Author Topic: NXT online wallet  (Read 6039 times)

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Offline JoeyD

Re: NXT online wallet
« Reply #30 on: May 21, 2014, 10:52:48 am »
Nxtforum.org ? also r/NXT at reddit is quit active

Thanks for those links and I also finally found the reason for the cloak and dagger act with their source code on that forum. That is if Come-from-beyond is part of the core team, but judging from his posts he seems to fulfill a pivotal role.  According to him the reason he is (or they are) keeping a tight lid on some of the code, most importantly transparent forging which sounds an awful lot like the delegate system from what I'm reading there, is because he fears cloning/forking and first wants the network effect and node-framework in place before making it public.

Is NXT not getting any shit for that? Just look at what the Invictus team has to put up with and they aren't even locking their share in or keeping secrets like that. Hell they seem to be exceptionally public and outspoken even encouraging people to fork/compete so you'd expect NXT to receive a much bigger public lashing, very odd.

There also seems to be some rather heavy editing/censoring going on over on bitcointalk in favour of keeping the PoW status-quo according to some people on that nxt-forum. Has anyone noticed that happening in the discussions around bitshares-dpos as well?

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Re: NXT online wallet
« Reply #31 on: May 21, 2014, 11:28:14 am »
Nxtforum.org ? also r/NXT at reddit is quit active

Thanks for those links and I also finally found the reason for the cloak and dagger act with their source code on that forum. That is if Come-from-beyond is part of the core team, but judging from his posts he seems to fulfill a pivotal role.  According to him the reason he is (or they are) keeping a tight lid on some of the code, most importantly transparent forging which sounds an awful lot like the delegate system from what I'm reading there, is because he fears cloning/forking and first wants the network effect and node-framework in place before making it public.

Is NXT not getting any shit for that? Just look at what the Invictus team has to put up with and they aren't even locking their share in or keeping secrets like that. Hell they seem to be exceptionally public and outspoken even encouraging people to fork/compete so you'd expect NXT to receive a much bigger public lashing, very odd.

There also seems to be some rather heavy editing/censoring going on over on bitcointalk in favour of keeping the PoW status-quo according to some people on that nxt-forum. Has anyone noticed that happening in the discussions around bitshares-dpos as well?
+5% nice summary.
Plus: compare nxt's IPO with that of 3i. shorter period .. not announced end of donation... just over 70 stake holders .. just a little more the 20 btc (afair)

I expect btsxt and btsx aswell as ptd2 too generate a much bigger buzz. I can remember alot of people not buying nxt because of the 70-people premine scam...


Btw: most dangerous thing currently ongoing with pts to pts2 is my concerns others might call the 15% marketing 'share' a premine (which it basically is)
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Offline JoeyD

Re: NXT online wallet
« Reply #32 on: May 21, 2014, 12:19:46 pm »
Nxtforum.org ? also r/NXT at reddit is quit active

Thanks for those links and I also finally found the reason for the cloak and dagger act with their source code on that forum. That is if Come-from-beyond is part of the core team, but judging from his posts he seems to fulfill a pivotal role.  According to him the reason he is (or they are) keeping a tight lid on some of the code, most importantly transparent forging which sounds an awful lot like the delegate system from what I'm reading there, is because he fears cloning/forking and first wants the network effect and node-framework in place before making it public.

Is NXT not getting any shit for that? Just look at what the Invictus team has to put up with and they aren't even locking their share in or keeping secrets like that. Hell they seem to be exceptionally public and outspoken even encouraging people to fork/compete so you'd expect NXT to receive a much bigger public lashing, very odd.

There also seems to be some rather heavy editing/censoring going on over on bitcointalk in favour of keeping the PoW status-quo according to some people on that nxt-forum. Has anyone noticed that happening in the discussions around bitshares-dpos as well?
+5% nice summary.
Plus: compare nxt's IPO with that of 3i. shorter period .. not announced end of donation... just over 70 stake holders .. just a little more the 20 btc (afair)

I expect btsxt and btsx aswell as ptd2 too generate a much bigger buzz. I can remember alot of people not buying nxt because of the 70-people premine scam...


