With the Raspberry Pi experience I think it would be wise to be smartphone centric there is a lot of smartphones in the world with great distribution systems called App stores already in place. If we can refine Nxt client to optimally run on smartphones then we can greatly scale the number of nodes in the network. But for smartphones to run as nodes we need to have an amazing social feature for the general public to us on a daily basis.... Anonymous Messaging with alias from your smartphone.
There is real demand for this....example bittorrent just launched an anonymous messaging service in alpha a few days ago.We should beat them to the punch....we already have a working android app with Alias search. https://nextcoin.org/index.php/topic,797.msg12105.html#msg12105 |
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Skynet is referenced that way a lot.
What we really need to do is get nodes running on tiny powerful always connected to the Internet devices that everyone carries around all day......phones. Shouldn't be to hard on Android devices since they run Java anyway. with alias should solve this....search with Alias is already in the android app....i think someone is working on iPad & iPhone app as well. Android App: https://nextcoin.org/index.php/topic,797.msg12105.html#msg12105 |
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Nxt crossed 100,000,000 Million Dollars!  100'000'000 or Million, not both. At least not now.  ....now that would be something to see |
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That's called a paid press release and means absolutely nothing. we'll take it.....any press is better than no press |
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Nxt crossed 100,000,000 Million Dollars! |
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Ripple is No. 2 on Coinmarketcap  |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange. I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset excahnge, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions I understand why BCnext has to be anonymous. I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns. other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further. You have to think about how it is going to work. Just because someone says this gateway is not going to fall does not mean it is not going to fall. Nothing gives you a stable return unless you take a certain amount of risk. It would be the only channel to exchange BTC/NXT or NXT/BTC on the Nxt Exchange....and the shares would be a new source of liquidity....another source of income parallel to mining. It is not free market and decentralization. Everyone should be free to open an exchange if they can persuade the economy to trust them. Secondly, your model is flawed economically. Nothing can guarantee you a certain rate of exchange between Nxt/ Btc. Not the rate of exchange....the BTC/Nxt Gateway charges a simple/set service fee....the total service fees collected....would then be divided at the end of the month and send to those accounts holding BTC/NXT shares/tokens.....based on the percentage of their holdings Who controls the account holding Nxt ? who controls the account holding Btc ? Who making the transfer upon a request ? Still one individual need to step up to do that task. He can use his own btc/ nxt account or he can mobilize nxt/ bct from other to make a partnership. That's a business decision. But other people should also be free to do the same. Who we are to impose the rule of one exchange ? isn't it monopoly ? It will be automatic....no need for individuals...its needs to be decentralized.....the company is publicly owned.....the person who codes this 1st get to make a cut during IPO....a reward for their hard work. The issue is that the gateway can run out of Btc or Nxt. You can never be sure of that. Nxt and Bct are individual asetts you can't force people to send their assets to the gateway. You have to consider the possibility of the gateway going bankrupt and being delisted the gateway runs on the network it has no profit or loss....it just collect fees and divids them based on who owns the percentages of the share say at 12 am on the 1st day of the month Shanghai time. if no fees are collected nothing is paid out |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange. I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset excahnge, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions I understand why BCnext has to be anonymous. I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns. other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further. You have to think about how it is going to work. Just because someone says this gateway is not going to fall does not mean it is not going to fall. Nothing gives you a stable return unless you take a certain amount of risk. It would be the only channel to exchange BTC/NXT or NXT/BTC on the Nxt Exchange....and the shares would be a new source of liquidity....another source of income parallel to mining. It is not free market and decentralization. Everyone should be free to open an exchange if they can persuade the economy to trust them. Secondly, your model is flawed economically. Nothing can guarantee you a certain rate of exchange between Nxt/ Btc. Not the rate of exchange....the BTC/Nxt Gateway charges a simple/set service fee....the total service fees collected....would then be divided at the end of the month and send to those accounts holding BTC/NXT shares/tokens.....based on the percentage of their holdings Who controls the account holding Nxt ? who controls the account holding Btc ? Who making the transfer upon a request ? Still one individual need to step up to do that task. He can use his own btc/ nxt account or he can mobilize nxt/ bct from other to make a partnership. That's a business decision. But other people should also be free to do the same. Who we are to impose the rule of one exchange ? isn't it monopoly ? It will be automatic....no need for individuals...its needs to be decentralized.....the company is publicly owned.....the person who codes this 1st get to make a cut during IPO....a reward for their hard work. |
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This similar to merge-mining. Someone can charge extra fees for transactions in parallel chains (dedicated to file storage for example).
