NXT :: descendant of Bitcoin - Updated Information

[opticalcarrier]

Good thinking. But Is there a way to cheat this with a modified client? How does the network punish/prevent someone from modifying the code to allow their instance to pool as much as they want

I believe the network should easily be able to validate what hes describing such that these types of shenanigans are impossible.  But I dont understand the need/logic of limiting total forging power.  What is the goal behind that?

Agreed.  Leasing declarations would be stored on blockchain and validated by peers.

The logic to limit total forging power is to prevent very large concentrations in a single pool (ie: Bitcoin's ghash.io).

I think a better method would be to globally limit amount of forging power as a variable figure based on the target of the current block or that and some other factors.  This would allow us to optimally maximize the use of forging power while protecting the network from letting 1 group, either pooled or a single account, get too large for any network target condition at any particular time.  It should work on a first come first served basis such that only the first group of users declared in the blockchain as having their forging power in the leased pool to have their funds used in the pool, and that other users beyond that amount defined by current target would temporarily have their entire balances not part of the pool's forging power if the target is too high, and when target lowers enough, they get put back in.

I believe this should all be possible to be validated on the blockchain by the entire network.

This method would put the onus of responsibility for maximization of pooled forging power on the ACCOUNT OWNERS.  They would have to think about which pool is best for their particular balance if they wanted maximization.

[Fern]

We will have one soon!

I hope so and thanks!!  

Re: NXT for Dummies

Ok Pinarello, 'we will have one soon'. Good. So, when I tell new investors to go to nxtcrypto.org and download the client, will this be it?

At the moment it's NRS 0.8.3, which got updated again 5 minutes ago.   This is where we are stumbling. New investors will NOT put up with this?

NRS is not for newbies and this should be taken off the main site as soon as we have a working client. And people will post that we do have working clients but there is always something that puts people off like updates.

Can you promise me that nxtcrypto.org will have a NXT Client for Dummies (99% humans) as soon as possible??

That client will be Wesleysh client integrated in NRS java, mistafreeze will create the installer.

Wesley delivers the client to J-L tomorrow, dont know how long integration will take but I hope they can do it before friday coz J-L is leaving till sunday

in short when wesleys client is integrated mistafreeze one click installer installs all without any hustle.

THIS will be the standard NXT client

Great. This will be a huge milestone for NXT. I hope this plan does not get derailed.

[pinarello]

I really do not understand where the problem lies? The whales could easily support two developers FULLTIME to finish a client within a month.

really?

[joefox]

Does this make sense to anyone and does anyone have any ideas about how we arrive at one website and one simple client.

Problem solved re: a simple client: https://wallet.mynxt.info

As for one website: right now it's www.nxtcrypto.org.  But the truth is that Nxt is decentralized and you CANNOT force ANYONE to adhere to one of anything.

[wesleyh]

Does this make sense to anyone and does anyone have any ideas about how we arrive at one website and one simple client.

Problem solved re: a simple client: https://wallet.mynxt.info

As for one website: right now it's www.nxtcrypto.org.  But the truth is that Nxt is decentralized and you CANNOT force ANYONE to adhere to one of anything.

Anyone can also simply put my web wallet online. Well, they'll have to wait until there's client side encryption, but when that is done, can be used without issue. Even simpler, simply download the HTML folder, open index.html and connect to any public node there is. (Again, when client side encryption is completed). No exe needed.. but of course then you don't have java server local. Good enough for newbies though!

[pinarello]

J-L,

 - please tell us when that bug in AE will be fixed?

 - can we integrate AE 13th march?

[ChuckOne]

I really do not understand where the problem lies? The whales could easily support two developers FULLTIME to finish a client within a month.

really?

Really.

Fulltime means they have plenty of time. NXT only have a limit amount of features:

Accounts
Balance + Transactions
Aliases
Voting System
Asset Exchange

Beyond that are mere statistical goodies:
blockchain explorer
peers

API calls are pretty simple and easy to use. The returned JSON can easily be parsed and evaluated.

The only heavily load (and that's intrinsic to native clients) is the GUI.

***** Personal Preference *****
Might not reflect the most optimal solution for NXT.
I like the web client extended, but that's probably mainly due to my Web affinity.

[wesleyh]

J-L,

 - please tell us when that bug in AE will be fixed?

 - can we integrate AE 13th march?

That's just a known bug, there may be other bugs. l8orre mentioned some things, not sure if jean-luc has checked into that. Also waiting for jl777 test of the asset exchange. All users should test it themselves also.

[Come-from-Beyond]

What about the new high-level/low-level API? Is there some coming until April?

I'm not planning to implement it.

