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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756160 times)
gbeirn
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December 26, 2013, 09:24:50 PM
 #8901

Ideas are great but the innovative ones haven't even been developed yet, let alone will they work in practice.

Peercoin is eventually gonna become 99% proof of stake. It's the proof of work there that was in place to ensure a distribution system where anyone can get involved with mining for a couple of years.

This claims to be 100% initial proof of stake, and everyone gets the coins, but how the hell are you gonna distribute these? The excuse, oh they put in a lot of risk ($4,000 by 73 people is not alot of risk).

Whatever greed is going to kill this coin.

A lot has been distributed, when I started looking into NXT I saw at least some of the initial founders sold a huge chunk when prices were going for 0.1 BTC / 100k. Some are just sitting on all their coins, however.

One valid criticism is that the initial distribution could have been improved. 73 founders was too little in my opinion, would have liked to see at least 300 - but I guess it was difficult to get people on board at the time.

No one else wanted to contribute Sad

NXT VPS Server Donations can be sent here: 6044921191674841550
At the end of each month I will donate some of them back to the community.
This is separate from my main wallet so you can keep track of them. I will keep them in there and only use them for hosting.
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ZeroTheGreat
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December 26, 2013, 09:25:01 PM
 #8902

But oh no, the greedy founders! Giving away $10,000+ (at current market prices).
This is an invalid argument. Without adoption your coins holds zero value.
Agree on that. It's very complex system of value as I can recall.
laowai80
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December 26, 2013, 09:27:02 PM
 #8903

By the way, I think someone already is trying to create a clone of NXT, I saw a link, and he is collecting funds now. Why not participate in that project to get huge rewards? Where is that link... someone can find it?

It's called VisaCoin(lol?)...seems so fishy...but I am following it now.

I think yuriygeorge needs to become stakeholder in VisaCoin and get his 600 000%, what do you guys think? Smiley

here I found the link:
https://bitcointalk.org/index.php?topic=384097.0
PeercoinEnthusiast
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December 26, 2013, 09:27:14 PM
 #8904

Some people are destined to sit on the sidelines of life and tell you why things shouldn't work.

*yawn*

JustaBitofTime - Co-Founder of CoinTropolis - Currently assisting Nxt
ZeroTheGreat
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December 26, 2013, 09:29:13 PM
 #8905

Some people are destined to sit on the sidelines of life and tell you why things shouldn't work.
Life masters(-lomasters)  Roll Eyes For that kind of idea (and timing) 6kx for origin price not so suprising, I'm expecting much more in long term.
gbeirn
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December 26, 2013, 09:33:30 PM
 #8906

Some people are destined to sit on the sidelines of life and tell you why things shouldn't work.
Life masters(-lomasters)  Roll Eyes For that kind of idea (and timing) 6kx for origin price not so suprising, I'm expecting much more in long term.

Someone at some point post a cron job to restart the Java process, does anyone know where that went. I for the life of me, can't find it.

NXT VPS Server Donations can be sent here: 6044921191674841550
At the end of each month I will donate some of them back to the community.
This is separate from my main wallet so you can keep track of them. I will keep them in there and only use them for hosting.
wesleyh
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December 26, 2013, 09:34:12 PM
 #8907

Some people are destined to sit on the sidelines of life and tell you why things shouldn't work.
Life masters(-lomasters)  Roll Eyes For that kind of idea (and timing) 6kx for origin price not so suprising, I'm expecting much more in long term.

Someone at some point post a cron job to restart the Java process, does anyone know where that went. I for the life of me, can't find it.

search for supervisor / supervisorctl
yuriygeorge
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December 26, 2013, 09:38:32 PM
 #8908

Some people are destined to sit on the sidelines of life and tell you why things shouldn't work.
Life masters(-lomasters)  Roll Eyes For that kind of idea (and timing) 6kx for origin price not so suprising, I'm expecting much more in long term.

What idea are you talking about? 100% proof of stake? Peercoin will be 99-100% proof of stake too down the road, it's just they wanted to have a better distribution system. And Peercoin is open source and proven technology. Really, 6kx the price?

