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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761519 times)
Emule
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April 04, 2014, 07:27:31 AM
 #49901

Is there a way to make Nxt more anonymous? Or is it built-in? I see in the explorer you can see all the transactions... Jw

You can start a topic on nxtforum to find out about nxtcash. James is developing it and is tied in with his multisig gateway. Uber anonymous were told. Don't expect it overnight Wink  Cheesy

Or pm him.

Or he'll magically pop up and help us out  Grin
Actually, all the services I am building are built on top of the NXTprotocol layer.
multisig is one such thing
so is NXTmixer and NXTcash
so is nodecoin!

I need to wait for clarity on parallel chains for NXTcash, but my opinion is that NXTcash (zerocoin) by itself is not really enough due to usability issues. I designed NXTmixer to work in tandem with NXTcash to get the uber anonymity.

Goods news is that NXTmixer is a standalone service with benefits in and of itself and I have already started coding the second version. proof of concept version was just a one off test of crypto handshake

No timeframes on these as I work on half a dozen projects at once. When a project gets close to done, I go into release mode for that project. multigateway is the current project in release mode, but stalled the last three days due to testnet resets and lack of testNXT.

James
great news,james.
nxtmixer,nxtcash,multigateway,secret project...
you are the man of Nxt application. Cheesy



he is the man of hot air comming out of his asshole, and if you put a lighter on it it burns.

still waiting to see something substantial from him. isnt it about time? he is nexern²
I feel bad, it has been six whole weeks since i started coding stuff for NXT. I guess I just am a very slow coder compared to someone like you.

I dont even have 10,000 lines of code yet, well actually if count all the revisions I am over 10,000 lines, but I currently only have about 4000 lines of decent code. I guess a little rusty.

James



How much lines did bcnext needed to create nxt?
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April 04, 2014, 07:34:54 AM
 #49902

How much lines did bcnext needed to create nxt?

Is this rhetorical? A Socratic method of teaching? Are you genuinely interested, or simply being a goof?

We need you over at nxtforum.org, emule.
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April 04, 2014, 07:36:54 AM
 #49903

How much lines did bcnext needed to create nxt?

I see a clear pattern in ur posts. Be careful, one day u'll reveal ur real account this way...
Emule
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April 04, 2014, 07:39:35 AM
 #49904


he is the man of hot air comming out of his asshole, and if you put a lighter on it it burns.

still waiting to see something substantial from him. isnt it about time? he is nexern²
I feel bad, it has been six whole weeks since i started coding stuff for NXT. I guess I just am a very slow coder compared to someone like you.

I dont even have 10,000 lines of code yet, well actually if count all the revisions I am over 10,000 lines, but I currently only have about 4000 lines of decent code. I guess a little rusty.

James

[/quote]


never mind meanwhile you can forge with the millions in donations and payments you've got from your *work*
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April 04, 2014, 07:40:05 AM
 #49905

ill bet you 100 BTC none of your projects will ever be implemented and work (in production)!

Do u mind if we ask Anon136 to be the escrow?
why not use the escrow of Nxt by itself ? Cheesy

 
                                . ██████████.
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Emule
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April 04, 2014, 07:40:48 AM
 #49906

How much lines did bcnext needed to create nxt?

I see a clear pattern in ur posts. Be careful, one day u'll reveal ur real account this way...

i do not have a real account Grin
bitcoinpaul
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April 04, 2014, 07:58:00 AM
 #49907

Is this something 'special'?

http://bit-wasp.org/index.php/topic,215.0.html
evanxxx
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April 04, 2014, 08:01:33 AM
 #49908

After such a long time...
Guys, Emule must love Nxt much more than anyone else.
Fatih87SK
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April 04, 2014, 08:06:25 AM
 #49909

Copied from nextcoin.org;username: lightspeed; date; 2 april.

