NXT :: descendant of Bitcoin - Updated Information

[bitcoinpaul]

is there any site/thread where i can go to see if there is any nxt related updates? iv missed a bomb of pages nw and dnt have time to go through it :/

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

[ZeroTheGreat]

I think NEM will be successfull

That's possible.

because of the large number of account holder. Nxt has around 200 people in the core community. If 10% is doing something for Nxt, that´s 20 people. If NEM has the tenfold of investors, they have more people to build things around NEM...

We'll see. There's no qualitative difference between Nxt and NEM distribution. Only difference in quantity. And my point is: there can't be qualitative difference at all. Any imaginable distribution'd be unfair in some point of view. It'd not be goal and distribution just don't worth the attention.

Dynamics still mean something though: dynamics of distribution of limited resource always'll be better than dynamics of distribution of unlimited resource (unlimited for someone, some group or for everyone). For example, US Dollar unlimited for some well-known guys  

That´s why we would need the price of Nxt to go up, because that would draw in more investors. The stable price in this phase of Nxt is not a benefit.

Disagree. Price'd not be in attention zone neither. Market'll decide, regular high volumes'll stabilze. Only speculators'd care about the price.

For those who want Nxt to grow bigger (in aspects of adoption, amount of good code, volumes. liquidity and so on) right now and still've free time I've two words: become doers  

[salsacz]

is there any site/thread where i can go to see if there is any nxt related updates? iv missed a bomb of pages nw and dnt have time to go through it :/

you can choose

http://nxter.org/

Nxt news daily
http://paper.li/NxtCrypto/1393244031

http://nxtcurrency.tumblr.com/

http://info.nxtcrypto.org/

https://www.facebook.com/nxtcrypto

http://www.reddit.com/r/nxt/

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

[CIYAM]

What's with James idea of coins on top of Nxt?

I think that parallel chains will provide a *neater* way of doing other "coins" in Nxt, however, having gateways to "outside" blockchains is also an important thing.

[CIYAM]

One idea (which I will not take credit for, only restating in this context) was that perhaps 'effectiveBalance' (ie: forging power == 'leased + owned NXT') could be capped to prevent large pools.

Yes I think that should be one of the "settings" for a parallel chain (and maybe we ought to think about having such a limit on the main chain also).

[bitcoinpaul]

What's with James idea of coins on top of Nxt?

I think that parallel chains will provide a *neater* way of doing other "coins" in Nxt, however, having gateways to "outside" blockchains is also an important thing.

I have a feeling that parallel chains are indeed better, but I'm no dev and just wanted to throw in his idea so we can keep track of everything related.

[utopianfuture]

I think NEM will be successfull

That's possible.

because of the large number of account holder. Nxt has around 200 people in the core community. If 10% is doing something for Nxt, that´s 20 people. If NEM has the tenfold of investors, they have more people to build things around NEM...

We'll see. There's no qualitative difference between Nxt and NEM distribution. Only difference in quantity. And my point is: there can't be qualitative difference at all. Any imaginable distribution'd be unfair in some point of view. It'd not be goal and distribution just don't worth the attention.

Dynamics still mean something though: dynamics of distribution of limited resource always'll be better than dynamics of distribution of unlimited resource (unlimited for someone, some group or for everyone). For example, US Dollar unlimited for some well-known guys  

That´s why we would need the price of Nxt to go up, because that would draw in more investors. The stable price in this phase of Nxt is not a benefit.

Disagree. Price'd not be in attention zone neither. Market'll decide, regular high volumes'll stabilze. Only speculators'd care about the price.

For those who want Nxt to grow bigger (in aspects of adoption, amount of good code, volumes. liquidity and so on) right now and still've free time I've two words: become doers  

I tend to agree with ZeroTheGreat here. The problem with NXT is not about distribution. The real problem is the wrong incentive alignment. No one complains when Sergey and Larry control 50% of Google but when some 10million+ NXT stakeholder do really nothing people will complain and worse they will stop contributing.  BTW I don't think it is a dooming factor but some people do have to work extra hard to make up for these issues.

[bitcoinpaul]

Where are we now:

- Main Chain as base for every other parallel chain
- Main chain also hight TPS with TF
- parallel chains with different options (PoS/PoW/hybrid, TF or not TF)
- as-good-as-it-can-get-decentralized gateways for trading other coins in Asset Exchange

Where do we put AE, AM, AT into this buffet of ideas?

[CIYAM]

Where do we put AE, AM, AT into this buffet of ideas?

