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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756303 times)
Emule
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March 08, 2014, 09:46:51 AM
 #41881

Cheesy Cheesy Cheesy

and watch when that 85% is running to the exit (which they eventualy will do soon), omg that door will be much to small! Cheesy

Weren't you supposed to sell your 100 million NXT a couple weeks ago?

busy with that.

you retards do not seem to understand it take alot of work and time to sell 100M specialy when noone is interested to buy. market is so thin i would kill nxt over and over and scare every one away (that would make me the bagholder)

it will take months to sell all unless i dump 50 to 60 times but than price will go to zero every time

I don't see any NXT moving out of the large accounts.  What's your account number?


whales nxt sitting on exchange for ages now so you wont see movement what you see is left over

how can you see movement when nooone is buying?

Transfer NXT back into your account and show us.

 Cheesy Cheesy


ok now i see you are just a kid so i wont call you retarded much to learn so naive
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March 08, 2014, 09:46:59 AM
Last edit: March 10, 2014, 07:25:53 AM by abctc
 #41882

...
All  clients should have password management system.  The client should generate cryptographically secure passwords and save them on hard disk in wallet.dat  ...
- I'm strongly disagree with this. This feature should be an option.

BCNext made brain wallet in Nxt on purpose. Russian government says, that those, who use any crypto, is a terrorist.

So wallet.dat is a proof that you have account in Nxt, so you are terrorist. Whilst brain wallet mean that you do not leave any trace on your hard disk.

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BitcoinForumator
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March 08, 2014, 09:47:48 AM
 #41883

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%:




 Cheesy Cheesy Cheesy

and watch when that 85% is running to the exit (which they eventualy will do soon), omg that door will be much to small! Cheesy

Speaking of which, aren't YOU one of THEM?

(and go to hell PIE fatsos)
Eadeqa
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March 08, 2014, 09:50:53 AM
 #41884

Cheesy Cheesy Cheesy

and watch when that 85% is running to the exit (which they eventualy will do soon), omg that door will be much to small! Cheesy

Weren't you supposed to sell your 100 million NXT a couple weeks ago?

busy with that.

you retards do not seem to understand it take alot of work and time to sell 100M specialy when noone is interested to buy. market is so thin i would kill nxt over and over and scare every one away (that would make me the bagholder)

it will take months to sell all unless i dump 50 to 60 times but than price will go to zero every time

I don't see any NXT moving out of the large accounts.  What's your account number?

Why the fuck do you keep responding to him?

It's well known the guy doesn't own more than few thousand Nxt

Move on

NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
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March 08, 2014, 09:51:44 AM
 #41885

Cheesy Cheesy Cheesy

and watch when that 85% is running to the exit (which they eventualy will do soon), omg that door will be much to small! Cheesy

Weren't you supposed to sell your 100 million NXT a couple weeks ago?

busy with that.

you retards do not seem to understand it take alot of work and time to sell 100M specialy when noone is interested to buy. market is so thin i would kill nxt over and over and scare every one away (that would make me the bagholder)

it will take months to sell all unless i dump 50 to 60 times but than price will go to zero every time

I don't see any NXT moving out of the large accounts.  What's your account number?

Why the fuck do you keep responding to him?

It's well known the guy doesn't own more than few thousand Nxt

Move on

Sorry.  I was bored.

 
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zorke
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March 08, 2014, 09:55:13 AM
 #41886

Cheesy Cheesy Cheesy

and watch when that 85% is running to the exit (which they eventualy will do soon), omg that door will be much to small! Cheesy

Weren't you supposed to sell your 100 million NXT a couple weeks ago?

busy with that.

you retards do not seem to understand it take alot of work and time to sell 100M specialy when noone is interested to buy. market is so thin i would kill nxt over and over and scare every one away (that would make me the bagholder)

it will take months to sell all unless i dump 50 to 60 times but than price will go to zero every time

I don't see any NXT moving out of the large accounts.  What's your account number?

