NXT :: descendant of Bitcoin - Updated Information

[msin]

@CFB/JLC How hard would it be, to implement, that a node can only effectively forge with 1.000.000 NXT? Meaning that if you have 5  accounts with 200.000 you can run them on one node, but if you have 1 account with 2.000.000 NXT you will need to open that account on two nodes to fully get the forging power?

I've always liked this idea.  Large Nxt holders don't really care about forging, they will make their money with their holdings.  This would also encourage large holders to run multiple nodes.  It levels the playing field for those under 1M.

Yeah it grows on me too. I can't find the downside on this method. This can even be lowered in the future when NXT tx volume gets bigger

Yeah, perhaps it could be programmed into Nxt to decrease with block height, eventually reaching 1Nxt.  I would love to see a guy with 1Nxt have the ability to forge a large block.

[Meizirkki]

Is it safe to use weshleys awesome interface in the main net?

EDIT: More importantly, with a real account.

[v39453]

I didn't understand what buyer/seller verified means.

What I mean is that when you are leaving feedback via AM, you will be required to enter a Tx id, where the sender (buyer's) account must match your account # and the receiving account must match the account where you are sending the feedback AM (the sellers account).  If those match up, the feedback is sent via AM.

I'm wondering if escrow/reputation is the best model for the SR type use case, and if there could be an alternative model.
Would the names of products and quantities sold be publicly available on the blockchain? Somehow I think this will draw unwanted attention.

Nothing would show up on the blockchain except the amounts of Nxt and the public feedback, all other messages would be encrypted.

How would disputes be resolved?  Outsiders can't know if the seller has sent the product. Either the seller or buyer can try to scam.

With Escrow AT, you would send your Nxt to seller via AT, at which point the Nxt is committed and you have two choices, release the funds to the seller or release the funds to the genesis block or charity (whereas neither party would benefit).  You wouldn't have the choice to get them back and the seller wouldn't have incentive to scam you since the funds would go elsewhere if you don't get your product.

Seller can sell to himself and give good feedback.

Yes, but they would have to go through the trouble of sending Nxt, leaving feedback, and it would all be traceable, and there would be no purpose with Escrow AT.

So this is a burn escrow, which doesn't need outsiders to resolve disputes. And it doesn't use the asset exchange, because sales are not public.

I didn't understand how the buyer finds the sellers and the products to be sold.

[klee]

James is a machine.

I want this thing that he smokes too.

What do you think of NXTmixer? Let us assume we can ignore quantum computers that can peek inside the encrypted data. With everybody broadcasting, there is no time based correlations. I could even make it so everybody has to send the same multiple of 100NXT, but I dont think that is necessary.

What am I missing? I couldnt have come up with a working mixer in a day?!

James

Please ask AnonyMint to audit everything you do (NXTcash and/or mixing related)...

EDIT: I only trust him for this (he is totally paranoid regarding anonymity)

[mcjavar]

Is it safe to use weshleys awesome interface in the main net?

EDIT: More importantly, with a real account.

We haven´t heard about issues so far.

[S3MKi]

I spent about 3000NXT to promote Nxt for russian speaking people in vk.com by http://vk.com/cryptonxt. If u can donate 5552153634766291106

[Meizirkki]

Alrighty then

By the way, is it possible to implement a forum feature in nxt? Imagine we could have this thread inside the system! Tho the message fee should be 0.01 or less otherwise we'll only hear from those who have something important to say

EDIT: Probably not a good idea to implement a forum in nxt but can the message fee be lowered while keeping minimum transaction fee at 1nxt?

[Meizirkki]

I spent about 3000NXT to promote Nxt for russian speaking people in vk.com by http://vk.com/cryptonxt. If u can donate 5552153634766291106

How did you manage to spend all that?

[pinarello]

Alrighty then

By the way, is it possible to implement a forum feature in nxt? Imagine we could have this thread inside the system! Tho the message fee should be 0.01 or less otherwise we'll only hear from those who have something important to say

great idea!

