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Title: Why is NXT not the number 2 coin? Post by: cloudboy on April 22, 2015, 11:34:39 PM Seriously, NXT is the best coin.
Not forked from BTC, it is quite impressive to use. The HTML wallet will blow you away. Features like the Asset Exchange are unbelievable, and the level of general development from so many in the community is astounding. I'm definitely hodling this coin. Yes, the initial release was extremely unconventional. So was Dash's - and it's number 4. If you haven't before, please just check it out: http://jnxt.org:7876/index.html (http://jnxt.org:7876/index.html) (online wallet) or go to the site: nxt.org (http://nxt.org) Title: Re: Why is NXT not the number 2 coin? Post by: itsAj on April 22, 2015, 11:48:15 PM I have one word for you
marketing. Title: Re: Why is NXT not the number 2 coin? Post by: Hollowman338 on April 23, 2015, 12:43:22 AM I would say that NXT is being seriously considered outside of cryptoworld.
I wouldn't pay much attention to the musical chairs playing retard pump and dumpers and the shitcoins they rape. It's the same roving mass of BTC jumping from one flash in the pan to the next, burning suckers along the way. Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 23, 2015, 01:31:04 AM I have one word for you marketing. This. I think they should focus more on getting developer-entreprenuers to build on top of NXT than spending time marketing it here at the useless people of the BTT altcoin section. :D NXT is something you just don't rule out. Their team and community seems determined to see it through whether success is attained or not. That's good to see. Title: Re: Why is NXT not the number 2 coin? Post by: Hollowman338 on April 23, 2015, 01:32:01 AM I have one word for you marketing. This. I think they should focus more on getting developer-entreprenuers to build on top of NXT than spending time marketing it here at the useless people of the BTT altcoin section. :D NXT is something you just don't rule out. Their team and community seems determined to see it through whether success is attained or not. That's good to see. just wait until supernet launches 8) Title: Re: Why is NXT not the number 2 coin? Post by: Zer0Sum on April 23, 2015, 01:53:29 AM I have one word for you marketing. This. I think they should focus more on getting developer-entreprenuers to build on top of NXT than spending time marketing it here at the useless people of the BTT altcoin section. :D NXT is something you just don't rule out. Their team and community seems determined to see it through whether success is attained or not. That's good to see. "build on top of NXT"... it's just not happening enough, YET. There are lots of decent projects out there with 1-2 Devs building with Twitter and a shoestring... I suppose maybe they think some Venture Sugar Daddys will come by someday and throw money at them... But Venture Guys NEVER invest in your 1st business... guys on their 1st business are a high risk investment... So you are down to crowdfunding... or platforms like NXT. In the next 12 months... A lot of these quality projects will chose to launch Assets on the Nxt AE where you can raise $50K, $100K, 500K, it depends... (Though dodgy, vapor projects are not welcome... and tend to be weeded out by Mods or the NXT Community). Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 23, 2015, 03:19:40 AM I have one word for you marketing. This. I think they should focus more on getting developer-entreprenuers to build on top of NXT than spending time marketing it here at the useless people of the BTT altcoin section. :D NXT is something you just don't rule out. Their team and community seems determined to see it through whether success is attained or not. That's good to see. just wait until supernet launches 8) Link to blogs/updates on SuperNet? Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 23, 2015, 03:22:29 AM I have one word for you marketing. This. I think they should focus more on getting developer-entreprenuers to build on top of NXT than spending time marketing it here at the useless people of the BTT altcoin section. :D NXT is something you just don't rule out. Their team and community seems determined to see it through whether success is attained or not. That's good to see. "build on top of NXT"... it's just not happening enough, YET. There are lots of decent projects out there with 1-2 Devs building with Twitter and a shoestring... I suppose maybe they think some Venture Sugar Daddys will come by someday and throw money at them... But Venture Guys NEVER invest in your 1st business... guys on their 1st business are a high risk investment... So you are down to crowdfunding... or platforms like NXT. In the next 12 months... A lot of these quality projects will chose to launch Assets on the Nxt AE where you can raise $50K, $100K, 500K, it depends... (Though dodgy, vapor projects are not welcome... and tend to be weeded out by Mods or the NXT Community). I guess these vapor projects bit more than they can chew... It usually is the case. Title: Re: Why is NXT not the number 2 coin? Post by: Hollowman338 on April 23, 2015, 03:39:29 AM I have one word for you marketing. This. I think they should focus more on getting developer-entreprenuers to build on top of NXT than spending time marketing it here at the useless people of the BTT altcoin section. :D NXT is something you just don't rule out. Their team and community seems determined to see it through whether success is attained or not. That's good to see. just wait until supernet launches 8) Link to blogs/updates on SuperNet? ANN https://bitcointalk.org/index.php?topic=762346.0 (https://bitcointalk.org/index.php?topic=762346.0) Latest Newsletter http://nxter.org/supernet-newsletter-16/ (http://nxter.org/supernet-newsletter-16/) Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on April 23, 2015, 06:42:58 AM Because NXT is a real grassroots movement for a fully decentralized economy and doesn't have any corporate backers to hype it. This makes NXT reliant upon the community of crypto users which is a good and a bad thing. It's good because NXT will never die and continue to evolve. It's bad because some people in the crypto community don't care about decentralization and have forgotten the true meaning of crypto advocated by Satoshi. Therefore, they
Title: Re: Why is NXT not the number 2 coin? Post by: Daedelus on April 23, 2015, 12:08:19 PM So you are down to crowdfunding... or platforms like NXT. Did you know you can do trustless crowd funding in Nxt's Monetary System? i.e. Say you want to raise 200k NXT with a deadline in 30 days time. People put up the money bit by bit and it is all held by the protocol (a trustless escrow). The dev can't run away with it part way through the process. When the deadline comes, the protocol checks if the amount raised is 200k or more. If it is, the 200k NXT is released to you for your successfully funded project and tokens representing a stake in your project are sent to the funders (optional, I believe). If less than 200k, then all NXT are returned to those who sent them. All trustlessly and all for a cost of 40 NXT ;D Title: Re: Why is NXT not the number 2 coin? Post by: ChuckOne on April 23, 2015, 03:46:07 PM Being considered in the ESMA report does not seem very bad:
http://www.esma.europa.eu/content/Investment-using-virtual-currency-or-distributed-ledger-technology Title: Re: Why is NXT not the number 2 coin? Post by: kelsey on April 23, 2015, 04:06:13 PM I have one word for you i have one word for you; over complicated, over-hyped shitcoin ;) Title: Re: Why is NXT not the number 2 coin? Post by: Daedelus on April 23, 2015, 04:28:10 PM I have one word for you i have one word for you; over complicated, over-hyped shitcoin ;) How so? Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on April 23, 2015, 04:30:30 PM I have one word for you i have one word for you; over complicated, over-hyped shitcoin ;) i have to agree NXT is a shitcoin... as it is quiet worthless... thats if you only care about the coin itself.... But the NXT platform and ability for devs to tap into the system is going to be the game changer. Title: Re: Why is NXT not the number 2 coin? Post by: ChuckOne on April 23, 2015, 05:00:43 PM I have one word for you i have one word for you; over complicated, over-hyped shitcoin ;) i have to agree NXT is a shitcoin... as it is quiet worthless... thats if you only care about the coin itself.... But the NXT platform and ability for devs to tap into the system is going to be the game changer. The platform's security relies on this shitcoin. Title: Re: Why is NXT not the number 2 coin? Post by: tyz on April 23, 2015, 05:19:10 PM NXT is still completely underestimated. It has the best tech and community of all crypto projects so far (perhaps except Bitcoin). IMHO, there is a lack of good marketing and many fudsters which missed the right time to get in.
Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on April 23, 2015, 05:57:19 PM shitcoin ... period.
Title: Re: Why is NXT not the number 2 coin? Post by: Daedelus on April 23, 2015, 06:06:26 PM Title: Re: Why is NXT not the number 2 coin? Post by: Zer0Sum on April 23, 2015, 06:42:55 PM Being considered in the ESMA report does not seem very bad: http://www.esma.europa.eu/content/Investment-using-virtual-currency-or-distributed-ledger-technology Ya man, they took a good look at the CoinMarketCap Asset List. http://coinmarketcap.com/assets/ Let's see: NXT................... 37 assets all types/sizes, 60 sec blocks, liquid exchange, rock solid platform (I've done > 200 trades with zero issues) Counterparty....... 7 assets, but near zero liquidity, 10-20 minute block times, down a lot just when you need it Bitshares............ 5 hedging assets, Wall Street ETFs and options will make these primitive tools irrelevant Mastercoin......... 2 assets, but it's really all the controversial MAID vapor-PO Nubits............... who knew Jordan and his friends would sell a virtual Fed to the rubes? Title: Re: Why is NXT not the number 2 coin? Post by: Hollowman338 on April 23, 2015, 11:49:36 PM shitcoin ... period. ARCH is a shitcoin. CRAVE is a shitcoin. TRON is a shitcoin. Most anything with the classic parabolic blow-off pattern on bittrex is a shitcoin. NXT may very well surpass bitcoin. Title: Re: Why is NXT not the number 2 coin? Post by: box0211 on April 24, 2015, 03:23:45 AM not if ethereum beats then to it. they do have a rally of devs sold on there platform.
Title: Re: Why is NXT not the number 2 coin? Post by: capodieci on April 24, 2015, 04:40:27 AM Seriously, NXT is the best coin. Not forked from BTC, it is quite impressive to use. The HTML wallet will blow you away. Features like the Asset Exchange are unbelievable, and the level of general development from so many in the community is astounding. I'm definitely hodling this coin. Yes, the initial release was extremely unconventional. So was Dash's - and it's number 4. If you haven't before, please just check it out: http://jnxt.org:7876/index.html (http://jnxt.org:7876/index.html) (online wallet) or go to the site: nxt.org (http://nxt.org) ^^^^ That! Title: Re: Why is NXT not the number 2 coin? Post by: capodieci on April 24, 2015, 04:58:04 AM I have one word for you marketing. This. I think they should focus more on getting developer-entreprenuers to build on top of NXT than spending time marketing it here at the useless people of the BTT altcoin section. :D NXT is something you just don't rule out. Their team and community seems determined to see it through whether success is attained or not. That's good to see. http://debune.org (http://debune.org) Will run on Nxt blockchain https://jetcoininstitute.com/ (https://jetcoininstitute.com/) Will run with Nxt technology Title: Re: Why is NXT not the number 2 coin? Post by: El Dude on April 24, 2015, 05:30:24 AM NXT was distributed to 5 people that were pretending to be 70 people and this is why NXT is a shitcoin.
Title: Re: Why is NXT not the number 2 coin? Post by: sidhujag on April 24, 2015, 05:37:18 AM Being considered in the ESMA report does not seem very bad: http://www.esma.europa.eu/content/Investment-using-virtual-currency-or-distributed-ledger-technology Ya man, they took a good look at the CoinMarketCap Asset List. http://coinmarketcap.com/assets/ Let's see: NXT................... 37 assets all types/sizes, 60 sec blocks, liquid exchange, rock solid platform (I've done > 200 trades with zero issues) Counterparty....... 7 assets, but near zero liquidity, 10-20 minute block times, down a lot just when you need it Bitshares............ 5 hedging assets, Wall Street ETFs and options will make these primitive tools irrelevant Mastercoin......... 2 assets, but it's really all the controversial MAID vapor-PO Nubits............... who knew Jordan and his friends would sell a virtual Fed to the rubes? Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on April 24, 2015, 06:29:38 AM Being considered in the ESMA report does not seem very bad: http://www.esma.europa.eu/content/Investment-using-virtual-currency-or-distributed-ledger-technology Ya man, they took a good look at the CoinMarketCap Asset List. http://coinmarketcap.com/assets/ Let's see: NXT................... 37 assets all types/sizes, 60 sec blocks, liquid exchange, rock solid platform (I've done > 200 trades with zero issues) Counterparty....... 7 assets, but near zero liquidity, 10-20 minute block times, down a lot just when you need it Bitshares............ 5 hedging assets, Wall Street ETFs and options will make these primitive tools irrelevant Mastercoin......... 2 assets, but it's really all the controversial MAID vapor-PO Nubits............... who knew Jordan and his friends would sell a virtual Fed to the rubes? They're derivatives contracts! Stop lying to people! Your "bitUSD" isn't actual USD. Title: Re: Why is NXT not the number 2 coin? Post by: JReag on April 24, 2015, 08:48:09 AM I think most people miss the great strength which is a downwards swing in prices. $1300 for bitcoin is pretty intimidating compared to $230.
Likewise, 10 cents for NXT would be a little hard for most people to swallow given both its level of adoption and its lack of user friendliness for the less technologically knowledgeable. As such, during these low price high development and innovation periods, the lower price actually helps to disperse the holdings more evenly. In fact, if nxt dropped to a 5 million market cap I'd just see it as a good thing. Why not? It's a cheaper investment that I would still believe holds a lot of strength. If Maidsafe dropped to .4 cents I'd feel relieved that I could put my money behind a project I believe had good qualities at such a low price. So why isn't NXT number 2? Because it's easy to look at these platforms in absolute numbers. What's the valuation in the market? What are people willing to pay for it? Just slap that into the total supply and BOOM - easy ranking. Naturally, this approach misses out on many key differences between the competing platforms and therefore doesn't reflect long term strength. I think that by now, anyone convinced by NXT or any pet project of their choice is going to be behind with a maddening fervor. Good - that's what our crypto space needs to grow. Yes, we need to advertise and really collaborate to push the boundaries of this technology - but that's why we have alt coins and competition. Ultimately, regardless of whatever coins I hold, I just want those who back a truly decentralized monetary model to win. Would I like to be rich from the bags I hold? Hell yes I would. Do I think I will be as deduced via my own specific reasons about specific reasons? Absolutely. But even in the outcome I'm left holding a bag of dirt - I. Still. Win. Why? Because I get to stop facing financial torment as its mismanaged by central planners who don't face any repercussions from their policies. So I hope the rest of the crypto space goes full blow fanatical about any sustainable project. And remember - something throwing shit at whatever platform you adore the most ain't a bad thing. Why would it be? IF you really believe in the platform and team then it can weather any shit you try throwing at it cause it's the real deal. Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 24, 2015, 09:07:40 AM NXT was distributed to 5 people that were pretending to be 70 people and this is why NXT is a shitcoin. I read this a lot, but it has never been proven. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on April 24, 2015, 09:31:11 AM NXT was distributed to 5 people that were pretending to be 70 people and this is why NXT is a shitcoin. I read this a lot, but it has never been proven. Exactly. El Dude's statement is a load of BS. I'd like someone to try to prove it. Title: Re: Why is NXT not the number 2 coin? Post by: El Dude on April 24, 2015, 09:43:39 AM NXT was distributed to 5 people that were pretending to be 70 people and this is why NXT is a shitcoin. I read this a lot, but it has never been proven. Exactly. El Dude's statement is a load of BS. I'd like someone to try to prove it. It doesn't need to be proven all IPO coins are scams but here you go Actually the distribution is way worse than that. We were initially told, for a long time, that it was 20 wallets who invested the 1.5 BTC limit and took 80% of NXT. http://nxtcoin.blogspot.ca/2014/06/how-nxt-changed-our-lives-james.html Then James, who is a developer for NXT, only admitted a month ago that it was actually only 8 wallets who invested the full amount and took almost half of all NXT. There was no taint analysis and we can't even ascertain if any real BTC was actually put in among those 8. We can only name like 4 NXT whales on the top of our heads and it's quite likely at least one of them had multiple sockpuppets in the IPO. So in a nutshell easily 30%+ of NXT was owned by one person at some point, it's guaranteed, and then maybe another 5-10 people owned another 60%. It's very easy to get a huge capitalization if you own all the coins, just look Marine Coin, Neutrino, Ripple, et cetera. The difference is the NXT people kept the distribution a secret until January / February and by then they had plenty of BTC reserves to create artificial volume anytime they wanted. I remember once pointing out that NXT itself had less volume than its' assets and as soon as I made that post, I kid you not, the day after they pumped the NXT volume to $120K. Title: Re: Why is NXT not the number 2 coin? Post by: Daedelus on April 24, 2015, 09:54:26 AM A vintage argument indeed! I don't even have to retype anything ;D
Actually the distribution is way worse than that. We were initially told, for a long time, that it was 20 wallets who invested the 1.5 BTC limit and took 80% of NXT. http://nxtcoin.blogspot.ca/2014/06/how-nxt-changed-our-lives-james.html Then James, who is a developer for NXT, only admitted a month ago that it was actually only 8 wallets who invested the full amount and took almost half of all NXT. There was no taint analysis and we can't even ascertain if any real BTC was actually put in among those 8. We can only name like 4 NXT whales on the top of our heads and it's quite likely at least one of them had multiple sockpuppets in the IPO. So in a nutshell easily 30%+ of NXT was owned by one person at some point, it's guaranteed, and then maybe another 5-10 people owned another 60%. It's very easy to get a huge capitalization if you own all the coins, just look Marine Coin, Neutrino, Ripple, et cetera. The difference is the NXT people kept the distribution a secret until January / February and by then they had plenty of BTC reserves to create artificial volume anytime they wanted. I remember once pointing out that NXT itself had less volume than its' assets and as soon as I made that post, I kid you not, the day after they pumped the NXT volume to $120K. You could have just quoted the article: ;) :D ;D There were 8 full BTC investors that each got 50 million NXT. The rest of 73 got mostly much smaller amounts. I cant say for sure, but I believe half a dozen of the original 8 (I am not sure who the other two are) have given away or sold off half or more of their 50 million along the way. It is simply a very hard thing to not cash out hundreds of thousands of dollars of profits! The smaller holders have most likely sold an even larger percentage on average than the half dozen.. There are probably a couple dozen early adopters who purchased 10 to 50 million NXT on the open market. I would say less than 50 of the original 73 and early adopters who got it at 1 BTC per million NXT (!!) still have more than 10 million NXT. probably less than half a dozen still have 50 million and most of those would be the early adopters and not the original founders. So roughly 25 USD millionaires at current 6 cent prices would be my guesstimate. Most of these are down to their long term core holdings and most likely wont sell at any price, short of $1, cuz they already have all the fiat they need. Whats the rush, especially now that NXT is where it is? This means the active liquid NXT is probably around 250 million total, which is still plenty especially with the normal trading volumes of 1 million NXT per day. The deck has already been shuffled, I dont believe there is any organized coalition that can come up with more than 10% to 15% of all NXT. If you know people, you will know how hard it is to get any half dozen to agree on anything! I dont believe any other crypto has this level of dispersion TL:DR - the original investors have most likely sold off more than half of their stashes, that is what the trail in the blockchain leads too. Actually, everyone save us the trouble and just go read that thread :D I especially like the bit about "keeping the distribution secret" :D Anyone find any evidence for this in a transparent blockchain and BTT thread giving a blow by blow historic account of the time before genesis creation? Vintage UtopianFuture babble ;D Good times. Title: Re: Why is NXT not the number 2 coin? Post by: BIT-Sharon on April 24, 2015, 10:20:12 AM I wonder too.
Title: Re: Why is NXT not the number 2 coin? Post by: Sonny91BE on April 24, 2015, 04:31:57 PM I have one word for you marketing. I 100% agree with this. The NXT community has insane features and great worth and development but absolutely zero marketing in what they do. However in my opinion this will better as all coins come and go I think NXT is doing good even though the coin may be undervalued a lot I still see it becoming stronger month after month ! People will start to implement it more as they notice how many good features there actually are made around the platform ! I'm personally a fan of it together with bitcoin ! :D. Only 2 things I invest in in the crypto world so far. Very conservative. Title: Re: Why is NXT not the number 2 coin? Post by: Este Nuno on April 24, 2015, 05:15:13 PM Actually the distribution seems to have turned out pretty well for NXT from what I can tell. Lots of people interested in NXT it seems and a steady stream of new interest in it since launch.
1.5 years of open market trading has seen a lot of NXT change hands. What I've learned over the years anyway is that the most important thing with crypto distribution isn't how many people it gets distributed to, but instead who adds the most value to the economy. Either by funding projects that add value or using their funds as an incentive to work to grow the ecosystem. Incentives matter. Distribution happens naturally anyway via an open market as the market cap grows. Eventually the goal is to have more money coming in than going out. At this point the only way that's likely going to happen is by people building services and business on top of the platform. The only major problem NXT has now is that hardly anyone really understands what it is or what it can offer people. That should begin to change gradually over time though. Title: Re: Why is NXT not the number 2 coin? Post by: sidhujag on April 24, 2015, 05:17:33 PM Being considered in the ESMA report does not seem very bad: http://www.esma.europa.eu/content/Investment-using-virtual-currency-or-distributed-ledger-technology Ya man, they took a good look at the CoinMarketCap Asset List. http://coinmarketcap.com/assets/ Let's see: NXT................... 37 assets all types/sizes, 60 sec blocks, liquid exchange, rock solid platform (I've done > 200 trades with zero issues) Counterparty....... 7 assets, but near zero liquidity, 10-20 minute block times, down a lot just when you need it Bitshares............ 5 hedging assets, Wall Street ETFs and options will make these primitive tools irrelevant Mastercoin......... 2 assets, but it's really all the controversial MAID vapor-PO Nubits............... who knew Jordan and his friends would sell a virtual Fed to the rubes? They're derivatives contracts! Stop lying to people! Your "bitUSD" isn't actual USD. bitusd is pegged to usd and has been for 6 months. Thus I said essentially please reread and give more thought before responding. This is a big advantage of bitshares over nxt. Title: Re: Why is NXT not the number 2 coin? Post by: Daedelus on April 24, 2015, 05:52:30 PM There are gateways which accept bitusd and give usd Link? Title: Re: Why is NXT not the number 2 coin? Post by: the joint on April 24, 2015, 06:03:54 PM I think it's mostly due to first-mover advantage, and due to the community's perception that Bitcoin is "good enough."
