At the moment it does - and soon it will likely change to being 0.1 (from memory that was what was most popular) - so as I said some smart math guy could probably come up with some sort of formula that involves the "available supply" of Nxt and the number of transactions and predict the likely value of it (not me though as I am not so good with math).

Micro transactions are really not something that any blockchain is going to handle perfectly although with Nxt the idea of being able to regularly *shrink* the blockchain will certainly make it a better option than say Bitcoin.

Indeed it can get a little tedious in this topic.

Yes - but what is *very* - hardly a "specific" number right?

Logically if 1 NXT is 1 USD right now then no-one would use the Nxt platform as it would cost you 1 USD to send 1 USD.

I am doing no such thing - I am simply pointing out that the "market will decide" what the value of NXT will be and what the "parameters" are.

It wasn't *my idea* to create a "2nd Gen" crypto "platform" but that is what we have (so pretending it is just like LTC is not going to work).

I don't have such powers although I did make quite a bit of money from a few well chosen stocks (such as Sun Microsystems back in the early 90's).

I am "no hippie" but I do *get* what Nxt actually *is*. It is *not* another "pump and dump copy coin" but instead a *platform*.

Right from the start Nxt was presented without the word "coin" and this among other things was *deliberate*.

There *will always be fees* even if they have to be reduced quite a lot down the track.

How will POS fee rewards compare to say a "bank account" - not sure although already a large % of people get 0% return from their bank accounts so there is still at least some attraction to "having stake" and leasing out your "forging rights".

Always - to earn money you would be best to work hard and/or invest wisely.

Consider perhaps "buying Asset shares" if you see a promising listing (but don't invest in an Asset called CIYAM unless you can verify that it is owned by an AT).

Indeed the incentive for forging is not so financial - at best down the track I think that forging rewards might cover the cost of running a server (if that and that's assuming a reasonable stake).

The reason for running a node (or super node) is going to have a lot more to do with the "ecosystem" (due to owning an Asset or a Digital Goods Store or something else that sits on the Nxt *platform*).

I don't have any such utopian ideals.

I am a pragmatist.

Also btw - I have invested in NXT so I have no great desire to "lose that investment".

I simply am not being delusional about what a "platform" is vs. what a "currency" is - that doesn't mean I think NXT will go "up or down" in value or that it's current price is above or below its "optimum" - the market will decide these things as it should.

Indeed Nxt will have to adapt as will peoples understanding of what a "platform" is vs. what a "crypto currency" is.

You should take your own advice - I have owned and worked in businesses for over 20 years so I think I am a "real world business person".

Indeed it will be used by some traders, scammers and hobbyists and little else "in the beginning" - I am looking a little beyond that but it seems many can't see that far.

I am not concerned with ideology - the *reality* is that if people are going to move to using a digital currency they are not going to choose a "Rolls Royce" but something that is efficient and cheap (if has to be *better* than using VISA or there is no point to change).

The buyer already effectively pays a fee when they use VISA because the goods they buy are that much more expensive (you can *always* get cheaper deals for cash).

It's just *hidden* from plain site (so fools *most* of the people).


If Nxt is only going to be for "traders" then I think it is doomed from the start.

Good - let it "sink in" and hopefully a few others will too.

Now it is you who are not making any sense - do you "profit" when you use your VISA card?

I think you don't understand who the "users" actually are - they are Mr. and Mrs. Average *buying* stuff (they don't generally think of their "fiat" as being an *investment* either).

You *use money* to pay for things - you don't decide to choose RMB *over* USD because that would be "more profitable" (at least for most people - currency speculators are another group but very much a small group).

The future is not something we can easily predict - but if you have a choice of two platforms:

1. Fee of 1%
2. Fee of 0.01 USD

which are users going to "flock to"?

In the end it is only the "users" that matter - not peoples wishes and desires to "get rich".

Updating software is something I think everyone has already adapted to (in fact most likely the majority of the software you are using "updates itself").

The value of NXT *can never be very high* as it is basically just *fuel* to run the engine. There seem to be a lot of people in this forum who just "don't get this" (perhaps because "greed" is blinding them to reality).

I think it would be a fair prediction that the price of NXT could be determined mathematically by the available supply along with the number of users and transactions.

Speculators should be looking to purchase Assets in order to "make big profits" and again the "fees" will be determined by the two main points I mentioned (if you make them too low then then network dies due to spamming and no incentive to forge and if you make them too high it dies due to competition with other such networks).

So - how low are the fees going to be?

It is a *competition* between Mastercoin, Bitshares, Ethereum and Nxt (you could call it a *race to the bottom*).

It's called VISA (or Mastercard) and it makes *zero* sense to charge a % when it *costs* the exact same to send 1NXT or 1M NXT.

The fee is there to do two things:

1. Prevent spam
2. Reward forging

Thus the fee needs to have a "fixed minimum amount" in order to achieve point 1 and "be as high as the market will bear" to achieve point 2.

If we are going to consider taking the fees as a % of anything it should be of the entire supply of NXT rather than anything to do with a tx amount.

So your solution is to "trick those who are stupider".

Good luck with AE - I know it is going to *fail terribly* if done your way.

I *gave* you a better solution.

Allow multiple Assets with the same name.

This will cause average Joe to go "what the fuck" and stop him losing his NXT.

Why do you need to ignore my solution (your bosses are "telling you to ignore it")?