I'm not a founder. Apparently I had very little to do with the project.
but you were in the team early on and i'm sure you know alot of the inside stuff that your voicing out now. im curious to whats your take on NXT and Bitshares as its a competing 2.0 tech in the crypto scene. Ethereum is not competing with Nxt or Bitshares, it's competing with Crypti. isn't the upcoming nxt plugin system in the same area?
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seeing that they are required to collect aml and kyc stuff now.. i think this coin is on its way out.
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Besides, who would wait a day or so to download 40GB of Blockchain data, just to download a torrent seed?
It's just plain stupid. Don't you think?
yea i didnt account for that 40gb download... i think nxt actually has that down with pruning the data every 2 weeks to reduce the bloat and selective nodes can choose to archive the data and turn off pruning. concept seems plausible until they release it on mainnet. i wonder how storj and maidsafe is accomplishing the bloat issue?
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I'm not a founder. Apparently I had very little to do with the project.
but you were in the team early on and i'm sure you know alot of the inside stuff that your voicing out now. im curious to whats your take on NXT and Bitshares as its a competing 2.0 tech in the crypto scene.
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is there a working live version of that yet?
would be awesome if there was a Chrome Plugin that can resolve nxt addresses. possibly would be something like this?
nxt://my_alias_name
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having an ehtereum founder come here to bash ethereum is quite shocking i must say for a project that raised so much funding. what stage are they at now anyways?
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what is everyone's take on how NXT is doing the file storage?
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Seeing that op_return is going to be 80bytes soon on the next update.. Would it be possible to put in torrent files into the blockchain to create a decentralized piratebay? i noticed that these guys got it up and running to host torrent files on the blockchain, but i rather have it on bitcoin instead. possible? https://nxtforum.org/general-discussion/(preview)-torrents-plugin/Original post: Since community members have been so kind to offer a bounty for a torrents plugin, I went to work on it right away. Almost all the things you can see below are already working, but there are still some important things missing, like the local signing of transactions, so I can't release it for testing quite yet. https://i.imgur.com/gFwI1ou.pngAs you can see, it's possible to get some additional info on torrents. This includes seeder/leecher numbers (obtained from getstrike.net) and "FakeSkan" from bitsnoop.com. With this info you'll know whether a torrent is active and whether it's a fake. These external requests are only made after manual action by the user. https://i.imgur.com/DA2xgHE.pngFilename and mime type are automatically detected when selecting a local file.
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NXT has one of the biggest alternate trading markets outside of BTC. The NXT AE is growing exponentially and the volume continues to increase. No other altcoin has such a high volume market like NXT.
there is also mynxt.info which is a block explorer and online wallet (with plugins).
how can one verify such a claim of the NXT AE growing "exponentially"? is there a chart somewhere?
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is erik voorhees that much of a market mover?
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thoughts on how ethereum might be able to take it out with its marketing budget?
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what evidence do you have on NEM? i thought i saw a post somewhere on that about sock puppets. where is that?
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whats a scenario if a coin were to decouple from btc?
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im starting to see nxt as more of a platform instead of a currency.... its good that whales dump as it keeps the cost of operating on the platform that much cheaper. this is when people start developing on top of it.
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very good interview. everyone should watch it.
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i think many people believe that forging could be highly profitable like btc mining, but in reality it isn't as its only meant as a small incentive to keep the network up. yes it does enforce the idea of "the rich get richer", but not by much. I see it as the equivalent of recycling soda cans.... sure you'll make money, but it will take quite awhile before its anything significant. the question really comes down to what is the minimum viable amount to make it an incentive to support the network by setting up a node.
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imo, ignore the coin. its where the features will pay for itself.
lets assume nxt never gets out of the .02-.05 usd range in the next 5-10 years and the devs continue building on top of the platform. what happens?
i'd assume this is what might play out:
1. Since its POS coin. All coins exist. Which mean there is no added supply everyday like POW coins. Hence, true deflationary coin. Supply can only get less over time. This scenario happens to BTC once all coins are mined in the year 2140.
2. It's safe to say Demand will continue up over time, due to other devs jumping in to make use of the platform to create decentralized applications which require nxt to operate.
3. What might potentially happen is NXT the coin will stay at its price range, while Assets or MS coins within the system appreciate more than the coin itself. The play can very well be whats "inside" of NXT that is going to appreciate in value vs NXT the coin. This is something I feel other's aren't noticing and just blind sighted by NXT the coin itself.
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wasn't there an entire long thread about monero being a scam with the poster documenting everything?
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i think NXT just implemented this feature on the upcoming 1.5
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