NXT :: descendant of Bitcoin - Updated Information

[jl777]

I have created a new thread to discuss how to use the Asset Exchange legally.

Please join and share yout thoughts:

https://asktom.cf/index.php?topic=460377

Please share you thoughts about this topic.

It is nice to have this functionality, but if we can´t figure out a way how to use the money made with AE, then all these efforts in createding a running AE are worthless.

Anon beat you to the punch by a few minutes I think... there's an AE thread going on here:

https://asktom.cf/index.php?topic=460343

I was thinking about discussing the opportunities hoe to get the money out of the AE legally. I know someone who owns a comapyn in Austria and would love to use the AE to fund one of the projects of the company, but he is affraid that this would be illegal money. And as of now, I can´t tell him that it isn´t. So this thread should focus on the legal issues around AE.

Yes, I realize that -- Anon's thread still may be a great place for that because (as he's shown in his silver bullion thread) he knows quite a bit about 3rd party audits, customs, SEC/Futures regulations, etc. Maybe information not directly related to EU/Austrian legality, but a wide umbrella of knowledge that concerns AE legality overall.

EDIT -- it's times like this I wish we had jl777 and NxtChg chiming in.

I suggest to move out of countries that are overregulated. Seems the only solution. I hear belarus is nice and I can tell you firsthand that women of eastern europe are AMAZING!

[Fatih87SK]

Do not drink a triple shot latte after being jet lagged with only 3 hours of sleep after 35 hours traveling! I apologize to anybody that I unintentionally dDos'ed. I want to do what the community wants and all I was hearing was for me to stop. I was wrong. Thanks to all who voiced support public and private. So for better or for worse, I will be around for a long time now. You can thank (or blame) neer.g for that. I will be moving my more speculative discussions to nxtcrypto.org and limit my posts here to one or two hot projects and descriptions of active issues in nxtcrypto. Of course, if nobody goes to nxtcrypto, then I will have to resume posting here. I hear that pics of kittens are somehow effective?!

Oh, CIYAM! I liked the improvements to the house, but could you add the optical cloaking http://science.howstuffworks.com/invisibility-cloak.htm and Nikola Tesla's anti-grav http://www.nottaughtinschools.com/John-Hutchison/Antigravity.html? I want it to float and be invisible too

>>>>>>>>>>>>>>
More seriously, I have a big announcement to make. klee is going to seed 1 million NXT for NXTcash operating costs! This is for adding zerocoin algos to NXT. Rickyjames will be creating an account for NXTcash operating costs and also an account for NXTcash completion bonus. The completion bonus will only be paid out after the community approves release of NXTcash. In the unlikely event that it is not achieved by year end, donors will be able to receive the funds back. zeroknowledge level anonymity integrated directly into NXT will be so amazingly huge, I cannot stress how important this project is. Please show your support and create a giant bonus carrot for the members of the NXTcash team.
<<<<<<<<<<<<<<

Since I will have funding for operating costs, this means that I will be able to pay in NXT for qualified people to work parttime or even fulltime on NXTcash. PM me if you are interested.

For now, I am looking for a client dev to add zerocoin API calls (yes we have one now!).

I also need someone with deep statistics background to design and/or implement brute force statistical correlation tests. I want to make sure that even with total access to all the public info that no amount of brute forcing can make any more than random chance guesses as to the flow of funds. In math we trust, but for this zeroknowledge stuff I want to verify it too since I cant claim to understand the advanced maths.

BCNext paraphrased said:
"Trust noone - this is a very important principle. Nxt doesn't rely on trust but solves the problem of trust in another way. It evolves to a system that doesn't care about trust coz everything will be very clear. Transparency extended to absolute leads to inability to cheat thus removing necessity to think if someone should trust another one."

Now that people are testing AE and realizing that anybody can issue anything, I hope they remember what I was saying about ripple. The whole trusting the issuer is a GIANT problem that will not go away easily. It is good to see that many are now realizing the importance of cross chain functionality. Regardless of if it is invoked directly by NXT VM (etherium must be following us because they switched to something much like CfBopcodes) or simply available in NXT core or just possible, it is a really important that we achieve this. Due to this importance, NXTcommunityfund is hiring parttime or fulltime someone with experience programming BTC and at least one other blockchain other than NXT blockchain. PM me if you are interested. There is no spec on how to do it yet, developing that will probably be the first task.

I already have a 100000 NXT bounty for automated crypto gateway. Please make a directed donation for this to fund more developers. The salary for cross chain functionality will be coming out of the bounty, so hopefully we will get enough additional donations to replace the salary costs.

For now, I will limit the projects I post about here to NXTcash and cross chain project. When nxtcrypto is setup for the others, I will post about that.

James

Asesomeness! Good luck!

[jl777]

bad news: http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

this is precisely why we need decentralized exchange.

also [WTS] RandomBux for testNXT. please come over to my discussion thread and lets try some exchanges https://asktom.cf/index.php?topic=460343

I hope you can help with the cross chain project! Combining decentralized exchange and eliminate need for trust is the ultimate solution.

[Mistafreeze]

For now, I will limit the projects I post about here to NXTcash and cross chain project.
James

OK... we need to get approval out of the way... both APPROVED!!!   

