NXT :: descendant of Bitcoin - Updated Information

[instacalm]

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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[Dervish]

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?

[wesleyh]

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]

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  ) Bitcoins across all bitcoiners.

I'm not a one of 71 either, but I'm seeing absolutely no problem with system.

[ZeroTheGreat]

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.

[Come-from-Beyond]

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.

[Come-from-Beyond]

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

cybersquatter 

we're trying..

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

[punkrock]

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

cybersquatter 

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]

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?

[EmoneyRu]

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

[likepeas]

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


Now my balance is at -8.

[yuriygeorge]

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

http://coinmarketcap.com/

Mastercoin not far away.

CoinMarketCap Equation: Number of Coins in circulations * current price.

Take Peercoin, it still has many years to go to obtain its maximum number of coins in circulation.

With nxt, you got to the maximum (1 billion) right away. How much of that 1 Billion do you think is truly liquid? Meaning, how much could you actually sell over a few days without plummeting the price? Not much. If there was a way to calculate the liquidity of Peercoin, it would probably be higher. All I can say is that in September-October, people poured 21 BTC, or $4,000 into NXT, and to say it's now #3 on MarketCap because all 1B coins are in circulation is misleading.

CoinMarketCap should incorporate market depth into its equation, and not simply use no. of coins * curr. price.

[Come-from-Beyond]

Now my balance is at -8.

Look at unconfirmed transactions. Restart the client and catch recent blocks.

[Dervish]

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?

Because it's game is similar to NXT forging. And allow to answer on question what is more profitable have one account with all money, or split them on several accounts.

And to be more similar to NXT forging. we should change the rules.

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

[Buratino]

What is current height of blockchain?

[timmyd]

block 25003 transparent mining enabled?

[Come-from-Beyond]

CoinMarketCap should incorporate market depth into its equation, and not simply use no. of coins * curr. price.

Sorry, but u r wrong - http://en.wikipedia.org/wiki/Market_capitalization

What market cap shows - that's another question.

[jl777]

We have deployed a beta test NXT gateway, this is a precursor to our trade platform that builds on top of ripple's distributed ledger. You can make a ripple acct in two minutes and deposit and withdrawal is automated

https://peercover.com/#/simpleGateway

Feedback appreciated

James

[Come-from-Beyond]

block 25003 transparent mining enabled?

No. Postponed due to recent events (zombies and crazy fee).