Don't u think that 1 bil coins is a bit of a small number if they don't have decimals? Is there a way to implement decimals if there is the need for it? How can that scale at all if it gets more and more widely adopted?
There are 2 decimals, but not usable yet. Decimals could support the rise of the price per NXT as for now you have to pay 1 NXT transaction fees at least. Think about BTC would not be splittable... the price would never be $1000 |
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A user in the German thread is experiencing this:
Unable to load native library: Can't load IA 32-bit .dll on a AMD 64-bit platform
Any idea?
There are no .dll files in Nxt software. Download and install a 32-bit jvm ( Reference). He should have downloaded 64 bit JVM. Thank you. could you please answer my previous question about the functionality of the client? (what is happening in the bacjground when the java client is open?) |
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A user in the German thread is experiencing this:
Unable to load native library: Can't load IA 32-bit .dll on a AMD 64-bit platform
Any idea?
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I am reading about NXT a lot, but still can´t understand how the calculation and validation is working? Is my PC actually doint anything if I am running the client? Wht does it mean if I process a block? What happens in the background? (I would also try to summarize it and add it to the FAQ if I would understand that)  Could someone please answer this? As I understand it running your client helps confirm transactions, confirming transactions rewards you from transaction fees based on how many coins you already have (more coins, higher reward). But hw does the confirmation works? What is my client doing? |
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I am reading about NXT a lot, but still canīt understand how the calculation and validation is working? Is my PC actually doint anything if I am running the client? Wht does it mean if I process a block? What happens in the background? (I would also try to summarize it and add it to the FAQ if I would understand that) Could someone please answer this? |
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6i52TUGrYJK73SmqmLDLj4sfJifMVAcZte thank you!! I am trading this coin on btc-e, but without success so far. (lost a couple of hundreds $) Maybe with the lucky coin youīll send me  Keep up the good work to make my coins more valuable! |
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bTfS67EJha8JcwayHUYkAQk2NDRSpQohNi
thanks
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How about adding OTP Auth for sending coins? (should be optional) |
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Don't worry about distribution, it has only just started. The top holders will sell some of it eventually if the exchange rate keeps falling for some time, in the end the exchange rate will find a support level, even if it's 100x lower than the current rate. By that time the coins will be nicely distributed. The more important thing now is to build some infrastructure - fully automatic exchange would be nice, direct conversion to and from fiat would be nice.
But till that time our job, trying to promote NXT, will be worthless as people will get disappointed. It is the most important to get the support of the community! I also feel that the job is being given to the wrong people. Almost everyone I've seen actively promoting the coin are the people with almost nothing. McJavar, you are one of the most active, but the account in your sig only has 500 NXT. Either it's a pass through, or you're working for the benefit of people who paid waaaaay ahead. I bought 400k for 2 BTC (and was scammed for another 1 BTC). I really believe in this project, but the more I dig down, the more I see the problems  It's a really great project, and the software implementation is really great as well. It gets better every release. The problems are with implementation. The massive premining (essentially), the lack of early transactions for fees and the difficulty of buying in at all. Buy QRK then. Come on klee, it might be great for you having invested your money before most of us and now having a lot of NXT, but being rude and telling others, that you are a great guy, because you come along NXT when it was in the funding phase, so fuck all those little fuckers who are trying to get on boat now is not the way your coins will make you more $$$. Without the newcomers, you will only have some worthless numbers on an account where you can trade them with your early-adopting friends for nuts. No offense! Really not, sorry if it sounds like that, but english is only my 3rd language |
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Don't worry about distribution, it has only just started. The top holders will sell some of it eventually if the exchange rate keeps falling for some time, in the end the exchange rate will find a support level, even if it's 100x lower than the current rate. By that time the coins will be nicely distributed. The more important thing now is to build some infrastructure - fully automatic exchange would be nice, direct conversion to and from fiat would be nice.
But till that time our job, trying to promote NXT, will be worthless as people will get disappointed. It is the most important to get the support of the community! I also feel that the job is being given to the wrong people. Almost everyone I've seen actively promoting the coin are the people with almost nothing. McJavar, you are one of the most active, but the account in your sig only has 500 NXT. Either it's a pass through, or you're working for the benefit of people who paid waaaaay ahead. I bought 400k for 2 BTC (and was scammed for another 1 BTC). I really believe in this project, but the more I dig down, the more I see the problems |
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Don't worry about distribution, it has only just started. The top holders will sell some of it eventually if the exchange rate keeps falling for some time, in the end the exchange rate will find a support level, even if it's 100x lower than the current rate. By that time the coins will be nicely distributed. The more important thing now is to build some infrastructure - fully automatic exchange would be nice, direct conversion to and from fiat would be nice.
But till that time our job, trying to promote NXT, will be worthless as people will get disappointed. It is the most important to get the support of the community! |
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From Nxt BCE, we get that there are only 581 accounts as block 8303, which means there are only 581 accounts have some coins. So maybe not more than 500 people all around the world own Nxt.
Keep on trading, keep on distributing to get Pareto Optimality.
