NXT :: descendant of Bitcoin - Updated Information

[bitcoinrocks]

Thanks guys.

[1715517227]

1715517227

[1715517227]

1715517227

[Armando]

72 Stakeholders??? WTF This must be a scam, tell me why there are only 72 Stakeholders???

https://bitcointalk.org/index.php?topic=303898.0

http://nxt.sx/images/resources/NXT-Brochure-4.pdf

And have to mention, that with the current low price, everyone who cried about unfair distribution has a great possibility to jump onboard!

[brooklynbtc]

not working now..

Just updating networking stuff. Let me know if it is still broken. Are you getting coins?

still nothing.. getting 20 peers now with IP address reported, but seeing

 0 shares, current 0.00000000 0.00000000 nodecoins | sent 0.00000000

although I am not hallmarked or running a separate node elsewhere, is that changed? or does nodeminer "run a node" like i think it does.

[jl777]

Generating high entropy secretphrase:

Code:

int gen_randomacct(int randchars,char *NXTaddr,char *NXTsecret,char *randfilename)
{
    int i,j,x,iter,bitwidth = 6;
    FILE *fp;
    char buf[512],fname[512];
    unsigned char bits[33];
    NXTaddr[0] = 0;
    randchars /= 8;
    if ( randchars > (int)sizeof(bits) )
        randchars = (int)sizeof(bits);
    if ( randchars < 3 )
        randchars = 3;
    for (iter=0; iter<=8; iter++)
    {
        sprintf(fname,"%s.%d",randfilename,iter);
        fp = fopen(fname,"rb");
        if ( fp == 0 )
        {
            sprintf(buf,"dd if=/dev/random count=%d bs=1 > %s",randchars*8,fname);
            printf("cmd.(%s)\n",buf);
            system(buf);
        }
        fp = fopen(fname,"rb");
        if ( fp != 0 )
        {
            fread(bits,1,sizeof(bits),fp);
            for (i=0; i+bitwidth<(sizeof(bits)*8) && i/bitwidth<randchars; i+=bitwidth)
            {
                for (j=x=0; j<6; j++)
                {
                    if ( GETBIT(bits,i*bitwidth+j) != 0 )
                        x |= (1 << j);
                }
                printf("i.%d j.%d x.%d %c\n",i,j,x,1+' '+x);
                NXTsecret[randchars*iter + i/bitwidth] = 1+ ' ' + x;
            }
            NXTsecret[randchars*iter + i/bitwidth] = 0;
            fclose(fp);
        }
        sleep(3);
    }
    strcpy(NXTaddr,issue_getAccountId(NXTsecret));
    printf("NXT.%s NXTsecret.(%s)\n",NXTaddr,NXTsecret);
    return(0);
}

This works on Mac and Unix, I am not sure if there is a /dev/random equivalent for Windows
you can specify the number of random chars and a filename where it will save the random bits so it can be reproduced.
Not sure if anybody needs this, but it was a bit tricky to convince my Mac to spit out decent random numbers so I figured it might help someone.

Even without the call to issue_getAccountId, this would be a useful program for people to locally generate a high entropy password

James

[jl777]

not working now..

Just updating networking stuff. Let me know if it is still broken. Are you getting coins?

still nothing.. getting 20 peers now with IP address reported, but seeing

 0 shares, current 0.00000000 0.00000000 nodecoins | sent 0.00000000

although I am not hallmarked or running a separate node elsewhere, is that changed? or does nodeminer "run a node" like i think it does.

Reporting is broken for now, but  I am seeing the coins accumulate server side. At some point you should get transfers
What is your testNXT acct? I will see if it is transferring to you

James

[ebereon]

Or just go to www.p00l.org .  No need to sign up for private anything.  Just put in your nxt address as your username and it'll work.  We're working on giving a little more dynamic info on our page, but we took a shot for the bounty and thus lowered our release requirements. 

