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I have spoken to many people on forums and IRL and the ones that have heard about NXT or the ones that already invested in it say it's a great coin. After I read up a lot of info I also decided togive the platform and currency a try ! I love the platform and in my opinion it is the best out there .. Now, what it all comes down to, is that Nxt has great development , a great active community and many features that overrule a lot of other coins if you look at it. BUT, the major and primairy role why it isn't succeeding is the lack of marketing done by anyone in the community. IT's funny that people put tons of effort in features and then don't use them to the extend they are ment to be used !

So how can I boost Nxt's marketing in a efficient way so that the overall crypto public, actually gets to know the coin and sees the benefits of it like I do ?
I'm already very active on the Nxt forums.

If you'd lik to know more about Nxt and all the stuff I praise take a quick look at https://nxtforum.org/ and take a quick browse in the sections to get a broader idea.

Anyone here that feels the SAME and has something to add to this lack of marketing ?

Nxt is probably one of the most decentralized coins around with a great core plus tons of 3rd party projects built over it, the very decentralized nature made it harder to market. I know there was a marketing committee but I don't know what they're doing. Also the Nxt foundation (http://nxtfoundation.org/) has been recently established, this should help as a point of informations.

The price seems to be on one long downward trend. Doesn't make sense.

Yes, that's pretty odd. NXT getting more and more features, more and more value/investment but it still in downtrend. I guess it's happening because of it's pegged to BTC and BTC is also bearish.

It might take off like a rocket when the market turns around. I don't own any NXT, but I'm taking a hard look at it. I'll probably end up getting involved.

NXT is crashing because people are slowly discovering that whatever value proposition NXt had can also be implemented by Bitcoin. There is no purpose for NXT to exist, thus there is no one holding it.

The price of NXT is going down though.  Although I like NXT, I personally will pass for now.  The trend could go down some more...

And I suggest the supporters of NXT not shill for a bit to be honest.  It might backfire. If people buy in then it continues going down near .000020, you'll here a lot of FUD from the people around here.  They might even accuse you of hyping it so you guys could dump your shares to them.  Some FUD won't make sense but they'll say it, and some will believe it anyway.

Though I'm not shilling, it is a Pro NXT thread. It's hardly shilling when you say positive things about a coin in a thread like this.

Relax, baby, take a few hits on the bong...
And put on some soothing 70s Eagles music (maybe "Peaceful Easy Feeling" or "Best of My Love").

Nope, absolutely no Eagles please......some CCR would go nicely:
https://www.youtube.com/watch?v=4YlTUDnsWMo

Heres a dude who's never tried to use the decentralised exchange built into his BTC client:

In full-on shill mode: use NXT, then you'll see exactly where the value is.

I don't think so. Of course many things (I'd say almost everything) can be implemented by bitcoin, but that will take ages. Just take a look at Ethereum, it still in early beta. Mastercoin? It's dead. Counterparty is the only meaningful system with some similar features, but still not as feature rich as NXT. On the contrary all the promised or existing features of these 2.0 coins are already working in NXT.

What are they ? The only useful thing I see would be a decentralized marketplace. As far as I know NXT has it but the servers hosting it centralize so its not completely decentralized and as soon as OpenBazaar is out it will be rendered useless.

I think the advice here is to stick to the facts.

Which I do (point out any factual errors in most posts, if you can, and I'll correct them   ;) ) and try to correct others when I see errors.

Nxters have nothing to fear if they stick to the facts.

You have it backwards.

The Asset Exchange and Marketplace and all Nxt core features are part of the blockchain, they are decentralized as it is part of all nodes running the Nxt software and maintaining a Nxt blockchain.


I am reliably informed OpenBazaar isn't decentralized, it is peer-to-peer. This means as soon as someone stops running their node, their items and orders disappear (in the same way as a torrent works, turn off your client and you stop seeding. This means if the server can be identified, your store is vulnerable to being shut down).


As long as a Nxt client is running somewhere, all current orders and transactions are preserved in the blockchain.

Other features:

Decentralized Ebay >>> nxtfreemarket.com
A version of sidechains >>> Monetary System (coins secured within Nxt's POS network)
Decentralized internet >>> Hyperboria
File sharing plugin (torrents) >>> Nxtor/File Sharing/Nxt Torrent (name pending)
+Others

You can play with any of these today within a few clicks of this forum.

Edited: widen the scope of my answer

As I see Daedelus answered your question. I have to add only one thing: no servers are hosting the decentralized marketplace, NxtMarket (just like SAE for the asset exchange) and a couple of other similar sites are just a comfortable web GUIs but the real backend stuff is sitting in the blockchain.

The price of NXT is going down because it is widely used for assets on the NXT asset exchange. Many asset issuers turn there raised NXT into Bitcoin because they need to pay developers which usually only accept Bitcoin. Throwing the raised NXT onto the markets creates an ongoing sell preasure.

Thats similar like the discussed thesis that the Bitcoin price must decline the more shops / sellers accept it. Shops accepting Bitcoin usually exchange them immediately into fiat money ( like Bitpay for shops standardly does ). This creates a bigger sell preasure and decreases the price.

I believe a currency should primarily be viewed as a currency not as a commodity.  For almost all currencies one of the primary reasons for its existence was to raise funds for a specific purpose, it is uncommon for the funds raised in the endeavor to return to the currency, as such 99.99999% of all currencies will go down in PRICE even if it has greater value over time. 

Nevertheless, for those who buy NXT, or any currency as a commodity, they know the purchase comes with big risks.  To me a currency's major value is achieved with utility, and mass adoption. The more it is used the higher the demand, and with increased demand come scarcity and higher short term prices and long term value.

As for using NXT currency to buy BTC resources, I agree 100% that it does lead to a far more rapid decline of the value and prices of NXT, however if the assets that were developed with the BTC resources were successful it should result in higher value for NXT even though the prices might be lower. 

bet on the nxt platform.. not the currency.

Altcoins usually tend to follow Bitcoin's price trend but in a much more exaggerated manner (since they signify more risk). Litecoin is another example of a coin that lost value a lot more than Bitcoin. Also remember that NXT experienced two bubbles/spikes in 2014 - the first one happened at around the beginning of the year and the second one happened at around June when the price shot up to over 10 cents. Usually these types of bubbles aren't sustainable, and so you would expect to see the price decline from the ATH. The exact same thing happened to BitShares and Darkcoin too.

The price of NXT has slumped and being dumped to 1/3 it's recent highs a few months ago. FACT. Yes, to every metric, the platform is as successful as it can be given the time span, and growing significantly: The definition of success... what's wrong with this picture? The ghost of the initial distribution, of course, is a clear influence -and, no doubt, the source of the dumping, elaborate but relentless- but, mostly, that NEXT is an intimidating, enormously complex project/platform. One would have to study it, through the tens of thousands of sources available, for YEARS to really get an understanding of what it is, what it does, what it can do, who is doing it and how the whole thing works and, supposedly, will continue to work. All without any single responsible (legally) institutions or real names behind it. Needless to say it, all of this is scary enough to have most people in crypto -and absolutely everyone outside of crypto- not wanting to touch it with a ten feet pole.

Good try, B, but you'd be wrong on most points.

How can you even have an scary and intimidating crypto platform ? Does NXT come round your house with a couple of pitbulls ?
Enormously complex, tens of thousands of sources, years of study ?.......come on, it's not that difficult.
And you don't need a ten-foot pole either.......

If you want to know about NXT......just go to the forum, d/l the latest version, install and use it.
https://nxtforum.org/

If you have any questions after that, just ask.

Or, you could take a look at one of the latest NXT-related projects:
http://www.drachmae.info/index.php/Talk:Main_Page
http://www.cnbc.com/id/102663713
bring your pole........

This is related to a Nxt project going on? What this is about? Nxt is not mention at all in the article except from the artwork picture.

Take a look here:
http://www.drachmae.info/index.php/Main_Page
and then here:
http://www.drachmae.info/index.php/Talk:Main_Page

The Drachmae project is currently a blue-sky project/proposal being put together by a loose coalition of crypto projects, businesses and VCs, to create a framework for a blockchain/crypto-based solution to Greeces current economic problems. The next meeting/seminar on the project is here:
http://www.drachmae.money/expos/inv2/

Except that it doesn't work on most exchanges, for example. Except that there are so many things going on, like those hundreds of "assets" (I'm trying to launch the hairs of my butt as significant asset in the AE, maybe it'll take off... since many more absurd things are being currently offered and many more have proven already to be scams outright), like the supernet, like the ever growing amount of James' "assets"/holdings. Te list goes on and on and on. Mind you, I LOVE the platform, I believe it is far and away the best, most complete platform in crypto, but there's no denial of the distribution problem no matter how you choose to look at it, and there's, obviously, the intimidation factor. There's NOTHING simple -like you pretend- about NXT. Least of it, the coin itself ("use it" in what? other than jerking yourself off buying so called "assets" it has no practical, actual use whatsoever... that I know of (maybe you can illustrate me). Now, why don't you ask people, ANY regular people -including those connected with the crypto world, what exactly is NXT, how much you can "stake" (by any other name too) in terms of % and what usage you can have for the coin? You will find the answer illuminating, I'm sure. And have you checked the forum/s lately. Imagine one individual wanting to learn about NXT now having to go through hundreds upon hundreds of pages here, it the nxt forum, at wikipedia and at one of the seemingly millions of "specialized info" pages. Just how long do you think a regular person will need to have even a remote grasp of what to do to invest in NXT and sell his record collection, for instance, on the platform. Or how to create and offer an "asset" in the exchange? I believe you can e accepted at NASA way easier than it is to even come to minimal terms with what NXT is already (and growing seemingly exponentially... while getting halved in price every few weeks.
You, of course, are an expert. I am sure you can do much better that download, install, use. Because download, install and use it, simply doesnt work, so start from scratch and tell regular Joe how to use the wallet once downloaded. Then explain to him how he has (or not) the alternative of having an online wallet (no bloated chain) online. And take it from there. Tell "Joe" what actually he can do with the NXT that he may purchase and tell him, if he holds ANY other wallet, which of those is simpler to use, any-other-wallet or NXT's. Then call my exaggerated, if in fact I am and that it is not intimidating a project which is less than 2 years old and has elicited more literature already than the conquest of space (fiction and science-fiction included).

This is just typical mumbo-jumbo, of course Dave. What "solution to Greece's problems" are you talking about? NOTHING emanating from crypto can ever be a "solution to Greece's problems", ok? It's a bankrupt economy and they can use as currency anything they choose but nothing will solve the problem of lack of money, ok. You declare bankruptcy, your creditors either let you go on loosening their grip you they will eventually get repaid or just stop payments altogether and you pay the consequences. Then you can use crypto as currency, leaves, stones of whatever else you choose but none of those currencies will "solve your problems", ok?

Sheesh, B. Cast your eyes over here:
https://twitter.com/BKBrianKelly

This isn't just me making stuff up on a boring Saturday night, this project has serious backing from outside the crypto world.
It may never provide an ultimate solution to Greeces issues, but a lot of interesting stuff could happen.
Come on over to the seminar, if you get some spare time, and see exactly who's involved.
http://www.drachmae.money/expos/inv2/

Already answered on the other thread...

To put anything Brian Kelly writes, or attempts, as a "solution" to anything is akin to put Kim Kardhasian as an example of discretion and humility, ok?

You DO know he is the guy who used his knowledge and experience to create Nautilus, right, one of the biggest if not the biggest failures on crypto's brief history, right?

When Liberland indicated a willingness to consider crypto currency as a favored currency, NXT as a community snubbed it.

Yet, Greece who is not only in deep financial trouble, not just with it's own economy and fiat (euro) but also dragging down their European Union nation partners and backers, is a serious consideration for our attention?  As indicated in the conference, no single crypto currency platform could handle Greece, and even if you combine forces and segment tasks it would still be a massive undertaking.  But the huge question is why would you do it?  Greece has already indicated by the will of the people that they have no meaningful intention on being dragged down by debt, they only want forgiveness not any fancy scheme to keep them underfoot by other countries.

If NXT is going down in value the objective should be to do things to preserve value so that those who are not in it for academic, technical, or cool-factor reasons could limit their losses or perhaps make some money.

Although the Greece thing is a real conversation I don't feel it is a productive one for the NXT community.  When I look at the Greece situation I see it as a massively larger version of the very best country name coins.  The nationals won't understand it so the value in all of the involved CC will be bleed dry as they migrate to fiat.  

