+420 on the Dow. wow, somebody's happy about something!
i'm staying clear of that thing.
Most people made a bundle from the Fortune 50 this year, including myself. Bitcoin was my worse performer, however I believe now is the absolutely best time to invest in crypto. Bitcoin tends to dwell in the doldrums for a while, shaking people's beliefs and weeding out the weak, then skyrocket. |
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Thanks I have an amazing idea for a coin and had no idea how to make one so I will be on top of this one for sure  Cheers Mate  Make sure you read the documentation on the different options for coin creation, it allows some very interesting scenarios. Thanks Mate I will be for sure to do that No worries, definitely recommend testing on Testnet if you can, that way you can be ready to launch your coin when it goes live. |
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Thanks I have an amazing idea for a coin and had no idea how to make one so I will be on top of this one for sure Cheers Mate Make sure you read the documentation on the different options for coin creation, it allows some very interesting scenarios. |
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Very interesting concept.. Nxt is still searching for its niche in the crypto world, with so many features its bound to find one soon!
That's a very good point. I think the success of Nxt AE has filled a void but I expect MS to really take off, it's an original BCNext idea. |
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This is going to be the most interesting Nxt feature thus far, truly unique and a thousand possibilities. Can't wait to try it out (updating TestNet client)
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Great opportunity to buy some NEM Where can you buy NEM? In the Nxt wallet, like every asset. You can buy any Nxt Asset with BTC directly using SecureAE; NEM, Jinn, Sia, SuperNet, etc... |
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i can tell you're a newb.
most of us in this thread bought well before 2012. sorry dude.
Yeah, unfortunately I spent most of my pre-2012 BTC on pizza  |
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The more people are paid in BTC for services, employment, etc. the higher the price of BTC will go.
They have to be paid in BTC, and they have to save in BTC. Otherwise it won't work. Yes, exactly, if they are paid in BTC, save their BTC, it will create an extremely scarce market. If I can dodge a LambShop for a second (becoming increasingly rabid of late I notice), this is exactly what all the 'permabulls' see as being almost inevitable. Eventually everything will be in BTC. Then the USD/BTC price becomes irrelevant, apart from roughly what it was just before everyone went full crypto. 5 years ago nobody could even imagine a world where money was anything other than what it currently was. Fast forward and there is a massive groundswell of people who now see what it could be. You either see it and panic you are too late, or you don't see it and think you can make a few "oldbucks" off the rubes by out-trading them. Call me a rube, I'm going all the way. Once it resumes its uptrend above the last ATH I'll skim as a hedge (even though my gut tells me not to bother, my math tells me I should) [thats my "full disclosure"] Still one the most insanely +EV binary bets I have ever come across. I agree, although I don't know if it's inevitable. When you start to see companies paying their employees in BTC, then you should really hold on to your precious BTC. |
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The more people are paid in BTC for services, employment, etc. the higher the price of BTC will go.
They have to be paid in BTC, and they have to save in BTC. Otherwise it won't work. Yes, exactly, if they are paid in BTC, save their BTC, it will create an extremely scarce market. |
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Every person who sells their productivity for Bitcoin and does not immediately spend what they earn is contributing to that ~$1.3 million/day requirement.
This will be the key to a major price spike in my opinion. The more people are paid in BTC for services, employment, etc. the higher the price of BTC will go. |
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That is a sad anecdote Adrian, but one that I think points to just how horrific the current debt-money system is. Hyper-financialization of basic goods required to live has resulted in massive debt payments that must be paid before anything else, including food.
When central banks enable free debt and leverage, it raises the price of everything people need to live, right up to the level where the public can just barely afford interest payments.
Take housing for example, without mortgages housing would be much cheaper and affordable. However with all the free leverage (30-45 year mortgages, ARMs, interest-only terms, 3% down, etc), the price of housing rises due to people bidding with leverage until no one can afford any higher interest payments. Same is true with education, health care, etc., these are all examples of necessary goods bid up due to hyper-financialization of the economy.
What is evil about this is it creates a form of debt-based serfdom for everyone. Where before your average person could save and buy a house outright in mid-life, today people can "buy" a house earlier in life, but then are locked into large debt payments that extract a significant portion of ones lifetime income potential. And there is no way to opt-out of this system, even if you choose to rent and not buy, rent prices go up with housing.
Debt serfdom is exactly what it is. We are all required to pay a significant portion of our life's labor to banks to support debt payments for basic goods that would never be priced so high without the free leverage offered.
So here we are today, where families skip basic food for children because they have to make the mortgage payment, school payment, healthcare payment, etc. It is scarily similar to the feudal system where people had to pay a portion of their labor to work the land to the people who inherited that land, now we have a system where people have to pay a portion of their labor to financial institutions to people who inherited financial wealth. The mechanism has changed, but the result has not.
Sorry if this is too negative or OT, comes from reading ZH for many years.
Well explained and so very true. Just look the quotes from Chenault (AMEX CEO) on the Coindesk article. Home ownership has become a consumer nightmare, rarely does one pay off home debt anymore, they just upgrade based on income status, never obtaining ownership and perpetuating the cycle as you described. One thing we can all count on is that we always repeat our financial mistakes, and each time the consequences are worse. This is why I believe Bitcoin will be successful. |
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It's definitely a blockchain.info mistake. It's like Malleability, which is a bitcoin flaw only if a service provider doesn't take basic precautions, which makes it the service providers flaw. |
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Its starting to become very obvious that multi sig is a smokescreen for the fact the team can't produce a working client. Come clean guys, we will respect you more. (though thats not difficult)
My client has been working for several weeks without an issue. Perhaps you need a lesson on how to run the client? |
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25% allocated to devs  stakes going to development does not mean to devs pockets.. I'm not sure of the actual break down but I wouldn't think anyone will end up with any more than around 2-3% at most and if there is anyone who gets that amount it would probably only be the devs but they would be completely deserving of it after working on nem full time for close to a year and taking into consideration what they have produced. I don't think anyone would disagree wwith me on that.. Ps. Devs won't launch with out multisig ether so that funds can be held in multisig accounts. Very Near zero risk of theft. The devs should have the largest stake, besides all of their work, it keeps them motivated to improve NEM. |
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I have a 100MB internet connection though, but it took almost 4 hours to download the NXT blockchain. I have used blockchain.info wallet and that shit is working like a magic compared to the NXT client.
Dude, really  I hope you know the difference between Nxt core client and a web based Bitcoin wallet. That's like saying, "I have used Coinbase and it works like a charm compared to BTC-qt" Anyway, I would ask for your money back if it takes you 4 hours to download Nxt blockchain on 100mb connection. |
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I think raising the fee to that amount is a mistake, it's too high. I would say 5% max.
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The lime green font color on the forum is nearly impossible for me to read, especially when it's over grey. Edit: everything else looks great. |
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This matches the terms of the crowdfund, giving the crowdfunders exactly the fee portion that they have paid for.
It doesn't mean people will like it or anyone will support it. You may just alienate much of your beta userbase and community. I think you overestimate your network effect. |
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