Btw: most dangerous thing currently ongoing with pts to pts2 is my concerns others might call the 15% marketing 'share' a premine (which it basically is)

Plus the biggest no no of them all and one I still think is very very bad, no source code at the time of pre-sale on top of the 70 person premine and flash sale.

About the PTS2 announcement and the need to distribute those 15% remaining coins.
Invictus are definitely not handling PR and community communication as well as they should, I was under the impression that at least 2 team-members were hired for that cause. This confusion needs to be cleared up asap. Also having some celebrity personas utter their apparently completely uninformed/uneducated or unsupported viewpoints,  resulting in some ridiculous claims and statements go (or actively trying to make them go) viral on all the public channels, while Invictus/bitshares leaves those claims out in the open, with answers hidden in posts on often unrelated topics is not helping much either.

Offline gaba

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Re: NXT online wallet
« Reply #33 on: June 01, 2014, 08:43:30 am »
Just look where is NXT now just one week later. We are still on whitepapers and angels. Time is ticking.

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Re: NXT online wallet
« Reply #34 on: June 01, 2014, 10:39:56 am »
NXT is clear winner. Bytemaster can't deliver with thousands of BTC what NXT did with 21. It's simple amazing.

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Offline santaclause102

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Re: NXT online wallet
« Reply #35 on: June 01, 2014, 12:33:55 pm »
Quote
There also seems to be some rather heavy editing/censoring going on over on bitcointalk in favour of keeping the PoW status-quo according to some people on that nxt-forum. Has anyone noticed that happening in the discussions around bitshares-dpos as well?
Interesting (the censoring)... do you have a link?

Offline bluemeanie1

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Re: NXT online wallet
« Reply #36 on: June 01, 2014, 02:37:48 pm »
NXT is constantly releasing wallets because their network isn't stable.  It is hard to judge who is a winner by any stretch.

As far as the OP, I do know there are guys who have hashed phrase dictionaries and are waiting on the NXT network.  If a weak wallet appears they will jump in and transfer the NXT out within 1 minute.  It happened to me a few months ago when I made a test wallet with my real full name (Against the warnings of the wallet..).  Within 2 minutes, there was a blockchain transaction removing the money.  Actually I don't recall the timeframe exactly, and it didn't matter,  as I thought it was quite funny and wrote it off as a lesson learned. 

BTW I thought Bitshares was more about creating a DAC toolkit foundation, not trying to make the next cryptocurrency.  It is interesting how the expectations of users vary on here.
I guess you could build DACs using the NXT code as well. But asaik they have a bit a different understanding of DAC: https://nxtforum.org/nxt-improvement-proposals/virtual-corporations-on-nxt/?PHPSESSID=6dq4o5dfi7t1av12usj02t3nu1

hi delulo,

I'm heading off the Virtual Corp project.  The technology was meant to mimic real world corporations.

Not sure if Bitshares DACs have anything to offer over NXT Vcorps, but certainly I'm up to discuss.

-bm
« Last Edit: June 01, 2014, 02:40:32 pm by bluemeanie1 »

Offline JoeyD

Re: NXT online wallet
« Reply #37 on: June 01, 2014, 03:07:02 pm »
Quote
There also seems to be some rather heavy editing/censoring going on over on bitcointalk in favour of keeping the PoW status-quo according to some people on that nxt-forum. Has anyone noticed that happening in the discussions around bitshares-dpos as well?
Interesting (the censoring)... do you have a link?

I have a bad habit of not making bookmarks of information I found very quickly, only to discover afterwards that I'm unable to find it again. I found another thread discussing a similar occurrence and it seems they are referencing the discussion about censorship, unfortunately I'm unable to use the search function on that website, because I've forgotten my login (Could very well be I forgot to register as well, I'm losing track of which forums I've registered to).

EDIT
Sorry bluemeanie1 didn't mean to ignore you. Some members who are also part of the bitshares community are working on a collaborative project under the name BeyondBitcoin and are trying to get the discussion going on that subject via interviews or weekly meetups on the mumble voice-chat server. Maybe you would be interested in doing either an interview on your project or attending one of the mumble-sessions as a guest speaker?