Another conversation taking place, albeit a tiny one is about PICISI, a crowdfunding site that will accept fiat and cryptocurrency for campaigns raising funds at the site.  PICISI (via me) recently created Pi on the NXT MS platform.  

PICISI was created to attract everyday people (non-CC users) to the site to see what they expect in a crowdfunding site plus far more opportunities.  At PICISI people will be able to collect donations in fiat AND CC, their campaigns could get different kinds of sponsorship funding, and they are also able to use their CC to spend on services provided by independent contractors at the site to help them develop or promote their campaign.

Literally BILLIONS of dollars pass through kickstarter and indiegogo each year if either one of them simply allowed CC to be collected it would be a major break through for the CC universe.  When PICISI enters the scene it will apply pressure on the competition to bring CC to their respective platforms or get left in tech wind.

Oh, btw, the funds that PICISI collects in fiat fees will be used to 'rebuy' Pi (PICISI issued currency) at the exchanges at prevailing rates.  If we have an official exchange sponsors we will buy Pi there exclusively.  That 'rebuy' plan preserves the long-term value of Pi.  

Granted that the PICISI project pales by comparison in every way to the Greece project, but the PICISI project will do something that the Greece project will never do even if it gets off the ground and is a success -- make money.   PICISI will make money for the campaigns (every campaign will get some funding), contractors, and investors.

Liberland could put NXT one the literal map, THAT should be a major project for NXT and or the consortium of CCs.

Are the NXT people in contact with the officials of Greece?  I think that should be the first step.

Hah....found the NXT thread on Liberland, after a bit of searching:
https://nxtforum.org/general-discussion/urgent-why-no-body-is-voting-fot-nxt-as-official-liberland-%27-currency/
Think I was having  a little break from  crypto at the time, I hardly even noticed it up until now.
Someone should maybe have a chat directly to the Liberland guys, whoever they may be. See how they are shaping up.
Or we could just push NEM up for the job...... ;)

Seriously, the Liberland proposal could maybe work, but no-one seems to be willing to step up and take lead on getting it sorted, which is probably the main reason it went nowhere with NXT. Hosting the poll on F*c*book didn't help either.

On the Greek rescue plan: this is an extremely ambitious project, to say the least.
I'm not exactly expecting the entire European financial world to drop to their knees and say "YAY, crypto, that's the answer!"
and then go down the pub while we sort out Greece......but just getting a coherent outline proposal using blockchain tech from vatious sources will be a very useful exercise, even if nothing else comes out of it.
Right now, it looks like a slightly mad plan, even from my point of view, but there are quite a few non-crypto organisations who are interested.....and anything that brings crypto to the attention of the mainstream in a positive way is worth giving a shot.

Next step is Conference number 2 on the subject, May 20th:
http://www.drachmae.money/expos/inv2/

Maybe someone will invite some Greeks to come along... :D
and Armis can bring PICISI along for some networking and discussion of MS currency integration on exchanges/brokers:
http://nxter.org/picisi-crowdfunding-project-will-use-nxt-monetary-system/

EvilDave, thanks for your support I will certainly look into http://www.drachmae.money/expos/inv2/, the mind the gap videos were very informative, not only for the factual content but also that additional dimension that comes with "live" presentations. 

PICISI needs admins, so if you know of anyone that wants to work in that direction please let me know, it's a thankful job that everyone should try.

I doubt an average individual with computer science background would need more then a month to fully understand the main parts of nxt.

But well barabbas is a retired actor.
He has neither experience nor knowledge about computer science, infrastructure and software development.

It is like talking about QM or GRT with a kindergarten teacher. They would take years/decades too ( prolly even more )...

The probability that NXT provides Greece with any kind of solution about anything is lot less than Aphrodite will jerk off Pericles on the Acropolis front of the excited Leonidas, which event's probability is rather small knowing that the two aforementioned gentlemen are dead and the woman probably never ever existed.

I have debates with the NXT hardcore cheerleaders all over the place about NXT which used by absolutely nobody except the funders who dump the thing on the naive new investors. For that reason, the hype must go on  by coming up with all kind of nonsenses like this Greece bollocks - so the funders of the coin can keep continue dumping this entirely useless thing.

First, NXT perhaps should answer the generic problem of all altcoins: why no one is using altcoins at all for any meaningful purposes?

Well, in the fantasy world of NXT cheerleaders (as your post indicates it) that doesn't even matter ... so you can discredit anyone based on talking about "background".  

Having a computer science background I wrote my first program probably well before the average NXT Java/HTML5 developer and fan-boy even born, but of course the NXT hypemaker cheerleader brigade first argument in a debate is that I don't have the background to understand what the self thought so called "programmers" like  the wanker James jl777 check in Github. It is always convenient in a debate to talk about backgrounds, without knowing the background: it can redirect the conversation from the important topics.

It seems to me that the intent of the committee is to create a viable solution to present.  It doesn't seem that there is a hot or warm lead to work with, my guess is if they come up with something they will be going in cold.

Ah, altcoinUK is back after a month :)

1. Please point out where i do some cheerleading for NXT.

2. Every 10 year without computer science background can code a website, so stop being proud of it  :D

3. You dont have any coding/software development knowledge either, i can strongly remember that you once wrote so much technical bullshit that i though i would get brain cancer just from reading it. I will dig it out and repost it here for everyone to see.

*edit
4. Did you check jl777's github?

First off, The Drachmae project isn't all about NXT, check the Wiki:
http://www.drachmae.info/index.php/Talk:Main_Page

NXT could be an important component, but there is no way that it can supply everything needed. Thats why the project is open to anyone with good ideas or useful tech, like Factom, Ethereum, Blackcoin/Halo, JetCoin.....if you have something to contribute, bring it on.

How in the name of Hades can you bitch us up for presenting a real world usecase for altcoins, and then ask why no-ones using alts ?
Is engaging with the European financial, business and political worlds not 'meaningful' enough for you ?

Any road up....if you need to vent more, comment here:
http://www.cnbc.com/id/102663713

Ohhhh boy... digging in altcoinUK's posts. What a clown you are.

You don't have to dig you clown, I talk about software development all over the places, here about ARM firmware programming - I am sure you are familiar with that too.

https://bitcointalk.org/index.php?topic=761852.msg9608386#msg9608386

Shall we discuss after the the wanker NXT scammer Jamess jl777 Github C code check-ins, and the quality of that code?

It's amazing guys, that you teach yourself to compile some spaghetti code based on tutorials from the Net and after you believe in your on BS and you think you are a programmer.

Thanks for that info. The European Central Bank is a lot less worried right now that the Drachmae project isn't all about NXT.


I think you should be more ambitious than that. Based on the average NXT cheerleader post my understanding was that apart from solving the Greek economic crisis, you can cure cancer as well as fix the climate change issue using NXT.

As for the use case, you have not provided any viable use cases for that digital excrement NXT that used no one apart from the funders that dump it on the market.

good dodging of my questions :)

it is ok though, i know that well from you.

lets get to the facts:

1. your post could be made by a 10 minutes google search - there is nothing of substance which would qualify that you have knowledge.

2. allright, please show and describe us what you picture as spaghetti code in jl777's github - as a bonus you could explain how you would code it differently and why.

To create a viable solution, you need to really know the problem.  And the only way to do that is to be in constant communication with Greece's officials.  I mean if they're really serious and that Greece takes them seriously then they should meet.

Who are the people behind NXT's committee in solving Greece's crisis?

I'm sorry to disagree, Greece's financial condition is well known to all who desire to know it.  I'm confident the bit that is unknown and/or secret would very likely remain a secret from contractor like the subject consortium.

The major game changer is political winds that could change things radically, but even that is well known.  Nevertheless, just because you see the bus coming doesn't mean you will avoid the collision.

I maintain however, that the scope of the project is simply too massive an undertaking for serious consideration.  It will take literally months to develop a viable theoretical plan, and decades for meaningful integration.   

Exactly.  A collaboration between NXT's commitee and Greece's officials, economists, financial advisers, banks, etc.. is really needed here.  

If NXT's commitee decides to go at it alone, they're running the risk that Greece might not even accept their solution.  So, getting in contact with Greece's officials should be the first in the agenda if they're really serious.

Who are the people behind NXT's committee in solving Greece's crisis?

Firstly, you should watch the videos, they are the "people behind" it all.

The cryptocurrency universe is infinitesimal compared to the fiat world, the fiat world doesn't understand CC, and the particular language spoken by those in the committee is not easily understood by pro CCers much less fiat folk that are already jaded by the BTC fear mongering.

There are two videos, each about 1.5hr, both well worth the watch.  That could be found at Evil Dave's post at the other NXT thread.

enjoy

You are quite far from knowing who I am, first. Second if you need graduates in computer sciences for NXT to go anywhere, then you have a much bigger problem than I thought you had. I guess the slogan would read something like this: "NEXT: THE CRYPTO COIN FOR THE COMPUTER SCIENCES GRADUATED JERKOFF STILL LIVING AT HOME AT 35". Quite compelling, perhaps. Growing demographic indeed... prolly...

yay, Monday.... :)

As mentioned by Armis, here's the video of the initial Drachmae project seminar:
https://www.youtube.com/watch?feature=player_embedded&v=VJR6nKSTULs

And, just to get all our ducks in a row, here is the following conference/seminar, May 20:
http://www.drachmae.money/expos/inv2/
Note that registration is free, so you can look on as a networking opportunity if nothing else.
barabbas and altcoinuk are more than welcome to come along and provide some reasoned counter-arguments.

And here's the Wiki:
http://www.drachmae.info/index.php/Talk:Main_Page
Original op-ed piece from BK:
http://www.cnbc.com/id/102663713


Addressing a couple of points:

@tokeweed
This isn't a NXT-run project......we were invited to participate, just like everyone else on the Wiki.
If NXT was the only component to this plan, then even I would say that it was completely batshit crazy.
We can provide some of the technology, and some of the brainstorming and planning, but not all of it, by a long way.

@armis
Yep, the scale is pretty huge. And, yep, I expect that it will take months to create a solid proposal, and probably years to fully implement it.
Got anywhere else you need to be?
 


 

I understand boy you are desperate to keep the hype going so you can attract new, naive investors to your scam, and therefore you take the nonsense to an entirely new level by throwing in hysterical topics such as you are working on solving the Greek economic crisis, but lets put this fantasy into perspective: NXT has nothing to do with solving any real economic issues. It's only the usual hype making, because the wankers who created NXT by rolling out an unfairly distributed coin are still dumping their digital excrement on the market. So you have to come up with all kind of scam initiatives like the Supernet in which James aka jl777 collected few million US$ for a vaporware, again to keep the hype going. Absurd rubbishes such as solving the Greek economic crisis with NXT or Supernet serve no other purpose than keep the hype so you can attract new investors and bring new money to your scam.

In summary, the requested reasoned counter-arguments from me is: fuck off NXT scammers. I keep my digital currency investment in Bitcoin as well as crow-found time to time innovative projects such as Skycoin just to support talented devs like the Skycoin dev is.

Mildly comforting to read that, on your own, you would have thought any of this crap to be "batshit crazy". Because, well, it is.

Of course you have nothing better to do with your time than jerking off about the cryptoutopia -which we are all interested in-, but Greece and its creditors have a more precise and rather urgent problem: As of tomorrow, lacking an 11th hour agreement, Greece will be in default. And the creditors in deep shit. And there's no amount of jerking off that may help either -although it cannot hurt, admittedly- because, no matter how you slice it, there are only two solutions, the same true and tested that have existed for ages and that have been exercised with various degrees of success and losses, in many other countries before: The creditor reduce the debt, voluntarily, in a very significant degree and accept, let's say 20 cents on the dollar and with renegotiated time terms of payment, or they get a new extension of same terms... but at the price of a multibillion dollar package. There's no other "solution", blockchain or no blockchain.

But, just out of personal curiosity, Dave, because I am having quite a bit of trouble getting around the idea that you have no idea whatsoever what you are talking about here, exactly how would you "view" the use -let alone the "solution- of Greece using blockchain tech? Mind you, the very, very stupid "description" that Kelly makes in his article is nothing but the old T-Bill -money backed by the government for which it pays extremely high interest to creditors, only that it will be "guaranteed" (quotes of extraordinary significance for the will of the people, the greek people in this instance, supersedes any and all contracts, smart or not)-. The ineffable Kelly suggest the use of dracma-net or whatever you may call it to pay creditors and state employees and that, like magic, everyone in Greece is going to accept payments in such a "coin" like they would accept euros or dollars. Just because. Let alone, say Toyota or Exxon, when the Greek pay for their imports. So, please, illuminate me a bit here, far from hyperbole, of the most stupid kind and other metaphors ad hoc... not a matter of  time dear boy. Or technology, for that matter. The technology, make a clear note of this, is good, groundbreaking even, to TRANSFER and transfer ONLY. It doesn't create anything else, let alone ASSETS, real ASSETS, no matter what James would lead you to believe, ok?