April 2nd 2014: What is 'Network Effect' ?
*************************************************************************

Current market depth (BTER):

Bids: 0.6 Million NXT
Asks: 0.56 Million NXT

Prognosis: The NXT valuation is settling for now around 6000 Satoshis on a moderate upward trend. This looks to be a more stable situation with less volatility than a couple of weeks ago. Two observations which would appear to support this are:

[1] - the previous heavily lopsided market depth has substantially balanced itself up around a price of 6200, suggesting that the bulk of the big sellers wanting out for the moment are now out and the bulk of those wanting in are now in. These are reflected in the moderate trading reach figures in both directions below

[2] - the very long range 12hr MACD turned positive around March 31st while the 4 hr remains in a stable upward if slightly converging trend, suggesting that we might have up to a week of stable prices ahead in the 6-7 range (an eternity in crypto-markets).

Reach on BTER at the moment:

10,000 NXT = 6380 (5894) Satoshis
50,000 NXT = 6380 (5996)
100,000 NXT = 6760 (6084)
200,000 NXT = 6925 (6615)
500,000 NXT = 7483 (6615)

Meanwhile, a 500,000 cashout right now would take us to 5702.

*************************************************************************

WHAT IS NETWORK EFFECT ? - DO TRY THIS AT HOME

Here's an experiment for those of you with a modicum of curiosity, 3 minutes to spare and a working knowledge of wordpad, notepad or textEdit (on Mac).

Copy the 40 line code snippet from the post immediately following this one and paste it into a text editor. Save the document to disk with a "html" extension (i.e. either just save it as text and manually change the extension to ".html" or save it as "my-nxt-client.html").

Open the document in a web browser (just double-click on it or, alternatively, go to the FILE menu and choose open file). If you see a form, enter a NXT account number and click the "Go" button.

If this worked for you, you've just created your own NXT client that uses the NXT high level API ! (Application Programming Interface) (Your balance will be out by 2 decimals but just ignore that, it's for true geeks to worry about).

Now have a look at this page and see all the other stuff you can do just by replacing the command "getBalance" in that little NXT client you 'wrote'. http://wiki.nxtcrypto.org/wiki/Nxt_API#Asset_exchange_operations

Now part 2 of the experiment (Everyone can do this bit) answer a few questions with a "yes" or "no":

[1] - did you do the test (1 point for yes)
[2] - did you know you could do this with NXT ? (1 point for no)
[3] - did you know you could do other things in this way like create aliases and issue assets ? (1 point for no)
[4] - are you likely to discuss the NXT project further with anyone else after seeing the example ? (1 point for yes)

If even 1 in 10 readers scored at least 1 point out of 4, then you've just added to the favourable "network effect" for NXT.

Network effect is the gold dust of cryptocurrencies and is what more than anything affects the valuation. However, as your eclectic correspondent sees it, there are 2 distinct types of network effect in play and we are rapidly approaching a point in the history of NXT where one diverges from the other.

PRIMARY NETWORK EFFECT

This is where people are interested in the intrinsic nature of the "coin" itself. For example, its name , technical characteristics, its popular following, its price, logo and gorgeous website. Primary network effect clearly has a limited lifetime because all these things have one quality in common - ** novelty **. We can basically sum up primary network effect therefore as 'novelty value'.

SECONDARY NETWORK EFFECT

This is where people are not interested in the "coin" itself but in something else completely. However, that "something else" happens to have a favourable dependency on the coin or infrastructure such that it supports its value as long as the "something else" is in demand. The obvious one is currency. If you go to a kid's funfair and they use those plastic chips that you buy at a kiosk to get on the rides, you'll pay 100 times more for its monetary value than you will for its utility value in the hardware shop. Nothing to do with intrinsic value of plastic chips -it's exactly the same plastic token- and everything to do with their network effect in the 'funfair economy'. You need the "chip" to get the ride.

The problem for 1st generation "coins" is that in the absence of monetary deployment, there is no secondary network effect. All that remains is a residual speculative value based on potential use as a future currency. The obvious secondary network effect for "2nd gens" like NXT, however, is services and we are at last starting to see evidence of this in the trading technicals.

