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Author Topic: | Nxt | Blockchain Platform | Proof of Stake | Official  (Read 938127 times)
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farl4web
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June 02, 2016, 07:33:11 AM
 #7681

Great interview with Vincent Everts on Bitcoinwednesday in Amsterdam yesterday.  Smiley


https://www.youtube.com/watch?v=7UltaENdSKk



https://twitter.com/NxtCommunity/status/738110353381412868

Looks like a great day with speakers like Evildave, Capodieci and Tosch. Great job guys!

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June 02, 2016, 08:45:51 AM
 #7682

Democracy Now Project update!



Quote
Actually it's going awesome.  Sorry I've been so quiet.  I moved up north to be closer to this project, but my computer didn't survive the move.  Fortunately the data loss to this project was minimal.  Also I had a huge edge...
Eric who introduced himself earlier has been a HUGE help and if this is successful it will be in large part due to his efforts.

So here's where we stand...

For the purposes of the primary we decided to keep things as simple as possible.  This means we will be using the default NXT voting system, with custom, extremely simple client on top of the existing JSON rest APIs.

It works for the primaries because there are no write in fields we need to accommodate.

In order to control access to the poll, we created a new NXT monetary asset called VOTEUM symbol VOTUM.  It's just an internal marker, not intended for general consumption.

In the next 24hrs we will be performing a dry run by setting up a mock poll exactly like the one we will be using in the real primary.

The purpose of the dry run is to shake out the custom voting client we created, vetting it on as many different devices as possible prior to the primary.  So when the dry run is ready I will be posting instructions on how to download the client.  Once the client is installed, just post your NXT address and I will send some VOTUM so you can participate too.

If you happen to live in California we could really use more boots on the ground, especially technically literate boots.
We are starting to get media attention, and this attention is causing the ranks to swell.
https://www.facebook.com/notes/election-justice-usa/independent-citizens-election-audit-to-be-conducted-in-select-precincts-in-calif/889795561147138

As a side note the "code" talked about in that posting is actually an NXT paper wallet, so we're basically turning every California primary voter into an NXT user too.
Enjoy!

p.s. Riker, the wallet at http://62.194.6.113:7876/index.html is outdated. Since it's kind of the "semi-official webwallet" and linked from the NXT main page, someone really should get that fixed as soon as possible since we will be directing the California primary voters to there to check their results.

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June 02, 2016, 12:32:18 PM
 #7683

If you're a shareholder of the CryptoCoin asset from CFA Consulting, please raise your voice here:
https://nxtforum.org/asset-exchange-general/cryptocoins-the-first-crypto-hedge-fund-bridging-euro-and-asset-exchange/msg218200/#msg218200

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June 02, 2016, 12:48:31 PM
 #7684

CORE Magazine JUNE Edition



- Bitcoin News bought to you from Bitscan
- NXT 2.0 Annoucement
- WAVES News
- COFINT Update
- ICOcountdown.com Interview
- Tau Chain Report by ICOcountdown.com
- SuperNET Update
- Transpotimers Comic
farl4web
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June 02, 2016, 09:05:49 PM
 #7685

I don't understand Nxt 2.0 for 100%, but I see a lot of potential for sure. And of course free FXT and free FNT.  Cheesy Damelon explained more about it on Slack and I want to share it here too.

Quote
1. release of the 1.9 version to mainnet.
This will be the start of the snapshot period for FXT distribution that will last for three months
This will be followed by
2. Automatic distribution of the FXT Token
This will start a period where people can freely trade FXT Token
I can imagine that this will also be done via "traditional" channels, so we might go to exchanges
3. This period ends with the creation of the Genesis block for Nxt 2.0
The Genesis block will mean the FXT becomes active and also that people will get FNX at a 1:05 ratio to what they have in their Nxt accounts at that time
Some key points that people ask often:
Q: will Nxt 1.x disappear
A: No, Nxt 1.x will *at least* be supported a full year after Nxt 2.0 goes live. This is not a hard limit, so if it's still actively used, this period may be extended
Q: Will we need to burn Nxt?
A: NO. ALL people holding Nxt will get a FREE ticket to Nxt 2.0 in the form of FXT
Q: Will Nxt 2.0 work on the Nxt blockchain?
A: No! Nxt 2.0 is a completely new and independent system
Q: Is this dilution?
A: This is a debatable statement. I've seen several takes on it. Good food for discussion, though
Q: Is Nxt 2.0 really free?
A: Yup, if you hold Nxt, you get in for free. Of course, if you don't have Nxt, you'll have to buy them

