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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755883 times)
bitcoinpaul
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December 23, 2013, 11:25:00 AM
 #5801


nope, its :

decentralized
100% proof of stake
community based support
..emm add more if I missing something

and it was all done in public in this very board a few weeks ago. everyone could invest in the beginning, and 70 some invested. they now distribute the coins to more and more nxt-user. it's still beta, thats why the code isn't public yet. give it a week or two.

i didn't invest btw.
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GCInc.
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December 23, 2013, 11:25:13 AM
 #5802

They could enter 500 hours instead of 24.
ok
Quote
U will reboradcast the transactions.
Sorry but how to do that if there is no incoming in the network? Customer would need to input txid or broadcastbytes (both cumbersome)

Also rebroadcasting seems to take several seconds for a single tx, cannot imagine having a list of 3 weeks' transactions rebroadcasted constantly...

bizz
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December 23, 2013, 11:26:31 AM
 #5803

So... I bought some NXT, I played with the server/client... all looks nice.

The only thing that bothers me is the fact that 20-something people hold 1 billion NXT.

Isn't this exactly like Ripple?!

Already 250mil (25% )changed hands. At some point it will always be small amounts of people owning lots of something. It's like that with everything in this world. And always will be. USD, gold, silver, bitcoin, nxt. Rich will always get richer. All you can do is join them.
abuelau
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December 23, 2013, 11:27:08 AM
 #5804

Isn't this exactly like Ripple?!

Do u know how Ripple works?

Well, for the end user it's pretty similar. I am sure there are hundreds technical things you could tell me about how NXT is different from Ripple, and they are probably very impressive.

But I own some Ripple and I own some NXT. Ripple has some promising use cases, so does NXT (NXT use cases, BTW are similar to BTC Colored Coins and Mastercoin such as distributed market place, voting, decentralized asset trading).

From wikipedia:

Quote
At its core, Ripple is based around a shared, public database. This database contains a ledger with account balances. Anyone can view the ledger and see a record of all activity on the Ripple network. In addition to information about balances, the ledger can also hold information about offers to buy or sell a currency or asset, creating the first distributed exchange.

People were extremely unhappy with the fact that the organization behind Ripple owned all coins and therefore they had an instant market cap of (all coins) x (price). And it's the same with NXT. A small group of people control all existing coins, all the coins that will ever exist. While everyone else has to buy NXT or beg for some NXTin some giveaway or bounty.

Not only that, but, the more coins you have, the more you make in forging... to the rich will get richer.

Know what's happening in cryptoworld: www.coinschedule.com
Come-from-Beyond
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December 23, 2013, 11:30:42 AM
 #5805

Sorry but how to do that if there is no incoming in the network? Customer would need to input txid or broadcastbytes (both cumbersome)

Also rebroadcasting seems to take several seconds for a single tx, cannot imagine having a list of 3 weeks' transactions rebroadcasted constantly...

Right, I should add this into NRS.
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December 23, 2013, 11:35:03 AM
 #5806

Bon Appétit   Wink

I meant the attacker Smiley
starik69
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December 23, 2013, 11:35:08 AM
 #5807

A small group of people control all existing coins, all the coins that will ever exist. While everyone else has to buy NXT or beg for some NXTin some giveaway or bounty.
People in that group also bought their NXT, can you say this about ripple?
abuelau
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December 23, 2013, 11:37:02 AM
 #5808

A small group of people control all existing coins, all the coins that will ever exist. While everyone else has to buy NXT or beg for some NXTin some giveaway or bounty.
People in that group also bought their NXT, can you say this about ripple?

Oh, well people sent some BTC to get their initial NXT. But rest assured Ripple also had expenses, since it's a proper private company, there were costs involved with wages, renting space, etc... so yes, they've put money in as well.

Know what's happening in cryptoworld: www.coinschedule.com
pinarello
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December 23, 2013, 11:38:20 AM
 #5809



      
22866      4071545868996394636      23-12-2013 12:36:48   
10      2'900 + 10      1'402 B   
1      10464616015063249896      990 %

But I had to pay.... NXT

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December 23, 2013, 11:38:40 AM
 #5810

http://www.cryptocoincharts.info/v2/
Volume = 952 BTC. Is it total from the very beginning?
abctc
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December 23, 2013, 11:39:07 AM
 #5811

When I installed 0.4.2 I could see only 0.4.2 nodes. Why?  I think at that time there was a lot of 0.4.0 nodes (including my bootstrap VPS).

So it seems every version now mines own fork of blockchain. If so, in the first place we all need to install the same version (preferably 0.4.0).

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██████████████████████████████████████████████████████████████████
   
, the Next platform.  Magis quam Moneta (More than a Coin)
Come-from-Beyond
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December 23, 2013, 11:40:54 AM
 #5812

When I installed 0.4.2 I could see only 0.4.2 nodes. Why?  I think at that time there was a lot of 0.4.0 nodes (including my bootstrap VPS).

So it seems every version now mines own fork of blockchain. If so, in the first place we all need to install the same version (preferably 0.4.0).

Zombie nodes r quite dumb. They return ur version as their. U can send them "I'm zombie" and then get "I'm zombie" in response.
CIYAM
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December 23, 2013, 11:41:33 AM
 #5813

When I installed 0.4.2 I could see only 0.4.2 nodes. Why?  I think at that time there was a lot of 0.4.0 nodes (including my bootstrap VPS).

My version reports itself as 0.4.2 and I can see 0.4.0 nodes along with 0.4.1e, 0.4.2 and 0.4.3e nodes.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
nexern
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December 23, 2013, 11:42:55 AM
 #5814

http://www.cryptocoincharts.info/v2/
Volume = 952 BTC. Is it total from the very beginning?

no, +3000

http://87.230.14.1/nxt/nxt.cgi?action=2
CIYAM
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December 23, 2013, 11:43:09 AM
 #5815

Zombie nodes r quite dumb. They return ur version as their. U can send them "I'm zombie" and then get "I'm zombie" in response.

So maybe a good idea to actually *remove* nodes that are of the same version as your own manually?

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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December 23, 2013, 11:44:18 AM
 #5816

Zombie nodes r quite dumb. They return ur version as their. U can send them "I'm zombie" and then get "I'm zombie" in response.

So maybe a good idea to actually *remove* nodes that are of the same version as your own manually?


No. Legit nodes run the same version as u.
nexern
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December 23, 2013, 11:45:47 AM
 #5817

0.4.0 is working smooth atm.

i just uploaded this version including all files. ~19mb.

http://87.230.14.1/download/nxt_0.4.0_complete.zip

you have to adjust web.xml
CIYAM
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December 23, 2013, 11:46:32 AM
 #5818

No. Legit nodes run the same version as u.

I mean temporarily (whilst we are under attack by zombies and the software doesn't help).

Just looking for a solution other than downloading blockchains (which is *wrong* in every way).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
Come-from-Beyond
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December 23, 2013, 11:49:04 AM
 #5819

No. Legit nodes run the same version as u.

I mean temporarily (whilst we are under attack by zombies and the software doesn't help).

Just looking for a solution other than downloading blockchains (which is *wrong* in every way).


U could try.
pinarello
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December 23, 2013, 11:49:58 AM
 #5820


version 0.4.0
   
22877      6635869272840226493      23-12-2013 12:49:00   
5      15'457 + 5      640 B   
1      3293432955273510146      725 %

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