BTER.com
DGEX.com
btc38.com
One more - any suggestions? Or reasons not to include any of the above?
The first 2 only, the third one just started with NXT, it's not proven to be reliable yet, specifically for NXT it may have deposit/withdrawal issues, and it takes time to prove it functions ok. Be sure to underline that DGEX features manual withdrawals so people don't freak out if they don't receive them immediately. Thanks. That's a shame. I'd like to give people some options. Unfortunately BTER is the only exchange as far as I know that runs really smoothly for NXT - and even then I've seen the odd complaint. |
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I'm helping put together a short "Getting Started with NXT" film. Obviously getting some NXT is pretty key to this. As well as the NXTRA faucet, I want to provide a list of reliable exchanges - bear in mind this will be many people's first experience of NXT, and if it's a bad one they won't come back. Additionally, if we omit certain exchanges (cough, Cryptsy, cough) from the film we can tell them we'll include them when they get their act together.
I'm looking for the 3 or 4 best exchanges. So far I'm thinking of including:
BTER.com
DGEX.com
btc38.com
One more - any suggestions? Or reasons not to include any of the above?
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From the NXT wiki: Note: Until you send some Nxt from your account, it will be protected only by 64-bit entropy. As soon as one outgoing transaction is made your account will receive a public key and it will be protected by 256-bit entropy, much more secure. As a result, we recommend issuing a transaction (by sending Nxt, registering an alias, or sending a message) as soon as possible after Nxt is deposited into your account for the first time. So my understanding is that because passphrases are 256-bit but the IDs that they map to are 64-bit, there are more possible combinations of passphrases than IDs, and so multiple passphrases will map to a single ID. By broadcasting a transaction to the network, this somehow registers your passphrase as the owner of that particular ID and nobody else can use it from that point on. My question is this: Is there any particular reason why they chose to make IDs 64-bit but passphrases 256-bit? Why not just make IDs 256-bit in order to bypass this step and keep all accounts secure from the very beginning? My understanding is it's exactly that. Long passphrase, short addresses = possibility of collisions. Sending a transaction registers your public key, not your private key, with the network. This means no one who inputs a private key that happens to map to your address can use your account. I imagine addresses are short for convenience. There's no need to have a long address. And private keys can be any length. |
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monkey says down a bit now, intraday. still looking for daily gains through late next week.
in case you care: monkey thinks the s&p is very, very toppy here on a daily basis (monkey starts to buy vol over the next 2 weeks, makes diagonal puts with weekly options) and yet wants to buy USDJPY later today for a Monday reversal. monkey is contrarian on TSYs and wants to buy some now, some more in a few days, to sell late next week or early the following week.
Ah, a while back I recall monkey discussing (in monkey language, but I believe this was the gist of it) the possibility of a summer stock market fall/incoming recession. |
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@cassius
im going to look into how much can be exported from america and imported to ireland, and the amounts that can be sold for cash with in a certain period of time. i think that may be more viable than trying to stay under bank limits and it solves other issues too.
ps. im 22 and only a have a GF who doesnt care about the money so think im good on the x-wife side of things haha
Ha! There aren't that many reasons other than tax, child maintenance payments and partners with access to joint bank accounts for keeping big payments secret (that I can think of right now, anyway). I just couldn't resist the shot in the dark.  Illegal purchases? Though given that the (US) govt will start poking around transactions >$10,000 (including "structured" ones), probably best to assume a defensive strategy in any case. Yes, though of what? If you're using bitcoins in the first place then there are far fewer things you'd want to pay for with cash. |
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What i miss? Oh we're still at 666 ok going back to sleep
I prefer to think of it as "the 665-667 range". We're currently at "Neighbour of the Beast". No - surely the neighbour of the Beast is 668, or 664. For what it's worth, we were at 664 at the time! |
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@cassius
im going to look into how much can be exported from america and imported to ireland, and the amounts that can be sold for cash with in a certain period of time. i think that may be more viable than trying to stay under bank limits and it solves other issues too.
ps. im 22 and only a have a GF who doesnt care about the money so think im good on the x-wife side of things haha
Ha! There aren't that many reasons other than tax, child maintenance payments and partners with access to joint bank accounts for keeping big payments secret (that I can think of right now, anyway). I just couldn't resist the shot in the dark. |
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Anyone could sum up to me the recent prise rise's reasons? Something new happened recently?
