Bitcoin Forum

These are 2 new coins, both consider themselves 2nd gen, not based on original BTC code, both claiming next generation features...  NMC is just released, eMunie is in beta.....

my bet is the 2 devs knew each other and had some falling out, etc.

regardless, some very exciting changes coming on to the scene, i believe

I don't know anything about eMunie, but Nxt is a pretty sweet system.  It's great being able to do proof of stake mining from my macbook.

While both are successors to BTC, the bus stops there and emunie has no connection to NXT whatsoever. The primary goal of emunie is to create a currency system (something that BTC has failed to achieve, as it has turned into a commodity instead) and along with this goal introduce facilities and features more advanced or completely lacking in current crypto "currencies", as well as correct some problems associated with them. Some of these features have been divulged in some threads in this forum, but make no mistake, that's just the tip of the iceberg. Another important facet of emunie is that it is not being rushed. Fuserleer has rewritten some aspects of the software time and again just to make things "perfect". When it is launched, you'll not only have a feature rich client, but a client that has been thoroughly thought-out and a client that has been heavily tested. Functionality, usability, reliability, performance and supportability; emunie accounts for them all. ;)

How exactly do you mine NXT?

I have the wallet but don't see how you mine with it.

Lol I can assure you that I don't know the dev of Nxt at all.

That said, if I did, I would most certainly have fell out with regard to his "QA" practices, so you are semi correct on one point!

I'm going to be a bit brash here, but simply put, NxT (and most other "next gen" cryptos) simply wont be able to compete with the technical quality of eMunie, save for perhaps Invictus Innovations BitShare/KeyHotee and MercSuey's latest paper, nothing comes close.

I hope you're right, can't wait for eMunie's release.

well its 100% proof of stake.  you only mine when you have coins and the system determines a demand for new coins based on demand.  the concept is that X number of coins were premined and distributed via the genesis.  now its up to those people who got them to distribute them out further.  the system creates new coins by demand from its builtin exchange (which im not sure if that feature is ready yet) and the new coins are dirstibuted out to the existing holders for sale into the exchange.

at least thats the way I understand.  its still brand new, released last week.



cool man, just wondering, they seem very similar in all those aspects I put out, plus 1 i forgot which was java client for 1st binary, was just making a guess.  Im going in on both FWIW, keep it up, looking forward to newer and better crypto currencies

EMU will win!

Has emunie been released yet? From what I can find it's still in dev.

As an investor, I'm going to be involved in both of them. Competition is good.
I do really look forward to testing eMunie... fingers crossed I'll get into the beta. *wink wink Fuserleer* ;)

yes i want to invest as well..  I was a few days late to get into the nxt genesis block pre-sell.  Id like to get into the emunie one but it seems fairly expensive at $0.1 USD per eMunie

There have been 1 billion nxt since the day it was launched, split between the initial investors.

Well Nxt is already leaps and bounds ahead of emunie.  It sounds like you're jealous and insecure.  I can guarantee you that Nxt will outperform emunie in all aspects.  You already know this yourself, hence your smear comments.  You have posts on your emunie forum discussing Nxt's successes and are trying to emulate Nxt.

I'm heavily invested in both Nxt and eMu.  Have you beta tested eMu client?  It's really innovative.  I wouldn't say Nxt is "leaps and bounds ahead" other than the fact that it's out there being sold right now.  I see Nxt as a hoarders currency and eMu as a spenders currency, they are both great, but very different in most ways.  When the eMu client is officially released, it will be more advanced than Nxt client, however, it's a demand generation currency, and it won't sky rocket in value like I expect Nxt will. 

Where can you buy eMunie?

And where was the genesis block of Next offered (in the forums? )

Go to eMunie forum, the pre-sale will be open to everyone soon.   

Nxt block offered here:
https://bitcointalk.org/index.php?topic=303898.msg3253022#msg3253022

as a non-nxt stakeholder, i dont see his statements as smear.  However I have acquired a good bit b/c NXT does look promising, and I thought it a good bet.  IMO he is correct on the QA thing though.  Only recently has there been a slowdown on client updates, and some of them have been very bad.  Some people have lost their NXT (due to their own negligence, yes, but you have to admit there wasnt much of a disclaimer in the client warning of proper use) and I see that as negative publicity.  Also, the POS thing and only 71 stakeholders is other negative publicity.  How long was the notification of buy in before the closing of the buy in?  Yes I understand the nature of the stakeholder investment, but given that it is based on a deflationary model, I am concerned

In contrast, eMu has been in "beta" with what I assume is not real money at stake.  Im not in the beta test so Im not really aware of what all is going on or the planned released features come Jan.  That being said, the notification for prebuyin of emu is vastly longer than NXT, and also I 100% agree with a previous poster regarding NXT being hoarders and EMU being spenders.  Given those 2, my prediction is the  the general public will consider emu much more 'fair'.  Not that Im saying that 'fair' *should* matter, mind you, Im just saying maybe that will be a big thing, maybe not.  Thing is the emu presell is MUCH more expensive than the NXT one.

will be EXTREMELY interesting to see how it works out.

