[BOUNTY] Announcements for Nxt (the first pure POS coin)

[bybitcoin]

Nxt :: descendant of Bitcoin: https://bitcointalk.org/index.php?topic=303898.0 is the first pure POS coin and was launched yesterday 24/11/2013.
Nxt uses brand new software, it’s not a fork of Bitcoin source code.  Nxt improves different features of Bitcoin, removes some disadvantages (e.g. bloated blockchain) and resolves a big environmental issue. Mining is 100% proof-of-stake, Coins are earned solely by charging transaction fees.
Time between blocks is one minute. Also the colored coin feature for p2p security exchange has been natively coded in a decentralized format into the Nxt platform and will come along in a few days too!
This thread is opened by me (a Nxt stake-holder) to inform and project the state of available bounties supplied by stake-holders donations, to get some projects done by the community in a competitive rewarding manner. Each bounty has an initial deadline but the period could be prolonged if it seem necessary. I created this thread as a self-moderated one, to keep the focus on the bounty projects. If you have some critiques or would like to discuss the Nxt project in general, you can head over to the main thread mentioned above or open a new thread of your own and do it there!
Thanks for Reading

[1714959241]

1714959241

[1714959241]

1714959241

[1714959241]

1714959241

[bybitcoin]

-500K Nxt for a short video describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option.. all for a general audience.
-100K Nxt for a general article describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option..
-50K Nxt for the Chinese translation of the above article.
The initial deadline for the video bounty is 15th of December, for the article 5th of December and for the Chinese translation 7th of December!
To get the necessary info (general&technical) of Nxt for developing these projects, you can read the Nxt main thread mentioned in the OP or refer to Cunicula (who helped in debugging the scheme) or Come-from-Beyond.

[Sharky444]

good idea!

[everythingbitcoin]

Hi
I have translated the first article above to Chinese for the bounty

NXT:  

1094620892281435792

Thank you






NXT :: 比特幣的後裔::  https://bitcointalk.org/index.php?topic=303898.0
比特幣的後裔 是第一家純POS硬幣和昨天24/11/2013推出。

NXT採用全新的軟件，它不是比特幣的源代碼叉子。 NXT提高了比特幣的不同特點，消除了一些缺點（例如臃腫 blockchain），並解決了一個大的環境問題。礦業是證明利益攸關100％，硬幣是通過收取交易費僅賺來的。

塊之間的時間為 分鐘 也為 安全交換的彩色硬幣功能已被原生編碼在 個分散的形式進入 的平台 並  

是第一家純POS硬幣和昨天24/11/2013

NXT採用全新的軟件，它不是比特幣的源代碼叉子。 NXT提高了比特幣的不同特點，消除了一些缺點（例如臃腫blockchain），並解決了一個大的環境問題。礦業是證明利益攸關100％，硬幣是通過收取交易費僅賺來的。

塊之間的時間為一分鐘。也為P2P安全交換的彩色硬幣功能已被原生編碼在一個分散的形式進入NXT的平台，並會沿著幾天呢！

 這個線程是由我（一個NXT利益相關者）開通通知和項目狀態由利益相關者提供的捐款可恩澤，得到一些項目由社區中具有競爭力的獎勵的方式進行。每個賞金的初始期限，但如果它似乎有必要的期間可能會延長。

 我創建這個線程為一個自主持之一，保持專注於賞金項目。如果你有一些批評或想討論一般NXT項目，你也可以直接到上面提到的主線程或者自己開一個新的線程，這樣做有！感謝您的閱讀

[bybitcoin]

NXT :: 比特幣的後裔::  https://bitcointalk.org/index.php?topic=303898.0.
比特幣的後裔 是第一家純POS硬幣和昨天24/11/2013推出。

NXT採用全新的軟件，它不是比特幣的源代碼叉子。 NXT提高了比特幣的不同特點，消除了一些缺點（例如臃腫 blockchain），並解決了一個大的環境問題。礦業是證明利益攸關100％，硬幣是通過收取交易費僅賺來的。

塊之間的時間為 分鐘 也為 安全交換的彩色硬幣功能已被原生編碼在 個分散的形式進入 的平台 並 

是第一家純POS硬幣和昨天24/11/2013

NXT採用全新的軟件，它不是比特幣的源代碼叉子。 NXT提高了比特幣的不同特點，消除了一些缺點（例如臃腫blockchain），並解決了一個大的環境問題。礦業是證明利益攸關100％，硬幣是通過收取交易費僅賺來的。

塊之間的時間為一分鐘。也為P2P安全交換的彩色硬幣功能已被原生編碼在一個分散的形式進入NXT的平台，並會沿著幾天呢！

 這個線程是由我（一個NXT利益相關者）開通通知和項目狀態由利益相關者提供的捐款可恩澤，得到一些項目由社區中具有競爭力的獎勵的方式進行。每個賞金的初始期限，但如果它似乎有必要的期間可能會延長。

 我創建這個線程為一個自主持之一，保持專注於賞金項目。如果你有一些批評或想討論一般NXT項目，你也可以直接到上面提到的主線程或者自己開一個新的線程，這樣做有！感謝您的閱讀

You misunderstood me! I meant the Chinese translation of the other 100K bounty article (which should originally be wrriten in English)
Still nice translation, perhaps you can open a new thread in the Chinese section and post your translation there. Most Appreciated

[everythingbitcoin]

Lol sorry *a little embarrassed*

Anyhow...Great work you're doing with this coin. Looking forward to seeing it in it's bright future!

[Come-from-Beyond]

Lol my mistake. Great work you're doing with this coin. Looking forward to seeing it in it's bright future!

Don't forget to mention that, unlike Bitcoin, Nxt's supply is NOT increasing.

[arafel71]

For help community to following and exchange upon  the bounties of nxt coin

Bounties Trello card for Nxt community :
-------------------------------------------

500K Nxt for a short video describing Nxt
https://trello.com/c/XPdbjiu9/1-1-a-youtube-introducery-video-about-nxt-and-its-features-500k-nxt


100K Nxt for a english general article describing Nxt
https://trello.com/c/Txzro89P/2-2-an-article-explaining-nxt-and-its-features-for-general-audience-100k-nxt


50K Nxt for the Chinese translation of the english general article explaining Nxt
https://trello.com/c/XGP4rZ85/3-3-a-chinese-translation-of-the-english-article-explaining-nxt-50k-nxt

Create a Trello user
and ask me for add you as member.

Don't hesitate to exchange on trello comment and on this thread.

thanks
 

[arafel71]

-500K Nxt for a short video describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option.. all for a general audience.
-100K Nxt for a general article describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option..
-50K Nxt for the Chinese translation of the above article.
The initial deadline for the video bounty is 15th of December, for the article 5th of December and for the Chinese translation 7th of December!
To get the necessary info (general&technical) of Nxt for developing these projects, you can read the Nxt main thread mentioned in the OP or refer to Cunicula (who helped in debugging the scheme) or Come-from-Beyond.

[cunicula]

-500K Nxt for a short video describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option.. all for a general audience.
-100K Nxt for a general article describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option..
-50K Nxt for the Chinese translation of the above article.
The initial deadline for the video bounty is 15th of December, for the article 5th of December and for the Chinese translation 7th of December!
To get the necessary info (general&technical) of Nxt for developing these projects, you can read the Nxt main thread mentioned in the OP or refer to Cunicula (who helped in debugging the scheme) or Come-from-Beyond.

I suggest splitting the article in to separate writing tasks. Also... video before article = cart before horse.

I'm probably better qualified to write about the PoS design than anyone else because I played a role in its design. I'd expect a full 100k bounty for this, largely because I own no nxt. (Lack of gui, lack of whitepaper, need to use blockchain.info to purchase were too big of a barrier for lazy me.) I could do the chinese translation of my section too.

I know nothing about nxt's other features. If you get one person to write the whole article, then the quality will suffer. That's not acceptable.

Low quality article -> low quality peer review of nxt -> nxt underlying quality unknown (and best to assume low quality in the absence of other information)

To facilitate peer review we need:
1) mathematically precise, approachable, and well-written article
2) nxt coders and third party coders to confirm that the source code does what the article says it is supposed to.

Once those conditions are in place smart people can read the article and critique it. This process is essential for people to gain confidence in nxt (including me).

[bybitcoin]

-500K Nxt for a short video describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option.. all for a general audience.
-100K Nxt for a general article describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option..
-50K Nxt for the Chinese translation of the above article.
The initial deadline for the video bounty is 15th of December, for the article 5th of December and for the Chinese translation 7th of December!
To get the necessary info (general&technical) of Nxt for developing these projects, you can read the Nxt main thread mentioned in the OP or refer to Cunicula (who helped in debugging the scheme) or Come-from-Beyond.

I suggest splitting the article in to separate writing tasks.

I'm probably better qualified to write about the PoS design than anyone else because I played a role in its design. I'd expect a full 100k bounty for this, largely because I own no nxt. (Lack of gui, lack of whitepaper, need to use blockchain.info to purchase were too big of a barrier for lazy me.) I could do the chinese translation of my section too.

I know nothing about nxt's other features. If you get one person to write the whole article, then the quality will suffer. That's not acceptable.

To facilitate peer review we need:
1) mathematically precise, approachable, and well-written article
2) nxt coders and third party coders to confirm that the source code does what the article says it is supposed to.

Once those conditions are in place smart people can read the article and critique it. This is essential for people to gain confidence in nxt (including me).

Happy to see that you are here to help. We are ready to pay 300K Nxt for a complete whitepaper in the following format:
1-150K Nxt for explaining how its POS works.
2-100K Nxt for explaining the coloredcoin feature and its decentralized implementation in Nxt platform (as BCNext promised it to be this way)
3-50K Nxt for explaining messaging, instant transaction option, decentralized DNS...
If you can't do all the 3 parts, but still can collaborate with Nxt devs to hear from them and finally shape and write part 2 or 3 as well, we can pay 50K Nxt extra in addition to that 300K Nxt mentioned above.
And this is all for the technical whitepaper. About general articles mentioned in OP, those bounties above are still available for anyone to grab!

[Come-from-Beyond]

1-150K Nxt for explaining how its POS works.
2-100K Nxt for explaining the coloredcoin feature and its decentralized implementation in Nxt platform (as BCNext promised it to be this way)
3-50K Nxt for explaining messaging, instant transaction option, decentralized DNS...
If you can't do all the 3 parts, but still can collaborate with Nxt devs to hear from them and finally shape and write part 2 or 3 as well, we can pay 50K Nxt extra in addition to that 300K Nxt mentioned above.
And this is all for the technical whitepaper. About general articles mentioned in OP, those bounties above are still available for anyone to grab!

I'd like to donate 50K to each of this point. Post account id so I could send 150K, plz.

[bybitcoin]

1-150K Nxt for explaining how its POS works.
2-100K Nxt for explaining the coloredcoin feature and its decentralized implementation in Nxt platform (as BCNext promised it to be this way)
3-50K Nxt for explaining messaging, instant transaction option, decentralized DNS...
If you can't do all the 3 parts, but still can collaborate with Nxt devs to hear from them and finally shape and write part 2 or 3 as well, we can pay 50K Nxt extra in addition to that 300K Nxt mentioned above.
And this is all for the technical whitepaper. About general articles mentioned in OP, those bounties above are still available for anyone to grab!

I'd like to donate 50K to each of this point. Post account id so I could send 150K, plz.

Nice! Give me one or two hours to create a separate account for bounty funds and then inform you here (this way is more transparent)
I need to eat some breakfast first

[klee]

-500K Nxt for a short video describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option.. all for a general audience.
-100K Nxt for a general article describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option..
-50K Nxt for the Chinese translation of the above article.
The initial deadline for the video bounty is 15th of December, for the article 5th of December and for the Chinese translation 7th of December!
To get the necessary info (general&technical) of Nxt for developing these projects, you can read the Nxt main thread mentioned in the OP or refer to Cunicula (who helped in debugging the scheme) or Come-from-Beyond.

I suggest splitting the article in to separate writing tasks. Also... video before article = cart before horse.

I'm probably better qualified to write about the PoS design than anyone else because I played a role in its design. I'd expect a full 100k bounty for this, largely because I own no nxt. (Lack of gui, lack of whitepaper, need to use blockchain.info to purchase were too big of a barrier for lazy me.) I could do the chinese translation of my section too.

I know nothing about nxt's other features. If you get one person to write the whole article, then the quality will suffer. That's not acceptable.

Low quality article -> low quality peer review of nxt -> nxt underlying quality unknown (and best to assume low quality in the absence of other information)

To facilitate peer review we need:
1) mathematically precise, approachable, and well-written article
2) nxt coders and third party coders to confirm that the source code does what the article says it is supposed to.

Once those conditions are in place smart people can read the article and critique it. This process is essential for people to gain confidence in nxt (including me).

I want to donate 100K nxt to you for what you did so far!
Send me your address..

[Come-from-Beyond]

I want to donate 100K nxt to you for what you did so far!
Send me your address..

He could become lazy again, who will write the whitepaper then?

[klee]

I want to donate 100K nxt to you for what you did so far!
Send me your address..

He could become lazy again, who will write the whitepaper then?

lolz

[bybitcoin]

I thought about it for a while and arrived at this: it is much disrespect to Cunicula if we promise him little 150K or 200K to do this or that.
He've already done a lot and I suggest a bounty of max. 1M Nxt separate to be given to him, of course if and only if, he puts his laziness aside for a while and construct and write the whole whitepaper ASAP. He can use communication line with the known devs to know about part 2 and 3 to shape and write those parts as well, and to get the final check from them too (based on the actual Nxt codes)
I personally donate 300K Nxt to provide this bounty, Come-from-Beyond said he can add 150K. Please post your donation if you like to support Cunicula's effort. I ll add the bounty account addresses in the OP this evening!
Also Cunicula, please pm me or post here about your readiness or whatever you think about this plan

[klee]

I thought about it for a while and arrived at this: it is much disrespect to Cunicula if we promise him little 150K or 200K to do this or that.
He've already done a lot and I suggest a bounty of max. 1M Nxt separate to be given to him, of course if and only if, he puts his laziness aside for a while and construct and write the whole whitepaper ASAP. He can use communication line with the known devs to know about part 2 and 3 to shape and write those parts as well, and to get the final check from them too (based on the actual Nxt codes)
I personally donate 300K Nxt to provide this bounty, Come-from-Beyond said he can add 150K. Please post your donation if you like to support Cunicula's effort. I ll add the bounty account addresses in the OP this evening!
Also Cunicula, please pm me or post here about your readiness or whatever you think about this plan

150K from me too!

[esuncloud]

Nxt :: descendant of Bitcoin: https://bitcointalk.org/index.php?topic=303898.0 is the first pure POS coin and was launched yesterday 24/11/2013.
Nxt uses brand new software, it’s not a fork of Bitcoin source code.  Nxt improves different features of Bitcoin, removes some disadvantages (e.g. bloated blockchain) and resolves a big environmental issue. Mining is 100% proof-of-stake, Coins are earned solely by charging transaction fees.
Time between blocks is one minute. Also the colored coin feature for p2p security exchange has been natively coded in a decentralized format into the Nxt platform and will come along in a few days too!
This thread is opened by me (a Nxt stake-holder) to inform and project the state of available bounties supplied by stake-holders donations, to get some projects done by the community in a competitive rewarding manner. Each bounty has an initial deadline but the period could be prolonged if it seem necessary. I created this thread as a self-moderated one, to keep the focus on the bounty projects. If you have some critiques or would like to discuss the Nxt project in general, you can head over to the main thread mentioned above or open a new thread of your own and do it there!
Thanks for Reading

Please see the Chinese version of launch announcement as below:
https://bitcointalk.org/index.php?topic=347956.msg3726507#msg3726507

[cunicula]

As a preliminary measure, I stuck all posts in the nxt thread that  are relevant to nxt's pos algorithm in a word document.
I stopped combing through the thread at the point of the nxtguy's disappearance.

I'm going to summarize this information in bullet point form in a new thread. I hope you guys can go through the bullet points to check for obvious inaccuracies.

Before i do this... Comefrombeyond, do any protocol modifications occur after the nxtguy goes AWOL?

[Come-from-Beyond]

As a preliminary measure, I stuck all posts in the nxt thread that  are relevant to nxt's pos algorithm in a word document.
I stopped combing through the thread at the point of the nxtguy's disappearance.

I'm going to summarize this information in bullet point form in a new thread. I hope you guys can go through the bullet points to check for obvious inaccuracies.

Before i do this... Comefrombeyond, do any protocol modifications occur after the nxtguy goes AWOL?

Not sure. But I did see numbers like 1440 and 720 in disassembled sources. If u need to get answers, send me questions and I'll resend them to BCNext. Hurry up, I'm not sure how long it will take until he starts thinking that I'm a KGB agent.

[cunicula]

As a preliminary measure, I stuck all posts in the nxt thread that  are relevant to nxt's pos algorithm in a word document.
I stopped combing through the thread at the point of the nxtguy's disappearance.

I'm going to summarize this information in bullet point form in a new thread. I hope you guys can go through the bullet points to check for obvious inaccuracies.

Before i do this... Comefrombeyond, do any protocol modifications occur after the nxtguy goes AWOL?

Not sure. But I did see numbers like 1440 and 720 in disassembled sources. If u need to get answers, send me questions and I'll resend them to BCNext. Hurry up, I'm not sure how long it will take until he starts thinking that I'm a KGB agent.

If he is likely to vanish completely, we should get our priorities straight. Forget about questions.
We need the source code or the project is dead in the water.

He promised to release the source code in two months, correct? Could you convince him to do that now instead? Or if not, could you get him to do the following:

a) encrypt the source code and upload the encrypted file in some publically accessible location
b) send the encryption key to a trusted third party. (e.g you, me, or anyone else)

That way we can remain in buisiness after he goes silent.

PS nxtguy, if you are listening, releasing the source code would reduce incentives to try to determine your identity. Both for the KGB and regular old forum users.

[bahamapascal]

If he is likely to vanish completely, we should get our priorities straight. Forget about questions.
We need the source code or the project is dead in the water.

He promised to release the source code in two months, correct? Could you convince him to do that now instead? Or if not, could you get him to do the following:

a) encrypt the source code and upload the encrypted file in some publically accessible location
b) send the encryption key to a trusted third party. (e.g you, me, or anyone else)

That way we can remain in buisiness after he goes silent.

PS nxtguy, if you are listening, releasing the source code would reduce incentives to try to determine your identity. Both for the KGB and regular old forum users.

Thats a good Idea!

[Come-from-Beyond]

He promised to release the source code in two months, correct? Could you convince him to do that now instead?

I managed to convince him to reveal some pieces of code. This won't allow to clone Nxt but still help to review it and help to fix bugs. So, what do we need? I'll create a dedicated thead.

[cunicula]

He promised to release the source code in two months, correct? Could you convince him to do that now instead?

I managed to convince him to reveal some pieces of code.  

You mean "I managed to convince him to reveal some pieces of code right now and the rest in two months," correct?

What if there is a malicious payload hidden in the software? Bitcoin users are paranoid for a reason.

[Come-from-Beyond]

You mean "I managed to convince him to reveal some pieces of code right now and the rest in two months," correct?

What if there is a malicious payload hidden in the software? Bitcoin users are paranoid for a reason.

Correct. But stakeholders r supposed to vote if the whole sources will be revealed on the 3rd of Jan. They may decide to postpone that.

Well, fast skimming thru the binary didn't show "wallet.dat" string

[cunicula]

You mean "I managed to convince him to reveal some pieces of code right now and the rest in two months," correct?

What if there is a malicious payload hidden in the software? Bitcoin users are paranoid for a reason.

Correct. But stakeholders r supposed to vote if the whole sources will be revealed on the 3rd of Jan. They may decide to postpone that.

Well, fast skimming thru the binary didn't show "wallet.dat" string

Got it. I advise everyone to run this on a low-value computer (something that you don't mind getting cryptolocked) or via the webclient until the source is released.

Posted a thread for documenting answers to basic questions about Nxt.

https://bitcointalk.org/index.php?topic=348625.msg3733803#msg3733803

[bybitcoin]

This is great: I slept for a while and now I see Cunicula has started working on the paper already!
As the guy who asked about a limited closed source from BCNext directly and then after his disappearance again, I believe it is much safer if BCNext gives a copy of the open source code to Come-from-Beyond for extreme scenario cases, and also I don't see any problem if Come-from-Beyond let
Cunicula know the detailed content of the source code to shape the whitepaper!
We just want it not to be publicly published until the 3rd of January, because at this stage a copy-cat clone could easily hurt Nxt economy.

@The Chinese guy who opened the Nxt thread in the Chinese section: while it is not related to the Chinese translation of the general article bounty, but if you continue to present Nxt on that thread and answer Chinese members' questions about this project well (we will have another Chinese to audit and check it later), we can award you 50K Nxt after certain period of time. But you should make that thread clear, up-to-date, by presenting correct information to the audience and direct them to Nxt main threads, this bounty thread, the big giveaway thread, the main trading thread, or the exchange site which should come up very soon. If you are ready to do this, please quote this post.

[Come-from-Beyond]

@bybitcoin

Where should I transfer the 150K to?

[klee]

@bybitcoin

Where should I transfer the 150K to?

Sending you my 150K part...

[bybitcoin]

@bybitcoin

Where should I transfer the 150K to?

Sending you my 150K part...

I guess you can keep them yet, I trust your promises and I have the 1M Nxt backup myself!
When Cunicula got it done, we can pool up our donations or send him directly. This way is more transparent.
@klee: I ll need your help for the giveaway soon. Please pm me when you can start assisting.

[Come-from-Beyond]

@cunicula

Do u mind if I pay u in advance? (I may lose these coins or someone could stole them). Post here ur account id if u don't.

[bybitcoin]

@cunicula

Do u mind if I pay u in advance? (I may lose these coins or someone could stole them). Post here ur account id if u don't.

That's a good idea. I can also pay you in advance. Cunicula post your address and I ll send you 300k.
We can trust you for completing the whitepaper!

[klee]

The same on my side..

[Jean-Luc]

He promised to release the source code in two months, correct? Could you convince him to do that now instead?

I managed to convince him to reveal some pieces of code. This won't allow to clone Nxt but still help to review it and help to fix bugs. So, what do we need? I'll create a dedicated thead.

He should still think about setting up a dead man switch, e.g. using http://www.deadmansswitch.net/ , and give you an encrypted copy of the complete code. Then, if he suddenly disappears (or the KGB finally gets to him...), you will receive an email with the encryption key.

[cunicula]

This is my nxt account number:

12898636000396314855

[Come-from-Beyond]

This is my nxt account number:

12898636000396314855

http://88.198.210.245:7876/?request=getTransaction&transaction=17799057860162530752

Thank u in advance.

[klee]

This is my nxt account number:

12898636000396314855

Send you mine too.
Thanks for you efforts!

EDIT: http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=13628614126839729793

[bybitcoin]

This is my nxt account number:

12898636000396314855

I sent you 300K Nxt that I promised before!
Please keep the hard work to make the paper ready ASAP

[lyynx]

Posted to my Blog, will continue to post each day the progress of Next as well as my progression through the project. Please send donations as I intend on sharing with visitors and colleagues to get theme involved.

http://www.coinwith.me/project/next-coin/

Here's my NXT Account: 1881317617924471615

[lyynx]

Introduction Video Posted to YouTube http://youtu.be/f8dLMoZLMzM

I know it's a bit boring, but at least it's a start, hey, it's thanks giving here in the US.

I will make some more exiting videos, tutorials etc.. and continue to blog regarding Next Coin.

In addition, I used a Logo I created since I had no feed back on it in the main forum.

If you feel I deserve the bounty, please send your donation to: 1881317617924471615

Oh, also, do not forget to like the video on YouTube and share it as well.

[Sharky444]

The narrative is not bad, but the pictures are too general.

[lyynx]

Yes, I know, like I said it's quite boring. But, I figure something is better than noting at this point. Once I get my hands on some better photos and some footage, I'll produce a much better video. The only thing I was looking to accomplish was to get an SEO boost with an original video pointing back to the forums.

[Roddy5690]

Is there any chance of a bounty for adding a faucet?

[cunicula]

I posted a thread on the use of tie-breaking rules in mining in the Development & Tech subforum if anyone wants to take a look.
https://bitcointalk.org/index.php?topic=355644.0

This is important to evaluation of Nxt's proof-of-stake algo.

PoS miners are able to spam blocks with different sets of txns at the same block height. With n txns, you can make 2^n non-identical blocks.
Nxt uses a set of tiebreakers to compare chains with the same summed difficulty.
Tiebreakers ensure the existence of a single consensus chain at all times.

I'm trying to find out if there is a reason why bitcoin does not use tiebreakers. Post in the thread if you have some knowledge on this issue.

[sangaman]

Why was this coin released before a whitepaper and/or coherent explanation of how the protocol works was published? Or is this published somewhere and I just haven't seen it?

[bybitcoin]

Somebody has registered with my btt username in nextcoin forum offering NXT sale, and as I've received a pm he already scammed one guy for 1 BTC.
Guys I do not have any other forum account with this bybitcoin username. While privacy is a principle for any forum policy, I ask the nextcoin forum manager to investigate and even publish the guy's email address and id. if available.

[lyynx]

Well, the video I created has now gotten 260+ views. I have been answering questions and referring back to the forum, hopefully this helps the coin. http://www.youtube.com/watch?v=f8dLMoZLMzM

Also, for those who have an advanced understanding of the coins concepts (advanced features) I would like to schedule a skype call to review, so I can take that info and create a really good video to assist in promotion.

[bybitcoin]

Well, the video I created has now gotten 260+ views. I have been answering questions and referring back to the forum, hopefully this helps the coin. http://www.youtube.com/watch?v=f8dLMoZLMzM

Also, for those who have an advanced understanding of the coins concepts (advanced features) I would like to schedule a skype call to review, so I can take that info and create a really good video to assist in promotion.

Good video but there are some points I should mention:
1- preferred a stronger stress on green not energy-hungry based way of PoS mining;
2- decentralized coloredcoin implementation and distributed exchange that makes trading securities or any digital tokens possible in a decentralized p2p way should be included. Without that the video can not win.
3- I didn't like that part you explained about Nxt have been bought by 21 BTC and now investors like to distribute SOME of the coins among other users. Those 21 BTC, as BCNext mentioned once, was a kind of fundraising and also a guiding measurement to distribute the genesis block coins at the launch point. The main goal of Nxt project and also its founders (investors, whatever) is to distribute is as evenly as possible among more and more users (and not only some part of it)!

Your video uses very fixed and general pictures, I guess a more moving style of images could be more attarctive and impressive to get people into Nxt (watch the coloredcoin project video for an example). All in all I liked the narrative overall

[lyynx]

Hi bybitcoin,

Although, I agree with your observations, at this point, not really looking for feedback on the video as I stated when I created the video, it was a quick and simple implementation of what I had at that point.

What I am looking for now, is someone, to volunteer to participate in discussion with me via Skype, Google Hang outs or Conference Call, to provide an overview of this coins more advanced functionality, which in turn, I will then create a more suitable video. I figure, a 1/2-1 hour conversation should suffice.

Any volunteers?

BTW, whatever happened to my Trust +1 ?

[lyynx]

In reading my reply, it sounds a bit dismissive (rude) so I want to expand a bit, since it was not intended to be. My original video should no longer be considered for the bounty as I intend on submitting a new video. I want to create a video that is informational, covers some basics and dispel's myths and rumors regarding NXT, but, I need some questions answered. I have done my fair amount of reading, but sometimes a simple conversation suffice's.

So if anyone has time to give me a brief breakdown and answer some questions, the resulting video will be much better and informative.

[klee]

In reading my reply, it sounds a bit dismissive (rude) so I want to expand a bit, since it was not intended to be. My original video should no longer be considered for the bounty as I intend on submitting a new video. I want to create a video that is informational, covers some basics and dispel's myths and rumors regarding NXT, but, I need some questions answered. I have done my fair amount of reading, but sometimes a simple conversation suffice's.

So if anyone has time to give me a brief breakdown and answer some questions, the resulting video will be much better and informative.

Nice of you, you deserve a good bounty for your efforts! I hope I could help you with your questions but I don't have the technical expertise..

[bybitcoin]

Hi bybitcoin,

Although, I agree with your observations, at this point, not really looking for feedback on the video as I stated when I created the video, it was a quick and simple implementation of what I had at that point.

What I am looking for now, is someone, to volunteer to participate in discussion with me via Skype, Google Hang outs or Conference Call, to provide an overview of this coins more advanced functionality, which in turn, I will then create a more suitable video. I figure, a 1/2-1 hour conversation should suffice.

Any volunteers?

BTW, whatever happened to my Trust +1 ?

Hey!
I made a review based on the thought that it is for the 500K Nxt bounty. Sorry if I got it wrong. If it is a free video to help introduce and spread the word of Nxt, I should thank you, that is a nice introducery one!
About the trust, sorry bro, I have been too busy recently, a lot of trading, a lot of pm wrongly directed to me (they think I am a project manager?!) and also my routine daily life and job. As I told another guy, I ll certainly review my pms again when things get a bit calmer and will start to write the proper nice feedback about the trustful trading deals I had with all you guys.
Thank you!

[opticalcarrier]

Here is my candidate for the general article or whitepaper (please verify my statement on the genesis block in item #4 of the list):

What is NXT?

Nxt is considered a 2nd generation crypto currency.  With all the alt coins coming out that only change things such as hashing mechanism, time between blocks, starting difficulty, and so on, Nxt brings much much more to the table and was designated this way for a number of reasons:

1.  It is not an "alt coin" like coins such as litecoin, peercoin, and others who have their code based on Bitcoin's source code.  It is brand new from scratch with its own code.

2. It provides built in support for planned extra features such as a decentralized peer-peer exchange, colored coins, messaging/chat, decentralized DNS, and options for instant transactions.  We will describe these advanced features later in this article.

3. It is a 100% proof of stake versus the proof of work mechanism the vast majority of other coins are based on.  This effectively removes a large security risk inherent in most other coins, as now the issue of a 51% attack or other vulnerabilities inherent to PoW coins are now gone.  The biggest plus here is how green this protocol is (not a reference to colored coins) in power consumption, since PoS doesn’t require massive amounts of hashing power

4. It was announced weeks in advance, unlike mere hours like most coins.  The 71 stakeholders are responsible for distributing the 1 billion Nxt coins that were ejected from the genesis block via an injection of bitcoin (donated by them, 21 BTC total) into the genesis block.  This is a requirement for this PoS system to work and this distribution is now in progress.  Nxt is listed on http://coinmarketcap.com/ and people are trading on a 1on1 basis in the forums as well as on a temporary (centralized) exchange http://www.dgex.com.

Let's get into the first planned feature, a decentralized exchange.  How do we currently trade coins now?  Well you have to sign up for an account on a centralized platform such as Cryptsy/BTC-E/Bter/etc, transfer them your coins and pay them for transactions. This brings in a large concern that I personally have yet to be seen brought to light, in that it’s possible that the exchange could just bail with everyone's deposits.  This has actually already happened when the Sheep Marketplace did just that with 96,000 bitcoins, ending up as the largest theft in history.  The developers of NxT (BCNxt and his crew) are developing a peer-peer exchange into the software to allow for decentralized trading which will eliminate this trust point.  It will also eliminate trading fees!  Obviously this is all still completely secure and anonymous as are current bitcoin transactions.

But let’s not stop there.  If you can have a decentralized exchange based on the peer-peer model then what else is possible?  Well, quite a bit as it turns out; the developers are also building in a decentralized DNS system to compete with namecoin.  Also in the future we can expect messaging and chat systems that, like the p2p exchange, will also be completely secure and anonymous.  Think of what this will allow:  Completely anonymous websites, AND anonymous payments, to go with an anonymous support system in the chat/messaging feature, all 100% secure, encrypted, and irreversible.

Nxt (pun intended) is one of the more curious services: colored coins.  To understand the concept of colored coins requires a fairly deep view into bitcoin transactions that most people aren’t aware of.  With bitcoin, each transaction's output hashed address is based on a previous receiving address that originally received that coin.  So with the blockchain, a set of bitcoin transactions can be traced.  Not to a person mind you, but what is meant is that an individual coin or pieces of that coin can be traced back on a transaction by transaction basis.  Since this is a case, then if it was possible to expand the protocol to allow a person to designate or "color" a particular coin, then we can build a bridge from the virtual crypto currency world to the physical world.  In effect that coin can then be used to represent some physical entity here on earth.  Property, stocks/bonds, commodites, or really any concept that can be concretely identified could be used.  This protocol expansion is exactly what is being built into Nxt’s unique code to allow for the use of colored coins.

Let’s talk about Proof of Stake and green energy.  Everyone knows how bitcoin is based on Proof of Work.  That is there are thousands of miners around the world crunching away at hashes and gobbling up TONS of power.  Now, PoS doesn’t really involve ‘mining’ per se; it’s important to realize that unlike bitcoin, all Nxt that will ever exist already exists, so client wallets now ‘mine’ for transaction fees.  A growing trend is to refer to this as ‘forging’ instead of ‘mining’.  Since this can be done on a client wallet loaded on a PC (CPU mining), it is MUCH more environmentally friendly and power efficient.

Now, on to the nuts and bolts of Nxt’s implementation of PoS.  Its elegantly simple: transaction fees are distributed out proportionally to all users based on the amount of Nxt a client has. (assuming that client is running and unlocked).  So if a client has 1 million Nxt, then they have 1/1000 of a chance of receiving the transaction fee for any transaction.  The math here is 1 million (amount the client has) divided by 1 billion (total Nxt in existence) is 1000, so that is 1/1000 of a chance.

Some extra notes about Nxt:

Nxt is a brain wallet, a very long and secure passphrase MUST be used to generate your account.

As stated, to forge (AKA mine) for transaction fees, your client must be running and unlocked on your machine.

The software is currently java based, and closed source.  Pieces of the code are available for review upon permission of the devs, but the full code will not be released until Jan2014 official launch.

Many people refer to this as 100% pre-mined, but this isn’t really accurate since there *is* no mining, and the PoS system depends on all coins being distributed out.

The Nxt official thread in bitcointalk.org is at https://bitcointalk.org/index.php?topic=345619.0

[JohnnyBTCSeed]

Nxt :: descendant of Bitcoin

Decentralized WhitePaper
the quote compilation

Thread originally launched by BCNext September 28, 2013

About the Dev
Starts with some mystic, who is BCNext?
“I’m a veteran member of this forum.  I have to use this brand new account to remain anonymous but later I may reveal my identity.”

The 2nd thread post. More Mystic!!
https://bitcointalk.org/index.php?topic=303898.msg3253052#msg3253052
Important
15 minutes ago I had a talk with a man (or a woman) who said he is a police officer. We were chatting via Skype, he asked me to make him a phone call because he has important information for me. I refused to do so and closed Skype.

From later in the thread( an admission by Come-from-beyond)
https://bitcointalk.org/index.php?topic=303898.msg3582242#msg3582242
I posted this message using his BitcoinTalk account. This also adds some headache to CIA/FBI, coz now they are not sure if BCNext wasn't me actually. So they have to spend a lot of resources to figure this out, coz I live in a country that is out of the USA reach.

Nov 14 BCNext stops using bitcointalk
https://bitcointalk.org/index.php?topic=303898.msg3579631#msg3579631
No, he just stopped to use BCNext BitcoinTalk account.

https://bitcointalk.org/index.php?topic=303898.msg3582242#msg3582242
I think the main cause was that someone got his IP he logged to this forum with. He used Tor but it's known that traffic analysis lets to reveal the real IP. So surfing BitcoinTalk as a guest or as another user is the only secure way.

https://bitcointalk.org/index.php?topic=303898.msg3696814#msg3696814
He won't appear. Just like Satoshi. But I'm not going to be a 2nd Gavin, so u better to cooperate themselves.

About NXT
https://bitcointalk.org/index.php?topic=303898.msg3253022#msg3253022
Nxt uses brand new software, it’s not a fork of Bitcoin source code.  Nxt improves different features of Bitcoin, removes some disadvantages (e.g. bloated blockchain) and resolves a big environmental issue.  I won’t write too many words, let’s jump straight to TL;DR version.

Coins are earned solely by charging transaction fees.
All coins will appear in Nxt via “transferring” them from the Bitcoin blockchain.  Not all bitcoins will be transferred hence the total number of coins is unknown yet.
Time between blocks is one minute.  This increases the rate of orphaned blocks but makes it more convenient for the users.
Nxt doesn’t use so-called “scripts” aka predicates.  This simplifies and accelerates transaction processing.  Advanced features like multisig will be created on top of the core as 3rd party services.
Mining is 100% proof-of-stake, Greenpeace will be happy.

How the initial coins were generated, (which is closed BTW,)

So, if you want to get coins do the following:
1.  Choose a secret phrase
2.  Calculate SHA256 hash of this phrase (an online calculator can be used)
3.  Calculate SHA256 hash of the hash you got on the previous step
4.  Send any amount to 1BCN1ugdKdWd9pQ8Am9hMhtHZfmbXzxE8a, don’t forget to attach a message with the hash you got on the 3rd step. (The amount is capped at 1 BTC!)

Fund raising ended on Nov 18th!
https://bitcointalk.org/index.php?topic=303898.msg3620732#msg3620732
1. Fundraising is over. That last 1 BTC, sent after the 2nd marking transaction, will be accepted but no more deposits should be made.
2. Nxt will be launched earlier than on the 3rd of January, right after the final test.
3. New Nxt users r supposed to be attracted by selling NXT and distributing via Nxt Faucet.
4. Messaging feature will be released later to avoid situation when somebody attempts to bloat the blockchain making it too huge for newcomers.

About Nxt proof of stake
https://bitcointalk.org/index.php?topic=303898.msg3279997#msg3279997
1]  Nxt is 100% proof-of-stake currency.  Why?  Because this lets not to waste tons of electricity and protects against 51% attacks.
2]  Proof-of-stake means that users must own some coins.
3]  How to generate coins?  Premine 100% and giveaway like Ripple?  No way.
4]  Let's transfer tiny amounts of bitcoins to my address.  More you send, more you get.  Looks good to me.
5]  Why send coins to my own address, not some unspendable address?  I need a way to send the coins back, just in case.  Or fund development of services to promote Nxt, if the total amount happens to be decent.

https://bitcointalk.org/index.php?topic=303898.msg3290949#msg3290949
After thinking about the mining algorithm I came to conclusion that original proof-of-stake used by PPC and NVC is a bit flawed.  Bob could accumulate small amounts on different accounts during a long period of time and then attempt a 51% attack.  Artificial limits like max 90 days don't seem to work as intended.  Nxt will use a different proof-of-stake approach, I need time to nail some details and then I'll post them here

https://bitcointalk.org/index.php?topic=303898.msg3298139#msg3298139
Nxt doesn't need 4000 BTC for a huge success, it needs 4000 participants.

https://bitcointalk.org/index.php?topic=303898.msg3360898#msg3360898
Nxt keys are not compatible to Bitcoin ones.  Nxt uses Ed25519 and there is no a way to convert a Bitcoin key into a Nxt key.
Nxt gives a way to skip Bitcoin's inflation age and jump straight to the time when there is 21,000,000 coins.  Do I need to be an economist for that?

https://bitcointalk.org/index.php?topic=303898.msg3360933#msg3360933
There are not so many differences between Bitcoin and Nxt.
1]  Nxt uses Ed25519 (http://ed25519.cr.yp.to/)
2]  Nxt is 100% proof-of-stake currency.  I will publish technical details in this thread soon.
3]  100% of coins is premined in the genesis block.  No a whitepaper required for that I believe.

I will explain how PoS works in Nxt.  The source code will be published when Nxt is launched.
1,000,000,000 coins will be distributed proportionally to sent amounts if an early adopter bonus is not applied.  3rd of January is a good day for the launch.  I am still thinking of the bonus.  The cap is set by common sense, noone will trade a lot of BTC for NXT because of uncertainty the project won't fail.

On the creation of Nxt coins
https://bitcointalk.org/index.php?topic=303898.msg3256852#msg3256852
All nxts will be in the genesis block waiting for someone who knows the secret phrase entered on the 1st step.  I won't be able to take these coins because the network will reject any non-legit transaction.  Everyone will get nxts in proportion to the bitcoin contribution.

Original Dl instructions
https://bitcointalk.org/index.php?topic=303898.msg3261520#msg3261520
This is the networking part: https://mega.co.nz/#!6owCCbyS!DvGh_0jftXCF317RkpZT1WIxVI9lXsWpoPj3cJpDPDo
1. Download Nxt.zip
2. Go to the directory with the file
3. Type "java -cp Nxt.zip Nxt"
If your computer is visible on the Internet then type "java -cp Nxt.zip Nxt <my_IP_address>" instead of #3.
This soft logs 2 types of messages:
- Number of connections (changed each time a peer connected/disconnected)
- Number of peers (changed each time a list of known peers is updated)

Block Generation
https://bitcointalk.org/index.php?topic=303898.msg3280548#msg3280548
I think it's a good idea to tell about block generation in Nxt.
Alice has 2500 nxts on her account.  Last time she found a block 4 days ago.  Her money is like a mining rig with hashpower equal to 2500 * 4 = 10000 GH/s.
Bob has 1000 ntx on his account.  He was on vacation and hasn't opened his account for 20 days.  His money is like a mining rig with 1000 * 20 = 20000 GH/s hashpower.
Each time Alice or Bob opens their account they have a chance to generate a block.  More money they have, higher a chance to do it.  More time passed since the previous generated block, higher a chance to generate a new one.
Even a small amount can generate a block by accident.
An exchange that holds coins of its customers can afford to provide the service with 0% fee.  It will still earn money via block generation.

