NXT :: descendant of Bitcoin - Updated Information

[gs02xzz]

If the client devs will also add a custom crypto exchange to the clients, NXT will effectively have this built in for all users. I am pretty sure DOGE can't do this!

James

+1

[1715208526]

1715208526

[1715208526]

1715208526

[1715208526]

1715208526

[ChuckOne]

PROPOSAL FOR AUTOMATED GATEWAY BACKED BY NXT COMMUNITY


If the client devs will also add a custom crypto exchange to the clients, NXT will effectively have this built in for all users. I am pretty sure DOGE can't do this!

James

Edit: Since community is paying for this, there will be no costs charged other than bare minimum protocol requires.

If this is safe and works, I'd be willing to back this with some funds (5000 Nxt)
I can't judge that myself, but if some devs say it is, I'm game.

Community will review the source code to make sure it is safe. I am thinking that we verify cross chain transactions with both the local bitcoind and also blockchain.info to get two sources of transaction confirmation. To minimize any concentration of deposits issue, we can create many deposit wallets that withdrawals are taken from. On each server, only the server admin will know the wallet address for that server, so we compartmentalize the financial risk.

If we wanted to take the insurance concept a bit further, we could have the server operators put up a bond against any deposits disappearing.

The entire trust issue is something that MUST be solved, otherwise AE will not be useful for trading anything with real value.

Directed donations to NXTcommunityfund are alway welcome. Just post here and rickyjames will tally it all up.

James

+1

[jl777]

On each server, only the server admin will know the wallet address for that server, so we compartmentalize the financial risk.

How is that different than trusted gateway? Here we are trusting

(1) Server Admin (that's human)
(2) Hack protection of the server
(2) Client software

It isn't. I am trying to find a community acceptable way to create a trusted gateway. No magic here. Just trying to create a trusted gateway. Once we have that, we hook it up to AE and we instantly get decentralized trading with only the trusted gateway requiring any trust.

The client software will be open sourced and preferably included in official client.

So it is not a breakthrough of any sort, just a plain vanilla project to create a community trusted gateway. As one of the leading skeptics of such things I would like to hear what we need to do to create such a trusted gateway.

James

Edit: I am posting here to get constructive feedback on this idea. If we cant figure this out, then we will end up with dozens of fragmented markets all still requiring trust of an isolated issuer. Thats no better than ripple...

[VanBreuk]

Centralization is an issue. How do we counteract?

Pooled forging / leasing forging power will be great for that. Coming with account control features, iirc.

But why is pooling aka centralization good?

I would like many nodes rather than a few.

The way I imagined this implied rather "block fees pooling", where you keep your coins in your account, but if you are joined to the pool, all the fees gathered by pool members generating blocks go to a common pool fund and are distributed to everyone according to their pool share.

[opticalcarrier]

1% transaction fee? You are kidding.

0.05% would be acceptable I think.

Why do you think a percentage is not a good idea?

I think it this way: percentages will lead to higher fees in total, which will lead to higher distribution of NXTs.

ok thats not a bad rate at all.  I was expecting some yahoo to want a much bigger cut.  so then we have something like



amt                   percentage     fee       rounded
1.00                   0.05%   0.0005   0.01
10.00                   0.05%   0.005       0.01
100.00           0.05%   0.05       0.01
1,000.00           0.05%   0.5       0.5
10,000.00           0.05%   5       5
100,000.00           0.05%   50       50
1,000,000.00   0.05%   500       500
10,000,000.00   0.05%   5000       5000
100,000,000.00   0.05%   50000    50000



Those lower amount transactions have their fees rounded up to .01 as it appears that will be our lowest expressable amount of NXT in the near future.  CfB has stated that .01 is fairly easy to accomplish, but that lower than that will be 'complex'

Can you elaborate on why you think it will improve distribution? I say that its the fatcats that are forging that will suck those up, actually making the distribution worse, countertuitive to your logic, but I may be wrong, can you walk me through it if you think Im wrong?

Then there is the issue of all the high rollers's transactions always having priority over lower ones.

IMO a percentage based fee goes against the spirit of the concept of decentralized banking.  Where now, thats how the bankers do things - they get their % cut.  With a single fee everything is equal, unless you WANT priority by paying for it.

[jl777]

1% transaction fee? You are kidding.

0.05% would be acceptable I think.

Why do you think a percentage is not a good idea?

