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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755901 times)
pinarello
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NXT is the future


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February 07, 2014, 11:01:34 AM
 #30721


short tough Cheesy

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February 07, 2014, 11:02:34 AM
 #30722


That was typical megalomaniac self-absorbed Keiser statement.
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February 07, 2014, 11:03:47 AM
 #30723

that soon? nice! right in the wake of all this crap with mtgox... wouldnt surprise me if mtgo is still down by then..

It doesn't mean that we r running it on the main net next week. 1st we should TEST it.
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February 07, 2014, 11:04:13 AM
 #30724


http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8606685.PN.&OS=PN/8606685&RS=PN/8606685

Does Kaiser really own the patent? Undecided

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100 satoshis -> ISO code


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February 07, 2014, 11:05:32 AM
 #30725

The reason why there are so little NXT transactions are because they are way to expensive. If i want to send the lowest amount possible to a friend, so he can send it back and test his setup, it costs mit 2 NXT total. (send 3 to him, 2 come to him and he sends the 2 back) That are 12-15 cents.

Our network wants to tell everyone that we can handle big traffic with little cost, but the way i see it, with the fee staying that high, not many transactions will occur.

Or look at faucets. Many people want to enter a currency for free at start to test it out. Now we can get 3 NXT from a faucet. that is 1 transaction .... Rly??
I think currencies like Doge are so successful because the fee is ridiculous low, its 0.01 Doge, that is like a 10.000th of NXT..

I predict a more than 10 fold in transactions if the fee drops to 0.1 NXT and the fractional NXTs get enabled.  Also even if it does not increase by tenfold, then then widespread of the currency makes up for it.

FEE 0.1!!!!  NAOWW

Exactly!
When are we implementing this change?

+1

That makes no sense because NXT is 100% issued so fees need to be material to encourage forging and redistribute coins. Perhaps the fee should be 1% of amounts < 100, and capped at 1 for larger amounts. Two decimal places would be needed also, for nxt cents.


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February 07, 2014, 11:09:09 AM
 #30726


Obviously he does. But he's full of himself - which is fine when it's true, but when he's making statements like MaxCoin is a total success (just go read his #maxcoin tweets), when it has been anything but a success so far (except maybe for the inner circle). Can't stand the fakery.
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February 07, 2014, 11:10:45 AM
 #30727

Code:
[2014-02-07 17:50:15.163] DEBUG: Database cache size set to 126720 kB
[2014-02-07 17:50:17.668] Database is at level 6
[2014-02-07 17:50:17.670] Updated database is at level 6
[2014-02-07 17:50:17.680] Scanning blockchain...
java.lang.reflect.InvocationTargetException
        at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
        at sun.reflect.NativeMethodAccessorImpl.invoke(Unknown Source)
        at sun.reflect.DelegatingMethodAccessorImpl.invoke(Unknown Source)
        at java.lang.reflect.Method.invoke(Unknown Source)
        at org.eclipse.jetty.start.Main.invokeMain(Main.java:297)
        at org.eclipse.jetty.start.Main.start(Main.java:724)
        at org.eclipse.jetty.start.Main.main(Main.java:103)
Caused by: java.lang.OutOfMemoryError: Java heap space
        at java.util.Arrays.copyOf(Unknown Source)
        at java.lang.AbstractStringBuilder.expandCapacity(Unknown Source)
@Jean-Luc ,as above after adding pause .
See, it is running out of memory. How do you start java, what -Xmx parameter do you use? Try:
java -Xmx1024M -jar start.jar

I start bat file with "C:\Program Files\Java\jre7\bin\java.exe" -jar start.jar
Use the "java -Xmx1024M -jar start.jar",the cmd just disappear at the start.

May I need to modify some parameters in web.xml?
TKS.
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PGP 9CB0902E


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February 07, 2014, 11:13:11 AM
 #30728


Obviously he does. But he's full of himself - which is fine when it's true, but when he's making statements like MaxCoin is a total success (just go read his #maxcoin tweets), when it has been anything but a success so far (except maybe for the inner circle). Can't stand the fakery.

he has it double-patented?
http://patft.uspto.gov/netacgi/nph-Parser?Sect2=PTO1&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&d=PALL&RefSrch=yes&Query=PN%2F7487123

1PeecNu1J8VNKpgR13nasMZWLcMZrwNJfc
pinarello
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February 07, 2014, 11:13:39 AM
 #30729

Well there is still a job opportunity for CfB when he stops with NXT.

