NXT :: descendant of Bitcoin - Updated Information

[jl777]

doge needs marketing because it has no substance. we dont need marketing because we do have substance. granted we need to communicate the relevant facts about nxt in a calm and orderly fashion to those who are not aware of those facts. i suppose you could call that marketing. but this is what marketing means to doge, http://www.youtube.com/watch?v=H3oiThw2RxE this we absolutely do not need.

Agreed their marketing "way" is different from ours but the simple task of educating people regarding Nxt existence is not.

+1

I have friends at school that know hardly anything of BitCoin, but have learned of DOGE as a result of all the marketing they have done.

I tell them NXT, and they are like "what?"  

NXT needs to be something for everyone, not just the techies. Something that everyone wants to use. Marketing can come in all ways, shapes, and forms. Of which DOGE has done so successfully so far.

I totally agree. Doge is just simple and integrated or even a product of the "simple" online community (funny memes etc.).

I don't say that we should do the same, but it is troubling, that this concept works much better than a serious one like ours...

NXT currently does not have much more than DOGE as far as the end user is concerned, some can argue NXT has less. Actually, the market currently is saying NXT has about half of what DOGE has, this is primarily due to olympics fever, but even before that DOGE and NXT were trading at close to dilution parity.

Of course, this will change dramatically in the coming months, but until NXT actually has things the mass market wants, it will remain where it is. With DOGE, all they can do is compete against LTC and then BTC. With NXT, we can make it so that none of the firstgen coins can come close. long term, NXT only worries about rival second gens, like etherium.

[martismartis]

What does error mean in 0.7.2:

DEBUG: Block XXXXXXXXXXX not accepted. Previous block id doesn't match.

Getting these errors on TV stick public node.

[landomata]

There is no way Nxt is going to catch dodge until basic things are rolled out.

(1) A light easy to use client
(2) The  native client ability to sign transaction and broadcast them to a public node so people don't have to download Java and run NRS

Without these two things, forget about anyone outside tech nerd using Nxt.

We have "huge" big projects but basic functionality is missing

It's coming.

Well, the priorities are screwed up. Roll out local signing of transaction before AE

As things stand, Nxt isn't even usable on a mobile device as you can't send money from a phone without sharing your password with untrusted third-party node.

It seems the little things don't get as much attention as the headline grabbers but these little things do add up.

[wesleyh]

There is no way Nxt is going to catch dodge until basic things are rolled out.

(1) A light easy to use client
(2) The  native client ability to sign transaction and broadcast them to a public node so people don't have to download Java and run NRS

Without these two things, forget about anyone outside tech nerd using Nxt.

We have "huge" big projects but basic functionality is missing

It's coming.

Well, the priorities are screwed up. Roll out local signing of transaction before AE

As things stand, Nxt isn't even usable on a mobile device as you can't send money from a phone without sharing your password with untrusted third-party node.

It seems the little things don't get as much attention as the headline grabbers but these little things do add up.

I'm waiting for an official sanctioned way by CFB on how to do local signing of transactions.

[jl777]

There is no way Nxt is going to catch dodge until basic things are rolled out.

(1) A light easy to use client
(2) The  native client ability to sign transaction and broadcast them to a public node so people don't have to download Java and run NRS

Without these two things, forget about anyone outside tech nerd using Nxt.

We have "huge" big projects but basic functionality is missing

It's coming.

Well, the priorities are screwed up. Roll out local signing of transaction before AE

As things stand, Nxt isn't even usable on a mobile device as you can't send money from a phone without sharing your password with untrusted third-party node.

It seems the little things don't get as much attention as the headline grabbers but these little things do add up.

I'm waiting for an official sanctioned way by CFB on how to do local signing of transactions.

I thought we had four variants of JS signing. Is there more you need?

[Come-from-Beyond]

CfB

What happens when you issue the same asset a second time? Does it issue more of the same asset or replace the total amount of asset. Also, is the 1000NXT fee apply to only the first issue asset?

James

2nd tx is supposed to be rejected.

[Isildur23]

There is no way Nxt is going to catch dodge until basic things are rolled out.

(1) A light easy to use client
(2) The  native client ability to sign transaction and broadcast them to a public node so people don't have to download Java and run NRS

Without these two things, forget about anyone outside tech nerd using Nxt.

We have "huge" big projects but basic functionality is missing

It's coming.

Well, the priorities are screwed up. Roll out local signing of transaction before AE

As things stand, Nxt isn't even usable on a mobile device as you can't send money from a phone without sharing your password with untrusted third-party node.

As far as i understood from BCnext's vision the idea is to create coins on top of Nxt that will be used for sending money from phones (and not only) and there won't be a "trust" issue with those coins.

[bitcoinpaul]

I'm waiting for an official sanctioned way by CFB on how to do local signing of transactions.

So what is the status of local signing right now?

[jl777]

CfB

What happens when you issue the same asset a second time? Does it issue more of the same asset or replace the total amount of asset. Also, is the 1000NXT fee apply to only the first issue asset?

James

2nd tx is supposed to be rejected.

Then how can you increase the total amount of Asset??
If someone had silver coins that he wanted to issue and he wanted to have them 100% backed, he could only issue the number of coins he had at the time he creates the Asset.

OK, so now he gets more coins. Is he supposed to create Assset.2 and pay another 1000NXT?

Why hasn't anybody complained about this?

[wesleyh]

There is no way Nxt is going to catch dodge until basic things are rolled out.