Our first step is to add hash rates, but it requires some new accounting code which we need to test a little bit.  You might wish to hold off until then, but we will be paying out NXT every day and cashing out the coins on cryptsy at least twice a day.  We also do sha256.  If you want to convert your older sha256 equipment into NXTs, then we'll be doing that too.

https://nextcoin.org/index.php/topic,4388.msg41144.html#msg41144

Nice one! Thanks nextpuzzled!

stratum+tcp://p00l.org:3001/        SHA-256
stratum+tcp://p00l.org:3003/        SCRYPT

 

[brooklynbtc]

not working now..

Just updating networking stuff. Let me know if it is still broken. Are you getting coins?

still nothing.. getting 20 peers now with IP address reported, but seeing

 0 shares, current 0.00000000 0.00000000 nodecoins | sent 0.00000000

although I am not hallmarked or running a separate node elsewhere, is that changed? or does nodeminer "run a node" like i think it does.

Reporting is broken for now, but  I am seeing the coins accumulate server side. At some point you should get transfers
What is your testNXT acct? I will see if it is transferring to you

James

test ac  15265031083387211287


been sitting at 1498nodes in wesleys app for a few hours now

[jl777]

not working now..

Just updating networking stuff. Let me know if it is still broken. Are you getting coins?

still nothing.. getting 20 peers now with IP address reported, but seeing

 0 shares, current 0.00000000 0.00000000 nodecoins | sent 0.00000000

although I am not hallmarked or running a separate node elsewhere, is that changed? or does nodeminer "run a node" like i think it does.

Reporting is broken for now, but  I am seeing the coins accumulate server side. At some point you should get transfers
What is your testNXT acct? I will see if it is transferring to you

James

test ac  15265031083387211287


been sitting at 1498nodes in wesleys app for a few hours now

You are accumulating them:
NXT.15265031083387211287 += 0.133156 -> 5.688142

I have a lot of test nodes that are adding load to the pool servers, but this also dilutes your share. Probably another hour or so to get your next batch of 10. The days of easy nodecoins are over

James

[rickyjames]

I say again, WE ARE IGNORING THE CRYPTOCOIN 1.0 FOUNDATION OF NXT AND THIS IS A MISTAKE.  We should be systematically shaking the trees for vendors who will put NXT logos beside their "Bitcoin accepted here" logos (like I see Salsacz doing a few posts back!).  We should be working RELENTLESSLY on increasing TPS as a demo to the world.  IF we build 1000 TPS, they will come.

Rickyjames, normally your posts are meaningful, but lately they have been making less and less sense.

I assume that you know that the people working on TF, pruning, etc. are NOT the people working on AT, gateways, etc.

Trust me, if everyone here knew how TF worked, we would be working on it right now.

PS: Secret "Twitter" and Secret Internet have been discussed since the beginning of NXT, this is not a new development.

Sorry about making less and less sense, these are crazy times.  

I don't believe anybody is working on TF right now, and certainly not blockchain pruning.  I know Jean-Luc isn't.  CfB is wrapping up and going to move on to whatever he thinks is more important to work on than NXT.  Everybody says BCNext/Ukigo has totally left the project, so HE isn't working on it.  THere's NOBODY ELSE doing core dev work, which is why HIRING / RECRUITING MORE OUTSIDE JAVA PROGRAMMERS (rather than dangling bounties in front of insiders) is the most important thing to do with the techdev fund.  

We were going to release open source code on April 4 in honor of that date in the novel 1984, but we've released open source a month early so THAT's not a big date anymore.  NCNext was going to release the "3rd part of the plan that explains TF" on the same date, but with him gone and open source out, I don't know what the hell we're waiting on or even if that will be released at all or if it will make any sense / difference if we do get to read it.  I can go back to numerous posts by CfB from less than 60 days ago saying April would be when TF was turned on and NXT would hit 1000 TPS and blow everybody out of the water.  Somewhere along the way that got dropped and I can't seem to get anybody interested in discussing why or how to get it back on track.  The time warp synchronization of many blocks to speed up transaction time is not magic, it's theoretically possible, but hard, requiring a lot of thought and discussion and understanding of network dynamics much more so than code.  TF is the main distinct advantage that NXT possibly could have over Bitcoin, yet nobody seems interested in it.  

