NXT :: descendant of Bitcoin - Updated Information

[justicephantasy]

can I get testNXT  16214750509969699706 Thanks！

[Jean-Luc]

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Release 0.7.5

http://download.nxtcrypto.org/nxt-client-0.7.5.zip

sha256: 66adc8379a8f6e3fba7797fbc94b8b62f3e486ea5b6e9877f064c4b0d1f2584d


Change log:

Various performance and memory usage improvements.

Improved validation of peer addresses and handling of peer connection
status changes. User interface improvements related to peer display.

Additional optimizations in getMilestoneBlockIds, backwards compatible.

Further clean up of the core nxt classes from all UI related parameters.


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[cc001]

can I get testNXT  16214750509969699706 Thanks！

sent 10k, hf

[EmoneyRu]

Is there any list with links to all Nxt web-pages?

[develCuy]

Can I get some NXT to 8870558994413474036?

Thanks in advance!

[marek3ball]

Could I use the link to the nxt.org as an first contact for new people intersted in Nxt? What kind of information will be there?

[cc001]

Can I get some NXT to 8870558994413474036?

Thanks in advance!

sent 10k, hf

[bitcoinpaul]

Could I use the link to the nxt.org as an first contact for new people intersted in Nxt? What kind of information will be there?

As long as the page is empty, it would be awkward. Better use nxtcrypto.org or mynxt.org.

[Jean-Luc]

It turns out the transition to fractional amounts, which is required for reducing the minimum fee, will not be that simple. It would require adding a new transaction type, because the current ordinary payment transaction stores amounts and fees with 1 NXT precision, not multiplied by 100 as in the account balance. So it will take longer to implement and test. The positive side is that while doing that we can make the fractional part allow amounts much lower than 0.01, so we will achieve much higher divisibility.

[bitcoinpaul]

The positive side is that while doing that we can make the fractional part allow amounts much lower than 0.01, so we will achieve much higher divisibility.

+1.000000000

[instacalm]

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Release 0.7.5

Cheers, Mr. Picard.

[CIYAM]

The positive side is that while doing that we can make the fractional part allow amounts much lower than 0.01, so we will achieve much higher divisibility.

I just want to be sure about one thing - you aren't planning on using any floating point numbers for this are you (i.e. all the arithmetic will be using integers I hope)?

[kknk808]

By the way: last chance to get your money out of Nxtchg today: https://nxtchg.com/index.php

Seems like it has been sold.

I believe optical and brooklynbtc bought it. I think

[Damelon]

It turns out the transition to fractional amounts, which is required for reducing the minimum fee, will not be that simple. It would require adding a new transaction type, because the current ordinary payment transaction stores amounts and fees with 1 NXT precision, not multiplied by 100 as in the account balance. So it will take longer to implement and test. The positive side is that while doing that we can make the fractional part allow amounts much lower than 0.01, so we will achieve much higher divisibility.

Well, that's a silver lining!

Also means we keep discussing the pros and cons of lowering the fee.
I was afraid I'd have to miss my weekend entertainment!  

[Agent86]

It turns out the transition to fractional amounts, which is required for reducing the minimum fee, will not be that simple. It would require adding a new transaction type, because the current ordinary payment transaction stores amounts and fees with 1 NXT precision, not multiplied by 100 as in the account balance. So it will take longer to implement and test. The positive side is that while doing that we can make the fractional part allow amounts much lower than 0.01, so we will achieve much higher divisibility.

Does anyone think it may be possible to split NXT in the same way that a stock splits when it gets too valuable?  i.e.  if you have one NXT you now have 100 NXT... everything just gets multiplied and then new transaction fee could be 10 NXT.  The reason I suggest this is because decimals are kind of a pain and it really encourages tipping and use when coins are not worth so much.  People just feel cheap tipping 1 NXT.  I think this is part of the reason DOGE tipping caught on so well.  BCNext wanted to avoid using decimals but I think was shortsighted about how much the value of one NXT could end up being.  Maybe this is too complicated to do though.

[Jean-Luc]

all the arithmetic will be using integers I hope

Yes of course.

[bitcoinpaul]

It turns out the transition to fractional amounts, which is required for reducing the minimum fee, will not be that simple. It would require adding a new transaction type, because the current ordinary payment transaction stores amounts and fees with 1 NXT precision, not multiplied by 100 as in the account balance. So it will take longer to implement and test. The positive side is that while doing that we can make the fractional part allow amounts much lower than 0.01, so we will achieve much higher divisibility.

Does anyone think it may be possible to split NXT in the same way that a stock splits when it gets too valuable?  i.e.  if you have one NXT you now have 100 NXT... everything just gets multiplied and then new transaction fee could be 10 NXT.  The reason I suggest this is because decimals are kind of a pain and it really encourages tipping and use when coins are not worth so much.  People just feel cheap tipping 1 NXT.  I think this is part of the reason DOGE tipping caught on so well.  BCNext wanted to avoid using decimals but I think was shortsighted about how much the value of one NXT could end up being.  Maybe this is too complicated to do though.

No, but it is like with bitcoins and mBTC.

[xyzzyx]

Does anyone think it may be possible to split NXT in the same way that a stock splits when it gets too valuable?  i.e.  if you have one NXT you now have 100 NXT... everything just gets multiplied and then new transaction fee could be 10 NXT.  The reason I suggest this is because decimals are kind of a pain and it really encourages tipping and use when coins are not worth so much.  People just feel cheap tipping 1 NXT.  I think this is part of the reason DOGE tipping caught on so well.  BCNext wanted to avoid using decimals but I think was shortsighted about how much the value of one NXT could end up being.  Maybe this is too complicated to do though.

Every time a decimal place of precision is added it can also be viewed as inflating the total NXT supply by an order of magnitude.  The difference is really only how it is presented/viewed to the users.  So in that way added precision could be viewed as a split.

[CIYAM]

Yes of course.

Good to know - btw - if you are going to have to "upgrade" the tx format are you also considering adding "pay to many" txs (and for even better compression also "pay the same amount to many" which could be useful for things like sending "dividends")?

[Jean-Luc]

Good to know - btw - if you are going to have to "upgrade" the tx format are you also considering adding "pay to many" txs (and for even better compression also "pay the same amount to many" which could be useful for things like sending "dividends")?

Not now, this will open another can of worms.