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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756317 times)
aswritt
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February 23, 2014, 09:04:27 PM
 #36761

Is this the site, where people get 1000's of coins ?  Shocked

What must I do to get 1000's ?  Huh

https://bitcointalk.org/index.php?topic=464743

not that. My friend said that here is possible to get 1000 - 100 000 nxtcoins and some had already got. What did they do?


they contributed to this wonderful community. If you do the same, the NXT will just come flying to you!

Did you?
What they exactly did? One good example to teach one Joe Average Smiley
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jl777
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February 23, 2014, 09:07:06 PM
 #36762

I don't see any logical reason to change forging. We spent so much efforts explaining that Nxt is not about forging and the income from it. We are also contemplating lowering down the fees and making forging income insignificant. So all this stuff about big stakeholders' forging will become irrelevant.

That's a good point. We should lower the fees to 0.1 then eventually lower it to 0.01. The point of forging should not be to make money, but to protect the network -- especially if you are invested in Nxt, it's an incentive  to protect it.
Exactly!
That is what BCNext wants. Forging will eventually just be a spam prevention mechanism. It was put in there initially to be something that is somewhat familiar to miners. Now that we have enough NXT community, we dont need to keep the transition mechanism.

An internet that charges a fee per minute would not be the Internet, it would be compuserve
A NXT that charges any significant fee would not become the NXT economy, it would remain a "coin"

NXT allows us to implement things that combine money with storage, exchange, community, etc. However,with the current 1 NXT fee and even with 0.1 fee, it is too expensive for any applications that use the blockchain too much. This is not good, as the blockchain automatically solves the problem of getting peer verified blocks in a decentralized way.

Forging is NOT meant to be a way to make money, it is simple spam prevention. Forging is spam prevention.
Why would anybody expect to make money from a spam prevention mechanism?

All we need are a dozen businesses that need a few dozen servers using NXT and that gets us the critical mass NXT infrastructure. What if we had thousands of businesses?

We will have coins on top of NXT that will make miners happy. Please unleash the full potential of NXT by shrinking fee to as small as possible. Spam prevention, no more.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
klee
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February 23, 2014, 09:07:21 PM
 #36763

I have donated 2,100,000NXT to entities you will learn about in the following 3 weeks!
You hear me Anon???

 Grin

Is it what we talked about a couple of weeks ago on Skype?
Yeap Wink

You bought Greece and are renaming it Nxtland?

Nah - too much NXT for that...
I will bail out my country's debt when the AT, NXTcash and AE are finished!
Damelon
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February 23, 2014, 09:07:39 PM
 #36764

Is this the site, where people get 1000's of coins ?  Shocked

What must I do to get 1000's ?  Huh

https://bitcointalk.org/index.php?topic=464743

not that. My friend said that here is possible to get 1000 - 100 000 nxtcoins and some had already got. What did they do?


they contributed to this wonderful community. If you do the same, the NXT will just come flying to you!

Did you?
What they exactly did? One good example to teach one Joe Average Smiley


- Translating the wiki
- Setting up a site and maintaining it
- Making images for promo
- Helping out with texts
- participating in swarms

All these can be done by most people who have some time and will earn you nxt. Smiley
Plenty of opportunities around.

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog
TwinWinNerD
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February 23, 2014, 09:08:08 PM
 #36765

Is this the site, where people get 1000's of coins ?  Shocked

What must I do to get 1000's ?  Huh

https://bitcointalk.org/index.php?topic=464743

not that. My friend said that here is possible to get 1000 - 100 000 nxtcoins and some had already got. What did they do?


they contributed to this wonderful community. If you do the same, the NXT will just come flying to you!

Did you?
What they exactly did? One good example to teach one Joe Average Smiley


- I spread the word (Friends, biggest german Pokerforum, Reddit, Facebook...)
- I am Moderator of the subreddit r/NXT
- I organised the fundraiser for the creation and testing of the reddit-tip-bot
- When i have more time on my hands, i will fundraise the next project Wink

xyzzyx
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February 23, 2014, 09:08:20 PM
Last edit: February 23, 2014, 09:21:52 PM by xyzzyx
 #36766

You know how I know BCNext is not a native English speaker?  A native English speaker never would have used the word "forge" positively in connection with currency.