Block Time Calculation
https://bitcointalk.org/index.php?topic=303898.msg3699819#msg3699819
It's changed each new block. To know how it's calculated u should read 1st 10 pages of this thread starting from Cunicula's question how mining works. Scroll pages until u see a vampire rabbit avatar with a lot of skulls around.

Address generation
https://bitcointalk.org/index.php?topic=303898.msg3283626#msg3283626
I created a small program for address generation.  https://mega.co.nz/#!94IETDZL!FRbFAnAi4uu4G5dh6HUSvmHfgK5GXKsh4NWdgY2avJ0

How to generate an address
https://bitcointalk.org/index.php?topic=303898.msg3290394#msg3290394
At the moment only one boot-strapping server is available:  http://88.198.210.245:7875
How to generate an address:
1]  Visit http://88.198.210.245:7875
2]  Click on the orange lock in the top left corner
3]  Type a secret phrase, later it will be used to unlock your account
4]  Hit OK button
5]  The address will appear next to the lock icon

How to send money
https://bitcointalk.org/index.php?topic=303898.msg3314850#msg3314850
Added transaction handling.  
How to send money
1]  Go to http://88.198.210.245:7875/
2]  Click the orange lock to unlock an account
3]  Enter any digit into SECRET PHRASE field, for example "1" (the genesis block contains only 10 addresses with 100 mil coins on each)
4]  Click the purple arrow in the top right corner
5]  Fill the form, amount must be not greater than 10,000 and fee not greater than 100 (limited for testing)
6]  Deadline (in hours) can be less than 1, enter 0.1 to set it to 6 minutes
7]  See the balance adjusted and the transaction appearing in the unconfirmed transactions list

If a transaction is not included into a block (it's not because mining is in development yet) then after the deadline is reached it will be removed.  We tested that transactions are correctly propagated over the network (sent some from one peer and watched them appearing on another).

https://bitcointalk.org/index.php?topic=303898.msg3347084#msg3347084
Added a button to generate authorization tokens that can be used on third-party websites.  Such token identifies an account owner and removes necessity in registration.  Using a token any website can get the account id (for withdrawals and other needs) and make sure that a user is the legitimate owner of the account.

Authorization workflow
1]  Unlock an account in Nxt client
2]  Press KEY button and enter the website url
3]  Copy a token (160 chars) and paste it on the website to log in

Mining
https://bitcointalk.org/index.php?topic=303898.msg3331297#msg3331297
There will be 1,000,000,000 coins.  And amounts can be only whole numbers.  Later we can add fractional numbers but now it would be inconvenient.

https://bitcointalk.org/index.php?topic=303898.msg3329604#msg3329604
A version with mining is deployed.  Visit http://88.198.210.245:7875 and open BLOCKS widget.  Use any digit as a secret phrase to unlock one of the funded accounts and send some money to your own account (limited to 10,000 at once).  After a confirmation you will be able to generate blocks as well.

Now we are testing the retargetting.  100 % base target equals to the target that lets to generate one block per minute with 1,000,000,000 coins on the balance.  Actual generation time is displayed on BLOCKS widget in RECENT BLOCKS section.

https://bitcointalk.org/index.php?topic=303898.msg3329891#msg3329891
Estimated time changes each block due to retargetting and different block hashes.  10'000 NXT gives you 0.001% to generate a block.

Extra services
https://bitcointalk.org/index.php?topic=303898.msg3299484#msg3299484
We need someone to launch services available shortly after the Nxt launch.  An exchange, a gambling site, a faucet, etc.  

https://bitcointalk.org/index.php?topic=303898.msg3354807#msg3354807
I got some offers, on the launch or shortly after it we will have the following services:
1]  Faucet.  It will be funded by our donations
2]  Currency exchange.  Classical BTC-to-NXT-n-back exchange
3]  Stock exchange.  If I got it correctly this is going to be a simplified (for non-pro traders) version of a stock exchange, can be used for crowdfunding
4]  Virtual goods store.  The goods will be provided by ordinary users (books, links, game codes, anything represented as plain text)

https://bitcointalk.org/index.php?topic=303898.msg3355477#msg3355477
Nxt is being developed with payment privacy in mind.  I have not revealed details yet, but I can say that there is a special account in Nxt (recipient #0), later it will be used for advanced features (mixing, escrow, etc.)

BCNext talks about development and features
https://bitcointalk.org/index.php?topic=303898.msg3386608#msg3386608
Frankly speaking I need these bitcoins to start the development and then I expect Nxt price to skyrocket (when users see Nxt has a lot of superior features like reliable instant transactions). Then I sell some of my nxts to get the rest of the money.

https://bitcointalk.org/index.php?topic=303898.msg3392429#msg3392429
There is one thing here that gives Nxt the potential.  I do write the code instead of talking how it should be written.  I mean Bitcoin improvement process, which is so slow mainly due to necessity to co-ordinate work of all core developers.  Also, Nxt will be the first currency implementing colored coins and other advanced features.  Anything that comes to the market later will have to work very hard to catch up with the leader.

https://bitcointalk.org/index.php?topic=303898.msg3441890#msg3441890
I had a bad experience cooperating with some ###coin developers.  A lot of time was spent on talking, the outcome did not satisfied me.  That is why now I am working alone.  The things are implemented much faster this way.

https://bitcointalk.org/index.php?topic=303898.msg3394230#msg3394230
Nxt requires 10 times less bandwidth and storage.  It uses signing algorithm which is faster than Bitcoin's one.  Thus it can scale to a higher degree than Bitcoin can

https://bitcointalk.org/index.php?topic=303898.msg3426466#msg3426466
And now let's look at Nxt:
1. Decentralized, u can't shut down it.
2. Invulnerable to ASICs/supercomputers coz it's not a PoW currency.
3. All features necessary to run a nxt Silk Road r being developed in 1st place.

From Nov 8
https://bitcointalk.org/index.php?topic=303898.msg3517437#msg3517437
All the features? They require a little coding.  Nxt core is completed, adding new features on top of it is very fast and easy. The only thing that slows me down is the client.  I have to cooperate with the client developer.

https://bitcointalk.org/index.php?topic=303898.msg3520595#msg3520595
All main features r completed and Nxt can be launched even today. I can do it by myself after I figure out how to create Genesis block. Disassembled code is quite ugly but readable. This coin is the most innovative among all other coins I supported, so if bcnext is hit by bus I will launch it.

Features
https://bitcointalk.org/index.php?topic=317607.0
Nxt client will have widgets that scan the blockchain and visualize digital goods.  I'd like to hear how this should look and what features should be implemented in the client software.

Oct 19th, A vote is had for first advanced features(hint: colored coins won)
https://bitcointalk.org/index.php?topic=303898.msg3368035#msg3368035
Features voted on
Messaging
Storing messages in the blockchain.  The amount will be determined by the length of a message, this money will be destroyed increasing value of all other coins.  Such messages can be used as digital contracts because they will be signed with the account key.
Two-phase payment
A payment that must be commited.  This should stimulate sellers not to cheat their customers.  A payment can't be rolled back and the sender can't get the funds back in any case.
Voting system
A tool that lets to vote on anything.  Number of voices is determined by the stake of coins.
Colored coins
A system that tracks ownership of any digital property.  

Quotes that mention colored coins
https://bitcointalk.org/index.php?topic=303898.msg3378899#msg3378899
I had a small talk with the guy who is launching the stock exchange for Nxt.  He was curious when the colored coins feature would be ready.

https://bitcointalk.org/index.php?topic=303898.msg3390529#msg3390529
Colored coins + Messaging let to easily run USD-NXT gateways.  Merchants can ask dollars but customers will pay with nxts.  Gateway owners are the only ones who will have problems but it's their business.

https://bitcointalk.org/index.php?topic=303898.msg3509385#msg3509385
UPDATE nov 7th
Implemented Colored Coins.

https://bitcointalk.org/index.php?topic=303898.msg3517537#msg3517537
Nxt lets to trade assets represented by colored coins for NXT in atomic transactions.  All the rest is up to asset issuers.

More Features
https://bitcointalk.org/index.php?topic=303898.msg3413767#msg3413767
Nxt has such features as
# Instant transactions ("0-confirmation transactions")
# Anonymity of IP address send transactions & mining blocks (with Tor or the cloud client)
# P2P exchange BTC (with colored coins)
# Faster difficulty changes (adjusted each block)
# Name doesn't contain "coin", "cash", "kash", "money", "dollar",  nor "bit" (at least now, Nxt is a codename)

Decentralized Stock Exchange
https://bitcointalk.org/index.php?topic=303898.msg3438612#msg3438612
Next week we will test a prototype of a decentralized stock exchange built on top of Nxt.  The very first decentralized exchange as far as I know.
Then we will test the very first decentralized app store.  Then decentralized voting system.  You can extend this list, just add "decentralized" and "built on top of Nxt" to any thing that comes to your mind.

https://bitcointalk.org/index.php?topic=303898.msg3578391#msg3578391
I updated my server (http://88.198.210.245:7875/) to show BCNext the stock exchange interface. U can take a look and post ur suggestions/improvements. Tomorrow the development will be continued.
Click "Apple" icon in the bottom to open the exchange. If u log with "1" secret phrase u can see an asset issued by this account.

Chained Transactions
https://bitcointalk.org/index.php?topic=303898.msg3462942#msg3462942
Added chained transactions support.
What chained transactions are.  Each transaction may refer to other transaction.  For example, a message-type transaction may refer to a payment-type transaction to describe what the payment is made for.  If a transaction refers to other transaction it can not be added into a block until the referred transaction is confirmed.

Chained transactions can be used in different ways.  A SatoshiDice-like service can accept unconfirmed transactions and do instant payments.  The only thing necessary is to refer a betting transaction.  If a bet is not confirmed (due to being double-spent, etc.) the reward paying transaction will not be confirmed as well.  Your homework is to think what else the chained transactions could be used for.

Decentralized DNS
https://bitcointalk.org/index.php?topic=323909.0
Namecoin has never worked because necessity to install browser plugins (or do other things like setting special DNS servers) ruined its brilliant idea at the very beginning.  I would like to announce a feature of Nxt that offers a solution to the problem.

https://bitcointalk.org/index.php?topic=303898.msg3472657#msg3472657
By the way, in addition to decentralized DNS Nxt will have decentralized file storage.  Nxt client will be hosted on the blockchain, updates will be published from my Nxt account (the same as the generator of the genesis block).  I hope my Nxt stake will be enough to push all planned updates.  The current version takes the same volume as 1280 payment transactions, that can be quite expensive to pay fees for storing 160 KiB.

https://bitcointalk.org/index.php?topic=303898.msg3517509#msg3517509
Let me show this using Nxt DNS as an example.
What I have to do to add Nxt DNS
1]  Add a new subtype of messages -- SUBTYPE_MESSAGING_DOMAIN
2]  Add code for processing "resolveAlias" request -- ~30 lines of code
That's it.  Now an Nxt node processes transactions that set domain aliases and requests from JavaScript that asks for real address.

On the Launch
https://bitcointalk.org/index.php?topic=303898.msg3256852#msg3256852
03/Jan/2014 is a very good day for the launch.  Exactly 5 years after the launch of Bitcoin.  The genesis block and software will be published much earlier so the community will have enough time to check and test everything.

https://bitcointalk.org/index.php?topic=303898.msg3685194#msg3685194
BCNext wants to launch Nxt on the 24th of November at 12:00:00 GMT.

https://bitcointalk.org/index.php?topic=303898.msg3517403#msg3517403
At the beginning of December we will start the final test when new features is not be added and I have 3 weeks to fix found bugs.

https://bitcointalk.org/index.php?topic=303898.msg3668246#msg3668246
BCNext explained why he speeded up the launch. He wants the stake holders to make all important decisions.

Upon the launch we will have only basic features, Messaging and Colored Coins will be disabled. In a week (if no serious bugs found) Colored Coins (decentralized exchange particularly) will be enabled, but Messaging can lead to blockchain bloating and become an obstacle for newcomers, so we will vote when we let it to be enabled.

The 1st voting will be when to publish sources. We'll get SHA-256 hash of the source code but it will be published on the 3rd of January if we (stakeholders) decide so. If we choose to postpone then we will vote about other date.

BCNext thinks it's not necessary to wait until we get correct hashes. He will move this coins to a special account and will give them to owners when they prove ownership. If some unclaimed coins left after the 3rd of January they will be transfered to Nxt faucet.

Genesis Block data
https://bitcointalk.org/index.php?topic=303898.msg3641968#msg3641968

Instructions to claim coins
https://bitcointalk.org/index.php?topic=303898.msg3674067#msg3674067

Nxt Market cap as of Nov 24
https://bitcointalk.org/index.php?topic=303898.msg3700395#msg3700395
Right now Nxt market cap is 800'000 USD. I hope with a good exchange we'll reach 10'000'000 USD very soon.

https://bitcointalk.org/index.php?topic=303898.msg3701699#msg3701699
1'000'000'000 NXT in existence. This is cap. No inflation at all. Generation is from transaction fees only.

Total amount sent in originally
https://bitcointalk.org/index.php?topic=303898.msg3703586#msg3703586
there was about 21 btc total for the original 1,000,000. but consider that some paid more than others cause later donators paid more per nxt

All new and current information at the new thread
https://bitcointalk.org/index.php?topic=345619.0



tip address for the author of this compilation
Nxt      7808957934806968659
BTC     12eBGdEk6xNMaVo9AiWaSy8ijf5voYXWyM

[Come-from-Beyond]

Amazing compilation! Especially I liked that part were I was part of the mystery.

[salsacz]

This is my article that describes NXT for a general audience, without technical details  

Do you know Bitcoin? This online currency was created a few years ago and it had many followers. NXT is first of the second generation online cryptocurrencies. NXT is a brand new software that provides many cool features that Bitcoin didn't have. It also prevents of all bad things that Bitcoin came up with.
 
NXT concentrates on decentralisation. With NXT you won't need to use online marketplaces, exchanges, forums. Everything will be included in the application, so you won't have to be afraid of DDOS, censorship...
 
First block, Genesis block, was given to the early adopters. They are very important part of the NXT. First holders will be distributing NXT among more users. It is their duty to share the NXT with other people so it can become a new worldwide online currency.
 
No inflation. There is and will always be only 1 billion of NXT. So there is no mining. If you transfer some NXT, you pay a little fee. This fee goes back to the system as an interest for people that own NXT. The more NXT you have, the merrier NXT you get from fees. So the price of NXT won't be affected by miners!
 
NXT is based on green pure proof of stake mining. You will never need fast processor or graphic cards to get more NXT. That's really a big difference of Bitcoin and it might save our planet too. Maybe.
 
Nxt doesn't need millions of scripts, so it provides instant transactions. You can send your NXT from the USA to China within seconds!
 
Would you like to exchange $ € ¥ with Bitcoins, Litecoins or NXT within seconds, without using any provider, exchange with high fees, banks? No problem! You can send colored NXT that represent stocks, smart properties, other currencies (such as dollars, pounds, yen, or euros), and even other cryptocurrencies (such as Bitcoin, Litecoin, or Namecoin).
 
Do you know, what is centralized exchange? That's the Bitstamp, Cryptsy or BTC-E with huge fees and also dozens of hacked marketplaces or sites that had to be taken down by governments or simply because of DDOS. That's why people are looking for decentralized p2p exchanges, where no provider (or hacker) can steal all of your money. Nxt buyers and sellers trade directly with each other! So there are no commissions, only small network fees.
 
Do you have to login to the forums to communicate with the potential seller? NXT provides internal instant messaging, so you can talk to him throught the main application.
 
Decentralized DNS is another invention of NXT. Well, it is also used by Namecoin, but NXT has improved version. Why is it important? It's very useful for security and also prevents from cybersquatting and censorship. Centralised DNS adress can record a lot of transfers and that is something that NXT doesn't want.

Version 2.0 here:
https://bitcointalk.org/index.php?topic=345773.msg4065929#msg4065929

[psybits]

We would like to offer a Press Release for NTX for 0.4 BTC in NXT

It would be the full service at http://bitcoinprbuzz.com/services

Our clients get published on Yahoo Finance, Google News, Routers, Bloomberg Businessweek, The Wall Street Journal and more!

We will write the Press Release draft and send it to one of the NXT dev team before we start the distribution.

We really like the vision behind NXT and would love to help get the word out!

Looking forward to hearing from you

You can see our main thread here for real testimonials: https://bitcointalk.org/index.php?topic=181318.msg3765639#msg3765639

[opticalcarrier]

We would like to offer a Press Release for NTX for 0.4 BTC in NXT

It would be the full service at http://bitcoinprbuzz.com/services

Our clients get published on Yahoo Finance, Google News, Routers, Bloomberg Businessweek, The Wall Street Journal and more!

We will write the Press Release draft and send it to one of the NXT dev team before we start the distribution.

We really like the vision behind NXT and would love to help get the word out!

Looking forward to hearing from you

You can see our main thread here for real testimonials: https://bitcointalk.org/index.php?topic=181318.msg3765639#msg3765639

When will we be notified on selection from the candidates for the 100k general article bounty?

[myhoho]

 Just to announce. I'm working hard on nice animation for general public, trying to make it perfect and meet the deadline. So, bybitcoin, will you wait for the best or just pick the first you like? I hope I'll be able to publish it on friday 13 december.

[opticalcarrier]

bump to top

[GCInc.]

Got to this thread only now. Wonder what's Cunicula's paper status?

[salsacz]

Hello guys, so after a few days and long nights, here is my video:

Short description of NXT for general audience: (it's green pure POS mining, the colored coins and decentralized p2p exchange features and also internal messaging and decentralized DNS, instant transaction option)

http://wideo.co/view/1302961386354824506-nxt (reediting right now)

http://www.youtube.com/watch?v=zALTChPsXhQ new coming soon

my NXT:

15003961341330858247

[bybitcoin]

Sorry guys, was busy with 3 transactions, now it got resolved
I ll review the recent posted articles and videos and will come up with a decision!
Thank you for your effort.

[Ola]

Sorry guys, was busy with 3 transactions, now it got resolved
I ll review the recent posted articles and videos and will come up with a decision!
Thank you for your effort.

Hey bybitcoin...if al else falls through and you cannot get a quality explainer video consider hiring My firm which produces explainer videos and just started accepting bitcoin...your video will be realistic with, voice overs and sound effects We are here: http://www.cheapexplainervideo.com/   just mentioning just incase you need something more engaging.

[bybitcoin]

Before I go forward to review the submitted articles and vidoes, I should say that yes we can wait a bit longer if we see a good work is in the process  but for that we should at least see a demo of the whole..
 
Also want to express my admiration for JohnnyBTCSeed's amazing compilation. You posted the link to it in the giveaway thread. Here I inform you that you will receive 15K for that compilation, when I get a smooth client running on my PC (it is still buggy). But for receiving the whole 100K bounty you should exert and complie from it a more graphical and narrative based article similar to CoinDesk or BitcoinMagazine ones. That way you ll earn 100K for the whole work. Anyway whitepaper is not a proper name, as it is used for the more technical paper on which Cunicula is working atm.

[opticalcarrier]

I didnt get any tips on my submission draft like other people have, so I've finalized it with formatting, and also have added a section on the new TRANSPARENT MINING

What is NXT?

Nxt is considered a 2nd generation crypto currency.  With all the alt coins coming out that only change things such as hashing mechanism, time between blocks, starting difficulty, and so on, Nxt brings much much more to the table and was designated this way for a number of reasons.  We'll go over the 5 most important ones.

1.  It is not an "alt coin" like coins such as litecoin, peercoin, and others who have their code based on Bitcoin's source code.  It is brand new from scratch with its own code.

2. It is a 100% proof of stake versus the proof of work mechanism the vast majority of other coins are based on.  This effectively removes a large security risk inherent in most other coins, as now the issue of a 51% attack or other vulnerabilities inherent to PoW coins are now gone.  The biggest plus here is how green this protocol is (not a reference to colored coins) in power consumption, since PoS doesn’t require massive amounts of hashing power

3. NXT when released for production in Jan 2014, will have a very slick new feature called "Transparent Mining".  This will allow NXT to approach Visa/Mastercard rates of transactions.  There is currently not a single crypto currency that can scale this high and this is possible with NXT because the transparency provided in the protocol will allow each user's client to automatically determine who will generate the next block, and so they can then send their transactions to that node.  This will also allow additional fees to be realized for immediate/priority transactions.  An equally important feature of Transparent Mining is an outstanding security feature of the protocol to temporarily reduce to zero the mining power of nodes who should generate the next block but dont.   As previously discussed, the 51% attack is prevented by PoS mechanism.  This transparent mining feature will prevent against even a 90% majority owner of all NXT branching out and forcing a fork.  So if a node that has 90% of all NXT, and doesnt generate a block when scheduled, for network security, the system will reduce its mining power to zero temporarily to prevent a bad fork from being forced.

4. It provides built in support for planned extra features such as a decentralized peer-peer exchange, colored coins, messaging/chat, decentralized DNS, and options for instant transactions.  We will describe these advanced features later in this article.

5. It was announced months in advance, unlike mere hours like most coins.  The 71 stakeholders are responsible for distributing the 1 billion Nxt coins that were ejected from the genesis block via an injection of bitcoin (donated by them, 21 BTC total) into the genesis block.  This is a requirement for this PoS system to work and this distribution is now in progress.  Nxt is listed on http://coinmarketcap.com/ and people are trading on a 1on1 basis in the forums as well as on a temporary (centralized) exchange http://www.dgex.com.

Decentralized Exchange
Let's get into the first planned feature, a decentralized exchange.  How do we currently trade coins now?  Well you have to sign up for an account on a centralized platform such as Cryptsy/BTC-E/Bter/etc, transfer them your coins and pay them for transactions. This brings in a large concern that I personally have yet to be seen brought to light, in that it’s possible that the exchange could just bail with everyone's deposits.  This has actually already happened when the Sheep Marketplace did just that with 96,000 bitcoins, ending up as the largest theft in history.  The developers of NxT (BCNxt and his crew) are developing a peer-peer exchange into the software to allow for decentralized trading which will eliminate this trust point.  It will also eliminate trading fees!  Obviously this is all still completely secure and anonymous as are current bitcoin transactions.

Other Decentralized Services
But let’s not stop there.  If you can have a decentralized exchange based on the peer-peer model then what else is possible?  Well, quite a bit as it turns out; the developers are also building in a decentralized DNS system to compete with namecoin.  Also in the future we can expect messaging and chat systems that, like the p2p exchange, will also be completely secure and anonymous.  Think of what this will allow:  Completely anonymous websites, AND anonymous payments, to go with an anonymous support system in the chat/messaging feature, all 100% secure, encrypted, and irreversible.

Colored Coins
Nxt (pun intended) is one of the more curious services: colored coins.  To understand the concept of colored coins requires a fairly deep view into bitcoin transactions that most people aren’t aware of.  With bitcoin, each transaction's output hashed address is based on a previous receiving address that originally received that coin.  So with the blockchain, a set of bitcoin transactions can be traced.  Not to a person mind you, but what is meant is that an individual coin or pieces of that coin can be traced back on a transaction by transaction basis.  Since this is a case, then if it was possible to expand the protocol to allow a person to designate or "color" a particular coin, then we can build a bridge from the virtual crypto currency world to the physical world.  In effect that coin can then be used to represent some physical entity here on earth.  Property, stocks/bonds, commodites, or really any concept that can be concretely identified could be used.  This protocol expansion is exactly what is being built into Nxt’s unique code to allow for the use of colored coins.

Green Energy
Let’s talk about Proof of Stake and green energy.  Everyone knows how bitcoin is based on Proof of Work.  That is there are thousands of miners around the world crunching away at hashes and gobbling up TONS of power.  Now, PoS doesn’t really involve ‘mining’ per se; it’s important to realize that unlike bitcoin, all Nxt that will ever exist already exists, so client wallets now ‘mine’ for transaction fees.  A growing trend is to refer to this as ‘forging’ instead of ‘mining’.  Since this can be done on a client wallet loaded on a PC (CPU mining), it is MUCH more environmentally friendly and power efficient.

Proof Of Stake Details
Now, on to the nuts and bolts of Nxt’s implementation of PoS.  Its elegantly simple: transaction fees are distributed out proportionally to all users based on the amount of Nxt a client has. (assuming that client is running and unlocked).  So if a client has 1 million Nxt, then they have 1/1000 of a chance of receiving the transaction fee for any transaction.  The math here is 1 million (amount the client has) divided by 1 billion (total Nxt in existence) is 1000, so that is 1/1000 of a chance.

Extra notes on NXT
Nxt is a brain wallet, a very long and secure passphrase MUST be used to generate your account.

As stated, to forge (AKA mine) for transaction fees, your client must be running and unlocked on your machine.

The software is currently java based, and closed source.  Pieces of the code are available for review upon permission of the devs, but the full code will not be released until Jan2014 official launch.

Many people refer to this as 100% pre-mined, but this isn’t really accurate since there *is* no mining, and the PoS system depends on all coins being distributed out.

The Nxt official thread in bitcointalk.org is at https://bitcointalk.org/index.php?topic=345619.0

[klee]

lyynx, opticalcarrier, JohnnyBTCSeed, salsacz:

I have already given about 100K to bybitcoin in order to tip for the bounties/giveaways.
However I would like to send 1000Nxt more to each one of you for your efforts.
Put your IDs here...

[salsacz]

lyynx, opticalcarrier, JohnnyBTCSeed, salsacz:

I have already given about 100K to bybitcoin in order to tip for the bounties/giveaways.
However I would like to send 1000Nxt more to each one of you for your efforts.
Put your IDs here...

NXT ID:
15003961341330858247

and thank you

[opticalcarrier]

lyynx, opticalcarrier, JohnnyBTCSeed, salsacz:

I have already given about 100K to bybitcoin in order to tip for the bounties/giveaways.
However I would like to send 1000Nxt more to each one of you for your efforts.
Put your IDs here...

awesomesauce 5720962949012144242
thanks dude.  really excited about this transparent article.  too bad i missed the stakeholder thing by jsut a few days (damn you cryptsy) but glad to be in as early as I was.

[klee]

lyynx, opticalcarrier, JohnnyBTCSeed, salsacz:

I have already given about 100K to bybitcoin in order to tip for the bounties/giveaways.
However I would like to send 1000Nxt more to each one of you for your efforts.
Put your IDs here...

NXT ID:
15003961341330858247

and thank you

lyynx, opticalcarrier, JohnnyBTCSeed, salsacz:

I have already given about 100K to bybitcoin in order to tip for the bounties/giveaways.
However I would like to send 1000Nxt more to each one of you for your efforts.
Put your IDs here...

awesomesauce 5720962949012144242
thanks dude.  really excited about this transparent article.  too bad i missed the stakeholder thing by jsut a few days (damn you cryptsy) but glad to be in as early as I was.

Confirm if you see them!

[opticalcarrier]

Confirm if you see them!

 

[getfun12345]

hi, I have translated opticalcarrier's article above to Chinese. and posted it here http://nextcoin.org/index.php/topic,453.0.html
If that helps, Nxt id:11614711640397236492 Thank you!

原文：http://nextcoin.org/index.php/topic,104.0.html

Nxt币，第二代密码学货币

Nxt被认为是第二代密码学货币.  大多数山寨币仅仅改变了哈希机理、区块之间的时间、启动难度等等, Nxt则带来了大量的创新。这些创新是基于多种因素的，我们将详细介绍其中最重要的5个。

1. 它并不像litecoin、peercoin以及其他的一些山寨币，这些山寨币的代码均基于bitcoin的源代码。而Nxt是全新的，且拥有自己的算法。

2. 它是100%的股权证明，而其它绝大部分的币种都是基于工作量机理证明的。 相比其它币种，这有效地去除了内在的安全风险，因为目前51%的攻击或者其它内在的脆弱性都会导致这些PoW币种灭亡。而且另外要说的一点是，该协议对能源消耗是友好的，因此PoS不需要大量的哈希计算。

3. NXT在2014年1月发布产品时, 将拥有一个特别的新功能“透明采矿”(Transparent Mining).  这将允许NXT能够处理类似Visa/Mastercard的巨大交易量.  其他单一的密码学货币是无法处理如此规模的交易量的，而NXT却可以做到。 因为协议提供的透明性能让每个客户端自动预测谁将生成下一个区块，他们就可以将交易直接发往该结点。同时也可以实现为直接和高优先级交易付额外费用。透明采矿的另一个同样重要的功能是该协议拥有一个特别的安全机制可以降低结点的采矿权，当一个轮到一个结点产生下一个区块，而它并没有这么做时，它的采矿权将被临时降为0。根据先前的讨论，PoS机制可以防止51%攻击，而透明采矿甚至可以阻止拥有90%NXT的个人生成区块链分支。如果一个节点拥有90%的NTX，当它不生成一个安排好的区块时，基于网络安全协议，系统将会把它的采矿权临时降低为0，从而阻止分支产生。

4. 它提供了内在的特征，比如去中心化的点对点对换、彩色币、信息/聊天、去中心化的DNS(主机域名）以及即时交易等选项。我们会在以后的文章中讲述这些特征。

5. 它发布于几周之前，不像其它币种，发布之前已经运行了很多时间。71位参与者负责1,000,000,000个Nxt币的分发，这些币是通过向源块中注入bitcoin（由他们自己捐助，共21个bitcoin币）来产生的。这是该PoS系统运行的要求，目前分发工作已经在进行中。Nxt已经列在了 http://coinmarketcap.com 上，大家可以通过论坛以及临时（中心化的）的交易平台 http://www.dgex.com 来进行交易。

去中心化的交易
让我们讲述第一个特征，去中心化的交易。我们目前是怎么进行币种交易的呢？您必须要在一个中心化的平台上注册一个账户，例如Cryptsy/BTC-E/Bter等等，将币转入他们的平台，然后进行交易。这就带来了诸多疑问：从个人角度来讲我也不得不被公开，而且交易需要用每个人的存款来做保证金。这在Sheep市场的96,000个bitcoin中已经实际发生了，最终形成了历史上最大的盗窃案。Nxt的开发者（BCNxt和他的团队）在软件中开发了点对点的交换，允许去中心化的交易，从而终结了这个信任点的问题。它也终结了交易费的问题！很明显，与目前Bitcoin的交易相比，这也是非常安全和匿名的。

其他去中心化的服务
如果拥有了基于点对点模型的去中心化交换，那接下来会发生什么呢？好，还有一点就是：开发者正在建立一个去中心化的DNS系统来与namecoin进行竞争。而且在未来，我们预期能有信息和聊天系统，就像P2P交换，这也将是完全安全和匿名的。想想这将会发生什么：完全匿名的网站，AND匿名支付，还有一个拥有聊天/信息特征的匿名支持系统，所有都是100%安全的，加密的，不可逆的。

彩色币
Nxt(双关语）也有很奇特服务：彩色币。为了理解彩色币的概念，需要对Bitcoin的交易有一些相对深层次的理解，而绝大多数人对此并不知晓。对于bitcoin，每一次交易产生的哈希地址是基于之前最后接受该货币的地址的。因此对于数据块链，bitcoin的交易是可以被追溯的。不用别人提醒，这就意味着一个币的单独或者一系列的交易都可以通过交易基准进行追溯。因为这是一个事实，因此如果能扩展协议从而允许人们来指定或者“彩色”一个特定钱币的话，我们就可以为虚拟密码货币通向物理现实世界建立一座桥梁。事实上，这个货币可以用来代表地球上的物理存在体。财产、 股票/债券、商品或者任何可以具体指定的概念都可以被代表。该扩展协议正是已经嵌入Nxt的唯一代码，这些代码才能允许彩色货币的使用。

绿色能源
每个人都知道bitcoin是如何基于工作量证明的。因此全世界才会有成千上万的旷工计算着哈希值并消耗着巨大的能量。现在，PoS并不需要真正的挖矿。 所有NxT一直存在并且已经存在了， 所以现在客户端钱包采矿得到的是交易手续费。后续的趋势是使用“锻造”这个词来代替“采矿”。这些能够通过下载到PC（CPU挖矿）的客户端钱包来完成，它对环境是很友好且高效的。

股权证明（PoS）细节
目前，正是Nxt货币PoS实施的关键时刻。很简单：基于客户端所拥有的Nxt的数量，交易费用按比例分发给所有的用户（假定客户端是解锁并运行的）。因此，如果一个客户端有1,000,000的Nxt,那它收到任意一笔交易费的几率是1/1000。是这么计算出来的：1,000,000(客户端含有的Nxt数量）除1,000,000,000(所有存在的Nxt总数）的结果是1000，因此几率就是1/1000。

关于Nxt的其它一些备注
Nxt是一个大脑钱包，需要一个很长和安全的密码来生成您的账号。

正如所述，为了获得（AKA挖矿）交易费，您的客户端必须解锁并运行。

目前该软件是基于java的，且是不开源的。经开发者同意后，可以查看部分代码，全部的代码会在2014年1月份正式公开。

许多人将这认为是100%的预先挖矿，但这并不准确，因为并没有挖矿，且PoS系统依靠所有分发出去的货币。

Nxt的官方发布内容 https://bitcointalk.org/index.php?topic=345619.0

[JohnnyBTCSeed]

Before I go forward to review the submitted articles and vidoes, I should say that yes we can wait a bit longer if we see a good work is in the process  but for that we should at least see a demo of the whole..
 
Also want to express my admiration for JohnnyBTCSeed's amazing compilation. You posted the link to it in the giveaway thread. Here I inform you that you will receive 15K for that compilation, when I get a smooth client running on my PC (it is still buggy). But for receiving the whole 100K bounty you should exert and complie from it a more graphical and narrative based article similar to CoinDesk or BitcoinMagazine ones. That way you ll earn 100K for the whole work. Anyway whitepaper is not a proper name, as it is used for the more technical paper on which Cunicula is working atm.

thanks for the input, I live to serve and this is a real cool project so v2 should read closer to what you would like.  I'll get working on it soon as my spare time comes around again.   

[psybits]

Before I go forward to review the submitted articles and vidoes, I should say that yes we can wait a bit longer if we see a good work is in the process  but for that we should at least see a demo of the whole..
 
Also want to express my admiration for JohnnyBTCSeed's amazing compilation. You posted the link to it in the giveaway thread. Here I inform you that you will receive 15K for that compilation, when I get a smooth client running on my PC (it is still buggy). But for receiving the whole 100K bounty you should exert and complie from it a more graphical and narrative based article similar to CoinDesk or BitcoinMagazine ones. That way you ll earn 100K for the whole work. Anyway whitepaper is not a proper name, as it is used for the more technical paper on which Cunicula is working atm.

No rush - but further to your PM bybitcoin, where you expressed interest, please let me know if you are still interested in one of our Press Releases for NXT

You can see the results of our latest one for Devcoin easily here (although there are many more outlets which are not included on the first page of Google): https://www.google.com/search?q=%22bitcoin+alternaitve+devcoin%22&rlz=1C1CHMO_en-GBAU536AU536&oq=%22bitcoin+alternaitve+devcoin%22&aqs=chrome..69i57.5150j0j7&sourceid=chrome&espv=210&es_sm=93&ie=UTF-8

And here: https://www.google.com/search?q=%22Ethical+Merge+Mined+Bitcoin+Alternative%22&rlz=1C1CHMO_en-GBAU536AU536&oq=%22Ethical+Merge+Mined+Bitcoin+Alternative%22&aqs=chrome..69i57.2063j0j9&sourceid=chrome&espv=210&es_sm=93&ie=UTF-8#es_sm=93&espv=210&q=%22Ethical+Merge+Mined+Bitcoin+Alternative%22&start=0

[JohnnyBTCSeed]

lyynx, opticalcarrier, JohnnyBTCSeed, salsacz:

I have already given about 100K to bybitcoin in order to tip for the bounties/giveaways.
However I would like to send 1000Nxt more to each one of you for your efforts.
Put your IDs here...

7808957934806968659

Thanks Klee.

and to the rest of the community, thanks for the love.

[klee]

lyynx, opticalcarrier, JohnnyBTCSeed, salsacz:

I have already given about 100K to bybitcoin in order to tip for the bounties/giveaways.
However I would like to send 1000Nxt more to each one of you for your efforts.
Put your IDs here...

7808957934806968659

Thanks Klee.

and to the rest of the community, thanks for the love.

Send them but not sure if the transaction will come - confirm if you see them!

[getfun12345]

I found more information about "Transparent mining" https://bitcointalk.org/index.php?topic=364218.0
I translated that to chinese and posted here http://nextcoin.org/index.php/topic,496.0.html
hope that can help more people understand what is "Transparent mining"


原文：https://bitcointalk.org/index.php?topic=364218.0

众所周知，比特币和类似币可以被拥有全网51%算力的实体攻击。有两种可能场景：
1. 部分矿工离开主分支，开始生成他们自己的分支。
2. 部分人购买或生产挖矿设备去挖掘一条秘密分支。

第二个场景是不可能在Nxt中发生的，因为没有Nxt币可以存在于整个网络之外。现在我们来仔细研究第一个场景。

昨天Nxt采矿的平均基数是700%。这意味着只有1/7的Nxt用于生成区块，我们不知道剩下的6/7在做什么事情。这是当前的Nxt实现。BCNext 将对采矿方式做些小改动，使其变得透明化。

透明化是什么意思？它意味着任何人都可以预测（很高的正确率）谁在什么时候将生成下一个或多个区块。这使我们可以实现以下卓越特性：
1. 交易能被直接发送到即将生成下一个区块的矿工（如果他能在互联网上公布地址），这就大大减少数据传输量，使得全网能处理的交易量达到VISA/MasterCard的量级。
2. 区块能被提前生成，并在他们变得有效之前（时间戳验证）发送到大部分矿工，这就能大大降低孤立区块的产生率。
3. 由于可以预测未来区块产生的时间（根据区块生成速率），可以设定恰当的手续费保证重要的交易得到快速确认。

而最重要的特性就是：
网络可以检测到哪个矿工没有参与区块的生成和交易的记录。

这最后的一点值得我们详细的描述：
假设某人拥有90%的Nxt币并计划实施一个“51%”攻击。首先他需要停止为主分支生成区块，因为主分支的采矿权是100%而他只有90%。所以轮到他生成区块时，他决定“跳过”。这时全网剩下的10%检测到这一行为，决定将攻击者的采矿权降低为0，并且告知其他矿工。现在整个网络的采矿权又回复到100%，因为剩下的所有人都得到10倍的增长。攻击者可以在一个封闭的环境中挖掘另一个新的分支，但这个新的分支无法代替主分支。当然这个新的分支中也是有100%的采矿权，因为没有其他人，攻击者把自己的90%提升到了100%，这种情况可以被一些高级机制（未披露）所抵消。

100%PoS可以保护Nxt不受能购买大量ASIC矿机的财团攻击，而透明采矿可以保护Nxt不受拥有大多数币的人攻击。

最后，为何Nxt称之为下一代货币？ 不是去中心化交易，不是去中心化DNS或去中心化商店，也不是透明采矿，这些仅仅是开发团队BCNext的第一步计划...

附加：BCNext 提醒我忘了提及“Selfish Mining”（一种25%攻击）。透明采矿能够完美解决“Selfish Mining”。

[JohnnyBTCSeed]

Thanks Klee, you're the man.

Yea! got my first Nxt

lyynx, opticalcarrier, JohnnyBTCSeed, salsacz:

I have already given about 100K to bybitcoin in order to tip for the bounties/giveaways.
However I would like to send 1000Nxt more to each one of you for your efforts.
Put your IDs here...

7808957934806968659

Thanks Klee.

and to the rest of the community, thanks for the love.

Send them but not sure if the transaction will come - confirm if you see them!

[JohnnyBTCSeed]

Before I go forward to review the submitted articles and vidoes, I should say that yes we can wait a bit longer if we see a good work is in the process  but for that we should at least see a demo of the whole..
 
Also want to express my admiration for JohnnyBTCSeed's amazing compilation. You posted the link to it in the giveaway thread. Here I inform you that you will receive 15K for that compilation, when I get a smooth client running on my PC (it is still buggy). But for receiving the whole 100K bounty you should exert and complie from it a more graphical and narrative based article similar to CoinDesk or BitcoinMagazine ones. That way you ll earn 100K for the whole work. Anyway whitepaper is not a proper name, as it is used for the more technical paper on which Cunicula is working atm.

I'm running Nxt on my bitcoin laptop with no issues so far. I removed the hd and am running live linux mint. I do a fresh dl of the Nxt client on each use, then simply unzip and copy the start commands to the terminal and wahla.   Just got my first coins  so am testing the miner now.   also lined out the decentalized whitepaper title so as not to confuse with the rabbits work.

[Stark-Fujikawa]

Someone directed me to this thread. I would like to offer my translation services for NXT. I'm a professional Dutch-English translator and have translated Satoshi's original whitepaper in the past, as well as Peercoin's whitepaper and the official Dutch page on Litecoin.org. If you care to send me any material that you'd like to see translated into Dutch, please contact me or let me know in this topic. There is a vast community of Dutch speakers interested in crypto, as often evidenced by the trollbox.

For some samples of my work, check out:

http://www.scribd.com/StarkFujikawa

I've been trying to get crypto more mainstream exposure in general through my services and would like to do the same for NXT.

