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Author Topic: | Nxt | Blockchain Platform | Proof of Stake | Official  (Read 938126 times)
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farl4web
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May 26, 2016, 09:22:23 PM
 #7661

I thought the current Nxt was going to be one of the childchains of Nxt 2.0/FXT. Haha, still learning. Not much time to read all more in details.  Wink

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May 26, 2016, 10:50:18 PM
 #7662

I originally thought that we would keep NXT as it is, then add "Fnxt" alongside for forging.
So now, if im correct is that NXT will remain, but FXT and FNX will be added as seperate chains?

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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May 27, 2016, 06:41:41 AM
 #7663

I take it that once the transition is made that NXT will eventually phase out?

I'd say that this is an assumption and may well be wrong.

Nxt 1.x will be supported for at least a year after mainnet 2.0 launches (until Q2 2018).

Personally, I think it still has plenty of options and could probably be useful.

Discarding old stuff is not always a good idea.

Conversely, it might even be taken over by a completely new set of devs.

To say it's going to just fade out is premature.


Sorry, perhaps i dont fully understand, but i thought NXT 2.0 was designed to replace the old NXT blockchain?

We have seen similar things happen with other coins in the past.

No Nxt as it is stays. But now it will get a motherchain underneath. You can use Nxt as you do now! Smiley

EDIT: I added the news to Nxt.org https://nxt.org/russias-central-securities-depository-uses-nxt-blockchain-voting/

Sorry, but this needs to be corrected.

Nxt 1.x will remain and will continue to be supported.

Nxt 2.0 is a new chain, that is split into a main chain (which will validate using FXT) and many child chains (the first of which will be using FNX as transactional token).

Nxt 1.x and 2.0 will have no direct relation on a blockchain.

Nxt 1.x is not being abandoned, but it will not receive new features from the core team. It will get bugfixes and updates that are required for safety and maintenance.
This does not mean new devs could not take on this project, though.

Will holders of Nxt get Nxt 2.0 and Fnxt?
nzminer
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May 27, 2016, 06:46:49 AM
 #7664

I take it that once the transition is made that NXT will eventually phase out?

I'd say that this is an assumption and may well be wrong.

Nxt 1.x will be supported for at least a year after mainnet 2.0 launches (until Q2 2018).

Personally, I think it still has plenty of options and could probably be useful.

Discarding old stuff is not always a good idea.

Conversely, it might even be taken over by a completely new set of devs.

To say it's going to just fade out is premature.


Sorry, perhaps i dont fully understand, but i thought NXT 2.0 was designed to replace the old NXT blockchain?

We have seen similar things happen with other coins in the past.

No Nxt as it is stays. But now it will get a motherchain underneath. You can use Nxt as you do now! Smiley

EDIT: I added the news to Nxt.org https://nxt.org/russias-central-securities-depository-uses-nxt-blockchain-voting/

Sorry, but this needs to be corrected.

Nxt 1.x will remain and will continue to be supported.

Nxt 2.0 is a new chain, that is split into a main chain (which will validate using FXT) and many child chains (the first of which will be using FNX as transactional token).

Nxt 1.x and 2.0 will have no direct relation on a blockchain.

Nxt 1.x is not being abandoned, but it will not receive new features from the core team. It will get bugfixes and updates that are required for safety and maintenance.
This does not mean new devs could not take on this project, though.

Will holders of Nxt get Nxt 2.0 and Fnxt?

Yes i believe so.

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
farl4web
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May 27, 2016, 08:16:59 AM
 #7665

I take it that once the transition is made that NXT will eventually phase out?

I'd say that this is an assumption and may well be wrong.

Nxt 1.x will be supported for at least a year after mainnet 2.0 launches (until Q2 2018).

Personally, I think it still has plenty of options and could probably be useful.

Discarding old stuff is not always a good idea.

Conversely, it might even be taken over by a completely new set of devs.

To say it's going to just fade out is premature.


Sorry, perhaps i dont fully understand, but i thought NXT 2.0 was designed to replace the old NXT blockchain?

We have seen similar things happen with other coins in the past.

No Nxt as it is stays. But now it will get a motherchain underneath. You can use Nxt as you do now! Smiley

EDIT: I added the news to Nxt.org https://nxt.org/russias-central-securities-depository-uses-nxt-blockchain-voting/

Sorry, but this needs to be corrected.

Nxt 1.x will remain and will continue to be supported.

Nxt 2.0 is a new chain, that is split into a main chain (which will validate using FXT) and many child chains (the first of which will be using FNX as transactional token).

