Please post links to blog, etc., you can write anything here as you always do, I'll believe when I see the links. Chances are you're misinterpreting someone's subjective opinion.
How is that subjective opinion? Its a quote |
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I will help you, here is quote from JL777Hodl.
"This means the active liquid NXT is probably around 250 million total, which is still plenty especially with the normal trading volumes of 1 million NXT per day."
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@atoni, I have no idea which blog post you're referring to. Whatever it is, there is objective information that you get from analyzing the blockchain (300+ successful block generating accounts) and there are subjective opinions in the blogs. You need to check the date of the post also, if it was some time ago, things have changed a lot. Likewise, there are subjective opinions on which assets to invest into, why do you ask me to comment on one of them? It's not like all the NXT community invests in one and the same assets, community is decentralized just like NXT itself, unlike Ripple  Read Szalasz blog with interview with JL777Hodl where he explains how they released only 25% of currency to people and still control 75%. It is not some random asset that I used, for that type of scam there is over 160 assets on nxt asset exchange that are blatant scam which I could use as example. I used post and asset from NXT Founder and its Developer so you can pretty much say one of Nxt Main Figures that pays for fake volume to unload his crap on noobs. And there you go again with Ripple being centralized, you already saw that picture which shows you the difference between centralized - decentralized - distributed so I dont know why you are playing blind englishman here. |
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NXT was the first POS.
Peercoin aka PPCoin was the first PoS coin actually. NXT is the first "PoS 2.0" coin. Entire crypto 2.0 is debatable. Ripple was first crypto 2.0 and it set the standards (2 years ago). It offers instant transactions, ability to send any currency anywhere (you can send even USD, EUR, BTC, or airline points) instantly, asset exchange (where you have the ability to make your own order books in any currency you want), gateways (where anyone can become a gateway) etc etc. NXT so far managed only to copy asset exchange from ripple (but in next you cannot choose in which currency to list assets etc, nor can you make your own order books, its central exchange) and will try to copy gateways (but run by devs, not by anyone) and will try to copy instant transactions (but only in nxt, you cannot transfer other currencies). So NXT and other clones of ripple can be called crypto 1.1 only for now since they managed to copy only small part of Ripple so far. Ripple is centralised though so most people don't even consider it in the same category. Not that it isn't an interesting idea though. Ripple is not centralised, its distributed. There was good picture by some of nxt members that shows how it goes from centralized - decentralized - distributed so one can argue that distributed is more advanced. And it has nothing to do with centralized, its actually the opposite. |
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NXT was the first POS.
Peercoin aka PPCoin was the first PoS coin actually. NXT is the first "PoS 2.0" coin. Entire crypto 2.0 is debatable. Ripple was first crypto 2.0 and it set the standards (2 years ago). It offers instant transactions, ability to send any currency anywhere (you can send even USD, EUR, BTC, or airline points) instantly, asset exchange (where you have the ability to make your own order books in any currency you want), gateways (where anyone can become a gateway) etc etc. NXT so far managed only to copy asset exchange from ripple (but in next you cannot choose in which currency to list assets etc, nor can you make your own order books, its central exchange) and will try to copy gateways (but run by devs, not by anyone) and will try to copy instant transactions (but only in nxt, you cannot transfer other currencies). So NXT and other clones of ripple can be called crypto 1.1 only for now since they managed to copy only small part of Ripple so far. |
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Let's agree to make it one person not to beat around the bush any longer and we can end this discussion  Sure, who likes to read Facts U Dislike anyway  Nah, you just post disinformation, yesterday you said there are only 100 nodes in NXT network, now you say it all belongs to 1 or 3 people. Tomorrow you'll pull another rabbit out of your hat. I understand you want to buy cheap NXTs, everybody does, but it's as cheap as it will go now, so don't waste your time, another couple of weeks and the price will be higher because a lot of new things are coming to NXT. Which disinformation? I was using number from one of Deadelus forum posts where he was begging for people to leave wallets open to have secured network. And your number of 300 wallets receiving a reward in an entire week is interesting too (thats 300 wallets in entire week lol) I didnt say that entire network belongs to a couple of people but 75% of it and for that I used Jl777Hodl interview on Szalasz blog (one is founding member of NXT other is nxt champion so I couldnt have used better sources). Care to comment on how JL777Hodl pays NXT community to fake volume on Poloniex while at same time he is unloading it to poloniex noobs (and sadly his own community members) at 100% profit in arbitrage? https://nxtforum.org/general-discussion/price-speculation/msg66820/#msg66820Not to mention that at NXT original thread he is congratulating to himself for having such high volume (which is not laughable because its only 5 btc, but because the fact that its paid fake volume). |
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What`s jl777hodl (JLH) [/quote] Its an asset rated as buy |
