NXT :: descendant of Bitcoin - Updated Information

[ChuckOne]

All I know is that the government can not stop crypto-currencies, aside from maybe shutting down the internet indefinitely, which isn't going to happen. And historically, anything the government bans, tends to drive UP the price. Fact: Something like 25% of the world's economy is black market. Crypto-currencies were MADE for the black market.

This always seemed weird to me.  I mean, the ledger of transactions is public after all.  To me it seems foolish to use a public ledger when funding illegal activities.  But perhaps I just haven't thought it through since I don't care about drugs.

People also use their phones to text drug deals... The government doesn't REALLY want people to stop illegal activities.  WAY too much money involved.

This is why I recommend to use a pigeon carrier for illicit activities.


Just kidding NSA, I don't even have a pigeon

Scared?

[Anon136]

All I know is that the government can not stop crypto-currencies, aside from maybe shutting down the internet indefinitely, which isn't going to happen. And historically, anything the government bans, tends to drive UP the price. Fact: Something like 25% of the world's economy is black market. Crypto-currencies were MADE for the black market.

This always seemed weird to me.  I mean, the ledger of transactions is public after all.  To me it seems foolish to use a public ledger when funding illegal activities.  But perhaps I just haven't thought it through since I don't care about drugs.

People also use their phones to text drug deals... The government doesn't REALLY want people to stop illegal activities.  WAY too much money involved.

This is why I recommend to use a pigeon carrier for illicit activities.


^{Just kidding NSA, I don't even have a pigeon}

if you dont think the nsa intercepts pigeons than your fooling yourself. go back to sleep sheep.

[fmiboy]

UPDATE: ClieNXT gui

Changelog: 0.0.4 [codename] easy click


* 1-Click usage, simple download https://bitbucket.org/fmiboy/clienxt/downloads/clienxt_004.zip and unzip, double click clienxt.jar
   (gui now downloads and unzips latest 0.6.1 version of NRS, detects if you placed nxt in lib folder if not, it will offer easy download and unzip. working to automate this to get latest update when available)

* added context menu for console (restart/stop server, remove/rename *.nxt files)
  (when get errors, simple restart, or rename blocks and transactions with back up)

* simple search of aliases, assets

* RUSSIAN language (non native speaker)
  (Russian speaking guys can now use gui easily, nb: Asset Exchange is not yet released)

* designed and implemented available APIs of Asset Exchange

-------------
Request features and report the bugs here, please: https://bitbucket.org/fmiboy/clienxt/issues?status=new&status=open
Note: please backup "lib/accounts.dat" file before upgrading, it holds your account list (watch list and account list)

any support is appreciated! welcoming translators...

13792774143018875909

edit: after 0.7.0 rename/remove *.nxt files feature will be removed

[Voluntold]

All I know is that the government can not stop crypto-currencies, aside from maybe shutting down the internet indefinitely, which isn't going to happen. And historically, anything the government bans, tends to drive UP the price. Fact: Something like 25% of the world's economy is black market. Crypto-currencies were MADE for the black market.

This always seemed weird to me.  I mean, the ledger of transactions is public after all.  To me it seems foolish to use a public ledger when funding illegal activities.  But perhaps I just haven't thought it through since I don't care about drugs.

People also use their phones to text drug deals... The government doesn't REALLY want people to stop illegal activities.  WAY too much money involved.

This is why I recommend to use a pigeon carrier for illicit activities.


^{Just kidding NSA, I don't even have a pigeon}

if you dont think the nsa intercepts pigeons than your fooling yourself. go back to sleep sheep.

Giant nets in Utah... LOL. They don't just have the power to intercept U.S. pigeons, they can intercept AND inject pigeons globally.

[VanBreuk]

Just posted and tweeted.

http://www.cryptocoinsnews.com/2014/02/07/nxt-decentralized-voting-system-twitter/

Edit - I'm also wondering why @NxtCrypto tweeted this page of otherwise cool forging statistics, but with the profits columns full of zeros...

[pandaisftw]

All I know is that the government can not stop crypto-currencies, aside from maybe shutting down the internet indefinitely, which isn't going to happen. And historically, anything the government bans, tends to drive UP the price. Fact: Something like 25% of the world's economy is black market. Crypto-currencies were MADE for the black market.

This always seemed weird to me.  I mean, the ledger of transactions is public after all.  To me it seems foolish to use a public ledger when funding illegal activities.  But perhaps I just haven't thought it through since I don't care about drugs.

People also use their phones to text drug deals... The government doesn't REALLY want people to stop illegal activities.  WAY too much money involved.

This is why I recommend to use a pigeon carrier for illicit activities.


