NXT :: descendant of Bitcoin - Updated Information

[Eadeqa]

How about contacting D. J. Bernstein himself to see if he can check the implementation

http://cr.yp.to/djb.html

He designed curve25519 so no one would know better than him.

It's more about Java implementation than about Curve25519.

I know, but I am sure he understands Java.

I am not sure if he will respond though. His email is listed as djb@cr.yp.to

[opticalcarrier]

For success, 2 things are needed the most.

(1) Very good native client (a few of them coming soon)
(2) The native client should be able to sign the transactions and broadcast it to a public node.  That way people don't have to install java and and run complex Nxt server

These two things should be top priority.

That's why there is a bounty for JS signing.  I believe we are close

[bitcoinpaul]

Uhh...   This is a much needed feature that we can code with available resources and API calls.

Project budget increased 150k NXT btw.

Needed by who exactly? Who will use it and pay money for it?
Backup purposes? It's competing with Crashplan which offers unlimited storage for $59.99/year and similar competitors.  
Static website server? It's competing with thousands free hosting providers on the internet.  

Decentralized. That's all you need to know.

+1

+1

Also, this is backed by me... I have 2.6M NXT 

+10

[bitcoinpaul]

I don't understand how people still get excited over a new alt-coin that does not offer anything new. Apparently most people think "new" means simply switching the block time and hashing algo, and all of a sudden you have "innovation". Out of hundreds of cryptocurrencies, there are only a handful that actually offer anything new, and maxcoin is not one of them.

Although, I suppose if I had a huge collection of GPUs, I'd be excited to make $k's of cash every time a new coin came out so I could mine and dump immediately... a sobering reminder that most miners don't care if they are securing the network, only that they are lining their pockets.

Which does bring me to my point - we need to market to a slightly different demographic. Marketing to those already invest in PoW coins is an inefficient use of resources, because if they can't mine it, they are not interested. Of course there are always exceptions, but if the accusations of "nxt is pre-mined!" are any indicator, most of the complaints are in-fact from miners. I'm not saying we shouldn't try to convert those invested in bitcoin and clones (we should, and we already are with LTB), but they should not be our main focus.

We need to be attracting people who are actually interested in innovation and smart investments. This means our focus is not on the majority of the cryptocurrency crowd, but on tech and business oriented people (Forbes, IEEE, universities, etc). We just have to present NXT in a manner that is easy to understand and why it completely blows all other coins out of the water. Right now is not quite the right time, but when nexern releases his client (along with the AE), we should have a very simple to install client as well as be able to show off the power of decentralized exchanges. We should not market to raise the price of NXT, but market to recruit talent and smart investors that will contribute (and not just ride the wave) to the NXT ecosystem. The price will rise as a side effect of the cumulative contribution. NXT is the only cryptocurrency platform that allows an exponentially growing ecosystem due to BCNext's decentralized vision - the rest of the coins are limited to what their developers can put out - NXT is unlimited.

Cryptocurrency crowd + tech / money people + ?

Who is / should be our target audience? Please comment and discuss.

Just want to catch on the discussion we had this afternoon about features and target audience for nxt.

1. (Possible) Features:
- TF for instant transactions
- TF + punishment against 50% attacks (correct?)
- no bloated blockchain
- energy friendly crypto
- mobile friendly crypto
- easy to add new features
- many many TPS
- parallel blockchains
- blockchain shrinking
- decentralized exchange
- colored coins
- decentralized voting/opiniongrabber
- decentralized AM (data storage, link storage (eg torrents), encrypted messaging, ...)
- dividend payouts (all fees per block) for everyone instead of mining of the few with lots of power
- Turing capability
- smart contracts
- anonymous transactions
- SMS gateway

2.Today it was clear that the nxt community isn't sure yet, which features are the most important ones, which could be ignored in favor of other features (some exclude each other), and who the target audience is. Would it be easier if we knew plan 2 and 3 from BCNext? I don't know. But regardless of BCNext's plans, we should discuss this topic in the community: which is our target audience now, next months and in one year? Does this depend on the features we implement or does the features depend on the audience we want to tackle? The answer is clear (or is nxt just fundamental research?) That's why we should discuss this.


...

[marek3ball]

Nxt - 3D graphics: Update #10

Here is my hexa version. I hope you will like it too.

Should I make third version exactly as was requested?


