NXT :: descendant of Bitcoin - Updated Information

[mcjavar]

another descendant of Nxt
https://bitcointalk.org/index.php?topic=512177.0

Is it good or bad for Nxt?

Definitely not good for NXT if it becomes popular.
What people don't realize in this community is that popularity & community is the alpha and omega of success.
People actually think that if NXT (which is 100% open source) is good enough "technically" then the rest doesn't matter.
There is no changes in hoarding, no changes in incentives, community is shrinking, price is falling etc. and nothing happens.
These big hoarders have a collective IQ in double digits.

It was more a theoretical question...

I was surfing through the altcoins earlier and read about some interesting development and innovations here and there. And then I was thinking what the crypto-community would be able to achieve if we (or at least the developer and innovators) would unite our power, knowledge and resources and would work on one crypto... It would be awesome with functions and capabilities way beyond our imagination.

But people are greedy. Some want more money, other more power so the above scenario will never happen. Unfortunatelly. 

[jl777]

Is it possible to build dedicated PoW coins on Nxt to solve problems like this one (not necessarily this one)?
Assume there is a bounty for solving the problem, then when the problem gets solved, the coin dies naturally and the bounty can be divided just by buying all the coins using it.

I think this would totally change how the researches that need massive computing resource are done, or every one is aware of such an idea?

PoW, PoS, PoTBD, hybrids, basically anything you can think of can most likely be implemented. Due to the overhead of creating an AE based coin being so low, it is well suited for vertical market or local market uses such as what you describe.

James

There should be a tutorial for this in the future to educate researchers how to embed their code for solving the problem into the coin. I think this will open another door for Nxt.

I plan on offering NXTcoins service that allows people to concentrate just on their PoW algo, all the rest is turnkey for a couple percent fee, basically the usual cost for pool mining at a premium pool.

I already have the domains NXTcoins.co and NXTcoins.biz, just need to finish all the coding and write some content, etc.

If people are aghast at the number of altcoins, I think when it becomes as easy to make a new coin as making a web site, we should get as many coins as websites.

All of this built on NXT. It fits BCNext's model where NXT is the underlying infrastructure and people build on top of NXT. An altcoin is just an accepted industry paradigm that helps people understand and transition quickly. It becomes a coin, a virtual company, instant IPO and a built in exchange all in one.

The idea is out (ltbcoin) we might as well help people make as many of these "websites" (NXTcoins) as we can. What if each website community had their own currency?

James

[landomata]

Can someone point me to the latest Nxt source code on bitbucket.


Thanks.

Found it.

[Come-from-Beyond]

You'd have to ask the user I guess.

Is there some kind of a console in ur client?

[Fatih87SK]

another descendant of Nxt
https://bitcointalk.org/index.php?topic=512177.0

Is it good or bad for Nxt?

Definitely not good for NXT if it becomes popular.
What people don't realize in this community is that popularity & community is the alpha and omega of success.
People actually think that if NXT (which is 100% open source) is good enough "technically" then the rest doesn't matter.
There is no changes in hoarding, no changes in incentives, community is shrinking, price is falling etc. and nothing happens.
These big hoarders have a collective IQ in double digits.

There are already ~15 copies of NXT. Thanks to project KLONE =)

Only NXTL and NEX got some real attention.

[Fern]

Does anybody know (or have experience with) https://moolah.io/

I see they are selling prototype multi-currency ATMs with BTC, LTC, DOGE for around $600. Raspberry Pi based.

https://moolah.io/atm

This could make an interesting NXT project with it both running on NXT and selling it. Worth looking into?

[Come-from-Beyond]

These big hoarders have a collective IQ in double digits.

Quite an optimistic assessment.  

[wesleyh]

You'd have to ask the user I guess.

Is there some kind of a console in ur client?

I could add it. Just a thing that logs the URLs sent?

[igmaca]

Guys/girls/things:

.........

