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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2752714 times)
landomata
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December 22, 2013, 02:01:48 PM
 #5041

good so messaging will generate a lot of transaction fees....I am repeating that there is a strong demand for anonymous messaging we need to move fast on this....we can really win the market if we move fast...there is real market demand.

maybe we should increase the resources devoted to this feature

Task #1 is to increase number of nodes available on the Internet.

wouldn;t messaging increase the node count as msg senders & receivers would count as nodes if their account was unlocked and client was running?
 

According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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laowai80
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December 22, 2013, 02:10:40 PM
 #5042

I noticed one feature or bug, not sure.
I registered a word starting with an upper case first letter, then registered it again, but started with a lower case.
Although the second transaction went ok and got confirmed, the alias still shows starting with an upper case first letter.
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December 22, 2013, 02:12:34 PM
 #5043

When is the colored coins decentralised exchange expected?

Notable projects 2019: Semux, Dero, Wagerr, BEAM
salsacz
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December 22, 2013, 02:14:59 PM
 #5044

All this registering is actually tiresome when there is so much land to plough.
After dust settles we all have to figure out what to do with those cool names Smiley


That is why I never bothered with all the various porn keywords. Too much work to setup all those sites per sex interest!   Cheesy

Personally... the same way I will sit on my NXT until we exit the atmosphere, the same way I will await the day that perhaps someone will also find value in my aliases.  I will definitely think of some appropriate URIs until then though.

Wish I could help with the development side too... but to late to learn how to code.   Angry



But we cannot only sit. We need work hard to get there. Programmators won't help us with marketing, community needs to do that.

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
xibeijan
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December 22, 2013, 02:15:11 PM
 #5045

When is the colored coins decentralised exchange expected?

Aliases is a great feature.

Aside from the decentralised DNS, which is great, it also enables account aliases.

Therefore, NXT is the first crypto currency to offer human readable account names!

Notable projects 2019: Semux, Dero, Wagerr, BEAM
Pablito89
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December 22, 2013, 02:15:32 PM
 #5046

I noticed one feature or bug, not sure.
I registered a word starting with an upper case first letter, then registered it again, but started with a lower case.
Although the second transaction went ok and got confirmed, the alias still shows starting with an upper case first letter.

because if you register the same name, you just update your transaction. you lose the double fee

laowai80
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December 22, 2013, 02:17:55 PM
 #5047

because if you register the same name, you just update your transaction. you lose the double fee

yeah, I got that, looks like lower case and upper case don't matter, and re-registering only updates the URI, but the alias stays set as it was set the first time, case wise.
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December 22, 2013, 02:29:28 PM
 #5048

@CfB,

is "numberOfUsers":6 how many users have unlocked account on this node at the moment or just active peers?
xibeijan
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December 22, 2013, 02:45:28 PM
 #5049

I am going to say this again.

Thanks to aliases, NXT is the first crypto currency to offer human readable account names!

This is huge and will make NXT #1 in terms of easy of use and mass adoption.

Or, am I misunderstanding something here?

Notable projects 2019: Semux, Dero, Wagerr, BEAM
laowai80
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December 22, 2013, 02:48:49 PM
 #5050

I am going to say this again.

Thanks to aliases, NXT is the first crypto currency to offer human readable account names!

This is huge and will make NXT #1 in terms of easy of use and mass adoption.

Or, am I misunderstanding something here?

Yeah, the owner of the alias could set the URI to his account id, and that would make it easy to remember.
Since the framework is there, someone sooner or later will develop a tool to make these mappings transparently built into the client software, shouldn't be hard for a decent coder.
EmoneyRu
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December 22, 2013, 02:50:52 PM
 #5051

All words from "The 20 Most Expensive Keywords in Google AdWords" were registered by somebody (not me). Good job!  Wink

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December 22, 2013, 02:56:03 PM
 #5052

Total newbie here, I'm just trying to wrap my head around how this works, but can someone please give me some ballpark / average figures regarding if this is a worthwhile investment financially? (Ignoring for a minute the greater advantages or disadvantages of cyptocurrencies in general, or of one over another)

Assuming the exchange rate of NXT to USD or whatever fiat currency remained stable (which I presume people hope / expect it won't but rather will rise) what kind of return does the PoS give compared to if I had fiat currency in a savings account at maybe 3% compounded interest. If I bought 1,000,000 NXT how much NXT would I have after 1 year, assuming I forge 24/7?
Is the return based on the number of transactions, so the more it's traded the more you earn? Is there a difficulty factor like bitcoin has? I assume the more people that a forging, the smaller the piece of pie that you get.