These days we're all about giving away nodecoins and pool mining and NXTopia multi-user games and trading boobies while dropping the NXT user fees required to trade them.   My statement that we are ignoring the cryptocoin 1.0 fundamentals of NXT to our detriment stands, and I feel like the Ancient Mariner stopping the Wedding Guest to say crazy things over and over again  ( http://en.wikipedia.org/wiki/The_Rime_of_the_Ancient_Mariner ).   We ask people to support NXT but they (1) have a devil of a time logging into it (which admittedly Wesley's client is addressing), (2) stupidly lose it when they don't understand how important a 35 char passphrase is and scare off 2100 other potential new users with their tweets (3) get frustrated when they finally realize that PoS means they can't accumulate significant amounts of it for free, and (4) if they overcome all of the preceeding, can't spend or use NXT on anything in the Real World, as they increasingly can with Bitcoin.   So naturally we are moving right on to step (5) which is the whales are dumping it (and I've gotten private PMs from some of them saying nobody acting on what I'm saying as being one of their main reasons why) and nobody from the outside is left to pick up the slack and buy it at a rate that keeps the price up.

Despite all this I do not regret my decision to invest big in NXT and I am HODLing.  Probably all the way down, just like the Ancient Mariner in the whirlpool.  I am relatively new to cryptos and after much research I am still convinced that NXT is a technically superior product to Bitcoin in many ways and will ultimately take on many of its roles.   We have talented people doing incredible work.  We have flaws we are willing to acknowledge and work on and fix.  Most of all we have a coherent community - but it is smaller and more fragile than you may think.  We only had 250 people vote on our committees.  We had a recent study that did a very good K analysis on our account structure and conclude we've only got 800-1000 true users holding what would be considered significant and usable amounts of NXT.  

This is all great, even FANTASTIC, for a cryptocurrency that is only four months old.  But we must not forget Gordon Gekko's  famous words from "Wall Street" - You done good, but you gotta keep doing good.  What we have accomplished in four months teeters in the balance over what we will do in month five.  Or month six.  Or seven.

What is our next big accomplishment we are going to announce to trumpets and fanfare?  Cryprocurrency 2.0 Asset Exchange?  OK.  Forget even arguing about the relative number of people who want to trade OTHER coins among themselves while speculating instead of trade NXT coins for goods while shopping.  Somebody tell me how the intro of NXT AE will cause a sustained upward trend in our coin price and market cap.  The way we've got it structured, a guy who buys 10 NXT from Cryptsy can get as much use from the NXT AE as a guy that buys 100K NXT, since we've dropped the  price per transaction to 0.01 NXT and are pushing nodecoins and not NXT itself as the main draw to trade on the AE anyway?   AE DOES NOT GIVE ANYBODY ANY REASON TO BUY A LARGE STAKE IN OUR PROOF OF STAKE CURRENCY WHEN THEY CAN UTILIZE ITS PRIMARY AE FEATURE WHILE OWNING VERY LITTLE STAKE.

So...what's next after AE?

If somebody can come up with a better plan that a return to actually focusing upon and implementing TF / time warp / block speedup / transaction capacity increase, let's hear it.  Those were the things that were exciting about NXT in the beginning, the things we talked about much more than Secret Twitter and Secret Internet on parallel blockchains, the thing that represents new tech we have to offer over Bitcoin, that offes a huge improvement by PoS over energy-wasteful, slow, inefficient PoW.  

