Some people with twitter should respond to the tweet and how Hazard feels regarding NXT. The guy calls many coins "SCAMS" from what I remember (go look in the original BTC NXT posting lol). But anything negative needs to be corrected with good evidence against the negative. Hazard makes a living selling his little articles (if you can call them that) regarding Crypto investments. He is angry about Nxt because he didn't tell his followers to invest and now he looks like an idiot, which is fitting, because he is actually an idiot. |
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They are NXTers. And low tier to boot. They are followers; you can't expect them to question authority.
I for one thank you for wording my doubts.
30,000 BTC or 300 BTC, does not matter - there is no wrong question when you're asking other people's money.
but if you're dealing with 30,000 BTC, no stone should be left unturned within legal and contractual framework.
Actually, most Ether followers hate Nxt. Nxt had an IPO of 21 BTC (1 BTC was from the founder). The creator (BCNext) didn't allow anyone to invest more than 1BTC. Most people were skeptical, called it a scam, so they didn't invest and he launched Nxt. Then everyone screamed that the distribution was unfair and they didn't have enough time to invest. Personally, I don't like large public IPO's for crypto's, it's lame, if it's POW, it should be launched for free and mined. POS is tricky, because it has to be launched all at once, I don't think any POS will have a small IPO after Nxt. Regardless, I'll avoid Ether, it's going to be killed by greed. |
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Yeah, I would just ignore that idiot, he offers a paid service for crypto advice, he's obviously a miner and not worth our time to discuss. |
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This guy obviously isn't impressed with NXT. In Depth Analysis of NXT - http://cryptolife.net/in-depth-analysis-nxt/Regarding NXT addressing. "If you were to generate an offline address and send coins to that address, you do not have explicit ownership of that address. Someone could come along with a passphrase that has a collision with yours, announce his public key to the network, and then have explicit ownership over your coins. This means that to claim ownership over an address, you are forced to expose your public key to the network. As mentioned before, doing this decreases the overall security of that address. You just can’t win. NXT is inherently less secure that Bitcoin. It is a total step backwards in that department. Also worth mentioning is that Bitcoin addresses have a 4 byte checksum that prevents you from sending to an invalid or incorrect address. NXT addresses do not." Does anyone have an answer for this? He's partially right about lack of security of offline addresses. 64 bits are not enough. For example, 64 bit RC5 was broken more than 10 years ago, by bruteforce, by distributed.net. Cracking offline addresses is practically possible, although the payout from this is very unlikely to be positive, you would need a ton of special asics. It's way easier and cheaper to take control of bitcoin's network than it is to crack offline nxt address. So effectively even offline nxt addresses are more secure than bitcoins. Still, it's not cryptographically secure. He's wrong about lack of security due to publicizing public key, it's secure, no need for paranoia there. Online addresses (with public key) are secure. He's right about lack of checksum. Little has been talked about the reason why BCNext went with 64 bit. When Nxt is accidentally sent to a random account # and is unrecoverable, its referred to as darkNxt. This darkNxt has no use to anyone, and sits in an account that is inaccessible. BCNext wanted to make it possible for powerful computers to be able to mine darkNxt in the future, so it was not lost forever, as all regular Nxt will be protected by 256bit private key accounts. |
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But he has aliases
Yes I have 13 of them how long was your pass phrase? 11 Thats definitely not long enough. Should aim for at least 30 chars. Great, there goes my NXT experience. Hope you all do well. I have myself to blame. I have a 10 character password that has 100 Nxt in it, just letters and a # and it still hasn't been hacked. I think there is something going on here. Perhaps the same password used for something else? |
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Looks like a well organized IPO, which kind of worries me.
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Thanks for posting, clears up a lot of things. |
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crowd funding starts in seven days according to new countdown on website, so I guess some selected people will get 2x coins this week, rest got to wait.
Well that sounds unfair, so I guess it isn't technically an IPO if only a few people can buy It was my understanding that anyone could take advantage of the 2000 per BTC rate, is that not the case? AFAIK the minimum investment is 0.1 BTC and anybody with at least that much BTC is free to invest. I haven't seen any restrictions at all, other than a) the deadline is March 31, and b) no more than 30,000 BTC may be invested. So I guess if a few huge whales invest in the first hour of the IPO they could shut it down early by fulfilling the capital requirements, but otherwise the opportunity is open to anybody who wants to take advantage of it. So how is anyone able to invest and take advantage of the 2000ETH - 1BTC? I don't see that info posted anywhere. |
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I am looking into my options of making my NXT Solaris client open-source and multi-platform. Since there are trade-offs, I would like to get an idea which operation systems you are most interested in, so I set up a vote: https://bitcointalk.org/index.php?topic=430593.0Thanks for voting! Thanks marcus03, appreciate that you are making it open-source. |
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ok so here is the thing,i was reading about nxt and i love the concept .and it look like its apreciated by the community here.so i have a test i make on my friends to know if a coin is interresting (its pretty dumb test but still) i explain them the concept and ask if they would use it.and for nxt all i had was YES YES YES .so now the thing is the nxt wallet is impossible to setup by a "coin virgin" or "not geek" guy.so here is the limit the concept is good ,but how can we trust or invest in it while "lambda" people cant event install the walet?i mean reaching the normal people isnt the goal of all coins? guys if you going to answer do it with calm and explaination  Because of the issues you mentioned, Nxt is still undervalued. You can see it as a good opportunity to buy. If you follow this thread https://bitcointalk.org/index.php?topic=345619.0;topicseenyou will know that user friendly client will be available soon. i know its a good asset ,but still my opinion is that people will get in to it MASSIVELY once we got a simple interface of use.you know its a product like another ,the branding is good,so know costumers are waitin for the packaging  Yep, I totally agree, we will have a really nice open source client available by the end of next week. It will have a Reputation System built in as well, so you can start using decentralized marketplace. I'll post the link here when it's ready. |
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I have 4 NXT. I have no clue what the point of this currency is.
