NXT :: descendant of Bitcoin - Updated Information

[laowai80]

Its already running close to one hour now and ist still on block 1. I have 19 connected peers....do you think adding peers manually would help?
If so, do you by any chance have a link to a peer list and how to add them?
Thanks

did you try 0.4.9e yet? it's actually more stable and has more peers in the web.xml file.

http://info.nxtcrypto.org/client-update-0-4-9e-beta/

[coolfish]

Dgex may be able to charge!
But should not be today!
Today is an important release date, is not it?

[davethetrousers]

If so, do you by any chance have a link to a peer list and how to add them?

I recommend to make use of this, of course.

The practical solution.

[pinarello]

Hey, something strange happened to me today. After I noticed that I seemed to be on a fork (my block did not correspond to the one on the blockexplorer), I copied my blocks.nxt files to a backup location and then deleted them in my client folder. Then I copied a older blockchain in to the folder (from block 29k) but it did not get any new blocks, even after 10 min of waiting and 20+ active peers. I also tried to download from scratch, but no luck, same thing. Just won't download the block chain

Any thoughts what I can do to get the block chain to download?
Thanks!

when this happens I blow away the whole nxt folder and unzip the latest ver and then copy over a blockchain backup annd restart.  sometimes ill reboot.  its the only way to be sure (nuke it from orbit)

Tried all of that, already. Deleted everything, rebooted my PC, copied the files from the download folder in my Nxt folder, tried to download from scratch and tried to download with may backup blocks.nxt....
Nothing helped (usually it dose)

What version? 0.4.8+? Catch blocks from block 0.

First I was using 0.4.8 then after this problem accursed I also downloaded version 0.4.9e....both with no luck
And yes, I ryed to catch the blocks from block 0....aswell as from block 29k (my back up )

Though something I do notice now, which is strange, there are no .nxt.back files

Leave it for half an hour, it will catch blocks eventually.

Its already running close to one hour now and ist still on block 1. I have 19 connected peers....do you think adding peers manually would help?
If so, do you by any chance have a link to a peer list and how to add them?
Thanks

helpdesk 24/7...

https://nextcoin.org/index.php/topic,2135.0.html

[zhangdu]

It is chicken and egg. If we just started trading peercover NXT/BTC on ripple, there will be liquidity. We don't need to worry about any other thing trading on ripple. NXT/BTC is like a colored coin that is just using ripple for exchange.

Because NXT is introducing its own system of colored coins through Distributed Assets Exchange soon, using Ripple to trade NXT hurts value of NXTs they hold. Ripple and NXT are more competitors than Bitcoin and NXT are. So, anyone who wants NXT to succeed should not use Ripple to trade NXT. Are my assumptions wrong? If they are wrong, why?

ripple is to NXT as classical music is to grunge rock
both are music, even though each group will claim the other group is not. It is my assessment that they can both coexist peacefully and advantageously to each other. A symbiosis.

If you ever want to convert NXT to USD, ripple makes it trivially easy. Maybe you don't want to, you don't have to. ripple is oriented toward being the cross currency payment system. NXT as you know is quite a bit more than that. Is there overlap, sure, probably around 5%. Gee, that's about what dgex is charging isn't it. Keep paying dgex usurious fees or trade on ripple without cost.

The only cost is because people are not using peercover's ripple gateway. If we used it, spreads will come down. The high spread is the only cost and that is because people are not using it.

James

totally agreed！one more point，NXT is 2nd version of ripple！or we can call NXT as color xrp, of course, not now, must wait untill all the worked planned for NXT done！

[Come-from-Beyond]

Its already running close to one hour now and ist still on block 1. I have 19 connected peers....do you think adding peers manually would help?
If so, do you by any chance have a link to a peer list and how to add them?
Thanks

Use http://nxtra.org/nodes/ to get peers.

Switch "communicationLoggingMask" to "3" and send me log after 5 mins of working.

[Come-from-Beyond]

totally agreed！one more point，NXT is 2nd version of ripple！or we can call NXT as color xrp, of course, not now, must wait untill all the worked planned for NXT done！

(Where have I seen these exclamation marks?......)