Motion carried

[bitcoinpaul]

I was wrong. Thanks to all who voiced support public and private.

Welcome back!

More seriously, I have a big announcement to make. klee is going to seed 1 million NXT for NXTcash operating costs! This is for adding zerocoin algos to NXT. Rickyjames will be creating an account for NXTcash operating costs and also an account for NXTcash completion bonus. The completion bonus will only be paid out after the community approves release of NXTcash. In the unlikely event that it is not achieved by year end, donors will be able to receive the funds back. zeroknowledge level anonymity integrated directly into NXT will be so amazingly huge, I cannot stress how important this project is. Please show your support and create a giant bonus carrot for the members of the NXTcash team.

Hell yeah!

[achimsmile]

Great to have you James!

Let me dream for a second... NXT (incl. AE & TF) + zerocoin functionality + atomic crosschain transactions... mind -> blown

[bitcoinpaul]

Great to have you James!

Let me dream for a second... NXT (incl. AE & TF) + zerocoin functionality + atomic crosschain transactions... mind -> blown

edit: sry ciyam

[wesleyh]

Can't start nxtfreerider on mac.. instructions would be welcomed. Build qt, and all that, now it's complaining about sip (which i already have a version installed of).

[wesleyh]

Great to have you James!

Let me dream for a second... NXT (incl. AE & TF) + zerocoin functionality + atomic crosschain transactions... mind -> blown

+ 1

Easily the two most important things to implement. Welcome back jl :-)

[Anon136]

bad news: http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

this is precisely why we need decentralized exchange.

also [WTS] RandomBux for testNXT. please come over to my discussion thread and lets try some exchanges https://asktom.cf/index.php?topic=460343

I hope you can help with the cross chain project! Combining decentralized exchange and eliminate need for trust is the ultimate solution.

I wish I was as smart as you all think I am.

[klee]

That was a good day for NXT!

 

[Come-from-Beyond]

NXT (incl. AE & TF) + zerocoin functionality + atomic crosschain transactions... mind -> blown

Average Joe will get his mind blown even after an attempt to "decrypt" what u wrote.

[rriky92]

Guys, Has anyone used ./clienxt.run & or clienxt.run file...

Should I make clienxt.run file in next release?

it is just copy of clienxt.jar but executable by itself without java -jar command

thanks

i used ./clienxt.run &

[ChuckOne]

Somebody wanna buy trash? AssetID = 13909058817312512041

[jl777]

I can code this after the community approves the NIP. The most interesting part is to see how the approval will be handled.

Let's vote.

Perhaps one topic could put a post linking to the other and be locked rather than have two topics for the same thing?
(not going to suggest who should do what - maybe you guys can work that out together)

Let's vote.

(.)(.)

Let's poke.

edit: No, really. What's this Ninja in Pajamas about? Please clarify the proposal!

I suggest that any matters that involve protocol changes be approved by a unanimous vote of the tech committee. Most people would not have the expertise to balance the factors involved in making the right decision. If the tech committee cannot reach unanimous agreement, then we must assume that there is some unacceptable risk factor. The decision should be based solely on technical basis, not on any philosophical or other grounds.

As far as what issues go to the tech committee, I think we can use a definition similar to pornography, if it looks like something for the tech committee it must be something for the tech committee. We will know it when we see it.

What about things like deciding whether to add a new functionality into NXTcore? i can see a situation where some people just wouldnt want it for a nontechnical reason. Since people wouldnt be forced to use any new function, I think as long as the tech is sound, a majority forum vote will suffice to get it added.

James

[jl777]

wow, so its expected that NXT drops as BTC drops, but doge is rising despite BTCs drop

winter olympics. Thursday should be close to current peak

[BloodyRookie]

The hash of the transaction already serves as ID_2 as far as I remember.

The problem is whether a different hash can apply to essentially "the same" tx (apparently at the moment - it can).

No

[jl777]

Great to have you James!

Let me dream for a second... NXT (incl. AE & TF) + zerocoin functionality + atomic crosschain transactions... mind -> blown

I've got more ideas, but cant post it here

[BloodyRookie]

The hash of the transaction already serves as ID_2 as far as I remember.

It includes signature bytes.

No. Here is the method getHash from Transaction.java (version 0.6.2):

String getHash()
{
     if (this.hash == null)
     {
       byte[] arrayOfByte = getBytes();
       for (int i = 64; i < 128; i++) {
         arrayOfByte = 0;
       }
       this.hash = Convert.convert(Crypto.sha256().digest(arrayOfByte));
     }
     return this.hash;
}

[Come-from-Beyond]

The hash of the transaction already serves as ID_2 as far as I remember.

It includes signature bytes.

No. Here is the method getHash from Transaction.java (version 0.6.2):

String getHash()
{
     if (this.hash == null)
     {
       byte[] arrayOfByte = getBytes();
       for (int i = 64; i < 128; i++) {
         arrayOfByte = 0;
       }
       this.hash = Convert.convert(Crypto.sha256().digest(arrayOfByte));
     }
     return this.hash;
}

It's hash, not id.

Edit: It's another hash.