^{Just kidding NSA, I don't even have a pigeon}

if you dont think the nsa intercepts pigeons than your fooling yourself. go back to sleep sheep.

Not if it's a stealth pigeon. With lasers.

[Passion_ltc]

Just posted and tweeted.

http://www.cryptocoinsnews.com/2014/02/07/nxt-decentralized-voting-system-twitter/

+1

[Voluntold]

All I know is that the government can not stop crypto-currencies, aside from maybe shutting down the internet indefinitely, which isn't going to happen. And historically, anything the government bans, tends to drive UP the price. Fact: Something like 25% of the world's economy is black market. Crypto-currencies were MADE for the black market.

This always seemed weird to me.  I mean, the ledger of transactions is public after all.  To me it seems foolish to use a public ledger when funding illegal activities.  But perhaps I just haven't thought it through since I don't care about drugs.

People also use their phones to text drug deals... The government doesn't REALLY want people to stop illegal activities.  WAY too much money involved.

This is why I recommend to use a pigeon carrier for illicit activities.


^{Just kidding NSA, I don't even have a pigeon}

if you dont think the nsa intercepts pigeons than your fooling yourself. go back to sleep sheep.

Not if it's a stealth pigeon. With lasers.

I thought stealth pigeon technology wouldn't be out for another couple of years...

[Mistafreeze]

All I know is that the government can not stop crypto-currencies, aside from maybe shutting down the internet indefinitely, which isn't going to happen. And historically, anything the government bans, tends to drive UP the price. Fact: Something like 25% of the world's economy is black market. Crypto-currencies were MADE for the black market.

This always seemed weird to me.  I mean, the ledger of transactions is public after all.  To me it seems foolish to use a public ledger when funding illegal activities.  But perhaps I just haven't thought it through since I don't care about drugs.

People also use their phones to text drug deals... The government doesn't REALLY want people to stop illegal activities.  WAY too much money involved.

This is why I recommend to use a pigeon carrier for illicit activities.


^{Just kidding NSA, I don't even have a pigeon}

if you dont think the nsa intercepts pigeons than your fooling yourself. go back to sleep sheep.

Not if it's a stealth pigeon. With lasers.

I thought stealth pigeon technology wouldn't be out for another couple of years...

NSA already has it..........they developed it.

[ZeroTheGreat]

Hi CFB,

I think I've got it now. The final result;

Another extra;

Awesome, man!

[fmiboy]

UPDATE: ClieNXT gui

Changelog: 0.0.4 [codename] easy click


* 1-Click usage, simple download https://bitbucket.org/fmiboy/clienxt/downloads/clienxt_004.zip and unzip, double click clienxt.jar
   (gui now downloads and unzips latest 0.6.1 version of NRS, detects if you placed nxt in lib folder if not, it will offer easy download and unzip. working to automate this to get latest update when available)

* added context menu for console (restart/stop server, remove/rename *.nxt files)
  (when get errors, simple restart, or rename blocks and transactions with back up)

* simple search of aliases, assets

* RUSSIAN language (non native speaker)
  (Russian speaking guys can now use gui easily, nb: Asset Exchange is not yet released)

* designed and implemented available APIs of Asset Exchange

-------------
Request features and report the bugs here, please: https://bitbucket.org/fmiboy/clienxt/issues?status=new&status=open

any support is appreciated! welcoming translators...

13792774143018875909

edit: after 0.7.0 rename/remove *.nxt files feature will be removed

some screenshots:








going to sleep now, good night europe!

[FandangledGizmo]

I like a NXT transaction fee of 0.1 for the short term.

We can really distribute NXT via give-aways and prizes to widen the community with a low fee in the short term.

People would be excited to receive 1 NXT but it costs 1 NXT just to make a transaction...
For a 0.1 NXT fee you can give away 1 NXT to a lot of people very cheaply, which I think could be useful in the short term.


In terms of defining what the NXT fee should be long term, What do you think of Bytemaster's approach? He is working on the idea now as he will be implementing POS with Bitshares

https://bitsharestalk.org/index.php?topic=1138.105

Some interesting ideas, not that I understand all of them...

Fortunately I have a solution that is fair for all and avoids price fixing.  When a miner uses their own coindays to secure the network, they get a percentage of the fees in that block proportional to percentage of the CDD they provided vs those provided by 3rd party transactions.   This means that dividends are earned when security is provided entirely by real network transactions and that mining fees are earned when security is provided by the miner using their own CDD to secure the network.  

This should motivate miners to consume as many CDD as they can as quickly as they can to earn the maximum fees and move the network along.  

