NXT :: descendant of Bitcoin - Updated Information

[podyx]

Ok, so where can i get a good and simple nxt wallet?? aren't there any yet?

There is NO wallet. Your password IS your account. Make sure you have a strong enough password.
There are a couple of clients like solaris in betas, when finished they will be announced by the devs.

my password for what??

[nakaone]

I would love to review his ideas.  I just don't know what they are.

Start with Transparent mining, or What makes Nxt a 2nd generation currency and extend it or find flaws and fix them.

isn't the overall idea to make in some way valuable for finance/financial markets?

i asked it before but do not see the superiority to other projects like xcp msc bitshares or ethereum if high frequency cannot be implemented.

[bitcoinpaul]

I would love to review his ideas.  I just don't know what they are.

Start with Transparent mining, or What makes Nxt a 2nd generation currency and extend it or find flaws and fix them.

isn't the overall idea to make in some way valuable for finance/financial markets?

i asked it before but do not see the superiority to other projects like xcp msc bitshares or ethereum if high frequency cannot be implemented.

High frequency trading will and can not be implemented, if you mean that.

[wesleyh]

Remind me again what the difference is between effectiveBalance and balance? Which one should be displayed in a client?

[marcus03]

Remind me again what the difference is between effectiveBalance and balance? Which one should be displayed in a client?

effectiveBalance is balance effective for forging.

[okaynow]

Ok, so where can i get a good and simple nxt wallet?? aren't there any yet?

There is NO wallet. Your password IS your account. Make sure you have a strong enough password.
There are a couple of clients like solaris in betas, when finished they will be announced by the devs.

my password for what??

For opening the account. That password is the wallet.
Avoid online wallets like hell, and never logon your account through a VPS.

Right now, the safest way to work is to install NRS on your PC.

[Come-from-Beyond]

Remind me again what the difference is between effectiveBalance and balance? Which one should be displayed in a client?

Balance is how much money on the balance. Effective balance is used only for forging. Display both.

Btw, use getAccount, instead of getBalance.

[apenzl]

Ok, so where can i get a good and simple nxt wallet?? aren't there any yet?

There is NO wallet. Your password IS your account. Make sure you have a strong enough password.
There are a couple of clients like solaris in betas, when finished they will be announced by the devs.

my password for what??

http://nxter.org/new-to-nxt/

[Come-from-Beyond]

I hope you want code and data to be separated....
(ChuckOne's right, SMC would be bad...)

Code will be read-only and without ability to jump somewhere in the middle of an instruction bytes that would lead to morphing of the code.

[Come-from-Beyond]

i asked it before but do not see the superiority to other projects like xcp msc bitshares or ethereum if high frequency cannot be implemented.

Nxt can't do HFT too.

[abctc]

i read this: https://bitbucket.org/JeanLucPicard/nxt-public/issue/32/0511-critical-error-please-report-to-the

so RaspberryPi is out of the game?

I hate to see the RaspberryPi left behind, but 512MB was tight to begin with.

A shame. I extra bought a raspi a few weeks ago. Any idea for other Nxt purposes?

- FYI:

... No errors in the logs on my two machines. I even forged a few blocks with 0.7.0. Tried loading the blockchain from scratch with -Xmx256M, didn't go out of memory ...

[nakaone]

i asked it before but do not see the superiority to other projects like xcp msc bitshares or ethereum if high frequency cannot be implemented.

Nxt can't do HFT too.

why then is it so valuable to finance/financial markets (wall street guys )

[empowering]

Hi - Is it just me or can anyone else get on Bter or Dgex?

thnx

[l8orre]

MY RASPI IS RUNNING FINE WITH 0.6.0

ps -ax



2036 ?        SNl  160:29 /usr/bin/java -Xms250m -Xmx350m -jar start.jar STOP.PORT=7873 STOP.KEY=0815
 

what am I missing

[Come-from-Beyond]

why then is it so valuable to finance/financial markets (wall street guys )

I'm talking about new-school WS guys.

[gimre]

I hope you want code and data to be separated....
(ChuckOne's right, SMC would be bad...)

Code will be read-only and without ability to jump somewhere in the middle of an instruction bytes that would lead to morphing of the code.

What memory access? Aligned to 8? (to disallow aliasing)

[LiQio]

Hi - Is it just me or can anyone else get on Bter or Dgex?

thnx

What do you mean by "get on": load websites/login or deposit NXT?

[Come-from-Beyond]

What memory access? Aligned to 8? (to disallow aliasing)

All memory cells will be 64-bit integers accessed with index number.

[furball]

Sorry if this is extremely noobie, but I recently bought some NXT to test with and have had my client open for about two days to see how the forging process works..it is now showing "You can generate the next block in 6092 days....." !!

Is this because I only have a few hundred NXT? Will I see ANY new NXT in my account before then?

In Bitcoin/PoW mining, the likelyhood of mining a block is proportional to how many hashes/sec. your miner can do.  The more powerful your miner, the more likely you'll generate a block.  The difficulty in generating a Bitcoin block is very high, and a miner going alone has a very small chance of generating a block.

Instead, most Bitcoin miners choose to join a mining pool.  They all pool their hashing power so it is more likely for someone in that group to generate a block vs. someone going alone.  In return, everyone in the pool gets some income from finding a block together.

Think of each NXT as a PoW miner simulator with each NXT having the same PoW power.

There are NXT forging/mining pools forming now.

At the moment you have to send actual NXT to a forging pool in order to participate, and that's currently a bit like having to send your Bitcoin rig to someone else in order to mine blocks.

Soon it will be possible to safely lease your forging power to a pool without having to send any NXT.

It is up to you if you wish to join a forging pool now, or to wait a bit until you can lease your forging power.

Thanks very much for the reply! So I guess what you're saying is that if you have a small balance the chance of making any NXT from solo forging is pretty slim right? 

[empowering]

Hi sorry to be clear I cannot log on, both sites https://www.dgex.com and https://www.bter.com are not loading for me , coming up with connection to server interrupted... wondering if it is just me, or a wider problem.

thanks.