NXT :: descendant of Bitcoin - Updated Information

[landomata]

Client is really a con right now. I already imagine chinaman downloading the client via the link on BTER. He will unzip and wtf, that doesn't work right out of the package, what is dis crap  

Why aren't third party clients posted on the main page of http://nxtcrypto.org yet? These were funded, so why not promote them?

Also, ideally we need an entire translation of the nxtcrypto.org site in chinese with a simple button at the top to change language.

TOP PRIORITY!!

[nexern]

1) News Aggregation
2) AdWords
3) Domain Names
4) Patents, Copyright and next generation Intellectual Property
5) Insurance
6) Courts, Escrow, and Arbitration
7) Authenticated Anonymous Voting
Prediction Markets
9) Next Generation Search Engines

this + DNA + distributed computation protocoll + 3 month -> nxt gateway to the global finance market -> strike

(building DNAs in c/c++ is dangerous, you can't sandboxing this. at least with a granularity nessesary.
interpreted, prototype and self reflectional languages are much better for this, they are also widely used
within academic ai research and there are several good reason for this.)

ps: perhaps DNAs could find some pattern in strange stuff like this -> http://87.230.14.1/download/0003.png or this http://87.230.14.1/download/0002.png
at least it would be fun to shift possibilities some percentages into the right direction.

[jl777]

The more the Chinese buy NXT now the more they can trade with NXT assets on the distributed exchange when the restrictions on their exchanges come in at the end of the month.

my thoughts exactly

we need a CNY/NXT GATEWAY!...preferably based in Hong Kong

rippleCN and ripplechina are CNY gateways into ripple
ripple also has NXT gateway, so we already have CNY/NXT gateway.
Not a simple click click process, but at least it is possible

[Alias]

Clearly there is a significant pent up demand for NXT.

bter is a nice exchange, but they are a low volume exchange. A small fraction compared to the major Chinese exchanges.

China has the top 6 BTC exchanges and all are usually more active than bitstamp or btc-e. Something like 90% of BTC trading happens in China. Look at http://www.btc123.com/ if you don't believe me.

I doubt everyone who wants to purchase NXT has done so. On the other hand, the last two weeks has probably allowed pretty much everyone that wanted to sell their NXT at yesterday's prices to have done so.

James

The more the Chinese buy NXT now the more they can trade with NXT assets on the distributed exchange when the restrictions on their exchanges come in at the end of the month.

Looking at the bter trades, it looked like there were a small number of traders that REALLY wanted to buy NXT. The orderbooks at dgex, nxtchg and even ripple were all wiped out (in a good way). This took a bit of time to coordinate and wasn't a spur of the moment impulse buy.

This also means that we can now provide a much easier path to purchasing NXT than before, for ordinary people, especially in China. The big action is in NXT/CNY, current exchange rate is 6.05 CNY/USD and it is pretty stable at that rate. Current price is around .36 CNY -> ~6 cents. The big jump was from the initial mismatch of supply vs demand.

Anyway, now that we have our first NXT/fiat path and reasonably liquid NXT/BTC, we can see what a more accurate current market value for NXT is.

James

Indeed, there have been many people watching NXT who wouldn't touch it until there was improved liquidity. It's still not great of course. But Bter have set a precedent and it is only a matter of time before other exchanges pick up on this. I have asked Graviton to remove his artificial order restrictions on DGEX: "Error - The order pricing limits are +/-30% per 1 hour".

By the way did you read my explanation of the reserveBTC DAC? nexern is knowledgeable of and interested in DACs and now DNAs (he coined this term for Decentralized NXT Agents) and we are in discussions about implementing DACs which can serve as credit unions and issuers of assets. DACs could be built as apps (purchased from an app store or package manager) which interface with his or other clients. Very powerful stuff.

Credit union is a good model. Non-profit model, fees just to cover costs. I have not analyzed DAC in detail, but if you say it will work, that's good enough for me.

