Bitcoin Forum
August 18, 2019, 12:03:19 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 ... 2269 2270 2271 2272 2273 2274 2275 2276 2277 2278 2279 2280 2281 2282 2283 2284 2285 2286 2287 2288 2289 2290 2291 2292 2293 2294 2295 2296 2297 2298 2299 2300 2301 2302 2303 2304 2305 2306 2307 2308 2309 2310 2311 2312 2313 2314 2315 2316 2317 2318 [2319] 2320 2321 2322 2323 2324 2325 2326 2327 2328 2329 2330 2331 2332 2333 2334 2335 2336 2337 2338 2339 2340 2341 2342 2343 2344 2345 2346 2347 2348 2349 2350 2351 2352 2353 2354 2355 2356 2357 2358 2359 2360 2361 2362 2363 2364 2365 2366 2367 2368 2369 ... 2567 »
  Print  
Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755812 times)
BitcoinForumator
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
March 20, 2014, 11:04:21 AM
 #46361

Can someone who has the know-how explain the in-and-out's of this "NXT mining" and if it's really a big deal?

I'm seeing news all over the place and suggestions that it's quite a "boost to NXT".


Overhyped marketing again or something more?
1566086599
Hero Member
*
Offline Offline

Posts: 1566086599

View Profile Personal Message (Offline)

Ignore
1566086599
Reply with quote  #2

1566086599
Report to moderator
1566086599
Hero Member
*
Offline Offline

Posts: 1566086599

View Profile Personal Message (Offline)

Ignore
1566086599
Reply with quote  #2

1566086599
Report to moderator
1566086599
Hero Member
*
Offline Offline

Posts: 1566086599

View Profile Personal Message (Offline)

Ignore
1566086599
Reply with quote  #2

1566086599
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566086599
Hero Member
*
Offline Offline

Posts: 1566086599

View Profile Personal Message (Offline)

Ignore
1566086599
Reply with quote  #2

1566086599
Report to moderator
1566086599
Hero Member
*
Offline Offline

Posts: 1566086599

View Profile Personal Message (Offline)

Ignore
1566086599
Reply with quote  #2

1566086599
Report to moderator
1566086599
Hero Member
*
Offline Offline

Posts: 1566086599

View Profile Personal Message (Offline)

Ignore
1566086599
Reply with quote  #2

1566086599
Report to moderator
Damelon
Legendary
*
Offline Offline

Activity: 1092
Merit: 1001



View Profile
March 20, 2014, 11:05:10 AM
 #46362

I would like for us to try and come up with a "NXT Mission Statement".

http://en.wikipedia.org/wiki/Mission_statement
https://www.missionstatements.com/
http://www.entrepreneur.com/article/65230
http://www.norcblueprint.org/uploads/File/Mission_Statement_Guidelines.pdf
http://www.fastcompany.com/1400930/how-write-mission-statement-isnt-dumb

From the links above:

"A mission statement defines in a paragraph or so any entity's reason for existence. It embodies its philosophies, goals, ambitions and mores. Any entity that attempts to operate without a mission statement runs the risk of wandering through the world without having the ability to verify that it is on its intended course."
 
I suggest two rules to this exercise.  

First, posts containing your personal vision of the NXT mission statement contain no elaboration, explanation or follow-on text.  The whole point of a mission statement is that it is short and self-contained, and is supposed to stand alone.

Second, say or post NOTHING about anybody else's NXT Mission Statement, only modify and resubmit your own based on what you see others write.

This is a brainstorming exercise.  We will probably end up with several variants of a mission statement.  This may help us identify and understand different "subcultures" in our community and who belongs to them.  

Or this may just be an exercise in futility, I dunno.

Here's a first draft of "My NXT Mission Statement":  

The mission of NXT is to become humanity's most widely used blockchain-based currency for the purchase of goods and services online.

Think there needs to be more?  This mission statement is a blockchain of sorts - add to (or fork) it!

I'm working on this with QBTC, after the "branding" fell through.
I already collected surveys from Nxt members for this, but more are welcome.
The survey can be found here. We will collate this into a unified and understandable (ie. not all over the place) mission and vision.

