NXT :: descendant of Bitcoin - Updated Information

[jl777]

Maybe we could create an asset organisation in some exotic liberal country? Would you pay me for living in Seychelles or in Panama?

If one were truly committed to creating a NXT/Fiat gateway... the best way to go would be through a Belize International Business Company (IBC) that is owned by a Belize Trust.

Here is how you do it:

a. You create the Belize Trust (Trustees, Beneficiaries, etc.)
b. The Trust incorporates the IBC; thus the Trust is the owner of the IBC and not the beneficiaries of the Trust.
c. IBC creates a business presence online (website, NXT Asset Exchange gateway, etc.)
d. All bank, merchant, exchange, etc. accounts are opened by the IBC.
e. Belize bank account is in $.
f. The physical address associated with all accounts is the corporate address of the IBC.
g) There is NO TAX for income earned from IBCs outside Belize.

You are looking at $1500-2000 to set this up and around $1000 yearly expenses to renew the Belize contracts.


And YES... it is all COMPLETELY LEGAL!!!  

BUMP

Ripple already exists. That seems to be its role in the crypto economy. In order to accept fiat, you need to follow all the rules. The ripple gateways already deal with all their local regulations.

So, if you need to convert NXT into fiat (or vice versa), convert NXT -> BTC, then you can send BTC into ripple via any of the gateways that support bitcoin (bitstamp, peercover, justcoin, dividendrippler, etc). Then you can sell the BTC within ripple for fiat or just use the convert function. You will have to convert to a fiat that you have an account with, so Chinese ripple gateway (rippleCN or ripplechina) if your fiat is called CNY, USD gateway for USD (bitstamp, Snapswap), EUR (not sure, maybe justcoin?).

I got an estimate that it takes about $5 million in fees and/or bonds to be able to even START dealing with cypto in USA.

I doubt any individual has the inclination or financial wherewithal to deal with so much headaches, especially since ANY incomplete form on ANY customer can easily have the police banging on your door at 3AM.

Welcome to the war on bitcoin, american style. Say it is all fine and legal and then make it virtually impossible for anybody to do it. At least in Russia, the govt is upfront about how they feel.

James

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[Rycco]

Guys,

I'd like to know if NXTio.org is trustable and if I can keep my NXTcoins there. Do you recommend it?

Thanks,

[NxtChoice]

It's the first coin that Huntercoin introduces game into blockchain, which got so many interest by the players this week. So I'm wondering whether anyone can fork a chain for the similar game based on Nxt AS, and I can donate at least 20K Nxt for it.

https://bitcointalk.org/index.php?topic=435170.0

[EvilDave]

hi, just wanna ask, is this nxt-e.com launched by u guys?

https://bitcointalk.org/index.php?topic=453580.0

Nxt funding should reward nxt-e.com if it run normally,whether whoever is the owner.
It provide another platform of exchange Nxt,and this is good for Nxt liquidity.

Maybe I'm too paranoid these days, but this nxt-e IPO seems suspicious.
Could U check them out a bit more for us, Allwelder, someone said the guys behind it were Chinese, AFAIK.

[jl777]

@wesleyh
If you try to run NxtMac on a computer that was already running it, the old java has already bound to the ports. I have to manually kill the old java process. Might be a good idea to have initialization check for not being able to bind port and offer to kill the old java

[mcjavar]

RaspNXT - a standalone NXT environment for the Raspberry Pi

UPDATE 2014-01-08: NXT 0.5.3 coming soon
UPDATE 2014-01-05: NXT 0.5.0 cancelled
UPDATE 2014-01-02: NXT 0.4.8, update script, blockchain-less



This package contains the current stable version of the NXT server and the Embedded Version of Oracle JRE that you can run on your Raspberry Pi as-is. You can get it from my public node server (hash checksums coming soon). This archive contains most of what you might need, including some helpful utilities and scripts.
If you have the JRE already or insist on using another one, try this archive. Both links always link to the newest version of the package. You can get older versions or other stuff from the nxt root of the server.
Notice: Unlike the initial version, there are no block files in this version of the package. This reflects the makeup of the main NXT releases, which are now also blockchain-less. If you would rather use a basic blockchain to update from, but don't have one yet, you can download one of these.