Change of topic.  If NXT is serious about becoming bigger than Bitcoin, we need NXT whales that are cashing out to use their cold hard cash to set up a legally incorporated NXT-fiat exchange in the United States by getting money service and money transfer licenses in all 50 States - STARTING NOW.  This will take time and cash and plenty of both.  START NOW.  Etherium started down this path and blinked and are now moving to set up shop in Switzerland to avoid this hassle.  This leaves NXT an opportunity - START NOW.  This is the only way to get as big as Bitcoin, which is vulnerable and reeling from the arrest of Charlie Sherm and his failure to do this right ( http://time.com/1892/bitinstant-ceo-charlie-shrem-arrested-for-alleged-money-laundering/ )  Anon's proposed NXT-silver exchange is an interesting experiment but it is an attempt to get around having to play the big boy game for all the chips on the table with cold hard raw cash.   IF NXT is the future of Crypto, we have to step up to the plate.  Or the soccer net.  Or whatever the right sports metaphor is.  

Most of all, we need people to come up with a way to have a guy with a cellphone to buy a candy bar with an app that is backed by NXT.  And lots and lots and LOTS of websites and storefronts that say "NXT accepted here".

If all of this, or at least some of this, doesn't make sense, well, I don't know what else to say.

[twistelaar]

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Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
Today at 03:08:54 AM
Reply with quote  #3931
Quote from: j23a on Today at 02:02:27 AM
Any reason why NXT is crashing at the moment?

It seems they are doing a self destructing thing. They are creating a coin called nodecoin. People can get nodecoins almost free by running a separate program when they are forging and running nodes. Then they artificially set a price for these worthless nodecoins. It is 1 nodecoin= 0.01 NXT. How they came up this price is a mystery. If this nodecoin is created by some stranger instead of their own hired programmer, it would be no value and no one will buy it. But this is created by a Nxt hired programmer and he will use the community funds to buy these nodecoins. I doubt that any nxters are willing to buy nodecoins out of their own pockets. but this program controls millions of NXT in the funds. Therefore, the nodecoins suddenly become valuable. In the future, nodecoins will also play a role in other transactions. These worthless coins become valuable at the cost of NXT. This nodecoin will dilute NXT. They said that the nodecoins are for rewarding people running nodes and servers. Why don't they reward people with NXT which can build NXT's utility and value, instead they create a worthless coin to compete with NXT and it could become a potential Trojan horse in NXT. All this is so weird and the most weird thing is that most of the community members even believe that the nodecoin is a good thing.

In a word, NXT community  lacks of leadership.






So this is the future of NXT?!?!!

[2Kool4Skewl]

Or just go to www.p00l.org .  No need to sign up for private anything.  Just put in your nxt address as your username and it'll work.  We're working on giving a little more dynamic info on our page, but we took a shot for the bounty and thus lowered our release requirements. 

Our first step is to add hash rates, but it requires some new accounting code which we need to test a little bit.  You might wish to hold off until then, but we will be paying out NXT every day and cashing out the coins on cryptsy at least twice a day.  We also do sha256.  If you want to convert your older sha256 equipment into NXTs, then we'll be doing that too.

https://nextcoin.org/index.php/topic,4388.msg41144.html#msg41144

Nice one! Thanks nextpuzzled!

stratum+tcp://p00l.org:3001/        SHA-256
stratum+tcp://p00l.org:3003/        SCRYPT

 

Awesome!  Added to the first page!

[jl777]

I say again, WE ARE IGNORING THE CRYPTOCOIN 1.0 FOUNDATION OF NXT AND THIS IS A MISTAKE.  We should be systematically shaking the trees for vendors who will put NXT logos beside their "Bitcoin accepted here" logos (like I see Salsacz doing a few posts back!).  We should be working RELENTLESSLY on increasing TPS as a demo to the world.  IF we build 1000 TPS, they will come.

Rickyjames, normally your posts are meaningful, but lately they have been making less and less sense.

I assume that you know that the people working on TF, pruning, etc. are NOT the people working on AT, gateways, etc.

Trust me, if everyone here knew how TF worked, we would be working on it right now.

PS: Secret "Twitter" and Secret Internet have been discussed since the beginning of NXT, this is not a new development.