QBTC is a professional in this field and I am very happy that she wants to help out with this as far as her time allows her to do.

For those who want: the survey can be found here: https://bitcointalk.org/index.php?topic=412243.msg5487600#msg5487600
Answers can be posted in the marketing thread. I will then get them to QBTC and we will work on this. Smiley

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog
Eadeqa
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
March 20, 2014, 11:09:21 AM
 #46363

Can someone who has the know-how explain the in-and-out's of this "NXT mining" and if it's really a big deal?

I'm seeing news all over the place and suggestions that it's quite a "boost to NXT".


Overhyped marketing again or something more?

It has nothing to do with Nxt itself. You join the pool that mine other altcoins, dump them on exchanges in return for nxt. All this is done automatically (bots) without much user input.  

I am sure the volume is really small, but it keeps the "buy" side ticking on exchanges.

NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
Damelon
Legendary
*
Offline Offline

Activity: 1092
Merit: 1001



View Profile
March 20, 2014, 11:13:40 AM
 #46364

Can someone who has the know-how explain the in-and-out's of this "NXT mining" and if it's really a big deal?

I'm seeing news all over the place and suggestions that it's quite a "boost to NXT".


Overhyped marketing again or something more?

It has nothing to do with Nxt itself. You join the pool that mine other altcoins, dump them on exchanges in return for nxt. All this is done automatically (bots) without much user input.  

I am sure the volume is really small, but it keeps the "buy" side ticking on exchanges.

It's a way to siphon the "value" of other coins into Nxt.

Basically a pool that pays out in Nxt instead of BTC. Smiley

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog
igmaca
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
March 20, 2014, 11:32:34 AM
 #46365


a transactions's fee should be tied to its byte size on the blockchain

...

There is another possibility.


Dynamic fees. byte size on the blockchain Vs Nxt coins market so that in order to if you want to forge you can provide a nxt per byte minimum price you are willing to offer to forge.
everybody have the possibility to make their numbers to see if it is profitable or not to forge.
if the price reaches a very high value should nevertheless have a minimum VPS nodes to ensure network.
in order to forge more attractive can be charged other services like;
leasing of computer

and so on


I think this solution solves;

fee is adjusted automatically
fee takes into account the costs of the nodes always updated
fee is charged per byte size on the blockchain
the concept of instant transactions is not broken
prevents spam

avanda1121
Full Member
***
Offline Offline

Activity: 124
Merit: 100


View Profile
March 20, 2014, 11:40:29 AM
 #46366

Anyone have problem on http://coinpool.byethost32.com/
 Huh
renat0
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
March 20, 2014, 11:40:49 AM
 #46367

these new nxt pools are really good and very welcomed but the community is overetimating its value. it's not a huge deal.
1) ppl keep saying how this will "push" price of nxt due to need of buying coins to send to miners. nxt doesn't need an artificial price raise but instead price raise because more ppl are using it, trading it, it has features that add value to it etc
2) miners will also eventually sell their mined nxt so it will also "pressure sell side"

but once again the idea is very useful and very welcomed, just think it's being hyped and overestimated really

as for fees, yes let's keep discussing about it but as of now it CANNOT be above 0.01. 1 nxt fee was set when nxt was valued at 21 btc total market cap or 250 btc. nxt raised in price too much and now the fee is too expansive
and i say all this being a forger myself

Selling Qora for 5 satoshi each.
salsacz
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


View Profile
March 20, 2014, 11:44:03 AM
 #46368

You can buy anything on Amazon by Nxt right now:

http://coinverted.com/shop/ accepts Nxt

btw...

