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Latest Stable Nxt Client: Nxt 1.12.2

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Chabubu

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Questions and thoughts from a total newbie
« on: June 13, 2017, 03:05:00 am »

Hi all,

Anyways. I've been reading a lot and have thoughts/questions on NXT. 

Right now even with a total market cap of $100B across all currencies, it's still early phase.  A newbie like myself knows nothing about any of the 700 options on coinmarketcap.com

So I started reading and found NXT.  Although NXT may be amazing and have a lot of potential, I found the following things to be difficult, from a newbie perspective. I don't know if the goal is just to make a blockchain tool for highly technical people, or for the average person.


So here are my things I ran across trying to set up, and use the tool:

On the website:
WHY USE NXT?   
"Nxt is a natural evolution of blockchain technology."   Yes, but I have a deskjob, own a home, invest in my 401k and am 100% non-technical.  What problem is NXT solving for me?  I looked at all the items on the list and the only item that seemed of relevance to me in my daily life was the storage.  So I thought I would play with that and see how it functioned.

What does issue my own asset mean for me?  I can issue 1000 coins and send them to people? For what?   Does this mean something like:  “Do a private IPO and issue shares that represent ownership in your business”?    Give an example.   Right now, everything assumes I already know a lot about cryptocurrency and blockchain, and it tells me a list of things that it does similar to other providers.   


Fix the CTAs on this page: nxt.org/get-started/for-you/

To match this page: nxt.org/download/

I didn't even realize there was a download button and I had to look all over.



Creating an account:

The info on this page scared me: nxtwiki.org/wiki/How-To:CreateAccount

The idea of a bunch of words is not typical to the average user that creates a user name and a password.  It doesn’t feel secure (i know it is, but explaining that if someone just guesses my words they can steal my account would make me hesitant to keep anything of value in it.)  Maybe rephrase everything to explain how multiple words make it impossible for someone to just crack by guessing.  (Can someone just run a tool to guess indefinitely until they get logged into an account?  This scares me if there is no protection to block people from running a script to guess simple words.  If someone had  $100M in their account I’m sure people would devote resources to guessing words.)   Again. I am a newb that knows nothing. If you want to appeal to more of them, then appeal to someone with my mentality.

Downloading the whole blockchain when I launch?   

I installed the application and it immediately took an hour to download a shit ton of the blockchain.  20 minutes later and it seems I was only 10% of the way done. Am I a node in the network just by using the application?  This doesn’t feel user friendly if I have to maintain a record of everything just to use it.    Am I earning something by hosting all this on my PC?    How big is the whole blockchain?  Or what is my local blockchain size?  I’m not going to download 50gb of data just to use the application.  Is that what you have to do? It wasn't clear and I didn't know how to pause or stop it. I just had to exit it entirely. I saw 1.3 million blocks to download!   What?!


Ok, anyways. If anyone values this input I can provide more. It's kind of a ramble. But I wanted to get involved and learn something, but mostly found myself confused. 


 
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lurker10

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Re: Questions and thoughts from a total newbie
« Reply #1 on: June 13, 2017, 06:50:17 am »

Hi all,

Anyways. I've been reading a lot and have thoughts/questions on NXT. 

Right now even with a total market cap of $100B across all currencies, it's still early phase.  A newbie like myself knows nothing about any of the 700 options on coinmarketcap.com

So I started reading and found NXT.  Although NXT may be amazing and have a lot of potential, I found the following things to be difficult, from a newbie perspective. I don't know if the goal is just to make a blockchain tool for highly technical people, or for the average person.


So here are my things I ran across trying to set up, and use the tool:

On the website:
WHY USE NXT?   
"Nxt is a natural evolution of blockchain technology."   Yes, but I have a deskjob, own a home, invest in my 401k and am 100% non-technical.  What problem is NXT solving for me?  I looked at all the items on the list and the only item that seemed of relevance to me in my daily life was the storage.  So I thought I would play with that and see how it functioned.

What does issue my own asset mean for me?  I can issue 1000 coins and send them to people? For what?   Does this mean something like:  “Do a private IPO and issue shares that represent ownership in your business”?    Give an example.   Right now, everything assumes I already know a lot about cryptocurrency and blockchain, and it tells me a list of things that it does similar to other providers.   


Fix the CTAs on this page: nxt.org/get-started/for-you/

To match this page: nxt.org/download/

I didn't even realize there was a download button and I had to look all over.



Creating an account:

The info on this page scared me: nxtwiki.org/wiki/How-To:CreateAccount

The idea of a bunch of words is not typical to the average user that creates a user name and a password.  It doesn’t feel secure (i know it is, but explaining that if someone just guesses my words they can steal my account would make me hesitant to keep anything of value in it.)  Maybe rephrase everything to explain how multiple words make it impossible for someone to just crack by guessing.  (Can someone just run a tool to guess indefinitely until they get logged into an account?  This scares me if there is no protection to block people from running a script to guess simple words.  If someone had  $100M in their account I’m sure people would devote resources to guessing words.)   Again. I am a newb that knows nothing. If you want to appeal to more of them, then appeal to someone with my mentality.

Downloading the whole blockchain when I launch?

I installed the application and it immediately took an hour to download a shit ton of the blockchain.  20 minutes later and it seems I was only 10% of the way done. Am I a node in the network just by using the application?  This doesn’t feel user friendly if I have to maintain a record of everything just to use it.    Am I earning something by hosting all this on my PC?    How big is the whole blockchain?  Or what is my local blockchain size?  I’m not going to download 50gb of data just to use the application.  Is that what you have to do? It wasn't clear and I didn't know how to pause or stop it. I just had to exit it entirely. I saw 1.3 million blocks to download!   What?!


Ok, anyways. If anyone values this input I can provide more. It's kind of a ramble. But I wanted to get involved and learn something, but mostly found myself confused.

Nxt blockchain size is about 3 GB.

You have three options with the wallet: https://nxtforum.org/nrs-releases/nrs-v1-11-5/

1) sync blockchain from scratch, can take a few hours;

2) download the latest ready blockchain files from peerexplorer.com (bottom of page link);

3) Activate Lite mode:

3a) Unpack Nxt client if you use the zip link or install if you use the installer.

3b) Locate directory nxt/conf.

On Windows it is here: C:\Users<UserName>\AppData\Roaming\NXT\conf

Mac: ~/.nxt/conf

Linux: /conf folder under the root installation

3c) Create a text file nxt.properties in this directory with a single line:

nxt.isLightClient=true

start the Nxt client and it will not be downloading the blockchain.
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Run a node - win a prize! "Lucky node" project jar: NXT-8F28-EDVE-LPPX-HY4E7
 

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