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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2754315 times)
windjc
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March 18, 2014, 06:20:58 AM
 #45481

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*.



You could unzip your pants and stick your wang in the Nasdaq in the 90's and make money. I don't think Mr. Buffet or Soros has to worry about being dethroned anytime soon.

Well I'm glad we've had this discussion and I understand more now what I've suspected for a while now about both Nxt and Ripple, which is that both believe they can exist in a vacuum somehow unencumbered by market forces.

At least Ripple has made their system scalable. If the price of XRp went up the fees would still be infinitesimal.  You seem to not be worried at all about contingency in case you are wrong,  which is something I would think any good programmer should always be thinking about and why I say it's very concerning to me.

You seem to be sending a strong SELL message. Not sure if you care, but that's what I'm getting. I can just wait for the new assets to come out, no reason to stick around, is pretty much what you are saying.

I don't think Ian even realizes the message he is actually sending.  But you should spend more time looking at what everyone else in the community is working on before forming an opinion on the state of things.
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CIYAM
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March 18, 2014, 06:21:30 AM
 #45482

You seem to be sending a strong SELL message. Not sure if you care, but that's what I'm getting. I can just wait for the new assets to come out, no reason to stick around, is pretty much what you are saying.

That I guess is how you have decided to interpret my posts.

Buy or sell is up to you and others - it's a free market!

(personally "I am holding")

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, 06:24:25 AM
 #45483

But, again, you seem to dismiss Nxt as a currency.  Makes no sense. It can exist as both, despite the original developers initial intentions, if we even know what those were/are.

And *again* you are "putting words in my mouth" (I wish you wouldn't do that as I am not doing that to you).

Firstly Nxt =/= NXT they are two different things.

Nxt is the platform and NXT is the "fuel" that it runs on - these are just the plain facts that I am stating.

So NXT *is* a crypto-currency but *it is not equivalent to LTC and other Bitcoin clones*. You can only compare "apples to apples".


Actually as a currency Nxt can and should be compared to other alts. Absolutely. POS vs. POW.

Green apples to red apples.

As an exchange it should be compared to MC, Emunie, and others.
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March 18, 2014, 06:25:36 AM
 #45484


(personally "I am hodling")


FIFY















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ORACOL
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CIYAM
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March 18, 2014, 06:26:47 AM
 #45485

Actually as a currency Nxt can and should be compared to other alts. Absolutely. POS vs. POW.

It is a poor comparison - if you want to compare NXT to something then I think XRP is a much closer one.

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
BrianNowhere
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March 18, 2014, 06:27:44 AM
 #45486

You seem to be sending a strong SELL message. Not sure if you care, but that's what I'm getting. I can just wait for the new assets to come out, no reason to stick around, is pretty much what you are saying.

That I guess is how you have decided to interpret my posts.

Buy or sell is up to you and others - it's a free market!

(personally "I am holding")


Why should I have any money in it at all if not for a potential price increase. If not for that I am just risking losing all of it for absolutely no reason. I suppose you expect people to just love the idea so much that they are willing to risk losing thousands in hopes that it gets developed.

Is that the idea?


NXT: 4957831430947123625
CIYAM
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March 18, 2014, 06:27:53 AM
 #45487


Haha - yes I'm not such a fan of "memes" (and I don't hodl any cute little doggies either).

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

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
CIYAM
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March 18, 2014, 06:30:15 AM
 #45488

Why should I have any money in it at all if not for a potential price increase. If not for that I am just risking losing all of it for absolutely no reason. I suppose you expect people to just love the idea so much that they are willing to risk losing thousands in hopes that it gets developed.

Is that the idea?

Nxt was not my idea so you'd have to as BCNext that (oh - yes - not possible).

Whether launching it the way it was launched was a good idea is another thing that has (and should) be questioned.

In coming to a decision about whether to invest or divest it is important to at least have a "clear understanding" of the "beast". That is all that I am trying to establish here.

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, 06:31:12 AM
 #45489

Actually as a currency Nxt can and should be compared to other alts. Absolutely. POS vs. POW.