Just a perfect storm brewing. And it was a first gush of wind, nothing particularly interesting, same old, like any perfect storm  Perfect storm is actually a pretty good way of putting it. I don't know details but I think it could be summarised something like "Step change in awareness, usability and availability very soon, plus the normal crypto speculation pump that happens when any market moves unexpectedly." |
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when you guys cash out big bucks.. do ye pay the capital gains or what? im wonderin how to get around that lol
in the u.s., hold everything in a roth vehicle. requires foresight. Looks like he's in the UK (hello...) As far as I can tell, you're taxed on income at the exchange rate at the time of earning. Then if your bitcoins appreciate and you cash out, you are liable for capital gains on them, minus the £10k allowance of course. There may will of course be ways around this for the tax savvy. I just haven't needed to find out yet. ireland actually.. its really a grey area here.. no official statement has been released as to how to handle the tax on cryptos.. and also.. it they state bitcoin and not cryptocurrencies.. would that not be a loop hole so i can sach out to euro from another crypto? That is a very interesting point. NXT is about to get a fiat exchange and that raises possibilities for me... I suspect they'd take a dim view and I vaguely recall "bitcoin and bitcoin-like" language, but you might be onto something. But if there's no regulation for Ireland then I guess you might get away with it. I'd still be inclined to put the relevant percentage in a safe interest-paying asset, in case they come knocking retrospectively. ya i was thinking that.. i was also thinking buy silver off asset exchange, get it shipped to my house(its an option provided by the issuer of silver tokens) and bring it to a bullion to sell. but would they sell it for cash? i preferably dont want it going into my bank..(reasons other than tax) Interesting idea. I suspect that unless you're dealing with large amounts of money (which brings problems of its own) you'd lose a lot at various points for shipping/insurance and spread, both ends. But yes, I don't see why that would be a problem - again, small amounts you could sell for cash. Of course, if your ex-wife found out, I expect she'd be even more angry than the Inland Revenue. |
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when you guys cash out big bucks.. do ye pay the capital gains or what? im wonderin how to get around that lol
in the u.s., hold everything in a roth vehicle. requires foresight. Looks like he's in the UK (hello...) As far as I can tell, you're taxed on income at the exchange rate at the time of earning. Then if your bitcoins appreciate and you cash out, you are liable for capital gains on them, minus the £10k allowance of course. There may will of course be ways around this for the tax savvy. I just haven't needed to find out yet. ireland actually.. its really a grey area here.. no official statement has been released as to how to handle the tax on cryptos.. and also.. it they state bitcoin and not cryptocurrencies.. would that not be a loop hole so i can sach out to euro from another crypto? That is a very interesting point. NXT is about to get a fiat exchange and that raises possibilities for me... I suspect they'd take a dim view and I vaguely recall "bitcoin and bitcoin-like" language, but you might be onto something. But if there's no regulation for Ireland then I guess you might get away with it. I'd still be inclined to put the relevant percentage in a safe interest-paying asset, in case they come knocking retrospectively. |
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What i miss? Oh we're still at 666 ok going back to sleep
I prefer to think of it as "the 665-667 range". We're currently at "Neighbour of the Beast". |
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when you guys cash out big bucks.. do ye pay the capital gains or what? im wonderin how to get around that lol
in the u.s., hold everything in a roth vehicle. requires foresight. Looks like he's in the UK (hello...) As far as I can tell, you're taxed on income at the exchange rate at the time of earning. Then if your bitcoins appreciate and you cash out, you are liable for capital gains on them, minus the £10k allowance of course. There may will of course be ways around this for the tax savvy. I just haven't needed to find out yet. |
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Bitcoin will implement all of the NXT features in the future
On the flip side, Nxt is planning to have it's marketcap completely manipulated and then 10% of it's total supply stolen by Mark Karpeles at some point. I assume you mean "NOT" planning that? Q: What is irony? A: A nail. A2: See Karpeles quote. |
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Can LTC/BTC be exchanged on the NXT client or will that ever come
Soon. Multigateway is on the way. Actually, NHZ already trades on the Asset Exchange, so it's possible for other crypto. |
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whos going to want to say NXTquant. From a consumer standpoint that doesn't sound good at all. The unit names matter a lot. NXT doest even use Blockchain technology
Neither does "dollarcent" or "sterlingpence". I imagine that's why we don't say them. |
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I've noticed a curious duality in your posts recently. Where has magic monkey gone? Whilst I appreciate your own ideas I mourn his loss (though I have to wonder about his relationship with the painkillers you were taking).
