NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

Why should we hurry, let's wait until big stakeholders distribute more coins

http://www.youtube.com/watch?v=N1NupxasQWs













PS: I'm kidding. Asset Exchange will be launched soon.

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[pinarello]

Why should we hurry, let's wait until big stakeholders distribute more coins

http://www.youtube.com/watch?v=N1NupxasQWs













PS: I'm kidding. Asset Exchange will be launched soon.

distribution of coins isnt a problem some dumping going on on some exchanges big fish getting out.

[pinarello]

we were talking about the unclaimed funds: these are some ideas:

https://bitcointalk.org/index.php?topic=345619.msg4579955#msg4579955

https://bitcointalk.org/index.php?topic=345619.msg4580123#msg4580123

https://bitcointalk.org/index.php?topic=345619.msg4580590#msg4580590


Pin

[pinarello]

second discusion was about marcus03 client, coz not open source.

minusbalancer will be open source (minus please elaborate when and how)

nexern is open source.

[allwelder]

can we now focus back on NXT and finaly move on?

release for testing nexerns client 26th is that official?

Pin

Pin，I think it is better to produce the video with the nexern's "official" client  after talked in QQ (like skype)group yesterday .Most of  people just trust the "official" boz of the recent steal event ,although these event are not related with "unofficial".
So we need to wait the release of nexern's client,then make video ,OK?

And I am translating the video from salsacz first and promote them.

[pinarello]

can we now focus back on NXT and finaly move on?

release for testing nexerns client 26th is that official?

Pin

Pin，I think it is better to produce the video with the nexern's "official" client  after talked in QQ (like skype)group yesterday .Most of  people just trust the "official" boz of the recent steal event ,although these event are not related with "unofficial".
So we need to wait the release of nexern's client,then make video ,OK?

And I am translating the video from salsacz first and promote them.

Agreed.

[landomata]

can we now focus back on NXT and finaly move on?

release for testing nexerns client 26th is that official?

Pin

Its been awhile since we last had some update...wish Nexern could provide latest feedback on current status, ETA, etc.

[pinarello]

can we now focus back on NXT and finaly move on?

release for testing nexerns client 26th is that official?

Pin

Pin，I think it is better to produce the video with the nexern's "official" client  after talked in QQ (like skype)group yesterday .Most of  people just trust the "official" boz of the recent steal event ,although these event are not related with "unofficial".
So we need to wait the release of nexern's client,then make video ,OK?

And I am translating the video from salsacz first and promote them.

Agreed.

Allwelder, how will the "Chinese ban" of crypto infect the markets any idea, how will Chinese people react to that?

Pin

[Bitventurer]

Is there anyone who's able to build charts like bitcoinwisdom.com/clarkmoody/btccharts in this thread ? Please PM me

[NxtChg]

Somebody requested a withdrawal to this address:

174948802500

Is it a valid address? It has only one transaction and it's a message:

"Secure Messaging from Anon1 to Vanity1"

So, the owner of this withdrawal request, please PM me and confirm.

[allwelder]

can we now focus back on NXT and finaly move on?

release for testing nexerns client 26th is that official?

Pin

Pin，I think it is better to produce the video with the nexern's "official" client  after talked in QQ (like skype)group yesterday .Most of  people just trust the "official" boz of the recent steal event ,although these event are not related with "unofficial".
So we need to wait the release of nexern's client,then make video ,OK?

And I am translating the video from salsacz first and promote them.

Agreed.

Allwelder, how will the "Chinese ban" of crypto infect the markets any idea, how will Chinese people react to that?

Pin

yes .
More and more people around me push into this new cryptocurrencies market before the ban,including my friends. And many of them just to make more money without care what the crypto is .
And now,many of them withdraw money from the exchange platform after the ban,because China has take serious action to regulate this new virtual things.

But some of them are still keen on this revolutionary economy activity including me.

The attitude of China government now is waiting and see,and I will pay attention to the policy.If any news released,I will post here.