It is a poor comparison - if you want to compare NXT to something then I think XRP is a much closer one.


No its not. Nxt is being introduced as a currency as we speak. Ripple never has and never will (probably). So this, again, i just your opinion.
windjc
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March 18, 2014, 06:32:37 AM
 #45490

Why should I have any money in it at all if not for a potential price increase. If not for that I am just risking losing all of it for absolutely no reason. I suppose you expect people to just love the idea so much that they are willing to risk losing thousands in hopes that it gets developed.

Is that the idea?

Nxt was not my idea so you'd have to as BCNext that (oh - yes - not possible).

Whether launching it the way it was launched was a good idea is another thing that has (and should) be questioned.

In coming to a decision about whether to invest or divest it is important to at least have a "clear understanding" of the "beast". That is all that I am trying to establish here.


And just as Bitcoin is not the code Satoshi originally wrote, neither will Nxt be the instrument exactly like BC might have planned. You should really let that sink in;)
CIYAM
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March 18, 2014, 06:32:58 AM
 #45491

No its not. Nxt is being introduced as a currency as we speak. Ripple never has and never will (probably). So this, again, i just your opinion.

Again - NXT is the currency and Nxt is the platform (although my understanding is that you only care about NXT so you think that Nxt == NXT).

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, 06:35:26 AM
 #45492

No its not. Nxt is being introduced as a currency as we speak. Ripple never has and never will (probably). So this, again, i just your opinion.

Again - NXT is the currency and Nxt is the platform (although my understanding is that you only care about NXT so you think that Nxt == NXT).


OMG. My apologies.

Nxt, NXT, nXT, nXt.

You do realize that newbies read this thread. Why would you or anyone insist on calling two completely separate things basically the same, if we could just assume the collective of both in our discourse.

And I care about both. A great deal. I think that NXT should be promoted as a currency with all the speculation that comes with that and I think that Nxt should be promoted as a decentralized asset exchange with a emphasize on ease of use, ease of adoption, and security.
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March 18, 2014, 06:35:46 AM
 #45493

Actually as a currency Nxt can and should be compared to other alts. Absolutely. POS vs. POW.

It is a poor comparison - if you want to compare NXT to something then I think XRP is a much closer one.


Except that Ripple doesn't have the problem Nxt will have IF you are wrong about the value and the price were suddenly to escalate.

Ripple fees are about 0.000001 of an XRP. At .01 Nxt per transaction even if Nxt shot up to $100 (despite your stead market advice)
it would cost $1.00 per transaction and $10,000 to purchase an asset. Forget about micro transactions and I guess Johnny's IPO can wait till he raises the $10,000 by holding a separate IPO.

I guess what you are doing is designing in built in protection against a steep gain in price. If it reaches the threshold, it crashes itself  back down to earth.

It's almost ingenious. Almost.

NXT: 4957831430947123625
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March 18, 2014, 06:39:21 AM
 #45494

     We need something that will make NXT relevant, a flagship application that people aged 16-24 (the ideal target audience of a crypto-currency business, or at least mine) can't resist.

I'm working on that right now. Digital Goods Store that could be used to sell pornopics.

How is this going to work? Would it be web based? Link?



NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
windjc
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March 18, 2014, 06:40:10 AM
 #45495

Actually as a currency Nxt can and should be compared to other alts. Absolutely. POS vs. POW.

It is a poor comparison - if you want to compare NXT to something then I think XRP is a much closer one.


Except that Ripple doesn't have the problem Nxt will have IF you are wrong about the value and the price were suddenly to escalate.

Ripple fees are about 0.000001 of an XRP. At .01 Nxt per transaction even Nxt went to $100 (despite your stead market advice)
it would cost $1.00 per transaction and $10,000 to purchase an asset. Forget about micro transactions and I guess Johnny's IPO can wait till he raises the $10,000 by holding a separate IPO.

I guess what you are doing is designing in built in protection against a steep gain in price. If it reaches the threshold, it crashes itself  back down to earth.

