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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756221 times)
landomata
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December 26, 2013, 02:03:14 PM
 #8481

A truly global company with global investors. With completely decentralized and peer-to-peer rules. I can't tell you how disruptive it is to the traditional society out there.

We shouldn't forget that other meaning of "revolution" is "catastrophe"...

the Internet is a sound example.

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utopianfuture
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December 26, 2013, 02:03:55 PM
 #8482

To be on the safe side, I wouldn't advise enxern to quit his day job - but if he can take a non paid vacation, I guess it will be very easy to raise the funds to pay him generously...

Count me in!

I am pretty sure I am going to quit my job at least temporarily to devote my full time time to Nxt if the official launch goes smoothly.


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NxtChoice
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December 26, 2013, 02:04:33 PM
 #8483

3    MasterCoin   $ 93,461,187   $ 165.96   563,162 MSC   -6.12 %   
4    Nxt   $ 92,571,977   $ 0.093   999,997,986 NXT   +112.19 %

A small step cross MasterCoin. The first direct fight between Nxt and LTC will begin soon.
Come-from-Beyond
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December 26, 2013, 02:06:18 PM
 #8484

I am pretty sure I am going to quit my job at least temporarily to devote my full time time to Nxt if the official launch goes smoothly.

Official launch of Nxt will be unnoticed. Most of bitcoiners will be celebrating 5th Birthday of Bitcoin.
timmyd
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December 26, 2013, 02:07:53 PM
 #8485

I am pretty sure I am going to quit my job at least temporarily to devote my full time time to Nxt if the official launch goes smoothly.

Official launch of Nxt will be unnoticed. Most of bitcoiners will be celebrating 5th Birthday of Bitcoin.
+1 as they watch their btc shares tumble?

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landomata
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December 26, 2013, 02:11:55 PM
 #8486

I am pretty sure I am going to quit my job at least temporarily to devote my full time time to Nxt if the official launch goes smoothly.

Official launch of Nxt will be unnoticed. Most of bitcoiners will be celebrating 5th Birthday of Bitcoin.

that's always the best way to begin....but i'm sure someone is definitely watching...so they target the Exchange, Forum & Network


The weakest link:

1) Forum
2) Exchange
3) Network


There is a proper & meticulous campaign against Nxt (I know i;m stating the obvious)




snowboard789
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December 26, 2013, 02:15:15 PM
 #8487

is there somewhere i can read about asset exchange implementation of nxt?

so i have a company, i list it in the asset exchange and ppl will buy in with nxt to own some shares of my company right?
then i will just say that i don't respect the agreement and take the nxt and leave or am i just saying bullshit?  Grin
notsoshifty
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December 26, 2013, 02:17:02 PM
 #8488

come-from-beyond: is it normal that sending money via api takes 20-30 seconds? What is the timeout I should use on this? (to send the request and receive a response)

If u set "pushThreshold" above zero it will be faster, but less nodes will see ur transaction. U can set it to 100000 to send transactions (and blocks) only to nodes hallmarked with big accounts.

Edit: U should use deadline >= 24h, just rebroadcast transactions lost in limbo (broadcastTransaction API call).

When I last looked (probably v0.4.0), it appeared that the code sent to a set of nodes sequentially, which could presumably be very fast or very slow (depending on the connect/read timeouts configured, and the state of the other nodes at the time). Is there any reason why this can't be done as parallel tasks?
 
allwelder
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December 26, 2013, 02:17:52 PM
 #8489

To be on the safe side, I wouldn't advise enxern to quit his day job - but if he can take a non paid vacation, I guess it will be very easy to raise the funds to pay him generously...

Count me in!

I am pretty sure I am going to quit my job at least temporarily to devote my full time time to Nxt if the official launch goes smoothly.
I have quit my job,and devote my all time to this great project.I love you,NXT.

 
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landomata
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December 26, 2013, 02:18:06 PM
 #8490

is there somewhere i can read about asset exchange implementation of nxt?

so i have a company, i list it in the asset exchange and ppl will buy in with nxt to own some shares of my company right?
then i will just say that i don't respect the agreement and take the nxt and leave or am i just saying bullshit?  Grin


Nxt will be held in some sort of time limited escrow account....the Nxt never really leave the Asset exchange.

I could be wrong...


landomata
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December 26, 2013, 02:19:34 PM
 #8491

To be on the safe side, I wouldn't advise enxern to quit his day job - but if he can take a non paid vacation, I guess it will be very easy to raise the funds to pay him generously...

Count me in!

