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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761604 times)
notsoshifty
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January 15, 2014, 11:43:40 AM
 #18201

Can you, when putting it to the vote, also explain why?
Otherwise we will just get Yes from the small accounts and No from the Forging accounts.
People should vote on the fact that this lowering of the fees is proposed to increase the general worth of the system, not because of their wallets NOW.

Other factors should be mentioned too; e.g.:

 - Lower AM fee will increase blockchain size; currently we have no mechanism to prune it.
 - Lower AM fee will also increase spam and illegal content appearing on the blockchain; currently there is no mechanism to remove this (but clients can be developed to ignore it).
swartzfeger
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January 15, 2014, 11:45:09 AM
 #18202

I always wondered what the image is supposed to represent?

Shanghai Tower
Come-from-Beyond
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January 15, 2014, 11:48:09 AM
 #18203

I always wondered what the image is supposed to represent?

The way we will store Nxt blockchain in the future - DNA.
allwelder
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January 15, 2014, 11:49:04 AM
 #18204

Smaragda asked me to tell about my virtual2 currency ran on top of Nxt blockchain and AM. Well, I'm launching a coin. It will be mined by GPUs (single SHA256 algo). It's just a proof-of-concept, but soon we could see a lot of altcoins based on this concept. Client soft will be written in HTML+CSS+JS.

is there a link or thread?

Pin

https://bitcointalk.org/index.php?topic=415580.0
It could be better in English. Cheesy

 
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.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
landomata
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January 15, 2014, 11:52:46 AM
 #18205

Can you, when putting it to the vote, also explain why?
Otherwise we will just get Yes from the small accounts and No from the Forging accounts.
People should vote on the fact that this lowering of the fees is proposed to increase the general worth of the system, not because of their wallets NOW.

Other factors should be mentioned too; e.g.:

 - Lower AM fee will increase blockchain size; currently we have no mechanism to prune it.
 - Lower AM fee will also increase spam and illegal content appearing on the blockchain; currently there is no mechanism to remove this (but clients can be developed to ignore it).

1) CfB already mentioned the solution for managing blockchain size.

2) Client could easily manage this.

Edit: For spam....limit the number of new accounts a user can send messages to for a certain amount of blocks.

Illegal content.....that is a problem whether the fee is 1nxt or 10 nxt



Passion_ltc
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January 15, 2014, 11:58:27 AM
 #18206

Nxt Client for Android -- Arbitrary Message, chat system -- Updated 2014.1.15

New features:
Arbitrary Messages
You can send messages to other and view all messages of your account.


https://nextcoin.org/index.php/topic,797.0.html

Nice! Smiley

lr127
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January 15, 2014, 12:02:52 PM
 #18207

I counted the number of transactions (83556) and did a little more.
Number of accounts is 14600.

Full version: charts for transactions, amounts, fees, aliases, accounts.
Some charts has logarithmic x scale.

All charts:
http://imgur.com/Uajg1U4

Transactions only:
https://i.imgur.com/ybu2OPA.png


allwelder
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January 15, 2014, 12:03:34 PM
 #18208

Here's a close-to-final Chinese flyer. Allwelder's info was added.

This will probably be the last piece I work on; calls for english brochure text have gone unanswered (except from Damelon), so there's little need, interest, etc etc.

I had an acquaintance do a Nxt writeup in Hindi and Gujarati, which I'll shelve until and Indian Nxt portal pops up.

jpeg preview:



full size PDF
looks good.
the last sentence may be better like this:
而且:没有所谓的官方论坛,目前主要的论坛是:https://forums.nxtcrypto.org

 
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.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
instacalm
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January 15, 2014, 12:05:10 PM
 #18209

I always wondered what the image is supposed to represent?

Shanghai Tower

The Shanghai Tower 上海中心大厦 as a symbol for (re)emergence of China's economic and cultural influence on the world.

Apply that symbol of rise and aspirations to NXT in the cryptocurrency world.
pinarello
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January 15, 2014, 12:06:27 PM
 #18210


NXT with humanoid interference can not be perfect.

Pin

 Cheesy

ok, now we know that pinarello is the second account of CfB. Noone else says things like this... Cheesy

Or he has just been assimilated by the NXT Continuum

Every time I read something from CfB I hear the voice of Steven Hawking Cheesy

http://www.youtube.com/watch?v=Qf2m35N3DJU


Pin

smartwart
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January 15, 2014, 12:19:14 PM
 #18211


Still, the voting by account has a large problem.

Take for example, stakeholder A with 1mil NXT and stakeholder B with 100 NXT. In order to increase their voting power to the fullest, they both will want to separate their account into many smaller ones with 1 NXT each.

