@joefox - would you please elaborate on your previous statement of "you can't control this" ?  

I understand that the EXCHANGE FEE will be NXT.  Is there any way to limit things so ONLY NXT can be used as PAYMENT FOR THE ASSET ITSELF?

Why would we allow any other competitor coin to be used in asset payment on our own system?

I have exposed uncertainty and confusion.  My job here is finished.  Please continue clarifying, and bitcoinpaul, I HOPE YOU ARE RIGHT!

Why would we create a platform that allows our competitors to gain ground at our own expense?

Stupid question time.  Soon we are going to go live with asset exchange.  When we do, will NXT be the preferred (or even only) currency to use in purchasing an asset?   Is it even possible to do something like this?

I really worry about Bitcoin or even Litecoin or Doge being used more than NXT itself as a form of payment for all of these assets that are about to be traded.  It just seems like we are missing a golden opportunity here.  From my point of view the ideal situation would be for all the altcoins to trade among themselves, but have AE force the use of NXT and not any other altcoin to purchase a tangible non-altcoin asset.

Letting another altcoin besides NXT be used as payment in the NXT exchange ecosystem is good because...

I am very curious about the results that are going to come from this.  When somebody states "I got X NXT", could you please also state the Mhash/sec of the rig you used and how long you ran it to get the NXT?

I suggest you put a link to this thread in your sig.

I would like for us to try and come up with a "NXT Mission Statement".

http://en.wikipedia.org/wiki/Mission_statement
https://www.missionstatements.com/
http://www.entrepreneur.com/article/65230
http://www.norcblueprint.org/uploads/File/Mission_Statement_Guidelines.pdf
http://www.fastcompany.com/1400930/how-write-mission-statement-isnt-dumb

From the links above:

"A mission statement defines in a paragraph or so any entity's reason for existence. It embodies its philosophies, goals, ambitions and mores. Any entity that attempts to operate without a mission statement runs the risk of wandering through the world without having the ability to verify that it is on its intended course."
 
I suggest two rules to this exercise.  

First, posts containing your personal vision of the NXT mission statement contain no elaboration, explanation or follow-on text.  The whole point of a mission statement is that it is short and self-contained, and is supposed to stand alone.

Second, say or post NOTHING about anybody else's NXT Mission Statement, only modify and resubmit your own based on what you see others write.

This is a brainstorming exercise.  We will probably end up with several variants of a mission statement.  This may help us identify and understand different "subcultures" in our community and who belongs to them.  

Or this may just be an exercise in futility, I dunno.

Here's a first draft of "My NXT Mission Statement":  

The mission of NXT is to become humanity's most widely used blockchain-based currency for the purchase of goods and services online.

Think there needs to be more?  This mission statement is a blockchain of sorts - add to (or fork) it!


 

I totally understand what you are saying here and have said what I think is the exact same concept myself here:  


This is why we MUST continue to focus on the 1.0 cryptocoin fundamentals AS WELL AS plunge into the no-guarantees-of-success-or-profit world of 2.0 cryptoexchanges.

This magazine is published in the town where I currently live, and I drive by their office every day.   What arrangements have you made with them for ongoing content?  Maybe I could provide some input...

+1.  This is a really really really good idea.

Drexme has repaid 25,962 NXT of NXT he stole (his payments are in the NXTcommunityfund audit spreadsheet in my sig) and by his calculation still owes 1167 NXT.  He is taking credit for 6471 NXT for some other transaction he did to get to his total of 33600 NXT.  I just tracked him down, I haven't followed the whole story so I don't know if he still owes 1167 or 7638.  Either way, it's been a while since we've heard from him.


https://nextcoin.org/index.php/topic,4054.msg39137.html#msg39137

Actually, as shown in the spreadsheet in my sig, I disbursed to him 48,500 NXT just a few days ago not for free but as legitimate authorized compensation for his very fine work.

Thanks for your vote of confidence in me.  I will never turn down a "stock option" in NXT, but I think there are a LOT of people that should receive a such a giveaway before I do.  

I think discussing / debating / arguing over who does get on a list of who gets cheap NXT if we succeed and who does not get on that list would pretty much start a war we do not need.  This would be another attempt to "reward" and "motivate" people to participate in NXT.  Implying we need this is implying our original distribution was unfair and our current reward structure is inadequate.  I think a better way would be for whales to step forward and fund private ongoing contracting of key personnel.  This is why CfB is here and what is happening for James and Salsacz now (I think).  I believe we should continue this by lining up both new whale support and new Java programmers.  