He has never used it, hasn't he?

¯\_(ツ)_/¯

"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
Fatih87SK
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February 23, 2014, 09:08:40 PM
 #36767

Don't forget meeeeee  Tongue

Working under the NXT Mobile Company from here on.

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February 23, 2014, 09:09:01 PM
 #36768

I have donated 2,100,000NXT to entities you will learn about in the following 3 weeks!
You hear me Anon???

 Grin

Is it what we talked about a couple of weeks ago on Skype?
Yeap Wink

You bought Greece and are renaming it Nxtland?

Nah - too much NXT for that...
I will bail out my country's debt when the AT, NXTcash and AE are finished!

Quoted for posterity  Grin

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog
xyzzyx
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February 23, 2014, 09:09:39 PM
 #36769

An internet that charges a fee per minute would not be the Internet, it would be compuserve
A NXT that charges any significant fee would not become the NXT economy, it would remain a "coin"

+1

"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
martismartis
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February 23, 2014, 09:12:39 PM
 #36770

Update on Android TV stick public node:

Got message: "killed" in command window and node is down. What is that?
jl777
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February 23, 2014, 09:17:51 PM
 #36771


We just need a client that makes it so that there is no cost to forging. Then even if your chances are small there will still even then be no reason not to participate. All other things being equal a 0.001% chance to win 1000 dollars is better than a 0.000% chance of winning 1000 dollars even though 0.001% is a pretty slim chance.

Nxt is going to go to those kinds of prices because it is useful, this means transaction confirmations are quick and reliable.

No crypto has made it big in retail yet and BTC and most of its derivatives with multi minute and unpredictable transaction confirmation is a dead duck for this.

The explanation of how Transparent Forging can be evolved to instant transactions is brilliant if it can be achieved but pointless if the node receiving those transactions cannot or does not process them reliably.

I too want everyone to benefit equally from their stake and see the benefit returned in forging benefits but we also need to encourage a strong network - not just in the number of nodes and their decentralisation but also that each node can meet a minimum specification in terms of the need of the network for overall processing speed.

Right now you can run NXT on a TV stick, RasPI or whatever and forge, in the future, if NXT is successful I am not sure these will meet the minimum requirements for the network to deliver a consistent performance and the network should be built to depreciate weak nodes or it will fail.

The ability for the community to join together to create a strong node is important which is why I think we need forging pools of some description to address both issues - the forging reward and the network reliability.

If in the end even if we can run a node on a solar powered device with a big network pipe - why have 10,000,000 of these with 100 NXT why not have 1000 of these with 1,000,000 NXT but the stakeholders still get their forging benefits - surely this is even better for the environment.
The Infrastructure committee needs people like you to figure all this out and come up with recommendations. I predict that in order to support the high transaction rate, it will need to be subsidized for a time. Good thing we have the budget for that.

I would like to see an adaptive overall network speed. This would maximize the effective throughput, while minimizing the max throughput we need to handle. Similar to dynamically allocating only the RAM you need, instead of allocating the max RAM you will ever need. A cost savings of 2 to 10 is possible, depending on usage spikes.

Minimizing bandwidth by going to binary format, blockchain pruning or blockchain FIFO for non-hallmark nodes, etc, etc.

We need to figure out all this and then make it happen. I have many ideas for what we can build on top of NXT, but the current 1 NXT fee makes them unviable. I change my vote from 0.1 to 0.01 NXT per transaction. Keep in mind a "transaction" is everything, eg. AM, AT, AE, not just sending of NXT. If it was possible to have different fees for different uses, that might give us the best of both worlds. We could keep sending money at 1 NXT, AE trades at .01 NXT, etc.

Imagine what happens if AE trades cost .01 NXT and the btc-e bots (I have some of them) started day trading. At 1 NXT, it will never happen. At .01 NXT, it starts becoming something that is possible.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
antanst
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February 23, 2014, 09:22:30 PM
 #36772

Thanks 7017504655955743955 :-)

jl777
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February 23, 2014, 09:22:59 PM
 #36773

Updated text and images: http://www.mynxt.org/beta/features.html

Still beta, would like to get feedback!

