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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756410 times)
antanst
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March 07, 2014, 06:36:12 PM
 #41621

I think they know if they don't stop selling some time soon to let NXT breathe, they kill NXT, simple as that.

No it's not simple. If the initial investors stop selling NXT, it will negatively affect it's health.

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March 07, 2014, 06:43:32 PM
 #41622

I think they know if they don't stop selling some time soon to let NXT breathe, they kill NXT, simple as that.

No it's not simple. If the initial investors stop selling NXT, it will negatively affect it's health.

The low price is signalling the lack of confidence to many, so it's not exactly healthy either.
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March 07, 2014, 06:44:06 PM
 #41623

Sounds mysterious, I see you have been speaking with CfB too much.

So true. LOL.
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March 07, 2014, 06:52:05 PM
 #41624

I had a very interesting chat with one of my economist friends. He asked me a question, which I would like to forward to you, as I am very keen to hear what you think about it.

What gives value to Bitcoin? Why would someone buy 1 digital currency for $1000?


He looks at Bitcoin as a type of Ponzi scheme: all people joining Bitcoin after you, make you money.

Your friend must be a true "economist"... What gives value to anything (fiat, gold, stocks, your time)? The fact that someone else is willing to give you something for it.

If all the people joining bitcoin after me are only willing to pay less than I did, they will never make me a dime.

I love "economists" that don't understand the basic principle of market and exchange of value. They're simply brainwashed by government and their "precious" fiat.

But gold is used for manufacturing, so the price of gold NOT only dependent of speculation as the price of Bitcoin is. What can Bitcoin be used except of sending money back and forth?

What gives Fed. Reserve notes value? There is a demand for them. This is a legislated demand in the sense that they are what the government accepts for payment of debt; despite the fact that they are just pieces of paper that have no sustainable market value and their value can be manipulated by forces outside the market, and therefore the use of Fed. Reserve notes is not beneficial to the users of the market.

 What gives Bitcoin (and other cryptos) value? There is a demand for them; Due to the fact that there is a need for a stable decentralized currency whose value is not subject to tampering from forces outside of the market. In short, Bitcoin and other cryptos have value because people want a free market economy, and there is a demand for a currency to facilitate trade in that free market that cannot possibly be filled by traditional fiat currencies; and the value of Bitcoin is based in peoples confidence in it, as a currency for that free market, to fill that need that fiats can't fill.

Where did your friend get his economics training?

The value of Bitcoin is everything but not stable. And it is still depending on fiat as the value of bitcoin is represented in fiat. You can buy an iphone for 1 bitcoin today, as the price of btc is 600 usd. If the price goes to 1200, you pay 0,5 btc. So bitcoin is just another currency depending on usd and eur.

It is stable in respect of market value. I do agree that Bitcoin  has been subject to large swings in value; but that value is dictated by the market and not manipulations from outside influences. (interest rate fixing, Total currency in circulation). There is no one or no group like the Federal Reserve that can artificially fix the value of Bitcoin by means of controlling the issuance of currency or by fixing interest rates that affect aspects of the market. Bitcoin has had issues with its value being unstable; but every case has had to do with issues of trust in Bitcoin itself (ie Chinas  temporary restrictions on exchanges or Mt. Gox security issues), and these are market based reasons for its value changes; and reflect on issues and problems with Bitcoin that have an effect on peoples confidence in it as a currency. These issues that have had an effect on the value of Bitcoin I view as "growing pains" for the crypto market. With the growing acceptance (Cryptos have been accepted by several bodies of government as legal tender which helps to set precedence and establish public trust in them for the future), and more wide spread public knowledge and education about cryptos, and with the continued evolution of cryptos to address the short comings of Bitcoin, I think it is most probable that cryptos in general will become less prone to these confidence and trust issues; and less prone to such big swings in value.

As far as its relationship to fiat, there is no link between fiat value and crypto value, as is indicated by the difference in exchange rates of fiat to cryptos over a length of time. If Bitcoin has a gain in purchasing power compared to Euros or USDs the purchasing power of fiats is not affected and the same is true in reverse. Any changes in the purchase power of fiats is independent of the changes in purchase power of cryptos and there value is not dependent on one and other.
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March 07, 2014, 06:53:18 PM
 #41625

** Ridiculous **

All I've done is volunteer time over the last few months trying to assist Nxt.  I've had quite a bit of experience in other communities and wanted to help move Nxt forward, nothing more. During this committee election, I received a PM from someone in the community letting me know about some of the dirty tactics being used:

"Two members from CoinTropolis are ahead of me, what does that say about NXT? Are we going to let another Charity site hijack our marketing plans? Seems like a fix, and with two of them we'd be stacking NXT for giving coins to one specialized charity. "


Relax.

