O.K. No argument with that. But the guy who says his NXT was stolen, says his stolen NXT was sent to this account number-10715382765594435905. Bter has this account number-10715382765594435905 These account numbers are the same. Not trying to start a debate or argument, I just happened to notice this and thought it may help. |
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Jerical13: there is a thief who constanlty steals all money from accounts with small passwors. Last time he stole 400k. Then he decided to send 8k to his bter account.
I am not trying to say Bter stole his NXT, Just saying that is the account that it was sent to. |
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Dear people, In the light of all doubts and frustration, I want to give a view from the other side. Today, I had a follow-up meeting with the co-owner of the following projects, which I have already posted before: https://trackprotect.comhttp://www.soundframework.com/http://www.rhosmovement.com/I was introduced to this person a few days ago and he we had some exploratory talks. In today's talks, we discovered that what Nxt provides with its framework is exactly what he wants from a digital asset system. Talks are going well, and all involved are satisfied. This investor does NOT care about the technical side: he has people for that. He does NOT care to explain to his users how the software works, just THAT it works. He also does NOT care about the doubt of others: he cares about what hé sees as the potential. We are four months old. We have an amazing potential: not just as a "coin", bit as a group of talented people who can get things done. If you want to buy into Emule's playing on your fears, you can. He's very good at that, and a skilled thermometer of where the communities' fears are: that we actually have jack shit, that we will fail, that all your investments will be worthless, that we will be taken down by hoarders, that we will be left standing out in the cold and laughed at. These are all fears, and people like him are extremely skillful at playing on that. As said: feel free to agree with him. All things he says MAY come to pass. Let's be honest about that. MAY! I, however, am bolstered once more by a real investor, with a project worth millions of euros and five years of development and a working system, who after only two days and talks with me and some other big Nxt people (developers ánd stakeholder) and who already runs a business, and who thinks what we have is both promising and useful and wants to use it! I choose to go with that, and also keep in mind that we are young and still very much a developing system. We have people testing and developing, and that comes with delays and changes of plan when things don't work out the way we thought they would. NOTHING ever does! We will be having another talk on Wednesday. I will keep you up to date. Well put, and thanks. Way to hit the ground runnin'. |
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If I am not mistaken
you are mistaken I do know for sure that they are the same account numbers. There is no mistake in that. 10715382765594435905 is bter. If some one could cross check the accused thief's account number with the known Bter account number and make sure I am seeing things straight....I maybe seeing something that is not the same as being the same. |
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If I am not mistaken
you are mistaken I do know for sure that they are the same account numbers. There is no mistake in that. |
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Gents,
Someone just stole money from a Twitter user;
This is what he is saying;
"2 days ago i set it up and withdrew my dgex NXT into my account number 2541298766073278713.
But today i open my client but i cannot access my old account, but instead directed to 18170715140588846266. Please help!"
I looked a bit in the blockchain explorer. I see that account 10715382765594435905 has stole the money.
What can we do for the victim? He is asking me to help.
If I am not mistaken, the Thiefs account number is Bters account number. I transferred some NXT from a Bter account to my NXT wallet several weeks ago and the account number he is saying stole his NXT is the same as the one that sent NXT to my wallet. I triple checked. It is the same account that transferred funds to my wallet when I transferred from Bter that he says stole his NXT. Hope that helps. |
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I've been a proactive supporter of NXT due to its unique features offered to the community; however, I would like to see NXT become something websites adopt.
What are some ways NXT can help websites utilize its features? and what kind of results can the website (business) expect out of those features?
I'm not quite sure what you mean. If NXT can achieve a high tx rate, it would be beneficial for your business to integrate with the NXT network. I think NXT's best chance of achieving fast transactions is to offload them onto a parallel blockchain which is secured selectively by large stakeholders using high end hardware. Sounds good except for the centralizing of the Par. Chain unto stake holders. Is there no other way to secure the Par. Chain than this? Maybe different grades of forgers, different grade accounts for people with different grades of equipment ? Maybe the Par chain could be run by miners? I am not a tech guy, I don't know if this is really possible. But I don't like the idea of central servers, if that is your suggestion. If there is another way I would prefer not to depend on selective stake holders. |
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I've got a lot of catching up to do in this thread, also. For now, I will say a few things off the top of my head.
