NXT :: descendant of Bitcoin - Updated Information

[Hacer88]

So what now? Panic sell? Because NXT will not be worth 1$ anymore? =)

I still think that NXT will be worth 1$. Dunno why u think it won't.

Maybe I didn't understand it quite good.

"NXTs as coins... NXTs r not coins, at least the creator of Nxt didn't want them to be coins. They r tokens that grant privileges to support Nxt. Deflation is not much better than inflation, "real" coins should be created on top of Nxt and be issued in quantities that keep their value constant. BCNext understands that this is very arguable, the community should decide if it wants to follow the path showed by him or stick to Bitcoin legacy with unchangeable supply of coins in hope to become rich by doing nothing."

So he means that the "real" coins created on top of the Nxt should keep their value constant with changeable supply of coins.
But NXT will still have the same amount of coins right?

If that's so I think you are right. Value can rise.

Maybe it's a plan to create real coins with constant values and real coins with unchaneable supply of coins.
I don't know if this is possible =)

ps. I'm an average Joe user. That's why I ask stupid questions :p

[^[GS]^]

I just want to clarify that NXTio is not "selfish mining". We perform a supportive role to those unable to forge on his own.

[landomata]

Maybe it's a plan to create real coins with constant values and real coins with unchaneable supply of coins.
I don't know if this is possible =)

ps. I'm an average Joe user. That's why I ask stupid questions :p

This would solve the problem of price volatility for merchants & consumers....

WE SHOULD START TO BUILD NXTMONEY == fixed price/value in all major currencies.


EDIT: IDEA -- NXTMONEY can transacted on SMARTPHONE!....this is my first parameter.

[Come-from-Beyond]

But NXT will still have the same amount of coins right?

Right.

[Come-from-Beyond]

WE SHOULD START TO BUILD NXTMONEY == fixed price/value in all major currencies.

We need economists for that or u will end with eMunie-like system. I still doubt that eMunie "constant value" idea will work if people start selling EMUs.

[landomata]

WE SHOULD START TO BUILD NXTMONEY == fixed price/value in all major currencies.

We need economists for that or u will end with eMunie-like system. I still doubt that eMunie "constant value" idea will work if people start selling EMUs.

The price will be peg in Asset Exchange so we can keep it stable....this is beyond e-munie.


Nxtmoney/YEN....Nxtmoney/GOLD....Nxtmoney/USD etc....pegged....just like CNY/USD  or AED/USD is pegged/Fixed exchange rate.

1 USD == AED 3.685    so 1 NXTM == 1 USD etc....

[Passion_ltc]

WE SHOULD START TO BUILD NXTMONEY == fixed price/value in all major currencies.

We need economists for that or u will end with eMunie-like system. I still doubt that eMunie "constant value" idea will work if people start selling EMUs.

The price will be peg in Asset Exchange so we can keep it stable....this is beyond e-munie.


Nxtmoney/YEN....Nxtmoney/GOLD....Nxtmoney/USD etc....pegged....just like CNY/USD  or AED/USD is pegged/Fixed exchange rate.

1 USD == AED 3.685    so 1 NXTM == 1 USD etc....

http://www.finanzen.net/devisen/us_dollar-dirham/chart

There is no fixed exchanged rate in the world!

[iruu]

The only way to do this is to have a USD asset issued by someone... just like in Ripple. What's the point?

[landomata]

WE SHOULD START TO BUILD NXTMONEY == fixed price/value in all major currencies.

We need economists for that or u will end with eMunie-like system. I still doubt that eMunie "constant value" idea will work if people start selling EMUs.

The price will be peg in Asset Exchange so we can keep it stable....this is beyond e-munie.


Nxtmoney/YEN....Nxtmoney/GOLD....Nxtmoney/USD etc....pegged....just like CNY/USD  or AED/USD is pegged/Fixed exchange rate.

1 USD == AED 3.685    so 1 NXTM == 1 USD etc....

http://www.finanzen.net/devisen/us_dollar-dirham/chart

There is no fixed exchanged rate in the world!

That is the profit spread between buy & sell.....I live in Dubai....I've experienced how it works for many years now.

[Bitventurer]

updates from mastercoin: http://blog.mastercoin.org/2014/02/06/development-update-5-ready-set-dex-and-innovative-bounties/

Too bad we don't have real world people mentioned in real world press releases like this.  It would go a long way to boosting NXT acceptance, adoption, and exchange price.

So...what would it take to do better at our public relations face to the public?  What is the next major milestone we could announce to the world?  

cannot sleap, too much weed..

I asked for a letter so we could send it to universities and businessmen https://bitcointalk.org/index.php?topic=345619.msg5007480#msg5007480

Then we are working on articles, some of them are still free:
https://bitcointalk.org/index.php?topic=412243.msg5009460#msg5009460
- I am finishing the text "Decentralized internet and Nxt solutions", so I hope it will get some comments from the community and them we can send it to big mainstream media and get attention from guys like Kim Dotcom or Assagne. As was said, contact with Kim is possible, but we need to show him this text first

haha , looks lie we will have some real fun in berlin ,
PS: couldnt sleep yesterday iether coz f that...BAM

[Bitventurer]

updates from mastercoin: http://blog.mastercoin.org/2014/02/06/development-update-5-ready-set-dex-and-innovative-bounties/

Too bad we don't have real world people mentioned in real world press releases like this.  It would go a long way to boosting NXT acceptance, adoption, and exchange price.