Nobody can make everybody happy. There will be friction all the time. Do not be discouraged by such statements. As long as you do it for the community, such statements do not matter.

Chill, some people when they really want something step to far... if it was posted on here and every started bitching and agreeing then ok... but don't ditch this community because someone is trying too hard in the wrong way...
This ballot aint fixed,,,,, we have our electoral officer to thank for that.

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salsacz
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March 07, 2014, 06:55:18 PM
 #41626

NXT is a top volume DAC currency: http://dacindex.com/

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
mcjavar
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March 07, 2014, 07:02:43 PM
 #41627

Good morning Nxt community.  There are calls for cohesive marketing for Nxt and questions of how a decentralized network works and/or organizes itself.  I am representing Nxt at the Coinsumm.it Decentralized Applications panel discussion with Vitalik Buterin and David Johnston which will be moderated by Adam Levine of Let's Talk Bitcoin.  I am one of the public faces of Nxt and I need help developing a web site to promote the numerous advantages of utilizing the Nxt blockchain.  I am a better writer and speaker than I am coder and/or graphic designer.  

I need people who can help me roll out a dynamic PHP and MySQL site hosted on Openshift. I have a domain already registered and forwarded. I have the site set up on Openshift running on Wordpress, ready for developer access through SSH git commands (clone, merge, pull, add, push) with sample content up and an example of what (I think) should look like.  I will only start a separate thread for this project when it is ready for live marketing release.  

I am not caught up on this thread totally yet, but needed to fire this help request out sooner than later.  

James JL777 Thank you for your hard work.  Nxt community please do absolutely everything you can to assist James in rolling out the Nxt AE.  The timing is critical on the release of this feature.  It is encouraging to hear all the reports of the robust AE operation.

PM me please if you can help.

I'm glad to have you with us.
Let me know if you need anything the community can help you with.
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March 07, 2014, 07:03:42 PM
 #41628


We don't necessarily need to duplicate the SR model, we just have to find something that is equally useful. I would try a simpler design, where the buyer contacts the seller directly using encrypted messages. Information about reputable sellers is already discussed on the forums, so there is no need to publically announce who sells what.

1. Buyer sends message to query available products. Seller responds.
2. Buyer sends coins, name of product and physical address
3. Seller responds with order rejected or accepted.

I agree that having secure ways of mixing coins is not necessary, because there are already mixers for Bitcoin.

The question of having a reputation system and escrow is more tricky. I'm not sure that having a traditional feedback and escrow system is the best solution. Discussions on the forums already work as a kind of a reputation system.

Having a user-friedly client for this would be important.


EDIT: The seller-side software would run continuously on the seller's computer, keep track of the inventory and automatically respond to the buyers' queries.


If we have escrow AT (which has been discussed and is very possible) and a reputation system based on Tx id, with buyer/seller verified, (which will be added soon to clients) it will be close to possible.  I suggest decentralized marketplaces that are distributed with torrent like files downloaded to clients and then viewable via GUI.
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March 07, 2014, 07:05:16 PM
 #41629

Nxt :: Asset Exchange Test


Please send me some test cases so I can upload them to the test management platform.
antanst
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March 07, 2014, 07:07:12 PM
 #41630

The low price is signalling the lack of confidence to many, so it's not exactly healthy either.

Low price isn't necessarily a bad indicator. Distribution is more important at those early stages.

chanc3r
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March 07, 2014, 07:10:50 PM
 #41631


I agree, if its real the military will steal it..
If its real people will kill to get one (literally probably).
but watching it made my day
so thanks for posting....

and I SOOOO WANT ONE !!!!!

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salsacz
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March 07, 2014, 07:13:50 PM
 #41632

Please follow Nxt twitter accs and retweet their statuses sometimes:

https://twitter.com/comefrombeyond
https://twitter.com/NextCoin
https://twitter.com/Nextcoin24
https://twitter.com/nextcoins
https://twitter.com/NxtBerzerk
https://twitter.com/NXTCoin
https://twitter.com/NXTcoin_de
https://twitter.com/nxtcoinfr
https://twitter.com/NxtcoinsNL
https://twitter.com/NxtCrypto
https://twitter.com/Nxtgids
https://twitter.com/Nxter_org
https://twitter.com/NxtForge
https://twitter.com/NXTmovement
https://twitter.com/NXTSpain
https://twitter.com/salsacz
https://twitter.com/shin_nxt