Colored coins? Distributed Exchange? These things haven't even been developed yet, or let alone will they work in practice. If they worked right out of the box, and it was open source, then I could see paying 6kx the value.

And for your information, I'm not sitting on the sidelines, I have a little invested, and would want to invest more, but at this point it's pure speculation.

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Come-from-Beyond
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December 26, 2013, 09:40:47 PM
 #8909

Despite its innovation (which is yet to be seen/proven) if the coins remain undistributed and at a 500-600,000% price premium to original $4,000 invested, then we will see lots of panic. Can't wait for that. Getting the popcorn ready.

Post ur Nxt account and I'll send u some coins, so u could buy more popcorn.
wesleyh
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December 26, 2013, 09:41:33 PM
 #8910

My nxt faucet now gives out between 1 and 3 coins freely (the amount is determined at random) - the increase is due to several donations received. Thank you to those people!

http://nxtra.org/faucet/
other_side
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December 26, 2013, 09:42:46 PM
 #8911

Post ur Nxt account and I'll send u some coins, so u could buy more popcorn.
14671093541277449449
gbeirn
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December 26, 2013, 09:43:11 PM
 #8912

Despite its innovation (which is yet to be seen/proven) if the coins remain undistributed and at a 500-600,000% price premium to original $4,000 invested, then we will see lots of panic. Can't wait for that. Getting the popcorn ready.

Post ur Nxt account and I'll send u some coins, so u could buy more popcorn.

Same here! I offered earlier!

NXT VPS Server Donations can be sent here: 6044921191674841550
At the end of each month I will donate some of them back to the community.
This is separate from my main wallet so you can keep track of them. I will keep them in there and only use them for hosting.
ZeroTheGreat
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December 26, 2013, 09:43:39 PM
 #8913

What idea are you talking about? 100% proof of stake?
Yep. That's grab my attention immidiately. Not intrested in PoW-base cryptos from now. Nxt or other, I'm sticking with new generation.

And for your information, I'm not sitting on the sidelines, I have a little invested, and would want to invest more, but at this point it's pure speculation.
Ofcourse, it is. Dunno how much of trades done with short-time speculative purpose. May be very high rate. And what do you expect at cryptoworld?
rickyjames
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December 26, 2013, 09:43:39 PM
 #8914

Anyone can send some NXT to me so I can get started ?


12543815825458438541

Thanks

10 NXT sent, went through very quickly.  As did similar 10 NXT donations from me to three people over on the Raspberry Pi forum who are running nodes now.
bitcoinpaul
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December 26, 2013, 09:43:45 PM
 #8915

Other_side, not you  Roll Eyes
laowai80
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December 26, 2013, 09:43:49 PM
 #8916

Someone at some point post a cron job to restart the Java process, does anyone know where that went. I for the life of me, can't find it.

you can use this script:

Code:
#!/bin/bash
while :
do
  ps ax | grep java | grep -vq grep || java -Xms700m -Xmx800m -jar start.jar
  sleep 30
done
ferment
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IDEX - LIVE Real-time DEX


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December 26, 2013, 09:44:41 PM
 #8917

The best thing about NXT is not just the tech, but how amazing it's been experiencing the community self-organizing around it.  The social side is just as disruptive as the tech.

We are NXT.

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December 26, 2013, 09:44:45 PM
 #8918

I have problem with nxt client. Everytime I tried to run it I get this error.

"Warning: Nothing to start"
http://i44.tinypic.com/r26rsj.jpg

Any helps?
rickyjames
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December 26, 2013, 09:45:16 PM
Last edit: December 26, 2013, 10:22:27 PM by rickyjames
 #8919

Quote
I'd like to see some statistics about distribution of NXT. If 90% is in the hands of the (73) first-stakeholders and only the trading of the remaining 10% is generating the price of NXT, that would be bad in my eyes.

Quote
I'd also love to see this.  Can this info be extracted from the blockchain?

Quote
Of course, everything is in the block chain.

Do the original stakeholders keep their Nxt in 73 accounts?  If so, do we know which accounts?