Title: Re: Why is NXT not the number 2 coin? Post by: sidhujag on April 24, 2015, 06:05:22 PM There are gateways which accept bitusd and give usd Link? https://metaexchange.info Off top ofhead for usd and i developed this site http://cryptosmith.info for gold and. Silver gateway Title: Re: Why is NXT not the number 2 coin? Post by: Daedelus on April 24, 2015, 06:36:27 PM There are gateways which accept bitusd and give usd Link? https://metaexchange.info Off top ofhead for usd and i developed this site http://cryptosmith.info for gold and. Silver gateway The link only shows pairs for BTC. Where is bitUSD/USD? Title: Re: Why is NXT not the number 2 coin? Post by: sidhujag on April 24, 2015, 06:45:46 PM There are gateways which accept bitusd and give usd Link? https://metaexchange.info Off top ofhead for usd and i developed this site http://cryptosmith.info for gold and. Silver gateway The link only shows pairs for BTC. Where is bitUSD/USD? Title: Re: Why is NXT not the number 2 coin? Post by: Daedelus on April 24, 2015, 07:27:32 PM So this...
There are gateways which accept bitusd and give usd ...isn't true? Nowhere you can give them bitUSD and get USD in return? Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on April 24, 2015, 08:12:13 PM i too would like to know how u get bitUSD out into fiat?
Title: Re: Why is NXT not the number 2 coin? Post by: Snail2 on April 24, 2015, 08:40:59 PM I second those opinions what points to the week marketing. NXT has far more unique features than most alts together, there are plenty of services, there is a great community... unfortunately outside of BTT and the NXT forums nobody heard about all of these goodies.
Title: Re: Why is NXT not the number 2 coin? Post by: testz on April 24, 2015, 10:51:57 PM IMHO Definitely Nxt is number 2 coin, right after BitShares :)
Title: Re: Why is NXT not the number 2 coin? Post by: Snail2 on April 24, 2015, 11:13:34 PM They've also got a decentralized market that's working but nobody uses it, even with everyone talking about OpenBazaar. It's baffling why nobody uses NXT it's a great crypto with ever more features it must be cursed or something ??? I guess the controversial beginning can be one of the reasons. What is a silly thing as the fundraising was completely open, there were some rather big giveaways during the first stages of the testing and it was sold for a while for a few sats. Unfortunately everybody (including me) was occupied with collecting and dumping more and more shitcoins and taking part in the big BTC pump :). Title: Re: Why is NXT not the number 2 coin? Post by: rtrtcrypto on April 25, 2015, 01:33:32 AM There is a decent chance, certainly from all protocols currently on the market that I have seen, that NXT's ecosystem will eventually catch up with its core features and reliability - if/when that happens, watch out.
I don't see how anyone can pass up on at least picking up 100,000 NXT at these prices and just sitting back and waiting. Worse case scenario is a small loss in fiat! If ANYTHING on the platform hits even a single (forget a home run) outside of crypto - things will move very fast. Stay outside at your own risk! I just don't see the upside in taking that position. Just basic research will show much of the FUD is unfounded, certainly unfounded for someone to take a pass on something that could grow so much. Why do that to yourself? Why not just take a position and wait? Do some basic research and roll the dice that what you learn on your own is likely closer to the truth than blatant FUD. Everyone seems to want to defend their pet coin and close their eyes. Certain coins, you turn your back on them at your own future financial risk. NXT is, for me, the one coin I would not want to short change or dismiss. You try to leave yourself in a good position for the future, just blindly turning away from something like this is dangerous for anyone interested in this space, IMHO. You could argue other coins also deserve your stern attention, no problem, but, if you dismiss NXT outright - you have failed to be objective and to do your own research. Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 25, 2015, 02:42:56 AM I think it's mostly due to first-mover advantage, and due to the community's perception that Bitcoin is "good enough." Not just that. VC's are pumping millions (and soon to be billions) in Bitcoin related start ups. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on April 25, 2015, 04:05:27 AM Being considered in the ESMA report does not seem very bad: http://www.esma.europa.eu/content/Investment-using-virtual-currency-or-distributed-ledger-technology Ya man, they took a good look at the CoinMarketCap Asset List. http://coinmarketcap.com/assets/ Let's see: NXT................... 37 assets all types/sizes, 60 sec blocks, liquid exchange, rock solid platform (I've done > 200 trades with zero issues) Counterparty....... 7 assets, but near zero liquidity, 10-20 minute block times, down a lot just when you need it Bitshares............ 5 hedging assets, Wall Street ETFs and options will make these primitive tools irrelevant Mastercoin......... 2 assets, but it's really all the controversial MAID vapor-PO Nubits............... who knew Jordan and his friends would sell a virtual Fed to the rubes? They're derivatives contracts! Stop lying to people! Your "bitUSD" isn't actual USD. bitusd is pegged to usd and has been for 6 months. Thus I said essentially please reread and give more thought before responding. This is a big advantage of bitshares over nxt. The fact is that even with "gateways" bitUSD is fractionally reserved because the "gateways" in Bitshares aren't 100% reserved like in Ripple. In Ripple, every IOU issued by a gateway is backed by the tangible asset (supposedly, if you trust the gateway operator). In Bitshares, the "gateways" are simply a businesses taking a cut of processing transactions in and out of the Bitshares ecosystem. Because Bitshares' "gateways" do not hold 100% reserves of the bitUSD, bitGold, bitSilver, etc to back the issued derivatives contracts which Bitshares, imo, disingenuously refers to as "assets", Bitshares cannot claim bitUSD is pegged to USD. It's not pegged because if you can't fully convert all of the "digital assets" (Bitshares' derivatives contracts) to the physical asset there cannot be true parity. What you have in Bitshares is a prediction market for derivatives contracts being sold to people under the auspices of it being equivalent to physical assets stored in a Swiss bank account. This imo is not ethical and will lead to a lot of people who don't truly understand what they are purchasing being hurt. Title: Re: Why is NXT not the number 2 coin? Post by: sidhujag on April 25, 2015, 06:06:59 AM Being considered in the ESMA report does not seem very bad: http://www.esma.europa.eu/content/Investment-using-virtual-currency-or-distributed-ledger-technology Ya man, they took a good look at the CoinMarketCap Asset List. http://coinmarketcap.com/assets/ Let's see: NXT................... 37 assets all types/sizes, 60 sec blocks, liquid exchange, rock solid platform (I've done > 200 trades with zero issues) Counterparty....... 7 assets, but near zero liquidity, 10-20 minute block times, down a lot just when you need it Bitshares............ 5 hedging assets, Wall Street ETFs and options will make these primitive tools irrelevant Mastercoin......... 2 assets, but it's really all the controversial MAID vapor-PO Nubits............... who knew Jordan and his friends would sell a virtual Fed to the rubes? They're derivatives contracts! Stop lying to people! Your "bitUSD" isn't actual USD. bitusd is pegged to usd and has been for 6 months. Thus I said essentially please reread and give more thought before responding. This is a big advantage of bitshares over nxt. The fact is that even with "gateways" bitUSD is fractionally reserved because the "gateways" in Bitshares aren't 100% reserved like in Ripple. In Ripple, every IOU issued by a gateway is backed by the tangible asset (supposedly, if you trust the gateway operator). In Bitshares, the "gateways" are simply a businesses taking a cut of processing transactions in and out of the Bitshares ecosystem. Because Bitshares' "gateways" do not hold 100% reserves of the bitUSD, bitGold, bitSilver, etc to back the issued derivatives contracts which Bitshares, imo, disingenuously refers to as "assets", Bitshares cannot claim bitUSD is pegged to USD. It's not pegged because if you can't fully convert all of the "digital assets" (Bitshares' derivatives contracts) to the physical asset there cannot be true parity. What you have in Bitshares is a prediction market for derivatives contracts being sold to people under the auspices of it being equivalent to physical assets stored in a Swiss bank account. This imo is not ethical and will lead to a lot of people who don't truly understand what they are purchasing being hurt. The gatewayi helped setup in cryptosmith has the actual metal and is selling for bitassets..its traded 1:1 with the backed asset and the shorts are held with 2:1 collateral on the blockchain. I knowwhat you say though And collateral comez into play because assets are shorted into existence. Title: Re: Why is NXT not the number 2 coin? Post by: TheMage on April 25, 2015, 06:12:33 AM Why is NXT not the number 2 coin? Why does it have to be a measure of penis's around here (or is it peni)? Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 25, 2015, 08:37:12 AM Why is NXT not the number 2 coin? Why does it have to be a measure of penis's around here (or is it peni)? So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying? Title: Re: Why is NXT not the number 2 coin? Post by: habraken on April 25, 2015, 09:49:08 AM Why is NXT not the number 2 coin? Why does it have to be a measure of penis's around here (or is it peni)? So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying? CMC != economy Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 25, 2015, 10:55:18 AM Why is NXT not the number 2 coin? Why does it have to be a measure of penis's around here (or is it peni)? So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying? CMC != economy NXT's coins are limited. If there is an influx of huge capital coming in NXT, naturally price will go up and the NXT economy will expand. Marketcap is everything in this 'industry'. If you're small you get ignored, if you're big everyone will notice you. So hell yeah this is a dick measuring contest. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on April 25, 2015, 12:52:03 PM Why is NXT not the number 2 coin? Why does it have to be a measure of penis's around here (or is it peni)? So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying? CMC != economy NXT's coins are limited. If there is an influx of huge capital coming in NXT, naturally price will go up and the NXT economy will expand. Marketcap is everything in this 'industry'. If you're small you get ignored, if you're big everyone will notice you. So hell yeah this is a dick measuring contest. Do you think Rimbit's marketcap of $ 915,244 actually means anything? ;) I consider marketcap only one of many indicators, easily manipulated (BanxShares with óne market) and there's things on CMC that are not even cryptocurrencies (Ripple or InstantDex). Agreed, being in the top-10 does attract (superficial) attention. But serious people/businesses contemplating adopting a platform/currency for their use, will do a proper investigation before investing. Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 25, 2015, 01:23:01 PM Why is NXT not the number 2 coin? Why does it have to be a measure of penis's around here (or is it peni)? So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying? CMC != economy NXT's coins are limited. If there is an influx of huge capital coming in NXT, naturally price will go up and the NXT economy will expand. Marketcap is everything in this 'industry'. If you're small you get ignored, if you're big everyone will notice you. So hell yeah this is a dick measuring contest. Do you think Rimbit's marketcap of $ 915,244 actually means anything? ;) I consider marketcap only one of many indicators, easily manipulated (BanxShares with óne market) and there's things on CMC that are not even cryptocurrencies (Ripple or InstantDex). Agreed, being in the top-10 does attract (superficial) attention. But serious people/businesses contemplating adopting a platform/currency for their use, will do a proper investigation before investing. What are you saying? NXT is a bubble? Title: Re: Why is NXT not the number 2 coin? Post by: habraken on April 25, 2015, 01:32:15 PM What are you saying? NXT is a bubble? No. I actually typed what I was saying.Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 25, 2015, 01:36:52 PM What are you saying? NXT is a bubble? No. I actually typed what I was saying.So if it's not a bubble its market cap actually means something. And if it grows to over a billion due to investor interest it will matter more to both consumers and businesses. Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 01:51:42 PM CMC != economy There are many more ways to judge the relevancy and usefulness of a coin other than market cap. NXT is dieing and become less relevant for many reasons. Most of the assets associated with Nxt are scams and ponzis as well. Show me a millions of dollars flowing of VC funding flowing into a NXT project or a large change in merchant adoption and I will recant my concerns of NXT's future. Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 25, 2015, 01:56:17 PM CMC != economy There are many more ways to judge the relevancy and usefulness of a coin other than market cap. NXT is dieing and become less relevant for many reasons. Most of the assets associated with Nxt are scams and ponzis as well. Show me a millions of dollars flowing of VC funding flowing into a NXT project or a large change in merchant adoption and I will recant my concerns of NXT's future. I don't think NXT is dying. They have a good, enthusiatic team. And I think they are well funded. They are a major sponsor in the upcoming Payment Expo. Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 02:09:13 PM I don't think NXT is dying. They have a good, enthusiatic team. And I think they are well funded. They are a major sponsor in the upcoming Payment Expo. A decent development team is about all they have going for them. Waning user adoption and interest, lack of merchant acceptance, lack of VC investment and legitimate business interest. Part of NxTs problem deals with not having first mover advantage and another part of it is its tainted and questionable ICO. Bitcoin has enough problems with Satoshi being anonymous and possibly controlling between 2- 5% of all Bitcoins that will ever be mined but at least it was a fair POW distribution where anyone can mine. It is very likely (based upon the evidence) that between 5-9 users control most of the stake with NxT which is very troubling and why most people are apprehensive about getting involved with NxT. This will continue haunt them just like Paycoin, Dash, Maidsafecoin and many other coins that didn't have a fair launch. Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 25, 2015, 02:21:56 PM I don't think NXT is dying. They have a good, enthusiatic team. And I think they are well funded. They are a major sponsor in the upcoming Payment Expo. A decent development team is about all they have going for them. Waning user adoption and interest, lack of merchant acceptance, lack of VC investment and legitimate business interest. Part of NxTs problem deals with not having first mover advantage and another part of it is its tainted and questionable ICO. Bitcoin has enough problems with Satoshi being anonymous and possibly controlling between 2- 5% of all Bitcoins that will ever be mined but at least it was a fair POW distribution where anyone can mine. It is very likely (based upon the evidence) that between 5-9 users control most of the stake with NxT which is very troubling and why most people are apprehensive about getting involved with NxT. This will continue haunt them just like Paycoin, Dash, Maidsafecoin and many other coins that didn't have a fair launch. Thanks for giving a fair and informative post. So I guess it's in the hands of the NXT whales then if they want NXT to succeed. Imo, they better make use of their stash than hoarding them. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on April 25, 2015, 02:23:43 PM What are you saying? NXT is a bubble? No. I actually typed what I was saying.If marketcap according to CMC is your holy grail, please explain Rimbit. Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 25, 2015, 02:25:41 PM What are you saying? NXT is a bubble? No. I actually typed what I was saying.If marketcap according to CMC is your holy grail, please explain Rimbit. I didnt mention CMC. Only NXT's market cap. Most coins at CMC are junk. Like over 90% of them. Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 02:28:47 PM Thanks for giving a fair and informative post. So I guess it's in the hands of the NXT whales then if they want NXT to succeed. Imo, they better make use of their stash than hoarding them. Another dillemma NxT has is that it is a small group of whales controlling most the coins which is helping fund development and keep the coin going. Any fork with a fairer dispersion of most of the assets would compromise some of the developers interest in the project succeeding. This is the dillemma of an open source project that doesn't have enough interest to bring in enough developers for multiple reasons. With bitcoin you have developers working and testing for fun, to pad their resume, because a private company backed by VC capital has a vested interest in BTC succeeding, security researchers writing researchers papers, ect ... with NXT the developers are essentially all motivated bagholders. This is why most alts will be destined to fail ... first mover advantage for a protocol or currency offers a tremendous advantage. Judging from the fact that all of Bitcoins weaknesses have very probable solutions which are being tested and will be released soon it doesn't bode well for NxT or other alts. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on April 25, 2015, 02:37:41 PM I don't think NXT is dying. They have a good, enthusiatic team. And I think they are well funded. They are a major sponsor in the upcoming Payment Expo. A decent development team is about all they have going for them. Developing features, interconnecting features, slowly improving usability, ironing out bugs, etc. Quote Waning user adoption and interest, lack of merchant acceptance, lack of VC investment and legitimate business interest. Not too important at the moment. There are plenty of (techie) users in NXT/SuperNET slack and fora. NXT is not primarily used for payments, so there's no real need for merchants accepting NXT. Leave that to BTC for the time being. VC's have trouble investing in decentralized community based opensource platforms, NXT is more like the Linux of crypto. Besides, VC's want to extract profits after a certain point of time, imo VC money is overrated and not always needed. There are some businesses using NXT (technology) by the way. Like smartcontracts.com, debune.org, and jetcoininstitute.com. And NXT is crypto sponsor of payexpo.com (not a crypto conference).Quote Part of NxTs problem deals with not having first mover advantage and another part of it is its tainted and questionable ICO. Bitcoin has enough problems with Satoshi being anonymous and possibly controlling between 2- 5% of all Bitcoins that will ever be mined but at least it was a fair POW distribution where anyone can mine. It is very likely (based upon the evidence) that between 5-9 users control most of the stake with NxT which is very troubling and why most people are apprehensive about getting involved with NxT. But it does have first mover advantage. The first 100% PoS coin (no bitcoin clone), the first with a functioning Asset Exchange, decentralized Marketplace, Monetary System, etc. ICO is only 'questionable' in the eyes of miners that are angry they couldn't mine the shit out of it. Actually, there are some disadvantages if distribution is too even and there are no whales. There's less innovation, less sponsors, etc, mentioned in the NEM discussion iirc. Quote This will continue haunt them just like Paycoin, Dash, Maidsafecoin and many other coins that didn't have a fair launch. There's no such thing as a 'fair' launch. Is 1000 people fair? Is 10000 people fair? How about 5 billion people?Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 02:53:40 PM NXT is more like the Linux of crypto. Odd comparison to make as linux has extensive adoption, acceptance and development support from many large private companies. "Linux" is found within most consumer devices these days in one form or another. the first with a functioning Asset Exchange, decentralized Marketplace, Monetary System, False, false and false. I suppose the other first examples don't classify as functional in your opinion despite them functioning.There's no such thing as a 'fair' launch. Is 1000 people fair? Is 10000 people fair? How about 5 billion people? One great thing about PoW is that it allows for a fair and controlled distribution. Any ICO allows for shill accounts to distort distribution and than there is the added problem of the last minute change in NxT's ICO(Like was done with maidsafe coin) compounding the problem. Title: Re: Why is NXT not the number 2 coin? Post by: Daedelus on April 25, 2015, 03:12:04 PM It has been a while inbitwetrust :D too many people badmouthing btc again? ;D
No new arguments I see, shame. But I'll get my popcorn... ;D Title: Re: Why is NXT not the number 2 coin? Post by: TheMage on April 25, 2015, 03:41:45 PM Why is NXT not the number 2 coin? Why does it have to be a measure of penis's around here (or is it peni)? So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying? I'm not saying that at all! Instead of stating in the threat title "why arent we number two" how about celebrating what accomplishments that NXT has done? Hence the measure of penis comment. Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 03:55:46 PM No new arguments I see, shame. But I'll get my popcorn... ;D Why would there be new arguments when the same problems persist and are getting worse? Instead of stating in the threat title "why arent we number two" how about celebrating what accomplishments that NXT has done? I like some of the improvements in POS security NxT has implemented with slowly migrating to a TaPoS mechanism. Ethereum has some neat ideas as well that look more promising than NxT. Really cool when we can start to roll some of these into a BTC wallet or protocol itself. Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on April 25, 2015, 05:07:08 PM im betting on the platform... not the coin.
