NXT :: descendant of Bitcoin - Updated Information

[pinarello]

prices pretty stable on ripple and I think also stable on nxtchg

Yeah, we stabilized around 0.05, nice to see decent support in NXT.

There was one guy today who just came, dumped 25 K NXT on auto then withdrew and left.
That's when the price hit 0.02 and it started to look gloomy.

Yeah I know I was lucky to catch some from him 

Pin

[NxtChg]

I added all of these. The icon isn't perfect but it's better than nothing!

Yeah, much cooler! Make one arrow circle red, another green (green for incoming, red for outgoing) and it will be perfect.

Actually, give me a minute, I'll do it.

EDIT: Oh, wait, they're not images...

[ZeroTheGreat]

But this thing about voting by action make a lot of sense. There is no actually voting system needed. At least for important things like alias trasfer.

That's what I'm talking about! Anything can be solved without monsterous mechanism like that. Some big aliases's holders wanna power to sell theri aliases? No problem. They ask some dev to implement that. And community agree/disagree with result by their own actions. I see no problem, I'll install such feature. Someone see problem? Well, he start his own Nxt or manages to live without it or even start to find support to disagreement of such dangerous (in his eyes) feature. And market'll decide.

[jl777]

This address: 6483973064837388393   has Fee Earned:163,086 NXT. Is it possible to earn so much fee ?

That's DGEX exchange account...they've handled loads if millions of Nxt :p (along with their 75 million reserve account) so probably

Wrong Better ask cfb

I already asked Code-from-Beyonce how he forged so much by sending him 2 NXT and using the "alias-message-system"(AMS).

I remember he said that he only earned about 20000 NXT from forging. this number can't be right

[ZeroTheGreat]

Voting by stake makes sense, as those with the most invested in NXT will want to see it succeed the most.

Disagree strongly. Voting can't bring success just by itself. Actions can (like marketing or teaching of crypto). So it anyone want project to succeed, he'll act to make dream come true.

Take a look at current political battlefield of your place. Last voting changed something? It's relatively easy to manipulate mind, and we see around us a lot of fradulence as solid proof of that.

[greyw00lf]

Code:

gpg: Signature made Tue Jan  7 20:16:43 2014 CET using RSA key ID 3BF9ED80
gpg: Good signature from "Jean-Luc Picard (Lead Developer of The Nxt Generation) <jlp666@yandex.ru>"

Please do this every time.

I could, but then you'll have to trust me...
so better check it yourself.

But when i see the next message i will verify it again, hope i'm not too late then

[Come-from-Beyond]

I remember he said that he only earned about 20000 NXT from forging. this number can't be right

Maybe that was before block 22000.

[utopianfuture]

Voting by stake makes sense, as those with the most invested in NXT will want to see it succeed the most.

Disagree strongly. Voting can't bring success just by itself. Actions can (like marketing or teaching of crypto). So it anyone want project to succeed, he'll act to make dream come true.

Voting is to bring out consensus. Would be one feature that makes NXT a success.

[ZeroTheGreat]

Voting is to bring out consensus.

Already brought. I'm missing the point. Each time any network exists = consensus of rules exists too. If it'll be lost, network'll disappear. No voting required, actions brings ut to consensus, nothing else. But global voting brings risks of centralization. Why it'd be implemented then? What problem can't be solved without it in your opinion?

[NxtChg]

Voting by stake makes sense, as those with the most invested in NXT will want to see it succeed the most.

Disagree strongly. Voting can't bring success just by itself. Actions can (like marketing or teaching of crypto). So it anyone want project to succeed, he'll act to make dream come true.

Sorry, haven't paid much attention to this discussion. I remember reading somewhere "if you get to the point where you need to vote, you already lost".

That said, if a decentralized, reliable voting system can be implemented, I think it should. Or am I missing the point? What's this voting system? Couldn't find anything on the wiki...

[dzarmush]

Anyone can make 1000000 acoounts and vote as 1000000 people, so it's not the option

Misunderstood my point.

Doesn't matter. I don't think we need voting system at all. Cfb, BCNext and other core developers knows how to improve the system better than a crowd. And if for some reason they start doing mistakes then a new core will appear with new great ideas. It's easy. People will always be supporting best ideas. Nexern's client is the best example. When it's done, NRS is likely gone. No need to vote for the best client. People will vote with installation.