I agree, but there isn't much that people like me, sitting at 10,000 NXT can do. More of the top players, in the tens of millions, need to lead distribution. Only two of the top ten accounts have distributed any coins. +1 Problem is NXT are already worth too much. The top holders with 50 million are sitting on a theoretical 650 BTC according to dgex latest rate of 0.000013 BTC/NXT. Obviously the liquidity isn't there to actually get it, but still it will probably will make some of the balk at giving theirs away for free, even though its in their best interest to do so. When Ripple first came out they were giving out 50000 to tons of people here on bitcointalk just to spread the word. A similar thing for NXT would be great to spread the word and get things moving, however who would willingly give up that much now when that amount of NXT is about $715. Even giving out 1000 NXT to people will be off putting to them when the client tells them they can "mine" their next coin in 350 days. CFB is making great progress with the client, the biggest issue for NXT is distributing the coins. Yes, that´s what I am also affraid of the most, that because of the centralized funds, it will be hard AND expensive for someone to get in NXT.. It would have been a better idea just to keep 51% of the coins for example and give it to new users who sign up/register/do something to support NXT... It would be great if everyone would put some coins on an account and we would distribute it to the newcomers... |
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I am reading about NXT a lot, but still canīt understand how the calculation and validation is working? Is my PC actually doint anything if I am running the client? Wht does it mean if I process a block? What happens in the background? (I would also try to summarize it and add it to the FAQ if I would understand that) |
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Thank you 2 people for sending me Nxt for the creating the FAQ  I'm waiting for withdraw from dgex and then send you some coins too Thanks |
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Thank you 2 people for sending me Nxt for the creating the FAQ keep up the good work! I'll donate soon, even if you are one of the rich ones (400k).  lol \o/ \o/ \o/ |
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Thank you 2 people for sending me Nxt for the creating the FAQ |
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109 pages in 10 days flat !  That's something - no, the Nxt is something.  |
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Hi! Iīve made a short FAQ that could be added to the first site. Could you please re-write it and put in your thoughts/correct me where I was wrong? How do I start mining?You canīt. NXT is the first 100% Proof-of-Stake coin, which means that you will not be able to "mine" new coins. You get coins by processing transactions and receiving the transaction fees for them. Was NXT pre-mined? I see on coinmarketcap.com that the total supply is already at 1 000 000 000. Why?All coins were released at the genesis block and all those coins were bought by people, the so called early investors, who made the project possible by paying for the development, but there are still unclaimed coins, which will be distributed after going live if they remain unclaimed. The creation of the genesis block was fully public: https://bitcointalk.org/index.php?topic=303898.msg3652710#msg3652710So I have to buy coins to own them.. thatīs not so funny...If youīd like to own some BTC, or any of the other altcoins, you have to invest in mining hardware to be able to mine some coins. With NXT, you buy the actual amount of coins to start "mining". No additional costs, no mining hardware needed. And where can I get some coins? Can I get them for free?You can check out the Nxt Bounty Thread, the Nxt Giveaway Thread, the Nxt Buying / Selling Thread or simply go to DGex.com to trade BTC for Nxt. It is the interest of the stakeholders that their coins are distributed amongst the community, otherwise they would only have large, worthless numbers on their account. You should be very careful by trading coins over the internet! If you buy coins from someone directly, try to break the amount in smaller groups! (Example: Trading 200 000 NXT for 1 BTC breaking down to 20 000 NXT/0.1 BTC packages) Can I access my wallet from another computer?Yes, as there is no wallet file, the account can be accessed from anywhere, but you should use a strong passphrase as thatīs the only thing that protects your coins from others. (The authorization might be rewritten / updated later) I have some coins in my account. How can I start processing transactions?You can start processing transactions once the amount in your account was confirmed 1440 times. This usually takes a day. You will se a link on the user interface when you can start processing. Donations very appreciated:) 7704473502402320783 I have updated the FAQ. |
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Hi! I´ve made a short FAQ that could be added to the first site. Could you please re-write it and put in your thoughts/correct me where I was wrong? How do I start mining?You can´t. NXT is the first 100% Proof-of-Stake coin, which means that you will not be able to "mine" new coins. You get coins by processing transactions and receiving the transaction fees for them. Was NXT pre-mined? I see on coinmarketcap.com that the total supply is already at 1 000 000 000. Why?All coins were released at the genesis block and all those coins were bought by people, the so called early investors, who made the project possible by paying for the development, but there are still unclaimed coins, which will be distributed after going live if they remain unclaimed. The creation of the genesis block was fully public: https://bitcointalk.org/index.php?topic=303898.msg3652710#msg3652710So I have to buy coins to own them.. that´s not so funny...If you´d like to own some BTC, or any of the other altcoins, you have to invest in mining hardware to be able to mine some coins. With NXT, you buy the actual amount of coins to start "mining". No additional costs, no mining hardware needed. And where can I get some coins? Can I get them for free?You can check out the Nxt Bounty Thread, the Nxt Giveaway Thread, the Nxt Buying / Selling Thread or simply go to DGex.com to trade BTC for Nxt. It is the interest of the stakeholders that their coins are distributed amongst the community, otherwise they would only have large, worthless numbers on their account. You should be very careful by trading coins over the internet! If you buy coins from someone directly, try to break the amount in smaller groups! (Example: Trading 200 000 NXT for 1 BTC breaking down to 20 000 NXT/0.1 BTC packages) Can I access my wallet from another computer?Yes, as there is no wallet file, the account can be accessed from anywhere, but you should use a strong passphrase as that´s the only thing that protects your coins from others. (The authorization might be rewritten / updated later) I have some coins in my account. How can I start processing transactions?You can start processing transactions once the first amount in your account was confirmed 1440 times. This usually takes a day. You will se a link on the user interface when you can start processing. Donations very appreciated:) 7704473502402320783 |
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On which exchange (if any) can we buy NXT?
I think we should create a FAQ section on the first page.. |
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