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Berzerk

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Re: Price speculation
« Reply #25560 on: November 10, 2015, 09:31:47 am »


Cunicula was asked to create a Nxt Whitepaper.

He is still writing it, and the bounty is still there https://nxtportal.org/accounts/12898636000396314855


You think he is still writing it after 2 years? :D
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CryptKeeper

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Re: Price speculation
« Reply #25561 on: November 10, 2015, 10:58:15 am »

Back to topic:

NXT price is up again! I'm seeing trades around 1800 sat and we are back on the 10th place on cmc.

Lucky me was able to grab a couple of NXT for 1700 sat!  ;D
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verymuchso

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Re: Price speculation
« Reply #25562 on: November 10, 2015, 11:20:37 am »

Thanks for the answer Jean-Luc, I agree that is not a priority (and SuperNET will provide soon Asset/MScoin<->Asset/MScoin exchange with InstantDEX). And when we have the budget we can provide a CORE solution for this.

BUT, I have an other question : is it difficult or possible to allow using MScoins or/and Asset in the Nxt Market Place? I see it as a great feature. So, the Nautilus Coin or other project can use Nxt for decentralised payment system.

@Ludom,

I recently was asked to add something similar to fimk (which is a clone of nxt 1.5.10).
They where in need of asset to asset trading and paying with assets in the marketplace.
We solved this with a new feature we call colored accounts.
It works by turning a normal new (no transactions) fimk account into a colored account which can then only send fimk (or better call them tokens) to same colored accounts or the account color creator (who can put tokens in and transfer back to fimk). Same goes for colored assets, colored marketplace items etc..

We are currently testing this feature and it will be in the upcoming fork.
Not at all sure what the nxt devs think of it but it's compatible with nxt so it could be applied.
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sadface

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Re: Price speculation
« Reply #25563 on: November 10, 2015, 01:45:03 pm »

@verymuchso

are you getting paid from fimk guys or is it your pet project?
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verymuchso

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Re: Price speculation
« Reply #25564 on: November 10, 2015, 01:46:52 pm »

@verymuchso
are you getting paid from fimk guys or is it your pet project?

paid.
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sepehr

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Re: Price speculation
« Reply #25565 on: November 10, 2015, 04:26:52 pm »

It seems that withdraw from chinese exchange Huobi is prohibited!
People are nervous and the price of huobi is fall below bitstamp while it was $50 above bitstamp several days before! :o
Still don't know what's the exact news!
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marechou

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Re: Price speculation
« Reply #25566 on: November 10, 2015, 04:54:30 pm »

I hope coinex funds are not there right now?
anyway it is still possible to convert to bitcoin and withdraw?

That reminds me MtGox...

PS: I sent u a PM Sepehr
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TwinWinNerD

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Re: Price speculation
« Reply #25567 on: November 10, 2015, 04:57:34 pm »

[–]perlboy 7 points 6 hours ago
Something bad happened. Confirmed reports someone bought at 1.5CNY, sold at 19CNY, bought BTC and withdrew then had their account locked.
OkCoin lost the entire orderbook for LTC, some 200Mil of LTC traded in <30minute bar. Liquidation occurred to 0.01CNY and now OkCoin is trying to reverse trades. They are in the process of altering their history right now with the charts miraculously reversed to 19CNY.
Something bad happen, that's for sure, I wonder if BTC is next.

https://bitcoinwisdom.com/markets/okcoin/ltccny

this is really bad

sepehr

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Re: Price speculation
« Reply #25568 on: November 10, 2015, 05:10:30 pm »

I hope coinex funds are not there right now?
anyway it is still possible to convert to bitcoin and withdraw?

That reminds me MtGox...

PS: I sent u a PM Sepehr
Most of our funds not there!
We have just about 10 BTC there now. :(
No BTC and No CNY Withdrawal possible now! ???
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Jacinto

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Re: Price speculation
« Reply #25569 on: November 10, 2015, 05:53:29 pm »

I hope coinex funds are not there right now?
anyway it is still possible to convert to bitcoin and withdraw?

That reminds me MtGox...

PS: I sent u a PM Sepehr
Most of our funds not there!
We have just about 10 BTC there now. :(
No BTC and No CNY Withdrawal possible now! ???

