Nodecoin is not a clear cut issue. It seems more want to see where this goes than not. James, release the hounds. I hope you make a lot of money on it.
As far as I know James does not care much about money. He's got a nice IRL income... he doesn't really require more than that. He has enough to comfortably use his brain. I have no RL income, all my income comes from crypto. I am currently working on a three month contract funded by neer.g for $2000 USD/month paid in NXT. Based on the number of hours I work, it is about minimum wage, but that is all I need to cover RL expenses. If my performance is insufficient (or I inadvertently destroy NXT) I dont imagine my contract will be renewed after May 12th My charter is to do the community's will, so when the community is divided, I need to figure out what to do instead of coding. I am in the curious position of having authority over millions of NXT, but since there was nobody who would sign up to do the bounties fulltime, I decided it was best if I just implemented what I saw best for NXT. Due to conflict of interest concerns, I cant authorize payments to myself for my dev work, not that I have actually formally released anything yet. James P.S. There have been some kind donations to me personally, but I think so far it is less than 2000 NXT total. 1M NXT for zerocoin implementation Yes, that is the budget for NXTcash operating expenses, but the NXTcash completion bonus fund http://87.230.14.1/nxt/nxt.cgi?action=100 has 33,000 NXT in it. I am assuming I cant pay myself anything from the NXTcash operating budget, so it falls into the same category as the NXTcommunityfunds (other than neer.g's setaside for me) James Why? This was supposed to cover whatever expense you might need to, including salaries for everyone involved, including you (at least part of them)! The completion bonus fund should be higher but I don't see why not to cover your manhours (and others) from my donations. Can we have a clear picture on the status of my donation? Where they have been spent? How? We need transparency in this I think.. They seem intact - why don't you pay yourself & others, you are investing your time in this?!? |
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Nodecoin is not a clear cut issue. It seems more want to see where this goes than not. James, release the hounds. I hope you make a lot of money on it.
As far as I know James does not care much about money. He's got a nice IRL income... he doesn't really require more than that. He has enough to comfortably use his brain. I have no RL income, all my income comes from crypto. I am currently working on a three month contract funded by neer.g for $2000 USD/month paid in NXT. Based on the number of hours I work, it is about minimum wage, but that is all I need to cover RL expenses. If my performance is insufficient (or I inadvertently destroy NXT) I dont imagine my contract will be renewed after May 12th My charter is to do the community's will, so when the community is divided, I need to figure out what to do instead of coding. I am in the curious position of having authority over millions of NXT, but since there was nobody who would sign up to do the bounties fulltime, I decided it was best if I just implemented what I saw best for NXT. Due to conflict of interest concerns, I cant authorize payments to myself for my dev work, not that I have actually formally released anything yet. James P.S. There have been some kind donations to me personally, but I think so far it is less than 2000 NXT total. 1M NXT for zerocoin implementation Yes, that is the budget for NXTcash operating expenses, but the NXTcash completion bonus fund http://87.230.14.1/nxt/nxt.cgi?action=100 has 33,000 NXT in it. I am assuming I cant pay myself anything from the NXTcash operating budget, so it falls into the same category as the NXTcommunityfunds (other than neer.g's setaside for me) James Why? This was supposed to cover whatever expense you might need to, including salaries for everyone involved, including you (at least part of them)! The completion bonus fund should be higher but I don't see why not to cover your manhours (and others) from my donations. Can we have a clear picture on the status of my donation? Where they have been spent? How? We need transparency in this I think.. |
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Nodecoin is not a clear cut issue. It seems more want to see where this goes than not. James, release the hounds. I hope you make a lot of money on it.
As far as I know James does not care much about money. He's got a nice IRL income... he doesn't really require more than that. He has enough to comfortably use his brain. I have no RL income, all my income comes from crypto. I am currently working on a three month contract funded by neer.g for $2000 USD/month paid in NXT. Based on the number of hours I work, it is about minimum wage, but that is all I need to cover RL expenses. If my performance is insufficient (or I inadvertently destroy NXT) I dont imagine my contract will be renewed after May 12th My charter is to do the community's will, so when the community is divided, I need to figure out what to do instead of coding. I am in the curious position of having authority over millions of NXT, but since there was nobody who would sign up to do the bounties fulltime, I decided it was best if I just implemented what I saw best for NXT. Due to conflict of interest concerns, I cant authorize payments to myself for my dev work, not that I have actually formally released anything yet. James P.S. There have been some kind donations to me personally, but I think so far it is less than 2000 NXT total. 1M NXT for zerocoin implementation |
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I wish Cunicula was here.
