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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761525 times)
wesleyh
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March 20, 2014, 08:45:30 AM
 #46181

There's just 1 problem with a list of predefined categories though; it's centralized.

As far as I understand, the DGS (digital goods store) also won't have categories. CFB does not like this idea of centralization. (even though it would help the user)

how about storing the information about categories locally in a file, people can share the file if they like.


This could again be a task for a service provider. He checks each asset and adds it to a category.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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wesleyh
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March 20, 2014, 08:46:09 AM
 #46182

wesleyh, any progress on getting the Mac client updated?

OK sorry! I will try to release an update today.
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March 20, 2014, 08:51:07 AM
 #46183

There's just 1 problem with a list of predefined categories though; it's centralized.

As far as I understand, the DGS (digital goods store) also won't have categories. CFB does not like this idea of centralization. (even though it would help the user)

how about storing the information about categories locally in a file, people can share the file if they like.


This could again be a task for a service provider. He checks each asset and adds it to a category.

not necessarily be the task for service providers, every one can tag the assets and share their version of the file.
also good if there are service providers doing the task.
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March 20, 2014, 08:51:37 AM
 #46184

In order to motivate visits and participations on this thread I decided to donate 201 nxt to an account and the first person who logs on it is free to transfer the money to an account of your own. The password is this entire post itself. Keep participating, discussing and coding guys!

Emule, congratulations  Wink


Edit: please donate more to accounts than miners this time
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March 20, 2014, 08:57:47 AM
 #46185


i didn't understand this


see http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1368640093026814904&offset=1&filter=1

yesterdays bounty was mainly "spoiled" on fees
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March 20, 2014, 09:01:00 AM
 #46186

Does Joefox still come on here?

How does he feel about people going on and having a go at adding to the wiki? It seems it is his baby... Wink
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March 20, 2014, 09:02:47 AM
 #46187

There's just 1 problem with a list of predefined categories though; it's centralized.

As far as I understand, the DGS (digital goods store) also won't have categories. CFB does not like this idea of centralization. (even though it would help the user)

how about storing the information about categories locally in a file, people can share the file if they like.


This could again be a task for a service provider. He checks each asset and adds it to a category.

Good thought. Let service providers rate and categorize assets. The client only needs an option to display these centralized information.
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March 20, 2014, 09:03:04 AM
 #46188

Somebody just wants to buy more than 500k nxt in bter, and he wants them NOW!  Grin
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March 20, 2014, 09:10:21 AM
 #46189

punkrock: use http://work4nxt.com Smiley

It's unusable, because of fixed drop down prices. Please change it, so everyone can put in the amount manually.
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March 20, 2014, 09:15:26 AM
Last edit: March 20, 2014, 09:36:59 AM by MadCow
 #46190

Last call for cheap NXT!

Too much momentum and good dev work going on now. I don't think we'll be seeing NXT at 3 cents again.

Once paradigmflux's NXTMine Pool starts assimilating market cap from the weaker alt coins borg style, NXT price will start rising - never again will NXT will be this cheap - resistance is futile!
http://hashrate.org/

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March 20, 2014, 09:20:41 AM
 #46191

so i was thinking. perhaps one way that i could avoid running afoul of the law on my nxt silver bullion gateway is to emulate a dry cleaners. dry cleaners take in cloths, issue a claim check for those cloths, alter the state of the cloths, and then return them in exchange for the claim check. for some reason unknown to me this claim check is not considered a "security" under financial regulations. Technically it should be, you can leave your cloths at the dry cleaner for an extended period of time and then sell the claim check to someone else and then that person can use the claim check to acquire your cloths, the dry cleaner claim check is a security in every sense of the word but legally it just isn't. So what ever the reason for that is, which i dont know, i can use it to my advantage by emulating that business to a t.

so lets imagine that i am a silver dry cleaners and the melting of silver shot into a bar is the analogue of dry cleaning the cloths, the silver shot is the dirty cloths, and the silver bar is the clean cloths. You buy 10 ounces of silver shot from some online retailer and set the address for delivery as a POBox of my specification. You then use your nxt address to sign the tracking number of the order and send me enough nxt to pay for the "cleaning". The "dirty" silver arrives at my shop and I issue you a claim check. After enough time has passed for me to "clean" the silver that claim check will become redeemable for silver that is now in the form of a bar. From that point on if other people want to trade that claim check amongst each other than thats none of my business. If there are legal ramifications than the onus is on them, it has nothing to do with me.

the nice thing is that there will still be a market for my claim checks but i will never under any circumstances be one of the sellers in that market. so if you want to acquire physical silver than the process will be no more complex for you. you will simply buy one of these claim checks on the market from someone other than me and then reimburse it at my nxt address. The people who deal with ordering silver shot and shipping it to my po box will be in a sense speculators trying to take advantage of arbitrage and for that service they will be affording me a level of legal protection.

one would think that since now there is a new middle man between me and the consumer that this would cause the price to be higher but i dont think this is necessarily the case because there is an advantage to be gained from outsourcing the acquisition of silver shot, a large group of people competing with each other to find cheaper supplies than the other will probably be much more effective at acquiring cheap silver shot than i could be on my own.

tell me what you guys think. ill post this in my silver bullion thread also so if you are seeing this message any later than say a half hour after it was posted than it will probably be better to reply to it there.

