NXT :: descendant of Bitcoin - Updated Information

[utopianfuture]

Where is EvilDave ? the esteemed head of prestigious Infrastructure Committee ? I would like to discuss the transference of 48380 NXT private bounty for the best Open-Source client for NXT to the Infrastructure Committee.

[Sebastien256]

If you guys think it is a good idea that we should spend days and days discussing everything like this in circles then fine - but please understand that the "real work" that needs to be done (which depends upon things like this) just gets *delayed* and *delayed* (probably *exactly* what Ethereum and others would be *very keen* to see happening).

I think this is a problem because of this long long thread, discuting important issue in a forum would avoid going in circle like that, especially if some subject are pin once resolved. We have no 100% thrust forum. nxtcrypto can go down anytime and nextcoin is too affiliated with graviton dgex. I am wrong?

[BrianNowhere]

guys we fell behind doge coin again on http://cryptmarketcap.com/ this can not stand. i dont care if nxt ever goes more than a penny higher than dogecoin just for christ sake don't let it fall behind that damned doge again.

I don't see a long-term future for Doge   

i wish i could be so confident. i dont buy any doges as a matter of principal but im afraid that thing may have a great deal more staying power than it deserves.

Have you ever tried to open up a Dogecoin client after not opening it for a week? It takes almost a whole day to load the blockchain. Until someone comes up with a Multibit type client (which uses the Merkle tree to sample the blockchain, something i don't know if it is possible with Doge) I don't see DoGE being very long for this world.

[Mistafreeze]

The controversy is in whether or not the listed asset names should be unique to one issuer, or if whoever issued an asset could call it what ever they want.

And the controversy has been answered in that it is no different to a Bitcoin address.

Do you just send money to 1MSFT first bits?

Of course not - you'd do your "due diligence" by going to a company's "official website" (in HTTPS) and find where they have the Bitcoin address for you to "copy and paste".

If you guys think it is a good idea that we should spend days and days discussing everything like this in circles then fine - but please understand that the "real work" that needs to be done (which depends upon things like this) just gets *delayed* and *delayed*.

I agree. Using the Alias in front of the asset name seems like a good solution for branding and preventing squatting. If the names were unique, some jackass would squat Bitcoin and we'd end up with assets named B1tc01n and look like a bunch of baboons.

Stupid people are going to get scammed no matter what you do. Remember,  people will actually give their bank account to people in Nigeria on receipt of an email saying that the royal prince needs their help to save his millions.

[BrianNowhere]

If you guys think it is a good idea that we should spend days and days discussing everything like this in circles then fine - but please understand that the "real work" that needs to be done (which depends upon things like this) just gets *delayed* and *delayed* (probably *exactly* what Ethereum and others would be *very keen* to see happening).

I think this is a problem because of this long long thread, discuting important issue in a forum would avoid going in circle like that. We have no functionnal forum. nxtcrypto can go down anytime and nextcoin is too affiliated with graviton dgex. I am wrong?

+1

I think this thread has it's purposes but for some things it leads to this circular firing squad thing. It would be nice to be able to have this thread be the main "brainstorming" area with all these tangential controversies sent off to another thread that is just about that issue.
Then when that subject comes up people could just be pointed to the specialized thread.

[Sebastien256]

If you guys think it is a good idea that we should spend days and days discussing everything like this in circles then fine - but please understand that the "real work" that needs to be done (which depends upon things like this) just gets *delayed* and *delayed* (probably *exactly* what Ethereum and others would be *very keen* to see happening).

I think this is a problem because of this long long thread, discuting important issue in a forum would avoid going in circle like that. We have no functionnal forum. nxtcrypto can go down anytime and nextcoin is too affiliated with graviton dgex. I am wrong?

+1

I think this thread has it's purposes but for some things it leads to this circular firing squad thing. It would be nice to be able to have this thread be the main "brainstorming" area with all these tangential controversies sent off to another thread that is just about that issue.
Then when that subject comes up people could just be pointed to the specialized thread.

Nxt is in dared need of a 100% trust forum. Im wondering how long it will take until we get one. I believe community fund should fund a forum to get thing structure a bit. It good to be decentralized, but not desorganized.

[ZeroTheGreat]

(I recall I sold 20'000 LTC for ~50 USD total, now I would sell this for 300'000 USD. It was my own fault, I learnt the lesson and gonna hold NXTs even if the price drops 100-fold.)

Exactly. There's no point:
— to let scarce resourse out of your hands completely in one moment, if there's no life and death issue (u'll or have nothing, if this resourse'll become useless, or u'll have growing wealth until this resours hits cap of liquidity — market of planet Earth);
— to spend more than u earn, cos it'll create debt pyramid. Pay-as-you-go, cos there's always someone who had to pay.

1 NXT = $1000 means NXT reaches the ballpark where Bitcoin is now after five years of utilization and growth.  If that's not your goal for where we are at the end of OUR first five years, you're not dreaming big enough.

We actually don't know world's healthy GDP and healthy %-growth of it (+ we don't know real interconnection factor). Besides, not only each NXT'll potentially contain more wealth (goods/services), cos NXTs're scarce, but also our life level'll be higher, cos economy around us'll be cured from centralized finances.