The next question people may have is how will transaction fees be priced?   Minimum fee will be set such that if the blockchain was running a full capacity (512K per block) that 1% of the share supply per year would be earned as dividends.  Then I will adjust the fee like I adjust difficulty to maintain an average block size of 512K and a maximum block size of 1 MB.   So if demand picks up then so do fees and when demand falls below 512K below fees will fall back to the minimum.  

[FandangledGizmo]

Another extra;

Awesome, man!
[/quote]

That looks cool! Nice work!

[pinarello]

All,

People that have running projects other than marketing please let us know what your project is.

We want to have a view on all projects and consider bounty for them.

https://bitcointalk.org/index.php?topic=453935.new#new


for marketing projects please go here:


https://bitcointalk.org/index.php?topic=412243.msg4465984#msg4465984

[jl777]

Word of advice, try not to fly during big winter storms. I tried to buy wifi access with cash, but that is not allowed anymore they said. In USA it seems that cash is NOT "legal tender for all debts public and private". Does anybody know where I can complain about my USD cash banknotes not working anymore?

Cash is already not cash like it used to be. It is essential that we get zerocoin added to NXT as soon as possible. Bloodyrookie is making nice progress, I was thinking of hijacking the NXT injected flaws thread for our zerocoin posts. Doesnt seem to be too active nowadays anyway and in the process of figuring out how to add zerocoin, we could well stumble upon the injected flaw. CfB, please object if is NOT ok to start posting there regarding changes to NXTcore like zerocoin. I can only have so many tabs open in my browser and reaching limit, would be nice not to have more required tabs.

It seems I always miss the best buying chances, mtgox + russia ban -> BTC @ $619!

Congrats do Dr. Evil, aka Jesse James. Really like the names!

I believe I found a key architectural improvement that when implemented will dramatically boost NXT value and price. At least double, if not order of magnitude. At a high level, think of NXT as the IP protocol. At first, you couldn't do much more than send emails. Now, a little bit more. What this means to me is that if we give NXT core a few more critical abilities, document it well, then the number of NXT add-ons will become staggering.

So we need to make sure the barrier to entry for adding more functionality to NXT is as low as possible.

We make NXT extensible and provide key reference solutions. The current state of java doc for NXT almost makes me want to just start writing Java! Very nice. An experienced Java developer should have no problems in adding new functionality to NXT, but I think we need to have some intelligent way of determining what add-ons actually migrate into the core release and which ones remain as addons.

I might have figured out how raspis can keep up with 1000TPS (as long as they have bandwidth), but I am still not fully up to speed on blockchains so maybe it wont work.

Will post more as I catch up.

James

P.S. CfB, can we have a "credits" API call? I am thinking that like in the movies, they show credits and it of course starts with BCNext, CfB (+ maybe your devs if they want to come out of shadow), jean-luc, and now Doctor Evil/Jesse James. I have some "Puzzle" bounties I want to offer, and being added to the NXT credits API call would mean far more to the people who are able to solve these tough puzzles. Having that in addition to NXT bounty would maximize results.

[jl777]

I think from your list of possible features "anonymous transactions" would be the killer feature.

Not just the possibility to use some kind of mixing service, but actually changing pseudo anonymity to real anonymity. It is beyond me to say if this is possible, but if it is and gets implemented, NXT will explode (not (just) the price, but adoption, resources and everything else).

+1

And thanks for replying.

Zerocoin is better than plain mixing, making progress

[jl777]

First scatter plots and correlations from few days' TOP60 data.






Those plots present how the account's balance affects to the incomes ("forge efficiency").
In one pic is the earnt fees and in the other the paid fees are subtracted from fees.

Both correlations are not so strong, only 0.29. Reason is that there are big accounts, which have been emptied, having 0 NXT anymore or just the data hasn't got it yet. Hopefully those will disappear from the stats after some days/weeks

Nice stats! When NXTcash (zerocoin) testnet is launched, we will need guys with statistics knowledge to verify that no correlation of spending is leaking. It should only be possible to guess as accurately as random chance, so when NXTcash is being used by thousands of people, it becomes practically unfeasible to get any usable correlations. When hundreds of thousands of NXT'ers are using NXTcash, basically impossible to correlate anything.

Especially, if we put some mixing before and/or after the NXTcash stage.

James

P.S. If you can start thinking about how to setup a statistical test to validate annonymity that would be great. Planning on making transaction details super easy to parse so no time needs to be wasted in getting the raw data (on testnet only)

[farl4web]

Question:

Is it better to give 5, 10 or 20 Nxt to little good things you see regularly (expecting everyone else to do the same),

or;

Will people think that is insulting for their effort (maybe get pee'd off and stop helping?) so I should save up my Nxt till I see something "WOW!" and give a few hundred?

