Because they are getting to high? I mean we all understand that fees are good. They give incentive for stake holders to forge. They keep the block size down so that people aren't storing more transactions than they need to on their computers for all of time. But we should really try to not make it significantly more expensive to transact with nxt than bitcoin. I think the time is just about right to kick it back a single decimal place.
Well, in this case u should bribe Jean-Luc. I prefer to have 1 NXT fee coz it doesn't let the price to rise too high. Edit: Another option is wait for VS, AE and AC to be implemented. Then I'm going to set lower fee. Bitcon fee is about 9 cents. They have POW overhead to pay for. Nxt fee is 10 - 15 cents. We have almost no overhead. I realize there are major benefits to Nxt that easily justifies the extra cost of making an Nxt transfer over making a BTC transfer. I also realize there needs to be enough of a fee to protect against spamming the network and such. What is the best balance? It's time to take this into consideration instead of being an arbitrary amount. One of the best things in crypto is supposed to be negligible cost to transfer any amount of money. Also take the micro-payment market into consideration (user made content tips, etc). This doesn't work if fee is too high. There are considerations to make other than "its good be cause it keeps price from getting to high". (whatever that's supposed to mean.) Give it some thought. thoughtful input |
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why do you want to keep the price low? I'm not saying you are wrong or anything to want that. Just curious.
Lower price makes big stakeholders to sell more. sorry to be a pain but could you elaborate on your thought process here. For example: I am going to sell 1M of my Nxts @0.00007 (I do not sell in small parts) Any big invester interested can pm me to discuss it further! The reason is to buy a new car  Good day. In a week he will want to buy a new girl, then a yacht, an island... It's better if he (and the others) sells at lower price, coz this will require to sell more nxts. Idk if this follows. Maybe it does, im really not sure. Sure they are selling less of their stake for more real world goods, but its the price rise that is motivating them to sell any of it. Do you think they would even be selling if the price was stagnating? Again im not really arguing, i really dont know. I just think that maybe they wouldn't be selling at all if the price wasn't rising. We really need to start talking to some of these people. I know klee for example is sitting on 23million. Thats.... excessive.... I think maybe the community should be asking these people for a plan with some concrete steps that they can lay out for us. If this were bitcoin with proof of work than it wouldn't matter. I really dont have anything against people being exorbitantly wealthy. I think thats wonderful. But the security of the network relies on the stake being sufficiently decentralized. Without sufficient decentralization no ones nxt is worth anything. |
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the fees really need to be lowered...
Why? Because they are getting to high. I mean we all understand that fees are good. They give incentive for stake holders to forge. They keep the block size down so that people aren't storing more transactions than they need to on their computers for all of time. But we should really try to not put ourselves at a competitive disadvantage with bitcoin in this respect. I think the time is just about right to kick it back a single decimal place. *edit* down to 0.1 nxt, not 0.01 nxt like some people are suggesting. You should be able to run some stats on blockchain.info to check the average BTC transaction fee. A while back, when I did this it was about $0.35 each, with a minimum of $0.09. 0.0001 gets you included every time. less than that may as well be 0. so thats our target imo, somewhere around $0.09 |
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i would like to cancel my buy order 80,000 nxt for 0.000050
thanks
updated |
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why do you want to keep the price low? I'm not saying you are wrong or anything to want that. Just curious.
Lower price makes big stakeholders to sell more. sorry to be a pain but could you elaborate on your thought process here. |
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Because they are getting to high? I mean we all understand that fees are good. They give incentive for stake holders to forge. They keep the block size down so that people aren't storing more transactions than they need to on their computers for all of time. But we should really try to not make it significantly more expensive to transact with nxt than bitcoin. I think the time is just about right to kick it back a single decimal place.
Well, in this case u should bribe Jean-Luc. I prefer to have 1 NXT fee coz it doesn't let the price to rise too high. why do you want to keep the price low? I'm not saying you are wrong or anything to want that. Just curious. |
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the fees really need to be lowered...
Why? Because they are getting to high. I mean we all understand that fees are good. They give incentive for stake holders to forge. They keep the block size down so that people aren't storing more transactions than they need to on their computers for all of time. But we should really try to not put ourselves at a competitive disadvantage with bitcoin in this respect. I think the time is just about right to kick it back a single decimal place. *edit* down to 0.1 nxt, not 0.01 nxt like some people are suggesting. |
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hey cfb good to see you. did you see? adam b levine has a nxt address 2976219914929693803
Great news. What about the other guys? It's an exchange address so don't send any NXT to it. I also think it's a bad idea to try and "bribe" Adam with NXT - I think he is likely to write about it anyway so sending him NXT to do so just looks "desperate" for publicity. Well I did try to bribe him into reading the paper I wrote. But there was no condition on the nxt other than reading the paper. I made it very clear that he was free to sell it the moment he got it if that was his preference. |
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this is wallet he got from bter for deposits wow thats so lame and disheartening. especially since, if that is a wallet used by everyone, the only way it will accept a deposit is if you pre specify the amount deposited. So all that nxt just disappeared into the aether. Shame on me but serves him right. Asking me to direct deposit my donation into an exchange... *edit* shame on me because the condition was that he read my essay. i guess it wasnt good enough to convince him to keep the nxt. time to rethink my strategy (or maybe go take a writing class). |
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Making bandwidth marketable would incent people to build their own networking infrastructure which could lead to a future of truly decentralized, grass roots, bottom up approach to world wide networking. If you guys can pull this off, this is the sort of thing that could potentially save the human race from extinction or worse. If this is serious, and you guys actually have a reasonable shot at pulling this off, i want to be part of this.
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The minimum fee should be set at 0.01 fast. What happens if NXT rises 10x in the next week? A $1 minimum fee? Ridiculous. It will be almost impossible to shake the relation nxt = very expensive transaction fees after that.
I'm sure the dev's understand this. |
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Although hoarding bitcoins and not spending them might make you more money, if people don't start using them to buy things the value is not going anywhere and bitcoin will just become an inflated stock taken over by an alt-coin that embraces spending.
it could be very useful as an off shore tax haven that can be stored in your brain even if the market decided not to use it as a currency. |
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I would like to buy 4000 NXT for 0.3 BTC
Please PM your Bitcoin address.
Thanks !
no need to pay me unless the order is filled. thanks tho. |
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definitely big whales
you dont need whales to move this market. a decent sized trout will get that job done. |
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there it is guys. all time high broken.
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I don't think there is inherently anything wrong with bribery its self. If the icecream man shows up and you bribe him with your dollar for some ice cream i don't think you have done anything immoral. So then the question is whether you are bribing someone into doing something harmful or not. That is where ethics enters the equation. Are you bribing someone to give you an ice cream cone or to off your wife?
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