Title: Re: Why is NXT not the number 2 coin? Post by: Daedelus on April 25, 2015, 06:19:58 PM No new arguments I see, shame. But I'll get my popcorn... ;D Why would there be new arguments when the same problems persist and are getting worse? Links pls? https://i.imgur.com/Kahuo5A.gif Title: Re: Why is NXT not the number 2 coin? Post by: EvilDave on April 25, 2015, 06:54:16 PM NXT is more like the Linux of crypto. Odd comparison to make as linux has extensive adoption, acceptance and development support from many large private companies. "Linux" is found within most consumer devices these days in one form or another. The answer is: pretty much f**k-all, apart from an annoyingly vocal group of open-source nerds who were claiming to have the best OS evah! Sound familiar......? Never forget, we are still a very, very long way from having a mature crypto-currency ecosystem and economy, so a lot of interesting stuff can (and will) happen over the next 5-10 years. Title: Re: Why is NXT not the number 2 coin? Post by: EvilDave on April 25, 2015, 07:00:44 PM One great thing about PoW is that it allows for a fair and controlled distribution. Any ICO allows for shill accounts to distort distribution and than there is the added problem of the last minute change in NxT's ICO(Like was done with maidsafe coin) compounding the problem. This is an issue, but shill accounts can be kept to an acceptable limit through the requirement of purchasing an initial stake rather than giving the ICO stakes away for free. NEM took the latter road and it's clear by now how things have turned out for those idiots. Their own leader, the now-forgotten UtopianFuture, accidentally signed a post from one of his own shill accounts by his UtopianFuture name, mistakenly thinking he was signed into his main account, and went down in utter disgrace. But since NXT stakes had to be purchased with bitcoin one could not simply multiply their stakes limited only by how many new accounts they could manage to create. Anyone who wanted multiple NXT stakes would have had to pay real money for them and I doubt many would have wanted to risk more than 1 BTC on something most people saw as a simple scam at time of ICO. This is why I think the number of original stake-holders is much higher than the low-ball estimates NXT's critics are always repeating, which range from 2-10. Anyway there's no way to know the exact number. Was the ICO perfect? No. Is it a critical flaw in the NXT ecosystem? I don't think so. If NXT has a lot of valuable features to offer the crypto world I'd say those features outway any unfairness in ICO. I'm not that bothered if a few lucky or smart folks get rich off of unfair ICO, if NXT allows me to use a decentralized marketplace, currency exchange, voting system etc. I'll use it just because it's useful to me. If enough other people see it that way NXT will take off big! Allowing for the crappy punctuation, this makes a lot of sense. At the time of the initial Nxt ICO/IPO/distribution, no-one gave a rats bottom about BCNext and his silly Java project, so I'm pretty sure that no-one would have bothered making shill accounts to waste even more BTC by throwing it at Nxt. It was only after Nxts launch and immediate success that people started to play the ICO game and it became seen as worthwhile to create multiple puppet accounts for every single IPO that came along. Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 07:30:25 PM One great thing about PoW is that it allows for a fair and controlled distribution. Any ICO allows for shill accounts to distort distribution and than there is the added problem of the last minute change in NxT's ICO(Like was done with maidsafe coin) compounding the problem. This is an issue, but shill accounts can be kept to an acceptable limit through the requirement of purchasing an initial stake rather than giving the ICO stakes away for free. NEM took the latter road and it's clear by now how things have turned out for those idiots. Their own leader, the now-forgotten UtopianFuture, accidentally signed a post from one of his own shill accounts by his UtopianFuture name, mistakenly thinking he was signed into his main account, and went down in utter disgrace. But since NXT stakes had to be purchased with bitcoin one could not simply multiply their stakes limited only by how many new accounts they could manage to create. Anyone who wanted multiple NXT stakes would have had to pay real money for them and I doubt many would have wanted to risk more than 1 BTC on something most people saw as a simple scam at time of ICO. This is why I think the number of original stake-holders is much higher than the low-ball estimates NXT's critics are always repeating, which range from 2-10. Anyway there's no way to know the exact number. Was the ICO perfect? No. Is it a critical flaw in the NXT ecosystem? I don't think so. If NXT has a lot of valuable features to offer the crypto world I'd say those features outway any unfairness in ICO. I'm not that bothered if a few lucky or smart folks get rich off of unfair ICO, if NXT allows me to use a decentralized marketplace, currency exchange, voting system etc. I'll use it just because it's useful to me. If enough other people see it that way NXT will take off big! I agree that it was unlikely that the shill accounts came from investors. If I created an alt with a couple partners I would have taken some of my own BTC and invested it across many shill accounts to make it appear that the distribution is greater than appeared. It is impossible to know an exact number. Minimum would be around 5 controlling over 50% stake and max 73. Our estimates of 5-9 is a very rough guess judging from initial blockchain distribution graphs (which were subsequently removed because they were far too granular. https://nxtblocks.info/#section/blockexplorer_distribution shows a rougher approximation with the highest category being between 1 million and a billion where a previous breakdown reflecting only a handfull accounts between the 10 million and billion. This data wasn't coming from Nxt "haters" but the NxT blockchain itself. Of course Nxt proponents will always claim that most of the initial coins have been sold off to new investors and distribution is much better now. The problem with this thinking is that there doesn't exist any evidence to support this and some good evidence to show that there hasn't been a rush of new investors into the Nxt Ecosystem. You want some evidence. Look at the Nxt Forum.... keep in mind that someone investing in Nxt is far more likely to participate in Nxt forum than bitcoin because it is an obscure and niche alt where you really have to be involved to own some. https://nxtforum.org/ Most Online Today: 134. Most Online Ever: 509 (August 15, 2014, 01:19:36 pm) This includes shill accounts as well reflecting a very small community. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on April 25, 2015, 08:22:53 PM I agree that it was unlikely that the shill accounts came from investors. If I created an alt with a couple partners I would have taken some of my own BTC and invested it across many shill accounts to make it appear that the distribution is greater than appeared. It is impossible to know an exact number. Minimum would be around 5 controlling over 50% stake and max 73. Our estimates of 5-9 is a very rough guess judging from initial blockchain distribution graphs (which were subsequently removed because they were far too granular. https://nxtblocks.info/#section/blockexplorer_distribution shows a rougher approximation with the highest category being between 1 million and a billion where a previous breakdown reflecting only a handfull accounts between the 10 million and billion. You are assuming that BCNext was a liar, cheater and thief. Imo, from what I have read, inquired and experienced this was not the case. I'd like anyone who believes otherwise to run a taint analysis on the NXT funding address. I think it is pretty obvious that BCNext was an idealist and not out to make as much money as possible by scamming others because he limited donations to 21 BTC. Your belief of mining being more "fair" than a crowdsale is imo not accurate. With mining a currency, you are simply abstracting the crowdsale from the coin and sending your money to the hardware manufacturers and electricity providers. That doesn't make it more "fair". There will always be people with more money who can purchase more mining hardware and pay a larger electric bill. Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 08:35:02 PM I get what you're saying and I don't know if there's a way to disprove that in a factual way. If BCNext and a few partners created a bunch of shill accounts and sent bitcoins to the ICO address they would have been paying the money to themselves and not really spending their money. However, that just doesn't seem plausible to me in the case of NXT, the whole thing from the get-go just doesn't seem like a scam. If it were a scam you'd think the whale accounts would have dumped most of their NXT by now, especially during that big pump when the NXT market cap shot up to $100 million. But instead they've held onto most of their NXT all this time. Why would they have done that if they were just running a scam and trying to cash in? Scam-coins tend to be clone coins with lazy coding, why put so much work into developing real features, which they did from the very beginning by writing entirely original code for the first all-POS crypto. And the dev team has been active ever since. All that evidence suggests to me that whoever started NXT was serious about making a crypto of real value and not just a get-rich-quick scheme. Why develop all these features if you're just looking to make a quick buck. I guess it is possible that they did both: develop a real crypto AND scam investors by setting up shill accounts. Who knows? But to me that's really not the issue. The real issue is whether NXT is a quality altcoin with valuable features. Even if there were some shady dealings going on there's really no denying the quality and originality of the platform. This is completely ignoring my comments or the topic of the thread. I haven't called NxT a scam coin. In fact I have been defending NxT for sometime claiming that it appears not to be a scamcoin based upon the dedication of a small team of developers. What is undeniable is NXT is capitulating and dieing(Even compared to BTC crashing which has been drastic) . This can be proven by the numbers even if you add in all the assets to paint the most favorable outcome for the NxT ecosystem. The ICO isn't the most important concern but is a real one that one should consider when investing in NxT and its future potential. Additionally , while Nxt does have much better development than many alts , it is pathetic compared to all the development from a software and hardware side in the Bitcoin ecosystem. Don't drink the marketing koolaid and compare the NxT wallet to Bitcoin QT. Bitcoin is much bigger than that with many projects and many hardware and software implementations.. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on April 25, 2015, 08:43:54 PM The ICO isn't the most important concern but is a real one that one should consider when investing in NxT and its future potential. Additionally , while Nxt does have much better development than many alts , it is pathetic compared to all the development from a software and hardware side in the Bitcoin ecosystem. Don't drink the marketing koolaid and compare the NxT wallet to Bitcoin QT. Bitcoin is much bigger than that with many projects and many hardware and software implementations.. BTC would be great if it wasn't centralized and its security wasn't dominated by the mining conglomerates instead of the currency holders Title: Re: Why is NXT not the number 2 coin? Post by: rtrtcrypto on April 25, 2015, 08:48:53 PM Dying? Based on what? Coin market cap? The network is PoS and tokens change hands much slower than PoW, the network is secure and will remain secure even if things slow down even further. You seem to compare everything to BTC and only that - yes, BTC is ahead, but it doesn't and won't do all the things other platforms are going to do in the future. This won't be a zero sum game.
You don't seem close enough to the NXT ecosystem to realize that things are happening outside of crypto and outside of the purview of this forum. For NXT, it is barely past year 1, calm yourself. The pace is extremely fast and impressive when you really think about it. Where are your "numbers proving death"??? Sometimes I wonder, if you (and people like you) weren't invested in BTC and worried about your own investment, would you write the things you write? How much of this is pure self-defense? I get what you're saying and I don't know if there's a way to disprove that in a factual way. If BCNext and a few partners created a bunch of shill accounts and sent bitcoins to the ICO address they would have been paying the money to themselves and not really spending their money. However, that just doesn't seem plausible to me in the case of NXT, the whole thing from the get-go just doesn't seem like a scam. If it were a scam you'd think the whale accounts would have dumped most of their NXT by now, especially during that big pump when the NXT market cap shot up to $100 million. But instead they've held onto most of their NXT all this time. Why would they have done that if they were just running a scam and trying to cash in? Scam-coins tend to be clone coins with lazy coding, why put so much work into developing real features, which they did from the very beginning by writing entirely original code for the first all-POS crypto. And the dev team has been active ever since. All that evidence suggests to me that whoever started NXT was serious about making a crypto of real value and not just a get-rich-quick scheme. Why develop all these features if you're just looking to make a quick buck. I guess it is possible that they did both: develop a real crypto AND scam investors by setting up shill accounts. Who knows? But to me that's really not the issue. The real issue is whether NXT is a quality altcoin with valuable features. Even if there were some shady dealings going on there's really no denying the quality and originality of the platform. This is completely ignoring my comments or the topic of the thread. I haven't called NxT a scam coin. In fact I have been defending NxT for sometime claiming that it appears not to be a scamcoin based upon the dedication of a small team of developers. What is undeniable is NXT is capitulating and dieing(Even compared to BTC crashing which has been drastic) . This can be proven by the numbers even if you add in all the assets to paint the most favorable outcome for the NxT ecosystem. The ICO isn't the most important concern but is a real one that one should consider when investing in NxT and its future potential. Additionally , while Nxt does have much better development than many alts , it is pathetic compared to all the development from a software and hardware side in the Bitcoin ecosystem. Don't drink the marketing koolaid and compare the NxT wallet to Bitcoin QT. Bitcoin is much bigger than that with many projects and many hardware and software implementations.. Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 08:49:58 PM BTC would be great if it wasn't centralized and its security wasn't dominated by the mining conglomerates instead of the currency holders This is a fair criticism of Bitcoin but one that can possibly be overcome with solutions like the Lightning Protocol, ASIC appliances, and other algorithms being introduced to change the incentives. There some core developers who even think PoW should be migrated away from, others think a hybrid approach can be adopted, others believe that the laws of thermodynamics and economics will naturally solve the mining centralization dilemma. You are assuming that BCNext was a liar, cheater and thief. Imo, from what I have read, inquired and experienced this was not the case. I'd like anyone who believes otherwise to run a taint analysis on the NXT funding address. I think it is pretty obvious that BCNext was an idealist and not out to make as much money as possible by scamming others because he limited donations to 21 BTC. You are straw manning my position and I made such a claim. If I were to make an educated guess I would suggest that BCNext and a few other developers/partners decided to spread multiple investments across several accounts for multiple reasons. Protecting their privacy and insuring the best chance of success of their project they believed in. Humans can rationalize certain behaviors and believe they are doing the right thing at the same time. Additionally, all it would take is one of the early partners /devs to create a bunch of shill investment accounts, who suggested it had to be BCNext ? Your belief of mining being more "fair" than a crowdsale is imo not accurate. With mining a currency, you are simply abstracting the crowdsale from the coin and sending your money to the hardware manufacturers and electricity providers. That doesn't make it more "fair". There will always be people with more money who can purchase more mining hardware and pay a larger electric bill. By wasting resources on hardware and electricity you can make it very difficult for a few people to corner the market. It is no longer just about who has the most capital to buy the hardware and electricity but who can develop the fastest chips, who can cool the chips the best, who can find the cheapest space , who can contract the best support staff to maintain the hardware, who can source the cheapest electricity(notice all those poor chinese mining Bitcoin... why isn't all mining centralized in the US where most early bitcoin users came from and all the money is located?) Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 09:03:37 PM Dying? Based on what? Coin market cap? The network is PoS and tokens change hands much slower than PoW, the network is secure and will remain secure even if things slow down even further. You seem to compare everything to BTC and only that - yes, BTC is ahead, but it doesn't and won't do all the things other platforms are going to do in the future. This won't be a zero sum game. You don't seem close enough to the NXT ecosystem to realize that things are happening outside of crypto and outside of the purview of this forum. For NXT, it is barely past year 1, calm yourself. The pace is extremely fast and impressive when you really think about it. Where are your "numbers proving death"??? Sometimes I wonder, if you (and people like you) weren't invested in BTC and worried about your own investment, would you write the things you write? How much of this is pure self-defense? I don't own many bitcoins and only started investing in 2013, but of course I am biased towards Bitcoin. I mined Litecoin early on and was a supporter of litecoin/namecoin ... some other alts interest me like primecoin, curecoin, and ethereum. I am not a bitcoin maximalist or die hard PoW proponent. If you read my post history I have advocated for hybrid algo approaches of TaPoS/PoW. The numbers I speak about do include coin market cap, but also include many other variables like search interest, traffic, and the fierce competition that is coming NxT's direction from other projects. I do agree that NxT has done nicely compared to most alts in such a short amount of time. This isn't going to be good enough when you have thousands of developers working on bitcoin and over 675 million in VC funding backing the development. This is an insurmountable problem Nxt and other cryptocurrencies are facing. I don't believe NXT is going anywhere any time soon, but will continue to slowly capitulate as it has over the last year. Expect some more corporate coins and ethereum to overtake the mindshare above Nxt in the coming 2 years or perhaps some govcoin being introduced. Alts are here to stay but are likely to remain fringe interests with small communities and many popping into existence overtaking older ones. Paycoin was one of the first corporate coins being foisted upon the ecosystem by a multimillion dollar company. This turned out to be a scamcoin , but imagine what happens when amazon/IBM/Microsoft/ect... release their coins? They are working on them right now and may even give bitcoin a run for its money and topple it from the top. Do you really think one of these companies will waste their time with buying up all the tokens off NxT bagholders when they can simply take Nxt's code , Bitcoin code, and build off it? Title: Re: Why is NXT not the number 2 coin? Post by: rtrtcrypto on April 25, 2015, 09:08:36 PM How many BTC do you own and how significant is that to your total net worth? Can you just answer that so we can stop this conversation after seeing the real motive(s) behind your position?
As to your last point, The "poor" Chinese who are setting up million dollar farms? Mining BTC is directly related to how much capital you have to invest in mining - any other positive factors in your favor will be down to luck related factors (cost of labor in your location, cost of electricity, etc). I like BTC a lot, I bet on BTC as well, but I'm not afraid of other protocols. In the case of NXT, I welcome a protocol trying to do something worthwhile that can extend the crypto space and its utility. Your problem is that you keep rambling on with "educated guesses" and "estimations"... BTC would be great if it wasn't centralized and its security wasn't dominated by the mining conglomerates instead of the currency holders This is a fair criticism of Bitcoin but one that can possibly be overcome with solutions like the Lightning Protocol, ASIC appliances, and other algorithms being introduced to change the incentives. There some core developers who even think PoW should be migrated away from, others think a hybrid approach can be adopted, others believe that the laws of thermodynamics and economics will naturally solve the mining centralization dilemma. You are assuming that BCNext was a liar, cheater and thief. Imo, from what I have read, inquired and experienced this was not the case. I'd like anyone who believes otherwise to run a taint analysis on the NXT funding address. I think it is pretty obvious that BCNext was an idealist and not out to make as much money as possible by scamming others because he limited donations to 21 BTC. You are straw manning my position and I made such a claim. If I were to make an educated guess I would suggest that BCNext and a few other developers/partners decided to spread multiple investments across several accounts for multiple reasons. Protecting their privacy and insuring the best chance of success of their project they believed in. Humans can rationalize certain behaviors and believe they are doing the right thing at the same time. Additionally, all it would take is one of the early partners /devs to create a bunch of shill investment accounts, who suggested it had to be BCNext ? Your belief of mining being more "fair" than a crowdsale is imo not accurate. With mining a currency, you are simply abstracting the crowdsale from the coin and sending your money to the hardware manufacturers and electricity providers. That doesn't make it more "fair". There will always be people with more money who can purchase more mining hardware and pay a larger electric bill. By wasting resources on hardware and electricity you can make it very difficult for a few people to corner the market. It is no longer just about who has the most capital to buy the hardware and electricity but who can develop the fastest chips, who can cool the chips the best, who can find the cheapest space , who can contract the best support staff to maintain the hardware, who can source the cheapest electricity(notice all those poor chinese mining Bitcoin... why isn't all mining centralized in the US where most early bitcoin users came from and all the money is located?) Title: Re: Why is NXT not the number 2 coin? Post by: rtrtcrypto on April 25, 2015, 09:13:40 PM Ok, let's leave it at that then...
We will watch the space and see what develops. I am interested in Ethereum as well, I am not here to protect any one pet project/coin. I think you are not appreciating just how much of an advantage NXT has at this point - you will appreciate this more as other projects try to launch and DO launch. There are many problems ahead for the entire space, it will be a pain to grow through this - staying alive and having code that doesn't blow up on you will be HUGE. NXT has shown that it is stable and functions as intended. As time passes, I think this will become a bigger and bigger deal. Dying? Based on what? Coin market cap? The network is PoS and tokens change hands much slower than PoW, the network is secure and will remain secure even if things slow down even further. You seem to compare everything to BTC and only that - yes, BTC is ahead, but it doesn't and won't do all the things other platforms are going to do in the future. This won't be a zero sum game. You don't seem close enough to the NXT ecosystem to realize that things are happening outside of crypto and outside of the purview of this forum. For NXT, it is barely past year 1, calm yourself. The pace is extremely fast and impressive when you really think about it. Where are your "numbers proving death"??? Sometimes I wonder, if you (and people like you) weren't invested in BTC and worried about your own investment, would you write the things you write? How much of this is pure self-defense? I don't own many bitcoins and only started investing in 2013, but of course I am biased towards Bitcoin. I mined Litecoin early on and was a supporter of litecoin/namecoin ... some other alts interest me like primecoin, curecoin, and ethereum. I am not a bitcoin maximalist or die hard PoW proponent. If you read my post history I have advocated for hybrid algo approaches of TaPoS/PoW. The numbers I speak about do include coin market cap, but also include many other variables like search interest, traffic, and the fierce competition that is coming NxT's direction from other projects. I do agree that NxT has done nicely compared to most alts in such a short amount of time. This isn't going to be good enough when you have thousands of developers working on bitcoin and over 675 million in VC funding backing the development. This is an insurmountable problem Nxt and other cryptocurrencies are facing. I don't believe NXT is going anywhere any time soon, but will continue to slowly capitulate as it has over the last year. Expect some more corporate coins and ethereum to overtake the mindshare above Nxt in the coming 2 years or perhaps some govcoin being introduced. Alts are here to stay but are likely to remain fringe interests with small communities and many popping into existence overtaking older ones. Paycoin was one of the first corporate coins being foisted upon the ecosystem by a multimillion dollar company. This turned out to be a scamcoin , but imagine what happens when amazon/IBM/Microsoft/ect... release their coins? They are working on them right now and may even give bitcoin a run for its money and topple it from the top. Do you really think one of these companies will waste their time with buying up all the tokens off NxT bagholders when they can simply take Nxt's code , Bitcoin code, and build off it? Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 09:15:15 PM How many BTC do you own and how significant is that to your total net worth? Can you just answer that so we can stop this conversation after seeing the real motive(s) behind your position? Not many BTC ... and my Bitcoin savings makes less than 1% of my total assets. I am more interesting in Bitcoin for political and philosophical reasons than investment ones. Your problem is that you keep rambling on with "educated guesses" and "estimations"... I'm citing facts, providing evidence, and qualifying my statements. One has to be careful when dealing with the murky world of pseudonymous blockchains and untested ideas. NXT has shown that it is stable and functions as intended. As time passes, I think this will become a bigger and bigger deal. I believe you are grossly underestimating the threats and competition in this marketspace. We haven;t even begun to see what a well oiled marketing machine from a large respected company or group of companies can do in the crypto currency space. There are already a consortium of technology companies hiring fintech devs and other technologists. They have the distribution channels , have the branding, and make the hardware. Title: Re: Why is NXT not the number 2 coin? Post by: rtrtcrypto on April 25, 2015, 09:39:21 PM Ok, then let's expand on these points:
Who are the large players? IBM and Samsung? Teaming up with Ethereum? 21 and Qualcomm. Who else? I want in on that too. So, which companies that are still in semi stealth mode? Which private companies do you have in mind? My goal is to have a piece of it all, where possible. How many BTC do you own and how significant is that to your total net worth? Can you just answer that so we can stop this conversation after seeing the real motive(s) behind your position? Not many BTC ... and my Bitcoin savings makes less than 1% of my total assets. I am more interesting in Bitcoin for political and philosophical reasons than investment ones. Your problem is that you keep rambling on with "educated guesses" and "estimations"... I'm citing facts, providing evidence, and qualifying my statements. One has to be careful when dealing with the murky world of pseudonymous blockchains and untested ideas. NXT has shown that it is stable and functions as intended. As time passes, I think this will become a bigger and bigger deal. I believe you are grossly underestimating the threats and competition in this marketspace. We haven;t even begun to see what a well oiled marketing machine from a large respected company or group of companies can do in the crypto currency space. There are already a consortium of technology companies hiring fintech devs and other technologists. They have the distribution channels , have the branding, and make the hardware. Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 09:53:26 PM Ok, then let's expand on these points: Who are the large players? IBM and Samsung? Teaming up with Ethereum? 21 and Qualcomm. Who else? I want in on that too. So, which companies that are still in semi stealth mode? Which private companies do you have in mind? My goal is to have a piece of it all, where possible. From a strategic perspective it may be a good idea to spread some investments around if you are just interesting in making money. As I said before , profit is a secondary motivation for me. Nxt wouldn't IMHO be a wise investment however because you can expect bag holders selling off coins to exceed adoption, especially because there are so many "shiny new toys" coming out. IBM , samsung , Cisco, GE, Microsoft, Google, Amazon,Qualcomm , Skyworks Solutions are a few examples that are investing millions into their own future tokens. Additionally, expect some financial companies to roll out some new products and possibly a government coin or other black swan events. NxT and other alts will look like jokes compared to what is going to be introduced. Bitcoin may be toppled but has a good chance of hanging on as a fringe collectors coin , or anarchist coin , or the defacto alt when one needs to launder money or buy illegal items through decentralized marketplaces. Yes, I am saying that right ... bitcoin may become an "alt". Title: Re: Why is NXT not the number 2 coin? Post by: habraken on April 25, 2015, 10:01:05 PM NxT and other alts will look like jokes compared to what is going to be introduced. Bitcoin may be toppled but has a good chance of hanging on as a fringe collectors coin , or anarchist coin , or the defacto alt when one needs to launder money or buy illegal items through decentralized marketplaces. Yes, I am saying that right ... bitcoin may become an "alt". :D! You're funny. Title: Re: Why is NXT not the number 2 coin? Post by: rtrtcrypto on April 25, 2015, 10:02:47 PM I don't share in your vision, I don't think centralized coins will be able to capture this space in the manner you envision it. Consider the size of the BTC network - no company can compete with something that large, period. So, they have to convince people to jump over to their corporate coin - I think you can do that to a certain degree, but, I envision other serious problems for these large centralized systems.
