NXT :: descendant of Bitcoin - Updated Information

[allwelder]

Elvis BCNext twin - http://www.nxts.info/home.php?mod=space&username=BCNext

Maybe, "BC" means "Beijing, China", who knows?..

May be.who knows ,

[wesleyh]

I emailed Dmitry Skiba and actually got a response

Hi,

Actually I don't know nothing about cryptography, I just ported that code from C to Java many years ago. So I can't really answer your question.

Regards,
Dmitry

Does he still have the original C code? I thought that was needed to see if anything was incorrectly ported. May be wrong..

[BitcoinForumator]

Damn Dogecoin is killing us.

[klee]

Damn Dogecoin is killing us.

With infinite coin supply it will kill all other coins...unless it will fall back to zero (as it should).

[mcjavar]

http://blogs.wsj.com/moneybeat/2014/02/10/bitbeat-bitcoin-getting-hammered-and-sickled/

Granted, dogecoin has gone from Internet meme to one of the top five alt-coins in a matter of months, and granted there are also some features to it that may even improve upon bitcoin’s system. Certainly, having fun and encouraging others to do the same can be a very effective strategy to build buzz and goodwill. That the community was able to donate enough doegcoins (more than $30,000) to get the Jamaican bobsled team to the Sochi Olympics was a stroke of marketing genius.

But it’s worth remembering, too, that in the world of virtual currencies, there is almost no barrier to entry, and the success or failure of a system will depend upon its utility and its supporters. Because ultimately all these currencies – whether its dogecoin, bitcoin, or the U.S. dollar – are really just tools that aid commerce and business. How well they achieve that goal is the real measure of success.

No mention of Nxt. The Doge-guys are doing great marketing job.

[BitcoinForumator]

Damn Dogecoin is killing us.

With infinite coin supply it will kill all other coins...unless it will fall back to zero (as it should).

Who knows what longterm will bring.

Maybe I should rephrase, it's not the Dogecoin that's killing us...

adoption is what's killing our coin - the lack of adoption/usage. Doge is being passed around, used for all kinds of things/endeavours, it's not just that it has a cool meme appeal, it's being used.

While nxt is for a large part being hoarded for speculation. Correct me if i'm wrong...

[klee]

Damn Dogecoin is killing us.

With infinite coin supply it will kill all other coins...unless it will fall back to zero (as it should).

Who knows what longterm will bring.

Maybe I should rephrase, it's not the Dogecoin that's killing us...

adoption is what's killing our coin - the lack of adoption/usage. Doge is being passed around, used for all kinds of things/endeavours, it's not just that it has a cool meme appeal, it's being used.

While nxt is for a large part being hoarded for speculation. Correct me if i'm wrong...

You are right, I hope the AE will change that..

[allwelder]

Damn Dogecoin is killing us.

With infinite coin supply it will kill all other coins...unless it will fall back to zero (as it should).

Who knows what longterm will bring.

Maybe I should rephrase, it's not the Dogecoin that's killing us...

adoption is what's killing our coin - the lack of adoption/usage. Doge is being passed around, used for all kinds of things/endeavours, it's not just that it has a cool meme appeal, it's being used.

While nxt is for a large part being hoarded for speculation. Correct me if i'm wrong...

You are right, I hope the AE will change that..

we could not only rely on tech,there should be more marketing works IMO.

[klee]

Damn Dogecoin is killing us.

With infinite coin supply it will kill all other coins...unless it will fall back to zero (as it should).

Who knows what longterm will bring.

Maybe I should rephrase, it's not the Dogecoin that's killing us...

adoption is what's killing our coin - the lack of adoption/usage. Doge is being passed around, used for all kinds of things/endeavours, it's not just that it has a cool meme appeal, it's being used.

While nxt is for a large part being hoarded for speculation. Correct me if i'm wrong...

You are right, I hope the AE will change that..

we could not only rely on tech,there should be more marketing works IMO.

I have something in progress along with the NXTcash that I will fund - jl777 will post soon.

[allwelder]

Damn Dogecoin is killing us.

With infinite coin supply it will kill all other coins...unless it will fall back to zero (as it should).

Who knows what longterm will bring.

Maybe I should rephrase, it's not the Dogecoin that's killing us...

adoption is what's killing our coin - the lack of adoption/usage. Doge is being passed around, used for all kinds of things/endeavours, it's not just that it has a cool meme appeal, it's being used.

While nxt is for a large part being hoarded for speculation. Correct me if i'm wrong...

You are right, I hope the AE will change that..

we could not only rely on tech,there should be more marketing works IMO.

I have something in progress along with the NXTcash that I will fund - jl777 will post soon.

GREAT.cannot wait to see the latest info.

[titan20]

i have a question about passwords. If you have a weak password your coins will be stolen, because of the rainbowtable guys. But isn't it true that when these rainbow guys try to bruteforce an account. And every time they enter a non-existing passwords then each time a new account is created within next?

So if you create a new account with a weak password you probably access an already created account which was bruteforced earlier. There are ofcourse no coins in these accounts so you think they are new. Is there no way to signal that you are entering an already existing account? So you know that you should not send coins to this 'new' account

 

[coolmist]

i have a question about passwords. If you have a weak password your coins will be stolen, because of the rainbowtable guys. But isn't it true that when these rainbow guys try to bruteforce an account. And every time they enter a non-existing passwords then each time a new account is created within next?