Like us at Facebook:
https://www.facebook.com/nxtcrypto

Subscribe us at reddit:
http://www.reddit.com/r/nxt/

And when we post anything to http://www.reddit.com/r/CryptoCurrency/ , up it Smiley


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March 07, 2014, 07:16:44 PM
Last edit: March 07, 2014, 07:28:26 PM by gs02xzz
 #41633

Altcoin pannel with Rickey from Texas conf online: http://www.youtube.com/watch?v=E1oqFRROW7M

+1. Ricky did a great job! Thanks!
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March 07, 2014, 07:20:00 PM
 #41634

The low price is signalling the lack of confidence to many, so it's not exactly healthy either.

Low price isn't necessarily a bad indicator. Distribution is more important at those early stages.



we whales guarantee you a stable price on 0.00007 for years to come, not to high and not to low Cheesy

interesting coin this is stable as a rock Cheesy

and if we persist nobody will even look at nxt in 1 month Grin

for the stupid amongst you if price does not move means we selling like crazy to get rid of our 50M of coins, we can go on for years Roll Eyes
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March 07, 2014, 07:29:47 PM
 #41635

 
Huh
needs a content:
Quote
Here I propose a ternary paradox, that the natures of decentralization, security and environment protection constitute an impossible trinity. (Graph two) A crypto-currency which is both environmentally-friendly and secured would absolutely want to be centralized, like PPcoin, Nextcoin and Ripple. These coins either contain aspects of centralized structure, or their decentralized structure is not sustainable, with a Paypal-like centralized verification mechanism. A crypto-currency which is both environmentally-friendly and decentralized would be unsecured, like P2P currencies of ‘one-IP-address-one particular-vote,’ which are currently excluded by Satoshi. He believed that if the majority have been based on ‘one-IP-address-1-vote,’ it could be subverted by anybody able to allocate many IPs.5 If 1 designs a secured decentralized currency, it should come with the expense of consuming energy and calculation energy. PoW is the initial answer to construct a verification method in the type of decentralization, and will probably be the only one particular.
http://cryptocoinupdates.com/the-impossible-trinity-security-environment-protection-and-decentralization/

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March 07, 2014, 07:32:59 PM
 #41636

Here is version 2.3 of my Windows/Mac OSX NXT client "NXT Solaris".


Changelog

-Fixed display of aliases and messages (open-source version)
-Transaction list didn't update currency display when switching currencies (open-source version)
-Fixed account balances not showing up in the account list(open-source version)
-Fixed account balances not updating in the account list(open-source version)
-Version number now showing up correctly (open-source version)
-Fixed an access violation on Mac OSX


Download
64-bit Windows Version: NXTSolaris-v2.3-Win64bit.zip (30.7 MB) – Download here
SHA256 checksum for NXTSolaris-v2.3-Win64bit.zip: 776B753E0052DFD8A40684B7F14AFA212038707DF6D8BCBE621D43EB7AFC2483

32-bit Windows Version: NXTSolaris-v2.3-Win32bit.zip (28.6 MB) – Download here
SHA256 checksum for NXTSolaris-v2.3-Win32bit.zip: 2EB812FD9E4A30ACEB0C037CC43515EFCD03809018E8EC8F64DBD49D8722DEF3

32-bit Mac OSX Version: NXTSolaris-v2.3-OSX32bit.zip (27.0 MB) – Download here
SHA256 checksum for NXTSolaris-v2.3-OSX32bit.zip: 5012A52EEC62F1DE1CA58DEBDF785E020BD94846BA805695EDE1C89A4805D15B


For screenshots and everything else please visit: http://nxtsolaris.wordpress.com/


Installation
Simply unzip the archive and run the NXTSolarisStarter.exe file.

The current version 2.3 is compatible with the previous versions 2.2 and 2.1. To update, simply overwrite the existing files with the files in the 2.2 archive.


TODO list
-Stability and performance
-Arbitrary message encryption
-Offer a simple and advanced GUI, with the simple GUI targeted at new users



Donations
I hope you like my client and I’d be extremely happy to see some donations for the future of this project!