Nxt 1.x and 2.0 will have no direct relation on a blockchain.

Nxt 1.x is not being abandoned, but it will not receive new features from the core team. It will get bugfixes and updates that are required for safety and maintenance.
This does not mean new devs could not take on this project, though.

So, a childchain on Nxt 2.0 doesn't look the same as Nxt 1.x? Or maybe in the beginning, but after a while new functions will be added to the Nxt 2.0 childchains and NOT to Nxt 1.x?

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May 27, 2016, 04:44:57 PM
 #7666

So, a childchain on Nxt 2.0 doesn't look the same as Nxt 1.x? Or maybe in the beginning, but after a while new functions will be added to the Nxt 2.0 childchains and NOT to Nxt 1.x?

The FNX chain will be as Nxt 1.x with the added benefits of being on the Nxt 2.0 platform.

Nxt 1.x will in this plan only be supported with bugfixes and general support, but work on new features will be done on 2.0. However, if other devs want to work on 1.x, this is still possible. The core team just doesn't have the man hours to do both.

Will holders of Nxt get Nxt 2.0 and Fnxt?

Yes and yes.

They will get Fnxt (now FXT) ata 1:1 ratio based on a three month snapshot period (they will receive assets representing them which will be freely tradeable) and will receive FNX (the Nxt 2.0 tokens if you will) at a 1:0,5 ratio at the time of launch of mainnet 2.0.

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
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May 29, 2016, 07:00:10 AM
 #7667

So, a childchain on Nxt 2.0 doesn't look the same as Nxt 1.x? Or maybe in the beginning, but after a while new functions will be added to the Nxt 2.0 childchains and NOT to Nxt 1.x?

The FNX chain will be as Nxt 1.x with the added benefits of being on the Nxt 2.0 platform.

Nxt 1.x will in this plan only be supported with bugfixes and general support, but work on new features will be done on 2.0. However, if other devs want to work on 1.x, this is still possible. The core team just doesn't have the man hours to do both.

Will holders of Nxt get Nxt 2.0 and Fnxt?

Yes and yes.

They will get Fnxt (now FXT) ata 1:1 ratio based on a three month snapshot period (they will receive assets representing them which will be freely tradeable) and will receive FNX (the Nxt 2.0 tokens if you will) at a 1:0,5 ratio at the time of launch of mainnet 2.0.

When does the snapshot begin? What about Nxt on exchange wallets?
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May 29, 2016, 07:22:23 AM
 #7668

So, a childchain on Nxt 2.0 doesn't look the same as Nxt 1.x? Or maybe in the beginning, but after a while new functions will be added to the Nxt 2.0 childchains and NOT to Nxt 1.x?

The FNX chain will be as Nxt 1.x with the added benefits of being on the Nxt 2.0 platform.

Nxt 1.x will in this plan only be supported with bugfixes and general support, but work on new features will be done on 2.0. However, if other devs want to work on 1.x, this is still possible. The core team just doesn't have the man hours to do both.

Will holders of Nxt get Nxt 2.0 and Fnxt?

Yes and yes.

They will get Fnxt (now FXT) ata 1:1 ratio based on a three month snapshot period (they will receive assets representing them which will be freely tradeable) and will receive FNX (the Nxt 2.0 tokens if you will) at a 1:0,5 ratio at the time of launch of mainnet 2.0.

When does the snapshot begin? What about Nxt on exchange wallets?

https://nxt.org/roadmap/

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May 29, 2016, 05:48:34 PM
 #7669

The second Nxt Vanity Account auction has started, starting bid 100 NXT!

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
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May 30, 2016, 03:44:06 PM
 #7670

Going on to support 1.x while keeping 50% of transactional token of 2.0 is a genius idea. By that you get funding and avoid expropriation. It's like squaring the circle. Strange that this great and simple idea didn't come up in the big discussions of the last months.
Well, it's kinda risky. It could lead to 2.0 failing. All the Digital Good Store goods, and Asset Exchange assets, will by default remain on the 1.0 chain. So by default that's where all the action is. With 1.0 continuing for at least a year, there's no particular reason to move. Basically, 2.0 will be a new alt-coin that competes with 1.0. Unlike most new alt-coins, it'll inherit many of the perceived problems of Nxt including the initial distribution. That the devs will be holding onto 50% of the transactional coin will be seen as a further distribution problem by some. 2.0 is supposed to be more scalable, but scalability has been only an academic problem so far because the relatively small number of users, so who really cares? God knows what will happen to prices. Each NXT will effectively split into three coins, and we have no idea how much of the value will go where.