And I heard(unofficial)  that China may take more  severe action to regulate these exchange platform before the China spring festival(2014 Feb).

So I hope the Decentralized exchange feature of Nxt come ture ASAP.

[swartzfeger]

Is there anyone who's able to build charts like bitcoinwisdom.com/clarkmoody/btccharts in this thread ? Please PM me

I'll PM you, but for Salsacz, Utopian (or anyone else), et al. -- hit me up for any Japanese candlestick action you may need.

[pinarello]

can we now focus back on NXT and finaly move on?

release for testing nexerns client 26th is that official?

Pin

Pin，I think it is better to produce the video with the nexern's "official" client  after talked in QQ (like skype)group yesterday .Most of  people just trust the "official" boz of the recent steal event ,although these event are not related with "unofficial".
So we need to wait the release of nexern's client,then make video ,OK?

And I am translating the video from salsacz first and promote them.

Agreed.

Allwelder, how will the "Chinese ban" of crypto infect the markets any idea, how will Chinese people react to that?

Pin

yes .
More and more people around me push into this new cryptocurrencies market before the ban,including my friends. And many of them just to make more money without care what the crypto is .
And now,many of them withdraw money from the exchange platform after the ban,because China has take serious action to regulate this new virtual things.

But some of them are still keen on this revolutionary economy activity including me.

The attitude of China government now is waiting and see,and I will pay attention to the policy.If any news released,I will post here.

And I heard(unofficial)  that China may take more  severe action to regulate these exchange platform before the China spring festival(2014 Feb).

So I hope the Decentralized exchange feature of Nxt come ture ASAP.

Thank you very much allwelder !

for sure this is a card we have to play for Chinese market!

[2Kool4Skewl]

can we now focus back on NXT and finaly move on?

release for testing nexerns client 26th is that official?

Pin

Pin，I think it is better to produce the video with the nexern's "official" client  after talked in QQ (like skype)group yesterday .Most of  people just trust the "official" boz of the recent steal event ,although these event are not related with "unofficial".
So we need to wait the release of nexern's client,then make video ,OK?

And I am translating the video from salsacz first and promote them.

Agreed.

Allwelder, how will the "Chinese ban" of crypto infect the markets any idea, how will Chinese people react to that?

Pin

yes .
More and more people around me push into this new cryptocurrencies market before the ban,including my friends. And many of them just to make more money without care what the crypto is .
And now,many of them withdraw money from the exchange platform after the ban,because China has take serious action to regulate this new virtual things.

But some of them are still keen on this revolutionary economy activity including me.

The attitude of China government now is waiting and see,and I will pay attention to the policy.If any news released,I will post here.

And I heard(unofficial)  that China may take more  severe action to regulate these exchange platform before the China spring festival(2014 Feb).

So I hope the Decentralized exchange feature of Nxt come ture ASAP.

The decentralized marketplace will allow people in China to purchase goods with Nxt and other assets listed on the Nxt network.  There won't be a need to convert your cryptocurrency into Reminbi.

[bitcoinpaul]

WARNING: DO NOT USE VANITYGEN

pump.

[luckygenough56]

lacking simplicity

[bitcoinpaul]

I know you will think this is too early for this but I don't want we fail in the same point bitcoin did.

In the real world people like to use high amounts, and never less than cents. Currently with bitcoin sitting nearly @ $1,000/each this is stopping people from buying them. You look so miserable when you spend $50 and you get 0.05 bitcoin. The higher the price will go, the higher this will stop people from buying it.
And to be honest, milibitcoin won't be a good solution. People wants to hold at least 1 bitcoin, now it feels too expensive.
Also is a pain in the ass to read/send 0.00145 for example.

The better way would be to do a split, like in the stock market. For example at every $1,000 we move the comma 3 places. So, now we total coins is 21,000 million and all the people would have x1,000 , so new people can happily buy 50 bitcoins with $50 dollars.


Will be possible in NxT to easily do the split? IMO this will be mandatory in the future.

