NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

Relaunch and refreshed,but still not displayed.
It does not influence the forging and alias register, right?

Right.

PM me with ur account number. I'll check if u have 1440 confirmations.

[Anon136]

I really like the concept of this coin! I am jumping in to this coin forging, have some questions to help me understand, hopefully not too many

1. Is there some sort of traffic number gaging the transaction amount per day that NXT does on average?
2. How much NXT can I expect to forge if I hold say 1000 nxt in a given day?
3. Say I have 1000 NXT, Is there benefit to multiple computers (say 10) that hold 1/10 of the 1000 NXT as opposed to one computer holding all 1000 NXT?
4. What is the transaction fee for trading 1 NXT as opposed to 10000 NXT?
5. Can I just hold onto NXT for eternity and still make residual NXT over time?
6. Does the amount forged for any given holder vary with the price of NXT?

Ok so i made a formula to calculate how many blocks you would mine in a day. Just plug in the relevant values

A = The number of coins that you are using in your attempt to forge blocks
B = The average total number of coins being used by everyone to attempt to forge blocks
1440 is the number of blocks that are generated in a day.

A*1440/B

So if you had 1000 coins forging all day and 1/2 of all of the coins in existance were being used to attempt to forge blocks than the number of blocks you would forge in one day would be: 0.00288. Probably would be best to join a pool.

Thanks alot that info helps! What pool do you recommend?

I don't think there are any pools yet. This whole NXT thing is still in its infancy. Actually its worse than that. In some sense you could say it Isnt even born yet. Its basically in alpha right now. Beta starts Jan 3.

[maxbit]

ok thx. I wish I saw the investor NXT thread back then... any1 get in on that?

[Come-from-Beyond]

I don't think there are any pools yet.

Pools r impossible (without trusting to someone) until Transparent Mining and Smart Contracts r implemented. Actually, the 1st pool will, likely, be the first DAC.

[Ola]

I don't think there are any pools yet.

Pools r impossible (without trusting to someone) until Transparent Mining and Smart Contracts r implemented. Actually, the 1st pool will, likely, be the first DAC.

How about the ability to do futures contracts? I am sure with the alias squating that would've come in handy 

[maxbit]

Thx. I was exploring the blockchain some.. How do some have like 46,000,000 NXT? This one: 4071545868996394636

[Come-from-Beyond]

How about the ability to do futures contracts? I am sure with the alias squating that would've come in handy 

With Smart Contracts this is possible if all necessary data is stored in the blockchain.

[btcruss]

1.) What are smart contracts?
2.) How can I get NXT or is dgex the only way???

NXT: 8718992686018958397

[Come-from-Beyond]

1.) What are smart contracts?

http://en.wikipedia.org/wiki/Smart_contract

[shigoga]

Can someone send me 1 NXT so i can tell that its working? i just set up the client..

8283157443814169592

[omo]

hello，
    Can I assign more than one aliases to one account?
   Is there a limitation to that?

[Come-from-Beyond]

hello，
    Can I assign more than one aliases to one account?
   Is there a limitation to that?

U can assign as many aliases as u can afford.

[PGPpfKkx]

id like some clarification from come-from-beyond

i ask for an alias and then check the url to see if i got it. but that immediately is true or false or it is only apparent if i got the alias only after 720 confirmations and that means that even if i get a true at first then i can still lose it to a higher bid?

its a bit confusing

thanks

[Vega]

Could someone show me an example of the sendmoney API call. I can't make it work.

[omo]

that's great!
thank u!

[Come-from-Beyond]

Version 0.4.1e - https://dl.dropboxusercontent.com/u/67242472/nxt-experimental.zip

This is an experimental version and should be used only on 50% of ur nodes. Don't install it if u own only 1 node.

Added support for CORS (http://publicnxtnode.com:7874/nxt?requestType=getAliasURI&alias=Google request only, enabled for the time being as proof-of-concept)
JS-scripts can replace Nxt aliases with corresponding URIs by using XMLHttpRequest and document.links

Optimized transaction picking algo
Blocks will be filled at max capacity, previous algo didn't pick low-fee transactions to fill small gaps.

[Come-from-Beyond]

Could someone show me an example of the sendmoney API call. I can't make it work.

http://localhost:7874/nxt?requestType=sendMoney&secretPhrase=SECRET&recipient=1739068987193023818&amount=15000&fee=1&deadline=1440

[aldrin]

Does the alloweduserhost parameter in web.xml accept wildcards? (i.e. can we add a range of IP's - eg 203.16.2.*)

[Vega]

Could someone show me an example of the sendmoney API call. I can't make it work.

http://localhost:7874/nxt?requestType=sendMoney&secretPhrase=SECRET&recipient=1739068987193023818&amount=15000&fee=1&deadline=1440

thx

[thehaxfactory]

how does nxt work exactly? there is no mining so how do i obtain it?