Who are "we" in your message? Community funds?
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BCNext son.

sepehr

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Re: Price speculation
« Reply #25570 on: November 10, 2015, 06:01:00 pm »

I hope coinex funds are not there right now?
anyway it is still possible to convert to bitcoin and withdraw?

That reminds me MtGox...

PS: I sent u a PM Sepehr
Most of our funds not there!
We have just about 10 BTC there now. :(
No BTC and No CNY Withdrawal possible now! ???

Who are "we" in your message? Community funds?
Any member of community invested in Coinex.
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sadface

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Re: Price speculation
« Reply #25571 on: November 10, 2015, 06:25:02 pm »

@verymuchso
are you getting paid from fimk guys or is it your pet project?

paid.

its been a while, but i liked your mofowallet a lot. is it called lompsa now? anyway keep up the good work and maybe start a nxt pet project :)
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Ludom

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Re: Price speculation
« Reply #25572 on: November 10, 2015, 08:40:44 pm »

Thanks for the answer Jean-Luc, I agree that is not a priority (and SuperNET will provide soon Asset/MScoin<->Asset/MScoin exchange with InstantDEX). And when we have the budget we can provide a CORE solution for this.

BUT, I have an other question : is it difficult or possible to allow using MScoins or/and Asset in the Nxt Market Place? I see it as a great feature. So, the Nautilus Coin or other project can use Nxt for decentralised payment system.

@Ludom,

I recently was asked to add something similar to fimk (which is a clone of nxt 1.5.10).
They where in need of asset to asset trading and paying with assets in the marketplace.
We solved this with a new feature we call colored accounts.
It works by turning a normal new (no transactions) fimk account into a colored account which can then only send fimk (or better call them tokens) to same colored accounts or the account color creator (who can put tokens in and transfer back to fimk). Same goes for colored assets, colored marketplace items etc..

We are currently testing this feature and it will be in the upcoming fork.
Not at all sure what the nxt devs think of it but it's compatible with nxt so it could be applied.

Very interesting, thanks. I don't understand all this colored things (what is a colored account and how it work). Could you give me examples?
I don't follow fimk assiduously but I like the project. It's a good thing that Nxt as a good clone. We need to work more together.
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verymuchso

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Re: Price speculation
« Reply #25573 on: November 10, 2015, 09:21:37 pm »

Thanks for the answer Jean-Luc, I agree that is not a priority (and SuperNET will provide soon Asset/MScoin<->Asset/MScoin exchange with InstantDEX). And when we have the budget we can provide a CORE solution for this.

BUT, I have an other question : is it difficult or possible to allow using MScoins or/and Asset in the Nxt Market Place? I see it as a great feature. So, the Nautilus Coin or other project can use Nxt for decentralised payment system.

@Ludom,

I recently was asked to add something similar to fimk (which is a clone of nxt 1.5.10).
They where in need of asset to asset trading and paying with assets in the marketplace.
We solved this with a new feature we call colored accounts.
It works by turning a normal new (no transactions) fimk account into a colored account which can then only send fimk (or better call them tokens) to same colored accounts or the account color creator (who can put tokens in and transfer back to fimk). Same goes for colored assets, colored marketplace items etc..

We are currently testing this feature and it will be in the upcoming fork.
Not at all sure what the nxt devs think of it but it's compatible with nxt so it could be applied.

Very interesting, thanks. I don't understand all this colored things (what is a colored account and how it work). Could you give me examples?
I don't follow fimk assiduously but I like the project. It's a good thing that Nxt as a good clone. We need to work more together.

Lets say you want to offer EUR to BTC (or gold or stocks or whatever) trading on a custom platform, now you could go out and built that yourself (which comes with not only a lot of risks but also costs).
For this purpose there are colored accounts.
Basic usage would be:
  • make a new account color which you call EUR
  • assign a new account as being a EUR account
  • send fimk to that original EUR account and it will become EUR, meaning you can only send it to other EUR accounts (or to the original EUR color creator)
  • use the EUR account to create an asset (most likely a private asset)
  • that asset can only be traded among other EUR accounts
  • turn to the EUR color creator to buy EUR tokens
  • turn to the asset creator to buy assets
  • turn to the EUR color creator to sell back your EUR tokens
  • turn to the asset creator to sell back your assets
  • sending EUR to a new account will make that a EUR account
  • sending asset to a new account will make that a EUR account
  • sending message to a new account will make that a EUR account
There is the fee issue (each transaction still costs 0.1 FIMK) so for EUR this will be 0.1 EUR fee (or 1 million if you use NQT to price your EUR).
For this we'll use a FeeAccount, which means you can assign that your (normal) account pays the fees for your colored another account.

