NXT :: descendant of Bitcoin - Updated Information

[heskey]

3283108578452123518

TRANSACTION   :   12886460838448628559
» Timestamp   :   11.01.2014 19:07:51
» Block   :   17540477769720827732
» Amount   :   15636
» Fee   :   3
» Confirmations   :   3
» Deadline   :   1440
» Sender   :   3283108578452123518
» Recipient   :   6635869272840226493
» Signature | d52b2a26a3b757cb12ec22185a807af7c36bfcbfcc690d4226e28bdebcf93d0627fe4748c950951 787e3e19cbcb4b58ffdc04268b291add7f170eb9fb0fc0445

Thanks man!

[Damelon]

Why global adoption is not an option.
A very good read as of why inflationary currencies are far from perfect, but the smaller evil compared to deflationary.

http://www.tuicool.com/articles/2qayYjb

And like the author, I am a fan of cryptos. The limited supply type just has some fundamental flaws.

It is just very common misunderstanding and flawed logic people make regarding crypto currencies such as Bitcoin or NXT. No serious crypto supporter said Bitcoin can entirely replace fiat currencies. Here what i often tell others, Bitcoin just need to replace 1% of the total global usage of fiat currency and banking system, it is already worth at least 100K $ / per coin, and it goes up from there.
When Bitcoin is only 1% of the total fiat, the debate of deflation is very moot point. It just doesn't matter for the economic functioning of the global economy.

It's for this reason I'm glad the word "coin" isn't used in Nxt (at least not supposed to).
Coin is a misleading word in the context. Especially with the coloured coin system, where it's basically an entity that can represent anything.

Edit: even if the word coin is in there :p

[Passion_ltc]

https://ip.asktom.cf/?u=http%3A%2F%2Fimg855.imageshack.us%2Fimg855%2F4514%2F4xc7.png&t=536&c=zI3GhqCReIqBMw


Where can I find more pictures?

[joefox]

I can list 10 more reasons for people to start using NewAltEx.com, I just hope they will give the exchange a try.

I'd love to try out your exchange and am keeping an eye on it.  IMHO your biggest problem is web site design.  It looks like a prototype.  The News page is empty the FAQ page is empty.  And (sadly), your order book is empty.

[Secondleo]

Why global adoption is not an option.
A very good read as of why inflationary currencies are far from perfect, but the smaller evil compared to deflationary.

http://www.tuicool.com/articles/2qayYjb

And like the author, I am a fan of cryptos. The limited supply type just has some fundamental flaws.

It is just very common misunderstanding and flawed logic people make regarding crypto currencies such as Bitcoin or NXT. No serious crypto supporter said Bitcoin can entirely replace fiat currencies. Here what i often tell others, Bitcoin just need to replace 1% of the total global usage of fiat currency and banking system, it is already worth at least 100K $ / per coin, and it goes up from there.
When Bitcoin is only 1% of the total fiat, the debate of deflation is very moot point. It just doesn't matter for the economic functioning of the global economy.

Saying so implies what governments say. Bitcoin is not a currency, it is a commodity.
I'm into the whole crypto thing because I see the potential of a monetary revolution. Something better than the current system.
I have NXT, not that many, but I got them pretty early, very soon after launch, so I got my nice share of profit. I see NXT mostly like an experiment though.
Offering services you can pay with a commodity that rises in price isn't really thought through to the end.
I hope the price rises nevertheless

[utopianfuture]

Why global adoption is not an option.
A very good read as of why inflationary currencies are far from perfect, but the smaller evil compared to deflationary.

http://www.tuicool.com/articles/2qayYjb

And like the author, I am a fan of cryptos. The limited supply type just has some fundamental flaws.

It is just very common misunderstanding and flawed logic people make regarding crypto currencies such as Bitcoin or NXT. No serious crypto supporter said Bitcoin can entirely replace fiat currencies. Here what i often tell others, Bitcoin just need to replace 1% of the total global usage of fiat currency and banking system, it is already worth at least 100K $ / per coin, and it goes up from there.
When Bitcoin is only 1% of the total fiat, the debate of deflation is very moot point. It just doesn't matter for the economic functioning of the global economy.

Saying so implies what governments say. Bitcoin is not a currency, it is a commodity.
I'm into the whole crypto thing because I see the potential of a monetary revolution. Something better than the current system.
I have NXT, not that many, but I got them pretty early, very soon after launch, so I got my nice share of profit. I see NXT mostly like an experiment though.
Offering services you can pay with a commodity that rises in price isn't really thought through to the end.
I hope the price rises nevertheless

People pay for things by  some common commodity the entire history of mankind until the invention of fiat money. In reality, nothing is exactly black and white. Everything in life is just about some shades of gray. A monetary system with crypto currencies is already better than one without and that's worth fighting for.

[Passion_ltc]

I can list 10 more reasons for people to start using NewAltEx.com, I just hope they will give the exchange a try.

I'd love to try out your exchange and am keeping an eye on it.  IMHO your biggest problem is web site design.  It looks like a prototype.  The News page is empty the FAQ page is empty.  And (sadly), your order book is empty.

