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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761527 times)
xyzzyx
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March 09, 2014, 03:55:20 PM
 #42321

Which idea? Don't know what you are talking about.

http://www.lightspeedmagazine.com/fiction/different-kinds-of-darkness/

That should confuse anyone who came to this thread late.

"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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fmiboy
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March 09, 2014, 03:58:19 PM
 #42322

ok i finally have time to test the asset exchange! Cheesy link to where i can download it please? Cheesy

you can either use Clienxt GUI https://bitbucket.org/fmiboy/clienxt/downloads

or wesleys online client http://nxtra.org/nxt-client/

or nxt solaris from marcus http://nxtsolaris.wordpress.com/
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March 09, 2014, 04:01:15 PM
 #42323

I Found a bug  in the client 0.8.8 (test)

Code:
{
    "balance": 100097400,
    "effectiveBalance": -100,
    "unconfirmedBalance": 100097400
}

Why the effective balance is :


 "effectiveBalance": -100,

Not a bug, effectiveBalance can be negative.
can be negative ? dont understand.


me neither.

Asked also but got no answers to this "virtual debt" Smiley
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March 09, 2014, 04:02:12 PM
 #42324

can someone send me testnxt please? 10201806037510420301

sent some!
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March 09, 2014, 04:05:54 PM
Last edit: March 09, 2014, 05:04:38 PM by igmaca
 #42325

RFC: Parallel Chains concept

Only TL;DR version, coz noone would read a full one.

Quote
Master Chain

Contains only checkpoints of all slave chains. Checkpointing is done once a day and only when 1440 blocks r built on top of the corresponding slave chain. Master chain is never pruned. Growth rate is [32 bytes * numberOfSlaveChain] per day.

one Raspberry pi node to forge must be active.
if a raspberry pi node gets forge shares its fee with other Raspberry Pi nodes pointing to the same TPS node. (one of the 1,000 TPS nodes for example "XX" )

note the criteria to limit the power of forging an account 1,000,000 nxt is due to 1440 blocks are generated in a day and therefore the chance is about one day.

if the number of blocks per day for example increase to 14400 per day the criteria to limit the power of forging change to 100,000 nxt account as tantamount to a chance of about one day.

why one day?
because all accounts that they want to forge if they are always active every day receive fees
keeps the interest in forging and maintain the node active everytime


Quote
Slave Chains

Contains only 1 type of transactions. Different currencies can be implemented as different chains. Forgers can choose what chains to secure. The market balances TPS rate.

"XX" TPS node forge a slave parallel bloc because power forge depends by Raspberry Pi nodes

can split the fees if a Raspberry pi node gets forge to all Raspberry pi nodes that point to "XX" node in proportion to the amount of funds each node (account) has
can exchange fiat currency
can handle 1000 TPS

what happens if you attack one of the 1,000 nodes?

as the power to forge remains in raspberri pi nodes the network security remains unchanged.
it may happen that momentarily not reached 1,000 TPS

Quote
Migration plan

Create slave chains that implement all transactions types existing in Nxt. Add a new type for checkpointing. Reject attempts to include non-checkpointing transactions into the master chain.

Quote
Side-effects

The Chinese could use a separate currency inside their borders for very high TPS rates. Only checkpointing transactions have to bypass Great Firewall of China. Speculators provide currency exchange service - the business they love to do. NXTs become "tokens", users buy them for fiat to spend for fees, it's similar to prepaid coupons/tickets for provided services.


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#Free market


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March 09, 2014, 04:10:07 PM
 #42326

wesleys webclient isnt it? can someone send me testnxt please? 10201806037510420301

Sent 15K TestNxt , enjoy it Wink .
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#Free market


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March 09, 2014, 04:17:39 PM
 #42327



@redsnow thanks il open an acc on solaris too and test that too.. i havnt used the asset exchange on solaris yet just normal functions
I'm happy for you , but i'm redsn0w .. not redsnow  Grin
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March 09, 2014, 04:20:24 PM
 #42328

there actually isnt any learning curve.. i asked my gf to create an asset, buy a different asset resell the baught one send a message and send nxt to another user... she got it all in seconds and she has never used a crypto wallet/clien before.. ever.. well done guys!

+10
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March 09, 2014, 04:22:29 PM
 #42329

Perhaps that is the "nodecoin" that was mentioned before - am not really sure whether it will be relevant once we have parallel chains.
Ok, so you don't know how he implements these coins on top of Nxt. Well, JAMES. Wake up, tell us about it.
Getting all AE balance changes reconciled was a lot harder than I had hoped. Finally seems to match up, so either there are no bugs exposed by historical activity, or both jean-luc and I made the same errors in calculating the balances.