Maybe, when 2.0 launches, a lot of people will decide to wait and see before moving their assets. If not enough people switch their activity to the new chain, 2.0 could fail.

(And in the mean time, the Nxt community is incurring a huge opportunity cost as man-years of effort are poured into 2.0 instead of into other features.)

Bitcoin: 1BrangfWu2YGJ8W6xNM7u66K4YNj2mie3t Nxt: NXT-XZQ9-GRW7-7STD-ES4DB
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May 30, 2016, 07:13:45 PM
 #7671

Going on to support 1.x while keeping 50% of transactional token of 2.0 is a genius idea. By that you get funding and avoid expropriation. It's like squaring the circle. Strange that this great and simple idea didn't come up in the big discussions of the last months.
Well, it's kinda risky. It could lead to 2.0 failing. All the Digital Good Store goods, and Asset Exchange assets, will by default remain on the 1.0 chain. So by default that's where all the action is. With 1.0 continuing for at least a year, there's no particular reason to move. Basically, 2.0 will be a new alt-coin that competes with 1.0. Unlike most new alt-coins, it'll inherit many of the perceived problems of Nxt including the initial distribution. That the devs will be holding onto 50% of the transactional coin will be seen as a further distribution problem by some. 2.0 is supposed to be more scalable, but scalability has been only an academic problem so far because the relatively small number of users, so who really cares? God knows what will happen to prices. Each NXT will effectively split into three coins, and we have no idea how much of the value will go where.

Maybe, when 2.0 launches, a lot of people will decide to wait and see before moving their assets. If not enough people switch their activity to the new chain, 2.0 could fail.

(And in the mean time, the Nxt community is incurring a huge opportunity cost as man-years of effort are poured into 2.0 instead of into other features.)

All this is potentially true. However, I think many of the major assets will have moved to platforms like Waves long before any of these other things happen. What makes a platform attractive is # of users and the Nxt Asset Exchange destroyed its ability to keep market share. So it will be replaced. Yes, some will be lazy and stay, but not the ones interested in their immediate future.
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May 30, 2016, 07:28:01 PM
 #7672

NXT is a pioneer  in showing crypto space how to destroy a coin from inside .
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May 30, 2016, 07:54:54 PM
 #7673

Going on to support 1.x while keeping 50% of transactional token of 2.0 is a genius idea. By that you get funding and avoid expropriation. It's like squaring the circle. Strange that this great and simple idea didn't come up in the big discussions of the last months.
Well, it's kinda risky. It could lead to 2.0 failing. All the Digital Good Store goods, and Asset Exchange assets, will by default remain on the 1.0 chain. So by default that's where all the action is. With 1.0 continuing for at least a year, there's no particular reason to move. Basically, 2.0 will be a new alt-coin that competes with 1.0. Unlike most new alt-coins, it'll inherit many of the perceived problems of Nxt including the initial distribution. That the devs will be holding onto 50% of the transactional coin will be seen as a further distribution problem by some. 2.0 is supposed to be more scalable, but scalability has been only an academic problem so far because the relatively small number of users, so who really cares? God knows what will happen to prices. Each NXT will effectively split into three coins, and we have no idea how much of the value will go where.

Maybe, when 2.0 launches, a lot of people will decide to wait and see before moving their assets. If not enough people switch their activity to the new chain, 2.0 could fail.

(And in the mean time, the Nxt community is incurring a huge opportunity cost as man-years of effort are poured into 2.0 instead of into other features.)

All this is potentially true. However, I think many of the major assets will have moved to platforms like Waves long before any of these other things happen. What makes a platform attractive is # of users and the Nxt Asset Exchange destroyed its ability to keep market share. So it will be replaced. Yes, some will be lazy and stay, but not the ones interested in their immediate future.

I think these platforms like Waves first need to proof themselves. Companies don't just put their assets on a alpha-platform with low fly hours. Nxt has the best AE in the crypto world.

Follow the latest blockchain news: https://twitter.com/blockchainguide
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May 31, 2016, 05:18:49 AM
 #7674

Going on to support 1.x while keeping 50% of transactional token of 2.0 is a genius idea. By that you get funding and avoid expropriation. It's like squaring the circle. Strange that this great and simple idea didn't come up in the big discussions of the last months.
Well, it's kinda risky. It could lead to 2.0 failing. All the Digital Good Store goods, and Asset Exchange assets, will by default remain on the 1.0 chain. So by default that's where all the action is. With 1.0 continuing for at least a year, there's no particular reason to move. Basically, 2.0 will be a new alt-coin that competes with 1.0. Unlike most new alt-coins, it'll inherit many of the perceived problems of Nxt including the initial distribution. That the devs will be holding onto 50% of the transactional coin will be seen as a further distribution problem by some. 2.0 is supposed to be more scalable, but scalability has been only an academic problem so far because the relatively small number of users, so who really cares? God knows what will happen to prices. Each NXT will effectively split into three coins, and we have no idea how much of the value will go where.

