Bitcoin Forum

We want to know if NXT is the new bitcoin protocol!

Ignore...


Next!

clever.

i already bought Paycoin and Nusshit.  :-[

Please add NXT is a joke, a small circle jerk of nerds who couldn't even get 5,000 downloads for its mess ever app..... as one of the options.

Common give it a try

The most hilarious thing about NXT is the monetary system. It was hyped like crazy with supporters constantly chanting that it would be the thing that could finally take NXT to the moon.

It's literally nothing more than a way to donate NXT to proof of waste miners.

like bitcoin in 2010? :P

I doubt many people expected a pump with this feature, MS was intended to create other coins which could have the value instead the own NXTs... If you can't see the potential of this feature...well, I wouldn't bother spending many time. With MS you can create a crypto with the same functionality as Bitcoin, litecoin or doge and withouth worries about network security because is backed by nxt network and not a small net of nodes if you launch a new bitcoin clone...
And not all MS coins are mintable, that is only a way to distribute them, maybe cause a lot of crying miners which have been talking shit about nxt for a whole year -.- If you want to distribute them by other methods, you can, but remember that the whole bitcoin community will be crying forever...

exactly. a thoroughly hated small group of insider dick-riders who never gain a following.  ;D

Sometimes I wonder where all the hate comes from...


First it started with "Nxt is not open source!" (hint: it was open source since day one, everyone could decompile the jar files)

Then:"But the code is ugly, it's one large file!" (hint: It did the purpose, and look at it now, it looks very clean and well written)

Then the famous J. Garzik said: "But the hashes don't match!" (hint: If you compile Java with different compilers, hashes usually don't match. Why didn't he just look at the diff of the source files?)

Then: "But it could be attack with Nothing at stake attack!!!!" (hint: kushti wrote a scientific papers incl. hard math that states N@S is not a danger)

Now: "OMG circlejerk scamcoin wtf dickriders"...


Come on guys... seriously  :D

Some Nxt followers may come across as nerdy and sometimes arrogant, but it's just because they try to defend against statements such as the above.

you forgot about the fact that 12 accounts forge all the blocks. its an insider coin. either you are in the club or you dont make money.

Here are the accounts that did all the NXT forging over the last 30 days:
(Forging = 'mining', confirming transactions to secure the blockchain):
http://i60.tinypic.com/hrg49f.jpg
https://nxtblocks.info/#section/blockexplorer_charts

I make that 15 "whale" accounts confirming 60% of blocks, with 40% of block confirmations spread out over the little guys.
Seems fair enough, though it could be better. But, still, it's not 12 accounts forging all the blocks, by a long way.

It was never the intention of NXT to make serious money by forging blocks......NXT is a platform, not a simple currency.
People can make money/add value by building applications on top of NXT.....like the Nxtty App:

If you're gonna rag on something, get it right. Nxtty is a third party project that utilises some features of NXT.
It's not a NXT core component, but a project in its own right, seperate from NXT.
Whether it succeds or fails has precisely nothing to do with how functional NXT and its network are.
This is like saying that BTC sucks because of Gems.


Heres another good effort:

So...do you wanna show me any of this hype?
MS is a good feature, might even be  as useful as the Asset Exchange sometime soon, but right now it's a baby.
Though, having said that, there are now something like 760 MS currencies created, and every single one of these currencies represents someone trying to set up their own project, whether it's just for a laugh, or a serious project.

NXT allows people to do whatever the hell they want, and provides a selection of powerful features to allow/assist users. That's it.

NXT is simply the Linux of crypto: complicated, powerful, de-centralised, completely open and somewhat controversial.
If NXT critics would prefer to give their hard-earned cash to a more corporate/centralised project, there are plenty to choose from.  
 

Answer is going to be more complex that a simple 'yes':

NXT is one of the most effective, tested and secure current alternatives to the BTC protocol and blockchain.
It may even be the best BTC alternative blockchain, if you take a look at it's dominance of the Asset markets...
http://coinmarketcap.com/assets/

It was started by an anonymous person called BitCoinNext (https://bitcointalk.org/index.php?topic=303898.0) (BCNext) and designed to fix the flaws that led to Bitcoin's centralization.  You decide.

It could be .

Damn accurate analogy. Several years ago, I was forced to try an old beat up. scratched to hell Ubuntu coz windoze permacrashed (imagine that). Since then, I have never looked backed. I completely see NXT in the same regard.

Those with the patience to "get" NXT have opportunities that would be considered almost Johnny Mnemonic-like Sci-Fi even as recent as a decade ago. I am definitely all chips in w/NXT [aka AltcoinWarrior on the NXT forum].

people from nxt should just avoid btt altcoins section and keep working on the project. they should be focused on doing well at payments expo 2015...  where it matters.

Yes, probably right. Most of 1the Nxt users still consider users of btt as the target audience. But the market on here is already saturated.

you got that right. those who want it already bought it.

the nxters need get out in the real world and push adoption instead of spamming this forum.

It depends what you are targeting them for. There will be a lot of devs and UI guys out of work pretty soon ;)

Hm. Looks like the real Elwar gone for good and sold his account.

is it still an insider coin if you can buy it on numerous public exchanges?

