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+1 to Msin.......our volume is rolling up nicely, price too.
There's a hell of a lot of good stuff happening on and around NXT right now, and even though the current state of crypto makes me want to cry into my beer sometimes, NXT is still a bloody amazing system.
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@patcon: Your idea of NXT as a complex, consumer oriented combo product is pretty wide of the mark, being honest. You could describe SuperNET in that way, as it is intended to be a 'one stop shop' for a lot of current crypto functionality, but NXT is a much more basic platform. So basic, in fact, that NXT is used as part of the underlying SuperNET structure. NXT is a completely open-source, decentralised and non-corporate crypto platform, giving users a suite of powerful tools that allow them to create pretty much anything they can think of on the NXT blockchain. I've heard it described as the Linux of crypto, and that makes perfect sense to me......independent, open, sometimes tricky to use, but very powerful. Anyhow, do your own research and figure it out for yourself: Supernet: https://bitcointalk.org/index.php?topic=762346.0NXT: Initial BTT thread: https://bitcointalk.org/index.php?topic=303898.0Current BTT thread: https://bitcointalk.org/index.php?topic=587007.0Main NXT forum: https://nxtforum.org/index.phpUseful sites: http://nxter.org/ : http://nxt.org/ |
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I would say that if a dev is trying to create a simple currency, ie one with little to no inflation/deflation/stagflation/insanely complex structures then, no, a deep understanding of economics isn't really necessary for a dev.
However, if you're trying to create a more complex system (I'm thinking BitShares, or NeuCoin as examples), then you will need a deeper understanding of economic processes.
Best way to get that deeper understanding may not be that coding devs absorb this knowledge themselves ,but that they can consult economists, or have an economist on the team.
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Yep....NXT is designed from the ground up to support (non-crypto) business applications. We have indeed seen a few scammers, but there are also a lot of good legitimate projects using the Assset Exchange: http://coinmarketcap.com/assets/If you like, drop me a PM, I can catch you on Skype and we can discuss how your project could work out using NXT. BTW, NXT has just launched the Monetary System, which allows the issuance of subsidiary currencies running on NXT's blockchain: https://nxtforum.org/monetary-system/The MS isn't as mature as AE, but is working well so far. |
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Ripple at the first place...  Really nice joke there, you think they can handle the centralized crap they generated ? Manipulating the price won't enforce your success in the future Ripple. If you look carefully, you'll see that the available number of XRP seems to have jumped by almost 50% during C-f-Bs journey into the future. |
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@bitcoinjesus2.0:
Taking your points one at a time, the purple bits are mine.....
the world is beginning to wake up and realize that the only fair distribution method is the old school bitcoin POW launch.
The launch method where the earliest adopter gets all the coins ?
Look at the early BTC distribution, even today the BTC distribution could never be called 'fair'. And lets not even get started on fiat distribution........
For it is the launch method that makes a coin a Bitcoin2.0.
IPO coins cannot be called Bitcoin2.0 by definition.
I'd prefer to define Bitcoin 2.0 as being systems that allow extra functionality within crypto-currency, above the simple store/transfer functionality that BTC offers.
The launch method has very little to do with this definition. I'd prefer to use the term 2nd generation cryptocurrency, instead of the almost meaningless Bitcoin 2.0 tag.
XCP & NXT are awesome, I just don't see where they are going to get the money to grow their company to the size of bitcoin.
See, NXT is not a company. Not corporate at all. NXT is open source software which provides a platform for crypto applications.
I can't tell who the main forgers are, or what they are spending their money on.
The main forgers will be spending their forging revenues on coffee at Starbucks. Forging is not a way to get rich off the back of the network, it's a way to support the network and cover your costs for running a node.
I prefer the fiscal transparency of BitShares where all paid delegates are communicating to the public exactly who they are, and what they are doing with their mined coins. If NXT told me who the top 100 miners of their coins were and what they were spending their paycheck on, then I'd increase my NXT stake 10x.
Again, you assume BitShares level of income from running a NXT forging node. Forging is not designed to bring in a serious income.
Some of the big forging nodes, btw, are community funded and their revenue goes into NXT community funds. Dont assume that because you see a big account, that this account is a single entity belonging to a single NXT whale.
Who is paying these guys, and how much are they making? How much of the IPO money is left in the company safe?
