Account 474...888 has been forging for quite some time with 50 million Nxt, and it's not like he's increased his supply much. It's a non issue in my opinion.
the P/E will improve considerably over time. Most of the blocks are empty and that will certainly change... it has changed with the release of the AE. Hypothetically we can continue to add features until we reach some kind of capacity limits on the block chain. -bm |
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they do forge BLOCKS and they get the TX FEES as payment for doing so. So the NXTs only circulate from USERS to STAKEHOLDERS via transaction fees.
it's quite different than Bitcoin.
-bm
I understand that but, assuming they havent sold a single coin, a guy with 50 million would have considerably more than 50 million nby forging right now, right? well yes they can sit on their stake and just rake in the NXT in tx fees. As it currently stands the profits are pretty low, but as the software features build out there will be exponentially more tx fees thus the NXT stake will be worth far more. For instance currently many blocks are empty. As usage increases, those blocks will have TX fees which will be gathered by the NXT stakeholders during the forging process. It could have a massive compound effect as features are built out in the network. -bm |
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but many more continue adding coins by forging massive amounts
no the total NXT in circulation does not increase. The money supply is constant. -bm So those people with 40-50 million coins, they don't forge more? they do forge BLOCKS and they get the TX FEES as payment for doing so. So the NXTs only circulate from USERS to STAKEHOLDERS via transaction fees. it's quite different than Bitcoin. -bm |
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but many more continue adding coins by forging massive amounts
no the total NXT in circulation does not increase. The money supply is constant. -bm |
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That is with a forging pool or big Holdings. The forged blocks with next pos are not proportional distributed. So a 1000 nxt forging will receive less than average
The official P/E ratings will be available soon with some background on the computation. There are some complex considerations. There is not a strictly linear relationship between asset holdings and returns. -bm |
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Thanks for The pool suggestion guys.
What I'm wondering is, assume you have 1000 NXT and you solo -forge; what would be the average numbers of transactions you would get and how many NXT you would actually earn?
Rough numbers would do more then enough.
Thanks in advance :-)
Edit: Forging for a day, I mean.
in a day = 0 in a week = 0 in a year = 0 in 10 years = 1 Nxt Ouch! I'm a total pos newbie but I was expecting something like 0.1% annual interest or so. This seems something totally different compared to pos coins Jl777 calculated 0.38% per annum currently.  LOL that's better than some American Savings Accounts.https://www.bankofamerica.com/deposits/bank-account-interest-rates.go-bm |
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how much return does BTC yield? does anyone know? pls post it here.
note: appreciation != yield.
-bm
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Thanks for The pool suggestion guys.
What I'm wondering is, assume you have 1000 NXT and you solo -forge; what would be the average numbers of transactions you would get and how many NXT you would actually earn?
Rough numbers would do more then enough.
Thanks in advance :-)
Edit: Forging for a day, I mean.
in a day = 0 in a week = 0 in a year = 0 in 10 years = 1 Nxt we are in the process of developing a P/E ratio chart. Should be out soon. I'll post here when it's completed. -bm |
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Is this cool? @all 100 k bounty from ideenfrische to the one putting the Nxt sticker to the posted position (naked & screaming loud).  -bm |
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This is how black money becomes white. Exactly right. Investments are for more than just percentage of profit. may i also add that this is how QE is efficiently infiltrating Bitcoin's blooming economy & at the end, banks win. until the banks run out of quantities to ease. -bm |
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Yeah, I noticed a lot of these scammers are probably just going to be wasting their nxt/money. This community is obviously a little lot brighter than your average bitcointalk user.
*Please, don't tell them* FORGE!  Haha! Good point. Bring on the fake assets!  NXT only insures the integrity of the ledger, not the value of the assets themselves. It is suggested that you thoroughly research whatever assets you choose to purchase. The asset descriptor(highlighted below) is completely indelible and cannot be removed or altered from the asset issuance.  Caveat Emptor.-bm |
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really glad my membership is in good standing over there.  -bm |
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I just bought this for $100. I now declare it's worth $500. This means I'm a brilliant businessman. -bm This is exactly what happened, and is still happening, with Bitcoin. Every single day, people pay $500 for something (1 BTC) that less than a year ago, everyone agreed was worth ~$100. Many assets appreciate and depreciate with time. Automobiles depreciate. Fiat scrip depreciates. Art appreciates. Cryptocurrency appreciates. That's what makes these things sound investments. you're missing something here. When something appreciates, it's MARKET VALUE has increased. I can't just declare it to be more valuable. -bm Honestly, this is no different than the companies around here that are making, say $500 in profit in 6 months and IPO at a valuation of $10m and still raise it all. People are getting stupider and assume that everything related to cryptos are automatically trillion-dollar companies just because we're talking about Bitcoin. As long as people keep making stupid decisions, companies will continue to be overvalued like this. I'd rather invest in Elvis collector plates than some of these outfits I've seen lately. -bm |
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I just bought this for $100. I now declare it's worth $500. This means I'm a brilliant businessman. -bm This is exactly what happened, and is still happening, with Bitcoin. Every single day, people pay $500 for something (1 BTC) that less than a year ago, everyone agreed was worth ~$100. Many assets appreciate and depreciate with time. Automobiles depreciate. Fiat scrip depreciates. Art appreciates. Cryptocurrency appreciates. That's what makes these things sound investments. you're missing something here. When something appreciates, it's MARKET VALUE has increased. I can't just declare it to be more valuable. -bm |
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I just bought this for $100. I now declare it's worth $500. This means I'm a brilliant businessman.  -bm
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Why Does the US Military Think Afghanistan Is a Terrorist Threat?
-bm
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I suspect this is more East v. West economic warfare propaganda. In the event of future hostilities in Ukraine, the US is looking to make a case for wiping away all debt owed to China (and Russia) because of its pro-Russian support. Notice Russia backed away from its aggression there recently? The threat of further sanctions against Russian investors and banks scares the shit out of the Russian elite (but not Putin). As always, money controls in the end. Can you imagine ALL of that debt being wiped away in one day? Both countries may be rabid, but they're not stupid. They've taken that democratic bait and now they're hooked.
Can you imagine ALL of that debt being wiped away in one day?yes the landslide default event is coming, and the upper-ups know this, the question is when and can they time it in such as way to gain advantage. -bm |
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"Pierce, a flamboyant former child actor"
-bm
There is some reason he wants to draw your attention.....see flamboyant cuttlefish for the answer. Xtib this space is just crawling with people like this. -bm |
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