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NXT sitting pretty at number 4. Any predictions for when it passes Peercoin to grab the number 3 spot?
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NXT has creeped up into the top 5 cryptos and is only just starting to get attention. Look at these points for NXT:
1. No mining required -100% proof of stake (this beats PeerCoin's main advantage). No wasted mining power
2. Faster transaction times than Bitcoin or Litecoin
3. Alias system (beats Namecoin's unique selling point).
4. Ridiculous number of cool features coming in the next month - peer to peer decentralised exchange, marketplace, anonymous messaging system, voting system
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0.4.4 seems to solve my problems!
Yeah, CfB delivers! We get new features and settings as promised! Actually, I think it's coz we added more nodes. Looks like we dodged a bullet there. This was like a stresstest and we beat it =) Gj us all! +1. I'm liking a lot how the community rallied back from the attack stronger than ever. |
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Ok NXT market cap formula is 999,997,986 X $ 0.037 = $ 36,968,943
Using this formula the moment it hits $1 you will effectively rank it higher then Litecoin on market cap.
Do you honestly not see a problem with formula used in this particular case?
There is no problem with the formula, you clearly do not understand what market cap is supposed to show. Any of the founders who hold a large amount of coins can sell them whenever they want. If their coins become worth $10 million and they only want to sell 1000NXT that is up to them. Market cap reflects the overall market consensus of the value of the coin based on who sells and who buys. What about Satoshi who mined almost 1 million bitcoins? Or the Litecoin addresses that hold hundreds of thousands of Litecoin and haven't had any activity in them for a year etc. According to your own argument that would also make market cap invalid  |
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Working on node infrastructure with a full redesign of nxtbase to support 100+. I won't open source my new management stuff for a bit, but here's a handy one for you VPSers running ubuntu. $ sudo apt-get install --yes supervisor
$ sudo service supervisor restart
Then copy file like this to /etc/supervisor/conf.d/nrs.conf: [program:nrs]
command=java -Xms$MIN -Xmx$MAX -jar start.jar
autostart=true
autorestart=true
stderr_logfile=/home/$USER/nxt/logs/stderr.log
stdout_logfile=/home/$USER/nxt/logs/stdout.log
user=$USER
directory=/home/$USER/nxt
Replace $MIN and $MAX with your memory limits. Replace $USER with your user. The run: $ sudo supervisorctl reread
$ sudo supervisorctl update
$ sudo supervisorctl status
Now, what do you get for your efforts? Restart on crash Restart on reboot handy commands for start/stop/restart/status ( sudo supervisorctl CMD nrs). Cool huh? Nice tips. Thanks. |
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in terms of mining, its still way to early to worry about it. there are very little paid transactions going out. I have 250k and have tried to be open for the past two weeks, but I have mined 2 blocks and earned 1nxt Is anyone else having more luck? To explain further, the NXT you earn from forging comes from transactions. The more transactions there are on the network the more NXT available for forgers to potentially grab. Right now since it's a very new project the transaction volume is low. As network transaction volume increases forging will become more lucrative. That is my understanding of it |
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Well done adding NXT back.
Do we have an official statement why it has appeared and disappeared several times? I assumed it was simply problems with the NXT client or blockchain.
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It depends on your NXT holdings. The more you have the more you earn. It's making rich richer. No joke.
That's the exactly the same for any investment that pays interest. The more you have invested, the more you receive. |
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Give us time to mature, plz.
Well thanks for at least being a bit more mature in your response. Maybe I am not your "die hard" supporter but I do think I represent many that are looking at NXT and I think what we'd mostly like to see is software that finds blocks. So... do you actually believe what you have been doing all day is mature? I am done responding to your posts until you come to your senses. +1. CIYAM needs to stop cluttering up this thread with his trolling posts. We get it, you don't like NXT. |
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And comparing it to Bitcoin's beta is so retarded. Have you not noticed that crypto currencies have gathered a tiny bit more attention from the world since then? It's no coincidence that NXT's rival emunie is following similar development principles.
