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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755393 times)
CIYAM
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March 18, 2014, 05:32:41 AM
 #45441

Oh. You actually believe everyday normal mom and pop types are going to be "shopping" on the Nxt platform someday soon? And on top of that, the buyer is going to pay the "fee"?  Wha?

The buyer already effectively pays a fee when they use VISA because the goods they buy are that much more expensive (you can *always* get cheaper deals for cash).

It's just *hidden* from plain site (so fools *most* of the people).

First of all, the AE will most likely be traders in the beginning. Second, isn't it common since that the seller will pay the fees? Like that VISA card you mention?

If Nxt is only going to be for "traders" then I think it is doomed from the start.

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

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March 18, 2014, 05:33:51 AM
 #45442

Oh. You actually believe everyday normal mom and pop types are going to be "shopping" on the Nxt platform someday soon? And on top of that, the buyer is going to pay the "fee"?  Wha?

The buyer already effectively pays a fee when they use VISA because the goods they buy are that much more expensive (you can *always* get cheaper deals for cash).

It's just *hidden* from plain site (so fools *most* of the people).

First of all, the AE will most likely be traders in the beginning. Second, isn't it common since that the seller will pay the fees? Like that VISA card you mention?

If Nxt is only going to be for "traders" then I think it is doomed from the start.


Ha! Your logic astounds me.

And Nxt will be used by traders in the beginning. Let that sink it.
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March 18, 2014, 05:34:28 AM
 #45443

This will never sink it. Because its not true. If Nxt is worth pennies there will be no AE. You live with a non-capitalistic mindset.

I am not concerned with ideology - the *reality* is that if people are going to move to using a digital currency they are not going to choose a "Rolls Royce" but something that is efficient and cheap (if has to be *better* than using VISA or there is no point to change).

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

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windjc
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March 18, 2014, 05:35:48 AM
 #45444

The value of NXT *can never be very high* as it is basically just *fuel* to run the engine. There seem to be a lot of people in this forum who just "don't get this" (perhaps because "greed" is blinding them to reality).

I'm just going to let this reverberate here for a while. I don't even know what to say to this...yet

Your confusion stems from a comment from someone who thinks too much like a programmer and not at all like a real world business person. I would mainly ignore it, although, I realize I haven't taken my own advice.
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March 18, 2014, 05:36:04 AM
 #45445

And Nxt will be used by traders in the beginning. Let that sink it.

Indeed it will be used by some traders, scammers and hobbyists and little else "in the beginning" - I am looking a little beyond that but it seems many can't see that far.

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

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March 18, 2014, 05:37:03 AM
 #45446

This will never sink it. Because its not true. If Nxt is worth pennies there will be no AE. You live with a non-capitalistic mindset.

I am not concerned with ideology - the *reality* is that if people are going to move to using a digital currency they are not going to choose a "Rolls Royce" but something that is efficient and cheap (if has to be *better* than using VISA or there is no point to change).


Nxt will have to adapt as things change. Its called crossing a bridge when you come to it. But now, in the reality of our present moment, most of your suggestions and inputs are just confusing the situation.
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March 18, 2014, 05:37:51 AM
 #45447

Your confusion stems from a comment from someone who thinks too much like a programmer and not at all like a real world business person. I would mainly ignore it, although, I realize I haven't taken my own advice.

You should take your own advice - I have owned and worked in businesses for over 20 years so I think I am a "real world business person".

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

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CIYAM
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March 18, 2014, 05:39:05 AM
 #45448

Nxt will have to adapt as things change. Its called crossing a bridge when you come to it. But now, in the reality of our present moment, most of your suggestions and inputs are just confusing the situation.

Indeed Nxt will have to adapt as will peoples understanding of what a "platform" is vs. what a "crypto currency" is.

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
windjc
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March 18, 2014, 05:39:09 AM
 #45449

And Nxt will be used by traders in the beginning. Let that sink it.

Indeed it will be used by some traders, scammers and hobbyists and little else "in the beginning" - I am looking a little beyond that but it seems many can't see that far.


No, I think you are imagining an utopia in your own mind that will not play out the way you expect. Its called decentralized free market. It will be driven by greed and innovation. Not by utopian ideals. It will be a human experiment and if guided by people intelligent to create innovative solutions, it will thrive.
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March 18, 2014, 05:39:45 AM
 #45450

windjc are u posting BS on purpose or are these posts truly ur standpoint?

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March 18, 2014, 05:40:19 AM
 #45451

No, I think you are imagining an utopia in your own mind that will not play out the way you expect. Its called decentralized free market. It will be driven by greed and innovation. Not by utopian ideals. It will be a human experiment and it guided by people intelligent to create innovative solutions it will thrive.

I don't have any such utopian ideals.

I am a pragmatist.

Also btw - I have invested in NXT so I have no great desire to "lose that investment".