[pinarello]

Is it safe to use weshleys awesome interface in the main net?

EDIT: More importantly, with a real account.

Be sure you use the good version!

[Meizirkki]

Alrighty then

By the way, is it possible to implement a forum feature in nxt? Imagine we could have this thread inside the system! Tho the message fee should be 0.01 or less otherwise we'll only hear from those who have something important to say

great idea!

Tho I just realized the deep web people could poison the chain on everyones nodes forever with questionable or illegal stuff.  

[Meizirkki]

Is it safe to use weshleys awesome interface in the main net?

EDIT: More importantly, with a real account.

Be sure you use the good version!

If there's a bad version (that steals my account?) you got to tell me right now.

[S3MKi]

I spent about 3000NXT to promote Nxt for russian speaking people in vk.com by http://vk.com/cryptonxt. If u can donate 5552153634766291106

How did you manage to spend all that?

I create some post. For example http://vk.com/wall-64086699_91. Subscribers share it( I send them 49NXT) and their friends see post about Nxt in their news. New people know about Nxt.

[Meizirkki]

I spent about 3000NXT to promote Nxt for russian speaking people in vk.com by http://vk.com/cryptonxt. If u can donate 5552153634766291106

How did you manage to spend all that?

I create some post. For example http://vk.com/wall-64086699_91. Subscribers share it( I send them 49NXT) and their friends see post about Nxt in their news. New people know about Nxt.

oh that's cool

[mcjavar]

Is it safe to use weshleys awesome interface in the main net?

EDIT: More importantly, with a real account.

Be sure you use the good version!

If there's a bad version (that steals my account?) you got to tell me right now.

I don´t know what pin refers to. I haven´t heard about a "bad" version.

[pinarello]

Is it safe to use weshleys awesome interface in the main net?

EDIT: More importantly, with a real account.

Be sure you use the good version!

If there's a bad version (that steals my account?) you got to tell me right now.

No, I think you can only use wesleth his client in testnet not with real accounts

[pinarello]

Is it safe to use weshleys awesome interface in the main net?

EDIT: More importantly, with a real account.

Be sure you use the good version!

If there's a bad version (that steals my account?) you got to tell me right now.

I don´t know what pin refers to. I haven´t heard about a "bad" version.

sorry for the confusion, I mean you can only use wesleyh his client in testnet, i could be wrong...

there is no such thing as a bad version of this client

[Meizirkki]

No, I think you can only use wesleth his client in testnet not with real accounts

I have my real account open right now in his interface, in main net. It's working beautifully.

there is no such thing as a bad version of this client

I agree  

[klee]

Come-from-Beyond, can you introduce some developer to the community? He/she will be warmly met and trusted. Or maybe you should just recommend somebody that you respect? We can gather some funds for them or vote for the unclaimed coins?


_{(come on, you should know somebody   )}

Klee,

didnt you pay generously for two DEVs? what are they doing now?

One dev, one IT - the dev is in talks with Amazon...

I hired another one (very good too) he currently looks at the AT with CIYAM but I will tell him about the need for core devs...

I am not willing to cover his compensation though for this (at least not more than a small percentage).
I pay him for the AT feature only, so the community/early adopters should find a way to cover his (and the other core devs) expenses.

My personal opinion is that 1/3 of unclaimed funds should go for audit/whitepaper, 1/3 for core devs and 1/3 for marketing.

Extra features like AT and NXTcash should be covered by early adopters (like me and neer who cover together AT and me covering alone NXTcash).

Of course I think it is time for ALL stakeholders >10M to form a committee and contribute proportionally an amount every month for the core dev team too!

[mcjavar]

Nxt :: Asset Exchange Test


Please send me some test cases so I can upload them to the test management platform.

I didn´t receive a single PM regarding testcases. I´ve set up a test management platform, which is useless without test cases. Due to the restrictions, I am the only one that can add test cases, but everyone will be able to run the tests.

So please, provide some test cases for the asset exchange, so I can fill the platform with life.

You can reply here, or send me a PM, whatever you prefer.