Come-from-Beyond
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Activity: 2142
Merit: 1009
Newbie
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February 12, 2014, 08:35:15 AM |
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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
What is so special about turtles? I keep seeing them mentioned quite often...  |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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klee
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Activity: 1498
Merit: 1000
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February 12, 2014, 08:36:54 AM |
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when a clone can compete with its parent with no conceivable advantage, this is very dangerous indeed for the idea of digital scarcity. this is very troubling. I would not be surprised is this joke is funded by crypto enemies (like JP) and when they make it No1 will let it collapse just to prove that the whole cryptocurrencies ecosystem is a joke, just like doge... |
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jl777
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Activity: 1176
Merit: 1132
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February 12, 2014, 08:40:10 AM |
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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. I want to make sure that the two essential (only?) crypto gateway functions are possible, and hopefully easy. Deposit: customer sends in BTC, gateway increases Asset Qty by deposit amount and sends this new Qty of Asset to customer's NXT acct. Withdrawal: customer sends withdrawal amount of Asset to gateway with BTC address, Asset Qty is reduced and gateway sends BTC to customer's wallet address. If we are to implement automated DAC, then the NXT VM would need to be able to know that a withdrawal event has happened. I am not sure the best API parameters to use, but the idea is to make sure that gateway deposit and withdrawal cases are properly handled. Ideally, with signals that NXT VM can receive to know that it has to take action. Edit: for withdrawal at the very least we need a way to destroy an Asset. I guess we an always send it to genesis acct. |
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instacalm
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February 12, 2014, 08:40:56 AM |
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when a clone can compete with its parent with no conceivable advantage, this is very dangerous indeed for the idea of digital scarcity. this is very troubling. I would not be surprised is this joke is funded by crypto enemies (like JP) and when they make it No1 will let it collapse just to prove that the whole cryptocurrencies ecosystem is a joke, just like doge... klee, Doge may seem like a joke but it is not. It's an experiment that worked out pretty nicely so far. I remember the first two days when DOGE came out, it was very well perceived from day one and people loved to send the doges around. I remember receiving hundreds of thousands just as a joke because nobody took it seriously. Not much later it began to become huge. It also nicely demonstrates the power of marketing and hype. PS. I don't own any DOGE atm and I am personally not much interested in it, huge numbers of other people are though. NXT is a king when it comes to crypto innovation, yet average crowds do not care about the king, they want the fun. Doge provides it. Once Nxt has stepped up its game, providing a great multi platform client that is proven to work -- once it is easy to understand and approach the king people are going to use Nxt and find out just how great and advanced it actually is. Until then, it might just be quietly sitting on its throne in the dark. |
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allwelder
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Activity: 1512
Merit: 1004
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February 12, 2014, 08:41:19 AM |
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when a clone can compete with its parent with no conceivable advantage, this is very dangerous indeed for the idea of digital scarcity. this is very troubling. Dogecoin is far more popular than Peercoin, it's been pretty much determined to climb up. It does actually have great advantage: popularity. Basically Peercoin has no marketing...Nxt cannot suffer the same faith...we have to adopt Dogecoin marketing best practices. 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. IMO,we also need necessary promotion for more people to really know what is Nxt. |
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klee
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Activity: 1498
Merit: 1000
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February 12, 2014, 08:43:15 AM |
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when a clone can compete with its parent with no conceivable advantage, this is very dangerous indeed for the idea of digital scarcity. this is very troubling. I would not be surprised is this joke is funded by crypto enemies (like JP) and when they make it No1 will let it collapse just to prove that the whole cryptocurrencies ecosystem is a joke, just like doge... klee, Doge may seem like a joke but it is not. It's an experiment that worked out pretty nicely so far. I remember the first two days when DOGE came out, it was very well perceived from day one and people loved to send the doges around. I remember receiving hundreds of thousands just as a joke because nobody took it seriously. Not much later it began to become huge. It also nicely demonstrates the power of marketing and hype. PS. I don't own any DOGE atm and I am personally not much interested in it, huge numbers of other people are though. NXT is a king when it comes to crypto innovation, yet average crowds do not care about the king, they want the fun. Doge provides it. But do we know if the creator has a hidden agenda and/or other people behind him? |
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martismartis
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Activity: 1162
Merit: 1005
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February 12, 2014, 08:44:50 AM |
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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.
Anyone? Do I need to worry about my public node? |
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Come-from-Beyond
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Activity: 2142
Merit: 1009
Newbie
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February 12, 2014, 08:45:50 AM |
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But do we know if the creator has a hidden agenda and/or other people behind him?
BCNext could have a hidden agenda too. It's not actually important what a cryptocoin was created for, it's important what it's used for and where is heading to. |
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Come-from-Beyond
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Activity: 2142
Merit: 1009
Newbie
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February 12, 2014, 08:46:16 AM |
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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.
Anyone? Do I need to worry about my public node? No. |
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instacalm
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February 12, 2014, 08:46:26 AM |
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But do we know if the creator has a hidden agenda and/or other people behind him?
No (same for Bitcoin, NXT, etc) |
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mingophoria
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February 12, 2014, 08:46:38 AM |
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thx for the testNXT  16424349873668201900 |
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chanc3r
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February 12, 2014, 08:56:02 AM |
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Both the main UK FIAT exchanges (Bitbargain, Bittylicious) have suspended bit coin trading  I have helpfully suggested they add NXT Anyone else in the UK who trades on these should drop them a note  |
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mingophoria
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February 12, 2014, 08:59:03 AM |
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Bitbargain n Bittylicious are more expensive... normally i get it from localbitcoins... which is cheaper by 10% sometimes.
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MyZhre
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February 12, 2014, 09:05:16 AM |
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According my vps:
0.6.1 & below: 129
0.7.2 & above: 156
0.7.1 & 0.7.0e: 14
0.6.2 : 135
No version info: 49
.NXT: 9
Total: 493
about 61% nodes running current version,
29% nodes running old & legacy version,
10% zombies?
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NXT: 13997163105778396158
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CIYAM
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Activity: 1890
Merit: 1075
Ian Knowles - CIYAM Lead Developer
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February 12, 2014, 09:14:26 AM |
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Although I agree with James that for some kinds of "assets" it makes sense to be able to effectively "add more quantity" but it does not make sense for things that are "shares" and in fact it would be very dangerous to allow that as your shares could just suddenly become worthlessly diluted by the issuer.
Perhaps for your cases James just issue 1 Billion in the first place and put up "asks" only for those that you have "stock" for at any current time.
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landomata
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Activity: 2184
Merit: 1000
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February 12, 2014, 09:15:41 AM |
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Although I agree with James that for some kinds of "assets" it makes sense to be able to effectively "add more quantity" but it does not make sense for things that are "shares" and in fact it would be very dangerous to allow that as your shares could just suddenly become worthlessly diluted by the issuer.
Perhaps for your cases James just issue 1 Billion in the first place and put up "asks" only for those that you have "stock" for at any current time.
My thoughts exactly. |
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klee
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Activity: 1498
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February 12, 2014, 09:17:51 AM |
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@CIYAM:
Can you lead a project as a Product Owner implementing something like Ethereum on top of NXT?
Agile/Scrum development would be preferred
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CIYAM
Legendary
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Activity: 1890
Merit: 1075
Ian Knowles - CIYAM Lead Developer
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February 12, 2014, 09:31:07 AM |
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Can you lead a project as a Product Owner implementing something like Ethereum on top of NXT?
Agile/Scrum development would be preferred
Guess this was posted in two topics (or I am seeing double). If others are happy then yes I think I could play the part of "the client" for said development. |
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