NXT :: descendant of Bitcoin - Updated Information

[IveBeenBit]

Finally, the idea of unique alias tied to asset name is a bad idea. It clear that this solution is problematic, this problematic is the same as the unique asset name.
The only method that will be working is to allow free registration  of non-unique asset full name (prefix+suffix). The user should not be taken as dumb. Let the user find out what is the good asset. At first it will be difficult to find the good one, but eventually, when we can sort the asset by volume, it will be easy to find which asset are good and the one that are not good. Volume is like massive positive Vote.

Anyway, if wesley want to do his client like this. It is his choice in some sense. If this solution is not working well, another client will find another solution or he will adapt his client. As long as in the Nxt core, asset name are non-unique, Nxt is strong I think.

Damn! You beat me to it!

[Sebastien256]

Don't you just prove the point? " despite me being the admin"
Im sorry but this sound to me like conflict of interest. I would be happy to change my mind with a good argumentation if you can provide one. Maybe im wrong and I don't understand. Dont take this personnal. What nextcoin is doing is great imo.

The problem with "decentralization" is that things get jammed and do not move anywhere, just like this thread. Was nxtcrypto.org not meant to be decentralized? Every forum does need administrator(s) and moderators, there is no way out of that with any decentralization babble.

Things progress with least friction when there is strong leadership that can delegate responsibilities, just like nextcoin.org is doing with very few carefully picked global moderators. I mostly oversee the operations and have intervened only in the most critical points that are stagnating progress and directing focus to degenerating directions. Such authority lacking, I foresee problems that hinder progress to continue. On the other hand, I am open for suggestions on how to make nextcoin.org better. It would be foolish to start anew when we have a community of 5k members running nicely.

I don'T know how forum right works. But I just don't like (and other) that nextcoin is run on the top level by a business. Is it possible to solve this?

[Anon136]

Finally, the idea of unique alias tied to asset name is a bad idea. It clear that this solution is problematic, this problematic is the same as the unique asset name.
The only method that will be working is to allow free registration  of non-unique asset full name (prefix+suffix). The user should not be taken as dumb. Let the user find out what is the good asset. At first it will be difficult to find the good one, but eventually, when we can sort the asset by volume, it will be easy to find which asset are good and the one that are not good. Volume is like massive positive Vote.

Anyway, if wesley want to do his client like this. It is his choice in some sense. If this solution is not working well, another client will find another solution or he will adapt his client. As long as in the Nxt core, asset name are non-unique, Nxt is strong I think.

Damn! You beat me to it!

I just wanted to say that i don't think the metric here for measuring confidence should be volume. I think it should be total fees payed in the transaction of. That's a much more reliable vote of confidence.

[NxtMinnow]

Hi Gravitron,
I have one really small cosmetic suggestion to make nextcoin.org better. Can you please update the favicon for netcoin.org to the current NXT logo?

Don't you just prove the point? " despite me being the admin"
Im sorry but this sound to me like conflict of interest. I would be happy to change my mind with a good argumentation if you can provide one. Maybe im wrong and I don't understand. Dont take this personnal. What nextcoin is doing is great imo.

The problem with "decentralization" is that things get jammed and do not move anywhere, just like this thread. Was nxtcrypto.org not meant to be decentralized? Every forum does need administrator(s) and moderators, there is no way out of that with any decentralization babble.

Things progress with least friction when there is strong leadership that can delegate responsibilities, just like nextcoin.org is doing with very few carefully picked global moderators. I mostly oversee the operations and have intervened only in the most critical points that are stagnating progress and directing focus to degenerating directions. Such authority lacking, I foresee problems that hinder progress to continue. On the other hand, I am open for suggestions on how to make nextcoin.org better. It would be foolish to start anew when we have a community of 5k members running nicely.

I don'T know how forum right works. But I just don't like (and other) that nextcoin is run on the top level by a business. Is it possible to solve this?

[Sebastien256]

LEt move conversation on AE naming issue at http://107.170.117.237/index.php?topic=4.0

[Come-from-Beyonce]

NXT is like PRISON? MMMM This sounds good to me

Hi, evil twin.

Hi dudes.

Come-from-Above MIA

Pardon?

Come-from-Behind
Come-from-Beyond
Come-from-Below
Come-from-Above

Has anyone seen Come-from-Beyonce lately?