People saying NXT offers nothing of value must not be familiar with it.

I'm personally in the process of building a business that's going to be using the NXT platform. It offers lots of useful tools that add value. Listing an asset on the NXT AE, having a more flexible tool to issue value through the NXT Monetary System will help too, and being able to sign from accounts as well as send arbitrary messages on the blockchain should work quite well for 'notarizing' agreements between parties. Each feature solves a problem, and having everything on one platform is useful.

Working on projects with people from all over the world is easier and more efficient. And all of it exists now and works.

No one argues that the PLATFORM  can be "useful". The question is does that usefulness add value to the coin or the project at large? Read above and youll see statements from me to the effect everything that could ho right with the platform has gone right already. And yet the price has been slashed by 3/4 in a few weeks. So YOUR business on the platform hardly brings any real value to it, now does it?

On a separate side os the issue, notary services and smart contracts have already been implemented by others projects... to no "value added" effect whatsoever... i guess because, much like the coins, the services must be ready to use but, actually, no one is using them.

Yes. To use the platform you need to pay the transaction fees. Any and all successful use cases will add to buy demand for Nxt and add value if sustained over time.

Well, my business isn't launched yet, but the intention is to bring value of course.

Out of all the ideas out there for cryptocurrencies, creating a platform for business where revenue can be generated from outside sources and then pulled back in to the NXT economy seems like a pretty sound plan to me.

You're right that the price hasn't been doing well, but that's endemic across the whole market. The interesting thing about this is that all it takes is one business generating a decent amount of revenue from outside the economy and funneling it back in to NXT to pay dividends to break the downward pattern.

There's only a few ideas out there in this space that make any sense to me at all in terms of creating a currency where demand might actually outstrip supply at some point, and to me NXT sounds like one of them. We'll see how it goes over time, but at least there are a lot of people trying to make things happen rather than just wait for the next Bitcoin bubble to ride the wave up.

You got doxxed and your reaction shows that it is the truth.

To fully understand a software you need to understand the code - that means you need to understand the language the software is written in. That is already computer science background.
of course if you are a graduate in CS it becomes a lot easier.
additionally nxt code is very well documented.

if you are just a speculator there are dozens of easy to understand graphics which connects and explain the services of nxt and supernet.

Also im neither 35 nor do i live at my parents home anymore lol
sorry but i earn much more then the average unknown actor

Yet another day goes by with NXT going down further.

Maidsafe, Bitshares, NXT all the innovative projects are suffering. Maybe its time to step back and see what is really needed.

Which day are you referring to, it can't be today...


https://i.imgur.com/g3mDEio.png

Thats right, keep nitpicking and watch your investment disappear.
I remember the days when 4k sats was considered the floor. That was when Bitcoin price was more than double.

Ah, I see. You meant week or month rather than day. Perhaps write what you mean then people won't nitpick correct you when you state factually inaccurate things.

So you considered 4k sats the floor when bitcoin was double the price. What has changed in Nxt's development team since then?

You tell me. I am mostly a trader and turn altcoins for profit in short to medium time periods.

Now I see all the big 3 suffering and I wonder if there is some basic idea they are missing. All of them are innovative and yet seems to be going down and down only.

They go down in proportion to the rate of burned users leaving this echo chamber of the cryptosphere. This will continue for the short to medium term.

No crypto is ready for the big time, the technology we have today may not even be compatible with the big time. Devs need to hide all the nut and bolts and wiring and make everything look like a web site with a username and password set up. Nxt is doing this for tech that isn't usefully available in other coins. See mynxt.info webwallet, and Android/iOs Apps or secureae.com, though that is mainly aimed at Bitcoiner. Nxt Mobile has now integrated the Asset Exchange. The dev team keeps producing.

Skipping to the response people give after this sentiment: "What is the use of tech if there is no marketing to ordinary Joe to use it?"

The answer is, there is no use to the Average Joe. It is too early to go after them, you go after businesses and developers to build things that the average joe will want to use as it is easier/cheaper/more satisfying etc. than the way they do things now. And they make it easy for the average Joe as far sighted businesses will see there is substitutional opportunity for generating profit in an emerging digital market. But not without risk, this process will have a high mortality rate just as business start ups do in the real world. But Nxt organisations like DeBuNe and Nxt Foundation (think Linux foundation, not Bitcoin Foundation) are feverishly doing this right now (and have been for a long time).

Sooner or later, an idea will come at the right time in the right conditions and click. Wishful thinking you might say? Well ask yourself, how many other platforms have a liquid asset exchange, or the ability to create your own token (for crowdfunding, retail vouchers, store of value and more) and then use these things to cast votes (for dividends, decision making) and using n of m approval for multisig transactions to carry out the actions. These are business tools that Nxt has today (on mainnet and testnet, voting and ultisig is in NRS 1.5). Others can't catch Nxt quickly in this area as most of the value comes from those building on top of Nxt. And new guys will want to be with the rest of the economic activity so they would want to join were the most users are. From where I am stood, it is hard to construct an argument that this won't translate to a higher market cap over the long term. And that is only for Nxt today and it's next release, that is less than a third of the planned features > nxttechnologytree.com


Tl-dr: I the short to medium term, I think you will probably have a difficult time trading.

The question then is even more basic: Since the platform is very successful and the increase in business (and scams) has been and continues being nothing short of exponential, the "transaction fees" must be mighty inappropriate (where do they go? --oh wait, don't answer that, it is my understanding that they go, 99.99% to the holders of the majority of NXT, right?), since, obviously, such success, as posted above, has only brought the decimation of the price of NXT to les than 1/4 of what was only weeks ago, right? Or am I missing something here?

How much does a large forger make in a year from forging (before any costs they might have)?


N.B
25% = 8.6M > 100% = 34.4M

Nxt hasn't been at $34M since about 8 months ago, not 'only weeks ago'. Careful with your language, facts can easily be checked and it damages your credibility if you continually attempt to show things much worse than they are. It makes you look like you have a hidden agenda  :D

Again, I haven't questioned the success of the platform at all. As a matter of fact I have posted many times, in over a year,  that I consider it by far the best in all of crypto. The questions raised are: Why is the obvious success of the platform a negative for the price -and a huge one at that- and is it the fact that it is probably intimidating to most potential users, in crypto and outside, the main couse of that apparent discordance. Those are the questions are for debate, not my presumed identity nor that exercise in absurdity that is the pretension that NXT -or any crypto- can be any kind of "solution" to the Greece crisis, ok?

Otherwise, I wish you all the luck in your business when it comes online... as long as it isn't one of the regular scams that plague the platform, of course.

I believe it is a "reasonable" percentage -as opposed to the scammy, ridiculous percentages earned by loads of shitcoins... but that's hardly the point. The POINT is that all of it, or 99.99% of it, by design, goes to the majority holders... those who hold millions of coins and cannot dump then in a market so lacking in liquidity, you understand? Which, again and again, comes back to the problem of distribution that has long plagued NXT. I don't say it is "unfair" but it is indeed a huge problem.

It was last calculated at about 0.5% per annum (before the bear market, I would wager it is now less but let's go with it).

The largest forger owning 5% of Nxt (50Million NXT) earns 250,000 NXT a year or roughly 684 NXT per day (roughly $6 a day before any running costs). And this is the biggest holder of Nxt, no one earns more than him, so we can agree that forging revenues have nothing to do with falling price (or, on a wider point, "the rich getting richer").


Why do you assume the major holders want to dump? Please define the huge problem you see.

Your perception of who I am is to me of the same significance as to who you are or how much you make doing whatever it is that you do: Zero. So you can assume whatever serves your purposes better at any given time.

The questions, before you tried to derail the debate, were related to the complexity of the NXT platform and it's possible intimidating factor as a cause of the slump -disarray, in fact- of the price of late, on one side and, on another, the FACT that the obvious success of the platform -measured in usage, current and exponentially growing in the immediate and foreseeable future-, not only has not produced are real benefit to the project, as reflected in price, but the opposite indisputably. Any normal individual would use some very basic common sense to try and discern the reasons behind those two indisputable FACTS... but I know I am trying to obtain some thoughts out of a stone here, so don't even bother. Or do, as you must...

Let's stick to talking about Nxt and facts rather than each other and opinion.

Again you try to avoid the main subject: A little or a lot it is all there is. And all goes to the richest. End of story there.

Answering your question, why WOULDN'T they? (want to dump). It's all gravy for them. They had nothing before, now they are millonaires. It's only human to want to live well when your fortunes have changed, isn't it? As a matter of fact it is my knowledge that one of the 73 already dumped all long ago -to nefarious consequences, of course-. And it is a miracle in my view, to be quite honest, that there's not even much more dumping going on by those holders, except for the fact that they know better than anyone that the price would go to near zero if they would start to aggressively dump instead of doing it orderly, as they are. But that is a somewhat only related subject, the question is WHY the price continues going down if the volume doesn't allow to speak properly or a dumping of any significance going on, when, I repeat what I stated above, everything that could go well with NEXT is going not just well but exceedingly so, don't you think?

Oh, the excuse that it is a slump for ALL cryptos doesn't fly, really. Some have suffered and some have rebounded significantly while others remain more or less stable, so it isn't THAT either (BTC itself sits at 40% above most recent lows). But hey, if you want to consider this price onslaught as "normal", more power to you...

That would be great. Is it a FACT that the businesses built on the platform don't bring any value to NXT since all the transaction fees go only to the millonaires holders of the coin?

The assumption in your question is that transaction fees from forging are a source of wealth. I showed above that they aren't (to anyone in the west, $6 a day isn't hitting the motherload).

Businesses built on the platform are still in the incubation phase, as I said above, there are likely to be many failures. To answer your question, I would say 'no' to the first part and 'where is the relevance' to the second part. The value businesses will bring to the platform is proportional to the value they bring to their customers and will have nothing to do with forging.


(Again, careful with the language in your FACTs. The biggest holder of Nxt got the maximum of 50M Nxt in the Genesis block and hasn't sold any since launch. A quick fact check says they now hold >>> $400,000 dollars assuming they could cash it all out at a single price, which they can't. By definition, he/she can't be considered or characterised as a millionaire.)

I got to go, promised myself I would spend less time re-raking old ground  ;D So will go do something useful/more enjoyable. But this is a positive thread, if the only gripes come from Nxt's strengths (asset exchange and business engagement) then I'll take it  :D

Will check in later on maybe.

I don't see it as a fact.

The fees in the long run goes almost equally to all forgers, okay, big forgers earn more, same as people saving more money in the bank than me, almost everywhere, the more you have, the more you get, I don't think this is a very valid point.

If all blocks where full with at least 255nxt fees, the anual return would be a 17% or so "quick look at the forging calculator which isn't very accurate", that would incentivice people to hold nxt in order to forge, that also brings value to the coin I suppose. If the plattform becomes widely  used, many people will buy nxt simply for forge with them and get some money simply by running a node, wouldn't you? The fees could be adjusted in order to mantain a reasonable return.

Reading a bit the thread, I have to agree with you that for average user which basic computers knowledge "office, email, web browsing..." install and run the nxt software was imposible if they were alone... I suppose this can be solved, for what I know, next version will have autoinstaller, but still, make average users understand how the passphrase in nxt works, access the GUI throw pointing to specific port in localhost in the browser and such kind of things is difficult "just my experience with friends, and they aren't dumb people in other matters" But this same difficulty is the also the same for use bitcoin, maybe a bit less if they don't need  to know what they're really doing.

Well, as daedelus says, we are always talking about the same things, lets see what happens, believers will believe in nxt, at least I can use the plattform for buy more scams "as you say" but they are decentralized scams :) At least I'm getting scamed in a quite new and innovative way, I also have some ideas for bussiness to run on top of nxt, and when I have other live conditions I will do something for sure. Maybe someone want to take some shares in my "scams" :P
I'm also forging, and for the moment, I gave away all my little earning from that task to new users, I have a node simply for strenght the network, not for profit, profit would come with a well working network, we always had said that this is the main function of forging at the moment, maybe in the future can make some money, but now, the believer are running the nodes.

