You misunderstand: VHS had the porn industry! That's why it became to be used by many people  

Betamax actually missed the boat on that one.

Dangerous metaphor, because Betamax was actually better, but remained relatively obscure due to VHS having

a) the porn industry
and
b) better marketing


Not implying that porn = better marketing by the way.  

My expert view on the last week:



 

You are asking me questions I don't have an answer to yet

Both projects are still modelling things for their IPO's according to my info.

The things we are discussing right now will probably influence the form they will take.

If all goes well, RHOS should come with a definite plan soon, though.
The game may take a bit longer to prepare as it will need some more time to set things up correctly

RHOS (Robin Hood Of Sound): http://www.rhosmovement.com/?lang=en

and

Nxtopia: a game built on top of Nxt. (https://bitcointalk.org/index.php?topic=474535.0)

Thank you for the most useless post of the day.
Coming into a thread, and not even adding something with content, but immediately starting with a personal attack on one of the person who has worked the hardest on this project.

Well, great! Just great! Do you feel like a big man now?

James, I've said it before and say it again: big respect for the fact that you put your money where your mouth is. I appreciate your efforts enormously and find your work ethics a joy to behold.

I sincerely hope you will be able to load up your battery again and have fun in your creating again.

Two whales dumping part of their coins.
Even the biggest account is joining in on Bter with 1,3 million

I believe nodecoin was exactly conceived as that. James can correct me if I am wrong.
It was conceived as a solution to a problem that we were and still are grappling with, which is why it ticks me off that James is getting so much flack for it.
He made something to try and solve a problem. I think we could at least appreciate that.

Be that as it may, and at the risk of sounding like a record: it's not just nodecoin that is the issue. What about AE and the fact that we have this option at all?

I think going about this is just where the thinking goes wrong. Again, not attacking, but trying to illustrate a point.

Your post reveals a possible weakness in the NodeCoin idea: great.
But why does this need to be solved community wide?
That wóuld make NodeCoin a problem for Nxt.

If coins get created by a user, it's also up to the user to make it work, in whatever way he or she pleases. If that solution isn't good enough, the coin dies and fades away.
If not, it's viable.

Trying to shoehorn it into Nxt places the responsibility for it where it shouldn't be and opens a big can of ugly worms.

The creation of these coins is an open and free option. If it is truly so, then the execution of it should be the responsibility should be the creator's.

I am fully convinced that people can come up with a way to have the NodeCake and eat it.

I can make NodeCoin look good or bad, take your pick  

Seriously, it depends on who you want to attract.
NodeCoin is, as I see it, made to do what people know from mining.
We already know that the mining model "works" to incentivise people.
What we don't know, if NodeCoin does this, too, but as far as I can see, it creates the same "buzz".

As far as I can see, it would work, for now. I, and I expect no one else, can really not predict what the repercussions in the future are or what effect it will have for Nxt in general.

As I said, though, I don't think NodeCoin is the issue at stake here at all

I want to make clear I am not attacking you or anyone.
I just am trying to clear up the discussion by getting it off the specific issue of "NodeCoin".
This seems to be far wider than one specific instance.
So, is this a Pandora's Box?


I repeat my question about Pandora's Box

I will not state pro or against, because it is not the fundamental discussion.
If we are going to engage in that kind of discussion, we would need to do it for each and every coin someone wants to create.

And who would judge? Another committee? "The community"?
Which community? The one here on BCT? The one on nextcoin.org? The one on nxtcrypto? Reddit?

The fact is that the genie is out of the bottle and this isn't something you can "vote" on.

The discussion is not about whether or not a particular implementation of a feature is good or bad, but the fact that apparently we are now seeing what this particular feature does.

Regardless of the whole NodeCoin discussion, this ís the heart of the problem with this discussion at all.

If Nxt has this possibility, it precludes the option to second guess it.

This coin is built on top of Nxt, and this function is there. Others may think of things we cannot imagine right now.

I posted this a few pages ago, but there is nó way we will be able to predict what will happen, because in Nxt everything affects everything. That is what it being a system means!

I find it a bit strange that James is being accused for doing what Nxt allows him to do. The fact whether this may or may not be ill advised is not the point.
The simple fact is that he does what is a fundamental possibility of Nxt, which is to add to it.

The discussion has focused on NodeCoin because that is what has been made now. Will we indeed have this same discussion with every single one of the hopefully hundreds of coins that will be created in the future?
Because that will not be possible. This is something that is there, and it's a given. I think it's a bit late to start having second thoughts about it when someone has worked literally weeks on something and has reported faithfully on what he has been doing.