I think it this way: percentages will lead to higher fees in total, which will lead to higher distribution of NXTs.

ok thats not a bad rate at all.  I was expecting some yahoo to want a much bigger cut.  so then we have something like

Code:

amt                   percentage	  fee	    rounded
1.00	                0.05%	0.0005   0.01
10.00	                0.05%	0.005	    0.01
100.00	        0.05%	0.05	    0.01
1,000.00	        0.05%	0.5	    0.5
10,000.00	        0.05%	5	    5
100,000.00	        0.05%	50	    50
1,000,000.00	0.05%	500	    500
10,000,000.00	0.05%	5000	    5000
100,000,000.00	0.05%	50000    50000
[code]

Those lower amount transactions have their fees rounded up to .01 as it appears that will be our lowest expressable amount of NXT in the near future.  CfB has stated that .01 is fairly easy to accomplish, but that lower than that will be 'complex'

Can you elaborate on why you think it will improve distribution? I say that its the fatcats that are forging that will suck those up, actually making the distribution worse, countertuitive to your logic, but I may be wrong, can you walk me through it if you think Im wrong?

Then there is the issue of all the high rollers's transactions always having priority over lower ones.

IMO a percentage based fee goes against the spirit of the concept of decentralized banking.  Where now, thats how the bankers do things - they get their % cut.  With a single fee everything is equal, unless you WANT priority by paying for it.

[/code]

New rate will be 0.1 NXT per transaction. Anything other than fixed rate will require more code changes and I seriously doubt the community will ever agree on any sort of scaled fee per send, especially since current all fees are the same, send, alias, etc. Remember, we are planning on 1000TPS. That means 100NXT per SECOND in forging. If that is not enough then you need to sell all your NXT and get something that returns 500% per year.

[Damelon]

On each server, only the server admin will know the wallet address for that server, so we compartmentalize the financial risk.

How is that different than trusted gateway? Here we are trusting

(1) Server Admin (that's human)
(2) Hack protection of the server
(2) Client software

I see this as a transitory stage, which may well be replaced in the future by a trustless system.

I think James is saying that at this point we need such à gateway because we need nxt to be traded to get people involved and generally get the machinery working.

I agree on this.

Correct me if I am misrepresenting your motivation here, James.

[Anon136]

does anyone know of any machinists in the nxt community?

[pandaisftw]

PROPOSAL FOR AUTOMATED GATEWAY BACKED BY NXT COMMUNITY


If the client devs will also add a custom crypto exchange to the clients, NXT will effectively have this built in for all users. I am pretty sure DOGE can't do this!

James

Edit: Since community is paying for this, there will be no costs charged other than bare minimum protocol requires.

If this is safe and works, I'd be willing to back this with some funds (5000 Nxt)
I can't judge that myself, but if some devs say it is, I'm game.

Community will review the source code to make sure it is safe. I am thinking that we verify cross chain transactions with both the local bitcoind and also blockchain.info to get two sources of transaction confirmation. To minimize any concentration of deposits issue, we can create many deposit wallets that withdrawals are taken from. On each server, only the server admin will know the wallet address for that server, so we compartmentalize the financial risk.

If we wanted to take the insurance concept a bit further, we could have the server operators put up a bond against any deposits disappearing.

The entire trust issue is something that MUST be solved, otherwise AE will not be useful for trading anything with real value.

Directed donations to NXTcommunityfund are alway welcome. Just post here and rickyjames will tally it all up.

James

James,

Check your PM.

[PeercoinEnthusiast]

Once we get the new clients vetted, I plan on following up with Steve at GoCoin and Eric at ZipZap.  Sent a few follow-ups to Cryptsy, CoinMKT etc.. and cc'd members of the development team.

[Sebastien256]

PROPOSAL FOR AUTOMATED GATEWAY BACKED BY NXT COMMUNITY


I wanted to get the community's feedback on having a community backed gateway for the popular cryptos, eg. BTC, DOGE, LTC, etc. Long term, I want to have fully automated DAC's, but rather than wait for the NXT VM to be completed, I want to have a way for everyone to be able to trade cryptos in a decentralized way with a minimal amount of trust required.

