NXT :: descendant of Bitcoin - Updated Information

[btc2nxt]

about AE test

1. balance=2864
2. ask order (my asset)
  quantity:15, price=200(2nxt) fee=1
  quantity:10, price=300(3nxt)  fee=1
  balance=2862 Ok
3. bid order (my asset)
  quantity:25, price=300(3nxt)   fee=1
4.balance=2846
  should be 2864-3=2861
  so 2861-2846=15 is lost ( 25*3-15*2-10*3=15 )

Which client are you using?

coded myself
i have suggestion to tester, ask orders quantity*price don't get too high, below 100 may be ok, because i only have 2K+ left.

[joefox]

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

I think the concept of pools in Nxt is a non-starter: it doesn't make any sense, except under one scenario.

Pooling coins for Nxt has no impact on ROI. The effect is psychological. You'll get less Nxt more often, but you won't earn more Nxt than you would forging alone.

The only reason it makes sense is if you can't run software all the time, or are frustrated with having to update it every two days to keep from being left on a fork due to software changes and fixes.

People who want pools are people who believe (against all factual data) that pooling gives them additional reward. This is a fallacy and we should not support the belief.

People who want to "set it and forget it" have a valid argument, but IMHO not enough of one to warrant adding "pooled forging" to Nxt's core.

[^[GS]^]

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

Have to think about those who do not have enough to forge "faster".
In the end, for many forging is just an illusion.

[jl777]

Does anybody know if the getTrades API gets ALL changes in an assets ownership? I am assuming it gets all matched bid and ask orders, but does it also get all transferAsset txids?

I want to make sure I get any and all changes in asset balances.

James

Trades and transfers not linked.

So I need to combine all the txids from getTrades and transferAsset txids to calculate exact balance in all accounts of an asset.

I am assuming the txid from getTrades will be for the corresponding placeBidOrder or placeAskOrder.

I that is correct, I dont really need to know the exact price, but I am curious how to find out what price the trade executed at. If two people put in a bid and ask in the same block, with the bid higher than the ask, what is the executed price and how can I find that out in the blockchain?

James

[Mises_77]

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

As long as the big account holders dont pool their forging, it seems safe enough.

However, if we had nodecoin, that would let the small accounts gain daily rewards that they can see. I think that is what most people want to see. We can then just put in bids in AE for nodecoin so that it is actually worth NXT

Instead of pooled forging, can you port over multisig? That is much more important than pooled forging, since there are alternate solutions for that. Multisig is pretty fundamental.

James

I really feel nodecoin is needed. Many people don't really even understand what NXT even is. It will get the newbies in and into our NXT ecosystem. Nodecoin miners today will be NXT'ers shortly after.

[jl777]

Any updates on AE, what are we waiting for? can we set a date?

I am currently writing an AE audit program. It will make sure all asset balances are correct. I think we need to have this running while we have several active tradebots making all sorts of trades, big and small, from many computers.

If after a million trade brute force test, everything still reconciles, then it should be good to go

James

[DrearyUrbanite]

BTC38 is asking about which coin to add next on their exchange. Please take a few minutes to let them know about Nxt:

https://bitcointalk.org/index.php?topic=501963.msg5525645#msg5525645

Done - we're up at the moment with 35%

[Come-from-Beyond]

Isn't it much harder for NXT compared to Bitcoin to be 51%(NXT with 90%+ right?)

Just have multiple pools if I understand it correctly. It gives the little guy with <100k a chance to get something out of forging. Many people want an incentive to forge.

Nxt doesn't have 90% protection yet. TF is not completed.

[Come-from-Beyond]

Instead of pooled forging, can you port over multisig? That is much more important than pooled forging, since there are alternate solutions for that. Multisig is pretty fundamental.

Why do we need 2 ways to do a multisig?

[redsn0w]

good news, I have lobbied to add NXT on https://www.litebit.eu/

NXT will be ADDED NEXT THIS WEEK !!!!

this is big becausse you can buy NXT with mistercash, ideal, etc...


this is a new gateway to fiat also. MARKETING, GO PROMOTE IT PLS

Pin

NXT: 12088507821025750338

They will even add it THIS week !

https://www.litepaid.com/?set_lang=en

https://www.litebit.eu/en/

+1440

[wakasaki808]

Isn't it much harder for NXT compared to Bitcoin to be 51%(NXT with 90%+ right?)

