NXT :: descendant of Bitcoin - Updated Information

[rickyjames]

How much longer is discussion about 5 separate topics going to occur in one thread? Am I the only one who thinks this is an ineffective way of communicating?

Probably forever.  I like it.  This place is like a noisy and boisterous pub full of interesting people, a fun place to be.

 

+1.  Absolutely.

[Passion_ltc]

Can you PM me which features do you want to see the most? I'm currently thinking about doing a NXT reddit. (with the different discussion areas)

If we can get a specific sum in NXT I could also take a break for a few months and working full-time on this.

Sure, let me think on it and I'll get back.  Overall I was thinking a reddit or a BTT style would be great.  Reddit might be a little more appropriate and easier to follow if I had to vote on it.

Okay. Thanks. You can also write me an email at contact@nxtarea.com

I like the reddit idea more. There you can create subreddits like "economy", "trading", "websites", "services" etc.. I'm not sure about the up and down voting, because this have to be on my database, and not on the blockchain.

For general voting I could also create an extra section for this on nxtion, where you have to vote with your account. The more NXT you send, the more voting points you got for the topic.


My goal is to make an api later, so that everyone can create it's own nxtion clones, but still based on my blockchain data.

[opticalcarrier]

have you guys seen this? BitInstant CEO charged with money laundering
http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1

That's why we have a bounty for article:
- Nxt and its Decentralized P2P exchanges with mixing services = totally untraceable, anonymous and uncontrolled by any government.

The sooner someone writes it the higher chance to get it published as an answer to this event

I dont think we even have any idea how any mixing could work.  We could do something regarding decentralized exchange as we can actually test this out now, but mixing....

[opticalcarrier]

Yeha I was more talking about the domain then anything else.

The http://www.mynxt.info site looks really good indeed.

And your right that there is an enormous amount of work in the blockchain.info site.

All,  Ive created a DNS A record for blocks.nxtcrypto.org resolving to 87.230.14.1 which is nexern's block explorer.  In a bit of time it should propogate through the internet.  Now nexern's server may/maynot work correctly with this, but if anyone else can think of a better name than blocks for the site, let me know

[cryptolawyer]

have you guys seen this? BitInstant CEO charged with money laundering
http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1

That's why we have a bounty for article:
- Nxt and its Decentralized P2P exchanges with mixing services = totally untraceable, anonymous and uncontrolled by any government.

The sooner someone writes it the higher chance to get it published as an answer to this event

I dont think we even have any idea how any mixing could work.  We could do something regarding decentralized exchange as we can actually test this out now, but mixing....

One thing to consider as to mixing...this, more than anything, is what is currently giving regulators the world over agita. I agree it's a powerful feature, but emphasizing Nxt's unique abilities in this respect could make Nxt a bit of a poster child for all that's wrong with decentralized crypto currencies in lawmakers' eyes.

Then again, some say there's no such thing as bad publicity...

[salsacz]

So we are paying a CPM of around $75 for this advertising.  That's really expensive.

I'm not saying these audio spots are a bad idea, I don't know.  I'm saying $20K is a LOT of real money for an advertising budget.

If we are ready to spend that kind of cash, we should consider print ads in Bitcoin Magazine. 

For $20K we could get full page color ads on page 1 for the next three years in a printing of 25,000 in each month's production run.

http://bitcoinmagazine.com/advertising/

http://btcmag.9wizards.netdna-cdn.com/wp-content/uploads/2013/12/BITCOIN-Pricing-List-Interactive-Issues-17-19_web.pdf

This would have a CPM of around $20-$25.  Don Draper of Mad Men would say that's three times more effective.  Plus every ad could have a QR code or URL that would sweep the user immediately on to more info.

+1

do both...radio spots & print ads (doesn;t have to be 1st page but should be full page)

BOTH ARE ESSENTIAL....WE PLUG THE RASPI/ENERGY EFFICIENCY TECHNICAL STUFF IN PRINT or WEBSITE.

NOTE: isn't the Bitcoin magazine editors oppose to Nxt??

YES they are.  They were fast-tracking my "Whats NXT in the world of cryptocurrencies"  It went throuigh som proofreading and some critiques for no opposing viewpoints which I addressed, then went to chief editor who shot it down.  Said chief editor is founder of ethereum and specifically told me he wouldnt publish it because NXT was voted "most likely a scam" in some poll somewhere

Luckily for us though, I believe the sentiment is changing, and they will probably have no choice but to publish us now

BTW I managed to get it translated into many languages

Anon136: Why NXT ought to be taken seriously / Chinese (为什么我们应该重视Nxt?) / Miramare's Chinese translation / Spanish

Opticalcarrier Whats NXT in the World of Cryptocurrencies? / Spanish / Chinese / Russian

[nxtgt]

How much longer is discussion about 5 separate topics going to occur in one thread? Am I the only one who thinks this is an ineffective way of communicating?