It's almost ingenious. Almost.

Except this model could never compete with Emunie, that creates a stable price while still allowing currency investors and speculators earn a large profit.

So basically, Nxt and NXT need to work hand in hand lovingly or they will both be eradicated.
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March 18, 2014, 06:41:35 AM
 #45496

Actually as a currency Nxt can and should be compared to other alts. Absolutely. POS vs. POW.

It is a poor comparison - if you want to compare NXT to something then I think XRP is a much closer one.


I agree NXT functions like XRP, but it is also a better store of value because of its lower circulation and the control it gives you over the network.















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windjc
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March 18, 2014, 06:43:49 AM
 #45497

Actually as a currency Nxt can and should be compared to other alts. Absolutely. POS vs. POW.

It is a poor comparison - if you want to compare NXT to something then I think XRP is a much closer one.


I agree NXT functions like XRP, but it is also a better store of value because of its lower circulation and the control it gives you over the network.

Just because NXT "could" function like XRP on Nxt, doesn't mean it will only function as such. Ripple has no one promoting it as a currency. Nxt has hundreds who already do. This isn't going to change anytime soon.
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March 18, 2014, 06:45:44 AM
 #45498

Actually as a currency Nxt can and should be compared to other alts. Absolutely. POS vs. POW.

It is a poor comparison - if you want to compare NXT to something then I think XRP is a much closer one.


I agree NXT functions like XRP, but it is also a better store of value because of its lower circulation and the control it gives you over the network.

Just because NXT "could" function like XRP on Nxt, doesn't mean it will only function as such. Ripple has no one promoting it as a currency. Nxt has hundreds who already do. This isn't going to change anytime soon.

No one is saying it will only function like XRP.  It is a multi-functional currency.















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windjc
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March 18, 2014, 06:48:08 AM
 #45499

Actually as a currency Nxt can and should be compared to other alts. Absolutely. POS vs. POW.

It is a poor comparison - if you want to compare NXT to something then I think XRP is a much closer one.


I agree NXT functions like XRP, but it is also a better store of value because of its lower circulation and the control it gives you over the network.

Just because NXT "could" function like XRP on Nxt, doesn't mean it will only function as such. Ripple has no one promoting it as a currency. Nxt has hundreds who already do. This isn't going to change anytime soon.

No one is saying it will only function like XRP.  It is a multi-functional currency.

Well when I'm told to compare it to XRP and not to other alts, it doesn't sounds multi-functional. But I agree, it absolutely is.

That is why I am perplexed when people like Ian, who should know better, pigeon-hole it (intentionally or not) in their descriptions.

Let it be everything it can be. Its not that hard.

I am not sure why the need for narrow mindedness or acting as if there is only one true future.
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March 18, 2014, 06:52:47 AM
Last edit: March 18, 2014, 07:04:34 AM by BrianNowhere
 #45500

Actually as a currency Nxt can and should be compared to other alts. Absolutely. POS vs. POW.

It is a poor comparison - if you want to compare NXT to something then I think XRP is a much closer one.


I agree NXT functions like XRP, but it is also a better store of value because of its lower circulation and the control it gives you over the network.

Just because NXT "could" function like XRP on Nxt, doesn't mean it will only function as such. Ripple has no one promoting it as a currency. Nxt has hundreds who already do. This isn't going to change anytime soon.

No one is saying it will only function like XRP.  It is a multi-functional currency.

The developers belief in what Nxt will be is of little concern to me. What concerns me is the complete disregard for contingency planning for the real possibility of a sudden and steep price increase.  In BTC and Ripple the fee is small enough that the rise would have to be enormous for it to have a negative affect.  A .01 Nxt fee and 1000 Nxt asset fee are simply too high to not quickly have a negative affect with only modest price increases. If it hits a certain level, the market will cease to a halt as people stop trading and transacting and the price would sink back down again. Like I said it's almost a designed price control built right into the system.

I am kicking myself for not realizing all of this when the price was up.

NXT: 4957831430947123625
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