The other day I was idly mulling the 12 hr chart for doge and smugly patting myself on the back for not having invested when to my horror, I realised something quite startling. NXT was tracking Doge with a perfect 4 day delay like a bloodhound on the trail of an injured rabbit. Then, equally as profoundly, around the 17th of March the two profiles start to de-couple. All this time I had been thinking that NxT's valuation was so different from other coins - prospect of 2nd generation services, new source, proof of stake etc when in fact we've actually just been riding the same "novelty wave" as every other coin !

What this also means however, is that we are now entering an important 2nd phase. The de-coupling, if true, means that from now on NxT's valuation will be much more dependent on dry, boring secondary network effects like that of the little technical demo at the start of this report. To illustrate this, in the graphic below, I've superimposed the NXT 12 hour chart from Bitcoinwisdom on top of DOGE's 12 hour but with a 4 day displacement. Up to the 15th March it's almost a perfect fit but with the impending launch of NXT asset exchange we are seeing the beginnings of a de-coupling from that early unsustainable "novelty coin" profile.





If NXT can reach escape velocity and leave the gravity sphere of that diminishing primary network effect then it will be one of the first crypto currency projects to do so since Litecoin. Even the greats like Peercoin and Primecoin are struggling to manage it. It's important therefore that the focus now shift from "this is a great coin because it's x-y-z POS great community mumbo jumbo" type promotion to much more practical priorities like "I'm going to distribute my software licenses on the NXT network". Screaming about how great NXT is on Bitcointalk will no longer have the same effectiveness as we are "out of the novelty zone" and new projects have arrived to take its place. We must now fully embrace the next phase and look for, create and promote genuine secondary network effect for the NXT network.

Here's an example of why this might just succeed. You can see from the little client-demo above how easy it is to write applications which access NXT services like the NXT asset exchange. What you might not be aware of is that it will cost you 1000 NXT to actually publish an asset !

This has quite profound implications because it means that the project effectively has a business plan. Not only is there a service that can be charged for but it can only be *paid for* in NXT. So it delivers a double positive to the valuation: utility value + monetary value.

This is a clear and unambiguous secondary network effect.

ALGO WARS

I'll finish with just a brief mention of a recent development that I think will have a big impact on NXT in the near future. There was a significant event recently where a well known figure of the Bitcoin tech-head circles carried out a campaign of extortion against the Auroracoin development team, threatening to deploy an army of botnets at his disposal to attack the coin via an expoit he had discovered in the Kimoto Gravity Well algorithm for accelerated difficulty adjustment.

The threat was considered serious because of the relatively low level of hashing (mining) power available to that coin at the time and the individual succeeded in having his conditions met - which were that the development team publicly acknowledge the exploit and impliment a fix.

Whatever the ethics of this whole episode, it has succeeded in catapulting the relative benefits of proof of stake coins into the spotlight in a very big way. There has even been speculation around the safety of all POW coins except for Bitcoin and Litecoin which have elephantine amounts of hashing power available to protect their networks. Add to that the fact that it comes hard on the heels of "operation sh*coin cleanup" which is essentially a co-ordinated attack on proof of work coins by systematically mining them and selling them on exchanges for proof of stake ones.

So we can look forward to interesting times ahead. In this respect, note that Doge is NXT's contemporary. We can therefore use it as a reference to measure how much secondary network effect is managing to propel us out of the 'danger zone'.

Keep a close eye on that divergence pattern as a basis for future trading strategy. (Health warnings apply Smiley ).

Happy trading !

*************************** STOP PRESS: ***************************
My sense of deja vu just blew a fuse. There's just been a major melt-up of NxT over on BTER. After reporting that the market depth was nice & balanced, the whole order book got bought right up to nearly 9000 satoshi within an hour of filing this report rendering my earlier market depth report as obsolete as a dodo. I'd like to write something about metorites blowing a hole in the field of play, false sell walls, tides and swimming traders, but I think I'll just refer you to March 22nd's report which describes it perfectly !

