wtf, why the fucking price is continual falling? Everyone buy NXT, there are everyday tousends of new accounts and everyone speak about the coin, but the price is falling? WHY? Don't worry friend, the price will skyrocket soon, just hang tight, I'm buying more Nxt at the moment. |
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(also NXT ipo was too short and invisible and maybe was even closed early, that's why price shot up afterwards. Had they waited long enough with high exposure to and broad discussion by the public, price would've been "exactly right" after ipo)
Do you mean it could/should have also been 0.0001 NXT/BTC? The NXT launch wasn't invisible, not sure why people think that. Also, the goal of Nxt launch wasn't too have some Bitcoin Conference mass marketing IPO extravaganza. It was to get a working POS system launched and let the community take over. Yet many people have misconceptions about it being a scam coin. To me, a scam coin is one that draws hundreds/thousands of btc investment in a pre-sale and then caters to ASIC miners. It wasn't invisible, but it was cut short with no advance notice to prevent further dilution of existing investment. A week later, they started selling NXT at a 4762% markup (yes, that's over 47X original purchase price). NXT is number 2 on the scamcoin poll, https://bitcointalk.org/index.php?topic=361286.0 . "They" you are referring to were people who took a risk to donate to an unknown developer's project, regular forum members like you and me, the founder didn't sell a thing, in fact, he has only given away millions of Nxt to developers. The markup you are talking about is still more than 100x cheaper than Ethereum IPO price. I bought 1M nxt for 1BTC. Your reference to the scamcoin poll makes you look ignorant, you and I both know those are envy polls. Where is Ethereum on that list? BCNext ended the Nxt IPO early because he didn't want to collect hundreds of BTC. |
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is this a coin wich we can mine (just like any other altcoin)
Also when can we start mining it?
or is this a coin wich we buy ( premined) ?
and when can we start buying?
Both, pre-sale before mining, don't know schedule. Why was the Ethereum forum taken down? |
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(also NXT ipo was too short and invisible and maybe was even closed early, that's why price shot up afterwards. Had they waited long enough with high exposure to and broad discussion by the public, price would've been "exactly right" after ipo)
Do you mean it could/should have also been 0.0001 NXT/BTC? The NXT launch wasn't invisible, not sure why people think that. Also, the goal of Nxt launch wasn't too have some Bitcoin Conference mass marketing IPO extravaganza. It was to get a working POS system launched and let the community take over. Yet many people have misconceptions about it being a scam coin. To me, a scam coin is one that draws hundreds/thousands of btc investment in a pre-sale and then caters to ASIC miners. |
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We need to spend all 9Mil on development
I do agree with that. 3Mil is not enough to allocate for development, especially if you are thinking of spending 7Mil on marketing. Again, I can't emphasize enough the things we can do with 200k-500k bounties to developers, incredible progress in a short period of time. Marketing is good, but the general crypto user base will know Nxt based on features alone. |
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Marketing Developers = more exchanges, more substance, more &unique features.
Could any Devs offer full support to any exchanges looking to add next?
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I am asking this for the entire NXT community. A referral program to reward websites proportional to the number of new NXT stakeholders they bring in. It does need to be funded.
Anything that costs money can be mapped to a "product/service".
Are you saying that you don't want current NXT stakeholders to get a bounty proportional to the number of new NXT stakeholders they bring in because that would be perceived as a scam? We just went through an entire thing about giving bounties to different websites and social media and the consensus seemed to be that the ones that were more successful at getting people deserved more.
I am just pointing out that there is a standard way in the internet to do this. Referral marketing. I think amazon did a little of it. people are already calling NXT a scam due to is PoS origins. Referral marketing will not change that either way.
Why do you say it won't work? Wouldn't a person who is on the fence about spending a lot of effort on their NXT promoting website be more likely to do that much more if he knew that there would be some sort of bounty?
If referral marketing won't work, then bounties won't work, so we should stop all bounties for everything. Let me put it this way. It will bring some new stakeholders. But the ROI will be awful. The same funds could be put to much better use elsewhere in the project. Paid advertising and this type of software just don't go together. Having said that, I'm all for setting up a streamlined, user-friendly path for the average person to become an Nxt stakeholder. What we need for that is a web designer with a good understanding of landing page optimization, a user-friendly client, and the decentralized exchange. I'm with bitcoinrocks on this one. Personally I've worked with some of the largest corporations; Facebook, Google, Apple, etc.. and hundreds of smaller startups (instagram, nest, etc) You don't market without good product and in my neck of the woods (Silicon Valley), a good product will market itself. We do not need to spend 7Mil Nxt on marketing, that is ridiculous. We need to spend all 9Mil on development, we build something so good that people will spread the word organically. If we can attract the best developers to create usable tools and features for Nxt, we will solidify our place in Alt crypto market and history. Spending on marketing will only give us a temporary boost. Trust me, I've seen it hundreds of times in my industry. |
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Any news regarding Nxt crypto-algo audit?
I heard back from Steve Weis, he doesn't have the free time to review, but he is talking to several colleagues about the review. I've sent him all the info pertaining to crypto aglo. Thank u. The trick with Curve25519 has a negative downside as I see... Reaching out to several more people, I'll make this my priority. |
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I would say that we allocated at least 6Mil for Dev. If you build it, they will come. I really don't see a reason to allocate more than 1-2Mil for Marketing/PR.
