NXT :: descendant of Bitcoin - Updated Information

[ZeroTheGreat]

It is ZeroTheGreat's favorite NXT feature!!!     lmao

Better safe then sorry 

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[davethetrousers]

Seriously, DGEX? Only one transaction out this evening?

07.01.2014 20:08:30      9703795993351757196   30,100   5   7699415320093264906   4453295180040092198

Graviton, step on the gas please

[NxtChg]

For what in your opinion? Why "should"?

I am not yet even sure what you, guys, are talking about

If it's what I think - a decentralized system, which would allow you to vote reliably on any subject - then it should be implemented simply because none exists.

Or is it something else?

[EvilDave]

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

.02...ben jaloers.
I think I need to get my ass on over 2 NxtChg.com

[Come-from-Beyond]

Number of zombie nodes became much smaller. Is it only me or others see the same picture?

[jl777]

GREAT IDEA

1) So the USD would be deposit to this account...by wire transfer or western union etc...

2) to withdraw USD IBC would wire money to the recipient...so they will still be wiretransfer delays & fees

 Edit: would this require serious manpower?

Online Banking has made these transfers very easy, just make sure the Belize Bank you choose offers it. Actually, the bank account does not even have to be with a Belize Bank as long as you find a bank that would be willing to open an account for the IBC and NOT you. It could be in any country... plus the IBC can offer deposits through an online payment service through its merchant account and customers will be able to deposit even with their Debit/Credit Cards. If income is earned outside Belize, there is NO TAX.

Pls explain more how we can do this in a decentralized way ASAP....thank you....also trust how to fix that

edit: we still need to trust the person doing the transfers

I can't think of how a gateway could be decentralized. If there were many gateways and a uber-issuer that spread across multiple gateways, it could approximate that, but it starts getting very complicated.

Did I mention peercover is already a USD gateway. Right now. No need to wait for asset exchange. This is why I know that using ripple gives NXT a strategic edge. All of the fiat regulation is dealt with by the ripple gateways. Any NXT/fiat gateway would need to do all the same sort of things anyway

James

What is needed in order to see NXT/USD in Peercover? NXT/BTC? I am talking about volumes, I may try to set up a market there tomorrow..

This is fantastic news!

There are two primary things that are needed. Sellers and buyers. If there were sellers with decent priced inventory and the buyers knew about it, then a market would automatically form. Of course, a persistent reminder about it won't hurt. Once the volumes are there and the spreads are low, then it will gain momentum on its own.

At first it might need someone to make a market to get the trades going. I would be more than happy to do that, as that is kind of my day job. Anybody can place orders in the orderbook, just need to select the NXT/USD or NXT/BTC pair.

nxtgt made a great howto for this: https://nextcoin.org/index.php/topic,2527.0.html
He has also volunteered to send the initial 30XRP needed for ripple accts.

Most important is to get people to just start using ripple. I will be going on a 17 hr bus ride soon, so I doubt I will have any wifi for a while. When I get back online I will be able to actively make a market in all three NXT/XRP, NXT/BTC and NXT/USD.

It does take a bit to get used to ripple, so the best thing everyone can do is just create a ripple acct and start the process. get 30XRP to get your acct activated and follow the howto

James

[ZeroTheGreat]

so without a voting system, we are actually more centralized.

How?!   I can't get it really.

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.

If there's a feature majority of stakeholders want, they'd install it. But'd not forcing anyone to do anything for their own benefit. Convince node (small stakeholder, or provider) that feature benefit his too and network'll update.

How forcing connects with decentralization?

[ZeroTheGreat]

I am not yet even sure what you, guys, are talking about

If it's what I think - a decentralized system, which would allow you to vote reliably on any subject - then it should be implemented simply because none exists.

Or is it something else?

We're talking about Global Voting. Some unclear built-in mechanism to make decisions based on amount of coins agreed to it. I see no real benefits, only risks. Hmm, to solve real problems it doesn't help. Coins =/= specialists. How to build strong system specialist'd decide, not masses, but if masses trust him, they'll use system. As simple as that.

Life is your "global voting".

[laowai80]

Number of zombie nodes became much smaller. Is it only me or others see the same picture?

Zombies are probably working on a new deadly plan 

[ZeroTheGreat]

And that's way changings in basics of Nxt shouldn't be globally voted by coins.

There is no other way.

Do you disagree that voting AS actions of Nxters best way of all?

For example, I disagree with basics of Bitcoin, so I chose Nxt and it's can be view as voting in actions. Why any other mechanism'd be build?

[Come-from-Beyond]

And that's way changings in basics of Nxt shouldn't be globally voted by coins.

