I am new to this coin and I have a big confusion in my head. What is NXT and what is HZ.
Nxt is first, original. HZ is a clone, like many other Nxt clones May I please have a list of all the "many other Nxt clones?" There is HZ , NEM and BURST . These are that I heard of, there could be many more minor ones. |
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Fact: paying a loan removes money from circulation. Thats common sense.
You are wrong on the first fact. How is paying a loan remove money from circulation? It creates money not remove it. BANK loans 1000$ to Alice from 100$ reserves. 900$ is created out of thin air. If alice defaults on the loan then the money is destroyed since it never materializes it. If Alice pays it back , then the bank can further loan those out and create again 90% out of thin air (or whatever the reserve rate is). Furthermore now the paid back (printed) money is accounted as the bank's capital + profits, the bank pays taxes on that, and slowly the printed money circulates into the entire economy. And that money is loaned out again and whatever reserve rate. Your facts are bullshit, no wonder keynesianists ruined the entire world, you don't even understand your own theory  |
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I am new to this coin and I have a big confusion in my head. What is NXT and what is HZ. Are the same thing or the second is the successor of the first? Or are two coin in concurrence with each other? Or are the same thing (I see the web wallets have the same configuration) but that are on their own because the devs had divergences between each other and had every of those developed the own software.
Can someone explain me what is going on?
Thanks!
No HZ came out after NXT, many months later. NXT came out in april 2014 and HZ in october. https://bitcointalk.org/index.php?topic=823785Looks like HZ is a copycat of NXT, NXT is the original cryptocurrency  |
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If not gold it will be other metal or anything ... the unsatisfiable greed is the root of all evil.
My precioussssss : D
No other metal has a charm effect like gold has: silver is shiny but not that defined and capturing, platinum is like silver , but only more value than gold because of scarcity. However gold has the real charm aura around it, and there is no (discovered) metal in the universe that can replicate that. Do you insist to know all metals? What you are saying about the gold is subjective. Well i dont think there are any other metals (or for that matter any other substance) that is as charming as gold in the entire Universe.
subjective. Have you been outside the mother Earth? Do you dig deep into some asteroid? We have discovered all elements until 120 protons I think. The isotopes are unstable,and the matter with 120+ protons are radioactive or decay very fast into less complex matter.
Are we discovered all elements? Prove it. So basically the periodic table is all you got, and by far Gold is what stands out from it.
subjective. Also there are theories that some elements are intentionally kept out from the current periodic table. So I can safely say that it is not subjective, and gold indeed has a charm on all humans, and its the only substance in the universe to do this.
wrong assumption Some studies shown that even dogs where charmed by shiny gold.
links?  Basic chemistry, we know for a fact that isotopes are unstable and that they look the same on the surface as their closest element. Elements above 80 are all gray color and without much shining, even the newly discovered 114 element is gray, but it's so rare that you can see it only in microscope. Other than that, other things are not solid. If you want antimatter or other strange matter to be your charm then its not a good example because these stuff are not solid. So yes gold is the only solid, touchable and visible metal that has the biggest charm around it in the entire Universe. |
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Shiny things induce pleasure.
Your point is only due to the fact that we know gold has greater value than many of the other common metals.
No, pleasure and greed are different things. Pleasure it induced by oxitocin and serotonin hormones , greed is by testosterone and adrenaline and others. The feeling of you wanting to get those bars is exactly the work of those chemicals in your brain. So yes gold affects you chemically, or from metaphysical point of view you can say that it's the devil's grasps. |
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Even doge has more uses than litecoin. Litecoin is a shit coin, worth nothing. Price will collapse before the year's end.
Mark my words.