To download and run it on the Pi, do the following steps in a local or remote console. I assume you have the Pi up and running already, using e.g. Raspbian. I myself am using Raspbian, however, the package should also work with other distributions.

Code:

wget http://109.230.224.65/~nxt/nxt_rasppi.tar.gz
tar -xpf nxt_rasppi.tar.gz
chown -R *youruser*:*yourgroup* nxt/
cd nxt
ln -fs webapps/root/WEB-INF/web.xml configfile
./run_nxt.sh

I now have incorporated my public node update script into the package. Called automatically by the run script before starting the JVM, it fetches a list of well-known public nodes and puts them in your config.

You can tweak the JRE call in the run_nxt.sh script if you want. After some testing with the new version, I have found that not that much memory is needed.
Also, I put a symlink in the rootdir called configfile which leads to the web.xml file, for easier access.

I recommend running the server in some sort of backgrounding context, as it is basically a daemon. Use a multiplexer like screen or at least use nohup. For a more comprehensive guide on setting this up, I recommend this how-to which also references this package.

If you want to access the client from another machine - which you probably do want when starting the server or using the Pi as a whole remotely - remember to put your accessing IP or the "*" wildcard (no quotes) as allowed addresses in the configfile.

Have fun with it, and feel free to post some impressions of RaspNXT on your RPi

Will there be an update of this package? I am having a cubietruck.

[IveBeenBit]

I'm not sure if this has been posted yet, but any of you interested in setting up a scripting language on top of Nxt, or DACs or whatever should read this thread:

http://www.reddit.com/r/IAmA/comments/1xb5rj/hi_were_the_ethereum_founding_team_ask_us_anything/

It's an AMA from 3 of the big names on the Etherium team. Those of you thinking about implementing something along these lines into Nxt can also probably post some questions to them that may help you get it done in the Nxt space.

Please share the link or repost it where more people can see it, as we all know how easy it is to miss something in this crazy thread.

[lucky88888]

HAS ANYBODY HERE FORGED any blocks yet? If you have you may be eligible to win 1,000nxt

Head over to this thread here for more info: https://forums.nxtcrypto.org/viewtopic.php?f=2&t=744&p=3548

[jl777]

I'm not sure if this has been posted yet, but any of you interested in setting up a scripting language on top of Nxt, or DACs or whatever should read this thread:

http://www.reddit.com/r/IAmA/comments/1xb5rj/hi_were_the_ethereum_founding_team_ask_us_anything/

It's an AMA from 3 of the big names on the Etherium team. Those of you thinking about implementing something along these lines into Nxt can also probably post some questions to them that may help you get it done in the Nxt space.

Please share the link or repost it where more people can see it, as we all know how easy it is to miss something in this crazy thread.

Thanks for link it led to "indistinguishability obfuscator"
It led to http://www.wired.com/wiredscience/2014/02/cryptography-breakthrough/

********** key excerpt
Sahai and Waters proceeded to show that their indistinguishability obfuscator seems to offer much of the all-encompassing cryptographic protection that a black box obfuscator would offer. It can be used, for example, to create public key encryption, digital signatures (which enable a website to convince its visitors that it is legitimate) and a laundry list of other fundamental cryptographic protocols, including two major ones that were previously unsolved, functional encryption and deniable encryption.

The team’s obfuscator works by transforming a computer program into what Sahai calls a “multilinear jigsaw puzzle.” Each piece of the program gets obfuscated by mixing in random elements that are carefully chosen so that if you run the garbled program in the intended way, the randomness cancels out and the pieces fit together to compute the correct output. But if you try to do anything else with the program, the randomness makes each individual puzzle piece look meaningless.

This obfuscation scheme is unbreakable, the team showed, provided that a certain newfangled problem about lattices is as hard to solve as the team thinks it is. Time will tell if this assumption is warranted, but the scheme has already resisted several attempts to crack it, and Sahai, Barak and Garg, together with Yael Tauman Kalai of Microsoft Research New England and Omer Paneth of Boston University, have proved that the most natural types of attacks on the system are guaranteed to fail. And the hard lattice problem, though new, is closely related to a family of hard problems that have stood up to testing and are used in practical encryption schemes.

