Nxt Forum

Nxt Discussion => Nxt General Discussion => Topic started by: coinomat on February 19, 2016, 09:31:32 am

Title: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:31:32 am
We will be launching a new blockchain-based decentralized network, with user-defined tokens issue and transfer.

It will be based on following principles:

1. Does not support scripting on core level. New transaction types are supported through plug-in system and soft forks.
Decentralized contracts might be realized in future based on "proof of execution" and supernodes approach.

2. POS consensus. Improvements to counter the "nothing-at-stake" argument will be considered, but plain-vanilla POS is deemed to be "secure enough"

3. Main focus is on usability and connection to "real world" economy

- At launch fiat and BTC assets are supported.  Fiat assets are backed by existing fiat payment systems/banks.

- Asset to asset swap/trading is supported on the core level, which allows to offer quasi stock exchange user experience, with trading against fiat currencies.

- User-friendly interface resembling online banking or online broker interfaces. Realized as a browser plugin.
Basically users have a full-scale crowdfunding/trading platform right at launch, with native fiat currencies support. User experience is close to usual financial website experience.

4. Reputation system is considered to be vital, and will be realized soon after the launch. It will be based on voting system which is an integral part of the core. Also account activity will be used to define the account karma (issued assets, transactions volume etc).

5. Scalability is considered to be the main problem which will need to be tackled eventually, and some basic scalability improvements will have to be made on the core level right from the start. 

6. Strict development practices. All major changes in the core should be approved by the stakers community through voting.

7. The client will be coded in low-level programming language (C/C++)

All in all the network has a "NXT Classic" feel, with improved user-friendliness, strict development practices, connection to existing fiat networks, and high-load ready.

We have several major NXT ecosystem contributors already on our team. Currently the developers team is being finalized, and we will be coding it fast. If you want to join us you know how to reach me :)

Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Sebastien256 on February 19, 2016, 09:34:17 am
If you release a new blockchain, what will be the token distribution mecahnism?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: allwelder on February 19, 2016, 09:41:16 am
Based on NXT chain or other?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:42:00 am
If you release a new blockchain, what will be the token distribution mecahnism?
We will do a pre-sale. Also NXT assets can be moved to the new platform, through the proof-of-burn on NXT blockchain.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:42:30 am
Based on NXT chain or other?
No, it will be an independent chain.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Sebastien256 on February 19, 2016, 09:43:14 am
The release is plan for when?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:47:38 am
The release is plan for when?
I want to have the test network ready in three months.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Sebastien256 on February 19, 2016, 09:50:42 am
So what happen to your current asset on Nxt the ecosystem?

To be honest, this sound a like a leaving ship move and sound a like a bad new, not a good one.  :(

I don't see problems with Nxt platform from the point of view of your usage and I have difficulty understanding the need of a new blockchain, seriously!

Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: lurker10 on February 19, 2016, 09:56:23 am
Does this belong in Alternative currencies subforum?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:58:23 am
So what happen to your current asset on Nxt the ecosystem?

To be honest, this sound a like a leaving ship move and sound a like a bad new, not a good one.  :(

I don't see problems with Nxt platform for the point of view of your usage and I have difficulty understanding the need of a new blockchain, seriously!
All my assets will be moved to the new platform, so there will be no financial loss to asset holders. All dividend payouts will made in BTC/Fiat.
Also all my NXT projects will be supported, including coinomat, nxtcrowd.fund and others.
I don't wanna fight wars with current NXT dev's, wish NXT all the best, but my view of what NXT should be is exactly opposite to theirs.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:59:51 am
Does this belong in Alternative currencies subforum?
Probably not, since it has relevance to NXT assets.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Sebastien256 on February 19, 2016, 10:00:06 am
Why not creating a centrlized trading platform for your need?
A blockchain seems overkill.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: lurker10 on February 19, 2016, 10:00:13 am
I have difficulty understanding the need of a new blockchain, seriously!

It's normal, the future will be many blockchains. Every company or community will want their own. That is why NXT need to move to NXT 2.0 design asap to gather many semi-independent (with no in-house coders) blockchains under its umbrella. If it doesn't, it will be one of many of the same rank. NXT has a competitive advantage to move beyond and above that.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 10:02:12 am
Why not creating a centrlized trading platform for your need?
A blockchain seems overkill.
We'll do that too.
I'll try to re-launch SAE based on Kushti's backend.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Sebastien256 on February 19, 2016, 10:06:51 am
But why don't you wait for Nxt 2.0 to launch your blockchain on Nxt? Does not that sound ironic?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: bob_ggg on February 19, 2016, 10:07:44 am
Using BTC as THE internal currency is essential. It is the only asset liquid enough in the currency space. Fiat opens up the issue of counterparty trust and KYC.

If you start the development process with the clear support of programmable transactions with supernodes, you add a key feature enough for me to participate to the presale/IPO.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: LocoMB on February 19, 2016, 10:08:45 am
But why don't you wait for Nxt 2.0 to launch your blockchain on Nxt? Does not that sound ironic?

Because NXT2.0 is supposed to not happen for at least a YEAR?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Sebastien256 on February 19, 2016, 10:10:53 am
But why don't you wait for Nxt 2.0 to launch your blockchain on Nxt? Does not that sound ironic?

Because NXT2.0 is supposed to not happen for at least a YEAR?

But coinomat want his testnet in 3 months (if no delay, but there is always delay). Sound to me that they will make a lot of work to launch their blockchain while they could use their ressources for something more productive.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: martismartis on February 19, 2016, 10:12:22 am
So what happen to your current asset on Nxt the ecosystem?

To be honest, this sound a like a leaving ship move and sound a like a bad new, not a good one.  :(

I don't see problems with Nxt platform for the point of view of your usage and I have difficulty understanding the need of a new blockchain, seriously!
All my assets will be moved to the new platform, so there will be no financial loss to asset holders. All dividend payouts will made in BTC/Fiat.
Also all my NXT projects will be supported, including coinomat, nxtcrowd.fund and others.
I don't wanna fight wars with current NXT dev's, wish NXT all the best, but my view of what NXT should be is exactly opposite to theirs.

So, present holders of your assets will need to install new client, download new blockchain, trade them on new platform?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: maddy83 on February 19, 2016, 10:17:20 am
But why don't you wait for Nxt 2.0 to launch your blockchain on Nxt? Does not that sound ironic?

Maybe he is not happy with the direction where NXT 2.0 is heading?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 10:19:31 am
To prevent further questions why re-launch NXT

I have a very clear vision of what a system based on principles similar to NXT should be, regarding usability, connection to existing institutions,
and its role in the nascent decentralized platforms universe. I always liked the direct approach bcnext took, if you need some feature just include it in the core. This approach runs counter to ETH approach, where you just provide the tools and wait for people to build features using them.
ETH is very cool, but we need alternative approaches too. I can see that in a year after ETH launch no one managed to code an AE analogue.
it will be coded eventually of course, but it suggests that ETH might be not the final solution.

