[ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer

[pikuchato]

"With Counterparty Contracts, users may write Turing Complete smart contracts into the Bitcoin blockchain and execute their code on all Counterparty nodes. We’ve ported Ethereum’s language and virtual machine over to the Counterparty platform, using the pyethereum codebase. The result is hosted on GitHub and open for public testing. Today, you can take Turing Complete Ethereum code, or write your own, and run it on Bitcoin with Counterparty. Anything that one could ever do with Ethereum, one can now do with Bitcoin and Counterparty."

Any chance this can be implemented over supernet as well? or over nxt? or over both?

[Momimaus]

"With Counterparty Contracts, users may write Turing Complete smart contracts into the Bitcoin blockchain and execute their code on all Counterparty nodes. We’ve ported Ethereum’s language and virtual machine over to the Counterparty platform, using the pyethereum codebase. The result is hosted on GitHub and open for public testing. Today, you can take Turing Complete Ethereum code, or write your own, and run it on Bitcoin with Counterparty. Anything that one could ever do with Ethereum, one can now do with Bitcoin and Counterparty."

Any chance this can be implemented over supernet as well? or over nxt? or over both?

Who said that?

[ShroomsKit_Disgrace]

"With Counterparty Contracts, users may write Turing Complete smart contracts into the Bitcoin blockchain and execute their code on all Counterparty nodes. We’ve ported Ethereum’s language and virtual machine over to the Counterparty platform, using the pyethereum codebase. The result is hosted on GitHub and open for public testing. Today, you can take Turing Complete Ethereum code, or write your own, and run it on Bitcoin with Counterparty. Anything that one could ever do with Ethereum, one can now do with Bitcoin and Counterparty."

Any chance this can be implemented over supernet as well? or over nxt? or over both?

That would be AT in NXT. It is ready to be implemented, but devs hesitate coz of the fatal bugs.

[pikuchato]

"With Counterparty Contracts, users may write Turing Complete smart contracts into the Bitcoin blockchain and execute their code on all Counterparty nodes. We’ve ported Ethereum’s language and virtual machine over to the Counterparty platform, using the pyethereum codebase. The result is hosted on GitHub and open for public testing. Today, you can take Turing Complete Ethereum code, or write your own, and run it on Bitcoin with Counterparty. Anything that one could ever do with Ethereum, one can now do with Bitcoin and Counterparty."

Any chance this can be implemented over supernet as well? or over nxt? or over both?

That would be AT in NXT. It is ready to be implemented, but devs hesitate coz of the fatal bugs.

Can you please post a link to the discussion about it?

"With Counterparty Contracts, users may write Turing Complete smart contracts into the Bitcoin blockchain and execute their code on all Counterparty nodes. We’ve ported Ethereum’s language and virtual machine over to the Counterparty platform, using the pyethereum codebase. The result is hosted on GitHub and open for public testing. Today, you can take Turing Complete Ethereum code, or write your own, and run it on Bitcoin with Counterparty. Anything that one could ever do with Ethereum, one can now do with Bitcoin and Counterparty."

Any chance this can be implemented over supernet as well? or over nxt? or over both?

Who said that?

http://counterparty.io/news/counterparty-recreates-ethereums-smart-contract-platform-on-bitcoin/

[jl777]

Hey James,

are we satisfied with Instantdex. As I understand it is a centralised solution.
Looks like NODE is doing it decentralized. Their new algortihm is out and working. Of course till now with small amounts of transactions.
Maybe NODE will be a good additive to supernets core, by adding instant transactions.
Maybe you already know all of it, but if not, please take a look.

https://bitcointalk.org/index.php?topic=590421.0

disclaimer: of course I own some Node, but an irrelevant amount in comparision to my supernet tokens.

why do you think InstantDEX is centralized?
InstantDEX itself is fully decentralized. If you are trading things that are backed by MGW assets, then since MGW is distributed (between centralized and decentralized) arguably there is some risk from the distributed (vs decentralized) nature of the asset. However, there are also other types of ways instantDEX will clear the trades, including direct peer to peer.

