NXT :: descendant of Bitcoin - Updated Information

[wesleyh]

Are there some people left who're NOT dumping their Nxt? I see a lot of whales want out.

Why exactly is it?

show me more than 2 dumping whales in last 6 days:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10715382765594435905
- everyone is buying

This is what scares me. I noticed this too, that this price decrease has been done by only 2 guys and about 3M NXT in last 10 days. These 2 guys have still 60M together.
 
I hope other whales don't follow these two.

Why ? We need big whales to spend their money so that the coin is more fairly distributed. Best would be if this is done via forum or private deals though, so that it doesn't affect exchanges.

[punkrock]

Little summary for the average joe like me who will need to make nrs ready on windows7,
please complete if needed :

* download last NRS (message 1 page 1 of this thread)
* unzip
* install last java client if needed
* create .bat file with notepad++
code: "c:\Program Files (x86)\Java\jre7\bin\java.exe"  -Xmx1024M -cp nxt.jar;lib\*;conf nxt.Nxt
*install this .bat in the main nrs folder unzipped earlier
* double click on your new run.bat file
* wait a bit
* in your browser, enter these adresses:

http://localhost:7875/

http://localhost:7876/admin.html

http://localhost:7876/alias.html


I know it seems a crap step by step but it may be usefull to some, there are clients
but people need to understand a bit how to use Jean-Luc work.

I think this is more correct for now. For version 0.8.10.

Latest version is 0.8.8, or? https://bitcointalk.org/index.php?topic=345619.msg5708597#msg5708597

[zorke]

Many people are leaving this thread and this community as you can see in last week or so.

Is that right?  Are they going to NEM?

I could use some help with my DGEX question above.  Is it normal to not hear from them in 4 days?

I don't know where the hell are they going. Some are leaving, some are just taking a break from the thread, some are disappointed by the price, some by lengthy discussions here, etc..

Yes it is normal for DGEX. You need to be boring and contact them every day. Make sure you submit your ticket via their contact form.
Also here is their forum thread.

https://nextcoin.org/index.php/topic,3.0.html

You should contact them here daily and demand explanation.

[Mario123]

Current sites about NXT are terrible.

I like my site

[salsacz]

after I contacted admin he asked me: "Is the NXT community interested in the products we offer?"

http://saltsworldwide.com/

are we interested? to buy salt by nxt? I use salt quite often

[zorke]

Are there some people left who're NOT dumping their Nxt? I see a lot of whales want out.

Why exactly is it?

show me more than 2 dumping whales in last 6 days:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10715382765594435905
- everyone is buying

This is what scares me. I noticed this too, that this price decrease has been done by only 2 guys and about 3M NXT in last 10 days. These 2 guys have still 60M together.
 
I hope other whales don't follow these two.

Why ? We need big whales to spend their money so that the coin is more fairly distributed. Best would be if this is done via forum or private deals though, so that it doesn't affect exchanges.

You are right, it is good for NXT. But we also need some balance, too much of this "good" thing and people will lose faith. New people don't buy when the price is going down and when is cheap. More people will buy when the price is rising even though it is more expensive for them. It is psychology.

Also I don't like the fact that some people are losing patience and leaving and by some people I mean NXT veterans.

[Mario123]

I use salt quite often

lol

[wesleyh]

after I contacted admin he asked me: "Is the NXT community interested in the products we offer?"

http://saltsworldwide.com/

are we interested? to buy salt by nxt? I use salt quite often

Lol, no.

[zorke]

I hope other whales don't follow these two.

You should hope other whales DO follow these two...  don't focus only on the selling part of the trade...  the NXT traded were bought by some other interested party...  focus on the buying interest and/or what these new holders are planning to do...  plus the whole redistribution aspect.

I agree but like i said too much of this "good" thing is bad for NXT. They should leave some breathing room and let the price recover a bit and then do it again. Trust me there are many people that are selling out there when they see the price doing down daily, last 14 days. I don't care, I am not one of them since I believe in NXT completely, but not everybody are like me and you.

Everything in life is about balance, whales dumping is about balance as well.

[martismartis]

Wesleyh

Your online client->Dashboard-> Green asset owned i see number 4, while I have only 2 assets.

[wesleyh]

Wesleyh

Your online client->Dashboard-> Green asset owned i see number 4, while I have only 2 assets.

What's your account id

[NxtMinnow]

cryptolawyer,

The news that NY State is inviting cryptocurrency exchanges to operate within the official auspices of NY law is exciting!   See source here: http://www.cbsnews.com/news/new-york-state-to-welcome-regulated-bitcoin-exchanges/

Ballpark me a figure that it would cost to set up a trading exchange (exchange could be defined as gateway--fiat to crypto gateway) in NY from the legal/regulatory perspective. Nxt community could have a regulated and registered fiat gateway in New York State now for a price. Let's position Nxt to be the cryptocurrency platform that can be used by the USA to issue the cryptodollar. There is lots of bandwidth available in the New York Financial District and with a little regulatory guidance, the Nxt devs and technology, and the right amount of investment, there is massive potential.