There is no other way.

Do you disagree that voting AS actions of Nxters best way of all?

For example, I disagree with basics of Bitcoin, so I chose Nxt and it's can be view as voting in actions. Why any other mechanism'd be build?

I'm talking about voting without leaving the system.

[utopianfuture]

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?

Let's apply your logic to the issue at hand: the voting system. You don't like it and I like it. Of course, you have supporters and and I also have supporters. So by your logic, developers should just implement the voting feature. If you and your supporters don't like it, just don't install it and don't vote. Isn't it that what you want ?

Or because you are so superior than me and the developers should just listen to what you say and ignore my request ?

At least if there is a voting system in place, you and your supporters can try to vote to disable that feature. That's what you should plan to do if you really want it, not by pleading to developers to ignore my request.

[ZeroTheGreat]

I'm talking about voting without leaving the system.

Don't you see: it makes path to forcing part of community to follow some winner (center)?

I can't lose in voting by actions. In worst case I'll die as free person.

[NxtChg]

We're talking about Global Voting. Some unclear built-in mechanism to make decisions based on amount of coins agreed to it.

Then we need to clear it first, no point in arguing something vague

Coins =/= specialists. How to build strong system specialist'd decide, not masses, but if masses trust him, they'll use system. As simple as that.

Life is your "global voting".

Well, in general, I agree with you.

[Come-from-Beyond]

I'm talking about voting without leaving the system.

Don't you see: it makes path to forcing part of community to follow some winner (center)?

I can't lose in voting by actions. In worst case I'll die as free person.

Please, visit a website in my signature. That coin is for people like u.

[NxtChg]

Let's apply your logic to the issue at hand: the voting system. You don't like it and I like it. Of course, you have supporters and and I also have supporters. So by your logic, developers should just implement the voting feature. If you and your supporters don't like it, just don't install it and don't vote. Isn't it that what you want ?

Or because you are so superior than me and the developers should just listen to what you say and ignore my request ?

At least if there is a voting system in place, you and your supporters can try to vote to disable that feature. That's what you should plan to do if you really want it, not by pleading to developers to ignore my request.

Nice... I think you've just defeated him hands down

[ZeroTheGreat]

Why Nxt'd be different coin in that aspect? So far I see no solid arguments for Global Voting at first place.

Any problem wrote can be solved with natural acception/denial of new software by users: version 0.5.2, selling Aliases, nexern's client and even freezing accs sometimes in future. Why do implement Global Voting?

Who insists and why?

[pandaisftw]

so without a voting system, we are actually more centralized.

How?!   I can't get it really.

Because hallmarked nodes are given priority over a normal node without a hallmark any day. And right now, a majority of nodes are controlled by a handful of people. I can set up 1000 nodes, but without a hallmark, most of the traffic will flow through hallmarked servers. So in the end, it was the stake that decided the outcome, not the action.

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.

If there's a feature majority of stakeholders want, they'd install it. But'd not forcing anyone to do anything for their own benefit. Convince node (small stakeholder, or provider) that feature benefit his too and network'll update.

How forcing connects with decentralization?

You seem to think that majority of stakeholders = majority of node owners. This is not the case. For example, I have my hallmark on one of ferment's VPS's. Are you saying that he get's my votes simply because I don't have a VPS that can be up 24/7 with a static IP? Are we going to require every user to sign up for their own VPS so they can have a voice? Voting is completely decentralized and every account will be accountable for their vote (because of their stake) so it is not possible to game the system. This seems fair to me.

[utopianfuture]

I am not yet even sure what you, guys, are talking about

If it's what I think - a decentralized system, which would allow you to vote reliably on any subject - then it should be implemented simply because none exists.

Or is it something else?

We're talking about Global Voting. Some unclear built-in mechanism to make decisions based on amount of coins agreed to it. I see no real benefits, only risks. Hmm, to solve real problems it doesn't help. Coins =/= specialists. How to build strong system specialist'd decide, not masses, but if masses trust him, they'll use system. As simple as that.

Life is your "global voting".

By specialists, if you means developers like BCNext, CfB and Luc, then they already plan to add voting feature. Why don't you do what you wrote here ? Let them decide ?

Think more about your position before pleading your case. Right now it is just indefensible.

[mcjavar]

I'm talking about voting without leaving the system.

Don't you see: it makes path to forcing part of community to follow some winner (center)?

I can't lose in voting by actions. In worst case I'll die as free person.

Please, visit a website in my signature. That coin is for people like u.

I tried to understand it couple of days ago, but I left the site after 10 mins because I was confused and still didn't understood it. So it's not made for me, right?