[salsacz]

I think you are looking for this thread, althought there already is a dutch translator:
https://nextcoin.org/index.php/topic,50.15.html

[allwelder]

lyynx, opticalcarrier, JohnnyBTCSeed, salsacz:

I have already given about 100K to bybitcoin in order to tip for the bounties/giveaways.
However I would like to send 1000Nxt more to each one of you for your efforts.
Put your IDs here...

Thank you ,Klee
MY:15904446403154732365

[klee]

lyynx, opticalcarrier, JohnnyBTCSeed, salsacz:

I have already given about 100K to bybitcoin in order to tip for the bounties/giveaways.
However I would like to send 1000Nxt more to each one of you for your efforts.
Put your IDs here...

Thank you ,Klee
MY:15904446403154732365

They got awarded extra from me not only for promoting NxT but for doing some work like videos, white paper etc.

[Stark-Fujikawa]

I think you are looking for this thread, althought there already is a dutch translator:
https://nextcoin.org/index.php/topic,50.15.html

While I don't want to undercut that person. I am sure there will be plenty of material to translate over time, so I have gone ahead and have translated opticalcarrier's NXT article.

Wat is NXT?
NXT wordt beschouwd als een cryptovaluta van de 2de generatie. Heel veel nieuwe altcoins komen op de markt die enkel veranderingen aan het hashing mechanisme, de tijd tussen blokken, startmoeilijkheid, enzovoort? NXT legt veel meer op tafel en is zo genoemd voor een aantal goede redenen. We overlopen hier de vijf belangrijkste.

1.   Het is geen “altcoin” zoals litecoin, peercoin en andere die gebaseerd zijn op de broncode van bitcoin. Het is een compleet nieuwe munt met zijn eigen code.

2.   Het is een 100% proof of stake munt in tegenstelling tot het proof of work mechanisme waarop de grote meerderheid munten gebaseerd is. Dit verwijdert een groot veiligheidsrisico die eigen is aan de meeste andere munten, omdat het probleem van een 51% aanval of andere kwetsbaarheden die gekend zijn in PoW munten nu verdwenen zijn. Het grootste voordeel hier is hoe groen dit protocol is (geen verwijzing naar gekleurde munten) in termen van energieconsumptie, sinds proof of stake geen enorm hoeveelheden hashing kracht nodig heeft.

3.   NXT zal wanneer uitgebracht voor productie in januari 2014, een zeer spitsvondige nieuwe functie hebben met de naam “Transparante Mining. Dit zorgt ervoor dat NXT transacties kan verwerken op het tempo van Visa en Mastercard. Er is momenteel geen enkele cryptomunt die op deze schaal kan werken en dit is mogelijk omdat met NXT de transparantie geleverd door het protocol de gebruiker toestaat om automatisch uit te zoeken wie de volgende block zal aanmaken, waardoor zij dan transacties naar dat netwerkknooppunt kunnen versturen. Dit zorgt er ook voor dat bijkomstige fooien tot stand komen bij onmiddellijke/prioriteitstransacties.

Een even belangrijke functie van Transparante Mining is een schitterende veiligheidsfunctie van het protocol dat tijdelijk de miningkracht van knooppunten die normaalgezien het volgende block zouden genereren maar het niet doen, tijdelijk naar nul wordt gebracht. Zoals eerder aangehaald, wordt een 51% aanval voorkomen door het PoS mechanisme. De transparante mining functie voorkomt dat zelfs een 90% meerderheidseigenaar van alle NXT vooruit op de keten zou lopen en dus een blokketensplitsing zou forceren. Dus als een knooppunt 90% van alle NXT bezit en geen block aanmaakt wanneer dat verwacht is, zal het systeem zijn mining kracht tijdelijk op nul zetten om een slechte splitsing van het netwerk te voorkomen.

4.   Het zorgt voor een ingebouwde ondersteuning voor geplande nieuwe functies zoals een decentrale peer-to-peer beurs, gekleurde munten, messaging/chat, decentrale DNS en opties voor ogenblikkelijke transacties. We zullen deze gevorderde functies later bespreken in dit artikel.

5.   Het was maanden op voorhand aangekondigd, ten opzichte van luttele uren zoals bij de meeste munten het geval is. De 71 aandeelhouders zijn verantwoordelijk voor het verdelen van de 1 miljard NXT munten die uit het genesisblok zijn gekomen via injectie van Bitcoins (gedoneerd door hen, 21 BTC in totaal). Het PoS systeem werkt via deze vereiste en deze distributie verloopt momenteel. NXT is genoteerd op http://coinmarketcap.com en mensen verhandelen de munt nu via een persoon op persoon basis op onze forums alsook op een tijdelijke (centrale) beurs http://www.dgex.com

Decentrale beurs
Laten we het hebben over de eerste geplande functie: een decentrale beurs. Hoe ruilen we momenteel munten? Doorgaans gebeurt dat via je in te schrijven voor een account op een centraal platform zoals Cryptsy/BTC-E/Bter en dergelijke meer, en stuur je de munten naar deze instanties en betaal je hen voor jouw transacties. Dit zorgt voor een groot riscio dat ik persoonlijk nog weinig mensen heb zien aanhalen, met dat het mogelijk is dat de beurs wegloopt met iedereens stortingen. Dit is in het verleden al gebeurd wanneer Sheep Marketplace dat deed met 96.000 Bitcoins, de grootste diefstal in de geschiedenis van cryptomunten. De ontwikkelaars van NXT (BCNxt en zijn crew) zijn een peer-to-peer beurs in de software aan het programmeren die ervoor zorgt dat decentrale handel dit vertrouwenspunt kan uitschakelen. Het elimineert daarnaast ook de ruilkosten! Natuurlijk is dit nog altijd compleet veilig en anoniem net zoals bij huidige Bitcoin transacties.

Andere decentrale diensten.
Maar daar houdt het niet op. Als je een decentrale beurs kan hebben op basis van een peer-to-peer model, wat is er dan nog mogelijk? Wel, redelijk wat eigenlijk, want de ontwikkelaars bouwen ook aan een decentraal DNS systeem dat klaar is de concurrentie aan te gaan met Namecoin. In de toekomst verwachten we ook nog messaging en chatdiensten die net zoals de p2p beurs compleet anoniem en veilig zullen zijn. Denk aan wat dit allemaal kan verwezenlijken: complete anonieme websites, én anonieme betalingen, die samen gaan met een anonieme hulpdienst in de chat en messaging functie, allemaal 100% veilig, versleuteld en onomkeerbaar.

Gekleurde munten
NXT heeft een van de meer opmerkelijke diensten: gekleurde munten. Om het concept van gekleurde munten te begrijpen, heb je redelijk wat voorkennis nodig van Bitcoin transacties en dat is iets waar de meeste mensen geen weet van hebben. Met Bitcoin, krijgt elke transactie ouput een gehasht adres gebaseerd op het adres die de munt oorspronkelijk ontving.  Via de blokketen, kan een set van Bitcoin transacties getraceerd worden. Niet naar een persoon, maar de stukjes van een individuele munt kunnen opnieuw getraceerd worden op basis van transactie tot transactie. Omdat dit het geval is, maakt dat het bijgevolg mogelijk om het protocol uit te breiden zodat een persoon een “kleur” kan toekennen aan een munt, die we dan kunnen gebruiken om een brug te bouwen van de virtuele cryptomuntwereld naar de fysieke wereld. In praktijk kan de munt dan gebruikt worden om fysieke dingen hier op aarde voor te stellen. Deze expansie van het protocol is precies wat in ingebouwd is in NXTs unieke code, waardoor het gebruik van gekleurde munten mogelijk is.

Groene energie.
Laten we vervolgens even praten over Proof of Stake en groene energie. Iedereen weet dat Bitcoin gebaseerd is op Proof of Work en dat er duizenden miners over de wereld hashes aan het verwerken zijn, wat resulteert in een enorm verbruik van energie. Nu, POS hoeft niet noodzakelijk mining in te houden; het is belangrijk dat we beseffen dat in tegenstelling tot Bitcoin, alle NXT die er ooit zullen bestaan, al bestaan zodat de wallets van de clients nu “minen” voor transactievergoedingen. Het is een groeiende trend om te spreken over “smeden” ipv “minen”. Sinds dit kan gedaan worden door een client wallet op een PC (CPU mining), is dit een VEEL milieuvriendelijkere en energie-efficiëntere methode.

Proof of Stake details
We gaan nu over naar NXTs implementatie van PoS onder de motorkap. Het is simpel in zijn elegantie: transactievergoedingen worden proportioneel verdeeld op basis van het aantal NXT een persoon heeft (veronderstellende dat zijn software draait en ontgrendeld is). Dus als een cliënt 1 miljoen NXT heeft, dan heeft die 1/1000 om de transactievergoeding van gelijk welke transactie te ontvangen. De wiskunde hier is dat 1 miljoen (het bedrag van de gebruiker) verdeeld door 1 miljard gelijk is aan 1000, en dus resulteert in een 1/1000 kans.

Extra opmerkingen over NXT
NXT is een “brain wallet”, een heel lang en veilige paszin MOET gebruikt worden om je account aan te maken.

Zoals vermeld, om te “smeden” (aka minen) voor transactiekosten, moet je de software ontgrendeld laten draaien op jouw toestel.

De software is momenteel gebaseerd op java, en closed source. Delen van de code zijn beschikbaar voor beoordeling, mits toestemming van de ontwikkelaars; maar de volledige code zal niet gelanceerd worden voor de officiële lancering in januari 2014.

Veel mensen zien dit als 100% vooraf gemined, maar dat is niet nauwkeurig gezien er geen mining is, en het PoS systeem afhangt van de distributie van alle munten.

Het officiële NXT onderwerp in bitcointalk.org vind je op https://bitcointalk.org/index.php?topic=345619.0

13307336450726014831

[ThaFresh]

Quick promo vid

http://youtu.be/hfan3u99dLc

9259029460077046931
13nYGEHsV3qnG2cc5cqUB7sXcZ4hcu39Bz

[opticalcarrier]

I think you are looking for this thread, althought there already is a dutch translator:
https://nextcoin.org/index.php/topic,50.15.html

While I don't want to undercut that person. I am sure there will be plenty of material to translate over time, so I have gone ahead and have translated opticalcarrier's NXT article.

Wat is NXT?
NXT wordt beschouwd als een cryptovaluta van de 2de generatie. Heel veel nieuwe altcoins komen op de markt die enkel veranderingen aan het hashing mechanisme, de tijd tussen blokken, startmoeilijkheid, enzovoort? NXT legt veel meer op tafel en is zo genoemd voor een aantal goede redenen. We overlopen hier de vijf belangrijkste.

1.   Het is geen “altcoin” zoals litecoin, peercoin en andere die gebaseerd zijn op de broncode van bitcoin. Het is een compleet nieuwe munt met zijn eigen code.

2.   Het is een 100% proof of stake munt in tegenstelling tot het proof of work mechanisme waarop de grote meerderheid munten gebaseerd is. Dit verwijdert een groot veiligheidsrisico die eigen is aan de meeste andere munten, omdat het probleem van een 51% aanval of andere kwetsbaarheden die gekend zijn in PoW munten nu verdwenen zijn. Het grootste voordeel hier is hoe groen dit protocol is (geen verwijzing naar gekleurde munten) in termen van energieconsumptie, sinds proof of stake geen enorm hoeveelheden hashing kracht nodig heeft.

3.   NXT zal wanneer uitgebracht voor productie in januari 2014, een zeer spitsvondige nieuwe functie hebben met de naam “Transparante Mining. Dit zorgt ervoor dat NXT transacties kan verwerken op het tempo van Visa en Mastercard. Er is momenteel geen enkele cryptomunt die op deze schaal kan werken en dit is mogelijk omdat met NXT de transparantie geleverd door het protocol de gebruiker toestaat om automatisch uit te zoeken wie de volgende block zal aanmaken, waardoor zij dan transacties naar dat netwerkknooppunt kunnen versturen. Dit zorgt er ook voor dat bijkomstige fooien tot stand komen bij onmiddellijke/prioriteitstransacties.

Een even belangrijke functie van Transparante Mining is een schitterende veiligheidsfunctie van het protocol dat tijdelijk de miningkracht van knooppunten die normaalgezien het volgende block zouden genereren maar het niet doen, tijdelijk naar nul wordt gebracht. Zoals eerder aangehaald, wordt een 51% aanval voorkomen door het PoS mechanisme. De transparante mining functie voorkomt dat zelfs een 90% meerderheidseigenaar van alle NXT vooruit op de keten zou lopen en dus een blokketensplitsing zou forceren. Dus als een knooppunt 90% van alle NXT bezit en geen block aanmaakt wanneer dat verwacht is, zal het systeem zijn mining kracht tijdelijk op nul zetten om een slechte splitsing van het netwerk te voorkomen.

4.   Het zorgt voor een ingebouwde ondersteuning voor geplande nieuwe functies zoals een decentrale peer-to-peer beurs, gekleurde munten, messaging/chat, decentrale DNS en opties voor ogenblikkelijke transacties. We zullen deze gevorderde functies later bespreken in dit artikel.

5.   Het was maanden op voorhand aangekondigd, ten opzichte van luttele uren zoals bij de meeste munten het geval is. De 71 aandeelhouders zijn verantwoordelijk voor het verdelen van de 1 miljard NXT munten die uit het genesisblok zijn gekomen via injectie van Bitcoins (gedoneerd door hen, 21 BTC in totaal). Het PoS systeem werkt via deze vereiste en deze distributie verloopt momenteel. NXT is genoteerd op http://coinmarketcap.com en mensen verhandelen de munt nu via een persoon op persoon basis op onze forums alsook op een tijdelijke (centrale) beurs http://www.dgex.com

Decentrale beurs
Laten we het hebben over de eerste geplande functie: een decentrale beurs. Hoe ruilen we momenteel munten? Doorgaans gebeurt dat via je in te schrijven voor een account op een centraal platform zoals Cryptsy/BTC-E/Bter en dergelijke meer, en stuur je de munten naar deze instanties en betaal je hen voor jouw transacties. Dit zorgt voor een groot riscio dat ik persoonlijk nog weinig mensen heb zien aanhalen, met dat het mogelijk is dat de beurs wegloopt met iedereens stortingen. Dit is in het verleden al gebeurd wanneer Sheep Marketplace dat deed met 96.000 Bitcoins, de grootste diefstal in de geschiedenis van cryptomunten. De ontwikkelaars van NXT (BCNxt en zijn crew) zijn een peer-to-peer beurs in de software aan het programmeren die ervoor zorgt dat decentrale handel dit vertrouwenspunt kan uitschakelen. Het elimineert daarnaast ook de ruilkosten! Natuurlijk is dit nog altijd compleet veilig en anoniem net zoals bij huidige Bitcoin transacties.

Andere decentrale diensten.
Maar daar houdt het niet op. Als je een decentrale beurs kan hebben op basis van een peer-to-peer model, wat is er dan nog mogelijk? Wel, redelijk wat eigenlijk, want de ontwikkelaars bouwen ook aan een decentraal DNS systeem dat klaar is de concurrentie aan te gaan met Namecoin. In de toekomst verwachten we ook nog messaging en chatdiensten die net zoals de p2p beurs compleet anoniem en veilig zullen zijn. Denk aan wat dit allemaal kan verwezenlijken: complete anonieme websites, én anonieme betalingen, die samen gaan met een anonieme hulpdienst in de chat en messaging functie, allemaal 100% veilig, versleuteld en onomkeerbaar.

Gekleurde munten
NXT heeft een van de meer opmerkelijke diensten: gekleurde munten. Om het concept van gekleurde munten te begrijpen, heb je redelijk wat voorkennis nodig van Bitcoin transacties en dat is iets waar de meeste mensen geen weet van hebben. Met Bitcoin, krijgt elke transactie ouput een gehasht adres gebaseerd op het adres die de munt oorspronkelijk ontving.  Via de blokketen, kan een set van Bitcoin transacties getraceerd worden. Niet naar een persoon, maar de stukjes van een individuele munt kunnen opnieuw getraceerd worden op basis van transactie tot transactie. Omdat dit het geval is, maakt dat het bijgevolg mogelijk om het protocol uit te breiden zodat een persoon een “kleur” kan toekennen aan een munt, die we dan kunnen gebruiken om een brug te bouwen van de virtuele cryptomuntwereld naar de fysieke wereld. In praktijk kan de munt dan gebruikt worden om fysieke dingen hier op aarde voor te stellen. Deze expansie van het protocol is precies wat in ingebouwd is in NXTs unieke code, waardoor het gebruik van gekleurde munten mogelijk is.

Groene energie.
Laten we vervolgens even praten over Proof of Stake en groene energie. Iedereen weet dat Bitcoin gebaseerd is op Proof of Work en dat er duizenden miners over de wereld hashes aan het verwerken zijn, wat resulteert in een enorm verbruik van energie. Nu, POS hoeft niet noodzakelijk mining in te houden; het is belangrijk dat we beseffen dat in tegenstelling tot Bitcoin, alle NXT die er ooit zullen bestaan, al bestaan zodat de wallets van de clients nu “minen” voor transactievergoedingen. Het is een groeiende trend om te spreken over “smeden” ipv “minen”. Sinds dit kan gedaan worden door een client wallet op een PC (CPU mining), is dit een VEEL milieuvriendelijkere en energie-efficiëntere methode.

Proof of Stake details
We gaan nu over naar NXTs implementatie van PoS onder de motorkap. Het is simpel in zijn elegantie: transactievergoedingen worden proportioneel verdeeld op basis van het aantal NXT een persoon heeft (veronderstellende dat zijn software draait en ontgrendeld is). Dus als een cliënt 1 miljoen NXT heeft, dan heeft die 1/1000 om de transactievergoeding van gelijk welke transactie te ontvangen. De wiskunde hier is dat 1 miljoen (het bedrag van de gebruiker) verdeeld door 1 miljard gelijk is aan 1000, en dus resulteert in een 1/1000 kans.

Extra opmerkingen over NXT
NXT is een “brain wallet”, een heel lang en veilige paszin MOET gebruikt worden om je account aan te maken.

Zoals vermeld, om te “smeden” (aka minen) voor transactiekosten, moet je de software ontgrendeld laten draaien op jouw toestel.

De software is momenteel gebaseerd op java, en closed source. Delen van de code zijn beschikbaar voor beoordeling, mits toestemming van de ontwikkelaars; maar de volledige code zal niet gelanceerd worden voor de officiële lancering in januari 2014.

Veel mensen zien dit als 100% vooraf gemined, maar dat is niet nauwkeurig gezien er geen mining is, en het PoS systeem afhangt van de distributie van alle munten.

Het officiële NXT onderwerp in bitcointalk.org vind je op https://bitcointalk.org/index.php?topic=345619.0

13307336450726014831

please sign up at nextcoin.org and message me ( username over there is opticalc Im an admin/moderator) and Ill give you moderator status over the dutch board.  please post this article there and sticky it.

[2Kool4Skewl]

I didnt get any tips on my submission draft like other people have, so I've finalized it with formatting, and also have added a section on the new TRANSPARENT MINING

What is NXT?

Nxt is considered a 2nd generation crypto currency.  With all the alt coins coming out that only change things such as hashing mechanism, time between blocks, starting difficulty, and so on, Nxt brings much much more to the table and was designated this way for a number of reasons.  We'll go over the 5 most important ones.

1.  It is not an "alt coin" like coins such as litecoin, peercoin, and others who have their code based on Bitcoin's source code.  It is brand new from scratch with its own code.

2. It is a 100% proof of stake versus the proof of work mechanism the vast majority of other coins are based on.  This effectively removes a large security risk inherent in most other coins, as now the issue of a 51% attack or other vulnerabilities inherent to PoW coins are now gone.  The biggest plus here is how green this protocol is (not a reference to colored coins) in power consumption, since PoS doesn’t require massive amounts of hashing power

3. NXT when released for production in Jan 2014, will have a very slick new feature called "Transparent Mining".  This will allow NXT to approach Visa/Mastercard rates of transactions.  There is currently not a single crypto currency that can scale this high and this is possible with NXT because the transparency provided in the protocol will allow each user's client to automatically determine who will generate the next block, and so they can then send their transactions to that node.  This will also allow additional fees to be realized for immediate/priority transactions.  An equally important feature of Transparent Mining is an outstanding security feature of the protocol to temporarily reduce to zero the mining power of nodes who should generate the next block but dont.   As previously discussed, the 51% attack is prevented by PoS mechanism.  This transparent mining feature will prevent against even a 90% majority owner of all NXT branching out and forcing a fork.  So if a node that has 90% of all NXT, and doesnt generate a block when scheduled, for network security, the system will reduce its mining power to zero temporarily to prevent a bad fork from being forced.

4. It provides built in support for planned extra features such as a decentralized peer-peer exchange, colored coins, messaging/chat, decentralized DNS, and options for instant transactions.  We will describe these advanced features later in this article.

5. It was announced months in advance, unlike mere hours like most coins.  The 71 stakeholders are responsible for distributing the 1 billion Nxt coins that were ejected from the genesis block via an injection of bitcoin (donated by them, 21 BTC total) into the genesis block.  This is a requirement for this PoS system to work and this distribution is now in progress.  Nxt is listed on http://coinmarketcap.com/ and people are trading on a 1on1 basis in the forums as well as on a temporary (centralized) exchange http://www.dgex.com.

Decentralized Exchange
Let's get into the first planned feature, a decentralized exchange.  How do we currently trade coins now?  Well you have to sign up for an account on a centralized platform such as Cryptsy/BTC-E/Bter/etc, transfer them your coins and pay them for transactions. This brings in a large concern that I personally have yet to be seen brought to light, in that it’s possible that the exchange could just bail with everyone's deposits.  This has actually already happened when the Sheep Marketplace did just that with 96,000 bitcoins, ending up as the largest theft in history.  The developers of NxT (BCNxt and his crew) are developing a peer-peer exchange into the software to allow for decentralized trading which will eliminate this trust point.  It will also eliminate trading fees!  Obviously this is all still completely secure and anonymous as are current bitcoin transactions.

Other Decentralized Services
But let’s not stop there.  If you can have a decentralized exchange based on the peer-peer model then what else is possible?  Well, quite a bit as it turns out; the developers are also building in a decentralized DNS system to compete with namecoin.  Also in the future we can expect messaging and chat systems that, like the p2p exchange, will also be completely secure and anonymous.  Think of what this will allow:  Completely anonymous websites, AND anonymous payments, to go with an anonymous support system in the chat/messaging feature, all 100% secure, encrypted, and irreversible.

Colored Coins
Nxt (pun intended) is one of the more curious services: colored coins.  To understand the concept of colored coins requires a fairly deep view into bitcoin transactions that most people aren’t aware of.  With bitcoin, each transaction's output hashed address is based on a previous receiving address that originally received that coin.  So with the blockchain, a set of bitcoin transactions can be traced.  Not to a person mind you, but what is meant is that an individual coin or pieces of that coin can be traced back on a transaction by transaction basis.  Since this is a case, then if it was possible to expand the protocol to allow a person to designate or "color" a particular coin, then we can build a bridge from the virtual crypto currency world to the physical world.  In effect that coin can then be used to represent some physical entity here on earth.  Property, stocks/bonds, commodites, or really any concept that can be concretely identified could be used.  This protocol expansion is exactly what is being built into Nxt’s unique code to allow for the use of colored coins.

Green Energy
Let’s talk about Proof of Stake and green energy.  Everyone knows how bitcoin is based on Proof of Work.  That is there are thousands of miners around the world crunching away at hashes and gobbling up TONS of power.  Now, PoS doesn’t really involve ‘mining’ per se; it’s important to realize that unlike bitcoin, all Nxt that will ever exist already exists, so client wallets now ‘mine’ for transaction fees.  A growing trend is to refer to this as ‘forging’ instead of ‘mining’.  Since this can be done on a client wallet loaded on a PC (CPU mining), it is MUCH more environmentally friendly and power efficient.

Proof Of Stake Details
Now, on to the nuts and bolts of Nxt’s implementation of PoS.  Its elegantly simple: transaction fees are distributed out proportionally to all users based on the amount of Nxt a client has. (assuming that client is running and unlocked).  So if a client has 1 million Nxt, then they have 1/1000 of a chance of receiving the transaction fee for any transaction.  The math here is 1 million (amount the client has) divided by 1 billion (total Nxt in existence) is 1000, so that is 1/1000 of a chance.

Extra notes on NXT
Nxt is a brain wallet, a very long and secure passphrase MUST be used to generate your account.

As stated, to forge (AKA mine) for transaction fees, your client must be running and unlocked on your machine.

The software is currently java based, and closed source.  Pieces of the code are available for review upon permission of the devs, but the full code will not be released until Jan2014 official launch.

Many people refer to this as 100% pre-mined, but this isn’t really accurate since there *is* no mining, and the PoS system depends on all coins being distributed out.

The Nxt official thread in bitcointalk.org is at https://bitcointalk.org/index.php?topic=345619.0

This is a good, informative article about Nxt.

[GCInc.]

I like opticalcarrier's general info article (with still some polishing maybe) at this phase. JohnnyBTCSeed's compilation and the other entries provide great material for compiling a FAQ.

[bybitcoin]

Now that I sent 200K for klee to continue the giveaway, I get enough free air to start reviewing the submitted videos and articles and finally arrive to a final decision about whom to award the bounty prizes (500K for the video, 100K for the artcile and 50K for the Chinese translation).

Please one of you that is more informed and up-to-date, list all the submitted videos and articles with the link in a post. You can also include submissions in other threads and sites, if you know of any!

About articles, yes there are some good ones, that compilation that I promised to receive min. 15K even if its creator can not prevail to exert and produce a good article (coindesk style) from it.  
But overally I am not too satisfied with the articles, some of them got submitted in the last moments close to initial deadline (5th of December) and in a hurry Also none of them includes any graphic and has not the standard format of coindesk or btcmagazine news articles.

The last deadline for the video and also the article is December 20th. If you are making one, let us know here ASAP!

[opticalcarrier]

What is NXT in the World of Cryptocurrencies?

Not simply a coin, NXT is a 2nd gen scalable crypto offering a novel method of eco-friendly mining and features outside the scope of other simple "coins".

In the world where Bitcoin is king, altcoins only change parameters of the original Bitcoin code such as hashing mechanism, time between blocks, starting difficulty, and so on. NXT brings much more to the table and was designated a second generation cryptocurrency for a number of reasons; five of the most interesting ones follow:

1. It is not an altcoin such as litecoin, peercoin, or others who have their code based on Bitcoin's source code. It is brand new from scratch with its own code.

2. It utilizes a 100% proof of stake (PoS) mechanism versus the proof of work (PoW) mechanism other coins are based on. This effectively removes a security risk inherent in other coins, as the issue of a 51% attack and other vulnerabilities inherent to PoW coins become non-issues. Another plus here is how "green" its protocol is (not a reference to colored coins, that will come later) in power consumption, since 100% PoS mechanisms don’t require massive amounts of hashing power like Bitcoin/altcoins do.

3. NXT implements a new feature called "Transparent Forging" which will allow NXT to approach Visa/Mastercard rates of transactions. No other crypto currency can scale this high; this is possible with NXT because the transparency provided in the protocol will allow each user's client to determine which node will generate the next block. Other nodes can then send their transactions directly to that node. This also allows additional fees to be realized for immediate/priority transactions. An equally important feature of Transparent Forging is a security mechanism to prevent forked chains from being forged by high-stake nodes. This prevents against even a 90% majority owner of all NXT branching out and forcing a fork.

4. It was announced six weeks in advance, unlike mere hours like altcoins usually are. The 73 original stakeholders are responsible for distributing the 1 billion NXT coins that were ejected from the genesis block via an injection of their donated Bitcoin, 21 BTC total, into the genesis block. This is a requirement for any 100% PoS system to work and this distribution is now in progress. NXT is listed on http://coinmarketcap.com/ currently in 6th place and people are trading on a 1-on-1 basis in the forums as well as on BTC/NXT exchanges such as https://www.nxtchg.com and http://www.dgex.com. It is even traded as the Ripple/NXT pair on https://www.peercover.com.

5. It provides built in support for planned extra decentralized features such as a peer-peer exchange, colored coins, messaging/chat, DNS, and options for expedited transactions. Here is more information on these features.

Decentralized Exchange
How are coins currently traded? Well, you have to sign up for an account on a centralized platform such as Cryptsy/BTC-E/Bter/etc, transfer your BTC to them, and pay them a varying percentage fee for transactions, sometimes along with a fee to withdraw. This method has a risk of unregulated centralized exchanges stealing funds, which actually occurred recently when the Sheep Marketplace absconded with 96,000 BTC, resulting in the largest theft in history. NXT is developing a peer-peer exchange into the protocol to allow for decentralized trading which will eliminate this trust point and to reduce trading fees to regular network transaction fees.

Colored Coins
NXT (pun intended) is one of the more curious services, colored coins, which go hand in hand with a decentralized exchange. First though, some background: With the Bitcoin blockchain, transaction can be traced. Not to a person mind you, but what is meant is that an individual coin or pieces of that coin can be traced back on a transaction by transaction basis. Since this is the  case, then if it was possible to expand the protocol to allow a person to designate or "color" a particular coin, we could build a bridge from the virtual crypto currency world to the physical world. That colored coin can then be used to represent some physical entity here on earth. Property, stocks/bonds, commodities, or any concept that can be concretely identified could be colored. This additional realization of NXT's blockchain is exactly what is being built into the code to allow for decentralized trading of real property. Coupled with a decentralized exchange, colored coins become a very powerful next generation currency.

Other Decentralized Services
But let’s not stop there. If you can have a decentralized exchange based on the peer-peer model then what else is possible? Well, quite a bit as it turns out; the developers are also building in a decentralized DNS system and messaging/chat support as well. Think of what this will allow: all decentralized anonymous websites and payments, to go with an anonymous support system in the chat/messaging feature, all 100% secure, encrypted, and irreversible.





Green & Earth Friendly
Let’s talk more about NXT and efficiency. Everyone knows Bitcoin is based on Proof of Work. That is, there are thousands of miners around the world crunching away at hashes and gobbling up TONS of power. Proof of Stake doesn’t involve ‘mining’ per se, so it’s important to realize that unlike Bitcoin exists currently, and like Bitcoin will exist in 2040 when all of it is mined, all NXT that will ever exist already exists, so client wallets now forge (in NXT the term 'mining' is replaced with 'forging') for transaction fees. Since this can be done on a client wallet loaded on a PC (CPU forging), it is MUCH more environmentally friendly and power efficient, and is also immune to CPU zombie forging.

More on Proof Of Stake Forging

Now, on to the nuts and bolts of NXT’s implementation of PoS. It is elegantly simple: block generations with their transaction fees are competed for proportionally to all active forging wallets based on the amount of NXT a wallet has. So if a wallet has 1 million NXT, then they have 1/1000 of a chance of forging any block and receiving any transaction fees in that block. The math here is 1 million (amount the client has) divided by 1 billion (total NXT in existence) is 1000, so that is 1/1000 of a chance. An even added bonus is that it is your NXT balance that forges for you, not ASICs that requires lots of power, maintenance, and that depreciates in value and processing power. Instead of buying equipment to mine with, you just buy NXT to forge for more NXT with.

Additional Details

NXT is a brain wallet, a very long and secure passphrase MUST be used to generate your account.

To forge (AKA mine) for transaction fees, your client must be running and unlocked on your machine.

The NXT official thread in Bitcointalk.org is here.

Additional info is available on the website http://www.nxtcrypto.org or on the fourms site at http://forums.nxtcrypto.org.

The currency symbol selected for NXT is

[salsacz]

I just created my second video, first was reported here:
https://bitcointalk.org/index.php?topic=345773.msg3875930#msg3875930

Short description of NXT for general audience:
http://wideo.co/view/1302961386354824506-nxt Syncing voice
http://www.youtube.com/watch?v=zALTChPsXhQ
[/s] Coming soon

Then a lot of people asked me about NXT mining, so I created this second animation that is only about NXT Mining:
NXT Mining:
http://wideo.co/view/1302961386976944647-nxt-mining
http://www.youtube.com/watch?v=w1FTzBjy_8Q

NXT: 15003961341330858247

[bybitcoin]

I just created my second video, first was reported here:
https://bitcointalk.org/index.php?topic=345773.msg3875930#msg3875930

Short description of NXT for general audience:
http://wideo.co/view/1302961386354824506-nxt

Then a lot of people asked me about NXT mining, so I created this second animation that is only about NXT Mining:
NXT Mining:
http://wideo.co/view/1302961386976944647-nxt-mining

Nice, may I ask you to upload them in youtube as well and post the link here.

[salsacz]

List all the submitted videos and articles

Articles
cunicula
https://bitcointalk.org/index.php?topic=348625.msg3733803#msg3733803

cunicula
https://bitcointalk.org/index.php?topic=355644.msg3804460#msg3804460

opticalcarrier
https://bitcointalk.org/index.php?topic=345773.msg3827296#msg3827296
https://bitcointalk.org/index.php?topic=345773.msg3893217#msg3893217
https://bitcointalk.org/index.php?topic=345773.msg3980304#msg3980304

JohnnyBTCSeed
https://bitcointalk.org/index.php?topic=345773.msg3832234#msg3832234

salsacz
https://bitcointalk.org/index.php?topic=345773.msg3836768#msg3836768
2.0: https://bitcointalk.org/index.php?topic=345773.msg4065929#msg4065929


Translations

everythingbitcoin
https://bitcointalk.org/index.php?topic=345773.msg3706730#msg3706730

esuncloud
https://bitcointalk.org/index.php?topic=347956.msg3726507#msg3726507

getfun12345
https://bitcointalk.org/index.php?topic=345773.msg3903557#msg3903557
+
https://bitcointalk.org/index.php?topic=345773.msg3917080#msg3917080


Stark-Fujikawa
https://bitcointalk.org/index.php?topic=345773.msg3928945#msg3928945


Videos
lyynx
https://bitcointalk.org/index.php?topic=345773.msg3760143#msg3760143
http://youtu.be/f8dLMoZLMzM

salsacz
https://bitcointalk.org/index.php?topic=345773.msg3875930#msg3875930
http://wideo.co/view/1302961386354824506-nxt (reediting right now)
http://www.youtube.com/watch?v=zALTChPsXhQ new coming soon

Bonus:
https://bitcointalk.org/index.php?topic=345773.msg3983245#msg3983245
http://wideo.co/view/1302961386976944647-nxt-mining
http://www.youtube.com/watch?v=w1FTzBjy_8Q

ThaFresh
https://bitcointalk.org/index.php?topic=345773.msg3932600#msg3932600
http://youtu.be/hfan3u99dLc

[bybitcoin]

List all the submitted videos and articles

Articles
cunicula
https://bitcointalk.org/index.php?topic=348625.msg3733803#msg3733803

cunicula
https://bitcointalk.org/index.php?topic=355644.msg3804460#msg3804460

opticalcarrier
https://bitcointalk.org/index.php?topic=345773.msg3827296#msg3827296
https://bitcointalk.org/index.php?topic=345773.msg3893217#msg3893217
https://bitcointalk.org/index.php?topic=345773.msg3980304#msg3980304

JohnnyBTCSeed
https://bitcointalk.org/index.php?topic=345773.msg3832234#msg3832234

salsacz
https://bitcointalk.org/index.php?topic=345773.msg3836768#msg3836768


Translations

everythingbitcoin
https://bitcointalk.org/index.php?topic=345773.msg3706730#msg3706730

esuncloud
https://bitcointalk.org/index.php?topic=347956.msg3726507#msg3726507

getfun12345
https://bitcointalk.org/index.php?topic=345773.msg3903557#msg3903557
+
https://bitcointalk.org/index.php?topic=345773.msg3917080#msg3917080


Stark-Fujikawa
https://bitcointalk.org/index.php?topic=345773.msg3928945#msg3928945


Videos
lyynx
https://bitcointalk.org/index.php?topic=345773.msg3760143#msg3760143
http://youtu.be/f8dLMoZLMzM

salsacz
https://bitcointalk.org/index.php?topic=345773.msg3875930#msg3875930
http://wideo.co/view/1302961386354824506-nxt
http://www.youtube.com/watch?v=zALTChPsXhQ

https://bitcointalk.org/index.php?topic=345773.msg3983245#msg3983245
http://wideo.co/view/1302961386976944647-nxt-mining

ThaFresh
https://bitcointalk.org/index.php?topic=345773.msg3932600#msg3932600
http://youtu.be/hfan3u99dLc

Excellent, this will save a lot of time for me to review and arrive to a decision, Thank you bud!
Any other person who thinks there are some few others that are not included in the above list, please quote this post and add them as well. I am going to put them in the OP soon for the final decision.

[lyynx]

lyynx, opticalcarrier, JohnnyBTCSeed, salsacz:

I have already given about 100K to bybitcoin in order to tip for the bounties/giveaways.
However I would like to send 1000Nxt more to each one of you for your efforts.
Put your IDs here...

Hi Klee,

Sorry for the late reply, been busy for the last week. I appreciate the offer, but it is not needed, please feel free to add my reward to any other viable bounties.

[Come-from-Beyond]

http://www.youtube.com/watch?v=w1FTzBjy_8Q

This video lacks one important emphasis - despite the fact that the guy with a lot of coins gets most part of fees, everyone gets the same ROI.

[psybits]

Here is a copy of the Press Release draft we have sent to bybitcoin for review before sending it out to Yahoo Finance, The Wall Street Journal and more (full service at http://bitcoinprbuzz.com/services)! Many of our Press Releases also appear on CoinDesk and Bitcoin Magazine. The Press Release has been partially funded by BTC donations so I am unsure if we are eligible for any bounties but I am posting it here anyway As soon as the release has been approved by bybitcoin we will send it out

Bitcoin Descendant NXT Features 100% Original Code Base, Green Mining, Decentralized Trading And Many More Primary Innovations

Second generation digital currency NXT possesses a 100% original code base, eliminates transaction confirmation wait times, utilizes 100% green (or low energy) mining, decentralizes trading, and enables the creation of smart property via “colored” coins. NXT currently possesses an entirely original code base, instant transactions and green mining; the rest of these features and more will be introduced in January 2014 when the new NXT client launches, with some believing NXT is poised to overtake Bitcoin within two years.

Unlike all other alt coins which are really just variations of Bitcoin, NXT is a completely original design built from scratch with an entirely new code base. NXT supports instant transactions while still being extremely secure; ending the endless confirmation wait times. NXT transaction speeds are almost as fast as the VISA and Mastercard transactions of the debt based economy which make buying and selling so convenient. But with NXT, those instant transactions can be just as anonymous as Bitcoin, bringing to its users the best of both the fiat and crypto worlds.

NXT is currently traded on the Bitcoin-Next Exchange with a current value of 0.00001000 BTC/NXT. However, the Bitcoin-Next Exchange is only temporary. Soon, centralized exchanges with their ever present risk of the operators suddenly disappearing and making off with the users’ funds, will be a thing of the past. The NXT wallet client is currently rolling out a new feature which will enable decentralized peer to peer trading between NXT and BTC, once and for all eliminating the need to place trust in whoever is behind the centralized exchange. Furthermore, those trades can be conducted completely anonymously.
 Decentralized trading is only the beginning. Next comes decentralized DNS (significantly enhancing Namecoin's current offering), decentralized instant messaging and chat, completely anonymous websites with no additional plugins required to browse them, decentralized stock exchanges, and peer to peer transactions of all kinds which are 100% green, secure, encrypted and irreversible.

NXT was initially brought into circulation by 71 stakeholders who donated a total of 21 Bitcoins in exchange for a stake in the NXT genesis block which generated one billion NXT. In other words, all the NXT has already been mined. However, transaction fees will continue to be distributed to all NXT wallet clients based on the portion of total NXT each client holds. This proof of stake mining, or more accurately, forging, completely eliminates the need to secure the network with vast amounts of hashing power. It also eliminates any incentive to control 51 percent of the network. Finally, it is a truly green network because the amount of energy required to “forge” transaction fees is minimal. Any ordinary computer with the client installed can forge; which means anyone worldwide can participate in and get rewarded for maintaining the NXT network.

NXT’s code supports the creation of “colored” coins, a way to designate specific coins and tie them to physical property. This concept has been attempted with Bitcoin but so far those attempts have been unsuccessful. The ability to “color” or designate specific coins serves as a bridge between the cryptoworld and the physical world. It also provides a way for cryptocoins to be tied to some kind of physical asset. This ability is already being built into the very foundation of the NXT code base.

With its instant transaction confirmations, decentralized trading, 100% green mining or forging, and utility for creating smart property, NXT has immediate utility, high demand and unlimited value because of the multitude of possibilities within its ecosystem.

One result expected to take off is a multitude of profitable decentralized autonomous corporations (DACS) which will be 100% backed by shareholders and which will pay out profits to shareholders in dividends. NXT will also support the near complete replication of existing financial systems—with the added benefit of actually being decentralized and anonymous.

For the first time in alt coin history, we will have a currency and infrastructure which is based on a 100% original code base, 100% green, accessible to anyone on the planet, truly secure, and fast. With NXT, anyone worldwide can participate in securing the network of this emerging next gen digital currency which is positioned to explode; the high barriers to entry which are characteristic of Bitcoin today will be a thing of the past.

To learn more: http://nextcoin.org
To trade NXT please go to: http://dgex.com
NXT thread on Bitcointalk: https://bitcointalk.org/index.php?topic=345619.0

[MyZhre]

@psybits : I think you may forgot the biggest improvement:  51% attack proof, even 90% attack proof.