That was an insightful and important comment.  Well here is maybe something better, with POS there is no way I can generate. Therefore I would have to buy more NXT which is actually more difficult right now than it seems. Sure, the exchanges like BTER exist to do that. However, at the same time, the amount needed to forge more coins is extremely high and an amount that I don't have to spend. Therefore, this coin is basically useless to someone like me, and is mostly for those that had giveaway coin, or have money to throw at it. For those that have lots of it, it's nice to have a coin become worth a lot of money, but for those that don't, what's the point of even trying to be part of the community. That is such a contradictory comment, that's the whole point of POS, if you own Nxt you can forge more Nxt. The amount of Nxt needed to forge is 1. If you own BTC, it just sits there, you don't earn any more, you have to invest in expensive mining equipment. So with Nxt, instead of buying depreciating mining equipment, you buy appreciating Nxt, to forge. Why is that so hard to understand. |
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crowd funding starts in seven days according to new countdown on website, so I guess some selected people will get 2x coins this week, rest got to wait.
Well that sounds unfair, so I guess it isn't technically an IPO if only a few people can buy |
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weekend sell of on bter?
I hope, need to get more users on board. |
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I can understand the importance of a better distribution of Nxt and it is difficult for the large stakeholders (whoever own 5M+ Nxt IMHO) to quickly distribute their NXT because they could hope to sell them at a better price in the future. But the dilemma is that if those large stakeholders do not distribute their NXT now a healthy NXT network may not be created and there maybe no a better price in the future.
It makes sense that the large stakeholders would only distribute their NXT if the distribution will make the price of NXT higher in the future. I have couples of suggestion here:
1) setting up a target for healthy max holding. I see that some stakeholders are still holding 5% of total NXT. Is it a healthy max holding? I do't know. For me it seems 1% is more healthy target based on the opinions I read online.
2) setting a max forging power at current stage. I see the large accounts have been gobbling the transaction fees because their balance are high. To build up a wider and stabler network, we need to encourage people to build more nodes and reward those node guys at this early stage of NXT. We can set up the max forging power as 500k or 1M, which means that all accounts with more than 500k or more than 1M NXT will be treated as 500k or 1M. Therefore the small accounts will have more forging power and receive more NXT as fees. This can be ended at a time when we have better network and distribution.
3) setting up a fund for the future development of NXT. Large stakeholders can chip in certain percentage of their NXT to this fund to facilitate the future development of NXT.
I like the idea, but Nxt is 100℅ POS (for now), so that wouldn't be fair to limit forging abilities. I think overall growth has been healthy and we will continue to grow user base once there are more usable features. Right now people buy to hoard or to make quick profit, so we need to have a little more patience. |
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I'm new here and been a lurker for about 3 weeks...You folks are incredible.I understand about 10% of
what you are talking about but in that 10% I see a many great minds and very happy to be here.
A BIG THANKS !!!!
Totally agree. I must say Nxt community is unique. There are so many talented guys devoted to making it better, although they are not organized by some committee or organization. Nxt community shows how a decentralized group can function well and achieve something amazing. second that!! its so cool watching ppl come up with ideas and put them in motion at such an early stage in a coins development.. knowing that the work these few guys do... will be used potentially by millions... in how ever many years time you guys will be able to sit proud and say i helped build that! must be a cool feeling! Good to see you guys post that kind of feedback, it's very encouraging. It's never to late to get involved in Nxt and help the community, there are a million things to get done from core dev to marketing, so please feel free to give us your input anytime. |
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1000 ether for 1BTC? Lame I thought the IPO price was going to be $0.08 USD per ether? It doesn't matter whether the Ethereum people make it 10000 BTC per ETH or If it doesn't matter then why did they increase the price from $0.08 to $0.82 ? -B-0 +1 You guys keep saying ETH per BTC doesn't matter. Then why are you changing it from the initial whitepaper #'s? It matters when we are talking about fees and it matters when we are talking about mining vs IPO purchase. The whole announcement thing was BS and it seems like this 19 year old doesn't really know which directions he's going. Is it POW or is it POS? |
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I thinks its a dead topic. Stakeholders have already greatly distributed their share, many of the large Nxt holders were early buyers from stakeholders. I don't think a stakeholder will post here cause most people will just berate them with ridicule. Distribution will continue to happen, many are waiting for decentralized exchange.
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1000 ether for 1BTC? Lame |
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Should i join a forging pool? at my current amount i won't ever get anything lol
Hi, there will be advanced options where you can lend your Nxt to a forging pool without the Nxt ever having to leave your account. At this point, don't send your Nxt to any account claiming to be a pool. damn that actually sounds amazing.. does anyone know what the founders typically get per day forging? A lot of the stake holders don't forge, but it really depends, you can click on some of the top accounts to see what some accounts have forged in total. Obviously there aren't a ton of transaction fees yet, but that will increase. http://87.230.14.1/nxt/nxt.cgi?action=34 |
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Should i join a forging pool? at my current amount i won't ever get anything lol
Hi, there will be advanced options where you can lend your Nxt to a forging pool without the Nxt ever having to leave your account. At this point, don't send your Nxt to any account claiming to be a pool. |
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