Everyone can also see our list of issues that we've been brainstorming all week. Please post ideas to the thread above or PM us and we'll get them onto the issue tracker for discussion and review.

https://bitbucket.org/nxtinfrastructure/committee/issues?status=new&status=open

ok, I just sent you a proposal by PM.
I really want to see if you will get them onto the issue tracker for discussion and review.  

[Come-from-Beyond]

I could add it. Just a thing that logs the URLs sent?

And responses received. Not urgent, but could be useful...

[wesleyh]

I could add it. Just a thing that logs the URLs sent?

And responses received. Not urgent, but could be useful...

OK cool.

[jl777]

another descendant of Nxt
https://bitcointalk.org/index.php?topic=512177.0

Is it good or bad for Nxt?

Definitely not good for NXT if it becomes popular.
What people don't realize in this community is that popularity & community is the alpha and omega of success.
People actually think that if NXT (which is 100% open source) is good enough "technically" then the rest doesn't matter.
There is no changes in hoarding, no changes in incentives, community is shrinking, price is falling etc. and nothing happens.
These big hoarders have a collective IQ in double digits.

clones wont get any of the assets and it seems pretty clear that the sum of the assets issued will be the dominant factor in valuation. Without assets or gateways or community a clone is only copying a small part of what makes NXT valuable

If you were deciding what platform to issue your coin on, would any of the clones even be on the short list? Nope. It will only include the main contenders, NXT, XCP, MSC for now. What advantage to an issuer is there to building on a clone?

James

P.S. I wish you would stop being so negative, it is kind of a downer

[salsacz]

wow, they have 15 descendants already? Nxt must be suuper, look at it!

[ShroomsKit_Disgrace]

Is it good or bad for Nxt?
[/quote]

P.S. I wish you would stop being so negative, it is kind of a downer
[/quote]

If only price at the moment helped....

[jl777]

Does anybody know (or have experience with) https://moolah.io/

I see they are selling prototype multi-currency ATMs with BTC, LTC, DOGE for around $600. Raspberry Pi based.

https://moolah.io/atm

This could make an interesting NXT project with it both running on NXT and selling it. Worth looking into?

NXT ATM running on raspberry? Sounds pretty cool!

[evanxxx]

glad to hear this

This is actually related to my upcoming business coin

... and this

I have already started taking steps towards it.

[jl777]

Is it good or bad for Nxt?

P.S. I wish you would stop being so negative, it is kind of a downer
[/quote]

If only price at the moment helped....

[/quote]
Price and Value are seemingly at a disconnect. I have proof!

AUR

James

P.S. Actually with AUR, it is a matter of extreme scarcity over 10% of float seems to be trading everyday

[freedomfighter]

I am trying to wrap my head around some of the developments here:

what will drive NXTcoin's value? if the asset exchange, though built on top of the nxt bloackchain will not be using NXTcoin as an internal mandatory token/coin with which one can conduct their business, and if nodecoins are derived from forging or for maintaining the network, so what is left for NXTcoin as an asset of exchange?

I can for example create a "NXT10" asset/coin on top of the NXT blockchain, pay 1000NXT for creating the asset in the first place and than denominate it with 10 0's after the decimal point and I go on to create my own market non related and with no need for NXT coin per se, just using the NXT network.

will forging than drive NXT value? not really because you still need to use NXT coin for something of economic value

where is the value proposition here as a NXT holder? if NXT is not a mandatory oil to the system (in other words one has to buy NXT and continue to for any action (like Etherium is planning for ETH), it seems that we are completely went away from a 1st generation coin functionality while we should be both.

[evanxxx]

There is no changes in hoarding, no changes in incentives, community is shrinking, price is falling etc. and nothing happens.

Isn't the price falling because of some changes in hoarding?

[Uniqueorn]

There is no changes in hoarding, no changes in incentives, community is shrinking, price is falling etc. and nothing happens.

Isn't the price falling because of some changes in hoarding?

No the price is falling because interest is diminishing.
Some of the hoarders may have started dumping in the last days as we lost CIYAM and several marketers.