Well, guys... I'm going to create a new thread about transparent/predictable mining. Right now I'm reading the 1st part of BCNext's plan that he decided to reveal. It's about a solution of Selfish mining problem. Also he states that this solves 51% attack problem (adversary must own 90%+ coins to successfully attack the network). We agreed that I won't copy-paste the text (to avoid text style analysis) but rather write it by myself in other words, so it will take some time. BCNext was waiting in hope that price becomes more affordable for newcomers but we all have some deadlines set, so... Check this thread time to time, I'll post the link here. It's unknown how BCNext's paper will change the price, don't invest money you can't afford to lose.

[laowai80]

Excellent press release!

But I think the websites nextcoin.org and dgex.com need to be put in order before it's published.

nextcoin.org should have all the basic info on the front page, just like all crypto coins do, not just a forum where people would have to search for information.

and dgex.com is slow as it is, if there is a sudden traffic spike, things will grind to a halt pretty quickly.

I know, I am probably being Captain Obvious here

[klee]

Excellent press release!

But I think the websites nextcoin.org and dgex.com need to be put in order before it's published.

nextcoin.org should have all the basic info on the front page, just like all crypto coins do, not just a forum where people would have to search for information.

and dgex.com is slow as it is, if there is a sudden traffic spike, things will grind to a halt pretty quickly.

I know, I am probably being Captain Obvious here

+1

Excellent report btw!

[bybitcoin]

Some Important Updates:

-We received 600K more from our big donor, so we have about 1.2M fund in reserve to continue our bounty projects!

-About the videos I have come to this conclusion: I watched all videos carefully and by my sight, I believe lynxx initial video with his awesome narration is the best among others. The only problem is lack of animation and also not including the important featurs, decentralized exchange and DNS, Coloredcoins.. but still all in all his video is the best so far. So my intial decision is to award him 300K and distribute 200K among other participants proportionally, and hope that he (lynxx) could provide us with some additional part about those features for his video before the new year holidays. Please comment my decision.

-Also I decided to pay a 50K to the guy with that awesome compilation and distribute the remaining 50K among other participants (after more reviewing their articles). And also I ll cancel that 50K for Chinese translation (that has been planned for translation of the yet to be selected article) and put that 50K available for legitimate translations of our press news article+that compilation into various languages (every translation will get 2500 Nxt)

-The press news article I've received, I ll review this evening and will send my feedback to psybits, but I guess CfB should review that part too.

I need to have some update from Cunicula about the paper he is working on.

[Come-from-Beyond]

Bitcoin Descendant NXT Features 100% Original Code Base, Green Mining, Decentralized Trading And Many More Primary Innovations

Second generation digital currency NXT possesses a 100% original code base, eliminates transaction confirmation wait times, utilizes 100% green (or low energy) mining, decentralizes trading, and enables the creation of smart property via “colored” coins. NXT currently possesses an entirely original code base, instant transactions and green mining; the rest of these features and more will be introduced in January 2014 when the new NXT client launches, with some believing NXT is poised to overtake Bitcoin within two years.

Unlike all other alt coins which are really just variations of Bitcoin, NXT is a completely original design built from scratch with an entirely new code base. NXT supports instant transactions while still being extremely secure; ending the endless confirmation wait times. NXT transaction speeds are almost as fast as the VISA and Mastercard transactions of the debt based economy which make buying and selling so convenient. But with NXT, those instant transactions can be just as anonymous as Bitcoin, bringing to its users the best of both the fiat and crypto worlds.

NXT is currently traded on the Bitcoin-Next Exchange with a current value of 0.00001000 BTC/NXT. However, the Bitcoin-Next Exchange is only temporary. Soon, centralized exchanges with their ever present risk of the operators suddenly disappearing and making off with the users’ funds, will be a thing of the past. The NXT wallet client is currently rolling out a new feature which will enable decentralized peer to peer trading between NXT and BTC, once and for all eliminating the need to place trust in whoever is behind the centralized exchange. Furthermore, those trades can be conducted completely anonymously.
 Decentralized trading is only the beginning. Next comes decentralized DNS (significantly enhancing Namecoin's current offering), decentralized instant messaging and chat, completely anonymous websites with no additional plugins required to browse them, decentralized stock exchanges, and peer to peer transactions of all kinds which are 100% green, secure, encrypted and irreversible.

NXT was initially brought into circulation by 71 stakeholders who donated a total of 21 Bitcoins in exchange for a stake in the NXT genesis block which generated one billion NXT. In other words, all the NXT has already been mined. However, transaction fees will continue to be distributed to all NXT wallet clients based on the portion of total NXT each client holds. This proof of stake mining, or more accurately, forging, completely eliminates the need to secure the network with vast amounts of hashing power. It also eliminates any incentive to control 51 percent of the network. Finally, it is a truly green network because the amount of energy required to “forge” transaction fees is minimal. Any ordinary computer with the client installed can forge; which means anyone worldwide can participate in and get rewarded for maintaining the NXT network.

NXT’s code supports the creation of “colored” coins, a way to designate specific coins and tie them to physical property. This concept has been attempted with Bitcoin but so far those attempts have been unsuccessful. The ability to “color” or designate specific coins serves as a bridge between the cryptoworld and the physical world. It also provides a way for cryptocoins to be tied to some kind of physical asset. This ability is already being built into the very foundation of the NXT code base.

With its instant transaction confirmations, decentralized trading, 100% green mining or forging, and utility for creating smart property, NXT has immediate utility, high demand and unlimited value because of the multitude of possibilities within its ecosystem.

One result expected to take off is a multitude of profitable decentralized autonomous corporations (DACS) which will be 100% backed by shareholders and which will pay out profits to shareholders in dividends. NXT will also support the near complete replication of existing financial systems—with the added benefit of actually being decentralized and anonymous.

For the first time in alt coin history, we will have a currency and infrastructure which is based on a 100% original code base, 100% green, accessible to anyone on the planet, truly secure, and fast. With NXT, anyone worldwide can participate in securing the network of this emerging next gen digital currency which is positioned to explode; the high barriers to entry which are characteristic of Bitcoin today will be a thing of the past.

Instant transactions r not implemented yet, they r waiting for Messaging.
Decentralized Asset Exchange will trade virtual, not real bitcoins, so we still have to trust those who issued them and is supposed to work as a "gateway".
Nxt, like Bitcoin, is pseudonymous, not anonymous.
Chat is not planned (but can be implemented though)
Number of founders is 73+, coz BCNext was holding unclaimed coins.

I would add that Nxt solved Selfish Mining problem.

PS: Cunicula was hit by bus I believe, he hasn't been online for 9 days.

[psybits]

Thank you for all the feedback guys.

The press release does already mention that NXT cannot be subject to a 51% attack.

I will wait for bybitcoin's feedback before we send it out, and also take on board CFB's feedback

psybits

[Come-from-Beyond]

The press release does already mention that NXT cannot be subject to a 51% attack.

Yes, but Selfish Mining =/= 51% attack.

[psybits]

The press release does already mention that NXT cannot be subject to a 51% attack.

Yes, but Selfish Mining =/= 51% attack.

We have to remember this press release is for a general audience - but thank you for the clarification.

EDIT: the press release does not mention selfish mining. Can you please clarify via PM exactly what you mean?

[allwelder]

@The Chinese guy who opened the Nxt thread in the Chinese section: while it is not related to the Chinese translation of the general article bounty, but if you continue to present Nxt on that thread and answer Chinese members' questions about this project well (we will have another Chinese to audit and check it later), we can award you 50K Nxt after certain period of time. But you should make that thread clear, up-to-date, by presenting correct information to the audience and direct them to Nxt main threads, this bounty thread, the big giveaway thread, the main trading thread, or the exchange site which should come up very soon. If you are ready to do this, please quote this post.
[/quote]

Yes I would like to open the NXT thread in Chinese section for more chinese members.

Some translation I have done:
https://bitcointalk.org/index.php?topic=361812.0
https://bitcointalk.org/index.php?topic=361693.0
https://nextcoin.org/index.php/topic,748.0.html
https://nextcoin.org/index.php/topic,164.0.html
https://nextcoin.org/index.php/topic,331.0.html

Video:
http://i.youku.com/nextcoin

Chinese twitter
http://weibo.com/nxtcoin

Donation:15904446403154732365

[JohnnyBTCSeed]

I did another rewrite of the basic article and emailed it to Come-from-Beyond and bybitcoin for any comments. If that is something you want me to continue with then let me know otherwise I may or may not eventually release it sometime down the way.

Cheers. Great job everyone.

[klee]

just finished it. had some small troubles with the data because it was sorted in the wrong way
would be nice to get a small donation in NXT. i will try to make a wallet!

http://www.cryptocoincharts.info/v2/coins/show/nxt

When you are ready with your wallet post here so we can tip you from the giveaway/bounties funds pool!

i have created an account now. number 16008972304878164491
thank you very much!! NXT is so much more interesting than all the other coins

I just send you 20K from the Giveaway pool!
http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=18157289989313329349

buybitcoinscanada will send you 30K more.

buybitcoinscanada please quote this in your own message so I can quote all of the info in the other two threads (Bounty/Giveaway) for transparency/visibility!

30k Nxt coming your way xchrisx. Thanks for the great work!

[klee]

just finished it. had some small troubles with the data because it was sorted in the wrong way
would be nice to get a small donation in NXT. i will try to make a wallet!

http://www.cryptocoincharts.info/v2/coins/show/nxt

When you are ready with your wallet post here so we can tip you from the giveaway/bounties funds pool!

i have created an account now. number 16008972304878164491
thank you very much!! NXT is so much more interesting than all the other coins

I just send you 20K from the Giveaway pool!
http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=18157289989313329349

buybitcoinscanada will send you 30K more.

buybitcoinscanada please quote this in your own message so I can quote all of the info in the other two threads (Bounty/Giveaway) for transparency/visibility!

30k Nxt coming your way xchrisx. Thanks for the great work!

http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=6115249086794375882

[bybitcoin]

@psybits: I reviewed and sent my feedback for your draft that is supposed to be used for the media coverage.

@JohnyBTCSeed: as I mentioned before you ll get 50K for your compilation, but yes if you make a more optimized article from it with some pictures and schematic flowcharts you may win the whole. As for the translation, I decided to distribute it among various translators proportionally.

@lynxx: my initial decision is to give you 300K for your video and distribute 200K among others, but if you prevail to include those features mentioned by me before and make it a bit more colorful and animated, you ll get the whole 500K. Also you ll be the creator of our first official Nxt video!

And finally a guy named wesleyh messaged me yesterday evening reporting me about his creation of an easy to use Mac client. He was upset because he did not received much of a donation for his work. He asked if we hold a bounty and give him some rewards. Since our pool is very limited and kept only to supply the bounty prizes for already posted projects by me, I told him he is better to post the details of his work and the links here, so other people can read and check the client and then donate to his work if they find it valuable. But I had not been calm after replying his pm that way, cause if we really do not reward people who are doing the more technical necessary serious part of the work, Nxt will not be much more successful than all those shitcoins flying out there, as Nxt needs skillful passionate people to continue its success to wider acceptance and popularity.
So here I ask wesleyh to put his clients links and details for public review. If klee who uses Mac verify that the client is working okay and is well designed and user friendly, I ll give wesleyh 100K from our donation pool and hope other people also take a part and send him some coin to thank him.

[opticalcarrier]

@psybits: I reviewed and sent my feedback for your draft that is supposed to be used for the media coverage.

@JohnyBTCSeed: as I mentioned before you ll get 50K for your compilation, but yes if you make a more complete articles from it with some pictures and schematic flowcharts you may win the whole. As for the translation, I decided to distribute it among various translators proportionally.

@lynxx: my initial decision is to give you 300K for your video and distribute 200K among others, but if you prevail to include those features mentioned by me before and make it a bit more colorful and animated, you ll get the whole 500K. Also you ll be the creator of our first official Nxt video!

And finally a guy named wesleyh messaged me yesterday evening reporting me about his creation of an easy to use Mac client. He was upset because he did not received much of a donation for his work. He asked if we hold a bounty and give him some rewards. Since our pool is very limited and kept only to supply the bounty prizes for already posted projects by me, I told him he is better to post the details of his work and the links here, so other people can read and check the client and then donate to his work if they find it valuable. But I had not been calm after replying his pm that way, cause if we really do not reward people who are doing the more technical necessary serious part of the work, Nxt will not be much more successful than all those shitcoins flying out there, as Nxt needs skillful passionate people to continue its success to wider acceptance and popularity.
So here I ask wesleyh to put his clients links and details for public review. If klee who uses Mac verify that the client is working okay and is well designed and user friendly, I ll give wesleyh 100K from our donation pool and hope other people also take a part and send him some coin to thank him.

no critiques on my submission?

[bybitcoin]

@psybits: I reviewed and sent my feedback for your draft that is supposed to be used for the media coverage.

@JohnyBTCSeed: as I mentioned before you ll get 50K for your compilation, but yes if you make a more complete articles from it with some pictures and schematic flowcharts you may win the whole. As for the translation, I decided to distribute it among various translators proportionally.

@lynxx: my initial decision is to give you 300K for your video and distribute 200K among others, but if you prevail to include those features mentioned by me before and make it a bit more colorful and animated, you ll get the whole 500K. Also you ll be the creator of our first official Nxt video!

And finally a guy named wesleyh messaged me yesterday evening reporting me about his creation of an easy to use Mac client. He was upset because he did not received much of a donation for his work. He asked if we hold a bounty and give him some rewards. Since our pool is very limited and kept only to supply the bounty prizes for already posted projects by me, I told him he is better to post the details of his work and the links here, so other people can read and check the client and then donate to his work if they find it valuable. But I had not been calm after replying his pm that way, cause if we really do not reward people who are doing the more technical necessary serious part of the work, Nxt will not be much more successful than all those shitcoins flying out there, as Nxt needs skillful passionate people to continue its success to wider acceptance and popularity.
So here I ask wesleyh to put his clients links and details for public review. If klee who uses Mac verify that the client is working okay and is well designed and user friendly, I ll give wesleyh 100K from our donation pool and hope other people also take a part and send him some coin to thank him.

no critiques on my submission?

I ll review and report about all the articles soon, and I plan to pay some coins to each participant anyway, some get more and some get less.

[salsacz]

In reading my reply, it sounds a bit dismissive (rude) so I want to expand a bit, since it was not intended to be. My original video should no longer be considered for the bounty as I intend on submitting a new video. I want to create a video that is informational, covers some basics and dispel's myths and rumors regarding NXT, but, I need some questions answered. I have done my fair amount of reading, but sometimes a simple conversation suffice's.

So if anyone has time to give me a brief breakdown and answer some questions, the resulting video will be much better and informative.

according to this statement lyynx is really preparing some other video and doesn't consider the original for the bounty.


There is a good news for Mac and other developers, I collected special Donation proposals I found anywhere and these could fit for Mac Developer:

Pouncer:
I pledge 1M for software dev (any project)   For ongoing projects in need of more funds

2X84:
I am willing to pledge 5-10k in cold hard cash to a developer fund as soon as my Chase sends me a check as they have closed my accounts (they aren't crypto-currency friendly.) This check should arrive in under 15 days.

Others are listed:

https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=2

[bybitcoin]

In reading my reply, it sounds a bit dismissive (rude) so I want to expand a bit, since it was not intended to be. My original video should no longer be considered for the bounty as I intend on submitting a new video. I want to create a video that is informational, covers some basics and dispel's myths and rumors regarding NXT, but, I need some questions answered. I have done my fair amount of reading, but sometimes a simple conversation suffice's.

So if anyone has time to give me a brief breakdown and answer some questions, the resulting video will be much better and informative.

according to this statement lyynx is really preparing some other video and doesn't consider the original for the bounty.


There is a good news for Mac and other developers, I collected special Donation proposals I found anywhere and these could fit for Mac Developer:

Pouncer:
I pledge 1M for software dev (any project)   For ongoing projects in need of more funds

2X84:
I am willing to pledge 5-10k in cold hard cash to a developer fund as soon as my Chase sends me a check as they have closed my accounts (they aren't crypto-currency friendly.) This check should arrive in under 15 days.

Others are listed:

https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=2

Then lynxx can update us about his work in progress. I need a timing as I have a deadline for my own continuation of leading this thread as well. Anyway I ll pay everyone who've done some work (maybe a small prize) but the big one will go to the best.

And that is a good news about funding and donating the software devs as they are our most important forces. Perhaps you can ask those guys and update and if they desire to merge their donation into a pool that could possibly be kept by a trusted well known member (perhaps CfB, klee or Pouncer himself) to pay for good works from it each time after public review of the code and/or the build. We can start with wesleyh and his Mac client and then others.. I read about nexern developing some interesting stuff and also jean-luc working on core server side of the network.
Anyway I plan to follow my promise and reward wesleyh 100K after the client public review and check...

[homerzhu]

oh，great, i can translate these arites to chinese 

[lyynx]

Some Important Updates:

-We received 600K more from our big donor, so we have about 1.2M fund in reserve to continue our bounty projects!

-About the videos I have come to this conclusion: I watched all videos carefully and by my sight, I believe lynxx initial video with his awesome narration is the best among others. The only problem is lack of animation and also not including the important featurs, decentralized exchange and DNS, Coloredcoins.. but still all in all his video is the best so far. So my intial decision is to award him 300K and distribute 200K among other participants proportionally, and hope that he (lynxx) could provide us with some additional part about those features for his video before the new year holidays. Please comment my decision.

-Also I decided to pay a 50K to the guy with that awesome compilation and distribute the remaining 50K among other participants (after more reviewing their articles). And also I ll cancel that 50K for Chinese translation (that has been planned for translation of the yet to be selected article) and put that 50K available for legitimate translations of our press news article+that compilation into various languages (every translation will get 2500 Nxt)

-The press news article I've received, I ll review this evening and will send my feedback to psybits, but I guess CfB should review that part too.

I need to have some update from Cunicula about the paper he is working on.

Regarding my initial video, I am happy to report it is now up to 1275+ views http://www.youtube.com/watch?v=f8dLMoZLMzM So my original intention of getting a nice SEO boost for Nxt appears to be a success.

I am currently working on the updated video. I was hoping the community would come to a consensus regarding a logo so I could make an official video with official images. The graphical portion will not be too difficult, but I also do not plan on overdoing the video (graphical) portion itself as well as my video will be verbally focused as the original one was. With the recent influx of press releases and whitepapers, I believe I have enough information to proceed with a straight forward introduction to Nxt for the rest of the world. My ETA is less than a week, but most likely sooner.

[GCInc.]

and dgex.com is slow as it is, if there is a sudden traffic spike, things will grind to a halt pretty quickly.

Working on this, as well as the public image of the DGEX site to be ready for mainstream.

Is the press release due before January?

nextcoin.org should have all the basic info on the front page, just like all crypto coins do, not just a forum where people would have to search for information.

Nextcoin.org is just the forum, as it is becoming a generally accepted opinion that the currency is not considered coin but just cryptocurrency called NXT. The community is inclining towards setting up another domain for the main site.

[Anon136]

If you find the following post helpful. It was quite a bit of work so any donations would be very appreciated. BTC:1NjNo3pfjC2fHWRPdSNvmWiyLXsGh5Y7p6 NXT:17286747867026237511

Klee and Come-from-Beyond believe and have informed me that my interrogation of Come-from-Beyond on the issue of block authoring and my subsequent findings may make me eligible for a bounty as they may constitute an audit of the mining algorithm. I also may be uniquely qualified to provide this audit since I authored a very similar proposal here https://bitcointalk.org/index.php?topic=343923 as it turns out 1 day before BTCNext.

As a disclaimer, as you all know the code is still closed source until jan 3rd so my findings will rely on claims by BTCNext being truthful and accurate.

First a summary of my findings:
The shortcomings that face POW schemes are myriad. I don't want to get into explanations here but I will list three of those shortcomings. Hashing efficiency scales logarithmically with investment in infrastructure. In lay-terms that means a person who invests 10billion in mining infrastructure will be able to produce significantly more than 10 times as much hashing power as someone who has invested 1 billion. This creates pressure towards centralization as the capitalization of the POW coin market increases. Additionally there is the excessive warrant-less (warrant-less only because NXT exists now ) use of silicon, electricity, and human labor in the production and maintenance of mining hardware. Finally there is a need to keep block sizes smaller than would otherwise be the case in order to prevent incentives for centralization.

The natural solution to these problems, proof of stake, was imagined years ago. Peercoin is the most noteworthy implementation of POS and all of the other POS schemes on the market, as i understand it, are forks of Peercoin. Peercoin was an innovative step in the right direction. It solved the above mentioned problems but only at the cost of introducing new problems. Peercoin's security model relies on the assumption that large stake holders will remain honest for fear that the loss to the value of their stake would outweigh the advantages of a successful double-spend. The main problem with this assumption is that two different people will never have the same idea about what constitutes self interest. Imagine, for just one possible example, a situation where a large stake holder in peercoin is an even larger stake holder in alternative monetary schemes and stands to benefit from the peercoin capital exodus by being on the receiving end of that exodus in his other investments.

The natural solution to the problems outlined in peercoin is to introduce randomness into the selection of which stake holder wins the right to author a block. It sounds simple, but its not actually as simple as it sounds. You see, you can't just hash the previous block and use the digest as the parameter for selecting the winner of the right to author the next block because, the block authors would contrive transactions in that block that digested into a hash that gave him the the right to author the next block. In-fact you cant base it off of a digest of any part of the block that the author has free reign over or you will run into the same problem. So here is the million dollar question, how do you arrive at a series of unpredictable but consensus verifiable number without proof of work? This is NXT's key innovation. It is to BTCNext as the block chain is to Satoshi.

In essence it works by having the author of the next block be selected by comparing the public key that he is using to hold his stake to the public key of the author of the previous block. In-order to prevent the new block author from simply creating a public key that would win and loading that public key with his stake BTCNext introduced the idea of effective stake. Only stake that has remained stationary for 1440 blocks (24 hours) has the right to author a block. Would be attackers can not calculate 1440 blocks into the future because they have no idea who is going to author the very next block, let alone the next 1440 blocks. Inorder to prevent an attacker from creating a "trap" where if he manages to become lucky enough to author one block in the future than he has prepared a set of funded addresses which would "catch" the subsequent blocks, we don't only rely on the previous block authors signature alone, but build an entirely separate "block chain" which is the result of hashing every public key ever used to author a block.

That was my attempt to explain the basic idea for how it works conceptually. It of course is not a technical explanation of how it ACTUALLY works. (i may come back and add that later if there is demand but it would mostly be a copy paste job from BTCNext anyway).

I have to be honest here. The code is still closed source. It could turn out that this is all a scam. Buying nxt will continue to be a huge risk until the code is published open source. But I will tell you why I am buying. What would be the point in BTCNext conceptually solving all of these problems and creating a truly great model for how a crypto could work, and then create enough infrastructure to make a convincing facade, when he could have almost as easily as creating such a convincing facade, implemented all of the brilliant ideas he conceptually outlined?! That would be crazy! And even if NXT does turn out to be a scam, we should still build a real crypto out of these ideas.

Anyway for anyone who wants more details I will post a full transcript of my conversation with Come-from-Beyond below:

i really really really need someone to answer this question for me:

can anyone explain to me how it is determined who has the right to author the next block. i understand that the more nxt you have the higher your chance, but specifically how is the "winner" selected?

I know all of you guys who have 40k+ invested in this thing have to have figured out the answer to this question before you dropped that kind of cash.

It's very similar to Bitcoin. Who gets correct nonce wins the block.

In bitcoin a nonce is hashed with the previous block until one gets a digest that is below the target threashold. There is no POW in next so how are nonces used in this scheme? and where does the nonce come from? I really need as much detail as you can give me. I will even send a tip if i come out of this conversation understanding what i hoping to understand.

Now I got ur question and answered in https://nextcoin.org/index.php/topic,866.msg7100.html#msg7100

TL;DR: Nxt mining algo is based on ur invention.

Edit: I've seen the date of ur post, it had been posted 1 day before Nxt released. Did u write about ur invention somewhere else or earlier?

OH HECK YES! afk while i buy a million of these things Grin

oh but hey can you do me one more favor. can you link me to the original source where you got this information. i really want to read more.

Other guy has answered on nextcoin.org about that.

FROM NEXTCOIN.ORG

Each block has "generationSignature" parameter.  An active account signs "generationSignature" of the previous block with its private key.  This gives 64 bytes which are hashed with SHA256.  The first 8 bytes of the hash gives a number (I call it a "hit").  The hit is compared to the current "target" (64bit number).  If the hit is lower than the target then next block can be generated.

The target for each account is proportional to the balance.  Someone holding 1000 coins gets a 50 times bigger target than someone with 20 coins. Thus the owner of 1000 coins will generate 50 times more blocks than the owner of 20 coins (in the long run).

The target is not constant, it grows each second passed since the timestamp of the previous block.  If noone generated a block on the first second then the target becomes 2 times bigger and so on.  The base target is the target on the 60 second mark.  If there is only a few active accounts then after a long time someone will generate a block because the target will become very big.  If you open the client and log with any funded account you can see a ticking timer in BLOCKS widget.  It shows when the target will become greater than your hit.

No that was the first time and I wrote about it the same day that i thought of it. But you say that I posted it 1 day before nxt right? that technically makes it my invention right?

Right. And technically this makes me to suspect that u r BCNext.

Edit: I'd like to hear ur opinion regarding https://bitcointalk.org/index.php?topic=364218.0

haha no I'm a scrub programmer. my highest programming accomplishment to date is chess in the console with no AI. I'm much better at conceptualizing higher level abstractions than the logistics of implementation.

actually this is a really common thing. inventions are more often than not invented by a half a dozen people all over the world at the same time. we probably thought of it at the exact same time and i just wrote about it first. here is wikipedia on the phenomena http://en.wikipedia.org/wiki/Multiple_discovery

ill check it out.

I think I'm starting to get it. Is it true that the generationSignatures are totally deterministic? If you wanted too you could spend computing power to calculate who would win the right to author blocks far off into the future?

Output of next signature depends only on input of previous one. For example:

F(x) = x*2

Then we have such a sequence of outcomes: 1, 2, 4, 8, 16, 32...

Transactions included into a block can't change it, there is a special "blockSignature" for them.

Great! im definitely beginning to understand.

So next question. What mechanism prevents people from purposefully creating accounts with public keys which will allow them to author an upcoming block?

*edit* there is definitely a tip in this for you if you have good answers to all of my questions  

Cunicula (as attacker) and BCNext (as defender) came to the following algo:

1. Brand new accounts must wait 1440 blocks before they r given permission to forge blocks
2. Old accounts forge blocks as if their balance doesn't include coins received in the previous block

Amount that is used for forging is called "effective balance".

is it really that difficult to calculate out 1441 blocks ahead? it doesn't sound difficult. If it is so difficult now what happens when computers become faster and more powerful in the future? is the plan to just fork it from time to time?

it seems like if the generationSignature was additionally a product of the hash of the public key of the account that authored the previous block than that would add a measure of security for little additional cost. as in, unlike including phony transactions to get the result you want out of the digest of a whole block, it would be difficult to coax the result you wanted out of a public key funded with a large amount of cash 1441 blocks ahead of time.

What should be calculated ahead to be able to generate all blocks?

My understanding is that the next generationSignatureB is a digest of generationSignatureA and generationSignatureC is a digest of generationSignatureB ect... So what i mean is, what stops an attacker from calculating generationSignatures 1441 steps into the future and then creating and funding account that will win the right to author that 1441st block. It should in theory be rather simple to generate 1441 signatures if it is a purely deterministic process right?

U must predict amounts on other accounts in 1440 steps, coz time when u generate a block depends on ur effective balance. It's possible only for empty blocks. If someone's account becomes larger then he will get chance to inject his block into ur chain completely ruining all ur computations.

oooh so the generationSignature is a digest of the previous generationSignature + the time-stamp of the previous block?

No. It's digest of prevGenSignature only.

How determined the generator (account) of the next block:

1. X = digest of prevGenSignature gives 256 bits
2. First 64 bits of X is a HIT
3. Target = BaseTarget (which is the same for all accounts) * Balance * Time_since_previous_block
4. If HIT < Target then next block can be generated

Edit: Target grows each second until it "crosses" HIT of one of the accounts

All you would have to do is brute force the creation of a key pair that digested the 1440th genSignature to a hit that was below everyone elses target. It would be totally doable.

This problem is super solvable though. BTNext should make the BaseTarget adjustable with an algo similar to bitcoins re-target algo. Then Increae the 1440 block (24 hours) restriction for effectiveBalance out to about 43200 (1 month) just to be extra super safe (its best to pick absurdly safe parameters when dealing with billions or possibly even trillions of dollars someday). Then finally make the nextGenSignature a digest of the prevGenSignature + the public key of the author of the last block. You couldnt game it with intentionally selected keys because you would have to pick the key 1 month ahead of time and there would be no way to predict who would author which blocks 1 month out since miners drop in and out of the network at random.

1440 blocks is safe number coz u have to know who will sign the 1439th block which depends on the signer of the 1438th block and so forth. To know future signers u must know future balances. Even if u know future balances u must know future topology of the network to predict which blocks will be orphaned.

im so sorry to keep pestering you. but why is this the case. inorder to do this all you would have to do is brute force the creation of a key pair that digested the 1440th genSignature to a hit that was below everyone elses target. It would be totally doable. why must you need to know future signers?

Coz block 1440 winner is determined as Digest(Digest(Digest(...1435times...Digest(Signature_of_block_1)...))).

But that doesnt explain why you would need to know who future signers are. It only says that you would need to calculate the 1440th generationSignature and pre-empt it by creating an account with a key-pair that would cause your hit to be lower than everyone elses targets right? how do future signers effect that situation?

Output of the last digest depends on ur public key and generating signature of previous block. It's deterministic but still can't be guessed. Look at this example:

Alice signs block 1 - signature is A
Bob signs block 2 - signature is Digest(A + Bob_public_key)
Charlie signs block 3 - signature is Digest(Digest(A + Bob_public_key) + Charlie_public_key)

See? U can choose any Charlie_public_key but without knowing Bob_public_key in advance it gives no advantage at all.

yep! i do understand. we just weren't communicating properly. as soon as i thought i saw a problem what you wrote up there is exactly the solution i proposed. bcnext is a freaking genius. I worked so hard to try to figure something out like this myself to no avail. What i proposed in my thread is a far cry from this much better solution.

[utopianfuture]

Thanks you Anon. You do deserve a tip. I will send you some after I fired up the client later on. We still need you to audit the actual code and algorithm when the source code is released. Are you qualified to do that ?

Up

[Anon136]

Thanks you Anon. You do deserve a tip. I will send you some after I fired up the client later on. We still need you to audit the actual code and algorithm when the source code is released. Are you qualified to do that ?

Up

No I am not. I wish that i was I am only qualified to audit the ideas. Someone else has to tell me whether the ideas that BTCNext says he implemented are actually implemented the way he says they are.

[Come-from-Beyond]

Klee and Come-from-Beyond believe, and have informed me, that my interrogation of Come-from-Beyond on the issue of block authoring, and my subsequent findings, may make me eligible for a bounty as they may constitute an audit of the mining algorithm.

I confirm that. Here is my answer to Anon's PM:

klee seems to think that i may be eligible for a bounty for auditing the mining algo. he told me i should pm you to see if you would be interested in supporting my petition. what do you think?

I think that we need as more reviews as possible, but we still got none. I support this.

[klee]

I want to confirm that I indeed have talked with Anon136 and suggested him to claim some bounty here because what he did if very important.
I have much greater confidence today that indeed NxT can become the evolutionary step in cryptocoins - Anon136 audited what is the heart of every cryptocurrency. Features and interface are great but what really makes NxT unique is the PoS mining algorithm.

So I strongly support he should get more than the 1000NXT I already gave him from the giveaway funds.
https://bitcointalk.org/index.php?topic=347927.msg4061365#msg4061365

@bybitcoin your proposed reward can be still filled in part/whole from the giveaway pool!

[Anon136]

thanks so much guys.

[pinarello]

and dgex.com is slow as it is, if there is a sudden traffic spike, things will grind to a halt pretty quickly.

Working on this, as well as the public image of the DGEX site to be ready for mainstream.

Is the press release due before January?

nextcoin.org should have all the basic info on the front page, just like all crypto coins do, not just a forum where people would have to search for information.

Nextcoin.org is just the forum, as it is becoming a generally accepted opinion that the currency is not considered coin but just cryptocurrency called NXT. The community is inclining towards setting up another domain for the main site.

If nothing gets done on dgex fast and I mean as in real fast, the come out for NXT will be very negative. I dont se any progress at this point.

Pin

[bybitcoin]

I am not aware of Anon136's recent contribution, but sure, I make a read ASAP and if it looks helpful, we can give him some coins from our giveaway fund as our part support.

Also may I ask you klee to review and test wesleyh's Mac client and send me your opinion, I don't use Mac myself. Based on your review I will give him up to 100K from our donation pool, as I promised before. Just please pm me your review for a better discussion.

About nextcoin.org I still have not openned any account there or at any other Nxt related new site (made a demo account in dgex, but didn't trade anything there yet). If nextcoin is supposed to become the Nxt official site and the main forum, then the main control of the doings there should be transferred at the hand of major Nxt players, developers and project managers. And I ll only make an account there or at any other major Nxt site, if and only if a moderator level degree be given to me. Otherwise I will stay here in btt.
Also about dgex, it is far from the level of being the main Nxt exchange atm, because of the lack of payment automation and also because the withdrawal 0.9% fee discourages high volume traders and in general working with a pure PoS currency like Nxt make it possible for the site to reduce fees to close to 0 (maybe some fixed fees for btc cashouts+ some min. Nxt fee to prevent spamming and market manipulation).

Finally I need to have updates from Cunicula and lynxx. I probably will close and lock this thread after January 3rd (and of course paying all the current bounties and transfer the remaining to another pool of my choice). The reason is twofold, one is that it takes a lot of my time, and second is that we have a very limited pool of donation and I am not going to beg other holders or fight discussing with them to help us continue it the way we are doing now. I heard several times from some guys that they prefer to donate case by case and privately.. So let it be that way!

[Anon136]

I am not aware of Anon136's recent contribution, but sure, I make a read ASAP and if it looks helpful, we can give him some coins from our giveaway fund as our part support.

Also may I ask you klee to review and test wesleyh's Mac client and send me your opinion, I don't use Mac myself. Based on your review I will give him up to 100K from our donation pool, as I promised before. Just please pm me your review for a better discussion.

Thanks bybitcoin for taking a look. Also if you don't mind i would ask one other favor. If you have more coins to sell in the future than please contact me first

*edit* its still a bit sloppy. I'm going to work on it more tonight and try to add a layperson technical explanation of how the security model works.

[klee]

Also may I ask you klee to review and test wesleyh's Mac client and send me your opinion, I don't use Mac myself. Based on your review I will give him up to 100K from our donation pool, as I promised before. Just please pm me your review for a better discussion.

It is awesome! I leave the reward up to you, it is all relevant to what you have already paid to other people.
I think 100K would be good...

[salsacz]

The last deadline for the video and also the article is December 20th. If you are making one, let us know here ASAP!

Last deadline is dead in half of the world now, so here are my updates

Article:

Do you know Nxt?

You probably know Bitcoin (http://bitcoin.org/). This online currency was created a few years ago and it had many followers. Nxt (https://nextcoin.org/) is first of the second generation online cryptocurrencies. Nxt is brand new software that provides many cool features that Bitcoin didn't have. It also prevents of all bad things that Bitcoin came up with.

Decentralization
Nxt concentrates on decentralization. With Nxt you won't need to use online marketplaces, exchanges, forums and many other websites. Everything will be included in the application! You will use only Nxt app, so no government censorship or DDOS attacks can stop Nxt.
Nxt was created at the end of November 2013. First block, the Genesis block, was given to the early adopters. First holders are distributing NXT among more users. Currently more than 50 percent of Nxt (= 500 million NXT) have changed the owner.  

No inflation
There is and will always be only 1 billion of NXT. You cannot use mining for increasing number of NXT. If you transfer some NXT, you pay a little fee. This fee goes back to the system as an interest for people that own NXT. The more NXT you have, the merrier NXT you get from fees. So the price of NXT won't be affected by miners!

Proof stake mining
Nxt is based on green pure proof of stake (http://en.wikipedia.org/wiki/Proof-of-stake) mining. You will never need fast processor or graphic cards to get more NXT. That's really a big difference of Bitcoin and it might save our planet too. Maybe.  The more coins you have, the more blocks you will generate, but the amount you get per block is dependent on the transaction fees included in the block. So everyone gets the same chance based upon the amount of coins they own. It's a linear relationship. You get the equal return on your investment.

Instant transactions
Nxt doesn't need millions of scripts, so it provides very fast transactions. You can send your NXT from the USA to China within seconds! It will also provide the system of instant transactions, if you pay a little more fee for transaction.

Colored coins
Would you like to exchange $ € ¥ with Bitcoins, Litecoins or NXT within seconds, without using any provider, exchange with high fees, banks? No problem! You can send colored coins (http://coloredcoins.org/) that represent stocks, smart properties, other currencies (such as dollars, pounds, yen, or euros), and even other cryptocurrencies (such as Bitcoin, Litecoin, or Namecoin).

Decentralized p2p exchanges
Centralized exchanges  Bitstamp (https://bitstamp.net/), Cryptsy (https://www.cryptsy.com/) or BTC-E (https://btc-e.com/) can be slow or DDOSed, you pay them huge fees and there is always possibility so it can be hacked or taken down by governments. That's why people are looking for decentralized p2p exchanges, where no provider (or hacker) can steal all of your money. Nxt buyers and sellers trade directly with each other! So there are no commissions, only small network fees.

Internal instant messaging
Do you have to login to the forums to communicate with the potential seller? Nxt will provide internal instant messaging with chosen aliases, so you can talk to with your customer/seller through the main application. Your alias can be redirected to your website, email or account number, so it can be another very useful function.

Decentralized DNS
Decentralized DNS (https://wiki.projectmeshnet.org/DNS) is another invention of NXT. Well, it is also used by Namecoin (http://namecoin.info/), but NXT has improved version. Why is it important? It's very useful for security and also prevents from cybersquatting and censorship. Centralized DNS address can record a lot of transfers and that is something that NXT doesn't want.
A basic version of Nxt will be released on 3rd January 2014. All features will be available in April. It will provide much more than only market with crypto-coins. Nxt will cause a new revolution not only for crypto currency, but for all online trades. It’s not just some currency, it’s Nxt. Nxt generation of cryptocurrency.

NXT: 15003961341330858247

[Anon136]

OK i updated my post. Its much better now. Much more organized and human readable. If not its final form than VERY close to its final form. Please pass judgments based on its present state rather than its former state. 

[salsacz]

Videos

Short description of NXT for general audience describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option,
version 2.0:
http://wideo.co/view/1302961386354824506-nxt

1.0: http://www.youtube.com/watch?v=zALTChPsXhQ (only music)
2.0: http://youtu.be/7oAiCOWLtn4 (with voice cover)

Version 2.0:
 - Some parts were corrected thanks to responses in forums.
 - Added a voice cover
 - updated logos
 - Special thanks to QBTC and psybits for permission to use the logo and some texts

 - Czech version, 1.0: http://wideo.co/view/1302961387016091210-co-je-nxt

The video is already presented here:

• http://www.reddit.com/r/Nextcoin
• http://coinregime.wordpress.com/2013/12/08/nxt-a-descendant-of-bitcoin/
• http://coinarea.net/
• http://nxtcrypto.wikia.com/wiki/Nxt_Wiki
• http://nxtcoin.blogspot.com/
• (+ our forums)

Bonus video:
Nxt Mining:
http://wideo.co/view/1302961386976944647-nxt-mining
http://www.youtube.com/watch?v=w1FTzBjy_8Q

NXT: 15003961341330858247

[salsacz]

List all the submitted videos and articles for the deadline of 20.12.2013

Articles

cunicula
https://bitcointalk.org/index.php?topic=348625.msg3733803#msg3733803

cunicula
https://bitcointalk.org/index.php?topic=355644.msg3804460#msg3804460

opticalcarrier
https://bitcointalk.org/index.php?topic=345773.msg3827296#msg3827296
https://bitcointalk.org/index.php?topic=345773.msg3893217#msg3893217
https://bitcointalk.org/index.php?topic=345773.msg3980304#msg3980304

JohnnyBTCSeed
https://bitcointalk.org/index.php?topic=345773.msg3832234#msg3832234

salsacz
https://bitcointalk.org/index.php?topic=345773.msg3836768#msg3836768
2.0: https://bitcointalk.org/index.php?topic=345773.msg4065929#msg4065929

psybits
https://bitcointalk.org/index.php?topic=345773.msg4020121#msg4020121

Anon136
https://bitcointalk.org/index.php?topic=345773.msg4063478#msg4063478 (Audit of POS Implementation)


Translations

everythingbitcoin
https://bitcointalk.org/index.php?topic=345773.msg3706730#msg3706730

esuncloud
https://bitcointalk.org/index.php?topic=347956.msg3726507#msg3726507

getfun12345
https://bitcointalk.org/index.php?topic=345773.msg3903557#msg3903557
+
https://bitcointalk.org/index.php?topic=345773.msg3917080#msg3917080

Stark-Fujikawa
https://bitcointalk.org/index.php?topic=345773.msg3928945#msg3928945

allwelder
Some translation I have done:

• https://bitcointalk.org/index.php?topic=361812.0
• https://bitcointalk.org/index.php?topic=361693.0
• https://nextcoin.org/index.php/topic,748.0.html
• https://nextcoin.org/index.php/topic,164.0.html
• https://nextcoin.org/index.php/topic,331.0.html

Videos
lyynx
https://bitcointalk.org/index.php?topic=345773.msg3760143#msg3760143
http://youtu.be/f8dLMoZLMzM

salsacz
https://bitcointalk.org/index.php?topic=345773.msg4067398#msg4067398
version 2.0:
http://wideo.co/view/1302961386354824506-nxt
http://youtu.be/7oAiCOWLtn4

 - version 1.0:
    - http://www.youtube.com/watch?v=zALTChPsXhQ (music only)
    - http://wideo.co/view/1302961387016091210-co-je-nxt (czech translation)

 - Bonus - Nxt mining:
    - http://wideo.co/view/1302961386976944647-nxt-mining
    - http://www.youtube.com/watch?v=w1FTzBjy_8Q

ThaFresh
https://bitcointalk.org/index.php?topic=345773.msg3932600#msg3932600
http://youtu.be/hfan3u99dLc

allwelder
http://i.youku.com/nextcoin

[josephliton]

Created a Topic on :  [[[Trade Services and Goods]]]Buy,sell goods and Services in exchange with Nxt


https://bitcointalk.org/index.php?topic=380924.new#new

Some Next coin Please


9684368659768393730

[pthnmj]

Do we earn NXT by just leaving the JAVA OPEN?