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Nodecoins are a cancer - time will tell if I am right or wrong...
Cancer? Why? Nxt is meant to have coins built on top of it. There are coins made by using the AM feature (see CfB's abandoned effort), parallel chain coins and nodecoin. Nodecoin is parasitic IMO.. |
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Nodecoins are a cancer - time will tell if I am right or wrong...
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powers-that-be
Was not aware that this guy ended in prison for some time, wow... |
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This Armstrong is probably the most intelligent person alive in the western world. For refusing to join the PTB, he was put to prison for 12 years in his advanced age.
What is PTB? |
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Then why don't you write your code in assembly? Or binary?...
I do, coz it works without an operating system, on bare metal. You do because you are bored to learn & code OOP |
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Is anything on NXT unit tested? EVER?
Dunno. Unit tests r not a panacea, more likely a modern trend between people who used to code for outsourcing. Good thing for u is that Jean-Luc decides how to test, not me. Then why don't you write your code in assembly? Or binary?... So Jean Luc, is the code Unit Tested? |
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Will it be Unit Tested?
It's a new feature. Unit tests r not so good at testing of new features. So, I think not. Is anything on NXT unit tested? EVER? |
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pufff look at this massive sell at Bter.com...... Price at 0.0005  Big stakeholder moved 1.2 million to bter. Good. I'd like to see his face after he sells this chunk and we announce the launch of the new feature.  Will it be Unit Tested? |
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We shouldn't be looking at Nodecoins as a buy and sell commodity. We should be looking at Nodecoins as a Nxt Utility coin. For example. If you want to use the DAC, you have to send 10 Nodecoins to retrieve Doge address, then you can transfer Doge to DAC. If you want to use NxtCash for Mixing you have to send 10 Nodecoins to retrieve NxtCash address, then send Nxt for mixing....and so on. We have some really great features that will be built on top of Nxt and we should charge users Nodecoins to use those features. That will give them value.
But then you're basically inflating the currency and usurping value from Nxt as it should be the unit used for these purposes, no? These are roles that Nxt would take; doing so with nodecoin reduces Nxt's functions and in turn it's demand/value as opposed to nodecoin adding value on top of the system. I am not sure if there is any usurping going on. Using this logic, if we started trading BTC using NXT AE, then somehow this hurts NXT? I dont think that is what would happen. I think the value of NXT would be proportional to the sum of the values of all of the NXT AE assets plus the current value. So if nodecoins become worth something, then NXT becomes incrementally more valuable. Also, you are not taking into account the fact that without NXT, there is no nodecoin. This also seems to be what BCNext wanted from what I can remember. If people deposit $1 billion USD into NXT and we have that much USD assets floating around inside AE, would that suck all the value out of NXT? If nodecoins became worth $1 USD each, would that suck all the value out of NXT? James Simple: just invest in the coins built ontop. This is a way of injecting fairness into the community. The community decides if they want to keep NXT or a nodecoin as their primary focus. This nodecoin would obviously be possible for everyone to get in on eary. This community doesn't award people for their work, there is no mining, forging wont give you shit, so this is a way for fairness to come into the picture. There are far bette ways to invest in the community - see my 1M nxt donation for zerocoin implementation and the funding of ATs. Not true. |
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We shouldn't be looking at Nodecoins as a buy and sell commodity. We should be looking at Nodecoins as a Nxt Utility coin. For example. If you want to use the DAC, you have to send 10 Nodecoins to retrieve Doge address, then you can transfer Doge to DAC. If you want to use NxtCash for Mixing you have to send 10 Nodecoins to retrieve NxtCash address, then send Nxt for mixing....and so on. We have some really great features that will be built on top of Nxt and we should charge users Nodecoins to use those features. That will give them value.
