How has this thread stayed in the main BTC section for so long?  The OP uses an altcoin name, in the title no less  therefore it should be banished from the sight of all BTC users to keep the forum pure. I thought they were the rules? "No mention of altcoins around bitcoiners"  |
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Peercoin counts I think. Not sure if the POW side was new but the POS using coinage was ground breaking at the time.
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Pro tip: the Nxt price speculation thread doesn't have any price speculation in it it is also not the longest thread, but it is our general megathread that could one day be bigger than the original 2600+ pages of the old, anything goes megathread. You expect no one to read your links, reminds me of someone else on here.. |
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How do you know the transaction went to all nodes? Won't the chance of forking increase drastically over time if you can't be sure all nodes have come to concensus?
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BTC gives you near certainty at 60 minutes.
XRP's at 10 seconds.
The Ideal Reserve can do it in 500 milliseconds.
Is there anything faster?
How can a transaction propagate across the globe and be confirmed in 0.5 sec? |
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even NXT now, some people are reporting, is taking hours to load. Or BTC which is exponentially growing in size and already is too big / too long to load).
Links? Or is this more baseless FUD? |
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Bump testnet try outs still available |
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As another scenario, if you actually could get 50+% of miners to agree to a scheme like this, why wouldn't you just have them start mining their own blocks and not including any blocks from other miners? They could maintain the longest chain at no cost to themselves, and once the difficulty drops substantially due to the blocks from the other 45% or so of miners not being included they would effectively be almost doubling their income (in BTC) at no cost. That would give them massively more than a couple hundred BTC.
Interesting. Any ideas why we don't observe this right now? I don't think anyone answered this |
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Since my last suggestion went down so well...  It is assumed BTC will add sidechains at a point soon enough (less than the 1-2 years eta?) to add capabilites that are available today and still be relevant. |
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Of course I could exchange NxT for BTC on an exchange than buy counterparty assets. The point is that with bitcoin it is easier because their is less fees and it is simply one step.
Who would have thought that you cherrypick the case where you want to buy a bitcoin exclusive asset with Nxt! Your case: NXT -> BTC -> BTC exclusive asset You "forgot" to do the same for the opposite: BTC -> NXT -> Nxt exclusive asset Please tell me how bitcoin is simpler and costs less fees in this case You are wasting your breath |
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Moving the goal posts I see. First it was claimed that Bitcoin has no decentralized asset exchanges. Now when I have cited multiple dead, unlaunched or otherwise unusable examples it is claimed legitimately pointed out that those don't count because they aren't as good quality [surprise surprise! ] of an exchange or that nxt gets exchanged behind the scenes indirectly [and this is "bitcoin's decentralised exchange" you refer to?].I think we are done here, there are only so many ways I can show you are not fighting fair. You raised an additional topic of cost, but this are exactly what you encounter when using secureae! You pay BTC and Nxt fees + part spread in the trade, as you would if you converted Nxt to Mastercoin to use their exchange. They are exactly the same example These are considerations outside whether BTC has a decentalized exchange or not. Bitcoin has no decentralized exchange of its own, it only piggy backs on the single successful one (Nxt) and the rest you listed are unlaunched or no volume > Unusable and a waste of time mentioning. I would be interested to hear others take on your claims of "I can exchange BTC for Nxt, therefore that exchange is bitcoin's decentralized exchange". It is incredibly bizarre to me. Then Nxt Asset Exchange is also Counterparty's decentralized exchange and vice versa. |
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P.S why would you invest in scams or recommend anyone else to do so? I agree people should stay away from most of the assets. Just do you research, look at longevity so far, how the issuer has behaved, consistency of dividends etc etc and make your decisions. There are some solid assets out there that consistently deliver. There was a vote of the most highly regarded assets... I'll try to find it. Edit: https://nxtforum.org/general-discussion/(vote)-what-are-the-top-5-most-promising-assets-to-hodl-for-the-long-termTop 5 Nxt assets by community vote (%): Supernet (18.1%) Jinn (9%) JL777Hodl (7.7%) NxtVenture (6.3%) Instantdex (5.3% MMNxt/Debune (joint 5th with 5.1%) |
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So you allow BTC > NXT, or BTC > XCP as giving you access to all the market assets. But Nxt has to stay 'trapped' because you won't accept Nxt > BTC, or Nxt > XCP or even Nxt > [Hidden BTC] > any other crypto to buy assets? But you will allow the same when talking about BTC. Is this hypocrisy or just being disingenuous? Nothing needs refuting. If crypto x has a BTC pair, then there is no reason you can't claim it has all the options available to it as BTC does so your definition makes the whole discussion pointless. Any claim for one crypto can be made for all. BTC has nothing in the same category as Nxt's Asset Exchange, except maybe Nxt's Asset Exchange If you want to make Bitcoin appear great by piggy backing on the backs of the alts it hates so much, be my guest. But you know this isn't what NZMiner meant when he said BTC had no decentralized exchange. It doesn't. Only in the sense that "BTC can be exchanged for everything so has access to every asset" you are trying on might it stick. But any crypto with a BTC pair can make the same claim. The fact is Nxt AE is in a category of it's own right now, even supported by BTC when it is piggy backing on top of it. |
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It is a fact that Bitcoin has more flexibility and volume to trade assets in a decentralized manner. This is one you have already conceded to because of Bitcoin can be used to invest in any NxT asset through http://www.secureae.com/ and all the other decentralized exchanges like - https://blockscan.com/tx which don't work with NxT. You realize BTC is converted to Nxt in secureae to make the purchases? If you want to take that loose, indirect definition then fiat has a decentralized exchange as it can be converted to BTC that is converted to Nxt (or fiat to Nxt directly on CCEDK.com) to buy assets on Nxt AE. Nxt can be converted to BTC so blockscan.com is as valid an exchange as secureae is for BTC So your definition dilution has lead us to a useless situation where all crytpos and all fiat and gold/oil/pigs (as they are convertible to fiat) all have a decentralized exchange in Nxt's secureae/asset exchange. You're reaching Nxt has it's own decentralized exchange that is widely used and has no other peer that is close to it right now. You can say BTC can be converted to Nxt so it has a good decentralized exchange in AE too if you want (you call it flexibility) but every other crypto can make this claim and has the same flexibility. All the BTC based decentralized exchanges you listed are either unlaunched, alpha or no volume as they concentrate on one asset only that few people care about. And you'll need a different set of software (or at least different account) for each asset you want to trade. Again, Nxt has had $300,000 worth of decentralized trades in the last 30 days and 42 different assets have been trading in the last 24 hours >> http://nxtreporting.com/assetcap.phpAll from a single, integrated exchange accessible from one wallet interface. I think you might be in a minority of you still contend BTC does decentralized exchange better than Nxt (and that is without even mentioning multigateway.com) Who comes close to this right now? |
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Th point of my post was to show that bitcoin has plenty of decentralized exchanges and to disprove the FUD that gets repeated by NxT fans. You did a poor job of making this point. You can set up as many websites as you wish but if their is nothing to download or not order book/volume when you do download, then their value is close to zero. It is clear Nxt is a superior decentralized exchange platform than Bitcoin in terms of volume, choice, traded assets, speed and convenience. While BTC having "no exchange" isn't technically true, having "no useful exchange" is undisputably so. |
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Do you guys trade mgwbtcd? I am trying to give up centralized exchanges  |
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