NXT :: descendant of Bitcoin - Updated Information

[EvilDave]

On Nodecoin/NXTcoin:

1) Who will buy them? It seems to me that it will follow the mine & dump path, so:
2) It will devalue NXT

2 seems to contradict 1.  IMO, the more active nodecoin is, the more valuable NXT is

either people will run nodes as forging pools or we need people to run nodes and find a way to reward them...
nodecoin can provide proof of the work someones node has done irrespective of how much NXT they have...
let STOP thinking of it as another crypto currency but as a proof of a nodes work which needs rewarding with NXT
this reflects the contribution of the node to the stability of the NXTwork? (whatever the collective noun is for a collection of NXT nodes)
lets not think of it as a coin... so I'm going to call it something different - don't care what just want to ditch coin.

suppose in january 2014 NXTWork PoW Demon or its equivalent generates NXTWork201401 and in february NXTWork201402
now suppose we have a bounty for operating nodes each month
when january is complete ,we will know how much work the NXTwork has done in terms of NXTWork201401 tokens.
we know the january bounty -  divide the number of NXTWork201401 tokens their are, create one order for the total at a unit cost that spends the bounty and buys back all the issued tokens.
everyone can redeem their NXTWork201401 for a share of the bounty...
then delist the NXTwork201401

Repeat in 201402
Repeat....

If the bounty drops too low - people will stop running nodes.. if this affects the NXTWork, people who want to have a better NXTWork will increase the bounty and people will run nodes.... If it doesn't then the NXTWork bounty and the number of nodes will balance each other.

A bit crazy perhaps but it does provide a natural elasticity to allow the community to drive the performance of the NXTWork (sorry couldn't stand typing NXT Network)

+1 Sounds good to me, avoids the competing with NXT aspect, while rewarding node providers.
Pretty much an ideal solution, and it looks fairly simple to implement.

Jumping a motorcycle on to the next point;

I fully understand you, but I also believe that knowledge should be rewarded.

We all think like that. Until now, u wrote some text (posted a few lines yaddayadda here). There is nothing that could be recognized as knowledge yet.

U surely understand that.

When Dr. Evil exposed flaw, he did it in a noble manner. For that, he gained both (financial) reward and well-deserved respect, u see. That was truly cool, u see. That was not the "yo man I drive expensive cars and trade $100k at kraken, I'm the shit and can easily create nxt out of thin air, man" attitude... ah.

+1440  

If E-K has a bug, he should show it to us, and rely on our natural generosity. Shit, Dr Evil showed up, shared his work with us and we just threw large piles of cash at him. Thats how we do it round here....
 

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[EvilDave]

Guys/girls/things:

I'd just like to say 'Hi' to the NXT community, in my capacity as Infrastructure Committee spokescreature.

As u may remember, the Inf-Com (less typing) consists of :

marcus03, chanc3r, ferment, ChuckOne and myself.

We've been busy over the last few days since the election, setting up procedures and collaboration tools, as well as considering a few proposals that heve been submitted to us and trying to define our precise role in the further development of NXT.

Most of our work so far can be seen on:
https://bitcointalk.org/index.php?topic=506757.0

I'm also going to cross post some of the above to nxtcrypto and nextcoin.org, if I find some time.

I'd like to thank all of the NXT community for their trust in us, and remind you all that we are very much open for business.
So, if you have any brilliant ideas/proposals/rantings/requests for funding, get in touch either on our main thread above, or via PM.

Important question: Is Nodecoin (new name needed) an issue for Inf-Com or TechDev-Com ?  
  

[allwelder]

Run Wesleyh NxtWallet :
It is useful when click on the ID,the acc will be copied to clipboard.

Where can I found my transaction history,such as ,creation alias,transfer,or issued asset?

[ferment]

Guys/girls/things:

I'd just like to say 'Hi' to the NXT community, in my capacity as Infrastructure Committee spokescreature.

As u may remember, the Inf-Com (less typing) consists of :

marcus03, chanc3r, ferment, ChuckOne and myself.

We've been busy over the last few days since the election, setting up procedures and collaboration tools, as well as considering a few proposals that heve been submitted to us and trying to define our precise role in the further development of NXT.

Most of our work so far can be seen on:
https://bitcointalk.org/index.php?topic=506757.0

Everyone can also see our list of issues that we've been brainstorming all week. Please post ideas to the thread above or PM us and we'll get them onto the issue tracker for discussion and review.

https://bitbucket.org/nxtinfrastructure/committee/issues?status=new&status=open

[VanBreuk]

Guys/girls/things:

I'd just like to say 'Hi' to the NXT community, in my capacity as Infrastructure Committee spokescreature.

