NXT :: descendant of Bitcoin - Updated Information

[klee]

https://twitter.com/kLee1977/status/416689155200913408

[Ola]

Did anyone see this video !!!

about nxt

http://www.youtube.com/watch?v=GG_E47oQpT0

Pin

Goodjob someone posted it on fb

by the way there is a fb group for nxt at, for those that are a little flexible on anonymity https://www.facebook.com/groups/NxtCurrency/

[smartwart]

Perhaps weight votes in accordance with how much NXT is in the account.

this approach could bring us in another ethical problem ;-)
(I got your point to make it expensive to gain the vote-power via multiple accounts)

[newsilike]

http://dgex.com is running so smooth now, GJ! 

[idev]

Can't we put this in it's own thread with a poll so members can vote and express their opinions on the upcoming features.

Why not. Post the link here, plz.

simple thread https://bitcointalk.org/index.php?topic=387799.0
no voting system enabled as that is easily biased by multiple accounts

Good job.

[Come-from-Beyond]

Did anyone see this video !!!

about nxt

http://www.youtube.com/watch?v=GG_E47oQpT0

Pin

Thx for the link, Pin.


Pity these guys provided only Bitcoin address for donations...

[onepix]

seems that wouldn't compile fine :s
2013-12-27 23:20:14.003:INFO:oejs.ServerConnector:main: Started ServerConnector@5dcf031e{HTTP/1.1}{0.0.0.0:7874}
2013-12-27 23:20:14.239:INFO:oejs.ServerConnector:main: Started ServerConnector@42500e5{SSL-http/1.1}{0.0.0.0:7875}
[2013-12-27 23:20:29.004] 11: java.util.ConcurrentModificationException
and it's "blocked", my ubuntu's terminal don't crash but don't want finish this compilation :/

[rickyjames]

Perhaps weight votes in accordance with how much NXT is in the account.

this approach could bring us in another ethical problem ;-)
(I got your point to make it expensive to gain the vote-power via multiple accounts)

LOL.  The NXT transaction fee distribution algorithm already weights participation in accordance with how much NXT is in the account of an individual, not the sheer number of nodes being contributed by computers operated by that individual - which is far more important to the health of the NXT network.  And you talk about ethical problems applying the exact same arrangement to member voting?

Just a wry observation, I see the merit (and pitfalls) of both approaches...

[Framewood]

DGEX seems to be back in the game.....

Works really crisp, no lag for me at the mo.

Over the Framewood issue:

10 characters is not enough for a passphrase. Not in the 21st century.

My passphrase tips:

Take yr favorite movie quote:

I say we take off and nuke the entire site from orbit. It's the only way to be sure.

Kill the punctuation, throw in some random substitutions:

I$4ywet4keoff4ndnuketheentire$itefromorbitIt$theonlyw4ytobe$ure

Add some psuedo-random caps gibberish to both ends, and hey presto:

SweAtyI$4ywet4keoff4ndnuketheentire$itefromorbitIt$theonlyw4ytobe$ureBoLLocks

Now , hoe long is that gonna take to bruteforce?

But for f**ks sake, make sure u write it down somewhere, and/or hide it in the middle of a  *.txt file to copy and paste to avoid keylogging.

Yes this is ok for you and me who are tech heads but what about mainstream..... mum, dad, gran aren't going to do this.

[Come-from-Beyond]

seems that wouldn't compile fine :s
2013-12-27 23:20:14.003:INFO:oejs.ServerConnector:main: Started ServerConnector@5dcf031e{HTTP/1.1}{0.0.0.0:7874}
2013-12-27 23:20:14.239:INFO:oejs.ServerConnector:main: Started ServerConnector@42500e5{SSL-http/1.1}{0.0.0.0:7875}
[2013-12-27 23:20:29.004] 11: java.util.ConcurrentModificationException
and it's "blocked", my ubuntu's terminal don't crash but don't want finish this compilation :/

This is due to race conditions during catching new blocks. Next block will fix it.

[pinarello]

Did anyone see this video !!!

about nxt

http://www.youtube.com/watch?v=GG_E47oQpT0

Pin

Pity these guys provided only Bitcoin address for donations...

Hoarder...

[Come-from-Beyond]

Perhaps weight votes in accordance with how much NXT is in the account.

this approach could bring us in another ethical problem ;-)
(I got your point to make it expensive to gain the vote-power via multiple accounts)

LOL.  The NXT transaction fee distribution algorithm already weights participation in accordance with how much NXT is in the account of an individual, not the sheer number of nodes being contributed by computers operated by that individual - which is far more important to the health of the NXT network.  And you talk about ethical problems applying the exact same arrangement to member voting?

Just a wry observation, I see the merit (and pitfalls) of both approaches...

Voting System is based on number of coins, more coins = more voices. This is applied to global voting. Local voting (among asset shareholders) takes into account number of shares.
U can issue a "fake" asset and give exactly 1 share to 1 person who proves their identity by providing scanned copy of a passport (similar to KYC). Then u can do voting among "verified" accounts on whatever u want.

[Damelon]

Yes this is ok for you and me who are tech heads but what about mainstream..... mum, dad, gran aren't going to do this.

Erm, it's not thát difficult to make a long and safe password and store it safely.  

Also, just like mum, dad and gran now ask their kids (or someone else they trust) to set up their equipment, if they want to get into NXT safely, they will have to ask for help.