It seems that around 1.6 million NXT have been bought over a period of 2 hours in 8 discrete trades. It's not clear if it's a single buyer, but given that it's all on the one exchange and that the buyer didn't seem overly desperate to optimise the trade over several exchanges, it seems likely.

They made their first move at around 20:30 UTC, scooping up around 700,000 NXT, pushing the price to 7300, roughly as predicted by the market depth analysis at the start of today's report. They then held fire to allow liquidity to re-emerge at the lower levels before hoovering up another 220,000. This time liquidity was getting thin and they had to take it to 7500, with another 175,000 volley of buys following on 10 minutes later.

Finally, another 320,000 worth of asks was bulldozed through between 22:00 and 22:30 to round off the rally bringing the price to a five week high of 8936. Once again there's now a gaping spread in the order book. It took days for the last one to 'heel' while traders struggled to decide which end of the gap was the "right one". This one's twice the size - the Grand Canyon springs to mind.

Meanwhile, NxT's alter ego - Doge - went the other way and is nearly back at its last dead-cat-bounce level of 94, so there's your divergence right there folks.
 
This will be interesting now. That was around a $56,000 (124 BTC) buy.

Does someone know something that I don't or is this just a refugee from the Bitcoin crash with some loose change to play around with ?



*************************** STOP PRESS: ***************************

FOLLOWING IN POST 2: CODE SNIPPET FOR THE ADVENTUROUS EXPERIMENTERS
_____________________________________________________________________________
NxT Market Report  13411915496268579987

yassin54
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April 04, 2014, 08:11:14 AM
 #49910

Copied from nextcoin.org;username: lightspeed; date; 2 april.

April 2nd 2014: What is 'Network Effect' ?
*************************************************************************

Current market depth (BTER):

Bids: 0.6 Million NXT
Asks: 0.56 Million NXT

Prognosis: The NXT valuation is settling for now around 6000 Satoshis on a moderate upward trend. This looks to be a more stable situation with less volatility than a couple of weeks ago. Two observations which would appear to support this are:

[1] - the previous heavily lopsided market depth has substantially balanced itself up around a price of 6200, suggesting that the bulk of the big sellers wanting out for the moment are now out and the bulk of those wanting in are now in. These are reflected in the moderate trading reach figures in both directions below

[2] - the very long range 12hr MACD turned positive around March 31st while the 4 hr remains in a stable upward if slightly converging trend, suggesting that we might have up to a week of stable prices ahead in the 6-7 range (an eternity in crypto-markets).

Reach on BTER at the moment:

10,000 NXT = 6380 (5894) Satoshis
50,000 NXT = 6380 (5996)
100,000 NXT = 6760 (6084)
200,000 NXT = 6925 (6615)
500,000 NXT = 7483 (6615)

Meanwhile, a 500,000 cashout right now would take us to 5702.

*************************************************************************

WHAT IS NETWORK EFFECT ? - DO TRY THIS AT HOME

Here's an experiment for those of you with a modicum of curiosity, 3 minutes to spare and a working knowledge of wordpad, notepad or textEdit (on Mac).

Copy the 40 line code snippet from the post immediately following this one and paste it into a text editor. Save the document to disk with a "html" extension (i.e. either just save it as text and manually change the extension to ".html" or save it as "my-nxt-client.html").

Open the document in a web browser (just double-click on it or, alternatively, go to the FILE menu and choose open file). If you see a form, enter a NXT account number and click the "Go" button.

If this worked for you, you've just created your own NXT client that uses the NXT high level API ! (Application Programming Interface) (Your balance will be out by 2 decimals but just ignore that, it's for true geeks to worry about).

Now have a look at this page and see all the other stuff you can do just by replacing the command "getBalance" in that little NXT client you 'wrote'. http://wiki.nxtcrypto.org/wiki/Nxt_API#Asset_exchange_operations

Now part 2 of the experiment (Everyone can do this bit) answer a few questions with a "yes" or "no":

[1] - did you do the test (1 point for yes)
[2] - did you know you could do this with NXT ? (1 point for no)
[3] - did you know you could do other things in this way like create aliases and issue assets ? (1 point for no)
[4] - are you likely to discuss the NXT project further with anyone else after seeing the example ? (1 point for yes)

If even 1 in 10 readers scored at least 1 point out of 4, then you've just added to the favourable "network effect" for NXT.