I am all for accuracy and carefulness in the language. Always. When I say "millonaire" now I am referring to "millonaire in NXT, of course" since after being decimated in price hardly any holder has any significant FIAT denominated value in this thing. But if the transaction fees from the new business coming on the platform doesn't translate in some short of wealth, obviously we have a serious problem monetizing the platform and, logically, the more business coming the less advantageous (bloating comes to mind) and, under that premise, the slump in the price would be justified? You could say "no". And you could say anything you want but the FACT would remain that, big or small reward, the richest take it all. And that is quite relevant, of course... for everyone contemplating joining NXT (and not having the means to purchase millions of coins, of course). Not in other words, in THESE SPECIFICS WORDS, as per you explanation, there's no way to make money in NXT other than by trading and since it trades only on the downside, there's actually no possible way to make money in it, therefore, people is getting out, hence, the explanation of the slump.

Oh man, I also hate not being there while people was extracting gold or getting free lands... now their offspring have all the fiat money, and although I don't like it and that system doesn't offers anything to me, everything is built around it "for the moment"
Now take a look and see how biggest is the percentage in any crypto "with more usefull features than typical money" investing a bit of you fiat money into it and comparing it with the percentage of yor fiat money agains fiat supply...
But yes, I understand, fucking world, not same opportunitties for everyone, of course, ones have more luck and others less, but this applys to everything, don't be scared to use nxt only for that, use fiat money is much more scary if that is all your worry...
You are saying: Why would people use fiat money if they can't make a bunch of money only by buying fiat money? if all the money goes to people with money... then  :o isn't this?

Sorry but I cannot make any sense of your convoluted post. Are you high on meds or other substances?

You seem to imply I consider "unfair" the distribution of NXT, which is absolutely not true. I could care less about it... except for two very significant facts: #1.- Regardless how "fair" or "lucky", when someone holds the volume that is traded in 6 months in his wallet, obviously that individual can manipulate the market and, in fact, kill the coin. It almost happened already when one of the 73 initial owners, dumped. And #2, those millonaire (in nxt) holders, in FACT, collect every forging coin, it doesn't matter how many or how few, they get them all, therefore any new potential investor with an intent to hold for the long haul will hesitate or desist on that alone. Combine #1 and #2 and you have a VERY SERIOUS PROBLEM.

Adding to that problem, as numerous times stated above, is the fact that this is, by far, the most complicated Alt coin in crypto (with wallets having constant problems at the exchanges, to boot). The intimidation factor, obviously would detour many potential new investors and is indeed the cause of the lack of adoption, in business and individuals. Worse yet, development seem to go in the opposite direction of simplifying  the process, thus resulting in the peculiar situation in which, the more "successful" the platform is, the more the price of the coin goes to the ground. Still, at a market cap around $8 million, there's a long way ahead, seemingly. All in the wrong (for investors) direction, I'm afraid. 

Maybe my english is too bad, but you seems to be complaining about the richest taking more rewards, and this makes new investors unlikely to come onboard... the reward they would get from fees is proportional to their stake "why do you say big forgers are the ONLY which can earn from fees? they earn MORE, but not ALL"
If you see my other post, more bussiness = more feess -> more return from forging -> more interest in buying and holding nxt for get this "now valuable" coins which generate more coins
And value can come from more sources than only the interest of forging, maybe can become used as coin and not only plattform...

What am I missing?

If you don't care about the distribution, why do you complain about big holders earning more? Buy more and earn the same as them... now is a good time I think, any serious company can afford to take a nice % of coins and earnd from fees as any big stakeholder.

In the other hand, I have to agree with you when you say that current whales can hurt a lot the market, with the low daily volumes in nxt this is a real danger... but I want to believe that most of the remaining whales believe in the coin and will hold it or sell it without destrying the price

Obviously we seem to have a language problem. I stated I don't care about the fairness or not of the process but I do care about the distribution resulting because it IS a problem, whether fair or unfair. Also you should take a look at the forging process and you will discover you are WRONG in your assumptions. Finally, I don't "complain". I state educated concerns, rather. As for so called "whales" with the current volume there are no whales, in fact, just people dumping and a few picking up perceived cheap coins. Whales need volume to operate and a few BTC every day is NOT in their realm. They are, at this point, just a figment of your imagination, a scapegoat as it were for you to rationalize -only in your mind- why the price action is so negative instead of looking at the real picture.

wow! what a good coin, i hope for its success in the future

TX fees go 100% to forging (ie actively participating in the network) accounts:
https://nxtblocks.info/#section/blockexplorer_charts
https://nxtblocks.info/#section/blockexplorer_distribution

Some of the stuff you are missing:
Decimation would actually mean that NXT was at 90% of its previous price....and could you tell me exactly how many weeks ago NXT was at 3.6 dollarcents ?
Is it 50 weeks or 52 ? We do have a name for these longer time periods, B. Still, good tactic.  ;D

Well, I'm afraid none of us is using correct terms... I know split stake in multiple accounts have a little punishment, so isn't exactly proportional, but you are saying that ALL fees goes to big holders, and that is false.
And ok, you aren't complaining, you are exposing concerns and I don't care either if it's fair or unfair, but I can't see your points... I also said that distribution could be a problem, I agree with that, but this problem will get solved with time, and current situation accelerate this process

I'm not saying that "imaginary whales" or nxt millionaries are the ones behind this prices, there are many factors, the more important, is that MOST of the money in alts isn't from people which cares about cryptos, they are speculators which found a nice place to make money without really much money. I'm sure that there are people holding many nxt  in an exchange and never used the nxt wallet, and they don't care about it, nor bitcoin or any other alt, only for how much does it worth in fiat money, and nxt being so complex to use like you said "which is partially true" discourage speculators which only know how to use btc-qt wallet and experiment with something new to play with nxt, resulting in a such low volume, in adittion, the biggest players from this markets are whales from the BTC and LTC mining times, and given that most of they aren't now the whales in the nxt ecosystem, they are much more cautious because some "new whale" can dump a shitload of nxt in them. Does this make any sense to you?

I have the feeling that you and me will never agree, seems like you aren't looking either to the real picture, you are convinced of your point and there are many more factors, and concretely, the cause you are pointing is the less important for me. "maybe you are right, who knows... if you have this feeling too, let me know and we stop the discussion :) "

First, obviously we have a very different interpretation of what "price decimation" is. For you it would mean at least going to 1000 sat, since NXT touched 10k sat not too long ago (a few months, very few). For me decimated price means anything beyond 1/2 lost. And it has gone not just there but 2/3 lost and even, as close as 24 hours ago, 3/4 lost. "You", the collective "you" -I imagine the cheerleaders of NXT- may have a name for that.... I do too and it is "delusional". I doubt yours will be the same. As for "tactic", well, that explains pretty much all there's to explain, right?. Just like avoiding the FACTS: tHE MOST SUCCESSFUL THE PLATFORM HAS BEEN IN MANY MONTHS, THE WORSE IS HAS REFLECTED IN THE PRICE. Which, to any normal person would indicate at least the red light that maybe something is being done wrong somewhere and that success without monetization -as reflected in price- is not real success but, actually, the opposite. Finally ignoring the "not exactly proportional" distribution of forging, goes to the clumsy attempts as ignoring the truth. And the FACTS. Which, as we now know, is just typical of you and where you stand. Please don't let reality and facts intefere with your agenda, by any means, ok?

Again we have a language problem, obviously. See, when talking about "complexity", much like about "virginity", one can hardly face a situation where "which is partially true", as you put it, applies. It either is or isn't. And then, if it is, there might be levels, or degrees but no "partiality". It is very difficult to agree on anything when the statements come through so inappropriately. Once again, the complexity of the "coin"/platform is an inhibitor in adoption. At every level of computer/crypto knowledge. That isn't subject to opinion or "partiality", ok? the degree or level of inhibition, may be up for "personal opinion", but not the indisputable fact. There cannot be argument there. Same thing applies to "distribution" and same thing applies to the decimation of the price in DIRECT relationship with the growth and "success" of the platform. Those are FACTS, not subject to opinions or agendas. And, as such, perhaps, worthy of evaluation and debate for to any normal, common-sensical person they would perhaps indicated we are going in the wrong direction, rather than the appropriate one. Same also applies to (in your opinion) "little punishment": Fact is the stake or forging isn't proportional ("exactly" is redundant and unnecessary). You cannot be "a little non-virgin", get my meaning?

Now, as for "positives", isn't it needed a reevaluation of the general direction and perhaps current structure of the project, since success equals decimation of price? A legitimate question based on irrefutable FACTS.

Now, for you it isn't because you, well, you just believe or hope that THE FUTURE will solve all those questions and problems short of by itself. The future has this thing: It tends to be a CONSEQUENCE of previous actions/facts. And, in general, when it comes to investment, THE FUTURE needs to be bound in time by results. The future of Bayern Munich is going to be probably brilliant IF necessary measures are taken (and they need to be taken or it won't be brilliant at all), but the foreseeable future is that it won't even be in the Cup's finals, let alone contend for it, get it? Of as some old saying puts it: In the future we all be bald. And dead. So, no matter how much you want it to be attached to your agenda, the futures is, well, already past when it comes to proper examination: Before you read this long post, it was future. Now that you have read it, it is past.

this is utter bullshit, like 95% of what you say.
the last time NXT was 10 k was in JUNE 2014 and the all time low is 3,5 k sat for the past 1 year.

bitcoin lost ~80% since january 2014, early adopter have millions of coins, PoW is semi-centralized - is it a scam or is it going to die?
atleast get your facts right if you cherry pick them.


also you are probaly a payed shill: retired/jobless actor + 20 hours a day on bct - just perfect coincidence?

And, like in all you say, there's simply BS. I myself purchased coins at 2,6k 24 hours ago -and it went down to 2,5k-. But keep bulshitting and guessing, it is ridiculous but somewhat funn y... Remember: Last night, 24 hours ago, lowest price 2,5k. Cryptsy (for some nice wager I'll show you my own transaction at 2,6..., deal? Or just the usual bull crap?)

Edit to add: It is Bull crap as usual, right?

Once again, you are being to radical with the language barrier... if you feel better when if I say "forging isn't proportional to stake".... then ok, but is very to close to be proportional, that's my point...
And about the coin complexity... well, I doubt is more complex than bitcoin, simply is new and different, with more tools ofcourse, that cause the GUI have more buttons and so...
And yes, I talk about the FUTURE based in the PRESENT where the distribution is improving due to this whales continued dumping as YOU said, so this present situation will lead to a future situation where this is solved, not by magic...
It's very tiring try to comunicate with someone which treat you like a fool and who doesn't even try to rethink what I try to write with all my goodwill... so if you will answer me again with simylar answer, you can save it for yourself, I agreed with you in some points, but instead to discuss about the ideas, you limit to analice the text as if I were a native english speaker "which isn't the case" catching all the incongruences...

I'm just trying to grasp what you write, because it is quite confusing some times. And what comes through clearly, in some cases, are points which are in direct opposition with the reality which is the base of this discussions from the get go. Once more, 2 points: 1.- The "success" of the platform (counted in growing number of features and growing number of so called "assets"), is going in DIRECT proportion to the disarray in the price of the coin, which has been decimated of late. 2.- The complexity of NXT, from the wallet to ANYTHING ELSE, is -in my opinion- an intimidating factor that is responsible for the lack of general adoption both in the crypto scene and, especially, out there in the regular world. You have admitted to the complexity, somewhat, but then again you try to diminish that factor effect by putting it on the same level of complexity as Bitcpoin, which is utterly absurd for hundreds of reasons not the least of which is that you can get (and use to buy practically all goods, real world use goods) in ATMs in many (and growing) of the big cities of the world. And you dismiss the #1 FACT by appealing to a "future" (without any time constrains), that simply makes the debate stall. As it is. Sorry ut with those approaches to actual, factual, corroborated PROBLEMS and EFFECTS, it is impossible to have a real debate or even a conversation. Sorry also that you perceive the clarifications as being diminishing of you personally, not my intention. But the conversation is in English and yours is quite confusing... but NOT the cause of our disagreements at all.

Sorry for the delay, I don't have as much time to spend on here.

Could explain your logic here pls? You say existing businesses provide no wealth (for ease, we'll assume correct). So you argue it follows that no future businesses can provide wealth? Logically, the more businesses there are the more chance of one of them 'clicking, no? You mentioned bloating but that isn't logical as the bloat (transactions) will each have a transaction fee associated. Provided the fee isn't set too low, 'bloat' is good.

