Yes, you have to pay if you want it fast.

There is an initiative to screen companies listing their stock at NXT AE, sort of rating agency, so hopefully soon investors will have a way to assess what's decent and what's an obvious scam. Actually you don't need a rating agency for that in many cases, as some of the listings are really stupid or asking for too much money, and can be filtered out without further checks. But if someone professionally does that for NXT investors, that's even better, and it'll happen soon. Probably more than one rating services will function, as they also can be biased and must compete with each other. No competition = monopoly = bad results.

We must remember it's all bleeding-edge technology, there has never been anything like that before in the universe, thus, mistakes will be made, but if NXT is a really good idea, it will recover from the mistakes. We shall find out soon enough.

I was just in the process of advising a client a crypto payment processor for his music store, well, now I know exactly which payment processor to recommend

NXT + GoCoin. Nice.

NXT presented @ PayExpo in London:

https://storify.com/owsrox/nxt-payexpo-london-june-11-12-2014-day-1

An interesting pic from the nxtforum:



source: http://nextblocks.info/#section/blockexplorer_charts


compare to Bitcoin:

https://blockchain.info/en/pools?timespan=24hrs

All Andreas did was mention in this video the possibility of someone pulling off this attack for profit and why this is not feasible. That aspect is obvious and needs no clarification.

He didn't say anything of the possibility if a bad actor's intention was to destroy Bitcoin, but exactly that would be the real reason for a 51%-attack and it costs only a small fraction of money world banks have. Nipping the competitor in the bud and laughing how cheap and easy it is - that's where the real danger lies.

47% at this moment:

https://blockchain.info/en/pools?timespan=24hrs

oh hello, El Dude, did you dump your Litecoins yet? I am sure you did

No more 0.0171 buy wall.

PoW cannot turn to PoS easily.

Because all these miners won't accept the new release of the software and the network will continue to operate as PoW. And why should they accept the changes? They invested thousands or even millions of dollars into ASICs and all the infrastructure, and now the dev wants it to go to PoS? F*ck the dev, they'll be using the old version of the software and because they are the majority of the full nodes, they will form the longest chain and the network will adhere to their rules. So Bitcoin can't switch to PoS, that's for sure. As for others - hard to tell, Litecoin probably can't switch to PoS at this point either and it won't. Smaller ones could, but would lose all the miners and quickly die due to very low adoption rates.

I am sorry, if this may sound rude, but you should get out from under your rock more often and educate yourself, but not with myths touted by Bitcoin early adopters with miners mentality. However, I am still not sure whether open-mindedness is a natural gift or something that a human can develop over the course of life, I forgot how I got mine.

Yes, there is.
Certainly better. And so much cheaper, which in investors' minds translates to undervalued. A seasoned investor like a hungry wolf is looking for undervalued technologies.

Here is what a seasoned investor thinks like:

There is a technology A and technology B.

Technology A is limited to 1-2 functions.
Technology B can perform 4-5 functions including those Technology A can do and promises to deliver even more in the near future.

Technology A is 100x more expensive to invest in than Technology B.

The choice is obvious. There is a contrarian approach in investing - investing in what masses don't invest in. Investing in Bitcoin was contrarian investing in 2011-2013. But it's now got to the point where investing into Bitcoin is no longer contrarian investing. It's become mainstream for private investors who are technologically savvy, they are looking for more advanced and undervalued technologies.

Bitcoin is Technology A.
NXT is Technology B.

Technologically unsavvy investors will either: a) never invest into cryptos (which is most likely) or b) skip right to Technology B or C, should Technology C appear on the horizon.

Bitcoin is way overpriced for what it can do. There are better and cheaper technologies.

I believe that 0.0171 buy wall at btc-e will cave in this week. They've been attacking it last week, and half of that buy wall is gone by now. When it's all gone, it's a free fall to 0.01.

The chikun was good in November, but it can't fly with its head chopped off, I am afraid

Hybrids are ok for now, but why not skip and go right to where hybrids will end in a couple of years - PoS.

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.

Only the last 100 years, and just look at the mess the world is in! Yeah, you may be still alive, slavery is a form of life too.

When all the mining power becomes concentrated in 2-3 large mining corporations, which is inevitable given how the process unfolds, how is this different from centralized money printing by central banks? PoW will last another year or two before that happens. When only 2-3 large corporations control processing of all transactions, they will be regulated and dependant on regulators' decisions and rules, and this becomes the same as any fiat currency, except this currency is produced by solving blocks, but it will be far from the idea of decentralization that crypto currency came up with.

that's what I thought.