Just have multiple pools if I understand it correctly. It gives the little guy with <100k a chance to get something out of forging. Many people want an incentive to forge.

Nxt doesn't have 90% protection yet. TF is not completed.

Ah okay. If anything lets get Nodecoin up and running successfully. Gives people that want to mine/forge something to gain consistently.

[Come-from-Beyond]

I that is correct, I dont really need to know the exact price, but I am curious how to find out what price the trade executed at. If two people put in a bid and ask in the same block, with the bid higher than the ask, what is the executed price and how can I find that out in the blockchain?

Trades have the price.

[pinarello]

good news, I have lobbied to add NXT on https://www.litebit.eu/

NXT will be ADDED NEXT THIS WEEK !!!!

this is big becausse you can buy NXT with mistercash, ideal, etc...


this is a new gateway to fiat also. MARKETING, GO PROMOTE IT PLS

Pin

NXT: 12088507821025750338

They will even add it THIS week !

https://www.litepaid.com/?set_lang=en

https://www.litebit.eu/en/

+1440

soon panic buy will kick in 

[EmoneyRu]

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

Current NXT circulation:
1. Buy NXT from initial stakeholder.
2. Register alias / send message / issue asset and pay fee to stakeholder.
3. Goto :1

As I always said, forging was created for stakeholders. You (community) always said that "when we'll have more transactions, fees would be better distributed". False! Forging is not dependent on fee in expected block. The only thing that will change is that stakeholders would get back their sold NXT faster.

Nxt is good platform. It is another P2P software like Bittorent. We need to find another way to prevent spam and get rid of NXT.

[joefox]

Instead of pooled forging, can you port over multisig? That is much more important than pooled forging, since there are alternate solutions for that. Multisig is pretty fundamental.

Why do we need 2 ways to do a multisig?

I'm torn on this. On one hand, multisig in Nxt's core adds transaction processing overhead that seems contrary to Nxt's agility- and efficiency-focused core. Nxt AT is a much better place for it, but not if the transaction cost is too high. Multisig should be a higher-level function that is "free with the cost of any transaction" (I.e. no or minimal additional fee/cost)

Ultimately, I don't think the Nxt core is the right place for multisig.

Putting it there because "Nxt AT isn't ready yet" would be a mistake.

[lingdu22]

Hey guys! I'm allwelder's friend.
If you want the price of NXT pumping up,
please go to https://bitcointalk.org/index.php?topic=501963.0 to vote NXT!!!
Www.btc38.com is the biggest Altcoins exchange in China.
It will be a great news to NXT if the site launch NXT!!!

Please!!!

[DrearyUrbanite]

More I think about Pooled Forging, more I don't like it. Does anyone have any ideas where this could lead to? Won't we face the same problem as Bitcoin (GHash)?

I put refactoring on hold until the community decides that it's safe for Nxt.

I think the concept of pools in Nxt is a non-starter: it doesn't make any sense, except under one scenario.

Pooling coins for Nxt has no impact on ROI. The effect is psychological. You'll get less Nxt more often, but you won't earn more Nxt than you would forging alone.

The only reason it makes sense is if you can't run software all the time, or are frustrated with having to update it every two days to keep from being left on a fork due to software changes and fixes.

People who want pools are people who believe (against all factual data) that pooling gives them additional reward. This is a fallacy and we should not support the belief.

People who want to "set it and forget it" have a valid argument, but IMHO not enough of one to warrant adding "pooled forging" to Nxt's core.

Actually pools will yield even less reward than forging solo since there is bound to be a fee.

[bitcoinpaul]

Personally, I don't like pools. They are counterproductive, they don't tell the message Nxt wants to give (decentralization), and they can be dangerous right now.

Maybe we should revisit the pool-idea in the future, when other things are ready.

[godt]

BTC38 is asking about which coin to add next on their exchange. Please take a few minutes to let them know about Nxt:

https://bitcointalk.org/index.php?topic=501963.msg5525645#msg5525645

Voted

[godt]

Why at nxtcrypto.org is not show this video as default - http://www.youtube.com/watch?v=UuZH3a5MKik  ? Like at bitcoin.org
For how long will be NXT.org starts ? Someone develops it ?