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Any news regarding Nxt crypto-algo audit?
I heard back from Steve Weis, he doesn't have the free time to review, but he is talking to several colleagues about the review. I've sent him all the info pertaining to crypto aglo. |
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What happened to the original 21 BTC? Were they permanently removed from circulation? If so, how did the original donors feel about giving $210 to the Winklvii? Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately
Is there a point to your stupid ramblings? Ya, I'm about to dump my life savings into Nxt and I want to make sure its legit first by asking all the questions possible. By asking about the Winkle twins? Don't dump your life savings into any crypto coin. |
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What happened to the original 21 BTC? Were they permanently removed from circulation? If so, how did the original donors feel about giving $210 to the Winklvii? Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately
Is there a point to your stupid ramblings? |
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It's kind of funny that some of the coins that got rated the highest as most likely to grow in 2014 similarly got rated highest as most likely to be shit or a scam.
I voted for NXT coins though, because the fine print on its exchange reads something like "All bitcoins placed into the exchange belong to the exchange.", and the owner of the exchange, and the main NXT website, also owns another domain with the word "Ponzi" in it for some reason.
It's an interesting concept but it needs to be steered clear of at all costs with the people running it.
You voted for a coin because of a 3rd party exchange website verbiage? Interesting. The main Nxt website is NxtCrypto.org, it's run by the community. The currency has zero affiliation with Dgex, he is just the first person to start an exchange, that's all. Tell you what, open a Nxt account, PM me your account #, and I'll send you 100 Nxt so you can at least check it out. |
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they should list BTC  It's in there. Obviously the launch is why everyone is calling it a scam, they are angry they didn't see the windfall like the original 73 stakeholders. |
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Why don't you list coins that were actually a scam, like Visacoin?
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It's been my experience that when people try to ignore or dodge around an issue, and accuse the person questioning them of trolling, that it's because it's the truth.
Sorry to other people reading this discussion as it's tangential to Etherium, but the opportunity arose to confront the person responsible.
It does highlight the importance of sticking with a plan in a funding round once it is announced. NXT has made an enemy where it didn't need to have one, and I will continue to discourage people from investing in it as I feel the situation shows a lack of integrity of the people managing the project. All they had to do was say, "we are closing investment, so if you want to invest you need to do so within 4 hours" (or some reasonable time frame). All they have to do at this point is admit to the real reason they closed investment early.
+1. While the reasons to NXT genesis investors (who made on paper >1000 BTC out of investments of <1BTC) being so zealous are understandable, IMHO it still hurts the NXT in the long run. While it's an interesting technology, chances it will have a hard time competing against MSC, BTS, Ethereum (and other upcoming other 2nd gen platforms) with a much larger initial adoption base and much fairer distribution model, bringing similar features and capabilities into the play. How is the pre-sale of a POW mined currency price at more than double current Nxt market price a fair distribution model? I wasn't a stakeholder in Nxt, but I bought right after launch when people were selling 1Mil Nxt for 1BTC. I thought to myself, "I could theoretically buy 1% of this currency, that will ever exist, for 10 BTC" to me that was a great risk but also a great deal. I've been trading BTC long enough to remember having about 15k BTC in my wallet in the early days, and to be honest, Nxt is the first alt coin I've ever owned, including LTC, which I always thought was a joke. The founder of Nxt only made 21BTC (1 of which was his) on the launch, sure the stakeholders were limited (73 total), but they were all like you and me, with zero affiliation with BCNext or Nxt. To me, Ethereal is a slave of ASIC Miners, with a ridiculously high IPO price and no interest earned like eMu, so who is being fair? |
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Very nice chart and calculation. It shows why intuitively I'm not too worried about the theoretical quantity of 2 trillion. It will take a long time to reach and 1.2 trillion is well under the quantity of USD in circulation today.
This also assumes 10 minute blocks for 60 years, isn't that a little conservative? |
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Here's another good chart, this assumes 10 minute blocks with 50 coins issued per block continually to miners (as Bitcoin had when it began);  As you can see, there's no 1 trillion in the near future. By year 30, we've achieved 86,724,000, approximately 4 fold of that for Bitcoin. So in many ways this premine is insanely good to investors who decide to hold onto their coins (but in my opinion, a little generous to the foundation itself). I think it would be best if these (the premined coins) were given over a span of 10-15 years to investors, as a sort of "bond". This would also ensure that the foundation would keep up with maintaining the blocktree and ensuring that is works. Is there an inflationary element of the coin? For example, if I own 10k Ether but I'm not mining, will that 10k Ether increase just based on linear inflation year to year? |
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I guess it is not my "birthday", (after some hinting)  and i am not going too have my small investment stolen by some 16 year old script kiddie. Therefore, im creating my own cryptocurrency, whos with me? It's been repeated hundred of times already, your account is your PK, which is 256bits,
once you do first trasaction, you're safe.
Hehe, but seriosly, can not find the "rejection" part, show me  Also, why would you create an alt coin of nxt, it is already as good as it gets:D Humble regards j0b Because we may ultimately need more supply and to use coins for different purpose, not necessarily just to buy things. |
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