NXT :: descendant of Bitcoin - Updated Information

[2Kool4Skewl]

How is it fair? Hoarders get to sit on their ass investment and become millionaires while workers get zero? How is that fair?

FTFY

I would not advise anyone to work on NXT, if they do not own NXT.

[2Kool4Skewl]

No it directly critized Justabit and Nifty and portrayed them as working for this charity. They aren't working for this charity at all, they used it as a marketing tool. Back in December we sent JustaBit and Nifty to the Bitcoin conference in Miami where they made a lot of connections and helped put NXT on the map and this is how they are to be repayed?
If someone had issues iwth it they should've taken it public, sending PMs to people to get their votes while lying is downright fuckedup.

Same strategy Salsacz used against me. He quote mined shit and said things out of context to make people uncertain about certain things, while at the same time chatting with me on Skype about the same things acting like nothing This community is far from healthy.
But I no longer give a fuck as it has become beyond evident for anyone with a average IQ

What are you going to do?  I don't think people should talk behind other peoples' backs, but people are people.  This community is just as healthy as any other community.  Some people just aren't going to get along.

[markus1000]

Usability is KING!

A visitor of Nextcoin.org tells about his experience and why Nxt is difficult to use for newbees. I totally agree with him, usability is more important than futuristic features. How can we solve this problem?

https://nextcoin.org/index.php/topic,4339.new.html

We need a passphrase generator like the one in Electrum, it is naive to expect people know how to create a strong passphrase

usability and easy access should be a priority.

Right now there is a good chance that a search about Nxt will lead me to http://www.nxtcrypto.org/.

Step 1: Downloading is doable
Step 2: Batch file ... oki what is this. A lot of people will already give up.
Some will create a bat file and it won't work, because there have been problems with the bat file and newer versions. More people will give up.
Step 3: Navigate to the link posted doesnt work with the newer versions as well. I had to change https to http. More people will give up.
Step 4: Password. Not a big deal imo. As long it is clearly stated that you cannot change the password in the future and if you lose it your money is gone.
Step 5: Start forging. No Link available.

Im reading the thread regularly but i had to check several other forum posts to get this thing running.

[BitcoinForumator]

Um, wha?

https://bitcointalk.org/index.php?topic=501963.500

Suddenly coins come out of nowhere and get on top?


But the only relevant question: since we lost, did BTC38 state they're going to add NXT regardless it's not the 1st place in voting? Are they going to add a dozen?


(Can't believe there are worthless copycoins that get more votes than NXT who has 2200 pages. Guess the innovation ain't important, just that the coin has something they relate to)

[abctc]

... the community/early adopters should find a way to cover his (and the other core devs) expenses.
My personal opinion is that 1/3 of unclaimed funds should go for audit/whitepaper, 1/3 for core devs and 1/3 for marketing.

- agree 100% !  No infrastructure committee needed.

[pinarello]

good news, I have lobbied to add NXT on https://www.litebit.eu/

NXT will be ADDED NEXT WEEK !!!!

this is big becausse you can buy NXT with mistercash, ideal, etc...


this is a new gateway to fiat also. MARKETING, GO PROMOTE IT PLS

Pin

NXT: 12088507821025750338

Good news NXT is added. you can buy and sell NXT for fiat here:


https://www.litebit.eu/en/

a second gateway to gold and silver will be added next week:

http://www.bitgild.com/


I have put a lot of hours in NXT but donations are disappointing.


NXT: 12088507821025750338

[2Kool4Skewl]

I'm glad you are at least thinking of potential solutions. It's hard for me to troubleshoot because I don't know what'g going on in the core of the forging algorithm and not sure what is and isn't possible. All I know is it is a potential serious flaw that could make all the difference in the world.

One I've posed before is to have a percentage of all transactions go to a lottery fund that gets awarded occasionally at a random day and time to someone who is forging. This would "cost" the network less yet inspire people to keep forging so as not to give up their "lottery ticket". But again i don't even know if that would be possible. Just know something is needed. Hopefully NODECOIn will do the trick, but my big fear there is average users who just spend NXT and don't care about AE not being able to take advantage of it. I think the solution would be better coming from the lowest level rather than an upper layer.

Thank you for coming up with ideas, but the biggest problem is that people think that NXT is going to be like Bitcoin 2009.  NXT is bitcoin 2140.  There are no coinbase rewards.

If people are upset that they aren't receiving more NXT, they need to purchase more NXT.  NXT is the equivalent of a non-depreciating mining asset.

