NXT :: descendant of Bitcoin - Updated Information

[ebereon]

whats going on with testnet??

cfb is asking about bugs, but how we can test without it?

[pinarello]

whats going on with testnet??

cfb is asking about bugs, but how we can test without it?

someone else have to set up new testnet, friend of klee doesnt have the time anymore.

we looking for someone who can set testnet up, we need it !

or we should implement AE straight to production.

[brooklynbtc]

Russia spent $10bn in gold today, just to pump up the ruble.

The bank raised its key lending rate by 150 basis points on Monday to 7 percent in an attempt to stem capital flight.

“We still have lots of room to raise interest rates ... and we can further increase our presence in the currency market,” Yudayeva said in an interview on the Rossiya-24 news channel.

and now look at the price of BTC, rising and taking us all with it because of this

[ChuckOne]

whats going on with testnet??

cfb is asking about bugs, but how we can test without it?

someone else have to set up new testnet, friend of klee doesnt have the time anymore.

we looking for someone who can set testnet up, we need it !

or we should implement AE straight to production.

Testnet will be available as soon as JL provides a switch in NRS.

Until then, is there somebody?

I would do it but do not have the hardware right now.

[Damelon]

Hey people,

As you may know I am in contact with a group of people who are working on a complete branding for Nxt to help with the marketing.

I have put together a questionnaire with some questions they have.

I would like as much input on this as possible, so if you want to take the time and help me help them get a clearer picture, that would be great.

There is no "right or wrong" in the questionnaire. If you want to keep your input off the forums, feel free to put it in a PM to me or email it to nxtcoinsNL@gmail.com.

I will compile it and send it to them in a few days. I will also report it in the marketing thread.

Thanks for your help!

Post with questionnaire is here:

https://bitcointalk.org/index.php?topic=412243.msg5487600#msg5487600

[swartzfeger]

also this helps to protect against domain squatting. thats a really big deal since the person who acquires a domain is the monopoly provider meaning he has the leverage to charge outrageous prices as soon as he knows that someone wants it. if we didnt put a price on it than people would go crazy and reserve every domain imaginable and anyone who wanted to issue an asset would have to pay CRAZY prices. The net effect of making asset registration cheap would be that getting the asset you wanted would be orders of magnitude more expensive than if there was simply a cost for registering to begin with.

*edit* incidentally i really like the idea of having tiers of asset classes. that gives us the best of both worlds.

You're looking at a squatter here. Neither proud nor ashamed to admit it. Ok, maybe a little bit of shame, but I'll take that up with a future therapist if NXT ever goes lunar.

I'm not sure if there are different 'types' of squatters. I've squatted aliases because 1) I see an opportunity and 2) I really have no other feasible way of expanding my NXT hodlings. None of my aliases were registered until after Dec 25, and some of the ones available were amazing.

How long have we been talking about Auroracoin? I registered AUR this morning. Squatting? Or people walking past a metaphorical bag of cash on a street corner? I'm asking this sincerely because I have mixed feelings about registering things I have no plans to personally use. With that said, on anything I have no plans to use, I'd never ransom them for exorbitant fees, or would simply give them away.

I'm torn on the AE fee of 1 vs. 1000. A fee of 1000 will stop people like me from issuing an asset; on the other hand, it will stop people like me from issuing an asset.

It will definitely limit the number of assets I will issue (I hodl about 7900 NXT).

Having a fee of 1000 won't stop squatting. Mitigate, but not stop.

The fear, I think, is the people who are squatting will control assets to further their self-interest vs. that of the community/ecosystem. Hopefully, people that do sit on an asset/alias will realize that the strength of Nxt is in their self-interest and act accordingly.

[pinarello]

whats going on with testnet??

cfb is asking about bugs, but how we can test without it?

someone else have to set up new testnet, friend of klee doesnt have the time anymore.

we looking for someone who can set testnet up, we need it !

or we should implement AE straight to production.

Testnet will be available as soon as JL provides a switch in NRS.

Until then, is there somebody?

I would do it but do not have the hardware right now.

Klee can you give more info? do we need to setup a new testnet from scratch, than what do we need?

or is it just waiting for the switch in NRS provided by J-L

[klee]

whats going on with testnet??

cfb is asking about bugs, but how we can test without it?

someone else have to set up new testnet, friend of klee doesnt have the time anymore.

we looking for someone who can set testnet up, we need it !

or we should implement AE straight to production.

