NXT :: descendant of Bitcoin - Updated Information

[TwinWinNerD]

You get dividends

So if the company makes profit, they pay some of the profit to their asset holders?. As nxt is decentralized anonymous with no govt involvement, there is  no legal framework and checks and balances to insure the "company" isn't lying.
 
I don't think it's going to do anything for nxt (short to long term --- nxt needs to be at least at bitcoin level in popularity before even a semi-legitimate business like a gambling company) would issue such asset. I won't buy it still.

Lets move on.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

[BitcoinForumator]

Nxt is in dared need of a 100% trust forum. Im wondering how long it will take until we get one. I believe community fund should fund a forum to get thing structure a bit. It good to be decentralized, but not desorganized.

I'm setting one up now and if opticalcarrier agrees it can be the new forums.nxtcrypto.org:

http://107.170.117.237

Why do we need another forum exactly? 

http://www.nextcoin.org is very popular and http://forums.nxtcrypto.org is also fine.

And if we get new forum, could we please use a Next Generation design?   Something like this https://ripple.com/forum (sorry for using Ripple as example).

I fear that whatever forum will be up, there will always people that are not happy. nextcoin is run by a business on the top level (dgex), while nxtcrypto have no admin. So make your idea based on this.

Didn't know about the troubles with forums.nxtcrypto.org. I'm convinced there need to be a 'decentralized' forum. (although I like Nextcoin.org, it isn't the right name).

You can use my domain if you want:

www.nxtforum.org

Great! Use this domain please.

I don't hate GDInc in any way, he's done a fair share of good deeds, but I don't like Nextcoin because of the name and for this reason I don't visit it that much.

[IveBeenBit]

ANNOUNCEMENT

The new Nxt forum can be found here, people: http://107.170.117.237/index.php

Just so you don't miss it!

It looks great! I can't wait to see more discussion moving over there!

what happened to the old one?

The forum admin was hit by a bus.

[salsacz]

You get dividends

So if the company makes profit, they pay some of the profit to their asset holders?. As nxt is decentralized anonymous with no govt involvement, there is  no legal framework and checks and balances to insure the "company" isn't lying.
 
I don't think it's going to do anything for nxt (short to long term --- nxt needs to be at least at bitcoin level in popularity before even a semi-legitimate business like a gambling company) would issue such asset. I won't buy it still.

Lets move on.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

how can btc shares transform in real btc on my bitstamp acc?

[Eadeqa]

You get dividends

So if the company makes profit, they pay some of the profit to their asset holders?. As nxt is decentralized anonymous with no govt involvement, there is  no legal framework and checks and balances to insure the "company" isn't lying.
 
I don't think it's going to do anything for nxt (short to long term --- nxt needs to be at least at bitcoin level in popularity before even a semi-legitimate business like a gambling company) would issue such asset. I won't buy it still.

Lets move on.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

That's not dividend. I am getting a commodity in return (bitcoin) right away. This is different.

[TwinWinNerD]

You get dividends

So if the company makes profit, they pay some of the profit to their asset holders?. As nxt is decentralized anonymous with no govt involvement, there is  no legal framework and checks and balances to insure the "company" isn't lying.
 
I don't think it's going to do anything for nxt (short to long term --- nxt needs to be at least at bitcoin level in popularity before even a semi-legitimate business like a gambling company) would issue such asset. I won't buy it still.

Lets move on.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

how can btc shares transform in real btc on my bitstamp acc?

[TwinWinNerD]

You get dividends

So if the company makes profit, they pay some of the profit to their asset holders?. As nxt is decentralized anonymous with no govt involvement, there is  no legal framework and checks and balances to insure the "company" isn't lying.
 
I don't think it's going to do anything for nxt (short to long term --- nxt needs to be at least at bitcoin level in popularity before even a semi-legitimate business like a gambling company) would issue such asset. I won't buy it still.

Lets move on.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

That's not dividend. I am getting a commodity in return (bitcoin) right away. This is different.

please catch up what the word asset means.

Thank you

http://en.wikipedia.org/wiki/Asset

[IveBeenBit]

If they are forced to use only NXT for their trades then the demand will generate a higher price for NXT. That is how the math works. Do you expect that their will such a tidal wave of business inflow that the price of NXT will not be able to keep up? I think that would be when it would actually go to the moon.

James, BrooklynBTC, Sebestian, other people, and I have all made very good arguments for why what you wrote above it wrong. You show no sign that you even understand the counter arguments. I understand your argument completely, and it's wrong. In fact, I once agreed with what you are saying before thinking about it. You are repeating yourself.

[Anon136]

who in this community has the technical skills to help me build a forum ontop of the nxt blockchain? preferably someone who isnt enormously busy with another useful project. ill pay.

[TwinWinNerD]

who in this community has the technical skills to help me build a forum ontop of the nxt blockchain? preferably someone who isnt enormously busy with another useful project. ill pay.

I don't really like the idea. This way posts would only be updated roughly every 60 seconds and also the blockchain would get stuffed.

[Anon136]

who in this community has the technical skills to help me build a forum ontop of the nxt blockchain? preferably someone who isnt enormously busy with another useful project. ill pay.