Network effect is the gold dust of cryptocurrencies and is what more than anything affects the valuation. However, as your eclectic correspondent sees it, there are 2 distinct types of network effect in play and we are rapidly approaching a point in the history of NXT where one diverges from the other.

PRIMARY NETWORK EFFECT

This is where people are interested in the intrinsic nature of the "coin" itself. For example, its name , technical characteristics, its popular following, its price, logo and gorgeous website. Primary network effect clearly has a limited lifetime because all these things have one quality in common - ** novelty **. We can basically sum up primary network effect therefore as 'novelty value'.

SECONDARY NETWORK EFFECT

This is where people are not interested in the "coin" itself but in something else completely. However, that "something else" happens to have a favourable dependency on the coin or infrastructure such that it supports its value as long as the "something else" is in demand. The obvious one is currency. If you go to a kid's funfair and they use those plastic chips that you buy at a kiosk to get on the rides, you'll pay 100 times more for its monetary value than you will for its utility value in the hardware shop. Nothing to do with intrinsic value of plastic chips -it's exactly the same plastic token- and everything to do with their network effect in the 'funfair economy'. You need the "chip" to get the ride.

The problem for 1st generation "coins" is that in the absence of monetary deployment, there is no secondary network effect. All that remains is a residual speculative value based on potential use as a future currency. The obvious secondary network effect for "2nd gens" like NXT, however, is services and we are at last starting to see evidence of this in the trading technicals.

The other day I was idly mulling the 12 hr chart for doge and smugly patting myself on the back for not having invested when to my horror, I realised something quite startling. NXT was tracking Doge with a perfect 4 day delay like a bloodhound on the trail of an injured rabbit. Then, equally as profoundly, around the 17th of March the two profiles start to de-couple. All this time I had been thinking that NxT's valuation was so different from other coins - prospect of 2nd generation services, new source, proof of stake etc when in fact we've actually just been riding the same "novelty wave" as every other coin !

What this also means however, is that we are now entering an important 2nd phase. The de-coupling, if true, means that from now on NxT's valuation will be much more dependent on dry, boring secondary network effects like that of the little technical demo at the start of this report. To illustrate this, in the graphic below, I've superimposed the NXT 12 hour chart from Bitcoinwisdom on top of DOGE's 12 hour but with a 4 day displacement. Up to the 15th March it's almost a perfect fit but with the impending launch of NXT asset exchange we are seeing the beginnings of a de-coupling from that early unsustainable "novelty coin" profile.





If NXT can reach escape velocity and leave the gravity sphere of that diminishing primary network effect then it will be one of the first crypto currency projects to do so since Litecoin. Even the greats like Peercoin and Primecoin are struggling to manage it. It's important therefore that the focus now shift from "this is a great coin because it's x-y-z POS great community mumbo jumbo" type promotion to much more practical priorities like "I'm going to distribute my software licenses on the NXT network". Screaming about how great NXT is on Bitcointalk will no longer have the same effectiveness as we are "out of the novelty zone" and new projects have arrived to take its place. We must now fully embrace the next phase and look for, create and promote genuine secondary network effect for the NXT network.

Here's an example of why this might just succeed. You can see from the little client-demo above how easy it is to write applications which access NXT services like the NXT asset exchange. What you might not be aware of is that it will cost you 1000 NXT to actually publish an asset !

This has quite profound implications because it means that the project effectively has a business plan. Not only is there a service that can be charged for but it can only be *paid for* in NXT. So it delivers a double positive to the valuation: utility value + monetary value.

This is a clear and unambiguous secondary network effect.

ALGO WARS

I'll finish with just a brief mention of a recent development that I think will have a big impact on NXT in the near future. There was a significant event recently where a well known figure of the Bitcoin tech-head circles carried out a campaign of extortion against the Auroracoin development team, threatening to deploy an army of botnets at his disposal to attack the coin via an expoit he had discovered in the Kimoto Gravity Well algorithm for accelerated difficulty adjustment.

