NXT :: descendant of Bitcoin - Updated Information

[CIYAM]

Not strictly Nxt related - but you might be interested in Datacoin's in-blockchain web apps: https://asktom.cf/index.php?topic=405992.0

Did look at that - but won't be fast enough.

[jl777]

What is the right word? I am trying to balance technical accuracy with conveying the appropriate concept to the reader.

I think "fee dividend" is probably about the best one (it conveys the idea that you get something because of your investment without the idea that that something "comes from nothing").

Yes, that is pretty good. Also due to the variability each person gets a different rate, easier to understand the rate difference if it is a dividend (which is expected to vary) as opposed to interest (which is expected to be stable)

[ImmortAlex]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

If community can break only because there's no "to da moon!" action... Do we really need such kind of "community"?

[Damelon]

Don't sell NXTs so cheap.

Sorry, nothing personal, but I really had to laugh hard when reading this.

After two weeks of "Why is it so expensive?", the price is dropping, we have a cheap sale and now this.

I am officially baffled.

[jl777]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

If community can break only because there's no "to da moon!" action... Do we really need such kind of "community"?

We are at yuriygeorge's price point, at least on dgex.

[jl777]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

Warren Buffett said, “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

[mcjavar]

Question on ripple:

I managed to deposit some nxt, but now it seems that I have no access to them..
When I put in my RippleAddress it is asking for a secret key. What is that?? Did I create a secret key=? I have noticed a secret key previously, but when I put it in there and send on Sell, nothing happens. No message, no error, nothing. That is not really userfriendly..

If you are on a Mac, I think there are some problems with direct trade page. If you use the ripple wallet directly, you don't need to put any secret key anywhere, it is already in the ripple wallet.

Just go to trade page in wallet, type in "NXT/XRP" uppercase in the dropdown. Input peercover's ripple address for issuer: ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV

Now the orderbook will appear, current bid is 2.25 XRP and ask is 2.69 XRP, about 30% above dgex prices. Kind of a hassle, but worth doing to get a bit more from selling NXT

You must have at least 30 XRP to submit an order.

I have 29.99, lol

I think ripple doesnt want me to trade there

[msin]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

Warren Buffett said, “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

Yep, it's a great time to buy Nxt.

[psybits]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

Warren Buffett said, “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

Nxt is so young still - it is not going to reach its full price potential for a while.

These dips are good - enables more people to join and buy more Nxt - distributing more Nxt around to more people.

[superresistant]

who will do it ?
Andreas M. Antonopoulos  ( http://antonopoulos.com/ )

Community should find someone with a master degree in Cryptography.

that is him...
His many expertise include Bitcoin, crypto-currencies, Information Security, Cryptography, Cloud Computing, Data Centers, Linux, Open Source and robotics software development. He also has been CISSP certified for 12 years.

He is the dude.
<3 <3 <3

[grizmoblust]

CFB don't want to spread a fear or panic in market, he'll sell everything in steps, until 50000 block

What happens after 50,000blocks?

[Vega]

CFB don't want to spread a fear or panic in market, he'll sell everything in steps, until 50000 block

What happens after 50,000blocks?

And this is why making this kind of jokes are not a good idea...

[Patel]

And this is why making this kind of jokes is not a good idea...

for real..

[utopianfuture]

who will do it ?

Andreas M. Antonopoulos  ( http://antonopoulos.com/ )

Community should find someone with a master degree in Cryptography.

that is him...

His many expertise include Bitcoin, crypto-currencies, Information Security, Cryptography, Cloud Computing, Data Centers, Linux, Open Source and robotics software development. He also has been CISSP certified for 12 years.

Now come back to the relevant topic.

Antonopoulos is a great popularizer but I don't think he has an academic credential. I would suggest Emin Gün Sirer (or Ittay Eyal ) at hacking distributed
http://hackingdistributed.com/

He is a professor in Cornell and he has been working with Bitcoin algorithm for quite sometimes. He also wrote a paper on Bitcoin selfish mining and he will work for a bounty as he did with bitcoin. As long as he like NXT algorithm, I think we are as good as gold.