Testnet will be available as soon as JL provides a switch in NRS.

Until then, is there somebody?

I would do it but do not have the hardware right now.

Klee can you give more info? do we need to setup a new testnet from scratch, than what do we need?

or is it just waiting for the switch in NRS provided by J-L

Probably tomorrow (21.35 here) will be ok again - I just don't want we to rely on him because this is very important.
Unless the switch will come soon (end of week) so there is no point in making a new testnet.

Currently there are 2 guys working on it, one IT (he provides us with the server) and a programmer - the problem is with the programmer, so we need someone competent to talk directly (email, skype) with my IT guy!

[pinarello]

Probably tomorrow (21.35 here) will be ok again - I just don't want we to rely on him because this is very important.
Unless the switch will come soon (end of week) so there is no point in making a new testnet.

Currently there are 2 guys working on it, one IT (he provides us with the server) and a programmer - the problem is with the programmer, so we need someone competent to talk directly (email, skype) with my IT guy!

sound like something from someone from the infrastructure team, is there someone willing to help here so we can go on with AE?

^[GS]^   ?
chanc3r      ?
ChuckOne    ?
EvilDave     ?
ferment     ?
marcus03    ?
pandaisftw   ?
Secondleo     ?

[klee]

Issues my pal will look tomorrow (to get an idea):

1)
> if anyone goes online, ask him to open port for API calls plz
> http://holms.cloudapp.net:6876/nxt?requestType=getState doesn't work and I suspect it's coz the port is blocked.

2)
btw, to fix my issue specifically -  edit conf/nxt-default.properties and set nxt.apiServerCORS to true - that should do it


From an earlier request from verymuchso (regarding Offspring testing):
3)

"I would like to continue to use your server for testing and developing Offspring but sadly can't no longer.

Since Offspring uses the java API (0.8.0 and up) and thus can no longer work with the *special* class files you make available at http://holms.cloudapp.net:6874/classes.zip

Would it be possible that you update or make available a version of your class files for version 0.8.0 and up? It would help me a lot in finishing the new Offspring version."

[eightspaces]

I am soooooo exited. Just now, I managed to forge a 22 NXT block :O

http://www.mynxt.info/blockexplorer/details.php?action=bk&bk=7649876548675003996

THIS IS SO SICK

Well that is ~$1 and you have 219'934 Nxt (~10491 USD) in ur account  

Sick and "exited" => the most unprofitable "coin" ever where forging isnt even an incentive for securing the network...?!?!

Isnt nxt forging completely flawed?

[ChuckOne]

also this helps to protect against domain squatting. thats a really big deal since the person who acquires a domain is the monopoly provider meaning he has the leverage to charge outrageous prices as soon as he knows that someone wants it. if we didnt put a price on it than people would go crazy and reserve every domain imaginable and anyone who wanted to issue an asset would have to pay CRAZY prices. The net effect of making asset registration cheap would be that getting the asset you wanted would be orders of magnitude more expensive than if there was simply a cost for registering to begin with.

*edit* incidentally i really like the idea of having tiers of asset classes. that gives us the best of both worlds.

You're looking at a squatter here. Neither proud nor ashamed to admit it. Ok, maybe a little bit of shame, but I'll take that up with a future therapist if NXT ever goes lunar.

I'm not sure if there are different 'types' of squatters. I've squatted aliases because 1) I see an opportunity and 2) I really have no other feasible way of expanding my NXT hodlings. None of my aliases were registered until after Dec 25, and some of the ones available were amazing.

How long have we been talking about Auroracoin? I registered AUR this morning. Squatting? Or people walking past a metaphorical bag of cash on a street corner? I'm asking this sincerely because I have mixed feelings about registering things I have no plans to personally use. With that said, on anything I have no plans to use, I'd never ransom them for exorbitant fees, or would simply give them away.

I'm torn on the AE fee of 1 vs. 1000. A fee of 1000 will stop people like me from issuing an asset; on the other hand, it will stop people like me from issuing an asset.

It will definitely limit the number of assets I will issue (I hodl about 7900 NXT).