We are looking into NODE, until recently I dont think they had things working

James

[jl777]

"With Counterparty Contracts, users may write Turing Complete smart contracts into the Bitcoin blockchain and execute their code on all Counterparty nodes. We’ve ported Ethereum’s language and virtual machine over to the Counterparty platform, using the pyethereum codebase. The result is hosted on GitHub and open for public testing. Today, you can take Turing Complete Ethereum code, or write your own, and run it on Bitcoin with Counterparty. Anything that one could ever do with Ethereum, one can now do with Bitcoin and Counterparty."

Any chance this can be implemented over supernet as well? or over nxt? or over both?

I dont know about python, but if anybody else does, the same porting could be done. Very cool idea by the way!

Now, another approach is to simply make a gateway to counterparty or etherium. There is no need to directly implement everything

James

[jl777]

Hey James,

are we satisfied with Instantdex. As I understand it is a centralised solution.
Looks like NODE is doing it decentralized. Their new algortihm is out and working. Of course till now with small amounts of transactions.
Maybe NODE will be a good additive to supernets core, by adding instant transactions.
Maybe you already know all of it, but if not, please take a look.

https://bitcointalk.org/index.php?topic=590421.0

disclaimer: of course I own some Node, but an irrelevant amount in comparision to my supernet tokens.

Wether or not NODEs instant transactions - and the entire network for that matter - will work is still questionable imho. Their network "only" facilitates instant transactions because it's fully connected i.e. every node is connected to every other node. I have a feeling that won't scale very well but only time will tell.

N*N topology does not scale at all. If that is how they are getting fast performance, then it will quickly bog down.

James

[jahl]

hmm I have a question if thats alright.

I send Unity from BTer to my NXT wallet, but it hasn't arrived it seems.
new wallet install and the wallet is fully synced.

any tips?

[habraken]

hmm I have a question if thats alright.

I send Unity from BTer to my NXT wallet, but it hasn't arrived it seems.
new wallet install and the wallet is fully synced.

any tips?

Check http://nxtexplorer.com/ to see if it arrived yet from Bter.
If it takes too long, wait or open support ticket at Bter.

[jahl]

fixed, nm 

[Momimaus]

Hey James,

are we satisfied with Instantdex. As I understand it is a centralised solution.
Looks like NODE is doing it decentralized. Their new algortihm is out and working. Of course till now with small amounts of transactions.
Maybe NODE will be a good additive to supernets core, by adding instant transactions.
Maybe you already know all of it, but if not, please take a look.

https://bitcointalk.org/index.php?topic=590421.0

disclaimer: of course I own some Node, but an irrelevant amount in comparision to my supernet tokens.

why do you think InstantDEX is centralized?
InstantDEX itself is fully decentralized. If you are trading things that are backed by MGW assets, then since MGW is distributed (between centralized and decentralized) arguably there is some risk from the distributed (vs decentralized) nature of the asset. However, there are also other types of ways instantDEX will clear the trades, including direct peer to peer.

We are looking into NODE, until recently I dont think they had things working

James

Alright, so instantdex works decentralized but only for assets on MGW, not for coins, right?
If it would NXT would have instant transactions already.

ok NODE is working, but with a handful of transactions nobody can say anything about scalability, and I don´t know exactly how they have done it.

[jl777]

Hey James,

are we satisfied with Instantdex. As I understand it is a centralised solution.
Looks like NODE is doing it decentralized. Their new algortihm is out and working. Of course till now with small amounts of transactions.
Maybe NODE will be a good additive to supernets core, by adding instant transactions.
Maybe you already know all of it, but if not, please take a look.

https://bitcointalk.org/index.php?topic=590421.0

disclaimer: of course I own some Node, but an irrelevant amount in comparision to my supernet tokens.

why do you think InstantDEX is centralized?
InstantDEX itself is fully decentralized. If you are trading things that are backed by MGW assets, then since MGW is distributed (between centralized and decentralized) arguably there is some risk from the distributed (vs decentralized) nature of the asset. However, there are also other types of ways instantDEX will clear the trades, including direct peer to peer.

