NXT :: descendant of Bitcoin - Updated Information

[jl777]

Does anybody know what time the strange fractional orders on dgex got cleared last night? For a few hours bter was trading 50% above dgex. That is clearly unsustainable and my guess is that the bter market got arbitraged down to the dgex price. Since the dgex price seemed to be stuck, this means the downward move from .00016 was not due to big seller, but arbitrage, or perceived arbitrage. The NXT/CNY value peaked at .85 and dropped to match the dgex price.

It seems the dgex price is unstuck now and this bounce at .00016 is the second time, regardless of the reason. It is not uncommon for a price to bounce three times before breaking out. I think it is good that it has come back down a bit as the rise was too extreme. Gather some support at .0001 and gradually get back to .00016, bounce back a bit and then finally breakthrough. That would be a sustainable pattern that would then turn .00016 from a price ceiling (resistance) to price floor (support).

Of course, this is crypto, so anything can happen, but I think there is a significant amount of fast money parked in NXT right now, so it could follow more standard technical patterns

James

[ferment]

I don't think there is an api call to filter AM's where recipient = X and sender = Y, right? (this should be added)..

Just call getAccountTransactionIDs for the account then loop and find the first one where recipient == avatar_account.

Erm what's the processing time for every thousand transactions... sounds a bit like avatar mining

It's fast particularly if you cache and use timestamp.

Or, a service provider could certainly maintain an http accessible cache. If you're not into the decentralized thang.

[msin]

@ NRS crypto algo bounty contestants:

Please, confirm that I should use the following files:

https://github.com/moadib/nxt_crypto_js/blob/master/crypto.js

https://github.com/gimer/curve25519nxt/blob/master/curve.js

https://github.com/Jaguar0625/JavaScriptNrs/blob/master/crypto_browser.js

https://github.com/BloodyRookie/nxtCrypto/blob/master/nxtCrypto.js

I will use only these files without the others from GIT repository.

Guys, u were talking about splitting the bounty to 4 parts. Did u come to a decision? If u r agree to split the bounty then I won't spend time on speedtests.

Well I wouldn't mind. We all spend a lot of time coding. I guess hoax and gimre don't mind too, but I haven't heard Jaguar's opinion yet.

Ok, let's wait for Jaguar.

He's busy with NEM.  Question for CFB; Is a Reputation System being developed by JLC or You? (or plans to develop)  I was going to offer a bounty for a working version, implemented using public AM.  

[jl777]

@ NRS crypto algo bounty contestants:

Please, confirm that I should use the following files:

https://github.com/moadib/nxt_crypto_js/blob/master/crypto.js

https://github.com/gimer/curve25519nxt/blob/master/curve.js

https://github.com/Jaguar0625/JavaScriptNrs/blob/master/crypto_browser.js

https://github.com/BloodyRookie/nxtCrypto/blob/master/nxtCrypto.js

I will use only these files without the others from GIT repository.

Guys, u were talking about splitting the bounty to 4 parts. Did u come to a decision? If u r agree to split the bounty then I won't spend time on speedtests.

Well I wouldn't mind. We all spend a lot of time coding. I guess hoax and gimre don't mind too, but I haven't heard Jaguar's opinion yet.

Ok, let's wait for Jaguar.

How much work is it to benchmark all 4 on the same platform? I would like to know the TPS and I think it makes sense for there to be published performance and also test results. Since it is JS, doesn't that mean it is browser specific? Do all four run on all popular browsers?

James

[BitcoinForumator]

Does anybody know what time the strange fractional orders on dgex got cleared last night? For a few hours bter was trading 50% above dgex. That is clearly unsustainable and my guess is that the bter market got arbitraged down to the dgex price. Since the dgex price seemed to be stuck, this means the downward move from .00016 was not due to big seller, but arbitrage, or perceived arbitrage. The NXT/CNY value peaked at .85 and dropped to match the dgex price.

It seems the dgex price is unstuck now and this bounce at .00016 is the second time, regardless of the reason. It is not uncommon for a price to bounce three times before breaking out. I think it is good that it has come back down a bit as the rise was too extreme. Gather some support at .0001 and gradually get back to .00016, bounce back a bit and then finally breakthrough. That would be a sustainable pattern that would then turn .00016 from a price ceiling (resistance) to price floor (support).

Of course, this is crypto, so anything can happen, but I think there is a significant amount of fast money parked in NXT right now, so it could follow more standard technical patterns

James

I enjoy reading your analysis.

Oh and btw...Frictionless has another project going on:

http://cryptosource.org/ixcoin-a-very-old-bitcoin-clone-ready-to-skyrocket/

He's trying to dethrone Bitcoin, Mastercoin and now NXT.

Will he succeed? Stay tuned...

[Come-from-Beyond]

He's busy with NEM.  Question for CFB; Is a Reputation System being developed by JLC or You? (or plans to develop)  I was going to offer a bounty for a working version, implemented using public AM.  

Reputation System is not going to be implemented in foreseeable future.

[chanc3r]

Yes, this would be the solution - if that alias of account number was locked and only the account itself can own it, then we can do this. If it is squattable, then it isn't possible to do.

