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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761602 times)
Daedelus
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April 11, 2014, 07:49:42 AM
 #50781


and price continue its way down the drain

i just wonder when the first big founder(other than me) will break and sell of all... will be interesting to follow

would be disaster, but hey nxt was build for disaster. only question of when.......


You're wrong. As I have said before Nxt will soon be worth 4 kabajillion dollars. Or maybe somewhere in between  Cheesy


And what is The Amazing Elmo's price target for today? If you guess often enough, you're bound to get it right eventually. Don't give up hope, even a stopped clock is right twice a day.


 Grin Grin


(I think he has me on ignore, he never replies to me  Cry )
nexern
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April 11, 2014, 07:49:48 AM
 #50782


and price continue its way down the drain

blablabla...

thx for the advise to buy nxt emule, will do so.
try to get as many nxt as possible at this low rate.
Daedelus
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April 11, 2014, 07:57:15 AM
 #50783


It is a private donation you fudster

that 300k donation was ment for the whole community and all helpers, not only for ballsac.

you did get a piece of the pie? you deffend him.


Bumped on behalf of the great RickyJames, for the benefit of those who weren't reading the last time Emule went on this particular FUD cycle... (is this the 4-5 time?) Emule has a bad memory and more persistence than most have time for  Grin Grin Grin Grin


Gotta de-lurk on this one.  Salsacz has received donations totaling over 1M from original NXT stakeholders, primarily neer.g and Come-from-Beyond.  This was to be used for initial NXT marketing efforts, including salary to Salsa for his efforts in this regard.  Salsa maintains a spreadsheet documenting his spending of these funds at https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=15 .  Now that there is an elected marketing committee (which includes Salsa), there is also a second and larger block of marketing funds documented at https://docs.google.com/spreadsheet/ccc?key=0AoE8nAOEMIa7dFFnWjRNYTM4RkhsN3dRRXFBaTBiaHc#gid=14 .


Have a great day folks   Cheesy Grin Grin
timmyd
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April 11, 2014, 08:34:50 AM
 #50784

All serious Dev work and serious price predtions and analysis has been moved over to
www.nxtforum.org

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kriegalex
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April 11, 2014, 08:49:45 AM
 #50785

I thought this looked very promising, but it doesn't seem to have done well. I feel everyone is jumping on other shitcoins hoping for a pump and dump

People want to quickly get the benefits from, if not achieving their goals, people are panic selling all their coins.
 Smiley Smiley

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kriegalex
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April 11, 2014, 08:51:35 AM
 #50786

Goodmorning people!

How are you ?
fine thanks!)

Just great. Thanks for your best wishes.
Hope we have good luck! Smiley

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smfx_459
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April 11, 2014, 09:00:06 AM
 #50787

best wish for NTX ,I like it !

timmyd
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April 11, 2014, 09:07:02 AM
 #50788

Please check out www.nxtforum.org this is the place to be. all the good stuff is happening over there  Grin

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zorke
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April 11, 2014, 09:07:29 AM
 #50789

FOR ALL OF THE NEWCOMERS - WE HAVE MOVED TO A NEW FORUM!

                       https://nxtforum.org/

JUST SO YOU DON'T GET DISCOURAGED BY LOOKING AT THIS THREAD.

DEVELOPMENT IS STILL GOING ON!!
Daedelus
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April 11, 2014, 09:20:06 AM
Last edit: April 11, 2014, 12:17:45 PM by Daedelus
 #50790

I think it was missed on this thread but there is a Development Roadmap published by Jean-Luc on nxtforum.org  >>>  https://nxtforum.org/news-and-announcements/development-roadmap/

In short, many features are written and are being integrated into the main code as we speak ready for testing (there is also a github somewhere to prove it). If we want stuff quicker then we need to find more Java developers to spread the work around Grin Grin Grin

5* for Jl, Come-from-Beyond and the rest for the work so far.

****
Development roadmap

 April 09, 2014, 02:01:43 pm

--------------------------------------------------------------------------------

I am now working on integrating into the develop branch the changes from
feature/tf branch that CfB was working on. Those include Digital Goods Store,
Effective Balance Leasing, Transparent Forging changes (getNextBlockGenerators),
Phased transactions (not sure if this got completed). They will be enabled only
on test net initially, but I need to merge the code, convert all amount handling
logic to NQT, do some review and refactoring, fix obvious bugs if any.

I also need to integrate the canonical signatures and AES encrypt patches from
Dr Evil, and switch the encryption in DGS to use AES.

In the meantime, Wesley and other client devs should make the transition to NQT
so that their clients work with the 0.9 branch.

