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[webprods]

Why not get your own ideas instead of constantly ripping off jl777?

Seriously, are you obsessed with him or something?

if you cannot beat them, copy them

Best post of the  day

[CryptoClub]

Why not get your own ideas instead of constantly ripping off jl777?

Seriously, are you obsessed with him or something?

jl777 wanted Horizon to join Supernet actually. I read the Pastebins myself, and initially I wanted to join. For the value of our node system he claimed, and he wanted to use it in Supernet for something he had planned. HZ is the first clone of NXT, but with what we think is a much better distribution system than NXT. I also didn't know that jl777 made NXT? I thought he was behind Supernet and various assets? If you are talking about Blocknet, they are not using the Cluster design of Supernet and doing something *very* different. Anyway, free market competition is fine really, plenty of alts are based on Bitcoin, and HZ was the first based on NXT.

[Pizpie]

Why not get your own ideas instead of constantly ripping off jl777?

Seriously, are you obsessed with him or something?

Oh god, here they come.
Let's please keep this conversation on track.

[Pizpie]

As some of you may know I'm working on a distributed cryptocurrency-exchange for Horizon, similar to NXT's MGW.
I found some potential partners for the technical side, now it's time to resolve the funding issue.
No single investor stepped up, but this shouldn't be a problem regarding that's one of the exact things HZ was designed for. Therefore, I decided to create an asset to give the whole community the opportunity to be a part of the venture.
HZxchange was issued with 1'000'000.0000 shares on the HZ Asset Exchange.
20% of that is my own share, 30% will be reserved for the partners of the multisig wallets (for coins which don't support multisig, all of that is mine). The remaining 50% will be sold to the community.
My target is to collect about 5M HZ. Partly as a reimbursement for the work which still needs to be done to have a great product in the end, the rest for hosting while the whole thing is not yet profitable (more about that later on). This results in an average price of 10 HZ per asset.
Sale will start on 1st of March, around 12:00 UTC. The initial prices will be staggered like this:
- 50.000 for 5 HZ
- 75.000 for 7.5 HZ
- 75.000 for 10 HZ
- 75.000 for 12.5 HZ
- 75.000 for 15 HZ
- 75.000 for 17.5 HZ
- 75.000 for 20 HZ
That's a total of ~6.4M HZ for 500k shares. After two weeks, the open orders will be removed and the remaining shares will be offered for 10 HZ each. When the exchange goes live, probably in early April, any remaining orders will be cancelled again and I take the rest of the shares for myself smile emoticon
The code which will be used was already running at dacx. It supports BTC, BTS and NXT (and of course most, if not all, of their clones). I still need to implement the multisig part for BTC, as well as some changes in the internal design of the service. There won't be a public website any more, everything will be handeled via blockchains. This further enhances the security of deposits as well as ease-of-use.
Initially the exchange will offer trading of BTC, LTC, DRK, BTS and NXT.
Profits will be taken from fees on deposits (0.5%) and withdrawals (1%). Those profits will be sold weekly, exchanged to HZ, and distributed to the shareholders.
If we manage to reach a weekly flow of 20 BTC (10 in, 10 out. Completely ficitional and only to give you an idea, I can not guarantee anything. Of course, the final numbers will always be 100% transparent to everyone.) this results in a total of 0.15 BTC/week in fees. 50% going back to the investors means 12 months for ROI. To be profitable for the multisig partners and myself the number would need to be slightly higher, but when the sale goes as expected we can cover the time until then with the collected funds.
When the exchange is running, important decisions like which coins should be added, a change of fees, or (in case it's still not profitable to host when the funds are dry) a change of profit-distribution will be discussed with the asset holders. But let's not expect that, distributed exchanges are badly needed out there!
Thanks for your attention, let's get it rolling!

 

Taken from: https://www.facebook.com/groups/NHZOfficial/

The asset will be ran by Michael Wolf (Pharesim), one of our developers for Horizon.

Update:

HZxchange asset ID: 17828408937649813496
Issuer: NHZ-UK8Z-XNTJ-HFWG-DAXC9
Information / dedicated Facebook group: https://www.facebook.com/groups/426916067474694

[cloudboy]

Why not get your own ideas instead of constantly ripping off jl777?

Seriously, are you obsessed with him or something?

jl777 wanted Horizon to join Supernet actually. I read the Pastebins myself, and initially I wanted to join. For the value of our node system he claimed, and he wanted to use it in Supernet for something he had planned. HZ is the first clone of NXT, but with what we think is a much better distribution system than NXT. I also didn't know that jl777 made NXT? I thought he was behind Supernet and various assets? If you are talking about Blocknet, they are not using the Cluster design of Supernet and doing something *very* different. Anyway, free market competition is fine really, plenty of alts are based on Bitcoin, and HZ was the first based on NXT.

What cluster design of SuperNET?

I'm still waiting to hear how a kademlia network is not defined as p2p?

Also, no, I meant MGW. HZ is crowdfunding something jl777 did himself with no outside funds. Why not just release it?

[Bitkeeper]

I'm definitely investing a NICE amount of HZ into this. Great hard working dev's. Will see a GREAT return!

[kprell40]

I'm definitely investing a NICE amount of HZ into this. Great hard working dev's. Will see a GREAT return!

 Yes,  Will see a GREAT return!

[cryptoangel]

I have my account and it has a green dot and saying Forging, does that mean that I am staking or something in a group ?.

[mirador17]

I have my account and it has a green dot and saying Forging, does that mean that I am staking or something in a group ?.