Opinions?

N.B.
I bought all my Nxt after the 28th Dec, first purchase was 0.00009. Bought more since so I am looking at just about break-even so far. Never sold a Nxt so far though and I can feel another purchase coming on! Tho probably on Dgex, grrr... thanks Graviton but you have already had your tips out of me!

Follow your heart! 

[jl777]

Please comment

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.

3. Some thoughts on some features and their implications:
- TF was and is our key ingredient in nxt. I have no clue at which state it is right now, who will develop all the core ingredients of TF (JL?) and how important it will be in one year
- bloated blockchain: although I was quite shocked about today's statements about the size of the blockchain, I see it more clearly now. First of all I think it is still bad because solar powered  RaspberryPis and AndroidTV sticks will not work for securing the nxt network in the future, IF we will get to a large TPS. The idea of thousands of raspberrypis working and securing nxt is dead. That's really sad because it was a really nice idea, especially marketing wise. Otherwise, I came to the conclusion that our chain should currently be measured with the same transaction amount as bitcoin has right now. And then, our block chain is cute and tiny.
- we are still very energy friendly, but the loss of raspberrypis in the future is a slap in the marketing face
- with lightweight clients, we are able to use nxt on every smartphone. BUT is this different and superior to BTC if we can’t actually forge with our phone? (Leasing forge power is not the same since we are not really part of the nxt network with the phone). When we implement block shrinking and parallel blockchains, we could shovel weight of the important transaction chain which means smartphones and raspberrypis could work longer for nxt (until how many TPS? I have one clue)
- SMS gateway (bounty by CfB) must be developed (eg Africa is using SMS as some sort of currency). This would be a really nice feature, especially for marketing
- do we need turing stuff? if we have the resources to develop this (i don’t want CfB to waste his energy if this is a nice, but not a must have feature or if this feature would make some other features impossible (like high TPS or no bloated blockchain)), let’s do it. it is nice marketing also.
- High and fast TPS is important for a special target audience (professionals like people relying on VISA). It was advertised big since the beginning. if we are able to keep this promise, then we must do this. or we also should look at the possibility of hight TPS if we implement other features which might interfere with hight TPS.
- anonymous transactions is a freaking HUGE opportunity. if we can tackle this, then, absolutely, let’s do it.
- decentralized exchange and colored coins are a must.
- CfB states many times that it is easy to implement new features in nxt. I am no dev and just have to believe him. It should always be easy so nxt can adapt to new ideas and technologies.

some features are implemented, some are discussed, and some are plain ideas. We should discuss where nxt is heading to get a clear view what should be implemented in the next months. We should discuss all ideas and get an overview WHO will develop which services or features. And we should make a clear distinction between service providers (which uses nxt) and nxt features (which build nxt). and we should always be aware of paradox decisions (like 1000000TPS and mini blockchain for example). Now I have no clue who is responsible for what. I have a fear that many things just don’t get done because of diffusion of responsibility (Google it). I hope i’m wrong.



Maybe I forgot many major things, but it is a starting point.

-

All the written stuff above could be total bullshit, because I'm no programmer and have difficulties to keep up with all the stuff what's going on in the nxt ecosystem.

I sincerely hope that I get some comments from devs, idea makers, marketers, ... And I hope we get a discussion started about target audience, features and what is the meaning of nxt.

Please respond (think about diffusion of responsibility if you don’t want to click “reply”).

tl;dr invest in doge.

Somebody more organized than me needs to make a list of all the previously announced features that are not already done and create a Projects list. Then, we can see which ones are being done by whom. Duplication is not necessarily bad, but if it makes sense to this list will make cooperating much easier. Whenever possible, the estimated timeframe for next release step should be there.

You know, just basic project management by publishing all the separate things we want, who is on it and when they expect the next step to be achieved. If something has nobody working on it, then the first step is to get someone working on it or even earlier when it is specified enough so someone can start working on it. If someone is working on it, they will hopefully post when the first (alpha) release will be. If already alpha, then when beta is, etc.

For example, I am not exactly sure if Account Control is full specified, who is working on it and when to expect it.

This does not require technical skills to keep updated, you can have the technical text provided by others. Then on a regular basis, the entire list can be posted here so everybody can at a glance see where NXT development is.

James

P.S. I repeat that we should do everything since it is just a matter of keeping the project list updated. Private projects belong on this list too, as long as they will be opensourced.

[pandaisftw]

James, has anyone been successful in contacting anyone from the zerocoin/cash team?