Another article of interest http://www.coindesk.com/goldman-sachs-director-board-bitcoin-startup-circle/Many big whales are into digital currency right now. They don't even know what is coming in the form of the Nxt network. The good thing about these news is that it indicates digital currency and decentralized network are here for a long haul. I am thankful for all the effort the developers have put into this venture. But I suspect some of you can't even imagine how potentially big all of these things are going to get. It is going to be chaotic. More efforts are needed. |
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I've been comparing the graph on http://coinmarketcap.com to the order book on the dgex.com and they don't match up. For example, right now http://coinmarketcap.com is showing 0.072 and dropping price, but so far all day dgex has been trading above 0.07, so I don't see where that decline has come from. coinmarketcap is quoted in us$ while in Dgex nxt is quoted in Btc. The difference may be there. |
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Voting, Multi-signature, instant message
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Very nice interface. Good work, wesley. |
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Someone needs to wake up Dgex host.. Been buggy all night (worse than usual) looks like it's rattling panick sellers..!.. Easy we'll be on BTC-e soon hopefully.  BTC-E has already rejected afaik Anyhow, nothing to worry about where's the evidence that it was rejected? lol the coin is still in beta and source code not even released and you expect it to be on BTC-e already? they will add it once the system has proven itself I bet. Agree, I don't think you guys should be worried about being added to the big exchanges yet. Big exchanges always need to check the source code to guarantee of no fatal flaw before consider adding a new commodity. Just wait after January/ 3. When they see the source code, they will jump in to add Nxt in no time. |
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I guess we could have a motion to put a proposal for a vote when the voting system being implemented.
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For example if you own the alias Amazon, you can create a payment system so that if users who want to shop at Amazon and pay in Nxt could go to your nxt:amazon and do that. Similarly for ebay, target etc. I'm not sure that Amazon and Ebay will survive the rise of Nxt... Hey that is for near term future. At some point they would accept Nxt natively and forced to buy their aliases from you. Very long term ? I don't know whether they can still survive if they adapt. |
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Maybe selling is going on too slow, for my taste the price is rising too fast, but that's how it goes.
I'd like to see some statistics about distribution of NXT. If 90% is in the hands of the (73) first-stakeholders and only the trading of the remaining 10% is generating the price of NXT, that would be bad in my eyes. We need more distribution! That would help a lot, regarding the public view of NXT.
Don't worry. Soon we'll get more DDoS attacks, black PR and other similar things. Some of the major stakeholders will lose confidence and sell most of their coins. It also depends on how much Nxt you have and your appetite for risk. If I am holding 20million + Nxt right now, I will probably sell some eventhough I have a very high expectation for Nxt. But since I have much less than that I am going to sit tight at least until 1Nxt = 0.001 Btc. So as times goes one, we will gradually have a more equal distribution of Nxt. |
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I am in for the testnet as a tester. I want to test the new asset exchange first hand.
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There will be panic sell, because the price will go back to December lows, closer to 0, due to constant huge DDoS and other attacks. Many stakeholders will panic sell for fear to lose all and will try to make at least part of their financial dreams to come true by trying to sell before others. When price gets to close to 0 again, that's when real distribution starts. We haven't seen nothing yet. My prediction anyway, take it with a grain of salt  I think so too. We will see a bigger drop in the price sometime, maybe sometime soon. Some of the current NXT buyers just want to make some quick money and will start to dump, or maybe one of the first-stakeholders will sell all their (millions of) NXTs. I hope NXT will survive this pricedrop. Anyway if one/some first-stakeholder(s) will sell all their NXTs it will be good for the NXT network, it will stabilize the price after a bumpy ride because a wider distribution of NXTs. I really doubt the price will come down. I'd expect it to settle down at a much higher level that where we are currently. In terms of spreading of NXT among new users, tons of selling is already going on, but the price keeps climbing. NXT is a highly disruptive technology and everyone gets the big picture. 10 cents is a bargain. Disagree, in September/October, the early adopters pitched in 0.00000021 BTC for all 1 billion coins. Now they're going for 600,000% what they originally paid for.. And this was in just 1 month. For something that's not open sourced yet, and unproven theory. This is highly overvalued. The early adopters are all probably hoarding the coins and only a few are being sold on the market, thus causing scarcity. And people can't do simple math and don't even realize that's what they're paying for these 1 Billion coins that already all out in circulation. People are just not aware. You should move to North Korea. Being there you can really take care for other people. |
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Why don't we use the testnet we used lastime for testing alias system? There are testcoins which can be issued. Cfb was responsible for the last testnet.
Now kLee responsible for that, he hired specialists, so it's better if he handles all the stuff. Okie Klee. Count me in. I want to test the asset exchange first hand. |
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Regarding TESTNET:
Please anyone interested start to co-ordinate! I don't have time to manage this at all, I want a united team to fund only.
Would be 100K be sufficient? Too low? Too high?