[psybits]

The NXT Press Release is up at http://bitcoinprbuzz.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

It is going out to the news wires now It's also gone viral over the last 5 hours and is getting a ton of traffic just on our site

I will update again soon when it's gone out to the news wires - and also with a NXT address for contributions.

[salsacz]

The NXT Press Release is up at http://bitcoinprbuzz.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

It is going out to the news wires now It's also gone viral over the last 5 hours and is getting a ton of traffic just on our site

I will update again soon when it's gone out to the news wires - and also with a NXT address for contributions.

Well, not a good idea while we are under some attacks the first day of Alias big rush. Our site is DOWN...

[Come-from-Beyond]

Well, not a good idea while we are under some attacks the first day of Alias big rush. Our site is DOWN...

We r under constant attack for 2 weeks at least. So it's good idea.

[bybitcoin]

Due to increases in Nxt value, I ll be very serious about the quality of the bounty projects, be warned.
If things stay at the same current level and participants do not improve their creations accordingly, I ll then divide the bounty prizes in several parts and will pay each round to one level of qualified submissions (making two or more rounds).
This is especially true about the video production: at the moment 500K Nxt is about 30 BTC or $18000, therefore the video (which will stand as our official one) should be very professional, attractive and close to perfection!

PS: once more, I need an update from cunicula about the whitepaper..

[pinarello]

List all the submitted videos and articles for the deadline of 20.12.2013

Articles

cunicula
https://bitcointalk.org/index.php?topic=348625.msg3733803#msg3733803

cunicula
https://bitcointalk.org/index.php?topic=355644.msg3804460#msg3804460

opticalcarrier
https://bitcointalk.org/index.php?topic=345773.msg3827296#msg3827296
https://bitcointalk.org/index.php?topic=345773.msg3893217#msg3893217
https://bitcointalk.org/index.php?topic=345773.msg3980304#msg3980304

JohnnyBTCSeed
https://bitcointalk.org/index.php?topic=345773.msg3832234#msg3832234

salsacz
https://bitcointalk.org/index.php?topic=345773.msg3836768#msg3836768
2.0: https://bitcointalk.org/index.php?topic=345773.msg4065929#msg4065929

psybits
https://bitcointalk.org/index.php?topic=345773.msg4020121#msg4020121

Anon136
https://bitcointalk.org/index.php?topic=345773.msg4063478#msg4063478 (Audit of POS Implementation)


Translations

everythingbitcoin
https://bitcointalk.org/index.php?topic=345773.msg3706730#msg3706730

esuncloud
https://bitcointalk.org/index.php?topic=347956.msg3726507#msg3726507

getfun12345
https://bitcointalk.org/index.php?topic=345773.msg3903557#msg3903557
+
https://bitcointalk.org/index.php?topic=345773.msg3917080#msg3917080

Stark-Fujikawa
https://bitcointalk.org/index.php?topic=345773.msg3928945#msg3928945

allwelder
Some translation I have done:

• https://bitcointalk.org/index.php?topic=361812.0
• https://bitcointalk.org/index.php?topic=361693.0
• https://nextcoin.org/index.php/topic,748.0.html
• https://nextcoin.org/index.php/topic,164.0.html
• https://nextcoin.org/index.php/topic,331.0.html

Videos
lyynx
https://bitcointalk.org/index.php?topic=345773.msg3760143#msg3760143
http://youtu.be/f8dLMoZLMzM

salsacz
https://bitcointalk.org/index.php?topic=345773.msg4067398#msg4067398
version 2.0:
http://wideo.co/view/1302961386354824506-nxt
http://youtu.be/7oAiCOWLtn4

 - version 1.0:
    - http://www.youtube.com/watch?v=zALTChPsXhQ (music only)
    - http://wideo.co/view/1302961387016091210-co-je-nxt (czech translation)

 - Bonus - Nxt mining:
    - http://wideo.co/view/1302961386976944647-nxt-mining
    - http://www.youtube.com/watch?v=w1FTzBjy_8Q

ThaFresh
https://bitcointalk.org/index.php?topic=345773.msg3932600#msg3932600
http://youtu.be/hfan3u99dLc

allwelder
http://i.youku.com/nextcoin

Thanks for letting me out nice.


Pin

[salsacz]

Due to increases in Nxt value, I ll be very serious about the quality of the bounty projects, be warned.
If things stay at the same current level and participants do not improve their creations accordingly, I ll then divide the bounty prizes in several parts and will pay each round to one level of qualified submissions (making two or more rounds).
This is especially true about the video production: at the moment 500K Nxt is about 30 BTC or $18000, therefore the video (which will stand as our official one) should be very professional, attractive and close to perfection!

PS: once more, I need an update from cunicula about the whitepaper..

What about deadlines? It was till 15.12., then till 20.12.2013. I stayed at home and worked on the video nonstop for another 12 hours so I could make it till the second last deadline. And have you got any comments, now - 2 days after the deadline?
thanks

[Stark-Fujikawa]

Give me a heads-up when the finalized whitepaper is posted and I'll translate it asap.

[opticalcarrier]

Due to increases in Nxt value, I ll be very serious about the quality of the bounty projects, be warned.
If things stay at the same current level and participants do not improve their creations accordingly, I ll then divide the bounty prizes in several parts and will pay each round to one level of qualified submissions (making two or more rounds).
This is especially true about the video production: at the moment 500K Nxt is about 30 BTC or $18000, therefore the video (which will stand as our official one) should be very professional, attractive and close to perfection!

PS: once more, I need an update from cunicula about the whitepaper..

What about deadlines? It was till 15.12., then till 20.12.2013. I stayed at home and worked on the video nonstop for another 12 hours so I could make it till the second last deadline. And have you got any comments, now - 2 days after the deadline?
thanks

Yes, I dont get it.  You wanted a coindesk-format article, and I'm the only one who has delivered that.  Heck, I was the only one to submit any original content  before your original deadline.  Now there will be a rush of people coming in here and raping all our articles' content and trying to throw something together in coindesk format (since Ive just highlighted this issue) to make one of their own; the press release you paid for used some of my content, which actually did make me feel pretty good though, so I dont understand what it is you don't like about my article.  Some people's stuff you give critiques, others nothing.

[Stark-Fujikawa]

Started the Dutch wiki. Two translated pages so far, will do more tomorrow as it is very late over here at the moment:

http://nxt-nl.wikia.com/wiki/Nxt_NL_Wiki

[bybitcoin]

Due to increases in Nxt value, I ll be very serious about the quality of the bounty projects, be warned.
If things stay at the same current level and participants do not improve their creations accordingly, I ll then divide the bounty prizes in several parts and will pay each round to one level of qualified submissions (making two or more rounds).
This is especially true about the video production: at the moment 500K Nxt is about 30 BTC or $18000, therefore the video (which will stand as our official one) should be very professional, attractive and close to perfection!

PS: once more, I need an update from cunicula about the whitepaper..

What about deadlines? It was till 15.12., then till 20.12.2013. I stayed at home and worked on the video nonstop for another 12 hours so I could make it till the second last deadline. And have you got any comments, now - 2 days after the deadline?
thanks

Yes, I dont get it.  You wanted a coindesk-format article, and I'm the only one who has delivered that.  Heck, I was the only one to submit any original content  before your original deadline.  Now there will be a rush of people coming in here and raping all our articles' content and trying to throw something together in coindesk format (since Ive just highlighted this issue) to make one of their own; the press release you paid for used some of my content, which actually did make me feel pretty good though, so I dont understand what it is you don't like about my article.  Some people's stuff you give critiques, others nothing.

Why are you too demanding, also what brings you to the  state of accusing other people using your data to configure their articles?!
The general article is about general facts on Nxt. It is not quantum physics and everyone can see those facts before hand, yet the one who shapes them in better and more optimized words shall win the article bounty. And one thing more, I am not blind or dump, if something has been published by you before others, I ll consider yours the credited.

Finally the fact that I keep silent doesn't mean I did not review your works (all of you). Here are some mistakes you have made in your article:
1-The decentralized p2p exchange is based on coloredcoins feature, they are not separated, and that brings the necessity of having some gateways accompanying the exchange when the coloredcoin represents a currency (like btc) or any digital or real good (like amazon products).
Only for securities, commodities and stocks there is no need for gateways as there is no need for the actual release of the corresponding good.
2-You say the following at the end of your article:"Now, on to the nuts and bolts of Nxt’s implementation of PoS.  Its elegantly simple: transaction fees are distributed out proportionally to all users based on the amount of Nxt a client has. (assuming that client is running and unlocked).  So if a client has 1 million Nxt, then they have 1/1000 of a chance of receiving the transaction fee for any transaction.  The math here is 1 million (amount the client has) divided by 1 billion (total Nxt in existence) is 1000, so that is 1/1000 of a chance."
This is wrong: tx fees are not proportionally distributed to all users based the amount of Nxt a client has, actually the chance to generate the next block and gain all the tx fees included on that block is proportionally distributed among them based on their balance.. they are different things!

I said the article needs some nice pictures and flowchart, you then copy-pasted a general picture at the start of your article.. is yours really in the level of a coindesk standard article?! I do not have the time or patience to write the critics on each single article.
Still no debate, I ll consider all the works for the bounty project and will assign accordingly.

And by the way you are 100% wrong about the press release funding, up to this moment I have not paid a single dime to the press release and psybits for that. He just started it with the btc donations he got from some donators (I am not updated about how much he gathered up to this moment). But sure we should find a way to pay him in coming weeks..
My time and funding source is limited, perhaps you and your colleagues that are running and leading the hot topics of Nxt Foundation and Nxt Bounty projects in nextcoin.org forum can shape a donation pool (being kept by themselves) and start taking a part and helping, just talking doesn't solve anything at all!

PS: @salsacz: yes the deadline is passed, but I am waiting for lyynx's and cunicula's update. lyynx pm d me stating that his updated video will be released by tomorrow. So we will apparently have our bounty prizes paid soon!

[psybits]

NXT press release is now on Yahoo Finance: http://finance.yahoo.com/news/bitcoin-descendant-nxt-features-100-051500739.html

I'll have links to more reports shortly (the release has been published on over 300 online news sites).

[bybitcoin]

All my effort I have put in on NXT is stolen by others, just like optical is telling, who received huge bounty's.

I warned you all for dgex that it was a huge security flaw.

Recieved in all that time some NXT from exactly 2 stakeholders.

One moment I proposed even to buy a little amount of NXT from someone, NOBODY wanted to sell.

I was devoted to NXT, but from now one you can go on with them thiefs.

sorry guys I dont follow you all this road.


edit: look out, or some day you will choke on all your NXT hoarders.

GL to all
Pin

You did the same thing with eMunie project, didn't you?
Thank you for the wish, and good luck to you as well!
We need passionate people: if you care for your so called ideas being stolen, or you treat your voluntary effort helping Nxt to be paid like a job, yes you should find another place to follow your predetermined plans!

PS: on the matter of dgex, as I mentioned some days before, I agree that dgex is far from the level of being the primary exchange for Nxt and apparently we will need a fix soon.

[boredeo]

I know it wasn't an officially sanctioned bounty, but would be pleasing to see a donation to 4534322254679043886 for https://bitcointalk.org/index.php?topic=345619.msg4101194#msg4101194 for that issue, you're giving out thousands of nxt for translations, I think I deserve more than a few for finding a documentation bug.

[salsacz]

"stealing ideas"

I think we are in the open source project, where people should steal a lot! If is something coool, it is good to use it! All we need is a great material and the reader doesn't care if the material comes from different sources.

But it is always better - if you want to steal something - to contact the owner and at least ask him, if it's OK and then mention him somewhere

[GCInc.]

PS: on the matter of dgex, as I mentioned some days before, I agree that dgex is far from the level of being the primary exchange for Nxt and apparently we will need a fix soon.

Not that far, give or take a week.

It is much different already than it was a week ago, we would appreciate an opinion what other factors other than the website design are crucial to your evaluation of "a fix"?

BTW https://dgex.com works now fine.

[TwinWinNerD]

Hey guys,

Is there any bounty for a german translation of parts of the wiki/whitepaper/webpages?

Let me know,
TwinWinNerD

[Stark-Fujikawa]

All my effort I have put in on NXT is stolen by others, just like optical is telling, who received huge bounty's.

Alright, I'm not sure if this accusation is leveled at me,  but I would like to make a statement just in case. At this point in time, I have received exactly one donation (substantially less than yours, but that's fair since you've done more work so far). Apart from that, the work  I have put in the "Wat is Nxt?" article is entirely my own.

I have now started work on the Dutch wiki and have only been using my own work for that as well. The "Getting Started" page contained a text I think you've translated on the Nextcoin forum, but if you inspect that text you should see I used my own translation for the Wiki as I didn't want to use your text without permission and furthermore couldn't have as the forum was down at the moment I was translating the page. That said you are more than welcome to help translate the Wiki, as it's a huge undertaking for one person and multiple editors results in better quality control.

I harbor no ill will towards you, and I'm not sure this is even directed at me, but I wanted to clarify things publicly as I'm one of the other Dutch translators and stating "people have stolen my work and collected the rewards" could easily lead them to assume I was the one doing said things.

As for some progress on the Dutch wiki. I have so far completed the Home page, the Getting Started page and am almost done with the Myths and Misconceptions page.

http://nxt-nl.wikia.com/wiki/Nxt_NL_Wiki
http://nxt-nl.wikia.com/wiki/FAQ#Mythes_en_misconcepties
http://nxt-nl.wikia.com/wiki/Van_Start_Gaan

Anyone is more than welcome to help. The English pages are currently fully integrated in the page and I'm in the process of translating them and phasing out the English text so the structure remains identical to the English wiki. I still see this as a collaborative effort rather than a competitive one, but wanted to clear things up just in case.

[bybitcoin]

PS: on the matter of dgex, as I mentioned some days before, I agree that dgex is far from the level of being the primary exchange for Nxt and apparently we will need a fix soon.

Not that far, give or take a week.

It is much different already than it was a week ago, we would appreciate an opinion what other factors other than the website design are crucial to your evaluation of "a fix"?

BTW https://dgex.com works now fine.

I already mentioned those factors in another post at the page 7 of this same bounty thread:

Also about dgex, it is far from the level of being the main Nxt exchange atm, because of the lack of payment automation and also because the withdrawal 0.9% fee discourages high volume traders and in general working with a pure PoS currency like Nxt make it possible for the site to reduce fees to close to 0 (maybe some fixed fees for btc cashouts+ some min. Nxt fee to prevent spamming and market manipulation).

[WebCanvas.in]

It is with great pleasure that I, Sheeba - from www.webcanvas.in, a professional wed and graphics design platform; would like to introduce ourselves to you. We have been catering to hundreds of clients globally and continue to serve premium quality designs for every requirement.

Lately, we have begun accepting crypto currencies starting from Bitcoin and we have numerous clients who have opted to use it as a choice of payment, motivating us to consider adding more of such potential currencies. We have been constantly looking at adding a new crypto coin as payment option, which was what brought NXT coin to our attention.

We believe it would definitely be profitable for us to get in early in accepting NXT coin as a payment option for our business.

As an early adoption of a new crypto currency, we are offering a 10% discount for all orders placed using the NXT coin.

We would further increase the discount rates as the popularity of NXT increases over time.

We would be truly glad if you guys would add our company www.webcanvas.in in your NXT coin bounty list as the first online based company accepting NXT as a payment option.

This would really motivate us in accepting a new crypto currency for our business and will also give more exposure to this crypto within the designing industry.

Thank you for your attention and we wish the NXT coin a great success.

Seasons Greetings from WebCanvas.

NXT : 16333127575054031013

[opticalcarrier]

Why are you too demanding, also what brings you to the  state of accusing other people using your data to configure their articles?!

Please see the following article Ive quoted for you.  It wasnt an accusation, like I said I was pleased they used my content, I just thought was odd that the author liked my content but you seem to not like it.

Here is a copy of the Press Release draft we have sent to bybitcoin for review before sending it out to Yahoo Finance, The Wall Street Journal and more (full service at http://bitcoinprbuzz.com/services)! Many of our Press Releases also appear on CoinDesk and Bitcoin Magazine. The Press Release has been partially funded by BTC donations so I am unsure if we are eligible for any bounties but I am posting it here anyway As soon as the release has been approved by bybitcoin we will send it out

Bitcoin Descendant NXT Features 100% Original Code Base, Green Mining, Decentralized Trading And Many More Primary Innovations

Second generation digital currency NXT possesses a 100% original code base, eliminates transaction confirmation wait times, utilizes 100% green (or low energy) mining, decentralizes trading, and enables the creation of smart property via “colored” coins. NXT currently possesses an entirely original code base, instant transactions and green mining; the rest of these features and more will be introduced in January 2014 when the new NXT client launches, with some believing NXT is poised to overtake Bitcoin within two years.

Unlike all other alt coins which are really just variations of Bitcoin, NXT is a completely original design built from scratch with an entirely new code base. NXT supports instant transactions while still being extremely secure; ending the endless confirmation wait times. NXT transaction speeds are almost as fast as the VISA and Mastercard transactions of the debt based economy which make buying and selling so convenient. But with NXT, those instant transactions can be just as anonymous as Bitcoin, bringing to its users the best of both the fiat and crypto worlds.

NXT is currently traded on the Bitcoin-Next Exchange with a current value of 0.00001000 BTC/NXT. However, the Bitcoin-Next Exchange is only temporary. Soon, centralized exchanges with their ever present risk of the operators suddenly disappearing and making off with the users’ funds, will be a thing of the past. The NXT wallet client is currently rolling out a new feature which will enable decentralized peer to peer trading between NXT and BTC, once and for all eliminating the need to place trust in whoever is behind the centralized exchange. Furthermore, those trades can be conducted completely anonymously.
 Decentralized trading is only the beginning. Next comes decentralized DNS (significantly enhancing Namecoin's current offering), decentralized instant messaging and chat, completely anonymous websites with no additional plugins required to browse them, decentralized stock exchanges, and peer to peer transactions of all kinds which are 100% green, secure, encrypted and irreversible.

NXT was initially brought into circulation by 71 stakeholders who donated a total of 21 Bitcoins in exchange for a stake in the NXT genesis block which generated one billion NXT. In other words, all the NXT has already been mined. However, transaction fees will continue to be distributed to all NXT wallet clients based on the portion of total NXT each client holds. This proof of stake mining, or more accurately, forging, completely eliminates the need to secure the network with vast amounts of hashing power. It also eliminates any incentive to control 51 percent of the network. Finally, it is a truly green network because the amount of energy required to “forge” transaction fees is minimal. Any ordinary computer with the client installed can forge; which means anyone worldwide can participate in and get rewarded for maintaining the NXT network.

NXT’s code supports the creation of “colored” coins, a way to designate specific coins and tie them to physical property. This concept has been attempted with Bitcoin but so far those attempts have been unsuccessful. The ability to “color” or designate specific coins serves as a bridge between the cryptoworld and the physical world. It also provides a way for cryptocoins to be tied to some kind of physical asset. This ability is already being built into the very foundation of the NXT code base.

With its instant transaction confirmations, decentralized trading, 100% green mining or forging, and utility for creating smart property, NXT has immediate utility, high demand and unlimited value because of the multitude of possibilities within its ecosystem.

One result expected to take off is a multitude of profitable decentralized autonomous corporations (DACS) which will be 100% backed by shareholders and which will pay out profits to shareholders in dividends. NXT will also support the near complete replication of existing financial systems—with the added benefit of actually being decentralized and anonymous.

For the first time in alt coin history, we will have a currency and infrastructure which is based on a 100% original code base, 100% green, accessible to anyone on the planet, truly secure, and fast. With NXT, anyone worldwide can participate in securing the network of this emerging next gen digital currency which is positioned to explode; the high barriers to entry which are characteristic of Bitcoin today will be a thing of the past.

To learn more: http://nextcoin.org
To trade NXT please go to: http://dgex.com
NXT thread on Bitcointalk: https://bitcointalk.org/index.php?topic=345619.0

[opticalcarrier]

Why are you too demanding, also what brings you to the  state of accusing other people using your data to configure their articles?!

Please see the following article Ive quoted for you.  It wasnt an accusation, like I said I was pleased they used my content, I just thought was odd that the author liked my content but you seem to not like it.

Here is a copy of the Press Release draft we have sent to bybitcoin for review before sending it out to Yahoo Finance, The Wall Street Journal and more (full service at http://bitcoinprbuzz.com/services)! Many of our Press Releases also appear on CoinDesk and Bitcoin Magazine. The Press Release has been partially funded by BTC donations so I am unsure if we are eligible for any bounties but I am posting it here anyway As soon as the release has been approved by bybitcoin we will send it out

Bitcoin Descendant NXT Features 100% Original Code Base, Green Mining, Decentralized Trading And Many More Primary Innovations

Second generation digital currency NXT possesses a 100% original code base, eliminates transaction confirmation wait times, utilizes 100% green (or low energy) mining, decentralizes trading, and enables the creation of smart property via “colored” coins. NXT currently possesses an entirely original code base, instant transactions and green mining; the rest of these features and more will be introduced in January 2014 when the new NXT client launches, with some believing NXT is poised to overtake Bitcoin within two years.

Unlike all other alt coins which are really just variations of Bitcoin, NXT is a completely original design built from scratch with an entirely new code base. NXT supports instant transactions while still being extremely secure; ending the endless confirmation wait times. NXT transaction speeds are almost as fast as the VISA and Mastercard transactions of the debt based economy which make buying and selling so convenient. But with NXT, those instant transactions can be just as anonymous as Bitcoin, bringing to its users the best of both the fiat and crypto worlds.

NXT is currently traded on the Bitcoin-Next Exchange with a current value of 0.00001000 BTC/NXT. However, the Bitcoin-Next Exchange is only temporary. Soon, centralized exchanges with their ever present risk of the operators suddenly disappearing and making off with the users’ funds, will be a thing of the past. The NXT wallet client is currently rolling out a new feature which will enable decentralized peer to peer trading between NXT and BTC, once and for all eliminating the need to place trust in whoever is behind the centralized exchange. Furthermore, those trades can be conducted completely anonymously.
 Decentralized trading is only the beginning. Next comes decentralized DNS (significantly enhancing Namecoin's current offering), decentralized instant messaging and chat, completely anonymous websites with no additional plugins required to browse them, decentralized stock exchanges, and peer to peer transactions of all kinds which are 100% green, secure, encrypted and irreversible.

NXT was initially brought into circulation by 71 stakeholders who donated a total of 21 Bitcoins in exchange for a stake in the NXT genesis block which generated one billion NXT. In other words, all the NXT has already been mined. However, transaction fees will continue to be distributed to all NXT wallet clients based on the portion of total NXT each client holds. This proof of stake mining, or more accurately, forging, completely eliminates the need to secure the network with vast amounts of hashing power. It also eliminates any incentive to control 51 percent of the network. Finally, it is a truly green network because the amount of energy required to “forge” transaction fees is minimal. Any ordinary computer with the client installed can forge; which means anyone worldwide can participate in and get rewarded for maintaining the NXT network.

NXT’s code supports the creation of “colored” coins, a way to designate specific coins and tie them to physical property. This concept has been attempted with Bitcoin but so far those attempts have been unsuccessful. The ability to “color” or designate specific coins serves as a bridge between the cryptoworld and the physical world. It also provides a way for cryptocoins to be tied to some kind of physical asset. This ability is already being built into the very foundation of the NXT code base.

With its instant transaction confirmations, decentralized trading, 100% green mining or forging, and utility for creating smart property, NXT has immediate utility, high demand and unlimited value because of the multitude of possibilities within its ecosystem.

One result expected to take off is a multitude of profitable decentralized autonomous corporations (DACS) which will be 100% backed by shareholders and which will pay out profits to shareholders in dividends. NXT will also support the near complete replication of existing financial systems—with the added benefit of actually being decentralized and anonymous.

For the first time in alt coin history, we will have a currency and infrastructure which is based on a 100% original code base, 100% green, accessible to anyone on the planet, truly secure, and fast. With NXT, anyone worldwide can participate in securing the network of this emerging next gen digital currency which is positioned to explode; the high barriers to entry which are characteristic of Bitcoin today will be a thing of the past.

To learn more: http://nextcoin.org
To trade NXT please go to: http://dgex.com
NXT thread on Bitcointalk: https://bitcointalk.org/index.php?topic=345619.0

Here are some mistakes you have made in your article:
1-The decentralized p2p exchange is based on coloredcoins feature, they are not separated, and that brings the necessity of having some gateways accompanying the exchange when the coloredcoin represents a currency (like btc) or any digital or real good (like amazon products).
Only for securities, commodities and stocks there is no need for gateways as there is no need for the actual release of the corresponding good.

A mistake?  No, I never STATED they weren't related.  So you want to nitpick the way I present, but then you have just said:

The general article is about general facts on Nxt. It is not quantum physics

OK so its not to the level of quantum physics, yet you seem to want an EXTREMELY DETAILED article, which would go well past the content size and readibility level of a coindesk article approaching the level of a white paper, which is NOT what you want for a general article.

2-You say the following at the end of your article:"Now, on to the nuts and bolts of Nxt’s implementation of PoS.  Its elegantly simple: transaction fees are distributed out proportionally to all users based on the amount of Nxt a client has. (assuming that client is running and unlocked).  So if a client has 1 million Nxt, then they have 1/1000 of a chance of receiving the transaction fee for any transaction.  The math here is 1 million (amount the client has) divided by 1 billion (total Nxt in existence) is 1000, so that is 1/1000 of a chance."
This is wrong: tx fees are not proportionally distributed to all users based the amount of Nxt a client has, actually the chance to generate the next block and gain all the tx fees included on that block is proportionally distributed among them based on their balance.. they are different things!

once again, do you want this presented to the level of quantum physics, or to the length of a typical coindesk article?  I elected to skip discussions about blocks contaning multiple transactions, and to deal with transaction fees as obtaining transaction fees are the goal of forgers.  Like I said, this needs to be kept to the size and comprehension level of a coindesk article.  What you describe is more appropriate for a whitepaper, not a general article.

I said the article needs some nice pictures and flowchart, you then copy-pasted a general picture at the start of your article.. is yours really in the level of a coindesk standard article?!

Like I said, the finished picture will have an overlay of the voted on logo.  Those other alt coins in the background of the logo is the PERFECT picture for this.  The need for a chart is a legit critique for this.  I see eveyone has elected to not do this, I guess I should do this.  Besides that, yes it is to the level of a coindesk article.  Someone elected to post my article to the wikis out there and its even started to be translated in lots of places.  Its brought LOTS of people to NXT.

My time and funding source is limited, perhaps you and your colleagues that are running and leading the hot topics of Nxt Foundation and Nxt Bounty projects in nextcoin.org forum can shape a donation pool (being kept by themselves) and start taking a part and helping, just talking doesn't solve anything at all!

This has already happened.  Our forum's bounty pool has just bailed though, to the dogecoin project, leaving me the keys to the pool, and with all the attacks lately I havent had time to do anything about it.  Ive volunteered to manage FOR FREE, VPSs for any donor stakeholder who pays for the VPS.  So Im pretty busy here myself.




It appears you have something against me.. Not sure what it is other than the typo I made to you in a PM after in the trading tread you sold 1M NXT to someone at rate of 5BTC/1MNXT and I was trying to ask if you had more for sale at that rate, instead I accidentally referenced 1BTC which was obviously incorrect according to the trade you just made, instead you mocked me back in a PM.  So I replied saying it was an accident and referenced the 5BTC trade you made and let you know thats what Im talking about.  No reply.

So whatever dude.  Its obvious you will not pick my article.  Even though its by far the best, most original one, submitted by your date, and has already been published all over, already fulfilling the function of a general article.  Ill just go ahead and publish to coindesk regardless of wheter or not you pay me, and see what *they* tink about it. because its good for NXT.  You just go right on being butthurt about me.  Personally, I NEVER give other people that much control over me.  Your mileage may vary.  Merry Christmas!

[bybitcoin]

Why are you too demanding, also what brings you to the  state of accusing other people using your data to configure their articles?!

Please see the following article Ive quoted for you.  It wasnt an accusation, like I said I was pleased they used my content, I just thought was odd that the author liked my content but you seem to not like it.

Here is a copy of the Press Release draft we have sent to bybitcoin for review before sending it out to Yahoo Finance, The Wall Street Journal and more (full service at http://bitcoinprbuzz.com/services)! Many of our Press Releases also appear on CoinDesk and Bitcoin Magazine. The Press Release has been partially funded by BTC donations so I am unsure if we are eligible for any bounties but I am posting it here anyway As soon as the release has been approved by bybitcoin we will send it out

Bitcoin Descendant NXT Features 100% Original Code Base, Green Mining, Decentralized Trading And Many More Primary Innovations

Second generation digital currency NXT possesses a 100% original code base, eliminates transaction confirmation wait times, utilizes 100% green (or low energy) mining, decentralizes trading, and enables the creation of smart property via “colored” coins. NXT currently possesses an entirely original code base, instant transactions and green mining; the rest of these features and more will be introduced in January 2014 when the new NXT client launches, with some believing NXT is poised to overtake Bitcoin within two years.

Unlike all other alt coins which are really just variations of Bitcoin, NXT is a completely original design built from scratch with an entirely new code base. NXT supports instant transactions while still being extremely secure; ending the endless confirmation wait times. NXT transaction speeds are almost as fast as the VISA and Mastercard transactions of the debt based economy which make buying and selling so convenient. But with NXT, those instant transactions can be just as anonymous as Bitcoin, bringing to its users the best of both the fiat and crypto worlds.

NXT is currently traded on the Bitcoin-Next Exchange with a current value of 0.00001000 BTC/NXT. However, the Bitcoin-Next Exchange is only temporary. Soon, centralized exchanges with their ever present risk of the operators suddenly disappearing and making off with the users’ funds, will be a thing of the past. The NXT wallet client is currently rolling out a new feature which will enable decentralized peer to peer trading between NXT and BTC, once and for all eliminating the need to place trust in whoever is behind the centralized exchange. Furthermore, those trades can be conducted completely anonymously.
 Decentralized trading is only the beginning. Next comes decentralized DNS (significantly enhancing Namecoin's current offering), decentralized instant messaging and chat, completely anonymous websites with no additional plugins required to browse them, decentralized stock exchanges, and peer to peer transactions of all kinds which are 100% green, secure, encrypted and irreversible.

NXT was initially brought into circulation by 71 stakeholders who donated a total of 21 Bitcoins in exchange for a stake in the NXT genesis block which generated one billion NXT. In other words, all the NXT has already been mined. However, transaction fees will continue to be distributed to all NXT wallet clients based on the portion of total NXT each client holds. This proof of stake mining, or more accurately, forging, completely eliminates the need to secure the network with vast amounts of hashing power. It also eliminates any incentive to control 51 percent of the network. Finally, it is a truly green network because the amount of energy required to “forge” transaction fees is minimal. Any ordinary computer with the client installed can forge; which means anyone worldwide can participate in and get rewarded for maintaining the NXT network.

NXT’s code supports the creation of “colored” coins, a way to designate specific coins and tie them to physical property. This concept has been attempted with Bitcoin but so far those attempts have been unsuccessful. The ability to “color” or designate specific coins serves as a bridge between the cryptoworld and the physical world. It also provides a way for cryptocoins to be tied to some kind of physical asset. This ability is already being built into the very foundation of the NXT code base.

With its instant transaction confirmations, decentralized trading, 100% green mining or forging, and utility for creating smart property, NXT has immediate utility, high demand and unlimited value because of the multitude of possibilities within its ecosystem.

One result expected to take off is a multitude of profitable decentralized autonomous corporations (DACS) which will be 100% backed by shareholders and which will pay out profits to shareholders in dividends. NXT will also support the near complete replication of existing financial systems—with the added benefit of actually being decentralized and anonymous.

For the first time in alt coin history, we will have a currency and infrastructure which is based on a 100% original code base, 100% green, accessible to anyone on the planet, truly secure, and fast. With NXT, anyone worldwide can participate in securing the network of this emerging next gen digital currency which is positioned to explode; the high barriers to entry which are characteristic of Bitcoin today will be a thing of the past.

To learn more: http://nextcoin.org
To trade NXT please go to: http://dgex.com
NXT thread on Bitcointalk: https://bitcointalk.org/index.php?topic=345619.0

Here are some mistakes you have made in your article:
1-The decentralized p2p exchange is based on coloredcoins feature, they are not separated, and that brings the necessity of having some gateways accompanying the exchange when the coloredcoin represents a currency (like btc) or any digital or real good (like amazon products).
Only for securities, commodities and stocks there is no need for gateways as there is no need for the actual release of the corresponding good.

A mistake?  No, I never STATED they weren't related.  So you want to nitpick the way I present, but then you have just said:

The general article is about general facts on Nxt. It is not quantum physics

OK so its not to the level of quantum physics, yet you seem to want an EXTREMELY DETAILED article, which would go well past the content size and readibility level of a coindesk article approaching the level of a white paper, which is NOT what you want for a general article.

2-You say the following at the end of your article:"Now, on to the nuts and bolts of Nxt’s implementation of PoS.  Its elegantly simple: transaction fees are distributed out proportionally to all users based on the amount of Nxt a client has. (assuming that client is running and unlocked).  So if a client has 1 million Nxt, then they have 1/1000 of a chance of receiving the transaction fee for any transaction.  The math here is 1 million (amount the client has) divided by 1 billion (total Nxt in existence) is 1000, so that is 1/1000 of a chance."
This is wrong: tx fees are not proportionally distributed to all users based the amount of Nxt a client has, actually the chance to generate the next block and gain all the tx fees included on that block is proportionally distributed among them based on their balance.. they are different things!

once again, do you want this presented to the level of quantum physics, or to the length of a typical coindesk article?  I elected to skip discussions about blocks contaning multiple transactions, and to deal with transaction fees as obtaining transaction fees are the goal of forgers.  Like I said, this needs to be kept to the size and comprehension level of a coindesk article.  What you describe is more appropriate for a whitepaper, not a general article.

I said the article needs some nice pictures and flowchart, you then copy-pasted a general picture at the start of your article.. is yours really in the level of a coindesk standard article?!

Like I said, the finished picture will have an overlay of the voted on logo.  Those other alt coins in the background of the logo is the PERFECT picture for this.  The need for a chart is a legit critique for this.  I see eveyone has elected to not do this, I guess I should do this.  Besides that, yes it is to the level of a coindesk article.  Someone elected to post my article to the wikis out there and its even started to be translated in lots of places.  Its brought LOTS of people to NXT.

My time and funding source is limited, perhaps you and your colleagues that are running and leading the hot topics of Nxt Foundation and Nxt Bounty projects in nextcoin.org forum can shape a donation pool (being kept by themselves) and start taking a part and helping, just talking doesn't solve anything at all!

This has already happened.  Our forum's bounty pool has just bailed though, to the dogecoin project, leaving me the keys to the pool, and with all the attacks lately I havent had time to do anything about it.  Ive volunteered to manage FOR FREE, VPSs for any donor stakeholder who pays for the VPS.  So Im pretty busy here myself.




It appears you have something against me.. Not sure what it is other than the typo I made to you in a PM after in the trading tread you sold 1M NXT to someone at rate of 5BTC/1MNXT and I was trying to ask if you had more for sale at that rate, instead I accidentally referenced 1BTC which was obviously incorrect according to the trade you just made, instead you mocked me back in a PM.  So I replied saying it was an accident and referenced the 5BTC trade you made and let you know thats what Im talking about.  No reply.

So whatever dude.  Its obvious you will not pick my article.  Even though its by far the best, most original one, submitted by your date, and has already been published all over, already fulfilling the function of a general article.  Ill just go ahead and publish to coindesk regardless of wheter or not you pay me, and see what *they* tink about it. because its good for NXT.  You just go right on being butthurt about me.  Personally, I NEVER give other people that much control over me.  Your mileage may vary.  Merry Christmas!

I leave all you said to the audience to see and decide: but that you believe you have the best article is just your own personal opinion.
Accusing others for stealing your ideas..hehe.. well thank you for the Christmas joke.

About the article yes it should be optimized but not wrongly posed, that is the art of a good writer to shape the main lines of truth in some few words. Also by some pictures I meant some flowcharts and figures to let people understand it more clearly, not the logo you are waiting for the copy-paste! (and whitepaper is for very technical details, algorithms and security model and not the simple facts you were omitting)

You say I (bybitcoin) am against you because you pm d me about the price.. and then mistake..and then I started ignoring you or whatever.
May I ask once and for all:are you out of your mind or too upset atm, or are you a complete fool?? There are a lot of people who send me pm everyday and I just do not get the time to answer. Even our big donator who've already sent 1M to our pool, sometimes gets no reply from me for two or three days (and I am so sorry for that). Several pms and I get confused. I am not a 5 years old kid that become against somebody for his/her 1 or 2 irrelevant pms!
 
But that is what you are: you accuse people easily, you are too self-confident about your masterpiece... and you have not the time to manage the pool you've already gathered for Nxt project in other forum...lol.
But kid, to be honest, I know what you are doing, you are here with a mission, and you demand a fast paying for your predetermined plans, like the other guy whom I quoted before noon today as well.
Good luck to you, please do not spam this thread, otherwise I ll have to delete your posts. We do not need hatred and conspiracy imaginations here!

[abuelau]

Hey guys,

Is there any bounty for a german translation of parts of the wiki/whitepaper/webpages?

Let me know,
TwinWinNerD

And likewise for Brazilian Portuguese.

[salsacz]

Hey guys,

Is there any bounty for a german translation of parts of the wiki/whitepaper/webpages?

Let me know,
TwinWinNerD

And likewise for Brazilian Portuguese.

Awesome, now we need only Korean and Indian people, if I count most important languages

Welcome to the https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=1 - the page will be revised soon.

[lyynx]

As promised, here is the updated video.

https://www.youtube.com/watch?v=IsKPyq_zL5g

[ferment]

Hi All!

It was suggest that I post over here. I'm in the process of collecting donations/bounties to continue building out a 100+ public nodes in 10 different geographic locations. I've currently received donations for 50 nodes and have deployed 20 in 2 data centers. The other 30 just came in today so I'm deploying and coding as fast as the holiday will allow!

Current status:

- 10 nodes in Atlanta deployed
- 10 nodes in Northern Virgina deployed
- 10 nodes in Dallas in progress
- 10 nodes in Chicago queued
- 10 nodes in non-US location TBD queued

I'm deploying new nodes as I receive donations in chunks 3000 nxt. 3000 nxt covers 1 node for 3 months.

All donations will be held in the nxtbase account until the end of March. At the end of March, I'll reimburse myself for all fees occured. What this means, is that ratio of deployed nodes to donations is completely transparent. For example, if my account has 30K nxt, there will be 20 public nodes (10 for donation and 10 donated by me). So my work can be audited by the community. It could be at any given time a node or two is bust, but in general the running public nodes should equal balance/3000 + 10.

So if you would like to support the cause, please donate or pay a bounty to 11243542237777034551. PM if you want to be recognized for your donations!

Thanks for your support!

-Ferment

[bybitcoin]

Here is the final result and paying assignment for our bounties:

lyynx: man you've done it finally, the type of video I've desired. This probably would be the first Nxt official video!
You get 400K for your video, please provide your account id.

salsacz: you've wrote a good article covering most of the stuff accurately in a minimalist fashion. But it needs editing by a native speaker (please don't be offended by having me mentioning this).
Also your video v.2 was a good one, very close to my standards, other video about mining was nice too. But unfortunately we have limited sources and by paying the main part of the video bounty to lyynx, I can only provide you 100K for your videos, and also 30K for the article+ 20K for helping me organizing this thread, for the total 150K. Please provide your account id.


JohnnyBTCSeed: as I promised before, I pay you 50K for your awesome compilation. Please provide your account id. 

wesleyh: as I promised, you also get 100K for your nice Nxt Mac app. Please provide your account id.

Anon136: I read it, excellent! You should promise us to write a separate paper about it and referring to Nxt algo in part and putting a copy in arxiv.org for the technical audience to see as well!
I wished I could give you more, but alas my source is limited. I can give you 200K. Please provide your id.