If small NXT holders don't forge, it's not a big deal because they don't control enough of the currency to matter.  They only lose out.

[2Kool4Skewl]

(Can't believe there are worthless copycoins that get more votes than NXT who has 2200 pages. Guess the innovation ain't important, just that the coin has something they relate to)

Some people control more than one bitcointalk account.

[BrianNowhere]

So I started a Wikipedia entry for NXT.

It's titled NXT Coin and here's the link for whoever would like to contribute information to it:

https://en.wikipedia.org/wiki/Wikipedia_talk:Articles_for_creation/NXT_Coin

I will continue to edit and add information, I have little time today so I'd figure a start is good for now.

The name is Nxt, not Nxtcoin and as I said please don't repost it on Wikipedia. This is absolutely against Wikipedia policy. Wikipedia should not be used to promote yourself. I hope the article gets deleted soon.

Nxt should be promoted in mainstream media. It needs to become notable. Once that is done, it will show up in Wikipedia -- without you doing anything.

I hate when Wikipedia is abused for self promotion

It wasn't for self promotion, I really don't see how you even came to that conclusion.  Someone mentioned it in the forum and I said, "f-it I'll just start one, why the f*** not?".  I am not very capable of writing a correct article on it, so I started it so other people in the community could add to it,edit and correct it as needed.

It's really about educating people that are not knowledgeable about crypto and might be curious.

But if you take it the other way, then f*** it. I'll just stop trying to help because obviously I'm doing it for myself even though I have done one giveaway, run a couple nodes and even ordered a r-pi to set up, have donated back to the cache system in Peer Explorer, try to help people in my immediate life into crypto and explain how this could be the financial solution the world needs.  Nah, I must be a selfish greedy ass**** just out for himself.

I'm done with these communities, you ask for the community to be a community but the first chance you get you bash the people trying to help.
I'm not a big stake holder or even came in when it was still cheaper than now, I'm not even a wealthy man, I'm just barely making it into middle class. I try to do my part, but if it's going to be like this then I'm done.  I'll just sit from the sidelines quietly and become a stale account holder.

I don't think you should let one person't comment influence your decision whether to stick with it or not. Personally I think too many people are letting their feelings get in the way of progress. Folks, this is MONEY. It's not a feel good retreat or a Grateful dead concert. Everyone here is motivated by the possibility of earning via investment and development. Either you believe this will be successful based on the potential and stick with it, or believe it will fail because of the 'too many chefs' problem inherent in decentralized efforts. Any decision should be based on rational self interest, not because someone on a forum criticized one of your efforts. If you want to add an entry to Wikepedia do it because you think it will help the price rise, which will make you money. Don't expect everyone here to throw NXT at you though or for everyone to agree with you. I get shot down here all the time, I get misunderstood, I get into back and forths but I don't take it personally. I keep at it because I am interested in seeing my investment grow.

It's interesting seeing all these Ayn Rand loving libertarian types getting upset over ego issues, hurt feelings and personal squabbles .

[BrianNowhere]

If people are upset that they aren't receiving more NXT, they need to purchase more NXT.  NXT is the equivalent of a non-depreciating mining asset.

If people are upset that they aren't receiving more NXT, they might decide to purchase more Ether (or whatever).

If small NXT holders don't forge, it's not a big deal because they don't control enough of the currency to matter.  They only lose out.

Is there a mathematical known ratio regarding this? ie: For every 10 users 1 needs to be forging?

If a significant number of users can keep their clients locked without it being a problem then I am satisfied. I would do it for free.

[CIYAM]

It's interesting seeing all these Ayn Rand loving libertarian types getting upset over ego issues, hurt feelings and personal squabbles .

To me it's interesting that anyone actually bothers to read all of Atlas Shrugged (the only book of hers I read). I did try to but ended up skipping over pages (of diatribe) as I found it more tedious reading that stuff than it is for me to spend a week of debugging to find a misplaced comma in source code.

[BitcoinForumator]

It's interesting seeing all these Ayn Rand loving libertarian types getting upset over ego issues, hurt feelings and personal squabbles .

To me it's interesting that anyone actually bothers to read all of Atlas Shrugged (the only book of hers I read). I did try to but ended up skipping over pages (of diatribe) as I found it more tedious reading that than it is for me to spend a week of debugging to find a misplaced comma in source code.

haha true, +1

[marcus03]

... the community/early adopters should find a way to cover his (and the other core devs) expenses.
My personal opinion is that 1/3 of unclaimed funds should go for audit/whitepaper, 1/3 for core devs and 1/3 for marketing.