For stakeholder A, initially making a new account will cost him 1/1000000 in fees, or 0.0001% of his holdings. The next account will take 1/999998 of his holdings, and so on.
For stakeholder B, initially making a new account will cost him 1/100 in fees, or 1% of his holdings. The next account will take 1/98 of his holdings, and so on.

So we can see that the small guy ends up paying more, percentage-wise, of his holdings just to maximize his voting power. This is why, imo, 1 NXT = 1 vote is the only fair way.

This is true.
I agree with you, splitting the account is very expensive.
And your description is the Best-Case for max. voting power.


Currently its more expensive for both.
You need to assume that a account with NXT = TX-fee is useless.
You have an deadlock. You have block your found until the fee becomes lower.
That means for small accounts there is no realistic base line to maximize voting power.

Currently splitting large accounts is very expensive cause decreasing forging power.
The voting has to be more profitable than forging.
Otherwise you need to pay the Tx fee 2 times.
And we don't forget, a profitable reason for voting will always attract many other participants ;-)

NxT: 13574045486980287597
chanc3r
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January 15, 2014, 12:19:46 PM
 #18212

I always wondered what the image is supposed to represent?

The way we will store Nxt blockchain in the future - DNA.

Hmmm "Sir what currency would you like your child inoculated with?"  Shocked

bitcoinpaul
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January 15, 2014, 12:22:59 PM
 #18213

Alright the community opinion is strong enough Smiley It is coming to both Peerbet and Bit777.

VICTORY !!!
NXT COMMUNITY WON

Oh boy... time to kiss my precious NXT goodbye!  ROFLMAO!!!   Cheesy

ohoh...

http://www.youtube.com/watch?v=_nVk25ZvTkU
utopianfuture
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Internet of Value


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January 15, 2014, 12:32:51 PM
 #18214

Not to anyone in particular. Could people refrain from posing such blah blah blah ? or are we destined to evolve into a such WOW community ? Please more real works and real thoughts to push NXT ahead instead. Competition would be fierce in this industry and we can't better such player as Ethereum https://bitcointalk.org/index.php?topic=412878.msg4524703#msg4524703 if we are not trying our best.

peace,

Up


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Come-from-Beyond
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January 15, 2014, 12:36:44 PM
 #18215

Are you forging on both accounts through the same java process or is the latter account forging only?

Yes.

Yes... to which?   Cheesy

Sorry for the re-post... clear the fog CfB!   Wink

Both.

Edit: Both will be forging.
landomata
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January 15, 2014, 12:37:33 PM
 #18216

@ CfB

Can we reduce only 1 type of transaction fee (i.e Message Fee) or do we have to reduce all the transaction fee?



devphp
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January 15, 2014, 12:38:51 PM
 #18217


Illegal content.....that is a problem whether the fee is 1nxt or 10 nxt


If it's a problem, and there is no solution, sooner rather than later this will be used by competition to shut down NXT network. Alias and AM features should be disabled until solution is found.
Come-from-Beyond
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January 15, 2014, 12:39:59 PM
 #18218

Not to anyone in particular. Could people refrain from posing such blah blah blah ? or are we destined to evolve into a such WOW community ? Please more real works and real thoughts to push NXT ahead instead. Competition would be fierce in this industry and we can't better such player as Ethereum https://bitcointalk.org/index.php?topic=412878.msg4524703#msg4524703 if we are not trying our best.

peace,

Up

I read only every 2nd post. U could do the same.
Come-from-Beyond
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January 15, 2014, 12:40:46 PM
 #18219

@ CfB

Can we reduce only 1 type of transaction fee (i.e Message Fee) or do we have to reduce all the transaction fee?




Community decides. Technically we can set different fees for different types.
intel
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January 15, 2014, 12:42:59 PM
 #18220


Yes, that's what I am saying. If, by lowering fees, we see a large increase in transactions, then it will be worth it to lower fees. The question is, will we see that large of an increase right now? If not, then it may be too early to do so.

That's my point we won;t see large transaction increases because someone is not gonna waste 1 Nxt just to send a simple msg.


the cheaper it is for the user the more they will use the service.....period.

Exactly my point, too.

Also, people like to communicate.
They love to send people chatter.

Give them the ability to do so, and I bet you that transactions will take off.
And Nxt is about transactions.

There is a feature that is usuable, so make it easy and cheap to use.
That's all I am saying.

Community should vote using the ... oh wait...  Kiss

I am for putting it to a vote. The poll will run for 1 week on both Nextcoin & Nxtcrypto.org forums.

I can organize the polls on both forums.



POLL QUESTION: SHOULD WE LOWER TRANSACTION FEE TO 0.01 Nxt?





Yes!

[!] 24.7 NXT News Portal. Real-Time Update. Share your own news with NXT community and get FREE NXT!
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