What I am envisioning is the community will create automated gateway code that will be open sourced and it would be run on a hardened community server. If we cant find a volunteer to code the automated gateway, then I would be willing to hire for NXT someone to write the code. I have the design pretty much worked out, even using the existing AE restrictions.

deposit BTC -> gateway -> get BTC Asset
<BTC Asset is traded via AE>
withdraw BTC Asset -> gateway -> get BTC in wallet

The above is a simplified flow and you can replace BTC with DOGE or whatever we end up supporting. While the gateway would still be a single point of failure, it would be backed by the NXT community. Trusted members would manage the hardened server(s) and I think it makes sense to have a bit of NDIC (NXT deposit insurance by community) so in case of a loss caused by failure of gateway server. I am thinking that a 100000 NXT allocation against exploding data center will give additional peace of mind for people using the gateway. No protection if your computer gets hacked, the insurance is against the gateway server failures.

Assuming the community approves and I can get a volunteer to do the coding and a volunteer to get a hardened server (or maybe add this to an existing NXT node?) we can get this in place very quickly. As long as the gateway code runs, the  deposits and withdrawals will be processed automatically. Once inside the AE, everybody can trade it knowing it can be automatically withdrawn to the real thing at any time.

This means that within NXT there will be a decentralized exchange for all the cryptos, possibly within weeks!

If the client devs will also add a custom crypto exchange to the clients, NXT will effectively have this built in for all users. I am pretty sure DOGE can't do this!

James

Edit: Since community is paying for this, there will be no costs charged other than bare minimum protocol requires.

I believe that for decentralization, it would be need that the system be able to sustain more than one gateway for a given asset. In this case if one gateway fail you can rely on the others. What do you think?

[jl777]

On each server, only the server admin will know the wallet address for that server, so we compartmentalize the financial risk.

How is that different than trusted gateway? Here we are trusting

(1) Server Admin (that's human)
(2) Hack protection of the server
(2) Client software

I see this as a transitory stage, which may well be replaced in the future by a trustless system.

I think James is saying that at this point we need such à gateway because we need nxt to be traded to get people involved and generally get the machinery working.

I agree on this.

Correct me if I am misrepresenting your motivation here, James.

Any fully trustless solution is at least months away. With all the DDos attacks on BTC exchanges and general issues with Mtgox, etc. I think if the NXT community can create a trusted gateway (details to be figured out by community) that allows people to not only trade BTC, but any other crypto, using AE it will be a very valuable addition to the NXT feature list

Maybe someone like Anon would volunteer to be keeper of the deposit keys. We then have network security experts vet the hardened server and access methods. We have the code that implements the automatic gateway scrutinized and tested. We back all of this with 100000 NXT insurance.

I need help here to figure out how to make this work. NXT price should increase dramatically as soon as we get this solved. There is not a lot of tech here, it is more solving the trust issue and a bit of coding.

James

[apenzl]

PROPOSAL FOR AUTOMATED GATEWAY BACKED BY NXT COMMUNITY


I wanted to get the community's feedback on having a community backed gateway for the popular cryptos, eg. BTC, DOGE, LTC, etc. Long term, I want to have fully automated DAC's, but rather than wait for the NXT VM to be completed, I want to have a way for everyone to be able to trade cryptos in a decentralized way with a minimal amount of trust required.

What I am envisioning is the community will create automated gateway code that will be open sourced and it would be run on a hardened community server. If we cant find a volunteer to code the automated gateway, then I would be willing to hire for NXT someone to write the code. I have the design pretty much worked out, even using the existing AE restrictions.

deposit BTC -> gateway -> get BTC Asset
<BTC Asset is traded via AE>
withdraw BTC Asset -> gateway -> get BTC in wallet

The above is a simplified flow and you can replace BTC with DOGE or whatever we end up supporting. While the gateway would still be a single point of failure, it would be backed by the NXT community. Trusted members would manage the hardened server(s) and I think it makes sense to have a bit of NDIC (NXT deposit insurance by community) so in case of a loss caused by failure of gateway server. I am thinking that a 100000 NXT allocation against exploding data center will give additional peace of mind for people using the gateway. No protection if your computer gets hacked, the insurance is against the gateway server failures.

Assuming the community approves and I can get a volunteer to do the coding and a volunteer to get a hardened server (or maybe add this to an existing NXT node?) we can get this in place very quickly. As long as the gateway code runs, the  deposits and withdrawals will be processed automatically. Once inside the AE, everybody can trade it knowing it can be automatically withdrawn to the real thing at any time.

This means that within NXT there will be a decentralized exchange for all the cryptos, possibly within weeks!

If the client devs will also add a custom crypto exchange to the clients, NXT will effectively have this built in for all users. I am pretty sure DOGE can't do this!

