NXT :: descendant of Bitcoin - Updated Information

[allwelder]

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.

[1714003791]

1714003791

[1714003791]

1714003791

[landomata]

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? 

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]

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]

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]

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]

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? 

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.

[allwelder]

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

[davethetrousers]

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]

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? 

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.

[Come-from-Beyond]

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? 

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.

[allwelder]

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

[intel]

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   
      
      1      15721569117295362702      539 %   
   

[Come-from-Beyond]

[Come-from-Beyond]

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

No, I just believe the community will add it.

[davethetrousers]

25114      5430757907205901788      26.12.2013 15:32:46   
2      0 + 2      302 B   
1      16621033712644718432      167 %

You can use my node update script from last page to get a current list of nodes that work well.

[Come-from-Beyond]

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?

Does F5 help?

[xibeijan]

Has NXT been added to any other exchanges?

[Come-from-Beyond]

Has NXT been added to any other exchanges?

https://peercover.com/#/simpleGateway

[pmabdsf]

Not to insult NXT by comparing it to DOGE, but this thread is now longer than the DOGE thread.

[Come-from-Beyond]

Nxt haters r able to lower Nxt market cap by destroying the coins...