I think IBM and Qualcomm will benefit a lot from BTC and Ethereum and other decentralized protocols - but I don't think they can centralize those mechanisms and have them scale as intended. I think Amazon and Google should be very worried, in fact, I think these open protocols are going to destroy their profits in cloud computing. Consider Amazon went up 15%+ yesterday on good news regarding their cloud services and its future - that future in my estimation is BLEAK. BTC like protocols are going to DESTROY that revenue stream. The music industry is much more powerful than joe schmoe, but, they got railroaded by decentralized file sharing. Why didn't they just throw their money and influence at that problem and win the day? Much as you are suggesting other companies will do in this space? This is such a shift, companies are going to have a hard time keeping up with decentralized systems - their shareholders won't allow them to jump into the space fast enough. THEY have to piggyback onto these open protocols to enter the space - not the other way around. Ok, then let's expand on these points: Who are the large players? IBM and Samsung? Teaming up with Ethereum? 21 and Qualcomm. Who else? I want in on that too. So, which companies that are still in semi stealth mode? Which private companies do you have in mind? My goal is to have a piece of it all, where possible. From a strategic perspective it may be a good idea to spread some investments around if you are just interesting in making money. As I said before , profit is a secondary motivation for me. IBM , samsung , Cisco, GE, Microsoft, Google, Amazon,Qualcomm , Skyworks Solutions are a few examples that are investing millions into their own future tokens. Additionally, expect some financial companies to roll out some new products and possibly a government coin or other black swan events. NxT and other alts will look like jokes compared to what is going to be introduced. Bitcoin may be toppled but has a good chance of hanging on as a fringe collectors coin , or anarchist coin , or the defacto alt when one needs to launder money or buy illegal items through decentralized marketplaces. Yes, I am saying that right ... become may become an "alt". Title: Re: Why is NXT not the number 2 coin? Post by: Daedelus on April 25, 2015, 10:09:02 PM http://weknowgifs.com/wp-content/uploads/2013/03/dear-eating-popcorn-gif.gif
Do your research and you will find 14 August 2014 were very interesting times. Times we don't see often, fortunately ;D Definitely an outlier, if these stats mean anything. Nxtforum publishes these stats for every day of its existence if anyone is really bored. Title: Re: Why is NXT not the number 2 coin? Post by: EvilDave on April 25, 2015, 10:31:52 PM Hmmmmm.....I like IBWTs input here, it's good/interesting to hear how non-NXT'ers actually see NXT, and there is some truth in what he/she is saying.
The one point I really do want to take issue with: Nxt is a long way from dormant. There are a lot of people working their asses off on both the tech side and, to a lesser extent, on marketing and business development. You can see the technical development very clearly: Current MainNet client (https://nxtforum.org/nrs-releases/nrs-v1-4-17/) Current TestNet/Experimental client (https://nxtforum.org/nrs-releases/nrs-v1-5-4e/) Windows Installer (experimental) (https://nxtforum.org/nrs-releases/nrs-v1-5-4e/msg175518/#msg175518) As Nxt is devoting a lot of energy to marketing (and bizdev) outside the crypto scene, much of that marketing effort simply never gets seen on BTT, and that goes double for the bizdev, as most of that is operating under confidentiality agreements. Not to mention the fact that Nxt has developed a philosophy of only announcing stuff when it's actually ready, and not trying for short term gain by hyping 'potential' features (mostly ;D ) As an example, the moment that any crypto gets to talk to a bank.........it gets hyped. I know that right now there are a couple of major players in the banking world (and one minor) sniffing around NXT. But as I have absolutely no idea how these contacts are going to play out, there is no sense in hyping them yet. So, to the outside world......it looks like nothing happening. The deal with Jetcoin (which I am allowed to mention, just not very loudly) could also lead to some very interesting developments. This is , btw, something that Nxt has been looking at/involved with for almost 9 months now.....this is a normal timescale for initial exploration and set-up for a mainstream project, but it seems like forever in crypto time. This accelerated timescale within crypto is yet another reason that Nxt seems to move slowly: entire currencies have risen, got pumped and died in the time it takes Nxt to organise a community barbeque. Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 25, 2015, 10:54:31 PM The one point I really do want to take issue with: Nxt is a long way from dormant. There are a lot of people working their asses off on both the tech side and, to a lesser extent, on marketing and business development. Agreed, NxT has accomplished a lot with so few developers and people involved. The same could be said with Bitshares. I have problems and praise for both projects. Not to mention the fact that Nxt has developed a philosophy of only announcing stuff when it's actually ready, and not trying for short term gain by hyping 'potential' features (mostly ;D ) Underpromise and over deliver is a good strategy. Somewhat what I have seen with NxT , but than again there was a long time I was begging for a whitepaper for all the magical security improvements that were promised and still have not seen a final whitepaper for transparent forging. Has a final proposal been released yet or are you guys still working on the draft? This is an over hyped feature that NxT users brag about where they should probably wait for at least a final whitepaper and moment of time for us to read and analyze it before pumping it as the next cure all. I know that right now there are a couple of major players in the banking world (and one minor) sniffing around NXT. But as I have absolutely no idea how these contacts are going to play out, there is no sense in hyping them yet. So, to the outside world......it looks like nothing happening. The banks will court NxT developers, steal their ideas , get some free advice and work out of them and perhaps scalp one... they will never adopt NxT... just look what happened with overstock and counterparty. They will want to control their coin and create their own ICO. I don't support the corporate coins or centralized government coins which will start rolling out into existence , but also see that they are a real threat as our ecosystem is still extremely fragile. It is this acknowledgement which is probably the driving force for many Bitcoin supporters to dissuade people for investing in alts and to focus everything on bitcoin as there are some real and dangerous threats to some of our shared ideals. Another part of me really appreciates alts that provide genuine development as they are excellent test beds for new features and there is nothing like testing the security of the protocol or new features with millions of dollars at stake and which cannot completely be replicated in a testcoin or localhost environment. Title: Re: Why is NXT not the number 2 coin? Post by: the joint on April 26, 2015, 02:18:45 AM I think it's mostly due to first-mover advantage, and due to the community's perception that Bitcoin is "good enough." Not just that. VC's are pumping millions (and soon to be billions) in Bitcoin related start ups. Agreed. Generally, I would have grouped this in with the first-mover advantage. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on April 26, 2015, 04:10:14 AM BTC would be great if it wasn't centralized and its security wasn't dominated by the mining conglomerates instead of the currency holders This is a fair criticism of Bitcoin but one that can possibly be overcome with solutions like the Lightning Protocol, ASIC appliances, and other algorithms being introduced to change the incentives. There some core developers who even think PoW should be migrated away from, others think a hybrid approach can be adopted, others believe that the laws of thermodynamics and economics will naturally solve the mining centralization dilemma. Imo, Bitcoin will never be changed from PoW. You are assuming that BCNext was a liar, cheater and thief. Imo, from what I have read, inquired and experienced this was not the case. I'd like anyone who believes otherwise to run a taint analysis on the NXT funding address. I think it is pretty obvious that BCNext was an idealist and not out to make as much money as possible by scamming others because he limited donations to 21 BTC. You are straw manning my position and I made such a claim. If I were to make an educated guess I would suggest that BCNext and a few other developers/partners decided to spread multiple investments across several accounts for multiple reasons. Protecting their privacy and insuring the best chance of success of their project they believed in. Humans can rationalize certain behaviors and believe they are doing the right thing at the same time. Additionally, all it would take is one of the early partners /devs to create a bunch of shill investment accounts, who suggested it had to be BCNext ? All economic systems gravitate towards 20% of the participates controlling 80% of the wealth. Personally from what I've seen, it's my opinion that the initial distribution was spread between separate entities. I cannot prove this, but you can't prove your allegation either. Your belief of mining being more "fair" than a crowdsale is imo not accurate. With mining a currency, you are simply abstracting the crowdsale from the coin and sending your money to the hardware manufacturers and electricity providers. That doesn't make it more "fair". There will always be people with more money who can purchase more mining hardware and pay a larger electric bill. By wasting resources on hardware and electricity you can make it very difficult for a few people to corner the market. It is no longer just about who has the most capital to buy the hardware and electricity but who can develop the fastest chips, who can cool the chips the best, who can find the cheapest space , who can contract the best support staff to maintain the hardware, who can source the cheapest electricity(notice all those poor chinese mining Bitcoin... why isn't all mining centralized in the US where most early bitcoin users came from and all the money is located?) Any government or large corporate entity could take control of the Bitcoin blockchain in an instant. Title: Re: Why is NXT not the number 2 coin? Post by: TaunSew on April 26, 2015, 10:04:45 AM NXT saw its' last hurrah and rebound when JustaBit / John said NXT would be going on CoinBase and then it never happened. I'ld imagine the emotion behind that one was probably similar for Litecoin when Charlie Lee accepted a job at CoinBase, but Litecoin was never added and subsequently has been going into the abyss ever since.
Technically speaking, all the faith people put into CoinBase is such where, if CoinBase added any alternate then that alternate would probably go to #2 status overnight. For all the "allegations", liberally thrown at NXT and NEM and other projects, it possibly doesn't matter as BTC had countless allegations and documentable scams between 2009 and 2012 and it didn't prevent December 2013 from occurring or discourage Wells Fargo from looking into CryptoCurrency (MtGox in 2014 definitely discouraged them and this was irrecoverable damage and probably prevented a $10,000 Bitcoin but alas this is another subject). Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 26, 2015, 10:32:45 AM NXT saw its' last hurrah and rebound when JustaBit / John said NXT would be going on CoinBase and then it never happened. I'ld imagine the emotion behind that one was probably similar for Litecoin when Charlie Lee accepted a job at CoinBase, but Litecoin was never added and subsequently has been going into the abyss ever since. Technically speaking, all the faith people put into CoinBase is such where, if CoinBase added any alternate then that alternate would probably go to #2 status overnight. For all the "allegations", liberally thrown at NXT and NEM and other projects, it possibly doesn't matter as BTC had countless allegations and documentable scams between 2009 and 2012 and it didn't prevent December 2013 from occurring or discourage Wells Fargo from looking into CryptoCurrency (MtGox in 2014 definitely discouraged them and this was irrecoverable damage and probably prevented a $10,000 Bitcoin but alas this is another subject). Do you think they're looking at other options? Ripple, Bitshares or some other well funded altcoin project? I mean if BTC was enough to attract their interest then maybe they're trying to look for other options too...? Cryptocurrencies could be the next big thing to happen in the world of finance. Title: Re: Why is NXT not the number 2 coin? Post by: d5000 on April 26, 2015, 01:04:59 PM My opinion is that Nxt adoption in electronic commerce is still very low. That probably will not change until the main projects of the technology tree are implemented (smart contracts etc.) and the wallet can "stabilize", so merchants would not to have to update every month or so.
Long term I'm optimistic, but I don't expect to NXT to rise fastly in the next months. Title: Re: Why is NXT not the number 2 coin? Post by: sumantso on April 26, 2015, 01:11:08 PM Why is NXT not the number 2 coin?
'coz wishing it doesn't make it so. I am personally convinced that Bitshares is the dog's bollocks, but that is not preventing it from racing towards the abyss. Technology is only one part of the game, there are so many other factors involved. Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 26, 2015, 01:12:40 PM My opinion is that Nxt adoption in electronic commerce is still very low. That probably will not change until the main projects of the technology tree are implemented (smart contracts etc.) and the wallet can "stabilize", so merchants would not to have to update every month or so. Long term I'm optimistic, but I don't expect to NXT to rise fastly in the next months. Getting Merchants to accept Bitcoin is difficult enough , adopting an alt currency that no one has heard of is a whole new level of difficulty. Most merchants think that it isn't worth their time integrating Bitcoin for the potential 400k- 1 million Bitcoin regular users(not total investors). NxT users are far more speculative than Bitcoin right now thus there may only be a handful of potential clients willing to spend NxT worldwide. Title: Re: Why is NXT not the number 2 coin? Post by: d5000 on April 26, 2015, 01:22:26 PM Getting Merchants to accept Bitcoin is difficult enough , adopting an alt currency that no one has heard of is a whole new level of difficulty. Most merchants think that it isn't worth their time integrating Bitcoin for the potential 400k- 1 million Bitcoin regular users(not total investors). NxT users are far more speculative than Bitcoin right now thus there may only be a handful of potential clients willing to spend NxT worldwide. For now, you are right. But my theory is that a PoS coin will seriously threat Bitcoin's leadership in the cryptocurrency world in the coming years. Bitcoin's transaction costs are pretty high because of mining, only that for now the price boom has "hidden" this fact. Now probably we are seeing the actual bear market as a consequence of the freshly mined coins being sold. Nxt and other PoS coins don't have this problem and thus can offer smaller transaction costs. Title: Re: Why is NXT not the number 2 coin? Post by: Snail2 on April 26, 2015, 01:43:57 PM the first with a functioning Asset Exchange, decentralized Marketplace, Monetary System, False, false and false. I suppose the other first examples don't classify as functional in your opinion despite them functioning.Damn! I had the impression that AE is working. Then what the f**k I just have bought and where...:O?!? I also got some dividends... so you say it's all just an illusion :)? Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 26, 2015, 01:56:34 PM Damn! I had the impression that AE is working. Then what the f**k I just have bought and where...:O?!? I also got some dividends... so you say it's all just an illusion :)? What was fallacious about the statement was the "first functioning" part. Of course AE is functioning fine. I believe the true statement he posted was the fact that NxT was the first 100% PoS cryptocurrency. The rest of the claims are bogus. For now, you are right. But my theory is that a PoS coin will seriously threat Bitcoin's leadership in the cryptocurrency world in the coming years. Bitcoin's transaction costs are pretty high because of mining, only that for now the price boom has "hidden" this fact. Now probably we are seeing the actual bear market as a consequence of the freshly mined coins being sold. Nxt and other PoS coins don't have this problem and thus can offer smaller transaction costs. The lightning network will significantly reduce Tx costs on the bitcoin network, allow for instant confirmations, remove blockchain bloat, and allow Bitcoin to scale to Visa levels of TPS. Look into it: https://bitcointalk.org/index.php?topic=970822.0 http://www.coindesk.com/could-the-bitcoin-lightning-network-solve-blockchain-scalability/ There are some really smart people working on it and it really isn't that difficult to implement (soft fork and some Tx malleability corrections that need to be done anyways) Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on April 26, 2015, 02:04:26 PM Why is NXT not the number 2 coin? 'coz wishing it doesn't make it so. I am personally convinced that Bitshares is the dog's bollocks, but that is not preventing it from racing towards the abyss. Technology is only one part of the game, there are so many other factors involved. Title: Re: Why is NXT not the number 2 coin? Post by: ShroomsKit_Disgrace on April 26, 2015, 08:59:44 PM I am with NXT for the long haul. Long term success 95% sure.
Title: Re: Why is NXT not the number 2 coin? Post by: ExtremeFacials.com on April 27, 2015, 07:11:09 AM NXT isn't number 2 coin, coz it's number 1 coin. Not in price, but in true decentralization, and that will mean EVERYTHING when the global financial meltdown happens. The day fiat currencies and bank deposits etc start to vaporize before people's eyes is the day jo sixpack understands trustless consensus on a P2P network. Today 'Google coin' makes sense, but who'd 'trust' it after the crash? Nobody!!
NXt is decentralised enough to thrive despite being mostly ignored, and despite not going to the moon. But what happens when the global financial infrastructure is literally broken, and the vast majority of the western world are losing big chunks of their wealth daily? NXt will be a value life boat, coz when all other 'institutions' are gone what will be left standing in the eyes of the public? Not corp coins, but decentralised ones, and bitcoin is too centralised now. NXT wins when world fincancial system burns! Until then it just has to survive, and stay 100% decentralised. Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on April 27, 2015, 05:40:59 PM imo, ignore the coin. its where the features will pay for itself.
lets assume nxt never gets out of the .02-.05 usd range in the next 5-10 years and the devs continue building on top of the platform. what happens? i'd assume this is what might play out: 1. Since its POS coin. All coins exist. Which mean there is no added supply everyday like POW coins. Hence, true deflationary coin. Supply can only get less over time. This scenario happens to BTC once all coins are mined in the year 2140. 2. It's safe to say Demand will continue up over time, due to other devs jumping in to make use of the platform to create decentralized applications which require nxt to operate. 3. What might potentially happen is NXT the coin will stay at its price range, while Assets or MS coins within the system appreciate more than the coin itself. The play can very well be whats "inside" of NXT that is going to appreciate in value vs NXT the coin. This is something I feel other's aren't noticing and just blind sighted by NXT the coin itself. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on April 27, 2015, 07:28:21 PM imo, ignore the coin. its where the features will pay for itself. lets assume nxt never gets out of the .02-.05 usd range in the next 5-10 years and the devs continue building on top of the platform. what happens? i'd assume this is what might play out: 1. Since its POS coin. All coins exist. Which mean there is no added supply everyday like POW coins. Hence, true deflationary coin. Supply can only get less over time. This scenario happens to BTC once all coins are mined in the year 2140. 2. It's safe to say Demand will continue up over time, due to other devs jumping in to make use of the platform to create decentralized applications which require nxt to operate. 3. What might potentially happen is NXT the coin will stay at its price range, while Assets or MS coins within the system appreciate more than the coin itself. The play can very well be whats "inside" of NXT that is going to appreciate in value vs NXT the coin. This is something I feel other's aren't noticing and just blind sighted by NXT the coin itself. Increased user adoption of the NXT platform automatically means an increased price for NXT. The more txs on the network the more percentage wise each forger makes. Increased platform adoption creates a snowball effect of greater platform adoption thus ever increasing forging profits. Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on April 27, 2015, 08:27:21 PM i think many people believe that forging could be highly profitable like btc mining, but in reality it isn't as its only meant as a small incentive to keep the network up. yes it does enforce the idea of "the rich get richer", but not by much. I see it as the equivalent of recycling soda cans.... sure you'll make money, but it will take quite awhile before its anything significant. the question really comes down to what is the minimum viable amount to make it an incentive to support the network by setting up a node.
Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on April 28, 2015, 03:57:48 AM the question really comes down to what is the minimum viable amount to make it an incentive to support the network by setting up a node. Securing your existing investment and protecting your right as a currency holder to economic self-determination against centralized entities. If the NXT network produces a block every 100 seconds and each block is half full, the tx fees per day will be ~110k which amounts to over 40million NXT spent in tx fees per year. This amounts to a 4% profit per year for all forgers if everyone forges. 100% block utilization = 8% profit 50% block utilization = 4% profit 25% block utilization = 2% profit Title: Re: Why is NXT not the number 2 coin? Post by: d5000 on April 28, 2015, 04:43:52 AM For now, you are right. But my theory is that a PoS coin will seriously threat Bitcoin's leadership in the cryptocurrency world in the coming years. Bitcoin's transaction costs are pretty high because of mining, only that for now the price boom has "hidden" this fact. Now probably we are seeing the actual bear market as a consequence of the freshly mined coins being sold. Nxt and other PoS coins don't have this problem and thus can offer smaller transaction costs. The lightning network will significantly reduce Tx costs on the bitcoin network, allow for instant confirmations, remove blockchain bloat, and allow Bitcoin to scale to Visa levels of TPS. Look into it: https://bitcointalk.org/index.php?topic=970822.0 http://www.coindesk.com/could-the-bitcoin-lightning-network-solve-blockchain-scalability/ There are some really smart people working on it and it really isn't that difficult to implement (soft fork and some Tx malleability corrections that need to be done anyways) But this network does not erradicate the costs of mining. Because of the high costs, miners will mine only for profit. For now, they can make profit with the coins that are generated, but with the "cost" of a continous "natural" bear market because coins are sold and drive the price down. So there is actually a high "hidden transaction cost" still not reflected in TX fees. In some years, the block reward probably will not be enough for miners to be profitable, so miners will have to rise the minimum transaction fees. The only other scenario I can imagine is that miners massively will leave the boat and the system will become less secure because an attack is less costly. A price rally only postpones the problem to the future. Even the most steep rally some day will come to an end and then all these problems will appear with even more dramatic consequences. NXT, PPC, SLM, NEM, BTS and all the other PoS, PoB, PoI coins do not have this problem. NXT can offer 1-nxt-transaction fee forever and probably even less when price goes up. Title: Re: Why is NXT not the number 2 coin? Post by: inBitweTrust on April 28, 2015, 03:34:25 PM But this network does not erradicate the costs of mining. Because of the high costs, miners will mine only for profit. For now, they can make profit with the coins that are generated, but with the "cost" of a continous "natural" bear market because coins are sold and drive the price down. So there is actually a high "hidden transaction cost" still not reflected in TX fees. Yes , although the tx cost is being subsidized by speculators temporarily it simply is high because the 7tps limit and low tx volume. When the tx's start increasing multiple times over the cost of mining will be driven down substantially. Whether the price is brought down because the blocksize limit increasing, lightning network, interchannel payments, off the chain txs, or other solutions doesn't ultimately matter . Title: Re: Why is NXT not the number 2 coin? Post by: JackRipper on April 28, 2015, 03:46:29 PM Technology is only one part of the game, there are so many other factors involved. That's very true. People often don't care about the technology. Title: Re: Why is NXT not the number 2 coin? Post by: the joint on April 28, 2015, 06:16:48 PM Technology is only one part of the game, there are so many other factors involved. That's very true. People often don't care about the technology. I second this. The technical differences between various alts, and between alts and btc, is wholly insignificant right now. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on April 28, 2015, 07:52:20 PM Until one of those 'unimportant technical differences' enable a killer app for that cryptoplatform. Like eh... poker.