From what I understand the general idea behind the BeyondBitcoin project is to have people from different communities do their own thing and hold their own meetups and digital conferences and such on the mumble server and try to get some cross pollination going, without needing to travel across half the globe and pay high entrance fees to attend a bitcoinconference.
« Last Edit: June 01, 2014, 03:53:25 pm by JoeyD »

Offline bluemeanie1

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Re: NXT online wallet
« Reply #38 on: June 01, 2014, 04:52:10 pm »
I might also add that there is a Virtual Corporations subforumhttps://nxtforum.org/virtual-corporations/

-bm

Offline JoeyD

Re: NXT online wallet
« Reply #39 on: June 01, 2014, 05:05:14 pm »
@bluemeanie1: dank je voor de links (saw you answering in Dutch on the nxtforums).

You seem to have a different concept of DAC, because to me it sounds more like a traditional centralized corporation with a lot of the legal and financial administration on a decentralized ledger/administration system. So I'm a bit confused in how this is decentralized and autonomous, because it sounds more like what bitsharesME is hoping to do over here, issuing shares (in centralized corporations/entities) but tracked and issued on a decentralized network.

Your project does seem to be a lot more complex than bitsharesME, when you talk about implementing all these legal systems and contracts in your system.

Offline bluemeanie1

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Re: NXT online wallet
« Reply #40 on: June 01, 2014, 05:14:06 pm »
@bluemeanie1: dank je voor de links (saw you answering in Dutch on the nxtforums).

You seem to have a different concept of DAC, because to me it sounds more like a traditional centralized corporation with a lot of the legal and financial administration on a decentralized ledger/administration system. So I'm a bit confused in how this is decentralized and autonomous, because it sounds more like what bitsharesME is hoping to do over here, issuing shares (in centralized corporations/entities) but tracked and issued on a decentralized network.

Your project does seem to be a lot more complex than bitsharesME, when you talk about implementing all these legal systems and contracts in your system.

hi there,

NXT already has the basic bitsharesME functions in place, it's called the Asset Exchange.  There's already quite a bit of activity on it.  What VCorps does specifically is overlays corporate governance onto the assets and allows for shareholders to interact with the management of the company.  For instance shareholders can elect officers, and those officers have control over corporate accounts for the tenure of their office.

-bm

Offline luckybit

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Re: NXT online wallet
« Reply #41 on: June 01, 2014, 06:58:38 pm »
@bluemeanie1: dank je voor de links (saw you answering in Dutch on the nxtforums).

You seem to have a different concept of DAC, because to me it sounds more like a traditional centralized corporation with a lot of the legal and financial administration on a decentralized ledger/administration system. So I'm a bit confused in how this is decentralized and autonomous, because it sounds more like what bitsharesME is hoping to do over here, issuing shares (in centralized corporations/entities) but tracked and issued on a decentralized network.

Your project does seem to be a lot more complex than bitsharesME, when you talk about implementing all these legal systems and contracts in your system.

hi there,

NXT already has the basic bitsharesME functions in place, it's called the Asset Exchange.  There's already quite a bit of activity on it.  What VCorps does specifically is overlays corporate governance onto the assets and allows for shareholders to interact with the management of the company.  For instance shareholders can elect officers, and those officers have control over corporate accounts for the tenure of their office.

-bm

I believe I've communicated with you in the past. What is your opinion on NXT at this price? Is it something to buy or is it over priced?
« Last Edit: June 01, 2014, 07:01:29 pm by luckybit »
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Offline bluemeanie1

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Re: NXT online wallet
« Reply #42 on: June 01, 2014, 07:07:19 pm »
@bluemeanie1: dank je voor de links (saw you answering in Dutch on the nxtforums).

You seem to have a different concept of DAC, because to me it sounds more like a traditional centralized corporation with a lot of the legal and financial administration on a decentralized ledger/administration system. So I'm a bit confused in how this is decentralized and autonomous, because it sounds more like what bitsharesME is hoping to do over here, issuing shares (in centralized corporations/entities) but tracked and issued on a decentralized network.

Your project does seem to be a lot more complex than bitsharesME, when you talk about implementing all these legal systems and contracts in your system.

hi there,

NXT already has the basic bitsharesME functions in place, it's called the Asset Exchange.  There's already quite a bit of activity on it.  What VCorps does specifically is overlays corporate governance onto the assets and allows for shareholders to interact with the management of the company.  For instance shareholders can elect officers, and those officers have control over corporate accounts for the tenure of their office.