On that last point wasn't there something like 1 billion nxt handed out? So comparatively speaking it's impossible to consider emunie expensive and nxt cheap.

There would have to be 80 million dollars invested in emunie for the same amount of coins to be handed out (no way that will happen in the pre-buy :) ). This means emunie's coins are more expensive but way less of them at release. That's the way I see that at least.

Even in Beta, eMunie has 10 times the features of Nxt. It's faster too.

Yes, eMunie can easily labeled as a spenders client... it's supposed to be a currency and not a commodity... which is a rarity in these parts. You can escape a fiat system if your unit of measure is in constant flux *cough btc* which in turn, cripples you buy forcing any sort of pricing to be ultimately pegged back to fiat. eMunie is hoping to change that, only time will tell.

I will bump this and write the word emunie

this way the alarm will go of in emunie headquarters and someone will show up to read this...

Dan still waiting on my 4 LTC

you can send it back to LYRKvVBnMNDwWU77KrSF2f2esP7AyFB344

need them to invest in NXT.


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Since you have no interest in emu, you may want to change your profile pic to something other than their logo.

I want to change it so badly, but it is blocked by the forum policy and can not change it. I am marked for the rest of my life.

but promise the moment I have my money back from Dan wont post and troll here anymore, well till than ....


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Can't these 2 coins co-exist and tread to the bright future hand in hand?

I'm watching and promoting both eMunie and NXT as IMO both coins (will) have great features and the potential for being real currencies instead of another pieces of virtual gold.

I believe eMu + Nxt combo will dethrone Bitcoin, all that we need for that is a trustless way to exchange EMU to NXT and back.

I think BTC will exist as virtual gold old gem collection (something long term storage of value), but I'm affraid it never will be a widely used currency. NXT and eMunie could/will be currencies what we can use in the off-licence on the corner :).

Both coins will have distributed exchange functions, maybe extending this function with some kind of common IOU accepted by both coins can do the job. Perhaps forking Ripple and building an exchange service would be the easiest way.

ha exactly. Fuck btc!

I think Nxt will replace BTC as virtual gold and eMu could be a great way to buy, sell, trade as a consistent value currency.  It will be interesting to see if the delay in eMu client release will have a detrimental effect on adoption, since Nxt really seem to be off and running at the moment.  I like both and hope both do well.

If you build it...They will come.... I will say no more, wait and watch the magic happen in the next few years.

There are too much money and investment in BTC so it will not be easy to replace.
I think that delay isn't a big issue, as NXT at this moment just a working blockchain, but many of the most interesting features are still in beta\development. As I see the latest eMu beta is practically fully functional and most of the advanced features are ready to go. So both coins are in very similar state. BTW this two could work very well together.

just wait till the first BTC flaw is exposed.  myybe a mining pool gets too big.  or whatever.  things will get REALLY interesting then

Nxt and eMu are totally different on the economic front that I don't think they will interfere with each other, but could very well work together.  Most people won't like the slow investment return of eMu, but I think it's great and is a very usable and reliable currency model.

There was a post on the bitcoin reddit today about GHash.io purposefully executing double spends...

+1

question regarding to emunie, where's the money supply comes from? beta test mining? or the blockchain will be reset at official release, or it will be premined as nxt or ripple?

Technicality aside, Bitcoin escapes harder regulations from Western countries because it is what it is a certain hybrid between commodity, payment system and currency. By trying too hard to be just a currency, eMu has much larger risks from the government if it manages to succeed at all.   

You really are getting quite annoying now! After 2 days here you are!

Seeing as its almost Christmas, Ive worked to the bone this year and it is a weekend, perhaps I was having a day off?

It's been done.

Hasn't been a pleasure.

They can indeed, its just Pinarello causing un-needed friction.

I've already stated the only "gripe" I had with NxT which was management and nothing else.

Indeed I am aware of these "risks".

Someone has to aim for that target specifically though, as nothing at the moment really does, more of a half way house.

Even if eMunie doesn't succeed because of it, hopefully it will light a path that others can follow and avoid any pitfalls that get highlighted along the way :)

The work Dan has put into eMunie is quite remarkable

The only reason price going up is the artificial scarcity. Nxt stakeholders with their gazillons of coins are not selling yet. I firmly believe they are waiting for the demand to get higher and higher such that their initial investment would bring %10000000+ roi without a substantial negative effect on the free market price in the future.

How is this situation any different than other coins accused of being premined?

If Nxt coin is not serving a breakthrough technology such as being %100 anonymous,  then i see no reason to invest in a market with total cap value of 25 million USD as of today even though there is near zero liquidity, no knowledge of how much of the coins are still hiding in their cold storage and how much is traded repeatedly to artificially inflate volume levels .

This 1 billion coin are only backed by the initial 21 bitcoins (3000 usd?) stakeholders provided, everyone should remember.