Title: Re: Why is NXT not the number 2 coin? Post by: box0211 on April 29, 2015, 03:23:47 AM or a decentralized torrent aggregator
Title: Re: Why is NXT not the number 2 coin? Post by: habraken on April 29, 2015, 05:39:28 AM or a decentralized torrent aggregator Something like they're trying to build here? https://nxtforum.org/general-discussion/nxttorrents-my-efforts-updates-and-need-help/Title: Re: Why is NXT not the number 2 coin? Post by: farl4web on July 06, 2015, 08:15:13 PM or a decentralized torrent aggregator Something like they're trying to build here? https://nxtforum.org/general-discussion/nxttorrents-my-efforts-updates-and-need-help/Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 06, 2015, 10:11:51 PM hands down..
its the most robust and feature rich crypto-currency platform as of today vs everything else... yes even bitshares, counterparty, ethereum (wth is it?) screw the coin...if your going to baby over the initial distribution... I'm betting on the platform.... The developers are smart to stay out of the spotlight and be anonymous when creating this monster... Can you imagine if ethereum or bitshares or ripple were to disrupt some big government agency or corporation? Who are they going to go after? Yes the transparent creators... we know who they are easily and they are a direct target... Look at Ripple getting in trouble with the SEC, now they are "forced" to collect user id data.... Imagine if they did that to Vatlik of ethereum or the creator of bitshares once more people hop onto that platform... its a losing battle to be transparent as the creator of a coin. Anyone that thinks its still a scam must have never installed it or has their own agenda. if it was a scam.. its the worst god dam scam ever, because they were only able to swindle 21 btc initially and they have a HORRIBLE marketing problem... barely anyone knows about it.... --nxt is the worst scam ever-- or --nxt is the most undervalued platform ever-- Title: Re: Why is NXT not the number 2 coin? Post by: Fedoracoins on July 06, 2015, 10:35:46 PM biggest scam ever
Title: Re: Why is NXT not the number 2 coin? Post by: EvilDave on July 06, 2015, 10:54:34 PM Says the dude wearing his coin as a hat...... ;D
Title: Re: Why is NXT not the number 2 coin? Post by: NattyLiteCoin on July 06, 2015, 10:56:32 PM I love NXT, but it's too complicated, people don't get it. I get it, but I also understand that my 3 month old twins need to crawl before they walk. Crypto is just crawling right now, established coins such as BTC, LTC, PPC, will reign for the next 1/2 decade (If at all). As people become more familiar and used to a world where banks are a dying breed, NXT is going to be LEGIT.
Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 07, 2015, 12:52:23 AM the platform is loaded with stuff and i must agree it can be confusing. but we are just waiting for ppl to make use of the platform properly...
the plugins extensions for nxt is only 1 month old... now it's just waiting for devs to build out decentralized apps on it. voxelnauts mmo game is pretty awsome using the nxt blockchain.. Title: Re: Why is NXT not the number 2 coin? Post by: ridery99 on July 07, 2015, 03:17:00 AM Title: Re: Why is NXT not the number 2 coin? Post by: Hollowman338 on July 07, 2015, 03:44:09 AM Yet your other investment isn't? :D Guerburglar won't save you. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on July 07, 2015, 04:41:36 AM NXT isn't the number two coin because NXT is the #1 coin... NXT has no competitors... NXT is the future... You can't stop it!
Title: Re: Why is NXT not the number 2 coin? Post by: sidhujag on July 07, 2015, 05:14:21 AM NXT isn't the number two coin because NXT is the #1 coin... NXT has no competitors... NXT is the future... You can't stop it! You got something brown on your nose :)Title: Re: Why is NXT not the number 2 coin? Post by: shogdite on July 07, 2015, 05:14:52 AM Premine scam. That's why!
Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 07, 2015, 05:16:25 AM Title: Re: Why is NXT not the number 2 coin? Post by: shogdite on July 07, 2015, 05:18:54 AM It was an ICO which sold to about 25 people for 1 btc or so each. So only 25 people held all the coin in the beginning and still to this day. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on July 07, 2015, 05:42:02 AM NXT isn't the number two coin because NXT is the #1 coin... NXT has no competitors... NXT is the future... You can't stop it! You got something brown on your nose :)Whose ass do I have my face in? Get out of here Brownie. Title: Re: Why is NXT not the number 2 coin? Post by: EvilDave on July 07, 2015, 07:08:57 AM It was an ICO which sold to about 25 people for 1 btc or so each. So only 25 people held all the coin in the beginning and still to this day. It's fricking amazing that people can still believe this stuff, even now. NXT has been running like a clock for almost 2 years, and has been trading good volumes ($300,000 today) on pretty much every alt-coin exchange for most of those 2 years. Trying to claim that it is all in the hands of 25 people after all that trading is like denying the Moon landing happened. But, people are free to believe what they like, despite the evidence. I'll choose to believe that #6 position right now ain't a bad place to be....: http://i62.tinypic.com/zklgzk.jpg ;D Title: Re: Why is NXT not the number 2 coin? Post by: markm on July 07, 2015, 07:18:46 AM Because NXT is a real grassroots movement for a fully decentralized economy and doesn't have any corporate backers to hype it. This makes NXT reliant upon the community of crypto users which is a good and a bad thing. It's good because NXT will never die and continue to evolve. It's bad because some people in the crypto community don't care about decentralization and have forgotten the true meaning of crypto advocated by Satoshi. Therefore, they Could you create a thread discussing the purported unsustainability of Bitshares, or point to one? Having mined some protoshares back in the day and recently fired up recent version Bitshares-PTS and Bitshares clients, it turns out I am a stakeholder. So if I ought to consider trying to take a position in NXT, it could be nice to know whether and why I should consider decreasing my position in Bitshares to do so... -MarkM- Title: Re: Why is NXT not the number 2 coin? Post by: markm on July 07, 2015, 07:26:26 AM I have one word for you i have one word for you; over complicated, over-hyped shitcoin ;) Complicated? Having taken a look at Bitshares, I don't see NXT as complicated at all... -MarkM- Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on July 07, 2015, 07:40:01 AM Because NXT is a real grassroots movement for a fully decentralized economy and doesn't have any corporate backers to hype it. This makes NXT reliant upon the community of crypto users which is a good and a bad thing. It's good because NXT will never die and continue to evolve. It's bad because some people in the crypto community don't care about decentralization and have forgotten the true meaning of crypto advocated by Satoshi. Therefore, they Could you create a thread discussing the purported unsustainability of Bitshares, or point to one? Having mined some protoshares back in the day and recently fired up recent version Bitshares-PTS and Bitshares clients, it turns out I am a stakeholder. So if I ought to consider trying to take a position in NXT, it could be nice to know whether and why I should consider decreasing my position in Bitshares to do so... -MarkM- http://prestonbyrne.com/2014/08/17/dont-walk-away-run/ (http://prestonbyrne.com/2014/08/17/dont-walk-away-run/) Title: Re: Why is NXT not the number 2 coin? Post by: ðºÞæ on July 07, 2015, 05:58:38 PM Quote Why is NXT not the number 2 coin? Let me enlighten you. Code: forget coins price daily invest So less than $ 100,000 USD in total has been invested in the coin excluding trades. $1,007,095.70 USD has been invested in Bitcoin the last 24h alone. Still need to ask? You always reap what you sow… always. Title: Re: Why is NXT not the number 2 coin? Post by: Este Nuno on July 07, 2015, 06:47:25 PM Quote Why is NXT not the number 2 coin? Let me enlighten you. Code: forget coins price daily invest So less than $ 100,000 USD in total has been invested in the coin excluding trades. $1,007,095.70 USD has been invested in Bitcoin the last 24h alone. Still need to ask? You always reap what you sow… always. So you're arguing that having inflation of a over a million dollars a day is somehow better than a grand total of zero inflation ever? That's a new one. Title: Re: Why is NXT not the number 2 coin? Post by: Zetacoin Express on July 07, 2015, 06:59:09 PM Why is NXT not the number 2 coin? Same reason why Zetacoin is not #1, the real investors don't realize it exists. The only know of Bitcoin. Title: Re: Why is NXT not the number 2 coin? Post by: ðºÞæ on July 07, 2015, 07:22:03 PM Quote Why is NXT not the number 2 coin? Let me enlighten you. Code: forget coins price daily invest So less than $ 100,000 USD in total has been invested in the coin excluding trades. $1,007,095.70 USD has been invested in Bitcoin the last 24h alone. Still need to ask? You always reap what you sow… always. So you're arguing that having inflation of a over a million dollars a day is somehow better than a grand total of zero inflation ever? That's a new one. I am arguing: You always reap what you sow…. always. You put the seed in and you will harvest. Only buying the field will not produce much for very long it just becomes a wasteland. Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 07, 2015, 09:59:17 PM one thing i realized with nxt is that its going to take some time for it to get adopted having that there's no interests in mining it. because there is pretty much NOTHING to mine as everything just exists already.
And there's one thing i realized with nxt, as people buy and hoard it, there's just going to be "LESS" nxt in the world as its not constantly pushed out into the world everyday like other coins. This is a pretty much true 100% deflationary currency... Bitcoin and other variants get mined everyday and get released into the open and there HAS to be a buyer when this happens or else the price just goes down due to extra supply coming out if there isnt the demand to match it. This is a controlled inflationary currency having the last coins mined 100 years from today. We can all agree that mining will be taken over by BIG players as the years go by due to increasing interest in Bitcoin and rising price. From there we can safely say Bitcoin will eventually be controlled by a handful of powerful people with money since they will have the infrastructure to mine a large portion of the coins. Both setups are not bad or good, but has its own benefits. Right now we need to keep in mind NXT is extremely new having been only only 18 months with NO MARKETING campaign behind it at all. Everyone should be skeptical since its so new and untested... it just needs to prove itself... same with ethereum and other similar 2.0 tech.... i'm not bashing any other coin... i'm just stating my observations.. i still believe bitcoin is still the king of coins and yes it can do what nxt does, but i really don't want to wait that long when that happens. There has to be a separate coin to ease the process, which is why nxt is a really good candidate same goes for bitshares, ethereum, counterparty, and coloredcoins. https://media.licdn.com/mpr/mpr/shrinknp_800_800/p/4/005/0b7/2ee/2c617b3.jpg Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on July 08, 2015, 03:51:48 AM same goes for bitshares, ethereum, counterparty, and coloredcoins. You're comparing NXT to a communist scam, a corporatist scheme with ties to Goldman Sachs, a dead coin and a concept which has failed to materialize on the Bitcoin blockchain? Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 08, 2015, 04:47:50 AM nevertheless they are still in the same arena and you do have to factor them in.
obviously they are not scams, just competing technology in the 2.0 space. all the others have a transparent head leader, which is what I'm afraid of if the powers that be decided to do what they did to ripple to the others. in a way its a form of code censorship. this is why i find nxt devs smart to stay out of the limelight. we already see the amount of trolling each of these 2.0 technologies get having a transparent leader. its just childish and ridiculous, but what can you do except for staying hidden. When was the last time someone made of the core devs of nxt? Verses ethereum, ripple, and bitshares. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on July 08, 2015, 05:18:46 AM nevertheless they are still in the same arena and you do have to factor them in. NXT has no competition. obviously they are not scams I'm going to have to disagree with you on that. we already see the amount of trolling each of these 2.0 technologies get having a transparent leader. its just childish and ridiculous Well, maybe if some of them didn't lie and push an agenda of centralization to line their pockets, they wouldn't have so many objections to their behavior. Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 08, 2015, 01:52:34 PM Title: Re: Why is NXT not the number 2 coin? Post by: ifightformerkel on July 08, 2015, 03:10:36 PM I love NXT, but it's too complicated, people don't get it. I get it, but I also understand that my 3 month old twins need to crawl before they walk. Crypto is just crawling right now, established coins such as BTC, LTC, PPC, will reign for the next 1/2 decade (If at all). As people become more familiar and used to a world where banks are a dying breed, NXT is going to be LEGIT. This is the only right answer. People dont know WHY NXT is so different, when bitcoin will become popular people will also look closer at NXT. But who knows, maybe in the future people will change their thinking and jump all on NXT, nobody knows it, and leave bitcoin (what is a little bit unrealistic). :) Title: Re: Why is NXT not the number 2 coin? Post by: habraken on July 08, 2015, 03:33:23 PM NXT is easier to understand than BTC.
You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that. I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments. Title: Re: Why is NXT not the number 2 coin? Post by: barbierir on July 08, 2015, 04:35:02 PM NXT is easier to understand than BTC. You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that. I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments. This! I have my passphrase and never worry about backups and wallet.dat files 8) With the Account Control feature in 1.6, Nxt will also have the most user-friendly and safest security from hacks than one can imagine! A true peace of mind. These core features alone would make NXT one of the best coins around but WHAT REALLY SETS IT APART, in my opinion, is its unmatched versatility for third party applications. There are countless projects that make use of the Nxt blockchain in one way or the other, they choose Nxt because of the excellent code or for the great number of APIs or the 42kb of data or the openess to new suggestions. It takes just one of them to be succesfull to drive the others along. Now there's also a plugin system that allows new ways to develop useful apps. What more can you ask for? Try to build something similar over the Bitcoin blockchain... ahah good luck with that! There are many other interesting coins but Nxt is the best general-purpose blockchain platform. Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 09, 2015, 04:06:53 AM don't forget that you can also host files on the block chain now. so does this mean they are the first to implement a decentralized storage hosting system?
Title: Re: Why is NXT not the number 2 coin? Post by: sidhujag on July 09, 2015, 11:35:46 PM don't forget that you can also host files on the block chain now. so does this mean they are the first to implement a decentralized storage hosting system? DDNS is a totally seperate thing. Alot of coins can host file.. with qora you can browse webpages on the blockchain... I was thinking of putting popcorntime.io on the syscoin blockchain through a data alias.. however you'd either need a dns server runnign locally with your wallet or a custom browser app to browse these sites.. its not true DDNS. Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 10, 2015, 05:17:11 AM i see. didnt know quora had similar stuff... they don't seem that active...
Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on July 10, 2015, 05:24:08 AM i see. didnt know quora had similar stuff... they don't seem that active... Qora is dead. Title: Re: Why is NXT not the number 2 coin? Post by: jubalix on July 10, 2015, 05:34:36 AM NXT is doing ok
considering when it was released, and the initial distro its doing very well. NXT is a bit of a swiss army knife and its really good, but that makes it hard for a lot of people to understand Title: Re: Why is NXT not the number 2 coin? Post by: jubalix on July 10, 2015, 05:51:44 AM Quote Why is NXT not the number 2 coin? Let me enlighten you. Code: forget coins price daily invest So less than $ 100,000 USD in total has been invested in the coin excluding trades. $1,007,095.70 USD has been invested in Bitcoin the last 24h alone. Still need to ask? You always reap what you sow… always. So you're arguing that having inflation of a over a million dollars a day is somehow better than a grand total of zero inflation ever? That's a new one. money into mining does not = money invested. block chain security without pow is a massive head wind to take away Title: Re: Why is NXT not the number 2 coin? Post by: sofu on July 10, 2015, 07:46:25 AM NXT will breakout soon and the FOMO will start. New ATH easy. Stay tuned 8)
Title: Re: Why is NXT not the number 2 coin? Post by: jubalix on July 10, 2015, 12:33:00 PM NXT is easier to understand than BTC. You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that. I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments. the whole local host thing (not sure if you still need to do that) is confusing for many. Also byt has many wallet and platform options that give is a ver bi advantage and can be effectively recast for various segment of users. The wallet.dat makes people fell they have wallet and ownership that perhaps the cloud does not convey. Title: Re: Why is NXT not the number 2 coin? Post by: Nxtblg on July 10, 2015, 12:58:50 PM NXT will breakout soon and the FOMO will start. New ATH easy. Stay tuned 8) Maybe, but Nxt has been down this road before. Pumped, excitement crests with the price, after which it sinks. Call me a stick-in-the-mud, but the long-term chart still says Nxt is in a long-term trading range. Better to buy below 5000 satoshis, or as close to 5000 satoshis as you can get. Unless you need some in a hurry. :) Title: Re: Why is NXT not the number 2 coin? Post by: ðºÞæ on July 10, 2015, 03:14:03 PM Quote Why is NXT not the number 2 coin? Let me enlighten you. Code: forget coins price daily invest So less than $ 100,000 USD in total has been invested in the coin excluding trades. $1,007,095.70 USD has been invested in Bitcoin the last 24h alone. Still need to ask? You always reap what you sow… always. So you're arguing that having inflation of a over a million dollars a day is somehow better than a grand total of zero inflation ever? That's a new one. money into mining does not = money invested. block chain security without pow is a massive head wind to take away Please take a little less what ever you take. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on July 10, 2015, 04:12:32 PM NXT is easier to understand than BTC. You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that. I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments. the whole local host thing (not sure if you still need to do that) is confusing for many. It got a lot simpler. Run nxt.exe and click the new icon in the tray, open the wallet (in the browser). No more scary black cmd-boxes... https://i.imgur.com/4sqZg1y.png Quote Also byt has many wallet and platform options that give is a ver bi advantage and can be effectively recast for various segment of users. Yes, NXT is still quite young, there are only a couple of wallets at the moment. Quote The wallet.dat makes people fell they have wallet and ownership that perhaps the cloud does not convey. Made me feel rather nervous, reading about having to back it up on usb-sticks, what if my usb-sticks gets corrupted, what if my disk crashes, etc. The average user is used to cloud-services. Online banking, online file storage, online everything. All just a bookmark and a password away. Title: Re: Why is NXT not the number 2 coin? Post by: ðºÞæ on July 10, 2015, 04:30:53 PM https://i.imgur.com/Kj46NES.jpg (https://i.imgur.com/Kj46NES.jpg)
https://i.imgur.com/Kj46NES.jpg Hind, check out Bitcoin Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 10, 2015, 04:45:51 PM With the current spam attack with Bitcoin.. it would be interesting if Bitcoin switched over the NXT as a MScoin while everyone can still redeem their existing Bitcoin for the MScoin equivalent and also mining can still continue on top of NXT using Monetary System mining and pick a harder ASIC resistent algo... effectively putting out the centralized mining companies out of business instantly.
this would a crazy game changer if it were to ever happen. Thoughts? https://i.imgur.com/pjKd9Kl.png Title: Re: Why is NXT not the number 2 coin? Post by: OrsonJ on July 10, 2015, 06:26:35 PM Why is NXT not the number 2 coin?
Because there are 6 or 7 coins with larger market caps (if you accept the method of calculation). :) Title: Re: Why is NXT not the number 2 coin? Post by: Mickeyb on July 10, 2015, 09:11:58 PM Just like every other coin, NXT has its problems, nobody's perfect. If we put this aside, and if we value technology, also if the development keeps current pace in the upcoming years, NXT will make it for sure.
NXT and Bitcoin are quite different beasts and every bitcoiner should have some NXT aside. NXT is a platform, Bitcoin is a currency and this is an important distinction. Why is NXT not a number 2? It is young and crypto world is too damn narrow minded. When this crypto thing gets rolling and when general public gets deeper into this, don't worry, NXT will easily soar to the new heights and it will be number 2,at least! Title: Re: Why is NXT not the number 2 coin? Post by: jubalix on July 11, 2015, 08:21:48 AM NXT is easier to understand than BTC. You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that. I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments. the whole local host thing (not sure if you still need to do that) is confusing for many. It got a lot simpler. Run nxt.exe and click the new icon in the tray, open the wallet (in the browser). No more scary black cmd-boxes... https://i.imgur.com/4sqZg1y.png Quote Also byt has many wallet and platform options that give is a ver bi advantage and can be effectively recast for various segment of users. Yes, NXT is still quite young, there are only a couple of wallets at the moment. Quote The wallet.dat makes people fell they have wallet and ownership that perhaps the cloud does not convey. Made me feel rather nervous, reading about having to back it up on usb-sticks, what if my usb-sticks gets corrupted, what if my disk crashes, \ The average user is used to cloud-services. Online banking, online file storage, online everything. All just a bookmark and a password away. I agree the cloud may be more resistant and redundant thus safe and accessible (I like both). its just a file called wallet on usb stick is a metaphor to their own wallet they pick up, and it allows them to segue into the realm of cryptos. Title: Re: Why is NXT not the number 2 coin? Post by: K210 on July 11, 2015, 09:09:38 AM The value of a coin is attained from how well that coin serves its intended purpose. Bitcoin serves its intended purpose (transaction network) well so it has value, NXT on the other hand does not have a set purpose. What is NXT trying to do? Challenge bitcoin? Become king of POS? Until NXT has a clear purpose and people use NXT for that purpose NXT wont gain real value.
