1.   enter secrephrase
2.   select a bid-order
3.   place a ask-order(quantity,price<,=,or >ask-order)
4.   verify place this order is correct or not(maybe unconfirmed)
5.   cancel the bid order
6.   verify cancel succeed
7.   verify balance=balance+quantity*price-fee
8.   verify asset=asset-quantity, if ask-orders confirmed faster than cancel bidorder confirmed, else balance  don’t change.
9.   repeat step3 use 2,3,10 ask-orders,total quantity<,= or >bidorder.quantity,repeate step 5
10.   repeat step6,7,8, check is correct or not. Maybe some of asks matched successfully,check the balance,and asset quantity.

in this case ,we can cancel ask orders too.

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March 08, 2014, 09:23:33 AM
 #41854

Quote
If people are upset that they aren't receiving more NXT, they need to purchase more NXT.  NXT is the equivalent of a non-depreciating mining asset.

If people are upset that they aren't receiving more NXT, they might decide to purchase more Ether (or whatever).

Ok.  That's their choice.  IMO, a bad one.

Quote
If small NXT holders don't forge, it's not a big deal because they don't control enough of the currency to matter.  They only lose out.

Is there a mathematical known ratio regarding this? ie: For every 10 users 1 needs to be forging?

If a significant number of users can keep their clients locked without it being a problem then I am satisfied. I would do it for free.

It depends on how much currency they control.  NXT is currently susceptible to 51% currency attacks because TF isn't fully implemented yet.  If someone is able to control 51% of the currency currently forging, they can attack NXT.

Soo...it is a problem or it isn't?

I'm starting also to believe that TF is not gonna happen, at least where we'll hit 1000 TPS. CFB and others have seemed to hint that it might not actually be possible.

NXT: 4957831430947123625
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March 08, 2014, 09:24:08 AM
 #41855


Level-3 multi-bid-ask match test cases,contain 3 test case

3-1
Purpose:    multi-bidorder VS  multi-ask-order, Level 3
Prereq:   secretphrase,n ask orders(n=2,3,10,100)
Test Data:    bid orders (n=2,3,10,100) ,
 total quantity<,=,> askorder.quantity
price = or > askorder.price
Steps:   1.   at same time place multi bid orders,using multi-secretphrase
2.   verify place bid orders are correct or not
3.   verify balances are ok
4.   verify assets are ok
5.   cancel ask orders,bid orders,recheck balance,asset are ok.

3-2
Purpose:    1k+ bidorders match a ask order, Level 3
Prereq:   secretphrase,a ask order
Test Data:    bid orders (n=1000-10.000) ,
 quantity<,=,> askorder.quantity
price = or > askorder.price
Steps:   1.   at same time place multi bid orders,using multi-secretphrase
2.   verify balances are ok
3.   verify assets are ok
4.   cancel ask order,bid orders,recheck balance,asset are ok.

3-3
Purpose:    1k+ askorders match a bid order, Level 3
Prereq:   secretphrase,a bid order
Test Data:    ask orders (n=1000-10.000) ,
 quantity<,=,> askorder.quantity
price = or > askorder.price
Steps:   1.   at same time place multi ask orders,using multi-secretphrase
2.   verify balances are ok
3.   verify assets are ok
4.   cancel ask order,bid orders,recheck balance,asset are ok.


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March 08, 2014, 09:24:41 AM
 #41856

Cheesy Cheesy Cheesy

and watch when that 85% is running to the exit (which they eventualy will do soon), omg that door will be much to small! Cheesy

Weren't you supposed to sell your 100 million NXT a couple weeks ago?

 
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markus1000
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March 08, 2014, 09:25:08 AM
 #41857

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.

Ok, here's the current NXT distribution as of today.



As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:



WTF!

these numbers could be skewed by the exchanges. Are there any numbers of how much they hold?
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March 08, 2014, 09:25:44 AM
 #41858

Ok, here's the current NXT distribution as of today.



As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:


And the problem is that the whales are eating all the fees with forging and keep getting bigger.

How is the distribution in comparison with Bitcoin?

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BrianNowhere
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March 08, 2014, 09:26:16 AM
 #41859

No it directly critized Justabit and Nifty and portrayed them as working for this charity. They aren't working for this charity at all, they used it as a marketing tool. Back in December we sent JustaBit and Nifty to the Bitcoin conference in Miami where they made a lot of connections and helped put NXT on the map and this is how they are to be repayed?
If someone had issues iwth it they should've taken it public, sending PMs to people to get their votes while lying is downright fuckedup.

Same strategy Salsacz used against me. He quote mined shit and said things out of context to make people uncertain about certain things, while at the same time chatting with me on Skype about the same things acting like nothing Smiley This community is far from healthy.
But I no longer give a fuck as it has become beyond evident for anyone with a average IQ

What are you going to do?  I don't think people should talk behind other peoples' backs, but people are people.  This community is just as healthy as any other community.  Some people just aren't going to get along.



This statement makes 0% sense. You can't just say "oh this community is as healthy as any other community because they are both communities!"
We're talking about shady people using disgusting strategies to get in control of the marketing fund. That's pretty bad.

I know you own a lot of NXT so you want to downplay anything that could cause NXT to implode, but ignoring reality is not the way to go. I've talked to several good founders about this and they all agree and are sick of hoarders themselves.

Welcome to politics. If something is being voted on this is the kind of shit that happens. It's a candidates job to prepare and counter.
Sorry you lost the election.

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March 08, 2014, 09:27:33 AM
 #41860

No it directly critized Justabit and Nifty and portrayed them as working for this charity. They aren't working for this charity at all, they used it as a marketing tool. Back in December we sent JustaBit and Nifty to the Bitcoin conference in Miami where they made a lot of connections and helped put NXT on the map and this is how they are to be repayed?
If someone had issues iwth it they should've taken it public, sending PMs to people to get their votes while lying is downright fuckedup.

Same strategy Salsacz used against me. He quote mined shit and said things out of context to make people uncertain about certain things, while at the same time chatting with me on Skype about the same things acting like nothing Smiley This community is far from healthy.
But I no longer give a fuck as it has become beyond evident for anyone with a average IQ

What are you going to do?  I don't think people should talk behind other peoples' backs, but people are people.  This community is just as healthy as any other community.  Some people just aren't going to get along.



This statement makes 0% sense. You can't just say "oh this community is as healthy as any other community because they are both communities!"
We're talking about shady people using disgusting strategies to get in control of the marketing fund. That's pretty bad.

I know you own a lot of NXT so you want to downplay anything that could cause NXT to implode, but ignoring reality is not the way to go. I've talked to several good founders about this and they all agree and are sick of hoarders themselves.

I can't control the world.  I can only ask that people act with respect and decorum.  I'm sorry someone spoke about you behind your back.  We didn't tell them to do it.  Personally, I don't think any of the marketing fund should be used for charity, but that's my own personal opinion.

You make a lot of assumptions.  How much NXT do I own?

 
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