NXT :: descendant of Bitcoin - Updated Information

[opticalcarrier]

i have a question about passwords. If you have a weak password your coins will be stolen, because of the rainbowtable guys. But isn't it true that when these rainbow guys try to bruteforce an account. And every time they enter a non-existing passwords then each time a new account is created within next?

So if you create a new account with a weak password you probably access an already created account which was bruteforced earlier. There are ofcourse no coins in these accounts so you think they are new. Is there no way to signal that you are entering an already existing account? So you know that you should not send coins to this 'new' account

 

if you open in already used account you will see transactions

[BitcoinForumator]

 

http://www.youtube.com/watch?v=NI9z7gMpeE4

[^[GS]^]

You gotta fly fast and high to reach top miners

   Total: Fee earned 701996 NXT   
6483973064837388393 has mined 163299 NXT.
The 2nd is     4747512364439223888    with 101830 NXT.
In the table below is the top "miners" and their cumulative NXT amount and cumulative percentages.


In the forum was yesterday a nxt balance distribution: top100 has 82.7%
https://bitcointalk.org/index.php?topic=345619.msg5034054#msg5034054
 
In mining/forging the distribution is worse: 4 accounts have mined 56.7%, 28 accounts have mined 90%, and 98 accounts 99% and 400 accounts 100%.



    Fee Earned       %                     TOP accounts
    cumulative  cumul.

   163163   23.2                6483973064837388393
   253458   36.1                4747512364439223888
   334469   47.6                12692935506199079028
   398066   56.7                9433259657262176905
   433008   61.7                2159498187382012684
   458350   65.3                2584657662098653454
   480373   68.4
   501797   71.5
   516684   73.6
   528616   75.3
   540357   77.0
   551740   78.6
   562741   80.2
   571905   81.5
   579116   82.5
   585703   83.4
   591579   84.3
   597233   85.1
   602481   85.8
   606923   86.5
   610916   87.0
   614900   87.6
   618815   88.2
   622026   88.6
   625180   89.1
   628267   89.5
   631337   89.9
   634377   90.4





Is that 6483973064837388393 some special account?
 it has had at maximum ~ 3 Million NXT, but it has earned fees almost double than those 50 Million's accounts.

Yeah, I've seen! so we need as much possible NXT to forge continued.
So far are two empty blocks, yesterday.

[gvans]

Is that 6483973064837388393 some special account?
 it has had at maximum ~ 3 Million NXT, but it has earned fees almost double than those 50 Million's accounts.

I recall this was mentioned way back when alias-system was implemented and the rush for potentially profitable aliases started. For some reason, intentionally or by mistake, someone had set an enormous fee like over 100000 nxt to get just one alias. And one lucky guy, can't remember who it was but one of the active ones here, he was just lucky enough to forge that crazy fee.

[intel]

I hope NXT Asset Exchange 'll not have a hole which XCP have.

Anyone can place an order which is not backed by any deposited instrument:

http://www.blockscan.com/order_book.aspx  (somebody please do the screenshot).

The issue discussion is here: https://forums.counterparty.co/index.php/topic,69.0.html

[rickyjames]

Somebody (apparently a founder of QixCoin) really doesn't seem to like Etherium.  Here are some of his main criticisms, interesting to consider from a NXT point of view:

https://bitslog.wordpress.com/2014/01/17/ethereum-dagger-pow-is-flawed/

https://bitslog.wordpress.com/2014/02/05/changes-in-ethereum-scripting-language/

[Anon136]

http://www.youtube.com/watch?v=NI9z7gMpeE4

0% chance that isnt satire or trolling. No one who wished to be taken seriously would present themselves in such a manner.

[Anon136]

I hope NXT Asset Exchange 'll not have a hole which XCP have.

Anyone can place an order which is not backed by any deposited instrument:

http://www.blockscan.com/order_book.aspx  (somebody please do the screenshot).

The issue discussion is here: https://forums.counterparty.co/index.php/topic,69.0.html

Thats not a flaw. How do you prove to the network that you own the stock certificates that you issue an asset for?

