NXT :: descendant of Bitcoin - Updated Information

[laowai80]

please to deal with the www.dgex.com, it collapse
。
致NXT核心团队：
我们一直在DGEX网站交易NXT，我们发现dgex交易网存在以下相关问题，请尽快关注并解决。

1、dgex交易网保密性、安全性不足，支持的密码长度太短，数据传输没有加密，请改进。
2、dgex性能过低。现在dgex日交易量近2000BTC， 而且交易量还在快速增加，dgex的性能已经无法满足快速增长的交易需求，请尽快提升DGEX的性能。
3、DGEX交易网的抗攻击能力太弱，需要大大加强抗攻击能力。
NXT的竞争者近期一直采用恶意攻击nextcoin.org、DGEX交易网站等方法疯狂打压NXT。
据我们观察，DGEX交易网站最近几乎每天都会受到包括DDOS攻击在内的恶意攻击。攻击者通过攻击DGEX，让DGEX交易网站超负载，使交易者无法进入交易，攻击者同时在DGEX大量 抛盘来打压NXT。
我们是NXT的关注者，希望NXT稳步发展壮大，以上是我们的建议，请开发团队能关注并尽快解决以上问题！

ok, yes, we all agree

[davethetrousers]

DGEX :: descendant of MTGOX -

DGEX vs. MTGOX aka bumfights

[pinarello]

this must be the first panic seller in NXT history

https://nextcoin.org/index.php/topic,1496.msg12659/boardseen.html#new


Pin

[jl777]

While we are still in beta test, we have a nxt gateway into ripple and already a small market in nxt using ripple wallet and its distributed servers ledger. Should be resistant to ddos

Working on trading page to simplify trading
Ripple wallet is all you need, takes two minutes

----------------

Separately, it really bugs me that yurigeorge and the like keep saying how it is unfair about the huge gain founders made. I think the standard response to this can be improved. The key is that what the founders purchased was a promise of a new coin with no guarantees that it would even be delivered. So there are two critical factors here, first is the value of what was initially delivered and second is the discount the founders got. ANY investment gains should be based not on what the founders paid, but rather on the initial value of first release of nxt

Since lifetime future cashflow is not a useful measure of nxt value at that time, lets use a purely software development cost model. This assumes that the entire value of nxt is based on simply what it would cost to develop. I think that is a significant discount to value it at since it gives no value to any potential future of nxt

Does anybody really believe 21btc is enough to develop first version of nxt? No fair saying it was done by one person, as for all we know there were a dozen guys working on it for two years. You need to hire enough programmers, testers, etc to develop an entirely new crypto currency/system. $1 million usd would seem a bargain for this hypothetical project, and there are companies that have spent far more on much less

We can quibble about the development cost, fair enough, but using my estimated million dollar cost, the "book value" of nxt would be $0.001 and the founders purchased at a giant discount, yes, but their initial gain woild be difference between 21btc and book value. BTNext gave them a deal of a lifetime,but a million dollars split by 70 people is not the super lottery it has beem made out to be

We have " only" a 100 fold gain from book value to now, however a lot of people are missing the significance of the alias enabled release. That essentially gave nxt the functionality of namecoin, is it any wonder that it immediately reached namecoin market cap? These gains are all fair investment gains of anybody that purchased nxt, founders or early adopters. It is no surprise that this release happened, it was announced and as is the nxt tradition of delivering on its promises there shouldn't be a 99% discount on future value based on announced features

The founders got a deal of a lifetime at the beginning, then they made significant gains on top of that as the market valued nxt based on future potential, then they made more gains as namecoin functionality and market cap was achieved. My experience with founders has been unversally positive, they are generous and helpful to newbies trying to come up to speed.

Nxt is currently trading at a slight premium to namecoin, is that so crazy high? Assuming a purely market float based valuation, nxt could be at 0.01 to 0.02 btc depending on total btc mined. That assumes market values future potential of nxt the same as btc. The market is currently saying nxt potential is significantly lower than btc, if you believe the market is over valuing nxt now, wait for it to go to less than namecoin valuation.

Stop bitching about how unfair initial distrubution was, my guess is that nobody signed up for any more founders shares for a while, so they decided to move to next phase with what they had. I would have put in my 1btc had i known about it back then, but i didn't know about it. That is my responsibility. As an investor if you dont know about an investment you dont deserve to benefit from it, why do so many people feel entitled to investments they didn't even know existed or worse they knew but passed up?

