NXT :: descendant of Bitcoin - Updated Information

[msin]

What happened to the original 21 BTC?  Were they permanently removed from circulation?  If so, how did the original donors feel about giving $210 to the Winklvii?  Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

Is there a point to your stupid ramblings? 

[vintagetrex]

What happened to the original 21 BTC?  Were they permanently removed from circulation?  If so, how did the original donors feel about giving $210 to the Winklvii?  Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

Is there a point to your stupid ramblings? 

Ya, I'm about to dump my life savings into Nxt and I want to make sure its legit first by asking all the questions possible. 

[vintagetrex]

can anyone answer questions about the data storage capacity of Nxt?  What are its limitations?  Does it currently exist? What kind of files etc….

[LiQio]

What happened to the original 21 BTC?  Were they permanently removed from circulation?  If so, how did the original donors feel about giving $210 to the Winklvii?  Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

What BCNext did with the 21 BTC? Ask him  (Probably paid some developers, drank a beer, ...)
Why should they have been removed - NXT is not something sitting on top of the BTC blockchain - NXT is from scratch new stuff

[msin]

What happened to the original 21 BTC?  Were they permanently removed from circulation?  If so, how did the original donors feel about giving $210 to the Winklvii?  Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

Is there a point to your stupid ramblings? 

Ya, I'm about to dump my life savings into Nxt and I want to make sure its legit first by asking all the questions possible. 

By asking about the Winkle twins?  Don't dump your life savings into any crypto coin.  

[vintagetrex]

What happened to the original 21 BTC?  Were they permanently removed from circulation?  If so, how did the original donors feel about giving $210 to the Winklvii?  Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

What BCNext did with the 21 BTC? Ask him  (Probably paid some developers, drank a beer, ...)
Why should they have been removed - NXT is not something sitting on top of the BTC blockchain - NXT is from scratch new stuff

oh ok thats good to know.  I thought maybe y'all gathered a bunch of tulips and your cash then said "ok everyone burn it all" then had everyone burn up their cash and said "ARISE TULIP BULBS, MASTER OF CURRENCY"

[vintagetrex]

What happened to the original 21 BTC?  Were they permanently removed from circulation?  If so, how did the original donors feel about giving $210 to the Winklvii?  Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

What BCNext did with the 21 BTC? Ask him  (Probably paid some developers, drank a beer, ...)
Why should they have been removed - NXT is not something sitting on top of the BTC blockchain - NXT is from scratch new stuff

oh ok thats good to know.  I thought maybe y'all gathered a bunch of tulips and your cash then said "ok everyone burn it all" then had everyone burn up their cash and said "ARISE TULIP BULBS, MASTER OF CURRENCY"

ok that was a troll.  the question about the data storage is legitimate tho

[vintagetrex]

What happened to the original 21 BTC?  Were they permanently removed from circulation?  If so, how did the original donors feel about giving $210 to the Winklvii?  Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

Is there a point to your stupid ramblings? 

Ya, I'm about to dump my life savings into Nxt and I want to make sure its legit first by asking all the questions possible. 

By asking about the Winkle twins?  Don't dump your life savings into any crypto coin.  

you're a good man

[swartzfeger]

What happened to the original 21 BTC?  Were they permanently removed from circulation?  If so, how did the original donors feel about giving $210 to the Winklvii?  Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

Is there a point to your stupid ramblings?  

Ya, I'm about to dump my life savings into Nxt and I want to make sure its legit first by asking all the questions possible.  

By asking about the Winkle twins?  Don't dump your life savings into any crypto coin.  

This. It seems you're here with the pretense of exercising due diligence, etc, yet you're dumping your life savings into a crypto?

If you're sincere and not being a troll, you need to read the wiki first: http://nxtcrypto.wikia.com/wiki/Nxt_Wiki

If you *are* a troll, you're still welcome to dump your lifesavings into a crypto with a ton of upside

[LiQio]

Search for Blockchain Shrinking

[hoax]

Bounty announcement

100'000 NXT will be paid for working JavaScript code that signs and verifies signatures using NRS algo.