The threat was considered serious because of the relatively low level of hashing (mining) power available to that coin at the time and the individual succeeded in having his conditions met - which were that the development team publicly acknowledge the exploit and impliment a fix.

Whatever the ethics of this whole episode, it has succeeded in catapulting the relative benefits of proof of stake coins into the spotlight in a very big way. There has even been speculation around the safety of all POW coins except for Bitcoin and Litecoin which have elephantine amounts of hashing power available to protect their networks. Add to that the fact that it comes hard on the heels of "operation sh*coin cleanup" which is essentially a co-ordinated attack on proof of work coins by systematically mining them and selling them on exchanges for proof of stake ones.

So we can look forward to interesting times ahead. In this respect, note that Doge is NXT's contemporary. We can therefore use it as a reference to measure how much secondary network effect is managing to propel us out of the 'danger zone'.

Keep a close eye on that divergence pattern as a basis for future trading strategy. (Health warnings apply Smiley ).

Happy trading !

*************************** STOP PRESS: ***************************
My sense of deja vu just blew a fuse. There's just been a major melt-up of NxT over on BTER. After reporting that the market depth was nice & balanced, the whole order book got bought right up to nearly 9000 satoshi within an hour of filing this report rendering my earlier market depth report as obsolete as a dodo. I'd like to write something about metorites blowing a hole in the field of play, false sell walls, tides and swimming traders, but I think I'll just refer you to March 22nd's report which describes it perfectly !

It seems that around 1.6 million NXT have been bought over a period of 2 hours in 8 discrete trades. It's not clear if it's a single buyer, but given that it's all on the one exchange and that the buyer didn't seem overly desperate to optimise the trade over several exchanges, it seems likely.

They made their first move at around 20:30 UTC, scooping up around 700,000 NXT, pushing the price to 7300, roughly as predicted by the market depth analysis at the start of today's report. They then held fire to allow liquidity to re-emerge at the lower levels before hoovering up another 220,000. This time liquidity was getting thin and they had to take it to 7500, with another 175,000 volley of buys following on 10 minutes later.

Finally, another 320,000 worth of asks was bulldozed through between 22:00 and 22:30 to round off the rally bringing the price to a five week high of 8936. Once again there's now a gaping spread in the order book. It took days for the last one to 'heel' while traders struggled to decide which end of the gap was the "right one". This one's twice the size - the Grand Canyon springs to mind.

Meanwhile, NxT's alter ego - Doge - went the other way and is nearly back at its last dead-cat-bounce level of 94, so there's your divergence right there folks.
 
This will be interesting now. That was around a $56,000 (124 BTC) buy.

Does someone know something that I don't or is this just a refugee from the Bitcoin crash with some loose change to play around with ?



*************************** STOP PRESS: ***************************

FOLLOWING IN POST 2: CODE SNIPPET FOR THE ADVENTUROUS EXPERIMENTERS
_____________________________________________________________________________
NxT Market Report  13411915496268579987

do not forget to view the source of this beautiful work of analysis
https://nextcoin.org/index.php/topic,4467.0.html  Grin

ho sorry I did not see that you had to indicate  Grin
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April 04, 2014, 09:32:36 AM
 #49911

Quote
it delivers a double positive to the valuation: utility value + monetary value.

I realized this the other day when I was following the progress in the development of Nxt. Glad to see this is explicitly shown using the market data. Very nice analysis.
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April 04, 2014, 09:40:03 AM
 #49912

Is this something 'special'?

edit: Fatih87SK

very nice analisys... one of the most interesting posts in a while! Smiley

thank you



The analysis was done by "lightspeed" user of nextcoin forum. He has posted some good and valuable comments there. Check them out!
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April 04, 2014, 09:51:38 AM
 #49913

Is today when CfB will announce BCNext plans?