Our best paid devs are getting 50,000 NXT per month from NXT community funds. There is no IPO money, because the massive sum of 21 BTC that was raised for the initial IPO of NXT....welll, it didn't go very far. NXT is currently funded by donations from stakeholders, and by the community fund (which consists of the unclaimed shares of NXT left after after the initial distribution)
The lack of transparency keeps investors away. Wall Street craves transparency. Wall Street likes quarterly reports that most companies hate to file and give. But BitShares gives continuous financial reports! So I know exactly how much money is coming in and who gets it, and what they are working on. And if I think that they are making too much money, then I fire them!
Again, NXT is not a corporate business. No-one can get fired. We don't have quarterly reports.
If a business or government wishes to use NXT, they can get all the transparency they need by just asking.
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`Distributed to all who grow utility and value`
Yep, nothing like a line of complete gibberish to give a professional first impression.
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Heres the main ACH thread on NxtForum: https://nxtforum.org/assets-board/%28ann%29-%28ach%29-altcoin-herald-now-available-as-an-asset/msg95925/#msg95925And here are the two best pieces about it from ACH themselves: https://altcoinherald.com/ach-now-available-nxt-secure-asset-exchange/https://altcoinherald.com/wiki/index.php?title=ACHAs you can see from the Wiki piece, next dividend payout was scheduled for 31/01/2015. Dividend Payments
Dividend payments from revenue generated will be paid on a monthly basis and will be disbursed to Asset Holders of record.
Dividends will be calculated as 40% of our gross revenues. Dividends will be paid two weeks after the operating period ends. The first Dividends were paid on October 17, 2014 and will reflect the operating period of October 1 to 15, 2014. Dividends will be calculated every two weeks after that. And paid within 1 to 2 days of the period ending.
Operational expenses will not be counted before dividends are calculated. Our operation expenses are minimal and our experienced team remains committed to frugality.
Our main priority will be to provide investors with a safe and steady return on their investment.
The ACH asset should be returning a dividend of 40% of Altcoin Heralds gross revenue, though that revenue has probably been hit badly over the last months. It is therefore incorrect to think of the ACH asset as being backed by 1 NXT. One ACH cost 1 NXT on issue, but the backing is the expected value as a result of revenue from the Altcoin Herald business. |
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Hmmmm......think your marketing boyz should recognise that your 'favourite troll' is actually responsible for raising BTS' profile on BitCoinTalk in the last few weeks. And, as the old saying goes, theres no such thing as bad publicity. Not to mention that he may have a valid point or two...... Anyhow, all this is completely moot, because now that Stan has come out in favour of puppies for BTS, I have an announcement to make: NXT! We love kittens more ! OK. NXT wins. Obviously. Hmm, that seemed almost too easy. |
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Start here: https://bitcointalk.org/index.php?topic=927144Joe200 has done a good job on creating a 'probably not a scam' short list....... For the rest, you are very much on your own, so trust no-one, do lots of research, and don't throw your investment cash away on the first Bitcoin-killing, to the Moon, 1000% profit in 2 weeks currency that someone offers you.....there'll be another world beater along next week.  |
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Always makes me wonder how two supposedly same people can have such a different view.
Hope you don't loose any money
Good luck pal
Lets take the Schrodingers Cat approach: PayCoin could turn out to be either a monster scam, or a legit project dogged by early mistakes. We won't really know for sure until we open the box and have a look inside. Personally I think it's the wrong method to regulate a Cryptocurrency at all because you have millions of dollars in costs for all legal, trademarking, paying employees, body guards etc.
Really, you don't need any of that at all. You can get the same end result without spending a dime and with a complete free market approach. the heart of what runs a Cryptocurrency is the protocol level itself and just a few people updating some stuff here and there can have a secure and thriving network without needing to spend millions of dollars on litigation.
You are right though, Josh needs to make good on his word otherwise he's done. I do think it's poor planning on their part to put themselves in these situations in the first place when you don't need to but hey it's definitely interesting to follow a Cryptocurrency trying to get regulated hard by the government.
Much agreement from me, I'm not a big fan of corporate/centralised cryptocurrency initiatives. |
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It seems to me that every time Bitcointalk goes down, the exchange rate goes up 20%. The effect is clear. We should make sure that Bitcointalk goes away and never comes back.
Strange, but true.... |
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Er...yes.
ShapeShift only needs your blockchain address for payout in your chosen currency, and obviously they will be able to see your sending address.....but thats it.