1 Nxt will give you 0,5 FNX
FNX is the transaction token (On the childchain)
1 Nxt will give you 1 FXT (Staking token, for forging/mining/staking, name is not in stone yet)

Hope this will help others understand Nxt 2.0 better. More to come soon with a professional marketing campaign (yes, Nxt and marketing are coming together)  Grin

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June 03, 2016, 03:46:50 AM
 #7686

I don't understand Nxt 2.0 for 100%, but I see a lot of potential for sure. And of course free FXT and free FNT.  Cheesy Damelon explained more about it on Slack and I want to share it here too.

Quote
1. release of the 1.9 version to mainnet.
This will be the start of the snapshot period for FXT distribution that will last for three months
This will be followed by
2. Automatic distribution of the FXT Token
This will start a period where people can freely trade FXT Token
I can imagine that this will also be done via "traditional" channels, so we might go to exchanges
3. This period ends with the creation of the Genesis block for Nxt 2.0
The Genesis block will mean the FXT becomes active and also that people will get FNX at a 1:05 ratio to what they have in their Nxt accounts at that time
Some key points that people ask often:
Q: will Nxt 1.x disappear
A: No, Nxt 1.x will *at least* be supported a full year after Nxt 2.0 goes live. This is not a hard limit, so if it's still actively used, this period may be extended
Q: Will we need to burn Nxt?
A: NO. ALL people holding Nxt will get a FREE ticket to Nxt 2.0 in the form of FXT
Q: Will Nxt 2.0 work on the Nxt blockchain?
A: No! Nxt 2.0 is a completely new and independent system
Q: Is this dilution?
A: This is a debatable statement. I've seen several takes on it. Good food for discussion, though
Q: Is Nxt 2.0 really free?
A: Yup, if you hold Nxt, you get in for free. Of course, if you don't have Nxt, you'll have to buy them

1 Nxt will give you 0,5 FNX
FNX is the transaction token (On the childchain)
1 Nxt will give you 1 FXT (Staking token, for forging/mining/staking, name is not in stone yet)

Hope this will help others understand Nxt 2.0 better. More to come soon with a professional marketing campaign (yes, Nxt and marketing are coming together)  Grin

Isint it supposed to be the opposite?

I thought 1 NXT will give you the same ratio of FNX? Or else if i currently hold 100K NXT for example, i will only get 50K of FNX?
I thought the staking token (FXT) was what we got the 50% ratio of?

Otherwise i assume the supply of NXT 2.0 is only going to be half a billion?

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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June 03, 2016, 08:59:43 AM
 #7687

FXT (staking token) will be distributed at a 1:1 ratio
FNX (transaction token on the first child chain) will be distributed at a 1:0,5 ratio.

Both will have a 1 billion supply

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June 03, 2016, 01:56:35 PM
 #7688

It's a good solution. Security token should stay decentralized. Because that's what blockchain tech is all about. The devs keeping 50% of the monetary token gives them the freedom and motivation to work on increasing the value of both tokens. Since the value of the monetary token is dependant on the security token's value. It's POS.

Is it important to have a highly liquid BTC/FXTasset market right after the snapshot to prevent a huge selloff of NXT? I am not sure about the market effects here...
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June 03, 2016, 07:45:25 PM
 #7689

I read a lot of that the NEXT asset is a good investment because it is paying a dividend regularly and that it will be transformed to the WAVES platform after release. I did a little research and figured out that the asset costs around 29 NXT at the moment and it is paying between 0.1 to 0.13 NXT dividend every two weeks. I am wondering if this is really such a good investment because the buying price is staggering. What is so special about the asset?
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June 03, 2016, 09:12:06 PM
 #7690

FXT (staking token) will be distributed at a 1:1 ratio
FNX (transaction token on the first child chain) will be distributed at a 1:0,5 ratio.

