NXT :: descendant of Bitcoin - Updated Information

[opticalcarrier]

Does anybody know how to setup a testnet? How many servers, etc.
I might need to get one setup as early as end of next week.

James

obtain a list of participants, have them generate new accounts from new passphrases

these particiapants will provide IP addresses of their clients that will particpate.  these IP addresses will be used in wellknownpeers files

set up a network of clients that are configured to use some other 2 ports other than 7874/7875

have a member on 1 client willing to send NXT from their local client on the testnet from an existing account to all other new accounts

then we are basically running on an isolated fork with just limited people

[EvilDave]

This donation was around 0.07% of TwinWinNerD's current stake in NXT.  That's about one NXT coin out of every thousand.   If EVERY NXTer donated one out of every thousand coins in their stake, no matter how big or how small, IT WOULD MAKE A HUGE DIFFERENCE IN THE MONTHS TO COME.

Please think about it, then please do it.

ED:cut for brevity

Ricky: u blackmailing swine.
I've sent 30NXT to the community fund, (tx id 11497794773844040352, my account nr below)
This represents roughly one NXT per 500 in my holdings. I'm going to miss them.....

I hope they'll be happy  

[jl777]

Does anybody know how to setup a testnet? How many servers, etc.
I might need to get one setup as early as end of next week.

James

obtain a list of participants, have them generate new accounts from new passphrases

these particiapants will provide IP addresses of their clients that will particpate.  these IP addresses will be used in wellknownpeers files

set up a network of clients that are configured to use some other 2 ports other than 7874/7875

have a member on 1 client willing to send NXT from their local client on the testnet from an existing account to all other new accounts

then we are basically running on an isolated fork with just limited people

Thanks!

[rickyjames]

This donation was around 0.07% of TwinWinNerD's current stake in NXT.  That's about one NXT coin out of every thousand.   If EVERY NXTer donated one out of every thousand coins in their stake, no matter how big or how small, IT WOULD MAKE A HUGE DIFFERENCE IN THE MONTHS TO COME.

Please think about it, then please do it.

ED:cut for brevity

Ricky: u blackmailing swine.
I've sent 30NXT to the community fund, (tx id 11497794773844040352, my account nr below)
This represents roughly one NXT per 500 in my holdings. I'm going to miss them.....

I hope they'll be happy  

Thanks!!!

Hey, somebody's gotta be the pitchman at every carnival....for NXT, looks like it's me.

Speaking of which....

You!  Yeah, YOU!  You're not gonna let somebody named EVILAnything donate a higher percentage of his NXT than YOU are, right?  Cause YOU, dear reader, are one of GOOD guys...

[rickyjames]

Does anybody know how to setup a testnet? How many servers, etc.
I might need to get one setup as early as end of next week.

James

obtain a list of participants...

Count me in.  

I've been thinking about this whole 1000 TPS thing and have a basic question.  If ANYBODY can be the node that generates a block, but a node with a low rate data link can't support 1000TPS, then are we saying that the NXT TPS chain is only as strong / fast as its weakest link?  

[jl777]

Alias wrote:

Maybe I'm wrong but I think that there is a relatively easy way to do this:

Say Alice is a Counterparty user and Bob is a NXT user. Alice and Bob want to get their respective tokens "into" each others systems. They can set up a multisig address (2 of 2) on each system to which they both have 1 of the keys. They can both add some amount (say $10,000 worth) of their tokens into the multisig addresses. So now the NXT address has say 20,000 NXT and the Counterparty address has 4,000 XCP. Both Alice and Bob can define the appropriate assets/colored coins. They are effectively performing escrow for each other. In this manner you are actually "backing" NXT assets with NXT and XCP assets with XCP.

Of course there are all sorts of potential issues with this such as - how do you know that Alice and Bob aren't the same person. In the long-term that doesn't matter because both Alice and Bob will be DACs. You could technically trade between an "XCP colored NXT" and an "NXT colored XCP" via "Alice and Bob".