Sorry about making less and less sense, these are crazy times. 

I don't believe anybody is working on TF right now, and certainly not blockchain pruning.  I know Jean-Luc isn't.  CfB is wrapping up and going to move on to whatever he thinks is more important to work on than NXT.  Everybody says BCNext/Ukigo has totally left the project, so HE isn't working on it.  THere's NOBODY ELSE doing core dev work, which is why HIRING / RECRUITING MORE OUTSIDE JAVA PROGRAMMERS (rather than dangling bounties in front of insiders) is the most important thing to do with the techdev fund. 

We were going to release open source code on April 4 in honor of that date in the novel 1984, but we've released open source a month early so THAT's not a big date anymore.  NCNext/Ukigo was going to release the "3rd part of the plan that explains TF" on the same date, but with him gone and open source out, I don't know what the hell we're waiting on or even if that will be released at all or if it will make any sense / difference if we do get to read it.  I can go back to numerous posts by CfB from less than 60 days ago saying April would be when TF was turned on and NXT would hit 1000 TPS and blow everybody out of the water.  Somewhere along the way that got dropped and I can't seem to get anybody interested in discussing why or how to get it back on track.  The time warp synchronization of many blocks to speed up transaction time is not magic, it's theoretically possible, but hard, and it is the main distinct advantage that NXT possibly could have over Bitcoin, yet nobody seems interested in it. 

These days we're all about giving away nodecoins and pool mining and NXTopia multi-user games and trading boobies while dropping the NXT user fees required to trade them.   My statement that we are ignoring the cryptocoin 1.0 fundamentals of NXT to our detriment stands, and I feel like the Ancient Mariner stopping the Wedding Guest to say crazy things over and over again  ( http://en.wikipedia.org/wiki/The_Rime_of_the_Ancient_Mariner ).   We ask people to support NXT but they (1) have a devil of a time logging into it (which admittedly Wesley's client is addressing), (2) stupidly lose it when they don't understand how important a 35 char passphrase is and scare off 2100 other potential new users with their tweets (3) get frustrated when they finally realize that PoS means they can't accumulate significant amounts of it for free, and (4) if they overcome all of the preceeding, can't spend or use NXT on anything in the Real World, as they increasingly can with Bitcoin.   So naturally we are moving right on to step (5) which is the whales are dumping it (and I've gotten private PMs from some of them saying nobody acting on what I'm saying as being one of their main reasons why) and nobody from the outside is left to pick up the slack and buy it at a rate that keeps the price up.

Despite all this I do not regret my decision to invest big in NXT and I am HODLing.  Probably all the way down, just like the Ancient Mariner in the whirlpool.  I am relatively new to cryptos and after much research I am still convinced that NXT is a technically superior product to Bitcoin in many ways and will ultimately take on many of its roles.   We have talented people doing incredible work.  We have flaws we are willing to acknowledge and work on and fix.  Most of all we have a coherent community - but it is smaller and more fragile than you may think.  We only had 250 people vote on our committees.  We had a recent study that did a very good K analysis on our account structure and conclude we've only got 800-1000 true users holding what would be considered significant and usable amounts of NXT. 

This is all great, even FANTASTIC, for a cryptocurrency that is only four months old.  But we must not forget Gordon Gekko's  famous words from "Wall Street" - You done good, but you gotta keep doing good.  What we have accomplished in four months teeters in the balance over what we will do in month five.  Or month six.  Or seven.

What is our next big accomplishment we are going to announce to trumpets and fanfare?  Cryprocurrency 2.0 Asset Exchange?  OK.  Forget even arguing about the relative number of people who want to trade coins among themselves while speculating instead of trade them for goods while shopping.  Somebody tell me how the intro of NXT AE will cause a sustained upward trend in our coin price and market cap when the way we've got it structured, a guy who buys 10 NXT from Cryptsy can get as much use from the NXT AE as a guy that buys 100K NXT, since we've dropped the  price per transaction to 0.01 NXT and are pushing nodecoins as the main draw to trade on the AE anyway?   AE DOES NOT GIVE ANYBODY ANY REASON TO BUY A LARGE STAKE IN OUR PROOF OF STAKE CURRENCY WHEN THEY CAN UTILIZE ITS PRIMARY AE FEATURE WHILE OWNING VERY LITTLE STAKE.

