NXT :: descendant of Bitcoin - Updated Information

[pinarello]

...
-Implemented Curve25519 algorithm:
  * NXT Solaris is now a bit like "Electrum for NXT" (a thin client that does not download the complete blockchain, connecting to untrusted NRS nodes)
...

Very cool I think this is what the community has been needing to really help adoption.  But lets talk about this from a trust and sustainability perspective...  I had initially thought that eventually, all the public VPSs that I and others have been running with donated funds would no longer be needed when the network got large enough with mass mass adoption. But with thin clients, there will *have* to be something stable for them to connect to.  Assuming NXT really takes off like we want it too, are we prepared (and is the centralization really even appropriate) to continue running a core of  public hallmarked VPSs for the purposes of servicing thin clients?  IF that is the desire, then at some point this sort-of-centralized network of public VPSs we have now will need funds to renew (I believe the 12 I am paying for with bounty should be good till EoY, and the other 13 that I manage are up to the owners to continue payment) as well as possible additional fees for extra bandwidth and CPU/memory upgrades if they end up getting hit hard for utilization.

Is there a better non-centralized model? Or am I too paranoid?  Do we just continue the current course?

just continue imo, funds is (or must be) reserved in the infrastructure unclaimed coins I tought.

[salsacz]

Guys I need some links for educating someone in NXT!

Is there any concerted effort being made to compile information to a single, comprehensive source? there are a lot of places to find info, and a lot of people putting out info, it may be a good idea and a good time for there to be an effort to consolidate and reorganize usable information to a single and definitive source and to coordinate this effort between the people who are working on it. There is so much info out there in so many sources, and in so many forms and styles that it is kind of confusing and really a lot of work to self educate on NXT; And there is no form of cohesion or method to its structure. There IS no single article, blog, interview, podcast, forum thread or any other media source that does it justice as a stand alone source of info. Anon136 was posting last night about how he felt he had given a bad interview on NXT, but that only stands to reason, as the nature of NXT makes it impossible to be educated on in a brief info session, and the lack of cohesiveness in the information that is available only serves to magnify this. It may be a good time to start a coordinated effort to supply a source of info that is more unified, accurate, and complete and is organized in a way as to accommodate specific targeted audiences (technical information seekers, and basic information seekers). I think it would serve the community better and make it seem like we had our stuff together a little more to pursue this. I have come into the community just recently and have spent a lot of time looking, and bugging people with questions to learn about NXT, and this has made me aware of this chink it the NXT armor. I think there is a lot of good info out there, and a lot of talented people who know a lot about NXT and care a lot. But with the way that NXT has grown and with the way that info about it is dispersed as a result of that growth it might be a good Idea to supply a more easy to access, consolidated source of info. Get everyone on the same page so to speak. If there were a group effort, coordinated and outlined for that purpose I think it would be beneficial to the growth of NXT, and would not burden one person with such a daunting task.

if there is an effort to do so, I would like to help if there is help needed. If there has not been such an effort I would like to suggest it and offer help.

Something like a NXT secretary, scribe, or archivist?

Yes. Something to compile existing info, clarify, update and fill in gaps or make more accurate. And also index info for easier access by different demographics. Now that it seems as though the structure of the network is coming together solidly, and details are being be made more concrete. It would be advantageous to have a ready supply of easily accessed info assembled. If there isn't something already. There is a lot more to NXT than it being a coin; it is capable of a lot more. I don't want the fact that people can be lazy and the fact that this info takes effort to find, sort through and digest to create an impression on people that it is just a coin. We should spoon feed the info and impression we want to make, and keep people from having to search around; eliminate redundancy, and provide info that is accurate and concise and propagates NXT in a light of the community interest.

here you have 30 pages about Nxt created from weeks of archivist works (Nxt Myths)
https://drive.google.com/file/d/0BwAGADgnQcrtM3g1cU1VSHZtTGM/edit?usp=sharing

[CoinTropolis_JustaBitTime]

Guys I need some links for educating someone in NXT!