(1) A light easy to use client
(2) The  native client ability to sign transaction and broadcast them to a public node so people don't have to download Java and run NRS

Without these two things, forget about anyone outside tech nerd using Nxt.

We have "huge" big projects but basic functionality is missing

It's coming.

Well, the priorities are screwed up. Roll out local signing of transaction before AE

As things stand, Nxt isn't even usable on a mobile device as you can't send money from a phone without sharing your password with untrusted third-party node.

It seems the little things don't get as much attention as the headline grabbers but these little things do add up.

I'm waiting for an official sanctioned way by CFB on how to do local signing of transactions.

I thought we had four variants of JS signing. Is there more you need?

Dunno, cfb said a few 10 pages ago he was still working on this.

[Eadeqa]

I thought we had four variants of JS signing. Is there more you need?

What four?

We have zero

[Come-from-Beyond]

I'm waiting for an official sanctioned way by CFB on how to do local signing of transactions.

BCNext was delaying local signing to force ppl to install full nodes. I think we shouldn't wait longer and am going to implement prepareTransaction right after we launch Asset Exchange.

[wesleyh]

CfB

What happens when you issue the same asset a second time? Does it issue more of the same asset or replace the total amount of asset. Also, is the 1000NXT fee apply to only the first issue asset?

James

2nd tx is supposed to be rejected.

Then how can you increase the total amount of Asset??
If someone had silver coins that he wanted to issue and he wanted to have them 100% backed, he could only issue the number of coins he had at the time he creates the Asset.

OK, so now he gets more coins. Is he supposed to create Assset.2 and pay another 1000NXT?

Why hasn't anybody complained about this?

We should have some kind of field that describes whether or not an asset is static or variable.

Because I wouldn't want coin X to suddenly add 1,000,000 extra coins. It only makes sense for certain assets.

[Labteck]

There is no way Nxt is going to catch dodge until basic things are rolled out.

(1) A light easy to use client
(2) The  native client's ability to sign transaction and broadcast it to a public node (with no risk of compromising password)  so people don't have to download Java and run NRS

Without these two things, forget about anyone outside tech nerd using Nxt.

We have "huge" big projects but basic functionality is missing


 

+100000

double click-easy-fancy-autoinstall client is really very important to attract new people.If you don`t understand this you dont know nothing about marketing.

[landomata]

CfB

What happens when you issue the same asset a second time? Does it issue more of the same asset or replace the total amount of asset. Also, is the 1000NXT fee apply to only the first issue asset?

James

2nd tx is supposed to be rejected.

Then how can you increase the total amount of Asset??
If someone had silver coins that he wanted to issue and he wanted to have them 100% backed, he could only issue the number of coins he had at the time he creates the Asset.

OK, so now he gets more coins. Is he supposed to create Assset.2 and pay another 1000NXT?

Why hasn't anybody complained about this?

You could create 1 billion Units of Silver coin for 1000 nxt but only release X amount of coins into AE at a time.

[Come-from-Beyond]

Then how can you increase the total amount of Asset??
If someone had silver coins that he wanted to issue and he wanted to have them 100% backed, he could only issue the number of coins he had at the time he creates the Asset.

OK, so now he gets more coins. Is he supposed to create Assset.2 and pay another 1000NXT?

Why hasn't anybody complained about this?

Coins will be implemented later.

[wesleyh]

I'm waiting for an official sanctioned way by CFB on how to do local signing of transactions.

BCNext was delaying local signing to force ppl to install full nodes. I think we shouldn't wait longer and am going to implement prepareTransaction right after we launch Asset Exchange.

Even then, if people want the fastest possible system without lag, they should run nodes. Requests made to a remote server will always be slower.

For example, if there are 100 assets, you have to make 101 requests to get the information about those assets. (since you initially only get asset ID's and to get a description you need to do another request).

Then you have to get the list of ask ID, then make a request for each of those ask IDS to get description, same then for bid ids, and for trade history..

It would be better to follow the example of the getAliases call, which includes all info, presumably because there is no id associated with an alias.

[jl777]

I'm waiting for an official sanctioned way by CFB on how to do local signing of transactions.

BCNext was delaying local signing to force ppl to install full nodes. I think we shouldn't wait longer and am going to implement prepareTransaction right after we launch Asset Exchange.

I think we need an API call to increase the quantity of asset

Also, what happens when an Asset is returned to the issuer? Is there a special flag to indicate that it is being redeemed, which would also reduce the total quantity of Asset.

[jl777]

Then how can you increase the total amount of Asset??
If someone had silver coins that he wanted to issue and he wanted to have them 100% backed, he could only issue the number of coins he had at the time he creates the Asset.

OK, so now he gets more coins. Is he supposed to create Assset.2 and pay another 1000NXT?

Why hasn't anybody complained about this?

Coins will be implemented later.

I am had thought it would be easy to use AE for crypto gateway, especially considering BCNext's discussion about BTC gateway. It is also important to have NXT Asset 100% backed by actual asset, be it loaf of bread, BTC or turtles.

For anything that isn't all created at genesis, a one time quantity is wrong. Almost all real world things will have a variable number, especially if we have a BTC gateway using AE

[Come-from-Beyond]

I think we need an API call to increase the quantity of asset

Maybe. Why not.

Also, what happens when an Asset is returned to the issuer? Is there a special flag to indicate that it is being redeemed, which would also reduce the total quantity of Asset.

Nothing happens, the issuer owns these asset units.