Both will have a 1 billion supply

OK, but as i understand both can be traded for each other?
Just seems strange that the total balance will be half than what we had first with NXT, but in saying that, we sill still be holding our original NXT and if the FNX potentially could be trading for more anyway?

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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June 03, 2016, 09:39:01 PM
 #7691

FXT (staking token) will be distributed at a 1:1 ratio
FNX (transaction token on the first child chain) will be distributed at a 1:0,5 ratio.

Both will have a 1 billion supply

OK, but as i understand both can be traded for each other?
Just seems strange that the total balance will be half than what we had first with NXT, but in saying that, we sill still be holding our original NXT and if the FNX potentially could be trading for more anyway?

And probably forging/staking will be profitable, because you forge the blocks of all the childchains with FXT.  Shocked

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June 04, 2016, 05:41:10 AM
 #7692

FXT (staking token) will be distributed at a 1:1 ratio
FNX (transaction token on the first child chain) will be distributed at a 1:0,5 ratio.

Both will have a 1 billion supply

OK, but as i understand both can be traded for each other?
Just seems strange that the total balance will be half than what we had first with NXT, but in saying that, we sill still be holding our original NXT and if the FNX potentially could be trading for more anyway?

And probably forging/staking will be profitable, because you forge the blocks of all the childchains with FXT.  Shocked

Well that will be sweet, as this means there will be a good incentive for running a node, which there really currently is no real incentive for forgers at the moment.

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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June 04, 2016, 10:16:57 AM
 #7693

If you're a shareholder of the CryptoCoin asset from CFA Consulting, please gather here to resurrect the funds:
https://nxtforum.org/index.php?topic=6958.msg218200#msg218200

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
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June 04, 2016, 10:45:13 AM
 #7694

If you're a shareholder of the CryptoCoin asset from CFA Consulting, please gather here to resurrect the funds:
https://nxtforum.org/index.php?topic=6958.msg218200#msg218200
Wow. Is DomP still playing the 'family difficulties' card?

Go get him. 
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June 04, 2016, 03:39:14 PM
 #7695

http://www.drachmae.info/drachmae-publisher/6-permissioned-nodes-blockchain-merged-with-nxt-public-blockchain-voting
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June 05, 2016, 04:19:38 PM
 #7696

Why would james go to Waves? He has Supernet... shall he abandon one of it's core coins?
He doesn't trust the Nxt devs, basically. Partly because they broke backwards compatibility so many times. Partly because he wasn't happy with 2.0 as it was originally presented, especially the fact that the devs were committed to doing it regardless of whatever he, or anyone else, said. At the time it was thought 2.0 would replace 1.0 and all the assets forcibly moved to the new network. He expressed a concern that splitting NXT into forging and transactional coins would affect the value of the transactional coin and thus cause problems for any asset priced in NXT. That's why he felt he had to "rescue" his assets.

Now the original plan has been revised, and I'm not sure if his objections still hold, but there's clearly a lot of instability on the horizon. All the above is my interpretation of what he wrote on the Nxt forums, so I may have misunderstood. He doesn't hang out there any more, so I've no idea about his current views. I doubt he'll come back for a long time, if ever. He's disgusted with us.

FXT (staking token) will be distributed at a 1:1 ratio
FNX (transaction token on the first child chain) will be distributed at a 1:0,5 ratio.

Both will have a 1 billion supply

OK, but as i understand both can be traded for each other?
Just seems strange that the total balance will be half than what we had first with NXT, but in saying that, we sill still be holding our original NXT and if the FNX potentially could be trading for more anyway?
The total balance will be the same, 1 billion. The devs are keeping half back for community funds.

Bitcoin: 1BrangfWu2YGJ8W6xNM7u66K4YNj2mie3t Nxt: NXT-XZQ9-GRW7-7STD-ES4DB
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June 07, 2016, 03:17:26 PM
 #7697

dear everyone, im so confuse,
i known NXT from youtube video of Marc De Mesel, i wuld like to love NXT, if i understood what it is

1. could anyone enlighten me, what is the difference between NXT and etherium, also LISK
(NXT and LISK both using java, but all could easy into programming specially etherium)

2. english is not my native language, blockchain and coinbase is very easy to use, but NXT dashboard is confusing, i dont even know what all those feature for, and how to use it
i cant even decide how to accept NXT, also how to send the money both reveal/anonymous , i think people need dummy tutorial on how to use every feature, and please simplify things.. to many text and confusing code or icon makes my brain overheat