[stdset]

@Jean-Luc

What's your opinion on the following features?

1) Checksums for addresses on protocol level;
2) Divisibility.

Any plans to implement them? If so, when?

[ferment]

I added all of these. The icon isn't perfect but it's better than nothing!

Yeah, much cooler! Make one arrow circle red, another green (green for incoming, red for outgoing) and it will be perfect.

Actually, give me a minute, I'll do it.

EDIT: Oh, wait, they're not images...

Done!

[jl777]

Hi,

I think some of people are playing on price to downward it. I was checking and even there were above buy order the price given by me, the buy order was complete. They sold it with quick sell.

big price moves on dgex only
prices pretty stable on ripple and I think also stable on nxtchg

This indicates attempt at moving the price and not that the price has moved.

That is because of the low volume on those two, I think

Usually low volume means that the price changes more as one order can really move things. Clearly, the trading on dgex is not pure trading of NXT. There are other issues that are affecting the price of NXT on dgex. Maybe we need to have a combined average price for NXT that incorporates all the markets? Like BTC has btc-e, bitstamp, half a dozen China exchanges, mtgox, all with different prices. Sometimes prices on one exchange change dramatically while stable at others. I remember when OKcoin CEO was in hot water, BTC there was significantly lower than the other China exchanges.

James

[greyw00lf]

@Jean-Luc

What's your opinion on the following fetures?

1) Checksums for addresses on protocol level;

+1

[ZeroTheGreat]

Sorry, haven't paid much attention to this topic. I remember reading somewhere "if you get to the point where you need to vote, you already lost".

Exactly.

That said, if a decentralized, reliable voting system can be implemented, I think it should. Or am I missing the point? What's this voting system? Couldn't find anything on the wiki...

For what in your opinion? Why "should"?

[ZeroTheGreat]

Doesn't matter. I don't think we need voting system at all. Cfb, BCNext and other core developers knows how to improve the system better than a crowd. And if for some reason they start doing mistakes then a new core will appear with new great ideas. It's easy. People will always be supporting best ideas. Nexern's client is the best example. When it's done, NRS is likely gone. No need to vote for the best client. People will vote with installation.

Thank you, similar to my thoughts.

Anyone sharing our point of view or holding valid counterarguments?

[NxtChg]

I added all of these. The icon isn't perfect but it's better than nothing!

Yeah, much cooler! Make one arrow circle red, another green (green for incoming, red for outgoing) and it will be perfect.

Actually, give me a minute, I'll do it.

EDIT: Oh, wait, they're not images...

Done!

Ah, you're the man!

[pandaisftw]

"voting by people" requires those people to be registered and accounted for

Misunderstood. I mean if 10 people set up 200 forging nodes of Nxt they voted with their own actions for current Nxt implementation. Someone wanna add something new into their 200 nodes? Well, he'd try to convice them to install his code, that's all. No global voting requried. What problem can't be solved without it?

And right now these nodes are weighted according to their stake (+hallmarks). Exact same situation, the coins give them the legitimacy (proof of stake).

Also, keep in mind, many of the hallmarked nodes right now are run by only a handful of people (the ones that took the time to get their own server/VPS)... so without a voting system, we are actually more centralized.

Lastly, without a voting system, what if there is a feature that a majority of stakeholders want, but the majority of node owners with hallmarks won't update their servers? This will only lead to a node-arms-race where people with the most money to set-up servers and hallmarks will win. This seems way worse than a simple 51+% vote to determine what the overall network wants.

[dzarmush]

But this thing about voting by action make a lot of sense. There is no actually voting system needed. At least for important things like alias trasfer.

That's what I'm talking about! Anything can be solved without monsterous mechanism like that. Some big aliases's holders wanna power to sell theri aliases? No problem. They ask some dev to implement that. And community agree/disagree with result by their own actions. I see no problem, I'll install such feature. Someone see problem? Well, he start his own Nxt or manages to live without it or even start to find support to disagreement of such dangerous (in his eyes) feature. And market'll decide.

Strongly agree.