NXT :: descendant of Bitcoin - Updated Information

[ChuckOne]

Hey guys, I've been hanging out in #nxtalk for awhile but haven't posted here yet. Figured I should introduce myself.

I am a software engineer with ~7 years of experience in the finance industry. At my day job, I'm mostly a c++ developer, though I've dabbled in quite a few languages. I have some Java experience from some Android development I did.

I don't have any experience in crypto, but it interests me and I'm considering getting involved in some fashion. I am sure there is considerable ramp-up time for an engineer to get comfortable enough with the code to contribute, but I will keep lurking here to see if there is some place I may be able to insert myself.

Welcome aboard.

[salsacz]

Hey Guys, Im wondering.. Why is the price of NXT doesnt go up, for such a long time now? Everybody say its a real good coin, a lot of people are working on it, but for months around the 7500 satoshi...

there are few stakeholders who are selling millions of Nxt. Price isn't crashing, but also it isn't rising.
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4483676211889446810
This stakeholder has 12 millions, he sold 2 mega in last days. After he sells all he wants to sell, price will go up.

[BitcoinForumator]

Hey Guys, Im wondering.. Why is the price of NXT doesnt go up, for such a long time now? Everybody say its a real good coin, a lot of people are working on it, but for months around the 7500 satoshi...

there are few stakeholders who are selling millions of Nxt. Price isn't crashing, but also it isn't rising.
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4483676211889446810
This stakeholder has 12 millions, he sold 2 mega in last days. After he sells all he wants to sell, price will go up.

emule helping

[BitcoinForumator]

***Off-topic***


WTF?!?!?   

http://huvrtech.com/

fake, come on

[dbcmaster]

Your Nxt is lost if you sent it to another address, what we call darknxt.  What is your actual Nxt address?

4130786567454766284

[bitcoinpaul]

***Off-topic***


WTF?!?!?    

http://huvrtech.com/

fake, come on

OMG
I'm shocked how old Tony Hawk looks.

[BitcoinForumator]

fake, come on

 

do they accept Bitcoins?

[igmaca]

 

[pinarello]

Hey Guys, Im wondering.. Why is the price of NXT doesnt go up, for such a long time now? Everybody say its a real good coin, a lot of people are working on it, but for months around the 7500 satoshi...

It sounds promising on some sides, and also sounds worrying on other sides.
Many people consider current price to be too high.

contrary, price is way to low to be interesting.

sell triggers selling, buy triggers buying.

I HODL, NXT will be above 1$

[BitcoinForumator]

Hey Guys, Im wondering.. Why is the price of NXT doesnt go up, for such a long time now? Everybody say its a real good coin, a lot of people are working on it, but for months around the 7500 satoshi...

It sounds promising on some sides, and also sounds worrying on other sides.
Many people consider current price to be too high.

contrary, price is way to low to be interesting.

sell triggers selling, buy triggers buying.

I HODL, NXT will be above 1$

Getting my doubts. I wonder what the price would be if there were no constant sells from the donks.

[Jerical13]

1st video about NXT at the 2014 Texas Bitcoin Conference:

http://prisonorfreedom.com/what-is-nxt-nextcoin-2014-texas-bitcoin-conference/

Enjoy!
Tai Zen

Thanks Tai Zen.

[pinarello]

Hey Guys, Im wondering.. Why is the price of NXT doesnt go up, for such a long time now? Everybody say its a real good coin, a lot of people are working on it, but for months around the 7500 satoshi...

It sounds promising on some sides, and also sounds worrying on other sides.
Many people consider current price to be too high.

contrary, price is way to low to be interesting.

sell triggers selling, buy triggers buying.

I HODL, NXT will be above 1$

Getting my doubts. I wonder what the price would be if there were no constant sells from the donks.

I think they know if they don't stop selling some time soon to let NXT breathe, they kill NXT, simple as that.

[EmoneyRu]

imposible trinity.png

Trinity is possible.


Next question?

[v39453]

Find a solution for SR users and you will see Nxt gain 10x value.  