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The following comment makes a bunch of what seem like fair points about what's keeping crypto from being more widely adopted. How would you address this criticism or how are developers planning to address these? --- http://www.coindesk.com/bill-gates-bitcoin-alone-wont-solve-global-payments-challenges/#comment-1812123320"What advantages does Bitcoin (or any other crypto-currency) bring to consumers? I can use a credit card online / offline much easier and cheaper then I can BTC. With Bitcoin you have to go through the hassle of acquiring it (not to mention fees), then a couple cents to send it to the merchant (miner fee). The best part is waiting for the confirmations... My most recent BTC transaction took over an hour to receive a single confirmation. Say someone manages to steal my Bitcoins, or I accidentally send them to the wrong address. Oops, they are gone forever. So now I also have to worry about and spend the time to secure my funds. With a credit card I get paid to use it (through rewards points, not carrying a balance), if a thief manages to steal money from me I can dispute the charges and get my cash back. Transactions are instant and painless, no need to go through multiple steps. I have been with Bitcoin for nearly three years now, I actually understand how it works. Its not an efficient system. Look up Ripple if you want to see a system that could actually work in our society and not some fantasy land" ---- King Willie has a few good points here, especially the simple question of ytf someone would go to the trouble of acquiring BTC, only to spend it 10 minutes later. The most important thing we can do now to push crypto adoption is to allow/enable people to get some/all of their salaries paid out in BTC or another crypto. Confirmation times don't help either, in Bitcoins case. I can see BTC being usable (in its current form) as a means of transfer for larger amounts of money, but as a retail solution BTC is pretty much unusable, unless you use a (centralised  ) 3rd party payment processor, which kind of defeats the point. |
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Shapeshift: https://shapeshift.io/#No account needed, no coins stored on their servers to run away with, no KYC.......  |
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What age are you? You sound as if you've never lived in the real world with real responsibilities.
Socialism is all very fine until you run out of other people's money to spend.
Buy hey, if NXT techies want their currency to be the currency on Zealand, best of luck to them.
Lets start off with a quick eyeball roll: How do you get socialism out of my post ? Or compulsory taxation......you seem to be reading something else, mate. Here it is again: [/quote] So, whatever happened to the concept that crypto could make the world a slightly better place ? NXT is giving everyone the abillity to create advanced (or simple, if ya like) financial structures and systems using crypto, without needing to ask anyones permission or to go through any form of vetting process. Would you prefer that these tools are restricted to the 1% who control pretty much everything else? [/quote] See.....not a single mention of or reference to socialism. What I'm proposing there is much more akin to anarchist philosophy: give everyone access to the tools they need to control their own lives. I've been around long enough to see (and participate in) a lot of technology driven social, economic and political change. I've seen exactly how tech can affect societies in far-reaching (and often unexpected) ways......crypto has the potential to change the way the world of finance works. I'd like it to be changed for the better, but if you want to put your faith in the current status quo and the 1%.......don't let me stop you. And lastly, oh, badly informed one, you want to explain to me wtf ' Zealand ' means here ? Is it: New Zealand the country, Zeeland the Dutch province....or maybe Sealand, the slightly crazy dude who lives on a flak tower ? http://www.newzealand.com/http://www.zeeland.nl/http://www.sealandgov.org/ |
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I'll vote for Eamorr as not a sockpuppet.
He's pretty clueless about NXT and crypto in general, and has a very touching faith in Ripple.
Still, he does like NXT a little bit, except on the days when he's accusing us of being a bunch of barefoot hippies.
In short, he doesn't really fit the profile of any of our 'proper' trolls, unless they've decided on a much more low-key approach.
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The problem is: someone is gonna get f***ed over.
They always do, in any pump and dump scheme.
The slow, badly informed and innocent end up holding the bag, while the early adopters/pumpers/scammers walk away with all of the cash.
You can try to justify it anyway you like, even try to claim that it will be some kind of Darwinist filter that will make crypto stronger, but it's still nothing more than stealing from the weak and gullible. I think we have enough of that already, tbh.
On a slight tangent: if all the energy that goes into figuring out and setting up crypto scams was actually put into legit (or at least semi-legit) business, I wonder how far that would move crypto forward.....
Edited for typo....
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BTT is a pretty unforgiving environment, but I like it that way, mostly.
If a project is BS, or has any weaknesses/issues at all, you can be sure that the BTT community will point it out. Loudly and often.....
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