He is a very famous meme creator now.

https://bitcointalk.org/index.php?topic=453230.msg4993771#msg4993771

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February 07, 2014, 11:13:50 AM
 #30730

how long would testing take??

No idea.
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February 07, 2014, 11:14:10 AM
 #30731

The reason why there are so little NXT transactions are because they are way to expensive. If i want to send the lowest amount possible to a friend, so he can send it back and test his setup, it costs mit 2 NXT total. (send 3 to him, 2 come to him and he sends the 2 back) That are 12-15 cents.

Our network wants to tell everyone that we can handle big traffic with little cost, but the way i see it, with the fee staying that high, not many transactions will occur.

Or look at faucets. Many people want to enter a currency for free at start to test it out. Now we can get 3 NXT from a faucet. that is 1 transaction .... Rly??
I think currencies like Doge are so successful because the fee is ridiculous low, its 0.01 Doge, that is like a 10.000th of NXT..

I predict a more than 10 fold in transactions if the fee drops to 0.1 NXT and the fractional NXTs get enabled.  Also even if it does not increase by tenfold, then then widespread of the currency makes up for it.

FEE 0.1!!!!  NAOWW

Exactly!
When are we implementing this change?

+1

That makes no sense because NXT is 100% issued so fees need to be material to encourage forging and redistribute coins. Perhaps the fee should be 1% of amounts < 100, and capped at 1 for larger amounts. Two decimal places would be needed also, for nxt cents.



Forging makes no sense if you don't have transactions.

Plus most people don't even know what forging is for. Hell, most simpele miners don't even realise that they are securing the network. They just mine for coinzzzz.

Again: who is the target audience?

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog
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February 07, 2014, 11:15:29 AM
 #30732

http://www.youtube.com/watch?v=RDoaf5Vnh7s&feature=youtu.be

Expected  Grin
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February 07, 2014, 11:22:42 AM
 #30733

Why we need crypto-currency

http://www.bbc.co.uk/news/business-25861717

Notable projects 2019: Semux, Dero, Wagerr, BEAM
pinarello
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NXT is the future


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February 07, 2014, 11:27:17 AM
 #30734


Off Topic:





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February 07, 2014, 11:33:14 AM
Last edit: February 07, 2014, 12:04:22 PM by jkoil
 #30735



I guess those patents/applications are about trading system and virtual currency ...
but are they related to the cryptocurrencies. That's another case, afik patent lawyers Smiley


NXT, NEM.   NCMXTP-5JWUF3-QYHADC-YWELC5-QPUWF3-EAVFQM-MU7R
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February 07, 2014, 11:36:45 AM
 #30736


thats bullshit.. your money so you can withdraw what ever you want! id have a shit attack if my bank said i couldnt withdraw my own money in person in the bank.. id understand a few hundred thou or a million but not just a couple thou... there all goin buyin bitcoin from zipzap lol

Yeah, it's scary.  If a well capitalised bank like HSBC is not letting customers withdrawal 7,000, then the finance world is in a really bad state!

That's not a conspiracy theorist article either--- it's BBC!

Notable projects 2019: Semux, Dero, Wagerr, BEAM
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February 07, 2014, 11:37:33 AM
 #30737


Forging makes no sense if you don't have transactions.

Plus most people don't even know what forging is for. Hell, most simpele miners don't even realise that they are securing the network. They just mine for coinzzzz.

Again: who is the target audience?

coins? what coins?
Forging make no sense if you dont forge anything or a ridicoulos amount (more ridicolous than now)
who will secure the network?stakeholders? ok

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        Make International Calls
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mikesbmw
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February 07, 2014, 11:51:13 AM
 #30738


thats bullshit.. your money so you can withdraw what ever you want! id have a shit attack if my bank said i couldnt withdraw my own money in person in the bank.. id understand a few hundred thou or a million but not just a couple thou... there all goin buyin bitcoin from zipzap lol

Same has been the case at many (if not all) banks in the Netherlands. This has been the case for many years already.

It's just not possible to withdraw large cash amounts due to "security" reasons. Local banks don't have large piles of cash laying around anymore.
You have to give them notice in advance, sometimes more than a week (also to check if it is okay, security wise) for everything above 5000 euros (that amount may vary per bank).

