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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755864 times)
ZeroTheGreat
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December 26, 2013, 10:25:02 AM
 #8321

too much risk with this
That's correct! Manage risks.
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rickyjames
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December 26, 2013, 10:36:02 AM
 #8322

Unless there is some serious dumping by top-tier genesis block foundersto keep prices down, the amount in wide circulation is going to get choked off at a  very small percentage of the total because it's just to expensive to buy.  

Don't worry about distribution.

In January real (10-100x bigger) DDoS and other types of attacks will start when hackers read the source code, many stakeholders will lose some or all faith and will sell a lot of their coins.

Exactly.  And in so doing, lose a lot of money they invested at an exchange early on, while only releasing the small proportion of coins that were sold to them earlier by initial founders. This is my definition of "a bumpy ride".

Meanwhile, the founders have no financial incentive to sell during a price decline like the one you describe.   They can "afford" to ride NXT all the way back down to zero at an exchange and lose at most 1 BTC in real money out of pocket while waiting out any price decline.  They have effectively zero risk here no matter what happens. 

Unless they now think of themselves as becoming rich in the last 90 days, and a need to get their new-found but unrealized wealth out of the market while they still can....

For them, "that's a bumpy ride", too....
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December 26, 2013, 10:38:23 AM
 #8323

Need help!

Sorry if my problem is written already, but with my poor English it's  not possible to read this whole thread - this would need month meanwhile...

I downloaded and installed nxt.zip version 0.3.13. I created the bat-file and created in my browser my account. I see working "active peers" and in the blocks field is written "Recent blocks (60)" -  nothing else...
I thought nothing happened because I don't have any NXT in my account and bought some at dgex.com. Now I see in the blockchain that the NXT are sent to my account, but nothing changed... I don't see them in my account and no more blocks appairs...
What I am doing wrong? I have to say that I have a very low internet connection.. Can this be my problem?

Thanks for any help!

you should at least instal 0.4.5

Now I have installed the new version - but it seems worse...  
Blocks are the same - 60, but only 1 peer (before have been much more).

What's now?! Sad

what version u installed? use 0.4.7e , it contains valid block and transaction file.

Guys can someone please link me to a proper hallmark thing wiki page where I can get some info on that. I am going all out and installing at least 10 nodes, hallmarked. Just tell me what I can do to help, Not being able to forge is really pissing me off....

why not check first page  Huh


Yes, I have installed the newest one: 0.4.7e and something is working - I can see there is  traffic. But in my account changes nothing.

Once more: can somebody help!!! Please...
EmoneyRu
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December 26, 2013, 10:39:41 AM
 #8324

I like the idea but not the premine
There's no such thing as pre-mine in only-PoS-system. All coins in system creates manually with a line of code. Well, some dev can pre-sell 100% and say that he only later buy some for himself at exhcange(s) (transparent, if all other first-time stakeholders revealed, ofc), but it'll be much more suspicious (at least, for me).

Idea that some people have all coins and distributing them is fairly is Utopia. I still think that coin should be generated.
You don't need mining via calculating useless numbers? Create them randomly from transactions and give them for node hosting (independently for current stake), for file hosting, for participating in Grid. Whatever we can imagine and check. How many should be generated and what ratio should be? Voting system is planned - lets use it.

I think it is bubble now. Price too high for the current number of features.
Why I'm here:
* i already got x N for invested money + donations
* it is interesting
* need for setting up servers made me learn some new technologies

First one is good, but it is too low to prevail on others.
@all just have fun!

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December 26, 2013, 10:41:14 AM
 #8325

i read somewhere that nxt could be used for decentralized file storage.

i was about to start building a service based on datacoin, can someone point me to a document or thread with more information about that?

thinking about switching targets
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December 26, 2013, 10:41:27 AM
 #8326

Could someone shed some light on aliases? I did about 200 or so mostly for fun, some serious. Here's my account using the new alias action in block explorer:

http://87.230.14.1/nxt/nxt.cgi?action=4000&acc=13891739725946840876

You can see the fees deducted, the transactions, everything, but I have 0 aliases listed. Does it take block explorer time to list them?
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December 26, 2013, 10:45:15 AM
 #8327

Nxt has just overtaken Peercoin and is on the 4th position.

http://coinmarketcap.com/

Mastercoin not far away.


Chancellor on brink of second bailout for banks
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December 26, 2013, 10:45:25 AM
 #8328

@CfB, could you please explain how to set those parameters?

Thanks.


Questions on hallmark:

How to set the weight, and the date to get the hallmark?

Should I set the weight as the number of coins in my account?

If u own only 1 node, then set weight to 100. Use http://localhost:7874/admin.html
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December 26, 2013, 10:46:06 AM
 #8329

Nxt has just overtaken Peercoin and is on the 4th position.

http://coinmarketcap.com/

Mastercoin not far away.

won't take long for it to take position #3
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December 26, 2013, 10:46:24 AM
 #8330

Next Forge Simple Game.
Player 1 (his name is Half) throw 1 dice and multiply number on 2.
Player 2 (his name is TwoQuarters) throw 2 dices and get maximum of two numbers.
To win player should get bigger result.