NXT: 1758531264253431177
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March 07, 2014, 07:33:45 PM
 #41637

http://devtome.com/doku.php?id=making_bitcoin_work_part_2

Quote
Alt coins also improve on things that Bitcoin is not so good at. Bitcoin may be the first cryptocurrency, but it's not the only or even the best one. As people have noticed things that Bitcoin simply cannot do, they have created alt coins which do those things. For example there is nothing in the Bitcoin protocol which allows for open source developers and artists to be compensated in any sort of sustainable way. But the Devcoin protocol does allow this. The Bitcoin network is highly energy intensive which many have complained means bad things for the environment, carbon footprint, etc. Next coin has a network which runs on entirely different technical specifications and was created to use much less computer power while still being secure. Next is a much greener coin than Bitcoin will ever be, and it's not the only one. Some alt coins have been created specifically to serve a particular industry or to accomplish a particular goal. UFO coin aims to compensate people who contribute their stories of UFO sightings to a specific website (a bit like a Devtome with a much narrower focus). Doge coin is all about a popular Facebook meme. Franko and Aurora were created to serve specific geographical communities.

There are so many alt coins out there that for just about any niche use and market you can imagine there is likely to be an alt coin that's perfect for it. If there isn't already, there soon will be. It is true that many of the alt coins will ultimately fail, so I don't recommend indiscriminately buying or mining any of them. But you can certainly learn about them, get to know who's involved and in that coin's community, and get some sense of the strength of its fundamentals. You may find ways to earn alt coins that are even easier than earning Bitcoins, or you may manage to get in on the ground floor of the next successful alt coin.

I have purchased a lot of Bitcoin over that past year, but back when Bitcoin was priced at $90, I was too cheap to spend $90 on an entire Bitcoin–I probably purchased a total of around 0.75 BTC when it was all said and done. The rest of the Bitcoins I own or owned, I have purchased with Devcoins. Ultimately I've traded my writing for Bitcoins, and then those for fiat. Alt coins matter.

Some alt coins provide their own investment opportunities. The major Next coin exchange, DGEX, is in the midst of its IPO. I bought some shares of it and am looking forward to weekly dividends.

How do I know about any of this? The Bitcoin community. You can't put a price tag on that kind of value. And it's free to join.

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bitcoinpaul
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March 07, 2014, 07:34:34 PM
 #41638

Altcoin pannel with Rickey from Texas conf online: http://www.youtube.com/watch?v=E1oqFRROW7M

Great job, rickyjames!

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March 07, 2014, 07:35:05 PM
Last edit: March 07, 2014, 08:10:11 PM by pandaisftw
 #41639

I just woke up, so here was my idea:

Asset Exchange Enhancement

Here is a snippet of what I sent a community member:

Quote from: pandaisftw
A) Using a URL embedded in the asset description, the client would then be able to communicate with the URL

B1) The client sends a random string to the URL. The server behind the URL should then sign the string with the asset issuer's Auth Key and return this to the client. If the Auth key is valid, this should prove that the URL is in fact owned by the asset issuer. This will ensure that even if the URL is somehow redirected, the attacker would still need the asset issuer's private key.

B2) If B1) doesn't work, use some method of key signing (such as curve25519) which would allow the client to validate the URL (I explain this process in the attached doc).

c) Once the URL is verified to be owned by the asset issuer, it would pull information provided by the URL and overlay that onto the asset. This will allow much greater flexibility in the Asset Exchange, as well as allow "duplicate named" assets as well as being able to categorize assets efficiently.

I feel that this will be an extremely important feature, especially for services that will have to register a lot of assets that may be squatted by those wishing to make a quick profit at the service's expense. The NXT game we are working on is planning to use the Asset Exchange to provide liquidity for the exchanging of items, but it would be much better if players could easily find all of our items easily, instead of having arbitrary names which can be squatted. We can even include pictures!

To explain better, I have prepared a document (with visuals) here:

https://docs.google.com/presentation/d/1yPt4x8V6015atQlszXj-IloOkUvDRdt15rsxPxy2jiQ/edit?usp=sharing

I'm not 100% sure how NXT Auth Keys work - instead of a website, I think you can provide a random string (in the website field) that the server would then hash using their Auth Token. But I provided the second solution just in-case that was not possible.

NXT: 13095091276527367030
ZeroTheGreat
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March 07, 2014, 07:39:43 PM
 #41640

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.

Hubs - option to decrease dispersion of forging, nothing more. Yeah, there can be unsafe situation, if some hub grow too big. But users can cancel leasing, if hub'll cheat or even if'll just grow enough.

If we're assuming leasers become not aware of situation in future, Nxt'll fail anyway as decentralized system. Not cos of some malicious hub, soceng. attack'll be enough. And if they'll be aware much of the time, dangerously big hub simply'll not appear.
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