I don't really like the idea. This way posts would only be updated roughly every 60 seconds and also the blockchain would get stuffed.

we could use magnet links to torrents and posts could be done in batches. the 60 second thing would be a problem. mostly im just looking at it as a simpler proof of concept for what would need to be developed for a true decentralized marketplace.

[Eadeqa]

You get dividends

So if the company makes profit, they pay some of the profit to their asset holders?. As nxt is decentralized anonymous with no govt involvement, there is  no legal framework and checks and balances to insure the "company" isn't lying.
 
I don't think it's going to do anything for nxt (short to long term --- nxt needs to be at least at bitcoin level in popularity before even a semi-legitimate business like a gambling company) would issue such asset. I won't buy it still.

Lets move on.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

That's not dividend. I am getting a commodity in return (bitcoin) right away. This is different.

please catch up what the word asset means.

Thank you

http://en.wikipedia.org/wiki/Asset

I asked if I can use asset  exchange to buy a commodity like pot, and someone said no. A bitcoin is a commodity.

By the way, this isn't trustless as I will have to trust bitstamp that they will send me real bitcoin if I buy their asset.

[TwinWinNerD]

but what is the real advantage?

There are way better solutions for decentralised hosting.

[IveBeenBit]

For all the posting you are doing on this topic, you show no signs of having considered the mathematical reality of what happens when $500 million of business flows into the Nxt system, and they are forced to use only Nxt to settle their trades.

https://bitcointalk.org/index.php?topic=345619.msg5815603#msg5815603

Furthermore, you fail to acknowledge that if a European wants to trade Euros for a commodity or an equity, he will favor the platform that allows him to denominate his trade in Euros. A Nxt fork will emerge that allows that, and we'll all be sitting here as kings of an abandoned currency.

This argument is simply a fallacy and an easy one to spot. Its like saying no market can ever grow because "its too small right now". If 500 million was injected into the nxt system it would not be overnight. It would be over time and the ecosystem would adapt, along with price, distribution and liquidity increasing significantly. While volatility would in cause, reduce greatly.

OK fine...then while we wait for Nxt to achieve several $trillion in market cap, let Nxt compete against all other assets and allow people the freedom to choose their own currency to do business. Maybe one day they will choose Nxt based on its merits.

[TwinWinNerD]

You get dividends

So if the company makes profit, they pay some of the profit to their asset holders?. As nxt is decentralized anonymous with no govt involvement, there is  no legal framework and checks and balances to insure the "company" isn't lying.
 
I don't think it's going to do anything for nxt (short to long term --- nxt needs to be at least at bitcoin level in popularity before even a semi-legitimate business like a gambling company) would issue such asset. I won't buy it still.

Lets move on.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

That's not dividend. I am getting a commodity in return (bitcoin) right away. This is different.

please catch up what the word asset means.

Thank you

http://en.wikipedia.org/wiki/Asset

I asked if I can use asset  exchange to buy a commodity like pot, and someone said no. A bitcoin is a commodity.

By the way, this isn't trustless as I will have to trust bitstamp that they will send me real bitcoin if I buy their asset.

Are you trolling?

You can't buy pot this way because you would buy the right to buy pot... and not pot directly. It is not a shop but an exchange.

Also you only buy an IOU. Like a share is....

Yes you need to trust bitstamp to redeem it, but the exchange of those tokens is trustless

[mczarnek]

You get dividends

So if the company makes profit, they pay some of the profit to their asset holders?. As nxt is decentralized anonymous with no govt involvement, there is  no legal framework and checks and balances to insure the "company" isn't lying.
 
I don't think it's going to do anything for nxt short to long term --- nxt needs to be at least at bitcoin level in popularity before even a semi-legitimate business like a gambling company would issue such asset. I won't buy it still.

Lets move on.

The way Nxt makes money is by people needing to pay the forgers to do stuff, either you forge yourself or you point your forging power at another account and get paid for it.

Exact same thing as dividends on your stock (in this case Nxt).

[joefox]

I asked if I can use asset  exchange to buy a commodity like pot, and someone said no. A bitcoin is a commodity.

By the way, this isn't trustless as I will have to trust bitstamp that they will send me real bitcoin if I buy their asset.

The person who said no is not correct. Anon136, as an example, is planning to use the AE to sell silver bullion.

The AE alone does NOT solve the trust issue, but other things might: multi sig transactions, escrow via Nxt AT agent, etc.

[intmain()]

Wow, this thread really explodes when the price starts to rise!

[landomata]

Wow, this thread really explodes when the price starts to rise!

Pulse of the market.

[Damelon]

who in this community has the technical skills to help me build a forum ontop of the nxt blockchain? preferably someone who isnt enormously busy with another useful project. ill pay.

I don't really like the idea. This way posts would only be updated roughly every 60 seconds and also the blockchain would get stuffed.

we could use magnet links to torrents and posts could be done in batches. the 60 second thing would be a problem. mostly im just looking at it as a simpler proof of concept for what would need to be developed for a true decentralized marketplace.

I think you fail to see (this time ) why a forum is used: to discuss and socialise, nót to show off what you can do technically.

I can see where you are coming from, and it would be great if this was here nów, but it isn't.

It is a means to an end at the moment, the end being: having a place to discuss with a better structure than this thread.

Once we can do that decentrally, great. For now, I'd like you to consider to also discuss over there, as it will really, really help!