NXT :: descendant of Bitcoin - Updated Information

[CIYAM]

Editing Wiki now.  This will take some time.  Also, we need to discuss the "interest" thing.  I dont really like that, especally compared to bitcoin.  Its not interest, its the same thing as bitcoin processing blocks for transaction fees.  What do you all think?

Don't use the word "interest" that is what "fiat" uses and is *wrong* when it comes to a currency with a fixed supply.

[1715161321]

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[1715161321]

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[1715161321]

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[jl777]

Question on ripple:

I managed to deposit some nxt, but now it seems that I have no access to them..
When I put in my RippleAddress it is asking for a secret key. What is that?? Did I create a secret key=? I have noticed a secret key previously, but when I put it in there and send on Sell, nothing happens. No message, no error, nothing. That is not really userfriendly..

If you are on a Mac, I think there are some problems with direct trade page. If you use the ripple wallet directly, you don't need to put any secret key anywhere, it is already in the ripple wallet.

Just go to trade page in wallet, type in "NXT/XRP" uppercase in the dropdown. Input peercover's ripple address for issuer: ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV

Now the orderbook will appear, current bid is 2.25 XRP and ask is 2.69 XRP, about 30% above dgex prices. Kind of a hassle, but worth doing to get a bit more from selling NXT

[msin]

Hi, sorry if this question has been answered but are the NXT addresses of the 71 stakeholders known publicly? If so, where can I find them. I think information of the coin dispersion would be useful and it would serve the NXT's transparency P2P-model well.

Also worth checking out blockchain with top accounts  http://87.230.14.1/nxt/nxt.cgi?action=34

[jl777]

Editing Wiki now.  This will take some time.  Also, we need to discuss the "interest" thing.  I dont really like that, especally compared to bitcoin.  Its not interest, its the same thing as bitcoin processing blocks for transaction fees.  What do you all think?

It is not the same at all!
Financially, it works like interest since if you have NXT, you get more NXT. Maybe dividend is a better word? NXT has a built in dividend reinvestment program (DRIP). BTC has nothing like this, certainly it doesn't go to the owners of BTC.

[jl777]

Editing Wiki now.  This will take some time.  Also, we need to discuss the "interest" thing.  I dont really like that, especally compared to bitcoin.  Its not interest, its the same thing as bitcoin processing blocks for transaction fees.  What do you all think?

Don't use the word "interest" that is what "fiat" uses and is *wrong* when it comes to a currency with a fixed supply.

What is the right word? I am trying to balance technical accuracy with conveying the appropriate concept to the reader.

"interest" "yield" "dividend"

[psybits]

I think CFB found very very critical-fatal-serious flaw in code, so he is selling all his NXT

he has 000.000.000 NXT

Flaw will appear after 50000 block

I hope so then we can all buy 1 000 000 NXT cheap 

[Ebrelus]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

[CIYAM]

What is the right word? I am trying to balance technical accuracy with conveying the appropriate concept to the reader.

I think "fee dividend" is probably about the best one (it conveys the idea that you get something because of your investment without the idea that that something "comes from nothing").

[ImmortAlex]

I'll check DGEX price to send the correct amount of NXT.

Price at dgex is falling like Niagara Falls. C-f-B, you move markets with one hand!

[psybits]

To make things clearer (about my idea) go to http://ciyam.org/open and then imagine that the information you see was not just local to a VPS using MySQL but instead was stored "in the blockchain" (meaning that any other server with the same app could take over the functionality with the current data).

(this is the "red pill" which I hope you guys are happy to consider swallowing)

Not strictly Nxt related - but you might be interested in Datacoin's in-blockchain web apps: https://bitcointalk.org/index.php?topic=405992.0

[martismartis]

I think CFB found very very critical-fatal-serious flaw in code, so he is selling all his NXT

he has 000.000.000 NXT

Flaw will appear after 50000 block

I hope so then we can all buy 1 000 000 NXT cheap  

CFB don't want to spread a fear or panic in market, he'll sell everything in steps, until 50000 block

[CIYAM]

Not strictly Nxt related - but you might be interested in Datacoin's in-blockchain web apps: https://bitcointalk.org/index.php?topic=405992.0

Did look at that - but won't be fast enough.

[jl777]

What is the right word? I am trying to balance technical accuracy with conveying the appropriate concept to the reader.

I think "fee dividend" is probably about the best one (it conveys the idea that you get something because of your investment without the idea that that something "comes from nothing").

Yes, that is pretty good. Also due to the variability each person gets a different rate, easier to understand the rate difference if it is a dividend (which is expected to vary) as opposed to interest (which is expected to be stable)

[ImmortAlex]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

If community can break only because there's no "to da moon!" action... Do we really need such kind of "community"?

[Damelon]

Don't sell NXTs so cheap.

Sorry, nothing personal, but I really had to laugh hard when reading this.

After two weeks of "Why is it so expensive?", the price is dropping, we have a cheap sale and now this.

I am officially baffled.

[jl777]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

If community can break only because there's no "to da moon!" action... Do we really need such kind of "community"?

We are at yuriygeorge's price point, at least on dgex.

[jl777]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

Warren Buffett said, “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

[mcjavar]

Question on ripple:

I managed to deposit some nxt, but now it seems that I have no access to them..
When I put in my RippleAddress it is asking for a secret key. What is that?? Did I create a secret key=? I have noticed a secret key previously, but when I put it in there and send on Sell, nothing happens. No message, no error, nothing. That is not really userfriendly..

If you are on a Mac, I think there are some problems with direct trade page. If you use the ripple wallet directly, you don't need to put any secret key anywhere, it is already in the ripple wallet.

Just go to trade page in wallet, type in "NXT/XRP" uppercase in the dropdown. Input peercover's ripple address for issuer: ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV

Now the orderbook will appear, current bid is 2.25 XRP and ask is 2.69 XRP, about 30% above dgex prices. Kind of a hassle, but worth doing to get a bit more from selling NXT

You must have at least 30 XRP to submit an order.

I have 29.99, lol

I think ripple doesnt want me to trade there

[msin]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

Warren Buffett said, “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

Yep, it's a great time to buy Nxt.

[psybits]

Don't sell NXTs so cheap and in big amounts because you only help speculators kill Nxt rate on DGEX. Seriously, not when bitcoin is falling. This is the best way to damage community because noone will invest in it since rate can't recover. Even big stock holders aren't damaging it so much like you this way. I don't see any strategy here no HOLD action to help Nxt rate and create demand boosting community growth. When someone leaves dgex he want go back soon. Even if someone don't like dgex it will still affect price of Nxt on any other exchange in future. Kill it and u'll kill Nxt.

Warren Buffett said, “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

Nxt is so young still - it is not going to reach its full price potential for a while.

These dips are good - enables more people to join and buy more Nxt - distributing more Nxt around to more people.