NXT :: descendant of Bitcoin - Updated Information

[bitcoinpaul]

Possible motivations:

- spam prevention
- Name squatting
- scamming possibilities by issuing nearlyidentical assets (like "BTC.")
- entry barrier for raising money (e.g. social credit system)
- overwhelming confusing supply of different assets

what else?

- forging fees (low fee -> more assets -> more low fees, high fee -> less assets -> less high fees. same 'problem' with transactions, AM, ...)

What else?

[newegggo]

a stupid question: where is the registration fee going? to the lucky miners?

[landomata]

NMAC UPDATE

The NMAC private placement was closed to new entries on Saturday, March 1st as we are over subscribed.  


You can still purchase shares on the Nxt Asset Exchange.  We will sell 25 million shares on Asset Exchange launch day.


The price will be 0.01 nxt per. share.



Best regards,
Landomata

[2Kool4Skewl]

a stupid question: where is the registration fee going? to the lucky miners?

The fee goes to the account that forges the block.

[newegggo]

NMAC UPDATE

The NMAC private placement was closed to new entries on Saturday, March 1st as we are over subscribed.  


You can still purchase shares on the Nxt Asset Exchange.  We will sell 25 million shares on Asset Exchange launch day.


The price will be 0.01 nxt per. share.



Best regards,
Landomata

damn it. I missed the private placement.

[Passion_ltc]

NMAC UPDATE

The NMAC private placement was closed to new entries on Saturday, March 1st as we are over subscribed. 


You can still purchase shares on the Nxt Asset Exchange.  We will sell 25 million shares on Asset Exchange launch day.


The price will be 0.01 nxt per. share.



Best regards,
Landomata

damn it. I missed the private placement.

Well, what am I missing here? I think this is the biggest hoax..

[bitcoinpaul]

Well, what am I missing here? I think this is the biggest hoax..

I think the intentions are good, but the outlook isn't so bright. They now raised a shitload of money for a 'company' which programmed an ugly messaging app (which no one needs) and has no other ideas what it should do. additionally, they don't plan to pay dividends and only sell 1/10 of the shares.

good intentions, exaggerate ipo, high risk

[leetrump]

NMAC UPDATE

The NMAC private placement was closed to new entries on Saturday, March 1st as we are over subscribed.  


You can still purchase shares on the Nxt Asset Exchange.  We will sell 25 million shares on Asset Exchange launch day.


The price will be 0.01 nxt per. share.



Best regards,
Landomata

When the AE launch day？in April？

[google98]

couldnt be here the last days, is there an official launch date for AE?

[Passion_ltc]

Well, what am I missing here? I think this is the biggest hoax..

I think the intentions are good, but the outlook isn't so bright. They now raised a shitload of money for a 'company' which programmed an ugly messaging app (which no one needs) and has no other ideas what it should do. additionally, they don't plan to pay dividends.

good intentions, exaggerate ipo, high risk

Yea, everyone can code this app in 2-3 days. They have a huge sum and after the other IPO stages they are millionaires. But there is absolutely NO return! Damn, ppl are funny..

[bitcoinpaul]

Well, what am I missing here? I think this is the biggest hoax..

I think the intentions are good, but the outlook isn't so bright. They now raised a shitload of money for a 'company' which programmed an ugly messaging app (which no one needs) and has no other ideas what it should do. additionally, they don't plan to pay dividends.

good intentions, exaggerate ipo, high risk

Yea, everyone can code this app in 2-3 days. They have a huge sum and after the other IPO stages they are millionaires. But there is absolutely NO return! Damn, ppl are funny..

"millionaires" is a bit exaggerated, too. but too much money. really lol.

[landomata]

Well, what am I missing here? I think this is the biggest hoax..