As u may remember, the Inf-Com (less typing) consists of :

marcus03, chanc3r, ferment, ChuckOne and myself.

We've been busy over the last few days since the election, setting up procedures and collaboration tools, as well as considering a few proposals that heve been submitted to us and trying to define our precise role in the further development of NXT.

Most of our work so far can be seen on:
https://bitcointalk.org/index.php?topic=506757.0

Everyone can also see our list of issues that we've been brainstorming all week. Please post ideas to the thread above or PM us and we'll get them onto the issue tracker for discussion and review.

https://bitbucket.org/nxtinfrastructure/committee/issues?status=new&status=open

This is a great setup! Very informative and organized. Thank you.

Are Tech-Com and Mark-Com preparing a similar tracker?

[Touque]

on the subject of nodecoin value,

They have shot up in the price from .1nxt to .9nxt 900%! in a few hours!

TO the NODE MOON!

Ok. 1 nodecoin=1 NXTcoin.   NXT are no longer scarce any more. New redistribution starts. You are robbing nxters, especially the whales.

[kunibopl]

Hi guys,

couldn't follow the latest developments, but now I need a little help from a javascript guy.
I have a marketing product ready for Nxt and just have to finish the website.
Main work is done, just a simple script won't do as I wish it should.
maybe 10 mins of work.

will appreciate this..

pm me

thx

[rickyjames]

are there any engineers here who can double check some math for me?

depend what it is.

https://bitcointalk.org/index.php?topic=455861.msg5663657#msg5663657
thanks for taking a look either way

Huh, instead of a code question you ask a science question about silver.  At last I am in my element (if you'll pardon the pun)!

First of all, something I ran across while researching this that is just plain cool:

http://www.capturedlightning.com/frames/shrinkergallery.html

Here's somebody that talks about shrinkage while casting silver bullets:

http://www.patriciabriggs.com/articles/silver/silverbullet4.shtml

As far as cast silver shrinkage goes, here's a few other references for you to consider.  First, the shrinkage occurs in three stages:

http://thelibraryofmanufacturing.com/metalcasting_operation.html

Also, the thermal coefficient of expansion for silver varies with temperature, from 18.9 at room temp to 27.1 at 1100 K.  This says the first order approx for cubic vol expansion is roughly 3 times that which is 56.7 to 81.3 - in the range you were quoting:

http://www.kayelaby.npl.co.uk/general_physics/2_3/2_3_5.html

Next, this guy measured silver volume expansion in his lab setup in preparation for measuring a copper-iron alloy.  He got  2.56% on cooling and 3.58% on heating, against a tabulated value of 3.4-3.8%.  See pg 20 of the PDF, page 7 of the thesis:

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCgQFjAA&url=http%3A%2F%2Fwww.diva-portal.org%2Fsmash%2Fget%2Fdiva2%3A218833%2FFULLTEXT01.pdf&ei=-AQhU_vTBsulkQeT4IHQDw&usg=AFQjCNFLhKymiTGSwBWr-prG1LsriM2udA&sig2=HEbEyhcf_FZMEzfRQqqPsQ&bvm=bv.62922401,d.eW0

The book he lists as Ref 32 (the 1976 edition of Smithells Metals Reference Handbook) is here:

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0CC4QFjAB&url=http%3A%2F%2Fworldtracker.org%2Fmedia%2Flibrary%2FEngineering%2FMetallurgy%2FSmithells%2520Metals%2520Reference%2520Book%2520(7th%2520Edition).pdf&ei=gAchU9LyHdDSkQfRj4CoAQ&usg=AFQjCNGsZHjMhb-8NW473q7STxAsIM5raQ&sig2=3uvHS5OGsAXxnfkBCnIBQw&bvm=bv.62922401,d.eW0

[btc2nxt]

First Post Update

I updated the link on the first post for the AT Development Thread to Ian's CIYAM NXT AT Forum.

I think Ian's CIYAM forum is a good way to foster development and should be used for more NXT dev projects.  Currently, projects can only be funded in BTC, but Ian has offered to add a NXT funding field.  NXT AT project currently has 1.058 BTC allocated to development.

If Come-from-Beyond doesn't have the time or resources to finish parallel blockchains, the community can use Ian's site to fund and develop it.

I also received a message from Copperlark informing me that the crypto exchange UpBit.org is now trading NXT.

+1

[^[GS]^]

I'm trying to calculate the deadline with php, anyone could give me a hand?

