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Author Topic: The Centralized NXT IS BEING DEAD  (Read 15324 times)
DecentralizeEconomics
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December 13, 2015, 06:18:28 AM
 #201

NXT = next scam?

Something about it just didnt sit well with me.

Too bad.  If you would have invested after NXT was released, you would still have quite an ROI.

Didn't that guy John something (justabit) like have some scam go on with his account?

John was supposedly "hacked" if you believe him.

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December 13, 2015, 07:33:48 AM
 #202

As expected! Roll Eyes

That's the reason why majority of online wallets removed NXT from their lists including Shapeshift.io Shocked

It's a shame that the developers had a mere intention of dumping the coins rather than pushing it's ability a lot further. Undecided

I already smelled something fishy when they skipped the question of future road-map towards NXT!

NXT's roadmap should have been done two years ago, BEFORE or when the coin was launched.

It's too late to stack more vaporware on top of this abandoned zero-volume platform.

NXT should release a Roadmap Roadmap, to tell us their plans for future roadmap releases!   Cheesy Cheesy Cheesy

Even you should have some minimal standards when it comes to quoting other trolls  Cheesy
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December 13, 2015, 02:31:37 PM
 #203

Time for a swift eyeball roll and some information, though it's probably wasted on iCE and BT:

Nxt roadmap has pretty much been constant:
http://www.nxttechnologytree.com/
over the last 2 years, with a few tweaks here and there.
Nxt has always had a plan, and has gone a long way to implementing that plan.

John M. was involved with Nxt for about 4-5 months almost 2 years ago, and his (supposedly) hacked forum account was involved in stealing about 50 BTC from a couple of Nxt community members. Not good, but not relevant to anything to do with Nxt technology  (except to prove once again that crypto is full of scammers, and that Nxt needed to be a lot more careful about choosing external contractors)

Anyway: lets move on to the fun stuff.
We're testing the Nxt CoinShuffle implementation today:

https://bitbucket.org/JeanLucPicard/nxt/issues/325/coin-shuffling

https://bitcointalk.org/index.php?topic=587007.msg13235179#msg13235179

Shuffling Sunday NxtForum Thread

Anyone who wants to play, feel free to join in.

Nulli Dei, nulli Reges, solum NXT
Love your money: www.nxt.org  www.ardorplatform.org
www.nxter.org  www.nxtfoundation.org
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December 14, 2015, 03:02:09 AM
 #204

Dave,

Quick question, are the people behind Tenessee gonna bite the bullet and sell a majority of the NXT outright (may cause a further fall in price), or are they gonna hold most and sell little by little (losing value in funding BTC-wise as NXT is trending down)?

I ask because the latter was what Ethereum did reducing their war chest by 50% in USD value.

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December 14, 2015, 11:13:06 AM
 #205

NXT = next scam  ?
YES!!!

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December 14, 2015, 11:24:30 AM
 #206

Dave,

Quick question, are the people behind Tenessee gonna bite the bullet and sell a majority of the NXT outright (may cause a further fall in price), or are they gonna hold most and sell little by little (losing value in funding BTC-wise as NXT is trending down)?

I ask because the latter was what Ethereum did reducing their war chest by 50% in USD value.
NO WORRY.
THE DEV Still  hold 990,000,000 to dump. Grin

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December 14, 2015, 11:25:11 AM
 #207

As expected! Roll Eyes

That's the reason why majority of online wallets removed NXT from their lists including Shapeshift.io Shocked

It's a shame that the developers had a mere intention of dumping the coins rather than pushing it's ability a lot further. Undecided

I already smelled something fishy when they skipped the question of future road-map towards NXT!

NXT's roadmap should have been done two years ago, BEFORE or when the coin was launched.

It's too late to stack more vaporware on top of this abandoned zero-volume platform.

NXT should release a Roadmap Roadmap, to tell us their plans for future roadmap releases!   Cheesy Cheesy Cheesy
Cheesy

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December 14, 2015, 12:56:08 PM
 #208

Dave,

Quick question, are the people behind Tenessee gonna bite the bullet and sell a majority of the NXT outright (may cause a further fall in price), or are they gonna hold most and sell little by little (losing value in funding BTC-wise as NXT is trending down)?

I ask because the latter was what Ethereum did reducing their war chest by 50% in USD value.

We're selling as needed, via the OnDemand service from LiquidTech:
http://www.liquidtech.info/ondemand
So, yeah, little by little.

So far, we've liquidated around 1 million NXT in the first 6 weeks that Tennessee has been running for, and the NXT price has remained (semi-)stable, so we're still pretty much on budget and on plan.



Nulli Dei, nulli Reges, solum NXT
Love your money: www.nxt.org  www.ardorplatform.org
www.nxter.org  www.nxtfoundation.org
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December 15, 2015, 05:36:27 AM
 #209

Dave,

Quick question, are the people behind Tenessee gonna bite the bullet and sell a majority of the NXT outright (may cause a further fall in price), or are they gonna hold most and sell little by little (losing value in funding BTC-wise as NXT is trending down)?

I ask because the latter was what Ethereum did reducing their war chest by 50% in USD value.