Could you post the blockchain data that has led you to think this pls? And presumably you define 'the richest' as anyone who holds more than 1M NXT?

Several things: No, I define the "rich as the top 70 or so holders of the coin. Clear enough, I hope. You can lower the figure even to the top 50, ok?

Blockchain bloating is as of now still unresolved concern of every altcoin, not just NXT so no, it isn't a "good" thing at all (it slows the transactions, you know, a no-no in crypto if it ever is to reach any level of real world adoption.

Now, the UNDENIABLE correlation between the growth in features and "assets" of the NXT platform with the decimation -you can use the adjective of your personal preference here- of the price (market cap) would indicate to anyone with even a minimal amount of brains in their skull that something WRONG is definitely going on for the opposite, if anything, is to be expected, right? In the present as well as the (near) future -ad you MUST know that the markets always trade the future-. Maybe, as you kind of point out, the "fee IS set too low". I don't know. What I know is the obvious correlation that, by extension, clearly indicates that the bigger the "success", this kind of "success" anyway, the lower the price/market cap. And that bis worrysome and definitely worth debating in order to determine corrective action.

Once again, the excuse that it is a slump in crypto doesn't fly: BTC itself sit at roughly a 40% gain from recent lows in similar period of time as the decimation of NXT cap/price. And many other established coin projects have also significantly increased in that period also. So if you are looking for solutions, instead of serving agendas by denying the obvious FACTS, you better get to the nitty gritty of why this apparent discordance is indeed happening and, more importantly, thinking ways to turn the ship around. Because it is going in all the wrong directions as of recent months.

Do you know the difference between correlation and causation? No one would deny the price has gone down in proportion to the rise of assets. These things are correlated. You have yet to show how exactly the rise of assets has caused the decline in price. This is a very specific distinction that you seem to be unaware of.

If we accept your narrative, then it is an UNDISPUTABLE FACT That the rise of Nxt assets has also caused the decline in price of [insert other coin name that has declined in the same timeframe].

Or that I brushed my teeth this morning and the sun rose. Therefore, it is an UNDISPUTABLE FACT that brushing my teeth this morning made the sun rise. This FACT is obvious to anyone with even a minimal amount of brains in their skull, I made the sun rise.


So please post the blockchain data that shows the causation that you repeatable claim. And then show how this ties into the top 50/70 accounts and how the forging revenue has any relevance to business start ups and success. We can then discuss this data, rather than continue to re-read your unvarnished opinion.


Edit: Nxt has the option of blockchain pruning (on testnet) to deal with bloat. As long as the fee is paid, the data bloat people paid for will stay hosted.

I'll drop back later, looking forward to the blockexplorer links and some factual discussion

 What does the blockexplorer have to do with any of the mentioned? The same than your preposterous "causals", totally unrelated and seeking only to disperse the real content and facts with mere crap. Just like your -again totally erroneous- mention of the recent low price of BTC which was in the low to mid 160s, only a few weeks ago, as opposed to your stated $171 (maybe you will also entertain a frindly wager, since I personally have transaction at near that level on Coinbase, how's that?). Just pure mere crap. Even to disputed something intended as an approximation (that happens to be EXCEEDED, unless BTC turn suddenly down between the time I write this and post it, it sit at MORE that 40% above recent lows, ok?).

The absurd "defense" of an obvious blind agenda, also pretends comparison with other coins, which it isn't not only irrelevant but absurd beyond description for there have been coins that have disappeared, other that have fluorised, others that have stagnated around similar levels and some others, finally, with some degree of losses, more and less than NXT, as the case might be, but that includes all kinds of outright scams, discovery of hidden instamines and a myriad of other circumstances... hardly any case in which the "success" of the project has resulted in the decimation of the cap/price.

Try again. It's quite funny to watch your efforts... although, sadly, doesn't bring the discussion any further, much less in the approximate direction of a correction of what obviously is not just not working but working for the other team.

So you can't show a causal link, just point out the correlation?


More fact, less opinion is required. The last low was Jan 14, my mistake. So I deleted that before I posted my BRB. Just for fun, let me have a a go at a barrabbas reply...  :D




What absolute crap cherry picking the best possible case for your comparison! Do you think everyone is an idiot? It is FACT that Bitcoin is down ~20% from recent highs. Just mere crap that you mention it to support your complete BS diversions. Why don't you answer questions with facts? It is UNDISPUTABLE that you could back up your claims with the FACTS about transactions from the blockchain data. Why don't you do it? It is quite funny to watch you try and squirm out, it is quite funny actually. Why not repeat the same claims again? Maybe people will forget you don't apply logic.

Ok, I tried my best. But in comparison, it isn't near long enough and doesn't contain enough diversionary threads  :D


So... unless you believe that I make the sun rise... we're back to this:

No, no matter how much you insist, we are and we will always be back at #1.- There's a direct correlation, causal or not, between the "success" of the platform and the decimation of the price/cap. and #2.- It is my opinion that perhaps the sheer complexity of the project, from the coin wallet (causing problems in every trading house to this day) to the barrage of "assets" (most of them of very ridiculous nature) and other features

Now try to divert from those point at your leisure. But careful with fact, like that other motor mouth above, unless you are willing to put your money where you mouth is, ok?

No-one denies the correlation (as I stated explicitly 2-3 posts again). Causal is very important.  Otherwise, brushing my teeth can be legitimately cited for making the sun rise solely because they are correlated. But you don't seem to want to comprehend this basic logic.


HURRAH!!!!!!  ;D ;D ;D ;D It seemed before that you were presenting your opinion as INDISPUTABLE FACTS..  :D  :D


Please provide info on which trading houses are having problems with the wallet, if you can. I would like to get them some help. I haven't heard the problem you claim since Mintpal were saying they were interested in integration.

Nxt (the technology, as that is all it can be) isn't responsible for the assets that are listed on asset exchange. In the same way the internet isn't responsible for the websites that are displays on it. And cream rises to the top; look for assets with a track record and competent devs. Don't buy from new accounts promising the moon. Pretty basic stuff, no more complex than small cap stocks.

Due to the undeveloped nature of the market, I say it was much easier than small cap stocks. E.g. You have direct access to the devs/owners for queries, the histories to look through and assess are shorter, ideas are usually quite focussed and simple etc. The risk is obviously much higher but that is a feature of anonymous crypto/internet, not a specific feature of Nxt's Asset Exchange.

Also, if you want more people to share your opinion...

it wasnt visibile in the 1+ day charts where i was looking (1 to 1 1/2 year timespan back).
when i checked it was just a flash crash and the candles closed again at 3,4 k.

show me how much NXT you bought, from the 1 million volume in 6 hours from 3,7 k to 2,5 then back to 3,4 k.
this is really something very marginal besides the fact that we are at nearly 4 k again

*edit
cryptsy has <5% of nxt trading volume?  ::)

as of today which exchange has the most activity for nxt?

 How much would you consider significant, motor mouth? Because I was able to snatch as much as I could afford -liquidity- at the time...

Sorry that I forgot to respond to this. Cryptsy is THE house that I know very well off that has had and still has continuous problems with NXT... as recently as 2 weeks ago with withdrawals not being possible FOR OVER A WEEK!. It is a well know fact that Cryptsy has had all kinds of problems with NXT since the very beginning and they don't seem to be even close to resolves for they continue to pop up.

I guess you were kind of counting on my not providing a straight answer (that would be a first, just for you to know). There have been others, including the one you mention too but I don't hyave first person, direct knowledge of them, therefore I don't mention them specifically. Cryptsy, being one of the biggest, I guess qualifies enough, right?

So, to put the baby to rest so to speak, IT IS INDEED A PROBLEM that a correlation clearly exists between the "success" of the platform and the decimation suffered by the price in recent months. FACT.

It is more than probable, for a huge percentage of crypto users will agree with that (and no, I don't have the specifics, but you yourself, in another thread, offer the BIGGEST corroboration of this possible), that the complexity of the coin, the wallet and the project, defined by me as the "intimidation factor", would precisely be he CAUSE you so direly are looking for FACT number one. Which, of course, were the points I wanted to hammer across in search of corrective solutions, before they were (tried to) diluted by you and other fan boys absolute nonsense in the last 2 pages of posts.

So, I would suggest that an efforts of significant proportions should be made to significantly REDUCE that complexity and to try to eliminate the "intimidation factor". I am convince such efforts could produce significantly positive results in adoption, at least inside crypto. And by that I mean going WAY BEYOND the scope of what has been done so far that, frankly, has only contributed to a clutter of "information" near impossible to sort out and, again, producing the exact opposite of the expected effect: Scaring people off rather than inform them and, through that information, making the intimidation disappear. I would even suggest something like one of two videos, as a good starting point. Perhaps a very simple FAQs section in the BTCT thread and on the Forum... NOT OPEN TO "CLARIFICATIONS" OR DEBATE, just simple, straightforward answers to common question. Perhaps also a whole thread dedicated to people who is new to the coin and (separated) the platform, in which to bring up the very basics along with the new features, again, in a simple, easy to understand BY EVERYONE, manner. I don't know, there are many actions that should be taken... first one, by a long shot, eliminating condescending post from fan boy jerkoffs with an agenda. Or, in more "civilized" terms, the solution would start only when recognition that the problem exist is achieved. In your particular case, starting by admitting that, precisely, yourself. Then -and only then- a debate, a productive one, is possible.

Not very likely, I'm afraid, if my intuition is to be trusted...

Why should I share your opinion?


(hint)

Please present them, with blockchain data that is fully available to anyone, to allow our discussion to continue.

I know this is probably a shock to you but NO ONE even looks at the blockchain, alright? Just the parents' basement stoner jerkoffs, get it? And the people that actually code, of course.No users, adopters, people piked by the possibilities of the platform... nobody. No reason for it at all. People need only to look at the price fluctuations to see the REALITY of that particular debacle, why would anyone look at the blockchain to corroborate that, even if they were so inclined? It's utter nonsense. And you know it.

And for the "intimidating factor" well, there's insn't anything to learn on that respect by looking at the blockchain, is there? They just have to read a few posts, or the forum, or the other thread, or wikipedia, or the seemingly thousands of other sources of further intimidation... even if they were really hard on "getting to know" NXT what, as of this moment, is one of the coins that has lost more money in the last few months of all the 555 coins listed on Coinmarketcap... what would be the incentive? You may or may not know this but people goes where the money goes. And it has been MANY MONTHS since it last went NXT's way.

QAnyway, I'm done with the subject. Adding anything else would be absurdly contributing to the clutter.

Ok. Well thanks for your opinion. I can't agree with you as correlation is not equal to causation (I don't believe brushing my teeth this morning made the sun rise).

If you do find some evidence to support your opinion, please post it here and we can continue the discussion from there.

You keep on looking to the blockchain, it'll serve you as well as it has so far...

SuperNET will go a long way towards making NXT(and other cryptos) accessible.

The default mode of the GUI is a 'basic' mode, while the 'advanced' mode is built on top the NXT NRS, which I assume is one of the things you take issue with.

The Jay framework (http://jnxt.org/jay/) also falls under the umbrella of SuperNET and is going to provide something that's more lightweight.

There's all kinds of different things going on now that aim to improve the user experience.

Really? Please take another look at this video linked in that page: https://www.youtube.com/watch?v=74tdKxKVZHU

I will not even add anything else, it really does speak volumes by itself.

Cool, I hadn't seen that vid. I like Alex's videos, and how he helps those who want to build on Jay..

It says in the title that it's a development video though.

The point is that the foundations are being laid out to build on top of. Things will become more abstracted over time as people continue working on improvements.

I've heard a lot of hype about what SuperNet is going to do for NXT, VeriCoin, Opal, etc... And I hope that it does. SuperNet is an ambitious project, and sometimes the really big projects don't always work out. I hope that NXT isn't hanging all its hopes on SuperNet. I'd hate to see NXT go down if SuperNet fails. NXT has too much going for it to allow that.

From what I can tell it's not at all. There's a good amount of separation between the two projects from my viewpoint.

NXT has nearly doubled in value the last 2 weeks. coming from 3000 satoshi to nearly 6000 ! Prices aren't even at half the previous peaks .. Much more room to grow. Interesting to see how it will develop.

Well, doubled is a little bit overrated. From the deepest point to todays value the price increased about 60%. There is some more space to reach the double value  ;) But you are right, the price did make a big jump.

I bought a lot of NXT when it was 8-something and before this rise.  To the moon!

