NXT :: descendant of Bitcoin - Updated Information

[bahamapascal]

so owner of "google" alias may not be billionaires after all? lol

He still could sell it to Google for 15.000.000 USD.

That is somthing I don't understand...how dose one sell/transfer a Alias?
Lets say I register 100 Alias names with my Nxt account, now I won't tosell google the google alias...what schould I do?
I could give them the pass to the acount but
1. I would still know tha password, so google would share the alias with me
2. I still have 99 other Alias names on this acount, I don't  won't goole to get those aswell

[1714289169]

1714289169

[1714289169]

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[1714289169]

1714289169

[Come-from-Beyond]

That is somthing I don't understand...how dose one sell/transfer a Alias?
Lets say I register 100 Alias names with my Nxt account, now I won't tosell google the google alias...what schould I do?
I could give them the pass to the acount but
1. I would still know tha password, so google would share the alias with me
2. I still have 99 other Alias names on this acount, I don't  won't goole to get those aswell

U have to wait when alias transfer will be implemented (if implemented at all, such a feature must wait for Voting System to be launched).

[Kazing]

Could someone explain what the "fee" and the "deadline" are for?

Does the guy with the highest fee for a certain Alias get it?

see link in my post 2 above yours

Thanks man! Totally missed it the first time
 reading through these last few pages!

[bahamapascal]

That is somthing I don't understand...how dose one sell/transfer a Alias?
Lets say I register 100 Alias names with my Nxt account, now I won't tosell google the google alias...what schould I do?
I could give them the pass to the acount but
1. I would still know tha password, so google would share the alias with me
2. I still have 99 other Alias names on this acount, I don't  won't goole to get those aswell

U have to wait when alias transfer will be implemented (if implemented at all, such a feature must wait for Voting System to be launched).

Ah ok, so for now its just geting them, then leting them sit and hoping for the best^^

Cool, thanks for the info

[Pablito89]

can you don't set a deadline on your alias?

[Come-from-Beyond]

can you don't set a deadline on your alias?

The deadline is for a transaction, not for an alias. Ur alias will never expire.

[brooklynbtc]

Hey come-from-behind, what kinda estimate on how many alias transactions will process in the first 5 minutes?

how many can the block chain handle?

say 1000 different aliases are requested in block 22001, will it be able to handle them? or will it space them over more blocks?

if you wanted to buy 100 aliases, and set the time for 10 minutes on all, would you expect them to fit in that time? or will the block chain take the highest fees in order?
ie

google 1000nxt block 22001
sex 660nxt block 22002
nxt 650nxt block 22003 etc..

[Come-from-Beyond]

Hey come-from-behind, what kinda estimate on how many alias transactions will process in the first 5 minutes?

how many can the block chain handle?

say 1000 different aliases are requested in block 22001, will it be able to handle them? or will it space them over more blocks?

if you wanted to buy 100 aliases, and set the time for 10 minutes on all, would you expect them to fit in that time? or will the block chain take the highest fees in order?
ie

google 1000nxt block 22001
sex 660nxt block 22002
nxt 650nxt block 22003 etc..

Each block is limited to 32 KiB, min transaction size is 128 B. AS-transactions add overhead for attachment that contains alias and uri values. 1000 aliases will be split among 4 blocks at least.

AS-transactions flow will be a good stress-test for the network. They will increase rate of orphaned blocks, so if u see ur alias is confirmed it doesn't mean that it's forever. Only 720 confirmations guarantee 100% irreversibility.

Also we can see low-fee aliases confirmed in the 1st place coz not all transactions will reach forging nodes.

[Pablito89]

How can i know if i got an alias?
What change if i set 1 min of deadline or 1440?

Sorry but there is something that i still can't understand...

[utopianfuture]

That is somthing I don't understand...how dose one sell/transfer a Alias?
Lets say I register 100 Alias names with my Nxt account, now I won't tosell google the google alias...what schould I do?
I could give them the pass to the acount but
1. I would still know tha password, so google would share the alias with me
2. I still have 99 other Alias names on this acount, I don't  won't goole to get those aswell

U have to wait when alias transfer will be implemented (if implemented at all, such a feature must wait for Voting System to be launched).

Ah ok, so for now its just geting them, then leting them sit and hoping for the best^^

Cool, thanks for the info

Or you can create multiple accounts so that one account can take care one alias.