James

[pinarello]

please to deal with the www.dgex.com, it collapse
。
致NXT核心团队：
我们一直在DGEX网站交易NXT，我们发现dgex交易网存在以下相关问题，请尽快关注并解决。

1、dgex交易网保密性、安全性不足，支持的密码长度太短，数据传输没有加密，请改进。
2、dgex性能过低。现在dgex日交易量近2000BTC， 而且交易量还在快速增加，dgex的性能已经无法满足快速增长的交易需求，请尽快提升DGEX的性能。
3、DGEX交易网的抗攻击能力太弱，需要大大加强抗攻击能力。
NXT的竞争者近期一直采用恶意攻击nextcoin.org、DGEX交易网站等方法疯狂打压NXT。
据我们观察，DGEX交易网站最近几乎每天都会受到包括DDOS攻击在内的恶意攻击。攻击者通过攻击DGEX，让DGEX交易网站超负载，使交易者无法进入交易，攻击者同时在DGEX大量 抛盘来打压NXT。
我们是NXT的关注者，希望NXT稳步发展壮大，以上是我们的建议，请开发团队能关注并尽快解决以上问题！

+1

[landomata]

Nxt might have competition for features soon: Open Transactions desktop software platform for bitcoin and other currencies..they have been hard at work for months / years but I believe the new videos is a re-assertion of their place in the marketplace in light of the recent popularity of nxt…If they launch before our other advanced features, we will still have the speed and green forging advantage..not to mention it will actually take time for other crypto's devs to coordinate and start integrating.. thought this was worth sharing.
http://www.reddit.com/r/Bitcoin/comments/1tqepn/new_opentransactions_videos_of_new_desktop_app/

https://docs.google.com/file/d/0B1elJotjR_t6UlJjbG5wSmFJT1E/edit?pli=1-----payments and invoicing
https://docs.google.com/file/d/0B1elJotjR_t6OS1pV3duMEpWSGs/edit?pli=1----app store, dec market (barzaa), dec exchange, virtual corporations( stocks and dividends), asset exchange, escrow,  scripted agreements, smart contracts, voting pools, chairman cash: tokens and voting

THIS DEVELOPMENT SHOULD NOT BE UNDERESTIMATED.

OLA can you please track this closely.

[vgo]

DGEX :: descendant of FBI -

[rickyjames]

Why duration in "You can generate the next block in 13 days 22 hours 43 minutes 15 seconds" changes?
13 days, 45 days, 3 days....
Whet i mine my block?

buy more NXT.

How much NXT's I need?

about 1000000 or more.

From an earlier post of mine:

A 1000 NXT forging stake will earn you 0.0001% of all transaction fees, which is identical to saying you get 1 transaction fee NXT for every 1,000,000 generated by the system.  You will double your 1000 NXT stake after 1,000,000,000 NXT have been generated in transaction fees.  How long it takes to generate a billion NXT in transaction fees depends on the average size of all NXT transactions.   For every thousand NXT in the average transaction size, a trillion NXTs must change hands for you to double your 1000 NXT forging stake.

Forging isn't mining.   It's gonna take a while to earn that first NXT from forging.

[ZeroTheGreat]

DGEX :: descendant of MTGOX -

[ZeroTheGreat]

about 1000000 or more.

Disagree. Actual needed amount depends on goal. Set up goal, only then do the math.

I'm mining 3 days with 27000nxt.
   Blocks Generated    :   0

So? You wanna to get average 1 block in 3 days or what? Different goals, different math. With actual tx volume there's no profit forging AT ALL (even with 50M you'll get pretty non-noticable ROI).

[zhangdu]

While we are still in beta test, we have a nxt gateway into ripple and already a small market in nxt using ripple wallet and its distributed servers ledger. Should be resistant to ddos

Working on trading page to simplify trading
Ripple wallet is all you need, takes two minutes

----------------

Separately, it really bugs me that yurigeorge and the like keep saying how it is unfair about the huge gain founders made. I think the standard response to this can be improved. The key is that what the founders purchased was a promise of a new coin with no guarantees that it would even be delivered. So there are two critical factors here, first is the value of what was initially delivered and second is the discount the founders got. ANY investment gains should be based not on what the founders paid, but rather on the initial value of first release of nxt

Since lifetime future cashflow is not a useful measure of nxt value at that time, lets use a purely software development cost model. This assumes that the entire value of nxt is based on simply what it would cost to develop. I think that is a significant discount to value it at since it gives no value to any potential future of nxt

Does anybody really believe 21btc is enough to develop first version of nxt? No fair saying it was done by one person, as for all we know there were a dozen guys working on it for two years. You need to hire enough programmers, testers, etc to develop an entirely new crypto currency/system. $1 million usd would seem a bargain for this hypothetical project, and there are companies that have spent far more on much less

We can quibble about the development cost, fair enough, but using my estimated million dollar cost, the "book value" of nxt would be $0.001 and the founders purchased at a giant discount, yes, but their initial gain woild be difference between 21btc and book value. BTNext gave them a deal of a lifetime,but a million dollars split by 70 people is not the super lottery it has beem made out to be