Title: Re: Why is NXT not the number 2 coin? Post by: Mickeyb on July 11, 2015, 10:21:36 AM The value of a coin is attained from how well that coin serves its intended purpose. Bitcoin serves its intended purpose (transaction network) well so it has value, NXT on the other hand does not have a set purpose. What is NXT trying to do? Challenge bitcoin? Become king of POS? Until NXT has a clear purpose and people use NXT for that purpose NXT wont gain real value. No I don't think NXT is trying to challenge Bitcoin, that's why I wrote in my post above that every bitcoiner should owe some NXT since these two cryptos are in a completely different ball park in my opinion. Bitcoin is a currency, NXT is a financial platform. Bitcoin essentially allows you to send tokens from one to another person and even this is hard to believe for the ordinary Joe. Wait until this ordinary Joe gets used to this! This is called adoption! Wait also until this ordinary Joe doesn't realize that he can do 20 different things with NXT! I will ask you about the price then. So yeah, NXT doesnt have a user base large enough at the moment. This is essentially BTCs job, to brake the ice first. In that context, NXT and BTC are accomplices, not opponents. Also it is good that NXT doesn't show its real value at the moment. This allows for the features to be rolled out in the amazing pace, something BTC will never be able to do because of its size, I mean look at the block size debate, BTC is just over conservative, which is normal if we consider risk of changing things at this moment. Title: Re: Why is NXT not the number 2 coin? Post by: EvilDave on July 11, 2015, 11:16:21 AM The value of a coin is attained from how well that coin serves its intended purpose. Bitcoin serves its intended purpose (transaction network) well so it has value, NXT on the other hand does not have a set purpose. What is NXT trying to do? Challenge bitcoin? Become king of POS? Until NXT has a clear purpose and people use NXT for that purpose NXT wont gain real value. Here's an example of what you can do with NXT: http://cointelegraph.com/news/114814/greek-island-trials-digital-currency-solution-to-boost-economy Nxt (the technology) does have a set purpose: to provide a set of tools that enable crypto-currency users to create their own projects. NXT (the currency) is simply the fuel to power the Nxt system, and it will inevitably gain value as more projects utilise the Nxt blockchain. Title: Re: Why is NXT not the number 2 coin? Post by: — on July 11, 2015, 11:54:51 AM https://i.imgur.com/Kj46NES.jpg (https://i.imgur.com/Kj46NES.jpg) Scary Title: Re: Why is NXT not the number 2 coin? Post by: Mickeyb on July 11, 2015, 12:19:01 PM https://i.imgur.com/Kj46NES.jpg (https://i.imgur.com/Kj46NES.jpg) Scary Well you can say the same for Bitcoin, can't you? Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 11, 2015, 03:31:35 PM give it time... its still relatively new and most ppl haven't even installed the client...
what did you expect? for it to keep going up? Title: Re: Why is NXT not the number 2 coin? Post by: ðºÞæ on July 11, 2015, 03:53:32 PM give it time... its still relatively new and most ppl haven't even installed the client... For starters the 'joke' Dogecoin got almost 100 times higher investment in the last 24h and its younger.what did you expect? for it to keep going up? Title: Re: Why is NXT not the number 2 coin? Post by: bit1 on July 11, 2015, 04:03:32 PM Why is NXT not the number 2 coin? Because is more easy use normal Wallets to more peoples, And besides NXT had a worst distribution.And the more important is that NXT is oriented to Bussines only.
Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 13, 2015, 01:42:00 AM i think it's just waiting for that right app to make use of its features..
Title: Re: Why is NXT not the number 2 coin? Post by: JReag on July 13, 2015, 04:37:25 AM I'd imagine the real reason is risk.
Why would NXT be number 2? The features and use cases it presents are faaaaaarrrr more complex than that of Bitcoin. Imagine the risk of trying to delve into such a platform compared to the risk of a more basic Bitcoin. Hard case to make, yeah? I'm saying this as someone who likes NXT. If you like NXT - you buy and hold. You'll likely make more profit from Bitcoin in the short term, but dang does NXT have potential. (as does Bitshares IMO) Title: Re: Why is NXT not the number 2 coin? Post by: Este Nuno on July 13, 2015, 09:29:03 AM I think the complexity of NXT is highly overrated in general and generally stems from the fact that you need to run the NRS wallet from the local server on your computer.
Title: Re: Why is NXT not the number 2 coin? Post by: Ingatqhvq on July 13, 2015, 09:50:24 AM The price is a little sad.
Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 13, 2015, 04:48:50 PM sad indeed... they just released a new version today... v1.5.13 .... all this active development .. just baffles me on the price... maybe because there are no real pumpers to hype the coin. is just relying on the system to sell itself..
Title: Re: Why is NXT not the number 2 coin? Post by: barbierir on July 13, 2015, 06:25:14 PM sad indeed... they just released a new version today... v1.5.13 .... all this active development .. just baffles me on the price... maybe because there are no real pumpers to hype the coin. is just relying on the system to sell itself.. I'm happy that Nxt doesn't suffer from P&D as much as many other coins and the price is one of the most stable in Btc terms. This buys me more time to accumulate. We will come at a point in crypto where tech, instead of speculation, will be the main drive in order to succeed in real world applications, and I know Nxt will be there. Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 14, 2015, 03:34:08 PM Not sure if anyone knew but this MMO game is based off of the NXT blockchain: http://cointelegraph.com/news/114443/voxelnauts-a-minecraft-inspired-game-with-nxt-backed-property-rights-and-drm
I think this is a pretty big deal...... Youtube video about it: https://www.youtube.com/watch?v=GdSSQzLiD8k https://i.imgur.com/MZ9zlPm.png Title: Re: Why is NXT not the number 2 coin? Post by: Este Nuno on July 14, 2015, 03:56:53 PM Not sure if anyone knew but this MMO game is based off of the NXT blockchain: http://cointelegraph.com/news/114443/voxelnauts-a-minecraft-inspired-game-with-nxt-backed-property-rights-and-drm Yes, it was unfortunate that they didn't meet their Kickstarter goal. Still, they had 125k out of 200k pledged, which is nothing to sneeze at. It would have been nice if Kickstarter wasn't all-or-nothing funding, as I'd imagine they could get a good amount of progress out of 125k and then come back for more funding through another method if needed. I wonder what they are doing now. Probably seeking a new funding arrangement I'd imagine since there's clearly a lot of interest for this type of game. Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 14, 2015, 04:03:30 PM it does look good... its good that they are jumping on the minecraft bandwagon.... i can see retro video games coming back into the scene... unique digital assets like a sword or shield you craft in a game would be an interesting development knowing it can't be duplicated with a blockchain.
Title: Re: Why is NXT not the number 2 coin? Post by: habraken on July 14, 2015, 04:36:53 PM I wonder what they are doing now. Probably seeking a new funding arrangement I'd imagine since there's clearly a lot of interest for this type of game. http://forums.voxelnauts.com/index.php?threads/thank-you-backers-but-our-funding-is-in-another-castle.103/Title: Re: Why is NXT not the number 2 coin? Post by: yeponlyone on July 14, 2015, 07:21:03 PM What can you actually do with NXT, besides trading and buying assets from other NXTers?
Well, I exaggerate, but very, very few outside this forum have a clue of NXT. And then they have their problematic PoS... Title: Re: Why is NXT not the number 2 coin? Post by: habraken on July 14, 2015, 08:01:41 PM What can you actually do with NXT, besides trading and buying assets from other NXTers? LOL! Install the client and see for yourself! Many, many buttons and features. Need more RL use cases though.Quote And then they have their problematic PoS... Eh? :)Title: Re: Why is NXT not the number 2 coin? Post by: barbierir on July 14, 2015, 09:26:30 PM What can you actually do with NXT, besides trading and buying assets from other NXTers? Well, I exaggerate, but very, very few outside this forum have a clue of NXT. And then they have their problematic PoS... Creating assets to fund projects with dividends, multisig and shareholders voting is not a small feature by itself :D but beside that you can use the core marketplace (http://nxt.org/about/marketplace/) or the third-party freemarket (http://nxtfreemarket.com/), use the monetary-system (http://nxt.org/about/monetary-system/) to create you own customized tokens or make crowdfunding (https://www.youtube.com/watch?v=JBsKVJYbitY). It also the best platform to develop your own blockchain based applications and services (https://nxtforum.org/nxt-projects/) or simple plugins (https://nxtforum.org/nxt-plugins/%28client-plugins%29-specification-developers-guide/) for the client. The pace of development has been a new version every 3-4 months and the devs a very open to suggestions (https://nxtforum.org/general/list-of-feature-request-for-nrs/) of new features. There are many other features (http://www.nxttechnologytree.com/) upcoming and also third party projects like VPN, meshnetwork, superNet, etc... and much more. Nxt is a full blockchain ecosystem that offers a lot more possibilities than simple monetary use, I see many other interesting coins that allow one or more of these features, some even make one specific feature better, but no one offers the whole package in a single application. Title: Re: Why is NXT not the number 2 coin? Post by: Mickeyb on July 19, 2015, 06:32:03 AM NXT is getting Anon capabilities. Enjoy people!
https://nxtforum.org/general-discussion/coin-shuffling-design-decision/ Title: Re: Why is NXT not the number 2 coin? Post by: Ingatqhvq on July 19, 2015, 10:36:11 AM NXT is getting Anon capabilities. Enjoy people! Anon capabilities is not necessary. it can't help NXT too much.https://nxtforum.org/general-discussion/coin-shuffling-design-decision/ Title: Re: Why is NXT not the number 2 coin? Post by: Mickeyb on July 19, 2015, 12:04:14 PM NXT is getting Anon capabilities. Enjoy people! Anon capabilities is not necessary. it can't help NXT too much.https://nxtforum.org/general-discussion/coin-shuffling-design-decision/ It's not necessary but the NXT will have it, just like 20 more things that NXT will have which will make it the most complete crypto out there. Down the road, when crypto gets higher adoption worldwide, this will be very important. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on July 20, 2015, 05:34:49 AM NXT is getting Anon capabilities. Enjoy people! Anon capabilities is not necessary. it can't help NXT too much.https://nxtforum.org/general-discussion/coin-shuffling-design-decision/ Title: Re: Why is NXT not the number 2 coin? Post by: Mickeyb on July 20, 2015, 08:12:09 AM NXT is getting Anon capabilities. Enjoy people! Anon capabilities is not necessary. it can't help NXT too much.https://nxtforum.org/general-discussion/coin-shuffling-design-decision/ This! Businesses that might one day pay their salaries in NXT would need this very much, just to keep the financial privacy on who makes which amount of money. Title: Re: Why is NXT not the number 2 coin? Post by: Somekindabitcoin on July 20, 2015, 08:15:33 AM Not sure if anyone knew but this MMO game is based off of the NXT blockchain: http://cointelegraph.com/news/114443/voxelnauts-a-minecraft-inspired-game-with-nxt-backed-property-rights-and-drm Yes, it was unfortunate that they didn't meet their Kickstarter goal. Still, they had 125k out of 200k pledged, which is nothing to sneeze at. It would have been nice if Kickstarter wasn't all-or-nothing funding, as I'd imagine they could get a good amount of progress out of 125k and then come back for more funding through another method if needed. I wonder what they are doing now. Probably seeking a new funding arrangement I'd imagine since there's clearly a lot of interest for this type of game. I hate Kickstarter just because of this. Why can't we set two targets - 1 for 100k and 1 for 200k. If the first target is met owner, or someone like this can take it and do as much as he can. With the second target he do the whole thing. BTW The game is amazing. Title: Re: Why is NXT not the number 2 coin? Post by: g3rszpi on July 20, 2015, 09:11:49 AM NXT is getting Anon capabilities. Enjoy people! Anon capabilities is not necessary. it can't help NXT too much.https://nxtforum.org/general-discussion/coin-shuffling-design-decision/ Title: Re: Why is NXT not the number 2 coin? Post by: Somekindabitcoin on July 20, 2015, 09:36:34 AM NXT is getting Anon capabilities. Enjoy people! Anon capabilities is not necessary. it can't help NXT too much.https://nxtforum.org/general-discussion/coin-shuffling-design-decision/ How is Bitcoin less anonymous than NXT? Title: Re: Why is NXT not the number 2 coin? Post by: g3rszpi on July 20, 2015, 09:41:13 AM NXT is getting Anon capabilities. Enjoy people! Anon capabilities is not necessary. it can't help NXT too much.https://nxtforum.org/general-discussion/coin-shuffling-design-decision/ How is Bitcoin less anonymous than NXT? Title: Re: Why is NXT not the number 2 coin? Post by: Somekindabitcoin on July 20, 2015, 09:44:23 AM NXT is getting Anon capabilities. Enjoy people! Anon capabilities is not necessary. it can't help NXT too much.https://nxtforum.org/general-discussion/coin-shuffling-design-decision/ How is Bitcoin less anonymous than NXT? Yes that's it.. everyone says that NXT is more anonymous but I never knew why :/ Title: Re: Why is NXT not the number 2 coin? Post by: g3rszpi on July 20, 2015, 09:49:39 AM NXT is getting Anon capabilities. Enjoy people! Anon capabilities is not necessary. it can't help NXT too much.https://nxtforum.org/general-discussion/coin-shuffling-design-decision/ How is Bitcoin less anonymous than NXT? Yes that's it.. everyone says that NXT is more anonymous but I never knew why :/ Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 24, 2015, 02:52:48 AM should be out soon it seems
Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on July 24, 2015, 03:41:08 AM Title: Re: Why is NXT not the number 2 coin? Post by: sidhujag on July 24, 2015, 05:16:11 AM What the collapse?
Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 24, 2015, 04:20:32 PM why would it collapse?
Title: Re: Why is NXT not the number 2 coin? Post by: ðºÞæ on July 24, 2015, 05:39:02 PM The correct question would be: Why is NXT not a top 10 coin?
https://i.imgur.com/jqm5GHd.png Because it simply is not good enough. Title: Re: Why is NXT not the number 2 coin? Post by: LiQio on July 24, 2015, 08:01:48 PM The correct question would be: Why is NXT not a top 10 coin? https://i.imgur.com/jqm5GHd.png Because it simply is not good enough. ^ argumentum e contrario accepted? Title: Re: Why is NXT not the number 2 coin? Post by: Nxtblg on July 24, 2015, 08:46:17 PM The correct question would be: Why is NXT not a top 10 coin? Because it's #11? Title: Re: Why is NXT not the number 2 coin? Post by: P-Funk on July 24, 2015, 09:07:45 PM I dismissed NXT a while ago as just another coin but I finally had reason to install it and I've been very impressed. Kinda like looking through a time machine into the future compared to Bitcoin. Of course Bitcoin has the name recognition and brand, and it's been an immensely successful proof of concept. But there's definitely room for innovation in the market when Bitcoin is pretty set in stone these days.
Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on July 25, 2015, 03:20:47 AM What the collapse? You Bitshares' Brownies are going to get absolutely annihilated by NXT. Soon, NXT is going to have stable assets implemented via a superior methodology than Bitshares. When that happens, Bitshares will be completely outdated. Your end is near. Title: Re: Why is NXT not the number 2 coin? Post by: zz11 on July 25, 2015, 05:03:02 AM You Bitshares' Brownies are going to get absolutely annihilated by NXT. Soon, NXT is going to have stable assets implemented via a superior methodology than Bitshares. When that happens, Bitshares will be completely outdated. Your end is near. Its funny how you two quarrel with each other while both are going down and down. I guess you realize there is limited interest and you both are trying to get that small market. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on July 25, 2015, 06:30:11 AM You Bitshares' Brownies are going to get absolutely annihilated by NXT. Soon, NXT is going to have stable assets implemented via a superior methodology than Bitshares. When that happens, Bitshares will be completely outdated. Your end is near. Its funny how you two quarrel with each other while both are going down and down. I guess you realize there is limited interest and you both are trying to get that small market. This isn't a struggle for marketcap. It's an ideological battle for the cryptosphere. Victory over the traitors! Title: Re: Why is NXT not the number 2 coin? Post by: sofu on July 26, 2015, 02:02:48 PM looks like someone is pressing the price down. when price goes again below 3k SAT I will go All In and hold it for 1.6 moonshot release ;D
NXT is to big to fail https://pbs.twimg.com/media/CKxqXTZUYAEbl6r.jpg Title: Re: Why is NXT not the number 2 coin? Post by: Brangdon on July 26, 2015, 03:32:17 PM NXT is getting Anon capabilities. Enjoy people! Anon capabilities is not necessary. it can't help NXT too much.https://nxtforum.org/general-discussion/coin-shuffling-design-decision/ How is Bitcoin less anonymous than NXT? Yes that's it.. everyone says that NXT is more anonymous but I never knew why :/ Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 26, 2015, 03:55:00 PM nxt is very transparent at the moment. what is really great about it, is that you have a choice when coinshuffling comes into play.
you can either stay transparent or go totally anonymous..... its up to you. Title: Re: Why is NXT not the number 2 coin? Post by: d5000 on July 26, 2015, 08:50:08 PM Quote from: DecentralizeEconomics link=topic=1035337.msg11964393#msg11964393 Soon, NXT is going to have stable assets implemented via a superior methodology than Bitshares. I would like more information about this (I am a NXt'er, but haven't see this feature in the forum). Do you have a link to the corresponding discussion? As far as I know, the Smart Contract feature hasn't any ETA yet. And "CoinoUSD" and other similar systems are simply IOU's. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on July 27, 2015, 12:03:08 AM Quote from: DecentralizeEconomics link=topic=1035337.msg11964393#msg11964393 Soon, NXT is going to have stable assets implemented via a superior methodology than Bitshares. I would like more information about this (I am a NXt'er, but haven't see this feature in the forum). Do you have a link to the corresponding discussion? As far as I know, the Smart Contract feature hasn't any ETA yet. And "CoinoUSD" and other similar systems are simply IOU's. https://nxtforum.org/general-discussion/price-speculation/msg188482/#msg188482 (https://nxtforum.org/general-discussion/price-speculation/msg188482/#msg188482) Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 27, 2015, 01:38:16 AM Quote from: DecentralizeEconomics link=topic=1035337.msg11964393#msg11964393 Soon, NXT is going to have stable assets implemented via a superior methodology than Bitshares. I would like more information about this (I am a NXt'er, but haven't see this feature in the forum). Do you have a link to the corresponding discussion? As far as I know, the Smart Contract feature hasn't any ETA yet. And "CoinoUSD" and other similar systems are simply IOU's. i think nxt is playing their card right as they are waiting if you haven't noticed on the side lines to see how smart contracts would work and same goes for the anonymous feature stuff... let the first wave of people come test it out first and learn from it then adopt the most feasible technology. Title: Re: Why is NXT not the number 2 coin? Post by: tyz on July 28, 2015, 12:58:24 PM Totally agree! NXT is probably the most underestimated coin in the crypocoin world. Let one of the tech investors let recognize that and we will see huge impact on NXT price ;) It is superior to Bitcoin.
I dismissed NXT a while ago as just another coin but I finally had reason to install it and I've been very impressed. Kinda like looking through a time machine into the future compared to Bitcoin. Of course Bitcoin has the name recognition and brand, and it's been an immensely successful proof of concept. But there's definitely room for innovation in the market when Bitcoin is pretty set in stone these days. Title: Re: Why is NXT not the number 2 coin? Post by: HeroCat on July 28, 2015, 01:02:32 PM More popular is Doge, this is free crypto market ;) Second most popular crypto is Doge, I think ;D
Title: Re: Why is NXT not the number 2 coin? Post by: g3rszpi on July 28, 2015, 02:41:53 PM NXT was nr.4 for a long time
Title: Re: Why is NXT not the number 2 coin? Post by: o0‡0o on July 28, 2015, 03:40:02 PM NXT was nr.4 for a long time Ah the good old days where some considered it worthy a top 10 spot. It has one last chance to stand up and do something. If the premined unspectacular Bytecoin passes it too then its really curtains down. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on July 28, 2015, 03:51:33 PM NXT was nr.4 for a long time Ah the good old days where some considered it worthy a top 10 spot. It has one last chance to stand up and do something. If the premined unspectacular Bytecoin passes it too then its really curtains down. Title: Re: Why is NXT not the number 2 coin? Post by: sofu on July 29, 2015, 08:34:43 PM NXT whale is still dumping on polo.
http://www.mynxt.info/account/2159498187382012684 https://poloniex.com/exchange#btc_nxt I recommend to place buyorders and profit on NXT distribution :) Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on July 30, 2015, 12:32:50 AM NXT whale is still dumping on polo. http://www.mynxt.info/account/2159498187382012684 https://poloniex.com/exchange#btc_nxt I recommend to place buyorders and profit on NXT distribution :) tats some cheap nxt.... i think whale holder will just dump having to realize that they can just keep holding and not give away the distribution to make it increase in value. Title: Re: Why is NXT not the number 2 coin? Post by: ShroomsKit_Disgrace on January 08, 2016, 09:30:09 AM I question myself this very thing everyday
Title: Re: Why is NXT not the number 2 coin? Post by: Nxtblg on January 08, 2016, 01:01:58 PM I question myself this very thing everyday Someday... (I actually had hopes that Nxt would grow into becoming the reserve currency of Gen-2 cryptos, a world where you could recognize a gen-2 by seeing its price quoted in Nxtoshis.) Title: Re: Why is NXT not the number 2 coin? Post by: kennyP on January 08, 2016, 10:04:32 PM I question myself this very thing everyday NXT is a platform, not a a coin. NXT is fully decentralised & open like no other crypto project, so it's just a matter of time IMO, but i still don't think the value of Nxt token will ever moon like some hope/expect, but it will increase a lot from here. NXT is like tcp/ip, and we haven't seen the 'http' equivalent fully develop yet, so no google, youtube or facebook etc so far, but they're coming Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on January 09, 2016, 02:06:32 PM I'm sorry to say that from a spectator's POV, I think NXT is losing the battle now that there's wider and bigger potential and possibilites on other platforms like Ethereum.