******

If I understand it correctly, this means that NXTplugins can indeed be implemented in such a way that it can be trusted even though it runs in a different process from NXT core. I dont claim to understand any of the maths, but it does sound very promising that long term there will be such solutions available.

Even if we get less advanced NXTplugin architecture in the short run, we just need to limit its usage to real world actions that wouldnt be disastrous if it didnt happen or went wrong, eg. making posts on website.

James

[jl777]

For anybody that thinks that NXT VM is an optional thing, please note OT (Open Transactions) will be working closely with (literally sharing offices?) etherium.

Also
****
Stage 1 is to develop the protocol and refine the contract, fee and security model. Stage 2 is to build the reference client. Stage 3 is to develop the application ecosystem. I would love to see gambling, OT, Ripple, voting systems, wall street contracts and trading system as well as DAOs living on our blockchain and in our app store at launch. I'd also love to see an online game using Ether as an ingame currency.
{Charles}
permalinkparent
[–]Timmerish 2 points 3 hours ago
Are you saying that Ethereum itself will build those applications (gambling, OT, Ripple, etc)? Or that you're hoping other people will build them?
Also, are you saying Ethereum itself will build an app store? What will that look like?
permalinkparent
[–]MihaiAlisieEthereum core team 4 points 2 hours ago
The (D)app store will be like a plugin module/function for the reference clients. Just think of clicking a button, and then looking through a selection of Dapps that can extend the functionality of your wallet to pretty much anything from encrypted chat via Bitmessage to drag-n-drop decentralized file storage. Easy.
permalinkparent
[–]ethereumcharlesEthereum core team 4 points 2 hours ago
We are building the app store and it is inspired from the chrome and android stores. We would love to partner with the bittorrent guys on some things for that store. In terms of who builds the apps, some we make ourselves, some our partners make and some organically come.
****

It is mission critical for us to make sure NXTlayers are implemented, preferably with a NXT plugins solution

James

[lucky88888]

WHO OPERATES NXT BLOCKCHAIN EXPLORER?
If you know him, please send him a pm.

http://87.230.14.1/nxt/nxt.cgi?action=10

It is still on version 0.5.11, update it please.

[msin]

WHO OPERATES NXT BLOCKCHAIN EXPLORER?
If you know him, please send him a pm.

http://87.230.14.1/nxt/nxt.cgi?action=10

It is still on version 0.5.11, update it please.

It's nexern

[ATC]

NXT Vote on Transaction Fees seems no longer discussed.  So... my final tally:

Fee Amount

Votes

0.000001	1
0.001	2
0.01	10
0.05	1
0.055	2
0.1	37
0.25	2
0.1	7

Mean: 0.184870983870968
Median: 0.1
Mode: 0.1

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

Google Doc:
https://docs.google.com/spreadsheet/ccc?key=0Akjrt0LTBXgcdFFkSGMwXzd4Q2NPU21yU2NOYWVldlE&usp=sharing

This marks the end of my tally.  If someone else wants to continue, I can give permissions on the google doc.  Send me a PM.

Cheers!

I would say we finish this and implement the 0.1 NXT fee.

we should continue to vote.
I think Nxt transaction fee is too little,we may need increase fee to let the nodes be willing to run for fees.

You can send 100 Nxt as tx fee when you do transaction.

As we all know, BTCChina boosted the tx volume after they ignored tx fee. So you know it that the decrease of Nxt tx fee will also boost more and more application and tx volume, and I think the forger won't get too little.

[Fatih87SK]

Another extra;

https://i.imgur.com/Bz6KfAv.jpg

Awesome, man!

That looks cool! Nice work!
[/quote]

Thanks guys!

[allwelder]

Winter Olympics in Sochi Russia leave a circle for  Nxt .
https://www.dropbox.com/s/8hxexcdwfpwkcb4/winter.jpg

[Anon136]

NXT Vote on Transaction Fees seems no longer discussed.  So... my final tally:

Fee Amount

Votes

0.000001	1
0.001	2
0.01	10
0.05	1
0.055	2
0.1	37
0.25	2
0.1	7

Mean: 0.184870983870968
Median: 0.1
Mode: 0.1

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

Google Doc:
https://docs.google.com/spreadsheet/ccc?key=0Akjrt0LTBXgcdFFkSGMwXzd4Q2NPU21yU2NOYWVldlE&usp=sharing

This marks the end of my tally.  If someone else wants to continue, I can give permissions on the google doc.  Send me a PM.

