NXT :: descendant of Bitcoin - Updated Information

[bitcoinpaul]

Anyone else able to navigate to any thread on https://nextcoin.org? Specifically one about the Windows client? Is the site under ddos too? Supposed to be on CloudFlare but it's still not working for me.

ddos.

[EmoneyRu]

Come-From-Beyond: what do you think of this critique: http://www.reddit.com/r/nxtcoin/comments/1toz2d/warning_nxt_source_code_is_very_low_quality/

Omg I actually expected an arguement. This is a critic from a programming tutor and not a software evaluator. (hope not!) And I am sure he is really not familiar with crypto code especially bitcoin refrence client or he wouldnt criticise magically appearing numbers!

Everybody hates others' code

[NxtChoice]

Using portforward, a dyn DNS service and updating hallmark and address in the config on every IP change should work... Inconvenient, but doable.

there is no need to update hallmark and address on every ip change,
you generate hallmark against a domain, you put domain as myaddress and that hallmark into config, that's all.

Yes, I will have a try tomorrow.

Now it's midnight, and I have to go to bed.

[klee]

CfB I need you live @ Skype - there is an IT friend regarding the ddos issue.
Maybe he can help...

[mr_random]

NXT nodes are needed to make NXT strong.  Those nodes are only going to be stood up by people motivated to do so.  I repeat my contention that forging does not seen to be a strong motivator for setting up NXT nodes when examined closely.  This could be a problem.   This forum exists to address to problems.

How much NXT you earn from forging depends on transaction volume. NXT users is still a small pool of individuals and transaction volume is low. Transaction volume will increase exponentially as we have seen with Bitcoin which will increase forging profits dramatically.

I guess this situation is like when Bitcoin first launched many years ago... what motivation was there to mine?

[GCInc.]

Somebody is really pissed off by NXT now - both my sites bombarded constantly and admin email receiving hundreds of registration confirmations from various forums mostly in Russia.

They are attempting to deny the service from you - their success will be temporary.

[gbeirn]

Somebody is really pissed off by NXT now - both my sites bombarded constantly and admin email receiving hundreds of registration confirmations from various forums mostly in Russia.

They are attempting to deny the service from you - their success will be temporary.

Thanks for your hard work! If there is anything you need to help, please let me know.

[artila]

dgex.com is currently unreachable.

[btc24]

The decentralization is the best solution. More nodes, more echanges, more forums...

[bitcoinpaul]

The decentralization is the best solution. More nodes, more echanges, more forums...

+1

[dudenohair]

Does anyone have new version? My keeps saying java.lang.NullPointerException

[utopianfuture]

The decentralization is the best solution. More nodes, more echanges, more forums...

I already joined your forum. But you need to promote yours more as an alternative to Nextcoin.org. The more public places for discussion the better.

[rickyjames]

NXT nodes are needed to make NXT strong.  Those nodes are only going to be stood up by people motivated to do so.  I repeat my contention that forging does not seen to be a strong motivator for setting up NXT nodes when examined closely.  This could be a problem.   This forum exists to address to problems.

How much NXT you earn from forging depends on transaction volume. NXT users is still a small pool of individuals and transaction volume is low. Transaction volume will increase exponentially as we have seen with Bitcoin which will increase forging profits dramatically.

I guess this situation is like when Bitcoin first launched many years ago... what motivation was there to mine?

Transaction volume or exponential increases in it don't alter the bottom line at all.  They only define the timeline you see in getting there.

A 1000 NXT forging stake will earn you 0.0001% of all transaction fees, which is identical to saying you get 1 transaction fee NXT for every 1,000,000 generated by the system.  You will double your 1000 NXT stake after 1,000,000,000 NXT have been generated in transaction fees.  How long it takes to generate a billion NXT in transaction fees depends on the average size of all NXT transactions.   For every thousand NXT in the average transaction size, a trillion NXTs must change hands for you to double your 1000 NXT forging stake.

Math is math and facts is facts. What's your numbers, or what's wrong with mine?

I repeat my contention: I believe it will be low cost of many, many Raspberry Pis and not the high motivation of many, many forgers that will ultimately make the NXT network a viable one.

[laowai80]

Does anyone have new version? My keeps saying java.lang.NullPointerException

replace blocks.nxt and transactions.nxt files with their .bak earlier copies and restart NXT, see if that helps.

[Damelon]

NXT nodes are needed to make NXT strong.  Those nodes are only going to be stood up by people motivated to do so.  I repeat my contention that forging does not seen to be a strong motivator for setting up NXT nodes when examined closely.  This could be a problem.   This forum exists to address to problems.

