i stopped following nxt closely, but last i checked ms currencies would stay on the nxt child chain and not become their own child chains. has that changed?
also assets can be global, but don't have to be global. issuers can decide afaik.

i was around when they were made, sadly i am not one of them.
most of the original stakeholders probably cashed out. not sure if he was one of them, but the last whale cashing out was 'LSUM'. i think his dumping ended at the beginning of this year.
there is still one around. he is posting on the nxt forum occasionally and iirc proved account ownership via token. https://nxtportal.org/accounts/4747512364439223888

where are you going with this?

the nxt asset exchange is not in the best place right now. a lot of assets are losing value due to the 2.0 proposal. unless you can convince nxt holders that their return will be greater than what they expect from 2.0, i don't believe you will be able to raise significant amounts of funds there. if you want to issue an asset do it via http://nxtcrowd.fund/. its a centralized gateway for nxt assets to tap into btc liquidity. you'd probably have to contact coinomat on the nxtforum.

unless someone is part of his scam, how would anyone know if hes back? microcash is going to end like everything else he touched. sadly as long as a couple of guys can make profit, bad intentions or a scam history are irrelevant.

i think a lot of people are getting out, because they don't trust the devs to act in their interest. it started with api changes, not engaging in discussion (e.g. asset/asset trading or smart contracts) and now 2.0.
2.0 could be great, it will be a platform for businesses to run their private chains. it could play out nicely and everyone holding nxt might get paid big time.
for me personally the point i started selling my nxt was when at least 10 people (including coinimal and coinomat aka businesses using nxt today) on the forum were asking for asset/asset trading to be implemented. this move could have improved things by adding btc liquidity. you could literally not even get a stance on the matter from the dev team and with 2.0 its clear that they are aiming higher. its ambitious and bolt to screw with the eco system like that. the main issue i see with it is, and its i think another reason the price is tanking, is that there is so much uncertainty that nobody in their right mind will use nxt until 2.0 is released and working. this is only going to get worse after the snapshot, which currently seems it will be taken soon: https://nxtportal.org/polls/12536280419851201672
its costing people money and its the devs fault, by failing to set the tone for major changes like 2.0. maybe their way of setting the tone was making unnecessary API changes for people not to get too comfortable and stop building things. they actually never formulated any vision other than dropping hints that they might not follow the bcnext roadmap.
the far better choice would have been to make a new coin (i know *yawn*). i ask myself why they opted to make this with nxt and the only reason i can come up with is that they sit on a huge stack of nxt themselves and they want to make it worth something by any means.

i do want a few fnxt tho, so i will hold some nxt on the snapshot date. price wise its probably going to go down until a date for the snapshot is known and approaching. its good for anyone new wanting to get in. just dont hope for a quick buck.

turned out to be a bit of a rant, sry

its not all talk or brainstorming. jean-luc already said its going to happen. the only thing for the community to decide is to follow ot not to follow. its no wonder everything else is/was pumping, but nxt.



~ 1 year for the coin to split. however the snapshot to determine who receives what will be taken at another time. there is currently a vote:
https://nxtportal.org/polls/12536280419851201672

actually its not unlikely that if you buy now you will end up with three times the coins. once on the 1.x branch, and two times (nxt and fnxt) on the 2.0.

better not touch anything from realsolid

so is this an example on how to ruin a forum?

no new nxt will be generated. they will stay at ~1 billion. if the 1:1 distribution happenes  as proposed ~1 billion fnxt will be created and awarded to all nxt holders.

afaik how many TPS the fnxt motherchain can handle is yet to be determined. its not that important. the TPS increase comes from the the childchains, since those will be pruned its possible to have bigger blocks without having a bloat issue.


so all transactions on a childchain are bundled into a single transaction on the motherchain.

disclaimer: all this is how i understood the proposal. its not necessarily 100% correct. i might have gotten something wrong.


the community has not decided on a distribution method for fnxt yet. the most likely scenario is a 1:1 fnxt to nxt distribution. there have been arguments made that nxt as a childchain will lose at least half its value with unknown consequences for asset issuers and asset holders. asset holders funds are locked in an illiquid market, so they will end up with less fnxt. there are arguments beeing made that this is unfair, as those who used the platform and tried to make it flourish will get less than those who just hold.
there are also people who say nxt as a childchain will die, because the platform will be filled with business childchains and nobody is going to pay the fnxt for the nxt childchain blocks (see bottom for explaination). in that case your current versatile nxt token is lost and you end with a token that is only used for forging.

there are some more arguments against it being made, i can't sum them all up. there is a very long thread over at the nxtform: https://nxtforum.org/core-development-discussion/nxt-2-0-design/


no. btcd and vrc are not nxt childchains.


i dont understand. supernet is a seperate project, its not part of the nxt core.


assets are created on childchains. you need to pay with childchain tokens (for example nxt) to issue an asset. fnxt is the forging token on the motherchain. fnxt is used to secure the motherchain and all childchains via PoS. forgers on the motherchain will receive fees for that in fnxt.
while all transaction fees on the childchain are paid in childchain tokens, fees for a block to be included in the motherchain have to be paid in fnxt. those fees will be paid by someone, e.g. a childchain forger or childchain creator (e.g. like a business)


its the token on the nxt childchain. you can buy assets, buy stuff on the marketplace, write messages etc.


the current nxt chain is split into a mother chain and a child chain. a market will emerge where they can be freely traded. nxt will remain a token. fnxt will be used ONLY for forging. fnxt can't do anything other than forge and beeing transfered from one account to another at very high fees, since transactions on the motherchain can't be pruned away and therefor need to be rare.

