NXT :: descendant of Bitcoin - Updated Information

[landomata]

Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD"

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

[laowai80]

stuck at block 23641   id 11815532619314433882    235 %

anyone sees the same?

[achimsmile]

We will see, market will tell us.

But I do not think it is wise to buy something what others had printed and has in billions.

Looks to very similar to Ripple coin, although NXT is improvement to Ripple .

Do people like Ripple?

For a currency to exist, someone has to generate it. I don't like ripple because they were all initially produced and owned by Ripple Labs, a private organization, whereas the public offer for nxt was open for a month, and was just that... public. It's not just some insiders who hold large amounts of nxt, we all had the chance to invest.

NXT is becoming more distributed by the day, the amount of trades on dgex is growing. When decentralized exchange is in place, it will even get better.

[achimsmile]

stuck at block 23641   id 11815532619314433882    235 %

anyone sees the same?

Yes I see that one, bu I'm already at

23649   24.12.2013 09:49:40    3134880373329787407   3299 %   

[opticalcarrier]

stuck at block 23641   id 11815532619314433882    235 %

anyone sees the same?

yes 2 of my 6 are on that exact one.  4 of the others are doing different things though.  not sure what to do..  should we be using 0.4.0 on the vpses or 0.4.2?

[laowai80]

yes 2 of my 6 are on that exact one.  4 of the others are doing different things though.  not sure what to do..  should we be using 0.4.0 on the vpses or 0.4.2?

I hope the software knows better how to handle this in the next releases, let's leave it at that for now.

Just hallmarked 4 nodes with 10 Weight, welcome DDOS. Everyone do the same, it's oh so lonely here under DDOS

Actually Weight 10 doesn't attract so many zombies, so it's pretty safe.

Create a special account, put 10 NXT in it, create a mark against that account and hallmark your node. This is for those who just joined the conversation.

[Ardolafat]

stuck at block 23641   id 11815532619314433882    235 %

anyone sees the same?

yes

[nov]

No, I do not think so.

Bitcoin has advantage in this.

Even you are 5 years late to the start, you still can buy ASIC.

Why 73 people would give anyone else a substantial coins amount?

If you buy huge amount of NXT, you can try to forge, by this action you try to support them.
Allowing them to be richer.

But it is like allowing this 73 to be richer from air.

People like challenges, that it is why Bitcoin has success.

Just buying NXT in ASAP does not give so long challenge as playing with mining hardware.

It feels more like pyramid game.

We will see, market will tell us.

But I do not think it is wise to buy something what others had printed and has in billions.

Looks to very similar to Ripple coin, although NXT is improvement to Ripple .

Do people like Ripple?

For a currency to exist, someone has to generate it. I don't like ripple because they were all initially produced and owned by Ripple Labs, a private organization, whereas the public offer for nxt was open for a month, and was just that... public. It's not just some insiders who hold large amounts of nxt, we all had the chance to invest.

NXT is becoming more distributed by the day, the amount of trades on dgex is growing. When decentralized exchange is in place, it will even get better.

[opticalcarrier]

well ive had enough, going down for the night..

[2Kool4Skewl]

Maybe the solution is this:

If you hallmark your node, you only communicate with hallmarked nodes and these hallmarked nodes are prioritized by balance.  A hallmarked node could change a setting to allow communication with non-hallmarked nodes if they believe they can handle the requests.  Maybe connections to non-hallmarked nodes could be throttled to 25% of your bandwidth.  The hallmark node could enter their in/out bandwidth manually.

If you do not hallmark your node, you communicate only with other non-hallmarked nodes and those hallmarked nodes which allow it.

pullThreshold and pushThreshold set to 1 will prevent communication with non-hallmarked nodes (for outbound requests).

If the large hallmarked accounts like Dgex's set their pullThreshold and pushThreshold to 100, do you think that would improve network stability?  The zombies would have to pay more to attack the network and therefore it would reduce zombie activity on the networks major nodes.

[Come-from-Beyond]

Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD"

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

Yes. Registering an asset means that u reserve its tag, like MSFT for Microsoft.