Probably forever.  I like it.  This place is like a noisy and boisterous pub full of interesting people, a fun place to be.

https://nxtchg.com/img/var/cheers.jpg

 

+1.  Absolutely.

Sometimes you want to go... where NOBODY knows your real name...   

All joking aside, there's no reason why this thread couldn't still exist for general chatter. I think it's just as entertaining as you all, but I just don't think it's conducive to moving the project along as fast as it can go. As others have brought up, there's some fierce competition coming soon from Ethereum et al. Regardless of what you think about how they are structured with "heads" or "corporate leaders", I can guarantee they are organized in the sense that I am talking about: effective and efficient use of information, human and capital resources. I honestly think keeping big topic discussions going on in one thread is the equivalent of 50 people in one room shouting trying to get things done. Yes, it's possible to progress this way, but not as quickly and focused as they can be if discussion was held in dedicated threads.

I've yet to hear why others think keeping discussion about voting, marketing, client problems, when Cryptsy will add, a social network, what the LTB 1 minute spot will sound like, the rate of NXT/BTC, Bitcoin Miami updates, etc in ONE thread is a more effective way of communication rather than having dedicated topics for example:

Topic
Description
Progress Update
Timeline
Problems That Need Solutions
Bounties

[mezzovide]

Yeha I was more talking about the domain then anything else.

The http://www.mynxt.info site looks really good indeed.

And your right that there is an enormous amount of work in the blockchain.info site.

All,  Ive created a DNS A record for blocks.nxtcrypto.org resolving to 87.230.14.1 which is nexern's block explorer.  In a bit of time it should propogate through the internet.  Now nexern's server may/maynot work correctly with this, but if anyone else can think of a better name than blocks for the site, let me know

didnt work, DNS has been propogated tho..

Non-authoritative answer:
Name:    blocks.nxtcrypto.org
Address:  87.230.14.1

[rickyjames]

have you guys seen this? BitInstant CEO charged with money laundering
http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1

That's why we have a bounty for article:
- Nxt and its Decentralized P2P exchanges with mixing services = totally untraceable, anonymous and uncontrolled by any government.

The sooner someone writes it the higher chance to get it published as an answer to this event

From the business insider article quoted above:

FAIELLA, 52, of Cape Coral, Florida, and SHREM, 24, of New York, New York, are each charged with one count of conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison, and one count of operating an unlicensed money transmitting business, which carries a maximum sentence of five years in prison. SHREM is also charged with one count of willful failure to file a suspicious activity report, which carries a maximum sentence of five years in prison.

Notice that each of these charges have nothing to do with drug activity even though it was drug activity that got law enforcement focused on these two guys.  In the United States, money flow is tightly regulated.   Theoretically anybody in the US who owns a single cryptocoin of any value could be charged with the first two legal charges, and anybody that makes a transaction having a value greater than $10,000 with any cryptocoin can be hit with the third charge.  

So far cryptocoin activity in the US is pretty much "under the radar" but as it gets bigger in years to come it is going to be more and more tightly regulated.  That includes NXT, and innovations to make it truly anonymous will be seen as a threat.

[opticalcarrier]

Yeha I was more talking about the domain then anything else.

The http://www.mynxt.info site looks really good indeed.

And your right that there is an enormous amount of work in the blockchain.info site.

All,  Ive created a DNS A record for blocks.nxtcrypto.org resolving to 87.230.14.1 which is nexern's block explorer.  In a bit of time it should propogate through the internet.  Now nexern's server may/maynot work correctly with this, but if anyone else can think of a better name than blocks for the site, let me know

didnt work, DNS has been propogated tho..

Non-authoritative answer:
Name:    blocks.nxtcrypto.org
Address:  87.230.14.1

yeah, sounds like he'll have to have his server configured to work with that, if he wants it to work.

[msin]

My goal is to make an api later, so that everyone can create it's own nxtion clones, but still based on my blockchain data.

That would be great, especially for decentralized marketplace. 

[cryptolawyer]

have you guys seen this? BitInstant CEO charged with money laundering
http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1

That's why we have a bounty for article:
- Nxt and its Decentralized P2P exchanges with mixing services = totally untraceable, anonymous and uncontrolled by any government.

The sooner someone writes it the higher chance to get it published as an answer to this event

From the business insider article quoted above:

FAIELLA, 52, of Cape Coral, Florida, and SHREM, 24, of New York, New York, are each charged with one count of conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison, and one count of operating an unlicensed money transmitting business, which carries a maximum sentence of five years in prison. SHREM is also charged with one count of willful failure to file a suspicious activity report, which carries a maximum sentence of five years in prison.

Notice that each of these charges have nothing to do with drug activity even though it was drug activity that got law enforcement focused on these two guys.  In the United States, money flow is tightly regulated.   Theoretically anybody in the US who owns a single cryptocoin could be charged with the first two legal charges, and anybody that makes a transaction with any cryptocoin with a transaction value greater than $10,000 can be hit with the third charge.  

