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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755395 times)
giveBTCpls
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December 21, 2013, 01:49:10 AM
 #4441

We still need exchanges yes, because at this point we are still getting money in to Nxt

Nxt also uses Colored Coins, which is a way of saying you can use Nxt to trade Bitcoins, Litecoins, USD, etc

A colored Nxt can represent a different value as the user sees fit. The network is announced, and the value put in. I imagine there will be a whole exchange for colored coins where you could simply state what you wish to value it as, ie 1Btc, and deposit that amount, then whoever you sent that specific coin to would be able to redeem it for that original value

Mining is a power wasting arms race in Bitcoins, as soon as new miners are released they are obsolete. Nxt is the opposite. Wealth has no value if you don't spend it. If EVERYONE held all their Nxt no one would transfer and no one would make fees.
But what happens if someone just want to hold it for a year and see how much they are worth it by then?

From as I understand it, using colored coins allows the value of the 1Billion cap to be breached. You can convert btc into a colored coin and then transfer it, paying a forging fee worthy of the transaction, so you only need 1nxt to transfer a lot of different amounts, plus you pay forging fees, and the holders earn interest for their supporting the network

as someone else wrote, it costs money to mine Btc, ASICS, power, and this will keep going up,making it a doomed venture, as well as less secure when someone with bad intents takes over 51% of the mining.

Nxt takes Nxt to forge. Which is still cheap. and will not be diluted or caught in an arms race. and will not get less secure.

That 5btc purchase will get you around 400k Nxt now. Thats .04% of all hashing power FOREVER, which will give you 40 blocks a day, which when this thing is really churning could earn 100's of Nxt a day.

For 5btc. Wow.





I dont really get this. What happens if someone super rich spends 900000 BTC on NXT? He would having almost all hashing power himself. Then he decides to hold it and get even more gains?

This is such a headfuck, I dont thing I get it enough to invest on it yet.

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joefox
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December 21, 2013, 02:18:17 AM
 #4442


http://www.nxtcurrency.com/   ----- a self hosted wiki site like wikipeadia, feel free to register and add all content for nxt


Thanks for this -- but you should know we already have a strong wiki at http://nxtcrypto.wikia.com/.  And if you copy all my content without crediting anyone or paying Nxt for it, I WILL HUNT YOU DOWN.

Wink


I admin the Nxt Wiki at http://wiki.nxtcrypto.org/ Please support my work by donating to Nxt account #1234567740944417915
salsacz
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December 21, 2013, 02:29:54 AM
 #4443

here is a list of Nxt websites and social networks:

https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=3

Ola's websites are there now too.

BTW, is Nxt only a currency? I don't think so

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
2Kool4Skewl
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December 21, 2013, 02:41:29 AM
 #4444

I dont really get this. What happens if someone super rich spends 900000 BTC on NXT? He would having almost all hashing power himself. Then he decides to hold it and get even more gains?

It would be impossible to invest that much BTC in Nxt right now.  The market is too illiquid.  They would drive the price sky high.

Anyone can hold their coins and everyone gets the same percentage return based on their holdings.















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utopianfuture
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December 21, 2013, 02:49:23 AM
 #4445

BTCNext activity show that his last post was november 8th. Has anyone heard from him more recently? Is anyone concerned that this may effect the publishing of the code next month? We don't need him specifically, but we very very much need that code to be published next month.

BCNext only communicates via Code from Beyond but he communicates just as recently as 2 days ago. From what Code from Beyond said basic source code will be released as planned on January 3. More advanced features will be added gradually.


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MyZhre
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December 21, 2013, 02:54:10 AM
 #4446

Code from Beyond 

This is a good name

NXT: 13997163105778396158
brooklynbtc
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December 21, 2013, 02:58:27 AM
 #4447

this is a good guy

SN
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brooklynbtc
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December 21, 2013, 03:03:46 AM
 #4448

Man, just checked dgex! prices to the WOW. GET IN THE POOL!  Shocked

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utopianfuture
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December 21, 2013, 03:07:31 AM
 #4449

Man, just checked dgex! prices to the WOW. GET IN THE POOL!  Shocked

As I said here https://nextcoin.org/index.php/topic,909.0.html  it is a litter bit fu-ck up I would say. But then that is what the market decides.


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allwelder
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December 21, 2013, 03:39:38 AM
Last edit: December 21, 2013, 03:52:23 AM by allwelder
 #4450

Help me!
In the 0.4.0 version,there is not reminder in browser that"you can generate the next block..." indicator.
What is the problem.or is it running normally?

Block is as following:

Code:
20994 2584657662098653454 2013年12月21日 上午11:34:44
0 0 + 0 0 B
1 7709310964501092230 259 %
brooklynbtc
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December 21, 2013, 03:48:17 AM
 #4451

Hey Utopian,

 I totally agree prices are runaway, but the fundamental changes that Nxt are going through this weekend are enough to fuel this giant speculation. That and the fact Btc has run out of steam, so people are looking for an alternative dream.

 I would like to know the number of new signups at dgex this weekend. I don't think we really need to worry about letting new people in at any cheap price. I agree we don't need a bubble scenario, but this is 2nd gen, designed better and ready to roll out features as we go and support the interest in its price increase (or fail miserably)

 If stakeholder want to sell they should, but at this point I think they deserve to see a little more price rise, as do all of us who spent and speculated on this.

 I've got almost 200k and really thinking that its probably gonna be worth a .10, even .20 come january. makes .00005 a bargain

 Much Wow as Klee would say

 


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Krabby
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December 21, 2013, 03:52:32 AM
 #4452

Geeze, that was crazy.
What just happened on DGEX?

There was a gap from like 0.000032 to 0.000052
It was so high I could not even put a sell order in.
usafinders
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December 21, 2013, 03:53:33 AM
 #4453

someone know if the alias can be transfered to another people in future? if can then how?for i also know the passpord of the account.
salsacz
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December 21, 2013, 03:55:14 AM
 #4454

someone know if the alias can be transfered to another people in future? if can then how?for i also know the passpord of the account.

it will be in future

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
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December 21, 2013, 04:14:00 AM
 #4455



it will be in future

NXT IS THE FUTURE!

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Krabby
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December 21, 2013, 04:39:25 AM
 #4456

Where did the missing 2013 coins go?
maxbit
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December 21, 2013, 04:42:54 AM
 #4457

If i mined NXT with a 4000 khash gpu rig, how many NXT would i get across 24hours? Thx in advance. I just want to get like 1000 coins somehow. I have LTC and other minor altcoins. Just easier to mine it if possible, albeit slowly, just how slow?
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December 21, 2013, 04:44:07 AM
 #4458

I am running Nxt client 24/7 (my account have 1200+ balance) but no blocks are generated! What I miss!!?
salsacz
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December 21, 2013, 04:44:22 AM
 #4459

If i mined NXT with a 4000 khash gpu rig, how many NXT would i get across 24hours? Thx in advance. I just want to get like 1000 coins somehow. I have LTC and other minor altcoins. Just easier to mine it if possible, albeit slowly, just how slow?

soon you will be able to mine with your mobile phone. Look at my video, it describes Nxt "mining", we call it forging:
http://www.youtube.com/watch?v=w1FTzBjy_8Q

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
Anon136
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December 21, 2013, 04:49:08 AM
 #4460

I am running Nxt client 24/7 (my account have 1200+ balance) but no blocks are generated! What I miss!!?
is it unlocked?

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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