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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755948 times)
instacalm
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February 12, 2014, 08:46:26 AM
 #32581

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
 #32582

thx for the testNXT   Cheesy

 16424349873668201900

Free BITCOINS N LITECOINS in your wallet everyday.
http://qoinpro.com/7314e7c13b16ece2e726a1e32650cd4a
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February 12, 2014, 08:56:02 AM
 #32583

Both the main UK FIAT exchanges (Bitbargain, Bittylicious) have suspended bit coin trading  Undecided
I have helpfully suggested they add NXT
Anyone else in the UK who trades on these should drop them a note  Grin

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mingophoria
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February 12, 2014, 08:59:03 AM
 #32584

Bitbargain n Bittylicious are more expensive... normally i get it from localbitcoins... which is cheaper by 10% sometimes.

Free BITCOINS N LITECOINS in your wallet everyday.
http://qoinpro.com/7314e7c13b16ece2e726a1e32650cd4a
"Pass the Flutter": F8WQXnNgmN9EpN3PWrztrNgDvmLpCjQudD
MyZhre
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February 12, 2014, 09:05:16 AM
 #32585

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?

NXT: 13997163105778396158
CIYAM
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February 12, 2014, 09:14:26 AM
 #32586

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.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
landomata
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February 12, 2014, 09:15:41 AM
 #32587

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.

EmoneyRu
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February 12, 2014, 09:17:00 AM
 #32588

Check tutorial for setting up free VPS.

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February 12, 2014, 09:17:51 AM
 #32589

@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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February 12, 2014, 09:31:07 AM
 #32590

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.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
bitcoinpaul
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February 12, 2014, 09:33:26 AM
 #32591

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.


I'm happy.
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February 12, 2014, 09:40:09 AM
 #32592

DogeCoin goes on par with Peercoin - http://coinmarketcap.com/

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?
On the hidden agenda: don't think DOGE is an evil scheme, it's simply an example of an emergent system; right idea in the right place at the right time leads to massive growth. Could just as easily have been CatCoin or KittehCoin or....but DOGE just caught a wave at the right moment.
If u want a conspiracy to destroy alt-coins, take a long, hard look at Maxcoin.


DOGE vs NXT = Marketing vs real innovation.
I'm not worried about DOGE in the long term. Either it will crash like a bitch when the next most-hyped coin comes along, or it will remain in the crypto ecosystem as a tipping/small payments coin, at least for a while. It brings nothing new to the table, purely marketing/hype.


I'm also not too worried about NXT. Never forget that we are barely 4 months down the road from NXTs genesis. Look how far NXT has come in that time, and look at how stable it is right now, in a very hard time for all cryptos.  Having said that, it wouldn't hurt NXT to pay slightly more attention to marketing.
If u r really old, think about VHS vs Betamax, or currently Apple vs everyone they copy, sometimes marketing wins over innovation.

I think our best 2 marketing strategies right now will be

  1) to continue to spread the word among serious tech types/crypto nerds. Nerds love NXT, we really do. Try to find another thread on BTT with the same level of technical discussion......

 2) Promote NXT as a safe haven in uncertain times for crypto. The last few days have seen big losses for a lot of cryptos, but NXT is remaining solid, only losing/gaining fiat value in step with BTC. Don't know how NXT will do in a serious BTC crash, but if enough people see it as a solid alternative to BTC and step over to NXT, the sky is the limit.

And hodl, of course, don't get impatient. It took Bitcoin 5 years to get where it is today....

Nulli Dei, nulli Reges, solum NXT
Love your money: www.nxt.org  www.ardorplatform.org
www.nxter.org  www.nxtfoundation.org
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February 12, 2014, 09:40:57 AM
 #32593

I think this simple example explains why Dogecoin is growing so fast.

Forum analogy...no offence to our beloved Nxtcrypto.org

Doge == BTT forum
Nxt == Nxtcrypto.org


Many people say nxtcrypto.org is a ghost town and prefer to use BTT because it has network effect.  Nxtcrypto is much better for organizing but BTT is more vibrant with lots & lots of users.


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February 12, 2014, 09:43:18 AM
 #32594

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.

I hope you are skype friendly!
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February 12, 2014, 09:44:35 AM
 #32595

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.

So fractional reserve??
We need two types of assets, one that can be increased/decreased after creation and one that is a single issue.
Hopefully, adding a flag to Asset creation to indicate the type will not be too much work.
Otherwise, it becomes too easy to sell more Asset than is collateralized.

I hope you can see the advantage of having NXT AE keeping track of the total issued, especially for an automated gateway. As long as there is 1:1 correlation of Asset created and deposit; and 1:1 correlation of Asset redeemed and withdrawal, NXT AE automatically keeps track of everything, eg. decentralized and automated.

With this issue 1 billion, we have a single point of failure in the gateway where any accounting error gets us doing fractional reserve

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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February 12, 2014, 09:54:07 AM
 #32596

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.

So fractional reserve??
We need two types of assets, one that can be increased/decreased after creation and one that is a single issue.
Hopefully, adding a flag to Asset creation to indicate the type will not be too much work.
Otherwise, it becomes too easy to sell more Asset than is collateralized.

I hope you can see the advantage of having NXT AE keeping track of the total issued, especially for an automated gateway. As long as there is 1:1 correlation of Asset created and deposit; and 1:1 correlation of Asset redeemed and withdrawal, NXT AE automatically keeps track of everything, eg. decentralized and automated.

With this issue 1 billion, we have a single point of failure in the gateway where any accounting error gets us doing fractional reserve


The issuer of an asset is solely responsible for issuing a fully reserved asset.  Even if you make it so a certain type of asset can be increased or decreased in the AE, the issuer could still be fractionally reserved.


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jl777
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February 12, 2014, 09:57:19 AM
 #32597

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.

So fractional reserve??
We need two types of assets, one that can be increased/decreased after creation and one that is a single issue.
Hopefully, adding a flag to Asset creation to indicate the type will not be too much work.
Otherwise, it becomes too easy to sell more Asset than is collateralized.

I hope you can see the advantage of having NXT AE keeping track of the total issued, especially for an automated gateway. As long as there is 1:1 correlation of Asset created and deposit; and 1:1 correlation of Asset redeemed and withdrawal, NXT AE automatically keeps track of everything, eg. decentralized and automated.

With this issue 1 billion, we have a single point of failure in the gateway where any accounting error gets us doing fractional reserve


The issuer of an asset is solely responsible for issuing a fully reserved asset.  Even if you make it so a certain type of asset can be increased or decreased in the AE, the issuer could still be fractionally reserved.
True, but isnt it better if the only thing we had to trust was that (the issuer isn't stealing from the deposit fund or changing the published source code for the automated gateway) -- VS -- the same, plus never makes any accounting errors

The less trust required, the better

Edit: My problem is that we go from needing the issuer to ACTIVELY break trust through bad deeds, to the issuer potentially breaking trust via inaction or error in accounting.

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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February 12, 2014, 10:01:52 AM
 #32598


NXT marketing is a joke, shaking hands on conferences with people that already know NXT does not change sh***. I have said thousand times NXT has nothing.

dodge is having a simple wallet, NXT does not even has that. NXT is only for few IT nerds.

marketing of NXT is an EPIC fail!
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February 12, 2014, 10:04:02 AM
 #32599

So fractional reserve??

I was really only suggesting a "work-around" for now - the idea of having "two types of assets" (one that is fixed in units and one that can change units) could indeed be useful. I guess it is a question of how tricky it will be to do that (perhaps CfB would care to comment?).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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February 12, 2014, 10:05:33 AM
 #32600

Berlin conference today or tomorrow?
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