James

I would encourage you to research DACs. You would be good at developing the ideas and utilities and functions that are evoked by them. The technical aspect doesn't matter so much. Just imagine a DAC as a corporation which has no motives other than it's pre-defined purpose. I.e. it has no profit motive by default. And it makes only rational logical decisions. DACs are effectively public utilities. Most of them are looked at from an economic perspective but we can look at them from a socio-economic perspective within NXT.

all we need really is a subordinate chain where users can embed c++ code and bid for space in the chain with nxt as well as bid with nxt for a forger to execute the code and record the product in a future block. each DAC would have its own chain like this. providing the tools is the easy part, using these tools to make a profitable dac is the hard part.

*edit* infact this could be totally separate from the nxt project. who ever made this tool wouldnt need anyones permission from the nxt project to do so and infact there is no way any of us could even stop them if they wanted to.

Indeed, just like nobody can really stop Mastercoin from piggybacking Bitcoin.

Does it need to be able to execute arbitrary general purpose programming code (c++ in your example)? Realistically aren't there only a number of core functions that a DAC or DNA would need to perform. We don't need to go all Turing Complete like Ethereum.

What URLs are best to get useful details so I can help implement some DACs. It does sound really powerful. Currently, society pays an enormous amount for almost any company to provide trusted services, eg. banks, insurance, etc. When all they do is pretty simply math.

Is there a way to be able to test a DAC? I like to develop things interactively and learn best from trial and error.

James

Try reading these:

https://bitcointalk.org/index.php?topic=374912.0
http://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics/
http://letstalkbitcoin.com/dacs-that-spawn-dacs/
http://letstalkbitcoin.com/dac-revisited/

And listen to this (2nd half) - http://letstalkbitcoin.com/e64-millibits-and-mastercoin/

Edit: For a crude test you could ignore the trustless/decentralised nature of a DAC and simply execute a standalone piece of code on 2 or more NXTers computers (i.e. they are already running the NXT client/daemon) which performs some action (like interrogates their balance for example) and get it to message back to your node/instance of the app (and every other node). The messaging could be internal or external to the NXT system. So this simple/pointless app lets everyone in that community (2 or 3 NXTers or however many) know the balance of each others accounts.

[klee]

http://weibo.com/btc38   announced that they will launch a new cryptocurrency tomorrow 15:30 15:00 (UTC+8), but we don't know which one they will launch.

BTW, I do suggest not send Nxt to those exchanges. The exchange is just a free market and anyone can take party in. We the community can provide technique support if asked. I think there is no paid work for some exchange to p&d. I believe Nxt need to get its success by its innovation.

Edit: BTC38 will open deposit at 14:30.

http://www.btc38.com/altcoin/altgeneral/663.html

Is this where you found it?
What does this article say? Anyone?

[newsilike]

The more the Chinese buy NXT now the more they can trade with NXT assets on the distributed exchange when the restrictions on their exchanges come in at the end of the month.

my thoughts exactly

we need a CNY/NXT GATEWAY!...preferably based in Hong Kong

rippleCN and ripplechina are CNY gateways into ripple
ripple also has NXT gateway, so we already have CNY/NXT gateway.
Not a simple click click process, but at least it is possible

It's really amazing how many gateways in general crypto currencies make possible

[landomata]

The more the Chinese buy NXT now the more they can trade with NXT assets on the distributed exchange when the restrictions on their exchanges come in at the end of the month.

my thoughts exactly

we need a CNY/NXT GATEWAY!...preferably based in Hong Kong

rippleCN and ripplechina are CNY gateways into ripple
ripple also has NXT gateway, so we already have CNY/NXT gateway.
Not a simple click click process, but at least it is possible

can they accept fiat for crypto in 3 weeks inside CHINA?

[dzarmush]

Where there any accounts yet hacked at dgex.com?
How save is this site?
Because there are lying all nxt from a friend, and he asked me.

he has a 20 number passwort like these for example

j3K4k2k8f56hj2386k36hjkkj

I have the same problem, but it looks like glitch because account history is also empty.