It's not as if this was sprung on us suddenly.

Bloody big thanks to both of these awesome people!
Thank you very, very much! 

I am on reddit daily, and answer where needed. Fortunately, we have some active Nxters that do, too

I'd gladly have you there, too. Just give me your reddit nick and we'll set you up as a moderator

If people want to help out, they just need to contact me here or on reddit and I can give them moderator powers, if they are willing to be there at least once a day.
There is not much to do at the moment, but we steadily gain subscribers.
I have frequently asked for technical people to help out, as that is what is needed the most there. People post questions about errors, and we cannot always handle those, but we send them to the forums.

Also, unrelated: I am rather surprised no-one posted this yet: https://github.com/dmkaplan2000/nxt_state/blob/master/nxt_state.md

Good read, posted on the nxtcrypto forums here: https://forums.nxtcrypto.org/viewtopic.php?f=2&t=867

The problem here is a confusion of definition.

We have a complete system, and within that system a coin (token) exists.

BUT, the coin was launched first, and lots of people *know* coins, because the first example and comparison was always Bitcoin.

Now we are trying to explain that it is bigger, without having a very clear view of how the complete system will work and interact.

This is what I see when I see the discussion on NodeCoin: actually, we don't really know what will happen.
We can speculate, some more founded than others, but basically just don't know.

The fact that is ís an ecosystem means that every part influences the whole. That makes it extremely difficult, because everything we add now has repercussions all over the board.

I think this is what a) scares people who want to see their investment pay off (and why not!) and b) pisses off people who just want to do their projects but keep getting flack

Just want to make known that my small preview of the Asset Exchange and Wesley's client already entered the Top Ten of best viewed articles on my blog.

This is why I don't totally buy into the negative feelings
There is a whole community outside of the this forum that is also interested in Nxt, but has no truck with the intricacies that we discuss in here.

No problem at all: but for all intents and purposes, you are not mainstream
(And that was what the question was about )

My view has already partly been made when I said that the "community" gets asked for its opinion *beforehand* too much instead of being asked for opinions based on actual products. So that's my view on our development cycle: hampered by a skewed view of decentralisation.

Second: I do not believe mainstream people will use Nxt.

Did that get your attention?  

I go a step further and state: most people do not use the internet.

People use Google, Facebook, Wikipedia, but they do not use "the internet".
They have no idea what "the internet", and even more: they fear "the internet" and they look strangely upon people actually involved in anything more that using a search engine or a simple email. I am sure most of us know that already.

In a similar way, I do not believe the mainstream user will ever use Nxt: they will use the services made possible by Nxt, whether through the infrastructure or through well-hidden implementations of Nxt tokens within another system.

Having had to explain "Nxt" to several "normal" investors, the first thing you notice is that they *do not care* about technicals and want to keep their users as far away from them as possible. They will never, ever put "this system uses Nxt" on their product. Forget it. The term "crypto" is too associated with crime and drugs to ever be used in any serious advertising.

We delude ourselves if we even think that Bitcoin under that name will be used. it won't: people are extremely afraid of it, and it doesn't matter one bit that this isn't true or not.
That doesn't mean that Bitcoin will be useless, it will just never be mentioned.

As far as I know, Nxt still functions in every way described. AE, DX, AM etc. are all features it has. Investors that I have spoken to see this value, and one has even bitten and will use Nxt (details to follow). However, will most people use Nxt? No, they will use his system "powered by Nxt".

The confusion comes in a large part from the way it was named at the start: as a coin. That name for what is actually a "token" used to operate on the Nxt system is misleading.
It does point to the value however. In the second part of the TF paper, it was called a token, too, and I think it's a good designation.

Recap:
1. What is Nxt? An ecosystem, encompassing all the features already described, to which the "Nxt" token grants access.
2. Will it be used by mainstream users? As a coin: no way. But then again, the same goes for all cryptos that call themselves openly cryptos. As an underlying infrastructure: hell yeah! It has more than enough potential for that.
3. Is this different from what we were told? I don't think so, but in my previous post I have already established that the same facts may lead to wildly divergent conclusions.
4. Am I blind to the tough times we are having and the lack of direction: nope. I just don't think it's an honest assesment of the four months of work and effort we have put in. Being "headless", this is nót unexpected at all.