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Someone just bought a very big amount of NAS on poloniex driving the price to 0.00000011!
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I have a quick question. If one were to use the same address/seed on the nxt network and on a fork (some NXT clone) could this in someway be abused? Asking because I recall reading something like this but i can't find it.
Yes! If the fork uses the same address format and protocol (NXTquant and number variables). Just use different passwords for all forks, then you are good! |
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haha. my asset is the only asset where its a great thing for nxt if the price crashes  *edit* wait maybe shortnxt? I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works. it works the same as the silver asset but is like a financial instrument. if NXT/BTC rises, the shortNXT price goes down and vice-versa Cool, So is all the buying/selling of it with the asset maker, or are others trading NXTShort with eachother? thanks. I'll watch the candlesticks and wait for the inevitable retracement and pick up some NXTShort. Asset issuer is placing bid/sells i think once a day. But you have to trust the asset issuer to payout when he says he will. Otherwise this asset is just worthless junk. Be always aware of the counterparty risk and check out the 2nd party (in this case Lophie iirc) Edit: also checkou the payment formula, it is not a linear output!Thats something thats puzzling me, when Nxt doubles/triples from here. Is it logarithmic down to 1 or something? I don't remember it fully but it was something like this: % of NXT/BTC performance is reversed every 24 hours: If NXT gains 10% on a day, than NXTshort will drop 10%. If NXT drops 10% on a day, than NXTshort will rise 10%. This is obviously very flawed, because if NXT gains more than 100% on a certain 24hour period, the price goes subzero? I guess Lophie has his ways of dealing with those situations. Cheers Me thinks, Lophie is going to be a busy boy for a few weeks! Busy and rich... hehe |
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haha. my asset is the only asset where its a great thing for nxt if the price crashes *edit* wait maybe shortnxt? I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works. it works the same as the silver asset but is like a financial instrument. if NXT/BTC rises, the shortNXT price goes down and vice-versa Cool, So is all the buying/selling of it with the asset maker, or are others trading NXTShort with eachother? thanks. I'll watch the candlesticks and wait for the inevitable retracement and pick up some NXTShort. Asset issuer is placing bid/sells i think once a day. But you have to trust the asset issuer to payout when he says he will. Otherwise this asset is just worthless junk. Be always aware of the counterparty risk and check out the 2nd party (in this case Lophie iirc) Edit: also checkou the payment formula, it is not a linear output!Thats something thats puzzling me, when Nxt doubles/triples from here. Is it logarithmic down to 1 or something? I don't remember it fully but it was something like this: % of NXT/BTC performance is reversed every 24 hours: If NXT gains 10% on a day, than NXTshort will drop 10%. If NXT drops 10% on a day, than NXTshort will rise 10%. This is obviously very flawed, because if NXT gains more than 100% on a certain 24hour period, the price goes subzero? I guess Lophie has his ways of dealing with those situations. |
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Does nobody care Qora is not around. He has not been here for i dont no how long!
22 hours and 30 minutes...... Don't get nervous guys... |
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I hear you. I tried to pull my coins off the exchange but the forking issues prevented it. The solution presented here was to wait. I did. Now it looks like I'm out 23M+ QORA.
Do you mean that ziplibrary had to resend an invalid transaction like in most of our cases (we're still waiting) or did you hold off withdrawing completely? I submitted a test withdrawal from ShareXcoin of a small amount which was subsequently "lost". The solution presented here was to wait until the forking issues were resolved. The server went offline *right* after I asked ShareXcoin to resend the test withdrawal. I think that alerted them to my intention to withdraw the entire 23M QORA and they decided to bolt. In the circumstances it was perfectly the right advice. No one and I mean NO One had any idea Sharexcoin was going to bolt with everyone's money. In the end you got to blame yourself for your decisions whatever advice people give, don't seek to blame others. What blame? I just told my story. All facts. yeah, you did nothing wrong! I am gonna wait a few days, then we can organize a mob and go after this fucker! If the bounty is big enough, some cruel things "could" happen with scammers  |
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Qora is now without any exchange? Might be good for now...
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Wow, after reading about how PoS and forging works in NXT, I think POI is a much better idea. I don't have a mountain of NXT so there really isn't much of an incentive for me to leave the server portion running. To me, the more people that contribute to the network the more secure it is (decentralization), and as the currency dilutes, more people will be in the same position. More people will hoard to create stake and that defeats the point of a currencies fluidness. If you want to use the currency as a store of wealth (gold, you don't transact in it, just keep it for stability), fine. But, for a "fiat" to succeed by its' very nature, a lot of people need to want and use it.
Maybe I don't fully understand PoS, but this just doesn't feel all that terrific. Still, better than PoW I think...
Also, on the one hand, I like the idea that perhaps increasing one's node(s) with infrastructure results in a direct benefit (like adding infrastructure to a utility and increasing customer base). If I want to be a big participant I can do it on my own dime for fun and it benefits the network. On the other hand, it seems like it might encourage centralization again if folks wanted to build huge node farms then we are back to ASIC farm dangers again. So it is almost like you need some sort of "difficulty" co-efficient like in mining where the participating nodes have scale to a point and then diminishing returns. I have no idea how you'd enforce that as any method I can think of easily bypassed (by IP? by client ID?, etc.)
Enlighten me if you know better. I'll need to pour over the NEM POI docs.