Having a fee of 1000 won't stop squatting. Mitigate, but not stop.

The fear, I think, is the people who are squatting will control assets to further their self-interest vs. that of the community/ecosystem. Hopefully, people that do sit on an asset/alias will realize that the strength of Nxt is in their self-interest and act accordingly.

Why should you issue an asset if you have no idea how to use it? Just having an asset is like creating a altcoin without any features.

[wakasaki808]

I am soooooo exited. Just now, I managed to forge a 22 NXT block :O

http://www.mynxt.info/blockexplorer/details.php?action=bk&bk=7649876548675003996

THIS IS SO SICK

Well that is ~$1 and you have 219'934 Nxt in your account  Sick == the most unprofitable coin ever where forging isnt even an incentive for securing the network...?!

Isnt nxt forging completely flawed?

which is why we will see things like nodecoin v2.0 and stuff in the future to give incentive to help secure the network. For the people that want to gain something by doing it.

Forging is a good-deed. I do it because it costs little power and I am helping to do good for NXT.

[crypto_girl]

I am soooooo exited. Just now, I managed to forge a 22 NXT block :O

http://www.mynxt.info/blockexplorer/details.php?action=bk&bk=7649876548675003996

THIS IS SO SICK

Well that is ~$1 and you have 219'934 Nxt (~10491 USD) in ur account  

Sick and "exited" => the most unprofitable "coin" ever where forging isnt even an incentive for securing the network...?!?!

Isnt nxt forging completely flawed?

From what I understand it isn't profitable right now but when/if NXT has a similar transaction count as VISA or MasterCard it will be different.

[eightspaces]

I am soooooo exited. Just now, I managed to forge a 22 NXT block :O

http://www.mynxt.info/blockexplorer/details.php?action=bk&bk=7649876548675003996

THIS IS SO SICK

Well that is ~$1 and you have 219'934 Nxt in your account  Sick == the most unprofitable coin ever where forging isnt even an incentive for securing the network...?!

Isnt nxt forging completely flawed?

which is why we will see things like nodecoin v2.0 and stuff in the future to give incentive to help secure the network. For the people that want to gain something by doing it.

Forging is a good-deed. I do it because it costs little power and I am helping to do good for NXT.

  God I dislike forging.  My hundreds of thousands of Nxt earn wizen peanuts in stake as well, my VPS costs me way more to contribute to the network than I can earn. We are just those who host the network for the greedy 50M+ stakeholders forging all the blocks.  I have to rethink this, considering that I really love(d) Nxt.

Fuck forging $0.1-1 with 200000+ Nxt. This is ridiculous.

[wakasaki808]

I am soooooo exited. Just now, I managed to forge a 22 NXT block :O

http://www.mynxt.info/blockexplorer/details.php?action=bk&bk=7649876548675003996

THIS IS SO SICK

Well that is ~$1 and you have 219'934 Nxt in your account  Sick == the most unprofitable coin ever where forging isnt even an incentive for securing the network...?!

Isnt nxt forging completely flawed?

which is why we will see things like nodecoin v2.0 and stuff in the future to give incentive to help secure the network. For the people that want to gain something by doing it.

Forging is a good-deed. I do it because it costs little power and I am helping to do good for NXT.

  God I dislike forging.  My hundreds of thousands of Nxt earn wizen peanuts in stake as well, my VPS costs me way more to contribute to the network than I can earn. We are just those who host the network for the greedy 50M+ stakeholders forging all the blocks.  I have to rethink this, considering that I really love(d) Nxt.

remember there are no new coins being minted. Such as those in Peercoin, MINT, etc. where they haven't hit there max supply which is why you gain "stakes". NXT forging is based on transaction fee's that happen in the network. More transaction's being placed = more blocks with 1< NXT inside of it.  Also there is only 2 accounts (based on the blockchain) with more than 50+M NXT, much less compared to the early days.

[Anon136]

also this helps to protect against domain squatting. thats a really big deal since the person who acquires a domain is the monopoly provider meaning he has the leverage to charge outrageous prices as soon as he knows that someone wants it. if we didnt put a price on it than people would go crazy and reserve every domain imaginable and anyone who wanted to issue an asset would have to pay CRAZY prices. The net effect of making asset registration cheap would be that getting the asset you wanted would be orders of magnitude more expensive than if there was simply a cost for registering to begin with.