'cuse me, been lurking around in the shadows for too long.

[Come-from-Nowhere]

NXT is like PRISON? MMMM This sounds good to me

Hi, evil twin.

Hi dudes.

Come-from-Above MIA

Pardon?

Come-from-Behind
Come-from-Beyond
Come-from-Below
Come-from-Above

Has anyone seen Come-from-Beyonce lately?

no.

[NxtMinnow]

Good Morning Nxt community! This forum was a little unreliable last night; 502 Bad Gateway Errors from this forum. Now it seems to be under full attack by spammers and trolls. The price action and volume of NXT over the last few days has been impressive, showing that the smart money has moved into NXT. The Nxt community will continue to innovate at the edges of the network. Move the leading edges of Nxt communication from this forum please; post where you are headed if you want.

[IveBeenBit]

What would guarantee its universal acceptance? If trading anything on the network for USD's is allowed the only guarantee is that NXT will be the currency that fees are charged in. I think this would only serve to make the NXT currency less accepted and less in demand. I agree that NXT should have to compete for dominance, but as a platform on a whole; and the base currency of that platform should not be undermined by allowing other currencies that level of influence within the platform.

For all the posting you are doing on this topic, you show no signs of having considered the mathematical reality of what happens when $500 million of business flows into the Nxt system, and they are forced to use only Nxt to settle their trades.

https://bitcointalk.org/index.php?topic=345619.msg5815603#msg5815603

Furthermore, you fail to acknowledge that if a European wants to trade Euros for a commodity or an equity, he will favor the platform that allows him to denominate his trade in Euros. A Nxt fork will emerge that allows that, and we'll all be sitting here as kings of an abandoned currency.

[Jerical13]

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* (probably *exactly* what Ethereum and others would be *very keen* to see happening).

I agree fully. Due diligence is the key really. Verifying who you are buying from is more important than what they call their asset. As long as there is a way for this to happen, that would be best.

I think I see the jest of what you are saying. By using unique assets, it allows for consistent and non-unique seller ID's; which make it easier to cross reference and verify who the seller is. The asset ID is unique and doesn't matter as there will be a label for the asset that will be non-unique, and anyone selling Bitcoins can ID there asset with any unique ID and label it as Bitcoin, and the label will be what is referenced to ID the asset to buyers.

I am with ya

[CIYAM]

I think I see the jest of what you are saying. By using unique assets, it allows for consistent and non-unique seller ID's; which make it easier to cross reference and verify who the seller is. The asset ID is unique and doesn't matter as there will be a label for the asset that will be non-unique, and anyone selling Bitcoins can ID there asset with any unique ID and label it as Bitcoin, and the label will be what is referenced to ID the asset to buyers.

Yes - am glad that you *get* the point.

Scamming is always going to happen but "helping scammers" by "denying real companies to use their own names" is not what I think Nxt wants to be about (if it has any chance at all to appeal to "legitimate business").

[Emule]

meanwhile price nxt: 

[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).

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

If the math model works (=enough randomization), this won't happen anyway, for probabilistic reasons. Then, if the bad guy decides to cheat this randomization procedure, for each attempt to do so he would have to sacrifice one of his top accounts, while gaining absolutely nothing for it (because the procedure will be repeated soon, and one of his top accounts is unable to forge).

[brooklynbtc]

meanwhile price nxt: 

youre right. that is impressive

[bombur55]

Hi,
can I have some testnxt?

12363381624583325837

Thanks

[CIYAM]

12363381624583325837

Sent you 10K.

[bitcoinpaul]

Wait, I was an hour away and we have a new board and this thread is finished soon? This is sad. And great. And sad.

[Sebastien256]

Wait, I was an hour away and we have a new board and this thread is finished soon? This is sad. And great. And sad.

This thread is not finish soon, just move issue that always comming back. Like asset name issue. You can still brainstorm here, but when discussion is mix in 2500 pages, eventually, it is lost. And people is keeped in a infinite loop  .

[Come-from-Beyond]

meanwhile price nxt: 

Next time u should be more clear. I googled ur pic trying to get what u meant and found this:

[Anon136]

since we are doing non-unique names we may as well lower the price of issuing an asset down to the same price as any other transaction. (0.1nxt as it stand now i think right)

can anyone think of a good reason not to?