My approach to coins on top of NXT is to enforce restrictions on specific NXTcoins assets within AE. Once I am done, a new "coin" that uses built in options can literally be created in a few minutes. Getting it distributed might take longer. Also, the additional overhead for a new NXTcoins would be the storing of the differentiating parameters in a few AM's

With the right set of software overlays the NXT asset will look like a coin and act like a coin, so for most people it will be good enough. It will rely on the NXT network and AE to exist and a side benefit is that AE provides an instant method of trading. No need for any gateways, as a NXTcoins lives totally inside NXT.

There could be millions of NXTcoins all on top of NXT as it is right now, without any waiting for NXT core changes other than release of AE.

Using parallel chains for a coin is something I fully support and it would be great to have. However, each new blockchain will be a new blockchain. With it comes the requirement of securing, propagating and storing it. It certainly makes sense for a coin with a lot of activity, but could a local school justify the resources of creating a parallel blockchain to raise funds for their field trip to the grand canyon?

I think the way to think about the two methods is that for global coins that will have global activity, a parallel block chain would make more sense. For local coins that have local activity, or a small vertical market, NXTcoins on top of AE makes sense. Neither obsoletes the other, if anything they complement each other. I look forward to being able to create a parallel blockchain to enhance my fantastical ideas Smiley

James


http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
CIYAM
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March 09, 2014, 04:29:01 PM
 #42330

Neither obsoletes the other, if anything they complement each other. I look forward to being able to create a parallel blockchain to enhance my fantastical ideas Smiley

Nice to see that James and myself are in agreement (now waiting for CfB to comment).

Smiley

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
bitcoinpaul
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March 09, 2014, 04:37:23 PM
 #42331

I like James' way since the Nxt network would benefit from it, if I understand correctly. Parallel blockchains, on the other side, would lead to more technical possibilities. So, in deed, we should approach both ways.

But we should discuss when to use what and why and let CIYAM finish watching his movie.
xyzzyx
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March 09, 2014, 04:38:50 PM
 #42332

Using parallel chains for a coin is something I fully support and it would be great to have. However, each new blockchain will be a new blockchain. With it comes the requirement of securing, propagating and storing it.

Interestingly, you can use the security of the Nxt blockchain to secure an alt chain.

On the alt chain, every N blocks consider a group.  Take a "snap-shot" of the block group by doing a SHA256 on a concatenation of all members.  This SHA256 result is then placed in the main Nxt chain via AM.  Consider the number of confirmations of the SHA256 snap-shot on the Nxt chain as your number of confirmations on the alt-chain for that block group.


"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
redsn0w
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#Free market


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March 09, 2014, 04:50:19 PM
 #42333

Did you want some TestNxt ?
Plz send some,
TKS.
7191893623143661625

What ?
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March 09, 2014, 05:08:38 PM
 #42334

But we should discuss when to use what and why and let CIYAM finish watching his movie.

Thanks - watched the Fifth Estate - quite a good movie (although I guess Assange wouldn't like it that much).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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klee
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March 09, 2014, 05:09:30 PM
 #42335

http://www.singularityweblog.com/androklis-polymenis-donates-1-million-nxt-to-alcor/
https://twitter.com/kLee1977/status/442708622636634112
https://twitter.com/kLee1977/status/442709275727921153
bitcoinpaul
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March 09, 2014, 05:14:52 PM
 #42336


Wow Klee. Great!

What's your plan in the future? Grin
bitcoinpaul
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March 09, 2014, 05:15:41 PM
 #42337

Quote
Get the White Paper and Audit done.
Any new on the ongoing audit? Somebody said something about the end of this week.

Quote
Make a simple payment module for the Web. Get merchants on board, sell/buy stuff with NXT as a first gen currency.
Any news on that? Somebody put money into this, i remember.
BrianNowhere
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March 09, 2014, 05:16:06 PM
 #42338


The initial stakeholders don't owe anyone here a goddamn thing. They took the huge risk by buying in early while everyone else called NXT a scam coin. They are under NO obligation to re-distribute the wealth to all those, including me, who missed out because of cynicism or ignorance or whatever. If NXT becomes a huge success, they and they alone deserve to be hugely rewarded for taking that risk. they have every right as free citizens of planet earth to do damn well whatever they please with their windfall.

I'm not sure if you just ran out of psych-meds or if you're sucking up to the big holders, but your statements are insane.
They took a "huge risk" ? 50 dollars for 15 million NXT or so is a "huge risk" ?
*Most* of those who "missed out" was people who didn't see the thread or came too late because BCNext shutdown the IPO hastily.
I have used the arguments you are regurgitating too many times in the last 3 months of marketing and arguing with skeptics, so I know them in and out.
This isn't about big stakeholders handing out NXT to random people, but to FUND marketing, FUND development, FUND incentives for people to give a fuck of NXT's health.

