NXT :: descendant of Bitcoin - Updated Information

[NxtChg]

0.5.3 is definitely more stable, thanks Jean-Luc!

Add a fix for jetty exceptions into the next release please.

[landomata]

ANNOUNCEMENT: NXT MOBILE APPLICATIONS COMPANY ORGANIZATION


I will be posting this topic in the nextcoin.org & nxtcrypto.org forums so we will can better organize & develop this idea.


Summary:

The NXT MOBILE APPLICATIONS COMPANY will be coordinating the development, deployment & marketing of the NXT flagship mobile apps (Android & iPhone/iPad).


The Nxt Mobile Applications Company will be a decentralized, cellular organization.  Its shares will be listed on the Nxt Asset Exchange.


P.S. Further details will be follow in both the forums mentioned above.

EDIT:

Pls register you name in any of the forums and PLS me mention which Group you would like to work under.

https://nextcoin.org/index.php/topic,2634.msg26093.html#msg26093
 
or

https://forums.nxtcrypto.org/viewtopic.php?f=2&t=467

Brief Organizational Concept/structure:

Node spaces are limited so the Nxt Mobile Applications Company will chose the most dedicated & technical competent candidates to fill the various node slots.

Further details/developments will be communicated you on an ongoing basis.

[laowai80]

Transparent Forging will lead the user to jump directly to the nxt node which will forge nxt block.
This also leads to "self-fulfilling prophecy".

What would be the purpose of this jump? It's not the node that forges, it's the particular unlocked account that forges. The node is just a platform to forge.

There will be internal account<=>connection and external account<=>connection.
+Internal is e.g. connect forging power of your own VPS Nodes to earn NxT for paying them.
+External is you and me and other people will connect there forging power.


External Connection:

From my understanding, all particular unlocked accounts will "point" to one Node to accumulate the forging power.
This Node would be split the forged NxT based on contract parameters.

Now, if we would know the next Node will forge an Block we could point our account to this Node for participation.
This assumes the participation is higher than possible contractual penalties for leaving directly after the Block was forged and the interest was payed.

If that is how it works, great!
Why not let the node owner decides how many accounts are allowed to forge on his node?
This is easy to implement, is not against freedom, shows respect for property (node is the owner's property and he should decide how many people are allowed to unlock on his property), good for decentralization (motivates others to set up their own nodes). I assume that's enough reasons to code in this additional parameter to the config file. Don't see any single reason why freedom of choice must be limited here.

[ImmortAlex]

I'd like to see spending limits. For example so that I could only spend a maximum of 100 NXT/day from an account. Trying to steal this account would be less profitable.

Btw, there can be arbitraty time limits, not only daily. There's no difference in processing any time ranges at software.

[NxtChg]

Google is centralized.

Well, there has to be a solution. Would voting system help? Several users will vote an alias down...

Actually, maybe a full-blown alias rating? For scammers, who don't trade honestly and stuff like that?

Something like a democratic Google Page Rank

[ImmortAlex]

Google is centralized.

Well, there has to be a solution. Would voting system help? Several users will vote an alias down...

Actually, maybe a full-blown alias rating? For scammers, who don't trade honestly and stuff like that?

Something like a democratic Google Page Rank

How can you block alias which is just a part of transaction in blockchain?
It's a feature of client software (again) - to protect user from internet danger. Like child/parent control in AV software, white/black lists and so on. You can setup service and sell it to Nxt'ers, but it's not a part of decentralized Nxt network.

[smartwart]

Transparent Forging will lead the user to jump directly to the nxt node which will forge nxt block.
This also leads to "self-fulfilling prophecy".

What would be the purpose of this jump? It's not the node that forges, it's the particular unlocked account that forges. The node is just a platform to forge.

There will be internal account<=>connection and external account<=>connection.
+Internal is e.g. connect forging power of your own VPS Nodes to earn NxT for paying them.
+External is you and me and other people will connect there forging power.


External Connection:

From my understanding, all particular unlocked accounts will "point" to one Node to accumulate the forging power.
This Node would split the forged NxT based on contract parameters(amount, time, penalty...).

Now, if we would know the next Node will forge an Block we could point our account of this Node for participation.
This assumes the participation is higher than possible contractual penalties for leaving directly after the Block was forged and the interest was payed.

If that is how it works, great!
Why not let the node owner decides how many accounts are allowed to forge on his node?
This is easy to implement, is not against freedom, shows respect for property (node is the owner's property and he should decide how many people are allowed to unlock on his property), good for decentralization (motivates others to set up their own nodes). I assume that's enough reasons to code in this additional parameter to the config file. Don't see any single reason why freedom of choice must be limited here.

yeah, its a question how it becomes implemented.
I also think in general, every user should decide how to handle it.

------------
@CfB: will the account connection be saved in blockchain?

[Come-from-Beyond]

@CfB: will the account connection be saved in blockchain?

I didn't get the idea.

[NxtChg]

How can you block alias which is just a part of transaction in blockchain?
It's a feature of client software (again) - to protect user from internet danger. Like child/parent control in AV software, white/black lists and so on. You can setup service and sell it to Nxt'ers, but it's not a part of decentralized Nxt network.

You can add rank to each alias on the blockchain, which clients can use.

If reliable voting can be implemented.