NXT is currently the only 100% pure proof of stake cryptocurrency.  If you believe in it, buy stake in it.  That's how NXT works (at least for now).  As Worf says, today is a good day to buy.

I second this motion.

I don't believe that approach would increase the outside world's confidence in NXT as a reliable 2.0 financial services cryptocurrency.

Asset exchange is a great idea.  Trading anything attached to a colored coin is a wonderful new capability.   My concern about asset exchange is that altho NXT HAS to be used as the transaction fee AND the colored coin, it DOES NOT HAVE TO BE THE ASSET ITSELF that is being traded.  So it is entirely possible that a SMALL AMOUNT of NXT will be used in trading literally MILLIONS of Bitcoins and DOGE back and forth, and these will be attached to 0.1 NXT colored coins shuffled around by 0.1 NXT transaction fees.  I am afraid a guy can go to Cryptsy to buy ONLY 100 or 1000 NXT and trade for YEARS shuffling around MILLIONS of Bitcoin and Doge.

In one sentence:  The introduction and use of NXT AE does not necessarily mean the creation of significant buying pressure and upward prices on NXT currency itself.

James, there's more issues than nodecoin and that's what's being referenced here.  Salsa and others are pushing to rent out space in parallel blockchains to store data/files/entire websites and this has nothing to do with nodecoin and everything to do with creating bloated blockchains.  


I've given up saying negative things on nodecoin.  Now you say nodecoins are like airline miles.  OK, we'll talk about airline miles.  From the airline's point of view, every time somebody got a flight on a jet using airline miles, that was a seat they made no money on.  It was good for the guy that got the airline miles, and bad for the airlines.   The more people accumulated airline miles, the more there was a big overhang of "free service" (ie LOSSES) that faced the airlines.  As a result, the airlines have all devalued the airline miles.  They are "worth" a LOT less today than they were when somebody first thought up the idea of "let's give out airline miles!".   So are nodecoins an NXT killer?  I'm not saying that anymore.  But if you want to compare them to airline miles, you'd better do some research into just what happened with airline miles.  It's not a pretty story for the airlines.  

http://www.smartertravel.com/travel-advice/with-frequent-flyer-programs-keep-up-or-lose-out.html?id=4325925

http://www.businessweek.com/articles/2013-12-20/travelers-find-fresh-reasons-to-sue-their-frequent-flier-programs

Sorry about making less and less sense, these are crazy times.  

I don't believe anybody is working on TF right now, and certainly not blockchain pruning.  I know Jean-Luc isn't.  CfB is wrapping up and going to move on to whatever he thinks is more important to work on than NXT.  Everybody says BCNext/Ukigo has totally left the project, so HE isn't working on it.  THere's NOBODY ELSE doing core dev work, which is why HIRING / RECRUITING MORE OUTSIDE JAVA PROGRAMMERS (rather than dangling bounties in front of insiders) is the most important thing to do with the techdev fund.  

We were going to release open source code on April 4 in honor of that date in the novel 1984, but we've released open source a month early so THAT's not a big date anymore.  NCNext was going to release the "3rd part of the plan that explains TF" on the same date, but with him gone and open source out, I don't know what the hell we're waiting on or even if that will be released at all or if it will make any sense / difference if we do get to read it.  I can go back to numerous posts by CfB from less than 60 days ago saying April would be when TF was turned on and NXT would hit 1000 TPS and blow everybody out of the water.  Somewhere along the way that got dropped and I can't seem to get anybody interested in discussing why or how to get it back on track.  The time warp synchronization of many blocks to speed up transaction time is not magic, it's theoretically possible, but hard, requiring a lot of thought and discussion and understanding of network dynamics much more so than code.  TF is the main distinct advantage that NXT possibly could have over Bitcoin, yet nobody seems interested in it.  