I have run out of painkillers, which is making me grumpy. I am rather annoyed with the monkey as well. If I report his cogitations (which are always indecisive until he calls a turn) I risk my own reputation. Oh well, I am pseudonymous for a reason: Monkey says 625 on the 10pm bar was a low. (He decided that at midnight, two hours later, with the price at 638.50.) Monkey likes the upside for at least 4 more hours, considers 656 likely resistance. EDIT: Monkey changed his mind and thinks its going down for 5 hours now. On a daily basis, monkey is expecting to stay biased long until next Tuesday. He first started to like the upside on the 16th, which was a pretty good call, methinks. He had thought the 29th might turn south, but he was (a) wrong and (b) hedging. On a weekly basis, the last time monkey gave up on his longs was the week of the 13th of December, 2013. He failed to call that top out clearly, although he was on the verge of doing so. He decided he liked the long side again the week of the 23rd of May, 2014, and is presently expecting to stay long for at least a month and a half. Disclaimer: The monkey swills expensive single malts constantly. Invest accordingly (i.e., in distillers). Monkey is a fuzzy reasoner.  Sorry for my ignorance but what the fuck are you guys calling magic monkey? Is it a price prediction model? Sigh. Evolutionary psychology 101: Your brain is broadly divided into 3 parts. The oldest of these is the archaiopallium, which deals with the most fundamental instincts - the four "F"s (fight, flight, feeding and mating). This area of the brain is sometimes known as the reptile brain, as it's all that reptiles have, or popularly your "Chimp" (though this term can also include the limbic system). It roughly corresponds to what Freud called the 'id'. In Aminorex's case, these instinctive functions also include financial modelling. Most of the time the id is tempered by the superego, which deals with internalised concepts of morality, and mediated by the ego. However, when the "higher" functions are dulled through use of painkillers or expensive single malt, the chimp or monkey brain wins through. (It's why people fight and have sex a lot when they're drunk.) What you are seeing in these instances is Aminorex's monkey: pure, instinctive, unmediated financial analysis, unfettered by social convention. Ignore it at your peril. |
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thanks for that...however BTC can be divided into 100million units. If you multiply that by the entire supply it comes out to something like a quadrillion coins. or satoshis or w.e. so youre telling me there isn't enough BTC for retail? Not to mention a NXT coin cant be subdivided as far as I know
This really isn't an issue as I see it. Both can be subdivided to 8 decimal places, and it could be more if the protocol was changed. I also think there's more than enough room for 2 cryptos, or more. Adoption is tiny at the moment. The big fight is not between Bitcoin and NXT, or Bitcoin and LTC. It's crypto vs fiat. NXT is well positioned to help with that, since the AE and multigateway can be used for decentralised crypto trading (AE already is). |
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Hello all...I am thinking of throwing some serious $$$ at NXT. Not really sure about it right now. I am not clear as to weather NXT will be able to co-exist with Bitcoin or is it a direct competitor? I also need to know if BTC and other cryptos can be traded through NXT. What are everyones views on the future? Do you see NXT over taking Bitcoin or bitcoin serving as a digital "gold" ....also I have a NXT wallet and it says im not secure unless I buy some NXT and send some out to someone? I am very confused about this as well..
My advice would be to take a good look around the client and the forums and see what NXT is capable of, now and in the near future. Other people will be better placed to give you tech detail, but prepare to be impressed. The other issue is simple: get a few NXT from a faucet, and make one outgoing transaction (register an Alias, send a NXT back to the faucet or any other address, etc). That will register your public key with the network and make your account far more secure. Not that it's very insecure now, but it will be rock-solid secure that way. |
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eh, that just made no sense at all. You started off by saying you know LTC will bounce back and then in the next answer said it was grossly over valued and provides no additional value  which one is it?! Why such difficulty with the concept of time? It is a partial order of states, each related to the previous, in which the local states of successors deviate from the local states of predecessors in degrees bounded by the uncertainty of the fine-structure. LTC is oversold, thus it will go up on a short time frame. LTC adds no fundamental value, thus it will go down on a long time frame. I've noticed a curious duality in your posts recently. Where has magic monkey gone? Whilst I appreciate your own ideas I mourn his loss (though I have to wonder about his relationship with the painkillers you were taking). |
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Looks like it's about to dive Nxt never dives after a bubble pop. It just keeps slowly dwindling down to nothing, keeping the Nxt nutters hopes alive. It's all a game being played by the (70-ish?) number of founders initially granted all the premined Nxt, just to keep things going. They sell some for btc or give it away, buy it back to create bubble mania, then slowly sell it off for btc again. Not only have they made a shit ton of btc (and thus money) with their pump and dumps, but have probably managed to increase their original Nxt holdings astronomically as well, further skewing the overall distribution. |
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