We will revolutionize crowdfunding, and the way open source development is working. I'm already talking to several payment systems who will back up fiat assets. What we will be doing will be really close to real world economy, will be based on our NXT experience, will have a very clear focus on what people REALLY need, and will address their urgent demands.

Don't ask why re-launch. Ask what will be better.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 10:22:38 am
Using BTC as THE internal currency is essential. It is the only asset liquid enough in the currency space. Fiat opens up the issue of counterparty trust and KYC.

If you start the development process with the clear support of programmable transactions with supernodes, you add a key feature enough for me to participate to the presale/IPO.
yes, BTC will be supported on the core level.
Basically we'll have pre-approved fiat and crypto assets, backed-up by third parties.
We will try to minimize the centralization here of course, using existing tech (multisig) and organizational (having several fiat partners) tools.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 10:23:53 am
So what happen to your current asset on Nxt the ecosystem?

To be honest, this sound a like a leaving ship move and sound a like a bad new, not a good one.  :(

I don't see problems with Nxt platform for the point of view of your usage and I have difficulty understanding the need of a new blockchain, seriously!
All my assets will be moved to the new platform, so there will be no financial loss to asset holders. All dividend payouts will made in BTC/Fiat.
Also all my NXT projects will be supported, including coinomat, nxtcrowd.fund and others.
I don't wanna fight wars with current NXT dev's, wish NXT all the best, but my view of what NXT should be is exactly opposite to theirs.

So, present holders of your assets will need to install new client, download new blockchain, trade them on new platform?
not much installation will be there. will a very high probability it will run in a browser as a plugin.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 10:24:32 am
But why don't you wait for Nxt 2.0 to launch your blockchain on Nxt? Does not that sound ironic?

Maybe he is not happy with the direction where NXT 2.0 is heading?
That's true, I won't deny that.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Sebastien256 on February 19, 2016, 10:25:49 am
If you create a new blockhain coinomat, I hope cryptofund holder will hold 10% of all the tokens and 10% more of the token will be distribute to your cryptofund holders. Because you said cryptofund was your umbrella assets for all your projects.

edit, im not sure of the usual pourcentage, but you get the idea.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 10:28:27 am
If you create a new blockhain coinomat, I hope cryptofund holder will hold 10% of all the tokens and 10% more of the token will be distribute to your cryptofund holders. Because you said cryptofund was your umbrella assets for all your projects.
Everyone is gonna be happy, trust me.
I don't care about NXT per se, but I do care about NXT community a lot. This is a way to make it rich and prosperous.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: lurker10 on February 19, 2016, 10:47:44 am
I sense this crypto will be more centralized and by extension more KYC/AML legal framework and censorship compliant than NXT because of its connections with banking institutions. NXT is a grey area to operate for companies because too decentralized. This is a relevant thread https://bitcointalk.org/index.php?topic=1336082.0
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 10:52:52 am
I sense this crypto will be more centralized and by extension more KYC/AML legal framework and censorship compliant than NXT because of its connections with banking institutions. NXT is a grey area to operate for companies because too decentralized. This is a relevant thread https://bitcointalk.org/index.php?topic=1336082.0
true that. I'm not much of a crypto anarchist. I'm a decentralization guy. It's different. Blockchains should become objective reality the banks have to deal with, BUT NOT CONTROL THEM. Fuck permissioned blockchains. Banks has to work with existing miners/stakers supported chains.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: lurker10 on February 19, 2016, 10:56:46 am
banks have to deal with, BUT NOT CONTROL THEM. Fuck permissioned blockchains. Banks has to work with existing miners/stakers supported chains.

How do you achieve that if you're not fully, to the point of obsession, decentralized? Existing miners/stakers in your semi-decentralized blockchain will have to comply with censorship demands to filter certain transactions as one example. It's a wide road to permissioned blockchain. You can't serve two masters.

I won't even mention privacy features like CoinShuffling, these will have to be off-limits in your blockchain.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Cassius on February 19, 2016, 10:57:40 am
I sense this crypto will be more centralized and by extension more KYC/AML legal framework and censorship compliant than NXT because of its connections with banking institutions. NXT is a grey area to operate for companies because too decentralized. This is a relevant thread https://bitcointalk.org/index.php?topic=1336082.0
true that. I'm not much of a crypto anarchist. I'm a decentralization guy. It's different. Blockchains should become objective reality the banks have to deal with, BUT NOT CONTROL THEM. Fuck permissioned blockchains. Banks has to work with existing miners/stakers supported chains.

Permissioned blockchains terrify me.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 11:02:57 am
banks have to deal with, BUT NOT CONTROL THEM. Fuck permissioned blockchains. Banks has to work with existing miners/stakers supported chains.

How do you achieve that if you're not fully, to the point of obsession, decentralized? Existing miners/stakers in your semi-decentralized blockchain will have to comply with censorship demands to filter certain transactions as one example. It's a wide road to permissioned blockchain. You can't serve two masters.
Of course it is completely decentralized. Banks provide fiat services, issue fiat assets and do the market making, i.e buy and sell them for fiat. They don't control anything else but their fiat asset.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: lurker10 on February 19, 2016, 11:18:23 am
banks have to deal with, BUT NOT CONTROL THEM. Fuck permissioned blockchains. Banks has to work with existing miners/stakers supported chains.

How do you achieve that if you're not fully, to the point of obsession, decentralized? Existing miners/stakers in your semi-decentralized blockchain will have to comply with censorship demands to filter certain transactions as one example. It's a wide road to permissioned blockchain. You can't serve two masters.
Of course it is completely decentralized. Banks provide fiat services, issue fiat assets and do the market making, i.e buy and sell them for fiat. They don't control anything else but their fiat asset.

Do you really believe that in the future banks will be allowed to provide fiat services to blockchains with unlicensed miners/stakers who don't comply with all the censorship laws? They're already ramping up legislation efforts in that direction if you follow crypto related news.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 11:24:48 am
banks have to deal with, BUT NOT CONTROL THEM. Fuck permissioned blockchains. Banks has to work with existing miners/stakers supported chains.

How do you achieve that if you're not fully, to the point of obsession, decentralized? Existing miners/stakers in your semi-decentralized blockchain will have to comply with censorship demands to filter certain transactions as one example. It's a wide road to permissioned blockchain. You can't serve two masters.
Of course it is completely decentralized. Banks provide fiat services, issue fiat assets and do the market making, i.e buy and sell them for fiat. They don't control anything else but their fiat asset.

Do you really believe that in the future banks will be allowed to provide fiat services to blockchains with unlicensed miners/stakers who don't comply with all the censorship laws? They're already ramping up legislation efforts in that direction if you follow crypto related news.
There's a war we should fight you know.
My ideal world is when there's a decentralized cloud, decentralized DB not belonging to one party but to humanity as a whole.
So you just push and pull your data to/from the Cloud.
This cloud will be  OBJECTIVE. It will simply exist as a cloud in the sky does, no matter what you think about it.  Everyone will have to work with it. BTC blockchain now is objective. certain banks DO consider working with BTC blockchain directly.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: lurker10 on February 19, 2016, 11:31:33 am
certain banks DO consider working with BTC blockchain directly.

