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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761608 times)
laowai80
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December 05, 2013, 06:19:24 PM
 #2261

What I love about NXT is the concept that you don't have to worry about keeping and backing up a wallet file, and can access your funds from anywhere with internet access, by going to any node that runs a public server. I think this concept is going to fly, maybe not right away, but users like convenience, backing up wallets is cumbersome even to most geeky of them. So NXT will be popular at least with the most lazy of crypto users who don't want to do all the work with software and handling wallets.

What is important is to explain to them that they need to choose a really really strong pass phrase. They can neglect that aspect and develop distrust if their accounts are hacked due to weak pass phrase. So one of the promotion points should be about educating users on the importance of strong hard to brute-force pass phrases.
Kodoka
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December 05, 2013, 06:21:54 PM
 #2262

I made a thread over on Reddit, and will be giving people that post their Nxt address some Nxt to get them started, and hopefully get more people interested. I'll be contributing my own funds, but if anyone would like to help, I'll give Nxt to more posters, and in greater quantities. If you'd like to contribute, send a few Nxt to: 14326306018463877888.

Vega
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December 05, 2013, 06:22:10 PM
 #2263

Ah the old "Gotta spend money to make money" argument. Works real nice when you're on the side with money. Why do you think we make so many alt coins? Because start up costs for larger coins is prohibitively expensive. What NXT has done is effectively mined the ENTIRETY of bitcoin. It's as if the founders were the only ones mining for the whole cycle. Is it fair for us to be buying in to that?

The beauty of the whole system is that it's fair. No matter how much money you put in, everyone will get the same return in proportion. You can't ask to make the same money for $10 as someone who invested $1000 the same time.
Now, when did you invest, that's an other story. Smiley
I myself found nxt about a week ago, and bought some. I wasn't happy I didn't found it before the genesis block, but I'm happy today that I found it last week. Someone will probably think the same thing a week from now. This can't be helped.
lyynx
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December 05, 2013, 06:32:31 PM
 #2264

I think we can sum it all simply.

If you are new to NXT and looking to mine coins, this is not the coin for you (there is NO mining). You must buy in period. Whether buying in requires capital or sweat equity, you will still be buying in. In addition, if you are looking to flip your coins quickly (which is certainly possible), probably not the coin for you. There are much better opportunities in the ALT Coin market.

The question is not how much will my XXXX Nxt coins generate in transaction fees today, but what will my Nxt be worth in 2 years. And, if you are not OK with the answer being 0, not the coin for you.

If, however, you are an investor and are interested in investing in something that could potentially be worth a lot more down the road, then, this may be the coin for you. But this requires time and patience.

The coin is in it's infancy and I could only imagine the havoc this forum would be experiencing if there were and additional 10,000 accounts at this stage. The confusion and disruption would be impossible to address.

We are getting too zealous about promoting something that is in it's infancy (me included). When in fact, by promoting this coin at this point without a finalized client and other features, we are perhaps slowing it's development. If you promote the coin, make sure people understand this is a long term investment, they will have to buy in and the client is not finalized.

With all that said, I believe the train has already left and has picked up too much steam to slow down now, so this is going to be one heck of a ride.

For me, I'm going to stick with my Nxt and ride this one out.

Chang Hum
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December 05, 2013, 06:38:20 PM
 #2265

Is the client working for everyone now? been away for a couple of days, just downloaded new version and getting error data not received on local host:7875

here's cmd line copied:

Microsoft Windows [Version 6.1.7601]
Copyright (c) 2009 Microsoft Corporation.  All rights reserved.