All 3d renderings are here:
forums.nxtcrypto.org
nextcoin.org

https://dl.dropboxusercontent.com/u/916428/Nxt_3dgraphics/nxt_hexa/nxt_hexa_a_small.png
https://dl.dropboxusercontent.com/u/916428/Nxt_3dgraphics/nxt_hexa/nxt_hexa_b_small.png

I like these too, 5k from me!

Thank you very much for your support!! 

nxt_hexa_b.png 1024x853px
nxt_hexa_b.png 1024x853px

[marek3ball]

I like your version better, it's much easier on my eyes. But i think the border can be improved upon.

This is my version of sketch
http://oi61.tinypic.com/ws0os0.jpg
Please don't laugh at my sketch.  

I think make it like this would be a little more better, but do it with super enhance tool that you professionals have. enhance.. enhance..enhance and boom smooth 3D!
Please do it for the fun just coz you can and i can't, i would if i can.

On the sides have the logo imprinted with a depth of about 2mm which shows the inner color of the slate.
We can have image of the coin shaped looking like pieces of granite from outer space.
Just imagine how carving it out with a full piece of granite would be.

Good point, I could try it with some other materials. We will see how it will look like.

[marek3ball]

Where can you spend NXT today, except exchange? Post any place accepting NXT.

https://www.solarcom.ch/en/

Games  : Thief; Hitman Absolution; Saints Row 4; Dirt 3; Sleeping Dogs   
https://nextcoin.org/index.php/topic,2846.msg34335.html#msg34335

[Xio]

Everyone feel free to donate to my account to help fund something not yet seen in the world of Nxt that will help people get in touch with ease.

Yes, I am pretty much a stranger here.
Yes, I am quite serious.

In the unlikely event that nothing useful (product launch) will come out of this until February 28, I'll send any donation back to the donor, minus transaction fee matching the fee paid in the originating transaction.

Thank you for listening and keep up all the great efforts!

Well, a little disappointing that the interest seems to be close to none. I guess that's my own fault, though.

If you are curious what I want to do and why donating makes sense:
I want to create a person-to-person exchange for NXT, similar to the functionality of LocalBitcoins.com, providing a secure and easy way to trade NXT (for fiat).

In case you have any wishes or suggestions on how you would want to use it and what to expect from such a service, please let me know.

Also, I remember there being at least one bounty offered for accomplishing this task. Are these offers still valid?
Of course the idea itself is interesting enough to invest effort and time, yet neither infrastructure is for free nor do my living expenses pay for themselves once I go full time on this project.

[ChuckOne]

How about contacting D. J. Bernstein himself to see if he can check the implementation

http://cr.yp.to/djb.html

He designed curve25519 so no one would know better than him.

It's more about Java implementation than about Curve25519.

What are your requirements for an code audit?

[Come-from-Beyond]

What are your requirements for an code audit?

The auditor must check that code correctly does what it's supposed to do and doesn't contain flaws.

[Modenon]

Everyone feel free to donate to my account to help fund something not yet seen in the world of Nxt that will help people get in touch with ease.

Yes, I am pretty much a stranger here.
Yes, I am quite serious.

In the unlikely event that nothing useful (product launch) will come out of this until February 28, I'll send any donation back to the donor, minus transaction fee matching the fee paid in the originating transaction.

Thank you for listening and keep up all the great efforts!

Well, a little disappointing that the interest seems to be close to none. I guess that's my own fault, though.

If you are curious what I want to do and why donating makes sense:
I want to create a person-to-person exchange for NXT, similar to the functionality of LocalBitcoins.com, providing a secure and easy way to trade NXT (for fiat).

In case you have any wishes or suggestions on how you would want to use it and what to expect from such a service, please let me know.

Also, I remember there being at least one bounty offered for accomplishing this task. Are these offers still valid?
Of course the idea itself is interesting enough to invest effort and time, yet neither infrastructure is for free nor do my living expenses pay for themselves once I go full time on this project.

I have the localnxt.com, localnxts.com and a few other similar domains. If you're interested contact me.

[ChuckOne]

What are your requirements for an code audit?

The auditor must check that code correctly does what it's supposed to do and doesn't contain flaws.

I would do it.

I was curious of the requirements the auditor shall fulfill.

[iruu]

Well, a little disappointing that the interest seems to be close to none. I guess that's my own fault, though.

If you are curious what I want to do and why donating makes sense:
I want to create a person-to-person exchange for NXT, similar to the functionality of LocalBitcoins.com, providing a secure and easy way to trade NXT (for fiat).