Quite intresting. you can issue a file storing company IPO on Nxt asset exhange....generate fees per transaction and pay out dividends....like a regular company this is crazy! |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange. I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset excahnge, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions I understand why BCnext has to be anonymous. I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns. other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further. You have to think about how it is going to work. Just because someone says this gateway is not going to fall does not mean it is not going to fall. Nothing gives you a stable return unless you take a certain amount of risk. It would be the only channel to exchange BTC/NXT or NXT/BTC on the Nxt Exchange....and the shares would be a new source of liquidity....another source of income parallel to mining. It is not free market and decentralization. Everyone should be free to open an exchange if they can persuade the economy to trust them. Secondly, your model is flawed economically. Nothing can guarantee you a certain rate of exchange between Nxt/ Btc. Not the rate of exchange....the BTC/Nxt Gateway charges a simple/set service fee....the total service fees collected....would then be divided at the end of the month and send to those accounts holding BTC/NXT shares/tokens.....based on the percentage of their holdings |
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I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns.
other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further.
BTC can be interfaced on protocol level, noone will be able to run with bitcoins. pls elaborate further |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange. I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset excahnge, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions I understand why BCnext has to be anonymous. I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns. other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further. You have to think about how it is going to work. Just because someone says this gateway is not going to fall does not mean it is not going to fall. Nothing gives you a stable return unless you take a certain amount of risk. It would be the only channel to exchange BTC/NXT or NXT/BTC on the Nxt Exchange....and the shares would be a new source of liquidity....their price would move like a normal share....another source of income parallel to mining. |
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NXT almost overtaking master coin very cool!! If anyone would like to buy my NXT please PM me, selling them asap
Possible happens, not sure what happens when MSC will use milli-mastercoins. The problem for mastercoin is the BTC per Mastercoin. Another problem is that 80% of the new NXT adopters and MSC adopters dont even know what NXT or MSC is.Hahaha very true! Nxtsters are very informed....that is why the forum is 2000 members strong...plus Nxt is designed to be simple |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange. I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset excahnge, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions I understand why BCnext has to be anonymous. I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns. other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further. |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan bank in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. Edit: Imaging the volume of fee generated by BTC/Nxt Gateway....this gateway should be the 1st Nxt Asset Exchange IPO. so it would not be under the control of one individual...and anyone can buy in at anytime. this IPO would see huge demand! |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
"Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them."
USD/NXT Gateway would charge service Fees and this would be divided up based on holding....USD/NXT Gateway shares would also be traded on Asset exchange
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To be on the safe side, I wouldn't advise enxern to quit his day job - but if he can take a non paid vacation, I guess it will be very easy to raise the funds to pay him generously...
Count me in! I am pretty sure I am going to quit my job at least temporarily to devote my full time time to Nxt if the official launch goes smoothly. I have quit my job,and devote my all time to this great project.I love you,NXT. we should also not be too quick in our decisions....Nxtsters are rational beings |
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is there somewhere i can read about asset exchange implementation of nxt? so i have a company, i list it in the asset exchange and ppl will buy in with nxt to own some shares of my company right? then i will just say that i don't respect the agreement and take the nxt and leave or am i just saying bullshit? Nxt will be held in some sort of time limited escrow account....the Nxt never really leave the Asset exchange. I could be wrong... |
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I am pretty sure I am going to quit my job at least temporarily to devote my full time time to Nxt if the official launch goes smoothly.
Official launch of Nxt will be unnoticed. Most of bitcoiners will be celebrating 5th Birthday of Bitcoin. that's always the best way to begin....but i'm sure someone is definitely watching...so they target the Exchange, Forum & Network The weakest link: 1) Forum 2) Exchange 3) Network There is a proper & meticulous campaign against Nxt (I know i;m stating the obvious) |
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A truly global company with global investors. With completely decentralized and peer-to-peer rules. I can't tell you how disruptive it is to the traditional society out there.
We shouldn't forget that other meaning of "revolution" is "catastrophe"... the Internet is a sound example. |
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