First, we have got to pay more attention to NXT as a 1st generation coin, and call it a coin, without parentheses or apologies. We need vendors to accept it and people to want it. NXT cannot be mined and the ability to forge it requires one to buy it on an exchange first. We have to give people a reason to buy NXT. That reason cannot be as a stake to forge more NXT because without exception newcomers are dramatically disappointed when they figure out the true numbers that underlie NXT forging. Doge has a fun factor. NXT has zero fun factor. It is a frustrating experience all the way thru - getting a client set up and running, dealing with a super long password or losing all your NXT if you don't, realizing you're not going to make anything of true value by forging with small stake quantities, asking yourself what can you do with this coin you just bought.... Repeat: NXT is frustrating, Doge is fun. WE MUST LEARN FROM DOGE AND BE FUN.
Second, we have got to identify just what is 2nd generation about this coin that we really truly are going to support. Mixing/Zerocash anonymity? Peer to peer AE? Multisig gateways to other coins? Transparent forging TF to get high transaction speed? Multiple blockchains? Pruning the main blockchain? BCNext's latest out-of-left-field proposal for instant transactions based on some kind of multiple account? Jesus, even the guy with the secret plan is proposing new ideas before completely revealing his old ideas. This gives me a headache and a stomach ache at the same time.
TF and 1000TPS is what sold me on this coin and is the ONLY feature we have that is above and beyond all Bitcoin clones and even Etherium on the horizon. I get that 1000TPS would take dev work, but I thought TF was a done deal. Now it's not?
Third, we have got to pull together as a team and FOCUS. FOCUS. FOCUS. Maybe the funding committees are the start of this. I hope so. I would go so far to say that there needs to be yet another committee election, for a leadership committee, one with no money or unspent NXT behind it at all, just the raw power to say "NXT IS GOING TO DO THIS." and whose members then can stand up on a stage, virtual or real, in front of people and tell them that NXT is on a course to SOMEWHERE.
Maybe I'm just in dictator withdrawal from pushing the election over the goal line. Maybe sleep will help. G'nite.
I believe in dictatorship. Democracy will fail (and fall) in the coming decades. Collective ownership is bullshit, because noone feels responsible for anything. A lot of great ideas are getting thrown in the round every day in this thread, but almost all remain without action. Itīs like fartig in a room with full off people and then closing the door and leaving: itīs an interesting experience, but pointless and after a while even disturbing. I still believe that this project needs a project manager. Look at all the other successfull cryptos: they all have carismatic leaders. A big project like this canīt only rely on a few self-sacrificing people. I agree also Rickyjames and Mcj. There does need to be some sort of way to prioritize our goals and focus on making things happen. I am not for any type of dictatorship though, and disagree with the idea that things can't be achieved through democratic means or communal consensus. But in order to get things accomplished there do need to be priorities attached to projects and some sort of order established to make better use of the resources available and to focus peoples energy into some thing productive. However this has to be achieved, I am prepared to be a spoke in the wheel. |
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If it is possible to speed up the network, in a resource efficient manor that wasn't out of balance with the purpose for speeding it up I say "Hell Yeah! Do it". If not , there are other options.