Would you accept Nxt cryptocurrency? Open letter for shops and exchanges
http://justpaste.it/accept-nxt

http://i.imgur.com/36PESUM.jpg
http://i.imgur.com/0GIBHfl.jpg

15 new shops (since Saturday) now accept Nxt

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
mikesbmw
Sr. Member
****
Offline Offline

Activity: 339
Merit: 250


View Profile
March 20, 2014, 11:45:11 AM
 #46369


Thats because of all the "every type of altcoin going" pump and dump mentality. People are starting to realise nxt has never been a pump and dump coin. Now all you see is pumping and dumping of the alt clones to transfer to nxt. If anything Nxt has given a purpose for the alt clones and thats is pumping them to dump for nxt. alts are a way for people to obtain nxt without putting up fiat. imo any ways. i personally mine alts to swap for ghs at cex or buy nxt with em and thats it. nxt is my gold stash lol

And now we have 2 pools www.hashrate.org and www.nxtp00l.org i dont even have to handle to alts lol
You get your mining rig and electricity for free?  Wink

I've been considering building a mining rig just for this purpose, but it really goes against every fiber in my body to waist KW/hours of energy for "nothing". I might as well invest another 1000 euros in NXT.

I also think it goes against the POS mentality. Yeah, NXT is POS, but you are MINING and waisting energy on other shit coins. Seems a bit odd, doesn't it?

NXT: Next Generation of Cryptocurrency http://nxtcrypto.org
NEM:New Economy Movement http://www.ournem.com/
Sebastien256
Hero Member
*****
Offline Offline

Activity: 715
Merit: 500



View Profile
March 20, 2014, 11:48:33 AM
 #46370


Thats because of all the "every type of altcoin going" pump and dump mentality. People are starting to realise nxt has never been a pump and dump coin. Now all you see is pumping and dumping of the alt clones to transfer to nxt. If anything Nxt has given a purpose for the alt clones and thats is pumping them to dump for nxt. alts are a way for people to obtain nxt without putting up fiat. imo any ways. i personally mine alts to swap for ghs at cex or buy nxt with em and thats it. nxt is my gold stash lol

And now we have 2 pools www.hashrate.org and www.nxtp00l.org i dont even have to handle to alts lol
You get your mining rig and electricity for free?  Wink

I've been considering building a mining rig just for this purpose, but it really goes against every fiber in my body to waist KW/hours of energy for "nothing". I might as well invest another 1000 euros in NXT.

I also think it goes against the POS mentality. Yeah, NXT is POS, but you are MINING and waisting energy on other shit coins. Seems a bit odd, doesn't it?

Well, imo, mining NXt is only temporary, until most PoW coin worth nothing.

Nxt official forum at: https://nxtforum.org/
ShroomsKit_Disgrace
Legendary
*
Offline Offline

Activity: 952
Merit: 1000

Yeah! I hate ShroomsKit!


View Profile
March 20, 2014, 11:52:22 AM
 #46371


Thats because of all the "every type of altcoin going" pump and dump mentality. People are starting to realise nxt has never been a pump and dump coin. Now all you see is pumping and dumping of the alt clones to transfer to nxt. If anything Nxt has given a purpose for the alt clones and thats is pumping them to dump for nxt. alts are a way for people to obtain nxt without putting up fiat. imo any ways. i personally mine alts to swap for ghs at cex or buy nxt with em and thats it. nxt is my gold stash lol

And now we have 2 pools www.hashrate.org and www.nxtp00l.org i dont even have to handle to alts lol
You get your mining rig and electricity for free?  Wink

I've been considering building a mining rig just for this purpose, but it really goes against every fiber in my body to waist KW/hours of energy for "nothing". I might as well invest another 1000 euros in NXT.

I also think it goes against the POS mentality. Yeah, NXT is POS, but you are MINING and waisting energy on other shit coins. Seems a bit odd, doesn't it?

Take this "mining" thing as a have-to-do cleaning in the uberpopulated world of altcoins  Wink
okaynow
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500


PGP 9CB0902E


View Profile
March 20, 2014, 11:54:19 AM
 #46372

15 new shops (since Saturday) now accept Nxt
Salca you are on a spree! Great job, man,
You are putting a lot of effort in this.

On the pasted text, there is a small typo, it should read: "Instructions for programmers".
Thanks for your efforts
-Fo-

1PeecNu1J8VNKpgR13nasMZWLcMZrwNJfc
pandaisftw
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile
March 20, 2014, 11:56:32 AM
 #46373

There's just 1 problem with a list of predefined categories though; it's centralized.