So if you create a new account with a weak password you probably access an already created account which was bruteforced earlier. There are ofcourse no coins in these accounts so you think they are new. Is there no way to signal that you are entering an already existing account? So you know that you should not send coins to this 'new' account

 

No, the blockchain is loaded into RAM offline and referenced with a ssd raid setup, no new accounts are created. I don't think there is a signal programmed in yet.

[jkoil]

First Week in NXTio.org!


Forged blocks: 2 (all empty )

but get up and flying!

You gotta fly fast and high to reach top miners

   Total: Fee earned 701996 NXT   
6483973064837388393 has mined 163299 NXT.
The 2nd is     4747512364439223888    with 101830 NXT.
In the table below is the top "miners" and their cumulative NXT amount and cumulative percentages.


In the forum was yesterday a nxt balance distribution: top100 has 82.7%
https://asktom.cf/index.php?topic=345619.msg5034054#msg5034054
 
In mining/forging the distribution is worse: 4 accounts have mined 56.7%, 28 accounts have mined 90%, and 98 accounts 99% and 400 accounts 100%.



    Fee Earned       %                     TOP accounts
    cumulative  cumul.

   163163   23.2                6483973064837388393
   253458   36.1                4747512364439223888
   334469   47.6                12692935506199079028
   398066   56.7                9433259657262176905
   433008   61.7                2159498187382012684
   458350   65.3                2584657662098653454
   480373   68.4
   501797   71.5
   516684   73.6
   528616   75.3
   540357   77.0
   551740   78.6
   562741   80.2
   571905   81.5
   579116   82.5
   585703   83.4
   591579   84.3
   597233   85.1
   602481   85.8
   606923   86.5
   610916   87.0
   614900   87.6
   618815   88.2
   622026   88.6
   625180   89.1
   628267   89.5
   631337   89.9
   634377   90.4





Is that 6483973064837388393 some special account?
 it has had at maximum ~ 3 Million NXT, but it has earned fees almost double than those 50 Million's accounts.

[opticalcarrier]

i have a question about passwords. If you have a weak password your coins will be stolen, because of the rainbowtable guys. But isn't it true that when these rainbow guys try to bruteforce an account. And every time they enter a non-existing passwords then each time a new account is created within next?

So if you create a new account with a weak password you probably access an already created account which was bruteforced earlier. There are ofcourse no coins in these accounts so you think they are new. Is there no way to signal that you are entering an already existing account? So you know that you should not send coins to this 'new' account

 

if you open in already used account you will see transactions

[BitcoinForumator]

 

http://www.youtube.com/watch?v=NI9z7gMpeE4

[^[GS]^]

You gotta fly fast and high to reach top miners

   Total: Fee earned 701996 NXT   
6483973064837388393 has mined 163299 NXT.
The 2nd is     4747512364439223888    with 101830 NXT.
In the table below is the top "miners" and their cumulative NXT amount and cumulative percentages.


In the forum was yesterday a nxt balance distribution: top100 has 82.7%
https://asktom.cf/index.php?topic=345619.msg5034054#msg5034054
 
In mining/forging the distribution is worse: 4 accounts have mined 56.7%, 28 accounts have mined 90%, and 98 accounts 99% and 400 accounts 100%.



    Fee Earned       %                     TOP accounts
    cumulative  cumul.

   163163   23.2                6483973064837388393
   253458   36.1                4747512364439223888
   334469   47.6                12692935506199079028
   398066   56.7                9433259657262176905
   433008   61.7                2159498187382012684
   458350   65.3                2584657662098653454
   480373   68.4
   501797   71.5
   516684   73.6
   528616   75.3
   540357   77.0
   551740   78.6
   562741   80.2
   571905   81.5
   579116   82.5
   585703   83.4
   591579   84.3
   597233   85.1
   602481   85.8
   606923   86.5
   610916   87.0
   614900   87.6
   618815   88.2
   622026   88.6
   625180   89.1
   628267   89.5
   631337   89.9
   634377   90.4





Is that 6483973064837388393 some special account?
 it has had at maximum ~ 3 Million NXT, but it has earned fees almost double than those 50 Million's accounts.

Yeah, I've seen! so we need as much possible NXT to forge continued.
So far are two empty blocks, yesterday.

[gvans]

Is that 6483973064837388393 some special account?
 it has had at maximum ~ 3 Million NXT, but it has earned fees almost double than those 50 Million's accounts.

I recall this was mentioned way back when alias-system was implemented and the rush for potentially profitable aliases started. For some reason, intentionally or by mistake, someone had set an enormous fee like over 100000 nxt to get just one alias. And one lucky guy, can't remember who it was but one of the active ones here, he was just lucky enough to forge that crazy fee.

[intel]

I hope NXT Asset Exchange 'll not have a hole which XCP have.

Anyone can place an order which is not backed by any deposited instrument:

http://www.blockscan.com/order_book.aspx  (somebody please do the screenshot).

The issue discussion is here: https://forums.counterparty.co/index.php/topic,69.0.html

[rickyjames]

Somebody (apparently a founder of QixCoin) really doesn't seem to like Etherium.  Here are some of his main criticisms, interesting to consider from a NXT point of view:

https://bitslog.wordpress.com/2014/01/17/ethereum-dagger-pow-is-flawed/

https://bitslog.wordpress.com/2014/02/05/changes-in-ethereum-scripting-language/

[Anon136]

http://www.youtube.com/watch?v=NI9z7gMpeE4

0% chance that isnt satire or trolling. No one who wished to be taken seriously would present themselves in such a manner.