No this means you are forging solo. If you want to forge in a pool, read this:

https://bitcointalk.org/index.php?topic=823785.msg10613758#msg10613758

[KrisTester]

You are forging at your own, with coins you have. If you want to forge in pool you must lease your balance to forging pool
i.e. http://nhzforgingpool.redirectme.net/

[cryptoangel]

Ok, I have watched the video but my HZ setup is different.

Loading it up now to try and find it.

Thank you!.

[cryptoangel]

Nope cannot find it.

[CryptoClub]

Why not get your own ideas instead of constantly ripping off jl777?

Seriously, are you obsessed with him or something?

jl777 wanted Horizon to join Supernet actually. I read the Pastebins myself, and initially I wanted to join. For the value of our node system he claimed, and he wanted to use it in Supernet for something he had planned. HZ is the first clone of NXT, but with what we think is a much better distribution system than NXT. I also didn't know that jl777 made NXT? I thought he was behind Supernet and various assets? If you are talking about Blocknet, they are not using the Cluster design of Supernet and doing something *very* different. Anyway, free market competition is fine really, plenty of alts are based on Bitcoin, and HZ was the first based on NXT.

What cluster design of SuperNET?

I'm still waiting to hear how a kademlia network is not defined as p2p?

Also, no, I meant MGW. HZ is crowdfunding something jl777 did himself with no outside funds. Why not just release it?

"SuperNET stores your coins on 2-of-3 multi-signature addresses, each hosted on its own server, with a copy of each blockchain. Together they are referred to as clusters. "  (Not saying that isn't awesome, just pointing out that there are some differences)

MGW for NXT also had an asset, I bought it myself on the NXT asset exchange and traded it. So I agree with you about that then, that is very much like MGW for NXT. Having it as an asset allows the community to buy in and participate if they like, and it is being run by one person on the team, much like jl777 did for MGW -- This also creates more demand for HZ, helps the platform overall.

[Xaltotun]

Not sure why but I'm trying to log into my wallet and it warns me I'm about to login to testnet instead.

I also can't access the forums, the link bring me back to main page.

[CryptoClub]

Not sure why but I'm trying to log into my wallet and it warns me I'm about to login to testnet instead.

I also can't access the forums, the link bring me back to main page.

There is a UI (visual only) bug with the web wallet for some machines right now, try using the full wallet.

[Pizpie]

Not sure why but I'm trying to log into my wallet and it warns me I'm about to login to testnet instead.

I also can't access the forums, the link bring me back to main page.

This is a UI bug right now for some users, we are working on a fix right now. The backend is still tied to the mainnet (Tested this), so don't worry.
You can also use the full client wallets which can be found here: https://horizonplatform.io/wallets/

The forums are being redone at the moment and were taken offline last week.

You can join our active Facebook group here: https://www.facebook.com/groups/NHZOfficial/

The new site + Forums will be online soon.

[duncan_idaho]

Not sure why but I'm trying to log into my wallet and it warns me I'm about to login to testnet instead.

I also can't access the forums, the link bring me back to main page.

This is a UI bug right now for some users, we are working on a fix right now. The backend is still tied to the mainnet (Tested this), so don't worry.
You can also use the full client wallets which can be found here: https://horizonplatform.io/wallets/

The forums are being redone at the moment and were taken offline last week.

You can join our active Facebook group here: https://www.facebook.com/groups/NHZOfficial/

The new site + Forums will be online soon.

Can you write when new pauout script for node bounties will pay first rewards and payouts from last few days?

[Pizpie]

Ok, I have watched the video but my HZ setup is different.

Loading it up now to try and find it.

Thank you!.

I have updated some videos for users and they are available here:

Fresh Horizon account set up & funding with the faucet: https://www.youtube.com/watch?v=xTBY-2mFYGI
How to lease your Horizon balance for pooled forging: https://www.youtube.com/watch?v=syl_338WzlE
How to send a Horizon transaction: https://www.youtube.com/watch?v=yk8DuEuwZdM
How to issue an asset on the Horizon asset exhange: https://www.youtube.com/watch?v=ao_3jpe67yM
How to send encrypted and regular messages on Horizon: https://www.youtube.com/watch?v=MSHdBqt9u3M
How to set up a Horizon alias: https://www.youtube.com/watch?v=Egq9ns3ko-Q


I'll update this list as I finish adding them.

[Pizpie]

Not sure why but I'm trying to log into my wallet and it warns me I'm about to login to testnet instead.

I also can't access the forums, the link bring me back to main page.

This is a UI bug right now for some users, we are working on a fix right now. The backend is still tied to the mainnet (Tested this), so don't worry.
You can also use the full client wallets which can be found here: https://horizonplatform.io/wallets/

The forums are being redone at the moment and were taken offline last week.

You can join our active Facebook group here: https://www.facebook.com/groups/NHZOfficial/

The new site + Forums will be online soon.

Can you write when new pauout script for node bounties will pay first rewards and payouts from last few days?

We are actively working on it now.

[cryptoangel]

Ok, I have watched the video but my HZ setup is different.

Loading it up now to try and find it.

Thank you!.

I have updated some videos for users and they are available here:

Fresh Horizon account set up & funding with the faucet: https://www.youtube.com/watch?v=xTBY-2mFYGI
How to lease your Horizon balance for pooled forging: https://www.youtube.com/watch?v=syl_338WzlE
How to send a Horizon transaction: https://www.youtube.com/watch?v=yk8DuEuwZdM

I'll update this list as I finish adding them.

Thank you!.
 
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