[lucky88888]

CfB cut your sell on bter in smaller chunks please...

don't you have a trade robot

I'm in BTC now. Thinking how to buy without driving the price up too much...

Well you can start here. somebody is pissed and wants out with 500K

0.00007280      448,341.590   32.63926775

This wall has been eaten up on Bter just  now.  

[mezzovide]

CfB cut your sell on bter in smaller chunks please...

don't you have a trade robot

I'm in BTC now. Thinking how to buy without driving the price up too much...

Well you can start here. somebody is pissed and wants out with 500K

0.00007280      448,341.590   32.63926775

This wall has been eaten up on Bter just  now.   

aaaaanddddd its gone...

[colorfish]

UPDATE: ClieNXT GUI

version 0.0.5 [code name] AE testnet

* this version solely works with testnet server http://holms.cloudapp.net:6874/
* Asset Exchange window has major features

------
Download
------
https://bitbucket.org/fmiboy/clienxt/downloads/clienxt_005.zip


------
Usage
------

* Windows users unzip the archive and run Clienxt.jar file
* Linux users unzip the archive and run in terminal ./clienxt.run &
* Mac users unzip the archive and run in terminal ./clienxt.run & (not tested, working on creating *.app file or *.pkg installer)

* Languages English, Russian only Asset Exchange window translations are missing.

NB: don't use your own accounts on "testnet"

click Unlock button to open new or existing accounts on "testnet" (unlock and watch if you have more accounts)
go to Asset Exchange window and start Trading

------
Screenshots
------
All available Assets
https://dl.dropboxusercontent.com/u/9726875/aeTestnet1.JPG

Issue Asset (fill all fields and Issue Asset, min. fee 1000)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet2.JPG

Transfer Asset (select account that is added in Unlock window, it will detect all available Assets with their amount, fill rest fields and Transfer Asset)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet3.JPG

My orders (all Ask and Bid orders for selected account)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet4.JPG

Context menu (select any Asset and right click)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet5.JPG

View Open orders (for selected Asset)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet6.JPG

Place Order (ask or bid order for selected Asset, enter price 100 that will be considered 1, minimum price is 100)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet7.JPG

Cancel Order (in My orders, you can select your order and right click to cancel order)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet8.JPG

Cancel order window (requires only secret Phrase of account that placed same order)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet9.JPG

Trade history (history of all trades for selected Asset)
https://dl.dropboxusercontent.com/u/9726875/aeTestnet10.JPG


Please report bugs or feature request here: https://bitbucket.org/fmiboy/clienxt/issues?status=new&status=open
Once client is tested, we can use it tomorrow without an issue!
Translators are very much welcome! The more languages we have the more people test Asset Exchange tomorrow.

Translators can find word list in Bundle.Properties (everything right side of "=" needs translation) here: https://bitbucket.org/fmiboy/clienxt/src/0a35a05b7786b2c3cf1e69ca16c0bbd48d8f953c/src/clienxt/Bundle.properties?at=master

If you like my work, donate nxt 13792774143018875909 and thank you very much for all supports.

Good job.
I have translated it and post on China Forum.
http://nxts.info/forum.php?mod=viewthread&tid=30&extra=page%3D1

[msin]

Just sent out some Nxt using tipNXT.com, worked great, I trust Passion_ltc but used a smaller Nxt account to make the transfers just in case.  Great work Passion_ltc!

[pinarello]

CfB cut your sell on bter in smaller chunks please...

don't you have a trade robot

I'm in BTC now. Thinking how to buy without driving the price up too much...

Well you can start here. somebody is pissed and wants out with 500K

0.00007280      448,341.590   32.63926775

This wall has been eaten up on Bter just  now.   

aaaaanddddd its gone...

500K buy without price movement

[MarvellousMutant]

What we do need is as many clients as possible forging. This will secure the network, and more importantly improve the bandwidth of the network.
Using pools is the wrong direction. I do not think its a good idea to make the effective_balance leaseable. This will only lead to centralization and only a few clients beeing online the whole day.

