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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2760168 times)
drsnuggles
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March 03, 2014, 02:05:19 PM
 #39821

Question about forging: what happens to a forging NRS server, if you open NRS without logging in? Does it keep on forging, or does it reset?
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ChuckOne
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☕ NXT-4BTE-8Y4K-CDS2-6TB82


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March 03, 2014, 02:11:37 PM
 #39822

Question about forging: what happens to a forging NRS server, if you open NRS without logging in? Does it keep on forging, or does it reset?

It keeps forging.
daysi
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March 03, 2014, 02:12:55 PM
 #39823


https://i.imgur.com/Z2lufxU.gif

  Tongue
klee
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March 03, 2014, 02:37:35 PM
 #39824

Hey guys, can someone else setup a testnet?
It is difficult for my friend to keep up maintaining it, he is changing jobs and is hell of a busy lately! Until Jean Luc makes the changes he said...
VanBreuk
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March 03, 2014, 02:56:55 PM
 #39825

Now give me an ETA for the next feature (AE) and we can have some fun.

www.nxtcountdown.com

Awesomee  Tongue

so 30 days and it will be live?? is that the agreed release date? oh 3rd of april to go along with the full release of source code right? nice job!

Live date to be determined soon, cool countdown will be updated accordingly. Source code was fully released two days ago Smiley
Mario123
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March 03, 2014, 02:57:03 PM
 #39826

Now give me an ETA for the next feature (AE) and we can have some fun.

www.nxtcountdown.com

Awesomee  Tongue

so 30 days and it will be live?? is that the agreed release date? oh 3rd of april to go along with the full release of source code right? nice job!

No no. in 30 Days, CfB has no job Grin I deleted the counter until we have an ETA.

Damelon
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March 03, 2014, 03:02:10 PM
 #39827

Now give me an ETA for the next feature (AE) and we can have some fun.

www.nxtcountdown.com

Awesomee  Tongue

so 30 days and it will be live?? is that the agreed release date? oh 3rd of april to go along with the full release of source code right? nice job!

No no. in 30 Days, CfB has no job Grin I deleted the counter until we have an ETA.

Then make a CfB Farewell Party counter intstead  Cheesy

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
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brooklynbtc
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March 03, 2014, 03:15:06 PM
 #39828

so my daughter was playing magnets and i saw what she wrote..




SN
S   U   P   E   R    N   E   T
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   
Uniting cryptocurrencies, Rewarding talent, Sharing benefits..

Blockchain Technology.

EmoneyRu
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March 03, 2014, 03:15:49 PM
 #39829


And he've done it.

Jerical13
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March 03, 2014, 03:20:09 PM
 #39830

I dont know why I thought it wasnt possible to do cold storage for the multisig deposit acct.

On a typical day, less than 10% of overall deposits would be withdrawn, maybe much less. There is no need for a super complicated shifting of funds to and from many multisig accts. We just need to have a multisig cold wallet using 2 of 3 signers where the signers would be Anon136, rickyjames and klee. When the gateway multisig acct gets excess deposits, each server would authorize transfer to the cold multisig wallet. When a big withdrawal comes in, then 2 of the 3 cold wallet signers would need to approve.

All of the deposits and withdrawals and multisig acct info would be public, so all these funds transfers will be visible to all.

The incentive for two of the three gateway operators to collude is reduced dramatically. The trust required for gateways drops 90% and shifts to the cold wallet trio.

What do you think?

James
Sounds smart. Plus it would seem the more accounts the funds are dispersed in the more secure they would be.

But that also raises a concern: Has anyone verified the legal / accounting requirements for establishing this holding account? Not trying to be a stick in the mud, but if there are going to be people signing anything you may want check in to this if you already haven't.
S3MKi
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March 03, 2014, 03:23:39 PM
 #39831

Do we have russian version http://www.youtube.com/watch?v=UuZH3a5MKik ??
VanBreuk
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March 03, 2014, 03:29:50 PM
 #39832

Do we have russian version http://www.youtube.com/watch?v=UuZH3a5MKik ??

Yep.

https://www.wetransfer.com/downloads/be8a26a566cda33630ca0e999e72e97320140302161354/fc4a9a2b4f207ef8cbeab7c595e8c5b120140302161354/61d147

Source.
Mario123
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March 03, 2014, 03:31:41 PM
 #39833

Uploading right now: http://youtu.be/wYCAo5PSW2E

Jerical13
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March 03, 2014, 03:33:46 PM
 #39834

What would differentiate a "Class A" asset from a "Class B" asset?

perhaps we could limit Class B Asset to not being able to have as many units/shares.


