Poll result: NXT is a proper cryptocurrency

[iCEBREAKER]

[...]
Nxt 2.0
[...]

Interesting. What is Nxt 2.0?

(Please use your own words    )

Already did.

Nxt 2.0 is an over-engineered hot mess just like the original, except with less support.

[LiQio]

[...]
Nxt 2.0
[...]

Interesting. What is Nxt 2.0?

(Please use your own words    )

Already did.

Nxt 2.0 is an over-engineered hot mess just like the original, except with less support.

That seems to be your conclusion.
I wanted to know, what are the properties/features of Nxt 2.0 that lead to this conclusion?

Please elaborate.

[d5000]

My advice again ... Why not focus on merchant adoption of real goods and services instead doubling the tokens and increasing TPS for investing in asset scams and ponzi's?

Merchant adoption is _really_ an important thing and NXT hasn't been very active in this segment. Also there is low international presence. If you're outside the US / Europe you still must buy first Bitcoin until you can deal with NXT. I agree with you that NXT has limited the scope too much on the Asset Exchange.

My advices would be:
- NXT 2.0 seems a sound concept, I think it's good to continue in this direction. It solves the Monetary System problems and provides better scalability. So go on.
- But: Keep the API stable. That's really important for businesses. If there are new features, create new API messages.
- The less hard forks, the better.
- Direct marketing to merchants / eCommerce. NXT has already an integrated payment processor (the NXT Marketplace), so that should not be too difficult.
- Local adoption: A LocalNXT (modeled after LocalBitcoins) would be awesome. That's obviously something that the developers cannot do but must be carried out by other community members.

[iCEBREAKER]

[...]
Nxt 2.0
[...]

Interesting. What is Nxt 2.0?

(Please use your own words    )

Already did.

Nxt 2.0 is an over-engineered hot mess just like the original, except with less support.

That seems to be your conclusion.
I wanted to know, what are the properties/features of Nxt 2.0 that lead to this conclusion?

Please elaborate.

Less support = jl777 quit, the Lambo guy quit, price is way down, volume is way down, the market has moved on to modern things like ETH.

[LiQio]

[...]
Nxt 2.0
[...]

Interesting. What is Nxt 2.0?

(Please use your own words    )

Already did.

Nxt 2.0 is an over-engineered hot mess just like the original, except with less support.

That seems to be your conclusion.
I wanted to know, what are the properties/features of Nxt 2.0 that lead to this conclusion?

Please elaborate.

Less support = jl777 quit, the Lambo guy quit, price is way down, volume is way down, the market has moved on to modern things like ETH.

Okay, you seem to follow that project, but what is that Nxt 2.0 you are permanently referring to?

[d5000]

Nxt 2.0 short description:

- There is a new main blockchain called fNXT, used only for forging and simple transactions (without involving assets). So this is meant to be a much smaller blockchain than actually.
- NXT and all MS Currencies will be child chains from fNXT.
- The child chains are pruneable, although every full node owner can opt to keep all transactions forever ("archival nodes").
- Assets will be global and it will be possible to trade them with each "child" currency, not only NXT. I think also asset-to-asset-trading was meant to be possible this way.

Advantages:
- Better scalability, because of the smaller disk space requirement for simple (not-archival) full nodes.
- important: MS currency transactions pay their fees in their own currency, not in NXT. That will make them much more usable than today.
- Asset trading to MS currencies and other assets (?)

Disadvantages:
- The fNXT chain needs a new auxiliary currency. The plan is to distribute it among NXT holders, but not asset holders. So asset holders are the main opposing group to the 2.0 plans because they won't get fNXT when NXT 2.0 is launched. There is still discussion about this issue.

[Netnox]

I think many nxt holders going to switch to waves once that comes out.

[d5000]

I think many nxt holders going to switch to waves once that comes out.

That statement comes from a totally neutral forum user, who won't benefit from this scenario, as seen in your signature, right ?

But I am curious what Waves brings as innovations to the crypto-currency community. If it's open source, solves a real problem and is not a scam, then it is welcome for me (and I could even invest in it).

[farl4web]

I think many nxt holders going to switch to waves once that comes out.

That statement comes from a totally neutral forum user, who won't benefit from this scenario, as seen in your signature, right ?

But I am curious what Waves brings as innovations to the crypto-currency community. If it's open source, solves a real problem and is not a scam, then it is welcome for me (and I could even invest in it).

I think it will take many months/years before Waves becomes technically similar to Nxt.

[boomboom]

I think many nxt holders going to switch to waves once that comes out.

That statement comes from a totally neutral forum user, who won't benefit from this scenario, as seen in your signature, right ?

But I am curious what Waves brings as innovations to the crypto-currency community. If it's open source, solves a real problem and is not a scam, then it is welcome for me (and I could even invest in it).

I think it will take many months/years before Waves becomes technically similar to Nxt.

WAVES & NXT will end up being similar for asset exchange, but organizationally they are worlds apart. WAVES is basically a 'business', NXT isn't.

[BitcoinNational]

"jl777 quit" ?

did that drama really go down and i missed it :/

[boomboom]

"jl777 quit" ?

did that drama really go down and i missed it :/

jl777 didn't really 'quit', more he decided to move to another platform in an orderly fashion. As of this moment SN assets are all still on NXT, and the SN lite client & MGW are all still using NXT, but eventually afaik, the plan will be to find alternatives. The split between SN & NXT makes both stronger IMO

[sadface]

Nxt 2.0 short description:

- There is a new main blockchain called fNXT, used only for forging and simple transactions (without involving assets). So this is meant to be a much smaller blockchain than actually.
- NXT and all MS Currencies will be child chains from fNXT.
- The child chains are pruneable, although every full node owner can opt to keep all transactions forever ("archival nodes").
- Assets will be global and it will be possible to trade them with each "child" currency, not only NXT. I think also asset-to-asset-trading was meant to be possible this way.

Advantages:
- Better scalability, because of the smaller disk space requirement for simple (not-archival) full nodes.
- important: MS currency transactions pay their fees in their own currency, not in NXT. That will make them much more usable than today.
- Asset trading to MS currencies and other assets (?)

Disadvantages:
- The fNXT chain needs a new auxiliary currency. The plan is to distribute it among NXT holders, but not asset holders. So asset holders are the main opposing group to the 2.0 plans because they won't get fNXT when NXT 2.0 is launched. There is still discussion about this issue.

i stopped following nxt closely, but last i checked ms currencies would stay on the nxt child chain and not become their own child chains. has that changed?
also assets can be global, but don't have to be global. issuers can decide afaik.