To use your words 'Hell Yeah' this is the way I would try to do it... and it is about infrastructure if you consider this to be how NXT works as a whole, but its not about H/W or shouldn't be (other than N/W). What ever works. <snip...> Plus this kind of conversation is just interesting.  What do you mean by H/W and N/W ? missed that. For next computation is not the issue but we cannot do much about data volumes... we can make the communication more efficient by compressing/turning it into binary, but once done then the more transactions you have the more data nodes need to exchange so N/W or network could become an issue. Its not an issue today we don't need nodes with huge pipes but in my experience the way you stop something like this being an issue or costing a lot to fix is to solve it when the system is small. Also we talk about NXT (singular) and think about 1 node, there is value in thinking of it as a network and a sequence of nodes... I really don't understand a lot about programing, Does that mean in the future it will take more powerful computers to run the network or just more computers? and if N/W is "network" what is H/W |
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[/quote]
Could you point me to that solution of yours?
[/quote]
I was talking about the use of prepaid credit cards for use in point of purchase transactions as a way of possibly bypassing having to figure out how to make instant transactions possible through the network.
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If it is possible to speed up the network, in a resource efficient manor that wasn't out of balance with the purpose for speeding it up I say "Hell Yeah! Do it". If not , there are other options.
To use your words 'Hell Yeah' this is the way I would try to do it... and it is about infrastructure if you consider this to be how NXT works as a whole, but its not about H/W or shouldn't be (other than N/W). What ever works. I see NXT as opportunity in infinite forms. To me that is its infrastructure. The more solutions and variants the better. The more observations from different points of view the better. Really there is nothing to rule out both suggested solutions being implemented simultaneously. Plus this kind of conversation is just interesting. What do you mean by H/W and N/W ? missed that. |
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The problem as I see it is that "loading" a card with NXT is not possible. It still needs to be confirmed on the network when it's spent and doesn't matter if it's a card, a cell phone or whatever. If the transaction speed is too slow it will never work for Point of Sale without merchants taking a leap of faith, off chain transaction verification (trusted 3rd party)
TF is the big selling point of NXT. It's why I became interested in it and purchased some because all the "literature" promised it.
Seems like a lot of indian giving might be happening. NXT seems to be in danger of becoming a slower version of RIPPLE if TF doesn't happen.
I was liking what I was reading about parallel block chains though. That gave me a little hope.
HODLING
[/quote]
I know it is not possible. It would take some work to do. But right now Instant network transactions are not possible. I am just trying to gage the effectiveness, and expenditure of resources in relation to the benefits of the outcome of making network transactions instant and provide a possible alternative solution for comparison.
The same as CFB is offering "parallel block chains" as a solution for comparison. I don't know anything about code writing or programing but I do know something about traditional payment services, so this is why I present this possible solution.
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I agree that it is an attractive feature, but I think that there may be other ways for NXT users to accomplish instant point of purchase transactions without the network being able to accomplish instant transactions. Unless there is another reason for needing the network to have these types of transaction speeds, Point of purchase transaction speed could possibly be accomplished by other means.
For example, prepaid credit cards. If it were possible to load a prepaid credit card from a NXT account and use the card at point of purchase, there would be the one loading transaction that may take a while, but he point of purchase transactions would be like credit card transactions.
If point of purchase is the only reason for needing high speed transactions, there may be more efficient solutions than trying to speed up network transactions.
It really boils down to who the target is when it comes to marketing. The Ripple approach is more geared toward the individual user; which can be an expensive and time consuming approach. By taking the approach of marketing to businesses (like credit card/ ach providers) it gives the business some of the workload in spreading the usage of their product. Some may argue that this marketing strategy is contrary to decentralization, But businesses would have the same desire for a decentralized platform to engage in business as individuals do.