Why the fuck do you keep responding to him?

It's well known the guy doesn't own more than few thousand Nxt

Move on

Exactly do not respond to an idiot and he will stop it. He is feeding of your posts!
zorke
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March 08, 2014, 09:56:36 AM
 #41887

What is an ETA for Wesleys one click installer client? This is an absolute priority.
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March 08, 2014, 09:57:35 AM
 #41888

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.

The probability that someone is going to buy that many Nxt (51%) then attack the network destroying his own wealth is close to zero. And what happens to Nxt prices if someone starts buying that many Nxt? It will cost much more than the current 0.05 cents to get to 51%

 It's just theoretical possibility but really irrelevant concern. 


The same kinds of things are said about Bitcoin's 51% attack vulnerability. We're supposed to be assured by the "unlikelihood" that a mining pool owner would go against their self interest to double-spend. Ignores the fact that some people just want to see the world burn, or there may be a larger financial reward waiting for the person who destroys Bitcoin.

Just because something is unlikely is not really good enough when you are talking about a financial system.  NXT's competitors are considering these types of things and so should we.

NXT: 4957831430947123625
pinarello
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March 08, 2014, 09:57:40 AM
 #41889

Yes please and stop quoting that piece of sh*t

Ignore him.

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March 08, 2014, 09:59:50 AM
Last edit: March 08, 2014, 10:16:09 AM by bitcoinpaul
 #41890

https://bitcointalk.org/index.php?topic=506298.0

Did anyone see this yet?...hopefully nobody has easy to know passwords...

The dictionary approach for passwords is, in my opinion, a bad idea. No Nxt client should use something like that. It pretends security for the average user.

For the nxt client devs: Just implement an automatic password generator (with mouse movement maybe?) and use an encrypted (with a password made by the user) wallet file for local storage of the accounts.

edit:


BCNext made brain wallet in Nxt on purpose. Russian government says, that those, who use any crypto, is a terrorist.

So wallet.dat is a proof that you have account in Nxt, so you are terrorist. Whilst brain wallet mean that you do not leave any trace on your hard disk.

Ok, then make it a prominent option.
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March 08, 2014, 09:59:56 AM
 #41891

What is an ETA for Wesleys one click installer client? This is an absolute priority.

The client is there and working perfect, tested it over and over.

I think it will be integrated by J-L in the first new version that comes out.

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March 08, 2014, 10:00:03 AM
 #41892

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 Smiley 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.



This statement makes 0% sense. You can't just say "oh this community is as healthy as any other community because they are both communities!"
We're talking about shady people using disgusting strategies to get in control of the marketing fund. That's pretty bad.

I know you own a lot of NXT so you want to downplay anything that could cause NXT to implode, but ignoring reality is not the way to go. I've talked to several good founders about this and they all agree and are sick of hoarders themselves.

Welcome to politics. If something is being voted on this is the kind of shit that happens. It's a candidates job to prepare and counter.
Sorry you lost the election.


Haha brush it under the rug as "politics", haha what a great community.
And no, I did not intend to counter at all. I was nominated and volunteered because I've been one of the main NXT proponents for 3 months and because I wanted to make sure the hardworkers of NXT get what they deserve; ACTUAL PAY.

I don't give a flying fuck if I'm in the committee or not. What I am saying is that if this shit keeps going then NXT is going to die. I've warned of this for over a month now and nothing has happened. No new devs, no new bounties, no new anything and we just lost 2 of our most important marketers to this bullshit.

What do you want us to do?  Redo the election?  We didn't tell them to bad mouth anyone.

There was just a 3-5 million NXT bounty by a large stakeholder.  What more do you want?

Exactly he did offer a bounty but he also asked that we implement such features that if we succeed to implement them value of NXT will go up 1000 times. So not bad, you give 10% and you watch your wealth increase up by 1000 times. Pretty selfish if you are asking me.
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March 08, 2014, 10:00:38 AM
 #41893

...
All  clients should have password management system.  The client should generate cryptographically secure passwords and save them on hard disk in wallet.dat  ...
- I'm strongly disagree with this. This feature should be an option.

