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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755395 times)
swartzfeger
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March 18, 2014, 06:54:11 AM
 #45501

I think I was the first guy to propose to use NXT as ingame currency, feel free to approach any of the big game devs. Got nothing to lose

Nothing to lose, no. I'm going to play devil's advocate and say 'it ain't gonna happen.'

Blizzard? I couldn't even buy a friend a month's game time credit for his birthday, found nothing on any of their online assets. Called them personally, and the only workaround was to buy my friend a (soon-to-be-discontinued!) Diablo 3 RMAC in-game card, which could then credit their battle.net account. Blizzard is moving away, at least temporarily, from fiat for in-game transactions.

I can foresee maybe a notable dev here or there accepting a crypto for a monthly or annual sub. I see virtually no chance of accepting a crypto for frequent, recurring transactions. Apple, Sony, Microsoft, Activision/Blizzard et al will open their tills 10s of thousands of times a day for 1) fiat the central bank issues or 2) a crypto they issue when the time is right. Blizzard will never accept bitcoin, let alone NXT, as an in-game currency. They might eventually accept a blizzcoin.

One notable may be someone like NCsoft (South Korea, Guild Wars)... an Asian attitude may be more open to a crypto in-game currency for micro transactions.

Small indies/devs that aren't beholden to a board/bean counters? Definitely.

Games are centralized/controlled; user-driven game environments (like what we're trying to do with Nxtopia) is where in-game cryptos will shine, I think. Players crafting in-game assets for other players are incentivized from multiple angles. They're definitely behind the steering wheel.

Another possibility, I think I mentioned this in my first Nxtopia post -- a Fantasty Football (US football) service. I'm not sure if there's a European, Asian or South American analog, but fantasy football is huge in the States. Setup the stat tracking, set the payout tiers, give the players the ability to craft side bets ("if you beat me in week 3 by more than 15 points, I'll pay you 100 NXT. Shit, lost that bet... 200 NXT if I rack up more than 120 yards rushing in week 4.")

Just my 2¢ -- we need to concentrate on social/user-driven content and and nimble, forward thinking devs (altho it's not a game, someone similar to Damelon's investment contact).
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renat0
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March 18, 2014, 07:23:58 AM
 #45502

All fees should be completely free to be chosen by the payer/sender. If he wants to send his money or issue assets for 0.000000000001 nxt fee so be it but he must be aware there are high chances of his transaction taking a really long time to be approved due to not being too good for forgers. This fee is too high and has nothing to do with the freedom nature that NXT should have. It's coercive and inefficient. IMO fees shouldn't be 0.01 or 1 or anything else forced but completely free to be chosen, just like bitcoin

fees should only be as high to prevent blockchain dusting and that's it. 1 fee to send money 1000 to issue assets is ridiculous it should be at least 0.01 and 10, but rewarding those who pay higher fees by making sure their transactions get approved much quicker than those who pay lower fees
(and I say all of this by being a big forger so this would affect me negatively but I still want it for NXT's future sake. people with 1% of nxt coins barely forge more than 15 blocks a day so even with nearly no fees being paid due to small transactions there still is a lot of forging and competition!)

Selling Qora for 5 satoshi each.
Eadeqa
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March 18, 2014, 07:27:09 AM
 #45503

All fees should be completely free to be chosen by the payer/sender. If he wants to send his money or issue assets for 0.000000000001 nxt fee so be it but he must be aware there are high chances of his transaction taking a really long time to be approved due to not being too good for forgers.

Some kind of fee is needed to prevent spam and attackers sending millions of bogus transactions to his/her own accounts.

The fee should be reduced to 0.1 Nxt though

NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
BitcoinForumator
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March 18, 2014, 07:29:26 AM
 #45504

The transaction fees still on the table? Just change it already.
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March 18, 2014, 07:29:40 AM
 #45505

All fees should be completely free to be chosen by the payer/sender. If he wants to send his money or issue assets for 0.000000000001 nxt fee so be it but he must be aware there are high chances of his transaction taking a really long time to be approved due to not being too good for forgers.

Some kind of fee is needed to prevent spam and attackers sending millions of bogus transactions to his/her own accounts.
I mentioned that on my post

Selling Qora for 5 satoshi each.
wesleyh
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March 18, 2014, 07:34:31 AM
 #45506

The transaction fees still on the table? Just change it already.

Yes, but it's not so easy, it requires changing a lot of things internally (so that we can change it much more easily later on). Jean-luc is working on this now.
Eadeqa
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March 18, 2014, 07:34:51 AM
 #45507

fees should only be as high to prevent blockchain dusting and that's it. 1 fee to send money 1000 to issue assets is ridiculous it should be at least 0.01 and 10, but rewarding those who pay higher fees by making sure

As was mentioned, this is to prevent just a few people (or just one) from stealing and squatting on best asset names right after the launch. This will be reduced to normal transaction fees some day later after the launch

NXT-GZYP-FMRT-FQ9K-3YQGS
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windjc
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March 18, 2014, 07:47:53 AM
 #45508

The transaction fees still on the table? Just change it already.

Yes, but it's not so easy, it requires changing a lot of things internally (so that we can change it much more easily later on). Jean-luc is working on this now.

