I'm familiar with nxt and even owned some for the past 6 months. I'm not sure I want to release on nxt. Most of these clients aren't involved in crypto in the first place so I'd like the system to consist of the least amount of friction possible with the loyalty program. Nxt is a little too technical.
I would also be looking for a fully branded coin around our business.
First off, is this is a stupid idea? Is a crypto even necessary?
What about something like CoinCreator to get started?
I also know little about hash rates and hashing power. If you launch a coin, what considerations need to be made there?
They don't need to do much, they can sign up at a site like https://trade.secureae.com which is a front end for NXT AE, and you send them asset (currency) to their NXT address that https://trade.secureae.com provides them with. That's as frictionless as could be. If you launch your own PoW coin, they'd need to deal with downloading and syncing the blockchain, which is much more effort than using the above solution. |
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Yes, on NXT.
The cost to issue an asset is ~$30, asset = currency for your purposes. Customers will need to install NXT client and then you send them as many of that asset (currency) as you want according to your business plans.
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If BTC will fail, it will be very hard for people to trust again on alts.
It won't be a quick and one time event, it will fade slowly, with capital gradually (over the course of 2-3 years) flowing into a small number of alts with unique and prominent features. The capital flow already started by the way in 2014. |
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But BTC is not just a speculative tool. It is a viable alternative to legacy value transfer methods. Just like most other crypto currencies. The only advantage of Bitcoin is first mover advantage and hence a larger market share. If Bitcoin was just released today, nobody would even notice it among others as it wouldn't stand above the crowd, in any aspect of it. |
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A lot of markets are based on the Greater Fool theory, Bitcoin too, nothing new here. But then again, what has intrinsic value for people? Food, shelter only... anything else is demand pent up by skillful marketing. But even demand for shelter can be overheated as we've recently witnessed.
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Yes not all but the concept all came from bitcoin if it wasn't for bitcoin these coins will not be here. We don't need altcoins, the only reason why ppl invest in altcoins is because they are cheap and they think its going to take off like bitcoin and they are going to become rich with fiat. Its all BS in my eyes.
Well, that's only your opinion, thank you for sharing it ) |
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Price is linked to demand only. Demand is linked to unique use cases. Period.
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Unique use cases is the key word.
What can Bitcoin buy that you can't buy with other currencies?
The more unique use cases, the more demand for a currency.
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Welcome to free market. Free market decides which is best.
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LOOOOOOL - @ alt coins, is your brain all mush or something W T F.. I like to call them Altcopies... they are all just copies off each other with a very nnumbers changed in the code.
Do you realize how many big names are invested into bitcoin and banking on it to thrive not only survive- In fact, have you heard of Blockstream? I can see this destroying the need for altcoins or even ethereum, counterparty, colour coins.. We only need the power, network effect, publicity and scarcity of Bitcoin , this can support the entire planet no problem, once we have people developing on top and along side it we wont need a whole heap of copied BS inflating the world of cryptocurrency.
Again, homework not done. Most altcoins are copies, but not all of them. There are not so many big names actually investing in Bitcoin yet, and what they invest in is mostly payment platforms and businesses, not bit coins? Do you know why? Because payment platforms and infrastructure is easily adaptable to any crypto currency, and it's up to users to decide which one will be the leader, or perhaps even several leaders. Smart money invests to take profits in whatever users decide to be the currency of choice, smart money will skim their cut in any case. They like to invest in businesses generating profits, a large share of that investing goes into mining bitcoins. But do they keep those bitcoins or sell for fiat? The price action should tell us. |
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IIRC Gavin recently observed that a better analogy would be ethernet replacing token ring. That's physical level. Shouldn't we best search for software level analogies? Crypto currencies are software after all. |
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NXT is still dirt cheap for the technology it is.
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And why price 0.009 now ?)
Because a little more selling than buying is going on. |
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Our app has ran for the last 3 days with total in app time of 1 day & 2 hours with ZERO CRASHES.
Although there are some bugs which we must still remove the app has been stabilized.
Was that a stress test with a simulated load of multiple simultaneous (thousands, hundreds of thousand) users load, like it would have to service in RL? Sorry, I come back to this again, but this is kind of important. |
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No idea, I usually use this one: https://nxtblocks.info/#section/blockexplorer_accountssort by account balance descending order with 100 records per page, and you'll see all you need to see. And you can compare the data there against your own client and your own downloaded blockchain if you don't trust that blockexplorer. Additionally, can you at least admit that this comment was hysterically fallacious:
On the contrary, it was a comment said with a cold mind, I can repeat it any time again if need be. |
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So you are suggesting that a few large stake holders credentials being stolen is less probable than all networking devices stop working worldwide ?
Explain to me how you could possibly rationalize this?
https://nxtblocks.info/#section/blockexplorer_distribution142 NXT accounts own 77.81% of NXT. Explain what you mean by 'a few'? |
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This shows that between 7-15 individuals own over 80% of the stake. This means that all one would have to do is compromise a few of these accounts and that can be done by compromising 1-2 of them first and than using those credentials to compromise their friends and fellow developers.
1. How many mining pools' operators own 80% of Bitcoin hashrate? 3-5? https://nxtblocks.info/#section/blockexplorer_distribution142 NXT accounts own 77.81% of NXT. 2. How do you compromise those accounts exactly, accounts are not bound to IPs/identities (but Bitcoin mining pools are easily identified and can be tinkered with)? If compromising was that easy, then you'd need to only compromise your friend's computer and then hack into Bill Gates' mailbox armed with just a Six degrees of separation theory. |
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Yes, and that's still much more than you believe it is you can get access to. Correct for today. Tomorrow the situation will change. There will be no reasons for typical holder to be online 24/365 As in bitcoin there are no reasons to have a full-node on desktop PC There is a choice to lease balance (without giving control of the coins) to pools (just like in Bitcoin) for those who don't want to forge (stake) on their own. But actually the situation with solo forging might improve as distribution gets better, although this is not a guarantee. Likewise, your statement that it will get worse is not a guarantee either. |
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You will need 51% of actual balances with NXT in them to successfully do damage You will need 51% of actual online balances with NXT in them to successfully do damage. See the difference. Yes, and that's still much more than you believe it is you can get access to. |
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