C:\Users\Administrator>cd desktop

C:\Users\Administrator\Desktop>cd nxt

C:\Users\Administrator\Desktop\nxt>java -jar start.jar
2556-12-06 01:34:44.110:INFO:oejs.Server:main: jetty-9.1.0.v20131115
2556-12-06 01:34:44.137:INFO:oejdp.ScanningAppProvider:main: Deployment monitor [file:/C:/Users/Administrator
/Desktop/nxt/webapps/] at interval 1
[2556-12-06 01:34:44.365] Nxt 0.3.12 started.
[2556-12-06 01:34:44.375] "myAddress" set to ""
[2556-12-06 01:34:44.376] "allowedUserHosts" set to "*"
[2556-12-06 01:34:44.377] "allowedBotHosts" set to "*"
[2556-12-06 01:34:44.377] Loading transactions...
[2556-12-06 01:34:44.663] ...Done
[2556-12-06 01:34:44.663] Loading peers...
[2556-12-06 01:34:44.690] ...Done
[2556-12-06 01:34:44.691] Loading blocks...
[2556-12-06 01:34:46.765] ...Done
[2556-12-06 01:34:46.766] Loading accounts...
[2556-12-06 01:34:46.845] ...Done
[2556-12-06 01:34:46.848] Loading assets...
[2556-12-06 01:34:46.850] ...Done
[2556-12-06 01:34:46.851] Loading orders...
[2556-12-06 01:34:46.852] ...Done
2556-12-06 01:34:46.855:INFO:oejsh.ContextHandler:main: Started o.e.j.w.WebAppContext@582c8ca7{/,file:/C:/Use
rs/Administrator/Desktop/nxt/webapps/root/,AVAILABLE}{C:\Users\Administrator\Desktop\nxt\webapps\root}
2556-12-06 01:34:46.883:INFO:oejs.ServerConnector:main: Started ServerConnector@3d1bb20d{HTTP/1.1}{0.0.0.0:78
74}
2556-12-06 01:34:47.697:INFO:oejs.ServerConnector:main: Started ServerConnector@2783890e{SSL-http/1.1}{0.0.0.
0:7875}
Vega
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December 05, 2013, 06:39:59 PM
 #2266

I think we can sum it all simply.
.....
For me, I'm going to stick with my Nxt and ride this one out.

I agree. I wasn't happy when I read someone wants to put it on Coinmarketcap, and even less happy when succeeded.
Nxt is not ready for the spotlight, in more than one way. When I bought in, my intention was to look it up a few months from now. It was a good idea, because it will be a much better and clearer situation by then, but I just can't stay away.
slavo
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December 05, 2013, 06:46:07 PM
 #2267

Is the client working for everyone now? been away for a couple of days, just downloaded new version and getting error data not received on local host:7875

here's cmd line copied:

Microsoft Windows [Version 6.1.7601]
Copyright (c) 2009 Microsoft Corporation.  All rights reserved.

C:\Users\Administrator>cd desktop

C:\Users\Administrator\Desktop>cd nxt

C:\Users\Administrator\Desktop\nxt>java -jar start.jar
2556-12-06 01:34:44.110:INFO:oejs.Server:main: jetty-9.1.0.v20131115
2556-12-06 01:34:44.137:INFO:oejdp.ScanningAppProvider:main: Deployment monitor [file:/C:/Users/Administrator
/Desktop/nxt/webapps/] at interval 1
[2556-12-06 01:34:44.365] Nxt 0.3.12 started.
[2556-12-06 01:34:44.375] "myAddress" set to ""
[2556-12-06 01:34:44.376] "allowedUserHosts" set to "*"
[2556-12-06 01:34:44.377] "allowedBotHosts" set to "*"
[2556-12-06 01:34:44.377] Loading transactions...
[2556-12-06 01:34:44.663] ...Done
[2556-12-06 01:34:44.663] Loading peers...
[2556-12-06 01:34:44.690] ...Done
[2556-12-06 01:34:44.691] Loading blocks...
[2556-12-06 01:34:46.765] ...Done
[2556-12-06 01:34:46.766] Loading accounts...
[2556-12-06 01:34:46.845] ...Done
[2556-12-06 01:34:46.848] Loading assets...
[2556-12-06 01:34:46.850] ...Done
[2556-12-06 01:34:46.851] Loading orders...
[2556-12-06 01:34:46.852] ...Done
2556-12-06 01:34:46.855:INFO:oejsh.ContextHandler:main: Started o.e.j.w.WebAppContext@582c8ca7{/,file:/C:/Use
rs/Administrator/Desktop/nxt/webapps/root/,AVAILABLE}{C:\Users\Administrator\Desktop\nxt\webapps\root}
2556-12-06 01:34:46.883:INFO:oejs.ServerConnector:main: Started ServerConnector@3d1bb20d{HTTP/1.1}{0.0.0.0:78
74}
2556-12-06 01:34:47.697:INFO:oejs.ServerConnector:main: Started ServerConnector@2783890e{SSL-http/1.1}{0.0.0.
0:7875}