i think 2.0 is cool, but it comes at great cost. i think nxt won't be the same after. the nxt sidechain could die, or only survive at grace of the fnxt holders. i already see a 1.x branch fork and a community split coming up. a lot of past effort will end up wasted and the platform activity might slow down or come to a halt until after the 2.0 fork.
i just got to come to terms and shake off that some people i have come to like and appreciate might get burned.
from an investor perspective its awesome.

i think that is 'Riker', also part of the dev team. i think his previous nick was something like 'lyaffe'. he recently changed his nick on the nxtforum to go in line with jean-luc, in a star trek sense
jean-luc is anonymous as far as i know.

yes i completely understand your points


some (retarded) _community members_ (not devs) have suggested to exclude inactive accounts from the proposed 1:1 nxt/fnxt distribution. i'm completely with you on this. its not acceptable and i would never support anything like that. i don't exepect that to happen. it would not just damage trust but also cause a community split. in that case nxt would deserve to die imo.
the other matter are darknxt, which could present a security risk, so i'm partial to the idea to exclude those. darknxt are 'dead' nxt, only protected by a 64 bit public key. they are for example nxt sent to wrong, unused accounts by accident.

i wrote this in my last post:
businesses are also users, so i agree, they should make changes with more care!

however lets not forget something: nxt is as decentralized as it gets. there is no financial backing by venture capital or companies, its independant, its not organized like any other crypto. there is no hierarchy. communication isn't streamlined. besides the downfalls i kinda like it like that.

in regards to business using nxt, yes we need more. thats why 2.0 was proposed. companies can spawn their own child chains without worrying about poor distribution, coin shuffling, or their users getting lost with the overwhelming gui. they can hand pick what features they need. for example they can keep it simple with token transfers only and they are on the safe side because those APIs will not be subject to major revisions.

the complete proposal is here: https://nxtforum.org/core-development-discussion/nxt-2-0-design/
important to note is that this is an ongoing discussion

the proposal has up and downsides. i agree that the asset market would take a hit, but i think that most likely only the bad assets would not recover. solid projects would. i'm not happy with it at all either. if anyone has any ideas on how to make a transition 'fair', please go ahead and suggest.

one thing i would completely disagree with is that nxt is in its 'death throes'. the proposal is there to keep nxt on the forefront of technology, thus to ensure its future. the proposal will enable scalability (and flexability) other cryptos are only dreaming of. to grasp the importance just take a look at the current bitcoin discussion about 1mb/2mb blocks.

i personally think that the dev team is not taking the needs of nxt users into consideration enough. this also goes in line with the API changes for no good reason. these problems have been there in the past and i think there was a 'mediation' job for a while to better communicate things. if i'm not mistaken that position is currently vacant and it would be a good suggestion to fill that spot again with someone capable.
the positive side of this is that nxt core development has been going at an amazing pace. features have been added frequently, just recently coin shuffling, data cloud etc etc.

i think fatalism, like yours johnny, doesn't help at all. instead we need to discuss. and yes i read your idea and it has been cross posted on the nxtforum for others to read.

first of all 'nxt people' is wrong, as its a single person. he abandoned nxt long ago, when he moved on to crypti. so nxt was abandoned by berzerk. a forum mod, not a dev, not anything. i know it comes as a big surprise to you, but guess what, it survived! and just as a sidenote: i'm certain berzerk is still holding on to his nxt.

real world usage could be better, but its definately not non existant, like you're trying to suggest. there are a couple of companies utilizing nxt. compared to other 'altcoins' nxt has the most active forum there is. abandonment looks different to me.
in terms of technology: i suggest you install the wallet and see for yourself. its years ahead of anything else. but ill bite. why do you think nxt is a 'technological dead end'?

imo your post is a very poor attempt to mash lisk and ethereum copy and nxt together. whoever is paying you should invest his money in smarter people.

you're mistaken. lisk is a fork from crypti.
one of the guys is a mod over at the nxtforum, going by the name 'Berzerk'. he has not been very active since he joined the crypti team and he is in no way involved in development and never was.

https://blog.lisk.io/olivier-and-max-leave-crypti-to-establish-lisk-3fd60eb0808f#.cni9o2q48


what makes you say nxt failed? failed at what exactly?

nothing killed nxt so far and lisk won't kill it either.

i think there is an installer for windows now, which might have made things easier. on linux you still need to run a server in a terminal/console, which you then access via localhost in your browser. if you're not fimilar with linux and such its very odd, i agree.
Lots of the nxt features are a bit rough to use, because they really are core transaction types with a basic gui. I think the devs were hoping for plugin developers to take over and make them user friendly. i think eventually all these things will come.

hint for devs: altho nxt is written in java, plugins can be written in many language, such as php, c/++, python. with the asset exchange its also relatively easy to get funding, if you have something good in mind.

yes nxt is pos, but you don't get interest on your holdings. you gather fees by contributing to network security. the process is called forging. similar to mining, when you forge a block you get the fees of all transactions in that block. you need a relatively large amount of nxt to forge blocks regularly. i'm not sure how profitable it is at the moment, but the margin is small! the plus side of this is that nxt has no inflation.

you can also lease your balance to a forging pool, so you don't have to have your wallet open. could make things more profitable. check nxtforum.org or google, i'm not up 2 date on forging pools.

35 characters absolutely advised, maybe they made it mandatory. you need a safe password for nxt!

proofknuckle seems to be working on a new mac wallet: https://nxtforum.org/alternative-clients/%28mac%29-updated-nxt-wallet/100/

i would call it alpha status, from reading the thread.

e: love the lambo, marc!