Because it is small and legislation lags behind. Some banks will probably break laws to work with permissionless censorship-resistant blockchains in the future, it's not uncommon for banks to break laws. Be sure the compliance laws are coming and plan for them.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 12:29:04 pm
certain banks DO consider working with BTC blockchain directly.

Because it is small and legislation lags behind. Some banks will probably break laws to work with permissionless censorship-resistant blockchains in the future, it's not uncommon for banks to break laws. Be sure the compliance laws are coming and plan for them.
Compliance laws relating to what? Decentralized databases? will they ban SQL too? :)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: lurker10 on February 19, 2016, 12:46:54 pm
Compliance laws relating to what? Decentralized databases? will they ban SQL too? :)

Data doesn't enter databases on its own, somebody has to move it there. All of these "somebody"s will need to get a license before banks are allowed to operate on a blockchain. No license for data movers - no bank touching the blockchain to process government money in and out.

The crypto will largely break in two categories: a) semi-decentralized blockchains interacting with government money with licensed delegated (DPoS) miners/stakers who comply with censorship and other laws; b) decentralized blockchains free from licensing with peer to peer exchanges of government money in the localbitcoins style, with no government money institutional gateways except those run by banks that break laws.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 01:28:48 pm
Compliance laws relating to what? Decentralized databases? will they ban SQL too? :)

Data doesn't enter databases on its own, somebody has to move it there. All of these "somebody"s will need to get a license before banks are allowed to operate on a blockchain. No license for data movers - no bank touching the blockchain to process government money in and out.

The crypto will largely break in two categories: a) semi-decentralized blockchains interacting with government money with licensed delegated (DPoS) miners/stakers who comply with censorship and other laws; b) decentralized blockchains free from licensing with peer to peer exchanges of government money in the localbitcoins style, with no government money institutional gateways except those run by banks that break laws.
laws will have to adjust man, they'll have to adjust. they always do.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: lurker10 on February 19, 2016, 03:27:30 pm
laws will have to adjust man, they'll have to adjust. they always do.

You make me laugh. You expect law makers to let crypto facilitate destruction of government money? Since when did the governments like competition? Capital controls are already escalating, wake up. They will want to have full control of crypto. The crypto they can't have full control over will be banned from interacting with banks.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Seccour on February 19, 2016, 03:48:54 pm
laws will have to adjust man, they'll have to adjust. they always do.

You make me laugh. You expect law makers to let crypto facilitate destruction of government money? Since when did the governments like competition? Capital controls are already escalating, wake up. They will want to have full control of crypto. The crypto they can't have full control over will be banned from interacting with banks.

You don't need bank with cryptocurrencies. That the point of them.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: EvilDave on February 19, 2016, 04:31:34 pm
But why don't you wait for Nxt 2.0 to launch your blockchain on Nxt? Does not that sound ironic?

Maybe he is not happy with the direction where NXT 2.0 is heading?
That's true, I won't deny that.

Just need to remind everyone that nothing about Nxt 2.0 is set yet. We're discussing a proposal, and we'll keep on discussing it until we arrive at a plan that keeps most people happy. Only then will stuff start to be implemented.
From my point of view.....you're rushing into a big decision on a very short time frame.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Seccour on February 19, 2016, 04:46:03 pm
But why don't you wait for Nxt 2.0 to launch your blockchain on Nxt? Does not that sound ironic?

Maybe he is not happy with the direction where NXT 2.0 is heading?
That's true, I won't deny that.

Just need to remind everyone that nothing about Nxt 2.0 is set yet. We're discussing a proposal, and we'll keep on discussing it until we arrive at a plan that keeps most people happy. Only then will stuff start to be implemented.
From my point of view.....you're rushing into a big decision on a very short time frame.

People just speak about how the fNXT distribution will happen. Other things seem to be set in stone.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Nxter on February 19, 2016, 04:58:49 pm

Why another supernet?

-Asset to asset trading
-Fiat integration
-Bitcoins and other alts integration
-chrome plugin....
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: EvilDave on February 19, 2016, 05:19:17 pm

People just speak about how the fNXT distribution will happen. Other things seem to be set in stone.

That's because fNXT distribution is one of the biggest sticking points in J-L's proposal.
Nothing is set in stone yet, JL hasn't even started coding.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: bahamapascal on February 19, 2016, 06:01:58 pm
Hey coinomat, befor you start to get to work I would advice to take a look at eMunie. It is in developent for about 3 years now and is set to be released in the next couple of month. As of now, it is the most advanced cryptocurrency and platform IMO.  It also has solved the problem of scaling, almost instant confirmation times, an DEX, a market place, ENS, a reputation system, messaging, chatting...well just take a look for your self.
This https://www.youtube.com/watch?v=Mue6y4iVHNE
and this https://www.youtube.com/watch?v=1S_zHtlIpeA
will show you a bit of the client.


I think its worth checking, before starting a new project, might save you lots of hard work and resources.


Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: EvilDave on February 19, 2016, 07:23:00 pm
Or, come to Amsterdam at the start of March, and have a face to face talk with Riker (and me and Damelon).

https://nxtforum.org/general-discussion/%28tnsse%29-nxt-meet-ups-and-presentations-in-amsterdam-2016-2017/
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:28:13 pm
laws will have to adjust man, they'll have to adjust. they always do.

You make me laugh. You expect law makers to let crypto facilitate destruction of government money? Since when did the governments like competition? Capital controls are already escalating, wake up. They will want to have full control of crypto. The crypto they can't have full control over will be banned from interacting with banks.
Blockchain is just a technology, don't forget about that. It it helps reduce costs banks will be happy to embrace it. You misunderstand current trends.
Blockchain has nothing to do with money by the way.
Blockchain technology is just a consensus algo which uses transaction logs for distributed system synchronization.  where's money here? :)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:29:07 pm
laws will have to adjust man, they'll have to adjust. they always do.

You make me laugh. You expect law makers to let crypto facilitate destruction of government money? Since when did the governments like competition? Capital controls are already escalating, wake up. They will want to have full control of crypto. The crypto they can't have full control over will be banned from interacting with banks.
Well you need to buy food and stuff you know :) can't buy bread for Bitcoin yet.

You don't need bank with cryptocurrencies. That the point of them.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:30:41 pm
But why don't you wait for Nxt 2.0 to launch your blockchain on Nxt? Does not that sound ironic?

Maybe he is not happy with the direction where NXT 2.0 is heading?
That's true, I won't deny that.

Just need to remind everyone that nothing about Nxt 2.0 is set yet. We're discussing a proposal, and we'll keep on discussing it until we arrive at a plan that keeps most people happy. Only then will stuff start to be implemented.
From my point of view.....you're rushing into a big decision on a very short time frame.