-bm

I believe I've communicated with you in the past. What is your opinion on NXT at this price? Is it something to buy or is it over priced?

I think we've interacted over at Peershares?

I think it's a great buy.  Lots of stuff happening at NXT right now.  You've got a number of new core features rolling out and a number of interesting financial services are popping up.  Right now we've got a short sale window, and they're developing Forex futures and a few other things.  And of course, I'm working on VCorps.  Seems like everyone is jumping in, the more features they build out, more real demand for NXT while supply-side remains constant.  That's a fairly fundamental equation for rising prices.

-bm

Offline JoeyD

Re: NXT online wallet
« Reply #43 on: June 01, 2014, 11:20:48 pm »
@bluemeanie1: dank je voor de links (saw you answering in Dutch on the nxtforums).

You seem to have a different concept of DAC, because to me it sounds more like a traditional centralized corporation with a lot of the legal and financial administration on a decentralized ledger/administration system. So I'm a bit confused in how this is decentralized and autonomous, because it sounds more like what bitsharesME is hoping to do over here, issuing shares (in centralized corporations/entities) but tracked and issued on a decentralized network.

Your project does seem to be a lot more complex than bitsharesME, when you talk about implementing all these legal systems and contracts in your system.

hi there,

NXT already has the basic bitsharesME functions in place, it's called the Asset Exchange.  There's already quite a bit of activity on it.  What VCorps does specifically is overlays corporate governance onto the assets and allows for shareholders to interact with the management of the company.  For instance shareholders can elect officers, and those officers have control over corporate accounts for the tenure of their office.

-bm

Thanks for clearing that up, it sounds like I understood your concept correctly then. I'm curious with what you'll come up with.

Are you still using the term DAC or have you stepped away from that? Because your are not really talking about a decentralized autonomous company/organisation in your model. Not trying to split hairs here, but it looks like you are going in a completely different direction from the DAC-concepts in bitshares and I'm trying to get my head around what you're trying to do and what benefits and pitfalls a blockchain-based-solution will bring to the table in your application. Biggest pitfall as I see it would be the legal status and validity in the world outside of the blockchain.

Offline bluemeanie1

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Re: NXT online wallet
« Reply #44 on: June 01, 2014, 11:34:21 pm »
@bluemeanie1: dank je voor de links (saw you answering in Dutch on the nxtforums).

You seem to have a different concept of DAC, because to me it sounds more like a traditional centralized corporation with a lot of the legal and financial administration on a decentralized ledger/administration system. So I'm a bit confused in how this is decentralized and autonomous, because it sounds more like what bitsharesME is hoping to do over here, issuing shares (in centralized corporations/entities) but tracked and issued on a decentralized network.

Your project does seem to be a lot more complex than bitsharesME, when you talk about implementing all these legal systems and contracts in your system.

hi there,

NXT already has the basic bitsharesME functions in place, it's called the Asset Exchange.  There's already quite a bit of activity on it.  What VCorps does specifically is overlays corporate governance onto the assets and allows for shareholders to interact with the management of the company.  For instance shareholders can elect officers, and those officers have control over corporate accounts for the tenure of their office.

-bm

Thanks for clearing that up, it sounds like I understood your concept correctly then. I'm curious with what you'll come up with.

Are you still using the term DAC or have you stepped away from that? Because your are not really talking about a decentralized autonomous company/organisation in your model. Not trying to split hairs here, but it looks like you are going in a completely different direction from the DAC-concepts in bitshares and I'm trying to get my head around what you're trying to do and what benefits and pitfalls a blockchain-based-solution will bring to the table in your application. Biggest pitfall as I see it would be the legal status and validity in the world outside of the blockchain.

I personally don't use DAC, I call it Virtual Corporations.  Others did apply this term to it, and it still seems to linger but I think at this point the distinctions are fairly clear.  The project is still in it's early stages so we're quickly working these things out.

Seems the primary difference here is that VCorps involve input from people, whereas DACs(in theory) operate automatically.  I still haven't seen any clear examples of how DACs can be used in real-world situations.

Not sure how the Virtual Corporations would have any different legal status than a DAC.  Perhaps you can explain your statement?

-bm