NXT :: descendant of Bitcoin - Updated Information

[wesleyh]

There's nothing wrong with the nodecoin name. I'm just wondering how it works. As far as I know it's not possible to know if a node is forging, so how is this determined? Is this easily gameable?

[rickyjames]

NXT is starting to become something that I AM NOT WILLING to have so much investment in.

NXT coin was my original investment, not a fucking exchange,

Don't tell me I don't get it, I perfectly understand what's going on.

This was supposed to be Cryptocoin 2.0 "DESCENDANT OF BITCOIN"

For crying fucksakes, even your thread title says it.

Are you all half-retarded? The coin concept will attract the mainstream into NXT, not a fucking asset exchange.

The asset exchange was supposed to be a feature of NXT, not NXT itself.  Now all of you want to turn it into another of thousands of exhanges already available.

you clearly dont get it. there are no "thousands of exchanges" only 1 (counterparty). 1 more is coming (msc) and than NXT.

but as afar as being a coin. i also am trying to get clarity on this. I would have wanted to see it as the fuel to any asset on the exchange with an ongoing need for it and thus demand.  

This is CRITICAL.  Mainstream adaptation (ie VOLUME) will come from use of NXT as a COIN.  As in Joe Sixpack saying "what can I buy with this".  We have so many smart people dealing with so many smart things what we are TOTALLY NEGLECTING the foundation we MUST have.  

Who is working on going around to EVERY SINGLE current Bitcoin vendors and asking / convincing them to take NXT too, and put NXT alongside Bitcoin in their declaration of accepting cryptocurrency?  I want to do this, and intend to start doing this as soon as I get a few other NXT guerilla marketing  covert ops I'm working on out of the way...but there should be a GROUP EFFORT on this area going NOW.

[BitcoinForumator]

I would like to hear more thoughts from everyone about the "State of the (NXT) Union"

It helps form a better overall picture.

(personally I fear that NXT would never reach the outside world and will always stay in the closed circle of this community, but I'm a tech newb so it doesn't count for anything)

I would really like to hear reasoning from those that believe that NXT will indeed be:

a.) the first choice for decentralized exchange and an asset exchange (ahead of other crypto solutions)

and

b.) will be so widely used among people as something we commonly use on the internet today

I would really like to hear thoughts from people that really believe this and that really see the path to this state.

(what I'm missing here lately is a clear direction and some greater confidence, because lately when comparing NXT to other crypto solutions you can feel at least a lack of purpose)

Be honest (even those that want to believe) as to where NXT is and where it's going...

[casx]

Hey Guys.

www.nextcoin24.org is a german Nextcoin Page...
more pages and infos will be added soon.

it would be great, if u add www.nextcoin24.org to your pages!

have a nice day...

to the moon!

[chanc3r]

If there is ever a crisis and we need a lot more nodes, we just need to put a 1 NXT per nodecoin bid in AE (144,000 NXT per day!) and we will get new nodes like crazy. It gives us a way to very quickly add network resources. Also, in this event all the crazy nodecoin mooners will have their aurora dreams come true

James

Actually seeing it like this, it is a very smart and novel way to have the network adapt dynamically. Awesome! Hopefully it works out as planned in practice.

I have one problem with this - as the number of coins increases 'Node Coin Whales', basically as posted earlier and in a PM to james, I like the concept but a free floating currently can be gamed, and when we add 1NXT to get people to run more nodes, the whales will move in with their sell orders and we will end up being blackmailed....

If we can figure out how to avoid this so that when people 'earn node coins' they are not just subject to wild speculation I would be happier...

My view of trying to make them time limited per month to control volume/speculation issues was just one approach - I'm sure someone has a better idea to address this risk?

[wesleyh]

I have some feedback on the wesley client about the user-friendliness :


-The dashboard is too much bloated to be a landing page. There is too much information at once, and a new user would be lost. Assets, transactions, blocks, messages, alias, etc..... too much for a first look.
A better landing page is the "transactions" one.