Added it onto NXTarea.com

[landomata]

Offering services you can pay with a commodity that rises in price isn't really thought through to the end.
I hope the price rises nevertheless

It seems quite similar to gold....you can use gold to pay for services and its value also rise & falls.

The evolution is that you can move Nxt to the other side of the world for nothing...instantly.


Edit: Using a new tool called a smartphone....which will eventually be in the hands of 90% of the people on the planet.

I wonder what will happen when the next credit crisis hits....I wonder where people will put their wealth....Bitcoin, Nxt and other Alt coins will be stores of value like gold....but with the ability to move, buy & sell this asset at lightspeed....24 hours a day 7 days week.

[ferment]

HELP! I sent coins from nxtchg to my dgex account, and now Im asked to input which address I sent from. The problem is I cant find any account address on nxtchg! If I click on withdrawals and then on the order I get the following information:

Sent to: 6635869272840226493

Transaction: 12886460838448628559

Time: 11 Jan 2014, 18:08:15

Does "Transaction" mean sender address? Its 20 digits long while the "sent to" address is 19..?

Getting a bit sweaty over here!

http://22k.io/transaction/12886460838448628559

[Come-from-Beyond]

The limited supply type just has some fundamental flaws.

Agree.

Luckily for us, Nxt solves this problem by giving a way to "inflate" number of "coins" via Asset Exchange. These "coins" can be backed by NXTs.
If u think about it u'll notice that Nxt simulates real economy (NXTs == gold, issued assets == paper money).

[salsacz]

I am little curious why devs didn't create aliases or why almost all big stakeholders didn't make aliases  

[utopianfuture]

I am little curious why devs didn't create aliases or why almost all big stakeholders didn't make aliases  

I have a separate alias account. They may do the same.

[Jean-Luc]

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Stable release 0.5.5:

http://download.nxtcrypto.org/nxt-client-0.5.5.zip

sha256: aa20fb32fe7e6cda7debee59928d5aea8ff7c581c58a56ff68e8252eaf9368c7

Change log:

Added getGuaranteedBalance API:
http://localhost:7874/nxt?requestType=getGuaranteedBalance&account=account&numberOfConfirmations=numberOfConfirmations
returns the balance of an account only considering transactions with confimration count >= numberOfConfirmations.

The API requests getAccountBlockIds and getAccountTransactionIds now return sorted results.

Added getAccountPublicKey and getGuaranteedBalance to admin.html page.

More performance optimizations.


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[salsacz]

I am little curious why devs didn't create aliases or why almost all big stakeholders didn't make aliases  

I have a separate alias account. They may do the same.

so they had to buy some nxt by dgex

Btw, how to delete an alias:
Create a new account, send there some coins, rebuy your alias by using a pass from 1st account for 1 coin, then buy the same alias for more coins by the 2nd acc passphrase

[Asian Prepper]

Just wanted to say that 0.5.3 is running incredibly well for me.  Is anyone still having problems with stuck blocks?

mine keeps crashing or something cuz Firefox keeps asking me if I want to stop or continue the script... dont know whats the cause...

[Come-from-Beyond]

I am little curious why devs didn't create aliases or why almost all big stakeholders didn't make aliases  

I need only "come-from-beyond" alias, but "-"s r not allowed.

[Come-from-Beyond]

Btw, how to delete an alias:
Create a new account, send there some coins, rebuy your alias by using a pass from 1st account for 1 coin, then buy the same alias for more coins by the 2nd acc passphrase

This won't work.

[Damelon]

Btw, how to delete an alias:
Create a new account, send there some coins, rebuy your alias by using a pass from 1st account for 1 coin, then buy the same alias for more coins by the 2nd acc passphrase

This won't work.

I was worried already.

[opticalcarrier]

So, you premined 100% and still don't do a giveaway?

So, you decided you would come in, spout your opinion and ask for a giveaway?

Not asking for a giveaway. Just questioning your marketing strategies

If you'd done some research, you'd know that there have been giveaways and there still are loads of bounties for people who contribute.

You'd also know that the word "mine" doesn't apply here.

I did know that. I did my research. Still don't think that's sufficient

my opinion Marketing was never part of the plan it looks to me like the features offered are all the marketing the original developers thought they needed

[Asian Prepper]

[

quote author=newsilike link=topic=345619.msg4430501#msg4430501 date=1389366239]
I'm currently discussing NXT and Proof of Stake with reddit folks:
http://de.reddit.com/r/Bitcoin/comments/1uvn22/in_future_can_bitcoin_switch_to_proofofstake/

People with more sophisticated knowledge then me might want to step in the conversation.

One guy posted this:
http://www.reddit.com/r/Bitcoin/comments/1uoq6e/what_do_you_guys_think_of_proof_of_stake_mining/cek7vbc

What do you think about that?

[/quote]

My friend n I made a video to discuss proof of stake here:

http://youtu.be/5XBtzeHrTDc

Tai Zen