So...what's next after AE?

If somebody can come up with a better plan that a return to actually focusing upon and implementing TF / time warp / block speedup / transaction capacity increase, let's hear it.  Those were the things that were exciting about NXT in the beginning, the things we talked about much more than Secret Twitter and Secret Internet on parallel blockchains, the thing that represents new tech we have to offer over Bitcoin, that offes a huge improvement by PoS over energy-wasteful, slow, inefficient PoW. 

If NXT is serious about becoming bigger than Bitcoin, we need NXT whales that are cashing out to use their cold hard cash to set up a legally incorporated NXT-fiat exchange in the United States by getting money service and money transfer licenses in all 50 States - STARTING NOW.  This will take time and cash and plenty of both.  START NOW.  THis is the only way to get as big as Bitcoin, which is vulnerable and reeling from the arrest of Charlie Sherm and his failure to do this right ( http://time.com/1892/bitinstant-ceo-charlie-shrem-arrested-for-alleged-money-laundering/ )  Anon's proposed NXT-silver exchange is an interesting experiment but it is an attempt to get around having to play the big boy game for all the chips on the table with cold hard raw cash.   IF NXT is the future of Crypto, we have to step up to the plate.  Or the soccer net.  Or whatever the right sports metaphor is. 

Most of all, we need people to come up with a way to have a guy with a cellphone to buy a candy bar with an app that is backed by NXT.  And lots and lots and LOTS of websites and storefronts that say "NXT accepted here".

If that doesn't make sense, I don't know what else to say.

Parallel Chains will make 1000TPS a lot easier to achieve.

There are things that need to be done to the code to allow proper implementation of Parallel Chains. I know jean-luc is aware of this, but NXT satoshi support is first.

We can pretty quickly enable the purchasing of anything with NXT that can be purchased with BTC by creating a bitcoin bridge, like ripple used to have. You send it BTC asset or anything that is convertible to BTC, eg NXT or any asset with a BTC market, and it gets sent to a destination address.

We could actually implement this now by clearing to external exchanges (similar to the middlecoin for NXT) or having an inventory of BTC.

The big issue is having a large enough liquidity of BTC for NXT available. If some rich guys can provide BTC that can be used for liquidity at current market prices, this becomes a relatively simple technical project. Get price quote and if acceptable, Send NXT along with BTC address. Presto! anything BTC can buy, NXT can buy

I already know somebody that isnt me that wants to implement this.

James

[Anon136]

0.01 is too low. that's sad to hear. also it is imperative that people be forced to use nxt to buy space in the blockchain. this keeps nxt relevant which keeps the price up which gives the network its security. if people are really talking about creating an asset in the AE that will allow people to purchase space in the blockchain instead of nxt than i will have to make it my mission to put a stop to that.

thanks for the info rickyjames.

[jl777]

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Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
Today at 03:08:54 AM
Reply with quote  #3931
Quote from: j23a on Today at 02:02:27 AM
Any reason why NXT is crashing at the moment?

It seems they are doing a self destructing thing. They are creating a coin called nodecoin. People can get nodecoins almost free by running a separate program when they are forging and running nodes. Then they artificially set a price for these worthless nodecoins. It is 1 nodecoin= 0.01 NXT. How they came up this price is a mystery. If this nodecoin is created by some stranger instead of their own hired programmer, it would be no value and no one will buy it. But this is created by a Nxt hired programmer and he will use the community funds to buy these nodecoins. I doubt that any nxters are willing to buy nodecoins out of their own pockets. but this program controls millions of NXT in the funds. Therefore, the nodecoins suddenly become valuable. In the future, nodecoins will also play a role in other transactions. These worthless coins become valuable at the cost of NXT. This nodecoin will dilute NXT. They said that the nodecoins are for rewarding people running nodes and servers. Why don't they reward people with NXT which can build NXT's utility and value, instead they create a worthless coin to compete with NXT and it could become a potential Trojan horse in NXT. All this is so weird and the most weird thing is that most of the community members even believe that the nodecoin is a good thing.