-It's not clear how to receive funds. There is only an "ID: 2980315497189667873" displayed. But transactions and block have ID too. I think it should be changed to "Account address :2980315497189667873"
And even with that, I'm sure people will not always know they need to use that to receive funds. You need a bigger clear message on the transaction page that their account address is 2980315497189667873

-I think the "Send Nxt" , "send message" and "generate token" button should be on the left side of the header , with "settings" and "log out" still on the right.
They are not enough visible right now. Maybe give them a more distinctive colors too. That's the more important button after all.

-When you click on your account ID, it doesn't seems to copy it on the clipboard.

-I still think a wallet.dat system would be a lot more easy to use.

Are you using online version? When a new user logs in, a message is shown with their account ID clearly displayed at the top (green).

"Account address: ____" doesn't fit in the sidebar.

Settings / Logout will probably be changed to icons. Generate Token may be moved elsewhere too.

We may have a short tutorial included in the future, something like this:

http://clu3.github.io/bootstro.js/ or http://tracelytics.github.io/pageguide/ or http://usablica.github.io/intro.js/

Are you using http://nxtra.org/nxt-client/ ? It should copy to clipboard, unless you do not have flash installed.

Wallet.dat is for later.

[ShroomsKit_Disgrace]

so much THIS:

I would like to hear more thoughts from everyone about the "State of the (NXT) Union"

It helps form a better overall picture.

(personally I fear that NXT would never reach the outside world and will always stay in the closed circle of this community, but I'm a tech newb so it doesn't count for anything)

I would really like to hear reasoning from those that believe that NXT will indeed be:

a.) the first choice for decentralized exchange and an asset exchange (ahead of other crypto solutions)

and

b.) will be so widely used among people as something we commonly use on the internet today

I would really like to hear thoughts from people that really believe this and that really see the path to this state.

(what I'm missing here lately is a clear direction and some greater confidence, because lately when comparing NXT to other crypto solutions you can feel at least a lack of purpose)

Be honest (even those that want to believe) as to where NXT is and where it's going...

[okaynow]

Some people have run out of patience...  

True...  but it is also time for most to set aside Ego...  

NOT having a good understanding as to which stage the Nxt development efforts are in...  as well as to what is required for such development to take place...  does not make Nxt and/or any of the Nxt features less valuable.

+1440

[igmaca]

can someone explain that technically it depends 1440 bloc per day ie one bloc per minute?

- http://en.wikipedia.org/wiki/CAP_theorem

Thank you,

i must understand then maximum speed is 1440 blocks per day with the current state of the art

[wesleyh]

Thank you (bedankt) for your testing, it will be optimized for mobile after everything else is finished. I will keep this post handy to see what to fix. What did you mean by "give a problem to the wordt 'Amount'" ?

I have tested your client on my iPhone 5 and iPad 4 with iOS 7.1. Here are some things I discovered:

The logo and the spinningwheel are not retina. (not that important, but retina just looks great!)

Almost everything looks good, but in the Asset Exchange the two collums Buy and Sell give a problem to the wordt "Ammount".

The links on the top are set at a fixed size, so they are to big and are displayed a bit to low over the header.

In some items a second menu is displayed (at Asset Exchange, Messages, etc) this menu is displayed on top of the normal menu on the left side. So the normal menu is not usable anymore. Maybe you can hide the menu and show it on top of everything, such as iNxt is doing in his app: https://itunes.apple.com/us/app/inxt/id802351888?mt=8

The same problem with the links on the top is showing on the iPhone landscape.

I cannot scroll in the menu on the left side. When I scroll the total page, only the right side is scrolling. So I cannot access any menu-items below "Contacts".

Also is the second vertical menu (at Asset Exchange, Messages, etc) covering the menu on the left side. Once I am in the Asset Exchange I cannot go back to other menuitems.

The splashscreen can use some more padding between buttons:

When I am a registrered user there isn't much padding around the logo and boxes.

