NXT :: descendant of Bitcoin - Updated Information

[Eadeqa]

ps. @IE; I have to move my cursor to generate a password. @Chrome; Password generated automatically. Without moving mouse.

You need to update to IE 11. IE 10 and older  requires mouse movement

[1714878550]

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[allwelder]

another descendant of Nxt
https://bitcointalk.org/index.php?topic=512177.0

[Fatih87SK]

No it's not, sorry for late response.

ps. @IE; I have to move my cursor to generate a password. @Chrome; Password generated automatically. Without moving mouse.

That's because you are using an older version of IE which does not have crypto built in. Instead we use random mouse movement for those older browsers.

Regarding the issue, can you tell me exact version numbers of Chrome and firefox? Is this on windows?

Chrome;
Version 30.0.1599.101 m
 
Update failed (error: 3)An error occurred while checking for updates: Update check failed to start (error code 3: 0x800704c7 -- system level).

IE;
9.0.8112.16421

Saying it again; I'm testing this at the office where I don't know the security issues here. I can't even download the latest update of chrome for example. So, maybe it has nothing to do with your software.

[jl777]

don't make fun of Evil, he's got a hat, he can be bcnext or satoshi
https://bitcointalk.org/index.php?topic=341956.msg4585430#msg4585430

and also promised 1000 Bitcoins and his ferrari for finding G-spot (misspelled by K-spot)
https://bitcointalk.org/index.php?topic=427753.0

Is it possible to build dedicated PoW coins on Nxt to solve problems like this one (not necessarily this one)?
Assume there is a bounty for solving the problem, then when the problem gets solved, the coin dies naturally and the bounty can be divided just by buying all the coins using it.

I think this would totally change how the researches that need massive computing resource are done, or every one is aware of such an idea?

PoW, PoS, PoTBD, hybrids, basically anything you can think of can most likely be implemented. Due to the overhead of creating an AE based coin being so low, it is well suited for vertical market or local market uses such as what you describe.

James

[evanxxx]

Why would the coin have any value if it can be killed by a solvable "weakness"?

The coin is created to solve the problem. It has a value because there is a bounty to solve the problem.
Since it is a PoW coin, the number of the coin is a proof of the contribution to solving the problem.

Think that you are doing some research and need some computing power to solve a problem
then you buy the computing power from some organization or company
or you can just create a PoW coin, let those who mining the coin solve the problem while mining, in the end, when the problem solved, you pay them by buying all the coin back.

[Come-from-Beyond]

This should be reported to Jean_luc or CFB if this is still happening. I thought this was supposed to be fixed.

bug?

Using http://nxtra.org/nxt-client/

Try to "Sell nodecoin for NXT"

Amount 540
Price 1
Total 540
Fee 1

The account has 28.5 testNXT, so should be able to pay the fee.  Instead get error:

Not enough funds.

http://localhost:6876/nxt?requestType=getBalance&account=16941742721574909475
{"balance":2850,"effectiveBalance":-3300,"unconfirmedBalance":2850}

Looks fine. What is wrong?

Edit: Sell or buy? What is the request?

[wesleyh]

This should be reported to Jean_luc or CFB if this is still happening. I thought this was supposed to be fixed.

bug?

Using http://nxtra.org/nxt-client/

Try to "Sell nodecoin for NXT"

Amount 540
Price 1
Total 540
Fee 1

The account has 28.5 testNXT, so should be able to pay the fee.  Instead get error:

Not enough funds.

http://localhost:6876/nxt?requestType=getBalance&account=16941742721574909475
{"balance":2850,"effectiveBalance":-3300,"unconfirmedBalance":2850}

Looks fine. What is wrong?

Edit: Sell or buy? What is the request?

Sell, and seems he has 590 nodecoins: http://localhost:6876/nxt?requestType=getAccount&account=16941742721574909475

[Damelon]

I fully understand you, but I also believe that knowledge should be rewarded. People are not working for free, at least not the successful ones.
I am still not 100% sure if I should give away this knowledge for free or wait for some BUG-Bounty program to come up?