PS: others videos, articles and translations that I omitted above can post the link to their effort attached with their Nxt id. in the big giveaway thread. I ll send another 100K for klee to continue the giveaway and in particular send you some coins over that thread!

Merry Christmas!

[lyynx]

Here is the final result and paying assignment for our bounties:

lyynx: man you've done it finally, the type of video I've desired. This probably would be the first Nxt official video!
You get 400K for your video, please provide your account id.

salsacz: you've wrote a good article covering most of the stuff accurately in a minimalist fashion. But it needs editing by a native speaker (please don't be offended by having me mentioning this).
Also your video v.2 was a good one, very close to my standards, other video about mining was nice too. But unfortunately we have limited sources and by paying the main part of the video bounty to lyynx, I can only provide you 100K for your videos, and also 30K for the article+ 20K for helping me organizing this thread, for the total 150K. Please provide your account id.


JohnnyBTCSeed: as I promised before, I pay you 50K for your awesome compilation. Please provide your account id. 

wesleyh: as I promised, you also get 100K for your nice Nxt Mac app. Please provide your account id.

Anon136: I read it, excellent! You should promise us to write a separate paper about it and referring to Nxt algo in part and putting a copy in arxiv.org for the technical audience to see as well!
I wished I could give you more, but alas my source is limited. I can give you 200K. Please provide your id.

PS: others videos, articles and translations that I omitted above can post the link to their effort attached with their Nxt id. in the big giveaway thread. I ll send another 100K for klee to continue the giveaway and in particular send you some coins over that thread!

Merry Christmas!

I am glad you are pleased with it. My account is 3394616525175328032

[salsacz]

Thank you all 

My NXT: 15003961341330858247

As I informed Byt, right now I am finishing a brand new video with much more decent graphics in cooperation with Ola who provides a professional voice over. Also we've got a new member of the video group - very experienced video explainer maker, so it seems like we will have more non-amateurish looking videos before the launch

I think it won't be a big problem to find another "rich" resources. If we cooperate a little, we can create a good material and spread Nxt worldwide.

In Peercoin volunteers group there are about 5 people working on 1 video (+ idea brainstorming of all community).

Merry Christmas

[salsacz]

Announcement


In the Nxteam googledoc there are 2 sheets about donation:

https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=2

"I want to donate"
- Donators can write there if they want to rent someone, create something, support any kind of help. - It also doesn't have to be specific wish.

Then:
"I want a donation"
- this is little experimental, but if someone thinks he is very special and looking for his donator, this is a place for him.

(I am updating those sheets because all these information are spread everywhere in the forums..)

Other helpers now have special sheets and there might be some more organized and paid jobs...

Now not only original stakeholders, but also Alias owners really need Nxt to success

[bybitcoin]

Thank you all 

My NXT: 15003961341330858247

As I informed Byt, right now I am finishing a brand new video with much more decent graphics in cooperation with Ola who provides a professional voice over. Also we've got a new member of the video group - very experienced video explainer maker, so it seems like we will have more non-amateurish looking videos before the launch

I think it won't be a big problem to find another "rich" resources. If we cooperate a little, we can create a good material and spread Nxt worldwide.

In Peercoin volunteers group there are about 5 people working on 1 video (+ idea brainstorming of all community).

Merry Christmas

Yes there are some other works in progress as I received pms but there was a pressure to assign and release the bounty prizes, to avoid despair, so I found Christmas a cheering coincidence for doing that!
It is possible to push the progress forward and achieve the targets step by step like what we have done in this thread and in the big promotion based giveaway, if other holders and active members step forward and help things out. Of course they do not have to send donations to my pool. They can make one for themselves and start defining projects and bounty prizes, or simply donating to good contributions case by case. Having a pool and a defined project list makes the process more constructive and target-based, also time sensitive.
I wish I could award to all the posted (or sent to me by pm) contributions, but my time is busy and my Nxt source is very limited. As a result I plan to lock my Nxt threads at the 3rd of January 2014. I hope the other members continue the way to Nxt great success!

PS: may I ask you lyynx, to upload your video to dropbox and post the link. I want to put it in the OP. The same request to all the awarded submissions (articles and the compilation in the pdf format please).

[lyynx]

Thank you all 

My NXT: 15003961341330858247

As I informed Byt, right now I am finishing a brand new video with much more decent graphics in cooperation with Ola who provides a professional voice over. Also we've got a new member of the video group - very experienced video explainer maker, so it seems like we will have more non-amateurish looking videos before the launch

I think it won't be a big problem to find another "rich" resources. If we cooperate a little, we can create a good material and spread Nxt worldwide.

In Peercoin volunteers group there are about 5 people working on 1 video (+ idea brainstorming of all community).

Merry Christmas

Yes there are some other works in progress as I received pms but there was a pressure to assign and release the bounty prizes, to avoid despair, so I found Christmas a cheering coincidence for doing that!
It is possible to push the progress forward and achieve the targets step by step like what we have done in this thread and in the big promotion based giveaway, if other holders and active members step forward and help things out. Of course they do not have to send donations to my pool. They can make one for themselves and start defining projects and bounty prizes, or simply donating to good contributions case by case. Having a pool and a defined project list makes the process more constructive and target-based, also time sensitive.
I wish I could award to all the posted (or sent to me by pm) contributions, but my time is busy and my Nxt source is very limited. As a result I plan to lock my Nxt threads at the 3rd of January 2014. I hope the other members continue the way to Nxt great success!

PS: may I ask you lyynx, to upload your video to dropbox and post the link. I want to put it in the OP. The same request to all the awarded submissions (articles and the compilation in the pdf format please).

Here is the dropbox link: https://www.dropbox.com/s/s4iti1sjl75g4ek/nxt-coin-introduction.mp4

[abuelau]

Hey guys,

Is there any bounty for a german translation of parts of the wiki/whitepaper/webpages?

Let me know,
TwinWinNerD

And likewise for Brazilian Portuguese.

Awesome, now we need only Korean and Indian people, if I count most important languages

Welcome to the https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=1 - the page will be revised soon.

Cool.

So it seems I need to contact "Joefox587" to get permission to translate the wiki (http://nxtcrypto.wikia.com/wiki/Nxt_Wiki). Do you know how to contact him so I can start the work?

[abuelau]

Hi All!

It was suggest that I post over here. I'm in the process of collecting donations/bounties to continue building out a 100+ public nodes in 10 different geographic locations. I've currently received donations for 50 nodes and have deployed 20 in 2 data centers. The other 30 just came in today so I'm deploying and coding as fast as the holiday will allow!

Current status:

- 10 nodes in Atlanta deployed
- 10 nodes in Northern Virgina deployed
- 10 nodes in Dallas in progress
- 10 nodes in Chicago queued
- 10 nodes in non-US location TBD queued

I'm deploying new nodes as I receive donations in chunks 3000 nxt. 3000 nxt covers 1 node for 3 months.

All donations will be held in the nxtbase account until the end of March. At the end of March, I'll reimburse myself for all fees occured. What this means, is that ratio of deployed nodes to donations is completely transparent. For example, if my account has 30K nxt, there will be 20 public nodes (10 for donation and 10 donated by me). So my work can be audited by the community. It could be at any given time a node or two is bust, but in general the running public nodes should equal balance/3000 + 10.

So if you would like to support the cause, please donate or pay a bounty to 11243542237777034551. PM if you want to be recognized for your donations!

Thanks for your support!

-Ferment

Nice work.

In the interest of diversification, I have also deployed a node in Ireland, and will deploy one additional node for every 3000 NXT I receive at the address 9060914620736248721

Thanks!

[salsacz]

So it seems I need to contact "Joefox587" to get permission to translate the wiki (http://nxtcrypto.wikia.com/wiki/Nxt_Wiki). Do you know how to contact him so I can start the work?

Everyone can update the Wiki, here is the info:

1. Create a new wiki, like:
http://nxt-cz.wikia.com/wiki/Nxt_Cz_Wiki
http://nxt-nl.wikia.com/wiki/Nxt_NL_Wiki

2. upload XML:
You can download the XML version of the wiki here: https://dl.dropboxusercontent.com/u/2948110/Nxt/NxtWiki-20131221231026.xml

Once you have this file, do the following on WIkia to import it:
- go to your ADMIN page for the -your language- wiki
- choose “advanced” from the tabs at the top of the page
- select “Import pages” (under “page tools”)
- Upload the XML file and submit

3. The XML is little old, so you can then copy some new menus straight from http://nxtcrypto.wikia.com/wiki/Nxt_Wiki

[BIT4BRAIN]

How does this make it the first POS coin?

[Come-from-Beyond]

How does this make it the first POS coin?

U missed "pure".

[Stark-Fujikawa]

Took me a while, but I finished one of the more important pages of the Dutch wiki; the FAQ page:

http://nxt-nl.wikia.com/wiki/FAQ

May still translate some of the other pages today, but the holidays will probably cut into my available time.

Edit: Another page done.

http://nxt-nl.wikia.com/wiki/Windows

And another one:

http://nxt-nl.wikia.com/wiki/Nxt_History

NXT:13307336450726014831

[Anon136]

Oops I forgot to post my address. Sorry about that

Thanks so much bybitcoin *edit* and everyone else who contributed!

here is my address 17286747867026237511

[wesleyh]

Thanks to all of you for contributing to this donation fund, my account id is:

3209075099254042753

I am in the process of developing some other cool stuff as well, will keep you updated in this thread.

Again, thank you, and merry christmas!

Wesley

[dudenohair]

Are there any bounties coming up? I hope I did not miss this train. I could do anything with photoshop, some average videos with adobe flash and video editing programs... Oh and I can translate anything to lithuanian.

[abuelau]

Ok guys, I've setup the Brazilian Portuguese Wiki, imported the XML with the english data and translated the Home Page.

URL is: http://nxtptbr.wikia.com/

I will continue to work on the other pages tonight and in the next few days.

If someone is feeling the Christmas spirit, donations are welcome: 9060914620736248721

Merry Christmas! 

[DLXS]

Any Spanish translation needed?

[pinarello]

please someone make this possible win win win ...

https://bitcointalk.org/index.php?topic=345619.msg4135535#msg4135535


Pin

[user1922]

Hello all,

Created a startup script for nxt for easy start and stop control of you nxt node.
1) create a user nxtuser using the following command:

Code:

adduser nxtuser

2) unpack nxt.zip:

Code:

cd /home/nxtuser && unzip nxt.zip

3) create the start.sh in the nxt folder: echo "java -jar start.jar -Djava.net.preferIPv4Stack=true" > /home/nxtuser/nxt/start.sh
4) Place the following script in /etc/init.d/nxt-local and you can start and stop it using the service and/or invoke-rc.d commands:

• service nxt-local start
• service nxt-local stop
• invoke-rc.d nxt-local start
• invoke-rc.d nxt-local start

Code:

#!/bin/sh
#
# NXT initscript
#

### BEGIN INIT INFO
# Provides:          nxt
# Required-Start:    $network $local_fs
# Required-Stop:.....
# Should-Start:......
# Should-Stop:.......
# Default-Start:     2 3 4 5
# Default-Stop:      0 1 6
# Short-Description: NXT node
### END INIT INFO

# PATH should only include /usr/* if it runs after the mountnfs.sh script
PATH=/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin
DESC="NXT node"
NAME=nxt
USER=nxtuser
PREFIX="/home/nxtuser/nxt"
DAEMON="$PREFIX"/start.sh
PIDFILE=/var/run/$NAME.pid

# Exit if the package is not installed
[ -x "$DAEMON" ] || exit 0

# Define LSB log_* functions.
# Depend on lsb-base (>= 3.0-6) to ensure that this file is present.
. /lib/lsb/init-functions

# Exit if USER not specified
if [ ! $USER ]; then
        log_failure_msg "$NAME: The user '$USER' does not exist."
        exit 1
fi

# Check for an invalid user or one without a home directory
eval USERHOME=~$USER
if [ "${USERHOME#/}" = "${USERHOME}" ]; then
        log_failure_msg "$NAME: The user '$USER' has no home folder."
        exit 1
fi

#
#       Function that starts the daemon/service.
#
do_start() {
    ulimit -d 1000000
    ulimit -m 1000000
    ulimit -v 4000000
    start-stop-daemon --start --background --make-pidfile --pidfile $PIDFILE \
        --chuid ${USER} --chdir ${PREFIX} --startas "$DAEMON" -- $DAEMON_ARGS
}

#
#       Function that stops the daemon/service.
#
do_stop() {
    start-stop-daemon --stop --quiet --retry=TERM/30/KILL/5 --pidfile $PIDFILE
    RETVAL="$?"
    [ "$RETVAL" = 2 ] && return 2               # still running!
    [ -e $PIDFILE ] && rm -f $PIDFILE
    return "$RETVAL"
}

case "$1" in
    start)
        log_daemon_msg "Starting $DESC" "$NAME"
        do_start
        ;;
    stop)
        log_daemon_msg "Stopping $DESC" "$NAME"
        do_stop
        case "$?" in
            0)
                log_end_msg 0
                ;;
            1) log_warning_msg "$DESC" "'$NAME'" "was already stopped" ;;
            2) log_end_msg 1 ;;
        esac
        ;;
    restart|force-reload)
        #
        #       If the "reload" option is implemented, move the "force-reload"
        #       option to the "reload" entry above. If not, "force-reload" is
        #       just the same as "restart".
        #
        log_daemon_msg "Restarting $DESC" "$NAME"
        do_stop
        case "$?" in
            0|1)
                sleep 1
                do_start
                case "$?" in
                        0) log_end_msg 0 ;;
                        1) log_end_msg 1 ;; # Old process is still running
                        *) log_end_msg 1 ;; # Failed to start
                esac
                ;;
            *)
                # Failed to stop
                log_end_msg 1
                ;;
        esac
        ;;
    *)
        echo "Usage: $0 {start|stop|restart|force-reload}" >&2
        exit 3
        ;;
esac

Donations and or tips in NXT are welcome: 18042830205624436809

[Stark-Fujikawa]

Translated some more pages for the Dutch wiki/

http://nxt-nl.wikia.com/wiki/Alias_System
http://nxt-nl.wikia.com/wiki/How-To:CreateAccount
http://nxt-nl.wikia.com/wiki/Transparent_Mining
http://nxt-nl.wikia.com/wiki/Linux

Making solid progress on the project.

[opticalcarrier]

wow.  not even a "cool, nice job, thanks for all the work"
you're welcome anyways.  like I said, I did it all b/c it was good for nxt.  working on getting my article published on coinddesk as we speak, ill let everyone know when it goes live

[Anon136]

wow.  not even a "cool, nice job, thanks for all the work"
you're welcome anyways.  like I said, I did it all b/c it was good for nxt.  working on getting my article published on coinbase as we speak, ill let everyone know when it goes live

link pls

[opticalcarrier]

wow.  not even a "cool, nice job, thanks for all the work"
you're welcome anyways.  like I said, I did it all b/c it was good for nxt.  working on getting my article published on coindesk as we speak, ill let everyone know when it goes live

link pls

pg 6 of this thread https://bitcointalk.org/index.php?topic=345773.msg3980304#msg3980304

[mcjavar]

Hi! Just wanted to remind you, that there is a guy on the Nxtalk chat (http://webchat.freenode.net/?channels=#) named j0b , who helped last night to investigate on the issue with the huge transaction fee and the incorrect amounts bug. He already discovered a bug before (https://bitcointalk.org/index.php?topic=345619.msg4102610;topicseen#msg4102610) with ZjP.
Although 2Kool4Skewl and me provided his accountnumber earlier and asked for some bounties, he only received 650 Nxt. I would like to ask everyone, especially the guys with 10+M accounts to appreciate such contribution and send some Nxt to j0b and all fellows who help discover bugs and help this project succeed. If we loose them, we loose the project.

His account number is 13570469120032392161

Thank you!

ps: I´ve already sent him some to show my appreciation

[bybitcoin]

Hi! Just wanted to remind you, that there is a guy on the Nxtalk chat (http://webchat.freenode.net/?channels=#) named j0b , who helped last night to investigate on the issue with the huge transaction fee and the incorrect amounts bug. He already discovered a bug before (https://bitcointalk.org/index.php?topic=345619.msg4102610;topicseen#msg4102610) with ZjP.
Although 2Kool4Skewl and me provided his accountnumber earlier and asked for some bounties, he only received 650 Nxt. I would like to ask everyone, especially the guys with 10+M accounts to appreciate such contribution and send some Nxt to j0b and all fellows who help discover bugs and help this project succeed. If we loose them, we loose the project.

His account number is 13570469120032392161

Thank you!

ps: I´ve already sent him some to show my appreciation

Okay I need one more confirmation from 2Kool4Skewl and then I ll send this guy 10000 Nxt to the provided account by you.
Sure, we shouldn't lose skilled helpful people!

[bybitcoin]

Important News:
I decided to put aside 60K from our donation pool for the rasspery pi idea, if Become-from-Beyond and other devs currently involved affirm its practicality (I new CfB did affirmed implicitly, but I need a stronger accent on the matter):
40K will be donated to the mentioned foundation to let it start on their site.
20K for the first 2000 RP users who place a node using RP, each receiving 10 Nxt as been offered by the introducer.

I can release the fund as soon as it gets a constructive running plan (and a guy to handle sending 10Nxt to each new user, I can't do this part)

[klee]

bybitcoin I think it is time to end my giveaway (after I review some remaining efforts), calculate what I have spend so far and the remaining will be added to your BOUNTY pool which right now I think it is more important.

I will try to make a list with developers who will be paid by me and maybe in part from your Bounty fund in order to AUDIT the code after it is open sourced ASAP!!!

It could be even better if we can do this 1-2 days BEFORE!

I hope BCNext will agree to do so, they will be very carefully selected developers and the time they will have to copy/paste the project (even if they are malicious) will not be big enough!

What do you think (and others)?

[bybitcoin]

bybitcoin I think it is time to end my giveaway (after I review some remaining efforts), calculate what I have spend so far and the remaining will be added to your BOUNTY pool which right now I think it is more important.

I will try to make a list with developers who will be paid by me and maybe in part from your Bounty fund in order to AUDIT the code after it is open sourced ASAP!!!

It could be even better if we can do this 1-2 days BEFORE!

I hope BCNext will agree to do so, they will be very carefully selected developers and the time they will have to copy/paste the project (even if they are malicious) will not be big enough!

What do you think (and others)?

Okay then I lock up the giveaway thread (to avoid more posters and continuation of work for you). Please provide the list and explanation of  of sendings to last promoters in a single long text and pm it for me, that I post as the last one in that thread (5 second unlock-then lock again), and that gets our giveaway done!

You don't need to calculate the sendings, I trust you, just tell me if anything is remained from the 200K I sent you before or not.
Sure we can fund the open source audition in part: I can give 100K from our pool for that.

[klee]

bybitcoin I think it is time to end my giveaway (after I review some remaining efforts), calculate what I have spend so far and the remaining will be added to your BOUNTY pool which right now I think it is more important.

I will try to make a list with developers who will be paid by me and maybe in part from your Bounty fund in order to AUDIT the code after it is open sourced ASAP!!!

It could be even better if we can do this 1-2 days BEFORE!

I hope BCNext will agree to do so, they will be very carefully selected developers and the time they will have to copy/paste the project (even if they are malicious) will not be big enough!

What do you think (and others)?

Okay then I lock up the giveaway thread (to avoid more posters and continuation of work for you). Please provide the list and explanation of  of sendings to last promoters in a single long text and pm it for me, that I post as the last one in that thread (5 second unlock-then lock again), and that gets our giveaway done!

You don't need to calculate the sendings, I trust you, just tell me if anything is remained from the 200K I sent you before or not.
Sure we can fund the open source audition in part: I can give 100K from our pool for that.

https://bitcointalk.org/index.php?topic=345619.msg4143847#msg4143847

Wait until we clear things out with Anon!

[klee]

Lock the giveaway thread, Anon will make a new one!

I will make a thread trying to coordinate and fund people who contribute technically to the project...

[bybitcoin]

Lock the giveaway thread, Anon will make a new one!

I will make a thread trying to coordinate and fund people who contribute technically to the project...

Yes a new thread is much better, just for closing the profile, could you tell me approximately how much is remained from the giveaway pool I gave you before, if there remained anything at all (I take note of the donation pool activity for a later report to involved donators)

[bybitcoin]

I am arriving to the conclusion that maybe I should invest some Nxt to employ some developers for coding, designing and running a full functional Nxt/BTC exchange for me. And I can pay up to 1 million for an excellent implementation (+internal poker client attached). Just an idea

We should have a secure full automated exchange for Nxt, otherwise it will not get wide adoption at initial stages

[klee]

Lock the giveaway thread, Anon will make a new one!

I will make a thread trying to coordinate and fund people who contribute technically to the project...

Yes a new thread is much better, just for closing the profile, could you tell me approximately how much is remained from the giveaway pool I gave you before, if there remained anything at all (I take note of the donation pool activity for a later report to involved donators)

Ok, after a quick summary (it needs re-check from me and/or others) I spend 129,450NXT, so the remaining is 70,550NXT.

I will give 40K of them to Anon to continue with his Giveaway (price got higher so it will be a good start) and I will complete any leftovers with the rest 30K.

If I will need more I will provide them, if I need less I can pass them to you bybitcoin or to Anon or for my funding for devs.

In any case we need more early adopters to help fund these pools!

I will always help as much as I can...

[klee]

I am arriving to the conclusion that maybe I should invest some Nxt to employ some developers for coding, designing and running a full functional Nxt/BTC exchange for me. And I can pay up to 1 million for an excellent implementation (+internal poker client attached). Just an idea

We should have a secure full automated exchange for Nxt, otherwise it will not get wide adoption at initial stages

I have lobbied the guys from Diamond Circle, Danny from Neo&Bee, Cryptsy and the guys behind https://www.masterxchange.com (DarkEmi & ElDido).
I told the last ones to claim a bounty here too but we have no news yet.

I can help with this bounty too, especially if the exchange can provide NXT/fiat - in this direction I think we should ask the guys at https://coinmkt.com/ too.

[bybitcoin]

I am arriving to the conclusion that maybe I should invest some Nxt to employ some developers for coding, designing and running a full functional Nxt/BTC exchange for me. And I can pay up to 1 million for an excellent implementation (+internal poker client attached). Just an idea

We should have a secure full automated exchange for Nxt, otherwise it will not get wide adoption at initial stages

I have lobbied the guys from Diamond Circle, Danny from Neo&Bee, Cryptsy and the guys behind https://www.masterxchange.com (DarkEmi & ElDido).
I told the last ones to claim a bounty here too but we have no news yet.

I can help with this bounty too, especially if the exchange can provide NXT/fiat - in this direction I think we should ask the guys at https://coinmkt.com/ too.

Well I pay one million to developers to make an exchange for me
Why already existed exchanges need bounty prizes to include Nxt in their platform?? BTC, fiat and the Nxt earned from trades fee can bust their income.

PS: I am agreed with your plan about the remaining 70550 Nxt from the big giveaway, and thank you for your help!

[opticalcarrier]

bybitcoin I think it is time to end my giveaway (after I review some remaining efforts), calculate what I have spend so far and the remaining will be added to your BOUNTY pool which right now I think it is more important.

I will try to make a list with developers who will be paid by me and maybe in part from your Bounty fund in order to AUDIT the code after it is open sourced ASAP!!!

It could be even better if we can do this 1-2 days BEFORE!

I hope BCNext will agree to do so, they will be very carefully selected developers and the time they will have to copy/paste the project (even if they are malicious) will not be big enough!

What do you think (and others)?

it would be nice for the moderators of each section on the forums at nextcoin.org would be given a little bounty.  Most especially the mods in the language sections who were translators who have worked very hard translating my content at the forums site for all their native language folks.

[klee]

I am arriving to the conclusion that maybe I should invest some Nxt to employ some developers for coding, designing and running a full functional Nxt/BTC exchange for me. And I can pay up to 1 million for an excellent implementation (+internal poker client attached). Just an idea

We should have a secure full automated exchange for Nxt, otherwise it will not get wide adoption at initial stages

I have lobbied the guys from Diamond Circle, Danny from Neo&Bee, Cryptsy and the guys behind https://www.masterxchange.com (DarkEmi & ElDido).
I told the last ones to claim a bounty here too but we have no news yet.

I can help with this bounty too, especially if the exchange can provide NXT/fiat - in this direction I think we should ask the guys at https://coinmkt.com/ too.

Well I pay one million to developers to make an exchange for me
Why already existed exchanges need bounty prizes to include Nxt in their platform?? BTC, fiat and the Nxt earned from trades fee can bust their income.

PS: I am agreed with your plan about the remaining 70550 Nxt from the big giveaway, and thank you for your help!

I saw somewhere a bounty for an exchange - the only ones that I told to claim bounty were the guys from masterexchange (the others don't need ).

[bybitcoin]

I assign 90K from our pool for 30 more public nodes to support the network.
Details are here: https://bitcointalk.org/index.php?topic=345619.msg4144494#new

[Stark-Fujikawa]

bybitcoin I think it is time to end my giveaway (after I review some remaining efforts), calculate what I have spend so far and the remaining will be added to your BOUNTY pool which right now I think it is more important.

I will try to make a list with developers who will be paid by me and maybe in part from your Bounty fund in order to AUDIT the code after it is open sourced ASAP!!!

It could be even better if we can do this 1-2 days BEFORE!

I hope BCNext will agree to do so, they will be very carefully selected developers and the time they will have to copy/paste the project (even if they are malicious) will not be big enough!

What do you think (and others)?

it would be nice for the moderators of each section on the forums at nextcoin.org would be given a little bounty.  Most especially the mods in the language sections who were translators who have worked very hard translating my content at the forums site for all their native language folks.

Would be nice. I estimate I've translated over half of the wiki so far, but have seen no donation yet in return. Did receive something last week for the translation of the "What is Nxt?" article an I am very thankful of that, but the wiki work I've completed has been much more work intensive so far. I'm not going to throw a tantrum over this and am still dedicated to completing the project, but some appreciation would be immensely cool.

[mcjavar]

I am arriving to the conclusion that maybe I should invest some Nxt to employ some developers for coding, designing and running a full functional Nxt/BTC exchange for me. And I can pay up to 1 million for an excellent implementation (+internal poker client attached). Just an idea

We should have a secure full automated exchange for Nxt, otherwise it will not get wide adoption at initial stages

That is a good idea, but imagine what could have been happen yesterday when the guy generated billions of nxt out of the air, if there was an automated exchange... For now, it is better not to have everything automated I think... What do you think about that?

[lyynx]

Once I receive my bounty for the video I will be sponsoring a giveaway via the YouTube channel. I also need to track down what became of the NXT that I and a couple of other individuals donated for a giveaway thread on NxtCoin.org as the OP is gone and I believe only a small portion was used, perhaps the remainder can be passed on via an new bounty or giveaway threads.

[Meizirkki]

...

Here's a Finnish translation of opticalcarriers introduction to NXT

Mikä on NXT?

Nxt on toisen sukupolven kryptovaluutta. Markkinoille on syntynyt viimeaikoina paljon vaihtoehtovaluutoja. Useimmat niistä perustuvat suoraan Bitcoinin lähdekoodiin, muuttaen lähinnä vain nimen, louhinta-algoritmin ja muutamia muita yksityiskohtia. Nxt on sen sijaan luotu puhtaalta pöydältä tuomaan paljon uutta ja erikoista kryptovaluuttojen maailmaan.

1.  Se ei ole Bitcoinin koodiin pohjautuva vaihtoehtovaluutta, kuten esimerkiksi Litecoin ja Peercoin. Sen koodi on kirjoitettu alustapitäen ja on ensimmäinen laatuaan.

2.  Se perustuu sataprosenttisesti "proof of stake" mekanismiin, Bitcoinin ja lähes kaikkien muiden kryptovaluuttojen "proof of work" mekanismin sijasta. Tämän ansiosta niin kutsuttu 51%-hyökkäys ja muut kryptovaluutan mainaamiseen liittyvät uhat eivät päde. Suurin etu tässä metodissa on kuitenkin sen energiatehokkuus, sillä Nxt ei vaadi suurta ja alati kasvavaa laskentatehoa verkkonsa turvaamiseen.

3.  Lopullisen julkaisunsa aikaan Tammikuussa 2014, NXT sisältää tärkeän ominaisuuden: "Läpinäkyvän mainaamisen". Tämä tulee mahdollistamaan kyvyn käsitellä valtavia määriä transaktioita lyhyessä ajassa. Nxt tähtää yhtä nopeaksi kuin luottokorttiyhtiöiden palvelu. Se on jotain, mihin mikään muu kryptovaluutta ei kykene. Teknisemmin selitettynä, Nxt -protokollan läpinäkyvyys mahdollistaa transaktioiden välityksen juuri sille vertaiselle, joka mainaa seuraavan lohkon. Sama ominaisuus mahdollistaa myös transaktiomaksujen reaaliaikaisen määrityksen tärkeille transaktioille. Läpinäkyvä mainaus lisää myös turvallisuutta. Verkko voi sen avulla havaita likaista toimintaa harjoittavan mainaajan, joka kieltäytyy luomasta lohkoa silloin kun hänen pitäisi. Hyökkääjä saa omistaa vaikka 90% verkosta ja silti hänen toimintansa verkon haittaamiseksi voidaan estää. Muut vertaiset poistavat hyökkääjälta laskentatehon ja jakavat työt rehellisille vertaisille.

4.  Se tarjoaa sisäänrakennetun tuen lisäominaisuuksille, kuten vertaisverkossa toimivalle pörssille, värjätyille kolikoille, viesteille, p2p DNS palvelulle jne. Selitämme nämä ominaisuudet tarkemmin myöhemmin tässä artikkelissa.

5.  Se julkaistiin kuukausia etukäteen, toisin kuin lähes kaikki muut kryptovaluutat. Genesislohkoon syötettiin 21 Bitcoinia, joista Nxt:n koko miljardin kolikon kakku on luotu. 71 suurta omistajaa ovat vastuussa näiden kolikoiden jakamisesta. Koska PoS valuuttaa ei voi luoda mainaamalla, tämä on ainoa tapa luoda kolikot. Nxt on listattuna sivustolla http://coinmarketcap.com/ ja ihmiset vaihtavat niitä foorumeilla, sekä väliaikaisessa pörssissä osoitteessa http://www.dgex.com.

Vertaisverkossa toimiva pörssi
Kuinka me vaihdamme kryptovaluuttaa nyt? Sinun tulee rekisteröityä pörssiin, vaihtaa valuutta ja maksaa heille välityspalkkiota. Pörssejä on ryöstetty ja osa pörsseistä on mystisesti suljettu, rahojen kadotessa omille teilleen. Nxt -valuuttaan suunnitelu ominaisuus mahdollistaa valuutanvaihdon vertaisverkossa ilman pörssejä ja välityspalkkioita! Tämä toteutetaan toki turvallisen ja anonyymin kryptografian pohjalle, kuten Bitcoin transaktiot.

Muut vertaisverkossa toimivat palvelut
Pörssi oli vasta alkusoittoa. Samalla teknologialla on mahdollista toteuttaa vaikka mitä! Kehittäjät ovat rakentamassa myös vertaisverkossa toimivaa DNS-palvelua kilpaillakseen Namecoinin kanssa. Tulevaisuudessa voimme myös odottaa turvallista ja anonyymiä pikaviestittelyä. Kunnianhimoisimmat voivat maalata kuvia täysin anonyymeistä websivuista, kuten vaikka anonyymistä verkkokaupasta anonyymeillä maksutavoilla ja anonyymeihin pikaviesteihin pohjautuvalla tukichatilla. Kaikki tämä pohjautuen turvalliseen, salattuun ja peruuttamattomaan kryptografiaan!

Värjätyt kolikot
Seuraavana kaikkein mielenkiintoisimpia ominaisuuksia: värjätyt kolikot. Ymmärtääkseen tämän tulee paneutua Bitcoinin toimintatapaan. Jokaisella kolikolla on oma historia ja kaikkien kolikoiden alkuperä ja reitti on täysin julkista tietoa. Nxt -protokollassa ominaisuus otetaan hyötykäyttöön ja omistaja voi "värjätä" omat kolikkonsa. Värjäämällä voi luoda sillan kryptomaailman ja oikean maailman välille, esimerkiksi merkitsemällä kolikkonsa vastaamaan osakkeita tai lähes mitä tahansa.

Ympäristöystävällisyys
Proof of Stake algoritmi tuo mukanaan ympäristöystävällisyyden. Kaikki tietävät, että Proof of Work -algoritmia käyttävän Bitcoin-verkon turvaaminen vaatii alati kasvavan laskentatehon. Juuri nyt tuhannet mainaaja ympäri maapalloa tuhlaavat hurjan määrän energiaa verkon ylläpitoon. Nxt ei vaadi perinteistä mainausta toimiakseen, sillä lohkon luoja määrittyy laskentatehon sijaan omistusosuudella. Kaikki kolikot on luotu jo valuutan syntyhetkellä, ja vertaiset kilpailevatkin ainoastaan transaktiomaksuista.

Tarkempaa tietoa Proof of Stake -menetelmästä
Siinä missä Proof of Work luo lohkoja laskentatehon perusteella, Proof of Stake luo lohkoja rahamäärään pohjautuen. Mitä enemmän kolikoita omistat, sen suuremmalla todennäköisyydellä luot lohkon. Jos omistat miljoona kolikkoa, todennäköisyytesi luoda lohko on yksi tuhannesta. Siis kolikoidesi määrä jaettuna kolikoiden kokonaismäärällä. Tässätapauksessa miljoona kolikkoa jaettuna kokonaismäärä miljardilla.

Nippelitietoa NXT-valuutasta
Nxt lompakko on niinkutsuttu "aivolompakko". Luodessasi lompakkoa määrität salasanan jolla pääset kolikoihisi käsiksi. Salasana itsessään on lompakkosi, ja sen tulee olla pomminvarma. Kuka tahansa, joka sen tietää saattaa viedä kolikkosi.

Mainataksesi kolikoita sinulla tulee olla vertainen päällä ja avoinna liikenteelle.

Ohjelma on tehty Javalla, ja tällähetkellä suljettua koodia. Osa koodista on saatavilla kehittäjiltä (pyynnöstä). Koko lähdekoodi julkaistaan tammikuussa 2014.

Nxt ei ole 100% esimainattu, vaan koko valuutta on synnytetty genesislohkossa. PoS järjestelmä ei kykene jakamaan kolikoita mainauseen pohjautuen.

Nxt virallinen keskusteluketju Bitcointalkissa on löydettävissä englanniksi osoitteessa https://bitcointalk.org/index.php?topic=345619.0

Every coin appreciated: 2188420453403939369

[NxtChoice]

I already announced the assignement of our bounty prizes to 3 winners (+100K to wesleyh for his Mac client, and 200K for Anon136 for his initialization of Nxt algo). The video bounty winner produced by lyynx is an awesome short introduction: https://www.youtube.com/watch?v=IsKPyq_zL5g

And I already assigned 60K for the rasspery pi public nodes idea, previously posed here.
Also 10K for the guy who helped to remove several buggs, if it be confirmed first, I am not fully informed about the truth. For details please refer to our bounty thread.

And here I place 90K for 30 public nodes to be placed in different geographical places, 3 months period!!!
(and hope these public nodes allow me to access them as well, most of them deny and inform "Matrix has you..." that means shit!

To my best knowledge, I'm the first to propose and post Nxt on Pi at both bitcointalk and nextcoin.org. And I also had an experiment on that though it's a little slow. The good news today I know is so great progress on it by so many great guys during the last 24 hours.

and also at nextcoin.org   https://nextcoin.org/index.php/topic,664.msg6909.html#msg6909

Look forward to the NxtPI network!

Raspberry PI Forging.

I'm syncing the blockchain on Raspberry PI. It's so slow.

Anyone who runs Nxt on PI?

@nxtbase, it seems nxtbase has some problem to run on PI, but I'm not sure whether it is caused by ruby or something.  BTW, it seems bin/unlock doesn't support bracket as passphrase.

[psybits]

Hi guys

You can see the first report from our NXT press release here (with over 300 news outlets the PR was published on): http://www.datafilehost.com/d/f2c4512a

Other notable mentions (please check the twitter link at the bottom):

http://finance.yahoo.com/news/bitcoin-descendant-nxt-features-100-051500739.html

http://bitcoinprbuzz.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://bitcoin.alltop.com/

http://cryptocoinupdates.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/#more-840

https://www.facebook.com/nxtcrypto

http://www.hypebuzz.com/search.php?q=bitcoin

http://bitcoin-tech.com/blogs/entry/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations

http://coinminded.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://virtualmining.com/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more/

http://www.topix.com/economics/bitcoin/2013/12/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more

http://topbitcoinnews.com/bitcoin-descendant-nxt-features

Twitter: https://twitter.com/search?q=%22bitcoin%20descendant%20nxt%22&src=typd&f=realtime

http://newsbitcoin.com/?p=28433

http://cryptocoin.ws/?s=nxt

This press release was partially funded by 0.4 BTC in donations.

Any donations in NXT for this campaign, and to fund further campaigns, are welcome.

Please PM me to organise

[ViktorK]

I assign 90K from our pool for 30 more public nodes to support the network.
Details are here: https://bitcointalk.org/index.php?topic=345619.msg4144494#new

Sorry, don't know in which topic i need to post my question.
Where I need to place information about created public nodes here or in main Nxt thread? I created one (hope on forevew), and plan to add 2-3 more at nearest days.

[bybitcoin]

Hi guys

You can see the first report from our NXT press release here (with over 300 news outlets the PR was published on): http://www.datafilehost.com/d/f2c4512a

Other notable mentions (please check the twitter link at the bottom):

http://finance.yahoo.com/news/bitcoin-descendant-nxt-features-100-051500739.html

http://bitcoinprbuzz.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://bitcoin.alltop.com/

http://cryptocoinupdates.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/#more-840

https://www.facebook.com/nxtcrypto

http://www.hypebuzz.com/search.php?q=bitcoin

http://bitcoin-tech.com/blogs/entry/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations

http://coinminded.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://virtualmining.com/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more/

http://www.topix.com/economics/bitcoin/2013/12/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more

http://topbitcoinnews.com/bitcoin-descendant-nxt-features

Twitter: https://twitter.com/search?q=%22bitcoin%20descendant%20nxt%22&src=typd&f=realtime

http://newsbitcoin.com/?p=28433

http://cryptocoin.ws/?s=nxt

This press release was partially funded by 0.4 BTC in donations.

Any donations in NXT for this campaign, and to fund further campaigns, are welcome.

Please PM me to organise

Nice presses, but I expect you to find a way into wallstreet journal and preferably zerohedge news board.
About the financing, I can give you 100K Nxt for a guaranteed plan of extended media coverage.
100K Nxt is worth more than 11 BTC right now, that is ~$8000 at the current BTC price. I can sell them and hand over BTC or $ instead, but if you accept to receive Nxt, then that means you received ~$8000, no matter how Nxt or BTC price would go to in future.
Please let me know.

PS: I am waiting for one more guy to inform his id. to send all the bounty assignments then, anyway I ll do it before the new year for sure.

[bybitcoin]

And finally I decided to donate 100K to nexern for his excellent explorer and also his whole contribution to Nxt project.
Actually he has not asked for any bounty, as he also offered me some part of his received donations to be used here (which I declined)
but if we are not to award and thank people like nexern, then whom we should do.
I am aware that 100K comapred with other bounties I assigned before looks unfair since he has contributed a lot, but the problem is that I assigned those before when the price was much much lower, and I won't change my word after huge rise in Nxt price.
Now my donation source is approaching zero and 100K is what I am really able to donate nexern

So nexern, please post your account id. here, so I send your 100K along with other bounty payments.
Thank you buddy, please continue the good work!

[Come-from-Beyond]

And finally I decided to donate 100K to nexern for his excellent explorer and also his whole contribution to Nxt project.
Actually he has not asked for any bounty, as he also offered me some part of his received donations to be used here (which I declined)
but if we are not to award and thank people like nexern, then whom we should do.
I am aware that 100K comapred with other bounties I assigned before looks unfair since he has contributed a lot, but the problem is that I assigned those before when the price was much much lower, and I won't change my word after huge rise in Nxt price.
Now my donation is approaching zero and 100K is what I am really able to donate nexern

So nexern, please post your account id. here, so I send your 100K along with other bounty payments.
Thank you buddy, please continue the good work!

+1'000'000'000

[rb2]

Would nextcoinbox be eligible for a bounty reward?
It is a live CD that boots directly to a browser, from which the user can access the automatically started nxt node.
Check it out at http://nextcoinbox.github.io/nextcoinbox/

If this is elligible for a bounty reward, my account is 5817701098347234807

thx!

[lyynx]

3 Days and my video is at 2,100+ views on YouTube, I guess the forums will be busy with the influx of New Account questions. https://www.youtube.com/watch?v=IsKPyq_zL5g

[joefox]

So it seems I need to contact "Joefox587" to get permission to translate the wiki (http://nxtcrypto.wikia.com/wiki/Nxt_Wiki). Do you know how to contact him so I can start the work?

PM me! I'm still doing Family Xmas but will be free later today. I have a lot of wiki updates to make and a few translations to set up, including yours

[ferment]

Node deployment update! (cross post from main thread)

Despite being in a general state of overstuffedness, I managed to deploy 20 more nodes this morning!

node41-node50 in Hong Kong
node51-node60 in Sydney

That's 60 nodes in 6 different geographic locations!