[opticalcarrier]

Anyone can also simply put my web wallet online. Well, they'll have to wait until there's client side encryption, but when that is done, can be used without issue. Even simpler, simply download the HTML folder, open index.html and connect to any public node there is. (Again, when client side encryption is completed). No exe needed.. but of course then you don't have java server local. Good enough for newbies though!

when is this going to happen?

[Come-from-Beyond]

how do we know you actualy delivered what BCNext has paid for is better formulated.

how do we know you did all what he asked?

U can't know that. But... I recall that u said that I am BCNext, so if I paid myself for doing something then I could change the agreement any way I wish, coz both the parties would agree on that.  

[Jean-Luc]

Test net nodes: please update to 0.8.6, and delete your old blockchain.

[Patel]

To whoever runs the PM list, Please take my name off the spam list, thank you

[wesleyh]

Anyone can also simply put my web wallet online. Well, they'll have to wait until there's client side encryption, but when that is done, can be used without issue. Even simpler, simply download the HTML folder, open index.html and connect to any public node there is. (Again, when client side encryption is completed). No exe needed.. but of course then you don't have java server local. Good enough for newbies though!

when is this going to happen?

I got some code from BloodyRookie to do client side encryption, but I haven't yet looked into it deeply. I was going to contact Zahlen and a few other people to help, just didn't find the time to do that. Also, I may perhaps have to wait for CFB until he makes his prepareTransaction API call available, as that would make it easier.

I hope that this API returns error messages in case there is a mistake, and raw bytes if there aren't. Then when returned those bytes would have to be signed by the password and this can be broadcasted out.

It's also possible to do this without prepareTransaction, but that's going to create a lot of duplicate code and client side error checking is required, so I'm not sure if that's a good solution.. I think it's best to wait for the prepareTransaction API. (This api takes all parameters except the user password).

[ChuckOne]

New version of my web interface available for download: http://nxtra.org/nxt-client/dev.zip

I haven't change the interface at http://nxtra.org/nxt-client yet though, will do that tomorrow.

Anyway, I haven't pushed this to bitbucket yet because I need to fix a few more bugs. If anyone is willing to test, place the unzipped files in nxt/html/tools/dev

Then connect to testnet (by editing nxt-default.properties) and try everything out.

It now comes with skin abilities, I made this when testnet was down, obviously not a high priority, but still.. Eventually it will be possible to customize the boxes, background, and tables as well.

For now, just the sidebar and header are customizable. There's a bug though if you go to settings and try to customize default sidebar/header it won't work. Will fix that tomorrow.

Again, test on TESTNET.

Donations are appreciated at 8189784314684138350 - thank you!

I might have been blind for days now. But this is great!!!! I should get some sleep.

[Fern]

Does this make sense to anyone and does anyone have any ideas about how we arrive at one website and one simple client.

Problem solved re: a simple client: https://wallet.mynxt.info

As for one website: right now it's www.nxtcrypto.org.  But the truth is that Nxt is decentralized and you CANNOT force ANYONE to adhere to one of anything.

Anyone can also simply put my web wallet online. Well, they'll have to wait until there's client side encryption, but when that is done, can be used without issue. Even simpler, simply download the HTML folder, open index.html and connect to any public node there is. (Again, when client side encryption is completed). No exe needed.. but of course then you don't have java server local. Good enough for newbies though!

No, all too fancy and complicated too soon. The online idea is great but there isn't enough trust built up yet in NXT.
Lets just get Wesleyh's client up and running as the primary client and go from there.

[Come-from-Beyond]

The time the orders were placed should determine the price at which the deal is made, not part of a hash. That's why is was asking about the algorithm.

Order X is placed earlier than order Y if X has more confirmations than Y. When they have the same number of confirmations then their ids define the order.

Time doesn't matter at all.

[jl777]

Test net nodes: please update to 0.8.6, and delete your old blockchain.

OK, starting to upgrade 209.126.* and 162.217.*

James

Edit: I think I got all 180 of them. If anybody sees one of my servers not upgraded, please let me know the IP

[opticalcarrier]

how do we know you actualy delivered what BCNext has paid for is better formulated.

how do we know you did all what he asked?

U can't know that. But... I recall that u said that I am BCNext, so if I paid myself for doing something then I could change the agreement any way I wish, coz both the parties would agree on that.  

not necessarily.  how sane are you?

[swartzfeger]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.8.6

http://download.nxtcrypto.org/nxt-client-0.8.6.zip

sha256: ecdce17e2d1cd704fce3b7e40d458c1c8b80a1cf064eb8f4f5e7f6593166dba8

Wesleyh, when will the Mac client support 0.8.x? I'm still at 0.7.5.

Friday, I'm away tomorrow afternoon, but friday this will be my priority. Sorry for the delay, been working on the web interface non-stop..

Understood. That's what I assumed. It really is a great client, which is why I'm anxious to upgrade.