Instead, lets try to built a system were the top X forgers of each block get equally paid out. This should be doable without pools:
As transparent forging allows us to determine the next forger, it would also allow us to determine the top X forgers for each block.
Have the fee split among them accoring to their 'contribution'.

Example:
Through Transparent forging, the network knows, that

Account A will forge the Block in 30 Seconds
Account B could forge in 50 Seconds
Account C could forge in 55 Seconds

The fee of this Block is 100 Nxt.

So A will get 46.5 Nxt, B will get 28 Nxt and C will get 25.5 NXT (rounded).


This could be extended to X accounts where X is the number of accounts forging for at least Y blocks in a row. For example, set Y to 5 to have the blocks rewarded forging for at least five blocks.

Edit: Added to the proposal page on the wiki. Feel free to discuss, comment, edit there.

[erik__]

What we do need is as many clients as possible forging. This will secure the network, and more importantly improve the bandwidth of the network.
Using pools is the wrong direction. I do not think its a good idea to make the effective_balance leaseable. This will only lead to centralization and only a few clients beeing online the whole day.

Instead, lets try to built a system were the top X forgers of each block get equally paid out. This should be doable without pools:
As transparent forging allows us to determine the next forger, it would also allow us to determine the top X forgers for each block.
Have the fee split among them accoring to their 'contribution'.

Example:
Through Transparent forging, the network knows, that

Account A will forge the Block in 30 Seconds
Account B could forge in 50 Seconds
Account C could forge in 55 Seconds

The fee of this Block is 100 Nxt.

So A will get 46.5 Nxt, B will get 28 Nxt and C will get 25.5 NXT (rounded).


This could be extended to X accounts where X is the number of accounts forging for at least Y blocks in a row. For example, set Y to 5 to have the blocks rewarded forging for at least five blocks.

I don't really like the idea of Nxt pools either.  A simpler option may be to give a higher forging chance multiplier simply for being a unique node.  I know the pools can split their stake as much as they want, but they have to pay fees to do so, and for many people it's too much of an administrative hassle to bother.

[MarvellousMutant]

What we need is as much bandwidth as possible. But we also need this bandwidth to be distributed to as many peers as possible in order to be less dependent on single forgers.

Your idea of diminishing return for multiple Nxt on the same IP is one way to reach that goal.
But i think, that each Nxt should have the same forging power. Everything else will result in people feeling betrayed. Also it might be possible to game such a system.

My solution does not garuantee high and distributed bandwidth. But it gives incentive to forge even for smaller balances (of course only possible with fractional NXT).


Of course it is impossible to forbid pooling. But if the protocol would distribute rewards more evenly, they would become obsolete..

[allwelder]

UPDATE: ClieNXT GUI

version 0.0.5 [code name] AE testnet

* this version solely works with testnet server http://holms.cloudapp.net:6874/
* Asset Exchange window has major features

------
Download
------
https://bitbucket.org/fmiboy/clienxt/downloads/clienxt_005.zip

Good job.
I have translated it and post on China Forum.
http://nxts.info/forum.php?mod=viewthread&tid=30&extra=page%3D1

great translation.

[Eadeqa]

No news on nexern's client?

[chinabreak123]

nxt is become stronger

[l8orre]

Hey NXT'ers,

thanks to the kind support of BaiMangal, we can most probably release an ALPHA version of the nxtFreeRider late today on www.quicknxt.com

 Status is like this: The backend is api implementation is good, but the Use Case implementations have a long way to go. I will put a huge disclaimer onto the mainwindow, explaining that it is alpha software, and that the primary intention of this early release is to provide a fully open source python3/PyQt implementation of the nxt API, and that the use cases that are included will be extended and improved.

I have put a massive amount of work into this over the last weeks, but having an api implementaion is one thing, and providing foolproof and watertight user experiences is another task, that just requires a lot of further work to be put into it.

In order to maintain momentum and to provide the first fully open sourced python implementation of the nxt api, I'll proceed with the release, and then continue the development with primary focus on the asset exchange.