So far cryptocoin activity in the US is pretty much "under the radar" but as it gets bigger in years to come it is going to be more and more tightly regulated.  That includes NXT, and innovations to make it truly anonymous will be seen as a threat.

Actually, much of this turns on whether a person or business is a money transmitter and therefor a money service business under the Bank Secrecy Act, which would require registration as such with FinCEN, implementing anti-money laundering procedures and filing suspicious activity reports (among other obligations). FinCEN has issued guidance that merely using crypto currencies to purchase goods or services or to exchange (even using freshly mined coins) does not cause someone to be a money transmitter and therefore rope them into the regulations, but there is still plenty of uncertainty (both with FinCEN and the Bank Secrecy Act and from the multitude of other federal and state regulators, most of whom have not yet said anything on the topic).

The New York Department of Financial Services is holding hearings today and tomorrow, and is contemplating a "Bitlicense" tailored to crypto currency-specific businesses.

[pinarello]

They didnt show us this pictures them Miami guys

http://imgur.com/oYW8GFs

[msin]

a sneak peak to my idea about a green Nxt video:
http://www.youtube.com/watch?v=ic_WLMPX888&feature=youtu.be

Salsacz, I like the message, but the video comes across as somewhat amateurish with weird editing cuts.  I really like your animated Nxt intro video and feel that this message would be much better served in an animated video, then you can incorporate more stats without the distracting backdrop of people.

[NxtChg]

Sometimes you want to go... where NOBODY knows your real name...   

You are a funny bunch of people 

[newsilike]

So we are paying a CPM of around $75 for this advertising.  That's really expensive.

I'm not saying these audio spots are a bad idea, I don't know.  I'm saying $20K is a LOT of real money for an advertising budget.

If we are ready to spend that kind of cash, we should consider print ads in Bitcoin Magazine. 

For $20K we could get full page color ads on page 1 for the next three years in a printing of 25,000 in each month's production run.

http://bitcoinmagazine.com/advertising/

http://btcmag.9wizards.netdna-cdn.com/wp-content/uploads/2013/12/BITCOIN-Pricing-List-Interactive-Issues-17-19_web.pdf

This would have a CPM of around $20-$25.  Don Draper of Mad Men would say that's three times more effective.  Plus every ad could have a QR code or URL that would sweep the user immediately on to more info.

+1

do both...radio spots & print ads (doesn;t have to be 1st page but should be full page)

BOTH ARE ESSENTIAL....WE PLUG THE RASPI/ENERGY EFFICIENCY TECHNICAL STUFF IN PRINT or WEBSITE.

NOTE: isn't the Bitcoin magazine editors oppose to Nxt??

YES they are.  They were fast-tracking my "Whats NXT in the world of cryptocurrencies"  It went throuigh som proofreading and some critiques for no opposing viewpoints which I addressed, then went to chief editor who shot it down.  Said chief editor is founder of ethereum and specifically told me he wouldnt publish it because NXT was voted "most likely a scam" in some poll somewhere

Luckily for us though, I believe the sentiment is changing, and they will probably have no choice but to publish us now

BTW I managed to get it translated into many languages

Anon136: Why NXT ought to be taken seriously / Chinese (为什么我们应该重视Nxt?) / Miramare's Chinese translation / Spanish

Opticalcarrier Whats NXT in the World of Cryptocurrencies? / Spanish / Chinese / Russian

German

[opticalcarrier]

Perhaps it would be a good idea for the client to check for a public key in the blockchain everytime an account is unlocked, and it to warn the user that the account has no public key and does not have 2^256 security?

We know that something similar to this already happens - when an account is unlocked, the account is checked for collision with another account, and will not allow an account to be used if there is a collision with an account that already has a public key on the blockchain.  So what I'm suggesting isn't to terribly complex to implement.

This would spread the word out about account security, which would be a plus as we are sort of getting hammered on this issue.

[NxtChg]

They didnt show us this pictures them Miami guys

http://imgur.com/oYW8GFs

Oh, yeah, those pieces of scotch tape on her nipples totally make her not naked

Gotta love the hypocrisy...

[ImmortAlex]

Ricky:
I have still little problem with:
"Don't freeze in Iceland"

- Iceland is very free and green country that supports Bitcoin and will be supporting Nxt when we beat this bastard. So I don't want to be cruel to our crazy friends

Use Siberia instead of Iceland. It kick ass of every warm-lover.

[CIYAM]

Perhaps it would be a good idea for the client to check for a public key in the blockchain everytime an account is unlocked, and it to warn the user that the account has no public key and does not have 2^256 security?

This seems like a reasonable and easy to implement improvement (although maybe the wording of the text would need to be a little more "user friendly" than mentioning 2^256).