If you got a 5% return on 1,000,000 NXT, do you also get a 5% return if you have 100,000,000? Or does a larger stake mean a greater reward per coin?

I appreciate the numbers change but what I'm trying to figure out is, if you mine whatever altcoin, you make an initial outlay of capital for mining equipment, and then regardless of the exchange rate, you earn an income from mining that coin, bitcoin is obviously a bad example now because it's not profitable, but but if you're mining litecoins, say, then you making a return on your initial investment isn't dependent on the value of litecoin going up over time. Is there a tangible return on NXT, or are your only real hopes for the coins you forge being worth anything significant dependent on NXT being adopted by a decent percentage of the market?

Sorry if none of that makes any sense.
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December 22, 2013, 03:17:07 PM
 #5053

All this registering is actually tiresome when there is so much land to plough.
After dust settles we all have to figure out what to do with those cool names Smiley


That is why I never bothered with all the various porn keywords. Too much work to setup all those sites per sex interest!   Cheesy

Personally... the same way I will sit on my NXT until we exit the atmosphere, the same way I will await the day that perhaps someone will also find value in my aliases.  I will definitely think of some appropriate URIs until then though.

Wish I could help with the development side too... but to late to learn how to code.   Angry
Try Python @codeacademy
klee
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December 22, 2013, 03:25:19 PM
 #5054

This guy is a serious businessman - http://localhost:7874/nxt?requestType=listAccountAliases&account=8777528113398257759

This is his site - http://www.nxto.net/

Edit: He uses russian aliases written with latin letters.
Wow a new exchange? Do you have any more info CfB?
salsacz
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December 22, 2013, 03:37:53 PM
 #5055

thank you for letting me "Taumatawhakatangihangakoauauotamateapokaiwhenuakitanatahu" Cheesy

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
starik69
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December 22, 2013, 03:41:57 PM
 #5056

Its funny - CFB managed to make transaction before the genesis block!

ACCOUNT   :   11541844302056663007

TimestampAccountAmountFeeTransactionBlock
24.11.2013 13:00:0017390689871930238184,987,575021196151076773907072680262203532249785
24.11.2013 12:44:31788804080591,000,000100401618903904572922614084146571794201371

(Really it get into sixth block  Wink )
mkmen
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December 22, 2013, 03:52:20 PM
 #5057

I have to say, I'm impressed by Nxt, 2000+ unconfirmed transactions at once multiple times after the alias system launch and the client and network had no problems at all (at least for me).

Great job Come-from-Beyond and BCNext.
opticalcarrier
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December 22, 2013, 03:54:46 PM
 #5058

I noticed one feature or bug, not sure.
I registered a word starting with an upper case first letter, then registered it again, but started with a lower case.
Although the second transaction went ok and got confirmed, the alias still shows starting with an upper case first letter.

the 2nd one was considered a reassignment of the target URI
opticalcarrier
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December 22, 2013, 03:56:11 PM
 #5059

It is funny, but "NxtVSBTC" was bought because of misunderstanding how alias register system works (see here) Grin

He'll get his money back after selling the alias I believe Smiley

can you please get us english speakers the short translated version of why he wanted that alias, what it means, and how it was a misunderstanding, and why he paid so much?
MyZhre
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December 22, 2013, 03:56:48 PM
 #5060

Its funny - CFB managed to make transaction before the genesis block!

ACCOUNT   :   11541844302056663007

TimestampAccountAmountFeeTransactionBlock
24.11.2013 13:00:0017390689871930238184,987,575021196151076773907072680262203532249785
24.11.2013 12:44:31788804080591,000,000100401618903904572922614084146571794201371

(Really it get into sixth block  Wink )

strange, where the 1M+100 came from before this account receive any incoming fud?

NXT: 13997163105778396158
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