The remaining issue in AE:
https://bitbucket.org/JeanLucPicard/nxt/issue/79/buy-order-and-sell-order-matching-does-not
needs to be resolved, and this is a good warm-up task for a new developer, while
I am busy with the above work.

After bugs in fractional NXT transactions are found and fixed, we need to try on
test net the NQT_BLOCK transition without a blockchain reset. This means, first
we do another reset by setting NQT_BLOCK in the future, so that blocks with
fractional transactions on test net get deleted and again everything is only in
whole NXT. Until NQT_BLOCK, 0.9 nodes internally use NQT, but transactions are
still signed in the old format, with integer amounts. When NQT_BLOCK is reached,
transactions after that block will be signed and verified in the new format
(amounts as longs). Around the time of the transition, transactions that were
created before NQT_BLOCK but didn't get a chance to be included in the last
non-NQT block, will end up eventually being rejected. Similarly, if a fork
reached NQT_BLOCK height sooner, and its nodes started signing transactions in
the new format sooner than the real chain, those new transactions may either get
rejected, or popped off and included in new blocks after NQT, depending on their
timestamp and deadline. So overall this is a tricky transition and we need to
rehearse it first on testnet.

Only after such test is successful, and we have switched to NQT on main net, with
all clients supporting NQT and AE, we can consider launching AE.

I need to work on moving all derived objects - Accounts, Assets, etc, to the
database. I will start on that immediately after finishing the merge of the
feature/tf branch. The launch of AE does not strictly need to wait for this to
be completed, but while everything is still kept in memory we don't have a
scalable system and if AE is unexpectedly successful we will not be prepared
to handle the sudden increase in assets, orders, trades and so on. Moving those
to the database will in turn create different performance issues that need to be
found and fixed.

There are several projects that can be taken by new developers in parallel with
the above:

The Voting System needs to be tested and put in production, and will need an API
to get some statistics about voting with various restrictions - such as, only
count NXT that did not move in the last n blocks, or that did not move after the
poll was created, or do not count accounts that were created after the poll, and
so on. Having a working Voting System is important so we can agree on changes to
the minimum fee and asset issuance fee.

Alias transfer, or maybe trading, or expiration, need to be implemented. This is
again a standalone area and I don't have the time to focus on it soon.

The performance of getNextBlockGenerators, needed for TF, has to be significantly
improved. I have some ideas about it, and will see what I can do while integrating
the feature/tf branch, but finishing it may be left for a new developer. Related
to that, the implementation of UDP server and accepting transactions over UDP for
faster and DDOS-resistant processing, is again a completely standalone project
that somebody needs to take.

Features like parallel chains, blockchain shrinkage, persisting or not of some
transactions during shrinkage, will be looked at after the above work is done.
------------------------------------------

N.B.

****

NQT
See nxtQuant.

nxtQuant
This is the name given to 0.00000001 NXT (or 10^-8 in mathematical shorthand) in the Nxt code and abbreviated to NQT. nxtQuants are equivalent to satoshis in Bitcoin and allows NXTs to be highly divisible, making them tradable with coins that have values many decimal places higher or lower than Nxt. nxtQuant is currently a temporary name.

****
Source:  The Nxt Glossary  >>>  https://wiki.nxtcrypto.org/wiki/Glossary
allwelder
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April 11, 2014, 09:21:05 AM
 #50791

I have translated this to Chinese as following.
How is nxtcoin (nxt) proof of stake and transparent forging better than proof of work?
https://nxtforum.org/(chinese)/how-is-nxtcoin-(nxt)-proof-of-stake-and-transparent-forging-better-than-proof-of/new/#new

Donation welcomed.

 
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Daedelus
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April 11, 2014, 09:28:17 AM
 #50792

Our (currently) most prominent Service Provider* developer jl777 has his published his own road map for his projects >>> https://nxtforum.org/multigateway-(third-party)/roadmap/

*(i.e. not part of the Nxt core)

jl777 also has a github somewhere too, 10,000 lines of code to produce so far on the following projects. Go go go!!

****
Roadmap - Just a placeholder till I get time to write one

April 09, 2014, 02:29:25 pm

-------------------------------------------------------------------------------

Just a placeholder till I get time to write a better one. The order listed probably wont match actual chronology, but I will adjust as things change.

1. multigateway beta release
2. nodecoin beta release
3. multigateway bug fixes
4. secret project internal release
5. NXTmixer proof of concept
6. multigateway release candidate
7. secret project beta release
8. nodecoin destroys everything
9. eat a pizza

James

****


If you just bookmark these two threads, you will be able to keep up with most broadbrush technical developments in the world of Nxt   Grin Grin Grin
Daedelus
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April 11, 2014, 09:39:32 AM
 #50793



I want to see a matrix...basically get me a list of all comparisons side by side..and I will deliver a beautiful matrix that people will see and immediately understand  5- 1 week del time

starting point:  http://www.ofnumbers.com/2014/03/04/chapter-9-conclusions/


That is where I saw that link   Cheesy

Sepehr* with Nexern's bounty are on this, right?