If you want volume the vast majority of transactions are still cash and instant - these are C2B - Customer to Business... and i'm talking about the 'world as a whole' not the 'western world'. If you want to play in this space you need to be instant, card transactions are not 'instant' - the are authorised, the transaction is accepted with ZERO confirmations but based on a validity check - it requires one confirmation from the card issuer and this is done later.. There is also a complex liability model because of this and that is one reason why fee's are so high. BTW this is also true of pre-pay cards. Prepay cards exist for FIAT, people will only use them for NXT if there is a reason, why not use FIAT. Card Companies have a strangle hold with fee's on the merchants, to get them to use you - you have to give them an alternative - why are webisites accepting bitcoin - because they are crypto enthusiasts all of a sudden - 'No' they are using it as a way to avoid paying higher card charges and a threat to get the card companies to lower their charges. If you use existing pre-pay card networks then you pay their fees?? It costs millions in POS infrastructure to roll out your own. To combat card companies you will see mobile payments moving into this space more and more, there is no crypto capable of 'instant transactions' yet that I have seen. The holy grail is to confirm the transaction end2end between the payer and payee accounts. Like I posted earlier - Instant is NOT needed for everything, and we should have some kind of slow, faster, instant type of transactions. My question would be: do c2b transactions need to have the kind of speed that people are talking about trying to get out of the NXT network? and is there a point in trying to make changes to the network in relation to this need? I realize Credit card companies make a lot of money by charging fees, but hat to me is irrelevant to solving the problem of point of purchase sales. I run a small business, and while I would rather a customer pay by other means, I don't turn credit card payments away. I am just suggesting that if the only reason that there is being any consideration given to putting any resources into changing the NXT network to provide faster transactions is so people won't have to stand and wait at the register at Starbucks while their latte gets cold, that there may be other options to solve this problem outside the network. Incidentally there would be other benefits to using prepaid credit cards in this fashion: ATM access, More wide spread acceptance and usability, and it would add depth to the NXT portfolio of active business associates. If it is possible to speed up the network, in a resource efficient manor that wasn't out of balance with the purpose for speeding it up I say "Hell Yeah! Do it". If not , there are other options. |
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So it is about TPS (or TPM).
Some random thoughts:
Should we aim high and make TPS one of the big distinction form other crypto currencies? Are we realistic with such a high TPS - do we really need it? It could be a VISA alternative. Do we get there? Maybe only if great things are made on top of Nxt the next months. Will there be great things on top of Nxt if we are called the next ripple, which is mostly a negative conjunction in the crypto world? Do we ever get there when we cannot market the super-decentralized-idea, raspberryPis and nice things? Are we the business solution of crypto currencies? Do businesses need cryptos? The business world is still very hesitated in regards to crypto currencies - if we fail in the business world in the next month and decided today to go this route, Nxt would be dead? How realistic is it to establish Nxt big in the business world? Are there other possibilities with ultra hight TPS, if not business related? Can we aim for both worlds? Maybe 200 TPS? (Could parallel blockchains help?) Can we aim high with all the other stuff without hight TPS?
How important is ultra hight TPS? What are your opinions? What did I forgot?
I want a big discussion about this.
The system that provides the fastest transactions securely will surpass Bitcoin as the number once currency. TF and high TPS is the #1 reason for the recent surge in interest in NXT in my opinion. In fact many people think it's already implemented and are out there talking around 'the water cooler' about this. The other factor will be easy FIAT conversion, which means being somewhat friendly to the banking system. Ease of use for regular people is also very very important. Ripple is beating NXT already in all of these areas. So to beat ripple and the others NXT needs to win on these fronts AND be more decentralized and free-standing. The real question is if the goal is for NXT to be the currency that takes Bitcoin's place, or if it's happy as a 2nd or 3rd tier system that co-exists with other Alt currencies and becomes known as merely a decentralized platform to trade your fake money for different fake money that no one wants or needs or can use except for speculation. Once the current coin boom ends there will probably be a few cryptos that survive and interest in exchanges will die down. People may exchange real world assets with the AE but it's really hard to get people to change old habits. And unless AE gets accepted by the banking system AND the government, centralized exchanges will still be needed for FIAT conversion. The one way around that problem is to be so awesome as a form of currency that easy conversion to FIAT is not needed. That means popular usage amongst buyers, suppliers and consumers. Then everyone can HODL their NXT and not worry about converting. Volatility/Stability is also an issue here, where BTC is obviously lacking. There's a VERY limited amount of people who dream about issuing their own