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Sorry to break it to you but crypto assets have been trading since beginning of bitcoin. Maybe James doesnt remember GLBSE? Or how about this: www.cryptostocks.comOr the oldest of them all, https://www.therocktrading.com/en/exchange/stock which is also currency exchange. But I must admit, paradigm shift does sound cool....if only it was true lol I said it was the first on a major crypto exchange, I guess the last part maybe got edited out during the press release-ization I indeed dont remember GLBSE, I only discovered crypto last November. cryptostocks is at least still around and doing some amount of business: BTC 7 day volume 88.94 30 day volume 704.06 Still, Poloniex does in a good day what cryptostocks does in a month. Not sure they are really in the same category. Coinomat raised over 100 times what it raised via cryptostocks on the NXT AE, in a day. Poloniex represents a lot more potential volume than the NXT community can bring to AE at the moment. The point is not that JLH is trading, after all it was born within NXT AE and that is all about trading. The point is that JLH is trading alongside cryptos like XMR, LTC, DOGE, DRK, XC, etc. So far it actually has more volume than all of those other than XMR as is #9 in trading volume without a full day of trading. This development paves the path for other assets to trade on crypto exchanges, instead of backwater (no offense cryptostocks!) asset only exchanges. So maybe if taken literally, there are some minor inaccuracies, but the point is still quite valid. A new age is here for cryptoassets. I expect a mad dash to all the cryptoexchanges for crowdfunding now James Poloniex good day for all cryptos on it combined doesnt even come to top20 bitcoin only exchanges And crypto assets exist for over half a decade, while virtual assets exist for almost a decade now (visit slcapex.com for example). But more importantly, did you actually offer 10k NXT bounty to next community to artificially fake volume on poloniex ( https://nxtforum.org/general-discussion/price-speculation/msg66820/#msg66820), while at same time setting price 100% higher then on nxt ae and unloading it to nxt members that went for bounty....at 100% profit on arbitrage? LOL (lol is meant for faking volume, my condolences to nxt members that actually fell for that gimmick). |
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Sorry to break it to you but crypto assets have been trading since beginning of bitcoin. Maybe James doesnt remember GLBSE? Or how about this: www.cryptostocks.comOr the oldest of them all, https://www.therocktrading.com/en/exchange/stock which is also currency exchange. But I must admit, paradigm shift does sound cool....if only it was true lol |
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Let's agree to make it one person not to beat around the bush any longer and we can end this discussion Sure, who likes to read Facts U Dislike anyway |
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Which conspiracy theory?
this one the security of network that is connected to 3 people only (which is still possible its all just 1 person).
IMO nxt distribution is common knowledge of this forum, only thing unknown if it was 3 different people or is it all same person. Only thing people on this forum confuse is telling how someone got rich on nxt, instead of focusing what distribution means for security of pos coins. |
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NXT is the best.You want know why?Just look the NXT official thread again.
And see what? how they plan to copy ripple? Lets see: Ripple native functions (made 2 years ago): instant transactions, asset exchange, aliases, currency issuing, gateways, and most important and what nxt will have hard time copying financial highway (send any currency anyway, trade in any order book, and all that for incredibly small fees). Nxt development: we want to make instant transactions, asset exchange, aliases, we want to make currency issuing, we want to make gateways..... For a copy cat..... |
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@atoni, I see, you're into conspiracy theories here, well, that's without me Which conspiracy theory? Are you saying Szalasz blog with JL777hodl explaining it all lies? Are you actually saying that JL777hodl is making conspiracy theories to hurt nxt? lol |
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they're still susceptable by flat out purchasing by a centralized banking system.
Not really, before they purchase anything close to 50% of the PoS currency, the price will shoot through the roof and this PoS currency becomes world reserve currency at that point. Unlike PoW currency, where they can buy enough hardware for much less money and destroy the PoW currency or flat out ban mining/force it to regulation since it's all becoming centralized mining now in 2-3 places. IMO this post explains it all excellently. Go read Szalasz blog (he is long standing nxt veteran and nxt champion) where founders explain how they released only 25% of coins and still control 75% (even if its not only bcnext but if its really 2-3 his friends involved, we are looking at 3-4 closely connected people). So think about its security. for them to control over 50% of network they dont have to buy anything, they already control it. So its not problem of only initial distribution but of current one as well and its closely connected to how secure it is. Not to mention that almost all fees paid in nxt go directly to them too. And nxt shouldnt be called first crypto 2.0, it copied everything from ripple that was made 2 years before it (and its still not even close to what ripple can do, so if ripple set standards for crypto 2.0 other shitclones dont even come close yet). Also, look at what happened to ripple when 1 founder decided to sell his stash of only 9% of currency. In nxt case there is sword of demaclos in form of 75% of currency or 8X bigger issue. We will see if NEM POI manages to solve risk associated with pos currencies especially ones like in case of nxt where 2-3 friends control almost entire network and can do literally anything they want with it. Its an equivalent of qhash owning 75% of bitcoin mining, but even there its difference because qhash is consisted of many miners that they can easily exclude from network while in nxt case you cant exclude 2-3 friends. @devphp Read again my post, its not only who got fees, its the security of network that is connected to 3 people only (which is still possible its all just 1 person). And argument that 300 accounts generated blocks is laughable, nxt blocks happen each 1,7 minutes, how many times a day is that? of course some outsider got lucky since we are talking about 1,7 minutes * day * 30 days, thats quite a lot of blocks. Thats why distribution in pos is important, because of its security, and not because who got rich when. That is talk for little kids. But security is IMPORTANT question. |
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they're still susceptable by flat out purchasing by a centralized banking system.