James

Edit: Since community is paying for this, there will be no costs charged other than bare minimum protocol requires.

[Sebastien256]

PROPOSAL FOR AUTOMATED GATEWAY BACKED BY NXT COMMUNITY


I wanted to get the community's feedback on having a community backed gateway for the popular cryptos, eg. BTC, DOGE, LTC, etc. Long term, I want to have fully automated DAC's, but rather than wait for the NXT VM to be completed, I want to have a way for everyone to be able to trade cryptos in a decentralized way with a minimal amount of trust required.

What I am envisioning is the community will create automated gateway code that will be open sourced and it would be run on a hardened community server. If we cant find a volunteer to code the automated gateway, then I would be willing to hire for NXT someone to write the code. I have the design pretty much worked out, even using the existing AE restrictions.

deposit BTC -> gateway -> get BTC Asset
<BTC Asset is traded via AE>
withdraw BTC Asset -> gateway -> get BTC in wallet

The above is a simplified flow and you can replace BTC with DOGE or whatever we end up supporting. While the gateway would still be a single point of failure, it would be backed by the NXT community. Trusted members would manage the hardened server(s) and I think it makes sense to have a bit of NDIC (NXT deposit insurance by community) so in case of a loss caused by failure of gateway server. I am thinking that a 100000 NXT allocation against exploding data center will give additional peace of mind for people using the gateway. No protection if your computer gets hacked, the insurance is against the gateway server failures.

Assuming the community approves and I can get a volunteer to do the coding and a volunteer to get a hardened server (or maybe add this to an existing NXT node?) we can get this in place very quickly. As long as the gateway code runs, the  deposits and withdrawals will be processed automatically. Once inside the AE, everybody can trade it knowing it can be automatically withdrawn to the real thing at any time.

This means that within NXT there will be a decentralized exchange for all the cryptos, possibly within weeks!

If the client devs will also add a custom crypto exchange to the clients, NXT will effectively have this built in for all users. I am pretty sure DOGE can't do this!

James

Edit: Since community is paying for this, there will be no costs charged other than bare minimum protocol requires.

I believe that for decentralization, it would be need that the system be able to sustain more than one gateway for a given asset. In this case if one gateway fail you can rely on the others. What do you think?

I mean, I would prefer this:

deposit BTC -> select gateway -> get BTC Asset
<BTC Asset is traded via AE>
withdraw BTC Asset -> select gateway -> get BTC in wallet

[jl777]

PROPOSAL FOR AUTOMATED GATEWAY BACKED BY NXT COMMUNITY


I wanted to get the community's feedback on having a community backed gateway for the popular cryptos, eg. BTC, DOGE, LTC, etc. Long term, I want to have fully automated DAC's, but rather than wait for the NXT VM to be completed, I want to have a way for everyone to be able to trade cryptos in a decentralized way with a minimal amount of trust required.

What I am envisioning is the community will create automated gateway code that will be open sourced and it would be run on a hardened community server. If we cant find a volunteer to code the automated gateway, then I would be willing to hire for NXT someone to write the code. I have the design pretty much worked out, even using the existing AE restrictions.

deposit BTC -> gateway -> get BTC Asset
<BTC Asset is traded via AE>
withdraw BTC Asset -> gateway -> get BTC in wallet

The above is a simplified flow and you can replace BTC with DOGE or whatever we end up supporting. While the gateway would still be a single point of failure, it would be backed by the NXT community. Trusted members would manage the hardened server(s) and I think it makes sense to have a bit of NDIC (NXT deposit insurance by community) so in case of a loss caused by failure of gateway server. I am thinking that a 100000 NXT allocation against exploding data center will give additional peace of mind for people using the gateway. No protection if your computer gets hacked, the insurance is against the gateway server failures.

Assuming the community approves and I can get a volunteer to do the coding and a volunteer to get a hardened server (or maybe add this to an existing NXT node?) we can get this in place very quickly. As long as the gateway code runs, the  deposits and withdrawals will be processed automatically. Once inside the AE, everybody can trade it knowing it can be automatically withdrawn to the real thing at any time.

This means that within NXT there will be a decentralized exchange for all the cryptos, possibly within weeks!

If the client devs will also add a custom crypto exchange to the clients, NXT will effectively have this built in for all users. I am pretty sure DOGE can't do this!

James

Edit: Since community is paying for this, there will be no costs charged other than bare minimum protocol requires.