(This may be offtopic so feel free to ignore) In NXT to don't secure the network when you forge with a small NXT balance, that is why you don't get any rewards. If you run a node with few NXT you "stabilize" the network, but for security purposes you don't add anything. That is the reason why the Balanceforging/Totalbalanceforging blockforgingchance was introduced. This can't be exploited. If the POI can be exploitet is yet to be seen. |
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I wonder what this guys treshhold is. Maybe he runs away when he hits 1 million USD!
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haha. my asset is the only asset where its a great thing for nxt if the price crashes *edit* wait maybe shortnxt? I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works. it works the same as the silver asset but is like a financial instrument. if NXT/BTC rises, the shortNXT price goes down and vice-versa Cool, So is all the buying/selling of it with the asset maker, or are others trading NXTShort with eachother? thanks. I'll watch the candlesticks and wait for the inevitable retracement and pick up some NXTShort. Asset issuer is placing bid/sells i think once a day. But you have to trust the asset issuer to payout when he says he will. Otherwise this asset is just worthless junk. Be always aware of the counterparty risk and check out the 2nd party (in this case Lophie iirc) Edit: also checkou the payment formula, it is not a linear output! |
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haha. my asset is the only asset where its a great thing for nxt if the price crashes *edit* wait maybe shortnxt? I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works. it works the same as the silver asset but is like a financial instrument. if NXT/BTC rises, the shortNXT price goes down and vice-versa |
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How do these issues Keep coming up over and over again. Can't believe I potentially got gox'd .. How could I avoid it? I needed to buy the damn thing...
However I have faith that it's just bad PR and coins are fine...
buy bitcoins - put them in cold storage and wait for a few years. Yep. Well, that's 50% of my crypto strategy. Not gonna give trading advice, but 50% is way to low. >80% is much more reasonable! |
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This should be a zero-sum game. The NXT had to be bought before.
Well, yes and no. If original stakeholders buy those AE tokens, it's not like they had to buy NXTs at market price first. Good point. But I think when talking about a single company, then the influence on the price should be irrelevant. No real company(one that uses NXT AE instead of normal stock exchange) will launch their assets here before NXT hasn't reached a certain marketcap and then you will be able to move funds in and out like BTC market now. |
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MAJOR!!!!!
Nearly all those issues are either resolved or have logical flaws...
Also... we get it, the initial distribution sucked... Guess what, this is changing to the better every day.
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It is actually a weird thing overall. When real firms start using the AE for IPOs and their business in only in Fiat, they kinda hope that the NXT/FIAT price crashes, otherwise their stockprice will always suffer, even if they do good. This will be quite the barrier until price stabilizes!
These firms actually help facilitate the price not go up very quickly by selling off NXTs they raised to fund their operations. This should be a zero-sum game. The NXT had to be bought before. |
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So it hit $0.10. How's that fixed fee working out for you?
I don't see how it's going to the moon when the fees are prohibitively high. Yeah, yeah, I know "they can change the fee". Right, so how's that supposed to work? The devs just lower the fee whenever they feel like it? Is there some consensus, some protocol?
I've never go a straight answer to this. Anyone?
OK here's a straight answer for you: No there is currently no protocol for dynamic fees (which I think would be a great thing for Nxt). But Nxt is developing a voting system within protocol that could be used as an alternative to centralized decisions about fee changes. Anyway this is not a major issue. Thanks. So users will may able to vote for fee changes in the future. At least that's some answer. Now the question is about the incentives of the voters and the economic viability of such a solution. I don't see how this isn't a major issue. The fixed fee puts a cap on the price. If NXT is worth $10, that means each transactions costs $10! Clearly NXT will never reach $10 per coin. In fact, it's probably never going to go much higher than it is now, unless the fee is lowered (somehow). You must not be uptodate! NXT will introduce a variable fee with the next NXT update. That means it will be way cheaper and the fee amount is depending on the size of the transaction. |
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50 BTC transfer too the account of holdings from Block 5035: https://blockchain.info/address/15D8pE36nma31nNz2F3w7N369yT5nbfRER of staggering 77,624.39255612 BTC just push the NeXT button on transfer of 50BTC. As BeeCoin probably isn't my time to explain I see it further too actually tell everything else as interesting, I don't actually offend BeeCoin but it was something around that Coin too probably. It is an early adapter solo mining... What is your problem with that? He didn't earn 73000 BTC in one block, but in 1 year mining BTC... Are you buthurt that one person earned much money with bitcoin and you didn't? |
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haha. my asset is the only asset where its a great thing for nxt if the price crashes *edit* wait maybe shortnxt? if shortNXT is not a scam, then yes that one too. Assets that are good if NXT/BTC crashes: Everythink that is not dependent on NXT price but other price: All BTC gateways All other cointokens All commodities All firms that are denominated in FIAT All passthroughs its just weird looking at the price of my asset crash and going  hehe, yeah It is actually a weird thing overall. When real firms start using the AE for IPOs and their business in only in Fiat, they kinda hope that the NXT/FIAT price crashes, otherwise their stockprice will always suffer, even if they do good. This will be quite the barrier until price stabilizes! |
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haha. my asset is the only asset where its a great thing for nxt if the price crashes *edit* wait maybe shortnxt? if shortNXT is not a scam, then yes that one too. Assets that are good if NXT/BTC crashes: Everythink that is not dependent on NXT price but other price: All BTC gateways All other cointokens All commodities All firms that are denominated in FIAT All passthroughs |
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