Is there any concerted effort being made to compile information to a single, comprehensive source? there are a lot of places to find info, and a lot of people putting out info, it may be a good idea and a good time for there to be an effort to consolidate and reorganize usable information to a single and definitive source and to coordinate this effort between the people who are working on it. There is so much info out there in so many sources, and in so many forms and styles that it is kind of confusing and really a lot of work to self educate on NXT; And there is no form of cohesion or method to its structure. There IS no single article, blog, interview, podcast, forum thread or any other media source that does it justice as a stand alone source of info. Anon136 was posting last night about how he felt he had given a bad interview on NXT, but that only stands to reason, as the nature of NXT makes it impossible to be educated on in a brief info session, and the lack of cohesiveness in the information that is available only serves to magnify this. It may be a good time to start a coordinated effort to supply a source of info that is more unified, accurate, and complete and is organized in a way as to accommodate specific targeted audiences (technical information seekers, and basic information seekers). I think it would serve the community better and make it seem like we had our stuff together a little more to pursue this. I have come into the community just recently and have spent a lot of time looking, and bugging people with questions to learn about NXT, and this has made me aware of this chink it the NXT armor. I think there is a lot of good info out there, and a lot of talented people who know a lot about NXT and care a lot. But with the way that NXT has grown and with the way that info about it is dispersed as a result of that growth it might be a good Idea to supply a more easy to access, consolidated source of info. Get everyone on the same page so to speak. If there were a group effort, coordinated and outlined for that purpose I think it would be beneficial to the growth of NXT, and would not burden one person with such a daunting task.

if there is an effort to do so, I would like to help if there is help needed. If there has not been such an effort I would like to suggest it and offer help.

Something like a NXT secretary, scribe, or archivist?

Yes. Something to compile existing info, clarify, update and fill in gaps or make more accurate. And also index info for easier access by different demographics. Now that it seems as though the structure of the network is coming together solidly, and details are being be made more concrete. It would be advantageous to have a ready supply of easily accessed info assembled. If there isn't something already. There is a lot more to NXT than it being a coin; it is capable of a lot more. I don't want the fact that people can be lazy and the fact that this info takes effort to find, sort through and digest to create an impression on people that it is just a coin. We should spoon feed the info and impression we want to make, and keep people from having to search around; eliminate redundancy, and provide info that is accurate and concise and propagates NXT in a light of the community interest.

Threads

http://www.nxtcoins.nl/bitcointalk-threads/

Overall Activity

http://www.nxtcoins.nl/50-2/


Damelon does a great job keeping everything in order.

[rdanneskjoldr]

Any plans to reduce the fee?Currently it seems awful for everyone at first sight,that the minimum fee charged is 5$ cents!!

I know it was discussed not much ago,but we should be ready,in case the value of Nxt increased significantly in the next weeks,as there are real chances it could happen.Or people could lose 2$ just trying a demo transfer to a trial account to try Nxt.

[Eadeqa]

Any plans to reduce the fee?Currently it seems awful for everyone at first sight,that the minimum fee charged is 5$ cents!!

I know it was discussed not much ago,but we should be ready,in case the value of Nxt increased significantly in the next weeks,as there are real chances it could happen.Or people could lose 2$ just trying a demo transfer to a trial account to try Nxt.

Yes, this should be a priority. Nxt can't be used as encrypted messaging app (for example Android app) with that high fee.

Consensus was 0.1 but I think 0.01 is even better.

[ChuckOne]

Threads

http://www.nxtcoins.nl/bitcointalk-threads/

Overall Activity

http://www.nxtcoins.nl/50-2/


Damelon does a great job keeping everything in order.

BUMP.

[Damelon]

Guys I need some links for educating someone in NXT!

Question on making things easier to find.

Something like a NXT secretary, scribe, or archivist?

Yes. Something to compile existing info, clarify, update and fill in gaps or make more accurate. And also index info for easier access by different demographics. Now that it seems as though the structure of the network is coming together solidly, and details are being be made more concrete. It would be advantageous to have a ready supply of easily accessed info assembled. If there isn't something already. There is a lot more to NXT than it being a coin; it is capable of a lot more. I don't want the fact that people can be lazy and the fact that this info takes effort to find, sort through and digest to create an impression on people that it is just a coin. We should spoon feed the info and impression we want to make, and keep people from having to search around; eliminate redundancy, and provide info that is accurate and concise and propagates NXT in a light of the community interest.