In case you have any wishes or suggestions on how you would want to use it and what to expect from such a service, please let me know.

Also, I remember there being at least one bounty offered for accomplishing this task. Are these offers still valid?
Of course the idea itself is interesting enough to invest effort and time, yet neither infrastructure is for free nor do my living expenses pay for themselves once I go full time on this project.

This is a good idea, but why NXT-only exchange specifically? You could support everything.  

Also, why ask for donations? You don't believe it can be profitable? I think you will get funds if you were to sell shares.  

[Come-from-Beyond]

What are your requirements for an code audit?

The auditor must check that code correctly does what it's supposed to do and doesn't contain flaws.

I would do it.

I was curious of the requirements the auditor shall fulfill.

S/he must be a Grandmaster of Cryptography.

[Coinonaer]

Everyone feel free to donate to my account to help fund something not yet seen in the world of Nxt that will help people get in touch with ease.

Yes, I am pretty much a stranger here.
Yes, I am quite serious.

In the unlikely event that nothing useful (product launch) will come out of this until February 28, I'll send any donation back to the donor, minus transaction fee matching the fee paid in the originating transaction.

Thank you for listening and keep up all the great efforts!

Well, a little disappointing that the interest seems to be close to none. I guess that's my own fault, though.

If you are curious what I want to do and why donating makes sense:
I want to create a person-to-person exchange for NXT, similar to the functionality of LocalBitcoins.com, providing a secure and easy way to trade NXT (for fiat).

In case you have any wishes or suggestions on how you would want to use it and what to expect from such a service, please let me know.

Also, I remember there being at least one bounty offered for accomplishing this task. Are these offers still valid?
Of course the idea itself is interesting enough to invest effort and time, yet neither infrastructure is for free nor do my living expenses pay for themselves once I go full time on this project.

I have the localnxt.com, localnxts.com and a few other similar domains. If you're interested contact me.

[iruu]

S/he must be a Grandmaster of Cryptography.

That's an argument from authority. That's not how you prove things. Even if Schneider were to say "it looks ok" it doesn't matter much.  
You prove code by formally verifying it and giving your proof. Someone could post it anonymously and it still would be valid.  
There's always the possibility of bugs due to bugs in language implementation itself, or even hardware, but there's no way around that.  

[ChuckOne]

What are your requirements for an code audit?

The auditor must check that code correctly does what it's supposed to do and doesn't contain flaws.

I would do it.

I was curious of the requirements the auditor shall fulfill.

S/he must be a Grandmaster of Cryptography.

Thought it is about code audit, not algo audit.

[CIYAM]

Although the Nxt Asset Exchange will be a useful addition I think that we are missing something that could be much more useful (and perhaps a "killer" addition) and that is "atomic cross-chain crypto-currency transfers" (some of you would recall I've already mentioned it).

As far as I can tell no-one has actually built such a system and also so far I can't even tell if such a transfer using TierNolan's approach (https://en.bitcoin.it/wiki/Atomic_cross-chain_trading) has ever actually been tested (if anyone has a link that shows such a transaction having taken place then I'd be very interested to see it).

IMO this would really be a "game changer" as it could allow people to trade crypto's directly without an exchange and without risk (beyond having to wait for the "refund" problem that is necessary for TierNolan's solution in case the trade doesn't get finalised).

It wouldn't work fast enough to do "day trading" but for those not in a huge rush the promise of 100% secure transactions with only minimal blockchain fees would be pretty appealing.

What do you guys think?

[ChuckOne]

S/he must be a Grandmaster of Cryptography.

That's an argument from authority. That's not how you prove things. Even if Schneider were to say "it looks ok" it doesn't matter much.   
You prove code by formally verifying it and giving your proof. Someone could post if anonymously and it still would be valid.  
There's always the possibility of bugs due to bugs in language implementation itself, or even hardware, but there's no way around that. 

Formal code verification is really hard and time-costly. Don't know how much worth the audit should be.

But, I fully agree.

Best proof of your statements: the bugfix versions of JL. If the code would be perfect, because the algo is, there would not be a 0.5.x just a 0.5.

[Come-from-Beyond]

What do you guys think?

Nxt provides another way to create "altcoins". It does make sense to implement such the feature for BTC-NXT trades... for next 2-3 years. But I doubt anyone will use Bitcoin in 2017.