I bought a lot of NxT at 8000+ when Bitcoin was at 1000$
And it dropped to 3000 with a BTC at 230$ and now a little rise to 6000 wow amazing! Nxt the top of the top

Amazing trader :o :(

Im not trader
There is nothing to be clever when the price dropped to 3000

My comment was regarding buying altcoins when btc was 1000+ $  ;)

Yes of course it's easy now i came in this cryptoworld during the big bubble so bad

This is why i bought Nxt at 7k, 6k, 5k, 4k and 3k. Everytime the same amount + 10% when a new low level has been reached. if i took the average of all the buy transactions i made a little gain so far at the current price.

Its more to do with real world use or rather a lack of it. Its a great product but not something which is necessary at present.. The value you see now is purely speculative and there is not much need to have more than BTC as a speculative token.

It starting increasing in price as bitcoin stabilized, but it seems to be decreasing in price again since bitcoin started decreasing in price. All the marketing in the world won't help it increase in price if bitcoin starts crashing really heavily. I don't think it can rally until bitcoin starts really rallying, marketing or no marketing.

Isnt NXT price decline solely by selling pressure from original whales? All that needs to happen is them stop selling. NXT has tech, projects, community, there is no reason to be declining. Everytime there was some big news or new feature, there was always dip in price, because whales where trying to cash out on big volumes. Coins have to change hands, than price will go up.

CAN be? You are not serious. More like all the features that "could be" implemented by bitcoin are already implemented by NXT.

Try NXT -> find bitcoin useless

if the sold NXT of the whales get a better distribution after the sale than the sales are good thing for the price mid and long term. Sure, it means a sell preasure and price decline short term, but we should think long term.

The last rebound / hurrah we saw in NXT was the result of John (the marketing guy) lying about NXT being added to CoinBase.  So outside of the initial floor manipulation with Dgex and John's deceit campaign, has there ever been any reason for NXT to have a 8 figure capitalization?  Probably not.

If there are really only 1150 addresses with more than 10,000 NXT then user adoption, even by crypto world standards, has been a major failure over the past 1.8 years.  This is contrasted with NXT's capitalization being a moderate success, despite the lack of adoption.

 There are many crypto currencies with a bigger and better distribution.   It's indicative that nobody really wants NXT or, alternatively, they've read about the distribution, security incidents and technical issues and they're discouraged from adopting it.  

I find it intuitive. I had no issues getting into it. Cant say the same thing about Microsoft applications...

What are the equivalent stats for the rest of the persistent crytpos (been around a while and performed well enough to maintain their place in the market)?

Judging coins against themselves seems a pointless exercise to me, let alone trying to draw conclusions from it. Any judging should be done against their peers/competitors and the . How many addresses have x% in Dash etc? How have other coins that once had 8 figure capitalisations faired over the same timeframe? Etc etc etc.


p.s. Polish some of your claims about Nxt and we might have a discussion on our hands. This is the furthest I have ever seen you from baseless narrative :o I'm going to lie down..

Come on TS, you can do better than this....my replies are in blue.



EDIT: Corrected stupid mistake: for 'CoinBase', read 'GoCoin'

You wrote this revisionism while reusing needles in your junkie den in Amsterdam or something?   I guess you need something to do while waiting for your 50 million NXT to acquire more value.

Of course keep engaging in revisionism - like that quotation from your hero, if you repeat a lie enough it becomes true.  The story about John and all the thefts in NXT (which you claim never happened, LOL) are well documented on BTT and numerous websites.  You do know in logical arguments that I don't have to prove your negative claim?  Of course what is the standard for dialectics in the business and legal world is probably beyond your comprehension.

  Already people from NXT who admitted who has what in terms of addresses and nobody is adopting or using NXT, it's a $hitcoin full of scams and thefts and deceit.  Anybody who even continues to associate themselves with NXT, given the history of criminality, is a psychological loony or a whale salvaging a windfall.

Doh...hit a nerve there, eh ?

Let's correct a couple more of your little untruths again:


And, if anyone feels the need to see what the Hell this NXT stuff is all about, check out the newest NXT client:
https://nxtforum.org/nrs-releases/nrs-v1-5-9/  

And heres a newish NXT info site:
http://www.nxtinfo.org/

New NXT trading platform:
https://www.nxthaus.com/

New game utilising the Nxt blockchain:
http://cointelegraph.com/news/114443/voxelnauts-a-minecraft-inspired-game-with-nxt-backed-property-rights-and-drm
http://voxelnauts.com/

Upcoming FinTech Conference, sponsored by NXT:
http://www.payexpo.com/

So, you can call NXT a $hitcoin if you like, but we are a very hard working one  ;D



EDIT: time for a swift bit of revisionism: for 'CoinBase' in the last few posts, please read 'GoCoin'
TS got his facts wrong, and I followed him without noticing that particular cock-up.
See:
https://www.google.nl/search?q=cointropolis+nxt+coinbase
for all your research needs.

for those that are too lazy to install their own local client..
here's one that is exposed publicly to the internet:

http://jnxt.org/nxt  - Live wallet (click the 'man' icon and sign in with alias 'nxt' for a live demo)

Here's some images to go with it:


http://www.xcubicle.com/sites/default/files/nxt_demo1.png
http://www.xcubicle.com/sites/default/files/nxt_demo2_marketplace.png
http://www.xcubicle.com/sites/default/files/nxt_demo3_asset_exchange.png
http://www.xcubicle.com/sites/default/files/nxt_demo4_messaging.png
http://www.xcubicle.com/sites/default/files/nxt_demo5_aliases.png
http://www.xcubicle.com/sites/default/files/nxt_demo6_file_storage1.png
http://www.xcubicle.com/sites/default/files/nxt_demo6_file_storage2.png

I like NXT, and have a few K of them to have and hold.  It is a genius project overall.

The asset exchange is good, though it's hard to browse through and find assets.

The marketplace needs a way for feedback and voting on the quality of the item sold in the marketplace... something like fiverr.

Haven't checked out the voting system nor the plugin system yet - lots of development going on.

Cheers

Coming back to my little discussion with TaunSew, here's the original NXT mega-thread:
https://bitcointalk.org/index.php?topic=345619.0
This covers all of NXT history from the blockchain launch (Nov 2013) until the move to NXTs own  forums  (https://nxtforum.org/)(April 2014).


And the good stuff just keeps on coming. Here's a NXT tipping service for Reddit, Slack and Twitter:
http://www.wetiptap.com/

I'm in awe that you can keep your cool responding to this moron (paid moron btw)... I'm just happy to block him and be done with it.

All the best taunsew... will never have to hear from you again  8)

For following the up and coming AE assets I suggest http://jnxt.org/jayex
It is a frontend to the nxt asset exchange with charts and realtime updating, it works together with http://jnxt.org/jay to be a usable decentralized exchange

I likely don't have anything in common with someone that doesn't appreciate the NXT technology and the enthusiasm of its user base.

/no horse in this race.

I see that you copied the "sorted by 7 day volume" from NXTBlocks...
Which is not very useful since it's always the same Assets... and volume can be easily faked on crypto exchanges.

Every real world exchange ranks 24 hr Net Change = basic window into events (with a minimum volume cutoff !!!)...
If you added that I would check it several times per day.

Nice work anyway  :) :) :)

TaunSew, you're starting to sound like BlueMeanie. And that should scare you, since BlueMeanie is seriously mentally ill.

@box0211: Thanks for sharing. i am wondering if the transfering of the  passphrase for transactions is save for such online clients?

of course

that wallet is actually a modified version where you cannot login with your passphrase. is a spend from cold wallet type of solution.

first you create transaction then you sign it with your private key by using your phone to scan a qr code. the signing never broadcasts your private key across the internet. it just sends the encrypted version after signing.

its the closest thing to 2 factor authentication for a wallet setup. no other coin has this setup as of today.

Interesting, that might work well for this, I'll play around with this reorganizing with my next set of improvements.

Here a couple of NXT-related bits of news:

Much fun at PayExpo2015 (http://www.payexpo.com/page.cfm/action=ExhibList/ListID=1/t=m/goSection=3_1034), hanging out with the global FinTech/Payments industry:
https://nxtforum.org/general-discussion/payexpo-2015-london-9-10-june-2015/
http://www.coindesk.com/press-releases/cryptocurrency-features-prominently-at-payexpo-2015/

VoxelNauts get some more press coverage:
http://upstart.bizjournals.com/companies/rebel-brands/2015/06/08/a-new-breed-of-video-games-will-let-users-spend.html
https://www.kickstarter.com/projects/1760210928/voxelnauts-vr-mmo
https://nxtforum.org/news-and-announcements/voxelnauts-mmo-economy-to-be-powered-by-nxt/

Thats pretty cool

I'm suspicious that it is actually the NXT AE that is killing the price. It seems like the success of AE has been inversely related to the NXT marketcap. 

Now that sounds counter intuitive, but one scenario could explain it.  If people are creating assets on NXT and then transferring them off market direction for BTC, but then when those get sold, they get sold for NXT on AE and then dumped. 

So for instance, I create a "jabohld" asset.  And it has 1,000,000 units.  And then I tell CfB that I will give him 10% if he sends me 50 btc to my btc account.  He does and then I send him 10% off AE market.  Later on CfB gets involved in Jinn and needs some cash.  He can't just try to find somebody to buy those directly for btc, but he can sell them on AE dumping them.  He then takes all the NXT he got and then dumps it.  This is one scenario where value bleeds directly out of the NXT ecosystem killing the market cap out of the success or pump of AE assets. 

Now I don't have any proof this happened.  It is just a theory of mine to try to explain the strange phenomena where NXT marketcap goes down while at the same time as the AE asset sum total marketcap continually goes up.  It might also be said that the exact opposite scenario could also be true.  In which case assets could be pumping the marketcap, but I find the theory way more likely that it is hurting, especially if there are questionable and shady assets.  The reason why is that a shady asset would be far more likely to leach money out of the NXT marketcap than a good one.  Lots of money their to be reaped by a good scammer. 

Anytime there is an off market transaction of AE assets where people enter/exit the ecosystem it HAS to effect the NXT marketcap.  It can either make it go up, or it can make it go down, but it clearly can not stay the same. 

Also, as a weird side note.  I have seen asset programs launched on Bitcoin via CounterParty and Mastercoin/Omni, and on NXT with AE, and on Qora, and each time the market cap of those platforms went down.  Now maybe it was very well attributed to other factors and these asset platforms has nothing to do with the drop of the marketcaps of their base platform, but it is a strange coincidence that it seems to happen. 

That makes sense to me.

Like scamcoins in general affecting bitcoin, maybe. Every time someone gets their scamcoin accepted on an exchange that offers to exchange it for bitcoin, they dump the scamcoin for bitcoin then dump the bitcoin for fiat, thus driving down bitcoin prices... Maybe?

-MarkM-

Yes Mark, exactly the same thing. 

I create an altcoin convince lots of people to buy it, and then dump the BTC.  Big winner me, bit loser BTC and the bag holders.  Same ole story, different place. 

we'll all know soon enough. once instantDEX rolls out I expect everything to flip around. right now, nxt hodlers and asset buyers/traders are the same people, so the NXT ecosystem pie IS growing larger everyday, but the portion for NXT token itself gets smaller with every new asset. That won't always be the case.

Soon we will see the early effects of what jl777 dubbed 'the anomaly' - eventually NXT token will start acting in its intended roll, as the token and unit of account for the NXT ecosystem. When that happens asset holders and NXT holders won't all be the same people, and when that happens NXT will suddenly be much more scarce, like a game of musical chairs - less NXT compared to the marketcap of assets.

Today most NXT hodlers are quite happy to see NXT flatline or drop slightly because their net wealth in assets is going up, so there's no sense of panic. In my case in NXT terms I'm down about 20-30%, but when I include assets I'm ahead by over 100%. Once new people start issuing assets the 'anomaly' will start (the number of chairs gets a lot smaller compared to the number of players in the musical chairs) NXT will rise together with assets.

Not to be impolite but NXT is a 'circle jerk', but the tech is so powerful, and the community so impressive that new entrants are about to start issuing assets. Once the circle jerk phase ends (i.e. NXT hodlers and asset hodlers are different people), things will appear very different.

I completely agree with you.  I really enjoy NXT, but I stopped holding it simply because no one uses the marketplace it seems.  Most people with NXT are holders or are simply day traders.  And the day traders have been bailing over time (including myself).  Because the value just keeps dropping.