Status

Nodes deployed: 61
Nodes queued: 22

Data centers: Atlanta, Dallas, Chicago, Northern VA, Hong Kong, Sydney

Sponsorship

Today I received another 12000 nxt that will cover 4 more nodes until the end of March! Thank you!

To reach the goal of 100 public nodes by Jan 3, we need only 51K nxt! So close! To support increased network robustness, please send 3000 nxt to 11243542237777034551 to sponsor a node until the end of March. Vanity nodes are available for 4500 nxt with your own hallmark and name.

Thank you to everyone working so hard to help NXT be a success.

Time to make the nodes.

[abuelau]

Nodes from my side:

Nodes deployed: 10
Location: All in Sao Paulo, Brazil

Ready to setup another 10 nodes. I am considering Japan or Latin America, which one is best?

[Anon136]

did anyone else receive a bounty payout?

[ViktorK]

I added one more node - 31.204.130.123

So from my side only 2 nodes, both non-hallamked:
Netherlands - 31.204.130.123
USA - 31.220.50.208 (on this node https on 7885)

Planning to add 2 more, may be one in Ukraine, one in Kazahstan.

[bybitcoin]

did anyone else receive a bounty payout?

Are you in hurry for dump-selling?
As I said I ll send soon.

[Anon136]

did anyone else receive a bounty payout?

Are you in hurry for dump-selling?
As I said I ll send soon.

Oh sorry I must have missed that message. Not dump selling, i believe in NXT. I am however selling just enough to cover my initial investment. 80k left to go at these prices and i can sleep like a baby at night knowing i have nothing to lose

[ferment]

Sponsorship

To reach the goal of 100 public nodes by Jan 3, we need only 51K nxt! So close! To support increased network robustness, please send 3000 nxt to 11243542237777034551 to sponsor a node until the end of March. Vanity nodes are available for 4500 nxt with your own hallmark and name.

25k Nxt sent to open more nodes. Please post an update with the node info after they've been setup. Thanks ferment, you rock!

Received! Thank you. I also received another 6500 nxt anonymously so that leaves only 19500 nxt to sponsor 100 public nodes!

[joefox]

Two things:

1)  Do we need public nodes in Canada?  If so, let me know and I'll start setting some up.  Currently looking at VPS provider options.

2)  I posted this at nextcoin but will repost here:  as the current admin of the Nxt Wikia site I know there's a push to have a permanent home for the wiki.  The folks who are running nxtcrypto.org want one set up and I can offer my hosting account (already paid for and maintained, PLUS I can add Cloudflare support) as the destination for the wiki.nxtcrypto.org DNS A record.  I'm eager to get this up and running in a Forever Home because more people are asking me to help them translate the wiki and having a permanent home will just make logistics easier.  I believe opticalcarrier and 2Kool4Skewl are looking after nxtcrypto.org DNS, so I'm hoping one of them see this.  I can be set up very quickly.

[ferment]

Even more nodes deployed!

Just deployed 10 nodes to London! That's node61-node70.

That's 71 nodes in 7 different geographic locations!

Up nxt: TOKYO! Ii desu yo!

Status

Nodes deployed: 71
Nodes queued: 22

Data centers: Atlanta, Dallas, Chicago, Northern VA, Hong Kong, Sydney, London

Sponsorship

Since the last update I have received 31500 NXT for 10.3 more nodes until the end of March! Thank you!

To reach the goal of 100 public nodes by Jan 3, we need only 22500 nxt! So close! To support increased network robustness, please send 3000 nxt to 11243542237777034551 to sponsor a node until the end of March. Vanity nodes are available for 4500 nxt with your own hallmark and name.

Thank you to everyone working so hard to help NXT be a success.

[ferment]

Even EVEN more nodes deployed!

Just deployed 10 nodes to Toyko! That's node71-node80. DNS is still rolling out.

That's 81 nodes in 8 different geographic locations!

Up nxt: California!

Status

Nodes deployed: 81
Nodes queued: 12

Data centers: Atlanta, Dallas, Chicago, Northern VA, Hong Kong, Sydney, London, Toyko

Sponsorship

To reach the goal of 100 public nodes by Jan 3, we need only 22'500 nxt! So close! To support increased network robustness, please send 3000 nxt to 11243542237777034551 to sponsor a node until the end of March. Vanity nodes are available for 4500 nxt with your own hallmark and name.

Thank you to everyone working so hard to help NXT be a success.

[2Kool4Skewl]

Hi guys

You can see the first report from our NXT press release here (with over 300 news outlets the PR was published on): http://www.datafilehost.com/d/f2c4512a

Other notable mentions (please check the twitter link at the bottom):

http://finance.yahoo.com/news/bitcoin-descendant-nxt-features-100-051500739.html

http://bitcoinprbuzz.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://bitcoin.alltop.com/

http://cryptocoinupdates.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/#more-840

https://www.facebook.com/nxtcrypto

http://www.hypebuzz.com/search.php?q=bitcoin

http://bitcoin-tech.com/blogs/entry/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations

http://coinminded.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://virtualmining.com/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more/

http://www.topix.com/economics/bitcoin/2013/12/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more

http://topbitcoinnews.com/bitcoin-descendant-nxt-features

Twitter: https://twitter.com/search?q=%22bitcoin%20descendant%20nxt%22&src=typd&f=realtime

http://newsbitcoin.com/?p=28433

http://cryptocoin.ws/?s=nxt

This press release was partially funded by 0.4 BTC in donations.

Any donations in NXT for this campaign, and to fund further campaigns, are welcome.

Please PM me to organise

The community asked you to please wait until we had the website put together and Nxt was open sourced.  Why did you run the press releases early?

[psybits]

Hi guys

You can see the first report from our NXT press release here (with over 300 news outlets the PR was published on): http://www.datafilehost.com/d/f2c4512a

Other notable mentions (please check the twitter link at the bottom):

http://finance.yahoo.com/news/bitcoin-descendant-nxt-features-100-051500739.html

http://bitcoinprbuzz.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://bitcoin.alltop.com/

http://cryptocoinupdates.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/#more-840

https://www.facebook.com/nxtcrypto

http://www.hypebuzz.com/search.php?q=bitcoin

http://bitcoin-tech.com/blogs/entry/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations

http://coinminded.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://virtualmining.com/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more/

http://www.topix.com/economics/bitcoin/2013/12/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more

http://topbitcoinnews.com/bitcoin-descendant-nxt-features

Twitter: https://twitter.com/search?q=%22bitcoin%20descendant%20nxt%22&src=typd&f=realtime

http://newsbitcoin.com/?p=28433

http://cryptocoin.ws/?s=nxt

This press release was partially funded by 0.4 BTC in donations.

Any donations in NXT for this campaign, and to fund further campaigns, are welcome.

Please PM me to organise

The community asked you to please wait until we had the website put together and Nxt was open sourced.  Why did you run the press releases early?

This is the first of many press releases for NXT - I made sure I had bybitcoin's approval to run this particular campaign when we did.

The next press release will be after NXT has been made open source, and to announce this to the wider community and the world.

[2Kool4Skewl]

Hi! Just wanted to remind you, that there is a guy on the Nxtalk chat (http://webchat.freenode.net/?channels=#) named j0b , who helped last night to investigate on the issue with the huge transaction fee and the incorrect amounts bug. He already discovered a bug before (https://bitcointalk.org/index.php?topic=345619.msg4102610;topicseen#msg4102610) with ZjP.
Although 2Kool4Skewl and me provided his accountnumber earlier and asked for some bounties, he only received 650 Nxt. I would like to ask everyone, especially the guys with 10+M accounts to appreciate such contribution and send some Nxt to j0b and all fellows who help discover bugs and help this project succeed. If we loose them, we loose the project.

His account number is 13570469120032392161

Thank you!

ps: I´ve already sent him some to show my appreciation

If anyone would like to donate to them, they deserve it.

[Forobitcoins]

Alguien me puede explicar como abrir un nodo en España, en castellano, no consigo entenderlo bien en ingles

[ferment]

Nodes nodes nodes!

Just deployed 10 nodes to Oregon! That's node81-node90.

That's 91 nodes in 9 different geographic locations!

Up nxt: Brazil!

Status

Nodes deployed: 90
Vanity nodes deployed: 1
Nodes queued: 2

Data centers: Atlanta, Dallas, Chicago, Northern VA, Hong Kong, Sydney, London, Toyko, Oregon

Sponsorship

Only 10 nodes left for 100 public nodes. To reach the goal of by Jan 3, we need only 22'500 nxt in additional sponsorship! That's just 7.5 nodes worth. Please sponsor now!

In a few minutes, I'll work on the remaining 2 in the queue. We're so close to getting these all online today! So ---- to support increased network robustness with global distribution, please send 3000 nxt to 11243542237777034551 to sponsor a node until the end of March. Vanity nodes are available for 4500 nxt with your own hallmark and name.

Thank you to everyone working so hard to help NXT be a success.

[ferment]

Empty node queue!

Just deployed 2 nodes to Brazil! That's node91-node92.

That's 93 nodes in 10 different geographic locations!

Up nxt: awaiting sponsorship of remaining 7 nodes!

Status

Nodes deployed: 92
Vanity nodes deployed: 1
Nodes queued: 0

10 data centers: Atlanta, Dallas, Chicago, Northern VA, Hong Kong, Sydney, London, Toyko, Oregon, Sao Paolo

Sponsorship

Only 8 nodes left for 100 public nodes. To reach the goal of by Jan 3, we need only 22'500 nxt in additional sponsorship! That's just 7.5 nodes worth. Please sponsor now!

We're so close to getting these all online today! Act now to support increased network robustness with global distribution. Please send 3000 nxt to 11243542237777034551 to sponsor a node until the end of March. Vanity nodes are available for 4500 nxt with your own hallmark and name.

Thank you to everyone working so hard to help NXT be a success.

[abuelau]

I have deployed additional nodes. I've been focussing on regions that don't have many nodes yet.

Total nodes deployed: 20

Regions:

South America (Sao Paulo, Brazil): 10 (nxt2.tweetmondo.com to nxt11.tweetmondo.com)
Australia (Sydney): 5 (nxt12.tweetmondo.com to nxt16.tweetmondo.com)
Malaysia (Singapore): 5 (nxt17.tweetmondo.com to nxt21.tweetmondo.com)

If you want more nodes in these regions, please donate 1000 NXT per month per additional node to: 9060914620736248721

[bybitcoin]

ferment and abelaue: okay guys, I was to send 90K to another guy in charge for placing 30 nodes, and also 60K for the rasspery pi nodes placement as well. As there was not any update about rasspery pi nodes idea-project, I am to place all 150K for the general nodes.
I can pay 60K to you ferment and 30K to you abelaue for the already placed nodes, only if you send the link of all of them in a pm for me. After chechking the liability and quality of those listed by you (I may ask a more informed clleague to check and see if they are new or you have already been paid for them by somebody else).
If they come to be new and working, then I send 30K to each one of you for the total of 60K.
So please post your Nxt address and also pm me the list of nodes you've already claimed new placements of which in your previous posts.

PS: all the bounty winners, please forgive me for the delay. I will send them all before the new year for sure. A bit messy and busy around here.
Also I am to award some 30K to pinearello and 30K to opticalcarrier. I had a recent observation that they are really trying to push the Nxt forward to success. And loyal passionate active members of Nxt community should always be rewarded..
Please pinearello and opticalcarrier, post your Nxt account.

[abuelau]

ferment and abelaue: okay guys, I was to send 90K to another guy in charge for placing 30 nodes, and also 60K for the rasspery pi nodes placement as well. As there was not any update about rasspery pi nodes idea-project, I am to place all 150K for the general nodes.
I can pay 60K to you ferment and 30K to you abelaue for the already placed nodes, only if you send the link of all of them in a pm for me. After chechking the liability and quality of those listed by you (I may ask a more informed clleague to check and see if they are new or you have already been paid for them by somebody else).
If they come to be new and working, then I send 30K to each one of you for the total of 60K.
So please post your Nxt address and also pm me the list of nodes you've already claimed new placements of which in your previous posts.

PS: all the bounty winners, please forgive me for the delay. I will send them all before the new year for sure. A bit messy and busy around here.
Also I am to award some 30K to pinearello and 30K to opticalcarrier. I had a recent observation that they are really trying to push the Nxt forward to success. And loyal passionate active members of Nxt community should always be rewarded..
Please pinearello and opticalcarrier, post your Nxt account.

My nodes:

 nxt2.tweetmondo.com
 nxt3.tweetmondo.com
 nxt4.tweetmondo.com
 nxt5.tweetmondo.com
 nxt6.tweetmondo.com
 nxt7.tweetmondo.com
 nxt8.tweetmondo.com
 nxt9.tweetmondo.com
 nxt10.tweetmondo.com
 nxt11.tweetmondo.com
 nxt12.tweetmondo.com
 nxt13.tweetmondo.com
 nxt14.tweetmondo.com
 nxt15.tweetmondo.com
 nxt16.tweetmondo.com
 nxt17.tweetmondo.com
 nxt18.tweetmondo.com
 nxt19.tweetmondo.com
 nxt20.tweetmondo.com
 nxt21.tweetmondo.com
 nxt20.tweetmondo.com
 nxt21.tweetmondo.com

[pinarello]

ferment and abelaue: okay guys, I was to send 90K to another guy in charge for placing 30 nodes, and also 60K for the rasspery pi nodes placement as well. As there was not any update about rasspery pi nodes idea-project, I am to place all 150K for the general nodes.
I can pay 60K to you ferment and 30K to you abelaue for the already placed nodes, only if you send the link of all of them in a pm for me. After chechking the liability and quality of those listed by you (I may ask a more informed clleague to check and see if they are new or you have already been paid for them by somebody else).
If they come to be new and working, then I send 30K to each one of you for the total of 60K.
So please post your Nxt address and also pm me the list of nodes you've already claimed new placements of which in your previous posts.

PS: all the bounty winners, please forgive me for the delay. I will send them all before the new year for sure. A bit messy and busy around here.
Also I am to award some 30K to pinearello and 30K to opticalcarrier. I had a recent observation that they are really trying to push the Nxt forward to success. And loyal passionate active members of Nxt community should always be rewarded..
Please pinearello and opticalcarrier, post your Nxt account.

thank you very much, I gladly help in this communtiy coz I know and see it will succeed no matter what others think or say.
I know I had comments on the distribution of the coins but now I must admit, when you look closly and follow all what is happening, that the founders are willing to do all what is needed to make NXT a succes.

Go NXT !

12088507821025750338
pin

[quiglag]

Made a quick video on how to get NextCoin up and running on Windows.

http://www.youtube.com/watch?v=8nLJAczJKnU

[opticalcarrier]

...
Please pinearello and opticalcarrier, post your Nxt account.

much appreciated  12692935506199079028
will let the community know the results of more editing of my article and submission to coinbase
Thanks!

[TwinWinNerD]

So I just started the german version of the WIKI.

http://nxt-de.wikia.com/wiki/NXT_Deutsch_Wiki

For now i only made the frontpage, but i plan on completing the whole wiki in time!

Donations are welcome at: 16134099701168321966
(or is there even a bounty on this?)

Mit freundlichen Grüßen, (haha)
TwinWinNerD

[opticalcarrier]

So I just started the german version of the WIKI.

http://nxt-de.wikia.com/wiki/NXT_Deutsch_Wiki

For now i only made the frontpage, but i plan on completing the whole wiki in time!

Donations are welcome at: 16134099701168321966
(or is there even a bounty on this?)

Mit freundlichen Grüßen, (haha)
TwinWinNerD

We are setting up the NXT Foundation's Wiki on wiki.nxtcrypto.org  and the plan is to hhave translated pages posted there, so if you want to be a part of it please get with joefox here on this board about translated pages for it.

[TwinWinNerD]

So I just started the german version of the WIKI.

http://nxt-de.wikia.com/wiki/NXT_Deutsch_Wiki

For now i only made the frontpage, but i plan on completing the whole wiki in time!

Donations are welcome at: 16134099701168321966
(or is there even a bounty on this?)

Mit freundlichen Grüßen, (haha)
TwinWinNerD

We are setting up the NXT Foundation's Wiki on wiki.nxtcrypto.org  and the plan is to hhave translated pages posted there, so if you want to be a part of it please get with joefox here on this board about translated pages for it.

Well i am on the google doc as an translator, and i followed this post:

https://bitcointalk.org/index.php?topic=345773.msg4119568#msg4119568

So should i just contact joefox and follow his instructions?

[opticalcarrier]

So should i just contact joefox and follow his instructions?

yes please do so if you want to be a part of the project.  This goes for anyone else who is willing to do translations.

[ferment]

I can pay 60K to you ferment and 30K to you abelaue for the already placed nodes,

Thank for the generous offer! So far I have deployed 93 nodes in 10 different regions. My goal is tuned and hardened 100 nodes by launch day.

I have received sponsorship nxt for the 92 nodes and 1 vanity node. This corresponds to the balance of the account of 280500. To deploy the remaining 8 nodes, I need 22500 nxt for a total of 303000 nxt. 300000nxt for the 100 public nodes (node1-node100) and 3000nxt for the vanity (panda.nxtbase.com).

To sponsor the remaining 8 nodes for 3 months, please send 22500 nxt to 11243542237777034551.

Thanks!

[ferment]

100 NODES Deployed!!!

Just deployed 8 last nodes to Brazil! That's node93-node100.

100 nodes in 10 different geographic locations!

Status

Nodes deployed: 100
Vanity nodes deployed: 1

10 data centers: Atlanta, Dallas, Chicago, Northern VA, Hong Kong, Sydney, London, Toyko, Oregon, Sao Paolo

Sponsorship

I went ahead and payed for the last 8 without receiving the sponsorship for them so I can switch my focus to tuning, monitoring, and automation. However, the account is still 22500 short to cover all 100 nodes for 3 months. If you haven't contributed a little yet please send some nxt and support increased network robustness with global distribution. Please send 3000 nxt to 11243542237777034551 to sponsor a node until the end of March.

These nodes aren't being run on "low end hosts". I'm using quality providers that aren't the cheapest. I'm also starting to see that bandwidth costs could be a real issue. 50 nodes at one provider have already used 1TB of outbound bandwidth in 3 days.

Thank you to everyone working so hard to help NXT be a success.

Thanks,
Ferment

PS - Some folks have been asking for my personal donation account. Bounties/tips accepted: 8356368410165964855 - thanks!

[joefox]

Hey there!

We have a final, permanent home for the wiki at http://wiki.nxtcrypto.org

If you go there and create a user account, you can start translating pages.  The easiest thing to do is to go to http://wiki.nxtcrypto.org/wiki/Special:LanguageStats/, where you can enter your language code (de) and it will give you a list of pieces that need to be translated.  You should be able to copy and paste most of what you've done already, if you've been working on translations elsewhere.

For a bit more info, see: http://wiki.nxtcrypto.org/wiki/Help_translate

The translation engine on this site will allow the wiki to be translated "in place" -- we no longer need to make copies. It's pretty slick; at WORST you'll need to learn a little about wiki markup.  See http://thenxtwiki.org/wiki/Help_translate for info on how translating works.  

Setting this up DID require an additional financial investment, so a few coins tossed my way won't make me upset.  Address is in my sig!

[Meizirkki]

Hey there!

We have a final, permanent home for the wiki at http://wiki.nxtcrypto.org

If you go there and create a user account, you can start translating pages.  The easiest thing to do is to go to http://wiki.nxtcrypto.org/wiki/Special:LanguageStats/, where you can enter your language code (de) and it will give you a list of pieces that need to be translated.  You should be able to copy and paste most of what you've done already, if you've been working on translations elsewhere.

For a bit more info, see: http://wiki.nxtcrypto.org/wiki/Help_translate

The translation engine on this site will allow the wiki to be translated "in place" -- we no longer need to make copies. It's pretty slick; at WORST you'll need to learn a little about wiki markup.  See http://thenxtwiki.org/wiki/Help_translate for info on how translating works.  

Setting this up DID require an additional financial investment, so a few coins tossed my way won't make me upset.  Address is in my sig!

Translations can not be done. I can type in whatever I want but it won't let me review them.

[joefox]

Translations can not be done. I can type in whatever I want but it won't let me review them.

I can translate into French, using another basic user account, with no problems.  Are you sure you're doing it correctly?

"Translation reviewers" are a special category of user on the wiki -- not just anyone can do it.  Basic users can contribute translations but other folks are supposed to review them.  If you'd like to be tagged as a reviewer, PM me and let me know what language you're working with.

[Meizirkki]

Translations can not be done. I can type in whatever I want but it won't let me review them.

I can translate into French, using another basic user account, with no problems.  Are you sure you're doing it correctly?

"Translation reviewers" are a special category of user on the wiki -- not just anyone can do it.  Basic users can contribute translations but other folks are supposed to review them.  If you'd like to be tagged as a reviewer, PM me and let me know what language you're working with.

I click on "translate this page", choose "Finnish" (already chosen as my default setting) and proceed to translate. I did the Main page and went to review tab. It won't let me review any part of the page and shows "0% done" in the bottom bar. No idea what's wrong. I tested this on chrome and firefox. Can you come to IRC for a while?

[salsacz]

cool, that page with untranslated sites is already in Czech

please repaire registration link at http://thenxtwiki.org/wiki/Help_translate

[rb2]

I have some free time these days, and could spend this time on some bounties, starting with small tasks (dev, infrastructure, doc).
Any suggestion?

[TwinWinNerD]

wiki page is down, or just for me?

[bearcup]

Hi!
I posted an most article http://forum.onliner.by/viewtopic.php?f=514&t=7950054 about NXT in Belarus.
And I want deploy the node in Belarus, but need sponsorship!

NXT:

2785380950062115486

Thank you!

[abuelau]

I have deployed another 5 nodes in Japan and a node status checking system.

Total nodes deployed: 25

Regions:

South America (Sao Paulo, Brazil): 10 (nxt2.tweetmondo.com to nxt11.tweetmondo.com)
Australia (Sydney): 5 (nxt12.tweetmondo.com to nxt16.tweetmondo.com)
Malaysia (Singapore): 5 (nxt17.tweetmondo.com to nxt21.tweetmondo.com)
Japan: 5 (nxt22.tweetmondo.com to nxt26.tweetmondo.com)

Check status: http://www.tweetmondo.com/nxt

Updated every 15 mins, shows the status of all nodes I deployed.

If you want to support these and more nodes please donate to: 9060914620736248721

Guys, I need your help in order to maintain the nodes and any additional ones, please donate.

[joefox]

For anyone who's been wanting to help with wiki translations at http://wiki.nxtcrypto.org, please hold off -- the engine is having some issues and I think I can fix it but it's going to require some server downtime.  I'll wait until tonight (Mountain Time) to get 'er done.  Thanks for your patience.

[nexern]

nexern - donations: 760220816713461210

[notbeingpatient]

Hi!

==SUBJECT==
I'm interested in Nextcoin, was glad to promote it a little bit among Russian community.

1) I have made a basic article in Russian Wikipedia about Nxt. It should not be deleted like the English one, because I avoided relying on forums as main sources. I don't have much experience in editing Wiki articles, but hey.

2) I have also written an entry in the Russian segment of WikiNews about Nxt's current market capitalization emphasizing its popularity even before relase.

3) AND I keep an alive node 24/7.

==PROOF==
1) Links
https://ru.wikipedia.org/wiki/Nextcoin
https://ru.wikinews.org/wiki/Nextcoin:_%D0%BD%D0%BE%D0%B2%D0%B0%D1%8F_%D0%BA%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D0%B0_%D0%B4%D0%BE%D1%81%D1%82%D0%B8%D0%B3%D0%BB%D0%B0_%D0%BA%D0%B0%D0%BF%D0%B8%D1%82%D0%B0%D0%BB%D0%B8%D0%B7%D0%B0%D1%86%D0%B8%D0%B8_%D0%B2_58_%D0%BC%D0%BB%D0%BD_$

2) OP's username at the bottom of the first editions of said articles.

==NXT WALLET==
17378894099820864597

==THANKS==
Thanks! :3

[salsacz]

My brand new profesionally looking introducing video for the Nxt hompage. It took me 6 days and long nights (one day up to 7 AM), but finally here it is:

http://wideo.co/view/1504591387756502643-nxt-generation-of-cryptocurrency

low quality:
http://youtu.be/ktMGC-Nq9Zo

If you think the video deserves any bounties, donations or thank you gifts  for my effort,  

Then my Nxt is:
15003961341330858247
 

If you like the video and think it will help build a good reputation... It took me about 50-60 hours to create it during these holidays. Since I have no job I decided to help Nxt with marketing and I will continue. But now I would also probably pay for the download of HD version that I would upload on:
Youtube
Facebook
Vimeo
and many other sites

Then I would pay for deleting of the logo, if you think the video deserves to be used at our homepage (like Mastercoin or Bitcoin). Do not hesitate to comment video now, I can change or improve it before releasing it to the other platforms. There can still be changed logos if we choose another ones..

Then I will be promoting this video in at least 100 sites, in comments to other youtube videos, as I spent so much time making it, I will try to get as much attention as possible....

After a month of watching Nxt and trying to help the community I could insert to the video explanations of some myths and misinterpretations. I used my experience with other videos I had created before. Then I added my own research, when I used important comparations with Bitcoin… Thanks (big thanks) to Ola I could provide a powerfull voice over, and with permission of Psybits I used some of his sentences for the voice scenario, since I am from central Europe and I know english only thanks to TV Shows. Also I thank to QBTC for providing current logos in HD.

[bybitcoin]

My brand new profesionally looking introducing video for the Nxt hompage. It took me 6 days and long nights (one day up to 7 AM), but finally here it is:

http://wideo.co/view/1504591387756502643-nxt-generation-of-cryptocurrency

If you think the video deserves any bounties, donations or thank you gifts  for my effort,  

Then my Nxt is:
15003961341330858247
 

If you like the video and think it will help build a good reputation... It took me about 50-60 hours to create it during these holidays. Since I have no job I decided to help Nxt with marketing and I will continue. But now I would also probably pay for the download of HD version that I would upload on:
Youtube
Facebook
Vimeo
and many other sites

Then I would pay for deleting of the logo, if you think the video deserves to be used at our homepage (like Mastercoin or Bitcoin). Do not hesitate to comment video now, I can change or improve it before releasing it to the other platforms. There can still be changed logos if we choose another ones..

Then I will be promoting this video in at least 100 sites, in comments to other youtube videos, as I spent so much time making it, I will try to get as much attention as possible....

After a month of watching Nxt and trying to help the community I could insert to the video explanations of some myths and misinterpretations. I used my experience with other videos I had created before. Then I added my own research, when I used important comparations with Bitcoin… Thanks (big thanks) to Ola I could provide a powerfull voice over, and with permission of Psybits I used some of his sentences for the voice scenario, since I am from central Europe and I know english only thanks to TV Shows. Also I thank to QBTC for providing current logos in HD.

May you put it in the youtube or at least the file in dropbox. I get error using wideo.co

[bybitcoin]

I finally prevailed to send all the promised bounties today:

-Sent 400K to lyynx  3394616525175328032
-Sent 150K to salsacz 15003961341330858247
-Sent 200K to Anon136  17286747867026237511
-Sent 100K to wesleyh  3209075099254042753
-Sent 50K to  JohnnyBTCSeed 7808957934806968659
-Sent 10K to  j0b       13570469120032392161      
-Sent 30K to pinarello  12088507821025750338        
-Sent 30K    opticalcarrier  12692935506199079028    
-Sent 22.5K to ferment   11243542237777034551          
-Sent 100K to  nexern   760220816713461210          
-Sent 53K to  abuelau   9060914620736248721      

I ll add the transaction id. a bit later when the nxt explorer gets updated and includes them..
I am aware that the amount of bounty prizes may look unfair comparing each receivers' efforts and contributions, but please remember that each prize I promised when the Nxt price was different and also my perspective of the pool sources (unaware of coming projects-in-need for a bounty) was different too.

From the pool source that I am holding, there remains about 148K Nxt that I am to use for supplying the press campaign (~100K) and 48K for other purpose coming soon. The full reports of spent coins of the pool will be posted by me in this thread ASAP.  

PS: by the way happy new year to all of you guys and thank you!  

[joefox]

I have squashed the bug on the Nxt Wiki that was preventing translation work from being saved.  If you'd like to help with wiki translation, see http://wiki.nxtcrypto.org/wiki/Help_translate

As mentioned before, I have moved the wiki to its final, permanent home under the "nxtcrypto.org" domain.  It is running on a separate, dedicated server that I'm paying for and administering.  If you have any questions or feedback, let me know.

The LOOK of the wiki will improve but I'm waiting until logo voting is all done!

[joefox]

My brand new profesionally looking introducing video for the Nxt hompage.

I'm love the quality of the voice recording, but the copy/script that was used is BAD English.  It's a bit of a shame because the video is otherwise REALLY good.  I can help with this, though -- I can proofread/edit your script.  I can also record a new voiceover if needed (I'm a pro actor as well).

[salsacz]

May you put it in the youtube or at least the file in dropbox. I get error using wideo.co

here it is, but it is not HD and still with their logo:
http://youtu.be/ktMGC-Nq9Zo

[salsacz]

I'm love the quality of the voice recording, but the copy/script that was used is BAD English.  It's a bit of a shame because the video is otherwise REALLY good.  I can help with this, though -- I can proofread/edit your script.  I can also record a new voiceover if needed (I'm a pro actor as well).

I think we are in the stage when this could be a group effort, Ola already provided a voice over, Psybits agreed to use his sentences and QBTC sent the logos. Here is my script, lets the big group grammar correction fight begins This video will be in TVs, Conferences, it will probably have influence on millions of people deciding if they want to join Nxt (and I received only 6K Nxt for the video (for now), while lynnx has 400k, although he posted his video after the deadline as well)

My brand new profesionally looking introducing video for the Nxt hompage. It took me 6 days and long nights (one day up to 7 AM). If you think the video deserves any bounties, donations or thank you gifts  for my effort,  then my Nxt is:
15003961341330858247

http://wideo.co/view/1504591387756502643-nxt-generation-of-cryptocurrency

low quality:
http://youtu.be/ktMGC-Nq9Zo

Scenario for corrections:

1.   What is Next?

2.   In past you could barter, pay by gold or paper money, such as American Dollar. Recently people started to use digital currency called Bitcoin. But it was too slowly, unsecure and needed too much of the computer power. After Bitcoin and his clones experienced some ups and downs, the second generation cryptocurrency was born. Fast, secure and green Nxt.

3.   Nxt focuses on decentralization. All transactions and wallets are decentralized and kept on the network. With decentralized peer to peer exchanges you don’t have to pay high fees to the providers. Decentralized DNS improves the security and protects you from censorship. Alias is a very cool function that brings us to the whole new level. Don’t be just a number! Welcome to the 2014!

4.   Never forget, that Nxt is brand new software. This is no fork of Bitcoin!

5.   The initial Nxt distribution process was completely fair and very public. People were advised to send Bitcoin to the genesis address in exchange for NXT. All NXT coins were sold to the original stakeholders. Now they are selling, donating or using Nxt to pay for work on the coin. 30% of Nxt money has changed the owner after three weeks. Do you know, only 22% of all existing Bitcoins have been transferred in 4 years of Bitcoin existence?

6.   As a first cryptocurrency of the second generation, Nxt has a lot to provide. There is no such thing as Bitcoin mining in Nxt. The system of next mining is very green in power consumption, since Proof of Stake mechanism doesn’t require massive amounts of hashing power. Selfish proof of work mining problem was finally solved. The price of NXT will never be affected by miners! Users gain transaction fees for maintaining the next network. The more coins you have, the more blocks you will generate, but the amount you get per block is dependent on the transaction fees included in the block. Remember: Everyone gets the same return of investment.

7.   Nxt’s code supports colored coins, - a way to designate specific coins - and tie them to physical property. How it works? You send your currency to the gateway.  The gateway issues the asset on the next network via colored coins.  That asset is then transferable on Nxt.  All kinds of virtual currencies or other commodities will be able to be traded via the Nxt network!

8.   There will also be many socializing features, not only an Alias. You will be able to chat and send messages to other users – always via peer to peer connections. Because of no central leadership, people will be able to vote about some important events, such as releasing the whole source code to the public.

9.   Nxt brings a new revolution for crypto currency. Next generation of crypto currency. Now we will have a currency and infrastructure which is based on a 100% original code base, 100% green, accessible to anyone on the planet, truly secure, and fast.

First sent corrections:
BitcoinForumator:

At 0:10 the narrator says: "...called Bitcoin, but it was too SLOWLY..."

It should be "...called Bitcoin, but it was too SLOW..."

+ someone mentioned Bitcoin is "it" and not "he"

rickyjames:

there are several places where the wording is not quite what a native English speaker would say.   I would be happy to work with you if you wish to polish your film and make it closer to perfect.

[ferment]

I finally prevailed to send all the promised bounties today:

-Sent 400K to lyynx  3394616525175328032
-Sent 150K to salsacz 15003961341330858247
-Sent 200K to Anon136  17286747867026237511
-Sent 100K to wesleyh  3209075099254042753
-Sent 50K to  JohnnyBTCSeed 7808957934806968659
-Sent 10K to  j0b       13570469120032392161      
-Sent 30K to pinarello  12088507821025750338        
-Sent 30K    opticalcarrier  12692935506199079028    
-Sent 22.5K to ferment   11243542237777034551          
-Sent 100K to  nexern   760220816713461210          
-Sent 53K to  abuelau   9060914620736248721      

I ll add the transaction id. a bit later when the nxt explorer gets updated and includes them..
I am aware that the amount of bounty prizes may look unfair comparing each receivers' efforts and contributions, but please remember that each prize I promised when the Nxt price was different and also my perspective of the pool sources (unaware of coming projects-in-need for a bounty) was different too.

From the pool source that I am holding, there remains about 148K Nxt that I am to use for supplying the press campaign (~100K) and 48K for other purpose coming soon. The full reports of spent coins of the pool will be posted by me in this thread ASAP.  

PS: by the way happy new year to all of you guys and thank you!  

Thanks!

[notbeingpatient]

PS: by the way happy new year to all of you guys and thank you! 

Happy New Year, thank you for your work too!

[VanBreuk]

I have squashed the bug on the Nxt Wiki that was preventing translation work from being saved.  If you'd like to help with wiki translation, see http://wiki.nxtcrypto.org/wiki/Help_translate

Thanks joefox, I just joined.

I'm moderating the Spanish section of nextcoin.org and I could take care of the spanish wiki translations. Excuse me if I missed it, but are there are bounties set for the wiki translations? A proper job will be rather time intensive, and I cannot afford to put much more volunteer time than I already put in the forums.

And great job with the video It would be great if a v2 would include perhaps some background music and mostly sound work, besides the voiceover. A good sound FX editing would enhance the value. I'm assuming the video crew has already plenty of assets to rely on, but I work in video and audio editing so I can help if you ever need some extra library and editorial work.

[allwelder]

-500K Nxt for a short video describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option.. all for a general audience.
-100K Nxt for a general article describing Nxt, it's green pure POS mining, the colored coins and decentralized p2p exchange features, internal messaging and decentralized DNS, instant transaction option..
-50K Nxt for the Chinese translation of the above article.
The initial deadline for the video bounty is 15th of December, for the article 5th of December and for the Chinese translation 7th of December!
To get the necessary info (general&technical) of Nxt for developing these projects, you can read the Nxt main thread mentioned in the OP or refer to Cunicula (who helped in debugging the scheme) or Come-from-Beyond.

Dear bounty administrator,

I have done something for promotion NXT,just because I love NXT.

I was the first person for translation to chinese both on nextcoin.org and bitcointalk.org
https://nextcoin.org/index.php/topic,164.0.html
https://nextcoin.org/index.php/topic,331.0.html
https://bitcointalk.org/index.php?topic=361812.0
https://bitcointalk.org/index.php?topic=356559.0

I produced the first video for NXT with more than 580 visits
http://i.youku.com/nextcoin
https://nextcoin.org/index.php/topic,615.0.html

I also the first to promote the NXT on chinese twitter:
http://weibo.com/nxtcoin
And now have more than 220 followings.
I answered various question for them as many as possible.And there are more and more chinese people be attractive by NXT.

And now I am contacting with ripple gateway XrpChina.net to add NXT to their gateway.
They have agreed and be dealing with it,and I will follow this process.

Some blogs for NXT in the biggest chinese blogspot:
http://blog.sina.com.cn/nextcoin

And I will continue to do more promotion ,such as SEO on baidu.com,the biggest chinese search engine.
http://www.baidu.com/p/Nextcoin


And now ,more and more people ask me for their first NXTs.
So,if I can receive some NXT for promotion,it will be very appreciated.
And,I believe that,with more promotion and more chinese participators,NXT will really rocket.

Thank you for bounty in advance.

[Damelon]

Nearly finished transferring the Dutch Wiki articles to the new wiki. Props to Stark-Fujikawa for all the actual translations.

I've also started translating the new parts on the wiki. Hope to have most of it finished by end of the day.

[opticalcarrier]

Veryy cool thx for the bounty

[rickyjames]

Scenario for corrections:

1.   What is Next?

2.   In past you could barter, pay by gold or paper money, such as American Dollar. Recently people started to use digital currency called Bitcoin. But it was too slowly, unsecure and needed too much of the computer power. After Bitcoin and his clones experienced some ups and downs, the second generation cryptocurrency was born. Fast, secure and green Nxt.

3.   Nxt focuses on decentralization. All transactions and wallets are decentralized and kept on the network. With decentralized peer to peer exchanges you don’t have to pay high fees to the providers. Decentralized DNS improves the security and protects you from censorship. Alias is a very cool function that brings us to the whole new level. Don’t be just a number! Welcome to the 2014!

4.   Never forget, that Nxt is brand new software. This is no fork of Bitcoin!

5.   The initial Nxt distribution process was completely fair and very public. People were advised to send Bitcoin to the genesis address in exchange for NXT. All NXT coins were sold to the original stakeholders. Now they are selling, donating or using Nxt to pay for work on the coin. 30% of Nxt money has changed the owner after three weeks. Do you know, only 22% of all existing Bitcoins have been transferred in 4 years of Bitcoin existence?

6.   As a first cryptocurrency of the second generation, Nxt has a lot to provide. There is no such thing as Bitcoin mining in Nxt. The system of next mining is very green in power consumption, since Proof of Stake mechanism doesn’t require massive amounts of hashing power. Selfish proof of work mining problem was finally solved. The price of NXT will never be affected by miners! Users gain transaction fees for maintaining the next network. The more coins you have, the more blocks you will generate, but the amount you get per block is dependent on the transaction fees included in the block. Remember: Everyone gets the same return of investment.

7.   Nxt’s code supports colored coins, - a way to designate specific coins - and tie them to physical property. How it works? You send your currency to the gateway.  The gateway issues the asset on the next network via colored coins.  That asset is then transferable on Nxt.  All kinds of virtual currencies or other commodities will be able to be traded via the Nxt network!

8.   There will also be many socializing features, not only an Alias. You will be able to chat and send messages to other users – always via peer to peer connections. Because of no central leadership, people will be able to vote about some important events, such as releasing the whole source code to the public.

9.   Nxt brings a new revolution for crypto currency. Next generation of crypto currency. Now we will have a currency and infrastructure which is based on a 100% original code base, 100% green, accessible to anyone on the planet, truly secure, and fast.

[/quote]

Salsacz, below is how I would edit your script. 


One note about your visuals - when the prisoner sees his number change into a name, he should smile and his clothes should change into something happy. 

I still think you need to verify the 30% claim in the video.  There is new information; apparently Dgex is keeping 75 million NXT in a seperage account for storage.  I recommend you message Graviton and discuss it with him - he is the owner of the Dgex exchange.

1.   What is Next?

2.   In the past you could barter, pay by gold or use paper money such as the American dollar. Recently people started using a digital currency called Bitcoin. But it was too slow, too insecure, and needed too much  computer power.  After Bitcoin and its clones experienced ups and downs, a second generation cryptocurrency was born: fast, secure and green Nxt.

3.   Nxt focuses on decentralization.  All transactions and wallets are decentralized and kept everywhere on the network, not isolated offline. With decentralized, integrated peer-to-peer exchanges you don’t have to pay high fees to service providers.  Decentralized DNS improves  security and protects your privacy.

4.   This is no fork of Bitcoin!  Always remember that Nxt is brand new software.

5.   The initial Nxt distribution process completely fair. People were asked on a public forum to send one Bitcoin to the genesis address in exchange for NXT.  All NXT coins were divided among the original stakeholders who responded. Now they are selling, donating or using Nxt to pay for further work on the coin. 30% of Nxt money has changed hands  after three weeks. Did you know only 22% of all existing Bitcoins have been transferred in 4 years of Bitcoin existence?

6.   As a second generation cryptocurrency , Nxt has much to offer. There is no such thing as Bitcoin mining in Nxt, so the price of NXT will never be affected by miners!  Bitcoin's Proof-of-Work mining problem has been solved by the Nxt Proof-of-Stake system that doesn’t require massive amounts of hashing power and so is very green in power consumption.   To maintain the Nxt network, users are rewarded for generating transaction blocks and claim the transaction fees paid by others that are embedded in the generated blocks.  The total number of blocks generated by a user is proportional to their owned share of all Nxt coins in circulation, so everyone gets the same return on investment for their support of the Nxt network.

7.   Nxt’s code supports colored coins,  a way to designate specific coins  and tie them to physical property. How does this work? You send your asset to the Nxt exchange gateway and the gateway issues the asset on the Nxt network via colored coins.  Your asset is then transferable on Nxt.  All kinds of virtual currencies or other commodities will be able to be traded via the Nxt network!