currency or starting an IPO or even investing in one, but EVERYBODY needs to spend money and EVERYBODY would consider using an alternative that works easier and better than credit and debit cards and also protects against identity theft. EVERYONE also needs a way to perform fast, secure MICRO-TRANSACTIONS on the internet. Being able to quickly send .25 can potentially solve music and movie piracy, revive the online newspapers and allow people to monetize internet content. Once these important fronts are won, then people might start looking more closely at the other features, such as AE, Aliasing, etc. But if no one is using NXT for the everyday stuff, no one may discover them or they will discover them on another platform like Ripple, Ethereum, EMunie etc. It's a very darwinian thing going on right now. The fittest will survive. My two cents, or should I say .5 NXT I don't know. It depends on why people want a fast transaction. If the sole reason is for point of purchase sales slow transaction speed of the network could potentially be overcome be other means. I think that the overall structure of NXT allows for more responsiveness and flexibility of use, and that fact will allow for people to identify more innovative ways to solve problems. NXT has more uses than Bitcoin does. This is what we have to make people aware of. This is the strength of NXT, and should be the focal selling point. Ripple (which puts these selling points first as well) has been around longer than Bitcoin or at least nearly as long I believe. Which one is getting more attention? It's the one that is known for it's potential to revolutionize remittance and payments. It's the sexiest feature and I believe it is downplayed at our peril. I agree that it is an attractive feature, but I think that there may be other ways for NXT users to accomplish instant point of purchase transactions without the network being able to accomplish instant transactions. Unless there is another reason for needing the network to have these types of transaction speeds, Point of purchase transaction speed could possibly be accomplished by other means. For example, prepaid credit cards. If it were possible to load a prepaid credit card from a NXT account and use the card at point of purchase, there would be the one loading transaction that may take a while, but he point of purchase transactions would be like credit card transactions. If point of purchase is the only reason for needing high speed transactions, there may be more efficient solutions than trying to speed up network transactions. It really boils down to who the target is when it comes to marketing. The Ripple approach is more geared toward the individual user; which can be an expensive and time consuming approach. By taking the approach of marketing to businesses (like credit card/ ach providers) it gives the business some of the workload in spreading the usage of their product. Some may argue that this marketing strategy is contrary to decentralization, But businesses would have the same desire for a decentralized platform to engage in business as individuals do. Bitcoin also has a solution to the slow transition speeds which is off chain processing ie: Centralization and trust. If Bitcoin and NXT use similar approaches to solving this problem then NXT loses an important advantage. I'm not sure if "loading" pre-paid credit cards are possible except for being a cosmetics/perception sort of thing. It's still just a public key and a private key and needs to be confirmed via the block-chain. I am very much hoping for the target to be everyone, everywhere. IMHO the best way to attract new customers is with the stuff that's easiest to understand and that is useful in everyday life for everyday people. "Come for the instant transactions, stay for the AE." Yes it would be nice to target everyone every where, but I don't think that is really a viable target. If it would create more work to make NXT capable of instant transactions than to get a credit card ACH provider to work with us in this area it would seem to be an advantageous trade off, to seek out of network solutions to instant transactions, for several reasons. And as for as centralization and trust, I don't think this is an issue either, as centralization is not really what it would be as it (in the visualization I have ) would be a free market service, People are familiar with prepaid credit cards, and use them regularly. It does negate the notion of people being able to send payments to whoever, whenever but does offer a viable and familiar solution to instant point of purchase transactions. And I think that a functional means of instant point of purchase transactions holds trump to being unique and nonfunctional. |
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This is why the military stratifies into organized groups: a single soldier is assigned a duty or task within a team, at team is assigned a duty or task within a platoon, a platoon is assigned a duty or task within a company, ETC... If coordinated and disciplined, a large group will have a weakness in mobilization time compared to an individual, but carry a lot more momentum and capacity to do work. And It is possible and KEY in large group settings to still maintain a sense of individualism by tasking and setting expectations for individuals and clearly defining these tasks and expectations. Ego is the enemy of order. Organization is the remedy. -Brian Nowhere Ego is a tool that can be used to some effect, depending on the ego. Some people just have difficult egos. |
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FinCEN getting involved in cryptocurrency is a huge blow to Bitcoin in the US and NXT as well. If NXT implements NXTcash as a truly anonymous transfer service, we can expect FinCen to arrest James as a terrorist.