You should consult with lawyers, but seems to be a legit scheme. I've seen almost the same realization of fiat <-> e-currency exchange in Moscow, Russia few years ago. WM Transfer (webmoney.com, very popular e-currency in CIS) had their own or affiliated exchanger, who was acting such way:

Let's say I want to sell 1000 wmz ($1000 equivalent), ou want to buy it. They will ask me to send my 1000 wmz to their account, then they take your $(1000 + funding fee), and put $(1000 - withdrawal fee) to safety deposit box, and then send you my 1000 wmz and give me the key to deposit box.

Maybe I misremember some details, was maybe 8 years ago, but the idea was similiar to yours. They had some AML policies of course, you should be very carefull regarding this matters, especially if you are in US. So, hire a good lawyer and compliance specialist, and they will enlighten you how to minimize the risks of being involved in money laundering and stuff like that.

Hope my memory was helpfull a bit) Good luck with your service, people need it!
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March 20, 2014, 09:21:18 AM
 #46192

@MadCow: paradigmflux's NXTMine Pool is at hashrate.org
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March 20, 2014, 09:24:01 AM
 #46193

snip

Clicking account number gives three options

(1) Copy Account ID
(2) Copy Send Message Link
(3) Copy Send Nxt Link

How about adding "Show QR code" ?


Nomi, Shan, Adnan, Noshi, Nxt, Adn Khn
NXT-GZYP-FMRT-FQ9K-3YQGS
https://github.com/Lafihh/encryptiontest
wesleyh
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March 20, 2014, 09:25:04 AM
 #46194

snip

Clicking account number gives three options

(1) Copy Account ID
(2) Copy Send Message Link
(3) Copy Send Nxt Link

How about adding "Show QR code" ?



Good idea Smiley
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March 20, 2014, 09:26:27 AM
 #46195

Somebody just wants to buy more than 500k nxt in bter, and he wants them NOW!  Grin

550k to be exact) Also someone needs 2kk coins @ $0.000050 and almost no one is selling!
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March 20, 2014, 09:35:56 AM
Last edit: March 20, 2014, 10:53:59 AM by igmaca
 #46196

Since many here are sick of my posts, I've posted an "article" on http://reddit.com/r/nxt that addresses some of my concers about the Nxt ecosystem, mainly regarding fees, entitled "Nxt is the Bitcoin of the Future: Both in Good and Bad Ways".

http://www.reddit.com/r/NXT/comments/20u7ts/nxt_is_bitcoin_of_the_future_in_both_good_and_bad/

Just letting you folks know in case anyone wants to exercise their fee speech or present a rebuttal.

make much sense what you say,
very good article.

Do You think about this proposal?

Dynamic fees. byte size on the blockchain Vs Nxt coin market



I don't know if that will fix the issues i mentioned in the article. I'm not even sure what makes one transaction have more bandwidth than another unless you are talking about large amounts of text or whatnot.  I don't even want to get into this too much here because I'll probably be accused of throwing FUD. I'll be happy to field any questions on reddit though.

is someone threatening you in PM or something?  Im just not seeing any conflict in the thread.  When I refer to fee based on transaction size, I refer to size in blockchain, which is exactly linear with network bandwidth.  I have stopped responding to igmacas suggestions as I just cannot make heads nor tails from them; I cannot tell if there is just a translation issue or if he is just throwing out keywords and/or suggestions and hoping we will figure it all out based on his general suggestion, because he gives no method or model to his suggestions.

I respect their decision

the only thing you get with these reviews is to stop people to contribute their ideas.
200 ideas could be wrong but one of this ideas could be ok and get to solving the problem.
few words are enough to a good understander
MadCow
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March 20, 2014, 09:37:30 AM
 #46197

@MadCow: paradigmflux's NXTMine Pool is at hashrate.org

Thanks, I updated my post Smiley
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March 20, 2014, 09:41:44 AM
 #46198

Somebody just wants to buy more than 500k nxt in bter, and he wants them NOW!  Grin

Come on, early stakeholders  Grin This is a good liquidity!

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March 20, 2014, 09:47:26 AM
 #46199

Could be a deadcat bounce. Still a lot of selling power.
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March 20, 2014, 09:50:34 AM
 #46200

I'm back, only 30 pages behind!!!  Cheesy

Anyways, I'll get the Nxt Newsletter together today, and boy, should everybody claiming that Nxt is not on the move feel ashamed afterwards!  Grin

It's funny to see, how fast we got used to dealing with the most innovative crypto protocol ever. Two months ago the words "mind blown" was to be found on nearly every page. Praises of the developers. But now, when they are actually about to get there, fear seems to have taken over? Come on, we are changing the world for good here, and you can't expect that to happen overnight. If you realized that you didn't do your research well and bought Nxt with the wrong expectations - go sell it, or sit back, watch the rest of us spending hours and hours to push Nxt (and NXTCoin) forwards, and wait for it to gain more value. Yes, we should confront problematic issues, but let's keep the discussion constructive and well argumented. Emule takes care of the rest.  Undecided I hope that I don't step on anybody's toe writing this, like I said, I'm 30 pages behind.

Oh, BTW.
I just received this:

Quote
Hi, i have a webdesign-agency with 5 employes. How can i helping the NXT-Community (for free)?

We are fokused on Screendesign, UI-Design, Responsive Design. I will help to make a clean and structure corporate design, a better and consistent cover over the NXT project. More idendity is more professional and more trust building.

Are we interested in having this guy and his agency on board? Or should I tell him, that we have given up?  Wink

Please discuss. I'll be back and join in later.  Smiley


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