We see the same problems with the menu's as in the iPhone landscape version:

and the transaction id's are to big too in on the iPhone:

Hope this will help you! Good luck!

[Jean-Luc]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.8.9

http://download.nxtcrypto.org/nxt-client-0.8.9.zip

sha256: fccd8dcb964a357e2f2546aa36dae83df7ff5e623a0dda2351cbe506c139c76d


Change log:

Client-side transaction signing support. All http API requests that
create a new transaction, now accept either a secretPhrase or a
publicKey parameter. If secretPhrase is supplied, transaction is
created, signed at the server, and broadcasted by the server as
usual. If secretPhrase is not supplied, but a publicKey parameter
is, as a hex encoded byte array, the transaction will be prepared
by the server and returned in the JSON response as transactionBytes.
This byte array can now be signed by the client, and then sent back
to the server for broadcasting using the broadcastTransaction API.

Transaction hashes, which can be used to uniquely identify transactions
to avoid transaction signature malleability attacks, can now be
obtained using Transaction.getHash(), and are also available in the
JSON representaion of transactions. The hash can also be used to retrieve
a transaction from the server, instead of using transaction id, by
supplying a hash parameter to the getTransaction http API instead of
transaction parameter.

For improving performance, getBlockId and getBlockTimestamp Java API
methods have been added to the Transaction class, to avoid the need
to call getBlock which may require additional database query. Java
clients should use those instead of going through getBlock.
Similarly, the blockTimestamp field has been added to the JSON returned
by getTransaction and the other API calls that return a transaction
JSON, so http clients can also avoid unnecessary calls to getBlock.

Upgrading to 0.8.9 will modify the database to add the hash and
block_timestamp columns to the transaction table.

Transactions that have become invalid will now also be removed from the
re-broadcasting pool.

Moved all global constants to Constants.java.

Improved transaction validation for Asset Issuance transactions to
avoid misleading invalid transaction errors.

Corrected handling of transactions with identical timestamps in block
generation and in the NRS client UI.

Added ASSET_BALANCE and UNCONFIRMED_ASSET_BALANCE events to Account,
fixed possible problem with asset balance calculation.


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[Daedelus]

I have some feedback on the wesley client about the user-friendliness :

-I still think a wallet.dat system would be a lot more easy to use.

Is this technically possible?

I didn't follow the discussion recently closely (I think it was MSIN?). The conclusion was it didn't add security possibly? But it does add familiarity.

Nevermind, "Wallet.dat is for later".

[rickyjames]

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.

But then you're basically inflating the currency and usurping value from Nxt as it should be the unit used for these purposes, no? These are roles that Nxt would take; doing so with nodecoin reduces Nxt's functions and in turn it's demand/value as opposed to nodecoin adding value on top of the system.

I am not sure if there is any usurping going on. Using this logic, if we started trading BTC using NXT AE, then somehow this hurts NXT? I dont think that is what would happen. I think the value of NXT would be proportional to the sum of the values of all of the NXT AE assets plus the current value. So if nodecoins become worth something, then NXT becomes incrementally more valuable.

Also, you are not taking into account the fact that without NXT, there is no nodecoin. This also seems to be what BCNext wanted from what I can remember.

If people deposit $1 billion USD into NXT and we have that much USD assets floating around inside AE, would that suck all the value out of NXT?

If nodecoins became worth $1 USD each, would that suck all the value out of NXT?

This community doesn't award people for their work, there is no mining, forging wont give you shit, so this is a way for fairness to come into the picture.

Count my opinion as being in blue.  

Who cares how BCNext wanted it?  I have respect for him BUT ELVIS HAS LEFT THE BUILDING so it's our party now.  

Dumping a billion dollars of assets into an exchange doesn't make the exchange itself worth a billion dollars.  You could trade a billion dollars of assets on AE after buying only 100NXT on Cryptsy at .000000000000001 BTC each once we hit the bottom of the list at coinmarketcap.com.   I don't want to see this happen.