I think the intentions are good, but the outlook isn't so bright. They now raised a shitload of money for a 'company' which programmed an ugly messaging app (which no one needs) and has no other ideas what it should do. additionally, they don't plan to pay dividends.

good intentions, high risk

Our Prospectus/business plan is clear for you both to read if you wish.

https://mega.co.nz/#!fEAUlaqD!7_wUKeM6gdtHZdTUrbRRpgg1MS8z_xi38k8IBb5_sJs

[landomata]

When the AE launch day？in April？

NMAC is ready to go....we are just waiting on the community/dev's to launch AE.


Edit: Once community decides it is free of bugs...it should be soon I hope.

[chanc3r]

multisig? decenteralized trust by adding more trustee? with potentially losing all stake if one trustee went awol? I honestly dont get it. please explain. Also gateways have full node using bitcoind? What year is this? Just use electrum. It is better that a full node in terms of tradeoffs, security, effeciency and consistency.

I can discuss this in length and details if the devs are interested.

Currently it is 2 of 3 multisig. If one of the signers disappeared, the other 2 would need to transfer to a new wallet, presumably adding a replacement third signer.

This is 2014. I was not aware electrum supported all the altcoins. I will try to find electrum for DOGE.

I am definitely interested as I am just a simple C programmer and always trying to learn.

James

Edit: Please explain how all gateways using the same electrum servers makes it more secure? I thought that having geographically separate servers running their own bitcoind would at least provide redundancy and if any one of them goes on a fork, the other two would notice.

I would go for N+1 of N+2 because of this - also if this gets big then for normal operational reasons i would have N+1 gateways anyway otherwise if one fails for operational reasons you are on N-1 and you are not quorate.

[bitcoinpaul]

Well, what am I missing here? I think this is the biggest hoax..

I think the intentions are good, but the outlook isn't so bright. They now raised a shitload of money for a 'company' which programmed an ugly messaging app (which no one needs) and has no other ideas what it should do. additionally, they don't plan to pay dividends.

good intentions, high risk

Our Prospectus/business plan is clear for you both to read if you wish.

https://mega.co.nz/#!fEAUlaqD!7_wUKeM6gdtHZdTUrbRRpgg1MS8z_xi38k8IBb5_sJs

sorry, much blahblah, not more.

[fmiboy]

Cryptsy just added NXT

https://twitter.com/cryptsy/status/440315862294081536

another good news!

[bitcoinpaul]

Landomata, just tell me how much NXT you just raised and calculate this NXT in US Dollar, would you please do this for me?

[Passion_ltc]

Well, what am I missing here? I think this is the biggest hoax..

I think the intentions are good, but the outlook isn't so bright. They now raised a shitload of money for a 'company' which programmed an ugly messaging app (which no one needs) and has no other ideas what it should do. additionally, they don't plan to pay dividends.

good intentions, exaggerate ipo, high risk

Yea, everyone can code this app in 2-3 days. They have a huge sum and after the other IPO stages they are millionaires. But there is absolutely NO return! Damn, ppl are funny..

"millionaires" is a bit exaggerated, too. but too much money. really lol.

NXT Millionaire. Total of 1M NXT.


lando: You plan to use the NXT system for the messages. So via AM right? What if the price rise to 20ct per NXT/msg. You won't get 500k users with this. Also there is Whatsapp, Threema, Telegram etc. for free with huge server farms.

Edit: Don't understand me wrong. I appreciate your efforts and hope that the investors gets profits. But it seems unlikely right now.

[landomata]

Landomata, just tell me how much NXT you just raised and calculate this NXT in US Dollar, would you please do this for me?

NMAC has not collected 1 NXT from ANYONE at this point.


We only have pledges for ~ 80 million shares at the moment.


Price: 0.01 Nxt per. share

I;m sure you can work out the math for USD.


Edit: 80 million at placement close on Saturday....I think another 20 million shares in pledges has come in since then.

[instacalm]

Good news everyone.
Video already done, you can download it from this topic:
https://nextcoin.org/index.php/topic,3981.msg37555.html#msg37555

Also uploading...

https://www.youtube.com/watch?v=_qi5r9kajDI&feature=youtu.be

Done!

Extremely nice work, hope you will get a great sum of NXT for producing this, d13id. Sent you some to make a start.