Nope sorry I don't think so. Even a possibility of this discussion says it all.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:31:49 pm

Why another supernet?

-Asset to asset trading
-Fiat integration
-Bitcoins and other alts integration
-chrome plugin....
I hope to partner up with supernet devs to make it all happen as fast as possible.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:33:07 pm
Hey coinomat, befor you start to get to work I would advice to take a look at eMunie. It is in developent for about 3 years now and is set to be released in the next couple of month. As of now, it is the most advanced cryptocurrency and platform IMO.  It also has solved the problem of scaling, almost instant confirmation times, an DEX, a market place, ENS, a reputation system, messaging, chatting...well just take a look for your self.
This https://www.youtube.com/watch?v=Mue6y4iVHNE
and this https://www.youtube.com/watch?v=1S_zHtlIpeA
will show you a bit of the client.


I think its worth checking, before starting a new project, might save you lots of hard work and resources.
Cool stuff. I must say I remember it was gonna launch like a year ago or so :) But I'll check it ouf of course, looks promising indeed.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 09:33:44 pm
Or, come to Amsterdam at the start of March, and have a face to face talk with Riker (and me and Damelon).

https://nxtforum.org/general-discussion/%28tnsse%29-nxt-meet-ups-and-presentations-in-amsterdam-2016-2017/
Cool! I'll try to do it.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: OutSL on February 19, 2016, 09:54:04 pm
Hi  :D
take a look on this , is in C++ and pay you for your appli usages !!! like nxt but is you how get the fees each time instead of the block forger...
http://maidsafe.net/safecoin.html
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 19, 2016, 10:00:08 pm
Hi  :D
take a look on this , is in C++ and pay you for your appli usages !!! like nxt but is you how get the fees each time instead of the block forger...
http://maidsafe.net/safecoin.html
Yes sure :) I know maidsafe.  But their focus is mostly distributed storage, right?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: OutSL on February 19, 2016, 10:09:45 pm
Hi  :D
take a look on this , is in C++ and pay you for your appli usages !!! like nxt but is you how get the fees each time instead of the block forger...
http://maidsafe.net/safecoin.html
Yes sure :) I know maidsafe.  But their focus is mostly distributed storage, right?
not only! them system is like NXT... have multiple parts when grouped that give a powerful thing... see here
https://github.com/maidsafe
with this you can build your own appli like this ones:
https://apps.safenetwork.org/
and be paid for every usage of your appli by the network... in your case an asset exchange  ;)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: LocoMB on February 19, 2016, 11:38:24 pm
Hi  :D
take a look on this , is in C++ and pay you for your appli usages !!! like nxt but is you how get the fees each time instead of the block forger...
http://maidsafe.net/safecoin.html
Yes sure :) I know maidsafe.  But their focus is mostly distributed storage, right?
not only! them system is like NXT... have multiple parts when grouped that give a powerful thing... see here
https://github.com/maidsafe
with this you can build your own appli like this ones:
https://apps.safenetwork.org/
and be paid for every usage of your appli by the network... in your case an asset exchange  ;)

here is a nice view from the SIAcoin side:

https://forum.sia.tech/topic/21/sia-vs-storj-vs-maidsafe
 (https://forum.sia.tech/topic/21/sia-vs-storj-vs-maidsafe)

consider this- as it seems, MAID is not really running yet, and MAIDsafe coin is a token that will be exchanged when SAFE is running, which it is not...
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: OutSL on February 19, 2016, 11:54:44 pm
MAID coin is like a stargate serie goa'ulds  ;D is stored in the bitcoin blockchain itself! very strange...
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: qq2536007339 on February 20, 2016, 03:18:22 am
Is this new chain based on a current coin source code or coding from the begining?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: danisapfirov on February 20, 2016, 07:30:35 am
Саша, еMunie is soon to be released and it will offer advanced technology that will scale. You can talk to eMunie core dev Dan Highes and you can find some common ground.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: lurker10 on February 20, 2016, 07:51:53 am
laws will have to adjust man, they'll have to adjust. they always do.

You make me laugh. You expect law makers to let crypto facilitate destruction of government money? Since when did the governments like competition? Capital controls are already escalating, wake up. They will want to have full control of crypto. The crypto they can't have full control over will be banned from interacting with banks.
Blockchain is just a technology, don't forget about that. It it helps reduce costs banks will be happy to embrace it. You misunderstand current trends.
Blockchain has nothing to do with money by the way.
Blockchain technology is just a consensus algo which uses transaction logs for distributed system synchronization.  where's money here? :)

Don't explain to me, explain it to the regulators :)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: farl4bit on February 20, 2016, 10:02:15 am
I don't feel like stepping into another cryptocurrency. Nxt created something great and keeps improving and has the guts to change (2.0) the core. I like that much better than another chain. I will not follow. Sad you leave Nxt. But wish you the best.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 20, 2016, 10:26:34 am
I don't feel like stepping into another cryptocurrency. Nxt created something great and keeps improving and has the guts to change (2.0) the core. I like that much better than another chain. I will not follow. Sad you leave Nxt. But wish you the best.
wanted to give a more detailed reply
but it all comes down to this - let a hundred flowers bloom.
Current NXT direction is abysmal in my opinion, but if you guys prosper I'll be happy too.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: superresistant on February 20, 2016, 10:45:20 am
Very interesting discussion.

ETH is very cool, but we need alternative approaches too. I can see that in a year after ETH launch no one managed to code an AE analogue.

It is true, there are no working asset exchange on ETH after a year (except one in beta). It blows my mind. This should be mandatory.

What about creating your tokens and apps on ETH using the scripting language ? It is supposed to grant flexibility and fast development.

We will revolutionize crowdfunding, and the way open source development is working. I'm already talking to several payment systems who will back up fiat assets. What we will be doing will be really close to real world economy, will be based on our NXT experience, will have a very clear focus on what people REALLY need, and will address their urgent demands.

I see what you mean.

Hey coinomat, befor you start to get to work I would advice to take a look at eMunie. It is in developent for about 3 years now and is set to be released in the next couple of month. As of now, it is the most advanced cryptocurrency and platform IMO.  It also has solved the problem of scaling, almost instant confirmation times, an DEX, a market place, ENS, a reputation system, messaging, chatting...well just take a look for your self.
This https://www.youtube.com/watch?v=Mue6y4iVHNE
and this https://www.youtube.com/watch?v=1S_zHtlIpeA
will show you a bit of the client.
I think its worth checking, before starting a new project, might save you lots of hard work and resources.
Cool stuff. I must say I remember it was gonna launch like a year ago or so :) But I'll check it ouf of course, looks promising indeed.

eMunie was announced about a year before Nxt and got delayed and canceled multiple times, for years.
The main dev got the funds stolen once. I lost my interest in it back then.