*(sorry, I think I spelled your name wrong again  Embarrassed)
standards
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April 11, 2014, 10:12:44 AM
 #50794

Although the price is decreasing, the trade volume is very small.
It means big stakeholders are hodling. They are doing so for reasons.
Daedelus
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April 11, 2014, 10:58:33 AM
 #50795

My last post for a while as I am aware I am spamming this thread.....  Embarrassed

(you did want to know about development, right?  Grin  )


jl777 has a plan for fiat inside Nxt without the need and expense of dealing with all the regulations (i.e. let someone else deal with that  Grin)  >>> https://nxtforum.org/general-discussion/nxt-asset-exchange-lt-gt-ripple-bridge-idea/msg7517/


So, I'm looking into what would be required to allow bridging certain assets (such as CAD, USD, BTC, XAU, and maybe some others) between Ripple gateways and the Nxt Asset Exchange in a more general way.  Some questions:

  • The wiki says it costs 1000 Nxt to issue an asset?  I guess this is intended for bulk-issues, then.  If my bridge is facilitating moving assets back and forth, that seems like it could be expensive to bridge users.  Maybe I should just issue a large amount and then just have the bridge sent out of that pool?
  • I can allow users to associate a Nxt address with the bridge and then include that info in their transactions so that sending a Ripple payment to the bridge's address will automatically send the asset of that type to their Nxt address.  If I wanted something like the reverse of this do I need to have one Nxt address per user that associates a Ripple address (like with BTC), or can I include this extra metadata in the Nxt payment itself somehow?
Hello again!
I am doing the multigateway for crypto assets, and my plan was to use ripple for fiat assets.
I was planning on implementing ripple bridges, but if you are working on it, then I wont have to.

On redemption of assets, I asked for and got a comment field added, so it will be perfect to encode the destination ripple address when a user does a redemption by transferring the asset back.

If the 1000NXT cost is a problem, I can cover the cost for you so you dont have to worry about that.

If you have any other questions, just ask.
https://github.com/jl777/NXTprotocol has a bunch of code that might help you with implementation questions

James


N.B.

****
Transaction Fees (truncated)
 
The fees are currently set atː

Issue an Asset on the AEː 1000 NXT

1000 NXT to issue an Asset is designed to limit Squatting of asset names when the the Asset Exchange is launched on the MainNet. A technical fix is being discussed so this fee may drop shortly before the Asset Exchange is launched or, if not, shortly after once the likelihood of squatting has diminished.
 
Future changes to the Transaction Fee are planned and the Fee will be based on the the size of the transaction. This make the fee directly proportional to the space it will occupy on the Blockchain. This will also solve the problem of preventing Spamming of the Blockchain.
 
****
Source: The Nxt Glossary >>> https://wiki.nxtcrypto.org/wiki/Glossary


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April 11, 2014, 12:46:43 PM
 #50796

NXT Newsletter #8
http://nxter.org/nxt-newsletter-8/

Fatih87SK
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April 11, 2014, 01:18:30 PM
 #50797

is anything like this being done for nxt?

Quote
Innovations
- Payment with a security code (new function)

  How does it work?

  When you transfer the money, choose the option "security transfer". After sending the money, the system will "security code". This code you must inform the recipient. Only when the receiver will indicate the code then be able to complete the transaction. If the code is not mentioned the money back to the sender
This doesn't make sense ah?

This is like Western Union.

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April 11, 2014, 01:22:42 PM
 #50798

Ah my bad, it's working now.

I should have read everything finish.


Do you this is what meaning?
 Sad Sad

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April 11, 2014, 01:25:01 PM
 #50799

Although the price is decreasing, the trade volume is very small.
It means big stakeholders are hodling. They are doing so for reasons.


I hope you think is right
Please give me a piece of good news
Thank you

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April 11, 2014, 01:25:19 PM
 #50800

Development Node.Js

New NXT Lite (Step 3) https://bitcointalk.org/index.php?topic=562027

Test network http://193.169.244.74:19775

New Features Next Coin Lite:

- Paymant
- Transaction NXL
- Ability to pay is less than 1 unit - for example 0.0001
- Transaction USD / EUR
- Own virtual currency (Asset XXXXXXXXXXXXXXXNAME)
- Instant Transactions
- Arbitrary Messaging
- Basic DDoS Protection
- Adress Book
- Reputation System




So this is NXT but in node.js???

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