Same principle applies to marketplace goods.
Of course pure asset to asset would have been better but as Jean-Luc says that requires a lot more changes. This is sufficient for now.
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Cassius

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Re: Price speculation
« Reply #25574 on: November 11, 2015, 12:10:10 am »

Folks - just had a long chat with James on Slack. Given the mud that's been slung around here the past few days, he doesn't want to make a personal appearance right now but wanted to clear up a few things:

Backwards compatibility is obviously a huge issue for maintaining working software. There's a lot of understandable upset around that whole situation still, but the bottom line is that without it, some functionality will end up moving to BTCD. James will be working on that now. Bc on Nxt may or may not be a resolvable issue - that's very uncertain at the moment. That is a dialogue that needs to continue within the community.

As has always been the case, Nxt will remain the financial platform for SuperNET, so all the jl777 assets will continue to be hosted on Nxt.

The sell walls have been pulled, except for one at 7500 NXT/BTC. [If that works out we're all doing ok.] James wanted to convey that he was very upset and this was the only way he had of communicating that in a way that would be understood by the community, but that the intent was not to sell NXT.



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_mr_e

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Re: Price speculation
« Reply #25575 on: November 11, 2015, 12:15:50 am »

Folks - just had a long chat with James on Slack. Given the mud that's been slung around here the past few days, he doesn't want to make a personal appearance right now but wanted to clear up a few things:

Backwards compatibility is obviously a huge issue for maintaining working software. There's a lot of understandable upset around that whole situation still, but the bottom line is that without it, some functionality will end up moving to BTCD. James will be working on that now. Bc on Nxt may or may not be a resolvable issue - that's very uncertain at the moment. That is a dialogue that needs to continue within the community.

As has always been the case, Nxt will remain the financial platform for SuperNET, so all the jl777 assets will continue to be hosted on Nxt.

The sell walls have been pulled, except for one at 7500 NXT/BTC. [If that works out we're all doing ok.] James wanted to convey that he was very upset and this was the only way he had of communicating that in a way that would be understood by the community, but that the intent was not to sell NXT.
Can someone please explain to me what is the rational for the Nxt api not supporting a versioning system such as '/api/v2/getaccount'? This makes sense in most every platform out there, why is this something we do not wish to have for Nxt?
There must be a very good reason....
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jl777

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Re: Price speculation
« Reply #25576 on: November 11, 2015, 12:35:56 am »

Folks - just had a long chat with James on Slack. Given the mud that's been slung around here the past few days, he doesn't want to make a personal appearance right now but wanted to clear up a few things:

Backwards compatibility is obviously a huge issue for maintaining working software. There's a lot of understandable upset around that whole situation still, but the bottom line is that without it, some functionality will end up moving to BTCD. James will be working on that now. Bc on Nxt may or may not be a resolvable issue - that's very uncertain at the moment. That is a dialogue that needs to continue within the community.

As has always been the case, Nxt will remain the financial platform for SuperNET, so all the jl777 assets will continue to be hosted on Nxt.

The sell walls have been pulled, except for one at 7500 NXT/BTC. [If that works out we're all doing ok.] James wanted to convey that he was very upset and this was the only way he had of communicating that in a way that would be understood by the community, but that the intent was not to sell NXT.
thanks for summarizing. I am also still having connection issues so have problems getting logged in. I did need to raise some funds due to unexpected costs, but that has been taken care of.

And for those who say that I should just fix my code, well let me explain that it is not that I am unwilling to. It is simply that I am not skilled enough to. If you think it is easy to write cutting edge crypto software (it isnt), then try to do it when anything and everything you do can be changed. So without a time machine, it is not possible.

If you know anybody that can, let me know, I will hire him.

