I must say I admire the Quark community for sticking with it.

It deserves to start going up in value again just for surviving if nothing else. I sold most of mine ages ago but kept a little bit in my wallet address. I think I'll dig it out again and might even start accumulating again if it's the case that it looks like having a future.

Sellwalls mounting.

Miners starting to dump. Bid-ask spread has now closed to 1 Sat but no new buy orders for 12 hours and all exchange traders are waiting for each other to blink first.

Nobody knows about this amazing new coin.

Spoetnik's [FACT] promo which poped up on the bitcointalk top 20 radar for a day has now sunk beneath the waves & blockexplorer still crashed.

Need some promo. I've contacted Mintpal and asked them to put it on the voting list.

....and me please

Isn't backing a crypto with gold a bit like backing up a machine gun with a pea-shooter ?

All your doing is selling gold - and not even physical gold at that. Why don't you just open a shop and sell actual gold instead ?

Why would the value of TXC rise above that of gold ? And if it's not expected to, why isn't the physical preferable to the crypto proxy ?

I don't see TXC's advantage in avoiding capital gains tax over any other investment, e.g. stocks, shares, commodities or gold. You avoid capital gains tax as long as you don't realise any investment to fiat. What advantage does a crypto have here (e.g. over gold ETFs) ?

Not trolling, just curious. There may well be valid answers and I might have mis-understood this project.

Thanks.

Well you're not the only one apparently because nobody's getting any at 4 sats anymore on the exchange 

Walls starting to go up. (Well more of a floor than a wall really).

400 million JPC demand now on the order books. That's nearly 6 days mine for the whole network.

Surely this doesn't matter if your wallet is open and contains all your coin addresses ?

0.01% of 1 big balance is the same as 0.01% of lots of smaller balances as long as they add up to the same amount.

The problem with the QT client is that it tricks you into thinking they're all in one address when in fact they may not be. As soon as you send even 1000 JPC out of your wallet the balance of your account will be sent to change addresses and will no longer be in the place you originally sent it to.

You need to use block explorer all the time to verify where they are (or do an address dump from the command line).

Block explorer seems fairly f*ckd.

http://explorer.jackpotcoin.info/chain/JackpotCoin

+1000 !!

We do NOT want to be seen as thinking we're the next bitcoin.

Bitcoin and NXT occupy very different spaces in the cryptoeconomy and can happily co-exist. in fact all 2nd gens can happily co-exist. It's bad marketing anyway to dis competitors rather than promote your own benefits.

ok. thanks for clarifying !

Do you mean 24 hours after the Wallet is launched ? i.e. according to this statement:

Could you elaborate on that ?

When does POS kick in ? I don't see anything about it in the specs (page 1 of this thread) except the staking interest rates etc.

Also, do we need to have our wallets running to "stake" ?

Jeeeeeeeeeeeeez.

I cannot believe the speed of withdrawals off Allcrypt.

I hit the withdrawal button in my browser with the QT wallet in another window... 4 Seconds ! and it's in the unconfirmed balance. 5 seconds after that it's in the confirmed balance.

Fastest transaction I've ever seen.

When I try to launch the Mac wallet on Mac OS 10.6 it just crashes immediately.

Yes. It's more or less been on a sustained downtrend since it hit Cryptsy on March 2nd.

That's not a problem in itself. The question is how do you account for it ?

I've accounted for it and I'm buying 

It didn't trade on Cryptsy until mid March and at that point had just hit one of it's highs because of the launch of the new "Offspring" client wallet.

Prior to that it had traded at lows of 3000 Sats and even 1000 going back to December.

Furthermore, you might have had a point if the price declines had reflected fundamentals in the project, but they do not. They reflect the increase in liquidity that's now available at the lower levels which has allowed early holders to realise much of their holding which they were unable to do before. This is in fact major progress believe it or not since it's getting the currency "out there" in larger amounts and mitigates the "distribution problem" which NXT bashers never fail to remind people of.

I think that even if the price dropped another couple of thousand sats, it wouldn't affect many of the holders since they're more interested in product development than price speculation at the moment and that is more than meeting expectations right now.

That's not remotely correct.

The exchange rate started in the low thousand satoshis. Since then it's oscillated between 3000 and 12000 satoshis depending on fundamentals - i.e. whenever there's been a new phase announced in the NXT technology network then the price has gone up.

We are approaching just such a phase now, so the price has started to rise and the market depth has turned around to the upside.

That's what I base my statement on.

I don't know about what he's dumping but he's certainly buying the right one. (At the right time).

No it doesn't. You just buy it at the going rate. End of problem.

Thats what I did.

I don't buy the idea that you're alluding to that "initial distribution" is an issue for NXT or any other POS currency - at least not an insurmountable one. There have been as many advantages to having some big initial accounts as disadvantages. For example, the coin got off the ground for a start which it probably wouldn't have otherwise. Secondly, the development effort was capitalised by much of the initial issue and this has lead to things happening on time and more or less according to the specifications envisaged at the outset.

As a previous poster remarked, NXT is now becoming spread out - at least as successfully as some other established cryptos. And anyway, if your that worried about initial distribution you shouldn't be in cryptos at all or any widely investment for that matter. The asset can end up in a few people's hands even though it doesn't start out that way and vica versa.

What matters is how much you've got, not what everyone else has got.

All of these networks and technologies have massive potential. As far as "2nd gen's" go, there isn't going to be one which "wins" and others which "loose". Currencies - maybe - but once we're into the realm of things like network services and asset exchanges your talking about sectors which require and accommodate diversity.

This is just the start - there will surely be a growth industry around this type of technology and everyone will have their "Overtstock" moments.