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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756163 times)
utopianfuture
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December 26, 2013, 02:44:12 PM
 #8521

I think a better idea would be to IPO the service providers/gateways


for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.


BCNext
Member

Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote  #446
It is real.

Here is an example

I want to run a business.  I issue an asset (let's call it Krusty Krab tokens - KKT).  I set quantity of KKT to 1000.  I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months.  I create an ask order -- 1000 KKT for 20,000 NXT.  You create a transaction that sends me 500 NXT for 25 KKT.  It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT.  And I will send 5 NXT for each KKT to those who owns them.  




Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities.

What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.


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timmyd
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December 26, 2013, 02:44:54 PM
 #8522

Does dgex.com work? Login doesn't work.
Down atm pal only the landing page loads for me. Hang in there im pretty sure there on with sorting it

Monthly profits from Www.Banxcapital.com
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xibeijan
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December 26, 2013, 02:45:31 PM
 #8523

CfB, how is the decentralised exchange testing going?

Notable projects 2019: Semux, Dero, Wagerr, BEAM
Come-from-Beyond
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December 26, 2013, 02:46:15 PM
 #8524

What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.

Why did noone implement this on Bitcoin platform yet? 5 years have passed.
smartwart
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December 26, 2013, 02:47:15 PM
 #8525

Automatic Public Node Update Script

I just wrote a simple python script that fetches a list of public servers I collect in a text file and puts them into the NXT server config. This is the node file.

You can find it on my node server.

Usage is quite simple. The only prerequisite is to have a symlink to the config file (web.xml) in the NXT rootdir:

Code:
~/nxt$ ln -s webapps/root/WEB-INF/web.xml configfile

I find this more elegant than drilling down into the dir explicitly. If you do not like this very much, alter the configFilename variable in the script.

When ready, just start the script:

Code:
python updatePublicNodes.py

Hope this reduces some hassle for node admins.


Rockt !!!

NxT: 13574045486980287597
landomata
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December 26, 2013, 02:47:37 PM
 #8526

I think a better idea would be to IPO the service providers/gateways


for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.


BCNext
Member

Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote  #446
It is real.

Here is an example

I want to run a business.  I issue an asset (let's call it Krusty Krab tokens - KKT).  I set quantity of KKT to 1000.  I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months.  I create an ask order -- 1000 KKT for 20,000 NXT.  You create a transaction that sends me 500 NXT for 25 KKT.  It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT.  And I will send 5 NXT for each KKT to those who owns them. 




Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities.

What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.

A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan bank in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it.


Edit:
Imaging the volume of fee generated by BTC/Nxt Gateway....this gateway should be the 1st Nxt Asset Exchange IPO.


so it would not be under the control of one individual...and anyone can buy in at anytime.

this IPO would see huge demand!

Come-from-Beyond
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December 26, 2013, 02:47:56 PM
 #8527

CfB, how is the decentralised exchange testing going?

We've done with testing. Now all depends on when nexern completes his client.
bitcoinpaul
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December 26, 2013, 02:48:05 PM
 #8528

What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.

Nxt revolution, ladies and gentlemen!
usecoinsnotcash
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December 26, 2013, 02:48:21 PM
 #8529

NXT almost overtaking master coin very cool!! If anyone would like to buy my NXT please PM me, selling them asap
jeroenn13
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December 26, 2013, 02:54:17 PM
 #8530

NXT almost overtaking master coin very cool!! If anyone would like to buy my NXT please PM me, selling them asap

Possible happens, not sure what happens when MSC will use milli-mastercoins. The problem for mastercoin is the BTC per Mastercoin.
Another problem is that 80% of the new NXT adopters and MSC adopters dont even know what NXT or MSC is.

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notsoshifty
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December 26, 2013, 02:54:28 PM
 #8531

Yes, parallelization is more sophisticated. Current implementation is called Nxt Reference Software. We could optimize networking by using binary protocol instead of JSON, but this would increase entry barrier for newbie programmers. The same is applied to other parts of NRS.

So if I understand it right, the idea is that the community develops new clients that are functionally the same as NRS (i.e. do the same thing, and communicate with other peers using the same protocol), either by forking NRS or starting from scratch (perhaps in another language). But where/when is Next defined, e.g. requirements on behaviour and communication protocol? Will this be separately released, or does the specification basically equal the source code (bugs & all)?
davethetrousers
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December 26, 2013, 02:54:36 PM
 #8532

Mastercoin devs scrambling to crash dgex ...

utopianfuture
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December 26, 2013, 02:54:59 PM
 #8533

I think a better idea would be to IPO the service providers/gateways


for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.


