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.

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.

Bitmark, GameCredits.

Well, their IPO resulted in 3000 BTC worth of BAY sold. But we know that BTER and Bob were just faking the volume and taking the BAY back for themselves or whatever. Not sure how much actual BTC was netted and by whom. I think dzimbeck got paid like 100 BTC and x amount of BAY for him to develop.

If he wants to be, yeah. He was an early adopter of Bitcoin and was involved with some of the earliest Bitcoin businesses like Bitinstant.

I meant more like SuperNET is the advanced client with all the plugins, not as a lightweight client. Although Jay is part of SuperNET, and there are two different presentations of the SuperNET: a standard easy to use mode, and an advanced mode with access to everything. I wouldn't call the SuperNET client itself lightweight though as it is built on top of NXT NRS.

There's no way that he's forgotten about BBR.

Pumped and dumped? By the market at large, maybe. Just like every other currency experiences from time to time. By a singular group or individual? No. Pretty sure that giant stash of BBR is sitting there collecting dust.

Ultimately though it's the community's responsibility to integrate and take advantage of the SuperNET API and such. Even if James is busy working on some other aspect of the project at the time, there are lots of other people around to assist.

It kind of feels like there's a standoff here where a lot of people are waiting for Zoidberg to take action, and then on the other hand perhaps Zoidberg is one that gets motivated by seeing the community active on its own. I don't know. There are a few people here who are clearly ready to take an active role but everyone wants to see everyone else working as well.

For a more smoother release schedule the block reward quarters instead of halves. Also starts at 20, not 50 to make it a bit fairer. I shouldn't have said that it was supposed to be a clone reference implementation of Bitcoin Core, as that's not the case. It's Pfennig is supposed to be the clonable reference implementation of Bitmark Core, which is meant to stay as close to the latest Bitcoin Core as possible. It's not 100% up to date at the moment, but it's still fairly close and should be updated at some point in the near future.

There's also a version of Pfennig that's been modified to use the KGW algorithm for people who want smoother difficulty retargeting.

I hadn't seen the Bitcoin Scrypt project before. Seems to be a bit before Bitmark/Pfennig's time, looks like it was last updated May 2014 while July 2014 was when Bitmark/Pfennig was first released.

In a way that's kind of what SuperNET is doing.

Also, there is the Jay framework: http://jnxt.org/jay/

What are you talking about? SuperNET has lots of things operational.

And you say "for that 5 million" as if someone just took all the money raised. That might have happened with Bitshares, but SuperNET doesn't work like that. The money raised stays in the asset and contributes to the net asset value. When money is spent on things related to the project it's done so transparently through approvals from the funding committee.

SuperNET is the closest thing to an actual DAC that I've encountered.

Shouldn't Bitshares be 6.5 million there instead of 500k? That's what Stan said in your link there.

NXT's distribution seems to have turned out pretty well, so that's part of the reason it's still one of the top currencies.

I think distribution is pretty overrated in general, as long as it's not an extreme case there are many more important factors.

Satoshi didn't premine BTC, but he did set up a mining farm and mined the majority of BTC during the first while. Around a million BTC according to expert research.

https://github.com/project-bitmark/pfennig is a made to clone reference implementation of Bitcoin Core with scrypt. Generally it stays a version or two behind Bitcoin, but it needs to be updated and probably will be fairly soon once a few other things get done first.

Here's an independent code review of the same code from last year: https://github.com/Earlz/coinreviews/blob/master/bitmark.txt. The minor issue was a bug in Bitcoin Core itself which Earlz discovered himself and got it fixed in Bitcoin Core, so nothing particular to Bitmark(Bitmark/Pfennig is the same code base, Pfennig is made for people to fork though).

I'm not so sure that NXT is in fewer hands than NEM from what I've read. Maybe, but there's no way to verify things unless people choose to be honest about their holdings.

Probably has something to do with the fact that NEM was originally created as a NXT clone in order to 'fix' the initial distribution of NXT as unfair(despite the fact that the NXT IPO was open to all for 2 months).

While NEM has broken off and done its own thing and separated itself from NXT completely now, I can't really say that I support the idea of giving free stakes to 1000 people as a better option than the other ways of originally distributing a PoS currency. Between the uninforcability of keeping stakes to one per individual, to the fact that the vast majority of stake holders contribute nothing of value and essentially become free riders on the economy, I don't really see the benefit of doing it that way. The incentives don't really line up. That's over and done with though, so there's nothing that can be changed about the past in that regard. But NEM has to demonstrate some value over other established cryptocurrencies if it wants to be a long term competitor.

I'm sure there's some potential in NEM, but they need to reinvent their purpose in a way that makes sense and answers the question of why NEM should be used over any other cryptocurrency.

This doesn't seem to be true given what Neleonele has said. Other than the fact that it sounds like Mark sold off GMC that was not meant to be sold off. And it looks like Nele and Mark are working this issue out between themselves and part of their resolution incudes Mark working on Bitmark code right now, specifically the multi-user wallet that is necessary for many projects.

And then other posts before where Melvin mentions that people are saying that Mark is involved in x amount of additional projects ect. I don't think there has been any evidence of anything other than exactly what Mark has explained has gone on. If there is though and someone wants to post some evidence related to that in the interest of transparency they're more than welcome to. From what I can tell so far everything has been consistent with Mark's explanation of events so far, so I'm pretty skeptical of all the other speculations.

If cryptocurrency is going to be a factor in the financial future of the world then NXT probably has the best chance of breaking a billion dollar cap.

Even if cryptocurrency itself fizzles out then NXT still has a chance at growth since the platform itself adds value, and the currency is just one element of that whole.

Melvin, it sounds like someone might be feeding you misinformation about Mark.

There are many devs and it's open source. Where did you get this idea from?

I don't know about any of the other stuff you said but that's not a fair statement at all. He's done an insane amount of coding and half done isn't really true. Unless you mean their half done in the sense that James' code is all there and now it's more up to others to market the projects and make them all user friendly by creating good UI/UX layers on top of them.