- At launch fiat and BTC assets are supported.  Fiat assets are backed by existing fiat payment systems/banks.
- Asset to asset swap/trading is supported on the core level, which allows to offer quasi stock exchange user experience, with trading against fiat currencies.
- User-friendly interface resembling online banking or online broker interfaces. Realized as a browser plugin.
Basically users have a full-scale crowdfunding/trading platform right at launch, with native fiat currencies support. User experience is close to usual financial website experience.

Perfect. That's exactly what most people need and when I say "most people", I'm talking about people outside of the cryptocurrency world.
Of course, we, user of cryptos do not care about FIAT and sometimes we don't even care about BTC but we cannot expect to grow any time soon.
People don't care about the tech or even the vision, they want to use something right here, right now. Without having to understand it. Without installing anything.

4. Reputation system is considered to be vital, and will be realized soon after the launch. It will be based on voting system which is an integral part of the core. Also account activity will be used to define the account karma (issued assets, transactions volume etc).

This remind me of eMunie.

5. Scalability is considered to be the main problem which will need to be tackled eventually, and some basic scalability improvements will have to be made on the core level right from the start. 

NXT 2.0 is on it...
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Bitinvestor on February 20, 2016, 11:01:06 am
I'm with you, coinomat. I've been annoyed with the direction NXT is taking for quite some time and I think you're doing the right thing!
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 20, 2016, 11:14:54 am

Very interesting discussion.

ETH is very cool, but we need alternative approaches too. I can see that in a year after ETH launch no one managed to code an AE analogue.

It is true, there are no working asset exchange on ETH after a year (except one in beta). It blows my mind. This should be mandatory.

What about creating your tokens and apps on ETH using the scripting language ? It is supposed to grant flexibility and fast development.

We will revolutionize crowdfunding, and the way open source development is working. I'm already talking to several payment systems who will back up fiat assets. What we will be doing will be really close to real world economy, will be based on our NXT experience, will have a very clear focus on what people REALLY need, and will address their urgent demands.

I see what you mean.

Hey coinomat, befor you start to get to work I would advice to take a look at eMunie. It is in developent for about 3 years now and is set to be released in the next couple of month. As of now, it is the most advanced cryptocurrency and platform IMO.  It also has solved the problem of scaling, almost instant confirmation times, an DEX, a market place, ENS, a reputation system, messaging, chatting...well just take a look for your self.
This https://www.youtube.com/watch?v=Mue6y4iVHNE
and this https://www.youtube.com/watch?v=1S_zHtlIpeA
will show you a bit of the client.
I think its worth checking, before starting a new project, might save you lots of hard work and resources.
Cool stuff. I must say I remember it was gonna launch like a year ago or so :) But I'll check it ouf of course, looks promising indeed.

eMunie was announced about a year before Nxt and got delayed and canceled multiple times, for years.
The main dev got the funds stolen once. I lost my interest in it back then.
Don't get me wrong, ETH is cool, that's just Bitcoin taken to the extreme, all ideas like scripting are realized to their fullest.
But is still has problems, it will NOT be the only chain. Turing completeness the way it is realized in ETH can not only widen the scope of scripting language usage but also narrow it, since it has to run on all chain nodes. and you can't do anything on eth without contracts actually, you have to code AE using contracts. is it the right approach? who knows. You can only speculate. time will tell. But meanwhile we have to pursue other directions too.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: bahamapascal on February 20, 2016, 01:25:17 pm

Hey coinomat, befor you start to get to work I would advice to take a look at eMunie. It is in developent for about 3 years now and is set to be released in the next couple of month. As of now, it is the most advanced cryptocurrency and platform IMO.  It also has solved the problem of scaling, almost instant confirmation times, an DEX, a market place, ENS, a reputation system, messaging, chatting...well just take a look for your self.
This https://www.youtube.com/watch?v=Mue6y4iVHNE (https://www.youtube.com/watch?v=Mue6y4iVHNE)
and this https://www.youtube.com/watch?v=1S_zHtlIpeA (https://www.youtube.com/watch?v=1S_zHtlIpeA)
will show you a bit of the client.
I think its worth checking, before starting a new project, might save you lots of hard work and resources.
Cool stuff. I must say I remember it was gonna launch like a year ago or so :) But I'll check it ouf of course, looks promising indeed.

eMunie was announced about a year before Nxt and got delayed and canceled multiple times, for years.
The main dev got the funds stolen once. I lost my interest in it back then.




Yes, that is true it was announced before Nxt and is in closed Beta since then. In those two and a halve years it was constantly improved (in closed beta).
It is also true that release was delayed several times, and unfortunately it is not guaranteed that it will not happen again this time.
Yes the Funds got stolen, which is very sad, though I must add that  Dan (the developer) payed every one back out of his own pocket.

If you lost your interest, well that's fine and up to you. Though I am quite sure your interest will come back once its going live :)



Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 20, 2016, 09:28:10 pm

Hey coinomat, befor you start to get to work I would advice to take a look at eMunie. It is in developent for about 3 years now and is set to be released in the next couple of month. As of now, it is the most advanced cryptocurrency and platform IMO.  It also has solved the problem of scaling, almost instant confirmation times, an DEX, a market place, ENS, a reputation system, messaging, chatting...well just take a look for your self.
This https://www.youtube.com/watch?v=Mue6y4iVHNE (https://www.youtube.com/watch?v=Mue6y4iVHNE)
and this https://www.youtube.com/watch?v=1S_zHtlIpeA (https://www.youtube.com/watch?v=1S_zHtlIpeA)
will show you a bit of the client.
I think its worth checking, before starting a new project, might save you lots of hard work and resources.
Cool stuff. I must say I remember it was gonna launch like a year ago or so :) But I'll check it ouf of course, looks promising indeed.

eMunie was announced about a year before Nxt and got delayed and canceled multiple times, for years.
The main dev got the funds stolen once. I lost my interest in it back then.




Yes, that is true it was announced before Nxt and is in closed Beta since then. In those two and a halve years it was constantly improved (in closed beta).
It is also true that release was delayed several times, and unfortunately it is not guaranteed that it will not happen again this time.
Yes the Funds got stolen, which is very sad, though I must add that  Dan (the developer) payed every one back out of his own pocket.

If you lost your interest, well that's fine and up to you. Though I am quite sure your interest will come back once its going live :)
I must say from experience that such stories rarely end well :) but let's hope it won't be like that this time.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: bahamapascal on February 21, 2016, 02:46:30 am

Hey coinomat, befor you start to get to work I would advice to take a look at eMunie. It is in developent for about 3 years now and is set to be released in the next couple of month. As of now, it is the most advanced cryptocurrency and platform IMO.  It also has solved the problem of scaling, almost instant confirmation times, an DEX, a market place, ENS, a reputation system, messaging, chatting...well just take a look for your self.
This https://www.youtube.com/watch?v=Mue6y4iVHNE (https://www.youtube.com/watch?v=Mue6y4iVHNE)
and this https://www.youtube.com/watch?v=1S_zHtlIpeA (https://www.youtube.com/watch?v=1S_zHtlIpeA)
will show you a bit of the client.
I think its worth checking, before starting a new project, might save you lots of hard work and resources.
Cool stuff. I must say I remember it was gonna launch like a year ago or so :) But I'll check it ouf of course, looks promising indeed.

eMunie was announced about a year before Nxt and got delayed and canceled multiple times, for years.
The main dev got the funds stolen once. I lost my interest in it back then.