So the alternative is for me to create an independent virtualization directly on top of the blockchain and low level network, but I cannot find the documentation to do this, nor do I have any free time to do it. I did exactly this with bitcoin/btcd in the last couple days, so I am busy creating the mass market solutions. Maybe I will have time to create a stable virtualization layer for NXT someday, but this seems like a lot of extra work, especially since that is what the API is for.

Thanks to chanc3r who is identifying specific issues that will need to be addressed to make sure MGW keeps working. With his efforts, this appears to be in a good state.

Due to the somewhat hostile environment here, I find it counterproductive to actively follow the forum, it feels a lot like BTT sometimes. I am trying to help NXT as best as I can, but at this point my hands are tied. I am sorry that I am not technically good enough to solve this, so I will concentrate on solving the things that I can.

Like a scalable and easy to use blockchain solution in a chrome app

James
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apenzl

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Re: Price speculation
« Reply #25577 on: November 11, 2015, 04:44:14 am »

^ +1

Going back in time:

This will be a great addition to NXT's AE.  I'm looking forward to testing this out.  Thanks James and keep up the good work.

Quote
Quote from: jl777 on May 28, 2014, 09:35:05 pm

NXTorrent is progressing, now actually getting bug reports and poofknuckle is doing good with the GUI
Got NXTservices tested on mac, win7 32/64 bit and also win8
So while it seems NXTorrent has been neglected, a lot of the NXTservices improvements directly apply.
Once we can get ~100 realistic type of listings, then I can finish the search function.
So really what I need is more testers. I really cant complete NXTorrent if there isnt feedback from testing

James

Quote from 2Kool4Skewl
Quote
Thanks for the update.

I'm anxiously awaiting the MGWs.

You're doing a great job.
https://nxtforum.org/general-discussion/nxt-pub-thread-2500-pages-on-nxtforum-org-or-bust/msg30942/

With nxt, there was no way to stop me :)

GO JAMES, GO! :D

etc. etc.

@2Kool, I remember you've mentioned knowing James from Ripple once before. But back then your story was, that we should trust him. What's going on?
« Last Edit: November 11, 2015, 04:47:21 am by apenzl »
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prometheus

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Re: Price speculation
« Reply #25578 on: November 11, 2015, 04:57:16 am »



@2Kool, I remember you've mentioned knowing James from Ripple once before. But back then your story was, that we should trust him. What's going on?

there is no logic with 2kool. no sense in trying to have a conversation with the dude.
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2Kool4Skewl

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Re: Price speculation
« Reply #25579 on: November 11, 2015, 05:40:11 am »

James wanted to convey that he was very upset and this was the only way he had of communicating that in a way that would be understood by the community, but that the intent was not to sell NXT.

The NXT that was listed for sale was money from investors not James' personal NXT.  This is called misappropriation of funds.  It wasn't James only way of showing that he was upset.  Rational individuals do not commit malfeasance when they get "angry".  James' intent was to threaten financial loss on everyone unless he got his way.

@2Kool, I remember you've mentioned knowing James from Ripple once before. But back then your story was, that we should trust him. What's going on?

I did meet "James" when I was involved in Ripple.  At the time, he seemed a little immature, but overall a good kid.  I chalked up his immaturity to being "a kid".  Obviously, as seen from his actions with investors' funds, James is still too immature to handle these situations and money invested with him.  Personally, I never invested any money in any of his assets because of this knowledge.  Saying this, I hoped that James would mature and be a good addition to the NXT community.  I always try to give people the benefit of the doubt, so I didn't come on here and talk about my previous experiences.  I decided to allow everyone to judge him for themselves and come to their own conclusions.  James has done some good things for NXT, but his recent behavior is out of line.  He cannot threaten liquidating investor funds because he is "angry".  I could have said nothing, because quite frankly, I'm not invested in any of his assets and it's not my money he's misappropriating, but I think his actions are unfair to his investors.  If he dumps all his investors' NXT, it'll be absorbed and NXT will go on.  Supernet would die though and everyone who invested in it would be out their money.  James had sell orders listed at 2000 sat which isn't too far from the current price.  What would have happened if somebody came in and purchased those NXT at that depressed price?  Supernet holders would have lost potential profits because of James' anger.  That is an unacceptable consequence that none of his investors agreed to when they purchased his assets.
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