I believe that for decentralization, it would be need that the system be able to sustain more than one gateway for a given asset. In this case if one gateway fail you can rely on the others. What do you think?

keep in mind that eventually we will have a system that is fully decentralized, however there are still unsolved technical challenges in doing that.

For the stopgap solution, we can either have a few or a single person that is trusted with the crypto deposits or on the other extreme 100+. I am on the fence as to which is better, with 100+, we are taking a lot of smaller risks of flight vs 1 having one risk that is presumably low risk, but catastrophic if the low probability even happens.

As far as reliability goes, I think a hardened server that provides cloud services would be as reliable if not more reliable than multiple independent gateway servers.

I don't know. This is why I am posting and asking for feedback. We solve this and NXT price under .0001 will be history.

[jl777]

PROPOSAL FOR AUTOMATED GATEWAY BACKED BY NXT COMMUNITY


I wanted to get the community's feedback on having a community backed gateway for the popular cryptos, eg. BTC, DOGE, LTC, etc. Long term, I want to have fully automated DAC's, but rather than wait for the NXT VM to be completed, I want to have a way for everyone to be able to trade cryptos in a decentralized way with a minimal amount of trust required.

What I am envisioning is the community will create automated gateway code that will be open sourced and it would be run on a hardened community server. If we cant find a volunteer to code the automated gateway, then I would be willing to hire for NXT someone to write the code. I have the design pretty much worked out, even using the existing AE restrictions.

deposit BTC -> gateway -> get BTC Asset
<BTC Asset is traded via AE>
withdraw BTC Asset -> gateway -> get BTC in wallet

The above is a simplified flow and you can replace BTC with DOGE or whatever we end up supporting. While the gateway would still be a single point of failure, it would be backed by the NXT community. Trusted members would manage the hardened server(s) and I think it makes sense to have a bit of NDIC (NXT deposit insurance by community) so in case of a loss caused by failure of gateway server. I am thinking that a 100000 NXT allocation against exploding data center will give additional peace of mind for people using the gateway. No protection if your computer gets hacked, the insurance is against the gateway server failures.

Assuming the community approves and I can get a volunteer to do the coding and a volunteer to get a hardened server (or maybe add this to an existing NXT node?) we can get this in place very quickly. As long as the gateway code runs, the  deposits and withdrawals will be processed automatically. Once inside the AE, everybody can trade it knowing it can be automatically withdrawn to the real thing at any time.

This means that within NXT there will be a decentralized exchange for all the cryptos, possibly within weeks!

If the client devs will also add a custom crypto exchange to the clients, NXT will effectively have this built in for all users. I am pretty sure DOGE can't do this!

James

Edit: Since community is paying for this, there will be no costs charged other than bare minimum protocol requires.

I believe that for decentralization, it would be need that the system be able to sustain more than one gateway for a given asset. In this case if one gateway fail you can rely on the others. What do you think?

I mean, I would prefer this:

deposit BTC -> select gateway -> get BTC Asset
<BTC Asset is traded via AE>
withdraw BTC Asset -> select gateway -> get BTC in wallet

That would require a federation of gateways that all agree to honor each other's Asset. Possible, but I fear the difficulty of getting all the gateways to agree will be very difficult.

If we didnt have a federation of gateways, well, that is what we will have with AE as it currently stands. you pick your gateway and you take your chances.

Imagine an end user who gets NXT and tries to figure out which gateway he is supposed to trust. We dont have feedback ratings, audit mechanisms, basically no transparency into any Asset issuer. This is a big problem with ripple and I have been warning for weeks about this. I remember back in Dec people were saying we didnt need any centralized exchanges because AE will be here in Jan. I said, software sometimes is not exactly on schedule and there is also the trust issue that wont be solved quickly.

I guess I am trying to prove myself wrong. I am trying to solve the trust issue quickly. We MUST do this before any other crypto does and now is a particularly good time to announce to the world the availability of an automated gateways with decentralized exchange.

[lucky88888]

NXT FORGING COMPETITION! -update-


Goal no.1 To promote participation of forging activity hence securing our network at the same time.
Goal no.2 Encouraging people with smaller amount of nxt to forge for a chance to win 1,000 nxt. Much better than the 1nxt reward.
Goal no.3 Promotion of our "kind of official" nxt forum @ forums.nxtcrypto.org this way we can be more organized when needed in the near future.
(Please head over and sign up for an account even if you don't plan to use that forum anytime soon.)
Goal no.4 Beat the record for having the lowest balance while forging a block to become the nxt history!