[bahamapascal]

Its already running close to one hour now and ist still on block 1. I have 19 connected peers....do you think adding peers manually would help?
If so, do you by any chance have a link to a peer list and how to add them?
Thanks

did you try 0.4.9e yet? it's actually more stable and has more peers in the web.xml file.

http://info.nxtcrypto.org/client-update-0-4-9e-beta/

Yes, thats the version I am using right now

[notsoshifty]

With this talk about sending to alias, do you have any thoughts on my question about what/when does the alias lookup?

As a side question: one important feature for nxt is the ability to send funds to a named alias rather than a number. I can see this being implemented in two ways:

1. Purely client side. The client looks up the alias to get the account ID, and then creates a transaction with that account (not alias) as the recipient
2. Within network/API. The client creates a transaction with the alias as the recipient, and the network (i.e. forging node, and other nodes through validation) translates the alias into an account id at time of forging

The second seems to me to be cleaner and preferred. Example: a transaction might take hours to get processed, and what's important is the account that the alias corresponds to at the time it gets processed, not when it is initially shoved into the network.

However, this would require API changes. And so any URI conventions that are adopted by browser extensions/addons would need to be adopted into the API.

Another point in favour of #2: I would rather see in the block chain a transaction that says I sent to 'bob', not to '123456789'.

"Send to alias" payment should solve this, right?

Perhaps - but can you clarify how this works? Does the client (or node that initially creates the transaction) lookup the alias at time of transaction to get the account ID, and then create a transaction with that account ID as recipient; or does it create a transaction with that alias as recipient (with the forging node doing the alias lookup when the block is forged)? If it is the latter, what format does the API expect the alias to be? E.g. '123456789', 'acct:123456789', 'acct:123456789@nxt', etc? Could it handle more complex alias URIs that bundle not only account number but also email address, web address, etc?

[rickyjames]

EpicThomas -

It is a generous offer for you to say you will donate your personal holdings of around 50K NXT to cover lost coins.  If we are unable to arrange getting the bandit accounts emptied back to their original owners, I think you should plan on doing this as restitution.  I have an second account with only 10 NXT in it that I use for testing with Raspberry Pi.   Its number is 16092180239932658439.    Any coins you put in there I will make sure get distributed to the people who have lost NXT from infected clients.  I will publicly post just this one paragraph of our ongoing discussion so the forum group can police my handling of any NXT you choose to surrender in this manner.

[Come-from-Beyond]

Perhaps - but can you clarify how this works? Does the client (or node that initially creates the transaction) lookup the alias at time of transaction to get the account ID, and then create a transaction with that account ID as recipient; or does it create a transaction with that alias as recipient (with the forging node doing the alias lookup when the block is forged)? If it is the latter, what format does the API expect the alias to be? E.g. '123456789', 'acct:123456789', 'acct:123456789@nxt', etc? Could it handle more complex alias URIs that bundle not only account number but also email address, web address, etc?

The latter. Format is not standardized yet, community should do it.

[zhangdu]

totally agreed！one more point，NXT is 2nd version of ripple！or we can call NXT as color xrp, of course, not now, must wait untill all the worked planned for NXT done！

(Where have I seen these exclamation marks?......)

here you see!

BTW, on the first page，MR.2Kool4Skewl use the “ripple giveaway” as his signature and which still open， therefore， i think MR.2kool4skewl must one of the ripple fans.

[bahamapascal]

Its already running close to one hour now and ist still on block 1. I have 19 connected peers....do you think adding peers manually would help?
If so, do you by any chance have a link to a peer list and how to add them?
Thanks

Use http://nxtra.org/nodes/ to get peers.

Switch "communicationLoggingMask" to "3" and send me log after 5 mins of working.

OK, did as you sad...but I think I will be unable to send you a log file as strangly there are none (I am looking in the "logs" folder, is this correct? )...
Also I am now running fo a couple of minuts and its the same story as before, though this time I only have 3 conected peers....but more should drop in as time passes.

[morningtime]

NXT is great, the fees are reasonable, becaues NXT is more risky than Bitcoin. Stop worrying, start trading.

[bidji29]

I sent 100k nxt to the peercover NXT Gateway.
How much time is needed for them to appear on my balance?

[Come-from-Beyond]

Its already running close to one hour now and ist still on block 1. I have 19 connected peers....do you think adding peers manually would help?
If so, do you by any chance have a link to a peer list and how to add them?
Thanks

Use http://nxtra.org/nodes/ to get peers.

Switch "communicationLoggingMask" to "3" and send me log after 5 mins of working.