BCNext
Member

Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote  #446
It is real.

Here is an example

I want to run a business.  I issue an asset (let's call it Krusty Krab tokens - KKT).  I set quantity of KKT to 1000.  I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months.  I create an ask order -- 1000 KKT for 20,000 NXT.  You create a transaction that sends me 500 NXT for 25 KKT.  It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT.  And I will send 5 NXT for each KKT to those who owns them.  




Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities.

What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.

A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it.




I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange.

I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange.  Remember in nxt asset exchange, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions

I understand why BCnext has to be anonymous.


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Come-from-Beyond
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December 26, 2013, 02:56:00 PM
 #8534

Yes, parallelization is more sophisticated. Current implementation is called Nxt Reference Software. We could optimize networking by using binary protocol instead of JSON, but this would increase entry barrier for newbie programmers. The same is applied to other parts of NRS.

So if I understand it right, the idea is that the community develops new clients that are functionally the same as NRS (i.e. do the same thing, and communicate with other peers using the same protocol), either by forking NRS or starting from scratch (perhaps in another language). But where/when is Next defined, e.g. requirements on behaviour and communication protocol? Will this be separately released, or does the specification basically equal the source code (bugs & all)?

The same as in Bitcoin. Protocol is defined by code (including bugs and work-arounds).
jeroenn13
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December 26, 2013, 02:56:03 PM
 #8535

Mastercoin devs scrambling to crash dgex ...

No reason for them to do that.

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......Play......
intel
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December 26, 2013, 02:57:12 PM
 #8536

No.

Looks like a bug. I bet it will be found and fixed after 3rd of Jan.

So, you dont have the same issue, right? What version are you personally running?

[!] 24.7 NXT News Portal. Real-Time Update. Share your own news with NXT community and get FREE NXT!
utopianfuture
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December 26, 2013, 02:58:31 PM
 #8537

I think a better idea would be to IPO the service providers/gateways


for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.


BCNext
Member

Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote  #446
It is real.

Here is an example

I want to run a business.  I issue an asset (let's call it Krusty Krab tokens - KKT).  I set quantity of KKT to 1000.  I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months.  I create an ask order -- 1000 KKT for 20,000 NXT.  You create a transaction that sends me 500 NXT for 25 KKT.  It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT.  And I will send 5 NXT for each KKT to those who owns them. 




Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities.

What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.

A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan bank in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it.


Edit:
Imaging the volume of fee generated by BTC/Nxt Gateway....this gateway should be the 1st Nxt Asset Exchange IPO.


so it would not be under the control of one individual...and anyone can buy in at anytime.

this IPO would see huge demand!


The gateway has to be one individual's responsibility. This person needs to be loaded so that he can perform the act of exchanging Nxt/ Btc at any request of buyers/ sellers. It is not going to be an easy task.


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  TomoChain  •    •  TomoChain 
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December 26, 2013, 02:58:52 PM
 #8538

I think a better idea would be to IPO the service providers/gateways


for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.


BCNext
Member

Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote  #446
It is real.

Here is an example

I want to run a business.  I issue an asset (let's call it Krusty Krab tokens - KKT).  I set quantity of KKT to 1000.  I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months.  I create an ask order -- 1000 KKT for 20,000 NXT.  You create a transaction that sends me 500 NXT for 25 KKT.  It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT.  And I will send 5 NXT for each KKT to those who owns them.  




Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities.

What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale.

A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it.




I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange.

I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange.  Remember in nxt asset excahnge, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions

I understand why BCnext has to be anonymous.

I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns.


other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further.



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December 26, 2013, 02:59:49 PM
 #8539

So, you dont have the same issue, right? What version are you personally running?

0.4.8. I do have this issue time to time.
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December 26, 2013, 03:00:05 PM
 #8540

NXT almost overtaking master coin very cool!! If anyone would like to buy my NXT please PM me, selling them asap

Possible happens, not sure what happens when MSC will use milli-mastercoins. The problem for mastercoin is the BTC per Mastercoin.
Another problem is that 80% of the new NXT adopters and MSC adopters dont even know what NXT or MSC is.

Hahaha very true!
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