[laowai80]

@2Kool4Skewl,

please edit the first post as creator of the thread and say something about the need to create a public node if people want to use NXT. It's important to underline the significance of this to make sure NXT users set up the VPS node at the same time they buy their first NXTs, and the significance of the network and that NXTs aren't worth much without investing into infrastructure. Can link to my signature post on how to set up a VPS.

[nov]

How will you ask 73 people to be able to start to waste (distribute) their coins?

Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD"

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

Yes. Registering an asset means that u reserve its tag, like MSFT for Microsoft.

[laowai80]

How will you ask 73 people to be able to start to waste (distribute) their coins?

Don't worry, the network will stay under DDOS attack for a long time,
people can't use NXT easily due to that, large holders of coins will sell them because the price will be falling.

This will smooth out the distribution process. By spring-summer time coins will be well distributed.

[dzarmush]

Even you are 5 years late to the start, you still can buy ASIC.

If you spend $5000 on ASIC now and receive it in March you'll barely make 5 BTC, which will give you 0.0000005% of all BTC market.

If you buy Nxt for $5000 you'll get 167000 Nxt which is 0.017% of all market.

Compare the numbers and do the right choice.

[OKNXT]

My public node worked well for several hours and didn't crashed down.

Run Nxt client with "java -Xms1200m -Xmx1500m -jar start.jar". The command parameters was given by a guy in the forum, but I don't know what it means. My node has 2G RAM.

[2Kool4Skewl]

Someone keeps registering all aliases, I hope he will have money left to register assets like "Bitcoin" and "USD"

register assets.....what do u mean there will be ownership of asset names in the Nxt Asset Exchange?

and this would be separate from alias in the wider Nxt ecosystem.

Yes. Registering an asset means that u reserve its tag, like MSFT for Microsoft.

Does this mean there will only be one gateway for BTC on the decentralized exchange or will other issuers just have to use "BTC2", "BTC3", etc?

[OKNXT]

Maybe the solution is this:

If you hallmark your node, you only communicate with hallmarked nodes and these hallmarked nodes are prioritized by balance.  A hallmarked node could change a setting to allow communication with non-hallmarked nodes if they believe they can handle the requests.  Maybe connections to non-hallmarked nodes could be throttled to 25% of your bandwidth.  The hallmark node could enter their in/out bandwidth manually.

If you do not hallmark your node, you communicate only with other non-hallmarked nodes and those hallmarked nodes which allow it.

pullThreshold and pushThreshold set to 1 will prevent communication with non-hallmarked nodes (for outbound requests).

If the large hallmarked accounts like Dgex's set their pullThreshold and pushThreshold to 100, do you think that would improve network stability?  The zombies would have to pay more to attack the network and therefore it would reduce zombie activity on the networks major nodes.

Will it work by increasing the parameter pullThreshold/pushThreshold to 100?

[Come-from-Beyond]

If the large hallmarked accounts like Dgex's set their pullThreshold and pushThreshold to 100, do you think that would improve network stability?  The zombies would have to pay more to attack the network and therefore it would reduce zombie activity on the networks major nodes.

Currently hallmark works only for outbound requests. If thresholds set to 100 then Dgex will send its transactions only to nodes with 100+ weight. It's faster but less reliable.

[laowai80]

My public node worked well for several hours and didn't crashed down.

Run Nxt client with "java -Xms1200m -Xmx1500m -jar start.jar". The command parameters was given by a guy in the forum, but I don't know what it means. My node has 2G RAM.

Great,

those who get stuck nodes may try these settings:

if you have a node with 512 Mb RAM:
nohup java -Xms450m -Xmx480m -jar start.jar &

if you have a node with 1 GB RAM:
nohup java -Xms700m -Xmx900m -jar start.jar &

if you have a node with 2 GB RAM:
nohup java -Xms1200m -Xmx1500m -jar start.jar &
or
nohup java -Xms1500m -Xmx1800m -jar start.jar &


I updated my Setup public node and Restart stuck node guides in the signature.