Source:

Code:

print "generationSignature = " . $generationSignature . "<br>";
print "publickey = " . $accountPublicKey . "<br>";
$hit = hash("sha256", hex2bin($generationSignature) . $accountPublicKey);
print "*)hash " . $hit . "<br>";
$hit = substr($hit, 0, 8);
print "*)substr " . $hit . "<br>";
$hit = hexdec($hit);
print "hit = " . $hit . "<br>";
print "baseTarget = " . $baseTarget . "<br>";
print "totalEffectiveBalance = " . $totalEffectiveBalance . "<br>";
$deadline = $hit / $baseTarget * $totalEffectiveBalance;
print "deadline = " . $deadline . "<br>";
$time_elapsed = $actualtime - $blocktime;
print "time_elapsed = " . $time_elapsed . "<br>";
$deadline = $deadline - $time_elapsed;

Output:

generationSignature = f75276b700cd3f2e6e373114d2ce653da8dbd65700293f5bd75abe906706aa94
publickey = 25ae5107a806e561488394ed5b59916d61c2f0110182e67a1aae19cd6bd86d0e
*)hash c57c55e5c10b4c88dc5aed9780e2a13edae2446a897fe3eb0c67af3f1ab8c145
*)substr c57c55e5
hit = 3313260005
baseTarget = 1118203847
totalEffectiveBalance = 99023301400
deadline = 293407990834.5
time_elapsed = 57

Deadline return: 293407990777 (3395925 days, 19 hours, 39 minutes, 37 seconds)
Real deadline: 10739 (2 hours, 58 minutes, 59 seconds)

any idea where can be the problem?

[jl777]

I'm not even running it and I'm getting those assets??..

Hi guys,

This is Nodecoin, that James has developed. We need to test it, but I have no idea how I should make it work on Windows:

It is for testnet the following is how to get it compiled and running from command line

git clone https://github.com/jl777/multigateway
cd multigateway
chmod +x run.sh
./run.sh
./nodeminer <NXTacct> <passphrase>

I cloned it to my drive, but what now?
Any suggestions?

You run it on the same machine as NRS and based on the work your NRS instance does it creates node coins under that account on AE.
I'm running it on all 4 testnxt nodes - generating lots of node coins

nodecoins send in info about their active peers
the node coin pool tabulates this and rewards the nodes that are in others peer lists
this means that without running nodeminer, if you have an active NXT node, you will automatically get nodecoins

I could change that, but I thought it would be a good thing, as I cant count on a super large percentage of people to run nodeminer. This way, as long as ~10% (maybe even less) run nodeminer, most people that are running active nodes will get nodecoins.

James

[jl777]

Hi guys,

This is Nodecoin, that James has developed. We need to test it, but I have no idea how I should make it work on Windows:

It is for testnet the following is how to get it compiled and running from command line

git clone https://github.com/jl777/multigateway
cd multigateway
chmod +x run.sh
./run.sh
./nodeminer <NXTacct> <passphrase>

I cloned it to my drive, but what now?
Any suggestions?

I got it up and running it seems, so uh.....I'm testing?

Pretty impressive actually considering I'm a complete dipshit in Linux.

Edit: It works, I have Node Coins in my Assets

Works for me too - got nodecoin in my assets also!


#
# Congratulations James!!!!!
#
#

Question: It appears ok, because I have nodecoin in my account - are the complaints about startForging to be ignored?

Should I set the nxt.conf to enforce POST=False  ?

azure@boxfish:~/workbench/nxtDev/gateway/nodecoin/multigateway$ ./nodeminer 1738404304940813414 iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii
Get gateway.0 deposit address for 1738404304940813414 and set withdraw address to
CMD.(http://localhost:6876/nxt?requestType=sendMessage&secretPhrase=iiiiiiiiiiiiiiiiiiiiiiiiiiiiiii&recipient=18232225178877143084&message=edfedada67000000000000000100000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000031373338343034333034393430383133343134&deadline=1440&fee=1) -> {"errorCode":1,"errorDescription":"This request is only accepted using POST!"} txid.(null)

getState.({"lastBlock":"6764349773511589675","numberOfAliases":61363,"lastBlockchainFeeder":"162.217.203.160","numberOfPeers":184,"numberOfBlocks":83720,"totalMemory":546308096,"numberOfUnlockedAccounts":0,"freeMemory":201602280,"maxMemory":954728448,"numberOfTransactions":150711,"version":"0.8.7","numberOfOrders":6156,"numberOfVotes":0,"totalEffectiveBalance":99970705600,"numberOfTrades":273,"time":9339549,"availableProcessors":4,"numberOfAssets":77,"numberOfPolls":11,"cumulativeDifficulty":"2332549719194328","numberOfAccounts":25197})

NEW block.(6764349773511589675) vs lastblock.()

issue_startForging.({"errorCode":1,"errorDescription":"This request is only accepted using POST!"})