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timmyd
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April 04, 2014, 09:54:33 AM
 #49914

Below u'll find the 3rd part of Transparent Mining essay, the 1st and 2nd parts r available here - https://bitcointalk.org/index.php?topic=364218.0 and https://bitcointalk.org/index.php?topic=458036.0. The essay is based on text written by BCNext, I paraphrase it in my own words to protect BCNext's real identity against text style analysis (as was agreed).

Bitcoin was a genious invention but implementation became corrupted by people whose aim was to make money, not bitcoins but dollars. BCNext was working on a project that required special conditions for its existence, he hoped that Bitcoin would change the society and prepare ground for the project. Half a year ago it became crystal clear for him that Bitcoin, as an idea of trustless money, had failed. A fix was required and it came in the form of Transparent Mining. "Transparent" is the key word here, it changes focus from "trust no one" to "don't let to cheat", because any cheating becomes obvious very soon (as soon as allowed by network latency). Nxt is just a work-around, it was launched to win more time and to conduct an experiment that was supposed to show if the society is ready for the main project of BCNext. He thinks that society can't be completely decentralized, and Nxt will let to measure level of decentralization after which a society can't function as a whole. Bitcoin relies only on math, but math can't solve problems arising because of illogical nature of the man. Mining in Nxt relies on cooperation of people and even forces it. Without cooperation Nxt becomes weak and can be easily attacked. It's like a system in unstable equilibrium, if people stop to care about cooperation then Nxt will fail very fast.

Now, when you know why Nxt was created your should choose what way to follow. The easiest one is to repeat the history of Bitcoin in hope that something will change. The alternative is to implement Transparent Mining and try to handle people imperfection. The latter can't be done with pure math and even if you manage to find some laws you can't be sure that these laws won't change in the future. BCNext went for good, he doesn't feel himself responsible for the future of Nxt, he implemented an idea that was obvious but noone tried to do it (maybe because creation of a Bitcoin clone was much easier). One day he will come back with his main project under his real name. Don't try to find real identity of BCNext, he intentionally copied style and ideas of different people, if you think you found him then you are likely wrong. BCNext has never existed, this sockpuppet was created only for Nxt and will never appear again.

The plan always was very simple - to show the way that very obvious but avoided for some reason. BCNext doesn't pretend that he possesses sacral knowledge and knows what is awaiting in the end. You are left on your own. Good luck.quote author=Gaman link=topic=345619.msg6066333#msg6066333 date=1396605098]
Is today when CfB will announce BCNext plans?
[/quote]
already released pal. ill find u a link
heres the final plan with links to p1 + p2


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April 04, 2014, 10:06:27 AM
Last edit: April 04, 2014, 10:37:55 AM by fmiboy
 #49915

Update Clienxt GUI

version 0.0.8 [codename] infinity

------
changelog:
------
* migrate accounts data from JCDatabase to h2 Database, same as Nxt.
* you can change default network Testnet and Mainnet from Settings Menu!
* Phase II. Accounts. Instead of MD5 used SHA256, below more details about security measures. If user choose to encrypt secretPhrase of account, it will start forging when GUI is started.
* support for Curve encryption of AM, all messages now encrypted and can only be read by Sender and Recipient.
* Arbitrary Messages window separated, for easy use.
* Proxy connections set up, detect or set manually from Preference Menu. (using TOR and other proxies should be easier)
* replaced some more HTTP APIs with Java APIs
* table content clipboard copy and easy access (transactions, messages tables)

------
Phase III (Accounts)
.for now Send window still has *bulk send* feature with attached messages and this feature will be re-evaluated and be available optional.
.slow migration from use of secretPhrases to use of only 1 Master Password (PIN code), for every operation. Keep use of secretPhrases optional and improve fluidity between secretPhrase and Master Password.
.some other features and improvements on GUI.

notes on security:
first time user will be asked to make master Password which can be changed later on from the settings.
Master password encrypted using SHA256 and kept as Java Preference. When user generates new account, software will ask to enter master Password. SecretPhrase of auto-generated account is generated using SecureRandom function with length 15+random.nextInt(240), using lower, upper, number, special characters. It is then saved to the h2 database using AES(masterPassword, SecretPhrase).
resetting/deleting user preference data, will automatically empty database. It is advised to keep database safe and not forget masterPassword. hope is to make it easier for user by only asking him to remember one password and one click generate new account with secure secretPhrase.