Also there are always some money left after withdrawal. Like 0.0000016 Btc

[brooklynbtc]

NXT added to Bter exchange, Trading NXT/BTC and NXT/CNY

http://nxtnews.co/?p=19

[jdebunt]

Finally got around to installing the NXT client

If anyone wants to help a newbie, donations welcome to 10584703882138320523

Now i'll spend all weekend figuring out the technical aspects, but the wiki pages & videos are very helpful so far

[Anon136]

(building DNAs in c/c++ is dangerous, you can't sandboxing this. at least with a granularity nessesary.
interpreted, prototype and self reflectional languages are much better for this, they are also widely used
within academic ai research and there are several good reason for this.)

i suppose this was written for me, and i suppose this means that you did see my comment. so you are talking about something like lisp? i only suggested c++ because it has a lot of flexibility but is also widely known. not very many people know lisp. but if your argument is right than i suppose they could just learn if they wanted to write a contract that would found a DAC.

[ifightformerkel]

Where there any accounts yet hacked at dgex.com?
How save is this site?
Because there are lying all nxt from a friend, and he asked me.

he has a 20 number passwort like these for example

j3K4k2k8f56hj2386k36hjkkj

I have the same problem, but it looks like glitch because account history is also empty.


Also there are always some money left after withdrawal. Like 0.0000016 Btc

how was your password?
a name or random numbers and letters?

[jl777]

http://weibo.com/btc38   announced that they will launch a new cryptocurrency tomorrow 15:30 15:00 (UTC+8), but we don't know which one they will launch.

BTW, I do suggest not send Nxt to those exchanges. The exchange is just a free market and anyone can take party in. We the community can provide technique support if asked. I think there is no paid work for some exchange to p&d. I believe Nxt need to get its success by its innovation.

Edit: BTC38 will open deposit at 14:30.

http://www.btc38.com/altcoin/altgeneral/663.html

Is this where you found it?
What does this article say? Anyone?

Google:

****
Funny incident: two coins of the same name burst oolong, white entrap disk access Xia 2014-01-18 21:19:43 Views: 48730    Keywords: Event namesake Oolong
Today, the line for a famous cottage currency trading platform of the new currency NextCoin, and put its name in Chinese is called "future currency." Unexpectedly, in addition to the NXT currency called the future, there is the English name FutureCoin future currency, and has a domestic line on the new platform. Said to the children to see a bit after the "future money", a big wave white flock this platform, called FUC buying from this future currency, the price quickly pulled from 0.05 0.48 soared nearly tenfold . Write this article in a small time, there are people on the platform hung pay 2 hair to buy. I do not know these pending users to grab day wins Man fearless disk access, or really romantic hidden from celebrities Tyrant. Xiao Bian continues onlookers this event.
****

[marcus03]

Client is really a con right now. I already imagine chinaman downloading the client via the link on BTER. He will unzip and wtf, that doesn't work right out of the package, what is dis crap  

Why aren't third party clients posted on the main page of http://nxtcrypto.org yet? These were funded, so why not promote them?

Also, ideally we need an entire translation of the nxtcrypto.org site in chinese with a simple button at the top to change language.

TOP PRIORITY!!

Include information that some (all?) alternative clients still need NRS. Will do so, too, on the NXT Solaris page. I missed that...

[jl777]

The more the Chinese buy NXT now the more they can trade with NXT assets on the distributed exchange when the restrictions on their exchanges come in at the end of the month.

my thoughts exactly

we need a CNY/NXT GATEWAY!...preferably based in Hong Kong

rippleCN and ripplechina are CNY gateways into ripple
ripple also has NXT gateway, so we already have CNY/NXT gateway.
Not a simple click click process, but at least it is possible

can they accept fiat for crypto in 3 weeks inside CHINA?

Yes. Last I heard depositing CNY is pretty fast, I think same day. The whole many day (weeks) delay in the western world is due to the unofficial war on bitcoin.

James

[landomata]

http://weibo.com/btc38   announced that they will launch a new cryptocurrency tomorrow 15:30 15:00 (UTC+8), but we don't know which one they will launch.

BTW, I do suggest not send Nxt to those exchanges. The exchange is just a free market and anyone can take party in. We the community can provide technique support if asked. I think there is no paid work for some exchange to p&d. I believe Nxt need to get its success by its innovation.