I could be wrong though. We'll see. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 09, 2016, 07:48:41 PM I'm sorry to say that from a spectator's POV, I think NXT is losing the battle now that there's wider and bigger potential and possibilites on other platforms like Ethereum. I hear a lot about Ethereum. What does it actually do... now?Title: Re: Why is NXT not the number 2 coin? Post by: kennyP on January 10, 2016, 01:23:42 AM I'm sorry to say that from a spectator's POV, I think NXT is losing the battle now that there's wider and bigger potential and possibilites on other platforms like Ethereum. I could be wrong though. We'll see. Ethereum is a good platform for sure, but I don't believe the 'Highlander' is at play here (there can be only one!), so both can co-exist happily. Ethereum appeals to those who like things like known devs with big budgets, and NXT appeals to those after true decentralisation and anonymity I like Ethereum, but I prefer NXT, and I like that Jean-Luc and the NXT devs are anon, and new people can come and go, and nobody needs to ask for permission. Ethereum appeals to Microsoft etc for the exact opposite reason I suspect, they love having Vitalek and co. as known entities operating in a more 'conventional' style. Horses for courses! Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on January 10, 2016, 07:08:30 AM I'm sorry to say that from a spectator's POV, I think NXT is losing the battle now that there's wider and bigger potential and possibilites on other platforms like Ethereum. I hear a lot about Ethereum. What does it actually do... now?Two of the projects I'm interested that are being built on Ethereum are slock.it and Augur. There are a few more. Check them out. Title: Re: Why is NXT not the number 2 coin? Post by: stoat on January 10, 2016, 08:29:33 AM I'm sorry to say that from a spectator's POV, I think NXT is losing the battle now that there's wider and bigger potential and possibilites on other platforms like Ethereum. I hear a lot about Ethereum. What does it actually do... now?Loads of stuff. Check out mist browser Title: Re: Why is NXT not the number 2 coin? Post by: barabbas on January 10, 2016, 09:11:41 AM I question myself this very thing everyday NXT is a platform, not a a coin. NXT is fully decentralised & open like no other crypto project, so it's just a matter of time IMO, but i still don't think the value of Nxt token will ever moon like some hope/expect, but it will increase a lot from here. NXT is like tcp/ip, and we haven't seen the 'http' equivalent fully develop yet, so no google, youtube or facebook etc so far, but they're coming Well no. NXT is indeed a "coin". Or, as you choose to call it, a "token". NEXT, on the other hand, IS a platform. And yes, they are two different things and tangentially related. The "token" is practically worthless for the simple reason those holding the millions of it are getting rid of them as methodically and efficiently as they can and have been doing it since inception, therefore the "market" (an euphemism at this point) is saturated for there's practically no demand and whatever demand there is of could EVER be, is/will be avalanched by the selling. Now, the platform is something else... it is something that has to commercial value whatsoever since, no matter who or for what has decided to use it, has failed miserably and has produced no income of any kind, no business of any kind whatsoever so yes, it is THERE for you to use free of charge, but to no avail for there are no customers, not even "coinaddicts" on the other side of the platform. And never will be. As a consequence, neither NXT, the token, nor NEXT, the platform, have or will ever have any value whatsoever. And that's the predicament. Title: Re: Why is NXT not the number 2 coin? Post by: RaginglikeaBoss on January 10, 2016, 09:30:37 AM So you are down to crowdfunding... or platforms like NXT. Did you know you can do trustless crowd funding in Nxt's Monetary System? i.e. Say you want to raise 200k NXT with a deadline in 30 days time. People put up the money bit by bit and it is all held by the protocol (a trustless escrow). The dev can't run away with it part way through the process. When the deadline comes, the protocol checks if the amount raised is 200k or more. If it is, the 200k NXT is released to you for your successfully funded project and tokens representing a stake in your project are sent to the funders (optional, I believe). If less than 200k, then all NXT are returned to those who sent them. All trustlessly and all for a cost of 40 NXT ;D But no one does, not counting the 1000s of scams currently listed on the hardly ever used asset exchange. I mean the NXT technology is simply fantastic, but it needs PROPER Advertising. A new website isn't going to do shit to help promote a niche cryptocurrency in this microcosm of a niche we already exist in. Title: Re: Why is NXT not the number 2 coin? Post by: Lintel on January 10, 2016, 01:08:31 PM So you are down to crowdfunding... or platforms like NXT. Did you know you can do trustless crowd funding in Nxt's Monetary System? i.e. Say you want to raise 200k NXT with a deadline in 30 days time. People put up the money bit by bit and it is all held by the protocol (a trustless escrow). The dev can't run away with it part way through the process. When the deadline comes, the protocol checks if the amount raised is 200k or more. If it is, the 200k NXT is released to you for your successfully funded project and tokens representing a stake in your project are sent to the funders (optional, I believe). If less than 200k, then all NXT are returned to those who sent them. All trustlessly and all for a cost of 40 NXT ;D But no one does, not counting the 1000s of scams currently listed on the hardly ever used asset exchange. I mean the NXT technology is simply fantastic, but it needs PROPER Advertising. A new website isn't going to do shit to help promote a niche cryptocurrency in this microcosm of a niche we already exist in. It seems there is no shop accepting the NXT. Apart from being exchanged to other coins, does it have practical usage? Title: Re: Why is NXT not the number 2 coin? Post by: yohanip on January 10, 2016, 03:36:27 PM NXT has become the benchmark for the features it have and propose, but unfortunately it take too much time to be adapted by the general audience, with a lot of alt-coin and discoveries popping up each seconds, this coin got abandoned by the crowd seeking for the more prettier, bigger, and glorious alt-coin public announcements
Title: Re: Why is NXT not the number 2 coin? Post by: MaxTax on January 10, 2016, 03:37:12 PM So you are down to crowdfunding... or platforms like NXT. Did you know you can do trustless crowd funding in Nxt's Monetary System? i.e. Say you want to raise 200k NXT with a deadline in 30 days time. People put up the money bit by bit and it is all held by the protocol (a trustless escrow). The dev can't run away with it part way through the process. When the deadline comes, the protocol checks if the amount raised is 200k or more. If it is, the 200k NXT is released to you for your successfully funded project and tokens representing a stake in your project are sent to the funders (optional, I believe). If less than 200k, then all NXT are returned to those who sent them. All trustlessly and all for a cost of 40 NXT ;D But no one does, not counting the 1000s of scams currently listed on the hardly ever used asset exchange. I mean the NXT technology is simply fantastic, but it needs PROPER Advertising. A new website isn't going to do shit to help promote a niche cryptocurrency in this microcosm of a niche we already exist in. It seems there is no shop accepting the NXT. Apart from being exchanged to other coins, does it have practical usage? The infrastrucure behind NXT is good, i've used it and sure it uses a lot of resources but it's stable. The problem though is that too much is focused on coding instead of marketing. Title: Re: Why is NXT not the number 2 coin? Post by: jabo38 on January 10, 2016, 05:03:56 PM NXT just had a new release and has some really interesting features. If everything else could come together for it, it could do well.
Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 10, 2016, 05:34:27 PM NXT just had a new release and has some really interesting features. If everything else could come together for it, it could do well. Yes, I found this at https://www.linkedin.com/pulse/nxt-17-complete-toolset-bas-wisselink Quote The NXT 1.7 branch is about to go live. After four so called "experimental" versions that ran on the NXT Testnet, NXT 1.7.4 has been released for the main net on the 1st of January and its functions will go live after a hard fork on the 21st of January. The 1.7 branch improves on several issues that users brought to the attention of the developers. Probably the most anticipated is the improvements that have been made to the block time algorithm, which will all but eliminate the dreaded "long blocks" that blockchain systems sometimes experience. NXT 1.7.4 will cut block times to approximately 60 seconds. Other tweaks are UI enhancements and an overhaul of the NXT Data Cloud system (implemented in the 1.5 branch last year), the instant execution of certain transactions once a vote is decided and the spreading of larger fees over blocks. Apart from tweaks, the 1.7 branch will include new feature that will allow you to use NXT in new ways:
NXT continues to expand its feature set into directly usable features for developers. Coin Shuffling is the first truly decentralised feature of its kind. Whereas for bitcoin you would need to trust an external party to do your mixing for you, starting with the 1.7 branch, this is an in-built feature of NXT. The shuffling algorithm is based on a paper by Tim Ruffing at al. and has been audited by Tim Ruffing himself. Coin Shuffling allows NXT to take on the nature of cash if users choose to want to use it in this way, in that they will be able to use their coins without them being traceable. Shuffling also ensures NXT will remain fungible. Account Control allows users to set up their accounts in such a way that transactions can only be executed after a previously determined form of Vote. This has the advantage of massively increasing account security, and also allows setting up accounts for companies. By using the "Vote by Asset" feature, it is possible to let Asset holders directly be involved in company spendings, for instance. Account Properties allow both the user and other parties to assign values to NXT accounts. This means it is possible to "tag" accounts in any way you want. Properties can only be changed by the account that assigned them. Singleton Assets are a specific class of Asset for non divisible virtual unique objects. Data Cloud allows you to upload and store up to 42k of data on the blockchain. To avoid bloat the data is by default stored for two weeks only , but can optionally be stored longer or indefinitely by some nodes, and can be verified against the blockchain even after expiration. Title: Re: Why is NXT not the number 2 coin? Post by: barabbas on January 11, 2016, 06:48:15 AM NXT just had a new release and has some really interesting features. If everything else could come together for it, it could do well. Yes, I found this at https://www.linkedin.com/pulse/nxt-17-complete-toolset-bas-wisselink Quote The NXT 1.7 branch is about to go live. After four so called "experimental" versions that ran on the NXT Testnet, NXT 1.7.4 has been released for the main net on the 1st of January and its functions will go live after a hard fork on the 21st of January. The 1.7 branch improves on several issues that users brought to the attention of the developers. Probably the most anticipated is the improvements that have been made to the block time algorithm, which will all but eliminate the dreaded "long blocks" that blockchain systems sometimes experience. NXT 1.7.4 will cut block times to approximately 60 seconds. Other tweaks are UI enhancements and an overhaul of the NXT Data Cloud system (implemented in the 1.5 branch last year), the instant execution of certain transactions once a vote is decided and the spreading of larger fees over blocks. Apart from tweaks, the 1.7 branch will include new feature that will allow you to use NXT in new ways:
NXT continues to expand its feature set into directly usable features for developers. Coin Shuffling is the first truly decentralised feature of its kind. Whereas for bitcoin you would need to trust an external party to do your mixing for you, starting with the 1.7 branch, this is an in-built feature of NXT. The shuffling algorithm is based on a paper by Tim Ruffing at al. and has been audited by Tim Ruffing himself. Coin Shuffling allows NXT to take on the nature of cash if users choose to want to use it in this way, in that they will be able to use their coins without them being traceable. Shuffling also ensures NXT will remain fungible. Account Control allows users to set up their accounts in such a way that transactions can only be executed after a previously determined form of Vote. This has the advantage of massively increasing account security, and also allows setting up accounts for companies. By using the "Vote by Asset" feature, it is possible to let Asset holders directly be involved in company spendings, for instance. Account Properties allow both the user and other parties to assign values to NXT accounts. This means it is possible to "tag" accounts in any way you want. Properties can only be changed by the account that assigned them. Singleton Assets are a specific class of Asset for non divisible virtual unique objects. Data Cloud allows you to upload and store up to 42k of data on the blockchain. To avoid bloat the data is by default stored for two weeks only , but can optionally be stored longer or indefinitely by some nodes, and can be verified against the blockchain even after expiration. After these implementations, NXT is sure to become the new Bitcoin. Maybe even the new US dollar... Maybe even, the Next big thing... One NXT will buy you a lambo, for sure. Maybe even two... Title: Re: Why is NXT not the number 2 coin? Post by: hotsurfing on January 11, 2016, 01:48:12 PM NXT just had a new release and has some really interesting features. If everything else could come together for it, it could do well. Yes, I found this at https://www.linkedin.com/pulse/nxt-17-complete-toolset-bas-wisselink Quote The NXT 1.7 branch is about to go live. After four so called "experimental" versions that ran on the NXT Testnet, NXT 1.7.4 has been released for the main net on the 1st of January and its functions will go live after a hard fork on the 21st of January. The 1.7 branch improves on several issues that users brought to the attention of the developers. Probably the most anticipated is the improvements that have been made to the block time algorithm, which will all but eliminate the dreaded "long blocks" that blockchain systems sometimes experience. NXT 1.7.4 will cut block times to approximately 60 seconds. Other tweaks are UI enhancements and an overhaul of the NXT Data Cloud system (implemented in the 1.5 branch last year), the instant execution of certain transactions once a vote is decided and the spreading of larger fees over blocks. Apart from tweaks, the 1.7 branch will include new feature that will allow you to use NXT in new ways:
NXT continues to expand its feature set into directly usable features for developers. Coin Shuffling is the first truly decentralised feature of its kind. Whereas for bitcoin you would need to trust an external party to do your mixing for you, starting with the 1.7 branch, this is an in-built feature of NXT. The shuffling algorithm is based on a paper by Tim Ruffing at al. and has been audited by Tim Ruffing himself. Coin Shuffling allows NXT to take on the nature of cash if users choose to want to use it in this way, in that they will be able to use their coins without them being traceable. Shuffling also ensures NXT will remain fungible. Account Control allows users to set up their accounts in such a way that transactions can only be executed after a previously determined form of Vote. This has the advantage of massively increasing account security, and also allows setting up accounts for companies. By using the "Vote by Asset" feature, it is possible to let Asset holders directly be involved in company spendings, for instance. Account Properties allow both the user and other parties to assign values to NXT accounts. This means it is possible to "tag" accounts in any way you want. Properties can only be changed by the account that assigned them. Singleton Assets are a specific class of Asset for non divisible virtual unique objects. Data Cloud allows you to upload and store up to 42k of data on the blockchain. To avoid bloat the data is by default stored for two weeks only , but can optionally be stored longer or indefinitely by some nodes, and can be verified against the blockchain even after expiration. After these implementations, NXT is sure to become the new Bitcoin. Maybe even the new US dollar... Maybe even, the Next big thing... One NXT will buy you a lambo, for sure. Maybe even two... I concur Title: Re: Why is NXT not the number 2 coin? Post by: maokoto on January 11, 2016, 02:02:57 PM The success of coins is based a lot on adoption, and for a coin to be adopted by more people it is good to keep it simple and easy to begin using it. I feel NXT (and also Ethereum) are too complicated to get working. Of course not for techy guys, but go try to explain your regular pc user friend how to put NXT to work (not to mention to explain its features).
Even with Bitcoin, which has lots of online wallets and services to make things easier, it is hard for regular people to use it. Title: Re: Why is NXT not the number 2 coin? Post by: JReag on January 11, 2016, 02:21:43 PM NXT just had a new release and has some really interesting features. If everything else could come together for it, it could do well. Yes, I found this at https://www.linkedin.com/pulse/nxt-17-complete-toolset-bas-wisselink Quote The NXT 1.7 branch is about to go live. After four so called "experimental" versions that ran on the NXT Testnet, NXT 1.7.4 has been released for the main net on the 1st of January and its functions will go live after a hard fork on the 21st of January. The 1.7 branch improves on several issues that users brought to the attention of the developers. Probably the most anticipated is the improvements that have been made to the block time algorithm, which will all but eliminate the dreaded "long blocks" that blockchain systems sometimes experience. NXT 1.7.4 will cut block times to approximately 60 seconds. Other tweaks are UI enhancements and an overhaul of the NXT Data Cloud system (implemented in the 1.5 branch last year), the instant execution of certain transactions once a vote is decided and the spreading of larger fees over blocks. Apart from tweaks, the 1.7 branch will include new feature that will allow you to use NXT in new ways:
NXT continues to expand its feature set into directly usable features for developers. Coin Shuffling is the first truly decentralised feature of its kind. Whereas for bitcoin you would need to trust an external party to do your mixing for you, starting with the 1.7 branch, this is an in-built feature of NXT. The shuffling algorithm is based on a paper by Tim Ruffing at al. and has been audited by Tim Ruffing himself. Coin Shuffling allows NXT to take on the nature of cash if users choose to want to use it in this way, in that they will be able to use their coins without them being traceable. Shuffling also ensures NXT will remain fungible. Account Control allows users to set up their accounts in such a way that transactions can only be executed after a previously determined form of Vote. This has the advantage of massively increasing account security, and also allows setting up accounts for companies. By using the "Vote by Asset" feature, it is possible to let Asset holders directly be involved in company spendings, for instance. Account Properties allow both the user and other parties to assign values to NXT accounts. This means it is possible to "tag" accounts in any way you want. Properties can only be changed by the account that assigned them. Singleton Assets are a specific class of Asset for non divisible virtual unique objects. Data Cloud allows you to upload and store up to 42k of data on the blockchain. To avoid bloat the data is by default stored for two weeks only , but can optionally be stored longer or indefinitely by some nodes, and can be verified against the blockchain even after expiration. After these implementations, NXT is sure to become the new Bitcoin. Maybe even the new US dollar... Maybe even, the Next big thing... One NXT will buy you a lambo, for sure. Maybe even two... I concur The success of coins is based a lot on adoption, and for a coin to be adopted by more people it is good to keep it simple and easy to begin using it. I feel NXT (and also Ethereum) are too complicated to get working. Of course not for techy guys, but go try to explain your regular pc user friend how to put NXT to work (not to mention to explain its features). I think anyone who's sensible has been saying this for awhile. Will 2016 bet the year of Ethereum? No, NXT, no bitshares or monero, no!!! Probably none of them. Even with Bitcoin, which has lots of online wallets and services to make things easier, it is hard for regular people to use it. These new techs are great but how the FK do they put the power back in the hands of the people. It's like saying you invented the printing press in the 1200s but it can only write Choctaw. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 11, 2016, 08:03:47 PM Too early for the general public anyway. Who used email in the early nineties? Unless there's some sudden killer feature (maybe poker?) crypto at the moment should be aimed at IT/finance geeks imo.
And yes, the default NXT client has developed many features and menus and buttons these couple of years. Ranging from basic coin functions (like any crypto) to assets, messaging, marketplace, monetary system coins, etc etc. It does need a new button imo, called ' Simple/Advanced view' :P http://nxt.org/demo Title: Re: Why is NXT not the number 2 coin? Post by: EvilDave on January 11, 2016, 11:41:04 PM Yep, habraken, you ain't wrong. We are working (well, arguing about) a ' Simple/Advanced view' implementation in the client, and there are a couple of fairly simple routes to achieve that......stay tuned, we should have something happeining soon(ish) on that front.
Title: Re: Why is NXT not the number 2 coin? Post by: 1btcdream on January 12, 2016, 06:30:43 AM Yep, habraken, you ain't wrong. We are working (well, arguing about) a ' Simple/Advanced view' implementation in the client, and there are a couple of fairly simple routes to achieve that......stay tuned, we should have something happeining soon(ish) on that front. That would be great, can't wait for the market cap go up again and stay where it rightfully belongs. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 12, 2016, 07:19:13 AM Yep, habraken, you ain't wrong. We are working (well, arguing about) a ' Simple/Advanced view' implementation in the client, and there are a couple of fairly simple routes to achieve that......stay tuned, we should have something happeining soon(ish) on that front. That would be great, can't wait for the market cap go up again and stay where it rightfully belongs. Yeah, but I don't think a lot of people try to install the client, and then uninstall it and leave NXT because at first glance it seems too complex. CMC = mostly traders and speculators imo. So I don't expect much (or any) impact on marketcap by showing a simpler client by default. Title: Re: Why is NXT not the number 2 coin? Post by: ridery99 on January 12, 2016, 08:06:16 AM Because what nerds here usually can't realize is that tech has nothing to do with the success of the coin ;)
Title: Re: Why is NXT not the number 2 coin? Post by: samanas on January 12, 2016, 09:56:09 AM Ehtereum is going to be PoS within a year, that will be a big competition to NXT.
Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 12, 2016, 02:24:36 PM Because what nerds here usually can't realize is that tech has nothing to do with the success of the coin ;) Depends. I imagine when a company needs a private/whitelabel blockchain, the tech is important. And they'd rather use or clone (or license) the NXT tech than the DOGE tech ;)Title: Re: Why is NXT not the number 2 coin? Post by: nxtZen on January 13, 2016, 08:47:57 AM The success of coins is based a lot on adoption, and for a coin to be adopted by more people it is good to keep it simple and easy to begin using it. I feel NXT (and also Ethereum) are too complicated to get working. Of course not for techy guys, but go try to explain your regular pc user friend how to put NXT to work (not to mention to explain its features). Even with Bitcoin, which has lots of online wallets and services to make things easier, it is hard for regular people to use it. If you compare the NXT to Etherium - the first is incomparably easier and more convenient for the end user. In addition, the already "here and now" NXT offers a set of functions to work well. NXT client is easy to install for any user, even more so - it is now implemented as a simple and easy installers for all platforms. P.S. But yes - marketing "lame" I hope the situation is corrected Title: Re: Why is NXT not the number 2 coin? Post by: samanas on January 13, 2016, 09:44:40 AM The success of coins is based a lot on adoption, and for a coin to be adopted by more people it is good to keep it simple and easy to begin using it. I feel NXT (and also Ethereum) are too complicated to get working. Of course not for techy guys, but go try to explain your regular pc user friend how to put NXT to work (not to mention to explain its features). Even with Bitcoin, which has lots of online wallets and services to make things easier, it is hard for regular people to use it. If you compare the NXT to Etherium - the first is incomparably easier and more convenient for the end user. In addition, the already "here and now" NXT offers a set of functions to work well. NXT client is easy to install for any user, even more so - it is now implemented as a simple and easy installers for all platforms. P.S. But yes - marketing "lame" I hope the situation is corrected Does NXT have a plan to be used by general public, retailers or B2B? If so, it could increase its reach in the society. Title: Re: Why is NXT not the number 2 coin? Post by: nxtZen on January 13, 2016, 10:10:50 AM The success of coins is based a lot on adoption, and for a coin to be adopted by more people it is good to keep it simple and easy to begin using it. I feel NXT (and also Ethereum) are too complicated to get working. Of course not for techy guys, but go try to explain your regular pc user friend how to put NXT to work (not to mention to explain its features). Even with Bitcoin, which has lots of online wallets and services to make things easier, it is hard for regular people to use it. If you compare the NXT to Etherium - the first is incomparably easier and more convenient for the end user. In addition, the already "here and now" NXT offers a set of functions to work well. NXT client is easy to install for any user, even more so - it is now implemented as a simple and easy installers for all platforms. P.S. But yes - marketing "lame" I hope the situation is corrected Does NXT have a plan to be used by general public, retailers or B2B? If so, it could increase its reach in the society. Now the community works on advance of a coin. Marketing and advertizing programs for 2016, plus further development of a functionality for real use were declared. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 13, 2016, 10:32:08 AM Does NXT have a plan to be used by general public, retailers or B2B? If so, it could increase its reach in the society. Last year the community crowdfunded (using the NXT platform of course) about EUR 70k in donations, if I remember correctly, for a marketing initiative Project Tennessee. Also to develop use cases for businesses. https://nxtforum.org/general-discussion/(marketing-business-and-development)-the-tennessee-project-fundraiser/ Still, it's difficult to get any exposure when you're a decentralized and partly anonymous community, no famous names or faces, no VC millions to spend ;) Title: Re: Why is NXT not the number 2 coin? Post by: farl4web on January 14, 2016, 02:48:21 PM I don't think Nxt will be number 2 ever....
