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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2760179 times)
2Kool4Skewl
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March 03, 2014, 09:00:07 AM
 #39741

Communities that use social credit systems usually do so because they lack capital.

That's right.

But I want a broader discussion of motivation and implications before we just say "come on, let's make it free".

The higher we make the registration fee, the lower the amount of assets that will be registered on Nxt's AE.  Keeping the asset registration fee high doesn't benefit anyone.  It doesn't benefit those who would like to register an asset and it also doesn't benefit the forgers.  The forgers might make more NXT per asset registered, but there will be fewer assets registered if the fee is high.  Leaving the asset registration fee at 1000 NXT, like Come-from-Beyond mentioned, is a good idea to prevent squatting.

It's my thought that alias registration, asset registration and tx fees should all be low, 0.1 NXT or less.


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ChuckOne
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March 03, 2014, 09:07:21 AM
 #39742

nobody is aware of nxt thanks to epic failing marketing

they burn nxt with zero result and wrong approach but nobody dare to tell

marketing priority must be get fresh money in to nxt but money is flowing out of nxt due constant selling.

What do you suggest then?

whales need to stop selling below 1$


simple: draw the money into nxt! nxt need BUY VOLUME!

you dont get that by shaking hands on conferences exchaging printed businesscards.

marketing must shift and focus on investors, not in the public that already know nxt as they do now.

GO GET THE MONEY

Well, I agree. Fiat volume is one key success factor of NXT.

What target audience do you think would be interested in NXT?

I think banks are not interested as NXT is the holy thread to their current, very profitable system.
farl4web
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March 03, 2014, 09:12:08 AM
 #39743

So could some stakeholders put the biggest chunk of bounty in history of mankind out there for atomic cross chain transaction on nxt please? During this time (this will take a while?!) we should have the best community driven gateway possible, which james is currently building.
OK.
3M NXT (up to 5M for additional features) for atomic cross chain transactions.
Conditions:
a) working client for average user;
b) official approve of all three NXT Funding Committees;
c) fully working asset exchange;
d) working transparent forging in the part marked bold:
NB: The only penalty is inability to mine blocks within some period of time. They still can decide not to bother with mining, but their "hashing" power will be distributed to those who do protect the network.
Last two conditions are my conditions to stop holding investment in 50M NXT.
Good job man! Good to see that the stakeholders are awake and willing to invest in Nxt! Maybe you can help with Peerexplorer.com too? Putting as much nodes as possible to strengten the Nxt network.  Smiley

Follow the latest blockchain news: https://twitter.com/farl
Emule
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March 03, 2014, 09:13:47 AM
 #39744

nobody is aware of nxt thanks to epic failing marketing

they burn nxt with zero result and wrong approach but nobody dare to tell

marketing priority must be get fresh money in to nxt but money is flowing out of nxt due constant selling.

What do you suggest then?

whales need to stop selling below 1$


simple: draw the money into nxt! nxt need BUY VOLUME!

you dont get that by shaking hands on conferences exchaging printed businesscards.

marketing must shift and focus on investors, not in the public that already know nxt as they do now.

GO GET THE MONEY

Well, I agree. Fiat volume is one key success factor of NXT.

What target audience do you think would be interested in NXT?

I think banks are not interested as NXT is the holy thread to their current, very profitable system.


there is some guy getting 40k a month here to figure that out!

i dont consult for free
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March 03, 2014, 09:14:30 AM
 #39745

Good news everyone.
Video already done, you can download it from this topic:
https://nextcoin.org/index.php/topic,3981.msg37555.html#msg37555
great work guys, video looks awesome!
michey1980
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March 03, 2014, 09:16:51 AM
 #39746

ow,my god ,look ,what was i lost .give me a chance and let me join the NMAC share ,please!!very  thanks,i just want the NMAC shares for  300000 ,thanks !my nxt coin was ready to fee.ok?
bitcoinpaul
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March 03, 2014, 09:17:29 AM
Last edit: March 03, 2014, 09:28:18 AM by bitcoinpaul
 #39747


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
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March 03, 2014, 09:21:07 AM
 #39748

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

landomata
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March 03, 2014, 09:21:30 AM
 #39749

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
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March 03, 2014, 09:24:08 AM
 #39750

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

The fee goes to the account that forges the block.


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newegggo
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March 03, 2014, 09:29:36 AM
 #39751

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.

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March 03, 2014, 09:33:49 AM
 #39752

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
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March 03, 2014, 09:40:11 AM
 #39753

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
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hehe


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March 03, 2014, 09:42:35 AM
 #39754

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
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March 03, 2014, 09:42:40 AM
 #39755

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

Passion_ltc
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March 03, 2014, 09:42:53 AM
 #39756

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
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March 03, 2014, 09:44:02 AM
 #39757

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
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March 03, 2014, 09:44:22 AM
 #39758

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
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March 03, 2014, 09:46:30 AM
 #39759


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
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March 03, 2014, 09:46:34 AM
 #39760

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.

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