NXT :: descendant of Bitcoin - Updated Information

[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.

[mcjavar]

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

But it could be used for the .torrent files, which would bridge the networks in a sense. The messaging feature could be useful in this sense as well.

Maybe someone could integrate bittorrent functionality into their client then we'd have a truly decentralized torrenting system  

I am offering 10k Nxt as a bounty for this.

[pandaisftw]

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

But it could be used for the .torrent files, which would bridge the networks in a sense. The messaging feature could be useful in this sense as well.

Maybe someone could integrate bittorrent functionality into their client then we'd have a truly decentralized torrenting system  

I am offering 10k Nxt as a bounty for this.

This could actually be a good idea. Although it seems like this is something a service provider should do on a parallel chain to prevent bloat.

[Come-from-Beyond]

I am offering 10k Nxt as a bounty for this.

This can be easily done with Alias System as a magnet link.

[Anon136]

I am offering 10k Nxt as a bounty for this.

This can be easily done with Alias System as a magnet link.

that was a fast 10k you just made there cfb

[Come-from-Beyond]

that was a fast 10k you just made there cfb

He meant Arbitrary Messages.

[mcjavar]

I am offering 10k Nxt as a bounty for this.

This can be easily done with Alias System as a magnet link.

So the "uploader" has to pay for it (registering alias).

We could create a webpage where a .torrent file can be uploaded. An alias is being registered with the magnet link.
Users get 10 Nxt (or whatever number) for registering, so they can try it, and upload a few files for free. Then they could purchase additional packages of Nxt. Anyone interested in this project? I am not a good develoepr, but can make a homepage, do the marketing and sales stuff.

[mcjavar]

that was a fast 10k you just made there cfb

He meant Arbitrary Messages.

I meant the implementation, not just the idea

[swartzfeger]

I am offering 10k Nxt as a bounty for this.

This can be easily done with Alias System as a magnet link.

So the "uploader" has to pay for it (registering alias).

We could create a webpage where a .torrent file can be uploaded. An alias is being registered with the magnet link.
Users get 10 Nxt (or whatever number) for registering, so they can try it, and upload a few files for free. Then they could purchase additional packages of Nxt. Anyone interested in this project? I am not a good develoepr, but can make a homepage, do the marketing and sales stuff.

You've been PM'd

[Come-from-Beyond]

Isn't a planned feature to allow data storage in the blockchain?

Data storage will be provided by Service Providers. Only index data will be stored in the blockchain.

[LiQio]

...
Is there a better reason to use magnet links over .torrent for this purpose and can they both do away with the need for servers in the torrent system?

magnet links are more general, can link to torrent can link to other stuff (files)
interesting read: http://lifehacker.com/5875899/what-are-magnet-links-and-how-do-i-use-them-to-download-torrents

[mcjavar]

...
Is there a better reason to use magnet links over .torrent for this purpose and can they both do away with the need for servers in the torrent system?

magnet links are more general, can link to torrent can link to other stuff (files)
interesting read: http://lifehacker.com/5875899/what-are-magnet-links-and-how-do-i-use-them-to-download-torrents

Actually if you use a magnet link, there is no need for an alias. This would be only important if you wanted to integrate it into the client as if you are having a homapge for torrents, you just can set up a magnet link to the torrent itself, instead of the alias which is then having the magnet link. Am I correct?

[notsoshifty]

Is there a convention/rule for broadcasting AMs, or generally marking them as available to all accounts? E.g. send to self, send to genesis account, send to account '0'?

[Forobitcoins]

Someone asked me about Cryptsy. They did contact me a hour ago. I already sent all info they asked for.

would be great

[Coinonaer]

Someone asked me about Cryptsy. They did contact me a hour ago. I already sent all info they asked for.

would be great

Yeah, but it was Vircurex, not Cryptsy. But anyway, even Vircurex would be a huge progress! Keep on going CFB!