[Come-from-Beyond]

How can i know if i got an alias?
What change if i set 1 min of deadline or 1440?

Sorry but there is something that i still can't understand...

U'll see a confirmed transaction in ur transactions. Amount will be 0 NXT.

Deadline is a voodoo magic trick. U don't know how high a fee should be, so u send, say, 10 NXT fee and set deadline to 3 minutes. If ur transaction is not confirmed then u should increase the fee, but u shouldn't send another transaction until the previous one is not expired. Deadline defines when a transaction expires.

[Ola]

A little something put together for the community

http://www.nxtcurrency.com/   ----- a self hosted wiki site like wikipeadia, feel free to register and add all content for nxt

https://www.facebook.com/groups/NxtCurrency/  Facebook group, about 17 members now, I post regular updates here


Like and follow these pages:

https://www.facebook.com/Nxtcurrency  <----
https://twitter.com/NxtCurrency


let me know if you want to manage anyone of these pages

[msin]

How can i know if i got an alias?
What change if i set 1 min of deadline or 1440?

Sorry but there is something that i still can't understand...

U'll see a confirmed transaction in ur transactions. Amount will be 0 NXT.

Deadline is a voodoo magic trick. U don't know how high a fee should be, so u send, say, 10 NXT fee and set deadline to 3 minutes. If ur transaction is not confirmed then u should increase the fee, but u shouldn't send another transaction until the previous one is not expired. Deadline defines when a transaction expires.

So if 100 people are trying to register the same alias, the one with the highest fee when the next block is generated will get the Alias? 

[Come-from-Beyond]

So if 100 people are trying to register the same alias, the one with the highest fee when the next block is generated will get the Alias? 

Yes. (If this transaction is seen by forging node.)

[Gabriel-]

So there is no pool needed for mining Nxt ? Only solo mining ?

[pinarello]

So there is no pool needed for mining Nxt ? Only solo mining ?

no mining, forging


Pin

[Pablito89]

How can i know if i got an alias?
What change if i set 1 min of deadline or 1440?

Sorry but there is something that i still can't understand...

U'll see a confirmed transaction in ur transactions. Amount will be 0 NXT.

Deadline is a voodoo magic trick. U don't know how high a fee should be, so u send, say, 10 NXT fee and set deadline to 3 minutes. If ur transaction is not confirmed then u should increase the fee, but u shouldn't send another transaction until the previous one is not expired. Deadline defines when a transaction expires.

probabilly a stupid question: why my transaction should be confirmed or not? more NXT = more chances to be confirmed?

[Pablito89]

Esample, Mark and Steven try to have the MAGIC alias

Mark puts 10 NXT as fee and 10 minutes deadline
Steven puts 100 NXT as fee and 40 minutes deadline

What will happens?

[brooklynbtc]

Any thoughts on hijacking the AS process before the 720 block confirmation occurs?

If you registered Google for 1 Nxt and it wasn't "forged" but was generally accepted, would there be a chance to throw 10k at Google before the 12 hours pass and getting it priority because it was passed through a forging block?

Also, thoughts on the whole 'gold rush' nature of this Alias release? I assume the Alias function and its monetary value were planned into Nxt from the early stages, and since we are aware of the potential value for cybersquatting or proper SEO marketing using these aliases, were they designed as a profit taking measure? designed for release at block 22000?

I feel there might be a couple hundred users at best that are paying attention to this process and will be ready to rush in at tomorrow and stuff their pockets full of aliases. Obviously I am one of those users, and while I don't plan on breaking the bank, I do feel the risk is worth the reward of spending 1000 coins on a couple hundred aliases. I also think that buying and using aliases will motivate people to use aliases, and therefore use Nxt, and therefore spread Nxt

The more I think about this, the more my head spins. 

In the early days of the www, registering a domain was expensive +$100? and time consuming. Cyber squatters needed to make some hefty bets, and of course some did pay out, but a lot of them faded into nothing.

Currently Nxt are worth about USD $.01, and the process is as easy as link. Like I said, not going to want to be caught sleeping tomorrow. Ugh, Imagine if the internet at home goes down..haha

[giveBTCpls]

No one ive shown this coin to have figured out how to mine or anything, myself included. How?
Edit: anyway im looking at a tutorial. How do I know how many coins per day can I get based on your hardware power?
edit:2 ok ive understood this is irrelevant