People try to do analysis using past figures all the time, you're free to do it. Only future will show if an analysis had anything to do with reality. Often it doesn't.

No, I am not a dev at NXT.
NXT could not be considered stable before AE release, it's much more stable now, and will get more stable in 1.3.xx when some code will be reworked. It's still beta quality, just like most software it should get better with time.

30 mins is to upgrade NXT 2-3 times a month as new releases (bugfixing or new features) come out. Of course, in the future, new releases will not come out that often, it's still in beta stage, so you should understand it's all beta-testing going on now, that's why have to spend time on it, just like beta testers work on BitShares. The difference is BitShares delays releasing to live net, is that good or not, opinions can differ. In any case, the main point of running a node is to forge on it and support the network. You gain not from forging mostly, but from being invested in NXT and assets on the exchange and price appreciation, so if someone's looking to profit from forging, they should re-think their strategy.

Here is a link to see distribution of forgers:
https://nxtblocks.info/#section/blockexplorer_charts
When you check the blockchain, the 'Others' that make 41% constitute more than 300 accounts, so there are 300+ accounts in NXT network that successfully produce blocks. We'll have to see how this changes in the future.

A block with the highest cumulative difficulty wins, not sure what you mean by 'rewrite the wallet'. For more info and specific questions you should better visit nxtforum.org and ask experts.
Here is a whitepaper on NXT:
https://dl.dropboxusercontent.com/u/2948110/Nxt/NxtWhitepaper_v122_rev4.pdf
someone's still working on it, so it's far from complete.

We can generalize that statement as "Demand for Bitcoin exceeds/exceeded supply of newly mined Bitcoins, it can/could be considered as deflationary".

Technically it's not, but it all comes down to demand and supply, which one is greater at a given moment of time. Price stablity means they are about equal.

With Overstock, Newegg, Tigerdirect coming on board there is more engagement in trading bitcoins for goods and services, which adds to the circulating supply of Bitcoins on the market.

In NXT:
a) can lease for 32767 maximum blocks (not sure if that limit can or will be changed in the future).
b) yes, it's a separate type of tx with a fee.
c) It can't be revoked before lease expires (again, this could be changed in future releases as this feature becomes more advanced).
d) the accepting account can't lease lessor's forging power to others, they can only lease their own NXT balance to others.

I hope you did tell your classmates there are a few promising altcoins which are still cheap and which can dethrone Bitcoin. I guess you didn't. They will blame you later that you didn't, be sure of that.

I have 2 questions/points:

1) There has been zero commits to the source code since May. Other CN coins are fixing bugs, Fantomcoin isn't applying those patches, are there no bugs in Fantomcoin? I would think since it forked off the same source code, the same bugs would apply.

2) Bitcoinbear needs to seriously think about setting up a Fantomcoin gateway on NXT Asset Exchange, this will give a marketing edge to the coin (the first CN coin to get there) and now that it started disappearing from centralized exchanges, NXT AE may end up to be the only exchange for it very soon.

Yeah, a lot of myths and misconceptions are touted around. People believe what they like to believe, but reality sets in, sooner or later.

Open-mindedness withers away with vested interest and, I guess, age, although Bitcoin hasn't been around that long yet to talk about age. Scepticism for cryptos 2.0 is the same as for Bitcoin in 2010-2011, history repeating. Overall, scepticism is good, but if it's all you have and if you don't follow innovations in cryptos, this scepticism will come and bite you in the arse

Well, if he was mining with his GPU in between game sessions or even CPU in early days, he obviously didn't have to invest anything extra. Most people didn't do that, that's why for most people all this talk whether it's PoW or PoS doesn't matter, it all comes down to what useful features the coin can offer. And it's safe to say that the race to useful features has just begun this year and we haven't seen nothing yet. In 12 months the crypto landscape will change a lot.

When is the next NEM release with bugfixes?

Let's hope you're not too optimistic with your assessments

@FandangledGizmo,

I understand all this, moreover, I believe myself that bail-ins (a la Cyprus style) will spur another big rush to cryptos, but I don't see how it can be trillion dollar markets. This kind of money is controlled by hedge funds, which are highly regulated. If they are not allowed to invest into cryptos, which they won't be allowed (just look at the EU provisions issued a few days ago), it means the general public is not invested in cryptos, the general public has to invest their pension savings into crappy bonds and stocks thru pension and hedge funds. Individually, investors can go to cryptos, but that's not trillion dollar markets.

@clout,

I may underestimate a bit. But you overestimate cryptos too much
$10 bln->$100 bln in the next 5 years is still exponential, but even 100 tx/sec will be an overkill for that.

Why do you think it will be trillion dollar markets? Trillion dollar markets means institutional investors are going to enter those. I don't see institutional investors enter unregulated exchanges. Exchanges are either regulated or not. If it's the former - it's centralized, then what's the difference with regular centralized stock exchanges? If it's the latter, then institutional investors won't touch it with a ten-foot pole.

$100 bln. combined marketcap in 5 years is a realistic number in my opinion, but that means the combined tx/sec capacity required will be no more than 100 (and that's for all cryptos combined). I fail to see how trillion dollars can pour into unregulated exchanges. Unless, like I said above, hyperinflation takes place and fiat depreciates hundreds of percentage points per year. But in that case, people will rather go to barter than to crypto currencies.

@clout,

I see your point, but it's not about how much the network will be able to handle, it's about how much it will need to handle. I don't see the need for 10000 txs/sec, those numbers cannot be achieved without centralization, that's true. But I don't see such wide adoption of cryptos in the future that would necessitate these numbers. Visa and Mastercard are not going anywhere.

Basically, getting to $10 bln combined marketcap for all cryptos took 5 years, getting to $100 bln combined marketcap will take another 5 years, unless, of course hyperinflation makes all those $$$ fiat numbers irrelevant. This means that there is no need to artificially centralize design to achieve a very high tx/sec capacity, if that capacity is not going to be used even at 5%, while the centralization may seem unfavorable to many investors.

I'll take beaver skins any day.

Outstanding shit collection!

NXT is the only one that is worth considering. Others are either too limited (only come with one extra feature above Bitcoin) or in early alpha. NXT is stable enough and adds a new feature every 2 months.
https://nxtforum.org for more info.

Why?

Buy 51% of coins, yeah right, a clear case of completely flunking math at school.

Where do we start?

NXT, NEM