As I posted earlier:

NXT GENESIS BLOCK DATA:

FOUNDER   COINS      PERCENT      CUMULATIVE      ACCOUNT

01   170486123      17.049      17.049       10105875265190846103 ("unclaimed" coins, reallocated among founders)
02   049875751      4.988      22.036       4747512364439223888
03   049875751      4.988      27.024       4277298711855908797
04   049875751      4.988      32.011       6878906112724074600
05   049875751      4.988      36.999       17228894143802851995
06   049875751      4.988      41.986       9433259657262176905
07   049875751      4.988      46.974       14839596582718854826
08   049875751      4.988      51.962       4071545868996394636
09   049875751      4.988      56.949       15558257163011348529
10   034913026      3.491      60.441       9161949457233564608
11   034913026      3.491      63.932       2175830371415049383
12   030922966      3.092      67.024       2584657662098653454
13   029856290      2.986      70.010       5491587494620055787
14   029437998      2.944      72.954       17491178046969559641
15   024912938      2.491      75.445       6785084810899231190
16   024880020      2.488      77.933       818877006463198736
17   022166945      2.217      80.150       10738613957974090819
18   019925363      1.993      82.142       5430757907205901788
19   016625250      1.663      83.805       7579216551136708118
20   015487585      1.549      85.353       8517842408878875334
21   014962725      1.496      86.850       9037328626462718729
22   014887912      1.489      88.338       4777958973882919649
23   011083556      1.108      89.447       11706312660844961581
24   009975150      0.998      90.444       18388669820699395594
25   009975150      0.998      91.442       1600633904360147460
26   009476393      0.948      92.389       4454381633636789149
27   008644631      0.864      93.254       10339765764359265796
28   006668388      0.667      93.921       10890046632913063215
29   005486333      0.549      94.469       1965151371996418680
30   005264386      0.526      94.996       8278234497743900807
31   005033128      0.503      95.499       9230759115816986914
32   004987575      0.499      95.998       5982846390354787993
33   004987575      0.499      96.497       11541844302056663007
34   004962637      0.496      96.993       9988839211066715803
35   002916900      0.292      97.285       9306550122583806885
36   002867856      0.287      97.571       1264744488939798088
37   002724712      0.272      97.844       7017504655955743955
38   002690963      0.269      98.113       1796652256451468602
39   002684479      0.268      98.381       8870453786186409991
40   002468850      0.247      98.628       3684449848581573439
41   001970092      0.197      98.825       620741658595224146
42   001845403      0.185      99.010       12101431510634235443
43   001482474      0.148      99.158       7085298282228890923
44   001476156      0.148      99.306       7542917420413518667
45   000997515      0.100      99.405       2401730748874927467
46   000987540      0.099      99.504       7577840883495855927
47   000682633      0.068      99.572       14748294830376619968
48   000585375      0.059      99.631       18345202375028346230
49   000583546      0.058      99.689       5095742298090230979
50   000528683      0.053      99.742       4803826772380379922
51   000503745      0.050      99.793       17156841960446798306
52   000498758      0.050      99.842       7549995577397145669
53   000482964      0.048      99.891       15190676494543480574
54   000349130      0.035      99.926       723492359641172834
55   000233751      0.023      99.949       11494237785755831723
56   000200999      0.020      99.969       7446331133773682477
57   000052370      0.005      99.974       17240396975291969151
58   000049876      0.005      99.979       14274119416917666908
59   000049876      0.005      99.984       12186190861869148835
60   000044888      0.004      99.989       3143507805486077020
61   000036742      0.004      99.993       163918645372308887
62   000009476      0.001      99.993       13330279748251018740
63   000009144      0.001      99.994       16516270647696160902
64   000007648      0.001      99.995       1814189588814307776
65   000007315      0.001      99.996       5271441507933314159
66   000006650      0.001      99.997       2694765945307858403
67   000006151      0.001      99.997       14557384677985343260
68   000005985      0.001      99.998       6290807999797358345
69   000005320      0.001      99.998       5622658764175897611
70   000004988      0.000      99.999       15253761794338766759
71   000004988      0.000      99.999       15874940801139996458
72   000003491      0.000      100.000       12558748907112364526
73   000003491      0.000      100.000       13138516747685979557