We have " only" a 100 fold gain from book value to now, however a lot of people are missing the significance of the alias enabled release. That essentially gave nxt the functionality of namecoin, is it any wonder that it immediately reached namecoin market cap? These gains are all fair investment gains of anybody that purchased nxt, founders or early adopters. It is no surprise that this release happened, it was announced and as is the nxt tradition of delivering on its promises there shouldn't be a 99% discount on future value based on announced features

The founders got a deal of a lifetime at the beginning, then they made significant gains on top of that as the market valued nxt based on future potential, then they made more gains as namecoin functionality and market cap was achieved. My experience with founders has been unversally positive, they are generous and helpful to newbies trying to come up to speed.

Nxt is currently trading at a slight premium to namecoin, is that so crazy high? Assuming a purely market float based valuation, nxt could be at 0.01 to 0.02 btc depending on total btc mined. That assumes market values future potential of nxt the same as btc. The market is currently saying nxt potential is significantly lower than btc, if you believe the market is over valuing nxt now, wait for it to go to less than namecoin valuation.

Stop bitching about how unfair initial distrubution was, my guess is that nobody signed up for any more founders shares for a while, so they decided to move to next phase with what they had. I would have put in my 1btc had i known about it back then, but i didn't know about it. That is my responsibility. As an investor if you dont know about an investment you dont deserve to benefit from it, why do so many people feel entitled to investments they didn't even know existed or worse they knew but passed up?

James

what is your ripple gateway trust add. please! 
in my opion, ripple can do all kind of coin exchange, why people spending much time building their own web, ripple gateway should more than enough.
gateway add,please.

[dittie]

So I bought some 1600 NXT yesterday and thought it would be nice to help out the network.

Trying to setup my hallmark node on Amazon AWS, got the client running and I can connect to it its working fine. Made a new account and trying to create a Hallmark node as per http://nxtcrypto.wikia.com/wiki/How-To:CreateHallmark however when I click submit in step 3 I get the following error :

{"errorCode":7,"errorDescription":"Not allowed"}


Donations greatly appreciated : 2596754026769937107

[S3MKi]

So? You wanna to get average 1 block in 3 days or what? .

Why not?

[laowai80]

So I bought some 1600 NXT yesterday and thought it would be nice to help out the network.

Trying to setup my hallmark node on Amazon AWS, got the client running and I can connect to it its working fine. Made a new account and trying to create a Hallmark node as per http://nxtcrypto.wikia.com/wiki/How-To:CreateHallmark however when I click submit in step 3 I get the following error :

{"errorCode":7,"errorDescription":"Not allowed"}


Donations greatly appreciated : 2596754026769937107

you need to edit web.xml file and:

<param-name>allowedBotHosts</param-name>
                        <param-value>127.0.0.1; localhost; 0:0:0:0:0:0:0:1;</param-value>


replace with:

<param-name>allowedBotHosts</param-name>
                        <param-value>your home IP; 127.0.0.1; localhost; 0:0:0:0:0:0:0:1;</param-value>

to find your home ip, go to http://www.whatismyip.com/


or replace with:

<param-name>allowedBotHosts</param-name>
                        <param-value>*</param-value>

this will allow everyone to make API requests to your node.

then, of course, restart NXT.

[davethetrousers]

when I click submit in step 3 I get the following error :

{"errorCode":7,"errorDescription":"Not allowed"}

Don't create the hallmark on the public node, create it on a home client instead. You don't need to allow access then. Also, it's not 100% secure to unlock an account on a public server that's in a VPS somewhere.

When you have created the hallmark, you can then put it in the server config on the public node.

[ZeroTheGreat]

So? You wanna to get average 1 block in 3 days or what? .

Why not?

Most of blocks are empty now. Really that's the goal? OK, you'll need approximately 999 997 986/1440 = 694443 coins to forge 1 block per day. So 231481 coins to forge 1 block per 3 days (in average, read about upstrikes and downstrikes), whether block empty or not (ROI of forging not calculated).

[swansong]

mtgox - magic the gathering online exchange
dgex - dragon's den exchange

[davethetrousers]

ZeroTheGreat, remember that those are upper bounds on forge time.

A wallet that is unlocked 24/7 on an always up-to-date server will forge a block more often, because of the large portion of all NXT currently in locked accounts, lagging/stuck nodes (temporary phenomenon atm, though) etc.

[cfrm]

Anyone know why the first transfer from dgex to my account is stuck on 429 confirmations? http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=13264165135217359804

[Pablito89]

Send me some NXT


17303736632265464130

nice boobs