NXT :: descendant of Bitcoin - Updated Information

[allwelder]

I'm not even running it and I'm getting those assets??..

nodecoins send in info about their active peers
the node coin pool tabulates this and rewards the nodes that are in others peer lists
this means that without running nodeminer, if you have an active NXT node, you will automatically get nodecoins

I could change that, but I thought it would be a good thing, as I cant count on a super large percentage of people to run nodeminer. This way, as long as ~10% (maybe even less) run nodeminer, most people that are running active nodes will get nodecoins.

James

rewarded nodecoin is uncorrelated with the holding Nxt of Nodes?

[jl777]

rewarded nodecoin is uncorrelated with the holding Nxt of Nodes?

correct. It is nodecoin, not stakecoin

The coin that is allocated in proportion to the number of other nodes that you are an active peer for. That was the easiest metric I could come up with that seems to correlate to adding value to the NXT network. After all, if a node is an active peer, then it must be useful. The only way to get more nodecoins is to setup another NXT acct, node and IP address, which is another node! I think this is fairer than the NXT clones and it should have more value than NXT clones. Then again Aurora coin proves I know nothing about crypto valuations...

I am not sure, but I would imagine that hallmarked servers would be active nodes more than non-hallmarked nodes, so maybe the bigger stakeholders would be able to earn more nodecoins, but only if they created active hallmarked nodes.

James

[jl777]

On Nodecoin/NXTcoin:

1) Who will buy them? It seems to me that it will follow the mine & dump path, so:
2) It will devalue NXT

PS: Ricky do you have skype? If yes PM me your ID please...

We shouldn't be looking at Nodecoins as a buy and sell commodity.  We should be looking at Nodecoins as a Nxt Utility coin.  For example.  If you want to use the DAC, you have to send 10 Nodecoins to retrieve Doge address, then you can transfer Doge to DAC.  If you want to use NxtCash for Mixing you have to send 10 Nodecoins to retrieve NxtCash address, then send Nxt for mixing....and so on.  We have some really great features that will be built on top of Nxt and we should charge users Nodecoins to use those features.   That will give them value.

As soon as tx fees are .01 NXT, yes we can offer standard services for nominal nodecoins that anybody could earn just by running nodeminer. More specialized services would require some purchasing of nodecoins on AE

These are some great ideas!

James

[abctc]

I'd just like to say 'Hi' to the NXT community, in my capacity as Infrastructure Committee spokescreature.
... Most of our work so far can be seen on:
https://bitcointalk.org/index.php?topic=506757.0

- thank you for the information!

Important question: Is Nodecoin (new name needed) an issue for Inf-Com or TechDev-Com ?  

- TechDev-Com, because it motivates people to run their own nodes, and allows Infr-Com to focus on others things.

[abctc]

the nodecoin pool server is still running and other than my lack of Windows support (sorry bill), and lack of POST support, i didnt see any other bugs. So I will continue on the following development path:
1. Add asset inventory verification (applies for multigateway also)
...
10. release multigateway for brutal testing and take a weekend day
James

- James, you are AWESOME!

[allwelder]

Just found http://ltbcoin.com/discussion/2/ltbcoin-and-the-start-of-private-network-tokens

LTB networks version of nodecoin. Built on top of counterparty, but essentially a very similar concept. Use the coin to reinforce behavior desired by LTB.

The real question is what the exchange rate between nodecoin and ltbcoin will be

James

LTB is asset issued on XCP protocol, nodecoin is mined by nodes,much like POS vs POW.

[farl4web]

Expanding on my earlier thought on nodecoins I believe nodecoin's value must be tied to its ability to be exchanged for nxt. Nodecoin is
an asset created by James. Its purpose is to reward Nxt client forging.

Forging is not the same as running a node. Forging is just an unlocked client on your computer that can generate a block. A node is bigger than that and is supporting the whole Nxt-network. These are two different things.
Nodecoins cannot be generated with forging.

[coloredcoin]

What is the difference between node and peer?

[allwelder]

rewarded nodecoin is uncorrelated with the holding Nxt of Nodes?

correct. It is nodecoin, not stakecoin

The coin that is allocated in proportion to the number of other nodes that you are an active peer for. That was the easiest metric I could come up with that seems to correlate to adding value to the NXT network. After all, if a node is an active peer, then it must be useful. The only way to get more nodecoins is to setup another NXT acct, node and IP address, which is another node! I think this is fairer than the NXT clones and it should have more value than NXT clones. Then again Aurora coin proves I know nothing about crypto valuations...

I am not sure, but I would imagine that hallmarked servers would be active nodes more than non-hallmarked nodes, so maybe the bigger stakeholders would be able to earn more nodecoins, but only if they created active hallmarked nodes.