I hope this changes but as of now NXT feels like LaserDisc.  It was the most superior technology available for consumers at the time, but VHS crushed it.  I feel that NXT and its features are the future of cryptocurrencies but I think it will take a long time for it to grow, aka only after cryptocurrencies enter mainstream markets in a sizable amount.

Being an old bastard, I can remember the video format wars of the late 70's/early 80's....LaserDisc was never a real contender, simply because of the lack of recording functionality. VHS came (ooer!) out on top for one simple reason: cheap (comparatively) VHS cameras and editing gear revolutionised the porn industry and porn then dragged VHS with it to the moon.

Betamax was the superior system in many ways, and was still used until recently in professional applications, but the cost barrier for Betamax cameras prevented it going mainstream in the same way that VHS did.

What does this mean for NXT ? If we apply the lessons of VHS vs Betamax, it's not always the most advanced system that will come out on top. The system that offers the right amount of functionality to the consumer at an affordable price probably has a much better chance of success. Sounds like NXT to me.
(and we really should get into bed with the porn industry...... ;D )

Hi Dave.  I guess you are older than me :-) but, I didn't think it had much to do with quality or price.  I thought it all came down to VHS was very friendly to the porn industry and Betamax wasn't.  Guess who won? hahahaha.  That porn bump was enough to make the mainstream eventually adopt it.  

We all know that the porn of crypto is the Silk Road and that was instrumental from taking BTC from a geeky thing for nerds, to it actually getting used, and then came gambling on Satoshi Dice.  

So I guess that NXT (or any other crypto) will have to find its "porn".  But it doesn't necessarily have to be a bad type of thing, it could be using the coin for charities like BTC did with Wikileaks, or maybe remittance, or international sales, video games, or something we haven't even thought of yet.  Some kind of something though that keeps a platform alive long enough for mass adaption to take place.  

I pretty much agree with all that too.  It is interesting because no coin has really made the jump from speculative asset to currency, and like wise no 2.0 platform coin has made the jump from speculative asset to platform transaction token. 

NXT has the most features of any crypto and has a lot of people building on it, so it is probably the closest in my opinion.  It'll be very interesting if it is pulled off. 

Your analogy is not an appropriate scale.  At least the deemed "failure" Betamax sold 18 million machines.  Bitcoin, according to the Federal Reserve, is only 100,000 users after 6 years (what does that make Bitcoin?) and currently websites like Google Trends and Alexa Rank indicates Bitcoin is losing popularity too.


Honest it's not even a Bitcoin vs NXT thing.  Somebody could literally make an inferior version of Bitcoin and if they had the right connections, marketing and presence on the correct TV shows, they would go viral and it wouldn't take 6 years, wouldn't take 1 year, but only weeks or maybe months to acquire more users than Bitcoin.  If Caitlyn Jenner can get 1 million followers in 4 hours on twitter, anything new can acquire millions of users with the right publicity.

Yes, very true, but that fact does point to the question of why they bought in the first place.

Yep, so I'd be quite happy if Nxt follows Betamax: 25 years of dominance in the professional market would suit me fine.
And if we can ever figure out how to harness Kardashian power for crypto.....maybe we need a reality show.  ;D
"Coming soon on the History Channel: The NXT Files"

Actually, that so-called circle jerk is a blessing in disguise right now. How many hard forks have there been over the past year? Virtually all of them were necessitated by new features in the core. Had Nxt been widespread as of now, organizing each hardfork would be a logistical nightmare - and each carries the risk of outside-the-loop people complaining about their nodes "not working anymore." Not to the Nxt forum or here, but to the wide wide world of the Internet.

Look at Bitcoin. Why do you think the devs are so leery of hardforking even for a needed innovation like increasing the block size? It's because of that logistical/bad-publicity nightmare: it's a very real downside.

So...at this stage of Nxt's life, the more tightly-knit the community the better. It makes those regular (innovation-driven) hardforks straightforward to organize, while minimizing the reputation-management implications of people complaining to all and sundry when their outdated clients no longer work. I'm sure that every Nxter - including the impatient ones - will be durn glad of the 'circle jerk' phase when Nxt finally penetrates the wider world in a big way.

Plus: the slow adoption rate gives us time to establish solid conventions - even traditions - that govern actions on trust-dependent features like the Asset Exchange. Yes, there have been scams therein: I was burned by a couple of them before I wised up. But keep in mind that the overall rate of scammy Assets is much lower in the Nxt ecosystem than the scam rate in the Bitcoin ecosystem. Granted it's in part because Nxt came afterwards, affording Nxters the luxury of learning from the mistakes of the Bitcoin ecosystem. But it's also a result of that tight-knit community, wherein grizzed/scarred vets are listened to. As a result, Nxt's ecosystem is actually less dirty, scam-wise, than Bitcoin's. Again, the credit belongs to the 'circle jerk' nature of Nxt's community.

i must agree with this... having nxt named after wrestling and lego.. might actually be a good thing.

It certainly means that there are a lot of Lego and wrestling fans who are wondering wtf this crypto-currency business is all about.....

+1 to Nxtblg, makes a lot of sense.

I remember that a Nxt lego fan register on the Nxt forum and asked for a lego plan sometime last year. He was surprised to find that where he register was in fact a cryptocurrency community. This moment was hilarious.

Nice that you thought this through... but it's the latter...
The value of the zero revenue NXT Asset Bubbles has kept the value of NXT afloat for the last year...
While the former "dumping" scenario is not realistic because NXT AE is illiquid ($10,000/day in the Top 50 Assets total).

Assumption:  One can sell all Assets on the Nxt AE for NXT at a single point in time.

If one accepts even a rough version of the Assumption...
Then the NXT ecosystem can be viewed as a Balance Sheet (I did this one 2-3 months ago).

https://i.imgur.com/8QknvNe.png

When documented (or hyped) revenues actually start rolling in (InstantDEX, etc)...
Many Asset values will rise dramatically... and since both sides of Balance Sheet must be equal... NXT will rise...
If fact, even a few millions $$$ of revenue (real or hyped) could push NXT 500-1000% higher quickly.

With people willing to throw money at anything with a pulse... more NXT big moves are almost inevitable...
And you don't have to pick the right Assets... just load up on NXT, baby.

If fact, during the course of the recent 30 day rally NXT has risen about 40%...
Which pretty much mirrors or surpasses the rise of key Assets like SuperNET and InstantDEX and Jinn and BTCD.

Aww, shucks. :)

A lot of big things are going on in the NXT blockchain! Check out the hackathon from Hackcoin for example:

http://i60.tinypic.com/ou45jm.jpg

https://twitter.com/Nxtgids/status/612988266627919872

I recently started using the NXT platform for my BFTB project http://nxtreporting.com/?as=17932033886660099893

I transferred BFTB to NXT after Coinsortium.co started acting funny and withholding funds. So far NXT has been amazing. I love the platform, the explorers and other apps available. The Asset Exchange is probably my favorite part though.

Really good explanation. I have not seen it like a balance sheet so far, but when I thought about it then it makes absolutely sense. It opened my eyes a little more about the real potential of Nxt  ;)

not sure what I'm looking at. care to explain?

damn man Nxt is very hard to be predicted  :o

there's an awful lot of nxt threads lately... i think there should make a compilations of all the claims that nxt is a scam... like how bitcoin has an obituaries website of all the news sites saying it's dead.

Good point! History does repeat itself.

i think NXT has an interesting twist that many of us haven't considered yet that might skyrocket nxt...

Mesh Networking... or Decentralized Internet.

It has all the ingredients of facilitating and kickstarting the decentralized mesh internet movement:

- DNS Routing and Domain Name System - CHECK
- Messaging / Email - CHECK
- Currency - CHECK
- Decentralized Marketplace - CHECK
- Decentralized File Storage - CHECK

Currently outside of nxt, there are certain coins that implement each of these systems. But none of them is in one integrated system, which means namecoin would have to work with storj for file storage and florincoin for messaging. We can see each dev team would have to really collaborate together under one roof, and also the fact that each coin has its own separate currency which would cause fragmentation among devs hindering development time just like how we see the bickering over 20mb blocks on btc.

Once someone integrates CJDNS with nxt alias and packages it into a small affordable form factor like a raspberrypi or chromecast. This can really stir things up if everyone hopped onto this decentralized network. Imagine distributing these small devices to small villages or city areas with low internet connectivity. Or even possibly replicate what Google is doing with the Loon project (http://www.google.com/loon/) with a NXT server on a floating balloon powered via solar energy.

Nice distribution  /s  ..  plus no anonymity features.
Is the market and other features fully opensource?
No thanks!

https://i.imgur.com/VlIHbyv.png

link to that chart? ...

That chart is the balances currently being held at the bittrex exchange, not the distribution of all Nxt. You want something like this https://nxtblocks.info/#section/blockexplorer_distribution
Psudo-anonymity can be achieved by not linking your address to yourself, plus a core coin shuffling mechanism is on the way.

Everything on Nxt is open sourced and freely available https://bitbucket.org/JeanLucPicard/nxt/src

Java ... LOL !!   I trust java for some things, but not for a main financial program.

Seems like you have a mistake there or it was left out intentionally to trick newcomers to nxt?  ???

i'm curious to what motives some of these trolls have... obviously they are using sock puppet accounts and their real account is another name.

Possible motives to FUD on nxt?

https://i.imgur.com/QgkSL3Y.png

UtopianFuture / TaunSew / "Insert Degenerate Name Here" how's it going?  Lol   ::)

No shit, and 350k NXT isn't some gargantuan whale, it just means nobody with any real amount of coin trades at bittrex.  As far as the "lol it's java not secure" BS, then go ahead and compromise it, you'll be rich.

I'd guess the latter, but there are some folks who are so self-deluded that it's impossible to tell the difference.

"Yes I know that the hypnotized never lie..."
(The Who "Won't Get Fooled Again")

Truth be told, they come off like people who complain & complain about Facebook's botched IPO in '12 (http://www.forbes.com/sites/timworstall/2012/05/20/the-failure-of-facebooks-ipo/).

( You see what I did there? ;) )

Since your taking back to the oldschool again, here is a post from a year ago..


You said the same when you were Eamorr more recently  :D Welcome back TS!!  ;D ;D

Also...




And... https://bitcointalk.org/index.php?topic=345619.msg5518671#msg5518671


 ::)

Nxt, kind of makes me think of this...  
trying to make you feel safe,  all the while you're being infected through java vulnerabilities !

https://i.imgur.com/CI7r29D.png

Why not have a conversation instead of trying to create a narrative? Reminds me of someone I know from this forum....  :D :D :D



How is Java unsafe? Read the posts above perhaps before posting another meme? Nah, that would be too easy  ;D

I did post about it already.. how about you read first.  





And that's not from a year ago, Mr. Date Nazi
There's also other recent articles.

I read it and I replied. Let me make it bigger for you...




You'll notice Oracle features heavily in your... research article..  *snigger* ...


Anything else?

Please, you are spoiling the NXT party here. They were just about solving climate change, curing cancer and ending the Greek financial crisis with NXT - you shouldn't interrupt and distract the process.

Java is the defacto standard for large corporations and has been for many years. It's the most widely used programming language in the world currently: http://www.tiobe.com/index.php/content/paperinfo/tpci/index.html

Java and C switch places sometimes, but they are both quite far ahead of any other language.

There's nothing inherently wrong with using Java, especially for large projects that need to be run on many different types of machines.

wow so many hater/bagholder wars here .

I mean when the people invest that time in development/support their own coins instead of hating others that would be way more productive.
Or they could self study how to make money with investing. Investing is a skill which is learned in several years.
But every noob thinks he does know it all :), that is the reason the professional investors which work full time
always win over the hobby dude which has no true knowledge and experience in investing/trading.

People just waste too much lifetime.

This thread is a joke right?
Its so funny it should be stickied.
NXT was a scam and stil is.
all the coins went to less then 30 people.. that's a scam

By all means, get it stickied. In fact, I'll help a little by quoting your post in full so as to archive it. :D

must be a pretty good elaborate scam i gotta say since its been going for almost 2 years. they just keep on cranking out code every month. im not sure what to think.

Bernard Madoff's scam went on for decades before he was investigated and put behind bars.  Duration of operation or an individual's profit does not mean something is not a scam. "I made money on it so it couldn't had been a scam" is something that is frequently parroted on here and not a correct conclusion.  There's plenty of people who made profit off Madoff's scam and other scams or illegal activity.