Threads

http://www.nxtcoins.nl/bitcointalk-threads/

Overall Activity

http://www.nxtcoins.nl/50-2/


Damelon does a great job keeping everything in order.

Thanks, but I think that Jerical has a point.
For instance, I have made a choice not to go into discussions or into technical details, because I cannot do these topics justice. I don't have the background to filter out important stuff for technical questions and discussions and it *would* be good to have them, if only to allow people to quickly leaf through them so they can get a quick "boost" to their creativity.

On the other hand, if you look at how easy it is just to make a simple list in WordPress, there is no need to make it more difficult than it needs to be.

I would be happy to give people access as a contributor to the site so they can keep track of the things I can't keep track of. Or for material from others to be published on the site. The whole aim is accessibility.

We have already tried docs etc, but the point is, all of these still require regular maintenance, or they become useless.

So if anyone wants to use my site to keep people posted on the more technical aspects, you are most welcome. Just drop me a PM and we'll work something out.

[ChuckOne]

Any plans to reduce the fee?Currently it seems awful for everyone at first sight,that the minimum fee charged is 5$ cents!!

I know it was discussed not much ago,but we should be ready,in case the value of Nxt increased significantly in the next weeks,as there are real chances it could happen.Or people could lose 2$ just trying a demo transfer to a trial account to try Nxt.

Yes, this should be a priority. Nxt can't be used as encrypted messaging app (for example Android app) with that high fee.

Consensus was 0.1 but I think 0.01 is even better.

For a standard transaction, yes. I think there was also this idea of having different fees for different transaction types.

[bidji29]

lol, java long is an integer data type not float. That is java basic: http://www.tutorialspoint.com/java/java_basic_datatypes.htm

So why the hell he is asking this stupid question? Of course it would not be float.

Maybe because i have no knowledge in programing language?

I just know/heard floating point are not very good for any financial system, or anything that recquire accuracy.
So i thought it would be best to express it, to be sure, even if it appear stupid to some people...

[Damelon]

lol, java long is an integer data type not float. That is java basic: http://www.tutorialspoint.com/java/java_basic_datatypes.htm

So why the hell he is asking this stupid question? Of course it would not be float.

Maybe because i have no knowledge in programing language?

I just know/heard floating point are not very good for any financial system, or anything that recquire accuracy.
So i thought it would be best to express it, to be sure, even if it appear stupid to some people...

Just take it as a compliment that everyone in here thinks that the other is equally capable

Welcome to the thread

[marcus03]

...
-Implemented Curve25519 algorithm:
  * NXT Solaris is now a bit like "Electrum for NXT" (a thin client that does not download the complete blockchain, connecting to untrusted NRS nodes)
...

Very cool I think this is what the community has been needing to really help adoption.  But lets talk about this from a trust and sustainability perspective...  I had initially thought that eventually, all the public VPSs that I and others have been running with donated funds would no longer be needed when the network got large enough with mass mass adoption. But with thin clients, there will *have* to be something stable for them to connect to.  Assuming NXT really takes off like we want it too, are we prepared (and is the centralization really even appropriate) to continue running a core of  public hallmarked VPSs for the purposes of servicing thin clients?  IF that is the desire, then at some point this sort-of-centralized network of public VPSs we have now will need funds to renew (I believe the 12 I am paying for with bounty should be good till EoY, and the other 13 that I manage are up to the owners to continue payment) as well as possible additional fees for extra bandwidth and CPU/memory upgrades if they end up getting hit hard for utilization.

Is there a better non-centralized model? Or am I too paranoid?  Do we just continue the current course?

You are raising very important questions. I was thinking about these, too and they are the reason why I have applied for the infrastructure commitee.