I see.

Although I like the idea, let us clarify what our goal is with this.

It's an interesting idea.

I think we should all remember BCNext's vision for NXT and his thoughts regarding fees.  I agree with BCNext wanting NXT fees to be low.  Imo, 1000 NXT for asset name registration is too high.  I think you should be able to register an asset name for 1 NXT.  By setting NXT fees high, we are excluding people from NXT because they cannot afford the registration price.  NXT should be for everyone.

Agreed. It shouldn't be anymore than a few USDs fi not 1 NXT.
cryptolawyer
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March 03, 2014, 03:42:02 PM
 #39835

I dont know why I thought it wasnt possible to do cold storage for the multisig deposit acct.

On a typical day, less than 10% of overall deposits would be withdrawn, maybe much less. There is no need for a super complicated shifting of funds to and from many multisig accts. We just need to have a multisig cold wallet using 2 of 3 signers where the signers would be Anon136, rickyjames and klee. When the gateway multisig acct gets excess deposits, each server would authorize transfer to the cold multisig wallet. When a big withdrawal comes in, then 2 of the 3 cold wallet signers would need to approve.

All of the deposits and withdrawals and multisig acct info would be public, so all these funds transfers will be visible to all.

The incentive for two of the three gateway operators to collude is reduced dramatically. The trust required for gateways drops 90% and shifts to the cold wallet trio.

What do you think?

James
Sounds smart. Plus it would seem the more accounts the funds are dispersed in the more secure they would be.

But that also raises a concern: Has anyone verified the legal / accounting requirements for establishing this holding account? Not trying to be a stick in the mud, but if there are going to be people signing anything you may want check in to this if you already haven't.

In light of the inevitable legal fallout from Mt Gox, this is a very wise suggestion.
Jerical13
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March 03, 2014, 03:49:08 PM
 #39836


It's an interesting idea.

I think we should all remember BCNext's vision for NXT and his thoughts regarding fees.  I agree with BCNext wanting NXT fees to be low.  Imo, 1000 NXT for asset name registration is too high.  I think you should be able to register an asset name for 1 NXT.  By setting NXT fees high, we are excluding people from NXT because they cannot afford the registration price.  NXT should be for everyone.

We should first talk about WHAT we want to accomplish and WHY. I don't want to hear "uh, it's interesting", "yeah, nice idea" or "BCNext said fee must be low".

I want your motivation behind this first. After we discussed that, we could talk about possible realization.

If you cannot pay 1000 NXT for an asset, then what is your asset going to do anyway?

If you paid 1 NXT for it would do the same thing as if you paid 1000 NXT for it. I don't see the motivation in setting it so high as 1000 NXT. It is kind of similar to the low gateway fees. Let people use the AE.  
farl4web
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March 03, 2014, 03:53:44 PM
 #39837

Now give me an ETA for the next feature (AE) and we can have some fun.

www.nxtcountdown.com
Cool! I added the link to my http://nxt.startpagina.nl.

Follow the latest blockchain news: https://twitter.com/farl
farl4web
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March 03, 2014, 03:54:50 PM
 #39838

so my daughter was playing magnets and i saw what she wrote..
She has a great gift!  Cheesy

Follow the latest blockchain news: https://twitter.com/farl
ChuckOne
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March 03, 2014, 03:54:52 PM
 #39839

If you paid 1 NXT for it would do the same thing as if you paid 1000 NXT for it. I don't see the motivation in setting it so high as 1000 NXT. It is kind of similar to the low gateway fees.

You do not create a new coin on a whim without effort. You have to put work into it. These 1000 NXT represent that work for now until the real world price of 1 NXT increases.

Let people use the AE.  

They can. They can buy and sell shares of assets.
grandpa_seth
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March 03, 2014, 04:09:28 PM
 #39840

rickyjames thank you for your work with the committee voting. Your pm to me was the straw that broke the camel's back. It pushed my lazy buns
to read the candidates' statements and vote. Everyone who has been ignoring or putting this off vote now.

**Warning**
The following is a bribed endorsement:

I sincerely believe brooklynbtc needs to be on the marketing committee. Please read his statement https://bitcointalk.org/index.php?topic=479167.msg5317734#msg5317734 . Even if you like the way marketing has been going so far we need someone with his point of view to balance things out. With the utmost respect, I do not like our marketing strategy thus far and do not believe it to be effective for what nxt is striving to be. If you agree then brooklyn needs to be in the house.
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