I simply am not being delusional about what a "platform" is vs. what a "currency" is - that doesn't mean I think NXT will go "up or down" in value or that it's current price is above or below its "optimum" - the market will decide these things as it should.

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

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windjc
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March 18, 2014, 05:41:29 AM
 #45452

windjc are u posting BS on purpose or are these posts truly ur standpoint?



My standpoint.  You actually believe NXT can have a market cap of 1 million dollars and exist as a decentralized platform?
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March 18, 2014, 05:43:46 AM
 #45453

If POS isn't profitable and owning Nxt is not profitable and only owning assets are profitable, no one will be around to develop the asset owning system into the future.

The future is not something we can easily predict - but if you have a choice of two platforms:

1. Fee of 1%
2. Fee of 0.01 USD


The %  doesn't make sense. I hope to see the fees reduced to 0.1 Nxt soon.   I don't "forge" because of "fees". I do it voluntarily to support the network. It costs me absolutely nothing to do so. This applies to vast number (if not all) forgers.  We only need fees to prevent spam, and as of now 0.1 should be enough.

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windjc
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March 18, 2014, 05:44:40 AM
 #45454

Your confusion stems from a comment from someone who thinks too much like a programmer and not at all like a real world business person. I would mainly ignore it, although, I realize I haven't taken my own advice.

You should take your own advice - I have owned and worked in businesses for over 20 years so I think I am a "real world business person".


Ok. Then explain the incentive to be a POS stakeholder if you can't earn fees and your Nxt is basically worthless? And please answer something besides "you can sell a product as an asset."
CIYAM
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March 18, 2014, 05:47:03 AM
 #45455

The %  doesn't make sense. I hope to see the fees reduced to 0.1 Nxt soon.   I don't "forge" because of "fees". I do it voluntarily to support the network. It costs me absolutely nothing to do so. This applies to vast number (if not all) forgers.  We only need fees to prevent spam, and as of now 0.1 should be enough.

Indeed the incentive for forging is not so financial - at best down the track I think that forging rewards might cover the cost of running a server (if that and that's assuming a reasonable stake).

The reason for running a node (or super node) is going to have a lot more to do with the "ecosystem" (due to owning an Asset or a Digital Goods Store or something else that sits on the Nxt *platform*).

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

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March 18, 2014, 05:51:23 AM
 #45456

If it wasnt for ur investments / stakes, u would have given up on Nxt already.
CIYAM
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March 18, 2014, 05:52:38 AM
 #45457

Ok. Then explain the incentive to be a POS stakeholder if you can't earn fees and your Nxt is basically worthless? And please answer something besides "you can sell a product as an asset."

There *will always be fees* even if they have to be reduced quite a lot down the track.

How will POS fee rewards compare to say a "bank account" - not sure although already a large % of people get 0% return from their bank accounts so there is still at least some attraction to "having stake" and leasing out your "forging rights".

Always - to earn money you would be best to work hard and/or invest wisely.

Consider perhaps "buying Asset shares" if you see a promising listing (but don't invest in an Asset called CIYAM unless you can verify that it is owned by an AT).

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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March 18, 2014, 05:54:38 AM
Last edit: March 18, 2014, 06:05:05 AM by BrianNowhere
 #45458

The value of NXT *can never be very high* as it is basically just *fuel* to run the engine. There seem to be a lot of people in this forum who just "don't get this" (perhaps because "greed" is blinding them to reality).

I'm just going to let this reverberate here for a while. I don't even know what to say to this...yet

Good - let it "sink in" and hopefully a few others will too.


If you have powers to predict markets so well you could make a lot of money on Wall St. Crypto-currency is kind of a new thing by the way and everything about it is unprecedented. The halls of history are lined with the skins of those who thought they could predict the market and I think it's a bit presumptuous of you to say you can predict with certainty what Nxt will be worth.  Market forces are unpredictable, based on emotions, crowd mentality and many other factors including economic, financial and political. If math and market caps could predict everything about markets there's be no Stock market.  

NXt just like XRP is the only trust-less currency that exists in the system, therefore there is a potential for value, depending on the value of the entire ecosystem. All other assets issued are worth only what you can trust the issuer for.

I think I'm starting to see the deep distaste that some in the Nxt development community have for speculators: ie: NXt investors. I find it very concerning and I'm hoping others might pipe in here.







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March 18, 2014, 05:54:43 AM
 #45459

Don't forget that the more NXT you own the more block you forge.  You can selectively include transactions in the blocks you forge.















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CIYAM
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March 18, 2014, 05:57:08 AM
 #45460

If you have powers to predict markets so well you could make a lot of money on Wall St.

I don't have such powers although I did make quite a bit of money from a few well chosen stocks (such as Sun Microsystems back in the early 90's).

I am "no hippie" but I do *get* what Nxt actually *is*. It is *not* another "pump and dump copy coin" but instead a *platform*.

Right from the start Nxt was presented without the word "coin" and this among other things was *deliberate*.

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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