Yes, that is true it was announced before Nxt and is in closed Beta since then. In those two and a halve years it was constantly improved (in closed beta).
It is also true that release was delayed several times, and unfortunately it is not guaranteed that it will not happen again this time.
Yes the Funds got stolen, which is very sad, though I must add that  Dan (the developer) payed every one back out of his own pocket.

If you lost your interest, well that's fine and up to you. Though I am quite sure your interest will come back once its going live :)
I must say from experience that such stories rarely end well :) but let's hope it won't be like that this time.


In regards to the constant delays, or what do you mean?
In this case I agree completely, the delays where not great, to say the least.
But in the end I think that shouldn't matter, I mean it isn't as if any one was hurt due to the delays...except for being disappointed :D

Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Tobo on February 21, 2016, 03:59:24 am
@coinomat - who are on your team so far if you don't mind?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 21, 2016, 12:08:40 pm
@coinomat - who are on your team so far if you don't mind?
kushti and james, if you mean coders from NXT ecosystem.
some other people will join in too I think.
also there will be some other guys of course, in the office.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 21, 2016, 12:11:20 pm

Hey coinomat, befor you start to get to work I would advice to take a look at eMunie. It is in developent for about 3 years now and is set to be released in the next couple of month. As of now, it is the most advanced cryptocurrency and platform IMO.  It also has solved the problem of scaling, almost instant confirmation times, an DEX, a market place, ENS, a reputation system, messaging, chatting...well just take a look for your self.
This https://www.youtube.com/watch?v=Mue6y4iVHNE (https://www.youtube.com/watch?v=Mue6y4iVHNE)
and this https://www.youtube.com/watch?v=1S_zHtlIpeA (https://www.youtube.com/watch?v=1S_zHtlIpeA)
will show you a bit of the client.
I think its worth checking, before starting a new project, might save you lots of hard work and resources.
Cool stuff. I must say I remember it was gonna launch like a year ago or so :) But I'll check it ouf of course, looks promising indeed.

eMunie was announced about a year before Nxt and got delayed and canceled multiple times, for years.
The main dev got the funds stolen once. I lost my interest in it back then.




Yes, that is true it was announced before Nxt and is in closed Beta since then. In those two and a halve years it was constantly improved (in closed beta).
It is also true that release was delayed several times, and unfortunately it is not guaranteed that it will not happen again this time.
Yes the Funds got stolen, which is very sad, though I must add that  Dan (the developer) payed every one back out of his own pocket.

If you lost your interest, well that's fine and up to you. Though I am quite sure your interest will come back once its going live :)
I must say from experience that such stories rarely end well :) but let's hope it won't be like that this time.


In regards to the constant delays, or what do you mean?
In this case I agree completely, the delays where not great, to say the least.
But in the end I think that shouldn't matter, I mean it isn't as if any one was hurt due to the delays...except for being disappointed :D
yes, usually it all just fizzles out.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 22, 2016, 11:02:11 am
Names I have for now:
I like PARTON or GLUON (I have a theoretical physics backround :) ) Parton is a basic particle out of which all other particles are build, gluon is
a gravity quant, and it's cool because a week ago humanity discovered gravitational waves
Also WAVES seem to be nice, due to this :)
PREON is also nice, it's mysterious meta particle
Forklog suggests RISE, which is pretty cool too, it
 can be XRS at exchanges.
Tell me what you guys think
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Cassius on February 22, 2016, 11:07:20 am
Names I have for now:
I like PARTON or GLUON (I have a theoretical physics backround :) ) Parton is a basic particle out of which all other particles are build, gluon is
a gravity quant, and it's cool because a week ago humanity discovered gravitational waves
Also WAVES seem to be nice, due to this :)
Forklog suggests RISE, which is pretty cool too, it can be XRS at exchanges.
Tell me what you guys think

I was wondering when the names discussion would start :)
Quark is taken, right?
'Lepton' is pretty good, and it is also the name of a coin in ancient Greece - the smallest unit. (Actually it looks like the sub-unit of modern Greek coins too.)
Edit: the lepton's symbol is lambda, which also has lots of connotations in different branches of science
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: wolffang on February 22, 2016, 12:10:44 pm
Lambda reminds me of Revenge of the nerds ;)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: remix on February 22, 2016, 01:02:26 pm
Names I have for now:
I like PARTON or GLUON (I have a theoretical physics backround :) ) Parton is a basic particle out of which all other particles are build, gluon is
a gravity quant, and it's cool because a week ago humanity discovered gravitational waves
Also WAVES seem to be nice, due to this :)
Forklog suggests RISE, which is pretty cool too, it can be XRS at exchanges.
Tell me what you guys think

WAVE is the best from these choices.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: sadface on February 22, 2016, 01:14:23 pm
codewise, are you going to work with kushtis scorex as a point of origin?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 22, 2016, 02:29:41 pm
codewise, are you going to work with kushtis scorex as a point of origin?
No, unfortunately.
A user would have to install Java and some other soft on top before installing the client, since it's coded in Scala.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 23, 2016, 10:11:35 am
Gathering the dev team now
major ann will be next weea
still thinking about the name.
This is going to be the ultimate decentralized tokens/asset platform, so I consider this angle too in the name

What about AVAIL?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Cassius on February 23, 2016, 10:45:59 am
TALON? (I think that's Russian for token, and it's quite cool too)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 24, 2016, 08:29:38 am
TALON? (I think that's Russian for token, and it's quite cool too)
TALON is cool yeah :) it's closer to "ticket" though
Can't come up with a really cool name yet,  would appreciate ideas :)
Usually I'm quite quick with names but not this time
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Cassius on February 24, 2016, 10:10:46 am
Coinoform? Portmanteau of Coinomat and Platform, but it also means 'coin-shaped'.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 25, 2016, 09:19:38 am
good one :) but tired a bit of Coino stuff :)
At the moment I like PREON or WAVES the best
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: blackyblack1 on February 26, 2016, 07:48:11 pm
good one :) but tired a bit of Coino stuff :)
At the moment I like PREON or WAVES the best
Try to avoid particle names. There are tons of shitcoins on the coinmarketcap with similar names.

I think about Octane, Octanet or Octanetwork.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Cassius on February 26, 2016, 08:01:12 pm
good one :) but tired a bit of Coino stuff :)
At the moment I like PREON or WAVES the best
Try to avoid particle names. There are tons of shitcoins on the coinmarketcap with similar names.

I think about Octane, Octanet or Octanetwork.