3. is it save to buy NXT now, was told there is going to be fork and potentially ruin the beauty of the cripto (even i dont know how to use it)


please teach me..
so i know what to tell to all my friends about NXT (i often use bitcoin,, A LOT, and cannot understand how to use NXT, and all its feature)

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June 07, 2016, 03:37:19 PM
 #7698

dear everyone, im so confuse,
i known NXT from youtube video of Marc De Mesel, i wuld like to love NXT, if i understood what it is

1. could anyone enlighten me, what is the difference between NXT and etherium, also LISK
(NXT and LISK both using java, but all could easy into programming specially etherium)

2. english is not my native language, blockchain and coinbase is very easy to use, but NXT dashboard is confusing, i dont even know what all those feature for, and how to use it
i cant even decide how to accept NXT, also how to send the money both reveal/anonymous , i think people need dummy tutorial on how to use every feature, and please simplify things.. to many text and confusing code or icon makes my brain overheat

3. is it save to buy NXT now, was told there is going to be fork and potentially ruin the beauty of the cripto (even i dont know how to use it)


please teach me..
so i know what to tell to all my friends about NXT (i often use bitcoin,, A LOT, and cannot understand how to use NXT, and all its feature)


Perhaps you can tell us more specifically what you don't understand? Using NXT is very much like using Bitcoin. There are just many more transaction types other than just sending coins (tokens).
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June 07, 2016, 04:17:26 PM
 #7699

dear everyone, im so confuse,
i known NXT from youtube video of Marc De Mesel, i wuld like to love NXT, if i understood what it is

1. could anyone enlighten me, what is the difference between NXT and etherium, also LISK
(NXT and LISK both using java, but all could easy into programming specially etherium)

2. english is not my native language, blockchain and coinbase is very easy to use, but NXT dashboard is confusing, i dont even know what all those feature for, and how to use it
i cant even decide how to accept NXT, also how to send the money both reveal/anonymous , i think people need dummy tutorial on how to use every feature, and please simplify things.. to many text and confusing code or icon makes my brain overheat

3. is it save to buy NXT now, was told there is going to be fork and potentially ruin the beauty of the cripto (even i dont know how to use it)


please teach me..
so i know what to tell to all my friends about NXT (i often use bitcoin,, A LOT, and cannot understand how to use NXT, and all its feature)

I make some of your observations absolutely valid. The problem is, many of those confusing dashboard features were far too clever, and completely unnecessary, at the time they were conceived. I dont believe they are used that much, at this time.
NXT was very innovative and in some ways, groundbreaking. But it seems the "build it, and they will come" phrase, should not have been relied upon.
Your problems adopting it yourself, is interesting, and should be fundamentally understood by any dev from this time forward, if a project has any chance of being adopted in any meaningful way.

     
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June 09, 2016, 09:08:47 AM
Last edit: June 09, 2016, 12:28:34 PM by farl4web
 #7700

Summary from Nxtforum.org


Nxt Foundation member Damelon quits his job and starts working fulltime for Nxt
https://nxtforum.org/general-discussion/quitting-job-moving-100-into-nxt/


Member Marenkar is back in Nxt and starts working with the Nxt foundation on marketing, organization
and his personel goal: help the community push NXT past Ethereum

https://nxtforum.org/introduce-yourself/i'm-back!-11431/


Forummember The Walker presented Nxt on a Mexican Nationwide Social Organization: Congreso Nacional Ciudadano.
A lot of interest came from this big organization.

https://nxtforum.org/general-discussion/using-nxt-platform-for-government-and-social-initiatives-in-mexico/msg218656/#msg218656


A group of wealthy investors are trying to make use changes! They want a whole country to adopt Nxt.
They are creating a solution for a nation wide blockchain platform using Nxt. Do you think this is possible?

https://nxtforum.org/monetary-system-153/a-whole-country-adopting-nxt/


What will be the new name of Nxt.... a really important question. Nxt is decentralized,
so everybody can help and maybe your name will be chosen by the community!

https://nxtforum.org/general-discussion/new-name-ideas-of-nxt-(easier-to-find-on-google-f-e-)/

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