Luc should contact him for an independent review.

[admiral.fu]

who will do it ?
Andreas M. Antonopoulos  ( http://antonopoulos.com/ )

Community should find someone with a master degree in Cryptography.

that is him...
His many expertise include Bitcoin, crypto-currencies, Information Security, Cryptography, Cloud Computing, Data Centers, Linux, Open Source and robotics software development. He also has been CISSP certified for 12 years.

He is the dude.
<3 <3 <3

Indeed. Had forgotten about M. Antonopoulos. If he would agree to make the independent review, his research results would be trusted by the BTC community, though he's very busy expert.

[opticalcarrier]

What is the right word? I am trying to balance technical accuracy with conveying the appropriate concept to the reader.

I think "fee dividend" is probably about the best one (it conveys the idea that you get something because of your investment without the idea that that something "comes from nothing").

Yes, that is pretty good. Also due to the variability each person gets a different rate, easier to understand the rate difference if it is a dividend (which is expected to vary) as opposed to interest (which is expected to be stable)

My issue with using the term "interest" stems mainly from the fact that the paragraph starts out talking about bitcoin, and how it doesnt have interest, and how NXT does.  but really its possible to mine for transaction fees in bitcoin.

I think one thing the whitepaper doesnt touch on and which may be appropriate for this particular section we are discussing is how with NX, your balance is what mines for you, not ASICS. (since you are discussing deficiencies of bitcoin)

Feel free to swipe some more material on the article that I wrote for bitcoinmagazine that still hasnt been published. https://forums.nxtcrypto.org/viewtopic.php?style=1&f=2&t=276


And Ive created a wiki board in forums.nxtcryto.org and also put a post in there for us to offload whitepaper discussion from this thread
https://forums.nxtcrypto.org/viewtopic.php?style=1&f=55&t=564

[utopianfuture]

who will do it ?
Andreas M. Antonopoulos  ( http://antonopoulos.com/ )

Community should find someone with a master degree in Cryptography.

that is him...
His many expertise include Bitcoin, crypto-currencies, Information Security, Cryptography, Cloud Computing, Data Centers, Linux, Open Source and robotics software development. He also has been CISSP certified for 12 years.

He is the dude.
<3 <3 <3

Indeed. Had forgotten about M. Antonopoulos. If he would agree to make the independent review, his research results would be trusted by the BTC community, though he's very busy expert.

Disagree. Antonopoulos is a popularizer  not a hard-core cryptographer or mathematician. He made a name with Bitcoin and has a vested interest with Bitcoin. I can not expect him to be an independent reviewer at all. It is like asking keiser to testify on monetary policy. Nothing good will come.

[IveBeenBit]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

If community can break only because there's no "to da moon!" action... Do we really need such kind of "community"?

I agree. My new policy is to add anyone complaining about short term price movements, or market manipulation to my ignore list. I encourage others to do the same.

NXT will succeed because of its features and applications that take advantage of them, not because of price stability in the first 4 months of its existence.

[msin]

who will do it ?
Andreas M. Antonopoulos  ( http://antonopoulos.com/ )

Community should find someone with a master degree in Cryptography.

that is him...
His many expertise include Bitcoin, crypto-currencies, Information Security, Cryptography, Cloud Computing, Data Centers, Linux, Open Source and robotics software development. He also has been CISSP certified for 12 years.

He is the dude.
<3 <3 <3

Indeed. Had forgotten about M. Antonopoulos. If he would agree to make the independent review, his research results would be trusted by the BTC community, though he's very busy expert.

Disagree. Antonopoulos is popularizer  not a hard-core cryptographer or mathematician. He made a name with Bitcoin and has a vested interest with Bitcoin. I can not expect him to be an independent reviewer at all. It is like asking keiser to testify on monetary policy. Nothing good will come.

+1, not a good choice.  

[martismartis]

CFB don't want to spread a fear or panic in market, he'll sell everything in steps, until 50000 block

What happens after 50,000blocks?

And this is why making this kind of jokes are not a good idea...

Cool down and relax