- agree 100% !  No infrastructure committee needed.

Brilliant point in time to start a discussion about the need for infrastructure committee ...  

In my opinion, not seeing the need for an infrastucture commitee, just because there are right now more pressing issues is extremely short-sighted.

Do we have a good idea about the NXT network?
How many stable nodes do we have? Who operates them and how are they being paid for? Will these nodes still exist in 3, 6, 12 months?
Do we have enough public nodes?
Does anyone remember when we were DDOSed? Are we in danger? How will we react in the future?
Do we have a good testnet to support developers? Long-term? Can we reset the blockchain at community will and still have a stable testnet?
What changes are necessary in the core to make nodes run more effectively and lower the amount of network data?
What changes are necessary in the core to let people run nodes on low tech hard hardware (e.g. solar powered RaspberryPi's - think marketing)


The day will come that NXT will have a NXT infrastructure problem and everyone will cry and scream...

[BrianNowhere]

I have put a lot of hours in NXT but donations are disappointing.

Won't you be happy when the price goes up?  That's why I take a lot of time to help new users, promote NXT on the internet, talk to people about it and giving people NXT to open new accounts. There are people here far more deserving of donations than me. I do it because I hope my actions will help spread the word and make my investment grow.

I do throw NXT at people when I'm impressed by an action but there's a lot of impressive actions and I only have so much NXT.

I never donate when someone begs though.

[abctc]

How do you prove that you run your account on a different node?

- by providing different hallmarks for different nodes.

[2Kool4Skewl]

If people are upset that they aren't receiving more NXT, they need to purchase more NXT.  NXT is the equivalent of a non-depreciating mining asset.

If people are upset that they aren't receiving more NXT, they might decide to purchase more Ether (or whatever).

Ok.  That's their choice.  IMO, a bad one.

If small NXT holders don't forge, it's not a big deal because they don't control enough of the currency to matter.  They only lose out.

Is there a mathematical known ratio regarding this? ie: For every 10 users 1 needs to be forging?

If a significant number of users can keep their clients locked without it being a problem then I am satisfied. I would do it for free.

It depends on how much currency they control.  NXT is currently susceptible to 51% currency attacks because TF isn't fully implemented yet.  If someone is able to control 51% of the currency currently forging, they can attack NXT.

[Emule]

good news, I have lobbied to add NXT on https://www.litebit.eu/

NXT will be ADDED NEXT WEEK !!!!

this is big becausse you can buy NXT with mistercash, ideal, etc...


this is a new gateway to fiat also. MARKETING, GO PROMOTE IT PLS

Pin

NXT: 12088507821025750338

Good news NXT is added. you can buy and sell NXT for fiat here:


https://www.litebit.eu/en/

a second gateway to gold and silver will be added next week:

http://www.bitgild.com/


I have put a lot of hours in NXT but donations are disappointing.


NXT: 12088507821025750338

i do not see complaints from Mr salsa with his 40K/month you should ask that 

[BrianNowhere]

It's interesting seeing all these Ayn Rand loving libertarian types getting upset over ego issues, hurt feelings and personal squabbles .

To me it's interesting that anyone actually bothers to read all of Atlas Shrugged (the only book of hers I read). I did try to but ended up skipping over pages (of diatribe) as I found it more tedious reading that stuff than it is for me to spend a week of debugging to find a misplaced comma in source code.

I read somewhere that Anton Lavey wrote his Satanic Bible by basically taking Ayn Rand's philosophy of Objectivism and adding ceremony to it. I do not understand the appeal but it's had quite an effect on many people currently in power. Alan Greenspan cites it as a huge influence.

[antanst]

Guys what about the distribution?
Somebody was revealing top 60 accounts holdings spreadsheet a month ago for a week or so. Did the distribution change any since? It is well obvious that we have whales unloading and keeping the price down for last couple of weeks.
It would be interesting to see these distribution numbers at the moment.

Ok, here's the current NXT distribution as of today.



As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:

[pinarello]

Guys what about the distribution?
Somebody was revealing top 60 accounts holdings spreadsheet a month ago for a week or so. Did the distribution change any since? It is well obvious that we have whales unloading and keeping the price down for last couple of weeks.
It would be interesting to see these distribution numbers at the moment.

Ok, here's the current NXT distribution as of today.



As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:

WTF!