NXT :: descendant of Bitcoin - Updated Information

[laowai80]

I think your script only works when the process is crashed right ? The problem is that is does not crash but just runs but "hangs". So I would like to do a shutdown and restart of the process every 12 hours.

Well, you could kill off the process and then restart it, but the thing is the blockchain files could get corrupt, so you'd have to do some .bak files copying, so better wait till 0.4.8 anyway

[dittie]

I think your script only works when the process is crashed right ? The problem is that is does not crash but just runs but "hangs". So I would like to do a shutdown and restart of the process every 12 hours.

Well, you could kill off the process and then restart it, but the thing is the blockchain files could get corrupt, so you'd have to do some .bak files copying, so better wait till 0.4.8 anyway

Ok, it should be here soon right ?

[jl777]

newcn

Did you do a ripple send to ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV?dt=12 the NXT you want to withdraw? That is peercover's address, in order to withdraw the ripple NXT you have to redeem it by sending it back to peercover. If you don't send it back, there is nothing to withdraw

James

[zhangdu]

newcn

If you notice the ripple address you are to send it to has a ?dt=<number>
That number is how the peercover server knows to send it to the NXT acct you put in
All fully automated, except for the part where you have to send back the ripple NXT to redeem it

James

I withdrew 2 times, and the following  RIPPLE_ADDR?dt=<NN>  are different, both for RIPPLE_ADDR and NN,
and several hours passed, the balance of my nxt account did not increase,
my nxt amount in my ripple wallet did not change,
I must did sth wrong!

Check your email,you should receive a mail from peercover.

you r right, I got 3 emails from peercover:

Code:

NXT withdrawal pending
Send NXT to ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV?dt=12 for deposit into NXT wallet with address 16886318053889080545 

NXT withdrawal pending
Send NXT to ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV?dt=29 for deposit into NXT wallet with address 16886318053889080545 

1688....0545 is my nxt account, to which I withdrew some nxt .
but the ra9e....Qxv is not mine!

ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV?dt=12/29 is the peercover ripple gateway trust add, you send the NXT to that acc, then peercover will send  
NXT to your NXT ACC.  It shoud take about 1 day I think.

[newcn]

newcn

Did you do a ripple send to ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV?dt=12 the NXT you want to withdraw? That is peercover's address, in order to withdraw the ripple NXT you have to redeem it by sending it back to peercover. If you don't send it back, there is nothing to withdraw

James

no, I did nothing inside ripple about the withdraw,
so, I should send nxt to ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV inside ripple?
I shall have a try ASAP
thank you!

one more question: should I put  "dt=12" as the "destanation tag" in ripple?

[laowai80]

Ok, it should be here soon right ?

I hope so

[mcjavar]

Anyone interested? The price for a t-shirt would be 350 Nxt (+ shipping within Europe 200 Nxt, outside Europe 400 Nxt)

I am not a graphic designer, this is just an idea

[GCInc.]

In 10 years Graviton could say:
- I recall times when I had 7.5% of all world wealth in my pocket...

Hah, I take that as a statement of ultimate optimism justified even with the past tense

[newcn]

ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV?dt=12/29 is the peercover ripple gateway trust add, you send the NXT to that acc, then peercover will send  
NXT to your NXT ACC.  It shoud take about 1 day I think.

Thank you, I see

[user1922]

Are there any plans on redistributing the roughly 61 million USD in NXT ? The current distribution seems so far off, it borders on being ridiculous. Basically all founders are now millionaires. Before it is even usable as a payment system?
I tried to gather some NXT but it seems almost impossible, I got more free BTC doing less work (not mining, but faucets, ad-clicking, etc).
This all seems a bit too greedy for my taste to be totally honest.

Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years? Seems a LOT fairer to me.

[trefifund]

Are there any plans on redistributing the roughly 61 million USD in NXT ? The current distribution seems so far off, it borders on being ridiculous. Basically all founders are now millionaires. Before it is even usable as a payment system?
I tried to gather some NXT but it seems almost impossible, I got more free BTC doing less work (not mining, but faucets, ad-clicking, etc).
This all seems a bit too greedy for my taste to be totally honest.

Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years? Seems a LOT fairer to me.

I second that!

Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years?

Great Ideas

[allwelder]

Dont know why there are so many red flags in my acitve peers and Orange flags in know peers.
Just ignore them or take some action?
Thanks.

[Come-from-Beyond]

Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years? Seems a LOT fairer to me.

This would make Nxt less secure. Google "proof-of-stake" and read Sunny King and Balthazar.

[bizz]

Are there any plans on redistributing the roughly 61 million USD in NXT ? The current distribution seems so far off, it borders on being ridiculous. Basically all founders are now millionaires. Before it is even usable as a payment system?

Are you talking about bitcoin?  

I tried to gather some NXT but it seems almost impossible, I got more free BTC doing less work (not mining, but faucets, ad-clicking, etc).
This all seems a bit too greedy for my taste to be totally honest.

You can buy it on dgex with no problem? But you want it for free/nothing? That seems greedy to me.

[Uniqueorn]

It would not be fair to steal back the NXTs, are you crazy?
They were lucky and got in on the deal. Sadly a lot of them are greedy as hell and don't contribute at all to the community and let's us do all the hard work. But that's the nature of business I guess, we might be able to change the system, but not the users of said system.

[user1922]

Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years? Seems a LOT fairer to me.

This would make Nxt less secure. Google "proof-of-stake" and read Sunny King and Balthazar.

If all coins would be created at once, but held in the Genisis account I do not see how that will reduce security? The only difference is WHO holds them.

I did not mean that transactions would become free, but you could also have chosen to have the sender pay a fee AND add 1 NXT from the Genesis account. This would not reduce security and it would distribute NXT at the same time to the ones contributing to the NXT network.

[jl777]

newcn,

you need to ripple send to the exact address given to you on the page, including the ?dt=...

James

[trefifund]

I did not mean that transactions would become free, but you could also have chosen to have the sender pay a fee AND add 1 NXT from the Genesis account. This would not reduce security and it would distribute NXT at the same time to the ones contributing to the NXT network.

Hey man, you're talking out of my soul

[landomata]

I did not mean that transactions would become free, but you could also have chosen to have the sender pay a fee AND add 1 NXT from the Genesis account. This would not reduce security and it would distribute NXT at the same time to the ones contributing to the NXT network.

Hey man, you're talking out of my soul

how can the sender pay fee's when he has none....Nxt needs to be distributed before it can be spent.

[jl777]

user1922, trefifund, etc

How is it that BCNext's giving away millions of dollars worth of software somehow turns the lucky founders into greedy people?

If you are given a winning lotto ticket for $1, how would you feel if people started calling you greedy because you don't sell it for $10. After all that is 10 times gain of what you paid, certainly more than fair isn't it?

What, you would want to get more than $10? Let's say it is worth $10,000 how much would you sell your ticket for? What does it matter what you paid for it? It is worth what it is worth. BCNext created the value so it was his to give away. The founders received it and the vast majority of them have been doing a fantastic job not only selling it at below what they know it will be worth, but actually simply just giving it away. Not to mention totally disrupting their lives. They never realized what would happen when they sent the 1BTC in.

For anybody who complains that the founders aren't selling their NXT at ridiculous discounts to what it is worth, please tell me what you would sell a $10000 lotto ticket for, the one you were given by someone else for $1.

James