My competition has attracted so far, about 200 views on each forum (forums.nxtcrypto.org) and (nextcoin.org)

We currently have one valid entry, forging with a low balance of 10,007nxts


Congratulations to him!


The competition is far from over! I'd say we still have atleast 7-10days to go. We are currently on block 65087 Competition ends after the block 79,500 is forged in the nxt system.
Anyone forging with an account balance lower than 10,007 will have a chance of winning this. If you have more, you may want to transfer some out to another account in order to enter. ( The lowest forger known to me is with a balance of only 1,500 nxt! )

For further informations, rules, or if you have a question, please head to the forging competition thread at https://forums.nxtcrypto.org/viewtopic.php?f=2&t=744

Thank You and have fun forging!

[Sebastien256]

PROPOSAL FOR AUTOMATED GATEWAY BACKED BY NXT COMMUNITY


I wanted to get the community's feedback on having a community backed gateway for the popular cryptos, eg. BTC, DOGE, LTC, etc. Long term, I want to have fully automated DAC's, but rather than wait for the NXT VM to be completed, I want to have a way for everyone to be able to trade cryptos in a decentralized way with a minimal amount of trust required.

What I am envisioning is the community will create automated gateway code that will be open sourced and it would be run on a hardened community server. If we cant find a volunteer to code the automated gateway, then I would be willing to hire for NXT someone to write the code. I have the design pretty much worked out, even using the existing AE restrictions.

deposit BTC -> gateway -> get BTC Asset
<BTC Asset is traded via AE>
withdraw BTC Asset -> gateway -> get BTC in wallet

The above is a simplified flow and you can replace BTC with DOGE or whatever we end up supporting. While the gateway would still be a single point of failure, it would be backed by the NXT community. Trusted members would manage the hardened server(s) and I think it makes sense to have a bit of NDIC (NXT deposit insurance by community) so in case of a loss caused by failure of gateway server. I am thinking that a 100000 NXT allocation against exploding data center will give additional peace of mind for people using the gateway. No protection if your computer gets hacked, the insurance is against the gateway server failures.

Assuming the community approves and I can get a volunteer to do the coding and a volunteer to get a hardened server (or maybe add this to an existing NXT node?) we can get this in place very quickly. As long as the gateway code runs, the  deposits and withdrawals will be processed automatically. Once inside the AE, everybody can trade it knowing it can be automatically withdrawn to the real thing at any time.

This means that within NXT there will be a decentralized exchange for all the cryptos, possibly within weeks!

If the client devs will also add a custom crypto exchange to the clients, NXT will effectively have this built in for all users. I am pretty sure DOGE can't do this!

James

Edit: Since community is paying for this, there will be no costs charged other than bare minimum protocol requires.

I believe that for decentralization, it would be need that the system be able to sustain more than one gateway for a given asset. In this case if one gateway fail you can rely on the others. What do you think?

keep in mind that eventually we will have a system that is fully decentralized, however there are still unsolved technical challenges in doing that.

For the stopgap solution, we can either have a few or a single person that is trusted with the crypto deposits or on the other extreme 100+. I am on the fence as to which is better, with 100+, we are taking a lot of smaller risks of flight vs 1 having one risk that is presumably low risk, but catastrophic if the low probability even happens.

As far as reliability goes, I think a hardened server that provides cloud services would be as reliable if not more reliable than multiple independent gateway servers.

I don't know. This is why I am posting and asking for feedback. We solve this and NXT price under .0001 will be history.

what about given a reputation score to the gateway that would be possible after using the gateway, similar as ebay feedback. Bad gateway would die fast.

EDIT: ho well, just read your previous post! lol, reputation system would be mendatory with multiple gateway. Is it possible to program embedded reputation system as well? Ebay seller are kind of gateway to the various product you want to buy.

[PeercoinEnthusiast]

Would love to hear some updates from the Berlin Conference!

[VanBreuk]

This is a surprise: Cross platform NXT client launched by DGEX in Twitter:

http://offspring.dgex.com/

OFFSPRING WALLETS

Offspring stores your NXT private keys (passphrase) together with your Offspring account label in an encrypted file,
we call this file your wallet.

When Offspring starts you must either enter the password for your existing wallet or create a new wallet by entering
the password for your new wallet twice.

By default Offspring offers to unlock or create a wallet called 'offspring.wallet' which is in the directory that
contains your Offspring executable.