Thanks mom.

Asset Exchange is very slick. Better than Nxt's best client.

If the developer of the web wallet reads this thread:

Very small editing error thing, but when I went to convert BTC to XRP the pop up box reads:

In order to do things with Counterparty, your address needs to contain at one confirmed "unspent output" for each action you want to do (e.g. send, create asset, etc).

I believe you want this to read "at least one confirmed"

Thank you.

That would be great. I created a new account and an address: mzYjg5uEgzQ8DBMi31UUZ4Js4czNbMFLps
Appreciate your help.

What I'm wondering is if it's a mined coin with transactions handled by BTC block chain
or do the transactions get verified via proof of stake or some other way?

Cool so many great replies. I saw the wallet looks a little complicated to set up, but I can't imagine it's much more complex than
Nxt's wallet. The new online webwallet coming out seems almost exactly like a Nxt brainwallet.

When the online wallet launches tomorrow does it work standalone or do I need to have things installed on my computer for it to work?

I've also read you need to install bitcoind. I've always used Multibit for BTC so I don't have to download the blackchain.
Do I need to have bitcoind to use counterparty?

Also, is counterparty considered POW or POS?

I just sold 98% of my Nxt holdings this week because I see too many problems with it and Nxt community here at bitcointalk is full of knuckleheads who basically ran me off for asking technical questions. I don't know much about counterparty but I've heard it's pretty cool
and does more than Nxt. Can the community here help me get started?

This is my last post at this forum.

I'll give 200 Nxt to the person who catches me posting here again and shows me this post. If someone tells lies about my motivations again or mischaracterizes what I've asked or said I won't be able to defend myself. You call can read and decide for yourselves who the asshole was here.

I've now said my piece. I am clearly not wanted here. I hope that all you potential investors here read through my questions and continue trying to get answers if anything I have written here makes you wonder as well.

As for right now i see Nxt is built on sand and there's huge problems regarding whether or not POS can work, at least in this implementation of it. Read BcNext's 3rd plan and read between the lines against the context of the questions I have been asking.
 
I hope they solve these potential problems with leased forging or node-coins or whatever. My assessment is that none of these problems will be solved anytime soon so theres plenty of time to watch the development and buy in later if they start to get their shit together.

Sayonara geeks. See you on the moon.

Someone slowly injecting 7MM into the Nxt market would not be that shocking. It's to be expected if it is successful.
Sure people would get rich as the price rose, just like with Bitcoin.  That's not the point at all. The point is that it's POSSIBLE. if it's possible then smart people will know this and will not invest.
It will never take off because there's too much risk that the networks growth will also be it's demise.


At .20 per Nxt it would still only amount to $52MM dollars. Leveraged buyouts cost way more than that.

Yet he regularly replies to emule. I have drawn conclusions about his not answering people who have real questions.
He clearly doesn't give a shit about clearing up misconceptions, if that's in fact what they are.

You can call me whatever you want. I'm not even talking to you. I'm hoping to get through to the little guy out there who is reading this forum, thinking about plunking down a large chunk of their salary down on a technology that is being misrepresented in it's marketing and that possibly has huge technical flaws that no developer is willing to answer questions about or clear up. Read the 3rd part of BCNext's plant. It goes right to the heart of what I am getting at.

I think there's a reason C-F-B released that on April 1st. You're all fools if you can't see that it clearly says Nxt is built on sand.

7MM is not that much money. That's a fucking paltry sum to be able to take down Nxt. Some guy at Goldman Sachs could wipe you out just to give Ethereum an edge. 7MM would be a cheap investment for something like that.

You've basically answered me. Nxt is EXTREMELY vulnerable and built on sand.

I'll be gone pretty soon don't worry.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM

This is what I want to know. In a nutshell.

If a Malicious person is able to acquire 260MM Nxt (current cost around 7.5MM to 10MM) by using pools or whatever can they bring down Nxt?

How likely is this? It seems possible to me. If it's possible, even if it's unlikely, then Nxt is built on sand and I would not advise
anyone to base their business around it.


C-F-B or Mtchcl (maths guy) could shut me up for all time by giving me a definitive answer here.

Yeah, I'm trying to destroy Nxt. That's why I invested in it. It's people like you who convinced me to stop. I was never into dogecoin but you people could learn a lot from that community.

You guys love emule because there's no substance. I'm the worst person in the world because I ask uncomfortable questions you don't want to face up to.

My understanding is that 51% of ALL stake needs to be running open clients AND be good guys. Are you saying that it's only 51% of all
open running clients that need to be good guys?  

In this case if 50% of ALL stake-holders were shut off, then 25.1% of the the remaining stake could bring down Nxt? That seems even worse.

Not if the people who hold that percentage Nxt are all small stakeholders (wide distribution) who don't bother to run open clients. Then you've got a security problem.

The problem is also that if 50% of all stake is not "forging" (running open client), the network will be vulnerable to attack. If Nxt becomes too widely distributed it becomes a big problem. The network is self incentivized to stay more centralized with a cadre of very large stakeholders who will protect the network. Meanwhile these large stakeholders will get all the forging rewards.

Nxt should just come out and say don't bother forging unless you have 100K Nxt. The big shareholders will protect you.
That's not what the marketing says.

150 ppl holding 150 Million is not half of a 1 billion. You need 351 more millionaires to protect the network.
can there never be pools with Nxt? Everything that's going on today is not what will be going on tomorrow.

My account number is below. I ran an open client 24/7 from the day I opened it,  had over 23K a large part of that time and never forged a single block.