I am pretty sure I am going to quit my job at least temporarily to devote my full time time to Nxt if the official launch goes smoothly.
I have quit my job,and devote my all time to this great project.I love you,NXT.

we should also not be too quick in our decisions....Nxtsters are rational beings


bitfromit
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December 26, 2013, 02:21:34 PM
 #8492

hat's way more likely is that some big stakeholder cashes out, price will crash.

great opportunity to buy cheap coins.

That will give it even more value as the coin spread into more hands.
Come-from-Beyond
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December 26, 2013, 02:23:39 PM
 #8493

When I last looked (probably v0.4.0), it appeared that the code sent to a set of nodes sequentially, which could presumably be very fast or very slow (depending on the connect/read timeouts configured, and the state of the other nodes at the time). Is there any reason why this can't be done as parallel tasks?

Yes, parallelization is more sophisticated. Current implementation is called Nxt Reference Software. We could optimize networking by using binary protocol instead of JSON, but this would increase entry barrier for newbie programmers. The same is applied to other parts of NRS.
utopianfuture
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December 26, 2013, 02:25:10 PM
 #8494

is there somewhere i can read about asset exchange implementation of nxt?

so i have a company, i list it in the asset exchange and ppl will buy in with nxt to own some shares of my company right?
then i will just say that i don't respect the agreement and take the nxt and leave or am i just saying bullshit?  Grin

We will need a protocol that any company has to follow to make an IPO on Nxt network and listed as an asset in the asset exchange.
The minimum you will have to do is:

1. state why your company has value; your company mode of operation; total shares you re going to issue
2. your responsibility to the company and the share you are going to issue.
3. basically, it is your responsibility to persuade Nxt holder to trust you and your company

This will be included in the social contract on your IPO open for the public in a secure forum.

There is a fee for IPO and asset listing. I think it is 1000 Nxt. So if you can't persuade people to buy your share, you will lose that 1000 Nxt. If you finish your IPO successfully, your share will be listed in the asset exchange. Form that point on, the price discovery process will determine the true-worth of your company/ idea.  Of course if you run away with your money, your share will hit zero and being delisted.

That is skeleton of how I think the asset exchange will work.


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allwelder
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December 26, 2013, 02:25:25 PM
 #8495

I am pretty rational,and NXT promotion will be my work now.
BOZ you learn more about NXT,you will like it further.

 
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davethetrousers
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December 26, 2013, 02:25:39 PM
Last edit: December 27, 2013, 08:20:48 AM by davethetrousers
 #8496

Automatic Public Nodes Update Script

I just wrote a simple python script that fetches a list of public servers I collect in a text file and puts them into the NXT server config. This is the node file.

You can get the script from my node server.

Usage is quite simple. The only prerequisite is to have a symlink to the config file (web.xml) in the NXT rootdir:

Code:
~/nxt$ ln -s webapps/root/WEB-INF/web.xml configfile

I find this more elegant than drilling down into the dir explicitly. If you do not like this very much, alter the configFilename variable in the script.

When ready, just start the script:

Code:
python updatePublicNodes.py

Hope this reduces some hassle for node admins.

utopianfuture
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December 26, 2013, 02:27:19 PM
 #8497

is there somewhere i can read about asset exchange implementation of nxt?

so i have a company, i list it in the asset exchange and ppl will buy in with nxt to own some shares of my company right?
then i will just say that i don't respect the agreement and take the nxt and leave or am i just saying bullshit?  Grin


Nxt will be held in some sort of time limited escrow account....the Nxt never really leave the Asset exchange.

I could be wrong...



An asset issuer should have the ability to sell his raised Nxt so that he can put that money into growing his business. That's how IPO works.


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Come-from-Beyond
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December 26, 2013, 02:28:56 PM
 #8498

is there somewhere i can read about asset exchange implementation of nxt?

so i have a company, i list it in the asset exchange and ppl will buy in with nxt to own some shares of my company right?
then i will just say that i don't respect the agreement and take the nxt and leave or am i just saying bullshit?  Grin


Nxt will be held in some sort of time limited escrow account....the Nxt never really leave the Asset exchange.

I could be wrong...

Nothing stops us from using multisig. Shareholders can just refuse to sign a payment that goes to an exchange.
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December 26, 2013, 02:31:25 PM
 #8499

@CfB,
Could you give some more info and concept about the multisig?

 
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December 26, 2013, 02:32:44 PM
 #8500

Once again i see that the NXT server is not stable. Right now inside the account i see 700+ unconfirmed transactions, my balance is 0!, but i see all my incoming transactions..  I know i can fix this by deleting blocks and transactions txt with restart, but should i do this every few hours?!

Is someone else have the same problem?

Last block is

      24736      12692935506199079028      26 December 2013 y. X:XX:XX
      
      7      120'082 + 126      936 B   
      
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