So there's an answer to your earlier question James: The most valuable DACs? - How about one which facilitates interoperability between decentralized exchanges.

Another neat way of doing this would be to extend the Counterparty Protocol across both Bitcoin and NXT (using the arbitrary message system)! This would mean the NXT system could have colored coins on top of colored coins. "This coin represents a Counterparty token which represents my deeds to this house".
***
He is in transit now and I need help to make sure I understand what we need to do in order to have a fully automated DAC gateway.

I understand what a ripple gateway does and I think the automated DAC gateway just needs to do the equivalent of what a ripple gateway does, namely receive actual XYZ and issue Asset name XYZ and the reverse, receive asset name XYZ and send actual XYZ.

I need a smart person to explain clearly how exactly the DAC can do this. Where does it exist, how does it run, how it will sync with two blockchains, etc.

James

[xyzzyx]

Got one of these the other day:



It's a GSM modem.  So I wrote a little program to test it out.  A proof-of-concept, really.

Send a SMS text to [removed]* and account # 16228559550138619285 will copy it into the blockchain as an AM payload.  You can use NXTArea's AM Explorer to view.

I only plan to have it up for a short time as this is just a test.

I'll release the code under the GPLv3 in a little bit after I do some cleanup.  It's a mess at the moment.

BUMP.

Only three SMS messages total have been received and placed into the blockchain so far.

The only info that is put into the blockchain is the text body contents.  The header is discarded so it is pseudo-anonymous.  (The phone network providers that routed the SMS will have a record, of course.)

Want to give it a try?

*Edit: test was completed at 2:00GMT on 3rd of Feb. 2014.

[jl777]

Does anybody know how to setup a testnet? How many servers, etc.
I might need to get one setup as early as end of next week.

James

obtain a list of participants...

Count me in.  

I've been thinking about this whole 1000 TPS thing and have a basic question.  If ANYBODY can be the node that generates a block, but a node with a low rate data link can't support 1000TPS, then are we saying that the NXT TPS chain is only as strong / fast as its weakest link?  

I am guessing any node that can't keep up will automatically become blacklisted and they fall forever behind. Such low bandwidth nodes will need to run slim clients. Not sure how they will be able to send NXT

James

[salsacz]

Salsacz:  The "Procentual distribution of Bitcoin vs. Nxt" diagram has some flaws.

http://a.disquscdn.com/uploads/mediaembed/images/818/9098/original.jpg

1) It shows two identical pie charts, with exactly the same colors.  Surely, if you claim BTC and NXT have different distributions, then the piecharts should look different?

2) No clear markings/labels and colour differences are introduced on the piecharts to show clearly which one is NXT and which one is BTC.  At least draw a line up the middle and use different colors.

thanks:

https://i.imgur.com/qg336Xb.png

[xyzzyx]

I am guessing any node that can't keep up will automatically become blacklisted and they fall forever behind. Such low bandwidth nodes will need to run slim clients. Not sure how they will be able to send NXT

Slim clients will have to form and sign their transaction locally then transmit the transaction to a hub node.  They'll have to poll the hub node periodically for some X blocks to make sure the transaction wasn't orphaned.  If it gets orphaned, they'll have to re-transmit.

That's my understanding anyway.

[Mises_77]

I dont think anyone posted this yet..

What Is Transparent Forging In Nextcoin (NXT)? - By Tai Zen,

http://www.youtube.com/watch?v=DfFZBuyXI-s

[Passion_ltc]

/r/NXT/


The subreddit with our correct name finally goes live!


I hope that we can grow to something like /r/Bitcoin.



Suggestions all via PM here or on reddit.com, also if any known member wants to be moderators please write me.

[rickyjames]

Does anybody know how to setup a testnet? How many servers, etc.
I might need to get one setup as early as end of next week.

James

obtain a list of participants...

Count me in.  

I've been thinking about this whole 1000 TPS thing and have a basic question.  If ANYBODY can be the node that generates a block, but a node with a low rate data link can't support 1000TPS, then are we saying that the NXT TPS chain is only as strong / fast as its weakest link?  