I wouldn't call you paranoid, but I see things a bit more optmistic. With the current low adoption of NXT we do have a working network and with wider adoption plus service providers with an economic interest to keep the network stable, I would say the future looks good.

Nevertheless we should be prepared and I look forward to do a kind of brainstorming for problems, solutions and ideas regarding NXT infrastructure once we have a commitee.

[Damelon]

reading for asset exchange people:
http://techcrunch.com/2014/02/15/kickstarter-coins-2/?ncid=reddit_social_share

Just read this and it's a very inspiring article.
Required reading for anyone who wants to know the power of AE.

[pinarello]

Need an explanation: I made three transactions from this account today but now I looked into the account and all three transactions are gone.

fork ?

[msin]

Plan for automated multisig gateway


Some of you have expressed concerns about NXT clones. The automated gateway builds on top of NXT, so we can get a significant advantage by keeping it proprietary for a little while. Say, three months before open sourcing.

It is of strategic importance for NXT to have gateways to all the popular cryptos out there. I will also be adding NXTcash support to the gateway and we dont have to wait for external releases. As soon as it tests out, we can go live.

There have been some suggestions that I make a business out of the gateways, but I see much more value being created by making it the NXT community's gateway. To that end, I will be authorizing NXTcommunityfunds to ensure that we can all benefit from a non-profit gateway for all the popular cryptos into NXT AE.

I need three independent and trustworthy server operators to install and run the gateway. You will have to promise not to release source code until approved to do so. The biggest task will probably be installing a couple dozen bitcoind forks.

I need web html person to make web interface for gateway. There is no need for people to have to compile a program just to get deposit address or change withdrawal address. Everyone is used to doing that from webpage. It does have to do local signing as we have to send AM to make gateway requests.

I also need somebody to write code for the equivalent of blockchain explorer, basically gateway transaction explorer. Correlating transactions, tracking balances, etc. [I could do this, but it is better if there are more people familiar with what the gateway is doing with AM]

I also would like to have somebody refactor the code. It is ~2500 lines of C code that uses no libraries other than curl. Everything else is custom code, it was just faster for me to write it from scratch than mess around with unfamiliar libraries.  I am sure my code can be improved.

Probably the most important, I need to hire Evil Bob. At least somebody who will do all sorts of Evil Bobness to the gateway.

After we are done with this project, NXT AE will have direct links to dozens of crypto wallets. All these cryptos will trade against NXT, making NXT the standard that the other coins are valued. We need to make sure the gateway code is secure before putting it into production. I will be setting aside 100000 NXT for a NDIC (nxt deposit insurance) fund, 10000 NXT per person and 100K max, for any gateway caused losses.

Please help us put some distance between us and the clones! Volunteers are most welcomed, but if you need some NXT to motivate you to participate, PM me and I will see what I can work out.

James

Bump for importance, if anyone can help with this, please contact James.

[bitcoinpaul]

Once again, someone needs to clarify some things for me. Please correct the following process, it could be total bullshit:

1. James uses AE + AM and three servers to make a gateway for external coins
2. Sending DOGE to the gateway triggers an automated process to send DOGE assets from the Nxt accounts of the servers to the sender's Nxt account
3. Sending DOGE assets back to the gateway triggers the servers to send DOGE coins back to a DOGE address

[Fatih87SK]

Omg

[chanc3r]

Omg

Sick - hope there is a moderator on who can delete it - i already reported it
and block that sicko from posting again
if you click on 'ignore' it will disappear from your feed

[wakasaki808]

Everyone just report the guy. Then just ignore him so don't need to see the image any more...

[Damelon]

Omg

Is NOT going in the summaries!

[msin]

I made an easy page for hopefully most of the BCT threads: http://www.nxtcoins.nl/bitcointalk-threads/

There is more than enough activity outside of this thread, contrary what people may think.

Chances are I've missed some. If people who are involved in these could send me a PM, I'll add them.

Also:

I have made the current source code repository public:

https://bitbucket.org/JeanLucPicard/nxt/

Master branch is still 0.7.6, develop is 0.8.3 plus latest unreleased changes.

Awesome

My new homepage, thanks for doing that.