NXT :: descendant of Bitcoin - Updated Information

[bitcoinpaul]

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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[EvilDave]

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....

[landomata]

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.

[klee]

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!

[jl777]

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

[2Kool4Skewl]

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.

[jl777]

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.

[Emule]

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!

[CIYAM]

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?).

[S3MKi]

Berlin conference today or tomorrow?

[zorke]

Hey guys,

So when is our official/Nexern client coming out?
Anyone has an idea?

Thanks

[Jean-Luc]

-----BEGIN PGP SIGNED MESSAGE-----
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Release 0.7.3

http://download.nxtcrypto.org/nxt-client-0.7.3.zip

sha256: 8dccdaaf16d5f6714a96b05e08a918462cc3d549db66c7f52e81bc51b30894ae


Change log:

The 0.6.x series is no longer supported. Starting with this release,
only the database version will be developed.

Optimized the getMilestoneBlockIds protocol. This is the peer to peer
request that currently puts the most load on the public nodes, and is a
cause of a large amount of unnecessary outbound traffic. However, for
backwards compatibility, version 0.7.3 still supports both the old
and the improved getMilestoneBlockIds protocols, so when older clients
connect to 0.7.3 nodes they will still cause unnecessary load and
extra traffic, unfortunately.

WARNING: Support for the old getMilestoneBlockIds protocol will be
removed in 0.7.4. You don't need to upgrade immediately, but if
you don't do it before 0.7.4 comes out, your older version nodes
will not be able to request blocks and catch up with the blockchain.
Better upgrade sooner than later.

More and more refactoring. Completely separated the user interface logic
from the core business logic. Nothing in the core nxt package depends on
the classes in the nxt.user package anymore. Instead, a Listeners
framework is used, so that the UI can register to be notified of the
events in the core that it needs to know about. This is also intended to
be used by Java client API developers.

Added some more indexes to the database tables to improve performance.
These will be created automatically the first time this version is
started with your existing database - no need to start from scratch,
no need to delete your old nxt_db directory.

Privacy related change: Before this release, newly generated blocks
and new transactions were broadcasted to peers twice. This could allow
your peers to deduce that your node was the generator of the block or
transaction in question. This is now fixed. Note that somebody with
the ability to monitor all your internet traffic will still be able to
tell that it was you who generated a block, because the generating node
sends the block before having received it from any other peer. I don't
see a physically possible way to avoid that, yet. Also note that the
transaction re-broadcasting feature will continue to re-broadcast your
transactions until they are received back from at least one other node,
but will not do that with transactions received from other nodes. This
could still be used to deduce that your node was the source of a
transaction, in case the initial attempt to send it failed, and it was
re-broadcasted (but somebody already observed the failed first attempt).

Separated block forging logic into a Generator class, which can also
be used by Java API clients to start and stop forging.

Added startForging and stopForging API requests.
Parameters: secretPhrase, required for both starting and stopping.

Fixed minor bugs. Fixed a bug in peer download traffic monitoring.



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[salsacz]

Berlin (1)

Still little problem with meeting up with admiral.fu, but we already managed some connections with guys from:

- cryptoventures

- humint

PS: Not many naked girls here

[bitcoinpaul]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.7.3

http://download.nxtcrypto.org/nxt-client-0.7.3.zip

sha256: 8dccdaaf16d5f6714a96b05e08a918462cc3d549db66c7f52e81bc51b30894ae

Thanks!

[^[GS]^]

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!

I like it!


ALOHA 0.7.3

[S3MKi]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.7.3

http://download.nxtcrypto.org/nxt-client-0.7.3.zip

sha256: 8dccdaaf16d5f6714a96b05e08a918462cc3d549db66c7f52e81bc51b30894ae

Thank u sir!

[S3MKi]

Berlin (1)

Still little problem with meeting up with admiral.fu, but we already managed some connections with guys from:

- cryptoventures

- humint

PS: Not many naked girls here

Hello salsacz!

[EvilDave]

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!

Hardest working troll in crypto land.....let's give it up for the amazing Emule !

[josephliton]

I am not the owner of this site.

https://www.zharifsofiaexchanger.com

Zharif Sofia Exchanger is an Malaysian E-currency Exchanger Reliable,Trusted and Fastest Service for buy and sell perfect money by local malaysia deposit bank such Maybank CIMB. They also accept international customers deposit through Wire Transfer.

They guaranteed the transaction will be done around 5 - 20 minutes for local customers 1 - 3 days for international customers. They are open 24 hours a day and 7 days a week. They have English support for their customers by Call, SMS, Whatsapp, Wechat BBM and Skype. Their service is the largest in Malaysia,They have been doing exchange services since 2010.

[chanc3r]

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

Lol I don't buy BTC there I sell it for precisely that reason
My point is its an opportunity to nudge the FIAT exchanges about NXT