Maybe, when 2.0 launches, a lot of people will decide to wait and see before moving their assets. If not enough people switch their activity to the new chain, 2.0 could fail.

(And in the mean time, the Nxt community is incurring a huge opportunity cost as man-years of effort are poured into 2.0 instead of into other features.)

All this is potentially true. However, I think many of the major assets will have moved to platforms like Waves long before any of these other things happen. What makes a platform attractive is # of users and the Nxt Asset Exchange destroyed its ability to keep market share. So it will be replaced. Yes, some will be lazy and stay, but not the ones interested in their immediate future.

I think these platforms like Waves first need to proof themselves. Companies don't just put their assets on a alpha-platform with low fly hours. Nxt has the best AE in the crypto world.

Well all of JL777s project assets are going on Waves and will be pegged against BTC. Coinamat as also leaving I believe. Nxt Asset exchange will still have Jinn, but I am not sure what other significant projects it will retain.
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May 31, 2016, 07:31:16 AM
 #7675

Going on to support 1.x while keeping 50% of transactional token of 2.0 is a genius idea. By that you get funding and avoid expropriation. It's like squaring the circle. Strange that this great and simple idea didn't come up in the big discussions of the last months.
Well, it's kinda risky. It could lead to 2.0 failing. All the Digital Good Store goods, and Asset Exchange assets, will by default remain on the 1.0 chain. So by default that's where all the action is. With 1.0 continuing for at least a year, there's no particular reason to move. Basically, 2.0 will be a new alt-coin that competes with 1.0. Unlike most new alt-coins, it'll inherit many of the perceived problems of Nxt including the initial distribution. That the devs will be holding onto 50% of the transactional coin will be seen as a further distribution problem by some. 2.0 is supposed to be more scalable, but scalability has been only an academic problem so far because the relatively small number of users, so who really cares? God knows what will happen to prices. Each NXT will effectively split into three coins, and we have no idea how much of the value will go where.

Maybe, when 2.0 launches, a lot of people will decide to wait and see before moving their assets. If not enough people switch their activity to the new chain, 2.0 could fail.

(And in the mean time, the Nxt community is incurring a huge opportunity cost as man-years of effort are poured into 2.0 instead of into other features.)

All this is potentially true. However, I think many of the major assets will have moved to platforms like Waves long before any of these other things happen. What makes a platform attractive is # of users and the Nxt Asset Exchange destroyed its ability to keep market share. So it will be replaced. Yes, some will be lazy and stay, but not the ones interested in their immediate future.

I think these platforms like Waves first need to proof themselves. Companies don't just put their assets on a alpha-platform with low fly hours. Nxt has the best AE in the crypto world.

Well all of JL777s project assets are going on Waves and will be pegged against BTC. Coinamat as also leaving I believe. Nxt Asset exchange will still have Jinn, but I am not sure what other significant projects it will retain.

FARLAWEB ...  Smiley
LQD
NEXT
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More than Waves has.  Cheesy

Why would james go to Waves? He has Supernet... shall he abandon one of it's core coins?

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June 01, 2016, 11:25:00 AM
 #7676

May 2016 Profit Summary (LQD, Asset #17750387231635486778)

Stats URL: http://liquidtech.info/summary
Assets: 325,359
Capital: 8,432,796
ROI: 66.57%
Total Profit: 3,370,122
Divs Paid: 1,011,037
Div/Asset: 3.107 (TX: 13317707396644648277)

Well, I think the numbers speak for themselves.  Profit over 3M NXT or 24BTC!  Massive volume in May mainly from ETH and MAID and then at the end LSK and DOA really brought some great returns this month.  One week, we made over 1 million in trade profits alone.

Still a large part of the total profit came from the drop in the price of NXT, so not great there, but it does increase the fund's NXT value because we mainly hold BTC for trading.  The algorithm is working well, although I'm still tweaking here and there as edge cases arise.

Remember, check your NXT LEDGER for the dividend. If your shares are on Poloniex (https://poloniex.com/exchange#btc_lqd), Tristan has already been alerted and should be paying out soon.

Thanks for your investment.  Feel free to contact me on NXT slack or here on the forum if you have any questions.