BCNext made brain wallet in Nxt on purpose. Russian government says, that those, who use any crypto, is a terrorist.

So wallet.dat is a proof that you have account in Nxt, so you are terrorist. Whilst brain wallet mean that you do not leave any trace on your hard disk.

It's a very good argument but then make password management the default with a way to opt into brain wallet only at your own risk.

Too many newbs think they can get away with a weak password not realizing there's pretty much 100% certainty of being hacked if you do so.

NXT: 4957831430947123625
bitcoinpaul
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March 08, 2014, 10:01:12 AM
 #41894

What if we only can lease a maximum of 50% of our nxt forging power (or x% amount)? This would help get a low standard deviation for forging fee while if someone want its full forging power for all his nxt, he would still have to run a node.

You are assuming it was "part of the plan" to have a very large number of people running nodes.

The "plan" as far I as understand it now was to have a relatively small number of "super nodes" controlling the network.

The vision of Nxt is/was really to compete with Ripple rather than with anything else.


I don't know if his idea is a good idea. Could we discuss possible routes and the implications for Nxt, please.
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March 08, 2014, 10:01:54 AM
 #41895

What is an ETA for Wesleys one click installer client? This is an absolute priority.

The client is there and working perfect, tested it over and over.

I think it will be integrated by J-L in the first new version that comes out.

Yes but is it a one click installer for new people?

If we have that than we need to push it and market it to the newcomers.
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March 08, 2014, 10:03:02 AM
 #41896

I make a lot of assumptions? In this case I see ONE assumption. I wont speculate on the exact amount, but I make a eduated guesstimate above 10M

Yes, you make a lot of assumptions.



Sorry, had to post this.
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March 08, 2014, 10:06:48 AM
 #41897

I don't know if his idea is a good idea. Could we discuss possible routes and the implications for Nxt, please.

In my opinion the concept of TF is mostly a good one (i.e. to get a very large tx throughput) so I would think that the first thing is for the community to decide whether it agrees with that or not (all other decisions really depend upon this one).

If as a community with think it's more important to have people forging with Raspberry Pis then we would be scrapping TF altogether (realistically it is *one or the other* even though marketing people want to have both).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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bitcoinpaul
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March 08, 2014, 10:11:42 AM
 #41898


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

http://i.imgur.com/Idzj6lQ.png

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%:

http://i.imgur.com/nSwqIuM.png

Many coins are on exchanges. People don't know how to use a client so they leave there NXT on them.

We don't know what the actual distribution is.
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March 08, 2014, 10:12:36 AM
 #41899

I don't know if his idea is a good idea. Could we discuss possible routes and the implications for Nxt, please.

In my opinion the concept of TF is mostly a good one (i.e. to get a very large tx throughput) so I would think that the first thing is for the community to decide whether it agrees with that or not (all other decisions really depend upon this one).

If as a community with think it's more important to have people forging with Raspberry Pis then we would be scrapping TF altogether (realistically it is *one or the other* even though marketing people want to have both).


Apart from ruling out Raspberry PIs, do you have a more generic idea about the hardware/network requirements TF would impose on forging nodes?
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March 08, 2014, 10:13:04 AM
 #41900

Yeah i know it is not fair.

The people that post here and working their ass of should be the real millionaires or at least big stake holders.

if nobody give them bounty, rewards, donation they leave coz they have no goal to be any longer and help out or work.

This is what will kill nxt people don’t care any more and good people leaving like uniqourn, justabit, nifty and so many others that left.

So I think if founders will any profit they have to start working themselves or donate to the workers.

Either way nxt will die coz of disinterest of the founders and the workers look at me for example, I am getting rich by doing nothing this is not right.

I just have to sell my daily nxt (which is hard coz i have no buyers)
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