 NXT's distribution where the two Eastern European co-founders took the majority, Jeff Garzik's review on the code, numerous thefts in the ecosystem which were probably the result of backdoors and the plethora of ponzi schemes based on half-completed projects on the asset exchange.  Verdict:  It's a scam.

So, just for a change, care to back up your BS with some evidence ?
You post the same bollocks every time, even though it's been refuted again and again and again........meeehhhh:



So this time, here's a challenge for you: let's see Jeff G's code review of NXT.
Or maybe you could find one of the theft victims ?
Or how about another of those lovely graphs, showing Bittrex distributions ?

The only scam around here is that someone is very scared of NXT, as it's looking like NXT is the only genuine, open, working as intended, stable 'Gen 2.0' crypto platform.
NXT delivers, and gives people the freedom to do whatever the hell they like with their investment.
The only thing TS delivers on is.......well, not very much really.
Hard to believe that TaunSew thinks people are dumb enough to fall for his repetitive FUD.........as usual, my advice to anyone who's interested in NXT: do your own research.

Oh ya, right. Just like Paul Bernardo, a former accountant, raped a whole bunch of girls and rape-murdered two of them. Of course this shows that all former accountants are psychopathic rape-murderers. ::)

Bernie Madoff?? Dropping that name is actually an argument in favour of all cryptocurrencies, including Nxt. Madoff's Ponzi scheme was only possible because no-one looked under the hood. Harry Markopolous had to reverse-engineer Madoff's claimed strategy to find out that Madoff was lying. A Madoff-type scam is only possible with a closed-source ledger.

In re Ponzis, the only vulnerability comes with a trading fund that does its thing on centralized exchanges, where the trading record of an individual account is not made available to everyone via a read-only API. To be quite frank, this bothers me: it bothered me enough to ask the Poloniex boys for a public read-only API feature. (My request got nowhere.)

Running a Ponzi by purporting to trade on the Nxt AE itself is impossible, because the ledger is public. In fact, Nxt's devs have made it even easier to audit a scheme that claims to make Nxt through AE trades. You can now sign in to any Nxt account - very much including the account of a Asset issuer - and get read-only access to all of the account's actions.

Case in point: I've just reactivated an Asset that I'm moving from the NFD AE to the HZ AE: it's an MMNXT-holding Asset for which I pass through MMNXT's dividend on the day MMNXT pays. I also do some spread-trading of MMNXT itself and pass along any profits to the Asset holders.

Want to audit me? Go right ahead:

1. Download the Nxt 1.5.12 client from the official announcement thread (https://nxtforum.org/nrs-releases/nrs-v1-5-12/?all) on the Nxt forum - nowhere else;
1a. If you want to make sure the hashes match, make sure that you spend more then 5-20 minutes Googling up on Java - in fact, it would be exceedingly nice of you to ask a Java expert who knows nothing of Nxt to see if you compiled the source code in the way that gets those hashes to match ;) ;
2. Open up the account and sign in with this RS Account ID: NXT-QQKJ-SWLJ-CPX4-3QXXW .
3. Go to the Asset Exchange and look for the bookmarking for MMNXT - Asset ID: 979292558519844732
4. Go down to the bottom of the page and look for "Trade History" in the centre-right. Click the "You" tab.
You now have a record of all the spread trades I've made in that account. With that record, plus a spreadsheet and some basic bookkeeping skills, you can now audit my entire performance.

Go ahead...audit me. I dare ya.

Does it get any more anti-Madoff than this? It's as if the securities depository had a read-only API through which anyone can check any account's trades. In fact, the Nxt AE is so anti-Madoff that I can see traders rejecting it because it would automatically divulge their trading secrets. It makes reverse-engineering of a trading strategy a breeze.

There have been four Ponzis that I know of on the Nxt AE, all of which were explicitly warned about by scarred Nxt vets. I got burned by one of them, which shows you that I'm somewhat of a fool. What did these Ponzis all have in common? They all purported to deliver huge profits from trading on centralized exchanges that do not offer any read-only APIs of an account's trading records. You git? None of them would have even been possible had they purported to offer huge profits from trading Nxt Assets. They would have been spotted very quickly.

Nxt's AE in its present form is a major leap forward for transparency - a radical leap, really. As I noted above, many professional traders would actually reject the AE on the grounds that its transparency effectively infringes of traders' trade secrets.

Now if you'll excuse me, I've gotta make my rounds on Bitcointalk and the Nxt forum before paying my Asset holders the dividends I owe them...

i read that story, Madoff seem like a Hitler of the financial world  ;D

More like the Lucifer (https://en.wikipedia.org/wiki/Devil_in_Christianity) of the financial world. Before his hedge fund had turned into a Ponzi, Madoff had been a real pillar of NASDAQ society. In fact, he and his form were the main creator of NASDAQ and the force behind its acceptance.

Have a look at this capsule bio of him, from 2007 (http://philoctetes.org/event/the_future_of_the_stock_market) (i.e., before he confessed and was arrested):


A fallen angel or fallen morning star, indeed.

Very well said and I couldn't agree more.

Unlike BTC which user base is lot less what we would like it to be, but still, slowly but surely it is growing and at least it is used in real world applications such as shopping, porn, gambling, this 100% premined digital rubbish NXT is used by absolutely no one in the real world. NXT is a pure P&D trading asset without any real world applications except that existing users try to convince naive new users to buy in by promising/projecting/implying a nice return on "investment". It's a strange combination of a ponzi and fraudulent investment scheme, but whichever angle we see it is a scam.

Not surprisingly, the biggest swindler of the landscape is jl777 James, the shining star of this shamble with his vaporware Supernet - again with zero real world applications and not related with any real world use cases whatsoever. The jl777 upgraded scam scheme fits well into the NXT scam.

And of course, the bagholders of NXT attack all critics. After all, these wankers try to lure new investors into this nonsense for a few BTC "profit" and threads like this spoil the money collecting party.

Ohhhhh you clown ... what exactly the real world use case or application of your "asset"?

I am not quite sure I would call NXT a scam. It has an active base, continuous updates, and a platform that has multiple built-in functionalities... which is more than 80% of the coins out right now.

Funny how a 'scam' has produced more usable core technology than any other crypto-currency. :o

Well said but I had to correct you :D

You should join the SuperNET slack and help beta test some parts of SuperNET like InstantDEX. Or if you're a coder, review the massive amount of code that's already been written for it(50k+ lines? not that LoC indicate much on their own).

Or just download the SuperNET wallet and use it yourself. No need to use NXT specifically if you don't want to.

I find your post pretty weird because my experience so far looking at NXT and SuperNET is pretty much the exact opposite of how you lay it out.

Well, I happen to be clownishly making real profits by spread trading. I also clownishly drop block-explorer links to prove it. And then, I clownishly distribute the profits to my Asset holders as specified in the offering document. Just as I've clownishly lived up to the terms at all other times, since I issued my Asset.

How clownish of me. ::)

I personally believe the value will rise as soon as public realize that everything decentralized will prove to be more secure.
The trust-less system is the key point IMO, the 3rd party developments based on nxt, the dedication of the devs is the one which will bring it to the moon

That moment when UF and DE bond over their shared love of dank maymays.

I first started going to 4chan in 2004 and this is a bit much for me.

It's not too late to join the winning team.  NEM No Envy Movement.

Well, I'll give you this: it's nice to see you show your hidden hand. The only thing that stopped me from buying NEM was price. When it sunk to 20'000 NXT on the AE, I was tempted to pick up a haunch - but stubborn old me waited for it to sink further to ~10'000. And sure enough: 20'000 was close to the low, after which it rebounded. Go figure. :)

Do you happen to know how much BTC it would take to buy enough NEM to make up a stake at today's (Polo) prices?

https://nxtblocks.info/#section/assets_exchange/market/12465186738101000735
(click the "all" button under the market tab)

NEMstake range was 15,000 to 50,000.  Most people bought between 20,000 to 40,000 NXT, if you look at volume (mean based at volume peaks was probably around 30,000?  That's a lot of number crunching for an otherwise immaterial exact number when an approximation is sufficient).

Today 2,225,000 XEM (equivalent to one NEMstake) can be sold for 1.35 BTC and that 1.35 BTC can approximate NEMstake-NXT:  meaning 2.25M XEM = 27,000 NXT.  

wow... if i wasn't sure, but it seems like he's really desperately pushing NEM hard on this forum.... good luck and god speed!

TaunSew is obviously an anti-NEM activist that is trying hard to make NEM look bad by posing as a special retarded troll supporter  ;) The NEM community should not fall in the trap and distance itself from his actions that are intended to harm the coin.

nxt seems pretty darn cheap at these prices. i guess it isnt rising to the top this year. :P

Personally, I think the falling price is a good thing for NXT overall.  It would even be better if it falls further close to or slightly lower than the IPO price with the hope that the huge stake holders cash out some of their holdings, spreading the coins out even further.  From there, the price could start picking up again with better distribution.

And it would become a more attractive buy for potential investors.

Sub $2500 USD marketcap for NXT would allow a lot of us to acquire nice stakes.  We can only pray.

Lol.  Oh yeah...  I forgot about that.

But you get the point. 

What NXT really needs is to pick up in trading volume, even if it's coming from speculation.  It makes more of an attractive investment knowing it is actively traded.  Hopefully the lower prices would help.

The officially accepted definition of a liquid market is one in which 1% of the coins/tokens/porkbellies are traded per day.....by that definition, NXT trading is liquid right now, with a 24 hour volume of $87,000 on a market cap that bounces from $7-9 million. Hope it stays that way.....

Distribution is looking sweet as well: the last stakeholder to dump has been spreading the NXT around nicely, but she's just run out of NXT to give away.

Sure.  But that's no excuse not to improve.  A daily average trading volume of 87k USD just won't do in the long run.

I can imagine a 200 sat

Where can I check the distribution of NXT?
Last time I checked (like a year ago) something like 70% of it were held by 100 accounts

@Tokeweed....the current liquidity situation is a massive improvement on 6 months ago, but, yeah, more is better.

@Canaanite:
Here's a rich list from a couple of weeks ago:
https://drive.google.com/open?id=0B4OEA-peIYHXeGpmOE0wNlQyYWM

It does look better than what I remember...
How did the whales sell their NXT? did they do it through exchanges?

There were no doubt person-to-person deals, especially in the beginning, but most went to exchanges.
We've just had one stakeholder put 50 million NXT straight onto exchanges over the last couple of months, but he/she was pretty much the last big accountholder from the original stakeholders; most current big accounts have emerged since the initial distribution: exchanges, traders and project funds.

Most whales have been sold their stake from time to time. It seems there are less whales left from the 73 early investors.

Is there any site to check this on live? I mean, I remember back in the days there were 2 or 3 good webpages to check the distribution and top accounts. Now there is only that GoogleDocs document....

Yeah, it's been bugging me as well...hence the Excel rich list.

https://nxtportal.org/monitor/
Shows the active forging accounts, but a simple richlist display would also be useful.

https://www.mynxt.info/accounts?order-accounts=ascending
http://nxtreporting.com/stats.php
https://www.mofowallet.com/
All have explorer functionality, so worth checking out.

What's this about and what are the implications?

https://nxtforum.org/general-discussion/price-speculation/msg199646/#msg199646

Hope not, or maybe I should sell all my NXT holdings before it happens.  :-\

Supernet dev is leaving NXT and is/was dumping 5m NXT?  I'm pretty sure NXT will recover from it.  Their core devs are pretty active and loyal.  It's their marketing that needs work imho.

Supernet will be destroyed if it leaves NXT.  If I was a SuperNet holder or holder of any of James' assets, I'd be dumping them like crazy.

It would rather be the other way around, if ever. I believe Nxt will suffer more, the api changes have impacted other projects beside SN. I'm happy to hold more assets than Nxt.

Enjoy losing all your money.

The only rational explanation is that you're trying to raise fud about SN in order to buy more assets  :D  SN doesn't need to rely on Nxt api in order to deliver, there are alternatives. For now I enjoy buying more cheap SN assets.

Yes... that's exactly what I'm doing... keep telling yourself that.  ::)

For me, a good coin NXt

new NXT subforum!  ;)

https://forum.bitcoin.com/nxt-f91/

expect a demand increase in the following hours/days. good luck everyone

Exactly if a lot of positive projects pay good dividends to shareholders, then BTC has to be transformed in Nxt and sold on Poloniex. Depressing the price but not reflecting the real value of Nxt as a community.

Nice, you have digged out my old post. I guess what I wrote is more up-to-date than ever. Nxt price is still under pressure while transactions on the asset exchange are increasing.