James

got it,thanks.
Really good ideas and production,more coins based on Nxt,more valuable for Nxt.

[evanxxx]

don't make fun of Evil, he's got a hat, he can be bcnext or satoshi
https://bitcointalk.org/index.php?topic=341956.msg4585430#msg4585430

and also promised 1000 Bitcoins and his ferrari for finding G-spot (misspelled by K-spot)
https://bitcointalk.org/index.php?topic=427753.0

Is it possible to build dedicated PoW coins on Nxt to solve problems like this one (not necessarily this one)?
Assume there is a bounty for solving the problem, then when the problem gets solved, the coin dies naturally and the bounty can be divided just by buying all the coins using it.

I think this would totally change how the researches that need massive computing resource are done, or every one is aware of such an idea?

[Come-from-Beyond]

$deadline = $hit / $baseTarget * $totalEffectiveBalance;

Why totalEffectiveBalance (not effective balance of a particular account)?

What about "(" and ")"? Like $deadline = $hit / ($baseTarget * $totalEffectiveBalance);

[wesleyh]

I have no such issue on ipad. Are you on IOS7?

At what point do you get an error?

@wesleyh

I think i found a bug:
I tried to register a new account on http://nxtra.org/nxt-client/ with my ipad, but it was impossible.

Good night everybody

[wesleyh]

That was an error in an earlier version, it should be fixed in the online version. If you are using that, do CTRL+F5 to force a refresh of the javascript files.

@wesleyh possible spelling error it went by so fast but the green box that fades in and out in the upper right corner said to me you "sould" something I forgot what asset.

At least that's what I think I saw.

[wesleyh]

What's wrong with the transactions sidebar? It also allows you to filter, when you are on that page, see the dropdown in the right corner.

Run Wesleyh NxtWallet :
It is useful when click on the ID,the acc will be copied to clipboard.

Where can I found my transaction history,such as ,creation alias,transfer,or issued asset?

[wesleyh]

Thanks, this will be fixed at some point, focusing on desktop for now. Mobile optimization after that

Hey Wesley

 nxt-client works on chrome on my HTC One,  the four squares on the dashboard line up nice, but the menu bar buttons, send message, send next, generate token, settings and log out get overlaid wrong in the CSS and get all jumbled, although they do seem to work.


 I'm sure this if far down the list of things but you are SUCH a machine..


EDIT WTF is this so large? screenshot to dropbox to imgur. Oh well.

[wesleyh]

This should be reported to Jean_luc or CFB if this is still happening. I thought this was supposed to be fixed.

bug?

Using http://nxtra.org/nxt-client/

Try to "Sell nodecoin for NXT"

Amount 540
Price 1
Total 540
Fee 1

The account has 28.5 testNXT, so should be able to pay the fee.  Instead get error:

Not enough funds.

http://localhost:6876/nxt?requestType=getBalance&account=16941742721574909475
{"balance":2850,"effectiveBalance":-3300,"unconfirmedBalance":2850}

[Eadeqa]

Assume there is a bounty for solving the problem, then when the problem gets solved, the coin dies naturally and the bounty can be divided just by buying all the coins using it.
I think this would totally change how the researches that need massive computing resource are done, or every one is aware of such an idea?

Doesn't make sense.

Why would the coin have any value if it can be killed by a solvable "weakness"?

[wesleyh]

Hi Wesley,

Don't know if we have to look at this seriously;

I am at the office now. I don't know how they set up their firewall settings etc.

But I can't go through the 'Make a new account' stage here.



@Home, everything works just fine.

Browser? and version please.

I used this;

http://nxtra.org/nxt-client/

IE and Chrome

Try again now, made a small change.

Is this now fixed or not?

[Fatih87SK]

Hi Wesley,

Don't know if we have to look at this seriously;

I am at the office now. I don't know how they set up their firewall settings etc.

But I can't go through the 'Make a new account' stage here.



@Home, everything works just fine.

Browser? and version please.

I used this;

http://nxtra.org/nxt-client/

IE and Chrome

Try again now, made a small change.

Is this now fixed or not?

No it's not, sorry for late response.

ps. @IE; I have to move my cursor to generate a password. @Chrome; Password generated automatically. Without moving mouse.

[wesleyh]

No it's not, sorry for late response.

ps. @IE; I have to move my cursor to generate a password. @Chrome; Password generated automatically. Without moving mouse.

That's because you are using an older version of IE which does not have crypto built in. Instead we use random mouse movement for those older browsers.

Regarding the issue, can you tell me exact version numbers of Chrome and firefox? Is this on windows?