Nice.

From your site:
Quote
Zerocoin Functionality
Three words: Gonna be huge!
Simply speaking, you will be able to send and receive NXT with complete anonymity. Sometimes called "Mixing Service", this allows people all over the world to freely exchange goods & services without the fear of policital or other persecution because of backtracing transactions.

Just a nit-pick: a mixing service and zerocoin, while they have the same goal of achieving anonymity in trasactions, are conceptually different.

A mixing service is like if someone is following you and you try to lose them by running into a large crowd.

Zerocoin is like losing them by teleporting to a new destination.


Perfect way of describing zerocoin! NXTcash team has made an internal release and waiting for zeronet (testnet for NXTcash) to be setup. Hopefully, by next week we can experiment with teleportation.

Even with a small number of users, as the transaction counts go up, there should be no more than random statistical chance of determining the correct path. Havent done the calculations, but I think it rapidly becomes impractical to do any sort of meaningful correlation.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
VanBreuk
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February 23, 2014, 09:27:30 PM
 #36774

Muchas gracias, amigo 7017504655955743955.

στην υγειά σας Smiley
pinarello
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NXT is the future


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February 23, 2014, 09:29:12 PM
 #36775


It would be nice if there was a multisend feature in the client. If I could line up all the addresses of hard working nxt'ers and one-click send a given amount, say 1000nxt (as in each would get 1000) I'd be very inclined to give more regular donations in just this way. Sitting at the computer and putting in 50 or how ever many transactions is a PITA.

If you're using GNU/Linux you can use this:

Code:
#!/bin/bash
# sndnxt.sh 20140223 -- send NXT to multiple addresses.
#
# Copyright 2014 The Free Software Foundation.
# Copying and distribution of this file, with or without
# modification, are permitted in any medium without royalty
# provided the copyright notice and this notice are preserved.  
# This file is offered as-is, without any warranty.
#
if [ $# -ne 3 ]; then
  echo "Usage: ${0##*/} 'passphrase' amount file_of_addresses"
  exit 1
fi
passphrase="$(perl -MURI::Escape -e 'print uri_escape($ARGV[0])' "$1")"; shift
amount=$1; shift
for nxtaddr in $( cat "$1" ); do
  echo "sending $amount to $nxtaddr"
  curl -s "http://localhost:7874/nxt?requestType=sendMoney&secretPhrase=$passphrase&recipient=$nxtaddr&amount=$amount&fee=1&deadline=1440" >> /dev/null
done

exit 0

Just tested it out and it seems to work.


Excellent. Will have a look. Would be nice to bookmark and assign identities to accounts within the client too. Then we could really get this donation party started! lol.


Anyone tried this?

http://tipnxt.com/

under the menu Vips, you have usernames and accounts

klee
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February 23, 2014, 09:29:20 PM
 #36776

Updated text and images: http://www.mynxt.org/beta/features.html

Still beta, would like to get feedback!

Nice.

From your site:
Quote
Zerocoin Functionality
Three words: Gonna be huge!
Simply speaking, you will be able to send and receive NXT with complete anonymity. Sometimes called "Mixing Service", this allows people all over the world to freely exchange goods & services without the fear of policital or other persecution because of backtracing transactions.

Just a nit-pick: a mixing service and zerocoin, while they have the same goal of achieving anonymity in trasactions, are conceptually different.

A mixing service is like if someone is following you and you try to lose them by running into a large crowd.

Zerocoin is like losing them by teleporting to a new destination.


Perfect way of describing zerocoin! NXTcash team has made an internal release and waiting for zeronet (testnet for NXTcash) to be setup. Hopefully, by next week we can experiment with teleportation.

Even with a small number of users, as the transaction counts go up, there should be no more than random statistical chance of determining the correct path. Havent done the calculations, but I think it rapidly becomes impractical to do any sort of meaningful correlation.

James
Did you speak with Edward?

Muchas gracias, amigo 7017504655955743955.