------
Download
------
https://bitbucket.org/fmiboy/clienxt/downloads/clienxt_008.zip

------
Usage
------
Simply unzip archive and

- Windows users - double click Clienxt.jar and enjoy
- Linux&Mac users - in terminal ./Clienxt.run & and enjoy

------
Screenshots
------

account window has above buttons, "add" existing account, "generate" new account, "watch" other accounts, "remove" accounts, "update" balance, start "forge" if secretphrase is not encrypted and saved, get "secretPhrase" of generated or saved account, generate "QR code" for accountId, generate "Token".

database, latest block and peers log.

messaging, if message is not encrypted it will be shown in message content field after selection. if it is encrypted, click "Decrypt" read message.
it will ask masterPassword, if secretPhrase is not saved then secretPhrase to decrypt message.

setting up master password, default values and connection if proxy exist.
------
Reports
------
report feature requests, bugs https://bitbucket.org/fmiboy/clienxt/issues?status=new&status=open

------
Support
------
Appreciate any kind of support!
Translators are very much welcome to contribute.
if you like the effort and the changes, please consider donating: 13792774143018875909
bitcoinpaul
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April 04, 2014, 10:22:41 AM
 #49916


Did you really quoted the whole post? Shocked
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April 04, 2014, 10:33:08 AM
 #49917

Update Clienxt GUI

Nice GUI  Grin

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April 04, 2014, 10:43:07 AM
 #49918

Does anyone know if we still have a forging pool?

Apologies for the lazy question  Grin Grin


www.hashrate.org or http://www.nxtp00l.org/

These are the Nxt Indirect Mining pools (see below Wink  Grin )

I am sure we had a Nxt forging pool, where you sent your NXTs for collective forging and trusted they would be sent back when you wanted them (I don’t think it was very popular for this reason). The main benefit was you could forge 24/7 without any hassle (for a small fee). It was a stepping stone to leased forging (I think before we knew about the concept of leased forging).

If it is no longer running, then it doesn’t really matter but can anyone confirm?


****

Taken from the Nxt Glossary Cheesy Cheesy Cheesy

Bookmark it here >>>>> http://wiki.nxtcrypto.org/wiki/Glossary

NXT Mining
You can't mine NXTs directly. However there is a method to accumulate NXTs using mining hardware, see NXT Indirect Mining.

NXT Indirect Mining
NXT Indirect Mining is the process of using existing mining hardware to mine the most profitable crypto currencies and then periodically selling them and using the proceeds to buy NXTs on the open market. In this way, crypto currency miners can use their existing hardware to transition to Nxt's second generation platform. Nxt remains 100% Proof of Stake as it is profit from mining other coins that is used to buy NXTs on the open market. If the profit was used to buy US dollars, that wouldn't make US dollars Proof of Work so neither can Nxt be. This process has a downward pressure on the price of the coins mined and an upward pressure on the price of NXTs. Also see Mining Pool.

****
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April 04, 2014, 10:47:16 AM
 #49919

guys guys counterwallet coming in a few days

Quote
xnova:  ok, the server may have some issues.... we're prepping for a mainnet release this weekend...

heads up guys, this weekend!...check out the wallet too  https://testnet.counterwallet.co/

Nxter,Bitcoiner,Ether highlevel developer working to improve the world.
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April 04, 2014, 10:49:49 AM
 #49920

guys this  Shocked



cfb is this ready for deployment?

Not ready. JL has not reviewed it yet. And then we must test it.

Yes yes very understandable, but as far as you are concerned, aside from testing, bug fixes/ revisions you are done with primary implementation?

Nxter,Bitcoiner,Ether highlevel developer working to improve the world.
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