As far as I understand, the DGS (digital goods store) also won't have categories. CFB does not like this idea of centralization. (even though it would help the user)

I don't think it'll be centralized if each client decides what pre-defined categories it shows? Btw, you should make these categories a) as general as possible and b) perhaps only for large markets. For example, cryptocurrencies should definitely be a category. Fiat, stocks... that's all I can think of at this hour Cheesy Perhaps even more general categories such as "Most Traded (All Time)", "Fastest Rising", "Alphabetical", "Newest Assets", etc.

I think of pre-defined categories just as a way for users/issuers to get started with the most popular assets types (to make the AE look good, of course). Using tags, that will give the issuer and users unlimited freedom to sort and categorize assets as they please.

You could also add an option for a user to to link their client to a service provider's API, and perhaps grab a specialized list from their servers. While a nice addition, IMHO it's not a replacement for the tag system.

Pandaisftw

NXT: 13095091276527367030
bitcoinpaul
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000



View Profile
March 20, 2014, 11:56:40 AM
 #46374

these new nxt pools are really good and very welcomed but the community is overetimating its value. it's not a huge deal.
1) ppl keep saying how this will "push" price of nxt due to need of buying coins to send to miners. nxt doesn't need an artificial price raise but instead price raise because more ppl are using it, trading it, it has features that add value to it etc
2) miners will also eventually sell their mined nxt so it will also "pressure sell side"

It's about getting a bigger audience.
mikesbmw
Sr. Member
****
Offline Offline

Activity: 339
Merit: 250


View Profile
March 20, 2014, 11:56:43 AM
 #46375


Thats because of all the "every type of altcoin going" pump and dump mentality. People are starting to realise nxt has never been a pump and dump coin. Now all you see is pumping and dumping of the alt clones to transfer to nxt. If anything Nxt has given a purpose for the alt clones and thats is pumping them to dump for nxt. alts are a way for people to obtain nxt without putting up fiat. imo any ways. i personally mine alts to swap for ghs at cex or buy nxt with em and thats it. nxt is my gold stash lol

And now we have 2 pools www.hashrate.org and www.nxtp00l.org i dont even have to handle to alts lol
You get your mining rig and electricity for free?  Wink

I've been considering building a mining rig just for this purpose, but it really goes against every fiber in my body to waist KW/hours of energy for "nothing". I might as well invest another 1000 euros in NXT.

I also think it goes against the POS mentality. Yeah, NXT is POS, but you are MINING and waisting energy on other shit coins. Seems a bit odd, doesn't it?

Well, imo, mining NXt is only temporary, until most PoW coin worth nothing.

Temporary? You know of any people who will stop when they make a profit?
I think it's wrong to dilute NXT's POS scheme.

It's true people have been doing this already on their own, but now it's a service directly offered for / by NXT (it's on the front page...  Huh )

"Don't worry people! We are only dumping toxic waste in your water as long as toxic waste is being produced"  Grin

EDIT: Oh and from a marketing point-of-view it isn't smart either. People will have a field day: "See NXT needs POW to grow!".

NXT: Next Generation of Cryptocurrency http://nxtcrypto.org
NEM:New Economy Movement http://www.ournem.com/
pandaisftw
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile
March 20, 2014, 12:02:55 PM
 #46376


Thats because of all the "every type of altcoin going" pump and dump mentality. People are starting to realise nxt has never been a pump and dump coin. Now all you see is pumping and dumping of the alt clones to transfer to nxt. If anything Nxt has given a purpose for the alt clones and thats is pumping them to dump for nxt. alts are a way for people to obtain nxt without putting up fiat. imo any ways. i personally mine alts to swap for ghs at cex or buy nxt with em and thats it. nxt is my gold stash lol

And now we have 2 pools www.hashrate.org and www.nxtp00l.org i dont even have to handle to alts lol
You get your mining rig and electricity for free?  Wink

I've been considering building a mining rig just for this purpose, but it really goes against every fiber in my body to waist KW/hours of energy for "nothing". I might as well invest another 1000 euros in NXT.

I also think it goes against the POS mentality. Yeah, NXT is POS, but you are MINING and waisting energy on other shit coins. Seems a bit odd, doesn't it?