POS concept is nothing new . The dark side of a  %100 POS implementation is that the genesis block containing gazillions of coins infinitely rewards stakeholder/project owners. In this case, NXt coiin 's  edge is being first to implement %100 POS system and marketing it as a fist example of 2nd Gen coins yet to come. These will not be sufficient to locate the coin somewhere near bitcoins prestige.
dont start me with ecological problems of waste energy and resources required for bitcoin and other habitats to survive, being POS and saving energy is not enough for the masses to embrace it.

POS is not a solution to the big problems of digital coins universe , its just a way of distribution. Their  code will have to stay closed source for along time or else some people with much more resources will provide a better version of it instantly. All these will just provide pump and dump instruments with many different names throughtout the road untill somebody comes with a solution to the single and most important problem at hand: Wiil there ever be a %100 anonymous coin?

1 billion nxt coins backed by just 21 bitcoins, RUFK? What a pyramide scheme....

coins are not backed by what people paid for them but by what people will pay for them.
and their utility

OK you're right. The overall digital coin concept relies on mutual agreement on the value of the coins traded against each other between trading parties. Also we have to quote "there is no such thing as a digital coin, only transactions and a ledger upon which the whole ecosystem agrees "

I was originally referring to the genesis block of Nxt coin which leaded to an instant distribution of billions of coins to a couple of people in exchange for only 21 BTC in total. From day 1, the value of the coin raised continuously reaching to levels with a magnitude of 100000000000000 (ish) fold. The reasons of this rise is explained in my previous post(s) but to sum it up, this is purely a bubble case where gazillions of coins are resting in cold storage and only a fraction of it is traded. That's why 25 mll usd market cap of Nxt is misleading and acts as a perpetual medium driving more dummies to the scheme.

-There is a certain degree of lesson to be learned from NXT coin start-up. If you wish your coin to keep standing on the long run you have to decide if it will be a currency or an asset from the beginning. NXT is already labeled as a ponzy scheme by the public, since it has the exact attributes of it.
 
- As a currency, a coin has to be regulated to make it immune to speculative attacks. It needs a hedge instrumentation that will serve a dynamic and autonomus balancer to the coins value. Since digital coins are decentralized in nature, they have to be distributed among many individuals as possible during the startup phase reaching to such a critical mass that it will be adopted by more people each day.It is also important to avoid creating a questionable minority of a coin rich elite.

In case of bitcoin, the very notion of a digital decentralized coin was not in existence therefore btc took quiet a long time to get adopted by different levels of society, this lead to a homogenous distribution i believe.

And it's essential to start a launch with a decentralised exchange feature implemented in the coin. If it is achieved, the coin will be easily and rapidly distributed without causing price gaps and bubbles, even it will only provide an EMU/BTC pair at first.

Remember, EMUNIE will hopefully be the first truly anonymous coin that will rightfully earn a "2ND GEN" label. Also it has to be noted that OWNER OF THE PROJECT has every right to decide if this will be speculative ride or not. Anonymity will be a quantum leap in the digital coins realm and it will bring a magnificient even unheard of level of attention to the project, also unwanted attention from governing forces...


- Today so much more people are aware of highly speculative gain and loss potential in these emerging coins. Everyone's focused on them at this time. That's why i find it only rational to lock the gates at least for the beginning and distribute emunie as a closed source application. I hope there will be some other ways then open source code distro to ensure coin's reliability and strength without risking other forks in an early stage.

- For a newcoin to challenge the notorious btc, it has to provide unprecedented features among which above all comes truly anonymous transactions. No single coin yet to provide this feature , Nxt coin included.

there is no such thing as " speculative attacks", rather its just proper price discovery for that period of time.

there are no such thing as speculator/non speculator. Everyone and no one speculates in every transaction.

eMunie seems more sophisticated in comparison to NxT.

(Announcement of NxT on 28.sep) The announcement was mostly about how to get in on the sale. The idea of NxT was public only for 50 days when investment phase got to an unforeseen end. 7 days later NxT was launched, but without most of the interesting features that were announced. It seems like BCNext just wanted to get NxT out into the wild as fast as possible with the promise of coding and implementing the worthwhile features later on.

(Announcement of eMunie on 30.may) eMunie on the other hand, focused on spreading the idea behind it first. In june the beta phase started which was open to all interested users for a few months, giving them the possibility to help with development of eMunie. 6 months of  beta testing and fine tuning later the investing phase starts which will last till the end of Jan 2014. Thats over half a year in which the idea of eMunie could be contemplated by potential investors. In contrast to NxT, there will be worthwhile features(not all of course) implemented in eMunie at launch (e.g. decentralized exchange)

I've been interested in both because I view each as something new in crypto's.

The way I view things now, NXT seems to be more of an open alpha/beta, while eMunie seems to be more of a closed beta.

Yes, source code will be released in Jan. But I don't see how NxT hasn't technically launched yet? All NxT are issued to the founders and are already traded on an public exchange..