There is always risk involved, but there are simple ways of getting better safety. However, if they cannot, then for now, NXT and other currency online is not for them.

[Alias]

Could I propose another simple but powerful feature? I already posted it in the dedicated NXT Features ¦ VOTE thread:

I would like to offer up another potentially simple to implement but extremely powerful feature:

16 Beneficiary Address : This feature allows you to define the account number/address to which your earned fees are sent. This would allow for a number of potential applications...

(i) Decentralized Forge Bank (every member of the bank performs their own forging, the transaction fees get sent to a central authority that divides the spoils which then redistributes them accordingly/proportionally)
(ii) Running your own Savings account 24/7 which sends the transaction fees to your checking account.
(iii) Donating all your transaction fees to a charity, bounty etc.

[Framewood]

I'm hoping someone can please help me.

Yesterday I tried to transfer 100,088 NTX from my first account 697109629372813510 to my second account which I just setup 11516574435181434547. The day before I tested the second account by transferring 10NXT from my original account and 10NXT from dgex and they transferred fine. When I transferred the 100,088NXT I used the correct address (I'm not a noob, I've been in IT for 28 years so I know how to copy & paste and check the address is correct) and I noticed a slight stall but thought nothing of it and the transaction went through. I had to go out so I shut down the computer and left. This morning when I looked it was not their, the address I sent to was wrong and now it is sitting in some random account I cannot get to 13643712185318669838. I'm hoping this is just a caching address or something and it will come through. Can anyone through some light on this?

I was using 0.4.4 client.
I'm now on 0.4.7e

The other strange thing is that the transaction fee is only 1 it should be 100.


http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=697109629372813510    first account

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=11516574435181434547   second account

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=13643712185318669838   random account

I also wanted to add if any devs are investigating any bugs, I may have had my 2 accounts open in 2 different tabs in the same browser.

[Double-Spent]

Just a friendly reminder for those that are just looking to buy NxT coins. I recommend waiting for the price to stabilize! See for yourself:

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin

current market rate is about 0.0001 (4700x)

To those who are buying these coins now... most of the coins are being hoarded, so you can only buy them on the market for 4700x or 470,000% of what all of the 1 billion coins were paid for at genesis. And people are buying, sadly, without looking at these figures. Remember - all BILLION coins are already out in circulation, and no more will be generated. All BILLION coins were bought originally for 21 BTC in total, or about $4,000 worth.

To give you an idea, someone is selling 1.8M coins (.18% of all coins circulated, that were bought for 21 BTC) for 180 BTC. If this is an early adopter (may not be), then he would have bought the same 1.8M coins for less than .04 BTC, but now is asking 180 BTC in just 1-2 months. Also, BTC is worth 6-7 more now in USD than at genesis.

I LIKE this coin, and its potential, but I don't like the price it's at, and the greed that the price is showing. So PLEASE, stop and check the math out yourself, and ask what this coin is worth.

I recommend new NxTers to stop buying these coins so high, and bringing the price even higher. Wait for some original investors to sell and distribute, and buy them at the dip. Thank you.

NXT: 6933627427271736687

Will the source code be released to the public anytime soon?

[mr_random]

Perhaps weight votes in accordance with how much NXT is in the account.

this approach could bring us in another ethical problem ;-)
(I got your point to make it expensive to gain the vote-power via multiple accounts)

LOL.  The NXT transaction fee distribution algorithm already weights participation in accordance with how much NXT is in the account of an individual, not the sheer number of nodes being contributed by computers operated by that individual - which is far more important to the health of the NXT network.  And you talk about ethical problems applying the exact same arrangement to member voting?

Just a wry observation, I see the merit (and pitfalls) of both approaches...

A compromise could be to logarithmically weight the votes based on NXT balance. So a larger NXT balance has more of a say but not linearly more.

[Framewood]

Yes this is ok for you and me who are tech heads but what about mainstream..... mum, dad, gran aren't going to do this.

Erm, it's not thát difficult to make a long and safe password and store it safely.  

Also, just like mum, dad and gran now ask their kids (or someone else they trust) to set up their equipment, if they want to get into NXT safely, they will have to ask for help.

There is always risk involved, but there are simple ways of getting better safety. However, if they cannot, then for now, NXT and other currency online is not for them.

You'd be surprised how difficult it is, I've taught IT at university and secondary levels for over 10 years and daily I'm doing face plants.

[notsoshifty]

A compromise could be to logarithmically weight the votes based on NXT balance. So a larger NXT balance has more of a say but not linearly more.

A bit of a hassle, but couldn't a large stakeholder sidestep that (or any other method that isn't just a count of the votes) by distributing his/her coins amongst multiple accounts?

[pinarello]

In continuation of the announcement that we r looking for more Nxt core devs, there are features we r planning to implement till block 525960 (in alphabetical order):

- Alias System (done)
- Arbitrary Messages (partially)
- Asset Exchange (done)
- Distributed Computing (concept not ready)
- Distributed Storage
- Instant Transactions (requires peer review)
- Mixing Service (concept not ready)
- Multisignatures
- Service Providers
- Shrinking
- Smart Contracts (concept not ready)
- Transparent Mining (partially)
- Two-phase Payments
- Voting System
- some non-revealed features

I'd like to get ur opinions what features should be implemented in the 1st place.

Sorry for the stupid question, but where does colored coins fits in?

Pin