8.   Nxt also has many socializing features.   Alias is a very cool function that brings cryptocurrency into 2014: be identified by any name you want, not just a long number!   You will also be able to chat and send messages to other users from the Nxt client interface– always via peer to peer connections.  With no central leadership, Nxt users will be able to vote about some important events such as releasing the whole source code to the public.

9.   Nxt is a new revolution for crypto currency, the next generation of crypto currency. Now we have a currency and infrastructure which is based on a 100% original code base, 100% green, accessible to anyone on the planet, fast, and truly secure.

[Stark-Fujikawa]

Nearly finished transferring the Dutch Wiki articles to the new wiki. Props to Stark-Fujikawa for all the actual translations.

I've also started translating the new parts on the wiki. Hope to have most of it finished by end of the day.

Thanks for integrating them into the new wiki. I'll be resuming translating duties tomorrow and will check out your material to see if there need to be any edits. Likewise if you see some mistakes in my translations, feel free to correct them.

[Damelon]

Nearly finished transferring the Dutch Wiki articles to the new wiki. Props to Stark-Fujikawa for all the actual translations.

I've also started translating the new parts on the wiki. Hope to have most of it finished by end of the day.

Thanks for integrating them into the new wiki. I'll be resuming translating duties tomorrow and will check out your material to see if there need to be any edits. Likewise if you see some mistakes in my translations, feel free to correct them.

Once I get them safely to the new wiki, I'll start checking them. I think we need to come up with some sort of list for translating IT-related ("nodes", "weight") words and Nxt-related terms ("forge"). This to avoid mixing terminology which makes for sloppy reading. But that's not first priority.

[Stark-Fujikawa]

Nearly finished transferring the Dutch Wiki articles to the new wiki. Props to Stark-Fujikawa for all the actual translations.

I've also started translating the new parts on the wiki. Hope to have most of it finished by end of the day.

Thanks for integrating them into the new wiki. I'll be resuming translating duties tomorrow and will check out your material to see if there need to be any edits. Likewise if you see some mistakes in my translations, feel free to correct them.

Once I get them safely to the new wiki, I'll start checking them. I think we need to come up with some sort of list for translating IT-related ("nodes", "weight") words and Nxt-related terms ("forge"). This to avoid mixing terminology which makes for sloppy reading. But that's not first priority.

No, that's a great point actually and since I'm not too IT savvy I often don't know whether a term like node is commonly used in Dutch or we should a term like netwerkknooppunt. I think it's important to determine the intended audience when making these considerations. Do we primarily expect IT professionals to read it or people with less technical background. I wonder if there is a Dutch IT terminology thesaurus or something out there. Could be a great way to ensure quality control. It may not be the first priority, but it's definitely something that needs to be ironed out eventually so do let me know your thoughts.

[Damelon]

Nearly finished transferring the Dutch Wiki articles to the new wiki. Props to Stark-Fujikawa for all the actual translations.

I've also started translating the new parts on the wiki. Hope to have most of it finished by end of the day.

Thanks for integrating them into the new wiki. I'll be resuming translating duties tomorrow and will check out your material to see if there need to be any edits. Likewise if you see some mistakes in my translations, feel free to correct them.

Once I get them safely to the new wiki, I'll start checking them. I think we need to come up with some sort of list for translating IT-related ("nodes", "weight") words and Nxt-related terms ("forge"). This to avoid mixing terminology which makes for sloppy reading. But that's not first priority.

No, that's a great point actually and since I'm not too IT savvy I often don't know whether a term like node is commonly used in Dutch or we should a term like netwerkknooppunt. I think it's important to determine the intended audience when making these considerations. Do we primarily expect IT professionals to read it or people with less technical background. I wonder if there is a Dutch IT terminology thesaurus or something out there. Could be a great way to ensure quality control. It may not be the first priority, but it's definitely something that needs to be ironed out eventually so do let me know your thoughts.

My preference would be to use the English words for well known things or for terms that appear in the as yet untranslated interface. For instance, I just completed the CreateAlias page, and used the English terms as they appear in the interface. I did the same for hallmark creation, but there I only used "weight" when referring to the interface, while using "gewicht" and "wegen" when referring to the process. I decided to do it that way for ease of reading without sacrificing precision (I hope).
I agree we should look for a thesaurus and use it.

As to target audience, I think it will be work in progress. We will be able to get away with a lot of technobabble in this stage, but over time it will need to be more and more aimed at non-tech end users. This is probably something that should be done towards the end of the Beta stage. (whenever that is! Google was in Beta for YEARS! )

[bybitcoin]

@allwelder: I appreciate your efforrts and yes we all do these stuffs to help our beloved Nxt,
but I am not the Nxt bounty admin or manager or anything alike.
What I've done was to gather a donation pool to define and push several necessary projects,
promotions-video-article-press, at the early stage of Nxt project evolution.
Fortunately the little flexibility and endorsement of the pool made it possible for me to award
some few extra undefined projects and people in addition to what was planned at first.
But my pool is close to zero, and the remaining amount is already determined to be used for
very specific and important matters (press..).
I would liked to assign some bounty awards to everyone who've done something valuable and
posted his efforts here or pm d me privately but as I explained above it is not possible
I am only a stake-holder and after completing a few more details of the current bounty projects
(a report to the public and the donators), I will lock this thread at the 3rd of coming January.
I am sure other active members will continue the way towards Nxt great visioned success, that
makes me an easy leave for retirement!
Thank you all

[joefox]

No, that's a great point actually and since I'm not too IT savvy I often don't know whether a term like node is commonly used in Dutch or we should a term like netwerkknooppunt.

I don't think we can over-emphasize this point enough.  I just spent two days trying to resolve an issue with the wiki's translation engine, and was relying on guides written by non-native English speakers.  I *thought* the translations were good but I was misunderstanding a very important aspect of the system because of the word the translator chose to represent a KEY concept.

In the wiki, you can add "discussion notes" to your edits as you go... so if there is a word or term that you aren't sure about or want to discuss, you can add "notes" attached to that section of text that other translators can see.  That can help.

I think we should also build a "glossary" on the wiki -- I'll start one.  The act of translating of the glossary can serve as a means for standardizing translated terms.

[joefox]

This is awesome... and salsacz, thank you for not being offended by my comments.  I'm really trying to help, and the hard work you're putting in deserves support.

Rickyjames' edit of your scenario text is very good, I think, and I started there.  I've cleaned up some grammar, changed some wording to make it more "verbal" than written, and I'd also like to suggest moving section 5 (I left the numbering intact). 

The audience for this video is people who already know something about cryptocurrencies, have heard about Nxt, and want to know what it is & why they should care.

1.   What is Nxt?

2.   In the past you could purchase goods and services through barter, paying with gold or using paper currency such as the American dollar. Five years ago people started using a digital currency called Bitcoin, but over time it has proved to be too slow, too insecure, and VERY unfriendly to the environment because of its power usage.  In response to these and other concerns, a new cryptocurrency has been born: fast, secure and green Nxt.

3.   Nxt is completely decentralized.  All transactions and accounts are stored on the network, not isolated offline. Nxt supports integrated, peer-to-peer exchanges so you don’t have to pay high fees to service providers.  And the decentralized alias system can implement secure, private mechanisms for sharing DNS names, phone numbers, account numbers, and more.

4.   This is not a copy of Bitcoin, based on a version of Bitcoin's code!  Nxt builds on the ideas behind Bitcoin, but does it all with completely new code, written from scratch.

6.   As a second generation cryptocurrency, Nxt has a lot to offer. There is no such thing as mining in Nxt, so the price of Nxt will never be affected by miners!  Problems with Bitcoin's Proof-of-Work mining method have been solved by the Nxt Proof-of-Stake system. It doesn’t require massive amounts of computing power, so it's very green in power consumption. In Nxt, we call the mining process "forging", and the method is so simple that it can even be run on iPhones, Android devices, and $35 computers like the Raspberry Pi.  To maintain the Nxt network, users are rewarded for generating transaction blocks. They claim the transaction fees, paid by others, that are embedded in blocks they generate.  The total number of blocks generated by a user is proportional to their owned share of all Nxt coins in circulation. Everyone gets the same return on investment for their support of the Nxt network.

7.   Nxt’s code supports colored coins, which is method for designating specific coins and tying them to physical property.  This lets Nxt run a decentralized asset exchange that can be used to trade Nxt for other goods -- everything from other currencies to physical objects.  How does this work?  You send your asset to the Nxt exchange gateway and the gateway issues the asset on the Nxt network by creating colored coins to represent it.  Your asset is then transferable on Nxt, and can be traded with anyone.

8.   Nxt also has many socializing features.  We've already mentioned the Alias System, which can turn your Nxt account number into almost any name you want.  In addition, you will be able to chat and send messages to other users from the Nxt client interface, through the distributed, peer-to-peer network. Nxt will also implement a decentralize Voting System, so that users will be able to collaborate to make important decisions, such as releasing the source code for the Nxt project to the public.

5.   The entire pool of 1 billion Nxt coins was generated from an investment of Bitcoin. People were asked on a public forum to send a maximum of one Bitcoin to a pooled fund that created Nxt.  All of the Nxt coins were then  divided among the original investors. Now those founder are selling, donating or using Nxt to pay for further work on the coin and to support the growth of the Nxt network. In only a month since Nxt's creation, 30% of the entire Nxt supply has already changed hands on the network, and thousands of accounts have been created.  By comparison, it took Bitcoin four years to transfer 22% of its coins.

9.   Nxt is a new revolution in cryptocurrency: the next generation of crypto currency. With Nxt, we have an infrastructure and a forward-thinking currency based on the success of previous coins, written 100% original code.  It's fast, it's secure, it's 100% green, it's accessible to anyone on the planet, and it's available now.  It's what's Nxt.

[maco]

Hello NXT Community,

I have been actively involved in multiple crypto currency app developments, and I am very
motivated about including NXT into my line up of Resource Central Apps for the Crypto Community.  

My apps will have news coverage very shortly once I finish the top 10 crypto currencies supported by me.
Thanks to people I know who have helped me with my decision to support and develop apps for NXT.
Those people are Uniqueorn, Come From Beyond, Brad, Jon, Brian, Knlee, and many others within my core supporting group.

In the app that I develop, you will expect to find resources at your finger tips.
No longer will you need to save multiple websites or fall behind the latest news about NXT.  
You will have access to ALL RESOURCES about NXT in one app.. and real-time updates with News and Social Posts.

Currently, my apps reach 15,000+ Active users... and that number is growing tremendously each and every day.
I plan to release a mobile application so NXT users receive real-time reddit/forum posts directly in the app.  

Here is a listing of all my current apps on the market place:  https://play.google.com/store/apps/developer?id=CIS+Solutions
I am expected to release an additional 5 new crypto currency support by the end of January 2014.

Here is an example of my latest project (pre-launch to the Quark Community)
https://play.google.com/store/apps/details?id=quarkcoin.qrk.crypto.com
- After launching the app, we noticed a 50% growth.
- In addition, we generated more investor interest and mining users.
- Traffic already exists for us due to our average rating reviews of 4.5+ Stars across all apps.
- I will streamline NXT through Social Media networks like http://twitter.com/bitcoinfeeds
   and http://twitter.com/litecoinfeeds to generate faster user adoption into the app.

I am here today requesting community support for a bounty to get this app up and running early January 2014.
with your donation/bounty support, I will be able to progress unique feature revolving around NXT's core features.
I will also continue to maintain and update the app for more resources as an on-going service.

My bounty GOAL is to reach 500,000 NXT minimum to finalize
all resources and have the app ready in everyone's hands.

DONATE for further development to this BOUNTY @ 140107654656861197 and...  
Submit a post with transaction info/amount, and your requested resources.

I am reaching out to the NXT community so we can work together on this app launch.
I need resources:: Websites, blogs, links, videos, tutorials, mining pools, exchanges accepting NXT, etc.
The more resources the better and I will start adding them into the app one by one.

In order for me to get started, I would need your donation sent to this address
along with a list of your requested RESOURCES so I can start building it into the app.


My goal is 500K NXT - Your support is Appreciated >> 
DONATE for further development to this BOUNTY @ 140107654656861197 and... 
Submit a post with transaction info/amount, and your requested resources.

Screenshots of my latest app releases.. These are Similar to the one I am building for the NXT Community















DONATE for further development to this BOUNTY @ 140107654656861197 and...  
Submit a post with transaction info/amount, and your requested resources.

Thanks community for supporting!

[joefox]

I have created a thread at nextcoin.org requesting a bounty fund for wiki work & translations.  Here is the thread, but the content is pasted below:

I would like to propose the creation of a bounty for people who contribute translations to the Nxt Wiki

It should go without saying that building and maintaining the wiki is a lot of work.  People are scouring forum posts daily to pull out little tidbits for the documentation pages, FAQ, and more and the wiki is growing into a definitive source for Nxt information.

This work has paid off.  In just the past two days, the wiki has served dozens of thousands of page views to about a thousand visitors from 59 countries.  This is all based on data from the new (permanent) site.  Data from wikia shows steadily-increasing traffic since the wiki was first created, a little over three weeks ago.

The wiki is crucial to the heartbeat of Nxt.

In those two days, as well, volunteers have begun to translate content in the wiki.  Already we are seeing content in German, Finnish Dutch, Spanish, French, and Turkish.

The work of these people should be rewarded, and some are asking if bounties exist.  I believe we need one.

What's great about our wiki is that all work is public and auditable.  This makes allocating bounty rewards easy and VERY fair.  On a per-user basis, we can see who is contributing to articles and translations since all work is tracked to user accounts on the wiki, and every revision is recorded in the wiki's history.  As a result, the evidence of the work is clear, and it is easy to assign a per-contributor value based on their contributions to content.

I believe strongly in the work of these folks, but I have to be up-front, since I also believe in MY work.  So in the spirit of full disclosure: I voluntarily administer the wiki, have paid for its hosting, have managed its server administration, and have been working for bounties myself.  I'm not unhappy with the amounts I've received, but I simply can't bankroll bounties for others.  I join the chorus of many who think that larger stakeholders should fund this work.  Bounty funds can be put into a separate account, and I can provide source data from the wiki showing who's contributed, and how much.  Since the wiki is public, this information can easily be verified.

I think a bounty fund of a few hundred thousand is fair, with payout dates to be set a month or two into the future.  The information on the wiki will continue to grow as clients, services, etc. are released anyway.

I hope founders are listening

[ViktorK]

Sorry for ask, to mens who got bounty for installing VPS nodes i have minor question, answer pelase - did you previously agreed with byubitcoin about donation for your work? I just ask, because, also added few VPS-es and hoped to got little donation, but may be to got donation need pereviously agreement or this is bounty for winners?

Happy New Year to all!

[VanBreuk]

I have created a thread at nextcoin.org requesting a bounty fund for wiki work & translations.

Thank you

[Damelon]

Another thank you from a wiki translator to joefox for putting out the request
It's nice to know the work is appreciated.

[wesleyh]

I've created 3 new tools:

- An open-source Nxt faucet: http://nxtra.org/faucet (source download link in footer)

- A random node list generator: http://nxtra.org/nodes

- Browser extensions for firefox and chrome to allow the user to navigate to nxt aliases from within the browser, more info here: https://nextcoin.org/index.php/topic,1815.0.html

Any donation is appreciated. My id is : 3209075099254042753

Thank you!

[notbeingpatient]

Hey guys!

I've made a short promotional video (madskillz, incredible quality) on Youtube for the Russian market. I believe it's the first video on Nextcoin in Russian.

Maybe I'm not in time for any reward from Bybitcoin, but that doesn't really matter.
Anyway, any help from donors or Nxt enthusiasts is much appreciated still, because I'd like to have an opportunity to do more promotion for Nextcoin. All my details are in the signature to this message and in the video's description.

Link:
https://www.youtube.com/watch?v=3Q9PNW71HFU

PROOF that i am indeed the author: there is OP's username at the bottom of description to the video.

HAPPY NEW YEAR EVERYONE!

[tankmann]

Hey guys,

added two more nodes in Germany and helping out in the boards if questions occur on OSX and Ubuntu.

NXT: 9444475344239456698
NXT PublicNode: 89.163.174.42
NXT PublicNode: 178.20.9.9

Thanks.

[pinarello]

Hello,

I would like to plead for a bounty for user "Mistafreeze" on the nextcoin.org forum.

This person is the first to create a Windows 7 installer for NXT client

Tested and work perfectly.

Please consider donating some bounty to him, his work was very important for mass adoption.

https://nextcoin.org/index.php/topic,1902.0.html


Thank you
Pin

[maco]

Hello,

I would like to plead for a bounty for user "Mistafreeze" on the nextcoin.org forum.

This person is the first to create a Windows 7 installer for NXT client

Tested and work perfectly.

Please consider donating some bounty to him, his work was very important for mass adoption.

https://nextcoin.org/index.php/topic,1902.0.html


Thank you
Pin

Thanks alot for the heads up on this. I just lost some of my donation bounty NXT because my account will not unlock and I had to delete and redownload the files. It could have been my fault but I highly doubt it because now I cannot connect to the IP Address to even access any account settings.

Pictures coming up soon of my development (NXT App)

[maco]

Here is an update of my progress of the Resource Central Mobile App for NXT.
Official Bounty Thread: https://nextcoin.org/index.php/topic,1767.0.html

DONATE for further development to this BOUNTY @ 140107654656861197

- My Donation Account # coming up soon once I get my wallet fixed!









Official Bounty Thread: https://nextcoin.org/index.php/topic,1767.0.html

^ send your suggestions.

DONATE for further development to this BOUNTY @ 140107654656861197

[salsacz]

Ok guys, I've setup the Brazilian Portuguese Wiki, imported the XML with the english data and translated the Home Page.

URL is: http://nxtptbr.wikia.com/

I will continue to work on the other pages tonight and in the next few days.

If someone is feeling the Christmas spirit, donations are welcome: 9060914620736248721

Merry Christmas! 

hi,
wiki was moved, more info:

We have a final, permanent home for the wiki at http://wiki.nxtcrypto.org

If you go there and create a user account, you can start translating pages.  The easiest thing to do is to go to http://wiki.nxtcrypto.org/wiki/Special:LanguageStats/, where you can enter your language code (de) and it will give you a list of pieces that need to be translated.  You should be able to copy and paste most of what you've done already.

For a bit more info, see: http://wiki.nxtcrypto.org/wiki/Help_translate

[mcjavar]

There will be a Bitcoin Conference in February held in Berlin.

http://www.mediabistro.com/insidebitcoins/

I am not from Berlin, but would love to represent Nxt on this venue. I decided to take 3 days off and fly over to Germany and use the opportunity to spread the word, let others know about Nxt and it´s features.
I am sure that we all will benefit from having someone around at a venue like this. I am asking the community to support these efforts by donating to help fund the journey and the purchase of marketing materials like T-Shirts & pendrives with Nxt logo/slogan on them, printing some cool Nxt bills, and so on.

I will document all the expenses and will make the spending of the fund transparent. I will also broadcast from the venue and post some pictures Smiley

I received donations from 3 persons so far... I am asking community members, escpeially with big stakes to support this and help with funds AND ideas how to make Germany aware of Nxt. Even a couple of hundred Nxts will help.

11433600460445633305

Thank you!

[salsacz]

Once I receive my bounty for the video I will be sponsoring a giveaway via the YouTube channel. I also need to track down what became of the NXT that I and a couple of other individuals donated for a giveaway thread on NxtCoin.org as the OP is gone and I believe only a small portion was used, perhaps the remainder can be passed on via an new bounty or giveaway threads.

lyynx,
are there any updates..?

[bybitcoin]

I put 48K for open source code review and will distribute it based on Jan Luc's instruction.

PS: I am sorry if I have not been able to reply your pms for the last week. I have had a bad cold
and my body is still shaking. For the moment I can's stay in front of my pc for more than 15 minutes.

For all bounty seekers, you have to post here or make a thread in forum.nxtcrypto.org which stands to
be the official home for Nxt project (as I heard from several legitimate voices).
nextcoin.org has not any relation with Nxt core development and foundation and also due to recent
negative developments in its twin's site dgex.com, I've been asked by some of the active members
to inform you to follow only btt main threads or nxtcrypto.org .
There was also a bounty pool scandal in nextcoin.org (which I am not updated anymore to judge) that
in any case make it safer and wiser to follow the official voices.
We should not allow some opportunists and scammers destroy the picture and reputation of Nxt.

[maco]

I put 48K for open source code review and will distribute it based on Jan Luc's instruction.

PS: I am sorry if I have not been able to reply your pms for the last week. I have had a bad cold
and my body is still shaking. For the moment I can's stay in front of my pc for more than 15 minutes.

For all bounty seekers, you have to post here or make a thread in forum.nxtcrypto.org which stands to
be the official home for Nxt project (as I heard from several legitimate voices).
nextcoin.org has not any relation with Nxt core development and foundation and also due to recent
negative developments in its twin's site dgex.com, I've been asked by some of the active members
to inform you to follow only btt main threads or nxtcrypto.org .
There was also a bounty pool scandal in nextcoin.org (which I am not updated anymore to judge) that
in any case make it safer and wiser to follow the official voices.
We should not allow some opportunists and scammers destroy the picture and reputation of Nxt.

Thanks for the heads up. I will start posting in nxtcrypto.org

[mcjavar]

Hi Guys,

What about the articles, press releases the community had paid for? As far as I know there was only one published so far..

[V4V]

hello everybody

I have been involved with NXT since early December. I am a firm believer in its technologies and have become
a full convert to NXT. Being an advocate for NXT, I decided to make several infographics to help promote NXT.
I have originally posted them on nextcoin.org, under the username silversurfer. I am submitting my work here
to partake in the bounty and hopefully it can generate some positive feedback. In addition I hope the stakeholders
can find some value in my work and consider me for the bounty. Either way, I am a firm believer in NXT and hope
everyone enjoys the infographics. Here they are:

https://www.dropbox.com/s/qgagt6cxcpx4l7u/nxt%20vs%20qrk.png
https://www.dropbox.com/s/d0bvchrxqahwwu1/NXTvsBTC.png
https://www.dropbox.com/s/1ucwbhutar5t8f2/nxtvslite.png
https://www.dropbox.com/s/d4rkob6fgmh6307/NXTVSPPC.png

I would like to give a special thanks to Uniqueorn over at nextcoin.org
He has been doing some wonderful things in trying to collaborate, coordinate, and organize the promotional efforts
for NXT. I firmly believe he deserves one of the biggest bounties and has recognized talented individuals within the
community to bring NXT to the masses.

Thanks

NXT:  5464489754473015994

[mcjavar]

Hi guys

You can see the first report from our NXT press release here (with over 300 news outlets the PR was published on): http://www.datafilehost.com/d/f2c4512a

Other notable mentions (please check the twitter link at the bottom):

http://finance.yahoo.com/news/bitcoin-descendant-nxt-features-100-051500739.html

http://bitcoinprbuzz.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://bitcoin.alltop.com/

http://cryptocoinupdates.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/#more-840

https://www.facebook.com/nxtcrypto

http://www.hypebuzz.com/search.php?q=bitcoin

http://bitcoin-tech.com/blogs/entry/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations

http://coinminded.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://virtualmining.com/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more/

http://www.topix.com/economics/bitcoin/2013/12/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more

http://topbitcoinnews.com/bitcoin-descendant-nxt-features

Twitter: https://twitter.com/search?q=%22bitcoin%20descendant%20nxt%22&src=typd&f=realtime

http://newsbitcoin.com/?p=28433

http://cryptocoin.ws/?s=nxt

This press release was partially funded by 0.4 BTC in donations.

Any donations in NXT for this campaign, and to fund further campaigns, are welcome.

Please PM me to organise

The community asked you to please wait until we had the website put together and Nxt was open sourced.  Why did you run the press releases early?

This is the first of many press releases for NXT - I made sure I had bybitcoin's approval to run this particular campaign when we did.

The next press release will be after NXT has been made open source, and to announce this to the wider community and the world.

I mean this one...

[allwelder]

List all the submitted videos and articles

Articles
cunicula
https://bitcointalk.org/index.php?topic=348625.msg3733803#msg3733803

cunicula
https://bitcointalk.org/index.php?topic=355644.msg3804460#msg3804460

opticalcarrier
https://bitcointalk.org/index.php?topic=345773.msg3827296#msg3827296
https://bitcointalk.org/index.php?topic=345773.msg3893217#msg3893217
https://bitcointalk.org/index.php?topic=345773.msg3980304#msg3980304

JohnnyBTCSeed
https://bitcointalk.org/index.php?topic=345773.msg3832234#msg3832234

salsacz
https://bitcointalk.org/index.php?topic=345773.msg3836768#msg3836768
2.0: https://bitcointalk.org/index.php?topic=345773.msg4065929#msg4065929


Translations

everythingbitcoin
https://bitcointalk.org/index.php?topic=345773.msg3706730#msg3706730

esuncloud
https://bitcointalk.org/index.php?topic=347956.msg3726507#msg3726507

getfun12345
https://bitcointalk.org/index.php?topic=345773.msg3903557#msg3903557
+
https://bitcointalk.org/index.php?topic=345773.msg3917080#msg3917080


Stark-Fujikawa
https://bitcointalk.org/index.php?topic=345773.msg3928945#msg3928945


Videos
lyynx
https://bitcointalk.org/index.php?topic=345773.msg3760143#msg3760143
http://youtu.be/f8dLMoZLMzM

salsacz
https://bitcointalk.org/index.php?topic=345773.msg3875930#msg3875930
http://wideo.co/view/1302961386354824506-nxt (reediting right now)
http://www.youtube.com/watch?v=zALTChPsXhQ new coming soon

Bonus:
https://bitcointalk.org/index.php?topic=345773.msg3983245#msg3983245
http://wideo.co/view/1302961386976944647-nxt-mining
http://www.youtube.com/watch?v=w1FTzBjy_8Q

ThaFresh
https://bitcointalk.org/index.php?topic=345773.msg3932600#msg3932600
http://youtu.be/hfan3u99dLc

@salsacz

There are still some translated articles not included in your list.
https://bitcointalk.org/index.php?topic=361693.msg3871551#msg3871551
https://bitcointalk.org/index.php?topic=361812.0
https://bitcointalk.org/index.php?topic=375922.msg4026415#msg4026415

Video and promotion
https://bitcointalk.org/index.php?topic=370491.0

[Anon136]

not asking for bounty because i already got 200k from this thread which i think was more than generous but it seems like this thread has also become sort of the aggregation for articles of this sort so i will post it here with the others so that maybe it will be read.

https://docs.google.com/document/d/1E_ToOMG2l1XThx6YnyXEajXaf6H1k2yjq8XkAF0ScB4/

[joefox]

not asking for bounty because i already got 200k from this thread which i think was more than generous but it seems like this thread has also become sort of the aggregation for articles of this sort so i will post it here with the others so that maybe it will be read.

https://docs.google.com/document/d/1E_ToOMG2l1XThx6YnyXEajXaf6H1k2yjq8XkAF0ScB4/

Hey Anon136... since you've posted your paper as a Google Doc, why not enable comments?  You may get some good feedback and fodder for further discussion.

[Anon136]

not asking for bounty because i already got 200k from this thread which i think was more than generous but it seems like this thread has also become sort of the aggregation for articles of this sort so i will post it here with the others so that maybe it will be read.

https://docs.google.com/document/d/1E_ToOMG2l1XThx6YnyXEajXaf6H1k2yjq8XkAF0ScB4/

Hey Anon136... since you've posted your paper as a Google Doc, why not enable comments?  You may get some good feedback and fodder for further discussion.

I'll look into doing that. Though I'm kind of burnt out on working on it for now so I probably wont make any changes immediately even in response to solid criticism.

[CryptKeeper]

not asking for bounty because i already got 200k from this thread which i think was more than generous but it seems like this thread has also become sort of the aggregation for articles of this sort so i will post it here with the others so that maybe it will be read.

https://docs.google.com/document/d/1E_ToOMG2l1XThx6YnyXEajXaf6H1k2yjq8XkAF0ScB4/

Thanks a lot for this remarkable description on NXT! I had already read many wikis, browsed the forums, but had not yet got all of what you wrote about it. Thanks again!

[maco]

Here is an update of my progress of the Resource Central Mobile App for NXT.
Official Bounty Thread: https://nextcoin.org/index.php/topic,1767.0.html

DONATE for further development to this BOUNTY @ 140107654656861197

- My Donation Account # coming up soon once I get my wallet fixed!









Official Bounty Thread: https://nextcoin.org/index.php/topic,1767.0.html

^ send your suggestions.

DONATE for further development to this BOUNTY @ 140107654656861197

^^^^^^^^

[mcjavar]

Hi guys

You can see the first report from our NXT press release here (with over 300 news outlets the PR was published on): http://www.datafilehost.com/d/f2c4512a

Other notable mentions (please check the twitter link at the bottom):

http://finance.yahoo.com/news/bitcoin-descendant-nxt-features-100-051500739.html

http://bitcoinprbuzz.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://bitcoin.alltop.com/

http://cryptocoinupdates.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/#more-840

https://www.facebook.com/nxtcrypto

http://www.hypebuzz.com/search.php?q=bitcoin

http://bitcoin-tech.com/blogs/entry/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations

http://coinminded.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://virtualmining.com/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more/

http://www.topix.com/economics/bitcoin/2013/12/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more

http://topbitcoinnews.com/bitcoin-descendant-nxt-features

Twitter: https://twitter.com/search?q=%22bitcoin%20descendant%20nxt%22&src=typd&f=realtime

http://newsbitcoin.com/?p=28433

http://cryptocoin.ws/?s=nxt

This press release was partially funded by 0.4 BTC in donations.

Any donations in NXT for this campaign, and to fund further campaigns, are welcome.

Please PM me to organise

The community asked you to please wait until we had the website put together and Nxt was open sourced.  Why did you run the press releases early?

This is the first of many press releases for NXT - I made sure I had bybitcoin's approval to run this particular campaign when we did.

The next press release will be after NXT has been made open source, and to announce this to the wider community and the world.

I mean this one...

I´ve written psybits a message 2 days ago, but no answer. Am I correct when I think that he just left with the money he got?

[opticalcarrier]

I put 48K for open source code review and will distribute it based on Jan Luc's instruction.

PS: I am sorry if I have not been able to reply your pms for the last week. I have had a bad cold
and my body is still shaking. For the moment I can's stay in front of my pc for more than 15 minutes.

For all bounty seekers, you have to post here or make a thread in forum.nxtcrypto.org which stands to
be the official home for Nxt project (as I heard from several legitimate voices).
nextcoin.org has not any relation with Nxt core development and foundation and also due to recent
negative developments in its twin's site dgex.com, I've been asked by some of the active members
to inform you to follow only btt main threads or nxtcrypto.org .
There was also a bounty pool scandal in nextcoin.org (which I am not updated anymore to judge) that
in any case make it safer and wiser to follow the official voices.
We should not allow some opportunists and scammers destroy the picture and reputation of Nxt.

let me know when you get an acct there and Ill add you to moderator group and make you moderator of the bounty section

[h0pter.nttsh]

Hello community.

Public NXT Node launched in Ukraine : 195.3.205.202
NXT : 1986369352798953196

Thank you.

[psybits]

Hi guys

You can see the first report from our NXT press release here (with over 300 news outlets the PR was published on): http://www.datafilehost.com/d/f2c4512a

Other notable mentions (please check the twitter link at the bottom):

http://finance.yahoo.com/news/bitcoin-descendant-nxt-features-100-051500739.html

http://bitcoinprbuzz.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://bitcoin.alltop.com/

http://cryptocoinupdates.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/#more-840

https://www.facebook.com/nxtcrypto

http://www.hypebuzz.com/search.php?q=bitcoin

http://bitcoin-tech.com/blogs/entry/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations

http://coinminded.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://virtualmining.com/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more/

http://www.topix.com/economics/bitcoin/2013/12/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more

http://topbitcoinnews.com/bitcoin-descendant-nxt-features

Twitter: https://twitter.com/search?q=%22bitcoin%20descendant%20nxt%22&src=typd&f=realtime

http://newsbitcoin.com/?p=28433

http://cryptocoin.ws/?s=nxt

This press release was partially funded by 0.4 BTC in donations.

Any donations in NXT for this campaign, and to fund further campaigns, are welcome.

Please PM me to organise

The community asked you to please wait until we had the website put together and Nxt was open sourced.  Why did you run the press releases early?

This is the first of many press releases for NXT - I made sure I had bybitcoin's approval to run this particular campaign when we did.

The next press release will be after NXT has been made open source, and to announce this to the wider community and the world.

I mean this one...

I´ve written psybits a message 2 days ago, but no answer. Am I correct when I think that he just left with the money he got?

I've been on holiday (and very busy catching up with all the enquiries we received at http://bitcoinprbuzz.com over the holidays).

I would never desert anyone or any project - http://bitcoinprbuzz.com has been serving the community for over a year.

Bybitcoin decided not to give me the 100K NXT to do further promotion for NXT.

So I have not received any more NXT, to conduct any further promotion for NXT

Personally I think NXT really needs another PR campaign, but it is out of my hands.

Bybitcoin did indicate he would pay me per NXT press release - but I have not heard anything from him for over a week - and to be honest these false accusations, and people promising things and not delivering on them, does not really motivate me to want to work with the NXT community any more.

So at this stage I am not doing any further promotion for NXT.

If anyone wishes to co-ordinate another PR campaign for NXT and has the maturity to come to an actual agreement regarding this, please just let me know.

Best

psybits

[bybitcoin]

Hi guys

You can see the first report from our NXT press release here (with over 300 news outlets the PR was published on): http://www.datafilehost.com/d/f2c4512a

Other notable mentions (please check the twitter link at the bottom):

http://finance.yahoo.com/news/bitcoin-descendant-nxt-features-100-051500739.html

http://bitcoinprbuzz.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://bitcoin.alltop.com/

http://cryptocoinupdates.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/#more-840

https://www.facebook.com/nxtcrypto

http://www.hypebuzz.com/search.php?q=bitcoin

http://bitcoin-tech.com/blogs/entry/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations

http://coinminded.com/bitcoin-descendant-nxt-features-100-original-code-base-green-mining-decentralized-trading-and-many-more-primary-innovations/

http://virtualmining.com/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more/

http://www.topix.com/economics/bitcoin/2013/12/bitcoin-descendant-nxt-features-100-new-code-green-mining-decentralized-trading-more

http://topbitcoinnews.com/bitcoin-descendant-nxt-features

Twitter: https://twitter.com/search?q=%22bitcoin%20descendant%20nxt%22&src=typd&f=realtime

http://newsbitcoin.com/?p=28433

http://cryptocoin.ws/?s=nxt

This press release was partially funded by 0.4 BTC in donations.

Any donations in NXT for this campaign, and to fund further campaigns, are welcome.

Please PM me to organise

The community asked you to please wait until we had the website put together and Nxt was open sourced.  Why did you run the press releases early?

This is the first of many press releases for NXT - I made sure I had bybitcoin's approval to run this particular campaign when we did.

The next press release will be after NXT has been made open source, and to announce this to the wider community and the world.

I mean this one...

I´ve written psybits a message 2 days ago, but no answer. Am I correct when I think that he just left with the money he got?

I've been on holiday (and very busy catching up with all the enquiries we received at http://bitcoinprbuzz.com over the holidays).

I would never desert anyone or any project - http://bitcoinprbuzz.com has been serving the community for over a year.

Bybitcoin decided not to give me the 100K NXT to do further promotion for NXT.

So I have not received any more NXT, to conduct any further promotion for NXT

Personally I think NXT really needs another PR campaign, but it is out of my hands.

Bybitcoin did indicate he would pay me per NXT press release - but I have not heard anything from him for over a week - and to be honest these false accusations, and people promising things and not delivering on them, does not really motivate me to want to work with the NXT community any more.

So at this stage I am not doing any further promotion for NXT.

If anyone wishes to co-ordinate another PR campaign for NXT and has the maturity to come to an actual agreement regarding this, please just let me know.

Best

psybits

psybits: why do you pull shit-lies over theses  threads, if you continue this way, I ll ask a moderator to reveal the contents of our pms,
so the community understand who is lying.
As I said several times, even recently once again when you've been absent for holidays, I have put 100K to supply the media coverage.
The only disagreement between us was when you changed your mind from receiving nxt and then btc with a small fluctuation in nxt price market.
As I saw you changing gears, I sent you a pm declaring that I ll stay about your previous plan to receive all in Nxt (and not btc).
And only because I saw you only caring about the fiat payment for the job, I informed you that I am not going to release and send the whole 100K
to you, as you take the whole thing as a prepaid job, that doesn't make you look a passionate Nxt supporter.
I told you I pay each round of media coverage in Nxt (and not the whole 100K for a year as we discussed before).
You replied back that you ll receive everything in advance before each coverage round and then you disappeared.

Now you come and tell us that I am a liar or I do not assist or whatever the fuck. Everything you do for Nxt, you inquire the payment prepaid in advance and then call a person like me (and the donators involved) liars or not helping, we all are doing it voluntarily and not for any reward.

It is your task and job to come ahead and inform the community that the next round of media coverage is under way and needs funding.
I just promised to provide the fund, and not being the expert to determine when and how should be the nect round.
So please stop shit lying, bring over your plan and timing and I ll provide the Nxt needed to cover it in media sites. I ll continue this up to 100K, but I ll not release the whole 100K at once to you, since I see you just an employee and not an Nxt supporter.
A Nxt supporter do not fluctuate between receiving in Nxt or BTC and also do not inquire everything prepaid!

[psybits]

I am sorry but I no longer wish to work with the NXT team.

Wishing you all the best.

Looking through my PM history I sent you 2 unanswered PM's bybitcoin - but I really do not wish to have a debate.

I'd simply rather focus my energy elsewhere.

Just for the record I changed my mind to BTC as I've been having problems with the NXT client on my computer, and I was concerned that my NXT stake would disappear if something happened to dgex.com (which doesn't even have 2FA). Also bybitcoin stated I could have the funds in BTC if I liked 

I understand this has probably been a series of misunderstandings, but I have no wish to continue in such an environment, especially when expletives start getting thrown around.

[salsacz]

he was gathering 0.5 Btc, it is 9000 nxt right now. He got 0.4 Btc, so psybits needs 2000 Nxt to continue :-)

[psybits]

he was gathering 0.5 Btc, it is 9000 nxt right now. He got 0.4 Btc, so psybits needs 2000 Nxt to continue :-)

That was for the campaign which has already finished - I ran it for a discount even though apparently I am not a NXT supporter.

[bybitcoin]

I am sorry but I no longer wish to work with the NXT team.

Wishing you all the best.

Looking through my PM history I sent you 2 unanswered PM's bybitcoin - but I really do not wish to have a debate.

I'd simply rather focus my energy elsewhere.

Just for the record I changed my mind to BTC as I've been having problems with the NXT client on my computer, and I was concerned that my NXT stake would disappear if something happened to dgex.com (which doesn't even have 2FA). Also bybitcoin stated I could have the funds in BTC if I liked 

I understand this has probably been a series of misunderstandings, but I have no wish to continue in such an environment, especially when expletives start getting thrown around.

I stated btc at fists, you said Nxt, that got fixed in my mind, then you changed to btc again when Nxt price decreased.
2 unanswered pm from me means nothing, there are a lot of people who have experienced the same (and I am sorry for that).
It was close to new year holidays, and as I stated the day before yesterday, it is now over 10 days that I am struggling with a bad cold and my body is still shaking. Morever your last pms were about how you desire to receive payments before-hand. You didn't mention anything about your coming round of media coverage at all. Again in the case of disagreement, I can ask a moderator to reveal the pms.

But yes no need for debate: I am sure you can find other clients and that we can also employ other people to do media coverage for us.
You have not offering us anything for free or even out of passion, you wanted expenses in fiat equivalence at once and prepaid!
Good day.

[psybits]

Good luck.

[bybitcoin]

Now that I paid all of the promised bounties, I can lock this thread with the relief and free mind.
From our donation pool, there remains ~148K that I can pay for media coverage and code review.
In the case nobody approach me for them to be spent on media coverage and code review, after a
month or so, I ll send them back to our big 1M donator, who can decide on its proper use based on his own
personal decisions.

I put 100K for financing media coverage: I do not stop nor push anybody from doing marketing.
What I can do is to help financing anyone who can do it up to 100K Nxt. And this I do as a favor
(not my favor, but the favor from all of our pool donators), and not as a task or debt.

Some people have the perception that it has been our task or job to pay or push things further.
This is not true: all we have done so far was out of our interest and passion for Nxt project.
We do not seek or desire anyone to thank us, but also we do not expect anyone thinking that
these were our debts or jobs. We were here to help Nxt at its childhood, and fortunately Nxt is
now a young adult with a big active community and I guess my help is no longer a necessity.

So many people pm d me or posted in this thread asking for a bounty. Some of them are developing
some exciting projects and they really deserve a bounty. Unfortunately our pool was limited and
was gathered from the first for some defined projects (video-articles-paper), but in continuation I
did my best and paid for several extra undefined projects from this very limited source.

I heard from Come-from-Beyond that BCNext possesses control over about 13M unclaimed coins that
he is to use for rewards, bounties and so.
I believe the best way to use those funds is to define important project and finance them, or to  pay
good projects that need a bounty case by case (a lot of them has been posted in this thread).

I ll soon add a final report about all the details of my donation pool and spent funds at the end of this
thread. Thank you all!