I am only partially joking.
will I get internet access from jail? James is a machine  looking forward to first delivery of that machine bla bla bla and what exactly do i buy with this multigateway what is its purpose, and its centralized apperently this is of no value for nxt as price is declined even more. actualy i can do nothing with your code. Actually, from what I understand about it, the code and what it does is pretty smart. It does have several uses and can be implemented in decentralized ways. Go back to sleep Emule. |
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This is why the military stratifies into organized groups: a single soldier is assigned a duty or task within a team, at team is assigned a duty or task within a platoon, a platoon is assigned a duty or task within a company, ETC... If coordinated and disciplined, a large group will have a weakness in mobilization time compared to an individual, but carry a lot more momentum and capacity to do work. And It is possible and KEY in large group settings to still maintain a sense of individualism by tasking and setting expectations for individuals and clearly defining these tasks and expectations. |
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I would be a lot of money that if crypto goes mainstream, mixers will be made illegal. I base this on imagining what would happen if I started a FIAT mixing service. I'd find myself on a fast train to federal pound me in the ass prison. It's money laundering 101.
I do not believe anonymity should be built into any protocol because of this. It should be a layer on top that can be removed or altered for compliance, leaving the network intact.
I don't believe complete anonymity is necessary for crypto. In fact it's the best way to get it banned completely. As long as average users could only be tracked through heavy forensics by authorized officials examining bank records and following a trail, I think crypto provides plenty enough anonymity.
Law enforcement do need certain tools for tracking terrorists and criminals. There needs to be sensible laws put in place for all of this.
You mind telling me how they will ban it? And if they did 'ban' Nxt because of mixing, how would that be a bad thing? Probably be great publicity... They could ban it from being accepted for trade, Both for exchanged fiat and for products or services. If You can't exchange it, it becomes worthless. Brian is right, in my opinion. There is going to have to be a level in the community that operates in full view. This will be a needed mode of business, not just for legal reasons. It will help to make people more trusting in using cryptos if there are options for conducting transactions that don't put off the shady vibe of a craigslist transaction. It's going to come down to what people want more. Do they want a currency that is going to comply with a bunch of regulations, or do they want a currency that is going to provide stuff like anonymity and other free market tools. I don't know exactly what's going to happen as far as regulations go, because it seems like it will be impossible with all the different arbitrary laws all over the world. I think cryptos in general are going to open up a HUGE can of worms for the entire world. I'm excited about it. I think you are right. And I think that there is going to be no way to avoid regulation. There are going to have to be levels of the crypto community that will be forced to operate in plain view. There is no way that government is not going to do there damdest to get there share. But there will still be levels of anonymity. Regulations will be more focused toward business. They will find a way to tax what tax. |
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So it is about TPS (or TPM).
Some random thoughts:
Should we aim high and make TPS one of the big distinction form other crypto currencies? Are we realistic with such a high TPS - do we really need it? It could be a VISA alternative. Do we get there? Maybe only if great things are made on top of Nxt the next months. Will there be great things on top of Nxt if we are called the next ripple, which is mostly a negative conjunction in the crypto world? Do we ever get there when we cannot market the super-decentralized-idea, raspberryPis and nice things? Are we the business solution of crypto currencies? Do businesses need cryptos? The business world is still very hesitated in regards to crypto currencies - if we fail in the business world in the next month and decided today to go this route, Nxt would be dead? How realistic is it to establish Nxt big in the business world? Are there other possibilities with ultra hight TPS, if not business related? Can we aim for both worlds? Maybe 200 TPS? (Could parallel blockchains help?) Can we aim high with all the other stuff without hight TPS?