But then you're basically inflating the currency and usurping value from Nxt as it should be the unit used for these purposes, no? These are roles that Nxt would take; doing so with nodecoin reduces Nxt's functions and in turn it's demand/value as opposed to nodecoin adding value on top of the system. I am not sure if there is any usurping going on. Using this logic, if we started trading BTC using NXT AE, then somehow this hurts NXT? I dont think that is what would happen. I think the value of NXT would be proportional to the sum of the values of all of the NXT AE assets plus the current value. So if nodecoins become worth something, then NXT becomes incrementally more valuable. Also, you are not taking into account the fact that without NXT, there is no nodecoin. This also seems to be what BCNext wanted from what I can remember. If people deposit $1 billion USD into NXT and we have that much USD assets floating around inside AE, would that suck all the value out of NXT? If nodecoins became worth $1 USD each, would that suck all the value out of NXT? James BTC are not dirty cheap or easily mined... |
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On Nodecoin/NXTcoin:
1) Who will buy them? It seems to me that it will follow the mine & dump path, so:
2) It will devalue NXT
PS: Ricky do you have skype? If yes PM me your ID please...
We shouldn't be looking at Nodecoins as a buy and sell commodity. We should be looking at Nodecoins as a Nxt Utility coin. For example. If you want to use the DAC, you have to send 10 Nodecoins to retrieve Doge address, then you can transfer Doge to DAC. If you want to use NxtCash for Mixing you have to send 10 Nodecoins to retrieve NxtCash address, then send Nxt for mixing....and so on. We have some really great features that will be built on top of Nxt and we should charge users Nodecoins to use those features. That will give them value. Why not use NXTs? |
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Getting nodecoins automatically is really cool. But someone explain to me when real nodecoins start what is going to give them value? Isn't it a false
assumption that miners will forge to get nodecoins?
Right now miners have so many options of which coin to mine and they choose based on how
easy the difficulty is and how much they can pump and dump it for.
That's why new coins get mined quickly. The miners know there will always
be someone dumb enough to think "ejaculate coin" will be the next big thing and everyone is going to use it to buy groceries so therefore I must
buy some on cryptsy.
What reason would miners have to "mine" nodecoin? Who's going to buy them?
hey Gramps, PoW gives value because the network needs securing. Nodecoin will not be worth much ever, but it will be easy to make, and serve as more of a direct payout than Forging blocks. This will help the naysayers and minnows who accuse NXT of being a premined scam, and those who dont want to leave their NXT online. you could set up a node farm, and HELP the network and earn a lot of coins.But he is right... what for, if it is worthless? What will give it value? AE bids in NXT by people who want to support the NXT network Wishful thinking.. Don't get me wrong but big stakeholders will prefer to dump (maybe this is what is happening atm) than an endless donation to small stakes! Of course this is a way to solve the distribution problem but I am not sure this is the for the best for 2 reasons: 1) Big stakeholders are key to NXT success because unlike other projects we have money to spend 2) Devaluing the currency (as Pin says) is a great way to discourage new investors Bonus track) The assets listed in AE whom value will be in NXT will see their capital shrink |
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On Nodecoin/NXTcoin:
1) Who will buy them? It seems to me that it will follow the mine & dump path, so:
2) It will devalue NXT
PS: Ricky do you have skype? If yes PM me your ID please...
2 seems to contradict 1. IMO, the more active nodecoin is, the more valuable NXT is Don't get me wrong I try to understand the market reaction here.. Can you elaborate some more? |
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On Nodecoin/NXTcoin:
1) Who will buy them? It seems to me that it will follow the mine & dump path, so:
2) It will devalue NXT
PS: Ricky do you have skype? If yes PM me your ID please...
Interesting, I didn't think of that possibility. However, BCNext has talked about coins on top of nxt right? Maybe nodecoin will be the first and most popular one? Nxt is for store of value and nodecoins will be what we use to buy calzones and diet pepsi? edit: and alka-seltzer If you want to secure the network and give motivation to people to forge, then you need to reward them in NXT. Either we will change the PoS algorithm somehow or we shall should make a form of dividend or something in NXT. If we reward securing the network in any other coin, then NXT will become even less valuable than XRP - basically it will only be important for people who want to control the network. I am not good at economic theory though, it is difficult for me to model all parameters in my head.. |
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On Nodecoin/NXTcoin:
1) Who will buy them? It seems to me that it will follow the mine & dump path, so:
2) It will devalue NXT
PS: Ricky do you have skype? If yes PM me your ID please...
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