Asking for something that hasn't been seen and getting paid for it only works if you have a large trust rating.
No one in their right minds in any business would ever give money up front without either some form of surety or a sample of the goods.

The fact that you have apparently been in business with people who actually take things on complete trust says nothing about how business should be conducted, but only something about the fact that your previous business partners are apparently risk takers who will at some point will get severely burned.

There is a place for risk in business, but some form of collateral is standard practice.

In short: I have no idea why you get snippy at the fact that people would demand to see proof. The trust issue in this case is reversed: this community already has proven to reward and appreciate people uncovering weaknesses.

Edit: yes, I need to catch up with reading the thread.

[Come-from-Beyond]

Sell, and seems he has 590 nodecoins: http://localhost:6876/nxt?requestType=getAccount&account=16941742721574909475

Is it possible to get the request?

[jl777]

We shouldn't be looking at Nodecoins as a buy and sell commodity.  We should be looking at Nodecoins as a Nxt Utility coin.  For example.  If you want to use the DAC, you have to send 10 Nodecoins to retrieve Doge address, then you can transfer Doge to DAC.  If you want to use NxtCash for Mixing you have to send 10 Nodecoins to retrieve NxtCash address, then send Nxt for mixing....and so on.  We have some really great features that will be built on top of Nxt and we should charge users Nodecoins to use those features.   That will give them value.

But then you're basically inflating the currency and usurping value from Nxt as it should be the unit used for these purposes, no? These are roles that Nxt would take; doing so with nodecoin reduces Nxt's functions and in turn it's demand/value as opposed to nodecoin adding value on top of the system.

I am not sure if there is any usurping going on. Using this logic, if we started trading BTC using NXT AE, then somehow this hurts NXT? I dont think that is what would happen. I think the value of NXT would be proportional to the sum of the values of all of the NXT AE assets plus the current value. So if nodecoins become worth something, then NXT becomes incrementally more valuable.

Also, you are not taking into account the fact that without NXT, there is no nodecoin. This also seems to be what BCNext wanted from what I can remember.

If people deposit $1 billion USD into NXT and we have that much USD assets floating around inside AE, would that suck all the value out of NXT?

If nodecoins became worth $1 USD each, would that suck all the value out of NXT?

James

[evanxxx]

Is it possible to build dedicated PoW coins on Nxt to solve problems like this one (not necessarily this one)?
Assume there is a bounty for solving the problem, then when the problem gets solved, the coin dies naturally and the bounty can be divided just by buying all the coins using it.

I think this would totally change how the researches that need massive computing resource are done, or every one is aware of such an idea?

PoW, PoS, PoTBD, hybrids, basically anything you can think of can most likely be implemented. Due to the overhead of creating an AE based coin being so low, it is well suited for vertical market or local market uses such as what you describe.

James

There should be a tutorial for this in the future to educate researchers how to embed their code for solving the problem into the coin. I think this will open another door for Nxt.

[mcjavar]

another descendant of Nxt
https://bitcointalk.org/index.php?topic=512177.0

Is it good or bad for Nxt?

[Uniqueorn]

We shouldn't be looking at Nodecoins as a buy and sell commodity.  We should be looking at Nodecoins as a Nxt Utility coin.  For example.  If you want to use the DAC, you have to send 10 Nodecoins to retrieve Doge address, then you can transfer Doge to DAC.  If you want to use NxtCash for Mixing you have to send 10 Nodecoins to retrieve NxtCash address, then send Nxt for mixing....and so on.  We have some really great features that will be built on top of Nxt and we should charge users Nodecoins to use those features.   That will give them value.

But then you're basically inflating the currency and usurping value from Nxt as it should be the unit used for these purposes, no? These are roles that Nxt would take; doing so with nodecoin reduces Nxt's functions and in turn it's demand/value as opposed to nodecoin adding value on top of the system.

I am not sure if there is any usurping going on. Using this logic, if we started trading BTC using NXT AE, then somehow this hurts NXT? I dont think that is what would happen. I think the value of NXT would be proportional to the sum of the values of all of the NXT AE assets plus the current value. So if nodecoins become worth something, then NXT becomes incrementally more valuable.