So...what would it take to do better at our public relations face to the public?  What is the next major milestone we could announce to the world?  

cannot sleap, too much weed..

I asked for a letter so we could send it to universities and businessmen https://bitcointalk.org/index.php?topic=345619.msg5007480#msg5007480

Then we are working on articles, some of them are still free:
https://bitcointalk.org/index.php?topic=412243.msg5009460#msg5009460
- I am finishing the text "Decentralized internet and Nxt solutions", so I hope it will get some comments from the community and them we can send it to big mainstream media and get attention from guys like Kim Dotcom or Assagne. As was said, contact with Kim is possible, but we need to show him this text first

+ we add some more stuff to the mastermind plans : List of Bounties and Donations ... donations to org's like wikileaks , and real charities ...

[TwinWinNerD]

The 2nd part of BCNext's plan - https://bitcointalk.org/index.php?topic=458036.0

Advocating paragraph: "Transparency extended to absolute leads to inability to cheat thus removing necessity to think if someone should trust another one.", I think you should add the option to cancel a transaction, "even at the cost of losing the fee!"

If an option is implemented where transactions can be reversed, I myself and about 90% of all investors/enthusiasts would leave the ship.

This might be the most retarded idea of the century. Props

[Labteck]

you said NXT / GOLD ?
This could be fukring big man

[landomata]

The 2nd part of BCNext's plan - https://bitcointalk.org/index.php?topic=458036.0

Advocating paragraph: "Transparency extended to absolute leads to inability to cheat thus removing necessity to think if someone should trust another one.", I think you should add the option to cancel a transaction, "even at the cost of losing the fee!"

If an option is implemented where transactions can be reversed, I myself and about 90% of all investors/enthusiasts would leave the ship.

This might be the most retarded idea of the century. Props

No idea is retarded....maybe he see's something we don't...lets give him time to explain.

[TwinWinNerD]

The 2nd part of BCNext's plan - https://bitcointalk.org/index.php?topic=458036.0

Advocating paragraph: "Transparency extended to absolute leads to inability to cheat thus removing necessity to think if someone should trust another one.", I think you should add the option to cancel a transaction, "even at the cost of losing the fee!"

If an option is implemented where transactions can be reversed, I myself and about 90% of all investors/enthusiasts would leave the ship.

This might be the most retarded idea of the century. Props

No idea is retarded....maybe he see's something we don't...lets give him time to explain.

This would make us the paypal of cryptocurrencies. I bet that would work out nicely.... NOT

[Hacer88]

you said NXT / GOLD ?
This could be fukring big man

Gold created Fiat
NXT creates Crypto

Nxt = Gold

Mind is blown :p

[bitcoinpaul]

The 2nd part of BCNext's plan - https://bitcointalk.org/index.php?topic=458036.0

Advocating paragraph: "Transparency extended to absolute leads to inability to cheat thus removing necessity to think if someone should trust another one.", I think you should add the option to cancel a transaction, "even at the cost of losing the fee!"

If an option is implemented where transactions can be reversed, I myself and about 90% of all investors/enthusiasts would leave the ship.

This might be the most retarded idea of the century. Props

No idea is retarded....maybe he see's something we don't...lets give him time to explain.

Right. I don't see why this idea is good, but maybe he has an explanation.

[TwinWinNerD]

The 2nd part of BCNext's plan - https://bitcointalk.org/index.php?topic=458036.0

Advocating paragraph: "Transparency extended to absolute leads to inability to cheat thus removing necessity to think if someone should trust another one.", I think you should add the option to cancel a transaction, "even at the cost of losing the fee!"

If an option is implemented where transactions can be reversed, I myself and about 90% of all investors/enthusiasts would leave the ship.

This might be the most retarded idea of the century. Props

No idea is retarded....maybe he see's something we don't...lets give him time to explain.

Right. I don't see why this idea is good, but maybe he has an explanation.

He will say:

Because we can reverse stolen funds transfers.

But:

Actually we couldn't even do that. If the acccount is compromised, even if you cancel the trasfer the funds would be lost, because you would never be able to spend them (because the attacker can just cancel your transfer)

If he wants to counter scam in P2P trading, then yes maybe, but it will lead to even more scam...

The only upside would be that if you misstype the reciving address you can do some good.

But obviously the cons outdo the pros and the wrong address issue should be solved with checksums clientside..

[^[GS]^]

The 2nd part of BCNext's plan - https://bitcointalk.org/index.php?topic=458036.0

Advocating paragraph: "Transparency extended to absolute leads to inability to cheat thus removing necessity to think if someone should trust another one.", I think you should add the option to cancel a transaction, "even at the cost of losing the fee!"

If an option is implemented where transactions can be reversed, I myself and about 90% of all investors/enthusiasts would leave the ship.

This might be the most retarded idea of the century. Props

This idea could save many users being hacked and emptied.  

1) send 1000 NXT and 2 fee
2) 800 before confirmation, canceled.
3) you back to 1000, but the 2 of fee are ongoing and will be forged.

The system is not lost! everyone happy!

[Pouncer]

MtGox: Bitcoin Transaction Malleability bug

https://www.mtgox.com/press_release_20140210.html

BTC Crash!

"Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin."

NXT not affected!!