Well, imo, mining NXt is only temporary, until most PoW coin worth nothing.

Temporary? You know of any people who will stop when they make a profit?
I think it's wrong to dilute NXT's POS scheme.

It's true people have been doing this already on their own, but now it's a service directly offered for / by NXT (it's on the front page...  Huh )

"Don't worry people! We are only duping toxic waste in your water as long as toxic waste is being produced"  Grin

Eventually, everyone will have to switch to PoS (because PoW will keep getting dumped, and not just by NXT - multipools are popping up everywhere), what will you mine then? Plus, it won't "dilute" NXT, because no new NXT are being created.

Anyways, I don't think it has anything to do with NXT's ideology as a whole. You can't stop people from doing what they want...
Pandaisftw

NXT: 13095091276527367030
bitcoinpaul
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000



View Profile
March 20, 2014, 12:05:23 PM
 #46377

EDIT: Oh and from a marketing point-of-view it isn't smart either. People will have a field day: "See NXT needs POW to grow!".

->

It's about getting a bigger audience.

and

market it as "use your available rigs to convert from 1st to 2nd crypto now instead of wasting time and energy on soon to be dead altcoins"
salsacz
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


View Profile
March 20, 2014, 12:05:39 PM
 #46378

+ this is good http://tuckfheman.com/post/80139212670/you-can-now-mine-nxt

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
mikesbmw
Sr. Member
****
Offline Offline

Activity: 339
Merit: 250


View Profile
March 20, 2014, 12:20:08 PM
 #46379

What I ment by "diluting the NXT POS scheme", is that you're using POW to directly buy NXT. It's against one of the POS principles (don't waste energy).
And as long as there will be crapcoins (they will keep popping up for as long as people can make a quick buck on them) people will keep mining them.

Getting a bigger audience by letting go one of the POS principles?
I think I'm in one of my philosophical fases or whatever, but it feels like dumping toxic waste somewhere to grow yourself a clean business.  Wink

I won't go on about this. Just letting you know how I think about it  Kiss

NXT: Next Generation of Cryptocurrency http://nxtcrypto.org
NEM:New Economy Movement http://www.ournem.com/
Damelon
Legendary
*
Offline Offline

Activity: 1092
Merit: 1001



View Profile
March 20, 2014, 12:27:53 PM
 #46380

What I ment by "diluting the NXT POS scheme", is that you're using POW to directly buy NXT. It's against on of the POS principles (don't waste energy).
And as long as there will be crapcoins (they will keep popping up for as long as people can make a quick buck on them) people will keep mining them.

Getting a bigger audience by letting go one of the POS principles?
I think I'm in one of my philosophical fases or whatever, but it feels like dumping toxic waste somewhere to grow yourself a clean business.  Wink

I won't go on about this. Just letting you know how I think about it  Kiss

Rule one of the internet: people will do what they do.

Nxt is open. The *system* may be PoS. That doesn't mean people will be limited by it.
The only way to counteract that is to centrally limit it.

This is one of those "take the good with the bad" situations.

The only thing Nxt developers can do is not actively promote it by writing the code for it themselves.
That is where a mission statement that rickyjames was talking about comes in handy.

It means no core coding would be allocated to facilitating it out of the community. But that's as far as it would go Smiley

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog
Pages: « 1 ... 2269 2270 2271 2272 2273 2274 2275 2276 2277 2278 2279 2280 2281 2282 2283 2284 2285 2286 2287 2288 2289 2290 2291 2292 2293 2294 2295 2296 2297 2298 2299 2300 2301 2302 2303 2304 2305 2306 2307 2308 2309 2310 2311 2312 2313 2314 2315 2316 2317 2318 [2319] 2320 2321 2322 2323 2324 2325 2326 2327 2328 2329 2330 2331 2332 2333 2334 2335 2336 2337 2338 2339 2340 2341 2342 2343 2344 2345 2346 2347 2348 2349 2350 2351 2352 2353 2354 2355 2356 2357 2358 2359 2360 2361 2362 2363 2364 2365 2366 2367 2368 2369 ... 2567 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!