And it's also about fairness. Right now most of the stakeholders are just like the CEOs of Walmart. They take all the money and let people do all the work.

How you can justify the idea that because they invested 50 dollars they have this deep deserving right to be millionaires while those who make NXT worth milliones should get none is baffling.

It sounds like you've seen a 5 minute clip of Milton Friedman and think that this trickledown economy is a law of physics. Insane.

FUNDING is another word for redistribution. For the record I'm pretty liberal, voted for Obama twice and have never read a Friedman tome.
As I said, if one of these shareholders think that funding is a good way to make NXT grow, then they should do that. If they prefer to sit and wait and let everyone else do the work and hope the price rises then that is their right as well. They don't owe you, me or anyone anything.

Some people mined Bitcoin in 2011 and now are Millionaires. Am I totally jelly? Hell yes. I almost mined Bitcoin back then and got frustrated with setting it up and thought it would never take off. I could kick myself, but do I expect the people who didn't give up and mined millions of BTC for pennies apiece to now redistribute that to making BTC better. Hell no. People win lotteries.

Quote
They took a "huge risk" ? 50 dollars for 15 million NXT or so is a "huge risk" ?

Ok, they got lucky then. Who cares? I'm jealous and so obviously are you. If I was them I'd probably spend some time promoting NXT in my own way, behind the scenes without making a big scene about it. I'd be hoping the price goes up and thinking, "could I actually have finally hit the big gravy train"? I wouldn't feel I owed anyone anything though and probably neither would you.

Quote
How you can justify the idea that because they invested 50 dollars they have this deep deserving right to be millionaires while those who make NXT worth millions should get none is baffling.


Because that's life.  People get lucky. I wish I was one of them and so do you.

Personally I am very glad you didn't get elected to the committee. You strike me as someone who is bitter and expect to get directly compensated BEFORE NXT succeeds for working on the same sorts NXT projects that others are happily volunteering their time to do; you stated as much in your platform which is why I didn't vote for you. You remind me of those Uncles who suddenly appear out of nowhere when a distant relative wins the lottery, expecting to be compensated for sharing a bloodline.

If you had special skills that were desperately needed, believe me you would have been contacted by someone and offered a Salary to work full time. If no one is asking for your help then you can either volunteer or do something that is exceptional and impressive like wesleyh or metctl (math guy, not sure if getting name right) and either many people would donate to you or you'd be offered a salary to work on something.
If that hasn't happened then guess what? You just aren't special enough. Neither am I and that's ok. I can buy NXT like anyone else and do what I can to help, help new users learn how to use it, fund new accounts, tip reddit users, help people troubleshoot problems and spread the word. Should I get paid for this? Hell no. It's just not that special. I'm doing it for my own self interest anyway.

If you want to get compensated, solve the TF problem, write a new client, make a kick ass website , do something unique and special.
Do something like that and people will stand in line to hand you some NXT.

NXT needs volunteers, NXT needs enthusiastic people who are excited to help spread the word. NXT does not need people who see dollar signs in their eyes, expecting everyone to throw NXT at them because they sent an email to an exchange or wrote an article or updated a wiki. The payoffs for those sorts of things come when the price goes up and your investment grows. You may not be an initial stakeholder, but you can still contribute in important ways. Your motivations are exactly the same as the initial stakeholders, to help make NXT succeed. No ones asking for you to take money out of your own pocket though, like you are with them.

NXT: 4957831430947123625
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March 09, 2014, 05:17:42 PM
 #42339

Come-from-Beyond, can you introduce some developer to the community? He/she will be warmly met and trusted. Or maybe you should just recommend somebody that you respect? We can gather some funds for them or vote for the unclaimed coins?


(come on, you should know somebody  Cry )

Klee,

didnt you pay generously for two DEVs? what are they doing now?
One dev, one IT - the dev is in talks with Amazon...

I hired another one (very good too) he currently looks at the AT with CIYAM but I will tell him about the need for core devs...

I am not willing to cover his compensation though for this (at least not more than a small percentage).
I pay him for the AT feature only, so 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.

Extra features like AT and NXTcash should be covered by early adopters (like me and neer who cover together AT and me covering alone NXTcash).

Of course I think it is time for ALL stakeholders >10M to form a committee and contribute proportionally an amount every month for the core dev team too!

Maybe you can introduce them to the community, so that we vote to pay them from the unconfirmed coins(or some Stakeholders decides they will make his stake much more valueable). The sooner, the better.

Ties are a prison for the soul...
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March 09, 2014, 05:26:58 PM
 #42340

Can i get some Testnxt??Ty!

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