- The licence must allow to use the code in any application
- Sign/verify speed must be not lower than 100 signatures per second on a 1 GHz CPU (1 core)
- All the code must be in a single non-obfuscated well-formatted .js file
- Input/output values must be strings like "8302504e4e57c6c65335289879c6915a273d3aae7bd086058e403fcd2bc18341"

The bounty is valid till the 20th of January, 2014 12:00:00 UTC. The complete code must be published in this thread.

Here is requirement to post code here, so...

I've changed base math from long10-based(as in Nxt java sources) to more JS-friendly (https://github.com/kosta/confidential-publishing/blob/master/js/curve25519/curve25519.js), have optimized them and now  my implementation enough fast to met "speed requirement", at least at my computer it require less than 10ms for sign/verify.

https://github.com/moadib/nxt_crypto_js

Any feedback would be appreciated.

[Anon136]

No beta [snip]

The Nxt detractors really need to coordinate their talking points --

"It's still in alpha, client is half-baked, it's missing promised features, not listed on major exchange..."

Which is it?

did you see what bitcoin looked when it was 1+ months old?

oh yeah bitcoin is still in beta too.

Don't compare NXT and BTC, Btc is not pre-mining. At least btc is not pre-mining serious.

You can compare eMu, EMu has a client, but beta is testing, and not pre-sale yet.

Neither is NXT seriously.  Sorry you missed the boat buddy.

Hi, I am interested in Nxt and ready to invest some money in it.  But first can you answer this one question for me, what is scarce about Nxt?  With Bitcoin, if someone copies and pastes the source code, its not the same because nobody can just copy and paste the mining network.  Please explain what prevents somebody from copying and pasting the Nxt source to make Nxt1, Nxt2, Nxt3, Nxt4 …. ??

As i understand it, the plan to combat this is to always have one feature closed source. So whenever a new feature is added, the previous closed source feature is made open source and the cycle repeats.

[Anon136]

What happened to the original 21 BTC?  Were they permanently removed from circulation?  If so, how did the original donors feel about giving $210 to the Winklvii?  Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

Is there a point to your stupid ramblings? 

Ya, I'm about to dump my life savings into Nxt and I want to make sure its legit first by asking all the questions possible. 

Do not do that. Seriously no. Go spend at-least half of your savings on something safe. Go buy a big brick of silver and bury it in your back yard. After you do that come back here and spend the other half on a huge gamble like this. Think of nxt like a lottery ticket, where you spend a dollar and have a 90% chance to lose all of your money, but if you win than it will increase way more than 10 times. Its a good lottery ticket that is a good gamble but no one should put their life savings in a lottery ticket, no matter the expected return on investment. You can trust that i have your best interest at heart when i say this because i would stand to benefit from you dumping your life savings in NXT, it would cause the value of my stake to appreciate.

[vintagetrex]

No beta [snip]

The Nxt detractors really need to coordinate their talking points --

"It's still in alpha, client is half-baked, it's missing promised features, not listed on major exchange..."

Which is it?

did you see what bitcoin looked when it was 1+ months old?

oh yeah bitcoin is still in beta too.

Don't compare NXT and BTC, Btc is not pre-mining. At least btc is not pre-mining serious.

You can compare eMu, EMu has a client, but beta is testing, and not pre-sale yet.

Neither is NXT seriously.  Sorry you missed the boat buddy.

Hi, I am interested in Nxt and ready to invest some money in it.  But first can you answer this one question for me, what is scarce about Nxt?  With Bitcoin, if someone copies and pastes the source code, its not the same because nobody can just copy and paste the mining network.  Please explain what prevents somebody from copying and pasting the Nxt source to make Nxt1, Nxt2, Nxt3, Nxt4 …. ??

As i understand it, the plan to combat this is to always have one feature closed source. So whenever a new feature is added, the previous closed source feature is made open source and the cycle repeats.

this is the best explanation I have heard so far.  Thanks for being knowledgeable.  Also thanks for telling me not to dump my life savings although I was just kidding.  