I am guessing any node that can't keep up will automatically become blacklisted and they fall forever behind. Such low bandwidth nodes will need to run slim clients. Not sure how they will be able to send NXT

James

So we start by telling people they can forge NXT based on their stake, then blacklist them forever if they can't meet a certain level of performance?

[ThePatient]

Ok so i just bought some NXT on BTer. I had previously set up the NXTsolaris client. I then withdrew my nxt on BTer to my address on my client. It's been about 10 mins. Am i supposed to see anything on the client such as "incoming transaction" or something?

Thanks

I still don't have my nxt

I know it may take a while from an exchange, but is this normal? did i set up my client wrong?

This is the transaction:

http://www.mynxt.info/blockexplorer/details.php?action=ac&ac=3604359399477947696

[Pouncer]

I am really interested in seeing if we can standardize on Raspberry Pis as the Official Public Node of NXT and deploy a lot of those all over the world rather than renew a bunch of more expensive VPSs that got us thru the initial late Dec crunch.  I have heard different things about it - it can definitely forge blocks, it's underpowered for the task, it works better if you plug a thumb drive in the USB port to give it more memory, it needs to be replaced by a Cubie.  I would like to pull all this together and come up with a definitive answer on a Raspberry config that is qualified to be a Service Node without running out of horsepower.  Dave, your thoughts?
....

If we're thinking of deploying embedded servers like Rpi instead of VPS, I'd suggest we consider Odroid-U3. It's only marginally more costly than Rpi, but have far better tech specs. I've been running one for weeks and it works like a charm.

[xyzzyx]

Ok so i just bought some NXT on BTer. I had previously set up the NXTsolaris client. I then withdrew my nxt on BTer to my address on my client. It's been about 10 mins. Am i supposed to see anything on the client such as "incoming transaction" or something?

Thanks

I still don't have my nxt

I know it may take a while from an exchange, but is this normal? did i set up my client wrong?

This is the transaction:

http://www.mynxt.info/blockexplorer/details.php?action=ac&ac=3604359399477947696

Your transaction is in the blockchain.  You may have a corrupted local copy of the blockchain.

Try this:

Stop the Java process.  Delete the blocks.nxt and transactions.nxt in the nxt directory.  Rename or copy blocks.nxt.bak to blocks.nxt, then do the same for transactions.nxt.bak to transactions.nxt.

Restart the Java process then log into your client.

[ThePatient]

How did this happen?

And how do i "stop the java process"?

Thanks

[xyzzyx]

How did this happen?

And how do i "stop the java process"?

Thanks

I see from your post history that you're on Windows and using the NXTSolaris client.  I don't know Windows all too well -- barely ever use it, but according to a post on nextcoin.org by joefox:

Open the Task manager, locate "java", and terminate the process.  There may be more than one.

Then restart your software.

[Anon136]

this looks like anon was waiting 2 days to publish the announcement

i published it very soon after i received it

[rickyjames]

I am really interested in seeing if we can standardize on Raspberry Pis as the Official Public Node of NXT and deploy a lot of those all over the world rather than renew a bunch of more expensive VPSs that got us thru the initial late Dec crunch.  I have heard different things about it - it can definitely forge blocks, it's underpowered for the task, it works better if you plug a thumb drive in the USB port to give it more memory, it needs to be replaced by a Cubie.  I would like to pull all this together and come up with a definitive answer on a Raspberry config that is qualified to be a Service Node without running out of horsepower.  Dave, your thoughts?
....

If we're thinking of deploying embedded servers like Rpi instead of VPS, I'd suggest we consider Odroid-U3. It's only marginally more costly than Rpi, but have far better tech specs. I've been running one for weeks and it works like a charm.

I'll get one on order for myself and play with it.  Can it use the Raspberry Pi software setup as is or did you have to tweak it?  Have you heard when large quantity orders will be allowed instead of single units?