These days we're all about giving away nodecoins and pool mining and NXTopia multi-user games and trading boobies while dropping the NXT user fees required to trade them.   My statement that we are ignoring the cryptocoin 1.0 fundamentals of NXT to our detriment stands, and I feel like the Ancient Mariner stopping the Wedding Guest to say crazy things over and over again  ( http://en.wikipedia.org/wiki/The_Rime_of_the_Ancient_Mariner ).   We ask people to support NXT but they (1) have a devil of a time logging into it (which admittedly Wesley's client is addressing), (2) stupidly lose it when they don't understand how important a 35 char passphrase is and scare off 2100 other potential new users with their tweets (3) get frustrated when they finally realize that PoS means they can't accumulate significant amounts of it for free, and (4) if they overcome all of the preceeding, can't spend or use NXT on anything in the Real World, as they increasingly can with Bitcoin.   So naturally we are moving right on to step (5) which is the whales are dumping it (and I've gotten private PMs from some of them saying nobody acting on what I'm saying as being one of their main reasons why) and nobody from the outside is left to pick up the slack and buy it at a rate that keeps the price up.

Despite all this I do not regret my decision to invest big in NXT and I am HODLing.  Probably all the way down, just like the Ancient Mariner in the whirlpool.  I am relatively new to cryptos and after much research I am still convinced that NXT is a technically superior product to Bitcoin in many ways and will ultimately take on many of its roles.   We have talented people doing incredible work.  We have flaws we are willing to acknowledge and work on and fix.  Most of all we have a coherent community - but it is smaller and more fragile than you may think.  We only had 250 people vote on our committees.  We had a recent study that did a very good K analysis on our account structure and conclude we've only got 800-1000 true users holding what would be considered significant and usable amounts of NXT.  

This is all great, even FANTASTIC, for a cryptocurrency that is only four months old.  But we must not forget Gordon Gekko's  famous words from "Wall Street" - You done good, but you gotta keep doing good.  What we have accomplished in four months teeters in the balance over what we will do in month five.  Or month six.  Or seven.

What is our next big accomplishment we are going to announce to trumpets and fanfare?  Cryprocurrency 2.0 Asset Exchange?  OK.  Forget even arguing about the relative number of people who want to trade OTHER coins among themselves while speculating instead of trade NXT coins for goods while shopping.  Somebody tell me how the intro of NXT AE will cause a sustained upward trend in our coin price and market cap.  The way we've got it structured, a guy who buys 10 NXT from Cryptsy can get as much use from the NXT AE as a guy that buys 100K NXT, since we've dropped the  price per transaction to 0.01 NXT and are pushing nodecoins and not NXT itself as the main draw to trade on the AE anyway?   AE DOES NOT GIVE ANYBODY ANY REASON TO BUY A LARGE STAKE IN OUR PROOF OF STAKE CURRENCY WHEN THEY CAN UTILIZE ITS PRIMARY AE FEATURE WHILE OWNING VERY LITTLE STAKE.

So...what's next after AE?

If somebody can come up with a better plan that a return to actually focusing upon and implementing TF / time warp / block speedup / transaction capacity increase, let's hear it.  Those were the things that were exciting about NXT in the beginning, the things we talked about much more than Secret Twitter and Secret Internet on parallel blockchains, the thing that represents new tech we have to offer over Bitcoin, that offes a huge improvement by PoS over energy-wasteful, slow, inefficient PoW.  

Change of topic.  If NXT is serious about becoming bigger than Bitcoin, we need NXT whales that are cashing out to use their cold hard cash to set up a legally incorporated NXT-fiat exchange in the United States by getting money service and money transfer licenses in all 50 States - STARTING NOW.  This will take time and cash and plenty of both.  START NOW.  Etherium started down this path and blinked and are now moving to set up shop in Switzerland to avoid this hassle.  This leaves NXT an opportunity - START NOW.  This is the only way to get as big as Bitcoin, which is vulnerable and reeling from the arrest of Charlie Sherm and his failure to do this right ( http://time.com/1892/bitinstant-ceo-charlie-shrem-arrested-for-alleged-money-laundering/ )  Anon's proposed NXT-silver exchange is an interesting experiment but it is an attempt to get around having to play the big boy game for all the chips on the table with cold hard raw cash.   IF NXT is the future of Crypto, we have to step up to the plate.  Or the soccer net.  Or whatever the right sports metaphor is.  

Most of all, we need people to come up with a way to have a guy with a cellphone to buy a candy bar with an app that is backed by NXT.  And lots and lots and LOTS of websites and storefronts that say "NXT accepted here".

If all of this, or at least some of this, doesn't make sense, well, I don't know what else to say.

No prob, I just tweeted him volunteering - I will let you know if I hear anything, thanks for posting the heads up he was looking for contacts.