NXT :: descendant of Bitcoin - Updated Information

[bitcoinpaul]

So we have a machine making huge progress and has brilliant ideas. An important part of Nxt. But he uses floating point.

How do we handle this without blood?

[msin]

(snip got knocked out from forging)

Yeah, sucks. Donate to the development fund and live happy ever after.

All those 50 million nxt aren't worth crap without continuous development and marketing guys.

He won't donate anything. He donated less than 0,1% of his stake to nxt development. Less than 1/3 of what he has forged.
He's a selfish dead weight, and won't see that if he helped his stake would worth much more, it's a sort of investment

nope, he is our fund for the future - he will be able to save Nxt when we will need to transform Nxt into the third phase of transparent forging and when we will have established some dev jobs for our future development. He already promised 10 percent of his stake for some development.

Yes, he also has a 3-5mil bounty out for Atomic CCT.  I believe he will distribute when the time comes.  No reason for him to go on a selling spree at this point.

[timmyd]

So guys i cant help thinking whats happening on the 5/4/14?

[salsacz]

So guys i cant help thinking whats happening on the 5/4/14?

cfb will create a new topic

[timmyd]

So guys i cant help thinking whats happening on the 5/4/14?

cfb will create a new topic

im aware of his nxt monetary system if thats what you mean. is the 5th when we find out bcnexts last part of the plan?

[wesleyh]

Is there any way to purchase larger amounts of NXT?
I have failed to do so, and I will most likely give up  

I have signed up on DGEX.com, which looks awfully retro.
Anyway, I have learned that I can only withdraw 3 BTC per Day which is a no-no. Also, NXT withdrawals are made manually and may take up to 48 hours.
This is not a place I feel comfortable with.

Any serious alternatives, besides BTER where the Volume pretty much sucks?

cryptsy? Or trades here in trading thread.

[Eadeqa]

If I did *criticize his code* then here is what he would do:

"I quit".

Then the "fan base" will say:

"James, we need you"

and he will come back without changing a line of code (proof of point his continual use of *binary floating point* despite *all my warnings* and even *my proof in code*).

Really? is he still using floating point? I thought he agreed in the end. Oh well... 

[timmyd]

Is there any way to purchase larger amounts of NXT?
I have failed to do so, and I will most likely give up  

I have signed up on DGEX.com, which looks awfully retro.
Anyway, I have learned that I can only withdraw 3 BTC per Day which is a no-no. Also, NXT withdrawals are made manually and may take up to 48 hours.
This is not a place I feel comfortable with.

Any serious alternatives, besides BTER where the Volume pretty much sucks?

cryptsy? Or trades here in trading thread.

Cryptsy is pretty low volume too tbh. i sold 125k over a couple of days over there. granted the btc withdrawl took minutes which is always good.
Lophie on here seems to sell the odd chunk of nxt on here maybe worth speaking to him

[wesleyh]

Cryptsy also has not enough Volume. The complete order book doesn't even have the amount I want to buy.
Could you give me a pointer to the "trading thread"?

https://bitcointalk.org/index.php?topic=345336.1500

[Evil-Knievel]

Cryptsy also has not enough Volume. The complete order book doesn't even have the amount I want to buy.
Could you give me a pointer to the "trading thread"?

https://bitcointalk.org/index.php?topic=345336.1500

Thanks.

[IveBeenBit]

IMO the smart money trades off exchange, preferably using the bitcoin-otc web of trust. Using this forum's trust database is a distant second, considering how many people stay logged in all the time, and how many times bitcointalk itself has been hacked.

The exchanges are better suited for weekend warriors that fancy themselves day traders or small retail purchases.

Mt Gox is only the latest in a long line of cryptoexchanges that have lost significant amount of user funds.

Until the crypto economy is bigger, we probably won't see an exchange that does security and oversight correctly because the space just isn't big enough to afford a reliable service. The exchanges just can't come up with the capital needed to do it properly.

Instead we still have a bunch of pikers that take advantage of the low barrier to entry. They open an exchange and only realize they are in over their heads after their users' funds are stolen.

But who knows, when the floating point decentralized asset exchanges start cropping up, maybe centralized exchanges will be rendered obsolete. Decentralized exchange may be here before a well-funded and well-run centralized exchange emerges.

[Eadeqa]

Is there any way to purchase larger amounts of NXT?
I have failed to do so, and I will most likely give up  

I have signed up on DGEX.com, which looks awfully retro.
Anyway, I have learned that I can only withdraw 3 BTC per Day which is a no-no. Also, NXT withdrawals are made manually and may take up to 48 hours.
This is not a place I feel comfortable with.

Any serious alternatives, besides BTER where the Volume pretty much sucks?

cryptsy? Or trades here in trading thread.

Cryptsy also has not enough Volume. The complete order book doesn't even have the amount I want to buy.
Could you give me a pointer to the "trading thread"?

Perhaps post here

https://nxtforum.org/trading-exchanges/

and do trade with a well known original stakeholder

[timmyd]

Is there any way to purchase larger amounts of NXT?
I have failed to do so, and I will most likely give up  

I have signed up on DGEX.com, which looks awfully retro.
Anyway, I have learned that I can only withdraw 3 BTC per Day which is a no-no. Also, NXT withdrawals are made manually and may take up to 48 hours.
This is not a place I feel comfortable with.

Any serious alternatives, besides BTER where the Volume pretty much sucks?

cryptsy? Or trades here in trading thread.

Cryptsy is pretty low volume too tbh. i sold 125k over a couple of days over there. granted the btc withdrawl took minutes which is always good.

Let's say I would like to invest 50-75 BTC just for the sake of it. Where would I preferably go?  

Erm you would have to buy bits off the sell walls lol. but do it smart as to not rise the price too much. tbh 50-75btc might even scare off a p2p trade. its alot of cash.

[opticalcarrier]

CIYAM didnt 'find' a flaw.  The limitations and dangers of using floating point math for financial calculations have been well publicized.

[IveBeenBit]

CIYAM didnt 'find' a flaw.  The limitations and dangers of using floating point math for financial calculations have been well publicized.

Can you give a brief explanation why?

[Emule]

as i was telling before my team and i have just found an enormous flaw that could end nxt.

please do not ask how it work as we have decided not to disclose it.

Gl to all of you this was the last post of emule in the nxt forum.

[Ola]

guys this  



cfb is this ready for deployment?

[Eadeqa]

NRS Release 0.8.13

https://nxtforum.org/news-and-announcements/nrs-releases/

[opticalcarrier]

CIYAM didnt 'find' a flaw.  The limitations and dangers of using floating point math for financial calculations have been well publicized.

Can you give a brief explanation why?

wikipedia has the laymans version

https://en.wikipedia.org/wiki/Floating_point#Accuracy_problems

While floating-point addition and multiplication are both commutative (a + b = b + a and a×b = b×a), they are not necessarily associative. That is, (a + b) + c is not necessarily equal to a + (b + c). They are also not necessarily distributive. That is, (a + b) ×c may not be the same as a×c + b×c:

Like I said, this is a very well known limitation in the financial programming world.

[Etanllah]

I just realized that Nxt is actually much better than I realized. I will be buying as much as I can get my hands on.

'bout time Emule