Why the fixation with the number 8? Why not Decane, Hexanet or Triskaidekanetwork?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 26, 2016, 08:42:59 pm
good one :) but tired a bit of Coino stuff :)
At the moment I like PREON or WAVES the best
Try to avoid particle names. There are tons of shitcoins on the coinmarketcap with similar names.

I think about Octane, Octanet or Octanetwork.
That's true yes :)
physics background  :)

Do you like Waves?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 27, 2016, 10:54:30 pm
Native english speakers please,
what do you think about DEXTRAL?
Short would be DEX which is cool.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: theB on February 29, 2016, 06:53:05 am
Dextral sounds like a prescription drug name to my American ears.

I kinda liked Gluon. Could be shortened to GLU (pronounced like glue)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: TheWireMaster on February 29, 2016, 08:41:31 am

Dextral sounds like a prescription drug name to my American ears.

Ahah, yes that true! :)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 29, 2016, 08:55:03 am
Dextral sounds like a prescription drug name to my American ears.

I kinda liked Gluon. Could be shortened to GLU (pronounced like glue)
LOL yes
I fuck up with English names sometimes, thank you. You have to be a native speaker.
I like gluon a lot, but people discourage me from using particle names
I'm gonna have the pre-ann this week, so I'll decide on the name asap.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Cassius on February 29, 2016, 09:24:10 am
Yes, Dextral sounds a bit medical :)
But something with DEX in could be good.
ENDEX?
DEXX?
But it might be good to go with something different entirely. I was thinking about the Mycelium app, and how they took an idea from the natural world that fits well here. HYPHAE? (Greek for 'web' and means the filaments in a mycelium)

Or HYDRA. How's that for decentralised authority and built-in resilience :) https://en.wikipedia.org/wiki/Lernaean_Hydra
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: JanSako on February 29, 2016, 12:38:36 pm
Yes, Dextral sounds a bit medical :)
But something with DEX in could be good.
ENDEX?
DEXX?
But it might be good to go with something different entirely. I was thinking about the Mycelium app, and how they took an idea from the natural world that fits well here. HYPHAE? (Greek for 'web' and means the filaments in a mycelium)

Or HYDRA. How's that for decentralised authority and built-in resilience :) https://en.wikipedia.org/wiki/Lernaean_Hydra

Hydra (would) sound great, except it sounds sinister as well, with all them snakes and such... unfortunately stereotypes impact perception big time... :-(
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 29, 2016, 04:54:53 pm
guys it's gonna be WAVES!
I've made up my mind.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Sebastien256 on February 29, 2016, 05:06:10 pm
But mastercard already own that trademark, that will be confusing :)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 29, 2016, 09:32:59 pm
But mastercard already own that trademark, that will be confusing :)
You can't own waves :)
Paywave you mean? it's visa
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: gaba on February 29, 2016, 10:40:27 pm
DEXTER
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on February 29, 2016, 10:59:19 pm
DEXTER
That came to me too :)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: gaba on February 29, 2016, 11:10:41 pm
DEXTER
That came to me too :)

Don't wait :)

https://en.wiktionary.org/wiki/dexter

right (relative direction)
skillful
fortunate, favorable
proper, fitting
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on March 01, 2016, 07:22:35 am
DEXTER
That came to me too :)

Don't wait :)

https://en.wiktionary.org/wiki/dexter

right (relative direction)
skillful
fortunate, favorable
proper, fitting
Have you watched Dexter (tv series) ? :)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: gaba on March 01, 2016, 08:04:57 am
Have you watched Dexter (tv series) ? :)

No. Did I missed something?

You are still thinking :) There are no better name than this. It will work everywhere.

From Latin dexter, from Proto-Indo-European *deḱs(i)-tero-, from Proto-Indo-European *deḱs- ‎(“right”) (Pokorny, Watkins, 1969; et al.). Compare Homeric Greek δεξιτερός ‎(dexiterós, “right hand”), δεξιός ‎(dexiós, “right”), Old Church Slavonic дєснъ ‎(desnŭ, “right”).
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on March 01, 2016, 08:12:21 am
Have you watched Dexter (tv series) ? :)

No. Did I missed something?

You are still thinking :) There are no better name than this. It will work everywhere.

From Latin dexter, from Proto-Indo-European *deḱs(i)-tero-, from Proto-Indo-European *deḱs- ‎(“right”) (Pokorny, Watkins, 1969; et al.). Compare Homeric Greek δεξιτερός ‎(dexiterós, “right hand”), δεξιός ‎(dexiós, “right”), Old Church Slavonic дєснъ ‎(desnŭ, “right”).
You did not miss much :) But it's a popular tv series about a serial killer :)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Krypt on March 01, 2016, 08:27:23 am
InDEX
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: jeezy on March 03, 2016, 10:41:45 am
Just to clear things up. ALL current "Coinomart"-Brand NXT assets will switch over to the new chain once it goes live, correct? Namely "Coinomat", "Coinomat1", "CoinoUSD", "NEXT", etc.

How is the asset value going to be evaluated for the switch? NXT/BTC?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Sebastien256 on March 03, 2016, 10:52:59 am
Just to clear things up. ALL current "Coinomart"-Brand NXT assets will switch over to the new chain once it goes live, correct? Namely "Coinomat", "Coinomat1", "CoinoUSD", "NEXT", etc.

How is the asset value going to be evaluated for the switch? NXT/BTC?

I think the asset does not need to be value, the asset is only a token that grant profit and dividend of the underlying asset. Market will decide what will be the order books for the asset on the new chain. So, it is pretty straight forward to make a switch, if this has to be done. You send back the NXT asset to coinomat, and he send you the new asset on the new blockchain.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinking on March 03, 2016, 02:37:20 pm
what is the name of this new currency?
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on March 04, 2016, 08:58:48 am
Just to clear things up. ALL current "Coinomart"-Brand NXT assets will switch over to the new chain once it goes live, correct? Namely "Coinomat", "Coinomat1", "CoinoUSD", "NEXT", etc.

How is the asset value going to be evaluated for the switch? NXT/BTC?
Yes, all the assets will be transferred to the new chain.
The main market for them will be BTC market.
Currently I do not plan to have  network token/asset markets at all, there'll be token/crypto and token/fiat markets only.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on March 04, 2016, 08:59:21 am
what is the name of this new currency?
It's going to be WAVES.
Will ann today.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on March 05, 2016, 09:54:14 am
BT ANN
https://bitcointalk.org/index.php?topic=1387944
Let's bring it on!
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Paws1t1veEV on March 08, 2016, 10:02:06 pm
Ah, so this is why all of Coinomats current assets recently crashed.

Unfortunately, I was buying the dump... but I dont' have a lot of confidence that the value will transfer to the new chain. How will current investors be compensated during the change? It seems the market does not have a lot of confidence that this will occur equitably. Is there any chance you will buy out any of your existing projects?

I may follow as a user, but I think my money is better invested elsewhere.

I wish you the best of luck.