Isn't this NXTcash ?;P

There are mixing services for BTC, what I'm referring to is a complete transaction solution all within a Nxt client.  No need to access Tor, login to site, have funds in escrow, etc..  This would be accomplished with a decentralized market accessed via Nxt client, funds placed into escrow via AT, funds released, feedback left via AM reputation system, and so on, all done within client.  The only reason to target SR users is that they are the only mass marketplace audience familiar with crypto and ready for a solution.

We don't necessarily need to duplicate the SR model, we just have to find something that is equally useful. I would try a simpler design, where the buyer contacts the seller directly using encrypted messages. Information about reputable sellers is already discussed on the forums, so there is no need to publically announce who sells what.

1. Buyer sends message to query available products. Seller responds.
2. Buyer sends coins, name of product and physical address
3. Seller responds with order rejected or accepted.

I agree that having secure ways of mixing coins is not necessary, because there are already mixers for Bitcoin.

The question of having a reputation system and escrow is more tricky. I'm not sure that having a traditional feedback and escrow system is the best solution. Discussions on the forums already work as a kind of a reputation system.

Having a user-friedly client for this would be important.


EDIT: The seller-side software would run continuously on the seller's computer, keep track of the inventory and automatically respond to the buyers' queries.
 

[redsn0w]

Hey Guys, Im wondering.. Why is the price of NXT doesnt go up, for such a long time now? Everybody say its a real good coin, a lot of people are working on it, but for months around the 7500 satoshi...

It sounds promising on some sides, and also sounds worrying on other sides.
Many people consider current price to be too high.

contrary, price is way to low to be interesting.

sell triggers selling, buy triggers buying.

I HODL, NXT will be above 1$

1 Nxt = 1 $ ... 

[salsacz]

Altcoin pannel with Rickey from Texas conf online: http://www.youtube.com/watch?v=E1oqFRROW7M

[igmaca]

imposible trinity.png

Trinity is possible.
Next question?

 

Here I propose a ternary paradox, that the natures of decentralization, security and environment protection constitute an impossible trinity. (Graph 2) A crypto-currency which is both environmentally-friendly and secured would definitely need to be centralized, like PPcoin, Nextcoin and Ripple. These coins either contain aspects of centralized structure, or their decentralized structure is not sustainable, with a Paypal-like centralized verification mechanism. A crypto-currency which is both environmentally-friendly and decentralized would be unsecured, like P2P currencies of ‘one-IP-address-one-vote,’ which are already excluded by Satoshi. He believed that if the majority were based on ‘one-IP-address-one-vote,’ it could be subverted by anyone able to allocate many IPs.5 If one designs a secured decentralized currency, it must come with the cost of consuming energy and calculation power. PoW is the first solution to construct a verification system in the form of decentralization, and will probably be the only one.

http://cryptocoinupdates.com/the-impossible-trinity-security-environment-protection-and-decentralization/

with share fee pools this not occurs.

share fee group (share fee pool or share fee Hubs) and limiting forging power of an account to 1.000.000 Nxt coin maximum . this means 1.000 nodes to ensure minimum network

Extremely decentralized network (in the exemple 30.000 Nodes) and therefore very secure network
Small accounts motivated to participate in forging (In the exemple 100 Nxt account is forging every day not every 10 year)
rich and poor have the same chance to forge because everybody forge everyday!!!!

I really like this idea because your node still has to be online to be part of the shared group.
It retains the decentralisation and number of nodes.
Forging is a bit like bingo/lottery anyway rather than mining and it smooths out the impact of penalty and people pool hopping if the pool was based on a single node...
So generally in stead of buying a single big ticket you are offering to share your ticket and any winnings with lots of others and vice versa
Penalties would only affect the nodes in the shared pool an would not take huge chunks of NXT out of the forging balance in one go by taking a whole pool out.
Logged

[antanst]

I think they know if they don't stop selling some time soon to let NXT breathe, they kill NXT, simple as that.

No it's not simple. If the initial investors stop selling NXT, it will negatively affect it's health.

[BitcoinForumator]

I think they know if they don't stop selling some time soon to let NXT breathe, they kill NXT, simple as that.

No it's not simple. If the initial investors stop selling NXT, it will negatively affect it's health.

The low price is signalling the lack of confidence to many, so it's not exactly healthy either.

[Come-from-Beyond]

Sounds mysterious, I see you have been speaking with CfB too much.

So true. LOL.