Which development principles do Nxt and eMunie share? eMunie is in closed beta while the developer fixes issues. Meanwhile, Nxt rushes to sell coins to the public before it's stable while using the excuse that its still in beta when they have technical problems. I don't see how the approaches could be more different. Both closed source to some degree, will be fully open sourced later. |
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"I did not have the patience to participate (or at least follow) the NXT development efforts for 24 hours."
Yeah - very funny - I have already invested BTC into this and I think my concern is pretty valid. You think it is fine that just 1 guy controls NXT? It was promoted as a "decentralized" crypto-currency - even Bitcoin was *exactly* that in its very first beta version. If you don't like it why did you invest? Did you not spend 5 minutes reading before throwing money into it? And comparing it to Bitcoin's beta is so retarded. Have you not noticed that crypto currencies have gathered a tiny bit more attention from the world since then? It's no coincidence that NXT's rival emunie is following similar development principles. |
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so, can i leave my client opened? will it be ready to re-sync when this shit will be over?
Yes. Is this a problem money can solve? Because some of the founders are really rich now... would make sense for them to protect their investment by running a load of nodes? Or am I looking at this wrong. |
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5. If all coins are in existence already then doesn't this make the original holders of NXT very wealthy? And what reason would they have for giving away their NXT? They obviously would want to keep a LARGE amount of it for themselves.
I've been buying millions of NXT for the last couple of weeks no problem. That said, even now after 5 years, half of all bitcoins are owned by about 900 people (assuming each address is owned by a different person, could be even less than 900). |
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Nice FUD topic from a new member with no credibility
:thumbs up:
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NXT up 80% since I made this topic Does 100% PoS really beat Peercoins main advantage? The whole point of PoS is that every coin that has it will eventually have PoS take over anyway, and there's something to be said about having miners able to participate but not dominate. I'm sure there's a reason Sunny King didn't make PPC 100% PoS.
PoW provides a neat way to distribute the coins out via mining. That's the one weak point of NXT - all the coins have been made. |
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What is fueling its rise? It's a innovative coin That sums it up nicely. 1. No mining required -100% proof of stake (this beats PeerCoin's main advantage). No wasted mining power 2. Faster transaction times than Bitcoin or Litecoin 3. Alias system (beats Namecoin's unique selling point). 4. Ridiculous number of cool features coming in the next month - peer to peer decentralised exchange, marketplace, anonymous messaging system, voting system |
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NXT just positively destroyed Namecoin  . Market cap: 40 Million ish. Very nice! NXT has all of Namecoin's features + a boatload of others so I knew that would happen soon |
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It's not going to stop at number 5. It's going to number 2 within the next few months. And eventually number 1.
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See it for yourself right now at: http://coinmarketcap.com/ Notice how unlike the other cryptocurrency graphs, NXT shows no correlation as all to their movement. It's independent. This is because it's not a Bitcoin clone but based on a new code set built from the ground up with new features. I am cheerleading this one hard because I see nothing but wins when I look at NXT's features: 1. No mining required -100% proof of stake (this beats PeerCoin's main advantage). No wasted mining power 2. Faster transaction times than Bitcoin or Litecoin 3. Alias system (beats Namecoin's unique selling point). 4. Ridiculous number of cool features coming in the next month - peer to peer decentralised exchange, marketplace, anonymous messaging system, voting systemLots of active development going on - see more at the thriving community at https://nextcoin.orgWhere can you buy these miracle coins? At dgex.com Less than 3000 NXT addresses have been created since launch in total, the price has risen this high on the buying power at a single new exchange, dgex.com... don't miss the boat. |
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just wait till the first BTC flaw is exposed. myybe a mining pool gets too big. or whatever. things will get REALLY interesting then
There was a post on the bitcoin reddit today about GHash.io purposefully executing double spends... |
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