NXT :: descendant of Bitcoin - Updated Information

[opticalcarrier]

Number of lost Nxt:

if DGEX says he lost 800k Nxt and he owns 80 Mega, it means 1% of Nxt is probably lost: 10 Millions

some days ago i calculated the possible hiberNXT amount.
while it is difficult to calculate this (you have to set additional filters)
the rough amount was: 16 - 21m nxt.

no public key, only one transaction.
of course they could be very cold storages too.  

ps: if you remove the one transation filter but keep the no public key, the amount was 160m
but it is unlikly that an account with more than 1 transaction is a lost transaction, even if this
account has no pk.

Im okay with using 160 million figure as the amount of hiberNXT it appears all along that the plan was for any account with no public key to be a bonus for the future additional source of 'mining' when in the future those accounts can be cracked. if those accounts are really cold storage you really need to secure them by making one transaction

[Come-from-Beyond]

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?

It's just a biased opinion.

[landomata]

There doesn;t seem to be a lot of information available on Arbitrary message feature.

[Come-from-Beyond]

There doesn;t seem to be a lot of information available on Arbitrary message feature.

One API call is enough. The rest is up to a developer who is going to use AM in his applications.

[pinarello]

missing blocks, getting stuck downloading blockchain. clicking on icon page wont react no more..

2.50GB mermory usage, 25% cpu... No good, F5

needed to start up a second time to work fine.

works fine now but that start up needs addressed, or is this a jety problem.

[jl777]

I marked with red an incorrect statement. Also u should add that network topology is a major factor that makes far predictions impossible.

I would think that the 15 second leeway given to nodes on the system clock would create some unpredictability, but if you say it is wrong, I will go with that. I changed the bad sentence to:

****
Due to each node having a different network topology based on the visible peers and changing of active forging accts, it is not 100% accurate, but this is by design.
****

With this info in the Whitepaper, are there any other points that need to be covered?

James

[pinarello]

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...

Yes that is at startup had the same problem with chrome, this needs to be fixed.

[Jean-Luc]

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...

Yes that is at startup had the same problem with chrome, this needs to be fixed.

At startup with blocks.nxt and transactions.nxt missing or up to date?

If you are downloading the blockchain from scratch, or a significant number of missing blocks, it is to be expected that the browser UI cannot handle that many blocks. This will not be fixed as there is nobody working on the browser UI. You need to wait until the blockchain is up to date, and then open the browser. Or restart the browser only when it hangs, not the java process too.

[Passion_ltc]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

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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Updated my site! Thanks.

[salsacz]

I am crowdsourcing to get the info for myth:

6. Nxt is a worthless scamcoin without mining

Why is mining so important for all Bitcoiners/altcoiners?

[BitcoinForumator]

There's a piece i'm missing in NXT. With many of the other coins, you see shops and services popping up that take some particular altcoin as a payment, but not with NXT - why not? Only one shop so far.

[Passion_ltc]

There's some bit i'm missing in NXT. With many of the other coins, you see shops and services popping up that take some particular altcoin as a payment, but not with NXT - why not? Only one shop so far.

They can't integrate NXT that fast. It's much work because it's completely new. Same for exchanges.

[Passion_ltc]

Where can I find more pictures?

Push!

[relm9]

There's a piece i'm missing in NXT. With many of the other coins, you see shops and services popping up that take some particular altcoin as a payment, but not with NXT - why not? Only one shop so far.

The API is different from all the other copycat altcoins, so setting up a payment processor would take some work... and I'm not aware of any helper libraries out there yet to interact with the API.

[pinarello]

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...

Yes that is at startup had the same problem with chrome, this needs to be fixed.

At startup with blocks.nxt and transactions.nxt missing or up to date?

If you are downloading the blockchain from scratch, or a significant number of missing blocks, it is to be expected that the browser UI cannot handle that many blocks. This will not be fixed as there is nobody working on the browser UI. You need to wait until the blockchain is up to date, and then open the browser. Or restart the browser only when it hangs, not the java process too.

Ok I understand that, than we have to warn users it will take some time to download the blockchain and they have to wait till complete download, surtenly on the client side this will be needed.

As NEW dummie user I dont bother restarting browsers pushing F5's and downloading blockchains, delete blockchains and restarting from scratch again. you or a good working dummy proof client has to do that for me.

Maybe the client should have a feature to delete .nxt files and replace them if corrupt, and at startup there should be a message to have patience and wait

but that is all client side.

Pin

[pinarello]

I am crowdsourcing to get the info for myth:

6. Nxt is a worthless scamcoin without mining

Why is mining so important for all Bitcoiners/altcoiners?

for the hardware lobby and money plane simple

[Secondleo]

I am crowdsourcing to get the info for myth:

6. Nxt is a worthless scamcoin without mining

Why is mining so important for all Bitcoiners/altcoiners?

for the hardware lobby and money plane simple

It's the carrot. You can get into the system at almost any point, which drives adoption. You have to pay for NXT, but you can mine coins and altcoins and thus get into the system without investing fiat money.

This is also the reason why NXT has a rather fast adaption compared to Bitcoin. You can get into the system without fiat money.

[jl777]

There's a piece i'm missing in NXT. With many of the other coins, you see shops and services popping up that take some particular altcoin as a payment, but not with NXT - why not? Only one shop so far.

I think if there was some NXT glue library that had the same interface as bitcoin, then it would greatly increase adoption of NXT.

As it is, entirely new code with not so simple (to ordinary programmers) logic needs to be implemented. Mistakes cause lost NXT, darkNXT, etc.

If anybody is familiar with how bitcoin is interfaced to other websites (and exchanges) and is able to create a module for NXT that has the same interface, I think that would be worth a bounty.

James

[utopianfuture]

Where can I find more pictures?

Push!

Where do you find this pic ? I am not aware anyone making a client like this.

[mcjavar]

[

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?

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

http://youtu.be/5XBtzeHrTDc

Tai Zen


[/quote]

I liked your previous video, too