NXT: Next Generation of Cryptocurrency http://nxtcrypto.org
NEM:New Economy Movement http://www.ournem.com/
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February 07, 2014, 12:06:26 PM
 #30739

The reason why there are so little NXT transactions are because they are way to expensive. If i want to send the lowest amount possible to a friend, so he can send it back and test his setup, it costs mit 2 NXT total. (send 3 to him, 2 come to him and he sends the 2 back) That are 12-15 cents.

Our network wants to tell everyone that we can handle big traffic with little cost, but the way i see it, with the fee staying that high, not many transactions will occur.

Or look at faucets. Many people want to enter a currency for free at start to test it out. Now we can get 3 NXT from a faucet. that is 1 transaction .... Rly??
I think currencies like Doge are so successful because the fee is ridiculous low, its 0.01 Doge, that is like a 10.000th of NXT..

I predict a more than 10 fold in transactions if the fee drops to 0.1 NXT and the fractional NXTs get enabled.  Also even if it does not increase by tenfold, then then widespread of the currency makes up for it.

FEE 0.1!!!!  NAOWW

Exactly!
When are we implementing this change?
+1

That makes no sense because NXT is 100% issued so fees need to be material to encourage forging and redistribute coins. Perhaps the fee should be 1% of amounts < 100, and capped at 1 for larger amounts. Two decimal places would be needed also, for nxt cents.



Forging makes no sense if you don't have transactions.

Plus most people don't even know what forging is for. Hell, most simpele miners don't even realise that they are securing the network. They just mine for coinzzzz.

Again: who is the target audience?
In the beginning cryptocurrency-enthusiasts and not the normal Joe from the street. They don't understand shit about Nxt.

Untill it is for experts/dev's and miners, than you must give them something to earn money with. That's why the most like cryptocurrency: making money, getting decentralized and loving the tech-world around it. The normal 'guys' will only step in if it is totally user friendly, you can really pay with it and it gets a lot of publicity.

Reward the forgers untill then. (is my opinion) Smiley

Follow the latest blockchain news: https://twitter.com/blockchainguide
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February 07, 2014, 12:09:01 PM
 #30740

https://bitcointalk.org/index.php?topic=438150.0

Maxcoin might well kill Max Keiser if the amount of butthurt on the above thread is anything to go by.
Go read it, then come back here and appreciate how bloody good NXT is.

Heres my little pep-talk for today:

  Bitcoin is in free-fall and under pressure from government and law, not to mention MtGOX....

  The entire crypto market is collapsing, following Bitcoins lead.

  Maxcoin was going to rule the world, that seems to be postponed for a while.

  2nd generation cryptos.......does anyone see a functioning 2nd gen crypto apart from NXT ?

NXT is in a very good postion right now. It isn't tied to BTC in any real way, the basic features work well, and the advanced stuff is coming along, though maybe more slowly than some of us expected. NRS clients are stable, no nasty hacks for a while...

Right now, we should be thinking  "marketing opportunity" , not "OMG, the sky is falling".
I'm going to be throwing some more fiat/BTC into NXT today and I suggest that everyone else follows my lead.

If we can hold, keep calm & carry on, keep NXT on the level while the market is collapsing around it, the potential is huge.
This could be a game-changing moment for crypto, there are a lot of people right now out there in crypto land looking for a safe place to put their investment. It would be very good for NXT if we could make NXT that safe place.

So, can I humbly suggest that we:

Hold. Do not sell, where are u gonna go, into BTC?

Buy. Get rid of that BTC, or just keep the fiat value up by moving into NXT.

Promote. Get the huddled masses running to NXT as shelter from the BTC storm.

Help any newbies u meet.....

Last thought here: If we can get NXT in the green on coinmarketcap, while the rest of the crypto world is deep red, everyone is going to want some, no matter how complicated the client is or whether we can forge on RspPi or not..... so pump, don't dump.

I'm off to throw some BTC at DGEX, come and join in...
 

 

THIS!!


I suggest we create a reddit marketing campaign NOW! Only on the bitcoin/litecoin/big altcoin subreddits! The advertisement will be with headlines like "Ready for the btc dip or want to come over to a secure future with NXT?"

http://www.reddit.com/r/NXT/comments/1x492g/donations_towards_rnxt_to_13697847005408066653/


Could we get some funds for this? They will be used ONLY for the campaign.


Originally I wanted to do it after we have a client and AE. But maybe this is our chance right now! Smiley

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