                    

POST GENESIS BLOCK INITIAL DISTRIBUTION AFTER UNCLAIMED COINS REALLOCATED:


FOUNDER      COINS      PERCENT      CUMULATIVE      ACCOUNT
                        
      
01      49875751      4.988      04.988      0dff9e047bde2f3de9551ea9439190f62080b443060fd76f66f3b87af38c0b8a 523695
02      49875751      4.988      09.975      1965151371996418680 5486333
03      49875751      4.988      14.963      9433259657262176905 49875751
04      49875751      4.988      19.950      1ab5a766facab02b852d6d529c49c2d0b08f12bdd14edaaefefa33bbc6da9f5f 13441515
05      49875751      4.988      24.938      2046872575f876ef6ad1a10066d22aaa8ab4f448fe3271c03f26c074a91e6dc9 229428
06      49875751      4.988      29.925      14748294830376619968 682633
07      49875751      4.988      34.913      7017504655955743955 2724712
08      49875751      4.988      39.901      4803826772380379922 528683
09      34913026      3.491      43.392      9037328626462718729 14962725
10      34913026      3.491      46.883      1814189588814307776 7648
11      34913026      3.491      50.375      12558748907112364526 3491
12      34839043      3.484      53.858      15253761794338766759 4988
13      30922966      3.092      56.951      32046fc7228e1f76b31acb419919d954017cc247d9c25b0c8bc64737a273860e 34913026
14      29856290      2.986      59.936      2584657662098653454 30922966
15      29437998      2.944      62.880      7579216551136708118 16625250
16      24912938      2.491      65.371      17491178046969559641 29437998
17      24880020      2.488      67.859      4777958973882919649 14887912
18      22166945      2.217      70.076      41acd6c59d0688b62f936fc6d78db765eaf49bd562602da25553b1261c187666 1078812
19      19925363      1.993      72.069      5271441507933314159 7315
20      16625250      1.663      73.731      2401730748874927467 997515
21      15753921      1.575      75.307      1796652256451468602 2690963
22      15487585      1.549      76.855      11706312660844961581 11083556
23      14962725      1.496      78.352      723492359641172834 349130
24      14887912      1.489      79.840      17240396975291969151 52370
25      13441515      1.344      81.185      5891c7583963a6b21efd2cbffe24285d18d5d8edbe7c213d33ffbecc5e1979ce 4965297
26      12468938      1.247      82.431      5622658764175897611 5320
27      12468938      1.247      83.678      5aecacddbeecc6bcde9fa84ab8339f74effaa25f1c5740f36b34e30af3e70b84 12468938
28      12468938      1.247      84.925      5be196f15dc6a5c3e0f99d9325f389851086b55235e6515d01adf391f36fb0a5 12468938
29      12444000      1.244      86.170      16516270647696160902 9144
30      11083556      1.108      87.278      5982846390354787993 4987575
31      09975150      0.998      88.276      66be9c7ceccd2d3508fddbb141b45a30a10a561b8e891b9c653ceebd38d087a9 498758
32      09975150      0.998      89.273      12101431510634235443 1845403
33      09476393      0.948      90.221      14274119416917666908 49876
34      08644631      0.864      91.085      4454381633636789149 9476393
35      06668388      0.667      91.752      6c81747257decbd565fb3b80bab1ab35521e04e1772bdc84238431fba122c0ea 12444000
36      05876528      0.588      92.340      163918645372308887 36742
37      05486333      0.549      92.888      729ef0b203f616456a660080efb74d14fea93f05955859c3123cdba378032e6d 2480321
38      05264386      0.526      93.415      18345202375028346230 585375
39      05033128      0.503      93.918      14557384677985343260 6151
40      04987575      0.499      94.417      13138516747685979557 3491
41      04987575      0.499      94.916      4071545868996394636 49875751
42      04965297      0.497      95.412      15874940801139996458 4988
43      04962637      0.496      95.908      8278234497743900807 5264386
44      04962637      0.496      96.405      8f3b17cb030529bda48ead3d9337443df28c0e01c133ca3d380286698bb40ae7 15753921
45      02916900      0.292      96.696      1600633904360147460 9975150
46      02867856      0.287      96.983      9161949457233564608 34913026