In a word, NXT community  lacks of leadership.






So this is the future of NXT?!?!!

Its called trolling

nodecoins are just an asset that acts like airline miles. People that do things that help NXT get rewards. Do airline miles destroy USD?

James

[pandaisftw]

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Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
Today at 03:08:54 AM
Reply with quote  #3931
Quote from: j23a on Today at 02:02:27 AM
Any reason why NXT is crashing at the moment?

It seems they are doing a self destructing thing. They are creating a coin called nodecoin. People can get nodecoins almost free by running a separate program when they are forging and running nodes. Then they artificially set a price for these worthless nodecoins. It is 1 nodecoin= 0.01 NXT. How they came up this price is a mystery. If this nodecoin is created by some stranger instead of their own hired programmer, it would be no value and no one will buy it. But this is created by a Nxt hired programmer and he will use the community funds to buy these nodecoins. I doubt that any nxters are willing to buy nodecoins out of their own pockets. but this program controls millions of NXT in the funds. Therefore, the nodecoins suddenly become valuable. In the future, nodecoins will also play a role in other transactions. These worthless coins become valuable at the cost of NXT. This nodecoin will dilute NXT. They said that the nodecoins are for rewarding people running nodes and servers. Why don't they reward people with NXT which can build NXT's utility and value, instead they create a worthless coin to compete with NXT and it could become a potential Trojan horse in NXT. All this is so weird and the most weird thing is that most of the community members even believe that the nodecoin is a good thing.

In a word, NXT community  lacks of leadership.






So this is the future of NXT?!?!!

1) Anyone could have made nodecoin (well, anyone with James' skills), so half the paragraph is meaningless right there. It's backed by nothing, except the same thing that back all other coins.
2) What transactions is he talking about? As far as I'm aware, all NXT related transactions require NXT. Nodecoin will be it's own thing.
3) People are rewarded with NXT for forging... did he forget that?

Seems like a lack of understanding is the problem...

[jl777]

0.01 is too low. that's sad to hear. also it is imperative that people be forced to use nxt to buy space in the blockchain. this keeps nxt relevant which keeps the price up which gives the network its security. if people are really talking about creating an asset in the AE that will allow people to purchase space in the blockchain instead of nxt than i will have to make it my mission to put a stop to that.

thanks for the info rickyjames.

Last I heard 0.1 NXT was the new min tx fee

I dont understand how nodecoin is being twisted into something that "purchase space in the blockchain"

All nodecoin does is tabulate a nodes peers and then allocates nodecoins based on the number of times your node is someone else's peers.

How this gets turned into some magical NXT killer, absolutely boggles my mind

James

[NxtMinnow]

Quote from Rickyjames "Change of topic.  If NXT is serious about becoming bigger than Bitcoin, we need NXT whales that are cashing out to use their cold hard cash to set up a legally incorporated NXT-fiat exchange in the United States by getting money service and money transfer licenses in all 50 States - STARTING NOW.  This will take time and cash and plenty of both.  START NOW.  THis is the only way to get as big as Bitcoin, which is vulnerable and reeling from the arrest of Charlie Sherm and his failure to do this right ( http://time.com/1892/bitinstant-ceo-charlie-shrem-arrested-for-alleged-money-laundering/ )  Anon's proposed NXT-silver exchange is an interesting experiment but it is an attempt to get around having to play the big boy game for all the chips on the table with cold hard raw cash.   IF NXT is the future of Crypto, we have to step up to the plate.  Or the soccer net.  Or whatever the right sports metaphor is.  "

Rickyjames, you are bringing the correct plan to the table with what you have outlined above. We have millions of NXT collectively available for development, but the market cap will not explode until what you and I have both asked for; a proper USfiat-NXT exchange or a few. Whales, put together your proposal. I'm holding a part of the floor here and I'm a only a Minnow.