-Paws1t1veEV
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: taggartd on March 08, 2016, 10:24:54 pm
Ah, so this is why all of Coinomats current assets recently crashed.

Unfortunately, I was buying the dump... but I dont' have a lot of confidence that the value will transfer to the new chain. How will current investors be compensated during the change? It seems the market does not have a lot of confidence that this will occur equitably. Is there any chance you will buy out any of your existing projects?

I may follow as a user, but I think my money is better invested elsewhere.

I wish you the best of luck.

-Paws1t1veEV
I don't understand the problem: if 1 share, that now is here in NXT AE and is valued in nxt, go to a new chain that will be in, for example, btc always 1 share it is!! and will have a price in btc. What price? the market will tell. But always one share you have... Probably the value in the new chain will reflect the dividends, as would be just now (also if now it isn't...). This kind of assets have a value generally linked to the dividends; so nothing on the long term would change. I suppose  ;D
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Paws1t1veEV on March 08, 2016, 10:56:57 pm
Ah, so this is why all of Coinomats current assets recently crashed.

Unfortunately, I was buying the dump... but I dont' have a lot of confidence that the value will transfer to the new chain. How will current investors be compensated during the change? It seems the market does not have a lot of confidence that this will occur equitably. Is there any chance you will buy out any of your existing projects?

I may follow as a user, but I think my money is better invested elsewhere.

I wish you the best of luck.

-Paws1t1veEV
I don't understand the problem: if 1 share, that now is here in NXT AE and is valued in nxt, go to a new chain that will be in, for example, btc always 1 share it is!! and will have a price in btc. What price? the market will tell. But always one share you have... Probably the value in the new chain will reflect the dividends, as would be just now (also if now it isn't...). This kind of assets have a value generally linked to the dividends; so nothing on the long term would change. I suppose  ;D

The users and investors must follow. Liquidity was already low and now moving to an even lower liquidity chain. The new chain must prove that it's at least as trustworthy as nxt before investors will trust it.

I guess I'm just hitting my risk tolerence. Coinomat is a Rockstar and has earned my trust thus far, but
there is too much uncertainty associated with this change in an already risky environment.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: jeff jefferson on March 09, 2016, 06:22:38 am
i don't think liquidity is a problem as the platform will use btc and fiat also. these currencies are def more liquid than nxt  ::)
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Bitinvestor on March 09, 2016, 08:51:15 am
i don't think liquidity is a problem as the platform will use btc and fiat also. these currencies are def more liquid than nxt  ::)

I agree with that. NXT is dead in the water right now and it remains to be seen if it can be revived (I doubt it). The move towards BTC and fiat is definitely the right thing to do.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: coinomat on March 09, 2016, 09:53:10 am
My philosophy here is quite simple - we don't have to invent new MONEY, BTC and Fiat is money,  let's use them. I think some better money will be there too, BTC is just a harbinger. But we're not building money, we're building ecosystem which uses money.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Marc De Mesel on March 12, 2016, 12:42:17 pm
My philosophy here is quite simple - we don't have to invent new MONEY, BTC and Fiat is money,  let's use them. I think some better money will be there too, BTC is just a harbinger. But we're not building money, we're building ecosystem which uses money.


The NXT generation of CryptoCurrency.

Yes, we are building a currency, and we do it by offering a decentralised asset - exchange - which you cannot build on top of bitcoin. Counterparty as well as Omni end up trading their assets on poloniex.


Nxt asset exchange has NO counterparty risk. You own the NXT fully, and you own the assets fully, without depending on anyone to hold them for you.


Sure, you can start a new POS coin with a decentralised exchange/assets, but will the currency used, btc, also be without counterparty risk?

Is that possible?

Or will somebody hold the btc for you like superBTC and expose you to counterparty risk?


Really sad to see you go coinomat :(


Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Marc De Mesel on March 12, 2016, 12:56:12 pm
i don't think liquidity is a problem as the platform will use btc and fiat also. these currencies are def more liquid than nxt  ::)

I agree with that. NXT is dead in the water right now and it remains to be seen if it can be revived (I doubt it). The move towards BTC and fiat is definitely the right thing to do.

BTC has serious problems. The cost per transaction is going up at rapid speed. I'm paying $0.20 per transaction lately!

You could do it offchain with a new exchange and avoid transaction costs but then you have counterparty risk.


Fiat, well, prepare to fill in many forms if you want to launch an asset!!! You may also need a huge pile of money to get it done.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Bitinvestor on March 12, 2016, 02:11:49 pm
BTC has serious problems.

Agreed. I despise Bitcoin as much as anybody but it's currently virtually impossible to avoid using it if you're into crypto.

The cost per transaction is going up at rapid speed. I'm paying $0.20 per transaction lately!

OMG, you might have to sell your Lambo if it goes on like this!   :D

You could do it offchain with a new exchange and avoid transaction costs but then you have counterparty risk.

Fiat, well, prepare to fill in many forms if you want to launch an asset!!! You may also need a huge pile of money to get it done.

Trading volumes have dried up on the AE. An exchange is useless if it doesn't have any volume, decentralised or not.
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: Marc De Mesel on March 12, 2016, 03:16:41 pm

The cost per transaction is going up at rapid speed. I'm paying $0.20 per transaction lately!

OMG, you might have to sell your Lambo if it goes on like this!   :D

I think if things go on like this with Bitcoin I'll BUY me another NXT lambo pretty soon.  ;)



You could do it offchain with a new exchange and avoid transaction costs but then you have counterparty risk.

Fiat, well, prepare to fill in many forms if you want to launch an asset!!! You may also need a huge pile of money to get it done.

Trading volumes have dried up on the AE. An exchange is useless if it doesn't have any volume, decentralised or not.


I don't see you refuting my arguments about counterparty risk being tons the moment you want btc as the currency.

Instead you come with another argument why nxt asset exchange is no good.

Trading volume being low sucks but is part of a bear market, no?


The assets have been in a big boom, and now they go through a big bust.

You can blame it on the exchange, but I see new assets continue to pop up and be traded.

Here an overview of the past 7 days how much trading volume each asset had:

http://jnxt.org/jayex/?12071612744977229797
Title: Re: [PRE-ANN] Time to go further. New Chain is coming.
Post by: mr001 on March 21, 2016, 07:59:32 pm
I sense this crypto will be more centralized and by extension more KYC/AML legal framework and censorship compliant than NXT because of its connections with banking institutions. NXT is a grey area to operate for companies because too decentralized. This is a relevant thread https://bitcointalk.org/index.php?topic=1336082.0
true that. I'm not much of a crypto anarchist. I'm a decentralization guy. It's different. Blockchains should become objective reality the banks have to deal with, BUT NOT CONTROL THEM. Fuck permissioned blockchains. Banks has to work with existing miners/stakers supported chains.
Do you have already contacts with the banks? Are they interested in such projects?
elective-stereophonic
elective-stereophonic
assembly
assembly