We're selling as needed, via the OnDemand service from LiquidTech:
http://www.liquidtech.info/ondemand
So, yeah, little by little.

So far, we've liquidated around 1 million NXT in the first 6 weeks that Tennessee has been running for, and the NXT price has remained (semi-)stable, so we're still pretty much on budget and on plan.



ED,DONOT waste your time with conspiracy,or you will be judged too.

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December 21, 2015, 10:29:44 PM
 #210

What happened to TF, any ETA on its implementation? Its surprising that after all this time there is still no TF when it was one of the features promised on launch.


If you understand TF*  == the ability to predict the next block with a high probability... such as said here...

TF is just an ability to "predict" the future. All the other is bells and whistles.

... then it has been implemented since block 30,000 (1st January 2014)

You can see it alive and kicking, predicting the next forger, here



Otherwise you will have to ask a more specific question as I am not sure what else to tell you.



*Transparent Forging

 I thought that once TF was implemented the debilitating block times would go away. I guess I misunderstood, in which case the block times are an issue.






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December 22, 2015, 04:01:54 AM
 #211

What happened to TF, any ETA on its implementation? Its surprising that after all this time there is still no TF when it was one of the features promised on launch.


If you understand TF*  == the ability to predict the next block with a high probability... such as said here...

TF is just an ability to "predict" the future. All the other is bells and whistles.

... then it has been implemented since block 30,000 (1st January 2014)

You can see it alive and kicking, predicting the next forger, here



Otherwise you will have to ask a more specific question as I am not sure what else to tell you.



*Transparent Forging

 I thought that once TF was implemented the debilitating block times would go away. I guess I misunderstood, in which case the block times are an issue.

Block times are going to be resolved in 1.7 to my knowledge.

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December 22, 2015, 05:13:07 AM
 #212

Oh altcoin subforum you're so fun, too many people try and sway opinions to make their holdings go up and it is just rampant in this thread. I am taking my leave of it, newbies pay attention. Don't Trust a lot of these posters.

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December 27, 2015, 02:15:13 AM
 #213

NXT died last night!
https://bitcointalk.org/index.php?topic=1298246.0
 Grin

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December 27, 2015, 02:18:14 AM
 #214

Quote

The NXT Foundation / Tennessee Marketing Project Is a Joke

https://bitcointalk.org/index.php?topic=1288698.0

Idiots post some bullshit papers so called for marketing. Grin

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December 27, 2015, 02:40:31 AM
 #215

https://bitcointalk.org/index.php?topic=345619.msg5567483#msg5567483
Quote

My guess is that what they really want is just a few large players working as a tight group to control the network (it would explain the reason why so few were included in the IPO also - things like 21 BTC are just red herrings to my thinking).

Ok,the truth,

At the just beginning,the 73 holders as centralized node validating transactions.

Now,NXT add more hardcoded checkpoints to make it work.

NXT IS CENTRALIZED to achieve consensus,and NXT network will suspend or rewrite easily without these checkpoints.

Worst design,just copy bitcoin with stake replacing mining hash.

 Grin

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December 27, 2015, 08:27:35 AM
 #216

https://bitcointalk.org/index.php?topic=345619.msg5567483#msg5567483
Quote

My guess is that what they really want is just a few large players working as a tight group to control the network (it would explain the reason why so few were included in the IPO also - things like 21 BTC are just red herrings to my thinking).

Ok,the truth,

At the just beginning,the 73 holders as centralized node validating transactions.

Now,NXT add more hardcoded checkpoints to make it work.

NXT IS CENTRALIZED to achieve consensus,and NXT network will suspend or rewrite easily without these checkpoints.

Worst design,just copy bitcoin with stake replacing mining hash.

 Grin

When NXT becomes larger, it will not needs too many check points. It is still in early stages, but bitcoin 5 years ago.

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December 29, 2015, 01:34:11 AM
 #217

https://bitcointalk.org/index.php?topic=345619.msg5567483#msg5567483
Quote

My guess is that what they really want is just a few large players working as a tight group to control the network (it would explain the reason why so few were included in the IPO also - things like 21 BTC are just red herrings to my thinking).

Ok,the truth,

At the just beginning,the 73 holders as centralized node validating transactions.

Now,NXT add more hardcoded checkpoints to make it work.

NXT IS CENTRALIZED to achieve consensus,and NXT network will suspend or rewrite easily without these checkpoints.

Worst design,just copy bitcoin with stake replacing mining hash.

 Grin

When NXT becomes larger, it will not needs too many check points. It is still in early stages, but bitcoin 5 years ago.
Nothing with time stage,just with centralized checkpoints. Grin

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December 29, 2015, 03:00:56 AM
 #218

Can you make a more detailed post about that?  Something a non-technical person can understand.

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December 30, 2015, 06:54:54 AM
 #219

Can you make a more detailed post about that?  Something a non-technical person can understand.
https://www.reddit.com/r/Bitcoin/comments/2pvt1e/proof_of_work_proof_of_stake_and_the_consensus/

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January 01, 2016, 01:23:58 PM
 #220

Nxt is doing pretty well these days, i hope the POS currencies will rise this year.

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