Sincerely,

Brian Snyder

p.s. part of the function of "the coin that shall not be named" is to help map the available nodes so that parallel chains can increase TPS/also Instant Transactions have mapped and known node availability.

[rickyjames]

0.01 is too low. that's sad to hear. also it is imperative that people be forced to use nxt to buy space in the blockchain. this keeps nxt relevant which keeps the price up which gives the network its security. if people are really talking about creating an asset in the AE that will allow people to purchase space in the blockchain instead of nxt than i will have to make it my mission to put a stop to that.

thanks for the info rickyjames.

Last I heard 0.1 NXT was the new min tx fee

I dont understand how nodecoin is being twisted into something that "purchase space in the blockchain"

All nodecoin does is tabulate a nodes peers and then allocates nodecoins based on the number of times your node is someone else's peers.

How this gets turned into some magical NXT killer, absolutely boggles my mind

James

James, there's more issues than nodecoin and that's what's being referenced here.  Salsa and others are pushing to rent out space in parallel blockchains to store data/files/entire websites and this has nothing to do with nodecoin and everything to do with creating bloated blockchains.  

nodecoins are just an asset that acts like airline miles. People that do things that help NXT get rewards. Do airline miles destroy USD?

James

I've given up saying negative things on nodecoin.  Now you say nodecoins are like airline miles.  OK, we'll talk about airline miles.  From the airline's point of view, every time somebody got a flight on a jet using airline miles, that was a seat they made no money on.  It was good for the guy that got the airline miles, and bad for the airlines.   The more people accumulated airline miles, the more there was a big overhang of "free service" (ie LOSSES) that faced the airlines.  As a result, the airlines have all devalued the airline miles.  They are "worth" a LOT less today than they were when somebody first thought up the idea of "let's give out airline miles!".   So are nodecoins an NXT killer?  I'm not saying that anymore.  But if you want to compare them to airline miles, you'd better do some research into just what happened with airline miles.  It's not a pretty story for the airlines.  

http://www.smartertravel.com/travel-advice/with-frequent-flyer-programs-keep-up-or-lose-out.html?id=4325925

http://www.businessweek.com/articles/2013-12-20/travelers-find-fresh-reasons-to-sue-their-frequent-flier-programs

[NxtMinnow]

I am pro "the coin that shall not be named". It is an asset that has been created on Nxt Asset Exchange. The market value of nodecoin should be determined by market forces. No  intervention with Nxt funds. Let people trade it. It is really simple. It provides an additional incentive for people to secure the Nxt network. Please stop spreading FUD before we have to hire a full time FUD fighter for this thread.

EDIT: Someone please tell me how the "coin that shall not be named" is fundamentally different from any other coin (national, or private) that may be issued as an asset in the Nxt Asset Exchange?

EDIT EDIT: Here is a great selling point for Nxt : Don't be This guy! https://bitcointalk.org/index.php?topic=517976.0

[jl777]

If an asset that rewards people based on something related to NXT is a threat to NXT, then we need to kill AE.

Once AE is active, nothing stops anybody from issuing an asset that is tied to NXT things, eg. number of aliases, number of tx, number of nodes, amount of bandwidth, amount of time connected, etc., etc.

What if some NXT attacker did this and put in bids for 100 NXT for each of these coins? that would be a total disaster wouldnt it? Everybody just getting all this free NXT, just for using NXT. Imagine, just automatically getting 1000 NXT per day. The horror. Where exactly does the NXT that is paid for these coins come from?

Can somebody explain to me how getting coins (that might or might not have any value) for using NXT or supporting NXT harms NXT? To my mind it just seems like a faucet. Since when did faucets hurt the thing being fauceted?

James