Another reason this thread needs to be spammed with a link to threads in a new forum so that this basic and important type of information doesn't get lost and buried in this thread.

Common sense would say we would need an adjustable rate, yet we have developers and testers talking as though rates are fixed now and forever and people jumping to the wrong conclusions about basic functions of this currency and platform.
bitcoinpaul
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March 18, 2014, 07:49:50 AM
 #45509

     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.

Finally someone takes Nxt serious and produces something with value!


Wink
bitcoinpaul
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March 18, 2014, 07:50:27 AM
 #45510

ATM accepting Doge and Litecoin:

http://www.coindesk.com/mexicos-first-bitcoin-atms-will-also-deal-altcoins/

Would be nice to see Nxt as an option.

Thanks for still keeping an eye out for us!

+1
bitcoinpaul
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March 18, 2014, 07:51:04 AM
 #45511

Regarding Asset Exchange:

1. Is there a way to give out dividends?

Dividends via AT, I suppose.
bitcoinpaul
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March 18, 2014, 07:53:50 AM
 #45512

In the meantime, is Nifty_Nikel still keeping Cointropolis running ?
Because I have one very easy idea for NXT adoption/promotion:
Get NXT accepted, as a simple first gen currency, by major online games.
Payment module from Damelons guy is almost ready to go, and getting "NXT accepted here" on the log-in screens for WoW, EVE, WoT, etc.,  would be major publicity if nothing else. I've got no time to run with this, so maybe u guys (or anyone else) would like to pick it up and take it further.

+1

The idea is good. Goals are a bit fairyland (WoW, ...) but the idea is good.

We need something like a toolkit to implement NXT into games. It should be super easy to implement it. Like a tutorial site with needed files for the devs.
wesleyh
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March 18, 2014, 07:53:58 AM
 #45513

Regarding pandaisftw's document:

( https://docs.google.com/presentation/d/1FsyumJLmQ9ckLNkHlmW1oPRGOoK3oAg_pVjFz3s0fNw/edit#slide=id.g1ce2334a0_00 )

point 1: I don't like anyone being able to create the same name. It will lead to confusion. However, it's likely that this solution will be implemented in the core anyway.

point 2: if you can just choose whichever company name you want, scammers would be able to take advantage of this. An alias contents can be updated easily.

This also means that both the name and company name can be updated, again leading to confusion.

Images may be useful, have to have some system to flag images though..

Same with audio/video.

Perhaps it would just be easier to supply a URL.


bitcoinpaul
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March 18, 2014, 07:55:21 AM
 #45514

Anyone know if someone giving out assets would be able to change the number of assets?  Anyone know?

I'd like to issue assets and destroy them on the fly so that the block chain can record exactly how many assets have been issued.

mmmhh, send it to the genesis account? Clients should look up which assets the genesis account owns and subtract the amount from the asset amount available on Nxt.
bitcoinpaul
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March 18, 2014, 07:56:57 AM
 #45515

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.


I would love to hear your opinion on where Nxt is heading, what the "beyond" is. Maybe it get's more clear for others if you tell some of your thoughts about it.
Fatih87SK
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March 18, 2014, 08:00:49 AM
 #45516

I think there will be more users of Cryptocurrencies in 2015-2016.

So 1 Bil. mCap for NXT in 2014 is doable. But I think we will grow together with the market cap of Bitcoin.
Because Bitcoin has still a lot of potential in the market.

If Bitcoin can reach 20 Bil. mCap. in 2015-2016, we can go higher as well.

bitcoinpaul
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March 18, 2014, 08:01:40 AM
 #45517

The transaction fees still on the table? Just change it already.

Yes, but it's not so easy, it requires changing a lot of things internally (so that we can change it much more easily later on). Jean-luc is working on this now.

He's doing the right thing. Change the code now (tedious task) to make changing fees easy in the future.
igmaca
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March 18, 2014, 08:06:00 AM
Last edit: March 18, 2014, 08:22:58 AM by igmaca
 #45518

All fees should be completely free to be chosen by the payer/sender. If he wants to send his money or issue assets for 0.000000000001 nxt fee so be it but he must be aware there are high chances of his transaction taking a really long time to be approved due to not being too good for forgers.

Some kind of fee is needed to prevent spam and attackers sending millions of bogus transactions to his/her own accounts.

The fee should be reduced to 0.1 Nxt though


then the value of the fee should obey two criteria

to deter spam.
to maintain and secure decentralized network with the lowest cost of energy.

there would never lose sight of the Nxt life motif
Achieving the utopia into reality

Nxt platform really means green P2P internet network.
Nxt platform really means secure P2P internet network.
Nxt platform really means Decentralized P2P internet network.
BrianNowhere
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March 18, 2014, 08:16:21 AM
 #45519

The transaction fees still on the table? Just change it already.

Yes, but it's not so easy, it requires changing a lot of things internally (so that we can change it much more easily later on). Jean-luc is working on this now.

He's doing the right thing. Change the code now (tedious task) to make changing fees easy in the future.

Well that's at least a contingency plan. Seems that the fee would just be a one line variable declared as an Int in the beginning of the program and not something you'd need to change in a lot of places. What do I know?

NXT: 4957831430947123625
evanxxx
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March 18, 2014, 08:24:05 AM
 #45520

I am doing some marketing on my own
hope it will help
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