How important is ultra hight TPS? What are your opinions? What did I forgot?
I want a big discussion about this.
The system that provides the fastest transactions securely will surpass Bitcoin as the number once currency. TF and high TPS is the #1 reason for the recent surge in interest in NXT in my opinion. In fact many people think it's already implemented and are out there talking around 'the water cooler' about this. The other factor will be easy FIAT conversion, which means being somewhat friendly to the banking system. Ease of use for regular people is also very very important. Ripple is beating NXT already in all of these areas. So to beat ripple and the others NXT needs to win on these fronts AND be more decentralized and free-standing. The real question is if the goal is for NXT to be the currency that takes Bitcoin's place, or if it's happy as a 2nd or 3rd tier system that co-exists with other Alt currencies and becomes known as merely a decentralized platform to trade your fake money for different fake money that no one wants or needs or can use except for speculation. Once the current coin boom ends there will probably be a few cryptos that survive and interest in exchanges will die down. People may exchange real world assets with the AE but it's really hard to get people to change old habits. And unless AE gets accepted by the banking system AND the government, centralized exchanges will still be needed for FIAT conversion. The one way around that problem is to be so awesome as a form of currency that easy conversion to FIAT is not needed. That means popular usage amongst buyers, suppliers and consumers. Then everyone can HODL their NXT and not worry about converting. Volatility/Stability is also an issue here, where BTC is obviously lacking. There's a VERY limited amount of people who dream about issuing their own currency or starting an IPO or even investing in one, but EVERYBODY needs to spend money and EVERYBODY would consider using an alternative that works easier and better than credit and debit cards and also protects against identity theft. EVERYONE also needs a way to perform fast, secure MICRO-TRANSACTIONS on the internet. Being able to quickly send .25 can potentially solve music and movie piracy, revive the online newspapers and allow people to monetize internet content. Once these important fronts are won, then people might start looking more closely at the other features, such as AE, Aliasing, etc. But if no one is using NXT for the everyday stuff, no one may discover them or they will discover them on another platform like Ripple, Ethereum, EMunie etc. It's a very darwinian thing going on right now. The fittest will survive. My two cents, or should I say .5 NXT I don't know. It depends on why people want a fast transaction. If the sole reason is for point of purchase sales slow transaction speed of the network could potentially be overcome be other means. I think that the overall structure of NXT allows for more responsiveness and flexibility of use, and that fact will allow for people to identify more innovative ways to solve problems. NXT has more uses than Bitcoin does. This is what we have to make people aware of. This is the strength of NXT, and should be the focal selling point. Ripple (which puts these selling points first as well) has been around longer than Bitcoin or at least nearly as long I believe. Which one is getting more attention? It's the one that is known for it's potential to revolutionize remittance and payments. It's the sexiest feature and I believe it is downplayed at our peril. I agree that it is an attractive feature, but I think that there may be other ways for NXT users to accomplish instant point of purchase transactions without the network being able to accomplish instant transactions. Unless there is another reason for needing the network to have these types of transaction speeds, Point of purchase transaction speed could possibly be accomplished by other means. For example, prepaid credit cards. If it were possible to load a prepaid credit card from a NXT account and use the card at point of purchase, there would be the one loading transaction that may take a while, but he point of purchase transactions would be like credit card transactions. If point of purchase is the only reason for needing high speed transactions, there may be more efficient solutions than trying to speed up network transactions. It really boils down to who the target is when it comes to marketing. The Ripple approach is more geared toward the individual user; which can be an expensive and time consuming approach. By taking the approach of marketing to businesses (like credit card/ ach providers) it gives the business some of the workload in spreading the usage of their product. Some may argue that this marketing strategy is contrary to decentralization, But businesses would have the same desire for a decentralized platform to engage in business as individuals do. |
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Is there a post somewhere of committee election results? Could someone provide a link? Thanks.
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