An artificial Nxt shortage? What? BCNext stated that there was going to be 1 billion Nxt regardless of the number of investors.
The original funding period was open for over a month and a half. That was more than enough time for everyone who wanted to invest to invest. The only reason he only collected 21 BTC was because there was very little interest. No matter when the IPO period ends there will always be people who are "left out". You could conduct the IPO over a period of a thousand years and there would still be people "left out".
I would agree with you had IPO had ended at the pre-announced date of BTC 5-years birthday (4/1/14). But instead of that, the IPO has ended with zero announcement, by BCNext abruptly moving the received BTC from IPO address and generating a genesis block. This action left out hundreds of would be investors who watched and monitored the thread for developments, and concentrated the initial full NXT amount in hands of 71 people. How you would call it other then creating an artificial shortage, that caused the x2500 - x3000 value inflation that we see these days, in just 3.5 months? I've said it before and I'll say it again. Nxt isn't just some other cryptocurrency. We are a movement. We are a community who help each other out. We are here to change the world for the better.
Then you probably will agree that with a fairer distribution resulting in larger initial adoption, Nxt will have a much better chance to change the world to the better  . |
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I can add this to the front page of blockscan if you think this would help ?
Definitely, if you will clearly show the mind boggling difference between funds burned and funds donated to developers (perhaps via some chart), and emphasize that the value of XCP on market is depending on the success of the project which in turn directly based on amount of work the devs can put into it, this will be a big motivator for all current and future investors. I think/hope that most simply are not aware of the huge difference between burnt and donated funds. (Just look at NEX project, which already raised ~7BTC in donations based on possible potential only - without any working product). |
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I checked the timestamp of the first post of them, NEX was 2 hours later, so it seems apparent to me that NEM just copied from NEX.
You probably mean that NEM was 2 hours later: [ANN] NEX :: descendant of NXT - Imagine Fairness! January 19, 2014, 01:15:27 AM [ANN] NEM :: descendant of NXT - 4 billion coins January 19, 2014, 03:09:00 AM |
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Also, I'm not stealing other peoples' btc to fund my development fund for my developerless project.
You mean the original 21 BTC given by genesis investors, before abruptly breaking the declared IPO deadline to create an artificial NXT shortage? I would say that with the ~7BTC already contributed, Friction is on 1/3 way there . |
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This thread is looking more and more like the NEON thread. lol FrictionlessCoin, I see you have stolen 6.97 BTC from people for your development fund for a project that you claim needs no developers. That's really fair. Please don't give him any BTC, NXT, etc. Look up VisaCoin, Shares, NEON, etc. Please, don't fall for it. Actually there seem to be is a stable stream of commits since Frictionless posted the de-compiled version to github earlier today, compared to Neon or Visacoin "projects" that didn't feature a single line of code: https://github.com/FrictionlessCoin/NEX/commits/masterImho, the jury is still out on this one, so I will be watching. |
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Interested.
Now I am sort of confused, NEX and NEM, which is earlier. When I saw the thread of NEM I'm quite impressed by seeing they pointed out correctly the weakness of Nxt, but now it seems either they copied from here or the other way.
NEX (this thread) was the first publicly declared effort to re-use NXT technology for a fair distribution PoS coin. |
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Lets everyone burn at least 1-5% of invested moneys and im sure its pay back later with XCP value.
Reasonable preposition, but we need an easier way to send XCP. |
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I'm happy to donate, I just don't understand how to send XCP to an address. :/ .....safely!
Devs, any idea? Also, it would be great to add the donation address to blockscan.com, so everyone could see how much donated and what the balance is. |
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I have 10,250 XCP sitting here, where and how do I donate ??
We are looking for community contributions of testing, bug reports, patches, and companion software (e.g. built around counterpartyd). We are also asking for donations of BTC and XCP to 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs, which funds will be used to issue bounties for the development of the project. |
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Noticing a tick up in <1 BTC burns (the stock analogy would be odd-lot trades) the past few days. Increasing public awareness of the XCP idea?