I personally dont think the price will go lower than 8 mBTC, but that is still just a few % points. And then it can go up again. Doge is stable no doubt, but i dont see DOGE ever going up big. I`d still choose LTC over DOGE anytime. DOGE's current problem is that there are too many of them (available supply is huge) thus making it a very inflationary currency. The less the supply the more the price would increase. Also, I think that even NXT and Ethereum are better than both Litecoin and Dogecoin. Just my opinion.  Actually DOGE's inflation is 6x smaller than litecoins. Yes the supply is too big that is one problem, it should be atleast 4 digits smaller. |
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I didn't start with faucets. I bought my first Bitcoins in very early 2013. I have for fun tested some faucets in 2014 to try to get as much as possible for my efforts. It was a waste of time. Nearly 2 days of fully trying to get as many satoshi's as possible, just made me $0.28!!
The weird thing is that most people consider it a waste of time, but still these faucets attract huge loads of visitors every day.
That's why I`m pro faucets, but i just personally dont like them, that doesnt mean that they are not useful for others. |
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What happens when you service your mortgage through payments? Your saying that its not paying anything off at all? Are you not removing money from circulation?
Not really because that money is loaned out again and the ponzi scheme grows, because each loan payment multiplies the amount loaned out again by x10 in a 10% reserve system, or even more in western countries where they usuall have lower than 5%. |
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If not gold it will be other metal or anything ... the unsatisfiable greed is the root of all evil.
My precioussssss : D
No other metal has a charm effect like gold has: silver is shiny but not that defined and capturing, platinum is like silver , but only more value than gold because of scarcity. However gold has the real charm aura around it, and there is no (discovered) metal in the universe that can replicate that. Do you insist to know all metals? What you are saying about the gold is subjective. Well i dont think there are any other metals (or for that matter any other substance) that is as charming as gold in the entire Universe. We have discovered all elements until 120 protons I think. The isotopes are unstable,and the matter with 120+ protons are radioactive or decay very fast into less complex matter. So basically the periodic table is all you got, and by far Gold is what stands out from it. So I can safely say that it is not subjective, and gold indeed has a charm on all humans, and its the only substance in the universe to do this. Some studies shown that even dogs where charmed by shiny gold. |
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If not gold it will be other metal or anything ... the unsatisfiable greed is the root of all evil.
My precioussssss : D
No other metal has a charm effect like gold has: silver is shiny but not that defined and capturing, platinum is like silver , but only more value than gold because of scarcity. However gold has the real charm aura around it, and there is no (discovered) metal in the universe that can replicate that. |
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So people who deny gold has a charm effect on humans please watch these pictures for a few seconds:   Now tell me that it doesnt invoke greed in you? Just when you see these shiny bars your mind triggers and starts producing adrenaline and other chemicals that trigger your "greed instinct", and make you want to grab them out of your monitor You see gold has a charm, and that charm can be dangerous. |
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@OP: Regarding the past, you are right. Gold was a major factor in many wars; although oil has replaced it in last years.
Oil seems to be a temporary asset since the 1800s, plus nobody is interested in the instrinsic value of oil, because it doesnt have one, but rather in the energetic value of it. When you see a barrel of oil you are not mesmerized, like if you would see a bar of gold. People could care less about the black liquid of petrol because there is nothing interesting in that, they only care about it's energetic value and heating effects. Or in other words oil is just a raw material, that in itself doesnt have intrinsic value, only if you use it. And that is also temporary, once the oil cartels dissapear and we switch to clean energy: solar panels ,etc . Oil will worth then as much as a mud puddle.
However gold was valuable since the first person saw it, from the first humans to the last humans, gold will mesmerize anybody and have it's charm on them. |
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Hopefully someone will find a way to get crypto-currency working in micro-transactions to billions of users pronto, so the Industrial Age will just crumble away like the Berlin wall.
21 inc microchips into smartphones, ultra marketing advantage for mobile phone companies, they will adopt it fast. Then mainstream people will mine bitcoins on their phones, not much a few satoshis maybe, however this increases demand for bitcoin because it exposes it's rarity to the mainstream. Then price will skyrocket, 100-1000 satsohis that were minable by mainstream people will quickly be worth a fully time salary. Then bitcoin becomes the de facto global reserve currency. |
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Actually you are wrong. Yes they would like to identify people behind transactions, but that is secondary objective.