CFB, what are your thoughts?

Squatting is allowed. Let's find another way.

Of course it is - squatting is one of the value's of aliases... So lets not call it an alias (even if that might be its implementation)

you have previously proposed locking 10 accounts in a special way for a specific reason..

So why not give all accounts a single new attribute which would support client/app/service development?

Alias might be the basis of its implementation but you could call it what you like.

[msin]

He's busy with NEM.  Question for CFB; Is a Reputation System being developed by JLC or You? (or plans to develop)  I was going to offer a bounty for a working version, implemented using public AM.  

Reputation System is not going to be implemented in foreseeable future.

Thank you.

[Come-from-Beyond]

How much work is it to benchmark all 4 on the same platform? I would like to know the TPS and I think it makes sense for there to be published performance and also test results. Since it is JS, doesn't that mean it is browser specific? Do all four run on all popular browsers?

James

I tested only signing in Chrome.

[wesleyh]

Yes, this would be the solution - if that alias of account number was locked and only the account itself can own it, then we can do this. If it is squattable, then it isn't possible to do.

CFB, what are your thoughts?

Squatting is allowed. Let's find another way.

Of course it is - squatting is one of the value's of aliases... So lets not call it an alias (even if that might be its implementation)

you have previously proposed locking 10 accounts in a special way for a specific reason..

So why not give all accounts a single new attribute which would support client/app/service development?

Alias might be the basis of its implementation but you could call it what you like.

+1  -- just use a special format of alias, like suggested @ followed by account ID.

It is my understanding that @ is not allowed at the moment, so the code could be changed so that only the account itself can create @ACCOUNT_ID.

[Mistafreeze]

Yes, this would be the solution - if that alias of account number was locked and only the account itself can own it, then we can do this. If it is squattable, then it isn't possible to do.

CFB, what are your thoughts?

Squatting is allowed. Let's find another way.

Of course it is - squatting is one of the value's of aliases... So lets not call it an alias (even if that might be its implementation)

you have previously proposed locking 10 accounts in a special way for a specific reason..

So why not give all accounts a single new attribute which would support client/app/service development?

Alias might be the basis of its implementation but you could call it what you like.

+2

[NxtChg]

Just some stats: here's how my 9000 unique IPs so far are distributed:

[jl777]

How much work is it to benchmark all 4 on the same platform? I would like to know the TPS and I think it makes sense for there to be published performance and also test results. Since it is JS, doesn't that mean it is browser specific? Do all four run on all popular browsers?

James

I tested only signing in Chrome.

If these four will be reference implementations recommended for other developers to use, I think it would make sense for someone to spend the effort to benchmark and test on various browsers. All four implementations appear to be done in different ways, which means different performance and also potentially different compatibility.

Would be bad PR if any of the reference code has significant compatibility issues. Maybe someone can offer a small bounty for this? I am about to go on the road again, so I won't be able to test this, but I am sure there are people eager to earn a bit of NXT.

I don't even know how one would test this, so maybe someone that does could post testing instructions?

James

[Come-from-Beyond]

If these four will be reference implementations recommended for other developers to use, I think it would make sense for someone to spend the effort to benchmark and test on various browsers. All four implementations appear to be done in different ways, which means different performance and also potentially different compatibility.

Would be bad PR if any of the reference code has significant compatibility issues. Maybe someone can offer a small bounty for this? I am about to go on the road again, so I won't be able to test this, but I am sure there are people eager to earn a bit of NXT.

I don't even know how one would test this, so maybe someone that does could post testing instructions?

James

The other developers should do this work by themselves.

[rriky92]

Why Only 1000 bytes for arbitrary message?

[ferment]

Good promotion by a twitter day trader: https://twitter.com/ActualAdviceBTC/status/425678532639858688

throwing some #doge winnings into #NXT... not many exchanges for it yet tho http://www.cryptocoincharts.info/#jump-nxt-btc  I guess btc is flat enough to play alts

[Come-from-Beyond]

Why Only 1000 bytes for arbitrary message?

An arbitrary number was taken.

[jl777]

Good promotion by a twitter day trader: https://twitter.com/ActualAdviceBTC/status/425678532639858688

throwing some #doge winnings into #NXT... not many exchanges for it yet tho http://www.cryptocoincharts.info/#jump-nxt-btc  I guess btc is flat enough to play alts

around 50 DOGE for NXT seems to be the current value. As the two markets start to diverge, it would be possible to play the variance around this ratio, eg. sell DOGE for NXT at <40, buy back at >60

If that really works, it would be a significant gain each round turn. The danger of course is the DOGE can go totally out of control and so can NXT. Trade only what you don't mind holding for a long time.

James

[rriky92]

Why Only 1000 bytes for arbitrary message?

An arbitrary number was taken.

But how can someone send a file? I can only split but with a 2 MB files became impossible

[TwinWinNerD]

http://finance.yahoo.com/echarts?s=NXT.L+Interactive#symbol=nxt.l;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

we should sue them for using OUR NXT