Cheers!

I would say we finish this and implement the 0.1 NXT fee.

we should continue to vote.
I think Nxt transaction fee is too little,we may need increase fee to let the nodes be willing to run for fees.

Sometimes, less is more.
With NXT being able to be used for more than payments, we need to make sure we are not pricing the usage too high. We could very well end up with higher forging per block with a lower minimum fee!

Basically, 99% taxation appears to get a much higher tax revenue than 10% taxation. however, the higher rate kills any economy while the lower rate could easily generate more than 10 times the revenues.

James

I really think 0.1 is perfect. we need some discouragement from people spamming the blockchain but at this point forgers should be doing it because they care about the network. not because they are making some spare change.

[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

[lucky88888]

Hello fellow nxters! and nxters soon to be!

Proudly Presenting you: A Nxt Forging Competition, where the lowest amount of balance that a person forges wins!

I will host this first competition and may host further competitions after this if i have time and money.
I hope that this will become one of our traditions in nxt and i hope one day we will have someone able to forge something with a single nxt in their balance!

REWARDS:1000nxt+Donations ( Donations to 1102421650298945743 )
Time: Competition starts after Block 59500, Expires after 20,000 blocks @ 79,500 and winner will be announced.

All entries shall be submitted in here: https://forums.nxtcrypto.org/viewtopic.php?f=2&t=744
Any entries elsewhere will not be counted.

I am promoting forums.nxtcrypto.org and promoting nxt forging. I am just a random person, i just thought people wanted to move from btt to forums.nxtcrypto.org.
For more infos please visit https://forums.nxtcrypto.org/viewtopic.php?f=2&t=744

And we have our first entry @ 10,007nxt!  

  For those still forging but have a higher balance, you still have a chance, but you have to lower your balance to less than our current high(low)score in order to be eligible, simply transfer some nxt out to another account of yours, or do some good deeds like donations!

[jl777]

I found an SMTP server in Java: https://code.google.com/p/subethasmtp/

I want to offer a bounty of 20000 NXT to modify it to become a hardcoded NXT plugin proof of concept, NXTsmtp

The goal is to get this to where we can submit it to jean-luc for inclusion in an upcoming release, without making him yell at us for sending him junk

For now, there is too much that is undefined, so I just want a few simple things. Need a way to make its input be contained within an AM. For now we can limit to 1000 byte message + destination. The idea is that at some point in the future, there will be NXT VM scripts that output an AM which should trigger sending an email.

A reasonable format needs to be defined for the AM, to start with I am thinking a code for plugin ID, followed by size, followed by plugin specific data. Since we havent defined the layers yet, any well defined format is fine. We will just tweak it when we get better format definitions. A way to create the AM from text file is also needed and this code is intended to be included in clients, eg. read text file, format AM data, submit AM.

The second part is to figure out where in the NXT core we need to put a check for AM triggered plugin invocation. This code also needs to get a transaction ID (which would be the hash of content and email address) and put it into the blockchain so all the nodes can verify it was sent from the forging node.

I am not sure if subethasmtp is a totally self-contained smtp implementation, if it is not, we cant use it for hardcoded NXTplugin. If it turns out that the subethasmtp is not suitable or there is a better one, then please find and use the better one. I am not sure how many people want a decentralized way of sending email, especially when any node can read it. This is my attempt at getting a reference implementation for a hardcoded plugin. No need to worry about encrypting/decrypting AM that contains email.

James

P.S. I also authorize 500 NXT bounty for the first 10 NXTplugin ideas with corresponding source code that does anything remotely useful, eg. you can think of a situation where you would actually use it. Submissions need a description of the idea and when you would use it and URL to source.

[^[GS]^]

Peer of NXTio.org is Rank 11 in https://www.peerexplorer.com/index.php

https://nextcoin.org is down again

EDIT: https://nextcoin.org comeback!