Decide how you will co-operate and who is gonna receive the money...
What is the testnet for this time? General testing of features as they come out. Testing anything really. Why don't we use the testnet we used lastime for testing alias system? There are testcoins which can be issued. Cfb was responsible for the last testnet. |
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Regarding TESTNET:
Please anyone interested start to co-ordinate! I don't have time to manage this at all, I want a united team to fund only.
Would be 100K be sufficient? Too low? Too high?
Decide how you will co-operate and who is gonna receive the money...
What is the testnet for this time? |
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ok this thread is so clogged, lets leave the dream girls out.
I'm going to ask again if people running VPS could start sharing their experiences with different hosts they use, so we can find more and more.
This brings up something I think is very important. We need to establish a dashboard someplace off this thread where we can see facts and statistics that are accumulating or changing. How many nodes are there? How many sites? What is the current DDos level? Etc etc etc... Inquiring minds want to know. This is an interesting cyberwar to be following, we need a newsroom instead of just an endless blizzard of trench warfare reporter dispatches. Agree. There should be a secure place where people maintaining Nxt infrastructure discuss. A subforum in nextcoin could be an idea if only the forum not being death more often than alive. |
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Hi Gravition, I cross-posted in the main Nxt thread. Would you consider listing DGEX in he Nxt asset exchange ?
We will need a protocol that any company has to follow to make an IPO on Nxt network and listed as an asset in the asset exchange.
The minimum you will have to do is:
1. state why your company has value; your company mode of operation; total shares you re going to issue
2. your responsibility to the company and the share you are going to issue.
3. basically, it is your responsibility to persuade Nxt holder to trust you and your company
This will be included in the social contract on your IPO open for the public in a secure forum.
There is a fee for IPO and asset listing. I think it is 1000 Nxt. So if you can't persuade people to buy your share, you will lose that 1000 Nxt. If you finish your IPO successfully, your share will be listed in the asset exchange. Form that point on, the price discovery process will determine the true-worth of your company/ idea. Of course if you run away with your money, your share will hit zero and being delisted.
That is skeleton of how I think the asset exchange will work.
More protocol could be added with feedback from community.
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Somebody is really pissed off by NXT now - both my sites bombarded constantly and admin email receiving hundreds of registration confirmations from various forums mostly in Russia.
They are attempting to deny the service from you - their success will be temporary.
Graviton, would you consider listing Dgex in Nxt asset exchange ? Basic protocal is here We will need a protocol that any company has to follow to make an IPO on Nxt network and listed as an asset in the asset exchange. The minimum you will have to do is: 1. state why your company has value; your company mode of operation; total shares you re going to issue 2. your responsibility to the company and the share you are going to issue. 3. basically, it is your responsibility to persuade Nxt holder to trust you and your company This will be included in the social contract on your IPO open for the public in a secure forum. There is a fee for IPO and asset listing. I think it is 1000 Nxt. So if you can't persuade people to buy your share, you will lose that 1000 Nxt. If you finish your IPO successfully, your share will be listed in the asset exchange. Form that point on, the price discovery process will determine the true-worth of your company/ idea. Of course if you run away with your money, your share will hit zero and being delisted. That is skeleton of how I think the asset exchange will work. More protocol could be added with feedback from community. |
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NXT nodes are needed to make NXT strong. Those nodes are only going to be stood up by people motivated to do so. I repeat my contention that forging does not seen to be a strong motivator for setting up NXT nodes when examined closely. This could be a problem. This forum exists to address to problems.
How much NXT you earn from forging depends on transaction volume. NXT users is still a small pool of individuals and transaction volume is low. Transaction volume will increase exponentially as we have seen with Bitcoin which will increase forging profits dramatically. I guess this situation is like when Bitcoin first launched many years ago... what motivation was there to mine? Transaction volume or exponential increases in it don't alter the bottom line at all. They only define the timeline you see in getting there. A 1000 NXT forging stake will earn you 0.0001% of all transaction fees, which is identical to saying you get 1 transaction fee NXT for every 1,000,000 generated by the system. You will double your 1000 NXT stake after 1,000,000,000 NXT have been generated in transaction fees. How long it takes to generate a billion NXT in transaction fees depends on the average size of all NXT transactions. For every thousand NXT in the average transaction size, a trillion NXTs must change hands for you to double your 1000 NXT forging stake. Math is math and facts is facts. What's your numbers, or what's wrong with mine? I repeat my contention: I believe it will be low cost of many, many Raspberry Pis and not the high motivation of many, many forgers that will ultimately make the NXT network a viable one. I agree the will and desire to make the Nxt network stands and prospers is the strongest motivator. In the near future the transaction will be dropped to 0.01 Nxt. Forging to make money does not make much financial sense. |
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The decentralization is the best solution. More nodes, more echanges, more forums...
I already joined your forum. But you need to promote yours more as an alternative to Nextcoin.org. The more public places for discussion the better. |
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