same here  Cool
plasticAiredale
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December 05, 2013, 06:50:58 PM
 #2268

Is the client working for everyone now? been away for a couple of days, just downloaded new version and getting error data not received on local host:7875

here's cmd line copied:

Microsoft Windows [Version 6.1.7601]
Copyright (c) 2009 Microsoft Corporation.  All rights reserved.

C:\Users\Administrator>cd desktop

C:\Users\Administrator\Desktop>cd nxt

C:\Users\Administrator\Desktop\nxt>java -jar start.jar
2556-12-06 01:34:44.110:INFO:oejs.Server:main: jetty-9.1.0.v20131115
2556-12-06 01:34:44.137:INFO:oejdp.ScanningAppProvider:main: Deployment monitor [file:/C:/Users/Administrator
/Desktop/nxt/webapps/] at interval 1
[2556-12-06 01:34:44.365] Nxt 0.3.12 started.
[2556-12-06 01:34:44.375] "myAddress" set to ""
[2556-12-06 01:34:44.376] "allowedUserHosts" set to "*"
[2556-12-06 01:34:44.377] "allowedBotHosts" set to "*"
[2556-12-06 01:34:44.377] Loading transactions...
[2556-12-06 01:34:44.663] ...Done
[2556-12-06 01:34:44.663] Loading peers...
[2556-12-06 01:34:44.690] ...Done
[2556-12-06 01:34:44.691] Loading blocks...
[2556-12-06 01:34:46.765] ...Done
[2556-12-06 01:34:46.766] Loading accounts...
[2556-12-06 01:34:46.845] ...Done
[2556-12-06 01:34:46.848] Loading assets...
[2556-12-06 01:34:46.850] ...Done
[2556-12-06 01:34:46.851] Loading orders...
[2556-12-06 01:34:46.852] ...Done
2556-12-06 01:34:46.855:INFO:oejsh.ContextHandler:main: Started o.e.j.w.WebAppContext@582c8ca7{/,file:/C:/Use
rs/Administrator/Desktop/nxt/webapps/root/,AVAILABLE}{C:\Users\Administrator\Desktop\nxt\webapps\root}
2556-12-06 01:34:46.883:INFO:oejs.ServerConnector:main: Started ServerConnector@3d1bb20d{HTTP/1.1}{0.0.0.0:78
74}
2556-12-06 01:34:47.697:INFO:oejs.ServerConnector:main: Started ServerConnector@2783890e{SSL-http/1.1}{0.0.0.
0:7875}


same here  Cool

The port changed, update your bookmark to localhost:7874
Chang Hum
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December 05, 2013, 07:04:15 PM
 #2269

Cheers that works but still a few bugs:

-No block information
-not showing balance (show's 1, but should show 500001)
-only showing 1 peer
Sharky444
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December 05, 2013, 07:09:18 PM
 #2270

Is the client working for everyone now? been away for a couple of days, just downloaded new version and getting error data not received on local host:7875

use https://localhost:7875 instead of http://localhost:7875

Radix - just imagine
salsacz
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December 05, 2013, 07:13:54 PM
 #2271

What I love about NXT is the concept that you don't have to worry about keeping and backing up a wallet file, and can access your funds from anywhere with internet access, by going to any node that runs a public server. I think this concept is going to fly, maybe not right away, but users like convenience, backing up wallets is cumbersome even to most geeky of them. So NXT will be popular at least with the most lazy of crypto users who don't want to do all the work with software and handling wallets.