στην υγειά σας Smiley
Ellinas re??
Fern
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February 23, 2014, 09:29:38 PM
 #36777

Thanks 7017504655955743955 :-)

Much appreciated. Thanks secret Santa 7017504655955743955
jl777
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February 23, 2014, 09:29:52 PM
 #36778

You know how I know BCNext is not a native English speaker?  A native English speaker never would have used the word "forge" positively in connection with currency.

+1000.  This is a real problem for anybody learning about NXT for the first time.  There is a valid and legitimate use in English for "forger" as being "one who heats and works metal", like a blacksmith.  But the FAR MORE COMMON use of "forger" in English is "one who creates fake documents, particularly financial ones".

Or he has a very good understanding of english and knows the double-entendre very well.

I doubt that any double-entendre has been in anyone's mind. Smiley
Is it too late to name the concepts again?   
These names has been commented earlier, too. Eg. forgery has only negative meanings.

Lets call it "spam prevention fee"
That is what it is

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
msin
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February 23, 2014, 09:33:26 PM
 #36779


It would be nice if there was a multisend feature in the client. If I could line up all the addresses of hard working nxt'ers and one-click send a given amount, say 1000nxt (as in each would get 1000) I'd be very inclined to give more regular donations in just this way. Sitting at the computer and putting in 50 or how ever many transactions is a PITA.

If you're using GNU/Linux you can use this:

Code:
#!/bin/bash
# sndnxt.sh 20140223 -- send NXT to multiple addresses.
#
# Copyright 2014 The Free Software Foundation.
# Copying and distribution of this file, with or without
# modification, are permitted in any medium without royalty
# provided the copyright notice and this notice are preserved.  
# This file is offered as-is, without any warranty.
#
if [ $# -ne 3 ]; then
  echo "Usage: ${0##*/} 'passphrase' amount file_of_addresses"
  exit 1
fi
passphrase="$(perl -MURI::Escape -e 'print uri_escape($ARGV[0])' "$1")"; shift
amount=$1; shift
for nxtaddr in $( cat "$1" ); do
  echo "sending $amount to $nxtaddr"
  curl -s "http://localhost:7874/nxt?requestType=sendMoney&secretPhrase=$passphrase&recipient=$nxtaddr&amount=$amount&fee=1&deadline=1440" >> /dev/null
done

exit 0

Just tested it out and it seems to work.


Excellent. Will have a look. Would be nice to bookmark and assign identities to accounts within the client too. Then we could really get this donation party started! lol.


Anyone tried this?

http://tipnxt.com/

under the menu Vips, you have usernames and accounts

Yeah, I've tried, half those tips are from me, it works great.
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February 23, 2014, 09:36:48 PM
 #36780

Updated text and images: http://www.mynxt.org/beta/features.html

Still beta, would like to get feedback!

Nice.

From your site:
Quote
Zerocoin Functionality
Three words: Gonna be huge!
Simply speaking, you will be able to send and receive NXT with complete anonymity. Sometimes called "Mixing Service", this allows people all over the world to freely exchange goods & services without the fear of policital or other persecution because of backtracing transactions.

Just a nit-pick: a mixing service and zerocoin, while they have the same goal of achieving anonymity in trasactions, are conceptually different.

A mixing service is like if someone is following you and you try to lose them by running into a large crowd.

Zerocoin is like losing them by teleporting to a new destination.


Perfect way of describing zerocoin! NXTcash team has made an internal release and waiting for zeronet (testnet for NXTcash) to be setup. Hopefully, by next week we can experiment with teleportation.

Even with a small number of users, as the transaction counts go up, there should be no more than random statistical chance of determining the correct path. Havent done the calculations, but I think it rapidly becomes impractical to do any sort of meaningful correlation.

James
Did you speak with Edward?

Muchas gracias, amigo 7017504655955743955.

στην υγειά σας Smiley
Ellinas re??
The ball is in his court. I havent heard back any complaints, so I am assuming it is just a matter of getting everything setup. Maybe the problem is that there is a new simplified genesis block and we are using old source as base. He might have to merge the original genesis block into our release, or our release into more recent version.

Not sure. I am assuming no news is good news. Just waiting for msg from him that zeronet is ready to test.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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