Also, you are not taking into account the fact that without NXT, there is no nodecoin. This also seems to be what BCNext wanted from what I can remember.

If people deposit $1 billion USD into NXT and we have that much USD assets floating around inside AE, would that suck all the value out of NXT?

If nodecoins became worth $1 USD each, would that suck all the value out of NXT?

James

Simple: just invest in the coins built ontop. This is a way of injecting fairness into the community. The community decides if they want to keep NXT or a nodecoin as their primary focus.
This nodecoin would obviously be possible for everyone to get in on eary.
This community doesn't award people for their work, there is no mining, forging wont give you shit, so this is a way for fairness to come into the picture.

[wesleyh]

Sell, and seems he has 590 nodecoins: http://localhost:6876/nxt?requestType=getAccount&account=16941742721574909475

Is it possible to get the request?

You'd have to ask the user I guess.

[jl777]

Assume there is a bounty for solving the problem, then when the problem gets solved, the coin dies naturally and the bounty can be divided just by buying all the coins using it.
I think this would totally change how the researches that need massive computing resource are done, or every one is aware of such an idea?

Doesn't make sense.

Why would the coin have any value if it can be killed by a solvable "weakness"?

I would think the coin should end up trading at roughly ((size of bounty) / (number of coins)) * (estimated chance of success)
The assumption is that upon completion, the bounty is distributed out as a dividend. Dividending is a function I will be supporting for NXTcoins.
Now, there is no reason for the coin to die, it could just go dormant waiting for the next problem to solve

This is actually related to my upcoming business coin, but I was going to have a background task that will always allow people to mine coins, the time of paying clients just boosts the value with dividends

James

[Uniqueorn]

Is it possible to build dedicated PoW coins on Nxt to solve problems like this one (not necessarily this one)?
Assume there is a bounty for solving the problem, then when the problem gets solved, the coin dies naturally and the bounty can be divided just by buying all the coins using it.

I think this would totally change how the researches that need massive computing resource are done, or every one is aware of such an idea?

PoW, PoS, PoTBD, hybrids, basically anything you can think of can most likely be implemented. Due to the overhead of creating an AE based coin being so low, it is well suited for vertical market or local market uses such as what you describe.

James

There should be a tutorial for this in the future to educate researchers how to embed their code for solving the problem into the coin. I think this will open another door for Nxt.

I already proposed this a few days ago. Infact I have already started taking steps towards it.
Grid-computing (Ripple and Gridcoin) is already doing it. There are manual tasks too, that could be rewarded 10x normal amounts of coins,

[wesleyh]

another descendant of Nxt
https://bitcointalk.org/index.php?topic=512177.0

Is it good or bad for Nxt?

All the benefits it posts have already or are close to being implemented in Nxt. (except bitcoin like address).

[wesleyh]

What do you guys think of this:

http://nxtra.org/nxt-client/#message:wesleynxt

http://nxtra.org/nxt-client/#send:wesleynxt

[mcjavar]

Nxt :: Asset Exchange Test

I have set up a test management tool using Test Pad for the Asset Exchange Testing.

Please check out the thread I´ve created for this purpose.

https://bitcointalk.org/index.php?topic=507444

I will report all recorded bugs to Jean-Luc.


If you feel it´s usefull what I am doing, I´d be happy to accept some Nxt.

17081684614434671224

Hi All!

There is not much activity on TestPad, although Jean-Luc is also following the tests made on there. Please get active and join the tests to get more structure in testing out all possible cases of the AE.

[Uniqueorn]

another descendant of Nxt
https://bitcointalk.org/index.php?topic=512177.0

Is it good or bad for Nxt?

Definitely not good for NXT if it becomes popular.
What people don't realize in this community is that popularity & community is the alpha and omega of success.
People actually think that if NXT (which is 100% open source) is good enough "technically" then the rest doesn't matter.
There is no changes in hoarding, no changes in incentives, community is shrinking, price is falling etc. and nothing happens.
These big hoarders have a collective IQ in double digits.