*edit* incidentally i really like the idea of having tiers of asset classes. that gives us the best of both worlds.

You're looking at a squatter here. Neither proud nor ashamed to admit it. Ok, maybe a little bit of shame, but I'll take that up with a future therapist if NXT ever goes lunar.

I'm not sure if there are different 'types' of squatters. I've squatted aliases because 1) I see an opportunity and 2) I really have no other feasible way of expanding my NXT hodlings. None of my aliases were registered until after Dec 25, and some of the ones available were amazing.

How long have we been talking about Auroracoin? I registered AUR this morning. Squatting? Or people walking past a metaphorical bag of cash on a street corner? I'm asking this sincerely because I have mixed feelings about registering things I have no plans to personally use. With that said, on anything I have no plans to use, I'd never ransom them for exorbitant fees, or would simply give them away.

I'm torn on the AE fee of 1 vs. 1000. A fee of 1000 will stop people like me from issuing an asset; on the other hand, it will stop people like me from issuing an asset.

It will definitely limit the number of assets I will issue (I hodl about 7900 NXT).

Having a fee of 1000 won't stop squatting. Mitigate, but not stop.

The fear, I think, is the people who are squatting will control assets to further their self-interest vs. that of the community/ecosystem. Hopefully, people that do sit on an asset/alias will realize that the strength of Nxt is in their self-interest and act accordingly.

i never blame people for responding rationally to incentives. if assets were free to register i would probably register as many as i could as well, while still disagreeing with the general premise. its just another example of the tragedy of the commons. my interest is not in blaming people for being rationally self interested, but in crafting an incentive structure where rational self interest leads to outcomes that maximize utility.

[TwinWinNerD]

I am soooooo exited. Just now, I managed to forge a 22 NXT block :O

http://www.mynxt.info/blockexplorer/details.php?action=bk&bk=7649876548675003996

THIS IS SO SICK

Well that is ~$1 and you have 219'934 Nxt (~10491 USD) in ur account  

Sick and "exited" => the most unprofitable "coin" ever where forging isnt even an incentive for securing the network...?!?!

Isnt nxt forging completely flawed?

You don't get it? Right?

If i had invested 10.000$ into mining hardware i would end up with about 11.000$ bitcoins (if you are lucky ) somewhere in the future with worthless mining rig.
Now i invested 10.000$ (actually way less) and profit from all the appreciation of the currecny. Also i get about 0.5% intrest, all i have to do is run the java applet in the background, it uses near zero resources.

[pandaisftw]

I am soooooo exited. Just now, I managed to forge a 22 NXT block :O

http://www.mynxt.info/blockexplorer/details.php?action=bk&bk=7649876548675003996

THIS IS SO SICK

Well that is ~$1 and you have 219'934 Nxt in your account  Sick == the most unprofitable coin ever where forging isnt even an incentive for securing the network...?!

Isnt nxt forging completely flawed?

which is why we will see things like nodecoin v2.0 and stuff in the future to give incentive to help secure the network. For the people that want to gain something by doing it.

Forging is a good-deed. I do it because it costs little power and I am helping to do good for NXT.

  God I dislike forging.  My hundreds of thousands of Nxt earn wizen peanuts in stake as well, my VPS costs me way more to contribute to the network than I can earn. We are just those who host the network for the greedy 50M+ stakeholders forging all the blocks.  I have to rethink this, considering that I really love(d) Nxt.

Fuck forging $0.1-1 with 200000+ Nxt. This is ridiculous.

I simply setup my node on a VPS, and I've forgotten about it for a week or so. It's really not that much of an hassle, the devs have done good work to make it really stable (anyone remember the early days?)

Instead of staring at the "Time to forge next block..." timer, I think you'd be better off (and less frustrated) by thinking of bright ideas that will take advantage of features NXT has to offer, like the Asset Exchange.

[Eadeqa]

Arurra is good example of how human behave. When they see big "+" on coinmarket they buy even more.

This is something that Nxt users should keep in mind. keeping prices low or negative deliberately doesn't mean people are going to buy more. They buy it when prices are way up in last 24 hours.