If one Nxt is ever worth a thousand dollars (trillion dollar market cap) then you might want to just sell and stop worrying about the future at that point.

Is the ability to use fractions of 1 NXT not enough?
Btw, is a smaller fraction (< 0.01) possible?

[instacalm]

Apologies to author of vanitygen, this is all conjecture on my part and I do not know if the previous unsolved theft had anything to do with vanitygen.

Author of the Vanitygen is Jean-Luc.

WARNING: For a given secret prefix, the passwords this program generates
are always the same. Therefore, using a strong secret prefix is crucial.
Anyone who can guess your secret prefix can use this program to also
discover your password. You have been warned.

Unless you have a clue what the secret prefix of a particular account would be, it is extremely unlikely to find the password of a specific account.

[bitcoinpaul]

Now something serious. With all this NxT getting lost, we should focus in security.

We need some kind of system like:

Offline wallet with coins --> Gives permission to forge to ---> Copy of wallet but "only watch"
So you have the same wallet and you can forge.

Exactly the same like Armory offline wallets for bitcoin with the extra of forging.


Also 1 password for opening account and another 1 password for sending could work for the short term.


I read that devs were working in something like this. Any update?

With Account Control, we have the solution. I hope it will get implemented very soon. CfB, ETA?

[bitcoinpaul]

1 account, 10 million.

9 anonymous people are chosen.

3 get the first part of the password.
3 get the second part of the password.
3 get the last part of the password.

So to send money, we just need to contact 1 of every group.  This needs to be a diverse group so that no one can figure out other people that might be in the group of chosen ones.

Make a script that allows input of the password parts and then executes it.

Or better yet, use some sort of screen sharing where each person then enters their password phrase. Everyone can view at the same time.

I like wesleys's idea much more than the idea of having 10 separate account controlled completely by 10 people. To summarize,  I going to put forward this proposal:

1. BCNext create a completely secure account holding 10 million fund

2. BCNext choose 9 trusted password holders who pledge 1. to never reveal the password or his names; 2. to follow the rules of funding; 3 to act expediently when the his password is required

3. Following wesleyh's proposal  

3 get the first part of the password.
3 get the second part of the password.
3 get the last part of the password.

4. The funding for a new project would follow my concept  of "open bounty" outlined here

Anyone can step up and present his/ her idea, propose a bounty and let the community decides. So we continue the tradition of asking for bounties in a decentralized fashion as we have been already doing in nextcoin and nxtcrypto forums so far. But now funding would be a bit easier to come by since we have common pool in addition to private donors's fund.

This will work easier when we have the voting system in place. A person presents his/ her idea, propose a bounty and action plan, and set up a vote. Community can ask questions in the meantime and when the voting is over, the project will be funded if the vote passes the majority. A democratic and decentralized method of funding projects.

We can even implement this type of "open bounty" even when the voting system is not yet in place. In fact, we actually did it one time already with the case of Maco's android app as the overwhelming majority refused to fund his 500K NXT request for his app. So we actually had a precedent in place already. Let's continue the funding process in this type of decentralized fashion instead of giving one person/ or group the authority of giving out the funds.

5. When a project get funding, a time will be set so that the pass holders can coordinate and send the necessary fund to the project with funding. Make a script that allows input of the password parts and then executes it.

6. A guideline could be as follow (credit nxtberry)

I would also like to see an efficient donation/reward/funding program approx like this:
* 10 NXT donation to new nxters for basic testing
* 100 NXT reward for minor NXT promotion
* 1000 NXT graphics, branding, major promotion etc.
* 10000 NXT minor development, larger graphics work, applets, wide media promotion etc.
* 100000 NXT larger development / significant projects funding, milestone events

That's the proposal to deal with all the funding issue and all the unclaimed coins. Please support this proposal and end this debate in consensus. Please suggest modification as needed.    

Could someone talk about the details how this should work, please? How to securely do this without the risk of someone getting all 3 password pieces?