If nodecoin is some kind of motivational sop to get people to set up nodes, FORGET IT AND DUMP IT NOW!  NXT is a FINANCIAL EXPERIMENT with the PRIMARY GOAL of causing its most basic unit (the NXT) rise in value, not an attempt to achieve SOCIAL JUSTICE through creation of some SECONDARY ASSET.  Yes, NXT is not get-rich-quick thru mining or forging.  Stop trying to inject get-rich-quick aspects into it because we lack those now.

[Sebastien256]

wesley 0.8.8 bug or AE bug (not critical), idk.

got some nodecoin. sell them all out. I have in theory no more asset but client showing that I have 1 asset. Maybe client should check the number of asset, if 0, then this asset should not count.

is this a known bug?

[martismartis]

-----BEGIN PGP SIGNED MESSAGE-----
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Release 0.8.9

http://download.nxtcrypto.org/nxt-client-0.8.9.zip

sha256: fccd8dcb964a357e2f2546aa36dae83df7ff5e623a0dda2351cbe506c139c76d

Any changes to nxt.properties or it is used from version 0.8.8? Just to be sure to update my public node fast

[Fatih87SK]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.8.9

http://download.nxtcrypto.org/nxt-client-0.8.9.zip

sha256: fccd8dcb964a357e2f2546aa36dae83df7ff5e623a0dda2351cbe506c139c76d

Woohoo! Thanks! Can't wait for 0.9.0. Integrated with Wesleyh's client  

[wesleyh]

Question about public key thingie;

Don't users only get a public key after they made an outgoing transaction? So their first transaction, if they use an online client, would be insecure?

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.8.9

http://download.nxtcrypto.org/nxt-client-0.8.9.zip

sha256: fccd8dcb964a357e2f2546aa36dae83df7ff5e623a0dda2351cbe506c139c76d


Change log:

Client-side transaction signing support. All http API requests that
create a new transaction, now accept either a secretPhrase or a
publicKey parameter. If secretPhrase is supplied, transaction is
created, signed at the server, and broadcasted by the server as
usual. If secretPhrase is not supplied, but a publicKey parameter
is, as a hex encoded byte array, the transaction will be prepared
by the server and returned in the JSON response as transactionBytes.
This byte array can now be signed by the client, and then sent back
to the server for broadcasting using the broadcastTransaction API.

Transaction hashes, which can be used to uniquely identify transactions
to avoid transaction signature malleability attacks, can now be
obtained using Transaction.getHash(), and are also available in the
JSON representaion of transactions. The hash can also be used to retrieve
a transaction from the server, instead of using transaction id, by
supplying a hash parameter to the getTransaction http API instead of
transaction parameter.

For improving performance, getBlockId and getBlockTimestamp Java API
methods have been added to the Transaction class, to avoid the need
to call getBlock which may require additional database query. Java
clients should use those instead of going through getBlock.
Similarly, the blockTimestamp field has been added to the JSON returned
by getTransaction and the other API calls that return a transaction
JSON, so http clients can also avoid unnecessary calls to getBlock.

Upgrading to 0.8.9 will modify the database to add the hash and
block_timestamp columns to the transaction table.

Transactions that have become invalid will now also be removed from the
re-broadcasting pool.

Moved all global constants to Constants.java.

Improved transaction validation for Asset Issuance transactions to
avoid misleading invalid transaction errors.

Corrected handling of transactions with identical timestamps in block
generation and in the NRS client UI.

Added ASSET_BALANCE and UNCONFIRMED_ASSET_BALANCE events to Account,
fixed possible problem with asset balance calculation.


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[Coinonaer]

Hey Guys.

www.nextcoin24.org is a german Nextcoin Page...
more pages and infos will be added soon.

it would be great, if u add www.nextcoin24.org to your pages!

have a nice day...

to the moon!

Good Page, well done 

[ShroomsKit_Disgrace]

pufff look at this massive sell at Bter.com...... Price at 0.0005

[martismartis]

I don't earn any test nodecoins on my standalone NxtWallet. Did it change something?