I am particularly interested in the file sharing capabilities of Nxt.  Does anyone know anything about this?

edit: also, where's the best place to buy Nxt?

[swartzfeger]

edit: also, where's the best place to buy Nxt?

http://www.thenxtwiki.org/wiki/Exchanges

If you buy from an individual here, ask someone trusted (like Anon136) to act as an escrow.

[Anon136]

No beta [snip]

The Nxt detractors really need to coordinate their talking points --

"It's still in alpha, client is half-baked, it's missing promised features, not listed on major exchange..."

Which is it?

did you see what bitcoin looked when it was 1+ months old?

oh yeah bitcoin is still in beta too.

Don't compare NXT and BTC, Btc is not pre-mining. At least btc is not pre-mining serious.

You can compare eMu, EMu has a client, but beta is testing, and not pre-sale yet.

Neither is NXT seriously.  Sorry you missed the boat buddy.

Hi, I am interested in Nxt and ready to invest some money in it.  But first can you answer this one question for me, what is scarce about Nxt?  With Bitcoin, if someone copies and pastes the source code, its not the same because nobody can just copy and paste the mining network.  Please explain what prevents somebody from copying and pasting the Nxt source to make Nxt1, Nxt2, Nxt3, Nxt4 …. ??

As i understand it, the plan to combat this is to always have one feature closed source. So whenever a new feature is added, the previous closed source feature is made open source and the cycle repeats.

this is the best explanation I have heard so far.  Thanks for being knowledgeable.  Also thanks for telling me not to dump my life savings although I was just kidding.  

I am particularly interested in the file sharing capabilities of Nxt.  Does anyone know anything about this?

edit: also, where's the best place to buy Nxt?

You are welcome.

File sharing would never be efficient over a blockchain. Blockchains are for arriving at consensus. They are for making sure that everyone is "on the same page". If you want to share files BitTorrent is amazing .

https://bitcointalk.org/index.php?topic=345336

https://bitcointalk.org/index.php?topic=399205

[Come-from-Beyond]

Come-from-Beyond, please
my paper:

BCNext paid a team of core developers to help him with the client and create some functionalities like decentralized exchanges. One member of the core development team Come-from-Beyond was paid by BCNext to work on Nxt from December 2013 till April 2014. Come-from-Beyond is a 34 years old programmer from Belarus. On January 2014 joined Jen-Luc a core team as a non-paid programmer.

May I know how many core developers exist? BCNext paid your team - so how many people are in your "team"?

Klee's guys r supposed to work on the core too. Jean-Luc knows the details.

PS: I work since October (started with client part), also u can add that I live in Minsk, it's the capital of Belarus.

[Come-from-Beyond]

What will prevent me from copying the Nxt source code right now and all Nxt developments, including future developments?

Nothing.

[Come-from-Beyond]

Don't dump your life savings into any crypto coin.  

+1

[Come-from-Beyond]

Bounty announcement

100'000 NXT will be paid for working JavaScript code that signs and verifies signatures using NRS algo.

- The licence must allow to use the code in any application
- Sign/verify speed must be not lower than 100 signatures per second on a 1 GHz CPU (1 core)
- All the code must be in a single non-obfuscated well-formatted .js file
- Input/output values must be strings like "8302504e4e57c6c65335289879c6915a273d3aae7bd086058e403fcd2bc18341"

The bounty is valid till the 20th of January, 2014 12:00:00 UTC. The complete code must be published in this thread.

Here is requirement to post code here, so...

I've changed base math from long10-based(as in Nxt java sources) to more JS-friendly (https://github.com/kosta/confidential-publishing/blob/master/js/curve25519/curve25519.js), have optimized them and now  my implementation enough fast to met "speed requirement", at least at my computer it require less than 10ms for sign/verify.

https://github.com/moadib/nxt_crypto_js

Any feedback would be appreciated.

Will check it in 4 days.