Not really, before they purchase anything close to 50% of the PoS currency, the price will shoot through the roof and this PoS currency becomes world reserve currency at that point. Unlike PoW currency, where they can buy enough hardware for much less money and destroy the PoW currency or flat out ban mining/force it to regulation since it's all becoming centralized mining now in 2-3 places. IMO this post explains it all excellently. Go read Szalasz blog (he is long standing nxt veteran and nxt champion) where founders explain how they released only 25% of coins and still control 75% (even if its not only bcnext but if its really 2-3 his friends involved, we are looking at 3-4 closely connected people). So think about its security. for them to control over 50% of network they dont have to buy anything, they already control it. So its not problem of only initial distribution but of current one as well and its closely connected to how secure it is. Not to mention that almost all fees paid in nxt go directly to them too. And nxt shouldnt be called first crypto 2.0, it copied everything from ripple that was made 2 years before it (and its still not even close to what ripple can do, so if ripple set standards for crypto 2.0 other shitclones dont even come close yet). Also, look at what happened to ripple when 1 founder decided to sell his stash of only 9% of currency. In nxt case there is sword of demaclos in form of 75% of currency or 8X bigger issue. We will see if NEM POI manages to solve risk associated with pos currencies especially ones like in case of nxt where 2-3 friends control almost entire network and can do literally anything they want with it. Its an equivalent of qhash owning 75% of bitcoin mining, but even there its difference because qhash is consisted of many miners that they can easily exclude from network while in nxt case you cant exclude 2-3 friends. |
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Don't make guesses The only way to find out is to set up a node, set allowed max. connections to a very high number and then leave it running for a few days, you will see a lot more peers than that or than Ripple, but I won't tell you how many, you must do the homework yourself Haha, so its not true then? how many peers are running it? you know I wont set up nxt node, I bought next at 20 mil mkcap and sold at 80, and will maybe buy again but even then I will probably keep them on exchange like I did before. Max number of peers I've ever seen has been around the 1200 mark...... @strspeed...probably a good idea, diversity in your portfolio is a good thing, and apart from Ripples unfortunate tendency to employ dodgy aristocrats, they are probably a sound investment. (But NXT is better.... )I hope all cryptos increase, entire crpyto world including bitcoin is still in speculation mode and far from any usage, so if people dont make money but lose they go out telling extremely bad stories which hurts crypto a lot. I remember when bitcoin dropped from 32 to 2, then it was not such a big deal because this forum was pretty much only place with any bitcoin talk, but now if it falls from 620 to 10 it will probably cause significant losses and extremely bad publicity. Although in reality, for crypto to be used for transfer of value (and going around the middle man), price doesnt matter that much because you only care for it for 30 minutes while bitcoins get transfered. But since we are far from that usage and speculation is still main growth vehicle it matters a lot when people lose. |
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Actually ripple was in smart contracts talk 2 years ago (you can probably still find articles with jed about it). What they did is made it user friends for any developer to use on ripple. Do you understand centralized,distributed,and decentralized? I do, there is picture a couple of posts before that is pretty much self explanatory. It shows exactly that ripple is not centralized. EDIT: just saw that picture is from you, so its self explanatory. |
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I see, I dont know if its fud or not but I dont think you can copyright words. Although I dont know what can be trade marked or copyrighted, like in case of apple a couple of posts ago I dont think its possible to trade mark a word. Then apple would sue every cook book But I am not expert in that field (I am not expert in ripple either, I just started to use it when bitinstant got closed) but to me common sense says that you can use word apple freely. Maybe problem becomes if you use word apple with their logo on products? I dont know much about that sorry, if its possible to trade mark or copyright words I will copyright all words and sue anyone that writes anything lol |
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Actually ripple was in smart contracts talk 2 years ago (you can probably still find articles with jed about it). What they did is made it user friends for any developer to use on ripple. Ripple did not invent smart contracts either - http://szabo.best.vwh.net/smart_contracts_idea.htmlNxt did not claim that they invented all the features they have except Transparent Forge consensus mechanism. They are innovative in term of the Transparent Forge and the overall architecture of a new crypto. I didnt say ripple invented smart contracts, I said introduced. Smart contracts are used in numerous applications already for a several years now. |
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Don't make guesses The only way to find out is to set up a node, set allowed max. connections to a very high number and then leave it running for a few days, you will see a lot more peers than that or than Ripple, but I won't tell you how many, you must do the homework yourself Haha, so its not true then? how many peers are running it? you know I wont set up nxt node, I bought next at 20 mil mkcap and sold at 80, and will maybe buy again but even then I will probably keep them on exchange like I did before. |
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