Okay - unless we can work out some other way to do atomic cross-chain txs then I think AT will be required to be supported by all parallel chains.

I don't think parallel chains need to support AM or AE as to my thinking they are "just coins" but again that will be up to the community to decide.

[bitcoinpaul]

Where do we put AE, AM, AT into this buffet of ideas?

Okay - unless we can work out some other way to do atomic cross-chain txs then I think AT will be required to be supported by all parallel chains.

I don't think parallel chains need to support AM or AE as to my thinking they are "just coins" but again that will be up to the community to decide.

Or we decide if there are other options and let the community of the various parallel blockchains decide.

[bitcoinpaul]

What's with James idea of coins on top of Nxt?

I think that parallel chains will provide a *neater* way of doing other "coins" in Nxt, however, having gateways to "outside" blockchains is also an important thing.

btw i thought james' coin idea is another thing and has nothing to do with the gateway

[brooklynbtc]

Sorry I havent been paying attention to this, but how do I get to the admin, alias, and update screens in 0.8.X?

I see them in the /html/tools/ but I can't get them to open in the browser. I drag them to chrome but they arent connected to the web.

thoughts?

jef

[marek3ball]

http://127.0.0.1:7876/

[CIYAM]

btw i thought james' coin idea is another thing and has nothing to do with the gateway

Perhaps that is the "nodecoin" that was mentioned before - am not really sure whether it will be relevant once we have parallel chains.

[gs02xzz]

,

I tend to agree with ZeroTheGreat here. The problem with NXT is not about distribution. The real problem is the wrong incentive alignment. No one complains when Sergey and Larry control 50% of Google but when some 10million+ NXT stakeholder do really nothing people will complain and worse they will stop contributing.  BTW I don't think it is a dooming factor but some people do have to work extra hard to make up for these issues.

Make sense. It hard to believe a company can be successful if the top founders and shareholders are not actively and passionately involved in the business. Nxtcoins are the shares of the Nxt. They should be the leaders and guards of this movement/company simply because they have more stakes in it and care more. As Ricky mentioned the leadership committee, they could sit in that committee. BCNext has been the free dev for Nxt for so long. Now he left. The momentum might just right stop here.

[martismartis]

Have question for 4747...888. Why do you forge?

[brooklynbtc]

http://127.0.0.1:7876/

Thanks, I stumbled upon that. Can we clear up why its in there?

[bitcoinpaul]

btw i thought james' coin idea is another thing and has nothing to do with the gateway

Perhaps that is the "nodecoin" that was mentioned before - am not really sure whether it will be relevant once we have parallel chains.

Ok, so you don't know how he implements these coins on top of Nxt. Well, JAMES. Wake up, tell us about it.

During this time 2 more things:

I.

1. Assumption: Our Nxt has TF, a good portion of TPS and everything is fine.
2. Now we add parallel chains with all the things we discussed so far to it. And people start building parallel chains.
3. What does this to our main chain? Technically speaking. What are the implications?

II.

Is related to 3: Please summarize what the technical benefits for our mainchain are by having parallel blockchains (besides the point that we can 'offload' features to other chains)

[Asian Prepper]

Here is a video interview between me and Stephanie Murphy about NXT.  Stephanie is the host of the popular bitcoin talk show, "Let's Talk Bitcoin" at the 2014 Texas Bitcoin Conference:

http://prisonorfreedom.com/what-is-nxt-by-tai-zen-stephanie-murphy-from-lets-talk-bitcoin-at-2014-texas-bitcoin-conference/

Enjoy!
Tai Zen

[CIYAM]

I.

1. Assumption: Our Nxt has TF, a good portion of TPS and everything is fine.
2. Now we add parallel chains with all the things we discussed so far to it. And people start building parallel chains.
3. What does this to our main chain? Technically speaking. What are the implications?

Luckily it doesn't affect the main chain at all (technically they are like having LTC and BTC on the same computer if you are running both).

The idea of putting in "checkpoint" messages would be to simply add 1 small AM per day per chain (would hardly be noticed even if we had a thousand of them).

II.

Is related to 3: Please summarize what the technical benefits for our mainchain are by having parallel blockchains (besides the point that we can 'offload' features to other chains)

It makes Nxt the ideal "platform" to experiment with new blockchains and to test new ideas without risking failure to the main chain (alts are now being used to trial ideas that might be useful to Bitcoin because they simply can't risk trialing anything with Bitcoin).