What is important is to explain to them that they need to choose a really really strong pass phrase. They can neglect that aspect and develop distrust if their accounts are hacked due to weak pass phrase. So one of the promotion points should be about educating users on the importance of strong hard to brute-force pass phrases.

but you can always create another account and transfer there your NXTs, if you think that you need a bette password Smiley
klee
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December 05, 2013, 07:18:30 PM
 #2272

Stuck and getting these:
Code:
[2013-12-05 21:17:25.469] Generated an incorrect block. Waiting for the next one...
[2013-12-05 21:17:26.476] Generated an incorrect block. Waiting for the next one...
[2013-12-05 21:17:27.482] Generated an incorrect block. Waiting for the next one...
....
Chang Hum
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December 05, 2013, 07:20:19 PM
 #2273

What I love about NXT is the concept that you don't have to worry about keeping and backing up a wallet file, and can access your funds from anywhere with internet access, by going to any node that runs a public server. I think this concept is going to fly, maybe not right away, but users like convenience, backing up wallets is cumbersome even to most geeky of them. So NXT will be popular at least with the most lazy of crypto users who don't want to do all the work with software and handling wallets.

What is important is to explain to them that they need to choose a really really strong pass phrase. They can neglect that aspect and develop distrust if their accounts are hacked due to weak pass phrase. So one of the promotion points should be about educating users on the importance of strong hard to brute-force pass phrases.

but you can always create another account and transfer there your NXTs, if you think that you need a bette password Smiley

I think someones already done that for me on my account! WTF!
Come-from-Beyond
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December 05, 2013, 07:24:00 PM
 #2274

Stuck and getting these:
Code:
[2013-12-05 21:17:25.469] Generated an incorrect block. Waiting for the next one...
[2013-12-05 21:17:26.476] Generated an incorrect block. Waiting for the next one...
[2013-12-05 21:17:27.482] Generated an incorrect block. Waiting for the next one...
....

U should wait for the next block...
bitme
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December 05, 2013, 07:29:12 PM
 #2275

Is password stored somehow on computer after unlocking account ?

NXT makes the Difference
My nxtforum account : bitme
kwest
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December 05, 2013, 07:32:40 PM
 #2276

What's everyone's current block?
I tried sending some Nxt, and it said "money sent", but no transaction appeared and my balance didn't change.
Not sure what to do now.. I set deadline to 1 hour.. thinking about just waiting that out and trying again.
salsacz
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December 05, 2013, 07:33:49 PM
 #2277

You mean - someone stole your money? Please use blockchain - http://87.230.14.1/nxt/nxt.cgi?action=1 so we can find a thief...
bitme
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December 05, 2013, 07:35:04 PM
 #2278

What's everyone's current block?
I tried sending some Nxt, and it said "money sent", but no transaction appeared and my balance didn't change.
Not sure what to do now.. I set deadline to 1 hour.. thinking about just waiting that out and trying again.
current block here is 8519.

NXT makes the Difference
My nxtforum account : bitme
Chang Hum
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December 05, 2013, 07:35:58 PM
 #2279

You mean - someone stole your money? Please use blockchain - http://87.230.14.1/nxt/nxt.cgi?action=1 so we can find a thief...

Thanks this is all the information it gives me:

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=17716754118323415513
kwest
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December 05, 2013, 07:36:42 PM
 #2280

What's everyone's current block?
I tried sending some Nxt, and it said "money sent", but no transaction appeared and my balance didn't change.
Not sure what to do now.. I set deadline to 1 hour.. thinking about just waiting that out and trying again.
current block here is 8519.

Same as me. Ah well, I'll just wait and try again in an hour. Thanks.
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