Maybe you can fix the nodeminer code so it handles POST? That would be nice as I have lots more stuff to write and wont get around to stuff like that for a while

[btc2nxt]

about Asset name:
1. name must contain only digits and latin letters, so Chinese characters are invalid. (OK)
2. aaa = AAA (OK)
3. cannot use '-' in name , so A-A is invalid.(OK)
4. 3-10 characters, so AA is not valid. (OK)

Asset Exchange Test Report

Purpose:   Issue Asset- Level 1
Prereq:   secretphrase,balance

Used 4 account connected a peer
http://testnxt-jp.cloudapp.net:6876
{"errorCode":6,"errorDescription":"Not enough funds"}, of couse  these account have enough money.

change to local :http://127.0.0.1:6876
{"transaction":"17249062177236009142"}   OK

 

[jl777]

Getting nodecoins automatically is really cool. But someone explain to me when real nodecoins start what is going to give them value? Isn't it a false
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?

Infrastructure committee could put in bids into AE to give nodecoins a floor value. considering that nodeminer uses very little computer resources, there is no reason miners cant run nodeminer in addition to whatever they are mining.

Install NXT, install nodeminer, get nodecoins, which probably wont go to the moon, but its nearly free so why not?

James

[jl777]

Getting nodecoins automatically is really cool. But someone explain to me when real nodecoins start what is going to give them value? Isn't it a false
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?

hey Gramps, PoW gives value because the network needs securing. Nodecoin will not be worth much ever, but it will be easy to make, and serve as more of a direct payout than Forging blocks.

This will help the naysayers and minnows who accuse NXT of being a premined scam, and those who dont want to leave their NXT online.

you could set up a node farm, and HELP the network and earn a lot of coins.

Unless you setup a different NXT account on a different IP, running more instances wont help
I wanted to align nodecoin issuance with value created for NXT network

[jl777]

and for interesting reference, it seems that having 0textNXT vs having 15000testNXT doesnt seem to change my nodemining output

my current rounds fluctuate before and after 15k

current 0.84033613
current 1.07526881
current 0.82644628
current 0.81300813
current 1.02040816
current 0.89285714
current 1.04166666

1 NXT (actually 0 NXT) or 50 million NXT, nodeminer rewards the same, based on contribution to network

[jl777]

Getting nodecoins automatically is really cool. But someone explain to me when real nodecoins start what is going to give them value? Isn't it a false
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?

hey Gramps, PoW gives value because the network needs securing. Nodecoin will not be worth much ever, but it will be easy to make, and serve as more of a direct payout than Forging blocks.

This will help the naysayers and minnows who accuse NXT of being a premined scam, and those who dont want to leave their NXT online.

you could set up a node farm, and HELP the network and earn a lot of coins.

But he is right... what for, if it is worthless? What will give it value?

AE bids in NXT by people who want to support the NXT network

[btc2nxt]

to jl777

 i got hundreds of nodecoin every 15 minutes ,when i placed 2000 orders.   you may send nodecoins with only one transaction that will save your many nxt fee.

[jl777]

Problem is, the Nxt chain with TF doesn't need more average nodes, it needs a few powerful nodes. Am I wrong?

If we can define the characteristics of a "powerful node" that I can put into nodecoin, then we can have a higher payout for these nodes

All nodes help the network and already it is clear that getting feedback every minute that you are earning more is much better than, "You will forge sometime in the next 424 years, maybe"

And this is with the PoS NXT peoples!

Using nodecoin as a tipping coin within NXT community sounds like a good idea.

As far as what it is worth, at .01 NXT (min price), that is 1 NXT per minute or around 1,000 NXT per day allocated for the entire network. Maybe 30,000 NXT per month is a bit on the high side, but it is only 1/7th the average forging payout, so maybe it is pretty close.

If we can get 30,000 NXT donated per month (or simply buyers in AE) to fund purchasing nodecoins, then it puts a value at .01 NXT
The more donations (buyers) we get, the more it becomes worth. Maybe it becomes like a "penny", "cent"?

James

[jl777]

Let's call them Nxtcoins so that everybody will stop calling Nxt Nxtcoins

OUTSTANDING.  bravo.  all agreed?

That would be major dumb... As there isn't enough confusion right now ... ^^

i think its clever

In fact, nodecoin is the first of many NXTcoins that will be coming out.
It is really a proof of concept that you can make a coin out of an AE asset,well at least it works like a coin for the most part

Now, imagine a NXTcoins that is a blended mix of bitcoin, litecoin, etc.,etc. that is backed by multigateway deposits. Then  we can have assets that trade like coins that are tied to real diversified portfolio of crypto assets, we can even put a .999 silver lining on them!

James