Edit: BTC38 will open deposit at 14:30.

http://www.btc38.com/altcoin/altgeneral/663.html

Is this where you found it?
What does this article say? Anyone?

Google:

****
Funny incident: two coins of the same name burst oolong, white entrap disk access Xia 2014-01-18 21:19:43 Views: 48730    Keywords: Event namesake Oolong
Today, the line for a famous cottage currency trading platform of the new currency NextCoin, and put its name in Chinese is called "future currency." Unexpectedly, in addition to the NXT currency called the future, there is the English name FutureCoin future currency, and has a domestic line on the new platform. Said to the children to see a bit after the "future money", a big wave white flock this platform, called FUC buying from this future currency, the price quickly pulled from 0.05 0.48 soared nearly tenfold . Write this article in a small time, there are people on the platform hung pay 2 hair to buy. I do not know these pending users to grab day wins Man fearless disk access, or really romantic hidden from celebrities Tyrant. Xiao Bian continues onlookers this event.
****

If Nxt is actually called Future Currency in Chinese then that would be a good omen

[landomata]

The more the Chinese buy NXT now the more they can trade with NXT assets on the distributed exchange when the restrictions on their exchanges come in at the end of the month.

my thoughts exactly

we need a CNY/NXT GATEWAY!...preferably based in Hong Kong

rippleCN and ripplechina are CNY gateways into ripple
ripple also has NXT gateway, so we already have CNY/NXT gateway.
Not a simple click click process, but at least it is possible

can they accept fiat for crypto in 3 weeks inside CHINA?

Yes. Last I heard depositing CNY is pretty fast, I think same day. The whole many day (weeks) delay in the western world is due to the unofficial war on bitcoin.

James

but what will happen after Chinese New Year when the ban comes into effect?

[jdebunt]

http://www.cryptoarticles.com/crypto-news/2014/1/18/nxt-added-to-bter-trading-against-btc-cny

Big things happening fast now for NXT, great stuff

[Alias]

1) News Aggregation
2) AdWords
3) Domain Names
4) Patents, Copyright and next generation Intellectual Property
5) Insurance
6) Courts, Escrow, and Arbitration
7) Authenticated Anonymous Voting
Prediction Markets
9) Next Generation Search Engines

this + DNA + distributed computation protocoll + 3 month -> nxt gateway to the global finance market -> strike

(building DNAs in c/c++ is dangerous, you can't sandboxing this. at least with a granularity necessary.
interpreted, prototype and self reflectional languages are much better for this, they are also widely used
within academic ai research and there are several good reason for this.)

ps: perhaps DNAs could find some pattern in strange stuff like this -> http://87.230.14.1/download/0003.png or this http://87.230.14.1/download/0002.png
at least it would be fun to shift possibilities some percentages into the right direction.

By "strike" do you mean "technological unemployment"? That's what I see. Like this - http://www.youtube.com/watch?v=0SuGRgdJA_c

Those patterns look like Cellular Automate. Perhaps a DNA could generate it's own income producing academic research outputs based on the NXT system. It already covers a vast amount of fields - economics, sociology, cybernetics, artificial intelligence, chaos theory etc.

Couldn't you sandbox the c/c++ by executing it on a virtual/emulated computer spread across the network? It would certainly be a lot slower.

[Anon136]

Does it need to be able to execute arbitrary general purpose programming code (c++ in your example)? Realistically aren't there only a number of core functions that a DAC or DNA would need to perform. We don't need to go all Turing Complete like Ethereum.

Yes it definitely would need to be able to execute arbitrary general purpose code. DACs would need to be able to compete with real humans making management decisions for their corporations. They never really would be able to but there inferiority in this respect would be countered by the fact that they would be immune to state coercion. Still even with the assistance of state immunity they would need every conceivable asset in their favor for them to stand a chance against human management. The blockchain would definitely need to be turing complete to stand a chance. We really need to be looking at filling the niche that eTherium is trying to capitalize on. We can and should do it better.

*edit* we can and should do it better on totally separate block chains so people who want to just use nxt dont risk downloading malware