We are looking into NODE, until recently I dont think they had things working

James

Alright, so instantdex works decentralized but only for assets on MGW, not for coins, right?
If it would NXT would have instant transactions already.

ok NODE is working, but with a handful of transactions nobody can say anything about scalability, and I don´t know exactly how they have done it.

I will separate out the trade clearing from the trading itself.
Similar to when you click on "Send", once it is sent to the network (barring rare events), it is just a matter of time to get onto the blockchain. But the funds have already been send the moment you click.

Does that make sense?

So, with InstantDEX, regardless of how long till the next block the two people trading with each other (directly) will both have broadcast their half of the tx to the network. Just a matter of time before it hits the blockchain.

Now, there will be a variety of ways to finalize the trade. Could be via NXT AE using MGW assets, could be direct wallet to wallet overlapped micropayment channels. That is totally decentralized and for any bitcoin fork that supports multisig. There are also ways of finalizing the trade via telepods and the upcoming ATOMIC.

James

P.S. Not sure if you understand that there are things like mgwBTC asset, which is 100% backed by multisig protected BTC,

[Momimaus]

Hey James,

are we satisfied with Instantdex. As I understand it is a centralised solution.
Looks like NODE is doing it decentralized. Their new algortihm is out and working. Of course till now with small amounts of transactions.
Maybe NODE will be a good additive to supernets core, by adding instant transactions.
Maybe you already know all of it, but if not, please take a look.

https://bitcointalk.org/index.php?topic=590421.0

disclaimer: of course I own some Node, but an irrelevant amount in comparision to my supernet tokens.

why do you think InstantDEX is centralized?
InstantDEX itself is fully decentralized. If you are trading things that are backed by MGW assets, then since MGW is distributed (between centralized and decentralized) arguably there is some risk from the distributed (vs decentralized) nature of the asset. However, there are also other types of ways instantDEX will clear the trades, including direct peer to peer.

We are looking into NODE, until recently I dont think they had things working

James

Alright, so instantdex works decentralized but only for assets on MGW, not for coins, right?
If it would NXT would have instant transactions already.

ok NODE is working, but with a handful of transactions nobody can say anything about scalability, and I don´t know exactly how they have done it.

I will separate out the trade clearing from the trading itself.
Similar to when you click on "Send", once it is sent to the network (barring rare events), it is just a matter of time to get onto the blockchain. But the funds have already been send the moment you click.

Does that make sense?

So, with InstantDEX, regardless of how long till the next block the two people trading with each other (directly) will both have broadcast their half of the tx to the network. Just a matter of time before it hits the blockchain.

Now, there will be a variety of ways to finalize the trade. Could be via NXT AE using MGW assets, could be direct wallet to wallet overlapped micropayment channels. That is totally decentralized and for any bitcoin fork that supports multisig. There are also ways of finalizing the trade via telepods and the upcoming ATOMIC.

James

P.S. Not sure if you understand that there are things like mgwBTC asset, which is 100% backed by multisig protected BTC,

Yeah it makes sense, so it is not finally on the blockchain but both sides are locked. The only disadvantage is that they can´t spend it instantly, they have to wait for the blockchain confirmation.

No I am not really into this MGW thing, but I will soon.

So if you say we don´t need an instant transaction coin anyway, then it´s fine for me. NODE was just an idea, cause I was following it.

Thanks for the lessons James.

[TwinWinNerD]

actually, they can spend it instantly, if they use the InstantDex again. Chained transactions will not be a problem (iirc)

[Momimaus]

actually, they can spend it instantly, if they use the InstantDex again. Chained transactions will not be a problem (iirc)

oh cool, so you can´t spend them but you can continue trading.