Who has a better chance of winning?
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December 26, 2013, 10:51:24 AM
 #8331

Here's a question from j0b (who for some reason can't post in here) :

"if a new client joins the network and need to sync the blockchain. if the clients current blockchain id is >= existing blockchain number - 10000 (or something).. send a compressed version of blockchain and extract it locally"

Wouldn't that save a bit on processing, as some clients may not have an up-to-date blockchain. (new users, etc)

Think of it as gzip compression in PHP.

Thoughts?

ZeroTheGreat
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December 26, 2013, 10:53:15 AM
 #8332

I still think that coin should be generated.
No difference. That one who have more $ (our actual most liquid money) can mine MORE (FPGA, ASICs, so on), that one who can have more $ can buy more units of PoS-only currency.

What's fair distribution? If u'll give every person on the planet same amount of money (distribute wealth with authority), later (if there's free markets) disposition of wealth very fast change. A few'll have a lot wealth, and others — a few. Cos we're (people) not even, some do the math and interact better, some worse, some go with cooperation, some with wild competiotion. Disagree? Look at distribution of (precious  Cheesy ) Bitcoins across all bitcoiners.

I'm not a one of 71 either, but I'm seeing absolutely no problem with system.
ZeroTheGreat
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December 26, 2013, 10:57:19 AM
 #8333

i read somewhere that nxt could be used for decentralized file storage.

i was about to start building a service based on datacoin, can someone point me to a document or thread with more information about that?

thinking about switching targets

Some lines of text per transaction, or we'll have really bloated blockchain. Decentr. cloud should be implemented parallel with ecosystem (another app/company), I suppose not hard-syncronyzed.
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December 26, 2013, 10:58:18 AM
 #8334

Here's a question from j0b (who for some reason can't post in here) :

"if a new client joins the network and need to sync the blockchain. if the clients current blockchain id is >= existing blockchain number - 10000 (or something).. send a compressed version of blockchain and extract it locally"

Wouldn't that save a bit on processing, as some clients may not have an up-to-date blockchain. (new users, etc)

Think of it as gzip compression in PHP.

Thoughts?



Looks like premature optimization.
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December 26, 2013, 11:00:14 AM
 #8335

i read somewhere that nxt could be used for decentralized file storage.

i was about to start building a service based on datacoin, can someone point me to a document or thread with more information about that?

thinking about switching targets

Some lines of text per transaction, or we'll have really bloated blockchain. Decentr. cloud should be implemented parallel with ecosystem (another app/company), I suppose not hard-syncronyzed.

This similar to merge-mining. Someone can charge extra fees for transactions in parallel chains (dedicated to file storage for example).
brooklynbtc
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December 26, 2013, 11:02:28 AM
 #8336

----------------------------------------------
blockexplorer update
----------------------------------------------

here is a nice example (1.721 registered aliases) -> http://87.230.14.1/nxt/nxt.cgi?action=4000&acc=2345678935869777788



cybersquatter  Grin

we're trying..

http://87.230.14.1/nxt/nxt.cgi?action=4000&acc=15436509232181115695

SN
S   U   P   E   R    N   E   T
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   
Uniting cryptocurrencies, Rewarding talent, Sharing benefits..

Blockchain Technology.

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December 26, 2013, 11:12:45 AM
 #8337

----------------------------------------------
blockexplorer update
----------------------------------------------

here is a nice example (1.721 registered aliases) -> http://87.230.14.1/nxt/nxt.cgi?action=4000&acc=2345678935869777788



cybersquatter  Grin

we're trying..

http://87.230.14.1/nxt/nxt.cgi?action=4000&acc=15436509232181115695

For what is this? If I take an aliase like "blablabla" someone can use this to send me NXT instead of using my account number?
How can I register an aliase?
BloodyRookie
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December 26, 2013, 11:16:30 AM
 #8338

Next Forge Simple Game.
Player 1 (his name is Half) throw 1 dice and multiply number on 2.
Player 2 (his name is TwoQuarters) throw 2 dices and get maximum of two numbers.
To win player should get bigger result.

Who has a better chance of winning?

Player 1. Why are you asking?

Nothing Else Matters
NEM: NALICE-LGU3IV-Y4DPJK-HYLSSV-YFFWYS-5QPLYE-ZDJJ
NXT: 11095639652683007953
EmoneyRu
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December 26, 2013, 11:17:23 AM
 #8339

For what is this? If I take an aliase like "blablabla" someone can use this to send me NXT instead of using my account number?
How can I register an aliase?

Look here

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December 26, 2013, 11:19:41 AM
 #8340

http://i.imgur.com/4NRKNZ6.jpg


Now my balance is at -8.
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