[ImmortAlex]

How can you block alias which is just a part of transaction in blockchain?
It's a feature of client software (again) - to protect user from internet danger. Like child/parent control in AV software, white/black lists and so on. You can setup service and sell it to Nxt'ers, but it's not a part of decentralized Nxt network.

You can add rank to each alias on the blockchain, which clients can use.

If reliable voting can be implemented.

Hmmm... Yes, voting can help.

[laowai80]

yeah, its a question how it becomes implemented.
I also think in general, every user should decide how to handle it.

getState shows "numberOfUsers":2

When user unlocks their account on the node, check against how many users are already forging on that node, check if AllowedForgingUsers is set to 'unlimited', allow to unlock, if the number is less than AllowedForgingUsers in web.xml - allow to unlock, and if it's equal to that parameter, display 'Node forging capacity is full' or something like that. Or do you see any other difficulties in implementing this? Please explain.

[BitcoinForumator]

What is the divisibility of NXTs? How many decimals after .?

[smartwart]

@CfB: will the account connection be saved in blockchain?

I didn't get the idea.

My intention was, if the information of all account connections would be able available in blockchain,
its possible to define the global distribution of the forged pool-fee.

(I'm not sure if it is the best way to define it globally but its an aspect...)

[utopianfuture]

ANNOUNCEMENT: NXT MOBILE APPLICATIONS COMPANY ORGANIZATION


I will be posting this topic in the nextcoin.org & nxtcrypto.org forums so we will can better organize & develop this idea.


Summary:

The NXT MOBILE APPLICATIONS COMPANY will be coordinating the development, deployment & marketing of the NXT flagship mobile apps (Android & iPhone/iPad).


The Nxt Mobile Applications Company will be a decentralized, cellular organization.  Its shares will be listed on the Nxt Asset Exchange.


P.S. Further details will be follow in both the forums mentioned above.

EDIT:

Pls register you name in any of the forums and PLS me mention which Group you would like to work under.

https://nextcoin.org/index.php/topic,2634.msg26093.html#msg26093
 
or

https://forums.nxtcrypto.org/viewtopic.php?f=2&t=467

Brief Organizational Concept/structure:

Node spaces are limited so the Nxt Mobile Applications Company will chose the most dedicated & technical competent candidates to fill the various node slots.

Further details/developments will be communicated you on an ongoing basis.

You would be golden as long as my girl can send her encrypted naked picture to me  

[Come-from-Beyond]

@CfB: will the account connection be saved in blockchain?

I didn't get the idea.

My intention was, if the information of all account connections would be able available in blockchain,
its possible to define the global distribution of the forged pool-fee.

(I'm not sure if it is the best way to define it globally but its an aspect...)

Possible.

[bitcoinpaul]

Who will decide if an alias is malicious enough?

Who decides at Google?

Google is centralized.

classic

[smartwart]

yeah, its a question how it becomes implemented.
I also think in general, every user should decide how to handle it.

getState shows "numberOfUsers":2

When user unlocks their account on the node, check against how many users are already forging on that node, check if AllowedForgingUsers is set to 'unlimited', allow to unlock, if the number is less than AllowedForgingUsers in web.xml - allow to unlock, and if it's equal to that parameter, display 'Node forging capacity is full' or something like that. Or do you see any other difficulties in implementing this? Please explain.

don't see any problem there.
Maybe it would make sense to replace unlimited by an defined number to avoid "Monopo(o)ls".
(don't know how to do in open source SW)

Big pools could become bigger and bigger due to more frequently forging.
This allure (more accounts => more frequently forging) + self gaining...

[mcjavar]

yeah, its a question how it becomes implemented.
I also think in general, every user should decide how to handle it.

getState shows "numberOfUsers":2

When user unlocks their account on the node, check against how many users are already forging on that node, check if AllowedForgingUsers is set to 'unlimited', allow to unlock, if the number is less than AllowedForgingUsers in web.xml - allow to unlock, and if it's equal to that parameter, display 'Node forging capacity is full' or something like that. Or do you see any other difficulties in implementing this? Please explain.

don't see any problem there.
Maybe it would make sense to replace unlimited by an defined number to avoid "Monopo(o)ls".
(don't know how to do in open source SW)

Big pools could become bigger and bigger due to more frequently forging.
This allure (more accounts => more frequently forging) + self gaining...

And in the end, we will have a big pool with all Nxts in it

[laowai80]

don't see any problem there.
Maybe it would make sense to replace unlimited by an defined number to avoid "Monopo(o)ls".
(don't know how to do in open source SW)

Big pools could become bigger and bigger due to more frequently forging.
This allure (more accounts => more frequently forging) + self gaining...

Node owners must be allowed to configure it to any number, 'unlimited' or '0' or '42' by default, I don't care. It'll be a nice parameter to have, that's all.

The way it's set up now is 'unlimited', because there is no configurable restriction at all.

[EmoneyRu]

don't see any problem there.
Maybe it would make sense to replace unlimited by an defined number to avoid "Monopo(o)ls".
(don't know how to do in open source SW)

Big pools could become bigger and bigger due to more frequently forging.
This allure (more accounts => more frequently forging) + self gaining...

And in the end, we will have a big pool with all Nxts in it

As I said ...