Making money:
Lets say you bought 1M Nxt a year ago.
You forged 24/7 for 1 whole year.
After 1 year, you would have forged 5'000 Nxt.
(which seems about right if we look at historic data)

Right now, this translates to
64 USD

What do you mean by next bitcoin protocol? I really doubt that any coin/platform can do better than bitcoin(wide adoption already here, big players onboard)

I am personally impressed by NXT from technical perspective - lots of features, written from scratch, great community...the problem is - it never show a sign of wide adoption, the devs are pushing and pushing for new features but they never do enough for PR and marketing ...maybe it's too late now?

The blockchain data shows ever increasing adoption, I don't think anybody expected Bitcoin levels of transactions after just 1 year. But they are increasing.

https://nxtblocks.info/#section/blockexplorer_charts

I am using May 2014 as that was the launch of the first major feature users could use, Asset Exchange.

Transactions per day has gone up more than ten fold.

May 14: 200 - 500 transactions per day
Jan 15: 5500 - 7000 transactions per day

The growing steepness of the curve in Cumulative transactions per day shows how transactions are increasing at a faster and faster rate.


With the  transactions per day increasing, the Average transactions per block per day is also rising, which is good for forgers.

May 14: 0.3 - 0.6 transactions per block per day
Jan 15: 8 - 11 transactions per block per day


No crypto shows signs of wide adoption (even Bitcoin). Nxt does show positive, concrete signs of growing adoption and at an ever increasing rate. Something must be going right  ;D

It would be the logical decision.

NXT prevails as the less flawed and most advanced cryptocoin nowadays.

i have invest all my money in nxt and assets

Nobody cared that Satoshi owned thousands of coins.
Like if BTC is not an insider stuff.
It must be insider as it protrudes from a single individual to the whole community.
It is a temporary phase.

nxt will not overtake bitcoin. as i believe its more of a application platform than a coin itself. the coin comes second. And regardless all coins must go through the BTC > Fiat gateway.

If you have time they don't...

https://www.ccedk.com

Nxt has fiat pairs available in:

EUR
USD
GBP
DKK
SEK
NOK
CHF
RUB
UAH
CNY

NXT is the only Gen 2.0 platform that takes decentralization and anon seriously...
Bitcoin, Ripple, Bitshares, Counterparty, etc may as well be centrally hosted on Google servers...
P2P just slows it all down by a factor of 100 for no gain, baby...
There is absolutely zero advantage to cryptoassets and blockchains if they are centralized = single point of failure.

I can't believe that I have to point this out...
But any centralized, verifiable crypto is a scam to make the principals rich...
So all the fast buck artists here make a habit of shitting on NXT.


Recent Poll from NXT Forum - Pick Top 5 NXT Exchange Assets for Long Term

https://i.imgur.com/Ftcs7zj.png

NXT isn't just a currency it's a "transactional currency".  It's used as a transactional token similar to XRP and because of this utility and scarcity also as a store of value.  NXT takes Satoshi's original vision, expands upon its application and fixes the centralization flaw of PoW.

NXT is the only crypto platform that remains true to the original cause and premise of cryptocurrenies.  We are the defenders of decentralization.  We are the descendants of Bitcoin.

what about the other crypto 2.0 techs? dont they follow satoshi's vision too?

No they're all Corporatist / Communist centralized garbage.

Although there are criticisms about distribution, NXT has genuine technical diversity

can you elaborate on that?

doesnt stop the whales from dumping all over the 'little guys' though does it. whenever nxt gets above 5500 sat they dump.

I like the Nxt. I hold some of it along with some assetts.

i have nxt 2 and my assets  ;D

the poll should have an 'i already have nxt' option.

5500 sat? Do you mean 275$?

PS: Ah, you talking about Nxt, not about Bitcoin!  ;D

Ripple, Stellar, Bitshares, "Made"Safe, PayCon, Ethereum, and the plethora of PoW coins now run by large corporatized mining cartels.

they still serve a purpose by linking fiat to the cryptocurrency world. i dont see any other way of linking it to the banking system without them. im just talking about certain companies that aid in that.

The goal is to break free.

i dont see fiat going away in our lifetimes. sometimes people just need to be realistic. fiat is here to stay and it will coexist with crypto

This seems very likely. Governments - in particular - are not going to cede control to decentralized cryptocurrency very rapidly. Since they have such a massive influence on people and money that will not change rapidly.

i can see crypto being widely adopted first in some 3rd world country with a messed up government before our 1st world nations take it on. We just have too many other choices that are more convenient and stable as a currency. sure merchants will take btc, but i suspect ppl will not be using their coins unless there is a big incentive.

Indeed. Merchant adoption is very tough when a currency fluctuates. Big businesses hate uncertainty - which is exactly what fluctuating prices cause. There are a few Bitcoin businesses designed to help with this issue but they do not seem to have had a large impact so far. Price stability is going to be a must before massive adoption takes place IMO.

I wish that the people posted in 2015 in this thread talk about their experience with NXT in this time. I think NXT it's one of the most well developed projects richt now. And undervalued, of course