I think we are at number 3, like Apple, Microsoft and Linux, Bitcoin, Ethereum and Nxt. :) Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on January 14, 2016, 02:56:02 PM I don't think Nxt will be number 2 ever.... I think we are at number 3, like Apple, Microsoft and Linux, Bitcoin, Ethereum and Nxt. :) Care to explain why? Title: Re: Why is NXT not the number 2 coin? Post by: bl234st on January 14, 2016, 09:03:12 PM Can you buy actual physical Gold on the NXT plarform? Not some asset backed by nothing, but REAL GOLD? Stored in vaults?
http://www.reuters.com/article/malcaamit-silvervault-idUSL4N0FZ10P20130729 https://www.reddit.com/r/ethereum/comments/40yd17/digix_is_now_live/ https://www.dgx.io/ GTFO with your comparison of NXT and ETH. NXT is a circle jerk with no interest other than a few shills who flood this place with promises that go nowhere. Look at the volume. No interest means NO INTEREST! NXT has been dead for over a year, and you think EvilDave is going to save it? What is Daves marketing background? Spending his youth going to Raves in the nineties? Are you kidding me? Driving around in a Lambo? Only a teenager would be be impressed with that garbage. What a fucking joke! Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 14, 2016, 09:32:22 PM What a fucking joke! Yes you are. Not a very good troll either. Go practise some more.Title: Re: Why is NXT not the number 2 coin? Post by: bl234st on January 14, 2016, 09:49:04 PM What a fucking joke! Yes you are. Not a very good troll either. Go practise some more.Answer the fuckin question SHILL. Can you buy Gold on the NXT platform? No you can't, and do you know why? Because no ADULT would ever trust, or invest in something backed by a bunch of shills who haven't had their balls drop yet. You got suckered in because you have no clue what REAL development looks like. Why, because you are an idiot who can't even spell. Maybe you should PRACTICE. Lmao! Title: Re: Why is NXT not the number 2 coin? Post by: stoat on January 15, 2016, 12:45:14 AM The more I hear about NXT the more I begin to like it.
That said; They seem to be having a terrible time recently, if butthurt could solve sha256 they'd be very rich men. Like someone said upthread, there is no known name no central figurehead to promote the coin to big organisations no talking heads to make youtube videos explaining the coin. so it depends on Grassroots promotion But i dont see it anywhere outside of this forum! Is there no one in NXT who knows how to write a press release? In what sources of media would I find articles about nxt? Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on January 15, 2016, 05:11:10 AM the stuff nxt is doing is extremely under-marketed.... i've been following both nxt and ethereum since the beginning. most of us are basing these crypto's on their coin. should really look at the platform instead. honestly, i can't see anyone using either of the platforms currency for day to day purchases at its current state right now. keep in mind ethereum is still being developed and gaining traction among typical developers, but nxt is being developed in a way its more controlled. yes ethereum can do everything nxt can do assuming someone develops nxt's same features. But if someone was to replicate the asset exchange or marketplace on ethereum. nothing stops another dev replicating that exact same feature as another ethereum smart contract creating dilution and confusion. imo, i think the anonymous devs behind nxt is playing their cards right by waiting to compete with ethereum on the smart contracts. keep in mind ethereum's smart contract code is public, nothing stops another blockchain from cannibalizing ethereum's user generated smart contract scripts into another system once its been tested working. just a humble opinion.
nxt has an upcoming decentralized bitcoin mixer coming out end of the month. this is a pretty big deal. mixing your btc on top of another platform. Title: Re: Why is NXT not the number 2 coin? Post by: DecentralizeEconomics on January 15, 2016, 06:51:39 AM I don't think Nxt will be number 2 ever.... I think we are at number 3, like Apple, Microsoft and Linux, Bitcoin, Ethereum and Nxt. :) Care to explain why? This is the genius the "NXT marketing team" hired to redo the "official" NXT website. Why don't you put that on the main page of the website, moron. https://i.imgur.com/aGMBTLK.png Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 15, 2016, 11:33:32 AM Why, because you are an idiot http://www.world-english.org/practise_practice.htmwho can't even spell. Maybe you should PRACTICE. Lmao! Too lazy to even use Google eh? Wonder why people don't take you seriously as a troll? :) Oh, and we should remember not everyone is a native english speaker, so we can't expect spelling to be 100% correct. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 15, 2016, 11:46:17 AM The more I hear about NXT the more I begin to like it. Looking at price yes, which has been stable for a long time, till some early investor whale(s) began dumping. There was some ensuing panic selling by others. The assets bubble burst, too many expectations of short term profit. Then of course there's Ethereum that took some marketcap from NXT. And lastly disagreements between NXT and SuperNET devs about API changes and the way those were communicated.That said; They seem to be having a terrible time recently, if butthurt could solve sha256 they'd be very rich men. Like someone said upthread, there is no known name no central figurehead to promote the coin to big organisations no talking heads to make youtube videos explaining the coin. so it depends on Grassroots promotion But i dont see it anywhere outside of this forum! Is there no one in NXT who knows how to write a press release? In what sources of media would I find articles about nxt? But there's (marketing) projects in the pipeline I hear: https://nxtforum.org/general-discussion/(marketing-business-and-development)-the-tennessee-project-fundraiser/ A redesign of the website(s), maybe simplify the client. And of course the new features in the new release: https://www.linkedin.com/pulse/nxt-17-complete-toolset-bas-wisselink So yes, tech value is ever increasing, but unfortunately it's all very much under the radar, so the price doesn't follow the value of the platform. It's all about Ethereum :) Most people in the NXT community don't even bother with Bitcointalk anymore, too many trolls and crazy modding. Community is mostly on Slack chat and in the NXT forum: https://nxtforum.org/core-development-discussion/nxt-2-0-what-is-it/ Title: Re: Why is NXT not the number 2 coin? Post by: stoat on January 15, 2016, 03:26:03 PM Thank you. I will check it out.
Title: Re: Why is NXT not the number 2 coin? Post by: ShroomsKit_Disgrace on January 18, 2016, 10:32:12 AM That is my question for myself every morning....
Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on January 20, 2016, 04:37:27 AM That is my question for myself every morning.... same here... makes no sense. Title: Re: Why is NXT not the number 2 coin? Post by: Hachoir on January 20, 2016, 08:17:47 AM It's pretty simple, it lacks adoption.
Title: Re: Why is NXT not the number 2 coin? Post by: Richard1972x on January 20, 2016, 08:35:54 AM It's pretty simple, it lacks adoption. Problem is a lot of things have failed to get adoption. Think about the Alias-system. Or the Monetary-System. Or the Market Place. So the Mission to be the “Nxt Bitcoin” overall was not successful. But what works very well is the user-friendly client and the Asset Exchange, where are a lot of Assets are active. This are the two main reasons I still see potential for Nxt to get into the Top 10. Probably the new functions from the new client also will help like Account control. Title: Re: Why is NXT not the number 2 coin? Post by: Hachoir on January 20, 2016, 08:44:58 AM The correction of the block times to 1 minute and the addition of anon features will help too.
Title: Re: Why is NXT not the number 2 coin? Post by: ShroomsKit_Disgrace on January 20, 2016, 09:58:29 AM The correction of the block times to 1 minute and the addition of anon features will help too. When will this be introduced? Also, thanks for the heads-up. Title: Re: Why is NXT not the number 2 coin? Post by: Hachoir on January 20, 2016, 10:05:50 AM This will come with the activation of the new protocol, which will be after the hard fork occuring tomorrow.
Title: Re: Why is NXT not the number 2 coin? Post by: hotsurfing on January 20, 2016, 12:47:19 PM This will come with the activation of the new protocol, which will be after the hard fork occuring tomorrow. Cool bananas :o Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 20, 2016, 01:20:00 PM And don't forget about Coin Shuffling, "a fully decentralized coin mixing, to improve account privacy."
Title: Re: Why is NXT not the number 2 coin? Post by: box0211 on January 22, 2016, 05:03:35 PM And don't forget about Coin Shuffling, "a fully decentralized coin mixing, to improve account privacy." what's wrong with bitmixer? Title: Re: Why is NXT not the number 2 coin? Post by: Sebastien256 on January 22, 2016, 05:16:33 PM And don't forget about Coin Shuffling, "a fully decentralized coin mixing, to improve account privacy." what's wrong with bitmixer? Fees! Title: Re: Why is NXT not the number 2 coin? Post by: Hachoir on January 22, 2016, 05:54:17 PM So to shuffle BTC using Nxt platform, one buys superBTC assets on the asset exchange, uses the coinshuffle feature, then withdraws with the supernet client ? Or also deposits BTC with supernet, uses the coinshuffle feature then withdraws
Title: Re: Why is NXT not the number 2 coin? Post by: mathgal23 on January 22, 2016, 06:29:35 PM I see 2 problems with NXT
First there needs to be more marketing to grow the community Second there needs to be less circle jerking about CoinShuffle and more work on integrating the best anonymous technology available for SuperNet today, which is CryptoNote (https://github.com/cryptozoidberg/boolberry/commit/14eba55b4a496f2f04f5ad33891fe9f172b7d3db). The API work has already been done on the BBR side. SuperNet needs to stop pumping NXT (Coinshuffle) and BTCD (telepods) and integrate BBR already. Title: Re: Why is NXT not the number 2 coin? Post by: Hachoir on January 22, 2016, 06:41:18 PM Wtf circle jerking are you talking about that's stupid I don't do that it's crap keep that shit for yourself I'm pointing out the process
Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on January 22, 2016, 07:38:02 PM I see 2 problems with NXT First there needs to be more marketing to grow the community Second there needs to be less circle jerking about CoinShuffle and more work on integrating the best anonymous technology available for SuperNet today, which is CryptoNote (https://github.com/cryptozoidberg/boolberry/commit/14eba55b4a496f2f04f5ad33891fe9f172b7d3db). The API work has already been done on the BBR side. SuperNet needs to stop pumping NXT (Coinshuffle) and BTCD (telepods) and integrate BBR already. care to explain how cryptonote works vs the others like monero/dash? Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 22, 2016, 10:10:35 PM And don't forget about Coin Shuffling, "a fully decentralized coin mixing, to improve account privacy." what's wrong with bitmixer? Bitmixer is a centralized service, requiring you to trust them with your money. And pay fees yes. "Our business model relies upon having an outstanding reputation in the Bitcoin community. If you have any doubts, you can mix your coins step by step using small amounts. Our proprietary Bitmixer code ensures that your previous coins will never be mixed with new ones." NXT Coin Shuffling is done on the blockchain, no trust needed. Title: Re: Why is NXT not the number 2 coin? Post by: TechorMarketing on January 22, 2016, 11:45:22 PM I see 2 problems with NXT First there needs to be more marketing to grow the community Second there needs to be less circle jerking about CoinShuffle and more work on integrating the best anonymous technology available for SuperNet today, which is CryptoNote (https://github.com/cryptozoidberg/boolberry/commit/14eba55b4a496f2f04f5ad33891fe9f172b7d3db). The API work has already been done on the BBR side. SuperNet needs to stop pumping NXT (Coinshuffle) and BTCD (telepods) and integrate BBR already. care to explain how cryptonote works vs the others like monero/dash? Monero is a CryptoNote coin. Dash uses masternodes to perform a modified version of CoinJoin they call DarkSend Title: Re: Why is NXT not the number 2 coin? Post by: sadface on January 23, 2016, 10:25:14 PM I see 2 problems with NXT First there needs to be more marketing to grow the community Second there needs to be less circle jerking about CoinShuffle and more work on integrating the best anonymous technology available for SuperNet today, which is CryptoNote (https://github.com/cryptozoidberg/boolberry/commit/14eba55b4a496f2f04f5ad33891fe9f172b7d3db). The API work has already been done on the BBR side. SuperNet needs to stop pumping NXT (Coinshuffle) and BTCD (telepods) and integrate BBR already. supernet and nxt are seperate entities. supernet utilizes nxt, but is developed by another dev team. its a cool project, but i dont see why the nxt platform should trust a third party to realize privacy. nxt is and will be used without supernet. Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on January 23, 2016, 11:05:20 PM I see 2 problems with NXT First there needs to be more marketing to grow the community Second there needs to be less circle jerking about CoinShuffle and more work on integrating the best anonymous technology available for SuperNet today, which is CryptoNote (https://github.com/cryptozoidberg/boolberry/commit/14eba55b4a496f2f04f5ad33891fe9f172b7d3db). The API work has already been done on the BBR side. SuperNet needs to stop pumping NXT (Coinshuffle) and BTCD (telepods) and integrate BBR already. supernet and nxt are seperate entities. supernet utilizes nxt, but is developed by another dev team. its a cool project, but i dont see why the nxt platform should trust a third party to realize privacy. nxt is and will be used without supernet. why couldnt nxt just integrate cryptonote instead of coinshuffle? Title: Re: Why is NXT not the number 2 coin? Post by: tokeweed on January 24, 2016, 05:44:18 AM I see 2 problems with NXT First there needs to be more marketing to grow the community Second there needs to be less circle jerking about CoinShuffle and more work on integrating the best anonymous technology available for SuperNet today, which is CryptoNote (https://github.com/cryptozoidberg/boolberry/commit/14eba55b4a496f2f04f5ad33891fe9f172b7d3db). The API work has already been done on the BBR side. SuperNet needs to stop pumping NXT (Coinshuffle) and BTCD (telepods) and integrate BBR already. supernet and nxt are seperate entities. supernet utilizes nxt, but is developed by another dev team. its a cool project, but i dont see why the nxt platform should trust a third party to realize privacy. nxt is and will be used without supernet. Is Supernet still being developed on top of NXT? We gathered that the lead dev is dropping NXT due to some API issues in one of the upgrades. And that the Supernet lead dev was the one responsible for dumping all that NXT to its lows. Title: Re: Why is NXT not the number 2 coin? Post by: JReag on January 24, 2016, 06:15:31 AM I see 2 problems with NXT First there needs to be more marketing to grow the community Second there needs to be less circle jerking about CoinShuffle and more work on integrating the best anonymous technology available for SuperNet today, which is CryptoNote (https://github.com/cryptozoidberg/boolberry/commit/14eba55b4a496f2f04f5ad33891fe9f172b7d3db). The API work has already been done on the BBR side. SuperNet needs to stop pumping NXT (Coinshuffle) and BTCD (telepods) and integrate BBR already. supernet and nxt are seperate entities. supernet utilizes nxt, but is developed by another dev team. its a cool project, but i dont see why the nxt platform should trust a third party to realize privacy. nxt is and will be used without supernet. Is Supernet still being developed on top of NXT? We gathered that the lead dev is dropping NXT due to some API issues in one of the upgrades. And that the Supernet lead dev was the one responsible for dumping all that NXT to its lows. Title: Re: Why is NXT not the number 2 coin? Post by: habraken on January 24, 2016, 02:46:36 PM I see 2 problems with NXT First there needs to be more marketing to grow the community Second there needs to be less circle jerking about CoinShuffle and more work on integrating the best anonymous technology available for SuperNet today, which is CryptoNote (https://github.com/cryptozoidberg/boolberry/commit/14eba55b4a496f2f04f5ad33891fe9f172b7d3db). The API work has already been done on the BBR side. SuperNet needs to stop pumping NXT (Coinshuffle) and BTCD (telepods) and integrate BBR already. supernet and nxt are seperate entities. supernet utilizes nxt, but is developed by another dev team. its a cool project, but i dont see why the nxt platform should trust a third party to realize privacy. nxt is and will be used without supernet. Is Supernet still being developed on top of NXT? We gathered that the lead dev is dropping NXT due to some API issues in one of the upgrades. And that the Supernet lead dev was the one responsible for dumping all that NXT to its lows. As far as I know SuperNET was never developed 'on top of' NXT, but it uses the NXT Asset Exchange a lot for SuperNET related assets and dividends. And since NXT is one of the SuperNET core 'coins', anyone using SuperNET can use the NXT features. At the moment the 'advanced view' of the SuperNET client/wallet closely resembles the NXT client. It's more accurate to say SuperNET is developed on top of BitcoinDark (BTCD). The disagreement about the (lack of) communication of NXT API changes made the SuperNET dev decide to reduce the SuperNET dependencies on NXT. Sounds sensible imo. There was never any dumping by the SuperNET dev. That was mostly done by some early investor whale known as 'LSUM'. Title: Re: Why is NXT not the number 2 coin? Post by: sadface on January 24, 2016, 05:29:59 PM I see 2 problems with NXT First there needs to be more marketing to grow the community Second there needs to be less circle jerking about CoinShuffle and more work on integrating the best anonymous technology available for SuperNet today, which is CryptoNote (https://github.com/cryptozoidberg/boolberry/commit/14eba55b4a496f2f04f5ad33891fe9f172b7d3db). The API work has already been done on the BBR side. SuperNet needs to stop pumping NXT (Coinshuffle) and BTCD (telepods) and integrate BBR already. supernet and nxt are seperate entities. supernet utilizes nxt, but is developed by another dev team. its a cool project, but i dont see why the nxt platform should trust a third party to realize privacy. nxt is and will be used without supernet. why couldnt nxt just integrate cryptonote instead of coinshuffle? you're going to have to ask jean-luc, but if i had to guess it is because of blockchain size. the dev team forced a switch to prunable messages by putting a 'fee by size' structure on permenant messages. they are very keen on keeping the blockchain slim. also the big project for 2016 are child chains. i haven't looked into cryptonote much. iirc there were some bloat issues (bbr implementing pruning). if im not mistaken the coin shuffling implementation is based on this paper: http://crypsys.mmci.uni-saarland.de/projects/CoinShuffle/coinshuffle.pdf there is a discussion about it here: https://bitcointalk.org/index.php?topic=1179305.0 one of the authors reviewed the code: https://nxtforum.org/core-development-discussion/coin-shuffling-code-review-by-tim-ruffing/ Title: Re: Why is NXT not the number 2 coin? Post by: deadpoolx on February 10, 2016, 09:49:58 PM That is my question for myself every morning.... same here... makes no sense. Don't worry. Real investors are buying quietly, while cheap. I mean, real investors who know what's coming... ;) Title: Re: Why is NXT not the number 2 coin? Post by: hotsurfing on February 11, 2016, 07:26:33 AM The total collapse of the financial system? Everyone knows that
Title: Re: Why is NXT not the number 2 coin? Post by: box0214 on February 11, 2016, 10:44:09 PM just implemented warp wallet into nxt... now every nxt account is associated with a btc address... https://bitcointalk.org/index.php?topic=1361397.0
Quote Was looking for a Bitcoin Warp Wallet setup with NXT and couldn't find one. So decided to just strip out the existing Warp wallet and integrate it into the nxt wallet. Benefits of Warp Wallet + NXT: - Remember 1 passphrase to generate your BTC and NXT wallet - Deters brute forcing of passphrase as its cpu intensive to generate the addresses - NXT passphrase uses the generated public and private key combined. - BTC address shows up in your NXT user panel for easy viewing. https://i.imgur.com/RSKa6QW.png https://i.imgur.com/OoG4pin.png https://i.imgur.com/Pola2CL.png https://i.imgur.com/z30dU9B.png Warp wallet code: Paste the following javascript code in /html/ui/index.html file. Paste it right before the </body tag http://pastebin.com/idWnDTTy -- Use code with caution. Test it in a sandbox. I got the code from here: https://keybase.io/warp Downloaded the single file and stripped out the jquery, and commented out a few lines in the js. Then added in my own JS on the top. Title: Re: Why is NXT not the number 2 coin? Post by: deadpoolx on February 12, 2016, 06:12:23 PM Rising again, just take the train while there is time.
Title: Re: Why is NXT not the number 2 coin? Post by: Lintel on February 24, 2016, 06:08:50 PM Rising again, just take the train while there is time. It is dropping again. The bitcoin price is so unpredictable. It just dropped from $460 to $410. Title: Re: Why is NXT not the number 2 coin? Post by: Marc De Mesel on February 24, 2016, 06:14:15 PM Rising again, just take the train while there is time. It is dropping again. The bitcoin price is so unpredictable. It just dropped from $460 to $410. Nxt we're talking, that's the Nxt generation of Cryptocurrency ;) |