LibertyNow

Liquid Tech, Asset #17750387231635486778, http://www.liquidtech.info
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June 01, 2016, 12:38:28 PM
 #7677

May 2016 Profit Summary (LQD, Asset #17750387231635486778)

Stats URL: http://liquidtech.info/summary
Assets: 325,359
Capital: 8,432,796
ROI: 66.57%
Total Profit: 3,370,122
Divs Paid: 1,011,037
Div/Asset: 3.107 (TX: 13317707396644648277)

Well, I think the numbers speak for themselves.  Profit over 3M NXT or 24BTC!  Massive volume in May mainly from ETH and MAID and then at the end LSK and DOA really brought some great returns this month.  One week, we made over 1 million in trade profits alone.

Still a large part of the total profit came from the drop in the price of NXT, so not great there, but it does increase the fund's NXT value because we mainly hold BTC for trading.  The algorithm is working well, although I'm still tweaking here and there as edge cases arise.

Remember, check your NXT LEDGER for the dividend. If your shares are on Poloniex (https://poloniex.com/exchange#btc_lqd), Tristan has already been alerted and should be paying out soon.

Thanks for your investment.  Feel free to contact me on NXT slack or here on the forum if you have any questions.

LibertyNow

Great one! Thanks for the dividend!  Smiley

I paid the div for my FARLAWEB asset holders too today:  Smiley

FARLAWEB (17491339106794048806) Total issued assets: 10000000, Assets to be distributed to: 138375
Summary of proposed distribution of 38108.475 NXT to the 521 assetholders
Based on ownership at timestamp 79489690

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June 01, 2016, 03:48:23 PM
 #7678

So, a childchain on Nxt 2.0 doesn't look the same as Nxt 1.x? Or maybe in the beginning, but after a while new functions will be added to the Nxt 2.0 childchains and NOT to Nxt 1.x?

The FNX chain will be as Nxt 1.x with the added benefits of being on the Nxt 2.0 platform.

Nxt 1.x will in this plan only be supported with bugfixes and general support, but work on new features will be done on 2.0. However, if other devs want to work on 1.x, this is still possible. The core team just doesn't have the man hours to do both.

Will holders of Nxt get Nxt 2.0 and Fnxt?

Yes and yes.

They will get Fnxt (now FXT) ata 1:1 ratio based on a three month snapshot period (they will receive assets representing them which will be freely tradeable) and will receive FNX (the Nxt 2.0 tokens if you will) at a 1:0,5 ratio at the time of launch of mainnet 2.0.

When does the snapshot begin? What about Nxt on exchange wallets?

https://nxt.org/roadmap/


Great roadmap. Smiley

There will be quite a long transition period allowing both Nxt 1.x and Nxt 2.0 coexist.

This will give enough time for Nxt 1.x holders to decide whether or when they'll switch.
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June 01, 2016, 11:31:35 PM
 #7679

The Nxt foundation wants to welcome a new member:

Quote
Hello everyone,

We decided to publicly disclose that I joined the NXT Foundation a few days ago. While I am not the most active person on the forum I work as a banking consultant for Sopra Steria (Consulting and Technology Company) and am at the front line when introducing the blockchain technology to Banks and Financial Institutions in Europe. As you might have understood, I mostly work on Blockchain in my daily work.

Therefore my role will be to promote NXT and grant licenses to companies that want to build products both on top of NXT or on private NXT chains.

We have been working with major banks and payment companies in France, and I promoted NXT when it could be. Please note that this activity is not linked to my Sopra Steria activities directly. Whether I may or may not promote NXT during meetings is based on deep analysis of the various frameworks available in the open source communities and I do not receive any money from the Foundation or the developers. If this should change I would keep the community informed.
Additionally, I am one of the original NXT Founders, here is the proof:

Token : lt3d0e8r19eko4b69a257dr5g25o6gfhjisvov67313lrramnkeei18bp9se81g4hvoqdma1tqfapm9 hth05vu6qh19lbp9t6rqn4pjqo4i0dn9mj3m6r5peu9ou2h4q1u88mptj68ua3tsid5tio9l8kvjeed fq

Data : Founder

Please feel free to ask me any information regarding my work for the Foundation, or why I believe that NXT has the keys to succeed. I hope that we will be able to bring you good news soon. Please understand that I can’t speak of any ongoing deals or discussions with any financial institution.

Best.

Alexandre

https://nxtforum.org/news-and-announcements/nxt-foundation-new-member-introducing-myself/

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog
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Merit: 1039


White Male Libertarian Bro


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June 02, 2016, 05:49:57 AM
 #7680


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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