So let me get this straight. Just to make sure we're on on the same page.
I'm refusing to believe anyone can be as thick headed as you. I will help you become a more reasonable person. I have made this my goal for the next 30 minutes.
Lets start from basics.
You think I made 4 different accounts. With usernames, Markus*(?forgot), whorehay, hotdogz, garicup. All with over 20-40 "activity". All with different IP's. All posted at different dates. Two of which posted to ask for coins AFTER you already called me a scum bag?
To an account - 6635869272840226493 - Which had 9 million nxt couple days ago, and now has 3.5 million nxt NOW -
JUST to steal or scam 1-100 nxt off you?
COMMON MAN. You REALLY cannot be THIS stupid.
give me a plausible alternative explanation. if you can do that than i will apologize. |
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In your Ripple wallet go to 'trade' and type NXT/ BTC. Next to it you will need to change issuer which you would input Peercovers address. The order book will appear.
In ripple "change issuer" appears for NXT and BTC. Do I enter the same public ripple address from peercover for each? I did this and the orderbook is empty. i figured it out. you need to go here https://peercover.com/#/simpleGateway and then click on the button that says nxt on the right side of the page near the top *edit* this is price now: 0.026*2.82/967=0.000075822 |
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I guess I'm pretty curious just what my notoriety is: 3936698813757214937
Thanks in advance
sr member = almost certainly high enough to get the cap for people that i dont know irl. it will prob be 100. |
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Ripple and the Peercover gateway takes a little getting used to.
Out of the three exchanges, it seems like the most secure option at the moment to me, though.
do you have a link to the peercover orderbook? Make sure Trade is selected in the left-hand side menu. It should be by default. Then select NXT in the right-hand side three-currencies menu. Scroll down to see the order book. xrp/nxt... that's ridiculously annoying. what on earth is an xrp worth. (that's rhetorical ill just look it up) |
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where can i see the orderbook?
I've moved a majority of my Nxt there. Sick of waiting up to 24 hours for expensive withdrawals on a dodgy attack prone site  In your Ripple wallet go to 'trade' and type NXT/ BTC. Next to it you will need to change issuer which you would input Peercovers address. The order book will appear. Don't have ripple. Was just hoping to see prices. |
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If you are serious about this, I think you should put a cap on the maximum amount of BTC that someone can invest via the IPO. This would prevent an early stakeholder from gaining too large a share early on, which could cause a problem by leading to too much concentration early on. IMO, one of NXT's biggest weaknesses is the concentration of NXT within the accounts of the stakeholders.
Overall, I think your IPO is fairer than NXT's was, and I'm watching with interest what you guys are doing.
doesn't work. people can simply make dummy accounts. |
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We just need new markets where we can buy/sell NxT.
I'm sorry for dgex, but this is just a bad joke.
There is NxtChg.com or that Ripple Gateway thing.  NxtChg.com probably will be a good option in few days/weeks. Still little volume. I don't like ripple gateway :/ Ripple and the Peercover gateway takes a little getting used to. Out of the three exchanges, it seems like the most secure option at the moment to me, though. do you have a link to the peercover orderbook? |
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where can i see the orderbook?
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i used them with no problems.
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Great, there should be no problem holding everyone's funds with a trusted escrow right?
I would be happy to provide escrow for mr neons. i second this motion. anon136 is a hero member who has been here forever and has tons of posts. You will gain instant credibility if you do this. If you dont its considered that you are a scammer Additionally i have held fairly large amounts of money in escrow for people. Check out my rep thread in my siggy. Also I have held very large amounts for people in this thread https://bitcointalk.org/index.php?topic=169670 |
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If you have two competing chains, how does the client software determine which chain is legitimate?
I will leave this one also to the programmer Nr2 for tomorrow if you will prefer a advanced explanation. yes that would be great. i would very much like to have a chat with the programmer on some of the more technical specifics. please send him my way. |
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Great, there should be no problem holding everyone's funds with a trusted escrow right?
I would be happy to provide escrow for mr neons. |
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Yeah, these kids will go far: Not the Java crap that NXT uses (with all the code in one file lol)
thanks for telling me about this. i definitely don't want to put all of my money in 1 basket so if other talented developers surface with the intention of copying the ideas of nxt with all new code ill definitely be investing in that. its the ideas that are important not the specific implementation. more competition in this space is definitely good. with that being said i already see some evidence in their post indicating that they may not really understand how decentralized networks work. anyway its all going to come down to how well they can answer my questions. |
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can you be more specific about how this works Every 1440 minutes the network will check how many nodes where online and supporting the network and reward 57600 NEONs proportional to the uptime of the nodes. how does "the network" check this. the node that authors the block surely must make the decision about which nodes have been running and for how long those nodes have been running. what if that author lies? how does anyone know? how could any node possably know about ALL of the other nodes. how can everyone be expected to know about all of the nodes so they can know to reject the chain if the block author is lying? |
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Op, Nice job copying verbatim a lot of the sections of my first post in Nxt's thread. Couldn't you at least write your own? lol I'll be investing in this for SURE!if they are qualified, talented and writing all new code from the ground up, i dont see any reason not to support more competition. now just to figure out if they are qualified and talented. |
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If you have two competing chains, how does the client software determine which chain is legitimate?
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8959754199519107545
THX
for christ stake |
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1815651635565258584
thanks
1 per person............................................................... does that really need to be said? isn't it obvious? |
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Hey Anon136... since you've posted your paper as a Google Doc, why not enable comments? You may get some good feedback and fodder for further discussion. I'll look into doing that. Though I'm kind of burnt out on working on it for now so I probably wont make any changes immediately even in response to solid criticism. |
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Grignon's understanding is not very accurate: Commercial banks can not create credit money without enough base money at hand
All they have to do is satisfy reserve ratio requirements. Usually that's about 10 to 1. And most of the time they barely satisfy this requirement. When a crisis hit, they can't create credit money to buy themselves out of trouble, since most of their money is checkbook money which can not be used to create checkbook money they cant use their own checkbook money but the checkbook money they hold on deposit for others is considered as reserve. Grignon is right about the interest part (ever expanding debt in order to pay back the interest), but the FRB part is not very clear. The reserve is always base money, which can be circulated and lent. The amount of base money limited the total checkbook money they can create By the way, if the interest rate are close to zero and there is certain level of inflation, then over time the debt can be reduced slowly due to lower and lower real debt, that is a way for today's system to cope with the shrinking period of economy, like Japan did during past 2 decades An extremely low interest rate and excessive money supply will be the norm for the next few years, good for bitcoin The first paragraph is exactly right. But if you think through the logic, you can never have a decrease in total debt, in nominal terms, with a posative or 0 interest rate, without introducing the variable of open market operations. For the debt to decrease in nominal terms you would need a negative interest rate again, assuming we do not include the variable of open market operations. I assume what you mean is that the growth in productivity can in theory outpace the increase in debt with very low interest rates? Do I have that right? |
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