Ideas are great but the innovative ones haven't even been developed yet, let alone will they work in practice.
Peercoin is eventually gonna become 99% proof of stake. It's the proof of work there that was in place to ensure a distribution system where anyone can get involved with mining for a couple of years.
This claims to be 100% initial proof of stake, and everyone gets the coins, but how the hell are you gonna distribute these? The excuse, oh they put in a lot of risk ($4,000 by 73 people is not alot of risk).
Whatever greed is going to kill this coin.
A lot has been distributed, when I started looking into NXT I saw at least some of the initial founders sold a huge chunk when prices were going for 0.1 BTC / 100k. Some are just sitting on all their coins, however. One valid criticism is that the initial distribution could have been improved. 73 founders was too little in my opinion, would have liked to see at least 300 - but I guess it was difficult to get people on board at the time. |
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9415648872472778206
PS: Thanks for doing this. After some initial skepticism I started getting into NXT a few days ago and fully believe in this project now. Hope to get more involved in the future when the source code is released.
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Can someone explain to me why Nxt is getting so much value if the source isn't opened yet? That worsens pump&dumpy possibilities, because the first judgement has to be with regards to quality of source code. But hey, the market fill figure out (after a lot of people will lose a lot of money). I think a lot of development is diluting the concept of alt-coin, or rather the current on-boarding stream for coins.
Probably a result of increased awareness towards cryptocurrencies in general. And honestly, right now - I think the price is still a bargain considering what people pay for junk like Dogecoin that has no long-term value. |
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Unfortunate this happened, but glad to see a fix was pushed out quickly.
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I am in negative now ?? there was 59000 on my account, wrong blocks?
I had the same problem. Scared the hell out of me. Solved by restarting client. Yea that was weird... just happened to me too. Account went to negative balance and it looked like the coins were sent out, restart fixed it though. |
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When using the API, what's the difference between balance and effectiveBalance?
My effectiveBalance still shows 0 even though have over 3000 coins in my balance and the associated transactions have around 400 confirms. This is what I'm seeing exactly:
{"balance":325200,"effectiveBalance":0,"unconfirmedBalance":325200}
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With the latest 0.4.4 release my client seems to have gotten stuck and isn't grabbing blocks. It just gets block 0 then seems to stall. There are no peers listed under active either. Tried deleting blocks.nxt, any other ideas?
Edit: Hmm, working now but took a few restarts
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Testing the client out, if someone could send just 1 NXT it'd be appreciated
9415648872472778206
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That's not what I meant. In fact, I like the ideas behind Nxt. But I just won't tolerate people lying about Satoshi and how he developed Bitcoin -- he did NOT hold it closed-source until after release, as claimed.
I was always thinking that source code of Bitcoin wasn't available to ordinary people from day 1. Now I suspect I was wrong, could u prove me wrong? Also I'd like to see the very 1st version of the source code to make sure it's not the one released in 2009. What do you mean not the one released in 2009? Bitcoin v0.1 (first version available to the public at least) was released in January 2009 along with the source. This was the release announcement Satoshi made on a mailing list: http://www.mail-archive.com/cryptography@metzdowd.com/msg10152.htmlI'm not aware of any earlier versions, and if there was one, it wasn't released publicly. |
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I found the lack of available source code at launch to be extremely suspect. That it isn't based on Bitcoin is all the more reason for the devs to be transparent as possible. Who cares if someone clones it - there were plenty of clones released when Bitcoin was still relatively small and that didn't hurt it.
At any rate, I find NXT intriguing but I'm not buying any until the source is released.
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129GH/s current network hash rate on Blakecoin no way Scrypt based coins can do this  I will try be as polite as can possibly be in saying this but perhaps blakecoin hasnt took off because of the name?, maybe if it was called something like ChuckNorris coin then it would have more appeal to the trendy kids? just a thought. so you don't care about how the coin is made e.g hashing algorithim, reward structure  you just want a catchy name  and a network hash rate of 129 Giga hashes per second is not taking off lol what does that say about scrypt based coins then  Uh, that hash rate isn't comparable to scrypt coins. You said a 7990 gets 5.1GH/s - so that hash rate could easily just be one big farm mining, lol. That's nothing. |
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Who didn't see this coming? Told you all the miners would start dumping when it hit Cryptsy, always happens when these popular altcoins hit exchanges.
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Maybe Cryptsy is manually processing deposits or something.
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x64 version gives cannot validate on CPU errors? x86 works fine though, getting 500kh/s per 780, impressive!
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When the price rebounds, it always happens quick. I would be too scared to go full fiat.
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Srsly, you log in with a google id?  What's wrong with that? You aren't handing over your credentials, it's secure. They only request permission to read your email address. I use a throwaway gmail account regardless. |
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Besides what's the point of cashing in your chips so low? I have 100K which I admit isn't as much as most people have but I couldn't even get dinner for my girlfriend at 34 satoshi/doge.
lol 100k - i didn't even break 1k  I mined 50K at around 10 difficulty. 25K the next day and 25k over the next two days. Thus why difficulty should be affecting price more than it is. It'd take me months to get this back if I sold. It's still very profitable to mine doge over other coins so miners that just want BTC or LTC are going to continue dumping as soon as they get them. Until this stops the price will probably be in downtrend. |
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Not a chance. $0.01 is optimistic.
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