[ShroomsKit_Disgrace]

Did you see the interesting analysis of dmkaplan2000 in the "original" thread?

Hi,

I did some statistical analyses on the NXT blockchain that may be useful information for others looking into NXT or for tracking progress of the network. A report of what I found is available on github:

https://github.com/dmkaplan2000/nxt_state/blob/master/nxt_state.md

I will copy the report summary below.  Questions, comments and corrections are welcome.

Cheers,
David

=====================

Summary

This report consists of statistical analyses of the NXT blockchain to assess network activity and buy-in. Time series of NXT transaction activity are calculated, and the set of NXT accounts is analyzed for wealth distribution and investment level. Time series analyses indicate that after an initial period of intense interest and activity, NXT transaction levels have declined steadily over the last ~2 months. This suggests that potential NXT investors are waiting for new features or dynamics to come online before investing in the NXT network. The recent downturn in Bitcoin's fortunes undoubtedly also has had an effect on the entire cryptocurrency market. Nevertheless, the number of NXT accounts continues to grow and the fraction of all NXT that is forging has remained relatively stable.

95% of all NXT are deposited in ~460 NXT accounts. NXT accounts can be broken down into well identifiable groups based on account activity and balance. This account clustering analysis suggests that ~840 accounts represents the core group of NXT activists and investors. The majority of the remaining NXT accounts consists of one-time-use, low-balance faucet accounts.

The alias system has attracted significant interest, whereas the message system has received limited use. The prior is in part due to significant speculation by a small group of NXT users and the current low cost of assigning aliases. The latter will likely change as new features, such as asset exchange, come online.

Overall, this analysis suggests that NXT has a non-negligible community, but needs a shakeup in order to assure continued growth and increase investor and vendor buy-in.
----------------
dmk

I can tell you want to tip me!
NXT: 409265435876025552, BTC: 12EZmrowPGxYL7yZMTZfVKc6i5eLyCdDEs

[salsacz]

I still dont know if the salt is for bath or eating, but that video made me realize that salt must be so cool:
http://saltsworldwide.com/salts-worldwide-aboutus/

Now I just need to find that chick and hire her from some pricerr site

[NxtMinnow]

  Chain quote smiling    

Current sites about NXT are terrible.

I like my site

[bitcoinrocks]

Also I don't like the fact that some people are losing patience and leaving and by some people I mean NXT veterans.

Which vets have left?

[mr_random]

We really need to consolidate everything about NXT and make it accessible to a layperson. I stopped reading this topic every day for a few weeks and I've come back and I feel like I'm over my head a little with all the new terminology and concepts. I can imagine to an average Joe or a complete newcomer it would be like Greek to them.

We also need to target an exchange like BTC-e or Kraken, which has USD capabilities and a new base of customers who haven't been exposed to NXT. Or maybe even Bitstamp. You may think aiming for Bitstamp is too big but Ripple got on there. I'm guessing Ripple bought there way onto there. How much $$$ would we need to raise to encourage Bitstamp to work with us?

In terms of the recent downtrend in price, I have been in this community and was buying Litecoin and Peercoin back when they were worth cents. I've seen every up and down. Downtrends can last months. But when the uptrend hits, the upward spike can lead to 500% increases in a short number of days. And then lead to further upward spikes. My prediction: when Bitcoin goes on it's next upward rocket, alts will decline temporarily and then they will rocket upwards too and it will be coins like NXT that really shoot up. My other comment about price, it's been clear since the early days due to a number of people suddenly having 1000BTC profit or more from NXT, that there is going to be a continual downward pressure as they cash out bit by bit without trying to crash the market. Sooner or later they will be all done cashing out at the current price level, the majority of it seems to be over now. I haven't explained that eloquently but I've thought about it a lot.

Just my random thoughts.

[godt]

Current sites about NXT are terrible.

I like my site

sorry but it looks like from the last century

[NxtMinnow]

Here it is in NON-Greek. NXT needs a USDollar to NXT exchange preferably in New York. NXT does not need listed on another exchange that must first have funds pass through BTC before NXT.

The Chinese can buy NXT directly with Yuan at bter, Americans or anyone with dollars cannot buy NXT without first buying BTC.

[marek3ball]

Will be there some plan to have some kind of "home page" for assets? I will buy shares of firm, startup, idea, coin ... and then I will go there (inside wallet?) and check:

• actual details about firm or startup, idea, coin
• what I actualy own and some details (in %, current price, etc..)
• chat section using Nxt Arbitrary Messaging
• connection directly to the firm owners using Nxt Arbitrary Messaging
• graphs how well it is going

You could imagine it as Google Play only instead of "My Applications" section there will be "My Assets" and you will see there rich information about the current asset, people's reviews, live charts.

Is something like this planned? Even in super simple version for start = Informations + Nxt Arbitrary Messaging. I think it is very important for Nxt success.