[mthcl]

There is no reward - the wrongdoer is simply forbidden to forge for quite some time (this I mean by "penalty"), and the procedure is repeated (immediately or after a few blocks).

@CIYAM, @CfB, @ChuckOne, ..., - can you comment on this randomization procedure I proposed on the previous page?

First X accounts (w.r.t. the inverse weights) choose some "random" numbers locally, and publish their hashes. X is supposed to be large enough so that the bad guy would never control exactly all of them. Then, they publish numbers themselves; if the published number does not correspond to the hash or is not published at all, then the corresponding account is heavily penalized. If that happens for at least one account, the whole procedure is invalidated (and we wait for the next try).

Won't work if the penalty < reward.

[BrianNowhere]

Nxt is in dared need of a 100% trust forum. Im wondering how long it will take until we get one. I believe community fund should fund a forum to get thing structure a bit. It good to be decentralized, but not desorganized.

My vote is for reddit.com/r/nxt

it is one of the most popular websites in the world, easily segmented by subject heading where the arguments can flow freely in a self-contained way.

I would also argue that reddit.com/r/dogecoin was instrumental in the dogecoin becoming as well known as it is.

[Come-from-Beyond]

There is no reward - the wrongdoer is simply forbidden to forge for quite some time (this I mean by "penalty"), and the procedure is repeated (immediately or after a few blocks).

Reward == to be able to forge a lot of blocks in a row.

[wesleyh]

Nxt is in dared need of a 100% trust forum. Im wondering how long it will take until we get one. I believe community fund should fund a forum to get thing structure a bit. It good to be decentralized, but not desorganized.

I'm setting one up now and if opticalcarrier agrees it can be the new forums.nxtcrypto.org:

http://107.170.117.237

[Come-from-Behind]

NXT is like PRISON? MMMM This sounds good to me

[CIYAM]

NXT is like PRISON? MMMM This sounds good to me

Hmm... CfB is that your double?

[Come-from-Beyond]

NXT is like PRISON? MMMM This sounds good to me

Hi, evil twin.

[Sebastien256]

Nxt is in dared need of a 100% trust forum. Im wondering how long it will take until we get one. I believe community fund should fund a forum to get thing structure a bit. It good to be decentralized, but not desorganized.

I'm setting one up now and if opticalcarrier agrees it can be the new forums.nxtcrypto.org:

http://107.170.117.237

So when there is important subject, let move the conversation there! That would help!

[salsacz]

Nxt is in dared need of a 100% trust forum. Im wondering how long it will take until we get one. I believe community fund should fund a forum to get thing structure a bit. It good to be decentralized, but not desorganized.

I'm setting one up now and if opticalcarrier agrees it can be the new forums.nxtcrypto.org:

http://107.170.117.237

I would like to ask for renamming: "Marketing Committee" to "Marketing Committee Proposals" (or not if its possible to have "Marketing Committee Proposals" as a subforum in ""Marketing Committee") and creating simple "Marketing" subforum in "NXT Projects"

[Sebastien256]

Nxt is in dared need of a 100% trust forum. Im wondering how long it will take until we get one. I believe community fund should fund a forum to get thing structure a bit. It good to be decentralized, but not desorganized.

I'm setting one up now and if opticalcarrier agrees it can be the new forums.nxtcrypto.org:

http://107.170.117.237
[/quote]

Nice it look like bitcointalk!

EDIT: @wesley, make sure there is two admins, to avoid the case that Nxt have with nxtcrypto at the moment.

[wesleyh]

Nxt is in dared need of a 100% trust forum. Im wondering how long it will take until we get one. I believe community fund should fund a forum to get thing structure a bit. It good to be decentralized, but not desorganized.

I'm setting one up now and if opticalcarrier agrees it can be the new forums.nxtcrypto.org:

http://107.170.117.237

Nice it look like bitcointalk!

EDIT: @wesley, make sure there is two admins, to avoid the case that Nxt have with nxtcrypto at the moment.
[/quote]

That was the idea (to make it look like bitcointalk), and yes there will be more than 1 admin

[BrianNowhere]

Nxt is in dared need of a 100% trust forum. Im wondering how long it will take until we get one. I believe community fund should fund a forum to get thing structure a bit. It good to be decentralized, but not desorganized.

I'm setting one up now and if opticalcarrier agrees it can be the new forums.nxtcrypto.org:

http://107.170.117.237

Nice it look like bitcointalk!
[/quote]

+1

NOICE!

 It would also be nice to have NXT discussions taking place at a place that isn't named after bitcoin.

[GCInc.]

We have no 100% thrust forum. nxtcrypto can go down anytime and nextcoin is too affiliated with graviton dgex. I am wrong

Yes, you're wrong. Nextcoin.org is working perfectly for any community group efforts that are being coordinated there, and there are a bunch. The initial badmouths have done good job in twisting the image of nextcoin.org - which IS a community forum despite me being the admin. The forum has an active moderation policy operated by community members. Distracting and harassing content is not tolerated, which is a positive aspect since it keeps progress very focused. Fortunately we have sailed smoothly with our 5100+ members since the few initial trolling inclinations were got rid of.

I encourage transfer of community efforts to nextcoin.org from this clumsy thread, and will soon have more good news that will technically kick up support of project management over there.