Their main fear is that they cant control it, so you could move out trillions of $ in bitcoin and move it to another place, and crash your domestic economy. In terms of panic governments ban banks to allow foreign transfers to slow down economic crash.
If you are in a war zone you obviously want to cashout, send your money to another country, and leave the borders.
Governments will ban you cashing out, wont let you move your money out, and close the borders and not let you out.
Strong governments like the US don't care. You can move dollars out in any case. There are no capital controls. They will just go ahead and print some more. I dont think so, if everybody will just withdraw their money from banks and move it to Europe, they would react. Why do you think the 2008 crisis happened? Banks quickly moved out trillions of $ from the US, and the FED intervened and stopped them. If they werent then their economy would have collapsed right there. |
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But I like my fiat money, it loses 90% of its value in less than 40 years, and I love my wealth being stolen by cleptocrats.
It's not fair if you let people store their wealth safely.
It's funny how people save their value-eroding fiat for their future retirement. It almost makes more sense to spend it on lobster now, because you are going to be eating sardines when you retire anyway. I haven't heard of the term 'cleptocrats', but it's a good one.  Cleptocrat = Kleptes (thief) + Kratos (rule) [greek term just like democracy] = A system that is based on theft https://en.wikipedia.org/wiki/Kleptocracy
People save money now is if they need to spend some on big ticket purchase, they do not need to borrow.
Pension is an exception.
If the fiat money would not steal people's money, there would be no need for pension system. |
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Even doge has more uses than litecoin. Litecoin is a shit coin, worth nothing. Price will collapse before the year's end.
Mark my words.
I personally dont think the price will go lower than 8 mBTC, but that is still just a few % points. And then it can go up again. Doge is stable no doubt, but i dont see DOGE ever going up big. I`d still choose LTC over DOGE anytime. |
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Considering a currency responsible instead of a person is just plain ludacris. Only a lunatic would even listen to such a statement.
Exposure to Uranium causes: dizziness, headache, lightheadedness, halucinations. Exposure to Gold causes: extreme greed, evilness, and a tendancy to commit atrocities. These metals both have their health effects on humans |
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It's not. We can't blame a physical object for the greed of all people. Far ago when there is still no gold where people uses anything to trade in exhange of something they want, there is already a greed. Be it if there is a gold or none, people gave value to anything so it's not the "gold" fault if people are greedy enough to fight over it.
Of course but that physical object is what makes people "sick" You cant blame Uranium that causes people to die if they touch it, it's not Uranium's fault, nontheless it does make people die, so maybe we should not play with it? The same goes for gold, it's not gold's fault that it has this effect on people, but it does have a negative effect, so maybe we should not play with it? so what do you suggest? if we remove gold another source of evil will come up. you said that gold and other physical object make people do bad things, so what would you suggest? unless some says what will the alternative for gold and other physical object this conversation will never stop I dont want to impose anything on anybody, I just put out interesting ideas. My suggestion would be to drop gold and use bitcoin instead. |
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That's true, I used started out by using faucets. It's great way to start with Bitcoin and learning more about it along the way.
I started out with faucets too, everyone did. It was a big waste of time, but alteast I learned how to use bitcoin, and how to not waste time on useless work. I dont see why it should be banned, it is still good for entertainment if you like to waste your time. |
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Gold can be stolen by just taking it. For bitcoin to be stolen the private key needs to be revealed, which is much harder to do.
If every Bitcoin user was a computer expert and if Bitcoin client software was flawless that would be the case, but it isn't. Violence and greed have existed long before people started using precious metals. But it requires more effort to hack into a PC than to pickpocket somebody. The pickpocketers have lower IQ than PC hackers, thus since high IQ is rare, if everybody would use bitcoin, the amount of thefts would be much much rarer than with physical money. |
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