[jl777]

actually, they can spend it instantly, if they use the InstantDex again. Chained transactions will not be a problem (iirc)

not sure about this
while it might be possible, it becomes quite dangerous.
with bitcoins, you can stack up a bunch of tx that each link to each other and it should all resolve properly. With NXT, the other nodes wont accept the tx if you didnt have enough to cover it prior to the current block

so, no one size fits all solution

James

[jl777]

Hey James,

are we satisfied with Instantdex. As I understand it is a centralised solution.
Looks like NODE is doing it decentralized. Their new algortihm is out and working. Of course till now with small amounts of transactions.
Maybe NODE will be a good additive to supernets core, by adding instant transactions.
Maybe you already know all of it, but if not, please take a look.

https://bitcointalk.org/index.php?topic=590421.0

disclaimer: of course I own some Node, but an irrelevant amount in comparision to my supernet tokens.

why do you think InstantDEX is centralized?
InstantDEX itself is fully decentralized. If you are trading things that are backed by MGW assets, then since MGW is distributed (between centralized and decentralized) arguably there is some risk from the distributed (vs decentralized) nature of the asset. However, there are also other types of ways instantDEX will clear the trades, including direct peer to peer.

We are looking into NODE, until recently I dont think they had things working

James

Alright, so instantdex works decentralized but only for assets on MGW, not for coins, right?
If it would NXT would have instant transactions already.

ok NODE is working, but with a handful of transactions nobody can say anything about scalability, and I don´t know exactly how they have done it.

I will separate out the trade clearing from the trading itself.
Similar to when you click on "Send", once it is sent to the network (barring rare events), it is just a matter of time to get onto the blockchain. But the funds have already been send the moment you click.

Does that make sense?

So, with InstantDEX, regardless of how long till the next block the two people trading with each other (directly) will both have broadcast their half of the tx to the network. Just a matter of time before it hits the blockchain.

Now, there will be a variety of ways to finalize the trade. Could be via NXT AE using MGW assets, could be direct wallet to wallet overlapped micropayment channels. That is totally decentralized and for any bitcoin fork that supports multisig. There are also ways of finalizing the trade via telepods and the upcoming ATOMIC.

James

P.S. Not sure if you understand that there are things like mgwBTC asset, which is 100% backed by multisig protected BTC,

Yeah it makes sense, so it is not finally on the blockchain but both sides are locked. The only disadvantage is that they can´t spend it instantly, they have to wait for the blockchain confirmation.

No I am not really into this MGW thing, but I will soon.

So if you say we don´t need an instant transaction coin anyway, then it´s fine for me. NODE was just an idea, cause I was following it.

Thanks for the lessons James.

NODE is so new and not sure of tech details, maybe they are able to scale, so let us wait for the tech analysis on it first

[jl777]

pushed new version that supports gathering prices into databases and also retrieving this data. bter, poloniex, bittrex, NXT AE and even mintpal is supported.

curl -k --data-binary '{"jsonrpc": "1.0", "id":"curltest", "method": "SuperNET", "params": ["{\"requestType\":\"getquotes\",\"exchange\":\"bter\",\"base\":\"NXT\",\"rel\":\"BTC\"}"]  }' -H 'content-type: text/plain;' https://127.0.0.1:7777/

curl -k --data-binary '{"jsonrpc": "1.0", "id":"curltest", "method": "SuperNET", "params": ["{\"requestType\":\"pricedb\",\"exchange\":\"nxtae\",\"base\":\"BTC\",\"rel\":\"NXT\"}"]  }' -H 'content-type: text/plain;' https://127.0.0.1:7777/

Now each user can gather data for the crypto they are interested in and this creates the reference prices to overlay on the InstantDEX orderbook. took a bit longer than I had hoped to get it stabilized as I had to serialize all accesses and avoid deadlocks. systems stuff is quite tricky and feels like not much progress, but now at 2% CPU usage, it is able to handle all the packets and gather price data

James

[youngmike]

Looks like a high tech to me 

[BadAss.Sx]

You are looking at the future bro