How much NXT you earn from forging depends on transaction volume. NXT users is still a small pool of individuals and transaction volume is low. Transaction volume will increase exponentially as we have seen with Bitcoin which will increase forging profits dramatically.

I guess this situation is like when Bitcoin first launched many years ago... what motivation was there to mine?

Transaction volume or exponential increases in it don't alter the bottom line at all.  They only define the timeline you see in getting there.

A 1000 NXT forging stake will earn you 0.0001% of all transaction fees, which is identical to saying you get 1 transaction fee NXT for every 1,000,000 generated by the system.  You will double your 1000 NXT stake after 1,000,000,000 NXT have been generated in transaction fees.  How long it takes to generate a billion NXT in transaction fees depends on the average size of all NXT transactions.   For every thousand NXT in the average transaction size, a trillion NXTs must change hands for you to double your 1000 NXT forging stake.

Math is math and facts is facts. What's your numbers, or what's wrong with mine?

Your math assumes that all 1000000000 NXT will constantly be in nodes.
Once the coin moves not everyone will have their computer on 24/7.
Hence, the percentage of 0,0001 isn´t the correct percentage for your chance at forging a block.

[allwelder]

Somebody is really pissed off by NXT now - both my sites bombarded constantly and admin email receiving hundreds of registration confirmations from various forums mostly in Russia.

They are attempting to deny the service from you - their success will be temporary.

Thanks for your efficient and hard work,dgex is ok now.

[opticalcarrier]

Network seems to be holding up fine since last release.  Good job devs.

I think we need to take it to the next level with a professional website and high-quality informational video.

Anyone got a bounty for this?  I know a professional graphics designer.  He can blow everything you've got out of the water, but he ain't cheep.  He can easily do stuff on the quality level of the official bitcoin videos.

PM me if you want to arrange this.

if anyone does want to arrange this, please let me know.  I and a few other stakeholders are forming the "NXT Foundation" using the domain nxtcrypto.org and we do have a basic WWW page set up now that is intended to be the public face of NXT.  ut the webpage could use some polishing.   I wish I could point you to the section on nextcoin discussing this but its down right now. 

[killver]

I just did a fresh install of my pack, using my instructions, and it worked. The included blockchain is healthy.

So I assume you messed up your chain files somehow. A dirty shutdown of the server can be enough for this to happen. Do it only by SIGINT/Ctrl+C and wait until it is shut down.

As a solution for now, just do "rm blocks* transactions*" and get fresh files.

Thanks, I killed java once, that seems to be the reason. Just did a fresh unpacking etc. and the problem seems to be solved.

[utopianfuture]

NXT nodes are needed to make NXT strong.  Those nodes are only going to be stood up by people motivated to do so.  I repeat my contention that forging does not seen to be a strong motivator for setting up NXT nodes when examined closely.  This could be a problem.   This forum exists to address to problems.

How much NXT you earn from forging depends on transaction volume. NXT users is still a small pool of individuals and transaction volume is low. Transaction volume will increase exponentially as we have seen with Bitcoin which will increase forging profits dramatically.

I guess this situation is like when Bitcoin first launched many years ago... what motivation was there to mine?

Transaction volume or exponential increases in it don't alter the bottom line at all.  They only define the timeline you see in getting there.

A 1000 NXT forging stake will earn you 0.0001% of all transaction fees, which is identical to saying you get 1 transaction fee NXT for every 1,000,000 generated by the system.  You will double your 1000 NXT stake after 1,000,000,000 NXT have been generated in transaction fees.  How long it takes to generate a billion NXT in transaction fees depends on the average size of all NXT transactions.   For every thousand NXT in the average transaction size, a trillion NXTs must change hands for you to double your 1000 NXT forging stake.

Math is math and facts is facts. What's your numbers, or what's wrong with mine?

I repeat my contention: I believe it will be low cost of many, many Raspberry Pis and not the high motivation of many, many forgers that will ultimately make the NXT network a viable one.

I agree the will and desire to make the Nxt network stands and prospers is the strongest motivator. In the near future the transaction will be dropped to 0.01 Nxt. Forging to make money does not make much financial sense.

[opticalcarrier]

ok this thread is so clogged, lets leave the dream girls out.

I'm going to ask again if people running VPS could start sharing their experiences with different hosts they use, so we can find more and more.

budgetvm seems very good.  they offer inexpensive XEN linux VPSs.  XEN are the best VPS type, no resource sharing at all.