47      02724712      0.272      97.256      1264744488939798088 2867856
48      02690963      0.269      97.525      8517842408878875334 15487585
49      02684479      0.268      97.793      9306550122583806885 2916900
50      02480321      0.248      98.041      6290807999797358345 5985
51      02468850      0.247      98.288      3143507805486077020 44888
52      01970092      0.197      98.485      9230759115816986914 5033128
53      01845403      0.185      98.670      7446331133773682477 200999
54      01482474      0.148      98.818      17228894143802851995 49875751
55      01476156      0.148      98.965      6878906112724074600 49875751
56      01078812      0.108      99.073      11494237785755831723 233751
57      00997515      0.100      99.173      b183d0a0aba2057dcb03812625fde9673660acab1a3256a1ead672859421f6ac 12468938
58      00987540      0.099      99.272      18388669820699395594 9975150
59      00748136      0.075      99.347      12186190861869148835 49876
60      00682633      0.068      99.415      10890046632913063215 6668388
61      00585375      0.059      99.473      bad959dd9bd3d1e583d9b75c7106e1f74955f7e995fe0d7ebf7309a6afdb0363 324192
62      00583546      0.058      99.532      2694765945307858403 6650
63      00528683      0.053      99.585      9988839211066715803 4962637
64      00523695      0.052      99.637      c2e4a50cb22d70a66e5ebe6c1a9cb06fd9cc7b8470b9a2f5959bec4ac0c0e307 4962637
65      00503745      0.050      99.687      2175830371415049383 34913026
66      00498758      0.050      99.737      7085298282228890923 1482474
67      00498758      0.050      99.787      5095742298090230979 583546
68      00482964      0.048      99.835      7549995577397145669 498758
69      00349130      0.035      99.870      10738613957974090819 22166945
70      00324192      0.032      99.903      15190676494543480574 482964
71      00233751      0.023      99.926      13330279748251018740 9476
72      00229428      0.023      99.949      d6ad24ccbbafaa1adb8623055f7653b101271c5df2210a43deee58270ce9f2b9 34839043
73      00200999      0.020      99.969      5430757907205901788 19925363
      00052370      0.005      99.974      3684449848581573439 2468850
      00049876      0.005      99.979      818877006463198736 24880020
      00049876      0.005      99.984      11541844302056663007 4987575
      00044888      0.004      99.989      8870453786186409991 2684479
      00036742      0.004      99.993      10339765764359265796 8644631
      00009476      0.001      99.993      7542917420413518667 1476156
      00009144      0.001      99.994      6785084810899231190 24912938
      00007648      0.001      99.995      620741658595224146 1970092
      00007315      0.001      99.996      5491587494620055787 29856290
      00006650      0.001      99.997      17156841960446798306 503745
      00006151      0.001      99.997      ed0a6cf2a8627769e55365464350d418487edfb5a8dedd7917b4ad1fa7af0295 748136
      00005985      0.001      99.998      14839596582718854826 49875751
      00005320      0.001      99.998      4747512364439223888 49875751
      00004988      0.000      99.999      15558257163011348529 49875751
      00004988      0.000      99.999      7577840883495855927 987540
      00003491      0.000      100.000      10105875265190846103 5876528
      00003491      0.000      100.000      
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December 26, 2013, 09:50:10 PM
 #8920

As I posted earlier:

NXT GENESIS BLOCK DATA:

FOUNDER   COINS      PERCENT      CUMULATIVE      ACCOUNT
                    
01   170486123      17.049      17.049      10105875265190800000  ("unclaimed" coins, reallocated among founders)
02   049875751      4.988      22.036      17228894143802800000
03   049875751      4.988      27.024      9433259657262170000
04   049875751      4.988      32.011      4277298711855900000
05   049875751      4.988      36.999      6878906112724070000
.........

Get rid of rounding in account numbers plz.
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