Nice observation! Though unfortunately the donations are still near 0: https://blockchain.info/address/19QX5WBkkaUXAZ4HZrNtPtjPsakGG2co8HLet's hope the community will at least start donating XCP's, otherwise everyone may end up sitting on a pile of useless bits and bytes. |
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Whats your opinion on MSC vs XCP, SyRenity?
I see them approaching the same goal of launching 2gen capabilities on top of BTC blockchain, but from two different angels: MSC - heavily funded and PR'ed, centrally managed, significantly vested decision makers (which is a good thing - reminds post-Series A start-up model) and (finally!) full time employees. XCP - zero funding (other then PoB to generate some initial value), community effort, decentralized approach, apparently more rapid product progress, significantly spread IPO (don't expect 20x-3000x valuations jumps here as with MSC or NXT). Other then that, still to early to tell. It will be interesting to see how both approaches succeed in future, though I do expect they will benefit each other on the long run. |
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Interesting. Have you compared Mastercoin with Invictus as well?
It's an interesting project no doubt, but I find dubious the issue of AngelShares on PTS/BTC altogether (vs only on PTS as would be expected), which effectively halved the PTS owners holdings at this point, therefore I best let others to comment. |
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TKeenan could you explain for me why Mastercoin are better than Nxt and eMunie?
Comparing with NXT - much fairer distribution, which was cut in middle of IPO to benefit a limited group of investors. J.R set a date, generated PR and let everyone to invest up to this date. As per feature list, MSC expected to bring about same amount of innovation, while relaying on the most distributed super-computer out there - the BTC blockchain. Comparing with eMunie - much more balanced / mature founder (not treating to cancel the IPO despite there was about same amount of scam accusation attacks), open-source from day one (compared to eMunie purported closed source for several months), large capital amassed (5M$). |
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That's because there has been a hell of a lot development and implementation since the initial creation of the block. It's called "capital appreciation," or "sweat equity," and it means that the value of the product is increasing because it is becoming a more robust product through the efforts of developers, who are augmenting the functionality, as well as marketers, and various other support people and mechanisms.
1) Has it really so much increased, that 1 BTC invested ~3 months ago is worth almost 3000 now on current market rates? 2) If yes, then I don't see a reason why a NXT "litecoin", being developed by a separate team putting it's own "sweat equity", and distributed however way the team wants, can't reach at least 3%-5% of NXT value. |
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People paid for their NXT. That was fair.
With Nex, anyone can create multitudes of accounts and get more Nex. Don't tell me that you're going to base distribution on account history either. Anyone that knows anything about this forum, knows that there are many accounts with long histories that are controlled by ONE person. Also accounts are bought and sold routinely.
I'm sure the OP controls many accounts with long histories and will claim the majority of the NEX for himself if he gets people to support his scam.
A very small amount of people paid for their NXT you mean, while the rest were unexpectedly cut off much earlier before the announced date (3/1/14) in order to create an artificial shortage (Apple tactics anyone?). What the OP is imho doing, is showing that all NXT value is based on pure speculation, as it (probably) unable to accumulate a such high value within a such a short time period. There is quite little difference between 140$ (1 BTC on Sep' prices) and cost of time invested in forum posts. |
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Dear god, couldn't you have come up with a more unique name. Well people are going to be really angry when initial investors start to sell their Nex, since they got it for free.
Sounds very familiar, didn't it exactly happen with... NXT? |
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Service question - how datacoin can compete with Dropbox for example?
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Create a finite lifespan for asset appear to be an horrible idea to me...
Imagine if your BTC suddenly disappeared.
Or that you spend a lot of time for promotion, succeed to have an awesome dividend system to many client and suddenly all your client holding disappear.
I can hardly imagine something better to destroy your business.
Then perhaps requiring an upkeep fee, as one does with the domains, say X XCP per month? Eventually the squater will find it uneconomical to hold all these assets for nothing. |
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I suggest you make it bold:
"Here's the Development Fund: 129YoGArgyp7eFi9wbXPtUq7BccS8EABhz"
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