OK, did as you sad...but I think I will be unable to send you a log file as strangly there are none (I am looking in the "logs" folder, is this correct? )...
Also I am now running fo a couple of minuts and its the same story as before, though this time I only have 3 conected peers....but more should drop in as time passes.

Run "java -jar start.jar > log.txt" and send me log.txt file.

[delulo]

Does anyone see a fundamental reason why nxt is falling on dgex? Transaction fees are against dgex but not against nxt..

[Come-from-Beyond]

here you see!

I found it - In the title of https://bitcointalk.org/index.php?topic=384097.0

[laowai80]

here you see!

I found it - In the title of https://bitcointalk.org/index.php?topic=384097.0

haha, some detective work

[garp]

The main reason for 1.4% NXT withdrawal fee is that we have lost a total of approx. 800 000 NXT during the processing of 11000+ deposits and 7000+ payouts within the month in the unstable NXT network and experimental API, plus our own software in the quick time to market and extremely risky circumstances.

If you think that's too much of a loss, you should have attempted to run the whole show yourself. There ALWAYS are losses in realtime payment processing. They need to be budgeted.

Yet at the same time, we have not complained but have enabled for the community 10000% value increase for their NXT, and through operating nextcoin.org and dgex.com have been a crucial factor in the expansion of NXT adoption.

Now, with the 800 000 NXT deficit, how would you suggest we recover that if not as fees from those who have benefited from us making live trading available in the first place (the customers)? Any suggestions are welcome!

Fees cover the facilities, and they cover the risks. We deal with it, and so should our customers.

So the main reason for the additional fees is a loss. I understand this is not the goal of a business. You provided a service and earned revenue from it (fees, ask-bid margin and other trading engine profits, forging, possible other sources of profit I'm not aware of since I don't run an exchange ) But those profits are OK and fair I suppose, since everybody assumes they are there. But incurring an inexpected loss should not be a reason or an excuse to become unfair to your customers.

You ask for any suggestions. It's possible to give one. But first some thoughts about your comments and arguments:

First, regarding your loss: You have the database with all the accounts and all the transactions. With some additional effort it should be possible to show, explain or even prove what caused your losses.
Nevertheless, together with your first message about your loss, you quickly give a few uncertain indications about possible causes of your loss(es):

• "unstable NXT network" OK. Who is responsible for that? Not the dgex customers IMO. On the contrary. Since all of them probably ran an NRS that helped to stabilize the network.
• "experimental API" OK. Who is responsible for that? Not the dgex customers IMO.
• "our own software" OK. Who is responsible for that? Your FAQ claims "We have more than a decade's experience in combatting e-currency hackers of a wide variety, and two years' intensive experience of the Bitcoin tricksters." Your customers probably trusted you. Should they be punished?
• "quick time to market" OK. But your FAQ also mentions "DGEX started by trading Freicoin", so I suppose you've used the software before Nxt started in November, right. And who forced you to come quickly to the market. That was your own decision, not one of your customers.
• "extremely risky circumstances" OK. If your customers added risk, you should try everything to identify those instead of blaming and charging everybody.

Second, regarding your logic to recover these losses:

• "have enabled for the community 10000% value increase". Not all your customers have benefited from this value increase. Yes, the early adopters (73 owners/founders/stakeholders and other). And they might have been gone from your exchange already @ 0 fee. I'm even sure some of your current customers are losing money.
• "as fees from those who have benefited from us" OK. But as already indicated, the group of dgex users who have benefited and the group of all customers @ the time of the increased fee announcement are two groups that are not the same.
• "Fees cover the facilities, and they cover the risks. We deal with it, and so should our customers." OK. I understand you're mad about the loss. But you can only expect your customers to deal with it the way you propose if your terms are announced upfront. Now you have suddenly a lot of customers who feel themselves imprisoned and they clearly don't like it. And as a business, you should try to keep your customers happy or satisfied I suppose. Unless ... That's up to you.

Your solution of increasing fees for all customers is a quick and easy one. But not the right one as I'm sure you understand. I hope you also care, as I think you do, because you remain a visitor of the forum.

So, finally, my suggestion: Please provide more info about the possible causes of your loss(es). I'm sure the community (including the large holders) can help to come up with proper and fair solutions.

I hope you can put in the extra effort to come up with that extra info and you will reconsider your fee structure after proper alternatives to recover your loss(es)